Successor Agency to the Brea Redevelopment Agency
Cash and Investment Information
Fiscal Agent Cash & Investments Detail
2013 Tax Allocation Bonds - CHANDLER $ - $ -
Short-Term Treasury Funds - BNY $ 200,613.13 $ 200,613.13 Sub-total $ 200,613.13 $ 200,613.13
2016 Tax Allocation Refunding Bonds, Series A & B - CHANDLER $ - $ - Short-Term Treasury Funds - BNY $ 38,398.52 $ 38,398.52 Sub-total $ 38,398.52 $ 38,398.52
2017 Tax Allocation Refunding Bonds, Series A & B - CHANDLER $ - $ - Short-Term Treasury Funds - BNY $ 83,230.02 $ 83,230.02 Sub-total $ 83,230.02 $ 83,230.02
Report Grand Total $ 322,241.67 $ 322,241.67
December 31, 2023
Book
Value
Market
Value
ATTACHMENT A Page 2 of 9
MONTHLY ACCOUNT STATEMENT
Successor Agency to the Brea RDA LAIF - Account #10166
DECEMBER 1, 2023 THROUGH DECEMBER 31, 2023
Information contained herein is confidential. We urge you to compare this statement to the one you receive from your qualified custodian. Please see Important Disclosures.
CHANDLER ASSET MANAGEMENT
chandlerasset.com
Chandler Team:
For questions about your account, please call (800) 317-4747, or contact [email protected]
ATTACHMENT A
ACCOUNT SUMMARY
Beg. Values
as of 11/30/23
End Values
as of 12/31/23
Market Value 19,664 19,664
Accrued Interest 124 189
Total Market Value 19,788 19,853
Income Earned 62 65
Cont/WD 0
Par 19,664 19,664
Book Value 19,664 19,664
Cost Value 19,664 19,664
TOP ISSUERS
Local Agency Investment Fund 100.0%
Total 100.0%
PORTFOLIO CHARACTERISTICS
Average Modified Duration 0.00
Average Coupon 3.95%
Average Purchase YTM 3.95%
Average Market YTM 3.95%
Average S&P/Moody Rating NR/NR
Average Final Maturity 0.00 yrs
Average Life 0.00 yrs
SECTOR ALLOCATION MATURITY DISTRIBUTION CREDIT QUALITY (S&P) Portfolio Summary
As of December 31, 2023
Successor Agency to the Brea RDA LAIF
Account #10166
PERFORMANCE REVIEW
Annualized
TOTAL RATE OF RETURN 1M 3M YTD 1YR 2YRS 3YRS 5YRS 10YRS Chandler Asset Management - CONFIDENTIAL Execution Time: 1/9/2024 10:10:56 AM
ATTACHMENT A
Holdings Report
As of December 31, 2023
Successor Agency to the Brea RDA LAIF
Account #10166
CUSIP Security Description Par Value/Units Purchase Date Book Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.
