BID PW25-001
SPC25-07 CA-6
01135.0006 2012758.2
All warranties and guarantees of subc ontractors, 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 guarantees, if necessary, on behalf of the City. In the event that Contractor fails to perform its obligations under this Section, or under any ot her warranty or guaranty under this Ag reement, 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. 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 r easonable 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 increa se in com pensation of up to ten perc ent (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 Contractor 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
BID PW25-001
SPC25-07 CA-7
01135.0006 2012758.2
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 r eport 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 materials used; type of 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 services 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.
1.10 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 inco rporated herein by this reference. The total compensation, including reimbursement for actual expenses, shall not exceed Nine Hundred Seventy Thousand One Hundred Forty Four Dollars and Ten Cents ($970,144.10) (the “Contract Sum”), unless additional compensation is approved pursuant to Section 1.10.
BID PW25-001
SPC25-07 CA-8
01135.0006 2012758.2
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 p rovided for the p erformance 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 expenditures 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, and on ly if specified in the Schedule of Compensation. 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 expenses incurred during the preceding month in a form approved by City’s Director of Finance. By submitting an invo ice for payment under this Agreement, Contractor is certifying compliance with all provisions of the Agreement. The invoice 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 charges 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 cause Contractor to be paid within thirty (30) days of receipt of Contractor’s correct and undisputed invoice; however, Contr actor acknowledges and agrees that due to City warrant run procedures, the City cannot guarantee that payment will occur within this time 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 shall be accompanied by a document setting forth in writing the reasons why the payment request
BID PW25-001
SPC25-07 CA-9
01135.0006 2012758.2
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 w ritten notice to proceed and shall perform all services within the time period(s) established in the “Schedule of Performance” 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 exceeding 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, qu arantine restrictions, riots, strikes, freight embargoes, wars, l itigation, 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
BID PW25-001
SPC25-07 CA-10
01135.0006 2012758.2
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 t erminated in accordance with Article 7 of th is 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. 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:
Thomas S. Pack President
(Name) (Title)
Michael A. Mahler Secretary
(Name) (Title)
Corey Pack Project Manager
(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. Th erefore, the Principals shall be responsible during the term of this 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 dir ection and control of the principals. For purposes of this Agreement, the Principals may not be r eplaced, 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
BID PW25-001
SPC25-07 CA-11
01135.0006 2012758.2
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 of 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 b enefits which m ay 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 John Oskoui, Interim Director of Public Works, 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 Officer. Unless othe rwise 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.
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 or 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.
BID PW25-001
SPC25-07 CA-12
01135.0006 2012758.2
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 Ci ty) 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 s uch unapproved transfer, including any bankruptcy proceeding, 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.
The Contractor shall procure and maintain, at its sole cost and expense, in a form and content satisfactory to City, during the entire term of this Agreement including any extension thereof, the following policies of insurance which shall cover all elected and appointed officers, employees and agents of City:
(a) Commercial General Liability Insurance (Occurrence Form CG0001 or equivalent). Commercial General Liability Insurance (Occurrence Form CG0001 or equivalent). A policy of comprehensive general liability insurance written on a per occurrence basis for bodily injury, personal injury and property damage. The policy of insurance shall be in an amount not less than $5,000,000 per occurrence or if a general aggregate limit is used, then the general aggregate limit shall be twice the occurrence limit. (b) Workers Compensation Insurance. A policy of workers compensation insurance in such amount as will fully comply with the laws of the State of California, with Statutory Limits, and Employer’s Liability insurance with a limit of no less than $1,000,000 per accident for bodily injury or disease, and wh ich shall indemnify, insure and provide legal defense for the Contractor against any loss, claim or damage arising from any injuries or occupational diseases occurring to any worker employed by or any persons retained by the Contractor in the course of car rying out the work or services contemplated in this Agreement.
(c) Automotive Insurance (Form CA 0001 (Ed 1/87) including “any auto” and endorsement CA 0025 or equivalent). A policy of comprehensive automobile liability insurance written on a per occurrence for bodily injury and property damage in an amount not less than $5,000,000. Said policy shall include coverage for owned, non -owned, leased, hired cars and any automobile.
(d) Pro fe ss ion al Liabil ity. Professional liability insurance
BID PW25-001
SPC25-07 CA-13
01135.0006 2012758.2
appropriate to the Contractor’s profession. This coverage may be written on a “claims made” basis and must include coverage for contractual liability. The professional liability insurance required by this Agreement must be endorsed to be applicable to claims based upon, arising out of or related to services performed under this Agreement. The insurance must be maintained for at least 5 consecutive years following the completion of Contractor’s services or the termination of this Agreement. During this ad ditional 5-year period, Contractor shall annually and upon request of the City submit written evidence of this continuous coverage. If Design/Build, Professional liability insurance shall be in an amount no less than $2,000,000 per occurrence or claim, and $2,000,000 policy aggregate.
(e) Additional Insurance. Policies of such other insurance, as may be required in the Special Requirements in Exhibit “B”.
(f) Contractor’s Pollution Legal Liability and/or Errors and Omissions. If project involves environmental hazards, a policy shall be with limits no less than $1,000,000 per occurrence or claim, and $2,000,000 policy aggregate. (g) Builder’s Risk. Builder’s Risk (Course of Construction) Insurance utilizing an “All Risk” (Special Perils) coverage form, with limits equal to the completed value of the project and no coinsurance penalty provisions. (h) Sub cont rac to rs. Contractor shall include all subcontractors as insureds under its policies or shall furnish separate certificates and certified endorsements for each subcontractor. All coverages for subcontractors shall be subject to all of the requirements stated herein.
5.2 General Insurance Requirements.
All of the above policies of insurance shall be primary insurance and shall name the City, its elected and appointed officers, employees and agents as additional insureds and any insurance maintained by City or its officers, employees or agents may apply in excess of, and not contribute with Contractor’s insurance. The insurer is deemed hereof to waive all rights of subrog ation and contribution it may have against the City, its officers, employees and agents and their respective insurers. Moreover, the insurance policy must specify that where the primary insured does not satisfy the self-insured retention, any additional insured may satisfy the self-insured retention.
All of said policies of insurance shall provide that said insurance may not be amended or cancelled by the insurer or any party hereto without providing thirty (30) days prior written notice by certified mail return receipt requested to the City. In the event any of said policies of insurance are cancelled, the Contractor shall, prior to the cancellation date, submit new evidence of insurance in conformance with Section 5.1 to the Contract Officer.
No work or services under this Agreement shall commence until the Contractor has provided the City with Certificates of Insurance, additional insured endorsement forms or appropriate insur ance binders evidencing the above insurance coverages and said
BID PW25-001
SPC25-07 CA-14
01135.0006 2012758.2
Certificates of Insurance or binde rs are approved by the City. City reserves the right to inspect complete, certified copies of and endorsements to all required insurance policies at any time. Any failure to comply with the reporting or other provisions of the policies including breaches or warranties shall not affect coverage provided to City.
All certificates shall name the City as additional insured (providing the appropriate endorsement) and shall conform to the following “cancellation” notice:
CANCELLATION:
SHOULD A NY OF THE ABO VE DES CRIBED POLICIES BE
CANCELLED BEFORE THE EXPIRATION DATED THEREOF, THE
ISSUING COMPANY SHALL M AIL THIRTY (30)-DAY A DVANCE
WRITTEN NOTICE TO CERTIFICATE HOLDER NAMED HEREIN.
[to be initialed]
Agent’s Initials
City, its respective elected and appointed officers, directors, officials, employees, agents and volunteers are to be covered as additional insureds as respects: liability arising out of activities Contractor performs; products and completed operations of Contractor; premises owned, occupied or used by Contractor; or any automobiles owned, leased, hired or borrowed by Contractor. The coverage shall contain no special limitations on the scope of protection afforded to City, and their respective elected and appointed officers, officials, employees or volunteers. Contractor’s insurance shall apply separately to each insured against whom claim is made or suit is brought, except with respect to the limits of the insurer's liability.
Any deductibles or self-insured retentions must be declared to and approved by City.
At the option of City, either the insurer shall reduce or eliminate such deductibles or self- insured retentions as respects City or its respective elected or appointed officers, officials, employees and volunteers or the Contractor shall procure a bond guaranteeing payment of losses and related investigations, claim administration, defense expenses and claims.
The Contractor agrees that the requirement to provide insurance shall not be construed as limiting in any way the extent to which the Contractor may be held responsible for the payment of damages to any persons or property resulting from the Contractor’s activities or the activities of any person or persons for which the Contractor is otherwise responsible nor shall it limit the Contractor’s indemnification liabilities as provided in Section 5.3.
In the event the Contractor subcontracts any portion of the work in compliance with Section 4.5 of th is Agreement, the contract between the Contr actor and such subcontractor shall require the subcontractor to maintain the same policies of insurance that the Contractor is required to maintain pursuant to Section 5.1, and such certificates and endorsements shall be provided to City.
BID PW25-001
SPC25-07 CA-15
01135.0006 2012758.2
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 p rovided herein of Contractor, i ts 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’ 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 liabilities 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 hold 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, Contr actor agrees to indemni fy, d efend and hold h armless the Indemnified Parties from, any and all claims and liabilities 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 sh all be fully responsible to indemni fy 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 om ission, 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
BID PW25-001
SPC25-07 CA-16
01135.0006 2012758.2
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 p rofessionals’ indemnity hereunder shall be limited to claims and liabilities arising out of the negligence, recklessness or willful misconduct of the design professional. 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.
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 Contr act Sum of th is 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 C lerk, which secures the payment of all persons fu rnishing labor and/or materials in connection with the work und er 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 Agreement 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 mat erials for work and s ervices und er 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.
BID PW25-001
SPC25-07 CA-17
01135.0006 2012758.2
5.7 Substitution of Securities.
Pursuant to Public Contract Code Section 22300, substitution of eligible equivalent securities for any funds withheld to ensure performance under 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 directly to the escrow agent at the sole expense of the Contractor.
5.8 Release of Securities.
City shall release the Pe rformance and Labor Bonds wh en 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. (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 shall 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 p ayroll records in compliance with all applicable laws, or other documents relating to the disburs ements 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 r ecords if a public records request is made and disclosure is required by law including but not limited to the California Public Records Act.
BID PW25-001
SPC25-07 CA-18
01135.0006 2012758.2
6.2 Reports.
Contractor shall periodically prepare and submit to the Contract 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 Contractor is providing design services, the cost of the project being designed, Contractor shall promptly notify the Contr act Officer of s aid fact, circumstance, technique or event and the estimated increased or decreased cost related thereto and, if Contractor 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, d esigns, 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 Contr act Officer or upon the termination of this Agreement, and Contractor shall have no claim for fu rther 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 Cont ractor will be at the City’s sole risk and without l iability to Contractor, and Contractor’s guarantee and warranties shall not extend to such use, reuse or assignment. Contractor may retain copies of such do cuments for its o wn us e.
Contractor s hall h ave 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, s uch documents and materials are hereby deemed “works made for hire” for the City.
6.4 Confidentiality and Release of Information.
(a) Information gained or work product produced by Cont ractor 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 product 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 requested by the City Attorney, voluntarily provide documents, declarations, letters of support, testimony at
BID PW25-001
SPC25-07 CA-19
01135.0006 2012758.2
depositions, r esponse to interrogatories or other information concerning the work performed under this Agreement. Response to a subpoena or court order shall not be considered "voluntary" provided Contr actor gives C ity notice of su ch court o rder or subpoena.
(c) If Contractor, or any officer, employee, agent or subcontractor of Contractor, provides any information or work product in violation of this Agreement, 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 admissions 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.
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 matter 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 l itigation 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 p ay some or all of the outstanding invoices during the period of default. If Contractor does not cure the default,
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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 provisions 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 r esponse 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 mand atory 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) any 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 r eason of Contractor’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 whi ch is disputed by Contractor, or any indebtedness shall exist which shall appear 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 withhold 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 Agreement. A cceptance 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
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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, correct or remedy any default, to recover damages for any default, to compel specific performance of this Agreement, to obtain declaratory or injunctive relief, or to obtain any other remedy consistent with the purposes of this Agreement.
Notwithstanding any contrary p rovision herein, Contractor shall file a claim pursuant to Government Code Sections 905 et seq. and 910 et seq., in ord er 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 One Thousand Three Hundred Dollars and Zero Cents ($1,300.00) as liquidated damages for each calendar day of delay in the performance of any s ervice required hereunder, as specified in the Schedule of Performance (Exhibit “D”), and per section 6-9 of the Special Provisions. The City may withhold from any monies payable on account of services p erformed 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 p rovide for removal or relocation of utility facilities.
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 th is 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 approved 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 h as initiated
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termination, the Contractor shall be entitled to compensation 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 h erein 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 r easonable 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 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. 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 Contractor, 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.
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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 performance of services under this Ag reement. 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 interest, direct or indirect, in this Agreement nor shall any such officer or employee participate in any decision relating to the Ag reement 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 th is 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 such unauthorized aliens for the p erformance of work and/or services co vered by this A greement, 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
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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 (with her/his name and City title), City Of Bell, 6330 Pine Avenue, Bell, CA 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 th is 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 supersedes and cancels any and all previous negotiations, arrangements, agreements and understandings, if any, between the parties, and none shall be used to interpret this Agreement. 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 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 p articipate in any
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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 in terested, or in violation of any State or municipal statute or regulation. The determination of “financial interest” shall be consistent 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 party 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. Contr actor 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 bind ing upon the h eirs, executors, administrators, successors and assigns of the parties.
[SIGNATURES ON FOLLOWING PAGE]
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IN WITNESS WHEREOF, the p arties hereto have executed this Ag reement on the date and year first-above written.
CITY:
CITY OF BELL
_________________________________
Ali Saleh, Mayor
ATTEST:
_________________________________
Angela Bustamante
City Clerk
APPROVED AS TO FORM:
ALESHIRE & WYNDER, LLP
_______________________________
David J. Aleshire, City Attorney
CONTRACTOR:
SEQUEL CONTRACTORS, INC.
By: ____________________________
Thomas S. Pack, President
By: ____________________________
Michael A. Mahler, Secretary
Address: 13546 Imperial Highway
Santa Fe Springs, CA 90670
Two corporate officer signatures required when Contractor is a corporation, with one signature required from e ach 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
INCORPORATION, OR OTHER RULES OR R EGULATIONS APPLICABLE TO CONTRACTOR’S BUSINESS ENTITY.
CALIFORNIA ALL-PURPOSE ACKNOWLEDGMENT
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A notary public or other officer completing this certificate verifies only the identity of the individual who signed the document to which this certificate is attached, and not the truthfulness, accuracy or validity of that document.
STATE OF CALIFORNIA
COUNTY OF ________________
On ____________________ before me, ________________________________________ (insert name and title of officer)
personally appeared ________________________________________________ _______ who proved to me on the basis of satisfactory evidence to be the person(s) whose name(s) is/are subscribed to the within instrument and acknowledged to me that he/she/they executed the same in his/her/their authorized capacity(ies), and that by his/her/their signature(s) on the instrument the person(s),or the entity upon behalf of the 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: (Seal)
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A notary public or other officer completing this certificate verifies only the identity of the individual who signed the document to which this certificate is attached, and not the truthfulness, accuracy or validity of that document
STATE OF CALIFORNIA
COUNTY OF ________________
On ____________________ before me, ________________________________________ (insert name and title of officer)
personally appeared ________________________________________________ _______ who proved to me on the basis of satisfactory evidence to be the person(s) whose name(s) is/are subscribed to the within instrument and acknowledged to me that he/she/they executed the same in his/her/their authorized capacity(ies), and that by his/her/their signature(s) on the instrument the person(s),or the entity upon behalf of the 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: (Seal)
On ____________________ before me, ________________________________________
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EXHIBIT “A”
SCOPE OF WORK
I. Contractor shall perform all of the work and comply with all of the specifications and requirements in the Plans, Specifications, and Contract Documents for the project entitled STREET IMPROVEMENTS ON VARIOUS STREETS FY 2024– 2025 IN THE CITY OF BELL including any documents or exhibits referenced therein.
II. Brief description of the work to be performed:
Street Improvements on various streets. The project consists of pavement cold mill, applying ARAM, and ARHM overlay. It includes replacing sidewalk, pavement section, driveway, curb and gutter, adjusting manhole frames and valves to grade, adjusting water valve and water meter box to grade, installing detectable warning surface, speed hump, tree well vaults, irrigation, striping, and other incidental and appurtenant work necessary for the proper completion of the Project.
III. All work is subject 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.
IV. Contractor shall provide safe and continuous passage for pedestrian and vehicular traffic in accordance with the Work A rea Traffic Control Handbook (WATCH), latest edition.
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EXHIBIT “B”
SPECIAL REQUIREMENTS
(Superseding Contract Boilerplate)
Added text is shown as bold italics, deleted text is shown as strikethroughs.
Section 9.8, “Bonds”, is added to the Agreement and shall read as follows:
“9.8 Bonds.
In accordance with Section 5.4, upon execution of this Agreement and prior to commencement of work, Contractor shall provide a performance bond securing Contractor’s faithful performance of this Agreement in the amount equal to or greater than the Contract Sum. In addition, prior to commencement of work, Contractor shall provide a payment bond in the amount of the Contract Sum securing payment for all persons furnishing labor and materials in connection with the work under this Agreement in a form acceptable to the City.
If the Contract Sum is increased, Contractor shall increase the amounts of the performance bond and payment bond in the same or greater amount as the increase in the Contract Sum.
The following documents on pages CA-33 through CA-41, inclusive, shall be required to be completed and executed by Contractor and are hereby made a part of this Agreement:
o Faithful Performance Bond
o Payment Bond
o Worker’s Compensation Insurance Certificate
o Declaration of Sufficiency of Funds
o Guaranty
o Final Closeout Agreement and Release of All Claims”
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EXHIBIT “C”
SCHEDULE OF COMPENSATION
Contractor shall perform all work at the rates on the Bid Sheet submitted as part of Contractor’s Proposal, and listed below:
I. 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.
II. 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 Work is approved per Section 1.10.
III. 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.
D. Line items for all approved subcontractor labor, supplies, equipment, materials, and travel properly charged to the Services.
IV. The total compensation for the Services shall not exceed $970,144.10 as sated in Section 2.1 of this Agreement.
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EXHIBIT “D”
SCHEDULE OF PERFORMANCE
I. Contractor shall perform all work timely in accordance with the following schedule:
A. Task A Construction Schedule
Days to Perform: 10 working days from Execution of Contract Deadline Date :
B. Task B Complete All Work
Days to Perform: 45 working days after the date in the Notice to Proceed
Deadline Date :
C. Task C NOT APPLICABLE
II. Contractor shall deliver the following tangible work products to the City by the following dates.
A. Construction Schedule
B. Completion of all work per plans and specifications
III. The Contract Officer may approve extensions for performance of the services in accordance with Section 3.2.
S Maywood Ave
Legend
500' Radius
City Council Member
Property
City Boundary
Brompton
at and Sf Rlwy Union Pacific RR
Proposed Project
ATTACHMENT 2
AGREEMENT FOR CONTRACT SERVICES
By and Between
CITY OF BELL
and
WILLDAN ENGINEERING, INC.
AGREEMENT FOR CONTRACT SERVICES
BY AND BETWEEN THE CITY OF BELL AND
WILLDAN ENGINEERING, INC.
This AGREEMENT FOR CONTRACT SERVICES (herein "Agreement") is made and entered into this 23rd day of August, 2017 by and between the City of Bell, a California municipal corporation ("City") and Willdan Engineering, Inc., a California corporation ("Consultant"). City and Consultant are sometimes hereinafter individually referred to as "Party" and hereinafter collectively referred to as the "Parties".
RECITALS
A. City has sought, by issuance of a Request for Proposals or Invitation for Bids, the performance of the services defined and described particularly in Article 1 of this Agreement.
B. Consultant, following submission of a proposal or bid for the performance of the services defined and described particularly in Article I 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 Consultant for performance of those services defined and described particularly in Article I 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. SERVICES OF CONSULTANT
I.I Scope of Services.
In compliance with all terms and conditions of this Agreement, the Consultant shall provide those services specified in the "Scope of Services" 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 entering into this Agreement, Consultant represents and warrants that it has the qualifications, experience, and facilities necessary to properly perform the services required under this Agreement in a thorough, competent, and professional manner, and is experienced in performing the work and services contemplated herein. Consultant shall at all times faithfully, competently and to the best of its ability, experience and talent, perform all services described herein. Consultant 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 Agreement, the phrase "highest professional standards" shall
mean those standards of practice recognized by one or more first-class firms performing similar work under similar circumstances.
1.2 Consultant's Proposal.
The Scope of Service shall include the Consultant's scope of work or bid which shall be incorporated herein by this reference as though fully set forth herein. In the event of any inconsistency between the terms of such proposal and this Agreement, the terms of this Agreement shall govern.
1.3 Compliance with Law.
Consultant 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 Licenses, Permits, Fees and Assessments.
Consultant shall obtain at its sole cost and expense such licenses, permits and approvals as may be required by law for the performance of the services required by this Agreement.
Consultant 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 Consultant'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.
1.5 Familiarity with Work.
By executing this Agreement, Consultant warrants that Consultant (i) has thoroughly investigated and considered the scope of services 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, Consultant warrants that Consultant has or will investigate the site and is or will be fully acquainted with the conditions there existing, prior to commencement of services hereunder. Should the Consultant discover any latent or unknown conditions, which will materially affect the performance of the services hereunder, Consultant shall immediately inform the City of such fact and shall not proceed except at Consultant's risk until written instructions are received from the Contract Officer.
1.6 Care of Work.
The Consultant shall adopt reasonable methods 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 may be caused by City's own negligence. - 2 -
01135.0006/399383.2
1.7 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.
1.8 Additional Services.
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 Services or make changes by altering, adding to or deducting from said work. No such extra work may be undertaken unless a written order is first given by the Contract Officer to the Consultant, incorporating therein any adjustment in (i) the Contract Sum for the actual costs of the extra work, and/or (ii) the time to perform this Agreement, which said adjustments are subject to the written approval of the Consultant. Any increase in compensation of up to ten percent (10%) of the Contract Sum or $25,000, whichever is less; or, in the time to perform of up to one hundred eighty ( 180) days, may be approved by the Contract Officer. Any greater increases, taken either separately or cumulatively, must be approved by the City Council. It is expressly understood by Consultant that the provisions of this Section shall not apply to services specifically set forth in the Scope of Services. Consultant hereby acknowledges that it accepts the risk that the services to be provided pursuant to the Scope of Services may be more costly or time consuming than Consultant anticipates and that Consultant shall not be entitled to additional compensation therefor. City may in its sole and absolute discretion have similar work done by other contractors. No claims for an increase in the Contract Sum or time for performance shall be valid unless the procedures established in this Section are followed.
1.9 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 Consultant 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 Two Million Fifty Five Thousand Dollars and No Cents ($2,055,000.00) (the "Contract Sum"), unless additional compensation is approved pursuant to Section 1.8.
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 - 3 -
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contract retention; (iii) payment for time and materials based upon the Consultant'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 expenditures 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, and only if specified in the Schedule of Compensation. The Contract Sum shall include the attendance of Consultant 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 Consultant is required to attend additional meetings to facilitate such coordination, Consultant shall not be entitled to any additional compensation for attending said meetings.
2.4 Invoices.
Each month Consultant shall furnish to City an original invoice for all work performed and expenses incw-red during the preceding month in a form approved by City's Director of Finance. By submitting an invoice for payment under this Agreement, Consultant is certifying compliance with all provisions of the Agreement. The invoice shall detail charges for all necessary and actual expenses by the following categories: labor (by sub-category), trave], materials, equipment, supplies, and sub-contractor contracts. Sub-contractor charges shall also be detailed by such categories. Consultant shall not invoice City for any duplicate services performed by more than one person.
City shall independently review each invoice submitted by the Consultant 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 Consultant which are disputed by City, or as provided in Section 7.3, City will use its best efforts to cause Consultant to be paid within forty-five (45) days of receipt of Consultant's correct and undisputed invoice; however, Consultant acknowledges and agrees that due to City warrant run procedures, the City cannot guarantee that payment will occur within this time period. In the event any charges or expenses are disputed by City, the original invoice shall be returned by City to Consultant for correction and resubmission. Review and payment by City for any invoice provided by the Consultant shall not constitute a waiver of any rights or remedies provided herein or any applicable law.
2.5 Waiver.
Payment to Consultant for work performed pursuant to this Agreement shall not be deemed to waive any defects in work performed by Consultant.
ARTICLE 3. PERFORMANCE SCHEDULE
3.1 Time of Essence.
Time is of the essence in the performance of this Agreement. -4-
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3.2 Schedule of Performance.
