Agenda, second session — Campbell City Council, July 1, 2025 (part 1 of 3)

City Council Agenda
City of Campbell, 70 N. First St., Campbell, California NOTE: This City Council Regula r meeting will be conducted i n person as well as telecommunication and is compliant wit h provisions of the Brown Act.

The City Council meeting will be live-streamed on Channel 26 (Xfinity) or Channel 88 (Direct TV), the City's website and on YouTube https://www.youtube.com/user/CityofCampbell for those who only wish to view the meeting.

Those members of the public wishing to provide public comment virtually are asked to register in advance at: https://www.campbellca.gov/signup. After registering, you will receive a confirmation email containing information about joining the meeting. Members of the public may attend the meeting in person at Campbell City Hall - Council Chambers.

Public comment will also be accepted via email at [email protected] until 12:00p.m. prior to the start of the meeting. Written comments will be posted on the website and distributed to the Council. If you choose to email your comments, please indicate in the subject line “FOR PUBLIC COMMENT” and indicate the item number.

REGULAR MEETING OF THE CAMPBELL CITY COUNCIL
Tuesday, July 1, 2025 7:00 p.m.

City Hall Council Chamber – 70 N. First Street

CALL TO ORDER

ROLL CALL

PLEDGE OF ALLEGIANCE

SPECIAL PRESENTATIONS AND PROCLAMATIONS
NOTE: Items listed under Special Presentations and Proclamations are considered ceremonial.

The City Council will not take action on these matters.

1. Proclamation Declaring July 2025 as Park and Recreation Month Recommended Action: Issue a proclamation declaring the month of July 2025 as National Parks and Recreation Month for the City of Campbell.

COMMUNICATIONS AND PETITIONS

ORAL REQUESTS
NOTE: This portion of the meeting is reserved for persons wishing to address the City Council on any matter not on the agenda. Persons wishing to address the Council are requested, but not required to complete a Speaker’s Card. Speakers are limited to two (2) minutes. The law generally prohibits the Council from discussion or taking action on such items. However, the Council may instruct staff accordingly regarding Oral Requests.

COUNCIL ANNOUNCEMENTS

CONSENT CALENDAR
NOTE: All matters listed under consent calendar are considered by the City Council to be routine and will be enacted by one motion. There will be no separate discussion of these items unless a request is made by a member of City Council, City staff, or a member of the public.

Any person wishing to speak on any item on the consent calendar should ask to have the item removed from the consent calendar prior to the time the Council votes to approve. If removed, the item will be discussed in the order in which it appears.

2. Minutes of City Council Executive Session Meeting of June 17, 2025 Recommended Action: Approve the Executive Session meeting minutes of June 17, 2025.

3. Minutes of City Council Regular Meeting of June 17, 2025 Recommended Action: Approve the regular meeting minutes of June 17, 2025.

4. Approving Bills and Claims
Recommended Action: Approve the bills and claims in the amount of $2,927,062.56.

5. Monthly Investment Transactions Report (May 2025)
Recommended Action: That the City Council review and accept the Monthly Investment Transactions Report for May 2025.

6. Monthly Treasurer's Report (May 2025)
Recommended Action: That the City Council review and accept the Monthly Treasurer’s Report for the month ended May 31, 2025.

7. Adopt the Fiscal Year 2026 Classification and Salary Schedule (Resolution/Roll Call Vote)
Recommended Action: Adopt a resolution adopting the classification and salary schedule for Fiscal Year 2025-2026.

8. Approval to Grant a Utility Distribution Easement to PG&E Within Lot 12 as Shown on a Certain Map Entitled “Map of Campbells Western Add’n to the Town of Campbell,” Filed for Record on May 18Th, 1894, in Book H of Maps at Page 69 to Serve the Measure O – Police Operations Building Project (CIP No. 23-RR), (Resolution/Roll Call Vote)
Recommended Action: That the City Council adopt a resolution to grant a utility distribution easement to PG&E within Lot 12 as shown on a certain Map Entitled “Map of Campbell's Western Add’n to the Town of Campbell,” filed for record on May 18th, 1894, in Book H of Maps at Page 69 to serve the Measure O - Police Operations Building Project (CIP No. 23-RR).

PUBLIC HEARINGS AND INTRODUCTION OF ORDINANCES
NOTE: Members of the public may be allotted up to two (2) minutes to comment on any public hearing item. Applicants/Appellants and their representatives may be allotted up to a total of five (5) minutes for opening statements and up to a total of three (3) minutes maximum for closing statements. Items requested/recommended for continuance are subject to Council’s consent at the meeting.

9. Lighting and Landscaping District LLA -1, Fiscal Year 2025 -26 - Confirming Assessments (Resolution/Roll Call Vote)
Recommended Action: That the City Council adopt a resolution overruling protests, if any, approving the Engineer's Report, ordering the improvements, and confirming the diagram and assessments.

10. Public Hearing to Consider an Interim Ordinance Adopting Urgency Measures to Implement Senate Bill No. 1123 (2024), Regarding Ministerial Approval of Small -Scale Housing Subdivisions ( File No. PLN -2025-62) (Ordinance / Roll Call Vote)
Recommended Action: It is recommended that City Council adopt an Interim Ordinance to implement Senate Bill No. 1123.

11. Public Hearing to Consider the Adoption of an Interim Ordinance Amending Chapter 21.34 – Wireless Communication Facilities to Establish Urgency Measures in Response to Changes in Federal Law. (Ordinance/Roll Call Vote)
Recommended Action: That the City Council take the following action: Adopt an Interim Ordinance, amending Chapter 21.34 - Wireless Communications Facilities to establish urgency measures in response to changes in Federal Law.

NEW BUSINESS

12. Axon Ten Year Technology Contract (Resolution/Roll Call Vote) Recommended Action: That the City Council adopt a Resolution approving a ten year contract with Axon, authorizing the City Manager to sign the contract, dispensing with bidding requirements as specified in Campbell Municipal Code Section 3.20.030(7), and approving associated budget adjustments.

13. Approval of Purchase Agreement with Sorinex Exercise Equipment, Inc., in the Amount of $163,000 for the Procurement of Exercise Equipment as Programmed in the CIP for the Measure O – Police FF&E Project (CIP No. 22-JJ), (Resolution/Roll Call Vote)
Recommended Action: That the City Council adopt a resolution authorizing: 1) City Council approval of a purchase agreement with Sorinex Exercise Equipment, Inc., in the amount of $163,000, for the procurement of Furniture, Fixtures, and Equipment (FF&E) specifically exercise equipment as programmed in the CIP for the Measure O - Police FF&E project (CIP No. 22-JJ); 2) staff to

dispense with the City’s formal bidding procedures as specified in the exemption of Campbell Municipal Code (CMC) Section 3.20.030, subsections (6) which authorizes the City’s procurement of these services through its membership with multiple purchasing cooperatives and their contract with Sorinex Exercise Equipment, Inc.; 3) the City Manager to execute the said purchase agreement as specified in Campbell Municipal Code Section 3.20.100.

14. Resolution Authorizing an Ad Valorem Tax Levy Based on a Debt Service Estimate to be Provided to Santa Clara County Regarding General Obligation Bonds for Fiscal Year 2025-26 (Resolution/Roll Call Vote)

Recommended Action: That the City Council adopt a resolution authorizing an ad valorem tax levy based on a debt service estimate to be provided to Santa Clara County regarding general obligation bonds for Fiscal Year 2025-26.

UNFINISHED BUSINESS

COUNCIL COMMITTEE REPORTS

15. Council Committee Reports
Recommended Action: That the City Council report on activities from their committee assignments.

ADJOURN
IMPORTANT NOTICE: Materials related to an item on this agenda submitted to the City Council after distribution of the agenda packet are available for public inspection with the agenda packet in the lobby of City Clerk’s Office, 70 N. First Street, Campbell, CA 95008, during normal business hours. These materials will also be available on the City website at https://www.ci.campbell.ca.us/agendacenter with the agenda packet following the last item of the agenda, subject to staff’s ability to post the documents prior to the meeting. All documents not posted prior to the meeting will be posted the next business day.

In compliance with the Americans with Disabilities Act, listening assistive devices are available for all meetings held in the City Council Chambers. If you require accommodation, please contact the City Clerk’s Office, (408) 866-2117, at least one week in advance of the meeting.

City
Council
Report
TITLE: Proclamation Declaring July 2025 as Park and Recreation Month

RECOMMENDED ACTION
Issue a proclamation declaring the month of July 2025 as National Parks and Recreation Month for the City of Campbell.

BACKGROUND
Since 1985, the U.S. House of Representatives has designated the month of July as National Park and Recreation Month . In honor of that designation and in recognition of the National Recreation and Park Association’s (NRPA) efforts to raise awareness to the importance of Parks and Recreation programs, staff requests that the City Council designate July 2025 as Parks and Recreation Month in the City of Campbell.

DISCUSSION
Parks and recreation services are a cornerstone of healthy, engaged, and resilient communities. In Campbell, the Recreation and Community Services Department provides a wide range of programs and facilities that benefit residents of all ages, abilities, and backgrounds. From youth enrichment and senior services to sports leagues, fitness classes, and cultural events, these offerings foster well -being, connection, and lifelong learning.

Designating July as Park and Recreation Month aligns with the City’s commitment to providing inclusive and equitable access to recreation opportunities. Studies consistently show that time spent in parks can improve physical health, enhance mental wellness, reduce stress, and boost overall life satisfaction. Parks also serve as essential green infrastructure that supports environmental sustainability, improves air and water quality, and offers refuge from extreme weather and urban heat.

Furthermore, parks support Campbell’s economic and social vitality. They increase property values, attract tourism, reduce crime, and offer venues for public gatherings, and performances. During emergencies, parks and recreation staff are often called upon to serve in essential response roles, providing safe public spaces and facilitating recovery efforts.

Item: 1
Category: SPECIAL PRESENTATIONS

AND PROCLAMATIONS
Meeting Date: July 1, 2025
1 Packet Pg. 5
Proclamation Declaring July 2025 as Parks and Recreation Month Page 2 of 2 By declaring July 2025 as Park and Recreation Month, the City of Campbell will join cities across the country in celebrating the positive impact of parks on public health, co
mmunity cohesion, and environmental stewardship.

FISCAL IMPACT
There is no fiscal impact associated with issuing this proclamation.

Prepared by:

Natasha Bissell, Recreation and
Community Services Director
Approved by:

Brian Loventhal, City Manager
Attachment:
a. PRM_Proclamation_2025
1 Packet Pg. 6

PROCLAMATION
OF THE

MAYOR OF THE CITY OF CAMPBELL
WHEREAS, since 1985, the U.S. House of Representatives has designated the month of July as National Parks and Recreation Month, recognizing the vital role that parks and recreation play in the health and well-being of communities across the nation; and WHEREAS, the National Recreation and Park Association (NRPA) continues to lead efforts to raise public awareness about the benefits of parks and recreation programs and services; and
WHEREAS, parks and recreation services are a cornerstone of healthy, engaged, and resilient communities, offering programs and facilities that benefit residents of all ages, abilities, and backgrounds; and
WHEREAS, in the City of Campbell ’s Recreation and Community Services Department provides enriching opportunities such as youth programming, senior services, sports leagues, fitness classes, and cultural events that foster personal growth, social connection, and lifelong learning; and
WHEREAS, access to parks and recreational opportunities is linked to improved physical health, enhanced mental wellness, reduced stress, and increased overall quality of life; and
WHEREAS, parks serve as essential green infrastructure, contributing to environmental sustainability by improving air and water quality, providing wildlife habitat, and offering natural spaces that mitigate the effects of climate change and urban heat; and WHEREAS, parks and recreation support the City’s economic and social vitality by increasing property values, attracting tourism, reducing crime, and serving as venues for public gatherings, performances, and civic engagement; and WHEREAS, during emergencies and times of crisis, parks and recreation staff play vital roles in public safety, community recovery, and the delivery of essential services; and WHEREAS, the City of Campbell wishes to recognize and support the continued contributions of its parks and recreation professionals and facilities to the community’s quality of life.

NOW THEREFORE, I, Sergio Lopez, Mayor of the City of Campbell, do hereby proclaim the month of July 2025, as Parks and Recreation Month within the City of Campbell, calling upon all residents and civic organizations to acquaint themselves with the programs and services offered through the Recreation and Community Se rvices Department, visit our local parks and recognize the contributions that the Recreation and Community Services employees make to our community every day.

1.a
Packet Pg. 7
Attachment: PRM_Proclamation_2025 (Proclamation Declaring July 2025 as Parks and Recreation Month) WITNESS MY HAND AND SEAL OF THE CITY OF CAMPBELL this ___ day of July 2025.
___________________
Sergio Lopez, Mayor
City of Campbell, California

1.a
Packet Pg. 8
Attachment: PRM_Proclamation_2025 (Proclamation Declaring July 2025 as Parks and Recreation Month)

CITY COUNCIL MINUTES
City of Campbell, 70 N. First St., Campbell, California

CITY COUNCIL EXECUTIVE SESSION
Tuesday, June 17, 2025 - 5:30 p.m.

Ralph Doetsch Conference Room - 70 N. First Street

CALL TO ORDER
The City Council of the City of Campbell convened this day in the special meeting place, the Doetsch Conference Room, 70 N. First Street, Campbell, California.

ROLL CALL
Attendee Name Title Status
Anne Bybee Councilmember Present
Terry Hines Councilmember Present
Elliot Scozzola Councilmember Present
Dan Furtado Vice Mayor Present
Sergio Lopez Mayor Present

PUBLIC COMMENT
There was no public comment.

MOVE INTO CLOSED EXECUTIVE SESSION
A. Personnel – Pursuant to G.C. Section 54957: Public Employee Performance Evaluation – City Clerk
Pursuant to G.C. Section 54957: Public Employee Performance Evaluation – City Attorney
B. Litigation
C. Real Property
D. Labor Negotiations – Pursuant to G.C. Section 54957.6: Conference with Labor Negotiator - Agency Designated Representatives: City Council and City Clerk Performance/Compensation Subcommittee Members: Sergio Lopez and Dan Furtado
Unrepresented Employee: City Clerk
2 Packet Pg. 9
Minutes Acceptance: Minutes of Jun 17, 2025 5:30 PM (CONSENT CALENDAR)

Minutes of June 17, 2025 City Council Meeting Page 2
Pursuant to G.C. Section 54957.6: Conference with Labor Negotiator - Agency Designated Representatives: City Council and City Clerk Performance/Compensation Subcommittee Members: Sergio Lopez and Dan Furtado
Unrepresented Employee: City Attorney

The City Council met in Executive Session to discuss Items A and D. City Attorney Seligmann and City Clerk Sanders were in attendance separately for all items.

ADJOURN
Mayor Lopez adjourned the meeting at 6:55 PM.

APPROVED:

ATTEST:

Sergio Lopez, Mayor

Andrea Sanders, City Clerk

2 Packet Pg. 10
Minutes Acceptance: Minutes of Jun 17, 2025 5:30 PM (CONSENT CALENDAR)

CITY COUNCIL MINUTES
City of Campbell, 70 N. First St., Campbell, California

REGULAR MEETING OF THE CAMPBELL CITY COUNCIL
Tuesday, June 17, 2025 7:00 p.m.

City Hall Council Chamber – 70 N. First Street
This City Council meeting was duly noticed pursuant to open meeting requirements of the Ralph M. Brown Act (G.C. Section 54956).

This meeting was recorded and can be viewed in its entirety at www.campbellca.com/agendacenter.

CALL TO ORDER
The City Council of the City of Campbell convened this day in the regular meeting place, the City Hall Council Chamber, 70 N. First St., Campbell, California.

ROLL CALL
Attendee Name Title Status
Anne Bybee Councilmember Present
Terry Hines Councilmember Present
Elliot Scozzola Councilmember Present
Dan Furtado Vice Mayor Present
Sergio Lopez Mayor Present

PLEDGE OF ALLEGIANCE
The Pledge of Allegiance was led by Parks Supervisor Bob Siudzinski in recognition of his retirement with the Campbell Public Works Maintenance Division.

Mayor Lopez presented a Certificate of Appreciation for leading the Pledge of Allegiance.

SPECIAL PRESENTATIONS AND PROCLAMATIONS
There were no special presentations and proclamations.

COMMUNICATIONS AND PETITIONS
There were no communications and petitions.

Mayor Lopez reported out on the June 17, 2025 Executive Session actions, stating that the City Council approved a 4% increase in City Attorney compensation retroactive to July 1, 2025 pending the outcome of the Measure K Litigation, the implementation of 3 Packet Pg. 11
Minutes Acceptance: Minutes of Jun 17, 2025 7:00 PM (CONSENT CALENDAR)

Minutes of June 17, 2025 City Council Meeting Page 2
which to be reevaluated by December 31, 2025 if the Measure K Litigation is still pending.

ORAL REQUESTS

David Van Dyke, Campbell resident, stated safety and security concerns with Bristol Hotel Conversion Project in San Jose.

COUNCIL ANNOUNCEMENTS
Are you interested in getting more involved in the Campbell community? The City Clerk’s Office is currently accepting applications for commissioners to serve on the Historic Preservation Board, Civic Improvement Commission, and Planning Commission. This is an exciting opportunity to contribute to important decisions that impact our community. If you’re interested in serving, contact the City Clerk’s Office at [email protected] or 408-866-2117 for additional information. Applications close at 5:00pm on Friday, July 18, 2025 , so don’t miss your chance to make a difference!
The Campbell Police Department will be taking part in the annual Law Enforcement Torch Run on Friday, June 27 at 10:00 am. Each year, hundreds of law enforcement personnel participate to bring awareness and raise funds for the Special Olympics.

Keep a look out on social media for additional information about this event.

City offices will be closed for business on Friday, July 4 in observance of Independence Day. Police and emergency services will remain open.

The City of Campbell’s summer concert series is back. Admission is free and concerts start at 6:30pm on the Orchard City Green. Bring a lawn chair and enjoy the Smokin Slice of Mojo on Thursday, July 10 and Chain of Fools the following Thursday, July 17.

For a complete listing of upcoming bands, and additional information about the concert, please visit the City’s website at campbellca.gov.

CONSENT CALENDAR

Mayor Lopez asked if anyone wished to remove an item from the Consent Calendar.

Item five was pulled from Consent.

The Consent Calendar was considered as follows:

1. Minutes of City Council Executive Session Meeting of June 3, 2025 Recommended Action: Approve the executive session meeting minutes of June 3, 2025.

This action approves the executive session meeting minutes of June 3, 2025. 3 Packet Pg. 12
Minutes Acceptance: Minutes of Jun 17, 2025 7:00 PM (CONSENT CALENDAR)

Minutes of June 17, 2025 City Council Meeting Page 3

2. Minutes of City Council Regular Meeting of June 3, 2025 Recommended Action: Approve the regular meeting minutes of June 3, 2025.

This action approves the regular meeting minutes of June 3, 2025.

3. Approving Bills and Claims
Recommended Action: Approve the bills and claims in the amount of $1,600,659.88.

This action approves the bills and claims in the amount of $1,600,659.88 as follows: bills and claims checks dated May 19, 2025, in the amount of $201,937.38; payroll checks dated May 22, 2025, in the amount of $35,718.42; and bills and claims checks dated May 19, 2025, in the amount of $1,363,004.08.

4. Proposed Modifications to Council Policy, Section 13, Theatre Use Policy (Resolution/Roll Call Vote)
Recommended Action: That the City Council adopt a resolution approving the proposed modifications to Council Policy, Section 13, Theatre Use Policy to be effective June 18, 2025.

Resolution 13303 approves the proposed modifications to Council Policy, Section 13, Theatre Use Policy to be effective June 18, 2025.

M/S: Scozzola/Bybee – That the City Council approve the Consent Calendar with the exception of Item five. The motion was adopted by the following roll call vote:

RESULT: ADOPTED [UNANIMOUS]
MOVER: Scozzola
SECONDER: Bybee
AYES: Bybee, Hines, Scozzola, Furtado, Lopez

ITEMS CONSIDERED SEPARATE FROM CONSENT

5. Resolution Commending Robert Bob Siudzinski for 35 Years of Service to the City of Campbell (Resolution/Roll Call Vote)
Recommended Action: It is recommended that the City Council adopt a resolution commending Robert (Bob) Siudzinski for his 35 years of outstanding service to the City of Campbell.

Mayor Lopez spoke of Bob Siudzinski’s dedication and his commitment to preserving and enhancing Campbell’s parks and green spaces.

Public Works Superintendent Ron Taormina thanked Mr. Siudzinski for leadership and expertise over the years. Bob was instrumental in many of the City’s volunteer events such as Arbor Day and Keep America Beautiful.

3 Packet Pg. 13
Minutes Acceptance: Minutes of Jun 17, 2025 7:00 PM (CONSENT CALENDAR)

Minutes of June 17, 2025 City Council Meeting Page 4
Mayor Lopez asked if anyone from the public had comments. There were no public comments.

Mr. Siudinzki thanked the City Council for the recognition. He said that the long term integrity shown by the Council became a driving force to be the best that he can be. He stated he was grateful to be able to spend so many years in this City.

The City Council each thanked Mr. Siudinzki for his many years of outstanding service to the Department, the City and the community. They wished him well in her retirement.

M/S: Furtado/Bybee – That the City Council adopt resolution 13304 commending Robert (Bob) Siudzinski for his 35 years of outstanding service to the City of Campbell. The motion was adopted by the following roll call vote:

RESULT: ADOPTED [UNANIMOUS]
MOVER: Furtado
SECONDER: Scozzola
AYES: Bybee, Hines, Scozzola, Furtado, Lopez

PUBLIC HEARINGS AND INTRODUCTION OF ORDINANCES

6. Adoption of Fiscal Year (FY) 2026 Operating Budget and 2026 - 2030 Five- Year Capital Improvement Plan (CIP) and Establishment of the Appropriations Limit for FY 2026 (Resolutions/Roll Call Vote) Recommended Action: That the City Council, by Resolution, adopt the Fiscal Year (FY) 2026 City Operating and Capital budgets, including transfers, in the amounts of $90,195,234 and $16,548,490, for a combined total budget of $106,743,724; and adopt a Resolution adopting findings that the proposed FY 2026-2030 Capital Improvement Plan (CIP) projects are categorically exempt under the California Environmental Quality Act (CEQA) and are consistent with the City’s General Plan; approving the five -year Capital Improvement Plan with projects totaling $102,762,970; including new capital projects of $17,594,000 and $9,295,031 as the amount necessary to meet the capital requirements of the City in FY 2026; directing staff to incorporate within the final adopted and published FY 2026 budget document any changes or adjustments pursuant to this public hearing and any other minor corrections prior to the budget’s final publication; and adopt a Resolution establishing the Appropriations Limit for FY 2026 at $99,596,588 pursuant to Article XIIIB of the California State Constitution.

Now is the time and place for a public hearing to consider adoption of Fiscal Year 2026 Operating Budget and 2026 -2030 Five Year Capital Improvement Plan (CIP) and Establishment of the Appropriations limits for FY 2026.

City Manager Loventhal presented a staff report dated June 17, 2025.

Following City Council questions, Mayor Lopez opened the public hearing and asked if anyone wished to speak.
3 Packet Pg. 14
Minutes Acceptance: Minutes of Jun 17, 2025 7:00 PM (CONSENT CALENDAR)

Minutes of June 17, 2025 City Council Meeting Page 5

Georgia Bacil, Sala representative, thanked the City Council for supporting a recommendation of funding from the Social Services Subgrants program to support the Senior Adults Legal Assistance program, which provides senior services at the Campbell Adult Center.

Seeing no one wishing to speak, Mayor Lopez closed the public hearing.

The City Council provided general comments on the staff report presentation and thanked the Budget Team, Executive Team, and employees for their efforts and cooperation.

After discussion, M/S: Hines/Bybee – That the City Council adopt Resolution 13305 adopting the Fiscal Year (FY) 2026 City Operating and Capital budgets, including transfers, in the amounts of $90,195,234 and $16,548,490, for a combined total budget of $106,743,724; and adopt Resolution 13306 adopting findings that the proposed FY 2026 -2030 Capital Improvement Plan (CIP) projects are categorically exempt under the California Environmental Quality Act (CEQA) and are consistent with the City’s General Plan; approving the five -year Capital Improvement Plan with projects totaling $102,762,970; including new capital projects of $17,594,000 and $9,295,031 as the amount necessary to meet the capital requirements of the City in FY 2026; directing staff to incorporate within the final adopted and published FY 2026 budget document any changes or adjustments pursuant to this public hearing and any other minor corrections prior to the budget’s final publication; and adopt Resolution 13307 establishing the Appropriations Limit for FY 2026 at $99,596,588 pursuant to Article XIIIB of the California State Constitution. The motion was adopted by the following roll call vote:

RESULT: ADOPTED [UNANIMOUS]
MOVER: Hines
SECONDER: Bybee
AYES: Bybee, Hines, Scozzola, Furtado, Lopez

NEW BUSINESS

7. Approve and Award a Consultant Services Agreement with Housing Group LLC (Dba HousingINC) for the Administration of the Below Market Rate Housing Program (Resolution/Roll Call Vote)
Recommended Action: Staff recommends that the City Council adopt a Resolution approving and awarding a Consultant Services Agreement and authorizing the City Manager to execute the agreement with Housing Group LLC (dba HousingINC) for the administration of the city’s Below Market Rate housing program.

Housing Program Manager Murillo -Garcia presented a staff report dated June 17, 2025.
3 Packet Pg. 15
Minutes Acceptance: Minutes of Jun 17, 2025 7:00 PM (CONSENT CALENDAR)

Minutes of June 17, 2025 City Council Meeting Page 6

Councilmember Hines asked HousingINC representatives what the first 120 days would include.

HousingINC representatives Teresa Martinez Gonzales and Robyn van Ekelenburg noted their first steps would be to develop their workplan with a Communication Plan as a key component and a series of Kickoff Meetings.

Mayor Lopez asked if anyone from the public wished to speak.

Julius Nyanda, HouseKeys CEO expressed his deep gratitude to the City for the partnership to provide housing services to Campbell residents over the years and in an effort to continue to support the City’s residents offered the housing platform at no cost for at least a year to maintain continuity.

Councilmembers expressed their appreciation to Mr. Nyanda and HouseKeys for the work they have done with the City to serve the community over the years.

After discussion, M/S: Hines/Scozzola – That the City Council adopt Resolution 13308 approving and awarding a Consultant Services Agreement and authorizing the City Manager to execute the agreement with Housing Group LLC (dba HousingINC) for the administration of the city’s Below Market Rate housing program. The motion was adopted by the following roll call vote:

RESULT: ADOPTED [UNANIMOUS]
MOVER: Hines
SECONDER: Scozzola
AYES: Bybee, Hines, Scozzola, Furtado, Lopez

8. Approval of Side Letter Agreements & Amended Resolutions (Labor) (Resolutions/Roll Call Vote)
Recommended Action: Adoption of resolutions (1) approving Side Letter Agreements extending current Memoranda of Understanding with Campbell Municipal Employees Association (CMEA), Campbell Police Civilian Employee Association (CPCEA), and the Northern California Carpenters Regional Council, the Carpenters 46 Northern California Counties Conference Board and their Affiliated Local Unions (CARP); and, (2) amending resolutions with Classified Management, Unclassified Management and Confidential employee groups.

Assistant City Manager Gaeta presented a staff report dated June 17, 2025.

Following City Council questions Mayor Lopez asked if anyone from the public wished to speak. There were no public comments.

3 Packet Pg. 16
Minutes Acceptance: Minutes of Jun 17, 2025 7:00 PM (CONSENT CALENDAR)

Minutes of June 17, 2025 City Council Meeting Page 7
Councilmembers thanked everyone involved in the process, expressing appreciation to the Labor Groups and staff for coming together and striving to build positive relationships.

After discussion, M/S: Hines/Bybee – That the City Council adopt Resolution 13309 approving Side Letter Agreements extending current Memoranda of Understanding with Campbell Municipal Employees Association (CMEA); Resolution 13310 approving Side Letter Agreements extending current Memoranda of Understanding with Campbell Police Civilian Employee Association (CPCEA), Resolution 13311 approving Side Letter Agreements extending current Memoranda of Understanding with the Northern California Carpenters Regional Council, the Carpenters 46 Northern California Counties Conference Board and their Affiliated Local Unions (CARP); Resolution 13312 amending resolutions with Classified Management employee group; Resolution 13313 amending resolutions for Unclassified Management employee group; and Resolution 13314 amending resolutions for Confidential employee groups. The motion was adopted by the following roll call vote:

RESULT: ADOPTED [UNANIMOUS]
MOVER: Hines
SECONDER: Bybee
AYES: Bybee, Hines, Scozzola, Furtado, Lopez

9. Review of Revised Mission Statement
Recommended Action: That the City Council review, provide feedback, and consider approval of the draft revised City of Campbell Mission Statement.

City Manager Loventhal presented a staff report dated June 17, 2025.

Following City Council questions, Mayor Lopez asked if anyone from the public wished to speak. There were no public speakers.

The City Council made supportive comments on the proposed Mission Statement. They urged staff to continue their efforts and relay this information to the Boards & Commission members and staff.

After discussion, M/S: Furtado/Scozzola – That the City Council adopt the revised Mission Statement for the City. The motion was adopted by the following roll call vote:

RESULT: ADOPTED [UNANIMOUS]
MOVER: Furtado
SECONDER: Scozzola
AYES: Bybee, Hines, Scozzola, Furtado, Lopez

UNFINISHED BUSINESS
3 Packet Pg. 17
Minutes Acceptance: Minutes of Jun 17, 2025 7:00 PM (CONSENT CALENDAR)

Minutes of June 17, 2025 City Council Meeting Page 8
There was no unfinished business.

COUNCIL COMMITTEE REPORTS

10. Council Committee Reports
Recommended Action: That the City Council report on activities from their committee assignments.

Councilmember Scozzola attended the Silicon Valley Clean Energy Board of Directors Meeting; the Valley Transportation Authority Policy Advisory Committee; and the DCBA Car Show.

Councilmember Bybee attended the Santa Clara County Library District JPA meeting.

Councilmember Hines attended the Rolling Hills Middle School 7 th Grade presentation on Stormwater Pollution Prevention Plan in partnership with West Valley Stormwater Authority; Cities Association of Santa Clara presentation on the Fruits of Good Governance; a meeting of the DCBA; the DCBA Car Show; and the Bristol Hotel Community Feedback forum. Councilmember Hines gave a shoutout to Access Commercial Door Company.

Vice Mayor Furtado attended the Rolling Hills Middle School Stormwater Prevention presentation; a meeting of West Valley Sanitation District; and the Fruits of Good Governance, Cities Association meeting.

Mayor Lopez attended meetings of Santa Clara Valley Transportation Authority (VTA); a meeting of Bay Area Quality Management District; groundbreaking ceremonies for Phase 4 of the Hwy 101 Express Lanes Project and for State Route 85 project; press conference for Build the Future for Supervisor Ellenberg’s Universal Child Care Initiative; held a Mayor’s Office Hours event with Chief Berg in attendance; and a meeting of the Campbell Ministerial Group.

ADJOURN
Mayor Lopez adjourned the meeting at 8:25 PM.

APPROVED:

ATTEST:

Sergio Lopez, Mayor

Andrea Sanders, City Clerk

3 Packet Pg. 18
Minutes Acceptance: Minutes of Jun 17, 2025 7:00 PM (CONSENT CALENDAR) City
Council
Report
TITLE: Approving Bills and Claims

RECOMMENDED ACTION
Approve the bills and claims in the amount of $2,927,062.56

DISCUSSION
The bills and claims that have been audited and approved by staff for payments made as noted below:

Type Check Date Amount
Bills & Claims June 02, 2025 $2,427,289.78
Payroll June 05, 2025 $94,706.12
Bills & Claims June 09, 2025 $405,066.66
Total $2,927,062.56

FISCAL IMPACT
Requested action does not require a budget adjustment. Adequate funding was available to cover all expenses as listed.

Prepared by:

Celia Deniz, Accounting Clerk II
Reviewed by:

Norite Vong, Assistant Finance Director
Item: 4
Category: CONSENT CALENDAR
Meeting Date: July 1, 2025
4 Packet Pg. 19
Approving Bills and Claims Page 2 of 2

Approved by:

Brian Loventhal, City Manager

4 Packet Pg. 20
City
Council
Report
TITLE: Monthly Investment Transactions Report (May 2025)

RECOMMENDED ACTION
That the City Council review and accept the Monthly Investment Transactions Report for May 2025.

BACKGROUND
As required by California Government Code (GC) Section 53607, staff will submit to the City Council Monthly Investment Transaction Reports within 45 days of the prior month end that show a listing of investments purchased, sold, called, or reached maturity, along with any Local Agency Investment Fund (LAIF) transfers. This is in addition to the Quarterly Investment Report, which shows several other items listed under Section VII.A of the City’s Investment Policy and is also submitted to the City Council within 45 days from the end of the prior quarter.

DISCUSSION
This Monthly Investment Transaction Report covers May 2025. As shown in Attachment A, staff made $4.7 million deposits along with $6.8 million withdrawals with the City’s main Local Agency Investment Fund (LAIF) account to manage operating cash flow . From the Measure O 2022 bond account , $1.3 million was withdrawn to cover April 2025 project expenditures. The monthly LAIF investment rate remained relatively flat at 4.272% while the City’s longer term funds managed by its external investment advisor (Chandle r Asset Management) had an average market Yield to Maturity (YTM) of 4.20% . To leverage LAIF and increase diversification within its more liquid funds, the City opened two new pooled money market investment account s in the California Asset Management Program (CAMP) , optimizing liquidity and earnings potential while enhancing flexibility and diversity . The first CAMP account is a liquid money market investment account alternative to LAIF and the second CAMP account serves as to escrow Measure K sales revenues until the City receives a non-appealable decision on a litigation matter . $1.3 million was deposited into the main CAMP account while $7,000 was deposited into the escrow CAMP account , representing May ’s Measure K sales tax payments from the California Department of Tax and Fee Administration (CDTFA) . The current yield in CAMP was 4 .41% and it’s worth noting that CAMP benefits from a daily interest accrual (compounding) . In the City’s BNY Item: 5
Category: CONSENT CALENDAR
Meeting Date: July 1, 2025
5 Packet Pg. 21
Monthly Investment Transactions Report May 2025 Page 2 of 2 investment custodial account, $495,000 in new investments were purchased ; two (2) ABS (Asset-backed securities) for $265,000 and one (1) Corporate bond for $230,000; all three essentially offsetting the one (1) US Treasury that was sold for $500,000. $29,000 in net interest, dividends, realized loss and other accruals was posted and transferred to cash and money market. Consistent with the recommended FY 2024-25 Investment Strategy approved by the City Council on September 17, 2024, staff and the City’s investment advisors continue to watch for moderately long-term investment opportunities outside of LAIF , as interest rates remain high but have stabilized to provide the highest yet still safe return s, consistent with the City’s Investment Policy.

Please note that all investment purchases made adhere to the City’s Investment Policy.

FISCAL IMPACT

There is no fiscal impact associated with the review and acceptance of the Monthly Investment Transactions Report.

Prepared by:

John Formale, Accountant

Reviewed by:

Will Fuentes, Finance Director

Approved by:

Brian Loventhal, City Manager

Attachment:
a. Monthly Investment Activity Report- 5.31.25
b. Chandler BNY Investment statement- 5.31.25
5 Packet Pg. 22

CITY OF CAMPBELL
Monthly Investment Transactions Report
May 1 to May 31 2025
Account Trans. Date May'25
LAIF - ******133, Main account
Average Monthly Yield 4.272%
Beginning Balance 34,567,649$
Transactions
Deposit 5/1/2025 1,100,000
Withdrawal 5/2/2025 (2,100,000)
Withdrawal 5/7/2025 (600,000)
Deposit 5/12/2025 1,800,000
Deposit 5/19/2025 1,800,000
Withdrawal 5/21/2025 (850,000)
Withdrawal 5/27/2025 (900,000)
Withdrawal 5/30/2025 (2,300,000)
(2,050,000)
Ending Balance 32,517,649$
Account Trans. Date May'25
LAIF - ******032, MEAS O, Series 2022
Average Monthly Yield 4.272%
Beginning Balance 16,781,374$
Transactions
Principal drawdown- MEAS April expenditures 5/16/2025 (1,342,000) (1,342,000)
Ending Balance 15,439,374$
Account Trans. Date May'25
CAMP - ******001, Regular
Average Monthly Yield 4.410%
Beginning Balance -$
Transactions
Deposit 5/28/2025 1,300,000
Dividends 5/30/2025 631
1,300,631
Ending Balance 1,300,631$
Account Trans. Date May'25
CAMP - ******002, Meas K Sales Tax escrow
Average Monthly Yield 4.410%
Beginning Balance -$
Transactions
Deposit- May sales tax receipts 5/28/2025 7,346
Dividends 5/30/2025 4
7,350
Ending Balance 7,350$
Account*** Trans. Date May'25
Bank of New York (BNY) - ******818
Beginning Balance 20,441,172
Note: Purchases listed at par value, see Chandler Monthly Statement for detail Transactions
Purchases (2)- Asset-backed security 265,000
Purchase (1)- Corporate Bond 230,000
Sale (1)- US Treasury (500,000)
Interest & dividends 17,614
Real Gain/(loss) (4,009)
Other misc income 1,114
Purchased/sold interest, Principal paydowns & other accruals (23,880) Money market transfers 28,880
14,719
Ending Balance 20,455,891
Total of all Investments
Beginning 71,790,195$
Ending 69,720,895$

5.a
Packet Pg. 23
Attachment: Monthly Investment Activity Report- 5.31.25 (Monthly Investment Transactions Report May 2025)

MONTHLY ACCOUNT STATEMENT
City of Campbell | Account #11214 | As of May 31, 2025
CHANDLER ASSET MANAGEMENT | chandlerasset.com
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 at the end of the statement.