Gain/Loss
Moody/S&P
Fitch
Maturity
Duration
LAIF
90LAIF$00 Local Agency Investment Fund State
Pool
19,663.87 Various
3.95%
19,663.87
19,663.87
1.00 3.95%
19,663.87
189.02
100.00%
0.00 NR / NR
NR
0.00 0.00
Total LAIF 19,663.87 3.95%
19,663.87
19,663.87 3.95%
19,663.87
189.02
100.00%
0.00 NR / NR
NR
0.00 0.00
TOTAL PORTFOLIO 19,663.87 3.95%
19,663.87
19,663.87 3.95%
19,663.87
189.02
100.00%
0.00 NR / NR
NR
0.00 0.00
TOTAL MARKET VALUE PLUS ACCRUED 19,852.89
Chandler Asset Management - CONFIDENTIAL Execution Time: 1/9/2024 10:10:56 AM
ATTACHMENT A
Transaction Ledger - no data for this time period
Chandler Asset Management - CONFIDENTIAL Execution Time: 1/9/2024 10:10:56 AM
ATTACHMENT A
Income Earned
As of December 31, 2023
Successor Agency to the Brea RDA LAIF
Account #10166
CUSIP Security Description
Trade Date
Settle Date
Units
Book Value: Begin
Book Value: Acq
Book Value: Disp
Book Value: End
Prior Accrued
Inc. Received
Ending Accrued
Total Interest
Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
Total Income
LOCAL AGENCY INVESTMENT FUND
90LAIF$00 Local Agency Investment Fund
State Pool
Various
Various
19,663.87
19,663.87
0.00 0.00
19,663.87
123.74
0.00 189.02
65.28 0.00
0.00 0.00
65.28 65.28
Total Local Agency Investment Fund 19,663.87
19,663.87
0.00 0.00
19,663.87
123.74
0.00 189.02
65.28 0.00
0.00 0.00
65.28 65.28
TOTAL PORTFOLIO 19,663.87
19,663.87
0.00 0.00
19,663.87
123.74
0.00 189.02
65.28 0.00
0.00 0.00
65.28 65.28
Chandler Asset Management - CONFIDENTIAL Execution Time: 1/9/2024 10:10:56 AM
ATTACHMENT A
Cash Flow Report
As of November 30, 2023
Successor Agency to the Brea RDA LAIF
Account #10166
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 01/15/2024 Dividend 90LAIF$00 1,806,791.42 Local Agency Investment Fund State Pool 0.00 186.66 186.66 JAN 2024 0.00 186.66 186.66
TOTAL 0.00 186.66 186.66
Chandler Asset Management - CONFIDENTIAL Execution Time: 1/9/2024 10:10:56 AM
ATTACHMENT A
Important Disclosures Successor Agency to the Brea RDA LAIF Account #10166
Chandler Asset Management, Inc. ;͞Chandler͟Ϳis an SEC registered investment adviser. For additional information about our firm, please see our current disclosures (Form ADV). To obtain a copy of our current disclosures, you may contact your client service representative by calling the number on the front of this statement or you may visit our website at www.chandlerasset.com.
Information contained in this monthly statement is confidential and is provided for informational purposes only and should not be construed as specific investment or legal advice. The information contained herein was obtained from sources believed to be reliable as of the date of this statement, but may become outdated or superseded at any time without notice.
Custody: Your qualified custodian bank maintains control of all assets reflected in this statement and we urge you to compare this statement to the one you receive from your qualified custodian. Chandler does not have any authority to withdraw or deposit funds from/to the custodian account.
Valuation: Prices are provided by IDC, an independent pricing source. In the event IDC does not provide a price or if the price provided is not reflective of fair market value, Chandler will obtain pricing from an alternative approved third party pricing source in accordance with our written valuation policy and procedures. Our valuation procedures are also disclosed in Item 5 of our Form ADV Part 2A.
Performance: Performance results are presented gross-of-advisory fees and represent the client͛s Total Return. The deduction of advisory fees lowers performance results. These results include the reinvestment of dividends and other earnings. Past performance may not be indicative of future results. Therefore, clients should not assume that future performance of any specific investment or investment strategy will be profitable or equal to past performance levels. All investment strategies have the potential for profit or loss. Economic factors, market conditions or changes in investment strategies, contributions or withdrawals may materially alter the performance and results of your portfolio.
Source ice Data Indices, LLC ("ICE"), used with permission. ICE PERMITS USE OF THE ICE INDICES AND RELATED DATA ON AN "AS IS" BASIS; ICE, ITS AFFILIATES AND THEIR RESPECTIVE
THIRD PARTY SUPPLIERS DISCLAIM ANY AND ALL WARRANTIES AND REPRESENTATIONS, EXPRESS AND/OR IMPLIED, INCLUDING ANY WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE, INCLUDING THE INDICES, INDEX DATA AND ANY DATA INCLUDED IN, RELATED TO, OR DERIVED THEREFROM. NEITHER ICE DATA, ITS AFFILIATES OR
THEIR RESPECTIVE THIRD PARTY PROVIDERS GUARANTEE THE QUALITY, ADEQUACY, ACCURACY, TIMELINESS OR COMPLETENESS OF THE INDICES OR THE INDEX DATA OR ANY COMPONENT THEREOF, AND THE INDICES AND INDEX DATA AND ALL COMPONENTS THEREOF ARE PROVIDED ON AN "AS IS" BASIS AND LICENSEE'S USE IS AT LICENSEE'S OWN RISK. ICE DATA, ITS AFFILIATES AND THEIR RESPECTIVE THIRD PARTY DO NOT SPONSOR, ENDORSE, OR RECOMMEND CHANDLER, OR ANY OF ITS PRODUCTS OR SERVICES.