Consultant 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 the "Schedule of Performance" attached hereto as Exhibit "D" and incorporated herein by this reference. When requested by the Consultant, extensions to the time period(s) specified in the Schedule of Performance may be approved in writing by the Contract Officer but not exceeding one hundred eighty (180) days cumulatively.
3.3 Force Maieure.
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 Consultant, 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 Consultant shall within ten ( I 0) 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 Consultant be entitled to recover damages against the City for any delay in the performance of this Agreement, however caused, Consultant's sole remedy being extension of the Agreement pursuant to this Section.
3.4 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) years 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 Consultant.
The following principals of Consultant ("Principals") are hereby designated as being the principals and representatives of Consultant authorized to act in its behalf with respect to the work specified herein and make all decisions in connection therewith:
William C. Pagett
(Name)
Adel M. Freii
(Name)
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Senior Vice President/Director
(Title)
Deputy Director of City Engineering
(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 foregoing principals shall be responsible during the term of this Agreement for directing all activities of Consultant and devoting sufficient time to personally supervise the services hereunder. All personnel of Consultant, and any authorized agents, shall at all times be under the exclusive direction and control of the Principals. For purposes of this Agreement, the foregoing Principals may not be replaced nor may their responsibilities be substantially reduced by Consultant without the express written approval of City. Additionally, Consultant shall utilize only competent personnel to perform services pursuant to this Agreement. Consultant shall make every reasonable effort to maintain the stability and continuity of Consultant's staff and subcontractors, if any, assigned to perform the services required under this Agreement.
Consultant shall notify City of any changes in Consultant'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 Consultant.
Consultant shall have no authority to bind City in any manner, or to incur any obligation, debt or liability of any kind on behalf of 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. Consultant shall not at any time or in any manner represent that Consultant or any of Consultant's officers, employees, or agents are in any manner officials, officers, employees or agents of City. Neither Consultant, nor any of Consultant'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. Consultant expressly waives any claim Consultant may have to any such rights.
4.3 Contract Officer.
The Contract Officer shall be the City's Director of Community Development or such person as may be designated by the City Manager. It shall be the Consultant's responsibility to assure that the Contract Officer is kept informed of the progress of the performance of the services and the Consultant shall refer any decisions which must be made by City to the Contract Officer. 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.
4.4 Independent Consultant.
Neither the City nor any of its employees shall have any control over the manner, mode or means by which Consultant, 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 Consultant's employees, servants, representatives or agents, or in fixing their number, compensation or hours of service. Consultant shall perform a11 services required herein as an independent contractor of City and shall remain at all times as to City a wholly independent - 6 -
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contractor with only such obligations as are consistent with that role. Consultant 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 Consultant in its business or otherwise or a joint venturer or a member of any joint enterprise with Consultant.
4.5 Prohibition Against Subcontracting or Assignment.
The experience, knowledge, capability and reputation of Consultant, its principals and employees were a substantial inducement for the City to enter into this Agreement. Therefore, Consultant 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. 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 Consultant, taking all transfers into account on a cumulative basis. In the event of any such unapproved transfer, including any bankruptcy proceeding, this Agreement shall be void. No approved transfer shall release the Consultant or any surety of Consultant of any liability hereunder without the express consent of City.
ARTICLE 5. INSURANCE AND INDEMNIFICATION
5.1 Insurance Coverages.
The Consultant shall procure and maintain, at its sole cost and expense, in a form and content satisfactory to City, during the entire term of this Agreement including any extension thereof, the following policies of insurance which shall cover all elected and appointed officers, employees and agents of City:
(a) Commercial General Liability Insurance (Occurrence Form CG000 l or equivalent). A policy of comprehensive general liability insurance written on a per occurrence basis for bodily injury, personal injury and property damage. The policy of insurance shall be in an amount not less than $1,000,000.00 per occurrence or if a general aggregate limit is used, then the general aggregate limit shall be twice the occurrence limit. (b) Worker's Compensation Insurance. A policy of worker's compensation insurance in such amount as will fully comply with the laws of the State of California and which shall indemnify, insure and provide legal defense for the Consultant against any loss, claim or damage arising from any injuries or occupational diseases occurring to any worker employed by or any persons retained by the Consultant in the course of carrying out the work or services contemplated in this Agreement.
(c) Automotive Insurance (Form CA 0001 (Ed 1/87) including "any auto" and endorsement CA 0025 or equivalent). A policy of comprehensive automobile liability insurance written on a per occurrence for bodily injury and property damage in an amount not less than $1,000,000. Said policy shall include coverage for owned, non-owned, leased, hired cars and any automobile.
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(d) Professional Liability. Professional liability insurance appropriate to the Consultant's profession. This coverage may be written on a "claims made" basis, and must include coverage for contractual liability. The professional liability insurance required by this Agreement must be endorsed to be applicable to claims based upon, arising out of or related to services performed under this Agreement. The insurance must be maintained for at least 5 consecutive years following the completion of Consultant's services or the termination of this Agreement. During this additional 5-year period, Consultant shall annually and upon request of the City submit written evidence of this continuous coverage. (e) Subcontractors. Consultant shall include all subcontractors as 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 insurance, as may be required in the Special Requirements in Exhibit "B".
5.2 General Insurance Requirements.
All of the above policies of insurance shall be primary insurance and shall name the City, its elected and appointed officers, employees and agents as additional insureds and any insurance maintained by City or its officers, employees or agents may apply in excess of, and not contribute with Consultant's insurance. The insurer is deemed hereof to waive all rights of subrogation and contribution it may have against the City, its officers, employees and agents and their respective insurers. Moreover, the insurance policy must specify that where the primary insured does not satisfy the self-insured retention, any additional insured may satisfy the self insured retention.
All of said policies of insurance shall provide that said insurance may not be amended or cancelled by the insurer or any party hereto without providing thirty (30) days prior written notice by certified mail return receipt requested to the City. In the event any of said policies of insurance are cancelled, the Consultant shall, prior to the cancellation date, submit new evidence of insurance in conformance with Section 5 .1 to the Contract Officer.
No work or services under this Agreement shall commence until the Consultant has provided the City with Certificates of Insurance, additional insured endorsement forms or appropriate insurance binders evidencing the above insurance coverages and said Certificates of Insurance or binders are approved by the City. City reserves the right to inspect complete, certified copies of and endorsements to all required insurance policies at any time. Any failure to comply with the reporting or other provisions of the policies including breaches or warranties shall not affect coverage provided to City.
All certificates shall name the City as additional insured (providing the appropriate endorsement) and shall conform to the following "cancellation" notice:
CANCELLATION:
SHOULD ANY OF THE ABOVE DESCRIBED POLICIES BE CANCELLED BEFORE
THE EXPIRATION DATED THEREOF, THE ISSUING COMPANY SHALL MAIL - 8 -
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THIRTY (30)-DA Y ADVANCE WRilTEN NOTICE TO CERTIFICATE HOLDER NAMED HEREIN.
[to be initialed]
Consultant Initials
City, its respective elected and appointed officers, directors, officials, employees, agents and volunteers are to be covered as additional insureds as respects: liability arising out of activities Consultant performs; products and completed operations of Consultant; premises owned, occupied or used by Consultant; or any automobiles owned, leased, hired or borrowed by Consultant. The coverage shall contain no special limitations on the scope of protection afforded to City, and their respective elected and appointed officers, officials, employees or volunteers.
Consultant's insurance shall apply separately to each insured against whom claim is made or suit is brought, except with respect to the limits of the insurer's liability.
Any deductibles or self-insured retentions must be declared to and approved by City. At the option of City, either the insurer shall reduce or eliminate such deductibles or self-insured retentions as respects City or its respective elected or appointed officers, officials, employees and volunteers or the Consultant shall procure a bond guaranteeing payment of losses and related investigations, claim administration, defense expenses and claims. The Consultant agrees that the requirement to provide insurance shall not be construed as limiting in any way the extent to which the Consultant may be held responsible for the payment of damages to any persons or property resulting from the Consultant's activities or the activities of any person or persons for which the Consultant is otherwise responsible nor shall it limit the Consultant's indemnification liabilities as provided in Section 5.3.
In the event the Consultant subcontracts any portion of the work in compliance with Section 4.5 of this Agreement, the contract between the Consultant and such subcontractor shall require the subcontractor to maintain the same policies of insurance that the Consultant is required to maintain pursuant to Section 5. I, and such certificates and endorsements shall be provided to City.
5.3 Indemnification.
To the full extent permitted by law, Consultant 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 Consultant, its officers, employees, agents, subcontractors, or invitees, or any individual or entity for which Consultant is legally liable ("indemnitors"), or arising from Consultant's or indemnitors' reckless or willful misconduct, or arising from Consultant's or indemnitors' negligent performance of or failure to perform any term, provision, covenant or condition of this Agreement, and in connection therewith:
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(a) Consultant will defend any action or actions filed in connection with any of said claims or liabilities and will pay all costs and expenses, including legal costs and attorneys' fees incurred in connection therewith;
(b) Consultant 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 Consultant hereunder; and Consultant agrees to save and hold 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 Consultant 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 Consultant hereunder, Consultant 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.
Consultant shall incorporate similar indemnity agreements with its subcontractors and if it fails to do so Consultant 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 Consultant in the performance of professional services 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 Citf 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 professional. The indemnity obligation shall be binding on successors and assigns of Consultant and shall survive termination of this Agreement.
5.4 Sufficiency of Insurer.
Insurance 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 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 Consultant agrees that the minimum limits of the insurance policies may be changed accordingly upon receipt of written notice from the Risk Manager.
ARTICLE 6. RECORDS, REPORTS, AND RELEASE OF INFORMATION 6 .1 Records.
Consultant shall keep, and require subcontractors to keep, such ledgers, books of accounts, invoices, vouchers, canceled checks, reports, studies or other documents relating to the disbursements charged to City and services performed hereunder (the "books and records"), as - 10 -
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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 three (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 Consultant's business, custody of the books and records may be given to City, and access shall be provided by Consultant's successor in interest. Notwithstanding the above, the Consultant 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.
Consultant shall periodically prepare and submit to the Contract Officer such reports concerning the performance of the services required by this Agreement as the Contract Officer shall require. Consultant 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, Consultant agrees that if Consultant 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 Consultant is providing design services, the cost of the project being designed, Consultant shall promptly notify the Contract Officer of said fact, circumstance, technique or event and the estimated increased or decreased cost related thereto and, if Consultant 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 Consultant, 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 Consultant shall have no claim for further employment or additional compensation as a result of the exercise by City of its full rights of ownership use, reuse, or assignment of the documents and materials hereunder. Any use, reuse or assignment of such completed documents for other projects and/or use of uncompleted documents without specific written authorization by the Consultant will be at the City's sole risk and without liability to Consultant, and Consultant's guarantee and warranties shall not extend to such use, reuse or assignment. Consultant may retain copies of such documents for its own use. Consultant shall have the 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 Consultant fails to secure such assignment, Consultant shall indemnify City for all damages resulting therefrom. Moreover, Consultant 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. - 11 -
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6.4 Confidentiality and Release of Information.
(a) All information gained or work product produced by Consultant in performance of this Agreement shall be considered confidential, unless such information is in the public domain or already known to Consultant. Consultant shall not release or disclose any such information or work product to persons or entities other than City without prior written authorization from the Contract Officer.
(b) Consultant, its officers, employees, agents or subcontractors, shall not, without prior written authorization from the Contract Officer or unless requested 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 order shall not be considered "voluntary" provided Consultant gives City notice of such court order or subpoena. (c) If Consultant, or any officer, employee, agent or subcontractor of Consultant, provides any information or work product in violation of this Agreement, then City shall have the right to reimbursement and indemnity from Consultant for any damages, costs and fees, including attorneys fees, caused by or incurred as a result of Consultant's conduct. (d) Consultant shall promptly notify City should Consultant, its officers, employees, agents or subcontractors be served with any summons, complaint, subpoena, notice of deposition, request for documents, interrogatories, request for admissions 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 Consultant or be present at any deposition, hearing or similar proceeding. Consultant agrees to cooperate fully with City and to provide City with the opportunity to review any response to discovery requests provided by Consultant. However, this right to review any such response does not imply or mean the right by City to control, direct, or rewrite said response.
ARTICLE 7. ENFORCEMENT OF AGREEMENT AND TERMINATION
7. I California Law.
This Agreement shall be interpreted, construed and governed both as to validity and to performance of the parties in accordance with the laws of the State of California. Legal actions concerning any dispute, claim or matter arising out of or in relation to this Agreement shall be instituted in the Superior Court of the County of Los Angeles, State of California, or any other appropriate court in such county, and Consultant 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; Default.
In the event that Consultant is in default under the terms of this Agreement, the City shall not have any obligation or duty to continue compensating Consultant for any work performed after the date of default. Instead, the City may give notice to Consultant of the default and the reasons for the default. The notice shall include the timeframe in which Consultant may cure the default. This timcframe is presumptively thirty (30) days, but may be extended, though not - 12 -
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reduced, if circumstances warrant. During the period of time that Consultant is in default, the City shall hold all invoices and shall, when the default is cured, proceed with payment on the invoices. 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 Consultant 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 Consultant'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.
7.3 Retention of Funds.
Consultant hereby authorizes City to deduct from any amount payable to Consultant (whether or not arising out of this Agreement) (i) any 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 Consultant's acts or omissions in performing or failing to perform Consultant'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 Consultant, or any indebtedness shall exist which shall appear 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 withhold shall not, however, affect the obligations of the Consultant 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 Agreement. Acceptance by City of any work or services by Consultant 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, correct or remedy any default, to recover damages for any default, to compel specific performance of this Agreement, to obtain declaratory or injunctive relief, or to obtain any other remedy consistent with the purposes of this Agreement. Notwithstanding any contrary provision herein, Consultant shall file a statutory claim pursuant to Government Code Sections 905 et seq. and 910 et seq., in order to pursue a legal action under this Agreement. - 13 -
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7.7 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 Consultant, except that where termination is due to the fault of the Consultant, the period of notice may be such shorter time as may be determined by the Contract Officer. In addition, the Consultant 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 Consultant may determine. Upon receipt of any notice of termination, Consultant shall immediately cease all services hereunder except such as may be specifically approved by the Contract Officer. Except where the Consultant has initiated termination, the Consultant 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 Consultant has initiated termination, the Consultant shall be entitled to compensation 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 .8 Termination for Default of Consultant.
If termination is due to the failure of the Consultant 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 Consultant 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 Consultant for the purpose of set-off or partial payment of the amounts owed the City as previously stated.
7.9 Attorneys' Fees.
If either party to this Agreement is required to initiate or defend or made a party to any action or proceeding in any way connected with this Agreement, the prevailing party in such action or proceeding, in addition to any other relief which may be granted, whether legal or equitable, shall be entitled to reasonable 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.
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 Consultant, or any successor in interest, in the event of any default or breach by the City or for any amount which - 14 -
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may become due to the Consultant or to its successor, or for breach of any obligation of the terms of this Agreement.
8.2 Conflict of Interest.
Consultant 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 Consultant's performance of services under this Agreement. Consultant 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. Consultant 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 interest, direct or indirect, in this Agreement nor shall any such officer or employee participate in any decision relating to the Agreement which affects her/his financial interest or the financial interest of any corporation, partnership or association in which (s)he is, directly or indirectly, interested, in violation of any State statute or regulation. The Consultant 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.
Consultant covenants that, by and for itself, its heirs, executors, assigns, and all persons claiming under or through them, that there shall be no discrimination against or segregation of, any person or group of persons on account of race, color, creed, religion, sex, gender, sexual orientation, marital status, national origin, ancestry or other protected class in the performance of this Agreement. Consultant 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.
Consultant hereby promises and agrees to comply with all of the provisions of the Federal Immigration and Nationality Act, 8 U.S.C.A. §§ 1101, et seq., as amended, and in connection therewith, shall not employ unauthorized aliens as defined therein. Should Consultant so employ 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, Consultant 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 (with her/his name and City title), City of Bell, 6330 - 15 -
01135.0006/399383.2
Pine Avenue, Bell, CA 90201 and in the case of the Consultant, to the person(s) 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.
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 supersedes and cancels any and all previous negotiations, arrangements, agreements and understandings, if any, between the parties, and none shall be used to interpret this Agreement. No amendment to or modification of this Agreement shall be valid unless made in writing and approved by the Consultant 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 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 consistent with State law and shall not include interests found to be "remote" or "noninterests" pursuant to Government Code Sections 1091 or 1091.5. Consultant warrants and represents that it has not paid or given, and will not pay or give, to any third party including, but not limited to, any City otlicial, officer, or employee, any money, consideration, or - 16 -
01135.0006/399383.2
other thing of value as a result or consequence of obtaining or being awarded any agreement.
Consultant 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. Consultant 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. .£J
Consultant's Authorized Initials 1J..!/_
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) that entering into this Agreement does not violate any provision of any other Agreement to which said party is bound. This Agreement shall be binding upon the heirs, executors, administrators, successors and assigns of the parties. [SIGNATURES ON FOLLOWING PAGE]
- 17 -
01135.0006/399383.2
IN WITNESS WHEREOF , the parties hereto have executed this Agreement on the date and year first-above written.
Al TES T:
A~
City Clerk
APPROVED AS TO FORM:
ALESHIRE & WYNDER, LLP
c;z~
City Attorney
CITY :
CITY OF BELL, a municipal corporation
m ~
Mayor
CONSULTANT :
By:-J-~,..a.<"""""--,---.:,,..::::~---i~ ,,...,_.,.___-,--_ Name: Wt! (,~
Title: c:; e., {I, <.~
By ~ ~ Name: IJ (la(_ 1-1 · :_
Ti tie: <J1 ~f!crf"Y (} < 1'-de.JTd Y!.
Address: 13191 Crossroads Parkway North
Suite 405
Industry, California 91746-3497
Two corporate officer sig natur es requ ired when Consultant is a corpora tion, with one signature requi red from each of the followin g groups: I) C hairman of the Board , President or any Vice President; and 2) Secretary, a ny Assistant Secretary, C hief Financi al Offi cer or an y Assistant Trea s urer. CONSULTANT 'S
S IGN ATURE S S HALL BE DULY NOTAR IZED , ANO APPROPRIATE ATTESTATIONS S HALL BE
IN C LUDED AS MAY BE REQUIR ED BY THE BYLAWS , ARTICLES OF INCORPORATION , OR OTHER RULES OR REGULATIONS APPLI CA BLE TO CONSULTANT'S BUSINESS ENTITY. - 18 -
0 I I 35.0006/399383.2
CALIFORNIA ALL-PURPOSE ACKNOWLEDGMENT CIVIL CODE § 1189 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.
County o /'J'O ~
Stateof ~m~
o~~ZtJtJ before me, ~ 1'11 ~,A)~/?~
_ Here ~;ne andT/fle of the Officer Date
personally appea red _W,~~~~-·--~c~e~a .... 4~e-xf:;_~~---------- - NaR-le(s) of Signer(s)
who proved to me on the basis of satisfactory evidence to be the person(s) whose name(s) is/are subscribed to the within instrume nt and acknowledged to me that he/she/ they executed the same in his/her/the ir 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.
Place Notary Seal Above
I certify under PENAL TY OF PERJURY under the laws
of the State of California that the foregoing paragraph is true and correct.
WITNESS my hand and official seal.
Signatur~ ~ ..,?U
Signa.iu; ~ N;tary Public
----------------OPTIONAL----------------
Though this section is optional, completing this information can deter alteration of the document or fraudulent reattachment of this form to an unintended document.
Description of Attached Document
Title or Type of Document: ____________ _
Number of Pages: ___ Signer(s) Other Than
Capacity(ies) Claimed by Signer(s)
Signer's Name: --------- - ~..c:.._
O Corporate Officer - Title(s): --~-- -
□ Partner - D Limited □ Gener
D Individual □ Attorne ·
[] Trustee Gu 1an or Conservator
□ Other: ____ ,,,,_ ___ ______ _
Signer Is Represe.{lting: _________ _
Signer's Name: __________ __ _
D Corporate Officer - Title(s): ______ _
□ Partner - D Limited D General
:l Individual D Attorney in Fact
□ Trustee ~ Guardian or Conservator
..J Other: ____ ______ ____ _
Signer Is Representing: _______ __ _
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CALIFORNIA ALL-PURPOSE ACKNOWLEDGMENT CIVIL CODE § 1189 A notary public or other officer completing this certificate verifies only the identity of the individual who signed the document to which this certificate is attached, and not the truthfulness, accuracy, or validity of that document.
State of C~~orn ia
County 06{JcJ."-'-'-l~--'-"'---"<---------
on 0&;/~ _z. .2-t/ 17 before me, ~#z~ ~~ ,
Date Here lnseri]}smeand Tftleofjteofflce r
personally appeared a c,l J ~ ~~",,,.
~~) of Signer(s)
who proved to me on the basis of satisfactory evidence to be the person(s) whose name(s) is/are subscribed to the within instrument and acknowledged to me that he/she/they executed the same in his/her/their authorized capacity(ies) , and that by his/her/their signature(s) on the instrument the person(s), or the entity upon behalf of which the person(s) acted, executed the instrument. 1············f ANNETTE M. ZAMORA
:@· -~-~ Notary Public - California z
::? · .• Los Angeles County ls:
z .. Commission #2181297 -
My Comm. Expires Feb 20, 2021
Place Notary Seal Above
I certify under PENAL TY OF PERJURY under the laws
of the State of California that the foregoing paragraph is true and correct.
WITNESS my hand and official seal.
Signatur~ ~ ~
Signature ot.taryPub/ic
----------------OPTIONAL----------------
Though this section is optional, completing this information can deter alteration of the document or fraudulent reattachment of this form to an unintended document.
Description of Attached Document
Title or Type of Document: _________ _ ___ Document Date: _______ _ Number of Pages: ___ Signer(s) Other Than Named Above: _______ _ ____ _ Capacity (ies) Claimed by Signer (s)
Signer's Name: _ ________ ___ _ Signer's Name: _ ______ _____ _ □ Corporate Officer - Title(s): _ _____ _ [1 Corporate Officer - Title(s): _ _____ _ □ Partner - □ Limited □ General □ Partner - □ Limited □ General □ Individual □ Attorney in Fact □ Individual □ Attorney in Fact □ Trustee □ Guardian or Conservator □ Trustee □ Guardian or Conservator · □ Other: ______ _____ ___ _ □ Othe r: ___ ______ _ ___ _ Signer Is Representing: _________ _ Signer Is Representing: _ _______ _ _ ,K,'g,"g,~'g,'C<,'g,~'g,'Q(,~'QCg;.'!X,~'<'.X.'g;,~~'g;,'g;,'G(;.~~-g;~-g;,'gj.'fil;,~~-g;.~~~ ©2014 National Notary Association· www.NationalNotary.org • 1-800-US NOTARY (1 -800-876-6827) Item #5907
EXHIBIT "A"
SCOPE OF SERVICES
I. Consultant will provide contract city engineering services, public works and inspection services, development review and control services, and engineering services for capital improvement projects for, and on behalf of, the City (collectively "Services''). The Services shall include, but not be limited to, the following:
A.
0 I I 35.0006/399383.2
City Engineering Services.
1. Consultant shall provide a highly qualified individual to serve as the City's contract City Engineer, who shall work out of City Hall an average of not less than 8 hours weekly and available on an as-needed basis for additional hours as approved by the Contract Officer.
2. Consultant shall provide a highly qualified individual to serve as the City's contract Deputy City Engineer (Senior Engineer IV classification), who shall work out of City Hall a minimum of 24 hours per week, 4 hours per day Monday through Thursday, and 8 hours on Friday.
3. Consultant, through its contract City Engineer, Deputy City Engineer, and/or other Consultant representatives, shall:
a. Attend meetings of the City Council/Successor Agency, Planning Commission, City staff, public officials, community leaders, developers, contractors, and the general public; and b. Analyze the City's needs and prepare, recommend and
administer long- and short range programs consistent with the economic capabilities of the City. This task would include the preparation of annual Capital Improvement Projects,
programmatic and budget components, for the City and the Successor Agency; and
c. Review and comment on planning programs and land
development projects; and
d. Provide general engineering consultation in connection with issues/services such as traffic congestion, street signage programs, water services, etc.; and
e. Recommend regulations and ordinances pertaining to
engineering matters; and
01135.0006/399383.2
f. Provide technical advice to the City's personnel assigned to public works maintenance activities; and
g. Advise the City regarding engineering, construction financing and grant funding opportunities available from other
governmental agencies and, when directed; and
h. Make recommendations pertaining to land development
project control; and
i. Establish working relationships and coordinate joint efforts with other public agencies and private utilities on engineering matters affecting the City.
