Agenda — Temecula City Council, September 23, 2025 (part 1 of 4)

In compliance with the Americans with Disabilities Act, if you need special assistance to participate in this meeting, please contact the office of the City Clerk (951) 694-6444. Notification 48 hours prior to a meeting will enable the City to make reasonable arrangements to ensure accessibility to that meeting [28 CFR 35.102.35.104 ADA Title II].

AGENDA

TEMECULA CITY COUNCIL

REGULAR MEETING

COUNCIL CHAMBERS
41000 MAIN STREET

TEMECULA, CALIFORNIA
SEPTEMBER 23, 2025 - 3:00 PM
CLOSED SESSION - 2:00 PM
CONFERENCE WITH REAL PROPERTY NEGOTIATORS. The City Council will meet in closed session pursuant to Government Code Section 54956.8 regarding the potential lease of two properties between the City and the Riverside County Flood Control and Water Conservation District ("District"). e first property is owned by the District and is a single parcel approximately 115.4 acres (APN 909-120-046) southwesterly of Cherry Street and Jefferson Avenue. The second property is owned by the City and consists of two parcels of property approximately 10.27 acres (APN 909-370-049) and

10.91 acres (APN 909-370-050) northwesterly of Diaz Road and Dendy Parkway. Negotiators for the City are Aaron Adams, Kevin Hawkins, Luke Watson, Ron Moreno and Anissa Sharp. Under negotiations are price and terms of the potential lease of one or both properties by the City and the District.

CONFERENCE WITH LEGAL COUNSEL --POTENTIAL LITIGATION. The City Council will meet in closed session with the City Attorney pursuant to Government Code Section 54956.9(d)(2) with respect to one matter of potential litigation. A point has been reached where, in the opinion of the City Attorney, based on existing facts and circumstances, there is a significant exposure to litigation involving the City, Southern California Edison Company, Southern California Gas Company, and Charter Communications/Spectrum based on two letters from their respective attorneys dated May 6, 2024 and May 23, 2025. The letters are available for public inspection from the Office of the City Clerk.

CALL TO ORDER: Mayor Brenden Kalfus
INVOCATION: TBD
FLAG SALUTE: Mayor Brenden Kalfus
ROLL CALL: Alexander, Kalfus, Rahn, Schwank, Stewart

PRESENTATIONS
Presentation of Proclamation for National Preparedness Month Presentation of Certificate of Merit from the American Red Cross to Thomas Mann Presentation by Southern California Edison and the Office of Emergency Management

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City Council Agenda September 23, 2025

BOARD / COMMISSION REPORTS
Planning Commission and Race, Equity, Diversity and Inclusion Commission

PUBLIC SAFETY REPORT
County of Riverside, Fire Department (CAL FIRE)

PUBLIC COMMENTS - NON -AGENDA ITEMS
A total of 30 minutes is provided for members of the public to address the City Council on matters not listed on the agenda. Each speaker is limited to 3 minutes. Public comments may be made in person at the meeting by submitting a speaker card to the City Clerk. Speaker cards will be called in the order received. Still images may be displayed on the projector. All other audio and visual use is prohibited.

Public comments may also be submitted by email for inclusion into the record. Email comments must be received prior to the time the item is called for public comments and submitted to [email protected]. All public participation is governed by Council Policy regarding Public Participation at Meetings adopted by Resolution No. 2021-54.

CITY COUNCIL REPORTS
Reports by the members of the City Council on matters not on the agenda will be made at this time. A total, not to exceed, ten minutes will be devoted to these reports.

CONSENT CALENDAR
All matters listed under Consent Calendar are considered to be routine and all will be enacted by one roll call vote. There will be no discussion of these items unless members of the City Council request specific items be removed from the Consent Calendar for separate action. A total of 30 minutes is provided for members of the public to address the City Council on matters on the Consent Calendar.

Each speaker is limited to 3 minutes. Public comments may be made in person at the meeting by submitting a speaker card to the City Clerk. Speaker cards will be called in the order received. Still images maybe displayed on the projector. All other audio and visual use is prohibited. Public comments may also be submitted by email for inclusion into the record. Email comments must be received prior to the time the item is called for public comments and submitted to [email protected].

All public participation is governed by Council Policy regarding Public Participation at Meetings adopted by Resolution No. 2021-54.

1. Waive Reading of Title and Text of All Ordinances and Resolutions Included in the Agenda Recommendation: That the City Council waive the reading of the title and text of all ordinances and resolutions included in the agenda.

Attachments: Agenda Report

2. Approve Action Minutes of September 9, 2025
Recommendation: That the City Council approve the action minutes of September 9, 2025.

Attachments: Action Minutes

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City Council Agenda September 23, 2025

3. Approve List of Demands
Recommendation
Attachments
That the City Council adopt a resolution entitled:

RESOLUTION NO.

A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF

TEMECULA ALLOWING CERTAIN CLAIMS AND DEMANDS AS

SET FORTH IN EXHIBIT A
Agenda Report
Resolution
List of Demands

4. Approve City Treasurer's Report for the Period of July 1, 2025 through July 31, 2025 Recommendation: That the City Council approve and file the City Treasurer's Report for the Period of July 1, 2025 through July 31, 2025
Attachments: Agenda Report
City Treasurer's Report

5. Adopt Ordinance No. 2025-13 Amending Sections 2.40.030, 2.40.050, 2.40.060, and 2.40.100 of the Temecula Municipal Code Relating to the Qualifications, Appointment and Removal, Term and Compensation for City Commission Members (Second Reading] Recommendation: That the City Council adopt an ordinance entitled:

ORDINANCE NO. 2025-13

AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF
TEMECULA AMENDING SECTIONS 2.40.030, 2.40.050, 2.40.060, AND 2.40.100 OF THE TEMECULA MUNICIPAL CODE RELATING

TO THE QUALIFICATIONS, APPOINTMENT AND REMOVAL,

TERM AND COMPENSATION FOR CITY COMMISSION MEMBERS
Attachments: Agenda Report
OrdinnnrP

6. Approve Cooperative Areeement with the Countv of Riverside, Fire Department to Provide Fire Protection, Fire Prevention, Rescue, Fire Marshal, Hazmat, and Medical Emergency Services for the City of Temecula for Fiscal Years 2025-26 through 2029-30 Recommendation: That the City Council approve a cooperative agreement with the County of Riverside, Fire Department to Provide Fire Protection, Fire Prevention, Rescue, Fire Marshal, Hazmat, and Medical Emergency Services for the City of Temecula for Fiscal Years 2025-26 through 2029-30.

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City Council Agenda September 23, 2025

7. 8.

Attachments:

Agenda Report
Cooperative Agreement
Exhibit A
Fyhihit R
Exhibit C
Exhibit D
Award Construction Contract to LC Paving & Sealing, Inc, for Sidewalks - Pauba Road, PW1 A-?O
Recommendation: That the City Council:

1. Approve the transfer of $200,000 in Measure S funds from the Bike Lane and Trail Program - Ronald Reagan Sports Park Trails, PW22-05, to the Sidewalks - Pauba Road, PW19-20 project; and

2. Award a construction contract to LC Paving & Sealing, Inc. in the amount of $817,611 for the Sidewalks - Pauba Road, PW 19-20; and

3. Authorize the City Manager to approve construction contract change orders up to 10% of the contract amount, $81,761.10; and

4. Make a finding that the Sidewalks - Pauba Road, PW 19-20 is exempt from Multiple Species Habitat Conservation Plan fees.

Attachments: Agenda Report
Contract
Project Description
Project Location
Accept Improvements and File the Notice of Completion for the Santa Gertrudis Creek Trail Phase II - Margarita Road Under -Crossing (Rebid,) Project, PW 19-04 Recommendation: That the City Council:

1. Accept the construction of the Santa Gertrudis Creek Trail Phase II - Margarita Road Under -Crossing (Rebid) Project, PW 19-04; and

2. Direct the City Clerk to file and record the Notice of Completion, release the Performance Bond, and accept a one-year Maintenance Bond in the amount of 10% of the final contract amount; and

3. Release the Labor and Materials Bond seven months after filing the Notice of Completion, if no liens have been filed.

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City Council
Agenda September 23, 2025
Attachments: Agenda Report
Notice of Completion
Contractor's Affidavit and Final Release
Maintenance Bond

RECESS CITY COUNCIL MEETING TO SCHEDULED MEETINGS OF THE TEMECULA

COMMUNITY SERVICES DISTRICT, THE SUCCESSOR AGENCY TO THE TEMECULA

REDEVELOPMENT AGENCY, THE TEMECULA HOUSING AUTHORITY, AND/OR THE

TEMECULA PUBLIC FINANCING AUTHORITY

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City Council Agenda September 23, 2025

TEMECULA COMMUNITY SERVICES DISTRICT MEETING
CALL TO ORDER: President Zak Schwank
ROLL CALL: Alexander, Kalfus, Rahn, Schwank, Stewart

CSD PUBLIC COMMENTS - NON -AGENDA ITEMS
A total of 30 minutes is provided for members of the public to address the Board of Directors on matters not listed on the agenda. Each speaker is limited to 3 minutes. Public comments may be made in person at the meeting by submitting a speaker card to the City Clerk. Speaker cards will be called in the order received. Still images may be displayed on the projector. All other audio and visual use is prohibited.

CSD CONSENT CALENDAR
All matters listed under Consent Calendar are considered to be routine and all will be enacted by one roll call vote. There will be no discussion of these items unless members of the Community Services District request specific items be removed from the Consent Calendar for separate action. A total of 30 minutes is provided for members of the public to address the Board of Directors on items that appear on the Consent Calendar. Each speaker is limited to 3 minutes. Public comments may be made in person at the meeting by submitting a speaker card to the City Clerk. Speaker cards will be called in the order received. Still images may be displayed on the projector. All other audio and visual use is prohibited.

9. Approve Action Minutes of September 9, 2025
Recommendation: That the Board of Directors approve the action minutes of September 9, 2025.

Attachments: Action Minutes

10. Approve First Amendment to the Agreement with M & J Paul Enterprises, Inc. dba Jolly Jumps for Event and Program Rental Items
Recommendation: That the Board of Directors approve the first amendment to the agreement with M & J Paul Enterprises, Inc. dba Jolly Jumps for event and program rental items.

Attachments: Agenda Report
First Amendment

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City Council Agenda September 23, 2025

CSD BUSINESS
Any member of the public may address the Board of Directors on items that appear on the Business portion of the agenda. Each speaker is limited to 5 minutes. Public comments may be made in person at the meeting by submitting a speaker card to the City Clerk. Speaker cards will be called in the order received. Still images may be displayed on the projector. All other audio and visual use is prohibited.

11. Receive Recommendations Related to Temecula Sunset Market and Provide General Direction Regarding the Same (At the Request of the Subcommittee Members Schwank and Stewart) Recommendation: That the Board of Directors receive recommendations related to the Temecula Sunset Market and provide general direction regarding the same.

Attachments: Agenda Report

12. Receive Recommendations Related to New Year's Eve Grape Drop and Provide General Direction Regarding the Same (At the Request of Subcommittee Members Schwank and Stewart
Recommendation: That the Board of Directors receive recommendations related to the New Year's Eve Grape Drop and provide general direction regarding the same.

Attachments: Agenda Report

CSD DIRECTOR OF COMMUNITY SERVICES REPORT

CSD GENERAL MANAGER REPORT

CSD BOARD OF DIRECTOR REPORTS

CSD ADJOURNMENT
The next regular meeting of the Temecula Community Services District will be held on Tuesday, October 14, 2025, at 2:00 p.m., for a Closed Session, with regular session commencing at 3:00 p.m., at the Council Chambers located at 41000 Main Street, Temecula, California.

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SUCCESSOR AGENCY TO THE TEMECULA REDEVELOPMENT AGENCY - NO

MEETING

TEMECULA HOUSING AUTHORITY - NO MEETING

JOINT MEETING - TEMECULA PUBLIC FINANCING AUTHORITY / CITY COUNCIL CALL TO ORDER: Chair Brenden Kalfus
ROLL CALL: Alexander, Kalfus, Rahn, Schwank, Stewart

TPFA PUBLIC COMMENT
A total of 30 minutes is provided for members of the public to address the Board of Directors on matters not listed on the agenda. Each speaker is limited to 3 minutes. A total of 30 minutes is provided for members of the public to address the City Council on matters not listed on the agenda. Each speaker is limited to 3 minutes. Public comments may be made in person at the meeting by submitting a speaker card to the City Clerk. Speaker cards will be called in the order received. Still images may be displayed on the projector. All other audio and visual use is prohibited. Public comments may also be submitted by email for inclusion into the record. Email comments must be received prior to the time the item is called for public comments and submitted to [email protected]. All public participation is governed by Council Policy regarding Public Participation at Meetings adopted by Resolution No. 2021-54.

TPFA CONSENT CALENDAR
All matters listed under Consent Calendar are considered to be routine and all will be enacted by one roll call vote. There will be no discussion of these items unless members of the Temecula Public Financing Authority request specific items be removed from the Consent Calendar for separate action. A total of 30 minutes is provided for members of the public to address the Board of Directors on items that appear on the Consent Calendar. Each speaker is limited to 3 minutes. Public comments may be made in person at the meeting by submitting a speaker card to the City Clerk. Speaker cards will be called in the order received. Still images may be displayed on the projector. All other audio and visual use is prohibited. Public comments may also be submitted by email for inclusion into the record. Email comments must be received prior to the time the item is called for public comments and submitted to [email protected]. All public participation is governed by Council Policy regarding Public Participation at Meetings adopted by Resolution No. 2021-54.

13. Approve Action Minutes of September 9, 2025
Recommendation: That the Board of Directors approve the action minutes of September 9, 2025.

Attachments: Action Minutes

TPFA/COUNCIL PUBLIC HEARING
Any person may submit written comments to the Board of Directors before a public hearing or may appear and be heard in support of or in opposition to the approval of a project at the time of the hearing.

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City Council Agenda September 23, 2025
If you challenge a project in court, you may be limited to raising only those issues you or someone else raised at the public hearing or in written correspondence delivered to the City Clerk at or prior to the public hearing. For public hearings each speaker is limited to 5 minutes. Public comments may be made in person at the meeting by submitting a speaker card to the City Clerk or by submitting an email to be included into the record. Email comments must be submitted to [email protected].

Email comments on all matters, including those not on the agenda, must be received prior to the time the item is called for public comments. At public hearings involving land use matters, the property owner and/or applicant has the burden of proof and, therefore, shall be allowed 15 minutes for an initial presentation, and an additional 10 minutes for rebuttal by its development team following other comments on the matter. An appellant, other than the property owner and/or applicant, and the spokesperson for an organized group of residents residing within the noticed area of the property, which is the subject of the public hearing, shall be allowed 15 minutes to present the appellant's position to the Board. The Chair may allow more time if required to provide due process for the property owner, applicant or appellant. All other members of the public may speak during the public hearing for a maximum period of 5 minutes each. Deferral of one speaker's time to another is not permitted. In the event of a large number of speakers, the Chair may reduce the maximum time limit for members of the public to speak. All public participation is governed by the Council Policy regarding Public Participation at Meetings adopted by Resolution No. 2021-54.

14. Approve Issuance of Special Tax Bonds for Temecula Public Financing Authority Community Facilities District No. 23-02 (Prado)
Recommendation: That the City Council/Board of Directors conduct a public hearing and adopt resolutions entitled:

RESOLUTION NO.

A RESOLUTION OF THE CITY

TEMECULA MAKING FINDINGS

APPROVING THE ISSUANCE OF

PUBLIC FINANCING AUTHORITY
RESOLUTION NO. TPFA

COUNCIL OF THE CITY OF

WITH RESPECT TO AND

BONDS BY THE TEMECULA

A RESOLUTION OF THE BOARD OF DIRECTORS OF THE

TEMECULA PUBLIC FINANCING AUTHORITY AUTHORIZING

THE ISSUANCE OF SPECIAL TAX BONDS FOR COMMUNITY
FACILITIES DISTRICT NO. 23-02 (PRADO), AND APPROVING

OTHER RELATED DOCUMENTS AND ACTIONS
Attachments: Agenda Report
City Council Resolution - Issuance of Bonds
TPFA Resolution - Issuance of Special Tax Bonds
Fiscal Agent Agreement
Preliminary Official Statement
Bond Purchase Agreement
First Amendment to Acquisition Agreement

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City Council
Agenda September 23, 2025

TPFA EXECUTIVE DIRECTOR REPORT

TPFA BOARD OF DIRECTOR REPORTS

TPFA ADJOURNMENT
The next regular meeting of the Temecula Public Financing Authority will be held on Tuesday, October 14, 2025, at 2:00 p.m., for a Closed Session, with regular session commencing at 3:00 p.m., at the Council Chambers located at 41000 Main Street, Temecula, California.

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City Council Agenda September 23, 2025

RECONVENE TEMECULA CITY COUNCIL

BUSINESS
Any member of the public may address the City Council on items that appear on the Business portion of the agenda. Each speaker is limited to 5 minutes. Public comments may be made in person at the meeting by submitting a speaker card to the City Clerk. Speaker cards will be called in the order received. Still images may be displayed on the projector. All other audio and visual use is prohibited.

15. Appoint Members to Serve on the General Plan Advisory Committee Recommendation: That the City Council appoint members to serve on the General Plan Advisory Committee.

Attachments: Agenda Report
Application Packet

16. Receive Report and Adopt General Plan Update Community Outreach Program Recommendation: That the City Council adopt a resolution entitled:

RESOLUTION NO.

A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF

TEMECULA ADOPTING THE GENERAL PLAN UPDATE

COMMUNITY OUTREACH PROGRAM
Attachments: Agenda Report
Resolution
General Plan Update Community Outreach Program

17. Consider Adoption of Resolution Opposing Proposition 50 - "The Election Rigging Response Act" (At the Request of Mayor Pro Tempore Alexander)
Recommendation: That the City Council adopt a resolution entitled:

RESOLUTION NO.

A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
TEMECULA OPPOSING PROPOSITION 50 - "THE ELECTION
RIGGING RESPONSE ACT"
Attachments: Agenda Report
Legislative Packet
Resolution

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City Council Agenda September 23, 2025

DEPARTMENTAL REPORTS (RECEIVE AND FILE)

18. Community Development Department Monthly Report
Attachments: Agenda Report
Planning Activity Report

19. Fire Department Monthly Report
Attachments: Agenda Report
Monthly Report

20. Police Department Monthly Report
Attachments: Agenda Report
Police Monthly Report

21. Public Works Department Monthly Report
Attachments: Agenda Report
Project Status Report

ITEMS FOR FUTURE CITY COUNCIL AGENDAS
Any Council Member, including the Mayor, may request an item be placed on a future agenda. Any such request will be discussed under this section. In making the request, a Council Member may briefly describe the topic of the proposed agenda item and any timing associated with the placement of the item on the agenda. This description shall not exceed 3 minutes. No substantive discussion on the subject of the motion may occur. Items may only be placed on the agenda by Council Members pursuant to policy or by the City Manager based on administrative or operational needs of the City. Public comments on the placement of these agenda items shall be limited to a maximum of 30 minutes. Individual comments shall not exceed 3 minutes. All public participation is governed by the Council Policy regarding Public Participation at Meetings and Agenda Placements by Council Members adopted by Resolution No. 2021-54.

CITY MANAGER REPORT

CITY ATTORNEY REPORT

ADJOURNMENT
The next regular meeting of the City Council will be held on Tuesday, October 14, 2025, at 2:00 p.m., for a Closed Session, with regular session commencing at 3:00 p.m., at the Council Chambers located at 41000 Main Street, Temecula, California.

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City Council
Agenda September 23, 2025

NOTICE TO THE PUBLIC
The full agenda packet (including staff reports, public closed session information, and any supplemental material available after the original posting of the agenda), distributed to a majority of the City Council regarding any item on the agenda, will be available for public viewing in the main reception area of the Temecula Civic Center during normal business hours at least 72 hours prior to the meeting. The material will also be available on the City's website at TemeculaCa.gov. and available for review at the respective meeting. If you have questions regarding any item on the agenda, please contact the City Clerk's Department at (951) 694-6444.

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Item No. 1

CITY OF TEMECULA

AGENDA REPORT
TO: City Manager/City Council
FROM: Randi Johl, Director of Legislative Affairs/City Clerk DATE: September 23, 2025
SUBJECT: Waive Reading of Title and Text of All Ordinances and Resolutions Included in the Agenda
PREPARED BY: Randi Johl, Director of Legislative Affairs/City Clerk RECOMMENDATION: That the City Council waive the reading of the title and text of all ordinances and resolutions included in the agenda.

BACKGROUND: The City of Temecula is a general law city formed under the laws of the State of California. With respect to adoption of ordinances and resolutions, the City adheres to the requirements set forth in the Government Code. In accordance with Government Code Section 34934, the title of each ordinance is included on the published agenda and a copy of the full ordinance has been available to the public online on the City's website and will be available in print at the meeting prior to the introduction or passage of the ordinance. Unless otherwise required, the full reading of the title and text of all ordinances and resolutions is waived.

FISCAL IMPACT: None
ATTACHMENTS: None

Item No. 2

ACTION MINUTES

TEMECULA CITY COUNCIL

REGULAR MEETING

COUNCIL CHAMBERS
41000 MAIN STREET

TEMECULA, CALIFORNIA
SEPTEMBER 9, 2025 - 3:00 PM
CALL TO ORDER at 3:00 PM: Mayor Brenden Kalfus
INVOCATION: Aaron Adams, City Manager
FLAG SALUTE: Mayor Brenden Kalfus
ROLL CALL: Alexander, Kalfus, Rahn, Schwank, Stewart

PRESENTATIONS
Certificate of Recognition for the Marine Corp Color Guard Team for 1 st DSB (SSgt Eric Johnson, Jr., Sgt Denzel Thomas, Sgt Dylan White, LCpI Miguel Medina, and LCpI Bayron Gonzalez)

BOARD / COMMISSION REPORTS
Community Services Commission

PUBLIC SAFETY REPORT
County of Riverside, Sheriffs Department

PUBLIC COMMENTS - NON -AGENDA ITEMS
The following individual(s) addressed the City Council:
• Javier Enriquez • Adam Eventov
• Susan Whitten • Upneet Dhaliwal

CITY COUNCIL REPORTS

CONSENT CALENDAR
Unless otherwise indicated below, the following pertains to all items on the Consent Calendar.

Approved the Staff Recommendation (5-0): Motion by Stewart, Second by Schwank. The vote reflected unanimous approval.

1. Waive Reading of Title and Text of All Ordinances and Resolutions Included in the Agenda Recommendation:

That the City Council waive the reading of the title and text of all ordinances and resolutions included in the agenda.

2. Approve Action Minutes of August 26, 2025 and September 2, 2025

Recommendation: That the City Council approve the action minutes of August 26, 2025 and September 2, 2025.

3. Approve List of Demands
Recommendation: That the City Council adopt a resolution entitled:

RESOLUTION NO. 2025-58

A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF

TEMECULA ALLOWING CERTAIN CLAIMS AND DEMANDS AS

SET FORTH IN EXHIBIT A

4. Approve City Treasurer's Report for the Period of June 1, 2025 through June 30, 2025 Recommendation: That the City Council approve and file the City Treasurer's report for the period of June 1, 2025 through June 30, 2025.

5. Award Construction Contract to First Trade LLC dba YMC for Fire Station 84 Renovation, PW19-14
Recommendation: That the City Council:

1. Award a construction contract to First Trade LLC dba YMC in the amount of $2,088,326 for the Fire Station 84 Renovation, PW19-14; and

2. Authorize the City Manager to approve construction contract change orders up to 10% of the contract amount, $208,832.60.

6. Approve First Amendment to Agreement with Southstar Engineering & Consulting, Inc. for Consultant Services for the I-15 Congestion Relief Project, PW19-02 Recommendation: That the City Council approve the first amendment to the agreement with Southstar Engineering & Consulting, Inc., in an amount not to exceed $100,000, to provide continued professional construction management services for the I-15 Congestion Relief Project, PW19-02.

7. Approve Second Amendment to Agreement with CHA Consulting, Inc., formerly FALCON Engineering Services, Inc., for Consultant Services for the I-15/French Valley Parkway Improvements — Phase II, PW 16-01
Recommendation: That the City Council approve the second amendment to the agreement with CHA Consulting, Inc., formerly FALCON Engineering Services, Inc. in an amount not to exceed $500,000, to provide continued professional construction management services for the I-15/French Valley Parkway Improvements - Phase II project, PW 16-01.

8. Approve Second Amendment to Agreement with Bio Tox Laboratories for Toxicology and Lab Services

Recommendation: That the City Council approve the second amendment to the agreement with Bio Tox Laboratories Inc. for toxicology and lab services, to increase the payment in the amount of $225,000 for a total agreement amount of $670,000, and to extend the term to June 30, 2028.

9. Approve Eighth Amendment to Agreement with David Evans and Associates, Inc. for the Diaz Road Expansion Project, PW17-25
Recommendation: That the City Council:

1. Approve the eighth amendment to the agreement with David Evans and Associates, Inc., to increase the contingency by $200,000 in support of the professional design and environmental services of the Diaz Road Expansion Project, PW17-25; and

2. Increase the City Manager's authority to approve extra work authorizations by $200,000.

10. Approve Specifications and Authorize Solicitation of Construction Bids for Citywide Slurry Seal Program, PW25-06
Recommendation:

RECESS:

That the City Council:

1. Approve the specifications and authorize the Department of Public Works to solicit construction bids for the Citywide Slurry Seal Program, PW25-06; and

2. Make a finding that this project is exempt from California Environmental Quality Act (CEQA) per Article 19, Categorical Exemption, Section 15301, Existing Facilities, of the CEQA Guidelines.

At 3:33 PM, the City Council recessed and convened as the Temecula Community Services and the Temecula Public Financing Authority Meetings. At 3:37 PM the City Council resumed with the remainder of the City Council Agenda.

RECONVENE TEMECULA CITY COUNCIL

BUSINESS

14. Introduce Ordinance and Adopt Resolution Related to the Upcoming Recruitment of Members for the Planning Commission
Recommendation: That the City Council:

1. Introduce an ordinance entitled:

ORDINANCE NO. 2025-13

AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF
TEMECULA AMENDING SECTIONS 2.40.030, 2.40.050, 2.40.060, AND 2.40.100 OF THE TEMECULA MUNICIPAL CODE

RELATING TO THE QUALIFICATIONS, APPOINTMENT AND

REMOVAL, TERM AND COMPENSATION FOR CITY

COMMISSION MEMBERS

2. Adopt a resolution entitled:

RESOLUTION NO. 2025-59

A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF

TEMECULA RECONSTITUTING THE PLANNING COMMISSION

3. Authorize the recruitment for members of the Planning Commission to serve effective January 1, 2026.

Approved the Staff Recommendation (5-0): Motion by Stewart, Second by Rahn. The vote reflected unanimous approval.

15. Adopt Resolution Approving the Corporate Sponsorship Program at the Request of the Parks, Recreation, and Community Services Subcommittee (Council Members Schwank & Stewart) Recommendation: That the City Council adopt a resolution entitled:

RESOLUTION NO.2025-60

A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF

TEMECULA APPROVING THE CORPORATE SPONSORSHIP

PROGRAM AND AUTHORIZING CITY MANGER TO APPROVE

CORPORATE SPONSORSHIP AGREEMENTS AND BUDGET

ALLOCATIONS
Approved the Staff Recommendation (5-0): Motion by Stewart, Second by Alexander. The vote reflected unanimous approval.

PUBLIC COMMENTS - NON -AGENDA ITEMS - None

ITEMS FOR FUTURE CITY COUNCIL AGENDAS

1. Position Regarding Proposition 50
(5-0): Motion by Alexander, Second by Rahn. The vote reflected unanimous approval.

CITY MANAGER REPORT

CITY ATTORNEY REPORT
4 ADJOURNMENT
At 4:02 PM, the City Council meeting was formally adjourned to Tuesday, September 23, 2025, at 2:00 PM for Closed Session, with regular session commencing at 3:00 PM, City Council Chambers, 41000 Main Street, Temecula, California.

Brenden Kalfus, Mayor
ATTEST:

Randi Johl, City Clerk
[SEAL]

Item No. 3

CITY OF TEMECULA

AGENDA REPORT
TO: City Manager/City Council
FROM: Jennifer Hennessy, Director of Finance
DATE: September 23, 2025
SUBJECT: Approve List of Demands
PREPARED BY: Tricia Hawk, Finance Manager
RECOMMENDATION: That the City Council adopt a resolution entitled:

RESOLUTION NO.

A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF

TEMECULA ALLOWING CERTAIN CLAIMS AND DEMANDS

AS SET FORTH IN EXHIBIT A
BACKGROUND: All claims and demands are reported and summarized for review and approval by the City Council on a routine basis at each City Council meeting. The attached claims represent the paid claims and demands since the last City Council meeting.

FISCAL IMPACT: All claims and demands were paid from appropriated funds or authorized resources of the City and have been recorded in accordance with the City's policies and procedures.

ATTACHMENTS: 1. Resolution

2. List of Demands

RESOLUTION NO.2025-

A RESOLUTION OF THE CITY COUNCIL OF THE CITY

OF TEMECULA ALLOWING CERTAIN CLAIMS AND

DEMANDS AS SET FORTH IN EXHIBIT A

THE CITY COUNCIL OF THE CITY OF TEMECULA DOES HEREBY RESOLVE AS FOLLOWS:

Section 1. That the following claims and demands as set forth in Exhibit A, on file in the office of the City Clerk, has been reviewed by the City Manager's Office and that the same are hereby allowed in the amount of $2,938,878.35.

Section 2. The City Clerk shall certify the adoption of this resolution.

PASSED, APPROVED, AND ADOPTED by the City Council of the City of Temecula this 23rd day of September, 2025.

Brenden Kalfus, Mayor
ATTEST:

Randi Johl, City Clerk
[SEAL]

STATE OF CALIFORNIA )
COUNTY OF RIVERSIDE ) ss

CITY OF TEMECULA )
I, Randi Johl, City Clerk of the City of Temecula, do hereby certify that the foregoing Resolution No. 2025- was duly and regularly adopted by the City Council of the City of Temecula at a meeting thereof held on the 23rd day of September, 2025, by the following vote:

AYES: COUNCIL MEMBERS:

NOES: COUNCIL MEMBERS:

ABSTAIN: COUNCIL MEMBERS:

ABSENT: COUNCIL MEMBERS:

Randi Johl, City Clerk

CITY OF TEMECULA

LIST OF DEMANDS
08/23/2025 - 09/05/2025 TOTAL CHECK RUN: 2,052,084.63
08/28/2025 TOTAL PAYROLL RUN: 886,793.72
TOTAL LIST OF DEMANDS FOR 09/23/2025 COUNCIL MEETING: $ 2,938,878.35 08/23/2025 - 09/05/2025 APPROVED PURCHASE CARD DETAIL: 48,852.78

Check # Check Date Vendor # Vendor Name
Invoice
Description
Payment Type
Invoice Net
607071
8/28/2025
3624 ACE CAPITAL ENGINEERING
02 PEDESTRIAN RAMP UPGRADES CITYWIDE: PW23-11
EFT Posted
112,820.39
304717
9/4/2025
1206 AFLAC
Ben351123

AFLAC ACCIDENT INDEMNITY PAYMENT
Printed Check
3,105.20
18651
8/7/2025
1435 ALASKA AIRLINES
8505
AIRFARE: LOBBYING TRIP: CC
Credit Card
552.28
607150
9/4/2025
1512 ALLEGRO MUSICAL VENTURES INC
28428
PIANO TUNING SVCS: RHR LIBRARY: TCSD
EFT Posted
300.00
18619
8/7/2025
4288 ALLIANZ TRAVEL INSURANCE
8974
TRAVEL INSURANCE: LOBBYING: CC
Credit Card

35.00 18653
8/7/2025
4288 ALLIANZ TRAVEL INSURANCE
2244
TRAVEL INSURANCE: LOBBYING: CMO
Credit Card

30.38 607072
8/28/2025
1418 AMAZON
1MN6-F334-PWV7
SMALL TOOLS/EQUIPMENT: PD
EFT Posted
269.36
607072
8/28/2025
1418 AMAZON
19C9-QRDJ-MN9M
BOOK COLLECTIONS: RHR LIBRARY: TCSD
EFT Posted

23.53 607151
9/4/2025
1418 AMAZON
16L1-Q40V-LQGF
SMALL TOOLS/EQUIPMENT: PD
EFT Posted

27.99 607151
9/4/2025
1418 AMAZON
19PC-CDNH-13MH
BOOK COLLECTIONS: RHR LIBRARY: TCSD
EFT Posted
(10.88)
18617
8/7/2025
1403 AMERICAN AIRLINES
0353
AIRFARE: LOBBYING TRIP: CC
Credit Card
(608.37)
607073
8/28/2025
3880 AMERICAN FENCE COMPANY INC
2647050
FENCE RENTAL: NUISANCE ABATEMENT: COMDV
EFT Posted
4,039.20
607073
8/28/2025
3880 AMERICAN FENCE COMPANY INC
2643154b
FENCE RENTAL: NUISANCE ABATEMENT: COMDV
EFT Posted
476.42
607073
8/28/2025
3880 AMERICAN FENCE COMPANY INC
2643154a
FENCE RENTAL: NUISANCE ABATEMENT: COMDV
EFT Posted
416.78
607074
8/28/2025
1261 AMERICAN FORENSIC NURSES INC
79674
MAY/JUN 2025 DRUG/ALCOHOL ANALYSIS: PD
EFT Posted
1,058.01
607152
9/4/2025
1261 AMERICAN FORENSIC NURSES INC
79685
MAY/JUN 2025 DRUG/ALCOHOL ANALYSIS: PD
EFT Posted
344.54
607153
9/4/2025
1080 AMERICAN NATIONAL RED CROSS
22973542b
STAFF TRAINING AND CERTIFICATION: AQUATICS: TCSD
EFT Posted
1,594.80
607153
9/4/2025
1080 AMERICAN NATIONAL RED CROSS
22973542a
STAFF TRAINING AND CERTIFICATIONS: TCSD
EFT Posted
468.00
607076
8/28/2025
1805 AQUA CHILL OF SAN DIEGO
20083220
DRINKING WATER SYSTEM MAINT: CIVIC CENTER: PW
EFT Posted
223.00
607076
8/28/2025
1805 AQUA CHILL OF SAN DIEGO
20082862
DRINKING WATER SYSTEM MAINT: CIVIC CENTER: PW
EFT Posted
223.00
607076
8/28/2025
1805 AQUA CHILL OF SAN DIEGO
20083232
DRINKING WATER SYSTEM MAINT: MARGARITA PARK: PW
EFT Posted

94.00 607076
8/28/2025
1805 AQUA CHILL OF SAN DIEGO
20082876
DRINKING WATER SYSTEM MAINT: MARGARITA PARK: PW
EFT Posted

94.00 607076
8/28/2025
1805 AQUA CHILL OF SAN DIEGO
20082886
DRINKING WATER SYSTEM MAINT: SPORTS PARK: PW
EFT Posted

69.60 607076
8/28/2025
1805 AQUA CHILL OF SAN DIEGO
20083243
DRINKING WATER SYSTEM MAINT: SPORTS PARK: PW
EFT Posted

69.60 607076
8/28/2025
1805 AQUA CHILL OF SAN DIEGO
20083244
DRINKING WATER SYSTEM MAINT: CRC AQUATICS: PW
EFT Posted

64.00 607076
8/28/2025
1805 AQUA CHILL OF SAN DIEGO
20082887
DRINKING WATER SYSTEM MAINT: CRC AQUATICS: PW
EFT Posted

64.00 607076
8/28/2025
1805 AQUA CHILL OF SAN DIEGO
20082891
SVC CALL: CRC: PW
EFT Posted

50.00 607076
8/28/2025
1805 AQUA CHILL OF SAN DIEGO
20083223
DRINKING WATER SYSTEM MAINT: JRC: PW
EFT Posted

40.00 607077
8/28/2025
1805 AQUA CHILL OF SAN DIEGO
20082850
DRINKING WATER SYSTEM MAINT: MPSC: PW
EFT Posted

36.00 607077
8/28/2025
1805 AQUA CHILL OF SAN DIEGO
20083208
DRINKING WATER SYSTEM MAINT: MPSC: PW
EFT Posted

36.00 607077
8/28/2025
1805 AQUA CHILL OF SAN DIEGO
20082832
DRINKING WATER SYSTEM MAINT: FOC: PW
EFT Posted

30.00 607078
8/28/2025
1805 AQUA CHILL OF SAN DIEGO
20083191
DRINKING WATER SYSTEM MAINT: FOC: PW
EFT Posted

30.00 607077
8/28/2025
1805 AQUA CHILL OF SAN DIEGO
20083239
DRINKING WATER SYSTEM MAINT: HARVESTON PARK: PW
EFT Posted

30.00 607078
8/28/2025
1805 AQUA CHILL OF SAN DIEGO
20082881
DRINKING WATER SYSTEM MAINT: HARVESTON PARK: PW
EFT Posted

30.00 607078
8/28/2025
1805 AQUA CHILL OF SAN DIEGO
20082864
DRINKING WATER SYSTEM MAINT: JRC: PW
EFT Posted

30.00 607077
8/28/2025
1805 AQUA CHILL OF SAN DIEGO
20082866
DRINKING WATER SYSTEM MAINT: LIBRARY: PW
EFT Posted

30.00 607078
8/28/2025
1805 AQUA CHILL OF SAN DIEGO
20083225
DRINKING WATER SYSTEM MAINT: LIBRARY: PW
EFT Posted

30.00 607077
8/28/2025
1805 AQUA CHILL OF SAN DIEGO
20082889
DRINKING WATER SYSTEM MAINT: TCC: PW
EFT Posted

30.00 607077
8/28/2025
1805 AQUA CHILL OF SAN DIEGO
20083246
DRINKING WATER SYSTEM MAINT: TCC: PW
EFT Posted

30.00 607077
8/28/2025
1805 AQUA CHILL OF SAN DIEGO
20083194
DRINKING WATER SYSTEM MAINT: THEATER: PW
EFT Posted

30.00 607077
8/28/2025
1805 AQUA CHILL OF SAN DIEGO
20082835
DRINKING WATER SYSTEM MAINT: THEATER: PW
EFT Posted

30.00 607077
8/28/2025
1805 AQUA CHILL OF SAN DIEGO
20082873
DRINKING WATER SYSTEM MAINT: TVM: PW
EFT Posted

30.00 607078
8/28/2025
1805 AQUA CHILL OF SAN DIEGO
20083222
DRINKING WATER SYSTEM MAINT: TVM: PW
EFT Posted

30.00 607078
8/28/2025
1805 AQUA CHILL OF SAN DIEGO
20082863c
DRINKING WATER SYSTEM MAINT: CIP: PW
EFT Posted

10.00 607079
8/28/2025
1805 AQUA CHILL OF SAN DIEGO
20083221c
DRINKING WATER SYSTEM MAINT: CIP: PW
EFT Posted

10.00 607078
8/28/2025
1805 AQUA CHILL OF SAN DIEGO
20083221a
DRINKING WATER SYSTEM MAINT: LAND DEV: PW
EFT Posted

10.00 607078
8/28/2025
1805 AQUA CHILL OF SAN DIEGO
20082863a
DRINKING WATER SYSTEM MAINT: LAND DEV: PW
EFT Posted

10.00 607078
8/28/2025
1805 AQUA CHILL OF SAN DIEGO
20083221b
DRINKING WATER SYSTEM MAINT: TRAFFIC: PW
EFT Posted

10.00 607078
8/28/2025
1805 AQUA CHILL OF SAN DIEGO
20082863b
DRINKING WATER SYSTEM MAINT: TRAFFIC: PW
EFT Posted

10.00 607080
8/28/2025
2917 ARJONA GLORIA
Pert: 08/15/25
BRAZILIAN & LATIN JAZZ: TCSD
EFT Posted
1,102.50
304698
8/28/2025
2242 AT&T
539578
LOCATION/ACTIVATION FEES: PD
Printed Check
825.00
304698
8/28/2025
2242 AT&T
443646
LOCATION/ACTIVATION FEES: PD
Printed Check
170.00
304698
8/28/2025
2242 AT&T
423890
LOCATION/ACTIVATION FEES: PD
Printed Check
145.00
607154
9/4/2025
1405 B&H FOTO
236489787b
AV SYSTEM EQUIP: CHAPEL: ITSS
EFT Posted
2,467.65
607154
9/4/2025
1405 B&H FOTO
236489787a
AV SYSTEM EQUIP: CHAPEL: TCSD: ITSS
EFT Posted
1,750.00
607154
9/4/2025
1405 B&H FOTO
236428830
EQUIPMENT: PEG: ITSS
EFT Posted
1,706.14
607154
9/4/2025
1405 B&H FOTO
236427644
EQUIPMENT: PEG: ITSS
EFT Posted
181.23
304700
8/28/2025
1909 BAMM PROMOTIONAL PRODUCTS INC
13088
UNIFORMS: HUMAN SVCS: TCSD
Printed Check
2,776.28
304719
9/4/2025
2953 BIDS TACTICAL GEAR
28925
UNIFORMS: PD
Printed Check
649.79
607140
8/28/2025
3122 BEARD ESTRELLE
2250.201-2270.201b
INSTRUCTOR EARNINGS: TCSD
EFT Posted
875.00
607140
8/28/2025
3122 BEARD ESTRELLE
2250.201-2270.201a
INSTRUCTOR EARNINGS: TCSD
EFT Posted
637.00
607177
9/4/2025
3932 BEJAR LEE
Jul'25
JUL'25 BASKETBALL OFFICIATING: TCSD
EFT Posted
210.00
607081
8/28/2025
1101 BLUETRITON BRANDS INC
15H0028910578
WATER DELIVERY SVCS: FOC: PW
EFT Posted
533.64
607081
8/28/2025
1101 BLUETRITON BRANDS INC
051-16702622575
WATER DELIVERY SVCS: INCUBATOR: COMSP
EFT Posted
271.15
607081
8/28/2025
1101 BLUETRITON BRANDS INC
15G0028662112
WATER DELIVERY SVCS: PW
EFT Posted

43.08 607082
8/28/2025
3720 BOOT WORLD INC
114145
SAFETY FOOTWEAR: RM: HR
EFT Posted
170.17
607083
8/28/2025
1579 BOZONELOS BOB
Music Perf: 08/09/25
MUSIC PERFORMANCE: TVM: TCSD
EFT Posted
300.00
607084
8/28/2025
2415 BRAUN PETER
5454
AUG'25 PLANT MAINTENANCE: FACILITIES: PW
EFT Posted
500.00
607084
8/28/2025
2415 BRAUN PETER
5402
JUL'25 PLANT MAINTENANCE: FACILITIES: PW
EFT Posted
500.00
607084
8/28/2025
2415 BRAUN PETER
5457
AUG'25 PLANT MAINTENANCE: LIBRARY: PW
EFT Posted
200.00
607084
8/28/2025
2415 BRAUN PETER
5413
JUL'25 PLANT MAINTENANCE: LIBRARY: PW
EFT Posted
200.00

Check # Check Date Vendor # Vendor Name
Invoice
Description
Payment Type
Invoice Net
304699
8/28/2025
1669 BTAC UNITED ACQUISITION HOLDING
2039226217
BOOK COLLECTIONS: RHR LIBRARY: TCSD
Printed Check
1,968.72
304699
8/28/2025
1669 BTAC UNITED ACQUISITION HOLDING
2039223588
BOOK COLLECTIONS: RHR LIBRARY: TCSD
Printed Check
573.18
607085
8/28/2025
3978 BWW & COMPANY INC
8 PW17-28
YNEZ/RANCHO HIGHLANDS/TIERRA VISTA RD: PWSW02-01
EFT Posted
15,719.44
18579
7/31/2025
1573 CALIF DEPT OF CHILD SUPPORT
Ben351111

SUPPORT PAYMENT
Wire
1,267.54
18652
8/7/2025
3328 CALIFORNIA CITY MANAGEMENT FOUNDATION
3545
MEMBERSHIP RENEWAL: CIVIC,
Credit Card
400.00
607086
8/28/2025
1280 CDW LLC
AF4PG5M
NETWORKING EQUIP: POLICE: ITSS
EFT Posted
2,385.93
607086
8/28/2025
1280 CDW LLC
AF5J33N
NETWORKING EQUIP: POLICE: ITSS
EFT Posted
224.89
607086
8/28/2025
1280 CDW LLC
AF4FSIB
SMALL TOOLS/EQUIPMENT: ITSS
EFT Posted
208.67
607086
8/28/2025
1280 CDW LLC
AF4GL8G
NETWORKING EQUIP: POLICE: ITSS
EFT Posted
199.10
607086
8/28/2025
1280 CDW LLC
AF4DF4E
SMALL TOOLS/EQUIPMENT: ITSS
EFT Posted
138.11
607155
9/4/2025
1280 CDW LLC
AF56B21
SMALL TOOLS/EQUIPMENT: ITSS
EFT Posted
1,593.15
607155
9/4/2025
1280 CDW LLC
AF4XK4D
MONITOR REPLACEMENT: ITSS
EFT Posted
469.90
607155
9/4/2025
1280 CDW LLC
AF5M6613
SMALL TOOLS/EQUIPMENT: ITSS
EFT Posted
453.64
607155
9/4/2025
1280 CDW LLC
AF4TN2Z
SMALL TOOLS/EQUIPMENT: ITSS
EFT Posted
258.05
607155
9/4/2025
1280 CDW LLC
AF6JNIW
SMALL TOOLS/EQUIPMENT: ITSS
EFT Posted
257.61
607155
9/4/2025
1280 CDW LLC
AF5MN2F
SMALL TOOLS/EQUIPMENT: ITSS
EFT Posted
123.46
607087
8/28/2025
2373 CELLEBRITE INC
INVUS288606
STAFF TRAINING: PD
EFT Posted
4,607.50
304708
8/28/2025
100 CHAFFIN & REEVES
Refund: 08/13/25
REFUND: LAKE BOAT RENTAL PAYMENT: TCSD
Printed Check
384.00
607088
8/28/2025
3043 COMMERCIAL CLEANING BY ROGERS
12194
JANITORIAL SVCS: MALL & OTSF: PD
EFT Posted
833.33
304721
9/4/2025
1972 COOPERATIVE PERSONNEL SERVICES
OE-0019144
REGISTRATION: HR
Printed Check
210.00
607089
8/28/2025
1666 CORELOGIC INC
82262467
SFTWR SUBSCRIPTION: CODE ENFORCEMENT: COMDV
EFT Posted
328.50
607089
8/28/2025
1666 CORELOGIC INC
82255773
JUN SOFTWARE SUBSCRIPTION: CODE ENFORCEMENT: COMDV
EFT Posted
279.00
607090
8/28/2025
3130 CORTEZ GASTELUM MARIA VICTORIA
250607
NEWPAPERS: MPSC: TCSD
EFT Posted
118.75
607090
8/28/2025
3130 CORTEZ GASTELUM MARIA VICTORIA
250705a
NEWPAPERS: MPSC: TCSD
EFT Posted
100.00
607090
8/28/2025
3130 CORTEZ GASTELUM MARIA VICTORIA
250705b
NEWPAPERS: MPSC: TCSD
EFT Posted

18.75 607091
8/28/2025
1849 COSTAR REALTY INFORMATION INC
122511964
MONTHLY LICENSE FEE: COMSP
EFT Posted
1,420.68
304720
9/4/2025
1916 COUNTY OF LOS ANGELES
260109
EQUIPMENT CALIBRATION: PD
Printed Check
126.99
607156
9/4/2025
2004 COX KRISTI
4190.202
INSTRUCTOR EARNINGS: TCSD
EFT Posted
490.00
607156
9/4/2025
2004 COX KRISTI
9000.201
INSTRUCTOR EARNINGS: TCSD
EFT Posted
150.00
607157
9/4/2025
3607 CROWN CASTLE INC
1913518
FIBER SVCS: 44900 TEMECULA LANE: ITSS
EFT Posted
550.00
304701
8/28/2025
3209 DATA PROCESSING DESIGN INC
EGOLD-12137440
CLOUD FAXING SERVICE: ITSS
Printed Check

75.99 304722
9/4/2025
1177 DAVID TURCH AND ASSOCIATES
Ju1'25
FEDERAL LEGISLATIVE CONSULTANT SVCS: COMSP
Printed Check
5,500.00
18618
8/7/2025
3688 DELTA AIRLINES
4268
AIRFARE: LOBBYING TRIP: CC
Credit Card
636.37
607093
8/28/2025
1235 DIAMOND ENVIRONMENTAL SERVICES
0006343874
PORTABLE RESTROOM RENTAL: VARIOUS PARK: PW
EFT Posted
1,389.39
607093
8/28/2025
1235 DIAMOND ENVIRONMENTAL SERVICES
0006343877
PORTABLE RESTROOM RENTAL: VARIOUS PARK: PW
EFT Posted
165.88
607093
8/28/2025
1235 DIAMOND ENVIRONMENTAL SERVICES
0006334830
PORTABLE RESTROOM RENTAL: VARIOUS PARK: PW
EFT Posted
160.88
607093
8/28/2025
1235 DIAMOND ENVIRONMENTAL SERVICES
0006343876
PORTABLE RESTROOM RENTAL: VARIOUS PARK: PW
EFT Posted
110.88
607093
8/28/2025
1235 DIAMOND ENVIRONMENTAL SERVICES
0006343875
PORTABLE RESTROOM RENTAL: VARIOUS PARK: PW
EFT Posted
110.88
607093
8/28/2025
1235 DIAMOND ENVIRONMENTAL SERVICES
0006343873
PORTABLE RESTROOM RENTAL: VARIOUS PARK: PW
EFT Posted
110.88
607093
8/28/2025
1235 DIAMOND ENVIRONMENTAL SERVICES
0006363198
FENCE RENTAL SVCS: JRC: PW
EFT Posted

88.21 607094
8/28/2025
1254 DOWNS ENERGY FUEL
CL01975
FUEL FOR CITY VEHICLES: PARK MAINT: PW
EFT Posted
2,145.15
607094
8/28/2025
1254 DOWNS ENERGY FUEL
CL03313
FUEL FOR CITY VEHICLES: PARK MAINT: PW
EFT Posted
1,695.21
607094
8/28/2025
1254 DOWNS ENERGY FUEL
CL03319
FUEL FOR CITY VEHICLES: STREET MAINT: PW
EFT Posted
1,298.27
607094
8/28/2025
1254 DOWNS ENERGY FUEL
CL01979
FUEL FOR CITY VEHICLES: CIP: PW
EFT Posted
353.54
607094
8/28/2025
1254 DOWNS ENERGY FUEL
CL03327
FUEL FOR CITY VEHICLES: TRAFFIC: PW
EFT Posted
305.09
607094
8/28/2025
1254 DOWNS ENERGY FUEL
CL03328
FUEL FOR CITY VEHICLES: TCSD
EFT Posted
289.18
607094
8/28/2025
1254 DOWNS ENERGY FUEL
CL02646
FUEL FOR CITY VEHICLES: FIRE
EFT Posted
217.21
607094
8/28/2025
1254 DOWNS ENERGY FUEL
CL00529
FUEL FOR CITY VEHICLES: CODE ENFORCEMENT: BLDSF
EFT Posted
148.16
607094
8/28/2025
1254 DOWNS ENERGY FUEL
CL01977
FUEL FOR CITY VEHICLES: CODE ENFORCEMENT: BLDSF
EFT Posted
144.37
607094
8/28/2025
1254 DOWNS ENERGY FUEL
CL03318
FUEL FOR CITY VEHICLES: CIP: PW
EFT Posted
105.07
607095
8/28/2025
1254 DOWNS ENERGY FUEL
CL03314
FUEL FOR CITY VEHICLES: LAND DEV: PW
EFT Posted
103.26
607095
8/28/2025
1254 DOWNS ENERGY FUEL
CL03316
FUEL FOR CITY VEHICLES: CODE ENFORCEMENT: BLDSF
EFT Posted

48.72 607095
8/28/2025
1254 DOWNS ENERGY FUEL
CL03315
FUEL FOR CITY VEHICLES: PD
EFT Posted

41.68 607158
9/4/2025
1254 DOWNS ENERGY FUEL
CL04697
FUEL FOR CITY VEHICLES: TCSD
EFT Posted
447.03
607158
9/4/2025
1254 DOWNS ENERGY FUEL
CL04680
FUEL FOR CITY VEHICLES: PD
EFT Posted

25.68 607096
8/28/2025
2258 ECONOMIC ALTERNATIVES INC
CINV51831
WATER SYSTEMS MONITORING: FACILITIES: PW
EFT Posted
654.72
304716
8/28/2025
1381 EE VENDOR #1381
Cmptr Loan 08/14/25
COMPUTER LOAN PRGM: 08/14/25
Printed Check
869.99
304725
9/4/2025
4344 EE VENDOR #4344
Reimb: 08/25/25
REIMB: MEDIC LUNCH MTG: FIRE
Printed Check
104.38
607097
8/28/2025
2031 ELITE CLAIMS MANAGEMENT INC
2025-840
JUL'25 3RD PARTY CLAIM ADMIN: WC: HR
EFT Posted
1,250.00
607098
8/28/2025
1156 ENGINEERING RESOURCES OF SOUTHERN CA
61691
ENGINEERING CONSULTANT SVCS: PW20-11
EFT Posted
467.50
607099
8/28/2025
2116 FALCON ENGINEERING SERVICES
2025-07 15-79LS
CONSTRUCTION MGT SVCS: 1-15 STATE RT 79 S: PW17-19
EFT Posted
53,658.75
607159
9/4/2025
2116 FALCON ENGINEERING SERVICES
2025-7
1-151 FRENCH VALLEY PKWY IMPROVEMENTS: PW16-01
EFT Posted
166,941.38
304723
9/4/2025
1219 FINE ARTS NETWORK
Perf: 08/23-08125
STTLMNT: A NIGHT WITH JASON ROBERT BROWN: TCSD
Printed Check
1,154.25
607100
8/28/2025
2643 FORENSIC NURSING OF SOCAL INC
3012
SART EXAMS: PD
EFT Posted
1,200.00
607101
8/28/2025
1875 FREIZE UHLER KIMBERLY
9871 Revise
PROMOTIONAL ITEMS: ECDEV: COMSP
EFT Posted
19,852.78
607101
8/28/2025
1875 FREIZE UHLER KIMBERLY
9874757677 Revise
PROMOTIONAL ITEMS: ECDEV: COMSP
EFT Posted
2,594.75
607160
9/4/2025
1875 FREIZE UHLER KIMBERLY
9962636465
PROMOTIONAL ITEMS: TVE2 INCUBATOR: COMSP
EFT Posted
2,081.19
304724
9/4/2025
1497 FULL COMPASS SYSTEMS
INCO2711648
STAGE AND LIGHTING SUPPLIES: THEATER: TCSD
Printed Check
135.10
607102
8/28/2025
2374 GEORGE HILLS COMPANY INC
INV1032546
CLAIMS TPA: RISK: HR
EFT Posted
1,217.80
607103
8/28/2025
3749 GHD INC
380-0075588
DE PORTOLA RD/JEDEDIAH SMITH RD: PW23-01
EFT Posted
2,885.04
607161
9/4/2025
4133 GLOBAL INVESTIGATIVE SERVICES INC
103449
TENANT TRACKING SVCS: TVE2: COMSP
EFT Posted
188.75

Check # Check Date Vendor # Vendor Name
Invoice
Description
Payment Type
Invoice Net
607104
8/28/2025
1554 GOFORTH AND MARTI
0304872-IN
FURNITURE REUPHOLSTERY: RHRTPL: TCSD
EFT Posted
8,338.05
607104
8/28/2025
1554 GOFORTH AND MARTI
0304873-IN
FURNITURE REUPHOLSTERY: RHRTPL: TCSD
EFT Posted
1,652.42
18698
8/22/2025
1197 HABITAT FOR HUMANITY INLAND VALLEY INC
Refund: BLO 31945
REFUND: BUSINESS LICENSE FEE: FIN
Wire

70.00 18645
8/7/2025
1009 HANKS HARDWARE INC
2641 06/18/25
TOOLS/SUPPLIES: FIRE
Credit Card

31.50 607105
8/28/2025
1056 HDL COREN AND CONE
SIN052810
PROPERTY TAX CONSULTING: FIN
EFT Posted
7,333.15
607162
9/4/2025
1056 HDL COREN AND CONE
SIN052975
24/25 ACFR STATISTICAL PACKAGE: FIN
EFT Posted
795.00
607106
8/28/2025
1093 HEALTHPOINTE MEDICAL GROUP INC
42612-4646835
MEDICAL EMPLOYMENT SCREENING: HR
EFT Posted
240.00
607163
9/4/2025
1791 HELIXSTORM
17509 Revised
INFRASTRUCTURE SUPPORT: ITSS
EFT Posted
5,325.00
607118
8/28/2025
3994 HTV NUVENTURES CORP
70431
BUSINESS CARDS: PW
EFT Posted
157.52
607164
9/4/2025
3911 IMEG CONSULTANTS CORP
24003461.02 -6
ENGINEERING SVCS: STORM DRAIN PIPE LINING: PWSD-23
EFT Posted
2,215.00
607107
8/28/2025
1352 INLAND EMPIRE PROPERTY SERVICES INC
41185
WEED ABATEMENT: CODE ENF: COMDV
EFT Posted
1,817.50
607107
8/28/2025
1352 INLAND EMPIRE PROPERTY SERVICES INC
41174
WEED ABATEMENT: CODE ENF: COMDV
EFT Posted
1,625.00
607107
8/28/2025
1352 INLAND EMPIRE PROPERTY SERVICES INC
41188
WEED ABATEMENT: CODE ENF: COMDV
EFT Posted
1,625.00
607107
8/28/2025
1352 INLAND EMPIRE PROPERTY SERVICES INC
41187
WEED ABATEMENT: CODE ENF: COMDV
EFT Posted
1,625.00
607107
8/28/2025
1352 INLAND EMPIRE PROPERTY SERVICES INC
41167
WEED ABATEMENT: CODE ENF: COMDV
EFT Posted
1,612.00
607107
8/28/2025
1352 INLAND EMPIRE PROPERTY SERVICES INC
41172
WEED ABATEMENT: CODE ENF: COMDV
EFT Posted
1,495.00
607107
8/28/2025
1352 INLAND EMPIRE PROPERTY SERVICES INC
41195
WEED ABATEMENT: CODE ENF: COMDV
EFT Posted
1,150.00
607107
8/28/2025
1352 INLAND EMPIRE PROPERTY SERVICES INC
41194
WEED ABATEMENT: CODE ENF: COMDV
EFT Posted
1,125.00
607107
8/28/2025
1352 INLAND EMPIRE PROPERTY SERVICES INC
41192
WEED ABATEMENT: CODE ENF: COMDV
EFT Posted
1,025.00
607107
8/28/2025
1352 INLAND EMPIRE PROPERTY SERVICES INC
41176
WEED ABATEMENT: CODE ENF: COMDV
EFT Posted
942.00
607108
8/28/2025
1352 INLAND EMPIRE PROPERTY SERVICES INC
41196
WEED ABATEMENT: CODE ENF: COMDV
EFT Posted
825.00
607108
8/28/2025
1352 INLAND EMPIRE PROPERTY SERVICES INC
41166
WEED ABATEMENT: CODE ENF: COMDV
EFT Posted
814.50
607108
8/28/2025
1352 INLAND EMPIRE PROPERTY SERVICES INC
41186
WEED ABATEMENT: CODE ENF: COMDV
EFT Posted
692.50
607108
8/28/2025
1352 INLAND EMPIRE PROPERTY SERVICES INC
41200
WEED ABATEMENT: CODE ENF: COMDV
EFT Posted
655.00
607108
8/28/2025
1352 INLAND EMPIRE PROPERTY SERVICES INC
41165
WEED ABATEMENT: CODE ENF: COMDV
EFT Posted
587.00
607108
8/28/2025
1352 INLAND EMPIRE PROPERTY SERVICES INC
41178
WEED ABATEMENT: CODE ENF: COMDV
EFT Posted
532.00
607108
8/28/2025
1352 INLAND EMPIRE PROPERTY SERVICES INC
41181
WEED ABATEMENT: CODE ENF: COMDV
EFT Posted
520.00
607108
8/28/2025
1352 INLAND EMPIRE PROPERTY SERVICES INC
41177
WEED ABATEMENT: CODE ENF: COMDV
EFT Posted
504.50
607108
8/28/2025
1352 INLAND EMPIRE PROPERTY SERVICES INC
41168
WEED ABATEMENT: CODE ENF: COMDV
EFT Posted
482.50
607108
8/28/2025
1352 INLAND EMPIRE PROPERTY SERVICES INC
41146
WEED ABATEMENT: CODE ENF: COMDV
EFT Posted
475.00
607109
8/28/2025
1352 INLAND EMPIRE PROPERTY SERVICES INC
41183
WEED ABATEMENT: CODE ENF: COMDV
EFT Posted
445.00
607109
8/28/2025
1352 INLAND EMPIRE PROPERTY SERVICES INC
41190
WEED ABATEMENT: CODE ENF: COMDV
EFT Posted
445.00
607109
8/28/2025
1352 INLAND EMPIRE PROPERTY SERVICES INC
41156
WEED ABATEMENT: CODE ENF: COMDV
EFT Posted
425.00
607109
8/28/2025
1352 INLAND EMPIRE PROPERTY SERVICES INC
41157
WEED ABATEMENT: CODE ENF: COMDV
EFT Posted
425.00
607109
8/28/2025
1352 INLAND EMPIRE PROPERTY SERVICES INC
41158
WEED ABATEMENT: CODE ENF: COMDV
EFT Posted
425.00
607109
8/28/2025
1352 INLAND EMPIRE PROPERTY SERVICES INC
41159
WEED ABATEMENT: CODE ENF: COMDV
EFT Posted
425.00
607109
8/28/2025
1352 INLAND EMPIRE PROPERTY SERVICES INC
41161
WEED ABATEMENT: CODE ENF: COMDV
EFT Posted
425.00
607109
8/28/2025
1352 INLAND EMPIRE PROPERTY SERVICES INC
41160
WEED ABATEMENT: CODE ENF: COMDV
EFT Posted
425.00
607109
8/28/2025
1352 INLAND EMPIRE PROPERTY SERVICES INC
41155
WEED ABATEMENT: CODE ENF: COMDV
EFT Posted
425.00
607109
8/28/2025
1352 INLAND EMPIRE PROPERTY SERVICES INC
41162
WEED ABATEMENT: CODE ENF: COMDV
EFT Posted
425.00
607110
8/28/2025
1352 INLAND EMPIRE PROPERTY SERVICES INC
41163
WEED ABATEMENT: CODE ENF: COMDV
EFT Posted
425.00
607110
8/28/2025
1352 INLAND EMPIRE PROPERTY SERVICES INC
41154
WEED ABATEMENT: CODE ENF: COMDV
EFT Posted
425.00
607110
8/28/2025
1352 INLAND EMPIRE PROPERTY SERVICES INC
41150
WEED ABATEMENT: CODE ENF: COMDV
EFT Posted
404.50
607110
8/28/2025
1352 INLAND EMPIRE PROPERTY SERVICES INC
41171
WEED ABATEMENT: CODE ENF: COMDV
EFT Posted
377.00
607110
8/28/2025
1352 INLAND EMPIRE PROPERTY SERVICES INC
41175
WEED ABATEMENT: CODE ENF: COMDV
EFT Posted
322.00
607110
8/28/2025
1352 INLAND EMPIRE PROPERTY SERVICES INC
41169
WEED ABATEMENT: CODE ENF: COMDV
EFT Posted
310.00
607110
8/28/2025
1352 INLAND EMPIRE PROPERTY SERVICES INC
41191
WEED ABATEMENT: CODE ENF: COMDV
EFT Posted
310.00
607110
8/28/2025
1352 INLAND EMPIRE PROPERTY SERVICES INC
41145
WEED ABATEMENT: CODE ENF: COMDV
EFT Posted
275.00
607110
8/28/2025
1352 INLAND EMPIRE PROPERTY SERVICES INC
41179
WEED ABATEMENT: CODE ENF: COMDV
EFT Posted
275.00
607110
8/28/2025
1352 INLAND EMPIRE PROPERTY SERVICES INC
41173
WEED ABATEMENT: CODE ENF: COMDV
EFT Posted
275.00
607111
8/28/2025
1352 INLAND EMPIRE PROPERTY SERVICES INC
41198
WEED ABATEMENT: CODE ENF: COMDV
EFT Posted
275.00
607111
8/28/2025
1352 INLAND EMPIRE PROPERTY SERVICES INC
41199
WEED ABATEMENT: CODE ENF: COMDV
EFT Posted
275.00
607111
8/28/2025
1352 INLAND EMPIRE PROPERTY SERVICES INC
41197
WEED ABATEMENT: CODE ENF: COMDV
EFT Posted
275.00
607111
8/28/2025
1352 INLAND EMPIRE PROPERTY SERVICES INC
41149
WEED ABATEMENT: CODE ENF: COMDV
EFT Posted
275.00
607111
8/28/2025
1352 INLAND EMPIRE PROPERTY SERVICES INC
41201
WEED ABATEMENT: CODE ENF: COMDV
EFT Posted
275.00
607111
8/28/2025
1352 INLAND EMPIRE PROPERTY SERVICES INC
41147
WEED ABATEMENT: CODE ENF: COMDV
EFT Posted
275.00
607111
8/28/2025
1352 INLAND EMPIRE PROPERTY SERVICES INC
41164
WEED ABATEMENT: CODE ENF: COMDV
EFT Posted
222.00
607111
8/28/2025
1352 INLAND EMPIRE PROPERTY SERVICES INC
41170
WEED ABATEMENT: CODE ENF: COMDV
EFT Posted
197.00
607111
8/28/2025
1352 INLAND EMPIRE PROPERTY SERVICES INC
41144
WEED ABATEMENT: CODE ENF: COMDV
EFT Posted
197.00
607111
8/28/2025
1352 INLAND EMPIRE PROPERTY SERVICES INC
41148
WEED ABATEMENT: CODE ENF: COMDV
EFT Posted
197.00
607112
8/28/2025
1352 INLAND EMPIRE PROPERTY SERVICES INC
41153
WEED ABATEMENT: CODE ENF: COMDV
EFT Posted
197.00
607112
8/28/2025
1352 INLAND EMPIRE PROPERTY SERVICES INC
41180
WEED ABATEMENT: CODE ENF: COMDV
EFT Posted
197.00
607113
8/28/2025
2564 INLAND FLEET SOLUTIONS INC
9607
REPAIR & MAINTENANCE - VEHICLE: STREETS: PW
EFT Posted
440.61
607113
8/28/2025
2564 INLAND FLEET SOLUTIONS INC
9671
REPAIR & MAINTENANCE - VEHICLE: STREETS: PW
EFT Posted
433.13
607113
8/28/2025
2564 INLAND FLEET SOLUTIONS INC
9606
REPAIR & MAINTENANCE - VEHICLE: STREETS: PW
EFT Posted
346.50
607113
8/28/2025
2564 INLAND FLEET SOLUTIONS INC
9605
REPAIR & MAINTENANCE - VEHICLE: STREETS: PW
EFT Posted
173.25
304729
9/4/2025
1533 INLAND VALLEY CLASSICAL BALLET THEATRE
Perf: 08/23-08/24/25
BEAUTY & THE BEAST BALLET: TCSD
Printed Check
9,316.99
607165
9/4/2025
1396 INNOVATIVE DOCUMENT SOLUTIONS
272491
COPIER REPAIRS AND MAINT: CITYWIDE: ITSS
EFT Posted
7,050.92
304703
8/28/2025
1921 INSIGHT PUBLIC SECTOR INC
1101301551
PRINTER: FIN
Printed Check
1,995.07
18578
7/31/2025
1047 INSTATAX EDD
Ben351109

