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2022 03 01 Council CITY COUNCIL AGENDA Page 1 of 7 MARCH 1, 2022 CITY COUNCIL AGENDA CITY HALL COUNCIL CHAMBER 78495 Calle Tampico, La Quinta REGULAR MEETING ON TUESDAY, MARCH 1, 2022 3:00 P.M. CLOSED SESSION | 4:00 P.M. OPEN SESSION ****************************** SPECIAL NOTICE Teleconferencing and Telephonic Accessibility In Effect Pursuant to Executive Orders N-60-20 and N-08-21 executed by the Governor of California, and subsequently Assembly Bill 361 (AB 361, 2021), enacted in response to the state of emergency relating to novel coronavirus disease 2019 (COVID-19) and enabling teleconferencing accommodations by suspending or waiving specified provisions in the Ralph M. Brown Act (Government Code § 54950 et seq.), members of the public, the City Council, the City Manager, City Attorney, City Staff, and City Consultants may participate in this regular meeting by teleconference. Members of the public wanting to listen to the open session of the meeting may do so by tuning-in live via http://laquinta.12milesout.com/video/live. Members of the public wanting to address the City Council, either for a specific agenda item or matters not on the agenda are requested to follow the instructions listed below: Written public comments – can be provided in-person during the meeting or emailed to the City Clerk’s Office at CityClerkMail@LaQuintaCA.gov preferably by 2:00 p.m. on the day of the meeting, and will be distributed to the City Council, incorporated into the agenda packet and public record of the meeting, and will not be read during the meeting unless, upon the request of the Mayor, a brief summary of any public comment is asked to be read, to the extent the City Clerk’s Office can accommodate such request. City Council agendas and staff reports are available on the City’s web page: www.LaQuintaCA.gov CITY COUNCIL AGENDA Page 2 of 7 MARCH 1, 2022 The email “subject line” must clearly state “Written Comments” and list the following: 1) Full Name 4) Public Comment or Agenda Item Number 2) City of Residence 5) Subject 3) Phone Number 6) Written Comments *** TELECONFERENCE PROCEDURES *** Verbal public comments via Teleconference – members of the public may attend and participate in this meeting by teleconference via Zoom and use the “raise your hand” feature when public comments are prompted by the Mayor; the City will facilitate the ability for a member of the public to be audible to the City Council and general public and allow him/her/they to speak on the item(s) requested. Please note – members of the public must unmute themselves when prompted upon being recognized by the Mayor, in order to become audible to the City Council and the public. Only one person at a time may speak by teleconference and only after being recognized by the Mayor. ZOOM LINK: https://us06web.zoom.us/j/82540879912 Meeting ID: 825 4087 9912 Or join by phone: (253) 215 – 8782 It would be appreciated that any email communications for public comments related to the items on the agenda, or for general public comment, are provided to the City Clerk’s Office at the email address listed above prior to the commencement of the meeting. If that is not possible, and to accommodate public comments on items that may be added to the agenda after its initial posting or items that are on the agenda, every effort will be made to attempt to review emails received by the City Clerk’s Office during the course of the meeting. The Mayor will endeavor to take a brief pause before action is taken on any agenda item to a llow the City Clerk to review emails and share any public comments received during the meeting. All emails received by the City Clerk, at the email address above, until the adjournment of the meeting, will be included within the public record relating to the meeting. ****************************** CALL TO ORDER ROLL CALL: Councilmembers: Fitzpatrick, Peña, Radi, Sanchez, Mayor Evans PUBLIC COMMENT ON MATTERS NOT ON THE AGENDA At this time, members of the public may address the City Council on any matter not listed on the agenda by providing written public comments either in-person or via email as indicated above; or provide verbal public CITY COUNCIL AGENDA Page 3 of 7 MARCH 1, 2022 comments either in-person or via teleconference by joining the meeting virtually at https://us06web.zoom.us/j/82540879912 and use the “raise your hand” feature when prompted by the Mayor. Members of the public attending the meeting in-person are requested to complete a “Request to Speak” form and submit it to the City Clerk. Please limit your comments to three (3) minutes (or approximately 350 words). The City Council values your comments; however, in accordance with State law, no action shall be taken on any item not appearing on the agenda unless it is an emergency item authorized by the Brown Act [Government Code § 54954.2(b)]. CONFIRMATION OF AGENDA CLOSED SESSION 1. CONFERENCE WITH LEGAL COUNSEL - ANTICIPATED LITIGATION. SIGNIFICANT EXPOSURE TO LITIGATION PURSUANT TO PARAGRAPH (2) OR (3) OF SUBDIVISION (d) OF GOVERNMENT CODE SECTION 54956.9 (NUMBER OF POTENTIAL CASES: 1) RECESS TO CLOSED SESSION RECONVENE AT 4:00 P.M. REPORT ON ACTION(S) TAKEN IN CLOSED SESSION PLEDGE OF ALLEGIANCE PUBLIC COMMENT ON MATTERS NOT ON THE AGENDA At this time, members of the public may address the City Council on any matter not listed on the agenda by providing written public comments either in-person or via email as indicated above; or provide verbal public comments either in-person or via teleconference by joining the meeting virtually at https://us06web.zoom.us/j/82540879912 and use the “raise your hand” feature when prompted by the Mayor. Members of the public attending the meeting in-person are requested to complete a “Request to Speak” form and submit it to the City Clerk. Please limit your comments to three (3) minutes (or approximately 350 words). The City Council values your comments; however, in accordance with State law, no action shall be taken on any item not appearing on the agenda unless it is an emergency item authorized by the Brown Act [Government Code § 54954.2(b)]. ANNOUNCEMENTS, PRESENTATIONS, AND WRITTEN COMMUNICATIONS 1. PROCLAMATION RECOGNIZING CAPTAIN HERMAN LOPEZ WITH RIVERSIDE COUNTY SHERIFF’S DEPARTMENT FOR HIS PUBLIC SERVICE CITY COUNCIL AGENDA Page 4 of 7 MARCH 1, 2022 2. INTRODUCE RIVERSIDE COUNTY SHERIFF’S DEPARTMENT NEW CAPTAIN MICHAEL (MIKE) BIANCO 3. PROCLAMATION IN RECOGNITION OF MARCH AS RED CROSS MONTH 4. GREENLEAF DESERT VIEW POWER, LLC. – A WOODY BIOMASS ELECTRICAL GENERATING FACILITY ON THE CABAZON RESERVATION IN MECCA, CALIFORNIA - PRESENTATION OVERVIEW BY DIRECTOR OF OPERATIONS AND ENGINEERING MITCHELL MARTIN CONSENT CALENDAR NOTE: Consent Calendar items are routine in nature and can be approved by one motion. PAGE 1. EXCUSE ABSENCE OF COMMISSIONER DORSEY FROM THE MAY 11, 2022 FINANCIAL ADVISORY COMMISSION MEETING 9 2. RECEIVE AND FILE SECOND QUARTER FISCAL YEAR 2021/22 TREASURY REPORTS FOR OCTOBER, NOVEMBER, DECEMBER 2021 11 3. APPROVE DEMAND REGISTERS DATED FEBRUARY 11 AND 18, 2022 63 4. APPROVE PLANS, SPECIFICATIONS, ENGINEER’S ESTIMATE, AND ADVERTISE FOR BID THE JEFFERSON STREET AT AVENUE 53 ROUNDABOUT PROJECT NO. 2017-09 79 5. APPROVE MEETING MINUTES OF FEBRUARY 1, 2022 83 6. APPROVE JOINT SPECIAL MEETING OF THE LA QUINTA CITY COUNCIL AND HOUSING AUTHORITY MINUTES OF FEBRUARY 1, 2022 89 7. APPROVE MEETING MINUTES OF FEBRUARY 15, 2022 93 BUSINESS SESSION PAGE 1. APPROVE AGREEMENT FOR CONTRACT SERVICES WITH HGA TO PROVIDE MASTER PLANNING AND PRELIMINARY DESIGN SERVICES FOR THE LA QUINTA CULTURAL CAMPUS PROJECT NO. 2019-01 103 STUDY SESSION PAGE 1. DISCUSS SHORT-TERM VACATION RENTAL PROGRAM 2021 CHARACTERISTICS, COMPLIANCE AND ENFORCEMENT OVERVIEW; CURRENT AND FUTURE OBJECTIVES AND INITIATIVES; AND CITIZENS’ MEASURE INITIATIVE UPDATE 149 CITY COUNCIL AGENDA Page 5 of 7 MARCH 1, 2022 PUBLIC HEARINGS – after 5:00 p.m. For all Public Hearings on the agenda, a person may provide public comments in support or opposition of a project(s). If you challenge a project(s) 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 at, or prior to the public hearing. A person may submit written comments either in-person or via email at CityClerkMail@LaQuintaCA.gov; or provide verbal comments during the public hearing either in-person or via teleconference by joining the meeting virtually at https://us06web.zoom.us/j/82540879912 and use the “raise your hand” feature when prompted by the Mayor. Members of the public attending the meeting in-person are requested to complete a “Request to Speak” form and submit it to the City Clerk prior to consideration of the item. PAGE 1. ADOPT RESOLUTION TO VACATE 150-SQUARE-FOOT PORTION OF AVENIDA MORALES PUBLIC RIGHT-OF-WAY FRONTING 51780 AVENIDA MORALES IN THE SANTA CARMELITA AT VALE LA QUINTA SUBDIVISION, UNIT NO. 2 [RESOLUTION NO. 2022-005] 161 2. CONTINUED FROM FEBRUARY 15, 2022: INTRODUCE FOR FIRST READING AN ORDINANCE APPROVING A DEVELOPMENT AGREEMENT FOR POLO VILLAS RESIDENCES. CEQA: THE PROJECT IS CONSISTENT WITH PREVIOUSLY ADOPTED ENVIRONMENTAL ASSESSMENTS 2005- 537 AND 2010-608. LOCATION: WEST OF MADISON STREET BETWEEN AVENUES 50 AND 52 [ORDINANCE NO. 599] 181 DEPARTMENTAL REPORTS 1. CITY MANAGER 2. CITY ATTORNEY 3. CITY CLERK 4. COMMUNITY RESOURCES 5. DESIGN AND DEVELOPMENT 6. FINANCE 7. PUBLIC WORKS MAYOR’S AND COUNCIL MEMBERS’ ITEMS REPORTS AND INFORMATIONAL ITEMS 1. CVAG CONSERVATION COMMISSION (Evans) 2. CVAG ENERGY AND ENVIRONMENTAL RESOURCES COMMITTEE (Evans) 3. CVAG EXECUTIVE COMMITTEE (Evans) CITY COUNCIL AGENDA Page 6 of 7 MARCH 1, 2022 4. GREATER PALM SPRINGS CONVENTION AND VISITORS BUREAU (Evans) 5. IMPERIAL IRRIGATION DISTRICT – COACHELLA VALLEY ENERGY COMMISSION (Evans) 6. LEAGUE OF CALIFORNIA CITIES DELEGATE (Evans) 7. COACHELLA VALLEY WATER DISTRICT JOINT POLICY COMMITTEE (Evans) 8. SOUTHERN CALIFORNIA ASSOCIATION OF GOVERNMENTS (Evans) 9. ECONOMIC DEVELOPMENT SUBCOMMITTEE (Evans & Fitzpatrick) 10. COACHELLA VALLEY MOUNTAINS CONSERVANCY (Fitzpatrick) 11. DESERT RECREATION DISTRICT COMMITTEE (Fitzpatrick & Radi) 12. COACHELLA VALLEY UNIFIED SCHOOL DISTRICT COMMITTEE (Fitzpatrick & Peña) 13. RIVERSIDE COUNTY TRANSPORTATION COMMISSION (Fitzpatrick) 14. SILVERROCK EVENT SITE AD HOC COMMITTEE (Fitzpatrick) 15. CANNABIS AD HOC COMMITTEE (Peña and Sanchez) 16. CVAG PUBLIC SAFETY COMMITTEE (Peña) 17. CVAG VALLEY-WIDE HOMELESSNESS COMMITTEE (Peña) 18. LEAGUE OF CALIFORNIA CITIES – PUBLIC SAFETY POLICY COMMITTEE (Peña) 19. IMPERIAL IRRIGATION DISTRICT – ENERGY CONSUMERS ADVISORY COMMITTEE (Peña) 20. COACHELLA VALLEY MOSQUITO AND VECTOR CONTROL DISTRICT (Peña) 21. COVID-19 SMALL BUSINESS EMERGENCY ECONOMIC RELIEF PROGRAM AD HOC COMMITTEE (Peña and Radi) 22. GREATER CV CHAMBER OF COMMERCE INFORMATION EXCHANGE COMMITTEE (Radi) 23. CVAG TRANSPORTATION COMMITTEE (Radi) 24. SUNLINE TRANSIT AGENCY (Radi) 25. CITYWIDE SECURITY CAMERAS AD HOC COMMITTEE (Radi) 26. DESERT SANDS UNIFIED SCHOOL DISTRICT COMMITTEE (Radi & Sanchez) 27. ANIMAL CAMPUS COMMISSION (Sanchez) 28. LEAGUE OF CALIFORNIA CITIES – TRANSPORTATION, COMMUNICATION AND PUBLIC WORKS POLICY COMMITTEE (Sanchez) 29. RIVERSIDE LOCAL AGENCY FORMATION COMMISSION (Sanchez) 30. FINANCIAL ADVISORY COMMITTEE MINUTES DATED NOVEMBER 10, 2021 275 31. FINANCIAL ADVISORY COMMITTEE MINUTES DATED DECEMBER 14, 2021 279 ADJOURNMENT ********************************* The next regular meeting of the City Council will be held on March 15, 2022, at 4:00 p.m. at the City Hall Council Chambers, 78495 Calle Tampico, La Quinta, CA 92253. DECLARATION OF POSTING I, Monika Radeva, City Clerk, of the City of La Quinta, do hereby declare that the foregoing Agenda for the La Quinta City Council meeting was posted on CITY COUNCIL AGENDA Page 7 of 7 MARCH 1, 2022 the City’s website, near the entrance to the Council Chambers at 78495 Calle Tampico, and the bulletin boards at the Stater Brothers Supermarket at 78630 Highway 111, and the La Quinta Cove Post Office at 51321 Avenida Bermudas, on February 25, 2022. DATED: February 25, 2022 MONIKA RADEVA, City Clerk City of La Quinta, California Public Notices  The La Quinta City Council Chamber is handicapped accessible. If special equipment is needed for the hearing impaired, please call the City Clerk’s office at (760) 777-7123, twenty-four (24) hours in advance of the meeting and accommodations will be made.  If special electronic equipment is needed to make presentations to the City Council, arrangements should be made in advance by contacting the City Clerk’s office at (760) 777-7123. A one (1) week notice is required.  If background material is to be presented to the Councilmembers during a City Council meeting, please be advised that eight (8) copies of all documents, exhibits, etc., must be supplied to the City Clerk for distribution. It is requested that this take place prior to the beginning of the meeting.  Any writings or documents provided to a majority of the City Council regarding any item(s) on this agenda will be made available for public inspection at the Community Development counter at City Hall located at 78495 Calle Tampico, La Quinta, California, 92253, during normal business hours. 8 City of La Quinta CITY COUNCIL MEETING: March 1, 2022 STAFF REPORT AGENDA TITLE: EXCUSE ABSENCE OF COMMISSIONER DORSEY FROM THE MAY 11, 2022 FINANCIAL ADVISORY COMMISSION MEETING RECOMMENDATION Excuse absence of Commissioner Keith Dorsey from the upcoming May 11, 2022 Financial Advisory Commission meeting. EXECUTIVE SUMMARY On February 9, 2022, Commissioner Dorsey advised staff that he will be absent from the May 11, 2022 Financial Advisory Commission meeting as he will be out of town attending his Doctorate Hooding Ceremony. Commissioner Dorsey has no excused or unexcused absences for fiscal year 2021/22. FISCAL IMPACT No meeting attendance compensation is paid to absent members. BACKGROUND/ANALYSIS The Municipal Code states: “If any member of a board, commission or committee absents him/herself from two consecutive regular meetings, or absents him/herself from a total of three regular meetings within any fiscal year, his/her office shall become vacant and shall be filled as any other vacancy. A board, commission or committee member may request advance permission from the city council to be absent at one or more regular meetings due to extenuating circumstances, and/or may request the city council to excuse an absence after-the-fact where such extenuating circumstances prevented the member from seeking advance permission to be absent. If such permission or excuse is granted by the city council, the absence shall not be counted toward the above-stated limitations on absences.” ALTERNATIVES Council may deny this request, which would result in the absence being counted toward the Commissioner’s limitation on absences as noted above. Prepared by: Laurie McGinley, Management Assistant Approved by: Monika Radeva, City Clerk CONSENT CALENDAR ITEM NO. 1 9 10 City of La Quinta CITY COUNCIL MEETING: March 1, 2022 STAFF REPORT AGENDA TITLE: RECEIVE AND FILE SECOND QUARTER FISCAL YEAR 2021/22 TREASURY REPORTS FOR OCTOBER, NOVEMBER, DECEMBER 2021 RECOMMENDATION Receive and file the second quarter fiscal year 2021/22 Treasury Reports for October, November and December 2021. BACKGROUND/ANALYSIS Commentary and Summary of Significant Activity The total book value of the portfolio increased $6.9 million, from $176.1 million at the end of September to $183.0 million at the end of December. The increase reflects operational activity throughout the quarter. The portfolio is within policy limits for investment types and total allocation by type (see chart below), and is also within policy guidelines for investment ratings. Investment Type October November December Max Allowed Bank Accounts 4.52% 5.86% 7.04% 100% Local Agency Investment Fund (LAIF) City 40.63% 39.84% 34.70% (1) Local Agency Investment Fund (LAIF) Housing 6.02% 5.90% 5.79% (1)(2) Money Market Pool Accounts-CAMP 0.49% 0.48% 0.47% 20% Federal Agency Coupons 14.19% 14.75% 17.18% 100% Treasury Coupons 7.03% 6.90% 8.94% 100% Certificates of Deposit (CD's)18.08% 17.45% 17.12% 30% Corporate Notes 1.33% 1.31% 1.28% 30% Money Market with Fiscal Agent 0.00% 0.00% 0.00% (2) CERBT- OPEB Trust 1.16% 1.14% 1.16% (3) PARS Pension Trust 6.54% 6.37% 6.32% (3) Total 100% 100% 100% (3) OPEB and pension trusts are fiduciary accounts and not subject to City Investment Policy (1) LAIF is subject to maximum dollar amount not a percentage of the portfolio (2) Funds held by fiscal agent and the LAIF Housing funds are governed by bond indentures and not subject to City Investment Policy Portfolio Allocations CONSENT CALENDAR ITEM NO. 2 11 The fiscal year annual effective rate of return is 0.77% as of December, which reflects a 30 basis point (bps) decrease since December 2020. The overall portfolio rate is declining as securities purchased when rates were higher are maturing and are being replaced with securities at significantly lower rates. Additionally, for liquidity purposes the City holds a substantial balance in the Local Agency Investment Fund (LAIF), which has also seen a decline in rates driven by the short-term bond market and Fed Funds rate. The LAIF rate was 2.04% in December of 2019, had dropped to 0.54% by December 2020 and was only 0.21% in December of 2021. City staff is evaluating liquidity needs and moving money from LAIF into investments that will provide greater yield. Throughout the quarter, six CDs and one U.S. Treasury matured, one CD was sold, and nine agency bonds, seven treasuries, and four CDs were purchased. Maturities and purchases are listed in detail in the attached reports. Other Notes Money market funds with the fiscal agent are bond proceeds subject to bond indentures, not the City’s investment policy. Successor Agency (SA) funds cannot be invested long-term; therefore, SA funds are only invested in LAIF. Looking Ahead The Treasurer follows a “buy and hold” Investment Policy unless it is fiscally advantageous to actively trade outside of maturity dates. In the short term, the Treasurer will invest in CAMP and LAIF as needed. Longer term investments may include Government Sponsored Enterprise (agencies) securities, U.S. Treasuries, Corporate Notes, and Negotiable Certificates of Deposits. All investments recognize both immediate and long-term cash flow needs, and there is sufficient liquidity in the portfolio to meet expenditure requirements for the next six months. ALTERNATIVES - None Prepared by: Rosemary Hallick, Financial Services Analyst Approved by: Claudia Martinez, Finance Director/City Treasurer Attachment: 1. Treasurer’s Report for October 1, 2021 to December 31, 2021 Total Earnings Average Days to Maturity Effective Rate of Return YTD October 159,122$ 419 0.80% November 104,459$ 418 0.79% December 100,276$ 448 0.77% Quarter 2 363,858$ 428 0.79% 12 ATTACHMENT 113 13ATTACHMENT 1 Days to Maturity Page 1 Par Value Book Value Maturity Date Stated RateMarket Value October 31, 2021 Portfolio Details - Investments Average BalanceIssuer Portfolio Management City of La Quinta YTM 365TermCUSIPInvestment # Purchase Date Bank Accounts 1Bank of New York1293 4,017,708.13 4,017,708.1309/01/2020 4,017,708.13 1SYS1293 0.000 1Bank of the West1228 3,189,065.93 3,189,065.9308/20/2019 3,189,065.93 1059731851 0.000 1City Petty Cash1059 3,300.00 3,300.0007/01/2016 3,300.00 1SYS1059 0.000 1Dune Palms Mobile Estates1318 378,955.53 378,955.5303/09/2021 378,955.53 1SYS1318 0.000 1La Quinta Palms Realty1062 367,857.92 367,857.9207/01/2016 367,857.92 1SYS1062 0.000 7,956,887.51 17,956,887.517,956,887.519,905,895.26Subtotal and Average 1 0.000 Local Agency Investment Fund-City 1Local Agency Inv Fund1055 71,519,640.72 71,519,640.72 0.20371,525,193.90 198-33-434 0.203 71,519,640.72 171,525,193.9071,519,640.7271,500,752.25Subtotal and Average 1 0.203 Local Agency Invstmnt Fund-Housing 1Local Agency Inv Fund1113 10,595,773.49 10,595,773.49 0.20310,596,651.37 125-33-005 0.203 10,595,773.49 110,596,651.3710,595,773.4910,592,861.44Subtotal and Average 1 0.203 Money Market/Mutual Funds 1Dreyfus12940.00 0.0007/01/2021 0.00 1X9USDDTP3 0.000 0.00 00.000.000.00Subtotal and Average 0 0.000 Money Market Accounts - CAMP 1California Asset Management Pr1153 855,558.44 855,558.44 0.05009/26/2018 855,558.44 1SYS1153 0.050 855,558.44 1855,558.44855,558.44855,522.46Subtotal and Average 1 0.050 Federal Agency Coupon Securities 309Federal National Mtg Assn1233 1,000,000.00 992,100.00 09/06/20221.37510/29/2019 1,010,530.00 1,0433135G0W33 1.659 332Federal Farm Credit Bank1247 1,000,000.00 999,217.36 09/29/20221.40002/05/2020 1,011,530.00 9673133EGWJ0 1.430 406Federal Farm Credit Bank1198 500,000.00 499,500.00 12/12/20221.87506/20/2019 509,245.00 1,2713133EKQP4 1.905 543Federal Farm Credit Bank1340 500,000.00 499,002.04 04/28/20230.17010/22/2021 498,630.00 5533133EMX64 0.302 651Federal Farm Credit Bank1223 500,000.00 499,400.00 08/14/20231.60009/12/2019 510,000.00 1,4323133EKZK5 1.632 673Federal Farm Credit Bank1158 250,000.00 247,275.00 09/05/20232.80010/15/2018 260,557.50 1,7863133EJYL7 3.041 730Federal Farm Credit Bank1234 1,000,000.00 996,900.00 11/01/20231.60011/01/2019 1,020,810.00 1,4613133EK4X1 1.680 834Federal Home Loan Bank1177 500,000.00 498,550.00 02/13/20242.50003/01/2019 522,115.00 1,8103130AFW94 2.563 835Federal Farm Credit Bank1246 1,000,000.00 999,000.00 02/14/20241.43002/14/2020 1,018,010.00 1,4613133ELNE0 1.456 974Federal National Mtg Assn1206 500,000.00 495,950.00 07/02/20241.75007/15/2019 514,170.00 1,8143135G0V75 1.922 998Federal Farm Credit Bank1212 500,000.00 499,500.00 07/26/20241.85008/02/2019 514,935.00 1,8203133EKWV4 1.871 Portfolio CITY CP Run Date: 02/17/2022 - 13:19 PM (PRF_PM2) 7.3.0 Report Ver. 7.3.6.11414 Days to Maturity Page 2 Par Value Book Value Maturity Date Stated RateMarket Value October 31, 2021 Portfolio Details - Investments Average BalanceIssuer Portfolio Management City of La Quinta YTM 365TermCUSIPInvestment # Purchase Date Federal Agency Coupon Securities 1,051Federal Farm Credit Bank1224 500,000.00 498,750.00 09/17/20241.60009/17/2019 511,675.00 1,8273133EKP75 1.652 1,051Federal Farm Credit Bank1242 1,000,000.00 998,600.00 09/17/20241.70012/17/2019 1,026,190.00 1,7363133ELEA8 1.731 1,113Federal National Mtg Assn1291 500,000.00 499,250.00 11/18/20240.42011/18/2020 495,480.00 1,4613135G06E8 0.458 1,155Federal National Mtg Assn1300 500,000.00 500,000.00 12/30/20240.40012/30/2020 495,445.00 1,4613135GAAW1 0.400 1,303Federal Home Loan Mtg Corp1279 1,000,000.00 1,000,000.00 05/27/20250.62505/27/2020 989,940.00 1,8263134GVYG7 0.625 1,316Federal Farm Credit Bank1280 500,000.00 499,850.00 06/09/20250.50006/09/2020 492,815.00 1,8263133ELH23 0.506 1,317Federal Farm Credit Bank1282 500,000.00 500,000.00 06/10/20250.68006/10/2020 496,385.00 1,8263133ELH80 0.680 1,320Federal Home Loan Bank1281 500,000.00 499,850.00 06/13/20250.50006/03/2020 491,615.00 1,8363130AJKW8 0.506 1,337Federal Home Loan Bank1283 300,000.00 300,000.00 06/30/20250.68006/30/2020 296,481.00 1,8263130AJRP6 0.680 1,358Federal Home Loan Mtg Corp1297 1,000,000.00 997,300.00 07/21/20250.37512/07/2020 978,820.00 1,6873137EAEU9 0.434 1,382Federal National Mtg Assn1288 500,000.00 500,000.00 08/14/20250.50008/14/2020 493,425.00 1,8263135G05S8 0.500 1,386Federal National Mtg Assn1290 500,000.00 499,750.00 08/18/20250.52008/28/2020 494,030.00 1,8163136G4M75 0.530 1,389Federal National Mtg Assn1289 1,000,000.00 1,000,000.00 08/21/20250.56008/21/2020 984,170.00 1,8263136G4N74 0.560 1,422Federal Home Loan Mtg Corp1307 500,000.00 495,999.50 09/23/20250.37502/23/2021 487,805.00 1,6733137EAEX3 0.552 1,422Federal Home Loan Mtg Corp1310 1,000,000.00 983,940.00 09/23/20250.37503/30/2021 975,610.00 1,6383137EAEX3 0.740 1,477Federal National Mtg Assn1292 500,000.00 499,250.00 11/17/20250.56011/17/2020 492,660.00 1,8263135GA2Z3 0.590 1,502Federal Home Loan Bank1298 500,000.00 497,400.00 12/12/20250.37512/07/2020 486,020.00 1,8313130AKFA9 0.480 1,513Federal National Mtg Assn1299 500,000.00 500,000.00 12/23/20250.60012/23/2020 492,760.00 1,8263135GA7D7 0.600 1,520Federal Home Loan Mtg Corp1301 500,000.00 500,000.00 12/30/20250.55012/30/2020 493,190.00 1,8263134GXGZ1 0.550 1,535Federal Home Loan Bank1302 500,000.00 500,000.00 01/14/20260.51001/14/2021 490,585.00 1,8263130AKMZ6 0.510 1,550Federal Home Loan Bank1304 500,000.00 500,000.00 01/29/20260.55001/29/2021 490,995.00 1,8263130AKN28 0.550 1,610Federal Home Loan Bank1312 500,000.00 500,000.00 03/30/20260.50003/30/2021 497,860.00 1,8263130ALV92 0.938 1,684Federal Home Loan Bank1324 1,000,000.00 993,420.00 06/12/20260.75006/17/2021 983,150.00 1,8213130AMFS6 0.885 1,743Federal Farm Credit Bank1330 500,000.00 498,000.00 08/10/20260.71008/10/2021 489,725.00 1,8263133EM2C5 0.792 1,774Federal Farm Credit Bank1338 1,000,000.00 991,080.00 09/10/20260.80009/28/2021 983,020.00 1,8083133EM4X7 0.985 1,794Federal Home Loan Bank1337 1,000,000.00 999,000.00 09/30/20261.00009/30/2021 989,430.00 1,8263130APBM6 1.021 1,807Federal Home Loan Bank1339 1,000,000.00 998,250.00 10/13/20260.95010/13/2021 987,890.00 1,8263130APB46 0.986 24,976,083.90 1,65124,977,703.5025,050,000.0024,251,630.91Subtotal and Average 1,218 1.024 Treasury Coupon Securities 195U.S. Treasury1192 500,000.00 496,650.00 05/15/20221.75005/31/2019 504,455.00 1,080912828SV3 1.984 333U.S. Treasury1178 500,000.00 489,687.50 09/30/20221.87503/01/2019 507,850.00 1,3099128282W9 2.480 637U.S. Treasury1341 500,000.00 497,792.97 07/31/20230.12510/22/2021 497,305.00 64791282CCN9 0.375 698U.S. Treasury1217 500,000.00 499,300.00 09/30/20231.37508/21/2019 508,455.00 1,501912828T26 1.410 805U.S. Treasury1342 1,000,000.00 991,000.00 01/15/20240.12510/22/2021 990,040.00 81591282CBE0 0.531 Portfolio CITY CP Run Date: 02/17/2022 - 13:19 PM (PRF_PM2) 7.3.0 1515 Days to Maturity Page 3 Par Value Book Value Maturity Date Stated RateMarket Value October 31, 2021 Portfolio Details - Investments Average BalanceIssuer Portfolio Management City of La Quinta YTM 365TermCUSIPInvestment # Purchase Date Treasury Coupon Securities 1,079U.S. Treasury1343 1,000,000.00 996,320.00 10/15/20240.62510/22/2021 996,090.00 1,08991282CDB4 0.750 1,125U.S. Treasury1241 1,000,000.00 989,687.50 11/30/20241.50012/16/2019 1,021,450.00 1,811912828YV6 1.718 1,460U.S. Treasury1311 1,000,000.00 977,500.00 10/31/20250.25003/30/2021 969,020.00 1,67691282CAT8 0.750 1,490U.S. Treasury1315 500,000.00 492,187.50 11/30/20250.37504/22/2021 486,230.00 1,68391282CAZ4 0.720 1,521U.S. Treasury1303 500,000.00 498,632.81 12/31/20250.37501/07/2021 485,685.00 1,81991282CBC4 0.431 1,552U.S. Treasury1309 500,000.00 495,100.00 01/31/20260.37502/23/2021 485,020.00 1,80391282CBH3 0.577 1,580U.S. Treasury1319 500,000.00 494,165.00 02/28/20260.50005/28/2021 487,245.00 1,73791282CBQ3 0.750 1,611U.S. Treasury1320 500,000.00 499,525.00 03/31/20260.75005/28/2021 491,975.00 1,76891282CBT7 0.770 1,611U.S. Treasury1322 500,000.00 498,450.00 03/31/20260.75006/17/2021 491,975.00 1,74891282CBT7 0.816 1,672U.S. Treasury1321 1,000,000.00 997,060.00 05/31/20260.75006/01/2021 982,500.00 1,82591282CCF6 0.810 1,672U.S. Treasury1323 500,000.00 497,095.00 05/31/20260.75006/17/2021 491,250.00 1,80991282CCF6 0.870 1,733U.S. Treasury1335 1,000,000.00 983,750.00 07/31/20260.62509/29/2021 974,920.00 1,76691282CCP4 0.970 1,764U.S. Treasury1336 1,000,000.00 988,500.00 08/31/20260.75009/29/2021 980,160.00 1,79791282CCW9 0.990 12,382,403.28 1,53812,351,625.0012,500,000.0012,579,068.69Subtotal and Average 1,287 0.968 Certificate of Deposits 16First Source Bank1168 245,000.00 245,000.00 11/17/20213.15012/17/2018 245,392.86 1,06633646CKP8 3.153 21Belmont Savings Bank1102 245,000.00 245,000.00 11/22/20212.10011/21/2017 245,325.00 1,462080515CD9 2.101 21TNB Bank1187 248,000.00 248,000.00 11/22/20212.40005/22/2019 248,378.58 91587266AAA1 2.407 50Neighbors FCU1167 245,000.00 245,000.00 12/21/20213.20012/21/2018 246,113.91 1,09664017AAQ7 3.203 51United Credit Union1214 248,000.00 248,000.00 12/22/20212.00008/22/2019 248,702.99 853910160AH3 2.003 79The Ohio Valley Bank1089 240,000.00 240,000.00 01/19/20221.90007/19/2017 240,967.40 1,645677721CN0 1.903 91Third Federal Savings and Loan1112 245,000.00 245,000.00 01/31/20222.50001/30/2018 246,482.74 1,46288413QBY3 2.502 92Discover Bank Greenwood DE CF1066 240,000.00 240,000.00 02/01/20222.25002/01/2017 241,322.54 1,8262546722U1 2.251 119Maine Savings FCU1171 248,000.00 248,000.00 02/28/20223.30012/28/2018 250,638.10 1,158560507AK1 3.306 137Luana Savings Bank1225 245,000.00 245,000.00 03/18/20221.60009/18/2019 246,351.68 912549104JN8 1.599 149Bellco Credit Union1264 248,000.00 248,000.00 03/30/20221.30003/31/2020 249,151.24 72907833EAD9 1.300 150Cadence Bank, NA1259 245,000.00 245,000.00 03/31/20221.20003/31/2020 246,040.16 73012738RFX7 1.200 150Bank of Santa Clarita1261 248,000.00 248,000.00 03/31/20221.10003/31/2020 248,948.12 73006424KBC3 1.100 179Farmers Insurance Group FCU1126 240,000.00 240,000.00 04/29/20222.80004/30/2018 243,152.81 1,46030960QAG2 2.802 197Kansas State Bank1101 245,000.00 245,000.00 05/17/20222.10011/17/2017 247,584.45 1,64250116CBE8 2.099 219PCSB Bank1149 245,000.00 245,000.00 06/08/20223.00006/08/2018 249,212.11 1,46169324MAD7 3.002 220Synovus Bank1253 245,000.00 245,000.00 06/09/20221.60003/09/2020 247,106.82 82287164DRD4 1.602 224Allegiance Bank1143 245,000.00 245,000.00 06/13/20223.10006/13/2018 249,458.92 1,46101748DBE5 3.102 239America's Credit Union1200 248,000.00 248,000.00 06/28/20222.30006/28/2019 251,481.49 1,09603065AAL7 2.302 Portfolio CITY CP Run Date: 02/17/2022 - 13:19 PM (PRF_PM2) 7.3.0 1616 Days to Maturity Page 4 Par Value Book Value Maturity Date Stated RateMarket Value October 31, 2021 Portfolio Details - Investments Average BalanceIssuer Portfolio Management City of La Quinta YTM 365TermCUSIPInvestment # Purchase Date Certificate of Deposits 280Traditions Bank1148 245,000.00 245,000.00 08/08/20223.00006/08/2018 250,329.59 1,52289269CBX9 3.002 295CIT Bank NA1219 245,000.00 245,000.00 08/23/20221.90008/23/2019 248,381.30 1,09612556LBA3 1.902 301American Express Fed Savings B1096 240,000.00 240,000.00 08/29/20222.40008/29/2017 244,300.23 1,82602587CFU9 2.402 301Sterling Bank1201 245,000.00 245,000.00 08/29/20222.15006/28/2019 248,873.59 1,15885916VDC6 2.153 346Alliance Credit Union1095 245,000.00 245,000.00 10/13/20222.25010/13/2017 249,580.22 1,82601859BAA3 2.251 358Barclays Bank1097 240,000.00 240,000.00 10/25/20222.30010/25/2017 244,760.97 1,82606740KLJ4 2.291 361Merrick Bank1163 248,000.00 248,000.00 10/28/20223.25010/30/2018 255,341.90 1,45959013J4K2 3.252 372Mountain America Federal CU1099 245,000.00 245,000.00 11/08/20222.30011/08/2017 249,938.43 1,82662384RAC0 2.301 382CrossFirst Bank1106 245,000.00 245,000.00 11/18/20222.20011/20/2017 249,808.39 1,82422766ACB9 2.201 392Enterprise Bank, NA1107 245,000.00 245,000.00 11/28/20222.15011/28/2017 249,798.93 1,82629367QCP1 2.151 401Medallion Bank1169 248,000.00 248,000.00 12/07/20223.40012/07/2018 256,363.11 1,46158404DCX7 3.402 401Red Rocks Credit Union1166 248,000.00 248,000.00 12/07/20223.35012/07/2018 256,224.28 1,46175701LAB3 3.352 423Knoxville TVA Credit Union1110 245,000.00 245,000.00 12/29/20222.40012/29/2017 250,739.74 1,826499724AB8 2.401 424Kern FCU1239 248,000.00 248,000.00 12/30/20221.90012/30/2019 252,276.76 1,09649228XAK6 1.902 424San Francisco FCU1240 248,000.00 248,000.00 12/30/20221.85012/30/2019 252,130.10 1,09679772FAC0 1.852 455Wells Fargo Natl Bank West1244 248,000.00 248,000.00 01/30/20231.90001/29/2020 252,500.63 1,097949495AT2 1.900 477Servisfirst Bank1254 248,000.00 248,000.00 02/21/20231.60002/21/2020 251,817.13 1,09681768PAF3 1.601 484Verus Bank of Commerce1180 248,000.00 248,000.00 02/28/20232.70002/28/2019 255,551.33 1,46192535LCD4 2.700 506Aneca Federal Credit Union1119 245,000.00 245,000.00 03/22/20232.80003/22/2018 253,037.66 1,826034577AH9 2.802 515Northstar Bank1263 248,000.00 248,000.00 03/31/20231.15003/31/2020 250,228.52 1,09566704MEQ0 1.150 515West Michigan Cmnty Bk1265 248,000.00 248,000.00 03/31/20231.15003/31/2020 250,228.52 1,095954444BS3 1.150 526Citibank NA1123 245,000.00 245,000.00 04/11/20232.90004/11/2018 253,612.02 1,82617312QJ26 2.902 543Congressional Bank1189 248,000.00 248,000.00 04/28/20232.50004/30/2019 255,507.86 1,45920726ABA5 2.502 543EnerBank USA1125 240,000.00 240,000.00 04/28/20232.95004/30/2018 248,897.18 1,82429278TAY6 2.952 550First National Bank1179 248,000.00 248,000.00 05/05/20232.80003/05/2019 256,637.68 1,52232117BCX4 2.802 583Pittsfield Cooperative Bank1194 245,000.00 245,000.00 06/07/20232.50006/07/2019 252,730.39 1,461725404AB3 2.502 596Morton Community1173 248,000.00 248,000.00 06/20/20232.75003/20/2019 257,034.64 1,553619165JD6 2.753 596RCB Bank1144 245,000.00 245,000.00 06/20/20233.15006/20/2018 255,548.14 1,82674934YAH4 3.152 602American First CU1285 248,000.00 248,000.00 06/26/20230.35006/26/2020 247,170.47 1,09502616AAH2 0.350 625American National Bank1205 248,000.00 248,000.00 07/19/20232.00007/19/2019 254,123.82 1,46102772JBD1 2.001 626First National Bank of America1147 245,000.00 245,000.00 07/20/20233.15007/20/2018 255,956.20 1,82632110YLK9 3.152 637Bank of New England1151 249,000.00 249,000.00 07/31/20233.25007/31/2018 260,525.59 1,82606426KAN8 3.252 660Raymond James Bank1218 244,000.00 244,000.00 08/23/20231.95008/23/2019 250,004.68 1,46175472RAD3 1.951 697Triad Bank1262 248,000.00 248,000.00 09/29/20231.35003/30/2020 251,314.81 1,27889579NCD3 1.352 715Cache Valley BK F/K/A Marlin1155 248,000.00 248,000.00 10/17/20233.30010/17/2018 260,978.90 1,82657116ARV2 3.302 715Municipal Trust and Savings1160 245,000.00 245,000.00 10/17/20233.20010/17/2018 257,336.59 1,826625925AR3 3.202 Portfolio CITY CP Run Date: 02/17/2022 - 13:19 PM (PRF_PM2) 7.3.0 1717 Days to Maturity Page 5 Par Value Book Value Maturity Date Stated RateMarket Value October 31, 2021 Portfolio Details - Investments Average BalanceIssuer Portfolio Management City of La Quinta YTM 365TermCUSIPInvestment # Purchase Date Certificate of Deposits 715UBS Bank USA1161 245,000.00 245,000.00 10/17/20233.35010/17/2018 258,064.55 1,82690348JEJ5 3.352 717Jefferson Financial CU1154 245,000.00 245,000.00 10/19/20233.35010/19/2018 258,082.29 1,826474067AQ8 3.352 744Commercial Bank1162 248,000.00 248,000.00 11/15/20233.40011/15/2018 261,868.51 1,82620143PDV9 3.402 757Numerica Credit Union1164 248,000.00 248,000.00 11/28/20233.55011/28/2018 262,887.64 1,82667054NAN3 3.552 780National Cooperative Bank, N.A1170 245,000.00 245,000.00 12/21/20233.40012/21/2018 259,207.90 1,826635573AL2 3.402 788Bar Harbor Bank and Trust1172 248,000.00 248,000.00 12/29/20233.35012/31/2018 262,152.89 1,824066851WJ1 3.352 819Lakeside Bank1208 248,000.00 248,000.00 01/29/20242.00007/30/2019 254,993.08 1,64451210SQU4 2.003 833Rollstone B&T1251 245,000.00 245,000.00 02/12/20241.65002/12/2020 250,042.39 1,46177579ADF0 1.651 834Northwest Bank1181 248,000.00 248,000.00 02/13/20242.95002/13/2019 260,547.76 1,82666736ABP3 2.951 848Wells Fargo1174 248,000.00 248,000.00 02/27/20243.00002/27/2019 261,046.26 1,826949763XY7 3.001 878Texas Bank Financial1260 245,000.00 245,000.00 03/28/20241.10003/31/2020 246,913.94 1,458882213AB7 1.101 896The Jefferson Bank1272 248,000.00 248,000.00 04/15/20241.25004/15/2020 250,758.29 1,461472382AQ3 1.251 897Belmont Bank and Trust1270 248,000.00 248,000.00 04/16/20241.25004/16/2020 250,761.32 1,46108016PDQ9 1.251 897Pacific Western Bank1269 245,000.00 245,000.00 04/16/20241.30004/16/2020 248,025.65 1,46169506YRH4 1.301 907Main Street Bank1188 248,000.00 248,000.00 04/26/20242.60004/26/2019 259,166.91 1,82756065GAG3 2.603 926First Service Bank1231 248,000.00 248,000.00 05/15/20241.70011/15/2019 253,551.47 1,64333640VDD7 1.701 927JP Morgan Chase1185 245,000.00 245,000.00 05/16/20243.25005/16/2019 260,182.66 1,82748128HXU7 3.254 934Iowa State Bank1186 245,000.00 245,000.00 05/23/20242.40005/23/2019 254,927.80 1,82746256YAZ2 2.403 939Live Oak Bank1238 248,000.00 248,000.00 05/28/20241.80011/27/2019 254,270.13 1,644538036GV0 1.802 940Century Next Bank1184 248,000.00 248,000.00 05/29/20242.50005/29/2019 258,622.81 1,827156634AK3 2.503 949Plains Commerce Bank1195 245,000.00 245,000.00 06/07/20242.55006/07/2019 255,892.81 1,82772651LCL6 2.553 954Evansville Teachers Credit FCU1196 248,000.00 248,000.00 06/12/20242.60006/12/2019 259,430.37 1,827299547AQ2 2.603 961Legacy Bank1197 248,000.00 248,000.00 06/19/20242.40006/19/2019 258,200.26 1,827524661CB9 2.403 963Citizens State Bank1199 248,000.00 248,000.00 06/21/20242.40006/21/2019 258,221.19 1,827176688CP2 2.403 970Communitywide FCU1202 248,000.00 248,000.00 06/28/20242.25006/28/2019 257,300.78 1,82720416TAQ5 2.253 970Revere Bank1203 247,000.00 247,000.00 06/28/20242.30006/28/2019 256,574.38 1,827761402BY1 2.303 998Abacus Federal Savings1207 248,000.00 248,000.00 07/26/20241.95007/26/2019 255,362.30 1,82700257TBD7 1.952 1,002First Security Bank of WA1209 248,000.00 248,000.00 07/30/20242.00007/30/2019 255,413.85 1,82733625CCP2 2.002 1,003People's Bank1210 248,000.00 248,000.00 07/31/20242.00007/31/2019 255,421.12 1,827710571DS6 2.002 1,019Preferred Bank1213 249,000.00 249,000.00 08/16/20242.00008/16/2019 256,730.99 1,827740367HP5 2.002 1,026FirsTier Bank1216 249,000.00 249,000.00 08/23/20241.95008/23/2019 256,432.06 1,82733766LAJ7 1.952 1,026Washington Federal1215 248,000.00 248,000.00 08/23/20242.00008/23/2019 255,752.04 1,827938828BH2 2.002 1,033First State Bk DeQueen1222 248,000.00 248,000.00 08/30/20241.80008/30/2019 254,067.33 1,827336460CX6 1.802 1,033First Natl Bk of Syracuse1221 249,000.00 249,000.00 08/30/20241.85008/30/2019 255,445.14 1,827334342CD2 1.852 1,033Celtic Bank1220 248,000.00 248,000.00 08/30/20241.85008/30/2019 254,419.26 1,82715118RRH2 1.852 1,044BMW Bank1333 245,000.00 245,000.00 09/10/20240.65009/10/2021 243,140.06 1,09605580AD50 0.651 Portfolio CITY CP Run Date: 02/17/2022 - 13:19 PM (PRF_PM2) 7.3.0 1818 Days to Maturity Page 6 Par Value Book Value Maturity Date Stated RateMarket Value October 31, 2021 Portfolio Details - Investments Average BalanceIssuer Portfolio Management City of La Quinta YTM 365TermCUSIPInvestment # Purchase Date Certificate of Deposits 1,061BankWest Inc1227 248,000.00 248,000.00 09/27/20241.70009/27/2019 253,674.59 1,82706652CHB0 1.702 1,089Southern Bancorp Bk1286 248,000.00 248,000.00 10/25/20240.50006/26/2020 244,752.76 1,58284223QAN7 0.500 1,102Sauk Valley B&T Co1235 248,000.00 248,000.00 11/07/20241.70011/07/2019 253,541.00 1,827804375DL4 1.702 1,115Morgan Stanley Bank1237 245,000.00 245,000.00 11/20/20241.95011/20/2019 252,395.03 1,82761690UNX4 1.952 1,115Morgan Stanley Private Bk, NA1236 245,000.00 245,000.00 11/20/20241.90011/20/2019 252,021.14 1,82761760A3B3 1.902 1,155Bank Princeton1287 248,000.00 248,000.00 12/30/20240.50006/30/2020 244,060.86 1,644064520BG3 0.500 1,179Transportation Alliance Bk TAB1328 248,000.00 248,000.00 01/23/20250.40007/23/2021 243,290.85 1,28089388CEY0 0.401 1,185Bank OZK1329 248,000.00 248,000.00 01/29/20250.40007/29/2021 243,155.82 1,28006417NZQ9 0.401 1,194United Community1249 248,000.00 248,000.00 02/07/20251.65002/07/2020 253,253.13 1,82790983WBT7 1.652 1,201First National Bank Michigan1250 248,000.00 248,000.00 02/14/20251.65002/14/2020 253,283.33 1,82732114VBT3 1.652 1,201Freedom Financial1248 248,000.00 248,000.00 02/14/20251.55002/14/2020 252,468.00 1,82735637RDC8 1.552 1,208American State1255 248,000.00 248,000.00 02/21/20251.60002/21/2020 252,903.55 1,827029728BC5 1.602 1,214Citadel FCU1252 248,000.00 248,000.00 02/27/20251.65002/27/2020 253,339.46 1,82717286TAG0 1.652 1,228Access Bank1256 248,000.00 248,000.00 03/13/20251.60003/13/2020 252,873.71 1,82600435JBH5 1.601 1,235Spring Bank1257 248,000.00 248,000.00 03/20/20251.50003/20/2020 252,063.18 1,826849430BF9 1.501 1,241Axos Bank1258 248,000.00 248,000.00 03/26/20251.65003/26/2020 253,345.21 1,82605465DAE8 1.651 1,243Alma Bank1267 248,000.00 248,000.00 03/28/20251.40003/30/2020 251,245.92 1,824020080BX4 1.399 1,246Commonwealth Business Bk1268 248,000.00 248,000.00 03/31/20251.25003/31/2020 249,756.94 1,8262027506M2 1.251 1,246Nicolet Natl Bank1266 248,000.00 248,000.00 03/31/20251.40003/31/2020 251,023.98 1,826654062JZ2 1.401 1,254Capital One USA FDIC339541271 245,000.00 245,000.00 04/08/20251.60004/08/2020 249,784.84 1,82614042TDD6 1.601 1,274First Natl Bk McGregor1274 248,000.00 248,000.00 04/28/20251.35004/28/2020 250,771.76 1,82632112UDR9 1.351 1,275First Freedom Bank1273 249,000.00 249,000.00 04/29/20251.20004/29/2020 250,370.53 1,82632027BAL1 1.201 1,276Flagstar1276248,000.00 248,000.00 04/30/20251.25004/30/2020 249,681.83 1,82633847E3A3 1.251 1,2881st Internet Bank1278 248,000.00 248,000.00 05/12/20251.00005/11/2020 247,633.47 1,82732056GDJ6 0.985 1,289Western State Bank1277 245,000.00 245,000.00 05/13/20251.00005/13/2020 244,637.95 1,82695960NKD8 1.001 1,331Chippewa Valley Bk1284 248,000.00 248,000.00 06/24/20250.60006/24/2020 243,901.10 1,826169894AS1 0.600 1,401Pentagon FCU1331 249,000.00 249,000.00 09/02/20250.70009/01/2021 245,237.16 1,46270962LAF9 0.687 1,543Landmark Community Bank1305 248,000.00 248,000.00 01/22/20260.50001/22/2021 241,340.87 1,82651507LCC6 0.500 1,564TIAA FKA EverBank1306 245,000.00 245,000.00 02/12/20260.50002/12/2021 238,256.56 1,82687270LDL4 0.500 1,627Greenstate FCU1313 249,000.00 249,000.00 04/16/20260.95004/16/2021 246,596.26 1,82639573LBC1 0.951 1,633Toyota Financial Savings Bank1314 245,000.00 245,000.00 04/22/20260.90004/22/2021 242,091.26 1,82689235MKY6 0.900 1,638Carter FCU1316 248,000.00 248,000.00 04/27/20260.75004/27/2021 243,389.54 1,82614622LAA0 0.750 1,641Fidelity Homestead1317 248,000.00 248,000.00 04/30/20260.70004/30/2021 242,633.99 1,82631617CAV5 0.711 1,702Vibrant Credit Union1325 249,000.00 248,377.50 06/30/20260.80007/02/2021 244,348.54 1,82492559TAJ7 0.852 1,730Goldman Sachs1326 248,000.00 248,000.00 07/28/20261.00007/28/2021 245,719.20 1,82638149MXK4 1.001 1,730Sallie Mae Bank Salt Lake CIty1327 248,000.00 248,000.00 07/28/20261.00007/28/2021 245,719.20 1,826795451AF0 1.001 Portfolio CITY CP Run Date: 02/17/2022 - 13:19 PM (PRF_PM2) 7.3.0 1919 Days to Maturity Page 7 Par Value Book Value Maturity Date Stated RateMarket Value October 31, 2021 Portfolio Details - Investments Average BalanceIssuer Portfolio Management City of La Quinta YTM 365TermCUSIPInvestment # Purchase Date Certificate of Deposits 1,767Synchrony Bank Retail1332 245,000.00 245,000.00 09/03/20260.90009/03/2021 241,325.97 1,82687165ET98 0.900 1,788Connect One1334 248,000.00 248,000.00 09/24/20260.80009/24/2021 243,033.85 1,82620786ADL6 0.800 31,823,377.50 1,60932,414,202.7531,824,000.0032,016,925.89Subtotal and Average 809 1.971 Corporate Notes 97Proctor and Gamble1159 500,000.00 487,950.00 02/06/20222.30010/15/2018 502,735.00 1,210742718DY2 3.071 409Wal-Mart Stores, Inc1190 500,000.00 496,650.00 12/15/20222.35004/16/2019 510,420.00 1,339931142DU4 2.799 457Colgate-Palmolive1175 500,000.00 485,250.00 02/01/20231.95003/04/2019 509,700.00 1,43019416QEA4 2.751 645Microsoft Corporation1157 400,000.00 378,360.00 08/08/20232.00010/15/2018 409,840.00 1,758594918BQ6 3.222 1,578International Finance Corp.1308 500,000.00 497,300.00 02/26/20260.50002/26/2021 488,790.00 1,82645950VPS9 0.610 2,345,510.00 1,5022,421,485.002,400,000.002,345,510.00Subtotal and Average 640 2.450 Money Market with Fiscal Agent 1US Bank1058 1,437.47 1,437.4707/01/2016 1,437.47 1SYS1058 0.000 1,437.47 11,437.471,437.471,437.46Subtotal and Average 1 0.000 CERBT - OPEB Trust 1CalPERS CERBT Plan1114 2,047,746.82 2,047,746.8207/01/2021 2,047,746.82 1SYS1114 0.000 2,047,746.82 12,047,746.822,047,746.822,047,746.82Subtotal and Average 1 0.000 PARS Pension Trust 1Pblc Agncy Rtrmnt Serv1230 11,516,891.60 11,516,891.6011,516,891.60 1SYS1230 0.000 11,516,891.60 111,516,891.6011,516,891.6011,343,427.21Subtotal and Average 1 0.000 654177,440,778.37 176,267,936.05 419 0.697176,665,383.36 176,021,310.73Total and Average Portfolio CITY CP Run Date: 02/17/2022 - 13:19 PM (PRF_PM2) 7.3.0 2020 City of La Quinta Total Earnings City of La Quinta - Sorted by Fund - Fund October 1, 2021 - October 31, 2021 Current Rate Ending Par Value Ending Fund Book Value Beginning Book Value Adjusted Interest Earnings AccretionAmortization/EarningsAdjusted InterestAnnualized YieldCUSIP Investment #Interest EarnedIssuer Realized Gainl/Loss Fund: General Fund 71,519,640.72105571,519,640.72 0.203LAIF 13,871.29 0.00 13,871.290.22810171,477,816.2598-33-434 0.00 3,300.0010593,300.00CITYPC 0.00 0.00 0.001013,300.00SYS1059 0.00 240,000.001066240,000.00 2.250DISCOV 458.63 0.00 458.632.250101240,000.002546722U1 0.00 0.0010700.00 1.250USTR 2,038.04 0.00 59,238.0437.0971011,942,800.00912828T67 57,200.00 240,000.001089240,000.00 1.900OHVAL 387.29 0.00 387.291.900101240,000.00677721CN0 0.00 245,000.001095245,000.00 2.250ALLIAN 468.18 0.00 468.182.250101245,000.0001859BAA3 0.00 240,000.001096240,000.00 2.400AMFSB 489.21 0.00 489.212.400101240,000.0002587CFU9 0.00 240,000.001097240,000.00 2.300BARCLY 468.82 0.00 468.822.300101240,000.0006740KLJ4 0.00 245,000.001099245,000.00 2.300MTNAMR 478.59 0.00 478.592.300101245,000.0062384RAC0 0.00 245,000.001101245,000.00 2.100KANSAS 436.97 0.00 436.972.100101245,000.0050116CBE8 0.00 245,000.001102245,000.00 2.100BELMNT 436.98 0.00 436.982.100101245,000.00080515CD9 0.00 245,000.001106245,000.00 2.200CRS1ST 457.78 0.00 457.782.200101245,000.0022766ACB9 0.00 245,000.001107245,000.00 2.150ENTRPR 447.38 0.00 447.382.150101245,000.0029367QCP1 0.00 245,000.001110245,000.00 2.400KNOX 499.40 0.00 499.402.400101245,000.00499724AB8 0.00 245,000.001112245,000.00 2.5003RD 520.21 0.00 520.212.500101245,000.0088413QBY3 0.00 2,047,746.8211142,047,746.82CALPRS 0.00 0.00 0.001012,047,746.82SYS1114 0.00 245,000.001119245,000.00 2.800ANECA 582.63 0.00 582.632.800101245,000.00034577AH9 0.00 245,000.001123245,000.00 2.900CITINA 603.44 0.00 603.442.900101245,000.0017312QJ26 0.00 240,000.001125240,000.00 2.950ENER 601.32 0.00 601.322.950101240,000.0029278TAY6 0.00 240,000.001126240,000.00 2.800FARMIG 570.74 0.00 570.742.800101240,000.0030960QAG2 0.00 0.0011270.00 2.700NORPNT 461.59 0.00 461.592.700101240,000.00666613GV0 0.00 245,000.001143245,000.00 3.100ALLGNC 645.06 0.00 645.063.100101245,000.0001748DBE5 0.00 245,000.001144245,000.00 3.150RCB 655.46 0.00 655.463.150101245,000.0074934YAH4 0.00 245,000.001147245,000.00 3.1501STNBA 655.46 0.00 655.463.150101245,000.0032110YLK9 0.00 245,000.001148245,000.00 3.000TRAD 624.25 0.00 624.253.000101245,000.0089269CBX9 0.00 245,000.001149245,000.00 3.000PCSB 624.25 0.00 624.253.000101245,000.0069324MAD7 0.00 249,000.001151249,000.00 3.250NWENGL 687.31 0.00 687.313.250101249,000.0006426KAN8 0.00 855,558.441153855,558.44 0.050CAMP 37.18 0.00 37.180.051101855,521.26SYS1153 0.00 245,000.001154245,000.00 3.350JEFF 697.07 0.00 697.073.350101245,000.00474067AQ8 0.00 Portfolio CITY CP Run Date: 02/17/2022 - 15:49 TE (PRF_TE) 7.3.6 Report Ver. 7.3.6.12121 Current Rate Ending Par Value Ending Fund Page 2 Book Value Beginning Book Value Adjusted Interest Earnings AccretionAmortization/EarningsAdjusted Interest October 1, 2021 - October 31, 2021 Total Earnings City of La Quinta Annualized YieldCUSIP Investment #Interest EarnedIssuer Realized Gainl/Loss Fund: General Fund 248,000.001155248,000.00 3.300MARBUS 695.08 0.00 695.083.300101248,000.0057116ARV2 0.00 378,360.001157400,000.00 2.000MCRSFT 666.66 0.00 666.662.075101378,360.00594918BQ6 0.00 247,275.001158250,000.00 2.800FFCB 583.33 0.00 583.332.778101247,275.003133EJYL7 0.00 487,950.001159500,000.00 2.300P&G 958.34 0.00 958.342.312101487,950.00742718DY2 0.00 245,000.001160245,000.00 3.200MUNTRS 665.86 0.00 665.863.200101245,000.00625925AR3 0.00 245,000.001161245,000.00 3.350UBS 697.08 0.00 697.083.350101245,000.0090348JEJ5 0.00 248,000.001162248,000.00 3.400COMMBK 716.14 0.00 716.143.400101248,000.0020143PDV9 0.00 248,000.001163248,000.00 3.250MRRCK 684.55 0.00 684.553.250101248,000.0059013J4K2 0.00 248,000.001164248,000.00 3.550NMRCA 747.74 0.00 747.743.550101248,000.0067054NAN3 0.00 248,000.001166248,000.00 3.350REDRCK 705.61 0.00 705.613.350101248,000.0075701LAB3 0.00 245,000.001167245,000.00 3.200NEIGH 665.87 0.00 665.873.200101245,000.0064017AAQ7 0.00 245,000.001168245,000.00 3.1501STSRC 655.46 0.00 655.463.150101245,000.0033646CKP8 0.00 248,000.001169248,000.00 3.400MEDBA 716.14 0.00 716.143.400101248,000.0058404DCX7 0.00 245,000.001170245,000.00 3.400NLCOOP 707.47 0.00 707.473.400101245,000.00635573AL2 0.00 248,000.001171248,000.00 3.300MAINE 695.09 0.00 695.093.300101248,000.00560507AK1 0.00 248,000.001172248,000.00 3.350BARHAR 705.61 0.00 705.613.350101248,000.00066851WJ1 0.00 248,000.001173248,000.00 2.750MORTN 579.23 0.00 579.232.750101248,000.00619165JD6 0.00 248,000.001174248,000.00 3.000WELLS 631.89 0.00 631.893.000101248,000.00949763XY7 0.00 485,250.001175500,000.00 1.950COLGTE 812.50 0.00 812.501.971101485,250.0019416QEA4 0.00 498,550.001177500,000.00 2.500FHLB 1,041.66 0.00 1,041.662.460101498,550.003130AFW94 0.00 489,687.501178500,000.00 1.875USTR 798.42 0.00 798.421.920101489,687.509128282W9 0.00 248,000.001179248,000.00 2.8001STNBK 589.76 0.00 589.762.800101248,000.0032117BCX4 0.00 248,000.001180248,000.00 2.700VERUS 568.71 0.00 568.712.700101248,000.0092535LCD4 0.00 248,000.001181248,000.00 2.950NRTHWS 621.36 0.00 621.362.950101248,000.0066736ABP3 0.00 248,000.001184248,000.00 2.500CENTNX 526.57 0.00 526.572.500101248,000.00156634AK3 0.00 245,000.001185245,000.00 3.250JPMORG 676.27 0.00 676.273.250101245,000.0048128HXU7 0.00 245,000.001186245,000.00 2.400IOWAST 499.40 0.00 499.402.400101245,000.0046256YAZ2 0.00 248,000.001187248,000.00 2.400TSCOLA 505.51 0.00 505.512.400101248,000.0087266AAA1 0.00 248,000.001188248,000.00 2.600MAINST 547.64 0.00 547.642.600101248,000.0056065GAG3 0.00 248,000.001189248,000.00 2.500CONGRS 526.58 0.00 526.582.500101248,000.0020726ABA5 0.00 496,650.001190500,000.00 2.350WALMRT 979.17 0.00 979.172.321101496,650.00931142DU4 0.00 496,650.001192500,000.00 1.750USTR 737.09 0.00 737.091.747101496,650.00912828SV3 0.00 245,000.001194245,000.00 2.500PITTS 520.20 0.00 520.202.500101245,000.00725404AB3 0.00 245,000.001195245,000.00 2.550PLAINS 530.61 0.00 530.612.550101245,000.0072651LCL6 0.00 248,000.001196248,000.00 2.600EVNSCU 547.64 0.00 547.642.600101248,000.00299547AQ2 0.00 248,000.001197248,000.00 2.400LEGCY 505.51 0.00 505.512.400101248,000.00524661CB9 0.00 499,500.001198500,000.00 1.875FFCB 781.25 0.00 781.251.842101499,500.003133EKQP4 0.00 Portfolio CITY CP Run Date: 02/17/2022 - 15:49 TE (PRF_TE) 7.3.6 Report Ver. 7.3.6.12222 Current Rate Ending Par Value Ending Fund Page 3 Book Value Beginning Book Value Adjusted Interest Earnings AccretionAmortization/EarningsAdjusted Interest October 1, 2021 - October 31, 2021 Total Earnings City of La Quinta Annualized YieldCUSIP Investment #Interest EarnedIssuer Realized Gainl/Loss Fund: General Fund 248,000.001199248,000.00 2.400CTZNST 505.52 0.00 505.522.400101248,000.00176688CP2 0.00 248,000.001200248,000.00 2.300AMERCU 484.45 0.00 484.452.300101248,000.0003065AAL7 0.00 245,000.001201245,000.00 2.150STRLNG 447.37 0.00 447.372.150101245,000.0085916VDC6 0.00 248,000.001202248,000.00 2.250COMMW 473.92 0.00 473.922.250101248,000.0020416TAQ5 0.00 247,000.001203247,000.00 2.300REVER 482.49 0.00 482.492.300101247,000.00761402BY1 0.00 248,000.001205248,000.00 2.000AMRNTL 421.26 0.00 421.262.000101248,000.0002772JBD1 0.00 495,950.001206500,000.00 1.750FNMA 729.17 0.00 729.171.731101495,950.003135G0V75 0.00 248,000.001207248,000.00 1.950ABACUS 410.73 0.00 410.731.950101248,000.0000257TBD7 0.00 248,000.001208248,000.00 2.000LKSIDE 421.26 0.00 421.262.000101248,000.0051210SQU4 0.00 248,000.001209248,000.00 2.0001STSEC 421.26 0.00 421.262.000101248,000.0033625CCP2 0.00 248,000.001210248,000.00 2.000PEOPLE 421.26 0.00 421.262.000101248,000.00710571DS6 0.00 499,500.001212500,000.00 1.850FFCB 770.83 0.00 770.831.817101499,500.003133EKWV4 0.00 249,000.001213249,000.00 2.000PREFRD 422.96 0.00 422.962.000101249,000.00740367HP5 0.00 248,000.001214248,000.00 2.000UNTDCU 421.26 0.00 421.262.000101248,000.00910160AH3 0.00 248,000.001215248,000.00 2.000WSHFED 421.26 0.00 421.262.000101248,000.00938828BH2 0.00 249,000.001216249,000.00 1.9501STIER 412.38 0.00 412.381.950101249,000.0033766LAJ7 0.00 499,300.001217500,000.00 1.375USTR 585.51 0.00 585.511.381101499,300.00912828T26 0.00 244,000.001218244,000.00 1.950RAYJAM 404.10 0.00 404.101.950101244,000.0075472RAD3 0.00 245,000.001219245,000.00 1.900CITBNK 395.36 0.00 395.361.900101245,000.0012556LBA3 0.00 248,000.001220248,000.00 1.850CELTIC 389.67 0.00 389.671.850101248,000.0015118RRH2 0.00 249,000.001221249,000.00 1.8501STNBS 391.24 0.00 391.241.850101249,000.00334342CD2 0.00 248,000.001222248,000.00 1.8001STDQN 379.13 0.00 379.131.800101248,000.00336460CX6 0.00 499,400.001223500,000.00 1.600FFCB 666.67 0.00 666.671.572101499,400.003133EKZK5 0.00 498,750.001224500,000.00 1.600FFCB 666.67 0.00 666.671.574101498,750.003133EKP75 0.00 245,000.001225245,000.00 1.600LUANA 332.93 0.00 332.931.600101245,000.00549104JN8 0.00 248,000.001227248,000.00 1.700BNKWST 358.07 0.00 358.071.700101248,000.0006652CHB0 0.00 3,189,065.9312283,189,065.93BOTW 0.01 0.00 0.011017,637,650.48059731851 0.00 11,516,891.60123011,516,891.60PARS 0.00 0.00 0.0010111,337,645.06SYS1230 0.00 248,000.001231248,000.00 1.7001STSER 358.07 0.00 358.071.700101248,000.0033640VDD7 0.00 992,100.0012331,000,000.00 1.375FNMA 1,145.83 0.00 1,145.831.360101992,100.003135G0W33 0.00 996,900.0012341,000,000.00 1.600FFCB 1,333.33 0.00 1,333.331.575101996,900.003133EK4X1 0.00 248,000.001235248,000.00 1.700SAUKVL 358.07 0.00 358.071.700101248,000.00804375DL4 0.00 245,000.001236245,000.00 1.900MSPRIV 395.35 0.00 395.351.900101245,000.0061760A3B3 0.00 245,000.001237245,000.00 1.950MORGST 405.76 0.00 405.761.950101245,000.0061690UNX4 0.00 248,000.001238248,000.00 1.800LIVEOK 379.13 0.00 379.131.800101248,000.00538036GV0 0.00 248,000.001239248,000.00 1.900KERNCU 400.20 0.00 400.201.900101248,000.0049228XAK6 0.00 248,000.001240248,000.00 1.850SF FCU 389.67 0.00 389.671.850101248,000.0079772FAC0 0.00 Portfolio CITY CP Run Date: 02/17/2022 - 15:49 TE (PRF_TE) 7.3.6 Report Ver. 7.3.6.12323 Current Rate Ending Par Value Ending Fund Page 4 Book Value Beginning Book Value Adjusted Interest Earnings AccretionAmortization/EarningsAdjusted Interest October 1, 2021 - October 31, 2021 Total Earnings City of La Quinta Annualized YieldCUSIP Investment #Interest EarnedIssuer Realized Gainl/Loss Fund: General Fund 989,687.5012411,000,000.00 1.500USTR 1,270.50 0.00 1,270.501.511101989,687.50912828YV6 0.00 998,600.0012421,000,000.00 1.700FFCB 1,416.67 0.00 1,416.671.670101998,600.003133ELEA8 0.00 248,000.001244248,000.00 1.900WFNBW 400.20 0.00 400.201.900101248,000.00949495AT2 0.00 999,000.0012461,000,000.00 1.430FFCB 1,191.67 0.00 1,191.671.404101999,000.003133ELNE0 0.00 999,217.3612471,000,000.00 1.400FFCB 1,166.66 0.00 1,166.661.375101999,217.363133EGWJ0 0.00 248,000.001248248,000.00 1.550FRDMFI 326.48 0.00 326.481.550101248,000.0035637RDC8 0.00 248,000.001249248,000.00 1.650UNTDCM 347.54 0.00 347.541.650101248,000.0090983WBT7 0.00 248,000.001250248,000.00 1.6501STNMI 347.54 0.00 347.541.650101248,000.0032114VBT3 0.00 245,000.001251245,000.00 1.650RLLSTN 343.33 0.00 343.331.650101245,000.0077579ADF0 0.00 248,000.001252248,000.00 1.650CITADL 347.54 0.00 347.541.650101248,000.0017286TAG0 0.00 245,000.001253245,000.00 1.600SYNOVS 332.94 0.00 332.941.600101245,000.0087164DRD4 0.00 248,000.001254248,000.00 1.600SERVIS 337.01 0.00 337.011.600101248,000.0081768PAF3 0.00 248,000.001255248,000.00 1.600AMERST 337.01 0.00 337.011.600101248,000.00029728BC5 0.00 248,000.001256248,000.00 1.600ACCSS 337.01 0.00 337.011.600101248,000.0000435JBH5 0.00 248,000.001257248,000.00 1.500SPRING 315.94 0.00 315.941.500101248,000.00849430BF9 0.00 248,000.001258248,000.00 1.650AXOS 347.54 0.00 347.541.650101248,000.0005465DAE8 0.00 245,000.001259245,000.00 1.200CADNCE 249.70 0.00 249.701.200101245,000.0012738RFX7 0.00 245,000.001260245,000.00 1.100TEXAS 228.89 0.00 228.891.100101245,000.00882213AB7 0.00 248,000.001261248,000.00 1.100SNTCLR 231.69 0.00 231.691.100101248,000.0006424KBC3 0.00 248,000.001262248,000.00 1.350TRIAD 284.35 0.00 284.351.350101248,000.0089579NCD3 0.00 248,000.001263248,000.00 1.150NRTHSR 242.22 0.00 242.221.150101248,000.0066704MEQ0 0.00 248,000.001264248,000.00 1.300BELLCO 273.82 0.00 273.821.300101248,000.0007833EAD9 0.00 248,000.001265248,000.00 1.150WESTMI 242.22 0.00 242.221.150101248,000.00954444BS3 0.00 248,000.001266248,000.00 1.400NCOLET 294.88 0.00 294.881.400101248,000.00654062JZ2 0.00 248,000.001267248,000.00 1.400ALMABK 294.88 0.00 294.881.400101248,000.00020080BX4 0.00 248,000.001268248,000.00 1.250CMWBUS 263.29 0.00 263.291.250101248,000.002027506M2 0.00 245,000.001269245,000.00 1.300PACWST 270.51 0.00 270.511.300101245,000.0069506YRH4 0.00 248,000.001270248,000.00 1.250BELB&T 263.29 0.00 263.291.250101248,000.0008016PDQ9 0.00 245,000.001271245,000.00 1.600CAPONE 332.93 0.00 332.931.600101245,000.0014042TDD6 0.00 248,000.001272248,000.00 1.250THEJEF 263.28 0.00 263.281.250101248,000.00472382AQ3 0.00 249,000.001273249,000.00 1.2001STFDM 253.77 0.00 253.771.200101249,000.0032027BAL1 0.00 248,000.001274248,000.00 1.3501STMCG 284.35 0.00 284.351.350101248,000.0032112UDR9 0.00 248,000.001276248,000.00 1.250FLGSTR 263.29 0.00 263.291.250101248,000.0033847E3A3 0.00 245,000.001277245,000.00 1.000WSTRNS 208.08 0.00 208.081.000101245,000.0095960NKD8 0.00 248,000.001278248,000.00 1.0001STINT 210.63 0.00 210.631.000101248,000.0032056GDJ6 0.00 1,000,000.0012791,000,000.00 0.625FHLMC 520.83 0.00 520.830.6131011,000,000.003134GVYG7 0.00 499,850.001280500,000.00 0.500FFCB 208.33 0.00 208.330.491101499,850.003133ELH23 0.00 Portfolio CITY CP Run Date: 02/17/2022 - 15:49 TE (PRF_TE) 7.3.6 Report Ver. 7.3.6.12424 Current Rate Ending Par Value Ending Fund Page 5 Book Value Beginning Book Value Adjusted Interest Earnings AccretionAmortization/EarningsAdjusted Interest October 1, 2021 - October 31, 2021 Total Earnings City of La Quinta Annualized YieldCUSIP Investment #Interest EarnedIssuer Realized Gainl/Loss Fund: General Fund 499,850.001281500,000.00 0.500FHLB 208.33 0.00 208.330.491101499,850.003130AJKW8 0.00 500,000.001282500,000.00 0.680FFCB 283.34 0.00 283.340.667101500,000.003133ELH80 0.00 300,000.001283300,000.00 0.680FHLB 170.00 0.00 170.000.667101300,000.003130AJRP6 0.00 248,000.001284248,000.00 0.600CHIPVA 126.38 0.00 126.380.600101248,000.00169894AS1 0.00 248,000.001285248,000.00 0.350AMR1ST 73.72 0.00 73.720.350101248,000.0002616AAH2 0.00 248,000.001286248,000.00 0.500STHRNB 105.32 0.00 105.320.500101248,000.0084223QAN7 0.00 248,000.001287248,000.00 0.500BKPRNC 105.32 0.00 105.320.500101248,000.00064520BG3 0.00 500,000.001288500,000.00 0.500FNMA 208.33 0.00 208.330.491101500,000.003135G05S8 0.00 1,000,000.0012891,000,000.00 0.560FNMA 466.67 0.00 466.670.5491011,000,000.003136G4N74 0.00 499,750.001290500,000.00 0.520FNMA 216.66 0.00 216.660.510101499,750.003136G4M75 0.00 499,250.001291500,000.00 0.420FNMA 175.00 0.00 175.000.413101499,250.003135G06E8 0.00 499,250.001292500,000.00 0.560FNMA 233.34 0.00 233.340.550101499,250.003135GA2Z3 0.00 4,017,708.1312934,017,708.13BNY 0.01 0.00 0.011011,760,868.90SYS1293 0.00 997,300.0012971,000,000.00 0.375FHLMC 312.50 0.00 312.500.369101997,300.003137EAEU9 0.00 497,400.001298500,000.00 0.375FHLB 156.25 0.00 156.250.370101497,400.003130AKFA9 0.00 500,000.001299500,000.00 0.600FNMA 250.00 0.00 250.000.589101500,000.003135GA7D7 0.00 500,000.001300500,000.00 0.400FNMA 166.66 0.00 166.660.392101500,000.003135GAAW1 0.00 500,000.001301500,000.00 0.550FHLMC 229.17 0.00 229.170.540101500,000.003134GXGZ1 0.00 500,000.001302500,000.00 0.510FHLB 212.50 0.00 212.500.500101500,000.003130AKMZ6 0.00 498,632.811303500,000.00 0.375USTR 157.94 0.00 157.940.373101498,632.8191282CBC4 0.00 500,000.001304500,000.00 0.550FHLB 229.17 0.00 229.170.540101500,000.003130AKN28 0.00 248,000.001305248,000.00 0.500LNDMRK 105.32 0.00 105.320.500101248,000.0051507LCC6 0.00 245,000.001306245,000.00 0.500EVRBA 104.04 0.00 104.040.500101245,000.0087270LDL4 0.00 495,999.501307500,000.00 0.375FHLMC 156.25 0.00 156.250.371101495,999.503137EAEX3 0.00 497,300.001308500,000.00 0.500IFC 210.59 0.00 210.590.499101497,300.0045950VPS9 0.00 495,100.001309500,000.00 0.375USTR 157.95 0.00 157.950.376101495,100.0091282CBH3 0.00 983,940.0013101,000,000.00 0.375FHLMC 312.50 0.00 312.500.374101983,940.003137EAEX3 0.00 977,500.0013111,000,000.00 0.250USTR 210.71 0.00 210.710.254101977,500.0091282CAT8 0.00 500,000.001312500,000.00 0.500FHLB 208.34 0.00 208.340.491101500,000.003130ALV92 0.00 249,000.001313249,000.00 0.950GRNST 200.91 0.00 200.910.950101249,000.0039573LBC1 0.00 245,000.001314245,000.00 0.900TOYFSB 187.27 0.00 187.270.900101245,000.0089235MKY6 0.00 492,187.501315500,000.00 0.375USTR 158.81 0.00 158.810.380101492,187.5091282CAZ4 0.00 248,000.001316248,000.00 0.750CARTER 157.97 0.00 157.970.750101248,000.0014622LAA0 0.00 248,000.001317248,000.00 0.700FIDHMS 147.44 0.00 147.440.700101248,000.0031617CAV5 0.00 378,955.531318378,955.53DPME 0.00 0.00 0.00101335,561.64SYS1318 0.00 494,165.001319500,000.00 0.500USTR 214.09 0.00 214.090.510101494,165.0091282CBQ3 0.00 499,525.001320500,000.00 0.750USTR 319.37 0.00 319.370.753101499,525.0091282CBT7 0.00 Portfolio CITY CP Run Date: 02/17/2022 - 15:49 TE (PRF_TE) 7.3.6 Report Ver. 7.3.6.12525 Current Rate Ending Par Value Ending Fund Page 6 Book Value Beginning Book Value Adjusted Interest Earnings AccretionAmortization/EarningsAdjusted Interest October 1, 2021 - October 31, 2021 Total Earnings City of La Quinta Annualized YieldCUSIP Investment #Interest EarnedIssuer Realized Gainl/Loss Fund: General Fund 997,060.0013211,000,000.00 0.750USTR 635.25 0.00 635.250.750101997,060.0091282CCF6 0.00 498,450.001322500,000.00 0.750USTR 319.37 0.00 319.370.754101498,450.0091282CBT7 0.00 497,095.001323500,000.00 0.750USTR 317.62 0.00 317.620.752101497,095.0091282CCF6 0.00 993,420.0013241,000,000.00 0.750FHLB 625.00 0.00 625.000.741101993,420.003130AMFS6 0.00 248,377.501325249,000.00 0.800VIBRNT 169.18 0.00 169.180.802101248,377.5092559TAJ7 0.00 248,000.001326248,000.00 1.000GLDMAN 210.63 0.00 210.631.000101248,000.0038149MXK4 0.00 248,000.001327248,000.00 1.000SALMAE 210.63 0.00 210.631.000101248,000.00795451AF0 0.00 248,000.001328248,000.00 0.400TABBK 84.25 0.00 84.250.400101248,000.0089388CEY0 0.00 248,000.001329248,000.00 0.400BKOZK 84.25 0.00 84.250.400101248,000.0006417NZQ9 0.00 498,000.001330500,000.00 0.710FFCB 295.83 0.00 295.830.699101498,000.003133EM2C5 0.00 249,000.001331249,000.00 0.700PENTGN 148.04 0.00 148.040.700101249,000.0070962LAF9 0.00 245,000.001332245,000.00 0.900SYNCHR 187.28 0.00 187.280.900101245,000.0087165ET98 0.00 245,000.001333245,000.00 0.650BMW 135.26 0.00 135.260.650101245,000.0005580AD50 0.00 248,000.001334248,000.00 0.800CONNEC 168.51 0.00 168.510.800101248,000.0020786ADL6 0.00 983,750.0013351,000,000.00 0.625USTR 526.49 0.00 526.490.630101983,750.0091282CCP4 0.00 988,500.0013361,000,000.00 0.750USTR 642.26 0.00 642.260.765101988,500.0091282CCW9 0.00 999,000.0013371,000,000.00 1.000FHLB 833.33 0.00 833.330.982101999,000.003130APBM6 0.00 991,080.0013381,000,000.00 0.800FFCB 666.66 0.00 666.660.792101991,080.003133EM4X7 0.00 998,250.0013391,000,000.00 0.950FHLB 475.00 0.00 475.000.9141010.003130APB46 0.00 499,002.041340500,000.00 0.170FFCB 21.25 0.00 21.250.1551010.003133EMX64 0.00 497,792.971341500,000.00 0.125USTR 16.99 0.00 16.990.1251010.0091282CCN9 0.00 991,000.0013421,000,000.00 0.125USTR 33.96 0.00 33.960.1251010.0091282CBE0 0.00 996,320.0013431,000,000.00 0.625USTR 171.71 0.00 171.710.6291010.0091282CDB4 0.00 165,302,867.17Subtotal 165,056,241.85 1.110 157,067.410.0099,867.41165,183,920.08 57,200.00 Fund: Fiscal Agent 1,437.4710581,437.47USBANK 0.01 0.00 0.010.0082311,437.46SYS1058 0.00 1,437.47Subtotal 1,437.47 0.008 0.010.000.011,437.46 0.00 Fund: Housing Authority : WSA and LQ 367,857.921062367,857.92LQPR 0.00 0.00 0.00241354,571.06SYS1062 0.00 367,857.92Subtotal 367,857.92 0.000.000.00354,571.06 0.00 Fund: SA Low/Mod Bond Fund 10,595,773.49111310,595,773.49 0.203LAIF 2,055.04 0.00 2,055.040.22824910,589,325.3725-33-005 0.00 10,595,773.49Subtotal 10,595,773.49 0.228 2,055.040.002,055.0410,589,325.37 0.00 Portfolio CITY CP Run Date: 02/17/2022 - 15:49 TE (PRF_TE) 7.3.6 Report Ver. 7.3.6.12626 Current Rate Ending Par Value Ending Fund Page 7 Book Value Beginning Book Value Adjusted Interest Earnings AccretionAmortization/EarningsAdjusted Interest October 1, 2021 - October 31, 2021 Total Earnings City of La Quinta Annualized YieldCUSIP Investment #Interest EarnedIssuer Realized Gainl/Loss 176,267,936.05Total 176,021,310.73 1.055 159,122.460.00101,922.46176,129,253.97 57,200.00 Portfolio CITY CP Run Date: 02/17/2022 - 15:49 TE (PRF_TE) 7.3.6 Report Ver. 7.3.6.12727 28 28 Days to Maturity Page 1 Par Value Book Value Maturity Date Stated RateMarket Value November 30, 2021 Portfolio Details - Investments Average BalanceIssuer Portfolio Management City of La Quinta YTM 365TermCUSIPInvestment # Purchase Date Bank Accounts 1Bank of New York1293 3,013,755.67 3,013,755.6709/01/2020 3,013,755.67 1SYS1293 0.000 1Bank of the West1228 6,715,266.07 6,715,266.0708/20/2019 6,715,266.07 1059731851 0.000 1City Petty Cash1059 3,300.00 3,300.0007/01/2016 3,300.00 1SYS1059 0.000 1Dune Palms Mobile Estates1318 406,804.04 406,804.0403/09/2021 406,804.04 1SYS1318 0.000 1La Quinta Palms Realty1062 384,339.15 384,339.1507/01/2016 384,339.15 1SYS1062 0.000 10,523,464.93 110,523,464.9310,523,464.937,118,408.94Subtotal and Average 1 0.000 Local Agency Investment Fund-City 1Local Agency Inv Fund1055 71,519,640.72 71,519,640.72 0.20371,525,193.90 198-33-434 0.203 71,519,640.72 171,525,193.9071,519,640.7271,519,640.72Subtotal and Average 1 0.203 Local Agency Invstmnt Fund-Housing 1Local Agency Inv Fund1113 10,595,773.49 10,595,773.49 0.20310,596,651.37 125-33-005 0.203 10,595,773.49 110,596,651.3710,595,773.4910,595,773.49Subtotal and Average 1 0.203 Money Market/Mutual Funds 1Dreyfus12940.00 0.0007/01/2021 0.00 1X9USDDTP3 0.000 0.00 00.000.000.00Subtotal and Average 0 0.000 Money Market Accounts - CAMP 1California Asset Management Pr1153 855,594.02 855,594.02 0.05009/26/2018 855,594.02 1SYS1153 0.050 855,594.02 1855,594.02855,594.02855,559.63Subtotal and Average 1 0.050 Federal Agency Coupon Securities 279Federal National Mtg Assn1233 1,000,000.00 992,100.00 09/06/20221.37510/29/2019 1,008,700.00 1,0433135G0W33 1.659 302Federal Farm Credit Bank1247 1,000,000.00 999,217.36 09/29/20221.40002/05/2020 1,010,160.00 9673133EGWJ0 1.430 376Federal Farm Credit Bank1198 500,000.00 499,500.00 12/12/20221.87506/20/2019 508,655.00 1,2713133EKQP4 1.905 513Federal Farm Credit Bank1340 500,000.00 499,002.04 04/28/20230.17010/22/2021 498,650.00 5533133EMX64 0.302 621Federal Farm Credit Bank1223 500,000.00 499,400.00 08/14/20231.60009/12/2019 509,250.00 1,4323133EKZK5 1.632 643Federal Farm Credit Bank1158 250,000.00 247,275.00 09/05/20232.80010/15/2018 259,955.00 1,7863133EJYL7 3.041 700Federal Farm Credit Bank1234 1,000,000.00 996,900.00 11/01/20231.60011/01/2019 1,020,150.00 1,4613133EK4X1 1.680 804Federal Home Loan Bank1177 500,000.00 498,550.00 02/13/20242.50003/01/2019 520,690.00 1,8103130AFW94 2.563 805Federal Farm Credit Bank1246 1,000,000.00 999,000.00 02/14/20241.43002/14/2020 1,017,480.00 1,4613133ELNE0 1.456 944Federal National Mtg Assn1206 500,000.00 495,950.00 07/02/20241.75007/15/2019 512,860.00 1,8143135G0V75 1.922 968Federal Farm Credit Bank1212 500,000.00 499,500.00 07/26/20241.85008/02/2019 514,430.00 1,8203133EKWV4 1.871 Portfolio CITY CP Run Date: 02/17/2022 - 13:52 PM (PRF_PM2) 7.3.0 Report Ver. 7.3.6.12929 Days to Maturity Page 2 Par Value Book Value Maturity Date Stated RateMarket Value November 30, 2021 Portfolio Details - Investments Average BalanceIssuer Portfolio Management City of La Quinta YTM 365TermCUSIPInvestment # Purchase Date Federal Agency Coupon Securities 1,021Federal Farm Credit Bank1224 500,000.00 498,750.00 09/17/20241.60009/17/2019 510,555.00 1,8273133EKP75 1.652 1,021Federal Farm Credit Bank1242 1,000,000.00 998,600.00 09/17/20241.70012/17/2019 1,023,860.00 1,7363133ELEA8 1.731 1,083Federal National Mtg Assn1291 500,000.00 499,250.00 11/18/20240.42011/18/2020 493,075.00 1,4613135G06E8 0.458 1,125Federal National Mtg Assn1300 500,000.00 500,000.00 12/30/20240.40012/30/2020 493,900.00 1,4613135GAAW1 0.400 1,273Federal Home Loan Mtg Corp1279 1,000,000.00 1,000,000.00 05/27/20250.62505/27/2020 988,700.00 1,8263134GVYG7 0.625 1,286Federal Farm Credit Bank1280 500,000.00 499,850.00 06/09/20250.50006/09/2020 490,440.00 1,8263133ELH23 0.506 1,287Federal Farm Credit Bank1282 500,000.00 500,000.00 06/10/20250.68006/10/2020 491,300.00 1,8263133ELH80 0.680 1,290Federal Home Loan Bank1281 500,000.00 499,850.00 06/13/20250.50006/03/2020 491,990.00 1,8363130AJKW8 0.506 1,307Federal Home Loan Bank1283 300,000.00 300,000.00 06/30/20250.68006/30/2020 296,064.00 1,8263130AJRP6 0.680 1,328Federal Home Loan Mtg Corp1297 1,000,000.00 997,300.00 07/21/20250.37512/07/2020 977,930.00 1,6873137EAEU9 0.434 1,352Federal National Mtg Assn1288 500,000.00 500,000.00 08/14/20250.50008/14/2020 489,650.00 1,8263135G05S8 0.500 1,356Federal National Mtg Assn1290 500,000.00 499,750.00 08/18/20250.52008/28/2020 490,270.00 1,8163136G4M75 0.530 1,359Federal National Mtg Assn1289 1,000,000.00 1,000,000.00 08/21/20250.56008/21/2020 980,610.00 1,8263136G4N74 0.560 1,392Federal Home Loan Mtg Corp1307 500,000.00 495,999.50 09/23/20250.37502/23/2021 487,060.00 1,6733137EAEX3 0.552 1,392Federal Home Loan Mtg Corp1310 1,000,000.00 983,940.00 09/23/20250.37503/30/2021 974,120.00 1,6383137EAEX3 0.740 1,447Federal National Mtg Assn1292 500,000.00 499,250.00 11/17/20250.56011/17/2020 490,200.00 1,8263135GA2Z3 0.590 1,472Federal Home Loan Bank1298 500,000.00 497,400.00 12/12/20250.37512/07/2020 485,545.00 1,8313130AKFA9 0.480 1,483Federal National Mtg Assn1299 500,000.00 500,000.00 12/23/20250.60012/23/2020 490,395.00 1,8263135GA7D7 0.600 1,490Federal Home Loan Mtg Corp1301 500,000.00 500,000.00 12/30/20250.55012/30/2020 492,660.00 1,8263134GXGZ1 0.550 1,505Federal Home Loan Bank1302 500,000.00 500,000.00 01/14/20260.51001/14/2021 489,890.00 1,8263130AKMZ6 0.510 1,520Federal Home Loan Bank1304 500,000.00 500,000.00 01/29/20260.55001/29/2021 490,285.00 1,8263130AKN28 0.550 1,580Federal Home Loan Bank1312 500,000.00 500,000.00 03/30/20260.50003/30/2021 497,720.00 1,8263130ALV92 0.938 1,654Federal Home Loan Bank1324 1,000,000.00 993,420.00 06/12/20260.75006/17/2021 982,420.00 1,8213130AMFS6 0.885 1,713Federal Farm Credit Bank1330 500,000.00 498,000.00 08/10/20260.71008/10/2021 489,165.00 1,8263133EM2C5 0.792 1,744Federal Farm Credit Bank1338 1,000,000.00 991,080.00 09/10/20260.80009/28/2021 982,690.00 1,8083133EM4X7 0.985 1,764Federal Home Loan Bank1337 1,000,000.00 999,000.00 09/30/20261.00009/30/2021 987,980.00 1,8263130APBM6 1.021 1,777Federal Home Loan Bank1339 1,000,000.00 998,250.00 10/13/20260.95010/13/2021 986,560.00 1,8263130APB46 0.986 1,797Federal Farm Credit Bank1344 1,000,000.00 1,000,000.00 11/02/20261.27011/02/2021 998,210.00 1,8263133ENCQ1 1.270 1,819Federal Home Loan Bank1347 500,000.00 499,500.00 11/24/20260.70011/24/2021 498,930.00 1,8263130APTV7 1.489 26,475,583.90 1,66126,423,154.0026,550,000.0026,059,300.57Subtotal and Average 1,223 1.042 Treasury Coupon Securities 165U.S. Treasury1192 500,000.00 496,650.00 05/15/20221.75005/31/2019 503,750.00 1,080912828SV3 1.984 303U.S. Treasury1178 500,000.00 489,687.50 09/30/20221.87503/01/2019 507,010.00 1,3099128282W9 2.480 607U.S. Treasury1341 500,000.00 497,792.97 07/31/20230.12510/22/2021 497,480.00 64791282CCN9 0.375 Portfolio CITY CP Run Date: 02/17/2022 - 13:52 PM (PRF_PM2) 7.3.0 3030 Days to Maturity Page 3 Par Value Book Value Maturity Date Stated RateMarket Value November 30, 2021 Portfolio Details - Investments Average BalanceIssuer Portfolio Management City of La Quinta YTM 365TermCUSIPInvestment # Purchase Date Treasury Coupon Securities 668U.S. Treasury1217 500,000.00 499,300.00 09/30/20231.37508/21/2019 508,260.00 1,501912828T26 1.410 775U.S. Treasury1342 1,000,000.00 991,000.00 01/15/20240.12510/22/2021 990,310.00 81591282CBE0 0.531 1,049U.S. Treasury1343 1,000,000.00 996,320.00 10/15/20240.62510/22/2021 995,470.00 1,08991282CDB4 0.750 1,095U.S. Treasury1241 1,000,000.00 989,687.50 11/30/20241.50012/16/2019 1,020,040.00 1,811912828YV6 1.718 1,430U.S. Treasury1311 1,000,000.00 977,500.00 10/31/20250.25003/30/2021 969,960.00 1,67691282CAT8 0.750 1,460U.S. Treasury1315 500,000.00 492,187.50 11/30/20250.37504/22/2021 486,680.00 1,68391282CAZ4 0.720 1,491U.S. Treasury1303 500,000.00 498,632.81 12/31/20250.37501/07/2021 486,270.00 1,81991282CBC4 0.431 1,522U.S. Treasury1309 500,000.00 495,100.00 01/31/20260.37502/23/2021 485,645.00 1,80391282CBH3 0.577 1,550U.S. Treasury1319 500,000.00 494,165.00 02/28/20260.50005/28/2021 487,850.00 1,73791282CBQ3 0.750 1,581U.S. Treasury1320 500,000.00 499,525.00 03/31/20260.75005/28/2021 492,755.00 1,76891282CBT7 0.770 1,581U.S. Treasury1322 500,000.00 498,450.00 03/31/20260.75006/17/2021 492,755.00 1,74891282CBT7 0.816 1,642U.S. Treasury1321 1,000,000.00 997,060.00 05/31/20260.75006/01/2021 984,300.00 1,82591282CCF6 0.810 1,642U.S. Treasury1323 500,000.00 497,095.00 05/31/20260.75006/17/2021 492,150.00 1,80991282CCF6 0.870 1,703U.S. Treasury1335 1,000,000.00 983,750.00 07/31/20260.62509/29/2021 977,150.00 1,76691282CCP4 0.970 1,734U.S. Treasury1336 1,000,000.00 988,500.00 08/31/20260.75009/29/2021 982,420.00 1,79791282CCW9 0.990 12,382,403.28 1,53812,360,255.0012,500,000.0012,382,403.28Subtotal and Average 1,257 0.968 Certificate of Deposits 20Neighbors FCU1167 245,000.00 245,000.00 12/21/20213.20012/21/2018 245,444.26 1,09664017AAQ7 3.203 21United Credit Union1214 248,000.00 248,000.00 12/22/20212.00008/22/2019 248,289.45 853910160AH3 2.003 49The Ohio Valley Bank1089 240,000.00 240,000.00 01/19/20221.90007/19/2017 240,603.27 1,645677721CN0 1.903 61Third Federal Savings and Loan1112 245,000.00 245,000.00 01/31/20222.50001/30/2018 245,973.69 1,46288413QBY3 2.502 62Discover Bank Greenwood DE CF1066 240,000.00 240,000.00 02/01/20222.25002/01/2017 240,881.29 1,8262546722U1 2.251 89Maine Savings FCU1171 248,000.00 248,000.00 02/28/20223.30012/28/2018 249,952.51 1,158560507AK1 3.306 107Luana Savings Bank1225 245,000.00 245,000.00 03/18/20221.60009/18/2019 246,035.31 912549104JN8 1.599 119Bellco Credit Union1264 248,000.00 248,000.00 03/30/20221.30003/31/2020 248,900.67 72907833EAD9 1.300 120Cadence Bank, NA1259 245,000.00 245,000.00 03/31/20221.20003/31/2020 245,797.77 73012738RFX7 1.200 120Bank of Santa Clarita1261 248,000.00 248,000.00 03/31/20221.10003/31/2020 248,724.84 73006424KBC3 1.100 149Farmers Insurance Group FCU1126 240,000.00 240,000.00 04/29/20222.80004/30/2018 242,588.64 1,46030960QAG2 2.802 167Kansas State Bank1101 245,000.00 245,000.00 05/17/20222.10011/17/2017 247,136.67 1,64250116CBE8 2.099 189PCSB Bank1149 245,000.00 245,000.00 06/08/20223.00006/08/2018 248,553.17 1,46169324MAD7 3.002 190Synovus Bank1253 245,000.00 245,000.00 06/09/20221.60003/09/2020 246,752.47 82287164DRD4 1.602 194Allegiance Bank1143 245,000.00 245,000.00 06/13/20223.10006/13/2018 248,777.07 1,46101748DBE5 3.102 209America's Credit Union1200 248,000.00 248,000.00 06/28/20222.30006/28/2019 250,963.19 1,09603065AAL7 2.302 250Traditions Bank1148 245,000.00 245,000.00 08/08/20223.00006/08/2018 249,646.37 1,52289269CBX9 3.002 Portfolio CITY CP Run Date: 02/17/2022 - 13:52 PM (PRF_PM2) 7.3.0 3131 Days to Maturity Page 4 Par Value Book Value Maturity Date Stated RateMarket Value November 30, 2021 Portfolio Details - Investments Average BalanceIssuer Portfolio Management City of La Quinta YTM 365TermCUSIPInvestment # Purchase Date Certificate of Deposits 265CIT Bank NA1219 245,000.00 245,000.00 08/23/20221.90008/23/2019 247,932.54 1,09612556LBA3 1.902 271American Express Fed Savings B1096 240,000.00 240,000.00 08/29/20222.40008/29/2017 243,842.41 1,82602587CFU9 2.402 271Sterling Bank1201 245,000.00 245,000.00 08/29/20222.15006/28/2019 248,460.55 1,15885916VDC6 2.153 316Alliance Credit Union1095 245,000.00 245,000.00 10/13/20222.25010/13/2017 249,151.80 1,82601859BAA3 2.251 328Barclays Bank1097 240,000.00 240,000.00 10/25/20222.30010/25/2017 244,330.32 1,82606740KLJ4 2.291 342Mountain America Federal CU1099 245,000.00 245,000.00 11/08/20222.30011/08/2017 249,538.92 1,82662384RAC0 2.301 352CrossFirst Bank1106 245,000.00 245,000.00 11/18/20222.20011/20/2017 249,431.23 1,82422766ACB9 2.201 362Enterprise Bank, NA1107 245,000.00 245,000.00 11/28/20222.15011/28/2017 249,433.27 1,82629367QCP1 2.151 371Medallion Bank1169 248,000.00 248,000.00 12/07/20223.40012/07/2018 255,717.62 1,46158404DCX7 3.402 371Red Rocks Credit Union1166 248,000.00 248,000.00 12/07/20223.35012/07/2018 255,589.76 1,46175701LAB3 3.352 393Knoxville TVA Credit Union1110 245,000.00 245,000.00 12/29/20222.40012/29/2017 250,398.88 1,826499724AB8 2.401 394Kern FCU1239 248,000.00 248,000.00 12/30/20221.90012/30/2019 252,030.96 1,09649228XAK6 1.902 394San Francisco FCU1240 248,000.00 248,000.00 12/30/20221.85012/30/2019 251,895.24 1,09679772FAC0 1.852 425Wells Fargo Natl Bank West1244 248,000.00 248,000.00 01/30/20231.90001/29/2020 252,249.06 1,097949495AT2 1.900 447Servisfirst Bank1254 248,000.00 248,000.00 02/21/20231.60002/21/2020 251,544.75 1,09681768PAF3 1.601 454Verus Bank of Commerce1180 248,000.00 248,000.00 02/28/20232.70002/28/2019 255,037.50 1,46192535LCD4 2.700 476Aneca Federal Credit Union1119 245,000.00 245,000.00 03/22/20232.80003/22/2018 252,493.87 1,826034577AH9 2.802 