4. Consultant shall provide a highly qualified individual to serve as the City's contract Traffic Engineer, who shall be at City Hall an average of not less than 4 hours weekly and available on an as-needed basis for additional hours as approved by the Contract Officer, and who shall:
a. Attend meetings of the City Council/Successor Agency, Planning Commission, City staff, public officials, community leaders, developers, contractors, and the general public; and b. Advise and assist the City Council Successor Agency, City's departments, commissions and committees and provide
interface with regional and State transportation agencies; and c. Assess the potential traffic impact of proposed development projects; and
d. When requested, prepare engineering reports for the City in response to requests for traffic control device installations and modifications, such as stop signs, crosswalks, traffic
channelization and speed zones; and
e. Prepare grant applications for funding from Federal, State and regional agencies for traffic safety studies and improvements; and
f. Identify, review and develop recommendations for corrective measures at locations experiencing accident rates higher than normally anticipated; and
g. Provide technical advice to City's staff in connection with the maintenance and operation of the City's traffic signal facilities.
B. Public Works Permit and Inspection. Consultant shall provide highly qualified individual(s) to perform public works permit and inspection related services including, but not limited to, the following:
1. Providing a qualified public works inspector at City Hall to handle public works permits and other engineering-related matters at the public counter; and
2. Assisting the City's Building and Planning staff in the receipt and processing of public works permit applications; and
3. Providing construction inspection services for permit work within the public right-of-way.
C. Development Review and Control Services. Consultant shall provide highly qualified individual(s) to perform development review and control services including, but not limited to, the following:
1. Reviewing proposed, tentative tract and parcel maps, site plans, and other submittals for development/redevelopment projects and make pertinent recommendations; and
2. Performing statutory functions of City Engineer concerning the review, check and approval of land divisions; and
3. Checking all improvement plans for facilities under the City's jurisdiction prepared by private developers; and
4. Establishing performance and labor and materials bond amounts when required and coordinate the posting of such securities within the proper time sequence; and
5. Providing field inspection during construction of improvements by private developers and recommend the filing of the pertinent notices of completion and acceptance of work; and
6. Providing such necessary and related functions as are normal practice of City's Engineering Office in the review of private development projects.
D. Engineering Services for Capital Improvement Projects. Consultant shall provide highly qualified individual(s) to perform engineering services for capital improvement projects including, but not limited to, the following:
1. Providing estimates for engineering and construction costs; and 0 l I 35.0006/399383.2
2. Preparing engineering plans and specifications; and
3. Performing architect and engineer land surveys; and
4. Recommending contractor selection and monitor public works construction:
a. Preparing bids and supervise bid procedures per City, State and Federal procurement requirements as applicable; and b. Conducting pre-construction meetings; and
c. Preparing and administrate construction contracts; and d. Conducting on-site inspections to monitor compliance with plans and specifications.
5. Maintaining project records of specifications and addendums, procurement of contractors and construction monitoring. All original documents shall be kept in City Hall; and
6. Resolving disputes over contracts; and
7. Preparing progress and final payment reports to the City.
II. As part of the Services, Consultant will prepare and deliver the following tangible work products to the City:
A. All documents referenced in, or prepared in furtherance of the Services described in, Section I of this Exhibit "A"
III. In addition to the requirements of Section 6.2, during performance of the Services, Consultant will keep the City appraised of the status of performance by delivering the following status reports:
A. Monthly reporting of activities relating to the Services described in Section I of this Exhibit "A."
8. Annual repo11ing of activities relating to the Services described in Section I of this Exhibit "A."
IV. All work product is subject to review and acceptance by the City, and must be revised by the Consultant without additional charge to the City until found satisfactory and accepted by City.
V. As part of its Services, and at no cost to the City, Consultant shall provide City residents/students with engineering internship opportunities. Consultant will 01135.0006/399383.2
manage the Engineering Internship Program and review applications of Bell students studying engineering. Consultant agrees to participate in additional Community Involvement programs that the City may have and will work with the City to make those programs a success.
VI. Consultant will utilize the following personnel as necessary to accomplish the Services. Any changes to the persons identified below shall first be approved by the Contract Officer in writing:
A. William Pagett, P.E., Director, serving as City Engineer B. Greg Lindsay, P.E., Deputy City Engineer, serving as Deputy City Engineer C. Marlene Miyoshi, Project Manager
D. Adel Freij, Deputy Director
0 I 135.0006/399383.2
EXHIBIT "B"
SPECIAL REQUIREMENTS
(Superseding Contract Boilerplate)
Section 5.2, "General Insurance Requirements," is hereby amended and shall read as follows:
"5.2 General Insurance Requirements.
All of the above policies of insurance shall be primary insurance and, with the exceptions of professional liability insurance and workers compensation insurance, shall name the City, its elected and appointed officers, employees and agents as additional insureds and any insurance maintained by City or its officers, employees or agents may apply in excess of, and not contribute with Consultant's insurance. The insurer is deemed hereof to waive all rights of subrogation and contribution it may have against the City, its officers, employees and agents and their respective insurers. Moreover, the insurance policy must specify that where the primary insured does not satisfy the self-insured retention, any additional insured may satisfy the self insured retention.
All of said policies of insurance shall provide that said insurance may not be amended or cancelled by the insurer or any party hereto without providing thirty (30) days prior written notice by certified mail return receipt requested to the City. In the event any of said policies of insurance are cancelled, the Consultant shall, prior to the cancellation date, submit new evidence of insurance in conformance with Section 5 .1 to the Contract Officer.
No work or services under this Agreement shall commence until the Consultant has provided the City with Certificates of Insurance, additional insured endorsement forms or appropriate insurance binders evidencing the above insurance coverages and said Certificates of Insurance or binders are approved by the City. City reserves the right to inspect complete, certified copies of and endorsements to all required insurance policies at any time. Any failure to comply with the reporting or other provisions of the policies including breaches or warranties shall not affect coverage provided to City.
All certificates, with the exceptions of professional liability insurance and workers compensation insurance, shall name the City as additional insured (providing the appropriate endorsement) and shall conform to the following "cancellation" notice:
CANCELLATION:
SHOULD ANY OF THE ABOVE DESCRIBED POLICIES BE CANCELLED BEFORE
THE EXPIRATION DATED THEREOF, THE ISSUING COMPANY SHALL MAIL THIRTY (30)-DA Y ADVANCE WRITTEN NOTICE TO CERTIFICATE HOLDER NAMED HEREIN.
[to be initialed]
0l 135.0006/399383.2
Consultant Initials
City, its respective elected and appointed officers, directors, officials, employees, agents and volunteers are to be covered as additional insureds as respects: liability arising out of activities Consultant performs; products and completed operations of Consultant; premises owned, occupied or used by Consultant; or any automobiles owned, leased, hired or borrowed by Consultant. The coverage shall contain no special limitations on the scope of protection afforded to City, and their respective elected and appointed officers, officials, employees or volunteers.
Consultant's insurance shall apply separately to each insured against whom claim is made or suit is brought, except with respect to the limits of the insurer's liability.
Any deductibles or self-insured retentions must be declared to and approved by City. At the option of City, either the insurer shall reduce or eliminate such deductibles or self-insured retentions as respects City or its respective elected or appointed officers, officials, employees and volunteers or the Consultant shall procure a bond guaranteeing payment of losses and related investigations, claim administration, defense expenses and claims. The Consultant agrees that the requirement to provide insurance shall not be construed as limiting in any way the extent to which the Consultant may be held responsible for the payment of damages to any persons or property resulting from the Consultant's activities or the activities of any person or persons for which the Consultant is otherwise responsible nor shall it limit the Consultant's indemnification liabilities as provided in Section 5.3.
In the event the Consultant subcontracts any portion of the work in compliance with Section 4.5 of this Agreement, the contract between the Consultant and such subcontractor shall require the subcontractor to maintain the same policies of insurance that the Consultant is required to maintain pursuant to Section 5.1, and such certificates and endorsements shall be provided to City."
Subsection (c) of Section 5.3, "General Insurance Requirements," is hereby amended and shall read as follows:
"5.3 Indemnification.
To the full extent permitted by law, Consultant 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 Consultant, its officers, employees, agents, subcontractors, or invitees, or any individual or entity for which Consultant is legally liable ("indemnitors"), or arising from Consultant's or indemnitors' reckless or willful misconduct, or arising from Consultant's or indemnitors' negligent performance of or failure to perform any term, provision, covenant or condition of this Agreement, and in connection therewith:
0l 135.0006/399383.2
(a) Consultant will defend any action or actions filed in connection with any of said claims or liabilities and will pay all costs and expenses, including legal costs and attorneys' fees incurred in connection therewith;
(b) Consultant 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 Consultant hereunder; and Consultant agrees to save and hold 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 Consultant 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 Consultant hereunder, Consultant 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 proportion to Consultant's proportion of fault.
Consultant shall incorporate similar indemnity agreements with its subcontractors and if it fails to do so Consultant 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 Consultant in the performance of professional services 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 professional. The indemnity obligation shall be binding on successors and assigns of Consultant and shall survive termination of this Agreement."
01135.0006/399383.2
EXHIBIT "C"
SCHEDULE OF COMPENSATION
I. Consultant shall perform and complete the categories of Services identified in Section I of Exhibit A based on the following annual sub-budgets using the rates set forth in Exhibit "C-1" and, as applicable, Exhibit "C-2":
Services Sub-Budget
City Engineering Services $375,000.00
Public Works Permit and Inspection Services $65,000.00
Development Review and Control Services $15,000.00
Engineering Services for Capital $230,000.00
Improvement Projects
Annual Budget $685,000.00
II. Within the budgeted amounts identified in Section II above, and with the approval of the Contract Officer, funds may be shifted from one sub-budget to another so long as the Contract Sum is not exceeded per Section 2.1, unless Additional Services are approved per Section 1.8.
III. The City will compensate Consultant 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.
D. Line items for all approved subcontractor labor, supplies, equipment, materials, and travel properly charged to the Services.
IV. The total compensation for the Services shall not exceed Two Million Fifty Five Thousand Dollars and No Cents ($2,055,000.00) (the "Contract Sum"), as provided Ol 135.0006/399383.2
in Section 2.1 of this Agreement, with an annual not-to-exceed amount of Six Hundred Eight Five Thousand Dollars and No Cents ($685,000.00) per year. 0l 135.0006/399383.2
EXHIBIT "C-1"
HOURLY RATES OF SPECIFIC PERSONS ASSIGNED TO THE CITY
Title Name of Individual
Director
0l 135.0006/399383.2
EXHIBIT "C-2"
GENERAL CONSULTANT RATES
FOR PERSONNEL AS MAY BE NEEDED ON A CASE BY CASE BASIS
AND PRE-APPROVED BY THE CONTRACT OFFICER
01135.0006/399383.2
" WILLDAN I
ENGINEERING
Technical Aide I $ 60.00
Technical Aide II 77.00
Technical Aide 111 95.00
Drafter I 96.00
Drafter II 112.00
Senior Drafter 124.00
GIS Analyst I 129.00
GIS Analys t 11 146.00
GIS Analystlll 160.00
Designer I 129.00
Designe r II 134.00
Senior Designer I 141.00
Senio r Designer II 148.00
Assistant Engineer I 102.00
Assista nt Engineer II 122.00
Assistan t Engineer Ill 128.00
Assistant Engineer IV 133.00
Associate Engint.-er I 135.00
Associate Engint.>cr II 142.00
Associate Engineer Ill 149.00
Design Manager 151.00
Senior Design Manager 157.00
Senior Engineer I 1S2.00
Senior Engineer II 155.00
Senior Engineer Ill 161.00
Senior Engineer IV 165.00
Supervising Engineer 178.00
Project Manager I 130.00
Project Manager II 158.00
Project Manager Ill 175.00
Project Manager IV 185.00
Program Manager 185.00
rrafflc Engineer I 176.00
rraffi c Engineer II 185.00
City Engineer I 185.00
City Engineer II 185.00
Princip al Project Manager 185.00
Deputy Directo r 180.00
Olrt.sctor 180.00
Princl i al En~inecr 180.00
11·!~1t«i·iti·idiiliii,liJd
Assistant Landscape Architect S112.00
Associa te Landscape Archi tect 129.00
Senior Landscape Architect 141.00
Principa l Landscape Archi tect 160.00
Principal Project Manage r 185.00
WILLDAN ENGINEERING
Schedule of Hourly Rates
CONSTRUCTION MANAGEMENT
Labor Comp liance Specialist
Labor Compliance Manager
Utility Coordinator
Assistant Construction ManaBcr
Construction Manager
Senior Construction Manager
Project Manager IV
Deputy Directo r
Director
INSPECTION SERVICES
Public Works Observe r 1•
Public Works Observe r 11•
Senior Public Works Observe r 1•
Senior Public Works Observer II'
Senior Public Works Observer 111·
Senior Public Works Observer IV'
Senior Public Works Observer v·
$107.00
134.00
141.00
134.00
157.00
165.00
185.00
185.00
185.00
$83.00
91.00 99.00
110.00
119.00
U6.00
134.00
MAPPING ANO EXPERT SERVICES
Survey Analys t I
Survey Analy st II
Calculator I
Calculator II
Calculator Ill
Senior Survey Analys t
Supervisor - Survey & Mapping
Principal Project Manag er
BUILDING ANO SAFETY
Assistant Code Enforcement Offic er
Plans Examiner Aide
Assistant Construction Permit
Specialist
Construct ion Penni! Specialist
Code Enforcement Offic er
Assistant Building Inspector•
Senior Code Enforceme nt Officer
s~nior Construct ion Permi t
Specialist
Supervising Const ruction Permit
Specialist
Building Inspec tor•
Supervisor Code Enforcement
Senior Building Inspector
Plans Examiner
$112.00
129.00
112.00
124.00
135.00
146.00
165.00
185.00
$ 7 9.00
85.00 95.00
90.00 90.00
107.00
112.00
112.00
118.00
118.00
129.00
129.00
129.00
ElfecHveJune 12, 2017toJune30. 2018
UIL0ING ANO SAFElY
Supervising Uulldlng Inspector
Senior Plans Examiner
Inspector of Record
Deputy Uullding Olliclal
Plan Check Engine-er
Building Official
Supervising Plan Check Engineer
Principal Project Manager
Deputy Director
Director
LANNING
Community Development 'fechnlclan
Planning Technician
<lsslstant Planner
4ssistant Community Developmen t
Planner
._, soclate Community Development
Planner
4ssocla tc Planner
Senior Community Development
Planner
Senior Planner
Principa l Commun ity Development
Plan ner
Principa l Planner
Planning Manager
Deputy Director
Director
OMINISTRATIVE SUPPORT
6-dmlni, traliv e Assistant I
4dmlnis trativc Assistant II
~dmlnlstrativc Assistant Ill
Project Accountan t I
Project Accountant II
ProjL'CI Controller I
ProjL'CI Controller II
$141.00
155.00
155.00
155.00
155.00
160.00
160.00
185.00
185.00
185.00
$95.00
95.00 118.00
118.00
129.00
129.00
146.00
146.00
160.00
160.00
180.00
185.00
185.00
S 70.00
85.00 99.00
80.00 93.00
99.00 112.00
Mileage reimbursement will be charged at the current Federal guideline rate at the time of billing , Vehides will be cha rged at a monthly rate of $500.00.
• S138 per hour For Prevailing Wage Protect
Additional billing classifications may be added to the above listing during the year as new positions are created . Consultation In connection with litigatk>n and court appearan ces will be quoted separately . The above schedule is for strc1ight time . overtime will be charged at 1.5 times, and Sundays and holidays, 2.0 times the standard rates. Bluep rinti ng. reproduction, messenger services, and printing will be Invoiced at cost plus fifteen percent (1S%). A sub consultant manar,ement lee or rilteen percent (15%) w,11 be added to the direct cost or all sub consultant services to provide for the cost of .1dministration, consultation , and coordinat ion. Valtd June 12, 2017 thru June 30, 2018, thereafter, the rate!. may be raised once per year to the value of change of the Consumer Price Index for the Los Angeles/Orang e County/5.:lcramento/San Franetsco/San Jose area, but not more than five percent per year.
COMPRE HENSIVE. INNOVAT IVE. TRUSTED. w:
Exhibit C-2
WILLDAN I
TECHNICAL STAFF
---.-•""·"'- ~;-:;;,~·"'"1'5_'J';x'~'[,.,-m-,-.. =1::~• ; Geotechnical ~~,~s;~fr,"t<f];.;mn{.'!;-'4'.<'t.-!ii.il~.
Soil Technician (Non-prevailing Wages)
Sr. Soil Technician (Non -prevailin g Wages)
Soil Technician (Prevailing Wages)
Sr. Soil Technician (Prevailing Wages)
Assistant Engineer Ill
Associate Engineer II
Senior Engineer Ill
Assistant Geologi st Ill
Associate Geologist II
Senior Geologist Ill
Supervising Engineer/Geotechnica I
Engineer/Geologist
Principa I Engineer /Geologi st
82.00 92.00
112.00
112.00
128.00
142.00
161.00
118.00
142.00
161.00
178.00
18S.OO
ecial Ins ection (Concrete, Structural Steel, Welding) .-, Special Inspection (Non-Prevailin g Wages)
Special Inspection (Prevailin g Wages)
Supervisor
Constructi on Material Engineer
76.00 112.00
127.00
161.00
WILLDAN GEOTECHNICAL
Fee Schedule-Personnel
Effec tive June 12. 2017 to June 30. 2018
ADMINISTRATIVE
Administrative Assistant I
Administrative Assistant II
Administra tive Assistant Ill
Senior Drafter/CAD Operator
EXPERT WITNESS
Principal Engineer/Geologist
70.00 85.00
99.00 124.00
350.00
atf assignments depend on availability of personnel. site locat ion, and the level of experience that will satisfy the technical requiremen ts of the project and eet the prevailing standard of professional care. The above schedule is for straigh t time . Overt ime will be charged at l.Stimes , and Sundays and holidays, .0 t imes the standard rat es. Travel tim e to and from t he job site will be charged at t he hourly rates for the appropriate perso nnel. Blueprinti ng, reproduction , essenger services, and printing will be invoiced at cost plu s fifteen percent (15%). A subconsultant management fee of fifteen percent (15%) will be added to e direct cost of all subconsultant services to provide for t he cost of admin istra tion, consultation, and coordination . Mileage/Fie ld Vehicle usage will be arged at t he rate in accordance with the current FTR mileage reimbursement rate . subject to nego tiation. These labor billing rates will be subjected to a 4% nnual escalation and will be automat ically adjusted in the Invoices.
CO MPREHENSIVE. INN OVATIVE. TRUSTED. -
Exhibit C-2
W,w1LLDAN I
IDENTIFICATION AND INDEX PROPERTIES
In-Situ Moisture and Density (ASTM 02937)
Grain Size Analysls (ASTM 0422)
Sieve Only (3" to #200)
One Point
Specific Gravity (ASTM D854)
Sand Equivalent (ASTM D2419)
Percent Passing #200 Sieve (ASTM 01140)
Atterberg Limits (ASTM 04318) Mufti Point
Sieve and Hydrometer
COMPACTION AND BEARING STRENGTH
Modified Proctor Compaction (ASTM 01557)
Method A or B (4" Mold)
Method A or B (6" Mold)
Compaction, California 216
R-Value
Californla Bearln g RatioCBR (ASTM 01883)
3 points
SHEAR STRENGTH
Torvane/Pocket Penetrometer
Direct Shear- per point
Consolidated-Drained per pt. (ASTM 03080)
Residual per pt
Unconfined Comp ression (ASTM D2166)
Unconsolidated-Undrained (UU)
ASPHALT TESTS
Wash Gradation
Extraction/Asphalt
Hveem/Marsha ll Maximum Density
20.00 70.00
75.00 75.00
75.00 50.00
110.00
120.00
165.00
175.00
180.00
250.00
450.00
15.00 85.00
120.00
120.00
150.00
100.00
185.00
220.00
WILLDAN GEOTECHNICAL
Laboratory Fees
Effective June 12, 2017 toJune30. 2018
CONSOLIDATION/COLLAPSE AND SWELL TESTS
Additional load increment
Additional Time rate per load Increment
Slngle point (collapse test)
Remolded sample per specimen
Single Load Swell (ASTM 04S46)
Ring sample, field moisture
Ring sample, air dried
Expansion Index (ASTM D4829/UBC 29-2)
Consolidat ion (ASTM 02435)
8 load Increments w/one time-rate
LABORATORY PERMEABILITY
Constant Head (ASTM 02434)
Falling Head Rexlble Wall (ASTM 05084)
Trlaxial Permeability (EPA 9100)
CHEMICAL TESTS
Organic content (ASTM D2974)
Corrosivlty (pH, resistiv ity, sulfate s, chlorldes)
CONSTRUCTION MATERIAL TESTING
Concrete Test Report
6 X12 Concrete Cytlnder (C39)
2", 4", 6" Diameter Concrete Cores (Test Only)
M ortar and Grout, Cylinder and CUbes
Cylinders Pick-up
Reinforcing Steel, Tensile and Bend Tests
25.00 50.00
50.00 70.00
70.00 125.00
160.00
235.00
285.00
330.00
70.00 165.00
12.00 25.00
25.00 25.00
45.00 60.00
Unit ra tes presented are for routinely performed geotechnial a nd construction material laborato ry tett:s. Other te:ru can be performed in our laboratory , in dud in£ roclc coro, ~ii ce ment. and soil licno tests . Additional tests wil be quoted on request. The rate~ will remain firm for .a period of 120 d.a~ from the data of thi:. submitta l. Unit rate s: presented herein a ssume samples ;are unconta minilted and do not contain hea•,y matab:, acKk, cardnogons, or vol.a tile oraaniccompound s that an be ma nu rad by iln OVA or PIO with concentrat K:lns crc::ater th.In SO ppm. Willdan will not accep t con t-1min.atcd sampkl s. Uncon taminited samples wil be disposed of 30 days after presentation of test results . The rate s will be :;ubiocted to a 4% annu al esal.at ion and wil be automaticady adjusted in tha invoices.
COMPREHENS IVE. INNOVATIVE. TRUSTED. w
Exhibit C-2
W,w1LLDAN I
TECHNICAL STAFF
Assistant Analyst
Analyst
Senior Analyst
Senior Project Analyst
Project Manager
Senior Project Mana ger
Principal Consultant/ Managing Principal
Group Man ager
WILLDAN FINANCIAL
Schedule of Hourly Rates
Effective June 12, 2017 to June 30, 2018
$ 75.00
100.00
120.00
130.00
145.00
165.00
200.00
210.00
M ileage rcimour!i;Cment wi1I be cha,ged al the current FcdC'1"31 cu'.cJe'ine · ate at the lime of billing Vehid ci will be charged at a month ly rate of $500. 00. • P1ev,.11!in11: Wage Project, U\C Sl 16.00
Additional billing classificat ions may be added to the above listing durinR the year as new positions are created. Consultation In connection with litigat ion and court appearances will be quoted separately. The above schedule is for straiRht time. Overtime w,11 be charged at 1.5 times, and Sundays and holidays, 2.0 times the standard rates. Blueprint ing, reproduction, messenRer services, and prlntinr. will be invoiced at cost plus fifteen percent 115%). A sub consultant management fee of fifteen percent (15%) w,11 be added to the direct cost of all sub consultant services to provide for the cost of admi nistration, consultation, and coordination. Valid July 1, 2014 thru June 30, 2015, thereafter , the rates may be raised once per year to the value of change of the Consumer Price Index for the l os Angeles/Orange County/Sacramento/San Francisco/San Jose area, but not more than five percent per \'ear.
COMPREHENSIVE. INNOVATIVE. TRUSTED. «
Exhibit C-2
EXHIBIT "D"
SCHEDULE OF PERFORMANCE
I. Unless earlier terminated in accordance with Article 7 of this Agreement, this Agreement shall continue in full force and effect until June 30, 2020. The City Council, in its sole and absolute discretion, shall have the option to extend the term of the Agreement with up to two (2) one-year extensions thereafter upon the same terms and conditions.
II. Consultant shall perform the Services described in Section I.A of Exhibit A timely in accordance with the following schedule:
City Engineerine Services Timeframe for Completion
All Duties set forth in Section A of Section I of Exhibit As directed by the Contract "A" Officer
Public Works Permit and Inspection Services '·. :-Tiinefratne.·for.CompJeti.01f · All Duties set forth in Section B of Section I of Exhibit As directed by the Contract "A" Officer
Development Review and Control Services Timeframe for Completion All Duties set forth in Section C of Section I of Exhibit As directed by the Contract "A" Officer
Engineering Services for Capital Improvement Projects
All Duties set forth in Section D of Section I of Exhibit As directed by the Contract "A" Officer
III. The Contract Officer may approve extensions for performance of the services in accordance with Section 3.2.
Ol 135.0006/399383.2
,.
