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Home My WebLink About00 CC AGENDA 10.20.26 CITY OF TUSTINMEETING OCTOBER 20,2026 OF THE CITY COUNCIL300 CENTENNIAL WAY, TUSTIN COUNCIL CHAMBER VIDEO CONFERENCE Ray Schnell, Mayor Pro Tem Ryan Gallagher, CouncilMember Austin Lumbard, Mayor Aldo E. Schindler,City Manager Lee K. Fink, CouncilMemberErica N. Yasuda,City Clerk John Nielsen, CouncilMemberDavid E. Kendig, City Attorney NOTICE REGARDING PUBLIC PARTICIPATION To watch the meeting, the public may observe the meeting in person in the Council Chamber or via the City’s Granicus service at: https://www.tustinca.org/282/Meetings-Agendasor on the local Cox Channel 851. To participate and/or comment on one or more items, do the following: 1. PARTICIPATING DURING A MEETING Community members who wish to address the City Council during a public meeting may attend the meeting in person or join through Zoom. By joining the meeting through Zoom, you will be able to speak but your video will not be enabled. Please see further instructions below. HOW TO CONNECT TO THE ZOOM WEB CONFERENCE BY COMPUTER OR SMART DEVICE Community members may provide live public comments via Zoom during City Council meetings. To join the meeting, click here and use the passcode below. You can also join via the Zoom app on your smartphone or tablet, or in a web browser at https://zoom.us/join, by entering the Meeting ID and Passcode below. Meeting ID: 940 8640 1921 Passcode: 600222 Please provide your name in the Zoom application to allow the City Clerk to identify you when it is your timeto speak. We suggest installing and testing the Zoom software on your device prior to the commencement of the meeting. HOW TO CONNECT TO THE ZOOM WEB CONFERENCE BY TELEPHONE To join to the Zoom web conference from any phone (landline or wireless), dial 669-900-6833. CityCouncilOctober 20,2026 Meeting Agenda Page 1of 13 When prompted use the below Meeting ID and Passcode: Meeting ID: 940 8640 1921 Passcode: 600222 The City Clerk will identify you by the last 4 digits of your phone when it is your time to speak. When requested by the City Clerk, call-in users can unmute and mute their phones by pressing *6. Call-in users can raise their hand by pressing *9 but may not lower their hand once raised. 2. PROVIDE WRITTEN COMMENTS THROUGH THE E-COMMENT SYSTEM 1.Proceed to the SpeakUp comment system: A. To submit an e-comment on an upcoming meeting agenda go to https://tustin.granicusideas.com/meetings?scope=upcoming and select the agenda item. B. Follow the links to type and submit your comment(s) on one or more items: a. The items may be on the agenda or not on the agenda. b. Your comments will be forwarded electronically and immediately to the members of the City Council. c. Comments related to a particular agenda item will only be considered prior to the close of public comments on that item d. Comments on matters that are not on the agenda may be submitted only until the “Public Comment” portion of the agenda is concluded. For Individuals with Disabilities: The City is dedicated to ensuring accessibility to the meetings for those individuals with disabilities, so the City has established a process to request a reasonable modification or accommodation consistent with the Americans with Disabilities Act (ADA). If you would like to request a modification or accommodation due to a disability, please call (714) 573-3025 as soon as is feasible, and identify the need and the requested modification or accommodation. The City’s ADA Coordinator or her designee will receive the request and communicate in response to the request. Items Distributed To The City Council Less Than 72 Hours Prior To Meeting: Pursuant to Government Code section 54957.5, non-exempt public records that relate to one or more open session agenda items and that are distributed to a majority of the City Council less than seventy-two (72) hours prior to the meeting