Index returns assume reinvestment of all distributions. Historical performance results for investment indexes generally do not reflect the deduction of transaction and/or custodial charges or the deduction of an investment management fee, the incurrence of which would have the effect of decreasing historical performance results. It is not possible to invest directly in an index.
Ratings: Ratings information have been provided by Moody͛s, S&P and Fitch through data feeds we believe to be reliable as of the date of this statement, however we cannot guarantee its accuracy.
Security level ratings for U.S. Agency issued mortgage-backed securities ;͞MBS͟Ϳreflect the issuer rating because the securities themselves are not rated. The issuing U.S. Agency guarantees the full and timely payment of both principal and interest and carries a AA+/Aaa/AAA by S&P, Moody͛s and Fitch respectively.
Chandler Asset Management - CONFIDENTIAL Execution Time: 1/9/2024 10:10:56 AM
ATTACHMENT A
City of Brea
City Council Regular Meeting Communication
Extended - Monthly Report of Investments for the Successor Agency to the Brea Redevelopment Agency for Period Ended December 31, 2023
TO
Honorable Mayor and City Council Members
FROM
Bill Gallardo, City Manager
Attachments
RECOMMENDATION
Receive and file.
BACKGROUND/DISCUSSION
The Monthly Report of Investments is prepared in accordance with Government Code Sections (GCS) 41004 and 53607 and contains information on the Successor Agency's investment activities for the month of December. Funds received by the Successor Agency are typically spent within three to six months and are therefore not invested long-term. The Successor Agency’s Local Agency Investment Fund (LAIF) is used for short-term investments and functions like a savings account until funds are required to meet expenditure needs.
Attachment A includes an Investment Information Summary and a Monthly Account Statement prepared by Chandler Asset Management (Chandler) for the funds invested on behalf of the Successor Agency. As of December 31, 2023, the market value, including accrued interest on the Successor Agency’s Local Agency Investment Fund (LAIF), was $19,853 in comparison to $19,787 at November 30, 2023. The Successor Agency to the Brea Redevelopment Agency has sufficient cash flow to meet its expected expenditures for the next six months.
The Successor Agency also has restricted (fiscal agent) investment accounts related to its various bond reserve accounts, which are managed by Chandler and held by the Agency's third-party custodian, The Bank of New York Mellon Trust Company, N.A. (BNY), as required. BNY acts as an agent of the Successor Agency and all securities are held in the name of the Successor Agency. Attachment A includes a portfolio report from Chandler for each bond reserve account that is invested. As of December 31, 2023, the market value of these funds, including short-term cash and accrued interest was $322,242 as compared to $320,908 as of November 30, 2023.
FISCAL IMPACT/SUMMARY
During the month of December, the total value of the Successor Agency’s investment portfolio increased by $66 and the total value of restricted investments increased by $1,334 due to market rate adjustments.