485Northstar Bank1263 248,000.00 248,000.00 03/31/20231.15003/31/2020 250,010.95 1,09566704MEQ0 1.150 485West Michigan Cmnty Bk1265 248,000.00 248,000.00 03/31/20231.15003/31/2020 250,010.95 1,095954444BS3 1.150 496Citibank NA1123 245,000.00 245,000.00 04/11/20232.90004/11/2018 253,030.24 1,82617312QJ26 2.902 513Congressional Bank1189 248,000.00 248,000.00 04/28/20232.50004/30/2019 255,004.94 1,45920726ABA5 2.502 513EnerBank USA1125 240,000.00 240,000.00 04/28/20232.95004/30/2018 248,315.00 1,82429278TAY6 2.952 520First National Bank1179 248,000.00 248,000.00 05/05/20232.80003/05/2019 256,052.47 1,52232117BCX4 2.802 553Pittsfield Cooperative Bank1194 245,000.00 245,000.00 06/07/20232.50006/07/2019 252,199.82 1,461725404AB3 2.502 566Morton Community1173 248,000.00 248,000.00 06/20/20232.75003/20/2019 256,439.29 1,553619165JD6 2.753 566RCB Bank1144 245,000.00 245,000.00 06/20/20233.15006/20/2018 254,873.30 1,82674934YAH4 3.152 572American First CU1285 248,000.00 248,000.00 06/26/20230.35006/26/2020 247,100.43 1,09502616AAH2 0.350 595American National Bank1205 248,000.00 248,000.00 07/19/20232.00007/19/2019 253,668.56 1,46102772JBD1 2.001 596First National Bank of America1147 245,000.00 245,000.00 07/20/20233.15007/20/2018 255,256.85 1,82632110YLK9 3.152 607Bank of New England1151 249,000.00 249,000.00 07/31/20233.25007/31/2018 259,751.36 1,82606426KAN8 3.252 630Raymond James Bank1218 244,000.00 244,000.00 08/23/20231.95008/23/2019 249,539.44 1,46175472RAD3 1.951 667Triad Bank1262 248,000.00 248,000.00 09/29/20231.35003/30/2020 251,072.14 1,27889579NCD3 1.352 685Cache Valley BK F/K/A Marlin1155 248,000.00 248,000.00 10/17/20233.30010/17/2018 260,148.84 1,82657116ARV2 3.302 685Municipal Trust and Savings1160 245,000.00 245,000.00 10/17/20233.20010/17/2018 256,538.31 1,826625925AR3 3.202 685UBS Bank USA1161 245,000.00 245,000.00 10/17/20233.35010/17/2018 257,233.67 1,82690348JEJ5 3.352 687Jefferson Financial CU1154 245,000.00 245,000.00 10/19/20233.35010/19/2018 257,249.28 1,826474067AQ8 3.352 Portfolio CITY CP Run Date: 02/17/2022 - 13:52 PM (PRF_PM2) 7.3.0 3232 Days to Maturity Page 5 Par Value Book Value Maturity Date Stated RateMarket Value November 30, 2021 Portfolio Details - Investments Average BalanceIssuer Portfolio Management City of La Quinta YTM 365TermCUSIPInvestment # Purchase Date Certificate of Deposits 714Commercial Bank1162 248,000.00 248,000.00 11/15/20233.40011/15/2018 260,986.99 1,82620143PDV9 3.402 727Numerica Credit Union1164 248,000.00 248,000.00 11/28/20233.55011/28/2018 261,967.82 1,82667054NAN3 3.552 750National Cooperative Bank, N.A1170 245,000.00 245,000.00 12/21/20233.40012/21/2018 258,276.28 1,826635573AL2 3.402 758Bar Harbor Bank and Trust1172 248,000.00 248,000.00 12/29/20233.35012/31/2018 261,344.74 1,824066851WJ1 3.352 789Lakeside Bank1208 248,000.00 248,000.00 01/29/20242.00007/30/2019 254,476.97 1,64451210SQU4 2.003 803Rollstone B&T1251 245,000.00 245,000.00 02/12/20241.65002/12/2020 249,483.86 1,46177579ADF0 1.651 804Northwest Bank1181 248,000.00 248,000.00 02/13/20242.95002/13/2019 259,694.68 1,82666736ABP3 2.951 818Wells Fargo1174 248,000.00 248,000.00 02/27/20243.00002/27/2019 260,175.60 1,826949763XY7 3.001 848Texas Bank Financial1260 245,000.00 245,000.00 03/28/20241.10003/31/2020 246,460.28 1,458882213AB7 1.101 866The Jefferson Bank1272 248,000.00 248,000.00 04/15/20241.25004/15/2020 250,268.89 1,461472382AQ3 1.251 867Belmont Bank and Trust1270 248,000.00 248,000.00 04/16/20241.25004/16/2020 250,271.48 1,46108016PDQ9 1.251 867Pacific Western Bank1269 245,000.00 245,000.00 04/16/20241.30004/16/2020 247,530.56 1,46169506YRH4 1.301 877Main Street Bank1188 248,000.00 248,000.00 04/26/20242.60004/26/2019 258,374.23 1,82756065GAG3 2.603 896First Service Bank1231 248,000.00 248,000.00 05/15/20241.70011/15/2019 252,954.45 1,64333640VDD7 1.701 897JP Morgan Chase1185 245,000.00 245,000.00 05/16/20243.25005/16/2019 259,253.93 1,82748128HXU7 3.254 904Iowa State Bank1186 245,000.00 245,000.00 05/23/20242.40005/23/2019 254,182.29 1,82746256YAZ2 2.403 909Live Oak Bank1238 248,000.00 248,000.00 05/28/20241.80011/27/2019 253,645.16 1,644538036GV0 1.802 910Century Next Bank1184 248,000.00 248,000.00 05/29/20242.50005/29/2019 257,993.68 1,827156634AK3 2.503 919Plains Commerce Bank1195 245,000.00 245,000.00 06/07/20242.55006/07/2019 255,119.96 1,82772651LCL6 2.553 924Evansville Teachers Credit FCU1196 248,000.00 248,000.00 06/12/20242.60006/12/2019 258,633.58 1,827299547AQ2 2.603 931Legacy Bank1197 248,000.00 248,000.00 06/19/20242.40006/19/2019 257,444.53 1,827524661CB9 2.403 933Citizens State Bank1199 248,000.00 248,000.00 06/21/20242.40006/21/2019 257,464.57 1,827176688CP2 2.403 940Communitywide FCU1202 248,000.00 248,000.00 06/28/20242.25006/28/2019 256,574.18 1,82720416TAQ5 2.253 940Revere Bank1203 247,000.00 247,000.00 06/28/20242.30006/28/2019 255,840.48 1,827761402BY1 2.303 968Abacus Federal Savings1207 248,000.00 248,000.00 07/26/20241.95007/26/2019 254,694.96 1,82700257TBD7 1.952 972First Security Bank of WA1209 248,000.00 248,000.00 07/30/20242.00007/30/2019 254,905.43 1,82733625CCP2 2.002 973People's Bank1210 248,000.00 248,000.00 07/31/20242.00007/31/2019 254,764.70 1,827710571DS6 2.002 989Preferred Bank1213 249,000.00 249,000.00 08/16/20242.00008/16/2019 256,052.76 1,827740367HP5 2.002 996FirsTier Bank1216 249,000.00 249,000.00 08/23/20241.95008/23/2019 255,761.86 1,82733766LAJ7 1.952 996Washington Federal1215 248,000.00 248,000.00 08/23/20242.00008/23/2019 255,073.47 1,827938828BH2 2.002 1,003First State Bk DeQueen1222 248,000.00 248,000.00 08/30/20241.80008/30/2019 253,606.20 1,827336460CX6 1.802 1,003First Natl Bk of Syracuse1221 249,000.00 249,000.00 08/30/20241.85008/30/2019 254,971.19 1,827334342CD2 1.852 1,003Celtic Bank1220 248,000.00 248,000.00 08/30/20241.85008/30/2019 253,947.21 1,82715118RRH2 1.852 1,014BMW Bank1333 245,000.00 245,000.00 09/10/20240.65009/10/2021 242,769.49 1,09605580AD50 0.651 1,031BankWest Inc1227 248,000.00 248,000.00 09/27/20241.70009/27/2019 253,059.57 1,82706652CHB0 1.702 1,059Southern Bancorp Bk1286 248,000.00 248,000.00 10/25/20240.50006/26/2020 244,396.46 1,58284223QAN7 0.500 Portfolio CITY CP Run Date: 02/17/2022 - 13:52 PM (PRF_PM2) 7.3.0 3333 Days to Maturity Page 6 Par Value Book Value Maturity Date Stated RateMarket Value November 30, 2021 Portfolio Details - Investments Average BalanceIssuer Portfolio Management City of La Quinta YTM 365TermCUSIPInvestment # Purchase Date Certificate of Deposits 1,072Sauk Valley B&T Co1235 248,000.00 248,000.00 11/07/20241.70011/07/2019 252,926.57 1,827804375DL4 1.702 1,085Morgan Stanley Bank1237 245,000.00 245,000.00 11/20/20241.95011/20/2019 251,728.99 1,82761690UNX4 1.952 1,085Morgan Stanley Private Bk, NA1236 245,000.00 245,000.00 11/20/20241.90011/20/2019 251,366.02 1,82761760A3B3 1.902 1,125Bank Princeton1287 248,000.00 248,000.00 12/30/20240.50006/30/2020 243,751.92 1,644064520BG3 0.500 1,149Transportation Alliance Bk TAB1328 248,000.00 248,000.00 01/23/20250.40007/23/2021 242,884.22 1,28089388CEY0 0.401 1,155Bank OZK1329 248,000.00 248,000.00 01/29/20250.40007/29/2021 242,858.00 1,28006417NZQ9 0.401 1,164United Community1249 248,000.00 248,000.00 02/07/20251.65002/07/2020 252,581.03 1,82790983WBT7 1.652 1,171First National Bank Michigan1250 248,000.00 248,000.00 02/14/20251.65002/14/2020 252,608.07 1,82732114VBT3 1.652 1,171Freedom Financial1248 248,000.00 248,000.00 02/14/20251.55002/14/2020 251,814.93 1,82735637RDC8 1.552 1,178American State1255 248,000.00 248,000.00 02/21/20251.60002/21/2020 252,236.22 1,827029728BC5 1.602 1,184Citadel FCU1252 248,000.00 248,000.00 02/27/20251.65002/27/2020 252,658.33 1,82717286TAG0 1.652 1,198Access Bank1256 248,000.00 248,000.00 03/13/20251.60003/13/2020 252,208.62 1,82600435JBH5 1.601 1,205Spring Bank1257 248,000.00 248,000.00 03/20/20251.50003/20/2020 251,417.19 1,826849430BF9 1.501 1,211Axos Bank1258 248,000.00 248,000.00 03/26/20251.65003/26/2020 252,663.24 1,82605465DAE8 1.651 1,213Alma Bank1267 248,000.00 248,000.00 03/28/20251.40003/30/2020 250,618.60 1,824020080BX4 1.399 1,216Commonwealth Business Bk1268 248,000.00 248,000.00 03/31/20251.25003/31/2020 249,200.92 1,8262027506M2 1.251 1,216Nicolet Natl Bank1266 248,000.00 248,000.00 03/31/20251.40003/31/2020 250,434.74 1,826654062JZ2 1.401 1,224Capital One USA FDIC339541271 245,000.00 245,000.00 04/08/20251.60004/08/2020 249,144.21 1,82614042TDD6 1.601 1,244First Natl Bk McGregor1274 248,000.00 248,000.00 04/28/20251.35004/28/2020 250,170.52 1,82632112UDR9 1.351 1,245First Freedom Bank1273 249,000.00 249,000.00 04/29/20251.20004/29/2020 249,912.97 1,82632027BAL1 1.201 1,246Flagstar1276248,000.00 248,000.00 04/30/20251.25004/30/2020 249,226.04 1,82633847E3A3 1.251 1,2581st Internet Bank1278 248,000.00 248,000.00 05/12/20251.00005/11/2020 247,115.55 1,82732056GDJ6 0.985 1,259Western State Bank1277 245,000.00 245,000.00 05/13/20251.00005/13/2020 244,126.99 1,82695960NKD8 1.001 1,301Chippewa Valley Bk1284 248,000.00 248,000.00 06/24/20250.60006/24/2020 243,474.75 1,826169894AS1 0.600 1,371Pentagon FCU1331 249,000.00 249,000.00 09/02/20250.70009/01/2021 244,823.85 1,46270962LAF9 0.687 1,513Landmark Community Bank1305 248,000.00 248,000.00 01/22/20260.50001/22/2021 240,963.94 1,82651507LCC6 0.500 1,534TIAA FKA EverBank1306 245,000.00 245,000.00 02/12/20260.50002/12/2021 237,890.90 1,82687270LDL4 0.500 1,597Greenstate FCU1313 249,000.00 249,000.00 04/16/20260.95004/16/2021 246,160.64 1,82639573LBC1 0.951 1,603Toyota Financial Savings Bank1314 245,000.00 245,000.00 04/22/20260.90004/22/2021 241,672.02 1,82689235MKY6 0.900 1,608Carter FCU1316 248,000.00 248,000.00 04/27/20260.75004/27/2021 242,996.44 1,82614622LAA0 0.750 1,611Fidelity Homestead1317 248,000.00 248,000.00 04/30/20260.70004/30/2021 242,372.50 1,82631617CAV5 0.711 1,672Vibrant Credit Union1325 249,000.00 248,377.50 06/30/20260.80007/02/2021 244,099.44 1,82492559TAJ7 0.852 1,700Goldman Sachs1326 248,000.00 248,000.00 07/28/20261.00007/28/2021 245,319.96 1,82638149MXK4 1.001 1,700Sallie Mae Bank Salt Lake CIty1327 248,000.00 248,000.00 07/28/20261.00007/28/2021 245,319.96 1,826795451AF0 1.001 1,737Synchrony Bank Retail1332 245,000.00 245,000.00 09/03/20260.90009/03/2021 240,992.88 1,82687165ET98 0.900 1,758Connect One1334 248,000.00 248,000.00 09/24/20260.80009/24/2021 242,712.96 1,82620786ADL6 0.800 Portfolio CITY CP Run Date: 02/17/2022 - 13:52 PM (PRF_PM2) 7.3.0 3434 Days to Maturity Page 7 Par Value Book Value Maturity Date Stated RateMarket Value November 30, 2021 Portfolio Details - Investments Average BalanceIssuer Portfolio Management City of La Quinta YTM 365TermCUSIPInvestment # Purchase Date Certificate of Deposits 1,804Merrick Bank1345 249,000.00 249,000.00 11/09/20261.10011/09/2021 247,017.03 1,82659013KPN0 1.101 1,812Capital One Natl Assn FDIC42971346 248,000.00 248,000.00 11/17/20261.10011/17/2021 246,021.06 1,82614042RQB0 1.101 31,334,377.50 1,62431,845,509.8731,335,000.0031,661,044.17Subtotal and Average 818 1.933 Corporate Notes 67Proctor and Gamble1159 500,000.00 487,950.00 02/06/20222.30010/15/2018 501,665.00 1,210742718DY2 3.071 379Wal-Mart Stores, Inc1190 500,000.00 496,650.00 12/15/20222.35004/16/2019 509,155.00 1,339931142DU4 2.799 427Colgate-Palmolive1175 500,000.00 485,250.00 02/01/20231.95003/04/2019 508,605.00 1,43019416QEA4 2.751 615Microsoft Corporation1157 400,000.00 378,360.00 08/08/20232.00010/15/2018 408,660.00 1,758594918BQ6 3.222 1,548International Finance Corp.1308 500,000.00 497,300.00 02/26/20260.50002/26/2021 489,435.00 1,82645950VPS9 0.610 2,345,510.00 1,5022,417,520.002,400,000.002,345,510.00Subtotal and Average 610 2.450 Money Market with Fiscal Agent 1US Bank1058 1,437.48 1,437.4807/01/2016 1,437.48 1SYS1058 0.000 1,437.48 11,437.481,437.481,437.47Subtotal and Average 1 0.000 CERBT - OPEB Trust 1CalPERS CERBT Plan1114 2,047,746.82 2,047,746.8207/01/2021 2,047,746.82 1SYS1114 0.000 2,047,746.82 12,047,746.822,047,746.822,047,746.82Subtotal and Average 1 0.000 PARS Pension Trust 1Pblc Agncy Rtrmnt Serv1230 11,442,127.48 11,442,127.4811,442,127.48 1SYS1230 0.000 11,442,127.48 111,442,127.4811,442,127.4811,514,399.46Subtotal and Average 1 0.000 655176,101,224.55 179,770,784.94 418 0.683180,038,654.87 179,523,659.62Total and Average Portfolio CITY CP Run Date: 02/17/2022 - 13:52 PM (PRF_PM2) 7.3.0 3535 City of La Quinta Total Earnings City of La Quinta - Sorted by Fund - Fund November 1, 2021 - November 30, 2021 Current Rate Ending Par Value Ending Fund Book Value Beginning Book Value Adjusted Interest Earnings AccretionAmortization/EarningsAdjusted InterestAnnualized YieldCUSIP Investment #Interest EarnedIssuer Realized Gainl/Loss Fund: General Fund 71,519,640.72105571,519,640.72 0.203LAIF 13,427.37 0.00 13,427.370.22810171,519,640.7298-33-434 0.00 3,300.0010593,300.00CITYPC 0.00 0.00 0.001013,300.00SYS1059 0.00 240,000.001066240,000.00 2.250DISCOV 443.83 0.00 443.832.250101240,000.002546722U1 0.00 240,000.001089240,000.00 1.900OHVAL 374.79 0.00 374.791.900101240,000.00677721CN0 0.00 245,000.001095245,000.00 2.250ALLIAN 453.08 0.00 453.082.250101245,000.0001859BAA3 0.00 240,000.001096240,000.00 2.400AMFSB 473.43 0.00 473.432.400101240,000.0002587CFU9 0.00 240,000.001097240,000.00 2.300BARCLY 453.70 0.00 453.702.300101240,000.0006740KLJ4 0.00 245,000.001099245,000.00 2.300MTNAMR 463.15 0.00 463.152.300101245,000.0062384RAC0 0.00 245,000.001101245,000.00 2.100KANSAS 422.88 0.00 422.882.100101245,000.0050116CBE8 0.00 0.0011020.00 2.100BELMNT 310.11 0.00 310.112.100101245,000.00080515CD9 0.00 245,000.001106245,000.00 2.200CRS1ST 443.01 0.00 443.012.200101245,000.0022766ACB9 0.00 245,000.001107245,000.00 2.150ENTRPR 432.95 0.00 432.952.150101245,000.0029367QCP1 0.00 245,000.001110245,000.00 2.400KNOX 483.29 0.00 483.292.400101245,000.00499724AB8 0.00 245,000.001112245,000.00 2.5003RD 503.42 0.00 503.422.500101245,000.0088413QBY3 0.00 2,047,746.8211142,047,746.82CALPRS 0.00 0.00 0.001012,047,746.82SYS1114 0.00 245,000.001119245,000.00 2.800ANECA 563.84 0.00 563.842.800101245,000.00034577AH9 0.00 245,000.001123245,000.00 2.900CITINA 583.97 0.00 583.972.900101245,000.0017312QJ26 0.00 240,000.001125240,000.00 2.950ENER 581.92 0.00 581.922.950101240,000.0029278TAY6 0.00 240,000.001126240,000.00 2.800FARMIG 552.33 0.00 552.332.800101240,000.0030960QAG2 0.00 245,000.001143245,000.00 3.100ALLGNC 624.24 0.00 624.243.100101245,000.0001748DBE5 0.00 245,000.001144245,000.00 3.150RCB 634.32 0.00 634.323.150101245,000.0074934YAH4 0.00 245,000.001147245,000.00 3.1501STNBA 634.32 0.00 634.323.150101245,000.0032110YLK9 0.00 245,000.001148245,000.00 3.000TRAD 604.11 0.00 604.113.000101245,000.0089269CBX9 0.00 245,000.001149245,000.00 3.000PCSB 604.11 0.00 604.113.000101245,000.0069324MAD7 0.00 249,000.001151249,000.00 3.250NWENGL 665.14 0.00 665.143.250101249,000.0006426KAN8 0.00 855,594.021153855,594.02 0.050CAMP 35.58 0.00 35.580.051101855,558.44SYS1153 0.00 245,000.001154245,000.00 3.350JEFF 674.59 0.00 674.593.350101245,000.00474067AQ8 0.00 248,000.001155248,000.00 3.300MARBUS 672.66 0.00 672.663.300101248,000.0057116ARV2 0.00 378,360.001157400,000.00 2.000MCRSFT 666.67 0.00 666.672.144101378,360.00594918BQ6 0.00 Portfolio CITY CP Run Date: 02/17/2022 - 15:51 TE (PRF_TE) 7.3.6 Report Ver. 7.3.6.13636 Current Rate Ending Par Value Ending Fund Page 2 Book Value Beginning Book Value Adjusted Interest Earnings AccretionAmortization/EarningsAdjusted Interest November 1, 2021 - November 30, 2021 Total Earnings City of La Quinta Annualized YieldCUSIP Investment #Interest EarnedIssuer Realized Gainl/Loss Fund: General Fund 247,275.001158250,000.00 2.800FFCB 583.33 0.00 583.332.870101247,275.003133EJYL7 0.00 487,950.001159500,000.00 2.300P&G 958.33 0.00 958.332.390101487,950.00742718DY2 0.00 245,000.001160245,000.00 3.200MUNTRS 644.38 0.00 644.383.200101245,000.00625925AR3 0.00 245,000.001161245,000.00 3.350UBS 674.59 0.00 674.593.350101245,000.0090348JEJ5 0.00 248,000.001162248,000.00 3.400COMMBK 693.04 0.00 693.043.400101248,000.0020143PDV9 0.00 0.0011630.00 3.250MRRCK 176.66 0.00 6,525.46120.050101248,000.0059013J4K2 6,348.80 248,000.001164248,000.00 3.550NMRCA 723.62 0.00 723.623.550101248,000.0067054NAN3 0.00 248,000.001166248,000.00 3.350REDRCK 682.85 0.00 682.853.350101248,000.0075701LAB3 0.00 245,000.001167245,000.00 3.200NEIGH 644.38 0.00 644.383.200101245,000.0064017AAQ7 0.00 0.0011680.00 3.1501STSRC 338.30 0.00 338.303.150101245,000.0033646CKP8 0.00 248,000.001169248,000.00 3.400MEDBA 693.04 0.00 693.043.400101248,000.0058404DCX7 0.00 245,000.001170245,000.00 3.400NLCOOP 684.66 0.00 684.663.400101245,000.00635573AL2 0.00 248,000.001171248,000.00 3.300MAINE 672.65 0.00 672.653.300101248,000.00560507AK1 0.00 248,000.001172248,000.00 3.350BARHAR 682.85 0.00 682.853.350101248,000.00066851WJ1 0.00 248,000.001173248,000.00 2.750MORTN 560.55 0.00 560.552.750101248,000.00619165JD6 0.00 248,000.001174248,000.00 3.000WELLS 611.51 0.00 611.513.000101248,000.00949763XY7 0.00 485,250.001175500,000.00 1.950COLGTE 812.50 0.00 812.502.037101485,250.0019416QEA4 0.00 498,550.001177500,000.00 2.500FHLB 1,041.67 0.00 1,041.672.542101498,550.003130AFW94 0.00 489,687.501178500,000.00 1.875USTR 772.66 0.00 772.661.920101489,687.509128282W9 0.00 248,000.001179248,000.00 2.8001STNBK 570.74 0.00 570.742.800101248,000.0032117BCX4 0.00 248,000.001180248,000.00 2.700VERUS 550.35 0.00 550.352.700101248,000.0092535LCD4 0.00 248,000.001181248,000.00 2.950NRTHWS 601.32 0.00 601.322.950101248,000.0066736ABP3 0.00 248,000.001184248,000.00 2.500CENTNX 509.60 0.00 509.602.500101248,000.00156634AK3 0.00 245,000.001185245,000.00 3.250JPMORG 654.45 0.00 654.453.250101245,000.0048128HXU7 0.00 245,000.001186245,000.00 2.400IOWAST 483.29 0.00 483.292.400101245,000.0046256YAZ2 0.00 0.0011870.00 2.400TSCOLA 358.75 0.00 358.752.400101248,000.0087266AAA1 0.00 248,000.001188248,000.00 2.600MAINST 529.97 0.00 529.972.600101248,000.0056065GAG3 0.00 248,000.001189248,000.00 2.500CONGRS 509.59 0.00 509.592.500101248,000.0020726ABA5 0.00 496,650.001190500,000.00 2.350WALMRT 979.17 0.00 979.172.399101496,650.00931142DU4 0.00 496,650.001192500,000.00 1.750USTR 719.62 0.00 719.621.763101496,650.00912828SV3 0.00 245,000.001194245,000.00 2.500PITTS 503.43 0.00 503.432.500101245,000.00725404AB3 0.00 245,000.001195245,000.00 2.550PLAINS 513.49 0.00 513.492.550101245,000.0072651LCL6 0.00 248,000.001196248,000.00 2.600EVNSCU 529.97 0.00 529.972.600101248,000.00299547AQ2 0.00 248,000.001197248,000.00 2.400LEGCY 489.21 0.00 489.212.400101248,000.00524661CB9 0.00 499,500.001198500,000.00 1.875FFCB 781.25 0.00 781.251.903101499,500.003133EKQP4 0.00 248,000.001199248,000.00 2.400CTZNST 489.20 0.00 489.202.400101248,000.00176688CP2 0.00 248,000.001200248,000.00 2.300AMERCU 468.82 0.00 468.822.300101248,000.0003065AAL7 0.00 Portfolio CITY CP Run Date: 02/17/2022 - 15:51 TE (PRF_TE) 7.3.6 Report Ver. 7.3.6.13737 Current Rate Ending Par Value Ending Fund Page 3 Book Value Beginning Book Value Adjusted Interest Earnings AccretionAmortization/EarningsAdjusted Interest November 1, 2021 - November 30, 2021 Total Earnings City of La Quinta Annualized YieldCUSIP Investment #Interest EarnedIssuer Realized Gainl/Loss Fund: General Fund 245,000.001201245,000.00 2.150STRLNG 432.95 0.00 432.952.150101245,000.0085916VDC6 0.00 248,000.001202248,000.00 2.250COMMW 458.63 0.00 458.632.250101248,000.0020416TAQ5 0.00 247,000.001203247,000.00 2.300REVER 466.93 0.00 466.932.300101247,000.00761402BY1 0.00 248,000.001205248,000.00 2.000AMRNTL 407.67 0.00 407.672.000101248,000.0002772JBD1 0.00 495,950.001206500,000.00 1.750FNMA 729.17 0.00 729.171.789101495,950.003135G0V75 0.00 248,000.001207248,000.00 1.950ABACUS 397.48 0.00 397.481.950101248,000.0000257TBD7 0.00 248,000.001208248,000.00 2.000LKSIDE 407.67 0.00 407.672.000101248,000.0051210SQU4 0.00 248,000.001209248,000.00 2.0001STSEC 407.67 0.00 407.672.000101248,000.0033625CCP2 0.00 248,000.001210248,000.00 2.000PEOPLE 407.67 0.00 407.672.000101248,000.00710571DS6 0.00 499,500.001212500,000.00 1.850FFCB 770.84 0.00 770.841.878101499,500.003133EKWV4 0.00 249,000.001213249,000.00 2.000PREFRD 409.32 0.00 409.322.000101249,000.00740367HP5 0.00 248,000.001214248,000.00 2.000UNTDCU 407.67 0.00 407.672.000101248,000.00910160AH3 0.00 248,000.001215248,000.00 2.000WSHFED 407.67 0.00 407.672.000101248,000.00938828BH2 0.00 249,000.001216249,000.00 1.9501STIER 399.08 0.00 399.081.950101249,000.0033766LAJ7 0.00 499,300.001217500,000.00 1.375USTR 566.62 0.00 566.621.381101499,300.00912828T26 0.00 244,000.001218244,000.00 1.950RAYJAM 391.07 0.00 391.071.950101244,000.0075472RAD3 0.00 245,000.001219245,000.00 1.900CITBNK 382.60 0.00 382.601.900101245,000.0012556LBA3 0.00 248,000.001220248,000.00 1.850CELTIC 377.10 0.00 377.101.850101248,000.0015118RRH2 0.00 249,000.001221249,000.00 1.8501STNBS 378.62 0.00 378.621.850101249,000.00334342CD2 0.00 248,000.001222248,000.00 1.8001STDQN 366.90 0.00 366.901.800101248,000.00336460CX6 0.00 499,400.001223500,000.00 1.600FFCB 666.67 0.00 666.671.624101499,400.003133EKZK5 0.00 498,750.001224500,000.00 1.600FFCB 666.66 0.00 666.661.626101498,750.003133EKP75 0.00 245,000.001225245,000.00 1.600LUANA 322.19 0.00 322.191.600101245,000.00549104JN8 0.00 248,000.001227248,000.00 1.700BNKWST 346.52 0.00 346.521.700101248,000.0006652CHB0 0.00 6,715,266.0712286,715,266.07BOTW 0.01 0.00 0.011013,189,065.93059731851 0.00 11,442,127.48123011,442,127.48PARS 0.00 0.00 0.0010111,516,891.60SYS1230 0.00 248,000.001231248,000.00 1.7001STSER 346.52 0.00 346.521.700101248,000.0033640VDD7 0.00 992,100.0012331,000,000.00 1.375FNMA 1,145.84 0.00 1,145.841.405101992,100.003135G0W33 0.00 996,900.0012341,000,000.00 1.600FFCB 1,333.33 0.00 1,333.331.627101996,900.003133EK4X1 0.00 248,000.001235248,000.00 1.700SAUKVL 346.52 0.00 346.521.700101248,000.00804375DL4 0.00 245,000.001236245,000.00 1.900MSPRIV 382.61 0.00 382.611.900101245,000.0061760A3B3 0.00 245,000.001237245,000.00 1.950MORGST 392.67 0.00 392.671.950101245,000.0061690UNX4 0.00 248,000.001238248,000.00 1.800LIVEOK 366.90 0.00 366.901.800101248,000.00538036GV0 0.00 248,000.001239248,000.00 1.900KERNCU 387.29 0.00 387.291.900101248,000.0049228XAK6 0.00 248,000.001240248,000.00 1.850SF FCU 377.10 0.00 377.101.850101248,000.0079772FAC0 0.00 989,687.5012411,000,000.00 1.500USTR 1,229.73 0.00 1,229.731.512101989,687.50912828YV6 0.00 998,600.0012421,000,000.00 1.700FFCB 1,416.66 0.00 1,416.661.726101998,600.003133ELEA8 0.00 Portfolio CITY CP Run Date: 02/17/2022 - 15:51 TE (PRF_TE) 7.3.6 Report Ver. 7.3.6.13838 Current Rate Ending Par Value Ending Fund Page 4 Book Value Beginning Book Value Adjusted Interest Earnings AccretionAmortization/EarningsAdjusted Interest November 1, 2021 - November 30, 2021 Total Earnings City of La Quinta Annualized YieldCUSIP Investment #Interest EarnedIssuer Realized Gainl/Loss Fund: General Fund 248,000.001244248,000.00 1.900WFNBW 387.29 0.00 387.291.900101248,000.00949495AT2 0.00 999,000.0012461,000,000.00 1.430FFCB 1,191.67 0.00 1,191.671.451101999,000.003133ELNE0 0.00 999,217.3612471,000,000.00 1.400FFCB 1,166.67 0.00 1,166.671.421101999,217.363133EGWJ0 0.00 248,000.001248248,000.00 1.550FRDMFI 315.95 0.00 315.951.550101248,000.0035637RDC8 0.00 248,000.001249248,000.00 1.650UNTDCM 336.33 0.00 336.331.650101248,000.0090983WBT7 0.00 248,000.001250248,000.00 1.6501STNMI 336.33 0.00 336.331.650101248,000.0032114VBT3 0.00 245,000.001251245,000.00 1.650RLLSTN 332.26 0.00 332.261.650101245,000.0077579ADF0 0.00 248,000.001252248,000.00 1.650CITADL 336.33 0.00 336.331.650101248,000.0017286TAG0 0.00 245,000.001253245,000.00 1.600SYNOVS 322.19 0.00 322.191.600101245,000.0087164DRD4 0.00 248,000.001254248,000.00 1.600SERVIS 326.14 0.00 326.141.600101248,000.0081768PAF3 0.00 248,000.001255248,000.00 1.600AMERST 326.14 0.00 326.141.600101248,000.00029728BC5 0.00 248,000.001256248,000.00 1.600ACCSS 326.14 0.00 326.141.600101248,000.0000435JBH5 0.00 248,000.001257248,000.00 1.500SPRING 305.76 0.00 305.761.500101248,000.00849430BF9 0.00 248,000.001258248,000.00 1.650AXOS 336.33 0.00 336.331.650101248,000.0005465DAE8 0.00 245,000.001259245,000.00 1.200CADNCE 241.64 0.00 241.641.200101245,000.0012738RFX7 0.00 245,000.001260245,000.00 1.100TEXAS 221.51 0.00 221.511.100101245,000.00882213AB7 0.00 248,000.001261248,000.00 1.100SNTCLR 224.22 0.00 224.221.100101248,000.0006424KBC3 0.00 248,000.001262248,000.00 1.350TRIAD 275.18 0.00 275.181.350101248,000.0089579NCD3 0.00 248,000.001263248,000.00 1.150NRTHSR 234.41 0.00 234.411.150101248,000.0066704MEQ0 0.00 248,000.001264248,000.00 1.300BELLCO 264.99 0.00 264.991.300101248,000.0007833EAD9 0.00 248,000.001265248,000.00 1.150WESTMI 234.41 0.00 234.411.150101248,000.00954444BS3 0.00 248,000.001266248,000.00 1.400NCOLET 285.37 0.00 285.371.400101248,000.00654062JZ2 0.00 248,000.001267248,000.00 1.400ALMABK 285.37 0.00 285.371.400101248,000.00020080BX4 0.00 248,000.001268248,000.00 1.250CMWBUS 254.79 0.00 254.791.250101248,000.002027506M2 0.00 245,000.001269245,000.00 1.300PACWST 261.78 0.00 261.781.300101245,000.0069506YRH4 0.00 248,000.001270248,000.00 1.250BELB&T 254.79 0.00 254.791.250101248,000.0008016PDQ9 0.00 245,000.001271245,000.00 1.600CAPONE 322.20 0.00 322.201.600101245,000.0014042TDD6 0.00 248,000.001272248,000.00 1.250THEJEF 254.80 0.00 254.801.250101248,000.00472382AQ3 0.00 249,000.001273249,000.00 1.2001STFDM 245.60 0.00 245.601.200101249,000.0032027BAL1 0.00 248,000.001274248,000.00 1.3501STMCG 275.18 0.00 275.181.350101248,000.0032112UDR9 0.00 248,000.001276248,000.00 1.250FLGSTR 254.79 0.00 254.791.250101248,000.0033847E3A3 0.00 245,000.001277245,000.00 1.000WSTRNS 201.37 0.00 201.371.000101245,000.0095960NKD8 0.00 248,000.001278248,000.00 1.0001STINT 203.84 0.00 203.841.000101248,000.0032056GDJ6 0.00 1,000,000.0012791,000,000.00 0.625FHLMC 520.83 0.00 520.830.6341011,000,000.003134GVYG7 0.00 499,850.001280500,000.00 0.500FFCB 208.33 0.00 208.330.507101499,850.003133ELH23 0.00 499,850.001281500,000.00 0.500FHLB 208.34 0.00 208.340.507101499,850.003130AJKW8 0.00 500,000.001282500,000.00 0.680FFCB 283.33 0.00 283.330.689101500,000.003133ELH80 0.00 Portfolio CITY CP Run Date: 02/17/2022 - 15:51 TE (PRF_TE) 7.3.6 Report Ver. 7.3.6.13939 Current Rate Ending Par Value Ending Fund Page 5 Book Value Beginning Book Value Adjusted Interest Earnings AccretionAmortization/EarningsAdjusted Interest November 1, 2021 - November 30, 2021 Total Earnings City of La Quinta Annualized YieldCUSIP Investment #Interest EarnedIssuer Realized Gainl/Loss Fund: General Fund 300,000.001283300,000.00 0.680FHLB 170.00 0.00 170.000.689101300,000.003130AJRP6 0.00 248,000.001284248,000.00 0.600CHIPVA 122.30 0.00 122.300.600101248,000.00169894AS1 0.00 248,000.001285248,000.00 0.350AMR1ST 71.34 0.00 71.340.350101248,000.0002616AAH2 0.00 248,000.001286248,000.00 0.500STHRNB 101.92 0.00 101.920.500101248,000.0084223QAN7 0.00 248,000.001287248,000.00 0.500BKPRNC 101.92 0.00 101.920.500101248,000.00064520BG3 0.00 500,000.001288500,000.00 0.500FNMA 208.34 0.00 208.340.507101500,000.003135G05S8 0.00 1,000,000.0012891,000,000.00 0.560FNMA 466.67 0.00 466.670.5681011,000,000.003136G4N74 0.00 499,750.001290500,000.00 0.520FNMA 216.67 0.00 216.670.527101499,750.003136G4M75 0.00 499,250.001291500,000.00 0.420FNMA 175.00 0.00 175.000.426101499,250.003135G06E8 0.00 499,250.001292500,000.00 0.560FNMA 233.33 0.00 233.330.569101499,250.003135GA2Z3 0.00 3,013,755.6712933,013,755.67BNY 0.01 0.00 0.011014,017,708.13SYS1293 0.00 997,300.0012971,000,000.00 0.375FHLMC 312.50 0.00 312.500.381101997,300.003137EAEU9 0.00 497,400.001298500,000.00 0.375FHLB 156.25 0.00 156.250.382101497,400.003130AKFA9 0.00 500,000.001299500,000.00 0.600FNMA 250.00 0.00 250.000.608101500,000.003135GA7D7 0.00 500,000.001300500,000.00 0.400FNMA 166.67 0.00 166.670.406101500,000.003135GAAW1 0.00 500,000.001301500,000.00 0.550FHLMC 229.16 0.00 229.160.558101500,000.003134GXGZ1 0.00 500,000.001302500,000.00 0.510FHLB 212.50 0.00 212.500.517101500,000.003130AKMZ6 0.00 498,632.811303500,000.00 0.375USTR 152.86 0.00 152.860.373101498,632.8191282CBC4 0.00 500,000.001304500,000.00 0.550FHLB 229.16 0.00 229.160.558101500,000.003130AKN28 0.00 248,000.001305248,000.00 0.500LNDMRK 101.92 0.00 101.920.500101248,000.0051507LCC6 0.00 245,000.001306245,000.00 0.500EVRBA 100.68 0.00 100.680.500101245,000.0087270LDL4 0.00 495,999.501307500,000.00 0.375FHLMC 156.25 0.00 156.250.383101495,999.503137EAEX3 0.00 497,300.001308500,000.00 0.500IFC 203.81 0.00 203.810.499101497,300.0045950VPS9 0.00 495,100.001309500,000.00 0.375USTR 152.85 0.00 152.850.376101495,100.0091282CBH3 0.00 983,940.0013101,000,000.00 0.375FHLMC 312.50 0.00 312.500.386101983,940.003137EAEX3 0.00 977,500.0013111,000,000.00 0.250USTR 207.18 0.00 207.180.258101977,500.0091282CAT8 0.00 500,000.001312500,000.00 0.500FHLB 208.33 0.00 208.330.507101500,000.003130ALV92 0.00 249,000.001313249,000.00 0.950GRNST 194.42 0.00 194.420.950101249,000.0039573LBC1 0.00 245,000.001314245,000.00 0.900TOYFSB 181.23 0.00 181.230.900101245,000.0089235MKY6 0.00 492,187.501315500,000.00 0.375USTR 153.72 0.00 153.720.380101492,187.5091282CAZ4 0.00 248,000.001316248,000.00 0.750CARTER 152.88 0.00 152.880.750101248,000.0014622LAA0 0.00 248,000.001317248,000.00 0.700FIDHMS 142.68 0.00 142.680.700101248,000.0031617CAV5 0.00 406,804.041318406,804.04DPME 0.00 0.00 0.00101378,955.53SYS1318 0.00 494,165.001319500,000.00 0.500USTR 207.18 0.00 207.180.510101494,165.0091282CBQ3 0.00 499,525.001320500,000.00 0.750USTR 309.07 0.00 309.070.753101499,525.0091282CBT7 0.00 997,060.0013211,000,000.00 0.750USTR 614.86 0.00 614.860.750101997,060.0091282CCF6 0.00 498,450.001322500,000.00 0.750USTR 309.07 0.00 309.070.754101498,450.0091282CBT7 0.00 Portfolio CITY CP Run Date: 02/17/2022 - 15:51 TE (PRF_TE) 7.3.6 Report Ver. 7.3.6.14040 Current Rate Ending Par Value Ending Fund Page 6 Book Value Beginning Book Value Adjusted Interest Earnings AccretionAmortization/EarningsAdjusted Interest November 1, 2021 - November 30, 2021 Total Earnings City of La Quinta Annualized YieldCUSIP Investment #Interest EarnedIssuer Realized Gainl/Loss Fund: General Fund 497,095.001323500,000.00 0.750USTR 307.43 0.00 307.430.752101497,095.0091282CCF6 0.00 993,420.0013241,000,000.00 0.750FHLB 625.00 0.00 625.000.765101993,420.003130AMFS6 0.00 248,377.501325249,000.00 0.800VIBRNT 163.73 0.00 163.730.802101248,377.5092559TAJ7 0.00 248,000.001326248,000.00 1.000GLDMAN 203.84 0.00 203.841.000101248,000.0038149MXK4 0.00 248,000.001327248,000.00 1.000SALMAE 203.84 0.00 203.841.000101248,000.00795451AF0 0.00 248,000.001328248,000.00 0.400TABBK 81.53 0.00 81.530.400101248,000.0089388CEY0 0.00 248,000.001329248,000.00 0.400BKOZK 81.53 0.00 81.530.400101248,000.0006417NZQ9 0.00 498,000.001330500,000.00 0.710FFCB 295.83 0.00 295.830.723101498,000.003133EM2C5 0.00 249,000.001331249,000.00 0.700PENTGN 143.26 0.00 143.260.700101249,000.0070962LAF9 0.00 245,000.001332245,000.00 0.900SYNCHR 181.23 0.00 181.230.900101245,000.0087165ET98 0.00 245,000.001333245,000.00 0.650BMW 130.89 0.00 130.890.650101245,000.0005580AD50 0.00 248,000.001334248,000.00 0.800CONNEC 163.06 0.00 163.060.800101248,000.0020786ADL6 0.00 983,750.0013351,000,000.00 0.625USTR 509.51 0.00 509.510.630101983,750.0091282CCP4 0.00 988,500.0013361,000,000.00 0.750USTR 621.55 0.00 621.550.765101988,500.0091282CCW9 0.00 999,000.0013371,000,000.00 1.000FHLB 833.33 0.00 833.331.015101999,000.003130APBM6 0.00 991,080.0013381,000,000.00 0.800FFCB 666.67 0.00 666.670.818101991,080.003133EM4X7 0.00 998,250.0013391,000,000.00 0.950FHLB 791.67 0.00 791.670.965101998,250.003130APB46 0.00 499,002.041340500,000.00 0.170FFCB 70.84 0.00 70.840.173101499,002.043133EMX64 0.00 497,792.971341500,000.00 0.125USTR 50.95 0.00 50.950.125101497,792.9791282CCN9 0.00 991,000.0013421,000,000.00 0.125USTR 101.91 0.00 101.910.125101991,000.0091282CBE0 0.00 996,320.0013431,000,000.00 0.625USTR 515.11 0.00 515.110.629101996,320.0091282CDB4 0.00 1,000,000.0013441,000,000.00 1.270FFCB 1,023.06 0.00 1,023.061.2881010.003133ENCQ1 0.00 249,000.001345249,000.00 1.100MRRCK 157.58 0.00 157.581.1001010.0059013KPN0 0.00 248,000.001346248,000.00 1.100CAP1NA 104.64 0.00 104.641.1001010.0014042RQB0 0.00 499,500.001347500,000.00 0.700FHLB 68.06 0.00 68.060.7101010.003130APTV7 0.00 168,789,234.82Subtotal 168,542,109.50 0.751 102,469.830.0096,121.03165,056,241.85 6,348.80 Fund: Fiscal Agent 1,437.4810581,437.48USBANK 0.01 0.00 0.010.0082311,437.47SYS1058 0.00 1,437.48Subtotal 1,437.48 0.008 0.010.000.011,437.47 0.00 Fund: Housing Authority : WSA and LQ 384,339.151062384,339.15LQPR 0.00 0.00 0.00241367,857.92SYS1062 0.00 384,339.15Subtotal 384,339.15 0.000.000.00367,857.92 0.00 Portfolio CITY CP Run Date: 02/17/2022 - 15:51 TE (PRF_TE) 7.3.6 Report Ver. 7.3.6.14141 Current Rate Ending Par Value Ending Fund Page 7 Book Value Beginning Book Value Adjusted Interest Earnings AccretionAmortization/EarningsAdjusted Interest November 1, 2021 - November 30, 2021 Total Earnings City of La Quinta Annualized YieldCUSIP Investment #Interest EarnedIssuer Realized Gainl/Loss Fund: SA Low/Mod Bond Fund 10,595,773.49111310,595,773.49 0.203LAIF 1,989.29 0.00 1,989.290.22824910,595,773.4925-33-005 0.00 10,595,773.49Subtotal 10,595,773.49 0.228 1,989.290.001,989.2910,595,773.49 0.00 179,770,784.94Total 179,523,659.62 0.718 104,459.130.0098,110.33176,021,310.73 6,348.80 Portfolio CITY CP Run Date: 02/17/2022 - 15:51 TE (PRF_TE) 7.3.6 Report Ver. 7.3.6.14242 43 43 Days to Maturity Page 1 Par Value Book Value Maturity Date Stated RateMarket Value December 31, 2021 Portfolio Details - Investments Average BalanceIssuer Portfolio Management City of La Quinta YTM 365TermCUSIPInvestment # Purchase Date Bank Accounts 1Bank of New York1293 4,073,116.39 4,073,116.3909/01/2020 4,073,116.39 1SYS1293 0.000 1Bank of the West1228 7,985,504.04 7,985,504.0408/20/2019 7,985,504.04 1059731851 0.000 1City Petty Cash1059 3,300.00 3,300.0007/01/2016 3,300.00 1SYS1059 0.000 1Dune Palms Mobile Estates1318 440,079.22 440,079.2203/09/2021 440,079.22 1SYS1318 0.000 1La Quinta Palms Realty1062 381,048.92 381,048.9207/01/2016 381,048.92 1SYS1062 0.000 12,883,048.57 112,883,048.5712,883,048.5712,348,448.51Subtotal and Average 1 0.000 Local Agency Investment Fund-City 1Local Agency Inv Fund1055 63,519,640.72 63,519,640.72 0.21263,525,193.90 198-33-434 0.212 63,519,640.72 163,525,193.9063,519,640.7264,035,769.75Subtotal and Average 1 0.212 Local Agency Invstmnt Fund-Housing 1Local Agency Inv Fund1113 10,595,773.49 10,595,773.49 0.21210,596,651.37 125-33-005 0.212 10,595,773.49 110,596,651.3710,595,773.4910,595,773.49Subtotal and Average 1 0.212 Money Market/Mutual Funds 1Dreyfus12940.00 0.0007/01/2021 0.00 1X9USDDTP3 0.000 0.00 00.000.000.00Subtotal and Average 0 0.000 Money Market Accounts - CAMP 1California Asset Management Pr1153 855,630.59 855,630.59 0.05009/26/2018 855,630.59 1SYS1153 0.050 855,630.59 1855,630.59855,630.59855,595.20Subtotal and Average 1 0.050 Federal Agency Coupon Securities 248Federal National Mtg Assn1233 1,000,000.00 992,100.00 09/06/20221.37510/29/2019 1,007,550.00 1,0433135G0W33 1.659 271Federal Farm Credit Bank1247 1,000,000.00 999,217.36 09/29/20221.40002/05/2020 1,009,510.00 9673133EGWJ0 1.430 345Federal Farm Credit Bank1198 500,000.00 499,500.00 12/12/20221.87506/20/2019 508,170.00 1,2713133EKQP4 1.905 389Federal Farm Credit Bank1348 1,000,000.00 998,530.00 01/25/20230.18012/07/2021 998,090.00 4143133ENBT6 0.310 482Federal Farm Credit Bank1340 500,000.00 499,002.04 04/28/20230.17010/22/2021 499,245.00 5533133EMX64 0.302 590Federal Farm Credit Bank1223 500,000.00 499,400.00 08/14/20231.60009/12/2019 509,780.00 1,4323133EKZK5 1.632 612Federal Farm Credit Bank1158 250,000.00 247,275.00 09/05/20232.80010/15/2018 259,977.50 1,7863133EJYL7 3.041 669Federal Farm Credit Bank1234 1,000,000.00 996,900.00 11/01/20231.60011/01/2019 1,020,810.00 1,4613133EK4X1 1.680 773Federal Home Loan Bank1177 500,000.00 498,550.00 02/13/20242.50003/01/2019 518,055.00 1,8103130AFW94 2.563 774Federal Farm Credit Bank1246 1,000,000.00 999,000.00 02/14/20241.43002/14/2020 1,018,540.00 1,4613133ELNE0 1.456 913Federal National Mtg Assn1206 500,000.00 495,950.00 07/02/20241.75007/15/2019 511,055.00 1,8143135G0V75 1.922 Portfolio CITY CP Run Date: 02/17/2022 - 15:36 PM (PRF_PM2) 7.3.0 Report Ver. 7.3.6.14444 Days to Maturity Page 2 Par Value Book Value Maturity Date Stated RateMarket Value December 31, 2021 Portfolio Details - Investments Average BalanceIssuer Portfolio Management City of La Quinta YTM 365TermCUSIPInvestment # Purchase Date Federal Agency Coupon Securities 937Federal Farm Credit Bank1212 500,000.00 499,500.00 07/26/20241.85008/02/2019 514,670.00 1,8203133EKWV4 1.871 990Federal Farm Credit Bank1224 500,000.00 498,750.00 09/17/20241.60009/17/2019 508,755.00 1,8273133EKP75 1.652 990Federal Farm Credit Bank1242 1,000,000.00 998,600.00 09/17/20241.70012/17/2019 1,025,640.00 1,7363133ELEA8 1.731 1,052Federal National Mtg Assn1291 500,000.00 499,250.00 11/18/20240.42011/18/2020 491,920.00 1,4613135G06E8 0.458 1,073Federal Farm Credit Bank1355 1,000,000.00 1,000,000.00 12/09/20240.97012/09/2021 999,430.00 1,0963133ENGN4 0.970 1,094Federal National Mtg Assn1300 500,000.00 500,000.00 12/30/20240.40012/30/2020 492,700.00 1,4613135GAAW1 0.400 1,102Federal Home Loan Bank1353 1,000,000.00 987,100.00 01/07/20250.55012/07/2021 985,200.00 1,1273130AP2U8 0.976 1,242Federal Home Loan Mtg Corp1279 1,000,000.00 1,000,000.00 05/27/20250.62505/27/2020 986,430.00 1,8263134GVYG7 0.625 1,255Federal Farm Credit Bank1280 500,000.00 499,850.00 06/09/20250.50006/09/2020 491,675.00 1,8263133ELH23 0.506 1,256Federal Farm Credit Bank1282 500,000.00 500,000.00 06/10/20250.68006/10/2020 490,280.00 1,8263133ELH80 0.680 1,259Federal Home Loan Bank1281 500,000.00 499,850.00 06/13/20250.50006/03/2020 490,625.00 1,8363130AJKW8 0.506 1,276Federal Home Loan Bank1283 300,000.00 300,000.00 06/30/20250.68006/30/2020 295,299.00 1,8263130AJRP6 0.680 1,297Federal Home Loan Mtg Corp1297 1,000,000.00 997,300.00 07/21/20250.37512/07/2020 974,800.00 1,6873137EAEU9 0.434 1,321Federal National Mtg Assn1288 500,000.00 500,000.00 08/14/20250.50008/14/2020 488,575.00 1,8263135G05S8 0.500 1,325Federal National Mtg Assn1290 500,000.00 499,750.00 08/18/20250.52008/28/2020 489,210.00 1,8163136G4M75 0.530 1,328Federal National Mtg Assn1289 1,000,000.00 1,000,000.00 08/21/20250.56008/21/2020 978,560.00 1,8263136G4N74 0.560 1,361Federal Home Loan Mtg Corp1307 500,000.00 495,999.50 09/23/20250.37502/23/2021 486,575.00 1,6733137EAEX3 0.552 1,361Federal Home Loan Mtg Corp1310 1,000,000.00 983,940.00 09/23/20250.37503/30/2021 973,150.00 1,6383137EAEX3 0.740 1,406Federal National Mtg Assn1354 1,000,000.00 976,300.00 11/07/20250.50012/07/2021 975,920.00 1,4313135G06G3 1.120 1,416Federal National Mtg Assn1292 500,000.00 499,250.00 11/17/20250.56011/17/2020 489,275.00 1,8263135GA2Z3 0.590 1,441Federal Home Loan Bank1298 500,000.00 497,400.00 12/12/20250.37512/07/2020 484,420.00 1,8313130AKFA9 0.480 1,452Federal National Mtg Assn1299 500,000.00 500,000.00 12/23/20250.60012/23/2020 489,435.00 1,8263135GA7D7 0.600 1,459Federal Home Loan Mtg Corp1301 500,000.00 500,000.00 12/30/20250.55012/30/2020 491,310.00 1,8263134GXGZ1 0.550 1,474Federal Home Loan Bank1302 500,000.00 500,000.00 01/14/20260.51001/14/2021 489,045.00 1,8263130AKMZ6 0.510 1,489Federal Home Loan Bank1304 500,000.00 500,000.00 01/29/20260.55001/29/2021 489,495.00 1,8263130AKN28 0.550 1,549Federal Home Loan Bank1312 500,000.00 500,000.00 03/30/20260.50003/30/2021 497,565.00 1,8263130ALV92 0.938 1,623Federal Home Loan Bank1324 1,000,000.00 993,420.00 06/12/20260.75006/17/2021 980,130.00 1,8213130AMFS6 0.885 1,682Federal Farm Credit Bank1330 500,000.00 498,000.00 08/10/20260.71008/10/2021 488,485.00 1,8263133EM2C5 0.792 1,713Federal Farm Credit Bank1338 1,000,000.00 991,080.00 09/10/20260.80009/28/2021 978,490.00 1,8083133EM4X7 0.985 1,733Federal Home Loan Bank1337 1,000,000.00 999,000.00 09/30/20261.00009/30/2021 987,180.00 1,8263130APBM6 1.021 1,746Federal Home Loan Bank1339 1,000,000.00 998,250.00 10/13/20260.95010/13/2021 985,220.00 1,8263130APB46 0.986 1,766Federal Farm Credit Bank1344 1,000,000.00 1,000,000.00 11/02/20261.27011/02/2021 996,710.00 1,8263133ENCQ1 1.270 1,788Federal Home Loan Bank1347 500,000.00 499,500.00 11/24/20260.70011/24/2021 499,130.00 1,8263130APTV7 1.489 1,815Federal Home Loan Bank1358 1,000,000.00 999,750.00 12/21/20261.25012/22/2021 999,120.00 1,8253130AQF65 1.255 31,437,263.90 1,58531,345,206.5031,550,000.0029,928,672.61Subtotal and Average 1,186 1.023 Portfolio CITY CP Run Date: 02/17/2022 - 15:36 PM (PRF_PM2) 7.3.0 4545 Days to Maturity Page 3 Par Value Book Value Maturity Date Stated RateMarket Value December 31, 2021 Portfolio Details - Investments Average BalanceIssuer Portfolio Management City of La Quinta YTM 365TermCUSIPInvestment # Purchase Date Treasury Coupon Securities 134U.S. Treasury1192 500,000.00 496,650.00 05/15/20221.75005/31/2019 502,930.00 1,080912828SV3 1.984 272U.S. Treasury1178 500,000.00 489,687.50 09/30/20221.87503/01/2019 505,760.00 1,3099128282W9 2.480 454U.S. Treasury1349 1,000,000.00 996,718.75 03/31/20230.12512/07/2021 995,430.00 47991282CBU4 0.376 515U.S. Treasury1350 1,000,000.00 995,468.75 05/31/20230.12512/07/2021 993,830.00 54091282CCD1 0.432 576U.S. Treasury1341 500,000.00 497,792.97 07/31/20230.12510/22/2021 496,115.00 64791282CCN9 0.375 637U.S. Treasury1217 500,000.00 499,300.00 09/30/20231.37508/21/2019 506,095.00 1,501912828T26 1.410 713U.S. Treasury1351 1,000,000.00 990,000.00 12/15/20230.12512/07/2021 988,630.00 73891282CBA8 0.623 744U.S. Treasury1342 1,000,000.00 991,000.00 01/15/20240.12510/22/2021 987,540.00 81591282CBE0 0.531 804U.S. Treasury1352 1,000,000.00 989,800.00 03/15/20240.25012/07/2021 988,200.00 82991282CBR1 0.704 1,018U.S. Treasury1343 1,000,000.00 996,320.00 10/15/20240.62510/22/2021 992,110.00 1,08991282CDB4 0.750 1,064U.S. Treasury1241 1,000,000.00 989,687.50 11/30/20241.50012/16/2019 1,015,980.00 1,811912828YV6 1.718 1,399U.S. Treasury1311 1,000,000.00 977,500.00 10/31/20250.25003/30/2021 966,910.00 1,67691282CAT8 0.750 1,429U.S. Treasury1315 500,000.00 492,187.50 11/30/20250.37504/22/2021 485,115.00 1,68391282CAZ4 0.720 1,460U.S. Treasury1303 500,000.00 498,632.81 12/31/20250.37501/07/2021 484,865.00 1,81991282CBC4 0.431 1,491U.S. Treasury1309 500,000.00 495,100.00 01/31/20260.37502/23/2021 483,945.00 1,80391282CBH3 0.577 1,519U.S. Treasury1319 500,000.00 494,165.00 02/28/20260.50005/28/2021 486,035.00 1,73791282CBQ3 0.750 1,550U.S. Treasury1320 500,000.00 499,525.00 03/31/20260.75005/28/2021 490,760.00 1,76891282CBT7 0.770 1,550U.S. Treasury1322 500,000.00 498,450.00 03/31/20260.75006/17/2021 490,760.00 1,74891282CBT7 0.816 1,611U.S. Treasury1321 1,000,000.00 997,060.00 05/31/20260.75006/01/2021 980,000.00 1,82591282CCF6 0.810 1,611U.S. Treasury1323 500,000.00 497,095.00 05/31/20260.75006/17/2021 490,000.00 1,80991282CCF6 0.870 1,672U.S. Treasury1335 1,000,000.00 983,750.00 07/31/20260.62509/29/2021 972,930.00 1,76691282CCP4 0.970 1,703U.S. Treasury1336 1,000,000.00 988,500.00 08/31/20260.75009/29/2021 978,200.00 1,79791282CCW9 0.990 16,354,390.78 1,32116,282,140.0016,500,000.0015,585,619.01Subtotal and Average 1,079 0.863 Certificate of Deposits 18The Ohio Valley Bank1089 240,000.00 240,000.00 01/19/20221.90007/19/2017 240,227.98 1,645677721CN0 1.903 30Third Federal Savings and Loan1112 245,000.00 245,000.00 01/31/20222.50001/30/2018 245,506.06 1,46288413QBY3 2.502 31Discover Bank Greenwood DE CF1066 240,000.00 240,000.00 02/01/20222.25002/01/2017 240,458.42 1,8262546722U1 2.251 58Maine Savings FCU1171 248,000.00 248,000.00 02/28/20223.30012/28/2018 249,300.46 1,158560507AK1 3.306 76Luana Savings Bank1225 245,000.00 245,000.00 03/18/20221.60009/18/2019 245,743.40 912549104JN8 1.599 88Bellco Credit Union1264 248,000.00 248,000.00 03/30/20221.30003/31/2020 248,686.48 72907833EAD9 1.300 89Cadence Bank, NA1259 245,000.00 245,000.00 03/31/20221.20003/31/2020 245,587.20 73012738RFX7 1.200 89Bank of Santa Clarita1261 248,000.00 248,000.00 03/31/20221.10003/31/2020 248,532.99 73006424KBC3 1.100 118Farmers Insurance Group FCU1126 240,000.00 240,000.00 04/29/20222.80004/30/2018 242,029.92 1,46030960QAG2 2.802 136Kansas State Bank1101 245,000.00 245,000.00 05/17/20222.10011/17/2017 246,695.78 1,64250116CBE8 2.099 Portfolio CITY CP Run Date: 02/17/2022 - 15:36 PM (PRF_PM2) 7.3.0 4646 Days to Maturity Page 4 Par Value Book Value Maturity Date Stated RateMarket Value December 31, 2021 Portfolio Details - Investments Average BalanceIssuer Portfolio Management City of La Quinta YTM 365TermCUSIPInvestment # Purchase Date Certificate of Deposits 158PCSB Bank1149 245,000.00 245,000.00 06/08/20223.00006/08/2018 247,919.30 1,46169324MAD7 3.002 159Synovus Bank1253 245,000.00 245,000.00 06/09/20221.60003/09/2020 246,413.35 82287164DRD4 1.602 163Allegiance Bank1143 245,000.00 245,000.00 06/13/20223.10006/13/2018 248,120.33 1,46101748DBE5 3.102 178America's Credit Union1200 248,000.00 248,000.00 06/28/20222.30006/28/2019 250,464.07 1,09603065AAL7 2.302 219Traditions Bank1148 245,000.00 245,000.00 08/08/20223.00006/08/2018 248,988.45 1,52289269CBX9 3.002 234CIT Bank NA1219 245,000.00 245,000.00 08/23/20221.90008/23/2019 247,500.80 1,09612556LBA3 1.902 240American Express Fed Savings B1096 240,000.00 240,000.00 08/29/20222.40008/29/2017 243,313.87 1,82602587CFU9 2.402 240Sterling Bank1201 245,000.00 245,000.00 08/29/20222.15006/28/2019 247,973.74 1,15885916VDC6 2.153 285Alliance Credit Union1095 245,000.00 245,000.00 10/13/20222.25010/13/2017 248,669.35 1,82601859BAA3 2.251 297Barclays Bank1097 240,000.00 240,000.00 10/25/20222.30010/25/2017 243,844.21 1,82606740KLJ4 2.291 311Mountain America Federal CU1099 245,000.00 245,000.00 11/08/20222.30011/08/2017 248,953.95 1,82662384RAC0 2.301 321CrossFirst Bank1106 245,000.00 245,000.00 11/18/20222.20011/20/2017 248,861.76 1,82422766ACB9 2.201 331Enterprise Bank, NA1107 245,000.00 245,000.00 11/28/20222.15011/28/2017 248,868.74 1,82629367QCP1 2.151 340Medallion Bank1169 248,000.00 248,000.00 12/07/20223.40012/07/2018 254,773.45 1,46158404DCX7 3.402 340Red Rocks Credit Union1166 248,000.00 248,000.00 12/07/20223.35012/07/2018 254,656.30 1,46175701LAB3 3.352 362Knoxville TVA Credit Union1110 245,000.00 245,000.00 12/29/20222.40012/29/2017 249,658.58 1,826499724AB8 2.401 363Kern FCU1239 248,000.00 248,000.00 12/30/20221.90012/30/2019 251,478.30 1,09649228XAK6 1.902 363San Francisco FCU1240 248,000.00 248,000.00 12/30/20221.85012/30/2019 251,353.27 1,09679772FAC0 1.852 394Wells Fargo Natl Bank West1244 248,000.00 248,000.00 01/30/20231.90001/29/2020 251,571.38 1,097949495AT2 1.900 416Servisfirst Bank1254 248,000.00 248,000.00 02/21/20231.60002/21/2020 250,824.52 1,09681768PAF3 1.601 423Verus Bank of Commerce1180 248,000.00 248,000.00 02/28/20232.70002/28/2019 254,072.38 1,46192535LCD4 2.700 445Aneca Federal Credit Union1119 245,000.00 245,000.00 03/22/20232.80003/22/2018 251,508.84 1,826034577AH9 2.802 454Northstar Bank1263 248,000.00 248,000.00 03/31/20231.15003/31/2020 249,491.50 1,09566704MEQ0 1.150 454West Michigan Cmnty Bk1265 248,000.00 248,000.00 03/31/20231.15003/31/2020 249,491.50 1,095954444BS3 1.150 465Citibank NA1123 245,000.00 245,000.00 04/11/20232.90004/11/2018 252,021.45 1,82617312QJ26 2.902 482Congressional Bank1189 248,000.00 248,000.00 04/28/20232.50004/30/2019 254,053.30 1,45920726ABA5 2.502 482EnerBank USA1125 240,000.00 240,000.00 04/28/20232.95004/30/2018 247,300.11 1,82429278TAY6 2.952 489First National Bank1179 248,000.00 248,000.00 05/05/20232.80003/05/2019 255,046.08 1,52232117BCX4 2.802 522Pittsfield Cooperative Bank1194 245,000.00 245,000.00 06/07/20232.50006/07/2019 251,247.14 1,461725404AB3 2.502 535Morton Community1173 248,000.00 248,000.00 06/20/20232.75003/20/2019 255,408.56 1,553619165JD6 2.753 535RCB Bank1144 245,000.00 245,000.00 06/20/20233.15006/20/2018 253,769.68 1,82674934YAH4 3.152 541American First CU1285 248,000.00 248,000.00 06/26/20230.35006/26/2020 246,581.95 1,09502616AAH2 0.350 564American National Bank1205 248,000.00 248,000.00 07/19/20232.00007/19/2019 252,792.20 1,46102772JBD1 2.001 565First National Bank of America1147 245,000.00 245,000.00 07/20/20233.15007/20/2018 254,144.48 1,82632110YLK9 3.152 576Bank of New England1151 249,000.00 249,000.00 07/31/20233.25007/31/2018 258,748.48 1,82606426KAN8 3.252 599Raymond James Bank1218 244,000.00 244,000.00 08/23/20231.95008/23/2019 248,671.61 1,46175472RAD3 1.951 Portfolio CITY CP Run Date: 02/17/2022 - 15:36 PM (PRF_PM2) 7.3.0 4747 Days to Maturity Page 5 Par Value Book Value Maturity Date Stated RateMarket Value December 31, 2021 Portfolio Details - Investments Average BalanceIssuer Portfolio Management City of La Quinta YTM 365TermCUSIPInvestment # Purchase Date Certificate of Deposits 636Triad Bank1262 248,000.00 248,000.00 09/29/20231.35003/30/2020 250,303.79 1,27889579NCD3 1.352 654Cache Valley BK F/K/A Marlin1155 248,000.00 248,000.00 10/17/20233.30010/17/2018 258,965.91 1,82657116ARV2 3.302 654Municipal Trust and Savings1160 245,000.00 245,000.00 10/17/20233.20010/17/2018 255,391.08 1,826625925AR3 3.202 654UBS Bank USA1161 245,000.00 245,000.00 10/17/20233.35010/17/2018 256,054.35 1,82690348JEJ5 3.352 656Jefferson Financial CU1154 245,000.00 245,000.00 10/19/20233.35010/19/2018 256,065.51 1,826474067AQ8 3.352 683Commercial Bank1162 248,000.00 248,000.00 11/15/20233.40011/15/2018 259,771.09 1,82620143PDV9 3.402 696Numerica Credit Union1164 248,000.00 248,000.00 11/28/20233.55011/28/2018 260,706.84 1,82667054NAN3 3.552 719National Cooperative Bank, N.A1170 245,000.00 245,000.00 12/21/20233.40012/21/2018 257,062.45 1,826635573AL2 3.402 727Bar Harbor Bank and Trust1172 248,000.00 248,000.00 12/29/20233.35012/31/2018 260,120.33 1,824066851WJ1 3.352 758Lakeside Bank1208 248,000.00 248,000.00 01/29/20242.00007/30/2019 253,490.89 1,64451210SQU4 2.003 772Rollstone B&T1251 245,000.00 245,000.00 02/12/20241.65002/12/2020 248,587.90 1,46177579ADF0 1.651 773Northwest Bank1181 248,000.00 248,000.00 02/13/20242.95002/13/2019 258,503.01 1,82666736ABP3 2.951 787Wells Fargo1174 248,000.00 248,000.00 02/27/20243.00002/27/2019 258,959.54 1,826949763XY7 3.001 817Texas Bank Financial1260 245,000.00 245,000.00 03/28/20241.10003/31/2020 245,668.47 1,458882213AB7 1.101 835The Jefferson Bank1272 248,000.00 248,000.00 04/15/20241.25004/15/2020 249,439.66 1,461472382AQ3 1.251 836Belmont Bank and Trust1270 248,000.00 248,000.00 04/16/20241.25004/16/2020 249,441.37 1,46108016PDQ9 1.251 836Pacific Western Bank1269 245,000.00 245,000.00 04/16/20241.30004/16/2020 246,700.12 1,46169506YRH4 1.301 846Main Street Bank1188 248,000.00 248,000.00 04/26/20242.60004/26/2019 257,240.58 1,82756065GAG3 2.603 865First Service Bank1231 248,000.00 248,000.00 05/15/20241.70011/15/2019 252,029.36 1,64333640VDD7 1.701 866JP Morgan Chase1185 245,000.00 245,000.00 05/16/20243.25005/16/2019 258,004.17 1,82748128HXU7 3.254 873Iowa State Bank1186 245,000.00 245,000.00 05/23/20242.40005/23/2019 253,109.01 1,82746256YAZ2 2.403 878Live Oak Bank1238 248,000.00 248,000.00 05/28/20241.80011/27/2019 252,686.97 1,644538036GV0 1.802 879Century Next Bank1184 248,000.00 248,000.00 05/29/20242.50005/29/2019 256,881.76 1,827156634AK3 2.503 888Plains Commerce Bank1195 245,000.00 245,000.00 06/07/20242.55006/07/2019 254,025.10 1,82772651LCL6 2.553 893Evansville Teachers Credit FCU1196 248,000.00 248,000.00 06/12/20242.60006/12/2019 257,511.31 1,827299547AQ2 2.603 900Legacy Bank1197 248,000.00 248,000.00 06/19/20242.40006/19/2019 256,359.92 1,827524661CB9 2.403 902Citizens State Bank1199 248,000.00 248,000.00 06/21/20242.40006/21/2019 256,378.25 1,827176688CP2 2.403 909Communitywide FCU1202 248,000.00 248,000.00 06/28/20242.25006/28/2019 255,514.65 1,82720416TAQ5 2.253 909Revere Bank1203 247,000.00 247,000.00 06/28/20242.30006/28/2019 254,775.44 1,827761402BY1 2.303 937Abacus Federal Savings1207 248,000.00 248,000.00 07/26/20241.95007/26/2019 253,708.43 1,82700257TBD7 1.952 941First Security Bank of WA1209 248,000.00 248,000.00 07/30/20242.00007/30/2019 254,052.36 1,82733625CCP2 2.002 942People's Bank1210 248,000.00 248,000.00 07/31/20242.00007/31/2019 253,935.50 1,827710571DS6 2.002 958Preferred Bank1213 249,000.00 249,000.00 08/16/20242.00008/16/2019 255,059.03 1,827740367HP5 2.002 965FirsTier Bank1216 249,000.00 249,000.00 08/23/20241.95008/23/2019 254,773.48 1,82733766LAJ7 1.952 965Washington Federal1215 248,000.00 248,000.00 08/23/20242.00008/23/2019 254,078.14 1,827938828BH2 2.002 972First State Bk DeQueen1222 248,000.00 248,000.00 08/30/20241.80008/30/2019 252,800.86 1,827336460CX6 1.802 Portfolio CITY CP Run Date: 02/17/2022 - 15:36 PM (PRF_PM2) 7.3.0 4848 Days to Maturity Page 6 Par Value Book Value Maturity Date Stated RateMarket Value December 31, 2021 Portfolio Details - Investments Average BalanceIssuer Portfolio Management City of La Quinta YTM 365TermCUSIPInvestment # Purchase Date Certificate of Deposits 972First Natl Bk of Syracuse1221 249,000.00 249,000.00 08/30/20241.85008/30/2019 254,151.74 1,827334342CD2 1.852 972Celtic Bank1220 248,000.00 248,000.00 08/30/20241.85008/30/2019 253,131.05 1,82715118RRH2 1.852 983BMW Bank1333 245,000.00 245,000.00 09/10/20240.65009/10/2021 242,090.38 1,09605580AD50 0.651 1,000BankWest Inc1227 248,000.00 248,000.00 09/27/20241.70009/27/2019 252,127.71 1,82706652CHB0 1.702 1,028Southern Bancorp Bk1286 248,000.00 248,000.00 10/25/20240.50006/26/2020 243,738.82 1,58284223QAN7 0.500 1,041Sauk Valley B&T Co1235 248,000.00 248,000.00 11/07/20241.70011/07/2019 252,023.45 1,827804375DL4 1.702 1,054Morgan Stanley Bank1237 245,000.00 245,000.00 11/20/20241.95011/20/2019 250,772.90 1,82761690UNX4 1.952 1,054Morgan Stanley Private Bk, NA1236 245,000.00 245,000.00 11/20/20241.90011/20/2019 250,420.81 1,82761760A3B3 1.902 1,094Bank Princeton1287 248,000.00 248,000.00 12/30/20240.50006/30/2020 243,191.23 1,644064520BG3 0.500 1,118Transportation Alliance Bk TAB1328 248,000.00 248,000.00 01/23/20250.40007/23/2021 242,188.71 1,28089388CEY0 0.401 1,124Bank OZK1329 248,000.00 248,000.00 01/29/20250.40007/29/2021 242,158.14 1,28006417NZQ9 0.401 1,133United Community1249 248,000.00 248,000.00 02/07/20251.65002/07/2020 251,610.14 1,82790983WBT7 1.652 1,140First National Bank Michigan1250 248,000.00 248,000.00 02/14/20251.65002/14/2020 251,631.99 1,82732114VBT3 1.652 1,140Freedom Financial1248 248,000.00 248,000.00 02/14/20251.55002/14/2020 250,860.86 1,82735637RDC8 1.552 1,147American State1255 248,000.00 248,000.00 02/21/20251.60002/21/2020 251,265.98 1,827029728BC5 1.602 1,153Citadel FCU1252 248,000.00 248,000.00 02/27/20251.65002/27/2020 251,672.64 1,82717286TAG0 1.652 1,167Access Bank1256 248,000.00 248,000.00 03/13/20251.60003/13/2020 251,242.35 1,82600435JBH5 1.601 1,174Spring Bank1257 248,000.00 248,000.00 03/20/20251.50003/20/2020 250,467.87 1,826849430BF9 1.501 1,180Axos Bank1258 248,000.00 248,000.00 03/26/20251.65003/26/2020 251,676.53 1,82605465DAE8 1.651 1,182Alma Bank1267 248,000.00 248,000.00 03/28/20251.40003/30/2020 249,685.54 1,824020080BX4 1.399 1,185Commonwealth Business Bk1268 248,000.00 248,000.00 03/31/20251.25003/31/2020 248,408.36 1,8262027506M2 1.251 1,185Nicolet Natl Bank1266 248,000.00 248,000.00 03/31/20251.40003/31/2020 249,609.40 1,826654062JZ2 1.401 1,193Capital One USA FDIC339541271 245,000.00 245,000.00 04/08/20251.60004/08/2020 248,182.42 1,82614042TDD6 1.601 1,213First Natl Bk McGregor1274 248,000.00 248,000.00 04/28/20251.35004/28/2020 249,237.00 1,82632112UDR9 1.351 1,214First Freedom Bank1273 249,000.00 249,000.00 04/29/20251.20004/29/2020 249,008.22 1,82632027BAL1 1.201 1,215Flagstar1276248,000.00 248,000.00 04/30/20251.25004/30/2020 248,415.39 1,82633847E3A3 1.251 1,2271st Internet Bank1278 248,000.00 248,000.00 05/12/20251.00005/11/2020 246,260.47 1,82732056GDJ6 0.985 1,228Western State Bank1277 245,000.00 245,000.00 05/13/20251.00005/13/2020 243,282.89 1,82695960NKD8 1.001 1,270Chippewa Valley Bk1284 248,000.00 248,000.00 06/24/20250.60006/24/2020 242,689.32 1,826169894AS1 0.600 1,340Pentagon FCU1331 249,000.00 249,000.00 09/02/20250.70009/01/2021 244,009.15 1,46270962LAF9 0.687 1,482Landmark Community Bank1305 248,000.00 248,000.00 01/22/20260.50001/22/2021 240,124.45 1,82651507LCC6 0.500 1,503TIAA FKA EverBank1306 245,000.00 245,000.00 02/12/20260.50002/12/2021 237,073.61 1,82687270LDL4 0.500 1,566Greenstate FCU1313 249,000.00 249,000.00 04/16/20260.95004/16/2021 245,188.41 1,82639573LBC1 0.951 1,572Toyota Financial Savings Bank1314 245,000.00 245,000.00 04/22/20260.90004/22/2021 240,725.20 1,82689235MKY6 0.900 1,577Carter FCU1316 248,000.00 248,000.00 04/27/20260.75004/27/2021 242,066.21 1,82614622LAA0 0.750 1,580Fidelity Homestead1317 248,000.00 248,000.00 04/30/20260.70004/30/2021 241,526.38 1,82631617CAV5 0.711 Portfolio CITY CP Run Date: 02/17/2022 - 15:36 PM (PRF_PM2) 7.3.0 4949 Days to Maturity Page 7 Par Value Book Value Maturity Date Stated RateMarket Value December 31, 2021 Portfolio Details - Investments Average BalanceIssuer Portfolio Management City of La Quinta YTM 365TermCUSIPInvestment # Purchase Date Certificate of Deposits 1,637LCA Bank Corp1356 248,000.00 248,000.00 06/26/20261.00012/27/2021 244,452.39 1,642501798RP9 1.000 1,641Vibrant Credit Union1325 249,000.00 248,377.50 06/30/20260.80007/02/2021 243,217.22 1,82492559TAJ7 0.852 1,669Goldman Sachs1326 248,000.00 248,000.00 07/28/20261.00007/28/2021 244,317.95 1,82638149MXK4 1.001 1,669Sallie Mae Bank Salt Lake CIty1327 248,000.00 248,000.00 07/28/20261.00007/28/2021 244,317.95 1,826795451AF0 1.001 1,706Synchrony Bank Retail1332 245,000.00 245,000.00 09/03/20260.90009/03/2021 240,006.20 1,82687165ET98 0.900 1,727Connect One1334 248,000.00 248,000.00 09/24/20260.80009/24/2021 241,720.72 1,82620786ADL6 0.800 1,773Merrick Bank1345 249,000.00 249,000.00 11/09/20261.10011/09/2021 245,939.53 1,82659013KPN0 1.101 1,781Capital One Natl Assn FDIC42971346 248,000.00 248,000.00 11/17/20261.10011/17/2021 244,945.15 1,82614042RQB0 1.101 1,817Connexus CU1357 249,000.00 249,000.00 12/23/20261.25012/23/2021 247,615.47 1,82620825WAR1 1.250 31,338,377.50 1,63631,737,930.6031,339,000.0031,279,732.34Subtotal and Average 814 1.910 Corporate Notes 36Proctor and Gamble1159 500,000.00 487,950.00 02/06/20222.30010/15/2018 500,950.00 1,210742718DY2 3.071 348Wal-Mart Stores, Inc1190 500,000.00 496,650.00 12/15/20222.35004/16/2019 508,300.00 1,339931142DU4 2.799 396Colgate-Palmolive1175 500,000.00 485,250.00 02/01/20231.95003/04/2019 506,735.00 1,43019416QEA4 2.751 584Microsoft Corporation1157 400,000.00 378,360.00 08/08/20232.00010/15/2018 407,620.00 1,758594918BQ6 3.222 1,517International Finance Corp.1308 500,000.00 497,300.00 02/26/20260.50002/26/2021 487,415.00 1,82645950VPS9 0.610 2,345,510.00 1,5022,411,020.002,400,000.002,345,510.00Subtotal and Average 579 2.450 Money Market with Fiscal Agent 1US Bank1058 1,437.50 1,437.5007/01/2016 1,437.50 1SYS1058 0.000 1,437.50 11,437.501,437.501,437.48Subtotal and Average 1 0.000 CERBT - OPEB Trust 1CalPERS CERBT Plan1114 2,127,071.17 2,127,071.1707/01/2021 2,127,071.17 1SYS1114 0.000 2,127,071.17 12,127,071.172,127,071.172,050,305.67Subtotal and Average 1 0.000 PARS Pension Trust 1Pblc Agncy Rtrmnt Serv1230 11,569,836.95 11,569,836.9511,569,836.95 1SYS1230 0.000 11,569,836.95 111,569,836.9511,569,836.9511,446,247.14Subtotal and Average 1 0.000 Portfolio CITY CP Run Date: 02/17/2022 - 15:36 PM (PRF_PM2) 7.3.0 5050 Days to Maturity Page 8 Par Value Book Value Stated RateMarket Value December 31, 2021 Portfolio Details - Investments Average BalanceIssuer Portfolio Management City of La Quinta YTM 365TermCUSIPInvestment # Purchase Date 690180,473,111.20 183,341,438.99 448 0.697183,335,167.15 183,027,981.17Total and Average Portfolio CITY CP Run Date: 02/17/2022 - 15:36 PM (PRF_PM2) 7.3.0 5151 City of La Quinta Total Earnings City of La Quinta - Sorted by Fund - Fund December 1, 2021 - December 31, 2021 Current Rate Ending Par Value Ending Fund Book Value Beginning Book Value Adjusted Interest Earnings AccretionAmortization/EarningsAdjusted InterestAnnualized YieldCUSIP Investment #Interest EarnedIssuer Realized Gainl/Loss Fund: General Fund 63,519,640.72105563,519,640.72 0.212LAIF 12,423.07 0.00 12,423.070.20510171,519,640.7298-33-434 0.00 3,300.0010593,300.00CITYPC 0.00 0.00 0.001013,300.00SYS1059 0.00 240,000.001066240,000.00 2.250DISCOV 458.63 0.00 458.632.250101240,000.002546722U1 0.00 240,000.001089240,000.00 1.900OHVAL 387.29 0.00 387.291.900101240,000.00677721CN0 0.00 245,000.001095245,000.00 2.250ALLIAN 468.19 0.00 468.192.250101245,000.0001859BAA3 0.00 240,000.001096240,000.00 2.400AMFSB 489.20 0.00 489.202.400101240,000.0002587CFU9 0.00 240,000.001097240,000.00 2.300BARCLY 468.82 0.00 468.822.300101240,000.0006740KLJ4 0.00 245,000.001099245,000.00 2.300MTNAMR 478.59 0.00 478.592.300101245,000.0062384RAC0 0.00 245,000.001101245,000.00 2.100KANSAS 436.97 0.00 436.972.100101245,000.0050116CBE8 0.00 245,000.001106245,000.00 2.200CRS1ST 457.78 0.00 457.782.200101245,000.0022766ACB9 0.00 245,000.001107245,000.00 2.150ENTRPR 447.38 0.00 447.382.150101245,000.0029367QCP1 0.00 245,000.001110245,000.00 2.400KNOX 499.40 0.00 499.402.400101245,000.00499724AB8 0.00 245,000.001112245,000.00 2.5003RD 520.21 0.00 520.212.500101245,000.0088413QBY3 0.00 2,127,071.1711142,127,071.17CALPRS 0.00 0.00 0.001012,047,746.82SYS1114 0.00 245,000.001119245,000.00 2.800ANECA 582.63 0.00 582.632.800101245,000.00034577AH9 0.00 245,000.001123245,000.00 2.900CITINA 603.44 0.00 603.442.900101245,000.0017312QJ26 0.00 240,000.001125240,000.00 2.950ENER 601.32 0.00 601.322.950101240,000.0029278TAY6 0.00 240,000.001126240,000.00 2.800FARMIG 570.74 0.00 570.742.800101240,000.0030960QAG2 0.00 245,000.001143245,000.00 3.100ALLGNC 645.06 0.00 645.063.100101245,000.0001748DBE5 0.00 245,000.001144245,000.00 3.150RCB 655.46 0.00 655.463.150101245,000.0074934YAH4 0.00 245,000.001147245,000.00 3.1501STNBA 655.46 0.00 655.463.150101245,000.0032110YLK9 0.00 245,000.001148245,000.00 3.000TRAD 624.25 0.00 624.253.000101245,000.0089269CBX9 0.00 245,000.001149245,000.00 3.000PCSB 624.25 0.00 624.253.000101245,000.0069324MAD7 0.00 249,000.001151249,000.00 3.250NWENGL 687.31 0.00 687.313.250101249,000.0006426KAN8 0.00 855,630.591153855,630.59 0.050CAMP 36.57 0.00 36.570.050101855,594.02SYS1153 0.00 245,000.001154245,000.00 3.350JEFF 697.08 0.00 697.083.350101245,000.00474067AQ8 0.00 248,000.001155248,000.00 3.300MARBUS 695.08 0.00 695.083.300101248,000.0057116ARV2 0.00 378,360.001157400,000.00 2.000MCRSFT 666.67 0.00 666.672.075101378,360.00594918BQ6 0.00 247,275.001158250,000.00 2.800FFCB 583.34 0.00 583.342.778101247,275.003133EJYL7 0.00 Portfolio CITY CP Run Date: 02/17/2022 - 15:53 TE (PRF_TE) 7.3.6 Report Ver. 7.3.6.15252 Current Rate Ending Par Value Ending Fund Page 2 Book Value Beginning Book Value Adjusted Interest Earnings AccretionAmortization/EarningsAdjusted Interest December 1, 2021 - December 31, 2021 Total Earnings City of La Quinta Annualized YieldCUSIP Investment #Interest EarnedIssuer Realized Gainl/Loss Fund: General Fund 487,950.001159500,000.00 2.300P&G 958.33 0.00 958.332.312101487,950.00742718DY2 0.00 245,000.001160245,000.00 3.200MUNTRS 665.86 0.00 665.863.200101245,000.00625925AR3 0.00 245,000.001161245,000.00 3.350UBS 697.08 0.00 697.083.350101245,000.0090348JEJ5 0.00 248,000.001162248,000.00 3.400COMMBK 716.14 0.00 716.143.400101248,000.0020143PDV9 0.00 248,000.001164248,000.00 3.550NMRCA 747.74 0.00 747.743.550101248,000.0067054NAN3 0.00 248,000.001166248,000.00 3.350REDRCK 705.61 0.00 705.613.350101248,000.0075701LAB3 0.00 0.0011670.00 3.200NEIGH 429.59 0.00 429.593.200101245,000.0064017AAQ7 0.00 248,000.001169248,000.00 3.400MEDBA 716.14 0.00 716.143.400101248,000.0058404DCX7 0.00 245,000.001170245,000.00 3.400NLCOOP 707.48 0.00 707.483.400101245,000.00635573AL2 0.00 248,000.001171248,000.00 3.300MAINE 695.09 0.00 695.093.300101248,000.00560507AK1 0.00 248,000.001172248,000.00 3.350BARHAR 705.61 0.00 705.613.350101248,000.00066851WJ1 0.00 248,000.001173248,000.00 2.750MORTN 579.23 0.00 579.232.750101248,000.00619165JD6 0.00 248,000.001174248,000.00 3.000WELLS 631.89 0.00 631.893.000101248,000.00949763XY7 0.00 485,250.001175500,000.00 1.950COLGTE 812.50 0.00 812.501.971101485,250.0019416QEA4 0.00 498,550.001177500,000.00 2.500FHLB 1,041.67 0.00 1,041.672.460101498,550.003130AFW94 0.00 489,687.501178500,000.00 1.875USTR 798.42 0.00 798.421.920101489,687.509128282W9 0.00 248,000.001179248,000.00 2.8001STNBK 589.76 0.00 589.762.800101248,000.0032117BCX4 0.00 248,000.001180248,000.00 2.700VERUS 568.71 0.00 568.712.700101248,000.0092535LCD4 0.00 248,000.001181248,000.00 2.950NRTHWS 621.36 0.00 621.362.950101248,000.0066736ABP3 0.00 248,000.001184248,000.00 2.500CENTNX 526.57 0.00 526.572.500101248,000.00156634AK3 0.00 245,000.001185245,000.00 3.250JPMORG 676.27 0.00 676.273.250101245,000.0048128HXU7 0.00 245,000.001186245,000.00 2.400IOWAST 499.39 0.00 499.392.400101245,000.0046256YAZ2 0.00 248,000.001188248,000.00 2.600MAINST 547.64 0.00 547.642.600101248,000.0056065GAG3 0.00 248,000.001189248,000.00 2.500CONGRS 526.58 0.00 526.582.500101248,000.0020726ABA5 0.00 496,650.001190500,000.00 2.350WALMRT 979.16 0.00 979.162.321101496,650.00931142DU4 0.00 496,650.001192500,000.00 1.750USTR 749.31 0.00 749.311.776101496,650.00912828SV3 0.00 245,000.001194245,000.00 2.500PITTS 520.20 0.00 520.202.500101245,000.00725404AB3 0.00 245,000.001195245,000.00 2.550PLAINS 530.61 0.00 530.612.550101245,000.0072651LCL6 0.00 248,000.001196248,000.00 2.600EVNSCU 547.64 0.00 547.642.600101248,000.00299547AQ2 0.00 248,000.001197248,000.00 2.400LEGCY 505.51 0.00 505.512.400101248,000.00524661CB9 0.00 499,500.001198500,000.00 1.875FFCB 781.25 0.00 781.251.842101499,500.003133EKQP4 0.00 248,000.001199248,000.00 2.400CTZNST 505.52 0.00 505.522.400101248,000.00176688CP2 0.00 248,000.001200248,000.00 2.300AMERCU 484.45 0.00 484.452.300101248,000.0003065AAL7 0.00 245,000.001201245,000.00 2.150STRLNG 447.38 0.00 447.382.150101245,000.0085916VDC6 0.00 248,000.001202248,000.00 2.250COMMW 473.92 0.00 473.922.250101248,000.0020416TAQ5 0.00 247,000.001203247,000.00 2.300REVER 482.50 0.00 482.502.300101247,000.00761402BY1 0.00 248,000.001205248,000.00 2.000AMRNTL 421.26 0.00 421.262.000101248,000.0002772JBD1 0.00 Portfolio CITY CP Run Date: 02/17/2022 - 15:53 TE (PRF_TE) 7.3.6 Report Ver. 7.3.6.15353 Current Rate Ending Par Value Ending Fund Page 3 Book Value Beginning Book Value Adjusted Interest Earnings AccretionAmortization/EarningsAdjusted Interest December 1, 2021 - December 31, 2021 Total Earnings City of La Quinta Annualized YieldCUSIP Investment #Interest EarnedIssuer Realized Gainl/Loss Fund: General Fund 495,950.001206500,000.00 1.750FNMA 729.16 0.00 729.161.731101495,950.003135G0V75 0.00 248,000.001207248,000.00 1.950ABACUS 410.73 0.00 410.731.950101248,000.0000257TBD7 0.00 248,000.001208248,000.00 2.000LKSIDE 421.26 0.00 421.262.000101248,000.0051210SQU4 0.00 248,000.001209248,000.00 2.0001STSEC 421.26 0.00 421.262.000101248,000.0033625CCP2 0.00 248,000.001210248,000.00 2.000PEOPLE 421.26 0.00 421.262.000101248,000.00710571DS6 0.00 499,500.001212500,000.00 1.850FFCB 770.83 0.00 770.831.817101499,500.003133EKWV4 0.00 249,000.001213249,000.00 2.000PREFRD 422.96 0.00 422.962.000101249,000.00740367HP5 0.00 0.0012140.00 2.000UNTDCU 298.96 0.00 298.962.000101248,000.00910160AH3 0.00 248,000.001215248,000.00 2.000WSHFED 421.26 0.00 421.262.000101248,000.00938828BH2 0.00 249,000.001216249,000.00 1.9501STIER 412.38 0.00 412.381.950101249,000.0033766LAJ7 0.00 499,300.001217500,000.00 1.375USTR 585.50 0.00 585.501.381101499,300.00912828T26 0.00 244,000.001218244,000.00 1.950RAYJAM 404.10 0.00 404.101.950101244,000.0075472RAD3 0.00 245,000.001219245,000.00 1.900CITBNK 395.36 0.00 395.361.900101245,000.0012556LBA3 0.00 248,000.001220248,000.00 1.850CELTIC 389.67 0.00 389.671.850101248,000.0015118RRH2 0.00 249,000.001221249,000.00 1.8501STNBS 391.24 0.00 391.241.850101249,000.00334342CD2 0.00 248,000.001222248,000.00 1.8001STDQN 379.13 0.00 379.131.800101248,000.00336460CX6 0.00 499,400.001223500,000.00 1.600FFCB 666.66 0.00 666.661.572101499,400.003133EKZK5 0.00 498,750.001224500,000.00 1.600FFCB 666.67 0.00 666.671.574101498,750.003133EKP75 0.00 245,000.001225245,000.00 1.600LUANA 332.93 0.00 332.931.600101245,000.00549104JN8 0.00 248,000.001227248,000.00 1.700BNKWST 358.07 0.00 358.071.700101248,000.0006652CHB0 0.00 7,985,504.0412287,985,504.04BOTW 0.01 0.00 0.011016,715,266.07059731851 0.00 11,569,836.95123011,569,836.95PARS 0.01 0.00 0.0110111,442,127.48SYS1230 0.00 248,000.001231248,000.00 1.7001STSER 358.07 0.00 358.071.700101248,000.0033640VDD7 0.00 992,100.0012331,000,000.00 1.375FNMA 1,145.83 0.00 1,145.831.360101992,100.003135G0W33 0.00 996,900.0012341,000,000.00 1.600FFCB 1,333.34 0.00 1,333.341.575101996,900.003133EK4X1 0.00 248,000.001235248,000.00 1.700SAUKVL 358.07 0.00 358.071.700101248,000.00804375DL4 0.00 245,000.001236245,000.00 1.900MSPRIV 395.35 0.00 395.351.900101245,000.0061760A3B3 0.00 245,000.001237245,000.00 1.950MORGST 405.76 0.00 405.761.950101245,000.0061690UNX4 0.00 248,000.001238248,000.00 1.800LIVEOK 379.13 0.00 379.131.800101248,000.00538036GV0 0.00 248,000.001239248,000.00 1.900KERNCU 400.20 0.00 400.201.900101248,000.0049228XAK6 0.00 248,000.001240248,000.00 1.850SF FCU 389.67 0.00 389.671.850101248,000.0079772FAC0 0.00 989,687.5012411,000,000.00 1.500USTR 1,277.47 0.00 1,277.471.520101989,687.50912828YV6 0.00 998,600.0012421,000,000.00 1.700FFCB 1,416.67 0.00 1,416.671.670101998,600.003133ELEA8 0.00 248,000.001244248,000.00 1.900WFNBW 400.20 0.00 400.201.900101248,000.00949495AT2 0.00 999,000.0012461,000,000.00 1.430FFCB 1,191.66 0.00 1,191.661.404101999,000.003133ELNE0 0.00 999,217.3612471,000,000.00 1.400FFCB 1,166.67 0.00 1,166.671.375101999,217.363133EGWJ0 0.00 248,000.001248248,000.00 1.550FRDMFI 326.48 0.00 326.481.550101248,000.0035637RDC8 0.00 Portfolio CITY CP Run Date: 02/17/2022 - 15:53 TE (PRF_TE) 7.3.6 Report Ver. 7.3.6.15454 Current Rate Ending Par Value Ending Fund Page 4 Book Value Beginning Book Value Adjusted Interest Earnings AccretionAmortization/EarningsAdjusted Interest December 1, 2021 - December 31, 2021 Total Earnings City of La Quinta Annualized YieldCUSIP Investment #Interest EarnedIssuer Realized Gainl/Loss Fund: General Fund 248,000.001249248,000.00 1.650UNTDCM 347.54 0.00 347.541.650101248,000.0090983WBT7 0.00 248,000.001250248,000.00 1.6501STNMI 347.54 0.00 347.541.650101248,000.0032114VBT3 0.00 245,000.001251245,000.00 1.650RLLSTN 343.34 0.00 343.341.650101245,000.0077579ADF0 0.00 248,000.001252248,000.00 1.650CITADL 347.54 0.00 347.541.650101248,000.0017286TAG0 0.00 245,000.001253245,000.00 1.600SYNOVS 332.93 0.00 332.931.600101245,000.0087164DRD4 0.00 248,000.001254248,000.00 1.600SERVIS 337.01 0.00 337.011.600101248,000.0081768PAF3 0.00 248,000.001255248,000.00 1.600AMERST 337.01 0.00 337.011.600101248,000.00029728BC5 0.00 248,000.001256248,000.00 1.600ACCSS 337.01 0.00 337.011.600101248,000.0000435JBH5 0.00 248,000.001257248,000.00 1.500SPRING 315.94 0.00 315.941.500101248,000.00849430BF9 0.00 248,000.001258248,000.00 1.650AXOS 347.54 0.00 347.541.650101248,000.0005465DAE8 0.00 245,000.001259245,000.00 1.200CADNCE 249.70 0.00 249.701.200101245,000.0012738RFX7 0.00 245,000.001260245,000.00 1.100TEXAS 228.89 0.00 228.891.100101245,000.00882213AB7 0.00 248,000.001261248,000.00 1.100SNTCLR 231.69 0.00 231.691.100101248,000.0006424KBC3 0.00 248,000.001262248,000.00 1.350TRIAD 284.35 0.00 284.351.350101248,000.0089579NCD3 0.00 248,000.001263248,000.00 1.150NRTHSR 242.22 0.00 242.221.150101248,000.0066704MEQ0 0.00 248,000.001264248,000.00 1.300BELLCO 273.82 0.00 273.821.300101248,000.0007833EAD9 0.00 248,000.001265248,000.00 1.150WESTMI 242.22 0.00 242.221.150101248,000.00954444BS3 0.00 248,000.001266248,000.00 1.400NCOLET 294.88 0.00 294.881.400101248,000.00654062JZ2 0.00 248,000.001267248,000.00 1.400ALMABK 294.88 0.00 294.881.400101248,000.00020080BX4 0.00 248,000.001268248,000.00 1.250CMWBUS 263.29 0.00 263.291.250101248,000.002027506M2 0.00 245,000.001269245,000.00 1.300PACWST 270.51 0.00 270.511.300101245,000.0069506YRH4 0.00 248,000.001270248,000.00 1.250BELB&T 263.29 0.00 263.291.250101248,000.0008016PDQ9 0.00 245,000.001271245,000.00 1.600CAPONE 332.93 0.00 332.931.600101245,000.0014042TDD6 0.00 248,000.001272248,000.00 1.250THEJEF 263.28 0.00 263.281.250101248,000.00472382AQ3 0.00 249,000.001273249,000.00 1.2001STFDM 253.77 0.00 253.771.200101249,000.0032027BAL1 0.00 248,000.001274248,000.00 1.3501STMCG 284.35 0.00 284.351.350101248,000.0032112UDR9 0.00 248,000.001276248,000.00 1.250FLGSTR 263.29 0.00 263.291.250101248,000.0033847E3A3 0.00 245,000.001277245,000.00 1.000WSTRNS 208.08 0.00 208.081.000101245,000.0095960NKD8 0.00 248,000.001278248,000.00 1.0001STINT 210.63 0.00 210.631.000101248,000.0032056GDJ6 0.00 1,000,000.0012791,000,000.00 0.625FHLMC 520.84 0.00 520.840.6131011,000,000.003134GVYG7 0.00 499,850.001280500,000.00 0.500FFCB 208.34 0.00 208.340.491101499,850.003133ELH23 0.00 499,850.001281500,000.00 0.500FHLB 208.33 0.00 208.330.491101499,850.003130AJKW8 0.00 500,000.001282500,000.00 0.680FFCB 283.33 0.00 283.330.667101500,000.003133ELH80 0.00 300,000.001283300,000.00 0.680FHLB 170.00 0.00 170.000.667101300,000.003130AJRP6 0.00 248,000.001284248,000.00 0.600CHIPVA 126.38 0.00 126.380.600101248,000.00169894AS1 0.00 248,000.001285248,000.00 0.350AMR1ST 73.72 0.00 73.720.350101248,000.0002616AAH2 0.00 248,000.001286248,000.00 0.500STHRNB 105.32 0.00 105.320.500101248,000.0084223QAN7 0.00 Portfolio CITY CP Run Date: 02/17/2022 - 15:53 TE (PRF_TE) 7.3.6 Report Ver. 7.3.6.15555 Current Rate Ending Par Value Ending Fund Page 5 Book Value Beginning Book Value Adjusted Interest Earnings AccretionAmortization/EarningsAdjusted Interest December 1, 2021 - December 31, 2021 Total Earnings City of La Quinta Annualized YieldCUSIP Investment #Interest EarnedIssuer Realized Gainl/Loss Fund: General Fund 248,000.001287248,000.00 0.500BKPRNC 105.32 0.00 105.320.500101248,000.00064520BG3 0.00 500,000.001288500,000.00 0.500FNMA 208.33 0.00 208.330.491101500,000.003135G05S8 0.00 1,000,000.0012891,000,000.00 0.560FNMA 466.66 0.00 466.660.5491011,000,000.003136G4N74 0.00 499,750.001290500,000.00 0.520FNMA 216.67 0.00 216.670.510101499,750.003136G4M75 0.00 499,250.001291500,000.00 0.420FNMA 175.00 0.00 175.000.413101499,250.003135G06E8 0.00 499,250.001292500,000.00 0.560FNMA 233.33 0.00 233.330.550101499,250.003135GA2Z3 0.00 4,073,116.3912934,073,116.39BNY 0.00 0.00 0.001013,013,755.67SYS1293 0.00 997,300.0012971,000,000.00 0.375FHLMC 312.50 0.00 312.500.369101997,300.003137EAEU9 0.00 497,400.001298500,000.00 0.375FHLB 156.25 0.00 156.250.370101497,400.003130AKFA9 0.00 500,000.001299500,000.00 0.600FNMA 250.00 0.00 250.000.589101500,000.003135GA7D7 0.00 500,000.001300500,000.00 0.400FNMA 166.67 0.00 166.670.392101500,000.003135GAAW1 0.00 500,000.001301500,000.00 0.550FHLMC 229.17 0.00 229.170.540101500,000.003134GXGZ1 0.00 500,000.001302500,000.00 0.510FHLB 212.50 0.00 212.500.500101500,000.003130AKMZ6 0.00 498,632.811303500,000.00 0.375USTR 158.03 0.00 158.030.373101498,632.8191282CBC4 0.00 500,000.001304500,000.00 0.550FHLB 229.17 0.00 229.170.540101500,000.003130AKN28 0.00 248,000.001305248,000.00 0.500LNDMRK 105.32 0.00 105.320.500101248,000.0051507LCC6 0.00 245,000.001306245,000.00 0.500EVRBA 104.04 0.00 104.040.500101245,000.0087270LDL4 0.00 495,999.501307500,000.00 0.375FHLMC 156.25 0.00 156.250.371101495,999.503137EAEX3 0.00 497,300.001308500,000.00 0.500IFC 210.60 0.00 210.600.499101497,300.0045950VPS9 0.00 495,100.001309500,000.00 0.375USTR 157.95 0.00 157.950.376101495,100.0091282CBH3 0.00 983,940.0013101,000,000.00 0.375FHLMC 312.50 0.00 312.500.374101983,940.003137EAEX3 0.00 977,500.0013111,000,000.00 0.250USTR 214.09 0.00 214.090.258101977,500.0091282CAT8 0.00 500,000.001312500,000.00 0.500FHLB 208.33 0.00 208.330.491101500,000.003130ALV92 0.00 249,000.001313249,000.00 0.950GRNST 200.91 0.00 200.910.950101249,000.0039573LBC1 0.00 245,000.001314245,000.00 0.900TOYFSB 187.28 0.00 187.280.900101245,000.0089235MKY6 0.00 492,187.501315500,000.00 0.375USTR 159.69 0.00 159.690.382101492,187.5091282CAZ4 0.00 248,000.001316248,000.00 0.750CARTER 157.97 0.00 157.970.750101248,000.0014622LAA0 0.00 248,000.001317248,000.00 0.700FIDHMS 147.44 0.00 147.440.700101248,000.0031617CAV5 0.00 440,079.221318440,079.22DPME 0.00 0.00 0.00101406,804.04SYS1318 0.00 494,165.001319500,000.00 0.500USTR 214.09 0.00 214.090.510101494,165.0091282CBQ3 0.00 499,525.001320500,000.00 0.750USTR 319.36 0.00 319.360.753101499,525.0091282CBT7 0.00 997,060.0013211,000,000.00 0.750USTR 638.74 0.00 638.740.754101997,060.0091282CCF6 0.00 498,450.001322500,000.00 0.750USTR 319.36 0.00 319.360.754101498,450.0091282CBT7 0.00 497,095.001323500,000.00 0.750USTR 319.37 0.00 319.370.756101497,095.0091282CCF6 0.00 993,420.0013241,000,000.00 0.750FHLB 625.00 0.00 625.000.741101993,420.003130AMFS6 0.00 248,377.501325249,000.00 0.800VIBRNT 169.18 0.00 169.180.802101248,377.5092559TAJ7 0.00 248,000.001326248,000.00 1.000GLDMAN 210.63 0.00 210.631.000101248,000.0038149MXK4 0.00 Portfolio CITY CP Run Date: 02/17/2022 - 15:53 TE (PRF_TE) 7.3.6 Report Ver. 7.3.6.15656 Current Rate Ending Par Value Ending Fund Page 6 Book Value Beginning Book Value Adjusted Interest Earnings AccretionAmortization/EarningsAdjusted Interest December 1, 2021 - December 31, 2021 Total Earnings City of La Quinta Annualized YieldCUSIP Investment #Interest EarnedIssuer Realized Gainl/Loss Fund: General Fund 248,000.001327248,000.00 1.000SALMAE 210.63 0.00 210.631.000101248,000.00795451AF0 0.00 248,000.001328248,000.00 0.400TABBK 84.25 0.00 84.250.400101248,000.0089388CEY0 0.00 248,000.001329248,000.00 0.400BKOZK 84.25 0.00 84.250.400101248,000.0006417NZQ9 0.00 498,000.001330500,000.00 