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Home My Public Portal About03 March 12, 2014 CommissionMEETING AGENDA TIME/DATE: 9:30 a.m. / Wednesday, March 12, 2014 LOCATION: BOARD ROOM County of Riverside Administrative Center 4080 Lemon Street, First Floor, Riverside  COMMISSIONERS  Chair – Marion Ashley Vice Chair – Daryl Busch Second Vice Chair – Scott Matas Kevin Jeffries, County of Riverside John F. Tavaglione, County of Riverside Jeff Stone, County of Riverside John J. Benoit, County of Riverside Marion Ashley, County of Riverside Deborah Franklin / Art Welch, City of Banning Roger Berg / David Castaldo, City of Beaumont Joseph DeConinck / To Be Appointed, City of Blythe Ella Zanowic / Jeff Hewitt, City of Calimesa Mary Craton / Randy Bonner, City of Canyon Lake Greg Pettis / Kathleen DeRosa, City of Cathedral City Steven Hernandez / Eduardo Garcia, City of Coachella Karen Spiegel / Eugene Montanez, City of Corona Scott Matas / Russell Betts, City of Desert Hot Springs Adam Rush / Ike Bootsma, City of Eastvale Larry Smith / Robert Youssef, City of Hemet Douglas Hanson / Patrick Mullany, City of Indian Wells Glenn Miller / Michael Wilson, City of Indio Frank Johnston / Micheal Goodland, City of Jurupa Valley Terry Henderson / Don Adolph, City of La Quinta Bob Magee / Natasha Johnson, City of Lake Elsinore Scott Mann / Wallace Edgerton, City of Menifee Tom Owings / Jesse Molina, City of Moreno Valley Rick Gibbs / Kelly Bennett, City of Murrieta Berwin Hanna / Kathy Azevedo, City of Norco Jan Harnik / Susan Marie Weber, City of Palm Desert Ginny Foat / Paul Lewin, City of Palm Springs Daryl Busch / Al Landers, City of Perris Ted Weill / Scott Hines, City of Rancho Mirage Steve Adams / Andy Melendrez, City of Riverside Andrew Kotyuk / Scott Miller, City of San Jacinto Ron Roberts / Jeff Comerchero, City of Temecula Ben Benoit / Timothy Walker, City of Wildomar Basem Muallem, Governor’s Appointee Comments are welcomed by the Commission. If you wish to provide comments to the Commission, please complete and submit a Speaker Card to the Clerk of the Board. RIVERSIDE COUNTY TRANSPORTATION COMMISSION www.rctc.org AGENDA* *Actions may be taken on any item listed on the agenda 9:30 a.m. Wednesday, March 12, 2014 BOARD ROOM County of Riverside Administrative Center 4080 Lemon Street, First Floor, Riverside, CA In compliance with the Brown Act and Government Code Section 54957.5, agenda materials distributed 72 hours prior to the meeting, which are public records relating to open session agenda items, will be available for inspection by members of the public prior to the meeting at the Commission office, 4080 Lemon Street, Third Floor, Riverside, CA, and on the Commission’s website, www.rctc.org. In compliance with the Americans with Disabilities Act and Government Code Section 54954.2, if special assistance is needed to participate in a Commission meeting, please contact the Clerk of the Board at (951) 787-7141. Notification of at least 48 hours prior to meeting time will assist staff in assuring that reasonable arrangements can be made to provide accessibility at the meeting. 1. CALL TO ORDER 2. PLEDGE OF ALLEGIANCE 3. ROLL CALL 4. PUBLIC COMMENTS – Each individual speaker is limited to speak three (3) continuous minutes or less. The Commission may, either at the direction of the Chair or by majority vote of the Commission, waive this three minute time limitation. Depending on the number of items on the Agenda and the number of speakers, the Chair may, at his/her discretion, reduce the time of each speaker to two (2) continuous minutes. In addition, the maximum time for public comment for any individual item or topic is thirty (30) minutes. Also, the Commission may terminate public comments if such comments become repetitious. Speakers may not yield their time to others without the consent of the Chair. Any written documents to be distributed or presented to the Commission shall be submitted to the Clerk of the Board. This policy applies to Public Comments and comments on Agenda Items. Under the Brown Act, the Commission should not take action on or discuss matters raised during public comment portion of the agenda that are not listed on the agenda. Commission members may refer such matters to staff for factual information or to be placed on the subsequent agenda for consideration. 5. APPROVAL OF MINUTES – DECEMBER 11, 2013 Riverside County Transportation Commission Agenda March 12, 2014 Page 2 6.PUBLIC HEARING – ADOPTION OF RESOLUTIONS OF NECESSITY FOR THE ACQUISITION OF SAN DIEGO OUTDOOR ADVERTISING, INC., DBA GENERAL OUTDOOR ADVERTISING’S POSSESSORY AND/OR LEASEHOLD INTERESTS INCLUDING IMPROVEMENTS LOCATED THEREON, IN CERTAIN REAL PROPERTY, BY EMINENT DOMAIN, MORE PARTICULARLY DESCRIBED AS ASSESSOR PARCEL NOS. 115-060-016 AND 115-060-049, LOCATED IN CORONA, RIVERSIDE COUNTY, CALIFORNIA, FOR THE STATE ROUTE 91 CORRIDOR IMPROVEMENT PROJECT, WHICH COVERS THE AREA BETWEEN PIERCE STREET ON THE EAST TO THE COUNTY LINE ON THE WEST, IN RIVERSIDE COUNTY, CALIFORNIA Page 1 Overview This item is for the Commission to: 1)Conduct a hearing to consider the adoption of resolutions of necessity, including providing all parties interested in the affected property and their attorneys, or their representatives, an opportunity to be heard on the issues relevant to the resolutions of necessity; 2)Make the following findings as hereinafter described in this report: a)The public interest and necessity require the proposed project; b)The project is planned or located in a manner that will be most compatible with the greatest public good and the least private injury; c)The real property to be acquired is necessary for the project; d)The offer of just compensation has been made to the owner; and 3)Adopt Resolution of Necessity Nos. 14-010 and 14-011, “Resolutions of Necessity for the Acquisition of San Diego Outdoor Advertising, Inc., dba General Outdoor Advertising’s Possessory and/or Leasehold Interests Including Improvements Located Thereon, in Certain Real Property, by Eminent Domain, More Particularly Described as Assessor Parcel Nos. 115-060-016 and 115-060-049, Located in Corona, Riverside County, California”, for the State Route 91 Corridor Improvement Project (SR-91 CIP), between Pierce Street on the East to the County Line on the West, in Riverside County, California. 7.ADDITIONS / REVISIONS – The Commission may add an item to the Agenda after making a finding that there is a need to take immediate action on the item and that the item came to the attention of the Commission subsequent to the posting of the agenda. An action adding an item to the agenda requires 2/3 vote of the Commission. If there are less than 2/3 of the Commission members present, adding an item to the agenda requires a unanimous vote. Added items will be placed for discussion at the end of the agenda. 8.CONSENT CALENDAR – All matters on the Consent Calendar will be approved in a single motion unless a Commissioner(s) requests separate action on specific item(s). Items pulled from the Consent Calendar will be placed for discussion at the end of the agenda. Riverside County Transportation Commission Agenda March 12, 2014 Page 3 8A. QUARTERLY FINANCIAL STATEMENTS Page 17 Overview This item is for the Commission to receive and file the Quarterly Financial Statements for the six months ended December 31, 2013. 8B. QUARTERLY SALES TAX ANALYSIS Page 23 Overview This item is for the Commission to receive and file the sales tax analysis for Quarter 3 2013 (Q3 2013). 8C. QUARTERLY INVESTMENT REPORT Page 31 Overview This item is for the Commission to receive and file the Quarterly Investment Report for the quarter ended December 31, 2013. 8D. SINGLE SIGNATURE AUTHORITY REPORT Page 77 Overview This item is for the Commission to receive and file the Single Signature Authority report for the second quarter ended December 31, 2013. 8E. AGREEMENT WITH CTG INC. OF ILLINOIS DBA NOVANIS FOR INFORMATION TECHNOLOGY SUPPORT SERVICES Page 79 Overview This item is for the Commission to: 1) Award Agreement No. 14-12-062-00 with CTG Inc. of Illinois dba Novanis (Novanis) for information technology (IT) support services for a three-year term, and two one-year options to extend the agreement, in an amount not to exceed $680,000; and 2) Authorize the Chair or Executive Director, pursuant to legal counsel review, to execute the agreement, including option years, on behalf of the Commission. Riverside County Transportation Commission Agenda March 12, 2014 Page 4 8F. RIVERSIDE COUNTY 2015 FEDERAL TRANSPORTATION IMPROVEMENT PROGRAM FINANCIAL RESOLUTION Page 99 Overview This item is for the Commission to: 1) Adopt Resolution No. 14-013, “Resolution of the Riverside County Transportation Commission Certifying That Riverside County Has Resources to Fund Projects in Federal Fiscal Years 2014/15 Through 2019/20 Transportation Improvement Program and Affirming Commitment to Implement All Projects in the Program”; and 2) Forward to the Southern California Association of Governments (SCAG) for inclusion in the 2015 Federal Transportation Improvement Program (FTIP). 8G. 2009 MEASURE A MAINTENANCE OF EFFORT BASE YEAR ADJUSTMENT FOR CITY OF WILDOMAR Page 109 Overview This item is for the Commission to approve the adjustment to the city of Wildomar’s (Wildomar) 2009 Measure A Maintenance of Effort (MOE) base year. 8H. IN-LIEU FEE AGREEMENT WITH RIVERSIDE-CORONA RESOURCE CONSERVATION DISTRICT FOR COMPENSATORY MITIGATION FOR THE STATE ROUTE 91 CORRIDOR IMPROVEMENT PROJECT Page 122 Overview This item is for the Commission to: 1) Approve Agreement No. 14-31-077-00 with Riverside-Corona Resource Conservation District (RCRCD) for compensatory mitigation for the State Route 91 Corridor Improvement Project (SR-91 CIP) in the amount of $703,300, plus a contingency amount of $70,000, for a total amount not to exceed $773,300; 2) Authorize the Chair or Executive Director, pursuant to legal counsel review, to execute the agreement on behalf of the Commission; and 3) Authorize the Executive Director to approve contingency work pursuant to the agreement terms up to the total amount. Riverside County Transportation Commission Agenda March 12, 2014 Page 5 8I. MONSTER LEAD WALL AGREEMENT WITH BURLINGTON NORTHERN SANTA FE RAILROAD FOR THE STATE ROUTE 91 CORRIDOR IMPROVEMENT PROJECT Page 188 Overview This item is for the Commission to: 1) Approve Agreement No. 14-31-076-00 for the Monster Lead Wall Agreement with Burlington Northern Santa Fe Railway (BNSF) for the State Route 91 Corridor Improvement Project (SR-91 CIP) in the amount of $73,600, plus a contingency amount of $7,400, for a total amount not to exceed $81,000; 2) Authorize the Chair or Executive Director, pursuant to legal counsel review, to execute the agreement on behalf of the Commission; and 3) Authorize the Executive Director to approve contingency work up to the total amount not to exceed as required for the agreement. 8J. ON-CALL PROPERTY MAINTENANCE AND REPAIR SERVICES Page 286 Overview This item is for the Commission to: 1) Approve the following agreements to provide on-call property maintenance and repair services for a three-year term, and two one-year options to extend the agreement, in an amount not to exceed an aggregate value of $1.5 million; a) Agreement No. 14-33-046-00 with Braughton Construction, Inc.; b) Agreement No. 14-33-047-00 with Carry-All; c) Agreement No. 14-33-048-00 with Joshua Grading and Excavating, Inc.; and d) Agreement No. 14-33-063-00 with Real Estate Consulting & Services, Inc. 2) Authorize the Executive Director, or designee, to execute task orders awarded to contractors under the terms of the agreements; and 3) Authorize the Chair or Executive Director, pursuant to legal counsel review, to execute the agreements, including option years, on behalf of the Commission. Riverside County Transportation Commission Agenda March 12, 2014 Page 6 8K. PROPOSITION 1B FISCAL YEAR 2012/13 CALIFORNIA TRANSIT SECURITY GRANT PROGRAM – CALIFORNIA TRANSIT ASSISTANCE FUND AND SUPPORTING RESOLUTION FOR THE COMMISSION’S COMMUTER RAIL PROGRAM Page 289 Overview This item is for the Commission to: 1) Adopt Resolution No. 14-012, “Resolution of the Riverside County Transportation Commission Approving the Allocation of FY 12-13 Proposition 1B-6561-0002 California Transit Security Grant Program- California Transit Assistance Funds to the RCTC Commuter Rail Program and Designation of Authorized Agent”; and 2) Allocate the California Transit Security Grant Program-California Transit Assistance Funds (CTSGP-CTAF) funds totaling $355,748 for the Commission’s Commuter Rail Program. 8L. SB 821 PROGRAM REVISIONS Page 295 Overview This item is for the Commission to: 1) Approve the allocation of $285,897 to the city of Temecula (Temecula) to fully fund the Pauba Road sidewalk improvement project and apply $2,114 to the next SB 821 Call for Projects (SB 821 Call); and 2) Approve the Technical Advisory Committee (TAC) SB 821 subcommittee’s (subcommittee) recommendation to maintain a competitive call is to extend the SB 821 Call from its current annual basis to a biennial basis, and set the SB 821 Call release date for the first Monday of every other February and the SB 821 Call close date for the last Thursday of every other April, beginning February 2015. 9. PROPOSED POLICY GOALS AND OBJECTIVES FOR FISCAL YEAR 2014/15 BUDGET Page 299 Overview This item is for the Commission to approve the proposed Commission Policy Goals and Objectives for the FY 2014/15 Budget. Riverside County Transportation Commission Agenda March 12, 2014 Page 7 10.STATE AND FEDERAL LEGISLATIVE UPDATE Page 306 Overview This item is for the Commission to receive and file an update on the Legislation. 11.ITEM(S) PULLED FROM CONSENT CALENDAR AGENDA 12.COMMISSIONERS / EXECUTIVE DIRECTOR REPORT Overview This item provides the opportunity for the Commissioners and the Executive Director to report on attended meetings/conferences and any other items related to Commission activities. 13.CLOSED SESSION 13A.CONFERENCE WITH LEGAL COUNSEL: ANTICIPATED LITIGATION Exposure to Litigation Pursuant to Subdivision (d)(2) of Government Code Section 54956.9 Potential Number of Case(s): 1 13B. CONFERENCE WITH LEGAL COUNSEL: EXISTING LITIGATION Pursuant to Government Code Section 54956.9 (d)(1) Case No. RIC 10016058 14.ADJOURNMENT The next Commission meeting and is scheduled to be held at 9:30 a.m., Wednesday, April 9, 2014, Board Chambers, First Floor, County Administrative Center, 4080 Lemon Street, Riverside. AGENDA ITEM 5 MINUTES RIVERSIDE COUNTY TRANSPORTATION COMMISSION SPECIAL MEETING MINUTES Wednesday, December 11, 2013 1. CALL TO ORDER The Riverside County Transportation Commission was called to order by Chair Karen Spiegel at 9:30 a.m. in the Council Chambers at the Corona City Hall, 400 South Vicentia Avenue, Corona, CA. 2. PLEDGE OF ALLEGIANCE Commissioner Marion Ashley led the Commission in a flag salute. 3. ROLL CALL Commissioners/Alternates Present Commissioners Absent Steve Adams Andrew Kotyuk Ginny Foat Marion Ashley Bob Magee Rick Gibbs Roger Berg Scott Mann* Terry Henderson Ben Benoit Glenn Miller Frank Johnston John J. Benoit Jesse Molina Scott Matas Daryl Busch Basem Muallem Larry Smith Mary Craton Greg Pettis Joseph DeConinck Ron Roberts Deborah Franklin Adam Rush Berwin Hanna Karen Spiegel Douglas Hanson Jeff Stone Jan Harnik John F. Tavaglione Steven Hernandez* Ted Weill Kevin Jeffries Ella Zanowic *Arrived after the meeting was called to order 4. PUBLIC COMMENTS Chair Spiegel announced Commissioner Terry Henderson received the first Outstanding Public Service Award from the League of California Cities Riverside Division on November 18. Riverside County Transportation Commission Minutes December 11, 2013 Page 2 Chair Spiegel, Commissioners Marion Ashley, Daryl Busch, Jeff Stone, John Tavaglione, and Executive Director Anne Mayer presented Cathy Bechtel, Project Development Director with a plaque in recognition of her retirement from the Commission. Cathy Bechtel expressed her appreciation for the opportunity to work with Commissioners and staff throughout the years. Commissioner John Tavaglione expressed his appreciation to Ms. Bechtel for her years of hard work on several projects in Riverside County. R.A. Barney Barnett, Highgrove Municipal Advisory Council representative, congratulated the Commission for receiving the Federal Transit Administration Small Starts grant for the Perris Valley Line (PVL) project. He presented his “Concept for Highgrove Metrolink Station” handout, which was distributed to the Commissioners. He requested the Commissioners review the handout as well as the packet handed out to the Commissioners at the November Commission meeting to determine if the Marlborough Station is still feasible. Chair Spiegel expressed appreciation to Mr. Barnett for his continued support for a proposed station in Highgrove. At this time, Commissioner Scott Mann arrived at the meeting. 5. APPROVAL OF MINUTES – OCTOBER 9, 2013 M/S/C (Ashley/B. Benoit) to approve the October 9, 2013 minutes as submitted. Abstain: Miller, Pettis, and Weill 6. ADDITIONS / REVISIONS There was a revision to Agenda Item 7G, “Construction Agreement with Dalke & Sons Construction, Inc. for State Route 91 Corridor Improvement Project Right of Way Property Mitigation Package 2”. Anne Mayer explained this contract contains time restrictions and performance requirements that are triggered once this contract is awarded. The proposed revision is a modification that authorizes the Executive Director to award the contract. Riverside County Transportation Commission Minutes December 11, 2013 Page 3 7. CONSENT CALENDAR M/S/C (Pettis/Stone) to approve the following Consent Calendar items. Abstain: Mann and Rush on Agenda Item 7H Commissioner Jesse Molina stated the quarterly sales tax analysis for the city of Moreno Valley is noteworthy. 7A. PROPOSED 2014 COMMISSION/COMMITTEE MEETING CALENDAR Adopt its 2014 Commission/Committee Meeting Calendar. 7B. FISCAL YEAR 2012/13 COMMISSION AUDIT RESULTS Receive and file the FY 2012/13: a) Comprehensive Annual Financial Report (CAFR); b) Local Transportation Fund (LTF) Financial and Compliance Report; c) State Transit Assistance (STA) Fund Financial and Compliance Report; d) Proposition 1B Rehabilitation and Security Project Accounts Financial and Compliance Report; e) Compliance Report for Single Audit; f) Commercial Paper Compliance Report; g) Auditor Required Communications Report; h) Agreed-Upon Procedures Report related to the Appropriations Limit Calculation; i) Agreed-Upon Procedures Report related to the Commuter Assistance Program incentives; and j) Management certifications. 7C. QUARTERLY INVESTMENT REPORT Receive and file the Quarterly Investment Report for the quarter ended September 30, 2013. 7D. QUARTERLY FINANCIAL STATEMENTS Receive and file the Quarterly Financial Statements for the period ending September 30, 2013. Riverside County Transportation Commission Minutes December 11, 2013 Page 4 7E. QUARTERLY SALES TAX ANALYSIS Receive and file the sales tax analysis for Quarter 2 (Q2) 2013. 7F. UTILITY AGREEMENTS WITH SPRINT COMMUNICATIONS COMPANY, LEVEL 3 COMMUNICATIONS, AT&T, AND VARIOUS UTILITY COMPANIES FOR FINAL ENGINEERING AND CONSTRUCTION FOR UTILITY RELOCATIONS FOR THE STATE ROUTE 91 CORRIDOR IMPROVEMENT PROJECT 1) Approve the following agreements for final engineering and construction for utility relocations for the State Route 91 Corridor Improvement Project (SR-91 CIP): a) Agreement No. 14-31-051-00 with Sprint Communications Company (Sprint); b) Agreement No. 14-31-052-00 with Level 3 Communications (Level 3); and c) Agreement No. 13-31-045-17, Amendment No. 1 to Agreement No. 13-31-045-00, with AT&T; for a combined amount of $2,410,000, plus a contingency amount of $241,000 (10 percent), for a total amount not to exceed $2,651,000; 2) Authorize the Chair or Executive Director, pursuant to legal counsel review, to execute the agreements on behalf of the Commission; 3) Authorize the Executive Director to approve contingency work up to the total authorized amount as may be required for these utility relocation agreements for final engineering and construction; and 4) Authorize the Executive Director to execute utility agreements and expend previously approved funds for necessary but currently unidentified utility relocation work provided the total cost of all utility relocation work with currently identified or yet to be identified utility companies is within previously approved amounts, inclusive of this new budget request, for SR-91 CIP utility work in the amount not to exceed $24,263,000. 7G. CONSTRUCTION AGREEMENT WITH DALKE & SONS CONSTRUCTION, INC. FOR STATE ROUTE 91 CORRIDOR IMPROVEMENT PROJECT RIGHT OF WAY PROPERTY MITIGATION PACKAGE 2 1) Authorize the Executive Director to award Agreement No. 14-31-022-00 to Dalke & Sons Construction, Inc. (Dalke & Sons) on behalf of the Commission for the construction of State Route 91 Corridor Improvement Project (SR-91 CIP) Right of Way (ROW) Property Mitigation Package 2 in the amount of $1,297,680, plus a contingency amount of $129,768, for a total amount not to exceed $1,427,448, contingent upon possession of Riverside County Transportation Commission Minutes December 11, 2013 Page 5 the properties as determined by the Executive Director, which is anticipated prior to June 30, 2014; 2)Authorize Executive Director, pursuant to legal counsel review, to execute the agreement on behalf of the Commission; and 3)Authorize the Executive Director to approve contingency work pursuant to the agreement terms up to the total amount. 7H. FUNDING REQUEST FROM THE CITY OF CORONA FOR THE FOOTHILL PARKWAY EXTENSION PROJECT 1)Approve Agreement No. 12-72-093-01, Amendment No. 1 to Agreement No. 12-72-093-00, to add $21 million of 2009 Measure A Regional Arterial (MARA) Western Riverside County funds and increase the total MARA funds from $7 million to $28 million for the construction phase of the Foothill Parkway extension project in the city of Corona (Corona); and 2)Authorize the Chair or Executive Director pursuant to legal counsel review, to execute the agreement on behalf of the Commission. 7I. 1989 MEASURE A FUNDING FOR COUNTY OF RIVERSIDE’S STATE ROUTE 79 WIDENING PROJECT 1)Approve Agreement No. 14-31-061-00 with the county of Riverside (County) for $1 million of 1989 Measure A Western County Highway funds to construct Phase 2 of the County’s State Route 79 widening project from Thompson Road to Domenigoni Parkway (SR-79 Project); and 2)Authorize the Chair or Executive Director pursuant to legal counsel review, to execute the agreement on behalf of the Commission. 7J. FEDERAL SURFACE TRANSPORTATION PROGRAM 2013 CALL FOR REHABILITATION PROJECTS – PROJECT PROGRAMMING FOR THE CITIES OF BLYTHE AND INDIAN WELLS Approve programming federal Surface Transportation Program (STP) funds for pavement rehabilitation projects in the amount of $192,714 for the cities of Blythe (Blythe) and Indian Wells (Indian Wells). Riverside County Transportation Commission Minutes December 11, 2013 Page 6 7K. AMENDMENT TO TRANSPORTATION UNIFORM MITIGATION FEE REGIONAL ARTERIAL AGREEMENT FOR THE RAILROAD CANYON ROAD AT INTERSTATE 15 INTERCHANGE PROJECT IN THE CITY OF LAKE ELSINORE 1) Approve Agreement No. 10-72-016-02, Amendment No. 2 to Agreement No. 10-72-016-00, with the city of Lake Elsinore (Lake Elsinore) for the Railroad Canyon Road/Interstate 15 interchange project to authorize staff to complete the project approval and environmental document (PA&ED) phase with the remaining $211,382 of the $1,206,000 TUMF funds allocated to this phase and to increase the PA&ED phase funding amount by $399,000 to $1,605,000; 2) Approve Agreement No. 11-31-107-02, Amendment No. 2 to Agreement No. 11-31-107-00, with SC Engineering for the project with Lake Elsinore to authorize SC Engineering to complete the PA&ED services associated with the project in the amount of $464,000, plus an additional contingency amount of $17,000 for a total increase of $481,000, resulting in a total not to exceed amount of $705,000; 3) Authorize the Chair or Executive Director, pursuant to legal counsel review, to execute the agreements on behalf of the Commission; 4) Authorize the Executive Director to approve release of contingency work up to the total authorized amount as may be required for the project; 5) Authorize the Executive Director, pursuant to legal counsel review, to execute agreements with Caltrans to reflect non-funding changes related to the project on behalf of the Commission; and 6) Approve an increase in FY 2013/14 budgeted expenditures of $146,000. 7L. AGREEMENT WITH ALL AMERICAN ASPHALT FOR THE CONSTRUCTION OF STATE ROUTE 74 CURVE WIDENING FROM CALVERT AVENUE TO CALIFORNIA AVENUE IN THE COUNTY OF RIVERSIDE NEAR THE CITY OF HEMET 1) Approve Agreement No. 13-31-139-00 to All American Asphalt (All American) for the construction of State Route 74 Curve widening project from Calvert Avenue to California Avenue in the county of Riverside near the city of Hemet in the amount of $1,970,005, plus a contingency amount of $197,000 for potential change orders and supplemental work during construction, for a total amount not to exceed $2,167,005; 2) Authorize the Chair or Executive Director, pursuant to legal counsel review, to execute the agreement behalf of the Commission; 3) Authorize the Executive Director to approve contingency work up to the total authorized amount as may be required for the project; and Riverside County Transportation Commission Minutes December 11, 2013 Page 7 4) Authorize the Executive Director to enter into agreements, or amendments to existing agreements, as determined appropriate, with the state of California (State) for an amount not to exceed $120,000 for Construction Zone Enhanced Enforcement Program (COZEEP), and state furnished materials, and other items. 7M. FISCAL YEAR 2013/14 AGREEMENTS FOR REGIONAL RIDESHARE SERVICES 1) Approve Agreement No. 14-41-031-00 with the San Bernardino Associated Governments (SANBAG) as part of the Commission’s continuing bi-county partnership with SANBAG to deliver commuter/employer rideshare services, regional ridematching services, and operation of the Inland Empire 511 (IE511) system for FY 2013/14 for an amount not to exceed $1.9 million; 2) Approve the following FY 2013/14 agreements for regional ridematching services: a) Agreement No. 09-41-075-04, Amendment No. 4 to Agreement No. 09-41-075-00, with the Los Angeles County Metropolitan Transportation Authority (Metro) for an amount not to exceed $196,243; b) Agreement No. 11-41-139-03, Amendment No. 3 to Agreement No. 11-41-139-00, with the Orange County Transportation Authority (OCTA) for an amount not to exceed $59,566; and c) Agreement No. 06-41-082-08, Amendment No. 8 to Agreement No. 06-41-082-00, with the Ventura County Transportation Commission (VCTC) for an amount not to exceed $16,198; and 3) Authorize the Chair or Executive Director, pursuant to legal counsel review, to execute the agreements on behalf of the Commission. 7N. CLAY STREET GRADE SEPARATION Allocate $1,199,246 in Congestion Mitigation Air Quality (CMAQ) funds to the county of Riverside (County) for the Clay Street grade separation project. At this time, Commissioner Steven Hernandez arrived at the meeting. 8. STATE AND FEDERAL LEGISLATIVE UPDATE Aaron Hake, Government Relations Manager, presented an update on state and federal legislation, highlighting the following areas: Riverside County Transportation Commission Minutes December 11, 2013 Page 8 • MAP-21 Section 1115: National Freight Policy; • Primary Freight Network (PFN) – factors for designation, limitations, and U.S. DOT status; • Draft PFN and 41K comprehensive network maps; • House panel on 21st Century Freight Transportation; • Impacts of goods movement in Riverside County; and • Financial investment and additional funding needs. In response to Commissioner Andrew Kotyuk’s question, Aaron Hake concurred Commissioners are encouraged to provide input for adding corridors to the network map and are welcome to suggest ideas for expediting CEQA and NEPA. He explained on December 9 Federal Transit Administration Deputy Administrator Therese W. McMillan was here for the signing of the Small Starts grant for the PVL project and participated in a small group listening session, which included Commissioners, staff, and other transportation agencies in the region. He stated environmental law was the most talked about issue and Ms. McMillan is committed to follow up. Mr. Hake explained the Commission advocated for MAP-21 and a study is being done by the U.S. Government Accountability Office (GAO) to evaluate states that can substitute their environmental law versus federal environmental law, which will be a prime opportunity to provide input. Anne Mayer stated staff will advocate for the gaps on State Routes 60 and 86 to be included in the network. She noted staff believes it was not intentional and it will be a priority. In response to Commissioner Adam Rush’s question about the justification for these gaps, Aaron Hake replied it is uncertain why those sections were omitted. Southern California Association of Governments (SCAG) has a substantial amount of data on these routes. He stated the Federal Highway Administration (FHWA) will rely on the transportation agencies during the comment period so it is a matter of communication. In response to Commissioner Rush’s question about next steps, Aaron Hake explained this fall when this law is reauthorized, the Commission must ensure any goods movement funding sources are tied back to the network map. In response to Commissioner Hernandez’s clarification about letters of support from the cities, Aaron Hake replied advocacy may come later this year. If FHWA comes back and decides not to include SR-86 then staff may request assistance from the cities and the Coachella Valley Association of Governments to provide the necessary data. M/S/C to receive and file an update on state and federal legislation. Riverside County Transportation Commission Minutes December 11, 2013 Page 9 9. ELECTION OF RIVERSIDE COUNTY TRANSPORTATION COMMISSION OFFICERS AND APPOINTMENT OF EXECUTIVE COMMITTEE MEMBERS Commissioner Greg Pettis seconded by Commissioner Ella Zanowic nominated Commissioner Scott Matas as Second Vice Chair. Commissioner Mary Craton nominated Commissioner Kevin Jeffries as Second Vice Chair. Commissioner Jeffries declined the nomination. No other nominations were received. Scott Matas was elected as the Commission’s Second Vice Chair for 2014. Steve DeBaun, legal counsel, clarified the nominees should not vote in the election and should abstain and leave the room during the vote. Commissioner Pettis seconded by Commissioner Zanowic nominated Commissioner Marion Ashley for the Chair position and Commissioner Daryl Busch for the Vice Chair position. No other nominations were received. Commissioner Jeffries asked legal counsel about the legal authority for the nominees to leave the room since there is no legal requirement at the state level. Steve DeBaun explained the California Fair Political Practices Commission (FPPC) requirement. Commissioner Jeffries replied it is the first he has heard of it and requested legal counsel to provide the FPPC information to the Commissioners. Steve DeBaun concurred. Appointment of Executive Committee Representatives At this time, Chair Spiegel called for a recess for the representatives of the following groups to meet and determine their respective representatives to the Executive Committee due to the vacancy left by former Commissioner Bob Botts as well as the results of the election of officers: 1) the cities of Banning, Beaumont, Calimesa, Canyon Lake, Eastvale, Hemet, Jurupa Valley, Lake Elsinore, Menifee, Norco, Perris, San Jacinto, and Wildomar to appoint one representative; and 2) the Riverside County Board of Supervisors Commission members to appoint three representatives to the Executive Committee. Riverside County Transportation Commission Minutes December 11, 2013 Page 10 The Commission reconvened and Chair Spiegel announced the new representatives to the Executive Committee are Commissioner Ben Benoit, representing the above listed cities, and Commissioners J. Benoit, Stone, and Tavaglione, representing the Riverside County Board of Supervisors. 10. ITEM(S) PULLED FROM CONSENT CALENDAR FOR DISCUSSION There were no items pulled from the Consent Calendar. 11. COMMISSIONERS/EXECUTIVE DIRECTOR’S REPORT 11A. Anne Mayer announced: • The PVL Small Starts grant for $75 million was signed on December 9; • The 91 Project Groundbreaking will be held directly following the Commission meeting at the North Main Corona Station parking structure. A Riverside Transit Agency (RTA) bus is available for transportation to the event; • The Avenue 52 Groundbreaking will be held this afternoon in the Coachella Valley; • The California Transportation Commission (CTC) is holding its December meeting today at the County Administrative Center Board Room with a reception at the Mission Inn in the evening; and • Kome Ajise, Deputy Director for Planning, and Karla Sutliff, Department Chief Engineer, from Caltrans Headquarters are in attendance and thanked them for their partnership and helping to deliver Commission projects. 11B. Commissioner Deborah Franklin announced the passing of former Banning council members John Machisic and Brigitte Page in November and December, respectively. 11C. Chair Spiegel expressed her gratitude to the Commission on behalf of the city of Corona for funding the Foothill Parkway project, to the Commissioners for allowing her to serve as the 2013 Chair, to everyone that participated in making 2013 a successful year, and to staff for a job well done. Commissioners Ashley, Tavaglione, J. Benoit, and Stone each expressed their appreciation for Chair Spiegel’s strong leadership. Chair Spiegel stated all of the Commissioners set the foundation for success and then passed the gavel to Commissioner Busch to adjourn the meeting. Riverside County Transportation Commission Minutes December 11, 2013 Page 11 12. ADJOURNMENT There being no further business for consideration by the Riverside County Transportation Commission, Commissioner Busch adjourned the meeting in honor of the former council member John Machisic at 10:27 a.m. The next Commission meeting is scheduled to be held at 9:30 a.m., Wednesday, January 8, 2014, in the Board Room, at the County of Riverside Administrative Center, 4080 Lemon Street, Riverside, California. Respectfully submitted, Jennifer Harmon Clerk of the Board AGENDA ITEM 6 PUBLIC HEARING RIVERSIDE COUNTY TRANSPORTATION COMMISSION DATE: March 12, 2014 TO: Riverside County Transportation Commission FROM: Mark Lancaster, Right of Way Manager THROUGH: Anne Mayer, Executive Director SUBJECT: Adoption of Resolutions of Necessity for the Acquisition of San Diego Outdoor Advertising, Inc., dba General Outdoor Advertising’s Possessory and/or Leasehold Interests Including Improvements Located Thereon, in Certain Real Property, By Eminent Domain, More Particularly Described As Assessor Parcel Nos. 115-060-016 And 115-060-049, Located in Corona, Riverside County, California, for the State Route 91 Corridor Improvement Project, Which Covers the Area Between Pierce Street on the East to the County Line on the West, In Riverside County, California STAFF RECOMMENDATION: This item is for the Commission to: 1)Conduct a hearing to consider the adoption of resolutions of necessity, including providing all parties interested in the affected property and their attorneys, or their representatives, an opportunity to be heard on the issues relevant to the resolutions of necessity; 2)Make the following findings as hereinafter described in this report: a)The public interest and necessity require the proposed project; b)The project is planned or located in a manner that will be most compatible with the greatest public good and the least private injury; c)The real property to be acquired is necessary for the project; d)The offer of just compensation has been made to the owner; and 3)Adopt Resolution of Necessity Nos. 14-010 and 14-011, “Resolutions of Necessity for the Acquisition of San Diego Outdoor Advertising, Inc., dba General Outdoor Advertising’s Possessory and/or Leasehold Interests Including Improvements Located Thereon, in Certain Real Property, by Eminent Domain, More Particularly Described as Assessor Parcel Nos. 115-060-016 and 115-060-049, Located in Corona, Riverside County, California”, for the State Route 91 Corridor Improvement Project (SR-91 CIP), between Pierce Street on the East to the County Line on the West, in Riverside County, California. BACKGROUND INFORMATION: The Commission is being asked to consider the adoption of a resolution of necessity for the interests in the parcels listed below. These interests are required for construction of the SR-91 CIP. Agenda Item 6 1 The power of eminent domain is used by the Commission only as a last resort to obtain interests necessary for public highway projects after: 1) negotiations have stalled; or 2) the owner requested the Commission proceed directly to eminent domain for tax or other advantages; or 3) the eminent domain process is necessary to clear the title to the property. In this case, an offer of just compensation has been made to the owner for the full Fair Market Value as determined by an appraisal. Commission staff attempted to negotiate amicable settlements in good faith, and will continue to do so throughout the process. Fair Market Value is defined by the state of California and is one of the most inclusive definitions in the United States. It requires the highest and best use of the property be considered. All of the Commission’s appraisals must meet the California definition of Fair Market Value. One of the requirements for acquiring property for improvement projects is that an offer of just compensation be made to the owner(s) of the property. The Commission makes these offers in person whenever possible. The amount of compensation is determined by appraisals prepared by independent appraisal firms licensed by the Bureau of Real Estate Appraisers. The content of these appraisals, what elements are considered in the appraisals, and the methodologies used in the preparation are all proscribed by various laws and the Uniform Standards of Appraisal Practice (USPAP), published by the Appraisal Foundation. The Federal Government recognizes the USPAP as generally accepted appraisal standards and requires USPAP compliance for appraisers in federally related transactions. Every appraisal calculates the market value of the acquisition as defined by the California Code of Civil Procedure, based on the highest and best use, as defined in USPAP, and includes consideration of severance damages and project benefits (also defined in the California Code of Civil Procedure). In every case, the owner is invited to accompany the appraiser during the site visit so that as much information as possible is considered in the appraisal. A review appraisal prepared by a different certified appraiser is then conducted to ensure all proper procedures have been followed. Additionally, in accordance with state law, every owner is offered up to $5,000 to reimburse them for the cost to have their own appraisal prepared. Over the next few months staff will bring to the Commission those interests that meet one of the three criteria above. The timing of these resolutions will balance the need to give the owners as much time as possible to reach an agreement, while at the same time allowing enough time for the Commission to go through the process to obtain possession in time to avoid delays to the design-build contractor. The legal process from adoption of the resolutions of necessity to receiving legal possession of the properties takes approximately 150 days. California eminent domain law provides that a public entity may not commence with eminent domain proceedings until its governing body adopts a resolution of necessity, which resolution may only be adopted after the governing body has given each party with an interest in the affected property, or their representatives, a reasonable opportunity to appear and be heard on the following matters: Agenda Item 6 2 1) The public interest and necessity require the proposed project; 2)The project is planned or located in a manner that will be most compatible with the greatest public good and the least private injury; 3)The real property to be acquired is necessary for the project; and 4)The offer of just compensation has been made to the property owner. Since an agreement has not been reached with some owners, it may be necessary to acquire necessary interests described by eminent domain. The initiation of the eminent domain process is accomplished by the Commission’s adoption of resolutions of necessity for the affected properties. Record owners must be afforded an opportunity to appear at the hearing and lodge objections. A notice of this hearing was sent by first class mail to the owners, and stated the Commission’s intent to consider the adoption of resolutions, the right of the property owners to appear and be heard on these issues, and that failure to file a written request to appear would result in a waiver of the right to appear and be heard. The Commission scheduled this hearing at which all persons who filed a written request in compliance with applicable law may appear and be heard. Aerial views of the parcels subject to this staff report in relation to the SR-91 CIP are attached. Finding 1: Public Interest and Necessity Require the Project SR-91 in Riverside County ranks among the nation's worst commutes. Stop-and-go traffic is the norm, especially during morning and late afternoon rush hours. Traffic congestion on eastbound SR-91 between the cities of Anaheim and Corona is routinely among the worst 15 areas in the nation. SR-91 is continuing to experience increased congestion as a result of population growth in Riverside and San Bernardino Counties and the increase in jobs in Los Angeles and Orange Counties. Demographic projections for the Southern California Association of Governments (SCAG) region show population and employment in Orange and Riverside Counties are forecast to increase substantially by 2035. As a result, traffic volumes on SR-91 are expected to increase by approximately 50 percent by 2035, which would result in even greater congestion and delays on SR-91. The existing travel demand on SR-91 led to a heavy directional commute pattern between Los Angeles/Orange and Riverside Counties that is projected to continue into the future. SR-91 is the only major highway that links Orange and Riverside Counties. Extending from the Orange County line/Riverside County in the city of Corona to Pierce Street in Riverside, the SR-91 CIP will add mixed flow lanes, tolled express lanes and connectors and improve interchanges, bridges, ramps, and local streets. New connections between the SR-91 and I-15 also will be made. Agenda Item 6 3 The SR-91 CIP is designed to reduce delays, improve air quality, offer a choice between regular lanes and express lanes, allow faster emergency response, relieve local street congestion, and provide better access to public transit and rails. Finding 2: The Project is Planned or Located in a Manner Most Compatible with Greatest Public Good and Least Private Injury A thorough analysis was conducted to find the single best location for the SR-91 CIP. Environmental analyses and findings indicate the chosen alignment uniquely satisfies engineering, public health, and environmental issues, and is the most compatible with the greatest public good and least private injury. To minimize private injury, a thorough analysis regarding the need for each property and each interest was conducted in the planning stages of the SR-91 CIP. Efforts during the planning stages included conducting public outreach meetings and seeking feedback about the SR-91 CIP alignment and potential impacts. Staff also met regularly with various local agencies and businesses to determine if modifications to the alignment were necessary to minimize impacts. These efforts continued over the course of years to ensure the alignment design achieved the greatest public good with the least private injury. As part of the acquisition process, unless settlement was reached within the first 30 days after an offer was made, every property owner was provided an opportunity to participate in meetings with project staff. The goal of these meetings was to minimize private injury not only on the basis of information staff obtained through the planning process, but also on the information provided by the owners. As a result, staff has in some cases included mitigation measures to reduce and minimize impacts to the property. Compliance with the California Environmental Quality Act has been satisfied by Caltrans' certification of an environmental impact report (EIR) in its role as lead agency on August 8, 2012, and the Commission's subsequent consideration of that certified EIR in its role as a responsible agency on November 14, 2012. Finding 3: The Real Property to be Acquired is Necessary for the Project The property interests sought below have been analyzed to determine if a feasible design alternative that exists would alleviate the need for the interest. As indicated above, the owners of the interests were invited to meet with project staff and provide input to address any concerns the owners may have with the design of the SR-91 CIP in the manner proposed and the necessity of the acquisition. To the extent the owners raised such concerns, staff took those concerns into consideration and attempted to make design modifications as feasible and possible. In the end, staff recommends the following interest in real property are necessary for the project. Agenda Item 6 4 RON No. 14-010 – San Diego Outdoor Advertising, Inc., a California Corporation, dba General Outdoor Advertising; APN 115-060-016; CPN 22276 The real property commonly known as APN 115-060-016, is owned in fee by the Riverside County Flood Control and Water Conservation District, a public agency (RCFCWCD). San Diego Outdoor Advertising, Inc., dba General Outdoor Advertising (General Outdoor) has a possessory and/or leasehold interest in the real property, from where it operates a digital advertising billboard. The Commission’s design of the SR-91 CIP necessitates the Commission acquire the parcel in fee including all possessory and/or leasehold interests and any improvements located thereon. The entire area of the subject property is impacted due to the proposed widening of SR-91, which shifts the existing edge of travel way to the north by approximately 60 feet. This widening results in the existing southbound I-15 to westbound SR-91 connector to be realigned north. The connector requires two lanes, which directly affect the subject property as these pass directly over and through the subject property. The Commission is in the process of acquiring RCFCWCD’s underlying ownership interest in the real property. In order to proceed with the SR-91 CIP project, the Commission must also acquire all possessory and/or leasehold interests held by General Outdoor, including the billboard located thereon. Accordingly, the Commission is now seeking a resolution of necessity for the purpose of acquiring General Outdoor’s leasehold and possessory interests in the subject property including any improvements located thereon. The legal description and plat map of the parcel in which the Commission is acquiring all leasehold and possessory interests is an exhibit to Resolution of Necessity No. 14-010. An aerial view of the parcel and the parcel’s relationship to the SR-91 CIP is also attached. The Notice of Hearing to General Outdoor was mailed on December 30, 2013, a Notice of Continuance of Hearing was mailed on January 27, and an Amended Notice of Hearing was mailed on February 19, 2014. RON No. 14-011 – San Diego Outdoor Advertising, Inc., a California Corporation, dba General Outdoor Advertising; APN 115-060-049; CPN 22302 The real property commonly known as APN 115-060-049, is owned in fee by Dollar Self Storage 9 LP (Dollar), a California limited liability company. San Diego Outdoor Advertising, Inc., dba General Outdoor Advertising (General Outdoor) has a possessory and/or leasehold interest in the real property, from where it operates a digital advertising billboard. On November 13, 2013, the Commission adopted a resolution of necessity to acquire fee, temporary construction easement and temporary access easement interests in portions of the property from Dollar. The Commission commenced an eminent domain action as against Dollar for acquisition of the aforesaid interests. The Commission’s design of the SR-91 CIP necessitates that the Commission also acquire General Outdoor’s possessory and/or leasehold Agenda Item 6 5 interests and any improvements of General Outdoor, which interests are located on the larger APN 115-060-049. The legal description and plat map of the parcel in which the Commission is acquiring all leasehold and possessory interests are exhibits to Resolution of Necessity No. 14-011. An aerial view of the parcel and the parcel’s relationship to the SR-91 CIP is also attached. The Notice of Hearing to General Outdoor was mailed on February 14, and an Amended Notice of Hearing was mailed on February 19, 2014. Finding 4: Offers of Just Compensation Have Been Made to the Property Owners Litigation guarantees were obtained from Commonwealth Land Title Insurance Company to confirm and identify the parties with an interest in the parcels affected by the SR-91 CIP. The Commission then served the affected property owners and other interested parties as appropriate, with a notice of the Commission’s decision to appraise the property. The Commission had the property interests appraised by the appraisal firm of Desmond, Marcello & Amster to establish the fair market value of the property interests the Commission is seeking to acquire from parties identified herein. Offers of just compensation were made to the property owners and to General Outdoor, to purchase the property interests, based on the approved appraisals, as required by Section 7267.2 of the California Government Code. The Commission does not intend to exercise its powers of eminent domain against RCFCWCD. However, the Commission will acquire the possessory and/or leasehold interests sought from General Outdoor through eminent domain, to ensure the properties will be available to meet the time frames associated with the construction of the SR-91 CIP. Fiscal Impact There is no fiscal impact due to adoption of the resolutions of necessity. All property acquisition expenses are included in the SR-91 CIP budget. Attachments: 1)Resolution No. 14-010 2)Resolution No. 14-011 Agenda Item 6 6 RESOLUTION NO. 14-010 RESOLUTION OF NECESSITY FOR THE ACQUISITION OF SAN DIEGO OUTDOOR ADVERTISING, INC., D/B/A GENERAL OUTDOOR ADVERTISING’S POSSESSORY AND/OR LEASEHOLD INTERESTS AND IMPROVEMENTS, IN CERTAIN REAL PROPERTY, BY EMINENT DOMAIN, MORE PARTICULARLY DESCRIBED AS ASSESSOR PARCEL NO. 115-060-016, LOCATED IN CORONA, RIVERSIDE COUNTY, CALIFORNIA, FOR THE STATE ROUTE 91 CORRIDOR IMPROVEMENT PROJECT, WHICH COVERS THE AREA BETWEEN PIERCE STREET ON THE EAST TO THE COUNTY LINE ON THE WEST, IN RIVERSIDE COUNTY, CALIFORNIA WHEREAS, the Riverside County Transportation Commission (the “Commission”) proposes to acquire possessory and/or leasehold interests and improvements in certain real property, located in Riverside County, California, more particularly described as Assessor Parcel No. 115-060-016 (Caltrans Parcel No. 22276), for the State Route 91 Corridor Improvement Project in Riverside County, California, pursuant to the authority granted to it by section 130220.5 of the California Public Utilities Code; and WHEREAS, pursuant to section 1245.235 of the California Code of Civil Procedure, the Commission scheduled a public hearing for Wednesday, March 12, 2014 at 9:30 a.m., at the County Administration Building, Board of Supervisors Chambers, at 4080 Lemon Street, Riverside, California, and gave to each person whose property is to be acquired and whose name and address appeared on the last equalized county assessment roll, notice and a reasonable opportunity to appear at said hearing and be heard on the matters referred to in section 1240.030 of the California Code of Civil Procedure; and WHEREAS, said hearing has been held by the Commission, and the affected property owner and other interested parties were afforded an opportunity to be heard on said matters; and WHEREAS, the Commission may now adopt a Resolution of Necessity pursuant to section 1240.040 of the California Code of Civil Procedure; NOW, THEREFORE, THE COMMISSION DOES HEREBY RESOLVE AND DECLARE AS FOLLOWS: Section 1. Compliance with California Code of Civil Procedure. There has been compliance by the Commission with the requirements of section 1245.235 of the California Code of Civil Procedure regarding notice and hearing. Section 2. Public Use. The public use for the possessory and/or leasehold interests in the property to be acquired is for the SR-91 Corridor Improvement Project in Riverside County, California. Section 130220.5 of the California Public Utilities Code authorizes the Commission to acquire, by eminent domain, property necessary for such purposes. ATTACHMENT 1 7 Section 3. Description of Property. Attached and marked as Exhibit “A” is the legal description of the entire parcel upon which the leasehold interest and outdoor advertising sign to be acquired by the Commission are located, and which describes the general location and extent of the property with sufficient detail for reasonable identification. Section 4. Findings. The Commission hereby finds and determines each of the following: (a) The public interest and necessity require the proposed project; (b) The proposed project is planned or located in the manner that will be most compatible with the greatest public good and least private injury; (c) The property defined, described and/or depicted in Exhibit “A” is necessary for the proposed project; and (d) The offer required by section 7267.2 of the California Government Code was made. Section 5. Use Not Unreasonably Interfering with Existing Public Use. Some or all of the real property affected by the interest to be acquired is subject to easements and rights of way appropriated to existing public uses. The legal descriptions of these easements and rights of way are on file with the Commission and describe the general location and extent of the easements and rights of way with sufficient detail for reasonable identification. In the event the herein described use or uses will not unreasonably interfere with or impair the continuance of the public use as it now exists or may reasonably be expected to exist in the future, counsel for the Commission is authorized to acquire the herein described interest subject to such existing public use(s) pursuant to section 1240.510 of the California Code of Civil Procedure. Section 6. More Necessary Public Use. Some or all of the real property affected by the interest to be acquired is subject to easements and rights of way appropriated to existing public uses. To the extent that the herein described use or uses will unreasonably interfere with or impair the continuance of the public use as it now exists or may reasonably be expected to exist in the future, the Commission finds and determines that the herein described use or uses are more necessary than said existing public use. Counsel for the Commission is authorized to acquire the herein described real property appropriated to such existing public uses pursuant to section 1240.610 of the California Code of Civil Procedure. Staff is further authorized to make such improvements to the affected real property that it determines are reasonably necessary to mitigate any adverse impact upon the existing public use. Section 7. Further Activities. Counsel for the Commission is hereby authorized to acquire the hereinabove described real property in the name of and on behalf of the Commission by eminent domain, and counsel is authorized to institute and prosecute such legal proceedings as may 8 be required in connection therewith. Legal counsel is further authorized to take such steps as may be authorized and required by law, and to make such security deposits as may be required by order of court, to permit the Commission to take possession of and use said real property at the earliest possible time. Counsel is further authorized to correct any errors or to make or agree to non- material changes in the legal description of the real property that are deemed necessary for the conduct of the condemnation action, or other proceedings or transactions required to acquire the subject real property. Counsel is further authorized to reduce or modify the extent of the interests or property to be acquired so as to reduce the compensation payable in the action where such change would not substantially impair the construction and operation for the project for which the real property is being acquired. Section 8. Effective Date. This Resolution shall take effect upon adoption. APPROVED AND ADOPTED this 12th day of March, 2014. ___________________________________ Marion Ashley, Chair Riverside County Transportation Commission ATTEST: Jennifer Harmon, Clerk of the Board Riverside County Transportation Commission 9 BLANK ,. Exhibit "A" All that certain real property situated ln the County of Riverside, State of C81lfomla, described as follows: Parcel 2050-21, described as that portion of Section 30, Township 3 South, Range 6 West, In the Rancho El Sobrante De San Jadnto, in the City of Corona, County of Riverside, State of California, as shown In Book 7 page(s) 10 of Maps, records of San BemarcHno County, callfomla, described as follows: Commencing at the Northeast comer of Lot 12-A, as shown on Record of Survey Book 63, page(s) 66, records of Riverside County, C81lfornla; thence South 08° 40' 56" West, a distance of 73. 73 feet, to the Northerly right of way line of Riverside Freeway, Route 91, as shown on state of California Right of Way Map no. 991084 on ftle In the Office of the County Surveyor, Riverside County, callfomia, said point being a point on a tangent curve concave Northwesterly having a radius of 1950.00 feet; thence Northeasterly along arc of satd curve through a central angle of 03° 58' 43" an arc distance of 135.41 feet to the Southerly, right of way line of the Atchison, Topeka and santa Fe Rallroad; thence North 77° 34' 00" West along said right of way llne, a distance of 118.46 feet to the point of beginning~ Assessors Parcel Number 115-060-016 EXHIBIT A. PAGE 1 BLANK I I I I I t I I I I l I I l I I I I I I I @! I I I I \. ,, f )' \\ I \ \ I " -, f I I I I I I ~ l I i I/ 1 ,,, .,. ,,, g ,,."' i • / I; IC ,,, n@= I 11 . Ii I IC I I / I ,, ,,, I t '-~-:-::1 - -"-"@I -- 11 BLANK RESOLUTION NO. 14-011 RESOLUTION OF NECESSITY FOR THE ACQUISITION OF SAN DIEGO OUTDOOR ADVERTISING, INC., DBA GENERAL OUTDOOR ADVERTISING’S POSSESSORY AND/OR LEASEHOLD INTERESTS AND IMPROVEMENTS IN CERTAIN REAL PROPERTY, BY EMINENT DOMAIN, MORE PARTICULARLY DESCRIBED AS ASSESSOR PARCEL NO. 115-060-049, LOCATED IN CORONA, RIVERSIDE COUNTY, CALIFORNIA, FOR THE STATE ROUTE 91 CORRIDOR IMPROVEMENT PROJECT, WHICH COVERS THE AREA BETWEEN PIERCE STREET ON THE EAST TO THE COUNTY LINE ON THE WEST, IN RIVERSIDE COUNTY, CALIFORNIA WHEREAS, the Riverside County Transportation Commission (the “Commission”) proposes to acquire possessory and/or leasehold interests and improvements in certain real property, located in Riverside County, California, more particularly described as Assessor Parcel No. 115-060-049 (Caltrans Parcel No. 22302), for the State Route 91 Corridor Improvement Project in Riverside County, California, pursuant to the authority granted to it by section 130220.5 of the California Public Utilities Code; and WHEREAS, pursuant to section 1245.235 of the California Code of Civil Procedure, the Commission scheduled a public hearing for Wednesday, March 12, 2014 at 9:30 a.m., at the County Administration Building, Board of Supervisors Chambers, at 4080 Lemon Street, Riverside, California, and gave to each person whose property is to be acquired and whose name and address appeared on the last equalized county assessment roll, notice and a reasonable opportunity to appear at said hearing and be heard on the matters referred to in section 1240.030 of the California Code of Civil Procedure; and WHEREAS, said hearing has been held by the Commission, and the affected property owner and other interested parties was afforded an opportunity to be heard on said matters; and WHEREAS, the Commission may now adopt a Resolution of Necessity pursuant to section 1240.040 of the California Code of Civil Procedure; NOW, THEREFORE, THE COMMISSION DOES HEREBY RESOLVE AND DECLARE AS FOLLOWS: Section 1. Compliance with California Code of Civil Procedure. There has been compliance by the Commission with the requirements of section 1245.235 of the California Code of Civil Procedure regarding notice and hearing. Section 2. Public Use. The public use for the possessory and/or leasehold interests in the property to be acquired is for the SR-91 Corridor Improvement Project in Riverside County, California. Section 130220.5 of the California Public Utilities Code authorizes the Commission to acquire, by eminent domain, property necessary for such purposes. ATTACHMENT 2 12 Section 3. Description of Property. Attached and marked as Exhibit “A” is the legal description of the entire parcel upon which the leasehold interest and outdoor advertising sign to be acquired by the Commission are located, and which describes the general location and extent of the property with sufficient detail for reasonable identification. Section 4. Findings. The Commission hereby finds and determines each of the following: (a) The public interest and necessity require the proposed project; (b) The proposed project is planned or located in the manner that will be most compatible with the greatest public good and least private injury; (c) The property defined, described and/or depicted in Exhibit “A” is necessary for the proposed project; and (d) The offer required by section 7267.2 of the California Government Code was made. Section 5. Use Not Unreasonably Interfering with Existing Public Use. Some or all of the real property affected by the interest to be acquired is subject to easements and rights of way appropriated to existing public uses. The legal descriptions of these easements and rights of way are on file with the Commission and describe the general location and extent of the easements and rights of way with sufficient detail for reasonable identification. In the event the herein described use or uses will not unreasonably interfere with or impair the continuance of the public use as it now exists or may reasonably be expected to exist in the future, counsel for the Commission is authorized to acquire the herein described interest subject to such existing public use(s) pursuant to section 1240.510 of the California Code of Civil Procedure. Section 6. More Necessary Public Use. Some or all of the real property affected by the interest to be acquired is subject to easements and rights of way appropriated to existing public uses. To the extent that the herein described use or uses will unreasonably interfere with or impair the continuance of the public use as it now exists or may reasonably be expected to exist in the future, the Commission finds and determines that the herein described use or uses are more necessary than said existing public use. Counsel for the Commission is authorized to acquire the herein described real property appropriated to such existing public uses pursuant to section 1240.610 of the California Code of Civil Procedure. Staff is further authorized to make such improvements to the affected real property that it determines are reasonably necessary to mitigate any adverse impact upon the existing public use. Section 7. Further Activities. Counsel for the Commission is hereby authorized to acquire the hereinabove described real property in the name of and on behalf of the Commission by eminent domain, and counsel is authorized to institute and prosecute such legal proceedings as may 13 be required in connection therewith. Legal counsel is further authorized to take such steps as may be authorized and required by law, and to make such security deposits as may be required by order of court, to permit the Commission to take possession of and use said real property at the earliest possible time. Counsel is further authorized to correct any errors or to make or agree to non- material changes in the legal description of the real property that are deemed necessary for the conduct of the condemnation action, or other proceedings or transactions required to acquire the subject real property. Counsel is further authorized to reduce or modify the extent of the interests or property to be acquired so as to reduce the compensation payable in the action where such change would not substantially impair the construction and operation for the project for which the real property is being acquired. Section 8. Effective Date. This Resolution shall take effect upon adoption. APPROVED AND ADOPTED this 12th day of March, 2014. ___________________________________ Marion Ashley, Chair Riverside County Transportation Commission ATTEST: Jennifer Harmon, Clerk of the Board Riverside County Transportation Commission 14 BLANK . . EXHIBIT A LEGAL DESCRIPTION All that certain real property situated In the County of Riverside, State of callfornia, described as follows: Parcel A: (Portion of New APN 115-060-049) (Portion of Old APN'S 115-060-008 and 020) That portion of Section 30, Township 3 South, Range 6 West, In the Rancho El Sobrante de San Jacinto, County of Riverside, State of California, as per Map of Sectionalized Survey of said Rancho recorded in Book 7, Page 10 of Maps in the Office of the County Recorder of San Bernardino County, callfomia, described as follows: Beginning at the Intersection of the West line of said Section 30 with the South line of the Atchison, Topeka and santa Fe Railroad (fonnetly Southern California Railway Company), Right-of-Way; Thence South 857 .00 feet on said West llne to the Northerly line of the 25.26 acre tract conveyed to George E. Snldecor, by Deed recorded In Book 350, Page 73 of Deeds, In the Office of the County Recorder of Riverside County; Thence on said Northerly line the following bearings and distances: South 89°22'00• East, 1,137. 70 feet; Thence South 43°00'00" East, 453.20 feet; Thence South 00°37'00• West, 392.00 feet to the Northerly line of Quarry Street; Thence North 89°22·00• East, 111.66 feet on last said Northerly line; Thence North 82°20'00" East, 665.26 feet; Thence North 51°42'00" West, 624.87 feet; Thence North 35°18'00" West, 629. 71 feet; Thence North 42°04'00" West 469.90 feet. to said South line of the Atchison Topeka and Santa Fe Railroad. Right-of-Way; Thence Northwesterly on said South line to the Point of Beginning. Except that portion in the East Sixth Street Addition as per Map recorded In Book 8, Page 42 of Maps, In the Office of the County Recorder of said Riverside County. Also except that portion described as follows: Beginning at the Intersection' of the West line of said Section 30, with the South line of the Atchison, Topeka and Santa Fe Railroad (formerly Southern callfomia Railway Company) Right-of-Way; Thence South 857.00 feet on said West line to the Northerly line of the 25.26 acre tract conveyed to George E, Snldecor, by Deed recorded In Book 350, Page 73 of Deeds In the Office of the County Recorder of said Riverside County; Thence on said Northerly line the following bearings and distances: South 89°22'00" East, 1,137.70 feet, to the West line of the land described as Parcel 1 in Deed to the Pacific Electric Railway Company recorded October 6, 1915 In Book 406, Page 385 of Deeds; Thence North 42°15'37" West 900.84 feet to said South line of the Atchison, Topeka and Santa Fe Railroad Right-of-Way; Thence Westerly on said South line to the Point of Beginning. Also except that portion described in Deed to the State of California, recorded March 29, 1960 as Instrument No. 27697 of Official Records. Also except that portion in the Southern Pacific Railroad Company Right-of-Way. Also except that portion Deeded to the State of Ci!lllfornia September 15, 1988 as Instrument No. 88-266222, Official Records. Also excepting any portion lying within Lot Line Adjustment No. 05-031 recorded December 23, 2005 as Instrument No. 05-1061875 of Official Records. EXHIBIT A, PAGE1 . . i , Parcel 8: (Portion of New APN 115-060-049) (Portion of Old APN 115-060-012) Parcel B-1: EXHIBIT A (Continued) That portion of the land described in Deed to the Pacific Electric Railway Company, A Corporation, recorded November 14, 1913 in Book 385 of Deeds, Pages 289 through 295, Records of Riverside County, California, lying Northerly of the centerline of Quarry Street (60.00 feet wide) and lying Easterly and Southerly of the Southeasterly line of Parcel 8 as shown on Parcel Map recorded In Book 23, Page 70 of Parcel Maps, Records of said Riverside County, said land described in Deed to the Pacific Electric Railway Company more particularly described as follows: All that portion of the land conveyed by Goo I. Lamy, et ux, to El Sobrante Land Company, by Deed recorded on Page 222 in Book 326 of Deeds, In the Office of the County Recorder of said Riverside County, lying between lines which are parallel to and distant forty (40) feet on each side of the following described surveyed center line of the Pacific Electric Railway, to-it: Beginning at Engineers Station 2279+98.92 of said surveyed center line, said Station 2279+98.92 being In the Westerly line of that certain twenty-five and thirty-six hundredths (25.36) acre tract of land conveyed by Herbert Bulkley Praed, et al. to George E. Snidecor, Trustee, by Deed recorded on Page 73 In Book 350 of Deeds in the Office of the County Recorder of said Riverside County, and distant Northerly, when measured along said Westerly line, five hundred two and twenty-three hundredths (502.23) feet, more or less, from the Southwest comer of said twenty-five and thirty-six hundredths (25.36) acre tract of land; Thence from said Point of Beginning Easterty along a l 0 railway curve concave Northerly (a tangent to said curve at said Point of Beginning having a bearing of South 85°14•55• East) two hundred fifteen and thirteen hundredths (215.13) feet to Engineers Station 2282+14.05 of said surveyed center line, said Station 2282+14.0S being at the end of said curve; Thence South 87°24' East one thousand eighty-six and ninety-four hundredths (1086.94) feet to Engineers Station 2293+00.99 of said surveyed center line, said Station 2293+00.99 being at the beginning of a 3° tapered railway curve concave Southwesterly; Thence Southeasterly along said 3° tapered railway curve three hundred forty-three and forty-seven hundredths (343.47) feet to Engineers Station 2296+44.46 of said surveyed center line, said Station 2296+4.46 being In the Easterly line of the land described under head of Exception "F" in above mentioned Deed to El Sobrante Land Company, and distant Northerly three hundred sixty-six and nineteen hundredths (366.19) feet, more or less, from the Intersection of said Easterly line with the Northerly line of Quarry Street, as said Quarry Street In referred to in said Deed to El Sobrante Land Company; Thence continuing Southeasterly along said 3° curve, four hundred two and forty-two hundredths (402.42) feet to Engineers Station 2500+44.88 of said surveyed center line, said Station 2500+46.88 being In th~ Northerly line of East Sixth Street Addition, as per Map recorded on Page 42 in Book 8 of Maps, In the Office of the County Recorder of said Riverside County, and distant Westerly, when measured along said Northerly line, one hundred ten and eighty-eight hundredths (110.88) feet, more or less, from the Northeasterly comer of Lot 1 of said East Sixth Street Addition; Thence continuing southeasterly along said 3° tapered railway curve one hundred four and eleven hundredths (104.11) feet to Engineers Station 2301+50.99 of said surveyed center line, said Station 2301+50.99 being at the end of said 3° tapered railway curve; Thence South 63°42' East seven and forty-four hundredths (7.44) feet to Engineers Station 2301+58.43 of said surveyed center line, said Station .2301+58.43 being In the Easterly line of above mentioned Lot 1 and distant Northerly one hundred thirty-six and ninety-two hundredths (136.92) feet, more or less, from the Southeasterly comer of said Lot 1; Thence continuing South 63°42' East two hundred thirty-six and fifty-two hundredths (236.52) feet to Engineers Station 2303+94.95 of said surveyed center line, said Station 2303+94.95 being In the Northerly line of said Quarry street and distant Easterly two hundred thirteen and forty-seven hundredths (213.47) feet, more or less, from the Intersection of said Northerly line of said Quarry Street with the Easterly line of said Lot l; Thence continuing South 63°42' East one hundred four and seventy hundredths (104.70) feet to Engineers Station 2304+99.65 of said Surveyed center line, said Station 2704+99.65 being in the Southerly line of said Quarry Street and distant Easterly three and forty-five hundredths (3.45) feet, more or less, from the North EXHIBIT A, PAGE2 . ' EXHIBIT A (Continued) Westerly comer of that certain forty-nine and fifty-five hundredths {49.55) acre trad of land described In Deed recorded on Page 263 In Book 296 of Deeds, In the Office of the County Recorder of said Riverside County; Thence continuing South 63°42' East one thousand two hundred thirty-four and nlnety•elght hundredths {1234.98) feet to Engineers Station 2317+34.63 of said surveyed center line, said Station 2317+34.63 being at the beginning of a 3° tapered railway curve concave Northeasterly; Thence Southeasterly along said last mentioned 3° tapered curve seven hundred ninety-four and forty-four hundredths (794.44) feet to Engineers Station 2325+29.07 of said surveyed center line, said Station 2325+29.07 being at the end of said last mentioned 3° curve; Thence South 85°44' East six hundred sbcty-two and forty-nine hundredths (662.49) feet to Engineers Station 2331+91.56 of said surveyed center line, said Station 2331+91.56 being In the Northeasterly line of said forty-nine and fifty-five hundredths (49.55) acre tract of land and distant Northwesterly, when measured along said Northeasterly line, three hundred five and two hundredths (305.02) feet, more or less, from a point In said Northeasterly line, which Is described In said last mentioned Deed as being North 45°40' West two hundred eighty-nine and seventy-five hundredths (289.75) feet from a point which is described In said tast mentioned Deed as being North 6°18' East one hundred eleven and two tenths (111.2) feet from the Southeasterly corner of said forty-nine and fifty-five hundredths (49.55) acre tract of land; Thence continuing South 85°44' East three hundred nine and ninety-seven hundredths (309.97) feet to Engineers Station 2333+01.53 of said suiveyed center line, said Station 2333+o1.53 being In the. Southwesterly line of that certain fifty-seven and nine tenths (57.9) acre tract of land conveyed by Wiiiiam Henry Chemlcale, et ux. to Chas D. Ackerman, by Deed recorded on Page 65 In Book 358 of Deeds, in the Office of the County Recorder of said Riverside County, and distant Northwesterly, when measure along said Southwesterly Hne three hundred seventy four and ninety-nine hundredths (374.99) feet, more or less, from a point in the boundary line of said fifty-seven and nine-tenths (57.9) acre trad of land, which Is described In said last mentioned Deed as being North 27°10'45" West three hundred fifty-one and seventy-four hundredths (351.74) feet from the Easterly corner of said fifty-seven and nine tenths (57.9) acre tract of land; Thence continuing South 85°44' five hundred seventy-six and ninety-seven hundredths (576.97) feet to Engineers Station 2340+78.50 of said surveyed center line, said Station 2340+78.50 being in the Easterly One of said fifty-seven and nine-tenths (57.9) acre trad of land and distant Northerly four hundred thirty-five and fifty-three hundredths (435.53) feet, more or less; from the Southeasterly corner of said fifty-seven and nine- tenths (57.9) acre tract of land; Thence continuing South 85°44' East twenty-four and four-tenths (24.4) feet to Engineers Station 2341+02.9 of said surveyed center llne, said Station 2341+02.9 being In the Westerly Hne of that certain six and ninety- seven hundreds (6.97) acre piece or parcel of land conveyed by William H. Alley, et ux, to Temescal Rock Company, by Deed recorded on Page 359 in Book 357 of Deeds, in the Office of the County Recorder of said Riverside County, and distant Northerly four hundred thirty-three and forty-seven hundredths (433.47) feet, more or less, from the intersection of said Westerly line of said six and ninety-seven hundredths (6.97) acre piece of parcel of land with the Southerly line of Section 29 in Township 3 South, and Range 6 West, of the San Bernardino Base Line and Meridian; Thence continuing South 85°44' East seventy-six and forty hundredths (76.40) feet to Engineers Station 2341+79.30 of said surveyed center line, said Station 2341+79.30 being in the Easterly boundary line of the fifty (50) foot right-of-way of the porphyry spur of the Atchison, Topeka and Santa Fe Railway, and distant Southerly, when measured along said Easterly line of said fifty (50) foot right-of-way said porphyry spur two hundred eighty-one and six tenths (281.6) feet, more or less, from the Intersection of said Easterly line of said fifty (50) foot right-of-way said porphyry spur with the Southwesterly line of that certain sixty-five (65) acre tract of land conveyed by lohn Fl~cher Mountlon et al. to Falrchlld-Gllmore-Wllton Company, ~y Deed recorded on Page 171 in Book 216 of Deeds In the Office of the County Recorder of said Riverside County; Thence continuing South 85°44' East one hundred seventy-two and forty hundredths (172.40) feet to Engineers Station 2343+51.70 of surveyed center line, said Station 2343+51.70 being in the Southwesterly line of above mentioned sixty-five '(65) acre trad of land and distant Northwesterly four hundred ninety-one an four tenths (491.4) feet, more or less, from the Southerly corner of said sixty-five (65) acre tract of land; Thence continuing South 85°44' East seven hundred eighty and twenty-nine hundredths (780.29) feet to Engineers Station 2351+31.99 of said surveyed center line, said St~tlon 2351+31.99 being tn the Southwesterly line of said sixty-five (65) acre tract of land, and distant Southwesterly fifty-six and sixty-five hundredths (56.65) feet, more or less, from the Intersection of said Southeasterly line of said sixty-five (65) acre tract of land with Northeasterly line of Lot 12 in Block 63 of the lands of the Riverside Land and Irrigation EXHIBIT A, PAGE3 . . EXHIBIT A (Continued) Company, as per Map recorded on Page 70 In Book 1 of Maps, in the Office of the County Recorder of San Bernardino County, California. Together with all interest In that part of said Quarry Street and those parts of all other public highways lying between said lines, which are parallel to and distant (40) feet on each side of the herelnbefore described suiveyed centerline of the Pacific Electric Railway. Excepting therefrom all that portion of East Sixth Street Addition as per Map recorded on Page 42 In Book 8 of Maps, In the Office of the County Recorder of Riverside County, Callfomla. And further excepting therefrom the land described In Deed to the State of California recorded September 19, 1961 as Instrument No. 80402 of Official Records of Riverside County, California. And further excepting therefrom that portion, If any, Included within the Temescal Creek Channel as disclosed by Record of Survey Map filed In Book 73, Pages 31 to 36 Inclusive of Maps, Records of Riverside County Callfomla. Also excepting any portion lying within Lot Line Adjustment No. 05·031 recorded December 23, 2005 as Instrument No. 05-1061875 of Official Records. Parcel B-2: A Lot, piece of parcel of land being particularly described as being all that portion of East Sixth Street Addition, as per plat recorded on Page 42 in Book 8 of Maps, in the Office of the County Recorder of said Riverside County, lying between lines, which are parallel to and distant forty (40) feet on each side of the following described surveyed center line of the Pacific Electric Railway, to-wit: Beginning at Engineers Station 2296+44.46 of said surveyed center fine, said Station 2296+44.46 being in the Easterly line of that certain twenty-five and thirty-six hundredths (25.36) acre tract of land conveyed by Herbert Buckley Praed, et al, to George E. Snldecor, Trustee, by Deed recorded on Page 73 tn Book 350 of Deeds In the Office of the County Recorder of said Riverside County, and distant Northerly three hundred sixty-six and nineteen hundredths (366.9) feet, more or less, from the Southeasterly comer of said twenty- five and thirty-six hundredths (25.36) acre tract of land; Thence from said Point of Beginning Southerly along a 3° railway curve concave to the Southwest (a tangent to said curve at said Point of Beginning having a bearing of South 77°59'45" East} four hundred two and forty· two hundredths (402.42) feet to Engineers Station 2300+46.88 of said surveyed center line, said Station 2300+46.88 being in the Northerly line of above mentioned East Sixth Street Addition, and distant Westerly, when measured along said Northerly line, one hundred ten and eighty-eight hundredths (110.88) feet, more or less, from the Northeast corner of Lot 1 of said East Sixth Street Addition; Thence continuing Southeasterly along said 3° curve forty-four and eleven hundredths {44.11) feet to Engineers Station 2300+90.99 of said surveyed center line, said Station 2300+90.99 being at a point compound curve; Thence Southeasterly along a 2° railway curve concave to the Southwest thirty (30) feet to Engineers Station 2301+20.99 of said surveyed center llpe, said Station 2301+20.99 being at a point of compound curve; Thence Southeasterly along a 1° railway curve concave to the Southwest thirty (30) feet to Engineers Station 2301+50.99 of said surveyed center line, said Station 2301+50.99 being at the end of said 1° curve; Thence South 63°42' East, seven ahd forty-four hundredths (7.44) feet to Engineers Station 2301+58.43 of said surveyed center line, said. Station 2301+58.43 being In the Easterly line of above mentioned Lot 1 and distant Northerly one hundred thirty-six and ninety-two hundredths (136.92) feet, more or less, from the Southeasterly comer of said Lot 1; Thence continuing South 63°42' East, two hundred thirty-six and fifty-two hundredths {236.52) feet to Engineers Station 2303+94.95, said Station 2303+94.95 being In the Northerly line of the Easterly continuation of Quarry Street as said Quarry Street Is shown on said recorded Map of said East Sixth Street Addition, and distant Easterly, when measured along said Northerly line of said Quarry Street, two hundred thirteen and forty-seven hundredths (213.47) feet, more or less, from the Southeast corner or above mentioned Lot 1. EXHIBIT A, PAGE4 . . EXHIBIT A (Continued) Also excepting any portion lying within Lot line Adjustment No. 05-031 recorded December 23, 2005 as Instrument No. 05-1061875 of Official Records. Parcel B-3: A strlp,/plece or parcel of land situate in the County of Riverside, State of callfomla and being a portion of that certain tract of land first described In Deed to E. J. Genereux, recorded on Page 186, In Book 400 of Deeds, in the Office of the County Recorder of said County of Riverside said strip, piece or parcel of land being more particularly described as follows, to-wit: Beginning at a point In the Northerly line of that certain strip of land eighty (80) foot In width conveyed by El Sobrante Land Company to the Pacific Electric Railway Company by Deed recorded on Page 289 In Book 385 of Deeds, In the Office of the County Recorder of said Riverside County, said point being Southeasterly one hundred ninety-one and sixty-one hundredths (191.61) feet, measured along the Northerly line of said strip of land eighty (80) feet in width from the point of Intersection of said line with the Easterly line of that certain eight and thirty-seven hundredths (8.37) acre tract of land conveyed by George E. Snidecor, Trustee, to Pacific Electric Land Company, by land recorded on Page 128, et seq., In Book 398 of Deeds In the. Office of the County Recorder of said Riverside County; . Thence from said Point of Beginning Southeasterly along the Northerly line of said strip of land eighty (80) feet In width, three hundred fifty-two and thirty-six hundredths (352.36) feet to a point; Thence North 63°42' West one hundred five and thirty-three hundredths (106.33) feet to a point; Thence North 55°32' West, forty-five and seventy-five hundredths (45.75) feet to the Point of f:\eginnlng of a curve concave to the Southwest and having a radius of four hundred sixty-eight and fifty-nine hundredths (468.59) feet; Thence Northwesterly along said curve sixty-six and seventy-nine hundredths (66. 