RESPECTFULLY SUBMITTED:
William Gallardo, City Manager
Prepared by: Faith Madrazo, Financial Services Manager, Revenue Concurrence: Kristin Griffith, Director of Administrative Services and Monica Lo, Deputy Director of Administrative Services
Attachment A.pdf
Successor Agency to the Brea Redevelopment Agency
Cash and Investment Information
Book Market
Value Value*
Demand and Interest-Bearing Checking Accounts Citizen's Bank $ 388,382.16 $ 388,382.16 Local Agency Investment Fund LAIF $ 19,663.87 $ 19,852.89 Fiscal Agent Cash & Investments
2004 Brea Public Financing Authority Lease Revenue Bond Chandler/BNY $ - $ - 2010 Brea Public Financing Authority Lease Revenue Bond Chandler/BNY $ - $ - 2013 Tax Allocation Bonds Chandler/BNY $ 200,613.13 $ 200,613.13 2016 Tax Allocation Refunding Bonds, Series A & B Chandler/BNY $ 38,398.52 $ 38,398.52 2017 Tax Allocation Refunding Bonds, Series A & B Chandler/BNY $ 83,230.02 $ 83,230.02 Sub-total - Fiscal Agent Cash & Investments $ 322,241.67 $ 322,241.67 Grand Total $ 730,287.70 $ 730,476.72
* Includes accrued interest on invested funds
December 31, 2023
ATTACHMENT A
Successor Agency to the Brea Redevelopment Agency
Cash and Investment Information
Fiscal Agent Cash & Investments Detail
2013 Tax Allocation Bonds - CHANDLER $ - $ -
Short-Term Treasury Funds - BNY $ 200,613.13 $ 200,613.13 Sub-total $ 200,613.13 $ 200,613.13
2016 Tax Allocation Refunding Bonds, Series A & B - CHANDLER $ - $ - Short-Term Treasury Funds - BNY $ 38,398.52 $ 38,398.52 Sub-total $ 38,398.52 $ 38,398.52
2017 Tax Allocation Refunding Bonds, Series A & B - CHANDLER $ - $ - Short-Term Treasury Funds - BNY $ 83,230.02 $ 83,230.02 Sub-total $ 83,230.02 $ 83,230.02
Report Grand Total $ 322,241.67 $ 322,241.67
December 31, 2023
Book
Value
Market
Value
ATTACHMENT A Page 2 of 9
MONTHLY ACCOUNT STATEMENT
Successor Agency to the Brea RDA LAIF - Account #10166
DECEMBER 1, 2023 THROUGH DECEMBER 31, 2023
Information contained herein is confidential. We urge you to compare this statement to the one you receive from your qualified custodian. Please see Important Disclosures.
CHANDLER ASSET MANAGEMENT
chandlerasset.com
Chandler Team:
For questions about your account, please call (800) 317-4747, or contact [email protected]
ATTACHMENT A
ACCOUNT SUMMARY
Beg. Values
as of 11/30/23
End Values
as of 12/31/23
Market Value 19,664 19,664
Accrued Interest 124 189
Total Market Value 19,788 19,853
Income Earned 62 65
Cont/WD 0
Par 19,664 19,664
Book Value 19,664 19,664
Cost Value 19,664 19,664
TOP ISSUERS
Local Agency Investment Fund 100.0%
Total 100.0%
PORTFOLIO CHARACTERISTICS
Average Modified Duration 0.00
Average Coupon 3.95%
Average Purchase YTM 3.95%
Average Market YTM 3.95%
Average S&P/Moody Rating NR/NR
Average Final Maturity 0.00 yrs
Average Life 0.00 yrs
SECTOR ALLOCATION MATURITY DISTRIBUTION CREDIT QUALITY (S&P) Portfolio Summary
As of December 31, 2023
Successor Agency to the Brea RDA LAIF
Account #10166
PERFORMANCE REVIEW
Annualized
TOTAL RATE OF RETURN 1M 3M YTD 1YR 2YRS 3YRS 5YRS 10YRS Chandler Asset Management - CONFIDENTIAL Execution Time: 1/9/2024 10:10:56 AM
ATTACHMENT A
Holdings Report
As of December 31, 2023
Successor Agency to the Brea RDA LAIF
Account #10166
CUSIP Security Description Par Value/Units Purchase Date Book Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.