Chandler Team:

For questions about your account, please call (800) 317-4747, or contact [email protected]
Custodian:

Bank of New York Mellon

5.b
Packet Pg. 24
Attachment: Chandler BNY Investment statement- 5.31.25 (Monthly Investment Transactions Report May CONFIDENTIAL | 2
City of Campbell | Account #11214 | As of May 31, 2025
Execution Time: 06/03/2025 09:17:33 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

PORTFOLIO SUMMARY
Portfolio Characteristics
Sector Allocation
Performance Review
Account Summary
Maturity Distribution
Top Issuers
Credit Quality (S&P)
Total Rate of Return** 1M 3M YTD 1YR 2YRS 3YRS 5YRS 10YRS Since Inception (03/01/25)
City of Campbell (0.16%) 1.22% -- -- -- -- -- -- --
Benchmark Return (0.36%) 1.14% -- -- -- -- -- -- --
Average Modified Duration 2.55
Average Coupon 3.95%
Average Purchase YTM 4.02%
Average Market YTM 4.20%
Average Credit Quality* AA
Average Final Maturity 3.06
Average Life 2.63
End Values as of
04/30/2025
End Values as of
05/31/2025
Market Value 20,577,088.31 20,503,050.24
Accrued Interest 142,395.25 182,980.50
Total Market Value 20,719,483.56 20,686,030.74
Income Earned 68,462.88 60,507.77
Cont/WD 0.00 0.00
Par 20,523,528.58 20,546,644.97
Book Value 20,439,611.05 20,463,560.86
Cost Value 20,441,819.31 20,464,615.32
Government of The United States 36.14%
Farm Credit System 9.73%
FHLMC 8.97%
Federal Home Loan Banks 7.25%
International Bank for Recon and Dev 2.31%
BMW Vehicle Owner Trust 1.97%
Toyota Motor Corporation 1.94%
Bank of America Corporation 1.48%
**Periods over 1 year are annualized.

Benchmark: ICE BofA 1-5 Year Unsubordinated US Treasury & Agency Index Secondary Benchmark:
*The average credit quality is a weighted average calculation of the highest of S&P , Moody’s and Fitch.

5.b
Packet Pg. 25
Attachment: Chandler BNY Investment statement- 5.31.25 (Monthly Investment Transactions Report May CONFIDENTIAL | 3
City of Campbell | Account #11214 | As of May 31, 2025
Execution Time: 06/03/2025 09:17:33 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

RECONCILIATION SUMMARY
Accrual Activity Summary
Fair Market Activity Summary
Month to Date Fiscal Year to Date
(07/01/2024)
Beginning Book Value 20,439,611.05 16,999,954.62
Maturities/Calls 0.00 (6,000,000.00)
Principal Paydowns (8,840.61) (48,981.15)
Purchases 788,513.88 34,321,366.42
Sales (760,945.34) (24,786,910.57)
Change in Cash, Payables, Receivables 8,077.29 8,724.53 Amortization/Accretion 1,194.59 (595.96)
Realized Gain (Loss) (4,049.99) (29,997.03)
Ending Book Value 20,463,560.86 20,463,560.86
Month to Date Fiscal Year to Date
(07/01/2024)
Beginning Market Value 20,577,088.31 16,694,837.18
Maturities/Calls 0.00 (6,000,000.00)
Principal Paydowns (8,840.61) (48,981.15)
Purchases 788,513.88 34,321,366.42
Sales (760,945.34) (24,786,910.57)
Change in Cash, Payables, Receivables 8,077.29 8,724.53 Amortization/Accretion 1,194.59 (595.96)
Change in Net Unrealized Gain (Loss) (97,987.89) 344,606.82 Realized Gain (Loss) (4,049.99) (29,997.03)
Ending Market Value 20,503,050.24 20,503,050.24
Maturities / Calls
Month to Date 0.00
Fiscal Year to Date (6,000,000.00)
Principal Paydowns
Month to Date (8,840.61)
Fiscal Year to Date (48,981.15)
Purchases
Month to Date 788,513.88
Fiscal Year to Date 34,321,366.42
Sales
Month to Date (760,945.34)
Fiscal Year to Date (24,786,910.57)
Interest Received
Month to Date 17,614.18
Fiscal Year to Date 609,829.38
Purchased / Sold Interest
Month to Date 1,113.75
Fiscal Year to Date (47,904.68)

5.b
Packet Pg. 26
Attachment: Chandler BNY Investment statement- 5.31.25 (Monthly Investment Transactions Report May CONFIDENTIAL | 4
City of Campbell | Account #11214 | As of May 31, 2025
Execution Time: 06/03/2025 09:17:33 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

HOLDINGS REPORT
Cusip Security Description Par Value/
Units
Purchase Date
Purchase Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
ABS
891940AC2 TAOT 2023-A A3 4.63
09/15/2027 101,948.56 11/14/2024

4.63%
101,988.38
101,977.10
100.01

4.66%
101,959.25
209.79

0.50%
(17.85)
NA/AAA
AAA

2.29 0.54
362962AD4 GMALT 2025-2 A3 4.58
05/20/2028 95,000.00 05/20/2025

4.84%
94,998.42
94,998.42
100.00

4.62%
95,000.00

24.17 0.46%

1.58 NA/AAA
AAA

2.97 1.68
47800RAD5 JDOT 2024 A3 4.96 11/15/2028 200,000.00 02/20/2025

4.63%
201,203.13
201,082.46
100.75

4.37%
201,500.00
440.89

0.98%
417.55
Aaa/NA
AAA

3.46 1.15
096919AD7 BMWOT 2024-A A3 5.18
02/26/2029 400,000.00 --

4.69%
404,156.25
403,637.99
100.85

4.52%
403,401.20
345.33

1.97%
(236.79)
Aaa/AAA
NA

3.74 1.19
89239TAD4 TAOT 2024-D A3 4.4 06/15/2029 60,000.00 10/10/2024

4.51%
59,996.65
59,997.10
100.15

4.34%
60,090.32
117.33

0.29%

93.23 Aaa/AAA
NA

4.04 1.51
02589BAE0 AMXCA 2024-3 A 4.65
07/15/2027 200,000.00 02/20/2025

4.57%
200,546.88
200,484.31
100.79

4.30%
201,587.38
413.33

0.98%
1,103.07
NA/AAA
AAA

2.12 1.98
34535VAD6 FORDO 2024-D A3 4.61
08/15/2029 120,000.00 11/19/2024

4.66%
119,996.15
119,996.58
100.56

4.35%
120,675.80
245.87

0.59%
679.23
Aaa/NA
AAA

4.21 1.86
38014AAD3 GMCAR 2024-4 A3 4.4
08/16/2029 60,000.00 10/08/2024

4.32%
59,988.44
59,989.93
100.04

4.41%
60,022.55
110.00

0.29%

32.61 Aaa/AAA
NA

4.21 1.41
47800DAD6 JDOT 2025 A3 4.23 09/17/2029 100,000.00 03/04/2025

5.09%
99,993.71
99,994.02

99.87 4.33%
99,868.05
188.00

0.49%
(125.97)
Aaa/NA
AAA

4.30 1.96
92970QAE5 WFCIT 2024-2 A 4.29
10/15/2029 110,000.00 10/17/2024

4.29%
109,983.65
109,985.63
100.06

4.30%
110,068.28
209.73

0.54%

82.65 Aaa/AAA
NA

4.38 2.21
89231HAD8 TAOT 2025-B A3 4.34
11/15/2029 65,000.00 04/24/2025

4.82%
64,996.28
64,996.35
100.27

4.26%
65,178.17
125.38

0.32%
181.81
NA/AAA
AAA

4.46 2.21
58773DAD6 MBART 2025-1 A3 4.78
12/17/2029 115,000.00 01/14/2025

4.84%
114,975.54
114,977.30
100.93

4.28%
116,064.28
244.31

0.57%
1,086.98
Aaa/NA
AAA

4.55 1.69
362955AD8 GMCAR 2025-1 A3 4.62
12/17/2029 80,000.00 01/09/2025

5.03%
79,994.06
79,994.51
100.61

4.29%
80,485.18
154.00

0.39%
490.67
Aaa/NA
AAA

4.55 1.63
02582JKP4 AMXCA 2025-2 A 4.28
04/15/2030 170,000.00 05/06/2025

4.28%
169,996.92
169,996.95
100.00

4.32%
170,003.84
363.80

0.83%

6.89 NA/AAA
AAA

4.87 2.64
Total ABS 1,876,948.56 4.64%
1,882,814.46
1,882,108.65
100.48

4.40%
1,885,904.30
3,191.94

9.20%
3,795.65

3.75 1.63
AGENCY
3130APFH3 FEDERAL HOME LOAN BANKS

0.81 07/29/2025 500,000.00 10/29/2021

0.81%
500,000.00
500,000.00

99.45 4.29%
497,255.93
1,372.50

2.43%
(2,744.07)
Aa1/AA+
AA+

0.16 0.16

5.b
Packet Pg. 27
Attachment: Chandler BNY Investment statement- 5.31.25 (Monthly Investment Transactions Report May CONFIDENTIAL | 5
City of Campbell | Account #11214 | As of May 31, 2025
Execution Time: 06/03/2025 09:17:33 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

HOLDINGS REPORT
Cusip Security Description Par Value/
Units
Purchase Date
Purchase Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
3130ANVB3 FEDERAL HOME LOAN BANKS 0.8
09/17/2025 1,000,000.00 09/17/2021

0.80%
1,000,000.00
1,000,000.00

98.93 4.51%
989,308.03
1,644.44

4.83%
(10,691.97)
Aa1/AA+
AA+

0.30 0.29
3133ENZC7 FEDERAL FARM CREDIT BANKS
FUNDING CORP 4.12 06/22/2026 1,000,000.00 06/22/2022

4.12%
1,000,000.00
1,000,000.00

99.91 4.21%
999,059.00
18,196.67

4.87%
(941.00)
Aa1/AA+
AA+

1.06 1.00
3133ENZY9 FEDERAL FARM CREDIT BANKS
FUNDING CORP 3.96 07/12/2027 1,000,000.00 07/12/2022

3.96%
1,000,000.00
1,000,000.00

99.52 4.20%
995,218.82
15,290.00

4.85%
(4,781.18)
Aa1/AA+
AA+

2.11 1.97
Total Agency 3,500,000.00 2.66%
3,500,000.00
3,500,000.00

99.45 4.30%
3,480,841.78
36,503.61

16.98%
(19,158.22)

1.02 0.96

AGENCY CMBS
3137BSRE5 FHMS K-059 A2 3.12 09/25/2026 250,000.00 11/21/2024

4.55%
243,691.41
245,523.25

98.36 4.37%
245,900.43
650.00

1.20%
377.17
Aa1/AAA
AAA

1.32 1.17
3137FJEH8 FHMS K-081 A2 3.9 08/25/2028 250,000.00 11/21/2024

4.53%
244,335.94
245,124.02

99.08 4.16%
247,695.75
812.50

1.21%
2,571.73
Aa1/AA+
AAA

3.24 2.95
3137FKSH0 FHMS K-086 A2 3.859
11/25/2028 150,000.00 09/18/2024

3.82%
150,005.86
150,004.88

98.74 4.21%
148,114.10
482.38

0.72%
(1,890.78)
Aaa/AA+
AA+

3.49 3.16
3137FLN91 FHMS K-091 A2 3.505
03/25/2029 300,000.00 11/14/2024

4.62%
287,074.22
288,678.57

97.41 4.23%
292,216.89
876.25

1.43%
3,538.32
Aa1/AAA
AA+

3.82 3.40
3137FMCR1 FHMS K-093 A2 2.982
05/25/2029 149,070.32 10/16/2024

4.15%
142,036.06
142,985.03

95.62 4.23%
142,538.26
370.44

0.70%
(446.77)
Aa1/AA+
AAA

3.98 3.46
3137FNAE0 FHMS K-095 A2 2.785
06/25/2029 250,000.00 03/13/2025

4.39%
234,707.03
235,453.76

94.60 4.26%
236,504.95
580.21

1.15%
1,051.19
Aa1/AA+
AAA

4.07 3.67
3137FPHK4 FHMS K-098 A2 2.425
08/25/2029 300,000.00 10/17/2024

4.26%
276,445.31
279,443.67

93.02 4.27%
279,051.30
606.25

1.36%
(392.37)
Aa1/AA+
AAA

4.24 3.85
3137FRUJ8 FHMS K-105 A2 1.872
01/25/2030 275,000.00 03/17/2025

4.43%
244,868.16
246,126.53

89.99 4.29%
247,467.06
429.00

1.21%
1,340.53
Aa1/AA+
AAA

4.65 4.29
Total Agency CMBS 1,924,070.32 4.39%
1,823,163.99
1,833,339.71

95.70 4.25%
1,839,488.73
4,807.02

8.97%
6,149.02

3.60 3.25
CASH
CCYUSD Receivable 8,724.53 --

0.00%
8,724.53
8,724.53

1.00 0.00%
8,724.53

0.00 0.04%

0.00 Aaa/AAA
AAA

0.00 0.00
Total Cash 8,724.53 0.00%
8,724.53
8,724.53

1.00 0.00%
8,724.53

0.00 0.04%

0.00 0.00

0.00 CORPORATE

5.b
Packet Pg. 28
Attachment: Chandler BNY Investment statement- 5.31.25 (Monthly Investment Transactions Report May CONFIDENTIAL | 6
City of Campbell | Account #11214 | As of May 31, 2025
Execution Time: 06/03/2025 09:17:33 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

HOLDINGS REPORT
Cusip Security Description Par Value/
Units
Purchase Date
Purchase Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
91324PEY4 UNITEDHEALTH GROUP INC 4.6
04/15/2027 240,000.00 09/18/2024

3.83%
244,346.40
243,124.42
100.21

4.48%
240,507.16
1,410.67

1.17%
(2,617.27)
A2/A+
A

1.87 1.69
437076DB5 HOME DEPOT INC 4.875
06/25/2027 225,000.00 08/12/2024

4.25%
228,663.00
227,609.21
101.38

4.17%
228,106.35
4,753.13

1.11%
497.14
A2/A
A

2.07 1.84
02665WFK2 AMERICAN HONDA FINANCE
CORP 4.9 07/09/2027 200,000.00 09/18/2024

4.03%
204,578.00
203,436.86
100.65

4.57%
201,306.49
3,865.56

0.98%
(2,130.36)
A3/A-
NA

2.11 1.94
78017FZQ9 ROYAL BANK OF CANADA 4.51
10/18/2027 250,000.00 11/05/2024

4.66%
249,005.00
249,196.42
100.03

3.43%
250,087.39
1,346.74

1.22%
890.97
A1/A
AA-

2.38 1.32
857477CP6 STATE STREET CORP 4.33
10/22/2027 250,000.00 11/07/2024

4.54%
248,537.50
248,815.62
100.23

4.23%
250,562.57
1,172.71

1.22%
1,746.95
Aa3/A
AA-

2.39 2.16
89115A3E0 TORONTO-DOMINION BANK

4.861 01/31/2028 225,000.00 01/28/2025

4.86%
225,000.00
225,000.00
100.97

4.47%
227,183.33
3,676.13

1.11%
2,183.33
A2/A-
AA-

2.67 2.44
17275RBW1 CISCO SYSTEMS INC 4.55
02/24/2028 250,000.00 03/11/2025

4.32%
251,557.50
251,437.12
101.13

4.10%
252,836.78
3,064.93

1.23%
1,399.65
A1/AA-
NA

2.74 2.44
00287YDY2 ABBVIE INC 4.65 03/15/2028 125,000.00 02/18/2025

4.70%
124,833.75
124,847.94
101.01

4.26%
126,263.01
1,533.85

0.62%
1,415.07
A3/A-
NA

2.79 2.49
06406RBG1 BANK OF NEW YORK MELLON
CORP 3.992 06/13/2028 225,000.00 09/05/2024

4.31%
223,128.00
223,624.73

99.22 4.75%
223,255.83
4,191.60

1.09%
(368.90)
Aa3/A
AA-

3.04 1.89
46647PDG8 JPMORGAN CHASE & CO 4.851
07/25/2028 150,000.00 08/12/2024

4.62%
150,933.00
150,679.81
100.51

5.13%
150,758.95
2,546.78

0.74%

79.15 A1/A
AA-

3.15 1.99
46647PEU6 JPMORGAN CHASE & CO 4.915
01/24/2029 115,000.00 01/16/2025

4.92%
115,000.00
115,000.00
100.87

4.71%
116,004.87
1,993.99

0.57%
1,004.87
A1/A
AA-

3.65 2.42
06051GMK2 BANK OF AMERICA CORP 4.979
01/24/2029 150,000.00 01/17/2025

4.98%
150,000.00
150,000.00
100.98

4.74%
151,469.21
2,634.72

0.74%
1,469.21
A1/A-
AA-

3.65 2.41
06368MJG0 BANK OF MONTREAL 5.004
01/27/2029 100,000.00 01/22/2025

5.01%
100,000.00
100,000.00
101.06

4.69%
101,057.29
1,723.60

0.49%
1,057.29
A2/A-
AA-

3.66 2.42
91159HJK7 US BANCORP 4.653 02/01/2029 200,000.00 09/05/2024

4.47%
201,116.00
200,875.38
100.17

4.84%
200,347.02
3,102.00

0.98%
(528.36)
A3/A
A

3.67 2.44
06051GLG2 BANK OF AMERICA CORP 5.202
04/25/2029 150,000.00 08/12/2024

4.69%
152,550.00
151,998.85
101.62

4.93%
152,425.69
780.30

0.74%
426.84
A1/A-
AA-

3.90 2.65
24422EXT1 JOHN DEERE CAPITAL CORP 4.85
06/11/2029 225,000.00 08/12/2024

4.40%
229,338.00
228,619.51
101.91

4.33%
229,290.55
5,153.13

1.12%
671.03
A1/A
A+

4.03 3.55
89236TMK8 TOYOTA MOTOR CREDIT CORP

4.55 08/09/2029 225,000.00 08/12/2024

4.49%
225,567.00
225,476.13
100.22

4.49%
225,488.60
3,185.00

1.10%

12.47 A1/A+
A+

4.19 3.72
532457CQ9 ELI LILLY AND CO 4.2 08/14/2029 235,000.00 08/12/2024

4.22%
234,769.70
234,806.40

99.84 4.24%
234,628.40
2,933.58

1.14%
(178.00)
Aa3/A+
NA

4.21 3.77

5.b
Packet Pg. 29
Attachment: Chandler BNY Investment statement- 5.31.25 (Monthly Investment Transactions Report May CONFIDENTIAL | 7
City of Campbell | Account #11214 | As of May 31, 2025
Execution Time: 06/03/2025 09:17:33 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

HOLDINGS REPORT
Cusip Security Description Par Value/
Units
Purchase Date
Purchase Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
26442CAY0 DUKE ENERGY CAROLINAS LLC

2.45 08/15/2029 250,000.00 12/18/2024

4.72%
226,517.50
228,782.87

92.59 4.40%
231,472.31
1,803.47

1.13%
2,689.43
Aa3/A
NA

4.21 3.89
14913UAU4 CATERPILLAR FINANCIAL
SERVICES CORP 4.7 11/15/2029 250,000.00 11/12/2024

4.74%
249,592.50
249,636.69
101.34

4.37%
253,340.77
522.22

1.24%
3,704.08
A2/A
A+

4.46 3.98
89236TNA9 TOYOTA MOTOR CREDIT CORP

4.95 01/09/2030 170,000.00 01/06/2025

5.00%
169,636.20
169,664.69
101.53

4.58%
172,602.93
3,319.25

0.84%
2,938.24
A1/A+
A+

4.61 4.01
63743HFX5

NATIONAL RURAL UTILITIES

COOPERATIVE FINANCE CORP

4.95 02/07/2030
250,000.00 02/20/2025

4.90%
250,550.00
250,519.12
101.28

4.64%
253,198.84
3,918.75

1.23%
2,679.72
A2/NA
A

4.69 4.01
571748CA8

MARSH & MCLENNAN
COMPANIES INC 4.65
03/15/2030
250,000.00 03/24/2025

4.67%
249,755.00
249,764.17
100.41

4.55%
251,025.98
2,454.17

1.22%
1,261.80
A3/A-
A-

4.79 4.14
931142FN8 WALMART INC 4.35 04/28/2030 185,000.00 04/23/2025

4.39%
184,679.95
184,685.91
100.37

4.27%
185,676.97
737.69

0.91%
991.06
Aa2/AA
AA

4.91 4.29
69371RT71 PACCAR FINANCIAL CORP 4.55
05/08/2030 230,000.00 05/05/2025

4.59%
229,643.50
229,648.19
100.24

4.50%
230,544.88
668.60

1.12%
896.70
A1/A+
NA

4.94 4.36
Total Corporate 5,125,000.00 4.54%
5,119,297.50
5,117,250.04
100.32

4.44%
5,139,442.16
62,492.55

25.07%
22,192.12

3.54 2.93

MONEY MARKET
FUND
X9USDDGCM DREYFUS GVT CM INST 56,901.57 --

4.21%
56,901.57
56,901.57

1.00 4.20%
56,901.57

0.00 0.28%

0.00 Aaa/
AAAm
NA

0.00 0.00
Total Money
Market Fund 56,901.57 4.21%
56,901.57
56,901.57

1.00 4.20%
56,901.57

0.00 0.28%

0.00 0.00

0.00 MUNICIPAL
BONDS
13063EGT7 CALIFORNIA STATE 4.5
08/01/2029 205,000.00 10/30/2024

4.38%
206,080.35
205,950.46
101.00

4.24%
207,045.90
3,075.00

1.01%
1,095.44
Aa2/AA-
AA

4.17 3.71
Total Municipal
Bonds 205,000.00 4.38%
206,080.35
205,950.46
101.00

4.24%
207,045.90
3,075.00

1.01%
1,095.44

4.17 3.71

SUPRANATIONAL

5.b
Packet Pg. 30
Attachment: Chandler BNY Investment statement- 5.31.25 (Monthly Investment Transactions Report May CONFIDENTIAL | 8
City of Campbell | Account #11214 | As of May 31, 2025
Execution Time: 06/03/2025 09:17:33 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

HOLDINGS REPORT
Cusip Security Description Par Value/
Units
Purchase Date
Purchase Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
459058LN1

INTERNATIONAL BANK FOR

RECONSTRUCTION AND
DEVELOPM 3.875 10/16/2029
350,000.00 12/13/2024

4.29%
343,689.50
344,286.58

99.54 3.99%
348,406.75
1,695.31

1.70%
4,120.16
Aaa/AAA
NA

4.38 3.96
459058LR2

INTERNATIONAL BANK FOR

RECONSTRUCTION AND
DEVELOPM 4.125 03/20/2030
125,000.00 03/14/2025

4.20%
124,553.75
124,571.59
100.48

4.01%
125,596.28
1,016.93

0.61%
1,024.69
Aaa/AAA
NA

4.80 4.28
Total
Supranational 475,000.00 4.27%
468,243.25
468,858.17

99.79 4.00%
474,003.03
2,712.24

2.31%
5,144.85

4.49 4.05

US TREASURY
91282CGR6 UNITED STATES TREASURY 4.625
03/15/2026 350,000.00 08/20/2024

4.14%
352,542.97
351,278.17
100.29

4.24%
351,018.56
3,431.05

1.71%
(259.61)
Aa1/AA+
AA+

0.79 0.76
91282CHH7 UNITED STATES TREASURY 4.125
06/15/2026 375,000.00 08/08/2024

4.10%
375,175.78
375,098.70

99.98 4.14%
374,926.76
7,139.42

1.83%
(171.94)
Aa1/AA+
AA+

1.04 0.99
91282CJC6 UNITED STATES TREASURY 4.625
10/15/2026 375,000.00 08/30/2024

3.90%
380,507.81
378,555.94
100.77

4.04%
377,885.74
2,227.20

1.84%
(670.20)
Aa1/AA+
AA+

1.38 1.31
91282CKE0 UNITED STATES TREASURY 4.25
03/15/2027 350,000.00 08/20/2024

3.86%
353,322.27
352,314.23
100.52

3.95%
351,804.69
3,152.85

1.72%
(509.54)
Aa1/AA+
AA+

1.79 1.69
91282CKZ3 UNITED STATES TREASURY 4.375
07/15/2027 375,000.00 08/08/2024

3.91%
379,804.69
378,475.54
100.95

3.90%
378,559.57
6,209.00

1.85%

84.03 Aa1/AA+
AA+

2.12 1.98
91282CFM8 UNITED STATES TREASURY 4.125
09/30/2027 350,000.00 10/31/2024

4.17%
349,521.48
349,616.91
100.55

3.87%
351,927.73
2,445.70

1.72%
2,310.82
Aa1/AA+
AA+

2.33 2.19
91282CGP0 UNITED STATES TREASURY 4.0
02/29/2028 375,000.00 08/08/2024

3.87%
376,552.73
376,198.91
100.33

3.87%
376,230.47
3,790.76

1.83%

31.56 Aa1/AA+
AA+

2.75 2.55
91282CHK0 UNITED STATES TREASURY 4.0
06/30/2028 350,000.00 08/20/2024

3.76%
353,007.81
352,401.55
100.39

3.86%
351,367.19
5,878.45

1.71%
(1,034.36)
Aa1/AA+
AA+

3.08 2.82
91282CJF9 UNITED STATES TREASURY 4.875
10/31/2028 375,000.00 08/08/2024

3.85%
389,765.63
386,934.91
103.11

3.89%
386,645.51
1,589.67

1.89%
(289.40)
Aa1/AA+
AA+

3.42 3.11
91282CKD2 UNITED STATES TREASURY 4.25
02/28/2029 375,000.00 11/26/2024

4.21%
375,585.94
375,515.81
101.18

3.91%
379,409.18
4,027.68

1.85%
3,893.37
Aa1/AA+
AA+

3.75 3.40
91282CKG5 UNITED STATES TREASURY 4.125
03/31/2029 350,000.00 11/18/2024

4.31%
347,498.05
347,802.74
100.75

3.91%
352,625.00
2,445.70

1.72%
4,822.26
Aa1/AA+
AA+

3.83 3.49
91282CKP5 UNITED STATES TREASURY 4.625
04/30/2029 375,000.00 08/08/2024

3.84%
387,583.01
385,423.84
102.54

3.92%
384,506.84
1,508.15

1.88%
(917.00)
Aa1/AA+
AA+

3.91 3.54
91282CEV9 UNITED STATES TREASURY 3.25
06/30/2029 350,000.00 11/18/2024

4.31%
334,591.80
336,366.85

97.46 3.93%
341,126.95
4,776.24

1.66%
4,760.10
Aa1/AA+
AA+

4.08 3.72

5.b
Packet Pg. 31
Attachment: Chandler BNY Investment statement- 5.31.25 (Monthly Investment Transactions Report May CONFIDENTIAL | 9
City of Campbell | Account #11214 | As of May 31, 2025
Execution Time: 06/03/2025 09:17:33 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

HOLDINGS REPORT
Cusip Security Description Par Value/
Units
Purchase Date
Purchase Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
91282CLC3 UNITED STATES TREASURY 4.0
07/31/2029 350,000.00 08/20/2024

3.70%
354,634.77
353,905.53
100.27

3.93%
350,929.69
4,679.56

1.71%
(2,975.84)
Aa1/AA+
AA+

4.17 3.75
91282CLK5 UNITED STATES TREASURY 3.625
08/31/2029 400,000.00 --

3.60%
400,687.50
400,469.93

98.80 3.93%
395,187.50
3,664.40

1.93%
(5,282.43)
Aa1/AA+
AA+

4.25 3.86
91282CLN9 UNITED STATES TREASURY 3.5
09/30/2029 400,000.00 --

4.09%
389,617.18
390,772.08

98.28 3.93%
393,125.00
2,371.58

1.92%
2,352.92
Aa1/AA+
AA+

4.33 3.95
91282CLR0 UNITED STATES TREASURY 4.125
10/31/2029 400,000.00 --

4.33%
396,388.68
396,747.06
100.72

3.94%
402,890.62
1,434.78

1.97%
6,143.56
Aa1/AA+
AA+

4.42 3.99
91282CMA6 UNITED STATES TREASURY 4.125
11/30/2029 400,000.00 12/11/2024

4.09%
400,546.88
400,495.33
100.75

3.94%
403,015.62

45.08 1.97%
2,520.30
Aa1/AA+
AA+

4.50 4.07
91282CMD0 UNITED STATES TREASURY 4.375
12/31/2029 400,000.00 --

4.45%
398,679.69
398,778.93
101.75

3.95%
407,000.00
7,348.07

1.99%
8,221.07
Aa1/AA+
AA+

4.59 4.05
91282CMU2 UNITED STATES TREASURY 4.0
03/31/2030 300,000.00 04/07/2025

3.75%
303,375.00
303,274.75
100.17

3.96%
300,515.63
2,032.79

1.47%
(2,759.13)
Aa1/AA+
AA+

4.83 4.32
Total US Treasury 7,375,000.00 4.02%
7,399,389.67
7,390,427.73
100.50

3.95%
7,410,698.24
70,198.14

36.14%
20,270.51

3.28 2.99
Total Portfolio 20,546,644.97 4.02%
20,464,615.32
20,463,560.86

99.51 4.20%
20,503,050.24
182,980.50
100.00%
39,489.38

3.06 2.55
Total Market Value
+ Accrued 20,686,030.74

5.b
Packet Pg. 32
Attachment: Chandler BNY Investment statement- 5.31.25 (Monthly Investment Transactions Report May CONFIDENTIAL | 10
City of Campbell | Account #11214 | As of May 31, 2025
Execution Time: 06/03/2025 09:17:33 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

TRANSACTION LEDGER
Transaction Type Settlement
Date CUSIP Quantity Security Description Price
Acq/
Disp
Yield
Amount Interest Pur/
Sold Total Amount Gain/Loss

ACQUISITIONS
Purchase 05/02/2025 X9USDDGCM 647.27 DREYFUS GVT CM INST 1.000 4.22% (647.27) 0.00 (647.27) 0.00 Purchase 05/08/2025 69371RT71 230,000.00 PACCAR FINANCIAL CORP

4.55 05/08/2030 99.845 4.59% (229,643.50) 0.00 (229,643.50) 0.00 Purchase 05/08/2025 X9USDDGCM 267,420.25 DREYFUS GVT CM INST 1.000 4.19% (267,420.25) 0.00 (267,420.25) 0.00 Purchase 05/13/2025 02582JKP4 170,000.00 AMXCA 2025-2 A 4.28 04/15/2030 99.998 4.28% (169,996.92) 0.00 (169,996.92) 0.00 Purchase 05/15/2025 X9USDDGCM 7,910.92 DREYFUS GVT CM INST 1.000 4.19% (7,910.92) 0.00 (7,910.92) 0.00 Purchase 05/15/2025 X9USDDGCM 9,785.37 DREYFUS GVT CM INST 1.000 4.19% (9,785.37) 0.00 (9,785.37) 0.00 Purchase 05/16/2025 X9USDDGCM 117.54 DREYFUS GVT CM INST 1.000 4.19% (117.54) 0.00 (117.54) 0.00 Purchase 05/16/2025 X9USDDGCM 528.00 DREYFUS GVT CM INST 1.000 4.19% (528.00) 0.00 (528.00) 0.00 Purchase 05/27/2025 X9USDDGCM 929.69 DREYFUS GVT CM INST 1.000 4.19% (929.69) 0.00 (929.69) 0.00 Purchase 05/27/2025 X9USDDGCM 6,536.00 DREYFUS GVT CM INST 1.000 4.19% (6,536.00) 0.00 (6,536.00) 0.00 Purchase 05/29/2025 362962AD4 95,000.00 GMALT 2025-2 A3 4.58 05/20/2028 99.998 4.84% (94,998.42) 0.00 (94,998.42) 0.00 Total Purchase 788,875.04 (788,513.88) 0.00 (788,513.88) 0.00 TOTAL
ACQUISITIONS 788,875.04 (788,513.88) 0.00 (788,513.88) 0.00

DISPOSITIONS
Sale 05/08/2025 3130APFH3 (500,000.00) FEDERAL HOME LOAN BANKS 0.81 07/29/2025 99.190 0.81% 495,950.00 (1,113.75) 497,063.75 (4,050.00) Sale 05/13/2025 X9USDDGCM (169,996.92) DREYFUS GVT CM INST 1.000 4.17% 169,996.92 0.00 169,996.92 0.00 Sale 05/29/2025 X9USDDGCM (94,998.42) DREYFUS GVT CM INST 1.000 4.21% 94,998.42 0.00 94,998.42 0.00 Total Sale (764,995.34) 760,945.34 (1,113.75) 762,059.09 (4,050.00) TOTAL
DISPOSITIONS (764,995.34) 760,945.34 (1,113.75) 762,059.09 (4,050.00) OTHER

TRANSACTIONS
Coupon 05/01/2025 3137FLN91 0.00 FHMS K-091 A2 3.505
03/25/2029 4.62% 876.25 0.00 876.25 0.00

5.b
Packet Pg. 33
Attachment: Chandler BNY Investment statement- 5.31.25 (Monthly Investment Transactions Report May CONFIDENTIAL | 11
City of Campbell | Account #11214 | As of May 31, 2025
Execution Time: 06/03/2025 09:17:33 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

TRANSACTION LEDGER
Transaction Type Settlement
Date CUSIP Quantity Security Description Price
Acq/
Disp
Yield
Amount Interest Pur/
Sold Total Amount Gain/Loss
Coupon 05/01/2025 3137BSRE5 0.00 FHMS K-059 A2 3.12
09/25/2026 4.55% 650.00 0.00 650.00 0.00
Coupon 05/01/2025 3137FJEH8 0.00 FHMS K-081 A2 3.9
08/25/2028 4.53% 812.50 0.00 812.50 0.00
Coupon 05/01/2025 3137FRUJ8 0.00 FHMS K-105 A2 1.872
01/25/2030 4.43% 429.00 0.00 429.00 0.00
Coupon 05/01/2025 3137FNAE0 0.00 FHMS K-095 A2 2.785
06/25/2029 4.39% 580.21 0.00 580.21 0.00
Coupon 05/01/2025 3137FPHK4 0.00 FHMS K-098 A2 2.425
08/25/2029 4.26% 606.25 0.00 606.25 0.00
Coupon 05/01/2025 3137FMCR1 0.00 FHMS K-093 A2 2.982
05/25/2029 4.15% 372.75 0.00 372.75 0.00
Coupon 05/01/2025 3137FKSH0 0.00 FHMS K-086 A2 3.859
11/25/2028 3.82% 482.37 0.00 482.37 0.00
Coupon 05/15/2025 47800DAD6 0.00 JDOT 2025 A3 4.23
09/17/2029 5.09% 352.50 0.00 352.50 0.00
Coupon 05/15/2025 58773DAD6 0.00 MBART 2025-1 A3 4.78
12/17/2029 4.84% 458.08 0.00 458.08 0.00
Coupon 05/15/2025 89231HAD8 0.00 TAOT 2025-B A3 4.34
11/15/2029 4.82% 117.54 0.00 117.54 0.00
Coupon 05/15/2025 14913UAU4 0.00