01135.0006 2009615.2 1
Attachment 3
AMENDMENT NO. 7
TO AGREEMENT FOR CONTRACTUAL SERVICES
THIS AMENDMENT TO THE AGREEMENT FOR CONTRACTUAL SERVICES (“Amendment No. 7”) by and between the CITY OF BELL (“City”) and WILLDAN ENGINEERING, INC., a California corporation (“Consultant”) is effective as of the day of 2025.
RECITALS
A. City and Consultant entered into that certain agreement for Contractual Services dated August 23, 2017 ("Initial Agreement") whereby Consultant agreed to provide city engineering services, public works and inspection services, development review and control services, and engineering services for capital improvement projects (the "Services") through June 30, 2020, for a Contract Sum of $2,055,000, with an annual not-to-exceed amount of $685,000.
B. City and Consultant entered into Amendment No. 1 to the Initial Agreement, dated July 24, 2019, Amendment No. 2 to the Initial Agreement, dated May 13, 2020, Amendment No.3, dated June 23, 2021, Amendment No. 4, dated June 8, 2022, Amendment No. 5, dated May 24, 2023, and Amendment No. 6, dated June 12, 2024 (the Initial Agreement, as amended is collectively referred to as the "Agreement" herein) increasing the compensation due to additional services and projects and extending the term of the Agreement to June 30, 2025.
C. The City and Consultant now desire to extend the term of the Agreement and provide for the extension of the Agreement.
D. By this Amendment No. 7, the City desires to extend the Agreement through June 30, 2026 and increase the annual not-to-exceed amount to $ 987,380 and the maximum compensation from $8,998,695 to $9,986,075.
E. The total maximum compensation of $9,986,075 is comprised of the actual cost already paid for services between August 23, 2017 and June 30, 2019 ($1,656,000); the actual cost already paid for services, the outstanding unpaid balance for services incurred, and the estimated balance for services requested by the City between July 1, 2019 and June 30, 2020 ($1,450,267); the actual cost of services between July 1, 2020 and June 30, 2021 ($1,800,000); the actual cost of services between July 1, 2021 and June 30, 2022 ($1, l 05,000); the actual cost for services between July 1, 2022 and June 30, 2023 ($1,073,578); the actual cost for services between July 1, 2023 and June 30, 2024 ($920,540) ; the estimated cost for services between July 1, 2024 and June 30, 2025 ($993,310); and amount projected to be incurred between July 1, 2025 and June 30, 2026 ($987,380).
TERMS
1. Contract Changes. The Agreement is amended as provided herein. Deleted text is indicated in strikethrough and added text in bold italics.
01135.0006 2009615.2 2
a. Section 2.1, "Contract Sum," is hereby amended and shall now read as follows:
"Subject to any limitations set forth in this Agreement, City agrees to pay Consultant 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 Eight Million Nine Hundred Ninety Eight Thousand Six Hund red Ninety-Five Dollars and No Cents ($8,998,695) Nine Million Nine Hundred Eighty-Six Thousand Seventy-Five Dollars and No Cents ($9,986,075.00) (the "Contract Sum"), unless additional compensation is approved pursuant to Section
1.8."
b. Section 3.4, "Term," is hereby amended and shall now read as follows:
"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 nine (9) years five (5) years from the date hereof, except as otherwise provided in the Schedule of Performance (Exhibit "D")."
c. Exhibit "C," "Schedule of Compensation," Section I., is hereby amended and shall now read as follows:
Services Sub-Budget
City Engineering Services $264,000.00 $284,700.00
Public Works Permit and Inspection Services $52,000.00 $53,820.00 Development Review and Control Services $15,000.00 $28,615.00 Engineering Services for Capital Improvement
Projects
$649,310.00 $620,245.00
Annual Budget $993,310.00 $987,380.00
d. Exhibit “C,” “Schedule of Compensation, “Section IV., is hereby amended and shall now read as follows:
"The total compensation for the Services shall not exceed Eight Million Nine Hundred Ninety Eight Thousand Six Hundred and Ninety -Five Dollars and No Cents ($8,998,695) Nine Million Nine Hundred Eighty-Six Thousand Seventy-Five Dollars and No Cents ($9,986,075.00), as provided in Section 2.1 of this Agreement with an annual not -to-exceed amount of Six Hundred Eight y Five Thousand Dollars and No Cents ($685,000.00) per year for FY 2017-2018, a not-to exceed amount for FY 2018-2019 of $971,000 (Nine Hundred Seventy -One Thousand Dollars), a not -to-exceed amount for FY 2019 -2020 of $1,450,267 (One Million Four Hundred Fifty Thousand Two Hundred Sixty Seven Dollars, a not-to-exceed for FY 2020-202 l of $1,800,000 (One Million Eight Hundred Thousand Dollars), a not -to-exceed for FY 2021-2022 of $1,105,000 (One Million One Hundred Five Thousand Dollars), a not -to-exceed for FY 2022-2023 of $1,073,578 (One Million Seventy-Three Thousand Five Hundred Seventy -Eight Dollars), a not-to-exceed for FY 2023-2024 of $920,540 (Nine Hundred Twenty Thousand Five Hundred Forty Dollars), and a not- to-exceed for FY 20 24-2025 of Nine Hundred Ninety Three Thousand Three Hundred and Ten Dollars ($993,310), and a not -to-exceed for FY 2025 -2026 of Nine Hundred Eighty-Seven Thousand Three Hundred Eighty Dollars and No Cents ($987,380.00)."
01135.0006 2009615.2 3
e. Exhibit “D," "Schedule of Performance," Section I., is hereby amended and shall now read as follows:
"Unless earlier terminated in accordance with Article 7 of this Agreement, this Agreement shall continue in full force and effect until June 30, 202 56. The City Council, in its sole and absolute discretion, shall have the option to extend the term of the Agreement with up to seven (7) four (4) one-year extensions thereafter upon the same terms and conditions. The City shall provide the Consultant sixty (60) days’ written notice of its desire to extend the Agreement for one additional year."
2. Continuing Effect of Agreement. Except as amended by this Amendment No. 7, all provisions of the Agreement shall remain unchanged and in full force and effect. From and after the date of this Amendment No. 7, whenever the term "Agreement" appears in the Agreement, it shall mean the Agreement, as amended by this Amendment No. 7 to the Agreement.
3. Affirmation of Agreement; Warranty Re Absence of Defaults. City and Consultant each ratify and reaffirm each and every one of the respective rights and obligations arising under the Agreement. Each party represents and warrants to the other that there have been no written or oral modifications to the Agreement other than a s provided herein. Each party represents and warrants to the other that the Agreement is currently an effective, valid, and binding obligation.
Consultant represents and warrants to City that, as of the date of this Amendment No. 7, City is not in default of any material term of the Agreement and that there have been no events that, with the passing of time or the giving of notice, or both, would constitute a material default under the Agreement.
City represents and warrants to Consultant that, as of the date of this Amendment No. 7, Consultant is not in default of any material term of the Agreement and that there have been no events that, with the passing of time or the giving of notice, or both, would constitute a material default under the Agreement.
4. Adequate Consideration. The parties hereto irrevocably stipulate and agree that they have each received adequate and independent consideration for the performance of the obligations they have undertaken pursuant to this Amendment No. 7.
5. Authority. The persons executing this Amendment No. 7 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 Amendment on behalf of said party, (iii) by so executing this Amendment No. 7, such party is formally bound to the provisions of this Amendment No. 7, and (iv) the entering into this Amendment No. 7 does not violate any provision of any other agreement to which said party is bound.
[SIGNATURES ON FOLLOWING PAGE]
01135.0006 2009615.2 4
IN WITNESS WHEREOF, the parties hereto have executed this Amendment No. 7 to the Agreement on the date and year first-above written.
CITY:
CITY OF BELL, a charter city
_____________________________
Ali Saleh, Mayor
ATTEST:
___________________________
Angela Bustamante, City Clerk
APPROVED AS TO FORM:
ALESHIRE & WYNDER, LLP
____________________________
David J. Aleshire, City Attorney
CONTRACTOR:
Willdan Engineering, Inc., a California
corporation
By: _______________________
Name: Vanessa Munoz
Title: President
By:
Name:
Title:
Address: 24701 E. Katella Avenue,
Suite 300 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 APPRO PRIATE ATTESTATIONS SHALL BE INCLUDED AS
MAY BE REQUIRED BY THE BYLAWS, ARTICLES OF INCORPORATION, OR OTHER RULES OR REGULATIONS APPLICABLE TO CONTRACTOR’S BUSINESS ENTITY.
01135.0006 2009615.2 5
CALIFORNIA ALL-PURPOSE ACKNOWLEDGMENT
STATE OF CALIFORNIA
COUNTY OF ___________________
On __________, 2025 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
May 13, 2025
Mr. Michael Antwine
City Manager
City of Bell
6330 Pine Avenue
Bell, CA 90201
Subject: Agreement for Contract Services
Dear Mr. Antwine:
Willdan Engineering (Willdan) is pleased to continue providing as-needed professional services to the City of Bell under our current Agreement for Contract Services (Agreement). We understand that the current Agreement expires on June 30, 2025, and the City is planning to extend it for one more year (Fiscal Year 2025-26) with an option for an additional one-year (Fiscal Year 2026-27). For the duration of the contract extension, Willdan is committed to providing the same scope of services and maintaining the same schedule of hourly rates as shown in the current Agreement.
Our firm has over six decades of experience providing a wide range of professional engineering services to local government agencies throughout Southern California and the Western United States, including: city engineering, staff augmentation, civil and traffic engineering, landscape architectural design, water/waste water engineering, structural design, project management, funding administration, grant writing, project approval/environmental design (PA/ED), environmental documentation and approval, stormwater and NPDES compliance, right-of-way engineering, planning, building and safety, utility coordination and relocation design, survey, geotechnical engineering, construction management and inspection, federal and state labor compliance, assessment district engineering, plan check, and material testing. Because we focus solely on the needs of the public sector, we have a perspective on public agency issues that is unique among private consulting firms.
Following is the breakdown of the estimated fees for FY 2025-26:
City Engineering Services $284,700
Public Works Permits 53,820
Development Review & Plan Check 28,615
CIP Project Services 620,245
Total Estimated Fee $987,380
May 13, 2025
Thank you for giving us the opportunity to continue providing services to the City of Bell.
If you have any questions, please contact me at (562) 760-7752 or [email protected].
Respectfully submitted,
WILLDAN ENGINEERING
Adel M. Freij, P.E.
Director - Engineering
FY26 PROPOSED CIP
CIP # Project Name
FY 25/26
PROPOSED
BUDGET
1 3062 Pritchard Park Proj - Prop 68 Grant $4,760,113
2 7001 Traffic Signal Battery Backup Proj $5,000
3 7058 Stormwater (BMP) ($450,000) $350,000
4 7147 Calif High-Speed Rail - State Proj
(existing facilities eng review) $10,000
5 7151 FY 24/25 Street Improvement $1,019,349
6 7180 Traffic Signal Equip Upgrade (28
intersections) $1,401,049
7 7181 Florence/Slauson Bridge Maint Proj - LA
County Proj $20,000
8 7182 Gage Ave Bridge Prelim Design $1,947,782
9 7068 Randolph Corridor MAT $42,188
10 7199 Emergency Street Repair (Sinkhole) $35,000
11 7197 PMP $3,700
12 7196 Emergency Street Repair $75,000
13 NEW -7190 Street Improvement (FY26) (SB1) $895,566
14 NEW -7191 Sidewalk Improvement Project (FY26) $250,000 15 NEW -7192 Pedestrian Improvements FY25 $100,000
16 NEW -7193 Slurry Seal Project (FY26) $250,000
17 NEW -7194 Regional Aerial Imagery $25,000
18 NEW -7195 Street Improvement (FY26) (non-SB1) $1,500,000 TOTAL $12,689,747
Report Date: 7/23/25
Issuer / Book Market % of YTM
CUSIP Security Value Value * Portfolio (Market Y)
LAIF 23,533,893 23,533,893 66.70% 4.27%
See Attached Asset-Backed Security 1,311,229 1,320,639 3.80% 4.27% See Attached Agency Issues 1,314,653 1,321,065 3.75% 3.90% See Attached Agency CMBS 1,096,781 1,109,554 3.15% 4.10% See Attached Cash 271 271 0.01% 0.00%
See Attached Corporate 3,008,684 3,035,045 8.60% 4.22%
See Attached Money Market 63,113 63,113 0.18% 3.96%
See Attached Municipal Bonds 101,068 104,258 0.30% 4.09% See Attached Supranational 614,702 624,893 1.78% 3.82%
See Attached US Treasury 4,119,604 4,105,674 11.64% 3.89% Accrued Interest 83,134 83,134 0.24%
Totals 35,247,133$ 35,301,539$ 100%
Bank Account Balances:
Wells Fargo Bank Stagecoach Sweep General Checking: 3,983,353.23 Wells Fargo Bank Commercial Checking Choice IV-Public Funds: 50,000.00 Wells Fargo Bank Bell Community Housing Authority Checking Account: 1 -
Wells Fargo Bank Payroll Account: 2
-
Wells Fargo Bank Worker's Compensation Account: 3
107,493.08
4,140,846.31$
Investment Account Balances:
LAIF 23,533,893.08
Chandler Asset Management 11,713,239.65
Charles Schwab OPEB Trust Account 331,619.49
Charles Schwab Pension Stabilization Trust Account 1,340,716.18 36,919,468.40$
Bank Account Total 4,140,846.31
Investment Account Total 36,919,468.40
BCHA Restricted Funds per TB 25,355,406.00
Total General Fund 66,415,720.71$
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. 4 Charles Schwab OPEB Trust Account - This trust account was established to fund future OPEB Liabilities 5 Charles Schwab Pension Stabilization Trust Account - This trust account was established to fund future Pension Liabilities * Current market valuation is required for investments with maturities of more than twelve months. MV includes accrued interest earned as of 6/30/2025 City of Bell Investment Report
LAIF Deposit and Core Investments
June 2025
Account Number Description Beginning Balance Debit This Period Credit This Period Ending Balance 090-00-00-0000-000-1030 RESTRICTED CASH - BCHA 18,254,735.87 171,695.37 (88,321.63) 18,338,109.61 090-00-00-0000-000-1031 RESTRICTED CASH - BCHA2-MHP 5,036,634.12 - - 5,036,634.12 090-00-00-0000-000-1032 RESTRICTED CASH - BELL MHP 932,194.99 - - 932,194.99 090-00-00-0000-000-1033 RESTRICTED CASH - FLOR VILLAGE 1,048,467.28 - - 1,048,467.28 25,272,032.26 171,695.37 (88,321.63) 25, 355,406.00
MONTH FY 2021-22 FY 2022-23 FY 2023-24 FY 2024-25
JULY 27,158,657.80$ 36,441,274.21$ 34,062,482.19$ 37,722,594.38$ AUGUST 28,268,929.13 35,223,821.96$ 33,390,312.50$ 36,656,346.77$ SEPTEMBER 26,397,025.57 32,811,437.12$ 34,034,650.49$ 35,319,108.10$ OCTOBER 26,237,986.42 31,444,024.32$ 33,199,454.80$ 41,732,039.43$ NOVEMBER 25,741,196.73 31,238,472.56$ 32,354,418.96$ 33,914,488.35$ DECEMBER 28,966,073.71 33,614,575.25$ 33,684,522.39$ 35,409,671.88$ JANUARY 33,505,081.56 36,436,046.86$ 38,273,406.85$ 40,562,234.58$ FEBRUARY 33,233,351.99 37,509,622.83$ 38,028,343.35$ 39,781,468.67$ MARCH 32,837,890.46 36,515,694.26$ 37,364,491.38$ 38,149,337.82$ APRIL 34,829,178.84 37,952,579.87$ 39,401,701.82$ 39,212,550.06$ MAY 37,384,223.90 41,029,417.85$ 44,466,626.45$ 42,297,233.43$ JUNE 38,524,813.01 41,641,408.12$ 44,640,599.33$ 41,060,314.71$ * Current market valuation is required for investments with maturities of more than twelve months.
MV includes accrued interest earned as of 6/30/25
City of Bell
Historical Summary of Invested Funds & Bank Deposits
Report Date: 7/23/25
Issuer / Book Market % of YTM
Security Value Value * Portfolio (Purchase Y)
LAIF 713,791 713,791 100.00% 4.27%
Totals 713,791$ 713,791$ 100.00% Bank Account Balances:
Wells Fargo Bank Successor to RDA: 3,681,969.80$
Investment Account Balances:
LAIF 713,790.98$
Total Successor Agency Balance: 4,395,760.78$
* 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
June 2025
All Investments
MONTH FY 2021-22 FY 2022-23 FY 2023-24 FY 2024-25
JULY 2,634,143.35$ 2,596,401.97$ 2,926,113.98$ 2,875,345.35$ AUGUST 2,601,063.64 2,591,745.15$ 2,925,008.88$ 2,878,320.15$ SEPTEMBER 890,531.10 852,536.05$ 1,235,549.02$ 2,129,913.41$ OCTOBER 886,165.69 856,629.31$ 1,258,468.03$ 2,140,812.31$ NOVEMBER 876,829.70 843,758.80$ 1,257,061.62$ 2,134,450.68$ DECEMBER 873,108.41 841,336.47$ 1,499,506.53$ 2,119,877.25$ JANUARY 1,459,106.09 1,265,533.12$ 1,828,066.88$ 2,584,873.23$ FEBRUARY 1,325,546.77 1,262,014.62$ 1,832,707.67$ 2,586,840.90$ MARCH 1,014,355.71 1,077,986.33$ 1,662,581.99$ 3,120,434.82$ APRIL 1,000,743.36 1,073,088.31$ 1,670,505.06$ 3,120,877.03$ MAY 994,985.29 1,044,488.11$ 1,763,397.48$ 3,118,552.56$ JUNE 2,595,074.09 2,912,224.74$ 2,708,374.70$ 4,395,760.78$ * Current market valuation is required for investments with maturities of more than twelve months.
MV includes accrued interest earned as of 6/30/2025.
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 06/01/2025 THROUGH 06/30/2025
FUNDS HELD ON COMPANY'S BEHALF IN THE OMNIBUS DEPOSIT ACCOUNT AT BANK ARE
DEPOSITS AND ARE ELIGIBLE FOR FDIC INSURANCE IN ACCORDANCE WITH FDIC RULES AND LIMITS. COMPANY'S MMMF SHARES HELD IN THE OMNIBUS INVESTMENT ACCOUNT IN BANK'S
NAME AT THE CUSTODIAN OF THE MMMF ARE NOT DEPOSITS AND ARE NOT ELIGIBLE FOR FDIC INSURANCE. COMPANY IS THE OWNER OF ITS MMMF SHARES.
ALLSPRING TREASURY PLUS MMF A CLS
Transaction Detail
Date Description Amount
6-01-2025 Beginning Balance 8,246,215.97
6-02-2025 Sweep Funds Return To DDA 20,943.39
6-02-2025 Reinvested Dividend 19,302.31
6-03-2025 Sweep Funds Return To DDA 3,990.98
6-04-2025 Sweep Funds Return To DDA 1,565,859.29
6-05-2025 Sweep Funds Return To DDA 2,933,349.27
6-06-2025 Sweep Funds Return To DDA 350,560.88
6-09-2025 Sweep Funds Return To DDA 47,032.04
6-10-2025 Next Day Sweep Purchase 810,906.93
6-11-2025 Next Day Sweep Purchase 18,634.26
6-12-2025 Sweep Funds Return To DDA 218,269.43
6-13-2025 Sweep Funds Return To DDA 125,711.82
6-16-2025 Sweep Funds Return To DDA 54,039.69
6-17-2025 Sweep Funds Return To DDA 124,786.30
6-18-2025 Next Day Sweep Purchase 39,659.01
6-20-2025 Next Day Sweep Purchase 116,429.78
6-23-2025 Sweep Funds Return To DDA 34,332.17
6-24-2025 Next Day Sweep Purchase 98,234.79
6-25-2025 Next Day Sweep Purchase 696.44
6-26-2025 Sweep Funds Return To DDA 8,696.65
6-27-2025 Next Day Sweep Purchase 114,702.58
6-30-2025 Next Day Sweep Purchase 6,143.07
6-30-2025 Ending Balance 3,983,353.23
Daily Balance Information
Date Investment Balance Annualized Fund Yield Daily Dividend Factor Daily Accrual 06-01* 8,244,574.89 3.801 % .000104140 858.59
06-02 8,244,574.89 3.794 % .000103962 857.12
06-03 8,240,583.91 3.774 % .000103402 852.09
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
FUND SUMMARY
Dividends Earned YTD 109,042.16
Federal Withholding YTD .00
7-Day Simple Yield 3.80221 %
Federal Withholding .00
Beginning Balance 8,246,215.97
Prior Months Dividends Reinvested 19,302.31 +
Shares Purchased 1,205,406.86 +
Shares Redeemed 5,487,571.91 -
Ending Balance 3,983,353.23
Dividends Earned in Current Month 13,407.63
Funds Pending Redemption 100,686.93-
STAGECOACH SWEEP
Date Investment Balance Annualized Fund Yield Daily Dividend Factor Daily Accrual 06-04 6,674,724.62 3.759 % .000103000 687.50
06-05 3,741,375.35 3.758 % .000102977 385.28
06-06 3,390,814.47 3.759 % .000102992 349.23
06-07* 3,343,782.43 3.759 % .000102992 344.38
06-08* 3,343,782.43 3.759 % .000102992 344.38
06-09 3,343,782.43 3.758 % .000102982 344.35
06-10 4,154,689.36 3.757 % .000102949 427.72
06-11 4,173,323.62 3.757 % .000102943 429.61
06-12 3,955,054.19 3.757 % .000102939 407.13
06-13 3,829,342.37 3.760 % .000103033 394.55
06-14* 3,775,302.68 3.760 % .000103033 388.98
06-15* 3,775,302.68 3.760 % .000103033 388.98
06-16 3,775,302.68 3.777 % .000103484 390.68
06-17 3,650,516.38 3.768 % .000103254 376.93
06-18 3,690,175.39 3.760 % .000103015 380.14
06-19* 3,690,175.39 3.760 % .000103015 380.14
06-20 3,806,605.17 3.761 % .000103045 392.25
06-21* 3,772,273.00 3.761 % .000103045 388.71
06-22* 3,772,273.00 3.761 % .000103045 388.71
06-23 3,772,273.00 3.762 % .000103084 388.86
06-24 3,870,507.79 3.759 % .000103002 398.67
06-25 3,871,204.23 3.784 % .000103677 401.35
06-26 3,862,507.58 3.794 % .000103947 401.50
06-27 3,977,210.16 3.801 % .000104163 414.28
06-28* 3,977,210.16 3.801 % .000104163 414.28
06-29* 3,977,210.16 3.801 % .000104163 414.28
06-30 3,983,353.23 3.820 % .000104671 416.94
TOTAL MTD 13,407.61
* 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.
06/01/2025 - 06/30/2025
Account Number - DDA
Commercial Checking Acct Public Funds
Account number: June 1, 2025 - June 30, 2025 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
Commercial Checking Acct Public Funds
Account number Beginning balance Total credits Total debits Ending balance $50,000.00 $9,611,109.14 -$9,611,109.14 $50,000.00
Credits
Deposits
Effective
date
Posted
date Amount
Transaction detail
06/03 06/04 113,314.31 Reversal of Check Posted 6-03-25 Reposted 6-04-25 as Serial 0000085569 Our Ref: 6-03-25 00000000
$113,314.31 Total deposits
Electronic deposits/bank credits
Effective
date
Posted
date Amount
Transaction detail
06/02 1.75 06/02Bankcard Deposit -0328029701
06/02 19.69 Southern Califor Mtbof03935 2500224527 Rmr*Ik*Just Energy Uut Payment 202504\Rmr*Ik*2200
06/02 20.00 Cash Only Customer Deposit
06/02 299.00 Cash Only Customer Deposit
06/02 646.09 Stripe Transfer St-H4O6x8B9D8x1 City of Bell 06/02 25,289.86 LA County Gen-Pymt 250528 Pta-11600 NTE*202505286596537 *A2500667442 *Pta-11600
06/02 38,239.86 Desktop Check Deposit
06/02 52,546.27 Southern Califor Mtbof03935 2500224528 Rmr*Ik*SCG Uut Payment 20250422000070\Rmr*Ik*U051
06/02 55,270.33 Lacmta Corp Pmt 1239623
5270.33~Dtm|003|20250520~SE|33|0328~GE|0001|27773
06/02 62,521.71 Lacmta Corp Pmt 1239624
2521.71~Dtm|003|20250520~SE|33|0145~GE|0001|27773
06/02 1,056,420.14 LA County Gen-Pymt 250528 Pta-11600 NTE*202505286596538 *A2500667443 *Pta-11600
06/02 3,990.98 Sweep Transfer From Investment
Sheet Seq = 0026514
Sheet 00001 of 00008
©2010 Wells Fargo Bank, N.A.