STATE TAX PAYMENT
Wire
53,558.68
18577
7/31/2025
1027 INSTATAX IRS
Ben351107

FEDERAL TAX PAYMENT
Wire
162,792.19

Check # Check Date Vendor # Vendor Name
Invoice
Description
Payment Type
Invoice Net
607075
8/28/2025
3035 INTERFLEX PAYMENT LLC
Ben351141

FLEXIBLE SPENDING ACCOUNT
EFT Posted
28,422.46
607075
8/28/2025
3035 INTERFLEX PAYMENT LLC
INV891262
FSA & COBRA SVCS: HR
EFT Posted
476.50
607114
8/28/2025
2085 INTERPRETERS UNLIMITED
433127
JULY 2025 TRANSLATION SVCS: PD
EFT Posted

85.50 607125
8/28/2025
3971 KELLY JOHN
PERF: 08/08/25
TICKET SALES AGREEMENT: FRIDAY NIGHT LIVE: TCSD
EFT Posted
162.47
304704
8/28/2025
1933 KELLY SPICERS INC
12006936
PAPER SUPPLIES: CENTRAL SVCS: ITSS
Printed Check
1,562.04
304704
8/28/2025
1933 KELLY SPICERS INC
12006831
PAPER SUPPLIES: CENTRAL SVCS: ITSS
Printed Check

66.40 304705
8/28/2025
1136 LAKE ELSINORE ANIMAL FRIENDS
Aug'25
AUG'25 ANIMAL CONTROL SVCS: COMDV
Printed Check
11,252.19
304705
8/28/2025
1136 LAKE ELSINORE ANIMAL FRIENDS
Jul '25
JUL'25 ANIMAL CONTROL SVCS: COMDV
Printed Check
11,252.19
607115
8/28/2025
2278 LESO PAMELA
9449
CRIME PREVENTION SUPPLIES: PD
EFT Posted
952.77
607115
8/28/2025
2278 LESO PAMELA
9450
CRIME PREVENTION SUPPLIES: PD
EFT Posted
860.22
304706
8/28/2025
1923 LLOYDS DESIGNS
1292
GRAPHIC DESIGN SVCS: TCSD
Printed Check
3,000.00
607116
8/28/2025
2414 MARINA LANDSCAPE INC
252403-06
1-5/STATE ROUTE 79 SOUTH INTERSTATE: PW17-19
EFT Posted
148,823.80
607166
9/4/2025
2259 MICHELLE MEDINA
1040.201-1045.201
INSTRUCTOR EARNINGS: TCSD
EFT Posted
1,111.25
607117
8/28/2025
1327 MIKES PRECISION WELDING INC
408965
WELDING SVCS: PARKS: PW
EFT Posted
100.00
607167
9/4/2025
3093 MONUMENT ROW
3878R
CONSULTANT SVCS: OVERLAND DR WIDENING: PW20-11
EFT Posted
742.50
304707
8/28/2025
2032 NATIONAL SAFETY COMPLIANCE INC
38847
DOT ALCOHOL TESTING PROGRAM: HR
Printed Check
299.80
607119
8/28/2025
2578 NIEVES LANDSCAPE LLC
82197
CLEAN UP SVCS: SPECIAL EVENTS: TCSD
EFT Posted
18,153.99
607119
8/28/2025
2578 NIEVES LANDSCAPE LLC
82196
REMEDIAL LANDSCAPE SVCS: REDHAWK MEDIANS: PW
EFT Posted
3,200.00
607119
8/28/2025
2578 NIEVES LANDSCAPE LLC
82370
IRRIGATION REPAIRS: FRIENDSHIP PARK: PW
EFT Posted
2,250.00
607119
8/28/2025
2578 NIEVES LANDSCAPE LLC
82364
IRRIGATION REPAIRS: VAIL RANCH: PW
EFT Posted
866.37
607119
8/28/2025
2578 NIEVES LANDSCAPE LLC
82356
IRRIGATION REPAIRS: VAIL RANCH: PW
EFT Posted
769.78
607119
8/28/2025
2578 NIEVES LANDSCAPE LLC
82190
IRRIGATION REPAIRS: RIVERTON PARK: PW
EFT Posted
733.17
607119
8/28/2025
2578 NIEVES LANDSCAPE LLC
82195
IRRIGATION REPAIRS: PALOMA DEL SOL PARK: PW
EFT Posted
728.49
607119
8/28/2025
2578 NIEVES LANDSCAPE LLC
82194
IRRIGATION REPAIRS: RRSP: PW
EFT Posted
613.17
607119
8/28/2025
2578 NIEVES LANDSCAPE LLC
82368
IRRIGATION REPAIRS: RRSP: PW
EFT Posted
542.44
607119
8/28/2025
2578 NIEVES LANDSCAPE LLC
82361
IRRIGATION REPAIRS: RIVERTON PARK: PW
EFT Posted
509.02
607120
8/28/2025
2578 NIEVES LANDSCAPE LLC
82193
IRRIGATION REPAIRS: PAUBA RIDGE PARK: PW
EFT Posted
453.46
607120
8/28/2025
2578 NIEVES LANDSCAPE LLC
82366
IRRIGATION REPAIRS: TEMECULA CREEK & MEADOWS: PW
EFT Posted
400.00
607120
8/28/2025
2578 NIEVES LANDSCAPE LLC
82358
IRRIGATION REPAIRS: RANCHO CAL MEDIANS: PW
EFT Posted
388.70
607120
8/28/2025
2578 NIEVES LANDSCAPE LLC
82369
IRRIGATION REPAIRS: RRSP: PW
EFT Posted
386.43
607120
8/28/2025
2578 NIEVES LANDSCAPE LLC
82360
IRRIGATION REPAIRS: PASEO DEL SOL MEDIANS: PW
EFT Posted
359.89
607120
8/28/2025
2578 NIEVES LANDSCAPE LLC
82363
IRRIGATION REPAIRS: STEPHEN MICHAEL PARK: PW
EFT Posted
298.42
607120
8/28/2025
2578 NIEVES LANDSCAPE LLC
82357
IRRIGATION REPAIRS: VAIL RANCH: PW
EFT Posted
296.32
607120
8/28/2025
2578 NIEVES LANDSCAPE LLC
82191
IRRIGATION REPAIRS: RIVERTON PARK: PW
EFT Posted
272.99
607120
8/28/2025
2578 NIEVES LANDSCAPE LLC
82189
IRRIGATION REPAIRS: RIVERTON PARK: PW
EFT Posted
271.93
607120
8/28/2025
2578 NIEVES LANDSCAPE LLC
82354
IRRIGATION REPAIRS: MORRISON HOMES: PW
EFT Posted
229.06
607121
8/28/2025
2578 NIEVES LANDSCAPE LLC
82353
IRRIGATION REPAIRS: CIVIC CENTER: PW
EFT Posted
229.03
607121
8/28/2025
2578 NIEVES LANDSCAPE LLC
82359
IRRIGATION REPAIRS: BUTTERFIELD STAGE MEDIANS: PW
EFT Posted
174.29
607121
8/28/2025
2578 NIEVES LANDSCAPE LLC
82192
IRRIGATION REPAIRS: WINCHESTER CREEK PARK: PW
EFT Posted
147.72
607121
8/28/2025
2578 NIEVES LANDSCAPE LLC
82355
IRRIGATION REPAIRS: CHANTEMAR: PW
EFT Posted

97.61 607121
8/28/2025
2578 NIEVES LANDSCAPE LLC
82362
IRRIGATION REPAIRS: DUCK POND & PARK: PW
EFT Posted

97.61 607121
8/28/2025
2578 NIEVES LANDSCAPE LLC
82365
IRRIGATION REPAIRS: HARVESTON LAKE PARK: PW
EFT Posted

97.61 607121
8/28/2025
2578 NIEVES LANDSCAPE LLC
82367
IRRIGATION REPAIRS: SKYVIEW PARK: PW
EFT Posted

97.61 607168
9/4/2025
2578 NIEVES LANDSCAPE LLC
81538
LANDSCAPE SVCS: VARIOUS SITES: PW
EFT Posted
79,873.04
607168
9/4/2025
2578 NIEVES LANDSCAPE LLC
81904
LANDSCAPE MAINTENANCE SVCS: LEVEL C SLOPES: PW
EFT Posted
36,334.26
607168
9/4/2025
2578 NIEVES LANDSCAPE LLC
81905
LANDSCAPE MAINTENANCE SVCS: LEVEL C SLOPES: PW
EFT Posted
29,091.35
607123
8/28/2025
2496 OLD TOWN TIRE AND SERVICE INC
079968
REPAIR & MAINTENANCE - VEHICLE: PARKS: PW
EFT Posted
1,016.98
607123
8/28/2025
2496 OLD TOWN TIRE AND SERVICE INC
080017
REPAIR & MAINTENANCE - VEHICLE: PARKS & FACILITIES: PW
EFT Posted
817.92
607123
8/28/2025
2496 OLD TOWN TIRE AND SERVICE INC
079816
REPAIR & MAINTENANCE - VEHICLE: PARKS & FACILITIES: PW
EFT Posted
599.49
607123
8/28/2025
2496 OLD TOWN TIRE AND SERVICE INC
079813
REPAIR & MAINTENANCE - VEHICLE: PARKS & FACILITIES: PW
EFT Posted
482.52
607123
8/28/2025
2496 OLD TOWN TIRE AND SERVICE INC
079923
REPAIR & MAINTENANCE - VEHICLE: STREETS: PW
EFT Posted
317.83
607123
8/28/2025
2496 OLD TOWN TIRE AND SERVICE INC
080104
REPAIR & MAINTENANCE - VEHICLE: STREETS: PW
EFT Posted
283.45
607123
8/28/2025
2496 OLD TOWN TIRE AND SERVICE INC
080030
REPAIR & MAINTENANCE - VEHICLE: PARKS & FACILITIES: PW
EFT Posted
187.14
607123
8/28/2025
2496 OLD TOWN TIRE AND SERVICE INC
080175
REPAIR & MAINTENANCE - VEHICLE: STREETS: PW
EFT Posted

50.48 607123
8/28/2025
2496 OLD TOWN TIRE AND SERVICE INC
080172
REPAIR & MAINTENANCE - VEHICLE: STREETS: PW
EFT Posted

45.64 607123
8/28/2025
2496 OLD TOWN TIRE AND SERVICE INC
080088
REPAIR & MAINTENANCE - VEHICLE: PD
EFT Posted

29.87 607122
8/28/2025
3040 OLD TOWN WISE RIDERS INC
206552
REPAIR & MAINTENANCE - VEHICLE: PD
EFT Posted
1,176.66
607169
9/4/2025
3040 OLD TOWN WISE RIDERS INC
206959
REPAIR & MAINTENANCE - VEHICLE: PD
EFT Posted
1,063.94
18616
8/7/2025
1401 PAYPAL
4948
VERISIGN PAYFLOW PRO TRANSACTION: FIN
Credit Card

25.00 304709
8/28/2025
3462 PECHANGA RESORTS INC
1700.203-1710.203
INSTRUCTOR EARNINGS: TCSD
Printed Check
2,310.00
607124
8/28/2025
4315 PENDOLEY ANDREW L
1200
CONDUCT JOINT WORKSHOP: COMSP
EFT Posted
4,840.00
18691
7/15/2025
1017 PIERS EMPLOYEES RETIREMENT
Ben351154
FY 24125 - 1959 SURVIVOR BENEFIT
Wire
15,225.00
18576
7/31/2025
1017 PIERS EMPLOYEES RETIREMENT
Ben351105

PERS RETIREMENT PAYMENT
Wire
187,656.40
18649
8/7/2025
1020 PRESS ENTERPRISE COMPANY INC
6005
SUBSCRIPTION RENEWAL: CMO
Credit Card
221.00
18623
8/7/2025
1020 PRESS ENTERPRISE COMPANY INC
0891
ONLINE SUBSCRIPTION: CITY CLERK
Credit Card

26.00 607126
8/28/2025
1336 PRUDENTIAL OVERALL SUPPLY
132330181
FLOOR MATS AND TOWEL RENTALS: FACILITIES: PW
EFT Posted
126.24
607126
8/28/2025
1336 PRUDENTIAL OVERALL SUPPLY
132328817
FLOOR MATS AND TOWEL RENTALS: FACILITIES: PW
EFT Posted

60.71 607126
8/28/2025
1336 PRUDENTIAL OVERALL SUPPLY
132329968
FLOOR MATS AND TOWEL RENTALS: FACILITIES: PW
EFT Posted

60.71 607126
8/28/2025
1336 PRUDENTIAL OVERALL SUPPLY
132322468E
UNIFORMS: PW PARKS & FACILITIES: PW
EFT Posted

55.79 607126
8/28/2025
1336 PRUDENTIAL OVERALL SUPPLY
132328329B
UNIFORMS: PW PARKS & FACILITIES: PW
EFT Posted

55.79 607126
8/28/2025
1336 PRUDENTIAL OVERALL SUPPLY
132329450B
UNIFORMS: PW PARKS & FACILITIES: PW
EFT Posted

55.79 Check #
Check Date
Vendor #
Vendor Name
Invoice
Description
Payment Type
Invoice Net
607126
8/28/2025
1336

PRUDENTIAL OVERALL SUPPLY
132329451A
UNIFORMS: STREET MAINTENANCE: PW
EFT Posted

50.53 607126
8/28/2025
1336

PRUDENTIAL OVERALL SUPPLY
132328330A
UNIFORMS: STREET MAINTENANCE: PW
EFT Posted

50.53 607126
8/28/2025
1336

PRUDENTIAL OVERALL SUPPLY
132322469A
UNIFORMS: STREET MAINTENANCE: PW
EFT Posted

46.26 607126
8/28/2025
1336

PRUDENTIAL OVERALL SUPPLY
132328809
FLOOR MATS AND TOWEL RENTALS: FACILITIES: PW
EFT Posted

37.01 607127
8/28/2025
1336

PRUDENTIAL OVERALL SUPPLY
132329955
FLOOR MATS AND TOWEL RENTALS: FACILITIES: PW
EFT Posted

24.47 607127
8/28/2025
1336

PRUDENTIAL OVERALL SUPPLY
132328804
FLOOR MATS AND TOWEL RENTALS: FACILITIES: PW
EFT Posted

24.47 607127
8/28/2025
1336

PRUDENTIAL OVERALL SUPPLY
132329969
FLOOR MATS AND TOWEL RENTALS: FACILITIES: PW
EFT Posted

23.86 607127
8/28/2025
1336

PRUDENTIAL OVERALL SUPPLY
132329954
FLOOR MATS AND TOWEL RENTALS: FACILITIES: PW
EFT Posted

22.25 607127
8/28/2025
1336

PRUDENTIAL OVERALL SUPPLY
132328808
FLOOR MATS AND TOWEL RENTALS: FACILITIES: PW
EFT Posted

12.74 607127
8/28/2025
1336

PRUDENTIAL OVERALL SUPPLY
132329959
FLOOR MATS AND TOWEL RENTALS: FACILITIES: PW
EFT Posted

12.74 607127
8/28/2025
1336

PRUDENTIAL OVERALL SUPPLY
132329979
FLOOR MATS AND TOWEL RENTALS: FACILITIES: PW
EFT Posted

9.89 607127
8/28/2025
1336

PRUDENTIAL OVERALL SUPPLY
132328824
FLOOR MATS AND TOWEL RENTALS: FACILITIES: PW
EFT Posted

9.89 607127
8/28/2025
1336

PRUDENTIAL OVERALL SUPPLY
132328329A
UNIFORMS: STREET MAINTENANCE: PW
EFT Posted

8.82 607127
8/28/2025
1336

PRUDENTIAL OVERALL SUPPLY
132329450A
UNIFORMS: STREET MAINTENANCE: PW
EFT Posted

8.82 607128
8/28/2025
1336

PRUDENTIAL OVERALL SUPPLY
132322468A
UNIFORMS: STREET MAINTENANCE: PW
EFT Posted

8.82 607128
8/28/2025
1336

PRUDENTIAL OVERALL SUPPLY
132322469B
UNIFORMS: PW PARKS & FACILITIES: PW
EFT Posted

1.76 607128
8/28/2025
1336

PRUDENTIAL OVERALL SUPPLY
132328330E
UNIFORMS: PW PARKS & FACILITIES: PW
EFT Posted

1.76 607128
8/28/2025
1336

PRUDENTIAL OVERALL SUPPLY
132329451B
UNIFORMS: PW PARKS & FACILITIES: PW
EFT Posted

1.76 607129
8/28/2025
2461

QLESS INC
INV-14890
QUEUE MGMT SYSTEM: COMM DEV: ITSS
EFT Posted
10,022.23
607130
8/28/2025
2727

QUADIENT FINANCE USA INC
PPLN01 08/10/25
POSTAGE SVCS: PD
EFT Posted
343.58
607170
9/4/2025
1837

QUADIENT LEASING USA INC
01977090
POSTAGE METER LEASE: CENTRAL SVCS: ITSS
EFT Posted
4,870.86
304710
8/28/2025
2169

QUINN COMPANY
WOG00023450
REPAIR & MAINTENANCE - FACILITY: FIRE
Printed Check
379.62
304710
8/28/2025
2169

QUINN COMPANY
WOG00023449
REPAIR & MAINTENANCE - FACILITY: FIRE
Printed Check
379.62
304727
9/4/2025
2169

QUINN COMPANY
WOG00023452
GENERATOR MAINTENANCE & REPAIRS: FIRE
Printed Check
379.62
304727
9/4/2025
2169

QUINN COMPANY
WOG00023453
GENERATOR MAINTENANCE & REPAIRS: FIRE
Printed Check
379.62
18695
7/18/2025
1021

RANCHO CALIF WATER DISTRICT
JUN'25 WATER 2
VARIOUS WATER SVCS JUN BATCH 2
Wire
21,790.97
607171
9/4/2025
1150

RICHARDS WATSON AND GERSHON
254449
JULY 2025 LEGAL SVCS
EFT Posted
21,285.21
607171
9/4/2025
1150

RICHARDS WATSON AND GERSHON
254466
JULY 2025 LEGAL SVCS
EFT Posted
10,819.90
607171
9/4/2025
1150

RICHARDS WATSON AND GERSHON
254471
JULY 2025 LEGAL SVCS
EFT Posted
9,433.58
607171
9/4/2025
1150

RICHARDS WATSON AND GERSHON
254481
JULY 2025 LEGAL SVCS
EFT Posted
7,363.14
607171
9/4/2025
1150

RICHARDS WATSON AND GERSHON
254478
JULY 2025 LEGAL SVCS
EFT Posted
5,462.86
607171
9/4/2025
1150

RICHARDS WATSON AND GERSHON
254476
JULY 2025 LEGAL SVCS
EFT Posted
5,439.25
607171
9/4/2025
1150

RICHARDS WATSON AND GERSHON
254480
JULY 2025 LEGAL SVCS
EFT Posted
3,989.75
607171
9/4/2025
1150

RICHARDS WATSON AND GERSHON
254452
JULY 2025 LEGAL SVCS
EFT Posted
3,927.38
607171
9/4/2025
1150

RICHARDS WATSON AND GERSHON
254474
JULY 2025 LEGAL SVCS
EFT Posted
452.00
607171
9/4/2025
1150

RICHARDS WATSON AND GERSHON
254477
JULY 2025 LEGAL SVCS
EFT Posted
421.00
607172
9/4/2025
1150

RICHARDS WATSON AND GERSHON
254479
JULY 2025 LEGAL SVCS
EFT Posted
403.50
607172
9/4/2025
1150

RICHARDS WATSON AND GERSHON
254465
JULY 2025 LEGAL SVCS
EFT Posted
169.50
304711
8/28/2025
4147

RICHERSON JAMES
PERF: 08/16/25
HISTORICAL ARCHITECTURE LECTURE: TCSD
Printed Check
400.00
304702
8/28/2025
1104

RIVERSIDE COUNTY
IN1057213
APR - JUN'25 VECTOR CNTRL SVC: CODE ENF
Printed Check
5,422.75
304718
9/4/2025
1035

RIVERSIDE COUNTY
JUN'25
JUN'25 PRKG CITATION ASSESSMENTS
Printed Check
6,721.00
304718
9/4/2025
1035

RIVERSIDE COUNTY
MAR'25
MAR'25 PRKG CITATION ASSESSMENTS
Printed Check
6,105.25
304718
9/4/2025
1035

RIVERSIDE COUNTY
APR'25
APR'25 PRKG CITATION ASSESSMENTS
Printed Check
6,021.50
304718
9/4/2025
1035

RIVERSIDE COUNTY
MAY'25
MAY'25 PRKG CITATION ASSESSMENTS
Printed Check
5,657.00
304718
9/4/2025
1035

RIVERSIDE COUNTY
FEB'25
FEB'25 PRKG CITATION ASSESSMENTS
Printed Check
5,192.50
304726
9/4/2025
2635

RIVERSIDE COUNTY
PE0000002839A
EMERGENCY RADIO RENTAL 07/01/25 - 07/31/25: PD
Printed Check
608.80
304726
9/4/2025
2635

RIVERSIDE COUNTY
PE0000002839B
EMERGENCY RADIO RENTAL 07/01/25 - 07/31/25: PD
Printed Check
121.76
18647
8/7/2025
3707

ROCKET CARWASH LLC
5533
REPAIR & MAINTENANCE - VEHICLE: CAR WASH: FIRE
Credit Card

28.99 18646
8/7/2025
1379

ROSAS CAFE AND TORTILLA FACTORY
8272
REFRESHMENTS: FIRE MEETING: FIRE
Credit Card

26.17 607131
8/28/2025
1024

S&S WORLDWIDE INC
IN101646106
SUPPLIES: AQUATICS: TCSD
EFT Posted
154.70
607132
8/28/2025
4199

SAGECREST PLANNING AND ENVIRONMENTAL
5354
GEN PLAN MGMT CONSULTANT: COMDV
EFT Posted
8,295.00
18648
8/7/2025
1391

SAMS CLUB
7343
SUPPLIES: FIRE
Credit Card
201.09
607133
8/28/2025
1552

SANBORN GWYNETH
PERF: 08/16/25
TICKET SALES AGMT: COUNTRY LIVE @ THE MERC: TCSD
EFT Posted
427.50
607134
8/28/2025
2008

SARNOWSKI SHAWNA PRESTON
07252025
EVENT PHOTOGRAPHY: MUSEUM: TCSD
EFT Posted
400.00
607134
8/28/2025
2008

SARNOWSKI SHAWNA PRESTON
PERF: 08/09/25
SPORTS PHOTOGRAPHY METHODS LECTURE: TCSD
EFT Posted
400.00
607134
8/28/2025
2008

SARNOWSKI SHAWNA PRESTON
08092025
EVENT PHOTOGRAPHY: MUSEUM: TCSD
EFT Posted
280.00
607134
8/28/2025
2008

SARNOWSKI SHAWNA PRESTON
08072025
PHOTOGRAPHY SVCS: HUMAN SVCS & WORKFORCE DEV: TCSD
EFT Posted
280.00
607173
9/4/2025
2008

SARNOWSKI SHAWNA PRESTON
08122025
PHOTOGRAPHY SVCS: CITY COUNCIL: COMSP
EFT Posted
280.00
607173
9/4/2025
2008

SARNOWSKI SHAWNA PRESTON
108092025
PHOTOGRAPHY SVCS: THEATHER: TCSD
EFT Posted
190.00
607174
9/4/2025
2817

SCP DISTRIBUTORS LLC
D8899981
SMALL TOOLS/EQUIPMENT: AQUATICS: TCSD
EFT Posted
416.43
607174
9/4/2025
2817

SCP DISTRIBUTORS LLC
AL561966-1
SUPPLIES: AQUATICS: TCSD
EFT Posted
(122.22)
304728
9/4/2025
1787

SHRED IT US JV LLC
8011754876
SHREDDING SVCS: CITYWIDE: CLERK
Printed Check
364.67
607136
8/28/2025
3170
SMER RESEARCH 1 LLC
50068

JULY SOLAR GENERATION VARIOUS LOCATIONS
EFT Posted
37,563.07
607137
8/28/2025
3599

SMITH DONALD E
PERF: 08/09/25
PUPPETEERING PERFORMANCE: TCSD
EFT Posted
150.00
607138
8/28/2025
2217

SOCIAL WORK ACTION GROUP
07312025
HOMELESS OUTREACH SVCS: TCSD
EFT Posted
35,701.30
607139
8/28/2025
1055

SOUTH COUNTY PEST CONTROL INC
0309146
PEST CONTROL SVCS: PARKS: PW
EFT Posted
552.00
607139
8/28/2025
1055

SOUTH COUNTY PEST CONTROL INC
0308838
PEST CONTROL SVCS: CITY FACILITIES: PW
EFT Posted
120.00
607139
8/28/2025
1055

SOUTH COUNTY PEST CONTROL INC
0309442
PEST CONTROL SVCS: CITY FACILITIES: PW
EFT Posted
118.00
607139
8/28/2025
1055

SOUTH COUNTY PEST CONTROL INC
0308971
PEST CONTROL SVCS: PARKS: PW
EFT Posted

95.00 607139
8/28/2025
1055

SOUTH COUNTY PEST CONTROL INC
0309378
PEST REMOVAL: GALLERY TRADITIONS SLOPE: PW
EFT Posted

94.00 607139
8/28/2025
1055

SOUTH COUNTY PEST CONTROL INC
0308781
PEST CONTROL SVCS: PARKS: PW
EFT Posted

70.00 Check # Check Date Vendor # Vendor Name
Invoice
Description
Payment Type
Invoice Net
607139
8/28/2025
1055 SOUTH COUNTY PEST CONTROL INC
0309443
PEST CONTROL SVCS: CITY FACILITIES: PW
EFT Posted

64.00 607139
8/28/2025
1055 SOUTH COUNTY PEST CONTROL INC
0308885
PEST CONTROL SVCS: PARKS: PW
EFT Posted

49.00 607139
8/28/2025
1055 SOUTH COUNTY PEST CONTROL INC
0309347
PEST CONTROL SVCS: PARKS: PW
EFT Posted

49.00 607139
8/28/2025
1055 SOUTH COUNTY PEST CONTROL INC
0308930
PEST CONTROL SVCS: FIRE STATIONS: FIRE
EFT Posted

42.00 607141
8/28/2025
1708 STANDARD INSURANCE COMPANY
Ben351127
AUGUST'25 VOLUNTARY SUPP LIFE INSURANCE PAYMENT
EFT Posted
1,891.81
607176
9/4/2025
1452 STAPLES INC
6040503851
OFFICE SUPPLIES: RHR LIBRARY: TCSD
EFT Posted
330.92
607176
9/4/2025
1452 STAPLES INC
6040503840
OFFICE SUPPLIES: RHR LIBRARY: TCSD
EFT Posted
112.21
607176
9/4/2025
1452 STAPLES INC
6040503837
OFFICE SUPPLIES: RHR LIBRARY: TCSD
EFT Posted

80.95 607176
9/4/2025
1452 STAPLES INC
6040503852
OFFICE SUPPLIES: RHR LIBRARY: TCSD
EFT Posted

74.16 607176
9/4/2025
1452 STAPLES INC
6040503844
OFFICE SUPPLIES: RHR LIBRARY: TCSD
EFT Posted

38.05 607176
9/4/2025
1452 STAPLES INC
6040503842
OFFICE SUPPLIES: RHR LIBRARY: TCSD
EFT Posted

35.79 607176
9/4/2025
1452 STAPLES INC
6040503836
OFFICE SUPPLIES: RHR LIBRARY: TCSD
EFT Posted

21.74 607176
9/4/2025
1452 STAPLES INC
6040503838
OFFICE SUPPLIES: RHR LIBRARY: TCSD
EFT Posted
(112.21)
607176
9/4/2025
1452 STAPLES INC
6040503853
OFFICE SUPPLIES: RHR LIBRARY: TCSD
EFT Posted
(112.21)
607142
8/28/2025
1146 STEAM SUPERIOR CARPET CLEANING
11889
CARPET CLEANING: FIRE
EFT Posted
1,375.00
607142
8/28/2025
1146 STEAM SUPERIOR CARPET CLEANING
11890
CARPET CLEANING: FIRE
EFT Posted
500.00
607092
8/28/2025
3424 T & T CATERING INC
2688
CATERING AND EVENT SVCS: HR
EFT Posted
3,000.00
304712
8/28/2025
1212 T Y LIN INTERNATIONAL
30102508193
1-15/FRENCH VALLEY PKWY IMPROVEMENT: PW19-03
Printed Check
21,041.49
304712
8/28/2025
1212 T Y LIN INTERNATIONAL
30102508187
1-15/ FRENCH VALLEY PKWY IMPROVEMENTS: PW16-01
Printed Check
5,323.53
304712
8/28/2025
1212 T Y LIN INTERNATIONAL
30102508185A
FRENCH VALLEY PARKWAY/1-15 IMPROVEMENT: PW
Printed Check
4,894.30
304712
8/28/2025
1212 T Y LIN INTERNATIONAL
30102508185E
FRENCH VALLEY PARKWAY/1-15 IMPROVEMENT: PW
Printed Check
4,462.77
18677
7/18/2025
1568 TIME WARNER CABLE
JUL'25 INTERNET SVC

VARIOUS JUL INTERNET SVCS
Wire
13,242.98
607143
8/28/2025
1063 TIMMY D PRODUCTIONS INC
25505
ENTERTAINMENT SVCS: SPECIAL EVENTS: TCSD
EFT Posted
10,200.00
304713
8/28/2025
1362 TORRES BENJAMIN
06/30/25
REPAIR FLAG: PW
Printed Check
200.00
304714
8/28/2025
2827 TRANSPORTATION CHARTER SVCS
72097
TRANSPORTATION SVCS: SUMMER DAY CAMP: TCSD
Printed Check
6,120.00
304715
8/28/2025
2827 TRANSPORTATION CHARTER SVCS
71874
TRANSPORTATION SVCS: SUMMER DAY CAMP: TCSD
Printed Check
6,120.00
607144
8/28/2025
1876 TWM ROOFING INC
42070 MEADOWS PKWY
ROOF REPAIRS: MEADOWS PARK: PW
EFT Posted
5,880.00
607144
8/28/2025
1876 TWM ROOFING INC
30875 RANCHO VISTA
ROOF REPAIRS: RRSP: PW
EFT Posted
4,387.00
607144
8/28/2025
1876 TWM ROOFING INC
42569 MARGARITA ROAD
ROOF REPAIRS: RRSP SKATE PARK: PW
EFT Posted
3,880.00
607144
8/28/2025
1876 TWM ROOFING INC
31465 VIA CORDOBA
ROOF REPAIRS: HINTERGARDT PARK BATHROOM: PW
EFT Posted
1,380.00
607145
8/28/2025
1003 TYLER TECHNOLOGIES INC
045-525878a
ACCOUNTING SOFTWARE ANNUAL MAINTENANCE: ITSS
EFT Posted
111,842.83
18697
8/20/2025
4027 U S BANK CAL CARD
PC081825

PURCHASE CARD PAYMENT
Wire
145,928.24
18624
8/7/2025
1874 VALLEY PRINTING SERVICES INC
9986
PRINTING SVCS: ECDEV
Credit Card
2,798.33
607146
8/28/2025
3400 VERIFIED FIRST LLC
INV-000558397
EMPLOYMENT SCREENINGS: HR
EFT Posted

56.12 18650
8/7/2025
1505 VILLAGE NEWS INC
3010
SUBSCRIPTION: CMO
Credit Card

89.95 18575
7/31/2025
3895 VOYA RETIREMENT INSURANCE
Ben351103

VOYA RETIREMENT PAYMENT
Wire
41,724.02
607178
9/4/2025
2034 WADDLETON JEFFREY L
1250
DJ SVCS: HIGH HOPES PROGRAM: TCSD
EFT Posted
550.00
304730
9/4/2025
1102 WAXIE SANITARY SUPPLY INC
83457702
JANITORIAL SUPPLIES: FACILITY MAINT: PW
Printed Check
141.46
607147
8/28/2025
4172 WEST FORD LEGACY FOUNDATION
2025-02
BUFFALO SOLDIERS: MAJOR GEORGE: TCSD
EFT Posted
3,000.00
607148
8/28/2025
1454 WESTERN RIVERSIDE CO REG CONSERVATION AUTHORITY
JULY'25
JULY'25 MSHCP PAYMENT
EFT Posted
30,523.90
607179
9/4/2025
3729 WILD WEST JUNK REMOVAL LLC
INV0413
DANGEROUS & UNHEALTHY ENCAMPMENT CLEANUPS: TCSD
EFT Posted
4,720.00
607179
9/4/2025
3729 WILD WEST JUNK REMOVAL LLC
INV0411
DANGEROUS & UNHEALTHY ENCAMPMENT CLEANUPS: TCSD
EFT Posted
2,920.00
607179
9/4/2025
3729 WILD WEST JUNK REMOVAL LLC
INV0409
DANGEROUS & UNHEALTHY ENCAMPMENT CLEANUPS: TCSD
EFT Posted
2,355.00
607179
9/4/2025
3729 WILD WEST JUNK REMOVAL LLC
INV0414
DANGEROUS & UNHEALTHY ENCAMPMENT CLEANUPS: TCSD
EFT Posted
1,625.00
607179
9/4/2025
3729 WILD WEST JUNK REMOVAL LLC
INV0417
DANGEROUS & UNHEALTHY ENCAMPMENT CLEANUPS: TCSD
EFT Posted
1,375.00
607179
9/4/2025
3729 WILD WEST JUNK REMOVAL LLC
INV0416
DANGEROUS & UNHEALTHY ENCAMPMENT CLEANUPS: TCSD
EFT Posted
890.00
607135
8/28/2025
1509 WILLIAMS SHERRY B
PERF: 08/07/25
TICKET SALES AGMT: JAZZ @ THE MERC: TCSD
EFT Posted
665.00
607175
9/4/2025
1509 WILLIAMS SHERRY B
PERF: 08/14/25
TICKET SALES AGMT: JAZZ @ THE MERC: TCSD
EFT Posted
705.00
607149
8/28/2025
2289 YANES BLANCA A
0223.0
LANDSCAPE PLAN REVIEW/INSPECTION: COMDV
EFT Posted
18,180.78
607149
8/28/2025
2289 YANES BLANCA A
0222.0
LANDSCAPE PLAN CHECK SVCS: COMDV
EFT Posted
10,650.00
Total
2,052,084.63

Approved Purchase Card Detail
8/23/25 - 9/5/25
Check #
Check Date
Vendor # Vendor Name
Invoice
Description
Payment Type
Invoice Net
18697
8/20/2025
1278 ALBERTSONS
PC081825
MAINTENANCE SUPPLIES: FACILITIES: PW
P Card

7.60 18697
8/20/2025
1278 ALBERTSONS
PC081825
REFRESHMENTS: CAMP SOAR: TCSD
P Card

90.01 18697
8/20/2025
1278 ALBERTSONS
PC081825
SUPPLIES: TEENZONE: TCSD
P Card

19.54 18697
8/20/2025
1418 AMAZON
PC081825
AV SUPPLIES: MEDIA: ITSS
P Card

26.08 18697
8/20/2025
1418 AMAZON
PC081825
AV SUPPLIES: TVE2: ITSS
P Card

9.28 18697
8/20/2025
1418 AMAZON
PC081825
MAINTENANCE SUPPLIES: FACILITIES: PW
P Card
203.75
18697
8/20/2025
1418 AMAZON
PC081825
OFFICE SUPPLIES: CODE ENFORCEMENT
P Card

25.20 18697
8/20/2025
1418 AMAZON
PC081825
OFFICE SUPPLIES: CODE ENFORCEMENT
P Card

31.81 18697
8/20/2025
1418 AMAZON
PC081825
OFFICE SUPPLIES: FIN
P Card

11.94 18697
8/20/2025
1418 AMAZON
PC081825
OFFICE SUPPLIES: FIN
P Card

21.74 18697
8/20/2025
1418 AMAZON
PC081825
OFFICE SUPPLIES: FIN
P Card

25.76 18697
8/20/2025
1418 AMAZON
PC081825
OFFICE SUPPLIES: FIN
P Card

26.49 18697
8/20/2025
1418 AMAZON
PC081825
OFFICE SUPPLIES: FIN
P Card

36.77 18697
8/20/2025
1418 AMAZON
PC081825
OFFICE SUPPLIES: FIN
P Card

38.12 18697
8/20/2025
1418 AMAZON
PC081825
OFFICE SUPPLIES: FIN
P Card

51.39 18697
8/20/2025
1418 AMAZON
PC081825
OFFICE SUPPLIES: FRONT RECEP: ITSS
P Card
105.28
18697
8/20/2025
1418 AMAZON
PC081825
RECREATION SUPPLIES: AQUATICS: TCSD
P Card

29.13 18697
8/20/2025
1418 AMAZON
PC081825
RECREATION SUPPLIES: AQUATICS: TCSD
P Card

97.86 18697
8/20/2025
1418 AMAZON
PC081825
RECREATION SUPPLIES: AQUATICS: TCSD
P Card
235.73
18697
8/20/2025
1418 AMAZON
PC081825
RECREATION SUPPLIES: MPSC & MRC: TCSD
P Card
123.90
18697
8/20/2025
1418 AMAZON
PC081825
REPAIR & MAINTENANCE - FACILITY: CRC: PW
P Card
115.26
18697
8/20/2025
1418 AMAZON
PC081825
SMALL TOOLS/EQUIPMENT: CODE ENFORCEMENT
P Card

18.47 18697
8/20/2025
1418 AMAZON
PC081825
SMALL TOOLS/EQUIPMENT: CODE ENFORCEMENT
P Card
427.36
18697
8/20/2025
1418 AMAZON
PC081825
SMALL TOOLS/EQUIPMENT: ITSS
P Card

21.48 18697
8/20/2025
1418 AMAZON
PC081825
SMALL TOOLS/EQUIPMENT: ITSS
P Card

64.53 18697
8/20/2025
1418 AMAZON
PC081825
SMALL TOOLS/EQUIPMENT: ITSS
P Card
211.34
18697
8/20/2025
1418 AMAZON
PC081825
SMALL TOOLS/EQUIPMENT: PARKS: PW
P Card
108.74
18697
8/20/2025
1418 AMAZON
PC081825
SUPPLIES: TEAMPACE: HR
P Card
233.25
18697
8/20/2025
1170 AUTO PARTS PROS LLC
PC081825
MAINTENANCE SUPPLIES: STREETS: PW
P Card

56.20 18697
8/20/2025
1170 AUTO PARTS PROS LLC
PC081825
REPAIR & MAINTENANCE - EQUIPMENT: STREETS: PW
P Card
1,041.96
18555
7/18/2025
200 BICYCLE WAREHOUSE
PC71625a
SUPPLIES: HOMELESS OUTREACH: TCSD
P Card
833.37
18697
8/20/2025
1342 CALIF ASSOC OF CODE
PC081825
REGISTRATION: CACEO CONFERENCE: CODE: BLDSF
P Card
745.00
18697
8/20/2025
1001 CALIF PARKS AND REC
PC081825
REGISTRATION: STAFF TRAINING: PARKS: PW
P Card
650.00
18697
8/20/2025
3736 CARDIO PARTNERS INC
PC081825
TRAINING EQUIPMENT: AQUATICS: TCSD
P Card
327.04
18697
8/20/2025
1280 CDW LLC
PC081825
SOFTWARE LICENSE: ITSS
P Card
681.60
18389
6/18/2025
3428 CHILIS
PC061625
REFRESHMENTS: HOMELESS OUTREACH: TCSD
P Card

49.54 18697
8/20/2025
2100 COMTRONIX COMMUNICATIONS
PC081825
REPAIR & MAINTENANCE - VEHICLE: LAND DEV: PW
P Card
200.00
18555
7/18/2025
1098 COSTCO
PC71625a
REFRESHMENTS: MONTHLY EVENT: TCSD
P Card

93.39 18555
7/18/2025
1098 COSTCO
PC71625a
REFRESHMENTS: MONTHLY EVENT: TCSD
P Card
194.89
18555
7/18/2025
1098 COSTCO
PC71625b
REFRESHMENTS: MONTHLY EVENT: TCSD
P Card

41.06 18555
7/18/2025
1098 COSTCO
PC71625a
SUPPLIES: SUMMER FOOD PROGRAM: TCSD
P Card
173.41
18555
7/18/2025
1098 COSTCO
PC71625a
SUPPLIES: SUMMER FOOD PROGRAM: TCSD
P Card
266.50
18555
7/18/2025
1098 COSTCO
PC71625a
SUPPLIES: SUMMER FOOD PROGRAM: TCSD
P Card
889.51
18555
7/18/2025
1098 COSTCO
PC71625b
SUPPLIES: SUMMER FOOD PROGRAM: TCSD
P Card
744.84
18555
7/18/2025
1098 COSTCO
PC71625b
SUPPLIES: SUMMER FOOD PROGRAM: TCSD
P Card
1,160.22
18697
8/20/2025
1098 COSTCO
PC081825
MAINTENANCE SUPPLIES: STREETS: PW
P Card
369.87
18697
8/20/2025
1098 COSTCO
PC081825
REFRESHMENTS: CAMP SOAR: TCSD
P Card

86.57 18697
8/20/2025
1098 COSTCO
PC081825
REFRESHMENTS: TEENZONE: TCSD
P Card
216.41
18697
8/20/2025
1098 COSTCO
PC081825
REFRESHMENTS: TRAINING: AQUATICS: TCSD
P Card
140.67
18697
8/20/2025
1098 COSTCO
PC081825
SUPPLIES: DAYCAMP: TCSD
P Card

87.96 18697
8/20/2025
1098 COSTCO
PC081825
SUPPLIES: TEENZONE: TCSD
P Card
178.16
18697
8/20/2025
1098 COSTCO
PC081825
SUPPLIES: TEENZONE: TCSD
P Card
432.56
18697
8/20/2025
1972 CPS HR CONSULTING
PC081825
REGISTRATION: TRAINING: HR
P Card
100.00
18697
8/20/2025
1096 DANS FEED AND SEED
PC081825
MAINTENANCE SUPPLIES: STREETS: PW
P Card

47.72 18697
8/20/2025
1491 DEPT OF GENERAL SVCS
PC081825
ADA TRAINING: BLDSF
P Card

1.50 18697
8/20/2025
1491 DEPT OF GENERAL SVCS
PC081825
ADA TRAINING: BLDSF
P Card

50.00 Approved Purchase Card Detail
8/23/25 - 9/5/25
18697
8/20/2025
1491 DEPT OF GENERAL SVCS
PC081825
ADA TRAINING: BLDSF
P Card
500.00
18697
8/20/2025
1104 ENVIRONMENTAL HEALTH
PC081825
PERMIT: SNACK SHACK: FACILITIES: PW
P Card

18.87 18697
8/20/2025
1104 ENVIRONMENTAL HEALTH
PC081825
PERMIT: SNACK SHACK: FACILITIES: PW
P Card

18.87 18697
8/20/2025
1104 ENVIRONMENTAL HEALTH
PC081825
PERMIT: SNACK SHACK: FACILITIES: PW
P Card
796.00
18697
8/20/2025
1104 ENVIRONMENTAL HEALTH
PC081825
PERMIT: SNACK SHACK: FACILITIES: PW
P Card
796.00
18697
8/20/2025
2012 FEAST CALIFORNIA CAFE
PC081825
REFRESHMENTS: PROFESSIONAL MEETINGS: NPDES: PW
P Card

72.00 18697
8/20/2025
4191 FERGUSON ENTERPRISES
PC081825
REPAIR & MAINTENANCE - FACILITY: PARKS: PW
P Card
204.84
18555
7/18/2025
4097 FOOD4LESS
PC71625b
SUPPLIES: SUMMER FOOD PROGRAM: TCSD
P Card

51.89 18697
8/20/2025
1225 GRAINGER
PC081825
REPAIR & MAINTENANCE - FACILITY: PARKS: PW
P Card
180.71
18697
8/20/2025
3345 HAAKER EQUIPMENT CO
PC081825
MAINTENANCE SUPPLIES: STREETS: PW
P Card
1,069.59
18697
8/20/2025
1009 HANKS HARDWARE INC
PC081825
LANDSCAPE MAINTENANCE: THEATER: PW
P Card
117.23
18697
8/20/2025
1009 HANKS HARDWARE INC
PC081825
MAINTENANCE SUPPLIES: STREETS: PW
P Card

33.42 18697
8/20/2025
1009 HANKS HARDWARE INC
PC081825
MAINTENANCE SUPPLIES: STREETS: PW
P Card

38.01 18697
8/20/2025
1009 HANKS HARDWARE INC
PC081825
MAINTENANCE SUPPLIES: STREETS: PW
P Card

55.41 18697
8/20/2025
1009 HANKS HARDWARE INC
PC081825
MAINTENANCE SUPPLIES: STREETS: PW
P Card

80.45 18697
8/20/2025
1009 HANKS HARDWARE INC
PC081825
MAINTENANCE SUPPLIES: STREETS: PW
P Card

80.82 18697
8/20/2025
1009 HANKS HARDWARE INC
PC081825
MAINTENANCE SUPPLIES: STREETS: PW
P Card
117.52
18697
8/20/2025
1009 HANKS HARDWARE INC
PC081825
MAINTENANCE SUPPLIES: STREETS: PW
P Card
160.69
18697
8/20/2025
1009 HANKS HARDWARE INC
PC081825
MAINTENANCE SUPPLIES: STREETS: PW
P Card
187.72
18697
8/20/2025
1009 HANKS HARDWARE INC
PC081825
MAINTENANCE SUPPLIES: STREETS: PW
P Card
478.48
18697
8/20/2025
1009 HANKS HARDWARE INC
PC081825
MAINTENANCE SUPPLIES: TRAFFIC: PW
P Card
1,055.10
18697
8/20/2025
1009 HANKS HARDWARE INC
PC081825
REPAIR & MAINTENANCE - FACILITY: PARKS: PW
P Card

2.81 18697
8/20/2025
1009 HANKS HARDWARE INC
PC081825
REPAIR & MAINTENANCE - FACILITY: PARKS: PW
P Card

26.08 18697
8/20/2025
1009 HANKS HARDWARE INC
PC081825
REPAIR & MAINTENANCE - FACILITY: PARKS: PW
P Card

28.45 18697
8/20/2025
1009 HANKS HARDWARE INC
PC081825
REPAIR & MAINTENANCE - FACILITY: PARKS: PW
P Card

36.94 18697
8/20/2025
1009 HANKS HARDWARE INC
PC081825
REPAIR & MAINTENANCE - FACILITY: PARKS: PW
P Card

59.43 18697
8/20/2025
1009 HANKS HARDWARE INC
PC081825
REPAIR & MAINTENANCE - FACILITY: PARKS: PW
P Card

82.02 18697
8/20/2025
1009 HANKS HARDWARE INC
PC081825
SMALL TOOLS/EQUIPMENT: PARKS: PW
P Card

70.24 18697
8/20/2025
1009 HANKS HARDWARE INC
PC081825
SMALL TOOLS/EQUIPMENT: TRAFFIC: PW
P Card

97.86 18697
8/20/2025
1192 HOME DEPOT
PC081825
RECREATION SUPPLIES: CLASSES: TCSD
P Card

98.59 18697
8/20/2025
1192 HOME DEPOT
PC081825
REPAIR & MAINTENANCE - FACILITY: PARKS: PW
P Card

14.26 18697
8/20/2025
2829 IDVILLE
PC081825
OFFICE SUPPLIES: FRONT RECEP: ITSS
P Card
654.87
18697
8/20/2025
2245 INSTACART.COM
PC081825
REFRESHMENTS: RECRUITMENT: HR
P Card

63.53 18697
8/20/2025
2245 INSTACART.COM
PC081825
REFRESHMENTS: TEAM PACE CITY HALL
P Card
173.60
18697
8/20/2025
2245 INSTACART.COM
PC081825
REFRESHMENTS: TEAM PACE FOC
P Card

92.90 18697
8/20/2025
1196 INTL CODE COUNCIL
PC081825
CERTIFICATION RENEWAL: BLDSF
P Card
125.00
18697
8/20/2025
1674 ISTOCK INTL INC
PC081825
SUBSCRIPTION RENEWAL: TCSD
P Card
120.00
18555
7/18/2025
3663 JERSEY MIKES
PC71625b
REFRESHMENTS: SUMMER FOOD PROGRAM: TCSD
P Card
325.00
18697
8/20/2025
3663 JERSEY MIKES
PC081825
REFRESHMENTS: MRC/CAMPSOAR: TCSD
P Card
100.00
18555
7/18/2025
200 LA FAVORITA RANCH
PC71625b
SUPPLIES: SUMMER FOOD PROGRAM: TCSD
P Card

54.89 18697
8/20/2025
1111 MICHAELS STORES INC
PC081825
RECREATION SUPPLIES: CAMP SOAR: TCSD
P Card

40.75 18697
8/20/2025
1111 MICHAELS STORES INC
PC081825
SUPPLIES: TEENZONE: TCSD
P Card

48.90 18697
8/20/2025
200 MOASURE
PC081825
SMALL TOOLS/EQUIPMENT: PARKS: PW
P Card
651.42
18697
8/20/2025
1013 NUTRIEN AG SOLUTIONS
PC081825
MAINTENANCE SUPPLIES: STREETS: PW
P Card
165.16
18697
8/20/2025
1013 NUTRIEN AG SOLUTIONS
PC081825
REPAIR & MAINTENANCE - EQUIPMENT: STREETS: PW
P Card
241.23
18555
7/18/2025
2496 OLD TOWN TIRE
PC71625a
REPAIR & MAINTENANCE -VEHICLE: TCSD
P Card
280.89
18697
8/20/2025
200 PAPA JOHNS
PC081825
REFRESHMENTS: AQUATICS: TCSD
P Card

84.27 18697
8/20/2025
200 PAPA JOHNS
PC081825
REFRESHMENTS: AQUATICS: TCSD
P Card
161.99
18389
6/18/2025
200 PEDEGO ELECTRIC BIKES
PC061625
SMALL TOOLS/EQUIPMENT: HOMELESS OUTREACH: TCSD
P Card
2,658.94
18697
8/20/2025
1016 PERS HEALTH
PC081825
REGISTRATION: CALPERS EDUCATIONAL FORUM: FIN
P Card
549.00
18697
8/20/2025
200 PETCO
PC081825
SUPPLIES: TEENZONE: TCSD
P Card

26.05 18697
8/20/2025
1526 PUBLIC AGENCY RISK
PC081825
REGISTRATION: PARMA CONFERENCE: HR
P Card
399.00
18697
8/20/2025
3702 RANCHO HYDRAULICS
PC081825
REPAIR & MAINTENANCE - EQUIPMENT: STREETS: PW
P Card
1,139.92
18697
8/20/2025
3931 RDO EQUIPMENT
PC081825
REPAIR & MAINTENANCE - EQUIPMENT: STREETS: PW
P Card
653.76
18697
8/20/2025
1091 ROADLINE PRODUCTS
PC081825
MAINTENANCE SUPPLIES: STREETS: PW
P Card
1,472.73
18555
7/18/2025
1391 SAMS CLUB
PC71625b
REFRESHMENTS: SAFETY FOOTWEAR EVENT: RISK
P Card

66.72 18697
8/20/2025
2425 SIEMENS MOBILITY INC
PC081825
STREET LIGHTING: TRAFFIC: PW
P Card
4,797.00

Approved Purchase Card Detail
8/23/25 - 9/5/25
18697
8/20/2025
3659

SITEONE LANDSCAPE
PC081825
18697
8/20/2025
3659

SITEONE LANDSCAPE
PC081825
18555
7/18/2025
1061

SMART AND FINAL INC
PC71625a
18555
7/18/2025
1061

SMART AND FINAL INC
PC71625b
18697
8/20/2025
1061

SMART AND FINAL INC
PC081825
18697
8/20/2025
1452

STAPLES INC
PC081825
18555
7/18/2025
3547

STATE OF CALIFORNIA
PC71625a
18555
7/18/2025
3547

STATE OF CALIFORNIA
PC71625a
18697
8/20/2025
200
TIER1 GAMES INC
PC081825
18697
8/20/2025
200
TJMAXX
PC081825
18697
8/20/2025
1555

TV CONVENTION AND VISITORS
PC081825
18697
8/20/2025
200

UC BERKELEY
PC081825
18697
8/20/2025
1652

ULINE INC
PC081825
18697
8/20/2025
200

ULTIMATE GAMES
PC081825
18697
8/20/2025
2273

UPTOWN TEMECULA AUTO
PC081825
18697
8/20/2025
2273

UPTOWN TEMECULA AUTO
PC081825
18697
8/20/2025
200

VISTAPAINT
PC081825
18555
7/18/2025
1475
VONS
PC71625a
18389
6/18/2025
200
VSINOPICERN.COM
PC061625
18697
8/20/2025
1439

WALMART
PC081825
18697
8/20/2025
1439

WALMART
PC081825
18697
8/20/2025
1119

WATER SAFETY PRODUCTS
PC081825
18697
8/20/2025
2175

WHITE CAP LP
PC081825
IRRIGATION CONTROLLER: PARKS: PW
P Card
994.99
LANDSCAPE MAINTENANCE: PARKS: PW
P Card
(994.99)
LANDSCAPE MAINTENANCE: PARKS: PW
P Card
127.02
LANDSCAPE MAINTENANCE: PARKS: PW
P Card
137.33
LANDSCAPE MAINTENANCE: PARKS: PW
P Card
374.63
LANDSCAPE MAINTENANCE: PARKS: PW
P Card
446.66
LANDSCAPE MAINTENANCE: PARKS: PW
P Card
931.19
LANDSCAPE MAINTENANCE: PARKS: PW
P Card
931.19
LANDSCAPE MAINTENANCE: PARKS: PW
P Card
994.99
LANDSCAPE MAINTENANCE: PARKS: PW
P Card
1,036.22
LANDSCAPE MAINTENANCE: PARKS: PW
P Card
1,211.05
LANDSCAPE MAINTENANCE: PARKS: PW
P Card
4,960.91
SUPPLIES: SUMMER FOOD PROGRAM: TCSD
P Card

52.45 SUPPLIES: SUMMER FOOD PROGRAM: TCSD
P Card
126.24
SUPPLIES: SUMMER FOOD PROGRAM: TCSD
P Card
172.53
REFRESHMENTS: HIGH HOPES: TCSD
P Card
117.92
OFFICE SUPPLIES: STREETS: PW
P Card
104.36
LICENSE RENEWAL: TCSD
P Card

1.22 LICENSE RENEWAL: TCSD
P Card

58.00 SUPPLIES: HOMELESS OUTREACH: TCSD
P Card

96.13 RECREATION SUPPLIES: CLASSES: TCSD
P Card

32.61 REGISTRATION: TCSD
P Card

96.92 STAFF TRAINING: CIP: PW
P Card
195.00
SMALL TOOLS/EQUIPMENT: CODE ENFORCEMENT
P Card
132.08
RENTAL: GAME TRUCK: TCSD
P Card

75.00 REPAIR & MAINTENANCE - VEHICLE: CODE ENFORCEMENT:

BLDSF P Card

14.99 REPAIR & MAINTENANCE - VEHICLE: PARKS: PW
P Card

14.99 REPAIR & MAINTENANCE -VEHICLE: STREETS: PW
P Card

20.99 MAINTENANCE SUPPLIES: STREETS: PW
P Card

46.65 SUPPLIES: SUMMER FOOD PROGRAM: TCSD
P Card

71.18 REIMBURSED BY EMPLOYEE
P Card

43.35 RECREATION SUPPLIES: AQUATICS: TCSD
P Card
131.54
RECREATION Supplies: CLASSES: TCSD
P Card

79.65 RECREATION SUPPLIES: CLASSES: TCSD
P Card

95.05 SUPPLIES: TEENZONE: TCSD
P Card
107.45
SUPPLIES: TEENZONE: TCSD
P Card
707.48
TRAINING EQUIPMENT: AQUATICS: TCSD
P Card
508.74
MAINTENANCE SUPPLIES: STREETS: PW
P Card
528.50
Total
48,852.78

Item No. 4

CITY OF TEMECULA

AGENDA REPORT
TO: City Manager/City Council
FROM: Jennifer Hennessy, Director of Finance
DATE: September 23, 2025
SUBJECT: Approve City Treasurer's Report for the Period of July 1, 2025 through July 31, 2025
PREPARED BY: Ward Komers, Assistant Director of Finance Seleen Saiid, Accounting Technician I
RECOMMENDATION: That the City Council approve and file the City Treasurer's Report for the period of July 1, 2025 through July 31, 2025.

BACKGROUND: Government Code Sections 53646 and 41004 require reports to the City Council regarding the City's investment portfolio, receipts, and disbursements respectively.

Adequate funds will be available to meet budgeted and actual expenditures of the City for the next six months. Current market values are derived from the Local Agency Investment Fund (LAIF) reports, US Bank demand deposit account, trust, and custody statements. Attached is the City Treasurer's Report that provides this information.

The City's investment portfolio is in compliance with the statement of investment policy and Government Code Sections 53601 and 53635 for the period of July 1, 2025 through July 1, 2025.