0.710FFCB 295.84 0.00 295.840.699101498,000.003133EM2C5 0.00 249,000.001331249,000.00 0.700PENTGN 148.04 0.00 148.040.700101249,000.0070962LAF9 0.00 245,000.001332245,000.00 0.900SYNCHR 187.27 0.00 187.270.900101245,000.0087165ET98 0.00 245,000.001333245,000.00 0.650BMW 135.25 0.00 135.250.650101245,000.0005580AD50 0.00 248,000.001334248,000.00 0.800CONNEC 168.51 0.00 168.510.800101248,000.0020786ADL6 0.00 983,750.0013351,000,000.00 0.625USTR 526.50 0.00 526.500.630101983,750.0091282CCP4 0.00 988,500.0013361,000,000.00 0.750USTR 642.26 0.00 642.260.765101988,500.0091282CCW9 0.00 999,000.0013371,000,000.00 1.000FHLB 833.34 0.00 833.340.982101999,000.003130APBM6 0.00 991,080.0013381,000,000.00 0.800FFCB 666.67 0.00 666.670.792101991,080.003133EM4X7 0.00 998,250.0013391,000,000.00 0.950FHLB 791.66 0.00 791.660.934101998,250.003130APB46 0.00 499,002.041340500,000.00 0.170FFCB 70.83 0.00 70.830.167101499,002.043133EMX64 0.00 497,792.971341500,000.00 0.125USTR 52.65 0.00 52.650.125101497,792.9791282CCN9 0.00 991,000.0013421,000,000.00 0.125USTR 105.30 0.00 105.300.125101991,000.0091282CBE0 0.00 996,320.0013431,000,000.00 0.625USTR 532.28 0.00 532.280.629101996,320.0091282CDB4 0.00 1,000,000.0013441,000,000.00 1.270FFCB 1,058.33 0.00 1,058.331.2461011,000,000.003133ENCQ1 0.00 249,000.001345249,000.00 1.100MRRCK 232.63 0.00 232.631.100101249,000.0059013KPN0 0.00 248,000.001346248,000.00 1.100CAP1NA 231.69 0.00 231.691.100101248,000.0014042RQB0 0.00 499,500.001347500,000.00 0.700FHLB 291.66 0.00 291.660.687101499,500.003130APTV7 0.00 998,530.0013481,000,000.00 0.180FFCB 120.00 0.00 120.000.1751010.003133ENBT6 0.00 996,718.7513491,000,000.00 0.125USTR 85.85 0.00 85.850.1261010.0091282CBU4 0.00 995,468.7513501,000,000.00 0.125USTR 85.85 0.00 85.850.1261010.0091282CCD1 0.00 990,000.0013511,000,000.00 0.125USTR 85.70 0.00 85.700.1261010.0091282CBA8 0.00 989,800.0013521,000,000.00 0.250USTR 172.66 0.00 172.660.2551010.0091282CBR1 0.00 987,100.0013531,000,000.00 0.550FHLB 366.66 0.00 366.660.5421010.003130AP2U8 0.00 976,300.0013541,000,000.00 0.500FNMA 333.33 0.00 333.330.4981010.003135G06G3 0.00 1,000,000.0013551,000,000.00 0.970FFCB 592.78 0.00 592.780.9411010.003133ENGN4 0.00 248,000.001356248,000.00 1.000LCA 33.97 0.00 33.971.0001010.00501798RP9 0.00 249,000.001357249,000.00 1.250CNNXS 76.75 0.00 76.751.2501010.0020825WAR1 0.00 999,750.0013581,000,000.00 1.250FHLB 312.50 0.00 312.501.1411010.003130AQF65 0.00 172,363,179.08Subtotal 172,049,721.26 0.660 98,220.860.0098,220.86168,542,109.50 0.00 Fund: Fiscal Agent 1,437.5010581,437.50USBANK 0.02 0.00 0.020.0162311,437.48SYS1058 0.00 Portfolio CITY CP Run Date: 02/17/2022 - 15:53 TE (PRF_TE) 7.3.6 Report Ver. 7.3.6.15757 Current Rate Ending Par Value Ending Fund Page 7 Book Value Beginning Book Value Adjusted Interest Earnings AccretionAmortization/EarningsAdjusted Interest December 1, 2021 - December 31, 2021 Total Earnings City of La Quinta Annualized YieldCUSIP Investment #Interest EarnedIssuer Realized Gainl/Loss 1,437.50Subtotal 1,437.50 0.016 0.020.000.021,437.48 0.00 Fund: Housing Authority : WSA and LQ 381,048.921062381,048.92LQPR 0.00 0.00 0.00241384,339.15SYS1062 0.00 381,048.92Subtotal 381,048.92 0.000.000.00384,339.15 0.00 Fund: SA Low/Mod Bond Fund 10,595,773.49111310,595,773.49 0.212LAIF 2,055.60 0.00 2,055.600.22824910,595,773.4925-33-005 0.00 10,595,773.49Subtotal 10,595,773.49 0.228 2,055.600.002,055.6010,595,773.49 0.00 183,341,438.99Total 183,027,981.17 0.634 100,276.480.00100,276.48179,523,659.62 0.00 Portfolio CITY CP Run Date: 02/17/2022 - 15:53 TE (PRF_TE) 7.3.6 Report Ver. 7.3.6.15858 City of La Quinta -City of La Quinta Maturity Report Sorted by Maturity Date Amounts due during October 1, 2021 - December 31, 2021 Rate at MaturityPar Value Sec. TypeFund Maturity Date Maturity ProceedsInterest Income Net CUSIP Investment #Issuer Purchase Date Book Value at Maturity 240,000.00 2.700 240,532.60532.6004/26/2018NORPNT1127666613GV0MC110110/26/2021 532.60240,000.00 2,000,000.00 1.250 2,012,500.0012,500.0003/27/2017USTR1070912828T67TRC10110/31/2021 69,700.001,942,800.00 245,000.00 3.150 248,235.013,235.0112/17/20181STSRC116833646CKP8MC110111/17/2021 3,235.01245,000.00 245,000.00 2.100 245,014.1014.1011/21/2017BELMNT1102080515CD9MC110111/22/2021 14.10245,000.00 248,000.00 2.400 248,505.51505.5105/22/2019TSCOLA118787266AAA1MC110111/22/2021 505.51248,000.00 245,000.00 3.200 248,930.743,930.7412/21/2018NEIGH116764017AAQ7MC110112/21/2021 3,930.74245,000.00 248,000.00 2.000 248,407.67407.6708/22/2019UNTDCU1214910160AH3MC110112/22/2021 407.67248,000.00 3,492,125.63Total Maturities 3,471,000.00 21,125.633,413,800.00 78,325.63 Portfolio CITY CP Run Date: 02/17/2022 - 16:04 MA (PRF_MA) 7.1.1 Report Ver. 7.3.6.15959 City of La Quinta -City of La Quinta Sales/Call Report Sorted by Maturity Date - Fund October 1, 2021 - December 31, 2021 Redem. Date Redemption Principal Redemption Interest Book Value at Redem. Total Amount Net IncomeFundMatur. Date Rate at Redem. Par ValueSec. TypeCUSIPInvestment # Issuer Purchase Date 10/28/2022 248,000.00 248,000.00 254,348.80 198.74116359013J4K211/08/2021 254,547.54 6,547.54101 MRRCK MC1 10/28/2022 10/30/2018 3.250 Sale Subtotal 248,000.00 254,348.80 198.74248,000.00 254,547.54 6,547.54 254,348.80Total Sales 248,000.00 198.74248,000.00 254,547.54 6,547.54 Portfolio CITY CP Run Date: 02/17/2022 - 16:07 SA (PRF_SA) 7.1.1 Report Ver. 7.3.6.16060 City of La Quinta -City of La Quinta Purchases Report Sorted by Security Type - Fund October 1, 2021 - December 31, 2021 Original Par Value Ending Book Value Sec. TypeFund Maturity YTM Accrued Interest at PurchasePayment Periods DateCUSIPInvestment #Issuer Purchase Date Principal Purchased Rate at Purchase Federal Agency Coupon Securities 1,000,000.00 0.950 10/13/2026 998,250.00998,250.0010/13/2021 0.98604/13 - 10/13FHLB13393130APB46FAC101 500,000.00 0.170 04/28/2023 499,002.04499,002.04 Received10/22/2021 0.30210/28 - 04/28FFCB13403133EMX64FAC101 1,000,000.00 1.270 11/02/2026 1,000,000.001,000,000.0011/02/2021 1.27005/02 - 11/02FFCB13443133ENCQ1FAC101 500,000.00 0.700 11/24/2026 499,500.00499,500.0011/24/2021 1.48905/24 - 11/24FHLB13473130APTV7FAC101 1,000,000.00 0.180 01/25/2023 998,530.00998,530.00 Received12/07/2021 0.31001/25 - 07/25FFCB13483133ENBT6FAC101 1,000,000.00 0.550 01/07/2025 987,100.00987,100.00 Received12/07/2021 0.97604/07 - 10/07FHLB13533130AP2U8FAC101 1,000,000.00 0.500 11/07/2025 976,300.00976,300.00 Received12/07/2021 1.12005/07 - 11/07FNMA13543135G06G3FAC101 1,000,000.00 0.970 12/09/2024 1,000,000.001,000,000.0012/09/2021 0.97006/09 - 12/09FFCB13553133ENGN4FAC101 1,000,000.00 1.250 12/21/2026 999,750.00999,750.0012/22/2021 1.25506/21 - 12/21FHLB13583130AQF65FAC101 Subtotal 7,958,432.047,958,432.04 0.008,000,000.00 Treasury Coupon Securities 500,000.00 0.125 07/31/2023 497,792.97497,792.97 Received10/22/2021 0.37501/31 - 07/31USTR134191282CCN9TRC101 1,000,000.00 0.125 01/15/2024 991,000.00991,000.00 Received10/22/2021 0.53101/15 - 07/15USTR134291282CBE0TRC101 1,000,000.00 0.625 10/15/2024 996,320.00996,320.00 Received10/22/2021 0.75004/15 - 10/15USTR134391282CDB4TRC101 1,000,000.00 0.125 03/31/2023 996,718.75996,718.75 Received12/07/2021 0.37603/31 - 09/30USTR134991282CBU4TRC101 1,000,000.00 0.125 05/31/2023 995,468.75995,468.75 Received12/07/2021 0.43205/31 - 11/30USTR135091282CCD1TRC101 1,000,000.00 0.125 12/15/2023 990,000.00990,000.00 Received12/07/2021 0.62312/15 - 06/15USTR135191282CBA8TRC101 1,000,000.00 0.250 03/15/2024 989,800.00989,800.00 Received12/07/2021 0.70403/15 - 09/15USTR135291282CBR1TRC101 Subtotal 6,457,100.476,457,100.47 0.006,500,000.00 Certificate of Deposits 249,000.00 1.100 11/09/2026 249,000.00249,000.0011/09/2021 1.10112/09 - MonthlyMRRCK134559013KPN0MC1101 248,000.00 1.100 11/17/2026 248,000.00248,000.0011/17/2021 1.10105/17 - 11/17CAP1NA134614042RQB0MC1101 249,000.00 1.250 12/23/2026 249,000.00249,000.0012/23/2021 1.25012/31 - MonthlyCNNXS135720825WAR1MC1101 248,000.00 1.000 06/26/2026 248,000.00248,000.0012/27/2021 1.00006/27 - 12/27LCA1356501798RP9MC1101 Subtotal 994,000.00994,000.00 0.00994,000.00 15,409,532.51Total Purchases 15,494,000.00 0.00 15,409,532.51 Received = Accrued Interest at Purchase was received by report ending date. Portfolio CITY CP Run Date: 02/17/2022 - 15:55 PU (PRF_PU) 7.1.1 Report Ver. 7.3.6.16161 US Treasury Rates https://www.treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=yieldYear&year=2021 Date 1 mo 2 mo 3 mo 6 mo 1 yr 2 yr 3 yr 5 yr 7 yr 10 yr 20 yr 30 yr Effective Rate of Return City Portfolio (month) 10/29/2021 0.06 0.08 0.05 0.07 0.15 0.48 0.75 1.18 1.44 1.55 1.98 1.93 1.06 11/30/2021 0.11 0.05 0.05 0.1 0.24 0.52 0.81 1.14 1.36 1.43 1.85 1.78 0.72 12/31/2021 0.06 0.05 0.06 0.19 0.39 0.73 0.97 1.26 1.44 1.52 1.94 1.9 0.65 6262 City of La Quinta CITY COUNCIL MEETING: March 1, 2022 STAFF REPORT AGENDA TITLE: APPROVE DEMAND REGISTERS DATED FEBRUARY 11 AND 18, 2022 RECOMMENDATION Approve demand registers dated February 11 and 18, 2022. EXECUTIVE SUMMARY – None FISCAL IMPACT Demand of Cash: City 7,302,902.13$ Successor Agency of RDA Housing Authority 12,469.44$ 7,315,371.57$ BACKGROUND/ANALYSIS Routine bills and payroll must be paid between Council meetings. Attachment 1 details the weekly demand registers for February 11 and 18, 2022. Warrants Issued: 207022-207079 548,384.46$ 207080-207136 396,414.89$ Wire Transfers 6,133,867.92$ Payroll Tax Transfers 34,655.62$ Payroll Direct Deposit 202,048.68$ 7,315,371.57$ CONSENT CALENDAR ITEM NO. 3 63 The most significant expenditures on the demand registers are: Vendor Account Name Amount Purpose Spohn Ranch, Inc.Construction 190,997.55$ X-Park Construction Visit Greater Palm Springs TBID Due to VGPS 145,097.78$ Q2 FY 21/22 STRV TBID Collections Urban Habitat Construction 80,296.91$ SRR Retention Basin Soil Stabilization Coachella Valley Assoc of Government TUMF Payable to CVAG 54,213.80$ 11/2021 TUMF Fees La Quinta Restore & Club TOT Resort Rebate Program 50,000.00$ 7/1-8/31/21 TOT Incentive Program Wire Transfers: Nine transfers totaled $6,133,868. Of this amount, $4 million was to The Bank of New York Mellon for investment purchases, and $1,781,739 was to US Bank Trust, SA Bonds for 2016A & 2021A bond interest payment. (See Attachment 2 for a complete listing). Investment Transactions: Full details of investment transactions as well as total holdings are reported quarterly in the Treasurer’s Report. Prepared by: Jesse Batres, Account Technician Approved by: Rosemary Hallick, Financial Services Analyst Attachments: 1.Demand Registers 2.Wire Transfers Transaction Issuer Type Par Value Settle Date Coupon Rate Maturity Proctor & Gamble Corp.500,000$ 2/6/22 2.300% Purchase Federal Home Loan Bank Agency 1,000,000$ 2/10/22 1.830% Purchase United States Government Treasury 1,000,000$ 2/10/22 1.500% Purchase Federal Home Loan Mortgage Corp Agency 1,000,000$ 2/10/22 0.700% Purchase Amerant Bank, N.A.CD 245,000$ 2/14/22 1.600% Purchase Metro Credit Union CD 249,000$ 2/18/22 1.700% 64 2/22/2022 12:43:46 PM Page 1 of 4 Demand Register City of La Quinta Packet: APPKT03045 - 02/11/2022 JB AmountVendor Name Payment Number Description (Item)Account Name Account Number Fund: 101 - GENERAL FUND 560.75Professional Services01/2022 - STVR HOTLINE207027CENTRAL COMMUNICATIONS 101-6004-60103 560.75Professional Services02/2022 - STVR HOTLINE207027CENTRAL COMMUNICATIONS 101-6004-60103 37.00United Way DeductionsCONTRIBUTION207074UNITED WAY OF THE DESERT 101-0000-20981 37.00United Way DeductionsCONTRIBUTION207074UNITED WAY OF THE DESERT 101-0000-20981 43.00Vehicle Impound Fee2/3/22 - VICR FEES BELONGING TO CITY OF…207029COACHELLA, CITY OF 101-0000-42703 50,000.00TOT Resort Rebate Program07/01-08/31/21 - TOT INCENTIVE PROGR…207046LA QUINTA RESORT & CLUB 101-1007-60536 209.96Travel & Training1/30-02/01/22 - CAPPO CONFERENCE D.A…207025ARMENDARIZ, DERRICK 101-1006-60320 50.00Over Payments, AR Policy03/03/21 - BUS LIC OVERPAYMENT REFU…207060RELIABLE ROOFING BY TGY 101-0000-20330 1,135.05Professional Services12/2021 - STVR COMPLIANCE ANALYTICS207036EPACE CONSULTING LLC 101-1005-60103 2,200.00Marketing & Tourism Promoti…01/26-02/22/22 - AIRPORT DIGITAL DISPL…207070THE LAMAR COMPANIES 101-3007-60461 290.08Operating Supplies01/24/22 - FITNESS PARTS REPLACEMENT207055PAX FITNESS REPAIR 101-3002-60420 50.02Office Supplies01/04/22 - POSTAGE MACHINE SEALER207058QUADIENT FINANCE USA, INC.101-1005-60400 20.00Wellness Center Leisure Enric…01/21/22 - WELLNESS CENTER CLASS REF…207042HITE, JAMES 101-0000-42214 80.00Wellness Center Leisure Enric…01/31/22 - WELLNESS CENTER CLASS REF…207047LAWRENCE, MARILYN 101-0000-42214 10.50Instructors02/02/22 - PILATES DI CLASS207079WILLIAMS, BILLEE 101-3002-60107 364.00Consultants/Employee Services01/2022 - EAP SERVICES207078WELLNESS WORKS 101-1004-60104 138.00Repair & Maintenance - EOC12/08/21 - EOC RADIO REPAIRS207024ANDERSON COMMUNICATION…101-2002-60671 1,134.00Mobile/Cell Phones/Satellites02/01/22 - ANNUAL REPEATER SERVICE207024ANDERSON COMMUNICATION…101-2002-61304 17,515.95School Officer10/21-11/17/21 - BP #5 SCHOOL RESOUR…207032DESERT SANDS UNIFIED SCHO…101-2001-60168 51.00Rental Expense01/01-12/31/22 - SPECIAL EVENT INSURA…207023ALLIANT INSURANCE SERVICES …101-3002-60157 1,500.00Marketing & Tourism Promoti…02/2022 - PRINT ADS207057PREMIER MEDIA GROUP 101-3007-60461 1,000.00Marketing & Tourism Promoti…02/2022 - PRINT ADS FOR ORANGE COUN…207051MODERN LUXURY 101-3007-60461 2,800.00Marketing & Tourism Promoti…02/2022 - PRINT ADS FOR SAN FRANCISCO207051MODERN LUXURY 101-3007-60461 77.37Mobile/Cell Phones/Satellites01/2022 - SATELLITE PHONES207052NI GOVERNMENT SERVICES INC 101-2002-61304 4,800.00Materials/Supplies1/24-1/28/22 - TREE PLANTING SVC AT M…207077VINTAGE ASSOCIATES 101-3005-60431 3,600.00Maintenance/Services1/18-21/22- PLANTING & IRRIGATION SVC…207077VINTAGE ASSOCIATES 101-3005-60691 100.00Membership Dues2022 MEMBERSHIP DUES FOR RIVERSIDE …207048LEAGUE OF CALIFORNIA CITIES 101-1002-60351 6,870.83Marketing & Tourism Promoti…02/2022 - GEM PRINTADS207069THE CHAMBER 101-3007-60461 7,500.00Marketing & Tourism Promoti…04/2022-06/2022 - PRINT ADS207065SOUTHERN CALIFORNIA LIFE …101-3007-60461 500.00Uniforms11/12/21 - EMBROIDERY SHIRTS207050MISSION LINEN SUPPLY 101-3005-60690 1,000.00Uniforms11/12/21 - EMBROIDERY SHIRTS207050MISSION LINEN SUPPLY 101-3008-60690 215.70Uniforms01/14/22 - EMBROIDERY SHIRTS207050MISSION LINEN SUPPLY 101-3005-60690 2,100.00Map/Plan Checking01/28/22 - FTM 2022-0001 ONCALL MAP …207059RASA/ERIC NELSON 101-7002-60183 585.00Map/Plan Checking01/28/22 - PMER 2022-0003 ONCALL MAP…207059RASA/ERIC NELSON 101-7002-60183 875.00Map/Plan Checking01/28/22 - PMER 2022-0001 ONCALL MAP…207059RASA/ERIC NELSON 101-7002-60183 850.00Temporary Agency Services11/08/21 - CONVERSION FEE FOR M.GON…207061ROBERT HALF 101-6006-60125 8,238.50Prepaid Expense7/1-12/31/22 LEAGUE MEMBERSHIP DUES…207048LEAGUE OF CALIFORNIA CITIES 101-0000-13600 8,238.50Membership Dues01/01-06/30/22 LEAGUE MEMBERSHIP D…207048LEAGUE OF CALIFORNIA CITIES 101-1002-60351 13,021.92Vehicles01/25/22 - MODS TO NEW EOC VECHICLE207044JOHNSON EQUIPMENT COMP…101-2002-71031 1,045.71Materials/Supplies02/03/22 - PLANTS207049MACIAS NURSERY, INC.101-3005-60431 4,293.84Materials/Supplies01/19/22 - PLANTS207049MACIAS NURSERY, INC.101-3005-60431 1,761.71Materials/Supplies01/26/22 - PLANTS207049MACIAS NURSERY, INC.101-3005-60431 2,450.00Marketing & Tourism Promoti…02/2022 - THE GUIDE PRINT ADS207031DESERT PUBLICATIONS INC 101-3007-60461 875.64Telephone - Utilities12/26/21-01/25/22 - LQPD CELL (6852)207076VERIZON WIRELESS 101-2001-61300 200.00Community Experiences12/03/21 - TREE LIGHTING ENTERTAINME…207026BELANICH, TOMM 101-3003-60149 3,500.00ConsultantsFY 21/22 ASSESSMENT CALCULATION & T…207028CLEARSOURCE FINANCIAL CO…101-7002-60104 30,500.00Auditors1/24/22 - FY 20/21 AUDIT/ACFR207034EIDE BAILLY LLP 101-1006-60106 1,500.76Vision Insurance Pay02/2022 - VISION INSURANCE207067STANDARD INSURANCE COMP…101-0000-20945 568.43Cable/Internet - Utilities01/26-02/25/22 - POLICE INTERNET207037FRONTIER COMMUNICATIONS…101-2002-61400 38.05Telephone - Utilities01/28-02/27/22 - SPORTS COMPLEX PHO…207037FRONTIER COMMUNICATIONS…101-3005-61300 68.00Due to SunLine01/2022 - SUNLINE BUS PASSES207068SUNLINE TRANSIT AGENCY 101-0000-20305 -3.50Miscellaneous Revenue01/2022 - SUNLINE BUS PASSES207068SUNLINE TRANSIT AGENCY 101-0000-42301 1,506.78Vision Insurance Pay01/2022 - VISION INSURANCE207067STANDARD INSURANCE COMP…101-0000-20945 ATTACHMENT 1 65 Demand Register Packet: APPKT03045 - 02/11/2022 JB 2/22/2022 12:43:46 PM Page 2 of 4 AmountVendor Name Payment Number Description (Item)Account Name Account Number 14,212.50Plan Checks11/2021 - ONCALL BLDG PLAN REVIEW & …207043INTERWEST CONSULTING GR…101-6003-60118 11.00Over Payments, AR Policy06/21/21 - OVERPAYMENT REFUND LIC 76…207062SIEGOS TILE + PLUS 101-0000-20330 25.00Over Payments, AR Policy04/28/21 - LATE FEE REFUND LIC 764516207056P-AYON PLASTERING CO.101-0000-20330 108.00Over Payments, AR Policy04/28/21 - LATE FEES REFUND LIC 0102508207063SMILE BRANDS, INC.101-0000-20330 15.00Business Licenses01/31/22 - BUSINESS LIC REFUND LIC 769…207053OCHOA, YVONNE J.101-0000-41600 100.00Home Occupations1/31/22- HOME OCCUPATION PERMIT RE…207053OCHOA, YVONNE J.101-0000-42447 259.00Over Payments, AR Policy01/31/22 - HAZARDOUS WASTE FEE REFU…207039GOLDEN MOUNTAIN GROUP 101-0000-20330 723.28Materials/Supplies01/31/22 - PLANTS207077VINTAGE ASSOCIATES 101-3005-60431 226.27Materials/Supplies01/31/22 - PLANTS207077VINTAGE ASSOCIATES 101-3005-60431 4,909.25Consultants01/01-03/31/22 - PROPERTY TAX MANAG…207041HDL COREN & CONE 101-1006-60104 Fund 101 - GENERAL FUND Total:207,254.60 Fund: 201 - GAS TAX FUND 179.33Traffic Control Signs01/31/22 - TRAFFIC CONTROL SIGNS207072TOPS' N BARRICADES INC 201-7003-60429 117.37Traffic Control Signs02/03/22 - TRAFFIC CONTROL SIGNS207072TOPS' N BARRICADES INC 201-7003-60429 104.51Traffic Control Signs02/03/22 - TRAFFIC CONTROL SIGNS207072TOPS' N BARRICADES INC 201-7003-60429 57.85Materials/Supplies02/01/22 - DIG ALERT FEES207073UNDERGROUND SERVICE ALERT 201-7003-60431 5,890.97Retention Payable01/26/22 - 2021-07 RETENTION PAYMENT207040HARDY & HARPER, INC.201-0000-20600 -4,226.15Retention Payable01/2022 - 2020-07 RETENTION PAYMENT …207075URBAN HABITAT 201-0000-20600 189.77Materials/Supplies02/01/22 - PAINT207071THE SHERWIN-WILLIAMS CO.201-7003-60431 Fund 201 - GAS TAX FUND Total:2,313.65 Fund: 202 - LIBRARY & MUSEUM FUND 178.89Maintenance/Services05/17/21 - PAINT SUPPLIES207033DUNN-EDWARDS CORPORATI…202-3006-60691 2,150.00HVAC12/31/21 - LIBRARY CHILLER REPAIRS207054PACIFIC WEST AIR CONDITION…202-3004-60667 Fund 202 - LIBRARY & MUSEUM FUND Total:2,328.89 Fund: 215 - LIGHTING & LANDSCAPING FUND 495.67Uniforms11/12/21 - EMBROIDERY SHIRTS207050MISSION LINEN SUPPLY 215-7004-60690 Fund 215 - LIGHTING & LANDSCAPING FUND Total:495.67 Fund: 223 - MEASURE A FUND 1,502.88Signal Knockdowns, Contingen…2/3/22 - MILES PEDESTRIAN CROSSWALK …207045JTB SUPPLY CO., INC.223-0000-60510 Fund 223 - MEASURE A FUND Total:1,502.88 Fund: 230 - CASp FUND, AB 1379 4.00SB 1186 Revenue01/31/22 - BUSINESS LIC REFUND LIC 769…207053OCHOA, YVONNE J.230-0000-42130 Fund 230 - CASp FUND, AB 1379 Total:4.00 Fund: 401 - CAPITAL IMPROVEMENT PROGRAMS 637.25Construction2/3/22-MILES PEDESTRIAN CROSSWALK R…207045JTB SUPPLY CO., INC.401-0000-60188 3,030.00Construction12/16/21 - ADAMS FIRE STATION BEACON…207064SOLAR TRAFFIC CONTROLS LLC 401-0000-60188 84,523.06Construction01/2022 - 2020-07 PROGRESS PAYMENT …207075URBAN HABITAT 401-0000-60188 -10,052.50Retention Payable01/31/22 - 2015-09 RETENTION PAYMENT…207066SPOHN RANCH INC 401-0000-20600 201,050.05Construction01/31/22 - 2015-09 PROGRESS PAYMENT …207066SPOHN RANCH INC 401-0000-60188 Fund 401 - CAPITAL IMPROVEMENT PROGRAMS Total:279,187.86 Fund: 501 - FACILITY & FLEET REPLACEMENT 17,975.25Vehicles, Rentals & Leases01/2022 - FLEET LEASE207035ENTERPRISE FM TRUST 501-0000-71030 Fund 501 - FACILITY & FLEET REPLACEMENT Total:17,975.25 Fund: 502 - INFORMATION TECHNOLOGY 10,000.00Software Licenses07/01/21-03/31/22 - RENTALSCAPE PAYM…207030DECKARD TECHNOLOGIES, INC.502-0000-60301 25,800.00Consultants02/2022 - IT SERVICES207022ACORN TECHNOLOGY SERVICES 502-0000-60104 765.00Public Works, Software Enhan…01/2022 - TRAFFIC SERVER MAINTENANCE207022ACORN TECHNOLOGY SERVICES 502-0000-71048 75.98Cable/Internet - Utilities01/27-02/26/22 - BLACKHAWK/LQ PARK D…207037FRONTIER COMMUNICATIONS…502-0000-61400 5.00Technology Enhancement Sur…1/31/22- HOME OCCUPATION PERMIT RE…207053OCHOA, YVONNE J.502-0000-43611 Fund 502 - INFORMATION TECHNOLOGY Total:36,645.98 Fund: 601 - SILVERROCK RESORT 675.68Bank Fees02/2022 - SRR ARMORED SVCS207038GARDAWORLD 601-0000-60455 Fund 601 - SILVERROCK RESORT Total:675.68 Grand Total:548,384.46 66 Demand Register Packet: APPKT03045 - 02/11/2022 JB 2/22/2022 12:43:46 PM Page 3 of 4 Fund Summary Fund Expense Amount 101 - GENERAL FUND 207,254.60 201 - GAS TAX FUND 2,313.65 202 - LIBRARY & MUSEUM FUND 2,328.89 215 - LIGHTING & LANDSCAPING FUND 495.67 223 - MEASURE A FUND 1,502.88 230 - CASp FUND, AB 1379 4.00 401 - CAPITAL IMPROVEMENT PROGRAMS 279,187.86 501 - FACILITY & FLEET REPLACEMENT 17,975.25 502 - INFORMATION TECHNOLOGY 36,645.98 601 - SILVERROCK RESORT 675.68 Grand Total:548,384.46 Account Summary Account Number Account Name Expense Amount 101-0000-13600 Prepaid Expense 8,238.50 101-0000-20305 Due to SunLine 68.00 101-0000-20330 Over Payments, AR Policy 453.00 101-0000-20945 Vision Insurance Pay 3,007.54 101-0000-20981 United Way Deductions 74.00 101-0000-41600 Business Licenses 15.00 101-0000-42214 Wellness Center Leisure E…100.00 101-0000-42301 Miscellaneous Revenue -3.50 101-0000-42447 Home Occupations 100.00 101-0000-42703 Vehicle Impound Fee 43.00 101-1002-60351 Membership Dues 8,338.50 101-1004-60104 Consultants/Employee Se…364.00 101-1005-60103 Professional Services 1,135.05 101-1005-60400 Office Supplies 50.02 101-1006-60104 Consultants 4,909.25 101-1006-60106 Auditors 30,500.00 101-1006-60320 Travel & Training 209.96 101-1007-60536 TOT Resort Rebate Progr…50,000.00 101-2001-60168 School Officer 17,515.95 101-2001-61300 Telephone - Utilities 875.64 101-2002-60671 Repair & Maintenance - E…138.00 101-2002-61304 Mobile/Cell Phones/Satell…1,211.37 101-2002-61400 Cable/Internet - Utilities 568.43 101-2002-71031 Vehicles 13,021.92 101-3002-60107 Instructors 10.50 101-3002-60157 Rental Expense 51.00 101-3002-60420 Operating Supplies 290.08 101-3003-60149 Community Experiences 200.00 101-3005-60431 Materials/Supplies 12,850.81 101-3005-60690 Uniforms 715.70 101-3005-60691 Maintenance/Services 3,600.00 101-3005-61300 Telephone - Utilities 38.05 101-3007-60461 Marketing & Tourism Pro…24,320.83 101-3008-60690 Uniforms 1,000.00 101-6003-60118 Plan Checks 14,212.50 101-6004-60103 Professional Services 1,121.50 101-6006-60125 Temporary Agency Servic…850.00 101-7002-60104 Consultants 3,500.00 101-7002-60183 Map/Plan Checking 3,560.00 201-0000-20600 Retention Payable 1,664.82 201-7003-60429 Traffic Control Signs 401.21 201-7003-60431 Materials/Supplies 247.62 202-3004-60667 HVAC 2,150.00 202-3006-60691 Maintenance/Services 178.89 215-7004-60690 Uniforms 495.67 67 Demand Register Packet: APPKT03045 - 02/11/2022 JB 2/22/2022 12:43:46 PM Page 4 of 4 Account Summary Account Number Account Name Expense Amount 223-0000-60510 Signal Knockdowns, Conti…1,502.88 230-0000-42130 SB 1186 Revenue 4.00 401-0000-20600 Retention Payable -10,052.50 401-0000-60188 Construction 289,240.36 501-0000-71030 Vehicles, Rentals & Leases 17,975.25 502-0000-43611 Technology Enhancement…5.00 502-0000-60104 Consultants 25,800.00 502-0000-60301 Software Licenses 10,000.00 502-0000-61400 Cable/Internet - Utilities 75.98 502-0000-71048 Public Works, Software E…765.00 601-0000-60455 Bank Fees 675.68 Grand Total:548,384.46 Project Account Summary Project Account Key Expense AmountProject Account Name Project Name **None**251,575.23**None****None** 151609CT 201,050.05Construction Expense La Quinta X Park 151609RP -10,052.50Retention Payable La Quinta X Park 202007CT 84,523.06Construction Expense SilverRock Retention Basin Soil Stabilization 202007RP -4,226.15Retention Payable SilverRock Retention Basin Soil Stabilization 202107RP 5,890.97Retention Payable Lake Cahuilla Road 2122TMICT 3,667.25Construction Expense FY21/22 Traffic Maintenance Improvements CSA152E 3,500.00CSA 152 Expenses CSA 152 Project Tracking STVRE 12,256.55Short Term Vacation Rental Expense Short Term Vacation Rental Tracking TREEE 200.00Tree Lighting Ceremony Expense Tree Lighting Ceremony Grand Total:548,384.46 68 2/22/2022 12:43:12 PM Page 1 of 7 Demand Register City of La Quinta Packet: APPKT03049 - JD 02/18/22 AmountVendor Name Payment Number Description (Item)Account Name Account Number Fund: 101 - GENERAL FUND 152,734.50TBID Due to VGPSQ2 FY 21/22 STRV TBID COLLECTIONS207134VISIT GREATER PALM SPRINGS 101-0000-20303 -7,636.72VGPS TBID Admin FeeQ1 FY 21/22 STRV TBID COLLECTIONS207134VISIT GREATER PALM SPRINGS 101-0000-43635 5,000.00Grants & Economic Developm…02/01/22 SCOUTS BSA TROOP 451 GRANT207122ROTARY CLUB OF INDIAN WEL…101-3001-60510 75.34LQ Police Volunteers01/21/22 - REIMBURSMENT FOR AMEX G…207108JOHNSTON, ALEXANDER 101-2001-60109 1,093.26Travel & Training02/01-02/04/22 - TRAVEL EXPENSE REIM…207112MCMILLEN, JON 101-1002-60320 10,070.00Developer Deposits10/14/21 DUST CONTROL DEPOSIT207086BRENSON HOMES INC.101-0000-22810 10.56Cable/Internet - Utilities02/05-03/04/22- FS #32 INTERNET (1841)207127TIME WARNER CABLE 101-2002-61400 99.99Cable/Internet - Utilities02/03-03/02/22 - FS #93 INTERNET (3514)207127TIME WARNER CABLE 101-2002-61400 99.99Cable/Internet - Utilities01/29-02/28/22 - FS #32 INTERNET (6491)207127TIME WARNER CABLE 101-2002-61400 277.76Professional Services02/2022 - ARMORED SVCS207099GARDAWORLD 101-1006-60103 31,411.45MSHCP Mitigation Fee11/2021 MSCHP FEES207090COACHELLA VALLEY CONSERV…101-0000-20310 -314.11CVMSHCP Admin Fee11/2021 MSCHP FEES207090COACHELLA VALLEY CONSERV…101-0000-43631 143.93Annual Permits/Inspections01/18/22 - WC FIRE SUPPRESSION SYSTEM…207093DESERT FIRE EXTINGUISHER C…101-3008-60196 2,000.00Marketing & Tourism Promoti…02/03/22 - XPARK PHOTOGRAPHY207088CHRIS CASAS, INC 101-3007-60461 1,003.98Community Experiences02/08/22 - EGGS FOR EASTER HUNT207103HOLIDAYGOO 101-3003-60149 4,100.00Marketing & Tourism Promoti…02/2022 RETAINER GRAPHIC DESIGN207081ARK CONNECTS LLC 101-3007-60461 345.00Travel & Training2022 CMTA ANNL' CONFERENCE-R.HALLICK207087CALIFORNIA MUNICIPAL TREA…101-1006-60320 500.00Marketing & Tourism Promoti…01/03/22 PRINT/DIGITAL MEDIA207110LOS ANGELES MAGAZINE LLC 101-3007-60461 6.05Professional Services01/22 ARMORED SVCS207099GARDAWORLD 101-1006-60103 81.76Operating Supplies10/29/21 CLIPBOARDS FOR TRAFFIC207115OFFICE DEPOT 101-7001-60420 603.75Marketing & Tourism Promoti…01/31/22 WEBSITE EMERGENCY ASSISTA…207085BIG RIG MEDIA LLC 101-3007-60461 35.64Office Supplies01/28/22 - OFFICE SUPLIES207115OFFICE DEPOT 101-1006-60400 49.74Forms, Copier Paper01/28/22 - CITYWIDE COPY PAPER207115OFFICE DEPOT 101-1007-60402 9.55Citywide Supplies01/28/22 - CITYWIDE CONFERENCE ROOM…207115OFFICE DEPOT 101-1007-60403 55.25Office Supplies01/31/22 - OFFICE SUPPLIES207115OFFICE DEPOT 101-1002-60400 252.91Office Supplies02/02/22 - OFFICE SUPPLIES207115OFFICE DEPOT 101-6004-60400 95.53Tools/Equipment01/28/22 - EQUIPMENT REPAIR207113MOWERS PLUS INC 101-7003-60432 438.36Tools/Equipment01/28/22 - HONDA TRASH PUMP REPAIR207113MOWERS PLUS INC 101-7003-60432 197.84Tools/Equipment01/28/22 - HONDA TRASH PUMP REPAIR207113MOWERS PLUS INC 101-7003-60432 131.39Tools/Equipment01/28/22 - CHAIN LOOP GREEN CHAIN207113MOWERS PLUS INC 101-7003-60432 158.30Tools/Equipment02/02/22 - PRESSURE WASHER MAINTEN…207113MOWERS PLUS INC 101-3005-60432 9.50Materials/Supplies2/2/22 - QUICK COUPLER SOCKET FOR PR…207113MOWERS PLUS INC 101-3005-60431 300.00Maintenance/Services02/08/22 - FIRE ANT TREATMENT SRR EV…207116ON THE FLY TREE & PLANT HE…101-3005-60691 340.00Sheriff - Other12/27/21 - POLICE TOW LA213610072207136WOOD, RUSSELL DAVID 101-2001-60176 410.00Map/Plan Checking02/09/22 -ON-CALL MAP CHECKING SERVI…207119RASA/ERIC NELSON 101-7002-60183 595.00Sheriff - Other12/30/21 - POLICE TOW LA213630079207136WOOD, RUSSELL DAVID 101-2001-60176 595.00Sheriff - Other12/30/21 - POLICE TOW LA213630079207136WOOD, RUSSELL DAVID 101-2001-60176 181.00Sheriff - Other01/05/22 - POLICE TOW LA213630079207136WOOD, RUSSELL DAVID 101-2001-60176 181.00Sheriff - Other01/05/22 - POLICE TOW LA213630079207136WOOD, RUSSELL DAVID 101-2001-60176 4,000.00Community Experiences11/2022- MOBILE SOCIAL POLYGON IRO…207080ALPHA MEDIA LLC 101-3003-60149 500.00Community Experiences11/2022 ROS BANNERS IRONMAN ADS207080ALPHA MEDIA LLC 101-3003-60149 4,343.76Community Experiences11/2022 GENERAL SPONSORSHIPS IRON…207080ALPHA MEDIA LLC 101-3003-60149 1,351.60Temporary Agency Services01/28/22 - TEMP AGENCY SERVICES J.AG…207121ROBERT HALF 101-6004-60125 858.16Temporary Agency Services02/04/22 - TEMP AGENCY SERVICES T.SU…207121ROBERT HALF 101-1005-60125 267.42Materials/Supplies02/03/22 MATERIALS207102HIGH TECH IRRIGATION INC 101-3005-60431 55.45Supplies-Graffiti and Vandalism02/07/22 - MATERIALS FOR GRAFFITI RE…207126THE SHERWIN-WILLIAMS CO.101-3005-60423 5,321.98Marketing & Tourism Promoti…01/31-02/28/22 MEDIA207107JNS MEDIA SPECIALISTS 101-3007-60461 112.44Materials/Supplies02/04/22 - CARPETED ENTRANCE MATS (4)207101GRAINGER 101-3008-60431 225.46Materials/Supplies02/09/22 - CARPETED ENTRANCE MATS (4)207101GRAINGER 101-3008-60431 964.00HVAC08/18/21 - CH HVAC CONDENSER FAN M…207095FIRST CHOICE A/C & HEATING …101-3008-60667 309.56Water - Utilities02/15/22 - WATER SERVICE207091COACHELLA VALLEY WATER DI…101-2002-61200 24.71Water - Utilities02/15/22 - WATER SERVICE207091COACHELLA VALLEY WATER DI…101-3008-61200 4.00Fire Station12/02/21 - FS #70 DOOR WHEEL HINGES207104HOME DEPOT CREDIT SERVICES 101-2002-60670 69 Demand Register Packet: APPKT03049 - JD 02/18/22 2/22/2022 12:43:12 PM Page 2 of 7 AmountVendor Name Payment Number Description (Item)Account Name Account Number 65.55Materials/Supplies11/30/21 - CABLE TIES207104HOME DEPOT CREDIT SERVICES 101-3008-60431 65.22Materials/Supplies12/07/21 - OUTDOOR REFRACTOR LIGHT207104HOME DEPOT CREDIT SERVICES 101-3008-60431 190.07Materials/Supplies12/08/21 - MATERIALS FOR SHOP207104HOME DEPOT CREDIT SERVICES 101-3008-60431 19.55Materials/Supplies12/17/21 - PADLOCK207104HOME DEPOT CREDIT SERVICES 101-3008-60431 97.49Materials/Supplies12/02/21 - MASKING TAPE207104HOME DEPOT CREDIT SERVICES 101-3008-60431 21.62Materials/Supplies12/07/21 - TIE-DOWN STRAP KIT207104HOME DEPOT CREDIT SERVICES 101-3008-60431 46.61Materials/Supplies12/15/21 - ELECTRICAL SUPPLIES207104HOME DEPOT CREDIT SERVICES 101-3008-60431 31.93Operating Supplies12/22/21 - MAINTENANCE SUPPLIES207104HOME DEPOT CREDIT SERVICES 101-7003-60420 226.49Tools/Equipment12/13/21 - LADDER207104HOME DEPOT CREDIT SERVICES 101-7003-60432 55.38Tools/Equipment12/13/21 - PUSHBROOMS (2)207104HOME DEPOT CREDIT SERVICES 101-7003-60432 152.65Tools/Equipment12/20/21 - TOOLS FOR C.CRUZ207104HOME DEPOT CREDIT SERVICES 101-7003-60432 15.28Tools/Equipment11/29/21 - GLUE GUN & BATTERIES207104HOME DEPOT CREDIT SERVICES 101-7003-60432 47.52Telephone - Utilities02/2022 - LQ PARK PHONE207097FRONTIER COMMUNICATIONS…101-3005-61300 196.29Gas - Utilities12/30/21-01/31/22 - FS #93 GAS SVC207125THE GAS COMPANY 101-2002-61100 88.02Travel & Training01/01/22 APWA CV MEETING207083BANK OF THE WEST 101-7001-60320 249.00Travel & Training01/11/22 PROJ MGMT TRAINING-U.AYON207083BANK OF THE WEST 101-7006-60320 14.14Office Supplies01/05/22 - PENS207083BANK OF THE WEST 101-1005-60400 1,957.55Disaster Prep Supplies01/07/22 - N95 MASKS207083BANK OF THE WEST 101-2002-60406 34.12Operating Supplies01/11/2022 - CABLE MACHINE HANDLE A…207083BANK OF THE WEST 101-3002-60420 110.00Membership Dues01/2022 - MAILCHIMP207083BANK OF THE WEST 101-3007-60351 199.89Operating Supplies01/27/22 - STORAGE CLEAR BINS207083BANK OF THE WEST 101-3007-60420 215.49Marketing & Tourism Promoti…12/31/21 - FB BOOSTED ADS207083BANK OF THE WEST 101-3007-60461 -0.64Marketing & Tourism Promoti…01/26/22 - APPLE CREDIT207083BANK OF THE WEST 101-3007-60461 0.99Marketing & Tourism Promoti…01/22/22 - ICLOUD STORAGE K.CAMARENA207083BANK OF THE WEST 101-3007-60461 14.99Marketing & Tourism Promoti…01/2022 - APPLE MUSIC M.GRAHAM207083BANK OF THE WEST 101-3007-60461 17.93Office Supplies01/10/22 - PUSH PINS207083BANK OF THE WEST 101-6001-60400 1,094.22Materials/Supplies01/21/22 - DRINKING FOUNTAIN PART207083BANK OF THE WEST 101-3005-60431 10.25Marketing & Tourism Promoti…01/07/22 - CITY WEBSITE WIDGET207083BANK OF THE WEST 101-3007-60461 239.20Subscriptions & Publications01/17/22 LABOR LAW POSTERS207083BANK OF THE WEST 101-1004-60352 756.83Travel & Training01/30/22 CAPPO TRAINING-D.ARMENDAR…207083BANK OF THE WEST 101-1006-60320 305.00Membership Dues01/27/22 GFOA CITY MEMBERSHIP207083BANK OF THE WEST 101-1006-60351 61.00LQ Police Volunteers01/07/22 POLICE UNIFORM LOGO207083BANK OF THE WEST 101-2001-60109 3,262.50Disaster Prep Supplies01/11/22 RAPID COVID TEST (300)207083BANK OF THE WEST 101-2002-60406 1,839.98Fire Station01/18/22 FS#70 TREADMILL207083BANK OF THE WEST 101-2002-60670 5.00Membership Dues01/03/22 FAA DRONE REGISTRATION-M.C…207083BANK OF THE WEST 101-3001-60351 82.36Travel & Training01/15/22 - COUNCIL MEETING SNACKS207083BANK OF THE WEST 101-1001-60320 48.82Travel & Training01/17/22 CJPIA RISK MGMT ACADEMY207083BANK OF THE WEST 101-1005-60320 40.17Travel & Training01/19/22 CJPIA RISK MGMT ACADEMY207083BANK OF THE WEST 101-1005-60320 185.00Membership Dues01/05/22 NOTARY WEBINAR-L.LORETT207083BANK OF THE WEST 101-1005-60351 106.67Office Supplies01/10/22 DATE STAMPS (2)207083BANK OF THE WEST 101-1005-60400 441.87Operating Supplies01/05/22 NOTARY SUPPLIES-L.LORETT207083BANK OF THE WEST 101-1005-60420 20.34Operating Supplies12/01/21 - TREE TIMER207111LOWE'S HOME IMPROVEMENT…101-3003-60420 117.80Materials/Supplies01/20/22 - TREE DRAINAGE PIPES207111LOWE'S HOME IMPROVEMENT…101-3005-60431 99.02Materials/Supplies01/13/22 - TIE DOWN STRAPS207111LOWE'S HOME IMPROVEMENT…101-3005-60431 49.29Materials/Supplies12/03/21 - EXTENSION CORDS (2)207111LOWE'S HOME IMPROVEMENT…101-3005-60431 282.65Materials/Supplies12/02/21 - MATERIALS207111LOWE'S HOME IMPROVEMENT…101-3005-60431 20.58Materials/Supplies01/24/22 - PLANT TIES (4)207111LOWE'S HOME IMPROVEMENT…101-3005-60431 132.02Materials/Supplies01/24/22 - CHAINS (24)207111LOWE'S HOME IMPROVEMENT…101-3005-60431 45.89Materials/Supplies12/07/21 - CLEANING SUPPLLIES207111LOWE'S HOME IMPROVEMENT…101-3008-60431 534.04Materials/Supplies12/07/21 - OUTDOOR WALL LIGHTS (2)207111LOWE'S HOME IMPROVEMENT…101-3008-60431 105.84Operating Supplies12/08/21 - TRI BALL MOUNT207111LOWE'S HOME IMPROVEMENT…101-7003-60420 41.31Tools/Equipment01/19/22 - SHOVEL207111LOWE'S HOME IMPROVEMENT…101-7003-60432 88.72Tools/Equipment12/07/21 - SHOVELS (2)207111LOWE'S HOME IMPROVEMENT…101-7003-60432 46.46Tools/Equipment12/13/21 - RATCHET BOX SET207111LOWE'S HOME IMPROVEMENT…101-7003-60432 112.51Tools/Equipment01/07/22 - BOW RAKE & TORPEDO LEVEL207111LOWE'S HOME IMPROVEMENT…101-7003-60432 148.95Tools/Equipment12/21/21 - POWER TOOL COMBO KIT207111LOWE'S HOME IMPROVEMENT…101-7003-60432 25.82Tools/Equipment12/20/21 - TOOLS FOR C.CRUZ207111LOWE'S HOME IMPROVEMENT…101-7003-60432 3,820.00Professional Services02/2022 STVR PERMITTING SOFTWARE207100GOVOS, INC.101-6006-60103 3,113.65Fritz Burns Pool Maintenance12/03/21 - FB POOL 2 PORT BALL VALVE R…207114OCEAN SPRINGS TECH INC 101-3005-60184 5,103.00Fritz Burns Pool Maintenance01/2022 FB POOL MAINT207114OCEAN SPRINGS TECH INC 101-3005-60184 70 Demand Register Packet: APPKT03049 - JD 02/18/22 2/22/2022 12:43:12 PM Page 3 of 7 AmountVendor Name Payment Number Description (Item)Account Name Account Number 125.00Fritz Burns Pool Maintenance12/31/21 - FB POOL EMERGENCY SVC207114OCEAN SPRINGS TECH INC 101-3005-60184 240.00Fritz Burns Pool Maintenance02/2022 - FB CAT 5000 COMPUTERS MON…207114OCEAN SPRINGS TECH INC 101-3005-60184 1,732.00LQ Park Water Feature02/2022 LQ SPLASH PAD MAINT207114OCEAN SPRINGS TECH INC 101-3005-60554 5,103.00Fritz Burns Pool Maintenance02/2022 FB POOL MAINT207114OCEAN SPRINGS TECH INC 101-3005-60184 353.91Water -Desert Pride - Utilities02/15/22 - WATER SERVICE207091COACHELLA VALLEY WATER DI…101-3005-61206 559.49Materials/Supplies02/03/22 MATERIALS207133VINTAGE ASSOCIATES 101-3005-60431 81.63Operating Supplies02/08/22 SCOTCH COAT207135WALTERS WHOLESALE ELECTR…101-7003-60420 616.02Sheriff - Other11/25-12/24/21 - MOTOR FUEL CHARGERS207120RIVERSIDE COUNTY SHERIFF D…101-2001-60176 41,989.10Machinery & Equipment12/07/21 EMERGENCY REPAIRS TO WELL…207118QUINN COMPANY 101-2002-80101 Fund 101 - GENERAL FUND Total:301,401.08 Fund: 201 - GAS TAX FUND 255.67Traffic Control Signs02/04/22 - TRAFFIC CONTROL SIGNS207128TOPS' N BARRICADES INC 201-7003-60429 1,158.73Traffic Control Signs02/08/22 - TRAFFIC CONTROL SIGNS207128TOPS' N BARRICADES INC 201-7003-60429 161.34Traffic Control Signs02/08/22 - TRAFFIC CONTROL SIGNS207128TOPS' N BARRICADES INC 201-7003-60429 39.79Materials/Supplies12/20/21-01/20/22 - CYLINDER RENTAL207109LINDE GAS & EQUIPMENT INC.201-7003-60431 63.52Materials/Supplies12/27/21 - PAINT SUPPLIES207104HOME DEPOT CREDIT SERVICES 201-7003-60431 71.25Materials/Supplies11/30/21 - HAND TORCH KIT207111LOWE'S HOME IMPROVEMENT…201-7003-60431 Fund 201 - GAS TAX FUND Total:1,750.30 Fund: 202 - LIBRARY & MUSEUM FUND 2,200.00Maintenance/Services11/15/21 - LIBRARY BIRD SERVICE207131TRULY NOLEN INC 202-3004-60691 215.55Water - Utilities02/15/22 - WATER SERVICE207091COACHELLA VALLEY WATER DI…202-3006-61200 121.32Maintenance/Services12/13/21 - ROOFING SEALANT207104HOME DEPOT CREDIT SERVICES 202-3004-60691 11.53Maintenance/Services12/07/21 - POLYSTYRENE PANEL INSULAT…207104HOME DEPOT CREDIT SERVICES 202-3006-60691 504.83Maintenance/Services11/29/21 - MUSEUM HOLIDAY DECORATI…207104HOME DEPOT CREDIT SERVICES 202-3006-60691 17.31Maintenance/Services11/29/21 - LIGHT CLIPS207104HOME DEPOT CREDIT SERVICES 202-3006-60691 356.06HVAC11/20/21 - HVAC COIL CLEANING207117PACIFIC WEST AIR CONDITION…202-3004-60667 Fund 202 - LIBRARY & MUSEUM FUND Total:3,426.60 Fund: 215 - LIGHTING & LANDSCAPING FUND 217.50Materials/Supplies02/08/22 - PLANTS207094DESERT GROWERS NURSERY 215-7004-60431 991.28Tools/Equipment01/05/22 - STRING TRIMMER LOOP HAND…207113MOWERS PLUS INC 215-7004-60432 396.48Materials/Supplies02/07/22 MATERIALS207124SMITH PIPE & SUPPLY CO 215-7004-60431 421.60Materials/Supplies02/08/22 MATERIALS207124SMITH PIPE & SUPPLY CO 215-7004-60431 173.78Materials/Supplies02/07/22 MATERIALS207102HIGH TECH IRRIGATION INC 215-7004-60431 85.37Materials/Supplies12/06/21 - LANDSCAPE MATERIALS207104HOME DEPOT CREDIT SERVICES 215-7004-60431 22.84Materials/Supplies12/07/21 - IRRIGATION COLORED FLAGS207104HOME DEPOT CREDIT SERVICES 215-7004-60431 42.70Materials/Supplies11/29/21 - PAINT SUPPLIES207104HOME DEPOT CREDIT SERVICES 215-7004-60431 73.17Materials/Supplies12/16/21 - MATERIALS207104HOME DEPOT CREDIT SERVICES 215-7004-60431 108.78Electric - Utilities02/07-03/06/22 PHONE SVC207097FRONTIER COMMUNICATIONS…215-7004-61116 19.96Supplies-Graffiti and Vandalism11/29/21 - GRAFFITI SUPPLIES207111LOWE'S HOME IMPROVEMENT…215-7004-60423 25.72Materials/Supplies11/30/21 - 5-GAL BUCKETS (5)207111LOWE'S HOME IMPROVEMENT…215-7004-60431 104.12Materials/Supplies12/13/21 - CONSTRUCTION TRASH BAGS207111LOWE'S HOME IMPROVEMENT…215-7004-60431 51.06Materials/Supplies12/21/21 - MATERIALS207111LOWE'S HOME IMPROVEMENT…215-7004-60431 18.54Materials/Supplies01/06/22 - MATERIALS207111LOWE'S HOME IMPROVEMENT…215-7004-60431 13.42Tools/Equipment01/06/22 - IMPACT DRIVER BITS SET207111LOWE'S HOME IMPROVEMENT…215-7004-60432 3,054.42Water - Medians - Utilities02/15/22 - WATER SERVICE207091COACHELLA VALLEY WATER DI…215-7004-61211 Fund 215 - LIGHTING & LANDSCAPING FUND Total:5,820.74 Fund: 224 - TUMF FUND 54,213.80TUMF Payable to CVAG11/2021 TUMF FEES207089COACHELLA VALLEY ASSOC OF…224-0000-20320 Fund 224 - TUMF FUND Total:54,213.80 Fund: 247 - ECONOMIC DEVELOPMENT FUND 208.00Marketing & Tourism Promoti…01/20/22 - SNACKS FOR IEDC CONFERENCE207083BANK OF THE WEST 247-0000-60461 55.39Marketing & Tourism Promoti…01/27/22 IEDC CONFERENCE SUPPLIES207083BANK OF THE WEST 247-0000-60461 Fund 247 - ECONOMIC DEVELOPMENT FUND Total:263.39 Fund: 401 - CAPITAL IMPROVEMENT PROGRAMS 1,035.00Technical11/27-12/31/21 PAVEMENT MGMT PLAN …207092CONVERSE CONSULTANTS 401-0000-60108 796.50Technical11/27-12/31/21 PROJECT SET-UP207092CONVERSE CONSULTANTS 401-0000-60108 Fund 401 - CAPITAL IMPROVEMENT PROGRAMS Total:1,831.50 71 Demand Register Packet: APPKT03049 - JD 02/18/22 2/22/2022 12:43:12 PM Page 4 of 7 AmountVendor Name Payment Number Description (Item)Account Name Account Number Fund: 501 - FACILITY & FLEET REPLACEMENT 12.00Vehicle Repair & Maintenance01/2022 - CAR WASH SERVICE207105HWY 111 LA QUINTA CAR WA…501-0000-60676 221.21Parts, Accessories, and Upfits12/13/21 - VEHICLE BATTERY207082AUTOZONE 501-0000-60675 -22.00Parts, Accessories, and Upfits12/13/21 - VEHICLE BATTERY CREDIT207082AUTOZONE 501-0000-60675 41.30Parts, Accessories, and Upfits12/14/21 - VEHICLE WIPER BLADES207082AUTOZONE 501-0000-60675 24.59Parts, Accessories, and Upfits03/27/21 - RATCHET & EXTENSION BAR207082AUTOZONE 501-0000-60675 18.05Parts, Accessories, and Upfits06/25/21 - VEHICLE WIPER BLADES207082AUTOZONE 501-0000-60675 3,987.08Fuel & Oil01/01-01/15/22 - FUEL207129TOWER ENERGY GROUP 501-0000-60674 3,590.40Fuel & Oil01/16-01/31/22 - FUEL207129TOWER ENERGY GROUP 501-0000-60674 819.59Vehicle Repair & Maintenance01/2022 - CAR WASH MEMBERSHIP207123S&D CARWASH MANAGEMENT…501-0000-60676 13.00Street Sweeper01/01-02/01/22 - SWEEPER FUEL207125THE GAS COMPANY 501-0000-60678 3,287.22City Bldg Repl/Repair01/12/22 SRR EVENT BLDG207083BANK OF THE WEST 501-0000-71103 -164.00Parts, Accessories, and Upfits01/26/22 - YUKON UPFITS REFUND207083BANK OF THE WEST 501-0000-60675 339.00Parts, Accessories, and Upfits01/26/22 - YUKON- Transport from Perris207083BANK OF THE WEST 501-0000-60675 164.00Parts, Accessories, and Upfits01/25/22 - YUKON UPFITS207083BANK OF THE WEST 501-0000-60675 650.66Fuel & Oil01/2022 - FUEL CHARGES207098FUELMAN 501-0000-60674 Fund 501 - FACILITY & FLEET REPLACEMENT Total:12,982.10 Fund: 502 - INFORMATION TECHNOLOGY 171.62Cable/Internet - Utilities02/2022 - CH CABLE (4625)207127TIME WARNER CABLE 502-0000-61400 487.50Technical01/24/22 - PHONE COMPANY LINE ANALY…207106INTELESYSONE 502-0000-60108 1,700.00Consultants1/2022 PUBLIC MTG VIDEO STREAMING &…207096FISHER INTEGRATED INC 502-0000-60104 3,718.53Maintenance Agreements01/31/22 CHAMBER A/V MAINT & SUPPO…207130TRITON TECHNOLOGY SOLUTI…502-0000-60300 66.17Cable/Internet - Utilities01/02-02/01/22 - BACKUP SERVER (2183)207132VERIZON WIRELESS 502-0000-61400 1,153.26Cell/Mobile Phones01/02-02/01/22 - CITY IPADS (5587)207132VERIZON WIRELESS 502-0000-61301 2,376.57Cell/Mobile Phones01/02-02/01/22 - CITY CELL SVC (5496)207132VERIZON WIRELESS 502-0000-61301 1,190.00Cable/Internet - Utilities02/03-03/02/22 - 2ND CITY INTERNET LINE207097FRONTIER COMMUNICATIONS…502-0000-61400 217.24Cable/Internet - Utilities02/04-03/03/22 DSL SVC207097FRONTIER COMMUNICATIONS…502-0000-61400 15.99Software Licenses01/04/22 - LA-QUINTA.ORG DOMAIN REN…207083BANK OF THE WEST 502-0000-60301 52.98Software Licenses01/24/22 - SILVERROCK.ORG DOMAIN RE…207083BANK OF THE WEST 502-0000-60301 0.99Software Licenses01/2022 - ICLOUD STORAGE M.GRAHAM207083BANK OF THE WEST 502-0000-60301 15.99Software Licenses01/04/22 - SILVERROCK.ORG DOMAIN RE…207083BANK OF THE WEST 502-0000-60301 14.99Software Licenses01/2022 - ADOBE HOMEBASE207083BANK OF THE WEST 502-0000-60301 462.94Operating Supplies01/04/22 - MOBILE TV CART207083BANK OF THE WEST 502-0000-60420 107.65Operating Supplies01/12/22 - TV COVER207083BANK OF THE WEST 502-0000-60420 418.26Operating Supplies01/13/22 - IT SUPPLIES207083BANK OF THE WEST 502-0000-60420 43.49Operating Supplies01/18/22 - PHONE CASE RAMSES207083BANK OF THE WEST 502-0000-60420 36.93Operating Supplies01/25/22 - PHONE CASE RAMSES207083BANK OF THE WEST 502-0000-60420 69.99Cable/Internet - Utilities02/2022 - HULU TV207083BANK OF THE WEST 502-0000-61400 60.48D & D, Software Enhancements01/27-02/26/22 - UBIQ SUBSCRIPTION207083BANK OF THE WEST 502-0000-71042 71.75Software Licenses01/20/22 - PILQ.DOMAIN REGISTRATION …207083BANK OF THE WEST 502-0000-60301 1,854.74Machinery & Equipment01/05/22 - LG TV207083BANK OF THE WEST 502-0000-80100 Fund 502 - INFORMATION TECHNOLOGY Total:14,308.06 Fund: 601 - SILVERROCK RESORT 41.08Bank Fees01/22 SRR ARMORED SVCS207099GARDAWORLD 601-0000-60455 27.03Bank Fees01/2022 - SRR ARMORED SVCS207099GARDAWORLD 601-0000-60455 101.26Bank Fees01/2022 - SRR ARMORED SVCS207099GARDAWORLD 601-0000-60455 247.95Repair & Maintenance12/13/21 - OUTDOOR SECURITY LIGHTS (2)207104HOME DEPOT CREDIT SERVICES 601-0000-60660 Fund 601 - SILVERROCK RESORT Total:417.32 Grand Total:396,414.89 72 Demand Register Packet: APPKT03049 - JD 02/18/22 2/22/2022 12:43:12 PM Page 5 of 7 Fund Summary Fund Expense Amount 101 - GENERAL FUND 301,401.08 201 - GAS TAX FUND 1,750.30 202 - LIBRARY & MUSEUM FUND 3,426.60 215 - LIGHTING & LANDSCAPING FUND 5,820.74 224 - TUMF FUND 54,213.80 247 - ECONOMIC DEVELOPMENT FUND 263.39 401 - CAPITAL IMPROVEMENT PROGRAMS 1,831.50 501 - FACILITY & FLEET REPLACEMENT 12,982.10 502 - INFORMATION TECHNOLOGY 14,308.06 601 - SILVERROCK RESORT 417.32 Grand Total:396,414.89 Account Summary Account Number Account Name Expense Amount 101-0000-20303 TBID Due to VGPS 152,734.50 101-0000-20310 MSHCP Mitigation Fee 31,411.45 101-0000-22810 Developer Deposits 10,070.00 101-0000-43631 CVMSHCP Admin Fee -314.11 101-0000-43635 VGPS TBID Admin Fee -7,636.72 101-1001-60320 Travel & Training 82.36 101-1002-60320 Travel & Training 1,093.26 101-1002-60400 Office Supplies 55.25 101-1004-60352 Subscriptions & Publicati…239.20 101-1005-60125 Temporary Agency Servic…858.16 101-1005-60320 Travel & Training 88.99 101-1005-60351 Membership Dues 185.00 101-1005-60400 Office Supplies 120.81 101-1005-60420 Operating Supplies 441.87 101-1006-60103 Professional Services 283.81 101-1006-60320 Travel & Training 1,101.83 101-1006-60351 Membership Dues 305.00 101-1006-60400 Office Supplies 35.64 101-1007-60402 Forms, Copier Paper 49.74 101-1007-60403 Citywide Supplies 9.55 101-2001-60109 LQ Police Volunteers 136.34 101-2001-60176 Sheriff - Other 2,508.02 101-2002-60406 Disaster Prep Supplies 5,220.05 101-2002-60670 Fire Station 1,843.98 101-2002-61100 Gas - Utilities 196.29 101-2002-61200 Water - Utilities 309.56 101-2002-61400 Cable/Internet - Utilities 210.54 101-2002-80101 Machinery & Equipment 41,989.10 101-3001-60351 Membership Dues 5.00 101-3001-60510 Grants & Economic Devel…5,000.00 101-3002-60420 Operating Supplies 34.12 101-3003-60149 Community Experiences 9,847.74 101-3003-60420 Operating Supplies 20.34 101-3005-60184 Fritz Burns Pool Maintena…13,684.65 101-3005-60423 Supplies-Graffiti and Van…55.45 101-3005-60431 Materials/Supplies 2,631.99 101-3005-60432 Tools/Equipment 158.30 101-3005-60554 LQ Park Water Feature 1,732.00 101-3005-60691 Maintenance/Services 300.00 101-3005-61206 Water -Desert Pride - Utili…353.91 101-3005-61300 Telephone - Utilities 47.52 101-3007-60351 Membership Dues 110.00 101-3007-60420 Operating Supplies 199.89 101-3007-60461 Marketing & Tourism Pro…12,766.81 101-3008-60196 Annual Permits/Inspectio…143.93 73 Demand Register Packet: APPKT03049 - JD 02/18/22 2/22/2022 12:43:12 PM Page 6 of 7 Account Summary Account Number Account Name Expense Amount 101-3008-60431 Materials/Supplies 1,423.94 101-3008-60667 HVAC 964.00 101-3008-61200 Water - Utilities 24.71 101-6001-60400 Office Supplies 17.93 101-6004-60125 Temporary Agency Servic…1,351.60 101-6004-60400 Office Supplies 252.91 101-6006-60103 Professional Services 3,820.00 101-7001-60320 Travel & Training 88.02 101-7001-60420 Operating Supplies 81.76 101-7002-60183 Map/Plan Checking 410.00 101-7003-60420 Operating Supplies 219.40 101-7003-60432 Tools/Equipment 1,776.69 101-7006-60320 Travel & Training 249.00 201-7003-60429 Traffic Control Signs 1,575.74 201-7003-60431 Materials/Supplies 174.56 202-3004-60667 HVAC 356.06 202-3004-60691 Maintenance/Services 2,321.32 202-3006-60691 Maintenance/Services 533.67 202-3006-61200 Water - Utilities 215.55 215-7004-60423 Supplies-Graffiti and Van…19.96 215-7004-60431 Materials/Supplies 1,632.88 215-7004-60432 Tools/Equipment 1,004.70 215-7004-61116 Electric - Utilities 108.78 215-7004-61211 Water - Medians - Utilities 3,054.42 224-0000-20320 TUMF Payable to CVAG 54,213.80 247-0000-60461 Marketing & Tourism Pro…263.39 401-0000-60108 Technical 1,831.50 501-0000-60674 Fuel & Oil 8,228.14 501-0000-60675 Parts, Accessories, and Up…622.15 501-0000-60676 Vehicle Repair & Mainte…831.59 501-0000-60678 Street Sweeper 13.00 501-0000-71103 City Bldg Repl/Repair 3,287.22 502-0000-60104 Consultants 1,700.00 502-0000-60108 Technical 487.50 502-0000-60300 Maintenance Agreements 3,718.53 502-0000-60301 Software Licenses 172.69 502-0000-60420 Operating Supplies 1,069.27 502-0000-61301 Cell/Mobile Phones 3,529.83 502-0000-61400 Cable/Internet - Utilities 1,715.02 502-0000-71042 D & D, Software Enhance…60.48 502-0000-80100 Machinery & Equipment 1,854.74 601-0000-60455 Bank Fees 169.37 601-0000-60660 Repair & Maintenance 247.95 Grand Total:396,414.89 Project Account Summary Project Account Key Expense AmountProject Account Name Project Name **None**362,012.20**None****None** 201603T 796.50Technical Expense La Quinta Landscape Renovation Improvement 201804E 217.50Landscape & Lighting Median Island …Landscape & Lighting Median Island Improvements 201806E 3,287.22SilverRock Event Modular Building E…SilverRock Event Space Modular Building 2122PMPT 1,035.00Technical Expense FY21/22 Pavement Management Plan 22004E 10,070.00BRENSON HOMES, INC PALO VERDE …BRENSON HOMES, INC PALO VERDE 37 LLC AMEXE 75.34American Express Misc Expenses American Express Golf Tournament CORONAMS 5,220.05Corona Materials & Supplies Corona Virus Emergency Response CSA152E 13.00CSA 152 Expenses CSA 152 Project Tracking EGGE 1,003.98La Quinta Egg Hunt Expense La Quinta Egg Hunt IRONE 8,843.76Ironman Expense Ironman Event 74 Demand Register Packet: APPKT03049 - JD 02/18/22 2/22/2022 12:43:12 PM Page 7 of 7 Project Account Summary Project Account Key Expense AmountProject Account Name Project Name STVRE 3,820.00Short Term Vacation Rental Expense Short Term Vacation Rental Tracking TREEE 20.34Tree Lighting Ceremony Expense Tree Lighting Ceremony Grand Total:396,414.89 75 76 City of La Quinta Bank Transactions 2/7 – 2/18/2022 Wire Transaction Listed below are the wire transfers from 2/7 – 2/18/2022. Wire Transfers: 02/08/2022 - WIRE TRANSFER - STERLING HEALTH $1,802.07 02/08/2022 - WIRE TRANSFER - CALPERS $117,202.07 02/08/2022 - WIRE TRANSFER - THE BANK OF NEW YORK MELLON $4,000,000.00 02/09/2022 - WIRE TRANSFER - STERLING HEALTH $3,604.14 02/10/2022 - WIRE TRANSFER - NFP PROPERTY & CASUALTY SERVICES $13,989.34 02/11/2022 - WIRE TRANSFER - AMERITAS LIFE $2,439.22 02/11/2022 - WIRE TRANSFER - AMERITAS LIFE $10,935.12 02/18/2022 - WIRE TRANSFER - LANDMARK $202,157.37 02/18/2022 - WIRE TRANSFER - US BANK TRUST, SA BONDS $1,781,738.59 TOTAL WIRE TRANSFERS OUT $6,133,867.92 ATTACHMENT 2 77 78 City of La Quinta CITY COUNCIL MEETING: March 1, 2022 STAFF REPORT AGENDA TITLE: APPROVE PLANS, SPECIFICATIONS, ENGINEER’S ESTIMATE, AND ADVERTISE FOR BID THE JEFFERSON STREET AT AVENUE 53 ROUNDABOUT PROJECT NO. 2017-09 RECOMMENDATION Approve plans, specifications, engineer’s estimate, and authorize Staff to bid the Jefferson Street at Avenue 53 Roundabout Project No. 2017-09. EXECUTIVE SUMMARY •The Jefferson Street at Avenue 53 Project entails construction of a roundabout at the intersection of Jefferson Street and the new SilverRock Way Road and Hideaway entrance (Attachment 1). •The Project improvements also include drainage, landscape, striping, and lighting enhancements. FISCAL IMPACT The Fiscal Year 2017/18 and 2021/22 Capital Improvement Program allocates $2,651,617, of which $1,146,497 is allocated from Measure A Funding, $357,500 from SB1 Road Maintenance Funding, $630,650 from General Funds, $5,000 from Arts in Public Places Funds, $430,000 from Transportation Funds, and $81,970 from Developer Funds. The following is the project budget: Total Budget Professional: $ 64,300 Design: $ 188,375 Inspection/Testing/Survey: $ 80,000 Construction: $ 2,154,203 Contingency: $ 164,739 Total Budget: $ 2,651,617 CONSENT CALENDAR ITEM NO. 4 79 BACKGROUND/ANALYSIS In 2014, Council approved an agreement with SilverRock Development Company, which requires the City to fund the design and construction of SilverRock Way, a public roadway that will be owned and maintained by the City. In August 2016, the City entered into an Agreement with Michael Baker International to finish designing these improvements. One of the unanswered questions was the Jefferson/Avenue 53 intersection, located at the Hideaway entrance. One option entailed constructing a signalized intersection; however, this configuration would impact traffic flow at the Jefferson/Avenue 52 roundabout. A traffic analysis indicated that in order to maintain acceptable traffic flow at the Jefferson/Avenue 52 intersection, the roundabout would need to be converted to a four-way signalized intersection; therefore, a roundabout was chosen as the ultimate condition at Avenue 53 to complement the roundabout at Avenue 52. Work also includes reducing the lanes on Jefferson Street from a 6-lane road to a 4-lane road between Avenue 52 and Avenue 54. This configuration allows for buffered bike and golf cart lanes. Contingent upon approval to advertise the project for bid on March 1, 2022, the following is the project schedule: Council Bid Authorization March 1, 2022 Bid Period March 2 to April 6, 2022 Council Considers Project Award April 19, 2022 Execute Contract and Mobilize April 20 to May 5, 2022 Construction (120 Working Days) May to November 2022 Accept Improvements November 2022 ALTERNATIVES Staff does not recommend an alternative. Prepared by: Julie Mignogna, Management Analyst Approved by: Bryan McKinney, P.E., Public Works Director/City Engineer Attachment: 1. Vicinity Map 80 MBAKERINTL.COM 75410 Gerald Ford Drive, Suite 100 Palm Desert, CA 92211 Phone: (760) 346-7481 PREPARED BY: AVENUE 53 AT JEFFERSON STREET ROUNDABOUT VICINITY MAP ATTACHMENT 1 81ATTACHMENT 1 82 CITY COUNCIL MINUTES Page 1 of 6 FEBRUARY 1, 2022 CITY COUNCIL MINUTES TUESDAY, FEBRUARY 1, 2022 CALL TO ORDER A regular meeting of the La Quinta City Council was called to order at 3:01 p.m. by Mayor Evans. This meeting provided teleconferencing accessibility pursuant to Executive Orders N-60-20 and N-08-21 executed by the Governor of California, and subsequently Assembly Bill 361 (AB 361, 2021), enacted in response to the state of emergency relating to novel coronavirus disease 2019 (COVID-19) and enabling teleconferencing accommodations by suspending or waiving specified provisions in the Ralph M. Brown Act (Government Code § 54950 et seq.). PRESENT: Councilmembers Fitzpatrick, Peña, Radi, Sanchez, Mayor Evans ABSENT: None STAFF PRESENT: City Manager McMillen, City Attorney Ihrke, City Clerk Radeva, Deputy City Clerk Romane, Director of Business Unit and Housing Development Villalpando, Management Analyst Kinley, Public Works Director/City Engineer McKinney, Community Resources Manager Calderon, Public Safety Manager Mendez, Senior Emergency Management Coordinator Johnston, Finance Director Martinez, Interim Accounting Manager Hallick, Design and Development Director Castro. PUBLIC COMMENT ON MATTERS NOT ON THE AGENDA – None CONFIRMATION OF AGENDA Councilmember Peña and Mayor Evans said they will recuse themselves from discussion and vote on Consent Calendar Item No. 5 due to a potential conflict of interest stemming from the proximity of their real property to this project; and requested that it be pulled for a separate vote. Council concurred. CLOSED SESSION 1.THREAT TO PUBLIC SERVICES OR FACILITIES, PURSUANT TO SUBDIVISION (a) OF GOVERNMENT CODE § 54957. CONSULTATION WITH: ALEXANDER JOHNSTON, SENIOR EMERGENCY MANAGEMENT COORDINATOR; WILLIAM H. IHRKE, CITY ATTORNEY (Review Continued Need and Response to Proclaimed State and Local Emergencies Caused by COVID-19) CONSENT CALENDAR ITEM NO. 5 83 CITY COUNCIL MINUTES Page 2 of 6 FEBRUARY 1, 2022 2. CONFERENCE WITH LEGAL COUNSEL - ANTICIPATED LITIGATION. SIGNIFICANT EXPOSURE TO LITIGATION PURSUANT TO PARAGRAPH (2) OR (3) OF SUBDIVISION (d) OF GOVERNMENT CODE SECTION 54956.9 (NUMBER OF POTENTIAL CASES: 1) COUNCIL RECESSED THE OPEN SESSION PORTION OF THE MEETING AND MOVED INTO CLOSED SESSION AT 3:04 P.M. MAYOR EVANS RECONVENED THE OPEN SESSION PORTION OF THE CITY COUNCIL MEETING AT 4:00 P.M. WITH ALL MEMBERS PRESENT REPORT ON ACTION(S) TAKEN IN CLOSED SESSION: City Attorney Ihrke reported that no actions were taken in Closed Session that require reporting pursuant to Government Code section 54957.1 (Brown Act). PLEDGE OF ALLEGIANCE Mayor Evans led the audience in the Pledge of Allegiance. PUBLIC COMMENT ON MATTERS NOT ON THE AGENDA PUBLIC SPEAKER VIA TELECONFERENCE ACCESSIBILITY: Brad Anderson, Rancho Mirage – expressed concern that COVID-19-related topics being discussed in Closed Session are outside the range of topics permitted by the Government Code and should be discussed during open session. PUBLIC SPEAKER VIA TELECONFERENCE ACCESSIBILITY: Andrew Castro, La Quinta – expressed concern that the Council’s discussions in Closed Session are without public oversight. He opposes the City’s mass surveillance via camera systems and noise monitoring devices used to punish small businesses and divulge their information publicly. He said responses to his multiple requests for information are trickling in. PUBLIC SPEAKER VIA TELECONFERENCE ACCESSIBILITY: Eric Musser, La Quinta – requested that his short-term vacation rental (STVR) permit for his previous address be transferred to his new address to override permanent ban in effect on the issuance of new STVR permits. ANNOUNCEMENTS, PRESENTATIONS AND WRITTEN COMMUNICATIONS 1. GREATER PALM SPRINGS CONVENTION AND VISITORS’ BUREAU ANNUAL UPDATE – PRESENTATION BY PRESIDENT AND CEO SCOTT WHITE 84 CITY COUNCIL MINUTES Page 3 of 6 FEBRUARY 1, 2022 PRESENTING VIA TELECONFERENCE ACCESSIBILITY: Scott White, President/CEO and Colleen Pace, Chief Sales/Marketing Officer with the Greater Palm Springs Convention and Visitors Bureau, provided an annual update via Zoom on hospitality and tourism in the Coachella Valley. 2. COACHELLA VALLEY PUBLIC CEMETERY DISTRICT – PRESENTATION BY GENERAL MANAGER JOSHUA BONNER PRESENTATION VIA TELECONFERENCE ACCESSIBILITY: Joshua Bonner, General Manager, Coachella Valley Public Cemetery District (formed in 1927), provided a presentation via Zoom on the budget status, changes and improvements made by the district over the past year. CONSENT CALENDAR 1. AUTHORIZE OVERNIGHT TRAVEL FOR JUNIOR ACCOUNTANT AND ACCOUNT TECHNICIAN TO ATTEND THE CALIFORNIA SOCIETY OF MUNICIPAL FINANCE OFFICERS ANNUAL CONFERENCE IN SAN DIEGO, CALIFORNIA, FEBRUARY 16-18, 2022 2. RECEIVE AND FILE REVENUE AND EXPENDITURE REPORT DATED SEPTEMBER 30, 2021 3. RECEIVE AND FILE REVENUE AND EXPENDITURE REPORT DATED OCTOBER 31, 2021 4. APPROVE DEMAND REGISTERS DATED JANUARY 14 AND 21, 2022 5. pulled for a separate vote by Mayor Evans and Councilmember Peña >>> AWARD CONTRACT TO UNIVERSAL CONSTRUCTION ENGINEERING FOR THE CITYWIDE MISCELLANEOUS AMERICANS WITH DISABILITIES ACT IMPROVEMENTS PROJECT NO. 2021-03 6. APPROVE PLANS, SPECIFICATIONS, ENGINEER’S ESTIMATE, AND ADVERTISE FOR BID THE LA QUINTA LANDSCAPE IMPROVEMENTS PROJECT LOCATED AT THE LA QUINTA X-PARK ON THE SOUTH SIDE OF WESTWARD HO DRIVE AND EAST SIDE OF DUNE PALMS ROAD (PROJECT NO. 2016-03G) 85 CITY COUNCIL MINUTES Page 4 of 6 FEBRUARY 1, 2022 MOTION – A motion was made and seconded by Councilmembers Fitzpatrick/ Radi to approve Consent Calendar Item Nos. 1-4 and 6 as recommended. Motion passed unanimously. CONSENT CALENDAR ITEM NO. 5 MAYOR EVANS AND COUNCILMEMBER PEÑA RECUSED THEMSELVES, FROM DISCUSSION AND VOTE ON THIS ITEM, DUE TO A POTENTIAL CONFLICT OF INTEREST STEMMING FROM THE PROXIMITY OF THEIR REAL PROPERTY TO THE PROJECT LOCATION MAYOR PRO TEM FITZPATRICK ASSUMED PRESIDING OFFICER RESPONSIBILITIES FROM MAYOR EVANS FOR THIS ITEM MOTION – A motion was made and seconded by Councilmembers Radi/ Sanchez to approve Consent Calendar Item No. 5 as recommended. Motion passed: ayes – 3, noes – 0, abstain – 2 (Evans and Peña). MAYOR EVANS RESUMED PRESIDING OFFICER RESPONSIBILITIES FOR THE REMAINDER OF THE MEETING BUSINESS SESSION 1. APPROVE SECOND ROUND COMMUNITY SERVICES GRANTS FOR FISCAL YEAR 2021/22 Community Resource Manager Calderon presented the staff report, which is on file in the Clerk’s Office. PUBLIC SPEAKER VIA TELECONFERENCE ACCESSIBILITY: Sean Webb, Director of Community Engagement and Education Foundation Desert Sands Educational Foundation thanked Councilmembers and City Staff for sponsoring their Royal Sands Gala on June 4, 2022. PUBLIC SPEAKER VIA TELECONFERENCE ACCESSIBILITY: Fabiola Valenzuela, Resident Services Coordinator for the Coachella Valley Housing Coalition thanked Council for the starter grant for teen support services. PUBLIC SPEAKER(S) VIA TELECONFERENCE ACCESSIBILITY: Christopher Flicker, Scoutmaster; Suzanne Potter, Assistant Scoutmaster; Pam Raymont, Committee Chair; and Bernadette Flicker, Senior Patrol Leader for Scouts BSA Troop 451 thanked Council for their support, and provided a recap on their accomplishments and the benefits the City’s grant will bring to local youth. 86 CITY COUNCIL MINUTES Page 5 of 6 FEBRUARY 1, 2022 Mayor Evans explained the purpose of the program and encouraged non-profit organizations to apply. MOTION – A motion was made and seconded by Councilmembers Peña/ Fitzpatrick to approve second round Community Service Grants for fiscal year 2021/22 and award a total of $7,500 in grants as follows:  Coachella Valley Housing Coalition $ 500 starter grant  Colonel Mitchell Paige School $ 0  Desert Sands Educational Foundation $2,000  Scouts BSA Troop 451 (girl’s troop) $5,000 Motion passed unanimously. 2. INTRODUCE FOR FIRST READING AN ORDINANCE ADDING SECTION 14.16.415 TO THE LA QUINTA MUNICIPAL CODE ESTABLISHING REGULATIONS FOR THE MAINTENANCE OF ANY PUBLIC RIGHT-OF-WAY [ORDINANCE NO. 598] Public Works Director/City Engineer McKinney presented the staff report, which is on file in the Clerk’s Office. MOTION – A motion was made and seconded by Councilmembers Peña/ Fitzpatrick to take up Ordinance No. 598 by title and number only and waive further reading. Motion passed unanimously. City Clerk Radeva read the following title of Ordinance No. 598 into the record: AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF LA QUINTA, CALIFORNIA, ADDING SECTION 14.16.415 TO THE LA QUINTA MUNICIPAL CODE ESTABLISHING REGULATIONS FOR THE MAINTENANCE OF ANY PUBLIC RIGHT-OF-WAY MOTION – A motion was made and seconded by Councilmembers Peña/ Fitzpatrick to introduce at first reading Ordinance No. 598 to add Section 14.16.415 to the La Quinta Municipal Code establishing regulations for the maintenance of any public right-of-way. Motion passed unanimously. STUDY SESSION – None PUBLIC HEARINGS – None DEPARTMENTAL REPORTS – None MAYOR’S AND COUNCIL MEMBERS’ ITEMS Councilmember Fitzpatrick reported on her meeting with the captains of the La Quinta Arts Celebration. 87 CITY COUNCIL MINUTES Page 6 of 6 FEBRUARY 1, 2022 Mayor Evans and Councilmember Peña reported on their attendance at the ceremony renaming the Coachella Valley arena. Mayor Evans reported on her presentation at the IEDC conference. Councilmembers Peña and Radi explained that the City Attorney ensures that Council strictly follows the Brown Act in discussing any item in Closed Session, and asked the City Attorney to provide an explanation of the parameters of the Brown Act in the future when public comments are made regarding Closed Session discussions. Councilmember Radi expressed gratitude for the work that the Border Patrol has been doing. REPORTS AND INFORMATIONAL ITEMS La Quinta’s representative for 2022, Mayor Evans reported on her participation in the following organizations’ meeting:  CVAG ENERGY AND ENVIRONMENTAL RESOURCES COMMITTEE  ROTARY DISTRICT La Quinta’s representative for 2022, Councilmember Peña reported on his participation in the following organizations’ meeting:  CVAG PUBLIC SAFETY COMMITTEE  SUNLINE TRANSIT AGENCY WRITTEN PUBLIC COMMENTS SUBMITTED City Clerk Radeva announced that written public comments were received from Andrew Castro regarding the STVR program, and Mr. Castro’s comments were distributed to Council, made available on the City’s website, and included in the record of today’s meeting. ADJOURNMENT There being no further business, a motion was made and seconded by Councilmembers Radi/Fitzpatrick to adjourn at 5:37 p.m. Motion passed unanimously. Respectfully submitted, MONIKA RADEVA, City Clerk City of La Quinta, California 88 MINUTES Page 1 of 4 FEBRUARY 1, 2022 JOINT SPECIAL MEETING OF CITY COUNCIL & HOUSING AUTHORITY JOINT SPECIAL MEETING OF THE LA QUINTA CITY COUNCIL AND HOUSING AUTHORITY MINUTES TUESDAY, FEBRUARY 1, 2022 CALL TO ORDER A Special Joint meeting of the La Quinta City Council and Housing Authority was called to order at 5:37 p.m. by Mayor Evans and Chairperson Fitzpatrick. This meeting provided teleconferencing accessibility pursuant to Executive Orders N-60-20 and N-08-21 executed by the Governor of California, and subsequently Assembly Bill 361 (AB 361, 2021), enacted in response to the state of emergency relating to novel coronavirus disease 2019 (COVID-19) and enabling teleconferencing accommodations by suspending or waiving specified provisions in the Ralph M. Brown Act (Government Code § 54950 et seq.). ROLL CALL – CITY COUNCIL PRESENT: Councilmembers Fitzpatrick, Peña, Radi, Sanchez, Mayor Evans ABSENT: None ROLL CALL – HOUSING AUTHORITY PRESENT: Authority Members Evans, Peña, Radi, Sanchez, Chairperson Fitzpatrick ABSENT: None VERBAL ANNOUNCEMENT – AB 23 as made by Authority Secretary Radeva. STAFF PRESENT: City Manager/Executive Director McMillen, City Attorney/ Authority Counsel Ihrke, City Clerk/Authority Secretary Radeva, Deputy City Clerk Romane, Director of Business Unit and Housing Development Villalpando, Management Analyst Kinley, Community Resources Manager Calderon, Public Safety Manager Mendez, Senior Emergency Management Coordinator Johnston, Public Works Director/City Engineer McKinney, Finance Director Martinez, Interim Accounting Manager Hallick, Design and Development Director Castro. PLEDGE OF ALLEGIANCE Chairperson Fitzpatrick led the audience in the Pledge of Allegiance. CONSENT CALENDAR ITEM NO. 6 89 MINUTES Page 2 of 4 FEBRUARY 1, 2022 JOINT SPECIAL MEETING OF CITY COUNCIL & HOUSING AUTHORITY PUBLIC COMMENT ON MATTERS NOT ON THE AGENDA – None CONFIRMATION OF AGENDA – Confirmed CONSENT CALENDAR - HOUSING AUTHORITY 1. APPROVE HOUSING AUTHORITY QUARTERLY MEETING MINUTES OF JULY 20, 2021 MOTION – A motion was made and seconded by Authority Members Radi/Evans to approve the Consent Calendar as recommended. Motion passed unanimously. BUSINESS SESSION – HOUSING AUTHORITY 1. APPOINT HOUSING AUTHORITY CHAIRPERSON AND VICE CHAIRPERSON FOR CALENDAR YEAR 2022 Authority waived presentation of the staff report, which is on file in the City Clerk’s Office. MOTION – A motion was made and seconded by Authority Members Radi/Evans to appoint Housing Authority Members Sanchez and Peña to serve as Chairperson and Vice-Chairperson, respectively, during calendar year 2022. Motion passed unanimously. BUSINESS SESSION – JOINT CITY COUNCIL AND HOUSING AUTHORITY 2. ADOPT RESOLUTIONS TO APPROVE AGREEMENT FOR PURCHASE AND SALE AND ESCROW INSTRUCTION WITH MANNINO LIVING TRUST TO ACQUIRE CERTAIN REAL PROPERTY LOCATED ON THE NORTH SIDE OF HIGHWAY 111, WEST OF DUNE PALMS ROAD (APN: 600-390-024); AND TO AUTHORIZE TRANSFER OF REAL PROPERTY FROM CITY TO THE HOUSING AUTHORITY; AND APPROPRIATE FUNDS; CEQA: THE PROJECT IS EXEMPT FROM ENVIRONMENTAL REVIEW PURSUANT TO SECTION 15061(b)(3) “COMMON SENSE EXEMPTION” Director of Business Unit and Housing Development Villalpando presented the staff report, which is on file in the Clerk’s Office. 90 MINUTES Page 3 of 4 FEBRUARY 1, 2022 JOINT SPECIAL MEETING OF CITY COUNCIL & HOUSING AUTHORITY Council/Authority Members expressed their support for the proposed property purchase; and discussed the acquisition of this property is critical to help activate the back side of Highway 111 Corridor businesses; provide connections to the regional CV Link project currently underway, as well as access to schools and public transportation; and provide possible future affordable housing, mixed-use development, and business opportunities. MOTION – A motion was made and seconded by Councilmembers Fitzpatrick/Radi to adopt Resolution No. 2022-002 to: (1) Approve Agreement for Purchase and Sale and Escrow Instructions with Mannino Living Trust for certain real property comprised of approximately 15.14 acres, located on the north side of Highway 111, west of Dune Palms Road (APN: 600-390-024); (2) Approve transfer of ownership of said property from the City to the Housing Authority; and (3) Authorize the City Manager and/or Executive Director to execute such documents, as are necessary and proper, to execute the Agreement for property acquisition and implement the property transfer. A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LA QUINTA, CALIFORNIA, APPROVING AGREEMENT FOR PURCHASE AND SALE AND ESCROW INSTRUCTIONS BETWEEN THE CITY OF LA QUINTA AND THE MANNINO LIVING TRUST FOR CERTAIN REAL PROPERTY COMPRISED OF APPROXIMATELY 15.14 ACRES, LOCATED ON THE NORTH SIDE OF HIGHWAY 111, WEST OF DUNE PALMS ROAD (APN: 600-390-024); AUTHORIZING THE CITY MANAGER TO EXECUTED THE AGREEMENT, TRANSFER OWNERSHIP OF THE PROPERTY TO THE LA QUINTA HOUSING AUTHORITY, AND TO PROCESS DOCUMENTATION REGARDING THE CONVEYANCE Motion passed unanimously. MOTION – A motion was made and seconded by Authority Members Radi/Evans to: (1) Approve Agreement for Purchase and Sale and Escrow Instructions with Mannino Living Trust for certain real property comprised of approximately 15.14 acres, located on the north side of Highway 111, west of Dune Palms Road (APN: 600-390-024); (2) Approve transfer of ownership of said property from the City to the Housing Authority; and 91 MINUTES Page 4 of 4 FEBRUARY 1, 2022 JOINT SPECIAL MEETING OF CITY COUNCIL & HOUSING AUTHORITY (3) Authorize the City Manager and/or Executive Director to execute such documents, as are necessary and proper, to execute the Agreement for property acquisition and implement the property transfer; and Adopt Resolution No. HA 2022-001: A RESOLUTION OF THE LA QUINTA HOUSING AUTHORITY AUTHORIZING THE EXECUTIVE DIRECTOR TO ACCEPT OWNERSHIP OF CERTAIN REAL PROPERTY COMPRISED OF APPROXIMATELY 15.14 ACRES, LOCATED ON THE NORTH SIDE OF HIGHWAY 111, WEST OF DUNE PALMS ROAD (APN: 600-390-024) FROM THE CITY OF LA QUINTA, AND TO PROCESS DOCUMENTATION REGARDING THE CONVEYANCE Motion passed unanimously. MOTION – A motion was made and seconded by Councilmembers Radi/Peña to appropriate funds and authorize the transfer from Account No. 249 – Successor Agency 2011 Low/Mod Bond Fund in the amount of $8,600,000 to the Land Acquisition Fund Account to be used for this property acquisition. Motions passed unanimously. MOTION – A motion was made and seconded by Authority Members Evans/Sanchez to appropriate funds and authorize the transfer from Account No. 249 – Successor Agency 2011 Low/Mod Bond Fund in the amount of $8,600,000 to the Land Acquisition Fund Account to be used for this property acquisition. Motion passed unanimously. COUNCIL AND HOUSING AUTHORITY MEMBERS’ ITEMS – None ADJOURNMENT There being no further business, a motion was made and seconded by Council/Authority Members Radi/Sanchez to adjourn the Joint Special Meeting of the La Quinta City Council and Housing Authority at 5:56 p.m. Motion passed unanimously. Respectfully submitted, MONIKA RADEVA, City Clerk/Authority Secretary City of La Quinta, California 92 CITY COUNCIL MINUTES Page 1 of 10 FEBRUARY 15. 2022 CITY COUNCIL MINUTES TUESDAY, FEBRUARY 15, 2022 CALL TO ORDER A regular meeting of the La Quinta City Council was called to order at 3:30 p.m. by Mayor Evans. This meeting provided teleconferencing accessibility pursuant to Executive Orders N-60-20 and N-08-21 executed by the Governor of California, and subsequently Assembly Bill 361 (AB 361, 2021), enacted in response to the state of emergency relating to novel coronavirus disease 2019 (COVID-19) and enabling teleconferencing accommodations by suspending or waiving specified provisions in the Ralph M. Brown Act (Government Code § 54950 et seq.). PRESENT: Councilmembers Fitzpatrick, Peña, Radi, Sanchez, Mayor Evans ABSENT: None STAFF PRESENT: City Manager McMillen, City Attorney Ihrke, City Clerk Radeva, Deputy City Clerk Romane, Director of Business Unit and Housing Development Villalpando, Public Works Director/City Engineer McKinney, Management Analyst Mignogna, Design and Development Director Castro, Planning Manager Flores, Acting Community Resources Director Mendez, Community Resources Manager Calderon, Finance Director Martinez, and Interim Accounting Manager Hallick PUBLIC COMMENT ON MATTERS NOT ON THE AGENDA – None CONFIRMATION OF AGENDA City Clerk Radeva said staff would like to pull Consent Calendar Item No. 11 and move it for consideration under Business Session Item No. 2. Council concurred. CLOSED SESSION 1.CONFERENCE WITH LEGAL COUNSEL - ANTICIPATED LITIGATION. SIGNIFICANT EXPOSURE TO LITIGATION PURSUANT TO PARAGRAPH (2) OR (3) OF SUBDIVISION (d) OF GOVERNMENT CODE SECTION 54956.9 (NUMBER OF POTENTIAL CASES: 1) CONSENT CALENDAR ITEM NO. 7 93 CITY COUNCIL MINUTES Page 2 of 10 FEBRUARY 15. 2022 COUNCIL RECESSED THE OPEN SESSION PORTION OF THE MEETING AND MOVED INTO CLOSED SESSION AT 3:33 P.M. MAYOR EVANS RECONVENED THE OPEN SESSION PORTION OF THE CITY COUNCIL MEETING AT 4:05 P.M. WITH ALL MEMBERS PRESENT REPORT ON ACTION(S) TAKEN IN CLOSED SESSION: Mayor Evans said Council will recess back into Closed Session after the Open Session portion of the meeting to finish discussion on Item No. 1. PLEDGE OF ALLEGIANCE Mayor Evans led the audience in the Pledge of Allegiance. PUBLIC COMMENT ON MATTERS NOT ON THE AGENDA PUBLIC SPEAKER IN-PERSON: Philip Bettencourt, La Quinta – announced that he was appointed to serve on the Imperial Irrigation District Coachella Valley Energy Commission as the At-Large Commissioner for Cities, and looked forward to working with Council in that capacity. PUBLIC SPEAKER IN-PERSON: Anast Demitt, La Quinta – spoke on behalf of the La Quinta Residents for Responsible Development. Mr. Demitt provided comments on the Draft Environmental Impact Report’s water demand analysis prepared for the Wave at Coral Mountain project. PUBLIC SPEAKER VIA TELECONFERENCE ACCESSIBILITY: Brad Anderson, Rancho Mirage – former employee of the Coachella Valley Mosquito and Vector Control Board (CVMVCB), encouraged Council to stay abreast of the actions and proposals of the CVMVCB and disseminate that information to La Quinta residents. ANNOUNCEMENTS, PRESENTATIONS AND WRITTEN COMMUNICATIONS 1. TALUS - PROJECT STATUS UPDATE PUBLIC SPEAKERS IN-PERSON: Senior Project Manager Josh Frantz with Robert Green Company, and Chief Operating Officer with Rilington Group Bruce Maize provided a detailed presentation on the project’s overall progress and sequence of activities onsite. PUBLIC SPEAKER VIA TELECONFERENCE ACCESSIBILITY: Robert Green, President of The Robert Green Co. – said renderings and videos of the finished 94 CITY COUNCIL MINUTES Page 3 of 10 FEBRUARY 15. 2022 site are available on the Talus website, and a link to that information can be added to the City’s website for residents’ convenience. CONSENT CALENDAR 1.ADOPT ORDINANCE NO. 598 ON SECOND READING ADDING SECTION 14.16.415 TO THE LA QUINTA MUNICIPAL CODE ESTABLISHING REGULATIONS FOR THE MAINTENANCE OF ANY PUBLIC RIGHT-OF-WAY 2. RECEIVE AND FILE FISCAL YEAR 2020/21 ART IN PUBLIC PLACES ANNUAL REPORT 3. APPROVE ON-SITE AND OFF-SITE REPLACEMENT SUBDIVISION IMPROVEMENT AGREEMENTS FOR TRACT MAP NO. 30138, A RESIDENTIAL DEVELOPMENT LOCATED ON THE NORTH SIDE OF AVENUE 52 WEST OF MADISON STREET 4. APPROVE ON-SITE AND OFF-SITE REPLACEMENT SUBDIVISION IMPROVEMENT AGREEMENTS FOR TRACT MAP NO. 31249, CANTERA, A RESIDENTIAL DEVELOPMENT LOCATED ON THE SOUTH SIDE OF AVENUE 58 WEST OF MADISON STREET 5. AUTHORIZE OVERNIGHT TRAVEL FOR MANAGEMENT ASSISTANT TO ATTEND CITY CLERKS’ ASSOCIATION OF CALIFORNIA TECHNICAL TRAINING FOR CLERKS SERIES 200 IN RIVERSIDE, CALIFORNIA, MARCH 15-18, 2022 6. AUTHORIZE OVERNIGHT TRAVEL FOR FINANCIAL SERVICES ANALYST TO ATTEND THE CALIFORNIA MUNICIPAL TREASURERS’ ASSOCIATION ANNUAL CONFERENCE IN NEWPORT BEACH, CALIFORNIA, MAY 4-5, 2022 7. AFFIRM RESOLUTION NO. 2021-035 FINDINGS RELATED TO THE STATE OF EMERGENCY DUE TO COVID-19 AUTHORIZING THE CITY MANAGER TO CONTINUE TO IMPLEMENT TELECONFERENCE ACCESSIBILITY TO CONDUCT PUBLIC MEETINGS PURSUANT TO ASSEMBLY BILL 361 (STATS. 2021, CH. 165) 8. APPROVE DEMAND REGISTERS DATED JANUARY 28 AND FEBRUARY 4, 2022 9. RECEIVE AND FILE REVENUE AND EXPENDITURE REPORT DATED NOVEMBER 30, 2021 95 CITY COUNCIL MINUTES Page 4 of 10 FEBRUARY 15. 