Agenda
Regular Meeting of the
Bell City Council/Bell Community Housing Authority/Successor Agency to the Bell Community Redevelopment Agency/ Bell Public Finance Authority
Wednesday, December 14, 2022
5:15 P.M. CLOSED SESSION
7:00 P.M. OPEN SESSION
BELL COMMUNITY CENTER
6250 PINE AVENUE, BELL CA 90201
Monica Arroyo
Mayor
Fidencio J. Gallardo Ana Maria Quintana Vice-Mayor Council Member
Alicia Romero Ali Saleh Council Member Council Member
Welcome to the City Council Meeting
The Bell City Council and staff welcome y ou. This is your City Government.
Individual participation is a basic part of American Democracy and all Bell residents are encouraged to attend meetings of the City Council. Regular City Council meetings are held the second and fourth Wednesday of the month at 7:00 p.m., Bell Community Center, 6250 Pi ne Avenue. For more information, you may call City Hall during regular bus iness hours 8:00 a.m. to 4:00 p.m., Monday through Friday at (323) 588-6211 Extension 2615.
City Council Organization
There are five City Council members, one of whom serves as Mayor and is the presiding officer of the City Council. These are your elected representatives who act as a Board of Directors for the Cit y of Bell. City C ouncil members are like you, concerned residents of the comm unity who provide guidance in the operation of your City.
Addressing the City Council
If you wish to speak to the City Council on any item which is listed or not listed on the City Council Agenda, please complete a Request to Speak Card available in the back of the City Council Chambers. Pl ease submit the completed card to the City Clerk prior to the meet ing. The Mayor will call you to the microphone at the appropriate time if you have filled out a Request to Speak Card . At that time, approach the podium and please clearly state your name and address, and proceed to make your comments.
Compliance with Americans with Disabilities Act
The City of Bell, in comp lying with the Americans wit h Disabilities Act (ADA), request individuals who require special a ccommodation(s) to access, attend, and or participate in a City meeting due to di sability. Please contact the City Clerk’s Office, (323) 588-6211, Ext. 2615, at least one business day prior to the scheduled meeting to ensure that we may assist you.
Statement Regarding Compensation for Membe
rs of the Bell City Council
Compensation for the members of the Bell City Council is $673 a month. In accordance with Government Code Se ction 54952.3, Councilmembers will not receive any additional compensation or stipend for the convening of the following regular meetings: Successor Agency to the Bell Community Redevelopment Agency, the Bell Community Housing Authority, the Bell Public Finance Authority, the Bell Surplus Property Authority, and the Bell Solid Waste Authority.
Meeting of the
Bell City Council and Related Agencies
December 14, 2022
REGULAR JOINT MEETING OF THE
Bell City Council/Bell Community Housing Authority/Successor Agency to the Bell Community Redevelopment Agency/Bell Public Finance Authority
December 14, 2022
5:15 P.M. Closed Session
7:00 P.M. Regular Meeting
Location: Bell Community Center, 6250 Pine Avenue, Bell CA 90201
Call to Order
Roll Call of the City Council in their capacities as Councilmembers/Members of all Related Agencies: Quintana, Romero, Saleh, Gallardo and Arroyo
Communications from the Public on Closed Session Items
This is the time for members of the public to address the City Council and related Authorities and Agencies only on items that are listed under Closed Session.
Closed Session
The City Council and the related Authorities and Agencies will recess to closed session to confer with legal counsel regarding the following matters:
a) CONFERENCE WITH REAL PROPERTY NEGOTIATORS (Pursuant to Government Code section 54956.8)
Properties: 6331 Pine Ave (City), 4359 Gage Ave (City), 4375 Gage Ave (City), 4679-1/2 Gage (City), 6303 Pine Ave (BCHA), 6317 Pine Ave (BCHA), Bell CA 90201 Agency negotiators: Michael L. Antwine II (City Manager), and Dave Aleshire (City Attorney)
Negotiating parties: To be Determined
Under negotiation: Price and Terms of Payment
b) CONFERENCE WITH REAL PROPERTY NEGOTIATORS (Pursuant to Government Code section 54956.8)
MEETING WILL BE HELD IN-PERSON AT THE BELL COMMUNITY CENTER
PUBLIC COMMENT: If you wish to make a comment on items listed on the agenda, you may attend the meeting in-person at Bell Community Center. Please complete a Request to Speak Card available in the location and wait until the mayor calls you to approach the podium. Please clearly state your name and address and proceed to make your comments.
You may also submit input electronically through a temporary public comment email established for City of Bell City Council meetings at [email protected]. Your written comment must be submitted by 4pm on Wednesday, December 14, 2022.
Any emails received after the time indicated will not be included in the record. Written Comments will be subject to the three minute time limitation (approximately 350 words).
The meeting will be recorded and live streamed on the City’s website at http://www.cityofbell.org/?NavID=101
Meeting of the
Bell City Council and Related Agencies
December 14, 2022
Properties: 5241 Florence Ave (City), 7109 Walker Ave (City), Bell CA 90201 Agency negotiators: Michael L. Antwine II (City Manager), and Dave Aleshire (City Attorney)
Negotiating parties: To be Determined
Under negotiation: Price and Terms of Payment
c) CONFERENCE WITH REAL PROPERTY NEGOTIATORS (Pursuant to Government Code section 54956.8)
Properties: 6400 Atlantic Avenue (City), Bell CA 90201
Agency negotiators: Michael L. Antwine II (City Manager), and Dave Aleshire (City Attorney)
Negotiating parties: To be Determined
Under negotiation: Price and Terms of Payment
d) CONFERENCE WITH REAL PROPERTY NEGOTIATORS (Pursuant to Government Code section 54956.8)
Properties: 7020-7030 Atlantic Ave (SA), Bell CA 90201
Agency negotiators: Michael L. Antwine II (City Manager), and Dave Aleshire (City Attorney)
Negotiating parties: To be Determined
Under negotiation: Price and Terms of Payment
e) CONFERENCE WITH REAL PROPERTY NEGOTIATORS (Pursuant to Government Code section 54956.8)
Properties: 4014-4022 Gage Ave (SA), Bell CA 90201
Agency negotiators: Michael L. Antwine II (City Manager), and Dave Aleshire (City Attorney)
Negotiating parties: To be Determined
Under negotiation: Price and Terms of Payment
f) CONFERENCE WITH REAL PROPERTY NEGOTIATORS (Pursuant to Government Code section 54956.8)
Properties: 4560 Gage Ave (SA), Bell CA 90201
Agency negotiators: Michael L. Antwine II (City Manager), and Dave Aleshire (City Attorney)
Negotiating parties: To be Determined
Under negotiation: Price and Terms of Payment
g) CONFERENCE WITH REAL PROPERTY NEGOTIATORS (Pursuant to Government Code section 54956.8)
Properties: 4205 Bell Ave (BCHA), Bell CA 90201
Agency negotiators: Michael L. Antwine II (City Manager), and Dave Aleshire (City Attorney)
Negotiating parties: To be Determined
Under negotiation: Price and Terms of Payment
h) CONFERENCE WITH REAL PROPERTY NEGOTIATORS (Pursuant to Government Code section 54956.8)
Properties: 5107 Filmore Street (BCHA), Bell CA 90201
Agency negotiators: Michael L. Antwine II (City Manager), and Dave Aleshire (City Attorney)
Meeting of the
Bell City Council and Related Agencies
December 14, 2022
Negotiating parties: To be Determined
Under negotiation: Price and Terms of Payment
i) CONFERENCE WITH REAL PROPERTY NEGOTIATORS (Pursuant to Government Code section 54956.8)
Properties: 6624 Flora Avenue (BCHA), Bell CA 90201
Agency negotiators: Michael L. Antwine II (City Manager), and Dave Aleshire (City Attorney)
Negotiating parties: To be Determined
Under negotiation: Price and Terms of Payment
j) CONFERENCE WITH REAL PROPERTY NEGOTIATORS (Pursuant to Government Code section 54956.8)
Properties: 6502 Flora Avenue (BCHA), Bell CA 90201
Agency negotiators: Michael L. Antwine II (City Manager), and Dave Aleshire (City Attorney)
Negotiating parties: To be Determined
Under negotiation: Price and Terms of Payment
k) CONFERENCE WITH REAL PROPERTY NEGOTIATORS (Pursuant to Government Code section 54956.8)
Properties: 6229 Flora Avenue (BCHA), Bell CA 90201
Agency negotiators: Michael L. Antwine II (City Manager), and Dave Aleshire (City Attorney)
Negotiating parties: To be Determined
Under negotiation: Price and Terms of Payment
l) CONFERENCE WITH REAL PROPERTY NEGOTIATORS (Pursuant to Government Code section 54956.8)
Properties: 4738 Florence Avenue (BCHA), Bell CA 90201
Agency negotiators: Michael L. Antwine II (City Manager), and Dave Aleshire (City Attorney)
Negotiating parties: To be Determined
Under negotiation: Price and Terms of Payment
m) CONFERENCE WITH REAL PROPERTY NEGOTIATORS (Pursuant to Government Code section 54956.8)
Properties: 6304 King Avenue (BCHA), Bell CA 90201
Agency negotiators: Michael L. Antwine II (City Manager), and Dave Aleshire (City Attorney)
Negotiating parties: To be Determined
Under negotiation: Price and Terms of Payment
n) CONFERENCE WITH REAL PROPERTY NEGOTIATORS (Pursuant to Government Code section 54956.8)
Properties: 6419 Prospect Avenue (BCHA), Bell CA 90201
Agency negotiators: Michael L. Antwine II (City Manager), and Dave Aleshire (City Attorney)
Negotiating parties: To be Determined
Under negotiation: Price and Terms of Payment
Meeting of the
Bell City Council and Related Agencies
December 14, 2022
o) CONFERENCE WITH REAL PROPERTY NEGOTIATORS (Pursuant to Government Code section 54956.8)
Properties: 6317 Pine Avenue (BCHA), Bell CA 90201
Agency negotiators: Michael L. Antwine II (City Manager), and Dave Aleshire (City Attorney)
Negotiating parties: To be Determined
Under negotiation: Price and Terms of Payment
p) CONFERENCE WITH REAL PROPERTY NEGOTIATORS (Pursuant to Government Code section 54956.8)
Properties: 6303 Pine Avenue (BCHA), Bell CA 90201
Agency negotiators: Michael L. Antwine II (City Manager), and Dave Aleshire (City Attorney)
Negotiating parties: To be Determined
Under negotiation: Price and Terms of Payment
q) CONFERENCE WITH REAL PROPERTY NEGOTIATORS (Pursuant to Government Code section 54956.8)
Properties: 6500 Lucille Avenue (BCHA), Bell CA 90201
Agency negotiators: Michael L. Antwine II (City Manager), and Dave Aleshire (City Attorney)
Negotiating parties: To be Determined
Under negotiation: Price and Terms of Payment
r) CONFERENCE WITH REAL PROPERTY NEGOTIATORS (Pursuant to Government Code section 54956.8)
Properties: 5246 Florence Avenue (BCHA), Bell CA 90201
Agency negotiators: Michael L. Antwine II (City Manager), and Dave Aleshire (City Attorney)
Negotiating parties: To be Determined
Under negotiation: Price and Terms of Payment
s) CONFERENCE WITH REAL PROPERTY NEGOTIATORS (Pursuant to Government Code section 54956.8)
Properties: 4874 Gage Avenue (BCHA), Bell CA 90201
Agency negotiators: Michael L. Antwine II (City Manager), and Dave Aleshire (City Attorney)
Negotiating parties: To be Determined
Under negotiation: Price and Terms of Payment
t) CONFERENCE WITH LABOR NEGOTIATORS- Government Code Section 54957.6, Agency designated representatives: City Manager Michael L. Antwine II, Sergio Ibarra (Human Resources & Risk Manager), and Colin Tanner (Contract Deputy City Attorney) Employee Organization: Bell Police Officers Association (BPOA)
u) CONFERENCE WITH LABOR NEGOTIATORS- Government Code Section 54957.6, Agency designated representatives: City Manager Michael L. Antwine II, Sergio Ibarra (Human Resources & Risk Manager), and Colin Tanner (Contract Deputy City Attorney) Employee Organization: All Unpresented Employees and at-will Management Group
v) CONFERENCE WITH LABOR NEGOTIATORS- Government Code Section 54957.6,
Meeting of the
Bell City Council and Related Agencies
December 14, 2022
Agency designated representatives: City Manager Michael L. Antwine II, Sergio Ibarra (Human Resources & Risk Manager), and Colin Tanner (Contract Deputy City Attorney) Employee Organization: Bell City Employees Association (BCEA)
w) CONFERENCE WITH LABOR NEGOTIATOR Pursuant to Gov. Code Section 54957.6 Agency Negotiator: Michael L. Antwine II (City Manager), and Dave Aleshire (City Attorney)
Unrepresented Employee: Chief of Police
Reconvene Regular City Council Meeting
Call to Order
Roll Call of the City Council in their capacities as Councilmembers/Members of all Related Agencies: Quintana, Romero, Saleh, Gallardo and Arroyo
Pledge of Allegiance
City Attorney Report
The City Attorney will report out on any action(s) to be taken by the City Council/Agencies on Closed Session matters.
Presentations and Recognitions
a. Oath of Office and Pinning Ceremony for the following Bell Police Officers: Derrick County, Lee Trevino, Nicholas VanHolland, James Ixcoy, Alejandra Orozco
b. Presentation by the County of Los Angeles Internal Services Department on a Community Broadband Networks Project and a Potential Memorandum of Understanding Between the City of Bell and the County of Los Angeles for the Coordination of Digital Connectivity Investments
c. Information on I-710 Florence Interchange Planning Concept Improvements
Communications from the Public
This is the time members of the public may address the City Council and related Authorities and Agencies on items that are on the agenda and on non-agenda items that are under the subject matter jurisdiction of City Council and/or its related authorities and agencies. (Each speaker is limited to three minutes)
Mayor and City Council Communications
Pursuant to Assembly Bill 1234, this is the time and place to provide a brief report on meetings, seminars and conferences attended by the Mayor and City Councilmembers.
City Manager Report
In this portion of the agenda, the City Manager will provide a brief report on items of interest to the City Council and/or the community.
Meeting of the
Bell City Council and Related Agencies
December 14, 2022
Business Session
1. Appointment to the Community Service Commission. (City Council)
Recommendation: It is recommended that:
1. Councilmember Ali Saleh select an adult commissioner; and
2. For the City Council to ready by title only, waive further reading and adopt Resolution 2022-82 titled:
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
BELL APPROVING THE APPOINTMENT TO THE COMMUNITY
SERVICES COMMISSION
2. American Rescue Plan Act (ARPA) Funds FY 2022/2023 Budget Amendment . (City Council)
Recommendation: It is recommended that the City Council read by title only, waive further reading and adopt Resolution 2022-79 tilted:
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
BELL, CALIFORNIA AUTHORIZING AND APPROVING THE
AMERICAN RESCUE PLAN ACT (ARPA) FUNDS BUDGET
AMENDMENT FOR THE CITY’S REMAINING ARPA BALANCE
AS PREVIOUSLY APPROVED BY THE CITY COUNCIL ON
OCTOBER 5, 2022
3. Speed Hump Installation Project - Construction Award . (City Council)
Recommendation: It is recommended that the City Council:
1. Award a construction contract in the amount of $339,999.99 to J. B. Bostick Company, Inc. for the Speed Hump Installation Project, and
2. Authorize the City Manager, Public Works Director/Manager or designee to execute change orders to the project in a total amount not to exceed $33,999 (ten percent of the bid amount) for any necessary additional work.
3. Read by title only, waive further reading and adopt Resolution No. 2022-80 titled:
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF BELL,
CALIFORNIA APPROPRIATING $ 120,000 OF AVAILABLE MEASURE
R FUND BALANCE TO THE SPEED HUMP INSTALLATION PROJECT
4. Approve Resolution No. 2022-83 - Declaring the Intention to Vacate the Alley Located South of Gage Avenue Between Clarkson Avenue and Atlantic Avenue and Setting the Date of a Public Hearing on the Proposed Vacation. (City Council)
Recommendation: It is recommended that the City Council read by title only, waive further reading and adopt Resolution No. 2022-83 titled:
Meeting of the
Bell City Council and Related Agencies
December 14, 2022
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF BELL
DECLARING ITS INTENTION TO VACATE THE ALLEY LOCATED
SOUTH OF GAGE AVENUE BETWEEN CLARKSON AVENUE AND
ATLANTIC AVENUE AND SETTING THE DATE OF A PUBLIC
HEARING ON THE PROPOSED VACATION
Consent Calendar
The following Consent Calendar items are expected to be routine and non-controversial. They are acted upon by the City Council and related authorities at one time without discussion. The reading of the full text of ordinances and resolutions will be waived unless a Councilmember requests otherwise.
Recommendation: Approve agenda items 5 through 10.
5. It is recommended that City Council read by title only, waive further reading and adopt Resolution 2022-81 titled:
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF BELL
AUTHORIZING THE CITY MANAGER TO CONTINUE UTILIZING
TELECONFERENCING FOR PUBLIC MEETINGS PURSUANT TO ASSEMBLY BILL 361 (STATS. 2021, CH. 165)
6. General Warrants, Successor Agency to the Bell Community Redevelopment Agency and Community Housing Authority Warrants dated December 14, 2022. (Council/Successor Agency to the Bell Community Redevelopment Agency/Bell Community Housing Authority).
7. Receive and File the City of Bell & Bell Successor Agency Investment Reports as of October, 2022. (Council/Successor Agency to the Bell Community Redevelopment Agency)
8. Receive and File the Donation Report for the month of October 2022. (Council)
9. Receive and File the Donation Report for the month of November 2022. (Council)
10. It is recommended that the City Council approve the proposed Stipulations and Award for Police Sergeant Jose Jimenez, which was made pursuant to the authority from the City Council given at the closed session meeting on October 26, 2022. (Council)
Pending Items – None
Next Regular Meeting, Wednesday, January 11, 2023
I, Angela Bustamante, City Clerk of the City of Bell, certify that a true, accurate copy of the foregoing agenda was posted on December 10, 2022 at least seventy-two (72) hours prior to the meeting as required by law.
________________________________
Angela Bustamante, City Clerk
REGULAR MEETING OF THE
BELL CITY COUNCIL AND RELATED AGENCIES
December 14, 2022
5:15 P.M. Closed Session
7:00 P.M. Regular Session
INDEX
Agenda Category Item Number Page Numbers
CLOSED SESSION a - w
A G E N D A & I N D E X 1 - 1 0
BUSINESS SESSION 1 11-14
2 1 5 - 2 4
3 2 5 - 8 0
4 8 1 - 8 8
CONSENT CALENDAR 5 89-93
6 9 4 - 2 3 8
7 239-324
8 325-326
9 3 2 7
10 328-337
City of Bell
Agenda Report
DATE: December 14, 2022
TO: Mayor and Members of the City Council
FROM: Angela Bustamante, City Clerk
Connie Hurtado, Interim Community Services Manager
APPROVED Michael L. Antwine II (e-signature)
BY: ________________________________________
Michael L. Antwine II, City Manager
SUBJECT: Appointment to the Community Services Commission RECOMMENDATION:
It is recommended that:
1. Councilmember Ali Saleh select an adult commissioner; and
2. For the City Council to ready by title only, waive further reading and adopt Resolu tion 2022-82 titled:
A RES
OLUTION OF THE CITY COUNCIL OF THE CITY OF BELL
APPROVING THE APPOINTMENT TO THE COMMUNITY
SERVICES COMMISSION
BACKGROUND:
The City of Bell currently has two (2) City
Commissions; Planning Commission (PC) and
Community Services Commission (CSC), in which each consist of five (5) members. Currently there is one adult positions in the CSC that is currently vacant.
DISCUSSION:
As required
by Section 54974 of the Government Code, the Notice of Commission Vacancies was posted on the City’s website and advertised on social media. The application period opened on Tuesday, October 11, 2022, and closed on Tuesday, November 8, 2022.
Councilman Ali Saleh will appoint an adult to the CSC. The adult commissioners will serve a two- year term beginning January 18, 2023 and ending on January 18, 2025.
Requirements for the Community Services Commissioner’s Appointments:
Adult Commissioners must be 18 years or over and reside in the City of Bell.
Registered voter under the City of Bell
As of Nove
mber 9, 2022, staff has received a total of three (3) applications for the “Adult Commissioner” position. Below are the names of the individuals who applied:
AGENDA ITEM 1
Adults:
1. Giovanni Diego
2. Mayra Gomez
3. Brenda Mariana Sanchez
After nominations are submitted, a majority vote is needed by the Council for the applicant to be appointed. Once appointed, Commissioners will receive in-house training from staff and the City Attorney’s office.
FISCAL IMPACT:
Commissioners receive a stipend of $50 per meeting for their attendance.
ATTACHMENTS:
1. Applications and Resume
2. Resolution 2022-82
Resolution 2022-82
RESOLUTION 2022-82
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF BELL
APPROVING THE APPOINTMENT TO THE COMMUNITY
SERVICES COMMISSION
WHEREAS, the City of Bell has two City Commissions, the Planning Commission and Community Services Commission, in which each consists of five (5) members; and WHEREAS, the Community Services Commission requires three of the members to be adults eighteen (18) years of age or older (the “adult commissioners”) residing in the City of Bell and the two other members shall be freshmen to senior level high school students (the “student commissioners”) residing in the City of Bell with a minimum grade point average (GPA) of 2.75; and
WHEREAS, Commissioner Jessica Vallejo resigned from her position on October 4, 2022 as a commissioner in the Community Services Commission as an adult commissioner; and WHEREAS, Councilmember Ali Saleh will select a new commissioner to replace the vacancy created by the departure of Commissioner Jessica Vallejo and serve the remaining time limit on the appointment which expires on January 18, 2025; and WHEREAS, the City Clerk’s Office posted the Notice of Vacancies on October 11, 2022, and set the deadline to submit applications on November 8, 2022; and WHEREAS, the City received sufficient applications for the Community Services Commission and recommends that the above mentioned councilmember submit their nomination to the City Council for ratification.
NOW, THEREFORE, THE CITY COUNCIL DOES HEREBY FIND, DETERMINE AND DECLARE AS FOLLOWS:
SECTION 1. That the City Council hereby ratifi es the following appointment made by Councilmember Monica Arroyo to the Community Services Commission:
Nominating For the
Council Member Appointee Term Ending
Councilmember Ali Saleh _________________ 1/18/2025
SECTION 3. That the City of Bell City Clerk shall certify to the adoption of this Resolution.
PASSED, APPROVED, AND ADOPTED this 14
th day of December 2022.
__________________________________
M o n i c a A r r o y o , M a y o r
Resolution 2022-82
APPROVED AS TO FORM:
_________________________
David Aleshire, City Attorney
CERTIFICATE OF ATTESTATION AND ORIGINALITY
I, Angela Bustamante, City Clerk of the City of Bell, hereby attest to and certify that Resolution 2022-82 is the original resolution adopted by the Bell City Council at its regular meeting held on the 14
th day of December, 2022 by the following vote:
AYES:
NOES:
ABSENT:
ABSTAIN:
_________________________________
Angela Bustamante, City Clerk
City of Bell
Agenda Report
DATE: December 14, 2022
TO: Mayor and Members of the City Council
FROM: Michael L. Antwine II, City Manager
Javier Ochiqui, Contracts and Facilities Manager
APPROVED Michael L. Antwine II (e-signature)
BY: __________________________________
Michael L. Antwine II, City Manager
SUBJECT: American Rescue Plan Act (ARPA) Funds FY 2022/2023 Budget Amendment
RECOMMENDATION:
It is recommended that the City Council read by title only, waive further reading and adopt Resolution 2022-79 tilted:
“A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
BELL, CALIFORNIA AUTHORIZING AND APPROVING THE
AMERICAN RESCUE PLAN ACT (ARPA) FUNDS BUDGET
AMENDMENT FOR THE CITY’S REMAINING ARPA BALANCE
AS PREVIOUSLY APPROVED BY THE CITY COUNCIL ON
OCTOBER 5, 2022”
BACKGROUND:
The City of Bell was allocated $8,497,378 million in funding, of which, the city received $4,248,689 on July 13, 2021, and $4,248,689 on July 21, 2022. On March 23, 2022, the City Council approved an initial $2,508,802.15 (Resolution 2022-22) of APRA funds. On October 5, 2022, the City Council approved the remaining $5,988,576, for which staff is requesting budget amendment to allocate the approved APRA funds. The APRA fund allocation is based on the City Council’s Budget Priorities: Economic Development, Public Infrastructure, Community Services, and Fiscal Health and Sustainability.
DISCUSSION:
The recommended action of a budget amendment will incorporate the City Council’s March 2022 and October 2022 ARPA projects into the fiscal year 2022-2023 budget. Based on these two approvals, the City Council has allocated the entire $8,497,378 APRA allocation. The City is required to obligate all funds by December 2024; and expenditure of funds by December 2026.
Staff has begun to implement the ARPA projects and will present subsequent Council agenda items for further implementation based on the scope of the project and in compliance with the City’s Financial Policies and Procedures.
The below Tables (1, 2 and 3) is status of each ARPA project approved by the City Council:
AGENDA ITEM 2
Table No. 1 – Approved ARPA Spending Plan No. 1
Table No. 2 – Approved Spending Plan No. 2
Status Balance
1 City Organizational Study (CIP#2103) $50,000
complete
-$11,753
2 Holiday Decorations (CIP#2101) $223,656
complete
$0
3 Youth Sports Public Health Assistance (Acct#311) $241,000
In-progress
$212,000
4 Atlantic Avenue Specific Plan (CIP#2093) $69,730
In-progress
$55,730
5 Cheli
Area Specific Plan (CIP#2092) $130,270
In-progress
$117,200
TOTAL $ 714,656
$373,177
Status Balance
1 Springbrook Financial System (CIP#2106) $281,000
In-progress
$281,000
2 City Website Redesign (CIP#2107) $140,000
On-hold
$140,000
3 Live Stream Services Upgrade (CIP#2108) $90,000
On-hold
$90,000
4 Bell Community Center Audio/Visual Upgrade
(CIP#2109) $70,000
On-hold
$70,000
5 Zoning Code Update (CIP#2110) $250,000
FY 2023
$250,000
6 Encampment and Homeless Services Response
(CIP#2111) $80,000
On-hold
$80,000
7 Police Vehicles (CIP#2112) $200,000
In-progress
$200,000
8 Covid Relief Fund Replenishment to the General
Fund
(Acct#7909 and 8104) $683,146
Complete
$0
TOTAL $1,794,146
$861,000
Table No. 3 – Approved Spending Plan No. 3
In conclusion, the City Manager’s Office will present a semi-annual report to the City Council and community regarding the status of the ARPA Strategic Implementation Plan. The first semi-annual report will be presented to the City Council in February 2023.
ATTACHMENT(S):
1. Resolution 2022-79 (Table 3)
2. Resolution 2022-22 (Table 2, and 1)
Status Balance
1 Economic Development (CIP# 2116)
‐ Development Incentive Program
‐ Gage Avenue Specific Plan
‐ Covid Small Business Relief Grant
‐ Branding and Marketing
‐ Mobile Event Traile r $2,925,000
In-progress
$2,925,000
2 City Facilities and Infrastructure (CIP#2117)
‐ City Hall, Bell House, Community Center,
and Police Department
‐ Body Worn Cameras
$800,000
In-progress
$800,000
3 Community Service Programs (CIP#2118)
‐ Deb Park Sports Netting
‐ Veterans Park and Deb Park Repairs
‐ Youth Sports and Afte r-School Programs $808,576
In-progress
$808,576
4 Fiscal Health and Sustainability (CIP#2119)
‐ 5-year Strategic Plan
‐ Fiscal Sustainability Plan
‐ Citywide Tax and Fee Analysis $355,000
In-progress
$355,000
5 Citywide Fleet Replacement Program (CIP#2120) $600,000
In-progress
$600,000
6 Information & Technology Improvements &
Upgrades (CIP#2121)
‐ Human Resources System
‐ Agenda Mgt Software
‐ Open Gov & Text My Gov
‐ Public Safety
‐ IT Cyber Security $500,000
In-progress
$500,000
TOTAL $5,988,576
$5,988,576
Resolution 2022‐79
RESOLUTION NO. 2022-79
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF BELL, CALIFORNIA
AUTHORIZING AND APPROVING THE AMERICAN RESCUE PLAN ACT (ARPA) FUNDS BUDGET AMENDMENT FOR THE CITY’S REMAINING ARPA BALANCE AS PREVIOUSLY APPROVED BY THE CITY COUNCIL ON OCTOBER 5, 2022
WHEREAS, since the first case of coronavirus disease 2019 (COVID-19) was discovered in the United States in January 2020. The disease has impacted every part of life: as social distancing became a necessity, businesses closed, schools transitioned to remote education, travel was sharply reduced, and millions of Americans lost their jobs; and
WHEREAS, as a result of the Pandemic cities have been called on to respond to the needs of their communities through the prevention, treatment, and vaccination of COVID-19; and WHEREAS, Congress adopted the American Rescue Plan Act in March 2021 (“ARPA”) which included $65 billion in recovery funds for cities across the country; and
WHEREAS, President Joe Biden signed into law the American Rescue Plan Act on March 11, 2021 (“ARPA”) to provide $350 billion in emergency funding;
WHEREAS, ARPA funds are intended to provide support to state, local, and tribal governments in responding to the impact of COVID-19 and in their efforts to contain COVID-19 in their communities, residents, and businesses; and
WHEREAS, of the $350 billion in funds $8,497,378.00 has been allocated to the City of Bell,
of which, the city received $4,248,689 on July 13, 2021, and $4,248,689 on July 21, 2022.; and
WHEREAS, the United States Department of Treasury has adopted guidance regarding the use of ARPA funds.
NOW, THEREFORE, THE CITY COUNCIL DOES HEREBY RESOLVE, DETERMINE AND ORDER AS FOLLOWS:
SECTION 1. On March 23, 2022, the Bell City Council adopted the projects listed below in FY 21-22 utilizing ARPA Funds.
Table No. 1 – Approved ARPA Spending Plan No. 1
1 City Organizational Study (CIP#2103) $50,000
2 Holiday Decorations (CIP#2101) $223,656
3 Youth Sports Public Health Assistance (Acct#311) $241,000
4 Atlantic Avenue Specific Plan (CIP#2093) $69,730
5 Cheli Area Specific Plan (CIP#2092) $130,270
TOTAL $714,656
Resolution 2022‐79
SECTION 2. On March 23, 2022, the City Council approved Spending Plan No. 2 listed below.
Table No. 2 – Approved Spending Plan No. 2
SECTION 3. On a Special City Council Meeting dated October 5, 2022, the City Council approved Spending Plan No. 3 detailed below.
Table No. 3 – Approved Spending Plan No. 3
Status Balance
1 Economic Development (CIP# 2116)
‐ Development Incentive Program
‐ Gage Avenue Specific Plan
‐ Covid Small Business Relief Grant
‐ Branding and Marketing
‐ Mobile Event Trailer $2,925,000
In-
progress
$2,925,000
2 City Facilities and Infrastructure (CIP#2117)
‐ City Hall, Bell House, Community
Center, and Police Department
‐ Body Worn Cameras
$800,000
In-
progress
$800,000
3 Community Service Programs (CIP#2118)
‐ Deb Park Sports Netting
‐ Veterans Park and Deb Park Repairs $808,576
1 Springbrook Financial System (CIP#2106) $281,000
2 City Website Redesign (CIP#2107) $140,000
3 Live Stream Services Upgrade (CIP#2108) $90,000
4 Bell Community Center Audio/Visual Upgrade (CIP#2109) $70,000 5 Zoning Code Update (CIP#2110) $250,000
6 Encampment and Homeless Services Response (CIP#2111) $80,000 7 Police Vehicles (CIP#2112) $200,000
8 Covid Relief Fund Replenishment to the General Fund
(Acct#7909 and 8104) $683,146
TOTAL $1,794,146
Resolution 2022‐79
‐ Youth Sports and After-School
Programs
In-
progress
$808,576
4 Fiscal Health and Sustainability (CIP#2119)
‐ 5-year Strategic Plan
‐ Fiscal Sustainability Plan
‐ Citywide Tax and Fee Analysis $355,000
In-
progress
$355,000
5 Citywide Fleet Replacement Program
(CIP#2120) $600,000
In-
progress
$600,000
6 Information & Technology Improvements &
Upgrades (CIP#2121)
‐ Human Resources System
‐ Agenda Mgt Software
‐ Open Gov & Text My Gov
‐ Public Safety
‐ IT Cyber Security $500,000
In-
progress
$500,000
TOTAL $5,988,576
$5,988,56
SECTION 4. The City Clerk shall certify to the adoption of this resolution.
PASSED, APPROVED, AND ADOPTED this 14th
d day of December 2022.