FISCAL IMPACT: None
ATTACHMENT: City Treasurer's Report July 1, 2025 through July 31, 2025

City of Temecula

CALIFORNIA
Aft
a
The Heart of Southern California
Wine Country
Treasurer's Report
July 1, 2025 -July 31, 2025

City of Temecula Treasurer's Report

TABLE OF CONTENTS

1.0 CASH AND INVESTMENT PORTFOLIO SUMMARY.....................................................................3

2.0 FUND ACTIVITY......................................................................................................................4

3.0 LONG TERM INVESTMENT PORTFOLIO STATISTICS..................................................................6

4.0 LONG TERM INVESTMENT PORTFOLIO TRANSACTIONS...........................................................7

5.0 APPENDIX A - ALLOWABLE INVESTMENT INSTRUMENTS.........................................................8

6.0 APPENDIX B - GLOSSARY OF TERMS......................................................................................10 July 1, 2025 — July 31, 2025 Page 2 of 11

City of Temecula
Treasurer's Report

1.0 CASH AND INVESTMENT PORTFOLIO SUMMARY
Cash and Investments
Liquidity Portfolio
US Bank (Demand Deposit Accounts)
Local Agency Investment Fund (LAIF)
Petty Cash
Total Liquidity Portfolio
Long-term Portfolio (Investments)
Trust Portfolio
California Employers' Retiree Benefit Trust (CERBT)
Public Agency Retirement Services Trust (PARS)
Total Trust Portfolio
Total Cash and Investments
Earnings on Cash and Investments
LAIF Earnings (Quarterly)
% Change
Long-term Portfolio (Monthly)
% Change
CERBT Earnings (Quarterly)
% Change
PARS Trust (Monthly)
% Change
Money Center ICS (Monthly)
% Change
Cash Sweep (Monthly)
% Change
Total Earnings on Cash and Investments
% Change
Fiscal Agent Account Portfolio (CFDs/SARDA)
Cash and Investment Summary
Trailing Six Month Period
(Book Value Including Realized Gains/Losses)
February© March© Apri10 May® June© July®
56,003,901.41 25% 50,798,307.18 23% 52,741,486.66 24% 53,817,338.21 23% 43,423,257.35 19% 42,765,350.00 21% 80,777,337.29 36% 80,777,33729 375vo 81,614,662.99 37% 96,614,662.99 41% 98,614,662.99 43% 79,580,560.24 38% 3,326.00 0% 3,326.00 0% 3,326.00 0% 3,326.00 0% 3,326.00 0% 3,326.00 0% 136,784,564.70 62% 131,578,970.47 61% 134,359,475.65 61% 50,435,327.20 64% 142,041,246.34 62% 122,349,236.24 59% 59,557,007.17 27% 59,636,380.61 27% 59,934,278.41 27% 59,998,757.99 25% 60,136,443.43 26% 60p3O8p400.89 29% 21,348,514.74 10% 21,483,056.69 10% 21,483,056.69 10% 21,483,056.69 9% 22,982,939.77 10% 22,982,939.77 11% 4,305,315.39 2% 4,259,741.81 2% 4,267,217.09 2% 4,327,141.60 2% 4,402,388.56 2% 2,438,219.49 1% 25,653,830.13 12% 25,742,798.50 12% 25,750,273.78 12% 25,810,198.29 11% 27,385,328.33 12% 25,421,159.26 12% 221,995,402.00 100% 216,958,149.58 100% 220,044,027.84 100% 236,244,283.48 100% 229,563,018.10 100% 208,078,796.39 100% 837,325.70 965,897.25
1,04% 0.98%
277,388.48 79,373.44 297,897.80 64,479.58 137,685.44 171,957.46

0.47% 0.13% 0.50% 0.11 % 0.23% 0.29%
20,298.20

0.47%
92,412.73

0.36%
79,109.24

0.29%
134,541.95

0.63%
(45,573.58)
-1.06%
83,756.74

0.33%
82,781.19

0.38%
7,475.28

0.18%
93,049.73

0.36%
63,586.63

0.28%
59,924.51

1.40%
90,368.46

0.35%
75,048.55

0.30%
1,499,883.08

6.98%
75,246.96

1.74%
93,712.96

0.36%
64,646.99

0.45%
14,493.93

0.33%
91,012.58

0.35%
66,789.17

0.50%
469,208.65 334,879.74 1,299,335.14 289,821.10 1,871,175.43 1,310,150.39

0.21% 0.15% 0.60% 0.13% 0.79% 0.57%
32,979,086.72 30,682,514.94 30,845,520.08 30,927,701.08 34,658,204.63 34,826,530.19 July 1, 2025 -July 31, 2025 Page 3 of 11

City of Temecula
Treasurer's Report

2.0 FUND ACTIVITY
Fund Activity Summary Statement', 2,3
For Period Ending July 31, 2025
Beginning
Fund
Fund Description
Fund Balance
001

GENERAL
43,013,680.07
002

MEASURE S
54,609,462.11
006

FIRE FACILITY ACQUISITION
4,951,227.63
100

STATE GAS TAX
532,950.12
102

RMRA-ROAD MAINT REHAB ACCT
5,109,596.06
103

STREET MAINTENANCE
8,493,488.41
105
NPDES
311,373.79
106

UPTOWN NEW STREETS IN LIEU FEE
1,647,417.99
110
COVID-19 PANDAMIC COMM. REINV.
9,268,343.95
120

DEVELOPMENT IMPACT FEES
15,799,921.67
125

PEG -PUBLIC EDUC & GOVT
1,146,742.30
140

COMMUNITY DEV BLOCK GRANT
166,159.20
145

TEMECULA ENERGY EFFICIENCY MGT
322,168.38
150
ASSEMBLY BILL 2766
593,018.43
160

SUPPL LAW ENFORCEMENT SVCS
-
165

AFFORDABLE HOUSING
11,293,126.02
170

MEASURE A
10,368,608.52
190

TEMECULA COMM SVCS DISTRICT
1,598,938.69
191

SL B-STREETLIGHT REPLACEMENT
1,591,133.82
192

SL B-STREETLIGHTS
668,502.26
194

SL D-REFUSERECYCLING
722,632.38
195

SL R-STREET MAINT
47,524.60
196

SL L-LAKE PARK MAINT
361,323.62
197

TEMECULA LIBRARY
287,459.69
198

PUBLIC ART
305,240.98
210

CAPITAL IMPROVEMENT PROGRAM
6,648,853.39
275
CFD 03-3 WOLF CREEK IMPROV
239,924.00
277
CFD 03-2 RORIPAUGH RANCH IMPR
5,914,722.52
278
CFD 16-1 RORIPAUGH PH II IMPR
10,458,157.07
283
CFD 20-01 HEIRLOOM FARMS
2,019,771.41
300

INSURANCE
2,458,160.85
305

WORKERS' COMPENSATION
987,208.66
310

VEHICLES/EQUIPMENT REPLACEMENT
5,900,289.11
320

INFORMATION TECHNOLOGY
641,697.65
325

TECHNOLOGY REPLACEMENT
4,704,542.84
330

SUPPORT SERVICES
4,929.86
335

SUPPORT SERVICES REPLACEMENT
440,904.68
340

FACILITIES
66,817.34
350

FACILITY REPLACEMENT
5,824,850.45
380

SARDA DEBT SVC
(31,346,747.30)
381

RDA PROPERTY TAX TRUST FUND
2,135,703.18
382
2010-11 TABS REFUNDING ESCROW
460
CFD 88-12 DEBT SVC
472
CFD 01-2 HARVESTON AB DEBT SVC
1,499,837.63
473
CFD 03-1 CROWNE HILL DEBT SVC
1,748,985.74
474
AD 03-4 JOHN WARNER DEBT SVC
475
CFD 03-3 WOLF CREEK DEBT SVC
2,037,701.99
Receipts Disbursements
706,938.96 20,352,255.79
138,891.08
330,678.88
1,852.50
3,924.13
695.66
24,000.00
17, 756.01
23,120.50
3,274.12
13,385.46
1,614,780.65
9,830.35
4,716.27
7,816.85
27,743.98
207,434.71
2,268,424.40
198,953.43
794,560.68
7,770.54
13,805.78
74,006.52
(112,126.83)
173.58
173.58
173.58
Ending
Zs,a0u,a0s.Z4
54,609,462.11
4,951,227.63
532,950.12
5,109,596.06
8,493,488.41
311,373.79
1,647,417.99
9,250,587.94
15,938,812.75
1,123,621.80
162,885.08
322,168.38
593,018.43
11,279,740.56
10,368,608.52
314,836.92
1,591,133.82
658,671.91
717,916.11
47,524.60
355,359.27
263,639.84
305,936.64
6,441,418.68
239,924.00
5,914,722.52
10,458,157.07
2,019,771.41
189,736.45
788,255.23
5,900,289.11
(152,863.03)
4,696,772.30
(8,875.92)
440,904.68
16,810.82
5,824,850.45
(31,234,620.47)
2,135,703.18
1,499, 664.05
1,748,812.16
2,037,528.41
July 1, 2025 — July 31, 2025 Page 4 of 11

City of Temecula Treasurer's Report
Beginning
Ending
Fund
Fund Description
Fund Balance
Receipts Disbursements
Fund Balance
476
CFD 03-6 HARVESTON2 DEBT SVC
685,597.96
173.58
685,424.38
477
CFD 03-2 RORIPAUGH DEVT SVC
1,576,780.44
173.58
1,576,606.86
478
CFD 16-1 RORIPAUGH PH II
6,616,169.28
627.43
6,615,541.85
479
CFD 19-01 MUNICIPAL SERVICES
(6,118.99)
173.58
(6,292.57)
481
CFD 23-01 ALTAIR
(7,311.13)
627.43
(7,938.56)
482
CFD 23-02 PRADO
(9,320.49)
627.43
(9,947.92)
483
CFD 20-01 HEIRLOOM FARMS
1,773,554.13
627.11
1,772,927.02
484
CFD 25-01 ELDERBERRY PARK
(9,205.83)
-
(9,205.83)
501
SL C ZONE 1 SADDLEWOOD
27,449.10
2,292.58
25,156.52
502
SL C ZONE 2 WINCHESTER CREEK
152,095.53
1,628.50
150,467.03
503
SL C ZONE 3 RANCHO HIGHLANDS
78,255.16
1,854.00
76,401.16
504
SL C ZONE 4 THE VINEYARDS
7,341.47
318.00
7,023.47
505
SL C ZONE 5 SIGNET SERIES
44,815.98
1,684.58
43,131.40
506
SL C ZONE 6 WOODCREST COUNTRY
61,997.42
842.83
61,154.59
507
SL C ZONE 7 RIDGEVIEW
20,594.82
558.33
20,036.49
508
SL C ZONE 8 VILLAGE GROVE
148,404.50
6,166.67
142,237.83
509
SL C ZONE 9 RANCHO SOLANA
31,433.26

84.75 31,348.51
510
SL C ZONE 10 MARTINIQUE
19,256.64
272.67
18,983.97
511
SL C ZONE 11 MEADOWVIEW
4,716.67

67.92 4,648.75
512
SL C ZONE 12 VINTAGE HILLS
107,942.91
3,916.67
104,026.24
513
SL C ZONE 13 PRESLEY DEVELOP
43,016.28
1,291.67
41,724.61
514
SL C ZONE 14 MORRISON HOMES
16,739.46
734.06
16,005.40
515
SL C ZONE 15 BARCLAY ESTATES
20,657.40
621.55
20,035.85
516
SL C ZONE 16 TRADEWINDS
104,987.49
1,067.25
103,920.24
517
SL C ZONE 17 MONTE VISTA
3,781.82

79.42 3,702.40
518
SL C ZONE 18 TEMEKU HILLS
115,960.37
4,268.17
111,692.20
519
SL C ZONE 19 CHANTEMAR
96,710.99
2,905.61
93,805.38
520
SL C ZONE 20 CROWNE HILL
338,427.80
6,178.33
332,249.47
521
SL C ZONE 21 VAIL RANCH
230,062.69
13,726.45
216,336.24
522
SL C ZONE 22 SUTTON PLACE
15,183.98
179.17
15,004.81
523
SL C ZONE 23 PHEASENT RUN
35,880.24
253.00
35,627.24
524
SL C ZONE 24 HARVESTON
82,354.90
6,083.33
76,271.57
525
SL C ZONE 25 SERENA HILLS
105,735.06
1,966.25
103,768.81
526
SL C ZONE 26 GALLERYTRADITION
3,176.59

67.92 3,108.67
527
SL C ZONE 27 AVONDALE
15,027.21
366.67
14,660.54
528
SL C ZONE 28 WOLF CREEK
255,596.71
9,541.67
246,055.04
529
SL C ZONE 29 GALLERY PORTRAIT
14,301.34
111.67
14,189.67
530
SL C ZONE 30 FUTURE ZONES
37,811.87
-
37,811.87
700
CERBT RETIREE HEALTH-GASB45
22,982,939.77
22,982,939.77
701

PENSION RATE STABILIZATION
6,429,129.56
6,429,129.56
Grand Total
237,868,282.12
1,206,981.21 25,600,189.78
213,475,073.55
Notes: s The amounts shown are preliminary and may not reflect adjusting journal entries. z Fund Balances fluctuate throughout the Fiscal Year and may temporarily have a negative balance due to the differences in timing of receipts, disbursements, interfund transfers, and journal entries. s Beginning Fund Balances are presented as estimates pending the completion and audit of the prior Fiscal Year financial statements.

July 1, 2025 —July 31, 2025 Page 5 of 11

City of Temecula
Treasurer's Report

3.0 LONG TERM INVESTMENT PORTFOLIO STATISTICS
Investment Yields
Yield, %
2-Year Treasury
oe
State Pr' l _ I AIF
Long-term Portfolio
Jul Jul
2023 2024
Sources: City of Temecula; California State Treasurer's Office; Board of Governors of the Federal Reserve System (US) Long-term Portfolio Investments
Investment Earnings, $
Interest Earned Gains/Losses
�� -1 Ill.,
Jul
2025
400,000
350,000
300,000
250,000
200,000
150,000
100,000
50,000
0 Jul July Jul
2023 2024 2025
Sources: City of Temecula
July 1, 2025 — July 31, 2025 Page 6 of 11

City of Temecula
Treasurer's Report

4.0 LONG TERM INVESTMENT PORTFOLIO TRANSACTIONS
07/01/2025
31846V542

INTEREST EARNED FIRST AM TREAS OB FD CL Z UNIT
39,734.13
07/02 22025
31846V542

PURCHASED FIRST AM TREAS OB FD CL Z
(39,734.13)
07/07/2025
74368CBP8

INTEREST EARNED PROTECTIVE LIFE MTN
47,140.00
07/07/2025
31846V542

PURCHASED FIRST AM TREAS OB FD CL Z
(47,140.00)
07/14/2025
3130AN4N7

MATURED PAR VALUE F H L B DEB
1,000,000.00
07/14/2025
3130AN4N7

INTEREST EARNED F H L B DEB
3,600.00
07/14/2025
31846V542

PURCHASED FIRST AM TREAS OB FD CL Z
(1,003,600.00)
07/15/2025
31846V542

PURCHASED FIRST AM TREAS OB FD CL Z
(40,000.00)
07/15/2025
91282CJT9

INTEREST EARNED U S TREASURY NT
40,000.00
07/17/2025
31846V542

SOLD FIRST AM TREAS OB FD CL Z
3,999,616.67
07/17/2025
3133ETPP6

PAID ACCRUED INTEREST PURCHASE F F C B DEB
(3,616.67)
07/17/2025
3133ETPP6

PURCHASED PAR VALUE F F C B DEB
(3,996,000.00)
07/24/2025
3134HBA43

PURCHASED PAR VALUE F H L M C M T N
(3,000,000.00)
07/24/2025
31846V542

SOLD FIRST AM TREAS OB FD CL Z
3,000,000.00
07/25/2025
31846V542

SOLD FIRST AM TREAS OB FD CL Z
4,000,000.00
07/25/2025
3130136YR1

PURCHASED PAR VALUE F H L B DEB
(4,000,000.00)
07/28/2025
313OAKQ41

INTEREST EARNED F H L B DEB
2,600.00
07/28/2025
31846V542

PURCHASED FIRST AM TREAS OB FD CL Z
(2,600.00)
07/31/2025
31846V542

PURCHASED FIRST AM TREAS OB FD CL Z
(42,500.00)
07/31/2025
91282CJV4

INTEREST EARNED U S TREASURY NT
42,500.00
July 1, 2025 — July 31, 2025 Page 7 of 11

City of Temecula
Treasurer's Report

5.0 APPENDIX A - ALLOWABLE INVESTMENT INSTRUMENTS
ALLOWABLE INVESTMENT INSTRUMENTS PER STATE GOVERNMENT CODE (AS OF JANUARY 1, 2021)A

APPLICABLE TO ALL LOCAL AGENCIESB

INVESTMENT

MAXIMUM

MINIMUM QUALITY

GOVERNMENT
TYPE
MATURITYc
SPECIFIED % OF

REQUIREMENTS

CODE SECTIONS
PORTFOLIO°
Local Agency Bonds
5 years
None
None
53601(a)
U.S. Treasury Obligations
5 years
None
None
53601(b)
State Obligations— CA And Others
5 years
None
None
53601(d)
CA Local Agency Obligations
5 years
None
None
53601(e)
U.S Agency Obligations
5 years
None
None
53601(f)
Bankers' Acceptances
180 days
40%E
None
53601(g)
25% of the
Highest letter and
Commercial Paper— Non -Pooled FundsP
270 days
number rating by an
53601(h)(2)(C)
agency's monies
NRSRO"
40% of the
Highest letter and
Commercial Paper— Pooled Funds'
270 days
number rating by an
53635(a)(1)
agency's monies
NRSRO"
Negotiable Certificates of Deposit
5 years
30%J
None
53601(i)
Non-negotiable Certificates of Deposit
5 years
None
None
53630 et seq.

Placement Service Deposits
5 years
50%K
None
53601.8 and
53635.8
Placement Service Certificates of Deposit
5 years
50%K
None
53601.8 and
53635.8
Repurchase Agreements
1 year
None
None
53601(j)
Reverse Repurchase Agreements and
20% of the base
92 days'
value of the
Nonem
53601(j)
Securities Lending Agreements
portfolio
"A" rating category or
Medium -Term Notes"
5 years
30%
its equivalent or
53601(k)
better
Mutual Funds and Money Market Mutual
N/A
20%0
MultipleP-4
53601(1) and
Funds
53601.6(b)
Collateralized Bank Deposit0
5 years
None
None
53630 et seq. and
53601(n)
"AA" rating category
Mortgage Pass —Through Securities
5 years
20%
or its equivalent or
53601(o)
better
County Pooled Investment Funds
N/A
None
None
27133
Joint Powers Authority Pool
N/A
None
Multiples
53601(p)
Local Agency Investment Fund (LAIF)
N/A
None
None
16429.1
Voluntary Investment Program FuncIT
N/A
None
None
16340
"AA" rating category
Supranational Obligations
5 years
30%
or its equivalent or
53601(q)
better
July 1, 2025 —July 31, 2025 Page 8 of 11

City of Temecula
Treasurer's Report

TABLE OF NOTES
A. Sources: Sections 16340, 16429.1, 27133, 53601, 53601.6, 53601.8, 53630 et seq., 53635, 53635.8, and 57603.

B. Municipal Utilities Districts have the authority under the Public Utilities Code Section 12871 to invest in certain securities not addressed here.

C. Section 53601 provides that the maximum term of any
investment authorized under this section, unless otherwise stated, is five years. However, the legislative body may grant express authority to make investments either specifically or as a part of an investment program approved by the
legislative body that exceeds this five-year remaining
maturity limit. Such approval must be issued no less than three months prior to the purchase of any security exceeding the five-year maturity limit.

D. Percentages apply to all portfolio investments regardless of source of funds. For instance, cash from a reverse repurchase agreement would be subject to the restrictions.

E. No more than 30 percent of the agency's money may be in bankers' acceptances of any one commercial bank.

F. Includes agencies defined as a city, a district, or other local agency that do not pool money in deposits or investment with other local agencies, other than local agencies that have the same governing body.

G. Local agencies, other than counties or a city and county, may purchase no more than 10 percent of the outstanding
commercial paper of any single issuer.

H. Issuing corporation must be organized and operating within the U.S., have assets in excess of $500 million, and debt other than commercial paper must be in a rating category of "A" or its equivalent or higher by a nationally recognized statistical rating organization, or the issuing corporation must be organized within the U.S. as a special purpose corporation, trust, or LLC, has program wide credit enhancements, and has commercial paper that is rated "A-1" or higher, or the
equivalent, by a nationally recognized statistical rating agency.

I. Includes agencies defined as a county, a city and county, or other local agency that pools money in deposits or
investments with other local agencies, including local
agencies that have the same governing body. Local agencies that pool exclusively with other local agencies that have the same governing body must adhere to the limits set forth in Section 53601(h)(2)(C).

J. No more than 30 percent of the agency's money may be in negotiable certificates of deposit that are authorized under Section 53601(i).

K. Effective January 1, 2020, no more than 50 percent of the agency's money may be invested in deposits, including
certificates of deposit, through a placement service as authorized under 53601.8 (excludes negotiable certificates of deposit authorized under Section 53601(i)). On January 1, 2026, the maximum percentage of the portfolio reverts back to 30 percent. Investments made pursuant to 53635.8 remain subject to a maximum of 30 percent of the portfolio.

L. Reverse repurchase agreements or securities lending
agreements may exceed the 92-day term if the agreement
includes a written codicil guaranteeing a minimum earning or spread for the entire period between the sale of a security using a reverse repurchase agreement or securities lending agreement and the final maturity dates of the same security.

M. Reverse repurchase agreements must be made with primary dealers of the Federal Reserve Bank of New York or with a nationally or state -chartered bank that has a significant relationship with the local agency. The local agency must have held the securities used for the agreements for at least 30 days.

N. "Medium -term notes" are defined in Section 53601 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." O. No more than 10 percent invested in any one mutual fund.

This limitation does not apply to money market mutual funds.

P. A mutual fund must receive the highest ranking by not less than two nationally recognized rating agencies or the fund must retain an investment advisor who is registered with the SEC (or exempt from registration), has assets under
management in excess of $500 million, and has at least five years' experience investing in instruments authorized by Sections 53601 and 53635.

Q. A money market mutual fund must receive the highest
ranking by not less than two nationally recognized statistical rating organizations or retain an investment advisor
registered with the SEC or exempt from registration and who has not less than five years' experience investing in money market instruments with assets under management in excess of $500 million.

R. Investments in notes, bonds, or other obligations under Section 53601(n) require that collateral be placed into the custody of a trust company or the trust department of a bank that is not affiliated with the issuer of the secured obligation, among other specific collateral requirements.

S. A joint powers authority pool must retain an investment advisor who is registered with the SEC (or exempt from
registration), has assets under management in excess of $500 million, and has at least five years' experience investing in instruments authorized by Section 53601, subdivisions (a) to (o).

T. Local entities can deposit between $200 million and $10 billion into the Voluntary Investment Program Fund, upon approval by their governing bodies. Deposits in the fund will be invested in the Pooled Money Investment Account.

U. Only those obligations issued or unconditionally guaranteed by the International Bank for Reconstruction and
Development (IBRD), International Finance Corporation (IFC), and Inter -American Development Bank (IADB), with a
maximum remaining maturity of five years or less.

July 1, 2025 — July 31, 2025 Page 9 of 11

City of Temecula
Treasurer's Report

6.0 APPENDIX B - GLOSSARY OF TERMS
Accrued Interest: Interest earned but not yet received.

Active Deposits: Funds which are immediately required for disbursement.

Agencies: Federal agency securities and/or Government
Sponsored Enterprises (GSE) which include Federal Home Loan Bank (FHLB), Federal National Mortgage Association (FNMA), Federal Home Loan Mortgage Corporation (FHLMC), Federal Farm Credit Bank (FFCB), and Federal Agricultural Mortgage Association (Farmer Mac).

Amortization: An accounting practice of gradually decreasing (increasing) an asset's book value by spreading its depreciation (accretion) over a period of time.

Annual Comprehensive Financial Report (ACFR): The official annual financial report for the City. It includes five combined statements and basic financial statements for each individual fund and account group prepared in conformity with Generally Accepted Accounting Principles (GAAP).

Ask Price: The price a broker/dealer offers to sell securities.

Bankers' Acceptance (BA): A draft or bill or exchange accepted by a bank or trust company. The accepting institution guarantees payment of the bill, as well as the issuer.

Basis Point: One basis point is one hundredth of one percent (0.01).

Benchmark: A comparative base for measuring the performance or risk tolerance of the investment portfolio. A benchmark should represent a close correlation to the level of risk and the average duration of the portfolio's investments.

Bid Price: The price a broker/dealer offers to purchase securities.

Bond: A financial obligation for which the issuer promises to pay the bondholder a specified stream of future cash flows, including periodic interest payments and a principal repayment.

Book Value: The value at which a debt security is shown on the holder's balance sheet. Book value is acquisition cost less amortization of premium or accretion of discount.

Certificate of Deposit: A deposit insured up to $250,000 (current amount) by the FDIC at a set rate for a specified period of time.

Collateral: Securities, evidence of deposit, or pledges to secure repayment of a loan. Also refers to securities pledged by a bank to secure deposit of public moneys.

Constant Maturity Treasury (CMT): An average yield of a specific Treasury maturity sector for a specific time frame. This is a market index for reference of past direction of interest rates for the given Treasury maturity range.

Coupon: The annual rate of interest that a bond's issuer promises to pay the bondholder on the bond's face value.

Credit Analysis: A critical review and appraisal of the economic and financial conditions or of the ability to meet debt obligations.

Current Yield: The interest paid on an investment expressed as a percentage of the current price of the security.

Custody: A banking service that provides safekeeping for the individual securities in a customer's investment portfolio under a written agreement which also calls for the bank to collect and pay out income, to buy, sell, receive and deliver securities when ordered to do so by the principal.

Delivery vs. Payment (DVP): Delivery of securities with a simultaneous exchange of money for the securities.

Discount: The difference between the cost of a security and its value at maturity when quoted at lower than face value.

Diversification: Dividing investment funds among a variety of securities offering independent returns and risk profiles.

Duration: The weighted average maturity of a bond's cash flow stream, where the present value of the cash flows serve as the weights; the future point in time at which on average, an investor has received exactly half of the original investment, in present value terms; a bond's zero -coupon equivalent; the fulcrum of a bond's present value cash flow time line.

Fannie Mae: Trade name for the Federal National Mortgage Association (FNMA), a U.S. sponsored corporation.

Federal Reserve System: The central bank of the U.S. which consists of a seven -member Board of Governors, 12 regional banks, and 5,700 commercial banks that are members.

Federal Deposit Insurance Corporation (FDIC): Insurance provided to customers of a subscribing bank which guarantees deposits to a set limit (currently $250,000) per account.

Fed Wire: A wire transmission service established by the Federal Reserve Bank to facilitate the transfer of funds through debits and credits of funds between participants within the Fed system.

Freddie Mac: Trade name for the Federal Home Loan Mortgage Corporation (FHLMC), a U.S. sponsored corporation.

Ginnie Mae: Trade name for the Government National Mortgage Association (GNMA), a direct obligation bearing the full faith and credit of the U.S. Government.

Inactive Deposits: Funds not immediately needed for
disbursement.

Interest Rate: The annual yield earned on an investment, expressed as a percentage.

Investment Agreements: An agreement with a financial
institution to borrow public funds subject to certain negotiated terms and conditions concerning collateral, liquidity and interest rates.

Liquidity: Refers to the ability to rapidly convert an investment into cash.

Market Value: The price at which a security is trading and could presumably be purchased or sold.

Maturity: The date upon which the principal or stated value of an investment becomes due and payable.

Medium Term Notes: 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.

New Issue: Term used when a security is originally "brought" to market.

July 1, 2025 — July 31, 2025 Page 10 of 11

City of Temecula
Treasurer's Report
Perfected Delivery: Refers to an investment where the actual security or collateral is held by an independent third party representing the purchasing entity.

Portfolio: Collection of securities held by an investor.

Primary Dealer: A group of government securities dealers that submit daily reports of market activity and security positions held to the Federal Reserve Bank of New York and are subject to its informal oversight.

Purchase Date: The date in which a security is purchased for settlement on that or a later date.

Rate of Return: The yield obtainable on a security based on its purchase price or its current market price. This may be the amortized yield to maturity on a bond or the current income return.

Repurchase Agreement (REPO): A transaction where the seller (bank) agrees to buy back from the buyer (City) the securities at an agreed upon price after a stated period of time.

Reverse Repurchase Agreement (REVERSE REPO): A transaction where the seller (City) agrees to buy back from the buyer (bank) the securities at an agreed upon price after a stated period of time.

Risk: Degree of uncertainty of return on an asset.

Safekeeping: see Custody.

Sallie Mae: Trade name for the Student Loan Marketing
Association (SLMA), a U.S. sponsored corporation.

Secondary Market: A market made for the purchase and sale of outstanding issues following the initial distribution.

Settlement Date: The date on which a trade is cleared by delivery of securities against funds.

Structured Notes: Notes issued by Government Sponsored
Enterprises (FHLB, FNMA, FHLMC, etc.) and Corporations, which have imbedded options (e.g., call features, step-up coupons, floating rate coupons, derivative -based returns) into their debt structure. Their market performance is impacted by the
fluctuation of interest rates, the volatility of the imbedded options and shifts in the shape of the yield curve.

Supranationals: A supranational organization is formed by a group of countries through an international treaty with specific objectives such as promoting economic development.

Supranational organizations also issue debt in the United States.

The most commonly recognized supranational debt is the
International Bank for Reconstruction and Development (IBRD or World Bank), International Finance Corporation (IFC) and Inter - American Development Bank (IADB).

Treasury Bills: U.S. Treasury Bills which are short-term, direct obligations of the U.S. Government issued with original maturities of 13 weeks, 26 weeks and 52 weeks; sold in minimum amounts of $10,000 in multiples of $5,000 above the minimum.

Issued in book entry form only. T-bills are sold on a discount basis.

Treasury Bonds: Long-term coupon -bearing U.S. Treasury securities issued as direct obligations of the U.S. Government and having initial maturities of more than 10 years.

Treasury Notes: Medium -term coupon -bearing U.S. Treasury securities issued as direct obligations of the U.S. Government and having initial maturities from two to 10 years.

U.S. Government Agencies: Instruments issued by various US Government Agencies most of which are secured only by the credit worthiness of the particular agency.

Yield: The rate of annual income return on an investment, expressed as a percentage. It is obtained by dividing the current dollar income by the current market price of the security.

Yield to Maturity: The rate of income return on an investment, minus any premium or plus any discount, with the adjustment spread over the period from the date of purchase to the date of maturity of the bond, expressed as a percentage.

Yield Curve: The yield on bonds, notes or bills of the same type and credit risk at a specific date for maturities up to thirty years.

July 1, 2025 — July 31, 2025 Page 11 of 11

Item No. 5

CITY OF TEMECULA

AGENDA REPORT
TO: City Manager/City Council
FROM: Randi Johl, Director of Legislative Affairs/City Clerk DATE: September 23, 2025
SUBJECT: Adopt Ordinance No. 2025-13 Amending Sections 2.40.030, 2.40.050, 2.40.060, And 2.40.100 of the Temecula Municipal Code Relating to the Qualifications, Appointment and Removal, Term and Compensation for City Commission Members (Second Reading)
PREPARED BY: Randi Johl, Director of Legislative Affairs/City Clerk RECOMMENDATION: That the City Council adopt an ordinance entitled:

ORDINANCE NO. 2025-13

AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF
TEMECULA AMENDING SECTIONS 2.40.030, 2.40.050,

2.40.060, AND 2.40.100 OF THE TEMECULA MUNICIPAL

CODE RELATING TO THE QUALIFICATIONS,

APPOINTMENT AND REMOVAL, TERM AND

COMPENSATION FOR CITY COMMISSION MEMBERS
BACKGROUND: The City of Temecula is a general law city formed under the laws of the State of California. With respect to adoption of ordinances and resolutions, the City adheres to the requirements set forth in the Government Code. With the exception of urgency ordinances, Government Code Section 36934 requires two readings of standard ordinances more than five days apart.

Ordinance No. 2025-13 was first introduced at the regularly scheduled meeting of September 9, 2025.

FISCAL IMPACT: None
ATTACHMENTS: Ordinance

ORDINANCE NO.2025-13

AN ORDINANCE OF THE CITY COUNCIL OF THE CITY
OF TEMECULA AMENDING SECTIONS 2.40.030, 2.40.050,

2.40.060, AND 2.40.100 OF THE TEMECULA MUNICIPAL

CODE RELATING TO THE QUALIFICATIONS,

APPOINTMENT AND REMOVAL, TERM AND

COMPENSATION FOR CITY COMMISSION MEMBERS

THE CITY COUNCIL OF THE CITY OF TEMECULA DOES HEREBY ORDAIN AS FOLLOWS:

Section 1. Section 2.40.030 of the Temecula Municipal Code is hereby amended to read as follows:
"§2.40.030. Qualifications. Unless otherwise specifically provided by law, or by ordinance or resolution of the city council, all members of commissions of the city shall, at all times during their incumbencies, be residents of the city. No member of any commission shall be a city employee, nor shall any person be a member of more than one commission at any one time."
Section 2. Section 2.40.050 of the Temecula Municipal Code is hereby amended to read as follows:
"§2.40.050. Members —Appointment and removal. Members of each commission shall be appointed by the city council. Each council member shall nominate one member of the commission. The slate of nominations shall require confirmation by a majority vote of the entire city council. The council may, by resolution, adopt procedures for council consideration of candidates for each commission. A majority of the council may remove an appointee for good cause. The chairperson and vice -chairperson of each commission shall be selected by a majority of the membership of that commission." Section 3. Section 2.40.060 the Temecula Municipal Code is hereby amended to read as follows:
"§2.40.060. Term. The term of each commission member shall be set forth by resolution.

Commission members are not subject to term limits and may be reappointed at the nomination of an individual council member pursuant to resolution." Section 4. Section 2.40.100 of the Temecula Municipal Code is hereby amended to read as follows:
"§2.40.100. Compensation. City commissioners shall receive a monthly compensation or stipend of $150 per meeting attended."
Section 5. If any sentence, clause or phrase of this ordinance is for any reason held to be unconstitutional or otherwise invalid, such decision shall not affect the validity of the remaining provisions of this ordinance. The City Council hereby declares that it would have passed this

ordinance and each sentence, clause or phrase thereof irrespective of the fact that any one or more sentences, clauses or phrases be declared unconstitutional or otherwise invalid.

Section 6. The City Clerk of the City of Temecula shall certify to the passage and adoption of this Ordinance and shall cause the same to be published or posted in the manner required by law.

PASSED, APPROVED, AND ADOPTED by the City Council of the City of Temecula this 23rd day of September, 2025.

Brenden Kalfus, Mayor
ATTEST:

Randi Johl, City Clerk
[SEAL]

STATE OF CALIFORNIA )
COUNTY OF RIVERSIDE ) ss

CITY OF TEMECULA )
I, Randi Johl, City Clerk of the City of Temecula, do hereby certify that the foregoing Ordinance No. 2025-13 was duly introduced and placed upon its first reading at a meeting of the City Council of the City of Temecula on the 9th day of September, 2025, and that thereafter, said Ordinance was duly adopted by the City Council of the City of Temecula at a meeting thereof held on the 23rd day of September, 2025, by the following vote:

AYES: COUNCIL MEMBERS:

NOES: COUNCIL MEMBERS:

ABSTAIN: COUNCIL MEMBERS:

ABSENT: COUNCIL MEMBERS:

Randi Johl, City Clerk

Item No. 6

CITY OF TEMECULA

AGENDA REPORT
TO: City Manager/City Council
FROM: Jennifer Hennessy, Director of Finance
DATE: September 23, 2025
SUBJECT: Approve Cooperative Agreement with the County of Riverside, Fire Department to Provide Fire Protection, Fire Prevention, Rescue, Fire Marshal, Hazmat, and Medical Emergency Services for the City of Temecula for Fiscal Years 2025-26 through 2029-30
RECOMMENDATION: That the City Council approve a cooperative agreement with the County of Riverside, Fire Department to provide Fire Protection, Fire Prevention, Rescue, Fire Marshal, Hazmat, and Medical Emergency Services for the City of Temecula for Fiscal Years 2025-26 through 2029-30.

BACKGROUND: Since the City of Temecula's incorporation, Fire services have been provided through a Cooperative Fire Service Agreement to provide fire protection, fire prevention, rescue, fire marshal and medical aid with the County of Riverside. At it's June 10, 2025 meeting, Council approved a 4-month extension to the existing contract to extend services through October 30, 2025, to complete the negotiations of the attached 5-year Agreement.

The attached Agreement includes the continued cost sharing arrangement for staffing and fleet support costs at Fire Station 95, whereby the County will continue to pay for the following:
- 1 Fire Captain
$305,922
- 1 Fire Apparatus Engineer
$268,884
- 1 Firefighter II
$232,324
- 1 Firefighter II Paramedic
$261,769
- '/2 Fleet Support costs
$45,428
Total Estimate (FY2025-26)
$1,114,328
Exhibit A to the Agreement provides the estimated staffing costs, which are summarized in the table below. The County will bill the City actual costs as they are incurred.

Fiscal Year
2025-26
Contract Cost Less:Structural
Estimate
24,526,900
Estimated
Fire Tax Credit
(12,991,081)
Cost
to City
11,535,819
2026-27
25,790,756
(12,991,081)
12,799,675
2027-28
27,056,741
(12,991,081)
14,065,660
2028-29
28,385,922
(12,991,081)
15,394,841
2029-30
28,385,922
(12,991,081)
15,394,841

Given the current shortage of Paramedics, CalFire has mandated a redistribution of Paramedics throughout Riverside County. The Agreement reflects the current redistribution of six Firefighter II Paramedic positions, which are currently filled at the Firefighter II level. Once the Paramedic shortage is resolved, the Agreement allows for staffing levels to revert to the original configuration and a budget adjustment will come forward to the Council if needed.

Staffing levels will remain at the 4-person per engine standard. If the City wishes to enter into a new agreement with the County or request a change in the level of Fire Services provided, a written notice must be provided to the County one year prior to the expiration of this Agreement (June 30, 2029).

FISCAL IMPACT: As reflected in the Exhibit A of the attached Amendment, Fiscal Year 2025-26 Fire Contract services, net of the County Structure Fire Tax Credit, are estimated to be $11,535,819 which is reflected in the Fiscal Year 2025-26 Adopted Operating Budget.

ATTACHMENTS: Cooperative Agreement

A COOPERATIVE AGREEMENT

TO PROVIDE FIRE PROTECTION, FIRE PREVENTION, RESCUE, FIRE MARSHAL,

HAZMAT, AND MEDICAL EMERGENCY SERVICES FOR THE CITY OF TEMECULA THIS AGREEMENT ("Agreement"), made and entered into this day of , 2025, by and between the County of Riverside, a political subdivision of the State of California, on behalf of the Fire Department (hereinafter referred to as "COUNTY"), and the City of Temecula, a municipal corporation (hereinafter referred to as "CITY"), whereby it is agreed as follows:

SECTION I: PURPOSE
A. The purpose of this Agreement is to arrange for COUNTY, through its Cooperative Fire Programs Fire Protection Reimbursement Agreement ("CAL FIRE Agreement") with the California Department of Forestry and Fire Protection ("CAL FIRE") to provide CITY with fire protection, hazardous materials mitigation, technical rescue response, fire marshal, medical emergency services, and public service assists (hereinafter called "Fire Services"). This Agreement is entered into pursuant to the authority granted by Government Code section 55600 et seq. and will provide a unified, integrated, cooperative, regional fire protection system. COUNTY's ability to perform under this Agreement is subject to the terms and conditions of the CAL FIRE Agreement.

B. This Agreement is also to outline the cost sharing of the fire engine personnel assigned to Fire Sation 95 Roripaugh between the CITY and COUNTY. The CITY and COUNTY agree that the Roripaugh fire engine currently provides services to the City of Temecula as well as to the unincorporated territory of the County. The Agreement includes the following as set forth in the Exhibit "A":

1. The COUNTY will pay for one (1) Fire Captain, one (1) Fire Apparatus Engineer, one (1) Firefighter II, one (1) Firefighter II Paramedic and one— half ( 1/2 ) Fleet Support costs in the fiscal years set forth in the Exhibit A.
13 2. The CITY will own and maintain the Fire Station.

3. The cost share will be re—evaluated by both the CITY and the COUNTY at the end of the Agreement period prior to any extension or renewal.

C. This Agreement also outlines the Medic Redistribution mandated by Cal Fire for the County of Riverside, in response to a regional paramedic shortage. The CITY and the COUNTY agree that once the paramedic shortage is resolved, staffing levels will revert to their original configuration. In compliance with the Medic Redistribution, the staffing outlined in Exhibit A has been modified as follows:

1. One (1) Firefighter 11 Paramedic position has been reclassified to Firefighter II on Engine 73
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July 1, 2025 to June 30, 2030
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2. Three (3) Firefighter II Paramedic positions have been reclassified to Firefighter 11 on Truck 73.

3. One (1) Firefighter II Paramedic position has been reclassified to Firefighter II on Engine 92.

4. One (1) Firefighter II Paramedic position has been reclassified to Firefighter II on Engine 95.

SECTION 11: DESIGNATION OF FIRE CHIEF
A. The County Fire Chief appointed by the County Board of Supervisors, or his/her designee (hereinafter referred to as "Chief"), shall represent COUNTY and CITY during the period of this Agreement, and Chief shall, under the supervision and direction of the County Board of Supervisors, have charge of the organization described in Exhibit "A," attached hereto and made a part hereof, for the purpose of providing Fire Services as deemed necessary to satisfy the needs of both the COUNTY and CITY, except upon those lands wherein other agencies of government have responsibility for the same or similar Fire Services.

B. The COUNTY will assign an existing Chief Officer as the Fire Department Liaison ("Fire Liaison"). The Chief may delegate certain authority to the Fire Liaison, as the Chief's duly authorized designee, and the Fire Liaison shall be responsible for directing the Fire Services provided to CITY via the Cooperative Agreement between the COUNTY and CAL FIRE.

C. The Chief Deputy of County Fire shall be the COUNTY Contract Administrator and is the liaison for the administration of this agreement.

D. COUNTY will be allowed flexibility in the assignment of available personnel and equipment in order to provide the Fire Services as agreed upon herein. This flexibility shall include, but is not limited to, staffing challenges and equipment availability. The CITY shall be notified of any changes in classifications provided that differ from the Exhibit SECTION III: PAYMENT FOR SERVICES
A. CITY shall annually appropriate a fiscal year budget to support the Fire Services designated at a level of service mutually agreed upon by both parties and as set forth in Exhibit "A" for the term of this Agreement. This Exhibit may be amended in writing by mutual agreement by both parties or when a CITY requested increase or reduction in services is approved by COUNTY.

B. COUNTY provides fire personnel and services through its CAL FIRE Agreement. In the event CITY desires an increase or decrease in CAL FIRE or COUNTY civil service employees or services assigned to CITY as provided for in Exhibit "A," CITY Cooperative Fire Agreement
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July 1, 2025 to June 30, 2030
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shall provide one hundred twenty (120) days' written notice of the proposed requested increase or decrease. Proper notification shall include the following: (1) the total amount of increase or decrease; (2) the effective date of the increase or decrease; (3) the number of employees, by classification, affected by the proposed increase or decrease; and (4) the date the notice is sent to COUNTY. If such notice is not provided, CITY shall reimburse COUNTY for relocation costs incurred by COUNTY because of the increase or decrease, in addition to any other remedies available resulting from the increase or decrease in services. COUNTY is under no obligation to approve any requested increase or decrease, and it is expressly understood by the parties that in no event will COUNTY authorize or approve CITY's request to reduce services below the COUNTY Board of Supervisors approved staffing level for any fire station, or to reduce services to the extent that the services provided under this Agreement are borne by other jurisdictions.

COUNTY shall render a written decision on whether to allow or deny the increase or decrease within thirty (30) days of the notice provided pursuant to this section.

C. CITY shall pay COUNTY actual costs for Fire Services pursuant to this Agreement. COUNTY shall make a claim to CITY for the actual cost of contracted services, pursuant to Exhibit "A," on a quarterly basis. The COUNTY is mandated per Government Code section 51350 for full cost recovery. CITY shall pay each claim, in full, within thirty (30) days after receipt thereof.

D. Any changes to the salaries or expenses set forth in Exhibit "A" made necessary by action of the Riverside County Board of Supervisors, Legislature, CAL FIRE, or any other public agency with authority to direct changes in the level of salaries or expenses, shall be paid from the funds represented as set forth in Exhibit "A." The CITY is obligated to expend or appropriate any sum in excess of Exhibit "A" increased by action of the Legislature, CAL FIRE, or any other public agency with authority to direct changes. If within thirty (30) days after notice, in writing, from COUNTY to CITY that the actual cost of maintaining the services specified in Exhibit "A" as a result of action by the Riverside County Board of Supervisors, Legislature, CAL FIRE, or other public agency will exceed the total amount specified therein, and CITY has not agreed to make available the necessary additional funds, COUNTY shall have the right to unilaterally reduce the services furnished under this Agreement by an appropriate amount and shall promptly notify CITY, in writing, specifying the services to be reduced. Any COUNTY or CAL FIRE personnel reduction resulting solely due to an increase in employee salaries or expenses occurring after signing this Agreement and set forth in Exhibit "A" that CITY does not agree to fund, as described above, shall not be subject to relocation expense reimbursement by CITY. If CITY desires to add funds to the total included herein to cover the cost of increased salaries or services necessitated by actions described in this paragraph, such increase shall be accomplished by an additional appropriation by the City Council of CITY, and the appropriate amendment(s) to Exhibits "A," "C," and "D" approved by the parties hereto.

E. Chief Deputy of County Fire, as the COUNTY Contract Administrator, is authorized to negotiate and execute any amendments to Exhibit "A", Exhibit "C", or Exhibit "D" of this Agreement on behalf of COUNTY as authorized by the Board of Supervisors.

CITY shall designate a "Contract Administrator" who shall, under the supervision and Cooperative Fire Agreement
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direction of CITY, be authorized to execute amendments to Exhibit "A," "C," or "D" on behalf of CITY.

F. [ X ] (Check only if applicable, and please initial to acknowledge) Additional terms as set forth in the attached Exhibit "B" Payment for Services Additional Terms are incorporated herein and shall additionally apply to this agreement regarding payment of services.

G. [ X ] (Check only if applicable, and please initial to acknowledge) Additional terms as set forth in the attached Exhibit "C" are incorporated herein and shall additionally apply to this agreement regarding payment for the Fire Engine Use Agreement.

H. [ X ] (Check only if applicable, and please initial to acknowledge) Additional terms as set forth in the attached Exhibit "D" are incorporated herein and shall additionally apply to this agreement regarding payment for Fire Marshal Services.

I. Notwithstanding Paragraph G, as it relates to the Fire Engine Use Agreement, if applicable, additional terms as set forth are incorporated herein and shall additionally apply to this Agreement regarding payment of services. In the event that a fire engine, owned and maintained by the CITY has a catastrophic failure or is requested by the CITY, the COUNTY Fire Chief or Chief Deputy of County Fire may allow use of a COUNTY fire engine, free of charge up to one hundred twenty (120) days. After the initial one hundred twenty (120) days, a rental fee will be applied to the CITY invoice for use of said COUNTY fire engine. The rental fee shall be based upon the County Board of Supervisors Approved Fire Department Cost Recovery rates.

J. Notwithstanding Paragraph H, as it relates to Fire Marshal services, if applicable, additional terms as set forth are incorporated herein and shall additionally apply to this Agreement regarding Fire Marshal services. In the event the CITY elects not to fund direct Fire Marshal personnel services outlined in Paragraph H (Exhibit "D"), the services must be provided by the COUNTY Office of the Fire Marshal pursuant to Health and Safety Code sections 13145 and 13146 and at a cost to the developer as outlined in COUNTY Ordinance No. 671 (Establishing Consolidated Fees for Land Use and Related Functions). Any services not provided for under Ordinance No. 671 will be at a cost to the CITY based upon the COUNTY -approved productive hourly rate for cost recovery.

K. In the event that a COUNTY -owned squad, aerial apparatus, patrol (Type VI), or light vehicle is requested by the CITY for temporary operational use, the COUNTY Fire Chief or Chief Deputy of County Fire may allow use of a COUNTY squad, aerial apparatus, patrol (Type VI), or light vehicle, free of charge up to one hundred twenty (120) days. After the initial one hundred twenty (120) days, a rental fee will be applied to the CITY invoice for use of said COUNTY squad, patrol (Type VI) or light vehicle based upon the County Board of Supervisors Approved Fire Department Cost Recovery rates.

L. In the event that a CITY elects to fund additional COUNTY positions not associated with Fire Marshal services, the positions will be outlined in the Exhibit "A." Costs shall include, but are not limited to, IT, Communication, Uniforms, and general field Cooperative Fire Agreement
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July 1, 2025 to June 30, 2030
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supplies. All costs, including salaries and benefits, will be included in each quarterly invoice as outlined in Section III, Paragraph C.

SECTION IV: INITIAL TERM AND AMENDMENT
A. The term of this Agreement shall be from July 1, 2025, to June 30, 2030.

B. One (1) year prior to the date of expiration of this Agreement, CITY shall give COUNTY written notice of whether CITY intends to enter into a new Agreement with COUNTY for Fire Services and, if so, whether CITY intends to request a change in the level of Fire Services provided under this Agreement.

SECTION V: TERMINATION
During the term of this Agreement, this Agreement may only be terminated by the voters of either the COUNTY or the CITY pursuant to Government Code section 55603.5.

SECTION VI: COOPERATIVE OPERATIONS
All Fire Services contemplated under this Agreement shall be performed by both parties to this Agreement working as one unit; therefore, personnel and/or equipment belonging to either CITY or COUNTY may be temporarily dispatched elsewhere from time to time for mutual aid.

SECTION VII: MUTUAL AID
Pursuant to Health and Safety Code section 13050 et seq., when rendering mutual aid or assistance, COUNTY may, at the request of CITY, demand payment of charges and seek reimbursement of CITY costs for personnel, equipment use, and operating expenses as funded herein, under authority given by Health and Safety Code sections 13051 and 13054. COUNTY, in seeking said reimbursement pursuant to such request of CITY, shall represent the CITY by following the procedures set forth in Health and Safety Code section 13052. This recovery does not include CITY resources outside of this Cooperative Agreement. Those resources would require the CITY to obtain cost recovery directly.

In all such instances, COUNTY shall give timely notice of the possible application of Health and Safety Code sections 13051 and 13054 to the officer designated by CITY.

SECTION VIII: SUPPRESSION COST RECOVERY
As provided in Health and Safety Code section 13009, County Ordinance No. 787.10, Section 5.D.2., and the California Fire Code, COUNTY may bring an action for collection of suppression costs of any fire caused by negligence, violation of law, or failure to correct noticed fire safety violations. Additionally, COUNTY may bring action for collection to any person who negligently, intentionally or in violation of law causes an Cooperative Fire Agreement
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emergency response, including, but not limited to, a traffic accident, spill of toxic or flammable fluids or chemicals is liable for the costs of securing such emergency, including those costs pursuant to Government Code section 53150 et seq. as may be amended from time to time. When using CITY equipment and personnel under the terms of this Agreement, COUNTY may bring such actions for collection of costs incurred by CITY and the COUNTY. In such a case CITY appoints and designates COUNTY as its agent in said collection proceedings. In the event of recovery, COUNTY shall apportion the recovered amount via the annual Cost Allocation Plan. This recovery does not include CITY resources outside of this Cooperative Agreement. Those resources would require the CITY to obtain cost recovery directly.

In all such instances, COUNTY shall give timely notice of the possible application of Health and Safety Code section 13009 to the officer designated by CITY.

SECTION IX: PROPERTY ACCOUNTING
All personal property provided by CITY and by COUNTY for the purpose of providing Fire Services under the terms of this Agreement shall be marked and accounted for in such a manner as to conform to the standard operating procedure established by the COUNTY for the segregation, care, and use of the respective property of each.

SECTION X: FACILITY
CITY shall provide Fire Station(s), strategically located to provide standard response time within the City of Temecula from which fire operations shall be conducted.

If the Fire Station(s) are owned by the CITY, the CITY shall maintain the facilities at CITY's cost and expense. In the event CITY requests COUNTY to undertake repairs or maintenance costs or services, the costs and expenses of such repairs or maintenance shall be reimbursed to COUNTY through the Support Services Cost Allocation, or as a direct Invoice to the CITY.

SECTION XI: INDEMNIFICATION AND HOLD HARMLESS
To the fullest extent permitted by applicable law, COUNTY shall and does agree to indemnify, protect, defend and hold harmless CITY, its agencies, districts, special districts and departments, their respective directors, officers, elected and appointed officials, employees, agents and representatives (collectively, "Indemnitees") for, from and against any and all liabilities, claims, damages, losses, liens, causes of action, suits, awards, judgments and expenses, attorney and/or consultant fees and costs, taxable or otherwise, of any nature, kind or description of any person or entity, directly or indirectly arising out of, caused by, or resulting from (1) the Services performed hereunder by COUNTY, or any part thereof, or by CAL FIRE (2) the Agreement, including any approved amendments or modifications, or (3) any negligent act or omission related to the Services performed under this Agreement of COUNTY, CAL -FIRE, their officers, employees, subcontractors, agents, or representatives or willful misconduct of COUNTY, its officers, employees, subcontractors, agents, or representatives (collectively, "Liabilities").

Cooperative Fire Agreement
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Notwithstanding the foregoing, the only Liabilities with respect to which COUNTY's obligation to indemnify, including the cost to defend, the Indemnitees does not apply is with respect to Liabilities resulting from the negligence or willful misconduct of an Indemnitee, or to the extent such claims do not arise out of, pertain to or relate to the Scope of Work in the Agreement.

To the fullest extent permitted by applicable law, CITY shall and does agree to indemnify, protect, defend and hold harmless COUNTY, its agencies, departments, directors, officers, agents, Board of Supervisors, elected and appointed officials and representatives (collectively, "Indemnitees") for, from and against any and all liabilities, claims, damages, losses, liens, causes of action, suits, awards, judgments and expenses, attorney and/or consultant fees and costs, taxable or otherwise, of any nature, kind or description of any person or entity, directly or indirectly arising out of, caused by, or resulting from (1) the services performed hereunder, by CITY, or any part thereof, (2) the Agreement, including any approved amendments or modifications, or (3) any negligent act or omission or willful misconduct of CITY, its officers, employees, subcontractors, agents, or representatives (collectively, "Liabilities"). Notwithstanding the foregoing, the only Liabilities with respect to which CITY's obligation to indemnify, including the cost to defend, the Indemnitees does not apply is with respect to Liabilities resulting from the negligence or willful misconduct of an Indemnitee, or to the extent such claims do not arise out of, pertain to or relate to the Scope of Work in the Agreement.

SECTION XII: AUDIT
A. COUNTY and CITY agree that their designated representative shall have the right to review and to copy any records and supporting documentation of the other party hereto, pertaining to the performance of this Agreement. COUNTY and CITY agree to maintain such records for possible audit for a minimum of three (3) years after final payment, unless a longer period of records retention is stipulated or as required by law, and to allow the auditor(s) of the other party access to such records during normal business hours COUNTY and CITY agree to a similar right to audit records in any subcontract related to performance of this Agreement. (Gov. Code, § 8546.7.) B. Each party shall bear their own costs in performing a requested audit.

SECTION XIII: DISPUTES
CITY shall select and appoint a "Contract Administrator" who shall, under the supervision and direction of CITY, be available for contract resolution or policy intervention with COUNTY, when, upon determination by the Chief or County Contract Administrator that a situation exists under this Agreement in which a decision to serve the interest of CITY has the potential to conflict with COUNTY interest or policy. Any dispute concerning a question of fact arising under the terms of this Agreement which is not disposed of within a reasonable period of time by the CITY and COUNTY employees normally responsible for the administration of this Agreement shall be brought to the Cooperative Fire Agreement
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July 1, 2025 to June 30, 2030
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attention of the Chief Executive Officer (or designated representative) of each organization for joint resolution. For purposes of this provision, a "reasonable period of time" shall be ten (10) calendar days or less. CITY and COUNTY agree to continue with the responsibilities under this Agreement during any dispute. Disputes that are not resolved informally by and between CITY and COUNTY representatives may be resolved, by mutual agreement of the parties, through mediation. Such mediator will be jointly selected by the parties. The costs associated with mediator shall be shared equally among the participating parties. If the mediation does not resolve the issue(s), or if the parties cannot agree to mediation, the parties reserve the right to seek remedies as provided by law or in equity. The parties agree, pursuant to Battaglia Enterprises v.

Superior Court (2013) 215 Cal.App.4t" 309, that each of the parties are sophisticated and negotiated this agreement and this venue at arm's length. Pursuant to this Agreement, the parties agree that venue for litigation shall be in the Superior Court of Riverside County. Should any party attempt to defeat this section and challenge venue in Superior Court, the party challenging venue stipulates to request the Court change venue to San Bernardino County and shall not ask for venue in any other County.

Any claims or causes of actions, whether they arise out of unresolved disputes as specified in this Section or claims by third parties that are made against the COUNTY, shall be submitted to the Office of the Clerk of the Board for the County of Riverside in a timely manner. For claims that involve CAL FIRE employees, the claims shall be submitted to State of California Office of Risk and Insurance Management Department of General Services directly for processing.

SECTION XIV: ATTORNEYS' FEES
If CITY fails to remit payments for services rendered pursuant to any provision of this Agreement, COUNTY may seek recovery of fees through litigation, in addition to all other remedies available.

In the event of litigation between COUNTY and CITY to enforce any of the provisions of this Agreement or any right of either party hereto, the unsuccessful party to such litigation agrees to pay the prevailing party's costs and expenses, including reasonable attorneys' fees, all of which shall be included in and as a part of the judgment rendered in such litigation.

SECTION XV: DELIVERY OF NOTICES
Any notices to be served pursuant to this Agreement shall be considered delivered when deposited in the United States mail and addressed to:

COUNTY OF RIVERSIDE CITY OF TEMECULA
Riverside County Fire City Manager
Chief Deputy of County Fire City of Temecula
210 West San Jacinto Avenue 41000 Main Street
Perris, CA 92570 Temecula, CA 92590
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Provisions of this section do not preclude any notices being delivered in person to the addresses shown above. Delivery in person shall constitute service hereunder, effective when such service is made.

SECTION XVI: PUBLIC RECORDS ACT REQUESTS
The parties understand and acknowledge that, as a public agency, COUNTY is required to comply with the Public Records Act ("PRA," Gov. Code, § 7920 et seq.), which provides for the right of access to public records and other information in the event of the receipt of a qualifying request under the PRA. The parties understand and acknowledge that such compliance may require disclosure of all relevant, non-exempt documents that fall within the scope of a qualifying request under the PRA, including documents received from and/or concerning the other party to this Agreement.

SECTION XVII: ELECTRONIC SIGNATURE
This agreement may be executed in any number of counterparts, each of which will be an original, but all of which together will constitute one instrument. Each party of this agreement agrees to the use of electronic signatures, such as digital signatures that meet the requirements of the California Uniform Electronic Transaction Act (("CUETA") Civ. Code, §§ 1633.1 to 1633.17), for executing this agreement. The parties further agree that the electronic signatures of the parties included in this agreement are intended to authenticate this writing and to have the same force and effect as manual signatures.

Electronic signature means an electronic sound, symbol, or process attached to or logically associated with an electronic record and executed or adopted by a person with the intent to sign the electronic record pursuant to the CUETA as amended from time to time. The CUETA authorizes use of an electronic signature for transactions and contracts among parties in California, including a government agency. Digital signature means an electronic identifier, created by computer, intended by the party using it to have the same force and effect as the use of a manual signature, and shall be reasonably relied upon by the parties. For purposes of this section, a digital signature is a type of "electronic signature" as defined in subdivision (i) of Section 1633.2 of the Civil Code.

This Agreement contains the whole contract between the parties for the provision of Fire Services. It may be amended or modified upon the mutual written consent of the parties hereto where in accordance with applicable state law. This Agreement does NOT supplement other specific agreements entered into by both parties for equipment or facilities, and excepting those equipment or facilities agreements, this Agreement cancels and supersedes any previous agreement for the same or similar services. [Signature Provisions on following page]
Cooperative Fire Agreement
City of Temecula
July 1, 2025 to June 30, 2030
9of10

IN WITNESS, WHEREOF, the duly authorized officials of the parties hereto have, in their respective capacities, set their hands as of the date first hereinabove written.

Dated:

ATTEST:

Randl Johl, City Clerk
Dated:

ATTEST:

KIMBERLY A. RECTOR
Clerk of the Board
Deputy

CITY OF TEMECULA
By:

Brenda Kalfus, City Mayor
APPROVED AS TO FORM:

By:

Peter Thorson, City Attorney
COUNTY OF RIVERSIDE, a political
subdivision of the State of California
By:

Chair, Board of Supervisors
APPROVED AS TO FORM:

MINH C. TRAN,
County Counsel
By-
MELISSA R. CUSHMAN
Supervising Deputy County Counsel
VPRRUALPHMRooACounty_FinancelContract CitieslCOOPERATIVE AGREEMENTTTEMECULAITEMECULA Cooperative Agreement 07012025-06302028 20250915 FINAL. docx Cooperative Fire Agreement
City of Temecula
July 1, 2025 to June 30, 2030
10 of 10

EXHIBIT "A"

TO THE COOPERATIVE AGREEMENT TO PROVIDE

FIRE PREVENTION, RESCUE, FIRE MARSHAL, HAZMAT AND

MEDICAL EMERGENCY FOR THE CITY OF TEMECULA
CREATED AUGUST 27, 2025 FOR FY2025/2026 THRU FY2029/2030 CITY BUDGET COST ESTIMATE (with Tax Credit)
FISCAL YEAR 2025/2026
FISCAL YEAR 2026/2027
FISCAL YEAR 2027/2028
FISCAL YEAR 2028/2029
FISCAL YEAR 2029/2030
TOTAL CITY BUDGET ESTIMATE FOR FY2025/2026 THRU FY2029/2030 CITY BUDGET COST ESTIMATE (without Tax Credit)
FISCAL YEAR2025/2026
FISCAL YEAR 2026/2027
FISCAL YEAR 2027/2028
FISCAL YEAR 2028/2029
FISCAL YEAR 2029/2030
$11,535,819
$12,799,675
$14,065,660
$15,394,841
$15,394,841
$69,190,835
$24,526,900
$25,790,756
$27,056,741
$28,385,922
$28,385,922
TOTAL CITY BUDGET ESTIMATE FOR FY2025/2026 THRU FY2029/2030 $134,146,240

EXHIBIT "A"

TO THE COOPERATIVE AGREEMENT TO PROVIDE

FIRE PREVENTION, RESCUE, FIRE MARSHAL, HAZMAT AND

MEDICAL EMERGENCY FOR THE CITY OF TEMECULA
CREATED AUGUST 27, 2025 FOR FY2025/2026
*See notation below for estimate assumptions

CAPTAINS CAPTAIN ENGINEERS ENGINEER FF II FFII TOTALS
MEDICS _______ __MEDICS___ _ _ _ _MEDICS_
STA #12
Medic Engine 611,843 2
537,769
2 464,649
2 523,538 2
2,137,799
8 STA #73
Medic Engine 611,843 2
268,884
1 301,919
1 696,973
3 261,769 1
2,141,389
8 BLS Truck 917,765 3
806,653
3 1,393,946
6 3,118,364
12 STA #84
Medic Engine 611,843 2
537,769
2 464,649
2 523,538 2
2,137,799
8 STA #92
Medic Engine 611,843 2
268,884
1 301,919
1 696,973
3 261,769 1
2,141,389
8 STA #95
Medic Engine 305,922 1
301,919
1 464,649
2 0 0
1,072,490
4 County Staffing 0* 1
0*
1 0*
1 0* 1
0 4
Fixed Relief 305,922 1
301,919
1 232,324
1 261,769 1
1,101,934
4 Vac. Relief - Engine 305,922 1
268,884
1 603,839
2 464,649
2 261,769 1
1,905,063
7 66-HR Workweek 917,765 3
785,307 3
1,703,072
6 SUBTOTALS 5,200,667
2,688,844
1,811,516
4,878,811
2,879,460
$17,459,299
SUBTOTAL STAFF 18
11 6
22 12
69 CAPTAIN MEDIC
309,638
each
309,638
1 SUPERVISING FIRE MARSHAL (PCN 110077)
235,306
each
235,306
1 FIRE SAFETY SPECIALIST (PCN 00006966 & 00131494)
201,261
each
402,523
2 FIRE SYSTEMS INSPECTOR (PCN 6972, 133413, 131566,
151665, 151661 183,598
each
917,991
5 SUBTOTAL
$1,865,457
78 SUPPORT SERVICES (Fire Cost Allocation Plan)
Administrative/Operational (Schedule A)
29,965
per assigned Staff
**
2,027,732

67.67 Volunteer Program (Schedule B)
16,498
per Entity Allocation
16,498
1 Medic Program (Schedule C)
15,853
Medic FTE and
5,979
per Defib
299,396
17 Battalion Chief Support (Schedule D)
9,084
per Fire Station Staff
599,544
66 ECC Support (Schedule E)

39.94 per Call and
30,333
per Station
558,904
Fleet Support (Schedule F)
90,857
per Fire Suppression Equip
499,714

5.5 Comm/IT Support (Schedule G)

46.53 per Call and
35,337
per Station
651,118
Hazmat Support (Schedule 1)
3,904.43
per Call and
11,658
per Station
136,441

SUPPORT SERVICES SUBTOTAL
$4,789,346

DIRECT CHARGES
196,048

FIRE ENGINE USE AGREEMENT
43,350
each engine
216,750
5 TOTAL STAFF COUNT
78 TOTAL ESTIMATED CITY BUDGET
$24,526,900
• TEMECULA ESTIMATED FIRE

TAX CREDIT
($12,991,081)

NET ESTIMATED CITY BUDGET
$11,535,819
* STRUCTURAL FIRE TAXES
(11,410,283)
ESTIMATED REDEVELOPMENT PASS THRU (1,580,798)

TOTAL TAX FUNDING
($12,991,081)

4.5 Fire Stations
10,576 Number of Calls
17 Assigned Medic FTE
5 Monitors/Defibs

4.5 Hazmat Stations
21 Number of Hazmat Calls
FY25126 EXHIBIT "A"

CITY OF TEMECULA

Page 2 of 11 ends

69.0 Assigned Staff

1.0 Capt. Medic Support

1.67 Battalion Chief Allocation
(4.0) County Funded
** 67.67 Total Assigned Staff

Medic Redistribution:

Engine 73: Moved one (1) FFII Medic to FFII (total 3)
Truck 73: Moved 3 FFII Medics to FFII (total 6)
Engine 92: Moved one (1) FFII Medic to FFII (total 3)
Engine 95: Moved one (1) FFII Medic to FFII (total 2)
SUPPORT SERVICES (Fire Cost Allocation Plan)
Administrative & Operational Services
Finance / Accounting Public Affairs / Education
Training Procurement
Data Processing Fire Fighting Equip.

Personnel Office Supplies/Equip.

Volunteer Program - Support staff, Workers Comp, and Personal Liability Insurance Medic Program - Support staff, Training, Certification, Case Review & Reporting, Monitor/Defibrillator replacements Battalion Chief Support - Pooled BC coverage for Cities/Agencies.

Fleet Support - Support staff, automotive costs, vehicle/engine maintenance, fuel costs Emergency Command Center Support - Dispatch services costs Communications / IT Support - Support staff, communications, radio maintenance, computer support functions Hazmat Program - Operations staff, operating costs, and vehicle replacement FY 25/26 POSITION SALARIES TOP STEP
425,061

DEPUTY CHIEF
43,350

FIRE ENGINE
419,310

DIV CHIEF
29,965
SRVDEL
359,690

BAT CHIEF
16,498

VOL DEL
305,922
CAPT
15,853

MEDIC FTE
309,638

CAPT MEDIC
5,979

MEDIC MONITORS/DEFIBS REPLACEMENT
268,884
ENG
9,084

BC SUPPORT
301,919

ENG/MEDIC
30,333

ECC STATION
232,324
FF II

39.94 ECC CALLS
261,769

FF II/MEDIC
90,857

FLEET SUPPORT
150,349

ADMIN SVCS ANALYST II
35,337

COMM/IT STATION
126,332

ADMIN SVCS ASST

46.53 COMM/IT CALLS
239,655

DEPUTY FIRE MARSHAL
1,752

FACILITY STATION
178,120

EMERGENCY MEDICAL SERVICE SPEC
409.76

FACILITY FTE
137,794

EXECUTIVE ASSISTANT II
11,658

HAZMAT STATION
119,798

FIRE PERMIT TECHNICIAN
3,904.43

HAZMAT CALLS
140,079

FIRE PREVENTION TECHNICIAN
1,987

HAZMAT VEHICLE REPLACEMENT
201,261

FIRE SAFETY SPECIALIST
183,598

FIRE SYSTEMS INSPECTOR
110,917

OFFICE ASSISTANT III
235,306

SUPERVISING FIRE MARSHAL
*Cost Assumptions:

All Salaries based on Salary, Pay Differentials, and Operating Expenses Schedule FY 2025-2026 Dated February 6, 2025 Benefits and Admin Fee based on Final Staff Benefit Rate Matrix FY 2025-26 dated August 2025 FY 25126 DIRECT BILL ACCOUNT CODE
520230
Cellular Phone
522360
Mai nt-Extermination
520300
Pager Service
522860
Medical -Dental Supplie
520320
Telephone Service
522870
Other Medical Care M<
520800
Household Expense
522890
Pharmaceuticals
520805
Appliances
523220
Licenses And Permits
520815
Cleaning and Custodial Supp
523680
Office Equip Non Fixe<
520830
Laundry Services
526700
Rent -Lease Bldgs
520840
Household Furnishings
526940
Locks/Keys
520845
Trash
527280
Awards/Recognition
521380
Maint-Copier Machines
529500
Electricity
521440
Maint-Kitchen Equipment
529510
Heating Fuel
521540
Maint-Office Equipment
529550
Water
521600
Maint-Service Contracts
537240
Intertnd Exp-Utilities
521660
Maint-Telephone
542060
Improvements-Buildinc
521680
Maint-Underground Tanks
FY25126 EXHIBIT "A"

CITY OF TEMECULA

Page 3 of 11 ends

EXHIBIT "A"

TO THE COOPERATIVE AGREEMENT TO PROVIDE

FIRE PREVENTION, RESCUE, FIRE MARSHAL, HAZMAT AND

MEDICAL EMERGENCY FOR THE CITY OF TEMECULA
CREATED AUGUST 27, 2025 FOR FY2026/2027
*See notation below for estimate assumptions

CAPTAINS CAPTAIN ENGINEERS ENGINEER FF II FFII TOTALS
MEDICS _ _ _ __MEDICS___ _ _ _ MEDICS
STA #12
Medic Engine
642,435
2 564,657 2
STA #73
Medic Engine
642,435
2 282,329 1
BLS Truck
963,653
3 846,986 3
STA #84
Medic Engine
642,435
2 564,657 2
STA #92
Medic Engine
642,435
2 282,329 1
STA #95
Medic Engine
321,218
1 County Staffing
0*
1 0* 1
Fixed Relief
321,218
1 Vac. Relief - Engine
321,218
1 282,329 1
66-HR Workweek
963,653
3 SUBTOTALS
5,460,701
2,823,287

SUBTOTAL STAFF
18 11

CAPTAIN MEDIC
SUPERVISING FIRE MARSHAL (PCN 110077)
FIRE SAFETY SPECIALIST (PCN 00006966 & 00131494)
FIRE SYSTEMS INSPECTOR (PCN 6972, 133413, 131566, 151665, 151666

SUBTOTAL
SUPPORT SERVICES (Fire Cost Allocation Plan)
487,881 2 549,715 2 2,244,689 8
317,015 1 731,822 3 274,858 1 2,248,459 8
1,463,643 6 3,274,282 12
487,881 2 549,715 2 2,244,689 8
317,015 1 731,822 3 274,858 1 2,248,459 8
317,015 1 487,881 2 0 0 1,126,114 4
0* 1 0* 1 0 4
317,015 1 243,941 1 274,858 1 1,157,031 4
634,031 2 487,881 2 274,858 1 2,000,316 7
824,573 3 1,788,226 6
1,902,092 5,122,751 3,023,433 $18,332,264
6 22 12 69
325,119 each 325,119 1
247,071 each 247,071 1
211,324 each 422,649 2
192,778 each 963,890 5
$1,958,730 78
Administrative/Operational (Schedule A)
31,463
per assigned Staff**
2,129,118

67.67 Volunteer Program (Schedule B)
17,323
per Entity Allocation
17,323
1 Medic Program (Schedule C)
16,646
Medic FTE and 6,278
per Defib
314,366
17 Battalion Chief Support (Schedule D)
9,538
per Fire Station Staff
629,521
66 ECC Support (Schedule E)

41.94 per Call and 31,850
per Station
586,849
Fleet Support (Schedule F)
95,400
per Fire Suppression Equip
524,699

5.5 Comm/IT Support (Schedule G)

48.86 per Call and 37,104
per Station
683,674
Hazmat Support (Schedule 1)
4,099.65
per Call and 12,241
per Station
143,164

SUPPORT SERVICES SUBTOTAL
$5,028,714

DIRECT CHARGES
196,048

FIRE ENGINE USE AGREEMENT
55,000 each engine
275,000
5 TOTAL STAFF COUNT
78 TOTAL ESTIMATED CITY BUDGET
$25,790,756
• TEMECULA ESTIMATED FIRE TAX CREDIT
($12,991,081)

NET ESTIMATED CITY BUDGET
$12,799,675
* STRUCTURAL FIRE TAXES
(11,410,283)
ESTIMATED REDEVELOPMENT PASS THRU (1,580,798)

TOTAL TAX FUNDING
($12,991,081)

4.5 Fire Stations
10,576 Number of Calls
17 Assigned Medic FTE
5 Monitors/Defibs

4.5 Hazmat Stations
21 Number of Hazmat Calls
FY26127 EXHIBIT "A"

CITY OF TEMECULA

Page 4 of 11 ends

69.0 Assigned Staff

1.0 Capt. Medic Support

1.67 Battalion Chief Allocation
(4.0) County Funded
** 67.67 Total Assigned Staff

Medic Redistribution:

Personnel Office Supplies/Equip.