will be available for public inspection on the electronic posting board located at 300 Centennial Way, Tustin, CA 92780. City Council October 20, 2026 Meeting Agenda Page 2 of 13 SPECIAL CLOSED SESSION MEETING OF THE CITY COUNCIL 5:30 P.M. CALL TO ORDER – #3108 ROLL CALL – City Clerk PUBLIC INPUT – Members of the public may provide comments in writing, in person or in real time via Zoom to address the City Council on items on the Closed Session Agenda. CLOSED SESSION UPDATE – City Attorney David E. Kendig CLOSED SESSION ITEMS - The Brown Act permits legislative bodies to discuss certain matters without members of the public present. The City Council finds, based on advice from the City Attorney, that discussion in open session of the following matters will prejudice the position of the City in existing and anticipated litigation: 1. CONFERENCE WITH LEGAL COUNSEL – ANTICIPATED LITIGATION - Significant exposure to litigation pursuant to Government Code § 54956.9(d)(2), (e)(2), (e)(3), (e)(5): (2 cases) 2. CONFERENCE WITH LEGAL COUNSEL –– ANTICIPATED LITIGATION - Initiation of litigation pursuant to Government Code § 54956.9(d)(4): (2 cases) 3. CONFERENCE WITH LEGAL COUNSEL – ANTICIPATED LITIGATION – Significant exposure to litigation pursuant to Government Code § 54956.9(d)(2): (1 case) – related to the fire at the North Hangar owned by the Navy and the release of hazardous materials therefrom 4. CONFERENCE WITH LEGAL COUNSEL - EXISTING LITIGATION - \[Government Code § 54956.9(d)(1)\] Name of case: Onterris Response and Recovery, LLC, et al, v. City of Tustin et al., U.S.D.C. C.D.Cal. Case No. 8:26-cv-01872-DOC (SSCx); O.C.S.C. Case No. 30- 2026-01572066-CU-BC-CJC. City Council October 20, 2026 Meeting Agenda Page 3 of 13 REGULAR MEETING OF THE CITY COUNCIL 6:00 P.M. CALL TO ORDER – #3108 INVOCATION - Pastor Kyle Bleeker, Friends Church PLEDGE OF ALLEGIANCE – Council Member Fink PRESENTATIONS – Dino Dash Event Update PUBLIC INPUT – At this time, any member of the public may address the Council on matters which are not on this evening's agenda, provided the matter is within the subject matter jurisdiction of the City Council. CLOSED SESSION REPORT – City Attorney David E. Kendig CONSENT CALENDAR -All matters listed under the Consent Calendar are considered to be routine and will be enacted by one motion without discussion. Persons wishing to speak regarding Consent Calendar matters should file a “Request to Speak” form with the City Clerk. (Agenda Items 1-13) 1.WAIVE READING IN FULL OF ALL ORDINANCES AND RESOLUTIONS ON THE AGENDA Recommendation:That the City Council waive reading in full of all ordinances and resolutions on the agenda and declare that said titles which appear on the public agenda shall be determined to have been read by title and further reading waived. 2.APPROVAL OF MINUTES –THE REGULAR MEETING OF THE CITY COUNCIL HELD ON OCTOBER 6, 2026. Recommendation:That the City Council approve the Action Minutes of the Regular Meeting of the City Council held on October 6, 2026. 3.RATIFICATION OF PAYROLL AND DEMANDS The City Council has approved the use of Government Code Section 37208 to expedite the payment of City of Tustin obligations that are in accordance with the approved budget or continued operations authorizations. City Council October 20, 2026 Meeting Agenda Page 4 of 13 Recommendation:It is recommended that the City Council approve Payroll in the amount of $1,273,737.84and Demands in the amount of $3,395,868.25. 