2022 10.APPROVE PLANS, SPECIFICATIONS, ENGINEER’S ESTIMATE, AND ADVERTISE FOR BID THE CITYWIDE STRIPING REFRESH (PROJECT NO. 2021-04) 11.Pulled from Consent Calendar by Staff and moved for consideration under Business Session No. 2 >>> APPROVE REQUEST TO AMEND THE LAW ENFORCEMENT SERVICE AGREEMENT WITH RIVERSIDE COUNTY SHERIFF’S DEPARTMENT TO CONVERT TWO TRAFFIC CAR POSITIONS TO TRAFFIC MOTOR POSITIONS MOTION – A motion was made and seconded by Councilmembers Peña/Radi to approve Consent Calendar Item Nos. 1-10 as recommended, with Item No. 1 adopting Ordinance No. 598 and Item No. 7 reaffirming Resolution No. 2021- 035. Motion passed unanimously. PUBLIC SPEAKER VIA TELECONFERENCE ACCESSIBILITY: Brad Anderson, Rancho Mirage – spoke in opposition to the reaffirmation of Resolution No. 2021-035 regarding State AB 361 because he believes it restricts access to public meetings held by City Boards and Commissions, and noted that Consent Calendar Item Nos. 5 and 6 contradict the safeguards of AB 361. City Attorney Ihrke provided an explanation of AB 361, its purpose and its alternative means of public attendance and participation; noted that the City provides multiple postings where the public can learn how to participate remotely; and that every meeting of every public body in the City is, and has always been, a publicly noticed public meeting. BUSINESS SESSION 1.APPROPRIATE HIGHWAY BRIDGE PROGRAM ADVANCED CONSTRUCTION FUNDING IN THE AMOUNT OF $14,936,122; APPROVE AGREEMENT FOR CONTRACT SERVICES WITH TY LIN INTERNATIONAL TO PROVIDE CONSTRUCTION MANAGEMENT AND INSPECTION SERVICES; APPROVE PLANS, SPECIFICATIONS AND ENGINEER’S ESTIMATE, AND AUTHORIZE FOR BID THE DUNE PALMS ROAD BRIDGE PROJECT NO. 2011-05, LOCATED ON DUNE PALMS ROAD OVER THE COACHELLA VALLEY STORM WATER CHANNEL Management Analyst Mignogna presented the staff report, which is on file in the Clerk’s Office. 96 CITY COUNCIL MINUTES Page 5 of 10 FEBRUARY 15. 2022 Council discussed project reimbursement funds to be returned to the reserve fund; minimizing impacts around the bridge during construction as was done with the Dune Palms bridge; and the project is an appropriate use of Measure G funds. MOTION – A motion was made and seconded by Councilmembers Fitzpatrick/ Sanchez to: A.Appropriate Highway Bridge Program Advanced Construction Funding in the amount of $14,936,122, with $7,468,061 from Measure G reserves and $7,468,061 from Unassigned reserves; B.Approve agreement for contract services with TY Lin International to provide construction management and inspection services, and authorize the City Manager to execute the agreement; and C.Approve plans, specifications, and engineer’s estimate, and authorize for bid the Dune Palms Road Bridge Project No. 2011-05. Motion passed unanimously. 2.Pulled from Consent Calendar Item No. 11 by Staff and moved for consideration as Business Session No. 2 >>> APPROVE REQUEST TO AMEND THE LAW ENFORCEMENT SERVICE AGREEMENT WITH RIVERSIDE COUNTY SHERIFF’S DEPARTMENT TO CONVERT TWO TRAFFIC CAR POSITIONS TO TRAFFIC MOTOR POSITIONS Acting Community Resources Director Mendez, along with Lt. Andy Martinez and Sgt. Chris Olsen of the Riverside County Sheriff’s Department presented the staff report, which is on file in the Clerk’s Office. Council discussed the fuel and maintenance for motorcycles versus that for the police cars; no additional officer positions are being added, just transferring Officers from cars to motorcycles; purpose is not to issue more traffic tickets, but to be able to respond faster to incidents due to motorcycles maneuverability through traffic; the City’s traffic squad ratio will change from currently having 3 cars and 2 motors to instead having 1 car and 4 motors; police cars being more visible to the community, but scope of patrols will not change; downside of replacing cars with motorcycles is the loss of the back seat and trunk carrying optional equipment, but motor Officers are self- sufficient in that they carry on their person or in their saddlebags everything needed, including first aid equipment; currently, if Officers driving either cars or motors need to transport an arrestee to jail or a hospital, Community Service Officers (CSOs) in cars are called in for transport so that the arresting Officer can remain on patrol, and this protocol will not change; there will be no changes to the number of Deputies or patrol hours; research measures to protect Officers on motors from extreme heat such as air-conditioned helmets or cool vests; ability to revert back to patrol cars if the change to motors is 97 CITY COUNCIL MINUTES Page 6 of 10 FEBRUARY 15. 2022 not satisfactory; Lt. Martinez reported that in 2021, there were 477 collisions in the City, 111 involved injury, and 4 involved fatalities – the purpose of motor Officers is to correct driver behavior causing these collisions with the intended result being a reduction; traffic cameras assist in identifying problem intersections for motor Officers to focus on; options of changing only one car to a motor, or negotiating with a neighbor City to trade one car for one motor temporarily in order to save $74,000 while change is evaluated; Sheriff Department’s proposal is to implement the change to four motors for four years, the useful life of new motorcycles, then re-evaluate; and reminder that La Quinta had four motor Officers originally, but due to lack of available Officers, it was reduced to two motors. PUBLIC SPEAKERS IN-PERSON: Alena Callimanis, La Quinta – suggested that Council change only one car to a motor for six months because wind, swirling sand and heat conditions are unsafe for motors. Council discussed the concept that patrol cars are more visible and therefore more of a detriment to crime; Lt. Martinez reported that there is an inverse correlation between the number of motors on patrol and the number of collisions, and that motors are five times more efficient than cars in traffic control; awaiting the report from Riverside County Sheriff on the availability, training, development, and data tracking of CSOs’ activities; and the need to consider this request as part of a larger conversation on budget, CSO data, and how the duties of patrol cars, motors, CSOs, etc. are integrated. MOTION – A motion was made and seconded by Councilmembers Peña/ Fitzpatrick to continue this item on a future Council agenda, date to be determined by Staff, when more information and data is available regarding the City’s budget, CSO activity, and delineation of duties performed by each type of Officer serving the City. Motion passed unanimously. STUDY SESSION – None MAYOR EVANS CALLED FOR A BRIEF RECESS AT 5:24 P.M. MAYOR EVANS RECONVENED THE COUNCIL MEETING AT 5:27 P.M. WITH ALL MEMBERS PRESENT PUBLIC HEARINGS 1. ADOPT RESOLUTIONS TO ADOPT A NEGATIVE DECLARATION (EA 2021-0010) AND A GENERAL PLAN AMENDMENT (GPA 2020-0001), FOR THE 2022-2029 HOUSING ELEMENT UPDATE 98 CITY COUNCIL MINUTES Page 7 of 10 FEBRUARY 15. 2022 AND UPDATES TO 2035 GENERAL PLAN CHAPTER IV, ENVIRONMENTAL HAZARDS (SAFETY ELEMENT); CEQA: A NEGATIVE DECLARATION WAS PREPARED UNDER ENVIRONMENTAL ASSESSMENT 2021-0010; LOCATION: CITY- WIDE [RESOLUTION NOS. 2022-003 AND 2022-004] Planning Manager Flores presented the staff report which is on file in the Clerk’s Office. Council discussed Local Early Action Planning (LEAP) grant funds received for the production of the Housing Element, but no grant funds yet identified for building any affordable units; Lift-to-Rise organization received $25 million from the State, but are only funding shovel-ready projects, and providing short-term loans to developers; ensuring that the City’s accessory dwelling unit (ADUs) ordinance is in compliance with State requirements; collecting data on ADUs in order to count them in the City affordable housing unit numbers; effect of State SB9 on the Housing Element; the density of 30 units per acre can be increased by a density bonus of up to 50% (i.e. 45 units per acre) – the density bonus percentage is a calculation based on the number of units at each income level; adding “low barrier navigation centers” to the Housing Element; suggestion to require future affordable housing developers to allocate some units for “rapid rehousing” and “transitional housing;” and establishing a mechanism to capture rented ADUs in the housing numbers through outreach, surveys or incentives. MAYOR EVANS DECLARED THE PUBLIC HEARING OPEN AT 6:00 P.M. PUBLIC SPEAKERS: None MAYOR EVANS DECLARED THE PUBLIC HEARING CLOSED AT 6:01 P.M. MOTION – A motion was made and seconded by Councilmembers Peña/ Sanchez to adopt Resolution No. 2022-003 adopting a Negative Declaration (EA 2021-0001) for the 2022-2029 Housing Element Update and updates to the 2035 General Plan Chapter IV, Environmental Hazards (Safety Element) as recommended: A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LA QUINTA, CALIFORNIA, ADOPTING A NEGATIVE DECLARATION FOR GENERAL PLAN AMENDMENT 2020-0001 FOR THE 2022-2029 HOUSING ELEMENT UPDATE AND UPDATES TO 2035 GENERAL PLAN CHAPTER IV, ENVIRONMENTAL HAZARDS Motion passed unanimously. 99 CITY COUNCIL MINUTES Page 8 of 10 FEBRUARY 15. 2022 MOTION – A motion was made and seconded by Councilmembers Peña/ Sanchez to adopt Resolution No. 2022-004 adopting a General Plan Amendment (GPA 2020-0001) for the 2022-2029 Housing Element Update and updates to the 2035 General Plan Chapter IV, Environmental Hazards (Safety Element) as recommended: A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LA QUINTA, CALIFORNIA, ADOPTING A GENERAL PLAN AMENDMENT FOR THE 2022- 2029 HOUSING ELEMENT UPDATE AND UPDATES TO 2035 GENERAL PLAN CHAPTER IV, ENVIRONMENTAL HAZARDS Motion passed unanimously. 2. REQUEST TO CONTINUE PUBLIC HEARING TO APPROVE DEVELOPMENT AGREEMENT FOR POLO VILLAS RESIDENCES; CEQA: THE PROJECT IS CONSISTENT WITH PREVIOUSLY ADOPTED ENVIRONMENTAL ASSESSMENTS 2005-537 AND 2010- 608; LOCATION: WEST OF MADISON STREET BETWEEN AVENUES 50 AND 52 Planning Manager Flores presented the staff report, which is on file in the Clerk’s Office. Council discussed including the minutes of the Planning Commission on this matter in the next report on the Polo Villas Residences. MAYOR EVANS DECLARED THE PUBLIC HEARING OPEN AT 6:08 P.M. PUBLIC SPEAKER: Alena Callimanis, La Quinta – said that she attended the Planning Commission meeting on this matter where there was discussion on whether the project abided by the City’s short-term vacation rental (STVR) ordinance, and a statement was made by the developer that he would not purchase the property to develop if the property could not be permitted under the STVR program. MAYOR EVANS DECLARED THAT THE PUBLIC HEARING WOULD REMAIN OPEN MOTION – A motion was made and seconded by Councilmembers Radi/ Fitzpatrick to continue the Public Hearing to March 1, 2022, to ensure noticing requirements comply with the La Quinta Municipal Code. Motion passed unanimously. DEPARTMENTAL REPORTS All reports are on file in the City Clerk’s Office. 100 CITY COUNCIL MINUTES Page 9 of 10 FEBRUARY 15. 2022 Mayor Evans noted that Departmental Report No. 3, included in the agenda packet, on the STVR program is posted on the City’s website; and the Fire Department has an increase in runs in 2021. Councilmember Radi asked Staff for clarification on whether the Fire Department requires an address to respond to a call, or if a landmark, such as naming a retail store or church is sufficient. Mayor Pro Tem Fitzpatrick asked Staff to determine if the Fire Department periodically checks the facades of homes and businesses to ensure that address numbers are clearly visible. MAYOR’S AND COUNCIL MEMBERS’ ITEMS Councilmember Peña reported that he has received many positive comments on the skate park and especially the celebrity attendance, with all greatly anticipating the opening. Mayor Evans reported on her attendance along with Mayor Pro Tem Fitzpatrick at the Concert-in-the-Park last Saturday, 2/12/2022, where parking was well handled, but may want to increase the number of food trucks for the next season. Also, band breaks should be shortened because many folks leave due to the 30-45 minute breaks. Mayor Evans reported that the Museum, Farmers’ Market, and Art-on-Main are all very well attended; she will be riding in the Presidents’ Day Parade and invited others to join her; on the Joe Smith radio program, she gave a half hour update on La Quinta events, projects, STVRs, etc.; and reminded all that the City’s Annual Community Workshop is scheduled for Saturday, March 12, 2022, between 9 a.m. and 12 p.m., which is also the day the Scouts will be planting trees at SilverRock, and the Art-on-Main event will be in progress. Mayor Pro Tem Fitzpatrick asked for data on the number of public record requests fulfilled and the cost associated with that. City Clerk Radeva said the information has been compiled and will be part of the presentation at the Community Workshop scheduled for March 12, 2022. REPORTS AND INFORMATIONAL ITEMS La Quinta’s representative for 2022, Mayor Evans reported on her participation in the following organizations’ meetings:  CVAG COACHELLA VALLEY CONSERVATION COMMISSION  CVAG ENERGY AND ENVIRONMENTAL RESOURCES COMMITTEE 101 CITY COUNCIL MINUTES Page 10 of 10 FEBRUARY 15. 2022 La Quinta’s representative for 2022, Mayor Pro Tem Fitzpatrick reported on her participation in the following organizations’ meetings:  CVAG TRANSPORTATION COMMITTEE  RIVERSIDE COUNTY TRANSPORTATION COMMISSION (RCTC) La Quinta’s representative for 2022, Councilmember Peña reported on his participation in the following organizations’ meetings:  COACHELLA VALLEY MOSQUITO & VECTOR CONTROL DISTRICT  CVAG PUBLIC SAFETY COMMITTEE  IID ENERGY CONSUMERS’ ADVISORY COMMITTEE La Quinta’s representative for 2022, Councilmember Sanchez reported on his participation in the following organization’s meeting:  ANIMAL CAMPUS COMMISSION CLOSED SESSION – Continued 2. CONFERENCE WITH LEGAL COUNSEL - ANTICIPATED LITIGATION. SIGNIFICANT EXPOSURE TO LITIGATION PURSUANT TO PARAGRAPH (2) OR (3) OF SUBDIVISION (d) OF GOVERNMENT CODE SECTION 54956.9 (NUMBER OF POTENTIAL CASES: 1) COUNCIL RECESSED THE OPEN SESSION PORTION OF THE MEETING AND MOVED BACK INTO CLOSED SESSION AT 6:36 P.M. MAYOR EVANS RECONVENED THE OPEN SESSION PORTION OF THE CITY COUNCIL MEETING AT 8:20 P.M. WITH ALL MEMBERS PRESENT REPORT ON ACTION(S) TAKEN IN CLOSED SESSION: City Attorney Ihrke reported that no actions were taken in Closed Session that require reporting pursuant to Government Code section 54957.1 (Brown Act). ADJOURNMENT There being no further business, a motion was made and seconded by Councilmembers Radi/Fitzpatrick to adjourn at 8:21 p.m. Motion passed unanimously. Respectfully submitted, MONIKA RADEVA, City Clerk City of La Quinta, California 102 City of La Quinta CITY COUNCIL MEETING: March 1, 2022 STAFF REPORT AGENDA TITLE: APPROVE AGREEMENT FOR CONTRACT SERVICES WITH HGA TO PROVIDE MASTER PLANNING AND PRELIMINARY DESIGN SERVICES FOR THE LA QUINTA CULTURAL CAMPUS PROJECT NO. 2019-01 RECOMMENDATION Approve Agreement for Contract Services with HGA in the amount of $457,300 to provide Master Planning and Preliminary Design Services for the La Quinta Cultural Campus Project No. 2019-01; and authorize the City Manager to execute the agreement. EXECUTIVE SUMMARY The La Quinta Cultural Campus is comprised of the La Quinta Museum, Lumberyard property, and an art plaza in one dedicated area of the Village (Attachment 1). Funding for the La Quinta Cultural Campus Project (Project) has been included in the City’s Capital Improvement Program (CIP) for the campus and greater area. A request for proposals (RFP) for master planning and preliminary design services was issued in November 2021 and four proposals were received. HGA was selected as the most qualified firm to provide the requested services (Attachment 2). FISCAL IMPACT The Fiscal Years 2019/20 and 2020/21 CIP includes budget for the La Quinta Cultural Campus project. Sufficient funding is available in the project budget for the $457,300 for master planning and preliminary design services. The following is the project budget: Project Budget Professional $ 190,182 Master Planning/Design $ 532,114 Construction $ 2,053,636 Inspection/Testing/Survey $ 217,705 Contingency $ 316,363 TOTAL: $ 3,310,000 BUSINESS SESSION ITEM NO. 1 103 BACKGROUND/ANALYSIS The La Quinta Museum opened to the public in 2007 with the historic casita (“home”) serving as office/meeting space for the La Quinta Historical Society and museum staff. The historic casita was the original real estate office for people who purchased casitas in the Cove. In 2018, the City acquired the property next to the museum known as the “Lumberyard,” where building materials were available to construct original casitas. Next to the lumberyard building sits a vacant lot, which will be a place of social interaction incorporating public art and a Cahuilla garden. Activation of this site allows for greater connection to other village cultural assets and adds to the museum’s offerings. These components combined creates the La Quinta Cultural Campus tying together history, culture, art, and the indigenous heritage of La Quinta. The master plan opportunity of this site and those around it is shown in Attachment 3. In connecting these components, City staff met with stakeholders who use the current museum to partner on future programs which included: •La Quinta Historical Society •Museum staff •Desert Recreation District (DRD) •Riverside County Historical Commission •Riverside County Economic Development Agency In January 2020, Council provided staff direction to finalize a scope for the La Quinta Cultural Campus, including a master plan in the Village area surrounding the Campus. Staff identified a scope of services and circulated an RFP for master planning and design services. Four qualified firms submitted proposals. The selection committee, comprised of staff from the Community Resources, Planning and Public Works departments, interviewed the top three firms; HGA, MW Steele Group, and RIOS. HGA was selected as the most qualified firm. As part of this contract, HGA will conduct additional stakeholder and public input opportunities. Once a master plan and preliminary design concepts have been approved, staff will request direction and approval from Council before moving forward with final engineering/design plans. ALTERNATIVES Staff does not recommend an alternative. Prepared by: Julie Mignogna, Management Analyst Approved by: Bryan McKinney, Public Works Director/City Engineer Attachments: 1.Cultural Campus Arial Overview 2. HGA Agreement 3.Opportunity Map of Master Plan 104 ATTACHMENT 1 LA QUINTA CULTURAL CAMPUS SITE AERIAL ATTACHMENT 1105 AREA OF PLANNING INFLUENCE/CONTEXT SITE EXTENTS FOR CULTURAL CAMPUS PLANNING/PRELIMINARY DESIGN LA QUINTA CULTURAL CAMPUS PROJECT AREA / EXTENTS 106 AGREEMENT FOR CONTRACT SERVICES THIS AGREEMENT FOR CONTRACT SERVICES (the “Agreement”) is made and entered into by and between the CITY OF LA QUINTA, (“City”), a California municipal corporation, and HGA (“Contracting Party”). The parties hereto agree as follows: 1.SERVICES OF CONTRACTING PARTY. 1.1 Scope of Services. In compliance with all terms and conditions of this Agreement, Contracting Party shall provide those services related to the Master Planning and Preliminary Design for La Quinta Cultural Campus Project No 2019-01, as specified in the “Scope of Services” attached hereto as “Exhibit A” and incorporated herein by this reference (the “Services”). Contracting Party represents and warrants that Contracting Party is a provider of first- class work and/or services and Contracting Party is experienced in performing the Services contemplated herein and, in light of such status and experience, Contracting Party covenants that it shall follow industry standards in performing the Services required hereunder, and that all materials, if any, will be of good quality, fit for the purpose intended. For purposes of this Agreement, the phrase “industry standards” shall mean those standards of practice recognized by one or more first-class firms performing similar services under similar circumstances. 1.2 Compliance with Law. All Services rendered hereunder shall be provided in accordance with all ordinances, resolutions, statutes, rules, regulations, and laws of the City and any Federal, State, or local governmental agency of competent jurisdiction. 1.3 Wage and Hour Compliance, Contracting Party shall comply with applicable Federal, State, and local wage and hour laws. 1.4 Licenses, Permits, Fees and Assessments. Except as otherwise specified herein, Contracting Party shall obtain at its sole cost and expense such licenses, permits, and approvals as may be required by law for the performance of the Services required by this Agreement, including a City of La Quinta business license. Contracting Party and its employees, agents, and subcontractors shall, at their sole cost and expense, keep in effect at all times during the term of this Agreement any licenses, permits, and approvals that are legally required for the performance of the Services required by this Agreement. Contracting Party shall have the sole obligation to pay for any fees, assessments, and taxes, plus applicable penalties and interest, which may be imposed by law and arise from or are necessary for the performance of the Services required by this Agreement, and shall indemnify, defend (with counsel selected by City), and hold City, its elected officials, officers, ATTACHMENT 2 107 -2- employees, and agents, free and harmless against any such fees, assessments, taxes, penalties, or interest levied, assessed, or imposed against City hereunder. Contracting Party shall be responsible for all subcontractors’ compliance with this Section. 1.5 Familiarity with Work. By executing this Agreement, Contracting Party warrants that (a) it has thoroughly investigated and considered the Services to be performed, (b) it has investigated the site where the Services are to be performed, if any, and fully acquainted itself with the conditions there existing, (c) it has carefully considered how the Services should be performed, and (d) it fully understands the facilities, difficulties, and restrictions attending performance of the Services under this Agreement. Should Contracting Party discover any latent or unknown conditions materially differing from those inherent in the Services or as represented by City, Contracting Party shall immediately inform City of such fact and shall not proceed except at Contracting Party’s risk until written instructions are received from the Contract Officer, or assigned designee (as defined in Section 4.2 hereof). 1.6 Standard of Care. Contracting Party acknowledges and understands that the Services contracted for under this Agreement require specialized skills and abilities and that, consistent with this understanding, Contracting Party’s work will be held to an industry standard of quality and workmanship. Consistent with Section 1.5 hereinabove, Contracting Party represents to City that it holds the necessary skills and abilities to satisfy the industry standard of quality as set forth in this Agreement. Contracting Party shall adopt reasonable methods during the life of this Agreement to furnish continuous protection to the Services performed by Contracting Party, and the equipment, materials, papers, and other components thereof to prevent losses or damages, and shall be responsible for all such damages, to persons or property, until acceptance of the Services by City, except such losses or damages as may be caused by City’s own negligence. The performance of Services by Contracting Party shall not relieve Contracting Party from any obligation to correct any incomplete, inaccurate, or defective work at no further cost to City, when such inaccuracies are due to the negligence of Contracting Party. 1.7 Additional Services. In accordance with the terms and conditions of this Agreement, Contracting Party shall perform services in addition to those specified in the Scope of Services (“Additional Services”) only when directed to do so by the Contract Officer, or assigned designee, provided that Contracting Party shall not be required to perform any Additional Services without compensation. Contracting Party shall not perform any Additional Services until receiving prior written authorization (in the form of a written 108 -3- change order if Contracting Party is a contractor performing the Services) from the Contract Officer, or assigned designee, incorporating therein any adjustment in (i) the Contract Sum, and/or (ii) the time to perform this Agreement, which said adjustments are subject to the written approval of Contracting Party. It is expressly understood by Contracting Party that the provisions of this Section shall not apply to the Services specifically set forth in the Scope of Services or reasonably contemplated therein. It is specifically understood and agreed that oral requests and/or approvals of Additional Services shall be barred and are unenforceable. Failure of Contracting Party to secure the Contract Officer’s, or assigned designee’s written authorization for Additional Services shall constitute a waiver of any and all right to adjustment of the Contract Sum or time to perform this Agreement, whether by way of compensation, restitution, quantum meruit, or the like, for Additional Services provided without the appropriate authorization from the Contract Officer, or assigned designee. Compensation for properly authorized Additional Services shall be made in accordance with Section 2.3 of this Agreement. 1.8 Special Requirements. Additional terms and conditions of this Agreement, if any, which are made a part hereof are set forth in “Exhibit D” (the “Special Requirements”), which is incorporated herein by this reference and expressly made a part hereof. In the event of a conflict between the provisions of the Special Requirements and any other provisions of this Agreement, the provisions of the Special Requirements shall govern. 2. COMPENSATION. 2.1 Contract Sum. For the Services rendered pursuant to this Agreement, Contracting Party shall be compensated in accordance with “Exhibit B” (the “Schedule of Compensation”) in a total amount not to exceed Four Hundred Fifty-Seven Thousand Three Hundred Dollars ($457,300.00) (the “Contract Sum”), except as provided in Section 1.7. The method of compensation set forth in the Schedule of Compensation may include a lump sum payment upon completion, payment in accordance with the percentage of completion of the Services, payment for time and materials based upon Contracting Party’s rate schedule, but not exceeding the Contract Sum, or such other reasonable methods as may be specified in the Schedule of Compensation. The Contract Sum shall include the attendance of Contracting Party at all project meetings reasonably deemed necessary by City; Contracting Party shall not be entitled to any additional compensation for attending said meetings. Compensation may include reimbursement for actual and necessary expenditures for reproduction costs, transportation expense, telephone expense, and similar costs and expenses when and if specified in the Schedule of Compensation. Regardless of the method of 109 -4- compensation set forth in the Schedule of Compensation, Contracting Party’s overall compensation shall not exceed the Contract Sum, except as provided in Section 1.7 of this Agreement. 2.2 Method of Billing & Payment. Any month in which Contracting Party wishes to receive payment, Contracting Party shall submit to City no later than the tenth (10th) working day of such month, in the form approved by City’s Finance Director, an invoice for Services rendered prior to the date of the invoice. Such invoice shall (1) describe in detail the Services provided, including time and materials, and (2) specify each staff member who has provided Services and the number of hours assigned to each such staff member. Such invoice shall contain a certification by a principal member of Contracting Party specifying that the payment requested is for Services performed in accordance with the terms of this Agreement. Upon approval in writing by the Contract Officer, or assigned designee, and subject to retention pursuant to Section 8.3, City will pay Contracting Party for all items stated thereon which are approved by City pursuant to this Agreement no later than thirty (30) days after invoices are received by the City’s Finance Department. 2.3 Compensation for Additional Services. Additional Services approved in advance by the Contract Officer, or assigned designee, pursuant to Section 1.7 of this Agreement shall be paid for in an amount agreed to in writing by both City and Contracting Party in advance of the Additional Services being rendered by Contracting Party. Any compensation for Additional Services amounting to five percent (5%) or less of the Contract Sum may be approved by the Contract Officer, or assigned designee. Any greater amount of compensation for Additional Services must be approved by the La Quinta City Council, the City Manager, or Department Director, depending upon City laws, regulations, rules and procedures concerning public contracting. Under no circumstances shall Contracting Party receive compensation for any Additional Services unless prior written approval for the Additional Services is obtained from the Contract Officer, or assigned designee, pursuant to Section 1.7 of this Agreement. 3. PERFORMANCE SCHEDULE. 3.1 Time of Essence. Time is of the essence in the performance of this Agreement. If the Services not completed in accordance with the Schedule of Performance, as set forth in Section 3.2 and “Exhibit C”, it is understood that the City will suffer damage. 3.2 Schedule of Performance. All Services rendered pursuant to this Agreement shall be performed diligently and within the time period established in “Exhibit C” (the “Schedule of Performance”). Extensions to the 110 -5- time period specified in the Schedule of Performance may be approved in writing by the Contract Officer, or assigned designee. 3.3 Force Majeure. The time period specified in the Schedule of Performance for performance of the Services rendered pursuant to this Agreement shall be extended because of any delays due to unforeseeable causes beyond the control and without the fault or negligence of Contracting Party, including, but not restricted to, acts of God or of the public enemy, fires, earthquakes, floods, epidemic, quarantine restrictions, riots, strikes, freight embargoes, acts of any governmental agency other than City, and unusually severe weather, if Contracting Party shall within ten (10) days of the commencement of such delay notify the Contract Officer, or assigned designee, in writing of the causes of the delay. The Contract Officer, or assigned designee, shall ascertain the facts and the extent of delay, and extend the time for performing the Services for the period of the forced delay when and if in the Contract Officer’s judgment such delay is justified, and the Contract Officer’s determination, or assigned designee, shall be final and conclusive upon the parties to this Agreement. Extensions to time period in the Schedule of Performance which are determined by the Contract Officer, or assigned designee, to be justified pursuant to this Section shall not entitle the Contracting Party to additional compensation in excess of the Contract Sum. 3.4 Term. Unless earlier terminated in accordance with the provisions in Article 8.0 of this Agreement, the term of this agreement shall commence on March 2, 2022, and terminate on June 30, 2023 (“Initial Term”). This Agreement may be extended for two (2) additional year(s) upon mutual agreement by both parties (“Extended Term”), and executed in writing. 4.COORDINATION OF WORK. 4.1 Representative of Contracting Party. The following principals of Contracting Party (“Principals”) are hereby designated as being the principals and representatives of Contracting Party authorized to act in its behalf with respect to the Services specified herein and make all decisions in connection therewith: (a) Name: Christina Delgado Tel No. 310.557.7600 E-mail: cdelgado@hga.com (b) Name: Kevin Donaghey Tel No. 530.263.0260 Email: kdonaghey@hga.com 111 -6- It is expressly understood that the experience, knowledge, capability, and reputation of the foregoing Principals were a substantial inducement for City to enter into this Agreement. Therefore, the foregoing Principals shall be responsible during the term of this Agreement for directing all activities of Contracting Party and devoting sufficient time to personally supervise the Services hereunder. For purposes of this Agreement, the foregoing Principals may not be changed by Contracting Party and no other personnel may be assigned to perform the Services required hereunder without the express written approval of City. 4.2 Contract Officer. The “Contract Officer”, otherwise known as the Bryan McKinney, Public Works Director or assigned designee may be designated in writing by the City Manager of the City. It shall be Contracting Party’s responsibility to assure that the Contract Officer, or assigned designee, is kept informed of the progress of the performance of the Services, and Contracting Party shall refer any decisions, that must be made by City to the Contract Officer, or assigned designee. Unless otherwise specified herein, any approval of City required hereunder shall mean the approval of the Contract Officer, or assigned designee. The Contract Officer, or assigned designee, shall have authority to sign all documents on behalf of City required hereunder to carry out the terms of this Agreement. 4.3 Prohibition Against Subcontracting or Assignment. The experience, knowledge, capability, and reputation of Contracting Party, its principals, and its employees were a substantial inducement for City to enter into this Agreement. Except as set forth in this Agreement, Contracting Party shall not contract or subcontract with any other entity to perform in whole or in part the Services required hereunder without the express written approval of City. In addition, neither this Agreement nor any interest herein may be transferred, assigned, conveyed, hypothecated, or encumbered, voluntarily or by operation of law, without the prior written approval of City. Transfers restricted hereunder shall include the transfer to any person or group of persons acting in concert of more than twenty five percent (25%) of the present ownership and/or control of Contracting Party, taking all transfers into account on a cumulative basis. Any attempted or purported assignment or contracting or subcontracting by Contracting Party without City’s express written approval shall be null, void, and of no effect. No approved transfer shall release Contracting Party of any liability hereunder without the express consent of City. 4.4 Independent Contractor. Neither City nor any of its employees shall have any control over the manner, mode, or means by which Contracting Party, its agents, or its employees, perform the Services required herein, except as otherwise set forth herein. City shall have no voice in the selection, 112 -7- discharge, supervision, or control of Contracting Party’s employees, servants, representatives, or agents, or in fixing their number or hours of service. Contracting Party shall perform all Services required herein as an independent contractor of City and shall remain at all times as to City a wholly independent contractor with only such obligations as are consistent with that role. Contracting Party shall not at any time or in any manner represent that it or any of its agents or employees are agents or employees of City. City shall not in any way or for any purpose become or be deemed to be a partner of Contracting Party in its business or otherwise or a joint venture or a member of any joint enterprise with Contracting Party. Contracting Party shall have no power to incur any debt, obligation, or liability on behalf of City. Contracting Party shall not at any time or in any manner represent that it or any of its agents or employees are agents or employees of City. Except for the Contract Sum paid to Contracting Party as provided in this Agreement, City shall not pay salaries, wages, or other compensation to Contracting Party for performing the Services hereunder for City. City shall not be liable for compensation or indemnification to Contracting Party for injury or sickness arising out of performing the Services hereunder. Notwithstanding any other City, state, or federal policy, rule, regulation, law, or ordinance to the contrary, Contracting Party and any of its employees, agents, and subcontractors providing services under this Agreement shall not qualify for or become entitled to any compensation, benefit, or any incident of employment by City, including but not limited to eligibility to enroll in the California Public Employees Retirement System (“PERS”) as an employee of City and entitlement to any contribution to be paid by City for employer contributions and/or employee contributions for PERS benefits. Contracting Party agrees to pay all required taxes on amounts paid to Contracting Party under this Agreement, and to indemnify and hold City harmless from any and all taxes, assessments, penalties, and interest asserted against City by reason of the independent contractor relationship created by this Agreement. Contracting Party shall fully comply with the workers’ compensation laws regarding Contracting Party and Contracting Party’s employees. Contracting Party further agrees to indemnify and hold City harmless from any failure of Contracting Party to comply with applicable workers’ compensation laws. City shall have the right to offset against the amount of any payment due to Contracting Party under this Agreement any amount due to City from Contracting Party as a result of Contracting Party’s failure to promptly pay to City any reimbursement or indemnification arising under this Section. 4.5 Identity of Persons Performing Work. Contracting Party represents that it employs or will employ at its own expense all personnel required for the satisfactory performance of any and all of the Services set forth herein. Contracting Party represents that the Services required herein will be performed by Contracting Party or under its direct supervision, and 113 -8- that all personnel engaged in such work shall be fully qualified and shall be authorized and permitted under applicable State and local law to perform such tasks and services. 4.6 City Cooperation. City shall provide Contracting Party with any plans, publications, reports, statistics, records, or other data or information pertinent to the Services to be performed hereunder which are reasonably available to Contracting Party only from or through action by City. 5. INSURANCE. 5.1 Insurance. Prior to the beginning of any Services under this Agreement and throughout the duration of the term of this Agreement, Contracting Party shall procure and maintain, at its sole cost and expense, and submit concurrently with its execution of this Agreement, policies of insurance as set forth in “Exhibit E” (the “Insurance Requirements”) which is incorporated herein by this reference and expressly made a part hereof. 5.2 Proof of Insurance. Contracting Party shall provide Certificate of Insurance to Agency along with all required endorsements. Certificate of Insurance and endorsements must be approved by Agency’s Risk Manager prior to commencement of performance. 6. INDEMNIFICATION. 6.1 Indemnification. To the fullest extent permitted by law, Contracting Party shall indemnify, protect, defend (with counsel selected by City), and hold harmless City and any and all of its officers, employees, agents, and volunteers as set forth in “Exhibit F” (“Indemnification”) which is incorporated herein by this reference and expressly made a part hereof. 7. RECORDS AND REPORTS. 7.1 Reports. Contracting Party shall periodically prepare and submit to the Contract Officer, or assigned designee, such reports concerning Contracting Party’s performance of the Services required by this Agreement as the Contract Officer, or assigned designee, shall require. Contracting Party hereby acknowledges that City is greatly concerned about the cost of the Services to be performed pursuant to this Agreement. For this reason, Contracting Party agrees that if Contracting Party becomes aware of any facts, circumstances, techniques, or events that may or will materially increase or decrease the cost of the Services contemplated herein or, if Contracting Party is providing design services, the cost of the project being designed, Contracting Party shall promptly notify the Contract Officer, or assigned designee, of said fact, circumstance, technique, or event and the estimated 114 -9- increased or decreased cost related thereto and, if Contracting Party is providing design services, the estimated increased or decreased cost estimate for the project being designed. 7.2 Records. Contracting Party shall keep, and require any subcontractors to keep, such ledgers, books of accounts, invoices, vouchers, canceled checks, reports (including but not limited to payroll reports), studies, or other documents relating to the disbursements charged to City and the Services performed hereunder (the “Books and Records”), as shall be necessary to perform the Services required by this Agreement and enable the Contract Officer, or assigned designee, to evaluate the performance of such Services. Any and all such Books and Records shall be maintained in accordance with generally accepted accounting principles and shall be complete and detailed. The Contract Officer, or assigned designee, shall have full and free access to such Books and Records at all times during normal business hours of City, including the right to inspect, copy, audit, and make records and transcripts from such Books and Records. Such Books and Records shall be maintained for a period of three (3) years following completion of the Services hereunder, and City shall have access to such Books and Records in the event any audit is required. In the event of dissolution of Contracting Party’s business, custody of the Books and Records may be given to City, and access shall be provided by Contracting Party’s successor in interest. Under California Government Code Section 8546.7, if the amount of public funds expended under this Agreement exceeds Ten Thousand Dollars ($10,000.00), this Agreement shall be subject to the examination and audit of the State Auditor, at the request of City or as part of any audit of City, for a period of three (3) years after final payment under this Agreement. 7.3 Ownership of Documents. All drawings, specifications, maps, designs, photographs, studies, surveys, data, notes, computer files, reports, records, documents, and other materials plans, drawings, estimates, test data, survey results, models, renderings, and other documents or works of authorship fixed in any tangible medium of expression, including but not limited to, physical drawings, digital renderings, or data stored digitally, magnetically, or in any other medium prepared or caused to be prepared by Contracting Party, its employees, subcontractors, and agents in the performance of this Agreement (the “Documents and Materials”) shall be the property of City and shall be delivered to City upon request of the Contract Officer, or assigned designee, or upon the expiration or termination of this Agreement, and Contracting Party shall have no claim for further employment or additional compensation as a result of the exercise by City of its full rights of ownership use, reuse, or assignment of the Documents and Materials hereunder. Any use, reuse or assignment of such completed Documents and 115 -10- Materials for other projects and/or use of uncompleted documents without specific written authorization by Contracting Party will be at City’s sole risk and without liability to Contracting Party, and Contracting Party’s guarantee and warranties shall not extend to such use, revise, or assignment. Contracting Party may retain copies of such Documents and Materials for its own use. Contracting Party shall have an unrestricted right to use the concepts embodied therein. All subcontractors shall provide for assignment to City of any Documents and Materials prepared by them, and in the event Contracting Party fails to secure such assignment, Contracting Party shall indemnify City for all damages resulting therefrom. 7.4 In the event City or any person, firm, or corporation authorized by City reuses said Documents and Materials without written verification or adaptation by Contracting Party for the specific purpose intended and causes to be made or makes any changes or alterations in said Documents and Materials, City hereby releases, discharges, and exonerates Contracting Party from liability resulting from said change. The provisions of this clause shall survive the termination or expiration of this Agreement and shall thereafter remain in full force and effect. 7.5 Licensing of Intellectual Property. This Agreement creates a non- exclusive and perpetual license for City to copy, use, modify, reuse, or sublicense any and all copyrights, designs, rights of reproduction, and other intellectual property embodied in the Documents and Materials. Contracting Party shall require all subcontractors, if any, to agree in writing that City is granted a non-exclusive and perpetual license for the Documents and Materials the subcontractor prepares under this Agreement. Contracting Party represents and warrants that Contracting Party has the legal right to license any and all of the Documents and Materials. Contracting Party makes no such representation and warranty in regard to the Documents and Materials which were prepared by design professionals other than Contracting Party or provided to Contracting Party by City. City shall not be limited in any way in its use of the Documents and Materials at any time, provided that any such use not within the purposes intended by this Agreement shall be at City’s sole risk. 7.6 Release of Documents. The Documents and Materials shall not be released publicly without the prior written approval of the Contract Officer, or assigned designee, or as required by law. Contracting Party shall not disclose to any other entity or person any information regarding the activities of City, except as required by law or as authorized by City. 7.7 Confidential or Personal Identifying Information. Contracting Party covenants that all City data, data lists, trade secrets, documents with personal identifying information, documents that are not public records, draft 116 -11- documents, discussion notes, or other information, if any, developed or received by Contracting Party or provided for performance of this Agreement are deemed confidential and shall not be disclosed by Contracting Party to any person or entity without prior written authorization by City or unless required by law. City shall grant authorization for disclosure if required by any lawful administrative or legal proceeding, court order, or similar directive with the force of law. All City data, data lists, trade secrets, documents with personal identifying information, documents that are not public records, draft documents, discussions, or other information shall be returned to City upon the termination or expiration of this Agreement. Contracting Party’s covenant under this section shall survive the termination or expiration of this Agreement. 8. ENFORCEMENT OF AGREEMENT. 8.1 California Law. This Agreement shall be interpreted, construed, and governed both as to validity and to performance of the parties in accordance with the laws of the State of California. Legal actions concerning any dispute, claim, or matter arising out of or in relation to this Agreement shall be instituted in the Superior Court of the County of Riverside, State of California, or any other appropriate court in such county, and Contracting Party covenants and agrees to submit to the personal jurisdiction of such court in the event of such action. 8.2 Disputes. In the event of any dispute arising under this Agreement, the injured party shall notify the injuring party in writing of its contentions by submitting a claim therefore. The injured party shall continue performing its obligations hereunder so long as the injuring party commences to cure such default within ten (10) days of service of such notice and completes the cure of such default within forty-five (45) days after service of the notice, or such longer period as may be permitted by the Contract Officer, or assigned designee; provided that if the default is an immediate danger to the health, safety, or general welfare, City may take such immediate action as City deems warranted. Compliance with the provisions of this Section shall be a condition precedent to termination of this Agreement for cause and to any legal action, and such compliance shall not be a waiver of any party’s right to take legal action in the event that the dispute is not cured, provided that nothing herein shall limit City’s right to terminate this Agreement without cause pursuant to this Article 8.0. During the period of time that Contracting Party is in default, City shall hold all invoices and shall, when the default is cured, proceed with payment on the invoices. In the alternative, City may, in its sole discretion, elect to pay some or all of the outstanding invoices during any period of default. 117 -12- 8.3 Retention of Funds. City may withhold from any monies payable to Contracting Party sufficient funds to compensate City for any losses, costs, liabilities, or damages it reasonably believes were suffered by City due to the default of Contracting Party in the performance of the Services required by this Agreement. 8.4 Waiver. No delay or omission in the exercise of any right or remedy of a non-defaulting party on any default shall impair such right or remedy or be construed as a waiver. City’s consent or approval of any act by Contracting Party requiring City’s consent or approval shall not be deemed to waive or render unnecessary City’s consent to or approval of any subsequent act of Contracting Party. Any waiver by either party of any default must be in writing and shall not be a waiver of any other default concerning the same or any other provision of this Agreement. 8.5 Rights and Remedies are Cumulative. Except with respect to rights and remedies expressly declared to be exclusive in this Agreement, the rights and remedies of the parties are cumulative and the exercise by either party of one or more of such rights or remedies shall not preclude the exercise by it, at the same or different times, of any other rights or remedies for the same default or any other default by the other party. 8.6 Legal Action. In addition to any other rights or remedies, either party may take legal action, at law or at equity, to cure, correct, or remedy any default, to recover damages for any default, to compel specific performance of this Agreement, to obtain declaratory or injunctive relief, or to obtain any other remedy consistent with the purposes of this Agreement. 8.7 Termination Prior To Expiration of Term. This Section shall govern any termination of this Agreement, except as specifically provided in the following Section for termination for cause. City reserves the right to terminate this Agreement at any time, with or without cause, upon thirty (30) days’ written notice to Contracting Party. Upon receipt of any notice of termination, Contracting Party shall immediately cease all Services hereunder except such as may be specifically approved by the Contract Officer, or assigned designee. Contracting Party shall be entitled to compensation for all Services rendered prior to receipt of the notice of termination and for any Services authorized by the Contract Officer, or assigned designee, thereafter in accordance with the Schedule of Compensation or such as may be approved by the Contract Officer, or assigned designee, except amounts held as a retention pursuant to this Agreement. 8.8 Termination for Default of Contracting Party. If termination is due to the failure of Contracting Party to fulfill its obligations under this Agreement, Contracting Party shall vacate any City-owned property which Contracting 118 -13- Party is permitted to occupy hereunder and City may, after compliance with the provisions of Section 8.2, take over the Services and prosecute the same to completion by contract or otherwise, and Contracting Party shall be liable to the extent that the total cost for completion of the Services required hereunder exceeds the compensation herein stipulated (provided that City shall use reasonable efforts to mitigate such damages), and City may withhold any payments to Contracting Party for the purpose of setoff or partial payment of the amounts owed City. 8.9 Attorneys’ Fees. If either party to this Agreement is required to initiate or defend or made a party to any action or proceeding in any way connected with this Agreement, the prevailing party in such action or proceeding, in addition to any other relief which may be granted, whether legal or equitable, shall be entitled to reasonable attorneys’ fees; provided, however, that the attorneys’ fees awarded pursuant to this Section shall not exceed the hourly rate paid by City for legal services multiplied by the reasonable number of hours spent by the prevailing party in the conduct of the litigation. Attorneys’ fees shall include attorneys’ fees on any appeal, and in addition a party entitled to attorneys’ fees shall be entitled to all other reasonable costs for investigating such action, taking depositions and discovery, and all other necessary costs the court allows which are incurred in such litigation. All such fees shall be deemed to have accrued on commencement of such action and shall be enforceable whether or not such action is prosecuted to judgment. The court may set such fees in the same action or in a separate action brought for that purpose. 9. CITY OFFICERS AND EMPLOYEES; NONDISCRIMINATION. 9.1 Non-liability of City Officers and Employees. No officer, official, employee, agent, representative, or volunteer of City shall be personally liable to Contracting Party, or any successor in interest, in the event or any default or breach by City or for any amount which may become due to Contracting Party or to its successor, or for breach of any obligation of the terms of this Agreement. 9.2 Conflict of Interest. Contracting Party covenants that neither it, nor any officer or principal of it, has or shall acquire any interest, directly or indirectly, which would conflict in any manner with the interests of City or which would in any way hinder Contracting Party’s performance of the Services under this Agreement. Contracting Party further covenants that in the performance of this Agreement, no person having any such interest shall be employed by it as an officer, employee, agent, or subcontractor without the express written consent of the Contract Officer, or assigned designee. Contracting Party agrees to at all times avoid conflicts of interest or the 119 -14- appearance of any conflicts of interest with the interests of City in the performance of this Agreement. No officer or employee of City shall have any financial interest, direct or indirect, in this Agreement nor shall any such officer or employee participate in any decision relating to this Agreement which effects his financial interest or the financial interest of any corporation, partnership or association in which he is, directly or indirectly, interested, in violation of any State statute or regulation. Contracting Party warrants that it has not paid or given and will not pay or give any third party any money or other consideration for obtaining this Agreement. 9.3 Covenant against Discrimination. Contracting Party covenants that, by and for itself, its heirs, executors, assigns, and all persons claiming under or through them, that there shall be no discrimination against or segregation of, any person or group of persons on account of any impermissible classification including, but not limited to, race, color, creed, religion, sex, marital status, sexual orientation, national origin, or ancestry in the performance of this Agreement. Contracting Party shall take affirmative action to ensure that applicants are employed and that employees are treated during employment without regard to their race, color, creed, religion, sex, marital status, sexual orientation, national origin, or ancestry. 10. MISCELLANEOUS PROVISIONS. 10.1 Notice. Any notice, demand, request, consent, approval, or communication either party desires or is required to give the other party or any other person shall be in writing and either served personally or sent by prepaid, first-class mail to the address set forth below. Either party may change its address by notifying the other party of the change of address in writing. Notice shall be deemed communicated forty-eight (48) hours from the time of mailing if mailed as provided in this Section. To City: CITY OF LA QUINTA Attention: Bryan McKinney 78495 Calle Tampico La Quinta, California 92253 To Contracting Party: HGA Kevin Donaghey, Principal in Charge 1301 Colorado Avenue, Santa Monica, CA 90404 10.2 Interpretation. The terms of this Agreement shall be construed in accordance with the meaning of the language used and shall not be construed 120 -15- for or against either party by reason of the authorship of this Agreement or any other rule of construction which might otherwise apply. 10.3 Section Headings and Subheadings. The section headings and subheadings contained in this Agreement are included for convenience only and shall not limit or otherwise affect the terms of this Agreement. 10.4 Counterparts. This Agreement may be executed in counterparts, each of which shall be deemed to be an original, and such counterparts shall constitute one and the same instrument. 10.5 Integrated Agreement. This Agreement including the exhibits hereto is the entire, complete, and exclusive expression of the understanding of the parties. It is understood that there are no oral agreements between the parties hereto affecting this Agreement and this Agreement supersedes and cancels any and all previous negotiations, arrangements, agreements, and understandings, if any, between the parties, and none shall be used to interpret this Agreement. 10.6 Amendment. No amendment to or modification of this Agreement shall be valid unless made in writing and approved by Contracting Party and by the City Council of City. The parties agree that this requirement for written modifications cannot be waived and that any attempted waiver shall be void. 10.7 Severability. In the event that any one or more of the articles, phrases, sentences, clauses, paragraphs, or sections contained in this Agreement shall be declared invalid or unenforceable, such invalidity or unenforceability shall not affect any of the remaining articles, phrases, sentences, clauses, paragraphs, or sections of this Agreement which are hereby declared as severable and shall be interpreted to carry out the intent of the parties hereunder unless the invalid provision is so material that its invalidity deprives either party of the basic benefit of their bargain or renders this Agreement meaningless. 10.8 Unfair Business Practices Claims. In entering into this Agreement, Contracting Party offers and agrees to assign to City all rights, title, and interest in and to all causes of action it may have under Section 4 of the Clayton Act (15 U.S.C. § 15) or under the Cartwright Act (Chapter 2, (commencing with Section 16700) of Part 2 of Division 7 of the Business and Professions Code), arising from purchases of goods, services, or materials related to this Agreement. This assignment shall be made and become effective at the time City renders final payment to Contracting Party without further acknowledgment of the parties. 121 -16- 10.9 No Third-Party Beneficiaries. With the exception of the specific provisions set forth in this Agreement, there are no intended third-party beneficiaries under this Agreement and no such other third parties shall have any rights or obligations hereunder. 10.10 Authority. The persons executing this Agreement on behalf of each of the parties hereto represent and warrant that (i) such party is duly organized and existing, (ii) they are duly authorized to execute and deliver this Agreement on behalf of said party, (iii) by so executing this Agreement, such party is formally bound to the provisions of this Agreement, and (iv) that entering into this Agreement does not violate any provision of any other Agreement to which said party is bound. This Agreement shall be binding upon the heirs, executors, administrators, successors, and assigns of the parties. [SIGNATURES ON FOLLOWING PAGE] 122 -17- IN WITNESS WHEREOF, the parties have executed this Agreement as of the dates stated below. CITY OF LA QUINTA, a California Municipal Corporation JON McMILLEN, City Manager City of La Quinta, California Dated: CONTRACTING PARTY: By: Name: Title: ATTEST: MONIKA RADEVA, City Clerk City of La Quinta, California By: Name: Title: APPROVED AS TO FORM: WILLIAM H. IHRKE, City Attorney City of La Quinta, California 123 SCOPE OF SERVICES Professional design services for this effort are as listed below, and will be provided by HGA unless noted otherwise): 1. Architectural / Planning 2. Civil 3. Landscape 4. Structural 5. Electrical 6. Lighting Design 7. IT / Security (Low Voltage) 8. Cost Estimating 9. Tribal Liaison – Major Robinson PROJECT PHASES: The scope of work includes the following project phases by percentage: 1. Master Planning – 40% 2. Preliminary Design – 60% SCOPE DESCRIPTION (FROM RFP): Phase 1 – Master Planning • Utilize information found in the Village Build-out Plan and accompanying EIR to create a master plan of the Cultural Campus components to be integrated with La Quinta Community Park owned by DRD and the surrounding Village. • Open up the lumberyard property to create access to the Village Promenade. • Identify walkability/connectivity opportunities between the Cultural Campus and other points of interest in the Village (Old Town, other shopping centers, parks, neighborhoods, etc.) • Identify parking for the Cultural Campus. • Improve the flow in the existing Museum and create a natural walkway space between the Cultural Campus components. • Conduct community outreach (both virtual and in-person) • Develop Cultural Campus Master Plan consistent with Village Commercial District and Village Build-out Plan Area (codified in the La Quinta Zoning Code). • Establish standards for architectural materials, landscape planting/hardscape palettes • Confirm scope extents for Phase 2 work (including museum archiving resources) Exhibit A Scope of Services 124 Phase 2 – Preliminary Design Site Improvements (Conceptual Options and Preliminary Plans) Provide up to three (3) options to create spaces as identified below (Art Exhibition, Garden, Connectivity), and prepare preliminary plans from the City-approved option that include floor plans, elevations, site improvements, seismic analysis, landscape layout, irrigation layout with point of connection, parking layout, specifications, cost estimate, and utility layout with point of connections. In addition: • Consult the information found in the seismic review and historic assessment of the properties previously conducted by the City and implement the findings in the design. • Based on seismic retrofit, utilize the window view corridors of the lumberyard as exhibit opportunities and/ or utilize the lumberyard outdoor area as covered outdoor event space. • Incorporate trees throughout the campus. • Improve Casita back entry to allow easier access from Museum. • Create a main entrance that is connected and inviting, in order to improve wayfinding for entrances to the Museum. • Incorporate breezeways to connect spaces. • Create a shaded space for outdoor art installations, performances, and entertainment. • Create new indoor and outdoor exhibit space to house temporary and/or permanent art exhibits and installations including opportunities for Art in Public Places pieces. • Improve the audio/visual and wifi components to allow interactive/digital displays • Create a space for non-archive storage. • Enhance the lighting on the interior/exterior of the buildings. • Incorporate amenities and infrastructure to provide sound and music throughout the space. • Identify easily maintained plants at the Cahuilla garden. • Coordinate with utility companies to underground utility poles located on the south side of the property (reroute scope NIC, to be carried out by utility company) • Coordinate with Coachella Valley Water District to procure a point of connection for irrigation water. Cultural/Historical Archiving Resources (Conceptual Options and Preliminary Plans) Provide up to three (3) options to construct a permanent archive location that meets artifact and Museum standards, with locations considered within one of the existing buildings or as a separate building located within the Cahuilla Gardens, and prepare preliminary plans from the City-approved option that will include floor plans, elevations, site improvements, seismic analysis, specifications, cost estimate, and utility layout with points of connections. In addition, coordinate requirements for Archiving Space that include: ·Storage area protection from exterior environment and light, and ability to consistently maintain a small range of temperature/light/humidity ·Location away from pipes/water heaters, etc. that can leak, emit heat/light ·Specify shelving/cabinets secured to floors and walls 125 ·Temperature control in space that meet archive standards by means of system that heats, cools, humidifies and dehumidifies to maintain proper conditions. ·Locate area to be separated from exterior walls/doors, by corridors/offices, etc. (no windows/doors opening to the exterior in storage space) ·Extra storage space to accommodate future needs ·Work/processing space within the storage area ·Storage space for archive/preservation materials ·Archivist office space ·Research space for public/researchers to view collections items ·Archive security, such as surveillance and access control ·Coordinate with Coachella Valley Water District as needed to procure a point of connection for water and sewer. MEETINGS: HGA will facilitate and/or attend the following meetings at each project phase. See attached project schedule for approximate timeframe. For each workshop, HGA can facilitate separate sessions as needed to accommodate the various project stakeholders and components, but it is assumed that this will not exceed four (4) separate sessions per workshop. Meetings are assumed to be virtual unless otherwise noted or specifically required by La Quinta. Master Planning: 1. Initial Kick-Off / Visioning (In- Person): - Tour Facility; Establish Goals; Confirm Roles/Responsibilities and Project Extents 2. Planning Workshop #1 - Recap Visioning Goals and Confirm Priorities; Review Constraints and Opportunities 3. Planning Workshop #2 (In-Person) - Re-Confirm Priorities, Constraints and Opportunities; Benchmarking; Planning Options 4. Planning Workshop #3 - Review Updated Planning Options, Material/Planting Palettes; Select Final Scheme 5. MP Final Presentation (In-Person) 6. Weekly progress check-ins with LQ team as desired Preliminary Design: 1. Preliminary Design Kick-Off - Establish Goals of Phase; Review Extent of Deliverables; Re-Confirm Scope 2. Preliminary Design Workshop #1 (In-Person) - Recap Goals and Confirm Schedule; Design/Systems Options 3. Preliminary Design Workshop #2 - Recap Goals and Confirm Schedule; Design/Systems Progress Updates 4. Preliminary Design Workshop #3 (In-Person) - Recap Goals and Confirm Schedule; Final Selection of Design/Systems 5. Final Presentation to Stakeholders 6. Presentation to Planning Commission (In-Person) 7. Meetings with Public Works, Fire Department, and Coachella Valley Water District as needed (In-Person) 8. Weekly or bi-weekly progress check-ins with LQ team as desired 126 In addition to the meetings listed above, HGA will facilitate incremental internal A/E team meetings for interdisciplinary coordination as necessary to complete the scope of services described herein. SUBMITTALS: The project will include the following milestone submissions: 1. Master Planning Report (Draft + Final) 2. 100% Preliminary Design Drawings and Specifications (Draft + Final) 3. Progress diagrams, plans, etc as needed to facilitate planning, design and engineering reviews with city agencies All milestone submissions will be digital unless noted otherwise. SCHEDULE: The following is HGA’s proposed schedule to complete the work described herein: 1. Master Planning – 3.5 Months 2. Preliminary Design – 4 Months (following LQ approval of MP and notice to proceed for PD phase) Se attached schedule exhibit for additional information. Efforts will be made by all parties and HGA to streamline these durations if possible. ASSUMPTIONS 1.All services shall be performed in accordance with the professional standard of care applicable to those who provide services of the type called for in the Agreement for projects of a scope and complexity comparable to the Project. Whenever a covenant or statement is made by Design Consultant in the Agreement or elsewhere concerning the services or deliverables to be provided by Design Consultant, such covenant or statement is made or agreed subject to the standard of care set forth in this paragraph. No express warranties concerning any matter or thing have been made by Design Consultant, and any implied warranties relating to services or work product of Architect are expressly disclaimed. 2. The owner shall provide the design team with all existing documentation including site surveys, site utility information, as-built site drawings, topographic maps, design standards, geotechnical evaluation reports, and all proposed or adopted development plans in the areas that will be addressed by this project. Survey work is excluded. 3. Geotechnical surveys are excluded. HGA consultants shall have no responsibility for the discovery, presence, handling, removal or disposal of or exposure of persons or property to hazardous materials or toxic substances in any form at the Project site. 4. Changes to the project scope requested by the owner that are contrary to previous steering committee/user group direction can be provided as an Additional Service to this scope. 127 5. Any consulting services other than the disciplines outlined in this proposal will be considered as additional services. 6. Presentation renderings, animations and presentation models in addition to those listed in this proposal will be considered additional. It is assumed that (4) 3D exterior-view renderings will be developed, in addition to diagrams and other supporting graphics to convey the proposed planning/design strategies. 7. CEQA-related services are not included. 8. Sustainable design measures will be explored; however, LEED registration/administration services are excluded. 9. Survey and documentation of existing project conditions is excluded. 10. Deliverables for the Master Planning phase will include a report that includes an executive summary; goals and visioning for the project; project context; proposed planning strategies; record of community outreach and feedback (incl Cahuilla Tribe); systems narratives (mechanical, electrical, plumbing, civil, structural, low voltage, lighting, sustainability); landscape narrative and diagrams; cost estimate and project schedule; meeting minutes 11. Deliverables for the Preliminary Design phase will include schematics-level drawings and specifications; updated cost estimate and project schedule; updated 3D renderings (assumed to be same views from planning phase); material/finish palettes 12. All deliverables are assumed to be digital, unless noted otherwise 13. The Tribal Liaison is assumed to make (2) visits to La Quinta for outreach and engagement with the Cahuilla community – each visit assumed to be (2) days maximum 14. The design team will facilitate in-person meetings no less than one per month; all other workshops, meetings, and community engagement will be virtual 15. Design services related to this effort will not extend beyond November 15, 2022 16. All services to be performed pursuant to the Standard Form of Design Consultant Services Agreement shall be performed in accordance with the professional standard of care applicable to those who provide services of the type called for in the Agreement for projects of a scope and complexity comparable to the Project. Whenever a covenant or statement is made by Design Consultant in the Agreement or elsewhere concerning the services or deliverables to be provided by Design Consultant, such covenant or statement is made or agreed subject to the standard of care set forth in this paragraph. No express warranties concerning any matter or thing have been made by Design Consultant, and any implied warranties relating to services or work product of Architect are expressly disclaimed. 17. Arborist assessment of existing trees or plants within the project site boundary is not included 18. Selection of art pieces to be included in any part of the project scope in not included. It is assumed that the City will provide HGA with all information needed to coordinate the provisions needed for any art pieces to be included in the project. 19. Seismic analysis for the existing Lumberyard structure in the Preliminary Design stage will include review of as-builts and visual assessment of the existing structure by the structural engineer, and identification of noted deficiencies and potential upgrade measures necessary for code compliance through written narrative, which will be used for the cost estimate. This effort will not include detailed structural calculations/modeling, which is recommended as part of the construction document phase to confirm and refine proposed seismic upgrade measures. The effort does not include seismic upgrades to the existing Museum or Casita structures. 128 Exhibit A Page 2 of 5 ADDENDUM TO AGREEMENT Re: Scope of Services If the Scope of Services include construction, alteration, demolition, installation, repair, or maintenance affecting real property or structures or improvements of any kind appurtenant to real property, the following apply: 1. Prevailing Wage Compliance. If Contracting Party is a contractor performing public works and maintenance projects, as described in this Section 1.3, Contracting Party shall comply with applicable Federal, State, and local laws. Contracting Party is aware of the requirements of California Labor Code Sections 1720, et seq., and 1770, et seq., as well as California Code of Regulations, Title 8, Sections 16000, et seq., (collectively, the “Prevailing Wage Laws”), and La Quinta Municipal Code Section 3.12.040, which require the payment of prevailing wage rates and the performance of other requirements on “Public works” and “Maintenance” projects. If the Services are being performed as part of an applicable “Public works” or “Maintenance” project, as defined by the Prevailing Wage Laws, and if construction work over twenty-five thousand dollars ($25,000.00) and/or alterations, demolition, repair or maintenance work over fifteen thousand dollars ($15,000.00) is entered into or extended on or after January 1, 2015 by this Agreement, Contracting Party agrees to fully comply with such Prevailing Wage Laws including, but not limited to, requirements related to the maintenance of payroll records and the employment of apprentices. Pursuant to California Labor Code Section 1725.5, no contractor or subcontractor may be awarded a contract for public work on a “Public works” project unless registered with the California Department of Industrial Relations (“DIR”) at the time the contract is awarded. If the Services are being performed as part of an applicable “Public works” or “Maintenance” project, as defined by the Prevailing Wage Laws, this project is subject to compliance monitoring and enforcement by the DIR. Contracting Party will maintain and will require all subcontractors to maintain valid and current DIR Public Works contractor registration during the term of this Agreement. Contracting Party shall notify City in writing immediately, and in no case more than twenty-four (24) hours, after receiving any information that Contracting Party’s or any of its subcontractor’s DIR registration status has been suspended, revoked, expired, or otherwise changed. It is understood that it is the responsibility of Contracting Party to determine the correct salary scale. Contracting Party shall make copies of the prevailing rates of per diem wages for each craft, classification, or type of worker needed to execute the Services available to interested parties upon request, and shall post copies at Contracting Party’s principal place of business and at the project site, if any. The statutory penalties for failure to pay prevailing wage or to comply with State wage and hour laws will be enforced. Contracting Party must forfeit to City TWENTY- 129 Exhibit A Page 3 of 5 FIVE DOLLARS ($25.00) per day for each worker who works in excess of the minimum working hours when Contracting Party does not pay overtime. In accordance with the provisions of Labor Code Sections 1810 et seq., eight (8) hours is the legal working day. Contracting Party also shall comply with State law requirements to maintain payroll records and shall provide for certified records and inspection of records as required by California Labor Code Section 1770 et seq., including Section 1776. In addition to the other indemnities provided under this Agreement, Contracting Party shall defend (with counsel selected by City), indemnify, and hold City, its elected officials, officers, employees, and agents free and harmless from any claim or liability arising out of any failure or alleged failure to comply with the Prevailing Wage Laws. It is agreed by the parties that, in connection with performance of the Services, including, without limitation, any and all “Public works” (as defined by the Prevailing Wage Laws), Contracting Party shall bear all risks of payment or non-payment of prevailing wages under California law and/or the implementation of Labor Code Section 1781, as the same may be amended from time to time, and/or any other similar law. Contracting Party acknowledges and agrees that it shall be independently responsible for reviewing the applicable laws and regulations and effectuating compliance with such laws. Contracting Party shall require the same of all subcontractors. 