All rights reserved. Member FDIC.
Account number: June 1, 2025 - June 30, 2025 Page 2 of 8 Prior account number: 145398000
Electronic deposits/bank credits (continued)
Effective
date
Posted
date Amount
Transaction detail
06/03 288.00 06/03Bankcard Deposit -0328029701
06/03 473.57 06/03Bankcard Deposit -0328029700
06/03 493.86 06/03Bankcard Deposit -0328029700
06/03 3,979.75 LA County Gen-Pymt 250529 500110 NTE*202505296600450 *A2500671528 *500110
06/03 39,292.68 Desktop Check Deposit
06/03 1,565,859.29 Sweep Transfer From Investment
06/04 15.00 06/04Bankcard Deposit -0328029701
06/04 60.00 Cash Only Customer Deposit
06/04 303.13 06/04Bankcard Deposit -0328029700
06/04 616.30 Cash Only Customer Deposit
06/04 631.15 Stripe Transfer St-G1V4N4T4G5M5 City of Bell 06/04 1,181.21 Square Inc Sq250604 250604 T3Qe44Stmc7Ckr8 City of Bell 06/04 1,964.17 Active Network, Registrati 000000006288669 Rmr*IV*14296413**1964.17*1964.17*0\Ref*PO*RN 0011
06/04 2,879.80 Desktop Check Deposit
06/04 89,599.53 Apport St of CA Apsapports 053025 388 Bell City Treasurer 06/04 2,933,349.27 Sweep Transfer From Investment
06/05 177.11 06/05Bankcard Deposit -0328029700
06/05 209.00 06/05Bankcard Deposit -0328029701
06/05 710.09 Stripe Transfer St-Q9I2Z2L4W8J5 City of Bell 06/05 350,560.88 Sweep Transfer From Investment
06/06 170.30 06/06Bankcard Deposit -0328029700
06/06 209.00 06/06Bankcard Deposit -0328029701
06/06 209.00 06/06Bankcard Deposit -0328029701
06/06 364.22 06/06Bankcard Deposit -0328029700
06/06 370.31 Cash Only Customer Deposit
06/06 489.69 Square Inc Sq250606 250606 T379Wqddjc2B6Xw City of Bell 06/06 2,400.25
Cash Only Customer Deposit
06/06 957,829.04 Desktop Check Deposit
06/06 64,725.56 ZBA Funding Account Transfer From
06/06 47,032.04 Sweep Transfer From Investment
06/09 54.00 06/09Bankcard Deposit -0328029701
06/09 279.00 Cash Only Customer Deposit
06/09 467.30 06/09Bankcard Deposit -0328029700
06/09 2,337.90 Stripe Transfer St-Q4H0V2Y7T4x0 City of Bell 06/09 49,450.98 Desktop Check Deposit
06/10 16.00 06/10Bankcard Deposit -0328029701
06/10 17.25 06/10Bankcard Deposit -0328029701
06/10 205.25 06/10Bankcard Deposit -0328029700
06/10 417.98 Ce Solutions D Operating Fgwap0000762113 Cagasuut2505 06/10 631.15 Stripe Transfer St-Y9U4x9F5L7S1 City of Bell 06/10 8,790.15 06/10Bankcard Deposit -0328029700
06/10 8,954.34 Ce Solutions D Operating Fgwap0000762169 Caelectricityuut2505 06/10 13,387.21 Desktop Check Deposit
06/11 184.79 Desktop Check Deposit
06/11 290.55 Stripe Transfer St-P8N3V5A3H1Q3 City of Bell 06/11 299.66 Square Inc Sq250611 250611 T3Ydy1Dsq9TX78K City of Bell 06/11 340.60 06/11Bankcard Deposit -0328029700
Sheet Seq = 0026515
Sheet 00002 of 00008
©2010 Wells Fargo Bank, N.A.
All rights reserved. Member FDIC.
Account number: June 1, 2025 - June 30, 2025 Page 3 of 8 Prior account number: 145398000
Electronic deposits/bank credits (continued)
Effective
date
Posted
date Amount
Transaction detail
06/11 2,872.43 06/11Bankcard Deposit -0328029700
06/11 3,153.93 Active Network, Registrati 000000006292404 Rmr*IV*14311086**3153.93*3153.93*0\Ref*PO*RN 0011
06/11 3,323.91 Desktop Check Deposit
06/11 218,269.43 Sweep Transfer From Investment
06/12 31.00 Cash Only Customer Deposit
06/12 200.00 06/12Bankcard Deposit -0328029700
06/12 332.00 Cash Only Customer Deposit
06/12 340.60 Stripe Transfer St-P7C3L9T0Y1L5 City of Bell 06/12 369.16 Square Inc Sq250612 250612 T3Es0Nwz33D59S8 City of Bell 06/12 369.58 06/12Bankcard Deposit -0328029700
06/12 125,711.82 Sweep Transfer From Investment
06/13 133.00 Cash Only Customer Deposit
06/13 273.00 06/13Bankcard Deposit -0328029701
06/13 367.93 Square Inc Sq250613 250613 T3G9Enn5Pwfphnf City of Bell 06/13 483.57 06/13Bankcard Deposit -0328029700
06/13 1,652.06 WT Fed#07734 Bank of America, N /Org=PMAm Corporation Aaf City of Bell Srf# 2025061300557623 Trn#250613185012 Rfb# May 25 Alarmfee
06/13 42,659.00 Lacounty Develop Payment 250613 0000000895 Rmr*IV*076804**0042659.00\ 06/13 54,039.69 Sweep Transfer From Investment
06/16 15.00 06/16Bankcard Deposit -0328029701
06/16 106.00 Cash Only Customer Deposit
06/16 497.00 Cash Only Customer Deposit
06/16 2,503.05 LA County Gen-Pymt 250611 500110 NTE*202506116616553 *A2500692952 *500110
06/16 157,250.81 Southern Califor EDI Paymts 2506100001 03*250501***20^Dtm*003*250531***20^SE*15*107284^G
06/16 124,786.30 Sweep Transfer From Investment
06/17 273.00 06/17Bankcard Deposit -0328029701
06/17 482.00 06/17Bankcard Deposit -0328029701
06/17 506.94
06/17Bankcard Deposit -0328029700
06/17 2,614.07 06/17Bankcard Deposit -0328029700
06/17 16,345.83 LA County Gen-Pymt 250612 500110 NTE*202506126617971 *A2500694461 *500110
06/17 34,685.48 Desktop Check Deposit
06/17 161,167.88 Desktop Check Deposit
06/17 241,431.16 Desktop Check Deposit
06/18 20.00 06/18Bankcard Deposit -0328029701
06/18 107.52 Square Inc Sq250618 250618 T3F0Zhpyhpn0M5T City of Bell 06/18 273.00 06/18Bankcard Deposit -0328029701
06/18 340.60 Stripe Transfer St-C3K1G0Z9L0x3 City of Bell 06/18 504.00 Cash Only Customer Deposit
06/18 860.77 Cash Only Customer Deposit
06/18 3,838.10 Active Network, Registrati 000000006295841 Rmr*IV*14317247**3838.1*3838.1*0\Ref*PO*RN 001154
06/18 100,000.00 ZBA Funding Account Transfer From
06/20 35.00 Cash Only Customer Deposit
06/20 209.00 06/20Bankcard Deposit -0328029701
06/20 436.25 06/20Bankcard Deposit -0328029701
Sheet Seq = 0026516
Sheet 00003 of 00008
©2010 Wells Fargo Bank, N.A.
All rights reserved. Member FDIC.
Account number: June 1, 2025 - June 30, 2025 Page 4 of 8 Prior account number: 145398000
Electronic deposits/bank credits (continued)
Effective
date
Posted
date Amount
Transaction detail
06/20 1,420.25 06/20Bankcard Deposit -0328029700
06/20 1,851.56 Square Inc Sq250619 250619 T3D09K2Qmb3G4B0 City of Bell 06/20 2,439.36 CC Tm PA LLC Cci AP 820 250618 03225204 36**\Ref*PO*00514644\Dtm*003*250701\SE*8*0001\GE*
06/20 2,535.78 Amer Tower 1942 EDI Paymnt Jun 20 43Rent_40012147 250701\SE*13*000004233\GE*000001*079940941\Iea*00
06/20 3,699.05 Cctm1 LLC Cci AP 820 250618 03224659
05**\Ref*PO*00514710\Dtm*003*250701\SE*8*0001\GE*
06/20 18,317.22 LA County Gen-Pymt 250616 Pta-11600 NTE*202506166620248 *A2500698585 *Pta-11600
06/20 79,780.79 Apport St of CA Apsapports 061625 388 Bell City Treasurer 06/20 34,332.17 Sweep Transfer From Investment
06/23 26.66 Square Inc Sq250623 250623 T3Taax04Hs5Swr3 City of Bell 06/23 93.64 06/23Bankcard Deposit -0328029700
06/23 209.00 06/23Bankcard Deposit -0328029701
06/23 209.00 06/23Bankcard Deposit -0328029701
06/23 460.85 Stripe Transfer St-x5B6O9G4E1F2 City of Bell 06/23 3,017.94 Desktop Check Deposit
06/23 244,086.32 CA Dept Tax&Fee Cdtfa-Ltax 061725 19005 City of Bell 06/24 48.00 06/24Bankcard Deposit -0328029701
06/24 184.79 06/24Bankcard Deposit -0328029700
06/24 224.00 06/24Bankcard Deposit -0328029701
06/24 353.83 Square Inc Sq250624 250624 T358Wxx8PF1N1Kh City of Bell 06/24 485.01 Cash Only Customer Deposit
06/25 627.00 06/25Bankcard Deposit -0328029701
06/25 776.02 Square Inc Sq250625 250625 T3Gjrct71Vz38Hw City of Bell 06/25 1,177.07 06/25Bankcard Deposit -0328029700
06/25 2,131.13 06/25Bankcard Deposit -0328029700
06/25 8,696.65 Sweep Transfer From Investment
06/26 17.25 06/26Bankcard Deposit -0328029701
06/26 24.00
06/26Bankcard Deposit -0328029701
06/26 355.75 06/26Bankcard Deposit -0328029700
06/26 1,652.63 Square Inc Sq250626 250626 T32N306A6Sxqj8x City of Bell 06/26 2,892.82 Active Network, Registrati 000000006297675 Rmr*IV*14328095**2892.82*2892.82*0\Ref*PO*RN 0011
06/26 58,124.95 Lacmta Corp Pmt 1241391
8124.95~Dtm|003|20250615~SE|33|0087~GE|0001|28188
06/26 70,072.64 Lacmta Corp Pmt 1241392
0072.64~Dtm|003|20250615~SE|33|0298~GE|0001|28188
06/27 20.00 06/27Bankcard Deposit -0328029701
06/27 273.00 06/27Bankcard Deposit -0328029701
06/27 1,085.39 06/27Bankcard Deposit -0328029700
06/27 2,980.66 Square Inc Sq250627 250627 T30Pyf9Frcaz0Gm City of Bell 06/27 6,070.15 06/27Bankcard Deposit -0328029700
06/30 6.00 Cash Only Customer Deposit
06/30 184.79 06/30Bankcard Deposit -0328029700
06/30 209.00 Cash Only Customer Deposit
06/30 209.00 06/30Bankcard Deposit -0328029701
06/30 222.61 Cash Only Customer Deposit
06/30 376.24 Cash Only Customer Deposit
Sheet Seq = 0026517
Sheet 00004 of 00008
©2010 Wells Fargo Bank, N.A.
All rights reserved. Member FDIC.
Account number: June 1, 2025 - June 30, 2025 Page 5 of 8 Prior account number: 145398000
Electronic deposits/bank credits (continued)
Effective
date
Posted
date Amount
Transaction detail
06/30 487.10 Cash Only Customer Deposit
06/30 43,581.72 Lacmta Corp Pmt 1241818
3581.72~Dtm|003|20250617~SE|33|0246~GE|0001|28236
06/30 49,375.25 Lacmta Corp Pmt 1241817
9375.25~Dtm|003|20250617~SE|33|0075~GE|0001|28236
06/30 100,686.93 Sweep Transfer From Investment
$9,497,794.83 Total electronic deposits/bank credits
$9,611,109.14 Total credits
Debits
Electronic debits/bank debits
Effective
date
Posted
date Amount
Transaction detail
06/02 25,289.86 LA County Reversal 250528 Pta-11600 NTE*202505286596537 *A2500667442 *Pta-11600
06/02 1,056,420.14 LA County Reversal 250528 Pta-11600 NTE*202505286596538 *A2500667443 *Pta-11600
06/02 16,073.31 ZBA Funding Account Transfer to
06/03 2,469.90 WT Seq455358 City of Bell, Workers C /Bnf=City of Bell, Workers Compensation Srf# Gb00000076893581 Trn#250603455358 Rfb# 3031
06/03 5,300.00 ZBA Funding Account Transfer to
06/04 3,000,000.00 WT Seq452457 State Treasurers Office /Bnf=State Treasurers Office, Laif Account Srf# Gw00000076913648 Trn#250604452457 Rfb# 3032
06/05 3,119.24 ACH Prep Origintn - General Fund - File 2956000677 Coid 2956000677 06/05 302,518.44 ZBA Funding Account Transfer to 4159281401 06/06 2,334.90 < Business to Business ACH Debit - Expertpay Expertpay xxxxx0677 City of Bell 06/06 110,807.13 ZBA Funding Account Transfer to 4159281401 06/09 24,466.86 ZBA Funding Account Transfer to
06/09 652.98 ZBA Funding Account Transfer to 4159281401 06/09 810,906.93 Sweep Transfer to Investment
06/10 2,125.09 ZBA Funding Account Transfer to
06/10 18,634.26 Sweep Transfer to Investment
06/11 382.75 Client Analysis Srvc Chrg 250610 Svc Chge 0525 06/11 0.04 Bankcard Discount Fee - 0328029700
06/11 0.04 Bankcard Discount Fee - 0328029701
06/11 0.08 Bankcard Discount Fee - 0328029701
06/11 0.94 Bankcard Discount Fee - 0328029701
06/11 1.01 Bankcard Discount Fee - 0328029701
06/11 2.17 Bankcard Discount Fee - 0328029701
06/11 2.24 Bankcard Fee - 0328029701
06/11 2.36 Bankcard Discount Fee - 0328029700
06/11 4.51 Bankcard Fee - 0328029700
06/11 10.78 Bankcard Discount Fee - 0328029700
06/11 22.03
Bankcard Interchange Fee - 0328029701
06/11 27.70 Bankcard Discount Fee - 0328029700
06/11 57.12 Bankcard Discount Fee - 0328029700
06/11 470.42 Bankcard Interchange Fee - 0328029700
Sheet Seq = 0026518
Sheet 00005 of 00008
©2010 Wells Fargo Bank, N.A.
All rights reserved. Member FDIC.
Account number: June 1, 2025 - June 30, 2025 Page 6 of 8 Prior account number: 145398000
Electronic debits/bank debits (continued)
Effective
date
Posted
date Amount
Transaction detail
06/11 12,053.49 WT Seq453880 City of Bell, Workers C /Bnf=City of Bell, Workers Compensation Srf# Gb00000077067364 Trn#250611453880 Rfb# 3033
06/11 586.10 < Business to Business ACH Debit - Calpers 1800 5686383552 100000017926902 06/11 187,634.71 < Business to Business ACH Debit - Calpers 1800 5686383552 100000017926900 06/11 77.22 ZBA Funding Account Transfer to
06/12 5,632.71 < Business to Business ACH Debit - Calpers 3100 5686383552 100000017921445 06/12 15,440.49 < Business to Business ACH Debit - Calpers 3100 5686383552 100000017921379 06/12 18,061.14 < Business to Business ACH Debit - Calpers 3100 5686383552 100000017921304 06/12 18,245.59 < Business to Business ACH Debit - Calpers 3100 5686383552 100000017921570 06/12 27,874.09 < Business to Business ACH Debit - Calpers 3100 5686383552 100000017921521 06/16 6,419.56 ZBA Funding Account Transfer to
06/17 5,501.11 WT Seq455961 City of Bell, Workers C /Bnf=City of Bell, Workers Compensation Srf# Gb00000077199562 Trn#250617455961 Rfb# 3034
06/17 27,039.49 ZBA Funding Account Transfer to
06/17 39,659.01 Sweep Transfer to Investment
06/18 3,119.24 ACH Prep Origintn - General Fund - File 2956000677 Coid 2956000677 06/18 304,355.33 ZBA Funding Account Transfer to 4159281401 06/18 116,429.78 Sweep Transfer to Investment
06/20 37,407.47 WT Fed#05197 US Bank, NA /Ftr/Bnf=U.S. Bank National Association Srf# Gw00000077236890 Trn#250618211168 Rfb# 3035
06/20 86,604.59 ZBA Funding Account Transfer to 4159281401 06/23 2,334.90 < Business to Business ACH Debit - Expertpay Expertpay xxxxx0677 City of Bell 06/23 4,077.56 < Business to Business ACH Debit - AFLAC Columbus Achpmt 250621 xxxxx6484 Vw09035218101
06/23 5,445.28 < Business to Business ACH Debit - Calpers 3100 5686383552 100000017921467 06/23 12,080.72 < Business to Business ACH Debit - Wright Express Fleet Debi 250620 9100005154093 City of Bell (3)
06/23 14,381.46 < Business to Business ACH Debit - Calpers 3100 5686383552 100000017921408 06/23 18,104.30 < Business to Business ACH Debit - Calpers 3100 5686383552 100000017921321 06/23 18,679.73 < Business to Business ACH Debit - Calpers 3100 5686383552 100000017921598 06/23 24,972.53 < Business to Business ACH Debit - Calpers 3100 5686383552 100000017921538 06/23 25,434.24
ZBA Funding Account Transfer to 4159281401
06/23 98,234.79 Sweep Transfer to Investment
06/24 1,473.14 ZBA Funding Account Transfer to
06/24 696.44 Sweep Transfer to Investment
06/25 180.18 ZBA Funding Account Transfer to
06/26 17,781.71 WT 250625-212198 Jpmorgan Chase Bank /Bnf=Carl Warren & CO - Aaf City of Bel Srf# Gw00000077368019 Trn#250625212198 Rfb# 3037
06/26 11.21 ZBA Funding Account Transfer to
06/26 114,702.58 Sweep Transfer to Investment
06/27 6,143.07 Sweep Transfer to Investment
06/30 2,198.88 WT Seq453298 City of Bell, Workers C /Bnf=City of Bell, Workers Compensation Srf# Gb00000077455264 Trn#250630453298 Rfb# 3038
$6,661,177.07 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.
Sheet Seq = 0026519
Sheet 00006 of 00008
©2010 Wells Fargo Bank, N.A.
All rights reserved. Member FDIC.
Account number: June 1, 2025 - June 30, 2025 Page 7 of 8 Prior account number: 145398000
Checks paid
Number Amount Date Number Amount Date Number Amount Date 8069 113,314.31 06/03
85170 * 500.00 06/09
85171 40.00 06/09
85182 * 300.00 06/09
85233 * 1,122.00 06/23
85254 * 700.00 06/20
85329 * 100.00 06/05
85406 * 34.00 06/09
85411 * 20,069.33 06/09
85441 * 748.00 06/05
85465 * 17,800.00 06/02
85466 20,858.75 06/03
85467 21,013.00 06/09
85468 63,180.00 06/03
85469 24,339.12 06/05
85470 23,750.00 06/03
85480 * 50.00 06/06
85481 2,000.00 06/02
85482 100.00 06/23
85487 * 840.34 06/02
85493 * 100.00 06/10
85497 * 291.12 06/04
85498 2,912.89 06/03
85499 105.67 06/02
85500 3,564.64 06/03
85501 154.00 06/02
85502 1,998.14 06/02
85503 2,530.50 06/06
85504 4,000.00 06/11
85505 30.55 06/04
85506 1,705.52 06/02
85508 * 255.00 06/04
85509 1,500.00 06/03
85510 177.65 06/09
85511 210.88 06/23
85512 39.78 06/02
85513 247.88 06/06
85514 1,300.00 06/20
85515 359.10 06/02
85517 * 186.83 06/10
85518 1,009.81 06/02
85519 795.13 06/03
85520 940.80 06/02
85521 315.00 06/04
85522 900.00 06/02
85523 5,086.57 06/09
85524 675.00 06/02
85525 291.12 06/09
85526 51.00 06/09
85527 105.44 06/11
85528 131.35 06/02
85529 1,653.75 06/02
85531 * 1,540.00 06/02
85533 * 643.87 06/02
85534 30.00 06/04
85535 612.04 06/02
85536 0.88 06/05
85537 705.00 06/09
85538 2,025.00 06/02
85539 2,999.99 06/05
85540 65.00 06/27
85542 * 405.00 06/24
85543 2,560.20 06/02
85544 385.50 06/02
85545 3,605.00 06/03
85546 1,279.03 06/02
85547 2,196.25 06/02
85548 1,107.66 06/02
85549 68.00 06/05
85550 460.15 06/03
85551 1,700.00 06/04
85552 244.21 06/05
85553 2,129.69 06/05
85554 2,765.00 06/02
85555 1,800.00 06/10
85556 2,343.26 06/02
85558 * 5,086.57 06/11
85559 9,480.47 06/02
85560 500.00 06/04
85561 25.00 06/02
85562 5,876.25 06/03
85563 585.20 06/03
85564 162.74 06/03
85565 457.97 06/03
85566 244.91 06/04
85567 1,864.00 06/02
85568 34,680.80 06/03
85569 113,314.31 06/04
85570 12,840.49 06/02
85571 17,800.00 06/02
85572 23,164.50 06/10
85573 722,054.55 06/03
85575 * 11,400.00 06/04
85576 18,196.00 06/05
85577 65,286.00 06/03
85578 29,983.70 06/04
85579 30,450.80 06/02
85580 550,736.87 06/03
85584 * 14.59 06/02
85588 * 1,900.00 06/02
85589 4,017.13 06/02
85591 * 5,760.00 06/02
85592 312.34 06/02
85593 7,710.00 06/04
85594 7,191.84 06/02
85595 322.00 06/04
85596 5,154.25 06/02
85597 170.73 06/02
85599 * 1,678.12 06/02
85600 2,585.66 06/02
85601 28.90 06/10
85603 * 514.00 06/03
85604 21.33 06/05
85605 605.06 06/09
85606 1,084.05 06/02
85607 1,100.00 06/02
85608 456.84 06/24
85609 1,499.28 06/04
85610 51.18 06/05
85611 7,735.65 06/02
85612 307.18 06/02
85613 34,783.20 06/16
85614 43,011.41 06/12
85615 10,975.00 06/18
85616 14,065.75 06/18
85617 10,700.63 06/16
85618 71,254.00 06/16
85619 16,037.50 06/18
85620 274.92 06/17
85621 4,048.18 06/16
85622 957.68 06/17
85623 40.00 06/18
85624 1,481.63 06/16
85625 760.84 06/16
85626 690.32 06/16
85627 47.18 06/16
85629 * 333.97 06/16
85630 23,750.00 06/11
85631 72,836.50 06/09
85632 14,160.92 06/10
85633 139.43 06/11
85634 2,593.22 06/11
85635 444.93 06/11
85636 2,476.44 06/20
85637 2,410.36 06/09
85638 142.04 06/11
85639 1,349.72 06/10
85640 404.50 06/09
85641 274.92 06/17
85642 6,336.40 06/16
Sheet Seq = 0026520
Sheet 00007 of 00008
©2010 Wells Fargo Bank, N.A.
All rights reserved. Member FDIC.