4.PERSONNEL RULES UPDATE Adoption of the attached Resolution will update the City of Tustin Personnel Rules. Recommendation:Adopt Resolution No. 26-52 to approve the updated City of Tustin Personnel Rules. RESOLUTION NO. 26-52 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF TUSTIN, CALIFORNIA, ADOPTING UPDATED PERSONNEL RULES Fiscal Impact:There is no fiscal impact associated with this item. 5.AUTHORIZE RELEASE OF REQUEST FOR PROPOSALS FOR SOLID WASTE COLLECTION SERVICES The City’s contract with CR&R Incorporated for residential and commercial solid waste services will expire on March 31, 2028. Section 4320a of the Tustin City Code requires City contracts for the collection of solid waste and recycling to be competitively bid at least every ten years to secure the best level of service at the lowest price practicable. On February 17, 2026, the City Council awarded a consultant services agreement to R3 Consulting Group, Inc. to assist staff with the preparation of a Request for Proposals to secure long-term, high-quality solid waste and recycling collection services. The Request for Proposals is complete, and staff is requesting City Council authorization to solicit proposals. Recommendation:That the City Council authorize staff to solicit proposals for solid waste collection services. Fiscal Impact: There is no immediate fiscal impact to the City associated with the recommended actions. 6.AWARD CONSTRUCTION CONTRACT FOR THE MAIN STREET WELL NO. 3 AND NEWPORT WELL NO. 3 IMPROVEMENTS PROJECT Staff recommends the City Council award a construction contract to T.E. Roberts Inc. the lowest responsive/responsible bidder for the Main Street Well No. 3 and Newport Well No.3 Improvements Project. Recommendation:It is recommended that the City Council award a construction contract in the amount of $1,350,700.00 for the Main Street Well No. 3 and Newport Well No. 3 Improvements Project to T.E. Roberts Inc. as the lowest responsive and responsible bidder, and authorize the Mayor and the City Clerk to execute the contract documents on behalf of the City. City Council October 20, 2026 Meeting Agenda Page 5 of 13 Fiscal Impact: This project is fully funded in the Fiscal Year 2026-2027 Water Enterprise CapitalImprovement Budget, which includes funds from the Water Capital Fund and the 2024 Water Revenue Bond Fund. 7.APPROVE PLANS AND SPECIFICATIONS AND AUTHORIZEADVERTISEMENT FOR BIDS FOR THE TUSTIN LEGACY PARKPROJECT FROM ARMSTRONG AVENUE TO WARNER AVENUE The plans and specifications for the next phase of the Tustin Legacy Park from Armstrong Avenue to Warner Avenue have been completed, and the project is now ready for bid. The project will extend Tustin Legacy Park from Armstrong Avenue to Warner Avenue and include landscape and irrigation improvements, playground and fitness equipment, pedestrian and bicycle facilities, shade structures, seating and gathering areas, lighting and other associated park improvements. Construction will occur concurrently with the Armstrong Avenue Pedestrian Bridge and is anticipated to begin in January 2027 with project completion and park opening planned for early 2028. Project plans and specifications are available for review through the Public Works Engineering Division. Recommendation:That the City Council: 1.Adopt Resolution No. 26-56 approving the plans and specifications for the Tustin Legacy Park from Armstrong Avenue to Warner Avenue; and 2.Authorize the City Clerk to advertise to receive bids. RESOLUTION NO. 26-56 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF TUSTIN, CALIFORNIA, APPROVING PLANS AND SPECIFICATIONS FOR THE TUSTIN LEGACY PARK FROM ARMSTRONG AVENUE TO WARNER AVENUE PROJECT, CIP NO. 20083 AND AUTHORIZING ADVERTISEMENT FOR BIDS Fiscal Impact: The engineer’s estimate for the Tustin Legacy Park from Armstrong Avenue to Warner Avenue Project is $10,800,000. The approved Fiscal Year 2026- 2027 Capital Improvement Program Budget includes funding in the amount of $13,622,225 for the construction of the Tustin Legacy Park from Armstrong Avenue to Warner Avenue Project. As the bids are received and verified, staff will bring back a recommendation to award a contract. 