Fleet Support - Support staff, automotive costs, vehicle/engine maintenance, fuel cos Emergency Command Center Support - Dispatch services costs Communications / IT Support - Support staff, communications, radio maintenance, computer support functions Hazmat Program - Operations staff, operating costs, and vehicle replacement FY 26/27 POSITION SALARIES TOP STEP
446,314

DEPUTY CHIEF
440,276

DIV CHIEF
377,674

BAT CHIEF
321,218
CAPT
325,119

CAPT MEDIC
282,329
ENG
317,015

ENG/MEDIC
243,941
FF II
274,858

FF II/MEDIC
157,866

ADMIN SVCS ANALYST II
132,649

ADMIN SVCS ASST
251,638

DEPUTY FIRE MARSHAL
187,026

EMERGENCY MEDICAL SERVICE SPEC
144,684

EXECUTIVE ASSISTANT II
125,788

FIRE PERMIT TECHNICIAN
147,083

FIRE PREVENTION TECHNICIAN
211,324

FIRE SAFETY SPECIALIST
192,778

FIRE SYSTEMS INSPECTOR
116,463

OFFICE ASSISTANT III
247,071

SUPERVISING FIRE MARSHAL
55,000

FIRE ENGINE
31,463
SRVDEL
17,323

VOL DEL
16,646

MEDIC FTE
6,278

MEDIC MONITORS/DEFIBS REPLACEMENT
9,538

BC SUPPORT
31,850

ECC STATION

41.94 ECC CALLS
95,400

FLEET SUPPORT
37,104

COMM/IT STATION

48.86 COMM/IT CALLS
1,840

FACILITY STATION
430.25

FACILITY FTE
12,241

HAZMAT STATION
4,099.65

HAZMAT CALLS
1,987

HAZMAT VEHICLE REPLACEMENT
*Cost Assumptions:

Projected 5% salaries increase based on Salary, Pay Differentials, and Operating Expenses Schedule FY 2025-2026 Dated February 6, 2025 Projected 5% salaries increase based on Benefits and Admin Fee based on Staff Benefit Rate Matrix FY 2025-26 dated August 2025 Final Projected 5% salaries increase based on Safety & Non -Safety Staff and Support Services from previous FY25126.

FY 26127 DIRECT BILL ACCOUNT CODE
520230
Cellular Phone
522360
Mai nt-Extermination
520300
Pager Service
522860
Medical -Dental Supplie
520320
Telephone Service
522870
Other Medical Care Ms
520800
Household Expense
522890
Pharmaceuticals
520805
Appliances
523220
Licenses And Permits
520815
Cleaning and Custodial Supp
523680
Office Equip Non Fixe<
520830
Laundry Services
526700
Rent -Lease Bldgs
520840
Household Furnishings
526940
Locks/Keys
520845
Trash
527280
Awards/Recognition
521380
Maint-Copier Machines
529500
Electricity
521440
Maint-Kitchen Equipment
529510
Heating Fuel
521540
Maint-Office Equipment
529550
Water
521600
Maint-Service Contracts
537240
Interfnd Exp-Utilities
521660
Maint-Telephone
542060
Improvements-Buildinc
521680
Maint-Underground Tanks
FY26127 EXHIBIT "A"

CITY OF TEMECULA

Page 5 of 11 ends

EXHIBIT "A"

TO THE COOPERATIVE AGREEMENT TO PROVIDE

FIRE PREVENTION, RESCUE, FIRE MARSHAL, HAZMAT AND

MEDICAL EMERGENCY FOR THE CITY OF TEMECULA
CREATED AUGUST 27, 2025 FOR FY2027/2028
*See notation below for estimate assumptions

CAPTAINS CAPTAIN ENGINEERS ENGINEER FF II FFII TOTALS
MEDICS_ _ _ _ _ --MEDICS--- _ _ _ MEDICS
STA #12
Medic Engine
674,557
2 592,890 2
STA #73
Medic Engine
674,557
2 296,445 1
BLS Truck
1,011,836
3 889,335 3
STA #84
Medic Engine
674,557
2 592,890 2
STA #92
Medic Engine
674,557
2 296,445 1
STA #95
Medic Engine
337,279
1 County Staffing
0*
1 0* 1
Fixed Relief
337,279
1 Vac. Relief - Engine
337,279
1 296,445 1
66-HR Workweek
1,011,836
3 SUBTOTALS
5,733,736
2,964,451

SUBTOTAL STAFF
18 11

CAPTAIN MEDIC
SUPERVISING FIRE MARSHAL (PCN 110077)
FIRE SAFETY SPECIALIST (PCN 00006966 & 00131494)
FIRE SYSTEMS INSPECTOR (PCN 6972, 133413, 131566, 151665, 151666)

SUBTOTAL
SUPPORT SERVICES (Fire Cost Allocation Plan)
512,275 2 577,201 2 2,356,923 8
332,866 1 768,413 3 288,600 1 2,360,882 8
1,536,825 6 3,437,996 12
512,275 2 577,201 2 2,356,923 8
332,866 1 768,413 3 288,600 1 2,360,882 8
332,866 1 512,275 2 0 0 1,182,420 4
0* 1 0* 1 0 4
332,866 1 256,138 1 288,600 1 1,214,883 4
665,732 2 512,275 2 288,600 1 2,100,331 7
865,801 3 1,877,637 6
1,997,197 5,378,889 3,174,605 $19,248,877
6 22 12 69
341,375 each 341,375 1
259,425 each 259,425 1
221,891 each 443,781 2
202,417 each 1,012,085 5
$2,056,666 78
Administrative/Operational (Schedule A)
33,036
per assigned Staff **
2,235,574

67.67 Volunteer Program (Schedule B)
18,189
per Entity Allocation
18,189
1 Medic Program (Schedule C)
17,478
Medic FTE and 6,592
per Defib
330,084
17 Battalion Chief Support (Schedule D)
10,015
per Fire Station Staff
660,997
66 ECC Support (Schedule E)

44.03 per Call and 33,442
per Station
616,192
Fleet Support (Schedule F)
100,170
per Fire Suppression Equip
550,934

5.5 Comm/IT Support (Schedule G)

51.30 per Call and 38,959
per Station
717,857
Hazmat Support (Schedule 1)
4,304.63
per Call and 12,853
per Station
150,322

SUPPORT SERVICES SUBTOTAL
$5,280,150

DIRECT CHARGES
196,048

FIRE ENGINE USE AGREEMENT
55,000 each engine
275,000
5 TOTAL STAFF COUNT
78 TOTAL ESTIMATED CITY BUDGET
$27,056,741
• TEMECULA ESTIMATED FIRE TAX CREDIT
($12,991,081)

NET ESTIMATED CITY BUDGET
$14,065,660
* STRUCTURAL FIRE TAXES
(11,410,283)
ESTIMATED REDEVELOPMENT PASS THRU (1,580,798)

TOTAL TAX FUNDING
($12,991,081)

4.5 Fire Stations
10,576 Number of Calls
17 Assigned Medic FTE
5 Monitors/Defibs

4.5 Hazmat Stations
21 Number of Hazmat Calls
FY27128 EXHIBIT "A"

CITY OF TEMECULA

Page 6 of 11 ends

69.0 Assigned Staff

1.0 Capt. Medic Support

1.67 Battalion Chief Allocation
(4.0) County Funded
** 67.67 Total Assigned Staff

Medic Redistribution:

Personnel Office Supplies/Equip.

DEPUTY CHIEF
462,290

DIV CHIEF
396,558

BAT CHIEF
337,279
CAPT
341,375

CAPT MEDIC
296,445
ENG
332,866

ENG/MEDIC
256,138
FF II
288,600

FF II/MEDIC
165,760

ADMIN SVCS ANALYST II
139,281

ADMIN SVCS ASST
264,219

DEPUTY FIRE MARSHAL
196,377

EMERGENCY MEDICAL SERVICE SPEC
151,918

EXECUTIVE ASSISTANT II
132,078

FIRE PERMIT TECHNICIAN
154,438

FIRE PREVENTION TECHNICIAN
221,891

FIRE SAFETY SPECIALIST
202,417

FIRE SYSTEMS INSPECTOR
122,286

OFFICE ASSISTANT III
259,425

SUPERVISING FIRE MARSHAL
*Cost Assumptions:
- Projected 5% increase on all costs estimated in FY 26127 Exhibit FY 27128 DIRECT BILL ACCOUNT CODE
55,000

FIRE ENGINE
33,036
SRVDEL
18,189

VOL DEL
17,478

MEDIC FTE
6,592

MEDIC MONITORS/DEFIBS REPLACEMENT
10,015

BC SUPPORT
33,442

ECC STATION

44.03 ECC CALLS
100,170

FLEET SUPPORT
38,959

COMM/IT STATION

51.30 COMM/IT CALLS
1,932

FACILITY STATION
451.76

FACILITY FTE
12,853

HAZMAT STATION
4,304.63

HAZMAT CALLS
2,087

HAZMAT VEHICLE REPLACEMENT
520230
Cellular Phone
522360
Mai nt-Extermination
520300
Pager Service
522860
Medical -Dental Supplie
520320
Telephone Service
522870
Other Medical Care Ms
520800
Household Expense
522890
Pharmaceuticals
520805
Appliances
523220
Licenses And Permits
520815
Cleaning and Custodial Supp
523680
Office Equip Non Fixe<
520830
Laundry Services
526700
Rent -Lease Bldgs
520840
Household Furnishings
526940
Locks/Keys
520845
Trash
527280
Awards/Recognition
521380
Maint-Copier Machines
529500
Electricity
521440
Maint-Kitchen Equipment
529510
Heating Fuel
521540
Maint-Office Equipment
529550
Water
521600
Maint-Service Contracts
537240
Interfnd Exp-Utilities
521660
Maint-Telephone
542060
Improvements-Buildinc
521680
Maint-Underground Tanks
FY27128 EXHIBIT "A"

CITY OF TEMECULA

Page 7 of 11 ends

EXHIBIT "A"

TO THE COOPERATIVE AGREEMENT TO PROVIDE

FIRE PREVENTION, RESCUE, FIRE MARSHAL, HAZMAT AND

MEDICAL EMERGENCY FOR THE CITY OF TEMECULA
CREATED AUGUST 27, 2025 FOR FY2028/2029
*See notation below for estimate assumptions

CAPTAINS CAPTAIN ENGINEERS ENGINEER FF II FFII TOTALS
MEDICS_ _ _ _ _ --MEDICS--- _ _ _ MEDICS
STA #12
Medic Engine
708,285
2 622,535 2
STA #73
Medic Engine
708,285
2 311,267 1
BLS Truck
1,062,427
3 933,802 3
STA #84
Medic Engine
708,285
2 622,535 2
STA #92
Medic Engine
708,285
2 311,267 1
STA #95
Medic Engine
354,142
1 County Staffing
0*
1 0* 1
Fixed Relief
354,142
1 Vac. Relief - Engine
354,142
1 311,267 1
66-HR Workweek
1,062,427
3 SUBTOTALS
6,020,422
3,112,674

SUBTOTAL STAFF
18 11

CAPTAIN MEDIC
SUPERVISING FIRE MARSHAL (PCN 110077)
FIRE SAFETY SPECIALIST (PCN 00006966 & 00131494)
FIRE SYSTEMS INSPECTOR (PCN 6972, 133413, 131566, 151665, 151666)

SUBTOTAL
SUPPORT SERVICES (Fire Cost Allocation Plan)
537,889 2 606,061 2 2,474,770 8
349,509 1 806,833 3 303,030 1 2,478,926 8
1,613,667 6 0 0 3,609,896 12
537,889 2 606,061 2 2,474,770 8
349,509 1 806,833 3 303,030 1 2,478,926 8
349,509 1 537,889 2 0 0 1,241,541 4
0* 1 0* 1 0 4
349,509 1 268,944 1 303,030 1 1,275,627 4
699,019 2 537,889 2 303,030 1 2,205,348 7
909,091 3 1,971,519 6
2,097,057 5,647,833 3,333,335 $20,211,321
6 22 12 69
358,444 each 358,444 1
272,396 each 272,396 1
232,985 each 465,970 2
212,538 each 1,062,689 5
$2,159,500 78
Administrative/Operational (Schedule A)
34,688
per assigned Staff **
2,347,353

67.67 Volunteer Program (Schedule B)
19,098
per Entity Allocation
19,098
1 Medic Program (Schedule C)
18,352
Medic FTE and 6,921
per Defib
346,588
17 Battalion Chief Support (Schedule D)
10,516
per Fire Station Staff
694,047
66 ECC Support (Schedule E)

46.24 per Call and 35,114
per Station
647,001
Fleet Support (Schedule F)
105,178
per Fire Suppression Equip
578,481

5.5 Comm/IT Support (Schedule G)

53.86 per Call and 40,907
per Station
753,750
Hazmat Support (Schedule 1)
4,519.87
per Call and 13,496
per Station
157,734

SUPPORT SERVICES SUBTOTAL
$5,544,053

DIRECT CHARGES
196,048

FIRE ENGINE USE AGREEMENT
55,000 each engine
275,000
5 TOTAL STAFF COUNT
78 TOTAL ESTIMATED CITY BUDGET
$28,385,922
• TEMECULA ESTIMATED FIRE TAX CREDIT
($12,991,081)

NET ESTIMATED CITY BUDGET
$15,394,841
* STRUCTURAL FIRE TAXES
(11,410,283)
ESTIMATED REDEVELOPMENT PASS THRU (1,580,798)

TOTAL TAX FUNDING
($12,991,081)

4.5 Fire Stations
10,576 Number of Calls
17 Assigned Medic FTE
5 Monitors/Defibs

4.5 Hazmat Stations
21 Number of Hazmat Calls
FY28129 EXHIBIT "A"

CITY OF TEMECULA

Page 8 of 11 ends

69.0 Assigned Staff

1.0 Capt. Medic Support

1.67 Battalion Chief Allocation
(4.0) County Funded
** 67.67 Total Assigned Staff

Medic Redistribution:

Personnel Office Supplies/Equip.

DEPUTY CHIEF
485,404

DIV CHIEF
416,386

BAT CHIEF
354,142
CAPT
358,444

CAPT MEDIC
311,267
ENG
349,509

ENG/MEDIC
268,944
FF II
303,030

FF II/MEDIC
174,048

ADMIN SVCS ANALYST II
146,245

ADMIN SVCS ASST
277,430

DEPUTY FIRE MARSHAL
206,196

EMERGENCY MEDICAL SERVICE SPEC
159,514

EXECUTIVE ASSISTANT II
138,681

FIRE PERMIT TECHNICIAN
162,159

FIRE PREVENTION TECHNICIAN
232,985

FIRE SAFETY SPECIALIST
212,538

FIRE SYSTEMS INSPECTOR
128,400

OFFICE ASSISTANT III
272,396

SUPERVISING FIRE MARSHAL
*Cost Assumptions:
- Projected 5% increase on all costs estimated in FY 26127 Exhibit FY 28129 DIRECT BILL ACCOUNT CODE
55,000

FIRE ENGINE
34,688
SRVDEL
19,098

VOL DEL
18,352

MEDIC FTE
6,921

MEDIC MONITORS/DEFIBS REPLACEMENT
10,516

BC SUPPORT
35,114

ECC STATION

46.24 ECC CALLS
105,178

FLEET SUPPORT
40,907

COMM/IT STATION

53.86 COMM/IT CALLS
2,028

FACILITY STATION
474.35

FACILITY FTE
13,496

HAZMAT STATION
4,519.87

HAZMAT CALLS
2,087

CITY OF TEMECULA

Page 9 of 11 ends

EXHIBIT "A"

TO THE COOPERATIVE AGREEMENT TO PROVIDE

FIRE PREVENTION, RESCUE, FIRE MARSHAL, HAZMAT AND

MEDICAL EMERGENCY FOR THE CITY OF TEMECULA
CREATED AUGUST 27, 2025 FOR FY2029/2030
*See notation below for estimate assumptions

SUBTOTAL STAFF
18 11

CAPTAIN MEDIC
SUPERVISING FIRE MARSHAL (PCN 110077)
FIRE SAFETY SPECIALIST (PCN 00006966 & 00131494)
FIRE SYSTEMS INSPECTOR (PCN 6972, 133413, 131566, 151665, 151666;

46.24 per Call and 35,114
per Station
647,001
Fleet Support (Schedule F)
105,178
per Fire Suppression Equip
578,481

5.5 Comm/IT Support (Schedule G)

53.86 per Call and 40,907
per Station
753,750
Hazmat Support (Schedule 1)
4,519.87
per Call and 13,496
per Station
157,734

SUPPORT SERVICES SUBTOTAL
$5,544,053

DIRECT CHARGES
196,048

FIRE ENGINE USE AGREEMENT
55,000 each engine
275,000
5 TOTAL STAFF COUNT
78 TOTAL ESTIMATED CITY BUDGET
$28,385,922
• TEMECULA ESTIMATED FIRE TAX CREDIT
($12,991,081)

NET ESTIMATED CITY BUDGET
$15,394,841
* STRUCTURAL FIRE TAXES
(11,410,283)
ESTIMATED REDEVELOPMENT PASS THRU (1,580,798)

TOTAL TAX FUNDING
($12,991,081)

4.5 Fire Stations
10,576 Number of Calls
17 Assigned Medic FTE
5 Monitors/Defibs

4.5 Hazmat Stations
21 Number of Hazmat Calls
FY29130 EXHIBIT "A"

CITY OF TEMECULA

Page 10 of 11 ends

69.0 Assigned Staff

1.0 Capt. Medic Support

1.67 Battalion Chief Allocation
(4.0) County Funded
** 67.67 Total Assigned Staff

Medic Redistribution:

Engine 73: Moved one (1) FFII Medic to FFII (total 3)
Ttruck 73: Moved 3 FFII Medics to FFII (total 6)
Engine 92: Moved one (1) FFII Medic to FFII (total 3)
Engine 95: Moved one (1) FFII Medic to FFII (total 2)
SUPPORT SERVICES (Fire Cost Allocation Plan)
Administrative & Operational Services
Finance / Accounting
Public Affairs / Education
Training
Procurement
Data Processing
Fire Fighting Equip.

Personnel
Office Supplies/Equip.

Volunteer Program - Support staff, Workers Comp, and Personal Liability Insurance Medic Program - Support staff, Training, Certification, Case Review & Reporting, Mor Defibrillator replacement cycle.

Fleet Support - Support staff, automotive costs, vehicle/engine maintenance, fuel cos Emergency Command Center Support - Dispatch services costs Communications / IT Support - Support staff, communications, radio maintenance, co support functions
Hazmat Program - Operations staff, operating costs, and vehicle replacement FY 29/30 POSITION SALARIES TOP STEP
492,061

DEPUTY CHIEF
485,404

DIV CHIEF
416,386

BAT CHIEF
354,142
CAPT
358,444

CAPT MEDIC
311,267
ENG
349,509

ENG/MEDIC
268,944
FF II
303,030

FF II/MEDIC
174,048

ADMIN SVCS ANALYST II
146,245

ADMIN SVCS ASST
277,430

DEPUTY FIRE MARSHAL
206,196

EMERGENCY MEDICAL SERVICE SPEC
159,514

EXECUTIVE ASSISTANT II
138,681

FIRE PERMIT TECHNICIAN
162,159

FIRE PREVENTION TECHNICIAN
232,985

FIRE SAFETY SPECIALIST
212,538

FIRE SYSTEMS INSPECTOR
128,400

OFFICE ASSISTANT III
272,396

SUPERVISING FIRE MARSHAL
*Cost Assumptions:
- Estimate based upon FY 28129 Exhibit 'A"
FY 29/30 DIRECT BILL ACCOUNT CODE
55,000

FIRE ENGINE
34,688
SRVDEL
19,098

VOL DEL
18,352

MEDIC FTE
6,921

MEDIC MONITORS/DEFIBS REPLACEMENT
10,516

BC SUPPORT
35,114

ECC STATION

46.24 ECC CALLS
105,178

FLEET SUPPORT
40,907

COMM/IT STATION

53.86 COMM/IT CALLS
2,028

FACILITY STATION
474.35

FACILITY FTE
13,496

HAZMAT STATION
4,519.87

HAZMAT CALLS
2,087

CITY OF TEMECULA

Page 11 of 11 ends

EXHIBIT "B"

TO THE COOPERATIVE AGREEMENT

TO PROVIDE FIRE PROTECTION, FIRE PREVENTION, RESCUE

AND MEDICAL AID FOR THE CITY OF TEMECULA
DATED JULY 1, 2025

PAYMENT FOR SERVICES

ADDITIONAL TERMS
COUNTY shall make a claim to CITY for the actual cost of contracted services as shown on Exhibit "A" during each of the following periods:
(1) July 1 through September 30, claim in October;
(2) October 1 through December 31, claim in January;
(3) January 1 through March 31, claim in April; and
(4) April 1 through June 30, claim in July/August.

The claims shall be for actual costs of services after any deduction for estimated Structural Fire taxes and/or Redevelopment, with final reconciliation of fire taxes to actual revenue received which may result in an additional credit or expense to CITY in the August final claim. CITY shall pay each claim within 30 days after receipt thereof. COUNTY shall allow a credit in the amount of the Structural Fire taxes as determined by COUNTY Auditor Controller/Treasurer Tax Collector Office to be collected in each fiscal year of this Agreement. The allowed credit shall not exceed the cost of contracted services.

Exhibit "B"

CITY OF TEMECULA
July 1, 2025 — June 30, 2030
1 of 1

EXHIBIT "C"

TO THE COOPERATIVE AGREEMENT

TO PROVIDE FIRE PROTECTION, FIRE PREVENTION, RESCUE, FIRE MASHAL

AND MEDICAL EMERGENCY SERVICES FOR THE CITY OF TEMECULA DATED JULY 1, 2025

PAYMENT FOR SERVICES

ADDITIONAL SERVICES

FIRE ENGINE USE AGREEMENT
Station 12
Engine E12, RCO No. 12-820 (VIN: 4S7CT2D96CC075053) $ 43,350.00 Station 73
Engine E73, RCO No. 16-804 (VIN: 4S7CT2D95GC080458) $ 43,350.00 Station 84
Engine E84, RCO No. 16-806 (VIN: 4S7CT2D93GC080460) $ 43,350.00 Station 92
Engine E92, RCO No. 08-869 (VIN: 4S7CT2D9486066490) $ 43,350.00 Station 95
Engine E284, RCO No. 15-847 (VIN: 4S7CT2D92EC079068) $ 43,350.00 $ 216,750.00
The Fire Engine Use Agreement is utilized in the event that a fire engine(s) was initially purchased by the CITY, and then the CITY elects to have the COUNTY take ownership of said fire engine(s). The Fire Engine Use Agreement guarantees the CITY the use of this fire engine(s).

This fire engine(s) shall be used as an integrated unit for Fire Services as set forth in this Cooperative Agreement between the COUNTY and CITY, and shall be stationed primarily in the CITY. The change in ownership of the fire engine does not waive or supersede any responsibilities of the CITY pursuant to this Agreement. This exhibit is strictly to further detail for the CITY, the responsibilities and costs associated within the Cooperative Agreement between the COUNTY and CITY; therefore, the Fire Engine Use Agreement is inseparable.

The CITY must transfer title of said fire engine(s) to the COUNTY. When the CITY transfers title of said fire engine(s) to the COUNTY, the COUNTY will take FY25/26 Exhibit "C"

CITY OF TEMECULA
July 1, 2025 — June 30, 2026

Page 1 of 2 ends

ownership of the said fire engine(s), and the COUNTY will maintain insurance on said fire engine(s).

The COUNTY will ensure a working fire engine(s) is available for the CITY at all times under this Agreement. All capital improvements and/or betterments (per ACO standard practice manual) to the fire engine(s) listed above will be the responsibility and paid for by the owner of said fire engine(s).

When the Riverside County Fire Department Fleet personnel determine the fire engine(s) listed above is due for replacement, the COUNTY will purchase a new fire engine(s).

The annual cost for this service is calculated at 1 /20 of the replacement cost. The current replacement cost is $867,000. The cost is based on the actual costs for Type I Fire Engines. If this Agreement is entered into mid -year, the annual cost will be prorated accordingly. Replacement cost is subject to change based on current Type I Fire Engine cost. See each respective fiscal year's Exhibit "A" for current Fire Engine Use Agreement costs.

The CITY may opt out of this Agreement at any time in writing and the costs will be prorated accordingly by fiscal year. No refunds will be provided for any prior payments. If the fire engine(s) have been titled to the COUNTY and the fire engine(s) are still within their useful life cycle, the ownership will not revert back to the CITY unless the entire Cooperative Agreement is terminated.

FY25/26 Exhibit "C"

CITY OF TEMECULA
July 1, 2025 — June 30, 2026

Page 2 of 2 ends

EXHIBIT "D"

TO THE COOPERATIVE AGREEMENT

TO PROVIDE FIRE PROTECTION, FIRE PREVENTION, FIRE MARSHAL, HAZMAT

RESCUE AND MEDICAL EMERGENCY SERVICES FOR THE CITY OF TEMECULA DATED JULY 1, 2025

PAYMENT FOR ADDITIONAL SERVICES

OFFICE OF THE FIRE MARSHAL AGREEMENT
The Fire Marshal Agreement is utilized in the event a CITY elects to fund COUNTY Fire Marshal personnel to perform the duties of the Office of the Fire Marshal.

The COUNTY Chief Deputy will assign a COUNTY Manager as the Office of the Fire Marshal Liaison ("OFM Liaison"). The Chief Deputy may delegate certain authority to the OFM Liaison, as the Fire Marshal's duly authorized designee and the OFM Liaison shall be responsible for directing the Fire Marshal Services provided to CITY as set forth in this Exhibit "D."
The Fire Marshal duties include:

For conformance with applicable laws, codes and regulations concerning fire protection and life safety -
• Review Planning and Development Cases for the CITY
• Review and inspection of construction development for the CITY • State mandated Fire/Life Safety Inspections in accordance with Health and Safety Code 13146.1, 13146.2, 13146.3, 13217 and 13235
• Review, Permitting and Inspection of Special Events
• Investigation of fire safety complaints
• Meeting with development applicants and customers
• Business inspections
Administrative activities:
• Creation and maintenance of forms for review and inspection of construction development and fire/life safety inspections.
• Provide information to customers on CITY Ordinances and Standards for construction
• Provide recommendations on updating CITY Ordinances and Standards in regards to fire/life safety
In the event CITY desires an increase in the Office of the Fire Marshal services provided, CITY shall provide (120) days written notice of the proposed increase in services.

COUNTY is under no obligation to approve any requested increase. COUNTY shall render a written decision on whether to allow or deny the increase within (60) days of the notice provided pursuant to this section.

Exhibit "D"

CITY OF TEMECULA
July 1, 2025 — June 30, 2030

Page 1 of 2 ends

It is the CITY responsibility to provide funding for all operating equipment and supplies for each position in accordance with COUNTY requirements and/or standards. The equipment and supplies include, but are not limited to the following:

The CITY or COUNTY shall provide, unless otherwise agreed upon:
• Office space
• Furniture
• General & field supplies
• Training
The COUNTY shall provide, unless otherwise agreed upon, at the expense of the CITY:
• Vehicle and regular maintenance
• All IT and Communication tools (such as cell phone, computer, software licensing, etc.)
• Uniforms
The equipment and supplies provided by COUNTY shall be based upon the County Board of Supervisors Approved Fire Department Cost Recovery rates or actual costs when absent of a specific rate. All costs, including salaries and benefits, will be included in each quarterly invoice as outlined in the Cooperative Agreement.

The CITY may opt out of this Exhibit and eliminate funding for locally direct COUNTY Fire Marshal personnel at the CITY in writing with a minimum notice of one hundred and twenty (120) days. The costs will be prorated accordingly by services provided and fiscal year.

It is the responsibility of the CITY to obtain cost recovery for the Fire Marshal services provided by these personnel for the CITY.

F:ICounty_FinancelContract CitieslEXHIBIT D -Fire Marshal ServiceslFY 2025-20261Exhibit D -Temecula 20240701.docx Exhibit "D"

CITY OF TEMECULA
July 1, 2025 — June 30, 2030

Page 2 of 2 ends

Item No. 7

CITY OF TEMECULA

AGENDA REPORT
TO: City Manager/City Council
FROM: Ron Moreno, Director of Public Works/City Engineer DATE: September 23, 2025
SUBJECT: Award Construction Contract to LC Paving & Sealing, Inc. for Sidewalks — Pauba Road, PW 19-20
PREPARED BY: Nino Abad, Principal Civil Engineer
Shawna Bennetts, Associate Civil Engineer
RECOMMENDATION: That the City Council:

1. Approve the transfer of $200,000 in Measure S funds from the Bike Lane and Trail Program — Ronald Reagan Sports Park Trails, PW22-05, to the Sidewalks — Pauba Road, PW19-20 project; and

2. Award a construction contract to LC Paving & Sealing, Inc. in the amount of $817,611 for the Sidewalks — Pauba Road, PW 19-20; and

3. Authorize the City Manager to approve construction contract change orders up to 10% of the contract amount, $81,761.10.

4. Make a finding that the Sidewalks — Pauba Road, PW 19-20 is exempt from Multiple Species Habitat Conservation Plan fees.

BACKGROUND: The Sidewalks — Pauba Road, PW 19-20 (Project) is identified in the 2026- 2030 City of Temecula Capital Improvement Program Budget and includes the construction of sidewalk along the eastbound side of Pauba Road from Elinda Road to Showalter Road. The project also includes pedestrian ramps, retaining walls, fence relocation, street light relocation, and asphalt work necessary to accommodate the sidewalk construction. This section of Pauba Road is identified in the City's Sidewalk Gap Study.

On June 10, 2025, City Council approved the plans and specifications and authorized the Department of Public Works to solicit construction bids. The construction contract was publicly advertised between July 3, 2025, and August 5, 2025. Eighteen (18) bids were received and publicly opened on Tuesday, August 5, 2025.

The results were as follows:

Rank
Bidder
Bid Amount

1. L C Paving & Sealing, Inc.
$817,611.00

2. CT&T Concrete Paving Inc.
$892,574.70

3. Aster Construction Services
$931,054.00

4. Metrocell
$988,814.00

5. Van Engineering Inc.
$998,608.00

6. DT Stellar General
$1,002,098.00

7. CJ Concrete Construction, Inc.
$1,002,656.00

8. Armstrong Cal Builders Inc.
$1,040,848.00

9. Tri-Group Construction, Inc.
$1,082,984.00

10. Marin Concrete Construction, Inc.
$1,092,873.00

11. DASH Construction Company, Inc.
$1,228,469.00

12. Pavement Rehab Co.
$1,234,000.00

13. Hillcrest Contracting, Inc.
$1,247,717.10

14. Los Angeles Engineering, Inc.
$1,274,000.00

15. YBS Construction Engineering
$1,324,759.03

16. Gentry General Engineering Inc.
$1,327,301.50

17. Nationwide Contracting Services, Inc.
$1,515,015.00
LGC Construction
Non -Responsive
The bid from LGC Construction was deemed non -responsive as the bid bond was not signed and notarized by the surety company.

Staff has reviewed the bid proposals and found L C Paving and Sealing, Inc. to be the lowest responsive and responsible bidder. L C Paving and Sealing, Inc. has public contracting experience and has successfully completed similar projects for various public agencies including the City of Temecula.

The Engineer's Estimate of construction cost was $780,000. The construction contract allows for 110 working days (approximately 5.5 months) to construct the Project.

With a transfer of $200,000 in Measure S funds from the Bike Lane and Trail Program — Ronald Reagan Sports Park Trails Project PW22-05 into the Project there will be sufficient funds for the construction contract, contingency, administration, and inspection costs of the Project.

The Multiple Species Habitat Conservation Plan (MSHCP) is an element of the Riverside County Integrated Project (RCIP) to conserve open space, nature preserves and wildlife to be set aside in some areas. It is designed to protect over 150 species and conserve over 500,000 acres in Western Riverside County. The City of Temecula is a permittee to the MSHCP and as such is required to abide by the Regional Conservation Authority's (RCA) Mitigation Fee Implementation Manual adopted by Resolution 2020-013 on December 7, 2020. The RCA is a joint regional authority

formed by the County and the Cities to provide primary policy direction for implementation of the MSHCP.

Beginning July 1, 2008, the RCA started requiring that locally funded Capital Improvement Projects contribute applicable MSHCP fees within 90-days of construction contract award. Fees outside the public right of way are calculated on a cost per acre of disturbed area basis, while fees for typical right of way improvements projects are five percent of construction costs. This Project is primarily a sidewalk project with non -capacity improving roadway work. This type of project is exempt from MSHCP Fees.

FISCAL IMPACT: The Sidewalks — Pauba Road Project is identified in the City's Capital Improvement Program (CIP) budget for Fiscal Years 2026-2030 and is funded with a Senate Bill 821 and Measure S funds. With a transfer of $200,000 in Measure S funds from the Bike Lane and Trail Program — Ronald Reagan Sports Park Trails Project PW22-05, adequate funds are available in the project accounts to cover the contract amount of $817,611, plus the 10% contingency amount of $81,761.10, for a total encumbrance of $899,372.10.

ATTACHMENTS: 1. Contract

2. Project Description

3. Project Location

CITY OF TEMECULA, DEPARTMENT OF PUBLIC WORKS

CONTRACT
for
SIDEWALKS — PAUBA ROAD
PROJECT NO. PW19-20
THIS CONTRACT, made and entered into the 23rd day of September, 2025 by and between the City of Temecula, a municipal corporation, hereinafter referred to as "City", and L.C. Paving & Sealing, Inc., hereinafter referred to as "Contractor." WITNESSETH:

That City and Contractor, for the consideration hereinafter named, mutually agree as follows:

CONTRACT DOCUMENTS
The complete Contract includes all of the Contract Documents, to wit: Notice Inviting Bids, Instructions to Bidders, Proposal, Performance Bond, Labor and Materials Bond, Plans and Specifications entitled SIDEWALKS — PAUBA ROAD, PROJECT NO.

PW19-20, Insurance Forms, this Contract, and all modifications and amendments thereto, the State of California Standard Plans and Specifications, (latest edition), issued by the California Department of Transportation, where specifically referenced in the Plans, Special Provisions, and Technical Specifications, and the latest version of the Standard Specifications for Public Works Construction, including all supplements as written and promulgated by Public Works Standards, Inc. (hereinafter, "Standard Specifications") as amended by the General Specifications, Special Provisions, and Technical Specifications for SIDEWALKS — PAUBA ROAD, PROJECT NO. PW19-20.

Copies of these Standard Specifications are available from the publisher:

BNi Building News
Division of BNi Publications, Inc.
990 Park Center Drive, Suite E
Vista, CA 92081
(760) 734-1113
The Standard Specifications will control the general provisions, construction materials, and construction methods for this Contract except as amended by the General Specifications, Special Provisions, and Technical Specifications for SIDEWALKS — PAUBA ROAD, PROJECT NO. PW19-20.

In case of conflict between the Standard Specifications and the other Contract Documents, the other Contract Documents shall take precedence over, and be used in lieu of, such conflicting portions.

Where the Contract Documents describe portions of the work in general terms, but not in complete detail, it is understood that the item is to be furnished and installed completed and in place and that only the best general practice is to be used. Unless otherwise specified, the Contractor shall furnish all labor, materials, tools, equipment, and incidentals, and do all the work involved in executing the Contract.

The Contract Documents are complementary, and what is called for by anyone shall be as binding as if called for by all. Any conflict between this Contract and any other Contract Document shall be resolved in favor of this Contract.

2. SCOPE OF WORK
Contractor shall perform everything required to be performed, shall provide and furnish all the labor, materials, necessary tools, expendable equipment, and all utility and transportation services required for the following: SIDEWALKS — PAUBA ROAD, PROJECT NO. PW19-20
All of said work to be performed and materials to be furnished shall be in strict accordance with the Drawings and Specifications and the provisions of the Contract Documents hereinabove enumerated and adopted by City.

3. CITY APPROVAL
All labor, materials, tools, equipment, and services shall be furnished and work performed and completed under the direction and supervision, and subject to the approval of City or its authorized representatives.

4. CONTRACT AMOUNT AND SCHEDULE
The City agrees to pay, and Contractor agrees to accept, in full payment for, the work agreed to be done, the sum of: EIGHT HUNDRED SEVENTEEN THOUSAND SIX HUNDRED ELEVEN DOLLARS AND ZERO CENTS ($817,611.00), the total amount of the base bid.

Contractor agrees to complete the work in a period not to exceed One Hundred Ten (110) working days, commencing with delivery of a Notice to Proceed by City.

Construction shall not commence until bonds and insurance are approved by City.

5. CHANGE ORDERS
All change orders shall be approved by the City Council, except that the City Manager is hereby authorized by the City Council to make, by written order, changes or additions to the work in an amount not to exceed the contingency as established by the City Council.

6. PAYMENTS
a. Lump Sum Bid Schedule: Before submittal of the first payment request, the Contractor shall submit to the Director of Public Works a schedule of values allocated to the various portions of the work, prepared in such form and supported by such data to substantiate its accuracy as the Director of Public Works may require. This schedule, as approved by the Director of Public Works, shall be used as the basis for reviewing the Contractor's payment requests.
b. Unit Price Bid Schedule: Pursuant to Section 20104.50 of the Public Contract Code, within 30 days after submission of a payment request to the City, the Contractor shall be paid a sum equal to 95% of the value of the work* completed according to the bid schedule. Payment request forms shall be submitted on or about the 30th day of each successive month as the work progresses. The final payment, if unencumbered, or any part thereof

unencumbered, shall be made 60 days after acceptance of final payment and the Contractor filing a one-year Warranty and an Affidavit of Final Release with the City on forms provided by the City.

C. Payment for Work Performed: Payments shall be made on demands drawn in the manner required by law, accompanied by a certificate signed by the City Manager, stating that the work for which payment is demanded has been performed in accordance with the terms of the Contract, and that the amount stated in the certificate is due under the terms of the Contract. Partial payments on the Contract price shall not be considered as an acceptance of any part of the work.
d. Payment of Interest: Interest shall be paid on all undisputed payment requests not paid within 30 days pursuant to Public Contract Code Section 20104.50.

Public Contract Code Section 7107 is hereby incorporated by reference.

7. LIQUIDATED DAMAGES / EXTENSION OF TIME
a. Liquidated Damages: In accordance with Government Code Section 53069.85, Contractor agrees to forfeit and pay to City the sum of $1,000 per day for each calendar day completion is delayed beyond the time allowed pursuant to Paragraph 4 of this Contract. Such sum shall be deducted from any payments due to or to become due to Contractor.
b. Extension of Time: Contractor will be granted an extension of time and will not be assessed liquidated damages for unforeseeable delays beyond the control of, and without the fault or negligence of the Contractor, including delays caused by City. Within ten calendar days of the occurrence of such delay, Contractor shall give written notice to City. Within 30 calendar days of the occurrence of the delay, Contractor shall provide written documentation sufficient to support its delay claim to City. Contractor's failure to provide such notice and documentation shall constitute Contractor's waiver, discharge, and release of such delay claims against City.

8. WAIVER OF CLAIMS
On or before making each request for payment under Paragraph 6 above, Contractor shall submit to City, in writing, all claims for compensation as to work related to the payment. Unless the Contractor has disputed the amount of the payment, the acceptance by Contractor of each payment shall constitute a release of all claims against the City related to the payment. Contractor shall be required to execute an affidavit, release, and indemnity agreement with each claim for payment.

9. PREVAILING WAGES
Pursuant to the provisions of Section 1773 of the Labor Code of the State of California, the City Council has obtained the general prevailing rate of per diem wages and the general rate for holiday and overtime work in this locality for each craft, classification, or type of workman needed to execute this Contract from the Director of the Department of Industrial Relations. Copies may be obtained from the California Department of Industrial Relations Internet website at http://www.dir.ca.go . Contractor shall provide a copy of prevailing wage rates to any staff or subcontractor hired and shall pay the adopted prevailing wage rates as a minimum. Contractor shall comply with the provisions of Sections 1720, 1720.9, 1725.5, 1771.1(a), 1773.8, 1775, 1776, 1777.5,

1777.6, and 1813 of the Labor Code. Pursuant to the provisions of 1775 of the Labor Code, Contractor shall forfeit to the City, as a penalty, the sum of $200.00 for each calendar day, or portion thereof, for each laborer, worker, or mechanic employed, paid less than the stipulated prevailing rates for any work done under this Contract, by him or by any subcontractor under him, in violation of the provisions of the Contract. This project, work, or service will be subject to compliance monitoring and enforcement by the Department of Industrial Relations (DIR) pursuant to Labor Code Section 1771.4.

10. TIME OF THE ESSENCE
Time is of the essence in this contract.

11. INDEMNIFICATION
All work covered by this Contract done at the site of construction or in preparing or delivering materials to the site shall be at the risk of Contractor alone. Contractor agrees to save, indemnify, hold harmless and defend the City of Temecula, Temecula Community Services District, and/or Successor Agency to the Temecula Redevelopment Agency, its officers, employees, and agents, against any and all liability, injuries, or death of persons (Contractor's employees included), and damage to property, arising directly or indirectly out of the obligations herein undertaken or out of the operations conducted by Contractor, save and except claims or litigations arising through the sole active negligence or sole willful misconduct of the City.

The Contractor shall indemnify and be responsible for reimbursing the City for any and all costs incurred by the City as a result of Stop Notices filed against the project. The City shall deduct such costs from progress payments or final payments due to the Contractor.

12. GRATUITIES
Contractor warrants that neither it nor any of its employees, agents, or representatives has offered or given any gratuities or promises to City's employees, agents, or representatives with a view toward securing this Contract or securing favorable treatment with respect thereto.

13. CONFLICT OF INTEREST
Contractor warrants that none of its partners, members or shareholders are related by blood or marriage to any employee of the City who has participated in the development of the specifications or approval of this project or who will administer this project nor are they in any way financially associated with any City officer or employee, or any architect, engineer, or other preparers of the Drawings and Specifications for this project. Contractor further warrants that no person in its employ nor any person with an ownership interest in the Contractor has been employed by the City within one year of the date of the Notice Inviting Bids.

14. CONTRACTOR'S AFFIDAVIT
After the completion of the work contemplated by this Contract, Contractor shall file with the City Manager, its affidavit stating that all workmen and persons employed, all firms supplying materials, and all subcontractors upon the Project have been paid in full, and that there are no claims outstanding against the Project for either labor or materials, except certain items, if any, to be set forth in an affidavit covering disputed claims or

items in connection with a Stop Notice which has been filed under the provisions of the laws of the State of California.

15. NOTICE TO CITY OF LABOR DISPUTES
Whenever the Contractor has knowledge that any actual or potential labor dispute is delaying or threatens to delay the timely performance of the Contract, Contractor shall immediately give notice thereof, including all relevant information with respect thereto, to City.

16. BOOKS AND RECORDS
Contractor's books, records, and plans or such part thereof as may be engaged in the performance of this Contract, shall at all reasonable times be subject to inspection and audit by any authorized representative of the City.

17. INSPECTION
The work shall be subject to inspection and testing by City and its authorized representatives during manufacture and construction and all other times and places, including without limitation, the plants of Contractor and any of its suppliers. Contractor shall provide all reasonable facilities and assistance for the safety and convenience of inspectors. All inspections and tests shall be performed in such manner as to not unduly delay the work. The work shall be subject to final inspection and acceptance notwithstanding any payments or other prior inspections. Such final inspection shall be made within a reasonable time after completion of the work.

18. DISCRIMINATION
Contractor represents that it has not, and agrees that it will not, discriminate in its employment practices on the basis of race, creed, religion, national origin, color, sex, age, or handicap.

19. GOVERNING LAW
The City and Contractor understand and agree that the laws of the State of California shall govern the rights, obligations, duties and liabilities of the parties to this Contract and also govern the interpretation of this Contract.

20. PROHIBITED INTEREST
No member, officer, or employee of the City of Temecula or of a local public body who has participated in the development of the specifications or approval of this project or will administer this project shall have any interest, direct or indirect, in the Contract or the proceeds thereof during his/her tenure or for one year thereafter.

Furthermore, the Contractor covenants and agrees to their knowledge that no board member, officer or employee of the City of Temecula has any interest, whether contractual, non -contractual, financial or otherwise, in this transaction, or in the business of the contracting party other than the City of Temecula, and that if any such interest comes to the knowledge of either party at any time, a full and complete disclosure of all such information will be made, in writing, to the other party or parties, even if such interest would not be considered a conflict of interest under Article 4 (commencing with Section 1090) or Article 4.6 (commencing with Section 1220) of Division 4 of Title I of the Government Code of the State of California.

21. ADA REQUIREMENTS
By signing this Contract, Contractor certifies that the Contractor is in total compliance with the Americans with Disabilities Act of 1990, Public Law 101-336, as amended.

22. WRITTEN NOTICE
Any written notice required to be given in any part of the Contract Documents shall be performed by depositing the same in the U.S. Mail, postage prepaid, directed to the address of the Contractor as set forth in the Contract Documents, and to the City addressed as follows:

Mailing and Delivery Address: Ron Moreno, PE
Director of Public Works / City Engineer
City of Temecula
41000 Main Street
Temecula, CA 92590
23, INSURANCE.

Contractor shall procure and maintain for the duration of the contract insurance against claims for injuries to persons and/or damages to property, which may arise from or in connection with the performance of the work hereunder and the results of work by the Contractor, its agents, representatives, employees, or subcontractors. a. Minimum Scope of Insurance. Coverage shall be at least as broad as:
1) Commercial General Liability (CGL): Insurance Services Office Form CG 00 01 covering CGL on an "occurrence" basis, including products and completed operation, property damage, bodily injury, and personal & advertising with limits no less than Two Million ($2,000,000) per occurrence. If a general aggregate limit applies, either the general aggregate limit shall apply separately to this project/location (ISO CG 25 03 05 09 or 25 04 05 09) or the general aggregate limit shall be twice the required occurrence limit.
2) Automobile Liability: ISO Form Number CA 00 01 covering any auto (Code 1), or if Contractor has no owned autos, covering hired, (Code8) and non -owned autos (Code 9), with limits no less than One Million ($1,000,000) per accident for bodily injury, including death, of one or more persons, property damage and personal injury.
3) Workers' Compensation: as required by the State of California, with Statutory Limits, and Employer's Liability Insurance with limit of no less than One million ($1,000,000) per accident for bodily injury or disease. In accordance with the provisions of Labor Code Section 3700, every contractor will be required to secure the payment of compensation to it's employees. Pursuant to Labor Code Section 1861, Vendor must submit to City the following certification before beginning any work on the Improvements:

I am aware of the provisions of Section 3700 of the Labor Code which require every employer to be insured against

liability for workers' compensation or to undertake self-insurance in accordance with the provisions of that code, and I will comply with such provisions before commencing the performance of the work of this contract.

By executing this Agreement, Vendor is submitting the certification required above.

Any insurance or self-insurance maintained by the City of Temecula, Temecula Community Services District, and/or the Successor Agency to the Temecula Redevelopment Agency, its officers, officials, employees, or volunteers shall be excess of the Contractor's insurance and shall not contribute with it. This also applies to any Excess or Umbrella liability policies. 3) The Contractor may use Umbrella or Excess Policies to provide the limits as required in this agreement. The Umbrella or Excess policies shall be provided on a true "following form" or broader coverage basis, with coverage at least as broad as provided on the underlying Commercial General Liability Insurance. 4) Any failure to comply with reporting or other provisions of the policies including breaches of warranties shall not affect the indemnification provided to the City of Temecula, the Temecula Community Services District, and/or the Successor Agency to the Temecula Redevelopment Agency, their officers, officials, employees, or volunteers. 5) The Contractor's insurance shall apply separately to each insured against whom claim is made or suit is brought, except with respect to the limits of the insurer's liability.
6) If the Contractor's maintains broader coverage and/or higher limits than the minimums shown above, the City requires and shall be entitled to the broader coverage and/or higher limits maintained by the contractor. 7) If insurance coverage is canceled or, reduced in coverage or in limits the Contractor shall within two (2) business days of notice from insurer phone, fax,

and/or notify the City via certified mail, return receipt requested of the changes to or cancellation of the policy.
8)Unless otherwise approved by City, if any part of the Services and Tasks is subcontracted, the Minimum Insurance Requirements must be provided by, or on behalf of, all subcontractors even if city has approved lesser insurance requirements for Contractor, and all subcontractors must agree in writing to be bound by the provisions of this section.
d. Acceptability of Insurers. Insurance required above, except for workers' compensation insurance, must be placed with insurers with a current A.M. Best rating of A-: VII or better, unless otherwise acceptable to the City. Self-insurance shall not be considered to comply with these insurance requirements. e. Verification of Coverage. Contractor shall furnish the City with original certificates and amendatory endorsements, or copies of the applicable policy language affecting coverage required by this clause. All certificates and endorsements and copies of the Declarations & Endorsements pages are to be received and approved by the City before work commences. However, failure to obtain the required documents prior to the work beginning shall not waive the Contractor obligation to provide them. The City reserves the right to require complete, certified copies of all required insurance policies, including endorsements required by these specifications, at any time.
f. Special Risks or Circumstances. The City reserves the right to modify these requirements, including limits, based on the nature of the risk, prior experience, insurer, coverage, or other special circumstances.

23. RECOVERED MATERIALS AND SOLID WASTE DISPOSAL ACT
Contractor agrees to comply with all requirements of Section 6002 of the Resource Conservation and Recovery Act (RCRA), as amended (42 U.S.C. 6962), including but not limited to the regulatory provisions of 40 CFR Part 247, and Executive Order 12873, as they apply to the procurement of the items designated in Subpart B of 40 CFR Part 247.

24. TELECOMMUNICATIONS AND VIDEO SURVEILLANCE SERVICES OR

EQUIPMENT
Contractor shall not procure or obtain, extend or renew a contract to procure or obtain, or enter into a contract to procure or obtain equipment, services, or systems that use covered telecommunications equipment or services as a substantial or essential component of any system, or as critical technology as part of any system. As described in Public Law 115-232, section 889, covered telecommunications equipment is telecommunications equipment produced by Huawei Technologies Company or ZTE Corporation, or any subsidiary or affiliate of such entities. Covered equipment also includes video surveillance and telecommunications equipment or services provided by Hytera Communications Corporation, Hangzhou Hikvision Digital Technology Company, Dahua Technology Company, any subsidiary or affiliate of such entities, and any entity that the Secretary of Defense, in consultation with the Director of the National Intelligence or the Director of the Federal Bureau of Investigation, reasonably believes to be an entity owned or controlled by, or otherwise connected to, the government of a covered foreign country.

25. COMPLIANCE WITH LAWS
The Contractor shall comply with all applicable federal, State and local laws, ordinances, codes and regulations in force at the time the Contractor performs pursuant to the Contract Documents, and shall comply with all grant or funding terms and conditions applicable to the Contract and/or the work.

26. CLAIM DISPUTE RESOLUTION
In the event of any dispute or controversy with the City over any matter whatsoever, the Contractor shall not cause any delay or cessation in or of work, but shall proceed with the performance of the work in dispute. The Contractor shall retain any and all rights provided that pertain to the resolution of disputes and protests between the parties. The disputed work will be categorized as an "unresolved dispute" and payment, if any, shall be as later determined by mutual agreement or a court of law. The Contractor shall keep accurate, detailed records of all disputed work, claims and other disputed matters.

All claims arising out of or related to the Contract or this project, and the consideration and payment of such claims, are subject to the Government Claims Act (Government Code Section 810 et seq.) with regard to filing claims. All such claims are also subject to Public Contract Code Section 9204 and Public Contract Code Section 20104 et seq. (Article 1.5), where applicable. This Contract hereby incorporates those provisions as though fully set forth herein. Thus, the Contractor or any Subcontractor must present a claim in accordance with the Government Claims Act as a prerequisite to prosecuting any claim against the City. The filing or prosecution of a claim in compliance with Section 9204 and/or Article 1.5 (if applicable) does not in any way obviate the need to timely present a claim under the Government Claims Act, or in any toll the expiration of any limitations period for the timely presentation of a claim under the Government Claims Act.

IN WITNESS WHEREOF, the parties here to have caused this Contract to be executed on the date first above written.

DATED: ' [ &
DATED:

ATTEST:

Randi Johl, City Clerk
APPROVED AS TO FORM:

Peter M. Thorson, City Attorney
CONTRACTOR:

L.C. Paving & Sealing, Inc.
620 Alpine Way
Escondido, CA 92029
(760) 752-1743
shawn@lcpy y� gg.com
Jose Salinas
Print or type NAME
Chief Executive Officer Secretary,
Chief Financial Officer
Print or type TITLE*

CITY OF TEMECULA
By:

Brenden Kalfus, Mayor

Alk
The! tear, c` .S uw :rn C::,r:1 rni,
',Vrie

SIDEWALKS-PAUBA ROAD
Infrastructure Project
Project Description: This project will include the construction of sidewalks along Pauba Road from Elinda Road to Showalter Road.

Benefit: This project will provide walking surfaces for pedestrians.

Core Value: Transportation Mobility and Connectivity
Project Status: This section of Pauba Road was identified in the City's Sidewalk Gap Study. Construction is anticipated to commence in Fiscal Year 2024-2025.

Department: Public Works - Account No. 210.265.999.5800.PWSW-02-02 Level: I
City of Temecula
Fiscal Years 2026-30
Capital Improvement Program
Project Cost:

Prior Years
Actuals
2025-26
2024-25 Adopted 2026-27 2027-28 2028-29 2029-30
Adjusted Budget Projected Projected Projected Projected Total Project
Cost
5801-Administration
43,966
71,034 80,000
195,000
5804-Construction
712,124
712,124
5805-Construction Engineering
60,000
60,000
5802-Design & Environmental
22,638
47,362 20,000
90,000
Total Expenditures
66,604
890,520 100,000
1,057,124
Source of Funds:
4002-Measure S
4437-Senate Bill 821
65,316
529,208 100,000
362,600
694,524
362,600
Total Funding
65,316
891,808 100,000
1,057,124
Future Operating & Maintenance Costs:

Total Operating Costs
Notes :

1. Grant funding source reflects the 2023 Senate Bill 821, Bicycle and Pedestrian Facilities Program grant. 147

Item No. 8

CITY OF TEMECULA

AGENDA REPORT
TO: City Manager/City Council
FROM: Ron Moreno, Director of Public Works/City Engineer DATE: September 23, 2025
SUBJECT: Accept Improvements and File the Notice of Completion for the Santa Gertrudis Creek Trail Phase II — Margarita Road Under -Crossing (Rebid) Project, PW 19-04 PREPARED BY: Nino Abad, Principal Civil Engineer
William Becerra, Associate Engineer II
RECOMMENDATION: That the City Council:

1. Accept the construction of the Santa Gertrudis Creek Trail Phase II — Margarita Road Under -Crossing (Rebid) Project, PW19-04; and

2. Direct the City Clerk to file and record the Notice of Completion, release the Performance Bond, and accept a one-year Maintenance Bond in the amount of 10% of the final contract amount; and

3. Release the Labor and Materials Bond seven months after filing the Notice of Completion, if no liens have been filed.

BACKGROUND: On May 14, 2024, the City Council awarded a Construction Contract to Beador Construction Company, Inc. in the amount of $3,565,700 and authorized the City Manager to approve change orders not to exceed the contingency amount of $356,570, which is equal to 10% of the Contract amount.

The Santa Gertrudis Creek Trail Phase II — Margarita Road Under -Crossing (Rebid), PW 19-04; includes the design, environmental clearance, and construction of the Santa Gertrudis Creek Trail under Margarita Road. The under -crossing provides a continuous paved path beneath Margarita Road along the Santa Gertrudis Creek allowing users to pass under Margarita Road at this location.

Beador Construction company, Inc. has completed the work in accordance with the approved plans and specifications and to the satisfaction of the Director of Public Works/City Engineer. All work is warranted for a period of one year from May 8, 2025, the date the City obtained "beneficial use" of the project improvements. The retention for this project has been released pursuant to the provisions of Public Contract Code 7107.

The amount of the contract was $3,565,700. There were four (4) contract change orders with a net total of $180,315.13. The final contract amount totaled $3,746,015.13 FISCAL IMPACT: There is no fiscal impact associated with accepting the project and filing and recording the Notice of Completion.

ATTACHMENTS: 1. Notice of Completion

2. Contractor's Affidavit and Final Release

3. Maintenance Bond

RECORDING REQUESTED BY
AND RETURN TO:

CITY CLERK

CITY OF TEMECULA
41000 Main Street
Temecula, CA 92590

EXEMPT FROM RECORDER'S FEES
Pursuant to Government Code
Sections 6103 and 27383

NOTICE OF COMPLETION
NOTICE IS HEREBY GIVEN THAT:

The City of Temecula is the owner of the property hereinafter described.

2. The full address of the City of Temecula is 41000 Main Street, Temecula, California 92590.

3. The Nature of Interest is a Contract which was awarded by the City of Temecula to Beador Construction Company, Inc., 2900 Bristol Street, Suite D204, Costa Mesa, CA 92626 to perform the following work of improvement:

Santa Gertrudis Creek Trail Phase II — Margarita Road Under -Crossing (Rebid), Project No. PW19-04

4. Said work was completed by said company according to plans and specifications and to the satisfaction of the Director of Public Works of the City of Temecula and that said work was accepted by the City Council of the City of Temecula at a regular meeting thereof held on September 23, 2025. That upon said contract the Great Midwest Insurance Company was surety for the bond given by the said company as required by law.

5. The property on which said work of improvement was completed is in the City of Temecula, County of Riverside, State of California, and is described as follows:

Margarita Road Bridge over Santa Gertrudis Creek

6. The location of said property is: Margarita Road, Temecula, California.

Dated at Temecula, California, this 23rd day of September, 2025.

City of Temecula
Randi Johl, City Clerk

STATE OF CALIFORNIA )
COUNTY OF RIVERSIDE ) ss

CITY OF TEMECULA )
I, Randi Johl, City Clerk of the City of Temecula, California, do hereby certify under penalty of perjury, that the foregoing NOTICE OF COMPLETION is true and correct, and that said NOTICE OF COMPLETION was duly and regularly ordered to be recorded in the Office of the County Recorder of Riverside by said City Council.

Dated at Temecula, California, this 23rd day of September, 2025.

City of Temecula
Randi Johl, City Clerk

CITY OF TEMECULA, DEPARTMENT OF PUBLIC WORKS

CONTRACTOR'S AFFIDAVIT AND FINAL RELEASE
for

SANTA GERTRUDIS CREEK TRAIL PHASE II - MARGARITA RD UNDER -CROSSING (REBID)
PROJECT NO. PW19-04
This is to certify that Beador Construction Company, Inc. (hereinafter the "Contractor") declares to the City of Temecula, under oath, that he/she/it has paid in full for all materials, supplies, labor, services, tools, equipment, and all other bills contracted for by the Contractor or by any of the Contractor's agents, employees or subcontractors used or in contribution to the execution of its Contract with the City of Temecula, with regard to the building, erection, construction, or repair of that certain work of improvement known as SANTA

GERTRUDIS CREEK TRAIL PHASE II - MARGARITA RD UNDER -CROSSING (REBID), PROJECT NO. PW19-04, situated in the City of Temecula, State of California, more particularly described as follows:

Santa Gertrudis Creek Trail, City of Temecula

ADDRESS OR DESCRIBE LOCATION OF WORK
The Contractor declares that it knows of no unpaid debts or claims arising out of said Contract which would constitute grounds for any third party to claim a Stop Notice against of any unpaid sums owing to the Contractor.

Further, in connection with the final payment of the Contract, the Contractor hereby disputes the following amounts:

Description I Dollar Amount to Dispute
Pursuant to Public Contract Code Section 7100, the Contractor does hereby fully release and acquit the City of Temecula and all agents and employees of the City, and each of them, from any and all claims, debts, demands, or cause of action which exist or might exist in favor of the Contractor by reason of payment by the City of Temecula of any contract amount which the Contractor has not disputed above.

CONTRACTOR:

Beador Construction Company, Inc.

Dated:07/25/2025 By: __�&
Signature
David Beador / President
Print Name and Title
RELEASE R-1

CITY OF TEMECULA, DEPARTMENT OF PUBLIC WORKS
BOND NO. GM234171

MAINTENANCE BOND
for

SANTA GERTRUDIS CREEK TRAIL PHASE II - MARGARITA RD UNDER -CROSSING (REBID)
PROJECT NO. PW19-04

KNOW ALL PERSONS BY THESE PRESENT THAT
Beador Construction Company, Inc., 2900 Bristol Street, Suite D204, Costa Mesa, CA 92626

NAME AND ADDRESS OF CONTRACTOR
a Sub S. Corporation _ (hereinafter called "Principal'), and (fill in whether a Corporation, Partnership, or Individual) Great Midwest Insurance Company, 800 Gessner Rd. Ste 600 Houston TX 77024

NAME AND ADDRESS OF SURETY
(hereinafter called "Surety"), are held and firmly bound unto CITY OF TEMECULA (hereinafter called "Owner") in the penal sum of Three Hundred Seventy Four Thousand Six Hundred One DOLLARS AND Fifty -One CENTS ($ 374,601.51 ) in lawful money of the United States, said sum being not less than ten percent of the Contract value payable by the said City of Temecula under the terms of the Contract, for the payment of which, we bind ourselves, successors, and assigns, jointly and severally, firmly by these presents.

THE CONDITION OF THIS OBLIGATION is such that whereas, the Principal entered into a certain Contract with the Owner, dated the 14th day of , _ May , 2024 a copy of which is hereto attached and made a part hereof for the construction of SANTA

GERTRUDIS CREEK TRAIL PHASE II - MARGARITA RD UNDER -CROSSING (REBID), PROJECT NO. PW19-04.

WHEREAS, said Contract provides that the Principal will furnish a bond conditioned to guarantee for the period of one year after approval of the final estimate on said job, by the Owner, against all defects in workmanship and materials which may become apparent during said period; and WHEREAS, the said Contract has been completed, and was the final estimate approved on this the day of , 20
NOW, THEREFORE, THE CONDITION OF THIS OBLIGATION IS SUCH, that if within one year from the date of approval of the final estimate on said job pursuant to the Contract, the work done under the terms of said Contract shall disclose poor workmanship in the execution of said work, and the carrying out of the terms of said Contract, or it shall appear that defective materials were furnished thereunder, then this obligation shall remain in full force and virtue, otherwise this instrument shall be void.

MAINTENANCE BOND MB-1

As a part of the obligation secured hereby and in addition to the face amount specified, costs and reasonable expenses and fees shall be included, including reasonable attorney's fees incurred by the City of Temecula in successfully enforcing this obligation, all to be taxed as costs and included in any judgment rendered.