CATERPILLAR FINANCIAL
SERVICES CORP 4.7
11/15/2029

4.74% 5,875.00 0.00 5,875.00 0.00
Coupon 05/15/2025 34535VAD6 0.00 FORDO 2024-D A3 4.61
08/15/2029 4.66% 461.00 0.00 461.00 0.00
Coupon 05/15/2025 47800RAD5 0.00 JDOT 2024 A3 4.96
11/15/2028 4.63% 826.67 0.00 826.67 0.00
Coupon 05/15/2025 891940AC2 0.00 TAOT 2023-A A3 4.63
09/15/2027 4.63% 423.87 0.00 423.87 0.00
Coupon 05/15/2025 02589BAE0 0.00 AMXCA 2024-3 A 4.65
07/15/2027 4.57% 775.00 0.00 775.00 0.00
Coupon 05/15/2025 89239TAD4 0.00 TAOT 2024-D A3 4.4
06/15/2029 4.51% 220.00 0.00 220.00 0.00

5.b
Packet Pg. 34
Attachment: Chandler BNY Investment statement- 5.31.25 (Monthly Investment Transactions Report May CONFIDENTIAL | 12
City of Campbell | Account #11214 | As of May 31, 2025
Execution Time: 06/03/2025 09:17:33 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

TRANSACTION LEDGER
Transaction Type Settlement
Date CUSIP Quantity Security Description Price
Acq/
Disp
Yield
Amount Interest Pur/
Sold Total Amount Gain/Loss
Coupon 05/15/2025 92970QAE5 0.00 WFCIT 2024-2 A 4.29
10/15/2029 4.29% 393.25 0.00 393.25 0.00
Coupon 05/16/2025 362955AD8 0.00 GMCAR 2025-1 A3 4.62
12/17/2029 5.03% 308.00 0.00 308.00 0.00
Coupon 05/16/2025 38014AAD3 0.00 GMCAR 2024-4 A3 4.4
08/16/2029 4.32% 220.00 0.00 220.00 0.00
Coupon 05/25/2025 096919AD7 0.00 BMWOT 2024-A A3 5.18
02/26/2029 4.69% 1,726.67 0.00 1,726.67 0.00
Coupon 05/31/2025 91282CMA6 0.00 UNITED STATES TREASURY

4.125 11/30/2029 4.09% 8,250.00 0.00 8,250.00 0.00
Total Coupon 0.00 25,216.91 0.00 25,216.91 0.00
Principal Paydown 05/01/2025 3137FMCR1 929.69 FHMS K-093 A2 2.982 05/25/2029 4.15% 929.69 -- 929.69 0.01
Principal Paydown 05/15/2025 891940AC2 7,910.92 TAOT 2023-A A3 4.63 09/15/2027 4.63% 7,910.92 -- 7,910.92 0.00
Total Principal
Paydown 8,840.61 8,840.61 -- 8,840.61 0.01

TOTAL OTHER
TRANSACTIONS 8,840.61 34,057.52 0.00 34,057.52 0.01

5.b
Packet Pg. 35
Attachment: Chandler BNY Investment statement- 5.31.25 (Monthly Investment Transactions Report May CONFIDENTIAL | 13
City of Campbell | Account #11214 | As of May 31, 2025
Execution Time: 06/03/2025 09:17:33 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

INCOME EARNED
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

CASH & EQUIVALENTS
CCYUSD Receivable
8,724.53
647.24

0.00 0.00
8,724.53

0.00 0.00

0.00 X9USDDGCM DREYFUS GVT CM INST
56,901.57
28,021.87
293,875.04
(264,995.34)
56,901.57

0.00 647.27

0.00 0.00

0.00 647.27
647.27
Total Cash & Equivalents 65,626.10
28,669.11
293,875.04
(264,995.34)
65,626.10

0.00 647.27

0.00 0.00

0.00 647.27 647.27

FIXED INCOME
00287YDY2 ABBVIE INC 4.65 03/15/2028
02/18/2025
02/26/2025
125,000.00
124,843.31

0.00 0.00
124,847.94
1,049.48

0.00 1,533.85
484.38

4.63 0.00

4.63 489.01
489.01
02582JKP4 AMXCA 2025-2 A 4.28
04/15/2030
05/06/2025
05/13/2025
170,000.00

0.00 169,996.92

0.00 169,996.95

0.00 0.00
363.80
363.80

0.03 0.00

0.03 363.83
363.83
02589BAE0 AMXCA 2024-3 A 4.65
07/15/2027
02/20/2025
02/21/2025
200,000.00
200,503.71

0.00 0.00
200,484.31
413.33
775.00
413.33
775.00

0.00 (19.40)
(19.40)
755.60
755.60
02665WFK2 AMERICAN HONDA FINANCE
CORP 4.9 07/09/2027
09/18/2024
09/19/2024
200,000.00
203,575.58

0.00 0.00
203,436.86
3,048.89

0.00 3,865.56
816.67

0.00 (138.73)
(138.73)
677.94
677.94
06051GLG2 BANK OF AMERICA CORP

5.202 04/25/2029
08/12/2024
08/13/2024
150,000.00
152,057.36

0.00 0.00
151,998.85
130.05

0.00 780.30
650.25

0.00 (58.51)
(58.51)
591.74
591.74

5.b
Packet Pg. 36
Attachment: Chandler BNY Investment statement- 5.31.25 (Monthly Investment Transactions Report May CONFIDENTIAL | 14
City of Campbell | Account #11214 | As of May 31, 2025
Execution Time: 06/03/2025 09:17:33 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

4.979 01/24/2029
01/17/2025
01/24/2025
150,000.00
150,000.00

0.00 0.00
150,000.00
2,012.35

0.00 2,634.72
622.38

0.00 0.00

0.00 622.38
622.38
06368MJG0 BANK OF MONTREAL 5.004
01/27/2029
01/22/2025
01/27/2025
100,000.00
100,000.00

0.00 0.00
100,000.00
1,306.60

0.00 1,723.60
417.00

0.00 0.00

0.00 417.00
417.00
06406RBG1 BANK OF NEW YORK MELLON
CORP 3.992 06/13/2028
09/05/2024
09/06/2024
225,000.00
223,567.27

0.00 0.00
223,624.73
3,443.10

0.00 4,191.60
748.50

57.46 0.00

57.46 805.96
805.96
096919AD7 BMWOT 2024-A A3 5.18
02/26/2029 400,000.00
403,747.70

0.00 0.00
403,637.99
345.33
1,726.67
345.33
1,726.67

0.00 (109.71)
(109.71)
1,616.96
1,616.96
13063EGT7 CALIFORNIA STATE 4.5
08/01/2029
10/30/2024
11/05/2024
205,000.00
205,969.82

0.00 0.00
205,950.46
2,306.25

0.00 3,075.00
768.75

0.00 (19.36)
(19.36)
749.39
749.39
14913UAU4

CATERPILLAR FINANCIAL
SERVICES CORP 4.7
11/15/2029
11/12/2024
11/15/2024
250,000.00
249,629.77

0.00 0.00
249,636.69
5,418.06
5,875.00
522.22
979.17

6.92 0.00

6.92 986.08
986.08
17275RBW1 CISCO SYSTEMS INC 4.55
02/24/2028
03/11/2025
03/12/2025
250,000.00
251,483.19

0.00 0.00
251,437.12
2,117.01

0.00 3,064.93
947.92

0.00 (46.07)
(46.07)
901.85
901.85
24422EXT1 JOHN DEERE CAPITAL CORP

4.85 06/11/2029
08/12/2024
08/13/2024
225,000.00
228,695.79

0.00 0.00
228,619.51
4,243.75

0.00 5,153.13
909.38

0.00 (76.28)
(76.28)
833.10
833.10
26442CAY0 DUKE ENERGY CAROLINAS
LLC 2.45 08/15/2029
12/18/2024
12/19/2024
250,000.00
228,354.66

0.00 0.00
228,782.87
1,293.06

0.00 1,803.47
510.42
428.21

0.00 428.21
938.63
938.63

5.b
Packet Pg. 37
Attachment: Chandler BNY Investment statement- 5.31.25 (Monthly Investment Transactions Report May CONFIDENTIAL | 15
City of Campbell | Account #11214 | As of May 31, 2025
Execution Time: 06/03/2025 09:17:33 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

0.8 09/17/2025
09/17/2021
09/17/2021
1,000,000.00
1,000,000.00

0.00 0.00
1,000,000.00
977.78

0.00 1,644.44
666.67

0.00 0.00

0.00 666.67
666.67
3130APFH3 FEDERAL HOME LOAN BANKS

0.81 07/29/2025
10/29/2021
10/29/2021
500,000.00
1,000,000.00

0.00 (500,000.00)
500,000.00
2,070.00
1,113.75
1,372.50
416.25

0.00 0.00

0.00 416.25
416.25
3133ENZC7

FEDERAL FARM CREDIT
BANKS FUNDING CORP 4.12
06/22/2026
06/22/2022
06/22/2022
1,000,000.00
1,000,000.00

0.00 0.00
1,000,000.00
14,763.33

0.00 18,196.67
3,433.33

0.00 0.00

0.00 3,433.33
3,433.33
3133ENZY9

FEDERAL FARM CREDIT
BANKS FUNDING CORP 3.96
07/12/2027
07/12/2022
07/12/2022
1,000,000.00
1,000,000.00

0.00 0.00
1,000,000.00
11,990.00

0.00 15,290.00
3,300.00

0.00 0.00

0.00 3,300.00
3,300.00
3137BSRE5 FHMS K-059 A2 3.12
09/25/2026
11/21/2024
11/26/2024
250,000.00
245,219.58

0.00 0.00
245,523.25
650.00
650.00
650.00
650.00
303.67

0.00 303.67
953.67
953.67
3137FJEH8 FHMS K-081 A2 3.9
08/25/2028
11/21/2024
11/26/2024
250,000.00
244,993.38

0.00 0.00
245,124.02
812.50
812.50
812.50
812.50
130.64

0.00 130.64
943.14
943.14
3137FKSH0 FHMS K-086 A2 3.859
11/25/2028
09/18/2024
09/23/2024
150,000.00
150,005.00

0.00 0.00
150,004.88
482.38
482.37
482.38
482.37

0.00 (0.12)
(0.12)
482.25
482.25
3137FLN91 FHMS K-091 A2 3.505
03/25/2029
11/14/2024
11/19/2024
300,000.00
288,422.21

0.00 0.00
288,678.57
876.25
876.25
876.25
876.25
256.37

0.00 256.37
1,132.62
1,132.62
3137FMCR1 FHMS K-093 A2 2.982
05/25/2029
10/16/2024
10/21/2024
149,070.32
143,744.02

0.00 (929.69)
142,985.03
372.75
372.75
370.44
370.44
170.69

0.00 170.69
541.13
541.13

5.b
Packet Pg. 38
Attachment: Chandler BNY Investment statement- 5.31.25 (Monthly Investment Transactions Report May CONFIDENTIAL | 16
City of Campbell | Account #11214 | As of May 31, 2025
Execution Time: 06/03/2025 09:17:33 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

0.00 0.00
235,453.76
580.21
580.21
580.21
580.21
308.65

0.00 308.65
888.86
888.86
3137FPHK4 FHMS K-098 A2 2.425
08/25/2029
10/17/2024
10/22/2024
300,000.00
279,024.98

0.00 0.00
279,443.67
606.25
606.25
606.25
606.25
418.69

0.00 418.69
1,024.94
1,024.94
3137FRUJ8 FHMS K-105 A2 1.872
01/25/2030
03/17/2025
03/20/2025
275,000.00
245,592.15

0.00 0.00
246,126.53
429.00
429.00
429.00
429.00
534.37

0.00 534.37
963.37
963.37
34535VAD6 FORDO 2024-D A3 4.61
08/15/2029
11/19/2024
11/22/2024
120,000.00
119,996.51

0.00 0.00
119,996.58
245.87
461.00
245.87
461.00

0.07 0.00

0.07 461.07
461.07
362955AD8 GMCAR 2025-1 A3 4.62
12/17/2029
01/09/2025
01/15/2025
80,000.00
79,994.41

0.00 0.00
79,994.51
154.00
308.00
154.00
308.00

0.10 0.00

0.10 308.10
308.10
362962AD4 GMALT 2025-2 A3 4.58
05/20/2028
05/20/2025
05/29/2025
95,000.00

0.00 94,998.42

0.00 0.00

24.17 24.17

0.00 0.00

0.00 24.18

24.18 38014AAD3 GMCAR 2024-4 A3 4.4
08/16/2029
10/08/2024
10/16/2024
60,000.00
59,989.73

0.00 0.00
59,989.93
110.00
220.00
110.00
220.00

0.20 0.00

0.20 220.20
220.20
437076DB5 HOME DEPOT INC 4.875
06/25/2027
08/12/2024
08/13/2024
225,000.00
227,721.09

0.00 0.00
227,609.21
3,839.06

0.00 4,753.13
914.06

0.00 (111.87)
(111.87)
802.19
802.19
459058LN1

INTERNATIONAL BANK FOR

RECONSTRUCTION AND
DEVELOPM 3.875 10/16/2029
12/13/2024
12/16/2024
350,000.00
344,175.75

0.00 0.00
344,286.58
565.10

0.00 1,695.31
1,130.21
110.84

0.00 110.84
1,241.04
1,241.04

5.b
Packet Pg. 39
Attachment: Chandler BNY Investment statement- 5.31.25 (Monthly Investment Transactions Report May CONFIDENTIAL | 17
City of Campbell | Account #11214 | As of May 31, 2025
Execution Time: 06/03/2025 09:17:33 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

INTERNATIONAL BANK FOR

RECONSTRUCTION AND
DEVELOPM 4.125 03/20/2030
03/14/2025
03/20/2025
125,000.00
124,564.01

0.00 0.00
124,571.59
587.24

0.00 1,016.93
429.69

7.58 0.00

7.58 437.26
437.26
46647PDG8 JPMORGAN CHASE & CO

4.851 07/25/2028
08/12/2024
08/13/2024
150,000.00
150,706.69

0.00 0.00
150,679.81
1,940.40

0.00 2,546.78
606.38

0.00 (26.88)
(26.88)
579.49
579.49
46647PEU6 JPMORGAN CHASE & CO

4.915 01/24/2029
01/16/2025
01/24/2025
115,000.00
115,000.00

0.00 0.00
115,000.00
1,522.97

0.00 1,993.99
471.02

0.00 0.00

0.00 471.02
471.02
47800DAD6 JDOT 2025 A3 4.23
09/17/2029
03/04/2025
03/11/2025
100,000.00
99,993.90

0.00 0.00
99,994.02
188.00
352.50
188.00
352.50

0.12 0.00

0.12 352.62
352.62
47800RAD5 JDOT 2024 A3 4.96
11/15/2028
02/20/2025
02/21/2025
200,000.00
201,119.86

0.00 0.00
201,082.46
440.89
826.67
440.89
826.67

0.00 (37.41)
(37.41)
789.26
789.26
532457CQ9 ELI LILLY AND CO 4.2
08/14/2029
08/12/2024
08/14/2024
235,000.00
234,802.49

0.00 0.00
234,806.40
2,111.08

0.00 2,933.58
822.50

3.91 0.00

3.91 826.41
826.41
571748CA8

MARSH & MCLENNAN
COMPANIES INC 4.65
03/15/2030
03/24/2025
03/25/2025
250,000.00
249,759.99

0.00 0.00
249,764.17
1,485.42

0.00 2,454.17
968.75

4.18 0.00

4.18 972.93
972.93
58773DAD6 MBART 2025-1 A3 4.78
12/17/2029
01/14/2025
01/23/2025
115,000.00
114,976.88

0.00 0.00
114,977.30
244.31
458.08
244.31
458.08

0.42 0.00

0.42 458.50
458.50
63743HFX5

NATIONAL RURAL UTILITIES

COOPERATIVE FINANCE CORP

4.95 02/07/2030
02/20/2025
02/21/2025
250,000.00
250,528.69

0.00 0.00
250,519.12
2,887.50

0.00 3,918.75
1,031.25

0.00 (9.57)
(9.57)
1,021.68
1,021.68

5.b
Packet Pg. 40
Attachment: Chandler BNY Investment statement- 5.31.25 (Monthly Investment Transactions Report May CONFIDENTIAL | 18
City of Campbell | Account #11214 | As of May 31, 2025
Execution Time: 06/03/2025 09:17:33 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

4.55 05/08/2030
05/05/2025
05/08/2025
230,000.00

0.00 229,643.50

0.00 229,648.19

0.00 0.00
668.60
668.60

4.69 0.00

4.69 673.28
673.28
78017FZQ9 ROYAL BANK OF CANADA

4.51 10/18/2027
11/05/2024
11/06/2024
250,000.00
249,167.75

0.00 0.00
249,196.42
407.15

0.00 1,346.74
939.58

28.67 0.00

28.67 968.25
968.25
857477CP6 STATE STREET CORP 4.33
10/22/2027
11/07/2024
11/08/2024
250,000.00
248,773.56

0.00 0.00
248,815.62
270.63

0.00 1,172.71
902.08

42.06 0.00

42.06 944.14
944.14
89115A3E0 TORONTO-DOMINION BANK

4.861 01/31/2028
01/28/2025
01/31/2025
225,000.00
225,000.00

0.00 0.00
225,000.00
2,764.69

0.00 3,676.13
911.44

0.00 0.00

0.00 911.44
911.44
891940AC2 TAOT 2023-A A3 4.63
09/15/2027
11/14/2024
11/15/2024
101,948.56
109,892.13

0.00 (7,910.92)
101,977.10
226.07
423.87
209.79
407.59

0.00 (4.12)
(4.12)
403.47
403.47
89231HAD8 TAOT 2025-B A3 4.34
11/15/2029
04/24/2025
04/30/2025
65,000.00
64,996.28

0.00 0.00
64,996.35

7.84 117.54
125.38
235.08

0.07 0.00

0.07 235.15
235.15
89236TMK8 TOYOTA MOTOR CREDIT
CORP 4.55 08/09/2029
08/12/2024
08/13/2024
225,000.00
225,485.78

0.00 0.00
225,476.13
2,331.88

0.00 3,185.00
853.13

0.00 (9.65)
(9.65)
843.48
843.48
89236TNA9 TOYOTA MOTOR CREDIT
CORP 4.95 01/09/2030
01/06/2025
01/09/2025
170,000.00
169,658.51

0.00 0.00
169,664.69
2,618.00

0.00 3,319.25
701.25

6.18 0.00

6.18 707.43
707.43
89239TAD4 TAOT 2024-D A3 4.4
06/15/2029
10/10/2024
10/17/2024
60,000.00
59,997.04

0.00 0.00
59,997.10
117.33
220.00
117.33
220.00

0.06 0.00

0.06 220.06
220.06

5.b
Packet Pg. 41
Attachment: Chandler BNY Investment statement- 5.31.25 (Monthly Investment Transactions Report May CONFIDENTIAL | 19
City of Campbell | Account #11214 | As of May 31, 2025
Execution Time: 06/03/2025 09:17:33 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

0.00 0.00
200,875.38
2,326.50

0.00 3,102.00
775.50

0.00 (27.83)
(27.83)
747.67
747.67
91282CEV9 UNITED STATES TREASURY

3.25 06/30/2029
11/18/2024
11/19/2024
350,000.00
336,083.21

0.00 0.00
336,366.85
3,802.14

0.00 4,776.24
974.10
283.64

0.00 283.64
1,257.74
1,257.74
91282CFM8 UNITED STATES TREASURY

4.125 09/30/2027
10/31/2024
11/01/2024
350,000.00
349,602.96

0.00 0.00
349,616.91
1,222.85

0.00 2,445.70
1,222.85

13.96 0.00

13.96 1,236.80
1,236.80
91282CGP0 UNITED STATES TREASURY 4.0
02/29/2028
08/08/2024
08/09/2024
375,000.00
376,235.97

0.00 0.00
376,198.91
2,527.17

0.00 3,790.76
1,263.59

0.00 (37.06)
(37.06)
1,226.53
1,226.53
91282CGR6 UNITED STATES TREASURY

4.625 03/15/2026
08/20/2024
08/21/2024
350,000.00
351,416.23

0.00 0.00
351,278.17
2,067.43

0.00 3,431.05
1,363.62

0.00 (138.06)
(138.06)
1,225.56
1,225.56
91282CHH7 UNITED STATES TREASURY

4.125 06/15/2026
08/08/2024
08/09/2024
375,000.00
375,106.77

0.00 0.00
375,098.70
5,822.03

0.00 7,139.42
1,317.39

0.00 (8.07)
(8.07)
1,309.32
1,309.32
91282CHK0 UNITED STATES TREASURY 4.0
06/30/2028
08/20/2024
08/21/2024
350,000.00
352,467.73

0.00 0.00
352,401.55
4,679.56

0.00 5,878.45
1,198.90

0.00 (66.18)
(66.18)
1,132.72
1,132.72
91282CJC6 UNITED STATES TREASURY

4.625 10/15/2026
08/30/2024
08/30/2024
375,000.00
378,775.97

0.00 0.00
378,555.94
758.20

0.00 2,227.20
1,469.01

0.00 (220.03)
(220.03)
1,248.98
1,248.98
91282CJF9 UNITED STATES TREASURY

4.875 10/31/2028
08/08/2024
08/09/2024
375,000.00
387,231.37

0.00 0.00
386,934.91

49.68 0.00
1,589.67
1,540.00

0.00 (296.46)
(296.46)
1,243.54
1,243.54

5.b
Packet Pg. 42
Attachment: Chandler BNY Investment statement- 5.31.25 (Monthly Investment Transactions Report May CONFIDENTIAL | 20
City of Campbell | Account #11214 | As of May 31, 2025
Execution Time: 06/03/2025 09:17:33 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

4.25 02/28/2029
11/26/2024
11/27/2024
375,000.00
375,527.50

0.00 0.00
375,515.81
2,685.12

0.00 4,027.68
1,342.56

0.00 (11.69)
(11.69)
1,330.87
1,330.87
91282CKE0 UNITED STATES TREASURY

4.25 03/15/2027
08/20/2024
08/21/2024
350,000.00
352,424.26

0.00 0.00
352,314.23
1,899.80

0.00 3,152.85
1,253.06

0.00 (110.03)
(110.03)
1,143.02
1,143.02
91282CKG5 UNITED STATES TREASURY

4.125 03/31/2029
11/18/2024
11/19/2024
350,000.00
347,754.06

0.00 0.00
347,802.74
1,222.85

0.00 2,445.70
1,222.85

48.69 0.00

48.69 1,271.54
1,271.54
91282CKP5 UNITED STATES TREASURY

4.625 04/30/2029
08/08/2024
08/09/2024
375,000.00
385,649.97

0.00 0.00
385,423.84

47.13 0.00
1,508.15
1,461.02

0.00 (226.13)
(226.13)
1,234.89
1,234.89
91282CKZ3 UNITED STATES TREASURY

4.375 07/15/2027
08/08/2024
08/09/2024
375,000.00
378,614.74

0.00 0.00
378,475.54
4,804.04

0.00 6,209.00
1,404.96

0.00 (139.20)
(139.20)
1,265.75
1,265.75
91282CLC3 UNITED STATES TREASURY 4.0
07/31/2029
08/20/2024
08/21/2024
350,000.00
353,985.13

0.00 0.00
353,905.53
3,480.66

0.00 4,679.56
1,198.90

0.00 (79.60)
(79.60)
1,119.30
1,119.30
91282CLK5 UNITED STATES TREASURY

3.625 08/31/2029 400,000.00
400,479.32

0.00 0.00
400,469.93
2,442.93

0.00 3,664.40
1,221.47

36.79 (46.18)
(9.39)
1,212.08
1,212.08
91282CLN9 UNITED STATES TREASURY 3.5
09/30/2029 400,000.00
390,591.25

0.00 0.00
390,772.08
1,185.79

0.00 2,371.58
1,185.79
180.83

0.00 180.83
1,366.62
1,366.62
91282CLR0 UNITED STATES TREASURY

4.125 10/31/2029 400,000.00
396,684.55

0.00 0.00
396,747.06

44.84 0.00
1,434.78
1,389.95

62.52 0.00

62.52 1,452.46
1,452.46

5.b
Packet Pg. 43
Attachment: Chandler BNY Investment statement- 5.31.25 (Monthly Investment Transactions Report May CONFIDENTIAL | 21
City of Campbell | Account #11214 | As of May 31, 2025
Execution Time: 06/03/2025 09:17:33 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

4.125 11/30/2029
12/11/2024
12/12/2024
400,000.00
400,504.67

0.00 0.00
400,495.33
6,890.11

0.00 45.08
(6,845.03)

0.00 (9.35)
(9.35)
(6,854.37)
(6,854.37)
91282CMD0 UNITED STATES TREASURY

4.375 12/31/2029 400,000.00
398,756.32

0.00 0.00
398,778.93
5,849.45

0.00 7,348.07
1,498.62

25.76 (3.15)

22.61 1,521.23
1,521.23
91282CMU2 UNITED STATES TREASURY 4.0
03/31/2030
04/07/2025
04/08/2025
300,000.00
303,332.30

0.00 0.00
303,274.75
1,016.39

0.00 2,032.79
1,016.39

0.00 (57.55)
(57.55)
958.84
958.84
91324PEY4 UNITEDHEALTH GROUP INC

4.6 04/15/2027
09/18/2024
09/19/2024
240,000.00
243,272.98

0.00 0.00
243,124.42
490.67

0.00 1,410.67
920.00

0.00 (148.55)
(148.55)
771.45
771.45
92970QAE5 WFCIT 2024-2 A 4.29
10/15/2029
10/17/2024
10/24/2024
110,000.00
109,985.35

0.00 0.00
109,985.63
209.73
393.25
209.73
393.25

0.28 0.00

0.28 393.53
393.53
931142FN8 WALMART INC 4.35
04/28/2030
04/23/2025
04/28/2025
185,000.00
184,680.48

0.00 0.00
184,685.91

67.06 0.00
737.69
670.63

5.43 0.00

5.43 676.06
676.06
Total Fixed Income 20,481,018.87
20,410,941.94
494,638.84
(508,840.60)
20,397,934.76
142,395.25
18,080.66
182,980.50
58,665.91
3,487.38
(2,292.79)
1,194.59
59,860.50 59,860.50
TOTAL PORTFOLIO 20,546,644.97
20,439,611.05
788,513.88
(773,835.94)
20,463,560.86
142,395.25
18,727.93
182,980.50
59,313.18
3,487.38
(2,292.79)
1,194.59
60,507.77 60,507.77

5.b
Packet Pg. 44
Attachment: Chandler BNY Investment statement- 5.31.25 (Monthly Investment Transactions Report May CONFIDENTIAL | 22
City of Campbell | Account #11214 | As of May 31, 2025
Execution Time: 06/03/2025 09:17:33 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount JUNE 2025
06/02/2025 Dividend X9USDDGCM 65,151.57 DREYFUS GVT CM INST 474.53 474.53 06/11/2025 Coupon 24422EXT1 225,000.00 JOHN DEERE CAPITAL CORP 4.85 06/11/2029 5,456.25 5,456.25 06/13/2025 Coupon 06406RBG1 225,000.00 BANK OF NEW YORK MELLON CORP 3.992 06/13/2028 4,491.00 4,491.00
06/16/2025 Coupon 02582JKP4 170,000.00 AMXCA 2025-2 A 4.28 04/15/2030 646.76 646.76 06/16/2025 Coupon 02589BAE0 200,000.00 AMXCA 2024-3 A 4.65 07/15/2027 775.00 775.00 06/16/2025 Coupon 34535VAD6 120,000.00 FORDO 2024-D A3 4.61 08/15/2029 461.00 461.00 06/16/2025 Coupon 362955AD8 80,000.00 GMCAR 2025-1 A3 4.62 12/17/2029 308.00 308.00 06/16/2025 Coupon 38014AAD3 60,000.00 GMCAR 2024-4 A3 4.4 08/16/2029 220.00 220.00 06/16/2025 Coupon 47800DAD6 100,000.00 JDOT 2025 A3 4.23 09/17/2029 352.50 352.50 06/16/2025 Coupon 47800RAD5 200,000.00 JDOT 2024 A3 4.96 11/15/2028 826.67 826.67 06/16/2025 Coupon 58773DAD6 115,000.00 MBART 2025-1 A3 4.78 12/17/2029 458.08 458.08 06/16/2025 Coupon 891940AC2 101,948.56 TAOT 2023-A A3 4.63 09/15/2027 393.35 393.35 06/16/2025 Principal Paydown 891940AC2 101,948.56 TAOT 2023-A A3 4.63 09/15/2027 8,502.45 8,502.45 06/16/2025 Coupon 89231HAD8 65,000.00 TAOT 2025-B A3 4.34 11/15/2029 235.08 235.08 06/16/2025 Coupon 89239TAD4 60,000.00 TAOT 2024-D A3 4.4 06/15/2029 220.00 220.00 06/16/2025 Coupon 91282CHH7 375,000.00 UNITED STATES TREASURY 4.125 06/15/2026 7,734.38 7,734.38 06/16/2025 Coupon 92970QAE5 110,000.00 WFCIT 2024-2 A 4.29 10/15/2029 393.25 393.25 06/20/2025 Coupon 362962AD4 95,000.00 GMALT 2025-2 A3 4.58 05/20/2028 265.45 265.45 06/23/2025 Coupon 3133ENZC7 1,000,000.00 FEDERAL FARM CREDIT BANKS FUNDING CORP

4.12 06/22/2026 20,600.00 20,600.00
06/25/2025 Coupon 096919AD7 400,000.00 BMWOT 2024-A A3 5.18 02/26/2029 1,726.67 1,726.67 06/25/2025 Coupon 3137BSRE5 250,000.00 FHMS K-059 A2 3.12 09/25/2026 650.00 650.00 06/25/2025 Coupon 3137FJEH8 250,000.00 FHMS K-081 A2 3.9 08/25/2028 812.50 812.50 06/25/2025 Coupon 3137FKSH0 150,000.00 FHMS K-086 A2 3.859 11/25/2028 482.38 482.38 06/25/2025 Coupon 3137FLN91 300,000.00 FHMS K-091 A2 3.505 03/25/2029 876.25 876.25 06/25/2025 Coupon 3137FMCR1 148,140.63 FHMS K-093 A2 2.982 05/25/2029 370.44 370.44 06/25/2025 Principal Paydown 3137FMCR1 148,140.63 FHMS K-093 A2 2.982 05/25/2029 929.68 929.68 06/25/2025 Coupon 3137FNAE0 250,000.00 FHMS K-095 A2 2.785 06/25/2029 580.21 580.21 06/25/2025 Coupon 3137FPHK4 300,000.00 FHMS K-098 A2 2.425 08/25/2029 606.25 606.25 06/25/2025 Coupon 3137FRUJ8 275,000.00 FHMS K-105 A2 1.872 01/25/2030 429.00 429.00

5.b
Packet Pg. 45
Attachment: Chandler BNY Investment statement- 5.31.25 (Monthly Investment Transactions Report May CONFIDENTIAL | 23
City of Campbell | Account #11214 | As of May 31, 2025
Execution Time: 06/03/2025 09:17:33 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 06/25/2025 Coupon 437076DB5 225,000.00 HOME DEPOT INC 4.875 06/25/2027 5,484.38 5,484.38 06/30/2025 Coupon 91282CEV9 350,000.00 UNITED STATES TREASURY 3.25 06/30/2029 5,687.50 5,687.50 06/30/2025 Coupon 91282CHK0 350,000.00 UNITED STATES TREASURY 4.0 06/30/2028 7,000.00 7,000.00 06/30/2025 Coupon 91282CMD0 400,000.00 UNITED STATES TREASURY 4.375 12/31/2029 8,750.00 8,750.00 June 2025 Total 9,906.66 77,292.33 87,198.99
JULY 2025
07/09/2025 Coupon 02665WFK2 200,000.00 AMERICAN HONDA FINANCE CORP 4.9 07/09/2027 4,900.00 4,900.00
07/09/2025 Coupon 89236TNA9 170,000.00 TOYOTA MOTOR CREDIT CORP 4.95 01/09/2030 4,207.50 4,207.50 07/14/2025 Coupon 3133ENZY9 1,000,000.00 FEDERAL FARM CREDIT BANKS FUNDING CORP

3.96 07/12/2027 19,800.00 19,800.00
07/15/2025 Coupon 02582JKP4 170,000.00 AMXCA 2025-2 A 4.28 04/15/2030 606.33 606.33 07/15/2025 Coupon 02589BAE0 200,000.00 AMXCA 2024-3 A 4.65 07/15/2027 775.00 775.00 07/15/2025 Coupon 34535VAD6 120,000.00 FORDO 2024-D A3 4.61 08/15/2029 461.00 461.00 07/15/2025 Coupon 47800DAD6 100,000.00 JDOT 2025 A3 4.23 09/17/2029 352.50 352.50 07/15/2025 Coupon 47800RAD5 200,000.00 JDOT 2024 A3 4.96 11/15/2028 826.67 826.67 07/15/2025 Coupon 58773DAD6 115,000.00 MBART 2025-1 A3 4.78 12/17/2029 458.08 458.08 07/15/2025 Coupon 891940AC2 101,948.56 TAOT 2023-A A3 4.63 09/15/2027 360.55 360.55 07/15/2025 Principal Paydown 891940AC2 101,948.56 TAOT 2023-A A3 4.63 09/15/2027 7,745.96 7,745.96 07/15/2025 Coupon 89231HAD8 65,000.00 TAOT 2025-B A3 4.34 11/15/2029 235.08 235.08 07/15/2025 Coupon 89239TAD4 60,000.00 TAOT 2024-D A3 4.4 06/15/2029 220.00 220.00 07/15/2025 Coupon 91282CKZ3 375,000.00 UNITED STATES TREASURY 4.375 07/15/2027 8,203.13 8,203.13 07/15/2025 Coupon 92970QAE5 110,000.00 WFCIT 2024-2 A 4.29 10/15/2029 393.25 393.25 07/16/2025 Coupon 362955AD8 80,000.00 GMCAR 2025-1 A3 4.62 12/17/2029 308.00 308.00 07/16/2025 Coupon 38014AAD3 60,000.00 GMCAR 2024-4 A3 4.4 08/16/2029 220.00 220.00 07/21/2025 Coupon 362962AD4 95,000.00 GMALT 2025-2 A3 4.58 05/20/2028 379.21 379.21 07/24/2025 Coupon 06051GMK2 150,000.00 BANK OF AMERICA CORP 4.979 01/24/2029 3,734.25 3,734.25 07/24/2025 Coupon 46647PEU6 115,000.00 JPMORGAN CHASE & CO 4.915 01/24/2029 2,826.13 2,826.13 07/25/2025 Coupon 096919AD7 400,000.00 BMWOT 2024-A A3 5.18 02/26/2029 1,726.67 1,726.67 07/25/2025 Coupon 3137BSRE5 250,000.00 FHMS K-059 A2 3.12 09/25/2026 650.00 650.00 07/25/2025 Coupon 3137FJEH8 250,000.00 FHMS K-081 A2 3.9 08/25/2028 812.50 812.50 07/25/2025 Coupon 3137FKSH0 150,000.00 FHMS K-086 A2 3.859 11/25/2028 482.38 482.38