79) feet to the end of said curve; Thence North 63°42' West one hundred thirty-three and seventy-three hundredths (133. 73) feet to a point: Thence South 26°18' West thirty-seven and ninety-nine hundredths (37 .99) feet to the Point of Beginning. Also e~cepting any portion lying within Lot Line Adjustment No. 05-031 recorded December 23, 2005 as Instrument No. 05-1061875 of Official Records. Parcel B-4: A strip, piece or parcel of land being a portion of that certain tract of land "First described in Deed to E. J. Genereux, recorded on Page 186, In Book 400 of Deeds, In the Office of the County Recorder of said County of Riverside, said strip, piece or parcel of land being more particularly described as follows, to-wit: Beginning at the Northeast comer of the certain eight and thirty-seven hundredths (8.37} acre tract of land conveyed by George E. Snldecor, Trustee, to Pacific Electric Land Company, by Deed recorded on Page 128 et seq. in Book 398, of Deeds In the Office of the County Recorder of said County of Riverside; Thence from said Point of Beginning South 44°25'45" East along the Easterly line of said Eight and thirty- seven hundredths (8.37) acre tract of land, four hundred twenty-six and eighty-nine hundredths (426.89) feet, more or less, tO the Northerly line of that certain strip of land eighty (80) feet In width conveyed by El Sobrante Land Company to Pacific Electric Railway Company, by Deed recorded on Page 289, Book 385 of Deeds, In the Office of the County Recorder of said Riverside County; Thence Easterly along the Northerly line of said strip of land eighty (80) feet in width, one hundred ninety-one and sixty-one hundredths (191.61) feet to a point; Thence North 26°18' East, thirty-seven and ninety-nine hundredths (37.99) feet to a point; Thence Northwesterly along a curve concave to the Northeast, and having a radius of eleven hundred forty-six and one hundredth (1146.01) feet, four hundred twenty-eight and seventy-nine hundredths (428.79) feet to the end of said curve; Thence North 42°15'37• West, ten hundred thirteen and thirty-seven hundredths (1013.37) feet, more or less to the Southerly line of the right-of-way of the Atchison, Topeka and Santa Fe Railroad Company; Thence Westerly along said Southerly line of said right-of-way of the Atchison, Topeka and Santa Fe Railway Company, one hundred forty-five and seventy-five hundredths (145.75) feet, more or less, to 11 p~int; EXHIBIT A, PAGES I' EXHIBIT A {Continued) Thence south 42°15'37" East (parallel to and eighty (80) feet Southwesterly from the certain line herein described as having a bearing of North 42°15'37" West) nine hundred eighty and eighty four hundredths (980.84) feet, more or less, to a point in the Northerly line of said eight and thirty-seven hundredths (8.37) acre trad: of land; Thence North 89°12'15" East along the Northerly line of said eight and thirty-seven hundredths (8.37) acre tract of land one and ninety-four hundredths (1.94) feet to the Place of Beginning. Excepting therefrom that portion of Section 30, Township 3 South, Range 6 West, In the Rancho El Sobrante de San Jacinto, Oty of Corona, County of Riverside, State of cantomla, as shown by Map on file In Book 7, Page 10 of Maps, Records of San Bernardino County, C81ifomia, described as follows: Beginning at the most Westerly comer of the land conveyed to the Pacific Electric Railway Company, by Deed recorded October 6, 1915 In Book 406, Page 385 of Deeds, Records of Riverside County, callfomia; Thence South 42°15•37• East, 491.61 feet on the southwest line of last said land; Thence North 78°14'31" East, 91.91 feet to the Northeasterly line of last said land; Thence North 42°15'37" West, 415.11 feet on said Northeasterly line to an angle point therein; Thence Northwest 145. 75 feet on said Northeasterly line to the Point of Beginning. Also except, all minerals and all mineral rights of every kind and character now known to exist or hereafter discovered underlying the property, Including, without limiting the generality of the foregoing, otl and gas and rights thereto, together with the sole, exclusive and perpetual right to explore for, remove and dispose of said minerals by any means or methods suitable to grantor, its successors and assigns; but without entering upon or using the surface of the property, and In such manner as not to damage the surface of the property, or to interfere with the use thereof by grantees, their heirs and assigns, as reserved in Deed recorded June 3, 2004 as Instrument No. 04-424182. Also excepting any portion lying within Lot Line Adjustment No. 05-031 recorded December 23, 2005 as Instrument No. 05-1061875 of Official Records. Parcel C: (Portion of New AP~llS-060-049) (Portion of Old APN 115-060-022) All of Parcel 2050-188, as shown on Records of Survey, Book 73, Pages 31 to 36 Inclusive, Records of Riverside County, California, within the City of Corona, County of Riverside, California, described as follo\Ns: Commencing at the most Southwesterly corner of Parcel 2050-lSA as shown on said Record of Survey, said comer also being on the Northerly right-of-way of Quarry Street as shown on said Record of Survey; Thence North 48°02'00• West, 49.41 feet along the Westerly right-of-way of said Parcel 2050-lSA to the Point of Beginning; Thence North 62°32'13" West 1.92 feet; Thence North 51°27'28° West, 571.67 feet; Thence North 35°01 '42" West, 529.02 feet to the most Northwesterly comer of said Parcel 2050-188; · Thence South 41°21'41" East, 489.39 feet to the beginning of a curve concave Northeasterly, having a radius of 4,000.00 feet; Thence southeasterly along the arc of said curve 457.64 feet, through a central angle of 06°40'19", to which a radial bears South 41°58'00" West; Thence South 48°02'00" East 129.01 feet to the Point of Beginning, as shown In Deed recorded June 30, 2004 as Instrument No. 04-507801. · Also excepting any portion lying within Lot Line Adjustment No. 05-031 recorded December 23, 2005 as Instrument No. 05-1061875 of Official Records. APN: 115-060-049-0 EXHIBIT A, PAGES ~ iii =i 1> ~ G'> m .... ; 11A!' WAS PREPARED fOR ASSESSIIDIT PllRPOSES OllL!. NO LIABILITY .SSllMED fOR THE ACCURACY Of 1lll: DATA SlfOMI. ASSESSOR'S PARCEL t«ll COMPLY WITH LOCAL LOT-SPLIT OR BUILDING SITE ORDINANCES. 117 2007 Li!D rev ~ ffi ASSESSQR'S UAP BKl15 PG.-06 Riverside CounlJ, Calif. eJaJ DATA: ST. llft 1 . II.IP RIY-43-& l.S. l.S. u:• 1-31 a.s. t / < POR.PSEC 30 T.3S.,R.6W C lTY OF CORONA ~ .... / / / ' / ' ' T.R.A. OOH18 f _rff'---------------___ , ~ -- ' l'OlllDT4 ' ' ' ' ' 1011/DTP ' ® 19A3ACMIL ' \ I I ' I ' I ',1 \l ,, I' ' I ' ® ~}~ 1 1 _~-~~~~~ :« i' ;!:>~~~ ' '·~ 'Ii u QUARRY I ---- \ -- ' WT• ~ ., sr~E!f ____ ----- ® MB 1/42--43 ASSESD'S M.4P NO. 31 RS 7l/31 REOORD OF SURVEY Mil 8/42 EAST SIXTH SlRRET ADD Jun 2007 ;:EO ·~ (; l~~-: 115-06 6-44 ,. = 200' ANGLE= D BLANK 15 Commission Request 1.The public interest and necessity require the proposed project; 2.The project is planned or located in a manner that will be most compatible with the greatest public good and the least private injury; 3.The real property to be acquired is necessary for the project;and 4.The offer of just compensation has been made to the property owner. THE COMMISSION IS REQUESTED TO MAKE THE FOLLOWING FINDINGS : PROJECT MAP Parcel Locations in the Project 2 1 PARCEL LIST 1.General Outdoor Advertising, a California Corporation 2.General Outdoor Advertising, a California Corporation OFFERS OF JUST COMPENSATION No.Ownership Offer Date 1 General Outdoor Advertising (CPN 22276)July 31, 2013 2 General Outdoor Advertising (CPN 22302)May 28, 2013 CONTACT SUMMARY MATRIX *These numbers do not include contacts made with legal counsel, which in some cases has been extensive. No.Ownership In Person Meetings Mailings Phone Contacts E-Mails Total 1 General Outdoor Advertising (CPN 22276)3 1 16 3 23 2 General Outdoor Advertising (CPN 22302)3 1 16 3 23 PARCEL 1 General Outdoor Advertising 115-060-016 ELECTRONIC SIGN PARCEL 2 General Outdoor Advertising 115-060-049 Staff Recommends: THE COMMISSION ADOPT A RESOLUTION OF NECESSITY BASED ON THE FOLLOWING FINDINGS: 1.The public interest and necessity require the proposed project; 2.The project is planned or located in a manner that will be most compatible with the greatest public good and the least private injury; 3.The real property to be acquired is necessary for the project;and 4.The offer of just compensation has been made to the property owner. AGENDA ITEM 8A RIVERSIDE COUNTY TRANSPORTATION COMMISSION DATE: March 12, 2014 TO: Riverside County Transportation Commission FROM: Budget and Implementation Committee Michele Cisneros, Finance Manager/Controller THROUGH: Anne Mayer, Executive Director SUBJECT: Quarterly Financial Statements BUDGET AND IMPLEMENTATION COMMITTEE AND STAFF RECOMMENDATION: This item is for the Commission to receive and file the Quarterly Financial Statements for the six months ended December 31, 2013. BACKGROUND INFORMATION: During the first six months of the fiscal year, staff monitored the revenues and expenditures of the Commission. The attached financial statements present the revenues and expenditures for the first six months of the fiscal year. Period closing accrual adjustments are not included for revenues earned but not billed and expenditures incurred for goods and services received but not yet invoiced, as such adjustments are normally made during the year-end closing activities. The operating statement shows the sales tax revenues for the second quarter at 30 percent of the budget. This is a result of Governmental Accounting Standards Board (GASB) Statement No. 33. GASB 33 requires sales tax revenues to be accrued for the period in which it is collected at the point of sale. The State Board of Equalization collects the Measure A funds and remits these funds to the Commission after the reporting period for the businesses. This creates a two-month lag in the receipt of revenues by the Commission. Accordingly, these financial statements reflect the revenues related to collections for October 2013. On a cash basis, the Measure A and Local Transportation Fund (LTF) sales tax revenues are 4.93 percent and 5.15 percent higher, respectively, than the same period last fiscal year. At the January 8 Commission meeting, staff presented the revised FY 2013/14 revenue projections and increased the Measure A and LTF revenues by $10 million and $4 million, respectively. These increased projected revenues are included in the sales tax revenues budget for this quarterly report. State Transit Assistance Fund initial receipts of $3.4 million for FY 2013/14 were received in November 2013. Staff will continue to monitor the trends in the sales tax receipts and report to the Commission any necessary adjustments. Federal, state, and local revenues are on a reimbursement basis. The Commission will receive these revenues as eligible project costs are incurred and invoiced to the respective agencies. Agenda Item 8A 17 Significant federal and state reimbursements are related to the Perris Valley Line and State Route 91 Corridor Improvement Project (SR-91 CIP) projects, which reimbursable costs are anticipated to occur during the last half of the fiscal year. During the FY 2013/14 budget process, the Commission took a conservative approach in estimating the Transportation Uniform Mitigation Fee (TUMF) revenues of $6.3 million passed through from Western Riverside Council of Governments (WRCOG). At the January 8 Commission meeting, staff presented the revised FY 2013/14 revenue projections and increased the TUMF revenues to $12 million, as reflected in this quarterly budget report. The Commission received TUMF receipts through October 2013. The budgeted balance of $423,400 relates to TUMF zone reimbursements from WRCOG for the 74/215 interchange project, of which the Commission received $17,489. Staff will invoice WRCOG for TUMF zone reimbursements as eligible expenditures are incurred in the third and fourth quarters. Other revenues include property management revenues generated from properties acquired in connection with the SR-91 CIP. The Commission took a conservative approach in estimating investment income for FY 2013/14 as a result of flat interest yields on investment balances. The investment losses reflected in the second quarter are related primarily to accrued interest due to sellers of investment securities that were purchased with SR-91 CIP financing proceeds. These amounts will be offset in future quarters when interest coupon payments are received. A portion of investment income related to the second quarter will be recorded in the third quarter. The expenditure categories are in line overall with the expectations of the budget with the following exception: • Professional services expenditures are not expected to exceed budget through the last half of FY 2013/14; • Support costs are under budget due to unused budget authority for station maintenance and repair as well as utilities; • Program operations reflect program management costs submitted through November 2013; • Special studies are under budget due to unused budget authority for project, planning, and monitoring and rail feasibility studies. The Commission will use the authority as the studies are developed; • Local streets and roads expenditures are related to the timing of Measure A sales tax revenues as previously explained. These financial statements reflect expenditures made to the local jurisdictions related to collections through October 2013; • Regional arterial expenditures primarily represent expenditures for the highways and regional arterial program administered by the Coachella Valley Association of Governments (CVAG). CVAG requests reimbursements from the Commission based on available funds and sufficient budget authority; Agenda Item 8A 18 • Capital outlay expenditures are under budget due to unexpended authority for hardware and software improvements and station security improvements; and • Operating transfers are slightly higher through the second quarter as a result of the completion of the 2013 financing for the SR-91 CIP and the transfer of 2013 sales tax revenue bond proceeds to retire commercial paper notes and fund capitalized interest and 2013 toll revenue bond proceeds to establish a debt service reserve fund and fund capitalized interest. In July 2013 the Commission completed the financing for the design and construction of the SR-91 CIP. The financing included the issuance of $462.2 million in sales tax revenue bonds and $176.7 million in toll revenue bonds, execution of a $421.1 million federal Transportation Infrastructure Finance and Innovation Act (TIFIA) loan with the U.S. Department of Transportation, and contribution of $136.5 million from the Commission during construction. A portion of the 2013 Sales Tax Bonds was used to retire $60 million of outstanding commercial paper notes with remaining proceeds to be used to pay a portion of the costs of the SR-91 CIP; capitalized interest on 2013 Sales Tax Bonds through December 1, 2017; and costs of issuance for the 2013 Sales Tax Bonds. The proceeds of the 2013 Toll Bonds were used to pay a portion of the costs of the SR-91 CIP; capitalized interest on the 2013 Toll Bonds through December 1, 2017; and costs of issuance for the 2013 Toll Bonds in addition to funding a debt service reserve of $17.7 million. The TIFIA loan will be used to pay eligible SR-91 CIP costs. The loan is a toll revenue bond (TIFIA Bond) that is subordinate to the 2013 Toll Bonds. Proceeds of the TIFIA Bond may be drawn upon after certain conditions have been met. The following list discusses the significant capital projects (i.e., total budgeted costs in excess of $5 million) and related status. Capital project expenditures are generally affected by lags in invoices submitted by contractors and consultants, as well as issues encountered during certain phases of the projects. The capital projects budgets tend to be based on aggressive project schedules. Highway Engineering/Construction/Design-Build/Right of Way/Land SR-91 High Occupancy Vehicle Lanes Project – Caltrans completed design work and expenditures remain within the budget authority. Utility relocation continues and the submittal of invoices for expenditures incurred to date continues to lag. Staff oversees right of way acquisition, which has been certified; one acquisition is still pending settlement. Construction began in April 2012 and is managed by Caltrans. 71/91 Interchange Project – The availability of federal earmark funds allowed the final design phase of work to move forward. A contract for the final design consultant was awarded at the February 2012 Commission meeting. Notice to proceed (NTP) was issued in March 2012 starting the final design phase. Final design was delayed due to the Army Corps of Engineers (ACOE) requirement for a new environmental assessment on pot holing on federal property. The ACOE also required preparation of an additional environmental assessment to cover project construction impacts on federal property resulting from the eastbound SR-91 to Agenda Item 8A 19 northbound SR-71 flyover connector. Right of way acquisition is expected to begin in the fourth quarter of FY 2013/14 and final design is expected to be completed during the second quarter of FY 2014/15. SR-91 CIP (design-build) – The Commission completed financing activities for this project including the issuance of sales tax and toll revenue bonds and execution of a TIFIA loan in July 2013. With the environmental document approved, full right of way acquisition work is underway including eminent domain proceedings and is expected to peak in FY 2013/14. Through the first half of FY 2013/14, the Commission completed all utility agreements for known private utility relocations and continues with several agency and railroad agreements remaining to be completed. A design-build contract was awarded in May 2013, and a limited NTP was issued concurrent with the contract award and included early deliverables and mobilization. Full NTP has been given and the contractor is proceeding. I-15 CIP – Staff is working with the consultant to finalize an updated schedule and budget for the revised project scope the Commission approved in January 2013. Staff is proceeding to develop a project report and environmental document. This project is expected to remain under budget as a result of the revised project scope. I-215 Central Widening Project from Scott Road to Nuevo Road – The NTP for construction was issued December 10, 2012, with the first working day starting in January 2013. Construction is on schedule. Rail Engineering/Construction/Right of Way/Land Perris Valley Line Project – Final design is complete, and the Federal Transit Administration awarded the Small Starts grant agreement funds. Major outstanding right of way acquisition activity continues for the station and layover facility at South Perris. A lawsuit brought by the Friends of Riverside Hills challenging elements of the California Environmental Quality Act document was settled in July 2013, and recorded in the FY 2012/13 financial statements. The construction contract has been given full NTP and construction has commenced. Attachment: Quarterly Financial Statements – December 2013 Agenda Item 8A 20 Revenues Sales tax 246,798,000$ 74,565,381$ (172,232,619)$ 30% Federal reimbursements 94,389,000 2,328,452 (92,060,548)2% State reimbursements 137,891,241 29,859,440 (108,031,801)22% Local reimbursements 2,954,400 116,911 (2,837,489)4% Transportation Uniform Mitigation Fee 12,423,400 2,970,516 (9,452,884)24% Other revenues 500,000 377,504 (122,496)76% Investment income (losses)4,026,500 1,584,730 (2,441,770)39% Total revenues 498,982,541 111,802,934 (387,179,607)22% Expenditures Salaries and benefits 7,949,400 3,673,875 4,275,525 46% Professional and support Professional services 17,868,700 4,741,786 13,126,914 27% Support costs 5,576,700 1,965,455 3,611,245 35% Total Professional and support costs 23,445,400 6,707,241 16,738,159 29% Projects and operations Program operations - general 20,105,400 4,154,910 15,950,490 21% Engineering 22,026,000 4,188,631 17,837,369 19% Construction 239,879,774 16,294,273 223,585,501 7% Design Build 217,750,000 77,238,409 140,511,591 35% Right of way/land 177,687,800 49,485,356 128,202,444 28% Operating and capital disbursements 122,723,000 59,798,349 62,924,651 49% Special studies 1,069,000 33,062 1,035,938 3% Local streets and roads 46,865,900 14,139,210 32,726,690 30% Regional arterials 27,471,000 4,838,448 22,632,552 18% Total projects and operations 875,577,874 230,170,648 645,407,226 26% Debt service Principal 86,100,000 60,000,000 26,100,000 70% Interest 41,075,800 20,303,770 20,772,030 49% Cost of issuance 7,051,300 7,050,855 445 100% Total debt service 134,227,100 87,354,625 46,872,475 65% Capital outlay 786,200 26,113 760,087 3% Total Expenditures 1,041,985,974 327,932,502 714,053,472 31% Excess revenues over (under) expenditures (543,003,433)(216,129,568)731,891,286 40% Other financing sources/(uses) Operating transfer in 637,010,565 321,787,683 (315,222,882)51% Operating transfer out (637,010,565)(321,787,681) 315,222,884 51% TIFIA loan proceeds 110,000,000 - (110,000,000)N/A Debt proceeds 632,158,000 638,854,602 6,696,602 101% Bond premium 68,616,000 38,328,774 (30,287,226)N/A Bond discount (2,433,300)(2,433,315) (15)N/A Total financing sources/(uses)808,340,700 674,750,063 133,590,637 83% Net change in fund balances 265,337,267 458,620,495 865,481,923 173% Fund balance July 1, 2013 590,821,600 622,186,895 31,365,295 105% Fund balance December 31 2013 856,158,867$ 1,080,807,390$ 896,847,218$ 126% QUARTERLY BUDGET VS ACTUAL RIVERSIDE COUNTY TRANPORTATION COMMISSION 2ND QUARTER FOR SIX MONTHS ENDED 12/31/2013 FY 2013/14 BUDGET 2ND QUARTER ACTUAL PERCENT UTILIZATION REMAINING BALANCE 21 BLANK Revenues Sales tax 1,120,000$ -$ 35,120,319$ 11,047,760$ 346,336$ 23,551,328$ 3,379,638$ -$ -$ -$ -$ -$ 74,565,381$ Federal reimbursements 3,450 122 941,180 - - - - - - - - 1,383,700 2,328,452 State reimbursements 17,019 985,504 28,856,917 - - - - - - - - - 29,859,440 Local reimbursements 51,214 5,503 60,194 - - - - - - - - - 116,911 Transportation Uniform Mitigation Fee - - 17,489 - - - - 2,953,027 - - - - 2,970,516 Other revenues 5,694 345 371,465 - - - - - - - - - 377,504 Investment income (losses)10,285 6,473 218,640 25,375 - 77,812 45,621 65,261 911,785 (749,128) 116,032 856,574 1,584,730 Total revenues 1,207,662 997,947 65,586,204 11,073,135 346,336 23,629,140 3,425,259 3,018,288 911,785 (749,128) 116,032 2,240,274 111,802,934 Expenditures Salaries and benefits 2,134,387 55,427 1,355,827 120 - - - 128,114 - - - - 3,673,875 Professional and support Professional services 421,272 125,211 3,625,257 - - - - 270,046 300,000 - - - 4,741,786 Support costs 1,563,808 109,009 292,014 - - - - 624 - - - - 1,965,455 Total Professional and support costs 1,985,080 234,220 3,917,271 - - - - 270,670 300,000 - - - 6,707,241 Projects and operations Program operations - general 583,219 1,006,453 2,427,489 5,755 - - - 131,994 - - - - 4,154,910 Engineering 750 - 3,108,926 - - - - 1,078,955 - - - - 4,188,631 Construction - - 13,217,199 - - - - 3,077,074 - - - - 16,294,273 Design Build - - 77,238,409 - - - - - - - - - 77,238,409 Right of way/land - - 42,863,323 - - - - 6,622,033 - - - - 49,485,356 Operating and capital disbursements 8,097,026 - 2,387,050 2,608,500 - 33,558,078 13,147,695 - - - - - 59,798,349 Special studies - - 33,062 - - - - - - - - - 33,062 Local streets and roads - - 9,926,158 3,866,716 346,336 - - - - - - - 14,139,210 Regional arterials - - 4,838,448 - - - - - - - - 4,838,448 Total projects and operations 8,680,995 1,006,453 151,201,616 11,319,419 346,336 33,558,078 13,147,695 10,910,056 - - - - 230,170,648 Debt service Principal - - - - - - - - 60,000,000 - - - 60,000,000 Interest - - - - - - - - 789 - - 20,302,981 20,303,770 Cost of issuance - - - - - - - - - 4,131,685 2,919,170 - 7,050,855 Total debt service - - - - - - - - 60,000,789 4,131,685 2,919,170 20,302,981 87,354,625 Capital outlay 12,345 - 13,768 - - - - - - - - - 26,113 Total Expenditures 12,812,807 1,296,100 156,488,482 11,319,539 346,336 33,558,078 13,147,695 11,308,840 60,300,789 4,131,685 2,919,170 20,302,981 327,932,502 Excess revenues over (under) expenditures (11,605,145) (298,153) (90,902,278) (246,404) - (9,928,938) (9,722,436) (8,290,552) (59,389,004) (4,880,813) (2,803,138) (18,062,707) (216,129,568) Other financing sources/(uses) Operating transfer in 8,214,390 - 93,038,548 - - - - 414,495 60,001,951 - - 160,118,299 321,787,683 Operating transfer out - - (7,979,836) - - (8,214,390) - - (5,928,271) (184,365,952) (113,915,532) (1,383,700) (321,787,681) TIFIA loan proceeds - - - - - - - - - - - - - Debt proceeds - - - - - - - - - 462,200,000 176,654,602 - 638,854,602 Bond premium - - - - - - - - - 38,328,774 - - 38,328,774 Bond discount - - - - - - - - - - (2,433,315) - (2,433,315) Total financing sources/(uses)8,214,390 - 85,058,712 - - (8,214,390) - 414,495 54,073,680 316,162,822 60,305,755 158,734,599 674,750,063 Net change in fund balances (3,390,755) (298,153) (5,843,566) (246,404) - (18,143,328) (9,722,436) (7,876,057) (5,315,324) 311,282,009 57,502,617 140,671,892 458,620,495 Fund balance July 1, 2013 12,840,351 7,482,078 294,464,723 27,356,273 556 105,242,957 55,693,488 67,306,789 36,097,201 4,477,116 - 11,225,363 622,186,895 Fund balance December 31 2013 9,449,596$ 7,183,925$ 288,621,157$ 27,109,869$ 556$ 87,099,629$ 45,971,052$ 59,430,732$ 30,781,877$ 315,759,125$ 57,502,617$ 151,897,255$ 1,080,807,390$ MEASURE A SALES TAX RIVERSIDE COUNTY TRANSPORTATION COMMISSION QUARTERLY BUDGET VS ACTUALS BY FUND 2ND QUARTER FOR SIX MONTHS ENDED 12/31/2013 SALES TAX BONDS DEBT SERVICE COMBINED TOTAL COMMERCIAL PAPER STATE TRANSIT ASSISTANCE TRANSPORTATION UNIFORM MITIGATION FEE (TUMF) TOLL REVENUE BONDSGENERAL FUND FSP/ SAFE WESTERN COUNTY PALO VERDE VALLEY COACHELLA VALLEY LOCAL TRANSPORTATION FUND 22 AGENDA ITEM 8B RIVERSIDE COUNTY TRANSPORTATION COMMISSION DATE: March 12, 2014 TO: Riverside County Transportation Commission FROM: Budget and Implementation Committee Theresia Trevino, Chief Financial Officer THROUGH: Anne Mayer, Executive Director SUBJECT: Quarterly Sales Tax Analysis BUDGET AND IMPLEMENTATION COMMITTEE AND STAFF RECOMMENDATION: This item is for the Commission to receive and file the sales tax analysis for Quarter 3 2013 (Q3 2013). BACKGROUND INFORMATION: At its December 2007 meeting, the Commission awarded an agreement to MuniServices, LLC (MuniServices) for quarterly sales tax reporting services plus additional fees contingent on additional sales tax revenue generated from the transactions and use tax (sales tax) audit services. As part of the recurring contracts process, the Commission approved a five-year extension through June 30, 2018. The services performed under this agreement pertain to only the Measure A sales tax revenues. Since the commencement of these services, MuniServices submitted an audit update, which reported findings generated and submitted to the State Board of Equalization (SBOE) for review and determination of errors in sales tax reporting related to 274 businesses. For April through June 2013 (Q2 2013), the SBOE approved corrections for 205 of these accounts for a total sales tax revenue recovery of $3,593,681. Updated amounts through Q3 2013 will be provided once received from MuniServices. If the SBOE concurs with the error(s) for the remaining claims, the Commission will receive additional revenues; however, the magnitude of the value of the remaining findings was not available. It is important to note that while the recoveries of additional revenues will be tangible, it will not be sufficient to alter the overall trend of sales tax revenues. Additionally, MuniServices provided the Commission with the quarterly sales tax summary report for the third quarter of calendar year 2013 (Q3 2013). Most of the Q3 2013 Measure A sales tax revenues were received by the Commission in the fourth quarter of calendar 2013, during October through December 2013, due to a lag in the sales tax calendar. The summary section of the Q3 2013 report is attached and includes an overview of California sales tax receipts, local results, historical cash collections analysis, summary of the top 25 sales tax contributors, historical sales tax amounts, sales tax by business category, economic trends for Agenda Item 8B 23 significant business category (auto sales-new), and results. The following observations were noted in the Q3 2013 report: • Sales tax receipts for Riverside County were flat compared to Q3 2012. While auto sales-new and building materials-wholesale receipts had significant increases in Q3 2013 compared to Q3 2012, staff noted lower receipts during the same period from certain energy-related companies, which may be attributable to solar developments in Riverside County. • Taxable transactions for the top 25 tax contributors in Riverside County, which generated 23 percent of the taxable sales for the year ended Q3 2013 compared to 24 percent for the year ended Q3 2012. The top 100 tax contributors generated 37 percent of the taxable sales for the year ended Q3 2013 compared to 38 percent for the year ended Q3 2012. • All six economic categories experienced increases in the Q3 2013 benchmark year compared to Q3 2012. Construction had the largest increase at 16.7 percent and has experienced significant increases for several recent quarters. The construction increase was primarily related to the building materials wholesale segment. The other top five economic categories had increases ranging from 1.7 percent to 7.1 percent. % of Total / % Change RCTC State Wide S.F. Bay Area Sacramento Valley Central Valley South Coast Inland Empire North Coast Central Coast General Retail 28.7 / 6.0 28.9 / 3.5 28.2 / 3.8 28.9 / 3.6 30.6 / 2.5 29.2 / 3.4 26.7 / 4.3 28.6 / 3.8 32.3 / 3.6 Food Products 15.9 / 4.3 19.3 / 4.5 20.3 / 6.3 16.4 / 2.3 16 / 2.3 20.1 / 4.2 16.3 / 4.1 18 / 2.9 30.4 / 2.6 Transportation 26.8 / 6.3 24.9 / 5.6 22.5 / 9.3 28.7 / 7.5 27.2 / 7.3 24.7 / 3.4 28 / 6.8 31.2 / 4.7 21.5 / 0.6 Construction 11.9 / 16.7 8.8 / 4.1 8.7 / 6 10.2 / 5.7 10.7 / 2.3 7.8 / 0.9 11.9 / 15.9 12.4 / 5.5 9.4 / 12.9 Business to Business 14.9 / 7.1 17 / 1.1 19.1 / -4.8 14.1 / 5.9 14.4 / 3.9 17.2 / 2.5 15.5 / 10.7 9 / 1.9 5.2 / -3.2 Miscellaneous 1.9 / 1.7 1.2 / -0.7 1.2 / 4.6 1.7 / 8 1.2 / 2.4 1 / -3.3 1.6 / -8.9 0.8 / -14.6 1.1 / 5.9 Total 100.0 / 7.0 100 / 3.8 100 / 3.9 100 / 5.1 100 / 3.9 100 / 3.2 100 / 7 100 / 3.7 100 / 3.1 General Retail: Apparel Stores, Department Stores, Furniture/Appliances, Drug Stores, Recreation Products, Florist/Nursery, and Misc. Retail Food Products: Restaurants, Food Markets, Liquor Stores, and Food Processing Equipment Construction: Building Materials Retail and Building Materials Wholesale Transportation: Auto Parts/Repair, Auto Sales - New, Auto Sales - Used, Service Stations, and Misc. Vehicle Sales Business to Business: Office Equip., Electronic Equip., Business Services, Energy Sales, Chemical Products, Heavy Industry, Light Industry, and Leasing Miscellaneous: Health & Government, Miscellaneous Other, and Closed Account Adjustments ECONOMIC CATEGORY ANALYSIS • For six of the top ten segments (department stores, auto sales-new, restaurants, building materials-wholesale, miscellaneous retail, and apparel stores), sales taxes reached a new high point during Q3 2013. These six segments represent 50.8 percent of the total sales tax receipts. The other four top ten segments (service stations, food markets, light industry, and building materials-retail) were under the high point, which occurred in one of the two prior quarters except for service stations which occurred in Q4 2012. These four segments represent 25.3 percent of the total sales tax receipts. Agenda Item 8B 24 • Service stations, department stores, and auto sales-new represent the three largest economic segments for Riverside County, or 32.6 percent of total sales taxes. This is the fourth consecutive quarter since Q3 2008 that auto sales-new has been in the top three economic segments, as the restaurants segment held that position since the recession. It should also be noted the growth seen in previous quarters for the service stations segment has been declining as shown by the 1.0 percent decrease for the year ended Q3 2013 due to lower gas prices. RCTC State Wide S.F. Bay Area Sacramento Valley Central Valley South Coast Inland Empire North Coast Central Coast Largest Segment Service Stations Restaurants Restaurants Department Stores Department Stores Restaurants Auto Sales - New Department Stores Restaurants % of Total / % Change 11.2 / -1.0 13.3 / 5.3 14.1 / 6.5 11.9 / 3.0 14.3 / 3.6 14.2 / 5.1 11.6 / 15.2 13.6 / 1.3 20.5 / 2.3 2nd Largest Segment Department Stores Department Stores Auto Sales - New Auto Sales - New Service Stations Department Stores Service Stations Service Stations Department Stores % of Total / % Change 10.9 / 4.4 10.5 / 3.6 9.5 / 20.8 11.4 / 18.9 11.9 / 0.2 10.2 / 3.6 11.2 / -1.5 13.3 / -1.9 9.7 / 15.1 3rd Largest Segment Auto Sales - New Auto Sales - New Department Stores Restaurants Restaurants Auto Sales - New Department Stores Restaurants Misc. Retail % of Total / % Change 10.5 / 15.1 10.1 / 14.7 9.3 / 3.9 10.4 / 4.5 9.6 / 4.2 10.2 / 11.8 10.4 / 2.7 9.6 / 4.6 9.6 / -0.3 ECONOMIC SEGMENT ANALYSIS During the review of the Q3 2013 detailed report with MuniServices, information regarding sales tax comparisons by city and change by economic category from Q3 2012 to Q3 2013 was provided. Jurupa Valley, as a newly incorporated city, will be listed when sufficient comparative information is available, which could occur in Q4 2013. Staff continues to monitor monthly sales tax receipts and other available economic data to determine the need for any adjustment to the revenue projections. Staff will utilize the forecast scenarios included with the complete report and recent trends in assessing such projections. Attachments: 1) Sales Tax Analysis Q3 2013 2) Sales Tax Comparison by City for Q3 2012 to Q3 2013 Agenda Item 8B 25 BLANK ATTACHMENT 1 26 27 28 29 Southern California: Sales Tax Comparison from Jul-Sept 2012 Sales to Jul-Sept 2013 Sales MuniServices, LLC General Retail Food Products Trans.Const.Business to Business Misc.Jul -Sept 2013 Total Jul - Sept 2012 Total % Chg Largest Gain 2nd Largest Gain Largest Decline 2nd Largest DeclineJurisdiction TRANSPORTATION AUTHORITY RCTC 4.7%2.1%7.0%17.1%-3.0%6.1%36,343,565 34,550,508 5.2%Bldg.Matls-Whsle Auto Sales - New Light Industry Bldg.Materials-Retail RIVERSIDE COUNTY Banning -2.7%-1.2%8.6%6.6%27.6%-76.4%429,190 413,171 3.9%Service Stations Auto Sales - Used Food Markets Miscellaneous Other Beaumont 6.7%0.4%6.6%10.3%-0.3%30.3%839,913 798,175 5.2%Misc. Vehicle Sales Department Stores Service Stations Heavy Industry Blythe 2.2%8.8%10.2%-41.4%-2.2%168.6%407,144 406,928 0.1%Auto Sales - New Restaurants Bldg.Matls-Whsle Energy Sales Calimesa -4.4%-5.4%0.8%35.2%11.6%11.6%154,667 156,937 -1.4%Chemical Products Service Stations Restaurants Food Markets Canyon Lake 7.8%-41.1%194.5%-17.2%189.7%-4.9%36,923 38,752 -4.7%Service Stations Department Stores Liquor Stores Food Markets Cathedral City 5.5%-3.1%22.2%7.9%3.9%3.5%1,683,825 1,479,192 13.8%Auto Sales - New Misc. Vehicle Sales Business Services Food Markets Coachella -0.8%1.0%-1.8%27.5%9.5%-20.9%726,440 718,081 1.2%Bldg.Matls-Whsle Light Industry Service Stations Auto Sales - Used Corona 4.3%1.7%1.8%23.7%-3.5%-5.9%7,953,321 7,458,132 6.6%Bldg.Matls-Whsle Auto Sales - New Light Industry Chemical Products Desert Hot Springs -5.3%-1.1%3.6%343.9%19.5%-12.2%319,788 297,356 7.5%Bldg.Matls-Whsle Service Stations Apparel Stores Department Stores Eastvale 3.9%1.7%-1.0%11.2%-1.3%51.4%1,286,212 1,250,557 2.9%Bldg.Matls-Whsle Miscellaneous Retail Bldg.Matls-Retail Electronic Equipment Hemet 0.5%0.8%20.4%-33.9%4.8%-17.3%2,216,088 2,078,459 6.6%Auto Sales - New Auto Parts/Repair Bldg.Matls-Retail Service Stations Indian Wells 39.0%-12.3%30.9%1367.3%-41.2%-91.8%91,692 96,534 -5.0%Miscellaneous Retail Bldg.Matls-Whsle Restaurants Business Services Indio 1.4%0.0%20.7%15.4%-1.5%28.6%1,800,473 1,631,752 10.3%Auto Sales - New Service Stations Light Industry Electronic Equipment La Quinta -2.6%-0.1%11.2%-45.6%13.8%9.8%1,332,826 1,377,889 -3.3%Auto Parts/Repair Auto Sales - New Bldg.Matls-Retail Miscellaneous Retail Lake Elsinore 0.0%3.6%-3.4%12.6%11.8%-51.1%1,652,990 1,635,096 1.1%Bldg.Matls-Whsle Food Markets Bldg.Matls-Retail Service Stations Menifee 4.3%4.2%9.7%-69.3%15.0%-24.3%1,094,256 1,089,620 0.4%Misc. Vehicle Sales Restaurants Bldg.Matls-Retail Service Stations Moreno Valley 1.3%0.1%5.4%-13.5%-9.1%20.5%3,176,482 3,155,687 0.7%Auto Sales - New Bldg.Matls-Whsle Bldg.Matls-Retail Office Equipment Murrieta 7.2%2.6%18.3%-21.2%25.8%26.9%2,753,245 2,545,784 8.1%Auto Sales - New Misc. Vehicle Sales Bldg.Matls-Retail Florist/Nursery Norco 2.5%-0.1%12.6%18.6%14.2%0.9%1,181,156 1,087,130 8.6%Auto Sales - New Auto Sales - Used Service Stations Food Markets Palm Desert 1.5%7.2%10.3%6.1%1.2%24.3%2,864,248 2,760,230 3.8%Miscellaneous Retail Restaurants Bldg.Matls-Retail Furniture/Appliance Palm Springs 6.4%8.1%6.0%-2.9%2.9%-22.0%1,976,632 1,888,554 4.7%Restaurants Miscellaneous Retail Bldg.Matls-Retail Health & Government Perris -0.1%3.8%16.4%19.2%62.9%-20.6%1,842,845 1,597,114 15.4%Electronic Equipment Auto Sales - New Miscellaneous Other Light Industry Rancho Mirage 20.0%12.0%23.8%-1.5%8.4%9.6%795,360 698,972 13.8%Auto Sales - New Restaurants Misc. Vehicle Sales Bldg.Matls-Retail Riverside 3.0%3.5%9.1%14.7%10.7%-2.8%11,300,392 10,517,881 7.4%Auto Sales - New Bldg.Matls-Whsle Service Stations Miscellaneous Retail Riverside County 2.9%7.4%-3.7%22.4%-43.9%0.2%7,158,512 7,045,297 1.6%Bldg.Matls-Whsle Food Processing Eqp Business Services Electronic Equipment San Jacinto 2.1%-1.7%8.7%-6.7%-34.1%-25.0%507,059 504,173 0.6%Service Stations Auto Sales - Used Heavy Industry Food Markets Temecula -1.8%2.3%3.6%12.0%7.8%9.5%6,368,679 6,233,005 2.2%Auto Sales - New Energy Sales Light Industry Miscellaneous Retail Wildomar 7.1%-0.3%3.2%2.3%904.4%-14.8%318,212 303,000 5.0%Office Equipment Service Stations Food Markets Bldg.Matls-Whsle ATTACHMENT 2 30 BLANK AGENDA ITEM 8C BLANK RIVERSIDE COUNTY TRANSPORTATION COMMISSION DATE: March 12, 2014 TO: Riverside County Transportation Commission FROM: Budget and Implementation Committee Megan Kavand, Accounting Technician Anne Hallberg, Accounting Supervisor Theresia Trevino, Chief Financial Officer THROUGH: Anne Mayer, Executive Director SUBJECT: Quarterly Investment Report BUDGET AND IMPLEMENTATION COMMITTEE AND STAFF RECOMMENDATION: This item is for the Commission to receive and file the Quarterly Investment Report for the quarter ended December 31, 2013. BACKGROUND INFORMATION: For the past few years and as a result of a low interest rate environment, the Commission’s quarterly investment reports have reflected investments primarily concentrated in the Riverside County Pooled Investment Fund (RCPIF). Other investments included the state Local Agency Investment Fund and mutual funds. In connection with the issuance of sales tax revenue bonds and toll revenue bonds and the execution of Transportation Infrastructure Finance and Innovation Act (TIFIA) loan for the State Route 91 Corridor Improvement Project (SR-91 CIP), the Commission anticipated the need to engage an investment manager for the bond proceeds and other required funds. Additionally, the Commission desired to engage an investment manager to provide investment advisory and management services related to the Commission’s operating funds. Accordingly, at its May 2013 meeting, the Commission awarded two investment management services agreements to Logan Circle Partners, L.P. (Logan) for SR-91 CIP funds and to Payden & Rygel Investment Management (Payden & Rygel) for Commission operating funds. Logan invested the SR-91 CIP debt proceeds during the first quarter of FY2013/14 in the Short- Term Actively Managed Program (STAMP). Since most of the first quarter activity concentrated in the investment and accounting for the SR-91 CIP financing, Payden & Pygel has not yet been authorized to make specific investments for the Commission’s operating funds. The quarterly investment report for the second quarter of FY 2013/14 as required by state law and Commission policy reflects the investment and disbursement activities resulting from the SR-91 CIP. During the quarter ended December 31, 2013, the Commission expended Agenda Item 8C 31 approximately $55,191,000 and $12,811,000 of the SR-91 CIP debt proceeds for project costs and debt service payments, respectively. The quarterly investment report includes the following attachments: • Investment Portfolio Report • STAMP Portfolio by Investment Category • STAMP Portfolio by Account • STAMP Portfolio Transaction Report by Account • STAMP Portfolio Summary of investment by credit rating, industry group, asset class, security type and market sector • STAMP Portfolio Toll Revenue Project Senior Lien Fund Summary of investment by credit rating, industry group, asset class, security type and market sector • STAMP Portfolio Toll Revenue Project Sales Tax Revenue Fund Summary of investment by credit rating, industry group, asset class, security type and market sector • STAMP Portfolio Toll Revenue Series A and Series B Reserve Fund Summary of investment by credit rating, industry group, asset class, security type and market sector • STAMP Portfolio Toll Revenue Project Capitalized Interest Fund Summary of investment by credit rating, industry group, asset class, security type and market sector • STAMP Portfolio Sales Tax Revenue Capitalized Interest Fund Summary of investment by credit rating, industry group, asset class, security type and market sector • County of Riverside Investment Report for the Quarter Ended December 31, 2013 The Commission’s investments were in full compliance with the Commission’s investment policy adopted on June 7, 2012. Additionally, the Commission has adequate cash flows for the next six months. Attachments: 1) Investment Portfolio Report 2) STAMP Portfolio by Investment Category 3) STAMP Portfolio by Account 4) STAMP Portfolio Transaction Report by Account 5) STAMP Portfolio Summary of Investments 6) STAMP Portfolio Toll Revenue Project Senior Lien Fund Summary of Investments 7) STAMP Portfolio Toll Revenue Project Sales Tax Revenue Fund Summary of Investments 8) STAMP Portfolio Toll Revenue Series A & Series B Reserve Fund Summary of Investments 9) STAMP Portfolio Toll Revenue Project Capitalized Interest Fund Summary of Investments 10) STAMP Portfolio Sales Tax Revenue Capitalized Interest Fund Summary of Investments 11) County of Riverside Investment Report Agenda Item 8C 32 Riverside County Transportation Commission Investment Portfolio Report Period Ended: December 31, 2013 FAIR VALUE RATING MOODYS/FITCH/S&P COUPON RATE PAR VALUE PURCHASE DATE MATURITY DATE YIELD TO MATURITY PURCHASE COST MARKET VALUE UNREALIZED GAIN (LOSS) OPERATING FUNDS City National Bank Deposits 15,855,518 A3/BBB+N/A N/A County Treasurer's Pooled Investment Fund 377,538,547 Aaa-bf/AAA/V1 N/A 0.37% Local Agency Investment Fund (LAIF)3,622,859 Not Rated N/A N/A Subtotal Operating Funds 397,016,924 FUNDS HELD IN TRUST County Treasurer's Pooled Investment Fund: Local Transportation Fund 87,351,857 Aaa-bf/AAA/V1 N/A 0.37% Subtotal Funds Held in Trust 87,351,857 COMMISSION MANAGED PORTFOLIO US Bank Money Market 1 Aaa/AAAm N/A First American Government Obligation Fund 5,518,090 Aaa-bf/AAA/V1 N/A N/A Cost of Issuance Fund BNY Mellon Money Market 108,897 Subtotal Commission Managed Portfolio 5,626,989 STAMP PORTFOLIO for 91 CIP Toll Revenue Project Senior Lien Fund 57,393,719 Toll Revenue Project Sales Tax Revenue Fund 311,171,935 Series A & Series B Reserve Fund 17,652,657 Toll Revenue Project Capitalized Interest Fund 28,706,583 Sales Tax Revenue Capitalized Interest Fund 94,448,209 Subtotal STAMP Portfolio 509,373,102 TOTAL All Cash and Investments 999,368,871$ See attached report for details See attached report for details See attached report for details See attached report for details See attached report for details 0 50,000,000 100,000,000 150,000,000 200,000,000 250,000,000 300,000,000 350,000,000 400,000,000 1.77% 36.88% 12.32% 0.01% 0.55% 8.74% 39.73% STAMP Portfolio for 91 CIP Reserve STAMP Portfolio for 91 CIP Project Fund STAMP Portfolio for 91 CIP Capitalized Interest STAMP Portfolio for 91 CIP COI Commission Managed Portfolio Debt Reserve Trust Funds Operating Funds Nature of Investments 0.55% Mutual Funds 47.39% County Pool/Cash 0.33% LAIF 51.60% Fixed Income 0.12% Money Market Funds 0.02% Cash Portfolio Investment Type ATTACHMENT 1 33 BLANK Source Account Account Identifier Security Type Category Issuer Final Maturity Trade Date Current Face Value Original Cost Next Call Date Base Market Value Base Net Total Unrealized Gain/Loss Coupon Yield Summarized Credit Rating 347621 LC-Sr Lien Reserve Fund-1 313381H24 Agency Federal Home Loan Banks Office of Finance 01/16/2015 12/30/2013 530,000.00 530,296.80 --- 530,424.00 127.94 0.250 0.173 AAA 347621 LC-Sr Lien Reserve Fund-1 3137EADB2 Agency Federal Home Loan Mortgage Corporation 01/13/2022 07/05/2013 550,000.00 529,303.50 --- 525,778.00 (4,567.78) 2.375 2.996 AAA 347621 LC-Sr Lien Reserve Fund-1 3137EACA5 Agency Federal Home Loan Mortgage Corporation 03/27/2019 07/05/2013 800,000.00 875,900.00 --- 871,976.00 2,170.87 3.750 1.935 AAA 347625 LC-Project Fund-2 Senior Lien 3134G3JU5 Agency Federal Home Loan Mortgage Corporation 01/23/2017 10/10/2013 2,150,000.00 2,161,846.50 01/23/2014 2,152,623.00 117.01 2.250 0.251 AAA 347621 LC-Sr Lien Reserve Fund-1 3135G0KB8 Agency Federal National Mortgage Association 04/16/2019 08/01/2013 175,000.00 177,257.50 04/16/2014 176,016.75 92.38 2.750 0.749 AAA 347621 LC-Sr Lien Reserve Fund-1 3135G0JA2 Agency Federal National Mortgage Association 04/27/2017 07/05/2013 450,000.00 448,983.00 --- 451,750.50 2,638.91 1.125 1.006 AAA 347628 LC-PF-2 Sales Tax Revenue Bond 3133XCQE6 Agency CMO Federal Home Loan Banks Office of Finance 07/28/2015 08/13/2013 170,462.00 179,411.25 --- 180,354.59 1,668.09 5.250 0.796 AAA 347621 LC-Sr Lien Reserve Fund-1 31395K5G4 Agency CMO Federal Home Loan Mortgage Corporation 05/15/2033 07/08/2013 42,501.26 43,112.21 --- 42,961.04 7.98 5.000 1.917 AAA 347621 LC-Sr Lien Reserve Fund-1 3137B03W2 Agency CMO Federal Home Loan Mortgage Corporation 08/25/2017 07/31/2013 45,000.00 44,964.84 --- 45,141.30 177.50 1.426 1.299 AAA 347628 LC-PF-2 Sales Tax Revenue Bond 31395JS72 Agency CMO Federal Home Loan Mortgage Corporation 02/15/2019 07/09/2013 141,355.88 143,387.87 --- 142,185.21 (237.98) 4.500 1.073 AAA 347621 LC-Sr Lien Reserve Fund-1 3137AQT24 Agency CMO Federal Home Loan Mortgage Corporation 01/25/2019 10/21/2013 170,000.00 171,195.31 --- 169,304.70 (1,840.87) 2.130 2.195 AAA 347621 LC-Sr Lien Reserve Fund-1 3137AUPE3 Agency CMO Federal Home Loan Mortgage Corporation 06/25/2022 07/03/2013 235,000.00 220,358.40 --- 219,180.51 (1,846.29) 2.396 3.319 AAA 347621 LC-Sr Lien Reserve Fund-1 31395EZP5 Agency CMO Federal Home Loan Mortgage Corporation 08/15/2019 07/09/2013 206,858.88 218,850.23 --- 220,487.16 2,175.92 4.500 0.873 AAA 347621 LC-Sr Lien Reserve Fund-1 3137AEV77 Agency CMO Federal Home Loan Mortgage Corporation 05/25/2018 07/03/2013 251,000.00 258,314.30 --- 259,321.91 1,750.35 2.699 1.863 AAA 347628 LC-PF-2 Sales Tax Revenue Bond 31395MLT4 Agency CMO Federal Home Loan Mortgage Corporation 06/15/2019 07/15/2013 273,349.09 277,791.01 --- 275,645.77 (428.56) 4.500 0.889 AAA 347621 LC-Sr Lien Reserve Fund-1 31398VWC6 Agency CMO Federal Home Loan Mortgage Corporation 06/15/2028 07/08/2013 271,400.50 278,015.89 --- 275,996.12 (836.52) 7.000 3.218 AAA 347621 LC-Sr Lien Reserve Fund-1 3137A7E22 Agency CMO Federal Home Loan Mortgage Corporation 04/15/2028 07/08/2013 398,084.40 412,141.75 --- 414,286.04 2,715.29 3.500 1.412 AAA 347623 LC-Sr Lien Ob Fund-1 Interest 31393V2T7 Agency CMO Federal Home Loan Mortgage Corporation 06/15/2018 07/08/2013 417,578.70 441,654.72 --- 441,399.89 1,220.08 4.500 0.841 AAA 347623 LC-Sr Lien Ob Fund-1 Interest 3137ASNH3 Agency CMO Federal Home Loan Mortgage Corporation 09/25/2021 08/15/2013 464,798.44 452,597.48 --- 454,905.67 1,703.10 1.459 1.961 AAA 347621 LC-Sr Lien Reserve Fund-1 3137ASNH3 Agency CMO Federal Home Loan Mortgage Corporation 09/25/2021 07/03/2013 464,798.44 454,213.38 --- 454,905.67 (7.82) 1.459 1.961 AAA 347623 LC-Sr Lien Ob Fund-1 Interest 3137ANLP8 Agency CMO Federal Home Loan Mortgage Corporation 11/25/2016 07/09/2013 930,000.00 939,227.34 --- 942,982.80 5,263.42 1.655 1.089 AAA 205091001 LC-2013 A Capitalized Interest 31393V2T7 Agency CMO Federal Home Loan Mortgage Corporation 06/15/2018 07/08/2013 1,374,855.52 1,454,124.53 --- 1,453,291.03 4,022.53 4.500 0.840 AAA STAMP Portfolio by Category for quarter ended December 31, 2013 205091001 LC-2013 A Capitalized Interest 3137ANLP8 Agency CMO Federal Home Loan Mortgage Corporation 11/25/2016 07/08/2013 3,070,000.00 3,100,460.16 --- 3,112,857.20 17,374.91 1.655 1.089 AAA 347621 LC-Sr Lien Reserve Fund-1 31392JJ83 Agency CMO Federal National Mortgage Association 03/25/2018 07/08/2013 62,052.34 65,465.22 --- 65,962.44 782.17 5.000 0.556 AAA 347623 LC-Sr Lien Ob Fund-1 Interest 31393EXC8 Agency CMO Federal National Mortgage Association 09/25/2018 07/24/2013 77,610.69 82,049.06 --- 82,152.08 319.46 4.500 0.762 AAA 205091001 LC-2013 A Capitalized Interest 31392HWL3 Agency CMO Federal National Mortgage Association 02/25/2018 07/12/2013 87,331.63 92,189.45 --- 92,792.48 984.55 5.000 0.558 AAA 347621 LC-Sr Lien Reserve Fund-1 3136A7MJ8 Agency CMO Federal National Mortgage Association 12/25/2019 08/20/2013 175,000.00 172,402.34 --- 174,421.98 1,827.40 1.520 1.584 AAA 347623 LC-Sr Lien Ob Fund-1 Interest 3136A4M89 Agency CMO Federal National Mortgage Association 01/25/2019 07/05/2013 209,183.16 210,515.07 --- 210,745.55 368.61 1.934 1.692 AAA 205091001 LC-2013 A Capitalized Interest 31392BVM5 Agency CMO Federal National Mortgage Association 02/25/2017 07/11/2013 218,611.32 230,771.58 --- 229,992.23 566.97 5.500 0.566 AAA 347621 LC-Sr Lien Reserve Fund-1 3136A72D3 Agency CMO Federal National Mortgage Association 04/25/2022 07/03/2013 395,000.00 375,250.00 --- 371,820.22 (4,343.99) 2.482 3.298 AAA 205091001 LC-2013 A Capitalized Interest 31392FPP6 Agency CMO Federal National Mortgage Association 11/25/2017 07/15/2013 389,872.88 412,899.74 --- 412,586.87 1,339.20 5.000 0.560 AAA 205091001 LC-2013 A Capitalized Interest 31392F6C6 Agency CMO Federal National Mortgage Association 12/25/2017 07/09/2013 590,202.80 626,076.06 --- 625,361.18 1,958.26 5.000 0.560 AAA 205091001 LC-2013 A Capitalized Interest 3136A4M89 Agency CMO Federal National Mortgage Association 01/25/2019 07/05/2013 680,957.96 685,293.74 --- 686,044.72 1,200.62 1.934 1.692 AAA 205091001 LC-2013 A Capitalized Interest 31393EXC8 Agency CMO Federal National Mortgage Association 09/25/2018 07/24/2013 698,496.22 738,441.48 --- 739,372.22 2,878.69 4.500 0.762 AAA 347623 LC-Sr Lien Ob Fund-1 Interest 3136A8G38 Agency CMO Federal National Mortgage Association 08/25/2017 07/08/2013 903,047.83 889,713.76 --- 898,750.22 7,877.20 1.246 1.368 AAA 205091001 LC-2013 A Capitalized Interest 3136ACGF2 Agency CMO Federal National Mortgage Association 02/25/2016 07/15/2013 2,419,128.56 2,425,176.38 --- 2,433,619.14 9,579.95 1.083 0.750 AAA 205091001 LC-2013 A Capitalized Interest 3136A8G38 Agency CMO Federal National Mortgage Association 08/25/2017 07/08/2013 2,981,028.85 2,937,012.10 --- 2,966,839.15 26,000.24 1.246 1.368 AAA 347621 LC-Sr Lien Reserve Fund-1 38376LE39 Agency CMO The Government National Mortgage Association Guaranteed REMIC Pass-Through Securities 12/20/2038 07/08/2013 57,747.69 58,487.58 --- 60,110.03 1,758.57 4.000 -1.077 AAA 347621 LC-Sr Lien Reserve Fund-1 38377RVK8 Agency CMO The Government National Mortgage Association Guaranteed REMIC Pass-Through Securities 04/20/2039 07/03/2013 161,816.06 165,659.19 --- 166,281.70 787.69 3.000 2.196 AAA 347621 LC-Sr Lien Reserve Fund-1 38377JZ89 Agency CMO The Government National Mortgage Association Guaranteed REMIC Pass-Through Securities 10/20/2039 07/05/2013 248,267.89 255,861.40 --- 250,390.33 (5,380.81) 3.500 3.214 AAA 347621 LC-Sr Lien Reserve Fund-1 38378TAF7 Agency CMO The Government National Mortgage Association Guaranteed REMIC Pass-Through Securities 07/20/2041 07/05/2013 291,346.53 291,390.45 --- 286,940.49 (4,410.14) 2.500 2.826 AAA 347621 LC-Sr Lien Reserve Fund-1 38377UN20 Agency CMO The Government National Mortgage Association Guaranteed REMIC Pass-Through Securities 01/20/2040 07/08/2013 428,791.25 436,814.33 --- 436,521.92 220.96 3.000 1.970 AAA 205091001 LC-2013 A Capitalized Interest 3128H4NR6 Agency MBS Federal Home Loan Mortgage Corporation 05/01/2018 07/16/2013 184,971.09 195,953.74 --- 195,860.34 583.00 5.000 0.966 AAA 205091001 LC-2013 A Capitalized Interest 3128PHVS7 Agency MBS Federal Home Loan Mortgage Corporation 11/01/2019 07/16/2013 198,605.45 209,280.50 --- 210,325.16 1,558.97 5.000 0.672 AAA 205091001 LC-2013 A Capitalized Interest 3128MBTH0 Agency MBS Federal Home Loan Mortgage Corporation 03/01/2019 07/26/2013 223,313.30 236,712.09 --- 236,464.22 173.24 5.000 1.207 AAA 347621 LC-Sr Lien Reserve Fund-1 3128MMAK9 Agency MBS Federal Home Loan Mortgage Corporation 09/01/2019 07/08/2013 270,370.55 287,437.69 --- 286,346.75 (705.66) 5.000 1.764 AAA 347621 LC-Sr Lien Reserve Fund-1 3137A7JU5 Agency MBS Federal Home Loan Mortgage Corporation 11/25/2017 07/03/2013 325,000.00 351,203.13 --- 349,794.90 1,544.73 3.882 1.718 AAA 205091001 LC-2013 A Capitalized Interest 31294LPZ0 Agency MBS Federal Home Loan Mortgage Corporation 12/01/2016 07/05/2013 393,109.21 415,590.15 --- 413,763.17 (997.01) 6.000 1.261 AAA 205091001 LC-2013 A Capitalized Interest 3132FEAK7 Agency MBS Federal Home Loan Mortgage Corporation 12/01/2017 07/03/2013 392,649.50 416,085.77 --- 415,470.29 890.05 5.000 0.734 AAA 205091001 LC-2013 A Capitalized Interest 3128PGLY7 Agency MBS Federal Home Loan Mortgage Corporation 05/01/2017 07/17/2013 447,612.63 471,671.81 --- 473,811.40 4,753.37 5.000 0.459 AAA 205091001 LC-2013 A Capitalized Interest 3128GNR59 Agency MBS Federal Home Loan Mortgage Corporation 10/01/2016 07/05/2013 549,782.15 582,425.48 --- 571,388.59 (6,780.06) 6.000 2.279 AAA Page 2 of 30 ATTACHMENT 2 34 Source Account Account Identifier Security Type Category Issuer Final Maturity Trade Date Current Face Value Original Cost Next Call Date Base Market Value Base Net Total Unrealized Gain/Loss Coupon Yield Summarized Credit Rating STAMP Portfolio by Category for quarter ended December 31, 2013 347621 LC-Sr Lien Reserve Fund-1 31385XBG1 Agency MBS Federal National Mortgage Association 03/01/2018 09/13/2013 48,825.06 51,998.69 --- 51,585.63 (249.18) 6.000 1.565 AAA 347621 LC-Sr Lien Reserve Fund-1 31416YXJ2 Agency MBS Federal National Mortgage Association 08/01/2026 07/03/2013 84,872.82 88,864.49 --- 88,836.39 (14.56) 3.500 2.171 AAA 347621 LC-Sr Lien Reserve Fund-1 3136AEYG6 Agency MBS Federal National Mortgage Association 06/25/2018 11/20/2013 170,000.00 171,341.41 --- 169,741.09 (1,562.07) 1.825 1.838 AAA 347621 LC-Sr Lien Reserve Fund-1 3138EJ6V5 Agency MBS Federal National Mortgage Association 09/01/2026 11/18/2013 187,505.69 199,078.31 --- 198,769.90 (316.77) 4.000 2.184 AAA 347623 LC-Sr Lien Ob Fund-1 Interest 31402RBG3 Agency MBS Federal National Mortgage Association 09/01/2019 --- 188,984.08 202,713.35 --- 201,545.85 (295.65) 6.000 1.169 AAA 347621 LC-Sr Lien Reserve Fund-1 31417YKF3 Agency MBS Federal National Mortgage Association 01/01/2030 07/10/2013 227,489.21 240,001.12 --- 242,369.28 1,788.14 4.500 2.630 AAA 205091001 LC-2013 A Capitalized Interest 31410GSQ7 Agency MBS Federal National Mortgage Association 12/01/2017 07/05/2013 317,425.50 340,835.63 --- 337,474.09 (1,450.01) 6.000 1.139 AAA 347621 LC-Sr Lien Reserve Fund-1 31418AFW3 Agency MBS Federal National Mortgage Association 06/01/2022 07/10/2013 352,510.27 364,077.01 --- 365,676.52 2,016.90 3.000 1.654 AAA 347623 LC-Sr Lien Ob Fund-1 Interest 31385JLF3 Agency MBS Federal National Mortgage Association 08/01/2017 09/18/2013 397,578.25 424,414.78 --- 418,359.67 (5,140.24) 6.000 1.778 AAA 347621 LC-Sr Lien Reserve Fund-1 3136A4M48 Agency MBS Federal National Mortgage Association 01/25/2022 07/05/2013 441,836.92 443,079.58 --- 442,921.62 (18.60) 2.098 2.013 AAA 205091001 LC-2013 A Capitalized Interest 31402QT68 Agency MBS Federal National Mortgage Association 10/01/2019 07/11/2013 582,156.80 628,911.27 --- 621,009.94 (5,414.57) 6.000 1.634 AAA 205091001 LC-2013 A Capitalized Interest 31402RBG3 Agency MBS Federal National Mortgage Association 09/01/2019 --- 646,298.26 693,183.58 --- 689,257.70 (972.11) 6.000 1.169 AAA 205091001 LC-2013 A Capitalized Interest 31381QLL8 Agency MBS Federal National Mortgage Association 03/01/2016 07/11/2013 959,895.60 974,893.97 --- 964,743.07 (7,319.41) 3.295 3.013 AAA 205091001 LC-2013 A Capitalized Interest 31401MWC1 Agency MBS Federal National Mortgage Association 06/01/2018 07/12/2013 1,325,338.84 1,413,142.53 --- 1,410,399.09 6,787.35 4.500 0.566 AAA 205091001 LC-2013 A Capitalized Interest 36200AFG9 Agency MBS Government National Mortgage Association 11/15/2017 07/09/2013 115,604.41 123,190.95 --- 123,955.67 1,069.74 5.500 0.408 AAA 205091001 LC-2013 A Capitalized Interest 36290WH47 Agency MBS Government National Mortgage Association 09/15/2018 07/18/2013 1,834,444.96 1,949,097.78 --- 1,958,655.23 9,008.97 4.500 0.641 AAA 205091001 LC-2013 A Capitalized Interest 38376GWZ9 Agency MBS The Government National Mortgage Association Guaranteed REMIC Pass-Through Securities 08/16/2031 07/11/2013 2,653,567.32 2,655,433.11 --- 2,663,518.20 9,789.52 1.864 1.012 AAA 347628 LC-PF-2 Sales Tax Revenue Bond 02582JFY1 Asset Backed American Express Credit Account Master Trust 04/17/2017 07/05/2013 1,000,000.00 1,001,796.88 --- 1,002,341.00 1,272.02 0.867 0.541 AA 347628 LC-PF-2 Sales Tax Revenue Bond 05522RAY4 Asset Backed BA Credit Card Trust 08/15/2016 07/03/2013 3,100,000.00 3,092,492.19 --- 3,098,037.70 4,379.25 0.367 0.668 AA 347628 LC-PF-2 Sales Tax Revenue Bond 17308BAL2 Asset Backed Citibank Omni-S Master Trust 08/15/2018 --- 4,340,000.00 4,557,730.08 --- 4,466,511.00 1,792.35 5.350 0.644 AAA 347628 LC-PF-2 Sales Tax Revenue Bond 17308BAN8 Asset Backed Citibank Omni-S Master Trust 11/15/2018 07/11/2013 5,000,000.00 5,274,609.38 --- 5,183,205.00 3,310.93 4.900 0.676 AAA 347628 LC-PF-2 Sales Tax Revenue Bond 36159JCS8 Asset Backed GE Capital Credit Card Master Note Trust 01/15/2018 07/15/2013 2,295,000.00 2,304,682.03 --- 2,301,437.48 (308.93) 1.030 0.758 AAA 347628 LC-PF-2 Sales Tax Revenue Bond 36159JBT7 Asset Backed GE Capital Credit Card Master Note Trust 11/15/2017 07/11/2013 5,000,000.00 5,209,179.69 --- 5,135,395.00 (1,732.77) 3.800 0.684 AAA 347628 LC-PF-2 Sales Tax Revenue Bond 36159LBN5 Asset Backed GE Dealer Floorplan Master Not 07/20/2016 12/20/2013 135,000.00 135,221.48 --- 135,182.25 (32.81) 0.767 0.527 AAA 347623 LC-Sr Lien Ob Fund-1 Interest 36162WAC1 Asset Backed GE EQUIP TRANSN LLC SER 2013-1 11/25/2016 07/09/2013 925,000.00 921,964.84 --- 924,580.98 1,867.68 0.690 0.722 AAA 347623 LC-Sr Lien Ob Fund-1 Interest 36162RAB4 Asset Backed GE Equipment Small Ticket, L.L.C., Series 2012-1 11/21/2014 07/03/2013 126,923.90 126,993.32 --- 126,987.75 34.80 0.850 0.473 AAA 347628 LC-PF-2 Sales Tax Revenue Bond 36162RAB4 Asset Backed GE Equipment Small Ticket, L.L.C., Series 2012-1 11/21/2014 --- 443,472.12 443,724.56 --- 443,695.19 112.99 0.850 0.473 AAA 347628 LC-PF-2 Sales Tax Revenue Bond 36162RAC2 Asset Backed GE Equipment Small Ticket, L.L.C., Series 2012-1 09/21/2015 07/10/2013 6,000,000.00 6,018,984.38 --- 6,018,636.00 7,693.41 1.040 0.552 AAA 347628 LC-PF-2 Sales Tax Revenue Bond 43813TAD5 Asset Backed Honda Auto Receivables 2011-1 Owner Trust 04/17/2017 07/11/2013 3,314,027.81 3,338,883.01 --- 3,328,367.60 3,146.75 1.800 0.415 AAA 347628 LC-PF-2 Sales Tax Revenue Bond 43814AAC7 Asset Backed Honda Auto Receivables 2011-2 Owner Trust 03/18/2015 07/24/2013 58,520.94 58,594.10 --- 58,604.40 42.43 0.940 0.192 AAA 347628 LC-PF-2 Sales Tax Revenue Bond 43813XAB0 Asset Backed Honda Auto Receivables 2012-3 Owner Trust 12/15/2014 07/10/2013 345,122.60 345,122.59 --- 345,157.11 34.51 0.460 0.301 AAA 347628 LC-PF-2 Sales Tax Revenue Bond 43812XAB1 Asset Backed Honda Auto Receivables 2013-3 Owner Trust 01/15/2016 07/17/2013 6,000,000.00 5,999,910.60 --- 6,006,078.00 6,133.11 0.540 0.775 AAA 347623 LC-Sr Lien Ob Fund-1 Interest 47787BAC9 Asset Backed John Deere Owner Trust 2012 03/15/2016 07/05/2013 702,284.52 702,942.91 --- 703,275.45 512.38 0.750 0.486 AAA 347628 LC-PF-2 Sales Tax Revenue Bond 47787RAB6 Asset Backed John Deere Owner Trust 2012-B 02/17/2015 07/24/2013 52,150.51 52,132.17 --- 52,152.12 8.61 0.430 0.393 AAA 347628 LC-PF-2 Sales Tax Revenue Bond 55314QAC1 Asset Backed MMAF EQUIP FIN LLC 2012-A 08/10/2016 --- 4,154,000.00 4,164,610.32 --- 4,160,093.92 (1,127.49) 0.940 0.697 AAA 347628 LC-PF-2 Sales Tax Revenue Bond 55314MAC0 Asset Backed MMAF Equipment Finance LLC 2011-A 09/15/2015 07/10/2013 3,123,529.06 3,131,093.86 --- 3,127,127.37 (649.81) 1.270 0.649 AAA 347625 LC-Project Fund-2 Senior Lien 65475NAD0 Asset Backed Nissan Auto Lease Trust 2011-B 02/16/2015 07/11/2013 123,472.38 123,578.49 --- 123,505.59 (2.16) 0.920 0.550 AAA 347623 LC-Sr Lien Ob Fund-1 Interest 00279VCA1 Corporate Abbey National Treasury Services PLC 11/10/2014 07/05/2013 1,000,000.00 1,035,030.00 --- 1,027,310.00 4,746.12 3.875 0.678 A 347628 LC-PF-2 Sales Tax Revenue Bond 00279VCA1 Corporate Abbey National Treasury Services PLC 11/10/2014 07/05/2013 3,000,000.00 3,105,090.00 --- 3,081,930.00 14,238.35 3.875 0.678 A 347628 LC-PF-2 Sales Tax Revenue Bond 002799AK0 Corporate Abbey National Treasury Services PLC 04/25/2014 07/12/2013 5,000,000.00 5,088,500.00 --- 5,034,200.00 (1,727.12) 2.875 0.700 A 347623 LC-Sr Lien Ob Fund-1 Interest 02580ECC5 Corporate American Express Bank, FSB.09/13/2017 07/08/2013 250,000.00 287,890.00 --- 287,590.00 3,849.94 6.000 1.782 A 347628 LC-PF-2 Sales Tax Revenue Bond 0258M0CZ0 Corporate American Express Credit Corporation 08/25/2014 07/03/2013 6,124,000.00 6,430,200.00 --- 6,310,475.80 9,881.55 5.125 0.428 A 205091001 LC-2013 A Capitalized Interest 037833AF7 Corporate Apple Inc.05/03/2016 07/31/2013 3,000,000.00 3,000,840.00 --- 2,999,370.00 (1,345.09) 0.292 0.305 AA 347623 LC-Sr Lien Ob Fund-1 Interest 78387GAP8 Corporate AT&T Inc.09/15/2014 07/03/2013 1,300,000.00 1,367,613.00 --- 1,341,437.50 1,284.85 5.100 0.566 A 347628 LC-PF-2 Sales Tax Revenue Bond 78387GAP8 Corporate AT&T Inc.09/15/2014 07/03/2013 6,504,000.00 6,842,273.04 --- 6,711,315.00 6,428.21 5.100 0.566 A 347628 LC-PF-2 Sales Tax Revenue Bond 05531FAA1 Corporate BB&T Corporation 04/30/2014 07/09/2013 7,460,000.00 7,764,144.20 --- 7,588,610.40 4,181.78 5.700 0.514 A 347623 LC-Sr Lien Ob Fund-1 Interest 05565QCC0 Corporate BP Capital Markets P.L.C.11/06/2017 07/03/2013 300,000.00 292,194.00 --- 295,440.00 2,410.05 1.375 1.785 A 347628 LC-PF-2 Sales Tax Revenue Bond 05565QBL1 Corporate BP Capital Markets P.L.C.05/08/2014 07/10/2013 7,050,000.00 7,232,313.00 --- 7,127,479.50 (1,174.98) 3.625 0.502 A 347628 LC-PF-2 Sales Tax Revenue Bond 14912L4V0 Corporate Caterpillar Financial Services Corporation 05/20/2014 07/09/2013 6,445,000.00 6,501,071.50 --- 6,470,135.50 (49.21) 1.375 0.363 A 347623 LC-Sr Lien Ob Fund-1 Interest 172967FD8 Corporate Citigroup Inc.05/19/2015 07/03/2013 614,000.00 649,790.06 --- 646,081.50 5,419.58 4.750 0.939 A 347628 LC-PF-2 Sales Tax Revenue Bond 172967CK5 Corporate Citigroup Inc.05/05/2014 07/09/2013 3,228,000.00 3,333,232.80 --- 3,275,161.08 2,774.18 5.125 0.864 A 347628 LC-PF-2 Sales Tax Revenue Bond 22546QAA5 Corporate Credit Suisse AG 05/01/2014 07/08/2013 9,000,000.00 9,360,720.00 --- 9,146,700.00 (1,884.28) 5.500 0.595 A 347623 LC-Sr Lien Ob Fund-1 Interest 233851AT1 Corporate Daimler Finance North America LLC 01/11/2016 07/08/2013 500,000.00 497,995.00 --- 500,355.00 1,986.12 1.250 1.214 A 347628 LC-PF-2 Sales Tax Revenue Bond 233851AG9 Corporate Daimler Finance North America LLC 09/15/2014 07/08/2013 2,400,000.00 2,428,301.60 --- 2,420,760.00 3,864.33 1.875 0.644 A 347623 LC-Sr Lien Ob Fund-1 Interest 263534BX6 Corporate E. I. du Pont de Nemours and Company 03/15/2015 07/09/2013 950,000.00 1,014,068.00 --- 996,312.50 276.03 4.750 0.682 A Page 3 of 30 35 Source Account Account Identifier Security Type Category Issuer Final Maturity Trade Date Current Face Value Original Cost Next Call Date Base Market Value Base Net Total Unrealized Gain/Loss Coupon Yield Summarized Credit Rating STAMP Portfolio by Category for quarter ended December 31, 2013 347628 LC-PF-2 Sales Tax Revenue Bond 29250NAC9 Corporate Enbridge Inc.06/15/2014 07/08/2013 5,000,000.00 5,234,800.00 --- 5,116,500.00 1,590.69 5.800 0.668 A 347623 LC-Sr Lien Ob Fund-1 Interest 36962G3H5 Corporate General Electric Capital Corporation 09/15/2017 07/03/2013 300,000.00 340,212.00 --- 341,280.00 5,505.23 5.625 1.771 AA 347628 LC-PF-2 Sales Tax Revenue Bond 36962G4G6 Corporate General Electric Capital Corporation 11/14/2014 07/08/2013 3,000,000.00 3,118,200.00 --- 3,089,760.00 13,200.64 3.750 0.301 AA 347628 LC-PF-2 Sales Tax Revenue Bond 36962GK86 Corporate General Electric Capital Corporation 09/15/2014 07/09/2013 5,000,000.00 5,243,950.00 --- 5,156,700.00 10,838.08 4.750 0.299 AA 347628 LC-PF-2 Sales Tax Revenue Bond 370334BL7 Corporate General Mills, Inc.05/16/2014 07/10/2013 5,820,000.00 5,868,888.00 --- 5,843,920.20 2,089.02 1.550 0.451 A 205091001 LC-2013 A Capitalized Interest 44328MAL8 Corporate HSBC Bank PLC 05/24/2016 --- 3,625,000.00 3,799,301.25 --- 3,797,006.25 25,833.01 3.100 1.089 AA 347628 LC-PF-2 Sales Tax Revenue Bond 40428EJQ3 Corporate Hsbc Bank USA 04/01/2014 --- 13,486,000.00 13,871,230.45 --- 13,624,905.80 4,942.09 4.625 0.494 A 205091001 LC-2013 A Capitalized Interest 459200GX3 Corporate International Business Machines Corporation 07/22/2016 07/10/2013 465,000.00 477,936.30 --- 477,717.75 1,737.13 1.950 0.867 AA 347628 LC-PF-2 Sales Tax Revenue Bond 46625HHN3 Corporate JPMorgan Chase & Co.06/01/2014 07/08/2013 6,000,000.00 6,214,500.00 --- 6,105,060.00 5,400.00 4.650 0.438 A 347623 LC-Sr Lien Ob Fund-1 Interest 48121CYK6 Corporate JPMorgan Chase Bank, National Association 10/01/2017 07/03/2013 300,000.00 341,424.00 --- 343,236.00 6,296.00 6.000 1.991 A 347623 LC-Sr Lien Ob Fund-1 Interest 48121CJM9 Corporate JPMorgan Chase Bank, National Association 06/13/2016 07/11/2013 500,000.00 492,775.00 --- 497,375.00 3,451.34 0.574 0.787 A 347628 LC-PF-2 Sales Tax Revenue Bond 581557AW5 Corporate McKesson Corporation 02/15/2014 07/05/2013 4,575,000.00 4,736,131.50 --- 4,606,293.00 (1,368.79) 6.500 0.876 A 347628 LC-PF-2 Sales Tax Revenue Bond 59156RAH1 Corporate MetLife, Inc.06/15/2014 07/08/2013 2,087,000.00 2,181,269.79 --- 2,133,331.40 207.52 5.500 0.612 A 347628 LC-PF-2 Sales Tax Revenue Bond 59156RAW8 Corporate MetLife, Inc.02/06/2014 07/10/2013 8,100,000.00 8,184,969.00 --- 8,114,661.00 (230.75) 2.375 0.508 A 205091001 LC-2013 A Capitalized Interest 59217GAV1 Corporate Metropolitan Life Global Funding I 06/29/2015 07/31/2013 545,000.00 553,763.60 --- 553,191.35 1,297.76 1.700 0.687 AA 347623 LC-Sr Lien Ob Fund-1 Interest 59217GAC3 Corporate Metropolitan Life Global Funding I 09/29/2015 07/03/2013 740,000.00 766,284.80 --- 762,148.20 1,519.00 2.500 0.769 AA 347628 LC-PF-2 Sales Tax Revenue Bond 59217GAE9 Corporate Metropolitan Life Global Funding I 01/10/2014 07/09/2013 1,730,000.00 1,742,957.70 --- 1,730,588.20 (52.57) 2.000 0.634 AA 347623 LC-Sr Lien Ob Fund-1 Interest 61746BDG8 Corporate Morgan Stanley 02/25/2016 07/03/2013 500,000.00 496,725.00 --- 506,710.00 9,397.53 1.750 1.116 A 347628 LC-PF-2 Sales Tax Revenue Bond 61747WAD1 Corporate Morgan Stanley 01/24/2014 07/09/2013 9,070,000.00 9,164,146.60 --- 9,081,791.00 754.33 2.875 0.829 A 347628 LC-PF-2 Sales Tax Revenue Bond 67021CAB3 Corporate NSTAR Electric Company 04/15/2014 07/10/2013 7,900,000.00 8,161,332.00 --- 7,998,513.00 (1,118.76) 4.875 0.546 A 347623 LC-Sr Lien Ob Fund-1 Interest 69349LAL2 Corporate PNC Bank, National Association 04/29/2016 07/11/2013 500,000.00 499,180.00 04/29/2015 500,245.00 928.87 0.557 0.535 A 347628 LC-PF-2 Sales Tax Revenue Bond 693476BK8 Corporate PNC Funding Corp.05/19/2014 07/10/2013 4,970,000.00 5,074,916.70 --- 5,020,395.80 2,983.38 3.000 0.350 A 347628 LC-PF-2 Sales Tax Revenue Bond 74432QAE5 Corporate Prudential Financial, Inc.09/20/2014 07/09/2013 2,686,000.00 2,820,407.44 --- 2,771,790.84 4,749.61 5.100 0.642 A 205091001 LC-2013 A Capitalized Interest 21685WBL0 Corporate Rabobank Nederland 10/13/2015 07/03/2013 1,505,000.00 1,543,467.80 --- 1,543,798.90 8,438.83 2.125 0.668 AA 205091001 LC-2013 A Capitalized Interest 21686CAD2 Corporate Rabobank Nederland 01/19/2017 --- 2,000,000.00 2,103,900.00 --- 2,105,780.00 15,272.79 3.375 1.591 AA 347623 LC-Sr Lien Ob Fund-1 Interest 767201AM8 Corporate Rio Tinto Finance (USA) Limited 05/20/2016 07/03/2013 600,000.00 617,400.00 --- 618,756.00 4,218.81 2.500 1.167 A 205091001 LC-2013 A Capitalized Interest 78008K5V1 Corporate Royal Bank of Canada 04/19/2016 07/08/2013 2,000,000.00 2,099,900.00 --- 2,084,620.00 1,647.77 2.875 1.009 AA 205091001 LC-2013 A Capitalized Interest 822582AC6 Corporate Shell International Finance B.V.03/22/2017 07/08/2013 400,000.00 449,936.00 --- 446,824.00 3,143.69 5.200 1.469 AA 347628 LC-PF-2 Sales Tax Revenue Bond 88166DAA4 Corporate Teva Pharmaceutical Finance III BV 03/21/2014 07/24/2013 5,000,000.00 5,042,400.00 --- 5,014,800.00 677.72 1.700 0.382 A 347628 LC-PF-2 Sales Tax Revenue Bond 020002AR2 Corporate The Allstate Corporation 08/15/2014 07/05/2013 5,870,000.00 6,141,957.10 --- 6,032,340.72 7,845.69 5.000 0.541 A 347623 LC-Sr Lien Ob Fund-1 Interest 38144LAB6 Corporate The Goldman Sachs Group, Inc.09/01/2017 07/03/2013 300,000.00 322,515.00 --- 343,458.00 23,349.22 6.250 2.122 A 347623 LC-Sr Lien Ob Fund-1 Interest 38143USC6 Corporate The Goldman Sachs Group, Inc.02/07/2016 07/03/2013 600,000.00 627,936.00 --- 629,688.00 6,827.32 3.625 1.231 A 347628 LC-PF-2 Sales Tax Revenue Bond 38141GCM4 Corporate The Goldman Sachs Group, Inc.11/15/2014 07/08/2013 2,000,000.00 2,116,560.00 --- 2,084,500.00 8,861.18 5.500 0.634 A 347628 LC-PF-2 Sales Tax Revenue Bond 38141EA33 Corporate The Goldman Sachs Group, Inc.05/01/2014 07/09/2013 5,000,000.00 5,208,235.00 --- 5,089,300.00 3,182.56 6.000 0.625 A 205091001 LC-2013 A Capitalized Interest 742718DV8 Corporate The Procter & Gamble Company 08/15/2016 07/10/2013 1,240,000.00 1,256,033.20 --- 1,258,091.60 4,422.39 1.450 0.886 AA 347628 LC-PF-2 Sales Tax Revenue Bond 842587CE5 Corporate The Southern Company 05/15/2014 07/10/2013 2,100,000.00 2,160,648.00 --- 2,128,014.00 1,037.11 4.150 0.556 A 205091001 LC-2013 A Capitalized Interest 89114QAE8 Corporate The Toronto-Dominion Bank 10/19/2016 07/08/2013 750,000.00 776,452.50 --- 778,672.50 5,993.36 2.375 0.987 AA 205091001 LC-2013 A Capitalized Interest 89153VAC3 Corporate Total Capital International 06/28/2017 07/08/2013 160,000.00 157,765.60 --- 160,033.60 2,008.76 1.550 1.544 AA 347623 LC-Sr Lien Ob Fund-1 Interest 89233P6J0 Corporate Toyota Motor Credit Corporation 07/17/2015 07/03/2013 800,000.00 802,344.00 --- 804,912.00 3,119.69 0.875 0.475 AA 205091001 LC-2013 A Capitalized Interest 89233P6J0 Corporate Toyota Motor Credit Corporation 07/17/2015 07/03/2013 5,000,000.00 5,014,650.00 --- 5,030,700.00 19,498.05 0.875 0.475 AA 205091001 LC-2013 A Capitalized Interest 90327QCW7 Corporate USAA Capital Corporation 12/13/2016 07/11/2013 4,000,000.00 4,145,440.00 --- 4,100,720.00 (25,395.82) 2.250 1.377 AA 347628 LC-PF-2 Sales Tax Revenue Bond 92343VBA1 Corporate Verizon Communications Inc.03/28/2014 07/10/2013 13,833,000.00 13,974,926.58 --- 13,883,767.11 