Account number: June 1, 2025 - June 30, 2025 Page 8 of 8 Prior account number: 145398000
Checks paid (continued)
Number Amount Date Number Amount Date Number Amount Date 85644 * 1,372.90 06/17
85645 865.55 06/20
85646 4,750.00 06/23
85647 718.20 06/16
85648 9,933.21 06/25
85649 2,800.00 06/18
85650 1,051.20 06/17
85651 251.84 06/17
85652 66.90 06/16
85653 218.00 06/17
85654 9,495.00 06/23
85655 2,497.50 06/12
85656 562.40 06/16
85657 2,400.00 06/16
85658 6,500.00 06/17
85659 4,893.75 06/18
85660 2,688.30 06/16
85661 2,083.27 06/20
85662 328.44 06/09
85663 164.00 06/26
85665 * 98.23 06/12
85666 1,017.96 06/11
85667 4,211.88 06/09
85668 2,809.11 06/10
85669 18,858.88 06/16
85670 99,308.25 06/13
85671 98,467.50 06/16
85673 * 6,431.30 06/30
85674 2,897.69 06/30
85678 * 99.45 06/30
85680 * 691.20 06/30
85683 * 189.88 06/30
85690 * 123.39 06/27
85692 * 43,011.41 06/30
85696 * 34,817.00 06/30
85697 14,601.56 06/30
85698 10,694.61 06/20
85699 5,310.93 06/17
85700 110.77 06/18
85701 669.37 06/18
85702 1,755.00 06/16
85703 28.90 06/26
85705 * 9,324.15 06/16
85706 300.00 06/13
85707 5,631.55 06/16
85708 100.00 06/16
85709 300.00 06/16
85710 320.47 06/17
85711 100.00 06/30
85712 626.73 06/23
85713 100.00 06/27
85714 300.00 06/24
85716 * 100.00 06/16
85717 713.80 06/16
85718 5,905.40 06/16
85719 2,924.50 06/20
85720 1,163.89 06/17
85721 57.50 06/18
85722 710.17 06/16
85726 * 8,542.30 06/30
85727 153.54 06/30
85731 * 50.00 06/30
85732 149.32 06/30
85733 436.00 06/30
85736 * 981.21 06/24
85738 * 1,950.43 06/25
85739 2,420.28 06/27
85741 * 1,577.46 06/27
85742 100.00 06/23
85744 * 438.98 06/30
85745 24.04 06/30
85747 * 44.44 06/26
85748 4,936.29 06/23
85749 1,344.05 06/25
85750 407.20 06/26
85752 * 9,480.47 06/30
85755 * 12,557.32 06/30
85757 * 43,011.41 06/30
85759 * 12,135.00 06/30
85762 * 623.33 06/30
85771 * 1,119.78 06/30
85774 * 966.81 06/30
85777 * 513.19 06/30
85778 98.78 06/30
$2,949,932.07 Total checks paid
* Gap in check sequence.
$9,611,109.14 Total debits
Daily ledger balance summary
Date Balance Date Balance Date Balance
05/31 50,000.00
06/02 88,239.00
06/03 76,561.00
06/04 52,879.00
06/05 50,000.00
06/06 1,007,829.00
06/09 95,327.00
06/10 63,387.00
06/11 53,507.00
06/12 50,000.00
06/13 50,000.00
06/16 50,000.00
06/17 417,610.00
06/18 50,000.00
06/20 50,000.00
06/23 53,017.00
06/24 50,000.00
06/25 50,000.00
06/26 50,000.00
06/27 50,000.00
06/30 50,000.00
Average daily ledger balance $166,244.27
Sheet Seq = 0026521
Sheet 00008 of 00008
Commercial Checking Acct Public Funds
Account number: June 1, 2025 - June 30, 2025 Page 1 of 2 ©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 $0.00 $253,537.62 -$253,537.62 $0.00
Credits
Electronic deposits/bank credits
Effective
date
Posted
date Amount
Transaction detail
06/02 346.00 121108250 Ccddeposit 250602 xxxxx0548 Bell Community Housing 06/02 16,073.31 ZBA Balance Account Transfer From
06/03 5,300.00 ZBA Balance Account Transfer From
06/06 720.00 Bell Properties Owner Paym 250602 Bell Properties City of Bell 06/06 835.00 Bell Properties Owner Paym 250602 Bell Properties City of Bell 06/06 1,020.00 Bell Properties Owner Paym 250602 Bell Properties City of Bell 06/06 1,770.00 Bell Properties Owner Paym 250602 Bell Properties City of Bell 06/06 2,380.00 Bell Properties Owner Paym 250602 Bell Properties City of Bell 06/06 3,930.00 Bell Properties Owner Paym 250602 Bell Properties City of Bell 06/06 5,845.00 Bell Properties Owner Paym 250602 Bell Properties City of Bell 06/06 9,585.00 Bell Properties Owner Paym 250602 Bell Properties City of Bell 06/06 15,807.60 Bell Properties Owner Paym 250602 Bell Properties City of Bell 06/06 28,132.96 Bell Properties Owner Paym 250602 Bell Properties City of Bell 06/09 24,466.86 ZBA Balance Account Transfer From
06/10 2,125.09 ZBA Balance Account Transfer From
06/11 77.22 ZBA Balance Account Transfer From
06/16 6,419.56 ZBA Balance Account Transfer From
06/17 27,039.49 ZBA Balance Account Transfer From
06/18 50,000.00 Bell Properties Owner Paym 250616 Bell Properties City of Bell 06/18 50,000.00 Bell Properties Owner Paym 250616 Bell Properties City of Bell 06/24 1,473.14 ZBA Balance Account Transfer From
Sheet Seq = 0061964
Sheet 00001 of 00002
©2010 Wells Fargo Bank, N.A.
All rights reserved. Member FDIC.
Account number: June 1, 2025 - June 30, 2025 Page 2 of 2 Electronic deposits/bank credits (continued)
Effective
date
Posted
date Amount
Transaction detail
06/25 180.18 ZBA Balance Account Transfer From
06/26 11.21 ZBA Balance Account Transfer From
$253,537.62 Total electronic deposits/bank credits
$253,537.62 Total credits
Debits
Electronic debits/bank debits
Effective
date
Posted
date Amount
Transaction detail
06/06 64,725.56 ZBA Balance Account Transfer to
06/18 100,000.00 ZBA Balance Account Transfer to
$164,725.56 Total electronic debits/bank debits
Checks paid
Number Amount Date Number Amount Date Number Amount Date 8885 13,634.45 06/09
8887 * 5,300.00 06/03
8890 * 5,300.00 06/06
8891 288.40 06/02
8892 754.00 06/02
8893 7,039.38 06/02
8894 8,337.53 06/02
8895 436.00 06/17
8896 1,435.27 06/16
8897 811.25 06/17
8898 540.00 06/16
8899 1,290.67 06/24
8901 * 77.22 06/11
8902 1,006.05 06/16
8903 829.03 06/09
8904 13.28 06/09
8905 9,990.10 06/09
8906 165.27 06/25
8907 3,168.00 06/16
8908 2,125.09 06/10
8909 15,083.04 06/17
8910 10,662.79 06/17
8913 * 270.24 06/16
8914 46.41 06/17
8915 182.47 06/24
8916 14.91 06/25
8917 11.21 06/26
$88,812.06 Total checks paid
* Gap in check sequence.
$253,537.62 Total debits
Daily ledger balance summary
Date Balance Date Balance Date Balance
05/31 0.00
06/02 0.00
06/03 0.00
06/06 0.00
06/09 0.00
06/10 0.00
06/11 0.00
06/16 0.00
06/17 0.00
06/18 0.00
06/24 0.00
06/25 0.00
06/26 0.00
Average daily ledger balance $0.00
Sheet Seq = 0061965
Sheet 00002 of 00002
Commercial Checking Acct Public Funds
Account number: June 1, 2025 - June 30, 2025 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
Commercial Checking Acct Public Funds
Account number Beginning balance Total credits Total debits Ending balance $166,931.29 $22,223.38 -$81,661.59 $107,493.08
Credits
Electronic deposits/bank credits
Effective
date
Posted
date Amount
Transaction detail
06/03 2,469.90 WT Seq455358 City of Bell, General F /Org=City of Bell Srf# Gb00000076893581 Trn#250603455358 Rfb# 3031
06/11 12,053.49 WT Seq453880 City of Bell, General F /Org=City of Bell Srf# Gb00000077067364 Trn#250611453880 Rfb# 3033
06/17 5,501.11 WT Seq455961 City of Bell, General F /Org=City of Bell Srf# Gb00000077199562 Trn#250617455961 Rfb# 3034
06/30 2,198.88 WT Seq453298 City of Bell, General F /Org=City of Bell Srf# Gb00000077455264 Trn#250630453298 Rfb# 3038
$22,223.38 Total electronic deposits/bank credits
$22,223.38 Total credits
Debits
Checks paid
Number Amount Date Number Amount Date Number Amount Date 18775 115.80 06/10
18782 * 40,090.92 06/02
18783 20,304.77 06/02
18784 1,889.90 06/02
18786 * 422.60 06/06
18787 65.00 06/09
18788 28.24 06/03
18789 66.00 06/09
18790 115.50 06/09
18791 879.00 06/24
18792 82.50 06/09
18793 156.21 06/04
18794 162.57 06/06
18795 226.17 06/06
18796 70.19 06/06
18797 145.14 06/06
18798 1,091.10 06/24
18799 1,158.00 06/24
18800 55.13 06/11
18801 115.80 06/10
18802 115.80 06/10
18803 151.56 06/05
18804 545.42 06/27
18805 1,920.00 06/09
18806 277.95 06/10
18807 130.54 06/10
18808 323.91 06/10
Sheet Seq = 0033555
Sheet 00001 of 00002
©2010 Wells Fargo Bank, N.A.
All rights reserved. Member FDIC.
Account number: June 1, 2025 - June 30, 2025 Page 2 of 2 Prior account number: 145701262
Checks paid (continued)
Number Amount Date Number Amount Date Number Amount Date 18809 160.55 06/10
18810 214.47 06/09
18811 525.78 06/09
18812 1,051.60 06/11
18813 140.00 06/11
18814 180.00 06/11
18815 612.00 06/24
18816 612.00 06/24
18817 50.50 06/11
18818 462.00 06/12
18819 85.50 06/12
18820 60.52 06/13
18821 70.84 06/10
18822 693.00 06/13
18824 * 40.25 06/11
18825 49.50 06/16
18826 1,100.00 06/18
18827 1,537.00 06/16
18828 462.00 06/16
18829 20.00 06/16
18830 82.50 06/16
18831 60.00 06/18
18832 198.00 06/20
18834 * 422.60 06/20
18835 13.50 06/24
18836 15.80 06/17
18837 63.54 06/18
18839 * 363.00 06/24
18841 * 250.00 06/23
18842 19.85 06/26
18843 250.13 06/24
18844 204.45 06/23
18845 151.18 06/26
18846 205.14 06/25
18847 160.22 06/24
18848 31.50 06/26
18850 * 13.90 06/25
18851 236.70 06/30
18852 27.80 06/26
18856 * 58.55 06/30
$81,661.59 Total checks paid
* Gap in check sequence.
$81,661.59 Total debits
Daily ledger balance summary
Date Balance Date Balance Date Balance
05/31 166,931.29
06/02 104,645.70
06/03 107,087.36
06/04 106,931.15
06/05 106,779.59
06/06 105,752.92
06/09 102,763.67
06/10 101,452.48
06/11 111,988.49
06/12 111,440.99
06/13 110,687.47
06/16 108,536.47
06/17 114,021.78
06/18 112,798.24
06/20 112,177.64
06/23 111,723.19
06/24 106,584.24
06/25 106,365.20
06/26 106,134.87
06/27 105,589.45
06/30 107,493.08
Average daily ledger balance $110,303.28
Sheet Seq = 0033556
Sheet 00002 of 00002
CITY OF BELL OPEB TRUST ACCOUNT
CAPACITY : CUSTODIAN
ACCOUNT NUMBER:
REPORTING PERIOD: 5/31/25 TO 6/30/25
PAGE : 1
Charles Schwab Trust Bank, 2360 Corporate Circle, Henderson, NV 89074 Investment and Insurance Products: Not a Deposit • Not FDIC Insured • Not Insured by any Federal Government Agency • No Bank Guarantee • May Lose Value JE897NP10000842-0011335 PDFE 001 ------ 799742
CITY OF BELL OPEB TRUST ACCOUNT
ACCOUNT NUMBER:
REPORTING PERIOD: 5/31/25 TO 6/30/25
PAGE : 2
FDIC Insurance: Bank Sweep for Benefit Plans (BSBP), Schwab Bank Savings (SBS), and Schwab Bank Sweep for Employee Benefit Plans (SBSEBP) deposits, as applicable, held by Charles Schwab Trust Bank or another Program Bank(s) are insured by the Federal Deposit Insurance Corporation (FDIC), subject to the satisfaction of certain conditions. Please refer to the Charles Schwab Cash Features Program Disclosure Statement, Charles Schwab Trust Bank SBS MMDA Terms and Conditions, or Charles Schwab Trust Bank's Disclosure Statement for Bank Sweep Program for Trust and Custody Accounts, as applicable for each product, for eligibility of Retirement Plans and Accounts for FDIC Insurance.
FDIC insurance rules are complex. You are responsible for monitoring any insured or uninsured portion of any deposit in BSBP, SBS, or SBSEBP. You should consult with your own attorney to determine applicable recordkeeping requirements which are a condition of FDIC Insurance Coverage and the application of FDIC Insurance Coverage to your specific situation.
Please note that cash positions at Charles Schwab & Co., Inc. in your plan's related Personal Choice Retirement Accounts (PCRAs) or Schwab Retirement Advisor Portfolio (SRAP) accounts which have been swept into BSBP are included on this statement. Cash balances in these accounts are deposited through BSBP in one or more of the Program Banks. In very limited cases during extreme market conditions, some or all of the cash position in your plan's PCRAs or your plan's SRAP accounts may be temporarily swept into a money market mutual fund, which is not FDIC insured, but may be covered by SIPC insurance. Again, please review the applicable brokerage account agreements and the current Charles Schwab Cash Features Program Disclosure Statement for more information. The total cash on this statement swept to BSBP has been allocated to the Program Banks in the amounts listed below:
Total BSBP Deposits in Program Banks As of (end of reporting period)
CHARLES SCHWAB BANK $3,022.89
(0125-BWFR)
Charles Schwab Trust Bank, 2360 Corporate Circle, Henderson, NV 89074 Investment and Insurance Products: Not a Deposit • Not FDIC Insured • Not Insured by any Federal Government Agency • No Bank Guarantee • May Lose Value JE897NP10000842-0011336
CITY OF BELL OPEB TRUST ACCOUNT
ACCOUNT NUMBER:
REPORTING PERIOD: 5/31/25 TO 6/30/25
PAGE : 3
STATEMENT OF ACCOUNT
--------------------
S C H E D U L E S
-------------------
ACCOUNT SUMMARY 4
TRANSACTION DETAIL 5
ASSET SUMMARY 14
ASSET DETAIL 15
Charles Schwab Trust Bank, 2360 Corporate Circle, Henderson, NV 89074 Investment and Insurance Products: Not a Deposit • Not FDIC Insured • Not Insured by any Federal Government Agency • No Bank Guarantee • May Lose Value JE897NP10000842-0011337
CITY OF BELL OPEB TRUST ACCOUNT
ACCOUNT NUMBER:
REPORTING PERIOD: 05/31/25 TO 06/30/25
PAGE : 4
ACCOUNT SUMMARY
---------------
RECEIPTS
========
EARNINGS FROM INVESTMENTS:
INTEREST 0.07 DIVIDENDS AND CAPITAL GAINS 1,559.46
TOTAL EARNINGS FROM INVESTMENTS 1,559.53
NET REALIZED GAINS & LOSSES:
AGGREGATE PROCEEDS 25,749.97 AGGREGATE COSTS 25,603.40- TOTAL NET REALIZED GAINS & LOSSES 146.57
TOTAL RECEIPTS 1,706.10
DISBURSEMENTS
=============
ADMINISTRATIVE EXPENSES:
FEES AND COMMISSIONS 83.33- TOTAL ADMINISTRATIVE EXPENSES 83.33-
TOTAL DISBURSEMENTS 83.33-
NET CHANGE 1,622.77
CHANGE IN NET ASSETS
UNREALIZED APPRECIATION 5,965.91
NET ASSETS AT BEGINNING OF PERIOD 324,030.81 NET CHANGE IN ASSETS FOR THE PERIOD 7,588.68 NET ASSETS AT END OF PERIOD 331,619.49 Charles Schwab Trust Bank, 2360 Corporate Circle, Henderson, NV 89074 Investment and Insurance Products: Not a Deposit • Not FDIC Insured • Not Insured by any Federal Government Agency • No Bank Guarantee • May Lose Value JE897NP10000842-0011338
CITY OF BELL OPEB TRUST ACCOUNT
ACCOUNT NUMBER:
REPORTING PERIOD: 05/31/25 TO 06/30/25
PAGE : 5
TRANSACTION DETAIL
------------------
DATE DESCRIPTION UNITS CASH INVESTMENTS GAIN/LOSS ---- ----------- ----- ---- ----------- ---------
05/31/25 BALANCES CARRIED FORWARD $1,935.95 $314,279.25
INTEREST
--------
06/16/25 CASH RECEIPT 0.07 0.00 82619761, (BKINT) BANK INTEREST
---------------- ----------------- ----------------- ----------------- TOTAL 0.07 0.00
---------------- ----------------- ----------------- ----------------- TOTAL INTEREST 0.07 0.00
DIVIDENDS AND CAPITAL GAINS
---------------------------
BLACKROCK US EQY FCTR ROTN ETF
TICKER: DYNF
06/20/25 CASH RECEIPT 16.06 0.00 82619761, (DFR) MUTUAL FUND DIVIDEND REINVESTED
---------------- ----------------- ----------------- ----------------- TOTAL BLACKROCK US EQY FCTR ROTN ETF 16.06 0.00
FIDELITY TOTAL BOND ETF
TICKER: FBND
06/02/25 CASH RECEIPT 307.83 0.00 82619761, (DFR) MUTUAL FUND DIVIDEND REINVESTED
---------------- ----------------- ----------------- ----------------- TOTAL FIDELITY TOTAL BOND ETF 307.83 0.00
ISHARES CORE MSCI EMERGING ETF
TICKER: IEMG
06/20/25 CASH RECEIPT 73.81 0.00 82619761, (DFR) MUTUAL FUND DIVIDEND REINVESTED
---------------- ----------------- ----------------- ----------------- TOTAL ISHARES CORE MSCI EMERGING ETF 73.81 0.00
ISHARES CORE S&P 500 ETF
TICKER: IVV
06/20/25 CASH RECEIPT 63.48 0.00 82619761, (DFR) MUTUAL FUND DIVIDEND REINVESTED
Charles Schwab Trust Bank, 2360 Corporate Circle, Henderson, NV 89074 Investment and Insurance Products: Not a Deposit • Not FDIC Insured • Not Insured by any Federal Government Agency • No Bank Guarantee • May Lose Value JE897NP10000842-0011339
CITY OF BELL OPEB TRUST ACCOUNT
ACCOUNT NUMBER:
REPORTING PERIOD: 05/31/25 TO 06/30/25
PAGE : 6
TRANSACTION DETAIL
------------------
DATE DESCRIPTION UNITS CASH INVESTMENTS GAIN/LOSS ---- ----------- ----- ---- ----------- ---------
---------------- ----------------- ----------------- ----------------- TOTAL ISHARES CORE S&P 500 ETF 63.48 0.00
ISHARES MSCI EAFE VALUE ETF
TICKER: EFV
06/20/25 CASH RECEIPT 208.49 0.00 82619761, (DFR) MUTUAL FUND DIVIDEND REINVESTED
---------------- ----------------- ----------------- ----------------- TOTAL ISHARES MSCI EAFE VALUE ETF 208.49 0.00
ISHARES TOTAL USD BOND MARKET ETF
TICKER: IUSB
06/05/25 CASH RECEIPT 91.32 0.00 82619761, (DFR) MUTUAL FUND DIVIDEND REINVESTED
---------------- ----------------- ----------------- ----------------- TOTAL ISHARES TOTAL USD BOND MARKET ETF 91.32 0.00
ISHARES US INFRASTRUCTURE ETF
TICKER: IFRA
06/20/25 CASH RECEIPT 17.81 0.00 82619761, (DFR) MUTUAL FUND DIVIDEND REINVESTED
---------------- ----------------- ----------------- ----------------- TOTAL ISHARES US INFRASTRUCTURE ETF 17.81 0.00
ISHARS EDG MSCI USA QLTY FCTR ETF
TICKER: QUAL
06/20/25 CASH RECEIPT 17.48 0.00 82619761, (DFR) MUTUAL FUND DIVIDEND REINVESTED
---------------- ----------------- ----------------- ----------------- TOTAL ISHARS EDG MSCI USA QLTY FCTR ETF 17.48 0.00
JANUS HENDERSON AAA CLO ETF IV
TICKER: JAAA
06/06/25 CASH RECEIPT 65.84 0.00 82619761, (DFR) MUTUAL FUND DIVIDEND REINVESTED
---------------- ----------------- ----------------- ----------------- TOTAL JANUS HENDERSON AAA CLO ETF IV 65.84 0.00
JPMORGAN INCOME ETF
TICKER: JPIE
06/04/25 CASH RECEIPT 118.27 0.00 82619761, (DFR) MUTUAL FUND DIVIDEND REINVESTED
Charles Schwab Trust Bank, 2360 Corporate Circle, Henderson, NV 89074 Investment and Insurance Products: Not a Deposit • Not FDIC Insured • Not Insured by any Federal Government Agency • No Bank Guarantee • May Lose Value JE897NP10000842-0011340
CITY OF BELL OPEB TRUST ACCOUNT
ACCOUNT NUMBER:
REPORTING PERIOD: 05/31/25 TO 06/30/25
PAGE : 7
TRANSACTION DETAIL
------------------
DATE DESCRIPTION UNITS CASH INVESTMENTS GAIN/LOSS ---- ----------- ----- ---- ----------- ---------
---------------- ----------------- ----------------- ----------------- TOTAL JPMORGAN INCOME ETF 118.27 0.00
PIMCO INCM FD INST CL
TICKER: PIMIX
06/30/25 CASH RECEIPT 427.57 0.00 82619761, (DIV) DIVIDEND
---------------- ----------------- ----------------- ----------------- TOTAL PIMCO INCM FD INST CL 427.57 0.00
PIMCO MULTISECTOR BOND ACTV ETF
TICKER: PYLD
06/04/25 CASH RECEIPT 60.49 0.00 82619761, (DFR) MUTUAL FUND DIVIDEND REINVESTED
---------------- ----------------- ----------------- ----------------- TOTAL PIMCO MULTISECTOR BOND ACTV ETF 60.49 0.00
SPDR S&P 500 GROWTH ETF
TICKER: SPYG
06/25/25 CASH RECEIPT 4.88 0.00 82619761, (DFR) MUTUAL FUND DIVIDEND REINVESTED
---------------- ----------------- ----------------- ----------------- TOTAL SPDR S&P 500 GROWTH ETF 4.88 0.00
SPDR S&P 500 VALUE ETF
TICKER: SPYV
06/25/25 CASH RECEIPT 31.91 0.00 82619761, (DFR) MUTUAL FUND DIVIDEND REINVESTED
---------------- ----------------- ----------------- ----------------- TOTAL SPDR S&P 500 VALUE ETF 31.91 0.00