5.b
Packet Pg. 46
Attachment: Chandler BNY Investment statement- 5.31.25 (Monthly Investment Transactions Report May CONFIDENTIAL | 24
City of Campbell | Account #11214 | As of May 31, 2025
Execution Time: 06/03/2025 09:17:33 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 07/25/2025 Coupon 3137FLN91 300,000.00 FHMS K-091 A2 3.505 03/25/2029 876.25 876.25 07/25/2025 Coupon 3137FMCR1 148,140.63 FHMS K-093 A2 2.982 05/25/2029 370.04 370.04 07/25/2025 Principal Paydown 3137FMCR1 148,140.63 FHMS K-093 A2 2.982 05/25/2029 174.79 174.79 07/25/2025 Coupon 3137FNAE0 250,000.00 FHMS K-095 A2 2.785 06/25/2029 580.21 580.21 07/25/2025 Coupon 3137FPHK4 300,000.00 FHMS K-098 A2 2.425 08/25/2029 606.25 606.25 07/25/2025 Coupon 3137FRUJ8 275,000.00 FHMS K-105 A2 1.872 01/25/2030 429.00 429.00 07/25/2025 Coupon 46647PDG8 150,000.00 JPMORGAN CHASE & CO 4.851 07/25/2028 3,638.25 3,638.25 07/28/2025 Coupon 06368MJG0 100,000.00 BANK OF MONTREAL 5.004 01/27/2029 2,502.00 2,502.00 07/29/2025 Coupon 3130APFH3 500,000.00 FEDERAL HOME LOAN BANKS 0.81 07/29/2025 2,025.00 2,025.00 07/29/2025 Final Maturity 3130APFH3 500,000.00 FEDERAL HOME LOAN BANKS 0.81 07/29/2025 500,000.00 500,000.00 07/31/2025 Coupon 89115A3E0 225,000.00 TORONTO-DOMINION BANK 4.861 01/31/2028 5,468.63 5,468.63 07/31/2025 Coupon 91282CLC3 350,000.00 UNITED STATES TREASURY 4.0 07/31/2029 7,000.00 7,000.00 July 2025 Total 507,920.75 76,433.84 584,354.59
AUGUST 2025
08/01/2025 Coupon 13063EGT7 205,000.00 CALIFORNIA STATE 4.5 08/01/2029 4,612.50 4,612.50 08/01/2025 Coupon 91159HJK7 200,000.00 US BANCORP 4.653 02/01/2029 4,653.00 4,653.00 08/07/2025 Coupon 63743HFX5 250,000.00 NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORP 4.95 02/07/2030 6,187.50 6,187.50
08/11/2025 Coupon 89236TMK8 225,000.00 TOYOTA MOTOR CREDIT CORP 4.55 08/09/2029 5,118.75 5,118.75 08/14/2025 Coupon 532457CQ9 235,000.00 ELI LILLY AND CO 4.2 08/14/2029 4,935.00 4,935.00 08/15/2025 Coupon 02582JKP4 170,000.00 AMXCA 2025-2 A 4.28 04/15/2030 606.33 606.33 08/15/2025 Coupon 02589BAE0 200,000.00 AMXCA 2024-3 A 4.65 07/15/2027 775.00 775.00 08/15/2025 Coupon 26442CAY0 250,000.00 DUKE ENERGY CAROLINAS LLC 2.45 08/15/2029 3,062.50 3,062.50
08/15/2025 Coupon 34535VAD6 120,000.00 FORDO 2024-D A3 4.61 08/15/2029 461.00 461.00 08/15/2025 Coupon 47800DAD6 100,000.00 JDOT 2025 A3 4.23 09/17/2029 352.50 352.50 08/15/2025 Coupon 47800RAD5 200,000.00 JDOT 2024 A3 4.96 11/15/2028 826.67 826.67 08/15/2025 Coupon 58773DAD6 115,000.00 MBART 2025-1 A3 4.78 12/17/2029 458.08 458.08 08/15/2025 Coupon 891940AC2 101,948.56 TAOT 2023-A A3 4.63 09/15/2027 330.66 330.66 08/15/2025 Principal Paydown 891940AC2 101,948.56 TAOT 2023-A A3 4.63 09/15/2027 7,734.61 7,734.61 08/15/2025 Coupon 89231HAD8 65,000.00 TAOT 2025-B A3 4.34 11/15/2029 235.08 235.08 08/15/2025 Coupon 89239TAD4 60,000.00 TAOT 2024-D A3 4.4 06/15/2029 220.00 220.00

5.b
Packet Pg. 47
Attachment: Chandler BNY Investment statement- 5.31.25 (Monthly Investment Transactions Report May CONFIDENTIAL | 25
City of Campbell | Account #11214 | As of May 31, 2025
Execution Time: 06/03/2025 09:17:33 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 08/15/2025 Coupon 92970QAE5 110,000.00 WFCIT 2024-2 A 4.29 10/15/2029 393.25 393.25 08/18/2025 Coupon 362955AD8 80,000.00 GMCAR 2025-1 A3 4.62 12/17/2029 308.00 308.00 08/18/2025 Coupon 38014AAD3 60,000.00 GMCAR 2024-4 A3 4.4 08/16/2029 220.00 220.00 08/20/2025 Coupon 362962AD4 95,000.00 GMALT 2025-2 A3 4.58 05/20/2028 379.21 379.21 08/25/2025 Coupon 096919AD7 400,000.00 BMWOT 2024-A A3 5.18 02/26/2029 1,726.67 1,726.67 08/25/2025 Coupon 17275RBW1 250,000.00 CISCO SYSTEMS INC 4.55 02/24/2028 5,687.50 5,687.50 08/25/2025 Coupon 3137BSRE5 250,000.00 FHMS K-059 A2 3.12 09/25/2026 650.00 650.00 08/25/2025 Coupon 3137FJEH8 250,000.00 FHMS K-081 A2 3.9 08/25/2028 812.50 812.50 08/25/2025 Coupon 3137FKSH0 150,000.00 FHMS K-086 A2 3.859 11/25/2028 482.38 482.38 08/25/2025 Coupon 3137FLN91 300,000.00 FHMS K-091 A2 3.505 03/25/2029 876.25 876.25 08/25/2025 Coupon 3137FMCR1 148,140.63 FHMS K-093 A2 2.982 05/25/2029 369.61 369.61 08/25/2025 Principal Paydown 3137FMCR1 148,140.63 FHMS K-093 A2 2.982 05/25/2029 161.47 161.47 08/25/2025 Coupon 3137FNAE0 250,000.00 FHMS K-095 A2 2.785 06/25/2029 580.21 580.21 08/25/2025 Coupon 3137FPHK4 300,000.00 FHMS K-098 A2 2.425 08/25/2029 606.25 606.25 08/25/2025 Coupon 3137FRUJ8 275,000.00 FHMS K-105 A2 1.872 01/25/2030 429.00 429.00 August 2025 Total 7,896.08 46,355.39 54,251.47
SEPTEMBER 2025
09/02/2025 Coupon 91282CGP0 375,000.00 UNITED STATES TREASURY 4.0 02/29/2028 7,500.00 7,500.00 09/02/2025 Coupon 91282CKD2 375,000.00 UNITED STATES TREASURY 4.25 02/28/2029 7,968.75 7,968.75 09/02/2025 Coupon 91282CLK5 400,000.00 UNITED STATES TREASURY 3.625 08/31/2029 7,250.00 7,250.00 09/15/2025 Coupon 00287YDY2 125,000.00 ABBVIE INC 4.65 03/15/2028 3,213.02 3,213.02 09/15/2025 Coupon 02582JKP4 170,000.00 AMXCA 2025-2 A 4.28 04/15/2030 606.33 606.33 09/15/2025 Coupon 02589BAE0 200,000.00 AMXCA 2024-3 A 4.65 07/15/2027 775.00 775.00 09/15/2025 Coupon 34535VAD6 120,000.00 FORDO 2024-D A3 4.61 08/15/2029 461.00 461.00 09/15/2025 Coupon 47800DAD6 100,000.00 JDOT 2025 A3 4.23 09/17/2029 352.50 352.50 09/15/2025 Coupon 47800RAD5 200,000.00 JDOT 2024 A3 4.96 11/15/2028 826.67 826.67 09/15/2025 Coupon 571748CA8 250,000.00 MARSH & MCLENNAN COMPANIES INC 4.65 03/15/2030 5,812.50 5,812.50
09/15/2025 Coupon 58773DAD6 115,000.00 MBART 2025-1 A3 4.78 12/17/2029 458.08 458.08 09/15/2025 Coupon 891940AC2 101,948.56 TAOT 2023-A A3 4.63 09/15/2027 300.82 300.82 09/15/2025 Principal Paydown 891940AC2 101,948.56 TAOT 2023-A A3 4.63 09/15/2027 7,351.42 7,351.42 09/15/2025 Coupon 89231HAD8 65,000.00 TAOT 2025-B A3 4.34 11/15/2029 235.08 235.08

5.b
Packet Pg. 48
Attachment: Chandler BNY Investment statement- 5.31.25 (Monthly Investment Transactions Report May CONFIDENTIAL | 26
City of Campbell | Account #11214 | As of May 31, 2025
Execution Time: 06/03/2025 09:17:33 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 09/15/2025 Coupon 89239TAD4 60,000.00 TAOT 2024-D A3 4.4 06/15/2029 220.00 220.00 09/15/2025 Coupon 91282CGR6 350,000.00 UNITED STATES TREASURY 4.625 03/15/2026 8,093.75 8,093.75 09/15/2025 Coupon 91282CKE0 350,000.00 UNITED STATES TREASURY 4.25 03/15/2027 7,437.50 7,437.50 09/15/2025 Coupon 92970QAE5 110,000.00 WFCIT 2024-2 A 4.29 10/15/2029 393.25 393.25 09/16/2025 Coupon 362955AD8 80,000.00 GMCAR 2025-1 A3 4.62 12/17/2029 308.00 308.00 09/16/2025 Coupon 38014AAD3 60,000.00 GMCAR 2024-4 A3 4.4 08/16/2029 220.00 220.00 09/17/2025 Coupon 3130ANVB3 1,000,000.00 FEDERAL HOME LOAN BANKS 0.8 09/17/2025 4,000.00 4,000.00 09/17/2025 Final Maturity 3130ANVB3 1,000,000.00 FEDERAL HOME LOAN BANKS 0.8 09/17/2025 1,000,000.00 1,000,000.00 09/22/2025 Coupon 362962AD4 95,000.00 GMALT 2025-2 A3 4.58 05/20/2028 379.21 379.21 09/22/2025 Coupon 459058LR2 125,000.00 INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPM 4.125 03/20/2030 2,578.13 2,578.13
09/25/2025 Coupon 096919AD7 400,000.00 BMWOT 2024-A A3 5.18 02/26/2029 1,726.67 1,726.67 09/25/2025 Coupon 3137BSRE5 250,000.00 FHMS K-059 A2 3.12 09/25/2026 650.00 650.00 09/25/2025 Coupon 3137FJEH8 250,000.00 FHMS K-081 A2 3.9 08/25/2028 812.50 812.50 09/25/2025 Coupon 3137FKSH0 150,000.00 FHMS K-086 A2 3.859 11/25/2028 482.38 482.38 09/25/2025 Coupon 3137FLN91 300,000.00 FHMS K-091 A2 3.505 03/25/2029 876.25 876.25 09/25/2025 Coupon 3137FMCR1 148,140.63 FHMS K-093 A2 2.982 05/25/2029 369.21 369.21 09/25/2025 Principal Paydown 3137FMCR1 148,140.63 FHMS K-093 A2 2.982 05/25/2029 161.95 161.95 09/25/2025 Coupon 3137FNAE0 250,000.00 FHMS K-095 A2 2.785 06/25/2029 580.21 580.21 09/25/2025 Coupon 3137FPHK4 300,000.00 FHMS K-098 A2 2.425 08/25/2029 606.25 606.25 09/25/2025 Coupon 3137FRUJ8 275,000.00 FHMS K-105 A2 1.872 01/25/2030 429.00 429.00 09/30/2025 Coupon 91282CFM8 350,000.00 UNITED STATES TREASURY 4.125 09/30/2027 7,218.75 7,218.75 09/30/2025 Coupon 91282CKG5 350,000.00 UNITED STATES TREASURY 4.125 03/31/2029 7,218.75 7,218.75 09/30/2025 Coupon 91282CLN9 400,000.00 UNITED STATES TREASURY 3.5 09/30/2029 7,000.00 7,000.00 09/30/2025 Coupon 91282CMU2 300,000.00 UNITED STATES TREASURY 4.0 03/31/2030 6,000.00 6,000.00 September 2025
Total 1,007,513.37 93,359.54 1,100,872.91
OCTOBER 2025
10/15/2025 Coupon 02582JKP4 170,000.00 AMXCA 2025-2 A 4.28 04/15/2030 606.33 606.33 10/15/2025 Coupon 02589BAE0 200,000.00 AMXCA 2024-3 A 4.65 07/15/2027 775.00 775.00 10/15/2025 Coupon 34535VAD6 120,000.00 FORDO 2024-D A3 4.61 08/15/2029 461.00 461.00 10/15/2025 Coupon 47800DAD6 100,000.00 JDOT 2025 A3 4.23 09/17/2029 352.50 352.50

5.b
Packet Pg. 49
Attachment: Chandler BNY Investment statement- 5.31.25 (Monthly Investment Transactions Report May CONFIDENTIAL | 27
City of Campbell | Account #11214 | As of May 31, 2025
Execution Time: 06/03/2025 09:17:33 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 10/15/2025 Coupon 47800RAD5 200,000.00 JDOT 2024 A3 4.96 11/15/2028 826.67 826.67 10/15/2025 Coupon 58773DAD6 115,000.00 MBART 2025-1 A3 4.78 12/17/2029 458.08 458.08 10/15/2025 Coupon 891940AC2 101,948.56 TAOT 2023-A A3 4.63 09/15/2027 272.45 272.45 10/15/2025 Principal Paydown 891940AC2 101,948.56 TAOT 2023-A A3 4.63 09/15/2027 7,052.92 7,052.92 10/15/2025 Coupon 89231HAD8 65,000.00 TAOT 2025-B A3 4.34 11/15/2029 235.08 235.08 10/15/2025 Coupon 89239TAD4 60,000.00 TAOT 2024-D A3 4.4 06/15/2029 220.00 220.00 10/15/2025 Coupon 91282CJC6 375,000.00 UNITED STATES TREASURY 4.625 10/15/2026 8,671.88 8,671.88 10/15/2025 Coupon 91324PEY4 240,000.00 UNITEDHEALTH GROUP INC 4.6 04/15/2027 5,520.00 5,520.00 10/15/2025 Coupon 92970QAE5 110,000.00 WFCIT 2024-2 A 4.29 10/15/2029 393.25 393.25 10/16/2025 Coupon 362955AD8 80,000.00 GMCAR 2025-1 A3 4.62 12/17/2029 308.00 308.00 10/16/2025 Coupon 38014AAD3 60,000.00 GMCAR 2024-4 A3 4.4 08/16/2029 220.00 220.00 10/16/2025 Coupon 459058LN1 350,000.00 INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPM 3.875 10/16/2029 6,781.25 6,781.25
10/20/2025 Coupon 362962AD4 95,000.00 GMALT 2025-2 A3 4.58 05/20/2028 379.21 379.21 10/20/2025 Coupon 78017FZQ9 250,000.00 ROYAL BANK OF CANADA 4.51 10/18/2027 5,637.50 5,637.50 10/22/2025 Coupon 857477CP6 250,000.00 STATE STREET CORP 4.33 10/22/2027 5,412.50 5,412.50 10/27/2025 Coupon 06051GLG2 150,000.00 BANK OF AMERICA CORP 5.202 04/25/2029 3,901.50 3,901.50 10/27/2025 Coupon 096919AD7 400,000.00 BMWOT 2024-A A3 5.18 02/26/2029 1,726.67 1,726.67 10/27/2025 Coupon 3137BSRE5 250,000.00 FHMS K-059 A2 3.12 09/25/2026 650.00 650.00 10/27/2025 Principal Paydown 3137BSRE5 250,000.00 FHMS K-059 A2 3.12 09/25/2026 532.04 532.04 10/27/2025 Coupon 3137FJEH8 250,000.00 FHMS K-081 A2 3.9 08/25/2028 812.50 812.50 10/27/2025 Coupon 3137FKSH0 150,000.00 FHMS K-086 A2 3.859 11/25/2028 482.38 482.38 10/27/2025 Coupon 3137FLN91 300,000.00 FHMS K-091 A2 3.505 03/25/2029 876.25 876.25 10/27/2025 Coupon 3137FMCR1 148,140.63 FHMS K-093 A2 2.982 05/25/2029 368.80 368.80 10/27/2025 Principal Paydown 3137FMCR1 148,140.63 FHMS K-093 A2 2.982 05/25/2029 176.17 176.17 10/27/2025 Coupon 3137FNAE0 250,000.00 FHMS K-095 A2 2.785 06/25/2029 580.21 580.21 10/27/2025 Coupon 3137FPHK4 300,000.00 FHMS K-098 A2 2.425 08/25/2029 606.25 606.25 10/27/2025 Coupon 3137FRUJ8 275,000.00 FHMS K-105 A2 1.872 01/25/2030 429.00 429.00 10/28/2025 Coupon 931142FN8 185,000.00 WALMART INC 4.35 04/28/2030 4,023.75 4,023.75 10/31/2025 Coupon 91282CJF9 375,000.00 UNITED STATES TREASURY 4.875 10/31/2028 9,140.63 9,140.63 10/31/2025 Coupon 91282CKP5 375,000.00 UNITED STATES TREASURY 4.625 04/30/2029 8,671.88 8,671.88 10/31/2025 Coupon 91282CLR0 400,000.00 UNITED STATES TREASURY 4.125 10/31/2029 8,250.00 8,250.00

5.b
Packet Pg. 50
Attachment: Chandler BNY Investment statement- 5.31.25 (Monthly Investment Transactions Report May CONFIDENTIAL | 28
City of Campbell | Account #11214 | As of May 31, 2025
Execution Time: 06/03/2025 09:17:33 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount October 2025 Total 7,761.13 78,050.51 85,811.64
NOVEMBER 2025
11/10/2025 Coupon 69371RT71 230,000.00 PACCAR FINANCIAL CORP 4.55 05/08/2030 5,232.50 5,232.50 11/17/2025 Coupon 02582JKP4 170,000.00 AMXCA 2025-2 A 4.28 04/15/2030 606.33 606.33 11/17/2025 Coupon 02589BAE0 200,000.00 AMXCA 2024-3 A 4.65 07/15/2027 775.00 775.00 11/17/2025 Coupon 14913UAU4 250,000.00 CATERPILLAR FINANCIAL SERVICES CORP 4.7 11/15/2029 5,875.00 5,875.00
11/17/2025 Coupon 34535VAD6 120,000.00 FORDO 2024-D A3 4.61 08/15/2029 461.00 461.00 11/17/2025 Coupon 362955AD8 80,000.00 GMCAR 2025-1 A3 4.62 12/17/2029 308.00 308.00 11/17/2025 Coupon 38014AAD3 60,000.00 GMCAR 2024-4 A3 4.4 08/16/2029 220.00 220.00 11/17/2025 Coupon 47800DAD6 100,000.00 JDOT 2025 A3 4.23 09/17/2029 352.50 352.50 11/17/2025 Coupon 47800RAD5 200,000.00 JDOT 2024 A3 4.96 11/15/2028 826.67 826.67 11/17/2025 Coupon 58773DAD6 115,000.00 MBART 2025-1 A3 4.78 12/17/2029 458.08 458.08 11/17/2025 Coupon 891940AC2 101,948.56 TAOT 2023-A A3 4.63 09/15/2027 245.24 245.24 11/17/2025 Principal Paydown 891940AC2 101,948.56 TAOT 2023-A A3 4.63 09/15/2027 6,869.15 6,869.15 11/17/2025 Coupon 89231HAD8 65,000.00 TAOT 2025-B A3 4.34 11/15/2029 235.08 235.08 11/17/2025 Coupon 89239TAD4 60,000.00 TAOT 2024-D A3 4.4 06/15/2029 220.00 220.00 11/17/2025 Coupon 92970QAE5 110,000.00 WFCIT 2024-2 A 4.29 10/15/2029 393.25 393.25 11/20/2025 Coupon 362962AD4 95,000.00 GMALT 2025-2 A3 4.58 05/20/2028 379.21 379.21 11/25/2025 Coupon 096919AD7 400,000.00 BMWOT 2024-A A3 5.18 02/26/2029 1,726.67 1,726.67 11/25/2025 Coupon 3137BSRE5 250,000.00 FHMS K-059 A2 3.12 09/25/2026 648.62 648.62 11/25/2025 Principal Paydown 3137BSRE5 250,000.00 FHMS K-059 A2 3.12 09/25/2026 507.05 507.05 11/25/2025 Coupon 3137FJEH8 250,000.00 FHMS K-081 A2 3.9 08/25/2028 812.50 812.50 11/25/2025 Coupon 3137FKSH0 150,000.00 FHMS K-086 A2 3.859 11/25/2028 482.38 482.38 11/25/2025 Coupon 3137FLN91 300,000.00 FHMS K-091 A2 3.505 03/25/2029 876.25 876.25 11/25/2025 Coupon 3137FMCR1 148,140.63 FHMS K-093 A2 2.982 05/25/2029 368.37 368.37 11/25/2025 Principal Paydown 3137FMCR1 148,140.63 FHMS K-093 A2 2.982 05/25/2029 162.95 162.95 11/25/2025 Coupon 3137FNAE0 250,000.00 FHMS K-095 A2 2.785 06/25/2029 580.21 580.21 11/25/2025 Coupon 3137FPHK4 300,000.00 FHMS K-098 A2 2.425 08/25/2029 606.25 606.25 11/25/2025 Coupon 3137FRUJ8 275,000.00 FHMS K-105 A2 1.872 01/25/2030 429.00 429.00 November 2025
Total 7,539.16 23,118.10 30,657.26

5.b
Packet Pg. 51
Attachment: Chandler BNY Investment statement- 5.31.25 (Monthly Investment Transactions Report May CONFIDENTIAL | 29
City of Campbell | Account #11214 | As of May 31, 2025
Execution Time: 06/03/2025 09:17:33 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount DECEMBER 2025
12/01/2025 Coupon 91282CMA6 400,000.00 UNITED STATES TREASURY 4.125 11/30/2029 8,250.00 8,250.00 12/11/2025 Coupon 24422EXT1 225,000.00 JOHN DEERE CAPITAL CORP 4.85 06/11/2029 5,456.25 5,456.25 12/15/2025 Coupon 02582JKP4 170,000.00 AMXCA 2025-2 A 4.28 04/15/2030 606.33 606.33 12/15/2025 Coupon 02589BAE0 200,000.00 AMXCA 2024-3 A 4.65 07/15/2027 775.00 775.00 12/15/2025 Coupon 06406RBG1 225,000.00 BANK OF NEW YORK MELLON CORP 3.992 06/13/2028 4,491.00 4,491.00
12/15/2025 Coupon 34535VAD6 120,000.00 FORDO 2024-D A3 4.61 08/15/2029 461.00 461.00 12/15/2025 Coupon 47800DAD6 100,000.00 JDOT 2025 A3 4.23 09/17/2029 352.50 352.50 12/15/2025 Coupon 47800RAD5 200,000.00 JDOT 2024 A3 4.96 11/15/2028 826.67 826.67 12/15/2025 Coupon 58773DAD6 115,000.00 MBART 2025-1 A3 4.78 12/17/2029 458.08 458.08 12/15/2025 Coupon 891940AC2 101,948.56 TAOT 2023-A A3 4.63 09/15/2027 218.74 218.74 12/15/2025 Principal Paydown 891940AC2 101,948.56 TAOT 2023-A A3 4.63 09/15/2027 6,438.08 6,438.08 12/15/2025 Coupon 89231HAD8 65,000.00 TAOT 2025-B A3 4.34 11/15/2029 235.08 235.08 12/15/2025 Coupon 89239TAD4 60,000.00 TAOT 2024-D A3 4.4 06/15/2029 220.00 220.00 12/15/2025 Coupon 91282CHH7 375,000.00 UNITED STATES TREASURY 4.125 06/15/2026 7,734.38 7,734.38 12/15/2025 Coupon 92970QAE5 110,000.00 WFCIT 2024-2 A 4.29 10/15/2029 393.25 393.25 12/16/2025 Coupon 362955AD8 80,000.00 GMCAR 2025-1 A3 4.62 12/17/2029 308.00 308.00 12/16/2025 Coupon 38014AAD3 60,000.00 GMCAR 2024-4 A3 4.4 08/16/2029 220.00 220.00 12/22/2025 Coupon 3133ENZC7 1,000,000.00 FEDERAL FARM CREDIT BANKS FUNDING CORP

4.12 06/22/2026 20,600.00 20,600.00
12/22/2025 Coupon 362962AD4 95,000.00 GMALT 2025-2 A3 4.58 05/20/2028 379.21 379.21 12/25/2025 Coupon 096919AD7 400,000.00 BMWOT 2024-A A3 5.18 02/26/2029 1,726.67 1,726.67 12/25/2025 Coupon 3137BSRE5 250,000.00 FHMS K-059 A2 3.12 09/25/2026 647.30 647.30 12/25/2025 Principal Paydown 3137BSRE5 250,000.00 FHMS K-059 A2 3.12 09/25/2026 534.58 534.58 12/25/2025 Coupon 3137FJEH8 250,000.00 FHMS K-081 A2 3.9 08/25/2028 812.50 812.50 12/25/2025 Coupon 3137FKSH0 150,000.00 FHMS K-086 A2 3.859 11/25/2028 482.38 482.38 12/25/2025 Coupon 3137FLN91 300,000.00 FHMS K-091 A2 3.505 03/25/2029 876.25 876.25 12/25/2025 Coupon 3137FMCR1 148,140.63 FHMS K-093 A2 2.982 05/25/2029 367.96 367.96 12/25/2025 Principal Paydown 3137FMCR1 148,140.63 FHMS K-093 A2 2.982 05/25/2029 177.12 177.12 12/25/2025 Coupon 3137FNAE0 250,000.00 FHMS K-095 A2 2.785 06/25/2029 580.21 580.21 12/25/2025 Coupon 3137FPHK4 300,000.00 FHMS K-098 A2 2.425 08/25/2029 606.25 606.25

5.b
Packet Pg. 52
Attachment: Chandler BNY Investment statement- 5.31.25 (Monthly Investment Transactions Report May CONFIDENTIAL | 30
City of Campbell | Account #11214 | As of May 31, 2025
Execution Time: 06/03/2025 09:17:33 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 12/25/2025 Coupon 3137FRUJ8 275,000.00 FHMS K-105 A2 1.872 01/25/2030 429.00 429.00 12/26/2025 Coupon 437076DB5 225,000.00 HOME DEPOT INC 4.875 06/25/2027 5,484.38 5,484.38 12/31/2025 Coupon 91282CEV9 350,000.00 UNITED STATES TREASURY 3.25 06/30/2029 5,687.50 5,687.50 12/31/2025 Coupon 91282CHK0 350,000.00 UNITED STATES TREASURY 4.0 06/30/2028 7,000.00 7,000.00 12/31/2025 Coupon 91282CMD0 400,000.00 UNITED STATES TREASURY 4.375 12/31/2029 8,750.00 8,750.00 December 2025
Total 7,149.78 85,435.87 92,585.65
JANUARY 2026
01/09/2026 Coupon 02665WFK2 200,000.00 AMERICAN HONDA FINANCE CORP 4.9 07/09/2027 4,900.00 4,900.00
01/09/2026 Coupon 89236TNA9 170,000.00 TOYOTA MOTOR CREDIT CORP 4.95 01/09/2030 4,207.50 4,207.50 01/12/2026 Coupon 3133ENZY9 1,000,000.00 FEDERAL FARM CREDIT BANKS FUNDING CORP

3.96 07/12/2027 19,800.00 19,800.00
01/15/2026 Coupon 02582JKP4 170,000.00 AMXCA 2025-2 A 4.28 04/15/2030 606.33 606.33 01/15/2026 Coupon 02589BAE0 200,000.00 AMXCA 2024-3 A 4.65 07/15/2027 775.00 775.00 01/15/2026 Coupon 34535VAD6 120,000.00 FORDO 2024-D A3 4.61 08/15/2029 461.00 461.00 01/15/2026 Coupon 47800DAD6 100,000.00 JDOT 2025 A3 4.23 09/17/2029 352.50 352.50 01/15/2026 Coupon 47800RAD5 200,000.00 JDOT 2024 A3 4.96 11/15/2028 826.67 826.67 01/15/2026 Principal Paydown 47800RAD5 200,000.00 JDOT 2024 A3 4.96 11/15/2028 15,968.93 15,968.93 01/15/2026 Coupon 58773DAD6 115,000.00 MBART 2025-1 A3 4.78 12/17/2029 458.08 458.08 01/15/2026 Coupon 891940AC2 101,948.56 TAOT 2023-A A3 4.63 09/15/2027 193.90 193.90 01/15/2026 Principal Paydown 891940AC2 101,948.56 TAOT 2023-A A3 4.63 09/15/2027 5,801.33 5,801.33 01/15/2026 Coupon 89231HAD8 65,000.00 TAOT 2025-B A3 4.34 11/15/2029 235.08 235.08 01/15/2026 Coupon 89239TAD4 60,000.00 TAOT 2024-D A3 4.4 06/15/2029 220.00 220.00 01/15/2026 Coupon 91282CKZ3 375,000.00 UNITED STATES TREASURY 4.375 07/15/2027 8,203.13 8,203.13 01/15/2026 Coupon 92970QAE5 110,000.00 WFCIT 2024-2 A 4.29 10/15/2029 393.25 393.25 01/16/2026 Coupon 362955AD8 80,000.00 GMCAR 2025-1 A3 4.62 12/17/2029 308.00 308.00 01/16/2026 Coupon 38014AAD3 60,000.00 GMCAR 2024-4 A3 4.4 08/16/2029 220.00 220.00 01/20/2026 Coupon 362962AD4 95,000.00 GMALT 2025-2 A3 4.58 05/20/2028 379.21 379.21 01/26/2026 Coupon 06051GMK2 150,000.00 BANK OF AMERICA CORP 4.979 01/24/2029 3,734.25 3,734.25 01/26/2026 Coupon 096919AD7 400,000.00 BMWOT 2024-A A3 5.18 02/26/2029 1,726.67 1,726.67 01/26/2026 Principal Paydown 096919AD7 400,000.00 BMWOT 2024-A A3 5.18 02/26/2029 2,508.73 2,508.73

5.b
Packet Pg. 53
Attachment: Chandler BNY Investment statement- 5.31.25 (Monthly Investment Transactions Report May CONFIDENTIAL | 31
City of Campbell | Account #11214 | As of May 31, 2025
Execution Time: 06/03/2025 09:17:33 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 01/26/2026 Coupon 3137BSRE5 250,000.00 FHMS K-059 A2 3.12 09/25/2026 645.91 645.91 01/26/2026 Principal Paydown 3137BSRE5 250,000.00 FHMS K-059 A2 3.12 09/25/2026 10,266.14 10,266.14 01/26/2026 Coupon 3137FJEH8 250,000.00 FHMS K-081 A2 3.9 08/25/2028 812.50 812.50 01/26/2026 Coupon 3137FKSH0 150,000.00 FHMS K-086 A2 3.859 11/25/2028 482.38 482.38 01/26/2026 Coupon 3137FLN91 300,000.00 FHMS K-091 A2 3.505 03/25/2029 876.25 876.25 01/26/2026 Coupon 3137FMCR1 148,140.63 FHMS K-093 A2 2.982 05/25/2029 367.52 367.52 01/26/2026 Principal Paydown 3137FMCR1 148,140.63 FHMS K-093 A2 2.982 05/25/2029 163.97 163.97 01/26/2026 Coupon 3137FNAE0 250,000.00 FHMS K-095 A2 2.785 06/25/2029 580.21 580.21 01/26/2026 Coupon 3137FPHK4 300,000.00 FHMS K-098 A2 2.425 08/25/2029 606.25 606.25 01/26/2026 Coupon 3137FRUJ8 275,000.00 FHMS K-105 A2 1.872 01/25/2030 429.00 429.00 01/26/2026 Coupon 46647PDG8 150,000.00 JPMORGAN CHASE & CO 4.851 07/25/2028 3,638.25 3,638.25 01/26/2026 Coupon 46647PEU6 115,000.00 JPMORGAN CHASE & CO 4.915 01/24/2029 2,826.13 2,826.13 01/27/2026 Coupon 06368MJG0 100,000.00 BANK OF MONTREAL 5.004 01/27/2029 2,502.00 2,502.00 January 2026 Total 34,709.09 61,766.95 96,476.04
FEBRUARY 2026
02/02/2026 Coupon 13063EGT7 205,000.00 CALIFORNIA STATE 4.5 08/01/2029 4,612.50 4,612.50 02/02/2026 Coupon 89115A3E0 225,000.00 TORONTO-DOMINION BANK 4.861 01/31/2028 5,468.63 5,468.63 02/02/2026 Coupon 91159HJK7 200,000.00 US BANCORP 4.653 02/01/2029 4,653.00 4,653.00 02/02/2026 Coupon 91282CLC3 350,000.00 UNITED STATES TREASURY 4.0 07/31/2029 7,000.00 7,000.00 02/09/2026 Coupon 63743HFX5 250,000.00 NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORP 4.95 02/07/2030 6,187.50 6,187.50
02/09/2026 Coupon 89236TMK8 225,000.00 TOYOTA MOTOR CREDIT CORP 4.55 08/09/2029 5,118.75 5,118.75 02/16/2026 Coupon 34535VAD6 120,000.00 FORDO 2024-D A3 4.61 08/15/2029 461.00 461.00 02/16/2026 Coupon 362955AD8 80,000.00 GMCAR 2025-1 A3 4.62 12/17/2029 308.00 308.00 02/16/2026 Coupon 38014AAD3 60,000.00 GMCAR 2024-4 A3 4.4 08/16/2029 220.00 220.00 02/16/2026 Coupon 47800DAD6 100,000.00 JDOT 2025 A3 4.23 09/17/2029 352.50 352.50 02/16/2026 Coupon 47800RAD5 200,000.00 JDOT 2024 A3 4.96 11/15/2028 760.66 760.66 02/16/2026 Principal Paydown 47800RAD5 200,000.00 JDOT 2024 A3 4.96 11/15/2028 12,054.06 12,054.06 02/16/2026 Coupon 58773DAD6 115,000.00 MBART 2025-1 A3 4.78 12/17/2029 458.08 458.08 02/16/2026 Coupon 891940AC2 101,948.56 TAOT 2023-A A3 4.63 09/15/2027 171.51 171.51 02/16/2026 Principal Paydown 891940AC2 101,948.56 TAOT 2023-A A3 4.63 09/15/2027 5,726.17 5,726.17 02/16/2026 Coupon 89231HAD8 65,000.00 TAOT 2025-B A3 4.34 11/15/2029 235.08 235.08

5.b
Packet Pg. 54
Attachment: Chandler BNY Investment statement- 5.31.25 (Monthly Investment Transactions Report May CONFIDENTIAL | 32
City of Campbell | Account #11214 | As of May 31, 2025
Execution Time: 06/03/2025 09:17:33 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 02/16/2026 Coupon 89239TAD4 60,000.00 TAOT 2024-D A3 4.4 06/15/2029 220.00 220.00 02/17/2026 Coupon 02582JKP4 170,000.00 AMXCA 2025-2 A 4.28 04/15/2030 606.33 606.33 02/17/2026 Coupon 02589BAE0 200,000.00 AMXCA 2024-3 A 4.65 07/15/2027 775.00 775.00 02/17/2026 Coupon 26442CAY0 250,000.00 DUKE ENERGY CAROLINAS LLC 2.45 08/15/2029 3,062.50 3,062.50
02/17/2026 Coupon 532457CQ9 235,000.00 ELI LILLY AND CO 4.2 08/14/2029 4,935.00 4,935.00 02/17/2026 Coupon 92970QAE5 110,000.00 WFCIT 2024-2 A 4.29 10/15/2029 393.25 393.25 02/20/2026 Coupon 362962AD4 95,000.00 GMALT 2025-2 A3 4.58 05/20/2028 379.21 379.21 02/24/2026 Coupon 17275RBW1 250,000.00 CISCO SYSTEMS INC 4.55 02/24/2028 5,687.50 5,687.50 02/25/2026 Coupon 096919AD7 400,000.00 BMWOT 2024-A A3 5.18 02/26/2029 1,715.84 1,715.84 02/25/2026 Principal Paydown 096919AD7 400,000.00 BMWOT 2024-A A3 5.18 02/26/2029 22,206.35 22,206.35 02/25/2026 Coupon 3137BSRE5 250,000.00 FHMS K-059 A2 3.12 09/25/2026 619.22 619.22 02/25/2026 Principal Paydown 3137BSRE5 250,000.00 FHMS K-059 A2 3.12 09/25/2026 2,104.01 2,104.01 02/25/2026 Coupon 3137FJEH8 250,000.00 FHMS K-081 A2 3.9 08/25/2028 812.50 812.50 02/25/2026 Coupon 3137FKSH0 150,000.00 FHMS K-086 A2 3.859 11/25/2028 482.38 482.38 02/25/2026 Coupon 3137FLN91 300,000.00 FHMS K-091 A2 3.505 03/25/2029 876.25 876.25 02/25/2026 Coupon 3137FMCR1 148,140.63 FHMS K-093 A2 2.982 05/25/2029 367.11 367.11 02/25/2026 Principal Paydown 3137FMCR1 148,140.63 FHMS K-093 A2 2.982 05/25/2029 164.45 164.45 02/25/2026 Coupon 3137FNAE0 250,000.00 FHMS K-095 A2 2.785 06/25/2029 580.21 580.21 02/25/2026 Coupon 3137FPHK4 300,000.00 FHMS K-098 A2 2.425 08/25/2029 606.25 606.25 02/25/2026 Coupon 3137FRUJ8 275,000.00 FHMS K-105 A2 1.872 01/25/2030 429.00 429.00 February 2026
Total 42,255.03 58,554.76 100,809.79
MARCH 2026
03/02/2026 Coupon 91282CGP0 375,000.00 UNITED STATES TREASURY 4.0 02/29/2028 7,500.00 7,500.00 03/02/2026 Coupon 91282CKD2 375,000.00 UNITED STATES TREASURY 4.25 02/28/2029 7,968.75 7,968.75 03/02/2026 Coupon 91282CLK5 400,000.00 UNITED STATES TREASURY 3.625 08/31/2029 7,250.00 7,250.00 03/16/2026 Coupon 00287YDY2 125,000.00 ABBVIE INC 4.65 03/15/2028 2,906.25 2,906.25 03/16/2026 Coupon 02582JKP4 170,000.00 AMXCA 2025-2 A 4.28 04/15/2030 606.33 606.33 03/16/2026 Coupon 02589BAE0 200,000.00 AMXCA 2024-3 A 4.65 07/15/2027 775.00 775.00 03/16/2026 Coupon 34535VAD6 120,000.00 FORDO 2024-D A3 4.61 08/15/2029 461.00 461.00 03/16/2026 Coupon 362955AD8 80,000.00 GMCAR 2025-1 A3 4.62 12/17/2029 308.00 308.00