2,752.92 1.950 0.428 A 347623 LC-Sr Lien Ob Fund-1 Interest 928670AJ7 Corporate Volkswagen International Finance N.V.03/22/2015 07/08/2013 600,000.00 607,206.00 --- 606,768.00 1,572.03 1.625 0.698 A 347628 LC-PF-2 Sales Tax Revenue Bond 928670AD0 Corporate Volkswagen International Finance N.V.04/01/2014 07/09/2013 4,670,000.00 4,722,117.20 --- 4,670,980.70 (16,939.77) 1.875 1.782 A 347628 LC-PF-2 Sales Tax Revenue Bond 94974BET3 Corporate Wells Fargo & Company 10/01/2014 07/03/2013 3,500,000.00 3,628,730.00 --- 3,589,180.00 10,699.90 3.750 0.345 AA 347628 LC-PF-2 Sales Tax Revenue Bond 929903AJ1 Corporate Wells Fargo & Company 08/01/2014 07/05/2013 3,911,000.00 4,091,336.21 --- 4,017,332.27 6,589.82 5.250 0.574 A 347623 LC-Sr Lien Ob Fund-1 Interest 94980VAF5 Corporate Wells Fargo Bank, National Association 05/16/2016 07/11/2013 1,000,000.00 988,160.00 --- 990,660.00 566.71 0.448 0.851 A 347625 LC-Project Fund-2 Senior Lien 05635NA84 CP Bacardi Corporation 01/08/2014 12/23/2013 1,000,000.00 999,904.17 --- 999,927.00 (28.28) 0.000 0.376 AA 347628 LC-PF-2 Sales Tax Revenue Bond 1248C3AA2 CP CBS Corporation 01/10/2014 12/20/2013 3,000,000.00 2,999,655.00 --- 2,999,739.00 (88.50) 0.000 0.348 AA 347625 LC-Project Fund-2 Senior Lien 1248C3AA2 CP CBS Corporation 01/10/2014 12/20/2013 3,300,000.00 3,299,557.24 --- 3,299,712.90 (97.35) 0.000 0.348 AA 347628 LC-PF-2 Sales Tax Revenue Bond 17181BAN0 CP CIGNA Corporation 01/22/2014 12/23/2013 2,000,000.00 1,999,516.66 --- 1,999,666.00 4.34 0.000 0.287 AA 347625 LC-Project Fund-2 Senior Lien 17181BAN0 CP CIGNA Corporation 01/22/2014 12/23/2013 2,500,000.00 2,499,395.83 --- 2,499,582.50 5.42 0.000 0.287 AA 347625 LC-Project Fund-2 Senior Lien 2003A3AH7 CP Comcast Corporation 01/17/2014 12/17/2013 2,000,000.00 1,999,569.44 --- 1,999,734.00 (43.78) 0.000 0.299 AA 347628 LC-PF-2 Sales Tax Revenue Bond 2003A3AH7 CP Comcast Corporation 01/17/2014 12/17/2013 4,000,000.00 3,999,138.88 --- 3,999,468.00 (87.55) 0.000 0.299 AA 347628 LC-PF-2 Sales Tax Revenue Bond 20911MA72 CP Consolidated Edison Company of New York, Inc.01/07/2014 12/23/2013 500,000.00 499,962.50 --- 499,966.50 (18.50) 0.000 0.402 AA 347625 LC-Project Fund-2 Senior Lien 20911MA72 CP Consolidated Edison Company of New York, Inc.01/07/2014 12/23/2013 4,000,000.00 3,999,700.00 --- 3,999,732.00 (148.00) 0.000 0.402 AA Page 4 of 30 36 Source Account Account Identifier Security Type Category Issuer Final Maturity Trade Date Current Face Value Original Cost Next Call Date Base Market Value Base Net Total Unrealized Gain/Loss Coupon Yield Summarized Credit Rating STAMP Portfolio by Category for quarter ended December 31, 2013 347623 LC-Sr Lien Ob Fund-1 Interest 23333GA61 CP DTE Energy Company 01/06/2014 12/23/2013 600,000.00 599,958.00 --- 599,964.00 (21.00) 0.000 0.432 AA 347625 LC-Project Fund-2 Senior Lien 23333GA61 CP DTE Energy Company 01/06/2014 12/23/2013 4,000,000.00 3,999,720.00 --- 3,999,760.00 (140.00) 0.000 0.432 AA 347625 LC-Project Fund-2 Senior Lien 26244JA66 CP Duke Energy Corporation 01/06/2014 12/12/2013 2,000,000.00 1,999,694.44 --- 1,999,880.00 (58.89) 0.000 0.432 AA 347628 LC-PF-2 Sales Tax Revenue Bond 26244JA66 CP Duke Energy Corporation 01/06/2014 12/12/2013 8,000,000.00 7,998,777.76 --- 7,999,520.00 (235.55) 0.000 0.432 AA 347625 LC-Project Fund-2 Senior Lien 27743KA67 CP Eastman Chemical Company 01/06/2014 12/11/2013 1,800,000.00 1,799,623.01 --- 1,799,892.00 (35.50) 0.000 0.432 AA 347625 LC-Project Fund-2 Senior Lien 27743KA34 CP Eastman Chemical Company 01/03/2014 12/11/2013 1,800,000.00 1,799,666.50 --- 1,799,928.00 (43.00) 0.000 0.721 AA 347628 LC-PF-2 Sales Tax Revenue Bond 27743KA67 CP Eastman Chemical Company 01/06/2014 12/11/2013 8,200,000.00 8,198,282.59 --- 8,199,508.00 (161.73) 0.000 0.432 AA 347628 LC-PF-2 Sales Tax Revenue Bond 27743KA34 CP Eastman Chemical Company 01/03/2014 12/11/2013 8,200,000.00 8,198,480.70 --- 8,199,672.00 (195.89) 0.000 0.721 AA 347625 LC-Project Fund-2 Senior Lien 37790BA68 CP Glencore Funding LLC 01/06/2014 12/11/2013 1,375,000.00 1,374,553.13 --- 1,374,917.50 3.44 0.000 0.432 AA 347625 LC-Project Fund-2 Senior Lien 37790BAM3 CP Glencore Funding LLC 01/21/2014 12/23/2013 2,000,000.00 1,999,275.00 --- 1,999,680.00 180.00 0.000 0.288 AA 347628 LC-PF-2 Sales Tax Revenue Bond 37790BAM3 CP Glencore Funding LLC 01/21/2014 12/23/2013 8,000,000.00 7,997,100.00 --- 7,998,720.00 720.00 0.000 0.288 AA 347625 LC-Project Fund-2 Senior Lien 49455BAA0 CP Kinder Morgan Energy Partners, L.P.01/10/2014 12/20/2013 4,000,000.00 3,999,416.68 --- 3,999,652.00 (98.01) 0.000 0.348 AA 347625 LC-Project Fund-2 Senior Lien 57163UA89 CP Marriott International, Inc.01/08/2014 ---3,100,000.00 3,099,451.40 --- 3,099,773.70 (75.61) 0.000 0.376 AA 347623 LC-Sr Lien Ob Fund-1 Interest 65475MAF7 CP Nissan Motor Acceptance Corporation 01/15/2014 12/23/2013 750,000.00 749,870.63 --- 749,910.00 (11.25) 0.000 0.309 AA 347625 LC-Project Fund-2 Senior Lien 65475MAD2 CP Nissan Motor Acceptance Corporation 01/13/2014 12/17/2013 4,000,000.00 3,999,250.00 --- 3,999,572.00 (94.67) 0.000 0.321 AA 347628 LC-PF-2 Sales Tax Revenue Bond 65475MAD2 CP Nissan Motor Acceptance Corporation 01/13/2014 12/17/2013 4,000,000.00 3,999,250.00 --- 3,999,572.00 (94.67) 0.000 0.321 AA 347628 LC-PF-2 Sales Tax Revenue Bond 73754MA63 CP Potash Corporation of Saskatchewan Inc.01/06/2014 12/20/2013 3,600,000.00 3,599,678.02 --- 3,599,784.00 (101.01) 0.000 0.432 AA 347628 LC-PF-2 Sales Tax Revenue Bond 78573FAH2 CP Sabmiller Holdings Inc.01/17/2014 12/17/2013 2,000,000.00 1,999,550.00 --- 1,999,734.00 (26.00) 0.000 0.299 AA 347625 LC-Project Fund-2 Senior Lien 78573FAH2 CP Sabmiller Holdings Inc.01/17/2014 12/17/2013 4,000,000.00 3,999,100.00 --- 3,999,468.00 (52.00) 0.000 0.299 AA 347625 LC-Project Fund-2 Senior Lien 06538CA76 CP The Bank of Tokyo-Mitsubishi UFJ, Ltd.01/07/2014 12/31/2013 800,000.00 799,986.00 --- 799,959.20 (28.80) 0.000 0.306 AAA 347628 LC-PF-2 Sales Tax Revenue Bond 06538CA76 CP The Bank of Tokyo-Mitsubishi UFJ, Ltd.01/07/2014 12/31/2013 4,700,000.00 4,699,917.75 --- 4,699,760.30 (169.20) 0.000 0.306 AAA 347625 LC-Project Fund-2 Senior Lien 91842MAE2 CP VW Credit, Inc.01/14/2014 12/19/2013 2,750,000.00 2,749,503.46 --- 2,749,689.25 (62.48) 0.000 0.313 AA 347623 LC-Sr Lien Ob Fund-1 Interest 61747C715 MM Fund Morgan Stanley Institutional Liquidity Funds 12/31/2013 --- 0.00 175,465.97 --- 175,465.97 0.00 0.040 0.040 AAA 347621 LC-Sr Lien Reserve Fund-1 61747C715 MM Fund Morgan Stanley Institutional Liquidity Funds 12/31/2013 --- 0.00 948,139.64 --- 948,139.64 0.00 0.040 0.040 AAA 347628 LC-PF-2 Sales Tax Revenue Bond 61747C715 MM Fund Morgan Stanley Institutional Liquidity Funds 12/31/2013 12/30/2013 0.00 1,539,583.08 --- 1,539,583.08 0.00 0.040 0.040 AAA 347625 LC-Project Fund-2 Senior Lien 61747C715 MM Fund Morgan Stanley Institutional Liquidity Funds 12/31/2013 --- 0.00 8,881,730.06 --- 8,881,730.06 0.00 0.040 0.040 AAA 205091001 LC-2013 A Capitalized Interest 9AMMF05B2 MM Fund U.S. Bank Money Market Account Fund 12/31/2013 --- 0.00 2,589,541.64 --- 2,589,541.64 0.00 0.000 0.000 NA 205091001 LC-2013 A Capitalized Interest 184126YS3 Muni Clayton County Water Authority 05/01/2017 07/11/2013 770,000.00 755,939.80 --- 751,481.50 (6,113.66) 1.300 2.050 AA 347623 LC-Sr Lien Ob Fund-1 Interest 19648CAC5 Muni Colorado Housing and Finance Authority 05/15/2014 07/10/2013 930,000.00 932,892.30 --- 930,957.90 (315.63) 0.852 0.574 AA 347628 LC-PF-2 Sales Tax Revenue Bond 19648CAC5 Muni Colorado Housing and Finance Authority 05/15/2014 07/10/2013 9,850,000.00 9,880,633.50 --- 9,860,145.50 (3,343.00) 0.852 0.574 AA 347623 LC-Sr Lien Ob Fund-1 Interest 235219JS2 Muni Dallas, City of 02/15/2017 07/10/2013 650,000.00 650,000.00 --- 649,389.00 (611.00) 1.589 1.620 AA 205091001 LC-2013 A Capitalized Interest 235219JS2 Muni Dallas, City of 02/15/2017 07/10/2013 2,135,000.00 2,135,000.00 --- 2,157,268.05 22,268.05 1.589 1.247 AA 347623 LC-Sr Lien Ob Fund-1 Interest 407288YD5 Muni Hamilton, County of 12/01/2015 07/18/2013 630,000.00 630,000.00 --- 631,014.30 1,014.30 0.803 0.718 AA 205091001 LC-2013 A Capitalized Interest 407288YD5 Muni Hamilton, County of 12/01/2015 07/18/2013 2,080,000.00 2,080,000.00 --- 2,087,363.20 7,363.20 0.803 0.617 AA 347628 LC-PF-2 Sales Tax Revenue Bond 407288YD5 Muni Hamilton, County of 12/01/2015 07/18/2013 6,645,000.00 6,645,000.00 --- 6,655,698.45 10,698.45 0.803 0.718 AA 347628 LC-PF-2 Sales Tax Revenue Bond 64468EAZ3 Muni Labor, New Hampshire Department of 11/01/2020 07/03/2013 3,200,000.00 3,200,000.00 01/02/2014 3,200,000.00 0.00 0.140 ---AA 205091001 LC-2013 A Capitalized Interest 64966H4E7 Muni New York, City of 10/01/2017 07/12/2013 1,170,000.00 1,238,222.70 --- 1,222,029.90 (8,999.89) 3.140 1.905 AA 347621 LC-Sr Lien Reserve Fund-1 912833KR0 US Gov Treasury, United States Department of 05/15/2018 07/05/2013 380,000.00 353,517.80 --- 355,159.40 (918.46) 0.000 1.552 AAA 347621 LC-Sr Lien Reserve Fund-1 912828TJ9 US Gov Treasury, United States Department of 08/15/2022 07/05/2013 575,000.00 535,917.97 --- 522,399.00 (15,386.23) 1.625 2.828 AAA 347621 LC-Sr Lien Reserve Fund-1 912828KQ2 US Gov Treasury, United States Department of 05/15/2019 07/05/2013 500,000.00 539,902.34 --- 532,812.50 (3,946.67) 3.125 1.836 AAA 347623 LC-Sr Lien Ob Fund-1 Interest 912828RX0 US Gov Treasury, United States Department of 12/31/2016 09/13/2013 950,000.00 945,212.89 --- 952,078.60 6,446.42 0.875 0.801 AAA 347623 LC-Sr Lien Ob Fund-1 Interest 912828UA6 US Gov Treasury, United States Department of 11/30/2017 07/05/2013 1,450,000.00 1,408,992.19 --- 1,413,750.00 350.59 0.625 1.282 AAA 205091001 LC-2013 A Capitalized Interest 912828UA6 US Gov Treasury, United States Department of 11/30/2017 07/05/2013 2,250,000.00 2,186,367.19 --- 2,193,750.00 544.01 0.625 1.282 AAA 347623 LC-Sr Lien Ob Fund-1 Interest 912828VG2 US Gov Treasury, United States Department of 06/15/2016 07/05/2013 2,200,000.00 2,188,398.44 --- 2,197,756.00 7,461.12 0.500 0.542 AAA 347623 LC-Sr Lien Ob Fund-1 Interest 912828SY7 US Gov Treasury, United States Department of 05/31/2017 07/05/2013 3,000,000.00 2,945,039.06 --- 2,960,850.00 9,103.59 0.625 1.015 AAA 347621 LC-Sr Lien Reserve Fund-1 912828VB3 US Gov Treasury, United States Department of 05/15/2023 07/05/2013 3,500,000.00 3,253,085.94 --- 3,154,655.00 (109,198.72) 1.750 2.963 AAA 347621 LC-Sr Lien Reserve Fund-1 912828VK3 US Gov Treasury, United States Department of 06/30/2018 07/05/2013 3,500,000.00 3,483,730.47 --- 3,473,470.00 (11,784.53) 1.375 1.550 AAA 205091001 LC-2013 A Capitalized Interest 912828VG2 US Gov Treasury, United States Department of 06/15/2016 07/05/2013 10,200,000.00 10,146,210.94 --- 10,189,596.00 34,592.46 0.500 0.542 AAA 205091001 LC-2013 A Capitalized Interest 912828SY7 US Gov Treasury, United States Department of 05/31/2017 07/05/2013 12,000,000.00 11,780,156.25 --- 11,843,400.00 36,414.35 0.625 1.015 AAA 205091001 LC-2013 A Capitalized Interest 912828RU6 US Gov Treasury, United States Department of 11/30/2016 07/05/2013 12,000,000.00 11,989,218.75 --- 12,038,400.00 47,647.36 0.875 0.764 AAA 347628 LC-PF-2 Sales Tax Revenue Bond 64468EAY6 VRDN Labor, New Hampshire Department of 11/01/2020 11/04/2013 4,190,000.00 4,190,000.00 01/02/2014 4,190,000.00 0.00 0.140 0.140 AA 347625 LC-Project Fund-2 Senior Lien 97689RAH7 VRDN Wisconsin Housing and Economic Development Authority 04/01/2046 07/05/2013 1,815,000.00 1,815,000.00 01/02/2014 1,815,000.00 0.00 0.110 0.110 AAA 490,823,788.46 512,315,728.98 509,373,103.97 389,475.00 *Difference due to rounding ($1.48) Page 5 of 30 37 Source Account Account Identifier Security Type Category Issuer Final Maturity Trade Date Current Face Value Original Cost Next Call Date Base Market Value Base Net Total Unrealized Gain/Loss Coupon Yield Summarized Credit Rating 347621 LC-Sr Lien Reserve Fund-1 313381H24 Agency Federal Home Loan Banks Office of Finance 01/16/2015 12/30/2013 530,000.00 530,296.80 --- 530,424.00 127.94 0.250 0.173 AAA 347621 LC-Sr Lien Reserve Fund-1 3137EADB2 Agency Federal Home Loan Mortgage Corporation 01/13/2022 07/05/2013 550,000.00 529,303.50 ---525,778.00 (4,567.78) 2.375 2.996 AAA 347621 LC-Sr Lien Reserve Fund-1 3137EACA5 Agency Federal Home Loan Mortgage Corporation 03/27/2019 07/05/2013 800,000.00 875,900.00 --- 871,976.00 2,170.87 3.750 1.935 AAA 347621 LC-Sr Lien Reserve Fund-1 3135G0KB8 Agency Federal National Mortgage Association 04/16/2019 08/01/2013 175,000.00 177,257.50 04/16/2014 176,016.75 92.38 2.750 0.749 AAA 347621 LC-Sr Lien Reserve Fund-1 3135G0JA2 Agency Federal National Mortgage Association 04/27/2017 07/05/2013 450,000.00 448,983.00 --- 451,750.50 2,638.91 1.125 1.006 AAA 347621 LC-Sr Lien Reserve Fund-1 31395K5G4 Agency CMO Federal Home Loan Mortgage Corporation 05/15/2033 07/08/2013 42,501.26 43,112.21 --- 42,961.04 7.98 5.000 1.917 AAA 347621 LC-Sr Lien Reserve Fund-1 3137B03W2 Agency CMO Federal Home Loan Mortgage Corporation 08/25/2017 07/31/2013 45,000.00 44,964.84 --- 45,141.30 177.50 1.426 1.299 AAA 347621 LC-Sr Lien Reserve Fund-1 3137AQT24 Agency CMO Federal Home Loan Mortgage Corporation 01/25/2019 10/21/2013 170,000.00 171,195.31 ---169,304.70 (1,840.87) 2.130 2.195 AAA 347621 LC-Sr Lien Reserve Fund-1 3137AUPE3 Agency CMO Federal Home Loan Mortgage Corporation 06/25/2022 07/03/2013 235,000.00 220,358.40 ---219,180.51 (1,846.29) 2.396 3.319 AAA 347621 LC-Sr Lien Reserve Fund-1 31395EZP5 Agency CMO Federal Home Loan Mortgage Corporation 08/15/2019 07/09/2013 206,858.88 218,850.23 --- 220,487.16 2,175.92 4.500 0.873 AAA 347621 LC-Sr Lien Reserve Fund-1 3137AEV77 Agency CMO Federal Home Loan Mortgage Corporation 05/25/2018 07/03/2013 251,000.00 258,314.30 --- 259,321.91 1,750.35 2.699 1.863 AAA 347621 LC-Sr Lien Reserve Fund-1 31398VWC6 Agency CMO Federal Home Loan Mortgage Corporation 06/15/2028 07/08/2013 271,400.50 278,015.89 --- 275,996.12 (836.52) 7.000 3.218 AAA 347621 LC-Sr Lien Reserve Fund-1 3137A7E22 Agency CMO Federal Home Loan Mortgage Corporation 04/15/2028 07/08/2013 398,084.40 412,141.75 --- 414,286.04 2,715.29 3.500 1.412 AAA 347621 LC-Sr Lien Reserve Fund-1 3137ASNH3 Agency CMO Federal Home Loan Mortgage Corporation 09/25/2021 07/03/2013 464,798.44 454,213.38 --- 454,905.67 (7.82) 1.459 1.961 AAA 347621 LC-Sr Lien Reserve Fund-1 31392JJ83 Agency CMO Federal National Mortgage Association 03/25/2018 07/08/2013 62,052.34 65,465.22 --- 65,962.44 782.17 5.000 0.556 AAA 347621 LC-Sr Lien Reserve Fund-1 3136A7MJ8 Agency CMO Federal National Mortgage Association 12/25/2019 08/20/2013 175,000.00 172,402.34 --- 174,421.98 1,827.40 1.520 1.584 AAA 347621 LC-Sr Lien Reserve Fund-1 3136A72D3 Agency CMO Federal National Mortgage Association 04/25/2022 07/03/2013 395,000.00 375,250.00 ---371,820.22 (4,343.99) 2.482 3.298 AAA 347621 LC-Sr Lien Reserve Fund-1 38376LE39 Agency CMO The Government National Mortgage Association Guaranteed REMIC Pass-Through Securities 12/20/2038 07/08/2013 57,747.69 58,487.58 ---60,110.03 1,758.57 4.000 -1.077 AAA 347621 LC-Sr Lien Reserve Fund-1 38377RVK8 Agency CMO The Government National Mortgage Association Guaranteed REMIC Pass-Through Securities 04/20/2039 07/03/2013 161,816.06 165,659.19 --- 166,281.70 787.69 3.000 2.196 AAA 347621 LC-Sr Lien Reserve Fund-1 38377JZ89 Agency CMO The Government National Mortgage Association Guaranteed REMIC Pass-Through Securities 10/20/2039 07/05/2013 248,267.89 255,861.40 ---250,390.33 (5,380.81) 3.500 3.214 AAA The Government National Mortgage Association STAMP Portfolio by Account for quarter ended December 31, 2013 347621 LC-Sr Lien Reserve Fund-1 38378TAF7 Agency CMO Guaranteed REMIC Pass-Through Securities 07/20/2041 07/05/2013 291,346.53 291,390.45 ---286,940.49 (4,410.14) 2.500 2.826 AAA 347621 LC-Sr Lien Reserve Fund-1 38377UN20 Agency CMO The Government National Mortgage Association Guaranteed REMIC Pass-Through Securities 01/20/2040 07/08/2013 428,791.25 436,814.33 --- 436,521.92 220.96 3.000 1.970 AAA 347621 LC-Sr Lien Reserve Fund-1 3128MMAK9 Agency MBS Federal Home Loan Mortgage Corporation 09/01/2019 07/08/2013 270,370.55 287,437.69 --- 286,346.75 (705.66) 5.000 1.764 AAA 347621 LC-Sr Lien Reserve Fund-1 3137A7JU5 Agency MBS Federal Home Loan Mortgage Corporation 11/25/2017 07/03/2013 325,000.00 351,203.13 --- 349,794.90 1,544.73 3.882 1.718 AAA 347621 LC-Sr Lien Reserve Fund-1 31385XBG1 Agency MBS Federal National Mortgage Association 03/01/2018 09/13/2013 48,825.06 51,998.69 --- 51,585.63 (249.18) 6.000 1.565 AAA 347621 LC-Sr Lien Reserve Fund-1 31416YXJ2 Agency MBS Federal National Mortgage Association 08/01/2026 07/03/2013 84,872.82 88,864.49 --- 88,836.39 (14.56) 3.500 2.171 AAA 347621 LC-Sr Lien Reserve Fund-1 3136AEYG6 Agency MBS Federal National Mortgage Association 06/25/2018 11/20/2013 170,000.00 171,341.41 ---169,741.09 (1,562.07) 1.825 1.838 AAA 347621 LC-Sr Lien Reserve Fund-1 3138EJ6V5 Agency MBS Federal National Mortgage Association 09/01/2026 11/18/2013 187,505.69 199,078.31 --- 198,769.90 (316.77) 4.000 2.184 AAA 347621 LC-Sr Lien Reserve Fund-1 31417YKF3 Agency MBS Federal National Mortgage Association 01/01/2030 07/10/2013 227,489.21 240,001.12 --- 242,369.28 1,788.14 4.500 2.630 AAA 347621 LC-Sr Lien Reserve Fund-1 31418AFW3 Agency MBS Federal National Mortgage Association 06/01/2022 07/10/2013 352,510.27 364,077.01 --- 365,676.52 2,016.90 3.000 1.654 AAA 347621 LC-Sr Lien Reserve Fund-1 3136A4M48 Agency MBS Federal National Mortgage Association 01/25/2022 07/05/2013 441,836.92 443,079.58 --- 442,921.62 (18.60) 2.098 2.013 AAA 347621 LC-Sr Lien Reserve Fund-1 61747C715 MM Fund Morgan Stanley Institutional Liquidity Funds 12/31/2013 --- 0.00 948,139.64 ---948,139.64 0.00 0.040 0.040 AAA 347621 LC-Sr Lien Reserve Fund-1 912833KR0 US Gov Treasury, United States Department of 05/15/2018 07/05/2013 380,000.00 353,517.80 --- 355,159.40 (918.46) 0.000 1.552 AAA 347621 LC-Sr Lien Reserve Fund-1 912828TJ9 US Gov Treasury, United States Department of 08/15/2022 07/05/2013 575,000.00 535,917.97 ---522,399.00 (15,386.23) 1.625 2.828 AAA 347621 LC-Sr Lien Reserve Fund-1 912828KQ2 US Gov Treasury, United States Department of 05/15/2019 07/05/2013 500,000.00 539,902.34 ---532,812.50 (3,946.67) 3.125 1.836 AAA 347621 LC-Sr Lien Reserve Fund-1 912828VB3 US Gov Treasury, United States Department of 05/15/2023 07/05/2013 3,500,000.00 3,253,085.94 --- 3,154,655.00 (109,198.72) 1.750 2.963 AAA 347621 LC-Sr Lien Reserve Fund-1 912828VK3 US Gov Treasury, United States Department of 06/30/2018 07/05/2013 3,500,000.00 3,483,730.47 --- 3,473,470.00 (11,784.53) 1.375 1.550 AAA 17,652,656.42 347623 LC-Sr Lien Ob Fund-1 Interest 31393V2T7 Agency CMO Federal Home Loan Mortgage Corporation 06/15/2018 07/08/2013 417,578.70 441,654.72 --- 441,399.89 1,220.08 4.500 0.841 AAA 347623 LC-Sr Lien Ob Fund-1 Interest 3137ASNH3 Agency CMO Federal Home Loan Mortgage Corporation 09/25/2021 08/15/2013 464,798.44 452,597.48 --- 454,905.67 1,703.10 1.459 1.961 AAA 347623 LC-Sr Lien Ob Fund-1 Interest 3137ANLP8 Agency CMO Federal Home Loan Mortgage Corporation 11/25/2016 07/09/2013 930,000.00 939,227.34 --- 942,982.80 5,263.42 1.655 1.089 AAA 347623 LC-Sr Lien Ob Fund-1 Interest 31393EXC8 Agency CMO Federal National Mortgage Association 09/25/2018 07/24/2013 77,610.69 82,049.06 --- 82,152.08 319.46 4.500 0.762 AAA 347623 LC-Sr Lien Ob Fund-1 Interest 3136A4M89 Agency CMO Federal National Mortgage Association 01/25/2019 07/05/2013 209,183.16 210,515.07 --- 210,745.55 368.61 1.934 1.692 AAA 347623 LC-Sr Lien Ob Fund-1 Interest 3136A8G38 Agency CMO Federal National Mortgage Association 08/25/2017 07/08/2013 903,047.83 889,713.76 --- 898,750.22 7,877.20 1.246 1.368 AAA 347623 LC-Sr Lien Ob Fund-1 Interest 31402RBG3 Agency MBS Federal National Mortgage Association 09/01/2019 ---188,984.08 202,713.35 ---201,545.85 (295.65) 6.000 1.169 AAA 347623 LC-Sr Lien Ob Fund-1 Interest 31385JLF3 Agency MBS Federal National Mortgage Association 08/01/2017 09/18/2013 397,578.25 424,414.78 ---418,359.67 (5,140.24) 6.000 1.778 AAA 347623 LC-Sr Lien Ob Fund-1 Interest 36162WAC1 Asset Backed GE EQUIP TRANSN LLC SER 2013-1 11/25/2016 07/09/2013 925,000.00 921,964.84 --- 924,580.98 1,867.68 0.690 0.722 AAA 347623 LC-Sr Lien Ob Fund-1 Interest 36162RAB4 Asset Backed GE Equipment Small Ticket, L.L.C., Series 2012-1 11/21/2014 07/03/2013 126,923.90 126,993.32 --- 126,987.75 34.80 0.850 0.473 AAA 347623 LC-Sr Lien Ob Fund-1 Interest 47787BAC9 Asset Backed John Deere Owner Trust 2012 03/15/2016 07/05/2013 702,284.52 702,942.91 --- 703,275.45 512.38 0.750 0.486 AAA 347623 LC-Sr Lien Ob Fund-1 Interest 00279VCA1 Corporate Abbey National Treasury Services PLC 11/10/2014 07/05/2013 1,000,000.00 1,035,030.00 --- 1,027,310.00 4,746.12 3.875 0.678 A 347623 LC-Sr Lien Ob Fund-1 Interest 02580ECC5 Corporate American Express Bank, FSB.09/13/2017 07/08/2013 250,000.00 287,890.00 --- 287,590.00 3,849.94 6.000 1.782 A 347623 LC-Sr Lien Ob Fund-1 Interest 78387GAP8 Corporate AT&T Inc.09/15/2014 07/03/2013 1,300,000.00 1,367,613.00 --- 1,341,437.50 1,284.85 5.100 0.566 A 347623 LC-Sr Lien Ob Fund-1 Interest 05565QCC0 Corporate BP Capital Markets P.L.C.11/06/2017 07/03/2013 300,000.00 292,194.00 --- 295,440.00 2,410.05 1.375 1.785 A 347623 LC-Sr Lien Ob Fund-1 Interest 172967FD8 Corporate Citigroup Inc.05/19/2015 07/03/2013 614,000.00 649,790.06 --- 646,081.50 5,419.58 4.750 0.939 A Page 6 of 30 ATTACHMENT 3 38 Source Account Account Identifier Security Type Category Issuer Final Maturity Trade Date Current Face Value Original Cost Next Call Date Base Market Value Base Net Total Unrealized Gain/Loss Coupon Yield Summarized Credit Rating STAMP Portfolio by Account for quarter ended December 31, 2013 347623 LC-Sr Lien Ob Fund-1 Interest 233851AT1 Corporate Daimler Finance North America LLC 01/11/2016 07/08/2013 500,000.00 497,995.00 --- 500,355.00 1,986.12 1.250 1.214 A 347623 LC-Sr Lien Ob Fund-1 Interest 263534BX6 Corporate E. I. du Pont de Nemours and Company 03/15/2015 07/09/2013 950,000.00 1,014,068.00 --- 996,312.50 276.03 4.750 0.682 A 347623 LC-Sr Lien Ob Fund-1 Interest 36962G3H5 Corporate General Electric Capital Corporation 09/15/2017 07/03/2013 300,000.00 340,212.00 --- 341,280.00 5,505.23 5.625 1.771 AA 347623 LC-Sr Lien Ob Fund-1 Interest 48121CYK6 Corporate JPMorgan Chase Bank, National Association 10/01/2017 07/03/2013 300,000.00 341,424.00 --- 343,236.00 6,296.00 6.000 1.991 A 347623 LC-Sr Lien Ob Fund-1 Interest 48121CJM9 Corporate JPMorgan Chase Bank, National Association 06/13/2016 07/11/2013 500,000.00 492,775.00 --- 497,375.00 3,451.34 0.574 0.787 A 347623 LC-Sr Lien Ob Fund-1 Interest 59217GAC3 Corporate Metropolitan Life Global Funding I 09/29/2015 07/03/2013 740,000.00 766,284.80 --- 762,148.20 1,519.00 2.500 0.769 AA 347623 LC-Sr Lien Ob Fund-1 Interest 61746BDG8 Corporate Morgan Stanley 02/25/2016 07/03/2013 500,000.00 496,725.00 --- 506,710.00 9,397.53 1.750 1.116 A 347623 LC-Sr Lien Ob Fund-1 Interest 69349LAL2 Corporate PNC Bank, National Association 04/29/2016 07/11/2013 500,000.00 499,180.00 04/29/2015 500,245.00 928.87 0.557 0.535 A 347623 LC-Sr Lien Ob Fund-1 Interest 767201AM8 Corporate Rio Tinto Finance (USA) Limited 05/20/2016 07/03/2013 600,000.00 617,400.00 --- 618,756.00 4,218.81 2.500 1.167 A 347623 LC-Sr Lien Ob Fund-1 Interest 38144LAB6 Corporate The Goldman Sachs Group, Inc.09/01/2017 07/03/2013 300,000.00 322,515.00 --- 343,458.00 23,349.22 6.250 2.122 A 347623 LC-Sr Lien Ob Fund-1 Interest 38143USC6 Corporate The Goldman Sachs Group, Inc.02/07/2016 07/03/2013 600,000.00 627,936.00 --- 629,688.00 6,827.32 3.625 1.231 A 347623 LC-Sr Lien Ob Fund-1 Interest 89233P6J0 Corporate Toyota Motor Credit Corporation 07/17/2015 07/03/2013 800,000.00 802,344.00 --- 804,912.00 3,119.69 0.875 0.475 AA 347623 LC-Sr Lien Ob Fund-1 Interest 928670AJ7 Corporate Volkswagen International Finance N.V.03/22/2015 07/08/2013 600,000.00 607,206.00 --- 606,768.00 1,572.03 1.625 0.698 A 347623 LC-Sr Lien Ob Fund-1 Interest 94980VAF5 Corporate Wells Fargo Bank, National Association 05/16/2016 07/11/2013 1,000,000.00 988,160.00 --- 990,660.00 566.71 0.448 0.851 A 347623 LC-Sr Lien Ob Fund-1 Interest 23333GA61 CP DTE Energy Company 01/06/2014 12/23/2013 600,000.00 599,958.00 --- 599,964.00 (21.00) 0.000 0.432 AA 347623 LC-Sr Lien Ob Fund-1 Interest 65475MAF7 CP Nissan Motor Acceptance Corporation 01/15/2014 12/23/2013 750,000.00 749,870.63 --- 749,910.00 (11.25) 0.000 0.309 AA 347623 LC-Sr Lien Ob Fund-1 Interest 61747C715 MM Fund Morgan Stanley Institutional Liquidity Funds 12/31/2013 --- 0.00 175,465.97 ---175,465.97 0.00 0.040 0.040 AAA 347623 LC-Sr Lien Ob Fund-1 Interest 19648CAC5 Muni Colorado Housing and Finance Authority 05/15/2014 07/10/2013 930,000.00 932,892.30 --- 930,957.90 (315.63) 0.852 0.574 AA 347623 LC-Sr Lien Ob Fund-1 Interest 235219JS2 Muni Dallas, City of 02/15/2017 07/10/2013 650,000.00 650,000.00 --- 649,389.00 (611.00) 1.589 1.620 AA 347623 LC-Sr Lien Ob Fund-1 Interest 407288YD5 Muni Hamilton, County of 12/01/2015 07/18/2013 630,000.00 630,000.00 --- 631,014.30 1,014.30 0.803 0.718 AA 347623 LC-Sr Lien Ob Fund-1 Interest 912828RX0 US Gov Treasury, United States Department of 12/31/2016 09/13/2013 950,000.00 945,212.89 --- 952,078.60 6,446.42 0.875 0.801 AAA 347623 LC-Sr Lien Ob Fund-1 Interest 912828UA6 US Gov Treasury, United States Department of 11/30/2017 07/05/2013 1,450,000.00 1,408,992.19 --- 1,413,750.00 350.59 0.625 1.282 AAA 347623 LC-Sr Lien Ob Fund-1 Interest 912828VG2 US Gov Treasury, United States Department of 06/15/2016 07/05/2013 2,200,000.00 2,188,398.44 --- 2,197,756.00 7,461.12 0.500 0.542 AAA 347623 LC-Sr Lien Ob Fund-1 Interest 912828SY7 US Gov Treasury, United States Department of 05/31/2017 07/05/2013 3,000,000.00 2,945,039.06 --- 2,960,850.00 9,103.59 0.625 1.015 AAA 28,706,584.37 347625 LC-Project Fund-2 Senior Lien 3134G3JU5 Agency Federal Home Loan Mortgage Corporation 01/23/2017 10/10/2013 2,150,000.00 2,161,846.50 01/23/2014 2,152,623.00 117.01 2.250 0.251 AAA 347625 LC-Project Fund-2 Senior Lien 65475NAD0 Asset Backed Nissan Auto Lease Trust 2011-B 02/16/2015 07/11/2013 123,472.38 123,578.49 --- 123,505.59 (2.16) 0.920 0.550 AAA 347625 LC-Project Fund-2 Senior Lien 05635NA84 CP Bacardi Corporation 01/08/2014 12/23/2013 1,000,000.00 999,904.17 --- 999,927.00 (28.28) 0.000 0.376 AA 347625 LC-Project Fund-2 Senior Lien 1248C3AA2 CP CBS Corporation 01/10/2014 12/20/2013 3,300,000.00 3,299,557.24 --- 3,299,712.90 (97.35) 0.000 0.348 AA 347625 LC-Project Fund-2 Senior Lien 17181BAN0 CP CIGNA Corporation 01/22/2014 12/23/2013 2,500,000.00 2,499,395.83 --- 2,499,582.50 5.42 0.000 0.287 AA 347625 LC-Project Fund-2 Senior Lien 2003A3AH7 CP Comcast Corporation 01/17/2014 12/17/2013 2,000,000.00 1,999,569.44 --- 1,999,734.00 (43.78) 0.000 0.299 AA 347625 LC-Project Fund-2 Senior Lien 20911MA72 CP Consolidated Edison Company of New York, Inc.01/07/2014 12/23/2013 4,000,000.00 3,999,700.00 --- 3,999,732.00 (148.00) 0.000 0.402 AA 347625 LC-Project Fund-2 Senior Lien 23333GA61 CP DTE Energy Company 01/06/2014 12/23/2013 4,000,000.00 3,999,720.00 --- 3,999,760.00 (140.00) 0.000 0.432 AA 347625 LC-Project Fund-2 Senior Lien 26244JA66 CP Duke Energy Corporation 01/06/2014 12/12/2013 2,000,000.00 1,999,694.44 --- 1,999,880.00 (58.89) 0.000 0.432 AA 347625 LC-Project Fund-2 Senior Lien 27743KA67 CP Eastman Chemical Company 01/06/2014 12/11/2013 1,800,000.00 1,799,623.01 --- 1,799,892.00 (35.50) 0.000 0.432 AA 347625 LC-Project Fund-2 Senior Lien 27743KA34 CP Eastman Chemical Company 01/03/2014 12/11/2013 1,800,000.00 1,799,666.50 --- 1,799,928.00 (43.00) 0.000 0.721 AA 347625 LC-Project Fund-2 Senior Lien 37790BA68 CP Glencore Funding LLC 01/06/2014 12/11/2013 1,375,000.00 1,374,553.13 --- 1,374,917.50 3.44 0.000 0.432 AA 347625 LC-Project Fund-2 Senior Lien 37790BAM3 CP Glencore Funding LLC 01/21/2014 12/23/2013 2,000,000.00 1,999,275.00 --- 1,999,680.00 180.00 0.000 0.288 AA 347625 LC-Project Fund-2 Senior Lien 49455BAA0 CP Kinder Morgan Energy Partners, L.P.01/10/2014 12/20/2013 4,000,000.00 3,999,416.68 --- 3,999,652.00 (98.01) 0.000 0.348 AA 347625 LC-Project Fund-2 Senior Lien 57163UA89 CP Marriott International, Inc.01/08/2014 --- 3,100,000.00 3,099,451.40 --- 3,099,773.70 (75.61) 0.000 0.376 AA 347625 LC-Project Fund-2 Senior Lien 65475MAD2 CP Nissan Motor Acceptance Corporation 01/13/2014 12/17/2013 4,000,000.00 3,999,250.00 --- 3,999,572.00 (94.67) 0.000 0.321 AA 347625 LC-Project Fund-2 Senior Lien 78573FAH2 CP Sabmiller Holdings Inc.01/17/2014 12/17/2013 4,000,000.00 3,999,100.00 --- 3,999,468.00 (52.00) 0.000 0.299 AA 347625 LC-Project Fund-2 Senior Lien 06538CA76 CP The Bank of Tokyo-Mitsubishi UFJ, Ltd.01/07/2014 12/31/2013 800,000.00 799,986.00 --- 799,959.20 (28.80) 0.000 0.306 AAA 347625 LC-Project Fund-2 Senior Lien 91842MAE2 CP VW Credit, Inc.01/14/2014 12/19/2013 2,750,000.00 2,749,503.46 --- 2,749,689.25 (62.48) 0.000 0.313 AA 347625 LC-Project Fund-2 Senior Lien 61747C715 MM Fund Morgan Stanley Institutional Liquidity Funds 12/31/2013 --- 0.00 8,881,730.06 --- 8,881,730.06 0.00 0.040 0.040 AAA 347625 LC-Project Fund-2 Senior Lien 97689RAH7 VRDN Wisconsin Housing and Economic Development Authority 04/01/2046 07/05/2013 1,815,000.00 1,815,000.00 01/02/2014 1,815,000.00 0.00 0.110 0.110 AAA 57,393,718.70 347628 LC-PF-2 Sales Tax Revenue Bond 3133XCQE6 Agency CMO Federal Home Loan Banks Office of Finance 07/28/2015 08/13/2013 170,462.00 179,411.25 --- 180,354.59 1,668.09 5.250 0.796 AAA 347628 LC-PF-2 Sales Tax Revenue Bond 31395JS72 Agency CMO Federal Home Loan Mortgage Corporation 02/15/2019 07/09/2013 141,355.88 143,387.87 --- 142,185.21 (237.98) 4.500 1.073 AAA 347628 LC-PF-2 Sales Tax Revenue Bond 31395MLT4 Agency CMO Federal Home Loan Mortgage Corporation 06/15/2019 07/15/2013 273,349.09 277,791.01 --- 275,645.77 (428.56) 4.500 0.889 AAA 347628 LC-PF-2 Sales Tax Revenue Bond 02582JFY1 Asset Backed American Express Credit Account Master Trust 04/17/2017 07/05/2013 1,000,000.00 1,001,796.88 --- 1,002,341.00 1,272.02 0.867 0.541 AA 347628 LC-PF-2 Sales Tax Revenue Bond 05522RAY4 Asset Backed BA Credit Card Trust 08/15/2016 07/03/2013 3,100,000.00 3,092,492.19 --- 3,098,037.70 4,379.25 0.367 0.668 AA 347628 LC-PF-2 Sales Tax Revenue Bond 17308BAL2 Asset Backed Citibank Omni-S Master Trust 08/15/2018 ---4,340,000.00 4,557,730.08 --- 4,466,511.00 1,792.35 5.350 0.644 AAA 347628 LC-PF-2 Sales Tax Revenue Bond 17308BAN8 Asset Backed Citibank Omni-S Master Trust 11/15/2018 07/11/2013 5,000,000.00 5,274,609.38 --- 5,183,205.00 3,310.93 4.900 0.676 AAA 347628 LC-PF-2 Sales Tax Revenue Bond 36159JCS8 Asset Backed GE Capital Credit Card Master Note Trust 01/15/2018 07/15/2013 2,295,000.00 2,304,682.03 --- 2,301,437.48 (308.93) 1.030 0.758 AAA 347628 LC-PF-2 Sales Tax Revenue Bond 36159JBT7 Asset Backed GE Capital Credit Card Master Note Trust 11/15/2017 07/11/2013 5,000,000.00 5,209,179.69 --- 5,135,395.00 (1,732.77) 3.800 0.684 AAA 347628 LC-PF-2 Sales Tax Revenue Bond 36159LBN5 Asset Backed GE Dealer Floorplan Master Not 07/20/2016 12/20/2013 135,000.00 135,221.48 --- 135,182.25 (32.81) 0.767 0.527 AAA Page 7 of 30 39 Source Account Account Identifier Security Type Category Issuer Final Maturity Trade Date Current Face Value Original Cost Next Call Date Base Market Value Base Net Total Unrealized Gain/Loss Coupon Yield Summarized Credit Rating STAMP Portfolio by Account for quarter ended December 31, 2013 347628 LC-PF-2 Sales Tax Revenue Bond 36162RAB4 Asset Backed GE Equipment Small Ticket, L.L.C., Series 2012-1 11/21/2014 --- 443,472.12 443,724.56 ---443,695.19 112.99 0.850 0.473 AAA 347628 LC-PF-2 Sales Tax Revenue Bond 36162RAC2 Asset Backed GE Equipment Small Ticket, L.L.C., Series 2012-1 09/21/2015 07/10/2013 6,000,000.00 6,018,984.38 --- 6,018,636.00 7,693.41 1.040 0.552 AAA 347628 LC-PF-2 Sales Tax Revenue Bond 43813TAD5 Asset Backed Honda Auto Receivables 2011-1 Owner Trust 04/17/2017 07/11/2013 3,314,027.81 3,338,883.01 --- 3,328,367.60 3,146.75 1.800 0.415 AAA 347628 LC-PF-2 Sales Tax Revenue Bond 43814AAC7 Asset Backed Honda Auto Receivables 2011-2 Owner Trust 03/18/2015 07/24/2013 58,520.94 58,594.10 --- 58,604.40 42.43 0.940 0.192 AAA 347628 LC-PF-2 Sales Tax Revenue Bond 43813XAB0 Asset Backed Honda Auto Receivables 2012-3 Owner Trust 12/15/2014 07/10/2013 345,122.60 345,122.59 --- 345,157.11 34.51 0.460 0.301 AAA 347628 LC-PF-2 Sales Tax Revenue Bond 43812XAB1 Asset Backed Honda Auto Receivables 2013-3 Owner Trust 01/15/2016 07/17/2013 6,000,000.00 5,999,910.60 --- 6,006,078.00 6,133.11 0.540 0.775 AAA 347628 LC-PF-2 Sales Tax Revenue Bond 47787RAB6 Asset Backed John Deere Owner Trust 2012-B 02/17/2015 07/24/2013 52,150.51 52,132.17 --- 52,152.12 8.61 0.430 0.393 AAA 347628 LC-PF-2 Sales Tax Revenue Bond 55314QAC1 Asset Backed MMAF EQUIP FIN LLC 2012-A 08/10/2016 --- 4,154,000.00 4,164,610.32 --- 4,160,093.92 (1,127.49) 0.940 0.697 AAA 347628 LC-PF-2 Sales Tax Revenue Bond 55314MAC0 Asset Backed MMAF Equipment Finance LLC 2011-A 09/15/2015 07/10/2013 3,123,529.06 3,131,093.86 --- 3,127,127.37 (649.81) 1.270 0.649 AAA 347628 LC-PF-2 Sales Tax Revenue Bond 00279VCA1 Corporate Abbey National Treasury Services PLC 11/10/2014 07/05/2013 3,000,000.00 3,105,090.00 --- 3,081,930.00 14,238.35 3.875 0.678 A 347628 LC-PF-2 Sales Tax Revenue Bond 002799AK0 Corporate Abbey National Treasury Services PLC 04/25/2014 07/12/2013 5,000,000.00 5,088,500.00 --- 5,034,200.00 (1,727.12) 2.875 0.700 A 347628 LC-PF-2 Sales Tax Revenue Bond 0258M0CZ0 Corporate American Express Credit Corporation 08/25/2014 07/03/2013 6,124,000.00 6,430,200.00 --- 6,310,475.80 9,881.55 5.125 0.428 A 347628 LC-PF-2 Sales Tax Revenue Bond 78387GAP8 Corporate AT&T Inc.09/15/2014 07/03/2013 6,504,000.00 6,842,273.04 --- 6,711,315.00 6,428.21 5.100 0.566 A 347628 LC-PF-2 Sales Tax Revenue Bond 05531FAA1 Corporate BB&T Corporation 04/30/2014 07/09/2013 7,460,000.00 7,764,144.20 --- 7,588,610.40 4,181.78 5.700 0.514 A 347628 LC-PF-2 Sales Tax Revenue Bond 05565QBL1 Corporate BP Capital Markets P.L.C.05/08/2014 07/10/2013 7,050,000.00 7,232,313.00 --- 7,127,479.50 (1,174.98) 3.625 0.502 A 347628 LC-PF-2 Sales Tax Revenue Bond 14912L4V0 Corporate Caterpillar Financial Services Corporation 05/20/2014 07/09/2013 6,445,000.00 6,501,071.50 --- 6,470,135.50 (49.21) 1.375 0.363 A 347628 LC-PF-2 Sales Tax Revenue Bond 172967CK5 Corporate Citigroup Inc.05/05/2014 07/09/2013 3,228,000.00 3,333,232.80 --- 3,275,161.08 2,774.18 5.125 0.864 A 347628 LC-PF-2 Sales Tax Revenue Bond 22546QAA5 Corporate Credit Suisse AG 05/01/2014 07/08/2013 9,000,000.00 9,360,720.00 --- 9,146,700.00 (1,884.28) 5.500 0.595 A 347628 LC-PF-2 Sales Tax Revenue Bond 233851AG9 Corporate Daimler Finance North America LLC 09/15/2014 07/08/2013 2,400,000.00 2,428,301.60 --- 2,420,760.00 3,864.33 1.875 0.644 A 347628 LC-PF-2 Sales Tax Revenue Bond 29250NAC9 Corporate Enbridge Inc.06/15/2014 07/08/2013 5,000,000.00 5,234,800.00 --- 5,116,500.00 1,590.69 5.800 0.668 A 347628 LC-PF-2 Sales Tax Revenue Bond 36962G4G6 Corporate General Electric Capital Corporation 11/14/2014 07/08/2013 3,000,000.00 3,118,200.00 --- 3,089,760.00 13,200.64 3.750 0.301 AA 347628 LC-PF-2 Sales Tax Revenue Bond 36962GK86 Corporate General Electric Capital Corporation 09/15/2014 07/09/2013 5,000,000.00 5,243,950.00 --- 5,156,700.00 10,838.08 4.750 0.299 AA 347628 LC-PF-2 Sales Tax Revenue Bond 370334BL7 Corporate General Mills, Inc.05/16/2014 07/10/2013 5,820,000.00 5,868,888.00 --- 5,843,920.20 2,089.02 1.550 0.451 A 347628 LC-PF-2 Sales Tax Revenue Bond 40428EJQ3 Corporate Hsbc Bank USA 04/01/2014 --- 13,486,000.00 13,871,230.45 --- 13,624,905.80 4,942.09 4.625 0.494 A 347628 LC-PF-2 Sales Tax Revenue Bond 46625HHN3 Corporate JPMorgan Chase & Co.06/01/2014 07/08/2013 6,000,000.00 6,214,500.00 --- 6,105,060.00 5,400.00 4.650 0.438 A 347628 LC-PF-2 Sales Tax Revenue Bond 581557AW5 Corporate McKesson Corporation 02/15/2014 07/05/2013 4,575,000.00 4,736,131.50 --- 4,606,293.00 (1,368.79) 6.500 0.876 A 347628 LC-PF-2 Sales Tax Revenue Bond 59156RAH1 Corporate MetLife, Inc.06/15/2014 07/08/2013 2,087,000.00 2,181,269.79 --- 2,133,331.40 207.52 5.500 0.612 A 347628 LC-PF-2 Sales Tax Revenue Bond 59156RAW8 Corporate MetLife, Inc.02/06/2014 07/10/2013 8,100,000.00 8,184,969.00 --- 8,114,661.00 (230.75) 2.375 0.508 A 347628 LC-PF-2 Sales Tax Revenue Bond 59217GAE9 Corporate Metropolitan Life Global Funding I 01/10/2014 07/09/2013 1,730,000.00 1,742,957.70 --- 1,730,588.20 (52.57) 2.000 0.634 AA 347628 LC-PF-2 Sales Tax Revenue Bond 61747WAD1 Corporate Morgan Stanley 01/24/2014 07/09/2013 9,070,000.00 9,164,146.60 --- 9,081,791.00 754.33 2.875 0.829 A 347628 LC-PF-2 Sales Tax Revenue Bond 67021CAB3 Corporate NSTAR Electric Company 04/15/2014 07/10/2013 7,900,000.00 8,161,332.00 --- 7,998,513.00 (1,118.76) 4.875 0.546 A 347628 LC-PF-2 Sales Tax Revenue Bond 693476BK8 Corporate PNC Funding Corp.05/19/2014 07/10/2013 4,970,000.00 5,074,916.70 --- 5,020,395.80 2,983.38 3.000 0.350 A 347628 LC-PF-2 Sales Tax Revenue Bond 74432QAE5 Corporate Prudential Financial, Inc.09/20/2014 07/09/2013 2,686,000.00 2,820,407.44 --- 2,771,790.84 4,749.61 5.100 0.642 A 347628 LC-PF-2 Sales Tax Revenue Bond 88166DAA4 Corporate Teva Pharmaceutical Finance III BV 03/21/2014 07/24/2013 5,000,000.00 5,042,400.00 --- 5,014,800.00 677.72 1.700 0.382 A 347628 LC-PF-2 Sales Tax Revenue Bond 020002AR2 Corporate The Allstate Corporation 08/15/2014 07/05/2013 5,870,000.00 6,141,957.10 --- 6,032,340.72 7,845.69 5.000 0.541 A 347628 LC-PF-2 Sales Tax Revenue Bond 38141GCM4 Corporate The Goldman Sachs Group, Inc.11/15/2014 07/08/2013 2,000,000.00 2,116,560.00 --- 2,084,500.00 8,861.18 5.500 0.634 A 347628 LC-PF-2 Sales Tax Revenue Bond 38141EA33 Corporate The Goldman Sachs Group, Inc.05/01/2014 07/09/2013 5,000,000.00 5,208,235.00 --- 5,089,300.00 3,182.56 6.000 0.625 A 347628 LC-PF-2 Sales Tax Revenue Bond 842587CE5 Corporate The Southern Company 05/15/2014 07/10/2013 2,100,000.00 2,160,648.00 --- 2,128,014.00 1,037.11 4.150 0.556 A 347628 LC-PF-2 Sales Tax Revenue Bond 92343VBA1 Corporate Verizon Communications Inc.03/28/2014 07/10/2013 13,833,000.00 13,974,926.58 --- 13,883,767.11 2,752.92 1.950 0.428 A 347628 LC-PF-2 Sales Tax Revenue Bond 928670AD0 Corporate Volkswagen International Finance N.V.04/01/2014 07/09/2013 4,670,000.00 4,722,117.20 --- 4,670,980.70 (16,939.77) 1.875 1.782 A 347628 LC-PF-2 Sales Tax Revenue Bond 94974BET3 Corporate Wells Fargo & Company 10/01/2014 07/03/2013 3,500,000.00 3,628,730.00 --- 3,589,180.00 10,699.90 3.750 0.345 AA 347628 LC-PF-2 Sales Tax Revenue Bond 929903AJ1 Corporate Wells Fargo & Company 08/01/2014 07/05/2013 3,911,000.00 4,091,336.21 --- 4,017,332.27 6,589.82 5.250 0.574 A 347628 LC-PF-2 Sales Tax Revenue Bond 1248C3AA2 CP CBS Corporation 01/10/2014 12/20/2013 3,000,000.00 2,999,655.00 --- 2,999,739.00 (88.50) 0.000 0.348 AA 347628 LC-PF-2 Sales Tax Revenue Bond 17181BAN0 CP CIGNA Corporation 01/22/2014 12/23/2013 2,000,000.00 1,999,516.66 --- 1,999,666.00 4.34 0.000 0.287 AA 347628 LC-PF-2 Sales Tax Revenue Bond 2003A3AH7 CP Comcast Corporation 01/17/2014 12/17/2013 4,000,000.00 3,999,138.88 --- 3,999,468.00 (87.55) 0.000 0.299 AA 347628 LC-PF-2 Sales Tax Revenue Bond 20911MA72 CP Consolidated Edison Company of New York, Inc.01/07/2014 12/23/2013 500,000.00 499,962.50 --- 499,966.50 (18.50) 0.000 0.402 AA 347628 LC-PF-2 Sales Tax Revenue Bond 26244JA66 CP Duke Energy Corporation 01/06/2014 12/12/2013 8,000,000.00 7,998,777.76 --- 7,999,520.00 (235.55) 0.000 0.432 AA 347628 LC-PF-2 Sales Tax Revenue Bond 27743KA67 CP Eastman Chemical Company 01/06/2014 12/11/2013 8,200,000.00 8,198,282.59 --- 8,199,508.00 (161.73) 0.000 0.432 AA 347628 LC-PF-2 Sales Tax Revenue Bond 27743KA34 CP Eastman Chemical Company 01/03/2014 12/11/2013 8,200,000.00 8,198,480.70 --- 8,199,672.00 (195.89) 0.000 0.721 AA 347628 LC-PF-2 Sales Tax Revenue Bond 37790BAM3 CP Glencore Funding LLC 01/21/2014 12/23/2013 8,000,000.00 7,997,100.00 --- 7,998,720.00 720.00 0.000 0.288 AA 347628 LC-PF-2 Sales Tax Revenue Bond 65475MAD2 CP Nissan Motor Acceptance Corporation 01/13/2014 12/17/2013 4,000,000.00 3,999,250.00 --- 3,999,572.00 (94.67) 0.000 0.321 AA 347628 LC-PF-2 Sales Tax Revenue Bond 73754MA63 CP Potash Corporation of Saskatchewan Inc.01/06/2014 12/20/2013 3,600,000.00 3,599,678.02 --- 3,599,784.00 (101.01) 0.000 0.432 AA 347628 LC-PF-2 Sales Tax Revenue Bond 78573FAH2 CP Sabmiller Holdings Inc.01/17/2014 12/17/2013 2,000,000.00 1,999,550.00 --- 1,999,734.00 (26.00) 0.000 0.299 AA 347628 LC-PF-2 Sales Tax Revenue Bond 06538CA76 CP The Bank of Tokyo-Mitsubishi UFJ, Ltd.01/07/2014 12/31/2013 4,700,000.00 4,699,917.75 --- 4,699,760.30 (169.20) 0.000 0.306 AAA 347628 LC-PF-2 Sales Tax Revenue Bond 61747C715 MM Fund Morgan Stanley Institutional Liquidity Funds 12/31/2013 12/30/2013 0.00 1,539,583.08 --- 1,539,583.08 0.00 0.040 0.040 AAA 347628 LC-PF-2 Sales Tax Revenue Bond 19648CAC5 Muni Colorado Housing and Finance Authority 05/15/2014 07/10/2013 9,850,000.00 9,880,633.50 --- 9,860,145.50 (3,343.00) 0.852 0.574 AA 347628 LC-PF-2 Sales Tax Revenue Bond 407288YD5 Muni Hamilton, County of 12/01/2015 07/18/2013 6,645,000.00 6,645,000.00 --- 6,655,698.45 10,698.45 0.803 0.718 AA 347628 LC-PF-2 Sales Tax Revenue Bond 64468EAZ3 Muni Labor, New Hampshire Department of 11/01/2020 07/03/2013 3,200,000.00 3,200,000.00 01/02/2014 3,200,000.00 0.00 0.140 --- AA 347628 LC-PF-2 Sales Tax Revenue Bond 64468EAY6 VRDN Labor, New Hampshire Department of 11/01/2020 11/04/2013 4,190,000.00 4,190,000.00 01/02/2014 4,190,000.00 0.00 0.140 0.140 AA 311,171,935.85 Page 8 of 30 40 Source Account Account Identifier Security Type Category Issuer Final Maturity Trade Date Current Face Value Original Cost Next Call Date Base Market Value Base Net Total Unrealized Gain/Loss Coupon Yield Summarized Credit Rating STAMP Portfolio by Account for quarter ended December 31, 2013 205091001 LC-2013 A Capitalized Interest 31393V2T7 Agency CMO Federal Home Loan Mortgage Corporation 06/15/2018 07/08/2013 1,374,855.52 1,454,124.53 --- 1,453,291.03 4,022.53 4.500 0.840 AAA 205091001 LC-2013 A Capitalized Interest 3137ANLP8 Agency CMO Federal Home Loan Mortgage Corporation 11/25/2016 07/08/2013 3,070,000.00 3,100,460.16 --- 3,112,857.20 17,374.91 1.655 1.089 AAA 205091001 LC-2013 A Capitalized Interest 31392HWL3 Agency CMO Federal National Mortgage Association 02/25/2018 07/12/2013 87,331.63 92,189.45 --- 92,792.48 984.55 5.000 0.558 AAA 205091001 LC-2013 A Capitalized Interest 31392BVM5 Agency CMO Federal National Mortgage Association 02/25/2017 07/11/2013 218,611.32 230,771.58 --- 229,992.23 566.97 5.500 0.566 AAA 205091001 LC-2013 A Capitalized Interest 31392FPP6 Agency CMO Federal National Mortgage Association 11/25/2017 07/15/2013 389,872.88 412,899.74 --- 412,586.87 1,339.20 5.000 0.560 AAA 205091001 LC-2013 A Capitalized Interest 31392F6C6 Agency CMO Federal National Mortgage Association 12/25/2017 07/09/2013 590,202.80 626,076.06 --- 625,361.18 1,958.26 5.000 0.560 AAA 205091001 LC-2013 A Capitalized Interest 3136A4M89 Agency CMO Federal National Mortgage Association 01/25/2019 07/05/2013 680,957.96 685,293.74 --- 686,044.72 1,200.62 1.934 1.692 AAA 205091001 LC-2013 A Capitalized Interest 31393EXC8 Agency CMO Federal National Mortgage Association 09/25/2018 07/24/2013 698,496.22 738,441.48 --- 739,372.22 2,878.69 4.500 0.762 AAA 205091001 LC-2013 A Capitalized Interest 3136ACGF2 Agency CMO Federal National Mortgage Association 02/25/2016 07/15/2013 2,419,128.56 2,425,176.38 --- 2,433,619.14 9,579.95 1.083 0.750 AAA 205091001 LC-2013 A Capitalized Interest 3136A8G38 Agency CMO Federal National Mortgage Association 08/25/2017 07/08/2013 2,981,028.85 2,937,012.10 --- 2,966,839.15 26,000.24 1.246 1.368 AAA 205091001 LC-2013 A Capitalized Interest 3128H4NR6 Agency MBS Federal Home Loan Mortgage Corporation 05/01/2018 07/16/2013 184,971.09 195,953.74 --- 195,860.34 583.00 5.000 0.966 AAA 205091001 LC-2013 A Capitalized Interest 3128PHVS7 Agency MBS Federal Home Loan Mortgage Corporation 11/01/2019 07/16/2013 198,605.45 209,280.50 --- 210,325.16 1,558.97 5.000 0.672 AAA 205091001 LC-2013 A Capitalized Interest 3128MBTH0 Agency MBS Federal Home Loan Mortgage Corporation 03/01/2019 07/26/2013 223,313.30 236,712.09 --- 236,464.22 173.24 5.000 1.207 AAA 205091001 LC-2013 A Capitalized Interest 31294LPZ0 Agency MBS Federal Home Loan Mortgage Corporation 12/01/2016 07/05/2013 393,109.21 415,590.15 --- 413,763.17 (997.01) 6.000 1.261 AAA 205091001 LC-2013 A Capitalized Interest 3132FEAK7 Agency MBS Federal Home Loan Mortgage Corporation 12/01/2017 07/03/2013 392,649.50 416,085.77 --- 415,470.29 890.05 5.000 0.734 AAA 205091001 LC-2013 A Capitalized Interest 3128PGLY7 Agency MBS Federal Home Loan Mortgage Corporation 05/01/2017 07/17/2013 447,612.63 471,671.81 --- 473,811.40 4,753.37 5.000 0.459 AAA 205091001 LC-2013 A Capitalized Interest 3128GNR59 Agency MBS Federal Home Loan Mortgage Corporation 10/01/2016 07/05/2013 549,782.15 582,425.48 ---571,388.59 (6,780.06) 6.000 2.279 AAA 205091001 LC-2013 A Capitalized Interest 31410GSQ7 Agency MBS Federal National Mortgage Association 12/01/2017 07/05/2013 317,425.50 340,835.63 ---337,474.09 (1,450.01) 6.000 1.139 AAA 205091001 LC-2013 A Capitalized Interest 31402QT68 Agency MBS Federal National Mortgage Association 10/01/2019 07/11/2013 582,156.80 628,911.27 ---621,009.94 (5,414.57) 6.000 1.634 AAA 205091001 LC-2013 A Capitalized Interest 31402RBG3 Agency MBS Federal National Mortgage Association 09/01/2019 ---646,298.26 693,183.58 ---689,257.70 (972.11) 6.000 1.169 AAA 205091001 LC-2013 A Capitalized Interest 31381QLL8 Agency MBS Federal National Mortgage Association 03/01/2016 07/11/2013 959,895.60 974,893.97 ---964,743.07 (7,319.41) 3.295 3.013 AAA 205091001 LC-2013 A Capitalized Interest 31401MWC1 Agency MBS Federal National Mortgage Association 06/01/2018 07/12/2013 1,325,338.84 1,413,142.53 --- 1,410,399.09 6,787.35 4.500 0.566 AAA 205091001 LC-2013 A Capitalized Interest 36200AFG9 Agency MBS Government National Mortgage Association 11/15/2017 07/09/2013 115,604.41 123,190.95 --- 123,955.67 1,069.74 5.500 0.408 AAA 205091001 LC-2013 A Capitalized Interest 36290WH47 Agency MBS Government National Mortgage Association 09/15/2018 07/18/2013 1,834,444.96 1,949,097.78 --- 1,958,655.23 9,008.97 4.500 0.641 AAA 205091001 LC-2013 A Capitalized Interest 38376GWZ9 Agency MBS The Government National Mortgage Association Guaranteed REMIC Pass-Through Securities 08/16/2031 07/11/2013 2,653,567.32 2,655,433.11 --- 2,663,518.20 9,789.52 1.864 1.012 AAA 205091001 LC-2013 A Capitalized Interest 037833AF7 Corporate Apple Inc.05/03/2016 07/31/2013 3,000,000.00 3,000,840.00 --- 2,999,370.00 (1,345.09) 0.292 0.305 AA 205091001 LC-2013 A Capitalized Interest 44328MAL8 Corporate HSBC Bank PLC 05/24/2016 --- 3,625,000.00 3,799,301.25 --- 3,797,006.25 25,833.01 3.100 1.089 AA 205091001 LC-2013 A Capitalized Interest 459200GX3 Corporate International Business Machines Corporation 07/22/2016 07/10/2013 465,000.00 477,936.30 --- 477,717.75 1,737.13 1.950 0.867 AA 205091001 LC-2013 A Capitalized Interest 59217GAV1 Corporate Metropolitan Life Global Funding I 06/29/2015 07/31/2013 545,000.00 553,763.60 --- 553,191.35 1,297.76 1.700 0.687 AA 205091001 LC-2013 A Capitalized Interest 21685WBL0 Corporate Rabobank Nederland 10/13/2015 07/03/2013 1,505,000.00 1,543,467.80 --- 1,543,798.90 8,438.83 2.125 0.668 AA 205091001 LC-2013 A Capitalized Interest 21686CAD2 Corporate Rabobank Nederland 01/19/2017 --- 2,000,000.00 2,103,900.00 --- 2,105,780.00 15,272.79 3.375 1.591 AA 205091001 LC-2013 A Capitalized Interest 78008K5V1 Corporate Royal Bank of Canada 04/19/2016 07/08/2013 2,000,000.00 2,099,900.00 --- 2,084,620.00 1,647.77 2.875 1.009 AA 205091001 LC-2013 A Capitalized Interest 822582AC6 Corporate Shell International Finance B.V.03/22/2017 07/08/2013 400,000.00 449,936.00 --- 446,824.00 3,143.69 5.200 1.469 AA 205091001 LC-2013 A Capitalized Interest 742718DV8 Corporate The Procter & Gamble Company 08/15/2016 07/10/2013 1,240,000.00 1,256,033.20 --- 1,258,091.60 4,422.39 1.450 0.886 AA 205091001 LC-2013 A Capitalized Interest 89114QAE8 Corporate The Toronto-Dominion Bank 10/19/2016 07/08/2013 750,000.00 776,452.50 --- 778,672.50 5,993.36 2.375 0.987 AA 205091001 LC-2013 A Capitalized Interest 89153VAC3 Corporate Total Capital International 06/28/2017 07/08/2013 160,000.00 157,765.60 --- 160,033.60 2,008.76 1.550 1.544 AA 205091001 LC-2013 A Capitalized Interest 89233P6J0 Corporate Toyota Motor Credit Corporation 07/17/2015 07/03/2013 5,000,000.00 5,014,650.00 --- 5,030,700.00 19,498.05 0.875 0.475 AA 205091001 LC-2013 A Capitalized Interest 90327QCW7 Corporate USAA Capital Corporation 12/13/2016 07/11/2013 4,000,000.00 4,145,440.00 --- 4,100,720.00 (25,395.82) 2.250 1.377 AA 205091001 LC-2013 A Capitalized Interest 9AMMF05B2 MM Fund U.S. Bank Money Market Account Fund 12/31/2013 --- 0.00 2,589,541.64 --- 2,589,541.64 0.00 0.000 0.000 NA 205091001 LC-2013 A Capitalized Interest 184126YS3 Muni Clayton County Water Authority 05/01/2017 07/11/2013 770,000.00 755,939.80 ---751,481.50 (6,113.66) 1.300 2.050 AA 205091001 LC-2013 A Capitalized Interest 235219JS2 Muni Dallas, City of 02/15/2017 07/10/2013 2,135,000.00 2,135,000.00 --- 2,157,268.05 22,268.05 1.589 1.247 AA 205091001 LC-2013 A Capitalized Interest 407288YD5 Muni Hamilton, County of 12/01/2015 07/18/2013 2,080,000.00 2,080,000.00 --- 2,087,363.20 7,363.20 0.803 0.617 AA 205091001 LC-2013 A Capitalized Interest 64966H4E7 Muni New York, City of 10/01/2017 07/12/2013 1,170,000.00 1,238,222.70 --- 1,222,029.90 (8,999.89) 3.140 1.905 AA 205091001 LC-2013 A Capitalized Interest 912828UA6 US Gov Treasury, United States Department of 11/30/2017 07/05/2013 2,250,000.00 2,186,367.19 --- 2,193,750.00 544.01 0.625 1.282 AAA 205091001 LC-2013 A Capitalized Interest 912828VG2 US Gov Treasury, United States Department of 06/15/2016 07/05/2013 10,200,000.00 10,146,210.94 --- 10,189,596.00 34,592.46 0.500 0.542 AAA 205091001 LC-2013 A Capitalized Interest 912828SY7 US Gov Treasury, United States Department of 05/31/2017 07/05/2013 12,000,000.00 11,780,156.25 --- 11,843,400.00 36,414.35 0.625 1.015 AAA 205091001 LC-2013 A Capitalized Interest 912828RU6 US Gov Treasury, United States Department of 11/30/2016 07/05/2013 12,000,000.00 11,989,218.75 --- 12,038,400.00 47,647.36 0.875 0.764 AAA 94,448,208.63 Page 9 of 30 41 Source Account Account Identifier Description Market Value Transaction Type Final Maturity Base Principal Base Net Total Realized Gain 347621 LC-Sr Lien Reserve Fund-1 61747C715 MORGAN STANLEY LIQ PRIME-IN 761,250.00 Buy 12/31/2013 761,250.00 - 347621 LC-Sr Lien Reserve Fund-1 61747C715 MORGAN STANLEY LIQ PRIME-IN 114,711.84 Buy 12/31/2013 114,711.84 - 347621 LC-Sr Lien Reserve Fund-1 61747C715 MORGAN STANLEY LIQ PRIME-IN 37,898.78 Buy 12/31/2013 37,898.78 - 347621 LC-Sr Lien Reserve Fund-1 61747C715 MORGAN STANLEY LIQ PRIME-IN 2,531.25 Buy 12/31/2013 2,531.25 - 347621 LC-Sr Lien Reserve Fund-1 61747C715 MORGAN STANLEY LIQ PRIME-IN 9.43 Buy 12/31/2013 9.43 - 347621 LC-Sr Lien Reserve Fund-1 61747C715 MORGAN STANLEY LIQ PRIME-IN 100,124.44 Buy 12/31/2013 100,124.44 - 347621 LC-Sr Lien Reserve Fund-1 61747C715 MORGAN STANLEY LIQ PRIME-IN 279,785.93 Buy 12/31/2013 279,785.93 - 347621 LC-Sr Lien Reserve Fund-1 61747C715 MORGAN STANLEY LIQ PRIME-IN 55,561.18 Buy 12/31/2013 55,561.18 - 347621 LC-Sr Lien Reserve Fund-1 61747C715 MORGAN STANLEY LIQ PRIME-IN 24,746.08 Buy 12/31/2013 24,746.08 - 347621 LC-Sr Lien Reserve Fund-1 61747C715 MORGAN STANLEY LIQ PRIME-IN 31,711.97 Buy 12/31/2013 31,711.97 - 347621 LC-Sr Lien Reserve Fund-1 61747C715 MORGAN STANLEY LIQ PRIME-IN 36,067.76 Buy 12/31/2013 36,067.76 - 347621 LC-Sr Lien Reserve Fund-1 61747C715 MORGAN STANLEY LIQ PRIME-IN 15.43 Buy 12/31/2013 15.43 - 347621 LC-Sr Lien Reserve Fund-1 61747C715 MORGAN STANLEY LIQ PRIME-IN 250,468.75 Buy 12/31/2013 250,468.75 - 347621 LC-Sr Lien Reserve Fund-1 61747C715 MORGAN STANLEY LIQ PRIME-IN 4.38 Buy 12/31/2013 4.38 - 347621 LC-Sr Lien Reserve Fund-1 61747C715 MORGAN STANLEY LIQ PRIME-IN 6,851.30 Buy 12/31/2013 6,851.30 - 347621 LC-Sr Lien Reserve Fund-1 61747C715 MORGAN STANLEY LIQ PRIME-IN 28,313.06 Buy 12/31/2013 28,313.06 - 347621 LC-Sr Lien Reserve Fund-1 61747C715 MORGAN STANLEY LIQ PRIME-IN 2,406.25 Buy 12/31/2013 2,406.25 - 347621 LC-Sr Lien Reserve Fund-1 61747C715 MORGAN STANLEY LIQ PRIME-IN 76,536.39 Buy 12/31/2013 76,536.39 - 347621 LC-Sr Lien Reserve Fund-1 31393DRM5 FNR 2003-63 YB - Buy 07/25/2033 20,053.35 - 347621 LC-Sr Lien Reserve Fund-1 31397QUQ9 FNR 2011-6 BA - Buy 06/25/2020 226,563.56 - STAMP Portfolio Transaction Report Quarter ended December 31, 2013 347621 LC-Sr Lien Reserve Fund-1 3136AEYG6 FNA 2013-M9 ASQ2 171,341.41 Buy 06/25/2018 171,341.41 - 347621 LC-Sr Lien Reserve Fund-1 313381H24 FEDERAL HOME LOAN BANK - Buy 01/16/2015 250,175.00 - 347621 LC-Sr Lien Reserve Fund-1 313381H24 FEDERAL HOME LOAN BANK 530,296.80 Buy 01/16/2015 530,296.80 - 347621 LC-Sr Lien Reserve Fund-1 31404WTT3 FN 780962 - Buy 05/01/2019 179,606.15 - 347621 LC-Sr Lien Reserve Fund-1 3137AQT24 FHMS K708 A2 171,195.31 Buy 01/25/2019 171,195.31 - 347621 LC-Sr Lien Reserve Fund-1 912828PE4 US TREASURY N/B - Buy 10/31/2015 60,996.09 - 347621 LC-Sr Lien Reserve Fund-1 38377DPX8 GNR 2010-101 NC - Buy 11/20/2036 94,333.89 - 347621 LC-Sr Lien Reserve Fund-1 3138EJ6V5 FN AL2683 202,095.27 Buy 09/01/2026 202,095.27 - 2,883,923.01 3,715,651.06 - 347621 LC-Sr Lien Reserve Fund-1 3133EC3U6 FEDERAL FARM CREDIT BANK (99,845.32)Call Redemption 11/21/2014 (100,000.00)154.68 347621 LC-Sr Lien Reserve Fund-1 313376NF8 FEDERAL HOME LOAN BANK (750,000.00)Call Redemption 06/27/2019 (750,000.00)- 347621 LC-Sr Lien Reserve Fund-1 3134G3Y61 FREDDIE MAC (249,867.84)Call Redemption 12/10/2014 (250,000.00)132.16 (1,099,713.15)(1,100,000.00)286.85 347621 LC-Sr Lien Reserve Fund-1 38377UN20 GNR 2011-62 PA (14,790.10)Principal Paydown 01/20/2040 (14,529.05)(261.05) 347621 LC-Sr Lien Reserve Fund-1 38377UN20 GNR 2011-62 PA (10,958.20)Principal Paydown 01/20/2040 (10,761.75)(196.45) 347621 LC-Sr Lien Reserve Fund-1 38377UN20 GNR 2011-62 PA (12,587.64)Principal Paydown 01/20/2040 (12,368.99)(218.65) 347621 LC-Sr Lien Reserve Fund-1 31398VWC6 FHR 3653 AT (23,861.50)Principal Paydown 06/15/2028 (23,360.80)(500.70) 347621 LC-Sr Lien Reserve Fund-1 38376LE39 GNR 2011-104 BN (2,180.58)Principal Paydown 12/20/2038 (2,161.54)(19.04) 347621 LC-Sr Lien Reserve Fund-1 38376LE39 GNR 2011-104 BN (2,464.13)Principal Paydown 12/20/2038 (2,440.62)(23.51) 347621 LC-Sr Lien Reserve Fund-1 38376LE39 GNR 2011-104 BN (5,320.15)Principal Paydown 12/20/2038 (5,265.14)(55.01) 347621 LC-Sr Lien Reserve Fund-1 31416YXJ2 FN AB3380 (1,315.46)Principal Paydown 08/01/2026 (1,256.29)(59.17) 347621 LC-Sr Lien Reserve Fund-1 31416YXJ2 FN AB3380 (2,017.13)Principal Paydown 08/01/2026 (1,926.04)(91.09) 347621 LC-Sr Lien Reserve Fund-1 31416YXJ2 FN AB3380 (1,235.82)Principal Paydown 08/01/2026 (1,179.76)(56.06) 347621 LC-Sr Lien Reserve Fund-1 31393DRM5 FNR 2003-63 YB (4,497.25)Principal Paydown 07/25/2033 (4,253.08)(244.17) 347621 LC-Sr Lien Reserve Fund-1 31392JJ83 FNR 2003-17 HC (1,784.84)Principal Paydown 03/25/2018 (1,696.52)(88.32) 347621 LC-Sr Lien Reserve Fund-1 31393DRM5 FNR 2003-63 YB (7,183.84)Principal Paydown 07/25/2033 (6,789.77)(394.07) Page 10 of 30 ATTACHMENT 4 42 Source Account Account Identifier Description Market Value Transaction Type Final Maturity Base Principal Base Net Total Realized Gain STAMP Portfolio Transaction Report Quarter ended December 31, 2013 347621 LC-Sr Lien Reserve Fund-1 31392JJ83 FNR 2003-17 HC (2,648.96)Principal Paydown 03/25/2018 (2,513.67)(135.29) 347621 LC-Sr Lien Reserve Fund-1 31392JJ83 FNR 2003-17 HC (2,314.75)Principal Paydown 03/25/2018 (2,198.36)(116.39) 347621 LC-Sr Lien Reserve Fund-1 31417YKF3 FN MA0293 (6,323.05)Principal Paydown 01/01/2030 (5,979.90)(343.15) 347621 LC-Sr Lien Reserve Fund-1 31417YKF3 FN MA0293 (4,321.54)Principal Paydown 01/01/2030 (4,087.49)(234.05) 347621 LC-Sr Lien Reserve Fund-1 31417YKF3 FN MA0293 (5,957.32)Principal Paydown 01/01/2030 (5,633.35)(323.97) 347621 LC-Sr Lien Reserve Fund-1 3137A7E22 FHR 3804 DA (14,333.80)Principal Paydown 04/15/2028 (13,849.15)(484.65) 347621 LC-Sr Lien Reserve Fund-1 31385XBG1 FN 555439 (2,316.06)Principal Paydown 03/01/2018 (2,176.25)(139.81) 347621 LC-Sr Lien Reserve Fund-1 31398VWC6 FHR 3653 AT (39,520.80)Principal Paydown 06/15/2028 (38,591.90)(928.90) 347621 LC-Sr Lien Reserve Fund-1 31398VWC6 FHR 3653 AT (38,393.62)Principal Paydown 06/15/2028 (37,539.35)(854.27) 347621 LC-Sr Lien Reserve Fund-1 31385XBG1 FN 555439 (2,238.64)Principal Paydown 03/01/2018 (2,100.76)(137.88) 347621 LC-Sr Lien Reserve Fund-1 38377JZ89 GNR 2010-117 GK (4,178.47)Principal Paydown 10/20/2039 (4,055.42)(123.05) 347621 LC-Sr Lien Reserve Fund-1 31385XBG1 FN 555439 (1,878.37)Principal Paydown 03/01/2018 (1,767.32)(111.05) 347621 LC-Sr Lien Reserve Fund-1 38377RVK8 GNR 2010-166 GP (2,802.22)Principal Paydown 04/20/2039 (2,738.58)(63.64) 347621 LC-Sr Lien Reserve Fund-1 38377JZ89 GNR 2010-117 GK (4,578.11)Principal Paydown 10/20/2039 (4,442.08)(136.03) 347621 LC-Sr Lien Reserve Fund-1 38377JZ89 GNR 2010-117 GK (5,149.50)Principal Paydown 10/20/2039 (4,997.16)(152.34) 347621 LC-Sr Lien Reserve Fund-1 38377RVK8 GNR 2010-166 GP (2,330.77)Principal Paydown 04/20/2039 (2,278.74)(52.03) 347621 LC-Sr Lien Reserve Fund-1 38377RVK8 GNR 2010-166 GP (2,351.79)Principal Paydown 04/20/2039 (2,298.83)(52.96) 347621 LC-Sr Lien Reserve Fund-1 3137A7E22 FHR 3804 DA (7,022.73)Principal Paydown 04/15/2028 (6,781.99)(240.74) 347621 LC-Sr Lien Reserve Fund-1 3137A7E22 FHR 3804 DA (4,731.91)Principal Paydown 04/15/2028 (4,567.50)(164.41) 347621 LC-Sr Lien Reserve Fund-1 3137ASNH3 FHMS K019 A1 (2,180.93)Principal Paydown 09/25/2021 (2,229.52)48.59 347621 LC-Sr Lien Reserve Fund-1 3137ASNH3 FHMS K019 A1 (2,366.74)Principal Paydown 09/25/2021 (2,418.80)52.06 347621 LC-Sr Lien Reserve Fund-1 3137ASNH3 FHMS K019 A1 (2,348.96)Principal Paydown 09/25/2021 (2,401.98)53.02 347621 LC-Sr Lien Reserve Fund-1 31395K5G4 FHR 2898 PE (2,107.11)Principal Paydown 05/15/2033 (2,083.23)(23.88) 347621 LC-Sr Lien Reserve Fund-1 31395EZP5 FHR 2835 MD (3,877.20)Principal Paydown 08/15/2019 (3,673.60)(203.60) 347621 LC-Sr Lien Reserve Fund-1 31395EZP5 FHR 2835 MD (10,347.88)Principal Paydown 08/15/2019 (9,797.94)(549.94) 347621 LC-Sr Lien Reserve Fund-1 31395EZP5 FHR 2835 MD (9,958.15)Principal Paydown 08/15/2019 (9,422.68)(535.47) 347621 LC-Sr Lien Reserve Fund-1 38378TAF7 GNR 2013-71 GA (1,911.98)Principal Paydown 07/20/2041 (1,911.82)(0.16) 347621 LC-Sr Lien Reserve Fund-1 38378TAF7 GNR 2013-71 GA (1,536.81)Principal Paydown 07/20/2041 (1,536.71)(0.10) 347621 LC-Sr Lien Reserve Fund-1 3128MMAK9 FG G18009 (8,864.96)Principal Paydown 09/01/2019 (8,336.87)(528.09) 347621 LC-Sr Lien Reserve Fund-1 3128MMAK9 FG G18009 (10,580.81)Principal Paydown 09/01/2019 (9,957.25)(623.56) 347621 LC-Sr Lien Reserve Fund-1 38378TAF7 GNR 2013-71 GA (823.96)Principal Paydown 07/20/2041 (823.92)(0.04) 347621 LC-Sr Lien Reserve Fund-1 3128MMAK9 FG G18009 (8,006.98)Principal Paydown 09/01/2019 (7,540.25)(466.73) 347621 LC-Sr Lien Reserve Fund-1 31395K5G4 FHR 2898 PE (10,000.04)Principal Paydown 05/15/2033 (9,868.33)(131.71) 347621 LC-Sr Lien Reserve Fund-1 31395K5G4 FHR 2898 PE (6,882.72)Principal Paydown 05/15/2033 (6,798.37)(84.35) 347621 LC-Sr Lien Reserve Fund-1 3138EJ6V5 FN AL2683 (3,018.63)Principal Paydown 09/01/2026 (2,841.58)(177.05) 347621 LC-Sr Lien Reserve Fund-1 31418AFW3 FN MA1080 (6,277.30)Principal Paydown 06/01/2022 (6,078.31)(198.99) 347621 LC-Sr Lien Reserve Fund-1 31418AFW3 FN MA1080 (6,608.72)Principal Paydown 06/01/2022 (6,403.64)(205.08) 347621 LC-Sr Lien Reserve Fund-1 31418AFW3 FN MA1080 (6,242.44)Principal Paydown 06/01/2022 (6,046.66)(195.78) 347621 LC-Sr Lien Reserve Fund-1 3136A4M48 FNA 2012-M3 1A1 (2,973.80)Principal Paydown 01/25/2022 (2,965.90)(7.90) 347621 LC-Sr Lien Reserve Fund-1 3136A4M48 FNA 2012-M3 1A1 (2,747.83)Principal Paydown 01/25/2022 (2,740.65)(7.18) 347621 LC-Sr Lien Reserve Fund-1 3136A4M48 FNA 2012-M3 1A1 (2,994.70)Principal Paydown 01/25/2022 (2,987.01)(7.69) (356,247.70)(345,452.17)(10,795.53) 347621 LC-Sr Lien Reserve Fund-1 61747C715 MORGAN STANLEY LIQ PRIME-IN (506,841.59)Sell 12/31/2013 (506,841.59)- 347621 LC-Sr Lien Reserve Fund-1 61747C715 MORGAN STANLEY LIQ PRIME-IN (142,577.33)Sell 12/31/2013 (142,577.33)- 347621 LC-Sr Lien Reserve Fund-1 61747C715 MORGAN STANLEY LIQ PRIME-IN (202,454.81)Sell 12/31/2013 (202,454.81)- 347621 LC-Sr Lien Reserve Fund-1 61747C715 MORGAN STANLEY LIQ PRIME-IN (171,426.65)Sell 12/31/2013 (171,426.65)- 347621 LC-Sr Lien Reserve Fund-1 31393DRM5 FNR 2003-63 YB (271,173.55)Sell 07/25/2033 (279,604.89)8,434.03 Page 11 of 30 43 Source Account Account Identifier Description Market Value Transaction Type Final Maturity Base Principal Base Net Total Realized Gain STAMP Portfolio Transaction Report Quarter ended December 31, 2013 347621 LC-Sr Lien Reserve Fund-1 61747C715 MORGAN STANLEY LIQ PRIME-IN (20,058.66)Sell 12/31/2013 (20,058.66)- (1,314,532.59)(1,322,963.93)8,434.03 Subtotal - 347621 LC-Sr Lien Reserve Fund-1 113,429.57 947,234.96 (2,074.66) 347623 LC-Sr Lien Ob Fund-1 Interest 01854VX43 AllianceBernstein L.P.499,998.20 Buy 10/04/2013 499,998.20 - 347623 LC-Sr Lien Ob Fund-1 Interest 23333GA61 DTE Energy Company 599,958.00 Buy 01/06/2014 599,958.00 - 347623 LC-Sr Lien Ob Fund-1 Interest 61747C715 MORGAN STANLEY LIQ PRIME-IN 738.62 Buy 12/31/2013 738.62 - 347623 LC-Sr Lien Ob Fund-1 Interest 61747C715 MORGAN STANLEY LIQ PRIME-IN 74,515.36 Buy 12/31/2013 74,515.36 - 347623 LC-Sr Lien Ob Fund-1 Interest 61747C715 MORGAN STANLEY LIQ PRIME-IN 400,000.00 Buy 12/31/2013 400,000.00 - 347623 LC-Sr Lien Ob Fund-1 Interest 61747C715 MORGAN STANLEY LIQ PRIME-IN 531.88 Buy 12/31/2013 531.88 - 347623 LC-Sr Lien Ob Fund-1 Interest 61747C715 MORGAN STANLEY LIQ PRIME-IN 3,496,111.94 Buy 12/31/2013 3,496,111.94 - 347623 LC-Sr Lien Ob Fund-1 Interest 61747C715 MORGAN STANLEY LIQ PRIME-IN 36,328.71 Buy 12/31/2013 36,328.71 - 347623 LC-Sr Lien Ob Fund-1 Interest 61747C715 MORGAN STANLEY LIQ PRIME-IN 28.12 Buy 12/31/2013 28.12 - 347623 LC-Sr Lien Ob Fund-1 Interest 61747C715 MORGAN STANLEY LIQ PRIME-IN 40,557.99 Buy 12/31/2013 40,557.99 - 347623 LC-Sr Lien Ob Fund-1 Interest 61747C715 MORGAN STANLEY LIQ PRIME-IN 4,156.25 Buy 12/31/2013 4,156.25 - 347623 LC-Sr Lien Ob Fund-1 Interest 61747C715 MORGAN STANLEY LIQ PRIME-IN 500,000.00 Buy 12/31/2013 500,000.00 - 347623 LC-Sr Lien Ob Fund-1 Interest 61747C715 MORGAN STANLEY LIQ PRIME-IN 9,000.00 Buy 12/31/2013 9,000.00 - 347623 LC-Sr Lien Ob Fund-1 Interest 61747C715 MORGAN STANLEY LIQ PRIME-IN 39,581.36 Buy 12/31/2013 39,581.36 - 347623 LC-Sr Lien Ob Fund-1 Interest 61747C715 MORGAN STANLEY LIQ PRIME-IN 80,105.83 Buy 12/31/2013 80,105.83 - 347623 LC-Sr Lien Ob Fund-1 Interest 61747C715 MORGAN STANLEY LIQ PRIME-IN 2,062.50 Buy 12/31/2013 2,062.50 - Q ,y , 347623 LC-Sr Lien Ob Fund-1 Interest 61747C715 MORGAN STANLEY LIQ PRIME-IN 22.25 Buy 12/31/2013 22.25 - 347623 LC-Sr Lien Ob Fund-1 Interest 61747C715 MORGAN STANLEY LIQ PRIME-IN 745.97 Buy 12/31/2013 745.97 - 347623 LC-Sr Lien Ob Fund-1 Interest 61747C715 MORGAN STANLEY LIQ PRIME-IN 43,664.30 Buy 12/31/2013 43,664.30 - 347623 LC-Sr Lien Ob Fund-1 Interest 61747C715 MORGAN STANLEY LIQ PRIME-IN 531.88 Buy 12/31/2013 531.88 - 347623 LC-Sr Lien Ob Fund-1 Interest 61747C715 MORGAN STANLEY LIQ PRIME-IN 8,558.22 Buy 12/31/2013 8,558.22 - 347623 LC-Sr Lien Ob Fund-1 Interest 61747C715 MORGAN STANLEY LIQ PRIME-IN 1,235.57 Buy 12/31/2013 1,235.57 - 347623 LC-Sr Lien Ob Fund-1 Interest 61747C715 MORGAN STANLEY LIQ PRIME-IN 14,582.50 Buy 12/31/2013 14,582.50 - 347623 LC-Sr Lien Ob Fund-1 Interest 61747C715 MORGAN STANLEY LIQ PRIME-IN 102,922.76 Buy 12/31/2013 102,922.76 - 347623 LC-Sr Lien Ob Fund-1 Interest 61747C715 MORGAN STANLEY LIQ PRIME-IN 19,375.00 Buy 12/31/2013 19,375.00 - 347623 LC-Sr Lien Ob Fund-1 Interest 31402RBG3 FN 735439 15,684.18 Buy 09/01/2019 15,684.18 - 347623 LC-Sr Lien Ob Fund-1 Interest 65475MAF7 Nissan Motor Acceptance Corporation 749,870.63 Buy 01/15/2014 749,870.63 - 347623 LC-Sr Lien Ob Fund-1 Interest 1248C2ZK5 CBS Corporation 399,922.22 Buy 12/19/2013 399,922.22 - 347623 LC-Sr Lien Ob Fund-1 Interest 31385JLF3 FN 545826 460,355.64 Buy 08/01/2017 460,355.64 - 347623 LC-Sr Lien Ob Fund-1 Interest 913017BW8 UNITED TECHNOLOGIES CORP 245,146.02 Buy 12/02/2013 245,146.02 - 7,846,291.90 7,846,291.90 - 347623 LC-Sr Lien Ob Fund-1 Interest 01854VX43 AllianceBernstein L.P.(500,000.00)Maturity 10/04/2013 (500,000.00)- 347623 LC-Sr Lien Ob Fund-1 Interest 1248C2ZK5 CBS Corporation (400,000.00)Maturity 12/19/2013 (400,000.00)- 347623 LC-Sr Lien Ob Fund-1 Interest 913017BW8 UNITED TECHNOLOGIES CORP (245,000.00)Maturity 12/02/2013 (245,000.00)(0.00) (1,145,000.00)(1,145,000.00)(0.00) 347623 LC-Sr Lien Ob Fund-1 Interest 31402RBG3 FN 735439 (8,063.37)Principal Paydown 09/01/2019 (7,610.74)(452.63) 347623 LC-Sr Lien Ob Fund-1 Interest 31402RBG3 FN 735439 (8,221.86)Principal Paydown 09/01/2019 (7,670.04)(551.82) 347623 LC-Sr Lien Ob Fund-1 Interest 31402RBG3 FN 735439 (8,329.87)Principal Paydown 09/01/2019 (7,853.12)(476.75) 347623 LC-Sr Lien Ob Fund-1 Interest 31393V2T7 FHR 2627 GY (16,527.95)Principal Paydown 06/15/2018 (15,653.52)(874.43) 347623 LC-Sr Lien Ob Fund-1 Interest 31393V2T7 FHR 2627 GY (17,010.50)Principal Paydown 06/15/2018 (16,097.05)(913.45) 347623 LC-Sr Lien Ob Fund-1 Interest 31393V2T7 FHR 2627 GY (14,405.81)Principal Paydown 06/15/2018 (13,655.19)(750.62) 347623 LC-Sr Lien Ob Fund-1 Interest 3136A4M89 FNA 2012-M3 2A1 (1,263.27)Principal Paydown 01/25/2019 (1,255.80)(7.47) Page 12 of 30 44 Source Account Account Identifier Description Market Value Transaction Type Final Maturity Base Principal Base Net Total Realized Gain STAMP Portfolio Transaction Report Quarter ended December 31, 2013 347623 LC-Sr Lien Ob Fund-1 Interest 3136A4M89 FNA 2012-M3 2A1 (1,364.07)Principal Paydown 01/25/2019 (1,355.86)(8.21) 347623 LC-Sr Lien Ob Fund-1 Interest 3136A4M89 FNA 2012-M3 2A1 (1,373.31)Principal Paydown 01/25/2019 (1,365.34)(7.97) 347623 LC-Sr Lien Ob Fund-1 Interest 47787BAC9 JDOT 2012-A A3 (53,307.80)Principal Paydown 03/15/2016 (53,270.83)(36.97) 347623 LC-Sr Lien Ob Fund-1 Interest 47787BAC9 JDOT 2012-A A3 (81,168.48)Principal Paydown 03/15/2016 (81,108.69)(59.79) 347623 LC-Sr Lien Ob Fund-1 Interest 47787BAC9 JDOT 2012-A A3 (61,758.74)Principal Paydown 03/15/2016 (61,711.11)(47.63) 347623 LC-Sr Lien Ob Fund-1 Interest 31385JLF3 FN 545826 (19,908.87)Principal Paydown 08/01/2017 (18,666.75)(1,242.12) 347623 LC-Sr Lien Ob Fund-1 Interest 31385JLF3 FN 545826 (16,022.04)Principal Paydown 08/01/2017 (15,001.50)(1,020.54) 347623 LC-Sr Lien Ob Fund-1 Interest 31393EXC8 FNR 2003-88 TH (2,434.66)Principal Paydown 09/25/2018 (2,302.29)(132.37) 347623 LC-Sr Lien Ob Fund-1 Interest 31393EXC8 FNR 2003-88 TH (2,816.65)Principal Paydown 09/25/2018 (2,665.67)(150.98) 347623 LC-Sr Lien Ob Fund-1 Interest 3136A8G38 FNA 2012-M13 ASQ2 (25,105.63)Principal Paydown 08/25/2017 (25,462.12)356.49 347623 LC-Sr Lien Ob Fund-1 Interest 3137ASNH3 FHMS K019 A1 (2,357.72)Principal Paydown 09/25/2021 (2,418.80)61.08 347623 LC-Sr Lien Ob Fund-1 Interest 31393EXC8 FNR 2003-88 TH (2,829.69)Principal Paydown 09/25/2018 (2,680.19)(149.50) 347623 LC-Sr Lien Ob Fund-1 Interest 3136A8G38 FNA 2012-M13 ASQ2 (779.89) Principal Paydown 08/25/2017 (790.50)10.61 347623 LC-Sr Lien Ob Fund-1 Interest 3137ASNH3 FHMS K019 A1 (2,172.51)Principal Paydown 09/25/2021 (2,229.52)57.01 347623 LC-Sr Lien Ob Fund-1 Interest 3136A8G38 FNA 2012-M13 ASQ2 (689.96) Principal Paydown 08/25/2017 (699.56)9.60 347623 LC-Sr Lien Ob Fund-1 Interest 3137ASNH3 FHMS K019 A1 (2,339.77)Principal Paydown 09/25/2021 (2,401.98)62.21 347623 LC-Sr Lien Ob Fund-1 Interest 36162RAB4 GEEST 2012-1A A2 (39,412.91)Principal Paydown 11/21/2014 (39,398.25)(14.66) 347623 LC-Sr Lien Ob Fund-1 Interest 36162RAB4 GEEST 2012-1A A2 (39,514.44)Principal Paydown 11/21/2014 (39,504.71)(9.73) 347623 LC-Sr Lien Ob Fund-1 Interest 36162RAB4 GEEST 2012-1A A2 (52,699.87)Principal Paydown 11/21/2014 (52,683.50)(16.37) (481,879.63)(475,512.63)(6,367.00) 347623 LC-Sr Lien Ob Fund-1 Interest 61747C715 MORGAN STANLEY LIQ PRIME-IN (1,310,206.03)Sell 12/31/2013 (1,310,206.03)- 347623 LC-Sr Lien Ob Fund-1 Interest 61747C715 MORGAN STANLEY LIQ PRIME-IN (2,666,154.50)Sell 12/31/2013 (2,666,154.50)- 347623 LC-Sr Lien Ob Fund-1 Interest 61747C715 MORGAN STANLEY LIQ PRIME-IN (499,998.20)Sell 12/31/2013 (499,998.20)- 347623 LC-Sr Lien Ob Fund-1 Interest 61747C715 MORGAN STANLEY LIQ PRIME-IN (245,220.42)Sell 12/31/2013 (245,220.42)- 347623 LC-Sr Lien Ob Fund-1 Interest 61747C715 MORGAN STANLEY LIQ PRIME-IN (461,433.76)Sell 12/31/2013 (461,433.76)- 347623 LC-Sr Lien Ob Fund-1 Interest 61747C715 MORGAN STANLEY LIQ PRIME-IN (15,757.99)Sell 12/31/2013 (15,757.99)- 347623 LC-Sr Lien Ob Fund-1 Interest 61747C715 MORGAN STANLEY LIQ PRIME-IN (347,083.51)Sell 12/31/2013 (347,083.51)- 347623 LC-Sr Lien Ob Fund-1 Interest 912828RU6 US TREASURY N/B (3,447,164.05)Sell 11/30/2016 (3,481,265.63)34,099.00 (8,993,018.46)(9,027,120.04)34,099.00 Subtotal - 347623 LC-Sr Lien Ob Fund-1 Interest (2,773,606.18) (2,801,340.77) 27,732.00 347625 LC-Project Fund-2 Senior Lien 37790AZ48 Glencore Funding LLC 3,998,755.56 Buy 12/04/2013 3,998,755.56 - 347625 LC-Project Fund-2 Senior Lien 23337SY81 DTE Gas Company 3,999,200.00 Buy 11/08/2013 3,999,200.00 - 347625 LC-Project Fund-2 Senior Lien 05635NA84 Bacardi Corporation 999,904.17 Buy 01/08/2014 999,904.17 - 347625 LC-Project Fund-2 Senior Lien 27743JXP3 Eastman Chemical Company 3,999,400.00 Buy 10/23/2013 3,999,400.00 - 347625 LC-Project Fund-2 Senior Lien 0020A2YC0 AT&T Inc.2,499,305.55 Buy 11/12/2013 2,499,305.55 - 347625 LC-Project Fund-2 Senior Lien 47836JZH5 Johnson Controls, Inc.3,999,194.44 Buy 12/17/2013 3,999,194.44 - 347625 LC-Project Fund-2 Senior Lien 74433GY18 Prudential Funding LLC 1,499,995.00 Buy 11/01/2013 1,499,995.00 - 347625 LC-Project Fund-2 Senior Lien 65475LZB1 Nissan Motor Acceptance Corporation 2,699,968.50 Buy 12/11/2013 2,699,968.50 - 347625 LC-Project Fund-2 Senior Lien 78573FAH2 Sabmiller Holdings Inc.3,999,100.00 Buy 01/17/2014 3,999,100.00 - 347625 LC-Project Fund-2 Senior Lien 3703E0Y79 General Mills, Inc.2,999,190.00 Buy 11/07/2013 2,999,190.00 - 347625 LC-Project Fund-2 Senior Lien 25490CYK7 DIRECTV Holdings LLC 3,998,805.55 Buy 11/19/2013 3,998,805.55 - 347625 LC-Project Fund-2 Senior Lien 20911LY45 Consolidated Edison Company of New York, Inc.4,499,825.00 Buy 11/04/2013 4,499,825.00 - 347625 LC-Project Fund-2 Senior Lien 44890MZ96 Hyundai Capital America 3,999,310.00 Buy 12/09/2013 3,999,310.00 - 347625 LC-Project Fund-2 Senior Lien 66439TY51 Northeast Utilities 4,499,763.75 Buy 11/05/2013 4,499,763.75 - 347625 LC-Project Fund-2 Senior Lien 57163TZ44 Marriott International, Inc.3,399,365.32 Buy 12/04/2013 3,399,365.32 - 347625 LC-Project Fund-2 Senior Lien 23333GA61 DTE Energy Company 3,999,720.00 Buy 01/06/2014 3,999,720.00 - Page 13 of 30 45 Source Account Account Identifier Description Market Value Transaction Type Final Maturity Base Principal Base Net Total Realized Gain STAMP Portfolio Transaction Report Quarter ended December 31, 2013 347625 LC-Project Fund-2 Senior Lien 26244JA66 Duke Energy Corporation 1,999,694.44 Buy 01/06/2014 1,999,694.44 - 347625 LC-Project Fund-2 Senior Lien 61747C715 MORGAN STANLEY LIQ PRIME-IN 8,000,000.00 Buy 12/31/2013 8,000,000.00 - 347625 LC-Project Fund-2 Senior Lien 61747C715 MORGAN STANLEY LIQ PRIME-IN 11,400,000.00 Buy 12/31/2013 11,400,000.00 - 347625 LC-Project Fund-2 Senior Lien 61747C715 MORGAN STANLEY LIQ PRIME-IN 13,500,195.51 Buy 12/31/2013 13,500,195.51 - 347625 LC-Project Fund-2 Senior Lien 61747C715 MORGAN STANLEY LIQ PRIME-IN 8,000,200.39 Buy 12/31/2013 8,000,200.39 - 347625 LC-Project Fund-2 Senior Lien 61747C715 MORGAN STANLEY LIQ PRIME-IN 790.24 Buy 12/31/2013 790.24 - 347625 LC-Project Fund-2 Senior Lien 61747C715 MORGAN STANLEY LIQ PRIME-IN 220.00 Buy 12/31/2013 220.00 - 347625 LC-Project Fund-2 Senior Lien 61747C715 MORGAN STANLEY LIQ PRIME-IN 5,526,003.93 Buy 12/31/2013 5,526,003.93 - 347625 LC-Project Fund-2 Senior Lien 61747C715 MORGAN STANLEY LIQ PRIME-IN 4,849,398.03 Buy 12/31/2013 4,849,398.03 - 347625 LC-Project Fund-2 Senior Lien 61747C715 MORGAN STANLEY LIQ PRIME-IN 900.00 Buy 12/31/2013 900.00 - 347625 LC-Project Fund-2 Senior Lien 61747C715 MORGAN STANLEY LIQ PRIME-IN 4,000,000.00 Buy 12/31/2013 4,000,000.00 - 347625 LC-Project Fund-2 Senior Lien 61747C715 MORGAN STANLEY LIQ PRIME-IN 1,300,031.50 Buy 12/31/2013 1,300,031.50 - 347625 LC-Project Fund-2 Senior Lien 61747C715 MORGAN STANLEY LIQ PRIME-IN 4,000,000.00 Buy 12/31/2013 4,000,000.00 - 347625 LC-Project Fund-2 Senior Lien 61747C715 MORGAN STANLEY LIQ PRIME-IN 1,200,014.00 Buy 12/31/2013 1,200,014.00 - 347625 LC-Project Fund-2 Senior Lien 61747C715 MORGAN STANLEY LIQ PRIME-IN 2,000,000.00 Buy 12/31/2013 2,000,000.00 - 347625 LC-Project Fund-2 Senior Lien 61747C715 MORGAN STANLEY LIQ PRIME-IN 5,001,451.71 Buy 12/31/2013 5,001,451.71 - 347625 LC-Project Fund-2 Senior Lien 61747C715 MORGAN STANLEY LIQ PRIME-IN 10,298.59 Buy 12/31/2013 10,298.59 - 347625 LC-Project Fund-2 Senior Lien 61747C715 MORGAN STANLEY LIQ PRIME-IN 1,401,969.67 Buy 12/31/2013 1,401,969.67 - 347625 LC-Project Fund-2 Senior Lien 61747C715 MORGAN STANLEY LIQ PRIME-IN 2,002,236.68 Buy 12/31/2013 2,002,236.68 - 347625 LC-Project Fund-2 Senior Lien 61747C715 MORGAN STANLEY LIQ PRIME-IN 2,908,800.00 Buy 12/31/2013 2,908,800.00 - 347625 LC-Project Fund-2 Senior Lien 61747C715 MORGAN STANLEY LIQ PRIME-IN 3,000,000.00 Buy 12/31/2013 3,000,000.00 - 347625 LC-Project Fund-2 Senior Lien 61747C715 MORGAN STANLEY LIQ PRIME-IN 10,508,517.35 Buy 12/31/2013 10,508,517.35 - 347625 LC-Project Fund-2 Senior Lien 61747C715 MORGAN STANLEY LIQ PRIME-IN 7,485,033.61 Buy 12/31/2013 7,485,033.61 - 347625 LC-Project Fund-2 Senior Lien 61747C715 MORGAN STANLEY LIQ PRIME-IN 5,054,017.61 Buy 12/31/2013 5,054,017.61 - 347625 LC-Project Fund-2 Senior Lien 01854VXU5 AllianceBernstein L.P.889,991.10 Buy 10/28/2013 889,991.10 - 347625 LC-Project Fund-2 Senior Lien 61747C715 MORGAN STANLEY LIQ PRIME-IN 4,500,000.00 Buy 12/31/2013 4,500,000.00 - 347625 LC-Project Fund-2 Senior Lien 61747C715 MORGAN STANLEY LIQ PRIME-IN 8,500,143.31 Buy 12/31/2013 8,500,143.31 - 347625 LC-Project Fund-2 Senior Lien 61747C715 MORGAN STANLEY LIQ PRIME-IN 1,500,000.00 Buy 12/31/2013 1,500,000.00 - 347625 LC-Project Fund-2 Senior Lien 61747C715 MORGAN STANLEY LIQ PRIME-IN 3,624,690.99 Buy 12/31/2013 3,624,690.99 - 347625 LC-Project Fund-2 Senior Lien 61747C715 MORGAN STANLEY LIQ PRIME-IN 390,676.17 Buy 12/31/2013 390,676.17 - 347625 LC-Project Fund-2 Senior Lien 61747C715 MORGAN STANLEY LIQ PRIME-IN 1,390,036.42 Buy 12/31/2013 1,390,036.42 - 347625 LC-Project Fund-2 Senior Lien 61747C715 MORGAN STANLEY LIQ PRIME-IN 934.44 Buy 12/31/2013 934.44 - 347625 LC-Project Fund-2 Senior Lien 61747C715 MORGAN STANLEY LIQ PRIME-IN 39,103.02 Buy 12/31/2013 39,103.02 - 347625 LC-Project Fund-2 Senior Lien 61747C715 MORGAN STANLEY LIQ PRIME-IN 8,000,746.67 Buy 12/31/2013 8,000,746.67 - 347625 LC-Project Fund-2 Senior Lien 61747C715 MORGAN STANLEY LIQ PRIME-IN 10,501,624.44 Buy 12/31/2013 10,501,624.44 - 347625 LC-Project Fund-2 Senior Lien 20911LZ36 Consolidated Edison Company of New York, Inc.3,999,780.00 Buy 12/03/2013 3,999,780.00 - 347625 LC-Project Fund-2 Senior Lien 78573EYN6 Sabmiller Holdings Inc.3,998,933.32 Buy 11/22/2013 3,998,933.32 - 347625 LC-Project Fund-2 Senior Lien 05333TY64 AutoZone, Inc.3,999,075.56 Buy 11/06/2013 3,999,075.56 - 347625 LC-Project Fund-2 Senior Lien 18905LZH7 The Clorox Company 3,999,253.33 Buy 12/17/2013 3,999,253.33 - 347625 LC-Project Fund-2 Senior Lien 64985JY15 New York State Electric & Gas Corporation 4,524,973.62 Buy 11/01/2013 4,524,973.62 - 347625 LC-Project Fund-2 Senior Lien 37790BA68 Glencore Funding LLC 1,374,553.13 Buy 01/06/2014 1,374,553.13 - 347625 LC-Project Fund-2 Senior Lien 37331WZX2 Georgia-Pacific LLC 1,999,757.22 Buy 12/31/2013 1,999,757.22 - 347625 LC-Project Fund-2 Senior Lien 78573EZD7 Sabmiller Holdings Inc.3,999,065.56 Buy 12/13/2013 3,999,065.56 - 347625 LC-Project Fund-2 Senior Lien 91842MAE2 VW Credit, Inc.2,749,503.46 Buy 01/14/2014 2,749,503.46 - 347625 LC-Project Fund-2 Senior Lien 78355AYK4 Ryder System, Inc.