__________________________________
M o n i c a A r r o y o , M a y o r
APPROVED AS TO FORM:
_________________________
David Aleshire, City Attorney
CERTIFICATE OF ATTESTATION AND ORIGINALITY
I, Angela Bustamante, City Clerk of the City of Bell, hereby attest to and certify that the foregoing resolution is the original resolution adopted by the Bell City Council at its regular meeting held on the 14
th day of December 2022, by the following vote:
AYES: Councilmembers Arroyo, Gallardo, Saleh, Vice-Mayor Quintana and Mayor Romero
NOES: None
ABSENT: None
ABSTAIN: None
Resolution 2022‐79
_________________________________
Angela Bustamante, City Clerk
City of Bell
Agenda Report
DATE: December 14, 2022
TO: Mayor and Members of the City Council
FROM: Bill Pagett, PE, City Engineer
Rey Alfonso, PE, Deputy City Engineer
Gabino Luna, Public Works Manager
APPROVED BY: Michael L. Antwine II (e-signature)_
Michael L. Antwine II, City Manager
SUBJECT: Speed Hump Installation Project - Construction Award
RECOMMENDATION:
It is recommended that the City Council:
1. Award a construction contract in the am ount of $339,999.99 to J. B. Bostick Company, Inc. for the Speed Hump Installation Project, and
2. Authorize the City Manager, Public Works Director/Manager or designee to execute change orders to the project in a total amount not to exceed $33,999 (ten percent of the bid amount) for any necessary additional work.
3. Read by title only, waive further reading and adopt Resolution No. 2022-80 titled:
“A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF BELL,
CALIFORNIA APPROPRIATING $120,000 OF AVAILABLE MEASURE R FUND BALANCE TO THE SPEED HUMP INSTALLATION PROJECT.”
BACKGROUND:
Over the past couple of years, the City has installed approximately 150 speed humps. Initially, as a part of the upcoming FY 2022/2023 Residential Street Improvement Project, staff reviewed 50 additional speed hump locations for the Project; for economy of scale pricing.
The original speed hump locations were generated primarily by resident requests who expressed vehicle speeding concerns on their residential streets. The locations also include replacing rubber speed humps installed several years ago.
Notwithstanding the original FY 22/23 CIP budget, the City Manager directed the Public Works Department to not wait for the Residential Street Improvement Project and create a separate Speed Hump Installation CIP Project, which was approved by City Council in September 2022.
The new Speed Hump Installation CIP Project will address vehicular safety with the installation of 61 speed humps in various locations citywide. The project consists of replacing ten existing speed AGENDA ITEM 3
humps (seven rubber and three asphalt) that have existing related street signage. The other 51 speed humps are new installations that will requ ire new speed hump signage. Staff anticipates construction to begin in late January 2023 and conclude in February 2023.
Pursuant to “conflicts of interest” laws, if a governmental decision produces a foreseeable material financial effect on parcels of real property owned by councilmembers, then there are certain factors that must be considered by those coun cilmembers located inside or outside a 500-foot radius from a project’s boundaries. There is, however, an exception to the disqualification requirement: if the “decision solely concerns repairs, replacement or maintenance of existing streets, water, sewer, storm drainage or similar facilities” then the governmental decision is not material to cause a conflict of interest. 2 CCR § 18702.2. Therefore, no council members are disqualified regarding this project and do not need to recuse themselves.
DISCUSSION:
The City issued a construction bid notice on October 31, 2022, with a bid opening on November 17, 2022. Four (4) bids were received in a bid range of $339,999 to $393,000. The list of bidders and amounts are as follows:
Contractor Bid Amount
1 J. B. Bostick Company, Inc. $339,999.99
2 Excel Paving Company $349,912.00
3 Hardy & Harper, Inc. $376,062.00
4 Onyx Paving Company, Inc. $393,000.00
The apparent low bidder is J.B. Bostick Company, Inc. (Bostick Company) of Anaheim, California.
The low bid was 45% higher than the Engineer’s Estimate resulting in a higher construction cost by $105,600. The speed hump unit price reflects a substantial cost increase in materials that was not expected to be this high.
The estimated Project budget included plans/specification at $10,000, construction at $234,400, construction contingency at $23,440, and construction/project management services at $17,160 for a total budget of $300,000. Additionally, construction contingency and construction services will increase accordingly. It will be necessary to increase the approved $300,000 project budget by $120,000; therefore, staff is requesting a budget appropriation of an additional $120,000 of available Measure R Funds.
All required forms, licenses, registrations, bonds and insurance were appropriately submitted by Bostick Company and verified. Additionally, Bostick Company has successfully completed comparable projects in Southern California. Staff recommends award to J.B. Bostick Company, Inc.
FISCAL IMPACT:
The Project budget of $300,000 was approved and appropriated in September 2022 from available Measure M ($300,000) funds. The Project costs are now estimated to be $420,000 resulting in a need for $120,000 in additional funding.
Staff is requesting an appropriation of $120,000 of Measure R funds from the projected fiscal year Fund Balance. There will be no impact to the General Fund.
ATTACHMENTS:
1) Resolution No 2022-80 - Budget Amendment
2) J.B. Bostick Company, Inc. Contract
Attachment 1
Resolution 2022‐80
RESOLUTION NO. 2022–80
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF BELL,
CALIFORNIA APPROPRIATING $120, 000 OF AVAILABLE MEASURE R FUND BALANCE TO THE SPEED HUMP INSTALLATION PROJECT.
WHEREAS, the Speed Hump Installation Project was approved and added to the Fiscal Year 2022/2023 Capital Improvement Program with a $300,000 estimated project budget; and
WHEREAS, on October 31, 2022, City issued a Notice Inviting Bids for the construction of the Speed Hump Installation Project (Project); and
WHEREAS, on November 17, 2022, the City received four (4) competitive bids with J.B.
Bostick Company, Inc. as the lowest responsive bidder, with a bid that was 45% higher than the Engineer’s Estimate; and
WHEREAS, on December 14, 2022, the City awarded J.B. Bostick Company, Inc. a construction contract of $339,999.99 to complete the Project; and
WHEREAS, the new construction cost and other related costs will require additional project funding of $120,000 to meet increased costs.
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF BELL DOES HEREBY:
Section 1. Acknowledge the foregoing Recitals are true and correct and are incorporated herein.
Section 2. Appropriate One Hundred Twenty Thousand Dollars ($120,000) of Measure R funds from Measure R Fund Balance to the Speed Hump Installation Project for cost increase.
Section 3. Authorize that this Resolution shall take effect immediately; and the City Clerk shall certify to the passage of this Resolution.
PASSED, ADOPTED AND APPROVED this 14
th day of December 2022.
__________________________________
M o n i c a A r r o y o , M a y o r
APPROVED AS TO FORM
_________________________
Dave Aleshire, City Attorney
Resolution 2022‐80
CERTIFICATE OF ATTESTATION AND ORIGINALITY
I, Angela Bustamante, City Clerk of the City of Bell, hereby attest to and certify that the foregoing resolution is the original resolution adopted by the Bell City Council at its regular meeting held on the 14th day of December 2022, by the following vote:
AYES:
NOES:
ABSENT:
ABSTAIN:
_________________________________
Angela Bustamante, City Clerk
01135.0006/841036.1
PUBLIC WORKS AGREEMENT
By and Between
CITY OF BELL
and
J B BOSTICK COMPANY, INC.
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01135.0006/841036.1
AGREEMENT FOR PUBLIC WORKS SERVICES
BETWEEN THE CITY OF BELL AND
J B BOSTICK COMPANY, INC.
THIS AGREEMENT FOR PUBLIC WORKS SERVICES (herein “Agreement”) is made and entered into this ____ day of ______________, 2022 by and between the CITY OF BELL, a charter city (“City”) and J B BOSTICK COMPANY, INC. , a California corporation (“Contractor”). City and Contractor may be referred to, individually or collectively, as “Party” or “Parties.”
RECITALS
A. City has sought, by issuance of a Request for Proposals or Invitation for Bids, t he performance of the services defined and described particularly in Article 1 of this Agreement.
B. Contractor, following submission of a proposal or bid for the performance of the services defined and described particularly in Article 1 of this Agreement, was selected by the City to perform those services.
C. Pursuant to the City of Bell Municipal Code, City has authority to enter into and execute this Agreement.
D. The Parties desire to formalize the selection of Contractor for performance of those services defined and described particularly in Article 1 of this Agreement and desire that the terms of that performance be as particularly defined and described herein.
OPERATIVE PROVISIONS
NOW, THEREFORE, in consideration of the mutual promises and covenants made by the Parties and contained herein and other consideration, the value and adequacy of which are hereby acknowledged, the parties agree as follows:
ARTICLE 1. WORK OF CONTRACTOR
1.1 Scope of Work.
In compliance with all terms and conditions of this Agreement, the Contractor shall provide those services specified in the “Scope of Work” attached hereto as Exhibit “A” and incorporated herein by this reference, which may be referred to herein as the “services” or “work” hereunder. As a material inducement to the City en tering into this Agreement, Contractor represents and warrants that it has the qualifications, experience, and facilities necessary to properly perform the work required under this Agreement in a thorough, competent, and professional manner, and is experienced in performing the work and services contemplated herein.
Contractor shall at all times faithfully, competently and to the best of its ability, experience and talent, perform all services described herein. Contractor covenants that it shall follow the highest professional standards in performing the work and services required hereunder and that all materials will be both of good quality as well as fit for the purpose intended. For purposes of this
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01135.0006/841036.1
Agreement, the phrase “highest professional s tandards” shall mean those standards of practice recognized by one or more first-class firms performing similar work under similar circumstances.
1.2 Bid Documents.
The Scope of Work shall include the “General Provisions” and “Special Provisions” in the bid do cuments for the project entitled Speed Hump Improvements on Various Streets FY 2022-2023, including any documents or exhibits referenced therein (collectively, “bid documents”), all of which are incorporated herein by this reference. In the event of any inconsistency between the terms of the bid documents and this Agreement, the terms of this Agreement shall govern.
1.3 Compliance with Law.
Contractor shall keep itself informed concerning, and shall render all services hereunder in accordance with, all ordinances, resolutions, statutes, rules, and regulations of the City and any Federal, State or local governmental entity having jurisdiction in effect at the time service is rendered.
1.4 Compliance with California Labor Law.
(a) Public Work . The Parties acknowle dge that the work to be performed under this Agreement is a “public work” as defined in Labor Code Section 1720 and that this Agreement is therefore subject to the requirements of Division 2, Part 7, Chapter 1 (commencing with Section 1720) of the California Labor Code relating to public works contracts and the rules and regulations established by the Department of Industrial Relations (“DIR”) implementing such statutes. The work performed under this Agreement is subject to compliance monitoring and enforce ment by the DIR. Contractor shall post job site notices, as prescribed by regulation.
(b) Prevailing Wages . Contractor shall pay prevailing wages to the extent required by Labor Code Section 1771. Pursuant to Labor Code Section 1773.2, copies of the prevailing rate of per diem wages are on file at City Hall and will be made available to any interested party on request. By initiating any work under this Agreement, Contractor acknowledges receipt of a copy of the Department of Industrial Relations (DIR) determina tion of the prevailing rate of per diem wages, and Contractor shall post a copy of the same at each job site where work is performed under this Agreement.
(c) Penalty for Failure to Pay Prevailing Wages . Contractor shall comply with and be bound by the provisi ons of Labor Code Sections 1774 and 1775 concerning the payment of prevailing rates of wages to workers and the penalties for failure to pay prevailing wages. The Contractor shall, as a penalty to the City, forfeit two hundred dollars ($200) for each calendar day, or portion thereof, for each worker paid less than the prevailing rates as determined by the DIR for the work or craft in which the worker is employed for any public work done pursuant to this Agreement by Contractor or by any subcontractor. (d) Payroll Records. Contractor shall comply with and be bound by the provisions of Labor Code Section 1776, which requires Contractor and each subcontractor to: keep
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accurate payroll records and verify such records in writing under penalty of perjury, as specified in Section 1776; certify and make such payroll records available for inspection as provided by Section 1776; and inform the City of the location of the records. (e) Apprentices. Contractor shall comply with and be bound by the provisions of Labor Code Sections 1777.5, 1777.6, and 1777.7 and California Code of Regulations Title 8, Section 200 et seq. concerning the employment of apprentices on public works projects.
Contractor shall be responsible for compliance with these aforementioned Sections for all apprenticeable occupations. Prior to commencing work under this Agreement, Contractor shall provide City with a copy of the information submitted to any applicable apprenticeship program.
Within sixty (60) days after concluding work pursuant to this Agreement, Contractor an d each of its subcontractors shall submit to the City a verified statement of the journeyman and apprentice hours performed under this Agreement.
(f) Eight-Hour Work Day . Contractor acknowledges that eight (8) hours labor constitutes a legal day's work. Contra ctor shall comply with and be bound by Labor Code Section 1810.
(g) Penalties for Excess Hours . Contractor shall comply with and be bound by the provisions of Labor Code Section 1813 concerning penalties for workers who work excess hours. The Contractor shall , as a penalty to the City, forfeit twenty -five dollars ($25) for each worker employed in the performance of this Agreement by the Contractor or by any subcontractor for each calendar day during which such worker is required or permitted to work more than eight (8) hours in any one calendar day and forty (40) hours in any one calendar week in violation of the provisions of Division 2, Part 7, Chapter 1, Article 3 of the Labor Code. Pursuant to Labor Code section 1815, work performed by employees of Contract or in excess of eight (8) hours per day, and forty (40) hours during any one week shall be permitted upon public work upon compensation for all hours worked in excess of 8 hours per day at not less than one and one-half (1½) times the basic rate of pay.
(h) Workers’ Compensation. California Labor Code Sections 1860 and 3700 provide that every employer will be required to secure the payment of compensation to its employees if it has employees. In accordance with the provisions of California Labor Code Section 1861, Contractor certifies as follows:
“I am aware of the provisions of Section 3700 of the Labor Code which require every employer to be insured against liability for workers' compensation or to undertake self-insurance in accordance with the provisions of that code, and I will comply with such provisions before commencing the performance of the work of this contract.”
Contractor’s Authorized Initials ________
(i) Contractor’s Responsibility for Subcontractors . For every subcontractor who will perform work under this Agreement, Contractor shall be responsible for such subcontractor's compliance with Division 2, Part 7, Chapter 1 (commencing with Section 1720) of the California Labor Code, and shall make such compliance a requirement in any contract
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01135.0006/841036.1
with any subco ntractor for work under this Agreement. Contractor shall be required to take all actions necessary to enforce such contractual provisions and ensure subcontractor's compliance, including w ithout limitation, conducting a review of the certified payroll reco rds of the subcontractor on a periodic basis or upon becoming aware of the failure of the subcontractor to pay his or her workers the specified prevailing rate of wages. Contractor shall diligently take corrective action to halt or rectify any such failure by any subcontractor.
1.5 Licenses, Permits, Fees and Assessments.
Contractor shall obtain at its sole cost and expense such licenses, permits, registrations, and approvals as may be required by law for the performance of the services required by this Agreement. Contractor shall have the sole obligation to pay for any fees, assessments and taxes, plus applicable penalties and interest, which may be imposed by law and arise from or are necessary for the Contractor’s performance of the services required by this Agreement, and shall indemnify, defend and hold harmless City, its officers, employees or agents of City, against any such fees, assessments, taxes, penalties or interest levied, assessed or imposed against City hereunder.
1.6 Familiarity with Work.
(a) By executing this Agreement, Contractor warrants that Contractor (i) has thoroughly investigated and considered the scope of work to be performed, (ii) has carefully considered how the services should be performed, and (iii) fully understands the facilities, difficulties and restrictions attending performance of the services under this Agreement. If the services involve work upon any site, Contractor warrants that Contractor has or will investigate the site and is or will be fully acquainted with the conditions there existing, prior to commencement of services hereunder.
(b) Contractor shall promptly, and before the following conditions are disturbed, notify the City, in writing, of any: (i) material Contractor believes may be hazardous waste as defined in Section 25117 of the Health & Safety Code required to be removed to a Class I, II, or III disposal site in accordance with existing law; (ii) subsurface, unknown or latent conditions, materially different from those indicated; or (iii) unknown physical conditions at the site of any unusual nature, different from those ordinarily encountered and generally recognized as inherent in work of the character provided for in this Agreement, and will materially affect the performance of the services hereunder.
(c) City shall promptly investigate the conditions, and if it finds that the conditions do materially differ, or do involve hazardous waste, and cause a decrease or increase in Contractor's cost of, or the time required for, performance of any part of the work, shall issue a change order per Section 1.10 of this Agreement.
(d) In the event that a dispute arises between City and Contractor whether the conditions materially differ, or involve hazardous waste, or cause a decrease or increase in Contractor's cost of, or time requ ired for, performance of any part of the work, Contractor shall not be excused from any scheduled completion date set, but shall proceed with all work to be performed under the Agreement. Contractor shall retain any and all rights provided
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01135.0006/841036.1
either by contract or by law, which pertain to the resolution of disputes and protests between the contracting parties.
(e) City will compensate Contractor to the extent required by Government Code Section 4215 by issuing a change order per Section 1.10 of this Agreement.
1.7 Protection and Care of Work and Materials.
The Contractor shall adopt reasonable methods, including providing and maintaining storage facilities, during the life of the Agreement to furnish continuous protection to the work, and the equipment, materials, papers, documents, plans, studies and/or other components thereof to prevent losses or damages, and shall be responsible for all such damages, to persons or property, until acceptance of the work by City, except such losses or damages as caused by City’s own negligence. Stored materials shall be reasonably accessible for inspection. Contractor shall not, without City’s consent, assign, sell, mortgage, hypothecate, or remove equipment or materials which have been installed or delivered and which may be necessary for the completion of the work.
1.8 Warranty.
Contractor warrants all work under the Agreement (which for purposes of this Section shall be deemed to include unauthorized work which has not been removed and any non-conforming materials incorporated into the work) to be of good quality and free from any defective or faulty material and workmanship. Contractor agrees that for a period of one year (or the period of time specified elsewhere in the Agreement or in any guarantee or warranty provided by any manufacturer or supplier of equipment or materials incorporated into the work, whichever is later) after the date of final acceptance, Contractor shall within ten (10) days after being notified in writing by the City of any defect in the work or non-conformance of the work to the Agreement, commence and prosecute with due diligence all work necessary to fulfill the terms of the warranty at its sole cost and expense. Contractor shall act as soon as requested by the City in response to an emergency. In addition, Contractor shall, at its sole cost and expense, repair , remove and replace any portions of the work (or work of other contractors) damaged by its defective work or which becomes damaged in the course of repairing or replacing defective work. For any work so corrected, Contractor's obligation hereunder to correct defective work shall be reinstated for an additional one year period, commencing with the date of acceptance of such corrected work.
Contractor shall perform such tests as the City may require to verif y that any corrective actions, including, without limitation, redesign, repairs, and replacements comply with the requirements of the Agreement. All costs associated with such corrective actions and testing, including the removal, replacement, and reinstitution of equipment and materials necessary to gain access, shall be the sole responsibility of the Contractor. All warranties and guarantees of subcontractors, suppliers and manufacturers with respect to any portion of the work, whether express or implied, are deemed to be obtained by Contractor for the benefit of the City, regardless of whether or not such warranties and guarantees have been transferred or assigned to the City by separate agreement and Contractor agrees to enforce such warranties and guara ntees, if necessary, on behalf of the City. In the event that Contractor fails to perform its obligations under this Section, or under any other warranty or guaranty under this Agreement, to the reasonable satisfaction of the City, the City shall have the right to correct and replace any defective or non -conforming work and any work damaged by such work or the replacement or correction thereof at Contractor's sole expense.
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Contractor shall be obligated to fully reimburse the City for any expenses incurred hereunder upon demand.
1.9 Further Responsibilities of Parties.
Both parties agree to use reasonable care and diligence to perform their respective obligations under this Agreement. Both parties agree to act in good faith to execute all instruments, prepare all documents and take all actions as may be reasonably necessary to carry out the purposes of this Agreement. Unless hereafter specified, neither party shall be responsible for the service of the other.
1.10 Additional Work and Change Orders.
(a) City shall have the right at any time during the performance of the services, without invalidating this Agreement, to order extra work beyond that specified in the Scope of Work or make changes by altering, adding to or deducting from said work. No such extra work may be undertaken unless a written change order is first given by the Contract Officer to the Contractor, incorporating therein any adjustment in (i) the Contract Sum, and/or (ii) the time to perform this Agreement, which said adjustments are subject to the written approval of the Contractor (“Change Order”). All Change Orders must be signed by the Contractor and Contract Officer prior to commencing the extra work thereunder.
(b) Any increase in compensation of up to ten percent (10%) of the Contract Sum or $25,000, whichever is less; or any increase in the time to perform of up to one hundred eighty (180) days; and does not materially affect the Work and which are not detrimental to the Work or to the interest of the City, may be approved by the Contract Officer. Any greater increases, taken either separately or cumulatively, must be approved by the City Council. (c) Any adjustment in the Contract Sum for a Change Order must be in accordance with the rates set forth in the Schedule of Compensation in Exhibit “C”. If the rates in the Schedule of Compensation do not cover the type of work in the Change Order, the cost of such work shall not exceed an amount agreed upon in writing and signed by Contra ctor and Contract Officer. If the cost of the Change Order cannot be agreed upon, the City will pay for actual work of the Change Order completed, to the satisfaction of the City, as follows:
(i) Labor: the cost of labor shall be the actual cost for wages of workers and subcontractors performing the work for the Change Order at the time such work is done. The use of labor classifications that would increase the cost of such work shall not be permitted.
(ii) Materials and Equipment: the cost of materials and equipment shall be at cost to Contractor or lowest current price which such materials and equipment are reasonably available at the time the work is done, whichever is lower. (iii) If the cost of the extra work cannot be agreed upon, the Contractor must provide a daily report that includes invoices for labor, materials and equipment costs for the work under the Change Order. The daily report must include: list of names of workers, classifications, and hours worked; description and list of quantities of ma terials used; type of
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equipment, size, identification number, and hours of operation, including loading and transportation, if applicable; description of other City authorized services and expenditures in such detail as the City may require. Failure to submit a daily report by the close of the next working day may, at the City’s sole and absolute discretion, waive the Contractor’s rights for that day. (d) It is expressly understood by Contractor that the provisions of this Section 1.10 shall not apply to servic es specifically set forth in the Scope of Work. Contractor hereby acknowledges that it accepts the risk that the services to be provided pursuant to the Scope of Work may be more costly or time consuming than Contractor anticipates and that Contractor shall not be entitled to additional compensation therefor. City may in its sole and absolute discretion have similar work done by other contractors. (e) No claim for an increase in the Contract Sum or time for performance shall be valid unless the procedures established in this Section are followed.
1.11 Special Requirements.
Additional terms and conditions of this Agreement, if any, which are made a part hereof are set forth in the “Special Requirements” attached hereto as Exhibit “B” and incorporated herein by this reference. In the event of a conflict between the provisions of Exhibit “B” and any other provisions of this Agreement, the provisions of Exhibit “B” shall govern.
ARTICLE 2. COMPENSATION AND METHOD OF PAYMENT.
2.1 Contract Sum.
Subject to any limitations set forth in this Agreement, City agrees to pay Contractor the amounts specified in the “Schedule of Compensation” attached hereto as Exhibit “C” and incorporated herein by this reference. The total compensation, including reimbursement for actual expenses, shall not exceed Three Hundred Thirty-Nine Thousand Nine Hundred Ninety-Nine Dollars and Ninety -Nine Cents ($339,999.99) (the “Contract Sum”), unless additional compensation is approved pursuant to Section 1.10.
2.2 Method of Compensation.
The method of compensation may include: (i) a lump sum payment upon completion; (ii) payment in accordance with specified tasks or the percentage of completion of the services less the contract retention; (iii) payment for time and materials based upon the Contractor’s rates as specified in the Schedule of Compensation, provided that (a) time estimates are provided for the performance of sub tasks, (b) contract retention is maintained and (c) the Contract Sum is not exceeded; or (iv) such other methods as may be specified in the Schedule of Compensation.
2.3 Reimbursable Expenses.
Compensation may include reimbursement for actual and necessary e xpenditures for reproduction costs, telephone expenses, and travel expenses approved by the Contract Officer in advance, or actual subcontractor expenses of an approved subcontractor pursuant to Section 4.5,
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and only if specified in the Schedule of Compens ation. The Contract Sum shall include the attendance of Contractor at all project meetings reasonably deemed necessary by the City.
Coordination of the performance of the work with City is a critical component of the services. If Contractor is required to attend additional meetings to facilitate such coordination, Contractor shall not be entitled to any additional compensation for attending said meetings.
2.4 Invoices.
Each month Contractor shall furnish to City an original invoice for all work performed and ex penses incurred during the preceding month in a form approved by City’s Director of Finance. By submitting an invoice for payment under this Agreement, Contractor is certifying compliance with all provisions of the Agreement. The invoice shall contain all information specified in Exhibit “C”, and shall detail charges for all necessary and actual expenses by the following categories: labor (by sub -category), travel, materials, equipment, supplies, and sub-contractor contracts. Sub-contractor char ges shall also be detailed by such categories.
Contractor shall not invoice City for any duplicate services performed by more than one person.
City shall, as soon as practicable, independently review each invoice submitted by the Contractor to determine whether the work performed and expenses incurred are in compliance with the provisions of this Agreement. Except as to any charges for work performed or expenses incurred by Contractor which are disputed by City, or as provided in Section 7.3, City will cau se Contractor to be paid within thirty (30) days of receipt of Contractor’s correct and undisputed invoice; however, Contractor acknowledges and agrees that due to City warrant run procedures, the City cannot guarantee that payment will occur within this t ime period. In the event that City does not cause Contractor to be paid within thirty (30) days of receipt of an undisputed and properly submitted invoice, Contractor shall be entitled to the payment of interest to the extent allowed under Public Contract Code Section 20104.50. In the event any charges or expenses are disputed by City, the original invoice shall be returned by City to Contractor, not later than seven (7) days after receipt by the City, for correction and resubmission. Returned invoices shal l be accompanied by a document setting forth in writing the reasons why the payment request was rejected. Review and payment by the City of any invoice provided by the Contractor shall not constitute a waiver of any rights or remedies provided herein or any applicable law.
2.5 Waiver.
Payment to Contractor for work performed pursuant to this Agreement shall not be deemed to waive any defects in work performed by Contractor.
ARTICLE 3. PERFORMANCE SCHEDULE
3.1 Time of Essence.
Time is of the essence in the performance of this Agreement.
3.2 Schedule of Performance.
Contractor shall commence the services pursuant to this Agreement upon receipt of a written notice to proceed and shall perform all services within the time period(s) established in
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the “Schedule of P erformance” attached hereto as Exhibit “D” and incorporated herein by this reference. When requested by the Contractor, extensions to the time period(s) specified in the Schedule of Performance may be approved in writing by the Contract Officer but not exc eeding one hundred eighty (180) days cumulatively.
3.3 Force Majeure.
The time period(s) specified in the Schedule of Performance for performance of the services rendered pursuant to this Agreement shall be extended because of any delays due to unforeseeable causes beyond the control and without the fault or negligence of the Contractor, including, but not restricted to, acts of God or of the public enemy, unusually severe weather, fires, earthquakes, floods, epidemics, quarantine restrictions, riots, strikes, freight embargoes, wars, litigation, and/or acts of any governmental agency, including the City, if the Contractor shall within ten (10) days of the commencement of such delay notify the Contract Officer in writing of the causes of the delay. The Contract Officer shall ascertain the facts and the extent of delay, and extend the time for performing the services for the period of the enforced delay when and if in the judgment of the Contract Officer such delay is justified. The Contract Officer’s determination shall be final and conclusive upon the parties to this Agreement. In no event shall Contractor be entitled to recover damages against the City for any delay in the performance of this Agreement, however caused, Contractor’s sole remedy being extension of the Agreement pursuant to this Section.
3.4 Inspection and Final Acceptance.
City may inspect and accept or reject any of Contractor’s work under this Agreement, either during performance or when completed. City shall reject or finally accept Contractor’s work within forty-five (45) days after submitted to City. City shall accept work by a timely written acceptance, otherwise work shall be deemed to have been rejected. City’s acceptance shall be conclusive as to such work except with respect to latent defects, fraud and such gross mistakes as to amount to fraud. Acceptance of any work by City shall not constitute a waiver of any of the provisions of this Agreement including, but not limited to, Articles 1 and 5, pertaining to warranty and indemnification and insurance, respectively.
3.5 Term.
Unless earlier terminated in accordance with Article 7 of this Agreement, this Agreement shall continue in full force and effect until completion of the services but not exceeding one (1) year from the date hereof, except as otherwise provided in the Schedule of Performance (Exhibit “D”).
ARTICLE 4. COORDINATION OF WORK
4.1 Representatives and Personnel of Contractor.
The following principals of Contractor (“Principals”) are hereby designated as being the principals and representatives of Contractor authorized to act in its behalf with respect to the work specified herein and make all decisions in connection therewith:
Joel Batule President
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(Name) (Title)
(Name) (Title)
(Name) (Title)
It is expressly understood that the experience, knowledge, capability and reputation of the foregoing Principals were a substantial inducement for City to enter into this Agreement.
Therefore, the Principals shall be responsible during the term of thi s Agreement for directing all activities of Contractor and devoting sufficient time to personally supervise the services hereunder.
All personnel of Contractor, and any authorized agents, shall at all times be under the exclusive direction and control of the Principals. For purposes of this Agreement, the Principals may not be replaced nor may their responsibilities be substantially reduced by Contractor without the express written approval of City. Additionally, Contractor shall make every reasonable effort to maintain the stability and continuity of Contractor’s staff and subcontractors, if any, assigned to perform the services required under this Agreement. Contractor shall notify City of any changes in Contractor’s staff and subcontractors, if any, assigned to perform the services required under this Agreement, prior to and during any such performance.
4.2 Status of Contractor.
Contractor shall have no authority to bind City in any manner, or to incur any obligation, debt or liability of any kind on behalf o f or against City, whether by contract or otherwise, unless such authority is expressly conferred under this Agreement or is otherwise expressly conferred in writing by City. Contractor shall not at any time or in any manner represent that Contractor or any of Contractor’s officers, employees, or agents are in any manner officials, officers, employees or agents of City. Neither Contractor, nor any of Contractor’s officers, employees or agents, shall obtain any rights to retirement, health care or any other benefits which may otherwise accrue to City’s employees. Contractor expressly waives any claim Contractor may have to any such rights.
4.3 Contract Officer.
The Contract Officer shall be Gabino Luna, Public Works Manager, or such person as may be designated by the City Manager. It shall be the Contractor’s responsibility to assure that the Contract Officer is kept informed of the progress of the performance of the services and the Contractor shall refer any decisions which must be made by City to the Contract O fficer. Unless otherwise specified herein, any approval of City required hereunder shall mean the approval of the Contract Officer. The Contract Officer shall have authority, if specified in writing by the City Manager, to sign all documents on behalf of the City required hereunder to carry out the terms of this Agreement.
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4.4 Independent Contractor.
Neither the City nor any of its employees shall have any control over the manner, mode or means by which Contractor, its agents or employees, perform the services required herein, except as otherwise set forth herein. City shall have no voice in the selection, discharge, supervision or control of Contractor’s employees, servants, representatives or agents, or in fixing their number, compensation or hours of service . Contractor shall perform all services required herein as an independent contractor of City and shall remain at all times as to City a wholly independent contractor with only such obligations as are consistent with that role. Contractor shall not at any time or in any manner represent that it or any of its agents or employees are agents or employees of City. City shall not in any way or for any purpose become or be deemed to be a partner of Contractor in its business or otherwise or a joint venturer o r a member of any joint enterprise with Contractor.
4.5 Prohibition Against Subcontracting or Assignment.
The experience, knowledge, capability and reputation of Contractor, its principals and employees were a substantial inducement for the City to enter into this Agreement. Therefore, Contractor shall not contract with any other entity to perform in whole or in part the services required hereunder without the express written approval of the City. All subcontractors shall obtain, at its or Contractor’s expense, such licenses, permits, registrations and approvals (including from the City) as may be required by law for the performance of any services or work under this Agreement. In addition, neither this Agreement nor any interest herein may be transferred, assigned, conveyed, hypothecated or encumbered voluntarily or by operation of law, whether for the benefit of creditors or otherwise, without the prior written approval of City. Transfers restricted hereunder shall include the transfer to any person or group of persons acting in concert of more than twenty five percent (25%) of the present ownership and/or control of Contractor, taking all transfers into account on a cumulative basis. In the event of any such unapproved transfer, including any bankruptcy proceed ing, this Agreement shall be void. No approved transfer shall release the Contractor or any surety of Contractor of any liability hereunder without the express consent of City.
ARTICLE 5. INSURANCE, INDEMNIFICATION AND BONDS
5.1 Insurance Coverages.
Without limiting Contractor’s indemnification of City, and prior to commencement of any services under this Agreement, Contractor shall obtain, provide and maintain at its own expense during the term of this Agreement, policies of insurance of the type and amounts described below and in a form satisfactory to City.
(a) General liability insurance . Contractor shall maintain commercial general liability insurance with coverage at least as broad as Insurance Services Office form CG 00 01, in an amount not les s than $2,000,000 per occurrence, $4,000,000 general aggregate, for bodily injury, personal injury, and property damage. The policy must include contractual liability that has not been amended. Any endorsement restricting standard ISO “insured contract” language will not be accepted.