8.AWARD CONSTRUCTION CONTRACT FOR THE EL CAMINO REAL AND AUTO CENTER DRIVE SIGNAL IMPROVEMENTS PROJECT Staff is requesting the City Council award a construction contract to the lowest responsive/responsible bidder for the El Camino Real and Auto Center Drive Signal Improvement Project. Recommendation:It is recommended that the City Council: City Council October 20, 2026 Meeting Agenda Page 6 of 13 1.Award a construction contract to the lowest responsive/responsible bidder, PTM GeneralEngineering Services, Inc. in the amount of $126,666.00 for the El Camino Real and Auto Center Drive Signal Improvement Project; and 2.Authorize the Mayor and the City Clerk to execute the contract documents on behalf ofthe City. Fiscal Impact: The Fiscal Year 2026-2027 Capital Improvement Program Budget includes appropriations of $128,000 in Measure M2 Fairshare funding for the City’s portion of the project and $125,000 in General Fund – Capital Improvement Program funding to account for Costco’s portion of the project. The Engineer's estimate for project design, construction, engineering support, and inspection services is $253,000. On February 3, 2026, the City Council approved a Cost-Sharing Agreement with Costco, under which Costco will reimburse the City for fifty (50) percent of the actual project costs, up to a maximum reimbursement of $125,000. The overall construction expenses are itemized below: • Construction Contract .................................................................. $126,666.00 • Contingency (10%) ......................................................................... $12,666.00 • Construction Support and Geotechnical Services ........................... $20,000.00 • TOTAL CONSTRUCTION COSTS ............................................... $159,332.00 9.AUTHORIZE USE OF THE OMNIA PARTNERS PURCHASING PROGRAM FOR THE ROOF REPLACEMENT AT VARIOUS PARKS Staff is requesting authorization to utilize Omnia Partners Purchasing Program to acquire materials and installation services for the Roof Replacement at Various Parks. Project details include the replacement of the restroom building roofs at Laurel Glen Park, Heritage Park, and Cedar Grove Park, along with necessary maintenance to the picnic shelter cover at Cedar Grove Park. Recommendation:That the City Council: 1. Adopt Resolution No. 26-54 authorizing use of the Omnia Partners Purchasing Program to purchase materials and installation services for the Roof Replacement at Various Parks in the not-to-exceed amount of $309,241.00; and 2. Authorize the City Manager and the City Clerk to execute the contract documents on behalf of the City. RESOLUTION NO. 26-54 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF TUSTIN, CALIFORNIA, AUTHORIZING USE OF THE OMNIA PARTNERS PURCHASING PROGRAM TO PURCHASE THE NECESSARY MATERIALS AND INSTALLATION SERVICES FOR City Council October 20, 2026 Meeting Agenda Page 7 of 13 ROOF REPLACEMENT OF RESTROOM BUILDINGS AT LAUREL GLEN PARK, HERITAGE PARK, CEDAR GROVE PARK, AND REPAIR OF PICNIC SHELTER CEDAR GROVE PARK. Fiscal Impact: The Fiscal Year 2026-2027 Capital Improvement Program Budget includes $325,000 in Park Development funds for the Roof Replacement at Various Parks. 10.APPROVE CONSULTANT SERVICES AGREEMENT FORENGINEERING DESIGN SERVICES FOR RED HILL AVENUE REHABILITATION PROJECT Staff is recommending the City Council approve a Consultant Services Agreement with BKF Engineers for engineering design services for the Red Hill Avenue Rehabilitation Project from Bryan Avenue to Sycamore Avenue. Recommendation:That the City Council: 1.Approve the Consultant Services Agreement with BKF Engineers for Engineering Design Services and authorize the City Manager to execute the Agreement on behalfof the City; and 2.Appropriate $176,000.00 from Senate Bill 1 project funding currently included in theCapital Improvement Budget as planned for Fiscal Year 2027-2028. Fiscal Impact: The project is partially funded in the Fiscal Year 2026-2027 Capital Improvement Program Budget, which has allocated $600,000 for design services. The proposed Consultant Services Agreement includes a not-to-exceed total compensation amount of $775,429.78. To fully fund the design portion of this project, staff recommends appropriation of $176,000.00 in Senate Bill 1 funds that are currently programmed for continuation of thisproject the Fiscal Year 2027-2028. 