- Buy 11/19/2013 3,999,520.00 - 347625 LC-Project Fund-2 Senior Lien 74433GY42 Prudential Funding LLC 3,999,960.00 Buy 11/04/2013 3,999,960.00 - 347625 LC-Project Fund-2 Senior Lien 29251UZB7 Enbridge (U.S.) Inc.3,999,065.56 Buy 12/11/2013 3,999,065.56 - 347625 LC-Project Fund-2 Senior Lien 27743JZ30 Eastman Chemical Company 3,999,377.78 Buy 12/03/2013 3,999,377.78 - Page 14 of 30 46 Source Account Account Identifier Description Market Value Transaction Type Final Maturity Base Principal Base Net Total Realized Gain STAMP Portfolio Transaction Report Quarter ended December 31, 2013 347625 LC-Project Fund-2 Senior Lien 57163UA89 Marriott International, Inc.1,299,801.39 Buy 01/08/2014 1,299,801.39 - 347625 LC-Project Fund-2 Senior Lien 57163UA89 Marriott International, Inc.1,799,650.01 Buy 01/08/2014 1,799,650.01 - 347625 LC-Project Fund-2 Senior Lien 17181BAN0 CIGNA Corporation 2,499,395.83 Buy 01/22/2014 2,499,395.83 - 347625 LC-Project Fund-2 Senior Lien 3134G3JU5 FREDDIE MAC 2,161,846.50 Buy 01/23/2017 2,161,846.50 - 347625 LC-Project Fund-2 Senior Lien 65475LYC0 Nissan Motor Acceptance Corporation 3,999,010.00 Buy 11/12/2013 3,999,010.00 - 347625 LC-Project Fund-2 Senior Lien 06538CA76 The Bank of Tokyo-Mitsubishi UFJ, Ltd.799,986.00 Buy 01/07/2014 799,986.00 - 347625 LC-Project Fund-2 Senior Lien 91842LYC2 VW Credit, Inc.3,998,916.67 Buy 11/12/2013 3,998,916.67 - 347625 LC-Project Fund-2 Senior Lien 60920VZW5 Mondelez International Inc 1,999,800.00 Buy 12/30/2013 1,999,800.00 - 347625 LC-Project Fund-2 Senior Lien 57708LYK8 Mattel, Inc.3,998,753.32 Buy 11/19/2013 3,998,753.32 - 347625 LC-Project Fund-2 Senior Lien 27743JYC1 Eastman Chemical Company 3,998,755.56 Buy 11/12/2013 3,998,755.56 - 347625 LC-Project Fund-2 Senior Lien 74433GYF7 Prudential Funding LLC 3,999,945.55 Buy 11/15/2013 3,999,945.55 - 347625 LC-Project Fund-2 Senior Lien 27743KA34 Eastman Chemical Company 1,799,666.50 Buy 01/03/2014 1,799,666.50 - 347625 LC-Project Fund-2 Senior Lien 20911MA72 Consolidated Edison Company of New York, Inc.3,999,700.00 Buy 01/07/2014 3,999,700.00 - 347625 LC-Project Fund-2 Senior Lien 1248C3AA2 CBS Corporation 3,299,557.24 Buy 01/10/2014 3,299,557.24 - 347625 LC-Project Fund-2 Senior Lien 37790BAM3 Glencore Funding LLC 1,999,275.00 Buy 01/21/2014 1,999,275.00 - 347625 LC-Project Fund-2 Senior Lien 01854VXR2 AllianceBernstein L.P.1,699,994.34 Buy 10/25/2013 1,699,994.34 - 347625 LC-Project Fund-2 Senior Lien 1248C2Z25 CBS Corporation 3,999,361.12 Buy 12/02/2013 3,999,361.12 - 347625 LC-Project Fund-2 Senior Lien 00287BXG9 AbbVie Inc.1,999,867.78 Buy 10/16/2013 1,999,867.78 - 347625 LC-Project Fund-2 Senior Lien 6362P2YF7 National Grid USA Service Company, Inc.2,599,120.33 Buy 11/15/2013 2,599,120.33 - 347625 LC-Project Fund-2 Senior Lien 19122WZ54 Coca-Cola Refreshments USA, Inc.3,999,560.00 Buy 12/05/2013 3,999,560.00 - 347625 LC-Project Fund-2 Senior Lien 65475LZ21 Nissan Motor Acceptance Corporation 3,999,220.00 Buy 12/02/2013 3,999,220.00 - 347625 LC-Project Fund-2 Senior Lien 23337SZC1 DTE Gas Company 3,999,131.12 Buy 12/12/2013 3,999,131.12 - 347625 LC-Project Fund-2 Senior Lien 78355AZH0 Ryder System, Inc.3,999,253.33 Buy 12/17/2013 3,999,253.33 - 347625 LC-Project Fund-2 Senior Lien 44890MY14 Hyundai Capital America 4,499,752.50 Buy 11/01/2013 4,499,752.50 - 347625 LC-Project Fund-2 Senior Lien 44890MY14 Hyundai Capital America 945,987.39 Buy 11/01/2013 945,987.39 - 347625 LC-Project Fund-2 Senior Lien 65475MAD2 Nissan Motor Acceptance Corporation 3,999,250.00 Buy 01/13/2014 3,999,250.00 - 347625 LC-Project Fund-2 Senior Lien 161571EZ3 CHAIT 2011-A3 A3 485,018.95 Buy 12/15/2015 485,018.95 - 347625 LC-Project Fund-2 Senior Lien 01854VXQ4 AllianceBernstein L.P.1,124,996.25 Buy 10/24/2013 1,124,996.25 - 347625 LC-Project Fund-2 Senior Lien 49455AZ56 Kinder Morgan Energy Partners, L.P.3,999,466.67 Buy 12/05/2013 3,999,466.67 - 347625 LC-Project Fund-2 Senior Lien 4335P2ZJ6 Hitachi America Capital, Ltd.3,999,217.76 Buy 12/18/2013 3,999,217.76 - 347625 LC-Project Fund-2 Senior Lien 161571EZ3 CHAIT 2011-A3 A3 980,000.00 Buy 12/15/2015 980,000.00 - 347625 LC-Project Fund-2 Senior Lien 92344LY66 Verizon Communications Inc.1,999,936.66 Buy 11/06/2013 1,999,936.66 - 347625 LC-Project Fund-2 Senior Lien 2925A2YC8 Enbridge Energy Partners, L.P.3,998,506.68 Buy 11/12/2013 3,998,506.68 - 347625 LC-Project Fund-2 Senior Lien 2574P0Y16 Dominion Resources, Inc.3,999,133.32 Buy 11/01/2013 3,999,133.32 - 347625 LC-Project Fund-2 Senior Lien 17181AY14 CIGNA Corporation 3,999,395.56 Buy 11/01/2013 3,999,395.56 - 347625 LC-Project Fund-2 Senior Lien 27743KA67 Eastman Chemical Company 1,799,623.01 Buy 01/06/2014 1,799,623.01 - 347625 LC-Project Fund-2 Senior Lien 60920VZ39 Mondelez International Inc 3,999,340.00 Buy 12/03/2013 3,999,340.00 - 347625 LC-Project Fund-2 Senior Lien 92344LYE9 Verizon Communications Inc.3,999,880.00 Buy 11/14/2013 3,999,880.00 - 347625 LC-Project Fund-2 Senior Lien 37790AYM9 Glencore Funding LLC 3,998,775.56 Buy 11/21/2013 3,998,775.56 - 347625 LC-Project Fund-2 Senior Lien 05634BZ43 Bacardi U.S.A., Inc.3,999,493.33 Buy 12/04/2013 3,999,493.33 - 347625 LC-Project Fund-2 Senior Lien 13638WXN7 Canadian Natural Resources Limited 1,499,766.66 Buy 10/22/2013 1,499,766.66 - 347625 LC-Project Fund-2 Senior Lien 1248C2Y18 CBS Corporation 3,999,305.56 Buy 11/01/2013 3,999,305.56 - 347625 LC-Project Fund-2 Senior Lien 2524H4YS3 Diageo Capital PLC 3,998,693.32 Buy 11/26/2013 3,998,693.32 - 347625 LC-Project Fund-2 Senior Lien 0020A2ZG0 AT&T Inc.3,998,960.00 Buy 12/16/2013 3,998,960.00 - 347625 LC-Project Fund-2 Senior Lien 74433GX84 Prudential Funding LLC 999,993.33 Buy 10/08/2013 999,993.33 - 347625 LC-Project Fund-2 Senior Lien 13638WZA3 Canadian Natural Resources Limited 3,999,100.00 Buy 12/10/2013 3,999,100.00 - 347625 LC-Project Fund-2 Senior Lien 19122WYJ5 Coca-Cola Refreshments USA, Inc.3,998,755.56 Buy 11/18/2013 3,998,755.56 - 347625 LC-Project Fund-2 Senior Lien 49455BAA0 Kinder Morgan Energy Partners, L.P.3,999,416.68 Buy 01/10/2014 3,999,416.68 - Page 15 of 30 47 Source Account Account Identifier Description Market Value Transaction Type Final Maturity Base Principal Base Net Total Realized Gain STAMP Portfolio Transaction Report Quarter ended December 31, 2013 347625 LC-Project Fund-2 Senior Lien 2003A3AH7 Comcast Corporation 1,999,569.44 Buy 01/17/2014 1,999,569.44 - 347625 LC-Project Fund-2 Senior Lien 74433GXV3 Prudential Funding LLC 1,349,937.00 Buy 10/29/2013 1,349,937.00 - 389,842,659.98 393,842,179.98 - 347625 LC-Project Fund-2 Senior Lien 97689RAH7 WI HSG-VAR-TXB-B-MFH (10,000.00)Call Redemption 04/01/2046 (10,000.00)- 347625 LC-Project Fund-2 Senior Lien 882722LC3 TX VAR-REF-TXB-VETS (1,065,000.00)Call Redemption 06/01/2031 (1,065,000.00)- 347625 LC-Project Fund-2 Senior Lien 161571EZ3 CHAIT 2011-A3 A3 - Call Redemption 12/15/2015 -- (1,075,000.00)(1,075,000.00)- 347625 LC-Project Fund-2 Senior Lien 37790AZ48 Glencore Funding LLC (4,000,000.00)Maturity 12/04/2013 (4,000,000.00)- 347625 LC-Project Fund-2 Senior Lien 47836JZH5 Johnson Controls, Inc.(4,000,000.00)Maturity 12/17/2013 (4,000,000.00)- 347625 LC-Project Fund-2 Senior Lien 27743JXP3 Eastman Chemical Company (4,000,000.00)Maturity 10/23/2013 (4,000,000.00)- 347625 LC-Project Fund-2 Senior Lien 1248C2X76 CBS Corporation (3,400,000.00)Maturity 10/07/2013 (3,400,000.00)- 347625 LC-Project Fund-2 Senior Lien 0020A2YC0 AT&T Inc.(2,500,000.00)Maturity 11/12/2013 (2,500,000.00)- 347625 LC-Project Fund-2 Senior Lien 74433GY18 Prudential Funding LLC (1,500,000.00)Maturity 11/01/2013 (1,500,000.00)- 347625 LC-Project Fund-2 Senior Lien 65475LZB1 Nissan Motor Acceptance Corporation (2,700,000.00)Maturity 12/11/2013 (2,700,000.00)- 347625 LC-Project Fund-2 Senior Lien 05968GY72 Banco Santander-Chile (3,000,000.00)Maturity 11/07/2013 (3,000,000.00)- 347625 LC-Project Fund-2 Senior Lien 20911LY45 Consolidated Edison Company of New York, Inc.(4,500,000.00)Maturity 11/04/2013 (4,500,000.00)- 347625 LC-Project Fund-2 Senior Lien 3703E0Y79 General Mills, Inc.(3,000,000.00)Maturity 11/07/2013 (3,000,000.00)- 347625 LC-Project Fund-2 Senior Lien 25490CYK7 DIRECTV Holdings LLC (4,000,000.00)Maturity 11/19/2013 (4,000,000.00)- 347625 LC-Project Fund-2 Senior Lien 91842LX41 VW Credit, Inc.(4,000,000.00)Maturity 10/04/2013 (4,000,000.00)- 347625 LC-Project Fund-2 Senior Lien 44890MZ96 Hyundai Capital America (4,000,000.00) Maturity 12/09/2013 (4,000,000.00)- 347625 LC-Project Fund-2 Senior Lien 78355AXG4 Ryder System, Inc.(4,000,000.00)Maturity 10/16/2013 (4,000,000.00)- 347625 LC-Project Fund-2 Senior Lien 66439TY51 Northeast Utilities (4,500,000.00)Maturity 11/05/2013 (4,500,000.00)- 347625 LC-Project Fund-2 Senior Lien 41805BXV3 Hasbro, Inc.(3,700,000.00)Maturity 10/29/2013 (3,700,000.00)- 347625 LC-Project Fund-2 Senior Lien 57163TZ44 Marriott International, Inc.(3,400,000.00) Maturity 12/04/2013 (3,400,000.00)- 347625 LC-Project Fund-2 Senior Lien 42823JXW0 Hewlett-Packard Company (3,500,000.00)Maturity 10/30/2013 (3,500,000.00)- 347625 LC-Project Fund-2 Senior Lien 05634BXP8 Bacardi U.S.A., Inc.(3,000,000.00)Maturity 10/23/2013 (3,000,000.00)- 347625 LC-Project Fund-2 Senior Lien 65475LXU1 Nissan Motor Acceptance Corporation (4,000,000.00)Maturity 10/28/2013 (4,000,000.00)- 347625 LC-Project Fund-2 Senior Lien 2254EAZ30 Credit Suisse (USA), Inc.(1,500,000.00)Maturity 12/03/2013 (1,500,000.00)- 347625 LC-Project Fund-2 Senior Lien 01854VXU5 AllianceBernstein L.P.(890,000.00)Maturity 10/28/2013 (890,000.00)- 347625 LC-Project Fund-2 Senior Lien 18905LZH7 The Clorox Company (4,000,000.00)Maturity 12/17/2013 (4,000,000.00)- 347625 LC-Project Fund-2 Senior Lien 20911LZ36 Consolidated Edison Company of New York, Inc.(4,000,000.00)Maturity 12/03/2013 (4,000,000.00)- 347625 LC-Project Fund-2 Senior Lien 23337SY81 DTE Gas Company (4,000,000.00)Maturity 11/08/2013 (4,000,000.00)- 347625 LC-Project Fund-2 Senior Lien 05333TY64 AutoZone, Inc.(4,000,000.00)Maturity 11/06/2013 (4,000,000.00)- 347625 LC-Project Fund-2 Senior Lien 78573EYN6 Sabmiller Holdings Inc.(4,000,000.00)Maturity 11/22/2013 (4,000,000.00)- 347625 LC-Project Fund-2 Senior Lien 2574P0X74 Dominion Resources, Inc.(4,000,000.00)Maturity 10/07/2013 (4,000,000.00)- 347625 LC-Project Fund-2 Senior Lien 37331WZX2 Georgia-Pacific LLC (2,000,000.00)Maturity 12/31/2013 (2,000,000.00)- 347625 LC-Project Fund-2 Senior Lien 64985JY15 New York State Electric & Gas Corporation (4,525,000.00)Maturity 11/01/2013 (4,525,000.00)- 347625 LC-Project Fund-2 Senior Lien 5006E0ZC3 The Korea Development Bank (1,500,000.00)Maturity 12/12/2013 (1,500,000.00)- 347625 LC-Project Fund-2 Senior Lien 78573EZD7 Sabmiller Holdings Inc.(4,000,000.00)Maturity 12/13/2013 (4,000,000.00)- 347625 LC-Project Fund-2 Senior Lien 27805AXF9 Eaton Corporation (3,400,000.00)Maturity 10/15/2013 (3,400,000.00)- 347625 LC-Project Fund-2 Senior Lien 78355AYK4 Ryder System, Inc.(4,000,000.00)Maturity 11/19/2013 (4,000,000.00)- 347625 LC-Project Fund-2 Senior Lien 15103GX94 Celgene Corporation (3,000,000.00)Maturity 10/09/2013 (3,000,000.00)- 347625 LC-Project Fund-2 Senior Lien 74433GY42 Prudential Funding LLC (4,000,000.00)Maturity 11/04/2013 (4,000,000.00)- 347625 LC-Project Fund-2 Senior Lien 05635MX24 Bacardi Corporation (3,500,000.00)Maturity 10/02/2013 (3,500,000.00)- 347625 LC-Project Fund-2 Senior Lien 29251UZB7 Enbridge (U.S.) Inc.(4,000,000.00)Maturity 12/11/2013 (4,000,000.00)- 347625 LC-Project Fund-2 Senior Lien 9497K2XH0 WellPoint, Inc.(2,000,000.00)Maturity 10/17/2013 (2,000,000.00)- Page 16 of 30 48 Source Account Account Identifier Description Market Value Transaction Type Final Maturity Base Principal Base Net Total Realized Gain STAMP Portfolio Transaction Report Quarter ended December 31, 2013 347625 LC-Project Fund-2 Senior Lien 27743JZ30 Eastman Chemical Company (4,000,000.00)Maturity 12/03/2013 (4,000,000.00)- 347625 LC-Project Fund-2 Senior Lien 0020A2XM9 AT&T Inc.(3,400,000.00)Maturity 10/21/2013 (3,400,000.00)- 347625 LC-Project Fund-2 Senior Lien 449786AF9 ING BANK NV (2,880,000.00)Maturity 10/18/2013 (2,880,000.00)- 347625 LC-Project Fund-2 Senior Lien 60920VZW5 Mondelez International Inc (2,000,000.00)Maturity 12/30/2013 (2,000,000.00)- 347625 LC-Project Fund-2 Senior Lien 65475LYC0 Nissan Motor Acceptance Corporation (4,000,000.00)Maturity 11/12/2013 (4,000,000.00)- 347625 LC-Project Fund-2 Senior Lien 91842LYC2 VW Credit, Inc.(4,000,000.00)Maturity 11/12/2013 (4,000,000.00)- 347625 LC-Project Fund-2 Senior Lien 37331WXA4 Georgia-Pacific LLC (4,000,000.00)Maturity 10/10/2013 (4,000,000.00)- 347625 LC-Project Fund-2 Senior Lien 9497K2XA5 WellPoint, Inc.(3,000,000.00)Maturity 10/10/2013 (3,000,000.00)- 347625 LC-Project Fund-2 Senior Lien 57708LYK8 Mattel, Inc.(4,000,000.00)Maturity 11/19/2013 (4,000,000.00)- 347625 LC-Project Fund-2 Senior Lien 25490CX36 DIRECTV Holdings LLC (3,000,000.00)Maturity 10/03/2013 (3,000,000.00)- 347625 LC-Project Fund-2 Senior Lien 74433GYF7 Prudential Funding LLC (4,000,000.00)Maturity 11/15/2013 (4,000,000.00)- 347625 LC-Project Fund-2 Senior Lien 60920VY63 Mondelez International Inc (4,000,000.00)Maturity 11/06/2013 (4,000,000.00)- 347625 LC-Project Fund-2 Senior Lien 27743JYC1 Eastman Chemical Company (4,000,000.00)Maturity 11/12/2013 (4,000,000.00)- 347625 LC-Project Fund-2 Senior Lien 01854VXR2 AllianceBernstein L.P.(1,700,000.00)Maturity 10/25/2013 (1,700,000.00)- 347625 LC-Project Fund-2 Senior Lien 4335P2ZJ6 Hitachi America Capital, Ltd.(4,000,000.00) Maturity 12/18/2013 (4,000,000.00)- 347625 LC-Project Fund-2 Senior Lien 44890MXA5 Hyundai Capital America (3,500,000.00)Maturity 10/10/2013 (3,500,000.00)- 347625 LC-Project Fund-2 Senior Lien 1248C2Z25 CBS Corporation (4,000,000.00)Maturity 12/02/2013 (4,000,000.00)- 347625 LC-Project Fund-2 Senior Lien 00287BXG9 AbbVie Inc.(2,000,000.00)Maturity 10/16/2013 (2,000,000.00)- 347625 LC-Project Fund-2 Senior Lien 65475LZ21 Nissan Motor Acceptance Corporation (4,000,000.00)Maturity 12/02/2013 (4,000,000.00)- 347625 LC-Project Fund-2 Senior Lien 6362P2YF7 National Grid USA Service Company, Inc.(2,600,000.00)Maturity 11/15/2013 (2,600,000.00)- 347625 LC-Project Fund-2 Senior Lien 19122WZ54 Coca-Cola Refreshments USA, Inc.(4,000,000.00)Maturity 12/05/2013 (4,000,000.00)- 347625 LC-Project Fund-2 Senior Lien 78355AZH0 Ryder System, Inc.(4,000,000.00)Maturity 12/17/2013 (4,000,000.00)- 347625 LC-Project Fund-2 Senior Lien 44890MY14 Hyundai Capital America (5,446,000.00)Maturity 11/01/2013 (5,446,000.00)- 347625 LC-Project Fund-2 Senior Lien 27743JX24 Eastman Chemical Company (3,500,000.00)Maturity 10/02/2013 (3,500,000.00)- 347625 LC-Project Fund-2 Senior Lien 49455AZ56 Kinder Morgan Energy Partners, L.P.(4,000,000.00)Maturity 12/05/2013 (4,000,000.00)- 347625 LC-Project Fund-2 Senior Lien 01854VXQ4 AllianceBernstein L.P.(1,125,000.00)Maturity 10/24/2013 (1,125,000.00)- 347625 LC-Project Fund-2 Senior Lien 23337SZC1 DTE Gas Company (4,000,000.00)Maturity 12/12/2013 (4,000,000.00)- 347625 LC-Project Fund-2 Senior Lien 59259YE62 MET TRANSPRTN AUTH-D (1,740,000.00)Maturity 11/15/2013 (1,740,000.00)- 347625 LC-Project Fund-2 Senior Lien 92344LY66 Verizon Communications Inc.(2,000,000.00)Maturity 11/06/2013 (2,000,000.00)- 347625 LC-Project Fund-2 Senior Lien 25179KXG7 Devon Energy Corporation (4,000,000.00)Maturity 10/16/2013 (4,000,000.00)- 347625 LC-Project Fund-2 Senior Lien 2925A2YC8 Enbridge Energy Partners, L.P.(4,000,000.00)Maturity 11/12/2013 (4,000,000.00)- 347625 LC-Project Fund-2 Senior Lien 2574P0Y16 Dominion Resources, Inc.(4,000,000.00)Maturity 11/01/2013 (4,000,000.00)- 347625 LC-Project Fund-2 Senior Lien 60920VZ39 Mondelez International Inc (4,000,000.00)Maturity 12/03/2013 (4,000,000.00)- 347625 LC-Project Fund-2 Senior Lien 17181AY14 CIGNA Corporation (4,000,000.00)Maturity 11/01/2013 (4,000,000.00)- 347625 LC-Project Fund-2 Senior Lien 57163TXW4 Marriott International, Inc.(4,000,000.00)Maturity 10/30/2013 (4,000,000.00)- 347625 LC-Project Fund-2 Senior Lien 92344LYE9 Verizon Communications Inc.(4,000,000.00)Maturity 11/14/2013 (4,000,000.00)- 347625 LC-Project Fund-2 Senior Lien 13638WXN7 Canadian Natural Resources Limited (1,500,000.00)Maturity 10/22/2013 (1,500,000.00)- 347625 LC-Project Fund-2 Senior Lien 05634BZ43 Bacardi U.S.A., Inc.(4,000,000.00)Maturity 12/04/2013 (4,000,000.00)- 347625 LC-Project Fund-2 Senior Lien 74977KXF1 Rabobank USA Financial Corporation (5,000,000.00)Maturity 10/15/2013 (5,000,000.00)- 347625 LC-Project Fund-2 Senior Lien 20911LX20 Consolidated Edison Company of New York, Inc.(4,000,000.00)Maturity 10/02/2013 (4,000,000.00)- 347625 LC-Project Fund-2 Senior Lien 1248C2Y18 CBS Corporation (4,000,000.00)Maturity 11/01/2013 (4,000,000.00)- 347625 LC-Project Fund-2 Senior Lien 2524H4YS3 Diageo Capital PLC (4,000,000.00)Maturity 11/26/2013 (4,000,000.00)- 347625 LC-Project Fund-2 Senior Lien 37790AYM9 Glencore Funding LLC (4,000,000.00)Maturity 11/21/2013 (4,000,000.00)- 347625 LC-Project Fund-2 Senior Lien 13638WZA3 Canadian Natural Resources Limited (4,000,000.00)Maturity 12/10/2013 (4,000,000.00)- 347625 LC-Project Fund-2 Senior Lien 74433GX84 Prudential Funding LLC (1,000,000.00)Maturity 10/08/2013 (1,000,000.00)- 347625 LC-Project Fund-2 Senior Lien 19122WYJ5 Coca-Cola Refreshments USA, Inc.(4,000,000.00)Maturity 11/18/2013 (4,000,000.00)- 347625 LC-Project Fund-2 Senior Lien 0020A2ZG0 AT&T Inc.(4,000,000.00)Maturity 12/16/2013 (4,000,000.00)- 347625 LC-Project Fund-2 Senior Lien 38141GDQ4 GOLDMAN SACHS GROUP INC (6,674,000.00)Maturity 10/15/2013 (6,674,000.00)- Page 17 of 30 49 Source Account Account Identifier Description Market Value Transaction Type Final Maturity Base Principal Base Net Total Realized Gain STAMP Portfolio Transaction Report Quarter ended December 31, 2013 347625 LC-Project Fund-2 Senior Lien 24422ERJ0 JOHN DEERE CAPITAL CORP (5,000,000.00)Maturity 10/04/2013 (5,000,000.00)0.00 347625 LC-Project Fund-2 Senior Lien 74433GXV3 Prudential Funding LLC (4,350,000.00)Maturity 10/29/2013 (4,350,000.00)- (314,430,000.00) (314,430,000.00) 0.00 347625 LC-Project Fund-2 Senior Lien 36162DAB5 GEEST 2011-2A A2 (224,477.72)Principal Paydown 06/23/2014 (224,477.72)(0.00) 347625 LC-Project Fund-2 Senior Lien 65475HAE1 NALT 2011-A A4 (148,018.86)Principal Paydown 04/17/2017 (148,018.86)(0.00) 347625 LC-Project Fund-2 Senior Lien 65475HAE1 NALT 2011-A A4 (290,130.00)Principal Paydown 04/17/2017 (289,979.79)(150.21) 347625 LC-Project Fund-2 Senior Lien 65475HAE1 NALT 2011-A A4 (47,036.83)Principal Paydown 04/17/2017 (47,001.34)(35.49) 347625 LC-Project Fund-2 Senior Lien 65475UAB8 NAROT 2012-A A2 (33,098.81)Principal Paydown 10/15/2014 (33,094.29)(4.52) 347625 LC-Project Fund-2 Senior Lien 65475UAB8 NAROT 2012-A A2 (17,777.54)Principal Paydown 10/15/2014 (17,777.54)(0.00) 347625 LC-Project Fund-2 Senior Lien 161571EZ3 CHAIT 2011-A3 A3 (485,000.00)Principal Paydown 12/15/2015 (485,000.00)0.00 347625 LC-Project Fund-2 Senior Lien 161571EZ3 CHAIT 2011-A3 A3 (980,000.00)Principal Paydown 12/15/2015 (980,000.00)0.00 347625 LC-Project Fund-2 Senior Lien 89236PAB9 TAOT 2012-A A2 (27,340.28)Principal Paydown 10/15/2014 (27,336.16)(4.12) 347625 LC-Project Fund-2 Senior Lien 89236PAB9 TAOT 2012-A A2 (20,519.92)Principal Paydown 10/15/2014 (20,519.92)(0.00) 347625 LC-Project Fund-2 Senior Lien 65475NAD0 NALT 2011-B A3 (60,367.40)Principal Paydown 02/16/2015 (60,347.11)(20.29) 347625 LC-Project Fund-2 Senior Lien 65475NAD0 NALT 2011-B A3 (72,419.47)Principal Paydown 02/16/2015 (72,387.09)(32.38) 347625 LC-Project Fund-2 Senior Lien 65475NAD0 NALT 2011-B A3 (90,190.97)Principal Paydown 02/16/2015 (90,141.34)(49.63) 347625 LC-Project Fund-2 Senior Lien 43813TAC7 HAROT 2011-1 A3 (54,871.28)Principal Paydown 10/15/2014 (54,871.27)(0.01) (2,551,249.09)(2,550,952.43)(296.66) 347625 LC-Project Fund-2 Senior Lien 61747C715 MORGAN STANLEY LIQ PRIME-IN (21,703,109.60) Sell 12/31/2013 (21,703,109.60) - 347625 LC-Project Fund-2 Senior Lien 61747C715 MORGAN STANLEY LIQ PRIME-IN (7,298,973.92)Sell 12/31/2013 (7,298,973.92)- 347625 LC-Project Fund-2 Senior Lien 61747C715 MORGAN STANLEY LIQ PRIME-IN (8,498,390.83)Sell 12/31/2013 (8,498,390.83)- 347625 LC-Project Fund-2 Senior Lien 61747C715 MORGAN STANLEY LIQ PRIME-IN (2,749,503.46)Sell 12/31/2013 (2,749,503.46)- 347625 LC-Project Fund-2 Senior Lien 61747C715 MORGAN STANLEY LIQ PRIME-IN (499,251.66)Sell 12/31/2013 (499,251.66)- 347625 LC-Project Fund-2 Senior Lien 61747C715 MORGAN STANLEY LIQ PRIME-IN (73,492.65)Sell 12/31/2013 (73,492.65)- 347625 LC-Project Fund-2 Senior Lien 61747C715 MORGAN STANLEY LIQ PRIME-IN (10,276,404.16) Sell 12/31/2013 (10,276,404.16) - 347625 LC-Project Fund-2 Senior Lien 61747C715 MORGAN STANLEY LIQ PRIME-IN (3,999,700.00)Sell 12/31/2013 (3,999,700.00)- 347625 LC-Project Fund-2 Senior Lien 61747C715 MORGAN STANLEY LIQ PRIME-IN (999,904.17)Sell 12/31/2013 (999,904.17)- 347625 LC-Project Fund-2 Senior Lien 61747C715 MORGAN STANLEY LIQ PRIME-IN (4,998,472.21)Sell 12/31/2013 (4,998,472.21)- 347625 LC-Project Fund-2 Senior Lien 61747C715 MORGAN STANLEY LIQ PRIME-IN (2,666,372.47)Sell 12/31/2013 (2,666,372.47)- 347625 LC-Project Fund-2 Senior Lien 61747C715 MORGAN STANLEY LIQ PRIME-IN (1,998,755.56)Sell 12/31/2013 (1,998,755.56)- 347625 LC-Project Fund-2 Senior Lien 61747C715 MORGAN STANLEY LIQ PRIME-IN (598,111.11)Sell 12/31/2013 (598,111.11)- 347625 LC-Project Fund-2 Senior Lien 61747C715 MORGAN STANLEY LIQ PRIME-IN (349,937.00)Sell 12/31/2013 (349,937.00)- 347625 LC-Project Fund-2 Senior Lien 61747C715 MORGAN STANLEY LIQ PRIME-IN (10,996,772.24) Sell 12/31/2013 (10,996,772.24) - 347625 LC-Project Fund-2 Senior Lien 61747C715 MORGAN STANLEY LIQ PRIME-IN (6,524,910.28)Sell 12/31/2013 (6,524,910.28)- 347625 LC-Project Fund-2 Senior Lien 61747C715 MORGAN STANLEY LIQ PRIME-IN (449,723.75)Sell 12/31/2013 (449,723.75)- 347625 LC-Project Fund-2 Senior Lien 61747C715 MORGAN STANLEY LIQ PRIME-IN (574,994.34)Sell 12/31/2013 (574,994.34)- 347625 LC-Project Fund-2 Senior Lien 61747C715 MORGAN STANLEY LIQ PRIME-IN (7,602,521.66)Sell 12/31/2013 (7,602,521.66)- 347625 LC-Project Fund-2 Senior Lien 61747C715 MORGAN STANLEY LIQ PRIME-IN (3,282,830.12)Sell 12/31/2013 (3,282,830.12)- 347625 LC-Project Fund-2 Senior Lien 61747C715 MORGAN STANLEY LIQ PRIME-IN (7,225,261.19)Sell 12/31/2013 (7,225,261.19)- 347625 LC-Project Fund-2 Senior Lien 61747C715 MORGAN STANLEY LIQ PRIME-IN (7,998,956.67)Sell 12/31/2013 (7,998,956.67)- 347625 LC-Project Fund-2 Senior Lien 61747C715 MORGAN STANLEY LIQ PRIME-IN (5,396,680.88)Sell 12/31/2013 (5,396,680.88)- 347625 LC-Project Fund-2 Senior Lien 61747C715 MORGAN STANLEY LIQ PRIME-IN (1,998,321.12)Sell 12/31/2013 (1,998,321.12)- 347625 LC-Project Fund-2 Senior Lien 61747C715 MORGAN STANLEY LIQ PRIME-IN (11,998,037.78) Sell 12/31/2013 (11,998,037.78) - (130,759,388.83) (130,759,388.83) - Subtotal - 347625 LC-Project Fund-2 Senior Lien (58,972,977.94) (54,973,161.28) (296.66) Page 18 of 30 50 Source Account Account Identifier Description Market Value Transaction Type Final Maturity Base Principal Base Net Total Realized Gain STAMP Portfolio Transaction Report Quarter ended December 31, 2013 347628 LC-PF-2 Sales Tax Revenue Bond 37790AZ48 Glencore Funding LLC 10,996,577.79 Buy 12/04/2013 10,996,577.79 - 347628 LC-PF-2 Sales Tax Revenue Bond 23337SY81 DTE Gas Company 4,699,060.00 Buy 11/08/2013 4,699,060.00 - 347628 LC-PF-2 Sales Tax Revenue Bond 65475LZB1 Nissan Motor Acceptance Corporation 12,299,856.50 Buy 12/11/2013 12,299,856.50 - 347628 LC-PF-2 Sales Tax Revenue Bond 25490CYK7 DIRECTV Holdings LLC 3,998,805.55 Buy 11/19/2013 3,998,805.55 - 347628 LC-PF-2 Sales Tax Revenue Bond 74433GY18 Prudential Funding LLC 10,999,963.33 Buy 11/01/2013 10,999,963.33 - 347628 LC-PF-2 Sales Tax Revenue Bond 78573FAH2 Sabmiller Holdings Inc.1,999,550.00 Buy 01/17/2014 1,999,550.00 - 347628 LC-PF-2 Sales Tax Revenue Bond 0020A2YC0 AT&T Inc.1,499,583.33 Buy 11/12/2013 1,499,583.33 - 347628 LC-PF-2 Sales Tax Revenue Bond 78573EYN6 Sabmiller Holdings Inc.5,998,399.98 Buy 11/22/2013 5,998,399.98 - 347628 LC-PF-2 Sales Tax Revenue Bond 26244JA66 Duke Energy Corporation 7,998,777.76 Buy 01/06/2014 7,998,777.76 - 347628 LC-PF-2 Sales Tax Revenue Bond 61747C715 MORGAN STANLEY LIQ PRIME-IN 5,337.40 Buy 12/31/2013 5,337.40 - 347628 LC-PF-2 Sales Tax Revenue Bond 61747C715 MORGAN STANLEY LIQ PRIME-IN 14,500,165.64 Buy 12/31/2013 14,500,165.64 - 347628 LC-PF-2 Sales Tax Revenue Bond 61747C715 MORGAN STANLEY LIQ PRIME-IN 10,158,467.19 Buy 12/31/2013 10,158,467.19 - 347628 LC-PF-2 Sales Tax Revenue Bond 61747C715 MORGAN STANLEY LIQ PRIME-IN 2,000,000.00 Buy 12/31/2013 2,000,000.00 - 347628 LC-PF-2 Sales Tax Revenue Bond 61747C715 MORGAN STANLEY LIQ PRIME-IN 11,000,000.00 Buy 12/31/2013 11,000,000.00 - 347628 LC-PF-2 Sales Tax Revenue Bond 61747C715 MORGAN STANLEY LIQ PRIME-IN 3,189,818.46 Buy 12/31/2013 3,189,818.46 - 347628 LC-PF-2 Sales Tax Revenue Bond 61747C715 MORGAN STANLEY LIQ PRIME-IN 44,309.38 Buy 12/31/2013 44,309.38 - 347628 LC-PF-2 Sales Tax Revenue Bond 61747C715 MORGAN STANLEY LIQ PRIME-IN 1,000,275.00 Buy 12/31/2013 1,000,275.00 - 347628 LC-PF-2 Sales Tax Revenue Bond 61747C715 MORGAN STANLEY LIQ PRIME-IN 2,385,261.78 Buy 12/31/2013 2,385,261.78 - 347628 LC-PF-2 Sales Tax Revenue Bond 61747C715 MORGAN STANLEY LIQ PRIME-IN 7,012,799.27 Buy 12/31/2013 7,012,799.27 - 347628 LC-PF-2 Sales Tax Revenue Bond 61747C715 MORGAN STANLEY LIQ PRIME-IN 2,349.99 Buy 12/31/2013 2,349.99 - 347628 LC-PF-2 Sales Tax Revenue Bond 61747C715 MORGAN STANLEY LIQ PRIME-IN 6,005,791.91 Buy 12/31/2013 6,005,791.91 - 347628 LC-PF-2 Sales Tax Revenue Bond 20911LZ36 Consolidated Edison Company of New York, Inc.4,999,725.00 Buy 12/03/2013 4,999,725.00 - 347628 LC-PF-2 Sales Tax Revenue Bond 61747C715 MORGAN STANLEY LIQ PRIME-IN 421,682.42 Buy 12/31/2013 421,682.42 - 347628 LC-PF-2 Sales Tax Revenue Bond 61747C715 MORGAN STANLEY LIQ PRIME-IN 251.59 Buy 12/31/2013 251.59 - 347628 LC-PF-2 Sales Tax Revenue Bond 61747C715 MORGAN STANLEY LIQ PRIME-IN 2,236.12 Buy 12/31/2013 2,236.12 - 347628 LC-PF-2 Sales Tax Revenue Bond 61747C715 MORGAN STANLEY LIQ PRIME-IN 5,002,349.99 Buy 12/31/2013 5,002,349.99 - 347628 LC-PF-2 Sales Tax Revenue Bond 61747C715 MORGAN STANLEY LIQ PRIME-IN 491,679.33 Buy 12/31/2013 491,679.33 - 347628 LC-PF-2 Sales Tax Revenue Bond 61747C715 MORGAN STANLEY LIQ PRIME-IN 14,072.85 Buy 12/31/2013 14,072.85 - 347628 LC-PF-2 Sales Tax Revenue Bond 61747C715 MORGAN STANLEY LIQ PRIME-IN 1,555.55 Buy 12/31/2013 1,555.55 - 347628 LC-PF-2 Sales Tax Revenue Bond 61747C715 MORGAN STANLEY LIQ PRIME-IN 10,143,497.28 Buy 12/31/2013 10,143,497.28 - 347628 LC-PF-2 Sales Tax Revenue Bond 61747C715 MORGAN STANLEY LIQ PRIME-IN 19,397,921.31 Buy 12/31/2013 19,397,921.31 - 347628 LC-PF-2 Sales Tax Revenue Bond 61747C715 MORGAN STANLEY LIQ PRIME-IN 300,000.00 Buy 12/31/2013 300,000.00 - 347628 LC-PF-2 Sales Tax Revenue Bond 61747C715 MORGAN STANLEY LIQ PRIME-IN 78,933.00 Buy 12/31/2013 78,933.00 - 347628 LC-PF-2 Sales Tax Revenue Bond 61747C715 MORGAN STANLEY LIQ PRIME-IN 128,499.32 Buy 12/31/2013 128,499.32 - 347628 LC-PF-2 Sales Tax Revenue Bond 05333TY64 AutoZone, Inc.4,998,844.45 Buy 11/06/2013 4,998,844.45 - 347628 LC-PF-2 Sales Tax Revenue Bond 61747C715 MORGAN STANLEY LIQ PRIME-IN 82,717.50 Buy 12/31/2013 82,717.50 - 347628 LC-PF-2 Sales Tax Revenue Bond 61747C715 MORGAN STANLEY LIQ PRIME-IN 75,296.67 Buy 12/31/2013 75,296.67 - 347628 LC-PF-2 Sales Tax Revenue Bond 61747C715 MORGAN STANLEY LIQ PRIME-IN 142,108.62 Buy 12/31/2013 142,108.62 - 347628 LC-PF-2 Sales Tax Revenue Bond 61747C715 MORGAN STANLEY LIQ PRIME-IN 56,250.00 Buy 12/31/2013 56,250.00 - 347628 LC-PF-2 Sales Tax Revenue Bond 61747C715 MORGAN STANLEY LIQ PRIME-IN 1,560,474.99 Buy 12/31/2013 1,560,474.99 - 347628 LC-PF-2 Sales Tax Revenue Bond 73754MA63 Potash Corporation of Saskatchewan Inc.3,599,678.02 Buy 01/06/2014 3,599,678.02 - 347628 LC-PF-2 Sales Tax Revenue Bond 36159LBN5 GEDFT 2011-1 A 135,221.48 Buy 07/20/2016 135,221.48 - 347628 LC-PF-2 Sales Tax Revenue Bond 17181BAN0 CIGNA Corporation 1,999,516.66 Buy 01/22/2014 1,999,516.66 - 347628 LC-PF-2 Sales Tax Revenue Bond 60920VZW5 Mondelez International Inc 5,999,400.00 Buy 12/30/2013 5,999,400.00 - 347628 LC-PF-2 Sales Tax Revenue Bond 06538CA76 The Bank of Tokyo-Mitsubishi UFJ, Ltd.4,699,917.75 Buy 01/07/2014 4,699,917.75 - 347628 LC-PF-2 Sales Tax Revenue Bond 64468EAY6 NH ST BUS FIN-TXB-A 4,190,000.00 Buy 11/01/2020 4,190,000.00 - 347628 LC-PF-2 Sales Tax Revenue Bond 20911MA72 Consolidated Edison Company of New York, Inc.499,962.50 Buy 01/07/2014 499,962.50 - 347628 LC-PF-2 Sales Tax Revenue Bond 27743KA34 Eastman Chemical Company 8,198,480.70 Buy 01/03/2014 8,198,480.70 - Page 19 of 30 51 Source Account Account Identifier Description Market Value Transaction Type Final Maturity Base Principal Base Net Total Realized Gain STAMP Portfolio Transaction Report Quarter ended December 31, 2013 347628 LC-PF-2 Sales Tax Revenue Bond 37790BAM3 Glencore Funding LLC 7,997,100.00 Buy 01/21/2014 7,997,100.00 - 347628 LC-PF-2 Sales Tax Revenue Bond 55314QAC1 MMAF 2012-AA A3 1,156,524.38 Buy 08/10/2016 1,156,524.38 - 347628 LC-PF-2 Sales Tax Revenue Bond 1248C3AA2 CBS Corporation 2,999,655.00 Buy 01/10/2014 2,999,655.00 - 347628 LC-PF-2 Sales Tax Revenue Bond 2524H4YS3 Diageo Capital PLC 3,998,693.32 Buy 11/26/2013 3,998,693.32 - 347628 LC-PF-2 Sales Tax Revenue Bond 78355AZH0 Ryder System, Inc.3,999,253.33 Buy 12/17/2013 3,999,253.33 - 347628 LC-PF-2 Sales Tax Revenue Bond 4335P2ZJ6 Hitachi America Capital, Ltd.8,998,239.96 Buy 12/18/2013 8,998,239.96 - 347628 LC-PF-2 Sales Tax Revenue Bond 65475MAD2 Nissan Motor Acceptance Corporation 3,999,250.00 Buy 01/13/2014 3,999,250.00 - 347628 LC-PF-2 Sales Tax Revenue Bond 161571EZ3 CHAIT 2011-A3 A3 1,215,047.45 Buy 12/15/2015 1,215,047.45 - 347628 LC-PF-2 Sales Tax Revenue Bond 60920VZ39 Mondelez International Inc 4,799,208.00 Buy 12/03/2013 4,799,208.00 - 347628 LC-PF-2 Sales Tax Revenue Bond 60920VZ39 Mondelez International Inc 4,699,281.93 Buy 12/03/2013 4,699,281.93 - 347628 LC-PF-2 Sales Tax Revenue Bond 49455AZ56 Kinder Morgan Energy Partners, L.P.1,999,733.33 Buy 12/05/2013 1,999,733.33 - 347628 LC-PF-2 Sales Tax Revenue Bond 1248C2Z90 CBS Corporation 4,999,241.67 Buy 12/09/2013 4,999,241.67 - 347628 LC-PF-2 Sales Tax Revenue Bond 27743KA67 Eastman Chemical Company 8,198,282.59 Buy 01/06/2014 8,198,282.59 - 347628 LC-PF-2 Sales Tax Revenue Bond 65475LZ21 Nissan Motor Acceptance Corporation 9,998,050.00 Buy 12/02/2013 9,998,050.00 - 347628 LC-PF-2 Sales Tax Revenue Bond 37790AYM9 Glencore Funding LLC 2,999,081.67 Buy 11/21/2013 2,999,081.67 - 347628 LC-PF-2 Sales Tax Revenue Bond 1248C2Y18 CBS Corporation 5,998,958.33 Buy 11/01/2013 5,998,958.33 - 347628 LC-PF-2 Sales Tax Revenue Bond 19122WYJ5 Coca-Cola Refreshments USA, Inc.4,998,444.45 Buy 11/18/2013 4,998,444.45 - 347628 LC-PF-2 Sales Tax Revenue Bond 2003A3AH7 Comcast Corporation 3,999,138.88 Buy 01/17/2014 3,999,138.88 - 347628 LC-PF-2 Sales Tax Revenue Bond 17181AY14 CIGNA Corporation 1,999,697.78 Buy 11/01/2013 1,999,697.78 - 284,068,305.43 284,068,305.43 - 347628 LC-PF-2 Sales Tax Revenue Bond 1248C2X76 CBS Corporation (10,000,000.00) Maturity 10/07/2013 (10,000,000.00) - 347628 LC-PF-2 Sales Tax Revenue Bond 23337SY81 DTE Gas Company (4,700,000.00)Maturity 11/08/2013 (4,700,000.00)- 347628 LC-PF-2 Sales Tax Revenue Bond 37790AZ48 Glencore Funding LLC (11,000,000.00) Maturity 12/04/2013 (11,000,000.00) - 347628 LC-PF-2 Sales Tax Revenue Bond 0020A2YC0 AT&T Inc.(1,500,000.00)Maturity 11/12/2013 (1,500,000.00)- 347628 LC-PF-2 Sales Tax Revenue Bond 65475LZB1 Nissan Motor Acceptance Corporation (12,300,000.00) Maturity 12/11/2013 (12,300,000.00) - 347628 LC-PF-2 Sales Tax Revenue Bond 25490CYK7 DIRECTV Holdings LLC (4,000,000.00)Maturity 11/19/2013 (4,000,000.00)- 347628 LC-PF-2 Sales Tax Revenue Bond 74433GY18 Prudential Funding LLC (11,000,000.00) Maturity 11/01/2013 (11,000,000.00) - 347628 LC-PF-2 Sales Tax Revenue Bond 41805BXV3 Hasbro, Inc.(300,000.00)Maturity 10/29/2013 (300,000.00)- 347628 LC-PF-2 Sales Tax Revenue Bond 78573EYN6 Sabmiller Holdings Inc.(6,000,000.00)Maturity 11/22/2013 (6,000,000.00)- 347628 LC-PF-2 Sales Tax Revenue Bond 20911LZ36 Consolidated Edison Company of New York, Inc.(5,000,000.00)Maturity 12/03/2013 (5,000,000.00)- 347628 LC-PF-2 Sales Tax Revenue Bond 05333TY64 AutoZone, Inc.(5,000,000.00)Maturity 11/06/2013 (5,000,000.00)- 347628 LC-PF-2 Sales Tax Revenue Bond 27805AXF9 Eaton Corporation (10,000,000.00) Maturity 10/15/2013 (10,000,000.00) - 347628 LC-PF-2 Sales Tax Revenue Bond 0020A2XM9 AT&T Inc.(10,000,000.00) Maturity 10/21/2013 (10,000,000.00) - 347628 LC-PF-2 Sales Tax Revenue Bond 9497K2XH0 WellPoint, Inc.(5,000,000.00)Maturity 10/17/2013 (5,000,000.00)- 347628 LC-PF-2 Sales Tax Revenue Bond 42823JXW0 Hewlett-Packard Company (10,000,000.00) Maturity 10/30/2013 (10,000,000.00) - 347628 LC-PF-2 Sales Tax Revenue Bond 60920VZW5 Mondelez International Inc (6,000,000.00)Maturity 12/30/2013 (6,000,000.00)- 347628 LC-PF-2 Sales Tax Revenue Bond 25490CX36 DIRECTV Holdings LLC (1,000,000.00)Maturity 10/03/2013 (1,000,000.00)- 347628 LC-PF-2 Sales Tax Revenue Bond 60920VY63 Mondelez International Inc (5,500,000.00)Maturity 11/06/2013 (5,500,000.00)- 347628 LC-PF-2 Sales Tax Revenue Bond 44890MXA5 Hyundai Capital America (5,000,000.00)Maturity 10/10/2013 (5,000,000.00)- 347628 LC-PF-2 Sales Tax Revenue Bond 65475LZ21 Nissan Motor Acceptance Corporation (10,000,000.00) Maturity 12/02/2013 (10,000,000.00) - 347628 LC-PF-2 Sales Tax Revenue Bond 78355AZH0 Ryder System, Inc.(4,000,000.00)Maturity 12/17/2013 (4,000,000.00)- 347628 LC-PF-2 Sales Tax Revenue Bond 49455AZ56 Kinder Morgan Energy Partners, L.P.(2,000,000.00)Maturity 12/05/2013 (2,000,000.00)- 347628 LC-PF-2 Sales Tax Revenue Bond 4335P2ZJ6 Hitachi America Capital, Ltd.(9,000,000.00)Maturity 12/18/2013 (9,000,000.00)- 347628 LC-PF-2 Sales Tax Revenue Bond 17181AY14 CIGNA Corporation (2,000,000.00)Maturity 11/01/2013 (2,000,000.00)- 347628 LC-PF-2 Sales Tax Revenue Bond 60920VZ39 Mondelez International Inc (4,800,000.00)Maturity 12/03/2013 (4,800,000.00)- 347628 LC-PF-2 Sales Tax Revenue Bond 60920VZ39 Mondelez International Inc (4,700,000.00)Maturity 12/03/2013 (4,700,000.00)- 347628 LC-PF-2 Sales Tax Revenue Bond 1248C2Z90 CBS Corporation (5,000,000.00)Maturity 12/09/2013 (5,000,000.00)- Page 20 of 30 52 Source Account Account Identifier Description Market Value Transaction Type Final Maturity Base Principal Base Net Total Realized Gain STAMP Portfolio Transaction Report Quarter ended December 31, 2013 347628 LC-PF-2 Sales Tax Revenue Bond 37790AYM9 Glencore Funding LLC (3,000,000.00)Maturity 11/21/2013 (3,000,000.00)- 347628 LC-PF-2 Sales Tax Revenue Bond 1248C2Y18 CBS Corporation (6,000,000.00)Maturity 11/01/2013 (6,000,000.00)- 347628 LC-PF-2 Sales Tax Revenue Bond 2524H4YS3 Diageo Capital PLC (4,000,000.00)Maturity 11/26/2013 (4,000,000.00)- 347628 LC-PF-2 Sales Tax Revenue Bond 19122WYJ5 Coca-Cola Refreshments USA, Inc.(5,000,000.00)Maturity 11/18/2013 (5,000,000.00)- (182,800,000.00) (182,800,000.00) - 347628 LC-PF-2 Sales Tax Revenue Bond 47787RAB6 JDOT 2012-B A2 (13,154.14)Principal Paydown 02/17/2015 (13,157.37)3.23 347628 LC-PF-2 Sales Tax Revenue Bond 47787RAB6 JDOT 2012-B A2 (18,187.97)Principal Paydown 02/17/2015 (18,191.66)3.69 347628 LC-PF-2 Sales Tax Revenue Bond 47787RAB6 JDOT 2012-B A2 (11,916.42)Principal Paydown 02/17/2015 (11,918.25)1.83 347628 LC-PF-2 Sales Tax Revenue Bond 43814AAC7 HAROT 2011-2 A3 (12,302.52)Principal Paydown 03/18/2015 (12,293.80)(8.72) 347628 LC-PF-2 Sales Tax Revenue Bond 43814AAC7 HAROT 2011-2 A3 (13,335.98)Principal Paydown 03/18/2015 (13,324.78)(11.20) 347628 LC-PF-2 Sales Tax Revenue Bond 3133XCQE6 FHLB SD-2015 1 (6,563.84)Principal Paydown 07/28/2015 (6,243.03)(320.81) 347628 LC-PF-2 Sales Tax Revenue Bond 3133XCQE6 FHLB SD-2015 1 (4,774.81)Principal Paydown 07/28/2015 (4,549.75)(225.06) 347628 LC-PF-2 Sales Tax Revenue Bond 65475UAB8 NAROT 2012-A A2 (154,256.04)Principal Paydown 10/15/2014 (154,240.38)(15.66) 347628 LC-PF-2 Sales Tax Revenue Bond 3133XCQE6 FHLB SD-2015 1 (5,262.84)Principal Paydown 07/28/2015 (5,024.16)(238.68) 347628 LC-PF-2 Sales Tax Revenue Bond 65475UAB8 NAROT 2012-A A2 (82,854.60)Principal Paydown 10/15/2014 (82,854.60)(0.00) 347628 LC-PF-2 Sales Tax Revenue Bond 55314MAC0 MMAF 2011-AA A3 (361,422.85)Principal Paydown 09/15/2015 (360,890.14)(532.71) 347628 LC-PF-2 Sales Tax Revenue Bond 55314MAC0 MMAF 2011-AA A3 (486,360.23)Principal Paydown 09/15/2015 (485,528.42)(831.81) 347628 LC-PF-2 Sales Tax Revenue Bond 55314MAC0 MMAF 2011-AA A3 (464,008.00)Principal Paydown 09/15/2015 (463,142.16)(865.84) 347628 LC-PF-2 Sales Tax Revenue Bond 43814AAC7 HAROT 2011-2 A3 (14,009.57)Principal Paydown 03/18/2015 (13,995.98)(13.59) 347628 LC PF 2 Sales Tax Revenue Bond 31395MLT4 FHR 2930 AN (57 546 28)Principal Paydown 06/15/2019 (56 744 00)(802 28)347628 LC-PF-2 Sales Tax Revenue Bond 31395MLT4 FHR 2930 AN (57,546.28)Principal Paydown 06/15/2019 (56,744.00)(802.28) 347628 LC-PF-2 Sales Tax Revenue Bond 31395MLT4 FHR 2930 AN (42,219.58)Principal Paydown 06/15/2019 (41,687.89)(531.69) 347628 LC-PF-2 Sales Tax Revenue Bond 31395MLT4 FHR 2930 AN (37,591.17)Principal Paydown 06/15/2019 (37,168.97)(422.20) 347628 LC-PF-2 Sales Tax Revenue Bond 43813XAB0 HAROT 2012-3 A2 (217,202.24)Principal Paydown 12/15/2014 (217,202.24)0.00 347628 LC-PF-2 Sales Tax Revenue Bond 43813XAB0 HAROT 2012-3 A2 (215,645.62)Principal Paydown 12/15/2014 (215,645.61)(0.01) 347628 LC-PF-2 Sales Tax Revenue Bond 43813XAB0 HAROT 2012-3 A2 (198,791.11)Principal Paydown 12/15/2014 (198,791.11)(0.00) 347628 LC-PF-2 Sales Tax Revenue Bond 43813TAD5 HAROT 2011-1 A4 (302,440.70)Principal Paydown 04/17/2017 (301,427.15)(1,013.55) 347628 LC-PF-2 Sales Tax Revenue Bond 43813TAD5 HAROT 2011-1 A4 (26,038.66)Principal Paydown 04/17/2017 (25,918.54)(120.12) 347628 LC-PF-2 Sales Tax Revenue Bond 43813TAD5 HAROT 2011-1 A4 (340,991.80)Principal Paydown 04/17/2017 (339,626.49)(1,365.31) 347628 LC-PF-2 Sales Tax Revenue Bond 161571EZ3 CHAIT 2011-A3 A3 (1,215,000.01)Principal Paydown 12/15/2015 (1,215,000.00)(0.01) 347628 LC-PF-2 Sales Tax Revenue Bond 31395JS72 FHR 2890 KB (24,228.18)Principal Paydown 02/15/2019 (24,013.74)(214.44) 347628 LC-PF-2 Sales Tax Revenue Bond 36162RAB4 GEEST 2012-1A A2 (137,713.38)Principal Paydown 11/21/2014 (137,657.47)(55.91) 347628 LC-PF-2 Sales Tax Revenue Bond 31395JS72 FHR 2890 KB (32,370.87)Principal Paydown 02/15/2019 (31,996.45)(374.42) 347628 LC-PF-2 Sales Tax Revenue Bond 36162RAB4 GEEST 2012-1A A2 (184,138.57)Principal Paydown 11/21/2014 (184,076.15)(62.42) 347628 LC-PF-2 Sales Tax Revenue Bond 31395JS72 FHR 2890 KB (27,642.32)Principal Paydown 02/15/2019 (27,359.97)(282.35) 347628 LC-PF-2 Sales Tax Revenue Bond 36162RAB4 GEEST 2012-1A A2 (138,066.57)Principal Paydown 11/21/2014 (138,029.46)(37.11) (4,846,036.89)(4,837,699.72)(8,337.17) 347628 LC-PF-2 Sales Tax Revenue Bond 61747C715 MORGAN STANLEY LIQ PRIME-IN (4,998,202.69)Sell 12/31/2013 (4,998,202.69)- 347628 LC-PF-2 Sales Tax Revenue Bond 61747C715 MORGAN STANLEY LIQ PRIME-IN (3,998,388.88)Sell 12/31/2013 (3,998,388.88)- 347628 LC-PF-2 Sales Tax Revenue Bond 61747C715 MORGAN STANLEY LIQ PRIME-IN (7,299,856.50)Sell 12/31/2013 (7,299,856.50)- 347628 LC-PF-2 Sales Tax Revenue Bond 61747C715 MORGAN STANLEY LIQ PRIME-IN (4,096,763.29)Sell 12/31/2013 (4,096,763.29)- 347628 LC-PF-2 Sales Tax Revenue Bond 61747C715 MORGAN STANLEY LIQ PRIME-IN (13,998,177.76) Sell 12/31/2013 (13,998,177.76) - 347628 LC-PF-2 Sales Tax Revenue Bond 61747C715 MORGAN STANLEY LIQ PRIME-IN (4,699,917.75)Sell 12/31/2013 (4,699,917.75)- 347628 LC-PF-2 Sales Tax Revenue Bond 61747C715 MORGAN STANLEY LIQ PRIME-IN (16,452,308.31) Sell 12/31/2013 (16,452,308.31) - 347628 LC-PF-2 Sales Tax Revenue Bond 61747C715 MORGAN STANLEY LIQ PRIME-IN (1,792,207.73)Sell 12/31/2013 (1,792,207.73)- 347628 LC-PF-2 Sales Tax Revenue Bond 61747C715 MORGAN STANLEY LIQ PRIME-IN (499,583.33)Sell 12/31/2013 (499,583.33)- 347628 LC-PF-2 Sales Tax Revenue Bond 61747C715 MORGAN STANLEY LIQ PRIME-IN (4,998,844.45)Sell 12/31/2013 (4,998,844.45)- Page 21 of 30 53 Source Account Account Identifier Description Market Value Transaction Type Final Maturity Base Principal Base Net Total Realized Gain STAMP Portfolio Transaction Report Quarter ended December 31, 2013 347628 LC-PF-2 Sales Tax Revenue Bond 61747C715 MORGAN STANLEY LIQ PRIME-IN (1,215,146.67)Sell 12/31/2013 (1,215,146.67)- 347628 LC-PF-2 Sales Tax Revenue Bond 61747C715 MORGAN STANLEY LIQ PRIME-IN (8,997,481.65)Sell 12/31/2013 (8,997,481.65)- 347628 LC-PF-2 Sales Tax Revenue Bond 61747C715 MORGAN STANLEY LIQ PRIME-IN (787,353.33)Sell 12/31/2013 (787,353.33)- 347628 LC-PF-2 Sales Tax Revenue Bond 61747C715 MORGAN STANLEY LIQ PRIME-IN (15,293,835.79) Sell 12/31/2013 (15,293,835.79) - 347628 LC-PF-2 Sales Tax Revenue Bond 61747C715 MORGAN STANLEY LIQ PRIME-IN (4,189,991.49)Sell 12/31/2013 (4,189,991.49)- 347628 LC-PF-2 Sales Tax Revenue Bond 61747C715 MORGAN STANLEY LIQ PRIME-IN (572,039.97)Sell 12/31/2013 (572,039.97)- (93,890,099.59) (93,890,099.59) - Subtotal - 347628 LC-PF-2 Sales Tax Revenue Bond 2,532,168.95 2,540,506.12 (8,337.17) 205091001 LC-2013 A Capitalized Interest 313385QD1 FED HOME LN DISCOUNT NT 2,299,952.08 Buy 12/06/2013 2,299,952.08 - 205091001 LC-2013 A Capitalized Interest 31402RBG3 FN 735439 50,973.59 Buy 09/01/2019 50,973.59 - 205091001 LC-2013 A Capitalized Interest 313385QL3 FED HOME LN DISCOUNT NT 1,399,952.95 Buy 12/13/2013 1,399,952.95 - 205091001 LC-2013 A Capitalized Interest 912828PE4 US TREASURY N/B 1,931,542.97 Buy 10/31/2015 1,931,542.97 - 205091001 LC-2013 A Capitalized Interest 9AMMF05B2 U.S. Bank Money Market Account Fund 2,447.83 Buy 12/31/2013 2,447.83 - 205091001 LC-2013 A Capitalized Interest 9AMMF05B2 U.S. Bank Money Market Account Fund 3,447.89 Buy 12/31/2013 3,447.89 - 205091001 LC-2013 A Capitalized Interest 9AMMF05B2 U.S. Bank Money Market Account Fund 4,000,000.00 Buy 12/31/2013 4,000,000.00 - 205091001 LC-2013 A Capitalized Interest 9AMMF05B2 U.S. Bank Money Market Account Fund 7,727.31 Buy 12/31/2013 7,727.31 - 205091001 LC-2013 A Capitalized Interest 9AMMF05B2 U.S. Bank Money Market Account Fund 285,542.07 Buy 12/31/2013 285,542.07 - 205091001 LC-2013 A Capitalized Interest 9AMMF05B2 U.S. Bank Money Market Account Fund 37,656.25 Buy 12/31/2013 37,656.25 - 205091001 LC-2013 A Capitalized Interest 9AMMF05B2 U.S. Bank Money Market Account Fund 23,801.22 Buy 12/31/2013 23,801.22 - p y ,y , 205091001 LC-2013 A Capitalized Interest 9AMMF05B2 U.S. Bank Money Market Account Fund 2,750,509.33 Buy 12/31/2013 2,750,509.33 - 205091001 LC-2013 A Capitalized Interest 9AMMF05B2 U.S. Bank Money Market Account Fund 18,369.00 Buy 12/31/2013 18,369.00 - 205091001 LC-2013 A Capitalized Interest 9AMMF05B2 U.S. Bank Money Market Account Fund 8.79 Buy 12/31/2013 8.79 - 205091001 LC-2013 A Capitalized Interest 9AMMF05B2 U.S. Bank Money Market Account Fund 75.02 Buy 12/31/2013 75.02 - 205091001 LC-2013 A Capitalized Interest 9AMMF05B2 U.S. Bank Money Market Account Fund 6,049,914.11 Buy 12/31/2013 6,049,914.11 - 205091001 LC-2013 A Capitalized Interest 9AMMF05B2 U.S. Bank Money Market Account Fund 2,244,942.95 Buy 12/31/2013 2,244,942.95 - 205091001 LC-2013 A Capitalized Interest 9AMMF05B2 U.S. Bank Money Market Account Fund 1,000,000.00 Buy 12/31/2013 1,000,000.00 - 205091001 LC-2013 A Capitalized Interest 9AMMF05B2 U.S. Bank Money Market Account Fund 4,234.04 Buy 12/31/2013 4,234.04 - 205091001 LC-2013 A Capitalized Interest 9AMMF05B2 U.S. Bank Money Market Account Fund 3,023,840.07 Buy 12/31/2013 3,023,840.07 - 205091001 LC-2013 A Capitalized Interest 9AMMF05B2 U.S. Bank Money Market Account Fund 4,730,168.14 Buy 12/31/2013 4,730,168.14 - 205091001 LC-2013 A Capitalized Interest 9AMMF05B2 U.S. Bank Money Market Account Fund 5,872.50 Buy 12/31/2013 5,872.50 - 205091001 LC-2013 A Capitalized Interest 9AMMF05B2 U.S. Bank Money Market Account Fund 8,067.58 Buy 12/31/2013 8,067.58 - 205091001 LC-2013 A Capitalized Interest 9AMMF05B2 U.S. Bank Money Market Account Fund 386,584.31 Buy 12/31/2013 386,584.31 - 205091001 LC-2013 A Capitalized Interest 9AMMF05B2 U.S. Bank Money Market Account Fund 315,345.99 Buy 12/31/2013 315,345.99 - 205091001 LC-2013 A Capitalized Interest 9AMMF05B2 U.S. Bank Money Market Account Fund 1,439,246.88 Buy 12/31/2013 1,439,246.88 - 205091001 LC-2013 A Capitalized Interest 313385QJ8 FED HOME LN DISCOUNT NT 844,977.46 Buy 12/11/2013 844,977.46 - 205091001 LC-2013 A Capitalized Interest 3133XHW57 FEDERAL HOME LOAN BANK 1,408,936.81 Buy 12/13/2013 1,408,936.81 - 205091001 LC-2013 A Capitalized Interest 89116EZ22 Toronto Dominion Holdings (U.S.A.), Inc.2,499,650.00 Buy 12/02/2013 2,499,650.00 - 205091001 LC-2013 A Capitalized Interest 313397QC8 FREDDIE MAC DISCOUNT NT 1,249,975.70 Buy 12/05/2013 1,249,975.70 - 205091001 LC-2013 A Capitalized Interest 74255UYF1 Principal Life Insurance Company 4,499,812.49 Buy 11/15/2013 4,499,812.49 - 42,523,575.33 42,523,575.33 - 205091001 LC-2013 A Capitalized Interest 89116EYS6 Toronto Dominion Holdings (U.S.A.), Inc.(1,000,000.00)Maturity 11/26/2013 (1,000,000.00)- 205091001 LC-2013 A Capitalized Interest 12800AYJ7 Caisse des Depots et Consignations (3,000,000.00)Maturity 11/18/2013 (3,000,000.00)- 205091001 LC-2013 A Capitalized Interest 74977KXF1 Rabobank USA Financial Corporation (2,500,000.00)Maturity 10/15/2013 (2,500,000.00)- 205091001 LC-2013 A Capitalized Interest 3133XHW57 FEDERAL HOME LOAN BANK (1,405,000.00)Maturity 12/13/2013 (1,405,000.00)- 205091001 LC-2013 A Capitalized Interest 74433GXV3 Prudential Funding LLC (4,000,000.00)Maturity 10/29/2013 (4,000,000.00)- 205091001 LC-2013 A Capitalized Interest 74255UYF1 Principal Life Insurance Company (4,500,000.00)Maturity 11/15/2013 (4,500,000.00)- Page 22 of 30 54 Source Account Account Identifier Description Market Value Transaction Type Final Maturity Base Principal Base Net Total Realized Gain STAMP Portfolio Transaction Report Quarter ended December 31, 2013 (16,405,000.00) (16,405,000.00) - 205091001 LC-2013 A Capitalized Interest 31392F6C6 FNR 2002-77 CB (27,202.18)Principal Paydown 12/25/2017 (25,697.20)(1,504.98) 205091001 LC-2013 A Capitalized Interest 31392F6C6 FNR 2002-77 CB (23,930.41)Principal Paydown 12/25/2017 (22,629.29)(1,301.12) 205091001 LC-2013 A Capitalized Interest 31392F6C6 FNR 2002-77 CB (25,772.40)Principal Paydown 12/25/2017 (24,322.23)(1,450.17) 205091001 LC-2013 A Capitalized Interest 3132FEAK7 FG Z50010 (19,406.74) Principal Paydown 12/01/2017 (18,348.51)(1,058.23) 205091001 LC-2013 A Capitalized Interest 31410GSQ7 FN 888927 (15,600.94)Principal Paydown 12/01/2017 (14,553.87)(1,047.07) 205091001 LC-2013 A Capitalized Interest 3132FEAK7 FG Z50010 (18,925.05) Principal Paydown 12/01/2017 (17,911.10)(1,013.95) 205091001 LC-2013 A Capitalized Interest 31410GSQ7 FN 888927 (13,648.45)Principal Paydown 12/01/2017 (12,748.37)(900.08) 205091001 LC-2013 A Capitalized Interest 3128PHVS7 FG J06025 (9,000.39)Principal Paydown 11/01/2019 (8,551.76)(448.63) 205091001 LC-2013 A Capitalized Interest 31392FPP6 FNR 2002-74 PE (18,198.32) Principal Paydown 11/25/2017 (17,194.70)(1,003.62) 205091001 LC-2013 A Capitalized Interest 31392FPP6 FNR 2002-74 PE (16,385.29) Principal Paydown 11/25/2017 (15,497.24)(888.05) 205091001 LC-2013 A Capitalized Interest 3132FEAK7 FG Z50010 (16,549.39) Principal Paydown 12/01/2017 (15,631.40)(917.99) 205091001 LC-2013 A Capitalized Interest 31392FPP6 FNR 2002-74 PE (15,633.86) Principal Paydown 11/25/2017 (14,801.58)(832.28) 205091001 LC-2013 A Capitalized Interest 36290WH47 GN 619551 (73,572.17)Principal Paydown 09/15/2018 (69,093.43)(4,478.74) 205091001 LC-2013 A Capitalized Interest 3128PHVS7 FG J06025 (20,252.88)Principal Paydown 11/01/2019 (19,277.95)(974.93) 205091001 LC-2013 A Capitalized Interest 36290WH47 GN 619551 (74,176.92)Principal Paydown 09/15/2018 (69,789.84)(4,387.08) 205091001 LC-2013 A Capitalized Interest 36290WH47 GN 619551 (67,826.18)Principal Paydown 09/15/2018 (63,755.71)(4,070.47) 205091001 LC-2013 A Capitalized Interest 31392HWL3 FNR 2003-3 BC (2,892.46)Principal Paydown 02/25/2018 (2,747.81)(144.65) 205091001 LC-2013 A Capitalized Interest 3128PHVS7 FG J06025 (6,433.57)Principal Paydown 11/01/2019 (6,118.34)(315.23) 205091001 LC-2013 A Capitalized Interest 31392HWL3 FNR 2003-3BC (3,966 81)Principal Paydown 02/25/2018 (3,765 16)(201 65)205091001 LC 2013 A Capitalized Interest 31392HWL3 FNR 2003 3 BC (3,966.81)Principal Paydown 02/25/2018 (3,765.16)(201.65) 205091001 LC-2013 A Capitalized Interest 31392HWL3 FNR 2003-3 BC (3,389.37)Principal Paydown 02/25/2018 (3,214.33)(175.04) 205091001 LC-2013 A Capitalized Interest 31410GSQ7 FN 888927 (12,767.68)Principal Paydown 12/01/2017 (11,940.80)(826.88) 205091001 LC-2013 A Capitalized Interest 31402RBG3 FN 735439 (28,223.88)Principal Paydown 09/01/2019 (26,331.80)(1,892.08) 205091001 LC-2013 A Capitalized Interest 31402RBG3 FN 735439 (28,738.29)Principal Paydown 09/01/2019 (26,856.53)(1,881.76) 205091001 LC-2013 A Capitalized Interest 31402RBG3 FN 735439 (27,814.86)Principal Paydown 09/01/2019 (26,027.63)(1,787.23) 205091001 LC-2013 A Capitalized Interest 31401MWC1 FN 712643 (52,908.46)Principal Paydown 06/01/2018 (49,840.69)(3,067.77) 205091001 LC-2013 A Capitalized Interest 31401MWC1 FN 712643 (26,576.89)Principal Paydown 06/01/2018 (25,014.89)(1,562.00) 205091001 LC-2013 A Capitalized Interest 31401MWC1 FN 712643 (26,147.56)Principal Paydown 06/01/2018 (24,590.36)(1,557.20) 205091001 LC-2013 A Capitalized Interest 3128H4NR6 FG E96700 (5,753.85)Principal Paydown 05/01/2018 (5,447.28)(306.57) 205091001 LC-2013 A Capitalized Interest 3128H4NR6 FG E96700 (9,465.89)Principal Paydown 05/01/2018 (8,953.02)(512.87) 205091001 LC-2013 A Capitalized Interest 3128H4NR6 FG E96700 (6,417.18)Principal Paydown 05/01/2018 (6,063.78)(353.40) 205091001 LC-2013 A Capitalized Interest 31393V2T7 FHR 2627 GY (56,006.15)Principal Paydown 06/15/2018 (52,998.68)(3,007.47) 205091001 LC-2013 A Capitalized Interest 31393V2T7 FHR 2627 GY (47,430.37)Principal Paydown 06/15/2018 (44,958.99)(2,471.38) 205091001 LC-2013 A Capitalized Interest 31393V2T7 FHR 2627 GY (54,417.39)Principal Paydown 06/15/2018 (51,538.36)(2,879.03) 205091001 LC-2013 A Capitalized Interest 3136A4M89 FNA 2012-M3 2A1 (4,470.55) Principal Paydown 01/25/2019 (4,444.60)(25.95) 205091001 LC-2013 A Capitalized Interest 3136A4M89 FNA 2012-M3 2A1 (4,112.34) Principal Paydown 01/25/2019 (4,088.03)(24.31) 205091001 LC-2013 A Capitalized Interest 3136A4M89 FNA 2012-M3 2A1 (4,440.50) Principal Paydown 01/25/2019 (4,413.76)(26.74) 205091001 LC-2013 A Capitalized Interest 3128GNR59 FG E85908 (21,981.99)Principal Paydown 10/01/2016 (20,799.88)(1,182.11) 205091001 LC-2013 A Capitalized Interest 3128GNR59 FG E85908 (21,785.36)Principal Paydown 10/01/2016 (20,673.10)(1,112.26) 205091001 LC-2013 A Capitalized Interest 36200AFG9 GN 595167 (11,510.34)Principal Paydown 11/15/2017 (10,835.25)(675.09) 205091001 LC-2013 A Capitalized Interest 3128GNR59 FG E85908 (22,284.32)Principal Paydown 10/01/2016 (21,116.10)(1,168.22) 205091001 LC-2013 A Capitalized Interest 36200AFG9 GN 595167 (5,105.69)Principal Paydown 11/15/2017 (4,800.99)(304.70) 205091001 LC-2013 A Capitalized Interest 31402QT68 FN 735073 (20,631.97)Principal Paydown 10/01/2019 (19,153.70)(1,478.27) 205091001 LC-2013 A Capitalized Interest 36200AFG9 GN 595167 (2,992.03)Principal Paydown 11/15/2017 (2,810.43)(181.60) 205091001 LC-2013 A Capitalized Interest 31402QT68 FN 735073 (24,887.49)Principal Paydown 10/01/2019 (23,076.40)(1,811.09) 205091001 LC-2013 A Capitalized Interest 31392BVM5 FNR 2002-3 PG (10,833.93)Principal Paydown 02/25/2017 (10,310.02)(523.91) 205091001 LC-2013 A Capitalized Interest 31294LPZ0 FG E02240 (12,705.39) Principal Paydown 12/01/2016 (11,984.47)(720.92) Page 23 of 30 55 Source Account Account Identifier Description Market Value Transaction Type Final Maturity Base Principal Base Net Total Realized Gain STAMP Portfolio Transaction Report Quarter ended December 31, 2013 205091001 LC-2013 A Capitalized Interest 31402QT68 FN 735073 (22,672.56)Principal Paydown 10/01/2019 (20,997.50)(1,675.06) 205091001 LC-2013 A Capitalized Interest 31392BVM5 FNR 2002-3 PG (10,326.86)Principal Paydown 02/25/2017 (9,814.30)(512.56) 205091001 LC-2013 A Capitalized Interest 31392BVM5 FNR 2002-3 PG (12,386.47)Principal Paydown 02/25/2017 (11,756.04)(630.43) 205091001 LC-2013 A Capitalized Interest 31393EXC8 FNR 2003-88 TH (21,911.95)Principal Paydown 09/25/2018 (20,720.62)(1,191.33) 205091001 LC-2013 A Capitalized Interest 31393EXC8 FNR 2003-88 TH (25,349.89)Principal Paydown 09/25/2018 (23,990.99)(1,358.90) 205091001 LC-2013 A Capitalized Interest 31393EXC8 FNR 2003-88 TH (25,467.22)Principal Paydown 09/25/2018 (24,121.68)(1,345.54) 205091001 LC-2013 A Capitalized Interest 3136A8G38 FNA 2012-M13 ASQ2 (2,277.62)Principal Paydown 08/25/2017 (2,309.28)31.66 205091001 LC-2013 A Capitalized Interest 3136A8G38 FNA 2012-M13 ASQ2 (82,875.57)Principal Paydown 08/25/2017 (84,052.36)1,176.79 205091001 LC-2013 A Capitalized Interest 3136A8G38 FNA 2012-M13 ASQ2 (2,574.47)Principal Paydown 08/25/2017 (2,609.50)35.03 205091001 LC-2013 A Capitalized Interest 31294LPZ0 FG E02240 (26,427.84) Principal Paydown 12/01/2016 (24,998.90)(1,428.94) 205091001 LC-2013 A Capitalized Interest 31294LPZ0 FG E02240 (12,647.91) Principal Paydown 12/01/2016 (11,947.05)(700.86) 205091001 LC-2013 A Capitalized Interest 3128MBTH0 FG G13052 (8,530.72)Principal Paydown 03/01/2019 (8,041.04)(489.68) 205091001 LC-2013 A Capitalized Interest 3128MBTH0 FG G13052 (8,202.39)Principal Paydown 03/01/2019 (7,737.94)(464.45) 205091001 LC-2013 A Capitalized Interest 3136ACGF2 FNA 2013-M3 ASQ2 (166,207.89)Principal Paydown 02/25/2016 (165,871.44)(336.45) 205091001 LC-2013 A Capitalized Interest 3128MBTH0 FG G13052 (7,219.29)Principal Paydown 03/01/2019 (6,816.18)(403.11) 205091001 LC-2013 A Capitalized Interest 3128PGLY7 FG J04843 (21,997.42)Principal Paydown 05/01/2017 (20,947.56)(1,049.86) 205091001 LC-2013 A Capitalized Interest 3128PGLY7 FG J04843 (11,253.28)Principal Paydown 05/01/2017 (10,705.71)(547.57) 205091001 LC-2013 A Capitalized Interest 3128PGLY7 FG J04843 (13,205.67)Principal Paydown 05/01/2017 (12,550.93)(654.74) 205091001 LC-2013 A Capitalized Interest 31381QLL8 FN 467531 (1,372.52)Principal Paydown 03/01/2016 (1,353.18)(19.34) 205091001 LC-2013 A Capitalized Interest 31381QLL8 FN 467531 (1,242.12)Principal Paydown 03/01/2016 (1,225.27)(16.85) 205091001 LC-2013 A Capitalized Interest 31381QLL8 FN 467531 (1,381.97)Principal Paydown 03/01/2016 (1,363.92)(18.05) 205091001 LC-2013 A Capitalized Interest 38376GWZ9 GNR 2010-141 A (19,594.45)Principal Paydown 08/16/2031 (19,587.72)(6.73) 205091001 LC-2013 A Capitalized Interest 38376GWZ9 GNR 2010-141 A (19,730.52)Principal Paydown 08/16/2031 (19,726.64)(3.88) 205091001 LC-2013 A Capitalized Interest 38376GWZ9 GNR 2010-141 A (19,662.31)Principal Paydown 08/16/2031 (19,657.00)(5.31) (1,567,693.05)(1,497,622.11)(70,070.94) 205091001 LC-2013 A Capitalized Interest 313385QD1 FED HOME LN DISCOUNT NT (2,299,968.05)Sell 12/06/2013 (2,299,965.50)(5.75) 205091001 LC-2013 A Capitalized Interest 313385QL3 FED HOME LN DISCOUNT NT (1,399,961.91)Sell 12/13/2013 (1,399,962.67)(1.48) 205091001 LC-2013 A Capitalized Interest 9AMMF05B2 U.S. Bank Money Market Account Fund (4,551,025.96)Sell 12/31/2013 (4,551,025.96)- 205091001 LC-2013 A Capitalized Interest 9AMMF05B2 U.S. Bank Money Market Account Fund (2,499,650.00)Sell 12/31/2013 (2,499,650.00)- 205091001 LC-2013 A Capitalized Interest 9AMMF05B2 U.S. Bank Money Market Account Fund (9,780,923.39)Sell 12/31/2013 (9,780,923.39)- 205091001 LC-2013 A Capitalized Interest 9AMMF05B2 U.S. Bank Money Market Account Fund (583,155.38)Sell 12/31/2013 (583,155.38)- 205091001 LC-2013 A Capitalized Interest 9AMMF05B2 U.S. Bank Money Market Account Fund (1,439,188.22)Sell 12/31/2013 (1,439,188.22)- 205091001 LC-2013 A Capitalized Interest 9AMMF05B2 U.S. Bank Money Market Account Fund (4,949,880.73)Sell 12/31/2013 (4,949,880.73)- 205091001 LC-2013 A Capitalized Interest 313385QJ8 FED HOME LN DISCOUNT NT (844,978.87)Sell 12/11/2013 (844,980.28)0.00 205091001 LC-2013 A Capitalized Interest 313397QC8 FREDDIE MAC DISCOUNT NT (1,249,984.38)Sell 12/05/2013 (1,249,983.33)(2.78) 205091001 LC-2013 A Capitalized Interest 89116EZ22 Toronto Dominion Holdings (U.S.A.), Inc.(2,499,950.00)Sell 12/02/2013 (2,499,965.28)6.95 (32,098,666.89) (32,098,680.74) (3.06) Subtotal - 205091001 LC-2013 A Capitalized Interest (7,547,784.62) (7,477,727.52) (70,074.01) Grand Total 91 CIP Bonds (STAMP Portfolio)(66,648,770.21) (61,764,488.49) (53,050.48) Page 24 of 30 56 BLANK Market Sector Asset Class Security Type STAMP Portfolio for quarter ended December 31, 2013 Credit Rating Industry Group ATTACHMENT 5 57 BLANK Security Type STAMP Portfolio Toll Revenue Project Senior Lien Fund for quarter ended December 31, 2013 Credit Rating Industry Group Market Sector Asset Class ATTACHMENT 6 58 BLANK Security Type STAMP Portfolio Toll Revenue Project Sales Tax Revenue Fund for quarter ended December 31, 2013 Credit Rating Industry Group Market Sector Asset Class ATTACHMENT 7 59 BLANK Security Type STAMP Portfolio Series A & Series B Reserve Fund for quarter ended December 31, 2013 Credit Rating Industry Group Market Sector Asset Class ATTACHMENT 8 60 BLANK Security Type STAMP Portfolio Toll Revenue Project Capitalized Interest Fund for quarter ended December 31, 2013 Credit Rating Industry Group Market Sector Asset Class ATTACHMENT 9 61 BLANK Security Type STAMP Portfolio Sales Tax Revenue Capitalized Interest Fund for quarter ended December 31, 2013 Credit Rating Industry Group Market Sector Asset Class ATTACHMENT 10 62 BLANK County of Riverside Treasurer’s Pooled Investment Fund December20 1 3 Don Kent Treasurer-Tax Collector Jon Christensen Asst. Treasurer-Tax Collector Giovane Pizano Investment Manager Erika Clark Asst. Investment Manager Capital Markets Team Investment Objectives The primary objective of the treasurer shall be to safeguard the principal of the funds under the treasurer's control, meet the liquidity needs of the depositor, and achieve a return on the funds under his or her control. RIVERSIDE COUNTY TREASURER’S POOLED INVESTMENT FUND IS CURRENTLY RATED: Aaa-bf BY MOODY’S INVESTOR’S SERVICE AND AAA/V1 BY FITCH RATINGS The Treasurer's Pooled Investment Fund is comprised of the County, Schools, Special Districts, and other Discretionary Depositors. Month End Market Value ($)* Month End Book Value ($) Paper Gain or Loss ($) Paper Gain or Loss (%) Book Yield (%) Yrs to Maturity Modified Duration December 5,992,725,493.93 6,004,394,253.64 (11,668,759.71) (0.19) 0.33 1.14 1.11 November 5,032,655,881.68 5,035,567,606.25 (2,911,724.57) (0.06) 0.38 1.34 1.32 October 4,703,816,806.01 4,708,007,227.09 (4,190,421.08) (0.09) 0.39 1.39 1.37 September 4,667,700,837.97 4,676,504,716.51 (8,803,878.54) (0.19) 0.38 1.37 1.34 August 5,126,815,145.73 5,143,739,370.71 (16,924,224.98) (0.33) 0.38 1.31 1.28 July 5,056,902,977.23 5,068,151,243.56 (11,248,266.33) (0.22) 0.37 1.32 1.30 “Yellen From the Mountain Top” It was a busy year economically speaking with some of the issues we covered being carried over into 2014, namely the federal budget and debt ceiling debate. The biggest news, at least for us involved in the fi- nancial markets, is the changing of the guard at the FED, with Bernanke’s term set to expire at the end of January. Dr. Janet Yellen was confirmed by the U.S. Senate and will take over for Bernanke as the first woman in history to hold this most prestigious post. Yellen has served as Vice Chairman and Member of the FOMC, President of the Federal Reserve Bank of San Francisco, Chairman of President Clinton’s Council of Economic Advisers as well as professor at UC Berkley. A primary concern among investors and politicians alike is whether the Yellen FED will be able to suc- cessfully withdraw from current quantitative easing (QE) policies without disrupting their two primary goals of keeping prices stable and unemployment low, or, incurring other collateral damage unwind- ing over $4 trillion (yes trillion) currently on the FED’s balance sheet. Current QE purchases amount to roughly $85 billion in treasuries and mortgage backed securities per month. While the FED’s stimu- lative policies have added liquidity to the markets and double-digit returns with the DJIA closing above 16,500 for the year, employment has lagged some- what behind other economic indicators. Additional- ly, market watchers are concerned we are in another asset bubble; somewould argue the stock market while others say real estate. To the surprise of many, the FED did announce at its December 18th meeting that they will begin the taper of its open market bond purchases, which ironically, sparked a 293 point rally in the DJIA. The FED stat- ed, “The Committee decided to modestly reduce the pace of its asset purchases. Beginning in January, the Committee will add to its holdings of agency mort- gage-backed securities at a pace of $35 billion per month rather than $40 billion per month, and will add to its holdings of longer-term Treasury securities at a pace of $40 billion per month rather than $45 billion per month”. They also stated, “The Commit- tee will likely reduce the pace of asset purchases in further measured steps at future meetings.” This is huge news in the bond market as just a hint of the taper last year sent rates on an upward trajectory, causing losses in U.S Treasuries; the 10-year hit a low yield of 1.60% in May only to finish out the year at almost 3.00%. As a reminder, as bond yields (interest rates) increase, the value (or price) decreases accordingly; this is the inverse relationship that ex- ists when investing in bonds and as rates creep up, so too will the unrealized loss figure at the bottom of this report. This is completely natural and is to be expected when managing the nature and size of a fund such as the TPIF. As we wrote about in our June report, the Fund has ample liquidity to meet our depositor’s needs due to our historical 12-month forward cash flow model. It has served us well, and I am proud to say that for the nearly 17 years I have been with this office, we’ve never lost a penny (even deep in the financial crisis) because we never have to sell a security to generate cash; we are largely a buy and hold portfolio. The best case scenario for investors in 2014 and be- yond is that there is a soft landing for Treasury yields as the FED embarks on the taper; equity inves- tors will want to see the same. Stay tuned for an interesting ride in the coming year with the debt ceiling debate due to come back like a bad movie sequel. We will continue to invest accordingly. Don Kent Treasurer-Tax Collector ATTACHMENT 11 63 Nymex Crude 98.42$ 5.70$ Gold (USD/OZ)1,205.65$ (47.84)$ Value Change Dow Jones (DJIA)16,576.66 490.25 S&P 500 Index 1,805.81 1,848.36 NASDAQ (NDX)4,176.59 116.70 Fed Move 1/29/2014 3/19/2014 Decrease to 0.00%64.0%60.1% Increase to 0.25%36.0%37.7% Increase to 0.50%0.0%2.2% Increase to 0.75%0.0%0.0% Increase to 1%0.0%0.0% Current Fed Funds Rate: 0-0.25% Probability for FOMC Dates: Current Market Data Economic Indicators Stock Indices Commodities Fed Funds Target Rate RIVERSIDE COUNTY TREASURER-TAX COLLECTOR 2 US Treasury Curve (M/M) FOMC Meeting Schedule Release %Risk Assessment October `30 0-.25%Risk to Growth December `18 0-.25%Risk to Growth Release Date Indicator Consensus Actual 12/6/2013 180,000 203,000 12/6/2013 7.2%7.0% 12/24/2013 1.5%3.5% 12/20/2013 3.6%4.1% 12/31/2013 76.8 78.1% 12/5/2013 -1.2%-0.9 12/17/2013 0.0%0.0%Consumer Price Index - M/M change: The Consumer Price Index is a measure of the average price level of a fixed basket of goods and services purchased by consumers. Non-Farm Payrolls M/M change: Counts the number of paid employees working part- time or full-time in the nation's business and government establishments. Employment Situation: Measures the number of unemployed as a percentage of the labor force. Durable Goods Orders - M/M change: Reflects the new orders placed with domestic manufacturers for immediate and future delivery of factory hard goods. Real Gross Domestic Product - Q/Q change: The broadest measure of aggregate economic activity and encompasses every sector of the economy. GDP is the country's most comprehensive economic scorecard. Consumer Confidence: Measures consumer attitudes on present economic conditions and expectations of future conditions. Factory Orders M/M change: Represents the dollar level of new orders for both durable and nondurable goods. 64 Fund Symbol 7 Day Yield Fidelity Prime Institutional MMF FIPXX 0.05% Federated Prime Obligations Fund POIXX 0.03% Wells Fargo Advantage Heritage WFJXX 0.07% Morgan Stanley Institutional Prime Liquidity Fund MPFXX 0.05% JP Morgan CJPXX 0.05% AAA Rated Prime Institutional Money-Market Funds 0.32%0.37%0.38% 0.38%0.37%0.38%0.39%0.37%0.38% 0.38% 0.39%0.38%0.33% 0.14%0.11%0.12%0.11% 0.10%0.08%0.07% 0.06%0.06%0.05% 0.05% 0.05% 0.05% 0.00% 0.20% 0.40% 0.60% 0.80% 1.00% Dec-12 Feb-13 Apr-13 Jun-13 Aug-13 Oct-13 Dec-13 Pool Yield TIMMI The Pooled Investment Fund cash flow requirements are based upon a 12 month historical cash flow model. Based upon projected cash receipts and maturing investments, there are sufficient funds to meet future cash flow disbursements over the next 12 months. The Treasurer’s Institutional Money Market Index (TIMMI) is compiled and reported by the Riverside County Treasurer’s Capital Markets division. It is a composite index derived from four AAA rated prime institutional money market funds. Similar to the Treasurer’s Office, prime money market funds invest in a diversified portfolio of U.S. dollar denominated money market instruments including U.S. Treasuries, government agencies, commercial paper, certificates of deposits, repurchase agreements, etc. TIMMI is currently comprised of the four multi billion dollar funds listed below. TIMMI RIVERSIDE COUNTY TREASURER-TAX COLLECTOR 3 Cash Flows Month Monthly Receipts Monthly Disbursements Difference Required Matured Investments Balance Actual Investments Maturing Available to Invest > 1 Year 01/2014 189.90 01/2014 676.58 1,293.98 (617.40) 427.50 - 1,462.00 02/2014 560.00 820.00 (260.00) 260.00 - 265.00 03/2014 839.70 820.45 19.25 19.25 650.00 04/2014 1,320.00 738.06 581.94 601.19 182.11 05/2014 550.00 1,190.04 (640.04) 38.85 0.00 412.35 06/2014 542.82 1,124.81 (581.99) 581.99 - 302.00 07/2014 1,000.00 950.00 50.00 50.00 121.70 08/2014 600.00 725.41 (125.41) 75.41 - 175.00 09/2014 700.00 830.00 (130.00) 130.00 - 68.80 10/2014 757.29 890.00 (132.71) 132.71 - 151.64 11/2014 919.01 703.43 215.58 215.58 64.36 12/2014 1,691.73 850.00 841.73 1,057.31 40.00 TOTALS 10,157.13 10,936.18 (779.05) 1,646.46 2,133.23 3,894.96 4,357.93 27.42% 64.87% 72.58% * All values reported in millions ($). 65 Asset Allocation RIVERSIDE COUNTY TREASURER-TAX COLLECTOR 4 701,000.00 100.00% 0.05% .003 .003 365,000.00 100.00% 0.14% .003 .003 455.00 100.00% 0.88% 6.460 6.460 370,000.00 100.02% 0.19% .907 .907 50,000.00 10 0 .13 % 0 .17 % .3 8 4 .3 8 4 458,535.00 99.72% 0.90% .670 2.728 899,929.00 99.13% 0.72% 2.374 3.222 292,000.00 100.04% 0.12% .281 .281 1,022,635.71 99.69% 0.37% 1.147 1.383 420,145.00 100.04% 0.24% .802 .849 90,000.00 100.07% 0.14% .370 .370 262,568.00 99.99% 0.26% .850 .850 63,430.00 100.00% 0.46% 1.182 1.182 760,000.00 100.01% 0.13% .142 .142 195,000.00 100.00% 0.14% .143 .143 6,004,697.71 9 9 .8 1% 0 .3 3 % .8 10 1.13 8 Mkt/ Sch Book NCDS 195,000.00 195,000.00 MUNI BONDS 63,476.43 63,476.43 262,544.29 457,103.65 370,272.60 WAL (Yr) Mat (Yr) MMKT 701,000.00 701,000.00 Assets (000's) Scheduled Par YieldScheduled Book Scheduled Market Totals (000's): 6,004,394.25 5,992,725.49 COMM PAPER 759,731.38 759,824.23 262,530.87 420,024.12 420,179.78 89,909.40 89,975.70 49,986.5049,922.08 291,826.63 291,952.55 1,022,654.30 .003 365,000.00 365,000.00 54,000.00 0.42% .003 370,211.33 458,409.53 455.00 892,433.13 455.00 100.00% FARMER MAC FFCB BONDS FMAC DISC NOTES FHLB DISC NOTES FHLB BONDS FNMA BONDS 1,019,535.05 900,229.77 DDA/PASSBK CALTRUST FND 54,000.00 54,000.00 FHLMC DISC NOTES FHLMC BONDS LOCAL AGCY OB LIG US TREAS BONDS 66 Maturity Distribution RIVERSIDE COUNTY TREASURER-TAX COLLECTOR 5 Scheduled Par (000's) 0-1 Mos 1-3 Mos 3-12 Mos 1-2 Yr 2-3 Yr >3 Yr Totals (000's) MMKT 701,000.00 - - - - - 701,000.00 CALTRUST FND 54,000.00 - - - - - 54,000.00 DDA/PASSBK 365,000.00 - - - - - 365,000.00 LOCAL AGCY OBLIG - - - - - 455.00 455.00 US TREAS BONDS - - 145,000.00 225,000.00 - - 370,000.00 FHLMC DISC NOTES - - 50,000.00 - - - 50,000.00 FHLMC BONDS - 60,000.00 52,000.00 45,000.00 120,625.00 180,910.00 458,535.00 FNMA BONDS - 20,000.00 - 115,000.00 306,887.00 458,042.00 899,929.00 FHLB DISC NOTES - 155,000.00 137,000.00 - - - 292,000.00 FHLB BONDS 6,000.00 70,000.00 571,700.00 150,000.00 58,685.71 166,250.00 1,022,635.71 FFCB BONDS 6,000.00 4,995.00 244,150.00 145,000.00 20,000.00 - 420,145.00 FMAC DISC NOTES - - 90,000.00 - - - 90,000.00 FARMER MAC 35,000.00 5,000.00 135,000.00 72,568.00 5,000.00 10,000.00 262,568.00 MUNI BONDS - - 33,095.00 16,765.00 13,570.00 - 63,430.00 COMM PAPER 250,000.00 450,000.00 60,000.00 - - - 760,000.00 NCDS 45,000.00 150,000.00 - - - - 195,000.00 Totals (000's):1,462,000.00 914,995.00 1,517,945.00 769,333.00 524,767.71 815,657.00 6,004,697.71 %24.35% 15.24% 25.28% 12.81% 8.74% 13.58% Cumulative %24.35% 39.59% 64.86% 77.68% 86.42% 100.00% 67 Credit Quality NR 718,023.00 717,908.69 717,961.67 100.01% 0.18% 0.22% 0.38% 0.16% 0.33% Yield Aaa Moody (000's)Par Book Market MKT/Book 4,549,193.04 100.02% Aa 50,000.00 Aa2 4,560,904.234,560,949.71 99.74% 100.01% Aa3 300,528.08300,635.00 A1 49,998.50 293,020.00 293,013.67 37,070.00 37,060.42 49,938.75 99.88% 6,004,394.25 5,992,725.49 Aa1 293,007.21 300,579.21 99.81%6,004,697.71Totals (000's): 100.00% 45,000.00 44,980.67 44,980.32 100.00% 0.14% 0.28% 0.14% 37,065.40 MOODY’S S & P S&P (000's) AAA AA+3,552,094.71 3,551,508.20 AA AA-465,000.00 464,883.50 NR Totals (000's): 3,540,017.17 99.99% 0.45% 0.16%99.98% 0.17% Par Book Market MKT/Book Yield 1,149,814.131,150,092.641,149,600.00 717,961.57 464,939.61 100.01% 6,004,697.71 6,004,394.25 5,992,725.49 99.81% 0.33% 99.68% 718,023.00 717,908.69 0.14% 0.18%100.0.1% 119,980.00 120,001.22 119,993.02 RIVERSIDE COUNTY TREASURER-TAX COLLECTOR 6 68 Description Maturity Date Coupon Par Value Book Value Market Price Market Value Unrealized Gain/Loss CALTRUST HERITAGE 01/01/2014 .062 170,000,000.00 170,000,000.00 100.000000 170,000,000.00 0.00 FIDELITY PRIME 01/01/2014 .044 150,000,000.00 150,000,000.00 100.000000 150,000,000.00 0.00 FEDERATED PRIME 01/01/2014 .025 1,000,000.00 1,000,000.00 100.000000 1,000,000.00 0.00 MORGAN STANLEY 01/01/2014 .044 210,000,000.00 210,000,000.00 100.000000 210,000,000.00 0.00 JP MORGAN PRIME 01/01/2014 .053 170,000,000.00 170,000,000.00 100.000000 170,000,000.00 0.00 .051 701,000,000.00 701,000,000.00 100.000000 701,000,000.00 0.00 CALTRUST SHT TERM 01/01/2014 .416 54,000,000.00 54,000,000.00 100.000000 54,000,000.00 0.00 .416 54,000,000.00 54,000,000.00 100.000000 54,000,000.00 0.00 UB MANAGED RATE 01/01/2014 .080 255,000,000.00 255,000,000.00 100.000000 255,000,000.00 0.00 BANK OF THE WEST 01/01/2014 .277 110,000,000.00 110,000,000.00 100.000000 110,000,000.00 0.00 .139 365,000,000.00 365,000,000.00 100.000000 365,000,000.00 0.00 US DIST COURTHOUSE 06/15/2020 .878 455,000.00 455,000.00 100.000000 455,000.00 0.00 .878 455,000.00 455,000.00 100.000000 455,000.00 0.00 U.S. TREASURY BOND 06/30/2014 .250 20,000,000.00 20,002,343.75 100.078000 20,015,600.00 13,256.25 U.S. TREASURY BOND 06/30/2014 .250 25,000,000.00 25,005,859.38 100.078000 25,019,500.00 13,640.62 U.S. TREASURY BOND 06/30/2014 .250 25,000,000.00 25,004,882.81 100.078000 25,019,500.00 14,617.19 U.S. TREASURY BOND 07/31/2014 .125 25,000,000.00 24,986,328.13 100.012000 25,003,000.00 16,671.87 U.S. TREASURY BOND 10/31/2014 .250 25,000,000.00 25,017,578.13 100.086000 25,021,500.00 3,921.87 U.S. TREASURY BOND 10/31/2014 .250 25,000,000.00 25,016,601.56 100.086000 25,021,500.00 4,898.44 U.S. TREASURY BOND 02/28/2015 .250 25,000,000.00 25,017,578.13 100.063000 25,015,750.00 -1,828.13 U.S. TREASURY BOND 02/15/2015 .250 25,000,000.00 25,018,554.69 100.070000 25,017,500.00 -1,054.69 U.S. TREASURY BOND 02/28/2015 .250 25,000,000.00 25,017,578.13 100.063000 25,015,750.00 -1,828.13 U.S. TREASURY BOND 01/31/2015 .250 25,000,000.00 25,020,507.81 100.082000 25,020,500.00 -7.81 U.S. TREASURY BOND 01/15/2015 .250 25,000,000.00 25,020,507.81 100.082000 25,020,500.00 -7.81 U.S. TREASURY BOND 01/15/2015 .250 25,000,000.00 25,020,507.81 100.082000 25,020,500.00 -7.81 U.S. TREASURY BOND 01/15/2015 .250 25,000,000.00 25,021,484.38 100.082000 25,020,500.00 -984.38 U.S. TREASURY BOND 01/31/2015 .250 25,000,000.00 25,021,484.38 100.082000 25,020,500.00 -984.38 U.S. TREASURY BOND 01/15/2015 .250 25,000,000.00 25,019,531.25 100.082000 25,020,500.00 968.75 .242 370,000,000.00 370,211,328.15 100.073676 370,272,600.00 61,271.85 FHLMC DISC NOTE 05/20/2014 .170 50,000,000.00 49,922,083.33 99.973000 49,986,500.00 64,416.67 .170 50,000,000.00 49,922,083.33 99.973000 49,986,500.00 64,416.67 FHLMC 3.5YrNc6MoE 03/03/2014 1.250 5,000,000.00 5,000,000.00 100.164000 5,008,200.00 8,200.00 FHLMC 3Yr 02/25/2014 1.375 5,000,000.00 5,000,000.00 100.183000 5,009,150.00 9,150.00 FHLMC 3Yr 02/25/2014 1.375 10,000,000.00 9,973,100.00 100.183000 10,018,300.00 45,200.00 FHLMC 3Yr 04/29/2014 1.350 5,000,000.00 5,027,800.00 100.396000 5,019,800.00 -8,000.00 FHLMC 2Yr 02/27/2014 .375 10,000,000.00 9,996,000.00 100.037000 10,003,700.00 7,700.00 FHLMC 3YrNc2YrE 02/24/2015 .500 5,000,000.00 4,988,000.00 100.036000 5,001,800.00 13,800.00 FHLMC 3YrNc2YrE 02/27/2015 .550 5,000,000.00 4,993,500.00 100.021000 5,001,050.00 7,550.00 FHLMC 2Yr 03/21/2014 .300 10,000,000.00 9,984,000.00 100.046000 10,004,600.00 20,600.00 FHLMC 3YrNc2YrE 03/06/2015 .625 5,000,000.00 5,000,000.00 100.082000 5,004,100.00 4,100.00 FHLMC 3YrNc2YrE 03/06/2015 .625 5,000,000.00 5,000,000.00 100.082000 5,004,100.00 4,100.00 FHLMC 3YrNc2YrE 03/12/2015 .650 10,000,000.00 10,000,000.00 100.094000 10,009,400.00 9,400.00 FHLMC 3YrNc2YrE 03/06/2015 .625 5,000,000.00 4,999,500.00 100.082000 5,004,100.00 4,600.00 FHLMC 2Yr 04/28/2014 .375 5,000,000.00 4,994,400.00 100.079000 5,003,950.00 9,550.00 FHLMC 2.16Yr 04/28/2014 .375 5,000,000.00 4,991,050.00 100.079000 5,003,950.00 12,900.00 FHLMC 3Yr 01/30/2015 .650 5,000,000.00 4,998,250.00 100.037000 5,001,850.00 3,600.00 FHLMC 3.5YrNc2YrB 09/28/2015 .900 5,000,000.00 5,000,000.00 100.177000 5,008,850.00 8,850.00 FHLMC 2Yr 04/28/2014 .375 10,000,000.00 9,972,500.00 100.079000 10,007,900.00 35,400.00 FHLMC 2Yr 04/28/2014 .375 5,000,000.00 4,993,250.00 100.079000 5,003,950.00 10,700.00 FHLMC 2Yr 04/28/2014 .375 5,000,000.00 4,992,015.05 100.079000 5,003,950.00 11,934.95 FHLMC 2Yr 04/28/2014 .375 12,000,000.00 11,984,880.00 100.079000 12,009,480.00 24,600.00 FHLMC 2Yr 03/21/2014 .300 10,000,000.00 9,992,000.00 100.046000 10,004,600.00 12,600.00 FHLMC 2Yr 02/27/2014 .375 10,000,000.00 10,011,600.00 100.037000 10,003,700.00 -7,900.00 FHLMC 4Yr 11/01/2016 .625 10,000,000.00 9,991,200.00 99.601000 9,960,100.00 -31,100.00 FHLMC 2Yr 12/03/2014 .320 5,000,000.00 5,000,000.00 100.128000 5,006,400.00 6,400.00 FHLMC 3YrNc1YrB 01/15/2016 .500 5,000,000.00 5,000,000.00 99.952000 4,997,600.00 -2,400.00 FHLMC 3YrNc2YrB 01/28/2016 .500 5,000,000.00 5,000,000.00 99.881000 4,994,050.00 -5,950.00 FHLMC 3YrNc2YrB 01/28/2016 .500 5,000,000.00 5,000,000.00 99.881000 4,994,050.00 -5,950.00 FHLMC 3YrNc2YrE 01/28/2016 .500 5,000,000.00 5,000,000.00 99.881000 4,994,050.00 -5,950.00 FHLMC 3YrNc2YrB 01/28/2016 .500 5,000,000.00 5,000,000.00 99.881000 4,994,050.00 -5,950.00 FHLMC 3YrNc2YrB 01/28/2016 .500 5,000,000.00 5,000,000.00 99.881000 4,994,050.00 -5,950.00 FHLMC 3YrNc2YrB 01/28/2016 .500 10,000,000.00 9,998,000.00 99.881000 9,988,100.00 -9,900.00 FHLMC 3YrNc2YrE 01/28/2016 .500 6,000,000.00 5,998,800.00 99.881000 5,992,860.00 -5,940.00 FHLMC 3YrNc1YrE 01/15/2016 .450 5,000,000.00 5,000,000.00 99.910000 4,995,500.00 -4,500.00 FHLMC 4Yr 11/01/2016 .625 4,625,000.00 4,629,301.25 99.601000 4,606,546.25 -22,755.00 FHLMC 3YrNc6MoB 03/28/2016 .600 5,000,000.00 5,000,000.00 100.069000 5,003,450.00 3,450.00 FHLMC 3.5YrNc3MoB 09/14/2016 .650 5,000,000.00 5,000,000.00 99.658000 4,982,900.00 -17,100.00 FHLMC 3YrNc3MoB 09/14/2016 .650 5,000,000.00 4,999,000.00 99.658000 4,982,900.00 -16,100.00 FHLMC 3.5YrNc3MoB 09/14/2016 .650 5,000,000.00 5,000,000.00 99.658000 4,982,900.00 -17,100.00 FHLMC 3Yr 05/13/2016 .500 10,000,000.00 9,999,900.00 99.879000 9,987,900.00 -12,000.00 FHLMC 3Yr 05/13/2016 .500 5,000,000.00 5,000,000.00 99.879000 4,993,950.00 -6,050.00 FHLMC 3Yr 05/13/2016 .500 5,000,000.00 5,000,000.00 99.879000 4,993,950.00 -6,050.00 FHLMC 5YrNc6MoB 10/15/2018 1.500 10,000,000.00 10,000,000.00 99.569000 9,956,900.00 -43,100.00 FHLMC 5YrNc6MoB 10/15/2018 1.500 10,000,000.00 10,000,000.00 99.569000 9,956,900.00 -43,100.00 FHLMC 5YrNc6MoB 10/23/2018 1.500 5,000,000.00 5,000,000.00 99.408000 4,970,400.00 -29,600.00 FHLMC 5YrNc6MoB 10/30/2018 1.250 10,000,000.00 10,000,000.00 99.512000 9,951,200.00 -48,800.00 FHLMC 5YrNc6MoB 10/30/2018 1.250 12,000,000.00 12,000,000.00 99.544000 11,945,280.00 -54,720.00 FHLMC 5YrNc6MoB 10/30/2018 1.350 5,000,000.00 5,000,000.00 99.489000 4,974,450.00 -25,550.00 Fund: 1 POOL FUND MMKT WFJXX .062 .003 .003 FIPXX .044 .003 .003 POIXX .025 .003 .003 MPFXX .044 .003 .003 CJPXX .053 .003 .003 .051 .003 .003 CALTRUST FND CLTR .416 .003 .003 .416 .003 .003 DDA/PASSBK CASH .080 .003 .003 MMDA .277 .003 .003 .139 .003 .003 LOCAL AGCY OBLIG LAO .878 3.349 6.460 .878 3.349 6.460 US TREAS BONDS 912828TA8 .243 .495 .496 912828TA8 .235 .495 .496 912828TA8 .237 .495 .496 912828TF7 .172 .583 .581 912828TU4 .184 .832 .833 912828TU4 .187 .832 .833 912828UP3 .197 1.164 1.162 912828SE1 .192 1.119 1.126 912828UP3 .197 1.164 1.162 912828UK4 .182 1.080 1.085 912828RZ5 .180 1.036 1.041 912828RZ5 .180 1.036 1.041 912828RZ5 .173 1.036 1.041 912828UK4 .176 1.081 1.085 912828RZ5 .179 1.036 1.041 .194 .904 .907 FHLMC DISC NOTES 313397XA4 .170 .383 .384 .170 .383 .384 FHLMC BONDS 3134G1SG0 1.250 .169 .170 3137EACR8 1.375 .152 .153 3137EACR8 1.465 .152 .153 3134G2CL4 1.160 .324 .326 3134G3LA6 .394 .158 .159 3134G3NL0 .581 1.140 1.151 3134G3PD6 .594 1.148 1.159 3134G3NS5 .378 .219 .219 3134G3QW3 .625 1.172 1.178 3134G3QW3 .625 1.172 1.178 3134G3RP7 .650 1.189 1.195 3134G3QW3 .628 1.172 1.178 3134G3SB7 .427 .322 .323 3134G3SB7 .460 .322 .323 3134G3JX9 .662 1.072 1.082 3134G3TL4 .900 1.721 1.742 3134G3SB7 .509 .322 .323 3134G3SB7 .440 .322 .323 3134G3SB7 .452 .322 .323 3134G3SB7 .437 .322 .323 3134G3NS5 .345 .219 .219 3134G3LA6 .303 .159 .159 3134G3S50 .647 2.801 2.838 3134G32E9 .320 .920 .923 3134G33X6 .500 2.021 2.041 3134G34B3 .500 2.057 2.077 3134G34B3 .500 2.057 2.077 3134G34B3 .500 2.057 2.077 3134G34B3 .500 2.057 2.077 3134G34B3 .500 2.057 2.077 3134G34B3 .507 2.057 2.077 3134G34B3 .507 2.057 2.077 3134G33R9 .450 2.023 2.041 3134G3S50 .600 2.802 2.838 3134G36A3 .600 2.220 2.241 3134G36J4 .650 2.670 2.707 3134G36J4 .656 2.670 2.707 3134G36J4 .650 2.670 2.707 3137EADQ9 .500 2.348 2.367 3137EADQ9 .500 2.348 2.367 3137EADQ9 .500 2.348 2.367 3134G4H68 1.500 4.590 4.792 3134G4H68 1.500 4.590 4.792 3134G4H92 1.500 4.612 4.814 3134G4HM3 1.250 4.667 4.833 3134G4HX9 1.250 4.667 4.833 3134G4J25 1.350 4.654 4.833 Month End Portfolio Holdings Maturity To Mat Modified Duration Years To MaturityCUSIP RIVERISIDE COUNTY TREASURER-TAX COLLECTOR 7 69 Description Maturity Date Coupon Par Value Book Value Market Price Market Value Unrealized Gain/Loss Month End Portfolio Holdings Maturity To Mat Modified Duration Years To MaturityCUSIP FHLMC 5YrNc6MoB 10/30/2018 1.350 5,000,000.00 5,000,000.00 99.489000 4,974,450.00 -25,550.00 FHLMC 5YrNc6MoB 11/27/2018 1.250 10,000,000.00 10,000,000.00 99.085000 9,908,500.00 -91,500.00 FHLMC 5YrNc6MoB 11/27/2018 1.350 10,000,000.00 10,000,000.00 98.837000 9,883,700.00 -116,300.00 FHLMC 5YrNc6MoB 11/27/2018 1.350 7,940,000.00 7,940,000.00 98.837000 7,847,657.80 -92,342.20 FHLMC 2.5YrNc6MoB 05/27/2016 .530 15,000,000.00 15,000,000.00 99.807000 14,971,050.00 -28,950.00 FHLMC 5YrNc6MoB 11/27/2018 1.350 4,995,000.00 4,992,502.50 98.837000 4,936,908.15 -55,594.35 FHLMC 5YrNc6MoB 12/11/2018 1.500 10,000,000.00 10,000,000.00 99.331000 9,933,100.00 -66,900.00 FHLMC 5YrNc6MoB 11/27/2018 1.500 10,000,000.00 10,000,000.00 99.283000 9,928,300.00 -71,700.00 FHLMC 5YrNc6MoB 11/27/2018 1.500 10,000,000.00 10,000,000.00 99.283000 9,928,300.00 -71,700.00 FHLMC 5YrNc6MoB 12/18/2018 1.500 5,000,000.00 5,000,000.00 98.706000 4,935,300.00 -64,700.00 FHLMC 5YrNc6MoB 12/18/2018 1.375 10,000,000.00 10,000,000.00 98.921000 9,892,100.00 -107,900.00 FHLMC 5YrNc6MoB 12/17/2018 1.375 5,000,000.00 5,000,000.00 98.955000 4,947,750.00 -52,250.00 FHLMC 5YrNc6MoB 12/17/2018 1.375 2,675,000.00 2,668,981.25 98.955000 2,647,046.25 -21,935.00 FHLMC 5YrNc6MoB 12/27/2018 1.500 13,300,000.00 13,300,000.00 99.293000 13,205,969.00 -94,031.00 FHLMC 4YrNc6MoB 12/27/2017 .750 5,000,000.00 5,000,000.00 99.440000 4,972,000.00 -28,000.00 FHLMC 5YrNc6MoB 12/27/2018 1.500 10,000,000.00 10,000,000.00 99.293000 9,929,300.00 -70,700.00 FHLMC 5YrNc6MoB 12/27/2018 1.150 10,000,000.00 10,000,000.00 99.213000 9,921,300.00 -78,700.00 .888 458,535,000.00 458,409,530.05 