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(b) Automobile liability insurance . Contractor shall maintain automobile insurance at least as broad as Insurance Services Office form CA 00 01 covering bodily injury and property damage for all activities of the Contractor arising out of or in connection with Services to be performed under this Agreement, including coverage for any owned, hired, non -owned or rented vehicles, in an amount not less than $1,000,000 combined single limit for each accident. (c) Professional liabilit y (errors & omissions) insurance . Contractor shall maintain professional liability insurance that covers the Services to be performed in connection with this Agreement, in the minimum amount of $1,000,000 per claim and in the aggregate. Any policy inception date, continuity date, or retroactive date must be before the effective date of this Agreement and Contractor agrees to maintain continuous coverage through a period no less than three (3) years after completion of the services required by this Agreement. (d) Workers’ compensation insurance . Contractor shall maintain Workers’ Compensation Insurance (Statutory Limits) and Employer’s Liability Insurance (with limits of at least $1,000,000).
(e) Subcontractors. Contractor shall include all subcontractors a s insureds under its policies or shall furnish separate certificates and certified endorsements for each subcontractor. All coverages for subcontractors shall include all of the requirements stated herein. (f) Additional Insurance. Policies of such other i nsurance, as may be required in the Special Requirements in Exhibit “B”.
5.2 General Insurance Requirements.
(a) Proof of insurance. Contractor shall provide certificates of insurance to City as evidence of the insurance coverage required herein, along with a waiver of subrogation endorsement for workers’ compensation. Insurance certificates and endorsements must be approved by City’s Risk Manager prior to commencement of performance. Current certification of insurance shall be kept on file with City at all ti mes during the term of this Agreement. City reserves the right to require complete, certified copies of all required insurance policies, at any time.
(b) Duration of coverage . Contractor shall procure and maintain for the duration of this Agreement insurance against claims for injuries to persons or damages to property, which may arise from or in connection with the performance of the Services hereunder by Contractor, its agents, representatives, employees or subcontractors. (c) Primary/noncontributing. C overage provided by Contractor shall be primary and any insurance or self-insurance procured or maintained by City shall not be required to contribute with it. The limits of insurance required herein may be satisfied by a combination of primary and umbrella or excess insurance. Any umb rella or excess insurance shall contain or be endorsed to contain a provision that such coverage shall also apply on a primary and non - contributory basis for the benefit of City before the City’s own insurance or self -insurance shall be called upon to protect it as a named insured.
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(d) City’s rights of enforcement. In the event any policy of insurance required under this Agreement does not comply with these specifications or is canceled and not replaced, City has the right but not the duty to obtain the ins urance it deems necessary and any premium paid by City will be promptly reimbursed by Contractor or City will withhold amounts sufficient to pay premium from Contractor payments. In the alternative, City may cancel this Agreement. (e) Acceptable insurers. All insurance policies shall be issued by an insurance company currently authorized by the Insurance Commissioner to transact business of insurance or that is on the List of Approved Surplus Line Insurers in the State of California, with an assigned policyholders’ Rating of A - (or higher) and Financial Size Category Class VI (or larger) in accordance with the latest edition of Best’s Key Rating Guide, unless otherwise approved by the City’s Risk Manager.
(f) Waiver of subrogation . All insurance coverage mai ntained or procured pursuant to this agreement shall be endorsed to waive subrogation against City, its elected or appointed officers, agents, officials, employees and volunteers or shall specifically allow Contractor or others providing insurance evidence in compliance with these specifications to waive their right of recovery prior to a loss. Contractor hereby waives its own right of recovery against City, and shall require similar written express waivers and insurance clauses from each of its subcontractors.
(g) Enforcement of contract provisions (non -estoppel). Contractor acknowledges and agrees that any actual or alleged failure on the part of the City to inform Contractor of non-compliance with any requirement imposes no additional obligations on the City nor does it waive any rights hereunder.
(h) Requirements not limiting . Requirements of specific coverage features or limits contained in this section are not intended as a limitation on coverage, limits or other requirements, or a waiver of any coverage normally provided by any insurance. Specific reference to a given coverage feature is for purposes of clarification only as it pertains to a given issue and is not intended by any party or insured to be all inclusive, or to the exclusion of other coverage, or a waiver of any type. If the Contractor maintains higher limits than the minimums shown above, the City requires and shall be entitled to coverage for the higher limits maintained by the Contractor. Any available insurance proceeds in excess of the s pecified minimum limits of insurance and coverage shall be available to the City.
(i) Notice of cancellation . Contractor agrees to oblige its insurance agent or broker and insurers to provide to City with a thirty (30) day notice of cancellation (except fo r nonpayment for which a ten (10) day notice is required) or nonrenewal of coverage for each required coverage.
(j) Additional insured status . General liability policies shall provide or be endorsed to provide that City and its officers, officials, employees, and agents, and volunteers shall be additional insureds under such policies. This provision shall also apply to any excess/umbrella liability policies.
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(k) Prohibition of undisclosed coverage limitations . None of the coverages required herein will be i n compliance with these requirements if they include any limiting endorsement of any kind that has not been first submitted to City and approved of in writing. (l) Separation of insureds. A severability of interests provision must apply for all additional insureds ensuring that Contractor’s insurance shall apply separately to each insured against whom claim is made or suit is brought, except with respect to the insurer’s limits of liability. The policy(ies) shall not contain any cross-liability exclusions. (m) Pass through clause . Contractor agrees to ensure that its subconsultants, subcontractors, and any other party involved with the project who is brought onto or involved in the project by Contractor, provide the same minimum insurance coverage and endors ements required of Contractor. Contractor agrees to monitor and review all such coverage and assumes all responsibility for ensuring that such coverage is provided in conformity with the requirements of this section. Contractor agrees that upon request, all agreements with consultants, subcontractors, and others engaged in the project will be submitted to City for review. (n) Agency’s right to revise specifications . The City reserves the right at any time during the term of the contract to change the amount s and types of insurance required by giving the Contractor ninety (90) days advance written notice of such change. If such change results in substantial additional cost to the Contractor, the City and Contractor may renegotiate Contractor’s compensation.
(o) Self-insured retentions. Any self-insured retentions must be declared to and approved by City. City reserves the right to require that self -insured retentions be eliminated, lowered, or replaced by a deductible. Self -insurance will not be considered to comply with these specifications unless approved by City.
(p) Timely notice of claims . Contractor shall give City prompt and timely notice of claims made or suits instituted that arise out of or result from Contractor’s performance under this Agreement, and that involve or may involve coverage under any of the required liability policies.
(q) Additional insurance. Contractor shall also procure and maintain, at its own cost and expense, any additional kinds of insurance, which in its own judgment may be necessary for its proper protection and prosecution of the work.
5.3 Indemnification.
To the full extent permitted by law, Contractor agrees to indemnify, defend and hold harmless the City, its officers, employees and agents (“Indemnified Parties”) against, and will hold and save them and each of them harmless from, any and all actions, either judicial, administrative, arbitration or regulatory claims, damages to persons or property, losses, costs, penalties, obligations, errors, omissions or liabilities whether actual or threatened (herein “claims or liabilities”) that may be asserted or claimed by any person, firm or entity arising out of or in connection with the negligent performance of the work, operations or activities provided herein of Contractor, its officers, employees, agents, subcontractors, or invitees, or any individual or entity for which Contractor is legally liable (“indemnitors”), or arising from Contractor’s or indemnitors’
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reckless or willful misconduct, or arising from Contractor’s or indemnitors’ negligent performance of or failure to perform any term, provision, covenant or condition of this Agreement, and in connection therewith:
(a) Contractor will defend any action or actions filed in connection with any of said claims or liabiliti es and will pay all costs and expenses, including legal costs and attorneys’ fees incurred in connection therewith;
(b) Contractor will promptly pay any judgment rendered against the City, its officers, agents or employees for any such claims or liabilities arising out of or in connection with the negligent performance of or failure to perform such work, operations or activities of Contractor hereunder; and Contractor agrees to save and ho ld the City, its officers, agents, and employees harmless therefrom;
(c) In the event the City, its officers, agents or employees is made a party to any action or proceeding filed or prosecuted against Contractor for such damages or other claims arising out of or in connection with the negligent performance of or failure to perform the work, operation or activities of Contractor hereunder, Contractor agrees to pay to the City, its officers, agents or employees, any and all costs and expenses incurred by the City, its officers, agents or employees in such action or proceeding, including but not limited to, legal costs and attorneys’ fees.
In addition, Contractor agrees to indemnify, defend and hold harmless the Indemnified Parties from, any and all claims and lia bilities for any infringement of patent rights, copyrights or trademark on any person or persons in consequence of the use by the Indemnified Parties of articles to be supplied by Contractor under this Agreement, and of which the Contractor is not the patentee or assignee or has not the lawful right to sell the same.
Contractor shall incorporate similar indemnity agreements with its subcontractors and if it fails to do so Contractor shall be fully responsible to indemnify City hereunder therefore, and failure of City to monitor compliance with these provisions shall not be a waiver hereof. This indemnification includes claims or liabilities arising from any negligent or wrongful act, error or omission, or reckless or willful misconduct of Contractor in the performance of professional services and work hereunder. The provisions of this Section do not apply to claims or liabilities occurring as a result of City’s sole negligence or willful acts or omissions, but, to the fullest extent permitted by law, shall apply to claims and liabilities resulting in part from City’s negligence, except that design professionals’ indemnity hereunder shall be limited to claims and liabilities arising out of the negligence, recklessness or willful misconduct of the design profe ssional. The indemnity obligation shall be binding on successors and assigns of Contractor and shall survive termination of this Agreement.
5.4 Notification of Third-Party Claims.
City shall timely notify Contractor of the receipt of any third -party claim relating to the work under this Agreement. City shall be entitled to recover from Contractor its reasonable costs incurred in providing such notification.
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5.5 Performance and Labor Bonds.
Concurrently with execution of this Agreement Contractor shall deliver to the City, the following:
(a) A performance bond in the amount of the Contract Sum of this Agreement, in the form provided by the City Clerk, which secures the faithful performance of this Agreement.
(b) A labor and materials bond in the amount of the Contract Sum of this Agreement, in the form provided by the City Clerk, which secures the payment of all persons furnishing labor and/or materials in connection with the work under this Agreement.
Both the performance and labors bonds required under this Section 5.5 shall contain the original notarized signature of an authorized officer of the surety and affixed thereto shall be a certified and current copy of his power of attorney. The bond shall be unconditional and remain in force during the entire term of the Agreem ent and shall be null and void only if the Contractor promptly and faithfully performs all terms and conditions of this Agreement and pays all labor and materials for work and services under this Agreement.
5.6 Sufficiency of Insurer or Surety.
Insurance and bonds required by this Agreement shall be satisfactory only if issued by companies qualified to do business in California, rated “A” or better in the most recent edition of Best’s Rating Guide, The Key Rating Guide or in the Federal Register, and only if they are of a financial category Class VII or better, unless such requirements are waived by the Risk Manager of the City (“Risk Manager”) due to unique circumstances. If this Agreement continues for more than 3 years duration, or in the event the Risk Manager determines that the work or services to be performed under this Agreement creates an increased or decreased risk of loss to the City, the Contractor agrees that the minimum limits of the insurance policies and the performance bond required by Section 5.5 may be changed accordingly upon receipt of written notice from the Risk Manager.
5.7 Substitution of Securities.
Pursuant to Public Contract Code Section 22300, substitution of eligible equivalent securities for any funds withheld to ensure performance unde r this Agreement may be permitted at the request and sole expense of the Contractor. Alternatively, the Contractor may, pursuant to an escrow agreement in a form prescribed by Public Contract Code Section 22300, request payment of retentions funds earned d irectly to the escrow agent at the sole expense of the Contractor.
5.8 Release of Securities.
City shall release the Performance and Labor Bonds when the following have occurred:
(a) Contractor has made a written request for release and provided evidence of satisfaction of all other requirements under Article 5 of this Agreement;
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(b) the Work has been accepted; and
(c) after passage of the time within which lien claims are required to be made pursuant to applicable laws; if lien claims have been timely filed, City s hall hold the Labor Bond until such claims have been resolved, Contractor has provided statutory bond, or otherwise as required by applicable law.
ARTICLE 6. RECORDS, REPORTS, AND RELEASE OF INFORMATION
6.1 Records.
Contractor shall keep, and require subcontractors to keep, such ledgers, books of accounts, invoices, vouchers, canceled checks, reports, studies, certified and accurate copies of payroll records in compliance with all applicable laws, or other documents relating to the disbursements charged to City and services performed hereunder (the “books and records”), as shall be necessary to perform the services required by this Agreement and enable the Contract Officer to evaluate the performance of such services. Any and all such documents shall be maintained in accordance with generally accepted accounting principles and shall be complete and detailed. The Contract Officer shall have full and free access to such books and records at all times during normal business hours of City, including the right to inspect, copy, audit and make records and transcripts from such records. Such records shall be maintained for a period of 3 years following completion of the services hereunder, and the City shall have access to such records in the event any audit is required. In the event of dissolution of Contractor’s business, custody of the books and records may be given to City, and access shall be provided by Contractor’s successor in interest. Notwithstanding the above, the Contractor shall fully cooperate with the City in providing access to the books and records if a public records request is made and disclosure is required by law including but not limited to the California Public Records Act.
6.2 Reports.
Contractor shall periodically prepare and submit to the Con tract Officer such reports concerning the performance of the services required by this Agreement as the Contract Officer shall require. Contractor hereby acknowledges that the City is greatly concerned about the cost of work and services to be performed pursuant to this Agreement. For this reason, Contractor agrees that if Contractor becomes aware of any facts, circumstances, techniques, or events that may or will materially increase or decrease the cost of the work or services contemplated herein or, if Co ntractor is providing design services, the cost of the project being designed, Contractor shall promptly notify the Contract Officer of said fact, circumstance, technique or event and the estimated increased or decreased cost related thereto and, if Contra ctor is providing design services, the estimated increased or decreased cost estimate for the project being designed.
6.3 Ownership of Documents.
All drawings, specifications, maps, designs, photographs, studies, surveys, data, notes, computer files, reports, records, documents and other materials (the “documents and materials”) prepared by Contractor, its employees, subcontractors and agents in the performance of this Agreement shall be the property of City and shall be delivered to City upon request of the Contract Officer or upon the termination of this Agreement, and Contractor shall have no claim
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for further employment or additional compensation as a result of the exercise by City of its full rights of ownership use, reuse, or assignment of the documents and materials hereunder. Any use, reuse or assignment of such completed documents for other projects and/or use of uncompleted documents without specific written authorization by the Contractor will be at the City’s sole risk and without liability to Contractor, and Contractor’s guarantee and warranties shall not extend to such use, reuse or assignment. Contractor may retain copies of such documents for its own use.
Contractor shall have an unrestricted right to use the concepts embodied therein. All subcontractors shall provide for assignment to City of any documents or materials prepared by them, and in the event Contractor fails to secure such assignment, Contractor shall indemnify City for all damages resulting therefrom. Moreover, Contractor with respect to any documents and materials that may qualify as “works made for hire” as defined in 17 U.S.C. § 101, such documents and materials are hereby deemed “works made for hire” for the City.
6.4 Confidentiality and Release of Information.
(a) information gained or wo rk product produced by Contractor in performance of this Agreement shall be considered confidential, unless such information is in the public domain or already known to Contractor. Contractor shall not release or disclose any such information or work produ ct to persons or entities other than City without prior written authorization from the Contract Officer.
(b) Contractor, its officers, employees, agents or subcontractors, shall not, without prior written authorization from the Contract Officer or unless requ ested by the City Attorney, voluntarily provide documents, declarations, letters of support, testimony at depositions, response to interrogatories or other information concerning the work performed under this Agreement. Response to a subpoena or court orde r shall not be considered "voluntary" provided Contractor gives City notice of such court order or subpoena. (c) If Contractor, or any officer, employee, agent or subcontractor of Contractor, provides any information or work product in violation of this Agree ment, then City shall have the right to reimbursement and indemnity from Contractor for any damages, costs and fees, including attorneys’ fees, caused by or incurred as a result of Contractor’s conduct. (d) Contractor shall promptly notify City should Contractor, its officers, employees, agents or subcontractors be served with any summons, complaint, subpoena, notice of deposition, request for documents, interrogatories, request for admiss ions or other discovery request, court order or subpoena from any party regarding this Agreement and the work performed there under. City retains the right, but has no obligation, to represent Contractor or be present at any deposition, hearing or similar proceeding. Contractor agrees to cooperate fully with City and to provide City with the opportunity to review any response to discovery requests provided by Contractor. However, this right to review any such response does not imply or mean the right by City to control, direct, or rewrite said response.
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ARTICLE 7. ENFORCEMENT OF AGREEMENT AND TERMINATION
7.1 California Law.
This Agreement shall be interpreted, construed and governed both as to validity and to performance of the parties in accordance with the laws of the State of California. Legal actions concerning any dispute, claim or matt er arising out of or in relation to this Agreement shall be instituted in the Superior Court of the County of Los Angeles, State of California, or any other appropriate court in such county, and Contractor covenants and agrees to submit to the personal jurisdiction of such court in the event of such action. In the event of litigation in a U.S. District Court, venue shall lie exclusively in the Central District of California, in the County of Los Angeles, State of California.
7.2 Disputes.
(a) Default; Cure. In the event that Contractor is in default under the terms of this Agreement, the City shall not have any obligation or duty to continue compensating Contractor for any work performed after the date of default. Instead, the City may give notice to Contractor of the default and the reasons for the default. The notice shall include the timeframe in which Contractor may cure the default. This timeframe is presumptively thirty (30) days, but may be extended, though not reduced, if circumstances warrant. During the period of time that Contractor is in default, the City shall hold all invoices and shall proceed with payment on the invoices only when the default is cured. In the alternative, the City may, in its sole discretion, elect to pay some or all of the outstanding invoices during the period of default. If Contractor does not cure the default, the City may take necessary steps to terminate this Agreement under this Article.
Any failure on the part of the City to give notice of the Contractor’s default shall not be deemed to result in a waiver of the City’s legal rights or any rights arising out of any provision of this Agreement.
(b) Dispute Resolution . This contract is subject to the provision s of Article 1.5 (commencing at Section 20104) of Division 2, Part 3 of the California Public Contract Code regarding the resolution of public works claims of less than $375,000. Article 1.5 mandates certain procedures for the filing of claims and supporting documentation by the Contractor, for the response to such claims by the City, for a mandatory meet and confer conference upon the request of the Contractor, for mandatory non-binding mediation in the event litigation is commenced, and for mandatory judicial arbitration upon the failure to resolve the dispute through mediation . This Agreement hereby incorporates the provisions of Article 1.5 as though fully set forth herein.
7.3 Retention of Funds.
Contractor hereby authorizes City to deduct from any amount payable to Contractor (whether or not arising out of this Agreement) (i) an y amounts the payment of which may be in dispute hereunder or which are necessary to compensate City for any losses, costs, liabilities, or damages suffered by City, and (ii) all amounts for which City may be liable to third parties, by reason of Contracto r’s acts or omissions in performing or failing to perform Contractor’s obligation under this Agreement. In the event that any claim is made by a third party, the amount or validity of which is disputed by Contractor, or any indebtedness shall exist which s hall appear
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to be the basis for a claim of lien, City may withhold from any payment due, without liability for interest because of such withholding, an amount sufficient to cover such claim. The failure of City to exercise such right to deduct or to withho ld shall not, however, affect the obligations of the Contractor to insure, indemnify, and protect City as elsewhere provided herein.
7.4 Waiver.
Waiver by any party to this Agreement of any term, condition, or covenant of this Agreement shall not constitute a waiver of any other term, condition, or covenant. Waiver by any party of any breach of the provisions of this Agreement shall not constitute a waiver of any other provision or a waiver of any subsequent breach or violation of any provision of this Agreemen t.
Acceptance by City of any work or services by Contractor shall not constitute a waiver of any of the provisions of this Agreement. No delay or omission in the exercise of any right or remedy by a non-defaulting party on any default shall impair such right or remedy or be construed as a waiver.
Any waiver by either party of any default must be in writing and shall not be a waiver of any other default concerning the same or any other provision of this Agreement.
7.5 Rights and Remedies are Cumulative.
Except with respect to rights and remedies expressly declared to be exclusive in this Agreement, the rights and remedies of the parties are cumulative and the exercise by either party of one or more of such rights or remedies shall not preclude the exercise by it, at the same or different times, of any other rights or remedies for the same default or any other default by the other party.
7.6 Legal Action.
In addition to any other rights or remedies, either party may take legal action, in law or in equity, to cure, cor rect or remedy any default, to recover damages for any default, to compel specific performance of this Agreement, to obtain declaratory or injunctive relief, or to obtain any other remedy consistent with the purposes of this Agreement. Notwithstanding any contrary provision herein, Contractor shall file a claim pursuant to Government Code Sections 905 et seq. and 910 et seq., in order to pursue a legal action under this Agreement.
7.7 Liquidated Damages.
Since the determination of actual damages for any delay in performance of this Agreement would be extremely difficult or impractical to determine in the event of a breach of this Agreement, the Contractor and its sureties shall be liable for and shall pay to the City the sum of $1,200 (One Thousand Two Hundred Dollars) as liquidated damages for each working day of delay in the performance of any service required hereunder, as specified in the Schedule of Performance ( Exhibit “D” ). The City may withhold from any monies payable on account of services performed by the Contractor any accrued liquidated damages. Pursuant to Government Code Section 4215, Contractor shall not be assessed liquidated damages for delay in completion of the project when such delay was caused by the failure of the public agency or owner of the utility to provide for removal or relocation of utility facilities.
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01135.0006/841036.1
7.8 Termination Prior to Expiration of Term.
This Section shall govern any termination of this Contract except as specifically provided in the following Section for termination for cause. The City reserves the right to terminate this Contract at any time, with or without cause, upon thirty (30) days’ written notice to Contractor, except that where termination is due to the fault of the Contractor, the period of notice may be such shorter time as may be determined by the Contract Officer. In addition, the Contractor reserves the right to terminate this Contract at any time, with or without cause, upon sixty (60) days’ written notice to City, except that where termination is due to the fault of the City, the period of notice may be such shorter time as the Contractor may determine. Upon receipt of any notice of termination, Contractor shall immediately cease all services hereunder except such as may be specifically approv ed by the Contract Officer. Except where the Contractor has initiated termination, the Contractor shall be entitled to compensation for all services rendered prior to the effective date of the notice of termination and for any services authorized by the Contract Officer thereafter in accordance with the Schedule of Compensation or such as may be approved by the Contract Officer, except as provided in Section 7.3 . In the event the Contractor has initiated termination, the Contractor shall be entitled to comp ensation only for the reasonable value of the work product actually produced hereunder. In the event of termination without cause pursuant to this Section, the terminating party need not provide the non-terminating party with the opportunity to cure pursuant to Section 7.2.
7.9 Termination for Default of Contractor.
If termination is due to the failure of the Contractor to fulfill its obligations under this Agreement, City may, after compliance with the provisions of Section 7.2, take over the work and prosecute the same to completion by contract or otherwise, and the Contractor shall be liable to the extent that the total cost for completion of the services required hereunder exceeds the compensation herein stipulated (provided that the City shall use reasonable efforts to mitigate such damages), and City may withhold any payments to the Contractor for the purpose of set -off or partial payment of the amounts owed the City as previously stated.
7.10 Attorneys’ Fees.
If either party to this Agreement is required to initiate or defend or made a party to any action or proceeding in any way connected with this Agreement, the prevailing party in such action or proceeding, in addition to any other relief which may be granted, whether legal or equitable, shall be entitled to reasonable attorney’s fees. Attorney’s fees shall include attorney’s fees on any appeal, and in addition a party entitled to attorney’s fees shall be entitled to all other reasonable costs for investigating such action, taking depositions and discovery and all other necessary costs the court allows which are incurred in such litigation. All such fees shall be deemed to have accrued on commencement of such action and shall be enforceable whether or not such action is prosecuted to judgment.
7.11 Unfair Business Practices Claims.
In entering into this Agreement, Contractor offers and agrees to assign to the City all rights, title, and interest in and to all causes of action it may have under Section 4 of the Clayton
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01135.0006/841036.1
Act (15 U.S.C. § 15) or under the Cartwright Act (Chapter 2, (commencing with Section 16700) of Part 2 of Division 7 of the Business and Professions Code), arising from purchases of goods, services or materials related to this Agreement. This assignment shall be made and become effective at the time the City renders final payment to the Contractor without further acknowledgment of the Parties.
ARTICLE 8. CITY OFFICERS AND EMPLOYEES: NON-DISCRIMINATION
8.1 Non-liability of City Officers and Employees.
No officer or employee of the City shall be personally liable to the C ontractor, or any successor in interest, in the event of any default or breach by the City or for any amount which may become due to the Contractor or to its successor, or for breach of any obligation of the terms of this Agreement.
8.2 Conflict of Interest.
Contractor covenants that neither it, nor any officer or principal of its firm, has or shall acquire any interest, directly or indirectly, which would conflict in any manner with the interests of City or which would in any way hinder Contractor’s performanc e of services under this Agreement. Contractor further covenants that in the performance of this Agreement, no person having any such interest shall be employed by it as an officer, employee, agent or subcontractor without the express written consent of the Contract Officer. Contractor agrees to at all times avoid conflicts of interest or the appearance of any conflicts of interest with the interests of City in the performance of this Agreement.
No officer or employee of the City shall have any financial i nterest, direct or indirect, in this Agreement nor shall any such officer or employee participate in any decision relating to the Agreement which effects his financial interest or the financial interest of any corporation, partnership or association in which he is, directly or indirectly, interested, in violation of any State statute or regulation. The Contractor warrants that it has not paid or given and will not pay or give any third party any money or other consideration for obtaining this Agreement.
8.3 Covenant Against Discrimination.
Contractor covenants that, by and for itself, its heirs, executors, assigns, and all persons claiming under or through them, there shall be no discrimination against or segregation of, any person or group of persons on account of race, color, creed, religion, sex, gender, sexual orientation, marital status, national origin, ancestry, or other protected class in the performance of this Agreement. Contractor shall take affirmative action to insure that applicants are employed and that employees are treated during employment without regard to their race, color, creed, religion, sex, gender, sexual orientation, marital status, national origin, ancestry, or other protected class.
8.4 Unauthorized Aliens.
Contractor hereby promises and agrees to comply with all of the provisions of the Federal Immigration and Nationality Act, 8 U.S.C. § 1101 et seq., as amended, and in connection therewith, shall not employ unauthorized aliens as defined therein. Should Contractor so employ
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01135.0006/841036.1
such unauthorized aliens for the performance of work and/or services covered by this Agreement, and should any liability or sanctions be imposed against City for such use of unauthorized aliens, Contractor hereby agrees to and shall reimburse City for the cost of all such liabilities or sanctions imposed, together with any and all costs, including attorneys' fees, incurred by City.
ARTICLE 9. MISCELLANEOUS PROVISIONS
9.1 Notices.
Any notice, demand, request, document, consent, approval, or communication either party desires or is required to give to the other party or any other person shall be in writing and either served personally or sent by prepaid, first-class mail, in the case of the City, to the City Manager and to the attention of the Contract Officer (wit h her/his name and City title), City of Bell, 6330 Pine Avenue, Bell, California 90201, and in the case of the Contractor, to the person at the address designated on the execution page of this Agreement. Either party may change its address by notifying the other party of the change of address in writing. Notice shall be deemed communicated at the time personally delivered or in seventy -two (72) hours from the time of mailing if mailed as provided in this Section. All correspondence relating to this Agreement shall be serialized consecutively.
9.2 Interpretation.
The terms of this Agreement shall be construed in accordance with the meaning of the language used and shall not be construed for or against either party by reason of the authorship of this Agreement or any other rule of construction which might otherwise apply.
9.3 Counterparts.
This Agreement may be executed in counterparts, each of which shall be deemed to be an original, and such counterparts shall constitute one and the same instrument.
9.4 Integration; Amendment.
This Agreement including the attachments hereto is the entire, complete and exclusive expression of the understanding of the parties. It is understood that there are no oral agreements between the parties hereto affecting this Agreement and this Agreement supe rsedes and cancels any and all previous negotiations, arrangements, agreements and understandings, if any, between the parties, and none shall be used to interpret this Agreement. No amendment to or modification of this Agreement shall be valid unless made in writing and approved by the Contractor and by the City Council. The parties agree that this requirement for written modifications cannot be waived and that any attempted waiver shall be void.
9.5 Severability.
In the event that any one or more of the phrases, sentences, clauses, paragraphs, or sections contained in this Agreement shall be declared invalid or unenforceable by a valid judgment or decree of a court of competent jurisdiction, such invalidity or unenforceability shall not affect any of the remaining phrases, sentences, clauses, paragraphs, or sections of this
-24-
01135.0006/841036.1
Agreement which are hereby declared as severable and shall be interpreted to carry out the intent of the parties hereunder unless the invalid provision is so material that its invalidity deprives either party of the basic benefit of their bargain or renders this Agreement meaningless.
9.6 Warranty & Representation of Non-Collusion.
No official, officer, or employee of City has any financial interest, direct or indirect, in this Agreement, nor shall any official, officer, or employee of City participate in any decision relating to this Agreement which may affect his/her financial interest or the financial interest of any corporation, partnership, or association in which (s)he is directly or indirectly interested, or in violation of any corporation, partnership, or association in which (s)he is directly or indirectly interested, or in violation of any State or municipal statute or regulation. The determination of “financial interest” shall be co nsistent with State law and shall not include interests found to be “remote” or “noninterests” pursuant to Government Code Sections 1091 or 1091.5. Contractor warrants and represents that it has not paid or given, and will not pay or give, to any third par ty including, but not limited to, any City official, officer, or employee, any money, consideration, or other thing of value as a result or consequence of obtaining or being awarded any agreement.
Contractor further warrants and represents that (s)he/it has not engaged in any act(s), omission(s), or other conduct or collusion that would result in the payment of any money, consideration, or other thing of value to any third party including, but not limited to, any City official, officer, or employee, as a result of consequence of obtaining or being awarded any agreement. Contractor is aware of and understands that any such act(s), omission(s) or other conduct resulting in such payment of money, consideration, or other thing of value will render this Agreement void and of no force or effect.
Contractor’s Authorized Initials _______
9.7 Corporate Authority.
The persons executing this Agreement on behalf of the parties hereto warrant that (i) such party is duly organized and existing, (ii) they are duly authorized to execute and deliver this Agreement on behalf of said party, (iii) by so executing this Agreement, such party is formally bound to the provisions of this Agreement, and (iv) the entering into this Agreement does not violate any provision of any other Agreement to which said party is bound. This Agreement shall be binding upon the heirs, executors, administrators, successors and assigns of the parties. [SIGNATURES ON FOLLOWING PAGE]
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01135.0006/841036.1
IN WITNESS WHEREOF , the parties hereto have executed this Agreement on the date and year first-above written.
CITY:
CITY OF BELL, a charter city
____________________________________
Monica Arroyo, Mayor
ATTEST:
Angela Bustamante, City Clerk
APPROVED AS TO FORM:
ALESHIRE & WYNDER, LLP
David J. Aleshire, City Attorney
CONTRACTOR:
J B BOSTICK COMPANY, INC., a
California corporation
By: _______________________________
Name: Joel Batule
Title: President, CEO
By: _________________________________
Name: Anthony Imfeld
Title: Chief Financial Officer
Address: 2870 East La Cresta Avenue
Anaheim, CA 92806
Two corporate officer signatures required when Contractor is a corporation, with one signature required from each of the following groups: 1) Chairman of the Board, President or any Vice President; and 2) Secretary, any Assistant Secretary, Chief Financial Officer or any Assistant Treasurer. CONTRACTOR’S SIGNATURES
SHALL BE DULY NOTARIZED, AND APPROPRIATE ATTESTATIONS SHALL BE INCLUDED AS
MAY BE REQUIRED BY THE BYLAWS, ARTICLES OF IN CORPORATION, OR OTHER RULES OR REGULATIONS APPLICABLE TO CONTRACTOR’S BUSINESS ENTITY.
01135.0006/841036.1
CALIFORNIA ALL-PURPOSE ACKNOWLEDGMENT
STATE OF CALIFORNIA
COUNTY OF LOS ANGELES
On __________, 2022 before me, ________________, personally appeared ________________, proved to me on the basis of satisfactory evidence to be the person(s) whose names(s) is/are subscribed to the within instrument and acknowledged to me that he/she/they executed the same in his/her/their authorized capacity(ies), and that by his/her/their signature(s) on the instrument the person(s), or the entity upon behalf of which the person(s) acted, executed the instrument.
I certify under PENALTY OF PERJURY under the laws of the State of California that the foregoing paragraph is true and correct.
WITNESS my hand and official seal.
Signature: _____________________________________
OPTIONAL
Though the data below is not required by law, it may prove valuable to persons relying on the document and could prevent fraudulent reattachment of this form
CAPACITY CLAIMED BY SIGNER DESCRIPTION OF ATTACHED DOCUMENT
INDIVIDUAL
CORPORATE OFFICER
_______________________________
TITLE(S)
PARTNER(S) LIMITED
GENERAL
ATTORNEY-IN-FACT
TRUSTEE(S)
GUARDIAN/CONSERVATOR
OTHER_______________________________
______________________________________
SIGNER IS REPRESENTING:
(NAME OF PERSON(S) OR ENTITY(IES))
_____________________________________________
_____________________________________________
___________________________________
TITLE OR TYPE OF DOCUMENT
___________________________________
NUMBER OF PAGES
___________________________________
DATE OF DOCUMENT
___________________________________
SIGNER(S) OTHER THAN NAMED ABOVE
A notary public or other officer completing this certificate verifies only the identity of the individual who signed the document to which this certificate is attached, and not the truthfulness, accuracy or validity of that document.