The Surety hereby stipulates and agrees that no change, extension of time, alteration, or addition to the terms of the Contract, or to the work to be performed thereunder, or to the specifications accompanying the same, shall in any way affect its obligations on this bond, and it does hereby waive notice of any such change, extension of time, alteration, or addition to the terms of the Contract, or to the work, or to the Specifications.

Signed and sealed this 18th day of
(Seal)
SURETY: Great Midwest Insurance Company
Edward_ N. Hackett
(Name)
Attorney--in-Fact
(Title)
APPROVED AS TO FORM:

Peter M. Thorson, City Attorney
,20 25 .

PRINCIPA } Beador Construction Company, Inc.
�a
i
By: 1 '
(Name
(Title)
By:
ita4
(Name)
(Title)
NOTE: Signatures of two corporate officers required for corporations. A Notarial Acknowledgement or Jurat must be attached for each of the Surety and Principal Signatures.

MAINTENANCE BOND MB-2

ACKNOWLEDGMENT
A notary public or other officer completing this
certificate verifies only the identity of the individual who signed the document to which this certificate is
attached. and not the truthfulness, accuracy, or
validity of that document.

State of California Orange
County of
On c lr before me, Jessica Coria, Notary Public
(insert name and title of the officer)
personally appeared David Beador
who proved to me on the basis of satisfactory evidence to be the person(s) whose name(s) is/are subscribed to the within instrument and acknowledged to me that he/she/they executed the same in his/her/their authorized capacity(ies), and that by his/her/their signature(s) on the instrument the person(s), or the entity upon behalf of which the person(s) acted, executed the instrument I certify under PENALTY OF PERJURY under the laws of the State of California that the foregoing paragraph is true and correct.

WITNESS my hand and official seal
Signature

JESSKA COMA
Notary Pubtic • California
Orange County
Commission # 24$I750
Dy Lamm. Expires Feb 23, Z4Z8
(Seal)

CALIFORNIA CERTIFICATE OF ACKNOWLEDGMENT
A notary pdo
ublic or other officer completing this certificate verifies only the identity of the individual who signed the cument to which this certificate is attached, and not the truthfulness, accuracy, or validity of that document.

State of California
County of ea ri Qe. )
On JUL 18 2025
_ _before me,
Car( P. LIQMoc, ►JO+Sga. �wlo�iG
(here insert name and title of the offi )
personally appeared �td o a �c
who proved tome on the basis of satisfactory evidence to be the persorr(5} whose name{&} isiare subscribed to the within instrument and acknowledged to me that hefsl°refthe r executed the same in his/her/+heir authorized capacity(+es} and that by his/l e+r signature* on the instrument the person{&}, or the entity upon behalf of which the person{s+acted, executed the instrument.

I certify under PENALTY OF PERJURY under the laws of the State of California that the foregoing paragraph is true and correct.

WITNESS my hand and official seal.

Signature
CARLY P. MATLOCK
4 COMM. #2423661 z
z = Notary Public • Calitornia z
Orange County
Mx Comm. Expires Oct. 27, 202§
(Seal)
Optional Information
Although the information in this section is not required by law, it could prevent fraudulent removal and reattachment of this acknowledgment to an unauthorized document and may prove useful to persons relying on the attached document.

Description of Attached Document
The preceding Certificate of Acknowledgment is attached to a document titled/for the purpose of Mci,irrhenanc,e- 6- r1a
t,1o. G M234 ,
containing Z pages, and dated JUL 18 2025
The signer(s) capacity or authority is/are as;
❑ Individual(s)
Attorney -in -Fact
❑ Corporate Officer(s)
❑ Guardian/Conservator
❑ Partner - Limited/General
❑ Trustee(s)
❑ Other:
representing:

Title(s)
Name(s) of Person(s) or Entity(ies) Signer is Representing Method of Signer Identification
Proved to me on the basis of satisfactory evidence:

O form(s) of identification O credible witness(es)
Notarial event is detailed in notary journal on:

Page # Entry #
Notary contact:

Other
❑ AdditionalSigner(s) ❑ Signer(s)Thumbprint(s)
© Copyright 2007-2021 Notary Rotary, PO Box 41400, Des Moines, IA 50311-0507. All Rights Reserved. Item Number 101772. Please contact your Authorized Reseller to purchase copies of this form.

POWER OF ATTORNEY
Great Midwest Insurance Company
KNOW ALL MEN BY THESE PRESENTS, that GREAT MIDWEST INSURANCE COMPANY, a Texas Corporation, with its principal office lin Houston, TX, does hereby constitute and appoint: Edward N. Hackett, Christine Maestas Iits true and lawful Attorneys) -In -Fact to make, execute, seal and deliver for, and on its behalf as surety, any and all bonds, undertakings or other kvritinps obligatory in nature of a bond.

This authority is made under and by the authority of a resolution which was passed by the Board of Directors of GREAT MIDWEST INSURANCE COMPANY, on the 1 st day of April, 2025 as follows:

Resolved, that the President, or any officer, be and hereby is, authorized to appoint and empower any representative of the Company other person or persons as Attorney -In -Fact to execute on behalf of the Company any bonds, undertakings, policies, contracts of indemnity or oft writings obligatory in nature of a bond not to exceed One -Hundred Million dollars ($100,000,000.00), which the Company might execute throu[ its duly elected officers, and affix the seal of the Company thereto. Any said execution of such documents by an Attorney -In -Fact shall be binding upon the Company as if they had been duly executed and acknowledged by the regularly elected officers of the Company. Any Attorney -I Fact, so appointed, may be removed in the Company's sole discretion and the authority so granted may be revoked as specified in the Power Resolved, that the signature of the President and the seal of the Company may be affixed by electronic mail on any power of attorr ted, and the signature of the Secretary, and the seal of the Company may be affixed by electronic mail to any certificate of any such poi any such power or certificate bearing such electronic signature and seal shall be valid and binding on the Company. Any such power uted and sealed and certificate so executed and sealed shall, with respect to any bond of undertaking to which it is attached, continue to and binding on the Company.

IN WITNESS THEREOF, GREAT MIDWEST INSURANCE COMPANY, has caused this instrument to be signed by its President, and Corporate Seal to be affixed this 8th day of April, 2025.

GREAT MIDWEST INSURANCE COMPANY
I �
BY
Mark W. Haushill
President

ACKNOWLEDGEMENT
On this 8th day of April 2025, before me, personally came Mark W. Haushill to me known, who being duly sworn, did depose and say ;hat he is the President of GREAT MIDWEST INSURANCE COMPANY, the corporation described in and which executed the above instrument; that me executed said instrument on behalf of the corporation by authority of his office under the By-laws of said corporation. #;tt -'►§ CHRISTIMBIS W
My Notary ID # 13109i;488
r 4 2029
�, BY .�'3�1i AVJ
ExplresApnl t Christina Bishop %
Notary Public

CERTIFICATE
I, the undersigned, Secretary of GREAT MIDWEST INSURANCE COMPANY, A Texas Insurance Company, DO HEREBY CERTIFY that original Power of Attorney of which the foregoing is a true and correct copy, is in full force and effect and has not been revoked and the resolutions set forth are now in force.
and Sealed at Houston, TX this ��` Day of �T�t _ 2025
$�Nsuny
op y

GORPORATESEAL BY
Patricia an
a� Secretary
"WARNING: Any person who knowingly and with intent to defraud any insurance company or other person, files and application for insurance of claim containing any materially false information, or conceals for the purpose of misleading, information concerning any fact material thereto, commits a Fraudulent insurance act, which is a crime and subjects such person to criminal and civil penalties.

No. 5780-2

STATE OF CALIFORNIA

DEPARTMENT OF INSURANCE

SAN FRANCISCO
Amended
Certificate of Authority
THIS IS TO CERTIFY, That, pursuant to the Insurance Code of the State of California, Great Midwest Insurance Company
of Texas, organized under the laws of Texas, subject to its Articles of Incorporation or other fundamental organizational documents, is hereby authorized to transact within this State, subject to all provisions of this Certificate, the following classes of insurance:

Fire, Marine, Surety, Disability, Plate Glass, Liability, Workers' Compensation, Common Carrier Liability, Boiler and Machinery, Burglary, Credit, Sprinkler, Team and Vehicle, Automobile, and Aircraft as such classes are now or may hereafter be defined in the Insurance Laws of the State of California.

THIS CERTIFICATE is expressly conditioned upon the holder hereof now and hereafter being in full compliance with all, and not in violation of any, of the applicable laws and lawful requirements made under authority of the laws of the State of California as long as such laws or requirements are in effect and applicable, and as such laws and requirements now are, or may hereafter be changed or amended.

IN WITNESS WHEREOF, effective as of the 4`h day ofAugust, 2015, I have hereunto set my hand and caused my official seal to be affixed this 4rh day of August, 2015.

Dave Jones
Insurance Commissioner
By Valerie Sarfaty
for Nettie Hoge
Chief Deputy
NOTICE:

Qualification with the Secretary of State must be accomplished as required by the California Corporations Code promptly after issuance ofthis Certificate of Authority. Failure to do so will be a violation of Insurance Code section 701 and will be grounds for revoking this Certificate of Authority pursuant to the covenants made in the application therefor and the conditions contained herein.

Item No. 9

ACTION MINUTES

TEMECULA COMMUNITY SERVICES DISTRICT MEETING

COUNCIL CHAMBERS
41000 MAIN STREET

TEMECULA, CALIFORNIA
SEPTEMBER 9, 2025
CALL TO ORDER at 3:33 PM: President Zak Schwank
ROLL CALL: Alexander, Kalfus, Rahn, Schwank, Stewart
PUBLIC COMMENTS — None

CSD CONSENT CALENDAR
Unless otherwise indicated below, the following pertains to all items on the Consent Calendar.

Approved the Staff Recommendation (5-0): Motion by Stewart, Second by Rahn. The vote reflected unanimous approval.

11. Approve Action Minutes of August 26, 2025
Recommendation: That the Board of Directors approve the action minutes of August 26, 2025.

12. Approve Sponsorship Agreement with Senior Golden Years of Temecula Valley, Inc. in Support of Senior Services Activities
Recommendation: That the Board of Directors approve the sponsorship agreement with non-profit Senior Golden Years of Temecula Valley, Inc. in support of senior services activities, with in -kind facility and staff support valued at $1,900.

CSD DIRECTOR OF COMMUNITY SERVICES REPORT

CSD GENERAL MANAGER REPORT

CSD BOARD OF DIRECTORS REPORTS

CSD ADJOURNMENT
At 3:35 PM, the Community Services District meeting was formally adjourned to Tuesday, September 23, 2025 at 2:00 PM for a Closed Session, with a regular session commencing at 3:00 PM, City Council Chambers, 41000 Main Street, Temecula, California.

Zak Schwank, President

ATTEST:

Randi Johl, Secretary
[SEAL]

Item No. 10

TEMECULA COMMUNITY SERVICES DISTRICT

AGENDA REPORT
TO: General Manager/Board of Directors
FROM: Erica Russo, Director of Community Services
DATE: September 23, 2025
SUBJECT: Approve First Amendment to the Agreement with M & J Paul Enterprises, Inc. dba Jolly Jumps for Event and Program Rental Items
PREPARED BY: Emily Sizemore, Administrative Assistant
RECOMMENDATION: That the Board of Directors approve the first amendment to the agreement with M & J Paul Enterprises, Inc. dba Jolly Jumps for event and program rental items.

BACKGROUND: On May 14, 2024, the City entered into an agreement with M & J Paul Enterprises, Inc. dba Jolly Jumps for event services and program rental items throughout the year. Due to the established relationship and the excellent service that M & J Paul Enterprises, Inc. has provided the City, the City would like to expand the scope of work for the services that the City purchases from the provider.

The amended scope of work accounts for a much larger selection of the services that the vendor offers, allowing the City to offer new, fun activities to the public at TCSD's special events. This amendment also includes updated insurance language that is required to cover the increased scope of work.

FISCAL IMPACT:

None
ATTACHMENTS: First Amendment

FIRST AMENDMENT TO AGREEMENT BETWEEN
TEMECULA COMMUNITY SERVICES DISTRICT AND M & J PAUL ENTERPRISES, INC.

DBA JOLLY JUMPS

NON-EXCLUSIVE EVENT SERVICE PROVIDER AGREEMENT
THIS FIRST AMENDMENT is made and entered into as of September 23, 2025 by and between the Temecula Community Services District, a community services district (hereinafter referred to as "City"), and M & J Paul Enterprises, Inc. dba Jolly Jumps, a Corporation (hereinafter referred to as "Provider"). In consideration of the mutual covenants and conditions set forth herein, the parties agree as follows:

This Amendment is made with the respect to the following facts and purposes:
a. On May 14, 2024, the City and Provider entered into that certain Agreement entitled "NON-EXCLUSIVE EVENT SERVICE PROVIDER AGREEMENT," in the amount of $150,000.

The parties now desire to add scope of work, update the insurance requirements, and to amend the Agreement as set forth in this Amendment.

2. Section 11 of the Agreement entitled "INSURANCE REQUIREMENTS" is hereby amended to read as follows:

Provider shall procure and maintain for the duration of the contract insurance against claims for injuries to persons and/or damages to property, which may arise from or in connection with the performance of the work hereunder and the results of work by the Provider, its agents, representatives, employees, or subcontractors. a. Minimum Scope of Insurance. Coverage shall be at least as broad as:
1) Commercial General Liability (CGL): Insurance Services Office Form CG 00 01 covering CGL on an "occurrence" basis, including products and completed operation, property damage, bodily injury, and personal & advertising with limits no less than One Million ($1,000,000) per occurrence. If a general aggregate limit applies, either the general aggregate limit shall apply separately to this project/location (ISO CG 25 03 05 09 or 25 04 05 09) or the general aggregate limit shall be twice the required occurrence limit.
2) Automobile Liability: ISO Form Number CA 00 01 covering any auto (Code 1), or if Provider has no owned autos, covering hired, (Code8) and non - owned autos (Code 9), with limits no less than One Million ($1,000,000) per accident for bodily injury, including death, of one or more persons, property damage and personal injury.
3) Workers' Compensation: as required by the State of California, with Statutory Limits, and Employer's Liability Insurance with limit of no less than One million ($1,000,000) per accident for bodily injury or disease. In accordance with the provisions of Labor Code Section 3700, every contractor will be required to secure the payment of compensation to it's employees. Pursuant to Labor Code 01/01/2025

Section 1861, Provider must submit to City the following certification before beginning any work on the Improvements:

I am aware of the provisions of Section 3700 of the Labor Code which require every employer to be insured against liability for workers' compensation or to undertake self- insurance in accordance with the provisions of that code, and I will comply with such provisions before commencing the performance of the work of this contract.

By executing this Agreement, Provider is submitting the certification required above.

The policy must contain a waiver of subrogation in favor of the City of Temecula, the Temecula Community Services District, the Successor Agency to the Temecula Redevelopment Agency, their officers, officials, employees or volunteers. b. Deductibles and Self -Insured Retentions. Any deductibles or self -insured retentions must be declared and approved by the Risk Manager. c. Other Insurance Provisions. The insurance policies are to contain, or be endorsed to contain, the following provisions:
1) The City of Temecula, the Temecula Community Services District, the Successor Agency to the Temecula Redevelopment Agency, their officers, officials, employees and volunteers are to be covered as additional insureds on the CGL policy with respect to liability arising out of work or operations performed by or on behalf of the Provider's products and completed operations of the Provider; premises owned, occupied or used by the Provider. General liability coverage can be provided in the form of an endorsement to the Provider Insurance (at least as broad as ISO Form CG 20 10 11 85 or if not available, through the addition of both CG 20 10, CG 20 26, CG 20 33, or CG 20 38; and CG 20 37 if a later edition is used). The coverage shall contain no special limitations on the scope of protection afforded to the City of Temecula, the Temecula Community Services District, the Successor Agency to the Temecula Redevelopment Agency, their officers, officials, employees or volunteers.
2) For any claims related to this project, the Provider insurance coverage shall be primary and non-contributory and at least as broad as ISO CG 20 01 04 13 as respects the City, the Temecula Community Services District, the Successor Agency to the Temecula Redevelopment Agency, their officers, officials, employees and volunteers. Any insurance or self-insurance maintained by the City of Temecula, Temecula Community Services District, and/or the Successor Agency to the Temecula Redevelopment Agency, its officers, officials, employees or volunteers shall be excess of the Incubator Client's insurance and shall not contribute with it. This also applies to any Excess or Umbrella liability policies. 3) The Provider may use Umbrella or Excess Policies to provide the limits as required in this agreement. The Umbrella or Excess policies shall be provided on a true "following form" or broader coverage basis, with coverage at least as broad as provided on the underlying Commercial General Liability Insurance. 4) Any failure to comply with reporting or other provisions of the policies including breaches of warranties shall not affect the indemnification provided to the 01/01/2025

City of Temecula, the Temecula Community Services District, and/or the Successor Agency to the Temecula Redevelopment Agency, their officers, officials, employees, or volunteers.
5) The Provider's insurance shall apply separately to each insured against whom claim is made or suit is brought, except with respect to the limits of the insurer's liability.
6) If the Provider maintains broader coverage and/or higher limits than the minimums shown above, the City requires and shall be entitled to the broader coverage and/or higher limits maintained by the Provider. 7) If insurance coverage is canceled or, reduced in coverage or in limits the Provider shall within two (2) business days of notice from insurer phone, fax, and/or notify the City via certified mail, return receipt requested of the changes to or cancellation of the policy.
8) Unless otherwise approved by City, if any part of the Services and Tasks is subcontracted, the Minimum Insurance Requirements must be provided by, or on behalf of, all subcontractors even if city has approved lesser insurance requirements for Provider, and all subcontractors must agree in writing to be bound by the provisions of this section.
d. Acceptability of Insurers. Insurance required above, except for workers' compensation insurance, must be placed with insurers with a current A.M. Best rating of A-:VII or better, unless otherwise acceptable to the City. Self-insurance shall not be considered to comply with these insurance requirements. e. Verification of Coverage. Provider shall furnish the City with original certificates and amendatory endorsements, or copies of the applicable policy language affecting coverage required by this clause. All certificates and endorsements and copies of the Declarations & Endorsements pages are to be received and approved by the City before work commences. However, failure to obtain the required documents prior to the work beginning shall not waive the Provider obligation to provide them. The City reserves the right to require complete, certified copies of all required insurance policies, including endorsements required by these specifications, at any time. f. Special Risks or Circumstances. The City reserves the right to modify these requirements, including limits, based on the nature of the risk, prior experience, insurer, coverage, or other special circumstances.

3. Exhibit "A" to the Agreement is hereby amended by adding thereto the items set forth on Attachment "A" to this Amendment, which is attached hereto and incorporated herein as though set forth in full.

4. Except for the changes specifically set forth herein, all other terms and conditions of the Agreement shall remain in full force and effect. 3 01/01/2025

IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed the day and year first above written.

TEMECULA COMMUNITY SERVICES M & J PAUL ENTERPRISES, INC. DBA

DISTRICT JOLLY JUMPS
(Two Signatures of corporate officers required unless
corporate documents authorize only one person to sign
the agreement on behalf of the corporation.)
By:

Zak Schwank, TCSD President
ATTEST:

By
Randi Johl, Secretary
APPROVED AS TO FORM:

Joy Paul, CEO
97g 1) / // Sdeh �s an eyenl Is JMI'hrTf
»// �1/.`..�V
By:

Joshua Paul, CFO
By:

Peter M. Thorson, General PROVIDER
Counsel
M&J Paul Enterprises dba Jolly Jumps
Attn: Joy Paul
43153 Business Park Drive
Temecula, CA 92590
[email protected]
4 01 /01 /2025

ATTACHMENT A
EXHIBIT "A"
Provider recognizes and agrees that this Agreement is for the purpose of establishing a contractual relationship between Temecula Community Services District and the Provider, for inflatables and other event services for the City of Temecula for City events and programs. Event services shall include jolly jumps and similar type inflatables, carnival games, game booths, face painting, body art, water slides and obstacles courses, and all other services listed below. The procedure for requesting and assigning services is set forth as follows:

1. The Director of Community Services or his designee shall submit to Provider a written "Request for Event Services." The date, time, and location of Provider' s performance shall be determined at the time of City' s Request for Services. The Request for Event Services shall include a description of the services to be completed, the date requested or the time for completion of the services, and any other relevant information necessary to provide the services.

2. Within five (5) business days of the date of the Request for Services, Provider shall respond in writing to the Request for Services and advise the Director of Community Services whether it can perform the services and specify the cost of service in accordance with the rates set forth in Exhibit " B" to this Agreement.

3. Upon the Director of Community Services written acceptance of the Provider' s response, the Provider shall proceed with the services on the date requested. The performance of the services shall be pursuant to the terms of this Agreement.

Services will include:
• Jolly Jumps/Bounce Houses and • Hospitality Station
similar type inflatables
•
On -site BBQ Catering
• Carnival Games
•
Spin Art Stations
• Game Booths
•
Cupcake Decorating Stations
• Face Painting/ Body Art
.

S'mores Stations
• Water Slides
•
Themed Photo Backdrops with
• Obstacle Courses
Props
• Balloon Art
•
Santa Claus
• Caricature Artist
•
Mrs. Claus
• Photo Booths
•
Blowing snowman — Evaporative
• Kinetic Sand Table with Toys
Snow Machine
• Gold Panning Experience
•
Easter bunny character
• Reptile Party
•
Bubble Snow Effect Machine
• Exotic Animal Show
•
Rock Walls
• Horse Drawn Carriage Rides
•
Trackless Trains
• Pony Rides
•
Laser Tag
• Petting Zoos
•
Food Machines
• Inflatable Movie Screens
•
Lectern Stand Rentals
• Fun Food Station
•
Equipment Rentals
• Craft Stations
5 01 /01 /2025

Item No. 11

TEMECULA COMMUNITY SERVICES DISTRICT

AGENDA REPORT
TO: General Manager/Board of Directors
FROM: Erica Russo, Director of Community Services
DATE: September 23, 2025
SUBJECT: Receive Recommendations Related to Temecula Sunset Market and Provide General Direction Regarding the Same (At the Request of Council Members Schwank and Stewart)
PREPARED BY: Dawn Adamiak, Assistant Director of Community Services RECOMMENDATION: That the Board of Directors receive recommendations related to the Temecula Sunset Market and provide general direction regarding the same.

BACKGROUND: The Temecula Sunset Market launched in July 2023 after an RFP (Request for Proposal) process was conducted. The original agreement was for one year with the option to extend for an additional two-year term, with an annual stipend of $20,000 intended to help the market get off the ground, which was approved in May 2024. The first year the market was scheduled for the 2nd and 4th Wednesday of every month, but was changed to Thursdays due to low attendance on Wednesdays, with no market during December and January. After the initial year, the agreement was amended to change the market dates to March through November, with a special holiday market on Shop Small Business Saturday (in November). For 2026, staff originally recommended the market be hosted May -October when the weather is most conducive to an outdoor evening event. However, with the Temecula Sunset Market agreement expiring June 30, 2026 (i.e., midway through the market season), the Parks, Recreation, and Community Services Subcommittee met on August 12, 2025, and received an update from staff on possible direction of the market.

Staff recommends that the City discontinue the current Temecula Sunset Market as of Fall 2025, then expand the Summer Concert Series for 2026 to include 8 concerts, with staff securing food and artisan vendors during the Summer Concert Series only. There is a large increase in attendance when the market and concert fall on the same night. This option would reduce road closures from approximately 16 in 2025 to eight in 2026.

FISCAL IMPACT: Adequate funds for the 2025 summer concerts and road closures are available in FY 25-26 annual operating budget, while funds for future fiscal years will be requested as part of the Annual Operating Budget process. Potential revenue would be generated coming from vendor fees and sponsorships for the concert series.

ATTACHMENTS: None

Item No. 12

TEMECULA COMMUNITY SERVICES DISTRICT

AGENDA REPORT
TO: General Manager/Board of Directors
FROM: Erica Russo, Director of Community Services
DATE: September 23, 2025
SUBJECT: Receive Recommendations Related to New Year's Eve Grape Drop and Provide General Direction Regarding the Same (At the Request of Subcommittee Members Schwank and Stewart)
PREPARED BY: Dawn Adamiak, Assistant Director of Community Services RECOMMENDATION: That the Board of Directors receive recommendations related to the New Year's Eve Grape Drop and provide general direction regarding the same.

BACKGROUND: The Parks, Recreation, and Community Services Subcommittee met on April 2, 2025, to discuss Old Town events and road closures. Subcommittee direction included bringing New Year's Eve Grape Drop back again for further discussion on more specific event details. On August 12, 2025, the Parks, Recreation, and Community Services Subcommittee met and heard a report on further logistics of the annual New Year's Eve Grape Drop.

This annual event will run from 6pm-1 Opm featuring live music, food vendors, free expanded activities for kids, and those young at heart, and a 10-minute drone show culminating with a 9pm East Coast countdown. Staff recommends incorporating a grape "drop" into the drone show with a static grape display on the front of City Hall and not utilizing the crane. For staff safety and potential weather issues, it is not recommended to "drop" the grapes from City Hall.

FISCAL IMPACT: Potential cost savings of around $6,000 from crane rental.

ATTACHMENTS: None

Item No. 13

ACTION MINUTES

TEMECULA PUBLIC FINANCING AUTHORITY MEETING

COUNCIL CHAMBERS
41000 MAIN STREET

TEMECULA, CALIFORNIA
SEPTEMBER 9, 2025
CALL TO ORDER at 3:35 PM: Chair Brenden Kalfus
ROLL CALL: Alexander, Kalfus, Rahn, Schwank, Stewart
TPFA PUBLIC COMMENTS — None

TPFA CONSENT CALENDAR
Unless otherwise indicated below, the following pertains to all items on the Consent Calendar.

Approved the Staff Recommendation (5-0): Motion by Alexander, Second by Rahn. The vote reflected unanimous approval.

13. Approve and Adopt Resolutions of Intention to Form CFD No. 25-01 (Elderberry Park), Authorize the Levy of Special Taxes on Property in CFD No. 25-01, Incur Bonded Indebtedness for CFD No. 25-01 and Approve Related Documents and Agreements Recommendation: That the Board of Directors adopt resolutions entitled:

RESOLUTION NO. TPFA 2025-10

A RESOLUTION OF THE BOARD OF DIRECTORS OF THE

TEMECULA PUBLIC FINANCING AUTHORITY DECLARING ITS

INTENTION TO ESTABLISH A COMMUNITY FACILITIES

DISTRICT AND TO AUTHORIZE THE LEVY OF SPECIAL TAXES
THEREIN - COMMUNITY FACILITIES DISTRICT NO. 25-01
(ELDERBERRY PARK)
RESOLUTION NO. TPFA 2025-11

A RESOLUTION OF THE BOARD OF DIRECTORS OF THE

TEMECULA PUBLIC FINANCING AUTHORITY DECLARING ITS

INTENTION TO INCUR BONDED INDEBTEDNESS OF THE

PROPOSED TEMECULA PUBLIC FINANCING AUTHORITY
COMMUNITY FACILITIES DISTRICT NO. 25-01 (ELDERBERRY
PARK)

TPFA EXECUTIVE DIRECTOR REPORT

TPFA BOARD OF DIRECTORS REPORTS

TPFA ADJOURNMENT
At 3:37 PM, the Temecula Public Financing Authority meeting was formally adjourned to Tuesday, September 23, 2025 at 2:00 PM, for a Closed Session, with regular session commencing at 3:00 PM, City Council Chambers, 41000 Main Street, Temecula, California.

Brenden Kalfus, Chair
ATTEST:

Randi Johl, Secretary
[SEAL]

Item No. 14

TEMECULA PUBLIC FINANCING AUTHORITY/CITY COUNCIL

AGENDA REPORT
TO: Executive Director/Board of Directors
City Manager/City Council Members
FROM: Aaron Adams, Authority Executive Director/City Manager DATE: September 23, 2025
SUBJECT: Approve Issuance of Special Tax Bonds for Temecula Public Financing Authority Community Facilities District No. 23-02 (Prado)
PREPARED BY: Jennifer Hennessy, City Director of Finance/Authority Treasurer RECOMMENDATION: That the City Council hold a public hearing adopt resolutions entitled:

RESOLUTION NO.

A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF

TEMECULA MAKING FINDINGS WITH RESPECT TO AND

APPROVING THE ISSUANCE OF BONDS BY THE

TEMECULA PUBLIC FINANCING AUTHORITY
RESOLUTION NO. TPFA

A RESOLUTION OF THE BOARD OF DIRECTORS OF THE

TEMECULA PUBLIC FINANCING AUTHORITY

AUTHORIZING THE ISSUANCE OF SPECIAL TAX BONDS
FOR COMMUNITY FACILITIES DISTRICT NO. 23-02
(PRADO), AND APPROVING OTHER RELATED

DOCUMENTS AND ACTIONS
BACKGROUND: In 2024, the Temecula Public Financing Authority (the "Authority") Community Facilities District No. 23-02 (Prado) (the "CFD") was formed by the Authority to finance various public improvements described in the proceedings for the formation of the CFD.

The Authority has now received a request from Meritage Homes of California, Inc. (the "Developer") to issue special tax bonds for the CFD (the "2025 Bonds"), payable from a Special Tax A levied on property in the CFD in order to provide funds to finance costs of improvements authorized to be financed by the CFD.

In December of 2023, the Developer submitted to City of Temecula (the "City") a check in the amount of $130,000 (the "Deposit"), to be used by the City to pay costs of the City and the

Authority in connection with the formation of the CFD and the issuance of the 2025 Bonds.

Pursuant to a Deposit/Reimbursement Agreement (the "Agreement"), entered into in December of 2023 by the Developer, the City and the Authority, funds advanced by the Developer for CFD costs, including the Deposit, will be reimbursed to the Developer from proceeds of the issuance of the 2025 Bonds.

The 2025 Bonds are proposed to be issued pursuant to a Fiscal Agent Agreement setting forth the various terms and provisions for the 2025 Bonds. The 2025 Bonds are expected to be offered to investors for sale pursuant to a Preliminary Official Statement, and are expected to be sold to Stifel, Nicolaus & Company, Incorporated, the underwriter for the 2025 Bonds (the "Underwriter"), pursuant to a Bond Purchase Agreement, subject to parameters set forth in the Authority Resolution authorizing the issuance of the 2025 Bonds, the title of which is set forth above. Those parameters allow for the issuance of up to $20,000,000 of 2025 Bonds for the CFD. The Authority will enter into a Continuing Disclosure Agreement for the 2025 Bonds, which will require that the Authority provide certain ongoing information for the CFD on annual basis until the 2025 Bonds have been paid in full. City Staff and consultants have reviewed the documents described above and they are now in form ready for approval by the Board of Directors so that the sale and issuance of the 2025 Bonds can occur. Further descriptions of the bond documents to be approved tonight are as follows:

Fiscal Agent Agreement. Agreement between the Authority and Fiscal Agent that includes the terms of the 2025 Bonds, provides for the funds and accounts to be held by the Fiscal Agent, the bond payment and redemption provisions and the certain covenants of the Authority.

Preliminary Official Statement. The Preliminary Official Statement is the "offering document" for the 2025 Bonds, required to be made available to investors pursuant to federal securities laws. It must include all information that would be material to a prospective investor's decision whether to purchase the 2025 Bonds. While the various members of the financing team have contributed to the preparation of the Preliminary Official Statement, the Authority is ultimately responsible for ensuring that the Preliminary Official Statement is accurate, contains no misleading information and does not omit any information necessary to make the Preliminary Official Statement not misleading to investors.

Bond Purchase Agreement. Agreement between the Authority and Underwriter whereby the Authority agrees to sell the 2025 Bonds to the Underwriter and the Underwriter agrees to buy the 2025 Bonds from the Authority and sell them to the public.

Continuing Disclosure Agreement. Specifies the Authority's obligation to provide annual disclosure to the municipal bond market related to the 2025 Bonds by preparing and filing annual disclosure reports and provides for the Authority to give notices of certain material events related to the CFD and the 2025 Bonds, if they occur.

Section 6586.5 of the California Government Code requires that the City, following the conduct of a public hearing, approve the financing of public improvements with proceeds of the 2025 Bonds, and make a finding of significant benefit from such financing. A notice of the public hearing for the 2025 Bonds has been duly published in accordance with the requirements of the Government Code.

At the time of the formation of the CFD, the Authority and the City entered into a Joint Community Facilities Agreement relating to improvements and services to be funded by the CFD, but to be owned and provided by the City, and the Authority and the Developer entered into an Acquisition Agreement (the "Acquisition Agreement") pursuant to which the Developer has agreed to construct some of the improvements authorized to be funded by the CFD; and the Authority now desires to enter into amendments to the Acquisition Agreement.

If the City Council holds the public hearing and adopts the City Resolution, and the Board of Directors adopts the Resolution authorizing the issuance of the 2025 Bonds, it is anticipated that the sale of the 2025 Bonds will occur early October 2025 and close late October 2025.

SPECIFIC ACTIONS: The City Council to hold the public hearing and the City Council and Board of Directors to consider the adoption of their respective Resolutions.

FISCAL IMPACT: None. The 2025 Bonds will not be obligations of the City, or general obligations of the Authority, but will be limited obligations of the Authority for the CFD payable solely from special taxes levied on land in the CFD and amounts held under the Fiscal Agent Agreement for the 2025 Bonds.

ATTACHMENTS: 1. City Council Resolution — Issuance of Bonds

2. TPFA Resolution- Issuance of Special Tax Bonds

3. Fiscal Agent Agreement

4. Preliminary Official Statement (including Continuing Disclosure Agreements as Appendix E and Appendix F)

5. Bond Purchase Agreement

6. First Amendment to Acquisition Agreement

RESOLUTION NO.2025-

A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF

TEMECULA MAKING FINDINGS WITH RESPECT TO

AND APPROVING THE ISSUANCE OF BONDS BY THE

TEMECULA PUBLIC FINANCING AUTHORITY

THE CITY COUNCIL OF THE CITY OF TEMECULA DOES HEREBY RESOLVE AS FOLLOWS:

Section 1. The City of Temecula (the "City"), the Temecula Community Services District and the Temecula Housing Authority are parties to a Joint Exercise of Powers Agreement which established the Temecula Public Financing Authority (the "Authority") for the purpose, among others, of issuing bonds to finance public capital improvements.

Section 2. The Board of Directors of the Authority has formed the Temecula Public Financing Authority Community Facilities District No. 23-02 (Prado) (the "CFD"), and the Authority intends to issue bonds of the Authority for the CFD (the "Bonds") to finance various public improvements (the "Improvements").

Section 3. The City Council has on this date held a duly noticed public hearing with respect to the financing of the Improvements with the proceeds of the Bonds, as required by Section 6586.5(a) of the California Government Code.

Section 4. The City Council hereby finds that significant public benefits will arise from the financing of the Improvements with the proceeds of the Bonds, in accordance with Section 6586 of the California Government Code.

Section 5. The City Council hereby approves the financing of the Improvements with the proceeds of the Bonds, and the issuance of the Bonds by the Authority for the CFD.

Section 6. This Resolution shall take effect upon adoption.

PASSED, APPROVED, AND ADOPTED by the City Council of the City of Temecula this 23rd day of September, 2025.

Brenden Kalfus, Mayor
ATTEST:

Randi Johl, City Clerk
[SEAL]

STATE OF CALIFORNIA )
COUNTY OF RIVERSIDE ) ss

AYES: COUNCIL MEMBERS:

NOES: COUNCIL MEMBERS:

ABSTAIN: COUNCIL MEMBERS:

ABSENT: COUNCIL MEMBERS:

Randi Johl, City Clerk

RESOLUTION NO. TPFA 2025-

A RESOLUTION OF THE BOARD OF DIRECTORS OF THE

TEMECULA PUBLIC FINANCING AUTHORITY

AUTHORIZING THE ISSUANCE OF SPECIAL TAX BONDS
FOR COMMUNITY FACILITIES DISTRICT NO. 23-02
(PRADO), AND APPROVING OTHER RELATED

DOCUMENTS AND ACTIONS

THE BOARD OF DIRECTORS OF THE TEMECULA PUBLIC FINANCING AUTHORITY DOES HEREBY RESOLVE AS FOLLOWS:

Section 1. This Board of Directors has conducted proceedings under and pursuant to the Mello -Roos Community Facilities Act of 1982 (the "Law"), to form the Temecula Public Financing Authority Community Facilities District No. 23-02 (Prado) (the "District"), to authorize the levy of special taxes upon the land within the District, and to issue bonds secured by the special taxes, the proceeds of which are to be used to finance certain public improvements (the "Facilities"), all as described in the Resolutions entitled "A Resolution of the Board of Directors of the Temecula Public Financing Authority of Formation of Temecula Public Financing Authority Community Facilities District No. 23-02 (Prado), Authorizing the Levy of a Special Tax Within the District, and Preliminarily Establishing an Appropriations Limit for the District" (the "Resolution of Formation") and "A Resolution of the Board of Directors of the Temecula Public Financing Authority Determining the Necessity to Incur Bonded Indebtedness Within Temecula Public Financing Authority Community Facilities District No. 23-02 (Prado)," which Resolutions were adopted by this Board of Directors on February 27, 2024.

Section 2. Pursuant to the Resolutions described in Section 1, an election was held within the District on February 27, 2024 and the then qualified elector of the District approved the propositions of the incurrence of the bonded debt, the establishment of the appropriations limit and the levy of the special tax by more than two-thirds of the votes cast at said special election.

Section 3. At the time of the formation of the District, the Authority and Meritage Homes of California, Inc. ("Meritage") entered into an Acquisition Agreement, dated as of January 23, 2024 (the "Acquisition Agreement") pursuant to which Meritage has agreed to construct some of the improvements authorized to be funded by the District; and the Authority now desires to enter into an amendment to the Acquisition Agreement.

Section 4. There has been submitted to this Board of Directors for its approval an amendment to the Acquisition Agreement (the "First Amendment to Acquisition Agreement"), a Fiscal Agent Agreement (the "Fiscal Agent Agreement") providing for the issuance of the Bonds (as defined in Section 8 below) and the use of the proceeds of the Bonds to finance the Facilities, as well as a Preliminary Official Statement (the "Preliminary Official Statement") describing the Bonds, a bond purchase agreement to be used in connection with the sale of the Bonds (the "Purchase Contract") and a Continuing Disclosure Agreement relating to the Bonds (the "Continuing Disclosure Agreement"), and this Board of Directors, with the aid of City of Temecula staff, has reviewed said documents and found them to be in proper order.

Section 5. On April 24, 2001, the Board of Directors adopted Resolution No. TPFA 01-02 approving local goals and policies for community facilities districts (the "Goals and Policies") and the proposed Bonds are consistent with the Goals and Policies.

Section 6. Pursuant to Section 5852.1 of the California Government Code, certain information relating to the Bonds is set forth in Exhibit A attached to this Resolution, and such information is hereby disclosed and made public.

Section 7. Following the adoption of this Resolution, all conditions, things and acts required to exist, to have happened and to have been performed precedent to the issuance of the Bonds and the levy of said special taxes as contemplated by this Resolution and the documents referred to herein exist, have happened and have been performed in due time, form and manner as required by the laws of the State of California, including the Law.

Section 8. Pursuant to the Law, this Resolution and the Fiscal Agent Agreement, special tax bonds of the Temecula Public Financing Authority (the "Authority") for the District in an aggregate principal amount not to exceed $20,000,000 are hereby authorized to be issued, such bonds to be designated the "Temecula Public Financing Authority Community Facilities District No. 23-02 (Prado) 2025 Special Tax Bonds" (the "Bonds"). The Bonds shall be executed in the form set forth in and otherwise as provided in the Fiscal Agent Agreement.

The Board of Directors hereby finds and determines that (a) the Bonds satisfy the requirements of Section 53345.8(a) of the Law in that the appraised value of the real property in the District is more than three times the principal amount of the Bonds, based upon the appraised value of the real property in the District as determined by Integra Realty Resources in its appraisal of the property in the District subject to the levy of the special taxes for the District; (b) the Bonds, when issued, will be in compliance with the applicable requirements of the Goals and Policies; and (c) the District and the Bonds are consistent with the requirements set forth in Section VIII E. of the City of Temecula's Budget and Fiscal Policies as contained in the City's Fiscal Year 2025- 26 Annual Operating Budget. The Board of Directors further finds that the sale of the Bonds at negotiated sale as contemplated by the Purchase Contract will result in a lower overall cost.

Section 9. The Fiscal Agent Agreement with respect to the Bonds, in the form presented to the Board of Directors at this meeting, is hereby approved. The Executive Director, the Assistant Executive Director and the Treasurer (each, a "Designated Officer"), each acting alone, are hereby authorized to execute and deliver the Fiscal Agent Agreement in said form, with such additions thereto or changes therein as are approved by a Designated Officer upon consultation with the Authority's General Counsel and Bond Counsel, the approval of such additions or changes to be conclusively evidenced by the execution and delivery of the Fiscal Agent Agreement by a Designated Officer. The Secretary is hereby authorized to countersign the Fiscal Agent Agreement. The date, manner of payment, interest rate or rates, interest payment dates, denominations, form, registration privileges, manner of execution, place of payment, terms of redemption and other terms of the Bonds shall be as provided in the Fiscal Agent Agreement as finally executed.

Section 10. The Purchase Contract between the Authority and Stifel, Nicolaus & Company, Incorporated (the "Underwriter"), in the form presented to the Board of Directors at N

this meeting, is hereby approved. The Designated Officers, each acting alone, are hereby authorized to accept the offer of the Underwriter to purchase the Bonds contained in the Purchase Contract; provided that the aggregate principal amount of the Bonds sold thereby is not in excess of $20,000,000, the true interest cost of the Bonds is not in excess of 6.50% and the Underwriter's discount is not in excess of 1.50% of the aggregate principal amount of the Bonds. The Designated Officers, each acting alone, are hereby authorized to execute and deliver the Purchase Contract in said form (if the requirements of the preceding sentence are satisfied), with such additions thereto or changes therein as are recommended or approved by a Designated Officer upon consultation with the Authority's General Counsel and Bond Counsel, the approval of such additions or changes to be conclusively evidenced by the execution and delivery of the Purchase Contract by a Designated Officer. The Secretary does not need to countersign the Purchase Contract.

Section 11. The Preliminary Official Statement, in the form presented to the Board of Directors at this meeting, is hereby approved. The Designated Officers are hereby authorized, for and in the name and on behalf of the Authority, to make changes to the Preliminary Official Statement prior to its dissemination to prospective investors, and to bring the Preliminary Official Statement into the form of a final official statement (the "Official Statement") including such additions thereto or changes therein as are recommended or approved by any such officer upon consultation with Authority's General Counsel and Disclosure Counsel. The Executive Director is hereby authorized and directed to execute and deliver the Official Statement. The Underwriter is hereby authorized to distribute copies of the Preliminary Official Statement to persons who may be interested in the purchase of the Bonds and is directed to deliver copies of the Official Statement to all actual purchasers of the Bonds.

The Designated Officers, each acting alone, are hereby authorized to execute a certificate or certificates to the effect that the Official Statement and the Preliminary Official Statement were deemed "final" as of their respective dates for purposes of Rule 15c2-12 of the Securities Exchange Act of 1934, and each Designated Officer is authorized to so deem such statements final.

Section 12. The Continuing Disclosure Agreement related to the Bonds, in the form appended as Appendix E to the Preliminary Official Statement, is hereby approved. The Designated Officers, each acting alone, are hereby authorized, for and in the name of and on behalf of the Authority, to execute and deliver the Continuing Disclosure Agreement in said form, with such additions thereto or changes therein as are deemed necessary, desirable or appropriate by a Designated Officer upon consultation with the Authority's General Counsel and Disclosure Counsel, the approval of such changes to be conclusively evidenced by the execution and delivery by a Designated Officer of the Continuing Disclosure Agreement. The Secretary does not need to countersign the Continuing Disclosure Agreement.

Section 13. The Authority hereby covenants, for the benefit of the Bondowners, to commence and diligently pursue to completion any foreclosure action regarding delinquent installments of any amount levied as a special tax for the payment of interest or principal of the Bonds, said foreclosure action to be commenced and pursued as more completely set forth in the Fiscal Agent Agreement.

Section 14. The Bonds, when executed, shall be delivered to the Fiscal Agent (as defined in the Fiscal Agent Agreement) for authentication. The Fiscal Agent is hereby requested 3 and directed to authenticate the Bonds by executing the Fiscal Agent's certificate of authentication and registration appearing thereon, and to deliver the Bonds, when duly executed and authenticated, to the Underwriter in accordance with written instructions executed on behalf of the Authority by a Designated Officer, which instructions each Designated Officer acting alone is hereby authorized, for and in the name and on behalf of the Authority, to execute and deliver to the Fiscal Agent. Such instructions shall provide for the delivery of the Bonds to the Underwriter upon payment of the purchase price therefor.

Section 15. The First Amendment to Acquisition Agreement between the Authority and Meritage, in the form presented to the Board of Directors at this meeting, is hereby approved. The Designated Officers, each acting alone, are hereby authorized to execute and deliver the First Amendment to Acquisition Agreement in said form, with such additions thereto or changes therein as are approved by a Designated Officer upon consultation with the Authority's General Counsel and Bond Counsel, the approval of such additions or changes to be conclusively evidenced by the execution and delivery of the document by a Designated Officer.

Section 16. The firm of Webb Municipal Finance, LLC is hereby designated as special tax consultant to the Authority for the Bonds, the firm of Fieldman, Rolapp & Associates, Inc. is hereby confirmed as Municipal Advisor to the Authority for the Bonds, and the law firm of Stradling Yocca Carlson & Rauth LLP is hereby confirmed as Bond Counsel and Disclosure Counsel to the Authority for the Bonds. The Executive Director is hereby authorized to execute an agreement with Webb Municipal Finance, LLC, and an addendum to the Master Engagement Letter, dated June 13, 2024, with Stradling Yocca Carlson & Rauth LLP, in each case for their services in connection with the Bonds, each in a form acceptable to the Authority's General Counsel.

Section 17. All actions heretofore taken by the officers and agents of the Authority with respect to the establishment of the District and the sale and issuance of the Bonds are hereby approved, confirmed and ratified, and the proper officers of the Authority (including the Designated Officers and the Secretary) are hereby authorized and directed to do any and all things and take any and all actions and execute any and all certificates, agreements and other documents, which they, or any of them, may deem necessary or advisable in order to consummate the lawful issuance and delivery of the Bonds in accordance with this Resolution, and any certificate, agreement, and other document described in the documents herein approved. Whenever in this Resolution any officer of the Authority is authorized to execute or countersign any document or take any action, such execution, countersigning or action may be taken on behalf of such officer by any person designated by such officer to act on his or her behalf in the case such officer shall be absent or unavailable.
4 Section 18. This Resolution shall take effect upon its adoption.

PASSED, APPROVED, AND ADOPTED by the Board of Directors of the Temecula Public Financing Authority this 23rd day of September, 2025.

Brenden Kalfus, Chair
ATTEST:

Randi Johl, Secretary
[SEAL]

STATE OF CALIFORNIA )
COUNTY OF RIVERSIDE ) ss

CITY OF TEMECULA )
I, Randi Johl, Secretary of the Temecula Public Financing Authority, do hereby certify that the foregoing Resolution No. TPFA 2025- was duly and regularly adopted by the Board of Directors of the Temecula Public Financing Authority at a meeting thereof held on the 23rd day of September, 2025, by the following vote:

AYES: BOARD MEMBERS:

NOES: BOARD MEMBERS:

ABSTAIN: BOARD MEMBERS:

ABSENT: BOARD MEMBERS:

Randi Johl, Secretary

EXHIBIT A
GOVERNMENT CODE SECTION 5852.1 DISCLOSURE
The following information consists of estimates that have been provided by Fieldman, Rolapp & Associates, Inc., the Authority's Municipal Advisor, which have been represented to have been provided in good faith:
(A) True Interest Cost of the Bonds: 5.34%
(B) Finance Charges: $603,000
(C) Net Proceeds to be Received: $13,015,539 (net of Finance Charges, reserves or capitalized interest)
(D) Total Payment Amount through Maturity (sum of all Bond debt service): $34,906,739 The foregoing estimates constitute good faith estimates only and are based on market conditions prevailing at the time of preparation of such estimates on August 14, 2025.

The principal amount of the Bonds, the true interest cost of the Bonds, the finance charges thereof, the amount of proceeds received therefrom and total payment amount with respect thereto may differ from such good faith estimates due to (a) the actual date of the sale of the Bonds being different than the date used for purposes of such estimates, (b) the actual principal amount of Bonds sold being different from the estimated amount used for purposes of such estimates, (c) the actual principal amortization of the Bonds being different than the amortization assumed for purposes of such estimates, (d) the actual market interest rates on the Bonds at the time of sale of the Bonds being different than those estimated for purposes of such estimates, (e) other market conditions, or (f) alterations in the Authority's financing plan, or a combination of such factors. The actual date of sale of the Bonds and the actual principal amount of the Bonds sold will be determined based on the timing of the need for proceeds of the Bonds and other factors. The actual interest rates on the Bonds will depend on market interest rates at the time of sale thereof. The actual amortization of the principal of the Bonds will also depend, in part, on market interest rates at the time of sale thereof. Market interest rates are affected by economic and other factors beyond the control of the Authority.

A-1
4919-1337-2497v7/201033-0003

Stradling Draft of 9110125

FISCAL AGENT AGREEMENT
by and between the

TEMECULA PUBLIC FINANCING AUTHORITY
and
U.S. BANK TRUST COMPANY, NATIONAL ASSOCIATION,
as Fiscal Agent
dated as of October 1, 2025
relating to:

Temecula Public Financing Authority
Community Facilities District No. 23-02
(Prado)
2025 Special Tax Bonds
4897-1327-624 1 v7/20103 3 -0003

TABLE OF CONTENTS
Page

ARTICLE I

STATUTORY AUTHORITY AND DEFINITIONS
Section 1.01.

Authority for this Agreement............................................................................... 2 Section 1.02.

Agreement for Benefit of Owners of the Bonds .................................................. 2 Section1.03.

Definitions............................................................................................................2

ARTICLE II

THE BONDS
Section 2.01.

Principal Amount; Designation..........................................................................10 Section 2.02.

Terms of the 2025 Bonds...................................................................................11 Section2.03.

Redemption........................................................................................................13 Section2.04.

Form of Bonds...................................................................................................16 Section 2.05.

Execution of Bonds............................................................................................16 Section 2.06.

Transfer of Bonds..............................................................................................17 Section 2.07.

Exchange of Bonds............................................................................................17 Section 2.08.

Bond Register.....................................................................................................17 Section 2.09.

Temporary Bonds...............................................................................................18 Section 2.10.

Bonds Mutilated, Lost, Destroyed or Stolen......................................................18 Section 2.11.

Limited Obligation.............................................................................................18 Section 2.12.

No Acceleration.................................................................................................18 Section 2.13.

Book -Entry System............................................................................................19 Section 2.14.

Issuance of Parity Bonds.................................................................................... 20 ARTICLE III
ISSUANCE OF 2025 BONDS
Section 3.01.

Issuance and Delivery of 2025 Bonds................................................................ 21 Section 3.02.

Pledge of Special Tax Revenues........................................................................21 Section 3.03.

Validity of Bonds............................................................................................... 22 ARTICLE IV

FUNDS AND ACCOUNTS
Section 4.01.

Application of Proceeds of Sale of 2025 Bonds and Other Moneys ................. 22 Section 4.02.

Improvement Fund............................................................................................. 22 Section 4.03.

Costs of Issuance Fund...................................................................................... 24 Section4.04.

Reserve Fund..................................................................................................... 25 Section4.05.

Bond Fund.......................................................................................................... 26 Section4.06.

Special Tax Fund............................................................................................... 28 Section 4.07.

Administrative Expense Fund............................................................................29 Section4.08.

Rebate Fund....................................................................................................... 30 ARTICLE V

OTHER COVENANTS OF THE AUTHORITY
Section5.01.

Punctual Payment............................................................................................... 32 Section 5.02.

Limited Obligation............................................................................................. 32 Section 5.03.

Extension of Time for Payment......................................................................... 32 Section 5.04.

Against Encumbrances....................................................................................... 32 Section 5.05.

Books and Records............................................................................................ 32 1
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TABLE OF CONTENTS
(Continued)
Page
Section 5.06.

Protection of Security and Rights of Owners ..................................................... 32 Section 5.07.

Compliance with Act......................................................................................... 32 Section 5.08.

Collection of Special Tax Revenues.................................................................. 33 Section 5.09.

Covenant to Foreclose........................................................................................ 33 Section 5.10.

Further Assurances............................................................................................. 34 Section 5.11.

Continuing Disclosure to Owners...................................................................... 34 Section 5.12.

Federal Tax Covenants...................................................................................... 34 Section 5.13.

Reduction of Special Taxes................................................................................ 35 Section 5.14.

Limits on Special Tax Waivers and Bond Tenders ............................................ 36 Section 5.15.

No Additional Bonds......................................................................................... 36 Section 5.16.

Authority Bid at Foreclosure Sale...................................................................... 36 ARTICLE VI

INVESTMENTS, DISPOSITION OF INVESTMENT PROCEEDS, LIABILITY OF THE

AUTHORITY
Section 6.01.

Deposit and Investment of Moneys in Funds ..................................................... 36 Section 6.02.

Limited Obligation............................................................................................. 37 Section 6.03.

Liability of Authority......................................................................................... 37 Section 6.04.

Employment of Agents by Authority................................................................. 38 ARTICLE VII

THE FISCAL AGENT
Section 7.01.

Appointment of Fiscal Agent............................................................................. 38 Section 7.02.

Liability of Fiscal Agent.................................................................................... 39 Section7.03.

Information........................................................................................................ 41 Section 7.04.

Notice to Fiscal Agent....................................................................................... 42 Section 7.05.

Compensation, Indemnification......................................................................... 42 ARTICLE VIII

MODIFICATION OR AMENDMENT OF THIS AGREEMENT
Section 8.01.

Amendments Permitted......................................................................................42 Section 8.02.

Owners' Meetings.............................................................................................. 43 Section 8.03.

Procedure for Amendment with Written Consent of Owners ............................ 43 Section 8.04.

Disqualified Bonds............................................................................................. 44 Section 8.05.

Effect of Supplemental Agreement.................................................................... 44 Section 8.06.

Endorsement or Replacement of Bonds Issued After Amendments .................. 44 Section 8.07.

Amendatory Endorsement of Bonds.................................................................. 45 ARTICLE IX

MISCELLANEOUS
Section 9.01.

Benefits of Agreement Limited to Parties.......................................................... 45 Section 9.02.

Successor is Deemed Included in All References to Predecessor ...................... 45 Section 9.03.

Discharge of Agreement.................................................................................... 45 Section 9.04.

Execution of Documents and Proof of Ownership by Owners .......................... 46 Section 9.05.

Waiver of Personal Liability.............................................................................. 46 Section 9.06.

Notices to and Demands on Authority and Fiscal Agent ................................... 46 Section 9.07.

State Reporting Requirements........................................................................... 47 ii
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TABLE OF CONTENTS
(Continued)
Page
Section 9.08.

Partial Invalidity................................................................................................. 48 Section 9.09.

Unclaimed Moneys............................................................................................ 48 Section9.10.

Applicable Law..................................................................................................48 Section 9.11.

Conflict with Act................................................................................................ 48 Section 9.12.

Conclusive Evidence of Regularity.................................................................... 48 Section 9.13.

Payment on Business Day.................................................................................. 48 Section9.14.

Counterparts.......................................................................................................49 Section 9.15.

Electronic Transactions......................................................................................49 EXHIBIT A — FORM OF 2025 BOND
4897-1327-624 1 v7/20103 3 -0003

FISCAL AGENT AGREEMENT
Temecula Public Financing Authority
Community Facilities District No. 23-02
(Prado)
2025 Special Tax Bonds
THIS FISCAL AGENT AGREEMENT (the "Agreement"), dated as of October 1, 2025, is by and between the Temecula Public Financing Authority, a joint exercise of powers authority organized and existing under and by virtue of the laws of the State of California (the "Authority") for and on behalf of the Temecula Public Financing Authority Community Facilities District No. 23-02 (Prado) (the "District"), and U.S. Bank Trust Company, National Association, a national banking association duly organized and existing under the laws of the United States of America, as fiscal agent (the "Fiscal Agent").

RECITALS:

WHEREAS, the Board of Directors of the Authority has formed the District under the provisions of the Mello -Roos Community Facilities Act of 1982, as amended (Section 53311, et seq. of the California Government Code) (the "Act") and Resolution No. TPFA 2024-06 of the Board of Directors of the Authority adopted on February 27, 2024 (the "Resolution of Formation"); WHEREAS, the Board of Directors of the Authority, as the legislative body for the District, is authorized under the Act to levy special taxes to pay for the costs of the District and to authorize the issuance of bonds secured by said special taxes under the Act; WHEREAS, under the provisions of the Act, on September 23, 2025 the Board of Directors of the Authority adopted its Resolution No. TPFA 2025-_ (the "Resolution"), which resolution authorized the issuance and sale of the Temecula Public Financing Authority Community Facilities District No. 23-02 (Prado) 2025 Special Tax Bonds (the "2025 Bonds") and authorized the execution of this Agreement;
WHEREAS, it is in the public interest and for the benefit of the Authority, the District, the persons responsible for the payment of special taxes to be levied in the District and the owners of the 2025 Bonds that the Authority enter into this Agreement to provide for the issuance of the 2025 Bonds, the disbursement of proceeds of the 2025 Bonds, the disposition of the special taxes securing the 2025 Bonds and the administration and payment of the 2025 Bonds; and WHEREAS, the Authority has determined that all things necessary to cause the 2025 Bonds, when executed by the Authority for and on behalf of the District and issued as in the Act, the Resolution and this Agreement provided, to be legal, valid and binding and special obligations of the Authority for and on behalf of the District in accordance with their terms, and all things necessary to cause the creation, authorization, execution and delivery of this Agreement and the creation, authorization, execution and issuance of the 2025 Bonds, subject to the terms hereof, have in all respects been duly authorized.
4897-1327-624 1 v7/20103 3 -0003

AGREEMENT:

NOW, THEREFORE, in consideration of the covenants and provisions herein set forth and for other valuable consideration the receipt and sufficiency of which is hereby acknowledged, the parties hereto do hereby agree as follows:

ARTICLE I

STATUTORY AUTHORITY AND DEFINITIONS
Section 1.01. Authority for this Agreement. This Agreement is entered into pursuant to the provisions of the Act and the Resolution.

Section 1.02. Agreement for Benefit of Owners of the Bonds. The provisions, covenants and agreements herein set forth to be performed by or on behalf of the Authority shall be for the equal benefit, protection and security of the Owners of the Bonds. All of the Bonds, without regard to the time or times of their issuance or maturity, shall be of equal rank without preference, priority or distinction of any of the Bonds over any other thereof, except as expressly provided in or permitted by this Agreement. Any action by any Owner to enforce the provisions of this Agreement shall be for the equal benefit and protection of all Owners of the Bonds.

The Fiscal Agent may become the Owner of any of the Bonds in its own or any other capacity with the same rights it would have if it were not Fiscal Agent.

Section 1.03. Definitions. Unless the context otherwise requires, the terms defined in this Section 1.03 shall, for all purposes of this Agreement, of any Supplemental Agreement, and of any certificate, opinion or other document herein mentioned, have the meanings herein specified. All references herein to "Articles," "Sections" and other subdivisions are to the corresponding Articles, Sections or subdivisions of this Agreement, and the words "herein," "hereof .. "hereunder" and other words of similar import refer to this Agreement as a whole and not to any particular Article, Section or subdivision hereof.
"Acquisition Account" means the account by that name established by Section 4.02(A) within the Improvement Fund.
"Acquisition Agreement" means the Acquisition Agreement, dated as of January 23, 2024, between the Authority and the Developer, as amended by the First Amendment to Acquisition Agreement, dated as of October 1, 2025, between the Authority and the Developer, and as it may be further amended from time to time in accordance with its terms. "Act" means the Mello -Roos Community Facilities Act of 1982, as amended, being Sections 53311 et seq. of the California Government Code. "Administrative Expenses" means costs directly related to the administration of the District consisting of the costs of computing the Special Taxes and preparing the annual Special Tax collection schedules (whether by the Treasurer or designee thereof or both) and the costs of collecting the Special Taxes (whether by the County or otherwise); the costs of remitting the Special Taxes to the Fiscal Agent; fees and costs of the Fiscal Agent (including its legal counsel) in the discharge of the duties required of it under this Agreement; the costs of the Authority, the City or any designee of either the Authority or the City of complying with the disclosure provisions of the Act, the Continuing Disclosure 2 4897-1327-624 1 v7/20103 3 -0003

Agreement and this Agreement, including those related to public inquiries regarding the Special Tax and disclosures to Bondowners and the Original Purchaser; the costs of the Authority, the City or any designee of either the Authority or the City related to an appeal of the Special Tax; any amounts required to be rebated to the federal government in order for the Authority to comply with Section 4.08; an allocable share of the salaries of the City staff directly related to the foregoing and a proportionate amount of City general administrative overhead related thereto. Administrative Expenses shall also include amounts advanced by the Authority or the City for any administrative purpose of the District, including costs related to prepayments of Special Taxes, recordings related to such prepayments and satisfaction of Special Taxes, amounts advanced to ensure compliance with Section 4.08, administrative costs related to the administration of any joint community facilities agreement regarding the District, and the costs of commencing and pursuing foreclosure of delinquent Special Taxes.