99.687842 457,103,647.45 -1,305,882.60 FNMA 3.5YrNc6MoE 03/21/2014 1.350 5,000,000.00 5,000,000.00 100.267000 5,013,350.00 13,350.00 FNMA 5Yr 02/04/2016 .272 10,000,000.00 9,990,000.00 100.100000 10,010,000.00 20,000.00 FNMA 4Yr 03/14/2014 1.250 5,000,000.00 4,996,000.00 100.224000 5,011,200.00 15,200.00 FNMA 5Yr 03/13/2014 2.750 10,000,000.00 10,454,500.00 100.516000 10,051,600.00 -402,900.00 FNMA 5YrNc1YrB 07/26/2017 .875 5,000,000.00 5,000,000.00 99.497000 4,974,850.00 -25,150.00 FNMA 5YrNc1YrB 07/10/2017 .850 4,980,000.00 4,980,000.00 99.320000 4,946,136.00 -33,864.00 FNMA 5YrNc1YrB 07/26/2017 1.150 5,000,000.00 5,000,000.00 99.330000 4,966,500.00 -33,500.00 FNMA 5YrNc2YrB 07/25/2017 .750 10,000,000.00 10,000,000.00 100.206000 10,020,600.00 20,600.00 FNMA 5YrNc1YrB 07/26/2017 .875 10,000,000.00 10,000,000.00 99.497000 9,949,700.00 -50,300.00 FNMA 5YrNc1YrB 07/26/2017 .875 5,000,000.00 5,000,000.00 99.497000 4,974,850.00 -25,150.00 FNMA 5YrNc1YrB 08/15/2017 .750 5,000,000.00 5,000,000.00 99.376000 4,968,800.00 -31,200.00 FNMA 5YrNc1YrB 08/14/2017 .750 5,000,000.00 5,000,000.00 99.617000 4,980,850.00 -19,150.00 FNMA 5YrNc1YrB 08/16/2017 .750 5,000,000.00 5,000,000.00 99.414000 4,970,700.00 -29,300.00 FNMA 5YrNc1YrB 08/14/2017 .750 10,000,000.00 9,995,000.00 98.939000 9,893,900.00 -101,100.00 FNMA 5YrNc1YrB 08/28/2017 .880 10,000,000.00 10,000,000.00 98.847000 9,884,700.00 -115,300.00 FNMA 5YrNc1YrB 09/20/2017 .750 5,000,000.00 5,000,000.00 98.422000 4,921,100.00 -78,900.00 FNMA 5YrNc1YrB 09/20/2017 .750 10,000,000.00 10,000,000.00 98.422000 9,842,200.00 -157,800.00 FNMA 5YrNc1YrB 09/20/2017 .700 5,000,000.00 5,000,000.00 99.125000 4,956,250.00 -43,750.00 FNMA 5YrNc1YrB 09/27/2017 .700 5,000,000.00 5,000,000.00 98.775000 4,938,750.00 -61,250.00 FNMA 5YrNc1YrB 09/27/2017 .700 5,000,000.00 5,000,000.00 98.775000 4,938,750.00 -61,250.00 FNMA 5YrNc1YrB 09/20/2017 .700 5,000,000.00 5,000,000.00 99.125000 4,956,250.00 -43,750.00 FNMA 5YrNc1YrB 11/08/2017 .700 10,000,000.00 10,000,000.00 99.061000 9,906,100.00 -93,900.00 FNMA 3YrNc1YrE 10/22/2015 .500 5,000,000.00 5,001,562.50 100.155000 5,007,750.00 6,187.50 FNMA 3YrNc2YrE 11/06/2015 .500 10,000,000.00 10,000,000.00 100.020000 10,002,000.00 2,000.00 FNMA 3YrNc2YrE 11/25/2015 .480 10,000,000.00 10,000,000.00 100.000000 10,000,000.00 0.00 FNMA 3.5YrNc2YrE 05/26/2016 .550 5,000,000.00 5,000,000.00 99.726000 4,986,300.00 -13,700.00 FNMA 4YrNc1YrB 11/07/2016 .600 5,000,000.00 5,000,000.00 99.964000 4,998,200.00 -1,800.00 FNMA 5YrNc6MoB 11/07/2017 .700 5,250,000.00 5,250,000.00 98.748000 5,184,270.00 -65,730.00 FNMA 5YrNc1YrB 12/18/2017 .750 10,000,000.00 10,000,000.00 98.768000 9,876,800.00 -123,200.00 FNMA 3YrNc1YrE 11/06/2015 .500 5,000,000.00 5,000,000.00 100.020000 5,001,000.00 1,000.00 FNMA 5YrNc1YrB 12/13/2017 .800 5,000,000.00 5,000,000.00 98.817000 4,940,850.00 -59,150.00 FNMA 5YrNc1YrB 12/18/2017 .750 8,752,000.00 8,752,000.00 98.768000 8,644,175.36 -107,824.64 FNMA 5YrNc1YrB 12/13/2017 .750 5,000,000.00 5,000,000.00 98.424000 4,921,200.00 -78,800.00 FNMA 3YrNc1YrB 12/24/2015 .450 5,000,000.00 5,000,000.00 99.882000 4,994,100.00 -5,900.00 FNMA 3YrNc1YrB 12/24/2015 .450 10,000,000.00 10,000,000.00 99.882000 9,988,200.00 -11,800.00 FNMA 3YrNc1YrB 12/24/2015 .450 10,000,000.00 9,998,000.00 99.882000 9,988,200.00 -9,800.00 FNMA 3YrNc1YrB 12/24/2015 .450 10,000,000.00 10,000,000.00 99.882000 9,988,200.00 -11,800.00 FNMA 5YrNc1YrB 12/26/2017 .750 10,000,000.00 10,000,000.00 98.003000 9,800,300.00 -199,700.00 FNMA 3YrNc1YrB 12/24/2015 .450 5,000,000.00 5,000,000.00 99.882000 4,994,100.00 -5,900.00 FNMA 3YrNc1YrB 12/24/2015 .450 5,000,000.00 5,000,000.00 99.882000 4,994,100.00 -5,900.00 FNMA 3YrNc1YrB 12/24/2015 .450 10,000,000.00 10,000,000.00 99.882000 9,988,200.00 -11,800.00 FNMA 3YrNc1YrB 12/24/2015 .450 10,000,000.00 10,000,000.00 99.882000 9,988,200.00 -11,800.00 FNMA 5YrNc1YrB 12/27/2017 .625 5,000,000.00 5,000,000.00 98.187000 4,909,350.00 -90,650.00 FNMA 5YrNc1YrB 12/13/2017 .800 5,000,000.00 5,000,000.00 98.817000 4,940,850.00 -59,150.00 FNMA 5YrNc1YrB 12/26/2017 .650 8,750,000.00 8,750,000.00 98.720000 8,638,000.00 -112,000.00 FNMA 3YrNc1YrB 12/30/2015 .450 10,000,000.00 10,000,000.00 99.964000 9,996,400.00 -3,600.00 FNMA 5YrNc1YrB 12/26/2017 .700 10,000,000.00 10,000,000.00 98.967000 9,896,700.00 -103,300.00 FNMA 3YrNc1YrB 12/24/2015 .450 10,000,000.00 10,000,000.00 99.882000 9,988,200.00 -11,800.00 FNMA 5YrNc1YrB 01/30/2018 .750 5,000,000.00 5,000,000.00 98.996000 4,949,800.00 -50,200.00 FNMA 5YrNc1YrB 01/30/2018 .700 5,000,000.00 5,000,000.00 98.268000 4,913,400.00 -86,600.00 FNMA 5YrNc6MoB 01/30/2018 .700 7,200,000.00 7,200,000.00 98.918000 7,122,096.00 -77,904.00 FNMA 3YrNc1YrB 01/29/2016 .480 5,000,000.00 4,999,000.00 99.851000 4,992,550.00 -6,450.00 FNMA 3YrNc6MoB 01/15/2016 .500 5,000,000.00 4,999,750.00 99.897000 4,994,850.00 -4,900.00 FNMA 5YrNc1YrB 01/29/2018 .800 10,000,000.00 10,000,000.00 98.809000 9,880,900.00 -119,100.00 FNMA 3YrNc1YrB 01/29/2016 .500 5,000,000.00 5,000,000.00 99.888000 4,994,400.00 -5,600.00 FNMA 5YrNc1YrB 01/30/2018 .700 10,000,000.00 10,000,000.00 98.144000 9,814,400.00 -185,600.00 FNMA 5YrNc1YrB 01/30/2018 .750 4,500,000.00 4,500,000.00 98.769000 4,444,605.00 -55,395.00 FNMA 5YrNc1YrB 01/30/2018 .700 10,000,000.00 10,000,000.00 98.920000 9,892,000.00 -108,000.00 FNMA 3YrNc6MoB 02/22/2016 .520 5,000,000.00 4,996,500.00 99.837000 4,991,850.00 -4,650.00 FNMA 3YrNc6MoB 02/22/2016 .520 5,000,000.00 4,995,000.00 99.837000 4,991,850.00 -3,150.00 FNMA 5YrNc1YrB 02/28/2018 .800 15,000,000.00 15,000,000.00 97.452000 14,617,800.00 -382,200.00 FNMA 5YrNc1YrB 02/28/2018 1.000 10,000,000.00 10,000,000.00 98.775000 9,877,500.00 -122,500.00 FNMA 5YrNc1YrB 02/28/2018 1.000 5,000,000.00 4,998,500.00 98.775000 4,938,750.00 -59,750.00 FNMA 5YrNc6MoB 02/28/2018 1.000 10,000,000.00 10,000,000.00 98.464000 9,846,400.00 -153,600.00 FNMA 5YrNc1YrB 02/20/2018 .800 5,000,000.00 4,993,750.00 98.986000 4,949,300.00 -44,450.00 FNMA 3YrNc1YrE 02/26/2016 .550 5,000,000.00 5,000,000.00 99.966000 4,998,300.00 -1,700.00 FNMA 5YrNc6MoB 02/28/2018 1.000 10,000,000.00 10,000,000.00 98.464000 9,846,400.00 -153,600.00 FNMA 3.5YrNc6MoB 08/26/2016 .700 10,000,000.00 10,000,000.00 99.785000 9,978,500.00 -21,500.00 3134G4J25 1.350 4.654 4.833 3134G4KJ6 1.250 4.738 4.910 3134G4KM9 1.350 4.725 4.910 3134G4KM9 1.350 4.725 4.910 3134G4L97 .530 2.386 2.405 3134G4KM9 1.360 4.725 4.910 3134G4LQ9 1.500 4.745 4.948 3134G4LG1 1.500 4.706 4.910 3134G4LG1 1.500 4.706 4.910 3134G4MB1 1.500 4.764 4.967 3134G4M88 1.375 4.780 4.967 3134G4PC6 1.375 4.777 4.964 3134G4PC6 1.422 4.776 4.964 3134G4QA9 1.500 4.789 4.992 3134G4Q68 .750 3.922 3.992 3134G4QQ4 1.500 4.789 4.992 3134G4RC4 1.150 4.834 4.992 .899 2.641 2.721 FNMA BONDS 31398A3R1 1.350 .218 .219 3136FP6X0 .317 2.082 2.096 31398A3K6 1.278 .199 .200 31398AVZ2 1.128 .196 .197 3136G0RP8 .875 3.494 3.570 3136G0PU9 .850 3.462 3.526 3136G0RT0 1.150 3.470 3.570 3136G0RW3 .750 3.502 3.567 3136G0RP8 .875 3.494 3.570 3136G0RP8 .875 3.494 3.570 3136G0TZ4 .750 3.557 3.625 3136G0VZ1 .750 3.563 3.622 3136G0UX7 .750 3.560 3.627 3136G0VA6 .763 3.562 3.622 3136G0YU9 .880 3.599 3.660 3136G0A27 .750 3.654 3.723 3136G0A27 .750 3.654 3.723 3136G0B59 .700 3.658 3.723 3136G0E64 .700 3.678 3.742 3136G0E64 .700 3.678 3.742 3136G0B59 .700 3.658 3.723 3136G0W49 .700 3.791 3.858 3135G0QB2 .489 1.796 1.808 3135G0RS4 .500 1.835 1.849 3135G0RY1 .480 1.888 1.901 3135G0RZ8 .550 2.383 2.403 3136G0Y21 .600 2.827 2.855 3136G03B5 .700 3.795 3.855 3136G12F5 .750 3.897 3.967 3135G0RS4 .500 1.835 1.849 3136G13S6 .800 3.879 3.953 3136G12F5 .750 3.897 3.967 3136G12D0 .750 3.890 3.953 3135G0ST1 .450 1.969 1.981 3135G0ST1 .450 1.969 1.981 3135G0ST1 .457 1.969 1.981 3135G0ST1 .450 1.969 1.981 3136G14Q9 .750 3.919 3.989 3135G0ST1 .450 1.969 1.981 3135G0ST1 .450 1.969 1.981 3135G0ST1 .450 1.969 1.981 3135G0ST1 .450 1.969 1.981 3136G16J3 .625 3.933 3.992 3136G13S6 .800 3.879 3.953 3136G17E3 .650 3.928 3.989 3136G17A1 .450 1.989 1.997 3136G1A66 .700 3.924 3.989 3135G0ST1 .450 1.969 1.981 3136G1B40 .750 3.999 4.085 3136G1B32 .700 4.004 4.085 3136G1AQ2 .700 4.004 4.085 3135G0TH6 .487 2.061 2.079 3135G0TS2 .502 2.021 2.041 3136G1C56 .800 3.991 4.082 3135G0TT0 .500 2.060 2.079 3136G1AJ8 .700 4.004 4.085 3136G1AY5 .750 3.999 4.085 3136G1BF5 .700 4.004 4.085 3135G0UB7 .544 2.123 2.145 3135G0UB7 .554 2.123 2.145 3136G1D97 .800 4.079 4.164 3136G1DA4 1.000 4.058 4.164 3136G1DA4 1.006 4.058 4.164 3136G1DB2 1.000 4.058 4.164 3136G1CW7 .826 4.048 4.142 3135G0US0 .550 2.133 2.156 3136G1DB2 1.000 4.058 4.164 3136G1EX3 .700 2.618 2.655 RIVERISIDE COUNTY TREASURER-TAX COLLECTOR 8 70 Description Maturity Date Coupon Par Value Book Value Market Price Market Value Unrealized Gain/Loss Month End Portfolio Holdings Maturity To Mat Modified Duration Years To MaturityCUSIP FNMA 5YrNc6MoB 03/06/2018 1.000 10,000,000.00 10,000,000.00 98.402000 9,840,200.00 -159,800.00 FNMA 5YrNc6MoB 03/19/2018 1.000 5,000,000.00 4,998,750.00 98.433000 4,921,650.00 -77,100.00 FNMA 5YrNc6MoB 03/19/2018 1.000 10,000,000.00 10,000,000.00 98.433000 9,843,300.00 -156,700.00 FNMA 5YrNc6MoB 03/19/2018 1.000 5,000,000.00 5,000,000.00 98.433000 4,921,650.00 -78,350.00 FNMA 5YrNc6MoB 03/27/2018 1.000 5,000,000.00 5,000,000.00 98.662000 4,933,100.00 -66,900.00 FNMA 5YrNc1YrB 03/27/2018 .800 5,000,000.00 5,000,000.00 98.481000 4,924,050.00 -75,950.00 FNMA 3.5YrNc6MoB 09/27/2016 .625 5,500,000.00 5,498,350.00 99.584000 5,477,120.00 -21,230.00 FNMA 3.5YrNc6MoB 09/27/2016 .625 5,000,000.00 5,000,000.00 99.584000 4,979,200.00 -20,800.00 FNMA 5YrNc6MoB 03/19/2018 1.000 10,000,000.00 10,000,000.00 98.433000 9,843,300.00 -156,700.00 FNMA 5YrNc1YrB 03/28/2018 .850 5,000,000.00 5,000,000.00 98.456000 4,922,800.00 -77,200.00 FNMA 5YrNc1YrB 03/28/2018 .800 5,000,000.00 5,000,000.00 98.310000 4,915,500.00 -84,500.00 FNMA 5YrNc6MoB 03/20/2018 .750 5,000,000.00 4,996,250.00 98.800000 4,940,000.00 -56,250.00 FNMA 5YrNc1YrB 03/28/2018 .800 5,000,000.00 5,000,000.00 98.762000 4,938,100.00 -61,900.00 FNMA 3YrNc6MoB 09/26/2016 .650 5,000,000.00 5,000,000.00 99.744000 4,987,200.00 -12,800.00 FNMA 3.5YrNc6MoB 10/25/2016 .700 5,000,000.00 5,000,000.00 99.535000 4,976,750.00 -23,250.00 FNMA 3.5YrNc6MoB 10/25/2016 .700 5,000,000.00 5,000,000.00 99.535000 4,976,750.00 -23,250.00 FNMA 3.5YrNc6MoB 10/25/2016 .700 5,000,000.00 5,000,000.00 99.535000 4,976,750.00 -23,250.00 FNMA 3.5YrNc6MoB 10/25/2016 .700 10,000,000.00 10,000,000.00 99.535000 9,953,500.00 -46,500.00 FNMA 3.5YrNc6MoB 10/25/2016 .700 5,000,000.00 5,000,000.00 99.535000 4,976,750.00 -23,250.00 FNMA 3.5YrNc6MoB 10/25/2016 .700 10,000,000.00 10,000,000.00 99.535000 9,953,500.00 -46,500.00 FNMA 3.5YrNc6MoB 10/25/2016 .700 10,000,000.00 10,000,000.00 99.535000 9,953,500.00 -46,500.00 FNMA 5YrNc6MoC 04/24/2018 .800 10,000,000.00 10,000,000.00 98.022000 9,802,200.00 -197,800.00 FNMA 3YrNc6MoB 04/18/2016 .570 5,000,000.00 5,000,000.00 99.809000 4,990,450.00 -9,550.00 FNMA 3YrNc6MoB 04/18/2016 .570 5,000,000.00 4,999,500.00 99.809000 4,990,450.00 -9,050.00 FNMA 3.5YrNc6MoB 10/25/2016 .700 5,000,000.00 5,000,000.00 99.535000 4,976,750.00 -23,250.00 FNMA 5YrNc6MoC 04/16/2018 .750 10,000,000.00 10,000,000.00 97.914000 9,791,400.00 -208,600.00 FNMA 5YrNc6MoB 04/30/2018 .750 10,000,000.00 10,000,000.00 98.357000 9,835,700.00 -164,300.00 FNMA 3.5YrNc6MoB 10/25/2016 .625 5,000,000.00 5,000,000.00 99.471000 4,973,550.00 -26,450.00 FNMA 3.5YrNc6MoB 10/25/2016 .625 10,000,000.00 10,000,000.00 99.471000 9,947,100.00 -52,900.00 FNMA 3.5YrNc6MoB 10/25/2016 .625 10,000,000.00 10,000,000.00 99.471000 9,947,100.00 -52,900.00 FNMA 5YrNc1YrB 04/16/2018 .750 5,000,000.00 5,000,000.00 97.914000 4,895,700.00 -104,300.00 FNMA 3.5YrNc6MoB 10/25/2016 .625 20,000,000.00 20,000,000.00 99.471000 19,894,200.00 -105,800.00 FNMA 3.5YrNc6MoB 11/15/2016 .600 10,000,000.00 10,000,000.00 99.334000 9,933,400.00 -66,600.00 FNMA 5YrNc6MoB 04/18/2018 .875 5,610,000.00 5,610,000.00 98.012000 5,498,473.20 -111,526.80 FNMA 3.5YrNc1YrB 11/15/2016 .600 10,000,000.00 10,000,000.00 99.334000 9,933,400.00 -66,600.00 FNMA 3YrNc6MoB 05/20/2016 .520 10,000,000.00 10,000,000.00 99.621000 9,962,100.00 -37,900.00 FNMA 5YrNc6MoB 05/08/2018 .800 5,000,000.00 5,000,000.00 98.461000 4,923,050.00 -76,950.00 FNMA 3.5YrNc6MoB 12/27/2016 .680 12,000,000.00 12,006,600.00 99.349000 11,921,880.00 -84,720.00 FNMA 3.5YrNc1YrE 11/15/2016 .600 5,000,000.00 5,000,000.00 99.334000 4,966,700.00 -33,300.00 FNMA 3.5YrNc1YrE 11/15/2016 .600 5,000,000.00 5,000,000.00 99.334000 4,966,700.00 -33,300.00 FNMA 3.5YrNc1YrE 11/15/2016 .600 5,000,000.00 5,000,000.00 99.334000 4,966,700.00 -33,300.00 FNMA 3.5YrNc1YrE 11/15/2016 .600 10,000,000.00 10,000,000.00 99.334000 9,933,400.00 -66,600.00 FNMA 3.5YrNc1YrE 11/15/2016 .600 5,000,000.00 5,000,000.00 99.334000 4,966,700.00 -33,300.00 FNMA 5YrNc6MoB 04/30/2018 .750 5,000,000.00 5,000,000.00 98.357000 4,917,850.00 -82,150.00 FNMA 5YrNc6MoB 05/08/2018 .800 21,750,000.00 21,750,000.00 98.461000 21,415,267.50 -334,732.50 FNMA 3.5YrNc1YrB 11/28/2016 .500 10,000,000.00 9,996,000.00 99.175000 9,917,500.00 -78,500.00 FNMA 3.5YrNc1YrB 11/15/2016 .600 3,635,000.00 3,635,000.00 99.334000 3,610,790.90 -24,209.10 FNMA 3.5YrNc1YrB 11/15/2016 .600 10,000,000.00 9,998,500.00 99.334000 9,933,400.00 -65,100.00 FNMA 3.5YrNc1YrB 11/15/2016 .600 10,000,000.00 10,000,000.00 99.334000 9,933,400.00 -66,600.00 FNMA 3.5YrNc1YrB 11/28/2016 .500 752,000.00 739,216.00 99.175000 745,796.00 6,580.00 FNMA 3YrNc6MoB 07/29/2016 1.000 10,000,000.00 10,000,000.00 100.054000 10,005,400.00 5,400.00 FNMA 3YrNc6MoB 09/06/2016 1.000 3,775,000.00 3,775,000.00 100.093000 3,778,510.75 3,510.75 FNMA 3.25YrNc6MoB 11/28/2016 1.000 1,225,000.00 1,223,162.50 100.118000 1,226,445.50 3,283.00 FNMA 4YrNc6MoB 11/27/2017 1.000 6,250,000.00 6,242,375.00 98.913000 6,182,062.50 -60,312.50 FNMA 5YrNc6MoB 06/12/2018 .800 10,000,000.00 9,911,500.00 98.265000 9,826,500.00 -85,000.00 .730 899,929,000.00 900,229,766.00 99.167060 892,433,128.71 -7,796,637.29 FHLB DISC NOTE 06/17/2014 .180 27,000,000.00 26,951,805.00 99.962889 26,989,980.00 38,175.00 FHLB DISC NOTE 05/30/2014 .170 70,000,000.00 69,923,311.11 99.971028 69,979,719.44 56,408.33 FHLB DISC NOTE 02/21/2014 .090 10,000,000.00 9,997,850.00 99.997167 9,999,716.67 1,866.67 FHLB DISC NOTE 03/05/2014 .090 10,000,000.00 9,997,725.00 99.993000 9,999,300.00 1,575.00 FHLB DISC NOTE 03/17/2014 .090 10,000,000.00 9,997,425.00 99.991667 9,999,166.67 1,741.67 FHLB DISC NOTE 04/02/2014 .080 15,000,000.00 14,996,200.00 99.987361 14,998,104.17 1,904.17 FHLB DISC NOTE 03/12/2014 .095 50,000,000.00 49,987,993.06 99.992222 49,996,111.11 8,118.05 FHLB DISC NOTE 03/12/2014 .090 25,000,000.00 24,994,312.50 99.992222 24,998,055.56 3,743.06 FHLB DISC NOTE 04/09/2014 .090 25,000,000.00 24,992,562.50 99.986389 24,996,597.22 4,034.72 FHLB DISC NOTE 03/12/2014 .090 10,000,000.00 9,997,750.00 99.992222 9,999,222.22 1,472.22 FHLB DISC NOTE 03/19/2014 .105 20,000,000.00 19,994,691.67 99.991444 19,998,288.89 3,597.22 FHLB DISC NOTE 03/19/2014 .100 10,000,000.00 9,997,500.00 99.991444 9,999,144.44 1,644.44 FHLB DISC NOTE 03/19/2014 .100 10,000,000.00 9,997,500.00 99.991444 9,999,144.44 1,644.44 .120 292,000,000.00 291,826,625.84 99.983750 291,952,550.83 125,924.99 FHLB 4Yr 02/04/2015 .182 15,000,000.00 15,000,000.00 99.992000 14,998,800.00 -1,200.00 FHLB 3Yr 03/14/2014 2.375 5,000,000.00 5,140,200.00 100.449000 5,022,450.00 -117,750.00 FHLB 3Yr 05/27/2014 1.500 5,000,000.00 5,000,000.00 100.551000 5,027,550.00 27,550.00 FHLB 3Yr 07/07/2014 .910 10,000,000.00 10,000,000.00 100.390000 10,039,000.00 39,000.00 FHLB 2Yr 01/29/2014 .375 5,000,000.00 5,000,000.00 100.018000 5,000,900.00 900.00 FHLB 3Yr 05/22/2015 .500 5,000,000.00 5,000,000.00 100.268000 5,013,400.00 13,400.00 FHLB 2YrNc 02/13/2014 .300 5,000,000.00 4,992,300.00 100.019000 5,000,950.00 8,650.00 FHLB 2.25Yr 05/30/2014 .375 5,000,000.00 4,990,014.15 100.101000 5,005,050.00 15,035.85 FHLB 3Yr 05/04/2015 .700 15,000,000.00 15,000,000.00 100.545000 15,081,750.00 81,750.00 FHLB 3YrNc2YrE 04/30/2015 .650 5,000,000.00 5,000,000.00 100.156000 5,007,800.00 7,800.00 FHLB 2Yr 04/30/2014 .340 5,000,000.00 5,000,000.00 100.069000 5,003,450.00 3,450.00 FHLB 2Yr 05/19/2014 .350 5,000,000.00 5,000,000.00 100.084000 5,004,200.00 4,200.00 FHLB 2Yr 05/19/2014 .350 5,000,000.00 5,000,000.00 100.084000 5,004,200.00 4,200.00 FHLB 5YrNc3MoB 10/10/2017 .625 10,000,000.00 10,000,000.00 98.948000 9,894,800.00 -105,200.00 FHLB 3Yr 01/16/2015 .250 5,000,000.00 4,994,000.00 100.080000 5,004,000.00 10,000.00 FHLB 1Yr 01/23/2014 .270 1,000,000.00 1,000,410.00 100.008000 1,000,080.00 -330.00 3136G1ET2 1.000 4.072 4.181 3136G1FW4 1.005 4.107 4.216 3136G1FW4 1.000 4.108 4.216 3136G1FW4 1.000 4.108 4.216 3136G1GS2 1.000 4.173 4.238 3136G1GN3 .800 4.151 4.238 3136G1GR4 .634 2.707 2.742 3136G1GR4 .625 2.707 2.742 3136G1FW4 1.000 4.108 4.216 3136G1HC6 .850 4.149 4.241 3136G1HB8 .800 4.154 4.241 3136G1HE2 .765 4.137 4.219 3136G1HP7 .800 4.154 4.241 3135G0VQ3 .650 2.703 2.740 3135G0WE9 .700 2.781 2.819 3135G0WE9 .700 2.781 2.819 3135G0WE9 .700 2.781 2.819 3135G0WE9 .700 2.781 2.819 3135G0WE9 .700 2.781 2.819 3135G0WE9 .700 2.781 2.819 3135G0WE9 .700 2.781 2.819 3136G1JY6 .800 4.226 4.315 3135G0WC3 .570 2.277 2.299 3135G0WC3 .573 2.277 2.299 3135G0WE9 .700 2.781 2.819 3136G1KB4 .750 4.209 4.293 3136G1KJ7 .750 4.251 4.332 3135G0WL3 .625 2.785 2.819 3135G0WL3 .625 2.785 2.819 3135G0WL3 .625 2.785 2.819 3136G1KB4 .750 4.209 4.293 3135G0WL3 .625 2.785 2.819 3135G0WS8 .600 2.841 2.877 3136G1JW0 .875 4.212 4.299 3135G0WS8 .600 2.841 2.877 3135G0WW9 .520 2.367 2.386 3136G1KW8 .800 4.269 4.353 3136G14F3 .665 2.954 2.992 3135G0WS8 .600 2.841 2.877 3135G0WS8 .600 2.841 2.877 3135G0WS8 .600 2.841 2.877 3135G0WS8 .600 2.841 2.877 3135G0WS8 .600 2.841 2.877 3136G1KJ7 .750 4.251 4.332 3136G1KW8 .800 4.265 4.353 3136G1LT4 .512 2.882 2.912 3135G0WS8 .600 2.841 2.877 3135G0WS8 .604 2.841 2.877 3135G0WS8 .600 2.841 2.877 3136G1LT4 1.009 2.875 2.912 3136G1QU6 1.000 2.528 2.578 3135G0YJ6 1.000 2.630 2.685 3136G1S59 1.047 2.856 2.912 3136G07B1 1.031 3.847 3.910 3136G1MU0 1.000 4.354 4.449 .716 3.163 3.217 FHLB DISC NOTES 313385YE0 .180 .459 .460 313385XL5 .170 .410 .411 313385TJ5 .090 .142 .142 313385TW6 .090 .175 .175 313385UJ3 .090 .208 .208 313385VA1 .080 .252 .252 313385UD6 .095 .194 .195 313385UD6 .090 .194 .195 313385VH6 .090 .271 .271 313385UD6 .090 .194 .195 313385UL8 .105 .213 .214 313385UL8 .100 .213 .214 313385UL8 .100 .213 .214 .120 .280 .281 FHLB BONDS 313372KE3 .182 1.090 1.096 3133XWKV0 1.404 .198 .200 313373CZ3 1.500 .399 .403 313374FU9 .910 .512 .515 313376UF0 .375 .079 .079 313378AC5 .500 1.384 1.389 3133783D1 .379 .120 .121 313378FY2 .468 .410 .411 313378U58 .700 1.332 1.340 313378XS5 .650 1.324 1.329 313379AK5 .340 .328 .329 313379FL8 .350 .380 .381 313379FL8 .350 .380 .381 313380UF2 .625 3.720 3.778 313381H24 .307 1.038 1.044 3133805T0 .233 .063 .063 RIVERISIDE COUNTY TREASURER-TAX COLLECTOR 9 71 Description Maturity Date Coupon Par Value Book Value Market Price Market Value Unrealized Gain/Loss Month End Portfolio Holdings Maturity To Mat Modified Duration Years To MaturityCUSIP FHLB 3YrNc6MoB 01/29/2016 .500 5,000,000.00 5,000,000.00 99.907000 4,995,350.00 -4,650.00 FHLB 2Yr 02/20/2015 .250 5,000,000.00 4,995,550.00 100.021000 5,001,050.00 5,500.00 FHLB 3.5YrNc6MoB 07/29/2016 .575 5,000,000.00 4,989,500.00 99.737000 4,986,850.00 -2,650.00 FHLB 1Yr 02/07/2014 .125 15,000,000.00 14,992,155.00 100.004000 15,000,600.00 8,445.00 FHLB 5YrNc3MoB 02/13/2018 .500 7,350,000.00 7,350,000.00 99.112000 7,284,732.00 -65,268.00 FHLB 1Yr 02/25/2014 .125 5,000,000.00 4,996,625.00 99.999000 4,999,950.00 3,325.00 FHLB 1Yr 03/06/2014 .180 5,000,000.00 4,999,600.00 100.009000 5,000,450.00 850.00 FHLB 1Yr 03/05/2014 .180 10,000,000.00 9,998,750.00 100.009000 10,000,900.00 2,150.00 FHLB 1Yr 02/25/2014 .125 25,000,000.00 24,987,000.00 99.999000 24,999,750.00 12,750.00 FHLB 5YrNc6MoB 04/25/2018 .800 10,000,000.00 10,000,000.00 98.677000 9,867,700.00 -132,300.00 FHLB 5YrNc3MoB 04/25/2018 .850 8,350,000.00 8,350,000.00 98.349000 8,212,141.50 -137,858.50 FHLB 13Mo 05/16/2014 .205 25,000,000.00 25,000,000.00 100.028000 25,007,000.00 7,000.00 FHLB 3.5YrNc3MoB 10/11/2016 .625 9,400,000.00 9,400,000.00 99.637000 9,365,878.00 -34,122.00 FHLB 3.5YrNc3MoB 10/24/2016 .550 10,000,000.00 10,000,000.00 99.409000 9,940,900.00 -59,100.00 FHLB 4YrNc3MoA 10/11/2016 .700 4,285,714.00 4,285,714.00 99.642000 4,270,371.14 -15,342.86 FHLB 5YrNc6MoB 05/21/2018 .750 12,000,000.00 12,000,000.00 97.671000 11,720,520.00 -279,480.00 FHLB 5YrNC3MoB 05/23/2018 .750 10,000,000.00 10,000,000.00 97.584000 9,758,400.00 -241,600.00 FHLB 5YrNc6MoB 05/25/2018 .750 10,000,000.00 10,000,000.00 97.807000 9,780,700.00 -219,300.00 FHLB 5YrNc6MoB 05/29/2018 .750 5,000,000.00 5,000,000.00 98.067000 4,903,350.00 -96,650.00 FHLB 5YrNc1YrB 06/12/2018 .800 10,000,000.00 10,000,000.00 97.871000 9,787,100.00 -212,900.00 FHLB 5YrNc1YrB 06/12/2018 .800 10,000,000.00 10,000,000.00 97.871000 9,787,100.00 -212,900.00 FHLB 5YrNc3MoB 06/19/2018 .875 5,000,000.00 5,000,000.00 97.591000 4,879,550.00 -120,450.00 FHLB 5YrNc3MoB 06/19/2018 .875 5,000,000.00 5,000,000.00 97.591000 4,879,550.00 -120,450.00 FHLB 5YrNc3MoB 06/19/2018 .875 5,000,000.00 5,000,000.00 97.591000 4,879,550.00 -120,450.00 FHLB 5YrNc3MoB 06/19/2018 .875 10,000,000.00 10,000,000.00 97.591000 9,759,100.00 -240,900.00 FHLB 5YrNc6MoB 06/20/2018 .900 5,000,000.00 4,998,000.00 98.004000 4,900,200.00 -97,800.00 FHLB 5YrNc3MoB 06/20/2018 1.000 13,000,000.00 13,000,000.00 97.747000 12,707,110.00 -292,890.00 FHLB 5YrNc3MoB 06/20/2018 1.250 10,000,000.00 10,000,000.00 97.655000 9,765,500.00 -234,500.00 FHLB 3.5YrNc1MoB 12/19/2016 .750 5,000,000.00 5,000,000.00 99.529000 4,976,450.00 -23,550.00 FHLB 3.5YrNc1MoB 12/19/2016 .750 10,000,000.00 10,000,000.00 99.529000 9,952,900.00 -47,100.00 FHLB 3.5YrNc1YrB 12/27/2016 .700 10,000,000.00 10,000,000.00 99.692000 9,969,200.00 -30,800.00 FHLB 1Yr 05/20/2014 .125 25,000,000.00 24,989,950.00 99.998000 24,999,500.00 9,550.00 FHLB 5YrNc3MoB 06/27/2018 1.250 5,000,000.00 5,000,000.00 98.676000 4,933,800.00 -66,200.00 FHLB 5YrNc3MoB 06/27/2018 1.250 5,000,000.00 5,000,000.00 98.676000 4,933,800.00 -66,200.00 FHLB 1Yr 06/30/2014 .160 25,000,000.00 24,996,750.00 100.005000 25,001,250.00 4,500.00 FHLB 5YrNc3MoB 06/27/2018 1.250 5,000,000.00 5,000,000.00 98.676000 4,933,800.00 -66,200.00 FHLB 1Yr 06/20/2014 .125 25,000,000.00 24,987,775.00 99.992000 24,998,000.00 10,225.00 FHLB 1Yr 06/26/2014 .190 50,000,000.00 49,992,500.00 100.021000 50,010,500.00 18,000.00 FHLB 11Mo 05/01/2014 .150 25,000,000.00 24,993,150.00 100.007000 25,001,750.00 8,600.00 FHLB 1Yr 06/19/2014 .200 10,000,000.00 9,998,700.00 100.027000 10,002,700.00 4,000.00 FHLB 1Yr 07/10/2014 .190 25,000,000.00 24,996,925.00 100.021000 25,005,250.00 8,325.00 FHLB 1Yr 07/17/2014 .190 26,700,000.00 26,699,332.50 100.022000 26,705,874.00 6,541.50 FHLB 1Yr 07/25/2014 .190 25,000,000.00 25,003,150.00 100.022000 25,005,500.00 2,350.00 FHLB 1YrNc6MoE 08/22/2014 .200 25,000,000.00 25,000,000.00 100.004000 25,001,000.00 1,000.00 FHLB 1YrNc6MoE 07/29/2014 .200 10,000,000.00 10,000,000.00 100.005000 10,000,500.00 500.00 FHLB 1YrNC6MoE 08/29/2014 .200 25,000,000.00 25,000,000.00 100.007000 25,001,750.00 1,750.00 FHLB 1Yr 08/12/2014 .170 15,000,000.00 14,998,892.55 100.010000 15,001,500.00 2,607.45 FHLB 1Yr 08/20/2014 .170 10,000,000.00 10,000,000.00 100.009000 10,000,900.00 900.00 FHLB 1YrNc6MoB 09/15/2014 .200 10,000,000.00 10,000,000.00 100.009000 10,000,900.00 900.00 FHLB 1Yr 08/22/2014 .125 25,000,000.00 24,985,700.00 99.980000 24,995,000.00 9,300.00 FHLB 1.5Yr 09/22/2014 .220 15,000,000.00 15,005,250.00 100.038000 15,005,700.00 450.00 FHLB 1Yr 09/03/2014 .125 15,000,000.00 14,990,640.00 99.976000 14,996,400.00 5,760.00 FHLB 1YrNc6MoE 09/24/2014 .220 25,000,000.00 25,000,000.00 100.001000 25,000,250.00 250.00 FHLB 1YrNc6MoE 10/30/2014 .250 50,000,000.00 50,000,000.00 100.021000 50,010,500.00 10,500.00 FHLB 1YrNc6MoE 10/30/2014 .250 25,000,000.00 25,000,000.00 100.021000 25,005,250.00 5,250.00 FHLB 1Yr 11/18/2014 .125 25,000,000.00 24,988,764.33 99.996000 24,999,000.00 10,235.67 FHLB 1YrNc6MoE 01/02/2015 .200 25,000,000.00 25,000,000.00 100.007000 25,001,750.00 1,750.00 FHLB 1Yr 02/20/2015 .250 25,000,000.00 25,018,500.00 100.021000 25,005,250.00 -13,250.00 FHLB 1.25Yr 02/18/2015 .210 25,000,000.00 25,000,000.00 99.977000 24,994,250.00 -5,750.00 FHLB 1.25Yr 02/18/2015 .210 25,000,000.00 24,998,500.00 99.977000 24,994,250.00 -4,250.00 FHLB 5YrNc3MoB 12/27/2018 1.500 5,550,000.00 5,550,000.00 99.836000 5,540,898.00 -9,102.00 .367 1,022,635,714.00 1,022,654,297.53 99.696797 1,019,535,054.64 -3,119,242.89 FFCB 5Yr 04/20/2016 .238 10,000,000.00 9,995,000.00 100.098000 10,009,800.00 14,800.00 FFCB 2Yr 01/03/2014 .400 6,000,000.00 5,997,600.00 100.001000 6,000,060.00 2,460.00 FFCB 3Yr 03/16/2015 .520 5,000,000.00 4,988,430.00 100.318000 5,015,900.00 27,470.00 FFCB 3Yr 05/01/2015 .500 5,000,000.00 4,997,000.00 100.271000 5,013,550.00 16,550.00 FFCB 3YrNc3MoA 09/28/2015 .450 5,000,000.00 4,995,000.00 100.003000 5,000,150.00 5,150.00 FFCB 1Yr 02/26/2014 .200 4,995,000.00 4,994,500.50 100.010000 4,995,499.50 999.00 FFCB 2.5Yr 07/24/2015 .206 15,000,000.00 14,996,061.75 100.076000 15,011,400.00 15,338.25 FFCB 2Yr 12/24/2014 .250 25,000,000.00 24,971,750.00 100.061000 25,015,250.00 43,500.00 FFCB 2Yr 12/24/2014 .250 10,000,000.00 9,990,170.00 100.061000 10,006,100.00 15,930.00 FFCB 2Yr 01/07/2015 .250 10,000,000.00 9,988,850.00 100.055000 10,005,500.00 16,650.00 FFCB 1.25Yr 05/13/2014 .200 25,000,000.00 25,000,000.00 100.025000 25,006,250.00 6,250.00 FFCB 1.25Yr 05/13/2014 .200 25,000,000.00 25,000,000.00 100.025000 25,006,250.00 6,250.00 FFCB 1.25Yr 05/13/2014 .200 25,000,000.00 25,000,000.00 100.025000 25,006,250.00 6,250.00 FFCB 1.25Yr 05/13/2014 .200 25,000,000.00 25,000,000.00 100.025000 25,006,250.00 6,250.00 FFCB 1.25Yr 05/13/2014 .200 25,000,000.00 25,000,000.00 100.025000 25,006,250.00 6,250.00 FFCB 2Yr 01/07/2015 .250 15,000,000.00 14,991,750.00 100.055000 15,008,250.00 16,500.00 FFCB 3YrNc1YrC 04/11/2016 .430 5,000,000.00 4,994,250.00 99.729000 4,986,450.00 -7,800.00 FFCB 1.25 Yr 08/08/2014 .170 10,000,000.00 10,000,000.00 100.011000 10,001,100.00 1,100.00 FFCB 1.25Yr 08/08/2014 .170 15,000,000.00 14,995,907.55 100.011000 15,001,650.00 5,742.45 FFCB 1Yr 06/24/2014 .150 25,000,000.00 24,994,500.00 100.002000 25,000,500.00 6,000.00 FFCB 1.25Yr 05/13/2014 .200 5,350,000.00 5,350,358.45 100.025000 5,351,337.50 979.05 FFCB 1Yr 08/25/2014 .180 25,000,000.00 25,000,000.00 100.014000 25,003,500.00 3,500.00 FFCB 2Yr 09/11/2014 .250 3,800,000.00 3,803,114.97 100.060000 3,802,280.00 -834.97 FFCB 1.25Yr 02/13/2015 .190 25,000,000.00 24,995,300.00 99.957000 24,989,250.00 -6,050.00 313381SV8 .500 2.060 2.079 313381YP4 .293 1.133 1.140 313381VK8 .636 2.548 2.578 3133823V3 .177 .104 .104 313381XU4 .500 4.069 4.123 313382DF7 .194 .153 .153 313382EC3 .188 .178 .178 313382EG4 .193 .175 .175 313382DF7 .179 .153 .153 313382PH0 .800 4.229 4.318 313382PP2 .850 4.223 4.318 313382NP4 .205 .372 .373 313382LE1 .625 2.746 2.781 313382SL8 .550 2.786 2.816 313380S57 .700 2.742 2.781 313382Y31 .750 4.306 4.389 3133833M1 .750 4.312 4.395 3133833J8 .750 4.317 4.400 3133834M0 .750 4.328 4.411 3133836N6 .800 4.359 4.449 3133836N6 .800 4.359 4.449 313383CP4 .875 4.370 4.468 313383CP4 .875 4.370 4.468 313383CP4 .875 4.370 4.468 313383CP4 .875 4.370 4.468 313383EM9 .908 4.370 4.471 313383EN7 1.000 4.359 4.471 313383EP2 1.250 4.332 4.471 313383G62 .750 2.928 2.970 313383G62 .750 2.928 2.970 313383HH7 .700 2.953 2.992 313383BX8 .167 .383 .384 313383KJ9 1.250 4.351 4.490 313383KJ9 1.250 4.351 4.490 313383KP5 .172 .495 .496 313383KJ9 1.250 4.351 4.490 313383MM0 .175 .468 .468 313383NV9 .205 .484 .485 313383NR8 .182 .331 .332 313383P88 .213 .465 .466 313383PZ8 .202 .524 .523 313383PY1 .193 .543 .542 313383Q79 .177 .566 .564 313383TA9 .200 .641 .641 313383TT8 .200 .577 .575 313383UB5 .200 .666 .660 313383UE9 .177 .613 .614 313383W64 .170 .635 .636 313383WR8 .200 .704 .707 313383X22 .182 .641 .641 313382LT8 .188 .724 .726 313383XP1 .187 .671 .674 313383YC9 .220 .729 .732 3130A0A91 .250 .832 .830 3130A0A91 .250 .832 .830 3130A0C81 .170 .879 .882 3130A0E63 .200 1.000 1.005 313381YP4 .189 1.133 1.140 3130A0FX3 .210 1.128 1.134 3130A0FX3 .215 1.128 1.134 3130A0H78 1.500 4.789 4.992 .371 1.354 1.373 FFCB BONDS 31331KHV5 .259 2.295 2.304 31331K5K2 .420 .008 .008 3133EAHP6 .598 1.201 1.205 3133EANJ3 .520 1.326 1.332 3133EA2K3 .484 1.731 1.742 3133EC4P6 .208 .156 .156 3133ECBA1 .222 1.561 1.562 3133ECAV6 .307 .978 .981 3133ECAV6 .300 .978 .981 3133ECCE2 .306 1.013 1.019 3133ECFD1 .200 .364 .364 3133ECFD1 .200 .364 .364 3133ECFD1 .200 .364 .364 3133ECFD1 .200 .364 .364 3133ECFD1 .200 .364 .364 3133ECCE2 .281 1.013 1.019 3133ECKZ6 .469 2.262 2.279 3133ECNW0 .170 .602 .603 3133ECNW0 .193 .602 .603 3133ECSV7 .172 .479 .479 3133ECFD1 .192 .364 .364 3133ECVH4 .180 .649 .649 3133EAT81 .162 .693 .696 3133ED7H9 .205 1.114 1.121 RIVERISIDE COUNTY TREASURER-TAX COLLECTOR 10 72 Description Maturity Date Coupon Par Value Book Value Market Price Market Value Unrealized Gain/Loss Month End Portfolio Holdings Maturity To Mat Modified Duration Years To MaturityCUSIP FFCB 1.25Yr 02/13/2015 .190 25,000,000.00 24,996,000.00 99.957000 24,989,250.00 -6,750.00 FFCB 1.75Yr 08/25/2015 .280 15,000,000.00 15,000,000.00 99.856000 14,978,400.00 -21,600.00 FFCB 1.25Yr 02/13/2015 .190 25,000,000.00 24,996,075.00 99.957000 24,989,250.00 -6,825.00 FFCB 3YrNC1YrA 12/09/2016 .680 5,000,000.00 4,992,500.00 99.482000 4,974,100.00 -18,400.00 .225 420,145,000.00 420,024,118.22 100.008277 420,179,777.00 155,658.78 FAMCA DISC NOTE 05/15/2014 .180 25,000,000.00 24,959,750.00 99.974000 24,993,500.00 33,750.00 FAMCA DISC NOTE 05/01/2014 .120 40,000,000.00 39,968,266.67 99.977000 39,990,800.00 22,533.33 FAMCA DISC NOTE 06/10/2014 .120 10,000,000.00 9,990,966.67 99.965000 9,996,500.00 5,533.33 FAMCA DISC NOTE 06/03/2014 .110 15,000,000.00 14,990,421.00 99.966000 14,994,900.00 4,479.00 .135 90,000,000.00 89,909,404.34 99.973000 89,975,700.00 66,295.66 FAMCA 3Yr 07/02/2015 .550 10,000,000.00 9,989,000.00 100.149000 10,014,900.00 25,900.00 FAMCA 3YrNc1YrB 09/25/2015 .470 5,000,000.00 4,996,250.00 100.063000 5,003,150.00 6,900.00 FAMCA 3YrNc1YrB 09/25/2015 .470 2,568,000.00 2,566,716.00 100.063000 2,569,617.84 2,901.84 FAMCA 1.25 Yr 02/19/2014 .250 5,000,000.00 4,999,050.00 100.016000 5,000,800.00 1,750.00 FAMCA 2Yr 01/23/2015 .320 5,000,000.00 5,000,000.00 100.116000 5,005,800.00 5,800.00 FAMCA 1Yr 01/25/2014 .190 25,000,000.00 25,000,000.00 100.004000 25,001,000.00 1,000.00 FAMCA 15Mo 04/25/2014 .220 10,000,000.00 10,000,000.00 100.028000 10,002,800.00 2,800.00 FAMCA 1Yr 01/24/2014 .200 10,000,000.00 10,000,000.00 100.004000 10,000,400.00 400.00 FAMCA 3Yr 01/28/2016 .425 5,000,000.00 5,000,000.00 99.982000 4,999,100.00 -900.00 FAMCA 5YrNc6MoB 04/03/2018 .750 10,000,000.00 10,000,000.00 98.968000 9,896,800.00 -103,200.00 FAMCA 1.25Yr 06/10/2014 .220 25,000,000.00 25,000,000.00 100.037000 25,009,250.00 9,250.00 FAMCA 1.25Yr 06/10/2014 .220 20,000,000.00 20,000,000.00 100.037000 20,007,400.00 7,400.00 FAMCA 15Mo 08/11/2014 .200 25,000,000.00 24,995,975.00 100.028000 25,007,000.00 11,025.00 FAMCA 1Yr 11/03/2014 .230 30,000,000.00 30,000,000.00 100.042000 30,012,600.00 12,600.00 FAMCA 1Yr 10/10/2014 .200 25,000,000.00 25,000,000.00 100.021000 25,005,250.00 5,250.00 FAMCA 2Yr 01/06/2015 .185 50,000,000.00 49,997,294.50 99.990000 49,995,000.00 -2,294.50 .253 262,568,000.00 262,544,285.50 99.985858 262,530,867.84 -13,417.66 OHIO STATE GO 05/01/2014 1.190 2,000,000.00 2,000,000.00 100.000000 2,000,000.00 0.00 CONNECTICUT ST 04/15/2014 .448 2,000,000.00 2,000,000.00 100.000000 2,000,000.00 0.00 CONNECTICUT ST 04/15/2015 .672 2,000,000.00 2,000,000.00 100.000000 2,000,000.00 0.00 TEXAS ST GO 04/01/2014 .300 18,105,000.00 18,105,000.00 100.000000 18,105,000.00 0.00 LOUISIANA STATE 05/15/2016 .540 12,070,000.00 12,070,000.00 100.000000 12,070,000.00 0.00 OHIO STATE 11/01/2014 .280 9,355,000.00 9,355,000.00 100.000000 9,355,000.00 0.00 OHIO STATE 11/01/2015 .630 9,390,000.00 9,390,000.00 100.000000 9,390,000.00 0.00 COUNTY OF RIVERSIDE 10/15/2014 .370 1,635,000.00 1,635,000.00 100.000000 1,635,000.00 0.00 TEXAS STATE 08/01/2015 .390 1,830,000.00 1,830,000.00 100.000000 1,830,000.00 0.00 TEXAS STATE 08/01/2015 .390 1,270,000.00 1,270,000.00 100.000000 1,270,000.00 0.00 TEXAS STATE 08/01/2016 .800 1,500,000.00 1,500,000.00 100.000000 1,500,000.00 0.00 STATE OF NEW 04/01/2015 2.000 2,275,000.00 2,321,432.75 102.041000 2,321,432.75 0.00 .515 63,430,000.00 63,476,432.75 100.073203 63,476,432.75 0.00 COCA-COLA CO 01/09/2014 .110 50,000,000.00 49,982,888.89 99.997111 49,998,555.56 15,666.67 COCA COLA CO 01/24/2014 .120 25,000,000.00 24,990,000.00 99.991694 24,997,923.61 7,923.61 TOYOTA MOTOR CORP 01/24/2014 .150 25,000,000.00 24,987,500.00 99.991694 24,997,923.61 10,423.61 TOYOTA MOTOR CORP 02/06/2014 .170 50,000,000.00 49,971,666.67 99.987000 49,993,500.00 21,833.33 TOYOTA MOTOR CORP 01/09/2014 .200 50,000,000.00 49,974,722.22 99.997111 49,998,555.56 23,833.34 COCA-COLA CO 01/16/2014 .160 25,000,000.00 24,989,777.78 99.994583 24,998,645.83 8,868.05 COCA-COLA CO 02/18/2014 .100 10,000,000.00 9,996,750.00 99.982667 9,998,266.67 1,516.67 EXXON MOBIL 01/27/2014 .070 50,000,000.00 49,991,250.00 99.990611 49,995,305.56 4,055.56 TOYOTA MOTOR CORP 03/07/2014 .150 15,000,000.00 14,992,500.00 99.969306 14,995,395.83 2,895.83 EXXON MOBIL 02/14/2014 .090 25,000,000.00 24,994,500.00 99.984111 24,996,027.78 1,527.78 EXXON MOBIL 01/21/2014 .090 25,000,000.00 24,996,062.50 99.992778 24,998,194.44 2,131.94 Commonwealth Bank of Australia 02/21/2014 .150 25,000,000.00 24,990,416.67 99.981583 24,995,395.83 4,979.16 UC REGENTS 03/12/2014 .120 5,000,000.00 4,998,150.00 99.966944 4,998,347.22 197.22 TOYOTA MOTOR CORP 03/26/2014 .170 10,000,000.00 9,994,333.33 99.960333 9,996,033.33 1,700.00 GE CAPITAL CORP 03/27/2014 .140 15,000,000.00 14,993,000.00 99.959861 14,993,979.17 979.17 EXXON MOBIL 02/28/2014 .080 25,000,000.00 24,995,111.11 99.979056 24,994,763.89 -347.22 COCA-COLA CO 03/18/2014 .120 25,000,000.00 24,991,166.67 99.964111 24,991,027.78 -138.89 COCA-COLA CO 03/19/2014 .120 10,000,000.00 9,996,466.67 99.963639 9,996,363.89 -102.78 GE CAPITAL CORP 03/03/2014 .120 10,000,000.00 9,997,000.00 99.971194 9,997,119.44 119.44 UC REGENTS 03/12/2014 .120 25,000,000.00 24,991,833.33 99.966944 24,991,736.11 -97.22 UC REGENTS 04/04/2014 .130 15,000,000.00 14,993,716.67 99.948333 14,992,250.00 -1,466.67 EXXON MOBIL 03/07/2014 .090 50,000,000.00 49,989,000.00 99.969306 49,984,652.78 -4,347.22 GE CAPITAL CORP 04/08/2014 .140 20,000,000.00 19,990,666.67 99.946111 19,989,222.22 -1,444.45 UC REGENTS 03/11/2014 .180 25,000,000.00 24,988,750.00 99.967417 24,991,854.17 3,104.17 CHEVRON 03/11/2014 .100 50,000,000.00 49,987,638.89 99.967417 49,983,708.33 -3,930.56 COCA-COLA CO 03/19/2014 .110 25,000,000.00 24,992,590.28 99.963639 24,990,909.72 -1,680.56 CHEVRON 03/17/2014 .110 25,000,000.00 24,993,048.61 99.964583 24,991,145.83 -1,902.78 TOYOTA MOTOR CORP 04/14/2014 .160 25,000,000.00 24,986,777.75 99.942778 24,985,694.44 -1,083.31 CHEVRON 03/12/2014 .100 25,000,000.00 24,994,097.22 99.966944 24,991,736.11 -2,361.11 .125 760,000,000.00 759,731,381.93 99.976873 759,824,234.71 92,852.78 TORONTO DOMINION 01/06/2014 .130 45,000,000.00 45,000,000.00 100.000000 45,000,000.00 0.00 TORONTO DOMINION 02/03/2014 .160 25,000,000.00 25,000,000.00 100.000000 25,000,000.00 0.00 ROYAL BANK OF 03/07/2014 .070 25,000,000.00 25,000,000.00 100.000000 25,000,000.00 0.00 TORONTO DOMINION 03/13/2014 .150 20,000,000.00 20,000,000.00 100.000000 20,000,000.00 0.00 TORONTO DOMINION 03/18/2014 .150 50,000,000.00 50,000,000.00 100.000000 50,000,000.00 0.00 TORONTO DOMINION 03/26/2014 .130 10,000,000.00 10,000,000.00 100.000000 10,000,000.00 0.00 TORONTO DOMINION 03/05/2014 .165 20,000,000.00 20,000,000.00 100.000000 20,000,000.00 0.00 3133ED7H9 .203 1.115 1.121 3133EDAL6 .280 1.646 1.649 3133ED7H9 .203 1.115 1.121 3133EDBK7 .731 2.903 2.942 .240 .846 .849 FMAC DISC NOTES 31315LWV6 .180 .369 .370 31315LWF1 .120 .331 .332 31315LXX1 .120 .440 .441 31315LXQ6 .110 .421 .422 .135 .369 .370 FARMER MAC 31315PQK8 .587 1.490 1.501 31315PVR7 .495 1.722 1.734 31315PVR7 .487 1.722 1.734 31315PYX1 .265 .137 .137 31315PWS4 .320 1.057 1.063 31315PXL8 .190 .068 .068 31315PYL7 .220 .315 .315 31315PYE3 .200 .066 .066 31315PYY9 .425 2.060 2.077 31315PRT8 .750 4.173 4.258 31315PTM1 .220 .440 .441 31315PTZ2 .220 .440 .441 31315PA74 .213 .610 .611 31315PX20 .230 .837 .841 31315P6N4 .200 .774 .775 31315PJ59 .190 1.012 1.016 .258 .842 .848 MUNI BONDS 677521LH7 1.190 .329 .332 20772JED0 .448 .287 .288 20772JEE8 .672 1.280 1.288 8827226W6 .300 .249 .249 546415L73 .540 2.353 2.373 6775212D7 .280 .831 .836 6775212E5 .630 1.818 1.836 76914AAE2 .370 .786 .789 882723FG9 .390 1.577 1.584 882723EV7 .390 1.577 1.584 882723FH7 .800 2.551 2.586 644682T55 .428 1.243 1.249 .459 1.173 1.182 COMM PAPER 19121BA90 .110 .025 .025 19121BAQ2 .120 .066 .066 89233HAQ7 .150 .066 .066 89233HB60 .170 .101 .101 89233HA95 .200 .025 .025 19121BAG4 .160 .044 .044 19121BBJ7 .100 .134 .134 30229BAT4 .070 .074 .074 89233HC77 .150 .180 .181 30229BBE6 .090 .123 .123 30229BAM9 .090 .057 .058 20272EBM9 .150 .142 .142 91411UCC7 .120 .194 .195 89233HCS1 .170 .232 .233 36959JCT8 .140 .235 .236 30229BBU0 .080 .161 .162 19121BCJ6 .120 .211 .211 19121BCK3 .120 .213 .214 36959JC35 .120 .170 .170 91411UCC7 .120 .194 .195 91411UD44 .130 .257 .258 30229BC70 .090 .181 .181 36959JD83 .140 .268 .268 91411UCB9 .180 .191 .192 16677KCB7 .100 .191 .192 19121BCK3 .110 .213 .214 16677KCH4 .110 .208 .208 89233HDE1 .160 .284 .285 16677KCC5 .100 .194 .195 .125 .142 .142 NCDS 89112THJ6 .130 .016 .016 89112TMC5 .160 .093 .093 78009NPX8 .070 .181 .181 89112TSS4 .150 .197 .197 89112TTG9 .150 .210 .211 89112TUH5 .130 .232 .233 89112TWV2 .165 .175 .175 RIVERISIDE COUNTY TREASURER-TAX COLLECTOR 11 73 Description Maturity Date Coupon Par Value Book Value Market Price Market Value Unrealized Gain/Loss Month End Portfolio Holdings Maturity To Mat Modified Duration Years To MaturityCUSIP .137 195,000,000.00 195,000,000.00 100.000000 195,000,000.00 0.00 .335 6,004,697,714.00 6,004,394,253.64 99.800619 5,992,725,493.93 -11,668,759.71 .335 6,004,697,714.00 6,004,394,253.64 99.800619 5,992,725,493.93 -11,668,759.71 .137 .143 .143 Total Fund .331 1.113 1.132 Grand Total .331 1.113 1.132 RIVERISIDE COUNTY TREASURER-TAX COLLECTOR 12 74 1 Mutual Funds maturity may be interpreted as weighted average maturity not exceeding 60 days. 2 Or must have an investment advisor with not less than 5 years experience and with assets under management of $500,000,000. THIS COMPLETES THE REPORT REQUIREMENTS OF CALIFORNIA GOVERNMENT C0DE 53646 Investment Category Maximum Maturity Authorized % Limit S&P/ Moody's Maximum Maturity Authorized % Limit S&P/ Moody's Actual % MUNICIPAL BONDS (MUNI) 5 YEARS NO LIMIT NA 3 YEARS 15% AA-/Aa3/AA-1.05% U.S. TREASURIES 5 YEARS NO LIMIT NA 5 YEARS 100%NA 6.17% LOCAL AGENCY OBLIGATIONS (LAO) 5 YEARS NO LIMIT NA 3 YEARS 2.5% INVESTMENT GRADE 0.01% FEDERAL AGENCIES 5 YEARS NO LIMIT AAA 5 YEARS 100%NA 58.22% COMMERCIAL PAPER (CP)270 DAYS 40% A1/P1 270 DAYS 40%A1/P1/F1 12.65% CERTIFICATE & TIME DEPOSITS (NCD & TCD) 5 YEARS 30% NA 1 YEAR 25% Combined A1/P1/F1 3.25% REPURCHASE AGREEMENTS (REPO) 1 YEARS NO LIMIT NA 45 DAYS 40% max, 25% in term repo over 7 days A1/P1/F1 0.00% REVERSE REPOS 92 DAYS 20% NA 60 DAYS 10%NA 0.00% MEDIUM TERM NOTES (MTNO) 5 YEARS 30% A 3 YEARS 20%AA/Aa2/AA 0.00% CALTRUST SHORT TERM FUND NA NA NA DAILY LIQUIDITY 1.0% NA 0.90% MONEY MARKET MUTUAL FUNDS (MMF) 60 DAYS (1)20% AAA/Aaa (2) DAILY LIQUIDITY 20% AAA by 2 Of 3 RATINGS AGC. 11.67% LOCAL AGENCY INVESTMENT FUND (LAIF) NA NA NA DAILY LIQUIDITY Max $50 million NA 0.00% CASH/DEPOSIT ACCOUNT NA NA NA NA NA NA 6.08% GOVERNMENT CODE COUNTY INVESTMENT POLICY The Treasurer’s Pooled Investment Fund was in FULL COMPLIANCE with the Treasurer’s Statement of Investment Policy. The County’s Investment Policy is more restrictive than the Califor- nia Government Code. This policy is reviewed annually by the County’s Investment Oversight Committee and approved by the County Board of Supervisors. Full Compliance RIVERSIDE COUNTY TREASURER-TAX COLLECTOR 13 75 County of Riverside Treasurer-Tax Collector Capital Markets 4080 Lemon Street, 4th Floor Riverside, CA 92502-2205 www.treasurer-tax.co.riverside.ca.us (951) 955-3979 76 AGENDA ITEM 8D BLANK RIVERSIDE COUNTY TRANSPORTATION COMMISSION DATE: March 12, 2014 TO: Riverside County Transportation Commission FROM: Budget and Implementation Committee Marla Dye, Procurement Analyst Matt Wallace, Procurement Manager THROUGH: Anne Mayer, Executive Director SUBJECT: Single Signature Authority Report BUDGET AND IMPLEMENTATION COMMITTEE AND STAFF RECOMMENDATION: This item is for the Commission to receive and file the Single Signature Authority report for the second quarter ended December 31, 2013. BACKGROUND INFORMATION: Certain contracts are executed under single signature authority as permitted in the Commission’s Procurement Policy Manual adopted in December 2012. The Executive Director is authorized to sign services contracts that are less than $100,000 individually and in an aggregate amount not to exceed $1 million in any given fiscal year. Additionally, in accordance with Public Utilities Code Section 130323(c), the Executive Director is authorized to sign contracts for supplies, equipment, materials, and construction of all facilities and works under $50,000 individually. The attached report details all contracts executed for the second quarter ended December 31, 2013, under the single signature authority granted to the Executive Director. The unused capacity of single signature authority for services at December 31, 2013 is $660,267. Attachment: Single Signature Authority Report as of December 31, 2013. Agenda item 8D 77 CONSULTANT DESCRIPTION OF SERVICES ORIGINAL CONTRACT AMOUNT PAID AMOUNT REMAINING CONTRACT AMOUNT AMOUNT AVAILABLE July 1, 2013 $1,000,000.00 Green Com, Inc. Public outreach services on the I-215, Blaine St. to MLK Blvd Project 10,000.00 10,000.00 0.00 Southern California Regional Rail Authority Switching Passenger Train Traffic at Pachappa Crossing over SR-91 HOV Project 30,000.00 0.00 30,000.00 Corner Stone Right of Way Relocation Appeal Hearing Officer Services 10,000.00 5,548.59 4,451.41 AECOM Construction Contract Change Order Support for the I-215/SR-60 East Junction HOV Project 58,175.23 0.00 58,175.23 ThyssenKrupp Elevator Americas Elevator Maintenance Service - North Main Corona Station 54,000.00 7,204.50 46,795.50 Bartel & Associates, Inc Actuarial Valuation Services for OPEB Calculation 2,500.00 0.00 2,500.00 Express Transportation Systems, Inc Taxi Service During the Maintenance of the Pedestrian Crossing 1,257.20 1,257.20 0.00 Smith, Watts & Martinez LLC Extra Work Public Opinion Survey - Quality of Life Issues in Riverside County 63,800.00 0.00 63,800.00 Arellano Associates Release sponsorship funds for specific event purposes necessary for the SR-91 CIP and PVL groundbreaking events.60,000.00 34,484.09 25,515.91 Avila & Putnam, PLC Legal Services for Eminent Domain on the SR-91 CIP.50,000.00 6,573.76 43,426.24 AMOUNT USED 339,732.43 339,732.43 $660,267.57 None N/A -$ -$ -$ Marla Dye Theresia Trevino Prepared by Reviewed by AMOUNT USED SINGLE SIGNATURE AUTHORITY AS OF DECEMBER 31, 2013 Note: Shaded area represents new contracts listed in the second quarter. AMOUNT REMAINING through December 31, 2013 Agreements that fall under Public Utilities Code 130323 (C) 78 AGENDA ITEM 8E RIVERSIDE COUNTY TRANSPORTATION COMMISSION DATE: March 12, 2014 TO: Riverside County Transportation Commission FROM: Budget and Implementation Committee Jennifer Harmon, Office and Board Services Manager THROUGH: Anne Mayer, Executive Director SUBJECT: Agreement with CTG Inc. of Illinois dba Novanis for Information Technology Support Services BUDGET AND IMPLEMENTATION COMMITTEE AND STAFF RECOMMENDATION: This item is for the Commission to: 1)Award Agreement No. 14-12-062-00 with CTG Inc. of Illinois dba Novanis (Novanis) for information technology (IT) support services for a three-year term, and two one-year options to extend the agreement, in an amount not to exceed $680,000; and 2)Authorize the Chair or Executive Director, pursuant to legal counsel review, to execute the agreement, including option years, on behalf of the Commission. BACKGROUND INFORMATION: Since the inception of the Commission, different consultants have been utilized to support its IT needs, including the county of Riverside, Jaguar Computer Systems, Inc., and ProCompNet. These services provided for basic support under a purchase order. Due to the growth and complexity of the Commission’s programs and projects, including multiple office locations, there is a need to go beyond the basic services and provide comprehensive IT services for the Commission. These new services will include: 1) an initial assessment of the Commission’s infrastructure including hardware, software, network design, and connectivity; 2) server and network administration services including monitoring of devices; 3) e-mail, security, and backup services including a comprehensive disaster recovery and business continuity plan; and 4) IT planning for future Commission needs. Procurement Process Staff determined the weighted factor method of source selection to be the most appropriate for this procurement, as it allows the Commission to identify the most advantageous proposal with price and other factors considered. Non-price factors include elements such as experience, qualifications of firms and personnel, and the ability to respond to the requirements set forth under the terms of Request for Proposals (RFP) No. 14-12-062-00. Agenda Item 8E 79 The RFP was released by staff on December 5, 2013. A public notice was advertised in the Press Enterprise newspaper, and the RFP was posted on the Commission’s PlanetBids website, which is accessible through the Commission’s website. Postcards were sent using PlanetBids to 28 firms, 7 of these firms are located in Riverside County. Using PlanetBids, 33 firms downloaded the RFP, 4 of these firms are located in Riverside County. A pre-proposal conference was held at the Commission’s office on December 12, 2013, and 4 firms attended. Commission staff responded to all questions submitted by potential proposers prior to the December 19 clarification deadline date. Five firms – Evolve Partners, Inc.; Jaguar Computer Systems, Inc. (local); Novanis; US Computers Inc.; and X-act Technology Solutions – submitted proposals prior to the January 9, 2014, submittal deadline. Each firm submitted responsive and responsible proposals. Utilizing the evaluation criteria set forth in the RFP, these firms were evaluated and scored by an evaluation committee comprised of Commissioner Ben Benoit and Commission staff. Based on the evaluation committee’s assessment of the written proposals and pursuant to the terms of the RFP, the evaluation committee short-listed and invited 3 firms to the interview phase of the evaluation and selection process. Interviews of the short-listed firms – Evolve Partners, Inc.; Jaguar Computer Systems, Inc. (local); and Novanis – were conducted on February 5. Pursuant to the terms of the RFP, the evaluation committee recommends an agreement be awarded to Novanis, as that firm earned the highest total evaluation score under the evaluation criteria of the RFP. While Novanis originates from Illinois, it has a Southern California office location and has been serving public agencies in Southern California since 2001 including the Los Angeles County Metropolitan Transportation Authority, Orange County Transportation Authority, city of Los Angeles, and the county of Alameda. The recommended firm labor rates were competitively established and considered fair and reasonable based upon adequate price competition under the above referenced procurement process, and staff evaluation of historical costs paid by the Commission for the same or similar services. Staff is confident the recommended firm will provide the Commission with quality service at the best possible price. Special projects will be assigned on a task order basis; therefore, Commission-authorized funds are not guaranteed to the consultant. These services will be provided through the Commission’s issuance of contract task orders to the contractor on an as-needed basis. The Commission’s standard form professional services agreement will be entered into with the consultant subject to any changes approved by the Executive Director, and pursuant to legal counsel review. Staff oversight of the contract will work to maximize the effectiveness of the consultants and minimize the costs to the Commission. Agenda Item 8E 80 Financial Information In Fiscal Year Budget: No N/A Year:FY 2013/14 FY 2014/15+ Amount: $ 50,000 $630,000 Source of Funds: Measure A, Local Transportation Funds, Motorist Assistance Funds, TUMF Administration Funds Budget Adjustment: Yes N/A GL/Project Accounting No.: 001001 65520 00000 0001 101 12 65520 Fiscal Procedures Approved: Date: 02/19/14 Attachment: Agreement No. 14-12-062-00 (Draft) Agenda Item 8E 81 BLANK Agreement No. 14-12-062-00 RIVERSIDE COUNTY TRANSPORTATION COMMISSION AGREEMENT FOR INFORMATION TECHNOLOGY SUPPORT SERVICES WITH [___CONSULTANT___] 1. PARTIES AND DATE. This Agreement is made and entered into this day of , 201_, by and between the RIVERSIDE COUNTY TRANSPORTATION COMMISSION ("the Commission") and [___NAME OF FIRM___] ("Consultant"), a [___LEGAL STATUS OF CONSULTANT e.g., CORPORATION___]. 2. RECITALS. 2.1 Consultant desires to perform and assume responsibility for the provision of certain professional consulting services required by Commission on the terms and conditions set forth in this Agreement. Consultant represents that it is a professional consultant, experienced in providing [___INSERT TYPE OF SERVICES___] services to public clients, is licensed in the State of California, and is familiar with the plans of Commission. 2.2 Commission desires to engage Consultant to render certain consulting services for the [___INSERT PROJECT NAME___] Project ("Project") as set forth herein. 3. TERMS. 3.1 General Scope of Services. Consultant promises and agrees to furnish to Commission all labor materials, tools, equipment, services, and incidental and customary work necessary to fully and adequately provide professional consulting services and advice on various issues affecting the decisions of Commission regarding the Project and on other programs and matters affecting Commission, hereinafter referred to as "Services". The Services are more particularly described in Exhibit "A" attached hereto and incorporated herein by reference. All Services shall be subject to, and performed in accordance with, this Agreement, the exhibits attached hereto and incorporated herein by reference, and all applicable local, state, and federal laws, rules and regulations. 3.2 Term. The term of this Agreement shall be from the date first specified above to ________________, unless earlier terminated as provided herein. 17336.00000\7415357.2 82 Consultant shall complete the Services within the term of this Agreement and shall meet any other established schedules and deadlines. 3.3 Schedule of Services. Consultant shall perform the Services expeditiously, within the term of this Agreement, and in accordance with the Schedule of Services set forth in Exhibit "B" attached hereto and incorporated herein by reference. Consultant represents that it has the professional and technical personnel required to perform the Services in conformance with such conditions. In order to facilitate Consultant's conformance with the Schedule, the Commission shall respond to Consultant's submittals in a timely manner. Upon request of the Commission, Consultant shall provide a more detailed schedule of anticipated performance to meet the Schedule of Services. 3.4 Independent Contractor; Control and Payment of Subordinates. The Services shall be performed by Consultant under its supervision. Consultant will determine the means, method and details of performing the Services subject to the requirements of this Agreement. Commission retains Consultant on an independent contractor basis and Consultant is not an employee of Commission. Consultant retains the right to perform similar or different services for others during the term of this Agreement. Any additional personnel performing the Services under this Agreement on behalf of Consultant shall not be employees of Commission and shall at all times be under Consultant's exclusive direction and control. Consultant shall pay all wages, salaries, and other amounts due such personnel in connection with their performance of Services under this Agreement and as required by law. Consultant shall be responsible for all reports and obligations respecting such additional personnel, including, but not limited to: social security taxes, income tax withholding, unemployment insurance, and workers' compensation insurance. 3.5 Conformance to Applicable Requirements. All work prepared by Consultant shall be subject to the approval of Commission. 3.6 Substitution of Key Personnel. Consultant has represented to Commission that certain key personnel will perform and coordinate the Services under this Agreement. Should one or more of such personnel become unavailable, Consultant may substitute other personnel of at least equal competence and experience upon written approval of Commission. In the event that Commission and Consultant cannot agree as to the substitution of key personnel, Commission shall be entitled to terminate this Agreement for cause, pursuant to provisions of Section 3.16 of this Agreement. The key personnel for performance of this Agreement are as follows: __________________________________. 3.7 Commission’s Representative. Commission hereby designates [___INSERT NAME OR TITLE___], or his or her designee, to act as its representative for the performance of this Agreement ("Commission’s Representative"). Commission's representative shall have the power to act on behalf of Commission for all purposes 17336.00000\7415357.2 APPENDIX B - 2 83 under this Agreement. Consultant shall not accept direction from any person other than Commission's Representative or his or her designee. 3.8 Consultant’s Representative. Consultant hereby designates [___INSERT NAME OR TITLE___], or his or her designee, to act as its representative for the performance of this Agreement ("Consultant’s Representative"). Consultant’s Representative shall have full authority to represent and act on behalf of the Consultant for all purposes under this Agreement. The Consultant’s Representative shall supervise and direct the Services, using his or her best skill and attention, and shall be responsible for all means, methods, techniques, sequences and procedures and for the satisfactory coordination of all portions of the Services under this Agreement. 3.9 Coordination of Services. Consultant agrees to work closely with Commission staff in the performance of Services and shall be available to Commission's staff, consultants and other staff at all reasonable times. 3.10 Standard of Care; Licenses. Consultant shall perform the Services under this Agreement in a skillful and competent manner, consistent with the standard generally recognized as being employed by professionals in the same discipline in the State of California. Consultant represents and maintains that it is skilled in the professional calling necessary to perform the Services. Consultant warrants that all employees and subcontractors shall have sufficient skill and experience to perform the Services assigned to them. Finally, Consultant represents that it, its employees and subcontractors have all licenses, permits, qualifications and approvals of whatever nature that are legally required to perform the Services and that such licenses and approvals shall be maintained throughout the term of this Agreement. Consultant shall perform, at its own cost and expense and without reimbursement from Commission, any Services necessary to correct errors or omissions which are caused by the Consultant’s failure to comply with the standard of care provided for herein, and shall be fully responsible to the Commission for all damages and other liabilities provided for in the indemnification provisions of this Agreement arising from the Consultant’s errors and omissions. 3.11 Laws and Regulations. Consultant shall keep itself fully informed of and in compliance with all local, state and federal laws, rules and regulations in any manner affecting the performance of the Project or the Services, including all Cal/OSHA requirements, and shall give all notices required by law. Consultant shall be liable for all violations of such laws and regulations in connection with Services. If the Consultant performs any work knowing it to be contrary to such laws, rules and regulations and without giving written notice to Commission, Consultant shall be solely responsible for all costs arising therefrom. Consultant shall defend, indemnify and hold Commission, its officials, directors, officers, employees and agents free and harmless, pursuant to the indemnification provisions of this Agreement, from any claim or liability arising out of any failure or alleged failure to comply with such laws, rules or regulations. 17336.00000\7415357.2 APPENDIX B - 3 84 3.12 Insurance. 3.12.1 Time for Compliance. Consultant shall not commence work under this Agreement until it has provided evidence satisfactory to the Commission that it has secured all insurance required under this section. In addition, Consultant shall not allow any subcontractor to commence work on any subcontract until it has secured all insurance required under this section. 3.12.2 Minimum Requirements. Consultant shall, at its expense, procure and maintain for the duration of the Agreement insurance against claims for injuries to persons or damages to property which may arise from or in connection with the performance of the Agreement by the Consultant, its agents, representatives, employees or subcontractors. Consultant shall also require all of its subcontractors to procure and maintain the same insurance for the duration of the Agreement. Such insurance shall meet at least the following minimum levels of coverage: (A) Minimum Scope of Insurance. Coverage shall be at least as broad as the latest version of the following: (1) General Liability: Insurance Services Office Commercial General Liability coverage (occurrence form CG 0001); (2) Automobile Liability: Insurance Services Office Business Auto Coverage form number CA 0001, code 1 (any auto); and (3) Workers’ Compensation and Employer’s Liability: Workers’ Compensation insurance as required by the State of California and Employer’s Liability Insurance. (B) Minimum Limits of Insurance. Consultant shall maintain limits no less than: (1) General Liability: $2,000,000 per occurrence for bodily injury, personal injury and property damage. If Commercial General Liability Insurance or other form with general aggregate limit is used, either the general aggregate limit shall apply separately to this Agreement/location or the general aggregate limit shall be twice the required occurrence limit; (2) Automobile Liability: $1,000,000 per accident for bodily injury and property damage; and (3) if Consultant has an employees, Workers’ Compensation and Employer’s Liability: Workers’ Compensation limits as required by the Labor Code of the State of California. Employer’s Practices Liability limits of $1,000,000 per accident. 3.12.3 Professional Liability. Consultant shall procure and maintain, and require its sub-consultants to procure and maintain, for a period of five (5) years following completion of the Project, errors and omissions liability insurance appropriate to their profession. Such insurance shall be in an amount not less than $1,000,000 per claim. 3.12.4 Insurance Endorsements. The insurance policies shall contain the following provisions, or Consultant shall provide endorsements on forms approved by the Commission to add the following provisions to the insurance policies: 17336.00000\7415357.2 APPENDIX B - 4 85 (A) General Liability. The general liability policy shall be endorsed to state that: (1) the Commission, its directors, officials, officers, employees and agents shall be covered as additional insureds with respect to the Services or operations performed by or on behalf of the Consultant, including materials, parts or equipment furnished in connection with such work; and (2) the insurance coverage shall be primary insurance as respects the Commission, its directors, officials, officers, employees and agents, or if excess, shall stand in an unbroken chain of coverage excess of the Consultant’s scheduled underlying coverage. Any insurance or self- insurance maintained by the Commission, its directors, officials, officers, employees and agents shall be excess of the Consultant’s insurance and shall not be called upon to contribute with it in any way. (B) Automobile Liability. The automobile liability policy shall be endorsed to state that: (1) the Commission, its directors, officials, officers, employees and agents shall be covered as additional insureds with respect to the ownership, operation, maintenance, use, loading or unloading of any auto owned, leased, hired or borrowed by the Consultant or for which the Consultant is responsible; and (2) the insurance coverage shall be primary insurance as respects the Commission, its directors, officials, officers, employees and agents, or if excess, shall stand in an unbroken chain of coverage excess of the Consultant’s scheduled underlying coverage. Any insurance or self-insurance maintained by the Commission, its directors, officials, officers, employees and agents shall be excess of the Consultant’s insurance and shall not be called upon to contribute with it in any way. (C) Workers’ Compensation and Employers Liability Coverage. The insurer shall agree to waive all rights of subrogation against the Commission, its directors, officials, officers, employees and agents for losses paid under the terms of the insurance policy which arise from work performed by the Consultant. (D) All Coverages. Each insurance policy required by this Agreement shall be endorsed to state that: (A) coverage shall not be suspended, voided or canceled except after thirty (30) days prior written notice by certified mail, return receipt requested, has been given to the Commission; and, (B) any failure to comply with reporting or other provisions of the policies, including breaches of warranties, shall not affect coverage provided to the Commission, its directors, officials, officers, employees and agents. 3.12.5 Deductibles and Self-Insurance Retentions. Any deductibles or self-insured retentions must be declared to and approved by the Commission. If the Commission does not approve the deductibles or self-insured retentions as presented, Consultant shall guarantee that, at the option of the Commission, either: (1) the insurer shall reduce or eliminate such deductibles or self-insured retentions as respects the Commission, its directors, officials, officers, employees and agents; or, (2) the Consultant shall procure a bond guaranteeing payment of losses and related investigation costs, claims and administrative and defense expenses. 17336.00000\7415357.2 APPENDIX B - 5 86 3.12.6 Acceptability of Insurers. Insurance is to be placed with insurers with a current A.M. Best’s rating no less than A:VIII, licensed to do business in California, and satisfactory to the Commission. 3.12.7 Verification of Coverage. Consultant shall furnish Commission with original certificates of insurance and endorsements effecting coverage required by this Agreement on forms satisfactory to the Commission. The certificates and endorsements for each insurance policy shall be signed by a person authorized by that insurer to bind coverage on its behalf. All certificates and endorsements must be received and approved by the Commission before work commences. The Commission reserves the right to require complete, certified copies of all required insurance policies, at any time. 3.13 Safety. Consultant shall execute and maintain its work so as to avoid injury or damage to any person or property. In carrying out its Services, the Consultant 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 life saving equipment and procedures; (B) instructions in accident prevention for all employees and subcontractors, such as safe walkways, scaffolds, fall protection ladders, 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. 3.14 Fees and Payment. 3.14.1 Compensation. Consultant shall receive compensation, including authorized reimbursements, for all Services rendered under this Agreement at the rates set forth in Exhibit "C" attached hereto. The total compensation shall not exceed [___INSERT WRITTEN DOLLAR AMOUNT___] ($[___INSERT NUMERICAL DOLLAR AMOUNT___]) without written approval of Commission's Executive Director (“Total Compensation”). Extra Work may be authorized, as described below, and if authorized, will be compensated at the rates and manner set forth in this Agreement. 3.14.2 Payment of Compensation. Consultant shall submit to Commission a monthly statement which indicates work completed and hours of Services rendered by Consultant. The statement shall describe the amount of Services and supplies provided since the initial commencement date, or since the start of the subsequent billing periods, as appropriate, through the date of the statement. Commission shall, within 45 days of receiving such statement, review the statement and pay all approved charges thereon. 17336.00000\7415357.2 APPENDIX B - 6 87 3.14.3 Reimbursement for Expenses. Consultant shall not be reimbursed for any expenses unless authorized in writing by Commission. 3.14.4 Extra Work. At any time during the term of this Agreement, Commission may request that Consultant perform Extra Work. As used herein, "Extra Work" means any work which is determined by Commission to be necessary for the proper completion of the Project, but which the parties did not reasonably anticipate would be necessary at the execution of this Agreement. Consultant shall not perform, nor be compensated for, Extra Work without written authorization from Commission's Executive Director. 3.15 Accounting Records. Consultant shall maintain complete and accurate records with respect to all costs and expenses incurred and fees charged under this Agreement. All such records shall be clearly identifiable. Consultant shall allow a representative of Commission during normal business hours to examine, audit, and make transcripts or copies of such records and any other documents created pursuant to this Agreement. Consultant shall allow inspection of all work, data, documents, proceedings, and activities related to the Agreement for a period of three (3) years from the date of final payment under this Agreement. 3.16 Termination of Agreement. 3.16.1 Grounds for Termination. Commission may, by written notice to Consultant, terminate the whole or any part of this Agreement at any time and without cause by giving written notice to Consultant of such termination, and specifying the effective date thereof. Upon termination, Consultant shall be compensated only for those services which have been fully and adequately rendered to Commission through the effective date of the termination, and Consultant shall be entitled to no further compensation. Consultant may not terminate this Agreement except for cause. 3.16.2 Effect of Termination. If this Agreement is terminated as provided herein, Commission may require Consultant to provide all finished or unfinished Documents and Data, as defined below, and other information of any kind prepared by Consultant in connection with the performance of Services under this Agreement. Consultant shall be required to provide such document and other information within fifteen (15) days of the request. 3.16.3 Additional Services. In the event this Agreement is terminated in whole or in part as provided herein, Commission may procure, upon such terms and in such manner as it may determine appropriate, services similar to those terminated. 3.17 Delivery of Notices. All notices permitted or required under this Agreement shall be given to the respective parties at the following address, or at such other address as the respective parties may provide in writing for this purpose: 17336.00000\7415357.2 APPENDIX B - 7 88 CONSULTANT: COMMISSION: ______________________ Riverside County ______________________ Transportation Commission ______________________ 4080 Lemon Street, 3rd Floor _____________________ Riverside, CA 92501 Attn: ________________ Attn: Executive Director Such notice shall be deemed made when personally delivered or when mailed, forty-eight (48) hours after deposit in the U.S. Mail, first class postage prepaid and addressed to the party at its applicable address. Actual notice shall be deemed adequate notice on the date actual notice occurred, regardless of the method of service. 3.18 Ownership of Materials/Confidentiality. 3.18.1 Documents & Data. This Agreement creates an exclusive and perpetual license for Commission to copy, use, modify, reuse, or sub-license any and all copyrights and designs embodied in plans, specifications, studies, drawings, estimates, materials, data and other documents or works of authorship fixed in any tangible medium of expression, including but not limited to, physical drawings or data magnetically or otherwise recorded on computer diskettes, which are prepared or caused to be prepared by Consultant under this Agreement (“Documents & Data”). Consultant shall require all subcontractors to agree in writing that Commission is granted an exclusive and perpetual license for any Documents & Data the subcontractor prepares under this Agreement. Consultant represents and warrants that Consultant has the legal right to grant the exclusive and perpetual license for all such Documents & Data. Consultant makes no such representation and warranty in regard to Documents & Data which were prepared by design professionals other than Consultant or provided to Consultant by the Commission. Commission shall not be limited in any way in its use of the Documents & Data at any time, provided that any such use not within the purposes intended by this Agreement shall be at Commission’s sole risk. 3.18.2 Intellectual Property. In addition, Commission shall have and retain all right, title and interest (including copyright, patent, trade secret and other proprietary rights) in all plans, specifications, studies, drawings, estimates, materials, data, computer programs or software and source code, enhancements, documents, and any and all works of authorship fixed in any tangible medium or expression, including but not limited to, physical drawings or other data magnetically or otherwise recorded on computer media (“Intellectual Property”) prepared or developed by or on behalf of Consultant under this Agreement as well as any other such Intellectual Property prepared or developed by or on behalf of Consultant under this Agreement. 17336.00000\7415357.2 APPENDIX B - 8 89 The Commission shall have and retain all right, title and interest in Intellectual Property developed or modified under this Agreement whether or not paid for wholly or in part by Commission, whether or not developed in conjunction with Consultant, and whether or not developed by Consultant. Consultant will execute separate written assignments of any and all rights to the above referenced Intellectual Property upon request of Commission. Consultant shall also be responsible to obtain in writing separate written assignments from any subcontractors or agents of Consultant of any and all right to the above referenced Intellectual Property. Should Consultant, either during or following termination of this Agreement, desire to use any of the above-referenced Intellectual Property, it shall first obtain the written approval of the Commission. All materials and documents which were developed or prepared by the Consultant for general use prior to the execution of this Agreement and which are not the copyright of any other party or publicly available and any other computer applications, shall continue to be the property of the Consultant. However, unless otherwise identified and stated prior to execution of this Agreement, Consultant represents and warrants that it has the right to grant the exclusive and perpetual license for all such Intellectual Property as provided herein. Commission further is granted by Consultant a non-exclusive and perpetual license to copy, use, modify or sub-license any and all Intellectual Property otherwise owned by Consultant which is the basis or foundation for any derivative, collective, insurrectional, or supplemental work created under this Agreement. 3.18.3 Confidentiality. All ideas, memoranda, specifications, plans, procedures, drawings, descriptions, computer program data, input record data, written information, and other Documents and Data either created by or provided to Consultant in connection with the performance of this Agreement shall be held confidential by Consultant. Such materials shall not, without the prior written consent of Commission, be used by Consultant for any purposes other than the performance of the Services. Nor shall such materials be disclosed to any person or entity not connected with the performance of the Services or the Project. Nothing furnished to Consultant which is otherwise known to Consultant or is generally known, or has become known, to the related industry shall be deemed confidential. Consultant shall not use Commission's name or insignia, photographs of the Project, or any publicity pertaining to the Services or the Project in any magazine, trade paper, newspaper, television or radio production or other similar medium without the prior written consent of Commission. Should Consultant receive a subpoena or court order related to this Agreement, the Services or the Project, Consultant shall immediately provide written notice of the subpoena or court order to the Commission in order to allow the Commission to pursue legal remedies designed to limit any confidential information required to be disclosed or to assure the confidential treatment of the information 17336.00000\7415357.2 APPENDIX B - 9 90 following disclosure. Consultant shall not respond to any such subpoena or court order until notice to the Commission is provided as required herein, and shall cooperate with the Commission in responding to the subpoena or court order. 3.18.4 Infringement Indemnification. Consultant shall defend, indemnify and hold the Commission, its directors, officials, officers, employees, volunteers and agents free and harmless, pursuant to the indemnification provisions of this Agreement, for any alleged infringement of any patent, copyright, trade secret, trade name, trademark, or any other proprietary right of any person or entity in consequence of the use on the Project by Commission of the Documents & Data, including any method, process, product, or concept specified or depicted. 3.19 Cooperation; Further Acts. The Parties shall fully cooperate with one another, and shall take any additional acts or sign any additional documents as may be necessary, appropriate or convenient to attain the purposes of this Agreement. 3.20 Attorney's Fees. If either party commences an action against the other party, either legal, administrative or otherwise, arising out of or in connection with this Agreement, the prevailing party in such litigation shall be entitled to have and recover from the losing party reasonable attorney's fees and costs of such actions. 3.21 Indemnification. Consultant shall defend, indemnify and hold the Commission, its directors, officials, officers, agents, consultants, employees and volunteers free and harmless from any and all claims, demands, causes of action, costs, expenses, liabilities, losses, damages or injuries, in law or in equity, to property or persons, including wrongful death, in any manner arising out of or incident to any alleged negligent acts, omissions or willful misconduct of the Consultant, its officials, officers, employees, agents, consultants, and contractors arising out of or in connection with the performance of the Services, the Project or this Agreement, including without limitation, the payment of all consequential damages, attorneys fees and other related costs and expenses. Consultant shall defend, at Consultant’s own cost, expense and risk, any and all such aforesaid suits, actions or other legal proceedings of every kind that may be brought or instituted against the Commission, its directors, officials, officers, agents, consultants, employees and volunteers. Consultant shall pay and satisfy any judgment, award or decree that may be rendered against the Commission or its directors, officials, officers, agents, consultants, employees and volunteers, in any such suit, action or other legal proceeding. Consultant shall reimburse the Commission and its directors, officials, officers, agents, consultants, employees and volunteers, for any and all legal expenses and costs, including reasonable attorney’s fees, incurred by each of them in connection therewith or in enforcing the indemnity herein provided. Consultant’s obligation to indemnity shall not be restricted to insurance proceeds, if any, received by the Commission or its directors, officials, officers, agents, consultants, employees and volunteers. Notwithstanding the foregoing, to the extent Consultant's Services are subject to Civil Code Section 2782.8, the above indemnity shall be limited, to the extent required by Civil Code Section 2782.8, to claims that arise out of, pertain 17336.00000\7415357.2 APPENDIX B - 10 91 to, or relate to the negligence, recklessness, or willful misconduct of the Consultant. This Section 3.21 shall survive any expiration or termination of this Agreement. 3.22 Entire Agreement. This Agreement contains the entire Agreement of the parties with respect to the subject matter hereof, and supersedes all prior negotiations, understandings or agreements. This Agreement may only be supplemented, amended, or modified by a writing signed by both parties. 3.23 Governing Law. This Agreement shall be governed by the laws of the State of California. Venue shall be in Riverside County. 3.24 Time of Essence. Time is of the essence for each and every provision of this Agreement. 