2. Retention. Payments shall be made in accordance with the provisions of Article 2.0 of the Agreement. In accordance with said Sections, City shall pay Contracting Party a sum based upon ninety-five percent (95%) of the Contract Sum apportionment of the labor and materials incorporated into the Services under this Agreement during the month covered by said invoice. The remaining five percent (5%) thereof shall be retained as performance security to be paid to Contracting Party within sixty (60) days after final acceptance of the Services by the City Council of City, after Contracting Party has furnished City with a full release of all undisputed payments under this Agreement, if required by City. In the event there are any claims specifically excluded by Contracting Party from the operation of the release, City may retain proceeds (per Public Contract Code § 7107) of up to one hundred fifty percent (150%) of the amount in dispute. City’s failure to deduct or withhold shall not affect Contracting Party’s obligations under the Agreement. 3. Utility Relocation. City is responsible for removal, relocation, or protection of existing main or trunk-line utilities to the extent such utilities were not identified in the invitation for bids or specifications. City shall reimburse Contracting Party for any costs incurred in locating, repairing damage not caused by Contracting Party, and removing or relocating such unidentified utility facilities. Contracting Party shall not be assessed liquidated 130 Exhibit A Page 4 of 5 damages for delay arising from the removal or relocation of such unidentified utility facilities. 4. Trenches or Excavations. Pursuant to California Public Contract Code Section 7104, in the event the work included in this Agreement requires excavations more than four (4) feet in depth, the following shall apply: (a) Contracting Party shall promptly, and before the following conditions are disturbed, notify City, in writing, of any: (1) material that Contracting Party believes may be material that is hazardous waste, as defined in Section 25117 of the Health and Safety Code, that is required to be removed to a Class I, Class II, or Class III disposal site in accordance with provisions of existing law; (2) subsurface or latent physical conditions at the site different from those indicated by information about the site made available to bidders prior to the deadline for submitting bids; or (3) unknown physical conditions at the site of any unusual nature, different materially from those ordinarily encountered and generally recognized as inherent in work of the character provided for in the Agreement. (b) City shall promptly investigate the conditions, and if it finds that the conditions do materially so differ, or do involve hazardous waste, and cause a decrease or increase in Contracting Party’s cost of, or the time required for, performance of any part of the work shall issue a change order per Section 1.8 of the Agreement. (c) in the event that a dispute arises between City and Contracting Party whether the conditions materially differ, or involve hazardous waste, or cause a decrease or increase in Contracting Party’s cost of, or time required for, performance of any part of the work, Contracting Party shall not be excused from any scheduled completion date provided for by this Agreement, but shall proceed with all work to be performed under this Agreement. Contracting Party shall retain any and all rights provided either by contract or by law which pertain to the resolution of disputes and protests between the contracting Parties. 5. Safety. Contracting Party shall execute and maintain its work so as to avoid injury or damage to any person or property. In carrying out the Services, Contracting Party shall at all times be in compliance with all applicable local, state, and federal laws, rules and regulations, and shall exercise all necessary precautions for the safety of employees appropriate to the nature of the work and the conditions under which the work is to be performed. Safety precautions as applicable shall include, but shall not be limited to: (A) adequate life protection and lifesaving equipment and procedures; (B) instructions in accident prevention for all employees and subcontractors, such as safe walkways, scaffolds, fall protection ladders, 131 Exhibit A Page 5 of 5 bridges, gang planks, confined space procedures, trenching and shoring, equipment and other safety devices, equipment and wearing apparel as are necessary or lawfully required to prevent accidents or injuries; and (C) adequate facilities for the proper inspection and maintenance of all safety measures. 6. Liquidated Damages. Since the determination of actual damages for any delay in performance of the Agreement would be extremely difficult or impractical to determine in the event of a breach of this Agreement, Contracting Party shall be liable for and shall pay to City the sum of One Thousand dollars ($1,000.00) as liquidated damages for each working day of delay in the performance of any of the Services required hereunder, as specified in the Schedule of Performance. In addition, liquidated damages may be assessed for failure to comply with the emergency call out requirements, if any, described in the Scope of Services. City may withhold from any moneys payable on account of the Services performed by Contracting Party any accrued liquidated damages. 132 Exhibit B Page 1 of 1 Exhibit B Schedule of Compensation With the exception of compensation for Additional Services, provided for in Section 2.3 of this Agreement, the maximum total compensation to be paid to Contracting Party under this Agreement is not to exceed Four Hundred Fifty- Seven Thousand Three Hundred Dollars ($ 457,300.00) (“Contract Sum”). The Contract Sum shall be paid to Contracting Party in installment payments made on a monthly basis and in an amount identified in Contracting Party’s schedule of compensation attached hereto for the work tasks performed and properly invoiced by Contracting Party in conformance with Section 2.2 of this Agreement. 133 FEES For the efforts described above, the fees proposed are as noted below, and have been calculated on a stipulated sum basis as follows: PHASE 1 – Master Planning $ 172,300 PHASE 2 – Preliminary Design $ 275,000 TOTAL $ 447,300 (Four Hundred Forty-Seven Thousand, Three Hundred Dollars) Reimbursable Expenses $ 10,000 (NTE) Reimbursable project-related expenses include design team travel for project meetings. Sincerely, cc: Christina Delgado, Project Manager - HGA TOTAL $ 457,300 134 La Quinta Cultural CampusDesign Fee Breakdown by Phase / Discipline16 Weeks18 WeeksDesign Discipline / Role Hours SubTotal Hours SubTotal TOTALArchitectural116$21,500718 $132,750$154,250Planning476 $87,50012 $2,250$89,750Landscape55 $9,000142 $23,500$32,500Civil38 $6,45070 $12,000$18,450Lighting18 $2,90032 $5,000$7,900Electrical33 $5,950124 $22,250$28,200Plumbing22 $3,75081 $14,000$17,750Mechanical24 $4,250112 $20,000$24,250Structural14 $2,60098 $18,000$20,600Cost Estimating45 $7,70078 $13,250$20,950Low Voltage19 $3,20056 $9,500$12,700Tribal Liaison109 $17,50016 $2,500$20,000TOTAL969$172,3001539$275,000Master PlanningPreliminary DesignXHIBIT 3135 Exhibit C Page 1 of 1 Exhibit C Schedule of Performance Contracting Party shall complete all services identified in the Scope of Services, Exhibit A of this Agreement, in accordance with the Project Schedule, attached hereto and incorporated herein by this reference. 136 ID Task Name Duration Start Finish 1 Phase 1 - Cultural Campus Master Plan 75 days Tue 2/1/22 Mon 5/16/22 2 Project Kick-Off / Visioning Session - All Groups 1 day Tue 2/1/22 Tue 2/1/22 3 Research / Investigation - Existing Conditions 10 days Wed 2/2/22 Tue 2/15/22 4 Planning Workshop #1 - All Groups (Separate Sessions)2 days Wed 2/16/22 Thu 2/17/22 5 HGA Prepares Options / Variations 14 days Wed 2/16/22 Mon 3/7/22 6 Planning Workshop #2 - All Groups (Separate Sessions)2 days Tue 3/8/22 Wed 3/9/22 7 HGA Prepares Options / Variations 15 days Thu 3/10/22 Wed 3/30/22 8 Planning Workshop #3 - All Groups (Separate Sessions)2 days Thu 3/10/22 Fri 3/11/22 9 HGA Prepares Final Options / Variations 20 days Thu 3/17/22 Wed 4/13/22 10 Master Plan Final Presentation and Issue Report 2 days Fri 4/22/22 Mon 4/25/22 11 Owner Review of Report 10 days Tue 4/26/22 Mon 5/9/22 12 HGA Revise Report and Issue Final 5 days Tue 5/10/22 Mon 5/16/22 13 Phase 2 - Preliminary Design 84 days Tue 5/17/22 Fri 9/9/22 14 Project Kick-Off / Revisit Guiding Principles - All Groups 1 day Tue 5/17/22 Tue 5/17/22 15 HGA Initial Prep for Prelim Options / Considerations 10 days Wed 5/18/22 Tue 5/31/22 16 Design Workshop #1 - All Groups (Separate Sessions)2 days Wed 6/1/22 Thu 6/2/22 17 HGA Prepares Options / Variations 14 days Wed 6/1/22 Mon 6/20/22 18 Maintenance and Operations Review 1 day Tue 6/21/22 Tue 6/21/22 19 Design Workshop #2 - All Groups (Separate Sessions)2 days Wed 6/22/22 Thu 6/23/22 20 HGA Develops Selected Design Scheme 15 days Fri 6/24/22 Thu 7/14/22 21 Design Workshop #3 - All Groups (Separate Sessions)2 days Fri 6/24/22 Mon 6/27/22 22 HGA Prepares Final Presentation and Deliverables 25 days Fri 7/1/22 Thu 8/4/22 23 HGA Issues Draft Prelim Design Drawing Set and Visualization 0 days Thu 8/4/22 Thu 8/4/22 24 Owner Review of Draft Deliverables / Provide Comments 10 days Fri 8/5/22 Thu 8/18/22 25 Preliminary Design Final Presentation to Stakeholders 2 days Mon 8/29/22 Tue 8/30/22 26 Presentation to Planning Commission 1 day Fri 9/9/22 Fri 9/9/22 27 Phase 3 - Working Drawings (TBD)100 days Mon 9/26/22 Fri 2/10/23 Phase 1 - Cultural Campus Master Plan Project Kick-Off / Visioning Session - All Groups Research / Investigation - Existing Conditions Planning Workshop #1 - All Groups (Separate Sessions) HGA Prepares Options / Variations Planning Workshop #2 - All Groups (Separate Sessions) HGA Prepares Options / Variations Planning Workshop #3 - All Groups (Separate Sessions) HGA Prepares Final Options / Variations Master Plan Final Presentation and Issue Report Owner Review of Report HGA Revise Report and Issue Final Phase 2 - Preliminary Design Project Kick-Off / Revisit Guiding Principles - All Groups HGA Initial Prep for Prelim Options / Considerations Design Workshop #1 - All Groups (Separate Sessions) HGA Prepares Options / Variations Maintenance and Operations Review Design Workshop #2 - All Groups (Separate Sessions) HGA Develops Selected Design Scheme Design Workshop #3 - All Groups (Separate Sessions) HGA Prepares Final Presentation and Deliverables HGA Issues Draft Prelim Design Drawing Set and Visualization Owner Review of Draft Deliverables / Provide Comments Preliminary Design Final Presentation to Stakeholders Presentation to Planning Commission Phase 3 - Working Drawings (TBD) 212427302581114172023262914710131619222528369121518212427302581114172023262925811141720232629147101316192225281471013161922252831369121518212427302581114172023262925811141720232629147101316192225281471013161922252831369121518212427302581114172023261471013161922252831369121518212427303 December 2021January 2022February 2022March 2022April 2022May 2022June 2022July 2022August 2022September 2022October 2022November 2022December 2022January 2023February 2023March 2023April 2023M Qtr 1, 2022 Qtr 2, 2022 Qtr 3, 2022 Qtr 4, 2022 Qtr 1, 2023 Qtr 2, 202 La Quinta Cultural Campus Project Schedule 137 Exhibit D Page 1 of 1 Exhibit D Special Requirements None. 138 Exhibit E Page 1 of 6 Exhibit E Insurance Requirements E.1 Insurance. Prior to the beginning of and throughout the duration of this Agreement, the following policies shall be maintained and kept in full force and effect providing insurance with minimum limits as indicated below and issued by insurers with A.M. Best ratings of no less than A-VI: Commercial General Liability (at least as broad as ISO CG 0001) $1,000,000 (per occurrence) $2,000,000 (general aggregate) Must include the following endorsements: General Liability Additional Insured General Liability Primary and Non-contributory Commercial Auto Liability (at least as broad as ISO CA 0001) $1,000,000 (per accident) Personal Auto Declaration Page if applicable Errors and Omissions Liability $1,000,000 (per claim and aggregate) Workers’ Compensation (per statutory requirements) Must include the following endorsements: Workers Compensation with Waiver of Subrogation Workers Compensation Declaration of Sole Proprietor if applicable Contracting Party shall procure and maintain, at its cost, and submit concurrently with its execution of this Agreement, Commercial General Liability insurance against all claims for injuries against persons or damages to property resulting from Contracting Party’s acts or omissions rising out of or related to Contracting Party’s performance under this Agreement. The insurance policy shall contain a severability of interest clause providing that the coverage shall be primary for losses arising out of Contracting Party’s performance hereunder and neither City nor its insurers shall be required to contribute to any such loss. An endorsement evidencing the foregoing and naming the City and its officers and employees as additional insured (on the Commercial General Liability policy only) must be submitted concurrently with the execution of this Agreement and approved by City prior to commencement of the services hereunder. Contracting Party shall carry automobile liability insurance of $1,000,000 per accident against all claims for injuries against persons or 139 Exhibit E Page 2 of 6 damages to property arising out of the use of any automobile by Contracting Party, its officers, any person directly or indirectly employed by Contracting Party, any subcontractor or agent, or anyone for whose acts any of them may be liable, arising directly or indirectly out of or related to Contracting Party’s performance under this Agreement. If Contracting Party or Contracting Party’s employees will use personal autos in any way on this project, Contracting Party shall provide evidence of personal auto liability coverage for each such person. The term “automobile” includes, but is not limited to, a land motor vehicle, trailer or semi-trailer designed for travel on public roads. The automobile insurance policy shall contain a severability of interest clause providing that coverage shall be primary for losses arising out of Contracting Party’s performance hereunder and neither City nor its insurers shall be required to contribute to such loss. Professional Liability or Errors and Omissions Insurance as appropriate shall be written on a policy form coverage specifically designed to protect against acts, errors or omissions of the Contracting Party and “Covered Professional Services” as designated in the policy must specifically include work performed under this agreement. The policy limit shall be no less than $1,000,000 per claim and in the aggregate. The policy must “pay on behalf of” the insured and must include a provision establishing the insurer’s duty to defend. The policy retroactive date shall be on or before the effective date of this agreement. Contracting Party shall carry Workers’ Compensation Insurance in accordance with State Worker’s Compensation laws with employer’s liability limits no less than $1,000,000 per accident or disease. If coverage is maintained on a claims-made basis, Contracting Party shall maintain such coverage for an additional period of three (3) years following termination of the contract. Contracting Party shall provide written notice to City within ten (10) working days if: (1) any of the required insurance policies is terminated; (2) the limits of any of the required polices are reduced; or (3) the deductible or self-insured retention is increased. In the event any of said policies of insurance are cancelled, Contracting Party shall, prior to the cancellation date, submit new evidence of insurance in conformance with this Exhibit to the Contract Officer. The procuring of such insurance or the delivery of policies or certificates evidencing the same shall not be construed as a limitation of Contracting Party’s obligation to indemnify City, its officers, employees, contractors, subcontractors, or agents. E.2 Remedies. In addition to any other remedies City may have if Contracting Party fails to provide or maintain any insurance policies or policy 140 Exhibit E Page 3 of 6 endorsements to the extent and within the time herein required, City may, at its sole option: a. Obtain such insurance and deduct and retain the amount of the premiums for such insurance from any sums due under this Agreement. b. Order Contracting Party to stop work under this Agreement and/or withhold any payment(s) which become due to Contracting Party hereunder until Contracting Party demonstrates compliance with the requirements hereof. c. Terminate this Agreement. Exercise any of the above remedies, however, is an alternative to any other remedies City may have. The above remedies are not the exclusive remedies for Contracting Party’s failure to maintain or secure appropriate policies or endorsements. Nothing herein contained shall be construed as limiting in any way the extent to which Contracting Party may be held responsible for payments of damages to persons or property resulting from Contracting Party’s or its subcontractors’ performance of work under this Agreement. E.3 General Conditions Pertaining to Provisions of Insurance Coverage by Contracting Party. Contracting Party and City agree to the following with respect to insurance provided by Contracting Party: 1. Contracting Party agrees to have its insurer endorse the third party general liability coverage required herein to include as additional insureds City, its officials, employees, and agents, using standard ISO endorsement No. CG 2010 with an edition prior to 1992. Contracting Party also agrees to require all contractors, and subcontractors to do likewise. 2. No liability insurance coverage provided to comply with this Agreement shall prohibit Contracting Party, or Contracting Party’s employees, or agents, from waiving the right of subrogation prior to a loss. Contracting Party agrees to waive subrogation rights against City regardless of the applicability of any insurance proceeds, and to require all contractors and subcontractors to do likewise. 3. All insurance coverage and limits provided by Contracting Party and available or applicable to this Agreement are intended to apply to the full extent of the policies. Nothing contained in this Agreement or any other agreement relating to City or its operations limits the application of such insurance coverage. 141 Exhibit E Page 4 of 6 4. None of the coverages required herein will be in compliance with these requirements if they include any limiting endorsement of any kind that has not been first submitted to City and approved of in writing. 5. No liability policy shall contain any provision or definition that would serve to eliminate so-called “third party action over” claims, including any exclusion for bodily injury to an employee of the insured or of any contractor or subcontractor. 6. All coverage types and limits required are subject to approval, modification and additional requirements by the City, as the need arises. Contracting Party shall not make any reductions in scope of coverage (e.g. elimination of contractual liability or reduction of discovery period) that may affect City’s protection without City’s prior written consent. 7. Proof of compliance with these insurance requirements, consisting of certificates of insurance evidencing all the coverages required and an additional insured endorsement to Contracting Party’s general liability policy, shall be delivered to City at or prior to the execution of this Agreement. In the event such proof of any insurance is not delivered as required, or in the event such insurance is canceled at any time and no replacement coverage is provided, City has the right, but not the duty, to obtain any insurance it deems necessary to protect its interests under this or any other agreement and to pay the premium. Any premium so paid by City shall be charged to and promptly paid by Contracting Party or deducted from sums due Contracting Party, at City option. 8. It is acknowledged by the parties of this agreement that all insurance coverage required to be provided by Contracting Party or any subcontractor, is intended to apply first and on a primary, non-contributing basis in relation to any other insurance or self-insurance available to City. 9. Contracting Party agrees to ensure that subcontractors, and any other party involved with the project that is brought onto or involved in the project by Contracting Party, provide the same minimum insurance coverage required of Contracting Party. Contracting Party agrees to monitor and review all such coverage and assumes all responsibility for ensuring that such coverage is provided in conformity with the requirements of this section. Contracting Party agrees that upon request, all agreements with subcontractors and others engaged in the project will be submitted to City for review. 10. Contracting Party agrees not to self-insure or to use any self- insured retentions or deductibles on any portion of the insurance required herein (with the exception of professional liability coverage, if required) and 142 Exhibit E Page 5 of 6 further agrees that it will not allow any contractor, subcontractor, Architect, Engineer or other entity or person in any way involved in the performance of work on the project contemplated by this agreement to self-insure its obligations to City. If Contracting Party’s existing coverage includes a deductible or self-insured retention, the deductible or self-insured retention must be declared to the City. At that time the City shall review options with the Contracting Party, which may include reduction or elimination of the deductible or self-insured retention, substitution of other coverage, or other solutions. 11. The City reserves the right at any time during the term of this Agreement to change the amounts and types of insurance required by giving the Contracting Party ninety (90) days advance written notice of such change. If such change results in substantial additional cost to the Contracting Party, the City will negotiate additional compensation proportional to the increased benefit to City. 12. For purposes of applying insurance coverage only, this Agreement will be deemed to have been executed immediately upon any party hereto taking any steps that can be deemed to be in furtherance of or towards performance of this Agreement. 13. Contracting Party acknowledges and agrees that any actual or alleged failure on the part of City to inform Contracting Party of non- compliance with any insurance requirement in no way imposes any additional obligations on City nor does it waive any rights hereunder in this or any other regard. 14. Contracting Party will renew the required coverage annually as long as City, or its employees or agents face an exposure from operations of any type pursuant to this agreement. This obligation applies whether the agreement is canceled or terminated for any reason. Termination of this obligation is not effective until City executes a written statement to that effect. 15. Contracting Party shall provide proof that policies of insurance required herein expiring during the term of this Agreement have been renewed or replaced with other policies providing at least the same coverage. Proof that such coverage has been ordered shall be submitted prior to expiration. A coverage binder or letter from Contracting Party’s insurance agent to this effect is acceptable. A certificate of insurance and an additional insured endorsement is required in these specifications applicable to the renewing or new coverage must be provided to City within five (5) days of the expiration of coverages. 143 Exhibit E Page 6 of 6 16. The provisions of any workers’ compensation or similar act will not limit the obligations of Contracting Party under this agreement. Contracting Party expressly agrees not to use any statutory immunity defenses under such laws with respect to City, its employees, officials, and agents. 17. Requirements of specific coverage features, or limits contained in this section are not intended as limitations on coverage, limits or other requirements nor as a waiver of any coverage normally provided by any given policy. Specific reference to a given coverage feature is for purposes of clarification only as it pertains to a given issue and is not intended by any party or insured to be limiting or all-inclusive. 18. These insurance requirements are intended to be separate and distinct from any other provision in this Agreement and are intended by the parties here to be interpreted as such. 19. The requirements in this Exhibit supersede all other sections and provisions of this Agreement to the extent that any other section or provision conflicts with or impairs the provisions of this Exhibit. 20. Contracting Party agrees to be responsible for ensuring that no contract used by any party involved in any way with the project reserves the right to charge City or Contracting Party for the cost of additional insurance coverage required by this agreement. Any such provisions are to be deleted with reference to City. It is not the intent of City to reimburse any third party for the cost of complying with these requirements. There shall be no recourse against City for payment of premiums or other amounts with respect thereto. 21. Contracting Party agrees to provide immediate notice to City of any claim or loss against Contracting Party arising out of the work performed under this agreement. City assumes no obligation or liability by such notice, but has the right (but not the duty) to monitor the handling of any such claim or claims if they are likely to involve City. 144 Exhibit F Page 1 of 3 Exhibit F Indemnification F.1 Indemnity for the Benefit of City. a. Indemnification for Professional Liability. When the law establishes a professional standard of care for Contracting Party’s Services, to the fullest extent permitted by law, Contracting Party shall indemnify, protect, defend (with counsel selected by City), and hold harmless City and any and all of its officials, employees, and agents (“Indemnified Parties”) from and against any and all claims, losses, liabilities of every kind, nature, and description, damages, injury (including, without limitation, injury to or death of an employee of Contracting Party or of any subcontractor), costs and expenses of any kind, whether actual, alleged or threatened, including, without limitation, incidental and consequential damages, court costs, attorneys’ fees, litigation expenses, and fees of expert consultants or expert witnesses incurred in connection therewith and costs of investigation, to the extent same are caused in whole or in part by any negligent or wrongful act, error or omission of Contracting Party, its officers, agents, employees or subcontractors (or any entity or individual that Contracting Party shall bear the legal liability thereof) in the performance of professional services under this agreement. With respect to the design of public improvements, the Contracting Party shall not be liable for any injuries or property damage resulting from the reuse of the design at a location other than that specified in Exhibit A without the written consent of the Contracting Party. b. Indemnification for Other Than Professional Liability. Other than in the performance of professional services and to the full extent permitted by law, Contracting Party shall indemnify, defend (with counsel selected by City), and hold harmless the Indemnified Parties from and against any liability (including liability for claims, suits, actions, arbitration proceedings, administrative proceedings, regulatory proceedings, losses, expenses or costs of any kind, whether actual, alleged or threatened, including, without limitation, incidental and consequential damages, court costs, attorneys’ fees, litigation expenses, and fees of expert consultants or expert witnesses) incurred in connection therewith and costs of investigation, where the same arise out of, are a consequence of, or are in any way attributable to, in whole or in part, the performance of this Agreement by Contracting Party or by any individual or entity for which Contracting Party is legally liable, including but not limited to officers, agents, employees, or subcontractors of Contracting Party. c. Indemnity Provisions for Contracts Related to Construction (Limitation on Indemnity). Without affecting the rights of City under any 145 Exhibit F Page 2 of 3 provision of this agreement, Contracting Party shall not be required to indemnify and hold harmless City for liability attributable to the active negligence of City, provided such active negligence is determined by agreement between the parties or by the findings of a court of competent jurisdiction. In instances where City is shown to have been actively negligent and where City’s active negligence accounts for only a percentage of the liability involved, the obligation of Contracting Party will be for that entire portion or percentage of liability not attributable to the active negligence of City. d. Indemnification Provision for Design Professionals. 1. Applicability of this Section F.1(d). Notwithstanding Section F.1(a) hereinabove, the following indemnification provision shall apply to a Contracting Party who constitutes a “design professional” as the term is defined in paragraph 3 below. 2. Scope of Indemnification. When the law establishes a professional standard of care for Contracting Party’s Services, to the fullest extent permitted by law, Contracting Party shall indemnify and hold harmless City and any and all of its officials, employees, and agents (“Indemnified Parties”) from and against any and all losses, liabilities of every kind, nature, and description, damages, injury (including, without limitation, injury to or death of an employee of Contracting Party or of any subcontractor), costs and expenses, including, without limitation, incidental and consequential damages, court costs, reimbursement of attorneys’ fees, litigation expenses, and fees of expert consultants or expert witnesses incurred in connection therewith and costs of investigation, to the extent same are caused by any negligent or wrongful act, error or omission of Contracting Party, its officers, agents, employees or subcontractors (or any entity or individual that Contracting Party shall bear the legal liability thereof) in the performance of professional services under this agreement. With respect to the design of public improvements, the Contracting Party shall not be liable for any injuries or property damage resulting from the reuse of the design at a location other than that specified in Exhibit A without the written consent of the Contracting Party. 3. Design Professional Defined. As used in this Section F.1(d), the term “design professional” shall be limited to licensed architects, registered professional engineers, licensed professional land surveyors and landscape architects, all as defined under current law, and as may be amended from time to time by Civil Code § 2782.8. F.2 Obligation to Secure Indemnification Provisions. Contracting Party agrees to obtain executed indemnity agreements with provisions 146 Exhibit F Page 3 of 3 identical to those set forth herein this Exhibit F, as applicable to the Contracting Party, from each and every subcontractor or any other person or entity involved by, for, with or on behalf of Contracting Party in the performance of this Agreement. In the event Contracting Party fails to obtain such indemnity obligations from others as required herein, Contracting Party agrees to be fully responsible according to the terms of this Exhibit. Failure of City to monitor compliance with these requirements imposes no additional obligations on City and will in no way act as a waiver of any rights hereunder. This obligation to indemnify and defend City as set forth in this Agreement are binding on the successors, assigns or heirs of Contracting Party and shall survive the termination of this Agreement. 147 ATTACHMENT 3 ATTACHMENT 3149 City of La Quinta CITY COUNCIL MEETING: March 1, 2022 STAFF REPORT AGENDA TITLE: DISCUSS SHORT-TERM VACATION RENTAL PROGRAM 2021 CHARACTERISTICS, COMPLIANCE AND ENFORCEMENT OVERVIEW; CURRENT AND FUTURE OBJECTIVES AND INITIATIVES; AND CITIZENS’ MEASURE INITIATIVE UPDATE RECOMMENDATION Discuss the Short-Term Vacation Rental program 2021 characteristics, compliance and enforcement overview; current and future objectives and initiatives; and citizens’ measure initiative update. EXECUTIVE SUMMARY  On May 20, 2021, Section 3.25.055 of the La Quinta Municipal Code (LQMC) established a permanent ban on the issuance of new short-term vacation rental (STVR) permits in residential areas (Permit Ban), unless the property is located within an “exempt” area depicted on the map in Attachment 1.  New permits have not been issued outside of exempt areas since August 4, 2020; existing permit-holders in Permit Ban areas may renew permits, but permits cannot be transferred.  Throughout 2021, the number of permits and STVR density in Permit Ban areas declined by 19.38% due to the Permit Ban combined with attrition related to home sales and non-renewals.  A citizens’ initiative petition is currently being circulated to phase-out and permanently ban non-hosted STVRs in non-exempt areas by January 1, 2025. FISCAL IMPACT – None BACKGROUND/ANALYSIS The City imposed a moratorium on the issuance of new STVR permits on August 4, 2020 via Executive Order No. 10, and extended it in succeeding amendments. Section 3.25.055 of the LQMC established a permanent Permit Ban on the issuance of new STVR permits in residential areas (Permit Ban areas) effective May 20, 2021. Permit-holders may renew existing permits, but permits cannot be transferred. STUDY SESSION ITEM NO. 1 149 The issuance of new STVR permits is banned in Permit Ban areas, and no new permits have been issued since August 4, 2020. New permits continue to be issued in a few select “Exempt Areas” zoned for tourist commercial, village commercial, and communities expressly developed to allow STVRs, as depicted on the map in Attachment 1. In 2021, the City began reporting enhanced analytics related to the STVR program. A summary report of the STVR program characteristics, STVR permits and density decline, and increased compliance was presented to Council on December 7, 2021, and encompassed the first three quarters of 2021. STVR Program Characteristics – December 2021 The City’s STVR program consisted of 1,165 active permits as of December 2021. Figure 1 Figure 2 22 63 1,080 0 200 400 600 800 1,000 1,200 Homeshares Primary Residence General Permits December 2021 STVR Permits by Type 1,320 1,283 1,257 1,238 1,235 1,216 1,185 1,185 1,181 1,186 1,184 1,165 1,050 1,100 1,150 1,200 1,250 1,300 1,350 JAN‐21 FEB‐21 MAR‐21 APR‐21 MAY‐21 JUN‐21 JUL‐21 AUG‐21 SEP‐21 OCT‐21 NOV‐21 DEC‐21 2021 STVR Permits Citywide 150 Table 1 below lists the number of STVR permits for each area along with the total number of approved parcels for 2021. The City’s total STVR permits have gradually declined each month due to the Permit Ban combined with attrition related to home sales and non-renewals. Table 1 Within the residential Permit Ban areas, as of December 2021, active STVR permits have collectively declined 19.38% (from 1,037 to 836) since January 2021: Permit Ban Area Permits Density % Change since Jan ‘21 North La Quinta 112 4.4% -18.25% Mid La Quinta 118 11.5% -15.71% The Cove 252 5.3% -13.70% South La Quinta (PGA West) 354 11.6% -24.36% Totals 836 7.4% -19.38% Figure 3 below depicts the number of STVR permits within each area for 2021. Figure 3 137 130 124 118 118 115 114 112 112 112 112 112 140 135 132 132 130 127 122 122 121 122 122 118 292 282 276 270 268 263 261 259 258 258 256 252 468 453 438 428 420 407 382 379 375 372 370 354 1,037 1,000 970 948 936 912 879 872 866 864 860 836 JAN‐21 FEB‐21 MAR‐21 APR‐21 MAY‐21 JUN‐21 JUL‐21 AUG‐21 SEP‐21 OCT‐21 NOV‐21 DEC‐21 STVR Permits in Banned Areas 19.4% Decline in 2021 North La Quinta Mid La Quinta The Cove South La Quinta (PGA West) 151 STVR density is calculated as a percentage by dividing the number of STVR permits by the number of developed parcels within each area, as listed in Table 1 above. Figure 4 below shows that density in residential Permit Ban areas collectively decreased in 2021 from 9.14% to 7.4%: Figure 4 Figure 5 further depicts the gradual density changes for each residential Permit Ban area throughout 2021: Figure 5 STVR Program Compliance Overview The City’s STVR program consists of several interdependent activities such as permitting, licensing, tax collection, and compliance. This section of the Staff Report focuses on specific compliance functions, which include managing complaints, conducting investigations, and enforcement (violations, citations, and suspensions). 9.14%8.81%8.55%8.36%8.25%8.04%7.75%7.69%7.63%7.62%7.58%7.4% JAN‐21 FEB‐21 MAR‐21 APRI‐21 MAY‐21 JUN‐21 JUL‐21 AUG‐21 SEP‐21 OCT‐21 NOV‐21 DEC‐21 Density in STVR Banned Areas STVR Permit Ban Areas 5.3%5.1%4.8%4.6% 4.6%4.5%4.4%4.4% 4.4% 4.4% 4.4% 4.4% 13.7%13.2%12.9% 12.9%12.7%12.4%11.9% 11.9%11.8%11.9% 11.9%11.5% 6.2%6.0%5.9%5.7%5.7%5.6%5.5%5.5%5.5% 5.5%5.4%5.3% 15.4%14.9%14.4%14.1%13.8%13.4% 12.6%12.5%12.3%12.2%12.2%11.6% JAN‐21 FEB‐21 MAR‐21 APRI‐21 MAY‐21 JUN‐21 JUL‐21 AUG‐21 SEP‐21 OCT‐21 NOV‐21 DEC‐21 Density in STVR Banned Areas North La Quinta Mid La Quinta The Cove South La Quinta (PGA West) 152 On January 15, 2021, the City implemented several code changes to enhance the STVR program’s compliance tools and increase fines. Subsequently overall compliance has increased while disturbance complaints have decreased. STVR compliance activities are separated into one of two categories:  Disturbance – the majority of disturbance compliance activities are due to noise, generally caused by large events or gatherings, children running/screaming/laughing, popping balloons, construction, slamming doors, etc. Other complaints include excessive parking; bright lights; trash; unsecured pool access; unmaintained yard, etc.  Administrative – the overwhelming majority of administrative compliance matters are related to operating/advertising without a STVR permit or business license, or failure to display STVR permit on listings. Others include incorrect or missing occupancy limit advertised on listings; failure to report/remit transient occupancy tax, etc. Figures 6 and 7 below, depict citywide STVR complaints throughout 2021. Of note:  Complaints peaked at 348 in Q-2 (April-June) and steadily declined by 75.57% to a total of 85 complaints in Q-4 (October-December).  Unpermitted complaints became a relative majority of complaints in the 2nd half of 2021: Q-1 Q-2 Q-3 Q-4 Permitted STVRs 59.3% 53.4% 40.1% 44.7% Unpermitted STVRs 40.7% 46.6% 59.9% 55.3% o Throughout Q-1 and Q-2, 41% of complaints were for unpermitted properties. o Throughout Q-3 and Q-4, 60% of complaints were for unpermitted properties.  Citywide complaints declined significantly in the 2nd half of 2021: o Between Q-2 and Q-3, excluding one-time submission of 145 vendor generated complaints in July, the remaining 149 community/City-generated complaints reflect a 57% decrease in complaints between the Q-2 and Q-3. o Using the same assumption (excluding the one-time July submission), complaints decreased an additional 42.9% between the Q-3 and Q-4. 153 Figure 6 categorizes complaints by permitted and unpermitted STVR properties: Figure 6 Figure 7 depicts citywide complaints for each area: Figure 7 192 186 118 38 132 162 176 47 324 348 294 85 0 50 100 150 200 250 300 350 400 Q‐1Q‐2Q‐3Q‐4 2021 STVR Complaints Citywide Permitted STVRs Unpermitted STVRs 7 13 21 599 26 8 92 107 69 13 120 81 68 19 19 23 29 9 77 115 81 31 324 348 294 85 Q‐1Q‐2Q‐3Q‐4 2021 STVR Complaints Citywide by Area North La Quinta Mid La Quinta The Cove South La Quinta (PGA West) STVR Exempt Areas HOA Legacy 154 Enforcement Figures 8 and 9 below depict quarterly STVR-related citations for 2021. Of note:  Similar to the complaints trendline, citations peaked at 86 in Q-2 (April-June) and steadily declined 82.55% to a total of 15 complaints by Q-4 (October- December).  Similar to the complaints trendline, the relative percentage of unpermitted citations increased throughout 2021: Q-1 Q-2 Q-3 Q-4 Permitted Citations 39.0% 33.7% 33.3% 20.0% Unpermitted Citations 61.0% 66.3% 66.7% 80.0% o 65% of all 2021 citations were issued to unpermitted STVR properties, as depicted in Figure 8 below. o 70% of all 2021 citations were issued for administrative matters, as depicted in Figure 9 below (as defined earlier in this report – primarily for operating/advertising without a STVR permit or business license, or failure to display STVR permit on listings). Figure 8 30 29 20 3 47 57 40 12 77 86 60 15 Q‐1Q‐2Q‐3Q‐4 2021 Quarterly STVR Citations Permitted & Unpermitted Permitted Citations Unpermitted Citations 155 Figure 9 Figure 10 includes unpermitted compliance activities for comparison with permitted STVR properties. Figure 10 For the month of December, less than 0.8% of permitted STVR properties received complaints and were subject to any enforcement action, including zero suspensions, which both reflect the lowest levels for 2021: JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC 7.05% 3.51% 4.30% 5.17% 6.88% 3.04% 5.82% 2.62% 1.52% 1.10% 1.35% 0.77% Figure 11: Monthly percentage of STVR Permitted Properties with complaints and/or enforcement action in 2021. 52 56 45 13253015 2 77 86 60 15 Q‐1Q‐2Q‐3Q‐4 2021 Quarterly STVR Citations Administrative Vs. Disturbance Administrative Disturbance 78 50 50 39 48 34 58 24 22 16 16 10 48 25 52 61 55 42 120 52 73 36 20 11 1,320 1,283 1,257 1,238 1,235 1,216 1,185 1,185 1,181 1,186 1,184 1,165 1,050 1,100 1,150 1,200 1,250 1,300 1,350 0 20 40 60 80 100 120 140 JAN‐21 FEB‐21 MAR‐21 APR‐21 MAY‐21 JUN‐21 JUL‐21 AUG‐21 SEP‐21 OCT‐21 NOV‐21 DEC‐21 2021 STVR Permits Citywide Permitted Properties w/Complaints, Notices, Citations, Suspensions Unpermitted Properties w/Complaints, Notices, Citations Permitted STRs 156 Taxes, Fees, and STVR Program Costs Table 2 provides an overview of annual STVR program revenues between 2019- 2021. Of note:  Despite declining STVR permits, TOT revenues continued to increase in 2021.  Citation Fine collections spiked 2020-21 in correlation with enhanced enforcement tools but are expected to decrease in 2022 as overall compliance increases.  Permit/licensing fees and fine collections were sufficient to cover STVR program operational costs in 2021 and are projected to be sufficient for 2022. * Citation Fine Collections revenue list collections current as of 1/25/2022 Table 2 Table 3 depicts TOT revenues for each area for the 2nd half of 2021:  Permit Ban areas generated 82.65% of STVR TOT revenues ($2,341,271.09).  Exempt areas generated 17.35% of STVR TOT revenues ($491,452.96). *TOT revenue list collections current as of February 2022 Table 3 157 Citizens’ Initiative Petition On January 12, 2022, a citizens’ intent to circulate a petition was filed with the City, proposing an ordinance to amend the La Quinta Municipal Code (Code) to phase-out and permanently ban non-hosted STVRs in non-exempt areas by January 1, 2025. To date, all filings have been timely submitted, and the proponents have 180 days from January 27, 2022, to obtain the requisite number of signatures (10% of the registered voters) to qualify the proposed measure initiative for the ballot. Pursuant to California Elections Code § 9212, during the circulation of the petition, the City Council may refer the proposed measure initiative to a city agency or agencies to prepare a report evaluating its potential impacts. Based on the nature of the measure initiative, Staff submits the following report areas for consideration:  Fiscal impact: projected impact to TOT and STVR program management costs.  Projected economic impact:  Visitor spending  Personal income  Employment  Local tax revenues  Survey of outcomes in jurisdictions in which STVRs have been banned, actively regulated, or remain unregulated:  Property values  Illicit or “black market” STVRs  Residential development  Housing availability and rents  Survey(s) to understand the demographics and/or sentiment of impacted business owners, operators, and stakeholders. Staff seeks directions if the report should be contemplated at this time, and if so, the scope of the report’s criteria and preferred timeline. Prepared by: Monika Radeva, City Clerk Approved by: Jon McMillen, City Manager Attachment: 1. STVR Banned and Exempt Areas Map 158 (6 (5 (3 (2 (8 (4 (10 (9 (1 (7 (11 SH-111 MADISON ST54TH AVEWASHINGTON ST48TH AVE EISENHOWER DR52ND AVE JEFFERSON STMILES AVE AIRPORT BLVAVENIDA CARRANZA58TH AVE FRED WARING DR 50TH AVE AVENIDA BERMUDASMONROE STFRED WARING DR 50TH AVE JEFFERSON STJEFFERSON ST58TH AVE EISENHOWER DR 58TH AVE ¯ 0 0.45 0.9 1.35 1.80.225 Miles STVR Exempt STVR_exempt_zone North La Quinta Cove Mid La Quinta South La Quinta City Boundary Id name zoning 1 Homewood Suites (La Quinta Desert Villas - Center Pointe) Tourist Commercial (TC) District 2 Legacy Villas Tourist Commercial (TC) District & Development Agreement 3 La Quinta Resort including Spa & Tennis Villas Tourist Commercial (TC) District & Adjacent to TC District 4 Embassy Suites Village Commercial District 5 Village Commercial Village Commercial District 6 SilverRock Specific Plan Tourist Commercial (TC) District - Undeveloped 7 Codorniz Entitlement Approval 8 Signature at PGA West Tourist Commercial (TC) District 9 Puerta Azul Entitlement Approval 10 SW corner Ave 64 & Madison St Tourist Commercial (TC) District - Undeveloped 11 NW corner Ave 64 & Madison St Tourist Commercial (TC) District - Undeveloped ATTACHMENT 1 159 160 City of La Quinta CITY COUNCIL MEETING: March 1, 2022 STAFF REPORT AGENDA TITLE: ADOPT RESOLUTION TO VACATE 150-SQUARE-FOOT PORTION OF AVENIDA MORALES PUBLIC RIGHT-OF-WAY FRONTING 51780 AVENIDA MORALES IN THE SANTA CARMELITA AT VALE LA QUINTA SUBDIVISION, UNIT NO. 2 RECOMMENDATION Adopt a resolution to vacate a 150-square-foot portion of Avenida Morales public right-of-way fronting 51780 Avenida Morales in the Santa Carmelita at Vale La Quinta Subdivision, Unit No. 2. EXECUTIVE SUMMARY •Patrick and Laura O’Connell (Owners) have filed a street vacation application to vacate a portion of Avenida Morales fronting 51780 Avenida Morales. A building permit to construct a pool and spa in front of the house at 51780 Avenida Morales has been put on-hold until this street vacation is approved and recorded. •The right-of-way proposed to be vacated is not needed for street purposes. No utility agency has requested easements over the proposed street vacation area and no utility agency has objected to the street vacation proposal. •On February 8, 2022, the Planning Commission made a finding that this proposed street vacation is consistent with the La Quinta General Plan. FISCAL IMPACT – None. BACKGROUND/ANALYSIS The proposed street vacation area fronting 51780 Avenida Morales (Attachment 1)was dedicated for public use on the subdivision map for Santa Carmelita at Vale La Quinta, Unit No. 2 in 1934. When the City constructed Avenida Morales under Assessment District 92-01, an area was created that is not needed for street purposes. A building permit to construct a pool and spa in front of the PUBLIC HEARING ITEM NO. 1 161 house at 51780 Avenida Morales has been put on-hold until this street vacation is approved and recorded. No utility agency has requested easements over the proposed street vacation area and no utility agency has objected to the street vacation proposal. Publishing and posting requirements for this public hearing were given in the time and manner pursuant to Sections 8322 and 8323 of the Streets and Highways Code. AGENCY AND PUBLIC REVIEW Public Notice This vacation proceeding is conducted under Chapter 3, Part 3, Division 9 of the Streets and Highways Code. Three notices regarding the proposed public hearing for the street vacation were posted conspicuously along the line of the street proposed to be vacated on February 13, 2022 (Attachment 2). On February 11, 2022, the public hearing notice was mailed to the ten property owners in La Quinta who petitioned for this street vacation (Attachment 3). The public hearing notice was also advertised in The Desert Sun newspaper for two successive weeks on February 13 and 20, 2022 (Attachment 4). To date, no comments have been received from the public. Environmental Review The Design and Development Department has determined the proposed action is categorically exempt under California Environmental Quality Act (CEQA) Section 15301(c) – Class 1. ALTERNATIVES Council may choose to not approve the street vacation, or incorporate any adjustments deemed appropriate in order to approve the street vacation. Prepared by: Amy Yu, Associate Engineer Approved by: Bryan McKinney, P.E., Public Works Director /City Engineer Attachments: 1. Vicinity Map 2.Photos of Public Notice Posting Onsite 3. Mailing of Notice to the Ten Petitioners 4. Public Hearing Notice in The Desert Sun 162 RESOLUTION NO. 2022 – xxx A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LA QUINTA, CALIFORNIA, VACATING A 150- SQUARE-FOOT PORTION OF AVENIDA MORALES PUBLIC RIGHT-OF-WAY FRONTING 51780 AVENIDA MORALES IN THE SANTA CARMELITA AT VALE LA QUINTA SUBDIVISION, UNIT NO. 2 WHEREAS, this action is exempt under the California Environmental Quality Act (CEQA) Guidelines, Section 15301(c) – Class 1; and WHEREAS, pursuant to Sections 8322 and 8323 of the Streets and Highways Code, due notice of the Public Hearing was given by public posting in the time and manner prescribed by law; and WHEREAS, the City Council of the City of La Quinta has conducted this vacation proceedings under Chapter 3, Part 3, Division 9 of the Streets and Highways Code of the Streets and Highways Code and, upon hearing and considering all testimony of all interested parties, make the following findings: 1.Vacation of the subject 150-square-foot portion of Avenida Morales will not adversely affect the City of La Quinta or adversely impact the Circulation Element of the City of La Quinta General Plan. 2.The affected 150-square-foot portion of Avenida Morales is unnecessary for either present or prospective public use or purposes, including use as a non-motorized transportation facility. 3.No local agency has submitted objections to the street vacation proposal. 4.Approval and adoption of the proposed public street vacation will not cause a significant negative impact upon the environment; and NOW THEREFORE, BE IT RESOLVED by the City Council of the City of La Quinta, California, as follows: SECTION 1. The City Council, having elected to proceed under the provisions of Chapter 3, Part 3, Division 9 of the Streets and Highways Code of the Streets and Highways Code of the State of California, and having held a public hearing upon due notice as provided therein, hereby finds from all evidence submitted that the 150-square-foot portion of Avenida Morales, specifically described in Exhibits A and B, is unnecessary for either present or prospective public use or purposes, including use as non-motorized transportation facilities. 163 Resolution No. 2022 – XXX Street Vacation 51780 Avenida Morales LAD2021-0002 Adopted: March 1, 2022 Page 2 of 3 SECTION 2. The City Council hereby orders the vacation of the portion of the 150-square-foot portion of Avenida Morales as shown in the attached Exhibits A and B. SECTION 3. The City Council hereby determines that adoption of the vacation will cause no significant negative environmental impact. In addition to the Recitals, which the City Council adopts as part of its findings and expressly incorporates into the approval of this Resolution, the street vacation is categorically exempt under the California Environmental Quality Act (CEQA) as a Class 1 exemption pursuant to CEQA Guidelines Section 15301(c) (14 Cal. Code Regs. §15301(c).) Class 1 consists of, among other items, minor alterations of existing public or private facilities or topographical features, involving negligible or no expansion of existing or former use. The types of “existing facilities” itemized in Section 15301 are not intended to be all-inclusive of the types of projects which might fall within Class 1, but Subdivision (c) expressly includes existing highways, streets, bicycle and pedestrian trails, and similar facilities. The street vacation here is small in the amount of square footage, and that square footage is situated in a manner unnecessary for circulation of traffic or for any other present or prospective public use or purposes. The street vacation does not authorize any other use. Therefore, the street vacation involves no or negligible expansion of use and is categorically exempt pursuant to CEQA Guidelines Section 15301(c). SECTION 4. The City Council hereby orders that the vacation shall not be effective until the City Clerk record a certified copy of this Resolution with attached Exhibits A and B with the Riverside County Recorder. SECTION 5. The City Council hereby determines and orders that the City Clerk is hereby authorized and directed to record a certified copy of this Resolution in the Office of the County Recorder of Riverside County, California. PASSED, APPROVED AND ADOPTED at a regular meeting of the La Quinta City Council held on this 1st day of March, 2022, by the following vote: AYES: NOES: ABSTAIN: ABSENT: 164 Resolution No. 2022 – XXX Street Vacation 51780 Avenida Morales LAD2021-0002 Adopted: March 1, 2022 Page 3 of 3 _______________________ LINDA EVANS, Mayor City of La Quinta, California ATTEST: ________________________ MONIKA RADEVA, City Clerk City of La Quinta APPROVED AS TO FORM: __________________________ WILLIAM H. IHRKE, City Attorney City of La Quinta 165 166 167 168 VICINITY MAP 51780 STREET VACATION AREA AVENIDA MORALESATTACHMENT 1 EAVENIDA MONTEZUMANTS CALLE SINALOA 169 DRIVEWAY GARAGE EXISTING RESIDENCE DN BBQ BAJA 1' -6" 5'-0"12' -0" TO FACE OF WALL 7'-0"15'-0"12'-0"5'-0"15'-4"4'-0"20'-1"14'-4"17'-5"9'-6" 7'-0"7' -0" 5'-0" 3'-4" 4"4"2' -4"1' -0" 7'-5" 10"10"8'-3"11'-7"7'-6"7' -0"1' -10"8' -0" 7'-1" 1'-0" 1'-6"7'-2"5'-3"1'-0"1'-0"12'-3"1'-0"3'-1"7'-0"2'-6"0"42'-5"SPA POOL AVENID A M O R A L E S R. O. W 1'-0" 4" 3'-4"4"6'-3"4"3'-0"4"2'-11"4"3'-0"4"3'-0"12'-3"4"3'-0" 3'-4"14'-1" 4" 2'-0" 4" 7'-8"12'-0" TO FACE OF PILASTER12'-0" TO FACE OF PILASTER15' -0" TO WATER L INE 15'-0" TO WATERL INE 12'-5"AVENIDA MORALES NEW P.L.3' -0" T0 WATER NORTH PROPOSED SITE PLAN ⅊40.97 9.03⅊ L=43.01 R=80.00 NEW PL VACATEDPL 9.03 ⅊11.29⅊100.00⅊100.00170 171 172 173 174 175 176 177 178 Text of Ad: 02/09/2022 179 CITY OF LAQUINTA CITY COUNCIL NOTICE OF PUBLIC HEARING NOTICE IS HEREBY GIVEN that the City of La Quinta City Council will hold a PUBLIC HEARING on March 1, 2022, at 5:00 p.m. in the La Quinta City Hall Council Chamber, 78495 Calle Tampico, La Quinta, California, on the following item: APPLICATION: STREET VACATION LAD2021-0002 APPLICANT: PATRICK AND LAURA O’CONNELL LOCATION: PORTION OF AVENIDA MORALES FRONTING 51780 AVENIDA MORALES REQUEST: ADOPT A RESOLUTION TO VACATE A PORTION OF AVENIDA MORALES PUBLIC RIGHT-OF-WAY FRONTING 51780 AVENIDA MORALES IN SANTA CARMELITA AT VALE LA QUINTA, UNIT NO. 2 LEGAL: PUBLIC RIGHT-OF-WAY This vacation proceeding is conducted under Chapter 3, Part 3, Division 9 of the Streets and Highways Code of the Streets and Highways Code. The La Quinta Design and Development Department has determined the proposed action is categorically exempt under the California Environmental Quality Act Guidelines, Section 15301 c), Existing Facilities. SPECIAL NOTICE: Teleconferencing and Telephonic Accessibility In Effect – Any person may participate in this public hearing and provide verbal comments either in-person or by teleconference or telephonic accessibility via Zoom, pursuant to Executive Orders N-60-20 and N-08-21 executed by the Governor of California, and subsequently Assembly Bill 361 (Stats. 2021, Ch. 165), enacted in response to the state of emergency relating to novel coronavirus disease 2019 (COVID-19) and enabling teleconferencing accommodations by suspending or waiving specified provisions of the Ralph M. Brown Act (Government Code § 54950 et seq.). Any member may participate via teleconference by joining this public hearing virtually at https://us06web.zoom.us/j/82540879912 or via telephonic accessibility by dialing (253) 215 8782 and entering Meeting ID 825 4087 9912. Members of the public wanting to listen to this meeting may do so by tuning-in live via https://laquinta.12milesout.com/video/live Any person may submit written comments on any of the contemplated actions listed above to the Public Works Department at ayu@laquintaca.gov prior to the Public Hearings and/or may appear and be heard in support of, or opposition to, the project at the time of the Public Hearings. If you challenge the decision of any of the actions listed above in court, you may be limited to raising only those issues that you or someone else raised either at the Public Hearings or in written correspondence delivered to the Public Works Department at, or prior to the Public Hearings. For additional information, please contact Amy Yu, Associate Engineer at ayu@laquintaca.gov. In the City's efforts to comply with the requirements of Title II of the Americans with Disabilities Act Of 1990, the Public Works Department requires that any person in need of any type of special equipment, assistance or accommodation(s) in order to communicate at a City public meeting, inform the Public Works Department a minimum of 72 hours prior to the scheduled meeting. PUBLISH ON FEBRUARY 13 AND 20, 2022 180 City of La Quinta CITY COUNCIL MEETING: March 1, 2022 STAFF REPORT AGENDA TITLE: CONTINUED FROM FEBRUARY 15, 2022: INTRODUCE FOR FIRST READING AN ORDINANCE APPROVING A DEVELOPMENT AGREEMENT FOR POLO VILLAS RESIDENCES. CEQA: THE PROJECT IS CONSISTENT WITH PREVIOUSLY ADOPTED ENVIRONMENTAL ASSESSMENTS 2005-537 AND 2010-608. LOCATION: WEST OF MADISON STREET BETWEEN AVENUES 50 AND 52 RECOMMENDATION 1.Make a finding, included in Ordinance No. ___, that adopting this ordinance is consistent with the previously adopted Mitigated Negative Declarations, EA2005-537 and EA2010-608 for Tracts 33085 and 36279. 2.Move to take up Ordinance No.___ by title and number only and waive further reading. 3.Move to introduce at first reading, Ordinance No.___ to approve a development agreement for Polo Villas Residences. EXECUTIVE SUMMARY Tract 33085 was approved by City Council December 5, 2017, for seven (7) units, south of Beth Circle, and Tract 36279 was approved by City Council March 17, 2015, for 11 units, north of Beth Circle (Attachment 1). Mitigated Negative Declarations (MND) were also adopted for each Tract. Tract 36279 was built in 2015/2016 and the 11 units each currently have active Short-Term Vacation Rental (STVR) permits since September 2016. Tract 33085 has not yet been built. The applicant is proposing a development agreement to continue the short-term rental of the existing 11 units and allow seven units (not yet built) to be rented short-term. PUBLIC HEARING ITEM NO. 2 181 The Planning Commission at its regular meeting of January 25, 2022, voted to recommend City Council approve the development agreement. FISCAL IMPACT The project is estimated to generate revenue primarily through property taxes, development impact fees (DIF), property taxes in-lieu of vehicle license fees and transient occupancy tax (TOT). The following projections are included in the Fiscal Impact Study prepared by the applicant (Attachment 2). Estimated Fiscal Impact at Build-out Recurring Revenues Property Tax $23,263 Property Tax in lieu of VLF $7,731 Transient Occupancy Tax $831,183 Off-site Sales Tax $43,849 Other revenues $36,140 Total Recurring Revenues $942,166 Recurring Expenditures (i.e., Police, Fire, City staff) $131,577 Net Fiscal Surplus $810,589 The additional costs incurred to the City as a result of the project are less than the additional revenues generated; therefore, resulting in a net positive fiscal impact. BACKGROUND/ANALYSIS The Polo Villas residential development is comprised of 18 units within two (2) tract maps numbered 33085 and 36279 (Attachment 1). The tentative tract map for Tract 33085 was approved and an MND was adopted for seven (7) units on December 6, 2005. The final tract map was approved and recorded in December 2017. The tentative tract map for Tract 36279 was approved and an MND was adopted for 11 units on August 2, 2011. The final tract map was approved in March 2015 and recorded in April 2015. Of the 18 units, 11 have been built and each currently have active STVR permits since 2016. In May 2021, Council adopted an ordinance that places a permanent ban on issuance of new STVR permits, with the exception of units within the Village and Tourist Commercial zones and developments subject to a development agreement (DA) that stipulate short-term rental is allowed, among other specified exceptions. Those with current active STVR permits may continue to operate as STVRs, but a STVR permit is not transferable and expires when an owner sells their property to a new owner. In this case, the applicant 182 (GTGF, LLC) has a purchase and sale agreement to buy the 18 properties from the current owner (Desert Polo Land Company, LLC) and wishes to enter into a DA with the City to allow STVRs to continue to operate. Government Code Section 65864 and the La Quinta Municipal Code (LQMC) Section 9.250.020 allow applicants to enter into DAs with the City. Development Agreement Terms The terms of the draft DA (Exhibit A) are summarized below: The project shall be constructed in accordance with project approvals and shall consist of a residential single-family development specifically developed and available for use as primary residences, secondary residences, and/or short-term vacation rental residences, with the following components: o Annual permitting fees to be consistent with the City’s fee program; o Any rental or occupancy of 30 nights or less to be subject to the City’s then-current transient occupancy tax for short-term vacation rentals; o Rental or occupancy agreements, and material renter or occupant information, shall be retained for a minimum of three (3) years (or other retention period as may be approved by City policy or code) by the applicant or their authorized management company for the short-term vacation rentals at the site; o Occupancy in any residence, including residences used as short- term vacation rentals, shall be capped at two (2) persons per bedroom, plus no more than four (4) additional occupants; and o Each of the residences shall allow for transient occupancy, 30 days or less. A performance schedule for construction of the seven (7) units on the south side of the project. The term of the DA shall be for 50 years. The DA shall be reviewed on an annual basis. Findings Council is required to make the following findings on the DA per LQMC Section 9.250.020. Consistency with the objectives, policies, general land uses, and programs specified in the General Plan and any applicable specific plan as follows: o Policy LU-6.3: Support and encourage the expansion of the resort industry as a key component of the City’s economic base. 183 o Policy LU-3.1: Encourage the preservation of neighborhood character and assure a consistent and compatible land use pattern. o Goal ED-1: A balanced and varied economic base serving both the City’s residents and the region. o Goal ED-2: The continued growth of the tourism and resort industries in the City. o The properties are available and must be used for residential purposes which is consistent with the land use pattern in the area. The properties would also be able to be used for short-term vacation rental residences thus contributing to the economic base and tourism industry of the City. Compatibility with the uses authorized in and the regulations prescribed for the land use district in which the real property is located: o The properties are available and must be used for residential purposes, and may be the residents’ primary residence or secondary residences, and/or may be used for short-term vacation rental residences, which residential use is consistent with the permissible uses of the land use district the property is located in. This is appropriate for the area given the proximity to surrounding residential areas and polo fields to the east of Madison Street. Conformity with the public necessity, public convenience, general welfare and good land use practices: o The properties may be used as residences which is consistent with the surrounding area. Will not be detrimental to the health, safety and general welfare: o The properties may be used as residences which is consistent with the surrounding area. Will not adversely affect the orderly development of property or the preservation of property values: o The DA facilitates development of high-quality homes and extends residential development along Madison Street in the project area. Will have a positive fiscal impact on the City: o The fiscal study prepared for the DA shows a positive fiscal impact on the City from revenues gained through payment of certain development impact fees for undeveloped units, increased property taxes and transient occupancy taxes when units are rented on a short-term basis (Attachment 2). 184 AGENCY AND PUBLIC REVIEW Public Agency Review This request was sent to all applicable City departments and all applicable comments have been adequately addressed. Public Notice This project was advertised in The Desert Sun newspaper on February 4, 2022, and on February 12, 2022. The hearing notice was also mailed on February 12, 2022, to residents and occupants within a 500 ft. radius of the project site. No written comments have been received as of the date of this writing. Any written comments received will be handed out at the City Council meeting. Planning Commission Review At its regular meeting of January 25, 2022, the Planning Commission voted to recommend Council approve the proposed development agreement (Attachment 3 – Planning Commission Minutes of January 25, 2022). To view the video recording of the meeting, please follow the provided link: La Quinta, CA : Planning Commission Meeting - 1/25/2022 (12milesout.com) ENVIRONMENTAL REVIEW The Design and Development Department has determined that the proposed project is consistent with MND EA2005-537 adopted by City Council on December 6, 2005, by Resolution No. 2005-097 and MND EA2010-608 adopted on August 2, 2011, by Resolution No. 2011-073, in that the properties are available and must be used for residential purposes as primary or secondary residences or short-term rental residences. Prepared by: Cheri Flores, Planning Manager Approved by: Danny Castro, Design and Development Director Attachments: 1. Vicinity Map 2. Fiscal Impact Study 3. Planning Commission Minutes from January 25, 2022 185 186 ORDINANCE NO. XXX AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF LA QUINTA, CALIFORNIA, APPROVING A DEVELOPMENT AGREEMENT BY AND BETWEEN THE CITY OF LA QUINTA AND GTGF, LLC RELATING TO POLO VILLAS RESIDENCES AND A FINDING THAT THE PROJECT IS CONSISTENT WITH ENVIRONMENTAL ASSESSMENTS 2005-537 AND 2010-608 CASE NUMBER: DEVELOPMENT AGREEMENT 2021-0003 APPLICANT: GTGF, LLC WHEREAS, California Government Code Section 65864 et seq. (the "Development Agreement Law") authorizes cities to enter into binding development agreements with persons having a legal or equitable interest in real property for the development of such property, all for the purpose of strengthening the public planning process, encouraging private participation and comprehensive planning, and identifying the economic costs of such development; and WHEREAS, the Planning Commission of the City of La Quinta, California did, on January 25, 2022, hold a duly noticed Public Hearing and after review and consideration of this item, and hearing all public testimony, adopt Planning Commission Resolution 2022-004 and recommended approval of said Development Agreement for the Polo Villas residences, generally located west of Madison Street, south of Avenue 50 and north of Avenue 52; and WHEREAS, the City Council of the City of La Quinta, California did, on February 15, 2022, hold a duly noticed Public Hearing to consider the request for a Development Agreement for the Polo Villas residences; and WHEREAS, the Design and Development Department published a public hearing notice in The Desert Sun newspaper on February 4, 2022, as prescribed by the Municipal Code; and WHEREAS, Design and Development Department determined that the project is consistent with Mitigated Negative Declarations adopted December 6, 2005 (EA2005-537) and August 2, 2011 (EA2010-608) and no further environmental review is required under the California Environmental Quality Act. The Planning Commission considered this determination prior to their recommendation; and 187 Ordinance No. XX Polo Villas Residences Adopted: Page 2 of 5 WHEREAS, at said Public Hearing, upon hearing and considering all testimony and arguments, if any, of all interested persons desiring to be heard, the City Council did make the following mandatory findings to justify approval of said Development Agreement (Exhibit A): 1.The Development Agreement is consistent with the applicable objectives, policies, general land uses and programs of the La Quinta General Plan as follows: a.Policy LU-6.3: Support and encourage the expansion of the resort industry as a key component of the City’s economic base. b.Policy LU-3.1: Encourage the preservation of neighborhood character and assure a consistent and compatible land use pattern. c.Goal ED-1: A balanced and varied economic base serving both the City’s residents and the region. d.Goal ED-2: The continued growth of the tourism and resort industries in the City. e.The properties are available and must be used for residential purposes which is consistent with the land use pattern in the area. The properties would also be able to be rented as short- term vacation rental residences thus contributing to the economic base and tourism industry of the City. 2.The Development Agreement is compatible with the uses authorized and the regulations prescribed for the land use district in which the real property is located. The properties are available and must be used for residential purposes, and may be the residents’ primary residence or secondary residences, and/or may be used for short-term vacation rentals, which residential use is consistent with the permissible uses of the land use district the property is located in. This is appropriate for the area given the proximity to surrounding residential and polo fields to the east of Madison Street. 3.The Development Agreement is in conformity with the public necessity, public convenience, general welfare and good land use practices. The project may be used as residences, which is consistent with the surrounding area and extends residential development along Madison Street in the project area. 4.The Development Agreement will not be detrimental to the health, safety and general welfare. The project may be used as residences, which is consistent with the surrounding area. 5.The Development Agreement will not adversely affect the orderly development of property or the preservation of property values in that 188 Ordinance No. XX Polo Villas Residences Adopted: Page 3 of 5 it facilitates development of high-quality homes and extends residential development along Madison Street in the project area. 6.The Development Agreement will have a positive fiscal impact on the City, in that implementation of the Development Agreement will produce revenues through payment of certain development impact fees, increased property taxes, and transient occupancy taxes, when units are rented on a short-term basis. NOW, THEREFORE, the City Council of the City of La Quinta does ordain as follows: SECTION 1. FINDINGS AND APPROVAL: That the above recitations are true and constitute the Findings of the City Council in this case. SECTION 2. EFFECTIVE DATE: This Ordinance shall be in full force and effect thirty (30) days after its adoption. SECTION 3. POSTING: The City Clerk shall, within 15 days after passage of this Ordinance, cause it to be posted in at least three public places designated by resolution of the City Council, shall certify to the adoption and posting of this Ordinance, and shall cause this Ordinance and its certification, together with proof of posting to be entered into the permanent record of Ordinances of the City of La Quinta. SECTION 4. CORRECTIVE AMENDMENTS: the City Council does hereby grant the City Clerk the ability to make minor amendments and corrections of typographical or clerical errors to “Exhibit A” to ensure consistency of all approved text amendments prior to the publication in the La Quinta Municipal Code. SECTION 5. SEVERABILITY: If any section, subsection, subdivision, sentence, clause, phrase, or portion of this Ordinance is, for any reason, held to be invalid or unconstitutional by the decision of any court of competent jurisdiction, such decision shall not affect the validity of the remaining portions of this Ordinance. The City Council hereby declares that it would have adopted this Ordinance and each and every section, subsection, subdivision, sentence, clause, phrase, or portion thereof, irrespective of the fact that any one or more section, subsections, subdivisions, sentences, clauses, phrases, or portions thereof be declared unconstitutional. PASSED, APPROVED and ADOPTED, at a regular meeting of the La Quinta City Council held this 15th day of February, 2022, by the following vote: 189 Ordinance No. XX Polo Villas Residences Adopted: Page 4 of 5 AYES: NOES: ABSENT: ABSTAIN: _______________________ LINDA EVANS, Mayor City of La Quinta, California ATTEST: _______________________________ MONIKA RADEVA, City Clerk City of La Quinta, California APPROVED AS TO FORM: __________________________________ WILLIAM H. IHRKE, City Attorney City of La Quinta, California 190 Ordinance No. XX Polo Villas Residences Adopted: Page 5 of 5 STATE OF CALIFORNIA ) COUNTY OF RIVERSIDE ) ss. CITY OF LA QUINTA ) I, MONIKA RADEVA, City Clerk of the City of La Quinta, California, do hereby certify the foregoing to be a full, true, and correct copy of Ordinance No. (enter number) which was introduced at a regular meeting on the ______ day of ______________, 2022, and was adopted at a regular meeting held on the _________ day of ________________, 2022, not being less than 5 days after the date of introduction thereof. I further certify that the foregoing Ordinance was posted in three places within the City of La Quinta as specified in the Rules of Procedure adopted by City Council Resolution No. 2015-023. _______________________ MONIKA RADEVA, City Clerk City of La Quinta, California DECLARATION OF POSTING I, MONIKA RADEVA, City Clerk of the City of La Quinta, California, do hereby certify that the foregoing ordinance was posted on , pursuant to Council Resolution. _______________________ MONIKA RADEVA, City Clerk City of La Quinta, California 191 192 2905/015610-0183 17230608.13 a02/10/22 RECORDING REQUESTED BY AND WHEN RECORDED MAIL TO City of La Quinta 78-495 Calle Tampico La Quinta, CA 92253 Attn: City Clerk Space Above This Line for Recorder’s Use (Exempt from Recording Fee per Gov’t Code §6103 and §27383) DEVELOPMENT AGREEMENT BY AND BETWEEN THE CITY OF LA QUINTA AND GTGF, LLC ORDINANCE NO. XXX EXHIBIT A ADOPTED: _________, 2022 193 2905/015610-0183 17230608.13 a02/10/22 -1- DEVELOPMENT AGREEMENT This Development Agreement (the “Agreement”) is entered into as of the day of ____________ ___, 2022 (“Reference Date”), by and between the CITY OF LA QUINTA, a California municipal corporation and charter city organized and existing under the Constitution of the State of the California (“City”), and GTGF, LLC, a Delaware limited liability company, (“Developer”), with reference to the following: RECITALS: A.Government Code Section 65864 et seq. (“Development Agreement Act”) authorizes City to enter into a binding development agreement for the development of real property within its jurisdiction with persons having legal or equitable interest in such real property. B.Pursuant to Government Code Section 65865, City has adopted its Development Agreement Ordinance (La Quinta Municipal Code Section 9.250.020) establishing procedures and requirements for such development agreements (“Development Agreement Ordinance”). C.Developer has an equitable interest pursuant to that certain Agreement of Purchase and Sale entered into on or about October 27, 2021, by and between Developer (as Buyer) and Desert Polo Land Company, LLC, a Delaware limited liability company (as Seller) (the “Purchase/Sale Agreement”), for the purchase to own certain improved real property consisting of 11 single-family residence (SFR) properties located on multiple parcels at the addresses 51005- 51205 Evangeline Way, La Quinta, CA 92553, and certain vacant real property consisting of 7 unimproved residential lots with Assessor Parcel Numbers (“APNs”) 777-500-016 thru -022 and 777-500-025, in the City of La Quinta, County of Riverside, State of California, as more particularly described in the legal descriptions in Exhibit A attached hereto and incorporated herein by this reference (collectively, the “Property” and each individual parcel (whether improved or vacant) may be referred to herein as “One of the Properties”), and more particularly depicted with corresponding APNs on the Site Map attached hereto as Exhibit B and incorporated herein by this reference (the “Site”). D. Developer has duly submitted an application for a development agreement and environmental assessment for the development of the Property and/or improvements to previously improved portions of the Property, to use as a residential community that includes and would allow for the development, permitting, operation and use of eighteen (18) residences constructed or be constructed within the Site as short-term vacation rentals pursuant to Chapter 3.25 of the La Quinta Municipal Code (briefly summarized here as the “Project” and more fully defined below in this Agreement). (For reference purposes only, a copy of Chapter 3.25, as that chapter exists on the Effective Date, is attached to this Agreement as Exhibit E.) The Project is more fully described in, and subject to (i) this Agreement, (ii) the City’s General Plan,(iii) Final Tract Map Nos. 36279 and 33085, and any conditions of approval appurtenant thereto (iv) any applicable Specific Plan or Site Development Permit in effect as of the Effective Date, and any conditions of approval appurtenant thereto, (v) any future discretionary or ministerial approvals and/or permits issued for the Property, Site or Project (collectively, the “Project Site Development Permits”); and (vi) any future subdivision maps approved for the Property, Site, or Project, (collectively, the “Future Tract Maps”). The documents, permits, approvals, and conditions described in the foregoing clauses (i)- 194 2905/015610-0183 17230608.13 a02/10/22 -2- (vi) are collectively referred to herein as the “Project Approvals,” and are, or when approved or issued shall be, on file with the City Clerk. E. A condition for the closing of the escrow for the Property as set forth in the Purchase/Sale Agreement is the entering into a development agreement between Developer and City. This Agreement is in furtherance of satisfying said condition to closing. Therefore, pursuant to the terms and conditions of the Purchase/Sale Agreement and this Agreement, as of the recording date of this Agreement, Developer owns fee simple title to the Property, and by their execution of this Agreement, City and Developer consent to recordation of this Agreement against the Property, including, without limitation, each One of the Properties that comprise the Site. F. Consistent with Section 9.250.020 of the La Quinta Municipal Code, City and Developer desire to enter into a binding agreement that shall be construed as a development agreement within the meaning of the Development Agreement Act. This Agreement will eliminate uncertainty in planning for and secure the orderly development of the Project, ensure a desirable and functional community environment, provide effective and efficient development of public facilities, infrastructure, and services appropriate for the development of the Project, and assure attainment of the maximum effective utilization of resources within the City, by achieving the goals and purposes of the Development Agreement Act. In exchange for these benefits to City, Developer desires to receive the assurance that it may proceed with development of the Project in accordance with the terms and conditions of this Agreement and the Project Approvals, all as more particularly set forth herein. G. The Planning Commission and the City Council have determined that the Project and this Agreement are consistent with the City’s General Plan, including the goals and objectives thereof. H. All actions taken by City have been duly taken in accordance with all applicable legal requirements, including the California Environmental Quality Act (“CEQA”), and all other requirements for notice, public hearings, findings, votes and other procedural matters. I. On _________, 2022, the City Council adopted its Ordinance No. ___ approving this Agreement. AGREEMENT: NOW, THEREFORE, in consideration of the foregoing Recitals, which are incorporated herein by this reference, the mutual covenants and agreements contained herein, and other good and valuable consideration, the receipt and legal sufficiency of which is hereby acknowledged, the Parties do hereby agree as follows: 1. GENERAL 1.1 Definitions 1.1.1 “Affiliated Party” shall mean (i) any person or entity that directly or indirectly owns or has voting or management rights of Developer or its members or managers, (ii) any entity that is directly or indirectly owned, controlled or managed by Developer 195 2905/015610-0183 17230608.13 a02/10/22 -3- or its members or managers, or such members’ or managers’ shareholders, or (iii) any entity that is a permitted assignee under the Purchase/Sale Agreement which meets the criteria in either clause (i) or (ii) of this Section 1.1.1. 1.1.2 “Agreement” means this Development Agreement and all amendments and modifications thereto. 1.1.3 “Applicable Rules” means the rules, regulations, ordinances and officially adopted policies of the City of La Quinta in full force and effect as of the Effective Date of this Agreement, including, but not limited to, the City’s General Plan, Chapter 3.25 of the La Quinta Municipal Code, and any applicable zoning ordinance and specific plan. Additionally, notwithstanding the language of this Section or any other language in this Agreement, all specifications, standards and policies regarding the design and construction of public works facilities required with respect to the Project, if any, shall be those that are in effect at the time any of said Project applications and plans are being processed for approval and/or under construction. 1.1.4 “Assignment and Assumption Agreement” shall have the meaning set forth in Section 1.8.1 of this Agreement. 1.1.5 “CEQA” means the California Environmental Quality Act (Cal. Public Resources Code Sections 21000 et seq.) and the State CEQA Guidelines (Cal. Code of Regs., Title 14, Sections 15000 et seq.). 1.1.6 “City” means the City of La Quinta, a charter city and municipal corporation, including each and every agency, department, board, commission, authority, employee, and/or official acting under the authority of the City, including without limitation the City Council and the Planning Commission. 1.1.7 “City Council” means the City Council of the City and the legislative body of the City pursuant to California Government Code Section 65867. 1.1.8 “Development Director” means the Director of the City’s Design and Development Department, or his or her designee. 1.1.9 “Developer” means the Developer identified in the preamble of this Agreement. 1.1.10 “Development Agreement Act” means Section 65864 et seq., of the California Government Code. 1.1.11 “Discretionary Action” means an action which requires the exercise of judgment, deliberation or a decision on the part of City, including any board, commission, committee, or department or any officer or employee thereof, in the process of approving or disapproving a particular activity, as distinguished from an activity which merely requires City, including any board, commission or department or any officer or employee thereof, to determine whether there has been compliance with statutes, ordinances, regulations, or other adopted policies. 196 2905/015610-0183 17230608.13 a02/10/22 -4- 1.1.12 “Effective Date” shall have the meaning set forth in Section 1.3 of this Agreement. 1.1.13 “Future Tract Maps” shall have the meaning set forth in Recital D. 1.1.14 “General Plan” means the General Plan of the City. 1.1.15 “Insubstantial Modification” shall have the meaning set forth in Section 1.6(a) of this Agreement. 1.1.16 “New Laws” means amendments or modifications to the Applicable Rules, and all ordinances, resolutions, initiatives, regulations, rules, laws, plans, policies, and guidelines of the City and its City Council, Planning Commission, and all other City boards, commissions, departments, agencies, and committees enacted or adopted after the Effective Date. 1.1.17 [reserved] 1.1.18 “Parties” means collectively Developer and City. Each shall be referred to in the singular as a “Party”. 1.1.19 “Performance Schedule” shall mean the performance schedule for the Project attached hereto as Exhibit D and incorporated herein by reference, and as further described in Section 3.3. 1.1.20 “Planning Commission” means the City Planning Commission and the planning agency of the City pursuant to California Government Code Section 65867. 1.1.21 “Project” means the development, improvement, use and operation of the Site as set forth in more detail in Section 3.1. 1.1.22 “Project Approvals” shall have the meaning set forth in Recital D. 1.1.23 “Purchase/Sale Agreement” shall have the meaning set forth in Recital C. 1.1.24 “Reserved Powers” means the rights and authority excepted from this Agreement’s restrictions on City’s police powers and which are instead reserved to City, its City Council, Planning Commission, and all other City boards, commissions, departments, agencies, and committees. The Reserved Powers include the powers to enact or adopt New Laws or take future Discretionary Actions after the Effective Date of this Agreement that may be in conflict with the Applicable Rules and Project Approvals, except such New Laws which would prevent, or materially impair Developer’s ability to develop the Project and/or use the Property and Site in accordance with the Project Approvals and this Agreement; provided, however, that with respect to such New Laws which would conflict with this Agreement or 197 2905/015610-0183 17230608.13 a02/10/22 -5- prevent, or materially impair Developer’s ability to develop or use the Project in accordance with the Project Approvals, such New Laws shall apply to the Project and the Site only if such New Laws are: (1) necessary to protect the public health and safety, and are generally applicable on a City-wide basis in furtherance of the identified public health and safety concern (except in the event of natural disasters as found by the City Council such as floods, earthquakes and similar acts of God, which shall apply even if not applicable on a City-wide basis); (2) amendments to Uniform Codes, as adopted by City, and/or the La Quinta Municipal Code, as applicable, regarding the construction, engineering and design standards for private and public improvements to be constructed on the Property or at the Site; (3) required by a non-City governmental entity to be adopted by or applied by the City (or, if adoption is optional, the failure to adopt or apply such non-City law or regulation would cause the City to sustain a material loss of funds or material loss of access to funding or other resources, with “material loss” in this clause (3) meaning Seventy Five Thousand Dollars ($75,000.00) or more, as such minimum threshold amount of $75,000 may be adjusted as of January 1 of each calendar year (the “Adjustment Date”) during the Term of this Agreement by any increases in the Consumer Price Index for All Urban Consumers for the Riverside-San Bernardino-Ontario, California areas (1982-84=100) from the Effective Date to the applicable Adjustment Date), (4) necessary to comply with state or federal laws and regulations (whether enacted previous or subsequent to the Effective Date of this Agreement), or (5) adopted by the City on a City wide basis and applied to the Property (and each One of the Properties) and the Site in a non-discriminatory manner that does not prevent or materially impair Developer’s ability to develop the Project and/or operate or use the Site and Project in accordance with the Project Approvals and this Agreement. 1.1.25 “Site” shall have the meaning set forth in Recital C. 1.1.26 [reserved] 1.1.27 “Site Map” means the map that shows the location of the Site and immediately adjacent properties, which is attached hereto as Exhibit B. 1.1.28 [reserved] 1.1.29 “Term” means the period of time for which the Agreement shall be effective in accordance with Section 1.2 herein. 1.1.30 “Transferee” means individually or collectively, Developer’s successors in interest, assignees or transferees of all or any portion of the Site. 1.1.31 “Uniform Codes” means those building, electrical, mechanical, plumbing, fire and other similar regulations of a City-wide scope which are based on recommendations of a multi-state professional organization and become applicable throughout the City, such as, but not limited to, the Uniform Building Code, the Uniform Electrical Code, the Uniform Mechanical Code, Uniform Plumbing Code, or the Uniform Fire Code (including those amendments to the promulgated uniform codes which reflect local modification to implement the published recommendations of the multi-state organization and which are applicable City-wide). 1.1.32 “Zoning Ordinance” means Title 9 of the La Quinta Municipal Code. 198 2905/015610-0183 17230608.13 a02/10/22 -6- 1.2 Term. The term of this Agreement shall commence on the Effective Date and shall continue for fifty (50) years thereafter, unless said term is otherwise terminated, modified, or extended by circumstances set forth in this Agreement or by mutual consent of the Parties after the satisfaction of all applicable public hearing and related procedural requirements. 1.3 Effective Date. This Agreement shall be effective, and the obligations of the Parties hereunder shall be effective, as of __________________ (“Effective Date”), which is the date that Ordinance No. _____ takes effect. 1.4 Statement of Benefits and Consideration. The Parties have determined that a development agreement is appropriate for the construction and operation of the Project due to the substantial benefits to be derived therefrom. City finds and determines that the Project is in the best interests of the health, safety and general welfare of City and its residents, and that entering into this Agreement constitutes a valid, present exercise of its police power. City has undertaken the necessary proceedings, has found and determined that this Agreement is consistent with the General Plan, and has adopted Ordinance No._____ approving this Agreement. As a result of the development of the Project in accordance with this Agreement, City will receive substantial benefits. In consideration of the substantial benefits, commitments, and consideration to be provided by Developer pursuant to this Agreement, and in order to strengthen the public planning process and reduce the economic costs of development, City hereby provides Developer assurance that Developer can proceed with the construction and use of the Project at the Site for the Term of this Agreement pursuant to the Applicable Rules and this Agreement. Developer would not enter into this Agreement or agree to provide the public benefits, commitments and consideration described in this Agreement if it were not for the certainty provided by this Agreement that the Project and the Site can be constructed and used during the Term of this Agreement in accordance with the Applicable Rules and this Agreement. 1.5 City CEQA Findings. City finds that review of the environmental impacts of this Agreement, and the Project as a whole, has been conducted in accordance with the provisions of CEQA and the state and local procedural review requirements adopted thereunder. City has given consideration to such environmental review prior to its approval of this Agreement and the Project, and has undertaken all actions necessary to comply with CEQA. 1.6 Modification or Amendment of this Agreement. Except as expressly stated to the contrary herein, this Agreement may be modified or amended from time to time, in whole or in part, only by mutual written consent of the Parties or 199 2905/015610-0183 17230608.13 a02/10/22 -7- their successors in interest, consistent with Government Code Sections 65867-65868, the City’s Development Agreement Ordinance, and the following terms: (a) Insubstantial Modifications. The Parties acknowledge that refinements and further development of the Project may demonstrate that minor changes are appropriate with respect to the details of the Project development and the performance of the parties under this Agreement. The Parties desire to retain a certain degree of flexibility with respect to the details of the Project development and with respect to those items covered in general terms under this Agreement, and thus desire to provide a streamlined method of approving insubstantial modifications to this Agreement. Therefore, any minor modification to this Agreement which does not modify (i) the Term of this Agreement; (ii) permitted uses of the Site, (iii) maximum density or intensity of use, except as specifically allowed in the Project Approvals, (iv) provisions for the reservation or dedication of land, (v) conditions, terms, restrictions or requirements for subsequent discretionary actions, or (vi) monetary obligations of Developer (hereinafter an “Insubstantial Modification”), and that can be processed under CEQA either as not a “project” under CEQA or as exempt from CEQA shall not require a public hearing prior to the parties executing a modification to this Agreement. Either Party may propose an Insubstantial Modification, consent to which shall not be unreasonably withheld, conditioned, or delayed by the other Party. Upon the written request of Developer for a modification to this Agreement, the City Manager or his/her designee shall determine, in his/her sole discretion: (1) whether, in his/her reasonable judgment, the requested modification constitutes an “Insubstantial Modification,” as defined herein; (2) whether the requested modification is consistent with Applicable Rules (other than that portion of this Agreement sought to be modified); and (3) whether, in his/her reasonable judgment, the requested modification tends to promote the goals of this Agreement. If the City Manager or his/her designee determines that the requested modification is an “Insubstantial Modification” that is consistent with Applicable Rules and tends to promote the goals of this Agreement, the proposed modification will be approved by the City as an Insubstantial Modification, and a written modification will be executed by the Parties and attached to this Agreement. Any such Insubstantial Modification shall not be deemed an “amendment” to this Agreement under Government Code Section 65858. (b) Substantial Amendments. Except as otherwise described in Section 1.6(a) of this Agreement, amendments to this Agreement shall be “Substantial Amendments” which require notice and a public hearing pursuant to California Government Code Section 65868. (d) Parties Required to Amend. Where a portion of Developer’s rights or obligations have been transferred, assigned, and assumed pursuant to Section 1.8 of this Agreement, the signature of the person or entity to whom such rights or obligations have been assigned shall not be required to amend this Agreement unless such amendment would materially alter the rights or obligations of such assignee/transferee hereunder. 1.6.1 Effect of Amendment. Any amendment to this Agreement shall be operative only as to those specific portions of this Agreement expressly subject to the amendment, and all other terms and conditions of this Agreement shall remain in full force and effect without interruption. 200 2905/015610-0183 17230608.13 a02/10/22 -8- 1.7 Termination; Applicable to All of the Property. Unless terminated earlier, pursuant to the terms hereof, this Agreement shall automatically terminate and be of no further effect upon the expiration of the Term of this Agreement as set forth in Section 1.2. Termination of this Agreement, for any reason, shall not, by itself, affect any right or duty arising from entitlements or approvals set forth under the Project Approvals. Any termination of this Agreement shall affect each and every One of the Properties and the entire Property and the Site, and no owner of One of the Properties may apply for a termination or terminate this Agreement with respect to that owner’s One of the Properties unless all of the owners of the Property and each and every One of the Properties apply for and seek to terminate this Agreement for the entire Property and Site. In explanation of the foregoing, this Agreement shall apply to each One of the Properties for the entire duration of the Term, and no One of the Properties may be released from or excused for performance under this Agreement by way of terminating this Agreement for that One of the Properties, unless all of the Property and Site are released from this Agreement. 1.8 Assignment of Interests, Rights and Obligations. Developer may transfer or assign all or any portion of its interests, rights or obligations under this Agreement to third parties acquiring an interest or estate in any One of the Properties, the Property and/or the Site, or any portion thereof, including, without limitation, purchasers or ground lessee(s) of lots, parcels or facilities, subject to the following: 1.8.1 Assignment and Assumption Agreements. (a) In connection with the transfer or assignment by Developer of all or any portion of the Property and/or the Site (other than a transfer or assignment by Developer to a Mortgagee, defined below), Developer and the transferee shall enter into a written agreement (an “Assignment and Assumption Agreement”) regarding the respective interests, rights and obligations of Developer and the transferee in and under this Agreement. Such Assignment and Assumption Agreement may: (i) release Developer from obligations under this Agreement pertaining to that portion of the Property and/or Site being transferred, as described in the Assignment and Assumption Agreement, provided that the transferee expressly assumes such obligations; (ii) transfer to the transferee vested rights to develop and/or improve and use that portion of the Property and/or Site being transferred; and (iii) address any other matter deemed by Developer to be necessary or appropriate in connection with the transfer or assignment. (b) Developer shall obtain City’s prior written consent to any Assignment and Assumption Agreement (other than a transfer or assignment by Developer to an Affiliated Party or a Mortgagee), which consent shall not be unreasonably withheld, conditioned or delayed. Failure by City to respond within thirty (30) days to any request made by Developer for such consent shall be deemed to be City’s unconditional approval of the Assignment and Assumption Agreement in question. City may refuse to give its consent only if, in light of the proposed transferee’s reputation and financial resources, such transferee would not in City’s reasonable opinion be able to perform the obligations proposed to be assumed by such transferee. Such determination shall be made by the City Manager in consultation with the City Attorney and is appealable by Developer directly to the City Council. 201 2905/015610-0183 17230608.13 a02/10/22 -9- (c) An Assignment and Assumption Agreement shall be binding on Developer, City and the transferee provided (i) Developer is not then in default under this Agreement, (ii) Developer has provided notice to City of such transfer, and City has approved the transfer, and (iii) the transferee executes and delivers to City a written agreement in which (a) the name and address of the transferee is set forth and (b) the transferee expressly and unconditionally assumes each and every obligation of Developer under this Agreement with respect to the Property and/or Site, or portion thereof, being transferred (to the extent Developer has not retained a continuing obligation), (c) Developer no longer has any legal or equitable interest in the Property and/or Site or the portion thereof sold or transferred, as applicable, and (d) City has, in the exercise of its reasonable discretion, satisfied itself of transferee’s ability to assume those Developer obligations under this Agreement being assigned. Upon recordation of any Assignment and Assumption Agreement in the Official Records of Riverside County, Developer shall automatically be released from those obligations assumed by the transferee therein. (d) Developer shall be free from any and all liabilities accruing on or after the date of any assignment or transfer with respect to those obligations assumed by a transferee pursuant to an Assignment and Assumption Agreement. No breach or default hereunder by any person succeeding to any portion of Developer’s obligations under this Agreement shall be attributed to Developer, nor may Developer’s rights hereunder be canceled or diminished in any way by any breach or default by any such person following Developer’s release of obligations under the Project Approvals pursuant to an Assignment and Assumption Agreement assigning Developer’s obligations to that successor. (e) The City may assign or transfer any of its rights or obligations under this Agreement with the approval of the Developer, which approval shall not be unreasonably withheld. 1.8.2 Transfers for Mortgages. Any transfers or assignments for any Mortgagee shall be subject to the provisions in Article 7 of this Agreement. 1.8.3 Transfers to Affiliated Parties. Developer, or any Affiliated Party of Developer, may at any time and without City’s prior consent, transfer all or any portion of its rights and obligations under this Agreement to any Affiliated Party of such Transferor and, in connection with the transfer of any such obligations, be released from such obligations. Developer shall deliver to City, no later than ten (10) days after such transfer an Assignment and Assumption Agreement memorializing the transfer of Developer’s rights and obligations under this Agreement to an Affiliated Party, along with that Affiliated Party’s contact information for notices to be delivered pursuant to this Agreement. 202 2905/015610-0183 17230608.13 a02/10/22 -10- 2. AGREEMENTS AND ASSURANCES 2.1 Agreement and Assurance on the Part of Developer. In consideration for City entering into this Agreement, and as an inducement for City to obligate itself to carry out the covenants and conditions set forth in this Agreement, and in order to effectuate the purposes and intentions set forth in the Recitals of this Agreement, Developer hereby agrees that the terms and conditions of this Agreement, including the Project Approvals incorporated herein, shall govern development and operation of the Site for the Term of this Agreement. 2.2 Agreement and Assurances on the Part of the City. In consideration for Developer entering into this Agreement, and as an inducement for Developer to obligate itself to carry out the covenants and conditions set forth in this Agreement, and in order to effectuate the purposes and intentions set forth in this Agreement, City hereby agrees as follows: 2.2.1 Vested Entitlement to Develop. Developer has the vested right to develop, improve, operate and use the Property, Site, and Project subject to the terms and conditions of this Agreement, the Applicable Rules, Project Approvals and the Reserved Powers. It is the intent of City and Developer that the vesting of development rights of Developer shall include the permitted land uses, densities, and intensities of use of the Property and the Site, timing or phasing of development, zoning, provisions for the reservation or dedication of land for public purposes, and the location and size of public improvements, as well as those other terms and conditions of development of the Project as set forth in this Agreement and the other Project Approvals. Developer’s vested rights under this Agreement shall also include, without limitation, the right to remodel, renovate, rehabilitate, rebuild or replace all improvements on the Property and the Site within the Project (or any portion thereof) throughout the applicable Term for any reason, including, without limitation, in the event of damage, destruction or obsolescence of the existing development or the Project or any portion thereof, subject to the terms and conditions of this Agreement, the Applicable Rules, Project Approvals and the Reserved Powers. Such vesting shall expire upon the earlier of the following occurrences: (a) termination of this Agreement, or (b) expiration of the Term of this Agreement. Except for the expiration set forth in clause (b) of the preceding sentence, the expiration of the vesting right set forth in the preceding sentence shall not terminate any obligations of Developer under this Agreement that (x) have accrued prior to termination of this Agreement or (y) that expressly survive the termination of this Agreement, such as indemnification obligations. Notwithstanding anything in this Agreement to the contrary, the Project shall remain subject to the following, to the same extent it would without this Agreement: (i) all Applicable Rules, unless modified by or in conflict with the provisions of this Agreement; (ii) the right to develop, improve, and use the Property (and each One of the Properties) and the Site for short-term vacation rentals; 203 2905/015610-0183 17230608.13 a02/10/22 -11- (iii) all New Laws applied to Developer through the City’s Reserved Powers; (iv) all subsequent development approvals and the conditions of approval associated therewith, including but not limited to any further site development permits, tract maps, and building permits; (v) the payment of all fees or exactions in the categories and in the amounts as required at the time such fees are due and payable, which may be at the time of issuance of building permits, or otherwise as specified by applicable law, as existing at the time such fees are due and payable; and (vi) the reservation or dedication of land for public purposes or payment of fees in lieu thereof as required at the time such reservations or dedications or payments in lieu are required under applicable law to be made or paid. 2.2.2 Changes in Applicable Rules. (A) Nonapplication of Changes in Applicable Rules. Any change in, or addition to, the Applicable Rules, including, without limitation, any change in the General Plan or Specific Plan, zoning or building regulation, adopted or becoming effective after the Effective Date, including, without limitation, any such change by means of ordinance, City Charter amendment, initiative, referendum, resolution, motion, policy, order or moratorium, initiated or instituted for any reason whatsoever and adopted by the City, City Council, Planning Commission or any other board, commission, department or agency of the City, or any officer or employee thereof, or by the electorate, as the case may be, which would, absent this Agreement, otherwise be applicable to the Property, Site, and/or to the Project and which would conflict in any way with the Applicable Rules, Project Approvals, or this Agreement, or in any way reduce the development rights or assurances provided by this Agreement, shall not be applied to the Property (or any One of the Properties), Site, or Project unless such changes represent an exercise of City’s Reserved Powers, or are otherwise agreed to in this Agreement. It is expressly understood and agreed that Developer has the right to develop, improve, and use the Property (and each One of the Properties) and the Site for short-term vacation rentals pursuant to Article 5 [SHORT TERM VACATION RENTALS/TRANSIENT OCCUPANCY TAXES] of this Agreement. The right to apply for a new or renewal permit, and the City’s ability to review and issue a new or renewal permit, for short-term vacation rentals on the Property (or any One of the Properties), Site, or Project, shall be allowed and authorized by this Agreement. Notwithstanding the foregoing paragraph, Developer may, in its sole discretion, consent in writing to the application to the Property (which shall mean each One of the Properties), Site, and/or Project of any change in the Applicable Rules. (B) Changes in Uniform Codes. Notwithstanding any provision of this Agreement to the contrary, development and use of the Property, Site, and Project shall be subject to changes which may occur from time to time in the Uniform Codes, as such Codes are adopted by the City of La Quinta. 204 2905/015610-0183 17230608.13 a02/10/22 -12- (C) Changes Mandated by Federal or State Law. This Agreement shall not preclude the application to the Property, Site, and Project of changes in, or additions to, the Applicable Rules, including rules, regulations, ordinances and official policies, to the extent that such changes or additions are mandated to be applied to developments such as this Project by state or federal regulations, pursuant to the Reserved Powers. In the event state or federal laws or regulations prevent or preclude compliance with one or more provisions of this Agreement, such provisions shall be modified or suspended only to the extent necessary to comply with such state or federal laws or regulations. 2.2.3 Subsequent Development Review. Except as expressly reserved in this Agreement (including the right to apply for a new or renewal permit, and the City’s review and issuance of a new or renewal permit, for short-term vacation rentals), nothing shall impair or interfere with the right of City to require the processing of permits as required by law pursuant to the applicable provisions of the La Quinta Municipal Code and the provisions of Uniform Codes. 2.2.4 Effective Development Standards. City agrees that it is bound to permit the uses, intensities of use, and densities of development on the Property (and each One of the Properties) and Site which are permitted by this Agreement and the Project Approvals, insofar as this Agreement and the Project Approvals so provide or as otherwise set forth in the Applicable Rules. City hereby agrees that it will not unreasonably withhold, delay or condition any approvals and/or permits which must be issued by City in order for the Project to proceed and for the Property and Site to be used for the authorized uses herein, provided that Developer reasonably and satisfactorily complies with all applicable procedures for processing applications for such approvals and/or permits. 3. DEVELOPER’S OBLIGATIONS 3.1 Development of the Project; Planned Development. Developer shall construct the Project on the Site only in accordance with the Project Approvals. As depicted in the Project Approvals, as the same may be updated or amended from time to time consistent with the terms hereof, the Project shall consist of a residential single-family development specifically developed and available for residential purposes, and may be the residents’ primary residence or secondary residences, and/or may be used for short-term vacation rentals, with the following components: (A) Annual permitting fees to be consistent with the City’s fee program; (B) Any rental or occupancy of 30 nights or less to be subject to the City’s then-current transient occupancy tax (“TOT”) for short-term vacation rentals; (C) Rental or occupancy agreements, and material renter or occupant information, shall be retained for a minimum of three (3) years (or other retention period as may 205 2905/015610-0183 17230608.13 a02/10/22 -13- be approved by City policy or code) by the Developer or Developer’s authorized management company for the short-term vacation rentals at the Site; (D) Occupancy in any residence, including residences used as short- term vacation rentals, shall be capped at two (2) persons per bedroom, plus no more than four (4) additional occupants; and (E) All residences at the Site (and on each One of the Properties) shall allow for transient occupancy, which means occupancy for thirty (30) days or less. 3.2 Compliance with Government Code Section 66473.7 Developer shall comply with the provisions of Government Code Section 66473.7 with respect to any Tract Maps prepared for the Project. 3.3 Performance Schedule Developer shall plan, design and construct the Project in a timely manner, generally in accordance with the Performance Schedule attached hereto as Exhibit D. The Parties acknowledge and agree that the Performance Schedule is a general sequencing of the phases of the Project, and such sequencing may be modified by Developer to effectuate construction and end-use efficiencies. If Developer, in its good faith discretion, anticipates or decides a phase of the Project may need to be removed or an additional phase of the Project should be added, or the timing for completion of phases should be revised, the Performance Schedule may be amended by mutual written agreement of the Parties. The City may approve or deny a requested amendment to the Performance Schedule in its reasonable discretion, provided that such approval shall not be unreasonably withheld or delayed. In evaluating a Developer request for an amendment to the Performance Schedule, the City shall give strong consideration and latitude to Developer in the Developer’s good faith exercise of business judgement based on market conditions and other factors Developer deems appropriate in connection with the requested amendment. The City Manager is individually authorized to sign such amendments on behalf of the City. 3.4 Funding, Fees, Permits, and Approvals. 3.4.1 No Funding. Developer acknowledges that the City is not providing any funding for the Project. 3.4.2 Fees, Permits, and Approvals Governed by Municipal Code. Except for any permitting or approval process for short-term vacation rentals that would be directly in conflict with Article 5 [SHORT TERM VACATION RENTALS/TRANSIENT OCCUPANCY TAXES] of this Agreement, all permitting and processing fees (including for the permitting and processing of short-term vacation rentals), and all permits and approvals for the Property, Site, and Project, shall be governed by the provisions of the La Quinta Municipal Code and shall be paid and performed in accordance therewith. All such fees and applications submitted to the City shall be processed in accordance with the then-current La Quinta Municipal Code, including the timing provisions therein, and shall not be accorded separate treatment pursuant to this Agreement except for any permitting or approval process for short-term vacation rentals that would be directly in conflict with Article 5 [SHORT TERM VACATION RENTALS/TRANSIENT OCCUPANCY 206 2905/015610-0183 17230608.13 a02/10/22 -14- TAXES] of this Agreement. All City-imposed fees, including the fees for short-term vacation rental permitting, shall be in the amount prescribed by the La Quinta Municipal Code or duly adopted City Council Resolution, in effect at the time the fee is imposed. 3.4.3 Imposition of Existing and Future Fees. Nothing set forth in this Agreement is intended to or shall be construed to limit or restrict the City’s authority to impose its existing, or any new or increased, Citywide fees, charges, levies, or assessments for the development of the Property, Site, or Project, or to impose or increase, subject to the required procedure, any taxes applicable to the Property, Site, or Project, including but not limited to transient occupancy taxes. Developer shall timely pay all applicable fees, charges, levies, assessments, and special and general taxes validly imposed in accordance with the Constitution and laws of the State of California, including without limitation school impact fees in accordance with Government Code §§ 65995 et seq. 3.5 Dedications and Improvements; Improvement Security. In connection with the recordation of any final subdivision map for the Project, Developer shall, through the execution of a subdivision improvement agreement with the City, provide to the City, in a form reasonably acceptable to the City Attorney, improvement security as provided in the City Code to secure the faithful performance of Developer’s obligations under this Agreement to construct the on-site and off-site improvements identified on that map. The terms, amounts and provisions for release of the improvement security shall be as set forth in the City Code. 3.6 Indemnification. Developer shall protect, defend, indemnify and hold harmless City and City’s officers, officials, members, employees, volunteers, agents, and representatives (any of the foregoing shall be known individually as “Indemnitee” and collectively as “Indemnitees”), and each of them, jointly and severally, against and from any and all claims, demands, causes of action, damages, costs, expenses, losses and liabilities, at law or in equity, of every kind or nature whatsoever, including reasonable attorneys’ fees and expert witness fees, arising out of or directly relating to construction and development-related activities on the Site by Developer, and including, without limitation, injury to or death of any person or persons and damage to or destruction of any property, threatened, brought or instituted (“Claims”), excluding those resulting from the negligence or willful misconduct of the City. In the event of any action, litigation, or other adversarial proceeding in any way involving the Claims specified in this section, City agrees, at no cost to City, to cooperate with Developer. Developer shall have the obligation to provide the defense of City in the action, litigation, or other adversarial proceeding, either by providing for legal counsel or, at City’s option, timely paying the legal costs incurred by City in the defense of litigation, even though negligence or gross negligence of Developer or its contractors, subcontractors, agents, employees or other persons acting on its behalf has not been established at the time that the defense is provided. In addition, Developer shall be obligated to promptly pay any final judgment or portion thereof rendered against the Indemnitee or Indemnitees. 207 2905/015610-0183 17230608.13 a02/10/22 -15- In the event of any court action or proceeding challenging the validity of this Agreement or the Project Approvals, Developer shall indemnify, hold harmless, pay all costs and provide defense for City in said action or proceeding with counsel chosen by Developer and reasonably approved by City. City shall, at no cost to City, cooperate with Developer in any such defense as Developer may reasonably request. In the event Developer fails or refuses to provide such defense of any challenge to this Agreement or the Project Approvals, or any component thereof, City shall have the right not to defend such challenge, and to resolve such challenge in any manner it chooses in its sole discretion, including terminating this Agreement. In the event of such termination, Developer, upon written request of City, shall immediately execute a termination document or other document reasonably required by a reputable title company to remove this Agreement as a cloud on title. 3.7 Obligation to Close Escrow; Recording of Agreement. This Agreement shall be valid and binding as of the Effective Date; provided, however, that the terms and conditions set forth in this Agreement affecting the vested rights and ability to develop and use the Property, Site, and Project as set forth herein, shall be contingent upon this Agreement being recorded in the Riverside County Recorder’s Office for Official Records, and this Agreement shall be recorded only if Developer closes escrow for the Property pursuant to the Purchase/Sale Agreement. Upon the close of escrow, this Agreement shall be recorded against the Property. If escrow is cancelled or fails to close pursuant to the Purchase/Sale Agreement, this Agreement shall automatically terminate and be of no further force and effect without the need of either Party hereto to take any additional action in furtherance of said termination. 4. CITY’S OBLIGATIONS 4.1 Scope of Subsequent Review/Confirmation of Compliance Process. Nothing set forth herein shall impair or interfere with the right of City to require the processing of building permits as required by law pursuant to the applicable provisions of the La Quinta Municipal Code and the provisions of City’s Fire Codes and ordinances, Health and Safety Codes and ordinances, and Building, Electrical, Mechanical, and similar building codes. Prior to each request for a building permit, Developer shall provide City with a Compliance Certificate (“Certificate”), in substantially the same form as that attached hereto as Exhibit C. The Certificate shall be distributed to the relevant City departments in order to check the representations made by Developer on the Certificate. 4.2 Project Approvals Independent. All approvals required for the Project which may be or have been granted, and all land use entitlements or approvals generally which have been issued or will be issued by City with respect to the Project, constitute independent actions and approvals by City. If any provision of this Agreement or the application of any provision of this Agreement to a particular situation is held by a court of competent jurisdiction to be invalid or unenforceable, or if this Agreement terminates for any reason, then such invalidity, unenforceability or termination of this Agreement or any part hereof shall not affect the validity or effectiveness of any such Project approvals or other land use approvals and entitlements. In such cases, such approvals and entitlements will remain in effect 208 2905/015610-0183 17230608.13 a02/10/22 -16- pursuant to their own terms, provisions. It is understood by the Parties that pursuant to existing law, if this Agreement terminates or is held invalid or unenforceable as described above, such approvals and entitlements shall not remain valid for the term of this Agreement, but shall remain valid for the term of such approvals and entitlements. 4.3 Review for Compliance. City shall review this Developer’s compliance with the terms of Agreement at least once during every twelve (12) month period following the Effective Date of this Agreement, in accordance with City’s procedures and standards for such review. During such periodic review by City, Developer, upon written request from City, shall be required to demonstrate, and hereby agrees to furnish, evidence of good faith compliance with the terms hereof. The failure of City to conduct or complete the annual review as provided herein or in accordance with the Development Agreement Ordinance shall not impact the validity of this Agreement. If, at the conclusion of the annual review provided for herein, Developer has been found in compliance with this Agreement, City, through the Development Director, shall, at Developer’s written request, issue a Certificate of Compliance to Developer stating that (1) this Agreement remains in full force and effect and (2) Developer is in compliance with this Agreement. The Certificate shall be in recordable form and shall contain information necessary to communicate constructive record notice of the finding of compliance. Developer, at its option and sole cost, may record the Certificate. 5. SHORT TERM VACATION RENTALS/TRANSIENT OCCUPANCY TAXES. 5.1 Short Term Vacation Rental Use. This Agreement expressly provides that short-term vacation rentals are a permitted use on the Property (and each One of the Properties) within the Project that allows residential uses, and the rights to such permitted use are hereby vested pursuant to the terms of this Agreement. Except as expressly provided in this Agreement, the City shall not impose on or apply to the Project or any part thereof (whether by action of the Council, or other legislative body, or by initiative, referendum, or other measure) any ordinance, resolution, standard, directive, condition, or other measure that would prevent, prohibit or materially impair the ability of Developer to apply for and obtain a permit and subsequently use and operate short-term vacation rentals in all residential units within the Project. Notwithstanding the foregoing, and except as expressly provided in this Agreement, short-term vacation rentals on the Property (and each One of the Properties) within the Project shall be subject to Short-Term Vacation Rental Regulations set forth in Chapter 3.25 (or successor provisions) of the La Quinta Municipal Code, including but not limited to violations and penalties for such violations for failing to comply with the City’s Short-Term Vacation Rental Regulations, as long as Developer has the ability to apply for and obtain a permit and subsequently use and operate short-term vacation rentals in all residential units within the Project that are not otherwise subject to a violation or penalty preventing issuance of such permit and allowing such use for failing to comply with the City’s Short-Term Vacation Rental Regulations. Pursuant to the expressed exceptions referenced in the preceding sentence, and due to the unique location, character and history of the Property, the following provisions shall apply to the use and operation of the Property (and each One of the Properties) within the Project: 209 2905/015610-0183 17230608.13 a02/10/22 -17- 5.1.1 Noise Compliance Provisions. Notwithstanding any provision in the La Quinta Municipal Code to the contrary, no radio receiver, musical instrument, phonograph, compact disk player, loudspeaker, karaoke machine, sound amplifier, or any machine, device or equipment that produces or reproduces any sound shall be used outside of any short-term vacation rental unit, or be audible at a level that violates the standards and regulations for permissible noise as set forth in Sections 9.100.210 and 11.08.040 (or successor provisions) of the La Quinta Municipal Code (as measured using standard noise measuring instruments) from the outside of any short-term vacation rental unit, between the hours of 10:00 p.m. and 7:00 a.m. Pacific Standard Time. Observations of noise-related violations shall be made by the City or its authorized designee from any location at which a City official or authorized designee may lawfully be, including but not limited to any public right-of-way, any City-owned public property, and any private property to which the City or its authorized designee has been granted access. 5.1.2 Major Violations. Notwithstanding any provision in the La Quinta Municipal Code to the contrary, City shall not modify, suspend, refuse to renew or revoke a short- term residential permit with respect to any one residential dwelling in the Project except upon two (2) major violations of Chapter 3.25 of the La Quinta Municipal Code or other provisions of the La Quinta Municipal Code within one (1) year by an owner, owner’s agent, occupant or responsible person of such residential dwelling. For purposes of this subsection 5.1.2, a “major violation” shall mean a violation of a particular section of the La Quinta Municipal Code that (i) resulted in a substantial impact on the use and enjoyment of adjacent or nearby properties and that has not been cured or eliminated within thirty (30) minutes after the City has given notice of the violation to the owner or the owner’s authorized agent or representative, or (ii) constituted a clear and present threat to public health and safety. 5.2 Transient Occupancy Tax. All short-term vacation rentals in the Project shall be subject to, and comply with, the City’s Transient Occupancy Ordinance as set forth in Chapter 3.24 of the La Quinta Municipal Code. To the extent the City revises its Transient Occupancy Ordinance after the Effective Date of this Agreement, all short-term vacation rentals in the Project will be subject to those revised or amended provisions unless doing so would violate the vested rights set forth in Section 5.1 of this Agreement. It is the intent of this provision to require, at all times, that all short-term vacation rentals in the Project comply with the City’s requirements and procedures for collecting, reporting and paying the applicable transient occupancy tax, including as those requirements and procedures may be modified during the term of this Agreement. 5.3 Capacity Limit for Short-Term Vacation Rentals Notwithstanding anything to the contrary in the City’s Short-Term Vacation Rental Regulations, all short-term vacation rentals in the Project shall be subject to an occupancy cap of two (2) persons per bedroom, plus no more than four (4) additional occupants. 210 2905/015610-0183 17230608.13 a02/10/22 -18- 5.4 Recordkeeping All short-term vacation rentals in the Project shall be subject to, and comply with, Chapter 3.25 of the La Quinta Municipal Code, including but not limited to the recordkeeping requirements in Section 3.25.070(F) (or successor provisions). Prior to occupancy of a short-term vacation rental unit in the Project, the owner or the owner’s authorized agent or representative shall: 1. Obtain the contact information of the responsible person; and 2. Provide copies of all electronically distributed short-term vacation rental information from the City, including any good neighbor brochure to the responsible person and post in a conspicuous location within the short-term vacation rental unit, in a manner that allows for the information to be viewed in its entirety; and require such responsible person to execute a formal acknowledgement that he or she is legally responsible for compliance by all occupants of the short-term vacation rental unit and their guests with all applicable laws, rules and regulations pertaining to the use and occupancy of the short-term vacation rental unit. This information shall be maintained by the owner or the owner’s authorized agent or representative for a period of three (3) years and be made readily available upon request of any officer of the City responsible for the enforcement of any provision of this code or any other applicable law, rule or regulation pertaining to the use and occupancy of the short-term vacation rental unit. 5.5 Covenants, Conditions and Restrictions. All CC&Rs recorded on any portion of the Project where residential uses are allowed shall expressly authorize short-term vacation rentals for all residential units, consistent with this Agreement and the requirements set forth in Chapter 3.25 of the La Quinta Municipal Code (or successor provisions) that are not in conflict with this Agreement. All such CC&Rs shall state: 1. The operational requirements and standard conditions applicable to short-term vacation rentals in the Project; 2. That all short-term vacation rentals in the Project are subject to the Transient Occupancy Tax pursuant to Chapter 3.24 of the La Quinta Municipal Code; 3. The occupancy limits for the residences, including residences used as short- term vacation rentals; 4. That all short-term vacation rentals must be rented subject to a “rental agreement” as that term is defined in Section 3.25.030 of the La Quinta Municipal Code, as that section existed on the Effective Date of this Agreement. 211 2905/015610-0183 17230608.13 a02/10/22 -19- 6. DEFAULT; REMEDIES; DISPUTE RESOLUTION. 6.1 Notice of Default. In the event of failure by either Party substantially to perform any material term or provision of this Agreement, the non-defaulting Party shall have those rights and remedies provided herein, provided that such non-defaulting Party has first provided to the defaulting Party a written notice of default in the manner required by Section 8.1 hereof identifying with specificity the nature of the alleged default and the manner in which said default may satisfactorily be cured. 6.2 Cure of Default. Upon the receipt of the notice of default, the alleged defaulting Party shall promptly commence to cure, correct, or remedy the identified default at the earliest reasonable time after receipt of the notice of default and shall complete the cure, correction or remedy of such default not later than thirty (30) days after receipt of the notice of default, or, for such defaults that cannot reasonably be cured, corrected or remedied within thirty (30) days, such Party shall commence to cure, correct, or remedy such default within such thirty (30) day period, and shall continuously and diligently prosecute such cure, correction or remedy to completion. 6.3 City Remedies. In the event of an uncured default by Developer of the terms of this Agreement, City, at its option, may institute legal action in law or in equity to cure, correct, or remedy such default, enjoin any threatened or attempted violation, or enforce the terms of this Agreement; provided, however, that in no event shall City be entitled to consequential, punitive or exemplary damages for any Developer default. For purposes of this Agreement the term “consequential damages” shall include, but not be limited to, potential loss of anticipated tax revenues from the Project or any portion thereof. Furthermore, City, in addition to or as an alternative to exercising the remedies set forth in this Section 6.3, in the event of a material uncured default by Developer, may give notice of its intent to terminate or modify this Agreement pursuant to City’s Development Agreement Ordinance and/or the Development Agreement Act, in which event the matter shall be scheduled for consideration and review by the City Council in the manner set forth in the City’s Development Agreement Ordinance or the Development Agreement Act. 6.4 Developer’s Excusive Remedies. The Parties acknowledge that the City would not have entered into this Agreement if it were to be liable in damages under, or with respect to, this Agreement or any of the matters referred to herein including, but not limited to, the Project Approvals, the Applicable Rules or any future amendments or enactments thereto, or the Project. Accordingly, Developer covenants on behalf of itself and its successors and assigns, not to sue the City for damages or monetary relief (except for attorneys’ fees as provided for by Section 8.22) for any breach of this Agreement by City or arising out of or connected with any dispute, controversy, or issue between Developer and City regarding this Agreement or any of the matters referred to herein including but not limited to the application, interpretation, or effect of this Agreement, the Project Approvals, the Applicable Rules or any future amendments or enactments thereto, or the Project, or any land use permits or approvals sought in connection with the development of the Project or any component thereof, or 212 2905/015610-0183 17230608.13 a02/10/22 -20- use of a parcel or any portion thereof, the parties agreeing that declaratory and injunctive relief, mandate, and specific performance shall be Developer’s sole and exclusive judicial remedies. 7. MORTGAGEE PROTECTION; CERTAIN RIGHTS OF CURE 7.1 Encumbrances on the Project Site. This Agreement shall not prevent or limit Developer from encumbering the Site or any portion thereof or any improvements thereon with any mortgage, deed of trust, sale and leaseback arrangement, or any other form of conveyance in which the Site, or a portion thereof or interest therein, is pledged as security, and contracted for in good faith and fair value (a “Mortgage”) securing financing with respect to the construction, development, use or operation of the Project. 7.2 Mortgage Protection. This Agreement shall be superior and senior to the lien of any Mortgage. Notwithstanding the foregoing, no breach of this Agreement shall defeat, render invalid, diminish, or impair the lien of any Mortgage made in good faith and for value, and any acquisition or acceptance of title or any right or interest in or with respect to the Site or any portion thereof by a holder of a beneficial interest under a Mortgage, or any successor or assignee to said holder (a “Mortgagee”) [whether pursuant to foreclosure, trustee’s sale, deed in lieu of foreclosure, lease termination or otherwise] shall be subject to all of the terms and conditions of this Agreement. 7.3 Mortgagee Not Obligated. No Mortgagee will have any obligation or duty under this Agreement to perform the obligations of the Developer or other affirmative covenants of Developer hereunder, or to guarantee such performance, except that (i) the Mortgagee shall have no right to develop or operate the Site without the written consent of the City, and (ii) to the extent that any covenant to be performed by the Developer is a condition to the performance of a covenant by the City, the performance thereof by Mortgagee shall continue to be a condition precedent to the City’s performance hereunder. 7.4 Notice of Default to Mortgagee; Right of Mortgagee to Cure. With respect to any mortgage or deed of trust granted by Developer, whenever City may deliver any notice or demand to Developer with respect to any breach or default by Developer in completion of construction of the Project or any component of the Project, City shall at the same time deliver a copy of such notice or demand to each holder of record of any mortgage or deed of trust which has previously requested such notice in writing. Each such holder shall (insofar as the rights granted by City are concerned) have the right, at its option, within sixty (60) days after the receipt of the notice, to cure or remedy or commence to cure or remedy and thereafter to pursue with due diligence the cure or remedy of any such default and to add the cost thereof to the mortgage debt and the lien of its mortgage. It is understood that a holder shall be deemed to have satisfied the sixty (60) daytime limit set forth above for commencing to cure or remedy a Developer default which requires title and/or possession of the Site (or portion thereof) if and to the extent any such holder has within such sixty (60) day period commenced proceedings to obtain title 213 2905/015610-0183 17230608.13 a02/10/22 -21- and/or possession and thereafter the holder diligently pursues such proceedings to completion and cures or remedies the default. 8. MISCELLANEOUS 8.1 Notices, Demands and Communications Between the Parties. Any approval, disapproval, demand, document or other notice (“Notice”) which either Party may desire to give to the other Party under this Agreement must be in writing and shall be sufficiently given if (i) delivered by hand, (ii) delivered by reputable same-day or overnight messenger service that provides a receipt showing date and time of delivery, or (iii) dispatched by registered or certified mail, postage prepaid, return receipt requested, to the principal offices of City and Developer at the addresses specified below, or at any other address as that Party may later designate by Notice. To City: City of La Quinta 78-495 Calle Tampico La Quinta, California 92253 Attn: Community Development Director With a copy to: Rutan & Tucker, LLP 18575 Jamboree Road, 9th Floor Irvine, California 92612 Attn: William H. Ihrke To Developer: GTGF, LLC 800 W. Olympic Blvd Ste.305 Los Angeles, California 90015 Attn: Sean Breuner With copies to: Nethery/Mueller/Olivier LLP 41750 Rancho Las Palmas Dr. Suite H-1 Rancho Mirage, CA 92270 Attn: Daniel Olivier Any written notice, demand or communication shall be deemed received immediately if personally delivered or delivered by delivery service and shall be deemed received on the third day from the date it is postmarked if delivered by registered or certified mail. 8.2 Force Majeure. In addition to specific provisions of this Agreement, performance by either Party hereunder shall not be deemed to be in default, and all performance and other dates specified in this 214 2905/015610-0183 17230608.13 a02/10/22 -22- Agreement shall be extended, where delays or Defaults are due to causes beyond the control or without the fault of the Party claiming an extension of time to perform, which may include the following (each, a “Force Majeure”): war; insurrection; acts of terrorism; strikes; lockouts; riots; floods; earthquakes; fires; casualties; acts of God; acts of the public enemy; epidemics; quarantine restrictions; freight embargoes; lack of transportation; governmental restrictions or priority imposed or mandated by other governmental entities; unusually severe weather; inability to secure necessary labor, materials or tools; delays of any contractor, subcontractor or supplier; acts or omissions of the other Party; or acts or failures to act of any public or governmental agency or entity (other than the acts or failures to act of City which shall not excuse performance by City), or any other causes beyond the control or without the fault of the party claiming an extension of time to perform. Notwithstanding anything to the contrary in this Agreement, an extension of time for any such cause shall only be for the period of the enforced delay and shall commence to run from the time of the commencement of the cause, if notice by the Party claiming such extension is sent to the other Party within thirty (30) days of the commencement of the cause. Times of performance under this Agreement may also be extended in writing by the mutual agreement of City and Developer. Notwithstanding the paragraph above, Developer is not entitled pursuant to this Section 8.2 to an extension of time to perform because of past, present, or future difficulty in obtaining suitable construction or permanent financing for the development of the Site, or because of economic or market conditions. 8.3 Binding Effect. This Agreement, and all of the terms and conditions hereof, shall be binding upon and inure to the benefit of the Parties, any subsequent owner of all or any portion of the Project or the Site, and their respective assigns, heirs or successors in interest, whether or not any reference to this Agreement is contained in the instrument by which such person acquired an interest in the Project or the Site. 8.4 Independent Entity. The Parties acknowledge that, in entering into and performing this Agreement, each of Developer and City is acting as an independent entity and not as an agent of the other in any respect. 8.5 Agreement Not to Benefit Third Parties. This Agreement is made for the sole benefit of the Parties, and no other person shall be deemed to have any privity of contract under this Agreement nor any right to rely on this Agreement to any extent for any purpose whatsoever, nor have any right of action of any kind on this Agreement nor be deemed to be a third-party beneficiary under this Agreement. 8.6 Covenants. The provisions of this Agreement shall constitute mutual covenants which shall run with the land comprising the Site for the benefit thereof, and for the benefit of City, and the burdens 215 2905/015610-0183 17230608.13 a02/10/22 -23- and benefits hereof shall bind and inure to the benefit of each of the Parties hereto and all successors in interest to the Parties hereto for the term of this Agreement. 8.7 Non-liability of City Officers and Employees. No official, officer, employee, agent or representative of City, acting in his/her official capacity, shall be personally liable to Developer, or any successor or assign, for any loss, costs, damage, claim, liability, or judgment, arising out of or connection to this Agreement, or for any act or omission on the part of City. 8.8 Covenant Against Discrimination. Developer and City covenant and agree, for themselves and their respective successors and assigns, that there shall be no discrimination against, or segregation of, any person or group or persons on account of race, color, creed, religion, sex, marital status, national origin or ancestry, or any other impermissible classification, in the performance of this Agreement. Developer shall comply with the Americans with Disabilities Act of 1990, as amended (42 U.S.C. §§ 12101, et seq.). 8.9 No Waiver. No waiver of any provision of this Agreement shall be effective unless in writing and signed by a duly authorized representative of the Party against whom enforcement of a waiver is sought and referring expressly to this Section. No delay or omission by either Party in exercising any right or power accruing upon non-compliance or failure to perform by the other Party under any of the provisions of this Agreement shall impair any such right or power or be construed to be a waiver thereof, except as expressly provided herein. No waiver by either Party of any of the covenants or conditions to be performed by the other Party shall be construed or deemed a waiver of any succeeding breach or nonperformance of the same or other covenants and conditions hereof. 8.10 Severability. If any term, provision, covenant or condition of this Agreement is held by a court of competent jurisdiction to be invalid, void or unenforceable, the remaining provisions of this Agreement shall continue in full force and effect, to the extent that the invalidity or unenforceability does not impair the application of this Agreement as intended by the Parties. 8.11 Cooperation in Carrying Out Agreement. Each Party shall take such actions and execute and deliver to the other all such further instruments and documents as may be reasonably necessary to carry out this Agreement in order to provide and secure to the other Party the full and complete enjoyment of its rights and privileges hereunder. 8.12 Estoppel Certificate. Either Party may, at any time, deliver written notice to any other Party requesting such Party to certify in writing that, to the best knowledge of the certifying Party, (i) this Agreement is 216 2905/015610-0183 17230608.13 a02/10/22 -24- in full force and effect and a binding obligation of the Parties, (ii) this Agreement has not been amended or modified either orally or in writing, or if so amended, identifying the amendments, (iii) the requesting Party is not in default in the performance of its obligations under this Agreement, or if in default, describing the nature and amount of any such defaults, and (iv) any other reasonable information requested. A Party receiving a written request hereunder shall execute and return such requested certificate within twenty (20) days following receipt of such request. The form of the requested estoppel certificate shall be reasonably approved by the receiving party. The City Manager is authorized to sign and deliver an estoppel certificate on behalf of City. City acknowledges that a certificate hereunder may be relied upon by transferees and Mortgagees. 8.13 Construction. The terms of this Agreement shall be construed in accordance with the meaning of the language used and shall not be construed for or against either Party by reason of the authorship of this Agreement or any other rule of construction that might otherwise apply. As used in this Agreement, and as the context may require, the singular includes the plural and vice versa, and the masculine gender includes the feminine and vice versa. 8.14 Recordation. This Agreement shall be recorded with the County Recorder of Riverside County at Developer’s cost, if any, within the period required by Government Code Section 65868.5. Amendments approved by the Parties, and any cancellation or termination of this Agreement, shall be similarly recorded. 8.15 Captions and References. The captions of the paragraphs and subparagraphs of this Agreement are solely for convenience of reference, and shall be disregarded in the construction and interpretation of this Agreement. Reference herein to a paragraph or exhibit are the paragraphs, subparagraphs and exhibits of this Agreement. 8.16 Time. Time is of the essence in the performance of this Agreement and of each and every term and condition hereof as to which time is an element. 8.17 Recitals & Exhibits Incorporated; Entire Agreement. The Recitals to this Agreement and all of the exhibits and attachments to this Agreement are, by this reference, incorporated into this Agreement and made a part hereof. This Agreement, including all Exhibits attached hereto, constitutes the entire agreement between the Parties with respect to the subject matter of this Agreement, and this Agreement supersedes all previous negotiations, discussions and agreements between the Parties, and no parole evidence of any prior or other agreement shall be permitted to contradict or vary the terms hereof. 217 2905/015610-0183 17230608.13 a02/10/22 -25- 8.18 Exhibits. Exhibits “A” -”E” to which reference is made in this Agreement are deemed incorporated herein in their entirety, whether or not such exhibits are attached hereto in full. Said exhibits are identified as follows: A Legal Description of the Property and the Site B Site Map C. Compliance Certificate D. Performance Schedule E. Chapter 3.25 of LQMC 8.19 Counterpart Signature Pages. For convenience the Parties may execute and acknowledge this agreement in counterparts and when the separate signature pages are attached hereto, shall constitute one and the same complete Agreement. 8.20 Authority to Execute; Representations and Warranties. Developer warrants and represents that (i) it is duly organized and existing, (ii) it is duly authorized to execute and deliver this Agreement, (iii) by so executing this Agreement, Developer is formally bound to the provisions of this Agreement, and (iv) Developer’s entering into and performance of its obligations set forth in this Agreement do not violate any provision of any other agreement to which Developer is bound, and (v) there is no existing or threatened litigation or legal proceeding of which Developer is aware which could prevent Developer from entering into or performing its covenants and obligations set forth in this Agreement. City warrants and represents that the person or persons executing this Agreement on its behalf have been duly authorized to execute this Agreement and bind the City to all covenants and obligations set forth in this Agreement. 8.21 City Approvals and Actions. Whenever a reference is made in this Agreement to an action or approval to be undertaken by the City, or for any amendment, interpretation, or implementing documents required under this Agreement, the City Manager or his or her authorized designee is authorized to act on behalf of the City unless specifically provided otherwise in this Agreement or the law otherwise requires. 8.22 Governing Law; Litigation Matters. The internal laws of the State of California shall govern the interpretation and enforcement of this Agreement without regard to conflicts of law principles. Any action at law or in equity brought by either Party hereto for the purpose of enforcing, construing, or interpreting the validity of this Agreement or any provision hereof shall be brought in the Superior Court of the State of 218 2905/015610-0183 17230608.13 a02/10/22 -26- California in and for the County of Riverside, or such other appropriate court in said county, and the Parties hereto waive all provisions of law providing for the filing, removal, or change of venue to any other court. Service of process on City shall be made in accordance with California law. Service of process on Developer shall be made in any manner permitted by California law and shall be effective whether served inside or outside of California. In the event of any action between the Parties hereto seeking enforcement of any of the terms of this Agreement or otherwise arising out of this Agreement, the prevailing Party in such litigation shall be awarded, in addition to such relief to which such Party is entitled, its reasonable attorney’s fees, expert witness fees, and litigation costs and expenses. 8.23 No Brokers. Each of the City and the Developer represents to the other party that it has not engaged the services of any finder or broker and that it is not liable for any real estate commissions, broker’s fees, or finder’s fees which may accrue by means of this Agreement and agrees to hold harmless the other party from such commissions or fees as are alleged to be due from the party making such representations. 219 2905/015610-0183 17230608.13 a02/10/22 -27- IN WITNESS WHEREOF, Developer and City have executed this Agreement as of the Reference Date. “DEVELOPER” GTGF, LLC, a Delaware limited liability company By: Its: “CITY” CITY OF LA QUINTA, a California municipal corporation By: ___________________________ Name: Jon McMillen Title: City Manager ATTEST: Monika Radeva City Clerk APPROVED AS TO FORM RUTAN & TUCKER, LLP William H. Ihrke City Attorney 220 2905/015610-0183 17230608.13 a02/10/22 EXHIBIT A EXHIBIT “A” LEGAL DESCRIPTION OF SITE [attached] 221 2905/015610-0183 17230608.13 a02/10/22 EXHIBIT A -1- 222 2905/015610-0183 17230608.13 a02/10/22 EXHIBIT B EXHIBIT “B” SITE MAP [attached] 223 2905/015610-0183 17230608.13 a02/10/22 EXHIBIT B -1- 224 2905/015610-0183 17230608.13 a02/10/22 EXHIBIT B -2- 225 2905/015610-0183 17230608.13 a02/10/22 EXHIBIT C -1- EXHIBIT “C” COMPLIANCE CERTIFICATE (GTGF, LLC DEVELOPMENT AGREEMENT) The undersigned, GTGF, LLC, a Delaware limited liability company (“Developer”), pursuant to that certain Development Agreement dated _______________, 2022, (the “Development Agreement”), by and among Developer and the City of La Quinta, a California municipal corporation and charter city (the “City”) by its signature below hereby certifies to the City, for the City’s reliance that: 1. Capitalized terms not defined herein shall have the same meaning as set forth in the Development Agreement; 2. The undersigned is familiar with the certifications and representations set forth in this Compliance Certificate; 3. Developer has performed and complied with its obligations under the Development Agreement to be performed or complied with by it on or prior to the date hereof. 4. [CITY MAY INSERT ANY ADDITIONAL CONDITIONS UNDER THE DEVELOPMENT AGREEMENT TO BE SATISFIED PRIOR TO ISSUING BUILDING PERMIT]. IN WITNESS WHEREOF, this Compliance Certificate is executed effective the ______ day of _______________, ______, under penalty of perjury under the laws of California. GTGF, LLC, a Delaware limited liability company By: Its: By: Its: 226 2905/015610-0183 17230608.13 a02/10/22 EXHIBIT D -1- EXHIBIT “D” PERFORMANCE SCHEDULE Item of Performance Start Completion TR 36279 (Improved Lots) On-site and off-site improvements N/A Complete TR 33085 (Vacant Lots) Permitting Grading and Engineering Permits April 2022 Within 6 months of application Building Permits October 2022 Within 6 months of application Construction of Project Components Construct off-site improvements N/A Complete Construct all on-site improvements (rough grade, walls, street, storm drain, water, sewer, dry utilities, and landscaping) November 2022 May 2023 Place monuments December 2022 May 2023 Begin construction of 7 residential units April 2023 May 2023 Completion of construction of 7 residential units December 2023 March 2024 Obtain Certificate of Occupancy for 7 residential units March 2024 April 2024 227 2905/015610-0183 17230608.13 a02/10/22 EXHIBIT E EXHIBIT “E” CHAPTER 3.25 OF LA QUINTA MUNICIPAL CODE AS OF EFFECTIVE DATE (for reference only) [attached] 228 Title 3 - REVENUE AND FINANCE Chapter 3.25 SHORT-TERM VACATION RENTALS La Quinta, California, Municipal Code Created: 2021-12-15 15:04:50 [EST] (Supp. No. 2, Update 2) Page 1 of 15 Chapter 3.25 SHORT-TERM VACATION RENTALS 3.25.010 Title. This chapter shall be referred to as the "Short-Term Vacation Rental Regulations." (Ord. 590 § 1(Exh. A), 3-16-2021; Ord. 586 § 1(Exh. A), 12-15-2020; Ord. 572 § 1, 2018; Ord. 563 § 1, 2017; Ord. 501 § 2, 2012) 3.25.020 Purpose. A. The purpose of this chapter is to establish regulations for the use of privately owned residential dwellings as short-term vacation rentals that ensure the collection and payment of transient occupancy taxes (TOT) as provided in Chapter 3.24 of this code, and minimize the negative secondary effects of such use on surrounding residential neighborhoods. B. This chapter is not intended to provide any owner of residential property with the right or privilege to violate any private conditions, covenants and restrictions applicable to the owner's property that may prohibit the use of such owner's residential property for short-term vacation rental purposes as defined in this chapter. C. The requirements of this chapter shall be presumed to apply to any residential dwelling that has received a short-term vacation rental permit. A rebuttable presumption arises that, whenever there is an occupant(s), paying rent or not, of a residential dwelling that has received a short-term vacation rental permit, the requirements of this chapter shall apply, including but not limited to any suspension or other modifications imposed on a short-term vacation rental permit as set forth in this chapter. The city manager or authorized designee shall have the authority to implement any necessary or appropriate policies and procedures to implement the rebuttable presumption set forth in this section. (Ord. 590 § 1(Exh. A), 3-16-2021; Ord. 586 § 1(Exh. A), 12-15-2020; Ord. 572 § 1, 2018; Ord. 563 § 1, 2017; Ord. 501 § 2, 2012) 3.25.030 Definitions. For purposes of this chapter, the following words and phrases shall have the meaning respectively ascribed to them by this section: "Advertise,""advertisement,""advertising,""publish," and "publication" mean any and all means, whether verbal or written, through any media whatsoever whether in use prior to, at the time of, or after the enactment of the ordinance amending this chapter, used for conveying to any member or members of the public the ability or availability to rent a short-term vacation rental unit as defined in this section, or used for conveying to any member or members of the public a notice of an intention to rent a short-term vacation rental unit as defined in this section. For purposes of this definition, the following media are listed as examples, which are not and shall not be construed as exhaustive: verbal or written announcements by proclamation or outcry, newspaper advertisement, magazine advertisement, handbill, written or printed notice, printed or poster display, billboard display, e-mail or other electronic/digital messaging platform, electronic commerce/commercial Internet websites, and any and all other electronic media, television, radio, satellite-based, or Internet website. "Applicable laws, rules and regulations" means any laws, rules, regulations and codes (whether local, state or federal) pertaining to the use and occupancy of a privately owned dwelling unit as a short-term vacation rental. 229 Created: 2021-12-15 15:04:50 [EST] (Supp. No. 2, Update 2) Page 2 of 15 "Applicant" means the owner of the short-term vacation rental unit. "Authorized agent or representative" means a designated agent or representative who is appointed by the owner and also is responsible for compliance with this chapter with respect to the short-term vacation rental unit. "Booking transaction" means any reservation or payment service provided by a person or entity who facilitates a home-sharing or vacation rental (including short-term vacation rental) transaction between a prospective occupant and an owner or owner's authorized agent or representative. "City manager" means that person acting in the capacity of the city manager of the city of La Quinta or authorized designee. "Declaration of non-use" means the declaration described in Section 3.25.050. "Dwelling" has the same meaning as set forth in Section 9.280.030 (or successor provision, as may be amended from time to time) of this code; "dwelling" does not include any impermanent, transitory, or mobile means of temporary lodging, including but not limited to mobile homes, recreational vehicles (RVs), car trailers, and camping tents. "Estate home" is defined as a single-family detached residence with five (5) or more bedrooms, subject to evaluation criteria and inspection of the property pursuant to Section 3.25.060(D)(1). An estate home is a sub-type of short-term vacation rental unit and shall be subject to a general short-term vacation rental permit, primary residence short-term vacation rental permit, or homeshare short-term vacation rental permit, as applicable, pursuant to this chapter. "General short-term vacation rental permit" is a type of short-term vacation rental permit that is neither a homeshare short-term vacation rental permit nor a primary residence short-term vacation rental permit. "Good neighbor brochure" means a document prepared by the city that summarizes the general rules of conduct, consideration, and respect, including, without limitation, provisions of this code and other applicable laws, rules or regulations pertaining to the use and occupancy of short-term vacation rental units. "Homeshare short-term vacation rental permit" is a type of short-term vacation rental permit whereby the owner hosts visitors in the owner's dwelling, for compensation, for periods of thirty (30) consecutive calendar days or less, while the owner lives on-site and in the dwelling, throughout the visiting occupant's stay. "Hosting platform" means a person or entity who participates in the home-sharing or vacation rental (including short-term vacation rental) business by collecting or receiving a fee, directly or indirectly through an agent or intermediary, for conducting a booking transaction using any medium of facilitation, including but not limited to the Internet. "Local contact person" means the person designated by the owner or the owner's authorized agent or representative who shall be available twenty-four (24) hours per day, seven (7) days per week with the ability to respond to the location within thirty (30) minutes for the purpose of: (1) taking remedial action to resolve any such complaints; and (2) responding to complaints regarding the condition, operation, or conduct of occupants of the short-term vacation rental unit. A designated local contact person must obtain a business license otherwise required by Sections 3.24.060 and 3.28.020 (or successor provisions, as may be amended from time to time) of this code. "Notice of permit modification, suspension or revocation" means the notice the city may issue to an applicant, authorized agent or representative, local contact person, occupant, owner, responsible person, or any other person or entity authorized to be issued such notice under this code for a short-term vacation rental unit, upon a determination by the city of a violation of this chapter or other provisions of this code relating to authorized uses of property subject to this chapter. "Occupant" means any person(s) occupying the dwelling at any time. 230 Created: 2021-12-15 15:04:50 [EST] (Supp. No. 2, Update 2) Page 3 of 15 "Owner" means the person(s) or entity(ies) that hold(s) legal and/or equitable title to the subject short-term vacation rental. "Primary residence" means a dwelling where an owner spends the majority of the calendar year on the property used as a short-term vacation rental unit, and the property is identified in the Riverside County assessor's record as the owner's primary residence. "Primary residence short-term vacation rental permit" is a type of short-term vacation rental permit whereby the short-term vacation rental unit is the owner's primary residence, as defined herein in this section. "Property" means a residential legal lot of record on which a short-term vacation rental unit is located. "Rent" has the same meaning as set forth in Section 3.24.020 (or successor provision, as may be amended from time to time) of this code. "Rental agreement" means a written or verbal agreement for use and occupancy of a privately-owned residential dwelling that has been issued a short-term vacation rental permit, including a dwelling that may have a permit which has been or is under suspension. "Responsible person" means the signatory of an agreement for the rental, use and occupancy of a short-term vacation rental unit, and/or any person(s) occupying the short-term vacation rental unit without a rental agreement, including the owner(s), owner's authorized agent(s) or representative(s), local contact(s), and their guests, who shall be an occupant of that short-term vacation rental unit, who is at least twenty-one (21) years of age, and who is legally responsible for ensuring that all occupants of the short-term vacation rental unit and/or their guests comply with all applicable laws, rules and regulations pertaining to the use and occupancy of the subject short-term vacation rental unit. "Short-term vacation rental permit" means a permit that permits the use of a privately owned residential dwelling as a short-term vacation rental unit pursuant to the provisions of this chapter, and which incorporates by consolidation a transient occupancy permit and a business license otherwise required by Sections 3.24.060 and 3.28.020 (or successor provisions, as may be amended from time to time) of this code. A short-term vacation rental permit is one (1) of the following types: (1) general short-term vacation rental permit, (2) primary residence short-term vacation rental permit, or (3) homeshare short-term vacation rental permit, as defined in this section. "Short-term vacation rental unit" means a privately owned residential dwelling, such as, but not limited to, a single-family detached or multiple-family attached unit, apartment house, condominium, cooperative apartment, duplex, or any portion of such dwellings and/or property and/or yard features appurtenant thereto, rented for occupancy and/or occupied for dwelling, lodging, or any transient use, including but not limited to sleeping overnight purposes for a period of thirty (30) consecutive calendar days or less, counting portions of calendar days as full days, by any person(s) with or without a rental agreement. "STVR" may be used by city officials as an abbreviation for "short-term vacation rental." "Suspension" means that short-term vacation rental permit that is suspended pursuant to Section 3.25.090. "Tenant" or "transient," for purposes of this chapter, means any person who seeks to rent or who does rent, or who occupies or seeks to occupy, for thirty (30) consecutive calendar days or less, a short-term vacation rental unit. (Ord. 595 § 1(Exh. A), 6-15-2021; Ord. 590 § 1(Exh. A), 3-16-2021; Ord. 586 § 1(Exh. A), 12-15-2020; Ord. 572 § 1, 2018; Ord. 563 § 1, 2017; Ord. 501 § 2, 2012) 3.25.040 Authorized agent or representative. A. Except for the completion of an application for a short-term vacation rental permit and business license, the owner may designate an authorized agent or representative to ensure compliance with the requirements of 231 Created: 2021-12-15 15:04:50 [EST] (Supp. No. 2, Update 2) Page 4 of 15 this chapter with respect to the short-term vacation rental unit on his, her or their behalf. Nevertheless, the owner shall not be relieved from any personal responsibility and personal liability for noncompliance with any applicable law, rule or regulation pertaining to the use and occupancy of the subject short-term vacation rental unit, regardless of whether such noncompliance was committed by the owner's authorized agent or representative or the occupants of the owner's short-term vacation rental unit or their guests. B. The owner must be the applicant for and holder of a short-term vacation rental permit and business license and shall not authorize an agent or a representative to apply for or hold a short-term vacation rental permit and business license on the owner's behalf. The owner's signature is required on all short-term vacation rental application forms, and the city may prescribe reasonable requirements to verify that an applicant or purported owner is the owner in fact. (Ord. 590 § 1(Exh. A), 3-16-2021; Ord. 586 § 1(Exh. A), 12-15-2020; Ord. 572 § 1, 2018; Ord. 563 § 1, 2017; Ord. 501 § 2, 2012) 3.25.050 Short-term vacation rental permit—Required. A. The owner is required to obtain a short-term vacation rental permit and a business license from the city before the owner or the owner's authorized agent or representative may rent or advertise a short-term vacation rental unit. No short-term vacation rental use may occur in the city except in compliance with this chapter. No property in the city may be issued a short-term vacation rental permit or used as a short-term vacation rental unit unless the property is a residential dwelling that complies with the requirements of this chapter. B. A short-term vacation rental permit and business license shall be valid for one (1) year and renewed on an annual basis in order to remain valid. 1. A short-term vacation rental permit and business license renewal application shall be submitted no earlier than sixty (60) calendar days but no later than thirty (30) calendar days prior to the permit's expiration date. Failure to renew a short-term vacation rental permit as prescribed in this section may result in the short-term vacation rental permit being terminated. 2. A new owner of a property (or a new person and/or new entity that owns or controls a business or organization or other entity of any kind, such as a limited liability company, which is the owner of a property) previously operated as a short-term vacation rental unit by the former owner (or by a former person or entity that owned or controlled the business or organization or other entity of any kind that continues to be the owner of the property) may not renew the previous owner's short-term vacation rental permit and shall apply for a new short-term vacation rental permit, pursuant to this chapter, if the new owner (or new person and/or new entity that owns or controls a business or organization or other entity of any kind that continues to be the owner of a property) wants to continue to use the residential dwelling as a short-term vacation rental unit. 3. If an owner or an owner's authorized agent or representative, pursuant to all applicable laws, constructs additional bedrooms to an existing residential dwelling or converts non-bedroom spaces and areas in an existing residential dwelling into additional bedrooms, the owner or owner's authorized agent or representative shall notify the city and update the short-term vacation rental unit's online registration profile upon city approval of the addition or conversion so that the city may confirm that such conversion is consistent with this chapter and the code, including all applicable provisions in Title 8 of the code, and reissue the short-term vacation rental permit so that it accurately identifies the number of approved bedrooms, if the owner wants to continue to use the dwelling as a short-term vacation rental unit. The city may conduct an onsite inspection of the property to verify compliance with this chapter and the code. Code compliance inspections may be billed for full cost recovery at one (1) hour for initial inspection and in thirty (30)-minute increments for each follow-up inspection pursuant to subsection D. For purposes of 232 Created: 2021-12-15 15:04:50 [EST] (Supp. No. 2, Update 2) Page 5 of 15 this chapter, "reissue" or "reissuance" of a short-term vacation rental permit means a permit that is reissued by the city, with corrected information, as applicable, to be valid for the balance of the existing one (1)-year permit and license period. C. A short-term vacation rental permit and business license shall be valid only for the number of bedrooms in a residential dwelling equal to the number of bedrooms the city establishes as eligible for listing as a short- term vacation rental unit and shall not exceed the number of bedrooms allowable for the number of occupants as set forth in Section 3.25.070. The allowable number of bedrooms shall meet all applicable requirements under federal, state and city codes, including, but not limited to, the provisions of Section 9.50.100 (or successor provision, as may be amended from time to time) governing "additional bedrooms" and all applicable building and construction codes in Title 8 of this code. A short-term vacation rental permit shall not issue for, or otherwise authorize the use of, additional bedrooms converted from non-bedroom spaces or areas in an existing residential dwelling except upon express city approval for the additional bedrooms in compliance with this code, including Section 9.50.100 (or successor provision, as may be amended from time to time), and upon approval of an application for a new or renewed short-term vacation rental permit as provided in subsection B. D. A short-term vacation rental permit and business license shall not be issued, and may be suspended or permanently revoked, if the property, or any building, structure, or use or land use on the property is in violation of this code. The city may conduct an inspection of the property prior to the issuance or renewal of a short-term vacation rental permit and/or business license. Code compliance inspections may be billed for full cost recovery at one (1) hour for initial inspection and in thirty (30)-minute increments for each follow-up inspection. For purposes of this subsection, a code violation exists if, at the time of the submittal of an application for a new or renewed short-term vacation rental permit or business license, the city has commenced administrative proceedings by issuing written communication and/or official notice to the owner or owner's responsible agent or representative of one (1) or more code violations. For purposes of this chapter, "building," "structure," and "use or land use" have the same meanings as set forth in Section 9.280.030 (or successor provisions, as may be amended from time to time) of this code. E. A short-term vacation rental permit and business license shall not be issued or renewed, and may be suspended or permanently revoked, if any portion of transient occupancy tax has not been reported and/or remitted to the city for the previous calendar year by the applicable deadline for the reporting and/or remittance of the transient occupancy tax. F. A short-term vacation rental permit and business license shall not be issued or renewed, and may be suspended or permanently revoked, if the residential dwelling to be used as a short-term rental unit lacks adequate onsite parking. For purposes of this subsection, "adequate onsite parking" shall be determined by dividing the total number of occupants commensurate with the approved number of bedrooms as provided in the table under Section 3.25.070 by four (4), such that the ratio of the total number of occupants to onsite parking spots does not exceed four to one (4:1). For example, a residential dwelling with five (5) bedrooms may permissibly host a total number of ten occupants and therefore requires three (3) on-site parking spots. Onsite parking shall be on an approved driveway, garage, and/or carport areas only in accordance with Section 3.25.070(R), and no more than two (2) street parking spots may count towards the number of on-site parking spots necessary to meet the "adequate onsite parking" requirement under this subsection. G. An owner or owner's authorized agent or representative who claims not to be operating a short-term vacation rental unit or who has obtained a valid short-term vacation rental permit and business license pursuant to this chapter, may voluntarily opt-out of the requirements of this chapter, prior to the issuance or expiration of a short-term vacation rental permit and business license that are applicable to the short-term vacation rental unit, only upon the owner, the owner's authorized agent or representative and/or the owner's designated local contact person executing, under penalty of perjury, a declaration of non-use as a short-term vacation rental unit, in a form prescribed by the city (for purposes of this chapter, a "declaration of non-use"). Upon the receipt and filing by the city of a fully executed declaration of non-use, the owner or 233 Created: 2021-12-15 15:04:50 [EST] (Supp. No. 2, Update 2) Page 6 of 15 owner's authorized agent representative shall be released from complying with this chapter as long as the property is not used as a short-term vacation rental unit. Use of the property as a short-term vacation unit after the city's receipt and filing of a declaration of non-use, is a violation of this chapter. If, after a declaration of non-use has been received and filed by the city, the owner or owner's authorized agent or representative wants to use that property as a short-term vacation rental unit, the owner shall apply for a new short-term vacation rental permit and business license and fully comply with the requirements of this chapter and the code; provided, however, that if a short-term vacation rental permit is or will be suspended on the date an owner or owner's authorized agent or representative submits to the city a declaration of non- use for the short-term vacation rental unit under suspension, then the owner may apply for a new short- term vacation rental permit and business license only after twelve (12) consecutive months have elapsed from the date of the declaration of non-use, and the owner and owner's authorized agent or representative otherwise shall fully comply with the requirements of this chapter and the code. (Ord. 595 § 1(Exh. A), 6-15-2021; Ord. 590 § 1(Exh. A), 3-16-2021; Ord. 586 § 1(Exh. A), 12-15-2020; Ord. 577 § 1, 2019; Ord. 572 § 1, 2018; Ord. 563 § 1, 2017; Ord. 501 § 2, 2012) 3.25.055 Non-issuance of new short-term vacation rental permits; periodic council review. A. Commencing May 20, 2021, which is the effective date of the ordinance adding this section, there shall be no processing of, or issuance for, any applications for a new short-term vacation rental permit, required by this chapter to use or operate a short-term vacation rental unit in the city, except applications for a new a short- term vacation rental permit covering a short-term vacation rental unit that meets one (1) or more of the following: 1. A residential dwelling within a residential project located in the CT Tourist Commercial District zone, as defined in Section 9.70.070 (or successor section) of this code and depicted in the city's official zoning map. 2. A residential dwelling within a residential project located in the VC Village Commercial District zone, as defined in Section 9.70.100 (or successor section) of this code and depicted in the city's official zoning map. 3. A residential dwelling within a residential project subject to a development agreement with the city, or subject to a condition of approval(s) attached to any entitlement approved by the city (including but not limited to a specific plan, subdivision map, or site development permit), pursuant to which short-term vacation rentals are a permitted use, and the residential dwelling's use as a short-term vacation rental is authorized under a declaration of covenants, conditions, and restrictions (CC&Rs), for the residential project. 4. A residential dwelling within the area covered by the SilverRock Resort Specific Plan. 5. A residential dwelling is located adjacent to the CT Tourist Commercial District zone, as defined in Section 9.70.070 and depicted in the city's official zoning map, and within the following boundaries; west of Avenida Obregon, south of the Avenida Fernando, east of Calle Mazatlan, and north of the driveway access between Calle Mazatlan and Avenida Obregon that serves as a southern boundary for the La Quinta Tennis Villas/Tennis Condos area identified on page 25 of the La Quinta Resort Specific Plan, 121 E—Amendment 5 (as may be subsequently amended from time to time). For purposes of this subsection, "adjacent to" means across the street from or accessible by a driveway or service road designed to provide access to area(s) within the CT Tourist Commercial District zone. B. The city manager or authorized designee shall have the authority to implement policies or procedures to review and verify whether an application for a new short-term vacation rental permit meets the criteria set forth in this section. 234 Created: 2021-12-15 15:04:50 [EST] (Supp. No. 2, Update 2) Page 7 of 15 C. This section shall not apply to applications for a renewal of an existing short-term vacation rental permit and business license, submitted in compliance with this chapter, including when the short-term vacation rental permit is under suspension during the time for processing the renewal application. Applications for renewals must be submitted as prescribed by this chapter. Any short-term vacation rental unit, covered by a permit that is subject to an application for renewal, which is under temporary suspension in violation of this chapter or any other provisions of this code, shall not become permitted to use the dwelling as a short-term vacation rental unit until all violations that led to the temporary suspension have been remedied and the suspension has expired. Any revoked short-term vacation rental permit shall not be eligible for renewal or new short- term vacation rental permit. D. The city council shall periodically review the impacts or effects, if any, caused by the non-issuance of new short-term vacation rental permits set forth in this section. The city manager or authorized designee shall prepare a report assessing impacts or effects, if any, for the council to review at a regular or special meeting. (Ord. 596 § 2, 2021; Ord. 595 § 1(Exh. A), 6-15-2021; Ord. 591 § 1(Exh. A), 4-20-2021) 3.25.060 Short-term vacation rental permit—Application requirements. A. The owner or the owner's authorized agent or representative must submit the information required on the city's short-term vacation rental permit application form provided by the city, which may include any or all of the following: 1. The name, address, and telephone number of the owner of the subject short-term vacation rental unit; 2. The name, address, and telephone number of the owner's authorized agent or representative, if any; 3. The name, address, and twenty-four (24)-hour telephone number of the local contact person; 4. The address of the proposed short-term vacation rental unit, Internet listing site and listing number; 5. The number of bedrooms shall not exceed the number of bedrooms allowable for the number of occupants as set forth in Section 3.25.070. The allowable number of bedrooms shall meet all applicable building and construction requirements under federal, state and city codes, including, but not limited to, the provisions of Section 9.50.100 (or successor provision, as may be amended from time to time) governing "additional bedrooms" and all applicable building and construction codes in Title 8 of this code; 6. Acknowledgement of receipt of all electronically distributed short-term vacation rental information from the city, including any good neighbor brochure; 7. The owner or owner's authorized agent or representative who has applied for a short-term vacation rental permit shall provide the city with written authorization that issuance of a short-term vacation rental permit pursuant to this chapter is not inconsistent with any recorded or unrecorded restrictive covenant, document, or other policy of a homeowner association (HOA) or other person or entity which has governing authority over the property on which a short-term vacation rental unit will be operated; in furtherance of this requirement, there shall be a rebuttable presumption that an owner or owner's authorized agent or representative does not have written authorization for the issuance of a short-term vacation rental permit if a HOA or other person or entity which has governing authority over the property has submitted to the city a duly-authorized official writing, which informs the city that short-term vacation rentals of thirty (30) consecutive days or less are not permitted on the property applying for a short-term vacation rental permit; and 8. Such other information as the city manager or authorized designee deems reasonably necessary to administer this chapter. 235 Created: 2021-12-15 15:04:50 [EST] (Supp. No. 2, Update 2) Page 8 of 15 B. The short-term vacation rental permit application shall be accompanied by an application fee as set by resolution of the city council. A short-term vacation rental permit and business license shall not be issued or renewed while any check or other payment method cannot be processed for insufficient funds. C. The city may determine the maximum number of bedrooms in a residential dwelling with multiple bedrooms eligible for use as a short-term vacation rental unit upon issuance of a short-term vacation rental permit. When determining the maximum number of bedrooms eligible for use as short-term vacation rentals, the city shall consider the public health, safety, and welfare, shall comply with building and residential codes, and may rely on public records relating to planned and approved living space within the residential dwellings, including, but not limited to, title insurance reports, official county records, and tax assessor records. Owners of residential dwellings that exceed five thousand (5,000) square feet of developed space on a lot may apply for additional bedrooms. An owner and/or owner's authorized agent or representative may not advertise availability for occupancy of a short-term vacation rental unit for more than the approved number of bedrooms listed in the short-term vacation rental permit issued by the city pursuant to this chapter. In addition to any other rights and remedies available to the city under this chapter, the first violation for failing to advertise the approved number of bedrooms may be subject to a fine by an administrative citation, and a second or subsequent violation for failing to advertise the approved number of bedrooms may result in a revocation (which may include permanent revocation) of the short-term vacation rental permit and/or any affiliated licenses or permits pursuant to the provisions set forth in Section 3.25.100. D. Short-term vacation rental permit applications shall comply with the following: 1. A short-term vacation rental permit application for the estate home shall be subject to evaluation and inspection of the property to ensure that the short-term vacation rental unit will not create conditions materially detrimental to the public health, safety and general welfare or injurious to or incompatible with other properties in the vicinity. Evaluation and inspection shall include, but not be limited to: verification of the number of bedrooms, adequate on-site parking spaces, availability of nearby street parking, physical distance of the estate home from adjacent properties, such as location and distance of outdoor gathering spaces, pools, and other living spaces from neighboring properties. The city manager, or designee, shall have the authority to impose additional conditions on the use of the estate home as a short-term vacation rental unit to ensure that any potential secondary effects unique to the subject short- term vacation rental unit are avoided or adequately mitigated. 2. A short-term vacation rental permit application may be denied if the applicant has failed to comply with application requirements in this chapter, or has had a prior short-term vacation rental permit for the same unit revoked within the past twelve (12) calendar months. In addition, upon adoption of a resolution pursuant to subsection H, the city may limit the number of short-term vacation rental units in a given geographic area based on a high concentration of short-term vacation rental units. The city shall maintain a waiting list of short-term vacation rental permit applications for such geographic areas where the city determines, based on substantial evidence after a noticed public hearing and public hearing, there is a higher than average concentration of short-term vacation rental units that either affects the public health, safety, and welfare or significantly negatively impacts the character and standard of living in a neighborhood within that geographic area, or both. E. Short-term vacation rental permit applications may take up to, and the city shall have, thirty (30) calendar days to process. An application for a renewal of a short-term vacation rental permit and business license should be submitted at least thirty (30) calendar days prior to the existing permit's expiration to allow sufficient time for the city to process the renewal application. Nothing in this subsection or chapter shall be construed as requiring the city to issue or deny a short-term vacation rental permit in less than thirty (30) calendar days, as no permit shall be issued until such time as application review is complete. No short-term vacation rental use may occur in the city without a valid short-term vacation rental permit is issued in accordance with this chapter. 236 Created: 2021-12-15 15:04:50 [EST] (Supp. No. 2, Update 2) Page 9 of 15 F. Upon a change of ownership of a property (or upon a new person and/or new entity owning or controlling a business or organization or other entity of any kind, such as a limited liability company, which is the owner of a property) licensed to operate as a short-term vacation rental unit, the owner or owner's authorized agent or representative shall notify the city of such change immediately. The existing short-term vacation rental permit shall be terminated and the property must cease operating as a short-term vacation rental immediately. Failure to comply may result in a fine of one thousand dollars ($1,000.00) per day for a continuing violation of this subsection F. G. Immediately upon a change of an owner's authorized agent or representative, local contact, or any other change pertaining to the information contained in the short-term vacation rental application, the owner or owner's authorized agent or representative shall update the short-term vacation rental unit's online registration profile used by the city for the implementation of the short-term vacation rental regulations. Failure to update immediately this information may result in a violation of this chapter, including but not limited to a suspension or revocation of a short-term vacation rental permit, until all information is updated. H. The city manager or authorized designee shall prepare, for adoption by resolution by the city council, a review procedure and criteria to evaluate the limitation for issuance of STVR permits and/or STVR applications for geographic areas within the city as set forth in subsection D. (Ord. 590 § 1(Exh. A), 3-16-2021; Ord. 586 § 1(Exh. A), 12-15-2020; Ord. 572 § 1, 2018; Ord. 563 § 1, 2017; Ord. 501 § 2, 2012) 3.25.065 Short-term vacation rental permit—Grounds for denial. A. In addition to any other grounds provided in this chapter, an application (including renewal application) for a short-term vacation rental permit may be denied if use of the short-term vacation rental unit has been, will be, or is apt to become any one (1) or more of the following. 1. Prohibited by any local ordinance or by any state or federal law, statute, rule or regulation; 2. A public nuisance; 3. In any way detrimental to the public interest; 4. Prohibited by zoning laws and ordinances. B. An application (including renewal application) for a short-term vacation rental permit may also be denied on the grounds that the applicant has knowingly made a false statement in a material matter either in his/her/their application or in his/her/their testimony before the city manager or other body hearing such testimony. C. This section is intended to be, and shall be construed as being, in alignment with the grounds for denial of a business license set forth in Section 3.28.080 (or successor section) of this code. (Ord. 591 § 1(Exh. A), 4-20-2021) 3.25.070 Operational requirements and standard conditions. A. The owner and/or owner's authorized agent or representative shall use reasonably prudent business practices to ensure that the short-term vacation rental unit is used in a manner that complies with all applicable laws, rules and regulations pertaining to the use and occupancy of the subject short-term vacation rental unit. 1. An estate home may be established for short-term vacation rental use subject to evaluation and inspection of the property pursuant to Section 3.25.060(D)(1). 237 Created: 2021-12-15 15:04:50 [EST] (Supp. No. 2, Update 2) Page 10 of 15 2. An estate home established for short-term vacation rental use is required to be equipped with a noise monitoring device(s) that is operable at all times. B. The responsible person(s) shall be an occupant(s) of the short-term vacation rental unit for which he, she or they signed a rental agreement for such rental, use and occupancy, and/or any person(s) occupying the short-term vacation rental unit without a rental agreement, including the owner, owner's authorized agent or representative, local contact(s) and their guests. No non-permanent improvements to the property, such as tents, trailers, or other mobile units, may be used as short-term vacation rentals. The total number of occupants, including the responsible person(s), allowed to occupy any given short-term vacation rental unit may be within the ranges set forth in the table below. By the issuance of a short-term vacation rental permit, the city or its authorized designees, including police, shall have the right to conduct a count of all persons occupying the short-term vacation rental unit in response to a complaint or any other legal grounds to conduct an inspection resulting from the use of the short-term vacation rental unit, and the failure to allow the city or its authorized designees the ability to conduct such a count may constitute a violation of this chapter. The city council may by resolution further restrict occupancy levels provided those restrictions are within the occupancy ranges set forth below. Number of Bedrooms Total of Overnight* Occupants Total Daytime** Occupants (Including Number of Overnight Occupants) 0—Studio 2 2—8 1 2—4 2—8 2 4—6 4—8 3 6—8 6—12 4 8—10 8—16 5 10—12 10—18 6 12—14 12—20 7 14 14—20 8 16 16—22 9 18 18—24 *Overnight (10:01 p.m.—6:59 a.m.) **Daytime (7:00 a.m.—10:00 p.m.) C. The person(s) listed as the local contact person in the short-term vacation rental unit's online registration profile shall be available twenty-four (24) hours per day, seven (7) days per week, with the ability to respond to the location within thirty (30) minutes to complaints regarding the condition, operation, or conduct of occupants of the short-term vacation rental unit or their guests. The person(s) listed as a local contact person shall be able to respond personally to the location, or to contact the owner or the owner's authorized agent or representative to respond personally to the location, within thirty (30) minutes of notification or attempted notification by the city or its authorized short-term vacation rental designated hotline service provider. No provision in this section shall obligate the city or its authorized short-term vacation rental designated hotline service provider to attempt to contact any person or entity other than the person(s) listed as the local contact person. D. The owner, the owner's authorized agent or representative and/or the owner's designated local contact person shall use reasonably prudent business practices to ensure that the occupants and/or guests of the short-term vacation rental unit do not create unreasonable or unlawful noise or disturbances, engage in disorderly conduct, or violate any applicable law, rule or regulation pertaining to the use and occupancy of the subject short-term vacation rental unit. 238 Created: 2021-12-15 15:04:50 [EST] (Supp. No. 2, Update 2) Page 11 of 15 E. Occupants of the short-term vacation rental unit shall comply with the standards and regulations for allowable noise at the property in accordance with Sections 9.100.210 and 11.08.040 (or successor provision, as may be amended from time to time) of this code. No radio receiver, musical instrument, phonograph, compact disk player, loudspeaker, karaoke machine, sound amplifier, or any machine, device or equipment that produces or reproduces any sound shall be used outside or be audible from the outside of any short- term vacation rental unit between the hours of 10:00 p.m. and 7:00 a.m. Pacific Standard Time. Observations of noise related violations shall be made by the city or its authorized designee from any location at which a city official or authorized designee may lawfully be, including but not limited to any public right-of-way, any city-owned public property, and any private property to which the city or its authorized designee has been granted access. F. Prior to occupancy of a short-term vacation rental unit, the owner or the owner's authorized agent or representative shall: 1. Obtain the contact information of the responsible person; 2. Provide copies of all electronically distributed short-term vacation rental information from the city, including any good neighbor brochure to the responsible person and post in a conspicuous location within the short-term vacation rental unit, in a manner that allows for the information to be viewed in its entirety; and require such responsible person to execute a formal acknowledgement that he or she is legally responsible for compliance by all occupants of the short-term vacation rental unit and their guests with all applicable laws, rules and regulations pertaining to the use and occupancy of the short-term vacation rental unit. This information shall be maintained by the owner or the owner's authorized agent or representative for a period of three (3) years and be made readily available upon request of any officer of the city responsible for the enforcement of any provision of this code or any other applicable law, rule or regulation pertaining to the use and occupancy of the short-term vacation rental unit. G. The owner, the owner's authorized agent or representative and/or the owner's designated local contact person shall, upon notification or attempted notification that the responsible person and/or any occupant and/or guest of the short-term vacation rental unit has created unreasonable or unlawful noise or disturbances, engaged in disorderly conduct, or committed violations of any applicable law, rule or regulation pertaining to the use and occupancy of the subject short-term vacation rental unit, promptly respond within thirty (30) minutes to immediately halt and prevent a recurrence of such conduct by the responsible person and/or any occupants and/or guests. Failure of the owner, the owner's authorized agent or representative and/or the owner's designated local contact person to respond to calls or complaints regarding the condition, operation, or conduct of occupants and/or guests of the short-term vacation rental unit within thirty (30) minutes, shall be subject to all administrative, legal and equitable remedies available to the city. H. Reserved. I. Trash and refuse shall not be left stored within public view, except in proper containers for the purpose of collection by the city's authorized waste hauler on scheduled trash collection days. The owner, the owner's authorized agent or representative shall use reasonably prudent business practices to ensure compliance with all the provisions of Chapter 6.04 (Solid Waste Collection and Disposal) (or successor provision, as may be amended from time to time) of this code. J. Signs may be posted on the premises to advertise the availability of the short-term vacation rental unit as provided for in Chapter 9.160 (Signs) (or successor provision, as may be amended from time to time) of this code. K. The owner, authorized agent or representative and/or the owner's designated local contact person shall post a copy of the short-term vacation rental permit and a copy of the good neighbor brochure in a conspicuous place within the short-term vacation rental unit, and a copy of the good neighbor brochure shall be provided to each occupant of the subject short-term vacation rental unit. 239 Created: 2021-12-15 15:04:50 [EST] (Supp. No. 2, Update 2) Page 12 of 15 L. Unless otherwise provided in this chapter, the owner and/or the owner's authorized agent or representative shall comply with all provisions of Chapter 3.24 concerning transient occupancy taxes, including, but not limited to, submission of a monthly return in accordance with Section 3.24.080 (or successor provisions, as may be amended from time to time) of this code, which shall be filed monthly even if the short-term vacation rental unit was not rented during each such month. M. Guesthouses, detached from the primary residential dwelling on the property, or the primary residential dwelling on the property, may be rented pursuant to this chapter as long as the guesthouse and the primary residential dwelling are rented to one (1) party. N. The owner and/or the owner's authorized agent or representative shall post the number of authorized bedrooms and the current short-term vacation rental permit number at the beginning or top of any advertisement that promotes the availability or existence of a short-term vacation rental unit. In the instance of audio-only advertising of the same, the short-term vacation rental permit number shall be read as part of the advertisement. O. The owner and/or owner's authorized agent or representative shall operate a short-term vacation rental unit in compliance with any other permits or licenses that apply to the property, including, but not limited to, any permit or license needed to operate a special event pursuant to Section 9.60.170 (or successor provision, as may be amended from time to time) of this code. The city may limit the number of special event permits issued per year on residential dwellings pursuant to Section 9.60.170 (or successor provision, as may be amended from time to time). P. The city manager, or designee, shall have the authority to impose additional conditions on the use of any given short-term vacation rental unit to ensure that any potential secondary effects unique to the subject short-term vacation rental unit are avoided or adequately mitigated, including, but not limited to, a mitigating condition that would require the installation of a noise monitoring device to keep time-stamped noise level data from the property that will be made available to the city upon city's reasonable request. Q. The standard conditions set forth herein may be modified by the city manager, or designee, upon request of the owner or the owner's authorized agent or representative based on site-specific circumstances for the purpose of allowing reasonable accommodation of a short-term vacation rental. All requests must be in writing and shall identify how the strict application of the standard conditions creates an unreasonable hardship to a property such that, if the requirement is not modified, reasonable use of the property for a short-term vacation rental would not be allowed. Any hardships identified must relate to physical constraints to the subject site and shall not be self-induced or economic. Any modifications of the standard conditions shall not further exacerbate an already existing problem. R. On-site parking shall be on an approved driveway, garage, and/or carport areas only; this section does not impose restrictions on public street parking regulations. Recreational vehicles may be parked in accordance with the provisions set forth in Section 9.60.130 (or successor provision, as may be amended from time to time) of this code. (Ord. 590 § 1(Exh. A), 3-16-2021; Ord. 586 § 1(Exh. A), 12-15-2020; Ord. 577 § 1, 2019; Ord. 572 § 1, 2018; Ord. 563 § 1, 2017; Ord. 501 § 2, 2012) 3.25.080 Recordkeeping and hosting platform duties. A. The owner or the owner's authorized agent or representative shall maintain for a period of three (3) years, records in such form as the tax administrator (as defined in Chapter 3.24) may require to determine the amount of transient occupancy tax owed to the city. The tax administrator shall have the right to inspect such records at all reasonable times, which may be subject to the subpoena by the tax administrator 240 Created: 2021-12-15 15:04:50 [EST] (Supp. No. 2, Update 2) Page 13 of 15 pursuant to Section 3.24.140 (Records) (Transient Occupancy Tax) (or successor provisions, as may be amended from time to time) of this code. B. Hosting platforms shall not complete any booking transaction for any residential dwelling or other property purporting to be a short-term vacation rental unit in the city unless the dwelling or property has a current and valid short-term vacation rental permit issued pursuant to this chapter, which is not under suspension, for the dates and times proposed as part of the booking transaction. 1. The city shall maintain an online registry of active and suspended short-term vacation rental permits, which hosting platforms may reference and rely upon for purposes of complying with subsection B. If a residential dwelling or other property purporting to be a short-term vacation rental unit matches with an address, permit number, and/or current and valid permit dates (not under suspension) set forth in the city's online registry, the hosting platforms may presume that the dwelling or other property has a current and valid short-term vacation rental permit. 2. The provisions of this subsection B shall be interpreted in accordance with otherwise applicable state and federal law(s) and will not apply if determined by the city to be in violation of, or preempted by, any such law(s). (Ord. 590 § 1(Exh. A), 3-16-2021; Ord. 586 § 1(Exh. A), 12-15-2020; Ord. 572 § 1, 2018; Ord. 563 § 1, 2017; Ord. 501 § 2, 2012) 3.25.090 Violations. A. Additional Conditions. A violation of any provision of this chapter or this code by any applicant, occupant, responsible person, local contact person, owner, or owner's authorized agent or representative, shall authorize the city manager, or designee, to impose additional conditions on the use of any given short-term vacation rental unit to ensure that any potential additional violations are avoided. B. Permit Modification, Suspension and Revocation. A violation of any provision of this chapter, this code, California Vehicle Code, or any other applicable federal, state, or local laws or codes, including, but not limited to, applicable fire codes and the building and construction codes as set forth in Title 8 of this code, by any applicant, occupant, responsible person, local contact person, owner, or owner's authorized agent or representative, shall constitute grounds for modification, suspension and/or revocation (which may include permanent revocation) of the short-term vacation rental permit and/or any affiliated licenses or permits pursuant to the provisions set forth in Section 3.25.100. C. Notice of Violation. The city may issue a notice of violation to any applicant, occupant, responsible person, local contact person, owner, owner's authorized agent or representative, or hosting platform, pursuant to Section 1.01.300 (or successor provisions, as may be amended from time to time) of this code, if there is any violation of this chapter committed, caused or maintained by any of the above parties. D. Two (2) Strikes Policy. Subject to a minor violation reprieve request, two (2) violations of any provision of this chapter or this code within one (1) year by any applicant, occupant, responsible person, local contact person, owner, or owner's authorized agent or representative, with respect to any one (1) residential dwelling shall result in an immediate suspension of the short-term vacation rental permit with subsequent ability to have a hearing before the city, pursuant to this chapter, to request a lifting of the suspension. For purposes of this subsection, a "minor violation reprieve request" means a written request submitted to the city's code enforcement officer for relief from counting one (1) or more violations within the one (1) year period as a minor violation, and "minor violation" means a violation of a particular section of this code that resulted in minimal impact on the use and enjoyment of the adjacent and nearby properties caused by any of the following: 241 Created: 2021-12-15 15:04:50 [EST] (Supp. No. 2, Update 2) Page 14 of 15 1. Minor debris or trash containers left in view as a first offense; 2. A short-term vacation rental permit number or bedroom count not posted on an advertisement as a first offense; 3. A short-term vacation rental permit number or bedroom count posted in the wrong location on an advertisement as a first offense; or 4. Over occupancy due to a minor child not associated with a disturbance. A determination of whether a code violation is a minor violation shall be based on substantial evidence presented to the code enforcement officer relating to that violation. E. Administrative and Misdemeanor Citations. The city may issue an administrative citation to any applicant, occupant, responsible person, local contact person, owner, owner's authorized agent or representative, or hosting platform, pursuant to Chapter 1.09 (Administrative Citations) (or successor provisions, as may be amended from time to time) of this code, if there is any violation of this chapter committed, caused or maintained by any of the above parties. Nothing in this section shall preclude the city from also issuing an infraction citation upon the occurrence of the same offense on a separate day. An administrative citation may impose a fine for one (1) or more violations of this chapter in the maximum amount allowed by state law or this code in which the latter amount shall be as follows: 1. General STVR Violations (Occupancy/Noise/Parking). a. First violation: one thousand dollars ($1,000.00); b. Second violation: two thousand dollars ($2,000.00); c. Third violation: three thousand dollars ($3,000.00). 2. Operating a STVR Without a Valid Short-Term Vacation Rental Permit. a. First violation: three thousand dollars ($3,000.00); b. Second or more violations: five thousand dollars ($5,000.00); c. In addition to the fine set forth above, the first violation of operating a STVR without a valid short- term vacation rental permit shall be cause for an owner (or person and/or entity that owns or controls a business or organization or other entity of any kind, such as a limited liability company, which is the owner of a property) to be prohibited for all time from being eligible to be issued a short- term vacation rental permit and/or business license for use of a property as a short-term vacation rental unit. 3. Hosting a Special Event at a STVR Without a Special Event Permit as Required by Section 9.60.170 (or Successor Provision, as May Be Amended From Time to Time) of This Code. a. First violation: five thousand dollars ($5,000.00); b. Second violation: five thousand dollars ($500.00). F. Public Nuisance. In addition to any and all rights and remedies available to the city, it shall be a public nuisance for any person or entity to commit, cause or maintain a violation of this chapter, which shall be subject to the provisions of Section 1.01.250 (Violations public nuisances) (or successor provisions, as may be amended from time to time) of this code. (Ord. 590 § 1(Exh. A), 3-16-2021; Ord. 586 § 1(Exh. A), 12-15-2020; Ord. 578 § 1, 2019; Ord. 572 § 1, 2018; Ord. 563 § 1, 2017; Ord. 501 § 2, 2012) 242 Created: 2021-12-15 15:04:50 [EST] (Supp. No. 2, Update 2) Page 15 of 15 3.25.100 Appeals. A.Any person aggrieved by any decision of a city officer made pursuant to this chapter may request a hearing before the city manager in accordance with Chapter 2.08 (or successor provisions, as may be amended from time to time) of this code. B.Notwithstanding any provisions in Section 2.08.230 or otherwise in the code, the decision by the city manager of an appeal brought under this chapter shall be the final decision by the city for any violation of a short-term vacation rental permit issued under this order, except for any administrative citation imposing a fine, which shall be processed and subject to an administrative appeal pursuant to Chapter 1.09 of the code. (Ord. 590 § 1(Exh. A), 3-16-2021; Ord. 586 § 1(Exh. A), 12-15-2020; Ord. 572 § 1, 2018; Ord. 563 § 1, 2017) 243 244 TR 36279 TR 33085 Source: Esri, DigitalGlobe, GeoEye, Earthstar Geographics, CNES/Airbus DS,USDA, USGS, AeroGRID, IGN, and the GIS User Community AVENUE 52VISTA BONITATRAILBETH CR MADISON STREETCity of Indio City of La Quinta City of La Quinta Design and Development Department Polo VillasResidences January 2022 ® Planning Division Legend City Boundary Project Site ATTACHMENT 1ATTACHMENT 1 245 246 FISCAL IMPACT ANALYSIS FOR POLO VILLAS January 2022 Prepared By: ATTACHMENT 2 681 247 Fiscal Impact Analysis January 2022 Polo Villas - 2 - Table of Contents Page Contents 1.0 Purpose of Fiscal Impact Analysis ................................................................................ 3 2.0 Project Description........................................................................................................ 3 3.0 FIA Limiting Conditions............................................................................................... 3 4.0 General Sources of Information and Methodology Used in FIA .................................. 4 5.0 FIA Summary and Conclusions .................................................................................... 5 6.0 FIA Recurring Revenues............................................................................................... 6 6.1 Property Tax .............................................................................................................. 6 6.2 Property Transfer Tax ................................................................................................ 7 6.3 Property Tax In-Lieu of Vehicle License Fees (“VLF”) ........................................... 7 6.4 Transient Occupancy Tax (TOT) .............................................................................. 7 6.5 Offsite Sales Tax ....................................................................................................... 7 6.6 Other Revenues.......................................................................................................... 8 7.0 FIA Recurring Costs ..................................................................................................... 8 7.1 General Administration ............................................................................................. 8 7.2 Police ......................................................................................................................... 9 7.3 Fire ............................................................................................................................. 9 7.4 Community Resources ............................................................................................... 9 7.5 Public Works ............................................................................................................. 9 7.6 Design & Development ............................................................................................. 9 7.7 Fiscal Services ........................................................................................................... 9 8.0 Impact Fees ................................................................................................................. 10 9.0 Glossary of Defined Terms and Acronyms ................................................................ 10 Appendices: Appendix A – Project Aerial Appendix B – Fiscal Impact Analysis Tables 248 Fiscal Impact Analysis January 2022 Polo Villas - 3 - 1.0 Purpose of Fiscal Impact Analysis This Fiscal Impact Analysis (“FIA”) has been prepared to determine the estimated fiscal impacts on the City of La Quinta (“City”) in connection with the proposed development of the Polo Villas project (“Project”), an 18 single family unit, short-term rental, development with 11 existing dwelling units and an additional 7 lots proposed for development of single family units similar to the existing 11 dwelling units. The reader should be aware that the FIA contains estimates or projections of the Project’s future revenue and cost impacts on the City and actual fiscal results may vary from estimates because events and circumstances may occur in a manner that is different than projected in the FIA. The primary purpose of this FIA is to estimate the Project’s net fiscal impact on the City’s General Fund upon build-out. 2.0 Project Description Polo Villas is a short-term rental development consisting of 18 homes, generating an estimated population equivalent of 140 visitors. Development has already been completed on 11 of the single family dwelling units with an additional 7 units proposed for development. The lots on the site total approximately 10.28 acres of land. The project is located at the corner of Madison Street and Vista Bonita Trail within the City of La Quinta. 3.0 FIA Limiting Conditions The FIA is subject to the following limiting conditions: ▪ The FIA contains an analysis of recurring revenues and costs to the City from development of the Project. The FIA is based on estimates, assumptions, and other information developed from DPFG’s research and experience. ▪ The sources of information and basis of the estimates are stated herein. While we believe the sources of information are reliable, DPFG does not express an opinion or any other form of assurance on the accuracy of such information. ▪ The analysis of recurring revenues and cost impacts to the City contained in the FIA is not considered to be a “financial forecast” or a “financial projection” as technically defined by the American Institute of Certified Public Accountants. The word “projection” used within this report relates to broad expectations of future events or market conditions. ▪ Since the analyses contained herein are based on estimates and assumptions which are inherently subject to uncertainty and variation depending on evolving events, DPFG cannot represent that results will definitely be achieved. Some assumptions inevitably will not materialize and unanticipated events and circumstances may occur; therefore, the actual results achieved may vary from the projections. 249 Fiscal Impact Analysis January 2022 Polo Villas - 4 - 4.0 General Sources of Information and Methodology Used in FIA The FIA was prepared to estimate the allocable revenue and cost impacts to the City’s general fund (“General Fund”) as a result of the Project’s development and operation as short-term rental units. The FIA uses a combination of case study methods and multiplier methods to estimate Project impacts. When projecting fiscal impacts using a multiplier method, the FIA determines per capita/employee impacts by applying the appropriate multiplier to the Project’s land use assumptions. The Per Capita-and-Employee-Multiplier Method involves dividing a cost or revenue figure by the number of residents and 50% of all employees working in the City, and then multiplying that number by the number of residents projected for the Project at buildout. This method assumes that recurring costs and revenues will result from the Project at the same rates that currently prevail within the City, with each employee counted as one-half of a resident to reflect the relative significance of employees (i.e. non- residential land uses) in generating City public services costs or City revenues. The multipliers were calculated using data from the City of La Quinta Approved Operating Budget for Fiscal Year 2020-2021 (“Budget”). Where appropriate, City Budget data is adjusted to account for expected marginal increases when the nature of the cost or revenue item contains a fixed component that is not anticipated to change based on population growth from the Project. All cost and revenue factors are projected in 2021 dollars, and are not adjusted for inflation, based on the assumption that the relative impacts of inflation in future years will be offsetting. Information used in preparing the FIA was obtained from the following sources: (1) City of La Quinta Adopted Budget for Fiscal Year 2021-2022; (2) Avantstay (“Client”); (3) California Employment Development Department (employment information); (4) Riverside Auditor-Controller’s Office (Fiscal Year 2021-2022 share of the basic tax information and assessments); (5) U.S. Census Bureau (population data); (6) U.S. Bureau of Labor Statistics (household expenditure data and persons per household); and (7) Riverside Market View published by CBRE (Market Data). The FIA Appendix is organized as follows: Appendix Table Description B 1 Fiscal Impact Analysis Summaries B 2 Population and Employment Data B 3 Land Use and Assessed Value Assumptions B 4 Post-ERAF Share of the Basic Tax Calculation B 5 Property Taxes In-Lieu of VLF B 6 Transient Occupancy Taxes B 7 Off-Site Sales Tax Revenue B 8 Other Recurring Revenues B 9 Property Taxes In-Lieu of VLF 250 Fiscal Impact Analysis January 2022 Polo Villas - 5 - The following table shows the key demographic and property tax assumptions for both scenarios used in the FIA: Demographic Summary 5.0 FIA Summary and Conclusions The FIA examines the financial impact the Project will have at buildout on the General Fund. The Project will generate additional revenue for the General Fund primarily through increased property taxes, property taxes in-lieu of vehicle license fees, and transient occupancy taxes. The additional costs incurred to the General Fund as a result of the Project are less than the additional revenues generated, and consist primarily of police and fire services. The Project’s direct impact to the General Fund at buildout is summarized in the following chart: Average Beds per Unit 5.2 (a) Average Persons per Bed 2 (b) Total Anticipated Guests per Unit 10.4 Total Units at Buildout 18 Total Anticipated Guests 187 Average Annual Occupancy Rate 65%(b) Total Anticipated Average Annual Persons Generated 122 (Persons Per Household Equivalent) Population / Visitors 37,558 (c)122 Employees 19,400 (d) - Residents + 50% Employees 47,258 122 Footnotes: (c) Per the United States 2020 Census Total Population for the City of La Quinta. (d) Based upon the California Employment Development Department total employment values for the City of La Quinta dated 11/19/2021. (b) Average of 2 persons per bed and 65% occupancy rate per Client and existing development data estimates. (a) Estimate of 5.2 beds per unit per anticipated land use. Estimated Project Residents City Project 251 Fiscal Impact Analysis January 2022 Polo Villas - 6 - As seen in the chart, the Project is anticipated to generate a $810,589 surplus to the City on an annual basis, once the Project is fully developed. 6.0 FIA Recurring Revenues 6.1 Property Tax In addition to other ad valorem charges imposed by various local agencies, land owners in the State of California (“State”) are required to pay annual property taxes of 1% on the assessed value of their property pursuant to Proposition 13. Each City in California is divided into tax rate areas (“TRA”). After the basic 1% property tax is collected by the County, the tax is allocated to various local agencies based on each agency’s share of the basic tax within the property’s applicable TRA. The Project is subject to TRA’s 020-056 and 020-160. Per the Riverside County Auditor-Controller, the City will receive a weighted average of 6.4620% of the base 1% ad-valorem tax. The breakdown of lots and estimated assessed value by TRA is detailed in Appendix B, Table 4. In total, the Project is anticipated to generate the following per year in property taxes for each scenario. Total Total Assessed Value from Table 2 36,000,000$ Base 1% Ad-Valorem Tax 1.00% 360,000$ Cityy Share 6.4620% 23,263$ 252 Fiscal Impact Analysis January 2022 Polo Villas - 7 - 6.2 Property Transfer Tax The City receives property transfer tax revenue as new or existing property is sold and ownership is transferred. In accordance with California Revenue and Taxation Code Section 11911, a City may levy a transfer tax at the rate of $0.55 for each $1,000 of assessed value. The FIA assumes a residential turnover rate of 10.00% of total assessed value per year (i.e., properties change ownership every 10 years on average) and a commercial turnover rate of 5.00% of the total assessed value per year (i.e. properties change ownership every 20 years on average). To be conservative, this analysis does not assume that the property will be sold in the near future. 6.3 Property Tax In-Lieu of Vehicle License Fees (“VLF”) In May 2004, Governor Schwarzenegger proposed a swap of City and City VLF revenue for additional property tax share as part of a budget agreement between the State and local governments. The swap was included in the 2004 budget package. Under this legislation, property tax in-lieu of VLF is allocated to Cities and Counties pursuant to a complex formula involving each agencies relative share of assessed value. The property tax in-lieu of VLF revenue that will be generated by the Project can be estimated by determining the (i) percentage growth in the total assessed value of the City attributable to the Project, and multiplying by (ii) the property tax in-lieu of VLF revenue of $4,615,000 expected to be received by the City in fiscal year 2021/22 per the City Budget. Based on these calculations, the Project is anticipated to generate an additional $7,731 annually in property tax in-lieu of VLF revenue (reference Appendix B, Table 5). 6.4 Transient Occupancy Tax (TOT) The transient occupancy tax (hotel, motel, campground or bed tax) is authorized under State Revenue and Taxation Code Section 7280, as an additional source of non-property tax revenue to local government. Per City of La Quinta, the City levies a transient occupancy tax at a rate of 10.00% of hotel or other lodging stays of less than 30 days. Based on information provided by the client regarding the actual gross rental revenue generated by the existing development, we’ve estimated the average yearly gross rental revenue increase based on the additional proposed lots. Based on the forgoing, we have projected transient occupancy tax. Accordingly, the FIA projects annual transient occupancy tax revenue of $831,183, as calculated in Appendix B, Table 8. 6.5 Offsite Sales Tax Under the California Sales and Use Tax Law, the sale of tangible personal property is subject to sales or use tax unless exempt or otherwise excluded. When the sales tax applies, the use tax does not apply and the opposite is also true. The sales tax is imposed on all retailers for the privilege of selling tangible personal property in the State and is measured by the retailer’s gross receipts. Currently, there is a 7.25% statewide sales and use tax base rate that is collected by the State Board of Equalization. The State government receives 6.25% of the 7.25% and local governments receive the remaining 1.00% which is transferred to the local government’s 253 Fiscal Impact Analysis January 2022 Polo Villas - 8 - general fund. The City has also approved Measure G in 2016 which was approved by voters and results in an additional 1.00% sales tax. The City will receive sales tax revenue from taxable purchases made within the City limits by the Project’s visitors. Applying the methodology outlined in Appendix B Table 7 the Project is anticipated to generate $43,849 in residential off-site sales tax. Total Estimated Spending per Week per Person (a)2,100$ 255,528$ Estimated Annual Spending 13,287,456$ Less: Vacancy (b)20%(2,657,491) Less: Estimated Annual spending on Lodging and Non Taxable Sales (c)47%(6,245,104) Total Anticipated Annual taxable spending 4,384,860$ Total Spending anticipated outside City (d)50%(2,192,430)$ Total Taxable Spending within City of La Quinta 2,192,430$ Annual Sales Taxes to City 1.00%21,924$ Annual Measure G Sales Taxes to City 1.00%21,924$ Total Annual Sales Tax to City 2.00%43,849$ Footnotes: (d) Represents anticipated taxable spending outside the City. (b) Estiamted vacancy represents DPFG's estimate based on location relative to other establishments in the market Spending by Residents:Single Family Short Term Rental (a) Estimate based on average anticipated spending of $300 per person per day ($2,100 per week) based on data from Visit California and the 2017 Report on the Economic Impact of Tourism in the Greater Palm Springs Area. Total estimated spending represents spending for all 140 anticipated guests per week at buildout. (c) Per data from Visit California and the 2017 Report on the Economic Impact of Tourism in the Greater Palm Springs Area average visitor spending. 6.6 Other Revenues The City receives various other revenues analyzed under the FIA. These include (i) franchise fees, (ii) charges for services, and (iii) Franchise Fees, among other recurring revenues. These revenues have been estimated using the appropriate multiplier against the City budgeted revenues for each respective revenue category. Accordingly, total annual “other” revenues are anticipated to be $36,140 at buildout, as seen in Appendix B, Table 8. 7.0 FIA Recurring Costs 7.1 General Administration General Government Administration services cost includes City Council, City Manager, City Attorney, City Clerk, and Human Resources. The FIA assumes an estimated 50% marginal increase for these costs as they do not have a 1:1 relationship with population growth (i.e., majority of costs are fixed, not variable). Accordingly, using a Per Capita & 254 Fiscal Impact Analysis January 2022 Polo Villas - 9 - 50% Employee Multiplier, General Administration costs are anticipated to be approximately $5,666 at buildout, as shown in Appendix B, Table 9. 7.2 Police The Police department will be responsible for providing protection services to the Project. To estimate the Project’s impact on police service costs, the FIA uses a Per Capita & 50% Employee Multiplier of approximately $350.51. Based on this multiplier, total annual police service costs for the Project are estimated to be approximately $45,973 at buildout, as shown in Appendix B, Table 9. 7.3 Fire The La Quinta Fire Department provides fire protection and emergency medical services to the City of La Quinta. To estimate the Project’s impact on fire service costs the FIA uses a Per Capita & 50% Employee Multiplier of approximately $150.39. Based on this multiplier, total annual fire service costs are estimated to be approximately $19,725 at buildout, as shown in Table 9. 7.4 Community Resources The Community Services cost category includes services related to Community Resources Administration, Wellness Center Operations, Recreation Programs/Special Events, as well as Code Compliance/Animal Control. Using a Per Capita Multiplier, total Community Services costs are anticipated to be approximately $6,556 at buildout, as shown in Appendix B, Table 9. 7.5 Public Works The Public Works cost category include services related to Parks Maintenance, Public Buildings, Public Works Administration, Development Services, Streets, as well as Engineering Services. Using a Per Capita Multiplier, total Public Works costs are anticipated to be approximately $14,666 at buildout, as shown in Appendix B, Table 9. 7.6 Design & Development The Design & Development cost category include services related to Design & Development Administration, Planning, Building, and The Hub. Using a Per Capita Multiplier, total Public Works costs are anticipated to be approximately $8,344 at buildout, as shown in Appendix B, Table 9. 7.7 Fiscal Services The Fiscal Services cost category includes services related to the collection and investment of City monies, accounting, budgeting, and financial reporting. Using a Per Capita Multiplier, total Public Works costs are anticipated to be approximately $30,646 at buildout, as shown in Appendix B, Table 9. 255 Fiscal Impact Analysis January 2022 Polo Villas - 10 - 8.0 Impact Fees The additional 7 lots proposed for dwelling units within the Project will be subject to development impact fees collected by the City and are a one-time revenue event. The City fees are collected to fund park and recreation, community and cultural center, library, civic center, maintenance facilities, fire protection and transportation improvements. The City will also collect fees for TUMF and MSHCP which will be passed through to Coachella Valley Association of Governments and Coachella Valley Conservation Commission, respectively. The total development impact fees to be paid to the City are anticipated to be approximately $91,966 at buildout, as shown in Appendix B, Table 10. 9.0 Glossary of Defined Terms and Acronyms Budget City of La Quinta Adopted FY 2021/2022 Budget City City of La Quinta Client Avantstay DPFG Development Planning & Financing Group FIA Fiscal Impact Analysis General Fund City of La Quinta General Fund Project Polo Villas State State of California TRA Tax Rate Area VLF Vehicle License Fees 256 Fiscal Impact Analysis January 2022 Polo Villas - 11 - Appendix A 257 AVENUE 50AVENUE 50 AVENUE 51AVENUE 51MADISON STMADISON STAVENUE 52AVENUE 52 258 VISTA BONITA TRAILVISTA BONITA TRAIL MADISON STMADISON ST777-500-007777-500-006 777-500-005 777-500-004 777-500-003 777-500-002 777-500-001 777-500-022 777-500-020777-500-019777-500-018 777-500-017 777-500-016 777-500-021 777 - 5 0 0 - 0 2 5 777-500-008 777-500-009 777-500-010 777-500-011 777-500-015 259 Fiscal Impact Analysis January 2022 Polo Villas - 12 - Appendix B 260 Table 1 - Polo Villa Fiscal Impact Analysis Summary Recurring Revenues: Property Tax 23,263$ Table 4 Property Tax in-lieu of VLF 7,731 Table 5 Transient Occupancy Tax 831,183 Table 6 Off-site Sales Tax 43,849 Table 7 Other Revenues 36,140 Table 8 Total Recurring Revenue 942,166$ Recurring Expenditures: City Council 389$ Table 9 City Manager 1,385 Table 9 Marketing & Community Relations 1,707 Table 9 City Attorney 896 Table 9 City Clerk 805 Table 9 Human Resources 484 Table 9 Police 45,973 Table 9 Fire 19,725 Table 9 Community Resources Adminsitration Totals 1,310 Table 9 Wellness Center Operations 969 Table 9 Recreation Programs & Special Events Table 2,339 Table 9 Code Compliance/Animal Control Totals 1,939 Table 9 Parks Maintenance 6,517 Table 9 Public Buildings 3,402 Table 9 Public Works Administration 953 Table 9 Public Works Development Services 555 Table 9 Streets 1,279 Table 9 Engineering Services 1,961 Table 9 Design & Development Adminsitration Totals 1,690 Table 9 Planning 1,747 Table 9 Building 2,368 Table 9 The Hub 2,539 Table 9 Finance 3,718 Table 9 Central Services 26,928 Table 9 Total Recurring Expenditures 131,577$ Net Fiscal Surplus (Deficit)810,589$ FISCAL IMPACT 261 Table 2 - Polo Villas Population and Employment Data Average Beds per Unit 5.2 (a) Average Persons per Bed 2 (b) Total Anticipated Guests per Unit 10.4 Total Units at Buildout 18 Total Anticipated Guests 187 Average Annual Occupancy Rate 65%(b) Total Anticipated Average Annual Persons Generated 122 (Persons Per Household Equivalent) Population / Visitors 37,558 (c)122 Employees 19,400 (d)- Residents + 50% Employees 47,258 122 Footnotes: (c) Per the United States 2020 Census Total Population for the City of La Quinta. (d) Based upon the California Employment Development Department total employment values for the City of La Quinta dated 11/19/2021. (b) Average of 2 persons per bed and 65% occupancy rate per Client and existing development data estimates. (a) Estimate of 5.2 beds per unit per anticipated land use. Estimated Project Residents City Project 262 Table 3 - Polo Villas Land Use and Assessed Value Assumptions Lot 1 - APN 777-500-001 $ 2,000,000 Lot 2 - APN 777-500-002 2,000,000 Lot 3 - APN 777-500-003 2,000,000 Lot 4 - APN 777-500-004 2,000,000 Lot 5 - APN 777-500-005 2,000,000 Lot 6 - APN 777-500-006 2,000,000 Lot 7 - APN 777-500-007 2,000,000 Lot 8 - APN 777-500-008 2,000,000 Lot 9 - APN 777-500-009 2,000,000 Lot 10 - APN 777-500-010 2,000,000 Lot 11 - APN 777-500-011 2,000,000 Residential Subtotal/Avg.22,000,000$ Average of Assessed Value of Developed Lots $ 2,000,000 Residential Subtotal for Remaining 7 Lots 14,000,000$ Total Project Assessed Value 36,000,000$ Footnotes: (b) Remaining 7 lots to be developed are estimated to have an assessed value equal to the average assessed value of the existing lots. (a) Assessed value per anticipated purchase price of $22,000,000 for existing lots. Residential Developed Lots Lot Total Residential Assessed Value (a) Residential Undeveloped Lots (b) 263 Agency 020-056 020-160 General Fund 9.78120003%9.78214642%9.781837094% County Free Library 1.33136960%1.33136960%1.331369600% County Structure Fire Protection 5.44245812%5.44245812%5.442458120% City of La Quinta 6.46308231%6.46147051%6.461997324% Coachella Valley Unified School District 43.22091200%43.22091200%43.220912000% Desert Community College 6.97569300%6.97569300%6.975693000% Riv. Co. Office of Education 3.79513600%3.79513600%3.795136000% Riv. Co. County Regional Park and Open Sp 0.32203427%0.32203427%0.322034270% Coachella Valley Public Cemetary 0.21306183%0.21306183%0.213061830% CV Mosquito and Vector Control 0.90593538%0.90593538%0.905935380% Coachella Valley Rec and Park 1.09680918%1.09680918%1.096809180% CV Water District State WTR Proj 2.53626300%2.53626300%2.536263000% Coachella Valley Resource Conser 0.03251600%0.03251600%0.032516000% CVWD Imp Dist 1 DS 1.18350300%1.18350300%1.183503000% CVWD Storm Water Unit 3.21070500%3.21070500%3.210705000% ERAF Fund 13.48932128%13.48998669%13.489769202% Total 100.000000%100.000000%100.0000% Project Acres (c)3.36 6.92 10.28 % of Total 32.68%67.32%100.00% Total City General Fund 6.4620% Total Total Assessed Value from Table 2 36,000,000$ Base 1% Ad-Valorem Tax 1.00%360,000$ City Share 6.4620%23,263$ (a) (b) (c) Table 4 - Polo Villas Post-ERAF Share of the Basic Tax Calculation Wtd. Avg. of TRAs (a), (b) Footnotes: Source: Fiscal Year 2020-21 Share of the Basic Tax per Riverside County Auditor-Controller's Office, Property Tax Division. The weighted average of TRAs was calculated by the distribution of acreage among the TRAs within the Project. Shares of the basic tax that are received by the City for each TRA are highlighted in bold print. Data per LandVision. 264 Table 5 - Polo Villas Property Taxes In-Lieu of VLF FY 2021/22 In-Lieu VLF Allocation to City (a)4,615,000$ 2020/21 City Assessed Value (b)14,364,884,152 Total Project Assessed Value per Table 3 36,000,000 Less: Existing Assessed Value (c)(11,936,724) Net (New) Assessed Value 24,063,276$ AV Growth from Project 0.168% Annual City Property Taxes In Lieu of VLF 7,731$ Footnotes: (a) Per City of La Quinta Fiscal Year 2021/22 Adopted Budget. (b) Per Riverside County Assessor's Office 2020/21 Assessment Roll. (c) Current assessed value based on APN's 777-500-001, 777-500-002, 777-500- 003, 777-500-004, 777-500-005, 777-500-006, 777-500-007, 777-500-008, 777- 500-009, 777-500-010, 777-500-011, 777-500-016, 777-500-017, 777-500-018, 777-500-019, 777-500-020, 777-500-021, 777-500-022. 265 Table 6 - Polo Villas Transient Occupancy Taxes Plan Type No. of Units Annual Rent Annual Rent Per Unit 5-Bed Units 6 2,635,163$ 439,194$ 6-Bed Units 5 2,444,289 488,858 Total 11 5,079,452$ 461,768$ Plan Type No. of Units Anticipated Annual Rent Annual Rent Per Unit To be Determined 7 3,232,379$ 461,768$ Total 7 3,232,379$ 461,768$ Total Anticipated Annual Rental Revenues 8,311,831$ 461,768$ Annual City Short-term Rental TOT (c)10.00%831,183$ 46,177$ Footnotes: (c) Transient occupancy tax rate per City of La Quinta Adopted Budget. (a) Existing Residential Development plan type, number of units, and anticipated gross rental revenue per Client. Existing Residential Development (a) Proposed Residential Development (b) (b) Proposed residential development for remaining 7 lots is anticipated to be the weighted average of the existing lots annual rent per unit. 266 Table 7 - Polo Villas Off-Site Sales Tax Revenue Total Estimated Spending per Week per Person (a)2,100$ 255,528$ Estimated Annual Spending 13,287,456$ Less: Vacancy (b)20%(2,657,491) Less: Estimated Annual spending on Lodging and Non Taxable Sales (c)47%(6,245,104) Total Anticipated Annual taxable spending 4,384,860$ Total Spending anticipated outside City (d)50%(2,192,430)$ Total Taxable Spending within City of La Quinta 2,192,430$ Annual Sales Taxes to City 1.00%21,924$ Annual Measure G Sales Taxes to City 1.00%21,924$ Total Annual Sales Tax to City 2.00%43,849$ Footnotes: (d) Represents anticipated taxable spending outside the City. (b) Estiamted vacancy represents DPFG's estimate based on location relative to other establishments in the market Spending by Residents:Single Family Short Term Rental (a) Estimate based on average anticipated spending of $300 per person per day ($2,100 per week) based on data from Visit California and the 2017 Report on the Economic Impact of Tourism in the Greater Palm Springs Area. Total estimated spending represents spending for all 140 anticipated guests per week at buildout. (c) Per data from Visit California and the 2017 Report on the Economic Impact of Tourism in the Greater Palm Springs Area average visitor spending. 267 Table 8 - Polo Villas Other Recurring Revenues Revenue Category City FY 2021/2022 Adopted Budget (a)Adjustment Adjusted Budget Multiplier Factor Project Equivalent Persons Project Revenues Tax Revenues Property Tax Revenue 2,605,000$ 100% $ 2,605,000 Case Study - - -$ No-Low City Property Tax 4,706,000 100% 4,706,000 Case Study - - - RPTTF Pass Through 1,616,000 100% 1,616,000 Per Capita & 50% Employee 34 122 4,161 State Sales Tax 10,000,000 100% 10,000,000 Case Study - - - Measure G Sales Tax 11,500,000 100% 11,500,000 Case Study - - - Document Transfer Tax 750,000 100% 750,000 Case Study - - - TOT - Hotels 5,000,000 100% 5,000,000 Case Study - - - TOT - Short Term Vac. Rentals 3,000,000 100% 3,000,000 Case Study - - - TOT - Bed and Breakfast 90,000 100% 90,000 Case Study - - - TOT - Resort Fees 250,000 100% 250,000 Case Study - - - Franchise Taxes - Burrtec 785,000 100% 785,000 Per Capita & 50% Employee 17 122 2,021 SoCal Gas Franchise 140,000 100% 140,000 Per Capita & 50% Employee 3 122 360 Cable Television Franchise Fee 650,000 100% 650,000 Per Capita & 50% Employee 14 122 1,674 Communications Franchise Fees 250,000 100% 250,000 Per Capita & 50% Employee 5 122 644 Property Tax In Lieu of VLF 4,615,000 100% 4,615,000 Case Study - - - Total Tax Revenues 45,957,000$ $ 45,957,000 8,860$ Licenses & Permits 2,252,000$ $ 2,252,000 N/A - - -$ Intergovernmental 8,251,100 8,251,100 Per Capita & 50% Employee 175 122 21,245$ Charges for Services 876,010 876,010 Per Capita & 50% Employee 19 122 2,256$ Fines, Forfeitures & Abatements 294,000 294,000 Per Capita & 50% Employee 6 122 757$ Use of Money & Property 545,000 545,000 Per Capita & 50% Employee 12 122 1,403$ Miscellaenous 629,100 629,100 Per Capita & 50% Employee 13 122 1,620$ Transfers In - - Per Capita & 50% Employee - 122 -$ Total 58,804,210$ 58,804,210$ 36,140$ Footnotes: (a) Based on revenue allocations per the City of La Quinta Fiscal Year 2021-22 Adopted Budget pages 33-35. 268 Table 9 - Polo Villas Recurring Expenditures Expenditure Category City FY 2021/2022 Adopted Budget (a)Adjustment Adjusted Budget Multiplier Factor Project Equivalent Persons Project Cost City Council 302,200$ 50%151,100$ Per Capita & 50% Employee 3.20$ 122 $ 389 City Manager 1,076,000 50%538,000 Per Capita & 50% Employee 11.38 122 1,385 Marketing & Community Relations 1,325,900 50%662,950 Per Capita & 50% Employee 14.03 122 1,707 City Attorney 696,000 50%348,000 Per Capita & 50% Employee 7.36 122 896 City Clerk 625,200 50%312,600 Per Capita & 50% Employee 6.61 122 805 Human Resources 376,000 50%188,000 Per Capita & 50% Employee 3.98 122 484 Police 17,855,100 100%17,855,100 Per Capita & 50% Employee 377.82 122 45,973 Fire 7,660,800 100%7,660,800 Per Capita & 50% Employee 162.11 122 19,725 Community Resources Adminsitration Totals 808,500 50%404,250 Per Capita 10.76 122 1,310 Wellness Center Operations 597,900 50%298,950 Per Capita 7.96 122 969 Recreation Programs & Special Events Table 908,300 100%908,300 Per Capita & 50% Employee 19.22 122 2,339 Code Compliance/Animal Control Totals 1,506,320 50%753,160 Per Capita & 50% Employee 15.94 122 1,939 Parks Maintenance 2,530,900 100%2,530,900 Per Capita & 50% Employee 53.55 122 6,517 Public Buildings 1,321,200 100%1,321,200 Per Capita & 50% Employee 27.96 122 3,402 Public Works Administration 739,900 50%369,950 Per Capita & 50% Employee 7.83 122 953 Public Works Development Services 431,200 50%215,600 Per Capita & 50% Employee 4.56 122 555 Streets 496,600 100%496,600 Per Capita & 50% Employee 10.51 122 1,279 Engineering Services 761,800 100%761,800 Per Capita & 50% Employee 16.12 122 1,961 Design & Development Adminsitration Totals 656,200 100%656,200 Per Capita & 50% Employee 13.89 122 1,690 Planning 678,600 100%678,600 Per Capita & 50% Employee 14.36 122 1,747 Building 919,800 100%919,800 Per Capita & 50% Employee 19.46 122 2,368 The Hub 986,000 100%986,000 Per Capita & 50% Employee 20.86 122 2,539 Finance 1,444,100 100%1,444,100 Per Capita & 50% Employee 30.56 122 3,718 Central Services 10,458,206 100%10,458,206 Per Capita & 50% Employee 221.30 122 26,928 Total 55,162,726$ 50,920,166$ 131,577$ Footnotes: (a) Based on expenditure allocations by department per the City of La Quinta Fiscal Year 2021-22 Adopted Budget page 24. 269 Table 10 - Polo Villa Unit of Measure Fee Quantity Total Fees City of La Quinta Park Improvements (a)Per Unit 2,106$ 7 14,742$ Community/Culture (a)Per Unit 956 7 6,692 Library (a)Per Unit 397 7 2,779 Civic Center (a)Per Unit 1,230 7 8,610 Maintenance Facilities (a)Per Unit 313 7 2,191 Fire (a)Per Unit 369 7 2,583 Transportation (a)Per Unit 4,009 7 28,063 CVAG TUMF (b)Per Meter 2,358 7 16,506 Multi Species Plan Fees (c) Per Meter 1,400 7 9,800 Total Estimated Development Impact Fees:91,966$ Per Unit:13,138$ Footnotes: (a) (b) (c) Represents the currently collected Coachella Valley Association of Governments ("CVAG") TUMF rate per unit, effective January 1, 2022. Typically the TUMF rate is adjusted every July, however, this year the increase was in effect in January and the next increase is anticipated in July 2022. Represents the currently collected Multi Species Plan Fees "MSHCP") by the Coachella Valley Conservation Commission effective July 1, 2021. The MSHCP fee increases annually with the next increase anticipated for July 2022. Development Impact Fee Budget Represents the impact fees applicable to the proposed project per the City of La Quinta ("City") Development Impact Fee Study dated September 23, 2019 effective for permit applications received on or after July 1, 2020. Estimate of Total Project Development Impact Fees 270 Planning Commission Meeting - January 22, 2022 Public Hearing Item No. 2 Development Agreement DA2021-0003 – Polo Villas PLANNING COMMISSION MINUTES Page 1 of 3 January 11, 2022 PUBLIC HEARING ITEM NO. 2 2.ADOPT A RESOLUTION RECOMMENDING APPROVAL OF A DEVELOPMENT AGREEMENT FOR POLO VILLAS. CEQA: THE PROJECT IS CONSISTENT WITH PREVIOUSLY ADOPTED ENVIRONMENTAL ASSESSMENTS 2005-537 AND 2010-608. LOCATION: WEST OF MADISON STREET BETWEEN AVENUES 50 AND 52 DECLARATIONS REGARDING COMMISSION PUBLIC CONTACT – None. Planning Manager Flores presented the staff report which is on file in the Design and Development Department. Staff answered questions regarding the principal uses of the current and proposed homes; current guidelines for approving Development Agreements (DA) that allow for exemptions to the Municipal Code that prohibits new Short- Term Vacation Rental (STVR) permit issuance and DA provisions for such issuance; Code compliance and violation history of the development’s existing STVRs; noticing procedures and efficacy for this Public Hearing; public feedback or comment received to date; number of permanent or long-term residents within the noticing area; the transferability of STVR permits if DA is approved; the Polo Estates policies on STVR permits; current and prospective ownership of the units within the development. CHAIRPERSON NIETO DECLARED THE PUBLIC HEARING OPEN AT 6:19 P.M. PUBLIC SPEAKER: Alena Callimanis, La Quinta – opposed the project due to language of the Public Hearing Notice; DA’s inconsistency with the City’s current code which restricts issuance of STVR permits. PUBLIC SPEAKER: Applicant, Fiona Quinn, Vice President of Legal Affairs for Avantstay - answered questions regarding Avantstay’s primary interest in the property for STVR use; Code compliance and violation history of the properties existing units and the Applicant’s existing STVR properties outside of the development; primary use of residential properties surrounding the development; internal and third party on-site security and property rental management; the ability to rent the units as long-term rentals. Co-Applicant Sean Breuner, CEO of Avantstay, provided a brief overview of the current development’s primary uses; the positive fiscal impact this community will have on the City due to projected Transient Occupancy Tax receipts; the company’s history of successful management of STVR properties with minimal code violations; the intent of the company to provide a high-end, luxury experience with value added services to include private chef services and fully stocked amenities offered at a premium price; the added on-site 24 security; ATTACHMENT 3 271 Planning Commission Meeting - January 22, 2022 Public Hearing Item No. 2 Development Agreement DA2021-0003 – Polo Villas PLANNING COMMISSION MINUTES Page 2 of 3 January 11, 2022 PUBLIC HEARING ITEM NO. 2 the consistency with the existing property uses and proximity to the site of the festivals; the property’s ability to insulate STVR issues from outside residences due to the layout of the development as well as internally controlled trash and noise levels; traffic and festival access agreements with Golden Voice to minimize STVR tenant impact on public access in the festival areas. CHAIRPERSON NIETO DECLARED THE PUBLIC HEARING CLOSED AT 6:31 P.M. The Commission discussion followed regarding noticing language and procedures; consistency with existing units and inconsistency with the City’s Municipal Code as it relates to STVR permits; history of Code compliance and violations within the existing community and of the prospective owners; possibility of approval setting a precedence for other developers; DA negating the work of the STVR Ad-Hoc Committee and City Council to limit STVR permits; standard 50-year Development Agreement terms; the importance of Transient Occupancy Tax and the benefits to the City; appropriateness of STVR for this particular area and for clusters of STVR limiting exposure to long-term residences; the Commission’s ability to evaluate Agreements that include STVR provisions on a case-by-case basis; DA provisions requiring specific compliance measures be met; the intent of the original development of the Polo Villas and other possible uses given its proximity to the festivals site. Due to technical difficulties, Commissioner Proctor left the meeting during his comments at 6:44 P.M. and returned at 6:45 P.M. for the duration of the meeting. This did not result in the loss of a quorum during this time, and he was allowed the floor to complete his comments prior to a motion being made. MOTION – A motion was made and seconded by Chairperson Nieto/Commissioner Currie to adopt Planning Commission Resolution 2022- 004 recommending City Council approval of Development Agreement (DA2021-0003) and find the project consistent with the previously adopted Mitigated Negative Declarations EA2005-537 and EA2010-608, as recommended: A RESOLUTION OF THE PLANNING COMMISSION OF THE CITY OF LA QUINTA, CALIFORNIA, RECOMMENDING APPROVAL TO THE CITY COUNCIL OF A DEVELOPMENT AGREEMENT BY AND BETWEEN THE CITY OF LA QUINTA AND GTGF, LLC RELATING TO POLO VILLAS RESIDENCES AND A FINDING THAT THE PROJECT IS CONSISTENT WITH ENVIRONMENTAL ASSESSMENTS 2005-537 AND 2010-608 CASE NUMBERS: DEVELOPMENT AGREEMENT 2021-0003 APPLICANT: GTGF, LLC 272 Planning Commission Meeting - January 22, 2022 Public Hearing Item No. 2 Development Agreement DA2021-0003 – Polo Villas PLANNING COMMISSION MINUTES Page 3 of 3 January 11, 2022 PUBLIC HEARING ITEM NO. 2 AYES: Commissioners Currie, Hassett, McCune, and Chairperson Nieto NOES: Commissioners Caldwell, Proctor, and Tyerman ABSENT: None. ABSTAIN: None. Motion passed by majority vote. 273 274 FINANCIAL ADVISORY COMMISSION MINUTES Page 1 of 4 NOVEMBER 10, 2021 REGULAR QUARTERLY MEETING FINANCIAL ADVISORY COMMISSION MINUTES WEDNESDAY, NOVEMBER 10, 2021 CALL TO ORDER A regular quarterly meeting of the Financial Advisory Commission (Commission) was called to order at 4:00 p.m. by Chairperson Batavick. This meeting provided teleconferencing accessibility pursuant to Executive Orders N-60-20 and N-08-21 executed by the Governor of California, and subsequently Assembly Bill 361 (AB 361, 2021), enacted in response to the state of emergency relating to novel coronavirus disease 2019 (COVID-19) and enabling teleconferencing accommodations by suspending or waiving specified provisions in the Ralph M. Brown Act (Government Code § 54950 et seq.). PRESENT: Commissioners Anderson, Campbell, Dorsey, Mast, Mills Way, and Chairperson Batavick ABSENT: None STAFF PRESENT: Interim Finance Director Martinez, Financial Services Analyst Hallick, and Management Assistant Delgado. PLEDGE OF ALLEGIANCE Commissioner Anderson led the audience in the Pledge of Allegiance. PUBLIC COMMENT ON MATTERS NOT ON THE AGENDA None CONFIRMATION OF AGENDA Confirmed ANNOUNCEMENTS, PRESENTATIONS, AND WRITTEN COMMUNICATIONS 1. WELCOME COMMISSIONER MAST The Commission welcomed Commissioner Mast, and all Commissioners shared a brief introduction of their experiences and qualifications. CONSENT CALENDAR ITEMS 1. APPROVE MEETING MINUTES DATED AUGUST 4, 2021 REPORTS AND INFORMATIONAL ITEM NO. 30 275 FINANCIAL ADVISORY COMMISSION MINUTES Page 2 of 4 NOVEMBER 10, 2021 REGULAR QUARTERLY MEETING 2. APPROVE SPECIAL MEETING MINUTES DATED OCTOBER 6, 2021 3. RECEIVE AND FILE REVENUE AND EXPENDITURE REPORT DATED JUNE 30, 2021 4. RECEIVE AND FILE REVENUE AND EXPENDITURE REPORT DATED JULY 31, 2021 Commissioner Mills 3 of the August 4, Motion A motion was made and seconded by Commissioners Way/Dorsey to approve the Consent Calendar as amended, incorporating the language revision as noted above by Commissioner Mills on the August 4, 2021 minutes. Motion passed: ayes 7, noes 0. BUSINESS SESSION None STUDY SESSION None DEPARTMENTAL REPORTS All reports are on file in the finance department. 1. SECOND QUARTER 2021 (APRIL-JUNE) SALES TAX UPDATE FOR THE CITY OF LA QUINTA 2. INVESTMENT PORTFOLIO REVIEW Financial Services Analyst Hallick provided an overview of relevant sections of the California Government C related to Chair Batavick requested a verbal update on Commissioner tems numbered 1 through 7 below: 1. Measure G Annual Report (Report) Financial Services Analyst Hallick said that the Report subcommittee was provided revenues information for review, a draft Report and expenditures would be sent to the subcommittee the week of November 276 FINANCIAL ADVISORY COMMISSION MINUTES Page 3 of 4 NOVEMBER 10, 2021 REGULAR QUARTERLY MEETING 15, and a meeting will be scheduled the week of November 30 to review all information, obtain input, and make any additional requested edits. She said a special meeting for the Commission would be needed in December e it is tabled for Council deration. 2. Fiscal End of Year 2020/21 Audit (Audit) Interim Finance Director Martinez said that the Audit began on November 8 and is currently ongoing. 3. 10-Year Projections Subcommittee Interim Finance Director Martinez said staff will send available meeting dates to the subcommittee to discuss ideas and recommendations on reformatting the 10-year projections report. Financial Services Analyst Hallick Community Workshop is scheduled for January 29, 2022. 4. Reserve Study (Study) Staff said the Study review is anticipated to take place in Spring of 2022. 5. . Interim Finance Director Martinez said the recruitment is still pending and possibly by December a selection will be made. 6. Point Happy Land Acquisition Interim Finance Director Martinez said that the available funds in the Land Acquisition account for the purchase was approved in the adopted 2021/22 budget and that additional information on the purchase and use of this property would need to be obtained Office. 7. High Inflation and Supply Chain Issues Chair Batavick inquired if staff has looked into a strategy for any impacts high inflation and supply chain issues, which may cause a rise in operating expenses. Interim Finance Director Martinez said that will be a priority to review during the start of the Commissioner Mills inquired if the Reserve Study Report had been distributed amongst the new Commissioners. Staff said the report can be found in the Commissions meeting archive documents found on th 277 FINANCIAL ADVISORY COMMISSION MINUTES Page 4 of 4 NOVEMBER 10, 2021 REGULAR QUARTERLY MEETING The Commission discussed the process for adding items on the agenda for public meetings; and inquired if the City Clerk could make a brief presentation Office will be presenting an overview on the recently updated and distributed Handbook at a future meeting, and that Section 2.9 under Rules of Procedure (Resolution No. 2021-034) included in the Commissioner Handbook as Attachment 2 provides guidance on the process for requesting the addition of items to the agenda for a future meeting. Commissioner Way asked the Commission to reconsider the start time for Commission meetings. The Commission inquired about in person meetings for the Commission. Staff said they will provide the update to the Commission as soon as it is available. The Commission and staff discussed when fiscal year 2022/23 budget review would commence. Staff said a timeline with tentative dates would be added ADJOURNMENT There being no further business, it was moved and seconded by Commissioners Mills/Dorsey to adjourn this meeting at 5:05 p.m. Motion passed: ayes 7, noes 0. Respectfully submitted, Jessica Delgado, Management Assistant City of La Quinta, California 278 FINANCIAL ADVISORY COMMISSION MINUTES Page 1 of 4 DECEMBER 14, 2021 SPECIAL MEETING FINANCIAL ADVISORY COMMISSION SPECIAL MEETING MINUTES TUESDAY, DECEMBER 14, 2021 CALL TO ORDER A special meeting of the La Quinta Financial Advisory Commission (Commission) was called to order at 4:00 p.m. by Chair Batavick. This meeting was held by teleconference pursuant to Executive Orders N-60- 20 and N-08-21 executed by the Governor of California, and subsequently Assembly Bill 361 (AB 361, 2021), enacted in response to the state of emergency relating to novel coronavirus disease 2019 (COVID-19) and enabling teleconferencing accommodations by suspending or waiving specified provisions in the Ralph M. Brown Act (Government Code § 54950 et seq.), members of the public, the Financial Advisory Commission, the City Manager, City Attorney, City Staff, and City Consultants may participate in this special meeting by teleconference. PRESENT: Commissioners Anderson, Campbell, Dorsey, Mast, Mills, Way, and Chair Batavick ABSENT: None STAFF PRESENT: Interim Finance Director Martinez, Financial Services Analyst Hallick, City Clerk Radeva, Management Assistant Delgado, Management Analyst Mignogna, and Public Works Director/City Engineer McKinney PLEDGE OF ALLEGIANCE Commissioner Anderson led the audience in the Pledge of Allegiance. PUBLIC COMMENT ON MATTERS NOT ON THE AGENDA None CONFIRMATION OF AGENDA Confirmed ANNOUNCEMENTS, PRESENTATIONS, AND WRITTEN COMMUNICATIONS 1. City Clerk Radeva provided a brief overview of Section 2.9 - Requesting the Addition REPORTS AND INFORMATIONAL ITEM NO. 31 279 FINANCIAL ADVISORY COMMISSION MINUTES Page 2 of 4 DECEMBER 14, 2021 SPECIAL MEETING of Items to a Future Agenda, under Rules of Procedure (Resolution No. 2021- 034) included in the Attachment 2 provided to all City established Boards and Commissions. Ms. Radeva also provided an overview on general updates on departmental structure within the City; provisions of the Ralph M. Brown Act (Government Code Section 54950 et seq.); process for general inquiries not under the scope and purview of the Commission; examples of serial meetings; and requirements necessary for in- person commission meetings and provided an update on this process. The Commission and staff congratulated Claudia Martinez on her promotion to Finance Director for the City. CONSENT CALENDAR ITEMS 1. RECEIVE AND FILE REVENUE AND EXPENDITURE REPORT DATED AUGUST 30, 2021 2. RECEIVE AND FILE FIRST QUARTER FISCAL YEAR 2021/22 TREASURY REPORTS FOR JULY, AUGUST, SEPTEMBER 2021 Motion A motion was made and seconded by Commissioners Anderson/Mills to approve the Consent Calendar. Motion passed unanimously. BUSINESS SESSION 1. APPROVE RECOMMENDATION OF HIGHWAY BRIDGE PROGRAM ADVANCED CONSTRUCTION FUNDING FOR THE DUNE PALMS ROAD BRIDGE PROJECT NO. 2011-05 (Project) Management Analyst Mignogna presented the staff report, which is on file in the Finance Department. The Commission, staff, and City Consultant/Project Manager Nickerson with NAI Consulting, inc. discussed how expenses are disclosed and reflected for the Project ; timeline process for Project reimbursement; funding allocation options; other agency funding shares; and Measure G and Unassigned reserve projections. The Commission requested Comprehensive Financial Report. Motion A motion was made and seconded by Commissioners Mills/Dorsey to approve recommendation of using a combination of both unassigned and Measure G funds for Highway Bridge Program Advanced Construction Funding for the Dune Palms Road Bridge Project No. 2011-05. Motion passed unanimously. 280 FINANCIAL ADVISORY COMMISSION MINUTES Page 3 of 4 DECEMBER 14, 2021 SPECIAL MEETING 2. RECEIVE AND FILE FISCAL YEAR 2020/21 MEASURE G SALES TAX COMPLIANCE REPORT Financial Services Analyst Hallick presented the staff report, which is on file in the Finance Department. Ms. Hallick thanked the subcommittee for their dedication and hard work in auditing and formulating the fiscal year 2020/21 annual Measure G compliance report (Report). Commissioner Mills suggested some minor changes to the Report such as changing the word recap to summary on page one, in last sentence in first paragraph under Overview; adding 23% in front of Measure G funds in second bullet point under Report Highlights on page one; replacing the word stronger with greater in first sentence under Fiscal Year 2020/21 Revenues on page one; and replacing the word concludes to confirms in last paragraph under Measure G Background and Compliance Summary on last page of Report. Discussion followed that the Report is published on website and possibly in the La Quinta Gem newspaper, a local publication in La Quinta. Motion A motion was made and seconded by Commissioners Anderson/Batavick to receive and file the fiscal year 2020/21 annual Measure G compliance report as amended by Commissioner Mills. Motion passed unanimously. 3. APPOINT TWO FINANCIAL ADVISORY COMMISSIONERS TO SERVE ON THE FISCAL YEAR 2022/23 GENERAL FUND OPERATING BUDGET SUBCOMMITTEE Interim Finance Director Martinez presented the staff report, which is on file in the Finance Department. Commissioner Anderson, Dorsey, and Mast expressed their willingness to serve on the fiscal year 2022/23 general fund operating budget subcommittee. Motion A motion was made and seconded by Commissioners Batavick/Mills to appoint Commissioners Anderson, Dorsey, and Mast to serve on the fiscal year 2022/23 general fund operating budget subcommittee. Motion passed unanimously. STUDY SESSION None 281 FINANCIAL ADVISORY COMMISSION MINUTES Page 4 of 4 DECEMBER 14, 2021 SPECIAL MEETING DEPARTMENTAL REPORTS All reports are on file in the finance department. 1. COMMUNITY WORKSHOP IN JANUARY Chair Batavick shared his experience from past community workshops and encouraged other commissioners to attend. 2. FINANCE DEPARTMENT CURRENT AND FUTURE INITIATIVES Chair Batavick inquired about the review of capital improvement budget and if the this year by the Commission. Staff said the capital improvement budget is included in the fiscal year 2022/23 operating budget subcommittee review and that the unfunded pension liability reviewed last year would be reviewed again in fiscal year 2022/23. CO Chair Batavick December 7, 2021, which Commissioner Anderson also attended. Chair Batavick said that he would recommend to the group who reviews the the future to consider steps to fully fund the selected to review the fiscal year 2022/23 operating budget to pay close attention to the high inflation currently taking place. unfunded pension liability. ADJOURNMENT There being no further business, it was moved by Chair Batavick to adjourn this meeting at 5:45 p.m. Motion passed unanimously. Respectfully submitted, Jessica Delgado, Management Assistant City of La Quinta, California 282 POWER POINTS CITY COUNCIL MEETING MARCH 1, 2022 03/01/2022 1 City Council Meeting March 1, 2022 City Council Meeting March 1, 2022 Closed Session In Progress 1 2 03/01/2022 2 Pledge of Allegiance Public Comment - Teleconference Join virtually via Zoom https://us06web.zoom.us/j/82540879912 Meeting ID: 825 4087 9912 “Raise Hand” to speak Limit Comments to 3 minutes 3 4 03/01/2022 3 Public Comment - Teleconference Join virtually via Zoom by phone: (253) 215 - 8782 Meeting ID: 825 4087 9912 *9 = Raise Hand; *6 = Unmute Limit Comments to 3 minutes Public Comment – Raise Hand 5 6 03/01/2022 4 Public Comment – Raise Hand Public Comment Via Teleconference In Progress https://us06web.zoom.us/j/82540879912 Meeting ID: 825 4087 9912 Telephone: (253) 215-8782 “Raise Hand” to request to speak *9 = Raise Hand; *6 = Unmute Limit Comments to 3 minutes 7 8 03/01/2022 5 City Services Available Online City Services available through City website: www.laquintaca.gov Questions or assistance (760) 777-7000 The Hub (Permits/Licenses) available through City website: www.laquintaca.gov Questions or assistance (760) 777-7125 or Email: customerservice@laquintaca.gov City Council Meeting March 15, 2022 Presentations 9 10 03/01/2022 6 Desert View Power WHAT IS DESERT VIEW POWER? 11 MITCHELL MARTIN DIRECTOR OF OPERATIONS & ENGINEERING GREENLEAF POWER, LLC EMAIL: MMARTIN@GREENLEAF-POWER.COM PHONE: (832) 671-1978 WWW.GREENLEAF-POWER.COM 12 11 12 03/01/2022 7 Desert View Power WHAT IS DESERT VIEW POWER? •Owned since 2010 by Greenleaf Power •Built in early 1990’s and addresses air quality concerns caused by agricultural open burning •1 of 4 facilities owned by Greenleaf in North America •Located on the Cabazon Band of Mission Indians Reservation •Makes enough energy to power nearly 50,000 homes for a year 13 Desert View Power BIOMASS BENEFITSIMPROVED REGIONAL AIR QUALITY •Eliminates the need for open burning of agricultural waste •Controlled combustion in a biomass boiler coupled with emissions controls technology dramatically reduces the creation and release of criteria pollutants. •Versus open burning, DVP reduces particulate matter (PM), nitrogen oxides, carbon monoxide, and volatile organic compounds 14 13 14 03/01/2022 8 Desert View Power DVP OPERATIONS •Providing renewable energy to Southern California since 1992 •Makes energy from: •Woody ag waste •Clean construction/demolition debris •We serve Coachella Valley communities •Woody agricultural waste comes from Coachella Valley community and would otherwise be open burned •Construction and demolition material would otherwise go to landfill 15 Desert View Power WHAT IS WOODY BIOMASS? •Trimmed trees •Orchard and vine removal •Fruit pits and shells •Scrap wood from manufacturing, such as pallets •Construction materials and other woody material that would otherwise be landfilled or open burned 16 15 16 03/01/2022 9 Desert View Power WE HELP THE LOCAL ECONOMY •DVP employs 26 hourly employees at an average salary of more than $28/hour •With overtime, the average rate increases to more than $38/hour •Both hourly and salaried employees have full benefits, including: •Medical •Dental •Vision •DVP employs more than 100 contractors every Spring and Fall 17 •Retirement •Vacation and sick leave •Life insurance Desert View Power WE PROVIDE LOCAL FINANCIAL SUPPORT We make payments totaling more than $17 million annually Local, state, and federal governments and organizations 18 17 18 03/01/2022 10 Desert View Power WE ARE STRICTLY REGULATED BY GOVERNMENT AGENCIES MANY agencies regulate our facility: •US Environmental Protection Agency (USEPA) •South Coast Air Quality Management District •County of Riverside 19 Desert View Power RECYCLED CONTENT PRODUCT PROCUREMENT REQUIREMENTS WE CAN HELP YOUR CITY WITH SB 1383 COMPLIANCE Produce electricity, today, by utilizing organic waste, feedstock, and woody waste requiring no operational changes so that local governments can get SB 1383 credit ASAP. Boast a robust tracking system to assist jurisdictions with CalRecycle’s SB 1383 reporting requirements. Can readily provide SB 1383 compliant ROWP due to their ability to produce electricity. Benefit the local environment and economy of surrounding communities. Biomass facilities… 20 19 20 03/01/2022 11 Desert View Power RECYCLED CONTENT PRODUCT PROCUREMENT REQUIREMENTS WE CAN HELP YOUR CITY WITH SB 1383 COMPLIANCE Convenience All cities and counties can use this option, regardless of their location or electric service provider. Timing Time is short – some aspects of SB 1383 compliance were required as of January 1, 2022. 21 21 22 03/01/2022 12 City Council Meeting March 1, 2022 S1 – STVR Program 2021 Update •Characteristics – Dec. 31, 2021 •Compliance status – Dec. 31, 2021 •Taxes, Fees, & STVR Program Costs •Citizens’ Initiative Petition STVR Program – 2021 Overview 23 24 03/01/2022 13 •Moratorium – Aug. 4, 2020 to Jun. 1, 2021 via Executive Order No. 10 & succeeding amendments •Permanent Ban – May 20, 2021 – LQMC Section 3.25.055 •New permits have not been issued outside of exempt areas since August 4, 2020 •Existing permits can be renewed, but cannot be transferred Background 1,165 Active STVR Permits – Dec. 2021 25 26 03/01/2022 14 Active STVR Permits Decline Since Jan. 2021 Active Permits & Density Declined 19.38% STVR Permit Area Allocations - Jan-Dec 2021 Areas January Q-1 Mar Q-2 Jun Q-3 Sept Q-4 Dec Density as of Dec. 2021 % change since Jan. North La Quinta 137 124 115 112 112 4.40% -18.25% Mid La Quinta 140 132 127 121 118 11.50% -15.71% The Cove 292 276 263 258 252 5.30% -13.70% South La Quinta (PGA West) 468 438 407 375 354 11.60% -24.36% Permit Ban Area Totals: 1,037 970 912 866 836 7.40% -19.38% STVR Exempt Areas 269 276 297 309 321 35.20% 19.30% HOA Restricted Legacy 14 11 7 6 8 0.10% -42.86% Citywide Totals: 1,320 1,257 1,216 1,181 1,165 5.30% -11.70% 27 28 03/01/2022 15 STVR Density – Permit Ban Areas Figure 4 shows that density in Permit Ban areas collectively decreased from 9.14% to 7.4% during 2021. STVR Density – Permit Ban Areas 29 30 03/01/2022 16 Exempt Areas AREA ZONING Embassy Suites (Casitas Las Rosas) Village Commercial District Homewood Suites (La Quinta Desert Villas)Tourist Commercial (TC) District La Quinta Resort, including Spa and Tennis Villas Within/adjacent to TC District Signature at PGA West TC District Legacy Villas TC District Codorniz Subject to entitlement approval Puerta Azul Subject to entitlement approval SilverRock Specific Plan TC District – Undeveloped Compliance Overview 2021 STVR Program: Compliance: 1) Permitting & Licensing; 1) Managing complaints; 2) Tax collection; 2) Conducting investigations 3) Compliance 3) Enforcement Code updates – Jan. 15, 2021 – enhanced regulations, enforcement, and fines 31 32 03/01/2022 17 Compliance Overview 2021 STVR compliance measures – 2 categories: •Disturbance – due to noise, generally caused by large events or gatherings, children running/ screaming/laughing, popping balloons, construction, slamming doors; excessive parking, bright lights, trash, unmaintained yard, etc. •Administrative – operating/advertising without STVR permit or business license, failure to display permit on listing, incorrect or missing occupancy limit advertised, failure to report TOT, etc. STVR Complaints Citywide 2021 - Citywide complaints peaked at 348 in Q-2 & steadily declined by 75.57% - Unpermitted complaints are the relative majority in 2nd half of 2021 33 34 03/01/2022 18 Enforcement - Citywide - Citation peaked at 86 in Q-2 & steadily declined by 82.55% to 15 - Unpermitted citation increased throughout 2021 Enforcement – Citywide 2021 - 65% of all 2021 citations were issued to unpermitted STVR properties - 70% of all 2021 citations were issued for administrative matters 35 36 03/01/2022 19 STVR Compliance - Permitted vs. Unpermitted - In Dec. 2021 less than 0.8% of permitted STVR properties received a complaint & were subject to enforcement actions STVR Taxes, Fees, & Program Costs •Despite declining STVR permits, TOT revenues continued to increase in 2021 •Citation fine collections spiked in 2020-21 in correlation with enhanced enforcement, but are expected to decrease in 2022 as overall compliance increases •Permit/licensing fees are projected to be sufficient to cover STVR program operational costs in 2022 STVR Revenue Summary: January - December Revenue Type 2019 2020 2021 Transient Occupancy Tax Revenue (TOT) $ 3,793,699 $ 4,513,085 $ 5,921,344 *Citation Fine Collections: $ 65,450 $ 329,575 $ 431,883 STVR Permit Fee $ 200,542 $ 307,781 $ 758,780 STVR Permit Inspection Fee $ 25,025 $ 9,425 $ 1,950 STVR Permit Business License Fee (estimated)$ 52,000 $ 55,000 $ 50,000 Total STVR Permits/Licensing Fees : $ 277,567 $ 372,206 $ 810,730 Total Annual STVR Revenues: $ 4,136,716.43 $ 5,214,865.58 $ 7,163,956.94 *Citation Fine Collections revenue list collections current as of 1/25/2022 37 38 03/01/2022 20 TOT Revenues – 2 nd half of 2021 •Permit Ban areas generate 82.65% of STVR TOT revenues = $2,341,271.09 •Exempt Areas generate 17.35% of STVR TOT revenues = $491,452.96 *TOT revenue list collections current as of February 2022 July Aug Sept Oct Nov Dec TOTALS per AREAS Exempt $ 64,385.61 $ 47,697.56 $ 46,487.81 $ 75,907.01 $ 126,579.86 $ 130,395.11 $ 491,452.96 Cove $ 122,660.92 $ 108,411.73 $ 88,051.86 $ 81,148.65 $ 117,380.42 $ 107,377.74 $ 625,031.32 Mid LQ $ 50,195.20 $ 33,114.83 $ 33,135.23 $ 49,358.26 $ 78,392.90 $ 71,366.52 $ 315,562.94 North LQ $ 68,884.96 $ 54,133.68 $ 47,824.56 $ 49,964.72 $ 64,369.69 $ 65,673.75 $ 350,851.36 South LQ $ 168,361.52 $ 116,965.67 $ 112,282.07 $ 136,705.52 $ 264,681.34 $ 250,829.35 $ 1,049,825.47 Citizens’ Initiative Petition •1/12/2022 – Citizens’ Intent to Circulate a Petition to Phase-Out & Permanently Ban Non-Hosted STVRs in Non-Exempt Areas by 1/1/2025 filed with City •1/27/2022 – 180 days to circulate the petition, due by 7/26/2022 with 10% of registered voters •CA EC § 9212 – Council may refer the measure initiative for a report evaluating the potential impacts 39 40 03/01/2022 21 Petition Impact Report •Fiscal Impact – projected impact to TOT & STVR program management costs •Economic Impact – 1) Visitor spending; 2) Personal Income; 3) Employment; 4) Local tax revenues •Survey of jurisdictions in which STVRs have been banned, actively regulated, or remain unregulated – 1) Property values; 2) Illicit or “black market” STVRs; 3) Residential development; 4) Housing availability & rents •Survey of demographics &/or sentiment of impacted business owners, operators, & stakeholders QUESTIONS 41 42 03/01/2022 22 Classified City Council Meeting March 1, 2022 PH1 – Street Vacation on Avenida Morales 43 44 03/01/2022 23 Proposed Street Vacation •Area fronts 51780 Avenida Morales and dedicated on a subdivision map in 1934 •This section of Avenida Morales was constructed in 1993 •PC made finding that it’s consistent with La Quinta General Plan •Exempt under CEQA Guidelines, Section 15301(c) – Class 1 •No objections and no easements requested from utility agencies Vicinity Map Site Plan Proposed pool and spa 45 46 03/01/2022 24 Legal Description and Plat 47 48 03/01/2022 25 City Council Meeting March 1, 2022 PH2 – Polo Villas Development Agreement DA2021-0003 Site Location •Madison Street between Avenues 50 and 52 •Within Tracts 33085 and 36279 49 50 03/01/2022 26 Background •Project comprised of 18 residential units –11 built in 2015 •Current active STVR permits –7 lots remain vacant STVR Program •No new STVR permits may be issued, with exceptions: –Units within Tourist or Village Commercial (CT or VC) –Developments subject to a development agreement (DA) that stipulate short- term rental is allowed 51 52 03/01/2022 27 Request •STVR Permits are not transferable –Expire when property is sold to new owner •Current owner wishes to sell properties •Applicant has an agreement to purchase –Requesting DA to continue STVR operation and allow on vacant lots DA Terms •Project shall consist of residential single-family development and available for use as: –Primary residences –Secondary residences –Short-term vacation rental residences 53 54 03/01/2022 28 DA Terms •Annual STVR permitting fees to be consistent with the City’s fee program •Any rental or occupancy of 30 nights or less subject to payment of transient occupancy tax (TOT) for short-term vacation rentals DA Terms •Rental or occupancy agreements and information retained for a minimum of 3 years by applicant or authorized management company •Maximum occupancy shall be 2 persons per bedroom, plus no more than 4 additional occupants •Each residence shall allow for transient occupancy 55 56 03/01/2022 29 DA Terms •Performance Schedule for development of vacant properties •Term is 50 years •DA reviewed on annual basis Findings •Consistency with General Plan •Compatible with land uses in zone •Conformity with public necessity, convenience, public welfare, and good land use practices 57 58 03/01/2022 30 Findings •Not detrimental to health, safety, and general welfare •Will not adversely affect orderly development or preservation of property values •Positive fiscal impact on the City Estimated Fiscal Impact Recurring Revenues Property Tax $23,263 Property Tax in lieu of VLF $7,731 Transient Occupancy Tax $831,183 Off-site Sales Tax $43,849 Other revenues $36,140 Total Recurring Revenues $942,166 Recurring Expenditures (i.e., Police, Fire, City staff) $131,577 Net Fiscal Surplus $810,589 59 60 03/01/2022 31 Environmental (CEQA) •Consistent with Mitigated Negative Declarations EA2005-537 adopted December 6, 2005, and EA2010-608 adopted August 2, 2011 61 62 03/01/2022 42 City Council Meeting March 1, 2022 B1 – HGA Agreement for Cultural Campus Project 2019-01 83 84 03/01/2022 43 Background City acquired Lumberyard property 2018 Stakeholder discussions, tour of museums, archives, and historic preservation 2019 Council provides direction to finalize scope and include master planning 2020 Staff develops RFP for master planning and preliminary design services 2021 85 86 03/01/2022 44 Objectives Improve Museum flow & function Archive & exhibit expansion at Lumberyard property Activate neighboring vacant lot Create synergy with Complete Streets & surrounding cultural assets 87 88 03/01/2022 45 89 90 03/01/2022 46 Project Funding FUNDING SOURCE FUNDING AMOUNT Community/Cultural Center DIF $ 125,000 Measure G $ 310,000 Library Funds $ 2,875,000 TOTAL:$ 3,310,000 91 92 03/01/2022 47 Planning & Preliminary Design •Issued RFP in November 2021 •Selection committee included: Community Resources, Planning and Public Works •Received four proposals, selection committee interviewed top three: –HGA –MW Steele Group –RIOS •HGA selected as most qualified firm Project Budget Professional $ 190,182 Master Planning/Design $ 532,114 Construction $ 2,053,636 Inspection/Testing/Survey $ 217,705 Contingency $ 316,363 TOTAL:$ 3,310,000 Project Budget •Funding available for HGA master planning and preliminary design contract amount of $457,300 93 94 03/01/2022 48 Next Steps COMMUNITY INPUT MASTER PLANNING PRELIMINARY DESIGN Questions? 95 96 03/01/2022 49 97 HAND OUTS CITY COUNCIL MEETING MARCH 1, 2022 What is Biomass Electricity? Located throughout California, biomass power plants produce carbon neutral electrical power by using renewable residual wood, including agricultural material, forest biproducts, and construction and demolition material. Biomass plants assist in reducing air pollution through capturing material that would otherwise be open-burned, left in the forest as fuel for future forest ﬁres, or landﬁlled. How It Works Biomass electricity facilities generate power that goes onto California’s electric grid. Utilities use meters to track the power added to the grid and used by consumers. When jurisdictions use power at their facilities (i.e., city hall, library, water treatment, etc.), that electricity use is tracked by those meters. Electricity from a biomass conversion facility counts towards SB 1383’s ROWP compliance based on the amount of fuel from qualiﬁed sources and the amount of power used by the jurisdiction. The graphic to the left shows how this process works. SB 1383 Requirements SB 1383 places compliance obligations on each covered “jurisdiction” – a city, a county or a city and county (14 CCR § 18993.1(a)). Beginning January 1, 2022, each jurisdiction must procure ROWP, which can include compost, mulch, renewable natural gas (RNG) and electricity from biomass conversion. Fuel Transport Fuel brought to Greenleaf facility 1 Power Production Greenleaf converts biomass to electricity, puts on grid 3 Electricity Distribution Jurisdictions purchase electricty from grid 4 Compliance Procurement Agreement between Greenleaf and Jurisdiction used to meet SB 1383 requirements ROWP 5 Record Keeping Records are kept to verify what % of fuel is SB 1383 compliant 2 SB 1383 (Lara, Chapter 395, Statutes of 2016) is the most signiﬁcant waste reduction mandate to be adopted in California in the last 30 years. SB 1383 has many requirements, including reducing organic waste disposal by 75% by 2025, as well as the procurement of “Recovered Organic Waste Products” (ROWP). HOW BIOMASS CAN HELPMEET SB 1383REQUIREMENTSCITY COUNCIL MEETING - MARCH 1, 2022 - HANDOUT BY MITCHELL MARTIN, GREENLEAF POWER PRESENTATION NO. 4 - OVERVIEW OF GREENLEAF DESERT VIEW POWER-A WOODY BIOMASS ELECTRICAL GENERATING FACILITY Biomass facilities... Greenleaf Power, which owns Desert View Power station (a biomass conversion facility), is eager to enter into agreements with cities and counties to ensure that jurisdictions can leverage biomass conversion to help meet SB 1383 ROWP requirements. Convenience All cities and counties can use this option, regardless of their location or electric service provider. Timing Time is short - jurisdictions have less than 6 months to start complying with SB 1383. boast a robust tracking system to assist jurisdictions with CalRecycle’s SB 1383 reporting requirements. produce electricity, today, by utilizing organic waste, feedstock, and woody waste requiring no operational changes so that local governments can get SB 1383 credit ASAP. beneﬁt the local environment and economy of surrounding communities. can immediately provide SB 1383 compliant ROWP due to their ability to produce electricity. Why biomass is a simple compliance option for cities and counties WHY BIOMASS IS A SIMPLE COMPLIANCEOPTION FOR CITIES AND COUNTIES FOR MORE INFORMATION, CONTACT GEOFF HARMON GHARMON@GREENLEAFPOWER.COM 9165962513 CITY COUNCIL MEETING - MARCH 1, 2022 - HANDOUT BY MITCHELL MARTIN, GREENLEAF POWER PRESENTATION NO. 4 - OVERVIEW OF GREENLEAF DESERT VIEW POWER-A WOODY BIOMASS ELECTRICAL GENERATING FACILITY WRITTEN PUBLIC COMMENT CITY COUNCIL MEETING MARCH 1, 2022 2 and out of the home next door, all year long, more similar to a short term vacation rental, which we do not allow in our HOA. I never see the same people next door and when there are people in residence, they are never there for more than a few days. Pacaso says they do not allow rentals, but I am not convinced of that since I have never seen the same people or cars at the house. It is truly a timeshare being operated like a business. In a recent Desert Sun article La Quinta City spokesperson Marcie Graham said that the city was "not aware of any activity or transactions" relating to Pacaso in its jurisdiction. She said the city would look further into the company if a situation arose that merited the use of city resources for that purpose, such as "a permit application, resident complaints or alleged code violation." I now have something I can document as a code violation, a lack of a permit application and a resident complaint: On Thursday afternoon, 2/24/22, I watched 3 oversized Hollywood filming trucks, several motorcycles and cars, people everywhere, just take over my street. Pacaso gave access to our community to all these people without requesting permission from the HOA nor having applied for a filming permit. I want to thank our city compliance officer, who responded quickly and professionally once the case was opened. He was able to stop the activity and they did eventually leave the following morning. He stayed in communication and kept us updated and did not leave until the filming company was packed and driving out of our neighborhood. I am respectfully asking the City to get involved and try to stop Pacaso from operating in my neighborhood. If they wish to sell a timeshare property, it should be in an area that the city deems appropriate for timeshare, where there is enough space to have a proper on-site manager, as required by law. The City of La Quinta is being cheated of it's transient occupancy tax while residents are losing our neighborhoods to these virtual hotels. More information about what other cities are doing can be found on the website: stoppacasonow.com Thank you for your time and I am grateful for any help you can give on this matter. CITY COUNCIL MEETING - MARCH 1, 2022 - PUBLIC COMMENTS BY RESIDENT MARTHA BROWN MATTERS NOT ON THE AGENDA - OPPOSED TO PACASO HOMES OPERATING IN RESIDENTIAL NEIGHBORHOODS Climate Breakdown Warning Alena Callimanis La Quinta Residents for Responsible Development www.saynotothewave.com CITY COUNCIL MEETING - MARCH 1, 2022 - PUBLIC COMMENTS BY RESIDENT ALENA CALLIMANIS MATTERS NOT ON THE AGENDA - CLIMATE BREAKDOWN WARNING Citing Drought, US won’t give water to California Farmers •Article by Adam Beam appeared February 23, 2022 in AP News; youhave a copy of this article •Third year of severe drought forcing federal officials to stop waterdeliveries •Affects the nation’s largest agricultural water district covering 1,000 square miles in Fresno and Kings counties •Will need to fallow over 200,000 acres CITY COUNCIL MEETING - MARCH 1, 2022 - PUBLIC COMMENTS BY RESIDENT ALENA CALLIMANIS MATTERS NOT ON THE AGENDA - CLIMATE BREAKDOWN WARNING International Panel on Climate Change issues “bleakest warning yet” •Article by Fiona Harvey, Environment correspondent for The Guardianappeared February 28, 2022; you have a copy of this article. •Climate breakdown accelerating rapidly; impacts will be more severethan predicted •There is only a narrow chance left of avoiding its worst ravages •Droughts,floods,heatwaves and other extreme weather areaccelerating and wreaking increasing damage CITY COUNCIL MEETING - MARCH 1, 2022 - PUBLIC COMMENTS BY RESIDENT ALENA CALLIMANIS MATTERS NOT ON THE AGENDA - CLIMATE BREAKDOWN WARNING Key Messages from the Report •“The scientific evidence is unequivocal: climate change is a threat tohuman wellbeing and the health of the planet,” said Hans-Otto Pörtner, aco-chair of working group 2 of the IPCC. “Any further delay in concertedglobal action will miss a brief and rapidly closing window to secure aliveablefuture.” •“Must halve greenhouse gas emissions by 2030 at the latest” •António Guterres, the UN secretary general, said: “I have seen manyscientific reports in my time, but nothing like this.Today’s IPCC report is anatlas of human suffering and a damning indictment of failed climateleadership.” CITY COUNCIL MEETING - MARCH 1, 2022 - PUBLIC COMMENTS BY RESIDENT ALENA CALLIMANIS MATTERS NOT ON THE AGENDA - CLIMATE BREAKDOWN WARNING Why this relates to Coral Mountain Surf Resort •Colorado River and State Water Agency allocations down and Terra Nova acknowledged that the evaporation numbers for the Surf Basin are over simplified and under calculated •More water will be drawn from the aquifer than can be replenished •Serious consequences to the future of the whole Coachella Valley – what happens to us with this scenario? •We can’t go back and buy more Colorado River water like CVWD has been doing to replenish the aquifer •There are special consequences for the people of the Eastern Coachella Valley who don’t get CVWD water and whose wells are running dry or more contaminated water is pulled from the well CITY COUNCIL MEETING - MARCH 1, 2022 - PUBLIC COMMENTS BY RESIDENT ALENA CALLIMANIS MATTERS NOT ON THE AGENDA - CLIMATE BREAKDOWN WARNING Non-mitigatable Green House Gas Emissions •Per the Draft Environmental Impact Report Coral Mountain Resort will consume wouldconsume 8.6 million kWh/yr. •However, since there is no ”Will Serve”letter from IID, we don’t know how the electricalconsumption is calculated for the wave pool, how many times per hour it is run and howmany days per year, so this electrical consumption is underreported •Kelley Slater wave technology which uses a hydrofoil on train tracks to move 18 milliongallons of water, 150 million pounds of water, has been cited by Wave Pool Magazine ashaving the largest by far electrical requirement of any wave generating technology •The Green House gas emissions for generating this true amount of electricity isenormous CITY COUNCIL MEETING - MARCH 1, 2022 - PUBLIC COMMENTS BY RESIDENT ALENA CALLIMANIS MATTERS NOT ON THE AGENDA - CLIMATE BREAKDOWN WARNING Non-mitigatable Green House Gas Emissions •Cement manufacture contributes greenhouse gases both directly through the production of carbon dioxide when calcium carbonate is thermally decomposed, producing lime and carbon dioxide, and also through the use of energy, particularly from the combustion of fossil fuels. •Cement is the source of about 8% of the world's carbon dioxide (CO2) emissions •This basin alone, considering it will be dug down and not just across, will be lined with much more than 16.7 acres of cement CITY COUNCIL MEETING - MARCH 1, 2022 - PUBLIC COMMENTS BY RESIDENT ALENA CALLIMANIS MATTERS NOT ON THE AGENDA - CLIMATE BREAKDOWN WARNING Non-mitigatable Green House Gas Emissions •The Desert is a key ecosystem that absorbs carbon and acts as a carbon “sink” •You will turn the Desert into a carbon “source” by releasing all the stored CO2 during construction •And you will eliminate the ecosystem that helps protect us CITY COUNCIL MEETING - MARCH 1, 2022 - PUBLIC COMMENTS BY RESIDENT ALENA CALLIMANIS MATTERS NOT ON THE AGENDA - CLIMATE BREAKDOWN WARNING There are serious implications beyond the Coral Mountain area •You call us NIMBYS –however we are the ones looking at the impacts beyond ourneighborhoods •There comes a point when you too must look beyond the Transient Occupancy Tax andthe dubious distinction of having the largest Wave Basin in the world in your City duringan unprecedented drought and heat wave and when California farmers are suffering •2005 had 99 days over 100 degrees.Now having 150 days over 100 degrees concerns usas it should you •It is time to show leadership, not just for today, but for the future of La Quinta •What do you want as your legacy? CITY COUNCIL MEETING - MARCH 1, 2022 - PUBLIC COMMENTS BY RESIDENT ALENA CALLIMANIS MATTERS NOT ON THE AGENDA - CLIMATE BREAKDOWN WARNING IPCC issues ‘bleakest warning yet’ on impacts of climate breakdown https://www.theguardian.com/environment/2022/feb/28/ipcc-issues- bleakest-warning-yet-impacts-climate-breakdown Report says human actions are causing dangerous disruption, and window to secure a liveable future is closing Analysis: This report asks: what is at stake? In short, everything Climate breakdown is accelerating rapidly, many of the impacts will be more severe than predicted and there is only a narrow chance left of avoiding its worst ravages, the Intergovernmental Panel on Climate Change (IPCC) has said. Even at current levels, human actions in heating the climate are causing dangerous and widespread disruption, threatening devastation to swathes of the natural world and rendering many areas unliveable, according to the landmark report published on Monday. “The scientific evidence is unequivocal: climate change is a threat to human wellbeing and the health of the planet,” said Hans-Otto Pörtner, a co-chair of working group 2 of the IPCC. “Any further delay in concerted global action will miss a brief and rapidly closing window to secure a liveable future.” Droughts, floods, heatwaves In what some scientists termed “the bleakest warning yet”, the summary report from the global authority on climate science says droughts, floods, heatwaves and other extreme weather are accelerating and wreaking increasing damage. Allowing global temperatures to increase by more than 1.5C above pre-industrial levels, as looks likely on current trends in greenhouse gas emissions, would result in some “irreversible” impacts. These include the melting of ice caps and glaciers, and a cascading effect whereby wildfires, the die-off of trees, the drying of peatlands and the thawing of permafrost release additional carbon emissions, amplifying the warming further. ‘Atlas of human suffering’ António Guterres, the UN secretary general, said: “I have seen many scientific reports in my time, but nothing like this. Today’s IPCC report is an atlas of human suffering and a damning indictment of failed climate leadership.” John Kerry, the US special presidential envoy for climate, said the report “paints a dire picture of the impacts already occurring because of a warmer world and the terrible risks to our planet if we continue to ignore science. We have seen the increase in climate-fuelled extreme events, and the damage that is left behind – lives lost and livelihoods ruined. The question at this point is not whether we can altogether avoid the crisis – it is whether we can avoid the worst consequences.” The report says: •Everywhere is affected, with no inhabited region escaping dire impacts from rising temperatures and increasingly extreme weather. •About half the global population – between 3.3 billion and 3.6 billion people – live in areas “highly vulnerable” to climate change. •Millions of people face food and water shortages owing to climate change, even at current levels of heating. •Mass die-offs of species, from trees to corals, are already under way. CITY COUNCIL MEETING - MARCH 1, 2022 - PUBLIC COMMENTS BY RESIDENT ALENA CALLIMANIS MATTERS NOT ON THE AGENDA - CLIMATE BREAKDOWN WARNING •1.5C above pre-industrial levels constitutes a “critical level” beyond which the impacts of the climate crisis accelerate strongly and some become irreversible. •Coastal areas around the globe, and small, low-lying islands, face inundation at temperature rises of more than 1.5C. •Key ecosystems are losing their ability to absorb carbon dioxide, turning them from carbon sinks to carbon sources. •Some countries have agreed to conserve 30% of the Earth’s land, but conserving half may be necessary to restore the ability of natural ecosystems to cope with the damage wreaked on them. Chance to avoid the worst This is the second part of the IPCC’s latest assessment report, an updated, comprehensive review of global knowledge of the climate, which has been seven years in the making and draws on the peer-reviewed work of thousands of scientists. The assessment report is the sixth since the IPCC was first convened by the UN in 1988, and may be the last to be published while there is still some chance of avoiding the worst. A first instalment, by the IPCC’s working group 1, published last August, on the physical science of climate change, said the climate crisis was “unequivocally” caused by human actions, resulting in changes that were “unprecedented”, with some becoming “irreversible”. This second part, by working group 2, deals with the impacts of climate breakdown, sets out areas where the world is most vulnerable, and details how we can try to adapt and protect against some of the impacts. A third section, due in April, will cover ways to cut greenhouse gas emissions, and the final part, in October, will summarise these lessons for governments meeting in Egypt for the UN Cop27 climate summit. ‘Cataclysmic’ for small islands Small islands will be among those worst affected. Walton Webson, an ambassador of Antigua and Barbuda and the chair of the Alliance of Small Island States, called the findings “cataclysmic”. He urged the UN to convene a special session to consider action. “We are continuing to head for a precipice – we say our eyes are open to the risks, but when you look at global emissions, if anything we are accelerating towards the cliff edge. We are not seeing the action from the big emitters that is required to get emissions down in this critical decade – this means halving emissions by 2030 at the latest. It is clear that time is slipping away from us.” Governments in other parts of the world could help their people to adapt to some of the impacts of the climate crisis, the report says, by building flood defences, helping farmers to grow different crops, or building more resilient infrastructure. But the authors say the capacity of the world to adapt to the impacts will diminish rapidly the further temperatures rise, quickly reaching “hard” limits beyond which adaptation would be impossible. ‘Global dominoes’ The climate crisis also has the power to worsen problems such as hunger, ill-health and poverty, the report makes clear. Dave Reay, the director of Edinburgh Climate Change Institute at the University of Edinburgh, said: “Like taking a wrecking ball to a set of global dominoes, climate change in the 21st century threatens to destroy the foundations of food and water security, smash onwards through the fragile structures of human and ecosystem health, and ultimately shake the very pillars of human civilisation.” The report plays down fears of conflicts arising from the climate crisis, finding that “displacement” and “involuntary migration” of people would ensue but that “non-climatic factors are the dominant drivers of existing intrastate violent conflicts”. But Jeffrey Kargel, a senior scientist at the Planetary Science Institute in the US, said: “The current warfare activity in eastern Europe, though not attributable to climate change, is a further caution about how human tensions and international relations and geopolitics could become inflamed as climate change impacts hit nations in ways that they are ill-prepared to handle.” CITY COUNCIL MEETING - MARCH 1, 2022 - PUBLIC COMMENTS BY RESIDENT ALENA CALLIMANIS MATTERS NOT ON THE AGENDA - CLIMATE BREAKDOWN WARNING Citing drought, US won’t give water to California farmers By ADAM BEAM February 23, 2022 AP News https://apnews.com/article/business-environment-and-nature-california- droughts-environment-c86858b419e8412491c303063309d91e SACRAMENTO, Calif. (AP) — With California entering the third year of severe drought, federal officials said Wednesday they won’t deliver any water to farmers in the state’s major agricultural region — a decision that will force many to plant fewer crops in the fertile soil that yields the bulk of the nation’s fruits, nuts and vegetables. “It’s devastating to the agricultural economy and to those people that rely on it,” said Ernest Conant, regional director for the U.S. Bureau of Reclamation. “But unfortunately we can’t make it rain.” The federal government operates the Central Valley Project in California, a complex system of dams, reservoirs and canals. It’s one of two major water systems the state relies on for agriculture, drinking water, and the environment. The other system is run by the state government. Water agencies contract with the federal government for certain amounts of water each year. In February, the federal government announces how much of those contracts can be fulfilled based on how much water is available. The government then updates the allocations throughout the year based on conditions. Farmers started last year with a 5% allocation from the federal government but ended at 0% as the drought intensified. This year, the federal government is starting farmers at 0% while water for other purposes, including drinking and industrial uses, is at 25%. “Last year was a very bad year. This year could turn out to be worse,” Conant said. Westlands Water District, the nation’s largest agricultural water district covering 1,000 square miles (2,590 square kilometers) in Fresno and Kings counties, said drought conditions last year caused farmers to fallow 200,000 acres (80,937 hectares) while leaving “thousands of acres of food unharvested.” The district said it is the fourth time this decade that farmers south of the San Joaquin-Sacramento River Delta have gotten no water from the federal government. The water system operated by the state government is also struggling. In December, state officials also announced a 0% allocation. They upgraded that to 15% allocation in January after strong December storms. “Anyone who’s looked out the window in the past two months knows that California has not seen any significant rain and snow during what are supposed to be our wettest months of the year,” said Karla Nemeth, director of the California Department of Water Resources. “While December saw record storms, this type of climate whiplash makes it challenging to forecast conditions ahead.” State law requires both systems to have enough water available to maintain water quality throughout the San Joaquin- Sacramento River Delta, a sensitive environmental region home to endangered species of fish. Despite that, endangered species of fish — including salmon — have been dying by the thousands because there hasn’t been enough cold water for them to survive. In a news release, the Westlands Water District said it was disappointed with the allocation but understood the drought and environmental laws “prevent Reclamation from making water available under the District’s contract.” Regina Chichizola, executive director for Save California Salmon, said environmental water releases are important because they keep ocean saltwater from creeping too far into freshwater rivers. “Fish and people need that water,” she said. Most of the water for both systems comes from rain and snow in the Sierra Nevada mountains. That water flows into the state’s rivers, which then fill a series of major reservoirs throughout the state. Typically, the reservoirs get depleted during the dry summer months before being replenished by winter storms. But California is now entering the third year of a severe drought, with rain and snowfall far below historical averages. January and February are usually the wettest months of the year in California. But the northern Sierra mountains, which are important for filling some of the state’s biggest reservoirs, have had just 1.7 inches (4.3 centimeters) of rain over those two months. That’s the lowest ever recorded, breaking a record set in 2013, said Kristin White, Central Valley operations manager for the U.S. Bureau of Reclamation. The Central Valley Project’s reservoirs have decreased by 26.5%compared with last year. And through the end of September, federal officials predict the reservoirs will get 1.2 million acre feet (1.4 billion cubic meters) less of water than they had planned. One acre-foot of water is typically enough to supply two average households for one year. CITY COUNCIL MEETING - MARCH 1, 2022 - PUBLIC COMMENTS BY RESIDENT ALENA CALLIMANIS MATTERS NOT ON THE AGENDA - CLIMATE BREAKDOWN WARNING FEB 23 '22 Pt-13:18 OPEN LETTER from ADVOCATES FOR BETTER COMMUNITY DEVELOPMENT (ABCD PALM SPRINGS) TO: MANUEL PEREZ, RIVERSIDE COUNTY SUPERVISOR AND THE COACHELLA VALLEY ASSOCIATION OF GOVERNMENTS (CVAG), TOM KIRK, EXECUTIVE DIRECTOR RE: THE IMMEDIATE NEED FOR MORATORIUMS ON MASSIVE WAREHOUSING We desperately need your intervention, and we need it now. Our billion dollar tourist and leisure industry is very much dependent on the delicate scenic desert landscape which is under attack, and if we don't act now it will be too late. Once built, these projects will haunt us forever turning the area into a heavy industry zone. That is why moratoriums are essential to help us properly prepare for this onslaught. Already the Palm Springs city council foolishly changed its zoning of adjacent 1-10 properties, allowing gargantuan structures up to 95 feet tall and simply ignoring its Planning Commission or public debate. As Desert Sun editorial writer Eric Hartley put it, "leaving the voters feeling blind sided." In Banning, its city government has been considering approval of a 600,000 square foot warehouse next to an assisted living facility and right across the street from the Sun Lakes Country Club, a 3500 home senior community. They would face being surrounded by millions of square feet of warehouses. Plans include 200 semi trucks per day to enter the main highway to 1-10, already overwhelmed with traffic. The race is on as short-sighted city councils are trying to give the store away before their neighboring jurisdictions beat them to it, all while being seduced by overblown visions of tax benefits which will ultimately destroy their quality of life, if not their communities themselves. That is why we are in need of a regional solution. To start with we need immediate moratoriums to give us time to sensibly and effectively deal with this horrendous threat. The "go slow" approach was supported on January 27th by the Desert Sun in a thoughtful editorial titled, "Palm Springs Should Hold Off On Major Warehouses." As the paper put it, "Allowing them in Palm Springs could lead to more around the valley leaving parts of our desert looking like generic stretches of the Inland Empirs rather than the unique treasure it is.'' Our leaders desperately need to grasp the immensity of the problem. A concerned Cathedral City resident suggested in a letter to the editor of the Desert Sun that the Palm Springs city council members should be required to actuaiiy see the probiem at its \·:erst, an example cf which is en route to the Riverside National Cemetery once you turn south on the 215. For u-iai matter ali our council people, planning commissions and supervisors should see it. The writer ot the ietter called it a" ... horror to behold. Miles of these huoe warehouses stretch across the horizon as far as you can see." Several organized bus trips would be in order for leader-s. A decade ago citizens successfully taught a battle against an 8500 inmate prison planned alonQ the I-i O near the entrance to Palm Sprinqs. A study then conducted sho.,.-:ed the neq::1bve impact that would have had on tourism. Imagine what the area would be like today had we not oooosed :L Too much is at stake. Once the place is ruined, there is no going back. FrankTysen President, ABCD franktysenps@gmail.com CITY COUNCIL MEETING - MARCH 1, 2022 - PUBLIC COMMENTS BY FRANK TYSEN MATTERS NOT ON THE AGENDA - IMMEDIATE NEED FOR MORATORIUMS ON MASSIVE WAREHOUSING