Administrative Expenses shall include any such expenses incurred in prior years but not yet paid. "Administrative Expense Fund" means the fund by that name established by Section 4.07(A) hereof.
"Agreement" means this Fiscal Agent Agreement, as it may be amended or supplemented from time to time by any Supplemental Agreement adopted pursuant to the provisions hereof. "Annual Debt Service" means, for each Bond Year, the sum of (i) the interest due on the Outstanding Bonds in such Bond Year, assuming that the Outstanding Bonds are retired as scheduled (including by reason of the provisions of Section 2.03(A)(ii) providing for mandatory sinking payments), and (ii) the principal amount of the Outstanding Bonds due in such Bond Year (including any mandatory sinking payment due in such Bond Year pursuant to Section 2.03(A)(ii)). "Auditor" means the auditor/controller of the County, or such other official at the County who is responsible for preparing property tax bills.
"Authority" means the Temecula Public Financing Authority and any successor thereto. "Authority Attorney" means any attorney or firm of attorneys employed by the Authority or the City in the capacity of general counsel to the Authority. "Authorized Denominations" means $5,000 and integral multiples thereof. "Authorized Officer" means the Chair, Executive Director, Treasurer or Secretary of the Authority, or any other officer or employee of the Authority or the City authorized by the Board of Directors of the Authority or by an Authorized Officer to undertake the action referenced in this Agreement as required to be undertaken by an Authorized Officer. "Beneficial Owner" has the meaning given to such term in Section 2.13 hereof. "Bond Counsel" means any other attorney or firm of attorneys acceptable to the Authority and nationally recognized for expertise in rendering opinions as to the legality and tax-exempt status of securities issued by public entities.
"Bond Fund" means the fund by that name established by Section 4.05(A) hereof. "Bond Register" means the books for the registration and transfer of Bonds maintained by the Fiscal Agent under Section 2.08 hereof.
4897-1327-624 1 v7/20103 3 -0003

"Bond Year" means the one-year period beginning on September 2nd in each year and ending on September 1 st in the following year, except that the first Bond Year shall begin on the Closing Date and end on September 1, 2026.
"Bonds" means the 2025 Bonds, and, if the context requires, any Parity Bonds, at any time Outstanding under this Agreement or any Supplemental Agreement. "Business Day" means any day other than (i) a Saturday or a Sunday, or (ii) a day on which banking institutions in the state in which the Fiscal Agent has its principal corporate trust office are authorized or obligated by law or executive order to be closed. "CDIAC" means the California Debt and Investment Advisory Commission of the office of the State Treasurer of the State of California or any successor agency or bureau thereto. "Capitalized Interest Account" means the account by that name established within the Bond Fund by Section 4.05(A) hereof.
"City" means the City of Temecula, California.
"City Account" means the account by that name established by Section 4.02(A) within the Improvement Fund.
"Closing Date" means October _, 2025, being the date upon which there is a physical delivery of the 2025 Bonds in exchange for the amount representing the purchase price of the 2025 Bonds by the Original Purchaser.
"Code" means the Internal Revenue Code of 1986 as in effect on the date of issuance of the 2025 Bonds or (except as otherwise referenced herein) as it may be amended to apply to obligations issued on the date of issuance of the 2025 Bonds, together with applicable proposed, temporary and final regulations promulgated, and applicable official public guidance published, under the Code. "Continuing Disclosure Agreement" means that certain Continuing Disclosure Agreement pertaining to the 2025 Bonds, dated as of October 1, 2025, between the Authority and Webb Municipal Finance, LLC as dissemination agent, as originally executed and as it may be amended from time to time in accordance with the terms thereof.
"Costs of Issuance" means items of expense payable or reimbursable directly or indirectly by the Authority or the City and related to the authorization, sale and issuance of the 2025 Bonds, which items of expense shall include, but not be limited to, printing costs, costs of reproducing and binding documents, closing costs, filing and recording fees, initial fees and charges of the Fiscal Agent including its first annual administration fee, fees and expenses of Fiscal Agent's counsel, expenses incurred by the City or the Authority in connection with the issuance of the 2025 Bonds, special tax consultant fees and expenses, Bond (underwriter's) discount, legal fees and charges, including bond counsel and disclosure counsel, municipal advisor's fees, appraisal fees, charges for execution, transportation and safekeeping of the 2025 Bonds, and other costs, charges and fees in connection with the foregoing.
"Costs of Issuance Fund" means the fund by that name established by Section 4.03(A) hereof. "County" means the County of Riverside, California.
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"DTC" means The Depository Trust Company, New York, New York, and its successors and assigns.
"Debt Service" means the scheduled amount of interest and amortization of principal (including principal payable by reason of Section 2.03(A)(ii)) on the Bonds and the scheduled amount of interest and amortization of principal payable on any Parity Bonds during the period of computation, excluding amounts scheduled during such period which relate to principal which has been retired before the beginning of such period.
"Depository" means (i) initially, DTC, and (ii) any other Securities Depository acting as Depository pursuant to Section 2.13.
"Developer" means Meritage Homes of California, Inc.
"District" means the Temecula Public Financing Authority Community Facilities District No. 23-02 (Prado), formed by the Authority under the Act and the Resolution of Formation. "EMWD" means the Eastern Municipal Water District.
"EMWD Account" means the account by that name established by Section 4.02(A) within the Improvement Fund.
"Fair Market Value" means the price at which a willing buyer would purchase the investment from a willing seller in a bona fide, arm's length transaction (determined as of the date the contract to purchase or sell the investment becomes binding) if the investment is traded on an established securities market (within the meaning of section 1273 of the Code) and, otherwise, the term "Fair Market Value" means the acquisition price in a bona fide arm's length transaction (as referenced above) if (i) the investment is a certificate of deposit that is acquired in accordance with applicable regulations under the Code, (ii) the investment is an agreement with specifically negotiated withdrawal or reinvestment provisions and a specifically negotiated interest rate (for example, a guaranteed investment contract, a forward supply contract or other investment agreement) that is acquired in accordance with applicable regulations under the Code, (iii) the investment is a United States Treasury Security --State and Local Government Series that is acquired in accordance with applicable regulations of the United States Bureau of Public Debt, or (iv) the investment is the Local Agency Investment Fund of the State of California but only if at all times during which the investment is held its yield is reasonably expected to be equal to or greater than the yield on a reasonably comparable direct obligation of the United States.
"Federal Securities" means, subject to applicable law, United States Treasury notes, bonds, bills or certificates of indebtedness, including United States Treasury Obligations, State and Local Government Series ("SLGS") or other direct obligations issued by the United States Treasury for which the faith and credit of the United States are pledged for the payment of principal and interest; and obligations issued by banks for cooperatives, federal land banks, federal intermediate credit banks, federal home loan banks, the Federal Home Loan Bank Board, the Tennessee Valley Authority, or other federal agencies or United States Government -sponsored enterprises. "Fiscal Agent" means the Fiscal Agent appointed by the Authority and acting as an independent fiscal agent with the duties and powers herein provided, its successors and assigns, and any other 5 4897-1327-624 1 v7/20103 3 -0003

corporation or association which may at any time be substituted in its place, as provided in Section 7.01.
"Fiscal Year" means the twelve-month period extending from July 1 in a calendar year to June 30 of the succeeding year, both dates inclusive.
"Improvement Fund" means the fund by that name created by and held by the Fiscal Agent pursuant to Section 4.02(A) hereof.
"Independent Financial Consultant" means any consultant or firm of such consultants appointed by the Authority, the City or the Treasurer, and who, or each of whom: (i) is judged by the person or entity that approved them to have experience in matters relating to the issuance and/or administration of bonds under the Act; (ii) is in fact independent and not under the domination of the Authority; (iii) does not have any substantial interest, direct or indirect, with or in the Authority, or any owner of real property in the District, or any real property in the District; and (iv) is not connected with the City or the Authority as an officer or employee of the City or the Authority, but who may be regularly retained to make reports to the City or the Authority. "Information Services" means the Electronic Municipal Market Access System (referred to as "EMMA"), a facility of the Municipal Securities Rulemaking Board (at http://emma.msrb.org); and, in accordance with then current guidelines of the Securities and Exchange Commission, such other addresses and/or such services providing information with respect to called bonds as the Authority may designate in an Officer's Certificate delivered to the Fiscal Agent. "Interest Payment Dates" means March 1 and September 1 of each year, commencing [March 1, 20261.
"Joint Community Facilities Agreement — EMWD" means the Joint Community Facilities Agreement — EMWD, dated as of January 23, 2024, among the Authority, EMWD and the Developer, as it may be amended from time to time.
"Joint Community Facilities Agreement — School District" means the Joint Community Facilities Agreement — School District, dated as of January 23, 2024, among the Authority, the School District and the Developer, as it may be amended from time to time. "Maximum Annual Debt Service" means the largest Annual Debt Service for any Bond Year after the calculation is made through the final maturity date of any Outstanding Bonds. "Mood" means Moody's Investors Service, and any successor thereto. "Officer's Certificate" means a written certificate of the Authority signed by an Authorized Officer of the Authority.
"Ordinance" means any ordinance of the Authority levying the Special Taxes. "Original Purchaser" means Stifel, Nicolaus & Company, Incorporated, the first purchaser of the 2025 Bonds from the Authority.
"Outstanding," when used as of any particular time with reference to Bonds, means (subject to the provisions of Section 8.04) all Bonds except: (i) Bonds theretofore canceled by the Fiscal Agent or CI
4897-1327-624 1 v7/20103 3 -0003

surrendered to the Fiscal Agent for cancellation; (ii) Bonds paid or deemed to have been paid within the meaning of Section 9.03; and (iii) Bonds in lieu of or in substitution for which other Bonds shall have been authorized, executed, issued and delivered by the Authority pursuant to this Agreement or any Supplemental Agreement.
"Owner" or `Bondowner" means any person who is the registered owner of any particular Outstanding Bond.
"Parity Bonds" means bonds issued by the Authority for the District and secured on a parity with any then Outstanding Bonds pursuant to Section 2.14 hereof. "Participating Underwriter" shall have the meaning ascribed thereto in the Continuing Disclosure Agreement.
"Permitted Investments" means any of the following, but only to the extent that the same are acquired at Fair Market Value:
(a) Federal Securities.
(b) Registered state warrants or treasury notes or bonds of the State of California (the "State"), including bonds payable solely out of the revenues from a revenue -producing property owned, controlled, or operated by the State or by a department, board, agency, or authority of the State, which are rated in one of the two highest short-term or long-term rating categories by either Moody's or S&P, and which have a maximum term to maturity not to exceed three years. (c) Unsecured certificates of deposit, time deposits and bankers' acceptance of any bank the short-term obligations of which are rated on the date of purchase "A-1+" or better by S&P and "P- 1" by Moody's and or certificates of deposit (including those of the Fiscal Agent, its parent and its affiliates) secured at all times by collateral that may be used by a national bank for purposes of satisfying its obligations to collateralize pursuant to federal law which are issued by commercial banks, savings and loan associations or mutual savings bank whose short-term obligations are rated on the date of purchase A-1 (or its equivalent) or better by S&P or Moody's. (d) Commercial paper which at the time of purchase is of "prime" quality of the highest ranking or of the highest letter and numerical rating as provided by either Moody's or S&P, which commercial paper is limited to issuing corporations that are organized and operating within the United States of America and that have total assets in excess of five hundred million dollars ($500,000,000) and that have an "A" or higher rating for the issuer's debentures, other than commercial paper, by either Moody's or S&P, provided that purchases of eligible commercial paper may not exceed 180 days' maturity nor represent more than 10 percent of the outstanding commercial paper of an issuing corporation. Purchases of commercial paper may not exceed 20 percent of the total amount invested pursuant to this definition of Permitted Investments.
(e) A repurchase agreement with a state or nationally charted bank or trust company or a national banking association or government bond dealer reporting to, trading with, and recognized as a primary dealer by the Federal Reserve Bank of New York, provided that all of the following conditions are satisfied: (1) the agreement is secured by any one or more of the securities described in subdivision (a) of this definition of Permitted Investments, (2) the underlying securities are required by the repurchase agreement to be held by a bank, trust company, or primary dealer having a combined 7 4897-1327-624 1 v7/20103 3 -0003

capital and surplus of at least one hundred million dollars ($100,000,000) and which is independent of the issuer of the repurchase agreement, and (3) the underlying securities are maintained at a market value, as determined on a marked -to -market basis calculated at least weekly, of not less than 103 percent of the amount so invested.
(f) An investment agreement or guaranteed investment contract with, or guaranteed by, a financial institution the long-term unsecured obligations of which are rated Aa2 and "AA" or better, respectively, by Moody's and S&P at the time of initial investment. The investment agreement shall be subject to a downgrade provision with at least the following requirements: (1) the agreement shall provide that within five business days after the financial institution's long-term unsecured credit rating has been withdrawn, suspended, other than because of general withdrawal or suspension by Moody's or S&P from the practice of rating that debt, or reduced below "AA-" by S&P or below "Aa3" by Moody's (these events are called "rating downgrades") the financial institution shall give notice to the Authority and, within the five-day period, and for as long as the rating downgrade is in effect, shall deliver in the name of the Authority or the Fiscal Agent to the Authority or the Fiscal Agent Federal Securities allowed as investments under subdivision (a) of this definition of Permitted Investments with aggregate current market value equal to at least 105 percent of the principal amount of the investment agreement invested with the financial institution at that time, and shall deliver additional allowed federal securities as needed to maintain an aggregate current market value equal to at least 105 percent of the principal amount of the investment agreement within three days after each evaluation date, which shall be at least weekly, and (2) the agreement shall provide that, if the financial institution's long-term unsecured credit rating is reduced below "A3" by Moody's or below "A-" by S&P, the Fiscal Agent or the Authority may, upon not more than five business days' written notice to the financial institution, withdraw the investment agreement, with accrued but unpaid interest thereon to the date, and terminate the agreement.
(g) The Local Agency Investment Fund of the State of California. (h) Investments in a money market fund (including any funds of the Fiscal Agent or its affiliates and including any funds for which the Fiscal Agent or its affiliates provides investment advisory or other management services) rated in the highest rating category (without regard to plus (+) or minus (-) designations) by Moody's or S&P.
(i) Any other lawful investment for City funds.
"Principal Office" means the corporate trust office of the Fiscal Agent set forth in Section 9.06, except for the purpose of maintenance of the Bond Register and presentation of Bonds for payment, transfer or exchange, such term shall mean the office at which the Fiscal Agent conducts its corporate agency business, or such other or additional offices as may be designated by the Fiscal Agent. "Priority Administrative Expenses Amount" means (i) for Fiscal Year 2026-27, the amount of $30,000 and (ii) for each succeeding Fiscal Year, the sum of (A) the Priority Administrative Expenses Amount for the preceding Fiscal Year plus (B) 2% of the Priority Administrative Expenses Amount for the preceding Fiscal Year. Notwithstanding the foregoing, the "Priority Administrative Expenses Amount" is subject to increase each time that any Parity Bonds are issued, at the discretion of the City and as set forth in the Supplemental Agreement pursuant to which the Parity Bonds are issued, so long as the Priority Administrative Expenses Amount, following such increase, is not greater in any Fiscal Year than 10% of the debt service due on the Bonds in each such respective Fiscal Year. 8 4897-1327-624 1 v7/20103 3 -0003

"Project" means the facilities eligible to be funded by the District, as more particularly described in the Resolution of Formation.
"Rate and Method of Apportionment of Special Taxes" means the rate and method of apportionment of special taxes for the District, as approved pursuant to the Resolution of Formation, and as it may be modified from time to time in accordance with the Act. "Rebate Fund" means the fund by that name established pursuant to Section 4.08 in which there are established the accounts described in Section 4.08. "Rebate Regulations" means any final, temporary or proposed Regulations promulgated under Section 148(f) of the Code.
"Record Date" means the fifteenth day of the month next preceding the month of the applicable Interest Payment Date, whether or not such day is a Business Day. "Refunding- B�" means bonds issued by the Authority for the District the net proceeds of which are used to refund all or a portion of the then Outstanding Bonds; provided that the debt service on the Refunding Bonds in any Bond Year is not in excess of the debt service on the Bonds being refunded and the final maturity of the Refunding Bonds is not later than the final maturity of the Bonds being refunded.
"Reserve Fund" means the fund by that name established pursuant to Section 4.04(A) hereof "Reserve Requirement" means, as of any date of calculation, an amount equal to the least of (i) the then Maximum Annual Debt Service, (ii) one hundred twenty-five percent (125%) of the then average Annual Debt Service, or (iii) ten percent (10%) of the then principal amount of the Outstanding Bonds. The Reserve Requirement as of the Closing Date is $ "Resolution" means Resolution No. TPFA 2025-_, adopted by the Board of Directors of the Authority on September 23, 2025.
"Resolution of Formation" means Resolution No. TPFA 2024-06, adopted by the Board of Directors of the Authority on February 27, 2024.
"S&P" means S&P Global Ratings, and any successor thereto. "School District" means the Temecula Valley Unified School District. "School District Account" means the account by that name established by Section 4.02(A) within the Improvement Fund.
"Securities Depositories" means The Depository Trust Company, 55 Water Street, New York, New York 10041-0099, Fax (212) 855-7232; and, in accordance with then current guidelines of the Securities and Exchange Commission, such other addresses and/or such other securities depositories as the Authority may designate in an Officer's Certificate delivered to the Fiscal Agent. "Special Tax A" has the meaning given such term in the Rate and Method of Apportionment of Special Taxes.
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"Special Tax B" has the meaning given such term in the Rate and Method of Apportionment of Special Taxes.
"Special Tax C" has the meaning given such term in the Rate and Method of Apportionment of Special Taxes.
"Special Tax Fund" means the fund by that name established by Section 4.06(A) hereof. "Special Tax Prepayments" means the proceeds of any prepayments of Special Tax A received by the Authority, as calculated pursuant to the Rate and Method of Apportionment of the Special Taxes, less any administrative fees or penalties collected as part of any such prepayment. "Special Tax Prepayments Account" means the account by that name established within the Bond Fund by Section 4.05(A) hereof.
"Special Tax Revenues" means the proceeds of the Special Taxes received by the Authority, including any scheduled payments and any prepayments thereof, interest thereon and proceeds of the redemption or sale of property sold as a result of foreclosure of the lien of the Special Taxes to the amount of said lien and interest thereon. "Special Tax Revenues" does not include any penalties collected in connection with delinquent Special Taxes, which amounts may be deposited to the Administrative Expense Fund or otherwise disposed of as determined by the Treasurer consistent with any applicable provisions of the Act.
"Special Taxes" means the Special Tax A levied within the District pursuant to the Act, the Ordinance, the Rate and Method of Apportionment of Special Taxes and this Agreement. Special Tax B and Special Tax C are not included in "Special Taxes" for purposes of this Agreement. "Supplemental Agreement" means an agreement the execution of which is authorized by a resolution which has been duly adopted by the Authority under the Act and which agreement is amendatory of or supplemental to this Agreement, but only if and to the extent that such agreement is specifically authorized hereunder.
"Tax Consultant" means any independent financial or tax consultant retained by the Authority or the City for the purpose of computing the Special Taxes. "Treasurer" means the Treasurer of the Authority or such other officer or employee of the Authority performing the functions of the chief financial officer of the Authority. "2025 Bonds" means the Bonds so designated and authorized to be issued under Section 2.01 hereof.

ARTICLE II

THE BONDS
Section 2.01. Principal Amount; Designation. 2025 Bonds in the aggregate principal amount of Dollars ($ ) are authorized to be issued by the Authority for and on behalf of the District under and subject to the terms of the Resolution and this Agreement, the Act and other applicable laws of the State of California. The 2025 Bonds are hereby designated as the "Temecula Public Financing Authority Community Facilities District No. 23-02 (Prado) 2025 Special Tax Bonds."
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Section 2.02. Terms of the 2025 Bonds.
(A) Form; Denominations. The 2025 Bonds shall be issued in fully registered form without coupons in Authorized Denominations. The 2025 Bonds shall be lettered and numbered in a customary manner as determined by the Fiscal Agent.
(B) Date of 2025 Bonds. The 2025 Bonds shall be dated the Closing Date. (C) CUSIP Identification Numbers. "CUSIP" identification numbers shall be imprinted on the 2025 Bonds, but such numbers shall not constitute a part of the contract evidenced by the 2025 Bonds and any error or omission with respect thereto shall not constitute cause for refusal of any purchaser to accept delivery of and pay for the 2025 Bonds. In addition, failure on the part of the Authority or the Fiscal Agent to use such CUSIP numbers in any notice to Owners shall not constitute an event of default or any violation of the Authority's contract with such Owners and shall not impair the effectiveness of any such notice.
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(D) Maturities, Interest Rates. The 2025 Bonds shall mature and become payable on September 1 in each of the years, and shall bear interest at the rates per annum as follows:

Maturity Date
(September 1)
2026
2027
2028
2029
2030
2031
2032
2033
2034
2035
2036
2037
2038
2039
2040
2041
2042
2043
2044
2045
2046
2047
2048
2049
2050
2051
2052
2053
2054
2055
Principal Amount
Interest Rate
(E) Interest. The 2025 Bonds shall bear interest at the rates set forth above payable on the Interest Payment Dates in each year. Interest shall be calculated on the basis of a 360-day year composed of twelve 30-day months. Each 2025 Bond shall bear interest from the Interest Payment Date next preceding the date of authentication thereof unless (i) it is authenticated on an Interest Payment Date, in which event it shall bear interest from such date of authentication, or (ii) it is authenticated prior to an Interest Payment Date and after the close of business on the Record Date preceding such Interest Payment Date, in which event it shall bear interest from such Interest Payment Date, or (iii) it is authenticated prior to the Record Date preceding the first Interest Payment Date, in which event it shall bear interest from the Closing Date; provided, however, that if at the time of authentication of a 2025 Bond, interest is in default thereon, such 2025 Bond shall bear interest from the Interest Payment Date to which interest has previously been paid or made available for payment thereon.
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(F) Method of Payment. Interest on the 2025 Bonds (including the final interest payment upon maturity or earlier redemption) is payable by check of the Fiscal Agent mailed on the Interest Payment Dates by first class mail to the registered Owner thereof at such registered Owner's address as it appears on the Bond Register maintained by the Fiscal Agent at the close of business on the Record Date preceding the Interest Payment Date, or by wire transfer (i) to the Depository (so long as the Bonds are in book -entry form pursuant to Section 2.13), or (ii) to an account within the United States made on such Interest Payment Date upon written instructions of any Owner of $1,000,000 or more in aggregate principal amount of Bonds received before the applicable Record Date, which instructions shall continue in effect until revoked in writing, or until such Bonds are transferred to a new Owner. The principal of the 2025 Bonds and any premium on the 2025 Bonds are payable by check in lawful money of the United States of America upon surrender of the 2025 Bonds at the Principal Office of the Fiscal Agent. All 2025 Bonds paid by the Fiscal Agent pursuant to this Section shall be canceled by the Fiscal Agent. The Fiscal Agent shall destroy the canceled 2025 Bonds and issue a certificate of destruction thereof to the Authority upon the Authority's request.

Section 2.03. Redemption.
(A) Redemption Dates.
(i) Optional Redemption. The 2025 Bonds maturing on or after September 1, 20_ are subject to optional redemption prior to their stated maturity on any Interest Payment Date occurring on or after September 1, 20_, as a whole, or in part in an amount equal to $5,000 or any integral multiple thereof and among maturities so as to maintain substantially level debt service on the Bonds, and by lot within a maturity, at a redemption price (expressed as a percentage of the principal amount of the 2025 Bonds to be redeemed), as set forth below, together with accrued interest thereon to the date fixed for redemption:

Redemption Dates Redemption Prices
September 1, 20_
and March 1, 20_ 103%
September 1, 20_
and March 1, 20_ 102
September 1, 20_
and March 1, 20_ 101
September 1, 20_
and any Interest Payment Date thereafter 100
(ii) Mandatory Sinking Payment Redemption. The 2025 Bonds maturing on September 1, 20_, are subject to mandatory sinking payment redemption in part on September 1, 20_, and on each September 1 thereafter to maturity, by lot, at a redemption price equal to the principal amount thereof to be redeemed, together with accrued interest to the date fixed for redemption, without premium, from sinking payments as follows:

Redemption Date Sinking
(September 1) Payments
(maturity)
The 2025 Bonds maturing on September 1, 20, are subject to mandatory sinking payment redemption in part on September 1, 20, and on each September 1 thereafter to maturity, by lot, at a 13 4897-1327-624 1 v7/20103 3 -0003

redemption price equal to the principal amount thereof to be redeemed, together with accrued interest to the date fixed for redemption, without premium, from sinking payments as follows:

Redemption Date
(September 1)
(maturity)
Sinking Payments
The 2025 Bonds maturing on September 1, 20_, are subject to mandatory sinking payment redemption in part on September 1, 20_, and on each September 1 thereafter to maturity, by lot, at a redemption price equal to the principal amount thereof to be redeemed, together with accrued interest to the date fixed for redemption, without premium, from sinking payments as follows:

Redemption Date
(September 1)
(maturity)
Sinking Payments
The amounts in the foregoing tables shall be reduced to the extent practicable so as to maintain level debt service on the 2025 Bonds, as a result of any prior partial redemption of the 2025 Bonds pursuant to Section 2.03(A)(i) above or Section 2.03(A)(iii) below, as specified in writing by the Treasurer to the Fiscal Agent.
(iii) Redemption From Special Tax Prepayments. Special Tax Prepayments and any corresponding transfers from the Reserve Fund pursuant to Section 4.05(B)(ii) and Section 4.04(F), respectively, shall be used to redeem 2025 Bonds in whole, or in part in an amount equal to $5,000 or any integral multiple thereof, on the next Interest Payment Date for which notice of redemption can timely be given under Section 2.03(D), by lot within a maturity and allocated among maturities of the 2025 Bonds so as to maintain substantially level debt 14 4897-1327-624 1 v7/20103 3 -0003

service on the Bonds, at a redemption price (expressed as a percentage of the principal amount of the 2025 Bonds to be redeemed), as set forth below, together with accrued interest to the date fixed for redemption:

Redemption Dates Redemption Prices
any Interest Payment Date from September 1, 2026
to and including March 1, 20 103%
September 1, 20 and March 1, 20 102
September 1, 20 and March 1, 20 101
September 1, 20_ and any Interest Payment Date 100
thereafter
(B) Notice to Fiscal Agent. The Authority shall give the Fiscal Agent written notice of its intention to redeem 2025 Bonds pursuant to subsection (A)(i) or (A)(iii) not less than forty-five (45) days prior to the applicable redemption date, or such lesser number of days as the Fiscal Agent shall allow. Notwithstanding the foregoing, no notice need be given by the Authority to the Fiscal Agent in connection with a redemption of the Bonds pursuant to Section (A)(ii) by reason of mandatory sinking payments.
(C) Purchase of Bonds in Lieu of Redemption. In lieu of redemption under Section 2.03(A), moneys in the Bond Fund may be used and withdrawn by the Fiscal Agent for purchase of Outstanding 2025 Bonds, upon the filing with the Fiscal Agent of an Officer's Certificate requesting such purchase prior to the selection of 2025 Bonds for redemption, at public or private sale as and when, and at such prices (including brokerage and other charges) as such Officer's Certificate may provide, but in no event may 2025 Bonds be purchased at a price in excess of the principal amount thereof, plus interest accrued to the date of purchase and any premium which would otherwise be due if such 2025 Bonds were to be redeemed in accordance with this Agreement. (D) Redemption Procedure by Fiscal Agent. The Fiscal Agent shall cause notice of any redemption to be mailed by first class mail, postage prepaid, or by such other means as is acceptable to the recipient thereof, at least twenty (20) days but not more than sixty (60) days prior to the date fixed for redemption, to the Securities Depositories, to one or more Information Services (or by such other means as permitted by such services), and to the respective registered Owners of any 2025 Bonds designated for redemption, at their addresses appearing on the Bond Register; but such mailing shall not be a condition precedent to such redemption and failure to mail or to receive any such notice, or any defect therein, shall not affect the validity of the proceedings for the redemption of such 2025 Bonds.

Such notice shall state the redemption date and the redemption price and, if less than all of the then Outstanding 2025 Bonds are to be called for redemption, shall designate the CUSIP numbers and, if applicable, Bond numbers of the 2025 Bonds to be redeemed by giving the individual CUSIP number and, if applicable, Bond number of each 2025 Bond to be redeemed or if Bond numbers have been assigned by the Fiscal Agent to the 2025 Bonds shall state that all 2025 Bonds between two stated Bond numbers, both inclusive, are to be redeemed or that all of the 2025 Bonds of one or more maturities have been called for redemption, shall state as to any 2025 Bond called in part the principal amount thereof to be redeemed, and shall require that such 2025 Bonds be then surrendered at the Principal Office of the Fiscal Agent for redemption at the said redemption price, and shall state that further interest on such 2025 Bonds will not accrue from and after the redemption date. 15 4897-1327-624 1 v7/20103 3 -0003

Notwithstanding the foregoing, in the case of any redemption of the 2025 Bonds under Section 2.03(A)(i) above, the notice of redemption may state that the redemption is conditioned upon receipt by the Fiscal Agent of sufficient moneys to redeem the 2025 Bonds on the anticipated redemption date, and that the redemption shall not occur if by no later than the scheduled redemption date sufficient moneys to redeem the 2025 Bonds have not been deposited with the Fiscal Agent. In the event that the Fiscal Agent does not receive sufficient funds by the scheduled redemption date to so redeem the 2025 Bonds to be redeemed, the Fiscal Agent shall send written notice to the owners of the 2025 Bonds, to the Securities Depositories and to one or more of the Information Services to the effect that the redemption did not occur as anticipated, and the 2025 Bonds for which notice of redemption was given shall remain Outstanding for all purposes of this Agreement.

Upon the payment of the redemption price of 2025 Bonds being redeemed, each check or other transfer of funds issued for such purpose shall, to the extent practicable, bear the CUSIP number identifying, by issue and maturity, the 2025 Bonds being redeemed with the proceeds of such check or other transfer.

Whenever provision is made in this Agreement for the redemption of less than all of the 2025 Bonds (other than a redemption pursuant to Section 2.03(A)(ii)), the Fiscal Agent shall select the 2025 Bonds to be redeemed, from all 2025 Bonds or such given portion thereof not previously called for redemption, among maturities as directed in writing by the Treasurer (who shall specify 2025 Bonds to be redeemed so as to maintain substantially level debt service on the Bonds), and by lot within a maturity in any manner which the Fiscal Agent deems appropriate.

Upon surrender of 2025 Bonds redeemed in part only, the Authority shall execute and the Fiscal Agent shall authenticate and deliver to the Owner, at the expense of the Authority, a new 2025 Bond or 2025 Bonds, of the same series and maturity, of Authorized Denominations in aggregate principal amount equal to the unredeemed portion of the 2025 Bond or 2025 Bonds. (E) Effect of Redemption. From and after the date fixed for redemption, if funds available for the payment of the principal of, and interest and any premium on, the 2025 Bonds so called for redemption shall have been deposited in the Bond Fund, such 2025 Bonds so called shall cease to be entitled to any benefit under this Agreement other than the right to receive payment of the redemption price, and no interest shall accrue thereon on or after the redemption date specified in such notice.
(F) Redemption of Parity Bonds. Redemption provisions, if any, pertaining to any Parity Bonds shall be set forth in the Supplemental Agreement providing for such Parity Bonds.

Section 2.04. Form of Bonds. The 2025 Bonds, the form of Fiscal Agent's certificate of authentication and the form of assignment, to appear thereon, shall be substantially in the forms, respectively, set forth in Exhibit A attached hereto and by this reference incorporated herein, with necessary or appropriate variations, omissions and insertions, as permitted or required by this Agreement, the Resolution and the Act.

Section 2.05. Execution of Bonds. The Bonds shall be executed on behalf of the Authority by the manual or facsimile signatures of its Chair and Secretary. If any officer whose signature appears on any Bond ceases to be such officer before delivery of the Bonds to the Owner, such signature shall nevertheless be as effective as if the officer had remained in office until the delivery of the Bonds to the Owner. Any Bond may be signed and attested on behalf of the Authority by such persons as at the 16 4897-1327-624 1 v7/20103 3 -0003

actual date of the execution of such Bond shall be the proper officers of the Authority although at the nominal date of such Bond any such person shall not have been such officer of the Authority.

Only such Bonds as shall bear thereon a certificate of authentication in substantially the form set forth in Exhibit A, executed and dated by the Fiscal Agent, shall be valid or obligatory for any purpose or entitled to the benefits of this Agreement, and such certificate of authentication of the Fiscal Agent shall be conclusive evidence that the Bonds registered hereunder have been duly authenticated, registered and delivered hereunder and are entitled to the benefits of this Agreement.

Section 2.06. Transfer of Bonds. Any Bond may, in accordance with its terms, be transferred in Authorized Denominations, upon the Bond Register by the person in whose name it is registered, in person or by his duly authorized attorney, upon surrender of such Bond for cancellation, accompanied by delivery of a duly written instrument of transfer in a form acceptable to the Fiscal Agent. The cost for any services rendered or any expenses incurred by the Fiscal Agent in connection with any such transfer shall be paid by the Authority. The Fiscal Agent shall collect from the Owner requesting such transfer any tax or other governmental charge required to be paid with respect to such transfer.

Whenever any Bond or Bonds shall be surrendered for transfer, the Authority shall execute and the Fiscal Agent shall authenticate and deliver a new Bond or Bonds, for like aggregate principal amount of the same series and maturity of Authorized Denomination(s).

No transfers of Bonds shall be required to be made (i) fifteen days prior to the date established by the Fiscal Agent for selection of Bonds for redemption, (ii) with respect to a Bond after such Bond has been selected for redemption, or (iii) between a Record Date and the succeeding Interest Payment Date.

Section 2.07. Exchange of Bonds. Bonds may be exchanged at the Principal Office of the Fiscal Agent for a like aggregate principal amount of Bonds of Authorized Denominations and of the same series and maturity. The cost for any services rendered or any expenses incurred by the Fiscal Agent in connection with any such exchange shall be paid by the Authority. The Fiscal Agent shall collect from the Owner requesting such exchange any tax or other governmental charge required to be paid with respect to such exchange.

No exchanges of Bonds shall be required to be made (i) fifteen days prior to the date established by the Fiscal Agent for selection of Bonds for redemption, (ii) with respect to a Bond after such Bond has been selected for redemption, or (iii) between a Record Date and the succeeding Interest Payment Date.

Section 2.08. Bond Register. The Fiscal Agent will keep or cause to be kept, at its Principal Office sufficient books for the registration and transfer of the Bonds, which books shall show the series number, date, amount, rate of interest and last known Owner of each Bond and shall at all times be open to inspection by the Authority during regular business hours upon reasonable notice; and, upon presentation for such purpose, the Fiscal Agent shall, under such reasonable regulations as it may prescribe, register or transfer or cause to be registered or transferred, on said books, the ownership of the Bonds as hereinbefore provided.

The Authority and the Fiscal Agent will treat the Owner of any Bond whose name appears on the Bond Register as the absolute Owner of such Bond for any and all purposes, and the Authority and 17 4897-1327-624 1 v7/20103 3 -0003

the Fiscal Agent shall not be affected by any notice to the contrary. The Authority and the Fiscal Agent may rely on the address of the Bondowner as it appears in the Bond Register for any and all purposes.

Section 2.09. Temporary Bonds. The Bonds may be initially issued in temporary form exchangeable for definitive Bonds when ready for delivery. The temporary Bonds may be printed, lithographed or typewritten, shall be of such Authorized Denominations as may be determined by the Authority, and may contain such reference to any of the provisions of this Agreement as may be appropriate. Every temporary Bond shall be executed by the Authority upon the same conditions and in substantially the same manner as the definitive Bonds. If the Authority issues temporary Bonds it will execute and furnish definitive Bonds without delay and thereupon the temporary Bonds shall be surrendered, for cancellation, in exchange for the definitive Bonds at the Principal Office of the Fiscal Agent or at such other location as the Fiscal Agent shall designate, and the Fiscal Agent shall authenticate and deliver in exchange for such temporary Bonds an equal aggregate principal amount of definitive Bonds of Authorized Denominations. Until so exchanged, the temporary Bonds shall be entitled to the same benefits under this Agreement as definitive Bonds authenticated and delivered hereunder.

Section 2.10. Bonds Mutilated, Lost, Destroyed or Stolen. If any Bond shall become mutilated, the Authority, at the expense of the Owner of said Bond, shall execute, and the Fiscal Agent shall authenticate and deliver, a new Bond of like tenor and principal amount in exchange and substitution for the Bond so mutilated, but only upon surrender to the Fiscal Agent of the Bond so mutilated. Every mutilated Bond so surrendered to the Fiscal Agent shall be canceled by it and destroyed by the Fiscal Agent who shall deliver a certificate of destruction thereof to the Authority.

If any Bond shall be lost, destroyed or stolen, evidence of such loss, destruction or theft may be submitted to the Fiscal Agent and, if such evidence be satisfactory to the Fiscal Agent and indemnity for the Authority and the Fiscal Agent satisfactory to the Fiscal Agent shall be given, the Authority, at the expense of the Owner, shall execute, and the Fiscal Agent shall authenticate and deliver, a new Bond of like tenor and principal amount in lieu of and in substitution for the Bond so lost, destroyed or stolen. The Authority may require payment of a sum not exceeding the actual cost of preparing each new Bond delivered under this Section and of the expenses which may be incurred by the Authority and the Fiscal Agent for the preparation, execution, authentication and delivery. Any Bond delivered under the provisions of this Section in lieu of any Bond alleged to be lost, destroyed or stolen shall constitute an original additional contractual obligation on the part of the Authority whether or not the Bond so alleged to be lost, destroyed or stolen is at any time enforceable by anyone, and shall be equally and proportionately entitled to the benefits of this Agreement with all other Bonds issued pursuant to this Agreement.

Section 2.11. Limited Obligation. All obligations of the Authority under this Agreement and the Bonds shall be special obligations of the Authority, payable solely from the Special Tax Revenues and the funds pledged therefore hereunder. Neither the faith and credit nor the taxing power of the Authority (except with respect to the levy of Special Taxes in the District, to the limited extent set forth herein) or the State of California or any political subdivision thereof is pledged to the payment of the Bonds. The City has no obligations whatsoever under this Agreement or otherwise with respect to the Bonds.

Section 2.12. No Acceleration. The principal of the Bonds shall not be subject to acceleration hereunder. Nothing in this Section shall in any way prohibit the redemption of Bonds 18 4897-1327-624 1 v7/20103 3 -0003

under Section 2.03 hereof, or the defeasance of the Bonds and discharge of this Agreement under Section 9.03 hereof.

Section 2.13. Book -Entry System. DTC shall act as the initial Depository for the 2025 Bonds. One 2025 Bond for each maturity of the 2025 Bonds shall be initially executed, authenticated, and delivered as set forth herein with a separate fully registered certificate (in print or typewritten form). Upon initial execution, authentication, and delivery, the ownership of the 2025 Bonds shall be registered in the Bond Register in the name of Cede & Co., as nominee of DTC or such nominee as DTC shall appoint in writing.

The representatives of the Authority and the Fiscal Agent are hereby authorized to take any and all actions as may be necessary and not inconsistent with this Agreement to qualify the Bonds for the Depository's book -entry system, including the execution of the Depository's required representation letter.

With respect to Bonds registered in the Bond Register in the name of Cede & Co., as nominee of DTC, neither the Authority nor the Fiscal Agent shall have any responsibility or obligation to any broker -dealer, bank, or other financial institution for which DTC holds Bonds as Depository from time to time (the "DTC Participants") or to any person for which a DTC Participant acquires an interest in the Bonds (the `Beneficial Owners"). Without limiting the immediately preceding sentence, neither the Authority nor the Fiscal Agent shall have any responsibility or obligation with respect to (i) the accuracy of the records of DTC, Cede & Co., or any DTC Participant with respect to any ownership interest in the Bonds, (ii) the delivery to any DTC Participant, any Beneficial Owner, or any other person, other than DTC, of any notice with respect to the Bonds, including any notice of redemption, (iii) the selection by the Depository of the beneficial interests in the Bonds to be redeemed in the event the Authority elects to redeem the Bonds in part, (iv) the payment to any DTC Participant, any Beneficial Owner, or any other person, other than DTC, of any amount with respect to the principal of or interest on the Bonds, or (v) any consent given or other action taken by the Depository as Owner of the Bonds.

Except as set forth above, the Fiscal Agent may treat as and deem DTC to be the absolute Owner of each Bond for which DTC is acting as Depository for the purpose of payment of the principal of and interest on such Bonds, for the purpose of giving notices of redemption and other matters with respect to such Bonds, for the purpose of registering transfers with respect to such Bonds, and for all purposes whatsoever. The Fiscal Agent shall pay all principal of and interest on the Bonds only to or upon the order of the Owners as shown on the Bond Register, and all such payments shall be valid and effective to fully satisfy and discharge all obligations with respect to the principal of and interest on the Bonds to the extent of the amounts so paid.

No person other than an Owner, as shown on the Bond Register, shall receive a physical Bond.

Upon delivery by DTC to the Fiscal Agent of written notice to the effect that DTC has determined to substitute a new nominee in place of Cede & Co., and subject to the transfer provisions in Section 2.06 hereof, references to "Cede & Co." in this Section 2.13 shall refer to such new nominee of DTC.

DTC may determine to discontinue providing its services with respect to the Bonds at any time by giving written notice to the Fiscal Agent during any time that the Bonds are Outstanding, and discharging its responsibilities with respect thereto under applicable law. The Authority may terminate the services of DTC with respect to the Bonds if it determines that DTC is unable to discharge its responsibilities with respect to the Bonds or that continuation of the system of book -entry transfers 19 4897-1327-624 1 v7/20103 3 -0003

through DTC is not in the best interest of the Beneficial Owners, and the Authority shall mail notice of such termination to the Fiscal Agent.

Upon the termination of the services of DTC as provided in the previous paragraph, and if no substitute Depository willing to undertake the functions hereunder can be found which is willing and able to undertake such functions upon reasonable or customary terms, or if the Authority determines that it is in the best interest of the Beneficial Owners of the 2025 Bonds that they be able to obtain certificated 2025 Bonds, the 2025 Bonds shall no longer be restricted to being registered in the Bond Register in the name of Cede & Co., as nominee of DTC, but may be registered in whatever name or names the Owners shall designate at that time, in accordance with Section 2.06.

To the extent that the Beneficial Owners are designated as the transferee by the Owners, in accordance with Section 2.06, the 2025 Bonds will be delivered to such Beneficial Owners as soon as practicable.

Section 2.14. Issuance of Parity Bonds. The Authority may issue one or more series of Parity Bonds, in addition to the 2025 Bonds authorized under Section 2.01 hereof, by means of a Supplemental Agreement and without the consent of any Bondowners, upon compliance with the provisions of this Section 2.14. Only bonds that comply with the requirements of this Section 2.14 shall be Parity Bonds, and such Parity Bonds shall constitute Bonds hereunder and shall be secured by a lien on the Special Tax Revenues and funds pledged for the payment of the Bonds hereunder on a parity with all other Bonds Outstanding hereunder.

The Authority may issue Parity Bonds subject to the following specific conditions precedent:
(A) Current Compliance. The Authority shall be in compliance in all material respects on the date of issuance of the Parity Bonds with all covenants set forth in this Agreement and all Supplemental Agreements, and the principal amount of the Parity Bonds shall not cause the Authority to exceed the maximum authorized indebtedness of the District under the provisions of the Act.
(B) Payment Dates. The Supplemental Agreement providing for the issuance of such Parity Bonds shall provide that interest thereon shall be payable on March 1 and September 1, and principal thereof shall be payable on September 1 in any year in which principal is payable (provided that there shall be no requirement that any Parity Bonds pay interest on a current basis). (C) Funds and Accounts; Reserve Fund Deposit. The Supplemental Agreement providing for the issuance of such Parity Bonds may provide for the establishment of separate funds and accounts, and shall provide for a deposit to the Reserve Fund (or to a separate account created for such purpose) in an amount necessary so that the amount on deposit in the Reserve Fund (together with the amount in any such separate account), following the issuance of such Parity Bonds, is at least equal to the Reserve Requirement.
(D) RefundingB. The Parity Bonds must be Refunding Bonds. (E) Coverage. For each Fiscal Year after issuance of the Parity Bonds, the maximum amount of the Special Taxes that may be levied for such Fiscal Year under the Ordinance, the Agreement and any Supplemental Agreement less the Priority Administrative Expense Amount for each respective Fiscal Year, shall be at least 110% of the total Annual Debt Service of the then 20 4897-1327-624 1 v7/20103 3 -0003

Outstanding Bonds and the proposed Parity Bonds for each Bond Year that commences in each such Fiscal Year, and the aggregate Special Tax Prepayments that could occur after the issuance of the Parity Bonds shall be not less than the principal amount of the Outstanding Bonds and the proposed Parity Bonds.
(F) Officer's Certificate. The Authority shall deliver to the Fiscal Agent an Officer's Certificate certifying that the conditions precedent to the issuance of such Parity Bonds set forth in subsections (A), (B), (C), (D) and (E) of this Section 2.14 have been satisfied. In delivering such Officer's Certificate, the Authorized Officer that executes the same may conclusively rely upon such certificates of the Fiscal Agent, the Tax Consultant and others selected with due care, without the need for independent inquiry or certification.

Notwithstanding the foregoing, the Authority may issue Refunding Bonds as Parity Bonds without the need to satisfy the requirements of clause (E) above, and, in connection therewith, the Officer's Certificate in clause (F) above need not make reference to said clause (E).

Nothing in this Section 2.14 shall prohibit the Authority from issuing bonds or otherwise incurring debt secured by a pledge of Special Tax Revenues subordinate to the pledge thereof under Section 3.02 of this Agreement.

ARTICLE III
ISSUANCE OF 2025 BONDS
Section 3.01. Issuance and Delivery of 2025 Bonds. At any time after the execution of this Agreement, the Authority may issue the 2025 Bonds for the District in the aggregate principal amount set forth in Section 2.01 and deliver the 2025 Bonds to the Original Purchaser. The Authorized Officers of the Authority are hereby authorized and directed to deliver any and all documents and instruments necessary to cause the issuance of the 2025 Bonds in accordance with the provisions of the Act, the Resolution and this Agreement, to authorize the payment of Costs of Issuance from the proceeds of the 2025 Bonds, to authorize withdrawals from the accounts within the Improvement Fund, and to do and cause to be done any and all acts and things necessary or convenient for delivery of the 2025 Bonds to the Original Purchaser.

Section 3.02. Pledge of Special Tax Revenues. The Bonds shall be secured by a first pledge of all of the Special Tax Revenues (other than the Special Tax Revenues to be deposited to the Administrative Expense Fund pursuant to clause (i) of the second paragraph of Section 4.06(A) or the Rebate Fund pursuant to Section 4.08) and all moneys deposited in the Bond Fund (including the Special Tax Prepayments Account and the Capitalized Interest Account therein), the Reserve Fund and, until disbursed as provided herein, in the Special Tax Fund. The Special Tax Revenues and all moneys deposited into said funds (except as otherwise provided in the following paragraph) are hereby dedicated to the payment of the principal of, and interest and any premium on, the Bonds as provided herein and in the Act until all of the Bonds have been paid and retired or until moneys or Federal Securities have been set aside irrevocably for that purpose in accordance with Section 9.03.

Amounts in the Administrative Expense Fund, the accounts within the Improvement Fund, the Costs of Issuance Fund, the Rebate Fund, and the Special Tax Revenues to be deposited to the Administrative Expense Fund pursuant to clause (i) of the second paragraph of Section 4.06(A), are not pledged to the repayment of the Bonds. Special Tax B and Special Tax C are not pledged to the repayment of the Bonds. The Project is not in any way pledged to pay the Debt Service on the Bonds. 21 4897-1327-624 1 v7/20103 3 -0003

Any proceeds of condemnation or destruction of any portion of the Project are not pledged to pay the Debt Service on the Bonds and are free and clear of any lien or obligation imposed hereunder.

Section 3.03. Validity of Bonds. The validity of the authorization and issuance of the Bonds shall not be dependent upon the performance by any person of such persons obligation(s) with respect to the Project.

ARTICLE IV

FUNDS AND ACCOUNTS
Section 4.01. Application of Proceeds of Sale of 2025 Bonds and Other Moneys. The proceeds of the purchase of the 2025 Bonds by the Original Purchaser (being $ ) shall be paid to the Fiscal Agent, who shall forthwith set aside, pay over and deposit such proceeds on the Closing Date as follows:
(A) deposit $ in the Costs of Issuance Fund;
(B) deposit $ in the Reserve Fund (being an amount equal to the initial Reserve Requirement);
(C) deposit $ in the Acquisition Account within the Improvement Fund;
(D) deposit $ in the City Account within the Improvement Fund; Fund; and
(E) deposit $ in the EMWD Account within the Improvement Fund; (F) deposit $ in the School District Account within the Improvement (G) deposit $ in the Capitalized Interest Account.

The Fiscal Agent may establish a temporary fund or account in its records to facilitate any of the deposits or transfers referred to in this Section 4.01.

Section 4.02. Improvement Fund.
(A) Establishment of Improvement Fund. There is hereby established as a separate fund to be held by the Fiscal Agent, the Temecula Public Financing Authority Community Facilities District No. 23-02 (Prado) 2025 Improvement Fund (the "Improvement Fund"), and within the Improvement Fund a City Account, an EMWD Account, a School District Account and an Acquisition Account. Deposits shall be made to the accounts within the Improvement Fund as required by clauses (C), (D), (E), (F) of the first paragraph of Section 4.01, the second paragraph of Section 4.01, Section 4.03(B), and clause (iv) of the second paragraph of Section 4.06(A). Moneys in the accounts within the Improvement Fund shall be held by the Fiscal Agent for the benefit of the Authority, and shall be disbursed for the payment or reimbursement of costs of the Project. (B) Procedure for Disbursement. Disbursements from the Acquisition Account of the Improvement Fund shall be made by the Fiscal Agent upon receipt of an Officer's Certificate, which shall: (a) set forth the amount required to be disbursed, the purpose for which the disbursement 22 4897-1327-624 1 v7/20103 3 -0003

is to be made (which shall be for amounts owed by the Authority under the Acquisition Agreement in respect of Project costs, or otherwise to pay Project costs incurred by any other entity that constructs portions of the Project), that the disbursement is a proper expenditure from the Improvement Fund, and the person to which the disbursement is to be paid; and (b) certify that no portion of the amount then being requested to be disbursed was set forth in any Officer's Certificate previously filed requesting a disbursement. In making disbursements from the Acquisition Account of the Improvement Fund, the Fiscal Agent shall use amounts deposited thereto pursuant to clause (C) of the first paragraph of Section 4.01 and any proceeds of any Parity Bonds deposited thereto, and any investment earnings on such amounts, before using any amounts deposited to the Acquisition Account of the Improvement Fund pursuant to the second paragraph of Section 4.01 or clause (iv) of the second paragraph of Section 4.06(A) and any investment earnings thereon.

Disbursements from the City Account of the Improvement Fund shall be made by the Fiscal Agent upon receipt of an Officer's Certificate which shall: (i) set forth the amount required to be disbursed, the purpose for which the disbursement is to be made (which shall be for payment of a Project cost or to reimburse expenditures of the Authority, the City or any other party for Project costs previously paid), that the disbursement is a proper expenditure from the City Account of the Improvement Fund, and the person to which the disbursement is to be paid; and (ii) certify that no portion of the amount then being requested to be disbursed was set forth in any Officer's Certificate previously filed requesting a disbursement.

Disbursements from the EMWD Account of the Improvement Fund shall be made by the Fiscal Agent upon receipt of a certificate executed by the Developer and EMWD in the form of Exhibit C to the Joint Community Facilities Agreement — EMWD which shall set forth the amount required to be disbursed.

Disbursements from the School District Account of the Improvement Fund shall be made by the Fiscal Agent upon receipt of a certificate executed by the Developer and the School District in the form of Exhibit C to the Joint Community Facilities Agreement — School District which shall set forth the amount required to be disbursed.

Each such Officer's Certificate or other certificate submitted to the Fiscal Agent as described in this Section 4.02(B) shall be sufficient evidence to the Fiscal Agent of the facts stated therein, and the Fiscal Agent shall have no duty to confirm the accuracy of such facts. (C) Investment. Moneys in the accounts within the Improvement Fund shall be invested and deposited in accordance with Section 6.01. Interest earnings and profits from the investment and deposit of amounts in the City Account and the Acquisition Account of the Improvement Fund shall be retained in those accounts of the Improvement Fund, respectively, to be used for the purposes of the respective account. Interest earnings and profits from the investment and deposit of amounts in the EMWD Account and the School District Account of the Improvement Fund shall be transferred on each Interest Payment Date or on any other date upon receipt by the Fiscal Agent of an Officer's Certificate requesting such transfers to the City Account of the Improvement Fund to be used for the purposes of the City Account of the Improvement Fund. (D) Transfers Between and Closing of Accounts in the Improvement Fund. Upon the filing of an Officer's Certificate (a) stating that the Developer has requested amounts in an account of the Improvement Fund to be transferred to a different account within the Improvement Fund, and 23 4897-1327-624 1 v7/20103 3 -0003

(b) directing the Fiscal Agent to make such transfers, the Fiscal Agent shall transfer amounts in accordance with such Officer's Certificate.

On the earlier of (i) the date of receipt by the Fiscal Agent of an Officer's Certificate to the effect that the Developer has notified the Authority in writing that no further disbursements will be made from the EMWD Account, or (ii) [Month of Closing] 1, 2028, the Fiscal Agent shall transfer all amounts then on deposit in the EMWD Account to the Acquisition Account to be used for the purposes of such account, or, if the Acquisition Account has theretofore been closed, to the Bond Fund to be used to pay Debt Service on the Bonds on the next Interest Payment Date, and following such transfer the EMWD Account shall be closed.

On the earlier of (i) the date of receipt by the Fiscal Agent of an Officer's Certificate to the effect that the Developer has notified the Authority in writing that no further disbursements will be made from the School District Account, or (ii) [Month of Closing] 1, 2028, the Fiscal Agent shall transfer all amounts then on deposit in the School District Account to the Acquisition Account to be used for the purposes of such account, or, if the Acquisition Account has theretofore been closed, to the Bond Fund to be used to pay Debt Service on the Bonds on the next Interest Payment Date, and following such transfer the School District Account shall be closed.

Upon receipt by the Fiscal Agent of an Officer's Certificate to the effect that all improvements to be funded from the City Account have been completed or that no further withdrawals will be made from the City Account, any amounts remaining on deposit in the City Account shall be transferred by the Fiscal Agent to the Acquisition Account, or, if the Acquisition Account has theretofore been closed, to the Bond Fund to be used to pay Debt Service on the Bonds on the next Interest Payment Date, and when no amounts remain on deposit in the Acquisition Account the Acquisition Account shall be closed.

Upon the filing of an Officer's Certificate stating that the Project has been completed and that all costs of the Project have been paid, or that any such costs are not required to be paid from the Acquisition Account, the Fiscal Agent shall transfer the amount, if any, remaining in the Acquisition Account to the Bond Fund to be used to pay Debt Service on the Bonds on the next Interest Payment Date, and when no amounts remain on deposit in the Acquisition Account the Acquisition Account shall be closed.

Section 4.03. Costs of Issuance Fund.
(A) Establishment of Costs of Issuance Fund. There is hereby established as a separate fund to be held by the Fiscal Agent, the Temecula Public Financing Authority Community Facilities District No. 23-02 (Prado) 2025 Costs of Issuance Fund (the "Costs of Issuance Fund"), to the credit of which a deposit shall be made as required by Section 4.01(A). Moneys in the Costs of Issuance Fund shall be held by the Fiscal Agent and shall be disbursed as provided in subsection (B) of this Section for the payment or reimbursement of Costs of Issuance. (B) Disbursement. Amounts in the Costs of Issuance Fund shall be disbursed from time to time to pay Costs of Issuance, as set forth in a requisition containing respective amounts to be paid to the designated payees, signed by the Treasurer and delivered to the Fiscal Agent on the Closing Date, or otherwise in an Officer's Certificate delivered to the Fiscal Agent after the Closing Date. The Fiscal Agent shall pay all Costs of Issuance after receipt of an invoice from any such payee which requests payment in an amount which is less than or equal to the amount set forth with respect to such 24 4897-1327-624 1 v7/20103 3 -0003

payee pursuant to an Officer's Certificate requesting payment of Costs of Issuance. The Fiscal Agent shall maintain the Costs of Issuance Fund for a period of 90 days from the date of delivery of the 2025 Bonds and then shall transfer any moneys remaining therein, including any investment earnings thereon, to the Acquisition Account of the Improvement Fund. (C) Investment. Moneys in the Costs of Issuance Fund shall be invested and deposited in accordance with Section 6.01. Interest earnings and profits resulting from said investment shall be retained by the Fiscal Agent in the Costs of Issuance Fund to be used for the purposes of such fund.

Section 4.04. Reserve Fund.
(A) Establishment of Fund. There is hereby established as a separate fund to be held by the Fiscal Agent the Temecula Public Financing Authority Community Facilities District No. 23-02 (Prado) Reserve Fund (the "Reserve Fund"), to the credit of which a deposit shall be made as required by Section 4.01(B) equal to the Reserve Requirement as of the Closing Date for the 2025 Bonds, and deposits shall be made as provided in clause (ii) of the second paragraph of Section 4.06(A) and clause (ii) of Section 4.06(B). Moneys in the Reserve Fund shall be held by the Fiscal Agent for the benefit of the Owners of the Bonds as a reserve for the payment of principal of, and interest and any premium on, the Bonds and shall be subject to a lien in favor of the Owners of the Bonds.
(B) Use of Reserve Fund. Except as otherwise provided in this Section, all amounts deposited in the Reserve Fund shall be used and withdrawn by the Fiscal Agent solely for the purpose of making transfers to the Bond Fund in the event of any deficiency at any time in the Bond Fund of the amount then required for payment of the principal of, and interest and any premium on, the Bonds or, in accordance with the provisions of this Section, for the purpose of redeeming Bonds from the Bond Fund, or transfers to the Rebate Fund as required by Section 4.08. (C) Transfer Due to Deficiency in Bond Fund. Whenever transfer is made from the Reserve Fund to the Bond Fund due to a deficiency in the Bond Fund, the Fiscal Agent shall provide written notice thereof to the Treasurer, specifying the amount withdrawn. (D) Transfer of Excess of Reserve Requirement. Whenever, on the Business Day prior to any September 1 occurring on or after September 1, 2026, or on any other date at the request of the Treasurer, the amount in the Reserve Fund exceeds the Reserve Requirement, the Fiscal Agent shall provide written notice to the Treasurer of the amount of the excess and shall transfer an amount equal to the excess from the Reserve Fund to the Bond Fund to be used for the payment of interest on the Bonds on the next Interest Payment Date in accordance with Section 4.05, unless amounts are required to be paid to the federal government pursuant to Section 4.08, in which case such excess amounts in the Reserve Fund shall be transferred to the Rebate Fund to the extent required by Section 4.08.
(E) Transfer When Balance Exceeds Outstanding Bonds. onds. Whenever the balance in the Reserve Fund equals or exceeds the amount required to redeem or pay the Outstanding Bonds, including interest accrued to the date of payment or redemption and premium, if any, due upon redemption, the Fiscal Agent shall upon the written direction of the Treasurer transfer the amount in the Reserve Fund to the Bond Fund to be applied, on the next succeeding Interest Payment Date to the payment and redemption, in accordance with Section 2.03 and 4.05, as applicable, of all of the 25 4897-1327-624 1 v7/20103 3 -0003

Outstanding Bonds. In the event that the amount so transferred from the Reserve Fund to the Bond Fund exceeds the amount required to pay and redeem the Outstanding Bonds, the balance in the Reserve Fund shall be transferred to the Authority to be used for any lawful purpose under the Act.

Notwithstanding the foregoing, no amounts shall be transferred from the Reserve Fund pursuant to this Section 4.04(E) until after (i) the calculation of any amounts due to the federal government pursuant to the Rebate Regulations and Section 4.08 following payment of the Bonds and withdrawal of any such amount from the Reserve Fund for deposit to the Rebate Account of the Rebate Fund, and (ii) payment of any fees and expenses due to the Fiscal Agent. (F) Transfer Upon Special Tax Prepayment. Whenever Special Taxes are prepaid and Bonds are to be redeemed with the proceeds of such prepayment pursuant to Section 2.03(A)(iii) and 4.05(B)(ii), funds in the Reserve Fund in the amount of any applicable "Reserve Fund Credit," as such term is defined in and otherwise determined in accordance with Section G (or H, for partial prepayments) of the Rate and Method of Apportionment of Special Taxes, shall be transferred on the Business Day prior to the redemption date by the Fiscal Agent to the Bond Fund to be applied to the redemption of the Bonds pursuant to Section 2.03(A)(iii). The Treasurer shall deliver to the Fiscal Agent an Officer's Certificate specifying any amount to be so transferred, and the Fiscal Agent may rely on any such Officer's Certificate. (G) Transfer to Pay Rebate. Amounts in the Reserve Fund shall be withdrawn, at the written request of an Authorized Officer, for purposes of paying any rebate liability under Section 4.08.
(H) Investment. Moneys in the Reserve Fund shall be invested in accordance with Section 6.01. Interest earnings and profits resulting from said investment shall be retained by the Fiscal Agent in the Reserve Fund to be used for the purposes of such fund, including any of the purposes specified in this Section 4.04.

Section 4.05. Bond Fund.
(A) Establishment of Bond Fund, Capitalized Interest Account and Special Tax Prepayments Account. There is hereby established as a separate fund to be held by the Fiscal Agent, the Temecula Public Financing Authority Community Facilities District No. 23-02 (Prado) Bond Fund (the "Bond Fund"), to the credit of which deposits shall be made as required by Section 4.01(G), Section 4.04, clause (ii) of the second paragraph of Section 4.06(A) and Section 4.06(B), and any other amounts required to be deposited therein by this Agreement or the Act. There is also hereby created in the Bond Fund a separate account held by the Fiscal Agent, the Special Tax Prepayments Account, to the credit of which deposits shall be made as provided in clause (iii) of the second paragraph of Section 4.06(A). There is also hereby created in the Bond Fund, a separate account held by the Fiscal Agent, the Capitalized Interest Account, to the credit of which a deposit shall be made as provided in Section 4.01(F).

Moneys in the Bond Fund and the account therein shall be held by the Fiscal Agent for the benefit of the Owners of the Bonds, shall be disbursed for the payment of the principal of, and interest and any premium on, the Bonds as provided below, and, pending such disbursement, shall be subject to a lien in favor of the Owners of the Bonds. Notwithstanding the foregoing, amounts in the Bond Fund may be used for the purposes set forth in Section 2.03(C). 26 4897-1327-624 1 v7/20103 3 -0003

(B) Disbursements.
(i) Bond Fund Disbursements. On each Interest Payment Date, the Fiscal Agent shall withdraw from the Bond Fund and pay to the Owners of the Bonds the principal, and interest and any premium, then due and payable on the Bonds, including any amounts due on the Bonds by reason of the sinking payments set forth in Section 2.03 (A)(ii), or a redemption of the Bonds required by Section 2.03(A)(i) or (iii), such payments to be made in the priority listed in the second succeeding paragraph. Notwithstanding the foregoing, (a) amounts in the Bond Fund as a result of a transfer pursuant to Section 4.02(D) shall be used to pay the principal of and interest on the Bonds prior to the use of any other amounts in the Bond Fund for such purpose; and (b) amounts in the Bond Fund as a result of a transfer pursuant to clause (ii) of the second paragraph of Section 4.06(A) shall be immediately disbursed by the Fiscal Agent to pay past due amounts owing on the Bonds.

In the event that amounts in the Bond Fund are insufficient for the purposes set forth in the preceding paragraph, the Fiscal Agent shall withdraw from the Reserve Fund to the extent of any funds therein amounts to cover the amount of such Bond Fund insufficiency. Amounts so withdrawn from the Reserve Fund shall be deposited in the Bond Fund.

If, after the foregoing transfers, there are insufficient funds in the Bond Fund to make the payments provided for in the first sentence of the first paragraph of this Section 4.05(B)(i), the Fiscal Agent shall apply the available funds first to the payment of interest on the Bonds, then to the payment of principal due on the Bonds other than by reason of sinking payments, and then to payment of principal due on the Bonds by reason of sinking payments. Each such payment shall be made ratably to the Owners of the Bonds based on the then Outstanding principal amount of the Bonds, if there are insufficient funds to make the corresponding payment for all of the then Outstanding Bonds. Any sinking payment not made as scheduled shall be added to the sinking payment to be made on the next sinking payment date.
(ii) Special Tax Prepayments Account Disbursements. Moneys in the Special Tax Prepayments Account shall be transferred by the Fiscal Agent to the Bond Fund on the next date for which notice of redemption of Bonds can timely be given under Section 2.03(A)(iii), and notice to the Fiscal Agent can timely be given under Section 2.03(B), and shall be used (together with any amounts transferred pursuant to Section 4.04(F)) to redeem Bonds on the redemption date selected in accordance with Section 2.03. (iii) Capitalized Interest Account Disbursements. Moneys in the Capitalized Interest Account shall be transferred to the Bond Fund on the Business Day prior to the Interest Payment Dates and in the amounts set forth in the below table. Following the last of such transfers, any remaining amounts on deposit in the Capitalized Interest Account shall be transferred to the Bond Fund and the Capitalized Interest Account shall be closed.

Date Amount
March 1, 2026
September 1, 2026
March 1, 2027
27 4897-1327-624 1 v7/20103 3 -0003

(C) Investment. Moneys in the Bond Fund, the Special Tax Prepayments Account and the Capitalized Interest Account shall be invested and deposited in accordance with Section 6.01.

Interest earnings and profits resulting from the investment and deposit of amounts in the Bond Fund, the Special Tax Prepayments Account and the Capitalized Interest Account shall be retained in the Bond Fund, the Special Tax Prepayments Account and the Capitalized Interest Account, respectively, to be used for purposes of such fund and accounts.

Section 4.06. Special Tax Fund.
(A) Establishment of Special Tax Fund. There is hereby established as a separate fund to be held by the Fiscal Agent, the Temecula Public Financing Authority Community Facilities District No. 23-02 (Prado) Special Tax Fund (the "Special Tax Fund"). The Authority shall transfer or cause to be transferred to the Fiscal Agent, as soon as practicable following receipt, all Special Tax Revenues received by the Authority, which amounts shall be deposited by the Fiscal Agent to the Special Tax Fund. In addition, the Fiscal Agent shall deposit in the Special Tax Fund amounts to be transferred thereto pursuant to Section 4.07(B) hereof.

Notwithstanding the foregoing,
(i) the first Special Tax Revenues collected by the Authority in any Fiscal Year, in an amount equal to the portion of such Fiscal Year's Special Tax levy for Administrative Expenses (but not to exceed, the Priority Administrative Expenses Amount for such Fiscal Year) shall be separately identified by the Treasurer and, shall be deposited by the Treasurer in the Administrative Expense Fund;
(ii) any Special Tax Revenues constituting the collection of delinquencies in payment of Special Taxes shall be separately identified by the Treasurer and shall be deposited by the Fiscal Agent first, in the Bond Fund to the extent needed to pay any past due debt service on the Bonds; second, to the Reserve Fund to the extent needed to increase the amount then on deposit in the Reserve Fund up to the then Reserve Requirement, and third, to the Special Tax Fund for use as described in Section 4.06(B) below; (iii) any proceeds of Special Tax Prepayments shall be transferred by the Treasurer to the Fiscal Agent for deposit by the Fiscal Agent (as specified in writing by the Treasurer to the Fiscal Agent) directly in the Special Tax Prepayments Account established pursuant to Section 4.05(A);
(iv) any Special Tax Revenues constituting the portion, if any, of the Special Tax A Requirement (as defined in the Rate and Method of Apportionment), that is to pay directly for the acquisition or construction of any portion of the Project shall be separately identified by the Authority and shall be deposited by the Fiscal Agent in the Acquisition Account of the Improvement Fund so long as the Acquisition Account of the Improvement Fund has not theretofore been closed pursuant to Section 4.02(D), and if the Acquisition Account of the Improvement Fund has been closed, then such amount shall be retained by the Authority to be used to pay Project costs; and
(v) from time to time amounts may be transferred from the Special Tax Fund to the Rebate Account to satisfy the Authority's obligations under Section 4.08. 28 4897-1327-624 1 v7/20103 3 -0003

Moneys in the Special Tax Fund shall be held by the Fiscal Agent for the benefit of the Authority and the Owners of the Bonds, shall be disbursed as provided below and, pending disbursement, shall be subject to a lien in favor of the Owners of the Bonds and the Authority. (B) Disbursements. On each Interest Payment Date, the Fiscal Agent shall withdraw from the Special Tax Fund and transfer the following amounts in the following order of priority (i) to the Bond Fund an amount, taking into account any amounts then on deposit in the Bond Fund and any expected transfers from the Capitalized Interest Account, the accounts within the Improvement Fund, the Reserve Fund and the Special Tax Prepayments Account to the Bond Fund pursuant to Sections 4.02(D), 4.04(D), (E), and (F), and 4.05(B)(ii) and (iii), such that the amount in the Bond Fund equals the principal (including any sinking payment), premium, if any, and interest due on the Bonds on such Interest Payment Date, and (ii) to the Reserve Fund an amount, taking into account amounts then on deposit in the Reserve Fund, such that the amount in the Reserve Fund is equal to the Reserve Requirement.