3.25 Commission's Right to Employ Other Consultants. The Commission reserves the right to employ other consultants in connection with this Project. 3.26 Successors and Assigns. This Agreement shall be binding on the successors and assigns of the parties, and shall not be assigned by Consultant without the prior written consent of Commission. 3.27 Prohibited Interests and Conflicts. 3.27.1 Solicitation. Consultant maintains and warrants that it has not employed nor retained any company or person, other than a bona fide employee working solely for Consultant, to solicit or secure this Agreement. Further, Consultant warrants that it has not paid nor has it agreed to pay any company or person, other than a bona fide employee working solely for Consultant, any fee, commission, percentage, brokerage fee, gift or other consideration contingent upon or resulting from the award or making of this Agreement. For breach or violation of this warranty, Commission shall have the right to rescind this Agreement without liability. 3.27.2 Conflict of Interest. For the term of this Agreement, no member, officer or employee of Commission, during the term of his or her service with Commission, shall have any direct interest in this Agreement, or obtain any present or anticipated material benefit arising therefrom. 3.27.3 Conflict of Employment. Employment by the Consultant of personnel currently on the payroll of the Commission shall not be permitted in the performance of this Agreement, even though such employment may occur outside of the employee’s regular working hours or on weekends, holidays or vacation time. Further, the employment by the Consultant of personnel who have been on the Commission payroll within one year prior to the date of execution of this Agreement, 17336.00000\7415357.2 APPENDIX B - 11 92 where this employment is caused by and or dependent upon the Consultant securing this or related Agreements with the Commission, is prohibited. 3.27.4 Employment Adverse to the Commission. Consultant shall notify the Commission, and shall obtain the Commission’s written consent, prior to accepting work to assist with or participate in a third-party lawsuit or other legal or administrative proceeding against the Commission during the term of this Agreement. 3.28 Equal Opportunity Employment. Consultant represents that it is an equal opportunity employer and it shall not discriminate against any employee or applicant for employment because of race, religion, color, national origin, ancestry, sex or age. Such non-discrimination shall include, but not be limited to, all activities related to initial employment, upgrading, demotion, transfer, recruitment or recruitment advertising, layoff or termination. Consultant shall also comply with all relevant provi- sions of Commission's Disadvantaged Business Enterprise program, Affirmative Action Plan or other related Commission programs or guidelines currently in effect or hereinafter enacted. 3.29 Subcontracting. Consultant shall not subcontract any portion of the work or Services required by this Agreement, except as expressly stated herein, without prior written approval of the Commission. Subcontracts, if any, shall contain a provision making them subject to all provisions stipulated in this Agreement. 3.30 Prevailing Wages. By its execution of this Agreement, Consultant certified that it 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, Section 16000 et seq. (“Prevailing Wage Laws”), which require the payment of prevailing wage rates and the performance of other requirements on certain “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 the total compensation is $1,000 or more, Consultant agrees to fully comply with such Prevailing Wage Laws. The Commission shall provide Consultant with a copy of the prevailing rate of per diem wages in effect at the commencement of this Agreement. Consultant 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 the Consultant's principal place of business and at the project site. Consultant shall defend, indemnify and hold the Commission, its elected officials, officers, employees and agents free and harmless from any claims, liabilities, costs, penalties or interest arising out of any failure or alleged failure to comply with the Prevailing Wage Laws. 3.31 Employment of Apprentices. This Agreement shall not prevent the employment of properly indentured apprentices in accordance with the California Labor Code, and no employer or labor union shall refuse to accept otherwise qualified employees as indentured apprentices on the work performed hereunder solely on the ground of race, creed, national origin, ancestry, color or sex. Every qualified apprentice 17336.00000\7415357.2 APPENDIX B - 12 93 shall be paid the standard wage paid to apprentices under the regulations of the craft or trade in which he or she is employed and shall be employed only in the craft or trade to which he or she is registered. If California Labor Code Section 1777.5 applies to the Services, Consultant and any subcontractor hereunder who employs workers in any apprenticeable craft or trade shall apply to the joint apprenticeship council administering applicable standards for a certificate approving Consultant or any sub-consultant for the employment and training of apprentices. Upon issuance of this certificate, Consultant and any sub-consultant shall employ the number of apprentices provided for therein, as well as contribute to the fund to administer the apprenticeship program in each craft or trade in the area of the work hereunder. The parties expressly understand that the responsibility for compliance with provisions of this Section and with Sections 1777.5, 1777.6 and 1777.7 of the California Labor Code in regard to all apprenticeable occupations lies with Consultant. 3.32 No Waiver. Failure of Commission to insist on any one occasion upon strict compliance with any of the terms, covenants or conditions hereof shall not be deemed a waiver of such term, covenant or condition, nor shall any waiver or relinquishment of any rights or powers hereunder at any one time or more times be deemed a waiver or relinquishment of such other right or power at any other time or times. 3.33 Eight-Hour Law. Pursuant to the provisions of the California Labor Code, eight hours of labor shall constitute a legal day's work, and the time of service of any worker employed on the work shall be limited and restricted to eight hours during any one calendar day, and forty hours in any one calendar week, except when payment for overtime is made at not less than one and one-half the basic rate for all hours worked in excess of eight hours per day ("Eight-Hour Law"), unless Consultant or the Services are not subject to the Eight-Hour Law. Consultant shall forfeit to Commission as a penalty, $50.00 for each worker employed in the execution of this Agreement by him, or by any sub-consultant under him, for each calendar day during which such workman is required or permitted to work more than eight hours in any calendar day and forty hours in any one calendar week without such compensation for overtime violation of the provisions of the California Labor Code, unless Consultant or the Services are not subject to the Eight-Hour Law. 3.34 Subpoenas or Court Orders. Should Consultant receive a subpoena or court order related to this Agreement, the Services or the Project, Consultant shall immediately provide written notice of the subpoena or court order to the Commission. Consultant shall not respond to any such subpoena or court order until notice to the Commission is provided as required herein, and shall cooperate with the Commission in responding to the subpoena or court order. 3.35 Survival. All rights and obligations hereunder that by their nature are to continue after any expiration or termination of this Agreement, including, but not 17336.00000\7415357.2 APPENDIX B - 13 94 limited to, the indemnification and confidentiality obligations, and the obligations related to receipt of subpoenas or court orders, shall survive any such expiration or termination. 3.36 No Third Party Beneficiaries. There are no intended third party beneficiaries of any right or obligation assumed by the Parties. 3.37 Labor Certification. By its signature hereunder, Consultant certifies that it is aware of the provisions of Section 3700 of the California Labor Code which require every employer to be insured against liability for Workers’ Compensation or to undertake self-insurance in accordance with the provisions of that Code, and agrees to comply with such provisions before commencing the performance of the Services. 3.38 Counterparts. This Agreement may be signed in counterparts, each of which shall constitute an original. 3.39 Incorporation of Recitals. The recitals set forth above are true and correct and are incorporated into this Agreement as though fully set forth herein. 3.40 Invalidity; Severability. If any portion of this Agreement is declared invalid, illegal, or otherwise unenforceable by a court of competent jurisdiction, the remaining provisions shall continue in full force and effect. 3.41 Conflicting Provisions. In the event that provisions of any attached exhibits conflict in any way with the provisions set forth in this Agreement, the language, terms and conditions contained in this Agreement shall control the actions and obligations of the Parties and the interpretation of the Parties’ understanding concerning the performance of the Services. 3.42 Headings. Article and Section Headings, paragraph captions or marginal headings contained in this Agreement are for convenience only and shall have no effect in the construction or interpretation of any provision herein. 3.43 Assignment or Transfer. Consultant shall not assign, hypothecate, or transfer, either directly or by operation of law, this Agreement or any interest herein, without the prior written consent of the Commission. Any attempt to do so shall be null and void, and any assignees, hypothecates or transferees shall acquire no right or interest by reason of such attempted assignment, hypothecation or transfer. 3.44 Authority to Enter Agreement. Consultant has all requisite power and authority to conduct its business and to execute, deliver, and perform the Agreement. Each Party warrants that the individuals who have signed this Agreement have the legal power, right, and authority to make this Agreement and bind each respective Party. 17336.00000\7415357.2 APPENDIX B - 14 95 [SIGNATURES ON FOLLOWING PAGE] 17336.00000\7415357.2 APPENDIX B - 15 96 SIGNATURE PAGE TO RIVERSIDE COUNTY TRANSPORTATION COMMISSION AGREEMENT FOR INFORMATION TECHNOLOGY SUPPORT SERVICES WITH [___CONSULTANT___] IN WITNESS WHEREOF, this Agreement was executed on the date first written above. RIVERSIDE COUNTY CONSULTANT TRANSPORTATION COMMISSION [INSERT NAME OF CONSULTANT] By:__________________________ By: __________________________ Karen S. Spiegel, Chair Signature __________________________ Name [NOT NEEDED IF APPROVED BY COMMISSION] __________________________ Title By: ____________________________ Anne Mayer Executive Director Approved as to Form: Attest: By: ____________________________ By: ________________________ Best Best & Krieger LLP Its: Secretary General Counsel 17336.00000\7415357.2 APPENDIX B - 16 97 [INSERT MODEL CONTRACT EXHIBITS] EXHIBIT "A" - SCOPE OF SERVICES EXHIBIT "B" - SCHEDULE OF SERVICES EXHIBIT "C" - COMPENSATION 17336.00000\7415357.2 EXHIBITS 98 BLANK AGENDA ITEM 8F BLANK RIVERSIDE COUNTY TRANSPORTATION COMMISSION DATE: March 12, 2014 TO: Riverside County Transportation Commission FROM: Budget and Implementation Committee Grace Alvarez, Planning and Programming Manager THROUGH: Anne Mayer, Executive Director SUBJECT: Riverside County 2015 Federal Transportation Improvement Program Financial Resolution BUDGET AND IMPLEMENTATION COMMITTEE AND STAFF RECOMMENDATION: This item is for the Commission to: 1)Adopt Resolution No. 14-013, “Resolution of the Riverside County Transportation Commission Certifying That Riverside County Has Resources to Fund Projects in Federal Fiscal Years 2014/15 Through 2019/20 Transportation Improvement Program and Affirming Commitment to Implement All Projects in the Program”; and 2)Forward to the Southern California Association of Governments (SCAG) for inclusion in the 2015 Federal Transportation Improvement Program (FTIP). BACKGROUND INFORMATION: Moving Ahead for Progress in the 21st Century (MAP-21) requires SCAG adopt a FTIP for the metropolitan planning area and that this document be included in the Federal Statewide Transportation Improvement Program (FSTIP) before receiving federal funds for transportation projects. The FSTIP must be updated by the metropolitan planning organization every two years. The FSTIP implements projects identified in the first six years (FFY 2014/15 – 2019/20) of the long-range 2012 Regional Transportation Plan. Federal regulations require SCAG to determine the FTIP: 1) conforms to the adopted air plans in the region; 2) is financially constrained; and 3) affirms project commitments. The attached resolution must be included in the 2015 FTIP update to certify the Riverside County portion of the FTIP is financially constrained and to affirm the commitment to implement the projects. Financial constraint and project commitment is defined as follows: 1.Financial Constraint: The Commission must certify the Riverside County Transportation Improvement Program is financially constrained (projects are not programmed in excess of fund levels) and the funding may be reasonably expected to carry out the program. Agenda Item 8F 99 2.Project Commitment: The Commission must affirm that its highest priorities for funding are the projects in the 2015 FTIP. The affirmation is specifically targeted to enforceable Transportation Control Measures (TCM). TCM are strategies/projects employed to reduce emissions from on-road mobile sources. Over the past three months, staff reviewed projects submitted by Caltrans, local agencies, and transit operators (sponsor agencies) in Riverside County. The review exercise resulted in concurrence by the sponsor agencies and staff, to include federally funded, state funded, and locally funded projects that are regionally significant, including freeways, state highways, principal arterials and major arterials, routes that provide access to major activity centers, goods movement routes, intermodal facilities, and fixed transit routes. Projects that have completed construction were identified and removed from the 2015 FTIP, while other projects were added, deleted, or modified at the request of project sponsors. All project programming was reviewed to ensure each project clearly identified funding sources and schedule and was accomplished with the concurrence of each project sponsor. The end result is that Riverside County is submitting a list of 382 projects totaling $5.6 billion that conform to the adopted air quality plans in the region, are financially constrained, and affirm project commitment and implementation of TCM. There are 20 TCM projects in the 2015 FTIP with completion dates ranging from December 2014 to December 2020 at an estimated cost of $2.05 billion (36.6 percent of the total 2015 FTIP cost). The 2015 FTIP Update is scheduled for approval by the SCAG Regional Council by September 2014. SCAG subsequently will pursue the necessary state and federal approvals for the 2015 FTIP. These approvals are anticipated to occur by early December 2014. Attachments: 1)Resolution No. 14-013 2)2015 FTIP Funding Summary – FFY 2014/15 – FFY 2019/20 3)TCM Project Categories Agenda Item 8F 100 RESOLUTION NO. 14-013 RESOLUTION OF THE RIVERSIDE COUNTY TRANSPORTATION COMMISSION CERTIFYING THAT RIVERSIDE COUNTY HAS RESOURCES TO FUND PROJECTS IN FEDERAL FISCAL YEARS 2014/15 THROUGH 2019/20 TRANSPORTATION IMPROVEMENT PROGRAM AND AFFIRMING COMMITMENT TO IMPLEMENT ALL PROJECTS IN THE PROGRAM WHEREAS, Riverside County is located within the metropolitan planning boundaries of the Southern California Association of Governments (SCAG); and WHEREAS, the Moving Ahead for Progress in the 21st Century (MAP-21) requires SCAG to adopt a regional transportation improvement program for the metropolitan area; and WHEREAS, the MAP-21 also requires that the regional transportation improvement program include a financial plan that demonstrates how the transportation improvement program can be implemented; and WHEREAS, the Riverside County Transportation Commission (RCTC) is the agency responsible for short-range capital and service planning and programming for the Riverside County area within SCAG; and WHEREAS, as the responsible agency for short-range transportation planning, the RCTC is responsible for developing the Riverside County Transportation Improvement Program (TIP), including all projects utilizing federal and state highway and transit funds; and WHEREAS, the RCTC must determine, on an annual basis, the total amount of funds that could be available for transportation projects within its boundaries; and WHEREAS, the RCTC has adopted the FFY 2014/15 through FFY 2019/20 Riverside County TIP with funding for FFY 2014/15 and FFY 2015/16 available and committed, and reasonably committed for FFY 2016/17 through FFY 2019/2020. NOW, THEREFORE, BE IT RESOLVED by the RCTC that it affirms its continuing commitment to the projects in the FFY 2014/15 through FFY 2019/20 Riverside County TIP; and BE IT FURTHER RESOLVED, that the FFY 2014/15 through FFY 2019/20 Riverside County TIP Financial Plan identifies the resources that are available and committed in the first two years and reasonably available to carry out the program in the last four years, and certifies that: 1.Projects in the FFY 2014/15 through FFY 2019/20 Riverside County TIP are consistent with the proposed 2014 State Transportation Improvement Program scheduled to be approved by the California Transportation Commission in March 2014; and 101 ATTACHMENT 1 2.All of the projects in the Riverside County TIP have complete funding identified in the Program. 3.Riverside County has the funding capacity in its county Surface Transportation Program (STP) and Congestion Mitigation and Air Quality Program (CMAQ) allocation to fund all of the projects in the FFY 2014/15 through FFY 2019/20 Riverside County TIP, and 4.The local match for projects funded with federal STP and CMAQ program funds is identified in the TIP, 5.All the Federal Transit Administration funded projects are programmed within MAP-21 Guaranteed Funding Levels. APPROVED AND ADOPTED this 12th day of March, 2014. __________________________________________ Marion Ashley, Chair Riverside County Transportation Commission ATTEST: _____________________________________ Jennifer Harmon, Clerk of the Board Riverside County Transportation Commission 102 Fund Summary (options) 2015 FTIP (FY 2014/2015 - FY 2019/2020) Local Highway, State Highway, Transit County Approved Cost in Thousands RiversideCounty Prior 2014/2015 2015/2016 2016/2017 2017/2018 2018/2019 2019/2020 Total Local ADCONST LOCAL - ADVANCED CONSTRUCTION AGENCY AGENCY 1,097,467 45,851 134,264 392,006 208,481 137,224 126,412 1,044,238 BONDL BONDS - LOCAL 14,495 50,000 224,500 323,500 910,000 200,000 150,000 1,858,000 CITY CITY FUNDS 315,055 116,224 223,210 41,328 122,494 57,384 140,925 701,565 CO COUNTY 132,847 66,357 520 35,000 14,091 115,968 DEV FEE DEVELOPER FEES 17,987 20,052 58,078 115,685 96,685 111,000 401,500 ERVTUMF EASTERN RIV TUMF 34,602 3,208 3,000 11,850 39,750 57,808 FARE FARE REVENUE 41,404 LTF LOCAL TRANS FUNDS 147,362 PVT PRIVATE FUNDS 7,868 500 2,000 2,500 RED REDEVELOPMENT FUNDS 18,812 TDA4 TDA ARTICLE #4 7,485 WRVTUMF WESTERN RIV TUMF 179,795 55,373 101,802 29,800 90,000 25,600 40,400 342,975 XRIV RIV CO SALES TAX 249,410 66,208 48,836 47,920 141,225 37,036 35,000 376,225 SubTotal Local 2,264,589 420,065 794,918 988,239 1,596,826 568,244 532,487 4,900,779 State AB2766 STATE AB2766 92 577 577 CMIA CORRIDOR MOBILITY PROGRAM 195,977 GRV-NH NATIONAL HIGHWAY SYSTEM (GARVEE) 264,449 26,660 26,660 GRV-STP SURFACE TRANS PROG - GARVEE 240,000 LBSRA LOCAL BRIDGE SEISMIC RETROFIT ACCOUNT 208 157 57 126 4,221 4,561 NH-IIP NATIONAL HWY SYSTEM - IIP 40,638 NH-RIP NATIONAL HWY SYSTEM - RIP 58,187 PTMISEA PUBLIC TRANS MODERINAZATION IMP AND SERV. ENHANCEMENT ACCT. 58,433 SHOPPAC SHOPP - ADVANCE CONSTRUCTION 57,229 8,391 32,453 40,844 SHPACMIN SHOPP ADVANCE CONSTRUCTION (AC) - CT MINOR 628 470 530 1,000 SLP STATE LOCAL PARTNER 58,381 STA STATE TRANSIT ASSIST 24,243 2,500 2,500 STA-PUC STATE PUC 25,000 10,000 5,000 15,000 STCASHCT STATE CASH - CT MINOR PROGRAM 248 STCASHI STATE CASH - IIP 3,932 STCASHR STATE CASH - RIP 38,928 STCASHS STATE CASH- SHOPP 4,084 STIPACRP STIP ADVANCE CON-RIP 56,000 7,550 97,790 105,340 STPE-I STP ENHANCE-IIP TEA 2,390 STPE-R STP ENHANCE-RIP TEA 1,600 Print Date: 1/7/2014 11:25:20 AM Page: 1 of 3 ATTACHMENT 2 103 Fund Summary (options) 2015 FTIP (FY 2014/2015 - FY 2019/2020) Local Highway, State Highway, Transit County Approved Cost in Thousands RiversideCounty Prior 2014/2015 2015/2016 2016/2017 2017/2018 2018/2019 2019/2020 Total State STP-GR STP-GRANDFATHER RIP 69,610 STP-RIP SURFACE TRANS PROG - RIP 54,348 10 8,965 8,975 TCIF TRADE CORRIDOR PROGRAM 129,155 TCRF TRAFFIC CONGESTION RELIEF 48,974 SubTotal State 1,432,734 46,148 130,400 597 19,091 9,221 205,457 Federal Transit 5307 FTA 5307 UZA FORMULAR 87,057 5307IC INDIO-CATHEDRAL CITY URBANIZED AREA 4,790 5307MT MURRIETA-TEMECULA-MENIFEE URBANIZED AREA 5,370 5307-OP FTA 5307-OPERATING 7,025 5307RS RIVERSIDE/SAN BERNARDINO URBANIZED AREA 6,736 5307-TR FTA 5307 (FHWA TRANSFER FUNDS)32,091 5308 CLEAN FUEL FORMULA 7,318 5309a FTA 5309(a) GUIDEWY 10,867 5309b FTA 5309(b) NEW RAIL 75,000 5309c FTA 5309(c) BUS 12,723 5310 FTA 5310 ELD AND DISABI 3,495 5311 FTA 5311 NON-UZA 2,633 5316 FTA 5316 JOB ACCESS PROGRAM 2,700 987 987 5317 FTA 5317 NEW FREEDOM PROGRAM 1,657 461 461 AR-5307 ARRA - FTA 5307 13,440 AR-5311 ARRA - FTA 5311 50 S-PARK STATE PARK FUNDS 46 SubTotal Federal Transit 272,998 1,448 1,448 Federal Highway 1112 RECREATIONAL TRAILS 339 2006EAR FFY 2006 APPROPRIATIONS EARMARKS 4,229 2009EAR FFY 2009 Appropriations Earmarks 1,330 2010EAR FFY 2010 APPROPRIATIONS EARMARKS 674 AR-RSTP ARRA - REGIONAL SURFACE TRANSPORTATION PROGRAM 10,415 CMAQ CMAQ 172,646 18,173 25,111 26,800 70,084 DEMOSTL DEMO-SAFETEA-LU 27,389 1,440 1,440 2,880 DEMOT21 DEMO - TEA 21 9,476 FLH FEDERAL LANDS HIGHWAYS PROGRAM 10,298 HBRR-L BRIDGE - LOCAL 46,138 3,192 14,762 4,614 38,413 322,250 383,231 IM INTERSTATE MAINTENANC 238 238 Print Date: 1/7/2014 11:25:20 AM Page: 2 of 3 104 Fund Summary (options) 2015 FTIP (FY 2014/2015 - FY 2019/2020) Local Highway, State Highway, Transit County Approved Cost in Thousands RiversideCounty Prior 2014/2015 2015/2016 2016/2017 2017/2018 2018/2019 2019/2020 Total Federal Highway PLH PUBLIC LAND HWYS 631 PNRS PROJECTS OF NATIONAL AND REGIONAL SIGNIFICANCE 22,750 SCE129 SECTION 129 - SURFACE TRANSPORTATION PRIORITIES 2,861 SEC125 Section 125 - Surface Transportation Priorities 1,425 STP SURFACE TRANS PROG 2,425 1,739 1,739 STP4818 SURFACE TRANS PROG - HR4818 2,222 STPL STP LOCAL 147,391 26,264 24,524 8,375 1,275 146 60,584 SubTotal Federal Highway 462,639 49,307 67,576 39,789 39,688 322,396 518,756 Innovative Finance TIFIA TRANSPORTATION INFRASTRUCTURE FINANCE & INNOVATION ACT 421,054 SubTotal Innovative Finance 421,054 County Total Riverside 4,854,014 516,968 992,894 1,028,625 1,655,605 899,861 532,487 5,626,440 Print Date: 1/7/2014 11:25:20 AM Page: 3 of 3 105 BLANK ATTACHMENT 3 106 107 108 BLANK AGENDA ITEM 8G BLANK RIVERSIDE COUNTY TRANSPORTATION COMMISSION DATE: March 12, 2014 TO: Riverside County Transportation Commission FROM: Budget and Implementation Committee Grace Alvarez, Planning and Programming Manager Theresia Trevino, Chief Financial Officer THROUGH: Anne Mayer, Executive Director SUBJECT: 2009 Measure A Maintenance of Effort Base Year Adjustment for City of Wildomar BUDGET AND IMPLEMENTATION COMMITTEE AND STAFF RECOMMENDATION: This item is for the Commission to approve the adjustment to the city of Wildomar’s (Wildomar) 2009 Measure A Maintenance of Effort (MOE) base year. BACKGROUND INFORMATION: Measure A imposes several requirements on local agencies in order to receive local streets and roads funds. The 2009 Measure A ordinance continued the requirement for local agencies to maintain the current commitment of local discretionary expenditures, such as the general fund toward transportation construction and maintenance activities. This requirement is to ensure Measure A funds supplement current expenditures, not supplant. In accordance with the 2009 Measure A ordinance, if local agencies do not meet the respective MOE base year level in a given year, Measure A Local Streets and Roads disbursements will be withheld the following year. As a newly incorporated city, Wildomar submitted the MOE base year level in 2013, based on the MOE guidelines that state a newly incorporated city determines its respective MOE base year levels after the third year of incorporation. For Wildomar, the third year after incorporation was FY 2011/12. At its July 2013 meeting, the Commission approved Wildomar’s Measure A MOE base of $22,100. Wildomar is requesting an adjustment to its base year level from $22,100 to $0. The request is based on the fact that the MOE FY 2011/12 base year included electrical charges for street lighting that were erroneously coded to the general fund when these should have been coded and paid out of the gas tax fund. Wildomar corrected the FY 2011/12 charges through a prior year period adjustment, as reflected in Wildomar’s FY 2012/13 audited financial statements. Therefore, there are no general fund expenditures for transportation-related construction and maintenance activities in FY 2011/12, resulting in a revision to the Measure A MOE base year of $0. Agenda Item 8G 109 Staff supports Wildomar’s request to adjust its 2009 Measure A MOE base year FY 2011/12 to $0, as it is consistent with the MOE guidelines. Additionally, this appears reasonable given the fact prior to the incorporation of Wildomar, the Riverside County had no general fund expenditures. As a newly incorporated city, Wildomar will continue the same practice with an MOE of $0. There is no financial impact to the Commission related to the adjustment of Wildomar’s 2009 Measure A MOE base year. Attachment: City of Wildomar Restatement of FY 2011/12 MOE Agenda Item 8G 110 Marsha Swanson, Mayor Ben Benoit, Mayor Pro Tern Bob Cashman, Council Member Bridgette Moore, Council Member Timothy Walker, Council Member December 17, 2013 Theresia Trevino Riverside County Transportation Commission P.O. Box 12008 Riverside CA 92502 4080 Lemon Street, 3rd Floor Riverside, CA. 92501 fo)~ ©~a W@:fm I~\ DEC 19 2013 w r. RIVERSIDE COUNTY ! RANSPORiATION COMMISSION RE: City of Wildomar's Restatement of 2012/ 13 Maintenance of Effort Dear Mrs. Trevino, The City ofWildomar is submitting the attached restated 2012/13 Maintenance of Effort (MOE) spreadsheet and backup for your review and comment. In June of 2013, the City had discussed with RCTC via e-mail our intent to restate the City's Base Year MOE. We are doing so after the FY 12/13 financial statements have been restated for public record. Our prior 2011/2012 base year MOE spreadsheet included $22,100 general fund expenditure for street lighting electrical charges. It was determined that these expenditures were miscoded and the backup provided shows that there were no general fund expenditures for transportation related construction and maintenance activities in the reporting FY. The backup provided is a prior period adjustment which now shows the $22,099.82 FY 2012/ 13 expenditure as a gas tax expenditure. Please feel free to contact me if you have any questions or need further backup. I can be reached at 951-677-77 51 ext. 208 or by e-mail mbennett@cityofwildomar.org. Sincerely, ~~ Matt Bennett Deputy City Engineer Enclosures: FY 2012/13 MOE FY 2011/12 MOE Prior Period Adjustment Backup June 4, 2013 e-mail (re. City ofWildomar MOE Restatement) 111 BLANK FY 2012/13 Construction and Maintenance Expenditures (Round to nearest dollar) Project Expenditures Included In General Ledger Total Cost General Fund Construction: CLINTON KEITH/ 1-15 BUNDY CANYON I scon ROAD WIDENING SAFE SIDEWALKS TO SCHOOLS PHASE I SAFE SIDEWALKS TO SCHOOLS PHASE II GRAND AVE. SIDEWALK HIDDEN SPRINGS/ CLINTON KEITH RD TRAFFIC SIGNAL PALOMAR STREET CLINTON KEITH WIDENING COTIONWOOD/ LOST ROAD DRAINAGE $ Maintenance: STREET MAINTENANCE CONTRACTOR TRAFFIC SIGNAL MAINTENANCE+ ELECTRICITY ACCESSIBILITY IMPROVEMENTS $ ROADWAY SAFETY IMPROVEMENTS $ SLURRY SEAL PROGRAM $ UNPAVED ROADWAY $ CITYWIDE MAINTENANCE PROGRAM $ STREET LIGHTS Englnttrlng/Admlnlstrathle Overhead Not Allocated to Specific Prolects: PUBLIC WORKS ADMINISTRATION $ OTHER (MISC ADMIN, TRAFFIC COUNTS, TLMA SLF) reTotels $ -$ -$ Deductions for Special Consideration (Deductions Must Also Be Included In Project Expenditures Above): Total Project Cost General Fund Construction: Maintenance: Englnttrlng/Admlnlstrathle Overhead Not Allocated to Specific Projects: ·-rot111 'oalGF $ Funding Breakdown Meas A Federal State •• City Funds ••• $ $ $ 101,339.00 $ 75,777.00 $ 14,916.00 $ 11,962 .00 $ $ 11,596.00 $ $ 15,311.00 236,172.00 13,586.00 $ 2,041.00 41,312 .00 $ 61,322.00 21,301.00 339,278.00 $ -$ 206,035.00 $ 61,322.00 $ State Reason Why Project Expenditure Should Be Deducted from MOE •OTHER COLUMN INCLUDES GAS TAX EXPENDITURES ••STATE FUNDS INCLUDE TOA, SR2S, AQMD •••C ITY FUNDS INCLUDE LLM&D, CSA's Other• 447,305.00 53,668.00 3,577.00 28,915.00 261,218.00 40,559.00 835,242.00 112 FY 2011/12 Construction and Maintenance Expenditures (Round to nearest dollar} Pro)ect Expenditures Included In General Ledger Total Cost Construction: BUNDY CANYON IMPROVEMENTS CLINTON KEITH/ 1-lS BUNDY CANYON /SCOTT ROAD SAFE SIDEWALKS TO SCHOOLS PHASE I SAFE SIDEWALKS TO SCHOOLS PHASE II LED LIGHT REPLACEMENT HIDDEN SPRINGS/ CLINTON KEITH RO TRAFFIC SIGNAL Maintenance: STREET MAINTENANCE CONTRACTOR TRAFFIC SIGNAL MAINTENANCE + ELECTRIOTY ACCESSIBILITY IMPROVEMENTS ROADWAY SAFETY IMPROVEMENTS SLURRY SEAL PROGRAM UNPAVED ROADWAY CITYWIDE MAINTENANCE PROGRAM STREET LIGHTS $ General Fund Meas A $ $ 22,890.00 $ $ $ 22,100.00 ~~~::!:~==;· ··,:~:~:· . . .r:~;;::::;·- ··;::=mr~--- ::::ft .,;.;:;:;~. ·:~m;:. .~:::::::::.:•. 'i:~::o·::::~~~~:~'· ·::§~~:·.-~:;~~~=~==;· :.;.;.;.;.·· ~:::::::: .. ~~~- Funding Breakdown Federa l I State•• I City Funds••• I Other• $ 97,0S5.00 $ 32,754.00 $ 370.00 $ 294,655 .00 $ 11,321.00 $ 128,833.00 $ 2,726.00 $ 261,218.00 $ 40,559.00 $ 2,041.00 $ 61,322.00 .:.-;::~~~~~;:;:~.- ::\1[;,_ .,,,;;;I%i\m:.'W=· I I I I I Englnttr/ng/Admlnlstratlve Overflrod Nat Allocatrd ta Sprclfk Prolects: =tiJ~:'.'.'"~J:i!:;11!;fo:::::,,,.:=~~1;. Deductions for Speclal Consideration (Deductions Must Also Be Included In Project Expenditures Above): Construction: Malntrnance: Englnttrlng/Admlnlstratlve Ovrrllrod Not Allocotrd ta Sprclfk Prolects : .,~~~~~~;=:=~~?====- ·:=·· Total Project Cost MOE._Ye•r General Fund ~ 22,100.00 State Reason Why Project Expenditu re Should Be Deducted from MOE •OTHER COLUMN INCLUDES GAS TAX EXPENDITURES ••STATE FUNDS INCLUDE TOA, SR2S, AQMD ••• CITY FUNDS INCLUDE LLM&D, CSA's 113 expdetl.rpt 1211212013 8:07PM Periods:Othrough14 100 General Fund Account Number 100-450 Public Works/Engineering 1D~H50-4500 Public Works 100-450-4500-58900 Prior Period Adiustment 6/3012013 genjrnl GJ GJ13-12A 6/30/2013 genjrnl GJ GJ13-12AK 100-450-4500-58900 Prior Period Adjustment Total Public Works/Engineering 100-460 Public Safety 100-460-4 700 Police 100-460-4 700-58900 Prior Period Adjustment 613012013 genjrnl GJ GJ13-12D 6/30/2013 genjrnl GJ GJ13-12D 100-460-4700-58900 Prior Period Adjustment Total Public Safety Total General Fund ~VP;"\{ ,,.,,.-· Expenditure Detail Report City of Wildomar 07/01/2012 through 06/30/2013 Year-to-date Year-to-date Adjusted Appropriation Expenditures Expenditures Encumbrances 0.00 0.00 -22.099.82 18,193.93 0.00 -3,905.89 0.00 -3,905.89 0.00 0.00 -171,920.89 171,920.89 0.00 0.00 0.00 0.00 0.00 -3.905.89 f, ~-~ ·--, -' r ... c' 0.00 -3,905.89 -3,905.89 0.00 0.00 0.00 -3.905.89 (: }< ···,,' 0.00 0.00 0.00 0.00 0.00 0.00 0.00 '"' ! Page: 1 Prct Balance Used ---- 0.00 0.00 3,905.89 0.00 3.905.89 0.00 0.00 0.00 0.00 0.00 0.00 0.00 3.905.89 0.00 Page: 114 expdet I, rpt 12/12/2013 8:07PM Periods: O through 14 200 Gas Tax Account Number 200-450 Public Works/Engineering 200-450-4500 Public Works 200-450-4500-58900 Prior Period Adiustment 6130/2013 genjrnl GJ GJ13·12A 6/30/2013 genjrnl GJ GJ13-12AK 200-450-4500-58900 Prior Period Adjustment Total Gas Tax Grand Total \1\Y ;, L : r· \ ... " .J \ ': \ \ \:··-:<:" Expenditure Detail Report City of Wildomar 07/01/2012 through 06/3012013 Adjusted Appropriation Expenditures 0.00 0.00 22.099.82 117,989.17 0.00 140,088.99 0.00 140,088.99 0.00 136.183.10 Oi::: r .,-._-/ (J --i ·..-: ~~/ ~· Year-to-date Expenditures 0.00 140,088.99 140,088.99 136.183.10 ,.. . ·~.: Year-to-date Encumbrances ' :.t 0.00 0.00 0.00 0.00 ::) Page: 2 Prct Balance Used --- 0.00 0.00 -140,088.99 0.00 -140.088.99 0.00 -135. ~83. 10 0.00 i. Page: 2 115 expdetl.rpt 12/11/2013 3:16PM Periods: O through 14 100 General Fund Account Number 100-450 Public Works/Engineering 100-450-4500 Public Works 100-450-4500-53025 Electricity 7/31/2011 genjrnl GJ GJ12-01C 7/31/2011 genjrnl GJ GJ12-01C 7/31/2011 invoice IN 8511 7/31/2011 invoice IN 71611 8/31 /2011 invoice IN 81611 9/30/2011 invoice IN 9311 9/30/2011 invoice IN 10511 9/30/2011 invoice IN 91511 10/31/2011 invoice IN 101811 10/31 /2011 invoice IN 11511 11/30/2011 invoice IN 111711 11/30/2011 invoice IN 12811 12/31 /2011 invoice IN 1712 12/31/2011 budadj BA BA12-06A 12/31 /2011 invoice IN 121711 1/31/2012 invoice IN 2712 1/31/2012 invoice IN 11812 2/29/2012 invoice IN 21612 2/29/2012 invoice IN 3812 3/31 /2012 invoice IN 31712 3/31/2012 invoice IN 4612 4/30/2012 invoice IN 41712 4/30/2012 invoice IN 5512 5/31/2012 invoice IN 6612 5/31/2012 invoice IN 51612 6/30/2012 invoice IN 71712 6/30/2012 invoice IN 7612 6/30/2012 invoice IN 61512 100-450-4500-53025 Electricity Total General Fund Expenditure Detail Report Page: 1 City of Wildomar 07/01/2011 through 06/30/2012 Adjusted Year-to-date Year-to-date Prct Appropriation Expenditures Expenditures Encumbrances Balance Used 0.00 0.00 0.00 0.00 0.00 0.00 -354.56 -1, 127.92 375.99 1,416.46 1,418.23 376.00 375.98 1,399.06 1,457.15 376.31 1,691.32 376.30 376.30 24,800.00 1,550.54 369.66 1,534.41 1,562.12 369.66 1,575.86 369.66 1,507.61 369.66 369.66 1,466.36 1,194.24 371.19 1,332.57 24,800.00 22,099.82 22,099.82 0.00 2,700.18 89.11 24,800.00 22,099.82 22,099.82 0.00 2.700.18 89.11 Page: 1 116 expdetl.rpt 12/11/2013 3:16PM Periods: 0 through 14 Grand Total Expenditure Detail Report City of Wildomar 07/01/2011 through 06/30/2012 24,800.00 22,099.82 Page: 2 22,099.82 0.00 2,700.18 89.11 Page: 2 117 . expdetl.rpt 12/11/2013 3:20PM Periods: 0 through 14 100 General Fund Account Number 100-450 Public Works/Engineering 100-450-4500 Public Works 100-450-4500-53025 Electricity 7/31/2012 invoice IN 8412,8412A,8212 8/31/2012 invoice IN 9512 8/31/2012 invoice IN 81512 9/30/2012 invoice IN 91412 9/30/2012 invoice CM 11612 10/31/2012 invoice IN 101712 10/31/2012 invoice IN 10412 10/31/2012 invoice IN 11612 11 /30/2012 invoice IN 111612 11/30/2012 invoice IN 12712 12/31 /2012 invoice IN 121712 12/31/2012 invoice IN 18138 1/31/2013 invoice IN 11713 2/28/2013 invoice IN 26138 2/28/2013 invoice IN 21513 3/13/2013 invoice IN 3813C 3/31 /2013 invoice IN 31913 3/31/2013 budadj BA BA13-09A 4/11/2013 invoice IN 4613C 4/30/2013 invoice IN 41713 5/9/2013 invoice IN 43013 5/31/2013 genjrnl GJ GJ13-11B 5/31/2013 invoice IN 50713C 100-450-4500-53025 Electricity Total General Fund Grand Total Expenditure Detail Report City of Wildomar 07/01/2012 through 06/30/2013 Adjusted Appropriation Expenditures 25,000.00 0.00 371.19 369.20 2,604.13 1,322.68 -10,904.28 1,399.96 76.57 76.66 1,446.22 76.66 1,432.45 76.66 1,464.12 80.55 1,526.68 80.55 1,517.03 -20,000.00 80.55 1,398.87 987.03 -5,556.11 72.63 5,000.00 0.00 5,000.00 0.00 5,000.00 0.00 Page: 1 Year-to-date Year-to-date Prct Expenditures Encumbrances Balance Used 0.00 0.00 25,000.00 0.00 0.00 0.00 5,000.00 0.00 0.00 0.00 5,000.00 0.00 0.00 0.00 5,000.00 0.00 Page: 1 118 BLANK Dan York From: ,Sent: 'To: Cc: Subject: Attachments: Dan York Tuesday, June 04, 2013 12:14 PM 'Eric DeHate'; Timothy Dzmura; Misty Cheng Grace Alvarez; Theresia Trevino; Shirley Medina RE: General Fund Expenditures for MOE Certification 2009 MOE Template-FY11-12.rev1.xls Eric, attached as requested is Rev 1 to the MOE Base Year. Added was fund account 100-450-4500-53025 Electricity in the amount of $22,100. The City has found these expenditures were mis-coded for street light electricity. I understand once the City restates the public record by moving these FY 2011/12 expenses to Gas Tax from General Fund, the City's Base Year MOE will be reduced to $0. What date will you need the restatement? Daniel A. York City Engineer City of Wildomar 23873 Clinton Keith Road Suite 201 Wildomar CA 92595 951.677-7751 951.698.1463 (Fax) 8:00 a.m. -5:00 p.m. Closed Fridays From: Eric DeHate [mailto:EDeHate@RCTC.org] Sent: Thursday, May 30, 2013 10:27 AM To: Timothy Dzmura Cc: Grace Alvarez; Dan York; Theresia Trevino; Shirley Medina SUbjec:t: RE: General Fund Expenditures for MOE Certification Tnn, I spoke to Theresia about the General Fund expenditures submitted. She asked if the City of Wildomar could re-submit the MOE spreadsheet including the General fund expenditures for Streetlight electricity to be part of the MOE base year for FYll/12. She stated that after FY 12/13 closes, the City of Wildomar could petition the Base Year MOE after the Financial statements were restated for public record and RCTC was able to review the restated financials. Then the MOE base year General Fund expenditures could be reduced to $0. Eric DeHate Programming Staff Analyst Riverside County Transportation Commission 951-778-1095 From: Timothy Dzmura [mallto:tcjzmura@cltyofwlldomar.org] (, 'Jlent: Monday, May 20, 2013 10:44 AM -'To: Eric DeHate 1 119 CC: Grace Alvarez SUbject: RE: General Fund Expenditures for MOE Certific.ation HI Eric, Here is the short answer after we researched your question ... The charges were mis-coded and will be transferred to Gas Tax for this year and all prior years. All prior year adjustments will take time but will be complete before the FY ends. Therefore, there will be zero general fund related to maintenance of the city's street system. So ... the City greatly appreciates your "catch" of this issue. Finance continues to refine the accounting system in the City, no fault of theirs, having just recently implemented a new system -Eden. l>tease let me know if this answers your~- Tim Tim D'Zmura Director of Public Works City of Wildomar 23873 Clinton Keith Road Suite 201 Wildomar CA 92595 951.677.7751 x211 ( 951.698.1463 (Fax) City Hall Hours: Monday -Thursday 8:00 a.m. -5:00 p.m. Closed Fridays ._.,.,.,.... RKW From: Eric DeHate [JDOllto;EPeHate@RCj"C.org] sent: Tuesday, May 14, 2013 3:26 PM To: Timothy Dzmura Cc: Grace Alvarez SUbject: General Fund Expenditures for MOE Certification Good Afternoon Tim, Grace and I were looking through your packet and saw that the General Fund was paying for electricity for some streetll1hts. Does the General Fund cover any street maintenance (capital or operational), traffic signal or traffic sign costs? Eric DeHate Pro1r1mmlng Staff Analyst 2 120 AGENDA ITEM 8H BLANK RIVERSIDE COUNTY TRANSPORTATION COMMISSION DATE: March 12, 2014 TO: Riverside County Transportation Commission FROM: Western Riverside County Programs and Projects Committee David Thomas, Toll Project Manager THROUGH: Anne Mayer, Executive Director SUBJECT: In-Lieu Fee Agreement with Riverside-Corona Resource Conservation District for Compensatory Mitigation for the State Route 91 Corridor Improvement Project WESTERN RIVERSIDE COUNTY PROGRAMS AND PROJECTS COMMITTEE AND STAFF RECOMMENDATION: This item is for the Commission to: 1)Approve Agreement No. 14-31-077-00 with Riverside-Corona Resource Conservation District (RCRCD) for compensatory mitigation for the State Route 91 Corridor Improvement Project (SR-91 CIP) in the amount of $703,300, plus a contingency amount of $70,000, for a total amount not to exceed $773,300; 2)Authorize the Chair or Executive Director, pursuant to legal counsel review, to execute the agreement on behalf of the Commission; and 3)Authorize the Executive Director to approve contingency work pursuant to the agreement terms up to the total amount. BACKGROUND INFORMATION: Approval to proceed with the SR-91 CIP was granted when the Record of Decision was issued in November 2012 by the California Department of Transportation, the lead agency under both the California Environmental Quality Act and the National Environmental Policy Act. The approved environmental impact report/statement includes a number of mitigation measures for project impacts, including compensatory mitigation for permanent impacts to riverine riparian habitat and oak trees. These compensatory mitigation measures are also conditions in project permits from the U.S. Army Corps of Engineers (USACE), Santa Ana Regional Water Quality Control Board, California Department of Fish and Wildlife, as well as the consistency determination under the Western Riverside County Multi-Species Habitat Program, and the U.S. Fish and Wildlife Service Biological Opinion. Agenda Item 8H 122 Compensatory Mitigation Commitment Compensatory mitigation for activities authorized by USACE permits are governed by regulations issued by USACE and the Environmental Protection Agency. These regulations establish performance standards and criteria for the use of permittee-responsible compensatory mitigation, mitigation banks, and in-lieu fee programs. The RCRCD manages a USACE approved In-Lieu Fee (ILF) program for impacts within the Santa Ana River Watershed. Under the ILF program, RCRCD is authorized to sell mitigation credits for specific impacts resulting from USACE permitted projects. The Commission is required to mitigate for permanent impacts to riverine riparian habitat for the SR-91 CIP. This mitigation commitment can be satisfied by the purchase of three acres of mitigation credits through the RCRCD ILF program. Additionally, project impacts to oak trees can be met by replacement planting at a 3:1 ratio (14 affected trees x 3 = 42 replacement oak trees), also through the RCRCD. Participation in the RCRCD ILF program satisfies the project’s compensatory mitigation requirement. This one-time payment to RCRCD relieves the Commission of any further obligations regarding these resources. RCRCD will assume all responsibility to implement, manage, monitor, and report mitigation progress to the regulatory agencies. RCRCD Fee Structure 1)Deposit: RCRCD requires payment of a $5,000 deposit prior to negotiations with the party requesting mitigation services. This deposit covers administrative and staff time, material, and legal review costs associated with preparation of a conservation agreement. The Commission paid the $5,000 deposit. 2)Mitigation Credit Purchase: RCRCD will rehabilitate three acres of suitable riverine riparian habitat at a cost of $185,000 per acre ($185,000 x 3 = $555,000). RCRCD will plant 42 oak trees on land under its control at a cost of $3,650 per tree ($3,650 x 42 = $153,300). 3)Total Cost: The total cost is $555,000 (three acres of riverine riparian habitat) + $153,300 42 oak trees) = $708,300 (total) - $5,000 (deposit) = $703,300 (mitigation credit purchase). 4)Contingency: Including a contingency amount of $70,000, the total not to exceed amount is $773,300. Staff recommends mitigating for SR-91 CIP permanent impacts to riverine riparian habitat and removal of oak trees by entering into the In-Lieu Fee Agreement for purchase and sale of credits with RCRCD in the amount of $703,300, plus a contingency amount of $70,000, for a total amount not to exceed $773,300. Agenda Item 8H 123 Financial Information In Fiscal Year Budget: Yes N/A Year: FY 2013/14 FY 2014/15+ Amount: $703,300 $ 70,000 Source of Funds: 2009 Measure A Sales Tax Debt Proceeds Budget Adjustment: No N/A GLA No.: 003028 81401 00000 0000 262 31 81301 Fiscal Procedures Approved: Date: 02/13/14 Attachment: Agreement No. 14-31-077-00 with the Riverside-Corona Resource Conservation District In-Lieu Fee Program Agenda Item 8H 124 BLANK 24632.00029\7636514.3 1 AGREEMENT FOR SALE OF CREDITS FROM THE RIVERSIDE-CORONA RESOURCE CONSERVATION DISTRICTIN-LIEU FEE PROGRAM This Agreement is entered into this day of March, 2014, by and between Riverside-Corona Resource Conservation District (“RCRCD”), and the Riverside County Transportation Commission (RCTC) (“Project Proponent”) (individually, a “Party,” and collectively the “Parties”), as follows: RECITALS A. RCRCD has developed the RCRCD In-Lieu Fee Program (the “Program”); and B. The Program was approved by the Los Angeles District of the U.S. Army Corps of Engineers (“USACE”), Region IX of the U.S. Environmental Protection Agency (“USEPA”), and the California Regional Water Quality Control Board, Region 8 (“RWQCB”) (jointly referred to as the Interagency Review Team (the “IRT”)) on July 26, 2012 and is currently in good standing with the IRT; and C. RCRCD has received approval from the IRT to sell Credits from the Program to offset impacts; and D. Project Proponent is seeking to purchase Compensatory Mitigation Credits (“Credits”) from the Program for impacts to the Waters of the U.S. that result from activities authorized under section 404 of the Clean Water Act and/or section 401 Clean Water Act water quality certifications [OR completed enforcement actions under the auspices of section 404 and 401 of the Clean Water Act] (Attach Permit(s) or Enforcement Action as Exhibit “A”). The number of ILF Credits to be acquired by the Project Proponent for theState Route (SR) 91 Corridor ImprovementProject (the “Project”), Assessor’s Parcel Numbers (“APNs”) 102‐050‐005, 102‐091‐004, 102‐091‐005,102‐091‐006, 102‐091‐020, 102‐092‐001, 102‐092‐022, 102‐092‐023, 102‐101‐001, 102‐101‐002, 102‐101‐033, 102‐102‐020, 102‐250‐022, 102‐250‐023, 102‐250‐047, 102‐270‐010, 102‐280‐032, 118‐050‐002, 118‐090‐001, 118‐101‐014, 118‐160‐004, 118‐160‐021, 118‐160‐057, 118‐160‐058, 118‐171‐025, 118‐171‐047, 118‐250‐022, 118‐250‐027, 118‐260‐015, 118‐270‐001, 118‐270‐023, 118‐270‐024, 118‐270‐034, 118‐270‐042, 118‐270‐043, 118‐301‐010, 118‐302‐001, 118‐302‐014, 118‐302‐017, 115‐060‐015, 115‐060‐016, 117‐041‐012, 117‐041‐013, 117‐041‐016, 117‐042‐023, 117‐070‐001, 117‐070‐002, 117‐070‐003, 117‐070‐008, 117‐070‐009, 117‐070‐032, 117‐080‐011, 117‐080‐012, 117‐080‐013, 117‐080‐014, 117‐080‐016, 117‐080‐017, 117‐080‐020, 117‐111‐005, 117‐112‐001, 117‐112‐002, 117‐112‐014, 117‐112‐015, 117‐113‐001, 117‐113‐002, 117‐113‐003, 117‐121‐002, 117‐121‐003, 117‐121‐008, 117‐121‐009, 117‐122‐001, 117‐122‐029, 117‐270‐002, 117‐270‐009, 117‐101‐013, 117‐101‐019, 117‐101‐020, 117‐102‐019 (“Impact Location”) is 3, as 125 24632.00029\7636514.3 2 described in Riparian Bird Conservation Measure #26 of the Biological Opinion FWS- OR/WRIV-08B0733-11F0547; Mitigation Measure 3.2 of the Streambed Alteration Agreement #1600-2011-0098-R6; and in compliance with the Natural Communities Section, No. 6 in the project Final Environmental Document (FED), which requires compensatory mitigation for affected oak trees at a replacement mitigation-to-effect ratio of 3:1. E. USACE is requiring Project Proponent to purchase 3 Rehabilitation Credits and to provide for the planting of 42 oak trees to mitigate for impacts to Waters of the U.S. and oak trees at the Impact Location by the Project, which is described in Exhibit B; and F. Project Proponent desires to purchase from RCRCD and RCRCD desires to sell and convey to Project Proponent, Credits from the Program. NOW, THEREFORE, THE PARTIES AGREE AS FOLLOWS: 1. Subject to the terms and conditions herein, RCRCD agrees to sell to Project Proponent and Project Proponent agrees to purchase from RCRCD three (3) Rehabilitation Credits from the Program and RCRCD agrees to provide for the planting of forty-two (42) oak trees(collectively “Credits”) for the total purchase price of $708,300; however, RCTC has already paid RCRCD a $5,000 deposit that reduced the amount owed to $703,300. The purchase price for said Credits shall be paid by means acceptable to RCRCD. The Parties shall mutually agree to a “Closing Date” by which the Credit sale transaction will be completed, which shall be no later than execution of this agreement. On the Closing Date, RCRCD shall transfer to Project Proponent evidence that the Credits have been allocated to the Project by Bill of Sale in the form attached as Exhibit C, and Project Proponent shall pay the purchase price specified above. 2. In the event Project Proponent has not delivered the Purchase Price to RCRCD on or before the Closing Date, this Agreement shall automatically terminate without need for any further action by RCRCD and neither party shall have any further obligations to the other Party under this Agreement. 3. The sale and transfer herein is not intended as a sale or transfer to Project Proponent of a security, license, lease, easement, or possessory or non-possessory interest in real property, nor the granting of any interest of the foregoing. 4. Project Proponent shall have no obligation whatsoever by reason of the purchase of the Credits, to support, pay, fix, monitor, report on, sustain, continue in perpetuity, or otherwise be obligated or liable for the success or continued expense or maintenance in perpetuity of the mitigation property associated with Credits sold, or the Program. 126 24632.00029\7636514.3 3 5. The Credits herein sold and conveyed to Project Proponent shall be non-transferable and non-assignable, and shall be used as compensatory mitigation only in connection with the Project. 6. All representations, warranties, and covenants embodied in this Agreement shall survive the transfer of the Credits hereunder. 7. RCRCD shall cooperate and assist Project Proponent by providing documentation required by the IRT, and other regulatory agencies to establish that the Credits may be used to compensate for the Project’s impacts described above. RCRCD shall provide USACE with a Statement of Sale of Credit in the form of the attached Exhibit D no later than 30 days after the Closing Date of a successful sale. 8. Any notice or other written communication given pursuant to this Agreement shall be delivered to the other Party by first class U.S. mail, certified or registered U.S. mail or facsimile mail with mailed copy as follows: Project Proponent: Riverside County Transportation Commission (RCTC) 4080 Lemon Street, Third Floor Riverside, CA 92502 Telephone: (obtain) Facsimile: (obtain) RCRCD: Shelli Lamb, District Manager 4500 Glenwood Dr, Bldg A Riverside, CA 92501-3042 Telephone: (951) 683-7691 Facsimile: (951) 683-3814 Copy To: Steve Anderson, General Counsel, RCRCD Best Best & Krieger LLP 3390 University Avenue, 5th Floor Riverside, CA 92501 Telephone: (951) 686-1450 Facsimile: (951) 686-3083 9. Time is of the essence for each and every provision of this Agreement. 10. This Agreement shall be governed by and construed with the laws of the State of California. Venue shall be in Riverside County. 11. If any portion of this Agreement is declared invalid, illegal, or otherwise unenforceable by a court of competent jurisdiction, the remaining provisions shall continue in full force and effect. 127 24632.00029\7636514.3 4 12. This Agreement may be signed in counterparts, each of which shall constitute an original. 13. This Agreement shall be binding on the successors and assigns of the Parties and shall not be assigned by either Party without the prior written consent of the other Party. 14. All rights and obligations hereunder that by their nature are to continue after any expiration or termination of this Agreement shall survive any such expiration or termination. 15. The recitals set forth above are true and correct and are incorporated into this Agreement as though fully set forth herein. 16. No supplement, modification, or amendment of this Agreement shall be binding unless executed in writing and signed by both Parties 17. It is agreed that all understandings and agreements heretofore had between the Parties respecting the transactions contemplated by this Agreement are merged in this Agreement, which fully and completely expresses the agreement of the Parties. There are no representations, warranties, or agreements except as specified and expressly set forth herein, in the exhibits annexed hereto, or to be set forth in the instruments or other documents delivered or to be delivered hereunder. 18. Any corporation signing this Agreement, and each agent, officer, director, or employee signing on behalf of such corporation, but in his or her individual capacity, represents and warrants that said Agreement is duly authorized by and binding upon said corporation, duly adopted by said board of directors and transcribed in full in the minutes of said corporation. Any individual signing this Agreement on behalf of a partnership or business entity other than a corporation represents that such other entity has power and authority to enter into this Agreement, and by such person’s act is bound hereby. IN WITNESS WHEREOF, the Parties have executed this Agreement the day and year first above written, RIVERSIDE COUNTY TRANSPORTATION COMMISSION By: Anne Mayer Executive Director RIVERSIDE-CORONA RESOURCE CONSERVATION DISTRICT By: Signature Name Title 128 24632.00029\7636514.3 5 EXHIBIT A 401, 1600 Streambed Alteration Agreement, and Biological Opinion (404 is in process) 129 BLANK ~ MATTHEW RODRIOUEZl ...............~ SECF4:ET ARY FOR ~ ENVIAONf.lENrAL p~OT~CnON Santa Ana Regional Water Quality Control Board May 22,2013 REC ~1AY ~ j LL \j David Thomas Riverside County Transportation BECHTEllNf .sTRUCTURE Commission CORPORATION 3850 E. Vine Street, Suite 210 Riverside, CA 92507 REVISEDCLEAN WATER ACT SECTION 401 WATER QUALITY STANDARDS CERTIFICATION FOR THE SR-91 CORRIDOR IMPROVEMENT PROJECT, COUNTY OF RIVERSIDE, CALIFORNIA (ACOE REFERENCE NO. NOT AVAILABLE) (SARWQCB PROJECT NO. 332012-27) Dear Mr. Thomas: We received a request on May 21, 2013 from Elvira Gaddi of Parsons Consulting, to revise the May 15, 2013, Clean Water Act Section 401 Water Quality Standards Certification (Certification) for the subject project. We have considered this request, and have revised the Certification accordingly. This amended Certification replaces the Certification for this project dated May 15, 2013. On August 10, 2012, we received an application for Clean Water Act Section 401 Water Quality Standards Certification ("Certification"), from the Riverside County Transportation Commission for a long-term project to increase the traffic carrying capacity of the SR-91 and 1-15 corridor area, in order to more effectively serve existing and future travel demands between and within Riverside and Orange counties. This letter responds to your request for certification that the proposed project, described in your application and summarized below, will comply with State water quality standards outlined in the Water Quality Control Plan for the Santa Ana River Basin (1995) (Basin Plan) and subsequent Basin Plan amendments: Project Description: The SR-91 Corridor Improvement Project (CIP) consists of two phases, the Initial Phase and the Ultimate Project. Project implementation is planned to occur over a twenty (20) year period. The Initial Phase consists of improvements on SR-91 from approximately the Orange/Riverside County line to the 1-15 interchange (a distance of approximately 8 miles) and single lane direct connectors to and from 1-15 south, extending CAROLE H. BESWICK, CHAIR I KUflT V. BERCHTOLD, EXECUTIVE OFFICER 3737 Main St., Suite 500, Riverside, CA 92501 I www.waterboards.ca.gov/santaana Col RECyCLED PAPER 130 David Thomas - 2 -May 22,2013 Riverside County Transportation Commission 401 Certification No. 332012-27 'from SR-91 to the Ontario Avenue interchange (a distance of approximately 3 miles). Project components for the Initial Phase include the construction of two tolled express lanes, one general purpose (GP) lane, and auxiliary lanes along the SR-91. An additional tolled express lane will be constructed along the 1-15 between Ontario Avenue and SR-91. The proposed Ultimate Project (UP) is planned to be constructed by 2035 after the Initial Phase has been completed. The UP would include: improvements along SR 91 from SR-241 to SR-71 with the construction of one GP lane in each direction; improvements on SR-91 from 1-15 to Pierce Street with the construction of one GP lane in each direction; improvements on 1-15 from Ontario Avenue to Cajalco Road with the extension of the tolled express lane access point to Cajalco Road; and, improvements on 1-15 between SR-91 and Hidden Valley Parkway with the construction of direct connectors between SR-91 eastbound to 1-15 northbound and 1-15 southbound to SR-91 westbound. The work will take place within Sections 5, 8, 16, and 17 of Township 4 South, Range 6 West, of the U.S. Geological Survey Corona South quadrangle map (33 0 52' 13.64" N/ 11r 44' 41.63" W). Receiving waters: 27 named and unnamed watercourses tributary to Santa Ana River Reaches 2 and 3, in the area between: Gypsum Canyon Road and SR 91, on the west; Corona Avenue and I-iS, on the nOlih; Pierce Street and SR 91 on the east;' and, Cajalco Road and 1-15 on the south. Named watercourses include: T emescal Ck. Reaches 1 and 2 Wardlow Wash I Fresno Canyon Arlington Valley Channel These watercourses are listed on Table 4. "Description of Activities, Features and Affected Acreages," and shown on the "401 Impacts Exhibit," submitted on February 13, 2013. 131 David Thomas -3-May 22,2013 Riverside County Transportation Commission 401 Certification No. 332012-27 Fill area: Permanent impact to Wetland Habitat 0.27 acre 370 linear feet Temporary impact to Wetland Habitat 0.09 acre 64 linear feet Permanent impact to Streambed Habitat 0.19 acre 964 linear feet Temporary impact to Streambed Habitat 3.34 acre 3,364 linear feet Dredge/Fill volume: N/A Federal permit: U.S. Army Corps of Engineers Nationwide Permit No. 14 You have proposed to mitigate water quality impacts as described in your Certification application. The proposed mitigation is summarized below: Onsite Water Quality Standards Mitigation Proposed: • Standard water quality related best management practices (BMPs) will be employed during construction activities. Offsite Water Quality Standards Mitigation Proposed: • The applicant will acquire mitigation credits from the Santa Ana Watershed Association (SAWA) In-Lieu Fee Program to compensate for the impacts to waters of the U.S. at the following impact-to-mitigation ratios: 0.27 acre of permanent mitigated at 5: 1 1.35 acres impact to wetlands 0.19 of permanent impact mitigated at 3: 1 0.57 acre to non-wetlands 3.43 of temporary impacts mitigated at 1:1 3.34 acres to non-wetlands Should the proposed project impact state-or federally-listed endangered species or their habitat, implementation of measures identified in consultation with U.S. Fish and Wildlife Service and the California Department of Fish and Wildlife will ensure those impacts are mitigated to an acceptable level. Appropriate BMPs will be implemented to reduce construction-related impacts to Waters of the State according to the requirements of Order No. 99-06-DWQ (NPDES Permit No. CAS000003), commonly known as the CalTrans Storm Water Permit, and subsequent iterations thereof. (While the California Department of Transportation (CaITrans) is not the applicant, the project is being built for CalTrans and to their specifications. 132 David Thomas -4-May 22,2013 Riverside County Transportation Commission 401 Certification No. 332012-27 CalTrans' specifications include measures to comply with Order No. 99-06-DWQ.) Upon completion, each phase of the project will be transferred to the CalTrans, which will become responsible for its operation and maintenance (O&M). Future O&M of the project will be conducted according to the requirements of Order No. 99-06-DWQ (NPDES Permit No. CAS000003) and subsequent iterations thereof. Pursuant to California Code of Regulations, Title 14, Chapter 3, Section 15096, as a responsible agency, the Regional Board is required to consider an Environmental Impact Report (EIR) or Negative Declaration prepared by the lead agency in determining whether to approve a Section 401 Certification. A responsible agency has responsibility for mitigating and avoiding only the direct and indirect environmental effects of those parts of the project which it decides to carry out, finance, or approve. Further, the responsible agency must make findings as required by Sections 15091 and, if necessary, 15093, for each and every significant impact of the project. As required by Section 15096, the Regional Board has considered the EIR prepared for the proposed project, and information provided subsequently in the Riverside County Transportation Commission's application, in approving this Certification. Based on the mitigation proposed and the conditions set forth in this Certification, Board staff has concluded that the project's impacts to water quality will be reduced to a less than significant level and beneficial uses will be protected. The Regional Board has independently considered those parts of the project's EIR that are related to the Board's jurisdiction in making this certification, and finds that changes or alterations have been required or incorporated into the proposed project which avoid impacts to water quality or which mitigate impacts to a less than significant level. This 401 Certification is contingent upon the execution of the following conditions: 1) The applicant must comply with the requirements of the applicable Clean Water Act section 404 permit. 2) Proposed mitigation shall be timely implemented. Materials documenting the purchase of necessary mitigation credits shall be provided to this office prior to the discharge of fill to, or the dredging or excavation of material from, waters of the state. 3) All materials generated from construction activities associated with this project shall be managed appropriately. This shall include identifying all potential water pollution sources within the scope of work of this project, and incorporating all necessary pollution prevention BMPs as they relate to each potential pollution source identified. 133 David Thomas - 5 - May 22,2013 Riverside County Transportation Commission 401 Certification No. 332012-27 4) The project proponent shall utilize appropriate BMPs during project construction to minimize the controllable discharges of sediment and other wastes to drainage systems or other waters of the state and of the United States. 5) Substances resulting from project-related activities that could be harmful to aquatic life, including, but not limited to, petroleum lubricants and fuels, cured and uncured cements, epoxies, paints and other protective coating materials, portland cement concrete or asphalt concrete, and washings and cuttings thereof, shall not be discharged to soils or waters of the state. All waste concrete shall be removed. 6) Motorized equipment shall not be maintained or parked within or near any stream crossing, channel or lake margin in such a manner that petroleum products or other pollutants from the equipment may enter these areas under any flow conditions. Vehicles shall not be driven or equipment operated in waters of the state on-site, except as necessary to complete the proposed project. No equipment shall be operated in areas of flowing water. 7) This Water Quality Certification is subject to the acquisition of all local, regional, state, and federal permits and approvals as required by law. Failure to meet any conditions contained herein or any the conditions contained in any other permit or approval issued by the State of California or any subdivision thereof may result in the revocation of this Certification and civil or criminal liability. 8) Best management practices to stabilize disturbed soils must include the use of native plant species whenever feasible. 9) Construction de-watering discharges, including temporary stream diversions necessary for project construction may be regulated under Regional Board Order No. R8-2009-0003, General Waste Discharge Requirements for Discharges to Surface Waters that Pose an Insignificant (De Minimus) Threat to Water Quality. For more information, please review Order No. R8-2009 0003 at www.waterboards.ca.gov/santaana/ 1O)A copy of this Certification and any subsequent amendments must be maintained on site for the duration of work as a denoted element of any project SWPPP orWQMP. 11 )Applicant shall ensure all procedures and policies specified within the project's WQMP shall adequately address any hydraulic conditions of concern generated during and as a result of this project. 134 David Thomas - 6 - May 22,2013 Riverside County Transportation Commission 401 Certification No. 332012-27 12) Applicant shall ensure that all fees associated with this project shall be paid to each respective agency prior to conducting anyon-site construction activities. Under California Water Code, Section 1058, and Pursuant to 23 CCR §3860, the following shall be included as conditions of all water quality certification actions: (a) Every certification action is subject to modification or revocation upon administrative or judicial review, including review and amendment pursuant to Section §13330 of the Water Code and Article 6 (commencing with Section 3867) of this Chapter. (b) Certification is not intended and shall not be construed to apply to any activity involving a hydroelectric facility and requiring a FERC license or an amendment to a FERC license unless the pertinent certification application was filed pursuant to Subsection §3855(b) of this Chapter and that application specifically identified that a FERC license or amendment to a FERC license for a hydroelectric facility was being sought. (c) Certification is conditioned upon total payment of any fee required under this Chapter and owed by the applicant. If the above stated conditions are changed, any of the criteria or conditions as previously described are not met, or new information becomes available that indicates a water quality problem, the Regional Board may require the applicant to submit a report of waste discharge and obtain Waste Discharge Requirements. In the event of any violation or threatened violation of the conditions of this certification, the holder of any permit or license subject to this certification shall be subject to any remedies, penalties, process or sanctions as provided for under state law. For purposes of section 401 (d) of the Clean Water Act, the applicability of any state law authorizing remedies, penalties, process or sanctions for the violation or threatened violation constitutes a limitation necessary to assure compliance with the water quality standards and other pertinent requirements incorporated into this certification. Violations of the conditions of this certification may subject the applicant to civil liability pursuant to Water Code section 13350 and/or 13385. This letter constitutes a Water Quality Standards Certification issued pursuant to Clean Water Act Section 401. I hereby issue an order certifying that any discharge from the referenced project will comply with the applicable provisions of Sections 301 (Effluent Limitations), 302 (Water Quality Related Effluent Limitations), 303 (Water Quality Standards and Implementation Plans), 306 (National Standards of Performance). and 307 (Toxic and Pretreatment Effluent Standards) of the Clean Water Act, and with other applicable requirements of State law. 135 David Thomas - 7 - May 22,2013 Riverside County Transportation Commission 401 Certification No. 332012-27 This discharge is also regulated under State Water Resources Control Board Order No. 2003-0017-DWQ (Order No. 2003-0017- DWQ), "General Waste Discharge Requirements for Dredge and Fill Discharges That Have Received Water Quality Certification" which requires compliance with all conditions of this Water Quality Standards Certification. Order No. 2003-0017-DWQ is available at: www.waterboards.ca.gov/board_decisions/adopted_orders/water_quality/2003/wqo/wqo 2003-0017.pdf Should there be any questions, please contact Marc Brown at (951) 321-4584, or Mark Adelson at (951) 782-3234. Sincereiy, Kurt V. Berchtold Executive Officer Santa Ana Regional Water Quality Control Board cc (via electronic mail): Parsons -Stephanie Blanco, Stepanie.blanco@parsons.com U. S. Army Corps of Engineers, Los Angeles Office -Jason Lambert Department of Fish and Wildlife -Juan J. Lopez-Torres SWRCB, Office of Chief Counsel -David Rice SWRCB, DWQ -Water Quality Certification Unit U.S. EPA -Supervisor of the Wetlands Regulatory Office WTR-8 136 BLANK 137 138 139 140 141 142 143 144 145 146 147 148 149 150 151 152 United States Department of the Interior FISH AND WILDLIFE SERVICE Ecological Services Carlsbad Fish and Wildlife Office 6010 Hidden Valley Road,Suite 101 Carlsbad, California 920 II u.s. FISH 11 WILDLIFE SERVICE ~ In Reply Refer To: FWS-ORJWRIV-08B0733-IIF0547 Mr.Aaron Burton Department of Transportation District 8 Environmental Planning (MS 823) 464 West 4th Street,6th Floor San Bernardino,California 92401-1400 NOV 30 20U Subject:Formal and Streamlined Section 7 Consultation for State Route 91 Corridor Improvement Project,Orange and Riverside Counties,California Dear Mr. Burton: The U.S.Fish and Wildlife Service (Service)received the California Department of Transportation's (Caltrans)request dated June 21,2011,on June 23,2011,to initiate formal consultation for the State Route (SR)91 Corridor Improvement Project (Project).The consultation addresses the effects of the Project on the federally endangered Braunton's milk- vetch (Astragalus brauntonii)and its designated critical habitat,least Bell's vireo (Vireo bellU pusillus,vireo),southwestern willow flycatcher (Empidonax traillii extimus),and Stephens' kangaroo rat (Dipodomys stephensi,SKR);and the federally threatened Santa Ana sucker (Catostomus santaanae)and coastal California gnatcatcher (Polioptila californica californica, gnatcatcher)and its designated critical habitat,in accordance with section 7 of the Endangered Species Act of 1973 (Act),as amended (16 U.S.C.1531 et seq.). The Project is receiving Federal funding through the Federal Highway Administration (FHWA), and Caltrans has assumed FHWA's responsibilities under the Act for this consultation in accordance with Section 6005 of the Safe,Accountable,Flexible,Efficient Transportation Equity Act:A Legacy for Users (SAFETEA-LU)2005,as described in the National Environmental Policy Act Delegation Pilot Program Memorandum of Understanding between FHWA and Caltrans (effective July 1,2007)and codified in 23 U.S.C.327(a)(2)(A). Application for section 404 permits under the Clean Water Act will be necessary for the Project. Caltrans,in concurrence with the U.S.Army Corps of Engineers (Corps),is the responsible lead Federal Agency acting on the Corps'behalf to ensure the impacts associated with the Corps' Federal action are addressed under the Act. On June 22,2004,we issued a section lO(a)(I)(B)permit for the Western Riverside County Multiple Species Habitat Conservation Plan (MSHCP).The MSHCP establishes a multiple 153 Mr. Aaron Burton (FWS-OR/WRIV-08B0733-11F0547) 2 species conservation program in western Riverside County to minimize and mitigate habitat loss and the incidental take of covered species in association with activities covered under the permit. A large portion of the Project is located within the plan area boundary of the MSHCP. As a permittee under the MSHCP, Caltrans received incidental take authorization for Santa Ana sucker, vireo, southwestern willow flycatcher, gnatcatcher, and SKR through their section 10(a)(1)(B) permit for that plan. To extend the take coverage provided to Caltrans via the MSHCP, the proposed action must be consistent with the MSHCP and its associated implementation agreement and permit. A discussion of the Project’s consistency with the MSHCP is discussed in the “Description of the Proposed Action” section below. The Riverside County portion of the Project is also located within the plan area boundary of the Habitat Conservation Plan for the Stephens’ Kangaroo Rat in Western Riverside County, California (March 1996) (SKR HCP). Within this plan area boundary, take of SKR is addressed under the SKR HCP. While neither Caltrans nor FHWA are permittees under the SKR HCP, incidental take coverage provided to the Riverside County Habitat Conservation Agency (RCHCA) by the SKR HCP can be extended to Caltrans acting as the FHWA designee where the proposed action is consistent with the SKR HCP and its associated implementation agreement and permit. A discussion of the Project’s consistency with the SKR HCP is discussed in the “Description of the Proposed Action” section below. This biological opinion is based on information provided in the following documents: Biological Assessment for the SR-91 Corridor Improvement Project (June 2011) (BA); response to Service comments on the BA for the SR-91 Project; MSHCP Consistency Determination for the SR-91 Corridor Improvement Project (April 2011); Supplemental Environmental Assessment and Addendum to Environmental Impact Report 583 for the Santa Ana River Mainstem Project Reach 9, Phase 2A (March 2011); Intra-Service Formal Section 7 Consultation/Conference for Issuance of Endangered Species Act Section 10(a)(1)(B) Permit TE-088609-0 for the Western Riverside County Multiple Species Habitat Conservation Plan dated June 22, 2004 (FWS- WRIV-870.19) (Service 2004); and various other communications between Caltrans, their consulting biologists, and Service. You have determined the Project may affect, but is not likely to adversely affect Braunton’s milk-vetch and its designated critical habitat, southwestern willow flycatcher, and Santa Ana Sucker based on avoidance of occupied habitat and general construction avoidance and minimization measures to avoid indirect effects from construction. Based on the conservation measures to be implemented by Caltrans and Riverside County Transportation Commission (RCTC), we concur with your determination that the Project is not likely to adversely affect the milk-vetch and its designated critical habitat, southwestern willow flycatcher, and Santa Ana Sucker. Therefore, those species are not addressed further in this formal consultation, other than as discussed in the Conservation Measures section. Additionally, you have determined there would be no effect to vireo and SKR in Orange County based on avoidance of occupied habitat and general construction avoidance and minimization measures to avoid indirect effects from construction. Adverse impacts to the gnatcatcher in Orange County will be addressed in the 154 Mr. Aaron Burton (FWS-OR/WRIV-08B0733-11F0547) 3 following biological opinion. Adverse impacts to the gnatcatcher, vireo, and SKR in Riverside County are addressed through compliance with the MSHCP and SKR HCP as discussed below. CONSULTATION HISTORY On February 18, 2011, we provided comments on the draft BA for the Project. On June 23, 2011, we received a letter from Caltrans requesting formal consultation, and on July 19, 2011, we responded to the request and committed to completing the biological opinion by November 5, 2011. Between June 2011 and October 2011, we attended several project status meetings and worked directly with Caltrans and the biological consultant to clarify the project description and impacts to the gnatcatcher and its designated critical habitat. We provided a draft project description to your agency and the RCTC on September 13, 2011. On October 20, 2011, we attended a site visit to clarify impacts and conservation measures. We received information regarding quantification of impacts and additional conservation measures from Caltrans and Chino Hills State Park on October 24 and 28, 2011. BIOLOGICAL OPINION DESCRIPTION OF THE PROPOSED ACTION The proposed action by FHWA is the funding of capacity, operational, and safety improvements along SR-91 and Interstate 15 (I-15). The Project occurs along SR-91 from SR-241 in Anaheim and Yorba Linda to Pierce Street in the city of Riverside, a distance of approximately 14 miles, and on I-15, from the Hidden Valley Parkway interchange to the Cajalco Road interchange, a distance of approximately 6 miles. The Project encompasses a large area and passes through mostly urban settings consisting of residential, industrialized warehouses, and commercial businesses that front the existing freeways. Large undeveloped parcels of land occur at the western end of the Project Biological Study Area1 (BSA), and agricultural fields remain in use along I-15. The BSA supports suitable habitat for a variety of special status animal and plant species largely within or adjacent to an urban environment (see BA figures in Appendix H). The Project will add a general-purpose lane in each direction on SR-91 from the SR-91/SR-241 interchange in Anaheim and Yorba Linda to Pierce Street in Riverside. The existing high- occupancy vehicle lanes on SR-91 between the Orange/Riverside County line and Pierce Street will be converted to tolled express lanes, and an additional tolled express lane in each direction will be constructed to I-15. The existing express lanes in Orange County will also be extended east from the Orange/Riverside County line to I-15 in Corona. A single eastbound SR-91 express lane also will extend past I-15 to McKinley Street and then transition back to a high- occupancy vehicle lane at Pierce Street. 1 The BSA for the Project was determined by incorporating electronic data provided by the design engineer into a geographic information system (GIS) layout, which included areas of potential direct effect. The limits of the BSA were extended 500 feet beyond the expected Project direct effect limits to identify sensitive biological resources within and immediately adjacent to the Project limits to account for indirect effects to those resources. 