5.b
Packet Pg. 55
Attachment: Chandler BNY Investment statement- 5.31.25 (Monthly Investment Transactions Report May CONFIDENTIAL | 33
City of Campbell | Account #11214 | As of May 31, 2025
Execution Time: 06/03/2025 09:17:33 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 03/16/2026 Coupon 38014AAD3 60,000.00 GMCAR 2024-4 A3 4.4 08/16/2029 220.00 220.00 03/16/2026 Coupon 47800DAD6 100,000.00 JDOT 2025 A3 4.23 09/17/2029 352.50 352.50 03/16/2026 Coupon 47800RAD5 200,000.00 JDOT 2024 A3 4.96 11/15/2028 710.84 710.84 03/16/2026 Principal Paydown 47800RAD5 200,000.00 JDOT 2024 A3 4.96 11/15/2028 8,417.61 8,417.61 03/16/2026 Coupon 571748CA8 250,000.00 MARSH & MCLENNAN COMPANIES INC 4.65 03/15/2030 5,812.50 5,812.50
03/16/2026 Coupon 58773DAD6 115,000.00 MBART 2025-1 A3 4.78 12/17/2029 458.08 458.08 03/16/2026 Coupon 891940AC2 101,948.56 TAOT 2023-A A3 4.63 09/15/2027 149.42 149.42 03/16/2026 Principal Paydown 891940AC2 101,948.56 TAOT 2023-A A3 4.63 09/15/2027 5,570.17 5,570.17 03/16/2026 Coupon 89231HAD8 65,000.00 TAOT 2025-B A3 4.34 11/15/2029 235.08 235.08 03/16/2026 Coupon 89239TAD4 60,000.00 TAOT 2024-D A3 4.4 06/15/2029 220.00 220.00 03/16/2026 Coupon 91282CGR6 350,000.00 UNITED STATES TREASURY 4.625 03/15/2026 8,093.75 8,093.75 03/16/2026 Final Maturity 91282CGR6 350,000.00 UNITED STATES TREASURY 4.625 03/15/2026 350,000.00 350,000.00 03/16/2026 Coupon 91282CKE0 350,000.00 UNITED STATES TREASURY 4.25 03/15/2027 7,437.50 7,437.50 03/16/2026 Coupon 92970QAE5 110,000.00 WFCIT 2024-2 A 4.29 10/15/2029 393.25 393.25 03/20/2026 Coupon 362962AD4 95,000.00 GMALT 2025-2 A3 4.58 05/20/2028 379.21 379.21 03/20/2026 Coupon 459058LR2 125,000.00 INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPM 4.125 03/20/2030 2,578.13 2,578.13
03/25/2026 Coupon 096919AD7 400,000.00 BMWOT 2024-A A3 5.18 02/26/2029 1,619.98 1,619.98 03/25/2026 Principal Paydown 096919AD7 400,000.00 BMWOT 2024-A A3 5.18 02/26/2029 21,520.46 21,520.46 03/25/2026 Coupon 3137BSRE5 250,000.00 FHMS K-059 A2 3.12 09/25/2026 613.75 613.75 03/25/2026 Principal Paydown 3137BSRE5 250,000.00 FHMS K-059 A2 3.12 09/25/2026 18,524.36 18,524.36 03/25/2026 Coupon 3137FJEH8 250,000.00 FHMS K-081 A2 3.9 08/25/2028 812.50 812.50 03/25/2026 Coupon 3137FKSH0 150,000.00 FHMS K-086 A2 3.859 11/25/2028 482.38 482.38 03/25/2026 Coupon 3137FLN91 300,000.00 FHMS K-091 A2 3.505 03/25/2029 876.25 876.25 03/25/2026 Coupon 3137FMCR1 148,140.63 FHMS K-093 A2 2.982 05/25/2029 366.70 366.70 03/25/2026 Principal Paydown 3137FMCR1 148,140.63 FHMS K-093 A2 2.982 05/25/2029 205.69 205.69 03/25/2026 Coupon 3137FNAE0 250,000.00 FHMS K-095 A2 2.785 06/25/2029 580.21 580.21 03/25/2026 Coupon 3137FPHK4 300,000.00 FHMS K-098 A2 2.425 08/25/2029 606.25 606.25 03/25/2026 Coupon 3137FRUJ8 275,000.00 FHMS K-105 A2 1.872 01/25/2030 429.00 429.00 03/31/2026 Coupon 91282CFM8 350,000.00 UNITED STATES TREASURY 4.125 09/30/2027 7,218.75 7,218.75 03/31/2026 Coupon 91282CKG5 350,000.00 UNITED STATES TREASURY 4.125 03/31/2029 7,218.75 7,218.75

5.b
Packet Pg. 56
Attachment: Chandler BNY Investment statement- 5.31.25 (Monthly Investment Transactions Report May CONFIDENTIAL | 34
City of Campbell | Account #11214 | As of May 31, 2025
Execution Time: 06/03/2025 09:17:33 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 03/31/2026 Coupon 91282CLN9 400,000.00 UNITED STATES TREASURY 3.5 09/30/2029 7,000.00 7,000.00 03/31/2026 Coupon 91282CMU2 300,000.00 UNITED STATES TREASURY 4.0 03/31/2030 6,000.00 6,000.00 March 2026 Total 404,238.29 88,640.10 492,878.39
APRIL 2026
04/15/2026 Coupon 02582JKP4 170,000.00 AMXCA 2025-2 A 4.28 04/15/2030 606.33 606.33 04/15/2026 Coupon 02589BAE0 200,000.00 AMXCA 2024-3 A 4.65 07/15/2027 775.00 775.00 04/15/2026 Coupon 34535VAD6 120,000.00 FORDO 2024-D A3 4.61 08/15/2029 461.00 461.00 04/15/2026 Coupon 47800DAD6 100,000.00 JDOT 2025 A3 4.23 09/17/2029 352.50 352.50 04/15/2026 Coupon 47800RAD5 200,000.00 JDOT 2024 A3 4.96 11/15/2028 676.05 676.05 04/15/2026 Principal Paydown 47800RAD5 200,000.00 JDOT 2024 A3 4.96 11/15/2028 10,426.53 10,426.53 04/15/2026 Coupon 58773DAD6 115,000.00 MBART 2025-1 A3 4.78 12/17/2029 458.08 458.08 04/15/2026 Coupon 891940AC2 101,948.56 TAOT 2023-A A3 4.63 09/15/2027 127.93 127.93 04/15/2026 Principal Paydown 891940AC2 101,948.56 TAOT 2023-A A3 4.63 09/15/2027 5,724.99 5,724.99 04/15/2026 Coupon 89231HAD8 65,000.00 TAOT 2025-B A3 4.34 11/15/2029 235.08 235.08 04/15/2026 Coupon 89239TAD4 60,000.00 TAOT 2024-D A3 4.4 06/15/2029 220.00 220.00 04/15/2026 Coupon 91282CJC6 375,000.00 UNITED STATES TREASURY 4.625 10/15/2026 8,671.88 8,671.88 04/15/2026 Coupon 91324PEY4 240,000.00 UNITEDHEALTH GROUP INC 4.6 04/15/2027 5,520.00 5,520.00 04/15/2026 Coupon 92970QAE5 110,000.00 WFCIT 2024-2 A 4.29 10/15/2029 393.25 393.25 04/16/2026 Coupon 362955AD8 80,000.00 GMCAR 2025-1 A3 4.62 12/17/2029 308.00 308.00 04/16/2026 Coupon 38014AAD3 60,000.00 GMCAR 2024-4 A3 4.4 08/16/2029 220.00 220.00 04/16/2026 Coupon 459058LN1 350,000.00 INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPM 3.875 10/16/2029 6,781.25 6,781.25
04/20/2026 Coupon 362962AD4 95,000.00 GMALT 2025-2 A3 4.58 05/20/2028 379.21 379.21 04/20/2026 Coupon 78017FZQ9 250,000.00 ROYAL BANK OF CANADA 4.51 10/18/2027 5,637.50 5,637.50 04/22/2026 Coupon 857477CP6 250,000.00 STATE STREET CORP 4.33 10/22/2027 5,412.50 5,412.50 04/27/2026 Coupon 06051GLG2 150,000.00 BANK OF AMERICA CORP 5.202 04/25/2029 3,901.50 3,901.50 04/27/2026 Coupon 096919AD7 400,000.00 BMWOT 2024-A A3 5.18 02/26/2029 1,527.08 1,527.08 04/27/2026 Principal Paydown 096919AD7 400,000.00 BMWOT 2024-A A3 5.18 02/26/2029 21,639.13 21,639.13 04/27/2026 Coupon 3137BSRE5 250,000.00 FHMS K-059 A2 3.12 09/25/2026 565.58 565.58 04/27/2026 Principal Paydown 3137BSRE5 250,000.00 FHMS K-059 A2 3.12 09/25/2026 450.15 450.15 04/27/2026 Coupon 3137FJEH8 250,000.00 FHMS K-081 A2 3.9 08/25/2028 812.50 812.50 04/27/2026 Coupon 3137FKSH0 150,000.00 FHMS K-086 A2 3.859 11/25/2028 482.38 482.38

5.b
Packet Pg. 57
Attachment: Chandler BNY Investment statement- 5.31.25 (Monthly Investment Transactions Report May CONFIDENTIAL | 35
City of Campbell | Account #11214 | As of May 31, 2025
Execution Time: 06/03/2025 09:17:33 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 04/27/2026 Coupon 3137FLN91 300,000.00 FHMS K-091 A2 3.505 03/25/2029 876.25 876.25 04/27/2026 Coupon 3137FMCR1 148,140.63 FHMS K-093 A2 2.982 05/25/2029 366.19 366.19 04/27/2026 Principal Paydown 3137FMCR1 148,140.63 FHMS K-093 A2 2.982 05/25/2029 165.57 165.57 04/27/2026 Coupon 3137FNAE0 250,000.00 FHMS K-095 A2 2.785 06/25/2029 580.21 580.21 04/27/2026 Coupon 3137FPHK4 300,000.00 FHMS K-098 A2 2.425 08/25/2029 606.25 606.25 04/27/2026 Coupon 3137FRUJ8 275,000.00 FHMS K-105 A2 1.872 01/25/2030 429.00 429.00 04/28/2026 Coupon 931142FN8 185,000.00 WALMART INC 4.35 04/28/2030 4,023.75 4,023.75 04/30/2026 Coupon 91282CJF9 375,000.00 UNITED STATES TREASURY 4.875 10/31/2028 9,140.63 9,140.63 04/30/2026 Coupon 91282CKP5 375,000.00 UNITED STATES TREASURY 4.625 04/30/2029 8,671.88 8,671.88 04/30/2026 Coupon 91282CLR0 400,000.00 UNITED STATES TREASURY 4.125 10/31/2029 8,250.00 8,250.00 April 2026 Total 38,406.38 77,468.75 115,875.12
Grand Total 81,597,113.64 2,075,295.71 766,476.13 2,841,771.84

5.b
Packet Pg. 58
Attachment: Chandler BNY Investment statement- 5.31.25 (Monthly Investment Transactions Report May CONFIDENTIAL | 36
City of Campbell | Account #11214 | As of May 31, 2025
Execution Time: 06/03/2025 09:17:33 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

IMPORTANT DISCLOSURES
Chandler Asset Management, Inc. (“Chandler”) is 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 client’s 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 Moody’s, 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 (“MBS”) reflect 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 high rating by S&P , Moody’s and Fitch respectively.

5.b
Packet Pg. 59
Attachment: Chandler BNY Investment statement- 5.31.25 (Monthly Investment Transactions Report May CONFIDENTIAL | 37
City of Campbell | Account #11214 | As of May 31, 2025
Execution Time: 06/03/2025 09:17:33 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

BENCHMARK INDEX & DISCLOSURES
Benchmark Disclosure
ICE BofA 1-5 Yr US Treasury & Agency
Index
The ICE BofA 1-5 Year US Treasury & Agency Index tracks the performance of US dollar denominated US Treasury and nonsubordinated US agency debt issued in the US domestic market. Qualifying securities must have an investment grade rating (based on an average of Moody’s, S&P and Fitch). Qualifying securities must have at least one year remaining term to final maturity and less than five years remaining term to final maturity, at least 18 months to maturity at time of issuance, a fixed coupon schedule, and a minimum amount outstanding of $1 billion for sovereigns and $250 million for agencies.

5.b
Packet Pg. 60
Attachment: Chandler BNY Investment statement- 5.31.25 (Monthly Investment Transactions Report May

City
Council
Report

TITLE: Monthly Treasurer's Report (May 2025)

RECOMMENDED ACTION

That the City Council review and accept the Monthly Treasurer’s Report for the month ended May 31, 2025.

BACKGROUND

California government code section 41004 requires that the City Treasurer submits to the City Clerk and the legislative body a written report and accounting of all receipts, disbursements, and fund balances. The City of Campbell’s Finance Director has the responsibility of City Treasurer. This report has been prepared to fulfill this requirement.

This report provides financial transaction data for the City of Campbell’s Funds collectively, including the City’s General (Operating) Fund.

DISCUSSION

This Monthly Treasurer’s Report details and summarizes receipts, disbursements, and fund balances for the month ended May 31, 2025. As shown in Attachment A, the City recognized $7.5 million in revenues and incurred $ 9 million in expenditures in total, for all City funds along with $53,000 of negative prior period adjustments. The City’s overall ending fund balance for May 2025 is $68.8 million, a decrease of $1.5 million from the April 2025 total of $70.3 million.

For the month of May 2025, the City’s General Fund recognized $ 6.8 million in revenues and incurred $ 5.8 million in expenditures along with $94,000 in negative prior period adjustments . The City’s ending General Fund balance for May 2025 is $ 18.8 million, an increase of $1 million from the April 2025 total of $17.9 million.

FISCAL IMPACT

There is no fiscal impact associated with the review and acceptance of the Monthly Treasurer’s Report.

Item: 6
Category: CONSENT CALENDAR
Meeting Date: July 1, 2025
6 Packet Pg. 61
Monthly Treasurer's Report (May 2025) Page 2 of 2

Prepared by:

Carolina Vargas, Accountant

Approved by:

Brian Loventhal, City Manager

Attachment:
a. 2025.05 Fund Balance Report
6 Packet Pg. 62
City of Campbell
Changes in Total Fund Balance
For the month ended May 31, 2025
Fund Balance
as of
04/30/2025
Prior Month
Adjustment
Current
Revenue
Current
Expenditure
Fund Balance
as of
05/31/2025
General Fund
Nonspendable Fund Balance
Leases 199,081.00$ -$ -$ -$ 199,081.00$ Committed Fund Balance
General Plan Update - - - - - Compensated Absences 970,698.00 - - - 970,698.00 Liability insurance 157,936.00 - - - 157,936.00 Available Capital Improvement Reserve 212,351.00 - - - 212,351.00 Committed Capital Improvement Reserve 1,240,899.00 - - - 1,240,899.00 Community Center Facility 149,706.00 - - - 149,706.00 Heritage Theater 180,344.00 - - - 180,344.00 Historic Preservation 5,000.00 - - - 5,000.00 Assigned Fund Balance
Capital Projects (Construction Tax) 138,406.00 - - - 138,406.00 Unemployment insurance 90,000.00 - - - 90,000.00 PERS 2,252,000.00 - - - 2,252,000.00 OPEB 393,315.00 - - - 393,315.00 Encumbrances 917,512.00 - - - 917,512.00 Unassigned Fund Balance
Unassigned (2,108,572.40) (94,466.67) 6,826,955.71 (5,765,692.79) (1,141,776.15) City Council Reserve 362,624.00 - - - 362,624.00 Economic fluctuations 9,485,886.00 - - - 9,485,886.00 Emergency 3,207,454.00 - - - 3,207,454.00 General Fund Total 17,854,639.60 (94,466.67) 6,826,955.71 (5,765,692.79) 18,821,435.85 Special Revenue
Vehicle Impact 2,682,365.94 - 60,473.25 - 2,742,839.19 Gas Tax 2,392,320.97 - 150,174.35 (106,543.91) 2,435,951.41 Asset Forfeiture 152,929.43 - 10.57 - 152,940.00 Lighting & Landscape District 1,061,739.22 - 14,318.33 (405,653.23) 670,404.32 Housing & Community Development 345.85 - - - 345.85 Environmental Services 1,074,267.20 - 22,741.50 (1,748.60) 1,095,260.10 Supplemental Law Enforcement 88,003.73 - - (12,277.36) 75,726.37 State & Other Grants (766,876.48) - - - (766,876.48) TDA Grant 379,000.72 - - - 379,000.72 Federal Grants 691,145.03 - - - 691,145.03 ARPA Fund 185,956.58 - - - 185,956.58 Housing Assistance 8,037,587.48 - - (62,396.29) 7,975,191.19 Community Restitution Fund 182,249.47 - 7,090.00 - 189,339.47 Community Facilities District #1 (26,987.87) - - - (26,987.87) Community Facilities District #2 235,779.72 - - (543.76) 235,235.96 Parkland Dedication 6,407,575.73 - 32,440.00 - 6,440,015.73 Recreation - Private Grants 6,511.21 - - 6,511.21 Adult Center 18,037.31 - - - 18,037.31 Special Revenue Fund Total 22,801,951.24 - 287,248.00 (589,163.15) 22,500,036.09 Debt Service
Measure O 727,619.59 - 10,136.04 - 737,755.63 LID #30 34,956.79 - - - 34,956.79 2016 Refunding Lease Revenue Bond (145,421.20) (5.39) 5.39 - (145,421.20) Debt Service Fund Total 617,155.18 (5.39) 10,141.43 - 627,291.22 Internal Service Fund
Motor Vehicle Pool 1,054,841.21 - 103,233.67 (75,339.40) 1,082,735.48 Information Technology Pool (330,867.92) - 96,832.65 (175,117.11) (409,152.38) Worker's Compensation 1,665,655.57 - 54,173.98 (30,272.86) 1,689,556.69 Internal Service Fund Total 2,389,628.86 - 254,240.30 (280,729.37) 2,363,139.79 Trust/Agency
Successor Agency 2,793,464.09 (2.32) 2.32 - 2,793,464.09 West Valley Solid Waste JPA 1,020,020.21 - 127,825.69 (43,422.58) 1,104,423.32 SCC Specialized Enforcement Team - - - - - Trust/Agency Fund Total 3,813,484.30 (2.32) 127,828.01 (43,422.58) 3,897,887.41 Capital Project
Capital Projects Fund (1,466,905.73) 41,795.26 - (401,192.38) (1,826,302.85) Measure O CIP Fund 24,309,253.63 0.07 - (1,892,683.60) 22,416,570.10 Capital Project Fund Total 22,842,347.90 41,795.33 - (2,293,875.98) 20,590,267.25 Total City 70,319,207.08$ (52,679.05)$ 7,506,413.45$ (8,972,883.87)$ 68,800,057.61$ Fund Description

6.a
Packet Pg. 63
Attachment: 2025.05 Fund Balance Report (Monthly Treasurer's Report (May 2025)) City
Council
Report
TITLE: Adopt the Fiscal Year 2026 Classification and Salary Schedule (Resolution/Roll Call Vote)

RECOMMENDED ACTION
Adopt a resolution adopting the classification and salary schedule for Fiscal Year 2025 - 2026.

BACKGROUND
On June 17, 2025, the City Council of the City of Campbell adopted Resolution # 13305 to approve the Fiscal Year (FY) 2026 Operating Budget.

Included in the approved Operating Budget were four new classifications: Crime Analyst, Environmental Programs Coordinator, Executive Assistant to the Police Chief, and Senior IT Administrator.

Government Code Sections 20636 and 7522.34 and California Code of Regulations Sections 570.5 and 571.1 require that the City’s pay rates be reported pursuant to a publicly available pay schedule that has been duly approved and adopted by the employer, in accordance with applicable public meeting laws.

DISCUSSION
In the Fiscal Year 2026 Operating Budget, the following reclassifications were approved that resulted in new classifications being created:
• One (1) full-time equivalent (FTE) Police Records Specialist to Crime Analyst • One (1) FTE Environmental Programs Specialist to Environmental Programs Coordinator in the Public Works Department
• One (1) FTE Executive Assistant to Executive Assistant to the Police Chief • One (1) FTE IT Administrator to Senior IT Administrator The Police Records Specialist position is part of the Campbell Police Civilian Employees Association (CPCEA) bargaining unit, and the Crime Analyst position will also be a part of CPCEA.

Item: 7
Category: CONSENT CALENDAR
Meeting Date: July 1, 2025
7 Packet Pg. 64
Adopt the Classification and Salary Plan Page 2 of 3
The Environmental Programs Specialist, Executive Assistant, and IT Administrator are within the Campbell Municipal Employees Association (CMEA) and the Environmental Programs Coordinator, Executive Assistant to the Police Chief, and Senior IT Administrator will also be a part of CMEA.

The following reflects proposed salary ranges for these new classifications starting in FY 2026 and is in alignment with salary ranges assumed in the FY 2026 Adopted Budget:

Classification STEP RANGES
Step 1 Step 2 Step 3 Step 4 Step 5
Crime Analyst
Hourly 45.14 47.40 49.77 52.25 54.87 Bi-Weekly 3,611.20 3,792.00 3,981.60 4,180.00 4,389.60 Monthly 7,824.27 8,216.00 8,626.80 9,056.67 9,510.80 Annual 93,891.20 98,592.00 103,521.60 108,680.00 114,129.60

Environmental
Programs
Coordinator

Hourly 58.32 61.27 64.31 67.49 70.94 Bi-Weekly 4,665.60 4,901.60 5,144.80 5,399.20 5,675.20 Monthly 10,108.80 10,620.13 11,147.07 11,698.27 12,296.27 Annual 121,305.60 127,441.60 133,764.80 140,379.20 147,555.20

Executive
Assistant to the
Police Chief

Hourly 51.71 54.24 56.99 59.84 62.83 Bi-Weekly 4,136.80 4,339.20 4,559.20 4,787.20 5,026.40 Monthly 8,963.07 9,401.60 9,878.27 10,372.27 10,890.53 Annual 107,556.80 112,819.20 118,539.20 124,467.20 130,686.40

Senior IT
Administrator

Hourly 76.63 80.46 84.48 88.71 93.14 Bi-Weekly 6,130.40 6,436.80 6,758.40 7,096.80 7,451.20 Monthly 13,282.53 13,946.40 14,643.20 15,376.40 16,144.27 Annual 159,390.40 167,356.80 175,718.40 184,516.80 193,731.20

Exhibit A to this report is the classification and salary schedule, effective July 1, 2025, which includes the addition of these four new classifications.

FISCAL IMPACT

The fiscal impacts of adding the new classifications at approximately $61,800 as detailed below were included in the Fiscal Year 2026 Operating Budget and no further budgetary adjustments are necessary or requested at this time:

• Police Records Specialist to Crime Analyst - $10,300 • Environ. Programs Specialist to Environ. Programs Coordinator - $29,900 7 Packet Pg. 65
Adopt the Classification and Salary Plan Page 3 of 3
• Executive Assistant to Executive Assistant to the Police Chief - $6,800 • IT Administrator to Senior IT Administrator - $14,800 TOTAL: $61,800

ALTERNATIVES

1. Do not approve the resolution and provide staff additional feedback.

2. Direct staff to take other action.

Prepared by:

Ada Chang, Human Resources Manager

Approved by:

Brian Loventhal, City Manager

Attachment:
a. Resolution and Salary Plan
7 Packet Pg. 66
RESOLUTION NO. __________

A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CAMPBELL

ADOPTING THE CLASSIFICATION AND SALARY SCHEDULE
WHEREAS, The City Manager is required by Section 2.12.030 of the Campbell Municipal code to prepare and submit to the City Council recommendations for the reorganization of offices, departments, and positions which are considered to be in the best interest of efficient, effective and economical conduct of the municipal services provided by the City; and WHEREAS, Title 2, Section 2.16.020 of the Campbell Municipal Code provides that the City Council may, from time to time, by resolution, change the compensation of employees of said City, and may, by resolution, adopt salary and wage scales; and
WHEREAS, on June 17, 2025, the Campbell City Council adopted Resolution No. 13305 to approve the Fiscal Year 2025-2026 budget, which included adding new classifications; and WHEREAS, the City’s pay rates are required to be reflected in a publicly available pay schedule that has been duly approved and adopted by the employer; and NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Campbell does hereby approve the attached Classification and Salary Schedule ( Exhibit A) which adds the classifications of Crime Analyst, Environmental Programs Coordinator, Executive Assistant to the Police Chief, and Senior IT Administrator.

PASSED AND ADOPTED this ______ day of July 2025, by the following roll call vote:

AYES: Councilmembers:

NOES: Councilmembers:

ABSENT: Councilmembers:

APPROVED:

Sergio Lopez, Mayor
ATTEST:

Andrea Sanders, City Clerk

7.a
Packet Pg. 67
Attachment: Resolution and Salary Plan (Adopt the Classification and Salary Plan) Effective: 7/1/2025

CLASS CD JOB TITLE
Step 1 Step 2 Step 3 Step 4 Step 5
3180 ACCOUNTANT CME10 CMEA Hourly 53.47 56.09 58.93 61.87 64.96 Bi-Weekly 4,277.60 4,487.20 4,714.40 4,949.60 5,196.80 Monthly 9,268.13 9,722.27 10,214.53 10,724.13 11,259.73 Annual 111,217.60 116,667.20 122,574.40 128,689.60 135,116.80 3355 ACCT CLERK II CME28 CMEA Hourly 44.23 46.40 48.71 51.17 53.67 Bi-Weekly 3,538.40 3,712.00 3,896.80 4,093.60 4,293.60 Monthly 7,666.53 8,042.67 8,443.07 8,869.47 9,302.80 Annual 91,998.40 96,512.00 101,316.80 106,433.60 111,633.60 3417 ACCT CLK I CME38 CMEA Hourly 37.49 39.40 41.36 43.46 45.60 Bi-Weekly 2,999.20 3,152.00 3,308.80 3,476.80 3,648.00 Monthly 6,498.27 6,829.33 7,169.07 7,533.07 7,904.00 Annual 77,979.20 81,952.00 86,028.80 90,396.80 94,848.00 3151 ADMIN ANALYST I CME07 CMEA Hourly 58.32 61.27 64.31 67.49 70.94 Bi-Weekly 4,665.60 4,901.60 5,144.80 5,399.20 5,675.20 Monthly 10,108.80 10,620.13 11,147.07 11,698.27 12,296.27 Annual 121,305.60 127,441.60 133,764.80 140,379.20 147,555.20 1195 ADMN ANALYST II MGR18 MGMT Hourly 58.60 61.52 64.61 67.83 71.25 Bi-Weekly 4,688.00 4,921.60 5,168.80 5,426.40 5,700.00 Monthly 10,157.33 10,663.47 11,199.07 11,757.20 12,350.00 Annual 121,888.00 127,961.60 134,388.80 141,086.40 148,200.00 4388 ARBORIST MIL18 CARP Hourly 46.07 48.38 50.79 53.32 55.98 Bi-Weekly 3,685.60 3,870.40 4,063.20 4,265.60 4,478.40 Monthly 7,985.47 8,385.87 8,803.60 9,242.13 9,703.20 Annual 95,825.60 100,630.40 105,643.20 110,905.60 116,438.40 1020 ASSISTANT CITY MANAGER UNC07 UNCL Hourly 107.57 - - - 140.68 Bi-Weekly 8,605.60 - - - 11,254.40
Monthly 18,645.47 - - - 24,384.53
Annual 223,745.60 - - - 292,614.40
3125 ASSIST ENGR CME03 CMEA Hourly 61.15 64.21 67.42 70.78 74.37 Bi-Weekly 4,892.00 5,136.80 5,393.60 5,662.40 5,949.60 Monthly 10,599.33 11,129.73 11,686.13 12,268.53 12,890.80 Annual 127,192.00 133,556.80 140,233.60 147,222.40 154,689.60 3126 ASSISTANT ENGINEER (PPT) CME43 CMEA Hourly 61.15 64.21 67.42 70.78 74.37 Bi-Weekly 4,892.00 5,136.80 5,393.60 5,662.40 5,949.60 Monthly 10,599.33 11,129.73 11,686.13 12,268.53 12,890.80 Annual 127,192.00 133,556.80 140,233.60 147,222.40 154,689.60 1104 ASSISTANT FINANCE DIRECTOR MGR27 MGMT Hourly 85.67 90.18 94.91 99.91 105.17 Bi-Weekly 6,853.60 7,214.40 7,592.80 7,992.80 8,413.60 Monthly 14,849.47 15,631.20 16,451.07 17,317.73 18,229.47 Annual 178,193.60 187,574.40 197,412.80 207,812.80 218,753.60 3124 ASSOC CIVIL ENGR CME02 CMEA Hourly 69.01 72.47 76.12 79.90 83.91 Bi-Weekly 5,520.80 5,797.60 6,089.60 6,392.00 6,712.80 Monthly 11,961.73 12,561.47 13,194.13 13,849.33 14,544.40 Annual 143,540.80 150,737.60 158,329.60 166,192.00 174,532.80 3190 ASSOCIATE PLANNER CME14 CMEA Hourly 62.67 65.79 69.05 72.53 76.15 Bi-Weekly 5,013.60 5,263.20 5,524.00 5,802.40 6,092.00 Monthly 10,862.80 11,403.60 11,968.67 12,571.87 13,199.33 Annual 130,353.60 136,843.20 143,624.00 150,862.40 158,392.00 3290 ASSISTANT PLANNER CME23 CMEA Hourly 53.62 56.30 59.12 62.09 65.16 Bi-Weekly 4,289.60 4,504.00 4,729.60 4,967.20 5,212.80 Monthly 9,294.13 9,758.67 10,247.47 10,762.27 11,294.40 Annual 111,529.60 117,104.00 122,969.60 129,147.20 135,532.80 1167 ASST TO CM MGR14 MGMT Hourly 71.57 75.18 78.94 82.87 87.00 Bi-Weekly 5,725.60 6,014.40 6,315.20 6,629.60 6,960.00 Monthly 12,405.47 13,031.20 13,682.93 14,364.13 15,080.00 Annual 148,865.60 156,374.40 164,195.20 172,369.60 180,960.00

CITY OF CAMPBELL

POSITION CLASSIFICATION - ALL GROUPS
FY 25-26 SALARY SCHEDULE

STEP RANGES
Range
[Page]1
Exhibit A7.a
Packet Pg. 68
Attachment: Resolution and Salary Plan (Adopt the Classification and Salary Plan) Effective: 7/1/2025

CLASS CD JOB TITLE
Step 1 Step 2 Step 3 Step 4 Step 5

CITY OF CAMPBELL

POSITION CLASSIFICATION - ALL GROUPS
FY 25-26 SALARY SCHEDULE

STEP RANGES
Range
3150 BLDG INSPECTOR CME06 CMEA Hourly 59.28 62.23 65.35 68.62 72.08 Bi-Weekly 4,742.40 4,978.40 5,228.00 5,489.60 5,766.40 Monthly 10,275.20 10,786.53 11,327.33 11,894.13 12,493.87 Annual 123,302.40 129,438.40 135,928.00 142,729.60 149,926.40 3305 BLDG MNT LEAD WKR CME24 CMEA Hourly 49.51 51.98 54.56 57.33 60.21 Bi-Weekly 3,960.80 4,158.40 4,364.80 4,586.40 4,816.80 Monthly 8,581.73 9,009.87 9,457.07 9,937.20 10,436.40 Annual 102,980.80 108,118.40 113,484.80 119,246.40 125,236.80 3338 BLDG MNT WKR CME25 CMEA Hourly 45.01 47.31 49.64 52.12 54.78 Bi-Weekly 3,600.80 3,784.80 3,971.20 4,169.60 4,382.40 Monthly 7,801.73 8,200.40 8,604.27 9,034.13 9,495.20 Annual 93,620.80 98,404.80 103,251.20 108,409.60 113,942.40 1080 BLDG OFFICIAL MGR04 MGMT Hourly 80.33 84.38 88.59 93.00 97.66 Bi-Weekly 6,426.40 6,750.40 7,087.20 7,440.00 7,812.80 Monthly 13,923.87 14,625.87 15,355.60 16,120.00 16,927.73 Annual 167,086.40 175,510.40 184,267.20 193,440.00 203,132.80 1241 BUILDING MNT SUPERVISOR MGR23 MGMT Hourly 61.57 64.64 67.88 71.28 74.86 Bi-Weekly 4,925.60 5,171.20 5,430.40 5,702.40 5,988.80 Monthly 10,672.13 11,204.27 11,765.87 12,355.20 12,975.73 Annual 128,065.60 134,451.20 141,190.40 148,262.40 155,708.80 7425 CITY ATTORNEY ATTY Hourly 212.50 - - - - Bi-Weekly - - - - - Monthly 21,250.00 - - - - Annual 255,000.00 - - - - 1160 CITY CLERK MGR13 MGMT Hourly 75.45 79.19 83.18 87.31 91.69 Bi-Weekly 6,036.00 6,335.20 6,654.40 6,984.80 7,335.20 Monthly 13,078.00 13,726.27 14,417.87 15,133.73 15,892.93 Annual 156,936.00 164,715.20 173,014.40 181,604.80 190,715.20 1068 CITY ENGR MGR02 MGMT Hourly 99.45 104.45 109.65 115.13 120.89 Bi-Weekly 7,956.00 8,356.00 8,772.00 9,210.40 9,671.20 Monthly 17,238.00 18,104.67 19,006.00 19,955.87 20,954.27 Annual 206,856.00 217,256.00 228,072.00 239,470.40 251,451.20 1005 CITY MANAGER UNC01 CMGR Hourly 172.54 - - - - Bi-Weekly 13,803.20 - - - - Monthly 29,906.93 - - - - Annual 358,883.20 - - - - 3187 CODE ENF OFCR CME13 CMEA Hourly 55.49 58.26 61.15 64.23 67.42 Bi-Weekly 4,439.20 4,660.80 4,892.00 5,138.40 5,393.60 Monthly 9,618.27 10,098.40 10,599.33 11,133.20 11,686.13 Annual 115,419.20 121,180.80 127,192.00 133,598.40 140,233.60 3153 COMM & PUBLIC ENGAGEMENT COORD CME53 CMEA Hourly 57.09 59.96 62.95 66.10 69.40 Bi-Weekly 4,567.20 4,796.80 5,036.00 5,288.00 5,552.00 Monthly 9,895.60 10,393.07 10,911.33 11,457.33 12,029.33 Annual 118,747.20 124,716.80 130,936.00 137,488.00 144,352.00 1170 COMM CTR MGR MGR15 MGMT Hourly 71.57 75.18 78.94 82.87 87.00 Bi-Weekly 5,725.60 6,014.40 6,315.20 6,629.60 6,960.00 Monthly 12,405.47 13,031.20 13,682.93 14,364.13 15,080.00 Annual 148,865.60 156,374.40 164,195.20 172,369.60 180,960.00 5362 COMM SERV OFFICER CPC07 CPCEA Hourly 42.11 44.25 46.44 48.80 51.24 Bi-Weekly 3,368.80 3,540.00 3,715.20 3,904.00 4,099.20 Monthly 7,299.07 7,670.00 8,049.60 8,458.67 8,881.60 Annual 87,588.80 92,040.00 96,595.20 101,504.00 106,579.20 5185 COMM SPVSR CPC01 CPCEA Hourly 60.31 63.35 66.51 69.83 73.39 Bi-Weekly 4,824.80 5,068.00 5,320.80 5,586.40 5,871.20 Monthly 10,453.73 10,980.67 11,528.40 12,103.87 12,720.93 Annual 125,444.80 131,768.00 138,340.80 145,246.40 152,651.20 [Page]2