In addition to the foregoing, if in any Fiscal Year there are sufficient funds in the Special Tax Fund to make the foregoing transfers to the Bond Fund and the Reserve Fund in respect of the Interest Payment Dates occurring in the Bond Year that commences in such Fiscal Year, the Treasurer may transfer any amount in the Special Tax Fund in excess of the amount needed to make such transfers to the Bond Fund and the Reserve Fund (i) to the Administrative Expense Fund, from time to time, if monies are needed to pay Administrative Expenses in excess of the amount then on deposit in the Administrative Expense Fund; (ii) to such other fund or account established to pay debt service on or administrative expenses with respect to any bonds or other debt secured by a pledge of Special Tax Revenues subordinate to the pledge thereof under Section 3.02 of this Agreement; or (iii) to such other fund or account established by the Authority to be used for any lawful purpose under the Act and otherwise in accordance with the provisions of the Rate and Method of Apportionment of Special Taxes.
(C) Investment. Moneys in the Special Tax Fund shall be invested and deposited in accordance with Section 6.01. Interest earnings and profits resulting from such investment and deposit shall be retained in the Special Tax Fund to be used for the purposes thereof.

Section 4.07. Administrative Expense Fund.
(A) Establishment of Administrative Expense Fund. There is hereby established as a separate fund to be held by the Treasurer, the Temecula Public Financing Authority Community Facilities District No. 23-02 (Prado) Administrative Expense Fund (the "Administrative Expense Fund"), to the credit of which deposits shall be made as required by Sections 4.01(C) and 4.03(B), Section 4.06(A)(ii), and clause (1) of the second paragraph of Section 4.06(B). Moneys in the Administrative Expense Fund shall be held by the Treasurer for the benefit of the Authority, and shall be disbursed as provided below.
(B) Disbursement. Amounts in the Administrative Expense Fund shall be withdrawn by the Treasurer and paid to the Authority or its order upon receipt by the Treasurer of an Officer's Certificate stating the amount to be withdrawn, that such amount is to be used to pay an Administrative Expense or Costs of Issuance, and the nature of such Administrative Expense or Costs of Issuance. Amounts transferred from the Costs of Issuance Fund to the Administrative Expense Fund pursuant to Section 4.03(B) shall be separately identified at all times, and shall be expended for 29 4897-1327-624 1 v7/20103 3 -0003

purposes of the Administrative Expense Fund prior to the use of amounts transferred to the Administrative Expense Fund from the Special Tax Fund pursuant to Section 4.06(B).

Annually, on the last day of each Fiscal Year, the Treasurer shall withdraw any amounts then remaining in the Administrative Expense Fund in excess of $30,000.00 that have not otherwise been allocated to pay Administrative Expenses incurred but not yet paid, and which are not otherwise encumbered, and transfer such amounts to the Fiscal Agent for deposit by the Fiscal Agent in the Special Tax Fund.
(C) Investment. Moneys in the Administrative Expense Fund shall be invested and deposited in accordance with Section 6.01. Interest earnings and profits resulting from said investment shall be retained by the Treasurer in the Administrative Expense Fund to be used for the purposes thereof.

Section 4.08. Rebate Fund.
(A) Establishment of Rebate Fund and Rebate Account. There is hereby established as a separate fund to be held by the Fiscal Agent the Temecula Public Financing Authority Community Facilities District No. 23-02 (Prado) Rebate Fund (the "Rebate Fund") and an account referred to as the "Rebate Account" to be maintained therein. All money at any time deposited in the Rebate Account of the Rebate Fund shall be held by the Fiscal Agent in trust, for payment to the United States Treasury.

All amounts on deposit in the Rebate Fund with respect to the Bonds or an issue of Parity Bonds shall be governed by this Section and the Tax Certificate, unless the District delivers to the Fiscal Agent an opinion of Bond Counsel that the exclusion from gross income for federal income tax purposes of interest payments on the Bonds and Parity Bonds will not be adversely affected if such requirements are not satisfied. The Fiscal Agent shall not be responsible for calculating rebatable arbitrage or for the adequacy or correctness or any rebate report or rebate calculations. The Fiscal Agent shall be deemed conclusively to have complied with the Tax Certificate and the provisions of this Fiscal Agent Agreement regarding calculation and payment of the rebatable arbitrage if the Fiscal Agent follows the directions of the District and the Fiscal Agent shall have no independent duty to review such calculations or enforce the compliance with such rebate requirements. (I) Rebate Account. The following requirements shall be satisfied with respect to each subaccount of the Rebate Account:
(i) Annual Computation. Within 55 days of the end of
each Bond Year, the District shall calculate or cause to be calculated the amount of rebatable arbitrage for the Bonds and each issue of Parity Bonds in accordance with Section 148(f)(2) of the Code and Section 1.148-3 of the Rebate Regulations (taking into account any applicable exceptions with respect to the computation of the rebatable arbitrage described in the Tax Certificate for each issue (e.g., the temporary investments exceptions of Section 148(f)(4)(B) and (C) of the Code), and taking into account whether the election pursuant to Section 148(f)(4)(C)(vii) of the Code (the "11/2% Penalty") has been made), for this purpose treating the last day of the applicable Bond Year as a computation date, within the meaning of Section 1.148-1(b) of the Rebate Regulations (the "Rebatable Arbitrage").

The District shall obtain expert advice as to the amount of the Rebatable Arbitrage to comply with this Section.
(ii) Annual Transfer. Within 55 days of the end of each Bond Year for which Rebatable Arbitrage must be calculated as required by the Tax Certificate the 30 4897-1327-624 1 v7/20103 3 -0003

District shall transfer to the Fiscal Agent an amount to be deposited in the Rebate Account if and to the extent required, so that the balance in the Rebate Account shall equal the amount of Rebatable Arbitrage so calculated by or on behalf of the District in accordance with (i) of this Subsection (A)(1) with respect to the Bonds and each issue of Parity Bonds to which this Section is applicable. In the event that immediately following any transfer required by the previous sentence, or the date on which the District determines that no transfer is required for such Bond Year, the amount then on deposit in the Rebate Account exceeds the amount required to be on deposit therein, the Fiscal Agent shall withdraw the excess from the Rebate Account and then credit the excess to the Administrative Expense Fund.
(iii) Payment to the Treasury. The District shall direct the Fiscal Agent to pay to the United States Treasury out of amounts in the Rebate Account, (X) Not later than 60 days after the end of (A) the
fifth Bond Year for the Bonds and each issue of Parity Bonds to which this Section is applicable, and (B) each applicable fifth Bond Year thereafter, an amount equal to at least 90% of the Rebatable Arbitrage calculated as of the end of such Bond Year for the Bonds and each issue of Parity Bonds; and
(Y) Not later than 60 days after the payment or
redemption of all of the Bonds or an issue of Parity Bonds, an amount equal to 100% of the Rebatable Arbitrage calculated as of the end of such applicable Bond Year, and any income attributable to the Rebatable Arbitrage, computed in accordance with Section 148(f) of the Code.

In the event that, prior to the time of any payment required to be made from the Rebate Account, the amount in the Rebate Account is not sufficient to make such payment when such payment is due, the District shall calculate or cause to be calculated the amount of such deficiency and deposit an amount received from any legally available source equal to such deficiency prior to the time such payment is due. Each payment required to be made pursuant to this Subsection (A)(1) shall be made to the Internal Revenue Service Center, Ogden, Utah 84201 on or before the date on which such payment is due, and shall be accompanied by Internal Revenue Service Form 8038-T, as completed and signed by the District and delivered to the Fiscal Agent, or shall be made in such other manner as provided under the Code.
(B) Disposition of Unexpended Funds. Any funds remaining in the accounts of the Rebate Fund after redemption and payment of the Bonds or an issue of Parity Bonds and after making the payments described in Subsection (A)(1)(iii) may be withdrawn by the District and utilized in any manner by the District.
(C) Survival of Defeasance and Final Payment. Notwithstanding anything in this Section or this Fiscal Agent Agreement to the contrary, the obligation to comply with the requirements of this Section shall survive the defeasance and final payment of the Bonds and any Parity Bonds with respect to which an account has been created in the Rebate Fund. (D) Amendment Without Consent of Owners. This Section may be deleted or amended in any manner without the consent of the Owners, provided that prior to such event there is delivered to the District and the Fiscal Agent an opinion of Bond Counsel to the effect that such deletion or amendment will not adversely affect the exclusion from gross income for federal income tax purposes of interest on the Bonds and any issue of Parity Bonds issued on a tax-exempt basis. 31 4897-1327-624 1 v7/20103 3 -0003

(E) Investment. Moneys in the Rebate Fund shall be invested and deposited in accordance with Section 6.01. Interest earnings and profits resulting from such investment and deposit shall be retained in the Rebate Fund to be used for the purposes thereof.

ARTICLE V

OTHER COVENANTS OF THE AUTHORITY
Section 5.01. Punctual Payment. The Authority will punctually pay or cause to be paid the principal of, and interest and any premium on, the Bonds when and as due in strict conformity with the terms of this Agreement and any Supplemental Agreement, and it will faithfully observe and perform all of the conditions, covenants and requirements of this Agreement and all Supplemental Agreements and of the Bonds.

Section 5.02. Limited Obligation. The Bonds are limited obligations of the Authority on behalf of the District and are payable solely from and secured solely by the Special Tax Revenues and the amounts in the Bond Fund (including the Capitalized Interest Account and the Special Tax Prepayments Account therein), the Reserve Fund and, until disbursed as provided herein, the Special Tax Fund.

Section 5.03. Extension of Time for Payment. In order to prevent any accumulation of claims for interest after maturity, the Authority shall not, directly or indirectly, extend or consent to the extension of the time for the payment of any claim for interest on any of the Bonds and shall not, directly or indirectly, be a parry to the approval of any such arrangement by purchasing or funding said claims for interest or in any other manner. In case any such claim for interest shall be extended or funded, whether or not with the consent of the Authority, such claim for interest so extended or funded shall not be entitled, in case of default hereunder, to the benefits of this Agreement, except subject to the prior payment in full of the principal of all of the Bonds then Outstanding and of all claims for interest which shall not have so extended or funded.

Section 5.04. Against Encumbrances. The Authority will not encumber, pledge or place any charge or lien upon any of the Special Tax Revenues or other amounts pledged to the Bonds superior to or on a parity with the pledge and lien herein created for the benefit of the Bonds, except as permitted by this Agreement.

Section 5.05. Books and Records. The Authority will keep, or cause to be kept, proper books of record and accounts, separate from all other records and accounts of the Authority, in which complete and correct entries shall be made of all transactions relating to the expenditure of amounts disbursed from the Administrative Expense Fund and to the Special Tax Revenues. Such books of record and accounts shall at all times during business hours be subject to the inspection of the Fiscal Agent and the Owners of not less than ten percent (10%) of the principal amount of the Bonds then Outstanding, or their representatives duly authorized in writing.

Section 5.06. Protection of Security and Rights of Owners. The Authority will preserve and protect the security of the Bonds and the rights of the Owners, and will warrant and defend their rights against all claims and demands of all persons. From and after the delivery of any of the Bonds by the Authority, the Bonds shall be incontestable by the Authority.

Section 5.07. Compliance with Act. The Authority will comply with all applicable provisions of the Act and law in administering the District; provided that the Authority shall have no 32 4897-1327-624 1 v7/20103 3 -0003

obligation to advance any of its own funds for any purpose whatsoever under this Agreement or otherwise with respect to the Bonds.

Section 5.08. Collection of Special Tax Revenues. The Authority shall comply with all requirements of the Act so as to assure the timely collection of Special Tax Revenues, including without limitation, the enforcement of delinquent Special Taxes.

On or within five (5) Business Days of each June 1, the Fiscal Agent shall provide the Treasurer with a notice stating the amount then on deposit in the Bond Fund (including any amounts in the Capitalized Interest Account or the Special Tax Prepayments Account therein) and the Reserve Fund, and informing the Authority that the Special Taxes may need to be levied pursuant to the Ordinance as necessary to provide for the debt service to become due on the Bonds in the calendar year that commences in the Fiscal Year for which the levy is to be made, and Administrative Expenses and replenishment (if necessary) of the Reserve Fund so that the balance therein equals the Reserve Requirement. The receipt of or failure to receive such notice by the Treasurer shall in no way affect the obligations of the Treasurer under the following two paragraphs. Upon receipt of such notice, the Treasurer shall communicate with the Auditor to ascertain the relevant parcels on which the Special Taxes are to be levied, taking into account any parcel splits during the preceding and then current year.

The Treasurer shall effect the levy of the Special Taxes each Fiscal Year in accordance with the Ordinance by each July 15 that the Bonds are outstanding, or otherwise such that the computation of the levy is complete before the final date on which the Auditor will accept the transmission of the Special Tax amounts for the parcels within the District for inclusion on the next real property tax roll.

Upon the completion of the computation of the amounts of the levy, the Treasurer shall prepare or cause to be prepared, and shall transmit to the Auditor, such data as the Auditor requires to include the levy of the Special Taxes on the next real property tax roll.

The Treasurer shall fix and levy the amount of Special Taxes within the District required for the payment of principal of and interest on any outstanding Bonds of the District becoming due and payable during the ensuing year, including any necessary replenishment or expenditure of the Reserve Fund for the Bonds and an amount estimated to be sufficient to pay the Administrative Expenses (including amounts necessary to discharge any obligation under Section 4.08) during such year, taking into account the balances in such funds and in the Special Tax Fund. The Special Taxes so levied shall not exceed the maximum amounts as provided in the Rate and Method of Apportionment of Special Taxes.

The Special Taxes, when levied, shall be payable and be collected in the same manner and at the same time and in the same installments as the general taxes on real property are payable, and have the same priority, become delinquent at the same time and in the same proportionate amounts and bear the same proportionate penalties and interest after delinquency as do the ad valorem taxes on real property; provided that, pursuant to and in accordance with the Ordinance, the Special Taxes may be collected by means of direct billing of the property owners within the District, in which event the Special Taxes shall become delinquent if not paid when due pursuant to said billing.

Section 5.09. Covenant to Foreclose. Pursuant to Section 53356.1 of the Act, the Authority hereby covenants with and for the benefit of the Owners of the Bonds that it will order, and cause to be commenced as hereinafter provided, and thereafter diligently prosecute to judgment (unless such delinquency is theretofore brought current), an action in the superior court to foreclose the lien of any Special Tax or installment thereof not paid when due as provided in the following paragraph. The 33 4897-1327-624 1 v7/20103 3 -0003

Treasurer shall notify the Authority Attorney of any such delinquency of which the Treasurer is aware, and the Authority Attorney shall commence, or cause to be commenced, such proceedings.

On or about June 15 of each Fiscal Year, the Treasurer shall compare the amount of Special Taxes theretofore levied in the District to the amount of Special Tax Revenues theretofore received by the Authority, and:
(A) Individual Delinquencies. If, as of any June 15, the Treasurer determines that any single parcel subject to the Special Tax A in the District is delinquent in the payment of Special Taxes in the aggregate amount of $7,500.00 or more, then the Treasurer shall promptly send or cause to be sent a notice of delinquency (and a demand for immediate payment thereof) to the property owner, and (if the delinquency remains uncured) foreclosure proceedings shall be commenced by the Authority within 90 days after the notice of delinquency has been sent. (B) Aggregate Delinquencies. If the Treasurer determines that, as of any June 15, the total amount of delinquent Special Tax for the then current Fiscal Year for the entire District (including the total of delinquencies under subsection (A) above), exceeds 5% of the total Special Tax due and payable for the then current Fiscal Year, the Treasurer shall promptly notify or cause to be notified property owners who are then delinquent in the payment of Special Tax A (and demand immediate payment of the delinquency), and the Authority shall commence foreclosure proceedings within 90 days after the notices of delinquency have been sent.

Notwithstanding the foregoing, the Treasurer may defer any mailing of notices of delinquency or foreclosure action if (i) the amount in the Reserve Fund is at least equal to the Reserve Requirement, and (ii) the amounts then on deposit in the Special Tax Fund and the Bond Fund are sufficient to pay the scheduled debt service due on the Bonds on the succeeding September 1 and March 1 without the need for any draw on the Reserve Fund.

The Treasurer and the Authority Attorney, as applicable, are hereby authorized to employ counsel to conduct any such foreclosure proceedings. The fees and expenses of any such counsel (including a charge for Authority staff time) in conducting foreclosure proceedings shall be an Administrative Expense hereunder.

Section 5.10. Further Assurances. The Authority will adopt, make, execute and deliver any and all such further resolutions, instruments and assurances as may be reasonably necessary or proper to carry out the intention or to facilitate the performance of this Agreement, and for the better assuring and confirming unto the Owners of the rights and benefits provided in this Agreement.

Section 5.11. Continuing Disclosure to Owners. In addition to its obligations under Section 9.07, the Authority hereby covenants and agrees that it will comply with and carry out all of the provisions of the Continuing Disclosure Agreement. Notwithstanding any other provision of this Agreement, failure of the Authority to comply with the Continuing Disclosure Agreement shall not be considered a default hereunder; however, any Participating Underwriter or any holder or Beneficial Owner (as defined in Section 2.13) of the Bonds may take such actions as may be necessary and appropriate to compel performance by the Authority of its obligations thereunder, including seeking mandate or specific performance by court order.

Section 5.12. Federal Tax Covenants. Notwithstanding any other provision of this Fiscal Agent Agreement, absent an opinion of Bond Counsel that the exclusion from gross income of interest 34 4897-1327-624 1 v7/20103 3 -0003

on the Bonds and any Parity Bonds issued on a tax-exempt basis for federal income tax purposes will not be adversely affected for federal income tax purposes, the District covenants to comply with all applicable requirements of the Code necessary to preserve such exclusion from gross income and specifically covenants, without limiting the generality of the foregoing, as follows:
(A) Private Activity. The Authority will take no action or refrain from taking any action or make any use of the proceeds of the Bonds or of any other moneys or property which would cause the Bonds and any Parity Bonds issued on a tax-exempt basis for federal income tax purposes to be "private activity bonds" within the meaning of Section 141 of the Code; (B) Arbitrage. The Authority will make no use of the proceeds of the Bonds or of any other amounts or property, regardless of the source, or take any action or refrain from taking any action which will cause the Bonds to be "arbitrage bonds" within the meaning of Section 148 of the Code;
(C) Federal Guaranty. The Authority will make no use of the proceeds of the Bonds or any Parity Bonds to be "federally guaranteed" within the meaning of Section 149(b) of the Code;
(D) Information Reporting. The Authority will take or cause to be taken all necessary action to comply with the informational reporting requirement of Section 149(e) of the Code; (E) Hedge Bonds. The Authority will make no use of the proceeds of the Bonds or any Parity Bonds or any other amounts or property, regardless of the source, or take any action or refrain from taking any action that would cause the Bonds or any Parity Bonds to be considered "hedge bonds" within the meaning of Section 149(g) of the Code unless the Authority takes all necessary action to assure compliance with the requirements of Section 149(g) of the Code to maintain the exclusion from gross income for federal income tax purposes of interest on the Bonds and any applicable Parity Bonds;
(F) Miscellaneous. The Authority will take no action or refrain from taking any action inconsistent with the expectations stated in the Tax Certificate in connection with the Bonds and any issue of Parity Bonds and will comply with the covenants and requirements stated therein and incorporated by reference herein; and
(G) Other Tax -Exempt Issues. The Authority will not use proceeds of other tax exempt securities to redeem any Bonds without first obtaining the written opinion of Bond Counsel that doing so will not impair the exclusion from gross income for federal income tax purposes of interest on the Bonds and any Parity Bonds issued on a tax-exempt basis..

Section 5.13. Reduction of Special Taxes. The Authority covenants and agrees to not consent or conduct proceedings with respect to a reduction in the maximum Special Taxes that may be levied in the District on Developed Property (as defined in the Rate and Method of Apportionment of Special Taxes) below an amount, for any Fiscal Year, equal to 110% of the aggregate of the Debt Service due on the Bonds in such Fiscal Year, plus a reasonable estimate of Administrative Expenses for such Fiscal Year. It is hereby acknowledged that Bondowners are purchasing the Bonds in reliance on the foregoing covenant, and that said covenant is necessary to assure the full and timely payment of the Bonds.
35 4897-1327-624 1 v7/20103 3 -0003

Section 5.14. Limits on Special Tax Waivers and Bond Tenders. The Authority covenants not to exercise its rights under the Act to waive delinquency and redemption penalties related to the Special Taxes or to declare any Special Tax penalties amnesty program if to do so would materially and adversely affect the interests of the owners of the Bonds and further covenants not to permit the tender of Bonds in payment of any Special Taxes except upon receipt of a certificate of an Independent Financial Consultant that to accept such tender will not result in the Authority having insufficient Special Tax Revenues to pay the principal of and interest on the Bonds remaining Outstanding following such tender.

Section 5.15. No Additional Bonds. Except as expressly permitted by Section 2.14 hereof, the Authority shall not issue any additional bonds secured by (A) a pledge of Special Taxes on a parity with or senior to the pledge thereof under Section 3.02 hereof, or (B) any amounts in any funds or accounts established hereunder.

Section 5.16. Authority Bid at Foreclosure Sale. The Authority will not bid at a foreclosure sale of property in respect of delinquent Special Taxes unless it expressly agrees to take the property subject to the lien for Special Taxes imposed by the District and that the Special Taxes levied on the property are payable while the Authority owns the property.

ARTICLE VI

INVESTMENTS, DISPOSITION OF INVESTMENT PROCEEDS, LIABILITY OF THE

AUTHORITY
Section 6.01. Deposit and Investment of Moneys in Funds. Moneys in any fund or account created or established by this Agreement and held by the Fiscal Agent shall be invested by the Fiscal Agent in Permitted Investments, as directed pursuant to an Officer's Certificate filed with the Fiscal Agent at least two (2) Business Days in advance of the making of such investments. In the absence of any such Officer's Certificate, the Fiscal Agent shall invest, to the extent reasonably practicable, any such moneys in Permitted Investments described in clause (h) of the definition thereof in Section 1.03; provided, however, that any such investment shall be made by the Fiscal Agent only if, prior to the date on which such investment is to be made, the Fiscal Agent shall have received an Officer's Certificate specifying a specific money market fund into which the funds shall be invested and, if no such Officer's Certificate is so received, the Fiscal Agent shall hold such moneys uninvested. The Treasurer shall make note of any investment of funds hereunder in excess of the yield on the Bonds, so that appropriate actions can be taken to assure compliance with Section 4.08.

Moneys in any fund or account created or established by this Agreement and held by the Treasurer shall be invested by the Treasurer in any Permitted Investment, which in any event by its terms matures prior to the date on which such moneys are required to be paid out hereunder.

Obligations purchased as an investment of moneys in any fund shall be deemed to be part of such fund or account, subject, however, to the requirements of this Agreement for transfer of interest earnings and profits resulting from investment of amounts in funds and accounts. Whenever in this Agreement any moneys are required to be transferred by the Authority to the Fiscal Agent, such transfer may be accomplished by transferring a like amount of Permitted Investments.

The Fiscal Agent and its affiliates or the Treasurer may act as sponsor, advisor, depository, principal or agent in the acquisition or disposition of any investment. Neither the Fiscal Agent nor the Treasurer shall incur any liability for losses arising from any investments made pursuant to this Section.

The Fiscal Agent shall not be required to determine the legality of any investments. 36 4897-1327-624 1 v7/20103 3 -0003

Except as otherwise provided in the next sentence, all investments of amounts deposited in any fund or account created by or pursuant to this Agreement, or otherwise containing gross proceeds of the Bonds (within the meaning of section 148 of the Code) shall be acquired, disposed of, and valued (as of the date that valuation is required by this Agreement or the Code) at Fair Market Value. The Fiscal Agent shall have no duty in connection with the determination of Fair Market Value other than to follow the investment direction of an Authorized Officer in any written direction of any Authorized Officer. Investments in funds or accounts (or portions thereof) that are subject to a yield restriction under the applicable provisions of the Code and (unless valuation is undertaken at least annually) investments in the subaccounts within the Reserve Fund shall be valued at their present value (within the meaning of section 148 of the Code). The Fiscal Agent shall not be liable for verification of the application of such sections of the Code.

Investments in any and all funds and accounts may be commingled in a separate fund or funds for purposes of making, holding and disposing of investments, notwithstanding provisions herein for transfer to or holding in or to the credit of particular funds or accounts of amounts received or held by the Fiscal Agent or the Treasurer hereunder, provided that the Fiscal Agent or the Treasurer, as applicable, shall at all times account for such investments strictly in accordance with the funds and accounts to which they are credited and otherwise as provided in this Agreement.

The Fiscal Agent or the Treasurer, as applicable, shall sell at Fair Market Value, or present for redemption, any investment security whenever it shall be necessary to provide moneys to meet any required payment, transfer, withdrawal or disbursement from the fund or account to which such investment security is credited and neither the Fiscal Agent nor the Treasurer shall be liable or responsible for any loss resulting from the acquisition or disposition of such investment security in accordance herewith.

The Authority acknowledges that to the extent regulations of the Comptroller of the Currency or other applicable regulatory entity grant the Authority the right to receive brokerage confirmations of security transactions as they occur, the Authority specifically waives receipt of such confirmations to the extent permitted by law. The Fiscal Agent will furnish the Authority periodic cash transaction statements which include detail for all investment transactions made by the Fiscal Agent hereunder.

Section 6.02. Limited Obligation. The Authority's obligations hereunder are limited obligations of the Authority on behalf of the District and are payable solely from and secured solely by the Special Tax Revenues and the amounts in the Special Tax Fund, the Bond Fund (including the Capitalized Interest Account and the Special Tax Prepayments Account therein) and the Reserve Fund created hereunder.

Section 6.03. Liability of Authority. The Authority shall not incur any responsibility in respect of the Bonds or this Agreement other than in connection with the duties or obligations explicitly herein or in the Bonds assigned to or imposed upon it. The Authority shall not be liable in connection with the performance of its duties hereunder, except for its own negligence or willful default. The Authority shall not be bound to ascertain or inquire as to the performance or observance of any of the terms, conditions covenants or agreements of the Fiscal Agent herein or of any of the documents executed by the Fiscal Agent in connection with the Bonds, or as to the existence of a default or event of default thereunder.

In the absence of bad faith, the Authority, including the Treasurer, may conclusively rely, as to the truth of the statements and the correctness of the opinions expressed therein, upon certificates or 37 4897-1327-624 1 v7/20103 3 -0003

opinions furnished to the Authority and conforming to the requirements of this Agreement. The Authority, including the Treasurer, shall not be liable for any error of judgment made in good faith unless it shall be proved that it was negligent in ascertaining the pertinent facts.

No provision of this Agreement shall require the Authority to expend or risk its own general funds or otherwise incur any financial liability (other than with respect to the Special Tax Revenues) in the performance of any of its obligations hereunder, or in the exercise of any of its rights or powers, if it shall have reasonable grounds for believing that repayment of such funds or adequate indemnity against such risk or liability is not reasonably assured to it.

The Authority and the Treasurer may rely and shall be protected in acting or refraining from acting upon any notice, resolution, request, consent, order, certificate, report, warrant, bond or other paper or document believed by it to be genuine and to have been signed or presented by the proper party or proper parties. The Authority may consult with counsel, who may be the Authority Attorney, with regard to legal questions, and the opinion of such counsel shall be full and complete authorization and protection in respect of any action taken or suffered by it hereunder in good faith and in accordance therewith.

The Authority shall not be bound to recognize any person as the Owner of a Bond unless and until such Bond is submitted for inspection, if required, and his title thereto satisfactorily established, if disputed.

Whenever in the administration of its duties under this Agreement the Authority or the Treasurer shall deem it necessary or desirable that a matter be proved or established prior to taking or suffering any action hereunder, such matter (unless other evidence in respect thereof be herein specifically prescribed) may, in the absence of willful misconduct on the part of the Authority, be deemed to be conclusively proved and established by a certificate of the Fiscal Agent, an Independent Financial Consultant or a Tax Consultant, and such certificate shall be full warrant to the Authority and the Treasurer for any action taken or suffered under the provisions of this Agreement or any Supplemental Agreement upon the faith thereof, but in its discretion the Authority or the Treasurer may, in lieu thereof, accept other evidence of such matter or may require such additional evidence as to it may seem reasonable.

Section 6.04. Employment of Agents by Authority. In order to perform its duties and obligations hereunder, the Authority and/or the Treasurer may employ such persons or entities as it deems necessary or advisable. The Authority shall not be liable for any of the acts or omissions of such persons or entities employed by it in good faith hereunder, and shall be entitled to rely, and shall be fully protected in doing so, upon the opinions, calculations, determinations and directions of such persons or entities.

ARTICLE VII

THE FISCAL AGENT
Section 7.01. Appointment of Fiscal Agent. U.S. Bank Trust Company, National Association is hereby appointed Fiscal Agent and paying agent for the Bonds. The Fiscal Agent undertakes to perform such duties, and only such duties, as are specifically set forth in this Agreement, and no implied covenants or obligations shall be read into this Agreement against the Fiscal Agent.

The permissive rights of the Fiscal Agent to do things enumerated in this Agreement shall not be 38 4897-1327-624 1 v7/20103 3 -0003

construed as a duty and, with respect to such permissive rights, the Fiscal Agent shall not be answerable for other than its negligence or willful misconduct.

Any company into which the Fiscal Agent may be merged or converted or with which it may be consolidated or any company resulting from any merger, conversion or consolidation to which it shall be a parry or any company to which the Fiscal Agent may sell or transfer all or substantially all of its corporate trust business, provided such company shall be eligible under the following paragraph of this Section, shall be the successor to such Fiscal Agent without the execution or filing of any paper or any further act, anything herein to the contrary notwithstanding. The Fiscal Agent shall give the Treasurer written notice of any such succession hereunder.

The Authority may at any time remove the Fiscal Agent initially appointed, and any successor thereto, and may appoint a successor or successors thereto, but any such successor shall be a bank, corporation or trust company having a combined capital (exclusive of borrowed capital) and surplus of at least Fifty Million Dollars ($50,000,000), and subject to supervision or examination by federal or state authority. If such bank, corporation or trust company publishes a report of condition at least annually, pursuant to law or to the requirements of any supervising or examining authority above referred to, then for the purposes of this Section 7.01, combined capital and surplus of such bank or trust company shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published.

The Fiscal Agent may at any time resign by giving written notice to the Authority and by giving to the Owners notice by mail of such resignation. Upon receiving notice of such resignation, the Authority shall promptly appoint a successor Fiscal Agent by an instrument in writing. Any resignation or removal of the Fiscal Agent shall become effective upon acceptance of appointment by the successor Fiscal Agent. Upon such acceptance, the successor Fiscal Agent shall be vested with all rights and powers of its predecessor hereunder without any further act.

If no appointment of a successor Fiscal Agent shall be made pursuant to the foregoing provisions of this Section within forty-five (45) days after the Fiscal Agent shall have given to the Authority written notice or after a vacancy in the office of the Fiscal Agent shall have occurred by reason of its inability to act, the Fiscal Agent or any Owner may apply to any court of competent jurisdiction to appoint a successor Fiscal Agent. Said court may thereupon, after such notice, if any, as such court may deem proper, appoint a successor Fiscal Agent.

If, by reason of the judgment of any court, or reasonable agency, the Fiscal Agent is rendered unable to perform its duties hereunder, all such duties and all of the rights and powers of the Fiscal Agent hereunder shall be assumed by and vest in the Treasurer of the Authority in trust for the benefit of the Owners. The Authority covenants for the direct benefit of the Owners that its Treasurer in such case shall be vested with all of the rights and powers of the Fiscal Agent hereunder, and shall assume all of the responsibilities and perform all of the duties of the Fiscal Agent hereunder, in trust for the benefit of the Owners of the Bonds. In such event, the Treasurer may designate a successor Fiscal Agent qualified to act as Fiscal Agent hereunder.

Section 7.02. Liability of Fiscal Agent. The recitals of facts, covenants and agreements herein and in the Bonds contained shall be taken as statements, covenants and agreements of the Authority, and the Fiscal Agent assumes no responsibility for the correctness of the same, or makes any representations as to the validity or sufficiency of this Agreement or of the Bonds, or shall incur any responsibility in respect thereof, other than in connection with the duties or obligations herein or 39 4897-1327-624 1 v7/20103 3 -0003

in the Bonds assigned to or imposed upon it. The Fiscal Agent shall not be liable in connection with the performance of its duties hereunder, except for its own negligence or willful default. The Fiscal Agent assumes no responsibility or liability for any information, statement or recital in any offering memorandum or other disclosure material prepared or distributed with respect to the issuance of the Bonds.

In the absence of bad faith, the Fiscal Agent may conclusively rely, as to the truth of the statements and the correctness of the opinions expressed therein, upon certificates or opinions furnished to the Fiscal Agent and conforming to the requirements of this Agreement; but in the case of any such certificates or opinions by which any provision hereof are specifically required to be furnished to the Fiscal Agent, the Fiscal Agent shall be under a duty to examine the same to determine whether or not they conform to the requirements of this Agreement. Except as provided above in this paragraph, Fiscal Agent shall be protected and shall incur no liability in acting or proceeding, or in not acting or not proceeding, in good faith, reasonably and in accordance with the terms of this Agreement, upon any resolution, order, notice, request, consent or waiver, certificate, statement, affidavit, or other paper or document which it shall in good faith reasonably believe to be genuine and to have been adopted or signed by the proper person or to have been prepared and furnished pursuant to any provision of this Agreement, and the Fiscal Agent shall not be under any duty to make any investigation or inquiry as to any statements contained or matters referred to in any such instrument.

The Fiscal Agent shall not be liable for any error of judgment made in good faith unless it shall be proved that the Fiscal Agent was negligent in ascertaining the pertinent facts.

No provision of this Agreement shall require the Fiscal Agent to expend or risk its own funds or otherwise incur any financial liability in the performance of any of its duties hereunder, or in the exercise of any of its rights or powers.

The Fiscal Agent shall be under no obligation to exercise any of the rights or powers vested in it by this Agreement at the request or direction of any of the Owners pursuant to this Agreement unless such Owners shall have offered to the Fiscal Agent reasonable security or indemnity against the costs, expenses and liabilities which might be incurred by it in compliance with such request or direction.

The Fiscal Agent may become the owner of the Bonds with the same rights it would have if it were not the Fiscal Agent.

The Fiscal Agent shall have no duty or obligation whatsoever to enforce the collection of Special Taxes or other funds to be deposited with it hereunder, or as to the correctness of any amounts received, and its liability shall be limited to the proper accounting for such funds as it shall actually receive.

The Fiscal Agent may consult with counsel, who may be counsel of or to the Authority, with regard to legal questions, and the opinion of such counsel shall be full and complete authorization and protection in respect of any action taken or suffered by it hereunder in good faith and in accordance therewith.

In order to perform its duties and obligations hereunder, the Fiscal Agent may employ such persons or entities as it deems necessary or advisable. The Fiscal Agent shall not be liable for any of the acts or omissions of such persons or entities employed by it in good faith hereunder, and shall be 40 4897-1327-624 1 v7/20103 3 -0003

entitled to rely, and shall be fully protected in doing so, upon the opinions, calculations, determinations and directions of such persons or entities.

Whether or not herein expressly provided, every provision of this Agreement relating to the conduct or affecting the liability of or affording protection to the Fiscal Agent shall be subject to the provisions of this Section 7.02, and extend to the directors, officers and employees of the Fiscal Agent.

The Fiscal Agent shall not be required to give any bonds or surety in respect of the execution of the duties created hereby or the powers granted hereunder.

The Fiscal Agent agrees to accept and act upon instructions or directions pursuant to this Agreement sent by unsecured e-mail, facsimile transmission or other similar unsecured electronic methods; provided, however, that the Fiscal Agent shall have received an incumbency certificate listing persons designated to give such instructions or directions and containing specimen signatures of such designated persons, which such incumbency certificate shall be amended and replaced whenever a person is to be added or deleted from the listing. If the Authority elects to give the Fiscal Agent e-mail or facsimile instructions (or instructions by a similar electronic method) and the Fiscal Agent in its discretion elects to act upon such instructions, the Fiscal Agent's reasonable understanding of such instructions shall be deemed controlling. The Fiscal Agent shall not be liable for any losses, costs or expenses arising directly or indirectly from the Fiscal Agent's reliance upon and compliance with such instructions notwithstanding such instructions conflict or are inconsistent with a subsequent written instruction. The Authority agrees to assume all risks arising out of the use of such electronic methods to submit instructions and directions to the Fiscal Agent, including without limitation the risk of interception and misuse by third parties.

The Fiscal Agent shall not be considered in breach of or in default in its obligations hereunder or progress in respect thereto in the event of enforced delay ("unavoidable delay") in the performance of such obligations due to unforeseeable causes beyond its control and without its fault or negligence, including, but not limited to, acts of god or of the public enemy or terrorists, acts of a government, fires, floods, epidemics, pandemics, quarantine restrictions, strikes, freight embargoes, earthquakes, explosion, mob violence, riot, inability to procure or general sabotage or rationing of labor, equipment, facilities, sources of energy, material or supplies in the open market, malicious mischief, condemnation, and unusually severe weather or delays of suppliers or subcontractors due to such causes or any similar event and/or occurrences beyond the control of the Fiscal Agent.

Section 7.03. Information. The Fiscal Agent shall provide to the Authority such information relating to the Bonds and the funds and accounts maintained by the Fiscal Agent hereunder as the Authority shall reasonably request, including but not limited to quarterly statements reporting funds held and transactions by the Fiscal Agent.

The Fiscal Agent will keep, or cause to be kept, proper books of record and accounts, separate from all other records and accounts of the Fiscal Agent, in which complete and correct entries shall be made of all transactions relating to the expenditure of amounts disbursed from the Bond Fund (including the Capitalized Interest Account and the Special Tax Prepayments Account therein), the Reserve Fund, the Special Tax Fund, the accounts within the Improvement Fund and the Costs of Issuance Fund. Such books of record and accounts shall at all times during business hours be subject to the inspection of the Authority and the Owners of not less than ten percent (10%) of the principal amount of the Bonds then Outstanding, or their representatives duly authorized in writing upon reasonable prior notice.
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Section 7.04. Notice to Fiscal Agent. The Fiscal Agent may rely and shall be protected in acting or refraining from acting upon any notice, resolution, request, consent, order, certificate, report, warrant, bond or other paper or document believed in good faith by it to be genuine and to have been signed or presented by the proper parry or proper parties.

The Fiscal Agent shall not be bound to recognize any person as the Owner of a Bond unless and until such Bond is submitted for inspection, if required, and his title thereto satisfactorily established, if disputed.

Whenever in the administration of its duties under this Agreement the Fiscal Agent shall deem it necessary or desirable that a matter be proved or established prior to taking or suffering any action hereunder, such matter (unless other evidence in respect thereof be herein specifically prescribed) may, in the absence of willful misconduct on the part of the Fiscal Agent, be deemed to be conclusively proved and established by an Officer's Certificate, and such certificate shall be full warrant to the Fiscal Agent for any action taken or suffered under the provisions of this Agreement or any Supplemental Agreement upon the faith thereof, but in its discretion the Fiscal Agent may, in lieu thereof, accept other evidence of such matter or may require such additional evidence as to it may seem reasonable.

Section 7.05. Compensation, Indemnification. The Authority shall pay to the Fiscal Agent from time to time reasonable compensation for all services rendered as Fiscal Agent under this Agreement, and also all reasonable expenses, charges, counsel fees and other disbursements, including those of their attorneys, agents and employees, incurred in and about the performance of their powers and duties under this Agreement, but the Fiscal Agent shall not have a lien therefor on any funds at any time held by it under this Agreement. The Authority further agrees, to the extent permitted by applicable law, to indemnify and save the Fiscal Agent, its officers, employees, directors and agents harmless against any costs, expenses, claims or liabilities whatsoever, including without limitation fees and expenses of its attorneys, which it may incur in the exercise and performance of its powers and duties hereunder which are not due to its negligence or willful misconduct. The obligation of the Authority under this Section shall survive resignation or removal of the Fiscal Agent under this Agreement and payment of the Bonds and discharge of this Agreement, but any monetary obligation of the Authority arising under this Section shall be limited solely to amounts on deposit in the Administrative Expense Fund.

ARTICLE VIII

MODIFICATION OR AMENDMENT OF THIS AGREEMENT
Section 8.01. Amendments Permitted. This Agreement and the rights and obligations of the Authority and of the Owners of the Bonds may be modified or amended at any time by a Supplemental Agreement pursuant to the affirmative vote at a meeting of Owners, or with the written consent without a meeting, of the Owners of at least sixty percent (60%) in aggregate principal amount of the Bonds then Outstanding, exclusive of Bonds disqualified as provided in Section 8.04. No such modification or amendment shall (i) extend the maturity of any Bond or reduce the interest rate thereon, or otherwise alter or impair the obligation of the Authority to pay the principal of, and the interest and any premium on, any Bond, without the express consent of the Owner of such Bond, or (ii) permit the creation by the Authority of any pledge or lien upon the Special Taxes superior to or on a parity with the pledge and lien created for the benefit of the Owners of the Bonds (except as otherwise permitted by the Act, the laws of the State of California or this Agreement), or (iii) reduce the percentage of 42 4897-1327-624 1 v7/20103 3 -0003

Bonds required for the amendment hereof. Any such amendment may not modify any of the rights or obligations of the Fiscal Agent without its written consent.

This Agreement and the rights and obligations of the Authority and of the Owners may also be modified or amended at any time by a Supplemental Agreement, without the consent of any Owners, only to the extent permitted by law and only for any one or more of the following purposes:
(A) to add to the covenants and agreements of the Authority in this Agreement contained, other covenants and agreements thereafter to be observed, or to limit or surrender any right or power herein reserved to or conferred upon the Authority; (B) to make modifications not adversely affecting any Outstanding series of Bonds of the Authority in any material respect;
(C) to make such provisions for the purpose of curing any ambiguity, or of curing, correcting or supplementing any defective provision contained in this Agreement, or in regard to questions arising under this Agreement, as the Authority or the Fiscal Agent may deem necessary or desirable and not inconsistent with this Agreement, and which shall not adversely affect the rights of the Owners of the Bonds;
(D) to make such additions, deletions or modifications as may be necessary or desirable to assure exemption from gross federal income taxation of interest on the Bonds; and (E) in connection with the issuance of Parity Bonds under and pursuant to Section 2.14.

The Fiscal Agent may in its discretion, but shall not be obligated to, enter into any such Supplemental Agreement authorized by this Section which materially adversely affects the Fiscal Agent's own rights, duties or immunities under this Fiscal Agent Agreement or otherwise with respect to the Bonds or any agreements related thereto.

Section 8.02. Owners' Meetings. The Authority may at any time call a meeting of the Owners. In such event the Authority is authorized to fix the time and place of said meeting and to provide for the giving of notice thereof, and to fix and adopt rules and regulations for the conduct of said meeting.

Section 8.03. Procedure for Amendment with Written Consent of Owners. The Authority and the Fiscal Agent may at any time adopt a Supplemental Agreement amending the provisions of the Bonds or of this Agreement or any Supplemental Agreement, to the extent that such amendment is permitted by Section 8.01, to take effect when and as provided in this Section. A copy of such Supplemental Agreement, together with a request to Owners for their consent thereto, shall be mailed by first class mail, by the Fiscal Agent to each Owner of Bonds Outstanding, but failure to mail copies of such Supplemental Agreement and request shall not affect the validity of the Supplemental Agreement when assented to as in this Section provided.

Such Supplemental Agreement shall not become effective unless there shall be filed with the Fiscal Agent the written consents of the Owners of at least sixty percent (60%) in aggregate principal amount of the Bonds then Outstanding (exclusive of Bonds disqualified as provided in Section 8.04) and a notice shall have been mailed as hereinafter in this Section provided. Each such consent shall 43 4897-1327-624 1 v7/20103 3 -0003

be effective only if accompanied by proof of ownership of the Bonds for which such consent is given, which proof shall be such as is permitted by Section 9.04. Any such consent shall be binding upon the Owner of the Bonds giving such consent and on any subsequent Owner (whether or not such subsequent Owner has notice thereof) unless such consent is revoked in writing by the Owner giving such consent or a subsequent Owner by filing such revocation with the Fiscal Agent prior to the date when the notice hereinafter in this Section provided for has been mailed.

After the Owners of the required percentage of Bonds shall have filed their consents to the Supplemental Agreement, the Authority shall mail a notice to the Owners in the manner hereinbefore provided in this Section for the mailing of the Supplemental Agreement, stating in substance that the Supplemental Agreement has been consented to by the Owners of the required percentage of Bonds and will be effective as provided in this Section (but failure to mail copies of said notice shall not affect the validity of the Supplemental Agreement or consents thereto). Proof of the mailing of such notice shall be filed with the Fiscal Agent. A record, consisting of the papers required by this Section 8.03 to be filed with the Fiscal Agent, shall be proof of the matters therein stated until the contrary is proved.

The Supplemental Agreement shall become effective upon the filing with the Fiscal Agent of the proof of mailing of such notice, and the Supplemental Agreement shall be deemed conclusively binding (except as otherwise hereinabove specifically provided in this Article) upon the Authority and the Owners of all Bonds at the expiration of sixty (60) days after such filing, except in the event of a final decree of a court of competent jurisdiction setting aside such consent in a legal action or equitable proceeding for such purpose commenced within such sixty-day period.

Section 8.04. Disqualified Bonds. Bonds owned or held for the account of the Authority, excepting any pension or retirement fund, shall not be deemed Outstanding for the purpose of any vote, consent or other action or any calculation of Outstanding Bonds provided for in this Article VIII, and shall not be entitled to vote upon, consent to, or take any other action provided for in this Article VIII; provided, however, that the Fiscal Agent shall not be deemed to have knowledge that any Bond is owned or held by the Authority unless the Authority is the registered Owner or the Fiscal Agent has received written notice that any other registered Owner is an Owner for the account of the Authority.

Section 8.05. Effect of Supplemental Agreement. From and after the time any Supplemental Agreement becomes effective pursuant to this Article VIII, this Agreement shall be deemed to be modified and amended in accordance therewith, the respective rights, duties and obligations under this Agreement of the Authority and all Owners of Bonds Outstanding shall thereafter be determined, exercised and enforced hereunder subject in all respects to such modifications and amendments, and all the terms and conditions of any such Supplemental Agreement shall be deemed to be part of the terms and conditions of this Agreement for any and all purposes.

Section 8.06. Endorsement or Replacement of Bonds Issued After Amendments. The Authority may determine that Bonds issued and delivered after the effective date of any action taken as provided in this Article VIII shall bear a notation, by endorsement or otherwise, in form approved by the Authority, as to such action. In that case, upon demand of the Owner of any Bond Outstanding at such effective date and presentation of his Bond for that purpose at the Principal Office of the Fiscal Agent or at such other office as the Authority may select and designate for that purpose, a suitable notation shall be made on such Bond. The Authority may determine that new Bonds, so modified as in the opinion of the Authority is necessary to conform to such Owners' action, shall be prepared, executed and delivered. In that case, upon demand of the Owner of any Bonds then Outstanding, such new Bonds shall be exchanged at the Principal Office of the Fiscal Agent without cost to any Owner, for Bonds then Outstanding, upon surrender of such Bonds.

MA
4897-1327-624 1 v7/20103 3 -0003

Section 8.07. Amendatory Endorsement of Bonds. The provisions of this Article VIII shall not prevent any Owner from accepting any amendment as to the particular Bonds held by him, provided that due notation thereof is made on such Bonds.

ARTICLE IX

MISCELLANEOUS
Section 9.01. Benefits of Agreement Limited to Parties. Nothing in this Agreement, expressed or implied, is intended to give to any person other than the Authority, the Fiscal Agent and the Owners, any right, remedy, claim under or by reason of this Agreement. Any covenants, stipulations, promises or agreements contained in this Agreement by and on behalf of the Authority shall be for the sole and exclusive benefit of the Owners and the Fiscal Agent.

Section 9.02. Successor is Deemed Included in All References to Predecessor. Whenever in this Agreement or any Supplemental Agreement either the Authority or the Fiscal Agent is named or referred to, such reference shall be deemed to include the successors or assigns thereof, and all the covenants and agreements in this Agreement contained by or on behalf of the Authority or the Fiscal Agent shall bind and inure to the benefit of the respective successors and assigns thereof whether so expressed or not.

Section 9.03. Discharge of Agreement. The Authority shall have the option to pay and discharge the entire indebtedness on all or any portion of the Bonds Outstanding in any one or more of the following ways:
(A) by well and truly paying or causing to be paid the principal of, and interest and any premium on, such Bonds Outstanding, as and when the same become due and payable; (B) by depositing with the Fiscal Agent, at or before maturity, money which, together with the amounts then on deposit in the funds and accounts provided for in Sections 4.04 and

4.05 is fully sufficient to pay such Bonds Outstanding, including all principal, interest and redemption premiums; or
(C) by irrevocably depositing with the Fiscal Agent cash and Federal Securities in such amount as the Authority shall determine as confirmed by an independent certified public accountant will, together with the interest to accrue thereon and moneys then on deposit in the funds and accounts provided for in Sections 4.04 and 4.05, be fully sufficient to pay and discharge the indebtedness on such Bonds (including all principal, interest and redemption premiums) at or before their respective maturity dates.

If the Authority shall have taken any of the actions specified in (A), (B) or (C) above, and if such Bonds are to be redeemed prior to the maturity thereof, notice of such redemption shall have been given as in this Agreement provided, or provision satisfactory to the Fiscal Agent shall have been made for the giving of such notice, then, at the election of the Authority, and notwithstanding that any Bonds shall not have been surrendered for payment, the pledge of the Special Taxes and other funds provided for in this Agreement and all other obligations of the Authority under this Agreement with respect to such Bonds Outstanding shall cease and terminate. Notice of such election shall be filed with the Fiscal Agent. Notwithstanding the foregoing, the obligation of the Authority to pay or cause to be paid to the Owners of the Bonds not so surrendered and paid all sums due thereon, all amounts owing to the Fiscal Agent pursuant to Section 7.05, and otherwise to assure that no action is taken or failed to be taken if 45 4897-1327-624 1 v7/20103 3 -0003

such action or failure adversely affects the exclusion of interest on the Bonds from gross income for federal income tax purposes, shall continue in any event.

Upon compliance by the Authority with the foregoing with respect to all Bonds Outstanding, any funds held by the Fiscal Agent after payment of all fees and expenses of the Fiscal Agent, which are not required for the purposes of the preceding paragraph, shall be paid over to the Authority and any Special Taxes thereafter received by the Authority shall not be remitted to the Fiscal Agent but shall be retained by the Authority to be used for any purpose permitted under the Act.

Section 9.04. Execution of Documents and Proof of Ownership by Owners. Any request, declaration or other instrument which this Agreement may require or permit to be executed by Owners may be in one or more instruments of similar tenor, and shall be executed by Owners in person or by their attorneys appointed in writing.

Except as otherwise herein expressly provided, the fact and date of the execution by any Owner or his attorney of such request, declaration or other instrument, or of such writing appointing such attorney, may be proved by the certificate of any notary public or other officer authorized to take acknowledgments of deeds to be recorded in the state in which he purports to act, that the person signing such request, declaration or other instrument or writing acknowledged to him the execution thereof, or by an affidavit of a witness of such execution, duly sworn to before such notary public or other officer.

Except as otherwise herein expressly provided, the ownership of registered Bonds and the amount, maturity, number and date of holding the same shall be proved by the registry books.

Any request, declaration or other instrument or writing of the Owner of any Bond shall bind all future Owners of such Bond in respect of anything done or suffered to be done by the Authority or the Fiscal Agent in good faith and in accordance therewith.

Section 9.05. Waiver of Personal Liability. No Boardmember, Councilmember, officer, official, agent or employee of the Authority, the City or the District shall be individually or personally liable for the payment of the principal of, or interest or any premium on, the Bonds; but nothing herein contained shall relieve any such Boardmember, Councilmember, officer, official, agent or employee from the performance of any official duty provided by law.

Section 9.06. Notices to and Demands on Authority and Fiscal Agent. Any notice or demand which by any provision of this Agreement is required or permitted to be given or served by the Fiscal Agent to or on the Authority may be given or served by being deposited postage prepaid in a post office letter box addressed (until another address is filed by the Authority with the Fiscal Agent) as follows:

Temecula Public Financing Authority
c/o City of Temecula
41000 Main Street
Temecula, CA 92590
Attn: Director of Finance
Any notice or demand which by any provision of this Agreement is required or permitted to be given or served by the Authority to or on the Fiscal Agent may be given or served by being deposited 46 4897-1327-624 1 v7/20103 3 -0003

postage prepaid in a post office letter box addressed (until another address is filed by the Fiscal Agent with the Authority) as follows (provided that any such notice shall not be effective until actually received by the Fiscal Agent):

U.S. Bank Trust Company, National Association
633 W. Fifth Street, 24th Floor
Los Angeles, CA 90071
Attention: Corporate Trust Services
Reference: Temecula CFD 23-02 (Prado)
Section 9.07. State Reporting Requirements. The following requirements shall apply to the Bonds, in addition to those requirements under Section 5.11:
(A) Annual Reporting. Not later than October 30 of each calendar year, beginning with the October 30, 2026, and in each calendar year thereafter until the October 30 following the final maturity of the 2025 Bonds, the Treasurer shall cause the information required by California Government Code Section 53359.5(b) to be supplied to CDIAC. The annual reporting shall be made using such form or forms as may be prescribed by CDIAC.

No later than January 31 of each calendar year, the City agrees to provide to CDIAC the annual report information required by Section 8855(k)(1) of the California Government Code. Such annual report shall be made using such form or forms as may be prescribed by CDIAC.

Additionally, no later than January 31 of each calendar year, the City agrees to provide to the California State Controller, Division of Accounting and Reporting, the annual report information required by Section 12463.2 of the California Government Code. (B) Other Reporting. If at any time the Fiscal Agent fails to pay principal and interest due on any scheduled payment date for the Bonds, or if funds are withdrawn ftom the Reserve Fund to pay principal and interest on the Bonds, the Fiscal Agent shall notify the Treasurer of such failure or withdrawal in writing. The Treasurer shall notify CDIAC and the Original Purchaser of such failure or withdrawal within 10 days of such failure or withdrawal, and the Authority shall provide notice under the Continuing Disclosure Agreement of such event as required thereunder. (C) Special Tax Reporting. The Treasurer shall file a report with the Authority no later than January 1, 2026, and at least once each year thereafter, which annual report shall contain:
(i) the amount of Special Taxes collected and expended with respect to the District, (ii) the amount of Bond proceeds collected and expended with respect to the District, and (iii) the status of the Project.

It is acknowledged that the Special Tax Fund and the Special Tax Prepayments Account are the accounts into which Special Taxes collected on the District will be deposited for purposes of Section 50075.1(c) of the California Government Code, and the funds and accounts listed in Section 4.01 are the funds and accounts into which Bond proceeds will be deposited for purposes of Section 53410(c) of the California Government Code, and the annual report described in the preceding sentence is intended to satisfy the requirements of Sections 50075.1(d), 50075.3 and 53411 of the California Government Code.
(D) Amendment. The reporting requirements of this Section 9.07 shall be amended from time to time, without action by the Authority or the Fiscal Agent (i) with respect to subparagraphs (A) and (B) above, to reflect any amendments to Section 53359.5(b) or Section 53359.5(c) of the Act, 47 4897-1327-624 1 v7/20103 3 -0003

and (ii) with respect to subparagraph (C) above, to reflect any amendments to Section 50075.1, 50075.3, 53410 or 53411 of the California Government Code. Notwithstanding the foregoing, any such amendment shall not, in itself, affect the Authority's obligations under the Continuing Disclosure Agreement. The Authority shall notify the Fiscal Agent in writing of any such amendments which affect the reporting obligations of the Fiscal Agent under this Agreement. (E) No Liability. None of the Authority and its officers, agents and employees, the Treasurer or the Fiscal Agent shall be liable for any inadvertent error in reporting the information required by this Section 9.07.

The Treasurer shall provide copies of any of such reports to any Bondowner upon the written request of a Bondowner and payment by the person requesting the information of the cost of the Authority to produce such information and pay any postage or other delivery cost to provide the same, as determined by the Treasurer. The term `Bondowner" for purposes of this Section 9.07 shall include any Beneficial Owner (as defined in Section 2.13) of the Bonds.

Section 9.08. Partial Invalidity. If any Section, paragraph, sentence, clause or phrase of this Agreement shall for any reason be held illegal or unenforceable, such holding shall not affect the validity of the remaining portions of this Agreement. The Authority hereby declares that it would have adopted this Agreement and each and every other Section, paragraph, sentence, clause or phrase hereof and authorized the issue of the Bonds pursuant thereto irrespective of the fact that any one or more Sections, paragraphs, sentences, clauses, or phrases of this Agreement may be held illegal, invalid or unenforceable.

Section 9.09. Unclaimed Moneys. Anything contained herein to the contrary notwithstanding, any moneys held by the Fiscal Agent in trust for the payment and discharge of the principal of, and the interest and any premium on, the Bonds which remains unclaimed for two (2) years after the date when the payments of such principal, interest and premium have become payable, if such moneys was held by the Fiscal Agent at such date, shall be repaid by the Fiscal Agent to the Authority as its absolute property free from any pledge or lien under this Agreement, and the Fiscal Agent shall thereupon be released and discharged with respect thereto and the Owners shall look only to the Authority for the payment of the principal of, and interest and any premium on, such Bonds.

Any right of any Owner to look to the Authority for such payment shall survive only so long as required under applicable law.

Section 9.10. Applicable Law. This Agreement shall be governed by and enforced in accordance with the laws of the State of California applicable to contracts made and performed in the State of California.

Section 9.11. Conflict with Act. In the event of a conflict between any provision of this Agreement with any provision of the Act as in effect on the Closing Date, the provision of the Act shall prevail over the conflicting provision of this Agreement.

Section 9.12. Conclusive Evidence of Regularity. Bonds issued pursuant to this Agreement shall constitute conclusive evidence of the regularity of all proceedings under the Act relative to their issuance and the levy of the Special Taxes.

Section 9.13. Payment on Business Day. In any case where the date of the maturity of interest or of principal (and premium, if any) of the Bonds or the date fixed for redemption of any 48 4897-1327-624 1 v7/20103 3 -0003

Bonds or the date any action is to be taken pursuant to this Agreement is other than a Business Day, the payment of interest or principal (and premium, if any) or the action need not be made on such date but may be made on the next succeeding day which is a Business Day with the same force and effect as if made on the date required and no interest shall accrue for the period from and after such date.

Section 9.14. Counterparts. This Agreement may be executed in counterparts, each of which shall be deemed an original.

Section 9.15. Electronic Transactions. The transactions described in this Agreement may be conducted and the related documents may be stored by electronic means. Copies, telecopies, facsimiles, electronic files and other reproductions of original executed documents shall be deemed to be authentic and valid counterparts of such original documents for all purposes, including the filing of any claim, action or suit in the appropriate court of law. 49 4897-1327-624 1 v7/20103 3 -0003

IN WITNESS WHEREOF, the Authority caused this Fiscal Agent Agreement to be executed all as of October 1, 2025.

Attest:

TEMECULA PUBLIC FINANCING
AUTHORITY, for and on behalf of

TEMECULA PUBLIC FINANCING

AUTHORITY COMMUNITY FACILITIES
DISTRICT NO. 23-02 (PRADO)
Aaron Adams,
Executive Director
Randi Johl,
Secretary
[Signature page to Fiscal Agent Agreement — CFD 23-02 (Prado)] S-1
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U.S. BANK TRUST COMPANY,

NATIONAL ASSOCIATION,
as Fiscal Agent
Un
Lauren Costales,
Vice President
[Signature page to Fiscal Agent Agreement — CFD 23-02 (Prado)] S-2
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EXHIBIT A
FORM OF 2025 Bond

UNITED STATES OF AMERICA

STATE OF CALIFORNIA

COUNTY OF RIVERSIDE
No.

TEMECULA PUBLIC FINANCING AUTHORITY
COMMUNITY FACILITIES DISTRICT NO. 23-02
(PRADO)
2025 SPECIAL TAX BOND

INTEREST RATE
REGISTERED OWNER:

PRINCIPAL AMOUNT:

MATURITY DATE BOND DATE
September 1, October _, 2025
CUSIP
87972Y

DOLLARS
The Temecula Public Financing Authority (the "Authority") for and on behalf of the Temecula Public Financing Authority Community Facilities District No. 23-02 (Prado) (the "District"), for value received, hereby promises to pay solely from the Special Tax (as hereinafter defined) to be collected in the District or amounts in certain of the funds and accounts held under the Agreement (as hereinafter defined), to the registered owner named above, or registered assigns, on the maturity date set forth above, unless redeemed prior thereto as hereinafter provided, the principal amount set forth above, and to pay interest on such principal amount from the Bond Date set forth above, or from the most recent interest payment date to which interest has been or duly provided for, semiannually on March 1 and September 1, commencing [March 1, 2026], at the interest rate set forth above, until the principal amount hereof is paid or made available for payment. The principal of this Bond is payable to the registered owner hereof in lawful money of the United States of America upon presentation and surrender of this Bond at the Principal Office (as defined in the Agreement referred to below) of U.S.

Bank Trust Company, National Association (the "Fiscal Agent"). Interest on this Bond shall be paid by check of the Fiscal Agent mailed on each interest payment date to the registered owner hereof as of the close of business on the 15th day of the month preceding the month in which the interest payment date occurs (the "Record Date") at such registered owner's address as it appears on the registration books maintained by the Fiscal Agent, or (i) if the Bonds are in book -entry -only form, or (ii) otherwise upon written request filed with the Fiscal Agent prior to any Record Date by a registered owner of at least $1,000,000 in aggregate principal amount of Bonds, by wire transfer in immediately available funds to the depository for the Bonds or to an account in the United States designated by such registered owner in such written request, respectively.

This Bond is one of a duly authorized issue of bonds in the aggregate principal amount of $ approved by Resolution No. TPFA 2025- of the Board of Directors of the Authority adopted on September 23, 2025 (the "Resolution"), and being issued pursuant to the provisions of Section 53311 et seq. of the California Government Code (the "Act"), for the purpose of financing A-1
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certain public facilities within and in the vicinity of the District (the "Project"), and is one of such bonds designated "Temecula Public Financing Authority Community Facilities District No. 23-02 (Prado) 2025 Special Tax Bonds" (the "Bonds"). The creation of the Bonds and the terms and conditions thereof are provided for in the Fiscal Agent Agreement, dated as of October 1, 2025, between the Authority and the Fiscal Agent (the "Agreement") and this reference incorporates the Resolution and the Agreement herein, and by acceptance hereof the owner of this Bond assents to said terms and conditions. Pursuant to and as more particularly provided in the Resolution and in the Agreement, additional bonds may be issued by the Authority from time to time secured by a lien on funds held under the Agreement on a parity with the lien securing the Bonds. The Resolution is adopted and the Agreement is entered into under and this Bond is issued under, and all are to be construed in accordance with, the laws of the State of California.

Pursuant to the Act, the Agreement and the Resolution, the principal of and interest on this Bond are payable solely from the annual Special Tax A authorized under the Act to be collected within the District (the "Special Tax") and certain funds held under the Agreement. The Authority is also authorized to levy a Special Tax B and a Special Tax C on property in the District, which Special Tax B and Special Tax C are not pledged, and will not be used, to pay the debt service on the Bonds.

Interest on this Bond shall be payable from the interest payment date next preceding the date of authentication hereof, unless (i) it is authenticated on an interest payment date, in which event it shall bear interest from such date of authentication, or (ii) it is authenticated prior to an interest payment date and after the close of business on the Record Date preceding such interest payment date, in which event it shall bear interest from such interest payment date, or (iii) it is authenticated prior to the Record Date preceding the first interest payment date, in which event it shall bear interest from the Bond Date set forth above; provided, however, that if at the time of authentication of this Bond, interest is in default hereon, this Bond shall bear interest from the interest payment date to which interest has previously been paid or made available for payment hereon.

Any tax for the payment hereof shall be limited to the Special Tax, except to the extent that provision for payment has been made by the Authority, as may be permitted by law. The Bonds do not constitute obligations of the Authority for which the Authority is obligated to levy or pledge, or has levied or pledged, general or special taxation other than described hereinabove. The City of Temecula has no liability or obligations whatsoever with respect to the District, the Bonds or the Agreement.