11.AUTHORIZATION TO PURCHASE AND INSTALL EQUIPMENT FOR THE TUSTIN FAMILY AND YOUTH CENTER PLAYGROUND RENOVATION PROJECT Staff is requesting authorization to contract with The KYA Group for the purchase and installation of equipment through the California Multiple Award Schedules cooperative purchasing program to renovate the playground area at the Tustin Family and Youth Center. Recommendation:That the City Council: 1. Adopt Resolution No. 26-32 authorizing use of the California Multiple Award Schedules cooperative purchasing program for the purchase and installation of new equipment for the Tustin Family and Youth Center playground area through a contract with The KYA Group; 2. Authorize the City Manager to execute the contract document on behalf of the City; and City Council October 20, 2026 Meeting Agenda Page 8 of 13 3. Appropriate $24,872 from the Community Development Block Grant Fund, increasing the total project budget to $524,872. RESOLUTION NO. 26-32 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF TUSTIN, CALIFORNIA, AUTHORIZING USE OF THE CALIFORNIA MULTIPLE AWARD SCHEDULES PURCHASING PROGRAM TO PURCHASE AND INSTALL EQUIPMENT FOR THE TUSTIN FAMILY AND YOUTH CENTER PLAYGROUND RENOVATION, CIP NO. 20098 Fiscal Impact: The total project cost is $524,872 and will be funded entirely by the Federal Community Development Block Grant. The Fiscal Year 2026-2027 budget includes a $500,000 project appropriation and staff is requesting an additional appropriation of $24,872 for atotal project budget of $524,872. 12. COMMUNITY FACILITIES DISTRICT 2018-01 ZONE 5 Request for approval of the implementing documents and resolution related to the annexation of property subject to a Disposition and Development Agreement between the City and CD-CW (TUSTIN) LLC into Community Facilities District 2018- 01 and designating the property as Zone 5. Recommendation:It is recommended that the City Council take the following actions: 1.Acknowledge receipt of the unanimous approval of annexation into Community Facilities District 2018-01 Zone 5 and related matters executed by the City Manager on behalf of the City of Tustin as the property owner (the “Unanimous Approval”); and ratify City Manager’s execution and delivery of the Unanimous Approval; and receive and file the Unanimous Approval; and 2.Adopt Resolution 26-59: A Resolution Of The City Council Of The City Of Tustin, California, Acting As Governing Body Of The City Of Tustin Community Facilities District No.2018-01 (Public Services), Declaring Its Intention To Annex Territory To The City Of Tustin Community Facilities District No. 2018- 01 (Public Services), Approving A Boundary Map Of The Annexation Property And Directing The City Clerk To Record The Boundary Map, The Notice Of The Special Tax Lien For Community Facilities District No. 2018-01 Zone 5, And The Notice Of Cessation Of Special Tax Lien For Community Facilities District No. 2013-01 RESOLUTION NO. 26-59 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF TUSTIN, CALIFORNIA, ACTING AS GOVERNING BODY OF THE CITY OF TUSTIN COMMUNITY FACILITIES DISTRICT NO. 2018-01 (PUBLIC SERVICES), DECLARING ITS INTENTION TO ANNEX TERRITORY TO THE CITY OF TUSTIN COMMUNITY FACILITIES DISTRICT NO. 2018- 01 (PUBLIC SERVICES), APPROVING A BOUNDARY MAP OF THE ANNEXATION PROPERTY AND DIRECTING THE CITY City Council October 20, 2026 Meeting Agenda Page 9 of 13 CLERK TO RECORD THE BOUNDARY MAP, THE NOTICE OF THE SPECIAL TAX LIEN FOR COMMUNITY FACILITIES DISTRICT NO. 2018-01 ZONE 5, AND THE NOTICE OF CESSATION OF SPECIAL TAX LIEN FOR COMMUNITY FACILITIES DISTRICT NO. 13-01 Fiscal Impact: The Rate and Method of Apportionment for each Zone of Community Facilities District2018-01 establishes the cost for services required for each proposed land use. The special tax is for services (not facilities) such as police and fire; recreation program services; maintenance of parks, streets, sidewalks and drainage facilities; and other general City services associated with the development and maintenance of Tustin Legacy. The Rate and Method of Apportionment for proposed Community Facilities District 2018-01 Zone 5 has been previously negotiated through the Disposition and Development Agreement between the City and CD-CW (TUSTIN) LLC which was approved by the CityCouncil on October 6, 2026. Beginning in Fiscal Year 2026-2027, the negotiated annualrate attributable to the active adult residential units will be $1,459.30 per unit with affordable dwelling units exempted and the same rate of $1,459.30 will be applicable to assisted living and memory care on a per room basis. Any commercial retail/service amenities open to the public would incur a rate of $2.82 per square foot; however, any retail/service amenities available exclusively for residents of the development would be excluded from the special tax. The rate will escalate annually based on a specific Consumer Price Index with a minimum annual escalation of 2%. 13.COMMUNITY FACILITIES DISTRICT 2018-01 ZONE 4 Request for approval of the implementing documents and resolution related to the annexation of property subject to a Purchase and Sale Agreement between the City and Mariners Church into Community Facilities District 2018-01 and designating the property asZone 4. Recommendation:It is recommended that the City Council take the following actions: 1.Acknowledge receipt of the unanimous approval of annexation into Community Facilities District 2018-01 Zone 4 and related matters executed by the City Manager on behalf of the City of Tustin as the property owner (the “Unanimous Approval”); ratify the City Manager’s execution and delivery of the Unanimous Approval; and receive and file the Unanimous Approval; and 2.Adopt Resolution 26-58: A Resolution Of The City Council Of The City Of Tustin, California, Acting As Governing Body Of The City Of Tustin Community Facilities District No. 2018-01 (Public Services), Declaring Its Intention To Annex Territory To The City Of Tustin Community Facilities District No. 2018- 01 (Public Services), Approving A Boundary Map Of The Annexation Property And Directing The City Clerk To Record The Boundary Map, The Notice Of The Special Tax Lien For Community Facilities District No. 2018-01 Zone 4, And The Notice Of Cessation Of Special Tax Lien For Community Facilities District No. 13-01 City Council October 20, 2026 Meeting Agenda Page 10 of 13 RESOLUTION NO. 26-58 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF TUSTIN, CALIFORNIA, ACTING AS GOVERNING BODY OF THE CITY OF TUSTIN COMMUNITY FACILITIES DISTRICT NO. 2018-01 (PUBLIC SERVICES), DECLARING ITS INTENTION TO ANNEX TERRITORY TO THE CITY OF TUSTIN COMMUNITY FACILITIES DISTRICT NO. 2018-01 (PUBLIC SERVICES), APPROVING A BOUNDARY MAP OF THE ANNEXATION PROPERTY AND DIRECTING THE CITY CLERK TO RECORD THE BOUNDARY MAP, THE NOTICE OF THE SPECIAL TAX LIEN FOR COMMUNITY FACILITIES DISTRICT NO. 2018-01 ZONE 4, AND THE NOTICE OF CESSATION OF SPECIAL TAX LIEN FOR COMMUNITY FACILITIES DISTRICT NO. 13-01 Fiscal Impact: The Rate and Method of Apportionment for each Zone of Community Facilities District 2018-01 establishes the cost for services required for each proposed land use. The special tax is for services (not facilities) such as police and fire; recreation program services; maintenance of parks, streets, sidewalks and drainage facilities; and other general City services associated with the development and maintenance of Tustin Legacy. The Rate and Method of Apportionment for proposed Community Facilities District 2018-01 Zone 4 was negotiated through the Purchase and Sale Agreement (PSA) between the City and Mariners Church, executed on September 17, 2025. The maximum annual special tax in Fiscal Year 2026-2027 is $0.50 per square foot of building area constructed on the property, which applies to the approved 33,422 square foot building, and will escalate by 2% annually. No special tax will be levied until a building permit has been issued for the project. PUBLIC HEARING 14.CONDUIT FINANCING FOR THE CHATHAM VILLAGE APARTMENTS AFFORDABLE HOUSING PROJECT Conduct a public hearing under the Tax and Equity Fiscal Responsibility Act (“TEFRA”) on October 20, 2026 in connection with the proposed issuance of revenue bonds by the California Municipal Finance Authority (the “CMFA”), a joint exercise of powers authority and public entity of the State of California, in an amount not to exceed $110,000,000, (the “Bonds”), to finance and refinance the acquisition, construction, improvement and equipping of a multifamily rental housing project located at 16331 McFadden Avenue, Tustin, California (the “Project”). Recommendation:That the City Council: 1.Conduct a public hearing under the requirements of TEFRA and the Internal Revenue Code of 1986, as amended (the “Code”); and 2.Adopt Resolution 26-57, a resolution of the City Council of the City of Tustin approving the issuance of the California Municipal Finance Authority City Council October 20, 2026 Meeting Agenda Page 11 of 13 exempt facility bonds in an aggregate principal amount not to exceed $110,000,000 for the purpose of financing or refinancing the acquisition, construction, improvement, and equipping of Chatham Village and certain other matters relating thereto. RESOLUTION NO. 26-57 RESOLUTION OF THE CITY COUNCILOF THE CITY OF TUSTIN APPROVING THE ISSUANCE OF THE CALIFORNIA MUNICIPAL FINANCE AUTHORITY EXEMPT FACILITY BONDS IN AN AGGREGATE PRINCIPAL AMOUNT NOT TO EXCEED $110,000,000 FOR THE PURPOSE OF FINANCING OR REFINANCING THE ACQUISITION, CONSTRUCTION, IMPROVEMENT AND EQUIPPING OF CHATHAM VILLAGE AND CERTAIN OTHER MATTERS RELATING THERETO Fiscal Impact: The Bonds to be issued by the CMFA for the Project will be the sole responsibility of the borrower, Chatham Preservation, LP, and the City will have no financial and legal obligations, liability or responsibility for the Project or the repayment of the Bonds for the financing of the Project. All financing documents with respect to the issuance of the Bonds will contain clear disclaimers that the Bonds are not obligations of the City of Tustin, the County of Orange, or the State of California but are to be paid for solely from funds provided by the Borrower. REGULAR BUSINESS 15.GENERAL FUND CLOSEOUT REPORT FOR FISCAL YEAR 2025-2026 This report provides the City Council with an update of the General Fund’s Fiscal Year 2025-2026 preliminary operating results based on actual year-end revenues and expenditures. General Fund operating revenues are approximately $3.6 million higher than the amended budget, whereas General Fund expenditures are approximately $3.8 million lower than the amended budget. Therefore, General Fund reserves are expected to be at $32 million as of June 30, 2026 (or 33% of the General Fund’s total recurring operatingexpenditure). Recommendation:Staff recommended that the City Council: 1. Receive and file this report; and 2. Approve supplemental and carryover appropriations identified in this report. Fiscal Impact: There are sufficient revenues or reserves in respective funds to fund the supplemental appropriations and carryover appropriations identified in this report. OTHER BUSINESS/CITY MANAGER AND CITY ATTORNEY MAYOR, MAYOR PRO TEM AND COUNCIL MEMBER COMMENTS AND REPORTS ADJOURNMENT- The next meeting is scheduled on Tuesday, November 3, 2026, for the City Council October 20, 2026 Meeting Agenda Page 12 of 13 Closed Session Meeting at 4:30 p.m. and the Regular Business Meeting at 6:00 p.m. City Council October 20, 2026 Meeting Agenda Page 13 of 13