01135.0006/841036.1
CALIFORNIA ALL-PURPOSE ACKNOWLEDGMENT
STATE OF CALIFORNIA
COUNTY OF LOS ANGELES
On __________, 2022 before me, ________________, personally appeared ________________, proved to me on the basis of satisfactory evidence to be the person(s) whose names(s) is/are subscribed to the within instrument and acknowledged to me that he/she/they executed the same i n his/her/their authorized capacity(ies), and that by his/her/their signature(s) on the instrument the person(s), or the entity upon behalf of which the person(s) acted, executed the instrument.
I certify under PENALTY OF PERJURY under the laws of the State of California that the foregoing paragraph is true and correct.
WITNESS my hand and official seal.
Signature: _____________________________________
OPTIONAL
Though the data below is not required by law, it may prove valuable to persons relying on the document and could prevent fraudulent reattachment of this form
CAPACITY CLAIMED BY SIGNER DESCRIPTION OF ATTACHED DOCUMENT
INDIVIDUAL
CORPORATE OFFICER
_______________________________
TITLE(S)
PARTNER(S) LIMITED
GENERAL
ATTORNEY-IN-FACT
TRUSTEE(S)
GUARDIAN/CONSERVATOR
OTHER_______________________________
______________________________________
SIGNER IS REPRESENTING:
(NAME OF PERSON(S) OR ENTITY(IES))
_____________________________________________
_____________________________________________
___________________________________
TITLE OR TYPE OF DOCUMENT
___________________________________
NUMBER OF PAGES
___________________________________
DATE OF DOCUMENT
___________________________________
SIGNER(S) OTHER THAN NAMED ABOVE
A notary public or other officer completing this certificate verifies only the identity of the individual who signed the document to which this certificate is attached, and not the truthfulness, accuracy or validity of that document.
01135.0006/841036.1 A-1
EXHIBIT “A”
SCOPE OF WORK
I. Contractor shall perform all of the work and comply with all of the specifications and requirements in the “General Provisions” and “Special Provisions” included in the bid documents for the project entitled SPEED HUMP IMPROVEMENTS ON VARIOUS STREETS FY 20 22-2023, including any documents or exhibits referenced therein (“Project”).
II. Brief description of the work to be performed:
The project consists of removing existing rubber and Asphalt Concrete (AC) speed humps, construction of new AC speed humps, installation of signing & striping, and other incidental and appurtenant work necessary for the proper completion of the Project.
The proposal attached at Exhibit “E” provides a more detailed and thorough analysis of the scope of work.
III. In addition to the requirements of Section 6.2, during performance of the work, Contractor will keep the City apprised of the status of performance by delivering the following status reports:
A. Daily Reports in writing, containing work completed and progress reports on ongoing tasks for the subject day..
B. Certified Payroll.
IV. All work is s ubject to review and acceptance by the City, and must be revised by the Contractor without additional charge to the City until found satisfactory and accepted by City.
V. Contractor shall provide safe and continuous passage for pedestrian and vehicular traffic in accordance with the Work Area Traffic Control Handbook (WATCH), latest edition.
01135.0006/841036.1 B-1
EXHIBIT “B”
SPECIAL REQUIREMENTS
(Superseding Contract Boilerplate)
None.
01135.0006/841036.1 C-1
EXHIBIT “C”
SCHEDULE OF COMPENSATION
I. Contractor shall perform all work at the rates on the Bid Sheet submitted as part of Contractor’s Proposal, and listed below:
Item
No. Description Unit Estimated
Quantity
Unit
Prices
Extended
Amount
1 Remove Existing Rubber Speed Hump EA 7 $500.00 $3,500.00 2 Remove Existing AC Speed Hump EA 3 $2,750.00 $8,250.00 3 Construct 12’ Wide AC Speed Hump
Including Signing and Striping per Speed
Hump Detail in Appendix A and Proposed
Locations in Appendix C EA 61 $5,363.93
$327,199.
73 4
Relocate Existing Speed Hump Signs and
Post EA 4 $239.80 $959.20
5 Remove Existing Speed Hump Signs and
Post EA 2 $45.53 $91.06
TOTAL $339,999.99
II. A retention of five percent (5%) shall be held from each payment as a contract retention to be paid as part of the final payment upon satisfactory completion of services.
III. Within the budgeted amounts for each item on the Bid Sheet, and with the approval of the Contract Officer, funds may be shifted from one item’s subbudget to another so long as the Contract Sum is not exceeded per Section 2.1, unless Additional Wo rk is approved per Section 1.10.
IV. The City will compensate Contractor for the Services performed upon submission of a valid invoice. Each invoice is to include:
A. Line items for all personnel describing the work performed, the number of hours worked, and the hourly rate.
B. Line items for all materials and equipment properly charged to the Services.
C. Line items for all other approved reimbursable expenses claimed, with supporting documentation.
01135.0006/841036.1 C-2
D. Line items for all approved subcontractor labor, supplies, equipme nt, materials, and travel properly charged to the Services.
V. The total compensation for the Services shall not exceed the amount provided in Section
2.1 of this Agreement.
01135.0006/841036.1 D-1
EXHIBIT “D”
SCHEDULE OF PERFORMANCE
I. Contractor shall perform all work timely in accordance with the following schedule:
The Contractor shall complete all work , in every detail , within thirty (30) working days from the commencement date given in the Notice to Proceed issued by the City.
The Contractor shall execute the Agreement, and return to the City for execution by the City, accompanied by the bonds and evidence of insurance required by the Agreement, before the Notice to Proceed is issued by the City.
II. Contractor shall deliver the following tangible work products to the City by the following dates.
A. Daily Reports will be delivered to the City weekly. Daily Reports must be delivered and accepted prior to any progress payment up until the date that work is being invoiced for.
B. Certified payroll will be delivered to the City biweekly. Certified payroll must be delivered and accepted prior to any progress payment up until the date that work is being invoiced for.
III. The Contract Officer may approve extensions for performance of the services in accordance with Section 3.2.
01135.0006/841036.1 D-1
EXHIBIT “E”
BID PROPOSAL
01135.0006/841036.1 D-2
01135.0006/841036.1 D-3
01135.0006/841036.1 D-4
PERFORMANCE BOND
WHEREAS, the CITY OF BELL, (“City”), has awarded to
__________________________________, as Contractor (“Principal”), a Contract for the work entitled and described as
follows:__________________________________________________;
WHEREAS, the Contractor is required under the terms of said Contract to furnish a bond for the faithful performance of the Contract;
NOW, THEREFORE, we the undersigned Contractor and Surety, are held and firmly bound unto the City in the sum of ________________________________________ ($______________), this amount being not less than one hundred percent (100%) of the total Contract price, lawful money of the United States of America, for payment of which sum well and truly be made we bind ourselves, our heirs, executors, administrators, and successors, jointly and severally, firmly by these presents. In case suit is brought upon this bond, the Surety will pay a reasonable attorney’s fee to the City in an amount to be fixed by the court.
THE CONDITION OF THIS OBLIGATION IS SUCH THAT, if the hereby bound Contractor, or its heirs, executors, administrators, successors, or assigns, shall in all things stand and abide by, well and truly ke ep and perform all undertakings, terms, covenants, conditions, and agreements in the said Contract and any alteration thereof, made as therein provided, all within the time and in the manner designated and in all respects according to their true intent and meaning, then this obligation shall become null and void; otherwise it shall be and remain in full force and effect.
FURTHER, the said Surety, for value received, hereby stipulates and agrees that no change, extension of time, alteration, or modification of the Contract Documents or of the work to be performed thereunder shall in any way affect its obligations on this bond, and it does hereby waive notice of such change, extension of time, alteration, or modification of the Contract Documents or of the work to be performed thereunder.
Executed on 20___.
PRINCIPAL
(Seal if Corporation) By
Title
(Attach Acknowledgment of Authorized Representative of Principal)
01135.0006/841036.1 D-5
Any claims under this bond may be addressed to:
(name and address of Surety)
(name and address of Surety's agent for service
of
process in California, if different from above)
(telephone number of Surety's agent in
California)
(Attach Acknowledgment)
SURETY
By
(Attorney-in-Fact)
APPROVED:
(Attorney for CITY)
NOTICE:
No substitution or revision to this bond form will be accepted. Sureties must be authorized to do business in and have an agent for service of process in California. Certified copy of Power of Attorney must be attached.
PAYMENT BOND
(Labor and Material Bond)
WHEREAS, the CITY OF BELL, (“City”), has awarded to
__________________________________, as Contractor (“Principal”), a Contract for the work entitled and described as
follows:__________________________________________________; WHEREAS, said Contractor is required to furnish a bond in conjunction with said Contract, to secure the payment of claims of laborers, mechanics, material men, and other persons as provided by law;
NOW, THEREFORE, we the undersigned Contractor and Surety, are held and firmly bound unto the City in the sum of ________________________________________ ($______________), this amount being not less than one hundred percent (100%) of the total Contract price, lawful money of the United States of America, for payment of which sum well and truly be made we bind ourselves, our heirs, executors, administrators, and successors, jointly and severally, firmly by these presents. In case suit is brought upon this bond, the Surety will pay a reasonable attorney’s fee to the City in an amount to be fixed by the court.
THE CONDITION OF THIS OBLIGATION IS SUCH THAT, if said Contractor, its heirs, executors, administrators, successors, assigns, or subcontractor fails to pay: (1) for any work, materials, services, provisions, provender, or other supplies, or for the use of implements of machinery, used in, upon, for, or about the performance of the work to be done, or for any work or labor thereon of any kind; (2) for work per formed by any of the persons named in Civil Code Section 9100; (3) for any amounts due under the Unemployment Insurance Code with respect to work or labor performed under the contract; and/or (4) for any amounts required to be deducted, withheld, and paid over to the Employment Development Department from the wages of employees of the Contractor and/or its subcontractors pursuant to Section 13020 of the Unemployment Insurance Code with respect to such work and labor, then the Surety herein will pay for the same in an amount not exceeding the sum specified in this bond, otherwise the above obligation shall be void.
This bond shall inure to the benefit of any of the persons named in Civil Code Section 9100 so as to give a right of action to such persons or t heir assigns in any suit brought upon the bond. Moreover, if the City or any entity or person entitled to file stop payment notices is required to engage the services of an attorney in connection with the enforcement of this bond, each shall be liable for the reasonable attorney's fees incurred, with or without suit, in addition to the above sum.
Said Surety, for value received, hereby stipulates and agrees that no change, extension of time, alteration, or modification of the Contract Documents or of the work to be performed thereunder shall in any way affect its obligations on this bond, and it does hereby waive notice of such change, extension of time, alteration, or modification of the Contract Documents or of the work to be performed thereunder.
Executed on , 20____.
PRINCIPAL
(Seal if Corporation) By
Title
(Attach Acknowledgment of Authorized Representative of Principal)
Any claims under this bond may be addressed to:
(name and address of Surety)
(name and address of Surety's agent for service
of process in California, if different from above)
(telephone number of Surety's agent in
California)
(Attach Acknowledgment)
SURETY
By
(Attorney-in-Fact)
APPROVED:
(Attorney for CITY)
NOTICE:
No substitution or revision to this bond form will be accepted. Sureties must be authorized to do business in and have an agent for service of process in California. Certified copy of Power of Attorney must be attached.
WORKERS COMPENSATION INSURANCE CERTIFICATE
Description of Contract: City of Bell
Project: _____________________________________________
Type of Insurance: Workers' Compensation and
Employers' Liability Insurance
THIS IS TO CERTIFY that the following policy has been issued by the below-stated company in conformance with the requirements of Article 5 of the Contract and is in force at this time, and is in a form approved by the Insurance Commissioner.
The Company will give at least 30 days' written notice to the City and Engineer/Architect prior to any cancellation of said policy.
POLICY NUMBER EXPIRATION DATE LIMITS OF LIABILITY
Workers' Compensation:
Statutory Limits Under the Laws
of the State of California
Employers' Liability:
$_________________ Each Accident
$_________________ Disease - Policy Limit
$_________________ Disease - Each Employee
Named Insured (Contractor) Insurance Company
Street Number Street Number
City and State City and State
By
(Company Representative)
(SEE NOTICE ON NEXT PAGE)
Insurance Company Agent for Service
of Process in California:
Name
Agency
Street Number
City and State
Telephone Number
This certificate is issued as a matter of information only and confers no rights upon the certificate holder. This certificate does not amend, extend, or alter the coverage afforded by the policy listed herein.
This is to certify that the policy has been issued to the named insured for the policy period indicated, notwithstanding any requirement, term, or condition of any contract or other document with respect to which this certificate may be issued or may pertain, the insurance afforded by the policy described herein is subject to all the terms, exclusions, and conditions of such policy.
NOTICE:
No substitution or revision to the above certificate form will be accepted. If the insurance called for is provided by more than one insurance company, a separate certificate in the exact above form shall be provided for each insurance company.
ADDITIONAL INSURED ENDORSEMENT
COMPREHENSIVE GENERAL LIABILITY
Name and address of named insured (“Named Insured”)
Name and address of Insurance Company (“Company”)
General description of agreement(s), permit(s), license(s), and/or activity(ies) insured
Notwithstanding any inconsistent statement in the policy to which this endorsement is attached (the “Policy”) or in any endorsement now or hereafter attached thereto, it is agreed as follows:
1. The
(“Public Agency”), its elected officials, officers, attorneys, agents, employees, and volunteers are additional insureds (the above named additional insureds are hereafter referred to as the “Additional Insureds”) under the Policy in relation to those activities described generally above with regard to operations performed by or on behalf of the Named Insured. The Additional Insureds have no liability for the payment of any premiums or assessments under the Policy.
2. The insurance coverages afforded the Additional Insureds under the Policy shall be primary insurance, and no other insurance maintained by the Additional Insureds shall be called upon to contribute with the insurance coverages provided by the Policy.
3. Each insurance coverage under the Policy shall apply separately to each Additional Insured against whom claim is made or suit is brought except with respect to the limits of the Company's liability.
4. Nothing in this contract of insurance shall be construed to preclude coverage of a claim by one insured under the policy against another insured under the policy. All such claims shall be covered as third-party claims, i.e., in the same manner as if separate policies had been issued to each insured. Nothing contained in this provision shall operate to increase or replicate the Company's limits of liability as provided under the policy.
5. The insurance afforded by the Policy for contractual liability insurance (subject to the terms, conditions and exclusions applicable to such insurance) includes liability assumed by the Named Insured under the indemnification and/or hold harmless provision(s) contained in or executed in conjunction with the written agreement(s) or permit(s) designated above, between the Named Insured and the Additional Insureds.
6. The policy to which this endorsement is attached shall not be subject to cancellation, change in coverage, reduction of limits (except as the result of the payment of claims), or non -renewal except after written notice to Public Agency, by certified mail, return receipt requested, not less than thirty (30) days prior to the effective date thereof. In the event of Company's failure to comply with this notice provision, the policy as initially drafted will continue in full force and effect until complianc e with this notice requirement.
7. Company hereby waives all rights of subrogation and contribution against the Additional Insureds, while acting within the scope of their duties, from all claims, losses and liabilities arising out of or incident to the perils insured against in relation to those activities described generally above with regard
to operations performed by or on behalf of the Named Insured regardless of any prior, concurrent, or subsequent active or passive negligence by the Additional Insureds.
8. It is hereby agreed that the laws of the State of California shall apply to and govern the validity, construction, interpretation, and enforcement of this contract of insurance.
9. This endorsement and all notices given hereunder shall be sent to Public Agency at:
City Manager, City of Bell, 6330 Pine Avenue, Bell, California 90201.
10. Except as stated above and not in conflict with this endorsement, nothing contained herein shall be held to waive, alter or extend any of the limits, agreements, or exclusions of the policy to which this endorsement is attached.
TYPE OF COVERAGES TO WHICH POLICY PERIOD LIMITS OF
THIS ENDORSEMENT ATTACHES FROM/TO LIABILITY
11. Scheduled items or locations are to be identified on an attached sheet. The following inclusions relate to the above coverages. Includes:
□ Contractual Liability □ Explosion Hazard
□ Owners/Landlords/Tenants □ Collapse Hazard
□ Manufacturers/Contractors □ Underground Property Damage □ Products/Completed Operations □ Pollution Liability
□ Broad Form Property Damage □ Liquor Liability
□ Extended Bodily Injury □
□ Broad Form Comprehensive □
General Liability Endorsement □
12. A □ deductible or □ self-insured retention (check one) of $ applies to all coverage(s) except:
(if none, so state). The deductible is applicable □ per claim or □ per occurrence (check one).
13. This is an □ occurrence or □ claims made policy (check one).
14. This endorsement is effective on at 12:01 a.m. and forms a part of Policy Number .
(signatures on following page)
I, (print name) , hereby
declare under penalty of perjury under the laws of the State of California, that I have the authority to bind the Company to this endorsement and that by my execution hereof, I do so bind the Company.
Executed , 20
Signature of Authorized Representative
(Original signature only; no facsimile signature
Telephone No.: ( ) or initialed signature accepted)
ADDITIONAL INSURED ENDORSEMENT
AUTOMOBILE LIABILITY
Name and address of named insured (“Named Insured”)
Name and address of Insurance Company (“Company”)
General description of agreement(s), permit(s), license(s), and/or activity(ies) insured
Notwithstanding any inconsistent statement in the policy to which this endorsement is attached (the “Policy”) or in any endorsement now or hereafter attached thereto, it is agreed as follows:
1. The
(“Public Agency”), its elected officials, officers, attorneys, agents, employees, and volunteers are additional insureds (the above named additional insureds are hereafter referred to as the “Additional Insureds”) under the Policy in relation to those activities described generally above with regard to operations performed by or on behalf of the Named Insured. The Additional Insureds have no liability for the payment of any premiums or assessments under the Policy.
2. The insurance coverages afforded the Additional Insureds under the Policy shall be primary insurance, and no other insurance maintained by the Additional Insureds shall be called upon to contribute with the insurance coverages provided by the Policy.
3. Each insurance coverage under the Policy shall apply separately to each Additional Insured against whom claim is made or suit is brought except with respect to the limits of the Company's liability.
4. Nothing in this contract of insurance shall be construed to preclude coverage of a claim by one insured under the policy against another insured under the policy. All such claims shall be covered as third-party claims, i.e., in the same manner as if separate policies had been issued to each insured. Nothing contained in this provision shall operate to increase or replicate the Company's limits of liability as provided under the policy.
5. The insurance afforded by the Policy for contractual liability insurance (subject to the terms, conditions and exclusions applicable to such insurance) includes liability assumed by the Named Insured under the indemnification and/or hold harmless provision(s) contained or executed in conjunction with the written agreement(s) or permit(s) designated above, between the Named Insured and the Additional Insureds.
6. The policy to which this endorsement is attached shall not be subject to cancellation, change in coverage, reduction of limits (except as the result of the payment of claims), or non-renewal except after written notice to Public Agency, by certified mail, return receipt requested, not less than thirty (30) days prior to the effective date thereto. In the event of Company's failure to comply with this notice provision, the policy as initially drafted will continue in full force and effect until compliance with this notice requirement.
7. Company hereby waives all rights of subrogation and contribution against the Additional Insureds, while acting within the scope of their duties, fr om all claims, losses and liabilities arising out of or incident to the perils insured against in relation to those activities described generally above with regard
to operations performed by or on behalf of the Named Insured regardless of any prior, concu rrent, or subsequent active or passive negligence by the Additional Insureds.
8. It is hereby agreed that the laws of the State of California shall apply to and govern the validity, construction, interpretation, and enforcement of this contract of insurance.
9. This endorsement and all notices given hereunder shall be sent to Public Agency at:
City Manager
City of Bell
6330 Pine Avenue
Bell, California 90201
10. Except as stated above and not in conflict with this endorsement, nothing contained herein shall be held to waive, alter or extend any of the limits, agreements, or exclusions of the policy to which this endorsement is attached.
TYPE OF COVERAGES TO WHICH POLICY PERIOD LIMITS OF
THIS ENDORSEMENT ATTACHES FROM/TO LIABILITY
11. Scheduled items or locations are to be identified on an attached sheet. The following inclusions relate to the above coverages. Includes:
□ Any Automobiles □ Truckers Coverage
□ All Owned Automobiles □ Motor Carrier Act
□ Non-owned Automobiles □ Bus Regulatory Reform Act
□ Hired Automobiles □ Public Livery Coverage
□ Scheduled Automobiles □
□ Garage Coverage □
12. A □ deductible or □ self-insured retention (check one) of $ applies to all coverage(s) except: (if none, so state). The deductible is applicable □ per claim or □ per occurrence (check one).
13. This is an □ occurrence or □ claims made policy (check one).
14. This endorsement is effective on at 12:01 a.m. and forms a part of Policy Number .
(signatures on following page)
I, (print name) , hereby
declare under penalty of perjury under the laws of the State of California, that I have the authority to bind the Company to this endorsement and that by my execution hereof, I do so bind the Company.
Executed , 20
Signature of Authorized Representative
(Original signature only; no facsimile signature
Telephone No.: ( ) or initialed signature accepted)
ADDITIONAL INSURED ENDORSEMENT
EXCESS LIABILITY
Name and address of named insured (“Named Insured”)
Name and address of Insurance Company (“Company”)
General description of agreement(s), permit(s), license(s), and/or activity(ies) insured
Notwithstanding any inconsistent statement in the policy to which this endorsement is attached (the “Policy”) or in any endorsement now or hereafter attached thereto, it is agreed as follows:
1. The
(“Public Agency”), its elected officials, officers, attorneys, agents, employees, and volunteers are additional insureds (the above named additional insureds are hereafter referred to as the “Additional Insureds”) under the Policy in relation to those activities described generally above with regard to operat ions performed by or on behalf of the Named Insured. The Additional Insureds have no liability for the payment of any premiums or assessments under the Policy.
2. The insurance coverages afforded the Additional Insureds under the Policy shall be primary insurance, and no other insurance maintained by the Additional Insureds shall be called upon to contribute with the insurance coverages provided by the Policy.
3. Each insurance coverage under the Policy shall apply separately to each Additional Insured against whom claim is made or suit is brought, except with respect to the limits of the Company's liability.
4. Nothing in this contract of insurance shall be construed to preclude coverage of a claim by one insured under the policy against another insured under the policy. All such claims shall be covered as third-party claims, i.e., in the same manner as if separate policies had been issued to each insured. Nothing contained in this provision shall operate to increase or replicate the Company's limits of liability as provided under the policy.
5. The insurance afforded by the Policy for contractual liability insurance (subject to the terms, conditions and exclusions applicable to such insurance) includes liability assumed by the Named Insured under the indemnification and/or hold harmless provision(s) contained in or executed in conjunction with the written agreement(s) or permit(s) designated above, between the Named Insured and the Additional Insureds.
6. The policy to which this endorsement is attached shall not be subject to cancellation, change in coverage, reduction of limits (except as the result of the payment of claims), or non -renewal except after written notice to Public Agency, by certified mail, return receipt requested, not less than thirty (30) days prior to the effective date thereto. In the event of Company's failure to comply with this notice provision, the policy as initially drafted will continue in full force and effect until compliance with this notice requirement.
7. Company hereby waives all rights of subrogation and contribution against the Additional Insureds, while acting within the scope of their duties, from all claims, losses and liabilities arising out of or incident to the perils insured against in relation to those activities described generally above with regard to operations performed by or on behalf of the Named Insured regardless of any prior, concurrent, or subsequent active or passive negligence by the Additional Insureds.
8. It is hereby agreed that the laws o f the State of California shall apply to and govern the validity, construction, interpretation, and enforcement of this contract of insurance.
9. This endorsement and all notices given hereunder shall be sent to Public Agency at:
City Manager
City of Bell
6330 Pine Avenue
Bell, California 90201
10. Except as stated above and not in conflict with this endorsement, nothing contained herein shall be held to waive, alter or extend any of the limits, agreements, or exclusions of the policy to which this endorsement is attached.
TYPE OF COVERAGES TO WHICH POLICY PERIOD LIMITS OF
THIS ENDORSEMENT ATTACHES FROM/TO LIABILITY
□ Following Form
□ Umbrella Liability
□
11. Applicable underlying coverages:
INSURANCE COMPANY POLICY NO. AMOUNT
12. The following inclusions, exclusions, extensions or specific provisions relate to the above coverages:
13. A □ deductible or □ self-insured retention (check one) of $ applies to all coverage(s) except:
(if none, so state). The deductible is applicable □ per claim or □ per occurrence (check one).
14. This is an □ occurrence or □ claims made policy (check one).
15. This endorsement is effective on at 12:01 a.m. and forms a part of Policy Number .
(signatures on following page)
I, (print name) , hereby
declare under penalty of perjury under the laws of the State of California, that I have the authority to bind the Company to this endorsement and that by my execution hereof, I do so bind the Company.
Executed , 20
Signature of Authorized Representative
(Original signature only; no facsimile signature
Telephone No.: ( ) or initialed signature accepted)
DATE: December 14, 2022
TO: Mayor and Members of the City Council
FROM: Manuel Acosta, Community Development Director
Bill Pagett, PE, City Engineer
Rey Alfonso, Deputy City Engineer
APPROVED BY: Michael L. Antwine II (e-signature)_
Michael L. Antwine II, City Manager
SUBJECT: Approve Resolution No. 2022-83 - Declaring the Intention to Vacate the Alley Located South of Gage Avenue Between Clarkson Avenue and Atlantic Avenue and Setting the Date of a Public Hearing on the Proposed Vacation
RECOMMENDATION:
It is recommended that the City Council read by title only, waive further reading and adopt Resolution No. 2022-83 titled:
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF BELL
DECLARING ITS INTENTION TO VACATE THE ALLEY
LOCATED SOUTH OF GAGE AVENUE BETWEEN CLARKSON
AVENUE AND ATLANTIC AVENUE AND SETTING THE DATE
OF A PUBLIC HEARING ON THE PROPOSED VACATION
BACKGROUND:
On May 13, 2020, the City Council approved a Second Restated Amendment to the Disposition and Development Agreement (DDA) with the Arroyo Seco Development Group for the development of the southwest corner of Gage Avenue and Atlantic Avenue, commonly known as the “Western Auto Site.” Arroyo Seco initially proposed to construct three (3) new commercial buildings that would provide space for five eate ries and two new retail shops known as the “Bell Marketplace” project.
Due to economic and market conditions the project has evolved into a new commercial/retail development that will be presented to the City Council within the next 90 days in conjunction with an amendment to the DDA.
The proposed project will incorporate the Guadalajara Inn Restaurant which would receive a major façade improvement or a new retail building which is currently under negotiations between the developer and the City. The proposed project will also include a new landscaped parking lot encompassing the entire site, and primary access to the parking lot will be via a main driveway located on Atlantic Avenue and a secondary driveway on Clarkson Avenue. The proposed driveways will align with the existing public alley that runs east-west through the site.
City of Bell
Agenda Report
AGENDA ITEM 4
In order to facilitate the development of the new development, City staff recommends the vacation of the 194’-long, 20’-wide public alley located 100 feet south of Gage Avenue between Clarkson Avenue and Atlantic Avenue. The alley currently provides access to the parking lots at 4460, 4466 (Guadalajara Inn Restaurant), 4468 (Yoli’s Flower Shop), and 4472 Gage Avenue located adjacent to the alley to the north (see Attachment “A”).
The vacation of the alley is necessary to combine the above lots with two existing lots immediately south of the alley at 6414 Clarkson Avenue and 6415 Atlantic Avenue, which would form a single lot to facilitate the development of the site. Most of the lots involved are currently owned by the City and/or Successor Agency, except for the lots occupied by Guadalajara Inn and Yoli’s Flowers; and the City Council has previously approved the DDA and related amendments with Arroyo Seco to allow the project to move forward.
The alley currently contains a City sewer line; water line and water services; gas line; underground electrical conduit, vault, and power pole; and telephone cables. While the existing underground utilities will remain in place, Arroyo Seco is working with Southern California Edison and AT&T to underground all the overhead utilities as part of the project.
DISCUSSION:
Streets and Highways Code Section 8300-8349 provides the means for the City to vacate the street right of way. Government Code Section 65402 requires the City’s Planning Commission to make a finding that the proposed alley vacation is consistent with the City’s General Plan.
On October 3, 2018, the Bell Planning Commission made the finding that the proposed alley vacation is consistent with the Mobility and Circulation Element of the General Plan per Government Code Section 65405.
The City may vacate an alley if the City determines the need for the public to travel on it, the City to operate and maintain it, or utilities to place their facilities within it no longer exists. The City may vacate the alley by retaining easement rights to construct or maintain facilities within the alley such as sewers, storm drains, utilities, etc., if such needs continue to exist.
The 20-foot-wide and approximately 194 feet long segment of the alley located south of Gage Avenue between Clarkson Avenue and Atlantic Avenue exists primarily as driveway access to the vacant parking areas and rear parking lots of the remaining businesses along Gage Avenue.
The Mobility and Circulation Element of the General Plan does not identify this segment of the alley as an essential roadway for circulation purposes, nor does it appear that the proposed vacation will result in a diversion or modification of existing traffic patterns.
The first part of the alley vacation proceedings requires that the City Council adopt a resolution declaring its intention to vacate this alley located south of Gage Avenue between Clarkson Avenue and Atlantic Avenue and set a date and time at which interested persons may support or object to the proposed vacation. The attached resolution sets this date as January 25, 2023, at 7:00 p.m. After a full analysis by staff, the Bell Police Department, LA County Fire Department, affected utilities, and Planning Commission, and at the conclusion of the scheduled public hearing on January 25, 2023, the City Council will decide whether to vacate this alley as requested or retain it as a public roadway.
Public Notice Process
This item has been noticed through the regular agenda notification process. Notice of the Public Hearing will be provided in accordance with Section 8322 of the Streets and Highways Code. This code requires publication of the Notice of Public Hearing at least two times and posting of the alley at least 15 days prior to the hearing. In addition, notices will be sent to the Bell Police Department, LA County Fire Department, and all affected utilities.
Potential Conflict of Interest Exemption
Pursuant to conflict-of-interest laws, if a governmental decision produces a foreseeable material financial effect on parcels of real property owned by the councilmembers, then there are certain factors that must be considered by those coun cilmembers located inside or outside a 500-foot radius from a project’s boundaries.
There are no councilmembers that own property within the 500-foot benefit radius of the proposed project.
FISCAL IMPACT:
There will be no impact to the General Fund due to the alley vacation.
ATTACHMENTS:
1. Attachment “A” – Aerial Map of Proposed Alley Vacation
2. Attachment “B” - Resolution 2022-83
3. Resolution Exhibit “A” – Legal Description Alley Vacation
4. Resolution Exhibit “B” – Sketch to Accompany Legal Description
POR. 26
ATLANTIC AVENUE
CLARKSON AVENUE
GAGE AVENUE
27 2928
32 TR. NO. 7787
M.B. 82/49
30 31
33 34
35 36
POR. 25
POR. 24
POR. 23
CL
CL
ALLEY
CL
ATTACHMENT "A"
PROPOSED ALLEY VACATION
ATTACHMENT B
RESOLUTION NO. 2022-83
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF BELL
DECLARING ITS INTENTION TO VACATE THE ALLEY LOCATED SOUTH OF
GAGE AVENUE BETWEEN CLARKSON AVENUE AND ATLANTIC AVENUE
AND SETTING THE DATE OF A PUBLIC HEARING ON THE PROPOSED
VACATION
WHEREAS, the City Council of the City of Bell wishes to vacate the Alley located south of Gage Avenue between Clarkson Avenue and Atlantic Avenue; and
WHEREAS, the City Council of the City of Bell is responsible for maintaining a transportation and traffic circulation system for the City of Bell; and
WHEREAS, the Alley located south of Gage Avenue between Clarkson Avenue and Atlantic Avenue as indicated on the attached Exhibit “B” is not an essential or integral part of said transportation network; and
WHEREAS, on October 3, 2018, the Planning Commission of the City of Bell found the proposed vacation of the Alley located south of Gage Avenue between Clarkson Avenue and Atlantic Avenue in conformance with the Mobility and Circulation Element of the City’s General Plan as required by Section 65402 of the California Government Code.
NOW, THEREFORE, THE CITY COUNCIL DOES HEREBY RESOLVE, DETERMINE AND ORDER AS FOLLOWS:
SECTION 1. The City Council does hereby elect to proceed in vacating the Alley located south of Gage Avenue between Clarkson Avenue and Atlantic Avenue pursuant to Section 8320 of the California Streets and Highways Code.
SECTION 2. The City Council does hereby declare its intention to vacate the Alley located south of Gage Avenue between Clarkson Avenue and Atlantic Avenue in the City of Bell, County of Los Angeles, State of California, as legally described on the attached Exhibit “A” and made a part hereof.
SECTION 3. A map of the proposed vacation is on file with the City Clerk of the City of Bell. Reference is hereby made to said map for particulars as to the proposed vacation.
SECTION 4. Notice is hereby given that the 25th day of January, 2023, at 7:00 p.m. in the Bell Community Center, 6250 Pine Avenue, Bell, California, the City Council will hear all persons interested in or objecting to the proposed vacation.
SECTION 5. The City Clerk shall conspicuously post Notices of the Alley Vacation, together with a copy of this Resolution attached thereto, along the line of the Alley to be vacated. Said notices shall state the fact of passage of this Resolution and shall state the time and place of hearing.