Gain/Loss
Moody/S&P
Fitch
Maturity
Duration
LAIF
90LAIF$00 Local Agency Investment Fund State
Pool
19,663.87 Various
3.95%
19,663.87
19,663.87
1.00 3.95%
19,663.87
189.02
100.00%
0.00 NR / NR
NR
0.00 0.00
Total LAIF 19,663.87 3.95%
19,663.87
19,663.87 3.95%
19,663.87
189.02
100.00%
0.00 NR / NR
NR
0.00 0.00
TOTAL PORTFOLIO 19,663.87 3.95%
19,663.87
19,663.87 3.95%
19,663.87
189.02
100.00%
0.00 NR / NR
NR
0.00 0.00
TOTAL MARKET VALUE PLUS ACCRUED 19,852.89
Chandler Asset Management - CONFIDENTIAL Execution Time: 1/9/2024 10:10:56 AM
ATTACHMENT A
Transaction Ledger - no data for this time period
Chandler Asset Management - CONFIDENTIAL Execution Time: 1/9/2024 10:10:56 AM
ATTACHMENT A
Income Earned
As of December 31, 2023
Successor Agency to the Brea RDA LAIF
Account #10166
CUSIP Security Description
Trade Date
Settle Date
Units
Book Value: Begin
Book Value: Acq
Book Value: Disp
Book Value: End
Prior Accrued
Inc. Received
Ending Accrued
Total Interest
Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
Total Income
LOCAL AGENCY INVESTMENT FUND
90LAIF$00 Local Agency Investment Fund
State Pool
Various
Various
19,663.87
19,663.87
0.00 0.00
19,663.87
123.74
0.00 189.02
65.28 0.00
0.00 0.00
65.28 65.28
Total Local Agency Investment Fund 19,663.87
19,663.87
0.00 0.00
19,663.87
123.74
0.00 189.02
65.28 0.00
0.00 0.00
65.28 65.28
TOTAL PORTFOLIO 19,663.87
19,663.87
0.00 0.00
19,663.87
123.74
0.00 189.02
65.28 0.00
0.00 0.00
65.28 65.28
Chandler Asset Management - CONFIDENTIAL Execution Time: 1/9/2024 10:10:56 AM
ATTACHMENT A
Cash Flow Report
As of November 30, 2023
Successor Agency to the Brea RDA LAIF
Account #10166
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 01/15/2024 Dividend 90LAIF$00 1,806,791.42 Local Agency Investment Fund State Pool 0.00 186.66 186.66 JAN 2024 0.00 186.66 186.66
TOTAL 0.00 186.66 186.66
Chandler Asset Management - CONFIDENTIAL Execution Time: 1/9/2024 10:10:56 AM
ATTACHMENT A
Important Disclosures Successor Agency to the Brea RDA LAIF Account #10166
Chandler Asset Management, Inc. ;͞Chandler͟Ϳis an SEC registered investment adviser. For additional information about our firm, please see our current disclosures (Form ADV). To obtain a copy of our current disclosures, you may contact your client service representative by calling the number on the front of this statement or you may visit our website at www.chandlerasset.com.
Information contained in this monthly statement is confidential and is provided for informational purposes only and should not be construed as specific investment or legal advice. The information contained herein was obtained from sources believed to be reliable as of the date of this statement, but may become outdated or superseded at any time without notice.
Custody: Your qualified custodian bank maintains control of all assets reflected in this statement and we urge you to compare this statement to the one you receive from your qualified custodian. Chandler does not have any authority to withdraw or deposit funds from/to the custodian account.
Valuation: Prices are provided by IDC, an independent pricing source. In the event IDC does not provide a price or if the price provided is not reflective of fair market value, Chandler will obtain pricing from an alternative approved third party pricing source in accordance with our written valuation policy and procedures. Our valuation procedures are also disclosed in Item 5 of our Form ADV Part 2A.
Performance: Performance results are presented gross-of-advisory fees and represent the client͛s Total Return. The deduction of advisory fees lowers performance results. These results include the reinvestment of dividends and other earnings. Past performance may not be indicative of future results. Therefore, clients should not assume that future performance of any specific investment or investment strategy will be profitable or equal to past performance levels. All investment strategies have the potential for profit or loss. Economic factors, market conditions or changes in investment strategies, contributions or withdrawals may materially alter the performance and results of your portfolio.