155 Mr. Aaron Burton (FWS-OR/WRIV-08B0733-11F0547) 4 One tolled express lane also will be added to I-15 in each direction from Cajalco Road to Hidden Valley Parkway, and tolled express lane direct connectors will be constructed from northbound I- 15 to westbound SR-91, from eastbound SR-91 to southbound I-15, from eastbound SR-91 to northbound I-15, and from southbound I-15 to westbound SR-91. Table 1.7 in the BA summarizes existing conditions and potential build-out conditions along SR-91 and I-15. The Project includes ground-disturbing activities (e.g., grading, cutting, filling) and a number of modifications, replacements, or installations of bridges, retaining walls, sound walls, and major drainage structures and culverts. The Project will permanently impact approximately 348 acres (ac) and temporarily impact approximately 155 ac of land supporting the vegetation communities and developed/disturbed areas summarized in Table 1. Construction vehicle access and staging of construction materials will occur within disturbed or developed areas inside the existing Caltrans right-of-way (ROW) or proposed additional ROW. Vehicle access and materials staging during construction of walls outside and adjacent to the ROW will occur in approved designated areas. Equipment maintenance and staging will be in designated areas away from wildlife corridor entrances. All construction vehicle access, materials staging and storage, and other construction activities will occur within the defined disturbance limits for the Project. To the extent feasible, construction activities in biologically sensitive areas, MSHCP Conservation Areas, vegetated drainages, and coastal sage scrub in gnatcatcher critical habitat will be limited to the hours of 7:00 a.m. and 7:00 p.m.; if nighttime work is necessary, the contractor will be required to coordinate with the Service and California Department of Fish and Game (hereafter referred to as the Wildlife Agencies). Additionally, if construction occurs at night, lighting will be directed away from wildlife corridors and other biologically sensitive areas. To the extent feasible, nighttime construction activities will be limited to 1,000 feet (ft) from the Coal Canyon, Fresno Canyon, and Wardlow Wash underpass entrances to avoid adverse lighting and noise impacts to existing wildlife corridors. The Project will undertake a design-build approach to design and construction. The design-build approach integrates final design and construction activities so they occur simultaneously, thereby reducing the time between completion of the environmental process and the start of construction because one contractor is responsible for designing and building the entire project. The design- build process generally provides for flexibility not offered by the traditional process. Ideally, this process should minimize changes to the highway design and result in a shorter construction timeframe. Because the final design is fluid, Project impacts were based on the worst-case scenario to account for all possible impacts to listed species. Bridges The Project will involve modifications or replacement of approximately 24 bridge structures. Most of the bridge work involves widening the bridge structure to accommodate the freeway widening (20 structures). Also eight new bridges will be constructed. Some of the existing bridges that will be widened will also be seismically retrofitted. Bridge construction is summarized in Table 1.1 of the BA (pages 7-8). 156 Mr. Aaron Burton (FWS-OR/WRIV-08B0733-11F0547) 5 Retaining Walls Several retaining walls are required to retain fill or cut slopes along the segments SR-91 and I-15. The approximate wall locations and average heights for project-related retaining walls are listed in Table 1.2 of the BA (pages 8-10). Sound Walls Existing sound walls on the north side of SR-91 near the SR-91/SR-241/Gypsum Canyon Road interchange will remain unchanged. Several new or replacement sound walls on SR-91 and I-15 are summarized in Table 1.3 of the BA (pages 10-12). Major Drainage Facilities Over 100 major drainage structures and numerous inlets and contributory structures, which contribute to the drainage structure (e.g., headwalls, drop structures, pipe inlets outlets) will 157 Mr. Aaron Burton (FWS-OR/WRIV-08B0733-11F0547) 6 either be protected in place, partially abandoned, or extended. The affected drainage/culvert structures and how they will be modified are summarized in Table 1.4 of the BA (pages 12-14). Utilities Several known utility facilities occur within the Project limits. Some existing utility facilities will only require encasement or protection in-place during construction. However, the relocation of some existing utility facilities will be necessary to accommodate new construction. Table 1.5 in the BA (pages 15-17) summarizes the anticipated utility relocations. Soil Balance The Project will alter existing landforms due to grading and cut-and-fill slopes. Grading will be limited and retaining walls will be used in many locations to minimize cut and fill. No permanent, large cut slopes will be required. Areas where the widening will encroach into existing slopes will be accommodated by constructing new retaining walls. The soil and rock material excavated or cut during construction of the SR-91 Project will be used as fill elsewhere in the project construction. Because cut activities are expected to be minimal, up to an additional 748,000 cubic yards of soil material may need to be imported to the Project site in areas needing additional fill material. Landscaping and Irrigation Systems Caltrans Districts 8 and 12 will provide guidance on plant material selection and hardscape elements that consider water use, ease and safety of maintenance, avoidance of nonnative plants, corridor continuity, local cultural integration, and other context-sensitive factors. Planting plans will be included as part of the design-build process that incorporate these elements. For each phase of construction, the needed replacement planting will be under construction within 2 years of acceptance of the highway contract that damaged or removed the existing planting. The planting plan will consist of replacement planting for existing trees, shrubs, and groundcover and/or hydroseed that will be appropriate to the area and enhance the existing native species and plant communities. Irrigation work will consist of new irrigation systems as required for establishment of the replacement planting. Replacement planting will include no less than 3 years of plant establishment. Improvement along I-15 will be constructed in the median. No landscaping or irrigation now exists in the median on I-15 within the Project limits, and none is proposed for this Project. Right-of-Way Acquisition A limited number of areas located outside of the existing ROW may be used as temporary and permanent easements during and after the construction of the Project. A total of 10 temporary construction easements (TCEs) will be needed in the Orange County segment. Of the 10 parcels requiring TCEs, 2 of these parcels will also require permanent easements for continued 158 Mr. Aaron Burton (FWS-OR/WRIV-08B0733-11F0547) 7 maintenance of project improvements. The areas needed for TCEs range from approximately 2,642 square feet (sf) to 27,769 (sf). All temporary and permanent easements are necessary for the construction of Project improvements, including proposed utility relocations and drainage improvements. Railroad A railroad agreement will be negotiated between Caltrans and the Burlington Northern Santa Fe railroad for widening of the West Prado Overhead and to accommodate the SR-91 westbound off-ramp realignment to Green River in Riverside County, including aerial easements over the railroad ROW. Falsework posts will need to be located within the railroad ROW line. The structure type has been configured to minimize the effect on the railroad. Santa Ana River Because the Corps is in the process of relocating the segments of the Santa Ana River (SAR) as part of the unrelated SAR Reach 9 Phase 2B Realignment, the Project will not directly affect the SAR. The SAR Reach 9 Phase 2B Realignment is relocating segments of the SAR far enough away from the existing SR-91 to accommodate the widening of SR-91. However, perennial stream restoration through the Green River Golf Course to reestablish habitat for the Santa Ana sucker to offset adverse impacts from the SAR Reach 9 Phase 2B Realignment project will have been conducted prior to construction of the Project. Caltrans will coordinate with the Corps during construction of the Project to ensure these restoration areas will not be temporarily or permanently impacted during Project construction. Project Phasing The Project will be constructed in several phases over a 20-year period beginning with the Initial Project starting in 2015 and culminating in the Ultimate Project ending in 2035. The proposed phasing plans are based on the anticipated funding. The phasing plans provide for meaningful improvements, with each phase providing additional benefits to travelers on SR-91 and/or I-15. Conservation measures for the entire Project will be implemented with the Initial Project starting in 2015. Table 1.6 in the BA summarizes the conceptual phasing plan and provides detailed descriptions of the Initial Project and Ultimate Project. Action Area According to 50 CFR § 402.02 pursuant to section 7 of the Act, the “action area” means all areas to be affected directly or indirectly by the Federal action and not merely the immediate area involved in the action. Subsequent analyses of the environmental baseline, effects of the action, and levels of incidental take are based upon the action area. For this Project, we have defined the action area to include the 348-ac permanent and 155-ac temporary direct impact areas, and surrounding habitat within about 500 ft (approximately 343 ac) that may be exposed to project- related effects such as increased noise, light, dust levels, and human activity during Project 159 Mr. Aaron Burton (FWS-OR/WRIV-08B0733-11F0547) 8 construction and operation of the facilities (Forman and Deblinger 2000). The action area also includes the approximate 16-ac Chino Hills State Park restoration area in Scully Hill Canyon. General Conservation Measures Caltrans and RCTC have agreed to implement the following conservation measures as part of the proposed action to avoid, minimize, and offset impacts to listed species. 1. Prior to ground disturbing activities, Caltrans will identify an individual as the Designated Biologist2. Caltrans will ensure the Designated Biologist position is always filled for the life of the Project. Over the course of the Project, the Designated Biologist and each successive Designated Biologist (if applicable) will be approved by the Wildlife Agencies. The Designated Biologist will have the authority to ensure compliance with conservation measures and will be the primary agency contact for implementation of these measures. The Designated Biologist will have the authority and responsibility to halt activities that are in violation of the conservation measures. 2. Prior to vegetation clearing or construction, highly visible barriers (e.g., orange construction fencing) will be installed and maintained around areas such as gnatcatcher and Braunton’s milk-vetch designated critical habitat, riparian and riverine communities, and wildlife movement corridors adjacent to the Project footprint to designate Environmentally Sensitive Areas (ESAs) to be avoided. No grading or fill activity of any type will be permitted within these ESAs. In addition, no construction activities, materials, or equipment will be allowed within the ESAs. All construction equipment will be operated to prevent accidental damage to ESAs. No structure of any kind, or incidental storage of equipment or supplies, will be allowed within ESAs. Silt fence barriers will be installed at the ESA boundaries to prevent accidental deposition of fill material in areas where ESAs are immediately adjacent to planned grading activities. 3. To minimize adverse effects from light intrusion from vehicle headlights and the potential threat of increased fires from the operation of SR-91 during final design, Caltrans and RCTC will work with the Service to investigate the possibility of adding features along SR-91 in the vicinity of the Coal Canyon wildlife crossing. For example, consideration will be given to the placement of k-rail, concrete walls, and/or hardscaping barriers along the shoulder of SR-91. In investigating these features, consideration must be given to motorist safety, freeway operations, vehicle headlight mitigation, and the potential fire threat. 4. To minimize adverse effects from dust, the construction contractor will ensure that all active parts of the construction site are watered a minimum of twice daily or more often when 2 A qualified Designated Biologist must have (1) a bachelor’s degree with an emphasis in ecology, natural resource management, or related science; (2) 3 years of experience in field biology or current certification of a nationally recognized biological society, such as The Ecological Society of America or The Wildlife Society; (3) previous experience with applying the terms and conditions of a biological opinion; and (4) the appropriate permit and/or training if conducting focused or protocol surveys for listed species. 160 Mr. Aaron Burton (FWS-OR/WRIV-08B0733-11F0547) 9 needed due to dry or windy conditions to prevent excessive amounts of dust. Additionally, the construction contractor will ensure that all material stockpiled is sufficiently watered or covered to prevent excessive amounts of dust. 5. Erosion and sediment control devices used for the Project, including fiber rolls and bonded fiber matrix, will be made from biodegradable materials such as jute, with no plastic mesh, to avoid creating a wildlife entanglement hazard. 6. All equipment maintenance, staging, and dispensing of fuel, oil, or any other similar activities will occur in developed or designated non-sensitive upland habitat areas. The designated upland areas will be located to prevent any spill runoff from entering waters of the United States. 7. To avoid effects to nesting birds, any native vegetation removal or tree (native or exotic) trimming activities will occur outside of the bird breeding season (i.e., February 15 to September 15). In the event that vegetation clearing is necessary during the nesting season, the Designated Biologist must conduct a preconstruction survey within 300 ft of construction areas, no more than 7 days prior to construction, to identify the locations of nests. Should nesting birds be found, an exclusionary buffer of 300 ft will be established by the Designated Biologist around each nest site. This buffer will be clearly marked in the field by construction personnel under guidance of the Designated Biologist, and construction or clearing will not be conducted within this zone until the Designated Biologist determines that the young have fledged or the nest is no longer active. In the event that construction must occur within the 300 foot buffer, the Designated Biologist will take steps to ensure that construction activities do not disturb or disrupt nesting activities. If the Designated Biologist determines that construction activities are disturbing or disrupting nesting activities, the Designated Biologist will notify the Resident Engineer, who has the authority to halt construction to reduce the noise and/or disturbance to the nests. Responses may include, but is not limited to, turning off vehicle engines and other equipment whenever possible to reduce noise, installing a protective noise barrier between the nest and the construction activities, or working in other areas until the young have fledged. 8. The construction contractor will be required to control noise from construction activity consistent with Caltrans Standard Specifications, Section 14-8.02, “Noise Control,” and the Caltrans Standard Special Provisions S5-310. Noise levels from construction operations within the ROW between the hours of 9:00 p.m. and 6:00 a.m. will not exceed 86 A- weighted decibels (dBA) at a distance of 50 ft. The noise level requirement will apply to the equipment on the job site or related to the job, including, but not limited to trucks, transit mixers, or transient equipment that may or may not be owned by the contractor. 9. In biologically sensitive areas, MSHCP Conservation Areas, vegetated drainages, and coastal sage scrub in designated critical habitat for the gnatcatcher, the construction contractor will be required to control noise from construction activity by using an alternative warning method instead of a sound signal unless required by safety laws. In addition, the contractor 161 Mr. Aaron Burton (FWS-OR/WRIV-08B0733-11F0547) 10 will equip all internal combustion engines with the manufacturer-recommended mufflers and will not operate any internal combustion engine on the job site without the appropriate mufflers. As directed by RCTC, the contractor will implement appropriate additional noise mitigation measures, including changing the location of stationary construction equipment, turning off idling equipment, rescheduling construction activity, notifying adjacent residents in advance of construction work, and installing acoustic barriers around stationary construction noise sources. 10. In accordance with the Municipal Codes of the Cities of Anaheim, Corona, Riverside, and Norco, the construction contractor will be required to limit construction activities to between the hours of 7:00 a.m. and 7:00 p.m., Monday through Friday, excluding weekends and holidays. If construction is needed outside those hours or days, the construction contractor will be required to coordinate with the affected local jurisdiction. If the local jurisdiction approves construction hours that are different from those imposed by this measure, then the construction contractor will immediately request that RCTC consider a modification to this measure in accordance with the California Environmental Quality Act to allow construction during the new hours that the local jurisdiction approved. 11. In major wildlife movement corridors (i.e., Coal Canyon, Wardlow Wash, and Fresno Canyon) and areas adjacent to vireo and gnatcatcher occupied areas (approximately Post Mile (PM) ORA-91-R17.16 to PM ORA-91-R18.74), construction activities will be limited to the hours of 7:00 a.m. and 7:00 p.m., Monday through Friday. Should an exception to this measure be necessary, Caltrans will consult with the Wildlife Agencies to determine effective measures to avoid and minimize adverse impacts to these species and movement corridors. 12. A weed abatement program will be developed to minimize the importation of nonnative plant material during and after construction. In areas near Coal Canyon adjacent to Chino Hills State Park, the weed abatement program will be coordinated with California State Parks personnel. Eradication strategies will be employed should an invasion of nonnative weeds occur. Measures addressing invasive species abatement and eradication will be included in the project design and contract specifications will be implemented and enforced by the construction contractor. At a minimum, this program will include: • During construction, the construction contractor will inspect and clean construction equipment at the beginning and end of each day and prior to transporting equipment from one project location to another. • During construction, soil/gravel/rock will be obtained from weed-free sources. • Only certified weed-free straw, mulch, and/or fiber rolls will be used for erosion control. • After construction, affected areas adjacent to native vegetation will be revegetated with plant species approved by the Designated Biologist that are native to the vicinity. 162 Mr. Aaron Burton (FWS-OR/WRIV-08B0733-11F0547) 11 • After construction, all revegetated areas will avoid the use of species listed in Cal-IPC’s California Invasive Plant Inventory that have a high or moderate rating. • Eradication procedures (e.g., spraying, hand weeding) will be specified should an infestation occur; though herbicide use will be prohibited within and adjacent to native vegetation, except as specifically authorized and monitored by the Caltrans District Biologist. • After construction, revegetation sites will be monitored until achievement of the performance standards included in the weed abatement program or for a period of 2 to 3 years after installation to detect nonnative species prior to the establishment of the native vegetation. Braunton’s Milk-vetch Conservation Measures 13. A pre-construction survey will be conducted prior to ground disturbing activities in the vicinity of the historical occurrence in Coal Canyon. This survey will be conducted during the appropriate time of year to optimize detection by a biologist familiar with the species and having the same qualifications as the Designated Biologist. Santa Ana Sucker Conservation Measures 14. The construction contractor will be required to comply with the provisions of the National Pollutant Discharge Elimination System (NPDES) General Permit for Storm Water Discharges Associated with Construction and Land Disturbance Activities, and any subsequent permit as they relate to construction activities. This compliance includes the submission of the permit registration documents, including a notice of intent, risk assessment, site map, Storm Water Pollution Prevention Plan (SWPPP), annual fee, and signed certification statement to the State Water Resources Control Board (SWRCB) at least 14 days prior to the start of construction. The SWPPP will meet the requirements of the construction general permit and will identify potential pollutant sources associated with construction activities; identify non-storm water discharges; develop a water quality monitoring and sampling plan; and identify, implement, and maintain Best Management Practices (BMPs) to reduce or eliminate pollutants associated with construction. The BMPs identified in the SWPPP will be implemented during construction. A notice of termination will be submitted to the SWRCB at the completion of construction and stabilization of the site. SWRCB Resolution No. 2001-046 requiring sampling and analysis will also be implemented during construction. 15. The construction contractor will be required to comply with SWRCB’s General Waste Discharge Requirements for Discharges to Surface Waters That Pose an Insignificant (De Minimus) Threat to Water Quality (Order No. R8-2009-0003), which includes general waste discharge requirements for discharges to surface waters that pose an insignificant threat to water quality, as they relate to discharge of non-storm water dewatering wastes. This 163 Mr. Aaron Burton (FWS-OR/WRIV-08B0733-11F0547) 12 compliance includes submitting to the Santa Ana Regional Water Quality Control Board (RWQCB) a notice of intent at least 60 days prior to the start of construction, notification of discharge at least 5 days prior to any planned discharges, and monitoring reports by the 30th day of each month following the monitoring period. 16. The construction contractor will be required to follow the procedures outlined in the Caltrans Storm Water Quality Handbooks, Project Planning and Design Guide (March 2007 or subsequent issuance) for implementing Design Pollution Prevention and Treatment BMPs. This requirement includes coordination with the Santa Ana RWQCB with respect to feasibility, maintenance, and monitoring of BMPs as set forth in Caltrans’ Statewide Storm Water Management Plan (May 2003 or subsequent issuance). The RCTC also must comply with other provisions identified in the NPDES Permit, Statewide Storm Water Permit and Waste Discharge Requirements for the State of California, Department of Transportation. Construction equipment and activities will not be allowed to enter or cross the SAR. 17. The Corps is in the process of constructing the SAR Reach 9 Phase 2 Green River Golf Club Embankment Protection Project within the action area. Following completion of the embankment construction, perennial stream habitat for the Santa Ana sucker will be reestablished within the construction footprint. Caltrans will coordinate with the Corps during construction of the Project to ensure these restoration areas will not be temporarily or permanently impacted during Project construction. 18. The 1988 supplemental environmental impact statement for the SAR project required the County of Orange to acquire and manage approximately 1,100 ac of flood plain within Reach 9 to be operated and maintained for open space and wildlife habitat values. The acquisition of these lands, known as the Santa Ana River Canyon Habitat Management Area (HMA), was required to ensure that no changes (e.g., development projects) would take place within the HMA that might affect the releases from Prado Dam during the design flood event and the open-space habitat in the area. Consistent with the requirements of the SAR Project, Caltrans will coordinate with the Corps to ensure that the Project does not affect releases from Prado Dam or result in a permanent reduction of acreage within the HMA. Gnatcatcher Conservation Measures 19. The Designated Biologist will monitor construction within the vicinity of gnatcatcher designated critical habitat areas for the duration of the Project to flush any wildlife species present prior to construction and to ensure that vegetation removal, BMPs, ESAs, and all avoidance and minimization measures are properly implemented and followed. 20. RCTC will offset the permanent loss of 8.42 ac of occupied gnatcatcher habitat in Orange County, including 6.32 ac of designated critical habitat, by restoring 16.03 ac of habitat suitable for gnatcatcher breeding, dispersal, and foraging in Chino Hills State Park. 164 Mr. Aaron Burton (FWS-OR/WRIV-08B0733-11F0547) 13 21. RCTC will offset the temporary loss of 3.01 ac of occupied gnatcatcher habitat in Orange County, including 2.09 ac of designated critical habitat, with in-kind, or better, habitat restoration onsite after the completion of the Project. 22. Prior to initiating Project impacts, a restoration plan will be developed for the permanent and temporary impacts to occupied gnatcatcher habitat, and all designated critical habitat areas. The plan will be submitted to the Service for review and approval. This plan will include, at a minimum, a detailed description of restoration methods, slope stabilization/erosion control, criteria for restoration to be considered successful, and monitoring and reporting protocol(s). The restoration plan will be implemented for a minimum of 5 years, unless success criteria are met earlier and all artificial water has been off for at least 2 years. 23. RCTC will provide appropriate funds, to be maintained in a non-wasting endowment, to Chino Hills State Park to provide for the long-term maintenance and management of the restored areas within the park to support gnatcatcher habitat in perpetuity. 24. Shielded lighting will be used for any nighttime construction adjacent to coastal sage scrub within gnatcatcher designated critical habitat. Riparian Bird Conservation Measures 25. During the bird breeding season (i.e., February 15 to September 15), the Designated Biologist will monitor riparian and riverine areas within 500 ft of active construction areas for the duration of the Project to survey for active nests and/or nesting activity to ensure breeding activities are not disrupted and to ensure vegetation removal, BMPs, ESAs, and all avoidance and minimization measures are properly implemented. 26. To ensure consistency with the MSHCP, prior to beginning construction of the Initial Project, a Habitat Mitigation and Monitoring Plan (HMMP) will be developed in coordination with Caltrans, RCTC, Corps, and Wildlife Agencies that ensures no net loss of riparian/riverine habitat value or acreage in Riverside County. Final details of the HMMP will be evaluated through coordination among the aforementioned agencies. Compensation options for the permanent and temporary impacts include possibly using portions of 800 ac of land in the Upper Prado Basin in Riverside County owned by the Regional Conservation Authority (RCA) that is suitable for restoration and/or enhancement opportunities, or other areas approved by the Wildlife Agencies. The offsite properties will be evaluated to demonstrate they have biologically equivalent or superior resources compared to the Project site. RCTC is in the process of obtaining access and conducting surveys on potential properties that the RCA owns. The HMMP will comply with all terms and conditions set forth in the permits and opinions issued by the Corps and Wildlife Agencies for the Project and will include, at a minimum, the following provisions: • Permanent impacts to riparian/riverine areas will be replaced on or off site at a minimum ratio of 3:1 with in-kind habitat. Temporary impacts to native vegetation will be replaced 165 Mr. Aaron Burton (FWS-OR/WRIV-08B0733-11F0547) 14 at a minimum ratio of 1:1 with in-kind habitat restored in place within the BSA. If offsite restoration is conducted, it will be done within the same watershed as the Project. • The HMMP will identify a success criterion of at least 80 percent cover of native riparian vegetation or composition structure similar to existing adjacent high quality riparian vegetation. • Further criteria specified in the HMMP, at a minimum, will include an establishment period for the replacement habitat, regular trash removal, and regular maintenance and monitoring activities to ensure the success of the restoration. After construction, annual summary reports of biological monitoring will be provided to the Corps and Wildlife Agencies documenting the monitoring effort. The duration of the monitoring and reporting will be established by resource agency permit conditions (i.e., Corps and California Department of Fish and Game). Analysis of the Project in Riverside County The BSA for the Project includes an approximately 5,371-ac area located along SR-91 and I-15 in the Anaheim, Yorba Linda, Corona, and Riverside. Included within the 5,371-ac BSA is a 502-ac impact area where Project construction will occur, the majority of which will take place in previously developed or disturbed areas (440 ac; see Table 1). Along SR-91, the BSA falls within Subunit 1 (SAR/Santa Ana Mountains) and Subunit 2 (Prado Basin) of the Temescal Canyon Area Plan of the MSHCP. In Subunit 1, the BSA occurs within independent Criteria Cells 1702, 1704, and 1706. In Subunit 2, the BSA occurs within Criteria Cell 1612 of Cell Group B, and within independent Criteria Cell 1616. Portions of the BSA also fall within Existing Core A, Proposed Constrained Linkage (PCL) 1, and PCL 2. Along I-15, the BSA falls within Subunit 3 (Temescal Wash West) of the Temescal Canyon Area Plan of the MSHCP and occurs within Criteria Cell 2400 of Cell Group C. In addition to the BSA occurring within the MSHCP Criteria Area and PCLs 1 and 2, the BSA overlaps with the Narrow Endemic Plant Species Survey Area (NEPSSA) 7, Additional Species Survey area for burrowing owl (Athene cunicularia hypugaea), and the SKR HCP. The Project is not located within any other MSHCP-designated survey area for criteria-area plants, mammals, or amphibians. Besides vireo, no other MSHCP designated survey area species were determined to be present within the Project impact area. As designed, the Project will be contained within the least environmentally sensitive location feasible and demonstrates consistency with the biological goals and objectives as set forth in Section 7.5 of the MSHCP, which addresses design guidelines for facilities within the Criteria Area and Public/Quasi Public (PQP) Lands. The Project has or will implement the conditions set forth in Section 7.5 through the design and implementation processes. A small portion of the Project lies within the original PQP designation (8.8 ac), near Prado Basin. However, the RCA is now undergoing a PQP Reconciliation Process to remove the area of the Prado Basin from the PQP layer; therefore, the Project will not affect PQP lands. 166 Mr. Aaron Burton (FWS-OR/WRIV-08B0733-11F0547) 15 Section 7.5.2 articulates guidelines for the siting and design of roadway features to address wildlife movement requirements. As discussed above, the Project crosses areas that are contemplated for MSHCP conservation and wildlife movement (PCL 1 and PCL 2). The Project will maintain culverts and connections under the roadway, thereby continuing the ability of wildlife presently utilizing these corridors to continue to move through the Project area. To accomplish this, the Project will place and/or enhance existing fencing near wildlife corridors to direct wildlife toward culverts and undercrossings and away from SR-91; place vegetative cover and/or natural objects within crossing facilities to create cover for wildlife and to encourage the use of crossings; maintain an openness ratio of at least 0.6 meter and at least 3 to 4 meters in height at Prado Road and Fresno Canyon undercrossings to allow for large mammal use; and revegetate PCL 1 and PCL 2 with native vegetation. Additionally, the RCTC and Caltrans, in discussions with the RCA and Wildlife Agencies, have acknowledged a need to address cumulative connectivity limitations for PCL 1 by enhancing an alternate location. The RCTC proposes to improve the existing B Canyon culvert beneath SR-91 as a wildlife crossing to replace PCL 1 as a separate, non-related project (the RCA, in conjunction with the Wildlife Agencies, have identified B Canyon as a suitable replacement location for PCL 1). The RCTC has estimated the B Canyon improvements to cost about $7.5 million and intends to use $2.35 million in transportation enhancement funds, supplemented by RCTC-controlled funding to help establish a viable wildlife crossing at B Canyon as a means of offsetting the cumulative impacts to PCL 1. In addition, the Service has applied for a $500,000 grant that will also be applied toward funding the wildlife crossing. Additional funding will be sought by the various stakeholders (i.e., Service, Caltrans, RCTC, and RCA). Based on the above commitment to B Canyon and the design features listed above related to enhancing wildlife movement, the Project addresses the objectives of Section 7.5.2 of the MSHCP. The Project will also be designed to be consistent and compliant with Section 7.5.3 of the MSHCP, which address the BMPs that will be used to minimize impacts to habitats and species. Since the Project design did consider the impacts to the MSHCP Criteria Area by proposing to improve the existing undercrossing to facilitate better wildlife movement from Existing Core A (Prado Basin and the SAR) to Existing Core B (Cleveland National Forest), the Project will not conflict with the provisions in Section 7.5 of the MSHCP. In accordance with the Additional Survey Needs and Procedures policy of the MSHCP, focused surveys were conducted on site for burrowing owl in 2008 and 2009. No owls were found within the study area. A pre-construction presence/absence survey for burrowing owls will be performed within 30 days prior to any phase of construction with ground disturbance in potentially suitable habitat. If a burrowing owl is found during the nesting season (February 1 to August 31), an exclusionary buffer will be established by the Designated Biologist. This buffer will be clearly marked in the field by construction personnel under guidance of the biologist. No construction or clearing will be conducted within this zone until the Designated Biologist determines that the young have fledged or the nest is no longer active. If owls are found within the survey area outside of the nesting season, the burrowing owls will be passively relocated through the installation of one-way doors to exclude the owls from their burrows prior to the 167 Mr. Aaron Burton (FWS-OR/WRIV-08B0733-11F0547) 16 collapse of the burrows. This action will ensure burrowing owls are not directly taken by construction activities. In accordance with the Additional Survey Needs and Procedures policy of the MSHCP, focused surveys for endemic plants were conducted in 2008 and 2009 on the site for NEPSSA 7 species. No NEPSSA species were found within the study area. To avoid impacts to other migratory birds consistent with MSHCP section 10(a)(1)(B) permit condition 5, vegetation removal will be performed outside of the bird breeding season. If work must occur during the breeding season, a preconstruction nesting survey will be conducted in suitable habitat by the Designated Biologist within 21 days prior to ground disturbing activities. If active raptor or migratory bird nests are detected, Project activities may be temporarily halted until the Wildlife Agencies are contacted and consulted. If surveys indicate that migratory bird or raptor nests occur in the survey area identified above, a no-disturbance buffer will be established around the site to avoid disturbance or destruction of the nest site until after the breeding season or after a qualified Designated Biologist determines that the young have fledged (usually late June to mid-July). The extent of these buffers will be determined by the Designated Biologist, in coordination with Caltrans and the Wildlife Agencies, and will depend on the level of noise or construction disturbance, line-of-sight between the nest and the disturbance, ambient levels of noise and other disturbances, and other topographical or artificial barriers. Suitable buffer distances may vary between species. If construction activities are scheduled to occur within an area that supports an active nest site or within an established no-disturbance buffer, construction will be delayed until after the breeding season or until the young have fledged, as determined by the Designated Biologist. Focused vireo surveys were conducted in 2008 to determine if vireos were present in the BSA. Vireos were found at 27 locations in the BSA, and another 8 were found just outside the BSA. Vireos were found from the vicinity of the Gypsum Canyon Road Bridge to Prado Dam. All the birds were north of SR-91, except for one male heard intermittently at the mouth of Fresno Canyon near Wardlow Wash. Twenty of the locations in the BSA are judged to have been territories, and successful nesting was confirmed at six of those locations. The other seven locations in the BSA hosted singing males, but territories could not be determined. Focused vireo surveys were also conducted in 2010 in conjunction with the SR-91 Eastbound Lane Addition Project (FWS-OR/WRIV-08B0054/08F0081). Vireos were observed within the BSA, but no nesting activities were observed in the SR-91 Eastbound Lane Addition Project’s impact area. Subsequent to focused surveys being conducted, construction of the SAR Reach 9 Phase 2B Realignment has removed the vireo nesting habitat in the BSA located north of SR-91 and west of SR-71. In addition, the Santa Ana River Interceptor (SARI) project is expected to begin well before any construction for the Project and will further impact areas within the BSA. To address the loss of MSHCP riparian/riverine resources and supported species, a Determination of Biologically Equivalent or Superior Preservation (DBESP) report was prepared. Approximately 86 ac of riparian/riverine resources located throughout the BSA, which generally occur in the western portions of the Project area adjacent to the SAR and associated 168 Mr. Aaron Burton (FWS-OR/WRIV-08B0733-11F0547) 17 tributaries, (e.g., Fresno Canyon Wash and Wardlow Wash). In Riverside County, Project construction and operation will permanently impact up to 0.46 ac and temporarily impact up to 0.72 ac of riparian/riverine resources. Caltrans and RCTC will offset the loss of these resources by mitigating at a minimum ratio of 3:1 for permanent impacts and 1:1 for temporary impacts. Mitigation will be in the form of habitat creation, restoration, and/or enhancement. Mitigation options for the permanent and temporary impacts include possibly using portions of 800 ac of land in the Upper Prado Basin in Riverside County owned by the RCA that is suitable for restoration and/or enhancement opportunities, or other areas approved by the Wildlife Agencies. The offsite properties will be evaluated to demonstrate the areas have biologically equivalent or superior resources commensurate to the riparian/riverine areas to be impacted. RCTC is in the process of obtaining access and conducting surveys on potential properties the RCA owns. Once lands are identified, RCTC will ensure the restoration/enhancement is provided at the above stated ratios and a restoration/enhancement plan is prepared identifying methods, materials, success criteria and monitoring/management activities on those lands. RCTC will be responsible for preparing these documents and submitting to the RCA and Wildlife Agencies as an addendum to the DBESP. Based on the information provided, the Project will restore its temporary impacts onsite, avoid the nesting season, and mitigate offsite for its permanent impacts; therefore, the Project demonstrates compliance with the requirements of MSHCP Section 6.1.2. Project impacts in Riverside County include permanent impacts to 31.2 ac of coastal sage scrub, the preferred habitat for the gnatcatcher, and 6.87 ac of vegetation communities (0.38 ac of chaparral, 0.46 ac of riparian forest, and 6.03 ac of nonnative grassland) that gnatcatchers likely use for dispersal and foraging habitat. The Project includes the MSHCP-required measures to avoid and minimize disruption of gnatcatcher nesting activity, impacts to individual birds, and impacts to coastal sage scrub outside the Project footprint. Additionally, the temporary loss of 8.02 ac of coastal sage scrub, 1.30 ac of chaparral, 0.72 ac of riparian forest, and 3.63 ac of nonnative grassland will be replaced with locally appropriate native species at the site of the impact. Based on our review of the information provided to us, we have determined the Project is consistent with relevant MSHCP policies and procedures. The status of vireo, gnatcatcher and its designated critical habitat, and the effects of implementing the MSHCP were previously addressed in our biological opinion for the MSHCP dated June 22, 2004. In the biological opinion for the MSHCP, we concluded the level of anticipated take in the plan area for the MSHCP was not likely to result in jeopardy to vireo or gnatcatcher or adversely modify designated gnatcatcher critical habitat. Given that the Project is consistent with the MSHCP, we do not anticipate any adverse effects to vireo or gnatcatcher that were not previously evaluated in the biological opinion for the MSHCP. No incidental take of vireo or gnatcatcher beyond that anticipated in the biological opinion for the MSHCP will occur. Therefore, it is our conclusion that implementation of the Project will not result in jeopardy to vireo or gnatcatcher. 169 Mr. Aaron Burton (FWS-OR/WRIV-08B0733-11F0547) 18 The SKR HCP is implemented by the RCHCA on behalf of the County of Riverside and eight member cities. To establish a regional mechanism to fund implementation of the SKR HCP, Riverside County Ordinance No. 663.10 was adopted, which requires the payment of a fee for projects that are inside the SKR HCP fee area but outside of the core reserve system. This funding has been used, in part, to establish and manage a core reserve system designed to maintain the long-term survival of SKR in western Riverside County. The Project is within the SKR HCP fee area, but outside of the core reserves, and therefore will qualify to obtain take coverage through payment of fees without having to secure an individual permit. However, public works projects, such as roads, are exempt from fee payment. Additionally, construction of transportation improvement projects is identified as a covered activity in the SKR HCP biological opinion (1-6-96-FW-27). Therefore, we have determined that the Project is consistent with the SKR HCP and its associated implementing agreement and permit. The status of the SKR and the effects of implementing the SKR HCP were previously addressed in our biological opinion dated May 2, 1996. In the biological opinion for the SKR HCP, we concluded the level of anticipated take in the plan area for this HCP was not likely to result in jeopardy to SKR. Given the Project is consistent with the SKR HCP, we do not anticipate any adverse effects to SKR that were not previously evaluated in the biological opinion for the SKR HCP. No incidental take of SKR beyond that anticipated in the biological opinion for the SKR HCP will occur. Therefore, it is our conclusion that implementation of the Project will not result in jeopardy to SKR. Analysis of Project in Orange County Because effects of the Project activities in Riverside County on the gnatcatcher, vireo, and SKR are addressed in the MSHCP and SKR HCP, impacts to those species in Riverside County will not be analyzed below. Moreover, adverse impacts to vireo from the Project in Orange County are not expected because of the aforementioned conservation measures. Therefore, the analysis below only addresses the effects of the Project activities in Orange County on the gnatcatcher. STATUS OF THE SPECIES The status of the gnatcatcher was described in detail in a biological opinion for the Caltrans- sponsored Eastbound SR-91 Lane Addition from SR-241 to SR-71 Project, Orange and Riverside Counties, California (FWS-OR/WRIV-08B0054/08F0081, dated November 29, 2007); new information since that time is provided in the 5-year review for gnatcatcher (Service 2010). Additional information on gnatcatcher designated critical habitat can be found in our 2007 final rule for the revised designation of critical habitat for the gnatcatcher (72 FR 72010). Please refer to these documents for detailed information on the life history requirements, threats, and conservation needs of the gnatcatcher. 170 Mr. Aaron Burton (FWS-OR/WRIV-08B0733-11F0547) 19 Status of Critical Habitat in the Action Area Primary Constituent Elements (PCEs) for the gnatcatcher are those habitat components that are essential for the primary biological needs of foraging, nesting, rearing of young, intra-specific communication, roosting, dispersal, genetic exchange, or sheltering (72 FR 72010). These include: (1) dynamic and successional sage scrub habitats (i.e., Venturan coastal sage scrub, Diegan coastal sage scrub, Riversidean sage scrub, maritime succulent scrub, Riversidean alluvial fan scrub, southern coastal bluff scrub, and coastal sage-chaparral scrub) that provide space for individual and population growth, normal behavior, breeding, reproduction, nesting, dispersal, and foraging; and (2) non-sage scrub habitats such as chaparral, grassland (a component of ruderal vegetation), and riparian areas, in proximity to sage scrub habitats that provide space for dispersal, foraging, and nesting. The Project occurs within Units 7 and 9 of the 2007 final critical habitat designation. Unit 7 includes 4,309 ac of lands under private ownership that contain core gnatcatcher populations and sage scrub within the Orange County Central-Coastal Natural Community Conservation Plan/ Habitat Conservation Plan (NCCP/HCP) Subregion. However, these areas are not included in the permit area covered by the NCCP/HCP. Habitat within this unit was occupied at the time of listing, remains occupied, and contains all of the features essential to the conservation of the gnatcatcher (PCEs 1 and 2). Habitat within this unit contains high-quality habitat and dense populations of gnatcatchers. This unit also serves to link populations located in Unit 6 with those in northern Orange and Riverside counties (e.g., Unit 9). Unit 9 includes 17,552 ac of lands, the majority of which are under private ownership, that contain core gnatcatcher populations and sage scrub within the Montebello Hills, Puente-Chino Hills, and West Coyote Hills areas. Habitat within this unit contains large blocks of high-quality habitat and was occupied at the time of listing, remains occupied, and contains all of the features essential to the conservation of the species. The unit also provides connectivity and genetic interchange among core populations of gnatcatchers between Units 6, 10, and 12. Specific information for each of the remaining critical habitat units can be found within the final rule designating critical habitat for the gnatcatcher (72 FR 72010). ENVIRONMENTAL BASELINE Regulations implementing the Act (50 CFR § 402.02) define the environmental baseline as the past and present impacts of all Federal, State, or private actions and other human activities in the action area. Also included in the environmental baseline are the anticipated impacts of all proposed Federal projects in the action area that have undergone section 7 consultation, and the impacts of State and private actions that are contemporaneous with the consultation in progress. Site Characteristics and Surrounding Land Use The Project action area is located within the SAR watershed in the eastern-most portion of Orange County, immediately downstream of Prado Dam. Within Orange County, the Project area is a heavily traveled transportation corridor with the landscape varying from natural 171 Mr. Aaron Burton (FWS-OR/WRIV-08B0733-11F0547) 20 undeveloped to pockets of commercial and residential development on either side. Two large blocks of open space bisect SR-91; Chino Hills State Park (CHSP) to the north, and the Cleveland National Forest to the south. Within Orange County, the action area includes approximately 846 ac, which includes the 500-ft buffer surrounding the area directly impacted by the Project. The action area contains 123.56 ac of coastal sage scrub; 64.74 ac of chaparral; 72.24 ac of riparian forest/scrub; 24.44 acres of oak woodland; 90.83 ac of nonnative grassland; 13.82 ac of deepwater aquatic; 113.79 ac of mixed ruderal and ornamental; and 342.53 ac of developed lands. Subsequent to vegetation mapping conducted in 2008, the Freeway Complex fire in November 2008 burned large areas of CHSP, including a small part of the coastal sage scrub in the action area. Because these small burned areas are located west of Coal Canyon, coastal sage scrub occupied by gnatcatchers in Coal Canyon was not impacted by the fire. The coastal sage scrub and other vegetation communities in the action area burned by the fire have been recovering. These burned areas appear to be returning to pre-fire conditions, although there appears to be a higher percentage of nonnative grasses, e.g., black mustard (Brassica nigra) and foxtail chess (Bromus madritensis) (E. Hohertz , LSA Associates, pers. comm. 2011). Chino Hills State Park This 12,500-ac State park is located near the northern end of the Peninsular Ranges and is within Orange, Riverside, and San Bernardino counties. The Chino Hills are part of the group of hills that include the Puente Hills to the northwest. These hills form a roughly triangular area of approximately 35 square miles of valleys, canyons, hills, and steep slopes. The park serves a valuable function as a large open space preserve in a wildlife linkage that extends over 30 miles from the Santa Ana Mountains to the southeast to the Whittier Hills to the northwest. Moreover, the Coal Canyon undercrossing, which provides a wildlife crossing under SR-91 between the Santa Ana Mountains south of SR-91 and the Puente-Chino Hills north of SR-91, is in park. The CHSP supports a number of native plant communities including coastal sage scrub, riparian, chaparral, grasslands, and oak woodland communities. Approximately 95 percent of the area in the park was burned in the 2008 Freeway Complex Fire. Habitat restoration activities in the Coal Canyon area, just north of SR-91, have been ongoing in the park since 2004 to restore coastal sage scrub and other habitats suitable to support gnatcatcher breeding, feeding, and sheltering requirements. These restoration areas have met stated success criteria and gnatcatchers were recently observed within these areas (F. Sirchia, Service biologist, personal observation during the October 20, 2011, site visit). Coal Canyon Undercrossing Landscaping Coal Canyon and the associated SR-91 undercrossing are considered one of the most important remaining wildlife connections between the Santa Ana Mountains and the Puente-Chino Hills and Prado Basin (LSA 2010). As such, State officials and other stakeholders have been working nearly two decades to preserve and enhance Coal Canyon as a viable wildlife corridor. Towards 172 Mr. Aaron Burton (FWS-OR/WRIV-08B0733-11F0547) 21 that end, a landscaping project to enhance the Coal Canyon crossing under SR-91 is proposed to begin mid-2012. Caltrans District 12 is proposing to conduct planting in the Caltrans right-of-way at Coal Canyon. The purpose of this planting is to beautify the site and attract more wildlife to this vital crossing. The proposed planting area is composed of compacted gravel and nonnative grasses and ornamental vegetation. Caltrans District 12 has anticipated the Project may impact the Coal Canyon Wildlife Corridor Planting area. Because of this potential impact, a plant palette is being selected (in coordination with Caltrans biologists, landscape architects, and the Service) that would facilitate gnatcatcher dispersal but is unlikely to be used as nesting habitat. Status of and Factors Affecting Gnatcatcher and its Critical Habitat in the Action Area A number of projects have reduced and degraded gnatcatcher habitat in the vicinity of the Project. Roads and urban development have degraded upland habitat and have led to the loss and isolation of remaining coastal sage scrub. Specific past actions that have adversely affected gnatcatchers and/or designated critical habitat in the vicinity of the Project include (1) the SR-91 Eastbound Lane Addition Project, (2) widening of SR-91 between SR-241 and SR-71, (3) SAR Reach 9 Flood Control Projects, (4) Eastern Transportation Corridor (SR-241), and (5) SARI project. In general, all of these projects have decreased and fragmented the amount of suitable gnatcatcher habitat containing PCEs within the Project vicinity. In addition, since 1980, the Coal Canyon area has experienced 25 separate wildland fires, burning a total of 82,734 acres (OCFA 2008). A number of these wildland fires were large, burning thousands of acres, including the 2008 Freeway Complex Fire (30,305 ac), 2006 Sierra Peak Fire (10,506 ac), 1982 Gypsum Fire (19,986 ac), and 1980 Owl Fire (18,332 ac). As stated above, though areas burned in the most Freeway Complex Fire are recovering to pre-fire conditions, an increase in percent cover of nonnative grasses is apparent. This observation may indicate some burned areas may be experiencing type conversion to nonnative grasslands, which may decrease the amount of suitable habitat for the gnatcatcher in the action area (Service 2010). Based on the Carlsbad Fish and Wildlife Office (CFWO) species occurrence database, the action area within Orange County has supported at least two breeding pairs of gnatcatchers dating back to 1998 (survey reports 3015, 5259, 7717, and 0517). Protocol surveys conducted in 2006 for the SR-91 Eastbound Lane Addition Project detected two breeding pairs and one juvenile in the vicinity of Coal Canyon within or near the Caltrans ROW. Protocol surveys in 2008 for the Project detected one breeding pair of gnatcatchers and at least two juveniles on several occasions just south of the Coal Canyon underpass within or near the ROW, which is in the Project impact area. Gnatcatchers were observed primarily in vegetation community types dominated by California sagebrush (Artemisia californica) and California buckwheat (Eriogonum fasciculatum). During the October 20, 2011, site visit, within CHSP, one gnatcatcher was observed in the Scully Hill area, and at least two were observed in the restoration area north of the Coal Canyon underpass. These 2011 observations in areas north of the Coal Canyon underpass were not expected to be directly impacted by Project construction activities. 173 Mr. Aaron Burton (FWS-OR/WRIV-08B0733-11F0547) 22 The segment of the Project in Orange County includes small portions of Units 7 and 9 of gnatcatcher designated critical habitat and suitable gnatcatcher habitat outside of designated critical habitat (Figure 1). The action area includes 182.09 ac of gnatcatcher designated critical habitat. Outside critical habitat, the action area includes 85.67 ac of coastal sage scrub, the preferred habitat for gnatcatchers, and another 100.75 ac of vegetation communities that gnatcatchers likely use for dispersal and foraging habitat (Table 3). As stated above, the ecological functions and values of these critical habitat units include sage scrub used for individual and population growth, breeding, reproduction, nesting, dispersal, and foraging (PCE 1); and non-sage scrub communities (e.g., chaparral, grassland, riparian areas) in proximity to sage scrub that provide space for dispersal, foraging, and nesting (PCE 2) and serve as linkages between populations of gnatcatchers in the Santa Ana Mountains and Puente-Chino Hills and Prado Basin. Moreover, the land contained within Units 7 and 9 in the action area may require special management considerations or protection to minimize impacts associated with habitat type conversion and degradation occurring in conjunction with freeway widening and other development projects (72 FR 72040). EFFECTS OF THE ACTION Effects of the action refer to the direct and indirect effects of an action on the species, together with the effects of other activities that are interrelated and interdependent with that action, which will be added to the environmental baseline. Interrelated actions are those that are part of a larger action and depend on the larger action for their justification. Interdependent actions are those that have no independent utility apart from the action under consideration. Indirect effects are those that are caused by the proposed action, are later in time, and still reasonably certain to occur. Direct Effects Habitat Loss The Project in Orange County will result in the permanent loss of 4.25 ac of coastal sage scrub, and 4.17 ac of vegetation communities (2.96 ac of chaparral, 0.01 ac of riparian forest, and 1.20 ac of nonnative grassland) used by gnatcatchers for dispersal and foraging (Campbell et al. Table 2: Gnatcatcher Habitat in Orange County Action Area Inside and Outside of Designated Critical Habitat Unit 7 Unit 9 Total Coastal Sage Scrub 85.67 16.28 21.61 37.89 123.56 Chaparral 14.53 46.70 3.51 50.21 64.74 Riparian Forest 31.38 0.41 37.49 37.90 69.28 Riparian Scrub 2.16 0.80 0.00 0.80 2.96 Nonnative Grassland 52.68 6.44 31.71 38.15 90.83 Mixed Ruderal and Ornamental 4.78 12.36 17.14 17.14 Total 186.42 75.41 106.68 182.09 368.51 Amount Outside of Critical Habitat Habitat Type Total Habitat Amount in Critical Habitat 174 Mr. Aaron Burton (FWS-OR/WRIV-08B0733-11F0547) 23 1998). The loss of habitat associated with Project construction will be distributed over a linear distance of approximately 4.2 miles and a width of approximately 50 to 100 ft from the edge of existing structures. To offset this loss, RCTC will restore 16.03 ac of habitats suitable for gnatcatcher breeding, dispersal, and foraging in CHSP, which will increase the amount of conserved habitat available for gnatcatchers in the action area. The Project will result in the temporary loss of 1.29 ac of coastal sage scrub and 1.72 ac of other vegetation communities (0.71 ac of chaparral, 0.34 ac of riparian forest, and 0.67 ac of nonnative grassland) used by gnatcatchers for dispersal and foraging. This habitat will be unavailable for gnatcatcher foraging and breeding activities until it is successfully restored. RCTC will restore temporarily impacted habitat with in-kind or better vegetation after the completion of the Project. Also, the proposed restoration of the temporarily impacted areas will help ensure there is no long-term loss or degradation of the habitat as a result of invasion by nonnative plant species. Based on recent surveys, the Project impact area supports part of at least one gnatcatcher pair or territory. We do not have specific information on the size or shape of this territory, but breeding season territories vary greatly in size from less than 2.5 ac to 25 ac (Atwood et al. 1998; Preston et al. 1998) and fluctuate given the time of year. The permanent and temporary loss of 5.54 ac of coastal sage scrub and the permanent and temporary loss of 5.89 ac of other habitat could significantly reduce the amount of habitat available to this gnatcatcher pair for breeding, foraging, and dispersal activities within their existing territory. Gnatcatchers are expected to be displaced by grading activities during and after construction disturbance and forced to shift or move their territory location. The displacement of this pair and reestablishment of all or part of their territory in another location could involve increased competition with other gnatcatchers for nesting, roosting, and foraging sites, and displaced gnatcatchers will likely be more vulnerable to predation while seeking new habitat. Therefore, we expect that one pair of gnatcatchers will be killed or injured because of impacts to a potentially significant portion of an existing territory and the subsequent displacement of the pair. Construction activities are not anticipated to result in the death or injury of any gnatcatchers or destruction of nests. The Designated Biologist will be present to ensure that gnatcatchers are not killed or injured during vegetation removal and other construction activities, and the clearing and grubbing of suitable gnatcatcher habitat will be conducted outside of the breeding season (i.e., February 15 to September 15). Indirect Effects Noise, vibrations, increased activity, and night lighting associated with the use of heavy equipment during construction of the proposed facilities have the potential to disrupt gnatcatcher behaviors in adjacent habitat by masking intraspecific communication and startling birds (e.g., see Dooling and Popper (2007) for a discussion of observed effects of highway noise on birds). However, gnatcatchers that occupy habitats adjacent to the existing SR-91 freeway are subjected to existing noise and vibration and continue to occupy the habitat, and the addition of lanes is not expected to increase noise and vibration above existing levels (Caltrans 2011). Additionally, 175 Mr. Aaron Burton (FWS-OR/WRIV-08B0733-11F0547) 24 measures to avoid and minimize construction impacts include seasonal restrictions on vegetation removal, noise control, biological monitoring, and shielded night lighting. Operation of existing roadways can affect species and habitats through factors such as increased noise and lighting, increased fire risk, invasion of exotic plants, road mortality, and barriers to wildlife movement (e.g., Conard and Weise 1998; Forman and Deblinger 2000; Forman et al. 2003). Given the potentially broad-reaching, long-term nature of the aforementioned impacts, they are difficult to quantitatively assess. However, the gnatcatchers that occupy habitats adjacent to the existing SR-91 freeway are subjected to existing adverse road effects from freeway operations and continue to occupy suitable habitat adjacent to the freeway; moreover, some of these impacts (noise and lighting) will not increase with implementation of the Project. Therefore, SR-91 widening is not expected to have significant adverse impacts on the gnatcatchers due to noise and lighting, invasion of exotic plants, road mortality, and barriers to wildlife movement. In addition, measures to avoid and minimize these impacts, like restoration of native habitats, native landscaping in the Coal Canyon underpass, and weed abatement, will help to offset some of these impacts. As stated previously, wildland fire is a significant threat to gnatcatchers due to habitat type conversion and the temporary destruction of habitat the gnatcatcher depends on for foraging, sheltering, dispersal, and nesting. The Project is not anticipated to significantly increase the threat of wildlife fire in the action area but Caltrans has agreed to coordinate with the Service to identify locations along SR-91 where placement of k-rail or other barriers would help to minimize the threat of fire ignitions. Restoration Some restoration activities may disturb resident gnatcatchers and biological monitors are anticipated to disturb gnatcatchers as part of their monitoring efforts. The frequency and level of disturbance by the biological monitors is not anticipated to substantially affect the gnatcatchers’ ability to acquire sufficient resources to survive and reproduce. Furthermore, the restoration plan will include measures to avoid and minimize impacts to resident gnatcatchers such as pre- restoration surveys and avoidance of the breeding season. Critical Habitat This biological opinion does not rely on the regulatory definition of “destruction or adverse modification” of critical habitat at 50 CFR § 402.02. Instead, we have relied upon the statutory provisions of the Act to complete the following analysis with respect to critical habitat. Implementation of the Project will result in the permanent loss of 6.32 ac of designated critical habitat, including 1.24 ac of coastal sage scrub, located in Units 7 and 9 (2.48 ac in Unit 7 and 3.84 ac in Unit 9). This loss represents 0.02 percent of the gnatcatcher designated critical habitat within Unit 7 and 0.02 percent in Unit 9. Additionally, the Project will result in the temporary loss of 2.09 ac of designated critical habitat, including 0.72 ac of coastal sage scrub, located in 176 Mr. Aaron Burton (FWS-OR/WRIV-08B0733-11F0547) 25 Units 7 and 9 (1.02 ac in Unit 7 and 1.07 ac in Unit 9). This temporary loss represents a small fraction of the habitat available within Units 7 and 9, and the impacted area will be restored after construction. As stated above, the primary function of these units is to provide sage scrub for individual and population growth, breeding, reproduction, nesting, dispersal, and foraging (PCE 1); and non-sage scrub communities (e.g., chaparral, grassland, riparian areas) in proximity to coastal sage scrub that provide space for dispersal, foraging, and nesting (PCE 2). Because the Project will temporarily impact only a small portion of gnatcatcher critical habitat, which will be revegetated immediately following Project completion, the temporary impacts associated with the Project will have negligible impacts on the ability of Units 7 and 9 to support core gnatcatcher populations and on connectivity between critical habitat units. Also the permanent impacts to critical habitat are small and will primarily affect non-breeding habitat (i.e., vegetation communities other than coastal sage scrub). Therefore, the Project will not have a substantial impact on the ability of Units 7 and 9 to support core populations of gnatcatchers, and affected critical habitat would remain functional to serve its intended conservation role for the species. Habitat loss will occur within the Coal Canyon wildlife corridor. Loss of PCEs within this corridor could result in an incremental decrease in connectivity and increase the isolation of gnatcatcher populations in Unit 9. To offset this potential adverse impact, RCTC will minimize permanent impacts in the Coal Canyon underpass area to the extent possible and restore landscaped areas in and around the Coal Canyon underpass to facilitate gnatcatcher dispersal. Additionally, 16.03 ac of gnatcatcher habitat that would support PCEs 1 and 2 would be restored in Unit 9 within CHSP, and 2.50 ac of mixed ruderal and ornamental vegetation in the Coal Canyon underpass will be replanted with native species per the Coal Canyon Planting Plan to facilitate gnatcatcher dispersal between critical habitat units 7 and 9. In addition to maintaining connectivity, the proposed restoration will result in a net increase in the amount of coastal sage scrub (PCE 1) in gnatcatcher critical habitat, likely leading to a slight increase in the ability of Unit 9 to support core gnatcatcher populations. Thus, the affected critical habitat would remain functional to serve its intended conservation role for the species. Recovery The Project is not anticipated to impede recovery of the gnatcatcher. Conservation and recovery of the gnatcatcher has largely been accomplished through the development and implementation of regional conservation plans (i.e., HCP/NCCPs). Much of the range of the gnatcatcher today within southern California is covered by these plans. Furthermore, although no recovery plan exists for the gnatcatcher, the Project is consistent with the general recovery goals of maintaining core gnatcatcher populations and maintaining connectivity between them, because restoration of 16.03 ac is expected to increase the available habitat in the action area to support core gnatcatcher populations and restoration in the Coal Canyon underpass area will facilitate dispersal and maintain connectivity. 177 Mr. Aaron Burton (FWS-OR/WRIV-08B0733-11F0547) 26 CUMULATIVE EFFECTS Cumulative effects include the effects of future State, tribal, local, or private actions that are reasonably certain to occur in the action area considered in this biological opinion. Future Federal actions that are unrelated to the proposed action are not considered in this section because they require separate consultation pursuant to section 7 of the Act. We have no information on any non-Federal actions affecting listed species that are reasonably certain to occur in the action area considered by this opinion. CONCLUSION After reviewing the current status of the gnatcatcher, environmental baseline for the action area, effects of the proposed action, and the cumulative effects, it is our biological opinion the proposed action is not likely to jeopardize the continued existence of the gnatcatcher and is not likely to result in the destruction or adverse modification of gnatcatcher designated critical habitat. Our conclusion is based on the following reasons: 1. Although 8.42 ac of gnatcatcher habitat (4.25 ac of coastal sage scrub, and 4.17 ac of vegetation communities used by gnatcatchers for dispersal and foraging), including designated critical habitat, will be permanently impacted in Orange County, this will affect only a small fraction of available habitat in the action area and an even smaller fraction rangewide. 2. Although 3.01 ac of gnatcatcher habitat (1.29 ac of coastal sage scrub, and 1.72 ac of vegetation communities used by gnatcatchers for dispersal and foraging), including designated critical habitat, will be temporarily impacted in Orange County, this habitat will be restored, and within 4 to 5 years will again be suitable for gnatcatcher breeding and foraging. 3. Permanent impacts to suitable gnatcatcher habitat and designated critical habitat will be offset by restoring 16.03 ac of gnatcatcher habitat in Unit 9 within CHSP to be managed and preserved in perpetuity as part of the CHSP. This restoration will result in a net gain of potential breeding, foraging, dispersal, and sheltering habitat for the gnatcatcher locally and within Unit 9 of designated critical habitat. 4. With implementation of the proposed conservation measures, the Project is not expected to a have a long-term effect on the gnatcatcher or its habitat in the action area or rangewide, and is not anticipated to impede recovery of the species or the function and value of its critical habitat. INCIDENTAL TAKE STATEMENT Section 9 of the Act prohibits the take of endangered and threatened species, respectively, without special exemption. Take is defined as to harass, harm, pursue, hunt, shoot, wound, kill, 178 Mr. Aaron Burton (FWS-OR/WRIV-08B0733-11F0547) 27 trap, capture, collect, or attempt to engage in any such conduct. Harm is further defined by us to include significant habitat modification or degradation that results in death or injury to listed species by significantly impairing essential behavioral patterns, including breeding, feeding, or sheltering. We defined harass as intentional or negligent actions that create the likelihood of injury to listed species to such an extent as to significantly disrupt normal behavioral patterns which include, but are not limited to, breeding, feeding, or sheltering. Incidental take is defined as take that is incidental to, and not the purpose of, the carrying out of an otherwise lawful activity. Under the terms of section 7(b)(4) and 7(o)(2) of the Act, taking that is incidental to and not intended as part of the agency action is not considered a prohibited taking provided that such taking is in compliance with the terms and conditions of this incidental take statement. The measures described below are non-discretionary, and must be undertaken by Caltrans so that they become binding conditions of any grant or permit issued to the permittee, as appropriate, for the exemption in section 7(o)(2) to apply. Caltrans has a continuing duty to regulate the activity covered by this incidental take statement. If Caltrans (1) fails to assume and implement the terms and conditions or (2) fails to require RCTC or any contractor discussed above to adhere to the terms and conditions of the incidental take statement through enforceable terms that are added to the permit or grant document, the protective coverage of section 7(o)(2) may lapse. To monitor the impact of the incidental take, Caltrans must report the progress of the action and its impact on the species to the Palm Springs Fish and Wildlife Office (PSFWO) at 777 East Tahquitz Canyon Road, Palm Springs, California 92262 (760-322-2070) as specified in the incidental take statement [50 CFR § 402.14(i)(3)]. AMOUNT OR EXTENT OF TAKE Incidental take of the gnatcatcher in Orange County for the Project is authorized as follows: • Incidental take in the form of harm, as defined in 50 CFR § 17.3, of one gnatcatcher pair is authorized due to the permanent removal of 4.25 ac of coastal sage scrub and 4.17 ac of vegetation communities used by gnatcatchers for essential behaviors, including nesting, roosting, foraging, and dispersal, and the temporary removal of 1.29 ac of coastal sage scrub and 1.72 ac of vegetation communities used by gnatcatchers for foraging and dispersal. The take threshold will be exceeded if more than the amount of habitat identified above is graded or grubbed or if more than one pair of gnatcatchers is killed or injured. No direct death or injury of nestlings or eggs from habitat clearing and construction activities is anticipated; therefore, none is exempted from the section 9 take prohibitions under the Act. EFFECT OF THE TAKE In the accompanying biological opinion, the PSFWO determined that this level of anticipated take is not likely to result in jeopardy to the species. 179 Mr. Aaron Burton (FWS-OR/WRIV-08B0733-11F0547) 28 REASONABLE AND PRUDENT MEASURES Caltrans will implement conservation measures as part of the proposed action to minimize the incidental take of gnatcatchers. In addition to these conservation measures, the following reasonable and prudent measures are necessary to monitor and report the effects of the incidental take on gnatcatchers: 1. Caltrans shall monitor and report on compliance with the established take thresholds for gnatcatchers associated with the proposed action. TERMS AND CONDITIONS To be exempt from the prohibitions of section 9 of the Act, Caltrans must comply with terms and conditions which implement the reasonable and prudent measures described above. 1. Prior to initiating the Project, three preconstruction surveys will be conducted within all suitable gnatcatcher habitat within the footprint for the Project, within 30 days prior to initiation of vegetation removal activities to verify that no more than one gnatcatcher pair will be taken as a result of the Project. Prior to initiating the Project, Caltrans will provide to the PSFWO a map showing the distribution of gnatcatchers relative to the Project footprint, an estimate of the number of gnatcatchers territories that will be impacted by the Project, and the cumulative total of gnatcatcher territories impacted by the Project, or confirm in writing that maps, distribution information, and the number of territories that will be impacted by the Project as shown in the BA remain correct. 2. Caltrans will notify the PSFWO within 30 days of completing removal of gnatcatcher- occupied habitat. The purpose of this notification is to ensure that impacts to gnatcatcher- occupied habitat from the Project do not exceed the take thresholds. DISPOSITION OF SICK, INJURED, OR DEAD SPECIMENS Upon locating dead, injured, or sick individuals of threatened or endangered species, initial notification must be made to our Division of Law Enforcement in either San Diego, California, at 619-557-5063 or in Torrance, California, at 310-328-6307 within 3 working days. Notification should also be sent by telephone and writing to the PSFWO at 760-322-2070 at the address detailed above. Written notification must be made within 5 calendar days and include the collection date and time, the location of the animal, and any other pertinent information. Care must be taken in handling sick or injured animals to ensure effective treatment and care and in handling dead specimens to preserve biological material in the best possible state. Remains shall be placed with the San Diego Natural History Museum, San Diego. Arrangements regarding proper disposition of potential museum specimens shall be made with the institution by the designated biologist prior to implementation of the action. 180 Mr.Aaron Burton (FWS-OR/WRIV -08B0733-11F0547) CONSERVATION RECOMMENDATIONS Section 7(a)(l)of the Act directs Federal agencies to utilize their authorities to further the purposes of the Act by carrying out conservation programs for the benefit of endangered and threatened species.Conservation recommendations are discretionary agency activities to minimize or avoid adverse effects of a proposed action on listed species or critical habitat,to help implement recovery plans,or to develop information. 