SECTION 6. The Mayor is hereby authorized to execute this Resolution of behalf of the City of Bell and the City Clerk is authorized to attest thereto.
ATTACHMENT B
SECTION 7. The City Clerk shall forthwith cause this Resolution to be published as required by the California Streets and Highways Code.
ADOPTED AND PASSED BY THE City Council of the City of Bell this 14th day of December, 2022 by the following vote:
AYES: COUNCILMEMBERS:
NOES: COUNCILMEMBERS:
ABSENT: COUNCILMEMBERS:
ABSTAIN: COUNCILMEMBERS:
___________________________________
Monica Arroyo, Mayor
ATTEST:
__________________________________
Angela Bustamante, City Clerk
City of Bell
Agenda Report
DATE: December 14, 2022
TO: Mayor and Members of the City Council
FROM: Angela Bustamante, City Clerk
Michael L. Antwine II, City Manager
APPROVED
BY: ______________________________
Michael L. Antwine II, City Manager
SUBJECT: Consideration of a Resolution to authorize the City Manager to Utilize remote/virtual platforms for public meetings.
RECOMMENDATION:
It is recommended that the City Council read by title only, waive further reading and adopt Resolution No. 2022-81 titled:
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF BELL
AUTHORIZING THE CITY MANAGER TO CONTINUE UTILIZING
TELECONFERENCING FOR PUBLIC MEETINGS PURSUANT
TO ASSEMBLY BILL 361 (STATS. 2021, CH. 165)
BACKGROUND:
Governor Newsom signed AB 361 into law on September 16, 2021, to become effective on October 1, 2021. AB 361 extends the provisions of the Governor’s Executive Order N-29-20 and Executive Order N-35-20 and is effective until February 28, 2023. AB 361 amends sections of the Brown Act to allow legislative bodies to continue to hold teleconference meetings during a state of emergency if the legislative body finds that as a result of the proclaimed state of emergency, meeting in person would present imminent risks to the health or safety of attendees.
In addition, AB 361 adds new procedures and clarifies the requirements for conducting remote meetings, including the following:
Public Comment Opportunities in Real Time – a legislative body that meets remotely pursuant to AB 361 must allow members of the public to access the meeting via a call-in option or an internet-based service option, and the agenda for the remote meeting must provide an opportunity for members of the public to directly address the body in real time.
A legislative body cannot require public comments to be submitted in advance of the meeting.
No Action During Disruptions – in the event of a disruption that prevents the local agency from broadcasting the remote meeting, or in the event of a disruption within the local agency’s control that prevents members of the public from offering public comments using the call-in option or internet-based service option, AB 361 prohibits the legislative body from taking any further action on item s appearing on the meeting agenda until public AGENDA ITEM 5
access is restored.
Periodic Findings – Government Code § 54953(e)(B) requires the legislative body to hold a meeting during a proclaimed state of emergency for the purpose of determining, by majority vote, whether as a result of the emergency, meeting in person would present imminent risk to the health or safety of attendees.
DISCUSSION:
The Council and staff held its first in person Council Meeting on March 9, 2022, post the Covid- 19 Global pandemic with the hopes that every City Council and Commission meetings be held in person, at the Community Center.
However, due to limited meeting space, it is recommended that the Council approve a resolution allowing staff to utilize remote/virtual platforms for public meetings only when necessary. The recommended resolution will be in place from December 12, 2022, through January 10, 2023.
Under the provisions of AB 361, the City Council must make findings every Thirty (30) days on why the city should hold virtual meetings instead of in-person meetings.
FINDINGS:
To continue to hold virtual meetings in compliance with AB 361, the Council may find that (1) state or local officials have imposed or recommended measures to promote social distancing or (2) if meeting in person would present imminent risks to the health and safety of attendees. To date, the Governor’s proclamation of a state of emergency is active, and local officials continue to recommend social distancing measures.
Additionally, the Bell Community Center is the only facility that is equipped and large enough to organize public meetings and due to the City’s limited space to hold public meetings, staff recommends having a resolution in place allowing for staff, when necessary, to hold virtual meetings.
FISCAL IMPACT:
The City is charged a monthly fee of $307.89 for the Zoom Video and Audio-Conferencing service which is covered by the Cares Act fund.
ATTACHMENTS:
1. Resolution 2022-81
Resolution 2022-81
RESOLUTION NO. 2022-81
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF BELL
AUTHORIZING THE CITY MANAGER TO CONTINUE UTILIZING
TELECONFERENCING FOR PUBLIC MEETINGS PURSUANT
TO ASSEMBLY BILL 361 (STATS. 2021, CH. 165)
WHEREAS, on March 4, 2020, the Governor of California proclaimed a State of Emergency to exist in California as a result of the threat of novel coronavirus disease 2019 (COVID-19); and
WHEREAS, on March 18, 2020, the City Council adopted Resolution 2020-14, declaring a local emergency in the City of Bell due to the Covid-19 pandemic; and
WHEREAS, on March 17, 2020, the Governor of California executed Executive Order N- 29-20 which suspended and modified specified provisions in the Ralph M. Brown Act (Government Code Section § 54950 et seq.) and authorized local legislative bodies to hold public meetings via teleconferencing and to make public meeting accessible telephonically or otherwise electronically to all members of the public seeking to observe and address the local legislative body; and
WHEREAS, on June 11, 2021, the Governor of California executed Executive Order N- 08-21 which extended the provisions of Executive Order N-29-20 concerning teleconference accommodations for public meetings through September 30, 2021; and
WHEREAS, on September 16, 2021, the Governor of California signed into law Assembly Bill 361 (AB 361, Rivas) (Stats. 2021, ch. 165) amending Government Code § 54953 and providing alternative teleconferencing requirements to conduct public meetings during a proclaimed state of emergency; and
WHEREAS, AB 361 (Stats. 2021, ch. 165) imposes requirements to ensure members of the public are able to attend and participate in public meetings conducted via teleconference, including:
Public Comment Opportunities in Real Time – a legislative body that meets remotely pursuant to AB 361 must allow members of the public to access the meeting via a call-in option or an internet-based service option, and the agenda for the remote meeting must provide an opportunity for members of the public to directly address the body in real time.
A legislative body cannot require public comments to be submitted in advance of the meeting.
No Action During Disruptions – in the event of a disruption that prevents the local agency from broadcasting the remote meeting, or in the event of a disruption within the local agency’s control that prevents members of the public from offering public comments using the call-in option or internet-based service option, AB 361 prohibits the legislative body from taking any further action on item s appearing on the meeting agenda until public access is restored.
Periodic Findings – Government Code § 54953(e)(B) requires the legislative body to hold a meeting during a proclaimed state of emergency for the purpose of determining, by majority vote, whether as a result of the emergency, meeting in person would present
Resolution 2022-81
imminent risk to the health or safety of attendees.
WHEREAS, the City has already implemented and is in full compliance with the requirements listed above when conducting public meetings via teleconference, which are now codified in Government Code § 54953(e)(2)(B-G); and
WHEREAS, AB 361 requires that the City Council make findings no later than 30 days after the first teleconferenced meeting is held pursuant to AB 361, indicating why the City should continue to have virtual meetings instead of in-person; and
WHEREAS, in large part due to the Omicron variant, there has been a sharp surge of Covid-19 positive cases since December 2021. The CDC indicators and thresholds measuring community transmission of COVID-19 within the County of Los Angeles continue to be at a substantial level. The Omicron variant is the predominant strain in Los Angeles County and spreads more easily than the original virus. While the Omicron BA.1 variant is currently the dominant variant in Los Angeles County, there is a gradual increase in the level of the BA.2 subvariant in the County. The BA.2 subvariant is highly transmissible, and has become the dominant variant in many countries, including some that are facing reviewed surges in cases and increased hospitalizations; and
WHEREAS, the Bell Community Center is the only facility that is equipped and large enough to organize public meetings and due to the City’s limited space to hold public meetings, staff recommends having a resolution in place allowing for staff, when necessary, to hold virtual meetings.
NOW, THEREFORE, BE IT RESOLVED , THE CITY COUNCIL OF THE CITY OF BELL HEREBY FINDS:
SECTION 1. That the recitals set forth above are true and correct, and incorporated into this resolution as findings of the City Council.
SECTION 2. A state of emergency as a result of the threat of COVID-19 still exists and continues to impact the ability of members of the public, the City Council, Commissions, and Committees, City staff and consultants to meet safely in person.
SECTION 3. The State of California and the City of Bell continue to follow safety measures in response to COVID-19 as ordered or recommended by the Centers for Disease Control and Prevention (CDC), California Department of Public Health (DPH), and/or County of Los Angeles, as applicable, including facial coverings when required and social distancing.
SECTION 4. The City Council hereby declares that, pursuant to the findings listed in this Resolution, the City Manager is authorized to utilize teleconferencing accessibility to conduct public meetings pursuant to AB 361 (Stats. 2021, ch. 165) and Government Code § 54953, as amended thereby.
SECTION 5. This resolution will be in effect from December 12, 2022 through January 10, 2023.
SECTION 6. This Resolution shall become effective immediately upon adoption.
PASSED, APPROVED AND ADOPTED THIS 14
th day of December 2022.
Resolution 2022-81
____________________________
Monica Arroyo, Mayor
APPROVED AS TO FORM:
__________________________
David J. Aleshire, City Attorney
CERTIFICATE OF ATTESTATION AND ORIGINALITY
I, Angela Bustamante, City Clerk of the City of Bell, hereby attest to and certify that the foregoing resolution is the original resolution adopted by the Bell City Council at its regular meeting held on the 14
th day of December 2022, by the following vote:
AYES:
NOES:
ABSENT:
ABSTAIN:
____________________________
Angela Bustamante, City Clerk
AGENDA ITEM 6
City of Bell
Agenda Report
DAT
E: December 14, 2022
TO: M
ayor and Members of the City Council
FR
OM: Elisa Gratil, Interim Finance Director
APPRO
VED
BY: _____________________________________
Michael L. Antwine II, City Manager
SUBJ
ECT: City of Bell & Bell Successor Agency Investment Reports as of October, 2022.
RECO
MMENDATION:
It
is recommended that the City Council receive and file this report.
BACKG
ROUND:
Per
the requirements of the California Government Code and the City of Bell’s Investment Policy, a monthly investment report is published that discloses the status of investments.
The repo
rt includes types of investments, issuers, maturity dates, book values and the current market value as of the date of the report.
OVER
VIEW OF CITY INVESTMENTS
The Ci
ty’s investment portfolio is divided between The California Treasurer’s Local Agency Investment Fund (“LAIF”) and Asset- Backed Security, Agency Issues, Commercial Paper, US Treasury, Money Market, Commercial Mortgage, Supranational, US Corporate, For eign Corporate.
The Cal
ifornia Treasurer’s Local Agency Investment Fund (“LAIF”) comprises 65.0% of the City’s total investment portfolio. This is a liquid investment that allows participants to earn market rate of returns, while retaining access to the fund within 24 to 48 hours of a withdrawal request with no penalty. The remainder of the City’s portfolio is composed of investments that may be liquidated at any time. However, these investments likely do not provide the short liquidity of the pooled money funds, and liquidation/withdrawal of these investments is at the risk of loss and/or penalty to the City.
The att
ached Investment Reports for the City and Successor Agency reflect the portfolio at the above-referenced date and are in conformity with the 2 022 Statement of Investment Policy adopted by the City Council on January 12, 2022.
ATT
ACHMENTS:
1. Ci
ty Investment Report
2. Successor Agency Investment Report
3. Investment Report Support Documentation
4. Chandler Asset Management Monthly Account Statement
AGENDA ITEM 7
Michael L. Antwine II (e-signature)
Report Date: 12/14/2022
Issuer / Book Market % of YTM
CUSIP Security Value Value * Portfolio (Market Y)
LAIF 19,148,560 19,148,560 65.00% 1.77%
See Attached Asset-Backed Security 914,830 882,973 3.00% 5.17% See Attached Agency Issues 2,564,759 2,465,434 8.36% 4.67% See Attached Commercial Mortagage 564,125 556,376 1.89% 4.97% See Attached Corporate 2,412,800 2,311,871 7.84% 4.96%
See Attached Money Market 9,243 9,243 0.04% 2.61%
See Attached Supranational 531,071 497,243 1.69% 4.66%
See Attached US Treasury 3,811,704 3,583,130 12.15% 4.48% Accrued Interest 43,267
Totals 29,957,090$ 29,498,096$ 100%
Bank Account Balances:
Wells Fargo Bank Stagecoach Sweep General Checking: 1,374,195.89$ Wells Fargo Bank Commercial Checking Choice IV-Public Funds: 54,263.00 Wells Fargo Bank Bell Community Housing Authority Checking Account: 1 -
Wells Fargo Bank Payroll Account: 2
-
Wells Fargo Bank Worker's Compensation Account: 3
58,475.66
1,486,934.55$
The City's investment and banking liquidity is adequate for it to meet its expenditure requirements for the next 180 days. There have been no variances to the City Investment Policy. 1 The Bell Community Housing Authority Account - This bank account segregates the financial activities pertinent of the Housing Authority, Fund 90.
This bank account was transitioned to zero balance account (ZBA) status in 2013 and is reconciled to the City's General Ledger. 2 Payroll Account - This bank account segregates payroll activities. This bank account was transitioned to zero balance account (ZBA) status in 2013 and is reconciled to the City's General Ledger. 3 Workers' Compensation - This bank account was established for joint access by City Staff and the City's third -party administrator, AdminSure, to administer workers' compensation programming.
The account is reimbursed by bank transfers as necessary. * Current market valuation is required for investments with maturities of more than twelve months. MV includes accrued interest earned as of 10/31/2022 City of Bell Investment Report
LAIF Deposit and Core Investments
October 2022
MONTH FY 2019-20 FY 2020-21 FY 2021-22 FY 2022-23
JULY 25,600,523.51$ 25,320,562.61$ 27,158,657.80$ 36,441,274.21$ AUGUST 23,650,305.37 23,739,062.20 28,268,929.13 35,223,821.96$ SEPTEMBER 21,748,944.76 21,690,804.87 26,397,025.57 32,811,437.12$ OCTOBER 21,193,173.66 21,605,826.32 26,237,986.42 31,444,024.32$ NOVEMBER 20,099,691.81 22,017,659.98 25,741,196.73 DECEMBER 21,785,287.59 24,124,656.89 28,966,073.71 JANUARY 24,770,584.76 27,425,271.30 33,505,081.56 FEBRUARY 25,232,601.81 25,221,695.57 33,233,351.99 MARCH 25,624,394.74 25,161,017.39 32,837,890.46
APRIL 26,944,295.13 25,811,974.54 34,829,178.84
MAY 29,010,371.43 28,685,142.78 37,384,223.90
JUNE 29,238,115.42 28,279,502.12 38,524,813.01
City of Bell
Historical Summary of Invested Funds & Bank Deposits
Report Date: 12/14/2022
Issuer / Book Market % of YTM
Security Value Value * Portfolio (Purchase Y)
LAIF 578,816 578,816 100.00% 1.77%
Totals 578,816$ 578,816$ 100.00% Bank Account Balances:
Wells Fargo Bank Successor to RDA: 277,813$
* Current market valuation is required for investments with maturities of more than twelve months.
City of Bell Successor to Redevelopment Agency - This bank account segregates the financial activities of the Successor Agency and is reconciled to the City's General Ledger each month.
Bell Successor Agency Investment Report
October 2022
All Investments
MONTH FY 2020-21 FY 2021-22 FY 2022-23
JULY 2,652,039.24$ 2,634,143.35$ 2,596,401.97$
AUGUST 2,653,373.37 2,601,063.64 2,591,745.15$
SEPTEMBER 986,026.30 890,531.10 852,536.05$
OCTOBER 995,957.79 886,165.69 856,629.31$
NOVEMBER 995,957.04 876,829.70
DECEMBER 995,914.01 873,108.41
JANUARY 1,895,562.17 1,459,106.09
FEBRUARY 1,747,081.95 1,325,546.77
MARCH 1,140,655.41 1,014,355.71
APRIL 1,144,094.97 1,000,743.36
MAY 1,131,195.10 994,985.29
JUNE 2,770,827.46 2,595,074.09
Community Redevelopment Agency / Successor Agency
Historical Summary of Invested Funds & Bank Deposits
STAGECOACH SWEEP
WELLS FARGO BANK, N.A.
P.O. BOX 63020
THIS STATEMENT COVERS 10/01/2022 THROUGH 10/31/2022
FOR QUESTIONS, PLEASE CALL YOUR CUSTOMER SERVICE OFFICER OR CUSTOMER CARE FOR BUSINESS (CC4B) SERVICE OFFICE AT 1-800-AT-WELLS (1-800-289-3557).
ALLSPRING TREASURY PLUS MMF A CLS
Transaction Detail
Daily Balance Information
Date Investment Balance Annualized Fund Yield Daily Dividend Factor Daily Accrual 10-01* 1,051,164.49 2.270 % .000062204 65.39
10-02* 1,051,164.49 2.270 % .000062204 65.39
10-03 1,051,164.49 2.265 % .000062073 65.25
10-04 993,589.61 2.267 % .000062114 61.72
10-05 831,594.17 2.276 % .000062362 51.86
10-06 821,627.80 2.328 % .000063784 52.41
SAN FRANCISCO, CA 94163 Page 1 of 2
CITY OF BELL
GENERAL FUND OPERATING
ATTN CITY TREASURER
6330 PINE AVE
BELL CA 90201-1221
Account Number - DDA
4159281427
10-01-2022 Beginning Balance 1,119,243.86
10-03-2022 Sweep Funds Return To DDA 70,388.83
10-03-2022 Reinvested Dividend 2,309.46
10-04-2022 Sweep Funds Return To DDA 57,574.88
10-05-2022 Sweep Funds Return To DDA 161,995.44
10-06-2022 Sweep Funds Return To DDA 9,966.37
10-07-2022 Next Day Sweep Purchase 41,193.70
10-11-2022 Next Day Sweep Purchase 67,088.80
10-12-2022 Next Day Sweep Purchase 1,607,867.75
10-13-2022 Next Day Sweep Purchase 42,064.68
10-14-2022 Sweep Funds Return To DDA 241,215.93
10-17-2022 Sweep Funds Return To DDA 869,633.13
10-18-2022 Sweep Funds Return To DDA 153,865.46
10-19-2022 Sweep Funds Return To DDA 12,273.97
10-20-2022 Sweep Funds Return To DDA 31,986.58
10-21-2022 Next Day Sweep Purchase 74,022.88
10-24-2022 Next Day Sweep Purchase 16,641.20
10-25-2022 Next Day Sweep Purchase 167,770.00
10-26-2022 Next Day Sweep Purchase 79,497.91
10-27-2022 Sweep Funds Return To DDA 9,701.31
10-28-2022 Sweep Funds Return To DDA 72,386.44
10-31-2022 Sweep Funds Return To DDA 152,516.01
10-31-2022 Ending Balance 1,374,195.89
FUND SUMMARY
Dividends Earned YTD 9,466.66
Federal Withholding YTD .00
7-Day Simple Yield 2.50215 %
Federal Withholding .00
Beginning Balance 1,119,243.86
Prior Months Dividends Reinvested 2,309.46 +
Shares Purchased 2,096,146.92 +
Shares Redeemed 1,843,504.35 -
Ending Balance 1,374,195.89
Dividends Earned in Current Month 2,752.43
Funds Pending Investment 64,067.91
XXXXXXXXX
STAGECOACH SWEEP
Date Investment Balance Annualized Fund Yield Daily Dividend Factor Daily Accrual 10-07 862,821.50 2.330 % .000063860 55.10
10-08* 862,821.50 2.330 % .000063860 55.10
10-09* 862,821.50 2.330 % .000063860 55.10
10-10* 862,821.50 2.330 % .000063860 55.10
10-11 929,910.30 2.346 % .000064285 59.78
10-12 2,537,778.05 2.372 % .000064990 164.93
10-13 2,579,842.73 2.381 % .000065251 168.34
10-14 2,338,626.80 2.382 % .000065277 152.66
10-15* 1,468,993.67 2.382 % .000065277 95.89
10-16* 1,468,993.67 2.382 % .000065277 95.89
10-17 1,468,993.67 2.400 % .000065770 96.62
10-18 1,315,128.21 2.454 % .000067233 88.42
10-19 1,302,854.24 2.454 % .000067247 87.61
10-20 1,270,867.66 2.449 % .000067123 85.30
10-21 1,344,890.54 2.461 % .000067429 90.68
10-22* 1,344,890.54 2.461 % .000067429 90.68
10-23* 1,344,890.54 2.461 % .000067429 90.68
10-24 1,361,531.74 2.465 % .000067555 91.98
10-25 1,529,301.74 2.492 % .000068281 104.42
10-26 1,608,799.65 2.490 % .000068229 109.77
10-27 1,599,098.34 2.493 % .000068321 109.25
10-28 1,526,711.90 2.493 % .000068324 104.31
10-29* 1,374,195.89 2.493 % .000068324 93.89
10-30* 1,374,195.89 2.493 % .000068324 93.89
10-31 1,374,195.89 2.523 % .000069143 95.02
TOTAL MTD 2,752.43
* Indicates non-business day
THANK YOU FOR BANKING WITH WELLS FARGO.
MONEY MARKET MUTUAL FUNDS (EACH, A "MMMF") ARE NOT FDIC INSURED, HAVE NO BANK GUARANTY AND MAY LOSE VALUE.
An Investment in a MMMF is not insured by the Federal Deposit Insurance Corporation or any other government agency. Although the MMMF's seek to preserve the value of customer's investment at $1.00 per share, it is possible to lose money by investing in a MMMF.
Allspring Funds Management, LLC, a wholly owned subsidiary of Allspring Global Investments Holdings, LLC ("Allspring Global"), provides investment advisory and administrative services for the Allspring Funds?. Other subsidiaries of Allspring Global provide sub-advisory and other services for the funds. The funds are distributed by Allspring Funds Distributor, LLC, Member FINRA/SIPC, a subsidiary of Allspring Global.
This material must be accompanied or preceded by a current prospectus for name of the Fund(s) selected. Please read the prospectus carefully before investing.
10/01/2022 - 10/31/2022
Account Number - DDA
4159281427
XXXXXXXXX
Choice IV-Public Funds {NIB}
Account number: 4159281427 October 1, 2022 - October 31, 2022 Page 1 of 8 Prior account number: 145398000
©2010 Wells Fargo Bank, N.A.
All rights reserved. Member FDIC.
(182)
Questions?
Call your Customer Service Officer or Client Services
1-800-AT WELLS (1-800-289-3557)
5:00 AM TO 6:00 PM Pacific Time Monday - Friday
Online: wellsfargo.com
Write: Wells Fargo Bank, N.A. (182)
PO Box 63020
San Francisco, CA 94163
CITY OF BELL
GENERAL FUND OPERATING
ATTN CITY TREASURER
6330 PINE AVE
BELL CA 90201-1221
Account summary
Choice IV-Public Funds {NIB}
Account number Beginning balance Total credits Total debits Ending balance 4159281427 $51,348.00 $5,134,183.53 -$5,131,268.53 $54,263.00 Credits
Deposits
Effective
date
Posted
date Amount
Transaction detail
10/03 65.00 Deposit
10/03 456.00 Deposit
10/03 638.00 Deposit
10/03 811.10 Deposit
10/11 10.00 Deposit
10/11 180.00 Deposit
10/11 267.00 Deposit
10/11 1,506.72 Deposit
10/13 204.00 Deposit
10/13 450.25 Deposit
10/13 544.00 Deposit
10/13 1,555.45 Deposit
10/14 326.50 Deposit
10/14 485.75 Deposit
10/21 20.00 Deposit
10/21 445.50 Deposit
10/21 1,050.05 Deposit
10/26 20.00 Deposit
10/26 613.50 Deposit
10/26 1,098.49 Deposit
10/31 95.00 Deposit
10/31 605.00 Deposit
10/31 7,836.23 Deposit
$19,283.54 Total deposits
Sheet Seq = 0018892
Sheet 00001 of 00008
XXXXXXXXXX
XXXXXXXXXX
XXXXXXXX
©2010 Wells Fargo Bank, N.A.
All rights reserved. Member FDIC.
Account number: 4159281427 October 1, 2022 - October 31, 2022 Page 2 of 8 Prior account number: 145398000
Electronic deposits/bank credits
Effective
date
Posted
date Amount
Transaction detail
10/03 12.16 Southern Califor Single 221003
Just*Energy*Uut*Payment*20220822000070U090822\
10/03 200.00 Desktop Check Deposit
10/03 418.00 10/03Bankcard Deposit -0328029701
10/03 681.29 Square Inc 221003P2 221003 L210754079504 City of Bell 10/03 38,766.13 Southern Califor Single 221003 SCG*Uut*Payment*20220822000070U090922\ 10/03 57,574.88 Sweep Transfer From Investment
10/04 209.00 10/04Bankcard Deposit -0328029701
10/04 418.00 10/04Bankcard Deposit -0328029701
10/04 500.06 Square Inc 221004P2 221004 L210754273631 City of Bell 10/04 2,814.78 Desktop Check Deposit
10/04 3,848.00 LA County Gen-Pymt 220929 500110 NTE*202209295479382 *A2300188537 *500110
10/04 7.63 ZBA Funding Account Transfer From 4121929244 10/04 161,995.44 Sweep Transfer From Investment
10/05 120.00 10/05Bankcard Deposit -0328029700
10/05 211.25 10/05Bankcard Deposit -0328029701
10/05 4,200.00 Desktop Check Deposit
10/05 32,192.01 ZBA Funding Account Transfer From 4121929244 10/05 9,966.37 Sweep Transfer From Investment
10/06 275.50 10/06Bankcard Deposit -0328029701
10/06 815.22 10/06Bankcard Deposit -0328029700
10/06 1,701.00 Desktop Check Deposit
10/06 2,165.48 Active Network, Registrati 000000005943806 Rmr*IV*13551029**2165.48*2165.48*0\Ref*PO*RN 0011
10/06 69,758.50 ZBA Funding Account Transfer From 4121929244 10/07 10.00 10/07Bankcard Deposit -0328029700
10/07 16.00 10/07Bankcard Deposit -0328029701
10/07 280.29 Square Inc 221007P2 221007 L210755257687 City of Bell 10/07 75,313.10 Apport St of CA Apsapports 100422 388 Bell City Treasurer 10/11 10.00 10/11Bankcard Deposit -0328029700
10/11 100.00 10/11Bankcard Deposit -0328029701
10/11 413.29 Desktop Check Deposit
10/11 569.49 10/11Bankcard Deposit -0328029700
10/11 847.63 Desktop Check Deposit
10/11 2,932.54 Desktop Check Deposit
10/11 1,700,000.00 WT Seq215153 Cal State Treasurer /Org=State of California - Laif Srf# Ec22101187466455 Trn#221011215153 Rfb# 245986310100021
10/11 63,160.43 ZBA Funding Account Transfer From 4121929244 10/12 33.00 10/12Bankcard Deposit -0328029701
10/12 57.50 Ce Solutions D Operating Fgwap0000600943 Cagasuut2209 10/12 60.00 10/12Bankcard Deposit -0328029700
10/12 500.06 Square Inc 221012P2 221012 L210756411517 City of Bell 10/12 2,234.05 Desktop Check Deposit
10/12 14,728.25 Ce Solutions D Operating Fgwap0000600857 Caelectricityuut2209 10/13 225.00 10/13Bankcard Deposit -0328029701
10/13 293.11 Active Network, Registrati 000000005946729 Rmr*IV*13558037**293.11*293.11*0\Ref*PO*RN 001154
10/13 521.05 Square Inc 221013P2 221013 L210756731532 City of Bell Sheet Seq = 0018893
Sheet 00002 of 00008
XXXXXXXXXX
XXXXXXXX
©2010 Wells Fargo Bank, N.A.
All rights reserved. Member FDIC.
Account number: 4159281427 October 1, 2022 - October 31, 2022 Page 3 of 8 Prior account number: 145398000
Electronic deposits/bank credits (continued)
Effective
date
Posted
date Amount
Transaction detail
10/13 547.39 10/13Bankcard Deposit -0328029700
10/13 4,427.98 WT Fed#00855 Bank of America, N /Org=PMAm Corporation Aaf City of Bell Srf# 2022101300352889 Trn#221013096121 Rfb# SEP 22 Alarm Fee 10/13 5,308.40 10/13Bankcard Deposit -0328029700
10/13 24,707.29 Desktop Check Deposit
10/13 6,188.74 ZBA Funding Account Transfer From 4121929244 10/13 241,215.93 Sweep Transfer From Investment
10/14 20.00 10/14Bankcard Deposit -0328029701
10/14 120.00 10/14Bankcard Deposit -0328029700
10/14 132.30 Desktop Check Deposit
10/14 510.90 10/14Bankcard Deposit -0328029700
10/14 1,456.08 Square Inc 221014P2 221014 L210757070415 City of Bell 10/14 229,536.36 Southern Califor EDI Paymts 2210100001 003*220901***20^Dtm*003*220930***20^SE*15*86169^G
10/14 2,962.63 ZBA Funding Account Transfer From 4121929244 10/14 869,633.13 Sweep Transfer From Investment
10/17 58.31 10/17Bankcard Deposit -0328029700
10/17 88.33 Square Inc 221017P2 221017 L210757706885 City of Bell 10/17 210.33 10/17Bankcard Deposit -0328029700
10/17 939.40 Square Inc 221017P2 221017 L210757706884 City of Bell 10/17 153,865.46 Sweep Transfer From Investment
10/18 209.00 10/18Bankcard Deposit -0328029701
10/18 209.00 10/18Bankcard Deposit -0328029701
10/18 396.00 Desktop Check Deposit
10/18 536.69 10/18Bankcard Deposit -0328029700
10/18 1,021.49 Square Inc 221018P2 221018 L210757891500 City of Bell 10/18 4,758.01 ZBA Funding Account Transfer From 4121929244 10/18 12,273.97 Sweep Transfer From Investment
10/19 209.00 10/19Bankcard Deposit -0328029701
10/19 510.90 10/19Bankcard Deposit -0328029700
10/19 3,175.91 Square Inc 221019P2 221019 L210758215603 City of Bell 10/19 65,743.04 Desktop Check Deposit
10/19 1,200.00 ZBA Funding Account Transfer From 4121929244 10/19 31,986.58 Sweep Transfer From Investment
10/20 1,143.96 Active Network, Registrati 000000005948654 Rmr*IV*13561555**1143.96*1143.96*0\Ref*PO*RN 0011
10/20 1,610.30 10/20Bankcard Deposit -0328029700
10/20 1,715.78 10/20Bankcard Deposit -0328029700
10/20 85,431.41 LA County Gen-Pymt 221017 Pta-11600 NTE*202210175493678 *A2300215043 *Pta-11600
10/21 20.00 10/21Bankcard Deposit -0328029700
10/21 290.55 10/21Bankcard Deposit -0328029700
10/21 2,278.07 Amer Tower 1942 EDI Paymnt Oct 21 43Rent_40008232 095936589\Iea*00001*095936589\
10/21 8,775.72 Desktop Check Deposit
10/21 64,037.71 Apport St of CA Apsapports 101822 388 Bell City Treasurer 10/21 1,878.49 ZBA Funding Account Transfer From 4121929244 10/24 20.00 10/24Bankcard Deposit -0328029701
10/24 141.67 10/24Bankcard Deposit -0328029700
Sheet Seq = 0018894
Sheet 00003 of 00008
XXXXXXXXX
XXXXXXXX
©2010 Wells Fargo Bank, N.A.
All rights reserved. Member FDIC.