VANGUARD INFORMATION TECHNOLOGY ETF
TICKER: VGT
06/30/25 CASH RECEIPT 4.92 0.00 82619761, (DFR) MUTUAL FUND DIVIDEND REINVESTED
---------------- ----------------- ----------------- ----------------- TOTAL VANGUARD INFORMATION TECHNOLOGY ETF 4.92 0.00
VANGUARD INTL DIVIDEND APRECTN ETF
TICKER: VIGI
06/24/25 CASH RECEIPT 49.30 0.00 082619761, (DFR) MUTUAL FUND DIVIDEND REINVESTED
Charles Schwab Trust Bank, 2360 Corporate Circle, Henderson, NV 89074 Investment and Insurance Products: Not a Deposit • Not FDIC Insured • Not Insured by any Federal Government Agency • No Bank Guarantee • May Lose Value JE897NP10000842-0011341
CITY OF BELL OPEB TRUST ACCOUNT
ACCOUNT NUMBER:
REPORTING PERIOD: 05/31/25 TO 06/30/25
PAGE : 8
TRANSACTION DETAIL
------------------
DATE DESCRIPTION UNITS CASH INVESTMENTS GAIN/LOSS ---- ----------- ----- ---- ----------- ---------
---------------- ----------------- ----------------- ----------------- TOTAL VANGUARD INTL DIVIDEND APRECTN ETF 49.30 0.00
---------------- ----------------- ----------------- ----------------- TOTAL DIVIDENDS AND CAPITAL GAINS 1,559.46 0.00
SALES AND REDEMPTIONS
---------------------
FIDELITY TOTAL BOND ETF
TICKER: FBND
06/24/25 SOLD 170 UNITS -170.000 7,745.56 7,687.70- 57.86 TRADE DATE 6/23/25
170 UNITS AT $45.5623
---------------- ----------------- ----------------- ----------------- TOTAL FIDELITY TOTAL BOND ETF -170.000 7,745.56 7,687.70- 57.86
ISHARES TOTAL USD BOND MARKET ETF
TICKER: IUSB
06/24/25 SOLD 75 UNITS -75.000 3,440.60 3,444.56- 3.96- TRADE DATE 6/23/25
75 UNITS AT $45.8748
---------------- ----------------- ----------------- ----------------- TOTAL ISHARES TOTAL USD BOND MARKET ETF -75.000 3,440.60 3,444.56- 3.96-
JANUS HENDERSON AAA CLO ETF IV
TICKER: JAAA
06/24/25 SOLD 40 UNITS -40.000 2,027.72 2,035.67- 7.95- TRADE DATE 6/23/25
40 UNITS AT $50.6933
---------------- ----------------- ----------------- ----------------- TOTAL JANUS HENDERSON AAA CLO ETF IV -40.000 2,027.72 2,035.67- 7.95-
JPMORGAN INCOME ETF
TICKER: JPIE
06/24/25 SOLD 59 UNITS -59.000 2,719.35 2,685.78- 33.57 TRADE DATE 6/23/25
59 UNITS AT $46.0908
---------------- ----------------- ----------------- ----------------- TOTAL JPMORGAN INCOME ETF -59.000 2,719.35 2,685.78- 33.57
PIMCO INCM FD INST CL
TICKER: PIMIX
06/24/25 SOLD 795.136 UNITS -795.136 8,500.00 8,453.81- 46.19 TRADE DATE 6/23/25
795.136 UNITS AT $10.69
Charles Schwab Trust Bank, 2360 Corporate Circle, Henderson, NV 89074 Investment and Insurance Products: Not a Deposit • Not FDIC Insured • Not Insured by any Federal Government Agency • No Bank Guarantee • May Lose Value JE897NP10000842-0011342
CITY OF BELL OPEB TRUST ACCOUNT
ACCOUNT NUMBER:
REPORTING PERIOD: 05/31/25 TO 06/30/25
PAGE : 9
TRANSACTION DETAIL
------------------
DATE DESCRIPTION UNITS CASH INVESTMENTS GAIN/LOSS ---- ----------- ----- ---- ----------- ---------
---------------- ----------------- ----------------- ----------------- TOTAL PIMCO INCM FD INST CL -795.136 8,500.00 8,453.81- 46.19
PIMCO MULTISECTOR BOND ACTV ETF
TICKER: PYLD
06/24/25 SOLD 50 UNITS -50.000 1,316.74 1,295.88- 20.86 TRADE DATE 6/23/25
50 UNITS AT $26.335
---------------- ----------------- ----------------- ----------------- TOTAL PIMCO MULTISECTOR BOND ACTV ETF -50.000 1,316.74 1,295.88- 20.86
---------------- ----------------- ----------------- ----------------- TOTAL SALES AND REDEMPTION 25,749.97 25,603.40- 146.57
FEES AND COMMISSIONS
-----------------------
06/09/25 CASH DISBURSEMENT 83.33- 0.00
TTEE/CUSTODIAN FEE/EXPENSE
82619761, (TPFEE) TRUSTEE FEE
---------------- ----------------- ----------------- ----------------- TOTAL FEES AND COMMISSIONS 83.33- 0.00
PURCHASES AND REINVESTMENTS
---------------------------
BLACKROCK US EQY FCTR ROTN ETF
TICKER: DYNF
06/20/25 PURCHASED 0.306 UNITS 0.306 16.06- 16.06 TRADE DATE 6/20/25
0.306 UNITS AT $52.4799
82619761, (RID) REINVESTED MUTUAL FUND DIVIDENDS
FASTTAX CODE: 999
06/24/25 PURCHASED 32 UNITS 32.000 1,684.00- 1,684.00 TRADE DATE 6/23/25
32 UNITS AT $52.625
---------------- ----------------- ----------------- ----------------- TOTAL BLACKROCK US EQY FCTR ROTN ETF 32.306 1,700.06- 1,700.06
FIDELITY TOTAL BOND ETF
TICKER: FBND
06/02/25 PURCHASED 6.8195 UNITS 6.820 307.83- 307.83 TRADE DATE 6/ 2/25
6.8195 UNITS AT $45.14
82619761, (RID) REINVESTED MUTUAL FUND DIVIDENDS
FASTTAX CODE: 999
Charles Schwab Trust Bank, 2360 Corporate Circle, Henderson, NV 89074 Investment and Insurance Products: Not a Deposit • Not FDIC Insured • Not Insured by any Federal Government Agency • No Bank Guarantee • May Lose Value JE897NP10000842-0011343
CITY OF BELL OPEB TRUST ACCOUNT
ACCOUNT NUMBER:
REPORTING PERIOD: 05/31/25 TO 06/30/25
PAGE : 10
TRANSACTION DETAIL
------------------
DATE DESCRIPTION UNITS CASH INVESTMENTS GAIN/LOSS ---- ----------- ----- ---- ----------- ---------
---------------- ----------------- ----------------- ----------------- TOTAL FIDELITY TOTAL BOND ETF 6.820 307.83- 307.83
ISHARES CORE MSCI EMERGING ETF
TICKER: IEMG
06/20/25 PURCHASED 1.2781 UNITS 1.278 73.81- 73.81 TRADE DATE 6/20/25
1.2781 UNITS AT $57.75
82619761, (RID) REINVESTED MUTUAL FUND DIVIDENDS
FASTTAX CODE: 999
06/24/25 PURCHASED 30 UNITS 30.000 1,739.55- 1,739.55 TRADE DATE 6/23/25
30 UNITS AT $57.985
---------------- ----------------- ----------------- ----------------- TOTAL ISHARES CORE MSCI EMERGING ETF 31.278 1,813.36- 1,813.36
ISHARES CORE S&P 500 ETF
TICKER: IVV
06/20/25 PURCHASED 0.106 UNITS 0.106 63.48- 63.48 TRADE DATE 6/20/25
0.106 UNITS AT $598.97
82619761, (RID) REINVESTED MUTUAL FUND DIVIDENDS
FASTTAX CODE: 999
06/24/25 PURCHASED 9 UNITS 9.000 5,416.92- 5,416.92 TRADE DATE 6/23/25
9 UNITS AT $601.88
---------------- ----------------- ----------------- ----------------- TOTAL ISHARES CORE S&P 500 ETF 9.106 5,480.40- 5,480.40
ISHARES MSCI EAFE VALUE ETF
TICKER: EFV
06/20/25 PURCHASED 3.3665 UNITS 3.366 208.49- 208.49 TRADE DATE 6/20/25
3.3665 UNITS AT $61.9299
82619761, (RID) REINVESTED MUTUAL FUND DIVIDENDS
FASTTAX CODE: 999
06/24/25 PURCHASED 45 UNITS 45.000 2,792.48- 2,792.48 TRADE DATE 6/23/25
45 UNITS AT $62.0552
---------------- ----------------- ----------------- ----------------- TOTAL ISHARES MSCI EAFE VALUE ETF 48.366 3,000.97- 3,000.97
ISHARES TOTAL USD BOND MARKET ETF
TICKER: IUSB
06/05/25 PURCHASED 1.9991 UNITS 1.999 91.32- 91.32 TRADE DATE 6/ 5/25
1.9991 UNITS AT $45.68
82619761, (RID) REINVESTED MUTUAL FUND DIVIDENDS
FASTTAX CODE: 999
Charles Schwab Trust Bank, 2360 Corporate Circle, Henderson, NV 89074 Investment and Insurance Products: Not a Deposit • Not FDIC Insured • Not Insured by any Federal Government Agency • No Bank Guarantee • May Lose Value JE897NP10000842-0011344
CITY OF BELL OPEB TRUST ACCOUNT
ACCOUNT NUMBER:
REPORTING PERIOD: 05/31/25 TO 06/30/25
PAGE : 11
TRANSACTION DETAIL
------------------
DATE DESCRIPTION UNITS CASH INVESTMENTS GAIN/LOSS ---- ----------- ----- ---- ----------- ---------
---------------- ----------------- ----------------- ----------------- TOTAL ISHARES TOTAL USD BOND MARKET ETF 1.999 91.32- 91.32
ISHARES US INFRASTRUCTURE ETF
TICKER: IFRA
06/20/25 PURCHASED 0.3712 UNITS 0.371 17.81- 17.81 TRADE DATE 6/20/25
0.3712 UNITS AT $47.9796
82619761, (RID) REINVESTED MUTUAL FUND DIVIDENDS
FASTTAX CODE: 999
06/24/25 PURCHASED 33 UNITS 33.000 1,594.23- 1,594.23 TRADE DATE 6/23/25
33 UNITS AT $48.3099
---------------- ----------------- ----------------- ----------------- TOTAL ISHARES US INFRASTRUCTURE ETF 33.371 1,612.04- 1,612.04
ISHARS EDG MSCI USA QLTY FCTR ETF
TICKER: QUAL
06/20/25 PURCHASED 0.0991 UNITS 0.099 17.48- 17.48 TRADE DATE 6/20/25
0.0991 UNITS AT $176.43
82619761, (RID) REINVESTED MUTUAL FUND DIVIDENDS
FASTTAX CODE: 999
06/24/25 PURCHASED 16 UNITS 16.000 2,836.00- 2,836.00 TRADE DATE 6/23/25
16 UNITS AT $177.2499
---------------- ----------------- ----------------- ----------------- TOTAL ISHARS EDG MSCI USA QLTY FCTR ETF 16.099 2,853.48- 2,853.48
JANUS HENDERSON AAA CLO ETF IV
TICKER: JAAA
06/06/25 PURCHASED 1.3025 UNITS 1.303 65.84- 65.84 TRADE DATE 6/ 6/25
1.3025 UNITS AT $50.55
82619761, (RID) REINVESTED MUTUAL FUND DIVIDENDS
FASTTAX CODE: 999
---------------- ----------------- ----------------- ----------------- TOTAL JANUS HENDERSON AAA CLO ETF IV 1.303 65.84- 65.84
JP MORGAN EXCHG BETABUILDERS JP ETF
TICKER: BBJP
06/24/25 PURCHASED 27 UNITS 27.000 1,603.67- 1,603.67 TRADE DATE 6/23/25
27 UNITS AT $59.395
---------------- ----------------- ----------------- ----------------- TOTAL JP MORGAN EXCHG BETABUILDERS JP ETF 27.000 1,603.67- 1,603.67
Charles Schwab Trust Bank, 2360 Corporate Circle, Henderson, NV 89074 Investment and Insurance Products: Not a Deposit • Not FDIC Insured • Not Insured by any Federal Government Agency • No Bank Guarantee • May Lose Value JE897NP10000842-0011345
CITY OF BELL OPEB TRUST ACCOUNT
ACCOUNT NUMBER:
REPORTING PERIOD: 05/31/25 TO 06/30/25
PAGE : 12
TRANSACTION DETAIL
------------------
DATE DESCRIPTION UNITS CASH INVESTMENTS GAIN/LOSS ---- ----------- ----- ---- ----------- ---------
JPMORGAN INCOME ETF
TICKER: JPIE
06/04/25 PURCHASED 2.5778 UNITS 2.578 118.27- 118.27 TRADE DATE 6/ 4/25
2.5778 UNITS AT $45.8797
82619761, (RID) REINVESTED MUTUAL FUND DIVIDENDS
FASTTAX CODE: 999
---------------- ----------------- ----------------- ----------------- TOTAL JPMORGAN INCOME ETF 2.578 118.27- 118.27
PIMCO MULTISECTOR BOND ACTV ETF
TICKER: PYLD
06/04/25 PURCHASED 2.3105 UNITS 2.311 60.49- 60.49 TRADE DATE 6/ 4/25
2.3105 UNITS AT $26.18
82619761, (RID) REINVESTED MUTUAL FUND DIVIDENDS
FASTTAX CODE: 999
---------------- ----------------- ----------------- ----------------- TOTAL PIMCO MULTISECTOR BOND ACTV ETF 2.311 60.49- 60.49
SPDR S&P 500 GROWTH ETF
TICKER: SPYG
06/24/25 PURCHASED 10 UNITS 10.000 914.85- 914.85 TRADE DATE 6/23/25
10 UNITS AT $91.485
06/25/25 PURCHASED 0.0522 UNITS 0.052 4.88- 4.88 TRADE DATE 6/25/25
0.0522 UNITS AT $93.4798
82619761, (RID) REINVESTED MUTUAL FUND DIVIDENDS
FASTTAX CODE: 999
---------------- ----------------- ----------------- ----------------- TOTAL SPDR S&P 500 GROWTH ETF 10.052 919.73- 919.73
SPDR S&P 500 VALUE ETF
TICKER: SPYV
06/24/25 PURCHASED 46 UNITS 46.000 2,359.20- 2,359.20 TRADE DATE 6/23/25
46 UNITS AT $51.2869
06/25/25 PURCHASED 0.6177 UNITS 0.618 31.91- 31.91 TRADE DATE 6/25/25
0.6177 UNITS AT $51.66
82619761, (RID) REINVESTED MUTUAL FUND DIVIDENDS
FASTTAX CODE: 999
Charles Schwab Trust Bank, 2360 Corporate Circle, Henderson, NV 89074 Investment and Insurance Products: Not a Deposit • Not FDIC Insured • Not Insured by any Federal Government Agency • No Bank Guarantee • May Lose Value JE897NP10000842-0011346
CITY OF BELL OPEB TRUST ACCOUNT
ACCOUNT NUMBER:
REPORTING PERIOD: 05/31/25 TO 06/30/25
PAGE : 13
TRANSACTION DETAIL
------------------
DATE DESCRIPTION UNITS CASH INVESTMENTS GAIN/LOSS ---- ----------- ----- ---- ----------- ---------
---------------- ----------------- ----------------- ----------------- TOTAL SPDR S&P 500 VALUE ETF 46.618 2,391.11- 2,391.11
VANGUARD INFORMATION TECHNOLOGY ETF
TICKER: VGT
06/24/25 PURCHASED 2 UNITS 2.000 1,267.32- 1,267.32 TRADE DATE 6/23/25
2 UNITS AT $633.66
06/30/25 PURCHASED 0.0075 UNITS 0.007 4.92- 4.92 TRADE DATE 6/30/25
0.0075 UNITS AT $660.17
82619761, (RID) REINVESTED MUTUAL FUND DIVIDENDS
FASTTAX CODE: 999
---------------- ----------------- ----------------- ----------------- TOTAL VANGUARD INFORMATION TECHNOLOGY ETF 2.007 1,272.24- 1,272.24
VANGUARD INTL DIVIDEND APRECTN ETF
TICKER: VIGI
06/24/25 PURCHASED 27 UNITS 27.000 2,371.55- 2,371.55 TRADE DATE 6/23/25
27 UNITS AT $87.835
06/24/25 PURCHASED 0.5569 UNITS 0.557 49.30- 49.30 TRADE DATE 6/24/25
0.5569 UNITS AT $88.53
082619761, (RID) REINVESTED MUTUAL FUND DIVIDENDS
FASTTAX CODE: 999
---------------- ----------------- ----------------- ----------------- TOTAL VANGUARD INTL DIVIDEND APRECTN ETF 27.557 2,420.85- 2,420.85
---------------- ----------------- ----------------- ----------------- TOTAL PURCHASES AND REINVESTMENTS 25,711.66- 25,711.66
06/30/25 BALANCES CARRIED FORWARD $3,450.46 $314,387.51 Charles Schwab Trust Bank, 2360 Corporate Circle, Henderson, NV 89074 Investment and Insurance Products: Not a Deposit • Not FDIC Insured • Not Insured by any Federal Government Agency • No Bank Guarantee • May Lose Value JE897NP10000842-0011347
CITY OF BELL OPEB TRUST ACCOUNT
ACCOUNT NUMBER:
REPORTING PERIOD: 5/31/25 TO 6/30/25
PAGE : 14
ASSET SUMMARY
-------------
BEGINNING ENDING ADJUSTED UNREALIZED
DESCRIPTION MARKET MARKET COST GAIN / LOSS ----------- ------ ------ ---- -----------
MUTUAL FUNDS 84,583.74 77,214.81 76,224.78 990.03
UNIT INVESTMENT TRUSTS 237,511.12 250,954.22 238,162.73 12,791.49
CASH 1,935.95 3,450.46
----------------- ----------------- ----------------- ----------------- TOTAL INVESTMENTS 324,030.81 331,619.49 314,387.51 13,781.52 ================= ================= ================= ================= Charles Schwab Trust Bank, 2360 Corporate Circle, Henderson, NV 89074 Investment and Insurance Products: Not a Deposit • Not FDIC Insured • Not Insured by any Federal Government Agency • No Bank Guarantee • May Lose Value JE897NP10000842-0011348
CITY OF BELL OPEB TRUST ACCOUNT
ACCOUNT NUMBER:
REPORTING PERIOD: 5/31/25 TO 6/30/25
PAGE : 15
ASSET DETAIL
------------
SHARES/ BEGINNING ENDING ADJUSTED UNREALIZED
UNITS DESCRIPTION MARKET MARKET COST GAIN / LOSS ------- ----------- ------ ------ ---- -----------
MUTUAL FUNDS
---------------------------------
7,169.435 PIMCO INCM FD INST CL 84,583.74 77,214.81 76,224.78 990.03 TICKER: PIMIX
MONTH END PRICE 10.7700
----------------- ----------------- ----------------- ----------------- 84,583.74 77,214.81 76,224.78 990.03
UNIT INVESTMENT TRUSTS
---------------------------------
119.306 BLACKROCK US EQY FCTR ROTN ETF 4,519.65 6,497.40 6,022.21 475.19 TICKER: DYNF
MONTH END PRICE 54.4600
1,595.820 FIDELITY TOTAL BOND ETF 79,524.39 73,008.74 72,165.80 842.94 TICKER: FBND
MONTH END PRICE 45.7500
135.278 ISHARES CORE MSCI EMERGING ETF 5,895.76 8,120.74 6,908.84 1,211.90 TICKER: IEMG
MONTH END PRICE 60.0300
43.106 ISHARES CORE S&P 500 ETF 20,133.10 26,764.52 23,147.66 3,616.86 TICKER: IVV
MONTH END PRICE 620.9000
201.367 ISHARES MSCI EAFE VALUE ETF 9,736.92 12,782.75 11,239.40 1,543.35 TICKER: EFV
MONTH END PRICE 63.4800
479.952 ISHARES TOTAL USD BOND MARKET ETF 25,269.94 22,188.17 22,042.94 145.23 TICKER: IUSB
MONTH END PRICE 46.2300
130.371 ISHARES US INFRASTRUCTURE ETF 4,633.69 6,412.96 6,093.37 319.59 TICKER: IFRA
MONTH END PRICE 49.1900
61.099 ISHARS EDG MSCI USA QLTY FCTR ETF 7,967.70 11,170.14 10,645.25 524.89 TICKER: QUAL
MONTH END PRICE 182.8200
260.753 JANUS HENDERSON AAA CLO ETF IV 15,197.10 13,233.20 13,270.15 36.95- TICKER: JAAA
MONTH END PRICE 50.7500
106.000 JP MORGAN EXCHG BETABUILDERS JP ETF 4,796.09 6,548.68 6,087.73 460.95 TICKER: BBJP
MONTH END PRICE 61.7800
526.472 JPMORGAN INCOME ETF 26,830.60 24,386.16 23,965.87 420.29 TICKER: JPIE
MONTH END PRICE 46.3200
417.633 PIMCO MULTISECTOR BOND ACTV ETF 12,200.75 11,083.97 10,824.05 259.92 TICKER: PYLD
MONTH END PRICE 26.5400
46.052 SPDR S&P 500 GROWTH ETF 3,228.84 4,389.70 3,664.37 725.33 TICKER: SPYG
MONTH END PRICE 95.3200
172.618 SPDR S&P 500 VALUE ETF 6,385.68 9,034.81 8,357.66 677.15 TICKER: SPYV
MONTH END PRICE 52.3400
7.008 VANGUARD INFORMATION TECHNOLOGY ETF 3,031.85 4,647.93 3,898.64 749.29 TICKER: VGT
MONTH END PRICE 663.2800
118.557 VANGUARD INTL DIVIDEND APRECTN ETF 8,159.06 10,684.35 9,828.79 855.56 TICKER: VIGI
MONTH END PRICE 90.1200
----------------- ----------------- ----------------- ----------------- 237,511.12 250,954.22 238,162.73 12,791.49 ----------------- ----------------- ----------------- ----------------- Charles Schwab Trust Bank, 2360 Corporate Circle, Henderson, NV 89074 Investment and Insurance Products: Not a Deposit • Not FDIC Insured • Not Insured by any Federal Government Agency • No Bank Guarantee • May Lose Value JE897NP10000842-0011349
CITY OF BELL OPEB TRUST ACCOUNT
ACCOUNT NUMBER:
REPORTING PERIOD: 5/31/25 TO 6/30/25
PAGE : 16
ASSET DETAIL
------------
SHARES/ BEGINNING ENDING ADJUSTED UNREALIZED
UNITS DESCRIPTION MARKET MARKET COST GAIN / LOSS ------- ----------- ------ ------ ---- -----------
TOTAL 322,094.86 328,169.03 314,387.51 13,781.52 CASH 1,935.95 3,450.46 ----------------- -----------------
NET ASSETS 324,030.81 331,619.49 ================= =================
Charles Schwab Trust Bank, 2360 Corporate Circle, Henderson, NV 89074 Investment and Insurance Products: Not a Deposit • Not FDIC Insured • Not Insured by any Federal Government Agency • No Bank Guarantee • May Lose Value JE897NP10000842-0011350
CITY OF BELL PEN STABILIZATION TRUST
CAPACITY : CUSTODIAN
ACCOUNT NUMBER:
REPORTING PERIOD: 5/31/25 TO 6/30/25
PAGE : 1
Charles Schwab Trust Bank, 2360 Corporate Circle, Henderson, NV 89074 Investment and Insurance Products: Not a Deposit • Not FDIC Insured • Not Insured by any Federal Government Agency • No Bank Guarantee • May Lose Value JE897NP10000843-0011351 PDFE 001 ------ 799742
CITY OF BELL PEN STABILIZATION TRUST
ACCOUNT NUMBER:
REPORTING PERIOD: 5/31/25 TO 6/30/25
PAGE : 2
FDIC Insurance: Bank Sweep for Benefit Plans (BSBP), Schwab Bank Savings (SBS), and Schwab Bank Sweep for Employee Benefit Plans (SBSEBP) deposits, as applicable, held by Charles Schwab Trust Bank or another Program Bank(s) are insured by the Federal Deposit Insurance Corporation (FDIC), subject to the satisfaction of certain conditions. Please refer to the Charles Schwab Cash Features Program Disclosure Statement, Charles Schwab Trust Bank SBS MMDA Terms and Conditions, or Charles Schwab Trust Bank's Disclosure Statement for Bank Sweep Program for Trust and Custody Accounts, as applicable for each product, for eligibility of Retirement Plans and Accounts for FDIC Insurance.
FDIC insurance rules are complex. You are responsible for monitoring any insured or uninsured portion of any deposit in BSBP, SBS, or SBSEBP. You should consult with your own attorney to determine applicable recordkeeping requirements which are a condition of FDIC Insurance Coverage and the application of FDIC Insurance Coverage to your specific situation.