29 1.Because data are lacking regarding the rate of exchange between gnatcatcher populations on either side of SR-91,we recommend Caltrans fund a study to examine the rate of exchange between those gnatcatcher populations to determine the permeability of SR-91 for the bird. 2.To further minimize the risk of fire from operation of SR-9l,we recommend Caltrans monitor and map fire ignitions along SR-9l and coordinate with the Service to develop potential measures to reduce this risk.Measures would include monitoring of the roadway by Caltrans personnel during extreme fire danger conditions,placement of additional barriers,or maintenance of a defined fire management zone adjacent to the roadway. REINITIATION NOTICE This concludes formal consultation for the SR-91 Corridor Improvement Project as outlined in materials submitted to us.As provided in 50 CFR §402.16 reinitiation of formal consultation is required where discretionary Federal agency involvement or control over the action has been retained (or is authorized by law)and if (l)the amount or extent of incidental take is exceeded; (2)new information reveals effects of the agency action that may affect listed species or critical habitat in a manner or to an extent not considered in this opinion;(3)the agency action is subsequently modified in a manner that causes an effect to the listed species or critical habitat not considered in this opinion;or (4)a new species is listed or critical habitat designated that may be affected by the action.In instances where the amount or extent of incidental take is exceeded,any operations causing such take must cease pending reinitiation. If you have any questions or comments about this opinion,please contact Felicia Sirchia of the Palm Springs Fish and Wildlife Office,777 E.Tahquitz Way,Suite 208,Palm Springs, California 92262 at 760-322-2070. Sincerely, ~~JIm A.Bartel Field Supervisor cc:Cathy Bechtel,Riverside County Transportation Commission 181 Mr. Aaron Burton (FWS-OR/WRIV-08B0733-11F0547) 30 LITERATURE CITED Atwood, J., D. Bontrager, and A. Gorospe. 1998. Use of refugia by California gnatcatchers displaced by habitat loss. Western Birds 29:406-412. Caltrans. 2007. SR-91 Eastbound lane addition between SR-241 and SR-71 biological assessment. Unpublished document submitted to the CFWO. June 2007. Caltrans. 2011. SR-91 Corridor Improvement Project biological assessment. Unpublished document submitted to the CFWO. June 2011. Campbell, K., R. Erickson, W. Haas, and M. Patten. 1998. California gnatcatcher use of habitats other than coastal sage scrub: Conservation and management implications. Western Birds 29: 421-433. Conard, S. G. and D. R. Weise. 1998. Management of fire regime, fuels, and fire effects in southern California chaparral: Lessons from the past and thoughts for the future. Tall Timbers Fire Ecology Conference Proceedings 20:342–350. Dooling, R. J. and A. N. Popper. 2007. The effects of highway noise on birds. Prepared by Environmental BioAcoustics LLC for the California Department of Transportation, Sacramento, California. 74 pp. Forman, R. T. T. and R. D. Deblinger. 2000. The ecological road-effect zone for transportation planning and Massachusetts (USA) suburban highway. Conservation Biology 14:36-46. Forman, R.T.T., D. Sperling, J.A. Bissonette, A.P. Clevenger, C.D. Cutshall, V.H. Dale, L. Fahrig, R. France, C.R. Goldman, K. Heanue, J.A. Jones, F.J. Swanson, T. Turrentine, T.C. Winter. 2003. Road ecology: Science and solutions. Island Press, Washington, DC. Orange County Fire Authority (OCFA). 2008. After action report Freeway Complex Fire: A report to the Orange County Fire Authority Board of Directors. Orange County, CA. Preston, K., P. Mock, M. Grishaver, E. Bailey, and D. King. 1998. California gnatcatcher territorial behavior. Western Birds 29:242-257. U.S. Fish and Wildlife Service (Service). 2004. Intra-Service Formal Section 7 Consultation/Conference for Issuance of Endangered Species Act Section 10(a)(1)(B) Permit TE-088609-0 for the Western Riverside County Multiple Species Habitat Conservation Plan dated June 22, 2004 (FWS-WRIV-870.19). U.S. Fish and Wildlife Service (Service). 2010. Coastal California gnatcatcher (Polioptila californica californica) 5-year Review: Summary and Evaluation. U.S. Fish and Wildlife Service Carlsbad Fish and Wildlife Office, Carlsbad, California. 182 Mr. Aaron Burton (FWS-OR/WRIV-08B0733-11F0547) 31 Personal Communications Hohertz, E. September 1, 2011. Electronic mail correspondence regarding status of vegetation recovery in Chino Hills State Park, Orange County, CA. 183 BLANK 24632.00029\7636514.3 6 Exhibit B PROJECT DESCRIPTION The SR-91 Corridor Improvement Project (CIP) is proposed to construct one additional general purpose (GP) lane and extend existing tolled Express Lanes. This project would construct one GP lane in each direction on SR-91 from the SR-91/SR-241 interchange in Anaheim to Pierce Street in Riverside. The existing SR-91 Express Lanes in Orange County would be extended east from the Orange/Riverside county line to Interstate 15 (I-15) in Corona. The existing high- occupancy vehicle (HOV) lanes would be converted to tolled Express Lanes, and one additional tolled Express Lane would be added in each direction on SR-91 from the Orange/Riverside county line to I-15, resulting in two tolled Express Lanes past I-15 to McKinley Street and transition to an HOV lane at Pierce Street. Westbound at Pierce Street, the existing HOV lane would transition into a tolled Express Lane east of McKinley Street and join a second tolled Express Lane at the I-15 interchange. The new eastbound GP lane would join a newly constructed collector-distributor road, providing access to the eastbound Pierce Street and Magnolia Avenue exit ramps. In the westbound direction, the existing HOV lane would transition to a GP lane west of Pierce Street, and a new tolled Express lane would be added in the median near McKinley Street, joining a second tolled Express Lane just west of I-15. Two single-lane tolled Express Lane direct connectors between I-15 and SR-91 would provide access from northbound I-15 to westbound SR-91 and from eastbound SR-91 to southbound I-15, extending as a single tolled Express lane in each direction on I-15 to Cajalco Road. Additionally, single-lane tolled Express Lane direct connectors would be constructed from eastbound SR-91 to northbound I-15 and from southbound I-15 to westbound SR-91, extending as a single-lane tolled Express Lane in each direction north on I-15 to the Hidden Valley Parkway interchange. The direct connectors would allow Express lane drivers to travel from the tolled Express Lanes on one corridor onto the tolled Express Lanes on another corridor without having to transition through the GP. Implementation of the project is proposed in phases over a 20-year period beginning with the Initial Phase and culminating in the Ultimate Project. Construction of the Initial Phase of the project is anticipated to begin in 2014 and will be completed by 2017. The Ultimate Project will be completed by 2035. 184 24632.00029\7636514.3 7 Exhibit C BILL OF SALE Contract No. _________________ In consideration of the payment of $________, receipt of which is hereby acknowledged, RCRCD does hereby recognize that _______________ (the “Project Applicant”), has acquired ___________ [Enter Number and Type] Credits from the RCRCD In-Lieu Fee Program (the “Program”), developed and approved by the Los Angeles District of the U.S. Army Corps of Engineers, Region IX of the U.S. Environmental Protection Agency and the California Regional Water Quality Control Board, Region 8. RCRCD, administrator of the Program, represents and warrants that it has good title to the credits, has good right to sell the same, and that they are free and clear of all claims, liens, or encumbrances. DATED: ____________________________ By: ______________________________ District Manager 185 24632.00029\7636514.3 8 Exhibit D Statement of Sale of Credit 186 BLANK 24632.00029\7636514.3 9 RCRCD letterhead [date] U.S. Army Corps of Engineers Los Angeles District – Regulatory Division 915 Wilshire Blvd. Los Angeles, CA 90017 Subject: Statement of Sale for [Number] Credits from the RCRCD In-Lieu Fee Program to [Permittee Name] The Riverside-Corona Resource Conservation District has an agreement with the U.S. Army Corps of Engineers – Los Angeles District to operate an In-Lieu-Fee Program. This letter confirms the sale of [Number of Credits] credits of [Resource Type A], and [Number of Credits] credits of [Resource Type B]. These credits are being used as compensatory mitigation for [Number of Acres] acres of impact to [Resource Type A], and [Number of Acres] acres of impact to [Resource Type B] in the [Impact HUC] as authorized by DA permit [DA permit number]. By selling credits to the above permittee, RCRCD is the party responsible for fulfilling the mitigation aspect of Special Condition(s) ______ of the Permit(s) listed above. Signed 187 BLANK AGENDA ITEM 8I BLANK RIVERSIDE COUNTY TRANSPORTATION COMMISSION DATE: March 12, 2014 TO: Riverside County Transportation Commission FROM: Western Riverside County Programs and Projects Committee David Thomas, Toll Project Manager THROUGH: Anne Mayer, Executive Director SUBJECT: Monster Lead Wall Agreement with Burlington Northern Santa Fe Railroad for the State Route 91 Corridor Improvement Project WESTERN RIVERSIDE COUNTY PROGRAMS AND PROJECTS COMMITTEE AND STAFF RECOMMENDATION: This item is for the Commission to: 1)Approve Agreement No. 14-31-076-00 for the Monster Lead Wall Agreement with Burlington Northern Santa Fe Railway (BNSF) for the State Route 91 Corridor Improvement Project (SR-91 CIP) in the amount of $73,600, plus a contingency amount of $7,400, for a total amount not to exceed $81,000; 2)Authorize the Chair or Executive Director, pursuant to legal counsel review, to execute the agreement on behalf of the Commission; and 3)Authorize the Executive Director to approve contingency work up to the total amount not to exceed as required for the agreement. BACKGROUND INFORMATION: 10-Year Delivery Plan and Tolling In 2002, voters passed the 30-year extension of the Measure A program (2009-2039). In December 2006, the Commission adopted the 2009 Measure A Western County Highway 10-Year Delivery Plan (10-Year Delivery Plan). The 10-Year Delivery Plan calls for the development of tolled express lane corridors on SR-91 and Interstate 15. Development of the SR-91 Corridor Improvement Project (CIP) The SR-91 CIP widens SR-91 through Corona, extends the existing 91 Express Lanes from the Orange County line to I-15, improves five local interchanges, reconstructs a portion of the 15/91 interchange, and constructs other general purpose lane and toll express lane improvements within the corridor. Environmental approval for the SR-91 CIP was obtained in November 2012. Final design and construction is being accomplished via a design-build contract approved by the Commission on May 8, 2013. Corridor construction is planned to start in early 2014 with lanes open to traffic in 2017. Agenda Item 8I 188 Construction Impacts to BNSF The SR-91 CIP crosses over the BNSF in four locations and directly impacts (i.e., shortens) the BNSF tracks in one location, the Monster Lead. The BNSF Monster Lead is a side track, off the Main Line, and serves the Monster Beverage Corporation Distribution Center, which is located on the north side of the SR-91 between Maple Street and Auto Center Drive. The widening of the freeway requires the shortening of the Monster Lead track by 90 feet (to be performed by BNSF), the acquisition of 0.05 acre of right of way in fee and a permanent footing easement for a retaining wall to be constructed as part of the SR-91 CIP, and a temporary construction license required for the construction of the retaining wall. These elements are depicted in Attachment 1. Over the past six months, staff has been working with the design-builder in the development of the SR-91 CIP highway plans to ascertain the extent of the impacts to the BNSF Monster Lead tracks. In that same time period, staff has been working with BNSF and Caltrans in the development of a three party agreement that would formalize the scope of work, obligations of each party and costs for the respective work, and right of way required for the widening associated with the SR-91 CIP. A copy of the final agreement concurred with by all three parties is included as Attachment 2. The total cost associated with the BNSF track work and right of way cost is $73,600 as follows: 1.Commission will pay BNSF $43,680 for the acquisition of right of way. 2.Commission will pay BNSF $2,120 for a temporary construction license. 3.Commission will pay BNSF $2,800 for a perpetual easement for the retaining wall footing and future maintenance access. 4.Commission will pay BNSF $25,000 for removal of 90 feet of track to make room for widening of SR-91. Staff is seeking authorization for the Chair or Executive Director to execute, on behalf of the Commission, the Monster Lead Wall Agreement, pursuant to legal counsel review and authorization for the Executive Director to approve contingency work up to $7,400 for a total amount not to exceed $81,000. Financial Information In Fiscal Year Budget: Yes Year: FY2013/14 Amount: $81,000 Source of Funds: 2009 Measure A Sales Tax Debt Proceeds Budget Adjustment: No GL/Project Accounting No.: 003028 81301 262 31 81401 Fiscal Procedures Approved: Date: 02/13/14 Attachments: 1)Location and Impacts Plan 2)Monster Lead Wall Agreement Agenda Item 8I 189 190 BLANK 191 192 193 194 195 196 197 198 199 200 201 202 203 204 205 206 207 BLANK 208 209 210 211 212 213 214 215 216 217 218 BLANK 219 BLANK 220 BLANK 221 BLANK 222 BLANK 223 BLANK 224 225 226 227 228 229 230 231 232 233 234 235 236 BLANK 237 238 239 BLANK 240 241 242 BLANK 243 244 245 246 247 248 249 BLANK 250 BLANK 251 BLANK 252 253 254 BLANK 255 256 257 258 259 260 261 262 263 264 265 266 267 BLANK 268 269 270 271 273 274 275 276 277 278 279 280 281 BLANK 282 283 284 285 AGENDA ITEM 8J RIVERSIDE COUNTY TRANSPORTATION COMMISSION DATE: March 12, 2014 TO: Riverside County Transportation Commission FROM: Western Riverside County Programs and Projects Committee Mark Lancaster, Right of Way Manager Marlin Feenstra, Project Delivery Director THROUGH: Anne Mayer, Executive Director SUBJECT: On-Call Property Maintenance and Repair Services WESTERN RIVERSIDE COUNTY PROGRAMS AND PROJECTS COMMITTEE AND STAFF RECOMMENDATION: This item is for the Commission to: 1)Approve the following agreements to provide on-call property maintenance and repair services for a three-year term, and two one-year options to extend the agreement, in an amount not to exceed an aggregate value of $1.5 million; a)Agreement No. 14-33-046-00 with Braughton Construction, Inc.; b)Agreement No. 14-33-047-00 with Carry-All; c)Agreement No. 14-33-048-00 with Joshua Grading and Excavating, Inc.; and d)Agreement No. 14-33-063-00 with Real Estate Consulting & Services, Inc. 2)Authorize the Executive Director, or designee, to execute task orders awarded to contractors under the terms of the agreements; and 3)Authorize the Chair or Executive Director, pursuant to legal counsel review, to execute the agreements, including option years, on behalf of the Commission. BACKGROUND INFORMATION: The Commission’s Right of Way Department is responsible for the maintenance and management of over 600 real estate parcels throughout Western Riverside County varying in size from one to fifty-five acres. Certain parcels are developed and others are vacant land. The Commission-owned properties must be maintained in accordance with relevant codes, regulations, and local ordinances including timely responses to local code enforcement citations and scheduled seasonal fire abatement requirements. The Commission requires the services of one or more qualified contractors to provide a variety of maintenance and repair services for Commission-owned properties, parcels, and appurtenances. The agreements for the current on-call bench of contractors are set to expire in April 2014. In order to maximize competitive pricing and provide adequate resources to Agenda Item 8J 286 address the sizeable and varied workload, staff recommends the establishment of a new on-call bench to provide weed abatement, vegetation control, litter and debris removal, and fence and sign repair services. An indefinite delivery/indefinite quantity task order type of contract was chosen because the nature and scope of the anticipated services are clear; however, the timing, quantity, and delivery of the required services are uncertain. Further, the competitive task order format ensures the Commission is receiving a fair and reasonable price for services provided under each task order awarded by the Commission. Procurement Process This procurement was conducted in accordance with established Commission procurement policies and procedures. Staff determined the competitively negotiated procurement method was appropriate for these services as it allows the Commission to identify the most advantageous proposal with price and technical factors considered. Minimum qualifications required of each potential proposer were established, and staff developed a weighted evaluation criterion, including price. Non-price elements of the evaluation criteria included experience in performing similar work, relative qualifications of project staff, proposed work plan, and the proposer’s ability to respond to the requirements set forth under the terms of the request for proposal (RFP). RFP No. 14-33-046-00 was released by staff on October 24, 2013. A public notice was advertised in the Press Enterprise newspaper, and the RFP was posted on the Commission’s PlanetBids website, which is accessible through the Commission’s website. Electronic mail messages were sent to vendors registered in the Commission’s PlanetBids database that fit the RFP qualifications. Additionally, postcards were sent to 52 firms registered on PlanetBids or who had previously expressed interest in these services; 10 of these firms are located in Riverside County. Twenty firms downloaded the RFP package from the PlanetBids site; 3 of these firms indicated they were non-bidders and 7 are local firms. A pre-proposal conference was held on November 5, and 5 firms attended – 1 of the firms was local. Staff responded to all questions submitted by potential proposers prior to the November 21 clarification deadline date. Four firms – Braughton Construction, Inc. (Rancho Cucamonga); Carry-All (Corona/Norco); Joshua Grading and Excavating, Inc. (Phelan); and Real Estate Consulting & Services, Inc. (Santa Ana) – submitted responsible and responsive proposals prior to the December 5 submittal deadline. Utilizing the evaluation criteria set forth in the RFP, all firms were evaluated and scored by an evaluation committee comprised of Commission and Bechtel staff. Based on their overall score according to the evaluation criteria listed in the RFP, the evaluation committee recommends all four firms for award of property maintenance and repair services. Agenda Item 8J 287 Subsequent to the Western Riverside County Programs and Projects Committee meeting, staff contacted 12 local firms who expressed interest in this RFP or were notified of the RFP by postcard to determine why a proposal was not submitted. As a result of the survey, staff noted 5 firms were non-bidders, 3 could not be reached or did not respond to a voicemail message, 2 elected not to submit a proposal due to certain conflicts, 1 could not recall receipt of either the PlanetBids or postcard notification, and 1 who is a vendor on the current on-call bench indicated it could not meet the Commission’s updated insurance requirements and did not submit a proposal. Based on the methods of advertisement for this RFP and subsequent survey of potential vendors, staff determined the Commission provided an adequate opportunity and notice for prospective vendors to respond to the RFP. Conclusion Multiple award, on-call, and task order type contracts do not guarantee work to any of the awardees; therefore, no funds are guaranteed to any consultant. Consultants will be selected for specific tasks based on the information contained in their proposals. Services will be provided through the Commission’s issuance of contract task orders to the consultants on an as-needed basis. Staff oversight of the contract will work to maximize the effectiveness of the consultant and minimize the costs to the Commission. The recommended awardees' labor rates were competitively established and considered fair and reasonable based upon adequate price competition under the above referenced procurement process and staff evaluation of historical costs paid by the Commission for the same or similar services. Staff is confident the recommended firms will provide the Commission with quality service at a fair price. Staff recommends the award of Agreement No. 14-33-046-00 to Braughton Construction, Inc.; Agreement No. 14-33-047-00 to Carry-All; Agreement No. 14-33-048-00 with Joshua Grading and Excavating, Inc.; and Agreement No. 14-33-063-00 with Real Estate Consulting & Services, Inc. to provide on-call property maintenance and repair services for a three-year term, and two one-year options, in an amount not to exceed an aggregate value of $1.5 million. Financial Information In Fiscal Year Budget: Yes N/A Year:FY 2013/14 FY 2014/15+ Amount: $ 150,000 $ 1,350,000 Source of Funds: Measure A, Federal, and State Budget Adjustment: No N/A GL/Project Accounting No.: 332402 733XX 221 33 73301 622402 733XX 262 31 73301 312402 733XX 222 31 73301 Fiscal Procedures Approved: Date: 02/13/14 Agenda Item 8J 288 AGENDA ITEM 8K RIVERSIDE COUNTY TRANSPORTATION COMMISSION DATE: March 12, 2014 TO: Riverside County Transportation Commission FROM: Western Riverside County Programs and Projects Committee Henry Nickel, Staff Analyst Sheldon Peterson, Rail Manager THROUGH: Anne Mayer, Executive Director SUBJECT: Proposition 1B Fiscal Year 2012/13 California Transit Security Grant Program – California Transit Assistance Fund and Supporting Resolution for the Commission’s Commuter Rail Program WESTERN RIVERSIDE COUNTY PROGRAMS AND PROJECTS COMMITTEE AND STAFF RECOMMENDATION: This item is for the Commission to: 1) Adopt Resolution No. 14-012, “Resolution of the Riverside County Transportation Commission Approving the Allocation of FY 12-13 Proposition 1B-6561-0002 California Transit Security Grant Program-California Transit Assistance Funds to the RCTC Commuter Rail Program and Designation of Authorized Agent”; and 2) Allocate the California Transit Security Grant Program-California Transit Assistance Funds (CTSGP-CTAF) funds totaling $355,748 for the Commission’s Commuter Rail Program. BACKGROUND INFORMATION: The Highway Safety, Traffic Reduction, Air Quality, and Port Security Bond Act of 2006, approved by the voters as Proposition 1B in November 2006, includes a program of funding in the amount of $1 billion to be deposited in the Transit System Safety, Security, and Disaster Response Account (TSSSDRA). Sixty percent of those funds are being made available for eligible transit system safety and security projects under the CTSGP-CTAF. The CTSGP-CTAF is administered by the Governor’s Office of Homeland Security (OHS). Of these funds, 50 percent shall be allocated by the State Controller to eligible transit agencies using the formula in Section 99314 of the Public Utilities Code (operator allocation), and 50 percent shall be allocated by the State Controller to regional transportation agencies such as the Commission using the formula in Section 99313 of the Public Utilities Code (population allocation), subject to the provisions governing funds allocated under those sections. Agenda Item 8K 289 For the current fiscal year, the Commission expects to receive $1,553,822 in total population funds per Section 99313. The Commission is responsible for calculating eligible amounts for each project sponsor under its authority. The transit agencies within Riverside County will receive the CTSGP-CTAF non-discretionary operator funds totaling $231,221, as identified in Attachment 2, directly from the State Controller per Section 99314. These funds are designated to be used for transit capital projects that provide increased protection against a security or safety threat including, but not limited to, the following: • Construction or renovation projects that enhance security of public transit stations or other transit facilities; • Explosive device mitigation and remediation equipment; • Chemical, biological, radiological, and nuclear explosives search, rescue, or response equipment; • Interoperable communications equipment; • Physical security enhancement equipment; • Installation of fencing, barriers, etc. to improve security at transit stations or other transit facilities; • Capital expenditures to increase the capacity of transit operators to develop disaster response transportation systems that can move people, equipment, etc. in the aftermath of a disaster; or • Other security related projects approved by the OHS. Funds will be allocated directly to the project sponsors upon Commission approval. Project sponsors have three years to complete all eligible projects. The OHS is requiring a resolution from the Commission regarding the allocation of population funds for Western Riverside County rail per Section 99313. This resolution is needed in order to successfully complete the grant submittal process for the Commission’s rail program. Attachment 1 is Resolution No. 14-012 to approve and authorize the Commission, as the rail project sponsor, to apply for the CTSGP-CTAF population funds through the OHS. Subsequent resolutions for the bus transit operators will be submitted following approval by their Boards or city councils. Financial Impact Since the funds are directly allocated to the project sponsor, the only Commission financial impact is for the allocation of funds to the Commuter Rail Program in Riverside County, estimated at $355,748, comprised of $271,728 of population funds per Section 99313 and $84,020 of operator funds per Section 99314. These funds will be included in the FY 2014/15 Commission budget and shall be used to provide updated security and surveillance capabilities at the Commission’s Metrolink stations. Agenda Item 8K 290 Financial Information In Fiscal Year Budget: N/A Year: FY 2014/15 Amount: $355,748 Source of Funds: Prop 1B CTSGP-CTAF Funds Budget Adjustment: N/A GLA No.: 004012 415 41507 265 33 41502 Fiscal Procedures Approved: Date: 02/13/14 Attachments: 1) Resolution 14-012 of Approval and Authorization 2) Recommended Prop 1B-Security Fund Distribution by Operator Agenda Item 8K 291 BLANK ATTACHMENT 1 RESOLUTION NO. 14-012 RESOLUTION OF THE RIVERSIDE COUNTY TRANSPORTATION COMMISSION APPROVING THE ALLOCATION OF FY 12-13 PROPOSITION 1B-6561-0002 CALIFORNIA TRANSIT SECURITY GRANT PROGRAM- CALIFORNIA TRANSIT ASSISTANCE FUNDS TO THE RCTC COMMUTER RAIL PROGRAM AND DESIGNATION OF AUTHORIZED AGENT WHEREAS, the Highway Safety, Traffic Reduction, Air Quality, and Port Security Bond Act of 2006 authorizes the issuance of general obligation bonds for specified purposes, including, but not limited to, funding made available for capital projects that provide increased protection against security and safety threats, and for capital expenditures to increase the capacity of transit operators to develop disaster response transportation systems; and WHEREAS, the California Governor’s Office of Emergency Services (Cal OES) administers such funds deposited in the Transit System Safety, Security, and Disaster Response Account under the California Transit Security Grant Program (CTSGP); and WHEREAS, the Riverside County Transportation Commission (RCTC) is eligible to receive CTSGP funds; and WHEREAS, RCTC will apply for FY 12-13 CTSGP funds in an amount up to $355,748 for a Digital Camera Conversion to provide updated security and surveillance capabilities at all Riverside County Metrolink Stations; and WHEREAS, RCTC recognizes that it is responsible for compliance with all Cal OES CTSGP grant assurances, and state and federal laws, including, but not limited to, laws governing the use of bond funds; and WHEREAS, Cal OES requires RCTC to complete and submit a Governing Body Resolution for the purposes of identifying agents authorized to act on behalf of RCTC to execute actions necessary to obtain CTSGP funds from Cal OES and ensure continued compliance with Cal OES CTSGP assurances, and state and federal laws. NOW, THEREFORE IT BE RESOLVED THEREFORE, IT IS HEREBY RESOLVED BY THE RIVERSIDE COUNTY TRANSPORTATION COMMISSION THAT SHELDON PETERSON, RAIL PROGRAM MANAGER, AND/OR HIS DESIGNEE, is hereby authorized to execute for and on behalf of RCTC, a public entity established under the laws of the State of California, any actions necessary for the purpose of obtaining financial assistance provided by the California Governor’s Office of Emergency Services under the CTSGP. 292 APPROVED AND ADOPTED this 12th day of March 2014. Marion Ashley, Chair Riverside County Transportation Commission ATTEST: Jennifer Harmon, Clerk of the Board Riverside County Transportation Commission 293 Bus Rail (A)8879.58(a)(2) Discretionary 963,401 271,728 300,062 18,631 1,553,822 City of Banning 18,016 City of Beaumont 18,016 City of Corona 36,995 City of Riverside 46,147 Riverside Transit Agency 844,228 (B)8879.58(a)(3) Non-Discretionary 74,455 84,020 71,808 938 231,221 City of Banning 1,182 City of Beaumont 717 City of Corona 2,577 City of Riverside 2,327 Riverside Transit Agency 67,652 (A+B)Total - Prop 1B (Transit Security) $1,037,856 $355,748 $371,870 $19,569 $1,785,043 Population Source: California Department of Finance, Demographic Research Unit (1/1/11) Area Population % Western Riverside 1,762,906 79.49% Coachella Valley 428,280 19.31% Palo Verde Valley 26,592 1.20% Total 2,217,778 100.00% * For Western Riverside: Bus Services (78%), Rail Services (22%) jsc: updated 11/5/12 FY 2012/13 California Transit Security Program (Prop 1B) Funding Allocation California Emergency Management Agency Issued: November, 2012 Western Riverside*Coachella Valley Palo Verde Valley Total ATTACHMENT 2 294 AGENDA ITEM 8L RIVERSIDE COUNTY TRANSPORTATION COMMISSION DATE: March 12, 2014 TO: Riverside County Transportation Commission FROM: Budget and Implementation Committee Jillian Guizado, Staff Analyst Brian Cunanan, Commuter Assistance Manager THROUGH: Anne Mayer, Executive Director SUBJECT: SB 821 Program Revisions BUDGET AND IMPLEMENTATION COMMITTEE AND STAFF RECOMMENDATION: This item is for the Commission to: 1) Approve the allocation of $285,897 to the city of Temecula (Temecula) to fully fund the Pauba Road sidewalk improvement project and apply $2,114 to the next SB 821 Call for Projects (SB 821 Call); and 2) Approve the Technical Advisory Committee (TAC) SB 821 subcommittee’s (subcommittee) recommendation to maintain a competitive call is to extend the SB 821 Call from its current annual basis to a biennial basis, and set the SB 821 Call release date for the first Monday of every other February and the SB 821 Call close date for the last Thursday of every other April, beginning February 2015. BACKGROUND INFORMATION: Each year, 2 percent of the Local Transportation Fund (LTF) revenue is made available for use on bicycle and pedestrian facility projects through the Commission’s SB 821 program. This is a discretionary program administered by the Commission. At its June 2013 meeting, the Budget and Implementation Committee reviewed and forwarded to the Commission the SB 821 Bicycle and Pedestrian Facilities Program FY 2013/14 recommended funding schedule (funding schedule). Several committee members commented on concerns with the existing SB 821 evaluation criteria, last revised in 1995. As such, a TAC subcommittee was created to accomplish the task of reviewing and updating the SB 821 Program. At its July 2013 meeting, the Commission approved the funding schedule. In October 2013, staff received a letter from the city of Eastvale withdrawing its Scholar Way project from the funding schedule, freeing up $144,853. At its November 2013 meeting, the Commission approved the revised funding schedule to reallocate $98,500 to fully fund the city of Indio’s Jefferson Street sidewalk project and to allocate the remaining $46,353 to partially Agenda Item 8L 295 fund Temecula’s Pauba Road sidewalk improvement project. Temecula agreed to provide the original match of 20 percent to the $46,353, all of which will be used for the design of the proposed facility. In January 2014, the Commission approved the FY 2013/14 Mid-Year Revenue Projections presented by the Finance Department. That item included a projection of increased SB 821 funding of $288,011. DISCUSSION: Temecula Allocation Staff examined the revised funding schedule where it was discovered that the amount needed by Temecula to fully fund the Pauba Road sidewalk improvement project is $285,897. Staff is recommending another revision to the funding schedule to combine the previously allocated amount of $46,353 with the $285,897 from the increased revenue projection to fully fund Temecula’s project in the amount of $332,250. City staff stated Temecula can provide the originally proposed 20 percent match in the amount of $84,450 to complete the project. The remaining $2,114 of the projected increased SB 821 funding will be applied toward the next SB 821 Call. Subcommittee Recommendation The TAC SB 821 subcommittee consisted of 15 volunteers, equally representing Western Riverside County (WRC) and Coachella Valley (CV). On November 7, the subcommittee convened for its first meeting with 8 members in attendance. The subcommittee discussed the administration of the SB 821 program looking at the following possibilities: • Annual distribution of funds on a per capita basis (no longer administer funds through a competitive call for projects); • Annual or biennial distribution of funds through a competitive call for projects with separate funds for WRC and CV as determined on a per capita basis; • Annual distribution of funds through a competitive call for projects (current administration method); and • Biennial distribution of funds through a competitive call for projects. The subcommittee determined that distributing funds on a per capita basis was not desirable due to the extremely small amounts of funding some of the small CV cities would receive. Members of the subcommittee felt that maintaining a competitive call for projects, even if a jurisdiction does not receive an allocation every year it proposes a project, generally allows cities to secure more funding for a specific project than the jurisdiction would have received if funds were distributed on a per capita basis. Agenda Item 8L 296 Distribution of funds on an annual basis versus a biennial basis was discussed at length. The subcommittee members discussed the benefits and drawbacks of the current annual administration method. The most notable benefit was the ability to compete annually to secure funds for bicycle and pedestrian projects. Several drawbacks were presented, including staff shortages, the minimal amount of funds available in each SB 821 Call, and the difficulty to obtain the appropriate evaluation committee members. Therefore, the subcommittee recommends maintaining a competitive call for projects, extending the SB 821 Call from its current annual basis to a biennial basis, and setting the SB 821 Call release date for the first Monday of every other February and the SB 821 Call close date for the last Thursday of every other April, starting in 2015. In the place of a 2014 call, the subcommittee proposed that bimonthly meetings be held following the TAC meetings throughout 2014, to revise additional SB 821 Program administration policies. These policies may include the evaluation criteria, composition of the evaluation committee, and allowable expenses and claim processes. Staff will present a comprehensive report of the subcommittee’s recommendations to the Commission for final approval prior to the February 2015 SB 821 Call release. Staff proposes the approval of the subcommittee’s recommendation to maintain a competitive SB 821 Call, extend the SB 821 Call from its current annual basis to a biennial basis, and set the SB 821 Call release date for the first Monday of every other February and the SB 821 Call close date for the last Thursday of every other April, beginning February 2015. Financial Information In Fiscal Year Budget: N/A Year: FY 2014/15 Amount: $285,897 Source of Funds: LTF Budget Adjustment: N/A GL/Project Accounting No.: 601 62 86106 Fiscal Procedures Approved: Date: 02/18/14 Attachments: SB 821 FY 2013/14 Recommended Funding Schedule Agenda Item 8L 297 RIVERSIDE COUNTY TRANSPORTATION COMMISSION SB 821 BICYCLE AND PEDESTRIAN FACILITIES PROGRAM FY 2013/14 RECOMMENDED FUNDING SCHEDULE Revised: Feb. 2014 Total SB 821 Funds Recommended Cummulative Average Rank Agency Project Description Costs Requested Allocation Funds Allocated Score 1 Menifee McCall Boulevard Sidewalk Improvements 130,300$ 65,000$ 65,000$ 65,000$ 79.17 2 Perris Ruby Drive Sidewalk and Pedestrian Bridge 108,000$ 50,000$ 50,000$ 115,000$ 78.83 3 Moreno Valley Pedestrian and Bicycle Enhancements 608,000$ 125,000$ 125,000$ 240,000$ 78.83 4 Riverside Market Street Bike Facilities 62,517$ 31,259$ 31,259$ 271,259$ 77.83 5 San Jacinto Chase Street/Ramona Expressway Sidewalk 60,000$ 30,000$ 30,000$ 301,259$ 77.67 6 Riverside Rutland and Gramercy Avenue Sidewalks 380,042$ 190,021$ 190,021$ 491,280$ 76.67 7 Moreno Valley Access Ramp Pedestrian Enhancements 312,000$ 125,000$ 125,000$ 616,280$ 74.33 8 Wildomar George Avenue Sidewalk Infill Improvements 139,429$ 69,714$ 69,714$ 685,994$ 74.33 9 Eastvale Scholar Way Sidewalk Accessibility Improvements 289,706$ 144,853$ $ 0*685,994$ 73.83 10 Hemet Gilbert Street ADA Ramps 133,000$ 66,500$ 66,500$ 752,494$ 73.83 11 Riverside County Van Buren Street 550,000$ 275,000$ 275,000$ 1,027,494$ 73.50 12 San Jacinto Cawston Avenue Sidewalk Improvements 340,000$ 45,000$ 45,000$ 1,072,494$ 73.33 13 Riverside County Columbia Street 351,000$ 175,500$ 175,500$ 1,247,994$ 72.33 14 Coachella Rancho Las Flores Park Sidewalk Improvement 150,000$ 75,000$ 75,000$ 1,322,994$ 71.17 15 Riverside Wheelchair Ramps Construction 267,600$ 133,800$ 133,800$ 1,456,794$ 71.17 16 Menifee Garbani Road Sidewalk Improvements 68,750$ 34,375$ 34,375$ 1,491,169$ 71.00 17 Jurupa Valley Golden West Avenue Sidewalk Infill Project 140,000$ 70,000$ 70,000$ 1,561,169$ 70.17 18 Indio Highway 111 Pedestrian Accessibility Project 164,100$ 74,900$ 74,900$ 1,636,069$ 69.83 19 Indio Jefferson Street Sidewalk 262,525$ 98,500$ 98,500$ 1,734,569$ 69.67 20 Temecula Pauba Road Sidewalk Improvements 416,700$ 332,250$ 332,250$ 2,066,819$ 69.17 21 Desert Hot Springs Cabot Yerxa Elementary Ped. Improvements 3,229,000$ 195,000$ -$ -$ 66.83 22 Palm Springs Indian Canyon Drive Bicycle Lanes 30,550$ 21,380$ -$ -$ 66.00 23 Lake Elsinore Mission Trail from Hidden Trail to Olive 971,586$ 667,835$ -$ -$ 64.33 24 Jurupa Valley Pyrite Street Sidewalk Infill Project 59,000$ 46,200$ -$ -$ 64.17 25 Palm Springs Missing Link Sidewalks 132,150$ 92,500$ -$ -$ 62.67 26 Lake Elsinore Sumner Ave between Lewis and Scrivener 77,708$ 33,404$ -$ -$ 61.00 27 Beaumont Brookside Avenue Sidewalk 119,650$ 59,825$ -$ -$ 60.33 28 Banning Sunrise Avenue 150,000$ 105,000$ -$ -$ 58.83 30 Lake Elsinore Sumner Avenue at Scrivener 114,335$ 44,943$ -$ -$ 58.00 31 Lake Elsinore Corydon Road from Cereal to Palomar 618,592$ 409,794$ -$ -$ 57.50 32 Lake Elsinore Lewis Street between Sumner and Heald 69,230$ 30,365$ -$ -$ 53.83 Totals 10,699,951$ 4,004,012$ 2,066,819$ *City submitted project withdrawal 10/2/2013 due to developer building project. 298 AGENDA ITEM 9 RIVERSIDE COUNTY TRANSPORTATION COMMISSION DATE: March 12, 2014 TO: Riverside County Transportation Commission FROM: Budget and Implementation Committee Theresia Trevino, Chief Financial Officer THROUGH: Anne Mayer, Executive Director SUBJECT: Proposed Policy Goals and Objectives for Fiscal Year 2014/15 Budget BUDGET AND IMPLEMENTATION COMMITTEE AND STAFF RECOMMENDATION: This item is for the Commission to approve the proposed Commission Policy Goals and Objectives for the FY 2014/15 Budget. BACKGROUND INFORMATION: The initial step in the budget process is to develop policy goals and objectives for the next fiscal year that are consistent with the Commission’s overall strategic direction. Most importantly, the adoption of the Commission Policy Goals and Objectives for the annual fiscal year budget provides an opportunity to match the Commission’s spending priorities in a manner that implements the promises made to the citizens of the county of Riverside in both Measure A Expenditure Plans and that fulfills other Commission responsibilities. The Commission’s seven long-term policy goals are: • Promote mobility; • Mitigate and address the impact of goods movement; • Encourage economic development; • Ensure improved system efficiencies; • Foster environmental stewardship; • Support transportation choices through intermodalism and accessibility; and • Prioritize public and agency communications. The Commission’s Financial and Administrative Policies are also included in the Commission Policy Goals and Objectives for the FY 2014/15 Budget. Attachment: Proposed Commission Policy Goals and Objectives for FY 2014/15 Budget Agenda Item 9 299 Commission Policy Goals and Objectives In addition to financial and administration policies, the Commission has seven long-term policy goals: promote mobility, mitigate and address the impact of goods movement, encourage economic development, ensure improved system efficiencies, foster environmental stewardship, support transportation choices through intermodalism and accessibility, and prioritize public and agency communications. For each of these policy goals, the objectives and initiatives that were considered in the framework of the work plan for the FY 2014/15 budget are identified below. While Riverside County shows signs of economic recovery, the Commission remains cautious about revenue availability. The need for better transportation remains a top public priority, and the Commission is poised to address this challenge via the seven policy goals. In moving forward with an aggressive program of projects and services, the Commission may face fluctuating Measure A, TUMF, and TDA revenues and uncertainty regarding the availability of federal and state transportation revenues. Due to the long-term nature of many of the Commission’s programs, many of the policy goals’ objectives and initiatives are ongoing from year to year. Promote Mobility The Commission, in cooperation with local, state, and federal agencies, will strive to create a transportation system that promotes efficient mobility both within the County and region. • Continue to aggressively pursue completion of the environmental, design, and construction processes on key components of the Western Riverside County Delivery Plan, which includes the SR-91, I-15, and I-215 corridor improvement projects and the SR-60 truck climbing lane project. • Enhance corridor mobility and traveler choice by: o Continuing property acquisition and construction on the SR-91 corridor improvement project through Corona, which includes the extension of tolled express lanes (91 Express Lanes) into Riverside County; and o Continuing to develop a tolled express lane system on I-15 between SR-60 and Cajalco Road. • Provide leadership in the planning and development of the San Gorgonio Pass-Coachella Valley corridor rail service. • Work closely with partners in the Coachella Valley, including CVAG and SunLine Transit Agency (SunLine) to ensure the implementation of Measure A funding priorities. • Complete projects and programs included in the 1989 Measure A ordinance and determine use(s) for any unexpended revenues. • Continue the preliminary engineering and environmental clearance for the Mid County Parkway and SR- 79 realignment projects. • Continue to work with state and federal agencies to fund and construct projects programmed in the STIP, Federal Transportation Improvement Program (FTIP), Proposition 1B bond programs, Active Transportation Program, and Measure A program as well as other high priority regional projects. • Maximize obtaining all available transportation funds and strategically program funds to meet funding deadlines and to prevent the lapse and loss of funds. • Leverage the effective application and use of Measure A Western County regional arterial and other state and federal funds to deliver eligible regional arterial projects. • Work closely with local jurisdictions to administer the TUMF Regional Arterial Program and facilitate the delivery of eligible arterial improvements in Western County. • Actively participate in the SR-91 Advisory Committee to facilitate near and long-term improvements to SR-91, enhance intercounty public transit options, and foster mobility improvements between the two counties. • Advocate streamlining efforts at the state and federal levels that will reduce costs, time, and delays currently associated with project delivery including, but not limited to, timely project reviews and approvals. • Continue to coordinate and provide public access to commuter information via the IE511 system and focus commuter assistance and IE511 outreach efforts under one brand. 300 • Continue cooperation with the FTA regarding the Small Starts process to support the continuation of construction and initiation of the Perris Valley Line commuter rail service in 2015. • Continue to work with the public transit operators to control costs and increase system efficiencies in order to accommodate and adjust to fluctuating revenues from local, state and federal sources. • Continue to develop transit service to further promote seamless intracity, intercity, and regional transit connectivity for County residents. Mitigate and Address the Impact of Goods Movement The Commission will work with federal, state, and local governments to facilitate the movement of goods and services to, within, and through the County, recognizing the vital role goods movement mobility plays in the economic health of the County, the State, and the nation. • Seek funding and local agency concurrence to implement the Commission’s approved, high-priority railroad grade separation list to mitigate the impact of increased goods movement demands on the transportation system. • Encourage Congress to create a federal freight trust fund, or similar program with a dedicated and firewalled revenue structure, in order to treat the nation’s multimodal national goods movement network as a system rather than individual projects. • Remain committed to a regional approach regarding goods movement issues in order to maximize funding from state and federal sources to goods movement needs in Southern California. • Continue working with the Ports and regional transportation commissions to develop a funding mechanism for needed projects and mitigation on a regional basis. • Provide input to the National Freight Advisory Committee regarding the establishment of a national freight network and California State Freight Advisory Committee regarding regional freight priorities. Encourage Economic Development Transportation decisions will consider the economic benefits derived from any improvement, and, where feasible and practical, will pursue transportation alternatives that enhance or complement economic development. • Commit to seek opportunities related to transportation projects that will create jobs and improve the economic base in the County. • Support local agencies in the design and construction of interchanges that are in proximity to regional economic centers and developments. • Support local projects, consistent with countywide transportation goals, which enhance business development, local employment, and area tourism. Ensure Improved System Efficiencies The Commission will select projects and allocate funds in a manner that will improve safety and reduce congested traffic corridors. • Advocate the development and use of advanced technologies for transportation applications that are affordable and practical. • In partnership with SANBAG, implement enhancements to the IE511 mobile application for improved deployment of real-time traffic information, real-time bus and rail transit trip planning information, and rideshare information available to commuters for the purpose of trip planning and reducing congestion. • Assure the effectiveness of transit planning through coordination with the County’s eight transit operators, Citizens’ Advisory Committee, and annual SRTP process with a goal toward promoting program productivity, efficiency, and effectiveness. • Provide innovative commuter rideshare programs to reduce single occupant vehicle trips and coordinate with other regional rideshare service providers to address intercounty commute trips. • Work with local jurisdictions, Caltrans, and the CHP to continue efficient delivery of a comprehensive motorist aid system which includes an IE511 traveler information service, a call box program, and a FSP 301 program, including temporary services in freeway construction zones. • Leverage resources to incorporate park and ride facilities and additional connecting bus service at Metrolink stations that may have available capacity. • Continue working with Caltrans to monitor traffic conditions for the purpose of focusing transportation funds on congested corridors and system deficiencies. • Work with Caltrans and regional agencies in developing resources for preservation and maintenance of the highways and regional arterials. • Support the implementation of active transportation facilities that support transportation alternatives. Foster Environmental Stewardship The Commission will achieve its mobility goals while promoting environmental stewardship and protecting the area’s natural resources and quality of life. • Continue working with the Western Riverside County Regional Conservation Authority (RCA), Caltrans, and state/federal resource agencies to implement the MSHCP. • Work with the Southern California Association of Governments (SCAG), South Coast Air Quality Management District (SCAQMD), sub-regional agencies, and local jurisdictions to implement the current RTP and sustainable communities’ strategy that meets regional air quality goals, conformity guidelines, and SB375 green house reduction targets for the SCAG region. • Support a variety of outreach channels and educational programs that promote the benefits of ridesharing, public and specialized transit, rail, and availability of commuter resources for the purposes of reducing vehicle trips, vehicle miles traveled, and emissions. • Facilitate private/public use of clean fuels technology. • Continue to develop sustainable and green commuter rail stations and provide upgrades and rehabilitation projects to reduce the environmental impact of the existing stations. Support Transportation Choices through Intermodalism and Accessibility County residents will be served, where economically feasible, through the development of transportation alternatives and travel options that consider the needs of a wide range of citizens. • Work with transit providers and local social service agencies to provide specialized transit service to meet a broad spectrum of socio-economic transit needs of seniors, veterans, persons with disabilities, and low income residents. • Leverage commuter and motorist assistance outreach channels in order to increase the awareness and use of alternative commuting modes. • Implement the Commission’s commuter rail SRTPs and Southern California Regional Rail Authority’s (SCRRA or Metrolink) plan for commuter rail services. • Continue to pursue the goals and objectives as outlined in the Coordinated Public Transit-Human Services Transportation Plan (Coordinated Plan) for Riverside County related to a unified, comprehensive but flexible strategy for transportation service delivery to address transportation gaps and/or barriers focusing on unmet transportation needs of elderly individuals, persons with disabilities, and individuals of limited income. • Enhance security, surveillance, and emergency response capabilities of County transit facilities and roadway infrastructure through proactive planning, interagency coordination, and investment. Prioritize Public and Agency Communications The Commission will provide timely, informative, and accurate reporting to encourage informed public and agency participation in the Commission’s decision-making processes. • Promote a close working relationship with news and civic entities to increase interest and understanding of transportation and related issues. • Enhance the provision of public information through various forms of communication (e.g., website, 302 annual report, monthly newsletter, television, Speakers Bureau, print media, radio, etc.). • Maintain an ongoing effort of informing Riverside County’s Congressional and State Legislative delegations regarding transportation issues. • Develop an effective long-range legislative strategy regarding state and federal funding and policy. • Protect and enhance flexibility in the Commission’s use of state and federal transportation revenue in addressing regional priorities and needs. • Explore local options for sustainable funding in addressing long-term transportation and quality-of-life needs for Riverside County. • Seek legislative flexibility for innovation in financing, construction, and maintenance of regional transportation projects. • Pursue policy objectives contained in the Commission’s comprehensive adopted legislative platforms. • Maintain ongoing efforts to educate commuters, businesses, and the public regarding the Commission’s toll planning efforts and specific project development efforts underway. • Keep the public informed about construction-related impacts from projects. Financial and Administration Policies Financial Planning Policies • Administrative costs, including salaries and benefits, shall be funded by allocations from Measure A, LTF, FSP, SAFE, and TUMF funds. • The Commission shall budget no more than one percent (1%) of Measure A sales tax revenues for administrative salaries and benefits. • Administrative program delivery costs will be budgeted at whatever is reasonable and necessary, but not to exceed four percent (4%) of Measure A sales tax revenues (inclusive of the one-percent salary limitation). The Commission shall budget 100% of the annual required contribution related to the postretirement health care benefits. • The Commission shall utilize unexpended 1989 Measure A funds only for projects and programs included in the 1989 Measure A. Sales tax revenues from the 2009 Measure A shall be expended only for projects and programs included in the 2009 Measure A. • Amounts will be budgeted by fiscal year for multi-year projects, based on best available estimates, with the understanding that, to the extent actuals vary from those estimates and the project is ongoing, adjustments will be made on a continual basis. • The fiscal capital budget should be consistent with the strategic plan and deviations appropriately noted, explained, and justified. • A balanced budget shall be adopted annually with operating and capital expenditures and other financing uses equal to or less than identified revenues and other financing sources as well as available fund balances. Revenue Policies • Sales tax revenue projections will be revised semi-annually to ensure use of current and relevant data. Staff may adjust annual amounts during the budget preparation process to reflect the most current economic trends. • A strategic application of local funding sources will be used to maximize federal and state funding of projects. • Fiduciary responsibility regarding Western County TUMF revenues shall be exercised, and revenues will be allocated pursuant to Commission direction and the approved 2009 Measure A. • Adopted toll revenue policies will establish congestion pricing in order to maximize throughput on toll facilities. Such pricing will be adjusted quarterly by pre-defined formulas. 303 Debt Management Policies • Outstanding sales tax revenue bonds shall not exceed $975 million. • Toll revenue supported debt may be issued for specific highway projects and may comprise toll revenue bonds and federal loans. • The Commission will maintain 2.0x debt ratio coverage on all senior sales tax revenue debt and 1.3x debt ratio coverage on all toll revenue debt. • Debt issuance will be for major capital projects including engineering, right of way, and construction. Operating requirements, if any, must be paid from current ongoing revenues and may not be financed except for initial toll operations. • Costs of issuance, including the standard underwriter’s discount, will not exceed two percent (2%). • The Commission may enter into interest rate swaps to better manage assets and liabilities and take advantage of market conditions to lower overall costs and reduce interest rate risk. • While it is the intent of the Commission to establish a cash debt reserve for long term bond issuance, as necessary, surety bonds can be obtained when beneficial to the Commission. • All sales tax revenue debt must mature prior to the termination of 2009 Measure A on June 30, 2039. • All toll revenue supported debt must mature prior to the expiration of toll facility agreements. Expenditure Accountability Policies • Established priorities for planning and programming of capital projects will be reviewed annually with the Commission. • Actual expenditures will be compared to the budget on at least a quarterly basis, and significant deviations will be appropriately noted, explained, and justified. • Operations and maintenance agreements for toll operations will be implemented, and related costs will be compared to toll financing assumptions. Reserve Policies • The Commission will maintain program reserves in accordance with Measure A and TDA policies and guidelines. • The Commission will establish and maintain a transit operator’s reserve of ten percent (10%) for the Coachella Valley and Palo Verde Valley. Additionally, a ten percent (10%) reserve will be established and maintained for each of the Western County transit operators (public bus and commuter rail). • The Commission will establish and maintain reserves for toll operations, capital improvements, and debt service in accordance with toll supported debt agreements. Cash Management and Investment Policies • Where possible, the Commission will encourage receipt of funds by wire transfer to its accounts. • Balances in the bank operating account will be maintained at the amount necessary to meet monthly expenditures. • Construction and operating funds will be invested per the Commission’s established investment policy emphasizing in order of priority: 1) safety, 2) liquidity, and 3) yield. • Cash disbursements to local jurisdictions and vendors/consultants will be completed in an expeditious and timely manner. 304 Auditing, Accounting, and Financial Reporting Policies • The Commission will maintain its ERP system in order to integrate project and toll operations accounting needs and improve accounting efficiency. • The Commission will issue a Comprehensive Annual Financial Report (CAFR); separate financial reports for the LTF, STA, Proposition 1B Rehabilitation and Security Project Accounts, and toll operations upon commencement of such operations; and State Controller’s Transportation Planning Agency Financial Transactions Report as well as Government Compensation in California Report. • An audit is to be conducted annually on the Commission’s accounting books and records. As long as the Commission has outstanding bonds and federal loans, an independent accounting firm must conduct the audit. • The Commission is responsible for ensuring that audits of Measure A and TDA funding recipients are completed and reviewed for compliance and other matters in a timely manner. Human Resources Management Policies • While accommodating the assumption of toll operation responsibilities, Commission staffing levels will be consistent with the intent of its enabling legislation, which envisioned a small, but effective staff. • Contract staff and consultants will be used to augment staff efforts as much as necessary to support programs or workloads, which do not appear to be of a permanent nature. Information Technology Management Policy • Significant effort will be made to maintain efficient and cost-effective technology infrastructure by continuously upgrading network equipment and software to ensure quality performance, productivity, and connectivity among staff, other agencies, toll operator, and the public. Network security will continue to be a top priority to maintain the integrity of the Commission’s network and information. Linking Commission Policy Goals and Departmental Goals and Objectives The following matrix (Table 19) illustrates the linkage of the Commission’s overall policy goals described in this section to the individual departmental goals and objectives included in Section 6. Table 19 – Relationship Between Commission and Departmental Goals Add “X” to Environmental Stewardship and Intermodalism & Accessibility categories for Motorist Assistance Department Mobility Goods Movement System Efficiencies Environmental Stewardship Economic Development Intermodalism & Accessibility Communications Financial & Administration Management Services Executive Management X X X X X X Administration X X Legislative Affairs & Communications X X X X X Finance X Regional Programs Planning and Programming X X X X X X X X Rail Maintenance and Operations X X X X X Public and Specialized Transit X X X X X Commuter Assistance X X X X X X Motorist Assistance X X X X Capital Project Development & Delivery X X X X X X X 305 Budget Policy Goals and Objectives Fiscal Year 2014/15 Budget Development Commission Policy Goals Department Goals and Objectives Budget Adoption Commission Policy Goals Policy GoalsMobility Goods Movement Economic Development System Efficiencies Environmental Stewardship Intermodalism & Accessibility Communications Mobility Projects & Programs •Complete environmental, design, and construction phases for 2009 Measure A projects •Enhance corridor mobility and traveler choice with tolled express lanes •Provide leadership in the planning and development of the San Gorgonio Pass-Coachella Valley corridor rail service •Advocate streamlining efforts regarding project delivery, including CEQA reform •Continue cooperation with FTA on Perris Valley Line (PVL) •Work closely with partners in the Coachella Valley Funding •Work with other agencies to fund and construct projects, including regional arterials •Maximize available funding and prevent loss of funds Multimodal •Coordinate public access to commuter information and focus outreach efforts under one brand •Work with transit operators to manage operations with fluctuating revenues •Develop transit service vision for seamless connectivity Goods Movement Pursue funding and completion of priority grade separations Work with partners to encourage federal freight trust fund for system network Remain committed to regional approach on goods movement to maximize funding Work with agencies to develop funding mechanism for regional projects Provide input on national freight network and regional priorities Economic Development Seek opportunities to create jobs and improve economic base Support local projects that enhance business, employment and tourism Support local agency interchange projects System Efficiencies •Advocate for advanced technologies for transportation applications •Implement enhancements to the IE511 system mobile AppTechnology •Provide innovative rideshare programs •Work with agencies to deliver comprehensive motorist aid system •Use resources to incorporate park and ride facilities and connecting bus services at Metrolink stations Multimodal Services •Assure effective transit planning through coordination with other agencies •Work with Caltrans to monitor traffic conditions •Develop resources with Caltrans and other agencies to preserve and maintain highways and arterials •Support implementation of active transportation facilities that support transportation alternatives Other Environmental Stewardship Implementation •Work with local, state and federal agencies on MSHCP implementation •Work with agencies on RTP and SCS to meet air quality goals, conformity guidelines, and SB375 reduction targets “Green” •Facilitate use of clean fuels technology •Develop sustainable and green commuter rail stations Programs •Support programs that promote multimodal services to reduce trips, miles traveled, and emissions •Play a larger role in supporting and planning active transportation projects Intermodalism & Accessibility Work with agencies to provide specialized transit services Leverage commuter and motorist assistance outreach to increase awareness of commuting modes Implement commuter rail plans Pursue Coordinated Plan goals and objectives for comprehensive and flexible transportation services strategy Enhance security, surveillance and emergency response for transit facilities and infrastructure Communications •Promote working relationships with news and civic entities •Enhance public information delivery methods •Inform state and federal delegations Reporting •Protect and enhance flexibility in use of state and federal funds for regional needs •Explore options for sustainable long-term transportation and quality of life needs •Develop legislative strategies regarding federal and state funding and policy •Seek legislative flexibility for innovation in financing, construction, and maintenance of regional transportation projects •Pursue policy objectives in Commission’s adopted legislative platformsFunding & Legislation •Maintain outreach efforts for toll project planning and specific project development efforts •Keep the public informed of construction-related impactsOutreach Financial & Administrative Policies Accounting •Revenue •Expenditure Accountability •Reserves •Auditing, Accounting, and Financial Reporting Finance •Cash and Investment Management •Debt Management •Financial Planning Administration •Human Resources Management •Information Technology Management Linking Goals Department Mobility Goods Movement System Efficiencies Environmental Stewardship Economic Development Intermodalism & Accessibility Communications Financial & Administration Management Services Executive Management X X X X X X Administration X X Legislative Affairs & Communications X X X X X Finance X Regional Programs Planning and Programming X X X X X X X X Rail Maintenance and Operations X X X X X Public and Specialized Transit X X X X X Commuter Assistance X X X X X X Motorist Assistance X X X X Capital Project Development & Delivery X X X X X X X Next Steps Final Budget June 11—Commission closes public hearing and adopts budget Draft Proposed Budget April 28—B&I review of executive summary May 14—Commission opens public hearing and review of executive summary Development of Budget Departmental budgets, including linkage to Commission policy goals Compilation and review of budgets AGENDA ITEM 10 RIVERSIDE COUNTY TRANSPORTATION COMMISSION DATE: March 12, 2014 TO: Riverside County Transportation Commission FROM: Budget and Implementation Committee Aaron Hake, Government Relations Manager THROUGH: Anne Mayer, Executive Director SUBJECT: State and Federal Legislative Update BUDGET AND IMPLEMENTATION COMMITTEE AND STAFF RECOMMENDATION: This item is for the Commission to receive and file an update on State and Federal Legislation. BACKGROUND INFORMATION: State Update Governor’s 2014 Budget Proposal Last month Governor Brown released his 2014 state budget proposal. Whereas in recent years transportation stakeholders became accustomed to spending reductions, fund borrowing, and other transfers to keep programs as stable as possible, this budget release featured a $1.7 billion top-line increase in spending over last year. The transportation portion of the Governor’s budget accounts for $15.8 billion. The following table summarizes elements of the transportation budget garnering the most attention and of consequence to the Commission: Item Amount Comments HUTA Loan Repayment $100 million Full repayment of a 2010 loan to the General Fund from this account which supports city and county local street and road maintenance. High-Speed Rail $250 million Cap-and-trade auction revenues will be used to fund the initial operating segment of the high-speed rail project. Commuter Rail Connectivity $50 million Administered by Caltrans in a competitive grant program for projects that connect regional rail services to the state high-speed rail project. Rail agencies in Southern and Northern California must be consulted. This program is also funded from cap-and-trade. Agenda Item 10 306 Sustainable Communities $100 million Administered by the Strategic Growth Council for projects that implement SB 375 Sustainable Communities Strategies. Projects could include active transportation, transit- oriented development, clean transportation, and affordable housing. This competitive grant program is also funded by cap-and- trade. Transit $793 million The final remaining funds available under Prop. 1B for public transit operators from the Public Transportation Modernization, Improvement and Service Enhancement Account (PTMISEA) Additional transportation loan funds are proposed for repayment. The Governor recommends investing these proceeds as follows: $110 million for rehabilitation of the state highway system, $100 million for traffic management and mobility projects, $27 million for highway pavement maintenance, $9 million for active transportation projects, and $5 million for environmental mitigation. Commission staff, working in conjunction with the Self-Help Counties Coalition (SHCC), and the California Association of Councils of Governments (CALCOG), will pay particular attention to the investment of cap-and-trade funds and the process by which those funds are administered. The Commission and its allies strongly believe cap-and-trade funds should be administered as a regional grant program to fund the Sustainable Communities Strategies (SCS) adopted by regions to meet the state mandates of AB 32 and SB 375. Given that regional governments have been tasked with implementation of these ambitious state priorities, staff believes the state should provide the resources to deliver the plans the Commission adopted towards those ends. Assembly Republicans Release Transportation Funding Plan The Assembly Republican Caucus unveiled its own transportation investment proposal in early February. The GOP plan identified an additional $2.5 billion of unpaid transportation loans to General Fund. The component of the plan that garnered the most media attention involves returning most of the Proposition 1A High-Speed Rail bond to the ballot and asks voters to repurpose the bond funds for conventional, more immediate rail and highway improvements. Additionally, the plan seeks to return truck weight fees to funding transportation programs, rather than the General Fund (approximately $900 million annually), and reforming a portion of the 2010 fuel tax swap that replaced the state’s sales tax on motor fuels with a fluctuating excise tax. The release of this plan was spearheaded by Riverside County Assemblyman Eric Linder of Corona, Vice Chair of the Assembly Transportation Committee. Agenda Item 10 307 Item Amount Comments Loan Repayment $2.5 billion The Assembly GOP claims $2.5 billion of unpaid loans to the General Fund preceded Proposition 42 (2002), which sealed-off transportation funds from being raided. High-Speed Rail Repurposing $8 billion All but $2 billion of the original Proposition 1A High-Speed Rail bond would be repurposed as follows, upon voter approval: • 40% highway maintenance • 40% highway construction • 20% port and freight improvements Fuel Tax Swap Unwind $1.5 billion Partially unwinds new model where a fluctuating excise tax on fuels is levied in lieu of a sales tax on gasoline. This “tax swap” was enacted to be revenue neutral, yet open some transportation revenues for General Fund relief. By reverting to the Proposition 42 model, more revenue would be protected for transportation purposes. Restore Truck Weight Fees $900 million During previous budget crises, weight fees were diverted to pay debt service on Prop 1B transportation bonds. This had the effect of turning Proposition 1B into a revenue bond rather than a general obligation bond. This proposal would return weight fees to fund transportation programs. California State Transportation Agency Releases Major Reports For more than a year, the newly-formed California State Transportation Agency (CalSTA) has been working on a serious introspective analysis of the role and function of Caltrans and the state of California in general when it comes to transportation. Agency Secretary Brian Kelly led the California Transportation Infrastructure Priorities (CTIP) group, a collection of stakeholders providing recommendations on the vision for CalSTA, Caltrans, and the state’s investments. The CTIP group will continue working in 2014, and a set of interim recommendations has been published. Staff is still analyzing this interim document and will return to the Commission with analysis and proposed responses in the near future. Also, CalSTA commissioned a full, independent review of Caltrans by the State Smart Transportation Initiative (SSTI) based at the University of Wisconsin. SSTI worked with 19 state departments of transportation (DOT’s) across the country, helping offer best practices and reform recommendations. Released in late January, the SSTI review of Caltrans was highly Agenda Item 10 308 critical and brought to light significant issues worthy of further review by all transportation stakeholders in California. As with the CTIP report, staff is still analyzing the report and will bring forth further information to the Commission in the near future. In general, staff commends CalSTA leadership for taking a thorough look at the state’s role in transportation and opportunities for reform. The Commission will continue to engage constructively with CalSTA to deliver transportation solutions for California, and specifically Riverside County. Commission Sponsored Bills Introduced SB 953 (Roth) was introduced on February 6 on behalf of the Commission. This bill will grant authority to the Commission to enforce parking rules at the Metrolink stations in Riverside County. As discussed at the Commission’s January meeting, this enforcement authority does not presently exist due to an artifact of how state law is written. As of the time of this report, SB 953 is pending referral to a policy committee by the Senate Rules Committee. Given the bill has no fiscal impact on the state, SB 953 will not need review by Appropriations Committees, thereby hopefully leading to a more streamlined process through the Legislature. AB 1721 (Linder) was introduced in the Assembly on February 13 on behalf of the Commission. This bill will exempt the Interstate 15 Corridor Improvement Project from a state law that prohibits tolling of green- or white-stickered zero-emission vehicles (ZEV’s). Presently, every other tolled facility in California other than the future I-15 Express Lanes and future Bay Area Express Lanes network do not have to abide by this state mandate. The Commission is seeking equity and local control of tolling policy, given the Commission is incurring hundreds of millions of dollars in financial obligations to build and maintain the I-15 Express Lanes for several decades. AB 1721 is pending referral to a policy committee; most likely it will be sent to the Assembly Transportation Committee, where Assemblyman Linder is the Vice Chairman. This bill also does not need review by Appropriations Committees. Federal Update House and Senate Transportation Committees Begin Hearings House Transportation and Infrastructure Committee Chairman Representative Bud Shuster (R-PA) held an initial hearing on MAP-21 reauthorization on January 14. Senate Environment and Public Works Committee Chairman Senator Barbara Boxer (D-CA) will be holding a similar hearing on February 21 to kick-off the reauthorization season. Oral testimony at these committees has been from the construction industry, organized labor, governors and mayors, and chambers of commerce. All have remained consistent in their theme that congressional action on infrastructure is needed, and economic decline will occur Agenda Item 10 309 without adequate investment. Commission lobbyists in D.C. attended these hearings and continue to report back on committee activity relative to reauthorization. As the section below will discuss, revenue continues to be the focal point of reauthorization. Congressional Budget Office Cautions Highway Trust Fund on Life Support The Congressional Budget Office (CBO) released an analysis in early February confirming what many have known; the Highway Trust Fund (HTF) will run out of day-to-day cash before MAP-21 expires on October 1, 2014. This sobering reality increases the urgency for Congress to enact a new funding measure even before MAP-21 is due to sunset. As the HTF balance recedes, CBO warns the Treasury could delay payments to states as early as this summer. This cash flow issue could have ripple effects to the Commission if federal reimbursement to California is halted or slowed. Finding revenue continues to be the central challenge. The CBO numbers demonstrate $19 billion in additional revenue is needed to simply enact a one-year extension of MAP-21 that is paid for. A full six-year reauthorization will need at least $100 billion in revenue to maintain status quo funding levels. Agenda Item 10 310 TO: Riverside County Transportation Commission FROM: Jennifer Harmon, Office and Board Services Manager DATE: March 5, 2014 SUBJECT: Possible Conflicts of Interest – Riverside County Transportation Commission Agenda of March 12, 2014 The March 12, 2014 agenda of the Riverside County Transportation Commission includes items that may raise possible conflicts of interest. A Commissioner may not participate in any discussion or action concerning a contract or amendment if a campaign contribution of more than $250 is received in the past 12 months or 3 months following the conclusion from any entity or individual listed. Agenda Item No. 8E – Agreement with CTG Inc. of Illinois DBA Novanis for Information Technology Support Services Consultant(s) CTG Inc. of Illinois dba Novanis 15870 Dartford Way Sherman Oaks, CA 91403 Sam Stickler, VP of Business Solutions Agenda Item No. 8J – On-Call Property Maintenance and Repair Services Consultant(s) Braughton Construction, Inc. 10722 Arrow Route, Suite 810 Rancho Cucamonga, CA 91730 Alison Vanden Bossche, Secretary Carry-All 1601 Sherborn Street Corona, CA 92879 Johnny Carrion, Owner RCTC Potential Conflicts of Interest March 5, 2014 Page 2 Joshua Grading & Excavating, Inc. P.O. Box 292329 Phelan, CA 92329-2329 Thomas Craft, Secretary Real Estate Consulting & Services, Inc. 827 East Civic Center Drive Santa Ana, CA 92701 Harry Burnard, President