Account number: 4159281427 October 1, 2022 - October 31, 2022 Page 4 of 8 Prior account number: 145398000
Electronic deposits/bank credits (continued)
Effective
date
Posted
date Amount
Transaction detail
10/24 388.42 10/24Bankcard Deposit -0328029700
10/24 6,912.56 Desktop Check Deposit
10/24 94,692.33 Desktop Check Deposit
10/24 261,546.53 CA Dept Tax&Fee Cdtfa-Ltax 101922 19005 City of Bell 10/24 1,000.00 ZBA Funding Account Transfer From 4121929244 10/25 24.00 10/25Bankcard Deposit -0328029701
10/25 88.33 10/25Bankcard Deposit -0328029700
10/25 356.69 10/25Bankcard Deposit -0328029700
10/25 359.00 10/25Bankcard Deposit -0328029701
10/25 1,500.00 Jpmorgan Chase B Payment
Rmr*IV*16418-0002796479**1500.00*1500.00*0.00\
10/25 1,912.77 Square Inc 221025P2 221025 L210759696414 City of Bell 10/25 4,966.29 Desktop Check Deposit
10/26 434.30 Square Inc 221026P2 221026 L210759888279 City of Bell 10/26 510.90 10/26Bankcard Deposit -0328029700
10/26 734.25 LA County Gen-Pymt 221023 500110 NTE*202210235500780 *A2300230987 *500110
10/26 18,359.40 Desktop Check Deposit
10/26 9,701.31 Sweep Transfer From Investment
10/27 508.97 10/27Bankcard Deposit -0328029700
10/27 1,273.37 Active Network, Registrati 000000005951712 Rmr*IV*13572039**1273.37*1273.37*0\Ref*PO*RN 0011
10/27 1,525.91 Square Inc 221027P2 221027 L210760208989 City of Bell 10/27 2,486.14 10/27Bankcard Deposit -0328029700
10/27 68,622.00 Lacmta Corp Pmt 1170221
2~Dtm|003|20221016~SE|33|0324~GE|0001|14686368~IE
10/27 82,729.67 Lacmta Corp Pmt 1170220
2729.67~Dtm|003|20221016~SE|33|0049~GE|0001|14686
10/27 88,429.50 Desktop Check Deposit
10/27 72,386.44 Sweep Transfer From Investment
10/28 500.06 Square Inc 221028P2 221028 L210760549216 City of Bell 10/28 971.75 10/28Bankcard Deposit -0328029700
10/28 9,737.66 Desktop Check Deposit
10/28 29,760.00 Lacounty Develop Payment 221028 0000000895 Rmr*IV*067032**0029760.00\ 10/28 152,516.01 Sweep Transfer From Investment
10/31 16.00 10/31Bankcard Deposit -0328029701
10/31 24.00 10/31Bankcard Deposit -0328029701
10/31 417.05 Square Inc 221031P2 221031 L210761184285 City of Bell 10/31 500.06 Square Inc 221031P2 221031 L210761184284 City of Bell 10/31 708.27 10/31Bankcard Deposit -0328029700
10/31 6,001.78 Desktop Check Deposit
10/31 51,464.11 Lacmta Corp Pmt 1170594
1464.11~Dtm|003|20221018~SE|33|0140~GE|0001|14719
10/31 58,176.46 Lacmta Corp Pmt 1170595
8176.46~Dtm|003|20221018~SE|33|0056~GE|0001|14719
$5,114,899.99 Total electronic deposits/bank credits
$5,134,183.53 Total credits
Sheet Seq = 0018895
Sheet 00004 of 00008
XXXXXXXXX
XXXXXXXX
©2010 Wells Fargo Bank, N.A.
All rights reserved. Member FDIC.
Account number: 4159281427 October 1, 2022 - October 31, 2022 Page 5 of 8 Prior account number: 145398000
Debits
Electronic debits/bank debits
Effective
date
Posted
date Amount
Transaction detail
10/03 1,814.36 ZBA Funding Account Transfer to 4121929244 10/03 7,851.29 ZBA Funding Account Transfer to 4159281401 10/04 83.47 < Business to Business ACH Debit - Calpers 1800 5686383552 100000016939217 10/04 5,217.45 < Business to Business ACH Debit - AFLAC Insurance 093022 Vw090858438 City of Bell
10/04 148,316.92 < Business to Business ACH Debit - Calpers 1800 5686383552 100000016939208 10/06 41,193.70 Sweep Transfer to Investment
10/07 5,136.54 < Business to Business ACH Debit - Calpers 3100 5686383552 100000016900108 10/07 12,357.63 < Business to Business ACH Debit - Calpers 3100 5686383552 100000016900191 10/07 13,761.13 < Business to Business ACH Debit - Calpers 3100 5686383552 100000016900081 10/07 16,963.44 < Business to Business ACH Debit - Calpers 3100 5686383552 100000016900043 10/07 17,158.84 < Business to Business ACH Debit - Calpers 3100 5686383552 100000016900160 10/07 1,218.33 ZBA Funding Account Transfer to 4159281401 10/07 67,088.80 Sweep Transfer to Investment
10/11 728.60 Client Analysis Srvc Chrg 221007 Svc Chge 0922 000004159281427 10/11 5,303.35 WT Seq453246 City of Bell /Bnf=City of Bell Srf# Gb00000053906917 Trn#221011453246 Rfb# 2740
10/11 11,251.10 WT Seq453580 City of Bell /Bnf=City of Bell Srf# Gb00000053908941 Trn#221011453580 Rfb# 2741
10/11 456.68 ZBA Funding Account Transfer to 4159281401 10/11 1,607,867.75 Sweep Transfer to Investment
10/12 11,402.98 < Business to Business ACH Debit - Wright Express Fleet Debi 221011 9100005154093 City of Bell (3)
10/12 3,079.28 ZBA Funding Account Transfer to 4121929244 10/12 42,064.68 Sweep Transfer to Investment
10/13 0.72 Bankcard Discount Fee - 0328029701
10/13 0.88 Bankcard Discount Fee - 0328029701
10/13 0.99 Bankcard Discount Fee - 0328029701
10/13 1.12 Bankcard Fee - 0328029701
10/13 1.76 Bankcard Discount Fee - 0328029700
10/13 2.00 Bankcard Discount Fee - 0328029701
10/13 4.63 Bankcard Fee - 0328029700
10/13 9.00 Bankcard Discount Fee - 0328029700
10/13 11.67 Bankcard Discount Fee - 0328029700
10/13 14.52 Bankcard Discount Fee - 0328029700
10/13 18.47 Bankcard Interchange Fee - 0328029701
10/13 248.21 Bankcard Interchange Fee - 0328029700
10/13 248,260.83 ZBA Funding Account Transfer to 4159281401 10/14 3,104.24 ACH Prep Origintn - City of Bell Pay - File 2956000677 Coid 2956000677 10/17 1,047.22 < Business to Business ACH Debit - Expertpay Expertpay xxxxx0677 City of Bell 10/17 3,173.04 ZBA Funding Account Transfer to 4121929244 10/17 93,972.87 ZBA Funding Account Transfer to 4159281401 10/18 7,148.51 ZBA Funding Account Transfer to 4159281401 10/19 5,140.25 < Business to Business ACH Debit - Calpers 3100 5686383552 100000016932056 10/19 12,205.61 < Business to Business ACH Debit - Calpers 3100 5686383552 100000016932132 10/19 13,975.16 < Business to Business ACH Debit - Calpers 3100 5686383552 100000016932016 10/19 16,919.74 < Business to Business ACH Debit - Calpers 3100 5686383552 100000016931976 10/19 17,111.26 < Business to Business ACH Debit - Calpers 3100 5686383552 100000016932097 Sheet Seq = 0018896
Sheet 00005 of 00008
XXXXXXXXX
XXXXXXXX
©2010 Wells Fargo Bank, N.A.
All rights reserved. Member FDIC.
Account number: 4159281427 October 1, 2022 - October 31, 2022 Page 6 of 8 Prior account number: 145398000
Electronic debits/bank debits (continued)
Effective
date
Posted
date Amount
Transaction detail
10/20 19,791.94 WT Fed#01019 US Bank, NA /Ftr/Bnf=U.S. Bank National Association Srf# Gw00000054102847 Trn#221019173108 Rfb# 2742
10/20 58.81 ZBA Funding Account Transfer to 4121929244
10/20 74,022.88 Sweep Transfer to Investment
10/21 16,641.20 Sweep Transfer to Investment
10/24 5,346.38 WT Seq454778 City of Bell /Bnf=City of Bell Srf# Gb00000054185183 Trn#221024454778 Rfb# 2744
10/24 5,832.84 WT Seq452618 City of Bell /Bnf=City of Bell Srf# Gb00000054175976 Trn#221024452618 Rfb# 2743
10/24 393.80 ZBA Funding Account Transfer to 4159281401 10/24 167,770.00 Sweep Transfer to Investment
10/25 4,005.82 ZBA Funding Account Transfer to 4121929244 10/25 79,497.91 Sweep Transfer to Investment
10/26 637.72 ZBA Funding Account Transfer to 4121929244 10/27 3,184.24 ACH Prep Origintn - General Fund - File 2956000677 Coid 2956000677 10/27 242,630.75 ZBA Funding Account Transfer to 4159281401 10/28 1,047.22 < Business to Business ACH Debit - Expertpay Expertpay xxxxx0677 City of Bell 10/28 94,729.42 ZBA Funding Account Transfer to 4159281401 10/31 8,994.34 ZBA Funding Account Transfer to 4121929244 10/31 1,556.58 ZBA Funding Account Transfer to 4159281401 10/31 64,067.91 Sweep Transfer to Investment
$3,232,898.78 Total electronic debits/bank debits
< Business to Business ACH: If this is a business account, this transaction has a return time frame of one business day from post date. This time frame does not apply to consumer accounts.
Checks paid
Number Amount Date Number Amount Date Number Amount Date 79108 50.00 10/03
79144 * 30.00 10/24
79173 * 223.49 10/11
79207 * 100.00 10/03
79371 * 25.00 10/04
79480 * 150.00 10/06
79492 * 800.00 10/27
79504 * 100.00 10/31
79510 * 50.00 10/04
79523 * 100.00 10/11
79524 300.00 10/19
79560 * 190.00 10/07
79566 * 100.00 10/11
79568 * 50.00 10/07
79572 * 554.07 10/27
79590 * 100.00 10/21
79592 * 160.00 10/20
79616 * 100.00 10/11
79621 * 1,695.00 10/17
79629 * 276.67 10/03
79643 * 14.00 10/03
79644 125.00 10/04
79646 * 50.00 10/24
79652 * 60,330.31 10/11
79653 37,158.00 10/03
79654 17,073.29 10/05
79655 13,027.25 10/03
79659 * 300.00 10/31
79660 490.00 10/03
79662 * 61.34 10/03
79663 100.00 10/03
79664 300.00 10/11
79665 676.67 10/03
79669 * 465.00 10/06
79675 * 2,500.00 10/06
79687 * 111.24 10/03
79691 * 1,528.45 10/03
79692 50.00 10/07
79693 456.00 10/13
79695 * 1,065.42 10/03
79701 * 11,501.40 10/03
79702 175,325.48 10/28
79703 97.31 10/04
79704 207.57 10/03
79705 9,708.56 10/03
79706 98.89 10/04
79707 659.15 10/05
79708 4,807.54 10/03
79709 659.15 10/05
79710 659.15 10/05
79711 2,608.54 10/05
79713 * 179.20 10/07
79715 * 450.00 10/07
79716 1,338.65 10/03
79717 41.65 10/03
79718 3,505.00 10/03
79719 759.00 10/12
79720 450.00 10/11
79721 110.00 10/05
79723 * 150.00 10/17
79724 1,537.00 10/11
79725 484.83 10/04
79726 101.84 10/11
Sheet Seq = 0018897
Sheet 00006 of 00008
XXXXXXXXX
XXXXXXXX
©2010 Wells Fargo Bank, N.A.
All rights reserved. Member FDIC.
Account number: 4159281427 October 1, 2022 - October 31, 2022 Page 7 of 8 Prior account number: 145398000
Checks paid (continued)
Number Amount Date Number Amount Date Number Amount Date 79728 * 614.35 10/05
79729 516.00 10/05
79730 701.67 10/04
79731 1,800.00 10/04
79732 3,320.00 10/04
79733 994.75 10/03
79734 78.48 10/07
79735 8,683.00 10/13
79736 2,367.50 10/05
79737 237.50 10/05
79738 650.00 10/04
79739 8,761.60 10/11
79740 66.75 10/03
79741 3,100.00 10/03
79742 1,351.37 10/04
79743 985.00 10/11
79744 1,374.00 10/03
79745 16,500.00 10/17
79746 84,130.54 10/24
79747 285.44 10/11
79748 939.52 10/13
79749 2,813.37 10/12
79750 466.86 10/13
79751 47.07 10/12
79752 21,886.80 10/19
79753 16,500.00 10/17
79754 37,753.46 10/21
79755 13,116.12 10/21
79756 199.73 10/14
79757 4,020.00 10/12
79758 1,985.33 10/17
79759 6,174.01 10/18
79760 1,278.80 10/20
79761 2,091.17 10/11
79762 328.31 10/12
79763 2,335.00 10/11
79764 2,373.96 10/12
79765 1,210.33 10/14
79766 275.19 10/11
79767 3,033.27 10/12
79768 186.36 10/13
79769 1,500.00 10/11
79770 1,134,143.35 10/14
79771 392.72 10/12
79772 1,695.22 10/12
79773 122.05 10/13
79774 49.43 10/11
79775 659.15 10/11
79776 170.67 10/18
79777 440.83 10/24
79778 8,505.50 10/20
79779 50.00 10/24
79780 3,200.00 10/31
79781 100.00 10/21
79783 * 199.73 10/18
79784 3,675.00 10/24
79785 836.05 10/19
79786 2,196.25 10/19
79789 * 9,480.47 10/17
79791 * 475.00 10/19
79792 137.34 10/21
79793 722.00 10/19
79794 1,848.36 10/20
79795 273.22 10/18
79796 9,259.50 10/17
79797 16,625.00 10/26
79799 * 160.00 10/21
79800 1,467.30 10/17
79801 1,752.00 10/17
79802 306.16 10/20
79804 * 323.10 10/17
79805 120.98 10/24
79806 134.97 10/21
79808 * 487.91 10/24
79810 * 709.02 10/18
79811 741.32 10/31
79812 140.31 10/19
79816 * 75.00 10/18
79817 450.00 10/17
79819 * 20,000.00 10/31
79821 * 119.30 10/26
79822 8,259.88 10/25
79823 897.74 10/25
79825 * 329.26 10/28
79826 100.00 10/31
79827 1,887.20 10/25
79828 850.00 10/24
79829 7,219.19 10/25
79830 160.28 10/31
79832 * 160.00 10/26
79833 16.03 10/27
79836 * 679.23 10/24
79837 75.00 10/26
79839 * 1,800.00 10/26
79841 * 2,383.00 10/24
79842 154.00 10/31
79843 232.22 10/31
79844 220.58 10/28
79846 * 532.30 10/25
79847 607.44 10/31
79848 717.91 10/27
79849 339.52 10/28
79850 175.00 10/28
79851 485.04 10/25
79852 387.00 10/25
79853 1,765.60 10/26
79854 184.26 10/26
79855 385.27 10/26
79857 * 510.00 10/24
79858 16,356.80 10/31
79868 * 144.40 10/31
79877 * 901.62 10/31
79882 * 199.73 10/31
79883 6,607.40 10/31
79891 * 2,170.00 10/31
79892 550.41 10/31
79894 * 75.00 10/31
79907 * 2,250.00 10/31
79912 * 1,848.51 10/31
$1,898,369.75 Total checks paid
* Gap in check sequence.
$5,131,268.53 Total debits
Sheet Seq = 0018898
Sheet 00007 of 00008
XXXXXXXXX
XXXXXXXX
©2010 Wells Fargo Bank, N.A.
All rights reserved. Member FDIC.
Account number: 4159281427 October 1, 2022 - October 31, 2022 Page 8 of 8 Prior account number: 145398000
Daily ledger balance summary
Date Balance Date Balance Date Balance
09/30 51,348.00
10/03 50,000.00
10/04 57,471.00
10/05 78,656.00
10/06 109,063.00
10/07 50,000.00
10/11 114,205.00
10/12 59,808.00
10/13 86,568.00
10/14 53,094.00
10/17 50,500.00
10/18 55,154.00
10/19 66,071.00
10/20 50,000.00
10/21 60,653.00
10/24 152,604.00
10/25 58,639.00
10/26 68,359.00
10/27 138,418.00
10/28 59,737.00
10/31 54,263.00
Average daily ledger balance $66,868.61
Sheet Seq = 0018899
Sheet 00008 of 00008
XXXXXXXXX
XXXXXXXX
Commercial Checking Acct Public Funds
Account number: 4121929244 October 1, 2022 - October 31, 2022 Page 1 of 3 ©2010 Wells Fargo Bank, N.A.
All rights reserved. Member FDIC.
(182)
Questions?
Call your Customer Service Officer or Client Services
1-800-AT WELLS (1-800-289-3557)
5:00 AM TO 6:00 PM Pacific Time Monday - Friday
Online: wellsfargo.com
Write: Wells Fargo Bank, N.A. (182)
PO Box 63020
San Francisco, CA 94163
CITY OF BELL
BCHA
6330 PINE AVE
BELL CA 90201-1221
Account summary
Commercial Checking Acct Public Funds
Account number Beginning balance Total credits Total debits Ending balance 4121929244 $0.00 $241,225.75 -$241,225.75 $0.00
Credits
Electronic deposits/bank credits
Effective
date
Posted
date Amount
Transaction detail
10/03 389.00 121108250 Ccddeposit 221001 xxxxx0548 Bell Community Housing 10/03 1,814.36 ZBA Balance Account Transfer From 4159281427 10/04 7,874.54 Desktop Check Deposit
10/05 32,281.19 Desktop Check Deposit
10/06 69,758.50 Desktop Check Deposit
10/11 19,349.73 Desktop Check Deposit
10/11 26,384.53 Desktop Check Deposit
10/11 26,873.57 Desktop Check Deposit
10/12 7,574.41 Desktop Check Deposit
10/12 3,079.28 ZBA Balance Account Transfer From 4159281427 10/13 13,001.83 Desktop Check Deposit
10/14 2,962.63 Desktop Check Deposit
10/17 500.00 Desktop Check Deposit
10/17 3,173.04 ZBA Balance Account Transfer From 4159281427 10/18 4,758.01 Desktop Check Deposit
10/19 1,200.00 Desktop Check Deposit
10/20 58.81 ZBA Balance Account Transfer From 4159281427 10/21 1,878.49 Desktop Check Deposit
10/24 1,000.00 Desktop Check Deposit
10/25 3,675.95 Desktop Check Deposit
10/25 4,005.82 ZBA Balance Account Transfer From 4159281427 Sheet Seq = 0015725
Sheet 00001 of 00003
XXXXXXXXX
XXXXXXXXX
©2010 Wells Fargo Bank, N.A.
All rights reserved. Member FDIC.
Account number: 4121929244 October 1, 2022 - October 31, 2022 Page 2 of 3 Electronic deposits/bank credits (continued)
Effective
date
Posted
date Amount
Transaction detail
10/26 637.72 ZBA Balance Account Transfer From 4159281427 10/31 8,994.34 ZBA Balance Account Transfer From 4159281427 $241,225.75 Total electronic deposits/bank credits
$241,225.75 Total credits
Debits
Electronic debits/bank debits
Effective
date
Posted
date Amount
Transaction detail
10/04 7.63 ZBA Balance Account Transfer to 4159281427
10/05 32,192.01 ZBA Balance Account Transfer to 4159281427 10/06 69,758.50 ZBA Balance Account Transfer to 4159281427 10/11 63,160.43 ZBA Balance Account Transfer to 4159281427 10/13 1,000.00 Deposited Item Retn Unpaid - Paper 221013 10/13 6,188.74 ZBA Balance Account Transfer to 4159281427 10/14 2,962.63 ZBA Balance Account Transfer to 4159281427 10/18 4,758.01 ZBA Balance Account Transfer to 4159281427 10/19 1,200.00 ZBA Balance Account Transfer to 4159281427 10/21 1,878.49 ZBA Balance Account Transfer to 4159281427 10/24 1,000.00 ZBA Balance Account Transfer to 4159281427 $184,106.44 Total electronic debits/bank debits
Checks paid
Number Amount Date Number Amount Date Number Amount Date 8060 7,827.97 10/04
8061 1,331.00 10/03
8062 872.36 10/03
8063 38.94 10/04
8064 89.18 10/05
8065 3,673.04 10/17
8066 750.53 10/12
8067 4,382.83 10/11
8068 1,093.76 10/12
8069 8,809.40 10/12
8070 5,813.09 10/13
8071 5,064.57 10/11
8072 58.81 10/20
8073 8,929.24 10/31
8074 637.72 10/26
8075 7,681.77 10/25
8086 * 65.10 10/31
$57,119.31 Total checks paid
* Gap in check sequence.
$241,225.75 Total debits
Daily ledger balance summary
Date Balance Date Balance Date Balance
09/30 0.00
10/03 0.00
10/04 0.00
10/05 0.00
10/06 0.00
10/11 0.00
10/12 0.00
10/13 0.00
10/14 0.00
10/17 0.00
10/18 0.00
10/19 0.00
Sheet Seq = 0015726
Sheet 00002 of 00003
XXXXXXXXX
©2010 Wells Fargo Bank, N.A.
All rights reserved. Member FDIC.
Account number: 4121929244 October 1, 2022 - October 31, 2022 Page 3 of 3 Daily ledger balance summary (continued)
Date Balance Date Balance Date Balance
10/20 0.00
10/21 0.00
10/24 0.00
10/25 0.00
10/26 0.00
10/31 0.00
Average daily ledger balance $0.00
Sheet Seq = 0015727
Sheet 00003 of 00003
XXXXXXXXX
Choice IV-Public Funds {NIB}
Account number: 4159281401 October 1, 2022 - October 31, 2022 Page 1 of 2 Prior account number: 145098007
©2010 Wells Fargo Bank, N.A.
All rights reserved. Member FDIC.
(182)
Questions?
Call your Customer Service Officer or Client Services
1-800-AT WELLS (1-800-289-3557)
5:00 AM TO 6:00 PM Pacific Time Monday - Friday
Online: wellsfargo.com
Write: Wells Fargo Bank, N.A. (182)
PO Box 63020
San Francisco, CA 94163
CITY OF BELL
PAYROLL ACCOUNT
ATTN CITY TREASURER
6330 PINE AVE
BELL CA 90201-1221
Account summary
Choice IV-Public Funds {NIB}
Account number Beginning balance Total credits Total debits Ending balance 4159281401 $0.00 $698,219.06 -$698,219.06 $0.00
Credits
Electronic deposits/bank credits
Effective
date
Posted
date Amount
Transaction detail
10/03 7,851.29 ZBA Balance Account Transfer From 4159281427 10/07 1,218.33 ZBA Balance Account Transfer From 4159281427 10/11 456.68 ZBA Balance Account Transfer From 4159281427 10/13 248,260.83 ZBA Balance Account Transfer From 4159281427 10/17 93,972.87 ZBA Balance Account Transfer From 4159281427 10/18 7,148.51 ZBA Balance Account Transfer From 4159281427 10/24 393.80 ZBA Balance Account Transfer From 4159281427 10/27 242,630.75 ZBA Balance Account Transfer From 4159281427 10/28 94,729.42 ZBA Balance Account Transfer From 4159281427 10/31 1,556.58 ZBA Balance Account Transfer From 4159281427 $698,219.06 Total electronic deposits/bank credits
$698,219.06 Total credits
Debits
Electronic debits/bank debits
Effective
date
Posted
date Amount
Transaction detail
10/03 7,148.51 < Business to Business ACH Debit - Voya NAT Trst182 Spnsr P/R 220930 664486 0001 City of Bell
10/13 248,260.83 ACH Prep Origintn - City of Bell Pay - File 1956000677 Coid 1956000677 10/17 16,288.39 < Business to Business ACH Debit - Employment Devel EDD Eftpmt 80097165 Txp*80097165*01102*221014*T*000*T*1628839*T*16288
10/17 77,062.25 < Business to Business ACH Debit - IRS Usataxpymt 101722 270269041479270 City of Bell
Sheet Seq = 0018890
Sheet 00001 of 00002
XXXXXXXXX
XXXXXXXX
XXXXXXXXX
©2010 Wells Fargo Bank, N.A.
All rights reserved. Member FDIC.
Account number: 4159281401 October 1, 2022 - October 31, 2022 Page 2 of 2 Prior account number: 145098007
Electronic debits/bank debits (continued)
Effective
date
Posted
date Amount
Transaction detail
10/18 7,148.51 < Business to Business ACH Debit - Voya NAT Trst182 Spnsr P/R 221017 664486 0001 City of Bell
10/27 593.49 WT Fed#02166 Jpmorgan Chase Ban /Ftr/Bnf=NEW York Life Insurance Srf# Gw00000054265107 Trn#221027120081 Rfb# 2745
10/27 242,037.26 ACH Prep Origintn - City of Bell Pay - File 1956000677 Coid 1956000677 10/28 7,098.51 < Business to Business ACH Debit - Voya NAT Trst182 Spnsr P/R 221027 664486 0001 City of Bell
10/28 15,262.77 < Business to Business ACH Debit - Employment Devel EDD Eftpmt 80097165 Txp*80097165*01102*221028*T*000*T*1526277*T*15262
10/28 71,681.20 < Business to Business ACH Debit - IRS Usataxpymt 102822 270270150654559 City of Bell
$692,581.72 Total electronic debits/bank debits
< Business to Business ACH: If this is a business account, this transaction has a return time frame of one business day from post date. This time frame does not apply to consumer accounts.
Checks paid
Number Amount Date Number Amount Date Number Amount Date 40795 1,218.33 10/07
40796 435.88 10/03
40797 266.90 10/03
40798 456.68 10/11
40800 * 686.94 10/28
40801 622.23 10/17
40802 393.80 10/24
40803 346.48 10/31
40808 * 429.90 10/31
40810 * 219.00 10/31
40811 277.18 10/31
40812 284.02 10/31
$5,637.34 Total checks paid
* Gap in check sequence.
$698,219.06 Total debits
Daily ledger balance summary
Date Balance Date Balance Date Balance
09/30 0.00
10/03 0.00
10/07 0.00
10/11 0.00
10/13 0.00
10/17 0.00
10/18 0.00
10/24 0.00
10/27 0.00
10/28 0.00
10/31 0.00
Average daily ledger balance $0.00
Sheet Seq = 0018891
Sheet 00002 of 00002
XXXXXXXXX
XXXXXXXX
Choice IV-Public Funds {NIB}
Account number: 4159804517 October 1, 2022 - October 31, 2022 Page 1 of 2 Prior account number: 145701262
©2010 Wells Fargo Bank, N.A.
All rights reserved. Member FDIC.
(182)
Questions?
Call your Customer Service Officer or Client Services
1-800-AT WELLS (1-800-289-3557)
5:00 AM TO 6:00 PM Pacific Time Monday - Friday
Online: wellsfargo.com
Write: Wells Fargo Bank, N.A. (182)
PO Box 63020
San Francisco, CA 94163
CITY OF BELL
WORKERS COMPENSATION
ATTN CITY TREASURER
6330 PINE AVE
BELL CA 90201-1221
Account summary
Choice IV-Public Funds {NIB}
Account number Beginning balance Total credits Total debits Ending balance 4159804517 $59,744.79 $28,351.28 -$29,620.41 $58,475.66 Credits
Deposits
Effective
date
Posted
date Amount
Transaction detail
09/30 10/03 601.20 Reversal of Check Posted 9-30-22 Refer to Maker Our Ref: 9-30-22 00000000 09/30 10/03 16.41 Reversal of Check Posted 9-30-22 Refer to Maker Our Ref: 9-30-22 00000000 $617.61 Total deposits
Electronic deposits/bank credits
Effective
date
Posted
date Amount
Transaction detail
10/11 5,303.35 WT Seq453246 City of Bell /Org=City of Bell Srf# Gb00000053906917 Trn#221011453246 Rfb# 2740
10/11 11,251.10 WT Seq453580 City of Bell /Org=City of Bell Srf# Gb00000053908941 Trn#221011453580 Rfb# 2741
10/24 5,346.38 WT Seq454778 City of Bell /Org=City of Bell Srf# Gb00000054185183 Trn#221024454778 Rfb# 2744
10/24 5,832.84 WT Seq452618 City of Bell /Org=City of Bell Srf# Gb00000054175976 Trn#221024452618 Rfb# 2743
$27,733.67 Total electronic deposits/bank credits
$28,351.28 Total credits
Debits
Checks paid
Number Amount Date Number Amount Date Number Amount Date 16322 184.50 10/11
16334 * 229.48 10/05
16339 * 305.10 10/05
16342 * 1,869.02 10/03
16344 * 254.66 10/03
16345 580.00 10/18
Sheet Seq = 0013808
Sheet 00001 of 00002
XXXXXXXXX
XXXXXXXX
©2010 Wells Fargo Bank, N.A.
All rights reserved. Member FDIC.
Account number: 4159804517 October 1, 2022 - October 31, 2022 Page 2 of 2 Prior account number: 145701262
Checks paid (continued)
Number Amount Date Number Amount Date Number Amount Date 16347 * 350.87 10/03
16348 200.90 10/03
16349 291.39 10/03
16350 115.59 10/03
16351 148.67 10/03
16352 148.67 10/03
16353 1,097.95 10/12
16356 * 168.84 10/05
16357 268.15 10/05
16358 168.84 10/05
16359 291.01 10/05
16360 200.90 10/05
16361 172.82 10/05
16362 347.42 10/03
16363 35.91 10/05
16364 168.84 10/06
16365 3,706.50 10/11
16366 13.66 10/11
16367 121.91 10/06
16368 580.00 10/11
16369 172.98 10/25
16370 422.60 10/25
16371 24.37 10/11
16372 56.58 10/18
16374 * 56.67 10/11
16375 1,255.12 10/13
16376 1,045.00 10/21
16377 112.93 10/14
16378 26.90 10/12
16379 603.48 10/13
16380 14.13 10/13
16381 8.52 10/17
16382 28.48 10/14
16383 580.00 10/18
16384 254.66 10/18
16385 1,334.41 10/25
16386 328.04 10/17
16387 327.05 10/21
16388 163.57 10/21
16389 163.57 10/21
16390 163.57 10/21
16391 200.90 10/21
16392 182.64 10/19
16393 928.00 10/24
16394 36.16 10/20
16395 580.00 10/24
16396 342.13 10/24
16397 146.57 10/24
16398 156.50 10/25
16399 158.12 10/25
16400 208.19 10/25
16401 200.90 10/25
16402 25.66 10/25
16404 * 261.02 10/24
16405 2,142.50 10/27
16406 173.79 10/25
16408 * 172.98 10/28
16409 366.63 10/26
16411 * 369.03 10/28
16412 148.67 10/28
16413 169.99 10/28
16414 112.93 10/28
16415 335.62 10/26
16419 * 262.66 10/31
16421 * 521.67 10/31
16422 179.08 10/28
16423 2,073.84 10/31
$29,620.41 Total checks paid
* Gap in check sequence.
$29,620.41 Total debits
Daily ledger balance summary
Date Balance Date Balance Date Balance
09/30 59,744.79
10/03 56,635.21
10/05 54,794.16
10/06 54,503.41
10/11 66,492.16
10/12 65,367.31
10/13 63,494.58
10/14 63,353.17
10/17 63,016.61
10/18 61,545.37
10/19 61,362.73
10/20 61,326.57
10/21 59,262.91
10/24 68,184.41
10/25 65,331.26
10/26 64,629.01
10/27 62,486.51
10/28 61,333.83
10/31 58,475.66
Average daily ledger balance $60,479.62
Sheet Seq = 0013809
Sheet 00002 of 00002
XXXXXXXXX
XXXXXXXX
/i255 /i255 /i255/1 /2 /3 /4 /5 /i255 /6 /7 /8 /9 /3 /10 /i255 /11 /9 /12 /8 /13 /14/15/8/9 /14 /i255 /16 /17 /9 /18 /i255/i255 /i255 /i255/19 /20 /21 /20 /i255 /22 /2 /23 /i255 /24 /25 /26 /27/28 /24/i255 /i255 /i255 /i255/29 /4 /3 /30 /4/15/8/9 /14 /2 /31 /i255 /32/6 /i255 /24 /25 /26 /28 /24 /33 /28 /28 /28 /34/i255 /i255 /i255 /i255/35 /24 /34 /36 /37 /i255 /36 /38 /39 /33 /39 /28 /28/34 /i255 /i255 /i255 /i255 /40 /2 /12 /8/15/41/8 /30 /i255 /28 /34 /31 /i255 /26 /28 /26 /26 /i255 /1 /6 /11 /16 /i255 /42 /2/15/8/i255
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/59 /55/60/61/62 /63
/79/62/61
/78 /54 /56 /69 /70 /63 /60
/59 /55/60/61/62/63/52 /55 /57 /80 /54 /63 /70 /81 /62 /82 /i255 /78 /73 /83 /83 /62/63/52 /60/54/55 /56 /57 /34 /28 /84 /34 /34 /84 /26 /28 /26 /26/34 /28 /84 /34 /28 /84 /26 /28 /26/26/49/85/34/86 /34 /25 /26 /34 /24/34 /36 /86 /25 /38 /25 /39/48 /1 /11 /29 /6 /i255 /87 /49 /6 /47 /11/1/33 /34 /31 /86 /28 /28 /31 /28/28 /28 /20 /28 /28 /34 /28 /84 /34 /25 /84 /26 /28 /26 /26/34 /28 /84 /34 /39 /84 /26 /28 /26/26/88/49/66/34/86 /34 /36 /26 /86 /26/40 /84 /6 /29 /45 /29 /47 /48/43/86 /24 /31 /34/24 /34 /20 /27 /34 /52 /53 /53 /54 /55 /56 /57 /i255 /89 /55 /60/60/73/63 /76 /47 /2 /14 /4 /5 /i255 /66 /8 /65 /2 /13 /46 /14/90 /86 /24 /31 /34 /24 /34 /20 /27 /34/i255/22 /8 /7 /46 /9 /9 /46 /9 /7 /i255 /22 /4 /5 /4 /9 /3 /8 /90/26 /28 /31 /86 /36 /24 /31 /39/36 /27 /20 /26 /36 /47 /2 /14 /4 /5 /i255/85/46/14 /44 /18 /30 /4/91 /4 /5 /90 /33 /34 /31 /86 /28 /28 /31 /28 /28 /28 /20 /28 /28/48 /9 /18 /46 /9 /7 /i255 /22 /4 /5 /4 /9 /3 /8 /90/34 /24 /31 /34 /25 /27 /31 /38/36 /28 /20 /28 /86 XXXXXX
October 1.772
September 1.513
August 1.276
0.00003699565555327
0.980760962
LAIF Earnings Ratio(2):
LAIF Fair Value Factor(1):
PMIA Daily(1): 1.63%
1.35LAIF Apportionment Rate(2):
PMIA Quarter to Date(1): 1.29%
304PMIA Average Life(1):
Treasuries
66.57%
Agencies
19.19%
Certificates of
Deposit/Bank Notes
6.51%
Time
Deposits
2.30%
Commercial
Paper
5.02%
Corporate
Bonds
0.24%
Loans
0.17%
Notes: The apportionment rate includes interest earned on the CalPERS Supplemental Pension Payment pursuant to Government Code 20825 (c)(1) and interest earned on the Wildfire Fund loan pursuant to Public Utility Code 3288 (a).