Please note that cash positions at Charles Schwab & Co., Inc. in your plan's related Personal Choice Retirement Accounts (PCRAs) or Schwab Retirement Advisor Portfolio (SRAP) accounts which have been swept into BSBP are included on this statement. Cash balances in these accounts are deposited through BSBP in one or more of the Program Banks. In very limited cases during extreme market conditions, some or all of the cash position in your plan's PCRAs or your plan's SRAP accounts may be temporarily swept into a money market mutual fund, which is not FDIC insured, but may be covered by SIPC insurance. Again, please review the applicable brokerage account agreements and the current Charles Schwab Cash Features Program Disclosure Statement for more information. The total cash on this statement swept to BSBP has been allocated to the Program Banks in the amounts listed below:
Total BSBP Deposits in Program Banks As of (end of reporting period)
CHARLES SCHWAB BANK $4,035.87
(0125-BWFR)
Charles Schwab Trust Bank, 2360 Corporate Circle, Henderson, NV 89074 Investment and Insurance Products: Not a Deposit • Not FDIC Insured • Not Insured by any Federal Government Agency • No Bank Guarantee • May Lose Value JE897NP10000843-0011352
CITY OF BELL PEN STABILIZATION TRUST
ACCOUNT NUMBER:
REPORTING PERIOD: 5/31/25 TO 6/30/25
PAGE : 3
STATEMENT OF ACCOUNT
--------------------
S C H E D U L E S
-------------------
ACCOUNT SUMMARY 4
TRANSACTION DETAIL 5
ASSET SUMMARY 15
ASSET DETAIL 16
Charles Schwab Trust Bank, 2360 Corporate Circle, Henderson, NV 89074 Investment and Insurance Products: Not a Deposit • Not FDIC Insured • Not Insured by any Federal Government Agency • No Bank Guarantee • May Lose Value JE897NP10000843-0011353
CITY OF BELL PEN STABILIZATION TRUST
ACCOUNT NUMBER:
REPORTING PERIOD: 05/31/25 TO 06/30/25
PAGE : 4
ACCOUNT SUMMARY
---------------
RECEIPTS
========
EARNINGS FROM INVESTMENTS:
INTEREST 0.27 DIVIDENDS AND CAPITAL GAINS 6,115.31
TOTAL EARNINGS FROM INVESTMENTS 6,115.58
NET REALIZED GAINS & LOSSES:
AGGREGATE PROCEEDS 500,577.53 AGGREGATE COSTS 496,845.91- TOTAL NET REALIZED GAINS & LOSSES 3,731.62
TOTAL RECEIPTS 9,847.20
DISBURSEMENTS
=============
ADMINISTRATIVE EXPENSES:
FEES AND COMMISSIONS 83.33- TOTAL ADMINISTRATIVE EXPENSES 83.33-
TOTAL DISBURSEMENTS 83.33-
NET CHANGE 9,763.87
CHANGE IN NET ASSETS
UNREALIZED APPRECIATION 29,733.98
NET ASSETS AT BEGINNING OF PERIOD 1,301,218.33 NET CHANGE IN ASSETS FOR THE PERIOD 39,497.85 NET ASSETS AT END OF PERIOD 1,340,716.18 Charles Schwab Trust Bank, 2360 Corporate Circle, Henderson, NV 89074 Investment and Insurance Products: Not a Deposit • Not FDIC Insured • Not Insured by any Federal Government Agency • No Bank Guarantee • May Lose Value JE897NP10000843-0011354
CITY OF BELL PEN STABILIZATION TRUST
ACCOUNT NUMBER:
REPORTING PERIOD: 05/31/25 TO 06/30/25
PAGE : 5
TRANSACTION DETAIL
------------------
DATE DESCRIPTION UNITS CASH INVESTMENTS GAIN/LOSS ---- ----------- ----- ---- ----------- ---------
05/31/25 BALANCES CARRIED FORWARD $7,823.20 $1,260,957.22
INTEREST
--------
06/16/25 CASH RECEIPT 0.27 0.00 57933841, (BKINT) BANK INTEREST
---------------- ----------------- ----------------- ----------------- TOTAL 0.27 0.00
---------------- ----------------- ----------------- ----------------- TOTAL INTEREST 0.27 0.00
DIVIDENDS AND CAPITAL GAINS
---------------------------
BLACKROCK US EQY FCTR ROTN ETF
TICKER: DYNF
06/20/25 CASH RECEIPT 64.44 0.00 57933841, (DFR) MUTUAL FUND DIVIDEND REINVESTED
---------------- ----------------- ----------------- ----------------- TOTAL BLACKROCK US EQY FCTR ROTN ETF 64.44 0.00
FIDELITY TOTAL BOND ETF
TICKER: FBND
06/02/25 CASH RECEIPT 1,230.25 0.00 57933841, (DFR) MUTUAL FUND DIVIDEND REINVESTED
---------------- ----------------- ----------------- ----------------- TOTAL FIDELITY TOTAL BOND ETF 1,230.25 0.00
ISHARES CORE MSCI EMERGING ETF
TICKER: IEMG
06/20/25 CASH RECEIPT 298.06 0.00 57933841, (DFR) MUTUAL FUND DIVIDEND REINVESTED
---------------- ----------------- ----------------- ----------------- TOTAL ISHARES CORE MSCI EMERGING ETF 298.06 0.00
ISHARES CORE S&P 500 ETF
TICKER: IVV
06/20/25 CASH RECEIPT 252.04 0.00 57933841, (DFR) MUTUAL FUND DIVIDEND REINVESTED
Charles Schwab Trust Bank, 2360 Corporate Circle, Henderson, NV 89074 Investment and Insurance Products: Not a Deposit • Not FDIC Insured • Not Insured by any Federal Government Agency • No Bank Guarantee • May Lose Value JE897NP10000843-0011355
CITY OF BELL PEN STABILIZATION TRUST
ACCOUNT NUMBER:
REPORTING PERIOD: 05/31/25 TO 06/30/25
PAGE : 6
TRANSACTION DETAIL
------------------
DATE DESCRIPTION UNITS CASH INVESTMENTS GAIN/LOSS ---- ----------- ----- ---- ----------- ---------
---------------- ----------------- ----------------- ----------------- TOTAL ISHARES CORE S&P 500 ETF 252.04 0.00
ISHARES MSCI EAFE VALUE ETF
TICKER: EFV
06/20/25 CASH RECEIPT 838.05 0.00 57933841, (DFR) MUTUAL FUND DIVIDEND REINVESTED
---------------- ----------------- ----------------- ----------------- TOTAL ISHARES MSCI EAFE VALUE ETF 838.05 0.00
ISHARES TOTAL USD BOND MARKET ETF
TICKER: IUSB
06/05/25 CASH RECEIPT 366.10 0.00 57933841, (DFR) MUTUAL FUND DIVIDEND REINVESTED
---------------- ----------------- ----------------- ----------------- TOTAL ISHARES TOTAL USD BOND MARKET ETF 366.10 0.00
ISHARES US INFRASTRUCTURE ETF
TICKER: IFRA
06/20/25 CASH RECEIPT 71.97 0.00 57933841, (DFR) MUTUAL FUND DIVIDEND REINVESTED
---------------- ----------------- ----------------- ----------------- TOTAL ISHARES US INFRASTRUCTURE ETF 71.97 0.00
ISHARS EDG MSCI USA QLTY FCTR ETF
TICKER: QUAL
06/20/25 CASH RECEIPT 67.60 0.00 57933841, (DFR) MUTUAL FUND DIVIDEND REINVESTED
---------------- ----------------- ----------------- ----------------- TOTAL ISHARS EDG MSCI USA QLTY FCTR ETF 67.60 0.00
JANUS HENDERSON AAA CLO ETF IV
TICKER: JAAA
06/06/25 CASH RECEIPT 264.01 0.00 57933841, (DFR) MUTUAL FUND DIVIDEND REINVESTED
---------------- ----------------- ----------------- ----------------- TOTAL JANUS HENDERSON AAA CLO ETF IV 264.01 0.00
JPMORGAN INCOME ETF
TICKER: JPIE
06/04/25 CASH RECEIPT 474.73 0.00 57933841, (DFR) MUTUAL FUND DIVIDEND REINVESTED
Charles Schwab Trust Bank, 2360 Corporate Circle, Henderson, NV 89074 Investment and Insurance Products: Not a Deposit • Not FDIC Insured • Not Insured by any Federal Government Agency • No Bank Guarantee • May Lose Value JE897NP10000843-0011356
CITY OF BELL PEN STABILIZATION TRUST
ACCOUNT NUMBER:
REPORTING PERIOD: 05/31/25 TO 06/30/25
PAGE : 7
TRANSACTION DETAIL
------------------
DATE DESCRIPTION UNITS CASH INVESTMENTS GAIN/LOSS ---- ----------- ----- ---- ----------- ---------
---------------- ----------------- ----------------- ----------------- TOTAL JPMORGAN INCOME ETF 474.73 0.00
PIMCO INCM FD INST CL
TICKER: PIMIX
06/30/25 CASH RECEIPT 1,564.15 0.00 57933841, (DIV) DIVIDEND
---------------- ----------------- ----------------- ----------------- TOTAL PIMCO INCM FD INST CL 1,564.15 0.00
PIMCO MULTISECTOR BOND ACTV ETF
TICKER: PYLD
06/04/25 CASH RECEIPT 243.01 0.00 57933841, (DFR) MUTUAL FUND DIVIDEND REINVESTED
---------------- ----------------- ----------------- ----------------- TOTAL PIMCO MULTISECTOR BOND ACTV ETF 243.01 0.00
SPDR S&P 500 GROWTH ETF
TICKER: SPYG
06/25/25 CASH RECEIPT 19.50 0.00 57933841, (DFR) MUTUAL FUND DIVIDEND REINVESTED
---------------- ----------------- ----------------- ----------------- TOTAL SPDR S&P 500 GROWTH ETF 19.50 0.00
SPDR S&P 500 VALUE ETF
TICKER: SPYV
06/25/25 CASH RECEIPT 128.89 0.00 57933841, (DFR) MUTUAL FUND DIVIDEND REINVESTED
---------------- ----------------- ----------------- ----------------- TOTAL SPDR S&P 500 VALUE ETF 128.89 0.00
VANGUARD INFORMATION TECHNOLOGY ETF
TICKER: VGT
06/30/25 CASH RECEIPT 35.84 0.00 57933841, (DFR) MUTUAL FUND DIVIDEND REINVESTED
---------------- ----------------- ----------------- ----------------- TOTAL VANGUARD INFORMATION TECHNOLOGY ETF 35.84 0.00
VANGUARD INTL DIVIDEND APRECTN ETF
TICKER: VIGI
06/24/25 CASH RECEIPT 196.67 0.00 057933841, (DFR) MUTUAL FUND DIVIDEND REINVESTED
Charles Schwab Trust Bank, 2360 Corporate Circle, Henderson, NV 89074 Investment and Insurance Products: Not a Deposit • Not FDIC Insured • Not Insured by any Federal Government Agency • No Bank Guarantee • May Lose Value JE897NP10000843-0011357
CITY OF BELL PEN STABILIZATION TRUST
ACCOUNT NUMBER:
REPORTING PERIOD: 05/31/25 TO 06/30/25
PAGE : 8
TRANSACTION DETAIL
------------------
DATE DESCRIPTION UNITS CASH INVESTMENTS GAIN/LOSS ---- ----------- ----- ---- ----------- ---------
---------------- ----------------- ----------------- ----------------- TOTAL VANGUARD INTL DIVIDEND APRECTN ETF 196.67 0.00
---------------- ----------------- ----------------- ----------------- TOTAL DIVIDENDS AND CAPITAL GAINS 6,115.31 0.00
SALES AND REDEMPTIONS
---------------------
FIDELITY TOTAL BOND ETF
TICKER: FBND
06/24/25 SOLD 3,540 UNITS -3,540.000 161,252.78 160,042.96- 1,209.82 TRADE DATE 6/23/25
3,540 UNITS AT $45.5518
06/25/25 SOLD 27 UNITS -27.000 1,232.62 1,220.67- 11.95 TRADE DATE 6/24/25
27 UNITS AT $45.6526
---------------- ----------------- ----------------- ----------------- TOTAL FIDELITY TOTAL BOND ETF -3,567.000 162,485.40 161,263.63- 1,221.77
ISHARES CORE MSCI EMERGING ETF
TICKER: IEMG
06/25/25 SOLD 16 UNITS -16.000 949.78 870.57- 79.21 TRADE DATE 6/24/25
16 UNITS AT $59.3614
---------------- ----------------- ----------------- ----------------- TOTAL ISHARES CORE MSCI EMERGING ETF -16.000 949.78 870.57- 79.21
ISHARES TOTAL USD BOND MARKET ETF
TICKER: IUSB
06/24/25 SOLD 1,153 UNITS -1,153.000 52,882.16 52,954.31- 72.15- TRADE DATE 6/23/25
1,153 UNITS AT $45.865
---------------- ----------------- ----------------- ----------------- TOTAL ISHARES TOTAL USD BOND MARKET ETF -1,153.000 52,882.16 52,954.31- 72.15-
JANUS HENDERSON AAA CLO ETF IV
TICKER: JAAA
06/24/25 SOLD 624 UNITS -624.000 31,626.28 31,756.86- 130.58- TRADE DATE 6/23/25
624 UNITS AT $50.6833
---------------- ----------------- ----------------- ----------------- TOTAL JANUS HENDERSON AAA CLO ETF IV -624.000 31,626.28 31,756.86- 130.58-
JPMORGAN INCOME ETF
TICKER: JPIE
06/24/25 SOLD 1,177 UNITS -1,177.000 54,248.91 53,577.97- 670.94 TRADE DATE 6/23/25
1,177 UNITS AT $46.091
Charles Schwab Trust Bank, 2360 Corporate Circle, Henderson, NV 89074 Investment and Insurance Products: Not a Deposit • Not FDIC Insured • Not Insured by any Federal Government Agency • No Bank Guarantee • May Lose Value JE897NP10000843-0011358
CITY OF BELL PEN STABILIZATION TRUST
ACCOUNT NUMBER:
REPORTING PERIOD: 05/31/25 TO 06/30/25
PAGE : 9
TRANSACTION DETAIL
------------------
DATE DESCRIPTION UNITS CASH INVESTMENTS GAIN/LOSS ---- ----------- ----- ---- ----------- ---------
---------------- ----------------- ----------------- ----------------- TOTAL JPMORGAN INCOME ETF -1,177.000 54,248.91 53,577.97- 670.94
PIMCO INCM FD INST CL
TICKER: PIMIX
06/24/25 SOLD 16,230.122 UNITS -16,230.122 173,500.00 171,927.06- 1,572.94 TRADE DATE 6/23/25
16,230.122 UNITS AT $10.69
---------------- ----------------- ----------------- ----------------- TOTAL PIMCO INCM FD INST CL -16,230.122 173,500.00 171,927.06- 1,572.94
PIMCO MULTISECTOR BOND ACTV ETF
TICKER: PYLD
06/24/25 SOLD 945 UNITS -945.000 24,885.00 24,495.51- 389.49 TRADE DATE 6/23/25
945 UNITS AT $26.3335
---------------- ----------------- ----------------- ----------------- TOTAL PIMCO MULTISECTOR BOND ACTV ETF -945.000 24,885.00 24,495.51- 389.49
---------------- ----------------- ----------------- ----------------- TOTAL SALES AND REDEMPTION 500,577.53 496,845.91- 3,731.62
FEES AND COMMISSIONS
-----------------------
06/09/25 CASH DISBURSEMENT 83.33- 0.00
TTEE/CUSTODIAN FEE/EXPENSE
57933841, (TPFEE) TRUSTEE FEE
---------------- ----------------- ----------------- ----------------- TOTAL FEES AND COMMISSIONS 83.33- 0.00
PURCHASES AND REINVESTMENTS
---------------------------
BLACKROCK US EQY FCTR ROTN ETF
TICKER: DYNF
06/20/25 PURCHASED 1.2279 UNITS 1.228 64.44- 64.44 TRADE DATE 6/20/25
1.2279 UNITS AT $52.4799
57933841, (RID) REINVESTED MUTUAL FUND DIVIDENDS
FASTTAX CODE: 999
06/24/25 PURCHASED 576 UNITS 576.000 30,372.48- 30,372.48 TRADE DATE 6/23/25
576 UNITS AT $52.73
Charles Schwab Trust Bank, 2360 Corporate Circle, Henderson, NV 89074 Investment and Insurance Products: Not a Deposit • Not FDIC Insured • Not Insured by any Federal Government Agency • No Bank Guarantee • May Lose Value JE897NP10000843-0011359
CITY OF BELL PEN STABILIZATION TRUST
ACCOUNT NUMBER:
REPORTING PERIOD: 05/31/25 TO 06/30/25
PAGE : 10
TRANSACTION DETAIL
------------------
DATE DESCRIPTION UNITS CASH INVESTMENTS GAIN/LOSS ---- ----------- ----- ---- ----------- ---------
---------------- ----------------- ----------------- ----------------- TOTAL BLACKROCK US EQY FCTR ROTN ETF 577.228 30,436.92- 30,436.92
FIDELITY TOTAL BOND ETF
TICKER: FBND
06/02/25 PURCHASED 27.2541 UNITS 27.254 1,230.25- 1,230.25 TRADE DATE 6/ 2/25
27.2541 UNITS AT $45.14
57933841, (RID) REINVESTED MUTUAL FUND DIVIDENDS
FASTTAX CODE: 999
06/10/25 PURCHASED 44 UNITS 44.000 1,984.62- 1,984.62 TRADE DATE 6/ 9/25
44 UNITS AT $45.105
---------------- ----------------- ----------------- ----------------- TOTAL FIDELITY TOTAL BOND ETF 71.254 3,214.87- 3,214.87
ISHARES CORE MSCI EMERGING ETF
TICKER: IEMG
06/20/25 PURCHASED 5.1612 UNITS 5.161 298.06- 298.06 TRADE DATE 6/20/25
5.1612 UNITS AT $57.75
57933841, (RID) REINVESTED MUTUAL FUND DIVIDENDS
FASTTAX CODE: 999
06/24/25 PURCHASED 626 UNITS 626.000 36,318.45- 36,318.45 TRADE DATE 6/23/25
626 UNITS AT $58.0167
---------------- ----------------- ----------------- ----------------- TOTAL ISHARES CORE MSCI EMERGING ETF 631.161 36,616.51- 36,616.51
ISHARES CORE S&P 500 ETF
TICKER: IVV
06/20/25 PURCHASED 0.4208 UNITS 0.421 252.04- 252.04 TRADE DATE 6/20/25
0.4208 UNITS AT $598.97
57933841, (RID) REINVESTED MUTUAL FUND DIVIDENDS
FASTTAX CODE: 999
06/24/25 PURCHASED 206 UNITS 206.000 124,213.22- 124,213.22 TRADE DATE 6/23/25
206 UNITS AT $602.9768
06/25/25 PURCHASED 2 UNITS 2.000 1,217.74- 1,217.74 TRADE DATE 6/24/25
2 UNITS AT $608.8697
---------------- ----------------- ----------------- ----------------- TOTAL ISHARES CORE S&P 500 ETF 208.421 125,683.00- 125,683.00
ISHARES MSCI EAFE VALUE ETF
TICKER: EFV
06/20/25 PURCHASED 13.5322 UNITS 13.532 838.05- 838.05 TRADE DATE 6/20/25
13.5322 UNITS AT $61.9299
57933841, (RID) REINVESTED MUTUAL FUND DIVIDENDS
FASTTAX CODE: 999
Charles Schwab Trust Bank, 2360 Corporate Circle, Henderson, NV 89074 Investment and Insurance Products: Not a Deposit • Not FDIC Insured • Not Insured by any Federal Government Agency • No Bank Guarantee • May Lose Value JE897NP10000843-0011360
CITY OF BELL PEN STABILIZATION TRUST
ACCOUNT NUMBER:
REPORTING PERIOD: 05/31/25 TO 06/30/25
PAGE : 11
TRANSACTION DETAIL
------------------
DATE DESCRIPTION UNITS CASH INVESTMENTS GAIN/LOSS ---- ----------- ----- ---- ----------- ---------
06/24/25 PURCHASED 943 UNITS 943.000 58,555.59- 58,555.59 TRADE DATE 6/23/25
943 UNITS AT $62.095
---------------- ----------------- ----------------- ----------------- TOTAL ISHARES MSCI EAFE VALUE ETF 956.532 59,393.64- 59,393.64
ISHARES TOTAL USD BOND MARKET ETF
TICKER: IUSB
06/05/25 PURCHASED 8.0144 UNITS 8.014 366.10- 366.10 TRADE DATE 6/ 5/25
8.0144 UNITS AT $45.68
57933841, (RID) REINVESTED MUTUAL FUND DIVIDENDS
FASTTAX CODE: 999
---------------- ----------------- ----------------- ----------------- TOTAL ISHARES TOTAL USD BOND MARKET ETF 8.014 366.10- 366.10
ISHARES US INFRASTRUCTURE ETF
TICKER: IFRA
06/20/25 PURCHASED 1.5 UNITS 1.500 71.97- 71.97 TRADE DATE 6/20/25
1.5 UNITS AT $47.9796
57933841, (RID) REINVESTED MUTUAL FUND DIVIDENDS
FASTTAX CODE: 999
06/24/25 PURCHASED 616 UNITS 616.000 29,795.92- 29,795.92 TRADE DATE 6/23/25
616 UNITS AT $48.37
---------------- ----------------- ----------------- ----------------- TOTAL ISHARES US INFRASTRUCTURE ETF 617.500 29,867.89- 29,867.89
ISHARS EDG MSCI USA QLTY FCTR ETF
TICKER: QUAL
06/20/25 PURCHASED 0.3832 UNITS 0.383 67.60- 67.60 TRADE DATE 6/20/25
0.3832 UNITS AT $176.43
57933841, (RID) REINVESTED MUTUAL FUND DIVIDENDS
FASTTAX CODE: 999
06/24/25 PURCHASED 307 UNITS 307.000 54,480.22- 54,480.22 TRADE DATE 6/23/25
307 UNITS AT $177.46
---------------- ----------------- ----------------- ----------------- TOTAL ISHARS EDG MSCI USA QLTY FCTR ETF 307.383 54,547.82- 54,547.82
JANUS HENDERSON AAA CLO ETF IV
TICKER: JAAA
06/06/25 PURCHASED 5.2227 UNITS 5.223 264.01- 264.01 TRADE DATE 6/ 6/25
5.2227 UNITS AT $50.55
57933841, (RID) REINVESTED MUTUAL FUND DIVIDENDS
FASTTAX CODE: 999
Charles Schwab Trust Bank, 2360 Corporate Circle, Henderson, NV 89074 Investment and Insurance Products: Not a Deposit • Not FDIC Insured • Not Insured by any Federal Government Agency • No Bank Guarantee • May Lose Value JE897NP10000843-0011361
CITY OF BELL PEN STABILIZATION TRUST
ACCOUNT NUMBER:
REPORTING PERIOD: 05/31/25 TO 06/30/25
PAGE : 12
TRANSACTION DETAIL
------------------
DATE DESCRIPTION UNITS CASH INVESTMENTS GAIN/LOSS ---- ----------- ----- ---- ----------- ---------
---------------- ----------------- ----------------- ----------------- TOTAL JANUS HENDERSON AAA CLO ETF IV 5.223 264.01- 264.01
JP MORGAN EXCHG BETABUILDERS JP ETF
TICKER: BBJP
06/24/25 PURCHASED 504 UNITS 504.000 29,935.08- 29,935.08 TRADE DATE 6/23/25
504 UNITS AT $59.395
06/25/25 PURCHASED 2 UNITS 2.000 119.53- 119.53 TRADE DATE 6/24/25
2 UNITS AT $59.765
---------------- ----------------- ----------------- ----------------- TOTAL JP MORGAN EXCHG BETABUILDERS JP ETF 506.000 30,054.61- 30,054.61
JPMORGAN INCOME ETF
TICKER: JPIE
06/04/25 PURCHASED 10.3473 UNITS 10.347 474.73- 474.73 TRADE DATE 6/ 4/25
10.3473 UNITS AT $45.8797
57933841, (RID) REINVESTED MUTUAL FUND DIVIDENDS
FASTTAX CODE: 999
---------------- ----------------- ----------------- ----------------- TOTAL JPMORGAN INCOME ETF 10.347 474.73- 474.73
PIMCO INCM FD INST CL
TICKER: PIMIX
06/25/25 PURCHASED 647.721 UNITS 647.721 7,000.00- 7,000.00 TRADE DATE 6/24/25
647.721 UNITS AT $10.73
---------------- ----------------- ----------------- ----------------- TOTAL PIMCO INCM FD INST CL 647.721 7,000.00- 7,000.00
PIMCO MULTISECTOR BOND ACTV ETF
TICKER: PYLD
06/04/25 PURCHASED 9.2823 UNITS 9.282 243.01- 243.01 TRADE DATE 6/ 4/25
9.2823 UNITS AT $26.18
57933841, (RID) REINVESTED MUTUAL FUND DIVIDENDS
FASTTAX CODE: 999
---------------- ----------------- ----------------- ----------------- TOTAL PIMCO MULTISECTOR BOND ACTV ETF 9.282 243.01- 243.01
Charles Schwab Trust Bank, 2360 Corporate Circle, Henderson, NV 89074 Investment and Insurance Products: Not a Deposit • Not FDIC Insured • Not Insured by any Federal Government Agency • No Bank Guarantee • May Lose Value JE897NP10000843-0011362