7.a
Packet Pg. 69
Attachment: Resolution and Salary Plan (Adopt the Classification and Salary Plan) Effective: 7/1/2025

CLASS CD JOB TITLE
Step 1 Step 2 Step 3 Step 4 Step 5

CITY OF CAMPBELL

POSITION CLASSIFICATION - ALL GROUPS
FY 25-26 SALARY SCHEDULE

STEP RANGES
Range
1030 COMM. DEV. DIRECTOR UNC05 UNCL Hourly 106.85 - - - 139.75 Bi-Weekly 8,548.00 - - - 11,180.00 Monthly 18,520.67 - - - 24,223.33 Annual 222,248.00 - - - 290,680.00 5363 COMMUNITY SVCS OFCR (PPT) CPC08 CPCEA Hourly 42.11 44.25 46.44 48.80 51.24 Bi-Weekly 3,368.80 3,540.00 3,715.20 3,904.00 4,099.20 Monthly 7,299.07 7,670.00 8,049.60 8,458.67 8,881.60 Annual 87,588.80 92,040.00 96,595.20 101,504.00 106,579.20 7420 COUNCILMEMBER CMBR Hourly - - - - Bi-Weekly 588.46 - - - - Monthly 1,275.00 - - - - Annual 15,300.00 - - - - 5364 CRIME ANALYST CPC09 CPCEA Hourly 45.14 47.40 49.77 52.25 54.87 Bi-Weekly 3,611.20 3,792.00 3,981.60 4,180.00 4,389.60 Monthly 7,824.27 8,216.00 8,626.80 9,056.67 9,510.80 Annual 93,891.20 98,592.00 103,521.60 108,680.00 114,129.60 1168 DEPUTY CITY MANAGER MGR24 MGMT Hourly 80.27 84.26 88.49 92.92 97.57 Bi-Weekly 6,421.60 6,740.80 7,079.20 7,433.60 7,805.60 Monthly 13,913.47 14,605.07 15,338.27 16,106.13 16,912.13 Annual 166,961.60 175,260.80 184,059.20 193,273.60 202,945.60 3345 DPTY CITY CLERK CME26 CMEA Hourly 44.52 46.74 49.08 51.49 54.09 Bi-Weekly 3,561.60 3,739.20 3,926.40 4,119.20 4,327.20 Monthly 7,716.80 8,101.60 8,507.20 8,924.93 9,375.60 Annual 92,601.60 97,219.20 102,086.40 107,099.20 112,507.20 1174 ECONOMIC DEVELOPMENT MANAGER MGR29 MGMT Hourly 78.13 82.03 86.13 90.44 94.96 Bi-Weekly 6,250.40 6,562.40 6,890.40 7,235.20 7,596.80 Monthly 13,542.53 14,218.53 14,929.20 15,676.27 16,459.73 Annual 162,510.40 170,622.40 179,150.40 188,115.20 197,516.80 3194 ECONOMIC DEVELOPMENT SPECIALIST CME54 CMEA Hourly 43.90 46.10 48.41 50.82 53.36 Bi-Weekly 3,512.00 3,688.00 3,872.80 4,065.60 4,268.80 Monthly 7,609.33 7,990.67 8,391.07 8,808.80 9,249.07 Annual 91,312.00 95,888.00 100,692.80 105,705.60 110,988.80 3917 EMERGENCY SERVICES COORDINATOR CME43 CMEA Hourly 61.91 65.18 68.61 72.21 76.01 Bi-Weekly 4,952.80 5,214.40 5,488.80 5,776.80 6,080.80 Monthly 10,731.07 11,297.87 11,892.40 12,516.40 13,175.07 Annual 128,772.80 135,574.40 142,708.80 150,196.80 158,100.80 3372 ENGR AIDE I CME33 CMEA Hourly 41.16 43.22 45.40 47.67 50.06 Bi-Weekly 3,292.80 3,457.60 3,632.00 3,813.60 4,004.80 Monthly 7,134.40 7,491.47 7,869.33 8,262.80 8,677.07 Annual 85,612.80 89,897.60 94,432.00 99,153.60 104,124.80 3287 ENGR AIDE II CME22 CMEA Hourly 46.74 49.06 51.53 54.10 56.80 Bi-Weekly 3,739.20 3,924.80 4,122.40 4,328.00 4,544.00 Monthly 8,101.60 8,503.73 8,931.87 9,377.33 9,845.33 Annual 97,219.20 102,044.80 107,182.40 112,528.00 118,144.00 3225 ENGR TECH I CME18 CMEA Hourly 48.91 51.32 53.88 56.60 59.43 Bi-Weekly 3,912.80 4,105.60 4,310.40 4,528.00 4,754.40 Monthly 8,477.73 8,895.47 9,339.20 9,810.67 10,301.20 Annual 101,732.80 106,745.60 112,070.40 117,728.00 123,614.40 3130 ENGR TECH II CME04 CMEA Hourly 55.41 58.20 61.11 64.16 67.36 Bi-Weekly 4,432.80 4,656.00 4,888.80 5,132.80 5,388.80 Monthly 9,604.40 10,088.00 10,592.40 11,121.07 11,675.73 Annual 115,252.80 121,056.00 127,108.80 133,452.80 140,108.80 3195 ENVIRONMENTAL PRGMS SPECIALIST CME55 CMEA Hourly 43.27 45.44 47.70 50.09 52.60 Bi-Weekly 3,461.60 3,635.20 3,816.00 4,007.20 4,208.00 Monthly 7,500.13 7,876.27 8,268.00 8,682.27 9,117.33 Annual 90,001.60 94,515.20 99,216.00 104,187.20 109,408.00 [Page]3

7.a
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Attachment: Resolution and Salary Plan (Adopt the Classification and Salary Plan) Effective: 7/1/2025

CLASS CD JOB TITLE
Step 1 Step 2 Step 3 Step 4 Step 5

CITY OF CAMPBELL

POSITION CLASSIFICATION - ALL GROUPS
FY 25-26 SALARY SCHEDULE

STEP RANGES
Range
3197 ENVIRONMENTAL PRGMS COORD CME07 CMEA Hourly 58.32 61.27 64.31 67.49 70.94 Bi-Weekly 4,665.60 4,901.60 5,144.80 5,399.20 5,675.20 Monthly 10,108.80 10,620.13 11,147.07 11,698.27 12,296.27 Annual 121,305.60 127,441.60 133,764.80 140,379.20 147,555.20 4235 EQUIP MNT SPVSR MIL04 CARP Hourly 54.28 57.00 59.80 62.83 65.94 Bi-Weekly 4,342.40 4,560.00 4,784.00 5,026.40 5,275.20 Monthly 9,408.53 9,880.00 10,365.33 10,890.53 11,429.60 Annual 112,902.40 118,560.00 124,384.00 130,686.40 137,155.20 2320 EXEC ASST TO CM (CONF) CON02 CONF Hourly 51.71 54.24 56.99 59.84 62.83 Bi-Weekly 4,136.80 4,339.20 4,559.20 4,787.20 5,026.40 Monthly 8,963.07 9,401.60 9,878.27 10,372.27 10,890.53 Annual 107,556.80 112,819.20 118,539.20 124,467.20 130,686.40 3154 EXEC ASST TO POLICE CHIEF CME57 CMEA Hourly 51.71 54.24 56.99 59.84 62.83 Bi-Weekly 4,136.80 4,339.20 4,559.20 4,787.20 5,026.40 Monthly 8,963.07 9,401.60 9,878.27 10,372.27 10,890.53 Annual 107,556.80 112,819.20 118,539.20 124,467.20 130,686.40 3350 EXECUTIVE ASST CME27 CMEA Hourly 44.52 46.74 49.08 51.49 54.09 Bi-Weekly 3,561.60 3,739.20 3,926.40 4,119.20 4,327.20 Monthly 7,716.80 8,101.60 8,507.20 8,924.93 9,375.60 Annual 92,601.60 97,219.20 102,086.40 107,099.20 112,507.20 1025 FINANCE DIRECTOR UNC06 UNCL Hourly 106.29 - - - 139.00 Bi-Weekly 8,503.20 - - - 11,120.00 Monthly 18,423.60 - - - 24,093.33 Annual 221,083.20 - - - 289,120.00 1105 FINANCE MGR MGR09 MGMT Hourly 81.33 85.38 89.68 94.16 98.87 Bi-Weekly 6,506.40 6,830.40 7,174.40 7,532.80 7,909.60 Monthly 14,097.20 14,799.20 15,544.53 16,321.07 17,137.47 Annual 169,166.40 177,590.40 186,534.40 195,852.80 205,649.60 3905 HCD COORDINATOR (PPT) CME39 CMEA - - - - - 1173 HOUSING MANAGER MGR28 MGMT Hourly 71.33 75.08 79.03 83.19 87.57 Bi-Weekly 5,706.40 6,006.40 6,322.40 6,655.20 7,005.60 Monthly 12,363.87 13,013.87 13,698.53 14,419.60 15,178.80 Annual 148,366.40 156,166.40 164,382.40 173,035.20 182,145.60 2932 HR ANALYST CON06 CONF Hourly 58.16 61.10 64.15 67.34 70.73 Bi-Weekly 4,652.80 4,888.00 5,132.00 5,387.20 5,658.40 Monthly 10,081.07 10,590.67 11,119.33 11,672.27 12,259.87 Annual 120,972.80 127,088.00 133,432.00 140,067.20 147,118.40 2931 HR REPRESENTATIVE (CONF) CON04 CONF Hourly 46.64 48.96 51.42 53.99 56.66 Bi-Weekly 3,731.20 3,916.80 4,113.60 4,319.20 4,532.80 Monthly 8,084.27 8,486.40 8,912.80 9,358.27 9,821.07 Annual 97,011.20 101,836.80 106,953.60 112,299.20 117,852.80 1140 HUMAN RESOURCES MANAGER MGR12 MGMT Hourly 95.31 100.07 105.08 110.35 115.88 Bi-Weekly 7,624.80 8,005.60 8,406.40 8,828.00 9,270.40 Monthly 16,520.40 17,345.47 18,213.87 19,127.33 20,085.87 Annual 198,244.80 208,145.60 218,566.40 229,528.00 241,030.40 3181 IT ADMINISTRATOR CME11 CMEA Hourly 67.84 71.23 74.79 78.53 82.46 Bi-Weekly 5,427.20 5,698.40 5,983.20 6,282.40 6,596.80 Monthly 11,758.93 12,346.53 12,963.60 13,611.87 14,293.07 Annual 141,107.20 148,158.40 155,563.20 163,342.40 171,516.80 1106 IT MANAGER MGR10 MGMT Hourly 83.22 87.37 91.78 96.34 101.14 Bi-Weekly 6,657.60 6,989.60 7,342.40 7,707.20 8,091.20 Monthly 14,424.80 15,144.13 15,908.53 16,698.93 17,530.93 Annual 173,097.60 181,729.60 190,902.40 200,387.20 210,371.20 3182 IT TECHNICIAN CME12 CMEA Hourly 57.08 59.96 62.95 66.11 69.39 Bi-Weekly 4,566.40 4,796.80 5,036.00 5,288.80 5,551.20 Monthly 9,893.87 10,393.07 10,911.33 11,459.07 12,027.60 Annual 118,726.40 124,716.80 130,936.00 137,508.80 144,331.20 [Page]4

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Packet Pg. 71
Attachment: Resolution and Salary Plan (Adopt the Classification and Salary Plan) Effective: 7/1/2025

CLASS CD JOB TITLE
Step 1 Step 2 Step 3 Step 4 Step 5

CITY OF CAMPBELL

POSITION CLASSIFICATION - ALL GROUPS
FY 25-26 SALARY SCHEDULE

STEP RANGES
Range
3183 IT TECHNICIAN (PPT) CME44 CMEA Hourly 57.08 59.96 62.95 66.11 69.39 Bi-Weekly 4,566.40 4,796.80 5,036.00 5,288.80 5,551.20 Monthly 9,893.87 10,393.07 10,911.33 11,459.07 12,027.60 Annual 118,726.40 124,716.80 130,936.00 137,508.80 144,331.20 3262 JUNIOR ENGR CME21 CMEA Hourly 53.95 56.62 59.44 62.42 65.53 Bi-Weekly 4,316.00 4,529.60 4,755.20 4,993.60 5,242.40 Monthly 9,351.33 9,814.13 10,302.93 10,819.47 11,358.53 Annual 112,216.00 117,769.60 123,635.20 129,833.60 136,302.40 4212 LGT/TRF SIG ASSIST MIL03 CARP Hourly 46.36 48.75 51.16 53.70 56.38 Bi-Weekly 3,708.80 3,900.00 4,092.80 4,296.00 4,510.40 Monthly 8,035.73 8,450.00 8,867.73 9,308.00 9,772.53 Annual 96,428.80 101,400.00 106,412.80 111,696.00 117,270.40 4210 LGT/TRF SIG SPVSR MIL01 CARP Hourly 66.66 69.99 73.48 77.18 81.04 Bi-Weekly 5,332.80 5,599.20 5,878.40 6,174.40 6,483.20 Monthly 11,554.40 12,131.60 12,736.53 13,377.87 14,046.93 Annual 138,652.80 145,579.20 152,838.40 160,534.40 168,563.20 4211 LGT/TRF SIG TECH MIL02 CARP Hourly 55.76 58.53 61.45 64.52 67.77 Bi-Weekly 4,460.80 4,682.40 4,916.00 5,161.60 5,421.60 Monthly 9,665.07 10,145.20 10,651.33 11,183.47 11,746.80 Annual 115,980.80 121,742.40 127,816.00 134,201.60 140,961.60 4386 MAINTENANCE WORKER I MIL15 CARP Hourly 34.50 36.19 38.00 39.93 41.94 Bi-Weekly 2,760.00 2,895.20 3,040.00 3,194.40 3,355.20 Monthly 5,980.00 6,272.93 6,586.67 6,921.20 7,269.60 Annual 71,760.00 75,275.20 79,040.00 83,054.40 87,235.20 4387 MAINTENANCE WORKER II MIL16 CARP Hourly 38.09 39.98 42.00 44.09 46.30 Bi-Weekly 3,047.20 3,198.40 3,360.00 3,527.20 3,704.00 Monthly 6,602.27 6,929.87 7,280.00 7,642.27 8,025.33 Annual 79,227.20 83,158.40 87,360.00 91,707.20 96,304.00 4332 MECHANIC I MIL10 CARP Hourly 37.73 39.68 41.62 43.71 45.89 Bi-Weekly 3,018.40 3,174.40 3,329.60 3,496.80 3,671.20 Monthly 6,539.87 6,877.87 7,214.13 7,576.40 7,954.27 Annual 78,478.40 82,534.40 86,569.60 90,916.80 95,451.20 4333 MECHANIC I (PPT)* MIL14 CARP Hourly 37.73 39.68 41.62 43.71 45.89 Bi-Weekly 3,018.40 3,174.40 3,329.60 3,496.80 3,671.20 Monthly 6,539.87 6,877.87 7,214.13 7,576.40 7,954.27 Annual 78,478.40 82,534.40 86,569.60 90,916.80 95,451.20 4270 MECHANIC II MIL05 CARP Hourly 44.14 46.33 48.68 51.13 53.66 Bi-Weekly 3,531.20 3,706.40 3,894.40 4,090.40 4,292.80 Monthly 7,650.93 8,030.53 8,437.87 8,862.53 9,301.07 Annual 91,811.20 96,366.40 101,254.40 106,350.40 111,612.80 4334 MECHANIC II (PPT)* MIL17 CARP Hourly 44.14 46.33 48.68 51.13 53.66 Bi-Weekly 3,531.20 3,706.40 3,894.40 4,090.40 4,292.80 Monthly 7,650.93 8,030.53 8,437.87 8,862.53 9,301.07 Annual 91,811.20 96,366.40 101,254.40 106,350.40 111,612.80 3369 MUSEUM COLLECTIONS SPECIALIST CME48 CMEA Hourly 31.88 34.08 36.37 38.84 41.47 Bi-Weekly 2,550.40 2,726.40 2,909.60 3,107.20 3,317.60 Monthly 5,525.87 5,907.20 6,304.13 6,732.27 7,188.13 Annual 66,310.40 70,886.40 75,649.60 80,787.20 86,257.60 3366 MUSEUM ED COORDINATOR CME30 CMEA Hourly 41.72 43.82 45.98 48.25 50.70 Bi-Weekly 3,337.60 3,505.60 3,678.40 3,860.00 4,056.00 Monthly 7,231.47 7,595.47 7,969.87 8,363.33 8,788.00 Annual 86,777.60 91,145.60 95,638.40 100,360.00 105,456.00 3915 NTR STE MGR (PPT)* CME41 CMEA Hourly 26.50 27.86 29.24 30.70 32.24 Bi-Weekly 2,120.00 2,228.80 2,339.20 2,456.00 2,579.20 Monthly 4,593.33 4,829.07 5,068.27 5,321.33 5,588.27 Annual 55,120.00 57,948.80 60,819.20 63,856.00 67,059.20 [Page]5

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Packet Pg. 72
Attachment: Resolution and Salary Plan (Adopt the Classification and Salary Plan) Effective: 7/1/2025

CLASS CD JOB TITLE
Step 1 Step 2 Step 3 Step 4 Step 5

CITY OF CAMPBELL

POSITION CLASSIFICATION - ALL GROUPS
FY 25-26 SALARY SCHEDULE

STEP RANGES
Range
3400 OFFICE ASST CME35 CMEA Hourly 36.58 38.41 40.40 42.36 44.53 Bi-Weekly 2,926.40 3,072.80 3,232.00 3,388.80 3,562.40 Monthly 6,340.53 6,657.73 7,002.67 7,342.40 7,718.53 Annual 76,086.40 79,892.80 84,032.00 88,108.80 92,622.40 3910 OFFICE ASST (PPT)* CME40 CMEA Hourly 36.58 38.41 40.40 42.36 44.53 Bi-Weekly 2,926.40 3,072.80 3,232.00 3,388.80 3,562.40 Monthly 6,340.53 6,657.73 7,002.67 7,342.40 7,718.53 Annual 76,086.40 79,892.80 84,032.00 88,108.80 92,622.40 2375 OFFICE SPEC (CONF) CON03 CONF Hourly 39.28 41.27 43.35 45.48 47.77 Bi-Weekly 3,142.40 3,301.60 3,468.00 3,638.40 3,821.60 Monthly 6,808.53 7,153.47 7,514.00 7,883.20 8,280.13 Annual 81,702.40 85,841.60 90,168.00 94,598.40 99,361.60 3401 OFFICE SPECIALIST CME36 CMEA Hourly 41.93 44.03 46.24 48.55 50.96 Bi-Weekly 3,354.40 3,522.40 3,699.20 3,884.00 4,076.80 Monthly 7,267.87 7,631.87 8,014.93 8,415.33 8,833.07 Annual 87,214.40 91,582.40 96,179.20 100,984.00 105,996.80 3403 OFFICE SPECIALIST (PPT) CME45 CMEA Hourly 41.93 44.03 46.24 48.55 50.96 Bi-Weekly 3,354.40 3,522.40 3,699.20 3,884.00 4,076.80 Monthly 7,267.87 7,631.87 8,014.93 8,415.33 8,833.07 Annual 87,214.40 91,582.40 96,179.20 100,984.00 105,996.80 4300 PARK MNT LEAD WKR MIL08 CARP Hourly 41.89 43.99 46.16 48.49 50.92 Bi-Weekly 3,351.20 3,519.20 3,692.80 3,879.20 4,073.60 Monthly 7,260.93 7,624.93 8,001.07 8,404.93 8,826.13 Annual 87,131.20 91,499.20 96,012.80 100,859.20 105,913.60 1265 PARK MNT SPVSR MGR20 MGMT Hourly 64.71 67.98 71.36 74.95 78.70 Bi-Weekly 5,176.80 5,438.40 5,708.80 5,996.00 6,296.00 Monthly 11,216.40 11,783.20 12,369.07 12,991.33 13,641.33 Annual 134,596.80 141,398.40 148,428.80 155,896.00 163,696.00 2315 PAYROLL/ACCOUNTING TECH (CONF) CON01 CONF Hourly 46.80 49.12 51.62 54.20 56.89 Bi-Weekly 3,744.00 3,929.60 4,129.60 4,336.00 4,551.20 Monthly 8,112.00 8,514.13 8,947.47 9,394.67 9,860.93 Annual 97,344.00 102,169.60 107,369.60 112,736.00 118,331.20 3402 PERMIT TECH CME37 CMEA Hourly 42.92 45.07 47.34 49.69 52.17 Bi-Weekly 3,433.60 3,605.60 3,787.20 3,975.20 4,173.60 Monthly 7,439.47 7,812.13 8,205.60 8,612.93 9,042.80 Annual 89,273.60 93,745.60 98,467.20 103,355.20 108,513.60 3405 PLAN CHECK EXAMINER CME56 CMEA Hourly 57.81 60.86 64.07 67.43 70.99 Bi-Weekly 4,624.80 4,868.80 5,125.60 5,394.40 5,679.20 Monthly 10,020.40 10,549.07 11,105.47 11,687.87 12,304.93 Annual 120,244.80 126,588.80 133,265.60 140,254.40 147,659.20 1172 PLANNING MANAGER MGR16 MGMT Hourly 78.48 82.40 86.53 90.86 95.38 Bi-Weekly 6,278.40 6,592.00 6,922.40 7,268.80 7,630.40 Monthly 13,603.20 14,282.67 14,998.53 15,749.07 16,532.53 Annual 163,238.40 171,392.00 179,982.40 188,988.80 198,390.40 3404 PLANNING TECHNICIAN CME52 CMEA Hourly 43.88 46.06 48.38 50.80 53.32 Bi-Weekly 3,510.40 3,684.80 3,870.40 4,064.00 4,265.60 Monthly 7,605.87 7,983.73 8,385.87 8,805.33 9,242.13 Annual 91,270.40 95,804.80 100,630.40 105,664.00 110,905.60 6165 POLICE AGENT CPO02 CPOA Hourly 68.04 71.41 75.00 78.74 82.69 Bi-Weekly 5,443.20 5,712.80 6,000.00 6,299.20 6,615.20 Monthly 11,793.60 12,377.73 13,000.00 13,648.27 14,332.93 Annual 141,523.20 148,532.80 156,000.00 163,779.20 171,995.20 1045 POLICE CAPTAIN MGR01 MGMT Hourly 109.90 115.43 121.16 127.29 133.60 Bi-Weekly 8,792.00 9,234.40 9,692.80 10,183.20 10,688.00 Monthly 19,049.33 20,007.87 21,001.07 22,063.60 23,157.33 Annual 228,592.00 240,094.40 252,012.80 264,763.20 277,888.00 [Page]6

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Packet Pg. 73
Attachment: Resolution and Salary Plan (Adopt the Classification and Salary Plan) Effective: 7/1/2025

CLASS CD JOB TITLE
Step 1 Step 2 Step 3 Step 4 Step 5

CITY OF CAMPBELL

POSITION CLASSIFICATION - ALL GROUPS
FY 25-26 SALARY SCHEDULE

STEP RANGES
Range
1010 POLICE CHIEF UNC02 UNCL - Police ChiefHourly 120.89 - - - 146.96 Bi-Weekly 9,671.20 - - - 11,756.80 Monthly 20,954.27 - - - 25,473.07 Annual 251,451.20 - - - 305,676.80 1075 POLICE LT MGR03 MGMT Hourly 79.69 83.65 87.86 92.24 96.86 Bi-Weekly 6,375.20 6,692.00 7,028.80 7,379.20 7,748.80 Monthly 13,812.93 14,499.33 15,229.07 15,988.27 16,789.07 Annual 165,755.20 173,992.00 182,748.80 191,859.20 201,468.80 6215 POLICE OFCR CPO04 CPOA Hourly 63.34 66.48 69.80 73.30 76.96 Bi-Weekly 5,067.20 5,318.40 5,584.00 5,864.00 6,156.80 Monthly 10,978.93 11,523.20 12,098.67 12,705.33 13,339.73 Annual 131,747.20 138,278.40 145,184.00 152,464.00 160,076.80 6214 POLICE OFCR TRN CPO03 CPOA Hourly 57.02 - - - - Bi-Weekly 4,561.60 - - - - Monthly 9,883.47 - - - - Annual 118,601.60 - - - - 5360 POLICE RCDS SPEC CPC05 CPCEA Hourly 39.52 41.49 43.60 45.78 48.03 Bi-Weekly 3,161.60 3,319.20 3,488.00 3,662.40 3,842.40 Monthly 6,850.13 7,191.60 7,557.33 7,935.20 8,325.20 Annual 82,201.60 86,299.20 90,688.00 95,222.40 99,902.40 5292 POLICE RCDS SPVSR CPC04 CPCEA Hourly 50.34 52.81 55.47 58.22 61.12 Bi-Weekly 4,027.20 4,224.80 4,437.60 4,657.60 4,889.60 Monthly 8,725.60 9,153.73 9,614.80 10,091.47 10,594.13 Annual 104,707.20 109,844.80 115,377.60 121,097.60 127,129.60 6120 POLICE SGT CPO01 CPOA Hourly 75.66 79.49 83.42 87.57 91.97 Bi-Weekly 6,052.80 6,359.20 6,673.60 7,005.60 7,357.60 Monthly 13,114.40 13,778.27 14,459.47 15,178.80 15,941.47 Annual 157,372.80 165,339.20 173,513.60 182,145.60 191,297.60 1175 PRINCIPAL PLANNER MGR30 MGMT Hourly 76.36 80.15 84.24 88.39 92.89 Bi-Weekly 6,108.80 6,412.00 6,739.20 7,071.20 7,431.20 Monthly 13,235.73 13,892.67 14,601.60 15,320.93 16,100.93 Annual 158,828.80 166,712.00 175,219.20 183,851.20 193,211.20 5361 PROPERTY/EVIDENCE SPEC CPC06 CPCEA Hourly 43.27 45.46 47.73 50.11 52.63 Bi-Weekly 3,461.60 3,636.80 3,818.40 4,008.80 4,210.40 Monthly 7,500.13 7,879.73 8,273.20 8,685.73 9,122.53 Annual 90,001.60 94,556.80 99,278.40 104,228.80 109,470.40 5275 PS DISPATCHER CPC02 CPCEA Hourly 52.17 54.79 57.50 60.41 63.42 Bi-Weekly 4,173.60 4,383.20 4,600.00 4,832.80 5,073.60 Monthly 9,042.80 9,496.93 9,966.67 10,471.07 10,992.80 Annual 108,513.60 113,963.20 119,600.00 125,652.80 131,913.60 5276 PS DISPATCHER (PPT) CPC03 CPCEA Hourly 52.17 54.79 57.50 60.41 63.42 Bi-Weekly 4,173.60 4,383.20 4,600.00 4,832.80 5,073.60 Monthly 9,042.80 9,496.93 9,966.67 10,471.07 10,992.80 Annual 108,513.60 113,963.20 119,600.00 125,652.80 131,913.60 3120 PUBLIC SAFETY SYS SPEC CME01 CMEA Hourly 57.08 59.96 62.95 66.11 69.39 Bi-Weekly 4,566.40 4,796.80 5,036.00 5,288.80 5,551.20 Monthly 9,893.87 10,393.07 10,911.33 11,459.07 12,027.60 Annual 118,726.40 124,716.80 130,936.00 137,508.80 144,331.20 1095 PUBLIC WKS SUPT MGR08 MGMT Hourly 82.54 86.68 91.01 95.56 100.33 Bi-Weekly 6,603.20 6,934.40 7,280.80 7,644.80 8,026.40 Monthly 14,306.93 15,024.53 15,775.07 16,563.73 17,390.53 Annual 171,683.20 180,294.40 189,300.80 198,764.80 208,686.40 1015 PUBLIC WORK DIRECTOR UNC03 UNCL Hourly 109.40 - - - 143.72 Bi-Weekly 8,752.00 - - - 11,497.60 Monthly 18,962.67 - - - 24,911.47 Annual 227,552.00 - - - 298,937.60 [Page]7

7.a
Packet Pg. 74
Attachment: Resolution and Salary Plan (Adopt the Classification and Salary Plan) Effective: 7/1/2025

CLASS CD JOB TITLE
Step 1 Step 2 Step 3 Step 4 Step 5

CITY OF CAMPBELL

POSITION CLASSIFICATION - ALL GROUPS
FY 25-26 SALARY SCHEDULE

STEP RANGES
Range
3155 PUBLIC WORKS INSP CME08 CMEA Hourly 59.28 62.23 65.35 68.62 72.08 Bi-Weekly 4,742.40 4,978.40 5,228.00 5,489.60 5,766.40 Monthly 10,275.20 10,786.53 11,327.33 11,894.13 12,493.87 Annual 123,302.40 129,438.40 135,928.00 142,729.60 149,926.40 3365 REC PROG COORD CME29 CMEA Hourly 46.43 48.80 51.17 53.74 56.43 Bi-Weekly 3,714.40 3,904.00 4,093.60 4,299.20 4,514.40 Monthly 8,047.87 8,458.67 8,869.47 9,314.93 9,781.20 Annual 96,574.40 101,504.00 106,433.60 111,779.20 117,374.40 1035 REC/COMM. SVCS DIRECTOR UNC04 UNCL Hourly 107.57 - - - 140.68 Bi-Weekly 8,605.60 - - - 11,254.40 Monthly 18,645.47 - - - 24,384.53 Annual 223,745.60 - - - 292,614.40 1171 RECREATION SERVICE MGR MGR22 MGMT Hourly 76.50 80.37 84.38 88.58 93.02 Bi-Weekly 6,120.00 6,429.60 6,750.40 7,086.40 7,441.60 Monthly 13,260.00 13,930.80 14,625.87 15,353.87 16,123.47 Annual 159,120.00 167,169.60 175,510.40 184,246.40 193,481.60 3362 RECREATION SPECIALIST FACILITIES CME47 CMEA Hourly 31.88 34.08 36.37 38.84 41.47 Bi-Weekly 2,550.40 2,726.40 2,909.60 3,107.20 3,317.60 Monthly 5,525.87 5,907.20 6,304.13 6,732.27 7,188.13 Annual 66,310.40 70,886.40 75,649.60 80,787.20 86,257.60 3364 RECREATION SPECIALIST CME47 CMEA Hourly 31.88 34.08 36.37 38.84 41.47 Bi-Weekly 2,550.40 2,726.40 2,909.60 3,107.20 3,317.60 Monthly 5,525.87 5,907.20 6,304.13 6,732.27 7,188.13 Annual 66,310.40 70,886.40 75,649.60 80,787.20 86,257.60 3363 RECREATION SPECIALIST (PPT) CME51 CMEA Hourly 31.88 34.08 36.37 38.84 41.47 Bi-Weekly 2,550.40 2,726.40 2,909.60 3,107.20 3,317.60 Monthly 5,525.87 5,907.20 6,304.13 6,732.27 7,188.13 Annual 66,310.40 70,886.40 75,649.60 80,787.20 86,257.60 3255 RECREATION SPVSR CME20 CMEA Hourly 57.25 60.11 63.13 66.32 69.63 Bi-Weekly 4,580.00 4,808.80 5,050.40 5,305.60 5,570.40 Monthly 9,923.33 10,419.07 10,942.53 11,495.47 12,069.20 Annual 119,080.00 125,028.80 131,310.40 137,945.60 144,830.40 3193 REDEVELOPMENT COORDINATOR CME17 CMEA - - - - - 3192 SENIOR PLANNER CME16 CMEA Hourly 71.04 74.56 78.36 82.22 86.41 Bi-Weekly 5,683.20 5,964.80 6,268.80 6,577.60 6,912.80 Monthly 12,313.60 12,923.73 13,582.40 14,251.47 14,977.73 Annual 147,763.20 155,084.80 162,988.80 171,017.60 179,732.80 3178 SOCIAL MEDIA SPECIALIST (PPT) CME50 CMEA Hourly 39.53 41.53 43.61 45.78 48.08 Bi-Weekly 3,162.40 3,322.40 3,488.80 3,662.40 3,846.40 Monthly 6,851.87 7,198.53 7,559.07 7,935.20 8,333.87 Annual 82,222.40 86,382.40 90,708.80 95,222.40 100,006.40 3179 SR ACCOUNTANT CME49 CMEA Hourly 58.93 61.90 64.97 68.22 71.66 Bi-Weekly 4,714.40 4,952.00 5,197.60 5,457.60 5,732.80 Monthly 10,214.53 10,729.33 11,261.47 11,824.80 12,421.07 Annual 122,574.40 128,752.00 135,137.60 141,897.60 149,052.80 3145 SR BLDG INSP CME05 CMEA Hourly 64.39 67.69 71.05 74.62 78.35 Bi-Weekly 5,151.20 5,415.20 5,684.00 5,969.60 6,268.00 Monthly 11,160.93 11,732.93 12,315.33 12,934.13 13,580.67 Annual 133,931.20 140,795.20 147,784.00 155,209.60 162,968.00 1093 SR CIVIL ENG (PPT) MGR07 MGMT Hourly 78.76 82.72 86.87 91.17 95.75 Bi-Weekly 6,300.80 6,617.60 6,949.60 7,293.60 7,660.00 Monthly 13,651.73 14,338.13 15,057.47 15,802.80 16,596.67 Annual 163,820.80 172,057.60 180,689.60 189,633.60 199,160.00 1091 SR CIVIL ENGR MGR06 MGMT Hourly 78.76 82.72 86.87 91.17 95.75 Bi-Weekly 6,300.80 6,617.60 6,949.60 7,293.60 7,660.00 Monthly 13,651.73 14,338.13 15,057.47 15,802.80 16,596.67 Annual 163,820.80 172,057.60 180,689.60 189,633.60 199,160.00 [Page]8

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Attachment: Resolution and Salary Plan (Adopt the Classification and Salary Plan) Effective: 7/1/2025

CLASS CD JOB TITLE
Step 1 Step 2 Step 3 Step 4 Step 5

CITY OF CAMPBELL

POSITION CLASSIFICATION - ALL GROUPS
FY 25-26 SALARY SCHEDULE

STEP RANGES
Range
3191 SR ENGR TECH CME15 CMEA Hourly 63.90 67.11 70.46 74.00 77.68 Bi-Weekly 5,112.00 5,368.80 5,636.80 5,920.00 6,214.40 Monthly 11,076.00 11,632.40 12,213.07 12,826.67 13,464.53 Annual 132,912.00 139,588.80 146,556.80 153,920.00 161,574.40 3184 SR IT ADMINISTRATOR CME46 CMEA Hourly 76.63 80.46 84.48 88.71 93.14 Bi-Weekly 6,130.40 6,436.80 6,758.40 7,096.80 7,451.20 Monthly 13,282.53 13,946.40 14,643.20 15,376.40 16,144.27 Annual 159,390.40 167,356.80 175,718.40 184,516.80 193,731.20 3367 SR MUSEUM SPECIALIST CME31 CMEA Hourly 47.98 50.40 52.90 55.53 58.38 Bi-Weekly 3,838.40 4,032.00 4,232.00 4,442.40 4,670.40 Monthly 8,316.53 8,736.00 9,169.33 9,625.20 10,119.20 Annual 99,798.40 104,832.00 110,032.00 115,502.40 121,430.40 3370 SR OFFICE ASST CME32 CMEA Hourly 40.44 42.44 44.58 46.79 49.18 Bi-Weekly 3,235.20 3,395.20 3,566.40 3,743.20 3,934.40 Monthly 7,009.60 7,356.27 7,727.20 8,110.27 8,524.53 Annual 84,115.20 88,275.20 92,726.40 97,323.20 102,294.40 3160 SR PUBLIC WORKS INSP CME09 CMEA Hourly 63.31 66.50 69.83 73.33 77.00 Bi-Weekly 5,064.80 5,320.00 5,586.40 5,866.40 6,160.00 Monthly 10,973.73 11,526.67 12,103.87 12,710.53 13,346.67 Annual 131,684.80 138,320.00 145,246.40 152,526.40 160,160.00 1267 SR PUBLIC WORKS PROJECT MGR MGR26 MGMT Hourly 78.76 82.72 86.87 91.17 95.75 Bi-Weekly 6,300.80 6,617.60 6,949.60 7,293.60 7,660.00 Monthly 13,651.73 14,338.13 15,057.47 15,802.80 16,596.67 Annual 163,820.80 172,057.60 180,689.60 189,633.60 199,160.00 3250 SR SVCS SPVSR CME19 CMEA Hourly 57.25 60.11 63.13 66.32 69.63 Bi-Weekly 4,580.00 4,808.80 5,050.40 5,305.60 5,570.40 Monthly 9,923.33 10,419.07 10,942.53 11,495.47 12,069.20 Annual 119,080.00 125,028.80 131,310.40 137,945.60 144,830.40 4296 STR MNT FIELD SPVSR MIL07 CARP Hourly 54.68 57.39 60.27 63.28 66.48 Bi-Weekly 4,374.40 4,591.20 4,821.60 5,062.40 5,318.40 Monthly 9,477.87 9,947.60 10,446.80 10,968.53 11,523.20 Annual 113,734.40 119,371.20 125,361.60 131,622.40 138,278.40 4295 STR MNT LEAD WKR MIL06 CARP Hourly 41.89 43.99 46.16 48.49 50.92 Bi-Weekly 3,351.20 3,519.20 3,692.80 3,879.20 4,073.60 Monthly 7,260.93 7,624.93 8,001.07 8,404.93 8,826.13 Annual 87,131.20 91,499.20 96,012.80 100,859.20 105,913.60 1266 STREET MNT SUPERVISOR MGR25 MGMT Hourly 63.01 66.16 69.46 72.94 76.59 Bi-Weekly 5,040.80 5,292.80 5,556.80 5,835.20 6,127.20 Monthly 10,921.73 11,467.73 12,039.73 12,642.93 13,275.60 Annual 131,060.80 137,612.80 144,476.80 151,715.20 159,307.20 1046 SUPPORT SERVICE MANAGER MGR21 MGMT Hourly 85.89 90.21 94.76 99.48 104.47 Bi-Weekly 6,871.20 7,216.80 7,580.80 7,958.40 8,357.60 Monthly 14,887.60 15,636.40 16,425.07 17,243.20 18,108.13 Annual 178,651.20 187,636.80 197,100.80 206,918.40 217,297.60 1090 TRAFFIC ENGR MGR05 MGMT Hourly 81.27 85.36 89.61 94.09 98.82 Bi-Weekly 6,501.60 6,828.80 7,168.80 7,527.20 7,905.60 Monthly 14,086.80 14,795.73 15,532.40 16,308.93 17,128.80 Annual 169,041.60 177,548.80 186,388.80 195,707.20 205,545.60 3196 UNHOUSED SPECIALIST CME42 CMEA Hourly 42.25 44.47 46.81 49.28 51.87 Bi-Weekly 3,380.00 3,557.60 3,744.80 3,942.40 4,149.60 Monthly 7,323.33 7,708.13 8,113.73 8,541.87 8,990.80 Annual 87,880.00 92,497.60 97,364.80 102,502.40 107,889.60 3395 UTILITY WRKR CME34 CMEA Hourly 40.78 42.84 44.95 47.19 49.59 Bi-Weekly 3,262.40 3,427.20 3,596.00 3,775.20 3,967.20 Monthly 7,068.53 7,425.60 7,791.33 8,179.60 8,595.60 Annual 84,822.40 89,107.20 93,496.00 98,155.20 103,147.20 Update Revision Effective Date Council Approval Date Notes FY26 Budget 7/1/2025 7/1/2025 Budget adoption updates
[Page]9

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Attachment: Resolution and Salary Plan (Adopt the Classification and Salary Plan) City
Council
Report
TITLE: Approval to Grant a Utility Distribution Easement to PG&E Within Lot 12 as Shown on a Certain Map Entitled “Map of Campbells Western Add’n to the Town of Campbell,” Filed for Record on May 18Th, 1894, in Book H of Maps at Page 69 to Serve the Measure O – Police Operations Building Project (CIP No. 23 -RR), (Resolution/Roll Call Vote)

RECOMMENDED ACTION
That the City Council adopt a resolution to grant a utility distribution easement to PG&E within Lot 12 as shown on a certain Map Entitled “Map of Campbell's Western Add’n to the Town of Campbell,” filed for record on May 18th, 1894, in Book H of Maps at Page 69 to serve the Measure O - Police Operations Building Project (CIP No. 23-RR).

BACKGROUND
On May 19, 2020, the City Council adopted Resolution No. 12588, authorizing the City Manager to execute a consultant services agreement with LPA, Inc. The design of the new Police Operations Building started soon after.

On February 19, 2022, an application for a service connection to serve the new Police Operations Building was submitted to PG&E. Subsequently, the design of the new Police Operations Building facilities was completed. The design indicated a need for a new transformer to provide service to the new Police Operations Building. The transformer would be furnished by PG&E with a connection to the electrical service to operate. The design plans were submitted to PG&E for review. On December 1, 2023, after PG&E approved the design, the City and PG&E entered into an agreement for the amount of $39,220.23, to extend PG&E facilities to service the Police Operations Building.

DISCUSSION
The agreement was approved and executed by the Public Works Director because it did not exceed the threshold amount requiring City Council approval as specified in Section

3.20 of the Campbell Municipal Code. Typical PG&E agreements include provisions that require applicants to obtain permits and easements as necessary to extend utility services to their property. It is the policy of PG&E to require a resolution from a public agency as proof of authorization for conveyances such as easement grants. In this Item: 8
Category: CONSENT CALENDAR
Meeting Date: July 1, 2025
8 Packet Pg. 77
Approval to Grant a Utility Distriution Easement to PG&E Page 2 of 3 case, to extend PG&E service to the Police Operations Building, the City is granting an easement to PG&E.

The proposed easement, which is shown on Attachment B, will be located immediately adjacent to the right -of-way on Grant Street at the north side of the Police Operations Building where all dry utilities (such as telecommunications and electricity) serving the building are located. The easement is roughly 13 feet wide by 15 feet long to accommodate the concrete pad in which the new transformer will be set.

NEXT STEPS
Staff is requesting that the City Council approve granting of a Utility Distribution Easement to PG&E within Lot 12 as shown on a certain Map Entitled “Map of Campbell’s Western Add’n to the Town of Campbell,” filed for record on May 18th, 1894, in Book H of Maps at Page 69 to serve the Measure O – Police Operations Building Project (CIP No. 23-RR).

The Police Operations Building is under construction with an October 2025 completion.

The granting of the easement will facilitate completion of the PG&E infrastructure which is scheduled to occur by end of July 2025. Not moving forward with granting the easement will delay the completion of the Police Operations Building.

FISCAL IMPACT
There is no fiscal impact associated with the approval of this item.

ALTERNATIVES

1. Do not authorize the approval to grant a utility distribution easement to PG&E.

2. Provide alternative direction to staff.

Prepared by:

Francisco Castellanos, Sr. Project
Manager
Reviewed by:

Amy Olay, Interim Public Works Director
8 Packet Pg. 78
Approval to Grant a Utility Distriution Easement to PG&E Page 3 of 3 Approved by:

Brian Loventhal, City Manager
Attachment:
a. Resolution
b. Utility Distribution Easement
8 Packet Pg. 79
RESOLUTION NO.

A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CAMPBELL GRANTING A UTILITY DISTRIBUTION EASEMENT TO PG&E WITHIN LOT 12 AS SHOWN ON A CERTAIN MAP ENTITLED “MAP OF CAMPBELLS WESTERN ADD’N TO THE TOWN OF CAMPBELL,” FILED FOR RECORD ON MAY 18TH, 1894, IN BOOK H OF MAPS AT PAGE 69 TO SERVE THE MEASURE O – POLICE OPERATIONS BUILDING PROJECT (CIP NO. 23-RR).

WHEREAS, the City Council adopted Resolution No. 12588, authorizing the City Manager to execute a consultant services agreement with LPA Inc. to begin the design of the Police Operations Building on May 19, 2020; and
WHEREAS, an application for a service connection to serve the new Police Operations Building at 100 N. First Street was submitted to PG&E on February 19, 2022, once the design of the new Police Operations Building facilities was completed; and WHEREAS, the City and PG&E entered into an agreement for the amount of $39,220.23, to extend PG&E facilities to service the new Police Operations Building; and WHEREAS, to extend PG&E service to the Police Operations Building, the City is granting an easement to PG&E; and
WHEREAS, the proposed easement, which is shown on Exhibit A, will be located immediately adjacent to the right-of-way on Grant Street at the north side of the Police Operations Building where all dry utilities (such as telecommunications and electricity) serving the building are located.

NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Campbell does hereby grant a utility distribution easement to PG&E within lot 12 as shown on a Certain Map entitled “Map of Campbells Western add’n to the Town of Campbell,” filed for record on May 18th, 1894, in Book H of Maps at Page 69 to serve the Measure O – Police Operations Building Project (CIP No. 23-RR).

PASSED AND ADOPTED this day of 2025 by the following roll call vote:

AYES: Councilmembers:

NOES: Councilmembers:

ABSENT: Councilmembers:

APPROVED:

ATTEST:

Sergio Lopez, Mayor
Andrea Sanders, City Clerk

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Attachment: Resolution (Approval to Grant a Utility Distriution Easement to PG&E) Utility Distribution Easement (02/2020)

RECORDING REQUESTED BY AND RETURN TO:

PACIFIC GAS AND ELECTRIC COMPANY
300 Lakeside Drive, Suite 210
Oakland, CA 94612
Attn: Land Rights Library

Location: City/Uninc Campbell
Recording Fee $
Document Transfer Tax $ None
[X] This is a conveyance where the consideration and
Value is less than $100.00 (R&T 11911).
[ ] Computed on Full Value of Property Conveyed, or
[ ] Computed on Full Value Less Liens
& Encumbrances Remaining at Time of Sale
[ ] Exempt from the fee per GC 27388.1 (a) (2); This
document is subject to Documentary Transfer Tax

Signature of declarant or agent determining tax

(SPACE ABOVE FOR RECORDER'S USE ONLY)
LD# 2307-01-10109 EASEMENT DEED

CITY OF CAMPBELL, a municipal corporation,

hereinafter called Grantor , hereby grants to PACIFIC GAS AND ELECTRIC COMPANY, a California corporation, hereinafter called Grantee, the right from time to time to excavate for, construct, reconstruct, replace (of initial or any other size), remove, maintain, inspect , and use facilities and associated equipment for public utility purposes , including, but not limited to electric, gas, and communication facilities , together with a right of way therefor , on, and under the easement area as hereinafter set forth, and also ingress thereto and egress therefrom, over and across the lands of Grantor situated in the City of Campbell, County of Santa Clara, State of California, described as follows:

(APN 279-41-067)
Lot 12 as shown upon the map entitled "Map of Campbell’s Western Addition to the Town of Campbell” filed for record May 18, 1894 in Book “H” of Maps at page 69, Santa Clara County Records.

The easement area is described as follows:

The parcel of land described in Exhibit “A” and shown on Exhibit “B” attached hereto and made a part hereof.

Grantor further grants to Grantee the right, from time to time, to trim or to cut down , without Grantee paying compensation, any and all trees and brush now or hereafter within said easement area, and shall have the further right, from time to time, to trim and cut down trees and brush along each side of said easement area which now or hereafter in the opinion of Grantee may interfere with or be a hazard to the facilities installed hereunder, or as Grantee deems necessary to comply with applicable state or federal regulations.

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Attachment: Utility Distribution Easement (Approval to Grant a Utility Distriution Easement to PG&E) Utility Distribution Easement (02/2020)

Grantor also grants to Grantee the right to use such portion of said lands contiguous to said easement area as may be reasonably necessary in connection with the excavation, construction, reconstruction, replacement, removal, maintenance and inspection of said facilities.

Grantor hereby covenants and a grees not to place or construct , nor allow a third party to place or construct, any building or other structure, or store flammable substances, or drill or operate any well, or construct any reservoir or other obstruction within said easement area, or diminish or substantially add to the ground level within said easement area, or construct any fences that will interfere with the maintenance and operation of said facilities.

Grantor acknowledges that they have read the “Grant of Easement Disclosure Statement”, Exhibit “C”, attached hereto and made a part hereof.

This document may be executed in multiple counterparts, each of which shall be deemed an original, but all of which, together, shall constitute one and the same instrument.

The provisions hereof shall inure to the benefit of and bind the successors and assigns of the respective parties hereto, and all covenants shall apply to and run with the land.

Dated: __________________, _______.

I hereby certify that a resolution was adopted on
the day of , 20 , by the

authorizing the foregoing grant of easement.

By
CITY OF CAMPBELL, a municipal corporation,

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Attachment: Utility Distribution Easement (Approval to Grant a Utility Distriution Easement to PG&E) Utility Distribution Easement (02/2020)

State of California
County of )

On __________________________, before me, Notary Public, Insert name
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 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.

(Seal)
Signature of Notary Public

CAPACITY CLAIMED BY SIGNER

[ ] Individual(s) signing for oneself/themselves

[ ] Corporate Officer(s) of the above named corporation(s)

[ ] Trustee(s) of the above named Trust(s)

[ ] Partner(s) of the above named Partnership(s)

[ ] Attorney(s)-in-Fact of the above named Principal(s)

[ ] Other

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.

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Attachment: Utility Distribution Easement (Approval to Grant a Utility Distriution Easement to PG&E) April 07, 2025
Project No. 20250352

BKF ENGINEERS
255 Shoreline Drive, Suite 200, Redwood City, CA 94065 | 650.482.6300

Page 1 of 2 ends

EXHIBIT A

LEGAL DESCRIPTION

PACIFIC GAS AND ELECTRIC EASEMENT

All that certain real property situate in the City of Campbell, County of Santa Clara, State of California, being a portion of Lot 12 as shown on that certain Map entitled “Map of Campbells Western Add’n to the Town of Campbell,” filed for record on May 18th, 1894 in Book H of Maps at page 69, records of said County, being more particularly described as follows:

COMMENCING at the intersection of the centerlines of Grant Street and First Street, as they are shown upon that certain “Record of Survey for the Establishment of the Monument Lines of Orchard City Drive and Civic Center Drive” filed for record on April 9, 1980, in Book 461 of Maps, at pages 47 through 54, inclusive, records of said county;

Thence easterly, along said centerline of Grant Street, South 89°44'01" East, 129.71 feet;

Thence leaving said centerline, South 00°15'59" West, 20.00 feet, to the southerly right-of-way line of said Grant Street, as shown on said Record of Survey, and the POINT OF BEGINNING;

Thence along said southerly right-of-way line, South 89°44'01" East, 14.83 feet;

Thence leaving said southerly right-of-way line the following three (3) courses:

1. South 00°10'14" West, 12.88 feet;

2. North 89°50'27" West, 14.83 feet;

3. North 00°10'14" East, 12.90 feet to the POINT OF BEGINNING.

Containing an easement area of 191 square feet, more or less.

As shown on plat attached hereto and by this reference made part hereof as Exhibit B.

Basis of Bearings

The bearing of South 89°44'01" East along the centerline of Grant Street as shown on that certain “Record of Survey for the Establishment of the Monument Lines of Orchard City Drive and Civic Center Drive,” filed for record on April 9, 1980, in Book 461 of Maps, at pages 47 through 54, inclusive, was taken as the basis of bearings for this exhibit.

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Attachment: Utility Distribution Easement (Approval to Grant a Utility Distriution Easement to PG&E)

Page 2 of 2 ends

This legal description was prepared by me or under my direction in conformance with the requirements of the Professional Land Surveyors' Act.

04/07/2025
Andrew Dellinger, PLS 9658 Date

END OF DESCRIPTION

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Attachment: Utility Distribution Easement (Approval to Grant a Utility Distriution Easement to PG&E)

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Attachment: Utility Distribution Easement (Approval to Grant a Utility Distriution Easement to PG&E)

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Attachment: Utility Distribution Easement (Approval to Grant a Utility Distriution Easement to PG&E) Utility Distribution Easement (02/2020)

Pacific Gas and Electric Company

EXHIBIT “C”

GRANT OF EASEMENT DISCLOSURE STATEMENT

This Disclosure Statement will assist you in evaluating the request for granting an easement to Pacific Gas and Electric Company (PG&E) to accommodate a utility service extension to PG&E’s applicant. Please read this disclosure carefully before signing the Grant of Easement.

• You are under no obligation or threat of condemnation by PG&E to grant this easement.

• The granting of this easement is an accommodation to PG&E’s applicant requesting the extension of PG&E utility facilities to the applicant’s property or project. Because this easement is an accommodation for a service extension to a single customer or group of customers, PG&E is not authorized to purchase any such easement.

• By granting this easement to PG&E, the easement area may be used to serve additional customers in the area and may be used to install additional utility facilities. Installation of any proposed facilities outside of this easement area will require an additional easement.

• Removal and/or pruning of trees or other vegetation on your property may be necessary for the installation of PG&E facilities. You have the option of having PG&E’s contractors perform this work on your property, if available, or granting permission to PG& E’s applicant or the applicant’s contractor to perform this work.

Additionally, in order to comply with California fire laws and safety orders, PG&E or its contractors will periodically perform vegetation maintenance activities on your property as provide d for in this grant of easement in order to maintain proper clearances from energized electric lines or other facilities.

• The description of the easement location where PG&E utility facilities are to be installed across your property must be satisfactory to you.

• The California Public Utilities Commission has authorized PG&E’s applicant to perform the installation of certain utility facilities for utility service. In addition to granting this easement to PG&E, your consent may be requested by the applicant, or app licant’s contractor, to work on your property. Upon completion of the applicant’s installation, the utility facilities will be inspected by PG&E. When the facility installation is determined to be acceptable the facilities will be conveyed to PG&E by its applicant.

By signing the Grant of Easement, you are acknowledging that you have read this disclosure and understand that you are voluntarily granting the easement to PG&E. Please return the signed and notarized Grant of Easement with this Disclosure Statement attached to PG&E. The duplicate copy of the Grant of Easement and this Disclosure Statement is for your records.

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Attachment: Utility Distribution Easement (Approval to Grant a Utility Distriution Easement to PG&E) Utility Distribution Easement (02/2020)

Attach to LD 2307-01-10109
Area 3, De Anza Division
Land Service Office: San Jose
Line of Business: Electric Distribution (43)
Business Doc Type: Easement
MTRSQ: (23.07.01.26.32)
FERC License Number(s): N/A
PG&E Drawing Number(s): N/A
PLAT NO.: H1616 (Elec.), 3412-I5 (Gas)
LD of any affected documents: N/A
LD of any Cross-referenced documents: N/A
TYPE OF INTEREST: Electric Underground Easements (4), Communication Easements (6), Utility Easements (86)
SBE Parcel Number: N/A
(For Quitclaims, % being quitclaimed): N/A
PM #: 35347452-1110
JCN: N/A
County: Santa Clara
Utility Notice Numbers: N/A
851 Approval Application No. N/A; Decision N/A
Prepared By: F1PE
Checked By: DAN9

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Attachment: Utility Distribution Easement (Approval to Grant a Utility Distriution Easement to PG&E) City
Council
Report
TITLE: Lighting and Landscaping District LLA -1, Fiscal Year 2025 -26 - Confirming Assessments (Resolution/Roll Call Vote)

RECOMMENDED ACTION
That the City Council adopt a resolution overruling protests, if any, approving the Engineer's Report, ordering the improvements, and confirming the diagram and assessments.

BACKGROUND
On April 1, 2025, pursuant to City Council Resolution No. 5831 approving the formation of the city -wide City of Campbell Lighting District LLA -1 (LLA-1) and the Landscaping and Lighting Act of 1972 (LLA), the City Council adopted Resolution No. 13272 directing staff to prepare a preliminary Engineer’s Report and initiate proceedings in support of levying assessments on properties within the LLA-1 for Fiscal Year (FY) 2025-26.

On June 3, 2025, the City Council adopted Resolution No. 13296 granting preliminary approval of the Engineer’s Report for LLA -1 for Fiscal Year (FY) 2025 -26, including (1) plans and specifications of the existing and proposed improvements, if any; (2) estimate of costs; (3) diagram showing the exterior boundaries of the area of the Assessment District; and (4) assessments calculated according to benefits. The City Council also adopted Resolution No. 13297 declaring its intention to levy and collect assessments within the Assessment District, and setting the Public Hearing for the July 1, 2025, regular City Council meeting, as the time and place for hearing comments or protests in relation to the levy and collection of the proposed assessments pursuant to the LLA, and to said proposed improvements.

Noticing for the Public Hearing consisted of the publishing of the City’s Resolution of Intention in the Metro Silicon Valley on June 11, 2025, and June 18, 2025, as evidenced by the Affidavits and Certificates on file with the City Clerk.

The purpose of the LLA -1 is to help the City of Campbell (City) fund the installation, operation, and maintenance of a range of public improvements within the district, including public lighting, traffic signals, street and median landscaping, parks and recreational improvements, curbs, gutters, sidewalks, and irrigation systems and associated drainage improvements.

Item: 9
Category: PUBLIC HEARINGS AND

INTRODUCTION OF

ORDINANCES
Meeting Date: July 1, 2025
9 Packet Pg. 90
Lighting and Landscaping District LLA-1, Fiscal Year 2025-26 - Confirming Assessments Page 2 of 3

DISCUSSION
The Engineer's Report for FY 2025-26 is on file with the City Clerk and includes:

1. Plans and specifications of the existing and proposed improvements, if any; to be installed within the Assessment District; and

2. Engineer’s estimate of the total costs of said improvements, including the operation and maintenance thereof, and of the incidental expenses in connection therewith; and

3. Diagram showing the boundaries of the Assessment District referred to and described in said Resolution No. 13296, and the lines and dimensions of each parcel of land within said District as such parcel is shown on the County Assessor's maps for the fiscal year to which it applies, each of which parcel has been given a separate number upon said diagram; and

4. Assessment of the total costs of said improvements upon the parcels of land in said District in proportion to the estimated benefits to be received by such parcels from said improvements, and the operation and maintenance thereof, and of the expenses incidental thereto contained in said report calculated for each parcel according to benefits received by said parcel.

The Public Hearing provides an opportunity for interested persons to be heard prior to Council's consideration of the Engineer's Report, the ordering of the improvements, and the confirming of the diagram and assessments for FY 2025-26.

City staff proposes that City Council adopt the attached resolution overruling protests, if any, approving the Engineer's Report, ordering the maintenance of improvements in the public interest, and confirming the diagram and assessments. If approved by the Council, the City Clerk will file the assessments with the County of Santa Clara Controller-Treasurer Department in early August for inclusion on the upcoming FY 2025-26 property tax roll.

FISCAL IMPACT
Projected LLA-1 revenues for FY 2025-26 are approximately $1,210,000.

ALTERNATIVES

1. Continue the Public Hearing to the August 4, 2025 City Council meeting.

2. Direct staff to revise the Engineer's Report with alternative assessment levels. 9 Packet Pg. 91
Lighting and Landscaping District LLA-1, Fiscal Year 2025-26 - Confirming Assessments Page 3 of 3 Prepared by:

Roger Storz, Senior Civil Engineer
Reviewed by:

Amy Olay, Interim Public Works Director
Approved by:

Brian Loventhal, City Manager
Attachment:
a. Resolution LLA FY25-26
9 Packet Pg. 92

RESOLUTION NO. __________

A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CAMPBELL APPROVING THE ENGINEER’S REPORT, ORDERING THE IMPROVEMENTS, AND

CONFIRMING THE DIAGRAM AND ASSESSMENTS FOR THE CITY OF CAMPBELL LIGHTING DISTRICT LLA-1 FOR FISCAL YEAR 2025/26
WHEREAS, on the 1st day of April 2025, said Council adopted its Resolution No. 13272 describing improvements and directing preparation of the Engineer's Report for Fiscal Year (FY) 2025/26 for the City of Campbell Lighting District LLA -1 pursuant to the Landscaping and Lighting Act of 1972, and directed the City Engineer to prepare and file with the City Clerk a written report called for under said Act and by said Resolution; and
WHEREAS, said report was duly made and filed with the City Clerk, whereupon said Clerk presented it to this Council on June 3, 2025 for its consideration; and WHEREAS, said Council thereupon duly considered said report and each and every part thereof and found that it contained all matters called for by the provisions of said Act and Resolution No. 13296, including (1) plans and specifications of the existing and proposed improvements, if any; (2) estimate of costs; (3) diagram showing the exterior boundaries of the area of the Assessment District; and (4) assessments calculated according to benefits; all of which were prepared in the form and manner required by said Act; and
WHEREAS, said Council found that said report, and each and every part thereof, was sufficient and determined that it should stand as the report for all subsequent proceedings under said Act, whereupon said Council, pursuant to the requirements of said Act, adopted Resolution No. 13297 and appointed July 1, 20 25, at the regular meeting of said Council, City Hall, 70 North First Street, Campbell, California, as the time and place for hearing comments or protests in relation to the levy and collection of the proposed assessments pursuant to said Act, and to said proposed improvements, if any, including the operation and maintenance thereof, and directing the City Clerk to give notice of the public hearing as required by said Act; and WHEREAS, notices of said Public Hearing were duly published in the time, form and manner required by said Act, as evidenced by the Affidavits and Certificates on file with the City Clerk, whereupon said hearing was duly held at the time and place stated in said notice; and
WHEREAS, on July 1, 2025, the Public Hearing was opened; and WHEREAS, persons objecting to said improvements, including the operation and maintenance thereof, or to the extent of the Assessment District, or to the proposed diagram or assessments, or to the Engineer's estimate of costs thereof, filed written protests with the City Clerk before the conclusion of said Public Hearing, and all persons desiring to be heard were given an opportunity to be heard, and all matters pertaining to the levy and collection of the assessments for said improvements, including the ope ration and maintenance thereof, were fully heard and considered by

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Attachment: Resolution LLA FY25-26 (Lighting and Landscaping District LLA-1, Fiscal Year 2025-26 - Confirming Assessments) said Council.

NOW, THEREFORE, BE IT RESOLVED, DETERMINED, and ORDERED as follows:

1. That protests, if any, against said improvements, including the operation and maintenance thereof, or to the extent of the Assessment District, or to the proposed diagram or assessments, or to the Engineer's estim ate of costs thereof, for FY 2025/26 be, and each of them are hereby overruled.

2. That the public interest, convenience, and necessity require and said Council does hereby order the levy and collection of assessments pursuant to said Act for the installation of improvements, including the operation and maintenance thereof, more particularly described in said Engineer's Report which is made a part hereof by reference.

3. That the City of Campbell Lighting District LLA -1 and the boundaries thereof benefited and to be assessed for said costs for the installation of the improvements, including the operation and maintenance thereof, are situated in the City of Campbell, California, and are more particularly described by reference to a map thereof on file in the office of the City Clerk. Said map indicates by a boundary line the extent of the territory included in said District.

4. That the plans and specifications for the existing improvements and proposed improvements, if any, to be installed within the Assessment District contained in said report be, and they are hereby, adopted and approved.

5. That the Engineer's estimate of the total costs of said improvements, including the operation and maintenance thereof, and of the incidental expenses in connection therewith, contained in said report be, and is hereby, adopted and approved.

6. That the public interest and convenience require, and said Council does hereby order the improvements, if any, to be installed as described in, and in accordance with, said Engineer's Report.

7. That the diagram showing the boundaries of the Assessment District referred to and d escribed in said Resolution No. 13296, and the lines and dimensions of each parcel of land within said District as such parcel is shown on the County Assessor's maps for the fiscal year to which it applies, each of which parcel has been given a separate number upon said diagram as contained in said report be, and is hereby, approved and confirmed.

8. That the assessment of the total costs of said improvements upon the parcels of land in said District in proportion to the estimated benefits to be received by such parcels from said improvements, and the operation and maintenance thereof, and of the expenses incidental thereto contained in said report be, and the same is hereby, approved and confirmed.

9. That said Engineer's Report for FY 2025/26 be, and the same is hereby, adopted

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Attachment: Resolution LLA FY25-26 (Lighting and Landscaping District LLA-1, Fiscal Year 2025-26 - Confirming Assessments) and approved.

10. That the City Clerk shall forthwith file with the County of Santa Clara Controller- Treasurer Department said assessment, together with said diagram thereto attached and made a part thereof, as confirmed by the City Council, with the certification of such confirmation thereto attached and of the date thereof.

11. That the order for levy and collection of assessments for the improvements and the adoption and approval of the Engineer's Report as a whole, and of the plans and specifications, estimate of the costs, diagram, and assessments, as contained in said Report, as hereinafter determined and ordered, is intended to and shall refer and apply to said Report, or any portion thereof, as amended, modified, revised or corrected by, or pursuant to and in accordance with any resolution or order, if any, heretofore duly adopted or made by this Council.

I hereby certify that the foregoing is a full, true and correct copy of the Resolution duly passed and adopted by the City Council of the City of Campbell, California, at a meeting thereof held on the ______ day of _____________, 2025, by the following roll call vote of the members thereof:

AYES: Councilmembers:

NOES: Councilmembers:

ABSENT: Councilmembers:

APPROVED:
________________________________
ATTEST: Sergio Lopez, Mayor
__________________________
Andrea Sanders, City Clerk

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Attachment: Resolution LLA FY25-26 (Lighting and Landscaping District LLA-1, Fiscal Year 2025-26 - Confirming Assessments) City
Council
Report
TITLE: Public Hearing to Consider an Interim Ordinance Adopting Urgency Measures to Implement Senate Bill No. 1123 (2024), Regarding Ministerial Approval of Small -Scale Housing Subdivisions (File No.

PLN-2025-62) (Ordinance / Roll Call Vote)

RECOMMENDED ACTION
It is recommended that City Council adopt an Interim Ordinance to implement Senate Bill No. 1123.

ENVIRONMENTAL DETERMINATION
Adoption of this interim ordinance is statutorily exempt from the California Environmental Quality Act (CEQA) pursuant to Government Code Sections 65852.28(e), 65913.4.5(b), and 66499.41(i).

BACKGROUND
Senate Bill No. 684: Senate Bill 684 (SB 684) was signed into law by Governor Newsom in October 2023 and took effect on July 1, 2024. The legislation establishes a streamlined, ministerial approval process for housing development projects proposing no more than ten residential units and associated parcels, located within multifamily residential or mixed -use zoning districts that meet specified eligibility criteria. To encourage more modestly sized units that are “affordable by design,” the law limits the average living area to 1,750 square feet.

SB 684 prohibits local agencies from applying maximum density standards. However, to qualify, a project must meet or exceed the maximum General Plan density for the site 1.

Local governments may not impose parcel size or dimension requirements beyond a 600-square-foot minimum, nor may they adopt project -specific development standards, but may grant relief from otherwise applicable standards. The law also prohibits the application of development standards, such as setbacks and height limits, that would 1 For parcels identified in the Housing Element, a project must provide at least the number of units projected for that site, including the number of lower-income (low- or very low-income) units identified in the Housing Element.

Item: 10
Category: PUBLIC HEARINGS AND

INTRODUCTION OF

ORDINANCES
Meeting Date: July 1, 2025
10 Packet Pg. 96
PLN-2025-62 | Interim Ordinance for SB 1123 Page 2 of 5 physically preclude construction of a project at a density of 30 dwelling units per acre or less.
2024 Interim Ordinance : To implement SB 684 locally, the City Council adopted an interim ordinance in June 2024. The ordinance established broad exemptions from the City’s Multifamily Development and Design Standards (MFDDS) , which were developed for larger-scale projects and are generally impractical for small infill developments. The ordinance also introduced targeted amendments to Title 20 (Subdivisions), applicable citywide, to ensure continued access, maintenance, and orderly lot configuration for all subdivisions, not just those processed under SB -684. Since this time, the City has accepted three SB -684 applications, two for townhome developments, and one to subdivide a property with multiple existing units into two parcels.

Senate Bill No. 1123 (SB -1123): Last year, the Legislature adopted and the Governor signed into law SB 1123, which introduces several notable changes to the original SB 684 legislation. These changes take effect July 1, 2025 and are summarized as follows:
• Maximum Density . For parcels not identified in the Housing Element, projects must now achieve at least 66% of the maximum General Plan density or 19.8 units per acre2, whichever is greater. This reduced minimum density requirement substantially expands the number of parcels eligible for development by establishing a density floor that can be met by conventional townhome projects. • Single-Family Residential Parcels. Projects may now be developed on “vacant” parcels located within single-family residential zones. The law defines “vacant” as a parcel with no permanent structures, or with structures that are abandoned and uninhabitable, subject to limited exceptions. For such parcels, newly created lots must have a minimum area of 1,200 square feet; however, cities may adopt a lower minimum lot size at their discretion.

Note: Under the density requirements noted above, a standard 6,000 square -foot single-family parcel would need to be developed with a minimum of three units/lots to qualify for approval. This distinguishes the law from SB -9/SB-450 urban lot splits, which allow single -family parcels to be divided into no more than two parcels.
• Height Requirements. The law now allows cities to apply their local height limits to qualifying projects, where previously, cities were compelled to allow height increases if a local limit would have physically precluded development at 30 units per acre. However, state Density Bonus Law remains available for projects that include below market rate (BMR) units and may still be used to request a waiver of local height limits or other development standards.
2 19.8 units per acre represents 66% of the 30 units/acre “Mullen minimum density.” 10 Packet Pg. 97
PLN-2025-62 | Interim Ordinance for SB 1123 Page 3 of 5 • Accessory Dwelling Units (ADUs) . If a city allows ADUs or JADUs within a qualifying project —which is not currently required —the law now clarifies that these units do not count toward the ten-unit maximum.
• Maintenance of Fee Ownership . The law now prohibits the use of its subdivision provisions to divide a property with multiple existing dwelling units in a manner that would allow any unit to be sold separately under a new ownership title. This restriction is likely intended to prevent the conversion of existing rental housing into individually owned units that can be sold off on newly created parcels.

DISCUSSION
To comply with SB 1123, staff has prepared a new interim ordinance, included as Attachment A. Consistent with the City’s prior implementing ordinance for SB -684, the proposed ordinance continues the approach of providing broad exemptions from the Multifamily Development and Design Standards (MFDDS), other than its height/story and front setback requirements. In addition to satisfying State requirements, the ordinance incorporates several specific local measures. These reflect feedback provided by the Planni ng Commission at the May 13 study session on pending Miscellaneous Municipal Code Updates being prepared by staff. • Vacancy Status. While SB 1123 defines “vacant,” it does not explicitly specify when vacancy must be determined (although the statutory language suggests the date of application). As a result, the law creates an incentive for existing homes to be speculatively demolished to render a parcel eligible for a SB 1123 project approval. This could lead to the premature loss of viable housing without any guarantee that a new project will move forward, potentially leaving undeveloped blighted lots in established neighborhoods.

To address this concern, the interim ordinance would consider a lot to be “vacant” if a project proposes to demolish an existing home in association with an SB 1123 project. This would allow applications to proceed with SB 1123 projects avoiding a pre-mature demolition of housing and the creation of vacant lots. This will also reduce a barrier to entry by enabling developers to secure planning approval before demolishing an existing home, a condition lenders often require for project financing.
• Utility Undergrounding. The interim ordinance would exempt qualifying projects from the City’s frontage utility undergrounding requirements. “Frontage utilities” refers to overhead utility lines that run parallel to the street along a property’s frontage. This change better aligns infrastructure obligations with project scale, avoiding disproportionate costs for smaller infill developments. It also recognizes that undergrounding is typically infeasible due to the narrow street frontages of most eligible lots.
10 Packet Pg. 98
PLN-2025-62 | Interim Ordinance for SB 1123 Page 4 of 5 • Tree Removal . Given the tight site constraints typical of infill projects allowed under SB-1123, the interim ordinance would allow trees measuring 24 inches or less in diameter to be removed by right, without a separate tree removal permit.

In such cases, trees would be removed only upon issuance of a grading permit to begin construction activity for a project. This change recognizes that per state housing laws, the city is generally compelled to allow removal of the tree if it would physically preclude the development of a housing project at the permitted density.
• Junior ADUs . The interim ordinance would allow Junior Accessory Dwelling Units (JADUs) to be included within a project, provided they are located within the allowable living area of the primary unit. This provision would also allow future homeowners to convert garages into JADUs. Standard ADUs, however, would remain prohibited, as allowed under State Law

NEXT STEPS
California Government Code Section 65858 allows local jurisdictions to adopt an interim ordinance to implement urgency measures, providing sufficient time to address pressing land use matters. Consistent with State law, Campbell Municipal Code Section

21.60.090 (Interim Ordinance) similarly authorizes the City Council to adopt such measures on an interim basis, stating that "the City Council may take appropriate action to adopt an urgency measure, as an interim ordinance, in compliance with State law…" An interim ordinance requires a four -fifths vote of the City Council for adoption and is effective for no more than 45 days. The Council may extend the ordinance for an additional 10 months and 15 days following a noticed public hearing. Government Code Section 65858(a) further allows the City Council to adopt a final one -year extension beyond the first extension, subject to additional public notice and hearing requirements pursuant to Government Code Section 65090.

Staff will return to the City Council at the August 4 meeting to request an extension of the interim ordinance prior to the initial 45 -day expiration. It is anticipated that the provisions of this interim ordinance will be incorporated into a pending Miscellaneous Municipal Code Update that will be brought to Council later this year.

The implementation of SB 1123 and this interim ordinance will result in the potential development of more ten unit housing projects throughout the city, including on single family properties, using a ministerial permitting process. As such, similar to the outreach conducted when the City adopted an interim ordinance implementing SB 450 affecting setback standards in single family neighborhoods earlier this year, the Community Development Department intends to send out a notification to stakeholders describing the changes allowed under SB 1123 , to occur prior to the August 4 Council meeting extending the ordinance.

FISCAL IMPACT
10 Packet Pg. 99
PLN-2025-62 | Interim Ordinance for SB 1123 Page 5 of 5 Current economic conditions have severely limited the development of housing projects other than single -family and townhome developments. SB -1123 is expected to expeditiously facilitate the development of small -scale infill townhome projects throughout the City. These projects —comparable in scale to the 523 Union Avenue development currently under construction—can generate between $25,000 and $30,000 in planning entitlement fees, $100,000 to $250,000 in plan review, permit, and final mapping fees, and approximately $22,000 per new unit in park impact fees. In addition, these projects reset and increase the assessed value of properties, resulting in a long - term increase in property tax revenue, of which the City receives a 10–11% share.

ALTERNATIVE
If the Council does not adopt the interim ordinance, SB -1123 must still be implemented pursuant to State law. However, without local codification that reconciles the law with the City’s Zoning Code and adopts local standards as discussed in this report, its effectiveness will be reduced due to a lack of clarity and the continued application of more stringent requirements that may conflict with or frustrate the intent of the statute.

Prepared by:

Stephen Rose, Senior Planner
Reviewed by:

Rob Eastwood, Community
Development Director
Approved by:

Brian Loventhal, City Manager
Attachment:
a. Draft Interim Ordinance - SB 1123
10 Packet Pg. 100

Ordinance No. _____

AN INTERIM ORDINANCE OF THE CITY COUNCIL OF THE CITY OF CAMPBELL ADOPTING URGENCY MEASURES TO IMPLEMENT SENATE BILL NO. 1123 (2024),

REGARDING MINISTERIAL APPROVAL OF SMALL-SCALE HOUSING SUBDIVISIONS WHEREAS, on October 11, 2023, the Governor of the State of California signed into law Senate Bill No. 684 (Caballero), to add Sections 65852.28, 65913.4.5, and 66499.41 to the California Government Code, which collectively authorize a streamlined, ministerial approval process for housing development projects of ten or fewer residential units on urban lots under five acres, and allow the application of objective development and design standards; and WHEREAS, on September 19, 2024, the Governor signed into law Senate Bill No. 1123 (Caballero), "An act to amend Sections 65852.28 and 66499.41 of the California Government Code, relating to land use," which clarified and expanded the eligibility criteria for ministerial approval, including: permitting vacant single -family residential lots up to 1.5 acres; prohibiting the inclusion of accessory dwelling units (ADUs ) and junior accessory dwelling units (JADUs) in the 10 -unit cap; authorizing specified height limits on vacant lots; recognizing tenancy-in-common ownership structures; and reducing the minimum density for non-Housing Element sites to 66 percent of maximum allowable density; and WHEREAS, the provisions of Senate Bill No. 1123 will become operative on July 1, 2025, and in the absence of locally adopted development standards, requirements, and implementation procedures, the bill’s mandates could conflict with existing provisions of the Campbell Municipal Code and thereby create uncertainty, inconsistencies, and administrative obstacles to the implementation of the law; and
WHEREAS, certain development standards, requirements, and permitting procedures in the Campbell Municipal Code are currently inconsistent with the provisions authorized under Senate Bill No. 1123, including but not limited to lot size minimums, land use definitions, and review procedures; and
WHEREAS, the Community Development Department is studying permanent revisions to the Zoning Code to implement the provisions of Senate Bill No. 1123 and to protect the public safety, health, and welfare; and
WHEREAS, to ensure compliance with Senate Bill No. 1123 prior to its operative date, this interim ordinance establishes ministerial approval procedures, eligibility criteria, subdivision requirements, and objective development standards for qualifying small -scale housing development projects, including provisions for vacant single-family parcels, minimum lot sizes, and affordability obligations; and
WHEREAS, Interim Ordinance No. 2313, as extended by Interim Ordinance No. 2317, enacted interim subdivision standards and map processing procedures to implement Senate Bill No. 684, which shall be terminated by this interim ordinance, except for interim Chapter

20.13 (Subdivision Standards), the interim revisions to Section 20.16.030 (Action on tentative parcel maps), and the interim deletion of Section 20.16.035 (Exception to access requirements), which were incorporated by reference into Interim Ordinance No. 2321, as extended by Interim Ordinance No. 2223; and

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Attachment: Draft Interim Ordinance - SB 1123 (PLN-2025-62 | Interim Ordinance for SB 1123)

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WHEREAS, California Government Code Sections 65852.28(e), 65913.4.5(b) and 66499.41(i) authorize local governments to adopt ordinances implementing the provisions of Senate Bill No. 1123; and
WHEREAS, pursuant to California Government Code Section 65858 and Campbell Municipal Code Section 21.60.090, the City Council may adopt an interim ordinance as an urgency measure to protect the public health, safety, and welfare; and WHEREAS, it is not the intent of this interim ordinance to preclude or deny approvals necessary for the development of housing projects that include a significant component of multifamily housing; and
WHEREAS, based on the foregoing findings, the City Council further finds that there exists a current and immediate threat to the public health, safety, and welfare, and that the approval of additional subdivisions, use permits, variances, building permits, or any other applicable entitlement for use in conflict with this ordinance would exacerbate that threat; and WHEREAS, adoption of this interim ordinance is not a project for purposes of the California Environmental Quality Act (CEQA), pursuant to California Government Code Sections 65852.28(e), 65913.4.5(b), and 66499.41(i), which exempt the implementation of these statutory provisions from CEQA review.

NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF CAMPBELL DOES HEREBY ORDAIN AS FOLLOWS:

SECTION 1 (PURPOSE): This interim ordinance establishes temporary provisions to Title 21 (Zoning) of the Campbell Municipal Code to facilitate the construction of starter home projects and the creation of urban lot splits, as specified by Government Code Sections 65852.28, 65913.4.5, and 66499.41. These provisions ensure compliance with state law reiterating local standards and procedures for ministerial review of qualifying small -scale housing development projects and subdivisions. The provisions of this interim ordinance shall supersede any conflicting provisions within Title 21 (Zoning), all other provisions shall remain in full force and effect.

SECTION 2 (APPLICABILITY) : This interim ordinance applies exclusively to voluntary applications for "starter home projects," as defined herein. Property owners or their authorized representatives may continue to exercise subdivision rights for conforming subdivisions in compliance with Title 20 (Subdivision and Land Development) of the Campbell Municipal Code and the California Subdivision Map Act.

SECTION 3 (DEFINITIONS): In addition to the terms defined by Section 21.72.020 (Definitions of specialized terms and phrases) and Section 4 (Definitions) of interim ordinance No. 2321, the following terms shall have the following meanings as used in this interim ordinance. Where a conflict may exist, the definitions provided in this section shall prevail over any other definition.

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“Final map” means a final map, including parcel maps, prepared in accordance with the Subdivision Map Act (Government Code Section 66410 et seq.) and Title 20 (Subdivisions and Land Development), and based upon an approved or conditionally approved tentative map.
“Living area” means the finished and heated floor area fully enclosed by the inside surface of walls, windows, doors, and partitions, and having a headroom of at least six and one-half feet, including working, living, eating, cooking, sleeping, stair, hall, service, a nd storage areas, but excluding garages, carports, parking spaces, cellars, half -stories, and unfinished attics and basements.
“Starter home project ” means a proposal to create two or more new lots or new residential condominiums through the filing of a tentative map pursuant to Government Code Section 66499.41, for a housing development project containing no more than ten primary dwelling units in accordance with Government Code Section 65852.28. "Tentative map" means a tentative map, including tentative parcel maps, prepared in accordance with the Subdivision Map Act (Government Code Section 66410 et seq.) and Title 20 (Subdivisions and Land Development).
"Vacant" means a lot having no permanent structure, unless the permanent structure is abandoned and deemed uninhabitable by the Building Official, excluding (1) housing that is subject to a recorded covenant, ordinance, or law that restricts rent or sales price to levels affordable to persons and families of low, very low, or extremely low income; (2) housing that is subject to any form of rent or sales price control through a local public entity’s valid exercise of its police power; and (3) housing occupie d by tenants within the five years preceding the date of the starter home project application, including housing that has been demolished or that tenants have vacated prior to the submission of the application.

SECTION 4 (SITE ELIGIBILITY): A starter home project may only be created on a parcel(s) satisfying all of the following general requirements. An application for a starter home project on a parcel(s) not satisfying these requirements shall not be accepted by the Community Development Director pursuant to Section 21.38.040.E (Community Development Director’s determination):

A. Zoning district. The parcel(s) is located within one of the following zoning districts, as defined by Chapter 21.04 (Establishment of Zoning Districts):

1. A multi-family residential zoning district;

2. A mixed-use zoning district;

3. The Single-Family (R-1) Residential Zoning District, provided that the parcel is vacant;

4. A legacy zoning district, provided that the parcel’s General Plan land use designation directly corresponds to a multi -family residential or mixed -use zoning district, as specified in Section 21.04.020, Table 21.04 -01 (Zoning Districts and General Plan Designations); or

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5. A legacy zoning district, provided the parcel is vacant and its General Plan land use designation directly corresponds to the Single -Family (R -1) Residential Zoning District, as specified in Section 21.04.020, Table 21.04 - 01 (Zoning Districts and General Plan Designations).

B. Legal parcel. The parcel(s) has been legally created in compliance with Title 20 (Subdivisions and Land Development) and the Subdivision Map Act (Government Code Section 66410 et seq.), as applicable at the time the parcel(s) was created.

The City Engineer may require a certificate of compliance to verify conformance with this requirement.

C. Vacant parcel. A parcel located within the Single-Family (R-1) Residential Zoning District shall only be eligible for a starter home project if it will meet the definition of “vacant,” as provided in this interim ordinance, no later than the date of recordation of a final map or issuance of a building permit, whichever occurs first.

D. Lot area. The parcel(s) does not exceed the following net lot areas, based on the applicable zoning district:

1. If located within a multi -family residential or mixed -use zoning district: Five (5) acres; or

2. If located within the Single-Family (R-1) Residential zoning district: One and one-half (1½) acres.

E. Substantially surrounded by qualified urban uses. The parcel(s) abuts, or is separated only by an improved public right -of-way from, existing residential, commercial, institutional, public, retail, or transit uses (e.g., light rail lines or passenger terminals) along at least 75 percent of the lot’s perimeter. The remaining portion must abut, or be similarly separated from, properties designated for such uses in the General Plan.

F. Urban lot split. The parcel(s) was not created by a parcel map approved pursuant to Chapter 20.14 (Urban Lot Splits) in accordance with Government Code Section 66411.7.

G. Ellis Act. The parcel(s) is one in which an owner of residential real property has not exercised their rights under Chapter 12.75 (commencing with Section 7060) of Division 7 of Title 1 of the Government Code to withdraw accommodations from rent or lease within 15 years before the date of application for a starter home project.

H. Hazardous waste site . The parcel(s) is not identified as a hazardous waste site pursuant to Government Code Section 65962.5 or a hazardous waste site designated by the Department of Toxic Substances Control pursuant to Health and Safety Code Section 25356.

Exception: This restriction shall not apply where the parcel has been cleared for residential use or mixed -use development by the Department of Public Health, State Water Resources Control Board, or Department of Toxic Substances Control.

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I. Flood zone. The parcel(s) is not located within a special flood hazard area or a regulatory floodway , as shown on official maps published by the Federal Emergency Management Agency (FEMA).

Exception: This restriction shall not apply where FEMA has issued a Letter of Map Revision (LOMR) or Letter of Map Amendment (LOMA) for the parcel(s), where the starter home project is constructed in compliance with Chapter 21.22 (Flood Damage Prevention), or where a no -rise certification has been granted in accordance with Section 60.3(d)(3) of Title 44 of the Code of Federal Regulations.

J. Earthquake fault zone. The parcel(s) is not located within a delineated earthquake fault zone, as identified in official maps published by the California Geological Survey.

Exception: This restriction shall not apply if the development complies with applicable seismic protection building code standards, including those adopted by the California Building Standards Commission under the California Building Standards Law (Part 2. 5, commencing with Section 18901, of Division 13 of the Health and Safety Code) and Chapter 12.2 (commencing with Section 8875) of Division 1 of Title 2 of the Government Code, as determined by the Building Official.

K. Natural habitat . The parcel(s) is not recognized by the City as a habitat for protected species identified as candidate, sensitive, or species of special status by state or federal agencies, fully protected species, or species protected by the federal Endangered Species Act of 1973 (16 U.S.C. Section 1531 et seq.), the California Endangered Species Act (Chapter 1.5 (commencing with Section 2050) of Division 3 of the Fish and Game Code), or the Native Plant Protection Act (Chapter 10 (commencing with Section 1900) of Division 2 of the Fish and Game Code).

L. Fire hazard severity zone. The parcel(s) is not located within either (a) a very high fire hazard severity zone, as designated by the Department of Forestry and Fire Protection pursuant to Government Code Section 51178, or (b) a high or very high fire hazard severity zone as shown on maps adopted by the Department pursuant to Public Resources Code Section 4202.

M. Community conservation plan. The parcel(s) is not located on land identified for conservation in an adopted natural community conservation plan pursuant to the Natural Community Conservation Planning Act (Chapter 10 (commencing with Section 2800) of Division 3 of the Fish and Game Code), habitat conservation plan pursuant to the federal Endangered Species Act of 1973 (16 U.S.C. Sec. 1531 et seq.), or other adopted natural resource protection plan , or subject to a conservation easement.

N. Demolished housin g. For a parcel(s) where a prior dwelling unit(s) was demolished within the last five years, the demolished unit(s) was not occupied by a tenant at any time during the five years preceding the date of the starter home project application. The date of demoli tion shall be either the date a demolition

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permit was issued or the date the City documented that an unlawful demolition was performed without a permit.

Exception: This restriction shall not apply to housing that was destroyed by earthquake, fire, flood, wind, or other calamity or act of God or the public enemy, clearly beyond the control of the property owner, as determined by the Building Official.

SECTION 5 (PROJECT ELIGIBILITY). A starter home project shall only qualify for approval under this interim ordinance if the following eligibility requirements are satisfied. An application not eligible for approval as a starter home project shall not be accepted by the Community Development Director pursuant to Section 21.38.040.E (Community Development Director’s determination).

A. Number of units . The starter home project includes no more than ten primary dwelling units, excluding any junior accessory dwelling units.

B. Number of lots. The starter home project results in at least two, but no more than ten new lots, excluding common lots. For the purposes of this section, the term "lots" includes residential condominiums.

C. Minimum density . The starter home project satisfies the following minimum densities, as applicable.

1. Housing opportunity sites. For parcels identified as housing opportunity sites in the City’s Housing Element, the starter home project results in at least as many primary dwelling units as projected in the Housing Element, provided the number projected is ten or fewer. If the parcel is identified to accommodate low- or very low-income households, the project includes at least as many low- or very low-income units as projected, subject to a recorded affordability restriction for a period of 55 years in accordance with Chapter 21.24 (Inclusionary Housing Ordinance).

2. All other sites. For parcels not identified as housing opportunity sites in the Housing Element, the starter home project results in a number of primary dwelling units needed to achieve a density equal to the greater of:
a. Sixty-six percent (66%) of the maximum allowable residential density for the parcel as established by the General Plan; or
b. 19.8 units per gross acre, as sixty-six percent (66%) of the default density specified in Government Code Section 65583.2(c)(3)(B).

D. Replacement housing. If the starter home project includes demolition of existing dwelling units, other than those prohibited by subsection F (Existing housing), the project will create at least as many new residential dwelling units as will be demolished, in compliance with Government Code Section 66300.6(a).

E. Density bonus. The starter home project does not utilize Density Bonus Law pursuant to Government Code Section 65915 in a manner that results in more

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than ten primary dwelling units, including any density bonus units, or that includes requested waivers, concessions, or incentives that conflict with any requirement or standard mandated by Government Code Sections 65852.28, 65913.4.5, or 66499.41, or that would otherwise be contrary to state or federal law.

F. Existing housing. The starter home project does not result in the demolition or alteration of any of the following types of housing:

1. Housing that is subject to a recorded covenant, ordinance, or law that restricts rent or sale price to levels affordable to persons and families of low-, very low-, or extremely low-income;

2. Housing that is subject to any form of rent or price control through a public entity’s valid exercise of its police power; or

3. Housing that was occupied by tenants at any time within the five years preceding the date of the application for the starter home project, including housing that has been demolished or that tenants vacated prior to the application submission date.

SECTION 6 (OBJECTIVE STANDARDS ). A starter home project shall comply with the following objective standards, except as provided by Section 7 (Exceptions to objective standards). Standards provided elsewhere in the Multi -Family Development Design Standards (MFDDS), adopted pursuant to Chapter 21. 07 (Housing Development Regulations), not expressly identified in this section, shall not apply.

A. Subdivision standards. The subdivision proposed by a starter home project shall comply with Title 20 (Subdivisions and Land Development), including interim Chapter 20.13 (Subdivision Standards) and interim Section 20.16.030 (Action on tentative parcel maps), and the following objective standards.

1. Minimum net lot area. The subdivision shall result in lots that meet the following minimum net lot area requirements:
a. New lots, excluding common lots, created from a parcel in a multi- family residential or mixed-use zoning district shall have a minimum net lot area of 600 square feet.
b. New lots, excluding common lots, created from a vacant parcel in the Single-Family (R-1) Residential Zoning District shall have a minimum net lot area of 1,200 square feet.

2. Form of subdivision. The subdivision shall result in one of the following ownership forms:
a. Fee simple ownership lots;
b. Common interest development s (including community apartment projects, condominium projects, planned developments, and stock cooperatives, as defined in Civil Code Section 4100);
c. Interests in a housing cooperative, as defined in Civil Code Section 817;

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d. Lots owned by a community land trust, as defined in Government Code Section 66499.41(a)(4)(D); or
e. Interest in a tenancy in common, as described in Civil Code Section 685.

3. Map Act compliance. The subdivision shall conform to all applicable objective requirements of the Subdivision Map Act, except as otherwise expressly provided in this interim ordinance and Government Code Section 66499.41.

4. Utility access. Each new lot shall be served by the local water purveyor and the sanitation district.

5. Preservation of existing dwelling ownership. To ensure unified ownership of existing dwelling units is maintained, and in accordance with Government Code Section 66499.41(a)(13), the subdivision shall not result in any existing dwelling unit on the parcel being transferred or sold under a separate ownership title from any other existing dwelling unit on the same parcel. Examples of non-compliant subdivisions include, but are not limited to: (1) subdividing a parcel to create separate ownership titles for existing dwelling units, allowing them to be sold independently; (2) dividing a parcel with multiple detached units into separate parcels, each with its own title, permitting individual sales; and (3) converting existing rental units into condominiums, resulting in separate ownership titles for each unit.

B. Zoning standards. The primary dwelling units proposed by a starter home project shall comply with the general development standards provided by Table 1 (Starter Home Project Development Standards):

Table 1
(Starter Home Project Development Standards)
Development Standards Requirement (1) (2)
Minimum
Setbacks from
Original Lot Lines
(3)
Front
Primary
Dwelling
Unit
As specified by the applicable form-based-zone in MFDDS Chapter 3 (Sections 3.030 through 3.090), subsection ‘5’ (Building Placement)
Parking
Facilities
(4)
As specified by the applicable form-based-zone in MFDDS Chapter 3 (Sections 3.030 through 3.090), subsection ‘7’ (Parking), except that the front setback shall be reduced to 25 feet.

Interior
4 feet Rear
Street Side
Minimum
Setbacks from
New Lot Lines (3)
(5)
Front
Primary
Dwelling
Unit
As specified by the applicable form-based-zone in MFDDS Chapter 3 (Sections 3.030 through 3.090), subsection ‘5’ (Building Placement) (6)
Parking
Facilities
(4)
As specified by the applicable form-based-zone in MFDDS Chapter 3 (Sections 3.030 through 3.090), subsection ‘7’

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(Parking), except that the front setback shall be reduced to 25 feet.

Interior (when between
dwelling units) (7) None, except as otherwise required by the California Building Code Rear (when between
dwelling units) (7)
Street Side 4 feet
Height Limitations
- Primary Dwelling
Units (8)
Maximum Number of
Stories As specified by the applicable form-based-zone in MFDDS Chapter 3 (Sections 3.030 through 3.090), subsection ‘4’ (Building Form) Maximum Overall
Building Height
Maximum Eave/Parapet
Height
No Maximum Minimum Ground Floor
Finish Level
Minimum Floor-to-Floor
(Ground Floor) Height
Building Intensity
Limitations
Maximum Floor Area No Maximum Maximum Lot Coverage
Separation Between Primary Dwelling Units
and Accessory Structures
As specified by Campbell Municipal Code Section

21.36.020 (Accessory structures)
Minimum Open Space Not Applicable
Living Area Minimum (each unit) 150 square feet, subject to the restrictions specified by Health and Safety Code Section 17958.1
Maximum (average) 1,750 square feet (9)
Notes:

1. Where a reference to the Multi-Family Development Design Standards (MFDDS) is provided, the standard shall apply to a lot line, rather than a design site line.

2. Starter home projects located in the Single-Family (R-1) Residential zoning district shall be assigned a presumed form-based-zone designation of T3 Neighborhood (T3N) in accordance with MFDDS § 2.040 (Relationships between zones in general plan land use de signations), as the most restrictive form-based zone assigned to land uses of comparable density.

3. See Section 21.18.040.B (Exceptions) for applicable exceptions to setback and building separation distance requirements.

4. Applies to the vehicular entry to garages, carports, and uncovered parking stalls, measured perpendicularly from the public right-of-way to the nearest point of the garage door, the threshold of a carport or garage entry (without doors), or the outer edge of a parking stall, respectively. All other applicable setbacks continue to apply to these parking facilities. This setback does not apply to parking facilities with vehicular entries that are angled or parallel to the public right-of-way.

5. New lot lines include those proposed by a tentative map, as well as lot lines resulting from dedication of public right-of-way required pursuant to Chapter 11.24 (Street Improvements).

6. If a new front lot line is created as a result of a public right-of-way dedication pursuant to Chapter 11.24 (Street Improvements), the minimum front setback shall be reduced by an amount equal to the depth of the land required to be dedicated along that frontage

7. In the event a new side or rear lot line is created that is not located between dwelling units, a minimum setback of 4 feet shall apply

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8. See Section 21.18.050 (Exceptions to height provisions) for applicable exceptions to the maximum height standard.

9. The average total living area shall be calculated by dividing the combined living area of all units in the starter home project by the total number of primary dwelling units.

C. Site development standards. Starter home projects shall comply with the applicable standards contained in Chapter 21.18 (Site Development Standards), Chapter 21.26 (Landscaping), Chapter 21.28 (Parking and Loading), and Chapter

21.32 (Tree Protection Regulations), except as modified or supplemented by the Multi-Family Development Design Standards (MFDDS) as specified below:

1. Fences and screens. Fences and screening shall comply with MFDDS Section 4.020 (Screening).

2. Landscaping and lighting. Landscaping and lighting shall comply with MFDDS Section 4.030 (Landscaping and Lighting), except that the tree preservation requirements of Chapter 21.32 (Tree Protection Regulations) shall not apply to any tree with a diameter of 24 inches or less.

3. Parking. Parking facilities shall comply with MFDDS Section 4.040 (Parking and Loading), except that no more than one parking space (covered or uncovered) per primary dwelling unit shall be required for parcels that are not otherwise exempt from parking requirements under Section 21.28.045.A (Projects located within one-half mile of public transit).

4. Utilities and equipment. Utilities, equipment, and waste storage areas shall comply with MFDDS Section 4.050 (Service and Utility Standards), except that the requirement to replace overhead utility lines with new underground services, as provided in Section 21.18.140.B.2 (Frontage lines and poles), shall not apply.

D. Design standards . The design requirements of MFDDS Chapters 5 (Specific to Building Types), Chapter 6 (Specific to Private Frontage Types), and Chapter 7 (Architectural Standards) shall not apply to starter home projects, except for the bird- safe window treatment requirement specified in MFDDS Section 7.080 (Bird Safety), excluding subsection 1.B.

E. Other standards. In addition to the subdivision, zoning, and design standards set forth in this section, applications for starter home projects shall demonstrate compliance with the following general applicable requirements:

1. Accessibility. For starter home projects that include three or more dwelling units, accessible paths of travel, parking stalls, and adaptable dwelling units shall comply with the applicable provisions of California Building Code Chapter 11A, including Section 1102A.3.1. All ground floor dwelling units in buildings without elevators shall be designed as adaptable, incorporating features such as accessible entries, maneuvering clearances, and bathroom and kitchen configurations capable of future accessibility upgrades.

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2. Accessory dwelling units. In accordance with Government Code Section 66499.41(g), accessory dwelling units shall not be permitted. However, one junior accessory dwelling unit is allowed per primary dwelling unit, provided it is located entirely within the living area of the associated primary dwelling unit.

3. Stormwater management. The type, location, and design of site design measures, source control measures, and stormwater treatment measures shall comply with Chapter 14.02 (Stormwater Pollution Control) and interim Chapter 20.13 (Subdivision Standards).

SECTION 7 (EXCEPTIONS TO OBJECTIVE STANDARD S). If any objective standards required by this interim ordinance , but not otherwise mandated or authorized under Government Code Sections 65852.28, 65913.4.5, or 66499.41, would have the effect of physically precluding a starter home project from achieving a density of up to 30 dwelling units per gross acre, the Commun ity Development Director shall grant an exception as specified below.

A. Request. A request for an exception shall be explicitly included in the application for a starter home project.

B. Fee. A request for an exception shall be subject to a fee as established by the City’s Schedule of Fees and Charges.

C. Determination. The Community Development Director shall grant an exception only to the minimum extent necessary to remove a physical constraint that would otherwise prevent the starter home project from achieving the number of primary dwelling units resulting from a density of no greater than 30 dwelling units per gross acre. An exception shall not be granted if the starter home project can feasibly be redesigned to comply with the objective standards of this interim ordinance while still achieving the allowable number of primary dwelling units with an average living area of 1,750 square feet per unit, without requiring a change from the proposed building type (e.g., townhomes, detached single family).

D. Remedy. If a disagreement arises regarding the Community Development Director’s application of this section, the procedures for interpretations in Section

21.02.030 (Procedures for interpretations) shall apply, including provisions for appeal.

SECTION 8 (GENERAL REQUIREMENTS AND RESTRICTIONS ). The following requirements and restrictions are generally applicable to all housing development projects and may be imposed as conditions of approval by the Community Development Director, as applicable.

A. Acoustical studies. An acoustical study shall be submitted and its recommendations incorporated into the construction drawings, in compliance with Section 21.16.070 (Noise) and the Noise Element of the General Plan, prior to building permit issuance.

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B. Air quality reports. An air quality report shall be submitted and its recommendations incorporated into the construction drawings, in compliance with General Plan Action COS-10.b, prior to building permit issuance.

C. Building and Fire Codes. Title 18 (Building Codes and Regulations) and Title 17 (Fire Protection), incorporating the California Building Code and California Fire Code, apply to all starter home projects.

D. Construction Management Plan. Prior to issuance of a building permit, a construction management plan defining best management practices to reduce construction noise and identifying proposed truck routes, in accordance with General Plan Action N-1.11, shall be provided.

E. Density bonus. If the starter home project utilizes Density Bonus Law pursuant to Government Code Section 65915, an affordable housing agreement, in accordance with Chapter 21.20 (Density Bonus and Other Incentives), shall be recorded prior to final map recordation.

F. Encroachment permits. Separate encroachment permits shall be required for the installation of utilities serving the starter home project, or as otherwise required by the City Engineer. Applicants shall apply for and pay all applicable fees for sanitary sewer, water, electric, and other utility work.

G. Homeowners’ association. If a starter home project includes a common ownership lot or otherwise constitutes a common interest development, a homeowners’ association shall be established in accordance with the Davis-Stirling Common Interest Development Act (Part 5, commencing with Section 4000, of Division 4 of the Civil Code). A draft of Covenants, Conditions, and Restrictions (CC&Rs) shall be submitted for review and approval by the City Attorney prior to final map recordation.

H. Inclusionary housing. In accordance with Government Code Section 66499.41(a)(7), the applicant shall provide affordable housing units or pay a fee in- lieu as may be required by Chapter 21.24 (Inclusionary Housing Ordinance), as well as any low- or very low-income units required by Section 21.25.050(C)(1) (Minimum density), as specified in Government Code Section 66499.41(a)(5)(A).

An inclusionary housing agreement shall be recorded prior to final map recordation.

I. Landscaping maintenance. All landscaping shall be maintained in compliance with Section 21.26.040 (Landscaping maintenance requirements) and Section

21.16.110.C.2 (Landscape maintenance).

J. Park impact fee. A fee in-lieu of parkland dedication shall be paid in association with the creation of each new lot in compliance with Chapter 20.24 (Park Impact Fees and Park Land Dedication Subdivisions).

K. Private maintenance agreements. If a homeowners’ association is not required, and shared maintenance of access ways, utilities, or other private infrastructure is necessary, a private maintenance agreement, road maintenance agreement, or

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other mechanism acceptable to the City Attorney shall be recorded prior to issuance of a certificate of occupancy, consistent with Government Code Section 66499.41(b)(2).

L. Public improvements and dedications. The City Engineer may require the installation of public improvements and right-of-way dedications consistent with City standard specifications, to be provided in compliance with Chapter 11.24 (Street Improvements). A street improvement agreement obligating the installation of such improvements shall be recorded prior to final map recordation.

M. Site maintenance. All exterior areas of the project site shall be kept free from graffiti, trash, rubbish, and litter in compliance with Section 21.16.110 (Site maintenance).

N. Urban lot splits. New lots created by a starter home project shall not be further subdivided pursuant to Chapter 20.14 (Urban Lot Splits), consistent with Government Code Section 66499.41(h)(1). The Community Development Director shall require recordation of a deed restriction on each new lot created by the starter home project to document this restriction.

O. Waste management. Refuse and recycling receptacles shall be kept within the solid waste storage area except during collection, in accordance with Chapter 6.04 (Discarded Materials and Excluded Waste Management).

SECTION 9 (APPLICATION PROCESS ). Applications for starter home projects shall be submitted and processed in compliance with the following requirements:

A. Application types. Starter home projects shall be reviewed ministerially by the Community Development Director through concurrent consideration of a tentative map application for the proposed subdivision and a Zoning Clearance application for the housing development project to be constructed in conjunction with the subdivision. The permitting provisions of Chapter 21.42 (Site and Architectural Review) and Chapter 21.07 (Housing Development Regulations) shall not apply.

B. Application filing. Applications for starter home projects shall be filed concurrently with the Community Development Department, in accordance with Chapter 21.38 (Application Filing, Processing, and Fees).

C. Review process. The Community Development Director shall ministerially review applications for starter home projects in accordance with Chapter 21.39 (Ministerial Approvals). If the Community Development Director determines that the starter home project is eligible for approval and complies with the objective standards and general requirements of State law and this interim ordinance, as applicable, the Zoning Clearance and tentative map shall be approved.

D. Conditions of approval. Approval of a starter home project may include standard conditions of approval that are objective, non-discretionary, and uniformly applicable to housing development projects, as necessary to fulfill the requirements of this interim ordinance or any other applicable provision of the Municipal Code.

The Community Development Director may also condition recordation of a final

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map upon the completion of at least one primary dwelling unit, in compliance with the California Building Standards Code, on each new lot, excluding common lots, that does not already contain an existing legally permitted dwelling unit, in accordance with Government Code Section 66499.41(e).

E. Approval expiration. Approval of a Zoning Clearance application and associated tentative map shall be valid for two years. Within this period, either the final map shall be recorded with the Office of the Santa Clara County Clerk-Recorder or a building permit for the starter home project shall be issued, in accordance with Section 21.56.030 (Permit time limits and extensions).

F. Disapproval. The Community Development Director may disapprove a starter home project that meets the requirements of this interim ordinance only if a written finding is made, based on a preponderance of the evidence, that the project would result in a specific, adverse impact on public health or safety, as defined in Government Code Section 65589.5(d)(2), and that no feasible method exists to satisfactorily mitigate or avoid the impact.

SECTION 10 (PROJECTS DEEMED APPROVED). If the City fails to approve the completed applications for a starter home project with sixty (60) days, and the project is deemed approved by operation of law, all applicable objective standards of this interim ordinance shall apply as conditions of approval. These standards shall apply to the same extent as if the project were approved ministerially pursuant to this interim ordinance.

SECTION 11 (EARLY BUILDING PERMIT ISSUANCE). Notwithstanding Section 21.56.050 (Issuance of Building Permits), the Building Official shall issue a building permit for one or more primary dwelling units in a starter home project prior to recordation of a parcel map or tract map, provided the following criteria are met and the issuance is consistent with Government Code Section 65913.4.5.

A. Approved project. The starter home project has been approved by the Community Development Director.

B. Complete building permit application. A building permit application has been deemed complete by the Building Official pursuant to Government Code Section 65913.3(b).

C. Covenant and agreement. The property owner has executed and recorded a covenant and agreement, in a form acceptable to the City Attorney, stating that no final inspection, certificate of occupancy, or temporary certificate of occupancy shall be granted for any dwelling constructed under an early-issued building permit until the final map is recorded. The covenant and agreement shall be binding upon the property owner and all successors in interest.

D. Security. Any required right-of-way improvements or dedications imposed as a condition of the Community Development Director’s approval of a starter home project shall, to the satisfaction of the City Engineer, be secured by a bond or letter of credit as follows:

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1. Amount. The bond or letter of credit shall be in an amount equal to three hundred percent (300%) of the City Engineer's estimated value of the required improvements.

2. Timing. The bond or letter of credit shall be provided prior to issuance of a building permit.

3. Release. Upon completion of the required right-of-way improvements and/or dedications, the City Engineer shall release the bond or letter of credit and provide written documentation confirming that the property owner’s obligation has been fulfilled.

4. Form of surety. Letters of credit and performance bonds shall satisfy the following requirements:
a. Letters of credit shall be issued by a financial institution regulated by a state or federal agency and shall certify that the funds necessary to complete the required right-of-way improvements or dedications are on deposit and guaranteed for payment. An instrument of credit issued by a state, federal, or local government agency may also be accepted, provided the agency is financing at least twenty percent (20%) of the cost of the required improvements or dedications. b. Performance bonds shall be issued by one or more duly authorized corporate sureties and shall guarantee the required public improvements and/or right-of-way dedications.

E. Denial. Notwithstanding the provisions of this section, the Building Official may deny the issuance of a building permit prior to recordation of a final map by making a written finding, based upon a preponderance of the evidence, that construction of the proposed structure or structures before recordation of the final map would have a specific, adverse impact, as defined and determined in paragraph (2) of subdivision (d) of Government Code Section 65589.5, upon public health and safety and for which there is no feasible method to satisfactorily mitigate or avoid the specific, adverse impact.

SECTION 12 (SEVERABILITY): If any section, subsection, sentence, clause, or phrase of this interim ordinance is for any reason held to be invalid or unconstitutional by a decision of any court of competent jurisdiction, such decision shall not affect the validity of the remaining portions of the interim ordinance. The City Council hereby declares that it would have passed this interim 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 13 (STATE LAW). Any provision of this interim ordinance which is inconsistent with Sections 65852.28, 65913.4.5, and 66499.41 of the California Government Code shall be interpreted in a manner which is the most limiting on the ability t o allow construction of two units to effectuate an urban lot split, but which is consistent with State law. The provisions of this interim ordinance shall supersede and take precedence over any inconsistent provision of the Campbell Municipal Code to that extent necessary to effect the provisions of this interim ordinance for the duration of its effectiveness.

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Campbell City CouncilJuly 1, 2025

Campbell City Council
July 1, 2025