Source:
(1) State of California, Office of the Treasurer
(2) State of Calfiornia, Office of the Controller
PMIA Average Monthly
Effective Yields(1)
PMIA/LAIF Performance Report
as of 11/16/22
Daily rates are now available here. View PMIA Daily Rates Quarterly Performance
Quarter Ended 09/30/22
Chart does not include $3,715,000.00 in mortgages, which equates to 0.002%. Percentages may not total 100% due to rounding.
Pooled Money Investment Account
Monthly Portfolio Composition (1)
10/31/22
$215.3 billion
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/19/43/11/6 /i255 /6 /12 /8 /30 /4 /7 /8 /i255/43/2/9 /14 /44 /5 /10 /45 /46 /8 /5 /18 /13
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XXXXXXX
Choice IV-Public Funds {NIB}
Account number: 4159281450 October 1, 2022 - October 31, 2022 Page 1 of 1 Prior account number: 145998008
©2010 Wells Fargo Bank, N.A.
All rights reserved. Member FDIC.
(182)
Questions?
Call your Customer Service Officer or Client Services
1-800-AT WELLS (1-800-289-3557)
5:00 AM TO 6:00 PM Pacific Time Monday - Friday
Online: wellsfargo.com
Write: Wells Fargo Bank, N.A. (182)
PO Box 63020
San Francisco, CA 94163
CITY OF BELL
SUCCESSOR AGENCY
ATTN CITY TREASURER
6330 PINE AVE
BELL CA 90201-1221
Account summary
Choice IV-Public Funds {NIB}
Account number Beginning balance Total credits Total debits Ending balance 4159281450 $281,190.09 $0.00 -$3,377.23 $277,812.86
Debits
Checks paid
Number Amount Date Number Amount Date
6031 3,359.60 10/12 6032 17.63 10/20
$3,377.23 Total checks paid
$3,377.23 Total debits
Daily ledger balance summary
Date Balance Date Balance Date Balance
09/30 281,190.09 10/12 277,830.49 10/20 277,812.86
Average daily ledger balance $279,015.78
Sheet Seq = 0018900
Sheet 00001 of 00001
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XXXXXXXX
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MONTHLY ACCOUNT STATEMENT
City of Bell - Account #10531
OCTOBER 1, 2022 THROUGH OCTOBER 31, 2022
Information contained herein is confidential. We urge you to compare this statement to the one you receive from your qualified custodian. Please see Important Disclosures.
CHANDLER ASSET MANAGEMENT
chandlerasset.com
Chandler Team:
For questions about your account, please call (800) 317-4747, or contact [email protected]
Custodian
US Bank
Alexander Bazan
(503) 402-5305
XXXXX
ACCOUNT SUMMARY
Beg. Values
as of 9/30/22
End Values
as of 10/31/22
Market Value 10,331,217 10,306,269
Accrued Interest 31,863 43,267
Total Market Value 10,363,079 10,349,536
Income Earned 12,047 13,362
Cont/WD -1,086
Par 10,785,986 10,785,884
Book Value 10,811,732 10,808,530
Cost Value 10,887,688 10,886,596
TOP ISSUERS
Government of United States 34.8%
Federal Home Loan Mortgage Corp 10.7%
Federal Home Loan Bank 8.8%
Federal National Mortgage Assoc 7.1%
Federal Farm Credit Bank 2.6%
Intl Bank Recon and Development 2.4%
John Deere ABS 1.9%
Bank of New York 1.7%
Total 70.1%
PORTFOLIO CHARACTERISTICS
Average Modified Duration 1.68
Average Coupon 1.79%
Average Purchase YTM 1.53%
Average Market YTM 4.73%
Average S&P/Moody Rating AA/Aa1
Average Final Maturity 1.94 yrs
Average Life 1.78 yrs
CREDIT QUALITY (S&P)
MATURITY DISTRIBUTION
SECTOR ALLOCATION
Portfolio Summary
As of October 31, 2022
City of Bell
Account #10531
PERFORMANCE REVIEW
Annualized
TOTAL RATE OF RETURN 1M 3M YTD 1YR 2YRS 3YRS 5YRS 10YRS 6/30/2017 City of Bell -0.12% -1.71% -3.90% -4.07% -2.12% -0.30% 0.78% N/A 0.77% ICE BofA 1-3 Yr US Treasury & Agency Index -0.10% -1.99% -4.45% -4.67% -2.47% -0.63% 0.57% N/A 0.56% Execution Time: 11/1/2022 9:37:22 PMChandler Asset Management - CONFIDENTIAL Page 1 XXXXX
Category Standard Comment
Treasury Issues No limitation; Full faith and credit of the U.S. are pledged for the payment of principal and interest Complies Federal Agencies 25% max per Agency/GSE issuer; Federal agencies or U.S. government-sponsored enterprises Complies Supranationals
"AA" rating category or higher by a Nationally Recognized Statistical Rating Organization ("NRSRO"); 30% maximum; 10% max per issuer; USD denominated senior unsecured unsubordinated obligations; Issued or unconditionally guaranteed by International Bank for Reconstruction and Development (IBRD), International Finance Corporation (IFC), or Inter-American Development Bank (IADB)
Complies
Municipal Issues
"A" rating category or better by a NRSRO; 30% maximum; 5% max per issuer; Obligations of the City, State of California, local agency within the state of California, and any of the other 49 states in addition to California; Including bonds payable solely out of the revenues from a revenue-producing property owned, controlled, or operated by a state or by a department, board, agency, or authority of any of the other 49 states, in addition to California.
Complies
Time Deposit (TD)/Certificate of Deposit
(CD)
20% maximum (combination of FDIC and Collateralized TDs/ CDs); Amount per institution is limited to maximum covered under FDIC; Non-negotiable Certificates of Deposit in excess of insured amounts which are fully collateralized with securities in accordance with California law.
Complies
Negotiable Certificates of Deposit (NCD)
No rating required if amount of the NCD is covered by FDIC insured limit; If above FDIC insured limit, requires "A-1" or better short-term rating by a NRSRO; or "A" long-term rating category or higher by a NRSRO; 30% maximum (combined with CDARS); 5% max per issuer
Complies
Banker’s Acceptances "A-1" or better short term rating by a NRSRO; or "A" or better long-term debt rating category by a NRSRO; 40% maximum; 5% max per issuer ; 180 days max maturity Complies
Commercial Paper
"A-1" rated or better by a NRSRO; "A" rated or better long-term debt issuer by a NRSRO; 25% maximum; 5% max per issuer; 10% max of the outstanding commercial paper of any single issuer; 270 days max maturity; Issuer is a corporation organized and operating within the U.S. with asset > $ 500 million Complies
Corporate Medium Term Notes "A" rating category or higher by a NRSRO; 30% maximum; 5% max per issuer; Issued by corporations organized and operating within the U.S. or by depository institutions licensed by the U.S. or any state and operating within the U.S. Complies Asset-Backed, Mortgage-Backed,
Mortgage Pass-Through Securities,
Collateralized Mortgage Obligations
"AA" rating category or better by a NRSRO; 20% maximum (combined ABS/MBS/CMO); 5% max per single Asset-backed or Commercial Mortgage security issuer; There is no issuer limitation on any Mortgage security where the issuer is US Treasury or Federal Agency/GSE; From Issuers not defined in sections 3 (U.S. Treasuries) and 4 (Federal Agencies) of the Authorized Investments section of the policy.
Complies
Mutual Funds and Money Market Mutual
Funds
Highest rating or AAA rated by two NRSROs or SEC registered with AUM >$500 million; 10% max per one Mutual Fund; 20% maximum in Money Market Mutual Funds; 20% maximum combined Mutual Funds and Money Market Mutual Funds Complies Local Agency Investment Fund (LAIF) Max amount permitted by LAIF; Not used by Investment Adviser Complies Local Government Investment Pools Other LGIPS permitted Complies Repurchase Agreements 1 year max maturity; 102% collateralized; Not used by Investment Adviser Complies Prohibited
Inverse floaters; Ranges notes, Mortgage derived Interest-only strips; Zero interest accrual securities if held to maturity; Purchasing or selling securities on margin; Reverse Repurchase Agreements; Securities Lending; Foreign currency denominated securities
Complies
City of Bell
As of October 31, 2022
Assets managed by Chandler Asset Management are in full compliance with state law and the Client's investment policy.
Statement of Compliance
Max Callables 20% max of callable securities (does not include "make whole call") Complies Max per Issuer 5% of portfolio in securities issued by any single issuer, unless otherwise specified in the policy Complies Modified duration +/- 20% of market benchmark duration Complies Maximum maturity 5 years Complies
BOOK VALUE RECONCILIATION
BEGINNING BOOK VALUE $10,811,732.21
Acquisition
+ Security Purchases $294,275.76
+ Money Market Fund Purchases $48,253.86
+ Money Market Contributions $0.00
+ Security Contributions $0.00
+ Security Transfers $0.00
Total Acquisitions $342,529.62
Dispositions
- Security Sales $215,952.34
- Money Market Fund Sales $79,100.83
- MMF Withdrawals $1,086.07
- Security Withdrawals $0.00
- Security Transfers $0.00
- Other Dispositions $0.00
- Maturites $0.00
- Calls $0.00
- Principal Paydowns $43,168.33
Total Dispositions $339,307.57
Amortization/Accretion
+/- Net Accretion ($2,350.30)
($2,350.30)
Gain/Loss on Dispositions
+/- Realized Gain/Loss ($4,074.26)
($4,074.26)
ENDING BOOK VALUE $10,808,529.70
CASH TRANSACTION SUMMARY
BEGINNING BALANCE $41,175.67
Acquisition
Contributions $0.00
Security Sale Proceeds $215,952.34
Accrued Interest Received $18.13
Interest Received $4,706.06
Dividend Received $379.47
Principal on Maturities $0.00
Interest on Maturities $0.00
Calls/Redemption (Principal) $0.00
Interest from Calls/Redemption $0.00
Principal Paydown $43,168.33
Total Acquisitions $264,224.33
Dispositions
Withdrawals $1,086.07
Security Purchase $294,275.76
Accrued Interest Paid $795.54
Total Dispositions $296,157.37
ENDING BOOK VALUE $9,242.63
Reconciliation Summary
As of October 31, 2022
City of Bell
Account #10531
Execution Time: 11/1/2022 9:37:22 PMChandler Asset Management - CONFIDENTIAL Page 3 XXXXX
Holdings Report
As of October 31, 2022
City of Bell
Account #10531
CUSIP Security Description Par Value/Units Purchase Date Book Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.
Gain/Loss
Moody/S&P
Fitch
Maturity
Duration
ABS
43815NAC8 Honda Auto Receivables Trust 2019-3
A3
1.78% Due 8/15/2023
1,979.59 08/20/2019
1.79%
1,979.57
1,979.59
99.89 4.78%
1,977.49
1.57 0.02%
(2.10)
Aaa / AAA
NR
0.79 0.04
92348AAA3 Verizon Owner Trust 2019-C A1A
1.94% Due 4/22/2024
5,991.57 10/01/2019
1.95%
5,991.11
5,991.42
99.64 4.59%
5,970.20
3.55 0.06%
(21.22)
NR / AAA
AAA
1.48 0.13
89232HAC9 Toyota Auto Receivable Own 2020-A A3
1.66% Due 5/15/2024
42,224.02 07/06/2020
0.70%
43,154.27
42,594.93
99.28 4.64%
41,918.61
31.15 0.41%
(676.32)
Aaa / AAA
NR
1.54 0.24
65479JAD5 Nissan Auto Receivables Owner 2019-C
A3
1.93% Due 7/15/2024
14,815.46 10/16/2019
1.94%
14,814.67
14,815.18
99.53 4.54%
14,745.53
12.71 0.14%
(69.65)
Aaa / AAA
NR
1.71 0.18
47789KAC7 John Deere Owner Trust 2020-A A3
1.1% Due 8/15/2024
17,395.19 03/04/2020
1.11%
17,394.14
17,394.77
98.94 4.68%
17,210.30
8.50 0.17%
(184.47)
Aaa / NR
AAA
1.79 0.30
43813KAC6 Honda Auto Receivables Trust 2020-3
A3
0.37% Due 10/18/2024
33,220.29 09/22/2020
0.38%
33,215.41
33,218.66
97.67 5.08%
32,445.06
4.44 0.31%
(773.60)
NR / AAA
AAA
1.97 0.49
47787NAC3 John Deere Owner Trust 2020-B A3
0.51% Due 11/15/2024
11,670.51 07/14/2020
0.52%
11,668.73
11,669.89
98.01 5.32%
11,438.57
2.65 0.11%
(231.32)
Aaa / NR
AAA
2.04 0.41
58769KAD6 Mercedes-Benz Auto Lease Trust 2021-
B A3
0.4% Due 11/15/2024
50,000.00 06/22/2021
0.40%
49,996.23
49,998.22
96.29 5.51%
48,144.95
8.89 0.47%
(1,853.27)
NR / AAA
AAA
2.04 0.73
09690AAC7 BMW Vehicle Lease Trust 2021-2 A3
0.33% Due 12/26/2024
35,000.00 09/08/2021
0.34%
34,996.39
34,998.18
96.93 5.38%
33,924.24
1.93 0.33%
(1,073.94)
Aaa / NR
AAA
2.16 0.61
89236XAC0 Toyota Auto Receivables 2020-D A3
0.35% Due 1/15/2025
26,040.50 10/06/2020
0.36%
26,035.64
26,037.98
98.20 4.48%
25,571.54
4.05 0.25%
(466.44)
NR / AAA
AAA
2.21 0.43
92290BAA9 Verizon Owner Trust 2020-B A
0.47% Due 2/20/2025
60,932.42 08/04/2020
0.48%
60,919.63
60,925.91
98.35 4.68%
59,924.90
8.75 0.58%
(1,001.01)
Aaa / NR
AAA
2.31 0.39
05601XAC3 BMW Vehicle Lease Trust 2022-1 A3
1.1% Due 3/25/2025
35,000.00 01/11/2022
1.11%
34,994.77
34,996.65
95.87 5.52%
33,552.75
6.42 0.32%
(1,443.90)
NR / AAA
AAA
2.40 0.94
43813GAC5 Honda Auto Receivables Trust 2021-1
A3
0.27% Due 4/21/2025
20,255.20 02/17/2021
0.27%
20,254.83
20,255.03
96.91 5.40%
19,630.12
1.52 0.19%
(624.91)
Aaa / NR
AAA
2.47 0.60
44891RAC4 Hyundai Auto Receivables Trust 2020-C
A3
0.38% Due 5/15/2025
40,777.70 10/20/2020
0.39%
40,768.30
40,774.03
97.04 5.75%
39,569.21
6.89 0.38%
(1,204.82)
NR / AAA
AAA
2.54 0.55
Execution Time: 11/1/2022 9:37:22 PMChandler Asset Management - CONFIDENTIAL Page 4 XXXXX
Holdings Report
As of October 31, 2022
City of Bell
Account #10531
CUSIP Security Description Par Value/Units Purchase Date Book Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.
Gain/Loss
Moody/S&P
Fitch
Maturity
Duration
ABS
89240BAC2 Toyota Auto Receivables Owners 2021-
A A3
0.26% Due 5/15/2025
59,227.23 02/02/2021
0.27%
59,216.23
59,222.37
97.17 4.91%
57,550.86
6.84 0.56%
(1,671.51)
Aaa / NR
AAA
2.54 0.61
36266FAC3 GM Financial Auto Lease Trust 2022-2
A3
3.42% Due 6/20/2025
55,000.00 05/03/2022
3.45%
54,994.26
54,995.51
97.33 5.39%
53,531.45
57.48 0.52%
(1,464.06)
NR / AAA
AAA
2.64 1.38
47788UAC6 John Deere Owner Trust 2021-A A3
0.36% Due 9/15/2025
40,000.00 03/02/2021
0.37%
39,992.31
39,995.82
95.74 5.80%
38,295.40
6.40 0.37%
(1,700.42)
Aaa / NR
AAA
2.88 0.78
43815GAC3 Honda Auto Receivables Trust 2021-4
A3
0.88% Due 1/21/2026
35,000.00 11/16/2021
0.89%
34,992.62
34,994.75
94.28 5.08%
32,998.28
8.56 0.32%
(1,996.47)
Aaa / NR
AAA
3.23 1.38
47789QAC4 John Deere Owner Trust 2021-B A3
0.52% Due 3/16/2026
45,000.00 07/13/2021
0.52%
44,995.99
44,997.40
94.20 5.19%
42,391.04
10.40 0.41%
(2,606.36)
Aaa / NR
AAA
3.38 1.26
44935FAD6 Hyundai Auto Receivables Trust 2021-C
A3
0.74% Due 5/15/2026
25,000.00 11/09/2021
0.75%
24,994.42
24,996.11
93.95 5.38%
23,487.25
8.22 0.23%
(1,508.86)
NR / AAA
AAA
3.54 1.32
43815BAC4 Honda Auto Receivables Trust 2022-1
A3
1.88% Due 5/15/2026
55,000.00 02/15/2022
1.89%
54,991.73
54,993.49
94.65 5.10%
52,055.63
45.96 0.50%
(2,937.86)
Aaa / AAA
NR
3.54 1.69
43815PAC3 Honda Auto Receivables 2022-2 A3
3.73% Due 7/20/2026
35,000.00 08/15/2022
3.76%
34,997.91
34,998.04
97.23 5.13%
34,031.90
47.14 0.33%
(966.14)
NR / AAA
AAA
3.72 2.04
362554AC1 GM Financial Securitized Term 2021-4
A3
0.68% Due 9/16/2026
25,000.00 10/13/2021
0.68%
24,999.36
24,999.55
93.59 5.62%
23,397.35
7.08 0.23%
(1,602.20)
Aaa / AAA
NR
3.88 1.32
47787JAC2 John Deere Owner Trust 2022-A A3
2.32% Due 9/16/2026
45,000.00 03/10/2022
2.34%
44,990.05
44,991.84
95.04 5.35%
42,768.45
46.40 0.41%
(2,223.39)
Aaa / NR
AAA
3.88 1.67
380146AC4 GM Financial Auto Receivables 2022-1
A3
1.26% Due 11/16/2026
25,000.00 01/11/2022
1.27%
24,997.83
24,998.34
94.76 5.03%
23,689.50
13.13 0.23%
(1,308.84)
NR / AAA
AAA
4.05 1.41
47800AAC4 John Deere Owner Trust 2022-B A3
3.74% Due 2/16/2027
45,000.00 07/12/2022
3.77%
44,995.70
44,996.04
97.17 4.99%
43,727.94
74.80 0.42%
(1,268.10)
Aaa / NR
AAA
4.30 2.34
36265WAD5 GM Financial Securitized Auto 2022-3
A3
3.64% Due 4/16/2027
30,000.00 07/06/2022
3.67%
29,999.79
29,999.81
96.75 5.40%
29,024.25
45.50 0.28%
(975.56)
Aaa / NR
AAA
4.46 1.90
Execution Time: 11/1/2022 9:37:22 PMChandler Asset Management - CONFIDENTIAL Page 5 XXXXX
Holdings Report
As of October 31, 2022
City of Bell
Account #10531
CUSIP Security Description Par Value/Units Purchase Date Book Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.
Gain/Loss
Moody/S&P
Fitch
Maturity
Duration
Total ABS 914,529.68 1.32%
915,341.89
914,829.51 5.17%
882,972.77
480.93
8.54%
(31,856.74)
Aaa / AAA
AAA
2.86 1.04
AGENCY
3133ELNW0 FFCB Note
1.45% Due 2/21/2023
200,000.00 02/19/2020
1.44%
200,040.96
200,004.19
99.07 4.51%
198,146.80
563.89
1.92%
(1,857.39)
Aaa / AA+
AAA
0.31 0.30
3130ADRG9 FHLB Note
2.75% Due 3/10/2023
225,000.00 01/16/2019
2.71%
225,355.50
225,030.31
99.39 4.46%
223,632.23
876.56
2.17%
(1,398.08)
Aaa / AA+
NR
0.36 0.35
3137EAER6 FHLMC Note
0.375% Due 5/5/2023
200,000.00 05/05/2020
0.39%
199,916.00
199,985.78
97.87 4.63%
195,745.00
366.67
1.89%
(4,240.78)
Aaa / AA+
AAA
0.51 0.50
3135G04Q3 FNMA Note
0.25% Due 5/22/2023
160,000.00 05/20/2020
0.35%
159,518.40
159,911.16
97.63 4.60%
156,204.96
176.67
1.51%
(3,706.20)
Aaa / AA+
AAA
0.56 0.55
3135G05G4 FNMA Note
0.25% Due 7/10/2023
165,000.00 07/08/2020
0.32%
164,645.25
164,918.68
97.02 4.68%
160,083.50
127.19
1.55%
(4,835.18)
Aaa / AA+
AAA
0.69 0.68
3135G0U43 FNMA Note
2.875% Due 9/12/2023
225,000.00 09/25/2019
1.63%
235,737.00
227,337.36
98.44 4.73%
221,491.13
880.47
2.15%
(5,846.23)
Aaa / AA+
AAA
0.87 0.84
3137EAEY1 FHLMC Note
0.125% Due 10/16/2023
150,000.00 10/14/2020
0.25%
149,440.50
149,821.68
95.67 4.80%
143,509.95
7.81 1.39%
(6,311.73)
Aaa / AA+
AAA
0.96 0.94
3137EAEZ8 FHLMC Note
0.25% Due 11/6/2023
220,000.00 11/03/2020
0.28%
219,802.00
219,933.16
95.54 4.80%
210,197.90
267.36
2.03%
(9,735.26)
Aaa / AA+
AAA
1.02 0.99
3130A0F70 FHLB Note
3.375% Due 12/8/2023
225,000.00 08/19/2019
1.52%
242,329.50
229,434.41
98.49 4.79%
221,609.48
3,016.41
2.17%
(7,824.93)
Aaa / AA+
AAA
1.10 1.05
3130AB3H7 FHLB Note
2.375% Due 3/8/2024
225,000.00 06/14/2019
1.95%
229,304.25
226,229.43
96.90 4.77%
218,018.25
786.72
2.11%
(8,211.18)
Aaa / AA+
NR
1.35 1.30
3130A1XJ2 FHLB Note
2.875% Due 6/14/2024
250,000.00 03/24/2020
0.99%
269,372.50
257,424.87
97.09 4.76%
242,726.00
2,735.24
2.37%
(14,698.87)
Aaa / AA+
NR
1.62 1.54
3133ENKS8 FFCB Note
1.125% Due 1/6/2025
80,000.00 01/06/2022
1.20%
79,820.00
79,868.51
92.78 4.65%
74,222.40
287.50
0.72%
(5,646.11)
Aaa / AA+
AAA
2.19 2.10
3135G06G3 FNMA Note
0.5% Due 11/7/2025
225,000.00 11/18/2020
0.52%
224,768.25
224,859.21
88.82 4.50%
199,845.90
543.75
1.94%
(25,013.31)
Aaa / AA+
AAA
3.02 2.92
Total Agency 2,550,000.00 1.10%
2,600,050.11
2,564,758.75 4.67%
2,465,433.50
10,636.24
23.92%
(99,325.25)
Aaa / AA+
AAA
1.09 1.05
Execution Time: 11/1/2022 9:37:22 PMChandler Asset Management - CONFIDENTIAL Page 6 XXXXX
Holdings Report
As of October 31, 2022
City of Bell
Account #10531
CUSIP Security Description Par Value/Units Purchase Date Book Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.
Gain/Loss
Moody/S&P
Fitch
Maturity
Duration
CMO
3137B3NX2 FHLMC K031 A2
3.3% Due 4/25/2023
192,189.99 03/12/2019
2.70%
196,071.32
192,586.53
99.15 4.84%
190,548.30
105.70
1.84%
(2,038.23)
Aaa / NR
NR
0.48 0.42
3137B4GY6 FHLMC K032 A2
3.31% Due 5/25/2023
170,000.00 07/23/2019
2.21%
176,726.95
170,985.72
98.94 5.01%
168,205.82
93.78 1.63%
(2,779.90)
NR / NR
AAA
0.56 0.50
3137B5JM6 FHLMC K034 A2
3.531% Due 7/25/2023
199,921.93 08/28/2018
3.03%
204,162.46
200,552.44
98.85 5.06%
197,622.03
588.27
1.92%
(2,930.41)
NR / NR
AAA
0.73 0.61
Total CMO 562,111.92 2.67%
576,960.73
564,124.69 4.97%
556,376.15
787.75
5.38%
(7,748.54)
Aaa / NR
AAA
0.60 0.51
CORPORATE
89236TEL5 Toyota Motor Credit Corp Note
2.7% Due 1/11/2023
130,000.00 01/25/2019
3.22%
127,519.60
129,877.96
99.66 4.45%
129,552.41
1,072.50
1.26%
(325.55)
A1 / A+
A+
0.20 0.19
037833DE7 Apple Inc Callable Note Cont
12/13/2022
2.4% Due 1/13/2023
130,000.00 11/26/2018
3.50%
124,549.10
129,735.96
99.61 4.32%
129,496.90
936.00
1.26%
(239.06)
Aaa / AA+
NR
0.20 0.20
747525AR4 Qualcomm Inc Callable Note Cont
12/30/2022
2.6% Due 1/30/2023
135,000.00 02/11/2020
1.75%
138,195.45
135,179.38
99.47 4.71%
134,287.07
887.25
1.31%
(892.31)
A2 / A
NR
0.25 0.25
06406FAD5 Bank of NY Mellon Corp Callable Note
Cont 6/16/2023
2.2% Due 8/16/2023
125,000.00 04/11/2019
2.90%
121,436.25
124,352.05
98.06 4.72%
122,573.38
572.92
1.19%
(1,778.67)
A1 / A
AA-
0.79 0.77
24422EVN6 John Deere Capital Corp Note
0.45% Due 1/17/2024
95,000.00 03/01/2021
0.47%
94,932.55
94,971.58
94.89 4.84%
90,145.31
123.50
0.87%
(4,826.27)
A2 / A
A
1.21 1.18
594918BX1 Microsoft Callable Note Cont 12/6/2023
2.875% Due 2/6/2024
125,000.00 03/05/2020
1.06%
133,325.00
127,435.99
97.78 4.70%
122,221.00
848.52
1.19%
(5,214.99)
Aaa / AAA
AAA
1.27 1.21
89114QCB2 Toronto Dominion Bank Note
3.25% Due 3/11/2024
130,000.00 07/16/2019
2.49%
134,290.00
131,253.14
97.21 5.40%
126,367.80
586.81
1.23%
(4,885.34)
A1 / A
AA-
1.36 1.30
808513BN4 Charles Schwab Corp Callable Note
Cont 2/18/2024
0.75% Due 3/18/2024
160,000.00 Various
0.58%
160,733.00
160,348.98
94.33 5.06%
150,923.52
143.33
1.46%
(9,425.46)
A2 / A
A
1.38 1.34
023135BW5 Amazon.com Inc Note
0.45% Due 5/12/2024
85,000.00 05/10/2021
0.50%
84,875.90
84,936.82
93.76 4.73%
79,692.86
179.56
0.77%
(5,243.96)
A1 / AA
AA-
1.53 1.49
14913R2L0 Caterpillar Financial Service Note
0.45% Due 5/17/2024
135,000.00 05/10/2021
0.50%
134,819.10
134,907.07
93.34 4.99%
126,005.90
276.75
1.22%
(8,901.17)
A2 / A
A
1.55 1.50
Execution Time: 11/1/2022 9:37:22 PMChandler Asset Management - CONFIDENTIAL Page 7 XXXXX
Holdings Report
As of October 31, 2022
City of Bell
Account #10531
CUSIP Security Description Par Value/Units Purchase Date Book Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.
Gain/Loss
Moody/S&P
Fitch
Maturity
Duration
CORPORATE
79466LAG9 Salesforce.com Inc Callable Note Cont
7/15/2022
0.625% Due 7/15/2024
20,000.00 06/29/2021
0.64%
19,989.80
19,994.23
93.12 4.88%
18,623.64
36.81 0.18%
(1,370.59)
A2 / A+
NR
1.71 1.66
91159HHX1 US Bancorp Callable Note Cont
6/28/2024
2.4% Due 7/30/2024
150,000.00 03/25/2021
0.65%
158,425.50
154,294.38
95.54 5.09%
143,314.65
910.00
1.39%
(10,979.73)
A2 / A+
A+
1.75 1.67
69371RR40 Paccar Financial Corp Note
0.5% Due 8/9/2024
50,000.00 08/03/2021
0.52%
49,973.00
49,984.06
92.20 5.16%
46,098.45
56.94 0.45%
(3,885.61)
A1 / A+
NR
1.78 1.72
78015K7C2 Royal Bank of Canada Note
2.25% Due 11/1/2024
135,000.00 09/22/2020
0.69%
143,487.45
139,138.98
94.06 5.42%
126,983.70
1,518.75
1.24%
(12,155.28)
A1 / A
AA-
2.01 1.89
69371RR57 Paccar Financial Corp Note
0.9% Due 11/8/2024
90,000.00 11/02/2021
0.90%
89,994.60
89,996.36
92.22 5.00%
82,998.90
389.25
0.81%
(6,997.46)
A1 / A+
NR
2.02 1.95
46647PAH9 JP Morgan Chase & Co Callable Note 2X
3/1/2024
3.22% Due 3/1/2025
140,000.00 08/19/2020
0.91%
151,212.60
144,230.84
96.58 5.50%
135,212.42
751.33
1.31%
(9,018.42)
A1 / A-
AA-
2.33 2.19
06406RBC0 Bank of NY Mellon Corp Callable Note
Cont 3/25/2025
3.35% Due 4/25/2025
60,000.00 04/19/2022
3.35%
59,991.60
59,993.05
96.17 5.01%
57,703.86
33.50 0.56%
(2,289.19)
A1 / A
AA-
2.48 2.34
63743HFE7 National Rural Utilities Note
3.45% Due 6/15/2025
35,000.00 04/27/2022
3.46%
34,990.55
34,992.05
95.78 5.19%
33,523.84
593.69
0.33%
(1,468.21)
A2 / A-
A
2.62 2.42
931142EW9 Wal-Mart Stores Note
3.9% Due 9/9/2025
30,000.00 09/06/2022
3.92%
29,979.00
29,980.02
97.92 4.68%
29,376.78
169.00
0.29%
(603.24)
Aa2 / AA
AA
2.86 2.65
437076CR1 Home Depot Callable Note Cont
8/15/2025
4% Due 9/15/2025
40,000.00 09/12/2022
4.01%
39,985.60
39,986.17
97.85 4.81%
39,141.84
186.67
0.38%
(844.33)
A2 / A
A
2.88 2.66
91324PEN8 United Health Group Inc Note
5.15% Due 10/15/2025
35,000.00 10/25/2022
5.15%
34,996.85
34,996.86
100.03
5.14%
35,010.36
15.02 0.34%
13.50 A3 / A+
A
2.96 2.71
857477BR3 State Street Bank Callable Note Cont
2/6/2025
1.746% Due 2/6/2026
35,000.00 02/02/2022
1.75%
35,000.00
35,000.00
92.24 5.25%
32,283.23
144.29
0.31%
(2,716.77)
A1 / A
AA-
3.27 3.08
61747YET8 Morgan Stanley Callable Note Cont
7/17/2025
4.679% Due 7/17/2026
60,000.00 07/18/2022
4.68%
60,000.00
60,000.00
97.04 5.58%
58,225.68
787.63
0.57%
(1,774.32)
A1 / A-
A
3.71 3.31
Execution Time: 11/1/2022 9:37:22 PMChandler Asset Management - CONFIDENTIAL Page 8 XXXXX
Holdings Report
As of October 31, 2022
City of Bell
Account #10531
CUSIP Security Description Par Value/Units Purchase Date Book Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.