The Bonds maturing on or after September 1, 20_ are subject to redemption prior to their stated maturity on any interest payment date occurring on or after September 1, 20_, as a whole, or in part in an amount equal to $5,000 or any integral multiple thereof and among maturities as provided in the Agreement, and by lot within a maturity, at a redemption price (expressed as a percentage of the principal amount of the Bonds to be redeemed), as set forth below, together with accrued interest thereon to the date fixed for redemption:

Redemption Dates
September 1, 20
and March 1, 20
September 1, 20
and March 1, 20
September 1, 20
and March 1, 20
September 1, 20
and any Interest Payment
Date thereafter
A-2
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Redemption Prices
103%
102
101
100

The Bonds maturing on September 1, 20_, are subject to mandatory sinking payment redemption in part on September 1, 20_ and on each September 1 thereafter to maturity, by lot, at a redemption price equal to the principal amount thereof to be redeemed, together with accrued interest to the date fixed for redemption, without premium, from sinking payments as follows:

Redemption Date
(September 1)
(maturity)
Sinking Payments
The Bonds maturing on September 1, 20_, are subject to mandatory sinking payment redemption in part on September 1, 20_ and on each September 1 thereafter to maturity, by lot, at a redemption price equal to the principal amount thereof to be redeemed, together with accrued interest to the date fixed for redemption, without premium, from sinking payments as follows:

Redemption Date
(September 1)
(maturity)
Sinking Payments
The Bonds maturing on September 1, 20 , are subject to mandatory sinking payment redemption in part on September 1, 20 and on each September 1 thereafter to maturity, by lot, at a redemption price equal to the principal amount thereof to be redeemed, together with accrued interest to the date fixed for redemption, without premium, from sinking payments as follows:

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Redemption Date
(September 1)
(maturity)
Sinking Payments
The Bonds are also subject to redemption from the proceeds of Special Tax Prepayments and any corresponding transfers from the Reserve Fund pursuant to the Agreement, on any Interest Payment Date, in whole, or in part in any amount equal to $5,000 or any integral multiple thereof and among maturities as specified in the Agreement, and by lot within a maturity, at a redemption price (expressed as a percentage at the principal amount of the Bonds to be redeemed), as set forth below, together with accrued interest to the date fixed for redemption:

Redemption Dates Redemption Prices
any Interest Payment Date from March 1, 2026
to and including March 1, 2031 103%
September 1, 20_ and March 1, 20_ 102
September 1, 20_ and March 1, 20_ 101
Date thereafter 100
Notice of redemption with respect to the Bonds to be redeemed shall be given to the registered owners thereof, in the manner, to the extent and subject to the provisions of the Agreement. Notices of optional redemption may be conditioned upon receipt by the Fiscal Agent of sufficient moneys to redeem the Bonds on the anticipated redemption date, and if the Fiscal Agent does not receive sufficient funds by the scheduled redemption date the redemption shall not occur and the Bonds for which notice of redemption was given shall remain outstanding for all purposes of the Agreement.

This Bond shall be registered in the name of the owner hereof, as to both principal and interest.

Each registration and transfer of registration of this Bond shall be entered by the Fiscal Agent in books kept by it for this purpose and authenticated by its manual signature upon the certificate of authentication endorsed hereon.

No transfer or exchange hereof shall be valid for any purpose unless made by the registered owner, by execution of the form of assignment endorsed hereon, and authenticated as herein provided, and the principal hereof, interest hereon and any redemption premium shall be payable only to the registered owner or to such owner's order. The Fiscal Agent shall require the registered owner requesting transfer or exchange to pay any tax or other governmental charge required to be paid with respect to such transfer or exchange. No transfer or exchange hereof shall be required to be made (i) fifteen days prior to the date established by the Fiscal Agent for selection of Bonds for redemption, (ii) with respect to a Bond after such Bond has been selected for redemption, or (iii) between a Record Date and the succeeding interest payment date. Exchanges may only be made for Bonds in authorized denominations, as provided in the Agreement.

The Agreement and the rights and obligations of the Authority thereunder may be modified or amended as set forth therein. The Agreement contains provisions permitting the Authority to make A-4
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provision for the payment of the interest on, and the principal and premium, if any, of the Bonds so that such Bonds shall no longer be deemed to be outstanding under the terms of the Agreement.

The Bonds are not general obligations of the Authority, but are limited obligations payable solely from the revenues and funds pledged therefor under the Agreement. Neither the faith and credit of the Authority or the State of California or any political subdivision thereof is pledged to the payment of the Bonds.

This Bond shall not become valid or obligatory for any purpose until the certificate of authentication and registration hereon endorsed shall have been dated and signed by the Fiscal Agent.

Unless this Bond is presented by an authorized representative of The Depository Trust Company to the Fiscal Agent for registration of transfer, exchange or payment, and any Bond issued is registered in the name of Cede & Co. or such other name as requested by an authorized representative of The Depository Trust Company and any payment is made to Cede & Co., ANY TRANSFER,

PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL since the registered owner hereof, Cede & Co., has an interest herein.

IT IS HEREBY CERTIFIED, RECITED AND DECLARED that all acts, conditions and things required by law to exist, happen and be performed precedent to and in the issuance of this Bond have existed, happened and been performed in due time, form and manner as required by law, and that the amount of this Bond does not exceed any debt limit prescribed by the laws or Constitution of the State of California.

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IN WITNESS WHEREOF, Temecula Public Financing Authority has caused this Bond to be dated the Bond Date set forth above, to be signed by the facsimile signature of its Chair and countersigned by the facsimile signature of its Secretary.

ATTEST:

TEMECULA PUBLIC FINANCING AUTHORITY
Brenden Kalfus,
Chair
Randi Johl,
Secretary

FISCAL AGENT'S CERTIFICATE OF AUTHENTICATION
This is one of the Bonds described in the Resolution and in the Agreement which has been authenticated on 92025.

U.S. BANK TRUST COMPANY, NATIONAL
ASSOCIATION, as Fiscal Agent
Authorized Signatory
A-6
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ASSIGNMENT
For value received the undersigned hereby sells, assigns and transfers unto (Name, Address and Tax Identification or Social Security Number of Assignee) the within -registered Bond and hereby irrevocably constitute(s) and appoints(s) attorney,
to transfer the same on the registration books of the Fiscal Agent with full power of substitution in the premises.

Dated:

Signature Guaranteed:

Note: Signature(s) must be guaranteed by an eligible
guarantor.

A-7
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Signature:

Note: The signature(s) on this Assignment must
correspond with the name(s) as written on the face of
the within Bond in every particular without alteration
or enlargement or any change whatsoever.

PRELIMINARY OFFICIAL STATEMENT DATED , 2025
NEW ISSUE — BOOK ENTRY ONLY NOT RATED
In the opinion of Stradling Yocca Carlson & Rauth LLP, Newport Beach, California, Bond Counsel, under existing statutes, regulations, rulings and judicial decisions, and assuming the accuracy of certain representations and compliance with certain covenants and requirements described in this Official Statement, interest (and original issue discount) on the 2025 Bonds is excluded from gross income for federal income tax purposes and is not an item of tax preference for purposes of calculating the federal alternative minimum tax imposed on individuals. In the further opinion of Bond Counsel, interest (and original issue discount) on the 2025 Bonds is exempt from State of California personal income taxes. See the caption "TAXMATTERS" herein with respect to tax consequences relating to the 2025 Bonds, including with respect to the alternative minimum tax imposed on certain large corporations.

Dated: Date of Issuance
$16,450,000`

TEMECULA PUBLIC FINANCING AUTHORITY
COMMUNITY FACILITIES DISTRICT NO.23-02
(PRADO)
2025 SPECIAL TAX BONDS
Due: September 1, as shown on inside cover
The Temecula Public Financing Authority (the "Authority"), for and on behalf of the Temecula Public Financing Authority Community Facilities District No. 23-02 (Prado) (the "District'), is issuing the above -captioned 2025 Special Tax Bonds (the "2025 Bonds") pursuant to the Mello -Roos Community Facilities Act of 1982, as amended (constituting Section 53311 et seq. of the California Government Code) (the "Act'), and a Fiscal Agent Agreement, dated as of October 1, 2025 (the "Fiscal Agent Agreement"), by and between the Authority, for and on behalf of the District, and U.S. Bank Trust Company, National Association, as fiscal agent (the "Fiscal Agent').

The 2025 Bonds are payable from the proceeds of an annual Special Tax A (as defined in the Fiscal Agent Agreement) being levied on property located within the District and from certain funds pledged under the Fiscal Agent Agreement. The Special Tax A is being levied according to a rate and method of apportionment of Special Taxes. See "SECURITY FOR THE 2025 BONDS —Special Taxes" and Appendix B — "Rate and Method."
Interest on the 2025 Bonds is payable on March 1 and September 1 of each year, commencing on March 1, 2026. The 2025 Bonds will be issued in book -entry form only and, when delivered, will be registered in the name of Cede & Co., as nominee of The Depository Trust Company, New York, New York ("DTC"), which will act as securities depository for the 2025 Bonds. Individual purchases of the 2025 Bonds will be made in book -entry form only. See "THE 2025 BONDS —General Provisions" and Appendix G — "DTC and the Book -Entry Only System."
The 2025 Bonds are subject to redemption prior to maturity. See "THE 2025 BONDS —Redemption." The Authority may issue additional bonds for the District that would be secured by a lien on the Special Tax Revenues (as defined in the Fiscal Agent Agreement) and by funds pledged under the Fiscal Agent Agreement for the payment of the 2025 Bonds on a parity with the 2025 Bonds, but any such parity bonds must be Refunding Bonds, as defined in the Fiscal Agent Agreement. See "SECURITY FOR THE 2025 BONDS —Issuance of Additional Bonds."

NONE OF THE FAITH AND CREDIT OF THE DISTRICT, THE AUTHORITY OR THE STATE OF CALIFORNIA OR OF ANY OF ITS POLITICAL SUBDIVISIONS IS PLEDGED TO THE PAYMENT OF THE 2025 BONDS. EXCEPT FOR THE SPECIAL TAX A, NO OTHER TAXES ARE PLEDGED TO THE PAYMENT OF THE 2025 BONDS. THE 2025 BONDS ARE NEITHER

GENERAL NOR SPECIAL OBLIGATIONS OF THE AUTHORITY, NOR GENERAL OBLIGATIONS OF THE DISTRICT, BUT ARE

LIMITED OBLIGATIONS OF THE AUTHORITY FOR THE DISTRICT, PAYABLE SOLELY FROM PROCEEDS OF SPECIAL TAX

A AND CERTAIN AMOUNTS PLEDGED THEREFOR UNDER THE FISCAL AGENT AGREEMENT, AS MORE FULLY DESCRIBED IN THIS OFFICIAL STATEMENT.

This cover page contains certain information for quick reference only. Investors should read the entire Official Statement to obtain information essential to the making of an informed investment decision with respect to the 2025 Bonds. See the section of this Official Statement entitled "SPECIAL RISK FACTORS" for a discussion of certain risk factors that should be considered, in addition to the other matters discussed herein, in considering the investment quality of the 2025 Bonds.

MATURITY SCHEDULE
(see inside cover)
The 2025 Bonds are offered when, as and if issued by the Authority for the District, subject to approval as to their legality by Stradling Yocca Carlson & Rauth LLP, Newport Beach, California, Bond Counsel, and certain other conditions. Certain legal matters with respect to the 2025 Bonds will be passed upon for the Authority by Richards, Watson & Gershon, A Professional Corporation, Los Angeles, California, in its capacity as general counsel to the Authority, and by Stradling Yocca Carlson & Rauth LLP, Newport Beach, California, acting as Disclosure Counsel to the Authority. Certain legal matters will be passed upon for the Underwriter by Anzel Galvan LLP, San Francisco, California. It is anticipated that the 2025 Bonds in definitive form will be available for delivery to DTC on or about October , 2025.
'Preliminary, subject to change.

STIFEL
Hve-0
4931-6664-944lv5/201033-0003

The date of this Official Statement is 12025.
4931-6664-944lv5/201033-0003

$16,450,000-

TEMECULA PUBLIC FINANCING AUTHORITY
COMMUNITY FACILITIES DISTRICT NO.23-02
(PRADO)
2025 SPECIAL TAX BONDS
MATURITY SCHEDULE"
$ Serial Bonds; CUSIP Prefix: 87972Yt
Maturity Date Principal Interest
(September 1) Amount Rate Yield Price
2027 $
2028
2029
2030
2031
2032
2033
2034
2035
2036
CUSIP
Suffix,
$ % Term Bonds due September 1, 20_ Price to Yield % CUSIP : 87972Y $ % Term Bonds due September 1, 20 Price to Yield % CUSIP : 87972Y $ % Term Bonds due September 1, 20 Price to Yield % CUSIP : 87972Y $ % Term Bonds due September 1, 2056 Price to Yield % CUSIP: 87972Y * Preliminary, subject to change.

C Priced to the optional redemption date of September 1, 20 at par. t CUSIP® is a registered trademark of the American Bankers Association. CUSIP Global Services (CGS) is managed on behalf of the American Bankers Association by FactSet Research Systems Inc. Copyright(c) 2025 CUSIP Global Services. All rights reserved. CUSIP® data herein is provided by CUSIP Global Services. This data is not intended to create a database and does not serve in any way as a substitute for the CGS database. CUSIP® numbers are provided for convenience of reference only.

None of the Authority, the District, the Underwriter or their agents or counsel assume responsibilityfor the accuracy of such numbers.
3 4931-6664-9441v5/201033-0003

GENERAL INFORMATION ABOUT THIS OFFICIAL STATEMENT
The information contained in this Official Statement has been obtained from sources that are believed to be reliable. No representation, warranty or guarantee, however, is made by the Underwriter as to the accuracy or completeness of any information in this Official Statement, including, without limitation, the information contained in the Appendices, and nothing contained in this Official Statement should be relied upon as a promise or representation by the Underwriter.

Neither the Authority nor the Underwriter has authorized any dealer, broker, salesperson or other person to give any information or make any representations with respect to the offer or sale of the 2025 Bonds other than as contained in this Official Statement. If given or made, any such information or representations must not be relied upon as having been authorized by the Authority or the Underwriter. The information and expressions of opinion in this Official Statement are subject to change without notice, and neither the delivery of this Official Statement nor any sale of the 2025 Bonds shall under any circumstances create any implication that there has been no change in the affairs of any party described in this Official Statement, or in the status of any property described in this Official Statement, subsequent to the date as of which such information is presented.

This Official Statement and the information contained in this Official Statement are subject to amendment without notice.

The 2025 Bonds may not be sold, and no offer to buy the 2025 Bonds may be accepted, prior to the time the Official Statement is delivered in final form. Under no circumstances shall this Official Statement constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of, the 2025 Bonds in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.

This Official Statement is not to be construed as a contract with the purchasers or owners of the 2025 Bonds. Statements contained in this Official Statement which involve estimates, forecasts or matters of opinion, whether or not expressly so described herein, are intended solely as such and are not to be construed as representations of fact. This Official Statement, including any supplement or amendment hereto, is intended to be deposited with a nationally recognized municipal securities depository.

When used in this Official Statement, in any continuing disclosure by the Authority, in any press release, or in any oral statement made with the approval of an authorized officer of the Authority or any other entity described or referenced in this Official Statement, the words or phrases "will likely result," "are expected to," "will continue," "is anticipated," "estimate," "project," "forecast," "expect," "intend" and similar expressions identify "forward looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements are subject to risks and uncertainties that could cause actual results to differ materially from those contemplated in such forward -looking statements. Any forecast is subject to such uncertainties. Inevitably, some assumptions used to develop the forecasts will not be realized, and unanticipated events and circumstances may occur. Therefore, there are likely to be differences between forecasts and actual results, and those differences may be material.

All summaries of the documents referred to in this Official Statement are qualified by the provisions of the respective documents summarized and do not purport to be complete statements of any or all of such provisions.

The Underwriter has provided the following sentence for inclusion in this Official Statement: "The Underwriter has reviewed the information in this Official Statement in accordance with, and as part of, its responsibilities to investors under the federal securities laws as applied to the facts and circumstances of this transaction, but the Underwriter does not guarantee the accuracy or the completeness of such information."
In connection with the offering of the 2025 Bonds, the Underwriter may overallot or effect transactions that stabilize or maintain the market prices of the 2025 Bonds at levels above that which might otherwise prevail in the open market. Such stabilizing, if commenced, may be discontinued at any time. The Underwriter may offer and sell the 2025 Bonds to certain dealers, dealer banks and banks acting as agent at prices lower than the public offering prices stated on the inside cover page of this Official Statement, and those public offering prices may be changed from time to time by the Underwriter.

The 2025 Bonds have not been registered under the Securities Act of 1933, as amended (the "Securities Act"), in reliance upon an exemption from the registration requirements contained in the Securities Act. The 2025 Bonds have not been registered or qualified under the securities laws of any state.

The City of Temecula maintains an Internet website, but the information on the website is not incorporated in this Official Statement.
4 4931-6664-9441v5/201033-0003

TEMECULA PUBLIC FINANCING AUTHORITY
Board of Directors
Brenden Kalfus, Chair
Jessica Alexander, Vice Chair
Matt Rahn, Member
Zak Schwank, Member
James Stewart, Member
Authority/City of Temecula Officials
Aaron Adams, Executive Director and City Manager
Luke Watson, Deputy City Manager
Jennifer Hennessy, Authority Treasurer and City Director of Finance Ron Moreno, Director of Public Works and City Engineer
Randi Johl, Authority Secretary and City Clerk

PROFESSIONAL SERVICES
Authority General Counsel and City Attorney
Richards, Watson & Gershon,
A Professional Corporation
Los Angeles, California
Municipal Advisor
Fieldman, Rolapp & Associates, Inc.

Irvine, California
Bond Counsel and Disclosure Counsel
Stradling Yocca Carlson & Rauth LLP,
Newport Beach, California
Special Tax Consultant and Dissemination Agent
Webb Municipal Finance, LLC
Riverside, California
Appraiser
Integra Realty Resources
Sacramento, California
Fiscal Agent
U.S. Bank Trust Company, National Association
Los Angeles, California
4931-6664-9441v5/201033-0003

TABLE OF CONTENTS
INTRODUCTION................................................................................................................................................ 4 General.............................................................................................................................................................. 4 Authorityfor Issuance......................................................................................................................................4 The2025 Bonds................................................................................................................................................5 Application of 2025 Bond Proceeds................................................................................................................. 5 ParityBonds..................................................................................................................................................... 5 Securityfor the 2025 Bonds............................................................................................................................. 5 ReserveFund.................................................................................................................................................... 6 TheAuthority.................................................................................................................................................... 6 TheDistrict....................................................................................................................................................... 7 Summary of Status of Development in the District.......................................................................................... 7 LandValuation................................................................................................................................................. 7 LimitedObligation............................................................................................................................................ 8 Bondowners' Risks...........................................................................................................................................8 ContinuingDisclosure...................................................................................................................................... 8 OtherInformation............................................................................................................................................. 9 PLANOF FINANCING.......................................................................................................................................9 Overview.......................................................................................................................................................... 9 Estimated Sources and Uses of Funds.............................................................................................................. 9 THE2025 BONDS.............................................................................................................................................10 Authorityfor Issuance....................................................................................................................................10 GeneralProvisions..........................................................................................................................................10 Redemption.....................................................................................................................................................11 Transfer or Exchange of 2025 Bonds.............................................................................................................14 Discontinuance of DTC Services....................................................................................................................14 ScheduledDebt Service..................................................................................................................................15 SECURITY FOR THE 2025 BONDS................................................................................................................16 General............................................................................................................................................................16 LimitedObligation..........................................................................................................................................16 SpecialTaxes..................................................................................................................................................16 SpecialTax Fund............................................................................................................................................17 Summaryof Rate and Method........................................................................................................................18 ReserveFund.................................................................................................................................................. 22 Covenant for Superior Court Foreclosure.......................................................................................................23 NoTeeter Plan................................................................................................................................................ 24 Investmentof Moneys.................................................................................................................................... 24 Issuanceof Additional Bonds......................................................................................................................... 25 THEDISTRICT..................................................................................................................................................26 Location and General Description of the District........................................................................................... 26 Historyof the District..................................................................................................................................... 28 TheImprovements.......................................................................................................................................... 28 Prado............................................................................................................................................................... 30 TheDeveloper................................................................................................................................................ 33 PropertyValues..............................................................................................................................................34 LandUse Distribution..................................................................................................................................... 35 Value -to -Lien Ratios......................................................................................................................................36 [Assignment of Assessor Parcel Numbers and Assessor Parcel Segregation Process.] .................................. 37 Direct and Overlapping Governmental Obligations....................................................................................... 39 SampleTax Bill..............................................................................................................................................40 THEAUTHORITY............................................................................................................................................42 SPECIALRISK FACTORS...............................................................................................................................42 4931-6664-9441v5/201033-0003

No General Obligation of the Authority or the District..................................................................................43 Insufficiency of Special Tax Revenues...........................................................................................................43 Impact of Economic Conditions on Development in the District...................................................................44 PropertyValues..............................................................................................................................................44 Risks of Real Estate Secured Investments Generally.....................................................................................45 Concentration of Ownership...........................................................................................................................45 GovernmentApprovals...................................................................................................................................45 Payment of the Special Tax is not a Personal Obligation...............................................................................46 FDIC/Federal Government Interests in Properties..........................................................................................46 ExemptProperties...........................................................................................................................................47 Parity Taxes and Special Assessments...........................................................................................................47 TaxDelinquencies..........................................................................................................................................48 BankruptcyDelays..........................................................................................................................................48 NaturalDisasters.............................................................................................................................................48 Wildfires.........................................................................................................................................................49 HazardousSubstances.................................................................................................................................... 50 Disclosure to Future Purchasers..................................................................................................................... 50 Potential Early Redemption of 2025 Bonds from Special Tax Prepayments ................................................. 50 Cybersecurity.................................................................................................................................................. 50 PublicHealth Emergencies.............................................................................................................................51 NoAcceleration Provision.............................................................................................................................. 51 Lossof Tax Exemption................................................................................................................................... 51 No Ratings — Limited Secondary Market....................................................................................................... 51 Limitationson Remedies................................................................................................................................ 52 Enforceabilityof Remedies............................................................................................................................ 52 Litigation with Respect to Community Facilities Districts.............................................................................52 Proposition218............................................................................................................................................... 53 BallotInitiatives.............................................................................................................................................. 54 IRS Audit of Tax -Exempt Bond Issues.......................................................................................................... 55 TAXMATTERS.................................................................................................................................................55 LEGALMATTERS............................................................................................................................................56 NORATING......................................................................................................................................................57 NOLITIGATION...............................................................................................................................................57 MUNICIPALADVISOR................................................................................................................................... 57 UNDERWRITING............................................................................................................................................. 57 CONTINUING DISCLOSURE..........................................................................................................................57 TheAuthority..................................................................................................................................................57 TheDeveloper................................................................................................................................................ 58 Remedies for Failures to Comply................................................................................................................... 58 MISCELLANEOUS........................................................................................................................................... 59 APPENDIX A GENERAL, ECONOMIC AND DEMOGRAPHIC INFORMATION RELATING TO THE CITY AND THE COUNTY......................................................................................... A-1 APPENDIX B RATE AND METHOD......................................................................................................... B-1 APPENDIX C SUMMARY OF THE FISCAL AGENT AGREEMENT..................................................... C-1 APPENDIX D FORM OF OPINION OF BOND COUNSEL.......................................................................D-1 APPENDIX E FORM OF CONTINUING DISCLOSURE AGREEMENT OF THE AUTHORITY .......... E-1 APPENDIX F FORM OF CONTINUING DISCLOSURE CERTIFICATE OF THE DEVELOPER .......... F-1 APPENDIX G DTC AND THE BOOK -ENTRY ONLY SYSTEM............................................................. G-1 APPENDIX H APPRAISAL REPORT......................................................................................................... H-1 4931-6664-9441v5/201033-0003

CITY OF TEMECULA
(Riverside County, California)
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4931-6664-9441v5/201033-0003

OFFICIAL STATEMENT
$16,450,000*

TEMECULA PUBLIC FINANCING AUTHORITY
COMMUNITY FACILITIES DISTRICT NO. 23-02
(PRADO)
2025 SPECIAL TAX BONDS

INTRODUCTION
This introduction is not a summary of this Official Statement and is only a brief description of and guide to, and is qualified by, more complete and detailed information contained in the entire Official Statement and the documents summarized or described in this Official Statement. A full review should be made of the entire Official Statement by those interested in purchasing the 2025 Bonds. The sale and delivery of 2025 Bonds to potential investors is made only by means of the entire Official Statement. Certain capitalized terms used in this Official Statement and not defined herein have the meanings set forth in Appendix C — "Summary of the Fiscal Agent Agreement —Definitions " or in Appendix B — "Rate and Method. " General
The purpose of this Official Statement, which includes the cover page, the inside cover page, the table of contents and the attached appendices (the "Official Statement"), is to provide certain information concerning the issuance of the above -captioned 2025 Special Tax Bonds (the "2025 Bonds"). The 2025 Bonds are being issued by the Temecula Public Financing Authority (the "Authority"), for and on behalf of the Temecula Public Financing Authority Community Facilities District No. 23-02 (Prado) (the "District"), pursuant to the Mello - Roos Community Facilities Act of 1982, as amended (the "Act") and a Fiscal Agent Agreement, dated as of October 1, 2025 (the "Fiscal Agent Agreement"), by and between the Authority, for and on behalf of the District, and U.S. Bank Trust Company, National Association, as fiscal agent (the "Fiscal Agent'). The net proceeds of the 2025 Bonds will be used to finance certain public improvements authorized to be funded by the District. See "PLAN OF FINANCING."
Authority for Issuance
General. The District was formed on February 27, 2024 under the authority of the Act, which was enacted by the California Legislature to provide an alternative method of financing certain public capital facilities and services, especially in developing areas of the State. The Act authorizes local governmental entities to establish community facilities districts as legally constituted governmental entities within defined boundaries, with the legislative body of the local applicable governmental entity acting on behalf of the district. Subject to approval by at least a two-thirds vote of the votes cast by the qualified electors within a district and compliance with the provisions of the Act, the legislative body may authorize the issuance of bonds for the community facilities district established by it and may authorize the levy and collection of a special tax within the district to repay the bonds.

Bond Authority. The 2025 Bonds are authorized to be issued pursuant to the Act, a resolution adopted on [September 23, 2025] by the Board of Directors of the Authority (the "Board of Directors") acting as the legislative body of the District, and the Fiscal Agent Agreement. For more detailed information about the formation of the District and the authority for issuance of the 2025 Bonds, see "THE DISTRICT —History of the District."
* Preliminary, subject to change.
4 4931-6664-944lv5/201033-0003

The 2025 Bonds
The 2025 Bonds will be issued only as fully registered bonds, in integral multiples of $5,000, and will bear interest at the rates per annum and will mature on the dates and in the principal amounts set forth on the inside cover page of this Official Statement. The 2025 Bonds will be dated the date of their issuance and interest on the 2025 Bonds will be payable on March 1 and September 1 of each year, commencing March 1, 2026 (each an "Interest Payment Date"). The 2025 Bonds will be issued in book -entry form only and, when delivered, will be registered in the name of Cede & Co., as nominee of The Depository Trust Company, New York, New York ("DTC"), which will act as securities depository for the 2025 Bonds. See "THE 2025 BONDS —General Provisions."
Redemption Prior to Maturity. The 2025 Bonds are subject to optional redemption, mandatory sinking payment redemption and mandatory redemption from Special Tax prepayments prior to their respective maturities. See "THE 2025 BONDS —Redemption" and "SPECIAL RISK FACTORS —Potential Early Redemption of 2025 Bonds From Special Tax Prepayments." Application of 2025 Bond Proceeds
Proceeds of the 2025 Bonds will be used (a) to make deposits to four accounts within the Improvement Fund, (b) to make a deposit to the Reserve Fund in the amount of the Reserve Requirement as of the date of issuance of the 2025 Bonds, (c) make a deposit to the Capitalized Interest Account of the Bond Fund, and (d) to pay the costs of issuance of the 2025 Bonds. See "PLAN OF FINANCING —Estimated Sources and Uses of Funds." The proceeds of the 2025 Bonds deposited to the accounts within the Improvement Fund will be used to pay the costs of certain public improvements (the "Improvements") authorized to be funded by the District.

See "THE DISTRICT —The Improvements."
Parity Bonds
The Authority may in the future issue bonded indebtedness (future "Parity Bonds") that is secured by a lien on the Special Tax Revenues and on the funds pledged under the Fiscal Agent Agreement on a parity with the 2025 Bonds, but any such parity bonds must be Refunding Bonds, as defined in the Fiscal Agent Agreement.

See "SECURITY FOR THE 2025 BONDS —Issuance of Additional Bonds." When used in this Official Statement, the term "Bonds" means, collectively, the 2025 Bonds and any future Parity Bonds that maybe issued for the District.

Security for the 2025 Bonds
Pledge Under the Fiscal Agent Agreement. Pursuant to the Fiscal Agent Agreement, the Bonds are secured by a first pledge of all of the Special Tax Revenues (other than, in each Fiscal Year, the first Special Tax Revenues up to the Priority Administrative Expenses Amount that may be deposited into the Administrative Expense Fund) and all moneys deposited in the Bond Fund, the Reserve Fund and, until disbursed in accordance with the Fiscal Agent Agreement, in the Special Tax Fund. See "SECURITY FOR THE 2025 BONDS — General." "Special Tax Revenues," as defined in the Fiscal Agent Agreement, means the proceeds of the Special Taxes (as described under the subheading "Special Taxes; Rate and Method" below) received by the Authority, including any scheduled payments and any prepayments thereof, interest thereon and proceeds of the redemption or sale of property sold as a result of foreclosure of the lien of the Special Taxes to the amount of said lien and interest thereon, but does not include penalties, if any, collected in connection with delinquent Special Taxes.

The Special Tax Revenues and all moneys deposited into the Bond Fund, the Reserve Fund and the Special Tax Fund are dedicated to the payment of the principal of, and interest and any premium on, the Bonds in accordance with the Fiscal Agent Agreement until all of the Bonds have been paid or defeased. See "SECURITY FOR THE 2025 BONDS —Special Taxes" and Appendix B — "Rate and Method." 4931-6664-9441v5/201033-0003

Special Taxes; Rate and Method. The Special Taxes to be used to pay debt service on the Bonds will be levied on Taxable Property in the District in accordance with the Rate and Method of Apportionment of Special Tax, as described under the heading "SECURITY FOR THE 2025 BONDS —Summary of Rate and Method" (the "Rate and Method"). The term "Special Taxes," when used in this Official Statement, means the Special Tax A levied on the Taxable Property within the District pursuant to the Rate and Method and the Fiscal Agent Agreement to fund the "Special Tax A Requirement," which includes amounts needed to pay the debt service on the 2025 Bonds. The Rate and Method also allows for the levy of a Special Tax B to pay for certain municipal services authorized to be funded by the District until a Transition Event has occurred, and a Special Tax C to pay for the authorized municipal services following the occurrence of the Transition Event. The Special Tax B and the Special Tax C are not in any way pledged, and will not be used, to pay debt service on the Bonds.

See "SECURITY FOR THE 2025 BONDS —Special Taxes," and "—Summary of Rate and Method." With respect to the annual Special Tax A levy on property in the District, the Special Tax A levy on any parcel may not exceed the Maximum Special Tax rate applicable to such parcel. See "SECURITY FOR THE 2025 BONDS —Summary of Rate and Method — Maximum Special Taxes." Also, under no circumstances may the Special Tax A on a parcel in private residential use be increased in any Fiscal Year as a consequence of the delinquency or default in payment of the Special Tax A levied on another parcel or parcels by more than ten percent (10%) above the amount that would have been levied in that Fiscal Year had there never been any such delinquencies or defaults. See "SECURITY FOR THE 2025 BONDS —Summary of Rate and Method — Method of Apportionment."
Limitations. Amounts in the Administrative Expense Fund, the accounts within the Improvement Fund and the Costs of Issuance Fund, each of which is established under the Fiscal Agent Agreement, are not pledged to the repayment of the Bonds. A portion of the Special Taxes collected annually and to be deposited on a priority basis to the Administrative Expense Fund (see clause (i) of the second paragraph under "SECURITY FOR THE 2025 BONDS —Special Tax Fund") is not pledged to the repayment of the Bonds. The Improvements are not pledged as collateral for the Bonds. The Special Tax B, the Special Tax C and the proceeds of condemnation or destruction of any of the Improvements are not pledged to pay the debt service on the Bonds.

In the event that the Special Taxes are not paid when due, the only sources of funds available to repay the Bonds are amounts held by the Fiscal Agent under the Fiscal Agent Agreement in the Bond Fund, the Reserve Fund, and, until disbursed as provided in the Fiscal Agent Agreement, in the Special Tax Fund, as well as certain proceeds, if any, from foreclosure sales of parcels with delinquent Special Taxes. See "SECURITY FOR THE 2025 BONDS —General."
Reserve Fund
The Fiscal Agent Agreement establishes a Reserve Fund to be held by the Fiscal Agent as a reserve for the payment of principal of and interest on the Bonds. The Reserve Fund is required to be funded in an amount equal to the least of (i) Maximum Annual Debt Service of the Outstanding Bonds, (ii) 125% of average Annual Debt Service on the Outstanding Bonds, or (iii) 10% of the principal amount of the then Outstanding Bonds (the "Reserve Requirement'). The amounts in the Reserve Fund will be available to pay debt service on the Bonds in the event that there is a shortfall in the amount in the Bond Fund to pay such debt service. The Reserve Requirement as of the date of issuance of the 2025 Bonds, to be funded with proceeds of the 2025 Bonds, will be $ . See "SECURITY FOR THE 2025 BONDS —Reserve Fund" and Appendix C — "Summary of Certain Provisions of the Fiscal Agent Agreement — Funds and Accounts — Reserve Fund." The Authority
The Authority was formed on April 10, 2001, pursuant to a Joint Exercise of Powers Agreement (the "JPA Agreement") between the City and the former Redevelopment Agency of the City of Temecula (the "Agency"), in accordance with Articles 1 through 4 (commencing with Section 6500) of Chapter 5, Division 7, Title 1 of the Government Code of the State of California. The JPA Agreement was amended in May of 2016 to provide for the withdrawal of the Successor Agency to the Agency as a member of the Authority, and to add 6 4931-6664-9441v5/201033-0003

the Temecula Community Services District and the Temecula Housing Authority as members of the Authority.

See "THE AUTHORITY."
The District
General. The District was formed by the Board of Directors of the Authority pursuant to proceedings conducted under the Act on February 27, 2024 and an election held on that date wherein Meritage Homes of California, Inc., a California corporation (referred to in this Official Statement as the "Developer"), as the then sole owner of the property in the District, voted in favor of the formation of the District, the levy of the Special Tax A, the Special Tax B and the Special Tax C on the property in the District and the issuance of up to $20,000,000 principal amount of special tax bonds payable from the proceeds of the Special Tax A. See "THE DISTRICT —History of the District." The proceeds of the Special Tax B and the Special Tax C, which will not be available to pay the debt service on the 2025 Bonds, are being and will be, as applicable, used to pay costs of services eligible to be funded by the District, which include various municipal services ranging from public safety services, to maintenance of parks and landscaping in public areas, maintenance of public signage, sidewalks and roadways, storm drains, and street lighting and traffic signals, as well as graffiti removal from public improvements, all related to the area in the District.

The District is located in the northern portion of the City, and includes approximately 28 acres of residential land currently identified as "Prado." Prado, is expected to include at buildout 237 detached single family homes, as well as a clubhouse, community pool, park, playground, bocce ball court, and fire pit. For an aerial view of the District, see "THE DISTRICT —Location and General Description of the District." The property in the District is being developed and the homes in the District are being constructed by the Developer. For additional information regarding the Developer, see "THE DISTRICT —The Developer." Summary of Status of Development. A summary of the status of development of the proposed 237 homes being constructed by the Developer in the District as of the August 4, 2025 date of value of the Appraisal Report (see "INTRODUCTION —Land Valuation" below and "THE DISTRICT —Property Values") is provided below, along with an update on the status of the development as of [September 15], 2025.

Summary of Status of Development in the District
As of As of
August 4, 2025 [September 15], 2025
lots with homes sold and conveyed to homebuyers 59
lots with completed homes 0
lots with model homes 3
lots with homes under construction 45
lots with construction not yet started 130
Total Lots 237
For additional information on the status of development of the property in the District, see "THE DISTRICT—Prado." See also "SPECIAL RISK FACTORS —Concentration of Ownership." Land Valuation
Integra Realty Resources, Sacramento, California (the "Appraiser") has prepared an Appraisal Report dated August 19, 2025 (the "Appraisal Report'), estimating the market value of the 237 lots within the District that are subject to the Special Tax A securing the 2025 Bonds (the "Appraised Property"). The Appraiser concluded in the Appraisal Report that the aggregate market value of the parcels of property constituting the Appraised Property as of August 4, 2025 was $81,495,000, including $38,350,000 allocable to the 59 homes in the District sold to homeowners, and $43,145,000 to the 178 lots owned by the Developer, subject to various 7 4931-6664-9441v5/201033-0003

assumptions described in the Appraisal Report. The conclusion regarding the appraised value of the Appraised Property in the Appraisal Report is subject to the hypothetical condition that certain impact fees to be financed by the 2025 Bonds have been paid. See "THE DISTRICT —Property Values." The appraised value of $81,495,000 is approximately 4.9* times the $16,450,000* initial principal amount of the 2025 Bonds.

The Appraisal Report, a complete copy of which is set forth in Appendix H to this Official Statement, is subject to various assumptions and limiting conditions, and the Appraisal Report should be read in its entirety by prospective purchasers of the 2025 Bonds.

The value of individual parcels of the Taxable Property varies significantly, and no assurance can be given that should Special Taxes levied on one or more of the parcels become delinquent, and should the delinquent parcels be offered for sale at a judicial foreclosure sale, that any bid would be received for the property or, if a bid is received, that such bid would be sufficient to pay such parcel's delinquent Special Taxes. See "THE DISTRICT —Value -to -District Lien Ratios," "SPECIAL RISK FACTORS —Property Values" and "SPECIAL RISK FACTORS —Insufficiency of Special Tax Revenues."
Limited Obligation
Although the unpaid Special Taxes constitute liens on parcels within the District on which they are levied, they do not constitute a personal indebtedness of the property owners. There is no assurance that the current or subsequent owners of Taxable Property in the District will be financially able to pay the Special Tax A levied on their property in the District, or that they will pay the Special Tax A even though financially able to do so.

NONE OF THE FAITH AND CREDIT OF THE DISTRICT, THE AUTHORITY OR THE STATE

OF CALIFORNIA OR OF ANY OF ITS POLITICAL SUBDIVISIONS IS PLEDGED TO THE PAYMENT OF THE 2025 BONDS. EXCEPT FOR THE SPECIAL TAX A, NO OTHER TAXES ARE PLEDGED TO THE PAYMENT OF THE 2025 BONDS. THE 2025 BONDS ARE NEITHER GENERAL NOR SPECIAL

OBLIGATIONS OF THE AUTHORITY, NOR GENERAL OBLIGATIONS OF THE DISTRICT, BUT ARE

LIMITED OBLIGATIONS OF THE AUTHORITY FOR THE DISTRICT PAYABLE SOLELY FROM

PROCEEDS OF THE SPECIAL TAX A AND CERTAIN AMOUNTS PLEDGED THEREFOR UNDER THE FISCAL AGENT AGREEMENT, AS MORE FULLY DESCRIBED IN THIS OFFICIAL STATEMENT.

Bondowners' Risks
Certain events could affect the ability of the Authority to pay the principal of and interest on the 2025 Bonds when due. Except for the Special Tax A, no other taxes are pledged to the payment of the 2025 Bonds.

See "SPECIAL RISK FACTORS" for a discussion of certain factors that should be considered in evaluating an investment in the 2025 Bonds. The purchase of the 2025 Bonds involves significant risks, and the 2025 Bonds are not appropriate investments for all types of investors. See "SPECIAL RISK FACTORS." Continuing Disclosure
For purposes of complying with Rule 15c2-12(b)(5) promulgated under the Securities Exchange Act of 1934, as amended, the Authority has agreed to provide, or cause to be provided, to the Municipal Securities Rulemaking Board certain annual financial and other information, and notice of certain enumerated events. The Developer has agreed to provide semi-annual reports with certain limited information and notice of certain enumerated events. The Developer's annual, semi-annual and enumerated event reporting obligations will terminate if and when 190 of the homes in the District have been conveyed to individual homeowners. See "CONTINUING DISCLOSURE," and Appendices E and F for a description of the specific nature of the reports and notices of significant events, as well as the terms of the Continuing Disclosure Agreement of the Authority * Preliminary, subject to change.
8 4931-6664-944lv5/201033-0003

and the Continuing Disclosure Certificate of the Developer, respectively, pursuant to which such reports and notices are to be made.

Other Information
This Official Statement speaks only as of its date, and the information contained in this Official Statement is subject to change without notice. Except where otherwise indicated, all information contained in this Official Statement has been provided by the Authority on behalf of the District.

Copies of the Fiscal Agent Agreement and certain other documents referenced in this Official Statement are available for inspection at the office of, and (upon written request and payment to the Authority of a charge for copying, mailing and handling) are available for delivery from, the Director of Finance, City of Temecula, 41000 Main Street, Temecula, California 92590.

PLAN OF FINANCING
Overview
General. The primary purpose of the 2025 Bonds is to provide funds to pay costs of certain of the Improvements authorized to be funded by the District. Proceeds of the 2025 Bonds will also be used to make deposits to a Reserve Fund and a Capitalized Interest Account, as well as to pay costs of issuance of the 2025 Bonds.

Funding for Improvements. The Authority, for and on behalf of the District, entered into an Acquisition Agreement with the Developer, dated as of January 23, 2024 (amended as of October 1, 2025, the "Acquisition Agreement"), pursuant to which the Authority has agreed to use proceeds of the 2025 Bonds to pay the costs of specified public infrastructure improvements. At the time of formation of the District in 2024, the Authority also entered into separate joint community facilities agreements ("JCFAs") with the City, the Temecula Valley Unified School District (the "School District") and the Eastern Municipal Water District (the "Water District"), whereby proceeds of the 2025 Bonds are to be used to finance certain City, School District and Water District designated public improvements and those entities are to provide the Developer with credit against certain capital improvement fees payable with respect to the homes being constructed in the District (which credits have been taken into account in the Appraisal Report in determining the appraised value of the Taxable Property in the District, see Appendix H — "Appraisal Report").

The JCFAs designated public improvements, and the improvements to be constructed by the Developer pursuant to the Acquisition Agreement are collectively referred to in this Official Statement as the "Improvements." The Fiscal Agent Agreement establishes accounts within the Improvement Fund held by the Fiscal Agent, one with respect to the City JCFA, one with respect to the School District JCFA, one with respect to the Water District JCFA and one with respect to the Acquisition Agreement, each of which will be funded with a portion of the proceeds of the 2025 Bonds. See "PLAN OF FINANCING —Estimated Sources and Uses of Funds" and "THE DISTRICT —The Improvements."
Proceeds of the 2025 Bonds to be deposited to the Acquisition Account of the Improvement Fund are not expected to be sufficient to pay costs of all of the Improvements eligible to be funded under the provisions of the Acquisition Agreement. Under the Acquisition Agreement, costs of the portion of the Improvements specified therein in excess of the proceeds of the 2025 Bonds in the Acquisition Account of the Improvement Fund are the responsibility of the Developer. The amounts in the accounts within the Improvement Fund are not available to make payments on the 2025 Bonds.

Estimated Sources and Uses of Funds
The sources and uses of funds in connection with the 2025 Bonds are expected to be as follows:
9 4931-6664-9441v5/201033-0003

Principal amount of 2025 Bonds
[Plus/less]: Original Issue [Premium/Discount]
Plus: Special Taxes on Hand
Less: Underwriter's Discount
Total Sources
Deposit to Accounts within the Improvement Fund0)
City Account
School District Account
Water District Account
Acquisition Account
Deposit to Reserve Fund(�)
Deposit to Capitalized Interest Payment Account(3)
Deposit to Costs of Issuance Fund(4)
Total Uses
0) See "PLAN OF FINANCING —Overview — Funding for Improvements" and "THE DISTRICT —The Improvements." (2) An amount equal to the Reserve Requirement as of the date of issuance of the 2025 Bonds. See "SECURITY FOR THE 2025 BONDS —Reserve Fund."
0) To be used to pay the interest due on the 2025 Bonds through September 1, 2026 and a portion of the interest due on the 2025 Bonds through September 1, 2027, as necessary. See "THE DISTRICT —Assignment of Assessor Parcel Numbers and Assessor Parcel Segregation Process."
(4) Costs of issuance include, without limitation, Fiscal Agent fees and expenses, Municipal Advisor fees and expenses, the fees and expenses of Bond Counsel, Disclosure Counsel and Counsel to the Authority, printing costs and other costs related to the issuance of the 2025 Bonds.

THE 2025 BONDS
Authority for Issuance
The 2025 Bonds are authorized to be issued pursuant to the Act, a resolution adopted on [September 23, 2025], by the Board of Directors, acting as the legislative body of the District, and the Fiscal Agent Agreement.

The Special Taxes to be used to pay debt service on the 2025 Bonds are being levied in accordance with the Rate and Method.

General Provisions
The 2025 Bonds will be issued only as fully registered bonds, in denominations of $5,000 and integral multiples thereof, and will bear interest at the rates per annum and will mature on the dates set forth on the inside cover page of this Official Statement. Interest will be calculated on the basis of a 360-day year composed of twelve 30-day months. The 2025 Bonds will be dated the date of their issuance and interest will be payable on each Interest Payment Date, commencing March 1, 2026.

Each 2025 Bond will bear interest from the Interest Payment Date next preceding the date of authentication thereof, unless (a) it is authenticated on an Interest Payment Date, in which event it will bear interest from such date of authentication, or (b) it is authenticated prior to an Interest Payment Date and after the close of business on the Record Date preceding such Interest Payment Date, in which event it will bear interest from such Interest Payment Date, or (c) it is authenticated on or before February 15, 2026, in which event it will bear interest from the date of issuance of the 2025 Bonds; provided, however, that if, as of the date of authentication of any 2025 Bond interest thereon is in default, such 2025 Bond will bear interest from the Interest Payment Date to which interest has previously been paid or made available for payment thereon. "Record Date" is defined in the Fiscal Agent Agreement as the fifteenth day of the month next preceding the month of the applicable Interest Payment Date, whether or not such fifteenth (15th) day is a Business Day. 10 4931-6664-944lv5/201033-0003

The 2025 Bonds will be payable both as to principal and interest, and as to any premium upon the redemption thereof, in lawful money of the United States of America. The principal of the 2025 Bonds and any premium due upon the redemption thereof will be payable upon presentation and surrender at the principal corporate trust office of the Fiscal Agent. Interest on each 2025 Bond will be computed using a year of 360 days comprised of twelve 30-day months. The Fiscal Agent Agreement provides that, in any case where the date of the payment of debt service on the 2025 Bonds or the date fixed for redemption of any 2025 Bonds is other than a Business Day, the payment of debt service or the redemption need not be made on such date but may be made on the next succeeding day which is a Business Day with the same force and effect as if made on the date required and no interest shall accrue on the 2025 Bonds for the period from and after such date.

The 2025 Bonds will be issued in book -entry form only and, when delivered, will be registered in the name of Cede & Co., as nominee of DTC, which will act as securities depository for the 2025 Bonds. Individual purchases of the 2025 Bonds will be made in Authorized Denominations in book -entry form only. Purchasers of the 2025 Bonds will not receive physical certificates representing their ownership interests in the 2025 Bonds purchased. Principal and interest payments represented by the 2025 Bonds are payable directly to DTC by the Fiscal Agent. Upon receipt of payments of principal and interest, DTC will in turn distribute such payments to the beneficial owners of the 2025 Bonds. See Appendix G — "DTC and the Book -Entry Only System." So long as the 2025 Bonds are registered in the name of Cede & Co., as nominee of DTC, references in this Official Statement to the owners of the 2025 Bonds shall mean Cede & Co., and shall not mean the purchasers or Beneficial Owners of the 2025 Bonds.

Redemption*
Optional Redemption. The 2025 Bonds maturing on or after September 1, 20 are subject to optional redemption prior to their stated maturities on any Interest Payment Date occurring on or after September 1, 20, as a whole or in part in an amount equal to $5,000 or any integral multiple thereof, among maturities so as to maintain substantially level debt service on the Bonds, and by lot within a maturity, upon payment from any source of funds available for that purpose, at a redemption price (expressed as a percentage of the principal amount of the 2025 Bonds to be redeemed), as set forth below, together with accrued interest thereon to the date fixed for redemption:

Redemption Dates Redemption Prices
September 1, 20
and March 1, 20_ %
September 1, 20_
and March 1, 20_
September 1, 20
and March 1, 20_
September 1, 20_
and any Interest Payment Date
thereafter
Mandatory Sinking Payment Redemption. The 2025 Bonds maturing on September 1, 20 , are subject to mandatory sinking payment redemption in part on September 1, 20_, and on each September 1 thereafter to maturity, by lot, at a redemption price equal to the principal amount thereof to be redeemed, together with accrued interest to the date fixed for redemption, without premium, from sinking payments as follows:

Redemption Date(September 1) Sinking Payments
(maturity)
* Preliminary, subject to change.
11 4931-6664-9441v5/201033-0003

The Series 2025 Bonds maturing on September 1, 20_ are subject to mandatory sinking payment redemption in part on September 1, 20_, and on each September 1 thereafter to maturity, by lot, at a redemption price equal to the principal amount thereof to be redeemed, together with accrued interest to the date fixed for redemption, without premium, from sinking payments as follows:

Redemption Date
(September 1) Sinking Payments
(maturity)
The Series 2025 Bonds maturing on September 1, 20 are subject to mandatory sinking payment redemption in part on September 1, 20_, and on each September 1 thereafter to maturity, by lot, at a redemption price equal to the principal amount thereof to be redeemed, together with accrued interest to the date fixed for redemption, without premium, from sinking payments as follows:

Redemption Date
(September 1) Sinking Payments
(maturity)
The Series 2025 Bonds maturing on September 1, 20_ are subject to mandatory sinking payment redemption in part on September 1, 20 , and on each September 1 thereafter to maturity, by lot, at a redemption price equal to the principal amount thereof to be redeemed, together with accrued interest to the date fixed for redemption, without premium, from sinking payments as follows:

Redemption Date
(September 1) Sinking Payments
(maturity)
The amounts in the foregoing tables will be reduced as a result of any prior partial redemption of the 2025 Bonds pursuant to the optional redemption or redemption from Special Tax A prepayments provisions of the Fiscal Agent Agreement, as specified in writing by the Authority's Treasurer to the Fiscal Agent.

Mandatory Redemption From Special Tax Prepayments. The 2025 Bonds are subject to mandatory redemption prior to their stated maturity on any Interest Payment Date, from the proceeds of Special Tax Prepayments and corresponding transfers of funds from the Reserve Fund (as described below under "SECURITY FOR THE 2025 BONDS —Reserve Fund"), as a whole or in part in an amount equal to $5,000 or any integral multiple thereof, at a redemption price (expressed as a percentage of the principal amount of the 2025 Bonds to be redeemed), as set forth below, together with accrued interest thereon to the date fixed for redemption:
12 4931-6664-9441v5/201033-0003

Redemption Dates Redemption Prices
any Interest Payment Date from September 1, 20 to %
and including March 1, 20_
September 1, 20 and March 1, 20
September 1, 20 and March 1, 20
September 1, 20— and any Interest Payment
Date thereafter
To date, no prepayments of Special Taxes have been made by the owners of the Taxable Parcels in the District, and the Developer has advised that it has no current plans to make any partial or full prepayments of Special Taxes. No assurance can be given, however, that prepayments in whole or in part of Special Taxes levied on the Taxable Property will not occur in the future, which would result in a redemption to 2025 Bonds prior to their maturity. See "SECURITY FOR THE 2025 BONDS —Summary of Rate and Method — Prepayment in Full," and "—Prepayment in Part" and "SPECIAL RISK FACTORS —Potential Early Redemption of 2025 Bonds from Special Tax Prepayments." Purchase of 2025 Bonds In Lieu of Redemption. In lieu of redemption as described above, moneys in the Bond Fund may be used and withdrawn by the Fiscal Agent for purchase of Outstanding 2025 Bonds, upon the filing with the Fiscal Agent of an Officer's Certificate requesting such purchase prior to the selection of 2025 Bonds for redemption, at public or private sale as and when, and at such prices (including brokerage and other charges) as such Officer's Certificate may provide, but in no event may 2025 Bonds be purchased at a price in excess of the principal amount thereof, plus interest accrued to the date of purchase and any premium which would otherwise be due if such 2025 Bonds were redeemed in accordance with the Fiscal Agent Agreement.

Selection of 2025 Bonds for Redemption. Whenever provision is made in the Fiscal Agent Agreement for the redemption of less than all of the 2025 Bonds (other than pursuant to the mandatory sinking payment redemption provisions of the Fiscal Agent Agreement), the Fiscal Agent will select the 2025 Bonds to be redeemed from among the maturities of the 2025 Bonds or such given portion thereof not previously redeemed as directed by the Treasurer (who shall specify 2025 Bonds to be redeemed so as to maintain substantially level debt service on the Bonds) and within a maturity by lot in any manner which the Fiscal Agent deems appropriate.

Notice of Redemption. The Fiscal Agent will cause notice of any redemption to be mailed by first class mail, postage prepaid, or by such other means as is acceptable to the recipient thereof, at least 20 days but not more than 60 days prior to the date fixed for redemption, to the Securities Depositories and to one or more Information Services, and to the respective registered Owners of any 2025 Bonds designated for redemption, at their addresses appearing on the Bond registration books maintained by the Fiscal Agent; but such mailing is not a condition precedent to redemption and failure to mail or to receive any such notice, or any defect therein, will not affect the validity of the proceedings for the redemption of such 2025 Bonds.

The redemption notice will state the redemption date and the redemption price and, if less than all of the then Outstanding 2025 Bonds are to be called for redemption, will designate the CUSIP numbers and, if applicable, Bond numbers of the 2025 Bonds to be redeemed by giving the individual CUSIP number and, if applicable, Bond number of each Bond to be redeemed or if Bond numbers have been assigned by the Fiscal Agent to the 2025 Bonds will state that all 2025 Bonds between two stated Bond numbers, both inclusive, are to be redeemed or that all of the 2025 Bonds of one or more maturities have been called for redemption, will state as to any Bond called in part the principal amount thereof to be redeemed, and will require that such 2025 Bonds be then surrendered at the Principal Office of the Fiscal Agent for redemption at the said redemption price, and will state that further interest on such 2025 Bonds will not accrue from and after the redemption date.

Notwithstanding the foregoing, in the case of any redemption of the 2025 Bonds pursuant to the redemption provisions described above under "— Optional Redemption" the notice of redemption may state that the redemption is conditioned upon receipt by the Fiscal Agent of sufficient moneys to redeem the 2025 Bonds on the anticipated redemption date, and that the redemption will not occur if by no later than the scheduled 13 4931-6664-9441v5/201033-0003

redemption date sufficient moneys to redeem the 2025 Bonds have not been deposited with the Fiscal Agent. In the event that the Fiscal Agent does not receive sufficient funds by the scheduled redemption date to so redeem the 2025 Bonds to be redeemed, the Fiscal Agent will send written notice to the owners of the 2025 Bonds, to the Securities Depositories and to one or more of the Information Services to the effect that the redemption did not occur as anticipated, and the 2025 Bonds for which notice of redemption was given will remain Outstanding for all purposes of the Fiscal Agent Agreement.

Effect of Redemption. From and after the date fixed for redemption, if funds available for the payment of the principal of, and interest and any premium on, the 2025 Bonds so called for redemption have been deposited in the Bond Fund, such 2025 Bonds so called will cease to be entitled to any benefit under the Fiscal Agent Agreement other than the right to receive payment of the redemption price, and no interest will accrue thereon on or after the specified redemption date.

Tender of 2025 Bonds in Payment of Special Taxes. The Authority has covenanted in the Fiscal Agent Agreement not to permit the tender of Bonds in payment of any Special Taxes except upon receipt of a certificate of an Independent Financial Consultant that to accept such tender will not result in the Authority having insufficient Special Tax Revenues to pay the principal of and interest on the Bonds that will remain Outstanding following such tender.

Transfer or Exchange of 2025 Bonds
So long as the 2025 Bonds are registered in the name of Cede & Co., as nominee of DTC, transfers and exchanges of 2025 Bonds shall be made in accordance with DTC procedures. See Appendix G — "DTC and the Book -Entry Only System." If the book -entry only system for the 2025 Bonds is ever discontinued, 2025 Bonds may, in accordance with its terms, be transferred or exchanged in Authorized Denominations by the person in whose name it is registered, in person or by his duly authorized attorney, upon surrender of such 2025 Bond for cancellation, accompanied by delivery of a duly written instrument of transfer in a form acceptable to the Fiscal Agent. Whenever any 2025 Bond or 2025 Bonds are surrendered for transfer or exchange, the Authority will execute and the Fiscal Agent will authenticate and deliver a new 2025 Bond or 2025 Bonds, for a like principal amount of 2025 Bonds of Authorized Denominations and of the same maturity. The Fiscal Agent will collect from the Owner requesting such transfer any tax or other governmental charge required to be paid with respect to such transfer or exchange.

No transfers or exchanges of 2025 Bonds will be required to be made (i) within the 15 days prior to the date designated by the Fiscal Agent as the date for selecting 2025 Bonds for redemption, (ii) with respect to any 2025 Bond after such 2025 Bond has been selected for redemption, or (iii) between a Record Date and the succeeding Interest Payment Date.

Discontinuance of DTC Services
DTC may determine to discontinue providing its services with respect to the 2025 Bonds by giving written notice to the Fiscal Agent during any time that the 2025 Bonds are Outstanding, and discharging its responsibilities with respect to the 2025 Bonds under applicable law. The Authority may terminate the services of DTC with respect to the 2025 Bonds if it determines that DTC is unable to discharge its responsibilities with respect to the 2025 Bonds or that continuation of the system of book -entry transfers through DTC is not in the best interest of the Beneficial Owners. The Authority will mail any such notice of termination to the Fiscal Agent.

Upon the termination of the services of DTC as provided in the previous paragraph, and if no substitute Depository willing to undertake the functions can be found which is willing and able to undertake such functions upon reasonable or customary terms, or if the Authority determines that it is in the best interest of the Beneficial Owners of the 2025 Bonds that they obtain certificated Bonds, the 2025 Bonds will no longer be restricted to being registered in the Registration Books of the Fiscal Agent in the name of Cede & Co., as nominee of DTC, 14 4931-6664-9441v5/201033-0003

but may be registered in whatever name or names the Owners designate at that time, in accordance with the Fiscal Agent Agreement.

To the extent that the Beneficial Owners are designated as the transferees by the Owners, the 2025 Bonds will be delivered to such Beneficial Owners as soon as practicable in accordance with the Fiscal Agent Agreement.

Scheduled Debt Service
The following table shows the annual scheduled debt service on the 2025 Bonds, assuming no optional redemption of the 2025 Bonds and no redemption of the 2025 Bonds from Special Tax Prepayments:

Bond Year ending
September I Principal(') Interest Total
2026
2027
2028
2029
2030
2031
2032
2033
2034
2035
2036
2037
2038
2039
2040
2041
2042
2043
2044
2045
2046
2047
2048
2049
2050
2051
2052
2053
2054
2055
2056
Totals
0) Includes sinking fund redemptions.
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SECURITY FOR THE 2025 BONDS
General
Pursuant to the Fiscal Agent Agreement, the 2025 Bonds are secured by a first pledge of all of the Special Tax Revenues (other than, each Fiscal Year, a maximum of $30,000 of Special Tax Revenues that may be deposited to the Administrative Expense Fund on a priority basis), and all moneys deposited in the Bond Fund (including the Capitalized Interest Account and the Special Tax Prepayments Account therein), the Reserve Fund and, until disbursed in accordance with the Fiscal Agent Agreement, the Special Tax Fund. Special Tax Revenues including only the Special Tax A collected and received by the Authority and do not include penalties, if any, collected in respect of delinquent Special Taxes. The Special Tax Revenues and all moneys deposited into said funds (except as otherwise provided in the Fiscal Agent Agreement) are dedicated to the payment of the principal of, and interest and any premium on, the 2025 Bonds in accordance with the Fiscal Agent Agreement until all of the 2025 Bonds have been paid or defeased.

Amounts in the Administrative Expense Fund, the accounts within the Improvement Fund and the Costs of Issuance Fund, and up to $30,000 of the first Special Tax Revenues collected in any Fiscal Year that may be deposited to the Administrative Expense Fund on a priority basis, are not pledged to the repayment of the 2025 Bonds. The Improvements are not pledged as collateral for the 2025 Bonds. The proceeds of condemnation or destruction of any of the Improvements are not pledged to pay the Debt Service on the 2025 Bonds.

Limited Obligation
The 2025 Bonds are limited obligations of the Authority on behalf of the District and are payable solely from and secured solely by the revenues from the Special Tax A and the amounts in the Bond Fund (including the Capitalized Interest Account and the Special Tax Prepayments Account therein), the Reserve Fund, and the Special Tax Fund created pursuant to the Fiscal Agent Agreement. In the event that the Special Taxes are not paid when due, the only sources of funds available to repay the 2025 Bonds are amounts held by the Fiscal Agent under the Fiscal Agent Agreement in the Bond Fund, the Reserve Fund, and the Special Tax Fund, and the proceeds, if any, from foreclosure sales of parcels with delinquent Special Tax levies.

Special Taxes
In accordance with the provisions of the Act, the Rate and Method was approved in 2024 by the Developer, as the then owner of all of the property in the District. The Rate and Method is set forth in its entirety in Appendix B. The Rate and Method provides for the levy of a "Special Tax A" in order to fund the annual "Special Tax A Requirement," which includes amounts needed to pay the debt service on the Bonds, to pay costs of administering the Bonds and the District, to replenish any draws on the Reserve Fund and to pay directly for costs of the Improvements. The Rate and Method also provides for the levy of a "Special Tax B" in order to fund the annual "Special Tax B Requirement," which includes amounts needed to pay costs of services authorized to be funded by the District and to pay related administrative expenses, and the levy of a "Special Tax C" in order to fund the annual "Special Tax C Requirement," and which effectively replaces Special Tax B following the payment or defeasance of the Bonds, and which includes amounts needed to pay costs of services authorized to be funded by the District and to pay related administrative expenses. See "INTRODUCTION — The District" and "SECURITY FOR THE 2025 BONDS — Summary of Rate and Method." Proceeds of the Special Tax B and the Special Tax C levied on Taxable Property in the District to satisfy the annual Special Tax B Requirement and the Special Tax C Requirement, respectively, are not pledged, and will not be used, to pay debt service on the 2025 Bonds; and the term "Special Taxes" when used in this Official Statement includes only the Special Tax A levied to satisfy the annual Special Tax A Requirement.

Under the Fiscal Agent Agreement, the Authority is obligated to fix and levy the amount of Special Taxes within the District required for the timely payment of principal of and interest on the outstanding Bonds 16 4931-6664-9441v5/201033-0003

becoming due and payable, including any necessary replenishment of the Reserve Fund and an amount estimated to be sufficient to pay a portion of the Administrative Expenses, taking into account any prepayments of Special Taxes previously received by the Authority. The Special Taxes levied on any parcel of Taxable Property may not in any event exceed the maximum amount as provided in the Rate and Method and the Act.

The Special Taxes are payable and are to be collected in the same manner, at the same time and in the same installment as County ad valorem taxes on property levied on the secured tax roll are payable, and pursuant to the Act have the same priority, become delinquent at the same times and in the same proportionate amounts and bear the same proportionate penalties and interest after delinquency as do the taxes levied on the County secured tax roll. Notwithstanding the foregoing, the Special Taxes may be collected by means of direct billing of the property owners within the District, in which event the Special Taxes will become delinquent if not paid pursuant to such billing.

Although the Special Tax A, when levied, will constitute a lien on taxed parcels within the District, they do not constitute a personal indebtedness of the owners of the property within the District. Pursuant to Section 53356.1 of the Act, in the event of any delinquency in the payment of the Special Tax on a parcel of Taxable Property, the Authority may order the institution of a superior court action to foreclose the lien on the parcel of Taxable Property within specified time limits. In such an action, the real property subject to the unpaid amount of the Special Tax lien may be sold at judicial foreclosure sale. The Act provides that the Special Taxes are secured by a continuing lien that is subject to the same lien priority in the case of delinquency as ad valorem property taxes. See "SECURITY FOR THE 2025 BONDS —Summary of Rate and Method," and "—Covenant for Superior Court Foreclosure" and "SPECIAL RISK FACTORS —Parity Taxes and Special Assessments." The property located within the District is subject to other liens for taxes and assessments, and other such liens could come into existence in the future. See "THE DISTRICT —Direct and Overlapping Government Obligations" and "SPECIAL RISK FACTORS —Parity Taxes and Special Assessments." There is no assurance that any owner of a parcel subject to the Special Tax levy will be financially able to pay the annual Special Taxes or that it will pay such taxes even if financially able to do so. See "SPECIAL RISK FACTORS —Payment of Special Taxes is not a Personal Obligation."
Special Tax Fund
Deposit of Special Tax Revenues. The Fiscal Agent Agreement establishes a Special Tax Fund to be held by the Fiscal Agent. Under the Fiscal Agent Agreement, the Authority is obligated to transfer or cause to be transferred to the Fiscal Agent, for deposit by the Fiscal Agent in the Special Tax Fund, as soon as practicable following receipt, all Special Tax Revenues (which include only proceeds of Special Tax A collected and received by the Authority), which amounts are to be deposited by the Fiscal Agent to the Special Tax Fund.

(iii) any proceeds of Special Tax Prepayments will be remitted by the Treasurer to the Fiscal Agent for deposit by the Fiscal Agent in the Special Tax Prepayments Account and used to redeem Bonds; and
(iv) any Special Tax Revenues constituting the portion, if any, of the Special Tax A Requirement that is to pay directly for the acquisition or construction of any portion of the Improvements shall be separately identified by the Authority and shall be deposited by the Fiscal Agent in the Acquisition Account of the Improvement Fund established under the Fiscal Agent Agreement so long as the Acquisition Account of the Improvement Fund has not theretofore been closed, and if the Acquisition Account of the Improvement Fund has been closed, then such amount shall be retained by the Authority to be used to pay Improvement costs; and
(v) from time to time amounts may be transferred from the Special Tax Fund to the Rebate Account to satisfy the Authority's obligations under the Fiscal Agent Agreement.

Temecula City CouncilSeptember 23, 2025

Temecula City Council
September 23, 2025