Source ice Data Indices, LLC ("ICE"), used with permission. ICE PERMITS USE OF THE ICE INDICES AND RELATED DATA ON AN "AS IS" BASIS; ICE, ITS AFFILIATES AND THEIR RESPECTIVE
THIRD PARTY SUPPLIERS DISCLAIM ANY AND ALL WARRANTIES AND REPRESENTATIONS, EXPRESS AND/OR IMPLIED, INCLUDING ANY WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE, INCLUDING THE INDICES, INDEX DATA AND ANY DATA INCLUDED IN, RELATED TO, OR DERIVED THEREFROM. NEITHER ICE DATA, ITS AFFILIATES OR
THEIR RESPECTIVE THIRD PARTY PROVIDERS GUARANTEE THE QUALITY, ADEQUACY, ACCURACY, TIMELINESS OR COMPLETENESS OF THE INDICES OR THE INDEX DATA OR ANY COMPONENT THEREOF, AND THE INDICES AND INDEX DATA AND ALL COMPONENTS THEREOF ARE PROVIDED ON AN "AS IS" BASIS AND LICENSEE'S USE IS AT LICENSEE'S OWN RISK. ICE DATA, ITS AFFILIATES AND THEIR RESPECTIVE THIRD PARTY DO NOT SPONSOR, ENDORSE, OR RECOMMEND CHANDLER, OR ANY OF ITS PRODUCTS OR SERVICES.
Index returns assume reinvestment of all distributions. Historical performance results for investment indexes generally do not reflect the deduction of transaction and/or custodial charges or the deduction of an investment management fee, the incurrence of which would have the effect of decreasing historical performance results. It is not possible to invest directly in an index.
Ratings: Ratings information have been provided by Moody͛s, S&P and Fitch through data feeds we believe to be reliable as of the date of this statement, however we cannot guarantee its accuracy.
Security level ratings for U.S. Agency issued mortgage-backed securities ;͞MBS͟Ϳreflect the issuer rating because the securities themselves are not rated. The issuing U.S. Agency guarantees the full and timely payment of both principal and interest and carries a AA+/Aaa/AAA by S&P, Moody͛s and Fitch respectively.
Chandler Asset Management - CONFIDENTIAL Execution Time: 1/9/2024 10:10:56 AM
ATTACHMENT A
City of Brea
City Council Regular Meeting Communication
March 5, 2024 Regular City Council Meeting Minutes
FROM
Bill Gallardo, City Manager
RECOMMENDATION
BACKGROUND/DISCUSSION
COMMISSION/COMMITTEE RECOMMENDATION
FISCAL IMPACT/SUMMARY
RESPECTFULLY SUBMITTED:
City of Brea
City Council Regular Meeting Communication
Extended - Waive full reading and introduce Ordinance No. 1248, an Ordinance of the City Council of the City of Brea establishing procedures for setting sewer connection fees, and approving a CEQA exemption determination
TO
Honorable Mayor and City Council Members
FROM
Bill Gallardo, City Manager
Attachments
Brea-ordinance-sewer connection fees-2-23-24.pdf
RECOMMENDATION
Waive full reading and introduce Ordinance No. 1248 by title only, and approve a CEQA exemption determination.
BACKGROUND/DISCUSSION
The City of Brea currently charges a Sewer Connection Fee for all new connections to the City's sewer system. This fee is charged when a new building is being constructed and payment is required prior to connection. The connection fee is based on the number and type of fixtures being installed (i.e. sinks, toilets, faucets, etc.). The fixture type fee ranges from $5-$90 and the revenue generated by this fee is used for repairs and maintenance of the City's sewer system. The current fees have not been adjusted since their adoption in 1975.
At the February 6, 2024 Study Session, staff reviewed these connection fees with City Council. It was clarified that staff was recommending to repeal the ordinance and these same Sewer Connection Fees should be established by resolution.