Gain/Loss
Moody/S&P
Fitch
Maturity
Duration
CORPORATE
931142ER0 Wal-Mart Stores Callable Note Cont
08/17/2026
1.05% Due 9/17/2026
25,000.00 09/08/2021
1.09%
24,952.75
24,963.36
87.02 4.76%
21,753.93
32.08 0.21%
(3,209.43)
Aa2 / AA
AA
3.88 3.71
665859AW4 Northern Trust Company Callable Note
Cont 4/10/2027
4% Due 5/10/2027
150,000.00 09/28/2022
4.75%
145,396.50
145,484.03
95.68 5.08%
143,516.40
2,850.00
1.41%
(1,967.63)
A2 / A+
A+
4.53 3.99
931142EX7 Wal-Mart Stores Callable Note Cont
09/09/2027
3.95% Due 9/9/2027
100,000.00 09/27/2022
4.70%
96,706.00
96,766.19
96.84 4.68%
96,837.00
570.56
0.94%
70.81 Aa2 / AA
AA
4.86 4.33
Total Corporate 2,405,000.00 2.04%
2,429,757.75
2,412,799.51 4.96%
2,311,870.83
14,672.66
22.48%
(100,928.68)
A1 / A+
AA-
1.86 1.74
MONEY MARKET FUND
31846V203 First American Govt Obligation Fund
Class Y
9,242.63 Various
2.61%
9,242.63
9,242.63
1.00 2.61%
9,242.63
0.00 0.09%
0.00 Aaa / AAA
AAA
0.00 0.00
Total Money Market Fund 9,242.63 2.61%
9,242.63
9,242.63 2.61%
9,242.63
0.00 0.09%
0.00 Aaa / AAA
AAA
0.00 0.00
SUPRANATIONAL
459058JM6 Intl. Bank Recon & Development Note
0.25% Due 11/24/2023
105,000.00 11/17/2020
0.32%
104,774.25
104,920.01
95.41 4.72%
100,183.34
114.48
0.97%
(4,736.67)
Aaa / AAA
AAA
1.07 1.04
459058GQ0 Intl. Bank Recon & Development Note
2.5% Due 3/19/2024
150,000.00 01/26/2021
0.26%
160,491.00
154,613.84
97.14 4.65%
145,714.50
437.50
1.41%
(8,899.34)
Aaa / AAA
AAA
1.38 1.33
4581X0DZ8 Inter-American Dev Bank Note
0.5% Due 9/23/2024
170,000.00 09/15/2021
0.52%
169,874.20
169,920.57
92.58 4.64%
157,386.00
89.72 1.52%
(12,534.57)
Aaa / AAA
NR
1.90 1.84
45950KCR9 International Finance Corp Note
1.375% Due 10/16/2024
100,000.00 07/12/2021
0.54%
102,690.00
101,616.26
93.96 4.64%
93,959.60
57.29 0.91%
(7,656.66)
Aaa / AAA
NR
1.96 1.89
Total Supranational 525,000.00 0.41%
537,829.45
531,070.68 4.66%
497,243.44
698.99
4.81%
(33,827.24)
Aaa / AAA
AAA
1.59 1.54
US TREASURY
912828VB3 US Treasury Note
1.75% Due 5/15/2023
225,000.00 01/17/2020
1.60%
226,098.63
225,177.05
98.54 4.51%
221,712.98
1,818.95
2.16%
(3,464.07)
Aaa / AA+
AAA
0.54 0.52
Execution Time: 11/1/2022 9:37:22 PMChandler Asset Management - CONFIDENTIAL Page 9 XXXXX
Holdings Report
As of October 31, 2022
City of Bell
Account #10531
CUSIP Security Description Par Value/Units Purchase Date Book Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.
Gain/Loss
Moody/S&P
Fitch
Maturity
Duration
US TREASURY
912828ZU7 US Treasury Note
0.25% Due 6/15/2023
220,000.00 06/24/2021
0.25%
220,000.00
220,000.00
97.39 4.55%
214,250.74
208.88
2.07%
(5,749.26)
Aaa / AA+
AAA
0.62 0.61
912828T26 US Treasury Note
1.375% Due 9/30/2023
225,000.00 08/15/2019
1.46%
224,252.93
224,834.81
97.15 4.59%
218,592.68
271.98
2.11%
(6,242.13)
Aaa / AA+
AAA
0.92 0.89
912828V80 US Treasury Note
2.25% Due 1/31/2024
225,000.00 10/29/2019
1.67%
230,370.12
226,575.79
97.09 4.67%
218,452.05
1,279.38
2.12%
(8,123.74)
Aaa / AA+
AAA
1.25 1.20
912828WJ5 US Treasury Note
2.5% Due 5/15/2024
200,000.00 12/12/2019
1.74%
206,460.94
202,244.33
96.79 4.69%
193,570.40
2,309.78
1.89%
(8,673.93)
Aaa / AA+
AAA
1.54 1.47
91282CCG4 US Treasury Note
0.25% Due 6/15/2024
250,000.00 06/17/2021
0.43%
248,681.64
249,285.94
93.19 4.65%
232,978.50
237.36
2.25%
(16,307.44)
Aaa / AA+
AAA
1.62 1.58
91282CCT6 US Treasury Note
0.375% Due 8/15/2024
250,000.00 08/25/2021
0.45%
249,443.36
249,664.99
92.78 4.62%
231,943.25
198.71
2.24%
(17,721.74)
Aaa / AA+
AAA
1.79 1.74
91282CDH1 US Treasury Note
0.75% Due 11/15/2024
225,000.00 11/18/2021
0.83%
224,437.50
224,616.24
92.68 4.54%
208,538.10
779.55
2.02%
(16,078.14)
Aaa / AA+
AAA
2.04 1.98
912828ZF0 US Treasury Note
0.5% Due 3/31/2025
125,000.00 03/25/2021
0.58%
124,609.38
124,764.77
91.14 4.41%
113,920.88
54.95 1.10%
(10,843.89)
Aaa / AA+
AAA
2.42 2.35
912828ZT0 US Treasury Note
0.25% Due 5/31/2025
250,000.00 02/25/2021
0.60%
246,337.89
247,781.54
89.78 4.49%
224,453.00
262.98
2.17%
(23,328.54)
Aaa / AA+
AAA
2.58 2.52
91282CAZ4 US Treasury Note
0.375% Due 11/30/2025
175,000.00 12/09/2020
0.41%
174,699.22
174,813.67
88.38 4.45%
154,669.90
276.13
1.50%
(20,143.77)
Aaa / AA+
AAA
3.08 2.99
9128286L9 US Treasury Note
2.25% Due 3/31/2026
130,000.00 02/25/2022
1.91%
131,746.88
131,458.86
93.20 4.42%
121,158.96
257.14
1.17%
(10,299.90)
Aaa / AA+
AAA
3.42 3.22
912828R36 US Treasury Note
1.625% Due 5/15/2026
120,000.00 10/14/2021
0.99%
123,431.25
122,647.78
90.96 4.41%
109,148.40
900.82
1.06%
(13,499.38)
Aaa / AA+
AAA
3.54 3.35
912828YG9 US Treasury Note
1.625% Due 9/30/2026
200,000.00 12/28/2021
1.24%
203,531.25
202,906.77
90.32 4.34%
180,648.40
285.71
1.75%
(22,258.37)
Aaa / AA+
AAA
3.92 3.72
912828U24 US Treasury Note
2% Due 11/15/2026
265,000.00 03/29/2022
2.56%
258,602.73
259,419.89
91.30 4.37%
241,947.12
2,448.37
2.36%
(17,472.77)
Aaa / AA+
AAA
4.04 3.77
91282CEF4 US Treasury Note
2.5% Due 3/31/2027
200,000.00 05/25/2022
2.73%
197,890.63
198,080.12
92.75 4.32%
185,507.80
439.56
1.80%
(12,572.32)
Aaa / AA+
AAA
4.42 4.10
912828X88 US Treasury Note
2.375% Due 5/15/2027
275,000.00 Various
2.97%
267,540.04
268,150.47
92.05 4.32%
253,139.70
3,017.16
2.48%
(15,010.77)
Aaa / AA+
AAA
4.54 4.18
Execution Time: 11/1/2022 9:37:22 PMChandler Asset Management - CONFIDENTIAL Page 10 XXXXX
Holdings Report
As of October 31, 2022
City of Bell
Account #10531
CUSIP Security Description Par Value/Units Purchase Date Book Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.
Gain/Loss
Moody/S&P
Fitch
Maturity
Duration
US TREASURY
91282CFM8 US Treasury Note
4.125% Due 9/30/2027
260,000.00 10/26/2022
4.19%
259,278.91
259,280.91
99.42 4.26%
258,496.94
942.86
2.51%
(783.97)
Aaa / AA+
AAA
4.92 4.39
Total US Treasury 3,820,000.00 1.54%
3,817,413.30
3,811,703.93 4.48%
3,583,129.80
15,990.27
34.78%
(228,574.13)
Aaa / AA+
AAA
2.60 2.45
TOTAL PORTFOLIO 10,785,884.23 1.53%
10,886,595.86
10,808,529.70 4.73%
10,306,269.12
43,266.84
100.00%
(502,260.58)
Aa1 / AA
AAA
1.94 1.68
TOTAL MARKET VALUE PLUS ACCRUED 10,349,535.96
Execution Time: 11/1/2022 9:37:22 PMChandler Asset Management - CONFIDENTIAL Page 11 XXXXX
Transaction Ledger
As of October 31, 2022
City of Bell
Account #10531
Transaction
Type
Settlement
Date CUSIP Quantity Security Description Price Acq/Disp Yield Amount Interest
Pur/Sold Total Amount Gain/Loss
ACQUISITIONS
Purchase 10/03/2022 31846V203 379.47 First American Govt Obligation Fund Class Y
1.000 2.45% 379.47 0.00 379.47 0.00
Purchase 10/15/2022 31846V203 275.00 First American Govt Obligation Fund Class Y
1.000 2.45% 275.00 0.00 275.00 0.00
Purchase 10/16/2022 31846V203 781.75 First American Govt Obligation Fund Class Y
1.000 2.45% 781.75 0.00 781.75 0.00
Purchase 10/17/2022 31846V203 16.67 First American Govt Obligation Fund Class Y
1.000 2.45% 16.67 0.00 16.67 0.00
Purchase 10/17/2022 31846V203 91.00 First American Govt Obligation Fund Class Y
1.000 2.45% 91.00 0.00 91.00 0.00
Purchase 10/17/2022 31846V203 26.25 First American Govt Obligation Fund Class Y
1.000 2.45% 26.25 0.00 26.25 0.00
Purchase 10/17/2022 31846V203 86.17 First American Govt Obligation Fund Class Y
1.000 2.45% 86.17 0.00 86.17 0.00
Purchase 10/17/2022 31846V203 15.42 First American Govt Obligation Fund Class Y
1.000 2.45% 15.42 0.00 15.42 0.00
Purchase 10/17/2022 31846V203 87.00 First American Govt Obligation Fund Class Y
1.000 2.45% 87.00 0.00 87.00 0.00
Purchase 10/17/2022 31846V203 12.00 First American Govt Obligation Fund Class Y
1.000 2.45% 12.00 0.00 12.00 0.00
Purchase 10/17/2022 31846V203 19.50 First American Govt Obligation Fund Class Y
1.000 2.45% 19.50 0.00 19.50 0.00
Purchase 10/17/2022 31846V203 140.25 First American Govt Obligation Fund Class Y
1.000 2.45% 140.25 0.00 140.25 0.00
Purchase 10/17/2022 31846V203 14.17 First American Govt Obligation Fund Class Y
1.000 2.45% 14.17 0.00 14.17 0.00
Purchase 10/17/2022 31846V203 3,122.62 First American Govt Obligation Fund Class Y
1.000 2.45% 3,122.62 0.00 3,122.62 0.00
Purchase 10/17/2022 31846V203 3,115.88 First American Govt Obligation Fund Class Y
1.000 2.45% 3,115.88 0.00 3,115.88 0.00
Purchase 10/17/2022 31846V203 761.06 First American Govt Obligation Fund Class Y
1.000 2.45% 761.06 0.00 761.06 0.00
Execution Time: 11/1/2022 9:37:22 PMChandler Asset Management - CONFIDENTIAL Page 12 XXXXX
Transaction Ledger
As of October 31, 2022
City of Bell
Account #10531
Transaction
Type
Settlement
Date CUSIP Quantity Security Description Price Acq/Disp Yield Amount Interest
Pur/Sold Total Amount Gain/Loss
ACQUISITIONS
Purchase 10/17/2022 31846V203 2,433.55 First American Govt Obligation Fund Class Y
1.000 2.45% 2,433.55 0.00 2,433.55 0.00
Purchase 10/17/2022 31846V203 2,951.20 First American Govt Obligation Fund Class Y
1.000 2.45% 2,951.20 0.00 2,951.20 0.00
Purchase 10/17/2022 31846V203 7,102.76 First American Govt Obligation Fund Class Y
1.000 2.45% 7,102.76 0.00 7,102.76 0.00
Purchase 10/17/2022 31846V203 2,473.79 First American Govt Obligation Fund Class Y
1.000 2.45% 2,473.79 0.00 2,473.79 0.00
Purchase 10/17/2022 31846V203 4,172.02 First American Govt Obligation Fund Class Y
1.000 2.45% 4,172.02 0.00 4,172.02 0.00
Purchase 10/18/2022 31846V203 108.79 First American Govt Obligation Fund Class Y
1.000 2.45% 108.79 0.00 108.79 0.00
Purchase 10/18/2022 31846V203 3,061.10 First American Govt Obligation Fund Class Y
1.000 2.45% 3,061.10 0.00 3,061.10 0.00
Purchase 10/20/2022 31846V203 156.75 First American Govt Obligation Fund Class Y
1.000 2.45% 156.75 0.00 156.75 0.00
Purchase 10/20/2022 31846V203 9,490.15 First American Govt Obligation Fund Class Y
1.000 2.45% 9,490.15 0.00 9,490.15 0.00
Purchase 10/20/2022 31846V203 2,482.89 First American Govt Obligation Fund Class Y
1.000 2.45% 2,482.89 0.00 2,482.89 0.00
Purchase 10/21/2022 31846V203 25.67 First American Govt Obligation Fund Class Y
1.000 2.45% 25.67 0.00 25.67 0.00
Purchase 10/21/2022 31846V203 1,541.63 First American Govt Obligation Fund Class Y
1.000 2.45% 1,541.63 0.00 1,541.63 0.00
Purchase 10/25/2022 31846V203 999.42 First American Govt Obligation Fund Class Y
1.000 2.45% 999.42 0.00 999.42 0.00
Purchase 10/25/2022 31846V203 468.92 First American Govt Obligation Fund Class Y
1.000 2.45% 468.92 0.00 468.92 0.00
Purchase 10/25/2022 31846V203 9.63 First American Govt Obligation Fund Class Y
1.000 2.45% 9.63 0.00 9.63 0.00
Purchase 10/25/2022 31846V203 32.08 First American Govt Obligation Fund Class Y
1.000 2.45% 32.08 0.00 32.08 0.00
Execution Time: 11/1/2022 9:37:22 PMChandler Asset Management - CONFIDENTIAL Page 13 XXXXX
Transaction Ledger
As of October 31, 2022
City of Bell
Account #10531
Transaction
Type
Settlement
Date CUSIP Quantity Security Description Price Acq/Disp Yield Amount Interest
Pur/Sold Total Amount Gain/Loss
ACQUISITIONS
Purchase 10/25/2022 31846V203 1,132.73 First American Govt Obligation Fund Class Y
1.000 2.45% 1,132.73 0.00 1,132.73 0.00
Purchase 10/25/2022 31846V203 666.57 First American Govt Obligation Fund Class Y
1.000 2.45% 666.57 0.00 666.57 0.00
Purchase 10/27/2022 91282CFM8 260,000.00 US Treasury Note
4.125% Due 9/30/2027
99.723 4.19% 259,278.91 795.54 260,074.45 0.00
Purchase 10/28/2022 91324PEN8 35,000.00 United Health Group Inc Note
5.15% Due 10/15/2025
99.991 5.15% 34,996.85 0.00 34,996.85 0.00
Subtotal 343,253.86 342,529.62 795.54 343,325.16 0.00
TOTAL ACQUISITIONS 343,253.86 342,529.62 795.54 343,325.16 0.00
DISPOSITIONS
Sale 10/27/2022 31846V203 44,103.98 First American Govt Obligation Fund Class Y
1.000 2.44% 44,103.98 0.00 44,103.98 0.00
Sale 10/27/2022 912828ZH6 220,000.00 US Treasury Note
0.25% Due 4/15/2023
98.160 0.22% 215,952.34 18.13 215,970.47 -4,074.26
Sale 10/28/2022 31846V203 34,996.85 First American Govt Obligation Fund Class Y
1.000 2.45% 34,996.85 0.00 34,996.85 0.00
Subtotal 299,100.83 295,053.17 18.13 295,071.30 -4,074.26 Paydown 10/17/2022 362554AC1 0.00 GM Financial Securitized Term 2021-4 A3
0.68% Due 9/16/2026
100.000 0.00 14.17 14.17 0.00
Paydown 10/17/2022 36265WAD5 0.00 GM Financial Securitized Auto 2022-3 A3
3.64% Due 4/16/2027
100.000 0.00 91.00 91.00 0.00
Paydown 10/17/2022 380146AC4 0.00 GM Financial Auto Receivables 2022-1 A3
1.26% Due 11/16/2026
100.000 0.00 26.25 26.25 0.00
Execution Time: 11/1/2022 9:37:22 PMChandler Asset Management - CONFIDENTIAL Page 14 XXXXX
Transaction Ledger
As of October 31, 2022
City of Bell
Account #10531
Transaction
Type
Settlement
Date CUSIP Quantity Security Description Price Acq/Disp Yield Amount Interest
Pur/Sold Total Amount Gain/Loss
DISPOSITIONS
Paydown 10/17/2022 43815BAC4 0.00 Honda Auto Receivables Trust 2022-1 A3
1.88% Due 5/15/2026
100.000 0.00 86.17 86.17 0.00
Paydown 10/17/2022 43815NAC8 3,115.06 Honda Auto Receivables Trust 2019-3 A3
1.78% Due 8/15/2023
100.000 3,115.06 7.56 3,122.62 0.00
Paydown 10/17/2022 44891RAC4 3,101.98 Hyundai Auto Receivables Trust 2020-C A3
0.38% Due 5/15/2025
100.000 3,101.98 13.90 3,115.88 0.00
Paydown 10/17/2022 44935FAD6 0.00 Hyundai Auto Receivables Trust 2021-C A3
0.74% Due 5/15/2026
100.000 0.00 15.42 15.42 0.00
Paydown 10/17/2022 47787JAC2 0.00 John Deere Owner Trust 2022-A A3
2.32% Due 9/16/2026
100.000 0.00 87.00 87.00 0.00
Paydown 10/17/2022 47787NAC3 755.78 John Deere Owner Trust 2020-B A3
0.51% Due 11/15/2024
100.000 755.78 5.28 761.06 0.00
Paydown 10/17/2022 47788UAC6 0.00 John Deere Owner Trust 2021-A A3
0.36% Due 9/15/2025
100.000 0.00 12.00 12.00 0.00
Paydown 10/17/2022 47789KAC7 2,415.39 John Deere Owner Trust 2020-A A3
1.1% Due 8/15/2024
100.000 2,415.39 18.16 2,433.55 0.00
Paydown 10/17/2022 47789QAC4 0.00 John Deere Owner Trust 2021-B A3
0.52% Due 3/16/2026
100.000 0.00 19.50 19.50 0.00
Paydown 10/17/2022 47800AAC4 0.00 John Deere Owner Trust 2022-B A3
3.74% Due 2/16/2027
100.000 0.00 140.25 140.25 0.00
Paydown 10/17/2022 58769KAD6 0.00 Mercedes-Benz Auto Lease Trust 2021- B A3
0.4% Due 11/15/2024
100.000 0.00 16.67 16.67 0.00
Paydown 10/17/2022 65479JAD5 2,922.67 Nissan Auto Receivables Owner 2019-C A3
1.93% Due 7/15/2024
100.000 2,922.67 28.53 2,951.20 0.00
Paydown 10/17/2022 89232HAC9 7,034.62 Toyota Auto Receivable Own 2020-A A3
1.66% Due 5/15/2024
100.000 7,034.62 68.14 7,102.76 0.00
Paydown 10/17/2022 89236XAC0 2,465.48 Toyota Auto Receivables 2020-D A3
0.35% Due 1/15/2025
100.000 2,465.48 8.31 2,473.79 0.00
Execution Time: 11/1/2022 9:37:22 PMChandler Asset Management - CONFIDENTIAL Page 15 XXXXX
Transaction Ledger
As of October 31, 2022
City of Bell
Account #10531
Transaction
Type
Settlement
Date CUSIP Quantity Security Description Price Acq/Disp Yield Amount Interest
Pur/Sold Total Amount Gain/Loss
DISPOSITIONS
Paydown 10/17/2022 89240BAC2 4,158.29 Toyota Auto Receivables Owners 2021- A A3
0.26% Due 5/15/2025
100.000 4,158.29 13.73 4,172.02 0.00
Paydown 10/18/2022 43813KAC6 3,049.92 Honda Auto Receivables Trust 2020-3 A3
0.37% Due 10/18/2024
100.000 3,049.92 11.18 3,061.10 0.00
Paydown 10/18/2022 43815PAC3 0.00 Honda Auto Receivables 2022-2 A3
3.73% Due 7/20/2026
100.000 0.00 108.79 108.79 0.00
Paydown 10/20/2022 36266FAC3 0.00 GM Financial Auto Lease Trust 2022-2 A3
3.42% Due 6/20/2025
100.000 0.00 156.75 156.75 0.00
Paydown 10/20/2022 92290BAA9 9,462.58 Verizon Owner Trust 2020-B A
0.47% Due 2/20/2025
100.000 9,462.58 27.57 9,490.15 0.00
Paydown 10/20/2022 92348AAA3 2,469.21 Verizon Owner Trust 2019-C A1A
1.94% Due 4/22/2024
100.000 2,469.21 13.68 2,482.89 0.00
Paydown 10/21/2022 43813GAC5 1,536.73 Honda Auto Receivables Trust 2021-1 A3
0.27% Due 4/21/2025
100.000 1,536.73 4.90 1,541.63 0.00
Paydown 10/21/2022 43815GAC3 0.00 Honda Auto Receivables Trust 2021-4 A3
0.88% Due 1/21/2026
100.000 0.00 25.67 25.67 0.00
Paydown 10/25/2022 05601XAC3 0.00 BMW Vehicle Lease Trust 2022-1 A3
1.1% Due 3/25/2025
100.000 0.00 32.08 32.08 0.00
Paydown 10/25/2022 09690AAC7 0.00 BMW Vehicle Lease Trust 2021-2 A3
0.33% Due 12/26/2024
100.000 0.00 9.63 9.63 0.00
Paydown 10/25/2022 3137B3NX2 602.55 FHLMC K031 A2Due 4/25/2023 100.000 602.55 530.18 1,132.73 0.00 Paydown 10/25/2022 3137B4GY6 0.00 FHLMC K032 A2Due 5/25/2023 100.000 0.00 468.92 468.92 0.00 Paydown 10/25/2022 3137B5JM6 78.07 FHLMC K034 A2
3.531% Due 7/25/2023
100.000 78.07 588.50 666.57 0.00
Subtotal 43,168.33 43,168.33 2,649.89 45,818.22 0.00
Security
Withdrawal
10/12/2022 31846V203 1,000.00 First American Govt Obligation Fund Class Y
1.000 1,000.00 0.00 1,000.00 0.00
Execution Time: 11/1/2022 9:37:22 PMChandler Asset Management - CONFIDENTIAL Page 16 XXXXX
Transaction Ledger
As of October 31, 2022
City of Bell
Account #10531
Transaction
Type
Settlement
Date CUSIP Quantity Security Description Price Acq/Disp Yield Amount Interest
Pur/Sold Total Amount Gain/Loss
DISPOSITIONS
Security
Withdrawal
10/25/2022 31846V203 86.07 First American Govt Obligation Fund Class Y
1.000 86.07 0.00 86.07 0.00
Subtotal 1,086.07 1,086.07 0.00 1,086.07 0.00
TOTAL DISPOSITIONS 343,355.23 339,307.57 2,668.02 341,975.59 -4,074.26
OTHER TRANSACTIONS
Interest 10/15/2022 912828ZH6 220,000.00 US Treasury Note
0.25% Due 4/15/2023
0.000 275.00 0.00 275.00 0.00
Interest 10/16/2022 3137EAEY1 150,000.00 FHLMC Note
0.125% Due 10/16/2023
0.000 93.75 0.00 93.75 0.00
Interest 10/16/2022 45950KCR9 100,000.00 International Finance Corp Note
1.375% Due 10/16/2024
0.000 688.00 0.00 688.00 0.00
Interest 10/25/2022 06406RBC0 60,000.00 Bank of NY Mellon Corp Callable Note Cont 3/25/2025
3.35% Due 4/25/2025
0.000 999.42 0.00 999.42 0.00
Subtotal 530,000.00 2,056.17 0.00 2,056.17 0.00
Dividend 10/03/2022 31846V203 41,175.67 First American Govt Obligation Fund Class Y
0.000 379.47 0.00 379.47 0.00
Subtotal 41,175.67 379.47 0.00 379.47 0.00
TOTAL OTHER TRANSACTIONS 571,175.67 2,435.64 0.00 2,435.64 0.00 Execution Time: 11/1/2022 9:37:22 PMChandler Asset Management - CONFIDENTIAL Page 17 XXXXXX
Income Earned
As of October 31, 2022
City of Bell
Account #10531
CUSIP Security Description
Trade Date
Settle Date
Units
Book Value: Begin
Book Value: Acq
Book Value: Disp
Book Value: End
Prior Accrued
Inc. Received
Ending Accrued
Total Interest
Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
Total Income
FIXED INCOME
023135BW5 Amazon.com Inc
Note
0.45% Due 05/12/2024
05/10/2021
05/12/2021
85,000.00
84,933.31
0.00 0.00
84,936.82
147.69
0.00 179.56
31.87 3.51
0.00 3.51
35.38 35.38
037833DE7 Apple Inc
Callable Note Cont 12/13/2022
2.4% Due 01/13/2023
11/26/2018
11/28/2018
130,000.00
129,623.83
0.00 0.00
129,735.96
676.00
0.00 936.00
260.00
112.13
0.00 112.13
372.13
372.13
05601XAC3 BMW Vehicle Lease Trust
2022-1 A3
1.1% Due 03/25/2025
01/11/2022
01/19/2022
35,000.00
34,996.45
0.00 0.00
34,996.65
6.42 32.08
6.42 32.08
0.20 0.00
0.20 32.28
32.28 06406FAD5 Bank of NY Mellon Corp
Callable Note Cont 6/16/2023
2.2% Due 08/16/2023
04/11/2019
04/15/2019
125,000.00
124,282.30
0.00 0.00
124,352.05
343.75
0.00 572.92
229.17
69.75 0.00
69.75 298.92
298.92
06406RBC0 Bank of NY Mellon Corp
Callable Note Cont 3/25/2025
3.35% Due 04/25/2025
04/19/2022
04/26/2022
60,000.00
59,992.81
0.00 0.00
59,993.05
865.42
999.42
33.50 167.50
0.24 0.00
0.24 167.74
167.74
09690AAC7 BMW Vehicle Lease Trust
2021-2 A3
0.33% Due 12/26/2024
09/08/2021
09/15/2021
35,000.00
34,998.05
0.00 0.00
34,998.18
1.93 9.63
1.93 9.63
0.13 0.00
0.13 9.76
9.76 14913R2L0 Caterpillar Financial Service
Note
0.45% Due 05/17/2024
05/10/2021
05/17/2021
135,000.00
134,901.96
0.00 0.00
134,907.07
226.13
0.00 276.75
50.62 5.11
0.00 5.11
55.73 55.73
24422EVN6 John Deere Capital Corp
Note
0.45% Due 01/17/2024
03/01/2021
03/04/2021
95,000.00
94,969.59
0.00 0.00
94,971.58
87.88 0.00
123.50
35.62 1.99
0.00 1.99
37.61 37.61
3130A0F70 FHLB
Note
3.375% Due 12/08/2023
08/19/2019
08/20/2019
225,000.00
229,776.37
0.00 0.00
229,434.41
2,383.59
0.00 3,016.41
632.82
0.00 341.96
(341.96)
290.86
290.86
Execution Time: 11/1/2022 9:37:22 PMChandler Asset Management - CONFIDENTIAL Page 18 XXXXXX
Income Earned
As of October 31, 2022
City of Bell
Account #10531
CUSIP Security Description
Trade Date
Settle Date
Units
Book Value: Begin
Book Value: Acq
Book Value: Disp
Book Value: End
Prior Accrued
Inc. Received
Ending Accrued
Total Interest
Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
Total Income
3130A1XJ2 FHLB
Note
2.875% Due 06/14/2024
03/24/2020
03/25/2020
250,000.00
257,814.33
0.00 0.00
257,424.87
2,136.28
0.00 2,735.24
598.96
0.00 389.46
(389.46)
209.50
209.50
3130AB3H7 FHLB
Note
2.375% Due 03/08/2024
06/14/2019
06/17/2019
225,000.00
226,306.74
0.00 0.00
226,229.43
341.41
0.00 786.72
445.31
0.00 77.31
(77.31)
368.00
368.00
3130ADRG9 FHLB
Note
2.75% Due 03/10/2023
01/16/2019
01/17/2019
225,000.00
225,037.59
0.00 0.00
225,030.31
360.94
0.00 876.56
515.62
0.00 7.28
(7.28)
508.34
508.34
3133ELNW0 FFCB
Note
1.45% Due 02/21/2023
02/19/2020
02/21/2020
200,000.00
200,005.34
0.00 0.00
200,004.19
322.22
0.00 563.89
241.67
0.00 1.15
(1.15)
240.52
240.52
3133ENKS8 FFCB
Note
1.125% Due 01/06/2025
01/06/2022
01/11/2022
80,000.00
79,863.39
0.00 0.00
79,868.51
212.50
0.00 287.50
75.00 5.12
0.00 5.12
80.12 80.12
3135G04Q3 FNMA
Note
0.25% Due 05/22/2023
05/20/2020
05/22/2020
160,000.00
159,897.52
0.00 0.00
159,911.16
143.33
0.00 176.67
33.34 13.64
0.00 13.64
46.98 46.98
3135G05G4 FNMA
Note
0.25% Due 07/10/2023
07/08/2020
07/10/2020
165,000.00
164,908.64
0.00 0.00
164,918.68
92.81 0.00
127.19
34.38 10.04
0.00 10.04
44.42 44.42
3135G06G3 FNMA
Note
0.5% Due 11/07/2025
11/18/2020
11/19/2020
225,000.00
224,855.25
0.00 0.00
224,859.21
450.00
0.00 543.75
93.75 3.96
0.00 3.96
97.71 97.71
3135G0U43 FNMA
Note
2.875% Due 09/12/2023
09/25/2019
09/26/2019
225,000.00
227,567.38
0.00 0.00
227,337.36
341.41
0.00 880.47
539.06
0.00 230.02
(230.02)
309.04
309.04
Execution Time: 11/1/2022 9:37:22 PMChandler Asset Management - CONFIDENTIAL Page 19 XXXXXX
Income Earned
As of October 31, 2022
City of Bell
Account #10531
CUSIP Security Description
Trade Date
Settle Date
Units
Book Value: Begin
Book Value: Acq
Book Value: Disp
Book Value: End
Prior Accrued
Inc. Received
Ending Accrued
Total Interest
Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
Total Income
3137B3NX2 FHLMC
K031 A2
3.3% Due 04/25/2023
03/12/2019
03/15/2019
192,189.99
193,271.98
0.00 602.55
192,586.53
106.04
530.18
105.70
529.84
0.00 82.90
(82.90)
446.94
446.94
3137B4GY6 FHLMC
K032 A2
3.31% Due 05/25/2023
07/23/2019
07/26/2019
170,000.00
171,134.78
0.00 0.00
170,985.72
93.78 468.92
93.78 468.92
0.00 149.06
(149.06)
319.86
319.86
3137B5JM6 FHLMC
K034 A2
3.531% Due 07/25/2023
08/28/2018
08/31/2018
199,921.93
200,704.27
0.00 78.07
200,552.44
588.50
588.50
588.27
588.27
0.00 73.76
(73.76)
514.51
514.51
3137EAER6 FHLMC
Note
0.375% Due 05/05/2023
05/05/2020
05/07/2020
200,000.00
199,983.40
0.00 0.00
199,985.78
304.17
0.00 366.67
62.50 2.38
0.00 2.38
64.88 64.88
3137EAEY1 FHLMC
Note
0.125% Due 10/16/2023
10/14/2020
10/16/2020
150,000.00
149,805.84
0.00 0.00
149,821.68
85.94 93.75
7.81 15.62
15.84 0.00
15.84 31.46
31.46 3137EAEZ8 FHLMC
Note
0.25% Due 11/06/2023
11/03/2020
11/05/2020
220,000.00
219,927.56
0.00 0.00
219,933.16
221.53
0.00 267.36
45.83 5.60
0.00 5.60
51.43 51.43
362554AC1 GM Financial Securitized Term
2021-4 A3
0.68% Due 09/16/2026
10/13/2021
10/21/2021
25,000.00
24,999.54
0.00 0.00
24,999.55
7.08 14.17
7.08 14.17
0.01 0.00
0.01 14.18
14.18 36265WAD5 GM Financial Securitized Auto
2022-3 A3
3.64% Due 04/16/2027
07/06/2022
07/13/2022
30,000.00
29,999.80
0.00 0.00
29,999.81
45.50 91.00
45.50 91.00
0.01 0.00
0.01 91.01
91.01 36266FAC3 GM Financial Auto Lease Trust
2022-2 A3
3.42% Due 06/20/2025
05/03/2022
05/11/2022
55,000.00
54,995.28
0.00 0.00
54,995.51
57.48 156.75
57.48 156.75
0.23 0.00
0.23 156.98
156.98
Execution Time: 11/1/2022 9:37:22 PMChandler Asset Management - CONFIDENTIAL Page 20 XXXXX