Utilizing a resolution to establish the connection fee will allow future adjustments of these fees to be processed more efficiently. City Council instructed staff to move forward with the repeal process and begin the required Public Hearing notifications for an adjustment to Sewer Connection Fees as well as for the Fire, Dispatch, Water, and Sewer Impact Fees.
The second reading of this Ordinance will be held until the established sewer connections fees by resolution are determined. The change to the ordinance will take place 30 days after the second reading. It is the intent that the newly adopted fees by resolution will take effect immediately after the repeal is finalized to avoid any loss in revenue.
FISCAL IMPACT/SUMMARY
There is no General Fund Impact (110). Sewer Connection Fees are accounted for in the Sewer Utility Fund (430). Over the past three (3) fiscal years, the City has received an average of $10,250 annually in sewer connection fees. All future Sewer Connection Fees will be adopted by resolution and any adjustment to the fee will determine the impact of revenue collected.
RESPECTFULLY SUBMITTED:
William Gallardo, City Manager
Prepared by: Faith Madrazo, Financial Services Manager - Revenue Concurrence: Kristin Griffith, Director of Administrative Services and Monica Lo, Deputy Director of Administrative Services
ORDINANCE NO. ________
AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF BREA
ESTABLISHING PROCEDURES FOR SETTING SEWER CONNECTION
FEES, AND APPROVING A CEQA EXEMPTION DETERMINATION
The City Council of the City of Brea hereby ordains as follows:
Section 1. Section 13.00.430 of Chapter 13.00 of Title 13 of the Brea City Code is hereby repealed provided, however, that such repeal shall not affect or excuse non-payment of any sewer connection fee accruing prior to the effective date of this Ordinance.
Section 2. A new Section 13.00.430 is hereby added to Chapter 13.00 of Title 13 of the Brea City Code to read as follows:
Ҥ 13.00.430 SEWER CONNECTION FEES.
Sewer connection fees shall be in such amounts as established by resolution of the City Council.
Sewer connection fees shall be charged and paid as provided in Chapter 13.00 of this Code.” Section 3. CEQA. The City Council finds that it can be seen with certainty that there is no possibility the adoption of this Ordinance may have a significant effect on the environment because the adoption of this Ordinance will provide for the continued establishment, adjustment and collection of fees for property owners to connect to the City’s sewer system. It is therefore exempt from California Environmental Quality Act review pursuant to Title 14, Section 15061(b)(3), of the California Code of Regulations.
Section 4. Severability. If any section, subsection, sentence, clause, or phrase of this Ordinance is for any reason held to be invalid or unconstitutional by a decision of any court of any competent jurisdiction, such decision shall not affect the validity of the remaining portions of this Ordinance. The City Council hereby declares that it would have passed this Ordinance, and each and every section, subsection, sentence, clause, or phrase not declared invalid or unconstitutional without regard to whether any portion of the Ordinance would be subsequently declared invalid or unconstitutional.
Section 5. The City Clerk shall certify to the adoption of this Ordinance.
PASSED AND ADOPTED this __________ day of ______________, 2024. ___________________________
Mayor
I, Lillian Harris-Neal, City Clerk of the City of Brea, do hereby certify that the foregoing Ordinance was introduced at a regular meeting of the City Council of the City of Brea, held on the __________day of _______________, 2024, and was finally passed at a regular meeting of the City Council of the City of Brea on the _______ day of _____________, 2024, by the following vote:
AYES: COUNCIL MEMBERS:
NOES: COUNCIL MEMBERS:
ABSENT: COUNCIL MEMBERS:
ABSTAINED: COUNCIL MEMBERS:
ATTEST: ______________________________
City Clerk of the City of Brea
City of Brea
Planning Commission Communication
Reorginazation of the Planning Commission
FROM
Joanne Hwang, City Planner
EXECUTIVE SUMMARY
RECOMMENDATION
BACKGROUND
PROJECT DESCRIPTION
DISCUSSION
PUBLIC NOTICE AND COMMENTS
ENVIRONMENTAL ASSESSMENT
CONCLUSION
RESPECTFULLY SUBMITTED:
Joanne Hwang, AICP, City Planner
Prepared by: