City Council Agenda
City of Campbell, 70 N. First St., Campbell, California NOTE: This City Council Regular meeting will be conducted in person as well as telecommunication and is compliant with 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 12:00 p.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, November 04, 2025 07:00 PM
City Hall Council Chamber - 70 N. First Street
CALL TO ORDER/ROLL CALL
PLEDGE OF ALLEGIANCE
SPECIAL PRESENTATIONS AND PROCLAMATIONS
Please Note: Items listed under Special Presentations and Proclamations are considered ceremonial. The City Council will not take action on these matters.
Proclamation Recognizing the Future Speakers Initiative Page 6 Recommended Action
That the mayor issue a proclamation in recognition of the Future Speakers Initiative.
COMMUNICATIONS AND PETITIONS
1. 2.
3. 3.1
4. 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.
Minutes of City Council Executive Session Meeting of October 21, 2025
Recommended Action
Approve the executive session meeting minutes of October 21, 2025 Minutes of City Council Regular Minutes of October 21, 2025. Page 11 Recommended Action
Approve the regular meeting minutes of October 21, 2025.
Approving Bills and Claims Page 24
Recommended Action
Approve the bills and claims in the amount of $2,772,992.16 Monthly Investment Transactions Report (September 2025) Page 26 Recommended Action
That the City Council review and accept the Monthly Investment Transactions Report for September 2025.
Investment Report - Quarter Ending September 2025 Page 71 Recommended Action
That the City Council approve the Investment Report for the quarter ending
5. 6.
7. 7.1
7.2 7.3
7.4 7.5
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September 2025 and the report be noted and filed
Monthly Treasurer’s Report (September 2025) Page 122
Recommended Action
That the City Council review and accept the Monthly Treasurer’s Report for the month ended September 30, 2025.
Second Reading of Ordinance 2336 Adopting the 2025 California Building and Fire Codes.
Recommended Action
It is recommended that the City Council take second reading for adoption of Ordinance 2336.
PUBLIC HEARINGS AND INTRODUCTIONS 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.
NEW BUSINESS
Resolution Approving and Awarding a Construction Contract with American Ramp Company, in an Amount of $370,057 to Provide Equipment and Installation Services for the Community Center Skate Park Renovation (Project No. 25-OO); and Authorization for the City Manager to Execute Said Contract as Specified in Campbell Municipal Code Section 3.20.100 (Resolution/Roll Call Vote)
Recommended Action
That the City Council adopt a resolution: 1) approving and awarding a construction contract with American Ramp Company, in an amount of $370,057 to provide equipment and installation services for the Community Center Skate Park Renovation (Project No. 25-OO), and allow the City to dispense with its formal bidding procedures as specified in Campbell Municipal Code (CMC) Section
3.20.030(6) for the procurement of these services through the City’s membership with Sourcewell (a Cooperative Purchasing Firm) and American Ramp Company’s (ARC) participation as a Sourcewell-certified vendor; and 2) authorizing the City Manager to execute said Construction Contract as specified in Campbell Municipal Code Section 3.20.100.
7.6 7.7
8. 9.
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Approval of Plans and Specifications, Authorization to Solicit Bids, Award and Approve Contract, and Other Associated Actions for the Campbell City Hall – ADA Counter Improvements (Project No. 24-VV) (Resolution/Roll Call Vote)
Recommended Action
That the City Council adopt a resolution 1) approving the plans and specifications for the Campbell City Hall – ADA Counter Improvements (Project No. 24-VV); 2) authorizing the solicitation of bids; 3) awarding and approving the subsequent construction contracts to the lowest, responsive bidder for Phase 1 in an amount not to exceed $480,000, plus a 10% contingency of $48,000 and Phase 2 in an amount not to exceed $270,000, plus 10% contingency of $27,000; 4) authorizing the City Manager to execute said contracts as specified in Campbell Municipal Code Section
3.20.100; 5) authorizing the City Engineer to negotiate and execute contract change orders up to and within the allocated construction contingency; and 6) authorizing the Public Works Director to reject bids and rebid the project, should bids received have unamenable irregularities.
2026 City Council Meeting Schedule Page 235
Recommended Action
That the City Council adopt a resolution approving the 2026 City Council meeting schedule.
UNFINISHED BUSINESS
COUNCIL COMMITTEE REPORTS
Approve Appointments to the Civic Improvement Commission and the Historic Preservation Board
Recommended Action
That the City Council approve the recommendation of the Advisory Commissioner Appointment Interview Subcommittee regarding appointments to the Civic Improvement Commission for two full terms expiring August 2029, and the Historic Preservation Board for one full term expiring October 2029.
Council Committee Reports Page 246
Recommended Action
That the City Council report on activities from their committee assignments.
9.2 9.3
10. 11.
11.1 11.2
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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://pub-campbell.escribemeetings.com 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.
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City Council Report
DATE: November 4, 2025
TITLE: Proclamation Recognizing the Future Speakers Initiative RECOMMENDED ACTION:
That the mayor issue a proclamation in recognition of the Future Speakers Initiative.
BACKGROUND
The Future Speakers Initiative (FSI) was established by Yashnil Mohanty and Rishi Nellayappan in 2025. Both are Campbell residents and students at Westmont High School. The Future Speakers Initiative (FSI) is a youth-founded, nonprofit organization that was established with the mission of ensuring that every student, regardless of background, has the opportunity to build confidence, think critically, and speak effectively about issues that matter to them. This organization is dedicated to expanding access to speech, debate, and communication education for all students.
DISCUSSION
Since its founding, FSI has made a meaningful impact on youth across Santa Clara County. As of October 2025, the organization has reached over 400 students, including approximately 275 students through in-person programs and 125 through online bootcamps.
The Future Speakers Initiative (FSI) programs provide training in public speaking, critical thinking, argumentation, leadership, and advocacy, empowering students to express themselves with confidence. The organization is led entirely by high school volunteers, who contribute hundreds of service hours mentoring elementary and middle school students.
FSI continues to expand access to communication education, particularly among underserved communities. Their dedication to empowering young voices helps strengthen our community and fosters the next generation of leaders.
Item 3.1
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FISCAL IMPACT
There is no fiscal impact associated with this item.
PREPARED BY: Kristen Epolite, Deputy City Clerk
Report Approval Details
Document
Title:
Report - Proclamation Recognizing the Future Speakers
Initiative.docx
Attachments: Proclamation - Future Speakers Initiative 2025.docx Final Approval
Date:
October 29, 2025
This document and all of its attachments were approved and signed as outlined below:
Item 3.1
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PROCLAMATION OF THE
MAYOR OF THE CITY OF CAMPBELL
WHEREAS, the Future Speakers Initiative (FSI) was founded by Campbell residents Yashnil Mohanty and Rishi Nellayappan, students at Westmont High School, as a youth-led nonprofit dedicated to expanding access to speech, debate, and communication education for all students; and
WHEREAS, FSI’s mission is to ensure that every student—regardless of background—has the opportunity to build confidence, think critically, and speak effectively about the issues that matter to them; and
WHEREAS, since its founding, FSI has reached over 400 students across Santa Clara County through in-person and online programs, providing free workshops in public speaking, argumentation, and leadership at schools, libraries, and community organizations; and WHEREAS, FSI is led by a team of dedicated high school volunteers who have contributed hundreds of hours teaching and mentoring younger students, demonstrating outstanding youth leadership and community service; and
WHEREAS, FSI continues to expand its impact through online educational resources and outreach to underserved communities, embodying the City of Campbell’s commitment to equity, education, and civic engagement.
NOW, THEREFORE, I, Sergio Lopez, Mayor of the City of Campbell, do hereby recognize and commend the Future Speakers Initiative for its exceptional contributions to empowering youth and strengthening our community through communication education.
WITNESS MY HAND AND SEAL OF THE CITY OF CAMPBELL this 4th day of November, 2025.
___________________________________
Sergio Lopez
Mayor of the City of Campbell
Item 3.1
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CITY COUNCIL MINUTES
City of Campbell, 70 N. First St., Campbell, California
EXECUTIVE SESSION OF THE CAMPBELL CITY COUNCIL
Tuesday, October 21, 2025 6:30 PM Doetsch
Conference Room - 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 it's entirety at: https://pubcampbell.escribemeetings.com PRESENT:
Mayor Lopez
Vice Mayor Furtado
Councilmember Scozzola
Councilmember Bybee
Councilmember Hines
ABSENT:
None
CALL TO ORDER/ROLL CALL
The City Council of the City of Campbell convened this day in the special meeting place, the Doetsch Conference Room, 70 N. First St., Campbell, California.
Roll call was taken and quorum was confirmed.
PUBLIC COMMENT
There was no public comment.
MOVE INTO CLOSED EXECUTIVE SESSION
A. Personnel
B. Litigation - CONFERENCE WITH LEGAL COUNSEL—ANTICIPATED
LITIGATION
Initiation of litigation pursuant to paragraph (4) of subdivision (d) of California Government Code Section 54956.6:9 One case
Item 7.1
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C. Real Property
D. Labor Negotiations
The City Council met in Executive Session to discuss Item B on the agenda. City Attorney Seligmann, City Manager Loventhal and Code Enforcement Officer Sweet were in attendance.
ADJOURN
Mayor Lopez adjourned the meeting at 6:40 p.m.
APPROVED: Sergio Lopez, Mayor
ATTEST: Andrea Sanders, City Clerk
Item 7.1
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CITY COUNCIL MINUTES
City of Campbell, 70 N. First St., Campbell, California
REGULAR MEETING OF THE CAMPBELL CITY COUNCIL
Tuesday, October 21, 2025 07:00 PM 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 it's entirety at: https://pubcampbell.escribemeetings.com PRESENT:
Mayor Lopez
Vice Mayor Furtado
Councilmember Scozzola
Councilmember Bybee
Councilmember Hines
ABSENT:
None
1. CALL TO ORDER/ROLL CALL
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 was taken and quorum was confirmed.
2. PLEDGE OF ALLEGIANCE
The Pledge of Allegiance was led by Mary Hines.
Mayor Lopez presented her a Certificate of Appreciation for leading the Pledge.
3. SPECIAL PRESENTATIONS AND PROCLAMATIONS
Item 7.2
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3.1 Proclamation Declaring the Month of October as “National Breast Cancer Awareness Month” in the City of Campbell
Recommended Action: Issue a proclamation declaring the month of October 2025 as “National Breast Cancer Awareness Month” in the City of Campbell.
Mrs. Hines thanked the Council for recognizing Breast Cancer Awareness Month. She spoke of her own breast cancer experiences and the importance of early detection screenings. She also thanked the Council for lighting the Water Tower pink in honor of Breast Cancer Awareness Month.
Councilmembers thanked Mary for coming and sharing her story. They spoke of the importance of early detection and screening and acknowledged all those who have been affected by this disease.
The Council spoke of the Water Tower being lit and how special it is that Campbell community members care deeply about health and raising awareness.
Mayor Lopez proclaimed the Month of October as National Breast Cancer Awareness Month and presented Mrs. Hines with a proclamation.
3.2 Introduction of 2025-2026 Campbell Youth Commission Recommended Action: To receive Commissioner’s presentation of initial work plan and introduction of 2025-2026 Commissioners.
Recreation Supervisor Lauren Council introduced Alex McCreery Recreation Specialist and Youth Commission staff liaison.
Recreation Supervisor McCreey introduced Youth Commission Chair, Sophie Tuan, who introduced the current Youth Commissioners in attendance.
Vice Chair Sara Kalangi discussed the Youth Commission subcommittee working groups which consisted of Wellness Fitness & Recreation; Life Skills, Civic Engagement, and Career Building; and Community and Leadership. She provided information on the community events they will participate in and their collaboration with the Civic Improvement Commission.
The Councilmembers thanked the commission for their presentation; spoke of the good work and well run program they had in place; Item 7.2
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welcomed the new members; thanked them for being such good community servants and noted they will be our future leaders.
4. COMMUNICATIONS AND PETITIONS
There were no communications and petitions.
5. ORAL REQUESTS
Campbell Chamber of Commerce, Executive Director Ken Johnson expressed his appreciation to the City of Campbell, Police, Fire, CERT members and Commissioners for their help and support in putting on a successful Oktoberfest event.
6. COUNCIL ANNOUNCEMENTS
The City is developing our first-ever multimodal plan, ensuring strong connections within Campbell and its neighboring cities, to work towards a future where people have a wide range of options for getting around easily, safely, and comfortably. Learn more about the plan and share your input by visiting campbellca.gov/multimodal.
This Wednesday, October 22, there will be a special fundraiser at the Water Tower Kitchen from 11:00am – 9:00pm to support the Campbell Recreation Youth Scholarships. Mention “Campbell Recreation” to your server, and a portion of your bill will help local kids in need. Through December, 50% of proceeds from Water Tower Kitchen’s Beer of the Month
fundraiser will also be donated to the scholarship program.
Enjoy a fun and safe Halloween in Downtown Campbell at the Creepy Crawly Trick-or-Treating event this Sunday, October 26, from 4:30–6:00pm. Downtown shops and boutiques will welcome little goblins with sweet treats — all are welcome to attend!
The 2025 Statewide Special Election is next month! Election Day is Tuesday, November 4, but you can vote early in-person at the Campbell Community Center beginning Saturday, November 1, from 9:00am.– 5:00pm.
You may also vote by mail and drop off ballots at official drop boxes located at the Campbell Community Center or Campbell City Hall — City Hall’s drop box is open 24 hours. For details on early voting and ballot drop-off locations, please visit vote.santaclaracounty.gov.
Item 7.2
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This year, the Campbell Veterans Memorial Foundation will host an elegant champagne brunch instead of its annual gala on Saturday, November 8, from 10:00am.–12:00pm. Tickets are $60 per person. To register and learn more, please visit campbellveteransmemorial.org.
The Campbell Veterans Memorial Foundation will host its annual Veterans’ Day ceremony on Tuesday, November 11 at 9:00am on the Orchard Green located at City Hall. For more information, please visit campbellveteransmemorial.org.
The City Clerk’s Office is accepting applications for the Parks and Recreation Commission through Friday, November 28. Interested residents may apply on the City’s website at campbellca.gov, or by contacting the Clerk’s Office at 408- 866-2117 or via email at [email protected].
City Attorney Seligmann report out on October 21, 2025 Executive Session actions, stating that by unanimous vote the City Council authorized the City Attorney's Office to pursue appointment of a Code Enforcement receiver for property located at 620 Harriet.
7. CONSENT CALENDAR
Mayor Lopez asked if anyone wished to remove an item from the Consent Calendar. Item 7.6 was removed from Consent.
The Consent Calendar was considered as follows:
7.1 Minutes of City Council Executive Session Meeting of October 7, 2025.
Recommended Action: Approve the executive session meeting minutes of October 7, 2025.
This action approves the executive session meeting minutes of October 7, 2025.
7.2 Minutes of City Council Regular Meeting of October 7, 2025.
Recommended Action: Approve the regular meeting minutes of October 7, 2025.
This action approves the regular meeting minutes October 7, 2025.
7.3 Approving Bills and Claims
Item 7.2
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Recommended Action: Approve the Bills and Claims in the amount of $1,729,663.33.
This action approves the bills and claims in the amount of $1,729,663.33 as follows: bills and claims checks dated September 22, 2025, in the amount of $423,926.93; payroll checks dated September 25, 2025, in the amount of $34,508.26; and bills and claims checks dated September 29, 2025, in the amount of $1,271,228.14.
7.4 Monthly Treasurer’s Report (August 2025)
Recommended Action: That the City Council review and accept the Monthly Treasurer’s Report for the month ended August 31, 2025.
This action reviews and accepts the Monthly Treasurer’s Report for the month ended August 31, 2025.
7.5 Budget Adjustment to Fund Emergency Repairs at the Community Center Pool (Resolution/Roll Call Vote)
Recommended Action: That the City Council approve a Resolution authorizing a Budget Adjustment to fund the emergency repairs at the Community Center Pool.
Resolution 13338 authorizes a Budget Adjustment to fund the emergency repairs at the Community Center Pool.
7.7 Accepting Improvements for the John D. Morgan Park Parking Lot Improvements Project No. 23-DD, File Notice of Completion (Resolution/Roll Call Vote)
Recommended Action: That the City Council adopt a resolution approving the Tract Map for Tract No. 10674 and accept the public service easements offered for dedication as shown on the map for the property located at 90 East Latimer Avenue.
Resolution 13341 accepts the improvements for the John D. Morgan Park Parking Lot Improvements Project No. 23-DD; and directs the City Engineer to file the Notice of Completion.
7.8 Peregrine Contract
Recommended Action: That the City Council adopt a resolution: 1) accepting the improvements for the John D. Morgan Park Parking Lot Improvements Project No. 23-DD; and 2) directing the City Engineer to file Item 7.2
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the Notice of Completion.
Resolution 13342 approves a three-year contract with Peregrine, authorizing the City Manager to sign the contract, dispensing with bidding requirements as specified in Campbell Municipal Code Section
3.20.030(7), and approves associated budget adjustments.
MOVER Furtado
SECONDER Bybee
That the City Council approve the Consent Calendar with the exception of Item 7.6. The motion was adopted by the following roll call vote:
Voters AYES NAYS ABSTAINED RECUSAL ABSENT
Lopez X
Furtado X
Scozzola X
Bybee X
Hines X
Results 5 0 0 0 0
RESULT: ADOPTED [UNANIMOUS] (5 to 0)
ITEMS CONSIDERED SEPARATE FROM CONSENT
7.6 Approval and Authorization to Execute a First Amendment to the Consultant Services Agreement with Griffin Structures Inc. in the Amount of $365,700 and a 10% Contingency in the amount of $36,570 for Additional Construction Management (CIP No. 23-RR)
Recommended Action That the City Council adopt a resolution: 1) approving a first amendment to the consultant services agreement with Griffin Structures, Inc., in an amount of $365,700, and a 10% contingency in the amount of $36,570 for additional construction management services for the Measure O – Police Operations Building Project (Project No. 23-RR); 2) authorizing the City Manager to execute the first amendment as specified in Campbell Municipal Code Section
3.20.100; and 3) authorizing the Finance Director to perform a budget adjustment for the appropriation of the funds to cover this request.
Item 7.2
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Vice Mayor Furtado asked for clarification if this cost included both design and construction; and about the June completion date.
Senior Project Manager Castellanos and City Manager Loventhal clarified this is for the Construction Manager to oversee Phase II of the project, not for the actual construction costs. Additionally, June is the estimated completion date but if there were any changes to that, it would be brought back to Council.
MOVER Furtado
SECONDER Bybee
That the City Council adopt Resolution 1339 approving a first amendment to the consultant services agreement with Griffin Structures, Inc., in an amount of $365,700, and a 10% contingency in the amount of $36,570 for additional construction management services for the Measure O – Police Operations Building Project (Project No. 23-RR); authorizing the City Manager to execute the first amendment as specified in Campbell Municipal Code Section
3.20.100; and authorizing the Finance Director to perform a budget adjustment for the appropriation of the funds to cover this request.
The motion was adopted by the following roll call vote:
Voters AYES NAYS ABSTAINED RECUSAL ABSENT
Lopez X
Furtado X
Scozzola X
Bybee X
Hines X
Results 5 0 0 0 0
RESULT: ADOPTED [UNANIMOUS] (5 to 0)
8. PUBLIC HEARINGS AND INTRODUCTIONS OF ORDINANCES
8.1 Adoption of the 2025 Editions of the California Building & Fire Codes and local amendments: (PLN-2022-112) to Titles 1 (General Provisions), 5 (Business License Regulations), 17 (Fire Protection), 18 (Building Codes and Regulations) of the Campbell Municipal Code (Ordinance/Roll Call Vote).
Item 7.2
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Recommended Action: That the City Council introduce and hold first reading of an Ordinance adopting the 2025 California Building Code series (Building, Residential, Fire, Administrative, Existing, Historical, Energy, Cal Green, Mechanical, Electrical, Plumbing, Wildland- Urban Interface) and amending Titles 1 (General Provisions), 5 (Business License), 17 (Fire Protection), 18 (Building Codes and Regulations) of the Campbell Municipal Code.
Now is the time and place for a public hearing to consider adoption of the 2025 Editions of California Building & Fire Codes with local amendments.
Community Development Director Eastwood presented a staff report dated October 21, 2025.
The City Council asked general questions related to the staff report presentation.
Mayor Lopez opened the public hearing and asked if anyone wished to speak.
Seeing no one wishing to speak, Mayor Lopez closed the public hearing.
After discussion:
MOVER Hines
SECONDER Bybee
That the City Council introduce and hold first reading of Ordinance 2336 adopting the 2025 California Building Code series (Building, Residential, Fire, Administrative, Existing, Historical, Energy, Cal Green, Mechanical, Electrical, Plumbing, Wildland-Urban Interface) and amending Titles 1 (General Provisions), 5 (Business License), 17 (Fire Protection), 18 (Building Codes and Regulations) of the Campbell Municipal Code, as presented in the desk item. The motion was adopted by roll call vote.
Voters AYES NAYS ABSTAINED RECUSAL ABSENT
Lopez X
Furtado X
Scozzola X
Bybee X
Hines X
Item 7.2
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Results 5 0 0 0 0
RESULT: ADOPTED BY ROLL CALL VOTE: (5 to 0)
City Clerk Sanders read the full title of Ordinance 2336.
MOVER Bybee
SECONDER Furtado
That the City Council waive further reading of Ordinance 2336.
Voters AYES NAYS ABSTAINED RECUSAL ABSENT
Lopez X
Furtado X
Scozzola X
Bybee X
Hines X
Results 5 0 0 0 0
RESULT: ADOPTED [UNANIMOUS] (5 to 0)
9. NEW BUSINESS
9.1 2025 Building Code Cycle Reach Codes Options
Recommended Action: That the City Council receive the report and provide direction to staff regarding pursuit of two proposed reach codes to further electrification and reduction in greenhouse gas emissions.
Community Development Director Eastwood presented a staff report dated October 21, 2025 on potential reach code options. He introduced consultants from Silicon Valley Clean Energy ,TRC consultants and Building Official Bob Lennon.
Mr. Eastwood reported the purpose of the item was to introduce two reach codes for consideration: Two-Way AC and Electric Readiness.
Councilmembers asked questions related to the staff report presentation relating to costs, other cities that have adopted similar Reach Codes; staff impacts and prioritization of this in connection with existing Council priorities.
Following City Council questions, Mayor Lopez opened the public hearing Item 7.2
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and asked if anyone wished to speak.
Carl San Miguel spoke in opposition of adopting new reach codes.
Michael Lastella, Campbell resident, and HOA president spoke of the high costs associated with these reach codes.
Neil Collins, CEO of Santa Clara County Association of Realtors spoke against the staff recommendations of heat pumps.
Rebecca Sullivan, spoke in opposition to a natural gas ban and the proposed reach codes.
Doug Goss, President of Santa Clara County Association of Realtors spoke in opposition to the proposed reach codes.
Enrique Navarro-Donnellan, Government Affairs team member of the Santa Clara County Association of Realtors spoke in opposition of imposing mandatory reach codes.
Anthony Eulo of Silicon Valley Clean Energy thanked the Council and their staff for the work that has been done on the reach codes and stated support for consideration of the proposed reach codes.
Gene Hunt spoke in opposition of the proposed reach codes.
Kelly Hunt spoke in opposition of the proposed reach code.
Sundar Swaminathan spoke of the high costs associated with the proposed reach codes.
Dawn Suiter spoke in opposition of the proposed reach codes.
Stephanie Ligsay, Campbell Realtor, spoke in opposition of the proposed reach code.
Jill Toler spoke in opposition to the proposed reach codes.
Anna Maria Russo spoke in opposition to the proposed reach codes.
Sandy Sicsko spoke in opposition of mandating reach codes.
Item 7.2
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Dr. James Dill, realtor, spoke in opposition to the preposed reach codes Laura Welch, Director at the Santa Clara County Association of Realtors spoke in opposition to the proposed reach codes.
Carl Lee spoke of the high costs associated with the new reach codes.
David Eisbach spoke in opposition to the proposed reach codes.
Wayne Prescott spoke in opposition of the reach codes.
Rose Burch, Campbell resident spoke in opposition of the proposed reach codes for existing homes.
Kristen Dance, Campbell resident, stated concerns with the proposed reach codes.
Seeing no one else wishing to speak, Mayor Lopez closed the public hearing.
Vice Mayor Furtado noted concerns of potential staff and budgetary constraints and the high costs especially for those on fixed incomes. He opined that at this time he will not be supporting this item.
Councilmember Bybee thanked those in attendance for their comments.
She stated that at this time she was not in favor of moving forward and noted there are to many impacts; the choice should be voluntary by residents, and when considering current staff load with adopted priorities felt this should not be currently considered.
Councilmember Hines stated that while he is in support of electrification, he does have concerns with the costs associated with these proposals. He encouraged development with conservation but not when it hurts property owners or renters. He is supportive of incentivizing residents but not mandating them.
Mayor Lopez thanked staff and the consultants. He stated he did not support a mandate to residents. He encouraged staff to look at incentive offers for residents. He encouraged staff to continue working with Silicon Valley Clean Energy to spread the word on these incentive programs.
While he would be interested in discussing this for a future workplan item, Item 7.2
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now is not the time. He advised staff to bring back an item at next year's budget study sessions on what incentives we can have to help residents.
Councilmember Scozzola spoke in support of adopting new reach codes, He noted the impacts are not as high as people may think and the incentives and rebates do cover associated costs. He stated that Silicon Valley Clean Energy is dedicated to affordability for residents.
There was no majority consensus to move forward with new reach code ordinances.
City Manager Loventhal stated that staff will look at incentivizing opportunities and working with Silicon Valley Clean Energy for potential discussions next fiscal year.
The Council directed staff to continue informing the public on these potential electrification options.
10. UNFINISHED BUSINESS
There was no unfinished business.
11. COUNCIL COMMITTEE REPORTS
11.1 Council Committee Reports
That the City Council report on activities from their committee assignments.
Vice Mayor Furtado in his capacity as the West Valley Stormwater Authority representative showed an educational video to encourage the public to be actively involved in managing stormwater where they can.
Vice Mayor attended the Joint Venture Silicon Valley Annual Poll.
Councilmember attended a meeting of Silicon Valley Clean Energy; and the Campbell Library Ribbon Cutting Ceremony.
Councilmember Hines attended the League of CA Cities conference; Sierra Club and Open Space Garden Celebration; Santa Clara County Finance Committee meeting; spoke of the upcoming Community Advisory Meeting regarding the Bristol Hotel; volunteered at the Oktoberfest event with Economic Development Manager Nathan Donato-Weinstein.
Item 7.2
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Councilmember Bybee attended the Campbell Library Ribbon cutting; and volunteered and participated in the Oktoberfest event.
Mayor Lopez attended the Campbell Library Ribbon Cutting; attended the League of CA Cities meeting and was sworn in as President of the Peninsula Division; attended the Silicon Valley Clean Energy Audit Committee meeting and a Special meeting of Vally Transportation Authority.
12. ADJOURN
Mayor Lopez adjourned the meeting at 9:24 p.m.
APPROVED: Sergio Lopez, Mayor
ATTEST: Andrea Sanders, City Clerk
Item 7.2
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City Council Report
DATE: November 4, 2025
TITLE: Approving Bills and Claims
RECOMMENDED ACTION:
Approve the bills and claims in the amount of $2,772,992.16
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 October 06, 2025 $2,255,960.51
Payroll October 09, 2025 $69,764.98
Bills & Claims October 13, 2025 $447,266.67
Total $2,772,992.16
FISCAL IMPACT
Requested action does not require a budget adjustment. Adequate funding was available to cover all expenses as listed.
PREPARED BY: Celia Cruz Deniz, Accounting Clerk II
Item 7.3
Tuesday, November 04, 2025 24 of 249
Report Approval Details
Document Title: Report-Approving Bills and Claims 11.04.25.docx Attachments: Bills & Claims 10.06.25.pdf
Payroll 10.09.25.pdf
Bills & Claims 10.13.25.pdf
Final Approval Date: October 27, 2025
This document and all of its attachments were approved and signed as outlined below:
Item 7.3
Tuesday, November 04, 2025 25 of 249
City Council Report
DATE: November 4, 2025
TITLE: Monthly Investment Transactions Report (September 2025) RECOMMENDED ACTION:
That the City Council review and accept the Monthly Investment Transactions Report for September 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) or California Asset Management Program (CAMP) 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 September 2025. As shown in Attachment 1, staff made $3.7 million in withdrawals from the City’s main Local Agency Investment Fund (LAIF) account to manage operating cash flow. From the Measure O 2022 bond account, $2.4 million was withdrawn to cover August 2025 project expenditures applied to the bond fund. The monthly LAIF investment rate remained relatively flat at 4.21%. In the California Asset Management Program (CAMP), $1.6 million was deposited into the City’s regular account and $563,000 to the City’s escrow account, representing September’s Measure K sales tax payments from the California Department of Tax and Fee Administration (CDTFA). The current yield in CAMP remained dipped slightly to 4.36%. $33,000 in dividends were posted to the CAMP regular account while $6,000 was posted into the escrow account. In the City’s BNY investment custodial account managed by Chandler Asset Management, the average market Yield to Maturity (YTM) fell slightly to 3.87%. $1.9 million in new investments were purchased; one (1) Agency bond (3.5%, 2 yrs) for $500,000, two (2) US Treasury bonds (3.875%, 4.5 yrs and 3.625%, 5 yrs) for $500,000 each and one (1) short-term commercial paper (4.05%,7 months). (1) Agency bond (0.8%), matured at $1 million and another $1 million Agency bond was redeemed. $88,000 in net interest, dividends, realized loss and other accruals were posted. The BNY / Chandler strategy continues targeting diversification by locking Item 7.4
Tuesday, November 04, 2025 26 of 249
in longer-term rates as short-term LAIF and CAMP rates continue decreasing. Consistent with the recommended FY 2025-26 Investment Strategy approved by the City Council on September 16, 2025, 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 returns, 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
Item 7.4
Tuesday, November 04, 2025 27 of 249
Report Approval Details
Document Title: Report Monthly Investment Transactions Report- September 2025.docx
Attachments: Monthly Investment Activity Report- 9.30.25.pdf Chandler BNY Statement- 9.30.25-2.PDF
Final Approval
Date:
October 27, 2025
This document and all of its attachments were approved and signed as outlined below:
Item 7.4
Tuesday, November 04, 2025 28 of 249
CITY OF CAMPBELL
Monthly Investment Transactions Report
September 1 to September 30 2025
Account Trans. Date September'25
LAIF - ******133, Main account
Average Monthly Yield 4.212%
Beginning Balance $ 11,968,077
Transactions
Withdrawal 9/8/2025 (800,000)
Withdrawal 9/10/2025 (1,000,000)
Withdrawal 9/25/2025 (300,000)
Withdrawal 9/29/2025 (1,600,000)
(3,700,000)
Ending Balance $ 8,268,077
Account Trans. Date September'25
LAIF - ******032, MEAS O, Series 2022
Average Monthly Yield 4.212%
Beginning Balance $ 13,469,000
Transactions
Withdrawal- August project expenditures 9/15/2025 (2,433,000) (2,433,000)
Ending Balance $ 11,036,000
Account Trans. Date September'25
CAMP - ******001, Regular
Average Monthly Yield 4.36%
Beginning Balance $ 8,370,625
Transactions
Deposit 9/16/2025 1,600,000
Dividends 9/30/2025 32,831
1,632,831
Ending Balance $ 10,003,456
Account Trans. Date September'25
CAMP - ******002, Meas K Sales Tax escrow
Average Monthly Yield 4.36%
Beginning Balance $ 1,661,785
Transactions
Deposit- September sales tax receipts 9/25/2025 562,623 Dividends 9/30/2025 6,351
568,974
Ending Balance $ 2,230,760
Account*** Trans. Date September'25
Bank of New York (BNY) - ******818
Average Monthly Yield/Market YTM 3.87%
Beginning Balance 20,668,340.92
Note: Purchases listed at par value, see Chandler Monthly Statement for add'l detail Transactions
Purchase - Agency FHLB - 3.5%, 2 yrs 9/24/2025 500,000
Purchase - US Treasury - 3.875%, 4.5 yrs 9/17/2025 500,000 Purchase - US Treasury- 3.625%, 5 yrs 9/17/2025 500,000 Purchase - Commercial Paper - MUFG Bank Ltd, 4.05%, 7 mos (short term) 9/23/2025 350,000 Maturity - Agency- FHLB- 0.8% 9/17/2025 (1,000,000)
Redemption - Agency- FFCB- 4.12% 9/12/2025 (1,000,000)
Interest & dividends - 87,714
MM transfers- Principle paydown, purchased/sold interest - 150,000 87,714
Ending Balance 20,756,055
Total of all Investments
Beginning $ 56,137,829
Ending $ 52,294,348
Item 7.4
Tuesday, November 04, 2025 29 of 249
MONTHLY ACCOUNT STATEMENT
City of Campbell | Account #11214 | As of September 30, 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
Item 7.4
Tuesday, November 04, 2025 30 of 249
CONFIDENTIAL | 2
City of Campbell | Account #11214 | As of September 30, 2025 Execution Time: 10/02/2025 03:34:09 PM 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*
Total Rate of Return** 1M 3M YTD 1YR 2YRS 3YRS 5YRS 10YRS Since Inception (03/01/25)
City of Campbell 0.26% 1.28% -- -- -- -- -- -- --
Benchmark Return 0.24% 1.14% -- -- -- -- -- -- --
Average Modified Duration 2.71
Average Coupon 4.07%
Average Purchase YTM 4.21%
Average Market YTM 3.87%
Average Credit Quality* AA+
Average Final Maturity 3.22
Average Life 2.78
End Values as of
08/31/2025
End Values as of
09/30/2025
Market Value 20,908,750.41 20,959,881.27
Accrued Interest 159,084.79 162,670.11
Total Market Value 21,067,835.21 21,122,551.38
Income Earned 48,033.11 92,912.05
Cont/WD 0.00 0.00
Par 20,780,703.38 20,849,832.66
Book Value 20,696,138.60 20,763,804.19
Cost Value 20,691,697.58 20,757,750.18
United States 41.21%
FHLMC 10.08%
Farm Credit System 4.77%
Federal Home Loan Banks 2.38%
International Bank for Recon and Dev 2.28%
BMW Vehicle Owner Trust 1.93%
Toyota Motor Corporation 1.93%
American Express Credit Master Trust 1.79%
**Periods over 1 year are annualized.
Benchmark: ICE BofA 1-5 Year Unsubordinated US Treasury & Agency Index *The average credit quality is a weighted average calculation of the highest of S&P, Moody’s and Fitch.
Item 7.4
Tuesday, November 04, 2025 31 of 249
CONFIDENTIAL | 3
City of Campbell | Account #11214 | As of September 30, 2025 Execution Time: 10/02/2025 03:34:09 PM 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
(07/01/2025)
Beginning Book Value 20,696,138.61 20,540,867.11
Maturities/Calls (2,000,000.00) (2,250,000.00)
Principal Paydowns (7,430.31) (22,970.19)
Purchases 2,948,328.70 4,494,970.33
Sales (853,191.62) (2,004,898.77)
Change in Cash, Payables, Receivables (21,661.15) 1,317.73 Amortization/Accretion 1,619.97 4,309.26
Realized Gain (Loss) (0.00) 208.71
Ending Book Value 20,763,804.19 20,763,804.19
Month to Date Fiscal Year to Date
(07/01/2025)
Beginning Market Value 20,908,750.42 20,681,866.80
Maturities/Calls (2,000,000.00) (2,250,000.00)
Principal Paydowns (7,430.31) (22,970.19)
Purchases 2,948,328.70 4,494,970.33
Sales (853,191.62) (2,004,898.77)
Change in Cash, Payables, Receivables (21,661.15) 1,317.73 Amortization/Accretion 1,619.97 4,309.26
Change in Net Unrealized Gain (Loss) (16,534.73) 55,077.39 Realized Gain (Loss) (0.00) 208.71
Ending Market Value 20,959,881.27 20,959,881.27
Maturities / Calls
Month to Date (2,000,000.00)
Fiscal Year to Date (2,250,000.00)
Principal Paydowns
Month to Date (7,430.31)
Fiscal Year to Date (22,970.19)
Purchases
Month to Date 2,948,328.70
Fiscal Year to Date 4,494,970.33
Sales
Month to Date (853,191.62)
Fiscal Year to Date (2,004,898.77)
Interest Received
Month to Date 96,560.80
Fiscal Year to Date 221,388.05
Purchased / Sold Interest
Month to Date (8,854.03)
Fiscal Year to Date (4,286.68)
Item 7.4
Tuesday, November 04, 2025 32 of 249
CONFIDENTIAL | 4
City of Campbell | Account #11214 | As of September 30, 2025 Execution Time: 10/02/2025 03:34:09 PM 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 71,720.37 11/14/20244.63%
71,748.38
71,735.56
100.21
4.16%
71,871.39
147.58
0.34%
135.83
NA/AAA
AAA
1.96 0.41
362962AD4 GMALT 2025-2 A3 4.58
05/22/2028 95,000.00 05/20/20254.84%
94,998.42
94,998.60
100.92
3.97%
95,876.65
132.95
0.46%
878.05
NA/AAA
AAA
2.64 1.40
379965AD8 GMALT 2025-3 A3 4.17
08/21/2028 90,000.00 08/05/20254.18%
89,986.32
89,986.93
100.37
3.98%
90,337.40
114.68
0.43%
350.47
NA/AAA
AAA
2.89 1.63
47800RAD5 JDOT 2024 A3 4.96 11/15/2028 200,000.00 02/20/2025
4.63%
201,203.13
200,935.23
101.09
4.09%
202,174.46
440.89
0.96%
1,239.23
Aaa/NA
AAA
3.13 1.17
096919AD7 BMWOT 2024-A A3 5.18
02/26/2029 400,000.00 --4.69%
404,156.25
403,206.24
101.18
3.92%
404,715.20
345.33
1.93%
1,508.96
Aaa/AAA
NA
3.41 0.89
89239TAD4 TAOT 2024-D A3 4.4 06/15/2029 60,000.00 10/10/2024
4.51%
59,996.65
59,997.34
100.68
3.92%
60,409.63
117.33
0.29%
412.30
Aaa/AAA
NA
3.71 1.30
02589BAE0 AMXCA 2024-3 A 4.65
07/15/2027 200,000.00 02/20/20254.57%
200,546.88
200,407.97
101.40
3.87%
202,799.04
413.33
0.97%
2,391.07
NA/AAA
AAA
1.79 1.68
34535VAD6 FORDO 2024-D A3 4.61
08/15/2029 120,000.00 11/19/20244.66%
119,996.15
119,996.85
101.17
3.92%
121,403.42
245.87
0.58%
1,406.58
Aaa/NA
AAA
3.87 1.58
38014AAD3 GMCAR 2024-4 A3 4.4
08/16/2029 60,000.00 10/08/20244.32%
59,988.44
59,990.73
100.69
3.87%
60,413.06
110.00
0.29%
422.33
Aaa/AAA
NA
3.88 1.20
47800DAD6 JDOT 2025 A3 4.23 09/17/2029 100,000.00 03/04/2025
5.09%
99,993.71
99,994.49
100.55
4.02%
100,549.44
188.00
0.48%
554.95
Aaa/NA
AAA
3.96 2.21
92970QAE5 WFCIT 2024-2 A 4.29
10/15/2029 110,000.00 10/17/20244.29%
109,983.65
109,986.73
100.83
3.90%
110,908.73
209.73
0.53%
922.00
Aaa/AAA
NA
4.04 1.92
89231HAD8 TAOT 2025-B A3 4.34
11/15/2029 65,000.00 04/24/20254.82%
64,996.28
64,996.63
100.81
3.93%
65,529.67
125.38
0.31%
533.04
NA/AAA
AAA
4.13 1.79
362955AD8 GMCAR 2025-1 A3 4.62
12/17/2029 80,000.00 01/09/20255.03%
79,994.06
79,994.92
101.12
3.83%
80,899.17
154.00
0.39%
904.25
Aaa/NA
AAA
4.21 1.34
58773DAD6 MBART 2025-1 A3 4.78
12/17/2029 115,000.00 01/14/20254.84%
114,975.54
114,978.97
101.33
3.89%
116,531.39
244.31
0.56%
1,552.41
Aaa/NA
AAA
4.21 1.41
44935XAD7 HART 2025-B A3 4.36
12/17/2029 80,000.00 06/03/20254.36%
79,992.78
79,993.27
100.95
3.91%
80,760.47
155.02
0.39%
767.20
NA/AAA
AAA
4.21 1.94
02582JKP4 AMXCA 2025-2 A 4.28
04/15/2030 170,000.00 05/06/20254.28%
169,996.92
169,997.16
100.96
3.92%
171,624.01
323.38
0.82%
1,626.85
NA/AAA
AAA
4.54 2.36
Total ABS 2,016,720.37 4.61%
2,022,553.56
2,021,197.61
101.00
3.94%
2,036,803.13
3,467.78
9.72%
15,605.52
3.45 1.46
Item 7.4
Tuesday, November 04, 2025 33 of 249
CONFIDENTIAL | 5
City of Campbell | Account #11214 | As of September 30, 2025 Execution Time: 10/02/2025 03:34:09 PM 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
AGENCY
3133ENZY9 FEDERAL FARM CREDIT BANKS
FUNDING CORP 3.96 07/12/2027 1,000,000.00 07/12/20223.96% 1,000,000.00
1,000,000.00
99.93 4.00%
999,278.06
8,690.00
4.77%
(721.94)
Aa1/AA+
AA+
1.78 1.69
3130B7QM9 FEDERAL HOME LOAN BANKS 3.5
09/09/2027 500,000.00 09/23/20253.63%
498,795.00
498,806.80
99.74 3.64%
498,698.14
972.22
2.38%
(108.66)
Aa1/AA+
AA+
1.94 1.85
Total Agency 1,500,000.00 3.85%
1,498,795.00
1,498,806.80
99.87 3.88%
1,497,976.20
9,662.22
7.15%
(830.60)
1.83 1.74
AGENCY CMBS
3137BSRE5 FHMS K-059 A2 3.12 09/25/2026 249,916.28 11/21/2024
4.55%
243,609.80
246,635.73
99.15 3.89%
247,792.94
649.78
1.18%
1,157.20
Aa1/AAA
AAA
0.99 0.86
3137FJEH8 FHMS K-081 A2 3.9 08/25/2028 250,000.00 11/21/2024
4.53%
244,335.94
245,638.17
99.91 3.87%
249,773.83
812.50
1.19%
4,135.66
Aa1/AA+
AAA
2.90 2.67
3137FJKE8 FHMS K-082 A2 3.92 09/25/2028 250,000.00 06/10/2025
4.27%
246,992.19
247,273.53
99.96 3.87%
249,911.73
816.67
1.19%
2,638.19
Aa1/AA+
AAA
2.99 2.70
3137FKSH0 FHMS K-086 A2 3.859
11/25/2028 150,000.00 09/18/20243.82%
150,005.86
150,004.40
99.79 3.88%
149,679.00
482.38
0.71%
(325.40)
Aaa/AA+
AA+
3.15 2.88
3137FLN91 FHMS K-091 A2 3.505
03/25/2029 300,000.00 11/14/20244.62%
287,074.22
289,687.49
98.62 3.90%
295,852.35
876.25
1.41%
6,164.86
Aa1/AAA
AA+
3.48 3.12
3137FMCR1 FHMS K-093 A2 2.982
05/25/2029 148,410.27 10/16/20244.15%
141,407.16
142,868.79
96.96 3.90%
143,900.14
368.80
0.69%
1,031.35
Aa1/AA+
AAA
3.65 3.19
3137FNAE0 FHMS K-095 A2 2.785
06/25/2029 250,000.00 03/13/20254.39%
234,707.03
236,668.43
96.08 3.93%
240,200.40
580.21
1.15%
3,531.97
Aa1/AA+
AAA
3.73 3.38
3137FPHK4 FHMS K-098 A2 2.425
08/25/2029 300,000.00 10/17/20244.26%
276,445.31
281,091.42
94.65 3.93%
283,959.09
606.25
1.35%
2,867.67
Aa1/AA+
AAA
3.90 3.56
3137FRUJ8 FHMS K-105 A2 1.872
01/25/2030 275,000.00 03/17/20254.43%
244,868.16
248,229.55
91.75 3.99%
252,309.72
429.00
1.20%
4,080.17
Aa1/AA+
AAA
4.32 4.01
Total Agency CMBS 2,173,326.54 4.37%
2,069,445.67
2,088,097.52
97.32 3.91%
2,113,379.19
5,621.83
10.08%
25,281.67
3.24 2.94
CASH
CCYUSD Receivable 1,695.52 -- 1,695.52
1,695.52
1.00 0.00%
1,695.52
0.00 0.01%
0.00 Aaa/AAA
AAA
0.00 0.00
Total Cash 1,695.52
1,695.52
1,695.52
1.00 0.00%
1,695.52
0.00 0.01%
0.00 0.00
0.00 Item 7.4
Tuesday, November 04, 2025 34 of 249
CONFIDENTIAL | 6
City of Campbell | Account #11214 | As of September 30, 2025 Execution Time: 10/02/2025 03:34:09 PM 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
COMMERCIAL
PAPER
62479MES8 MUFG Bank, Ltd., New York
Branch 05/26/2026 350,000.00 09/23/20253.99%
340,758.06
341,059.84
97.40 4.05%
340,908.75
0.00 1.63%
(151.09)
P-1/A-1
NA
0.65 0.64
Total Commercial
Paper 350,000.00 3.99%
340,758.06
341,059.84
97.40 4.05%
340,908.75
0.00 1.63%
(151.09)
0.65 0.64
CORPORATE
91324PEY4 UNITEDHEALTH GROUP INC 4.6
04/15/2027 240,000.00 09/18/20243.83%
244,346.40
242,539.79
100.82
4.04%
241,966.33
5,090.67
1.15%
(573.47)
A2/A+
A
1.54 1.37
437076DB5 HOME DEPOT INC 4.875
06/25/2027 225,000.00 08/12/20244.25%
228,663.00
227,168.93
101.66
3.88%
228,723.90
2,925.00
1.09%
1,554.97
A2/A
A
1.73 1.56
02665WFK2 AMERICAN HONDA FINANCE
CORP 4.9 07/09/2027 200,000.00 09/18/20244.03%
204,578.00
202,890.90
101.41
4.06%
202,825.35
2,232.22
0.97%
(65.55)
A3/ANA1.77
1.67 78017FZQ9 ROYAL BANK OF CANADA 4.51
10/18/2027 250,000.00 11/05/20244.66%
249,005.00
249,309.23
100.34
3.10%
250,849.53
5,105.07
1.20%
1,540.30
A1/A
AA2.050.99
857477CP6 STATE STREET CORP 4.33
10/22/2027 250,000.00 11/07/20244.54%
248,537.50
248,981.13
100.91
3.86%
252,284.02
4,781.04
1.20%
3,302.88
Aa3/A
AA2.061.84
89115A3E0 TORONTO-DOMINION BANK
4.861 01/31/2028 225,000.00 01/28/20254.86%
225,000.00
225,000.00
101.75
4.06%
228,932.45
1,853.26
1.09%
3,932.45
A2/AAA2.34
2.17 17275RBW1 CISCO SYSTEMS INC 4.55
02/24/2028 250,000.00 03/11/20254.32%
251,557.50
251,255.81
101.54
3.87%
253,844.02
1,169.10
1.21%
2,588.21
A1/AANA2.40
2.17 00287YDY2 ABBVIE INC 4.65 03/15/2028 125,000.00 02/18/2025
4.70%
124,833.75
124,866.16
101.65
3.94%
127,059.11
258.33
0.61%
2,192.94
A3/ANA2.46
2.23 06406RBG1 BANK OF NEW YORK MELLON
CORP 3.992 06/13/2028 225,000.00 09/05/20244.31%
223,128.00
223,850.85
99.96 4.47%
224,914.86
2,694.60
1.07%
1,064.01
Aa3/A
AA2.701.61
46647PDG8 JPMORGAN CHASE & CO 4.851
07/25/2028 150,000.00 08/12/20244.62%
150,933.00
150,574.02
101.32
4.78%
151,983.23
1,334.03
0.73%
1,409.21
A1/A
AA2.821.71
46647PEU6 JPMORGAN CHASE & CO 4.915
01/24/2029 115,000.00 01/16/20254.92%
115,000.00
115,000.00
101.80
4.34%
117,073.33
1,051.95
0.56%
2,073.33
A1/A
AA3.322.15
06051GMK2 BANK OF AMERICA CORP 4.979
01/24/2029 150,000.00 01/17/20254.98%
150,000.00
150,000.00
101.85
4.37%
152,772.62
1,389.97
0.73%
2,772.62
A1/AAA3.32
2.15 06368MJG0 BANK OF MONTREAL 5.004
01/27/2029 100,000.00 01/22/20255.01%
100,000.00
100,000.00
101.95
4.32%
101,947.01
889.60
0.49%
1,947.01
A2/AAA3.33
2.16 91159HJK7 US BANCORP 4.653 02/01/2029 200,000.00 09/05/2024
4.47%
201,116.00
200,765.85
101.11
4.50%
202,212.45
1,551.00
0.96%
1,446.60
A3/A
A
3.34 2.18
Item 7.4
Tuesday, November 04, 2025 35 of 249
CONFIDENTIAL | 7
City of Campbell | Account #11214 | As of September 30, 2025 Execution Time: 10/02/2025 03:34:09 PM 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
06051GLG2 BANK OF AMERICA CORP 5.202
04/25/2029 150,000.00 08/12/20244.69%
152,550.00
151,768.58
102.51
4.59%
153,759.47
3,381.30
0.73%
1,990.89
A1/AAA3.57
2.34 24422EXT1 JOHN DEERE CAPITAL CORP 4.85
06/11/2029 225,000.00 08/12/20244.40%
229,338.00
228,319.32
102.73
4.05%
231,140.21
3,334.38
1.10%
2,820.88
A1/A
A+
3.70 3.32
025816EJ4 AMERICAN EXPRESS CO 4.351
07/20/2029 170,000.00 07/21/20254.35%
170,000.00
170,000.00
100.59
4.33%
171,002.98
1,356.06
0.82%
1,002.98
A2/AA3.80
2.60 89236TMK8 TOYOTA MOTOR CREDIT CORP
4.55 08/09/2029 225,000.00 08/12/20244.49%
225,567.00
225,438.16
101.53
4.12%
228,438.55
1,478.75
1.09%
3,000.39
A1/A+
A+
3.86 3.49
532457CQ9 ELI LILLY AND CO 4.2 08/14/2029 235,000.00 08/12/2024
4.22%
234,769.70
234,821.79
100.71
4.00%
236,663.52
1,288.58
1.13%
1,841.73
Aa3/A+
NA
3.87 3.45
26442CAY0 DUKE ENERGY CAROLINAS LLC
2.45 08/15/2029 250,000.00 12/18/20244.72%
226,517.50
230,468.09
94.11 4.11%
235,286.58
782.64
1.12%
4,818.49
Aa3/A
NA
3.87 3.63
14913UAU4 CATERPILLAR FINANCIAL
SERVICES CORP 4.7 11/15/2029 250,000.00 11/12/20244.74% 249,592.50
249,663.91
102.43
4.05%
256,066.75
4,438.89
1.22%
6,402.84
A2/A
A+
4.13 3.66
89236TNA9 TOYOTA MOTOR CREDIT CORP
4.95 01/09/2030 170,000.00 01/06/20255.00%
169,636.20
169,689.00
103.01
4.17%
175,116.56
1,916.75
0.84%
5,427.56
A1/A+
A+
4.28 3.79
63743HFX5
NATIONAL RURAL UTILITIES
COOPERATIVE FINANCE CORP
4.95 02/07/2030
250,000.00 02/20/2025
4.90%
250,550.00
250,481.44
103.01
4.19%
257,520.69
1,856.25
1.23%
7,039.25
A2/NA
A
4.36 3.80
571748CA8
MARSH & MCLENNAN
COMPANIES INC 4.65
03/15/2030
250,000.00 03/24/2025
4.67%
249,755.00
249,780.63
101.62
4.25%
254,060.09
516.67
1.21%
4,279.46
A3/AA4.45
3.92 931142FN8 WALMART INC 4.35 04/28/2030 185,000.00 04/23/2025
4.39%
184,679.95
184,707.29
101.64
3.95%
188,036.50
3,420.19
0.90%
3,329.21
Aa2/AA
AA
4.57 3.98
69371RT71 PACCAR FINANCIAL CORP 4.55
05/08/2030 230,000.00 05/05/20254.59%
229,643.50
229,672.00
101.80
4.12%
234,131.03
4,156.93
1.12%
4,459.03
A1/A+
NA
4.60 4.05
Total Corporate 5,295,000.00 4.54%
5,289,297.50
5,287,012.90
101.23
4.10%
5,358,611.11
60,253.21
25.57%
71,598.21
3.23 2.66
MONEY MARKET
FUND
X9USDDGCM DREYFUS GVT CM INST 283,090.23 --
4.03%
283,090.23
283,090.23
1.00 4.20%
283,090.23
0.00 1.35%
0.00 Aaa/
AAAm
NA
0.00 0.00
Total Money
Market Fund 283,090.23 4.03%
283,090.23
283,090.23
1.00 4.20%
283,090.23
0.00 1.35%
0.00 0.00
0.00 Item 7.4
Tuesday, November 04, 2025 36 of 249
CONFIDENTIAL | 8
City of Campbell | Account #11214 | As of September 30, 2025 Execution Time: 10/02/2025 03:34:09 PM 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
MUNICIPAL
BONDS
13063EGT7 CALIFORNIA STATE 4.5
08/01/2029 205,000.00 10/30/20244.38%
206,080.35
205,874.27
102.61
3.76%
210,354.60
1,537.50
1.00%
4,480.33
Aa2/AAAA3.84
3.48 Total Municipal
Bonds 205,000.00 4.38%
206,080.35
205,874.27
102.61
3.76%
210,354.60
1,537.50
1.00%
4,480.33
3.84 3.48
SUPRANATIONAL
459058LN1
INTERNATIONAL BANK FOR
RECONSTRUCTION AND
DEVELOPM 3.875 10/16/2029
350,000.00 12/13/2024
4.29%
343,689.50
344,722.78
100.53
3.73%
351,842.03
6,216.00
1.68%
7,119.25
Aaa/AAA
NA
4.04 3.65
459058LR2
INTERNATIONAL BANK FOR
RECONSTRUCTION AND
DEVELOPM 4.125 03/20/2030
125,000.00 03/14/2025
4.20%
124,553.75
124,601.41
101.48
3.76%
126,850.89
157.55
0.61%
2,249.48
Aaa/AAA
NA
4.47 4.05
Total
Supranational 475,000.00 4.27%
468,243.25
469,324.18
100.78
3.74%
478,692.92
6,373.55
2.28%
9,368.74
4.16 3.75
US TREASURY
91282CJC6 UNITED STATES TREASURY 4.625
10/15/2026 375,000.00 08/30/20243.90%
380,507.81
377,690.03
100.92
3.71%
378,467.28
8,008.45
1.81%
777.26
Aa1/AA+
AA+
1.04 0.99
91282CKE0 UNITED STATES TREASURY 4.25
03/15/2027 350,000.00 08/20/20243.86%
353,322.27
351,881.20
100.81
3.67%
352,843.75
657.46
1.68%
962.55
Aa1/AA+
AA+
1.45 1.40
91282CKZ3 UNITED STATES TREASURY 4.375
07/15/2027 375,000.00 08/08/20243.91%
379,804.69
377,927.72
101.25
3.64%
379,702.15
3,477.41
1.81%
1,774.43
Aa1/AA+
AA+
1.79 1.69
91282CFM8 UNITED STATES TREASURY 4.125
09/30/2027 350,000.00 10/31/20244.17%
349,521.48
349,671.83
100.96
3.62%
353,376.95
39.66 1.69%
3,705.12
Aa1/AA+
AA+
2.00 1.90
91282CGP0 UNITED STATES TREASURY 4.0
02/29/2028 375,000.00 08/08/20243.87%
376,552.73
376,053.08
100.88
3.61%
378,310.55
1,284.53
1.80%
2,257.46
Aa1/AA+
AA+
2.42 2.28
91282CHK0 UNITED STATES TREASURY 4.0
06/30/2028 350,000.00 08/20/20243.76%
353,007.81
352,141.12
100.98
3.62%
353,431.64
3,538.04
1.69%
1,290.52
Aa1/AA+
AA+
2.75 2.56
91282CJF9 UNITED STATES TREASURY 4.875
10/31/2028 375,000.00 08/08/20243.85%
389,765.63
385,768.20
103.56
3.64%
388,359.38
7,650.31
1.85%
2,591.18
Aa1/AA+
AA+
3.08 2.80
91282CKD2 UNITED STATES TREASURY 4.25
02/28/2029 375,000.00 11/26/20244.21%
375,585.94
375,469.81
101.90
3.65%
382,133.79
1,364.81
1.82%
6,663.98
Aa1/AA+
AA+
3.41 3.15
Item 7.4
Tuesday, November 04, 2025 37 of 249
CONFIDENTIAL | 9
City of Campbell | Account #11214 | As of September 30, 2025 Execution Time: 10/02/2025 03:34:09 PM 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
91282CKG5 UNITED STATES TREASURY 4.125
03/31/2029 350,000.00 11/18/20244.31%
347,498.05
347,994.36
101.52
3.66%
355,332.03
39.66 1.70%
7,337.68
Aa1/AA+
AA+
3.50 3.23
91282CKP5 UNITED STATES TREASURY 4.625
04/30/2029 375,000.00 08/08/20243.84%
387,583.01
384,533.91
103.19
3.67%
386,967.77
7,257.98
1.85%
2,433.86
Aa1/AA+
AA+
3.58 3.23
91282CEV9 UNITED STATES TREASURY 3.25
06/30/2029 350,000.00 11/18/20244.31%
334,591.80
337,483.12
98.50 3.68%
344,763.67
2,874.66
1.64%
7,280.55
Aa1/AA+
AA+
3.75 3.46
91282CLC3 UNITED STATES TREASURY 4.0
07/31/2029 350,000.00 08/20/20243.70%
354,634.77
353,592.27
101.11
3.69%
353,869.14
2,358.70
1.69%
276.87
Aa1/AA+
AA+
3.83 3.50
91282CLK5 UNITED STATES TREASURY 3.625
08/31/2029 400,000.00 --3.60%
400,687.50
400,432.99
99.76 3.69%
399,031.25
1,241.71
1.90%
(1,401.74)
Aa1/AA+
AA+
3.92 3.61
91282CLN9 UNITED STATES TREASURY 3.5
09/30/2029 400,000.00 --4.09%
389,617.18
391,483.71
99.29 3.69%
397,171.88
38.46 1.89%
5,688.16
Aa1/AA+
AA+
4.00 3.70
91282CLR0 UNITED STATES TREASURY 4.125
10/31/2029 400,000.00 --4.33%
396,388.68
396,993.10
101.59
3.70%
406,359.38
6,904.89
1.94%
9,366.28
Aa1/AA+
AA+
4.08 3.67
91282CMA6 UNITED STATES TREASURY 4.125
11/30/2029 400,000.00 12/11/20244.09%
400,546.88
400,458.55
101.61
3.70%
406,437.50
5,545.08
1.94%
5,978.95
Aa1/AA+
AA+
4.17 3.75
91282CMD0 UNITED STATES TREASURY 4.375
12/31/2029 400,000.00 --4.45%
398,679.69
398,867.92
102.59
3.71%
410,343.75
4,422.55
1.96%
11,475.83
Aa1/AA+
AA+
4.25 3.82
91282CMU2 UNITED STATES TREASURY 4.0
03/31/2030 300,000.00 04/07/20253.75%
303,375.00
303,048.27
101.14
3.72%
303,433.59
32.97 1.45%
385.33
Aa1/AA+
AA+
4.50 4.09
91282CMZ1 UNITED STATES TREASURY 3.875
04/30/2030 500,000.00 09/16/20253.57%
506,425.78
506,372.42
100.63
3.72%
503,164.06
8,108.02
2.40%
(3,208.36)
Aa1/AA+
AA+
4.58 4.10
91282CNG2 UNITED STATES TREASURY 4.0
05/31/2030 350,000.00 06/09/20254.08%
348,742.19
348,820.46
101.17
3.72%
354,101.56
4,704.92
1.69%
5,281.11
Aa1/AA+
AA+
4.67 4.17
91282CNK3 UNITED STATES TREASURY 3.875
06/30/2030 325,000.00 07/29/20253.95%
323,933.59
323,971.00
100.61
3.73%
326,993.16
3,182.66
1.56%
3,022.17
Aa1/AA+
AA+
4.75 4.26
91282CNN7 UNITED STATES TREASURY 3.875
07/31/2030 225,000.00 08/26/20253.77%
226,081.05
226,060.02
100.60
3.74%
226,353.51
1,468.92
1.08%
293.50
Aa1/AA+
AA+
4.83 4.35
91282CNX5 UNITED STATES TREASURY 3.625
08/31/2030 500,000.00 09/16/20253.58%
500,937.50
500,930.24
99.48 3.74%
497,421.88
1,552.14
2.37%
(3,508.37)
Aa1/AA+
AA+
4.92 4.45
Total US Treasury 8,550,000.00 3.95%
8,577,791.03
8,567,645.32
101.05
3.68%
8,638,369.62
75,754.01
41.21%
70,724.31
3.54 3.23
Total Portfolio 20,849,832.66 4.21%
20,757,750.18
20,763,804.19
99.22 3.87%
20,959,881.27
162,670.11
100.00%
196,077.08
3.22 2.71
Item 7.4
Tuesday, November 04, 2025 38 of 249
CONFIDENTIAL | 10
City of Campbell | Account #11214 | As of September 30, 2025 Execution Time: 10/02/2025 03:34:09 PM 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
Total Market Value
+ Accrued 21,122,551.38
Item 7.4
Tuesday, November 04, 2025 39 of 249
CONFIDENTIAL | 11
City of Campbell | Account #11214 | As of September 30, 2025 Execution Time: 10/02/2025 03:34:09 PM 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 09/02/2025 X9USDDGCM 22,718.75 DREYFUS GVT CM INST 1.000 4.18% (22,718.75) 0.00 (22,718.75) 0.00 Purchase 09/03/2025 X9USDDGCM 637.92 DREYFUS GVT CM INST 1.000 4.17% (637.92) 0.00 (637.92) 0.00 Purchase 09/12/2025 X9USDDGCM 9,155.56 DREYFUS GVT CM INST 1.000 4.18% (9,155.56) 0.00 (9,155.56) 0.00 Purchase 09/12/2025 X9USDDGCM 1,000,000.00 DREYFUS GVT CM INST 1.000 4.18% (1,000,000.00) 0.00 (1,000,000.00) 0.00 Purchase 09/15/2025 X9USDDGCM 21,386.04 DREYFUS GVT CM INST 1.000 4.18% (21,386.04) 0.00 (21,386.04) 0.00 Purchase 09/15/2025 X9USDDGCM 7,184.10 DREYFUS GVT CM INST 1.000 4.18% (7,184.10) 0.00 (7,184.10) 0.00 Purchase 09/16/2025 X9USDDGCM 528.00 DREYFUS GVT CM INST 1.000 4.18% (528.00) 0.00 (528.00) 0.00 Purchase 09/17/2025 X9USDDGCM 4,000.00 DREYFUS GVT CM INST 1.000 4.17% (4,000.00) 0.00 (4,000.00) 0.00 Purchase 09/17/2025 91282CNX5 500,000.00 UNITED STATES TREASURY
3.625 08/31/2030 100.188 3.58% (500,937.50) (851.17) (501,788.67) 0.00 Purchase 09/17/2025 91282CMZ1 500,000.00 UNITED STATES TREASURY
3.875 04/30/2030 101.285 3.57% (506,425.78) (7,370.92) (513,796.70) 0.00 Purchase 09/22/2025 X9USDDGCM 769.16 DREYFUS GVT CM INST 1.000 4.07% (769.16) 0.00 (769.16) 0.00 Purchase 09/23/2025 62479MES8 350,000.00 MUFG Bank, Ltd., New York Branch 05/26/2026 97.359 3.99% (340,758.06) 0.00 (340,758.06) 0.00 Purchase 09/24/2025 3130B7QM9 500,000.00 FEDERAL HOME LOAN BANKS 3.5 09/09/2027 99.759 3.63% (498,795.00) (631.94) (499,426.94) 0.00 Purchase 09/25/2025 X9USDDGCM 246.21 DREYFUS GVT CM INST 1.000 4.03% (246.21) 0.00 (246.21) 0.00 Purchase 09/25/2025 X9USDDGCM 7,349.12 DREYFUS GVT CM INST 1.000 4.03% (7,349.12) 0.00 (7,349.12) 0.00 Purchase 09/30/2025 X9USDDGCM 27,437.50 DREYFUS GVT CM INST 1.000 4.03% (27,437.50) 0.00 (27,437.50) 0.00 Total Purchase 2,951,412.36 (2,948,328.70) (8,854.03) (2,957,182.73) 0.00 TOTAL
ACQUISITIONS 2,951,412.36 (2,948,328.70) (8,854.03) (2,957,182.73) 0.00
DISPOSITIONS
Maturity 09/17/2025 3130ANVB3 (1,000,000.00) FEDERAL HOME LOAN BANKS 0.8 09/17/2025 100.000 0.80% 1,000,000.00 0.00 1,000,000.00 0.00 Total Maturity (1,000,000.00) 1,000,000.00 0.00 1,000,000.00 0.00 Sale 09/17/2025 X9USDDGCM (15,585.37) DREYFUS GVT CM INST 1.000 4.17% 15,585.37 0.00 15,585.37 0.00 Sale 09/23/2025 X9USDDGCM (338,179.31) DREYFUS GVT CM INST 1.000 4.03% 338,179.31 0.00 338,179.31 0.00 Sale 09/24/2025 X9USDDGCM (499,426.94) DREYFUS GVT CM INST 1.000 4.03% 499,426.94 0.00 499,426.94 0.00 Item 7.4
Tuesday, November 04, 2025 40 of 249
CONFIDENTIAL | 12
City of Campbell | Account #11214 | As of September 30, 2025 Execution Time: 10/02/2025 03:34:09 PM 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
Total Sale (853,191.62) 853,191.62 0.00 853,191.62 0.00 TOTAL
DISPOSITIONS (1,853,191.62) 1,853,191.62 0.00 1,853,191.62 0.00 OTHER
TRANSACTIONS
Call Redemption 09/12/2025 3133ENZC7 (1,000,000.00)
FEDERAL FARM CREDIT
BANKS FUNDING CORP
4.12 06/22/2026
100.000 4.12% 1,000,000.00 0.00 1,000,000.00 0.00
Total Call
Redemption (1,000,000.00) 1,000,000.00 0.00 1,000,000.00 0.00 Coupon 09/01/2025 3137FLN91 0.00 FHMS K-091 A2 3.505
03/25/2029 4.62% 876.25 0.00 876.25 0.00
Coupon 09/01/2025 3137BSRE5 0.00 FHMS K-059 A2 3.12
09/25/2026 4.55% 650.00 0.00 650.00 0.00
Coupon 09/01/2025 3137FJEH8 0.00 FHMS K-081 A2 3.9
08/25/2028 4.53% 812.50 0.00 812.50 0.00
Coupon 09/01/2025 3137FRUJ8 0.00 FHMS K-105 A2 1.872
01/25/2030 4.43% 429.00 0.00 429.00 0.00
Coupon 09/01/2025 3137FNAE0 0.00 FHMS K-095 A2 2.785
06/25/2029 4.39% 580.21 0.00 580.21 0.00
Coupon 09/01/2025 3137FJKE8 0.00 FHMS K-082 A2 3.92
09/25/2028 4.27% 816.67 0.00 816.67 0.00
Coupon 09/01/2025 3137FPHK4 0.00 FHMS K-098 A2 2.425
08/25/2029 4.26% 606.25 0.00 606.25 0.00
Coupon 09/01/2025 3137FMCR1 0.00 FHMS K-093 A2 2.982
05/25/2029 4.15% 369.20 0.00 369.20 0.00
Coupon 09/01/2025 3137FKSH0 0.00 FHMS K-086 A2 3.859
11/25/2028 3.82% 482.37 0.00 482.37 0.00
Coupon 09/12/2025 3133ENZC7 0.00
FEDERAL FARM CREDIT
BANKS FUNDING CORP
4.12 06/22/2026
4.12% 9,155.56 0.00 9,155.56 0.00
Item 7.4
Tuesday, November 04, 2025 41 of 249
CONFIDENTIAL | 13
City of Campbell | Account #11214 | As of September 30, 2025 Execution Time: 10/02/2025 03:34:09 PM 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 09/15/2025 47800DAD6 0.00 JDOT 2025 A3 4.23
09/17/2029 5.09% 352.50 0.00 352.50 0.00
Coupon 09/15/2025 58773DAD6 0.00 MBART 2025-1 A3 4.78
12/17/2029 4.84% 458.08 0.00 458.08 0.00
Coupon 09/15/2025 89231HAD8 0.00 TAOT 2025-B A3 4.34
11/15/2029 4.82% 235.08 0.00 235.08 0.00
Coupon 09/15/2025 00287YDY2 0.00 ABBVIE INC 4.65
03/15/2028 4.70% 3,213.02 0.00 3,213.02 0.00
Coupon 09/15/2025 571748CA8 0.00
MARSH & MCLENNAN
COMPANIES INC 4.65
03/15/2030
4.67% 5,812.50 0.00 5,812.50 0.00
Coupon 09/15/2025 34535VAD6 0.00 FORDO 2024-D A3 4.61
08/15/2029 4.66% 461.00 0.00 461.00 0.00
Coupon 09/15/2025 47800RAD5 0.00 JDOT 2024 A3 4.96
11/15/2028 4.63% 826.67 0.00 826.67 0.00
Coupon 09/15/2025 891940AC2 0.00 TAOT 2023-A A3 4.63
09/15/2027 4.63% 304.44 0.00 304.44 0.00
Coupon 09/15/2025 02589BAE0 0.00 AMXCA 2024-3 A 4.65
07/15/2027 4.57% 775.00 0.00 775.00 0.00
Coupon 09/15/2025 89239TAD4 0.00 TAOT 2024-D A3 4.4
06/15/2029 4.51% 220.00 0.00 220.00 0.00
Coupon 09/15/2025 44935XAD7 0.00 HART 2025-B A3 4.36
12/17/2029 4.36% 290.67 0.00 290.67 0.00
Coupon 09/15/2025 92970QAE5 0.00 WFCIT 2024-2 A 4.29
10/15/2029 4.29% 393.25 0.00 393.25 0.00
Coupon 09/15/2025 02582JKP4 0.00 AMXCA 2025-2 A 4.28
04/15/2030 4.28% 606.33 0.00 606.33 0.00
Coupon 09/15/2025 91282CKE0 0.00 UNITED STATES TREASURY
4.25 03/15/2027 3.86% 7,437.50 0.00 7,437.50 0.00
Coupon 09/16/2025 362955AD8 0.00 GMCAR 2025-1 A3 4.62
12/17/2029 5.03% 308.00 0.00 308.00 0.00
Coupon 09/16/2025 38014AAD3 0.00 GMCAR 2024-4 A3 4.4
08/16/2029 4.32% 220.00 0.00 220.00 0.00
Item 7.4
Tuesday, November 04, 2025 42 of 249
CONFIDENTIAL | 14
City of Campbell | Account #11214 | As of September 30, 2025 Execution Time: 10/02/2025 03:34:09 PM 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 09/17/2025 3130ANVB3 0.00 FEDERAL HOME LOAN
BANKS 0.8 09/17/2025 0.80% 4,000.00 0.00 4,000.00 0.00
Coupon 09/20/2025 362962AD4 0.00 GMALT 2025-2 A3 4.58
05/22/2028 4.84% 362.58 0.00 362.58 0.00
Coupon 09/20/2025 459058LR2 0.00
INTERNATIONAL BANK
FOR RECONSTRUCTION
AND DEVELOPM 4.125
03/20/2030
4.20% 2,578.75 0.00 2,578.75 0.00
Coupon 09/20/2025 379965AD8 0.00 GMALT 2025-3 A3 4.17
08/21/2028 4.18% 406.58 0.00 406.58 0.00
Coupon 09/25/2025 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 09/30/2025 91282CKG5 0.00 UNITED STATES TREASURY
4.125 03/31/2029 4.31% 7,218.75 0.00 7,218.75 0.00
Coupon 09/30/2025 91282CFM8 0.00 UNITED STATES TREASURY
4.125 09/30/2027 4.17% 7,218.75 0.00 7,218.75 0.00
Coupon 09/30/2025 91282CLN9 0.00 UNITED STATES TREASURY
3.5 09/30/2029 4.09% 6,125.00 0.00 6,125.00 0.00
Coupon 09/30/2025 91282CLN9 0.00 UNITED STATES TREASURY
3.5 09/30/2029 4.09% 875.00 0.00 875.00 0.00
Coupon 09/30/2025 91282CMU2 0.00 UNITED STATES TREASURY
4.0 03/31/2030 3.75% 6,000.00 0.00 6,000.00 0.00
Total Coupon 0.00 73,204.13 0.00 73,204.13 0.00
Principal Paydown 09/01/2025 3137BSRE5 83.72 FHMS K-059 A2 3.12 09/25/2026 4.55% 83.72 -- 83.72 (0.00)
Principal Paydown 09/01/2025 3137FMCR1 162.49 FHMS K-093 A2 2.982 05/25/2029 4.15% 162.49 -- 162.49 0.00
Principal Paydown 09/15/2025 891940AC2 7,184.10 TAOT 2023-A A3 4.63 09/15/2027 4.63% 7,184.10 -- 7,184.10 (0.00)
Total Principal
Paydown 7,430.31 7,430.31 -- 7,430.31 (0.00)
TOTAL OTHER
TRANSACTIONS (992,569.69) 1,080,634.44 0.00 1,080,634.44 (0.00) Item 7.4
Tuesday, November 04, 2025 43 of 249
CONFIDENTIAL | 15
City of Campbell | Account #11214 | As of September 30, 2025 Execution Time: 10/02/2025 03:34:09 PM 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 Cash
0.00 0.00
0.00 0.00
0.00 0.00
0.00 0.00
0.00 0.00
0.00 0.00
0.00 0.00
CCYUSD Receivable
1,695.52
23,356.67
0.00 0.00
1,695.52
0.00 0.00
0.00 0.00
0.00 0.00
0.00 0.00
0.00 X9USDDGCM DREYFUS GVT CM INST
283,090.23
34,869.49
1,101,412.36
(853,191.62)
283,090.23
0.00 637.92
0.00 637.92
0.00 0.00
0.00 637.92
637.92
Total Cash & Equivalents 284,785.75
58,226.16
1,101,412.36
(853,191.62)
284,785.75
0.00 637.92
0.00 637.92
0.00 0.00
0.00 637.92 637.92
FIXED INCOME
00287YDY2 ABBVIE INC 4.65 03/15/2028
02/18/2025
02/26/2025
125,000.00
124,861.68
0.00 0.00
124,866.16
2,986.98
3,213.02
258.33
484.37
4.48 0.00
4.48 488.86
488.86
025816EJ4 AMERICAN EXPRESS CO 4.351
07/20/2029
07/21/2025
07/25/2025
170,000.00
170,000.00
0.00 0.00
170,000.00
739.67
0.00 1,356.06
616.39
0.00 0.00
0.00 616.39
616.39
02582JKP4 AMXCA 2025-2 A 4.28
04/15/2030
05/06/2025
05/13/2025
170,000.00
169,997.11
0.00 0.00
169,997.16
323.38
606.33
323.38
606.33
0.05 0.00
0.05 606.38
606.38
02589BAE0 AMXCA 2024-3 A 4.65
07/15/2027
02/20/2025
02/21/2025
200,000.00
200,426.74
0.00 0.00
200,407.97
413.33
775.00
413.33
775.00
0.00 (18.77)
(18.77)
756.23
756.23
Item 7.4
Tuesday, November 04, 2025 44 of 249
CONFIDENTIAL | 16
City of Campbell | Account #11214 | As of September 30, 2025 Execution Time: 10/02/2025 03:34:09 PM 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
02665WFK2 AMERICAN HONDA FINANCE
CORP 4.9 07/09/2027
09/18/2024
09/19/2024
200,000.00
203,025.15
0.00 0.00
202,890.90
1,415.56
0.00 2,232.22
816.67
0.00 (134.25)
(134.25)
682.41
682.41
06051GLG2 BANK OF AMERICA CORP
5.202 04/25/2029
08/12/2024
08/13/2024
150,000.00
151,825.20
0.00 0.00
151,768.58
2,731.05
0.00 3,381.30
650.25
0.00 (56.62)
(56.62)
593.63
593.63
06051GMK2 BANK OF AMERICA CORP
4.979 01/24/2029
01/17/2025
01/24/2025
150,000.00
150,000.00
0.00 0.00
150,000.00
767.60
0.00 1,389.97
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
472.60
0.00 889.60
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
223,795.25
0.00 0.00
223,850.85
1,946.10
0.00 2,694.60
748.50
55.60 0.00
55.60 804.10
804.10
096919AD7 BMWOT 2024-A A3 5.18
02/26/2029 400,000.00
403,312.41
0.00 0.00
403,206.24
345.33
1,726.67
345.33
1,726.67
0.00 (106.17)
(106.17)
1,620.50
1,620.50
13063EGT7 CALIFORNIA STATE 4.5
08/01/2029
10/30/2024
11/05/2024
205,000.00
205,893.01
0.00 0.00
205,874.27
768.75
0.00 1,537.50
768.75
0.00 (18.73)
(18.73)
750.02
750.02
14913UAU4
CATERPILLAR FINANCIAL
SERVICES CORP 4.7
11/15/2029
11/12/2024
11/15/2024
250,000.00
249,657.22
0.00 0.00
249,663.91
3,459.72
0.00 4,438.89
979.17
6.69 0.00
6.69 985.86
985.86
17275RBW1 CISCO SYSTEMS INC 4.55
02/24/2028
03/11/2025
03/12/2025
250,000.00
251,300.39
0.00 0.00
251,255.81
221.18
0.00 1,169.10
947.92
0.00 (44.58)
(44.58)
903.33
903.33
Item 7.4
Tuesday, November 04, 2025 45 of 249
CONFIDENTIAL | 17
City of Campbell | Account #11214 | As of September 30, 2025 Execution Time: 10/02/2025 03:34:09 PM 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
24422EXT1 JOHN DEERE CAPITAL CORP
4.85 06/11/2029
08/12/2024
08/13/2024
225,000.00
228,393.14
0.00 0.00
228,319.32
2,425.00
0.00 3,334.38
909.38
0.00 (73.82)
(73.82)
835.56
835.56
26442CAY0 DUKE ENERGY CAROLINAS
LLC 2.45 08/15/2029
12/18/2024
12/19/2024
250,000.00
230,053.69
0.00 0.00
230,468.09
272.22
0.00 782.64
510.42
414.40
0.00 414.40
924.81
924.81
3130ANVB3 FEDERAL HOME LOAN BANKS
0.8 09/17/2025
09/17/2021
09/17/2021
0.00 1,000,000.00
0.00 (1,000,000.00)
0.00 3,644.44
4,000.00
0.00 355.56
0.00 0.00
0.00 355.56
355.56
3130B7QM9 FEDERAL HOME LOAN BANKS
3.5 09/09/2027
09/23/2025
09/24/2025
500,000.00
0.00 498,795.00
0.00 498,806.80
0.00 (631.94)
972.22
340.28
11.80 0.00
11.80 352.08
352.08
3133ENZC7
FEDERAL FARM CREDIT
BANKS FUNDING CORP 4.12
06/22/2026
06/22/2022
06/22/2022
0.00 1,000,000.00
0.00 (1,000,000.00)
0.00 7,896.67
9,155.56
0.00 1,258.89
0.00 0.00
0.00 1,258.89
1,258.89
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
5,390.00
0.00 8,690.00
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
249,916.28
246,424.48
0.00 (83.72)
246,635.73
650.00
650.00
649.78
649.78
294.98
0.00 294.98
944.76
944.76
3137FJEH8 FHMS K-081 A2 3.9
08/25/2028
11/21/2024
11/26/2024
250,000.00
245,511.74
0.00 0.00
245,638.17
812.50
812.50
812.50
812.50
126.43
0.00 126.43
938.93
938.93
3137FJKE8 FHMS K-082 A2 3.92
09/25/2028
06/10/2025
06/13/2025
250,000.00
247,196.80
0.00 0.00
247,273.53
816.67
816.67
816.67
816.67
76.73 0.00
76.73 893.40
893.40
Item 7.4
Tuesday, November 04, 2025 46 of 249
CONFIDENTIAL | 18
City of Campbell | Account #11214 | As of September 30, 2025 Execution Time: 10/02/2025 03:34:09 PM 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
3137FKSH0 FHMS K-086 A2 3.859
11/25/2028
09/18/2024
09/23/2024
150,000.00
150,004.52
0.00 0.00
150,004.40
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
289,439.40
0.00 0.00
289,687.49
876.25
876.25
876.25
876.25
248.10
0.00 248.10
1,124.35
1,124.35
3137FMCR1 FHMS K-093 A2 2.982
05/25/2029
10/16/2024
10/21/2024
148,410.27
142,897.97
0.00 (162.49)
142,868.79
369.20
369.20
368.80
368.80
133.30
0.00 133.30
502.10
502.10
3137FNAE0 FHMS K-095 A2 2.785
06/25/2029
03/13/2025
03/18/2025
250,000.00
236,369.74
0.00 0.00
236,668.43
580.21
580.21
580.21
580.21
298.69
0.00 298.69
878.90
878.90
3137FPHK4 FHMS K-098 A2 2.425
08/25/2029
10/17/2024
10/22/2024
300,000.00
280,686.23
0.00 0.00
281,091.42
606.25
606.25
606.25
606.25
405.18
0.00 405.18
1,011.43
1,011.43
3137FRUJ8 FHMS K-105 A2 1.872
01/25/2030
03/17/2025
03/20/2025
275,000.00
247,712.41
0.00 0.00
248,229.55
429.00
429.00
429.00
429.00
517.14
0.00 517.14
946.14
946.14
34535VAD6 FORDO 2024-D A3 4.61
08/15/2029
11/19/2024
11/22/2024
120,000.00
119,996.78
0.00 0.00
119,996.85
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
79,994.82
0.00 0.00
79,994.92
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
05/22/2028
05/20/2025
05/29/2025
95,000.00
94,998.56
0.00 0.00
94,998.60
132.95
362.58
132.95
362.58
0.04 0.00
0.04 362.62
362.62
Item 7.4
Tuesday, November 04, 2025 47 of 249
CONFIDENTIAL | 19
City of Campbell | Account #11214 | As of September 30, 2025 Execution Time: 10/02/2025 03:34:09 PM 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
379965AD8 GMALT 2025-3 A3 4.17
08/21/2028
08/05/2025
08/13/2025
90,000.00
89,986.56
0.00 0.00
89,986.93
187.65
406.58
114.68
333.61
0.37 0.00
0.37 333.98
333.98
38014AAD3 GMCAR 2024-4 A3 4.4
08/16/2029
10/08/2024
10/16/2024
60,000.00
59,990.54
0.00 0.00
59,990.73
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
227,277.20
0.00 0.00
227,168.93
2,010.94
0.00 2,925.00
914.06
0.00 (108.27)
(108.27)
805.80
805.80
44935XAD7 HART 2025-B A3 4.36
12/17/2029
06/03/2025
06/11/2025
80,000.00
79,993.14
0.00 0.00
79,993.27
155.02
290.67
155.02
290.67
0.13 0.00
0.13 290.80
290.80
459058LN1
INTERNATIONAL BANK FOR
RECONSTRUCTION AND
DEVELOPM 3.875 10/16/2029
12/13/2024
12/16/2024
350,000.00
344,615.52
0.00 0.00
344,722.78
5,085.50
0.00 6,216.00
1,130.50
107.26
0.00 107.26
1,237.76
1,237.76
459058LR2
INTERNATIONAL BANK FOR
RECONSTRUCTION AND
DEVELOPM 4.125 03/20/2030
03/14/2025
03/20/2025
125,000.00
124,594.07
0.00 0.00
124,601.41
2,305.99
2,578.75
157.55
430.31
7.33 0.00
7.33 437.64
437.64
46647PDG8 JPMORGAN CHASE & CO
4.851 07/25/2028
08/12/2024
08/13/2024
150,000.00
150,600.03
0.00 0.00
150,574.02
727.65
0.00 1,334.03
606.38
0.00 (26.01)
(26.01)
580.36
580.36
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
580.93
0.00 1,051.95
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
99,994.37
0.00 0.00
99,994.49
188.00
352.50
188.00
352.50
0.11 0.00
0.11 352.61
352.61
Item 7.4
Tuesday, November 04, 2025 48 of 249
CONFIDENTIAL | 20
City of Campbell | Account #11214 | As of September 30, 2025 Execution Time: 10/02/2025 03:34:09 PM 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
47800RAD5 JDOT 2024 A3 4.96
11/15/2028
02/20/2025
02/21/2025
200,000.00
200,971.43
0.00 0.00
200,935.23
440.89
826.67
440.89
826.67
0.00 (36.20)
(36.20)
790.47
790.47
532457CQ9 ELI LILLY AND CO 4.2
08/14/2029
08/12/2024
08/14/2024
235,000.00
234,818.01
0.00 0.00
234,821.79
466.08
0.00 1,288.58
822.50
3.78 0.00
3.78 826.28
826.28
571748CA8
MARSH & MCLENNAN
COMPANIES INC 4.65
03/15/2030
03/24/2025
03/25/2025
250,000.00
249,776.59
0.00 0.00
249,780.63
5,360.42
5,812.50
516.67
968.75
4.05 0.00
4.05 972.80
972.80
58773DAD6 MBART 2025-1 A3 4.78
12/17/2029
01/14/2025
01/23/2025
115,000.00
114,978.56
0.00 0.00
114,978.97
244.31
458.08
244.31
458.08
0.41 0.00
0.41 458.49
458.49
62479MES8 MUFG Bank, Ltd., New York
Branch 05/26/2026
09/23/2025
09/23/2025
350,000.00
0.00 340,758.06
0.00 341,059.84
0.00 0.00
0.00 0.00
301.78
0.00 301.78
301.78
301.78
63743HFX5
NATIONAL RURAL UTILITIES
COOPERATIVE FINANCE CORP
4.95 02/07/2030
02/20/2025
02/21/2025
250,000.00
250,490.71
0.00 0.00
250,481.44
825.00
0.00 1,856.25
1,031.25
0.00 (9.26)
(9.26)
1,021.99
1,021.99
69371RT71 PACCAR FINANCIAL CORP
4.55 05/08/2030
05/05/2025
05/08/2025
230,000.00
229,666.15
0.00 0.00
229,672.00
3,284.85
0.00 4,156.93
872.08
5.86 0.00
5.86 877.94
877.94
78017FZQ9 ROYAL BANK OF CANADA
4.51 10/18/2027
11/05/2024
11/06/2024
250,000.00
249,281.49
0.00 0.00
249,309.23
4,165.49
0.00 5,105.07
939.58
27.74 0.00
27.74 967.33
967.33
857477CP6 STATE STREET CORP 4.33
10/22/2027
11/07/2024
11/08/2024
250,000.00
248,940.43
0.00 0.00
248,981.13
3,878.96
0.00 4,781.04
902.08
40.70 0.00
40.70 942.78
942.78
Item 7.4
Tuesday, November 04, 2025 49 of 249
CONFIDENTIAL | 21
City of Campbell | Account #11214 | As of September 30, 2025 Execution Time: 10/02/2025 03:34:09 PM 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
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
941.82
0.00 1,853.26
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
71,720.37
78,922.50
0.00 (7,184.10)
71,735.56
162.37
304.44
147.58
289.66
0.00 (2.84)
(2.84)
286.81
286.81
89231HAD8 TAOT 2025-B A3 4.34
11/15/2029
04/24/2025
04/30/2025
65,000.00
64,996.56
0.00 0.00
64,996.63
125.38
235.08
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
225,447.50
0.00 0.00
225,438.16
625.63
0.00 1,478.75
853.13
0.00 (9.34)
(9.34)
843.79
843.79
89236TNA9 TOYOTA MOTOR CREDIT
CORP 4.95 01/09/2030
01/06/2025
01/09/2025
170,000.00
169,683.02
0.00 0.00
169,689.00
1,215.50
0.00 1,916.75
701.25
5.98 0.00
5.98 707.23
707.23
89239TAD4 TAOT 2024-D A3 4.4
06/15/2029
10/10/2024
10/17/2024
60,000.00
59,997.28
0.00 0.00
59,997.34
117.33
220.00
117.33
220.00
0.06 0.00
0.06 220.06
220.06
91159HJK7 US BANCORP 4.653
02/01/2029
09/05/2024
09/06/2024
200,000.00
200,792.78
0.00 0.00
200,765.85
775.50
0.00 1,551.00
775.50
0.00 (26.93)
(26.93)
748.57
748.57
91282CEV9 UNITED STATES TREASURY
3.25 06/30/2029
11/18/2024
11/19/2024
350,000.00
337,208.63
0.00 0.00
337,483.12
1,947.35
0.00 2,874.66
927.31
274.49
0.00 274.49
1,201.80
1,201.80
91282CFM8 UNITED STATES TREASURY
4.125 09/30/2027
10/31/2024
11/01/2024
350,000.00
349,658.33
0.00 0.00
349,671.83
6,074.80
7,218.75
39.66 1,183.62
13.50 0.00
13.50 1,197.12
1,197.12
Item 7.4
Tuesday, November 04, 2025 50 of 249
CONFIDENTIAL | 22
City of Campbell | Account #11214 | As of September 30, 2025 Execution Time: 10/02/2025 03:34:09 PM 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
91282CGP0 UNITED STATES TREASURY 4.0
02/29/2028
08/08/2024
08/09/2024
375,000.00
376,088.94
0.00 0.00
376,053.08
41.44 7,500.00
1,284.53
8,743.09
0.00 (35.86)
(35.86)
8,707.23
8,707.23
91282CHK0 UNITED STATES TREASURY 4.0
06/30/2028
08/20/2024
08/21/2024
350,000.00
352,205.16
0.00 0.00
352,141.12
2,396.74
0.00 3,538.04
1,141.30
0.00 (64.04)
(64.04)
1,077.26
1,077.26
91282CJC6 UNITED STATES TREASURY
4.625 10/15/2026
08/30/2024
08/30/2024
375,000.00
377,902.96
0.00 0.00
377,690.03
6,586.83
0.00 8,008.45
1,421.62
0.00 (212.93)
(212.93)
1,208.69
1,208.69
91282CJF9 UNITED STATES TREASURY
4.875 10/31/2028
08/08/2024
08/09/2024
375,000.00
386,055.10
0.00 0.00
385,768.20
6,159.99
0.00 7,650.31
1,490.32
0.00 (286.90)
(286.90)
1,203.42
1,203.42
91282CKD2 UNITED STATES TREASURY
4.25 02/28/2029
11/26/2024
11/27/2024
375,000.00
375,481.12
0.00 0.00
375,469.81
44.03 7,968.75
1,364.81
9,289.54
0.00 (11.31)
(11.31)
9,278.23
9,278.23
91282CKE0 UNITED STATES TREASURY
4.25 03/15/2027
08/20/2024
08/21/2024
350,000.00
351,987.68
0.00 0.00
351,881.20
6,871.60
7,437.50
657.46
1,223.36
0.00 (106.48)
(106.48)
1,116.87
1,116.87
91282CKG5 UNITED STATES TREASURY
4.125 03/31/2029
11/18/2024
11/19/2024
350,000.00
347,947.24
0.00 0.00
347,994.36
6,074.80
7,218.75
39.66 1,183.62
47.12 0.00
47.12 1,230.74
1,230.74
91282CKP5 UNITED STATES TREASURY
4.625 04/30/2029
08/08/2024
08/09/2024
375,000.00
384,752.74
0.00 0.00
384,533.91
5,844.09
0.00 7,257.98
1,413.89
0.00 (218.84)
(218.84)
1,195.06
1,195.06
91282CKZ3 UNITED STATES TREASURY
4.375 07/15/2027
08/08/2024
08/09/2024
375,000.00
378,062.43
0.00 0.00
377,927.72
2,139.95
0.00 3,477.41
1,337.47
0.00 (134.71)
(134.71)
1,202.76
1,202.76
Item 7.4
Tuesday, November 04, 2025 51 of 249
CONFIDENTIAL | 23
City of Campbell | Account #11214 | As of September 30, 2025 Execution Time: 10/02/2025 03:34:09 PM 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
91282CLC3 UNITED STATES TREASURY 4.0
07/31/2029
08/20/2024
08/21/2024
350,000.00
353,669.30
0.00 0.00
353,592.27
1,217.39
0.00 2,358.70
1,141.30
0.00 (77.03)
(77.03)
1,064.27
1,064.27
91282CLK5 UNITED STATES TREASURY
3.625 08/31/2029 400,000.00
400,442.07
0.00 0.00
400,432.99
40.06 7,250.00
1,241.71
8,451.66
35.61 (44.69)
(9.08)
8,442.57
8,442.57
91282CLN9 UNITED STATES TREASURY 3.5
09/30/2029 400,000.00
391,308.72
0.00 0.00
391,483.71
5,890.71
7,000.00
38.46 1,147.75
174.99
0.00 174.99
1,322.74
1,322.74
91282CLR0 UNITED STATES TREASURY
4.125 10/31/2029 400,000.00
396,932.60
0.00 0.00
396,993.10
5,559.78
0.00 6,904.89
1,345.11
60.50 0.00
60.50 1,405.61
1,405.61
91282CMA6 UNITED STATES TREASURY
4.125 11/30/2029
12/11/2024
12/12/2024
400,000.00
400,467.59
0.00 0.00
400,458.55
4,192.62
0.00 5,545.08
1,352.46
0.00 (9.04)
(9.04)
1,343.41
1,343.41
91282CMD0 UNITED STATES TREASURY
4.375 12/31/2029 400,000.00
398,846.04
0.00 0.00
398,867.92
2,995.92
0.00 4,422.55
1,426.63
24.93 (3.05)
21.88 1,448.51
1,448.51
91282CMU2 UNITED STATES TREASURY 4.0
03/31/2030
04/07/2025
04/08/2025
300,000.00
303,103.96
0.00 0.00
303,048.27
5,049.18
6,000.00
32.97 983.79
0.00 (55.69)
(55.69)
928.09
928.09
91282CMZ1 UNITED STATES TREASURY
3.875 04/30/2030
09/16/2025
09/17/2025
500,000.00
0.00 506,425.78
0.00 506,372.42
0.00 (7,370.92)
8,108.02
737.10
0.00 (53.36)
(53.36)
683.74
683.74
91282CNG2 UNITED STATES TREASURY 4.0
05/31/2030
06/09/2025
06/10/2025
350,000.00
348,799.68
0.00 0.00
348,820.46
3,557.38
0.00 4,704.92
1,147.54
20.78 0.00
20.78 1,168.32
1,168.32
Item 7.4
Tuesday, November 04, 2025 52 of 249
CONFIDENTIAL | 24
City of Campbell | Account #11214 | As of September 30, 2025 Execution Time: 10/02/2025 03:34:09 PM 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
91282CNK3 UNITED STATES TREASURY
3.875 06/30/2030
07/29/2025
07/30/2025
325,000.00
323,953.18
0.00 0.00
323,971.00
2,156.00
0.00 3,182.66
1,026.66
17.81 0.00
17.81 1,044.48
1,044.48
91282CNN7 UNITED STATES TREASURY
3.875 07/31/2030
08/26/2025
08/27/2025
225,000.00
226,078.05
0.00 0.00
226,060.02
758.15
0.00 1,468.92
710.77
0.00 (18.03)
(18.03)
692.74
692.74
91282CNX5 UNITED STATES TREASURY
3.625 08/31/2030
09/16/2025
09/17/2025
500,000.00
0.00 500,937.50
0.00 500,930.24
0.00 (851.17)
1,552.14
700.97
0.00 (7.26)
(7.26)
693.72
693.72
91324PEY4 UNITEDHEALTH GROUP INC
4.6 04/15/2027
09/18/2024
09/19/2024
240,000.00
242,683.55
0.00 0.00
242,539.79
4,170.67
0.00 5,090.67
920.00
0.00 (143.76)
(143.76)
776.24
776.24
92970QAE5 WFCIT 2024-2 A 4.29
10/15/2029
10/17/2024
10/24/2024
110,000.00
109,986.46
0.00 0.00
109,986.73
209.73
393.25
209.73
393.25
0.27 0.00
0.27 393.52
393.52
931142FN8 WALMART INC 4.35
04/28/2030
04/23/2025
04/28/2025
185,000.00
184,702.03
0.00 0.00
184,707.29
2,749.56
0.00 3,420.19
670.63
5.26 0.00
5.26 675.88
675.88
Total Fixed Income 20,565,046.91
20,637,912.44
1,846,916.34
(2,007,430.31)
20,479,018.44
159,084.79
87,068.85
162,670.11
90,654.16
3,774.88
(2,154.91)
1,619.97
92,274.13 92,274.13
TOTAL PORTFOLIO 20,849,832.67
20,696,138.61
2,948,328.70
(2,860,621.93)
20,763,804.19
159,084.79
87,706.77
162,670.11
91,292.08
3,774.88
(2,154.91)
1,619.97
92,912.05 92,912.05
Item 7.4
Tuesday, November 04, 2025 53 of 249
CONFIDENTIAL | 25
City of Campbell | Account #11214 | As of September 30, 2025 Execution Time: 10/02/2025 03:34:09 PM 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
10/01/2025 Dividend 262006208 0.00 1,695.52 1,695.52
10/01/2025 Dividend X9USDDGCM 283,090.23 DREYFUS GVT CM INST 1,695.52 1,695.52 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 44935XAD7 80,000.00 HART 2025-B A3 4.36 12/17/2029 290.67 290.67 10/15/2025 Coupon 47800DAD6 100,000.00 JDOT 2025 A3 4.23 09/17/2029 352.50 352.50 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 71,720.37 TAOT 2023-A A3 4.63 09/15/2027 276.72 276.72 10/15/2025 Principal Paydown 891940AC2 71,720.37 TAOT 2023-A A3 4.63 09/15/2027 6,961.93 6,961.93 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 05/22/2028 362.58 362.58 10/20/2025 Coupon 379965AD8 90,000.00 GMALT 2025-3 A3 4.17 08/21/2028 312.75 312.75 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 249,916.28 FHMS K-059 A2 3.12 09/25/2026 649.78 649.78 10/27/2025 Principal Paydown 3137BSRE5 249,916.28 FHMS K-059 A2 3.12 09/25/2026 513.35 513.35 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 3137FJKE8 250,000.00 FHMS K-082 A2 3.92 09/25/2028 816.67 816.67 10/27/2025 Coupon 3137FKSH0 150,000.00 FHMS K-086 A2 3.859 11/25/2028 482.38 482.38 Item 7.4
Tuesday, November 04, 2025 54 of 249
CONFIDENTIAL | 26
City of Campbell | Account #11214 | As of September 30, 2025 Execution Time: 10/02/2025 03:34:09 PM 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 10/27/2025 Coupon 3137FLN91 300,000.00 FHMS K-091 A2 3.505 03/25/2029 876.25 876.25 10/27/2025 Coupon 3137FMCR1 148,410.27 FHMS K-093 A2 2.982 05/25/2029 368.80 368.80 10/27/2025 Principal Paydown 3137FMCR1 148,410.27 FHMS K-093 A2 2.982 05/25/2029 176.57 176.57 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 10/31/2025 Coupon 91282CMZ1 500,000.00 UNITED STATES TREASURY 3.875 04/30/2030 9,687.50 9,687.50 October 2025 Total 11,042.89 89,145.51 100,188.40
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 44935XAD7 80,000.00 HART 2025-B A3 4.36 12/17/2029 290.67 290.67 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 71,720.37 TAOT 2023-A A3 4.63 09/15/2027 249.86 249.86 11/17/2025 Principal Paydown 891940AC2 71,720.37 TAOT 2023-A A3 4.63 09/15/2027 6,791.22 6,791.22 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 05/22/2028 362.58 362.58 11/20/2025 Coupon 379965AD8 90,000.00 GMALT 2025-3 A3 4.17 08/21/2028 312.75 312.75 Item 7.4
Tuesday, November 04, 2025 55 of 249
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City of Campbell | Account #11214 | As of September 30, 2025 Execution Time: 10/02/2025 03:34:09 PM 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 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 249,916.28 FHMS K-059 A2 3.12 09/25/2026 648.45 648.45 11/25/2025 Principal Paydown 3137BSRE5 249,916.28 FHMS K-059 A2 3.12 09/25/2026 488.76 488.76 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 3137FJKE8 250,000.00 FHMS K-082 A2 3.92 09/25/2028 816.67 816.67 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 148,410.27 FHMS K-093 A2 2.982 05/25/2029 368.36 368.36 11/25/2025 Principal Paydown 3137FMCR1 148,410.27 FHMS K-093 A2 2.982 05/25/2029 163.30 163.30 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 7,443.28 24,526.00 31,969.28
DECEMBER 2025
12/01/2025 Coupon 91282CMA6 400,000.00 UNITED STATES TREASURY 4.125 11/30/2029 8,250.00 8,250.00 12/01/2025 Coupon 91282CNG2 350,000.00 UNITED STATES TREASURY 4.0 05/31/2030 7,000.00 7,000.00 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 44935XAD7 80,000.00 HART 2025-B A3 4.36 12/17/2029 290.67 290.67 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 71,720.37 TAOT 2023-A A3 4.63 09/15/2027 223.66 223.66 12/15/2025 Principal Paydown 891940AC2 71,720.37 TAOT 2023-A A3 4.63 09/15/2027 6,455.77 6,455.77 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 92970QAE5 110,000.00 WFCIT 2024-2 A 4.29 10/15/2029 393.25 393.25 Item 7.4
Tuesday, November 04, 2025 56 of 249
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City of Campbell | Account #11214 | As of September 30, 2025 Execution Time: 10/02/2025 03:34:09 PM 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 12/16/2025 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 362962AD4 95,000.00 GMALT 2025-2 A3 4.58 05/22/2028 362.58 362.58 12/22/2025 Coupon 379965AD8 90,000.00 GMALT 2025-3 A3 4.17 08/21/2028 312.75 312.75 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 249,916.28 FHMS K-059 A2 3.12 09/25/2026 647.18 647.18 12/25/2025 Principal Paydown 3137BSRE5 249,916.28 FHMS K-059 A2 3.12 09/25/2026 514.62 514.62 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 3137FJKE8 250,000.00 FHMS K-082 A2 3.92 09/25/2028 816.67 816.67 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 148,410.27 FHMS K-093 A2 2.982 05/25/2029 367.96 367.96 12/25/2025 Principal Paydown 3137FMCR1 148,410.27 FHMS K-093 A2 2.982 05/25/2029 177.48 177.48 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 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 12/31/2025 Coupon 91282CNK3 325,000.00 UNITED STATES TREASURY 3.875 06/30/2030 6,296.88 6,296.88 December 2025
Total 7,147.86 71,806.62 78,954.48
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 Item 7.4
Tuesday, November 04, 2025 57 of 249
CONFIDENTIAL | 29
City of Campbell | Account #11214 | As of September 30, 2025 Execution Time: 10/02/2025 03:34:09 PM 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 01/15/2026 Coupon 44935XAD7 80,000.00 HART 2025-B A3 4.36 12/17/2029 290.67 290.67 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 15,108.74 15,108.74 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 71,720.37 TAOT 2023-A A3 4.63 09/15/2027 198.75 198.75 01/15/2026 Principal Paydown 891940AC2 71,720.37 TAOT 2023-A A3 4.63 09/15/2027 6,326.28 6,326.28 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 025816EJ4 170,000.00 AMERICAN EXPRESS CO 4.351 07/20/2029 3,595.62 3,595.62 01/20/2026 Coupon 362962AD4 95,000.00 GMALT 2025-2 A3 4.58 05/22/2028 362.58 362.58 01/20/2026 Coupon 379965AD8 90,000.00 GMALT 2025-3 A3 4.17 08/21/2028 312.75 312.75 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 14,317.57 14,317.57 01/26/2026 Coupon 3137BSRE5 249,916.28 FHMS K-059 A2 3.12 09/25/2026 645.84 645.84 01/26/2026 Principal Paydown 3137BSRE5 249,916.28 FHMS K-059 A2 3.12 09/25/2026 10,259.41 10,259.41 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 3137FJKE8 250,000.00 FHMS K-082 A2 3.92 09/25/2028 816.67 816.67 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 148,410.27 FHMS K-093 A2 2.982 05/25/2029 367.51 367.51 01/26/2026 Principal Paydown 3137FMCR1 148,410.27 FHMS K-093 A2 2.982 05/25/2029 164.27 164.27 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 Item 7.4
Tuesday, November 04, 2025 58 of 249
CONFIDENTIAL | 30
City of Campbell | Account #11214 | As of September 30, 2025 Execution Time: 10/02/2025 03:34:09 PM 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 01/27/2026 Coupon 06368MJG0 100,000.00 BANK OF MONTREAL 5.004 01/27/2029 2,502.00 2,502.00 January 2026 Total 46,176.28 66,770.80 112,947.08
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 02/02/2026 Coupon 91282CNN7 225,000.00 UNITED STATES TREASURY 3.875 07/31/2030 4,359.38 4,359.38 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 44935XAD7 80,000.00 HART 2025-B A3 4.36 12/17/2029 290.67 290.67 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 764.22 764.22 02/16/2026 Principal Paydown 47800RAD5 200,000.00 JDOT 2024 A3 4.96 11/15/2028 12,111.47 12,111.47 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 71,720.37 TAOT 2023-A A3 4.63 09/15/2027 174.34 174.34 02/16/2026 Principal Paydown 891940AC2 71,720.37 TAOT 2023-A A3 4.63 09/15/2027 6,230.89 6,230.89 02/16/2026 Coupon 89231HAD8 65,000.00 TAOT 2025-B A3 4.34 11/15/2029 235.08 235.08 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 05/22/2028 362.58 362.58 02/20/2026 Coupon 379965AD8 90,000.00 GMALT 2025-3 A3 4.17 08/21/2028 312.75 312.75 02/24/2026 Coupon 17275RBW1 250,000.00 CISCO SYSTEMS INC 4.55 02/24/2028 5,687.50 5,687.50 Item 7.4
Tuesday, November 04, 2025 59 of 249
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City of Campbell | Account #11214 | As of September 30, 2025 Execution Time: 10/02/2025 03:34:09 PM 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 02/25/2026 Coupon 096919AD7 400,000.00 BMWOT 2024-A A3 5.18 02/26/2029 1,664.86 1,664.86 02/25/2026 Principal Paydown 096919AD7 400,000.00 BMWOT 2024-A A3 5.18 02/26/2029 22,694.94 22,694.94 02/25/2026 Coupon 3137BSRE5 249,916.28 FHMS K-059 A2 3.12 09/25/2026 619.16 619.16 02/25/2026 Principal Paydown 3137BSRE5 249,916.28 FHMS K-059 A2 3.12 09/25/2026 2,078.61 2,078.61 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 3137FJKE8 250,000.00 FHMS K-082 A2 3.92 09/25/2028 816.67 816.67 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 148,410.27 FHMS K-093 A2 2.982 05/25/2029 367.11 367.11 02/25/2026 Principal Paydown 3137FMCR1 148,410.27 FHMS K-093 A2 2.982 05/25/2029 164.74 164.74 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 43,280.65 64,272.94 107,553.58
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 03/02/2026 Coupon 91282CNX5 500,000.00 UNITED STATES TREASURY 3.625 08/31/2030 9,062.50 9,062.50 03/09/2026 Coupon 3130B7QM9 500,000.00 FEDERAL HOME LOAN BANKS 3.5 09/09/2027 8,652.78 8,652.78 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 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 44935XAD7 80,000.00 HART 2025-B A3 4.36 12/17/2029 290.67 290.67 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 714.16 714.16 03/16/2026 Principal Paydown 47800RAD5 200,000.00 JDOT 2024 A3 4.96 11/15/2028 8,454.91 8,454.91 Item 7.4
Tuesday, November 04, 2025 60 of 249
CONFIDENTIAL | 32
City of Campbell | Account #11214 | As of September 30, 2025 Execution Time: 10/02/2025 03:34:09 PM 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 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 71,720.37 TAOT 2023-A A3 4.63 09/15/2027 150.30 150.30 03/16/2026 Principal Paydown 891940AC2 71,720.37 TAOT 2023-A A3 4.63 09/15/2027 6,068.50 6,068.50 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 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 05/22/2028 362.58 362.58 03/20/2026 Coupon 379965AD8 90,000.00 GMALT 2025-3 A3 4.17 08/21/2028 312.75 312.75 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 1,566.90 1,566.90 03/25/2026 Principal Paydown 096919AD7 400,000.00 BMWOT 2024-A A3 5.18 02/26/2029 21,435.45 21,435.45 03/25/2026 Coupon 3137BSRE5 249,916.28 FHMS K-059 A2 3.12 09/25/2026 613.76 613.76 03/25/2026 Principal Paydown 3137BSRE5 249,916.28 FHMS K-059 A2 3.12 09/25/2026 18,664.35 18,664.35 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 3137FJKE8 250,000.00 FHMS K-082 A2 3.92 09/25/2028 816.67 816.67 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 148,410.27 FHMS K-093 A2 2.982 05/25/2029 366.70 366.70 03/25/2026 Principal Paydown 3137FMCR1 148,410.27 FHMS K-093 A2 2.982 05/25/2029 206.03 206.03 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 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 54,829.24 99,616.21 154,445.45
APRIL 2026
Item 7.4
Tuesday, November 04, 2025 61 of 249
CONFIDENTIAL | 33
City of Campbell | Account #11214 | As of September 30, 2025 Execution Time: 10/02/2025 03:34:09 PM 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 04/15/2026 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 44935XAD7 80,000.00 HART 2025-B A3 4.36 12/17/2029 290.67 290.67 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 679.21 679.21 04/15/2026 Principal Paydown 47800RAD5 200,000.00 JDOT 2024 A3 4.96 11/15/2028 10,475.70 10,475.70 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 71,720.37 TAOT 2023-A A3 4.63 09/15/2027 126.88 126.88 04/15/2026 Principal Paydown 891940AC2 71,720.37 TAOT 2023-A A3 4.63 09/15/2027 6,142.24 6,142.24 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 05/22/2028 362.58 362.58 04/20/2026 Coupon 379965AD8 90,000.00 GMALT 2025-3 A3 4.17 08/21/2028 312.75 312.75 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 1,474.37 1,474.37 04/27/2026 Principal Paydown 096919AD7 400,000.00 BMWOT 2024-A A3 5.18 02/26/2029 20,913.20 20,913.20 04/27/2026 Coupon 3137BSRE5 249,916.28 FHMS K-059 A2 3.12 09/25/2026 565.23 565.23 04/27/2026 Principal Paydown 3137BSRE5 249,916.28 FHMS K-059 A2 3.12 09/25/2026 428.75 428.75 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 3137FJKE8 250,000.00 FHMS K-082 A2 3.92 09/25/2028 816.67 816.67 04/27/2026 Coupon 3137FKSH0 150,000.00 FHMS K-086 A2 3.859 11/25/2028 482.38 482.38 04/27/2026 Coupon 3137FLN91 300,000.00 FHMS K-091 A2 3.505 03/25/2029 876.25 876.25 Item 7.4
Tuesday, November 04, 2025 62 of 249
CONFIDENTIAL | 34
City of Campbell | Account #11214 | As of September 30, 2025 Execution Time: 10/02/2025 03:34:09 PM 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 3137FMCR1 148,410.27 FHMS K-093 A2 2.982 05/25/2029 366.18 366.18 04/27/2026 Principal Paydown 3137FMCR1 148,410.27 FHMS K-093 A2 2.982 05/25/2029 165.82 165.82 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 04/30/2026 Coupon 91282CMZ1 500,000.00 UNITED STATES TREASURY 3.875 04/30/2030 9,687.50 9,687.50 April 2026 Total 38,125.70 88,508.75 126,634.46
MAY 2026
05/08/2026 Coupon 69371RT71 230,000.00 PACCAR FINANCIAL CORP 4.55 05/08/2030 5,232.50 5,232.50 05/15/2026 Coupon 02582JKP4 170,000.00 AMXCA 2025-2 A 4.28 04/15/2030 606.33 606.33 05/15/2026 Coupon 02589BAE0 200,000.00 AMXCA 2024-3 A 4.65 07/15/2027 775.00 775.00 05/15/2026 Coupon 14913UAU4 250,000.00 CATERPILLAR FINANCIAL SERVICES CORP 4.7 11/15/2029 5,875.00 5,875.00
05/15/2026 Coupon 34535VAD6 120,000.00 FORDO 2024-D A3 4.61 08/15/2029 461.00 461.00 05/15/2026 Coupon 44935XAD7 80,000.00 HART 2025-B A3 4.36 12/17/2029 290.67 290.67 05/15/2026 Coupon 47800DAD6 100,000.00 JDOT 2025 A3 4.23 09/17/2029 352.50 352.50 05/15/2026 Coupon 47800RAD5 200,000.00 JDOT 2024 A3 4.96 11/15/2028 635.91 635.91 05/15/2026 Principal Paydown 47800RAD5 200,000.00 JDOT 2024 A3 4.96 11/15/2028 10,100.28 10,100.28 05/15/2026 Coupon 58773DAD6 115,000.00 MBART 2025-1 A3 4.78 12/17/2029 458.08 458.08 05/15/2026 Coupon 891940AC2 71,720.37 TAOT 2023-A A3 4.63 09/15/2027 103.19 103.19 05/15/2026 Principal Paydown 891940AC2 71,720.37 TAOT 2023-A A3 4.63 09/15/2027 5,458.17 5,458.17 05/15/2026 Coupon 89231HAD8 65,000.00 TAOT 2025-B A3 4.34 11/15/2029 235.08 235.08 05/15/2026 Coupon 89239TAD4 60,000.00 TAOT 2024-D A3 4.4 06/15/2029 220.00 220.00 05/15/2026 Coupon 92970QAE5 110,000.00 WFCIT 2024-2 A 4.29 10/15/2029 393.25 393.25 05/18/2026 Coupon 362955AD8 80,000.00 GMCAR 2025-1 A3 4.62 12/17/2029 308.00 308.00 05/18/2026 Coupon 38014AAD3 60,000.00 GMCAR 2024-4 A3 4.4 08/16/2029 220.00 220.00 05/20/2026 Coupon 362962AD4 95,000.00 GMALT 2025-2 A3 4.58 05/22/2028 362.58 362.58 05/20/2026 Coupon 379965AD8 90,000.00 GMALT 2025-3 A3 4.17 08/21/2028 312.75 312.75 Item 7.4
Tuesday, November 04, 2025 63 of 249
CONFIDENTIAL | 35
City of Campbell | Account #11214 | As of September 30, 2025 Execution Time: 10/02/2025 03:34:09 PM 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 05/25/2026 Coupon 096919AD7 400,000.00 BMWOT 2024-A A3 5.18 02/26/2029 1,384.09 1,384.09 05/25/2026 Principal Paydown 096919AD7 400,000.00 BMWOT 2024-A A3 5.18 02/26/2029 20,073.43 20,073.43 05/25/2026 Coupon 3137BSRE5 249,916.28 FHMS K-059 A2 3.12 09/25/2026 564.12 564.12 05/25/2026 Principal Paydown 3137BSRE5 249,916.28 FHMS K-059 A2 3.12 09/25/2026 451.24 451.24 05/25/2026 Coupon 3137FJEH8 250,000.00 FHMS K-081 A2 3.9 08/25/2028 812.50 812.50 05/25/2026 Coupon 3137FJKE8 250,000.00 FHMS K-082 A2 3.92 09/25/2028 816.67 816.67 05/25/2026 Coupon 3137FKSH0 150,000.00 FHMS K-086 A2 3.859 11/25/2028 482.38 482.38 05/25/2026 Coupon 3137FLN91 300,000.00 FHMS K-091 A2 3.505 03/25/2029 876.25 876.25 05/25/2026 Coupon 3137FMCR1 148,410.27 FHMS K-093 A2 2.982 05/25/2029 365.77 365.77 05/25/2026 Principal Paydown 3137FMCR1 148,410.27 FHMS K-093 A2 2.982 05/25/2029 179.82 179.82 05/25/2026 Coupon 3137FNAE0 250,000.00 FHMS K-095 A2 2.785 06/25/2029 580.21 580.21 05/25/2026 Coupon 3137FPHK4 300,000.00 FHMS K-098 A2 2.425 08/25/2029 606.25 606.25 05/25/2026 Coupon 3137FRUJ8 275,000.00 FHMS K-105 A2 1.872 01/25/2030 429.00 429.00 05/26/2026 Final Maturity 62479MES8 350,000.00 MUFG Bank, Ltd., New York Branch 05/26/2026 350,000.00 350,000.00 May 2026 Total 386,262.95 23,759.08 410,022.02
JUNE 2026
06/01/2026 Coupon 91282CMA6 400,000.00 UNITED STATES TREASURY 4.125 11/30/2029 8,250.00 8,250.00 06/01/2026 Coupon 91282CNG2 350,000.00 UNITED STATES TREASURY 4.0 05/31/2030 7,000.00 7,000.00 06/11/2026 Coupon 24422EXT1 225,000.00 JOHN DEERE CAPITAL CORP 4.85 06/11/2029 5,456.25 5,456.25 06/15/2026 Coupon 02582JKP4 170,000.00 AMXCA 2025-2 A 4.28 04/15/2030 606.33 606.33 06/15/2026 Coupon 02589BAE0 200,000.00 AMXCA 2024-3 A 4.65 07/15/2027 775.00 775.00 06/15/2026 Coupon 06406RBG1 225,000.00 BANK OF NEW YORK MELLON CORP 3.992 06/13/2028 4,491.00 4,491.00
06/15/2026 Coupon 34535VAD6 120,000.00 FORDO 2024-D A3 4.61 08/15/2029 461.00 461.00 06/15/2026 Coupon 44935XAD7 80,000.00 HART 2025-B A3 4.36 12/17/2029 290.67 290.67 06/15/2026 Coupon 47800DAD6 100,000.00 JDOT 2025 A3 4.23 09/17/2029 352.50 352.50 06/15/2026 Coupon 47800RAD5 200,000.00 JDOT 2024 A3 4.96 11/15/2028 594.16 594.16 06/15/2026 Principal Paydown 47800RAD5 200,000.00 JDOT 2024 A3 4.96 11/15/2028 9,117.23 9,117.23 06/15/2026 Coupon 58773DAD6 115,000.00 MBART 2025-1 A3 4.78 12/17/2029 458.08 458.08 06/15/2026 Coupon 891940AC2 71,720.37 TAOT 2023-A A3 4.63 09/15/2027 82.13 82.13 06/15/2026 Principal Paydown 891940AC2 71,720.37 TAOT 2023-A A3 4.63 09/15/2027 5,361.94 5,361.94 06/15/2026 Coupon 89231HAD8 65,000.00 TAOT 2025-B A3 4.34 11/15/2029 235.08 235.08 Item 7.4
Tuesday, November 04, 2025 64 of 249
CONFIDENTIAL | 36
City of Campbell | Account #11214 | As of September 30, 2025 Execution Time: 10/02/2025 03:34:09 PM 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 06/15/2026 Coupon 89239TAD4 60,000.00 TAOT 2024-D A3 4.4 06/15/2029 220.00 220.00 06/15/2026 Coupon 92970QAE5 110,000.00 WFCIT 2024-2 A 4.29 10/15/2029 393.25 393.25 06/16/2026 Coupon 362955AD8 80,000.00 GMCAR 2025-1 A3 4.62 12/17/2029 308.00 308.00 06/16/2026 Coupon 38014AAD3 60,000.00 GMCAR 2024-4 A3 4.4 08/16/2029 220.00 220.00 06/22/2026 Coupon 362962AD4 95,000.00 GMALT 2025-2 A3 4.58 05/22/2028 362.58 362.58 06/22/2026 Coupon 379965AD8 90,000.00 GMALT 2025-3 A3 4.17 08/21/2028 312.75 312.75 06/25/2026 Coupon 096919AD7 400,000.00 BMWOT 2024-A A3 5.18 02/26/2029 1,297.44 1,297.44 06/25/2026 Principal Paydown 096919AD7 400,000.00 BMWOT 2024-A A3 5.18 02/26/2029 19,752.92 19,752.92 06/25/2026 Coupon 3137BSRE5 249,916.28 FHMS K-059 A2 3.12 09/25/2026 562.94 562.94 06/25/2026 Principal Paydown 3137BSRE5 249,916.28 FHMS K-059 A2 3.12 09/25/2026 430.87 430.87 06/25/2026 Coupon 3137FJEH8 250,000.00 FHMS K-081 A2 3.9 08/25/2028 812.50 812.50 06/25/2026 Coupon 3137FJKE8 250,000.00 FHMS K-082 A2 3.92 09/25/2028 816.67 816.67 06/25/2026 Coupon 3137FKSH0 150,000.00 FHMS K-086 A2 3.859 11/25/2028 482.38 482.38 06/25/2026 Coupon 3137FLN91 300,000.00 FHMS K-091 A2 3.505 03/25/2029 876.25 876.25 06/25/2026 Coupon 3137FMCR1 148,410.27 FHMS K-093 A2 2.982 05/25/2029 365.33 365.33 06/25/2026 Principal Paydown 3137FMCR1 148,410.27 FHMS K-093 A2 2.982 05/25/2029 166.80 166.80 06/25/2026 Coupon 3137FNAE0 250,000.00 FHMS K-095 A2 2.785 06/25/2029 580.21 580.21 06/25/2026 Coupon 3137FPHK4 300,000.00 FHMS K-098 A2 2.425 08/25/2029 606.25 606.25 06/25/2026 Coupon 3137FRUJ8 275,000.00 FHMS K-105 A2 1.872 01/25/2030 429.00 429.00 06/25/2026 Coupon 437076DB5 225,000.00 HOME DEPOT INC 4.875 06/25/2027 5,484.38 5,484.38 06/30/2026 Coupon 91282CEV9 350,000.00 UNITED STATES TREASURY 3.25 06/30/2029 5,687.50 5,687.50 06/30/2026 Coupon 91282CHK0 350,000.00 UNITED STATES TREASURY 4.0 06/30/2028 7,000.00 7,000.00 06/30/2026 Coupon 91282CMD0 400,000.00 UNITED STATES TREASURY 4.375 12/31/2029 8,750.00 8,750.00 06/30/2026 Coupon 91282CNK3 325,000.00 UNITED STATES TREASURY 3.875 06/30/2030 6,296.88 6,296.88 June 2026 Total 34,829.76 70,916.50 105,746.26
JULY 2026
07/09/2026 Coupon 02665WFK2 200,000.00 AMERICAN HONDA FINANCE CORP 4.9 07/09/2027 4,900.00 4,900.00
07/09/2026 Coupon 89236TNA9 170,000.00 TOYOTA MOTOR CREDIT CORP 4.95 01/09/2030 4,207.50 4,207.50 07/13/2026 Coupon 3133ENZY9 1,000,000.00 FEDERAL FARM CREDIT BANKS FUNDING CORP
3.96 07/12/2027 19,800.00 19,800.00
07/15/2026 Coupon 02582JKP4 170,000.00 AMXCA 2025-2 A 4.28 04/15/2030 606.33 606.33 Item 7.4
Tuesday, November 04, 2025 65 of 249
CONFIDENTIAL | 37
City of Campbell | Account #11214 | As of September 30, 2025 Execution Time: 10/02/2025 03:34:09 PM 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 07/15/2026 Coupon 02589BAE0 200,000.00 AMXCA 2024-3 A 4.65 07/15/2027 775.00 775.00 07/15/2026 Coupon 34535VAD6 120,000.00 FORDO 2024-D A3 4.61 08/15/2029 461.00 461.00 07/15/2026 Coupon 44935XAD7 80,000.00 HART 2025-B A3 4.36 12/17/2029 290.67 290.67 07/15/2026 Coupon 47800DAD6 100,000.00 JDOT 2025 A3 4.23 09/17/2029 352.50 352.50 07/15/2026 Coupon 47800RAD5 200,000.00 JDOT 2024 A3 4.96 11/15/2028 556.48 556.48 07/15/2026 Principal Paydown 47800RAD5 200,000.00 JDOT 2024 A3 4.96 11/15/2028 9,329.01 9,329.01 07/15/2026 Coupon 58773DAD6 115,000.00 MBART 2025-1 A3 4.78 12/17/2029 458.08 458.08 07/15/2026 Coupon 891940AC2 71,720.37 TAOT 2023-A A3 4.63 09/15/2027 61.44 61.44 07/15/2026 Principal Paydown 891940AC2 71,720.37 TAOT 2023-A A3 4.63 09/15/2027 5,256.00 5,256.00 07/15/2026 Coupon 89231HAD8 65,000.00 TAOT 2025-B A3 4.34 11/15/2029 235.08 235.08 07/15/2026 Coupon 89239TAD4 60,000.00 TAOT 2024-D A3 4.4 06/15/2029 220.00 220.00 07/15/2026 Principal Paydown 89239TAD4 60,000.00 TAOT 2024-D A3 4.4 06/15/2029 2,862.94 2,862.94 07/15/2026 Coupon 91282CKZ3 375,000.00 UNITED STATES TREASURY 4.375 07/15/2027 8,203.13 8,203.13 07/15/2026 Coupon 92970QAE5 110,000.00 WFCIT 2024-2 A 4.29 10/15/2029 393.25 393.25 07/16/2026 Coupon 362955AD8 80,000.00 GMCAR 2025-1 A3 4.62 12/17/2029 308.00 308.00 07/16/2026 Coupon 38014AAD3 60,000.00 GMCAR 2024-4 A3 4.4 08/16/2029 220.00 220.00 07/16/2026 Principal Paydown 38014AAD3 60,000.00 GMCAR 2024-4 A3 4.4 08/16/2029 2,577.00 2,577.00 07/20/2026 Coupon 025816EJ4 170,000.00 AMERICAN EXPRESS CO 4.351 07/20/2029 3,698.35 3,698.35 07/20/2026 Coupon 362962AD4 95,000.00 GMALT 2025-2 A3 4.58 05/22/2028 362.58 362.58 07/20/2026 Coupon 379965AD8 90,000.00 GMALT 2025-3 A3 4.17 08/21/2028 312.75 312.75 07/24/2026 Coupon 06051GMK2 150,000.00 BANK OF AMERICA CORP 4.979 01/24/2029 3,734.25 3,734.25 07/24/2026 Coupon 46647PEU6 115,000.00 JPMORGAN CHASE & CO 4.915 01/24/2029 2,826.13 2,826.13 07/27/2026 Coupon 06368MJG0 100,000.00 BANK OF MONTREAL 5.004 01/27/2029 2,502.00 2,502.00 07/27/2026 Coupon 096919AD7 400,000.00 BMWOT 2024-A A3 5.18 02/26/2029 1,212.17 1,212.17 07/27/2026 Principal Paydown 096919AD7 400,000.00 BMWOT 2024-A A3 5.18 02/26/2029 19,382.36 19,382.36 07/27/2026 Coupon 3137BSRE5 249,916.28 FHMS K-059 A2 3.12 09/25/2026 561.82 561.82 07/27/2026 Principal Paydown 3137BSRE5 249,916.28 FHMS K-059 A2 3.12 09/25/2026 1,443.21 1,443.21 07/27/2026 Coupon 3137FJEH8 250,000.00 FHMS K-081 A2 3.9 08/25/2028 812.50 812.50 07/27/2026 Coupon 3137FJKE8 250,000.00 FHMS K-082 A2 3.92 09/25/2028 816.67 816.67 07/27/2026 Coupon 3137FKSH0 150,000.00 FHMS K-086 A2 3.859 11/25/2028 482.38 482.38 07/27/2026 Coupon 3137FLN91 300,000.00 FHMS K-091 A2 3.505 03/25/2029 876.25 876.25 07/27/2026 Coupon 3137FMCR1 148,410.27 FHMS K-093 A2 2.982 05/25/2029 364.91 364.91 Item 7.4
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City of Campbell | Account #11214 | As of September 30, 2025 Execution Time: 10/02/2025 03:34:09 PM 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 07/27/2026 Principal Paydown 3137FMCR1 148,410.27 FHMS K-093 A2 2.982 05/25/2029 180.73 180.73 07/27/2026 Coupon 3137FNAE0 250,000.00 FHMS K-095 A2 2.785 06/25/2029 580.21 580.21 07/27/2026 Coupon 3137FPHK4 300,000.00 FHMS K-098 A2 2.425 08/25/2029 606.25 606.25 07/27/2026 Coupon 3137FRUJ8 275,000.00 FHMS K-105 A2 1.872 01/25/2030 429.00 429.00 07/27/2026 Coupon 46647PDG8 150,000.00 JPMORGAN CHASE & CO 4.851 07/25/2028 3,638.25 3,638.25 07/31/2026 Coupon 89115A3E0 225,000.00 TORONTO-DOMINION BANK 4.861 01/31/2028 5,468.63 5,468.63 07/31/2026 Coupon 91282CLC3 350,000.00 UNITED STATES TREASURY 4.0 07/31/2029 7,000.00 7,000.00 07/31/2026 Coupon 91282CNN7 225,000.00 UNITED STATES TREASURY 3.875 07/31/2030 4,359.38 4,359.38 July 2026 Total 41,031.26 82,692.92 123,724.18
AUGUST 2026
08/03/2026 Coupon 13063EGT7 205,000.00 CALIFORNIA STATE 4.5 08/01/2029 4,612.50 4,612.50 08/03/2026 Coupon 91159HJK7 200,000.00 US BANCORP 4.653 02/01/2029 4,653.00 4,653.00 08/07/2026 Coupon 63743HFX5 250,000.00 NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORP 4.95 02/07/2030 6,187.50 6,187.50
08/10/2026 Coupon 89236TMK8 225,000.00 TOYOTA MOTOR CREDIT CORP 4.55 08/09/2029 5,118.75 5,118.75 08/14/2026 Coupon 532457CQ9 235,000.00 ELI LILLY AND CO 4.2 08/14/2029 4,935.00 4,935.00 08/17/2026 Coupon 02582JKP4 170,000.00 AMXCA 2025-2 A 4.28 04/15/2030 606.33 606.33 08/17/2026 Coupon 02589BAE0 200,000.00 AMXCA 2024-3 A 4.65 07/15/2027 775.00 775.00 08/17/2026 Coupon 26442CAY0 250,000.00 DUKE ENERGY CAROLINAS LLC 2.45 08/15/2029 3,062.50 3,062.50
08/17/2026 Coupon 34535VAD6 120,000.00 FORDO 2024-D A3 4.61 08/15/2029 461.00 461.00 08/17/2026 Coupon 362955AD8 80,000.00 GMCAR 2025-1 A3 4.62 12/17/2029 308.00 308.00 08/17/2026 Coupon 38014AAD3 60,000.00 GMCAR 2024-4 A3 4.4 08/16/2029 210.55 210.55 08/17/2026 Principal Paydown 38014AAD3 60,000.00 GMCAR 2024-4 A3 4.4 08/16/2029 3,115.83 3,115.83 08/17/2026 Coupon 44935XAD7 80,000.00 HART 2025-B A3 4.36 12/17/2029 290.67 290.67 08/17/2026 Coupon 47800DAD6 100,000.00 JDOT 2025 A3 4.23 09/17/2029 352.50 352.50 08/17/2026 Coupon 47800RAD5 200,000.00 JDOT 2024 A3 4.96 11/15/2028 517.92 517.92 08/17/2026 Principal Paydown 47800RAD5 200,000.00 JDOT 2024 A3 4.96 11/15/2028 9,600.20 9,600.20 08/17/2026 Coupon 58773DAD6 115,000.00 MBART 2025-1 A3 4.78 12/17/2029 458.08 458.08 08/17/2026 Coupon 891940AC2 71,720.37 TAOT 2023-A A3 4.63 09/15/2027 41.16 41.16 08/17/2026 Principal Paydown 891940AC2 71,720.37 TAOT 2023-A A3 4.63 09/15/2027 4,423.44 4,423.44 08/17/2026 Coupon 89231HAD8 65,000.00 TAOT 2025-B A3 4.34 11/15/2029 235.08 235.08 Item 7.4
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CONFIDENTIAL | 39
City of Campbell | Account #11214 | As of September 30, 2025 Execution Time: 10/02/2025 03:34:09 PM 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 08/17/2026 Coupon 89239TAD4 60,000.00 TAOT 2024-D A3 4.4 06/15/2029 209.50 209.50 08/17/2026 Principal Paydown 89239TAD4 60,000.00 TAOT 2024-D A3 4.4 06/15/2029 3,304.18 3,304.18 08/17/2026 Coupon 92970QAE5 110,000.00 WFCIT 2024-2 A 4.29 10/15/2029 393.25 393.25 08/20/2026 Coupon 362962AD4 95,000.00 GMALT 2025-2 A3 4.58 05/22/2028 362.58 362.58 08/20/2026 Coupon 379965AD8 90,000.00 GMALT 2025-3 A3 4.17 08/21/2028 312.75 312.75 08/24/2026 Coupon 17275RBW1 250,000.00 CISCO SYSTEMS INC 4.55 02/24/2028 5,687.50 5,687.50 08/25/2026 Coupon 096919AD7 400,000.00 BMWOT 2024-A A3 5.18 02/26/2029 1,128.51 1,128.51 08/25/2026 Principal Paydown 096919AD7 400,000.00 BMWOT 2024-A A3 5.18 02/26/2029 18,850.26 18,850.26 08/25/2026 Coupon 3137BSRE5 249,916.28 FHMS K-059 A2 3.12 09/25/2026 558.07 558.07 08/25/2026 Principal Paydown 3137BSRE5 249,916.28 FHMS K-059 A2 3.12 09/25/2026 40,744.39 40,744.39 08/25/2026 Coupon 3137FJEH8 250,000.00 FHMS K-081 A2 3.9 08/25/2028 812.50 812.50 08/25/2026 Coupon 3137FJKE8 250,000.00 FHMS K-082 A2 3.92 09/25/2028 816.67 816.67 08/25/2026 Coupon 3137FKSH0 150,000.00 FHMS K-086 A2 3.859 11/25/2028 482.38 482.38 08/25/2026 Coupon 3137FLN91 300,000.00 FHMS K-091 A2 3.505 03/25/2029 876.25 876.25 08/25/2026 Coupon 3137FMCR1 148,410.27 FHMS K-093 A2 2.982 05/25/2029 364.46 364.46 08/25/2026 Principal Paydown 3137FMCR1 148,410.27 FHMS K-093 A2 2.982 05/25/2029 167.79 167.79 08/25/2026 Coupon 3137FNAE0 250,000.00 FHMS K-095 A2 2.785 06/25/2029 580.21 580.21 08/25/2026 Coupon 3137FPHK4 300,000.00 FHMS K-098 A2 2.425 08/25/2029 606.25 606.25 08/25/2026 Coupon 3137FRUJ8 275,000.00 FHMS K-105 A2 1.872 01/25/2030 429.00 429.00 August 2026 Total 80,206.09 46,445.42 126,651.51
Grand Total 84,584,122.33 750,375.95 728,460.76 1,478,836.71 Item 7.4
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CONFIDENTIAL | 40
City of Campbell | Account #11214 | As of September 30, 2025 Execution Time: 10/02/2025 03:34:09 PM 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.
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CONFIDENTIAL | 41
City of Campbell | Account #11214 | As of September 30, 2025 Execution Time: 10/02/2025 03:34:09 PM 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.
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City Council Report
DATE: November 4, 2025
TITLE: Investment Report - Quarter Ending September 2025 RECOMMENDED ACTION:
That the City Council approve the Investment Report for the quarter ending September 2025 and the report be noted and filed
DISCUSSION
The City invests in fixed income securities of varying maturities providing sufficient liquidity to meet the City’s operational needs as well as safety and return objectives as specified in the City’s FY 2025-26 Investment Strategy discussed with the City Council on September 16, 2025.
During the quarter ending September 30, 2025, the City’s pooled investment portfolio declined by $17.3 million, reaching a balance of $54.0 million, as shown in Table 1. This decrease was primarily due to significant withdrawals from the City’s LAIF regular and Measure O Bond accounts, driven by major expenditures including the prepaid Unfunded Accrued Pension Liability (UAL), the City’s annual PLAN JPA insurance premium, debt service payments on our Lease Revenue, Tax Allocation, and Measure O bonds, as well as ongoing Measure O project costs and elevated accounts payable activity typical for this period.
The City earned $651,000 in interest during the quarter from its LAIF, CAMP, and BNY/Chandler investment accounts. Although Table 1a indicates that the BNY/Chandler portfolio is currently yielding slightly below the returns of LAIF and CAMP, the City is strategically locking in long-term rates through new BNY/Chandler purchases, anticipating continued declines in short-term rates from LAIF and CAMP.
Table 1
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The City pools all cash for investment purposes, but accounts, reports, and tracks investment income, other revenue, and expenditures separately for each fund to properly meet the purpose and restrictions of each funding source. This is common and appropriate practice used in public agencies to gain the benefit of economies of scale when investing.
The following are the yields for all 3 accounts.
Table 1a
All investments are also made in accordance with the City's FY 2025-26 Investment Policy (Approved by Resolution No. 13334 on September 16, 2025) or as authorized pursuant to bond covenants. Presented within this report are the following. Staff and Chandler can assist with questions as needed on the new reporting statement. As Chandler is fully integrated and onboard, reports may also be refined over time to ensure maximum benefit and transparency:
Summary of investments by type- Qtr. ending September 2025 (Table 2) List of investments by institution- Qtr. ending September 2025 (Table 3) Reconciliation of pooled cash- Qtr. ending September 2025 (Table 4) Summary of Total Cash Invested- Qtr. ending September 2025 (Table 5) BNY Qtrly statement (Chandler)- Qtr. ending September 2025 (Attachment A) Cash flow projections for October 2025 through March 2026 (Attachment B) Actual Receipts & Disbursements -Qtr. ending September 2025 (Attachment C) Table 2
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Cash Flow
The cash flow projection indicates that the City of Campbell will have sufficient funds to meet anticipated expenditures from October 2025 through March 2026 (see Attachment B). As of September 30, 2025, the City held $33.3 million in liquidity, comprised of $31.5 million in highly liquid LAIF and CAMP funds and $1.7 million in cash on deposit. Of this total, $13.3 million was restricted to the Measure K sales tax escrow CAMP and Measure O bond accounts.
Over the next six months, staff projects a net operational cash outflow of $1.2 million, resulting in a slight decrease in managed liquidity to $32.1 million by the end of March 2026. Of that amount, $6.7 million will remain restricted—$5.7 million in the Measure K escrow account and $1.0 million in the Measure O project account. The primary drivers of this decrease include continued spending on Measure O initiatives and other operational commitments impacting cash and money market balances offset by large property tax receipts, consistent during the next six-month period.
Table 3
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* The City intends to hold treasury/agency securities to maturity or until they are called, as a result this is a paper gain and/or loss that will not be realized. In a decreasing interest rate environment, as we are experiencing, unrealized gains are expected. ** Cash with fiscal agent held for debt service payments. *** Staff prioritizes safety, liquidity, and maximizing return in that order.
Table 4
Table 5
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FISCAL IMPACT
There are no fiscal impacts for accepting this informational report.
PREPARED BY: John Formale, Accountant
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Report Approval Details
Document Title: Report- Investment Report- Quarter Ending September 2025.docx
Attachments: Chandler Quarterly Report- 9.30.25.pdf
Cashflow projections.pdf
Actual Results.pdf
Final Approval
Date:
October 27, 2025
This document and all of its attachments were approved and signed as outlined below:
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INVESTMENT REPORT
City of Campbell | As of September 30, 2025
CHANDLER ASSET MANAGEMENT | chandlerasset.com
Chandler Team:
For questions about your account, please call (800) 317-4747, or contact [email protected]
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.
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TABLE OF CONTENTS
ECONOMIC UPDATE
ACCOUNT PROFILE
PORTFOLIO HOLDINGS
TRANSACTIONS
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ECONOMIC UPDATE
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▪
▪
▪
Recent economic data suggest slower growth in 2025 and greater market uncertainty as the effects of fiscal policy unfold. Inflation pressures have eased, though core levels remain above the Federal Reserve’s target, while tariffs continue to cloud forecasts. Signs of a softer labor market are emerging, prompting expectations that the Fed will move cautiously toward policy normalization. Given the economic outlook, we expect gradual normalization of monetary policy and a steeper yield curve.
The Federal Reserve lowered the Federal Funds Rate a quarter percentage point to the range of 4.00 – 4.25% upon conclusion of the September Federal Open Market Committee meeting. The move was telegraphed by the Fed and in line with market expectations. Stephen Miran was the only opposing vote in the 11-1 decision as Governor Miran called for a larger 50 basis point rate cut. Chair Powell said concerns over signs of a softening labor market prompted the policy shift. Policymakers also updated their economic forecasts penciling in two additional quarter-point cuts through year-end.
ECONOMIC UPDATE
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-400
-200
0 200
400
600
800
1,000
MOM Change In Thousands (000's)
Nonfarm Payroll (000's)
Non-farm Payroll (000's)
3-month average (000's)
0.0%
5.0%
10.0%
15.0%
20.0%
25.0%
Unemployment Rate
Underemployment Rate (U6)
Unemployment Rate (U3)
Rate (%)
The U.S. economy added just 22,000 jobs in August, falling short of consensus expectations and punctuating the softening trend in the labor market. The three-month moving average and six-month moving average payrolls totaled 29,000 and 64,000 respectively. The unemployment rate rose to 4.3% in August from 4.2% in July. The labor participation rate inched up to 62.3%, remaining below the prepandemic level of 63.3%. The U-6 underemployment rate, which includes those who are marginally attached to the labor force and employed part time for economic reasons jumped to 8.1% in August from 7.9% in July. Average hourly earnings fell to 3.7% year-over-year from 3.9% last month.
Source: US Department of Labor Source: US Department of Labor
EMPLOYMENT
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0 2,000
4,000
6,000
8,000
10,000
12,000
14,000
Job Openings
Recession
Historical Average In Thousands (000's) The Labor Department’s Job Openings and Labor Turnover Survey (JOLTS) showed a modest increase to 7.227 million new job openings in August from 7.2 million in July. The quits rate and layoffs remained relatively stable. Job openings indicate a ratio of approximately 1 job for each unemployed individual, representing a relatively balanced labor market.
Source: US Department of Labor
JOB OPENINGS & LABOR TURNOVER SURVEY
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0.0%
1.0%
2.0%
3.0%
4.0%
5.0%
6.0%
7.0%
8.0%
9.0%
10.0%
Consumer Price Index (CPI)
CPI YOY % Change
Core CPI YOY % Change
YOY (%) Change
0.0%
1.0%
2.0%
3.0%
4.0%
5.0%
6.0%
7.0%
8.0%
9.0%
10.0%
Personal Consumption Expenditures (PCE)
PCE Price Deflator YOY % Change
PCE Core Deflator YOY % Change
Fed Target
YOY (%) Change
In August, the Consumer Price Index (CPI) increased more than expected at 0.4% month-over-month and 2.9% year-over-year, while the Core CPI rose 0.3% month-over-month and 3.1% year-over-year, in line with expectations. The Personal Consumption Expenditures (PCE) price index rose 0.3% month-over-month and 2.7% year-over-year in August. The Core PCE deflator, which excludes food and energy and is the Fed’s preferred gauge, was up 0.2% from July leaving it unchanged at 2.9% on an annual basis in August.
Source: US Department of Labor Source: US Department of Commerce
INFLATION
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0.0%
10.0%
20.0%
30.0%
40.0%
50.0%
60.0%
Retail Sales YOY % Change
YOY (%) Change
Advance Retail Sales showed continued strength jumping 0.6% in August as July data was also revised up to 0.6% month-over-month. The increase elevated retail sales to 5.0% on an annual basis after jumping 4.1% year-over-year in July. Back-to-school shopping was a likely catalyst as online shopping, clothing, and sporting goods saw some of the largest increases. Control group sales, which feed into GDP, also jumped 0.74% in August from the prior month. The Conference Board’s Consumer Confidence Index fell to 94.2 in September from a revised 97.8 in August, marking the lowest level since April 2025. Measures of current conditions and future expectations fell, signaling weaker sentiment toward employment and income. Consumers have remained resilient, but rising debt burdens, higher delinquency rates, lingering inflation worries, and emerging signs of labor market cooling could weigh on future spending. 0 20
40 60
80 100
120
140
160
Index Level
Consumer Confidence
Recession
Source: US Department of Commerce Source: The Conference Board All time high is 144.70 (1/31/00); All time low is 25.30 (2/28/09)
CONSUMER
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-25.0%
-20.0%
-15.0%
-10.0%
-5.0%
0.0%
5.0%
10.0%
15.0%
Leading Economic Indicators (LEI)
Recession
YOY (%) Change
-1.00
-0.75
-0.50
-0.25
0.00 0.25
0.50 0.75
1.00 Chicago Fed National Activity Index (CFNAI)
Recession
3 Month Average
The Conference Board’s Leading Economic Index (LEI) fell by 0.5% in August, following a 0.1% increase in July. The LEI decreased by 3.6% year-over-year. The Conference Board is expecting economic growth to slow in the second half of 2025 due to consumer pessimism, soft manufacturing new orders, and negative impacts from tariffs. The Chicago Fed National Activity Index (CFNAI) came in at -0.12% in August after a downwardly revised -0.28 in July, indicating that economic momentum remained below its historical trend for the fifth consecutive month. The three-month moving average shows a similar trend at -0.18 in August from -0.20 in the prior month signaling ongoing below-trend growth in national economic activity.
Source: The Conference Board Source: Federal Reserve Bank of Chicago
LEADING INDICATORS OF ECONOMIC ACTIVITY
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0 200
400
600
800
1,000
1,200
1,400
1,600
1,800
2,000
2,200
2,400
In Thousands of Units
Annualized Housing Starts
Multi Family Housing Starts
Single Family Housing Starts
Housing starts dropped 8.5% in August to 1.307 million units, marking a pullback amid elevated inventory levels and a softening labor market. Single-family starts fell 7.0% in August to 890,000 units, hitting their lowest level since July 2024. The S&P Cotality Case Shiller 20- City Home Price Index recorded a 0.07% month-over-month decline in July, marking the fifth consecutive month of losses, while still posting a modest year-over-year gain of 1.8%. Persistently high asking prices and elevated mortgage rates have continued to challenge affordability, contributing to the recent cooling across the housing market. However, the Freddie Mac 30-year fixed mortgage rate continued recent declines to 6.3% as of September.
Source: US Department of Commerce Source: S&P
-20.0%
-16.0%
-12.0%
-8.0%
-4.0%
0.0%
4.0%
8.0%
12.0%
16.0%
20.0%
24.0%
S&P/Case-Shiller 20 City Composite Home Price Index
Recession
YOY (%) Change
HOUSING
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40 45
50 55
60 65
70 Institute of Supply Management (ISM) Surveys
ISM Manufacturing ISM Services
EXPANDING
CONTRACTING
Manufacturing activity contracted at a slightly slower rate as the Institute for Supply Management (ISM) Manufacturing Index edged up to
49.1 in September, from 48.7 in August yet remaining below the expansion threshold, signaling the seventh consecutive month of contraction in the manufacturing sector. Production growth factored into the gain, although drops in new orders and inventories offset the increase. The ISM Services Index fell to 50.0 in September from 52.0 in August, which is the breakeven point between expansion and contraction. The 2.0-point decline generally indicated moderate to weak growth, with only isolated reports of supplier delivery delays.
Employment remained in contraction territory, reflecting delayed hiring plans and ongoing challenges in finding qualified workers.
Source: Institute for Supply Management
SURVEY BASED MEASURES
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Components of GDP 9/24 12/24 3/25 6/25
2.7% 2.6% 0.4% 1.7%
0.2% -1.3% 3.8% -2.7%
-0.4% -0.1% -4.7% 4.8%
0.5% 0.3% -0.4% -0.4%
0.4% 0.3% 0.2% 0.3%
3.4% 1.9% -0.6% 3.8%
Personal Consumption Expenditures
Gross Private Domestic Investment
Net Exports and Imports
Federal Government Expenditures
Total
State and Local (Consumption and Gross
Investment) -40.0%
-30.0%
-20.0%
-10.0%
0.0%
10.0%
20.0%
30.0%
40.0%
Gross Domestic Product (GDP)
GDP QOQ % Change
GDP YOY % Change
Source: US Department of Commerce Source: US Department of Commerce In a sharp rebound from the first quarter, real GDP increased at an annualized rate of 3.8% in the second quarter of 2025 according to the final data revision from the Bureau of Economic Analysis. The increase in real GDP in the second quarter was driven by the drop in imports following the significant rise in the first quarter in anticipation of higher tariffs and an increase in consumer spending. The consensus projection calls for 1.7% growth for the third quarter and 1.8% for the full year 2025.
GROSS DOMESTIC PRODUCT (GDP)
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Source: Federal Reserve Source: Bloomberg
0 1,000,000
2,000,000
3,000,000
4,000,000
5,000,000
6,000,000
7,000,000
8,000,000
9,000,000
10,000,000
Federal Reserve Balance Sheet Assets
Recession
In $ millions
The Federal Reserve lowered its benchmark interest rate by a quarter point to a range of 4.00% to 4.25% at its September meeting, as officials responded to mounting signs of labor market weakness. Chair Jerome Powell said the move was aimed at cushioning the slowdown while keeping policy restrictive enough to fight lingering inflation. The Fed kept its balance-sheet runoff unchanged, maintaining a $5 billion monthly cap on Treasuries and $35 billion on agency and mortgage-backed securities. Since launching its Quantitative Tightening campaign in June 2022, the Fed has reduced its securities holdings by about $2.35 trillion, bringing the total down to roughly $6.6 trillion.
FEDERAL RESERVE
0.00%
1.00%
2.00%
3.00%
4.00%
5.00%
6.00%
Effective Federal Funds Rate
Recession
Yield (%)
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Source: Bloomberg Source: Bloomberg
0.0%
1.0%
2.0%
3.0%
4.0%
5.0%
6.0%
US Treasury Note Yields
2-Year
5-Year
10-Year
Yield (%)
0.0%
1.0%
2.0%
3.0%
4.0%
5.0%
6.0%
US Treasury Yield Curve
Sep-25
Jun-25
Sep-24
Yield (%)
At the end of September, the 2-year Treasury yield was 5 basis points lower, and the 10-Year Treasury yield was 40 basis points higher, year-over-year. The spread between the 2-year and 10-year Treasury yield points on the curve decreased to +54 basis points at September month-end versus +61 basis points at August month-end. The prior 2-year/10-year yield curve inversion, which spanned from July 2022 to August 2024, was historically long. The average historical spread (since 2005) is about +99 basis points. The spread between the 3-month and 10-year Treasury yield points on the curve was +21 basis points in September versus +8 basis points in August.
BOND YIELDS
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ACCOUNT PROFILE
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OBJECTIVES
Investment Objectives
Safety of principal is the foremost objective of the investment program. The investment portfolio shall remain sufficiently liquid to meet all requirements that may be reasonably anticipated. The investment portfolio shall be designed with the objective of attaining a market rate of return throughout budgetary and economic cycles, taking into account the investment risk constraints and liquidity needs.
Chandler Asset Management Performance Objective
The performance objective for the portfolio is to earn a total rate of return through a market cycle that is equal to or above the return on the benchmark index.
Strategy
In order to achieve this objective, the portfolio invests in high-quality fixed income securities that comply with the investment policy and all regulations governing the funds. 15 Item 7.5
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PORTFOLIO CHARACTERISTICS
City of Campbell | Account #11214 | As of September 30, 2025 Benchmark* 9/30/2025
Portfolio
6/30/2025
Portfolio
Average Maturity (yrs) 2.65 3.22 3.09
Average Modified Duration 2.48 2.71 2.58
Average Purchase Yield 4.21% 4.06%
Average Market Yield 3.66% 3.87% 4.04%
Average Quality** AA+ AA+ AA+
Total Market Value 21,122,551 20,854,973
*Benchmark: ICE BofA 1-5 Year Unsubordinated US Treasury & Agency Index **The credit quality is a weighted average calculation of the highest of S&P, Moody’s and Fitch. 16 Item 7.5
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SECTOR DISTRIBUTION
City of Campbell | Account #11214 | As of September 30, 2025 Sector as a Percentage of Market Value
Sector 09/30/2025 06/30/2025
US Treasury 41.21% 35.91%
Corporate 25.57% 24.98%
Agency CMBS 10.08% 10.16%
ABS 9.72% 9.50%
Agency 7.15% 15.66%
Supras 2.28% 2.31%
Comm Paper 1.63% --
Money Mkt Fd 1.35% 0.48%
Muni Bonds 1.00% 1.01%
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ISSUERS
City of Campbell | Account #11214 | As of September 30, 2025 Issuer Investment Type % Portfolio
United States US Treasury 41.21%
FHLMC Agency CMBS 10.08%
Farm Credit System Agency 4.77%
Federal Home Loan Banks Agency 2.38%
International Bank for Recon and Dev Supras 2.28%
BMW Vehicle Owner Trust ABS 1.93%
Toyota Motor Corporation Corporate 1.93%
American Express Credit Master Trust ABS 1.79%
Mitsubishi UFJ Financial Group, Inc. Comm Paper 1.63%
Bank of America Corporation Corporate 1.46%
John Deere Owner Trust ABS 1.44%
Money Market Fund Money Mkt Fd 1.35%
JPMorgan Chase & Co. Corporate 1.28%
National Rural Utilities Cooperative Corporate 1.23%
Caterpillar Inc. Corporate 1.22%
Marsh & McLennan Companies, Inc. Corporate 1.21%
Cisco Systems, Inc. Corporate 1.21%
State Street Corporation Corporate 1.20%
Royal Bank of Canada Corporate 1.20%
UnitedHealth Group Incorporated Corporate 1.15%
Eli Lilly and Company Corporate 1.13%
Duke Energy Corporation Corporate 1.12%
PACCAR Inc Corporate 1.12%
Deere & Company Corporate 1.10%
The Toronto-Dominion Bank Corporate 1.09%
The Home Depot, Inc. Corporate 1.09%
BNY Mellon Corp Corporate 1.07%
State of California Muni Bonds 1.00%
Honda Motor Co., Ltd. Corporate 0.97%
U.S. Bancorp Corporate 0.96%
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ISSUERS
City of Campbell | Account #11214 | As of September 30, 2025 Issuer Investment Type % Portfolio
Toyota Auto Receivables Owner Trust ABS 0.94%
Walmart Inc. Corporate 0.90%
GM Financial Automobile Leasing Trus ABS 0.89%
American Express Company Corporate 0.82%
GM Financial Securitized Term ABS 0.67%
Abbvie Inc. Corporate 0.61%
Ford Credit Auto Owner Trust ABS 0.58%
Mercedes-Benz Auto Receivables Trust ABS 0.56%
WF Card Issuance Trust ABS 0.53%
Bank of Montreal Corporate 0.49%
Hyundai Auto Receivables Trust ABS 0.39%
Cash Cash 0.01%
TOTAL 100.00%
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QUALITY DISTRIBUTION
Rating 09/30/2025 06/30/2025
AAA 12.94% 11.84%
A-1 1.61% --
AA 58.96% 62.22%
A 22.31% 21.70%
NA 4.18% 4.23%
Rating 09/30/2025 06/30/2025
Aaa 10.32% 9.54%
Aa 64.16% 67.44%
A 20.21% 19.62%
P-1 1.61% --
NA 3.69% 3.41%
Rating 09/30/2025 06/30/2025
AAA 14.57% 14.36%
AA 60.26% 63.53%
A 10.75% 10.02%
NA 14.42% 12.08%
City of Campbell | Account #11214 | As of September 30, 2025 S&P Rating Moody’s Rating Fitch Rating
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DURATION DISTRIBUTION
City of Campbell | Account #11214 | As of September 30, 2025 Date 0-.25 .25-.5 .5-1 1-2 2-3 3-4 4-5 5-7 7+
09/30/2025 1.3% 0.3% 7.7% 24.7% 16.9% 35.5% 13.5% 0.0% 0.0% 06/30/2025 6.5% 0.5% 6.5% 24.2% 17.9% 34.3% 10.2% 0.0% 0.0% 21 Item 7.5
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3 Months 12 Months 2 Years 3 Years 5 Years 10 Years Since Inception TOTAL RATE OF RETURN*
City of Campbell 1.28% 3.36%
Benchmark 1.14% 3.05%
*Periods over 1 year are annualized.
Total rate of return: A measure of a portfolio’s performance over time. It is the internal rate of return, which equates the beginning value of the portfolio with the ending market value; it includes interest earnings, realized and unrealized gains and losses in the portfolio. Realized rate of return: A measure of a portfolio’s return over time. It is the internal rate which equates the beginning book value of the portfolio with the ending book value; it includes interest earnings, realized gains and losses in the portfolio.
Benchmark: ICE BofA 1-5 Year Unsubordinated US Treasury & Agency Index
INVESTMENT PERFORMANCE
City of Campbell | Account #11214 | As of September 30, 2025 Total Rate of Return : Inception | 03/01/2025
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PORTFOLIO HOLDINGS
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HOLDINGS REPORT
City of Campbell | Account #11214 | As of September 30, 2025 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 71,720.37 11/14/2024
4.63%
71,748.38
71,735.56
100.21
4.16%
71,871.39
147.58
0.34%
135.83
NA/AAA
AAA
1.96 0.41
362962AD4 GMALT 2025-2 A3 4.58
05/22/2028 95,000.00 05/20/20254.84%
94,998.42
94,998.60
100.92
3.97%
95,876.65
132.95
0.46%
878.05
NA/AAA
AAA
2.64 1.40
379965AD8 GMALT 2025-3 A3 4.17
08/21/2028 90,000.00 08/05/20254.18%
89,986.32
89,986.93
100.37
3.98%
90,337.40
114.68
0.43%
350.47
NA/AAA
AAA
2.89 1.63
47800RAD5 JDOT 2024 A3 4.96 11/15/2028 200,000.00 02/20/2025
4.63%
201,203.13
200,935.23
101.09
4.09%
202,174.46
440.89
0.96%
1,239.23
Aaa/NA
AAA
3.13 1.17
096919AD7 BMWOT 2024-A A3 5.18
02/26/2029 400,000.00 --4.69%
404,156.25
403,206.24
101.18
3.92%
404,715.20
345.33
1.93%
1,508.96
Aaa/AAA
NA
3.41 0.89
89239TAD4 TAOT 2024-D A3 4.4 06/15/2029 60,000.00 10/10/2024
4.51%
59,996.65
59,997.34
100.68
3.92%
60,409.63
117.33
0.29%
412.30
Aaa/AAA
NA
3.71 1.30
02589BAE0 AMXCA 2024-3 A 4.65 07/15/2027 200,000.00 02/20/2025
4.57%
200,546.88
200,407.97
101.40
3.87%
202,799.04
413.33
0.97%
2,391.07
NA/AAA
AAA
1.79 1.68
34535VAD6 FORDO 2024-D A3 4.61
08/15/2029 120,000.00 11/19/20244.66%
119,996.15
119,996.85
101.17
3.92%
121,403.42
245.87
0.58%
1,406.58
Aaa/NA
AAA
3.87 1.58
38014AAD3 GMCAR 2024-4 A3 4.4
08/16/2029 60,000.00 10/08/20244.32%
59,988.44
59,990.73
100.69
3.87%
60,413.06
110.00
0.29%
422.33
Aaa/AAA
NA
3.88 1.20
47800DAD6 JDOT 2025 A3 4.23 09/17/2029 100,000.00 03/04/2025
5.09%
99,993.71
99,994.49
100.55
4.02%
100,549.44
188.00
0.48%
554.95
Aaa/NA
AAA
3.96 2.21
92970QAE5 WFCIT 2024-2 A 4.29 10/15/2029 110,000.00 10/17/2024
4.29%
109,983.65
109,986.73
100.83
3.90%
110,908.73
209.73
0.53%
922.00
Aaa/AAA
NA
4.04 1.92
89231HAD8 TAOT 2025-B A3 4.34 11/15/2029 65,000.00 04/24/2025
4.82%
64,996.28
64,996.63
100.81
3.93%
65,529.67
125.38
0.31%
533.04
NA/AAA
AAA
4.13 1.79
362955AD8 GMCAR 2025-1 A3 4.62
12/17/2029 80,000.00 01/09/20255.03%
79,994.06
79,994.92
101.12
3.83%
80,899.17
154.00
0.39%
904.25
Aaa/NA
AAA
4.21 1.34
58773DAD6 MBART 2025-1 A3 4.78
12/17/2029 115,000.00 01/14/20254.84%
114,975.54
114,978.97
101.33
3.89%
116,531.39
244.31
0.56%
1,552.41
Aaa/NA
AAA
4.21 1.41
44935XAD7 HART 2025-B A3 4.36 12/17/2029 80,000.00 06/03/2025
4.36%
79,992.78
79,993.27
100.95
3.91%
80,760.47
155.02
0.39%
767.20
NA/AAA
AAA
4.21 1.94
02582JKP4 AMXCA 2025-2 A 4.28 04/15/2030 170,000.00 05/06/2025
4.28%
169,996.92
169,997.16
100.96
3.92%
171,624.01
323.38
0.82%
1,626.85
NA/AAA
AAA
4.54 2.36
24 Item 7.5
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HOLDINGS REPORT
City of Campbell | Account #11214 | As of September 30, 2025 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
2,022,553.56 101.00 2,036,803.13 9.72% 3.45
Total ABS 2,016,720.37 4.61% 2,021,197.61 3.94% 3,467.78 15,605.52 1.46 AGENCY
3133ENZY9 FEDERAL FARM CREDIT BANKS
FUNDING CORP 3.96 07/12/2027 1,000,000.00 07/12/20223.96% 1,000,000.00
1,000,000.00
99.93 4.00%
999,278.06
8,690.00
4.77%
(721.94)
Aa1/AA+
AA+
1.78 1.69
3130B7QM9 FEDERAL HOME LOAN BANKS 3.5
09/09/2027 500,000.00 09/23/20253.63%
498,795.00
498,806.80
99.74 3.64%
498,698.14
972.22
2.38%
(108.66)
Aa1/AA+
AA+
1.94 1.85
1,498,795.00 99.87 1,497,976.20 7.15% 1.83
Total Agency 1,500,000.00 3.85% 1,498,806.80 3.88% 9,662.22 (830.60) 1.74
AGENCY CMBS
3137BSRE5 FHMS K-059 A2 3.12 09/25/2026 249,916.28 11/21/2024
4.55%
243,609.80
246,635.73
99.15 3.89%
247,792.94
649.78
1.18%
1,157.20
Aa1/AAA
AAA
0.99 0.86
3137FJEH8 FHMS K-081 A2 3.9 08/25/2028 250,000.00 11/21/2024
4.53%
244,335.94
245,638.17
99.91 3.87%
249,773.83
812.50
1.19%
4,135.66
Aa1/AA+
AAA
2.90 2.67
3137FJKE8 FHMS K-082 A2 3.92 09/25/2028 250,000.00 06/10/2025
4.27%
246,992.19
247,273.53
99.96 3.87%
249,911.73
816.67
1.19%
2,638.19
Aa1/AA+
AAA
2.99 2.70
3137FKSH0 FHMS K-086 A2 3.859 11/25/2028 150,000.00 09/18/2024
3.82%
150,005.86
150,004.40
99.79 3.88%
149,679.00
482.38
0.71%
(325.40)
Aaa/AA+
AA+
3.15 2.88
3137FLN91 FHMS K-091 A2 3.505 03/25/2029 300,000.00 11/14/2024
4.62%
287,074.22
289,687.49
98.62 3.90%
295,852.35
876.25
1.41%
6,164.86
Aa1/AAA
AA+
3.48 3.12
3137FMCR1 FHMS K-093 A2 2.982 05/25/2029 148,410.27 10/16/2024
4.15%
141,407.16
142,868.79
96.96 3.90%
143,900.14
368.80
0.69%
1,031.35
Aa1/AA+
AAA
3.65 3.19
3137FNAE0 FHMS K-095 A2 2.785 06/25/2029 250,000.00 03/13/2025
4.39%
234,707.03
236,668.43
96.08 3.93%
240,200.40
580.21
1.15%
3,531.97
Aa1/AA+
AAA
3.73 3.38
3137FPHK4 FHMS K-098 A2 2.425 08/25/2029 300,000.00 10/17/2024
4.26%
276,445.31
281,091.42
94.65 3.93%
283,959.09
606.25
1.35%
2,867.67
Aa1/AA+
AAA
3.90 3.56
3137FRUJ8 FHMS K-105 A2 1.872 01/25/2030 275,000.00 03/17/2025
4.43%
244,868.16
248,229.55
91.75 3.99%
252,309.72
429.00
1.20%
4,080.17
Aa1/AA+
AAA
4.32 4.01
2,069,445.67 97.32 2,113,379.19 10.08% 3.24
Total Agency CMBS 2,173,326.54 4.37% 2,088,097.52 3.91% 5,621.83 25,281.67 2.94 25 Item 7.5
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HOLDINGS REPORT
City of Campbell | Account #11214 | As of September 30, 2025 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
CASH
CCYUSD Receivable 1,695.52 -- 1,695.52
1,695.52
1.00 0.00%
1,695.52
0.00 0.01%
0.00 Aaa/AAA
AAA
0.00 0.00
Total Cash 1,695.52
1,695.52
1,695.52
1.00 0.00%
1,695.52
0.00 0.01%
0.00 0.00
0.00 COMMERCIAL
PAPER
62479MES8 MUFG Bank, Ltd., New York
Branch 05/26/2026 350,000.00 09/23/20253.99%
340,758.06
341,059.84
97.40 4.05%
340,908.75
0.00 1.63%
(151.09)
P-1/A-1
NA
0.65 0.64
Total Commercial
Paper 350,000.00 3.99%
340,758.06
341,059.84
97.40 4.05%
340,908.75
0.00 1.63%
(151.09)
0.65 0.64
CORPORATE
91324PEY4 UNITEDHEALTH GROUP INC 4.6
04/15/2027 240,000.00 09/18/20243.83%
244,346.40
242,539.79
100.82
4.04%
241,966.33
5,090.67
1.15%
(573.47)
A2/A+
A
1.54 1.37
437076DB5 HOME DEPOT INC 4.875
06/25/2027 225,000.00 08/12/20244.25%
228,663.00
227,168.93
101.66
3.88%
228,723.90
2,925.00
1.09%
1,554.97
A2/A
A
1.73 1.56
02665WFK2 AMERICAN HONDA FINANCE
CORP 4.9 07/09/2027 200,000.00 09/18/20244.03%
204,578.00
202,890.90
101.41
4.06%
202,825.35
2,232.22
0.97%
(65.55)
A3/ANA1.77
1.67 78017FZQ9 ROYAL BANK OF CANADA 4.51
10/18/2027 250,000.00 11/05/20244.66%
249,005.00
249,309.23
100.34
3.10%
250,849.53
5,105.07
1.20%
1,540.30
A1/A
AA2.050.99
857477CP6 STATE STREET CORP 4.33
10/22/2027 250,000.00 11/07/20244.54%
248,537.50
248,981.13
100.91
3.86%
252,284.02
4,781.04
1.20%
3,302.88
Aa3/A
AA2.061.84
89115A3E0 TORONTO-DOMINION BANK 4.861
01/31/2028 225,000.00 01/28/20254.86%
225,000.00
225,000.00
101.75
4.06%
228,932.45
1,853.26
1.09%
3,932.45
A2/AAA2.34
2.17 17275RBW1 CISCO SYSTEMS INC 4.55
02/24/2028 250,000.00 03/11/20254.32%
251,557.50
251,255.81
101.54
3.87%
253,844.02
1,169.10
1.21%
2,588.21
A1/AANA2.40
2.17 00287YDY2 ABBVIE INC 4.65 03/15/2028 125,000.00 02/18/2025
4.70%
124,833.75
124,866.16
101.65
3.94%
127,059.11
258.33
0.61%
2,192.94
A3/ANA2.46
2.23 06406RBG1 BANK OF NEW YORK MELLON
CORP 3.992 06/13/2028 225,000.00 09/05/20244.31%
223,128.00
223,850.85
99.96 4.47%
224,914.86
2,694.60
1.07%
1,064.01
Aa3/A
AA2.701.61
26 Item 7.5
Tuesday, November 04, 2025 103 of 249
HOLDINGS REPORT
City of Campbell | Account #11214 | As of September 30, 2025 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
46647PDG8 JPMORGAN CHASE & CO 4.851
07/25/2028 150,000.00 08/12/20244.62%
150,933.00
150,574.02
101.32
4.78%
151,983.23
1,334.03
0.73%
1,409.21
A1/A
AA2.821.71
46647PEU6 JPMORGAN CHASE & CO 4.915
01/24/2029 115,000.00 01/16/20254.92%
115,000.00
115,000.00
101.80
4.34%
117,073.33
1,051.95
0.56%
2,073.33
A1/A
AA3.322.15
06051GMK2 BANK OF AMERICA CORP 4.979
01/24/2029 150,000.00 01/17/20254.98%
150,000.00
150,000.00
101.85
4.37%
152,772.62
1,389.97
0.73%
2,772.62
A1/AAA3.32
2.15 06368MJG0 BANK OF MONTREAL 5.004
01/27/2029 100,000.00 01/22/20255.01%
100,000.00
100,000.00
101.95
4.32%
101,947.01
889.60
0.49%
1,947.01
A2/AAA3.33
2.16 91159HJK7 US BANCORP 4.653 02/01/2029 200,000.00 09/05/2024
4.47%
201,116.00
200,765.85
101.11
4.50%
202,212.45
1,551.00
0.96%
1,446.60
A3/A
A
3.34 2.18
06051GLG2 BANK OF AMERICA CORP 5.202
04/25/2029 150,000.00 08/12/20244.69%
152,550.00
151,768.58
102.51
4.59%
153,759.47
3,381.30
0.73%
1,990.89
A1/AAA3.57
2.34 24422EXT1 JOHN DEERE CAPITAL CORP 4.85
06/11/2029 225,000.00 08/12/20244.40%
229,338.00
228,319.32
102.73
4.05%
231,140.21
3,334.38
1.10%
2,820.88
A1/A
A+
3.70 3.32
025816EJ4 AMERICAN EXPRESS CO 4.351
07/20/2029 170,000.00 07/21/20254.35%
170,000.00
170,000.00
100.59
4.33%
171,002.98
1,356.06
0.82%
1,002.98
A2/AA3.80
2.60 89236TMK8 TOYOTA MOTOR CREDIT CORP
4.55 08/09/2029 225,000.00 08/12/20244.49%
225,567.00
225,438.16
101.53
4.12%
228,438.55
1,478.75
1.09%
3,000.39
A1/A+
A+
3.86 3.49
532457CQ9 ELI LILLY AND CO 4.2 08/14/2029 235,000.00 08/12/2024
4.22%
234,769.70
234,821.79
100.71
4.00%
236,663.52
1,288.58
1.13%
1,841.73
Aa3/A+
NA
3.87 3.45
26442CAY0 DUKE ENERGY CAROLINAS LLC
2.45 08/15/2029 250,000.00 12/18/20244.72%
226,517.50
230,468.09
94.11 4.11%
235,286.58
782.64
1.12%
4,818.49
Aa3/A
NA
3.87 3.63
14913UAU4 CATERPILLAR FINANCIAL SERVICES
CORP 4.7 11/15/2029 250,000.00 11/12/20244.74%
249,592.50
249,663.91
102.43
4.05%
256,066.75
4,438.89
1.22%
6,402.84
A2/A
A+
4.13 3.66
89236TNA9 TOYOTA MOTOR CREDIT CORP
4.95 01/09/2030 170,000.00 01/06/20255.00%
169,636.20
169,689.00
103.01
4.17%
175,116.56
1,916.75
0.84%
5,427.56
A1/A+
A+
4.28 3.79
63743HFX5
NATIONAL RURAL UTILITIES
COOPERATIVE FINANCE CORP 4.95
02/07/2030
250,000.00
02/20/2025
4.90%
250,550.00
250,481.44
103.01
4.19%
257,520.69
1,856.25
1.23%
7,039.25
A2/NA
A
4.36 3.80
571748CA8 MARSH & MCLENNAN
COMPANIES INC 4.65 03/15/2030 250,000.00 03/24/20254.67% 249,755.00
249,780.63
101.62
4.25%
254,060.09
516.67
1.21%
4,279.46
A3/AA4.45
3.92 931142FN8 WALMART INC 4.35 04/28/2030 185,000.00 04/23/2025
4.39%
184,679.95
184,707.29
101.64
3.95%
188,036.50
3,420.19
0.90%
3,329.21
Aa2/AA
AA
4.57 3.98
27 Item 7.5
Tuesday, November 04, 2025 104 of 249
HOLDINGS REPORT
City of Campbell | Account #11214 | As of September 30, 2025 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
69371RT71 PACCAR FINANCIAL CORP 4.55
05/08/2030 230,000.00 05/05/20254.59%
229,643.50
229,672.00
101.80
4.12%
234,131.03
4,156.93
1.12%
4,459.03
A1/A+
NA
4.60 4.05
Total Corporate 5,295,000.00 4.54%
5,289,297.50
5,287,012.90
101.23
4.10%
5,358,611.11
60,253.21
25.57%
71,598.21
3.23 2.66
MONEY MARKET
FUND
X9USDDGCM DREYFUS GVT CM INST 283,090.23 --
4.03%
283,090.23
283,090.23
1.00 4.20%
283,090.23
0.00 1.35%
0.00 Aaa/AAAm
NA
0.00 0.00
Total Money Market
Fund 283,090.23 4.03%
283,090.23
283,090.23
1.00 4.20%
283,090.23
0.00 1.35%
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
205,874.27
102.61
3.76%
210,354.60
1,537.50
1.00%
4,480.33
Aa2/AAAA3.84
3.48 Total Municipal
Bonds 205,000.00 4.38%
206,080.35
205,874.27
102.61
3.76%
210,354.60
1,537.50
1.00%
4,480.33
3.84 3.48
SUPRANATIONAL
459058LN1
INTERNATIONAL BANK FOR
RECONSTRUCTION AND
DEVELOPM 3.875 10/16/2029
350,000.00
12/13/2024
4.29%
343,689.50
344,722.78
100.53
3.73%
351,842.03
6,216.00
1.68%
7,119.25
Aaa/AAA
NA
4.04 3.65
459058LR2
INTERNATIONAL BANK FOR
RECONSTRUCTION AND
DEVELOPM 4.125 03/20/2030
125,000.00
03/14/2025
4.20%
124,553.75
124,601.41
101.48
3.76%
126,850.89
157.55
0.61%
2,249.48
Aaa/AAA
NA
4.47 4.05
Total Supranational 475,000.00 4.27%
468,243.25
469,324.18
100.78
3.74%
478,692.92
6,373.55
2.28%
9,368.74
4.16 3.75
US TREASURY
91282CJC6 UNITED STATES TREASURY 4.625
10/15/2026 375,000.00 08/30/20243.90%
380,507.81
377,690.03
100.92
3.71%
378,467.28
8,008.45
1.81%
777.26
Aa1/AA+
AA+
1.04 0.99
28 Item 7.5
Tuesday, November 04, 2025 105 of 249
HOLDINGS REPORT
City of Campbell | Account #11214 | As of September 30, 2025 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
91282CKE0 UNITED STATES TREASURY 4.25
03/15/2027 350,000.00 08/20/20243.86%
353,322.27
351,881.20
100.81
3.67%
352,843.75
657.46
1.68%
962.55
Aa1/AA+
AA+
1.45 1.40
91282CKZ3 UNITED STATES TREASURY 4.375
07/15/2027 375,000.00 08/08/20243.91%
379,804.69
377,927.72
101.25
3.64%
379,702.15
3,477.41
1.81%
1,774.43
Aa1/AA+
AA+
1.79 1.69
91282CFM8 UNITED STATES TREASURY 4.125
09/30/2027 350,000.00 10/31/20244.17%
349,521.48
349,671.83
100.96
3.62%
353,376.95
39.66 1.69%
3,705.12
Aa1/AA+
AA+
2.00 1.90
91282CGP0 UNITED STATES TREASURY 4.0
02/29/2028 375,000.00 08/08/20243.87%
376,552.73
376,053.08
100.88
3.61%
378,310.55
1,284.53
1.80%
2,257.46
Aa1/AA+
AA+
2.42 2.28
91282CHK0 UNITED STATES TREASURY 4.0
06/30/2028 350,000.00 08/20/20243.76%
353,007.81
352,141.12
100.98
3.62%
353,431.64
3,538.04
1.69%
1,290.52
Aa1/AA+
AA+
2.75 2.56
91282CJF9 UNITED STATES TREASURY 4.875
10/31/2028 375,000.00 08/08/20243.85%
389,765.63
385,768.20
103.56
3.64%
388,359.38
7,650.31
1.85%
2,591.18
Aa1/AA+
AA+
3.08 2.80
91282CKD2 UNITED STATES TREASURY 4.25
02/28/2029 375,000.00 11/26/20244.21%
375,585.94
375,469.81
101.90
3.65%
382,133.79
1,364.81
1.82%
6,663.98
Aa1/AA+
AA+
3.41 3.15
91282CKG5 UNITED STATES TREASURY 4.125
03/31/2029 350,000.00 11/18/20244.31%
347,498.05
347,994.36
101.52
3.66%
355,332.03
39.66 1.70%
7,337.68
Aa1/AA+
AA+
3.50 3.23
91282CKP5 UNITED STATES TREASURY 4.625
04/30/2029 375,000.00 08/08/20243.84%
387,583.01
384,533.91
103.19
3.67%
386,967.77
7,257.98
1.85%
2,433.86
Aa1/AA+
AA+
3.58 3.23
91282CEV9 UNITED STATES TREASURY 3.25
06/30/2029 350,000.00 11/18/20244.31%
334,591.80
337,483.12
98.50 3.68%
344,763.67
2,874.66
1.64%
7,280.55
Aa1/AA+
AA+
3.75 3.46
91282CLC3 UNITED STATES TREASURY 4.0
07/31/2029 350,000.00 08/20/20243.70%
354,634.77
353,592.27
101.11
3.69%
353,869.14
2,358.70
1.69%
276.87
Aa1/AA+
AA+
3.83 3.50
91282CLK5 UNITED STATES TREASURY 3.625
08/31/2029 400,000.00 --3.60%
400,687.50
400,432.99
99.76 3.69%
399,031.25
1,241.71
1.90%
(1,401.74)
Aa1/AA+
AA+
3.92 3.61
91282CLN9 UNITED STATES TREASURY 3.5
09/30/2029 400,000.00 --4.09%
389,617.18
391,483.71
99.29 3.69%
397,171.88
38.46 1.89%
5,688.16
Aa1/AA+
AA+
4.00 3.70
91282CLR0 UNITED STATES TREASURY 4.125
10/31/2029 400,000.00 --4.33%
396,388.68
396,993.10
101.59
3.70%
406,359.38
6,904.89
1.94%
9,366.28
Aa1/AA+
AA+
4.08 3.67
91282CMA6 UNITED STATES TREASURY 4.125
11/30/2029 400,000.00 12/11/20244.09%
400,546.88
400,458.55
101.61
3.70%
406,437.50
5,545.08
1.94%
5,978.95
Aa1/AA+
AA+
4.17 3.75
91282CMD0 UNITED STATES TREASURY 4.375
12/31/2029 400,000.00 --4.45%
398,679.69
398,867.92
102.59
3.71%
410,343.75
4,422.55
1.96%
11,475.83
Aa1/AA+
AA+
4.25 3.82
91282CMU2 UNITED STATES TREASURY 4.0
03/31/2030 300,000.00 04/07/20253.75%
303,375.00
303,048.27
101.14
3.72%
303,433.59
32.97 1.45%
385.33
Aa1/AA+
AA+
4.50 4.09
29 Item 7.5
Tuesday, November 04, 2025 106 of 249
HOLDINGS REPORT
City of Campbell | Account #11214 | As of September 30, 2025 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
91282CMZ1 UNITED STATES TREASURY 3.875
04/30/2030 500,000.00 09/16/20253.57%
506,425.78
506,372.42
100.63
3.72%
503,164.06
8,108.02
2.40%
(3,208.36)
Aa1/AA+
AA+
4.58 4.10
91282CNG2 UNITED STATES TREASURY 4.0
05/31/2030 350,000.00 06/09/20254.08%
348,742.19
348,820.46
101.17
3.72%
354,101.56
4,704.92
1.69%
5,281.11
Aa1/AA+
AA+
4.67 4.17
91282CNK3 UNITED STATES TREASURY 3.875
06/30/2030 325,000.00 07/29/20253.95%
323,933.59
323,971.00
100.61
3.73%
326,993.16
3,182.66
1.56%
3,022.17
Aa1/AA+
AA+
4.75 4.26
91282CNN7 UNITED STATES TREASURY 3.875
07/31/2030 225,000.00 08/26/20253.77%
226,081.05
226,060.02
100.60
3.74%
226,353.51
1,468.92
1.08%
293.50
Aa1/AA+
AA+
4.83 4.35
91282CNX5 UNITED STATES TREASURY 3.625
08/31/2030 500,000.00 09/16/20253.58%
500,937.50
500,930.24
99.48 3.74%
497,421.88
1,552.14
2.37%
(3,508.37)
Aa1/AA+
AA+
4.92 4.45
Total US Treasury 8,550,000.00 3.95%
8,577,791.03
8,567,645.32
101.05
3.68%
8,638,369.62
75,754.01
41.21%
70,724.31
3.54 3.23
Total Portfolio 20,849,832.66 4.21%
20,757,750.18
20,763,804.19
99.22 3.87%
20,959,881.27
162,670.11
100.00%
196,077.08
3.22 2.71
Total Market Value +
Accrued 21,122,551.38
30 Item 7.5
Tuesday, November 04, 2025 107 of 249
TRANSACTIONS
31 Item 7.5
Tuesday, November 04, 2025 108 of 249
TRANSACTION LEDGER
City of Campbell | Account #11214|07/01/2025 Through 09/30/2025| Transaction
Type
Settlement
Date CUSIP Quantity Security Description Price Acq/DispYield Amount Interest Pur/Sold Total Amount Gain/Loss
ACQUISITIONS
Purchase 07/25/2025 025816EJ4 170,000.00 AMERICAN EXPRESS CO 4.351 07/20/2029 100.000 4.35% (170,000.00) 0.00 (170,000.00) 0.00 Purchase 07/30/2025 91282CNK3 325,000.00
UNITED STATES
TREASURY 3.875
06/30/2030
99.672 3.95% (323,933.59) (1,026.66) (324,960.25) 0.00
Purchase 08/13/2025 379965AD8 90,000.00 GMALT 2025-3 A3 4.17 08/21/2028 99.985 4.18% (89,986.32) 0.00 (89,986.32) 0.00 Purchase 08/27/2025 91282CNN7 225,000.00
UNITED STATES
TREASURY 3.875
07/31/2030
100.480 3.77% (226,081.05) (639.69) (226,720.74) 0.00
Purchase 09/17/2025 91282CMZ1 500,000.00
UNITED STATES
TREASURY 3.875
04/30/2030
101.285 3.57% (506,425.78) (7,370.92) (513,796.70) 0.00 Purchase 09/17/2025 91282CNX5 500,000.00
UNITED STATES
TREASURY 3.625
08/31/2030
100.188 3.58% (500,937.50) (851.17) (501,788.67) 0.00
Purchase 09/23/2025 62479MES8 350,000.00
MUFG Bank, Ltd.,
New York Branch
05/26/2026
97.359 3.99% (340,758.06) 0.00 (340,758.06) 0.00
Purchase 09/24/2025 3130B7QM9 500,000.00 FEDERAL HOME LOAN BANKS 3.5 09/09/2027 99.759 3.63% (498,795.00) (631.94) (499,426.94) 0.00 Total Purchase 2,660,000.00 (2,656,917.30) (10,520.38) (2,667,437.68) 0.00 TOTAL
ACQUISITIONS 2,660,000.00 (2,656,917.30) (10,520.38) (2,667,437.68) 0.00
DISPOSITIONS
Call Redemption 09/12/2025 3133ENZC7 (1,000,000.00)
FEDERAL FARM CREDIT
BANKS FUNDING CORP
4.12 06/22/2026
100.000 4.12% 1,000,000.00 0.00 1,000,000.00 0.00
Total Call
Redemption (1,000,000.00) 1,000,000.00 0.00 1,000,000.00 0.00 Maturity 07/29/2025 3130APFH3 (250,000.00)
FEDERAL HOME
LOAN BANKS 0.81
07/29/2025
100.000 0.81% 250,000.00 0.00 250,000.00 0.00
32 Item 7.5
Tuesday, November 04, 2025 109 of 249
TRANSACTION LEDGER
City of Campbell | Account #11214|07/01/2025 Through 09/30/2025| Transaction
Type
Settlement
Date CUSIP Quantity Security Description Price Acq/DispYield Amount Interest Pur/Sold Total Amount Gain/Loss Maturity 09/17/2025 3130ANVB3 (1,000,000.00) FEDERAL HOME LOAN BANKS 0.8 09/17/2025 100.000 0.80% 1,000,000.00 0.00 1,000,000.00 0.00 Total Maturity (1,250,000.00) 1,250,000.00 0.00 1,250,000.00 0.00 Sale 07/24/2025 91282CGR6 (100,000.00)
UNITED STATES
TREASURY 4.625
03/15/2026
100.324 4.14% 100,324.22 1,646.40 101,970.62 26.47
Sale 08/08/2025 91282CGR6 (250,000.00)
UNITED STATES
TREASURY 4.625
03/15/2026
100.352 4.14% 250,878.91 4,587.30 255,466.21 182.25
Total Sale (350,000.00) 351,203.13 6,233.70 357,436.83 208.72 TOTAL
DISPOSITIONS (2,600,000.00) 2,601,203.13 6,233.70 2,607,436.83 208.72 33 Item 7.5
Tuesday, November 04, 2025 110 of 249
IMPORTANT DISCLOSURES
2025 Chandler Asset Management, Inc, An Independent Registered Investment Adviser.
Information contained herein is confidential. Prices are provided by ICE Data Services Inc (“IDS”), an independent pricing source. In the event IDS 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 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.
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.
Source ICE Data Indices, LLC (“ICE”), used with permission. ICE permits use of the ICE indices and related data on an “asis” 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 it at licensee’s own risk. ICE data, its affiliates and their respective third party do not sponsor, endorse, or recommend chandler asset management, or any of its products or services.
This report is provided for informational purposes only and should not be construed as a specific investment or legal advice. The information contained herein was obtained from sources believed to be reliable as of the date of publication, but may become outdated or superseded at any time without notice. Any opinions or views expressed are based on current market conditions and are subject to change. This report may contain forecasts and forward-looking statements which are inherently limited and should not be relied upon as indicator of future results. Past performance is not indicative of future results. This report is not intended to constitute an offer, solicitation, recommendation or advice regarding any securities or investment strategy and should not be regarded by recipients as a substitute for the exercise of their own judgment.
Fixed income investments are subject to interest, credit and market risk. Interest rate risk: the value of fixed income investments will decline as interest rates rise. Credit risk: the possibility that the borrower may not be able to repay interest and principal. Low rated bonds generally have to pay higher interest rates to attract investors willing to take on greater risk. Market risk: the bond market in general could decline due to economic conditions, especially during periods of rising interest rates.
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. 34 Item 7.5
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BENCHMARK 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. 35 Item 7.5
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Cashflow Projections for the Month of October 2025
Revenue Receipt Expenditure Payment
Description Amount Description Amount
Community Center/Dev. Leases/Rentals 260,000 Outstanding checks 1,492,916 Environmental Services Fees 20,000 Bills & Claims 2,600,000 Property Taxes 930,000 Bills & Claims- Meas O 2,700,000 Other Taxes 65,000 Payroll 1,800,000
Licenses and Permits 990,000 CalPERS- Health & retirement payments 700,000 Fines/Forfeitures/Penalties 13,000 Mission Square retirement payments 150,000 Intergovernmental--Gas Taxes 115,000 Other charges & bank fees 30,000 Intergovernmental--Other incl RPTTF 260,000 Meas K sales tax escrow deposit 580,000 Investment earnings & interest 363,709
Charges for Current Services 475,000
Sales & Use Tax 1,440,000
Sales & Use Tax- MEAS K 580,000
Transient Occupancy Tax (monthly) 485,000
Miscellaneous Receipts 80,000
Misc Rec- JPA/798 65,000
Sub-total (Receipts) 6,141,709 Sub-total (Expenditure) 10,052,916 Amount withdrew from Investments Amount of expected revenue to cover this month's expenditures. 3,911,207 Available for investment. - Total $ 10,052,916 Total $ 10,052,916
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Cashflow Projections for the Month of November 2025
Revenue Receipt Expenditure Payment
Description Amount Description Amount
Community Center/Dev. Leases/Rentals 260,000 Bills & Claims 1,800,000 Environmental Services Fees 33,677 Bills & Claims- Meas O 1,800,000 Franchise Fees 115,333 Payroll 1,800,000
Property Taxes 3,186,000 CalPERS- Health & retirement payments 700,000 Other Taxes 45,615 Mission Square retirement contributions 150,000 Licenses and Permits 435,000 Other charges & bank fees 30,000 Licenses and Permits- Pulte Group 750,000 Meas K sales tax escrow deposit 580,000 Fines/Forfeitures/Penalties 10,000
Intergovernmental--Gas Taxes 90,000
Intergovernmental--Other incl RPTTF 165,000
Investment earnings & interest 32,590
Charges for Current Services 300,000
Sales & Use Tax 1,440,000
Sales & Use Tax- MEAS K 580,000
Transient Occupancy Tax (monthly) 352,822
Miscellaneous Receipts 298,541
Misc Rec- JPA/798 59,634
Sub-total (Receipts) 8,154,211 Sub-total (Expenditure) 6,860,000 Amount withdrew from Investments Amount of expected revenue to cover this month's expenditures. Available for investment. 1,294,211 Total $ 8,154,211 Total $ 8,154,211
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Cashflow Projections for the Month of December 2025
Revenue Receipt Expenditure Payment
Description Amount Description Amount
Community Center/Dev. Leases/Rentals 260,000 Bills & Claims 2,700,000 Environmental Services Fees 21,000 Bills & Claims- Meas O 1,500,000 Property Taxes 2,433,000 Payroll (3) + CPCOA Holiday Pay 2,900,000 Other Taxes 75,000 CalPERS- Health & retirement payments 700,000 Licenses and Permits 400,000 Mission Square retirement contributions 150,000 Fines/Forfeitures/Penalties 3,000 Other charges & bank fees 30,000 Intergovernmental--Gas Taxes 90,000 Meas K sales tax escrow deposit 580,000 Intergovernmental--Other incl RPTTF 160,000
Investment earnings & interest 39,182
Charges for Current Services 550,000
Sales & Use Tax 1,440,000
Sales & Use Tax- MEAS K 580,000
Transient Occupancy Tax (monthly) 185,000
Miscellaneous Receipts 80,000
Misc Rec- JPA/798 61,000
6,377,182 Sub-total (Expenditure) 8,560,000
Amount withdrew from Investments Amount of expected revenue to cover this month's expenditures. 2,182,818 Available for investment. - Total $ 8,560,000 Total $ 8,560,000
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Cashflow Projections for the Month of January 2026
Revenue Receipt Expenditure Payment
Description Amount Description Amount
Community Center/Dev. Leases/Rentals 290,000 Bills & Claims 2,400,000 Environmental Services Fees 25,000 Bills & Claims- Meas O 1,500,000 Franchise Fees 12,000 Payroll 1,800,000
Property Taxes 7,500,000 CalPERS- Health & retirement payments 750,000 Other Taxes 67,000 Wire payments- Lathrop retention Escrow 50,000 Licenses and Permits 565,000 Mission Square retirement payments 240,000 Fines/Forfeitures/Penalties 5,000 Other charges & bank fees 16,000 Intergovernmental--Gas Taxes 120,000 Meas K sales tax escrow deposit 580,000 Intergovernmental--Other incl RPTTF 1,100,000
Investment earnings & interest 330,000
Charges for Current Services 600,000
Sales & Use Tax 1,440,000
Sales & Use Tax- MEAS K 580,000
Transient Occupancy Tax (monthly) 370,000
Miscellaneous Receipts 150,000
Spec Assessment 805,000
Sub-total (Receipts) 13,959,000 Sub-total (Expenditure) 7,336,000 Amount withdrew from Investments Amount of expected revenue to cover this month's expenditures. - Available for investment. 6,623,000 Total $ 13,959,000 Total $ 13,959,000
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Cashflow Projections for the Month of February 2026
Revenue Receipt Expenditure Payment
Description Amount Description Amount
Community Center/Dev. Leases/Rentals 250,000 Bills & Claims 2,000,000 Environmental Services Fees 35,000 Bills & Claims- Meas O 750,000 Franchise Fees 105,000 Payroll+ Excess vacation payout run 2,100,000 Property Taxes 50,000 MEAS O semi-annual debt service 856,725 Other Taxes 62,000 CalPERS- Health & retirement payments 730,000 Licenses and Permits 885,000 Meas K sales tax escrow deposit 580,000 Fines/Forfeitures/Penalties 27,000 Mission Square retirement contributions 140,000 Intergovernmental--Gas Taxes 95,000 Other charges & bank fees 25,000 Intergovernmental--Other incl RPTTF 165,000
Investment earnings & interest 60,000
Charges for Current Services 500,000
Sales & Use Tax 1,440,000
Sales & Use Tax- MEAS K 580,000
Transient Occupancy Tax (monthly) 290,000
Miscellaneous Receipts 7,000
Misc Rec- JPA/798 61,000
Sub-total (Receipts) 4,612,000 Sub-total (Expenditure) 7,181,725 Amount withdrew from Investments Amount of expected revenue to cover this month's expenditures. 2,569,725 Available for investment. - Total $ 7,181,725 Total $ 7,181,725
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Cashflow Projections for the Month of March 2026
Revenue Receipt Expenditure Payment
Description Amount Description Amount
Community Center/Dev. Leases/Renta 225,000 Bills & Claims 2,900,000 Franchise Fees 20,000 Bills & Claims- Meas O 300,000
Environmental Services Fees 350,000 Payroll 1,800,000
Property Taxes 1,750,000 LRB & TARB semi-annual debt service 989,250 Licenses and Permits 740,000 CalPERS- Health & retirement payments 700,000 Fines/Forfeitures/Penalties 10,000 Mission Square retirement contributions 140,000 Intergovernmental--Gas Taxes 85,000 Meas K sales tax escrow deposit 580,000 Intergovernmental--Other incl RPTTF 395,000 Other charges & bank fees 35,000 Investment earnings & interest 75,000
Charges for Current Services 900,000
Sales & Use Tax 1,440,000
Sales & Use Tax- MEAS K 580,000
Transient Occupancy Tax (monthly) 330,000
Miscellaneous Receipts 60,000
Misc Rec- JPA/798 67,000
Sub-total (Receipts) 7,027,000 Sub-total (Expenditure) 7,444,250 Amount withdrew from Investments Amount of expected revenue to cover this month's expenditures. 417,250 Available for investment. - Total $ 7,444,250 Total $ 7,444,250
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Actual Results for the Month of July 2025
Revenue Receipt Expenditure Payment
Description Amount Description Amount
Community Center/Dev. Leases/Rentals 455,278 Outstanding Checks 2,035,280 Environmental Services Fees 12,427 Bills & Claims 3,202,579 Franchise Fees 10,032 Bills & Claims- Meas O 233,000
Other Taxes 59,185 Payroll 2,876,533
Licenses and Permits 774,880 CalPERS- Health & Retirement pmts 682,333 Fines/Forfeitures/Penalties 14,047 Lathrop retention withheld Escrow deposit 124,410 Intergovernmental--Gas Taxes 336,573 Mission Square Retirement payments 138,547 Intergovernmental--Other incl RPTTF 43,791 Wire payment-Plan JPA Insurance (annual premium) 1,923,906 Investment earnings & interest 562,041 Wire payment-Annual Cambrian Annexation 199,577 Charges for Current Services 532,725 Annual prepaid CalPERS pension liability payment 6,837,114 Sales & Use Tax 1,415,337 Sales & Use Tax- MEAS K escrow deposit 468,865 Sales & Use Tax- MEAS K 468,865 Other charges & bank fees 15,319 Parkland dedication fee 1,454,852
Transient Occupancy Tax (monthly) 397,054
Miscellaneous Receipts 158,673
Misc Rec- JPA/798 62,520
Sub-total (Receipts) 6,758,278 Sub-total (Expenditure) 18,737,463 Amount withdrew from Investments Amount of expected revenue to cover this month's expenditures. 11,979,184 Available for investment. - Total $ 18,737,463 Total $ 18,737,463
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Actual Results for the Month of August 2025
Revenue Receipt Expenditure Payment
Description Amount Description Amount
Community Center/Dev. Leases/Ren 261,680 Bills & Claims 2,029,049 Environmental Services Fees 30,882 Bills & Claims- Meas O 2,909,000 Property Taxes 62,638 Payroll 1,752,659
Other Taxes 64,376 CalPERS 718,386
Licenses and Permits 542,069 Mission Square retirement contribution 205,978 Fines/Forfeitures/Penalties 8,130 MEAS O debt service wire pmts 1,731,700 Intergovernmental--Gas Taxes 216,940 Lathrop retention withheld Escrow depo 143,204 Intergovernmental--Other incl RPT 500,232 Meas K sales tax escrow deposit 695,633 Investment earnings & interest 32,590 Other charges & bank fees 8,225 Charges for Current Services 806,841
Sales & Use Tax 1,514,016
Sales & Use Tax- MEAS K 695,633
Transient Occupancy Tax (monthly 333,411
Miscellaneous Receipts 114,446
Misc Rec- JPA/798 81,569
Sub-total (Receipts) 5,265,454 Sub-total (Expenditure) 10,193,834 Amount of expected revenue
Amount withdrew from Investments
to cover this month's expenditures. 4,928,380 Available for investment. - Total $ 10,193,834 Total $ 10,193,834
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Actual Results for the Month of September 2025
Revenue Receipt Expenditure Payment
Description Amount Description Amount
Community Center/Dev. Leases/Renta 271,444 Bills & Claims 3,918,944 Environmental Services Fees 33,240 Bills & Claims- Meas O 2,517,000 Property Taxes 59,888 Lathrop retention withheld Escrow depo 93,754 Other Taxes 32,830 Payroll 1,718,631
Licenses and Permits 632,892 CalPERS 848,949
Fines/Forfeitures/Penalties 13,791 Mission Square retirement contributions 69,868 Intergovernmental--Gas Taxes 172,398 Meas K sales tax escrow deposit 562,623 Intergovernmental--Other incl RPTTF 582,597 LRB & TARB debt service wire pmts 1,655,441 Investment earnings & interest 22,668 Other charges & bank fees 17,209 Charges for Current Services 312,617
Sales & Use Tax 1,406,192
Sales & Use Tax- MEAS K 562,623
Transient Occupancy Tax 327,885
Miscellaneous Receipts 95,373
Misc Rec- JPA/798 81,794
Sub-total (Receipts) 4,608,231 Sub-total (Expenditure) 11,402,419 Amount of expected revenue
Amount withdrew from Investments
to cover this month's expenditures. 6,794,188 Available for investment. - Total $ 11,402,419 Total $ 11,402,419
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City Council Report
DATE: November 4, 2025
TITLE: Monthly Treasurer’s Report (September 2025)
RECOMMENDED ACTION:
That the City Council review and accept the Monthly Treasurer’s Report for the month ended September 30, 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 September 30, 2025. As shown in Attachment 1, the City recognized $5.0 million in revenues and incurred $10.5 million in expenditures in total, for all City funds along with $1.1 million of negative prior period adjustments. The City’s overall ending fund balance for September 2025 is $54.2 million, a decrease of $6.6 million from the August 2025 total of $60.8 million. Also in the General Fund, the City recognized $3.3 million in revenues and incurred $6.5 million in expenditures in total, along with $1.1 million of negative prior period adjustments. The General Fund's overall ending fund balance for September 2025 is $12.4 million, a decrease of $4.3 million from the August 2025 total of $16.7 million.
FISCAL IMPACT
There is no fiscal impact associated with the review and acceptance of the Monthly Treasurer’s Report.
PREPARED BY: Carolina Vargas, Accountant
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Report Approval Details
Document Title: Report - Monthly Treasurer's Report September 2025.docx Attachments: 2025.09 Fund Balance Report.pdf
Final Approval Date: October 27, 2025
This document and all of its attachments were approved and signed as outlined below:
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City of Campbell
Changes in Total Fund Balance
For the month ended September 30, 2025
Fund Balance
as of
08/31/2025
Prior Month
Adjustment
Current
Revenue
Current
Expenditure
Fund Balance
as of
09/30/2025
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 (3,219,792.69) (1,082,489.40) 3,277,623.06 (6,515,337.24) (7,539,996.27) 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 16,743,419.31 (1,082,489.40) 3,277,623.06 (6,515,337.24) 12,423,215.73 Special Revenue
Vehicle Impact 2,993,581.68 - 81,746.37 - 3,075,328.05
Gas Tax 2,596,729.24 (27,732.31) 202,247.16 (111,658.99) 2,659,585.10 Asset Forfeiture 152,940.00 - 1,842.18 - 154,782.18
Lighting & Landscape District 653,532.62 (60,098.85) 322,837.80 (348,510.94) 567,760.63 Housing & Community Development 345.85 - - - 345.85
Environmental Services 1,149,094.84 - 33,239.97 (51,946.02) 1,130,388.79 Supplemental Law Enforcement 9,947.11 (5,037.07) - (36,749.56) (31,839.52) State & Other Grants (698,937.95) (9,699.47) 373,888.92 (91,841.70) (426,590.20) TDA Grant 379,000.72 - - - 379,000.72
Federal Grants 686,026.41 - - - 686,026.41
ARPA Fund 185,956.58 - - - 185,956.58
Housing Assistance 7,820,571.36 (8,558.66) 22,668.00 (61,643.83) 7,773,036.87 Community Restitution Fund 205,968.47 - 4,470.00 - 210,438.47 Community Facilities District #1 33,880.76 - - (37,083.50) (3,202.74) Community Facilities District #2 253,884.57 - - (39,509.72) 214,374.85 Parkland Dedication 7,979,795.73 - 8,884.00 - 7,988,679.73 Recreation - Private Grants 6,511.21 - - - 6,511.21
Adult Center 18,037.31 - - - 18,037.31
Special Revenue Fund Total 24,426,866.51 (111,126.36) 1,051,824.40 (778,944.26) 24,588,620.29 Debt Service
Measure O 1,846,211.43 934.76 3,498.83 - 1,850,645.02
LID #30 34,956.79 (34,956.79) - - -
2016 Refunding Lease Revenue Bond (145,404.83) 5.58 191,605.58 - 46,206.33 Debt Service Fund Total 1,735,763.39 (34,016.45) 195,104.41 - 1,896,851.35 Internal Service Fund
Motor Vehicle Pool 1,028,625.88 (6,845.29) 91,755.67 (74,914.68) 1,038,621.58 Information Technology Pool (706,252.76) (28,334.16) 237,082.65 (118,081.05) (615,585.32) Worker's Compensation 1,592,362.94 - 50,958.15 (100,918.63) 1,542,402.46 Internal Service Fund Total 1,914,736.06 (35,179.45) 379,796.47 (293,914.36) 1,965,438.72 Trust/Agency
Successor Agency 3,749,853.29 2.48 2.48 - 3,749,858.25
West Valley Solid Waste JPA 1,049,269.62 - 81,793.83 (74,096.50) 1,056,966.95 SCC Specialized Enforcement Team - - - - -
Trust/Agency Fund Total 4,799,122.91 2.48 81,796.31 (74,096.50) 4,806,825.20 Capital Project
Capital Projects Fund (2,905,150.25) (39,065.27) - (269,713.44) (3,213,928.96) Measure O CIP Fund 14,089,315.96 174,350.86 105.89 (2,519,908.61) 11,743,864.10 Capital Project Fund Total 11,184,165.71 135,285.59 105.89 (2,789,622.05) 8,529,935.14 Total City $ 60,804,073.89 $ (1,127,523.59) $ 4,986,250.54 $ (10,451,914.41) $ 54,210,886.43 Fund Description
*Fund balances are unaudited, and may not include all necessary adjustments. These figures will be updated in future reports once the FY 2024/25 independent audit is completed.
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City Council Report
DATE: November 4, 2025
TITLE: Second Reading of Ordinance 2336 Adopting the 2025 California Building and Fire Codes.
RECOMMENDED ACTION:
It is recommended that the City Council take second reading of Ordinance 2336 adopting the adopting the 2025 California Building Code series (Building, Residential, Fire, Administrative, Existing, Historical, Energy, Cal Green, Mechanical, Electrical, Plumbing, Wildland-Urban Interface) and amending Titles 1 (General Provisions), 5 (Business License), 17 (Fire Protection), 18 (Building Codes and Regulations) of the Campbell Municipal Code.
BACKGROUND
Per State Law, the California Building Standards Code (“Building Code”) is revised and updated every three (3) years. As the 2025 Building Codes will go into effect on January 1, 2026, the city needed to amend the Campbell Municipal Code (“CMC”) to reference the new Building Code standards with any local amendments by the end of 2025. These code amendments were identified by the Building Official and Santa Clara County Fire District to provide administrative clarity, align with the changes of the new code series including titles, chapter numbers, and appendix letters, and to address local conditions.
DISCUSSION
At the regular meeting of October 21, 2025, the City Council held a public hearing and took first reading introducing Ordinance 2336 to adopt the 2025 California Building Code series (Building, Residential, Fire, Administrative, Existing, Historical, Energy, Cal Green, Mechanical, Electrical, Plumbing, Wildland-Urban Interface) and amending Titles 1 (General Provisions), 5 (Business License), 17 (Fire Protection), 18 (Building Codes and Regulations) of the Campbell Municipal Code. A desk item was provided to reflect Track Changes that were previously accepted and caused some of the proposed amendments not to be visible in the original ordinance. The desk item presented a revised version showing all proposed changes.
Following public comment, the City Council unanimously voted to approve first reading of Ordinance 2336 as presented in the desk item. Ordinance 2326 will become effective 30 days following the City Council’s second reading.
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FISCAL IMPACT
Nominal publication costs are associated with approving the Ordinance second reading to meet the requirement of Gov. Code 36933 but can be absorbed within the current FY 2026 Operating Budget. Costs for codification of the Ordinance in the Campbell Municipal Code are also included in the current budget by way of purchase order. Other fiscal impacts are included in the staff report introducing the Ordinance on October 21, 2025.
PREPARED BY: Andrea Sanders, City Clerk
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Report Approval Details
Document Title: Report - Second Reading of Ordinance 2336 Adopting the 2025 Building and Fire Codes.docx
Attachments: Ordinance 2336 - 2025 Building Code Updates.docx Final Approval
Date:
October 29, 2025
This document and all of its attachments were approved and signed as outlined below:
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ORDINANCE NO. 2336
BEING AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF CAMPBELL ADOPTING THE 2025 CALIFORNIA BUILDING STANDARDS CODE AND AMENDING TITLES 1 (GENERAL PROVISIONS), 5 (BUSINESS LICENSE REGULATIONS), 17 (FIRE PROTECTION), AND 18 (BUILDING CODES AND REGULATIONS) TO REFLECT LOCAL AMENDMENTS.
WHEREAS, the State of California, through the California Building Standards Commission (CBSC), has adopted the 2025 edition of the California Building Standards Code (Title 24 of the California Code of Regulations), including all parts thereof, which will become effective statewide on January 1, 2026;
WHEREAS, the California Building Standards Code is updated triennially, and the 2025 edition will go into effect statewide on January 1, 2026, requiring municipalities to update their local codes to remain in compliance with state law;
WHEREAS, under the California Building Standards Law (Health & Safety Code § 18901 et seq.) and the State Housing Law (Health & Safety Code § 17958), all cities and counties are required to adopt and enforce the state building standards within their jurisdiction; WHEREAS, the City is required to adopt the 2025 Title 24 codes (also sometimes called the 2025 California Building Standards Code) by ordinance, including any state‐mandated updates and amendments to parts of Title 24;
WHEREAS, the City desires to maintain consistency with the state standards for the promotion of public health, safety, welfare, accessibility, environmental protection, energy efficiency, fire safety, seismic safety and durability of buildings; WHEREAS, local conditions in the City (including climatic, geological and topographical conditions) warrant certain local amendments or modifications to the state code in order to ensure that such standards are reasonably adapted to local needs while not being less protective than the state minimum;
WHEREAS, recent legislative changes (e.g., applicable to modifications of residential building standards under AB 130 (2025) impose constraints on local amendments to state building standards, and require express findings under certain exceptions including:
1. The changes or modifications are substantially equivalent to changes or modifications that were previously filed by the governing body of the city or county and were in effect as of September 30, 2025;
2. The changes or modifications are necessary as emergency standards to protect health and safety; or
3. The changes or modifications are necessary to implement a local code amendment that is adopted to align with a general plan approved on or before June 10, 2025, and that permits mixed-fuel residential construction consistent with federal law while also incentivizing all-electric construction as part of an adopted greenhouse gas emissions reduction strategy.
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City Council Ordinance No. Page 2 of 45
2025 California Building Code (PLN-2025-129)
4. The changes are related to Home Hardening and wildfire resistance and proposed by a local fire prevention district pursuant to Health and Safety Code (HSC) Section 13869.7.
5. The changes or modifications are related to administrative practices pursuant to HSC 18942 and intended to result in
a. Time reduction for permit issue.
b. Alterations to post-entitlement fee schedules.
c. Modernization or adaption of new permitting platforms and software to ease, streamline, and reduce the time required for permit approvals.
WHEREAS, the City has conducted appropriate public notice and held a public hearing on the proposed ordinance in accordance with applicable law, including the Health & Safety Code, Government Code, and the procedures required by the California Building Standards Commission;
WHEREAS, the City Council finds that adoption of local amendments to the 2025 California Building Standards Code is reasonably necessary to protect the public health, safety, and welfare of the community. In particular, the amendments respond to local climatic conditions (including high winds, extreme heat, and seasonal rainfall that increase fire spread, flooding, and structural risks), geologic conditions (including seismic activity, ground shaking, and liquefaction hazards requiring enhanced structural design), and topographical conditions (including wildland-urban interface areas, hillside terrain, and flood-prone zones that elevate risks of fire, landslides, and drainage impacts). These local conditions warrant more stringent standards to reduce the likelihood of structural failure, fire spread, or other hazards, thereby ensuring that buildings and structures within the City are designed and maintained to provide a greater level of safety for occupants, first responders, and the public at large; WHEREAS, this Ordinance includes the reenactment of modifications that were originally enacted prior to September 30, 2025 and any associated findings supporting their initial enactment and accounting for the entirety of the administrative record; WHEREAS, newer electrical code requirements for dedicated circuitry, together with evolving product manufacturer safety standards, and newer code provisions for Arc-Fault and GroundFault protection (AFCI and GFCI), align with the State of California’s electrification goals and the City of Campbell’s General Plan;
WHEREAS, Campbell experiences sustained seasonal temperatures above 82°F, with periodic extreme heat events exceeding 100°F, necessitating the increased use and installation of HVAC systems that place higher demands on existing electrical infrastructure; WHEREAS, the State of California continues to experience catastrophic wildfire events, worsened by climate change and prolonged drought, which have resulted in the loss of lives, homes, and access to affordable homeowners’ insurance;
WHEREAS, homeowners increasingly seek to add electrical circuitry for solar photovoltaic (PV) systems, electric vehicle charging stations (EVCS), and energy storage systems (ESS), Item 7.7
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in alignment with the greenhouse gas policies of the City’s General Plan, which was adopted on April 18, 2023;
WHEREAS, the majority of Campbell’s housing stock was constructed prior to modern electrical and HVAC standards, leading to widespread use of outdated and undersized electrical panels incompatible with current electrical demands and safety requirements; WHEREAS, historically, main electrical panels were sized by load rather than by wire and breaker fill capacity, and electrical inspectors have regularly observed violations of California Electrical Code Section 314.16 in existing main panels, thereby creating potential fire and safety compromises;
WHEREAS, any permit to add additional wiring, breakers, or devices into an existing electric panel is required to submit a wire fill calculation per CA Electrical Code Article 314 and accepting that few applicants can correctly produce the calculation will have an option to simply increase the size of the main panel to 200amp, thereby providing room for the additional wires, dedicated breakers, ground fault and arc fault protections and future expansion of the electrical system;
WHEREAS, any permit involving the addition of wiring, breakers, or devices to an existing electrical panel is required to include a wire fill calculation in accordance with California Electrical Code Article 314;
WHEREAS, recognizing that few applicants are able to accurately prepare this calculation, applicants may instead elect to upgrade the main electrical panel to a 200-amp capacity, providing sufficient space for additional wiring, dedicated breakers, ground-fault and arc-fault protection, and future system expansion;
WHEREAS, overloading of electrical panels due to added HVAC units, Ground Fault and Arc Fault Circuit Interrupter (GFCI/AFCI) requirements, electric vehicle chargers, and solar photovoltaic systems presents a significant fire risk and hazard to public safety; WHEREAS, the California Electrical Code sets strict limits on wire-fill and breaker configurations in electrical panels, and most residential applicants lack the technical expertise to complete code-compliant calculations, increasing the risk of unsafe installations; WHEREAS, the City’s proposed Title 18, Chapter 18.16 amendment will streamline permit review and improve safety outcomes by allowing specified electrical upgrades without requiring wire-fill calculations when certain thresholds and safeguards are met; WHEREAS, Campbell is not currently located in a State Responsibility Area (SRA) or designated as a high-fire severity zone, and thus is not required to adopt the WUI Code, yet voluntary adoption of WUI standards supports proactive home hardening, resilience, and fire insurance retention;
WHEREAS, the proposed Title 18, Chapter 18.03 amendment enables residents and developers to utilize the WUI Code as a reference guide for voluntary fire protection upgrades, thereby promoting community resilience and potentially reducing long-term disaster recovery costs;
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WHEREAS, a study by the National Institute of Building Sciences (NIBS) found that every $1 invested in implementing wildfire resilience measures can yield up to $8 in avoided losses, demonstrating the cost-effectiveness of proactive home hardening; WHEREAS, the proposed Ordinance includes findings that demonstrate the necessity of the local amendments due to local climatic conditions, such as heat, fire risk, and building electrification trends, and will be submitted to the California Building Standards Commission for validation;
WHEREAS, the proposed amendments are not anticipated to significantly increase construction costs and instead aim to clarify administrative policy, improve public safety, streamline permitting, and ensure long-term code compliance; WHEREAS, the City has made the required findings for any proposed local amendments to the 2025 code, as reasonably necessary because of local climatic, geological, or topographical conditions (or other categories permitted by law), and these findings are on the record; and
WHEREAS, the City Council finds that adoption of the 2025 California Building Standards Code (with the specified local amendments) is in the public interest and will serve to protect the public health, safety, welfare, property, environment and accessibility of persons with disabilities within the City.
After careful consideration of all evidence presented and a full review of the administrative record, the City Council of the City of Campbell hereby ordains as follows:
SECTION 1. Section 1.01.010 (Adoption—Incorporated codes) of Title 1 (General Provisions) of the Campbell Municipal Code is hereby deleted and replaced in its entirety as follows with underlining (underlining) indicating new text:
1.01.010 Adoption—Incorporated codes.
Pursuant to Government Code Sections 50022.1 through 50022.8 and 50022.10, the City Council may adopt by reference, in whole or in part, any code, standard, or set of regulations published by the federal government, the State of California, or a nationally recognized organization. Such codes, together with any volumes, appendices, supplements, errata, amendments, successor provisions, or other ancillary materials identified in the adopting ordinance, shall become part of this Code upon adoption, except as deleted, modified, or amended by the provisions of the “Campbell Municipal Code, Revised”.
From and after the effective date of the ordinances codified in this section, the “Campbell Municipal Code, Revised,” shall constitute the current penal and regulatory ordinances of the City of Campbell.
SECTION 2. Section 1.08.040 (Persons authorized to issue citations) of Title 1 (General Provisions) of the Campbell Municipal Code is hereby amended to read as follows with underlining (underlining) indicating new text and strikeouts (strikeouts) indicating deleted text:
1.08.040 Persons authorized to issue citations.
Persons authorized to issue citations: The chief of police or any police officer, the chief of the fire department, the Building Official, the city building inspector, the city engineer, or any person designated by the city manager as an Item 7.7
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enforcement officer of the city may make arrests and issue citations for violation of the municipal code, revised, or ordinances of the city, as provided in this chapter.
SECTION 3. Section 5.01.140 (Safety inspection required.) is hereby added to Title 5 (Business Licenses and Regulations) of the Campbell Municipal Code of the Campbell Municipal Code as set forth below with underlining (underlining) indicating new text.
5.01.140 Safety inspection required.
A safety inspection by the Building Division shall be required to review ingress/egress, life safety, and accessibility conditions when any one of the following occur:
A. A complete, 100%, change of ownership;
B. A change in occupancy type; or
C. A change in the type of business.
SECTION 4. Title 17 (Fire Protection) of the Campbell Municipal Code is hereby amended to read as follows with underlining (underlining) indicating new text and strikeouts (strikeouts) indicating deleted text.
Title 17
FIRE PROTECTION
Chapter 17.04 INTERNATIONAL CALIFORNIA FIRE CODE
17.04.010 Adoption of the 202522 California Fire Code and 2021 International Fire Code.
That certain code known as the 202522 California Fire Code and also the 2021 International Fire Code including along with appendix Chapters B, C, D, and P O and the whole thereof are adopted by the city for the purpose of prescribing regulations governing conditions hazardous to life and property from fire or explosion, save and except such portions as are hereinafter deleted, modified or amended by this chapter, of which one copy has been filed for use and examination by the public in the office of the city building official and the city fire chief and the same adopted and incorporated as fully as if set out at length herein, and from the date on which the ordinance codified in this chapter shall take effect, the provision thereof shall be controlling within the limits of the city.
17.04.042 Establishment of limits of districts in which storage of Class I and II liquids in outside aboveground tanks is prohibited.
The limits referred to in Section 5704.2.9.6.1 of the California Fire Code, in which the storage of Class I and II liquids in aboveground tanks is prohibited are established as all locations of the city of Campbell that are residential or congested commercial areas as determined by the fire code official. (Ord. No. 2175, § 2(Att. 5), 2-18-2014)
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17.04.044 Establishment of limits of districts in which storage of Class I and II liquids in aboveground tanks is prohibited.
The limits referred to in Section 5706.2.4.4 of the California Fire Code, in which the storage of Class I and II liquids in aboveground tanks is prohibited are established as all locations of the city of Campbell that are residential or other locations as determined by the fire code official.
(Ord. No. 2175, § 2(Att. 5), 2-18-2014)
17.04.046 Establishment of limits of districts in which the storage of stationary tanks of flammable cryogenic fluids are to be prohibited.
The geographic limits referred to in Section 5806.2 of the California Fire Code in which the storage of flammable cryogenic fluids in stationary containers is prohibited are established as all locations of the city of Campbell which are residential and congested commercial areas as determined by the fire code official. (Ord. No. 2175, § 2(Att. 5), 2-18-2014)
17.04.048 Establishment of limits in which storage of liquefied petroleum gases is prohibited.
The limits referred to in Section 6104.2 of the California Fire Code, in which storage of liquefied petroleum gas is restricted, are established as all locations of the city of Campbell that are residential or congested commercial areas.
Exceptions: LPG may be used for industrial operations or when natural gas would not provide a viable substitute for LPG. Portable containers for temporary heating and/or cooking uses may be permitted if stored and handled in accordance with this code. Facilities in commercial areas for refueling portable or mobile LPG containers may be approved by the fire code official on a case by case basis. (Ord. No. 2175, § 2(Att. 5), 2-18-2014)
17.04.060 Amendments to the International Fire Code and the California Fire Code.
The following sections of the 202521 International California Fire Code are amended to read as follows:
Chapter 1, Division II
ADMINISTRATION
SECTION 105 PERMITS
105.6.8 Compressed gases. An operational permit is required for the storage, use or handling at normal temperature and pressure (NTP) of compressed gases in excess of the amounts listed in Table 105.6.8.
Exceptions:
1. Vehicles equipped for and using compressed gas as a fuel for propelling the vehicle.
TABLE 105.5.9
PERMIT AMOUNTS FOR COMPRESSED GASES
TYPE OF GAS AMOUNT
(cubic feet at NTP)
Carbon dioxide used in carbon dioxide enrichment
systems
875 (100lb)
Carbon dioxide used in insulated liquid carbon dioxide
beverage dispensing applications
875 (100 lb)
Corrosive 200
Flammable (except cryogenic fluids and liquefied
petroleum gases)
200
Highly toxic Any Amount
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Moderately toxic Any Amount
Other Health Hazard Materials Any Amount
Inert and simple asphyxiant 6,000
Oxidizing (including oxygen) 504
Pyrophoric Any Amount
Toxic Any Amount
TABLE 105.5.22 6.20
PERMIT AMOUNTS FOR HAZARDOUS MATERIALS
TYPE OF MATERIAL AMOUNT
Combustible liquids See Section 105.56.1816
Corrosive materials
Gases See Section 105.56.98
Liquids 55 gallons
Solids 500 pounds
Explosive materials See Section 105.56.1614
Flammable materials
Gases See Section 105.56.98
Liquids See Section 105.56.1816
Solids 100 pounds
Highly toxic materials
Gases See Section 105.56.98
Liquids Any Amount
Solids Any Amount
Moderately toxic materials
Gases See Section 105.56.98
Other health hazard materials
Gases See Section 105.56.98
Liquids 55 gallons
Solids 500 pounds
Oxidizing materials
Gases See Section 105.56.98
Liquids
Class 4 Any Amount
Class 3 1 gallona
Class 2 10 gallons
Class 1 55 gallons
Solids
Class 4 Any Amount
Class 3 10 poundsb
Class 2 100 pounds
Class 1 500 pounds
Organic peroxides
Liquids
Class I Any Amount
Class II Any Amount
Class III 1 gallon
Class IV 2 gallons
Class V No Permit Required
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Solids
Class I Any Amount
Class II Any Amount
Class III 10 pounds
Class IV 20 pounds
Class V No Permit Required
Pyrophoric materials
Gases Any Amount
Liquids Any Amount
Solids Any Amount
Toxic materials
Gases See Section 105.56.98
Liquids 10 gallons
Solids 100 pounds
Unstable (reactive) materials
Liquids
Class 4 Any Amount
Class 3 Any Amount
Class 2 5 gallons
Class 1 10 gallons
Solids
Class 4 Any Amount
Class 3 Any Amount
Class 2 50 pounds
Class 1 100 pounds
Water-reactive materials
Liquids
Class 3 Any Amount
Class 2 5 gallons
Class 1 55 gallons
Solids
Class 3 Any Amount
Class 2 50 pounds
Class 1 500 pounds
For SI: 1 gallon = 3.785 L, 1 pound = 0.454 kg.
a. 20 gallons when Table 5003.1.1(1) Note k applies and hazard identification signs in accordance with Section 5003.5 are provided for quantities of 2220 gallons or less. b. 200 pounds when Table 5003.1.1(1) Note k applies and hazard identification signs in accordance with Section 5003.5 are provided for quantities of 220200 pounds or less. 105.56.6052 Day care facility. A fire clearance n operational permit is required to operate a business as a day care facility for more than 6 people, even when no operational permit is required. 105.56.6153 Institutional. An operational permit is required to operate any health facility as defined in Section 1250 of the California Health and Safety Code, with an occupant load of more than six (6) persons, or to operated any jail or facility where personal liberties of the occupants are restrained.
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105.562 Residential Care Facility. An operational permit is required to operate any residential care or service facility for the chronically ill or for the elerly, as described in the California Building Code, accommodating more than six (6) persons.
A permit is required to operate, maintain, or use any institutional type occupancy. For the purpose of this Section, an institution shall be, but is not limited to: hospitals, children's home, home or institution for insane or mentally retarded persons, home or institution for the care of aged or senile persons, sanitarium, nursing or convalescent home, certified family care homes, residential care homes for the elderly, out of home placement facilities, halfway house, and day care nurseries or similar facility of any capacity.
105.67.34 Compressed gases. A construction permit is required to install any piped distribution system for compressed gases, or to install a non-flammable medical gas manifold system. A construction permit is required to install, repair damage to, abandon, remove, place temporarily out of service, close or substantially modify a compressed gas system.
Exceptions:
1. Routine maintenance.
2. For emergency repair work performed on an emergency basis, application for permit shall be made within two working days of commencement of work.
The permit applicant shall apply for approval to close storage, use or handling facilities at least 30 days prior to the termination of the storage, use or handling of compressed or liquefied gases. Such application shall include any change or alteration of the facility closure plan. This 30-day period may be waived by the chief if there are special circumstances requiring such waiver.
105.67.45 Cryogenic fluids. A construction permit is required for installation of or alteration to cryogenic fluid storage systems where the system capacity exceeds the amounts listed in Table 105.56.11. Maintenance performed in accordance with this code is not considered an alteration and does not require a construction permit.
SECTION 109107 INSPECTIONS
1097.5 Final inspection. No final inspection as to all or any portion of a development shall be deemed completed until the installation of the required fire protection facilities and access ways have been completed and approved. No final certificate of occupancy may be granted until the Fire Department issues notice of final clearance of such fire protection facilities and access ways to the Building Department.
SECTION 112109 BOARD OF APPEALS
112109.1 Appeals. Appeals shall be in accordance with Section 17.80.010 of the Campbell Municipal Code.
SECTION 113110 VIOLATIONS
Section 113110.4 is amended to read:
113110.4 Violation penalties. See Section 17.70.010 of the Campbell Municipal Code. (Note: 17.70.010 refers to Article 3 of the Uniform Fire Code. Ord. 1693 § 10, 1988)
SECTION 202 GENERAL DEFINITIONS
CORROSIVE LIQUID. Corrosive liquid is
1. any liquid which, when in contact with living tissue, will cause destruction or irreversible alteration of such tissue by chemical action; or
2. any liquid having a pH of 2 or less or 12.5 or more; or
3. any liquid classified as corrosive by the U.S. Department of Transportation; or and
4. any material exhibiting the characteristics of corrosivity in accordance with Title 22, California Code of Regulations § 66261.22.
LARGE-SCALE FIRE TESTING. Testing a representative energy storage system that induces a significant fire into the device under test and evaluates whether the fire will spread to adjacent energy storage system units, surrounding equipment, or through an adjacent fire-resistance-rated barrier.
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MINIMUM THRESHOLD QUANTITY. Minimum threshold quantity is the aggregate of highly toxic, toxic or moderately toxic gases in a control area which, due to the minimum aggregate quantities, need only comply with the requirements set forth in Section 6004.1
MODERATELY TOXIC GAS. A chemical or substance that has a median lethal concentration (LC50) in air more than 2000 parts per million but not more than 75005000 parts per million by volume of gas or vapor, when administered by continuous inhalation for an hour, or less if death occurs within one hour, to albino rats weighing between 200 and 300 grams each.
OTHER HEALTH HAZARD – OTHER.MATERIAL is Aa hazardous material which affects target organs of the body, including but not limited to, those materials which produce liver damage, kidney damage, damage to the nervous system, act on the blood to decrease hemoglobin function, deprive the body tissue of oxygen or affect reproductive capabilities, including mutations (chromosomal damage), sensitizers or teratogens (effect on fetuses).
SECONDARY CONTAINMENT. Secondary containment is that level of containment that is external to and separate from primary containment and is capable of safely and securely containing the material, without discharge, for a period of time reasonably necessary to ensure detection and remedy of the primary containment failure.
SPILL CONTROL. That level of containment that is external to and separate from the primary containment and is capable of safely and securely containing the contents of the largest container and prevents the materials from spreading to other parts of the room.
WORKSTATION is a defined space or an independent principal piece of equipment using flammable or unstable (Class 3 or 4 as ranked by NFPA 704) hazardous materials where a specific function, laboratory procedure or research activity occurs. Approved or listed hazardous materials storage cabinets, flammable liquid storage cabinets or gas cabinets serving a workstation are included as part of the workstation. A workstation is allowed to contain ventilation equipment, fire protection devices, electrical devices, and other processing and scientific equipment.
Chapter 3
GENERAL PRECAUTIONS AGAINST FIRE
SECTION 316 HAZARDS TO FIREFIGHTERS BUILDING STANDARD
316.7 Roof guardrails at interior courts. Roof openings into interior courts that are bounded on all sides by building walls shall be protected with guardrails. The top of the guardrail shall not be less than 42 inches in height above the adjacent roof surface that can be walked on. Intermediate rails shall be designed and spaced such that a 12-inch diameter sphere cannot pass through.
Exception: Where the roof opening is greater than 600 square feet in area.
SECTION 504 ACCESS TO BUILDING OPENINGS AND ROOFS
BUILDING STANDARDS
504.5 Access control devices. When access control devices including bars, grates, gates, electric or magnetic locks or similar devices, which would inhibit rapid fire department emergency access to or within the building are installed, such devices shall be approved by the fire code official. All electrically powered access control devices shall be provided with an approved means for deactivation or unlocking from a single location or otherwise approved by the fire code official.
Access control devices must shall also comply with Chapter 10 Means of Egress.
SECTION 505 PREMISES IDENTIFICATION
505.1 Address identification. New and existing buildings shall be provided with approved address identification. The shall be provided with approved address identification. The address identification shall be legible and placed in a position that is visible from the street or road fronting the property. Address identification characters shall contrast with their background. Address numbers shall be Arabic numbers or alphabetical letters. Numbers shall not be spelled out.
Each character shall be not less than 6 inches (102153 mm) high with a minimum stroke width of ½ inch (12.7 mm).
Where required by the fire code official, address identification shall be provided in additional approved locations to facilitate emergency response. Where access is by means of a private road and the building cannot be viewed from the public way, a monument, pole or other sign or means shall be used to identify the structure. Address identification shall be maintained.
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The following is a guideline for adequate address number dimensions:
1. The number posted up to 49 feet from the public street shall be of one solid color which is contrasting to the background and be at least six (6) inches high with a half (½) inch stroke.
2. The number posted from 50 to 100 feet from the public street shall be of one solid color which is contrasting to the background and be at least six (6) inches high with a one (1) inch stroke.
3. The number posted over 100 to 199 feet from the public street shall be of one solid color which is contrasting to the background and be at least ten (10) inches high with a one and a half (1½) inch stroke.
4. The number posted over 200 to 299 feet from the public street shall be of one solid color which is contrasting to the background and be at least eighteen ten (1810) inches high with a two one and a half (21½) inch stroke.
5. The number posted over 300 to 400 feet from the public street shall be of one solid color which is contrasting to the background and be at least twenty-four ten (2410) inches high with a two one and a half (21½) inch stroke.
SECTION 510 EMERGENCY RESPONDER COMMUNICATION ENHANCEMENT SYSTEMS RADIO COVERAGE
BUILDING STANDARDS
510.1 Emergency responder communications enhancement systems radio coverage in new buildings. Approved inbuilding emergency responder communications enhancement system (ERCES)radio coverage for emergency responders shall be provided within all buildings meeting any one of the following conditions:
1. There are more than 3 stories above grade plane (as defined by the Building Code Section 202);
2. The total building area is 30,000 square feet or more;
3. The total basement area is 5,000 square feet or more;
4. Where required by the fire code official and radio coverage signal strength levels are not consistent with the minimum levels set forth in Section 510.4.1
Exceptions:
1. Where approved by the fire code official, a wired communication system in accordance with Section 907.2.13.2 shall be permitted to be installed or maintained in lieu of an approved radio coverage system.
2. Where it is determined by the fire code official that the radio coverage system is not needed.
3. In facilities where emergency responder communicationsradio coverage is required and such systems, components or equipment required could have a negative impact on the normal operations of that facility, the fire code official shall have the authority to accept an automatically activated emergency responder communicationsradio coverage system.
4. Buildings and areas of buildings that have minimum radio coverage signal strength levels of the Silicon Valley Regional Interoperability Authority (SVRIA) P25 Phase 2 700 MHz Digital Trunked Radio System within the building in accordance with Section 510.4.1 without the use of an indoor radio coverage system.
The radio coverage system shall be installed and maintained in accordance with Sections 510.4 through 510.6.4 of this code and with the applicable provisions of NFPA 12251221, Standard for Emergency Services Communications Standard for the Installation, Maintenance and Use of Emergency Services Communications Systems.
In-building ERCES within the building The coverage shall be based upon the existing coverage levels of the public safety communication systems utilized byof the jurisdiction, measured at the exterior of the building. The ERCES, where required, shall be of a type determined by the fire code official and the frequency license holder(s). This section shall not require improvement of the existing public safety communication systems. 510.1.1 Obstruction by new buildings. No obstruction of the public safety system backhaul shall be allowed without an approved mitigating plan.
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510.3 Permit required. A construction permit, for the installation of, or modification to of, in-building emergency responder communications enhancementradio coverage systems and related equipment is required as specified in Section 105.6.54. Maintenance performed in accordance with this code is not considered a modification and does not require a permit. A frequency change made to an existing system is considered to be new construction and will require a construction permit.
510.4 Technical requirements. Systems, components and equipment required to provide in-building the emergency responder communications enhancement radio coverage system shall be listed in accordance with UL 2524 and shall comply with the current Emergency Responders Communications Enhancement Radio Coverage Systems Standard Details & Specification enforced by the Santa Clara County Fire Department. Systems, components and equipment required to provide the in-building emergency responder communications enhancement system shall comply with Sections 510.4.1 through 510.4.2.8.
510.4.1.1 Minimum signal strength into the building. The minimum inbound signal strength shall be sufficient to provide usable voice communications throughout the coverage area as specified by the fire code official. The inbound signal level shall be sufficient to provide not less than a Delivered Audio Quality (DAQ) of 3.0 for analog communications and DAQ of 3.4 for digital communications systems or an equivalent Signal-to-Interference-Plus-Noise Ratio (SINR) applicable to the technology.
510.4.1.2 Minimum signal strength out of the building. The minimum outbound signal strength shall be sufficient to provide usable voice communications throughout the coverage area as specified by the fire code official. The outbound signal level shall be sufficient to provide not less than a DAQ of 3.0 for analog communications and DAQ of 3.4 for digital communications systems or an equivalent SINR applicable to the technology. 510.4.2 System Design. The in-building emergency responder communications enhancement system shall be designed in accordance with Sections 510.4.2.1 through 510.4.2.8, and NFPA 1225, and the current Emergency Responder Communications Enhancement Systems Standard Details & Specification enforced by the Santa Clara County Fire Department.
510.5 Installation requirement. The installation of the in-building emergency responder communications enhancement radio coverage system shall be in accordance with NFPA 1225 1221 and the current Emergency Responder Radio Coverage Systems Standard Details & Specification enforced by the Santa Clara County Fire Department, and Sections 510.5.2 through 510.5.5.
510.5.2 Approval prior to installation. Communications enhancement Amplification systems capable of operating on frequencies licensed to any public safety agency by the FCC or other radio licensing authority shall not be installed without prior coordination and approval of the fire code official and the agency FCC license holder or systems administrator.
510.5.43 Acceptance test procedure. Where an in-building emergency responder communications enhancement radio coverage system is required, and upon completion of installation, the building owner shall have the radio system tested to verify that two-way coverage on each floor of the building is not less than 95 percent. Final system acceptance will require ERRCS power level and DAQ testing with agency FCC license holder, systems administrators, or designee.
Chapter 6
BUILDING SERVICES AND SYSTEMS
SECTION 603 ELECTRICAL EQUIPMENT, WIRING AND HAZARDS
603.11 Immersion heaters. All electrical immersion heaters used in dip tanks, sinks, vats and similar operations shall be provided with approved over-temperature controls and low liquid level electrical disconnects. Manual reset of required protection devices shall be provided.
SECTION 605 FUEL-FIRED APPLIANCES
605.5.2.1.1 Prohibited locations. The storage or use of portable outdoor gas-fired heating appliances is prohibited in any of the following locations:
1. Inside of any occupancy where connected to the fuel gas container.
2. Inside of tents, canopies and membrane structures.
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3. On exterior balconies, and rooftops.
SECTION 806 NATURAL DECORATIVE VEGETATION IN NEW AND EXISTING BUILDINGS SECTION 903 AUTOMATIC SPRINKLER SYSTEMS
SECTION 907 FIRE ALARM AND DETECTION SYSTEMS
SECTION 1202 DEFINITIONS
BATTERY SYSTEM, STATIONARY STORAGE.
BATTERY TYPES.
CAPACITOR ENERGY STORAGE SYSTEM.
CRITICAL CIRCUIT.
EMERGENCY POWER SYSTEM.
ENERGY STORAGE MANAGEMENT SYSTEMS.
ENERGY STORAGE SYSTEM (ESS).
ENERGY STORAGE SYSTEM, ELECTROCHEMICAL.
ENERGY STORAGE SYSTEM, MOBILE.
ENERGY STORAGE SYSTEM, WALK-IN UNIT.
ENERGY STORAGE SYSTEM CABINET.
ENERGY STORAGE SYSTEM COMMISSIONING.
ENERGY STORAGE SYSTEM DECOMMISSIONING.
FUEL CELL POWER SYSTEM, STATIONARY.
LARGE-SCALE FIRE TESTING.
PORTABLE GENERATOR.
STANDBY POWER SYSTEM.
SECTION 1207 ELECTRICAL ENERGY STORAGE SYSTEMS (ESS).
BUILDING STANDARDS
1207.1.75 Large-scale fire test. Where required elsewhere in Section 1207, large-scale fire testing shall be conducted in accordance with NFPA 855 as amended, and UL 9540A. The testing shall be conducted or witnessed and reported by an approved testing laboratory and show that a fire involving one ESS will not propagate to an adjacent ESS, and where installed within buildings, enclosed areas and walk-in units will be contained within the room, enclosed area or walk-in unit for a duration equal to the fire-resistance rating of the room separation specified in Section 1207.7.4. The test report shall be provided to the fire code official for review and approval in accordance with Section 104.28.2. 1207.2.2.1 Ongoing inspection and testing. Systems that monitor and protect the ESS installation shall be inspected and tested in accordance with the manufacturer's instructions and the operation and maintenance manual. Inspection and testing records shall be maintained in the operation and maintenance manual, and made available to the fire code official upon request.
1207.5.2 Maximum allowable quantities. Fire areas within rooms, areas and walk-in units containing electrochemical ESS shall not exceed the maximum allowable quantities in Table 1207.5. The allowable number of fire areas, maximum allowable quantity, and fire-resistance rating of fire-barriers shall comply with Table 1207.5.1.
Exceptions:
Item 7.7
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Where approved by the fire code official, rooms, areas and walk-in units containing electrochemical ESS that exceed the amounts in Table 1207.5 shall be permitted based on a hazardous mitigation analysis in accordance with Section 1207.1.64 and large-scale fire testing complying with Section 1207.1.75.
1. Lead-acid and nickel-cadmium battery systems installed in facilities under the exclusive control of communications utilities and operating at less than 50 VAC and 60 VDC in accordance with NFPA 76.
2. Dedicated-use buildings in compliance with Section 1207.7.1.
TABLE 1207.5.1
DESIGN AND NUMBER OF ESS FIRE AREAS
STORY PERCENTAGE OF
MAXIMUM
ALLOWABLE
QUANTITY PER FIRE
AREA
NUMBER OF FIRE
AREAS PER STORY
FIRE-RESISTANCE
RATING FOR FIRE
BARRIERS IN HOURS
Above grade plan Higher than 9
7—9
6 5
4 3
2 1
25 50
50 50
75 100
100
100
1 2
2 2
4 6
6 6
3 2
2 2
2 2
2 2
Below grade plan 1
2 Lower than 2
100
50 Not Allowed
4 2
Not Allowed
3 3
Not Allowed
1207.5.5 Fire suppression systems. Rooms and areas within buildings and walk-in units containing electrochemical ESS shall be protected by an automatic fire suppression system designed and installed in accordance with one of the following:
1. An a Automatic sprinkler systems designed and installed in accordance with Section 903.3.1.1 for ESS units (groups) with a maximum stored energy capacity of 50 kWh, as described in Section 1207.5.1, shall be designed with a minimum density of 0.3 gpm/ft2 (1.14 L/min) based over the area of the room on the fire area or 2,500 square-foot (232 m2) design area, whichever is larger, unless a lower density is approved based on large-scale fire testing in accordance with Section 1207.1.7.
2. Where approved, an a Automatic sprinkler systems designed and installed in accordance with Section 903.3.1.1 for ESS units (groups) exceeding 50 kWh shall use a density with a sprinkler hazard classification based on large-scale fire testing complying with Section 1207.1.75.
Chapter 33
FIRE SAFETY DURING CONSTRUCTION AND DEMOLITION
SECTION 33035 ADMINISTRATIVE SAFETY CONTROLS PRECAUTIONS AGAINST FIRE 3303 5.5 Fire watch. Where required by the fire code official or the site safety plan established in accordance with Section 3303.1, a fire watch shall be provided for building demolition and for building construction. Fire watch is not intended to facilitate occupancy during ongoing construction in a new building. 3303.7 5.104.9 Fire walls. When firewalls are required in combustible construction, the wall construction shall be completed (with all openings protected) immediately after the building is sufficiently weather-protected at the location of the wall(s).
SECTION 330711 FIRE DEPARTMENT SITE ACCESS AND WATER SUPPLY ACCESS FOR FIRE FIGHTING 3307 11.1 Required access. Approved vehicle access for firefighting shall be provided to all construction or demolition sites. Vehicle access shall be provided to within 100 feet (30 480 mm) of temporary or permanent fire department connections. Vehicle access shall be provided by either temporary or permanent roads, capable of supporting vehicle Item 7.7
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loading under all weather conditions. Vehicle access shall be maintained until permanent fire apparatus access roads are available.
3307.1.2 Stairways Required. Each level above the first story in multi-story buildings that require two exit stairways shall be provided with at least two usable exit stairways after the floor decking is installed. The stairways shall be continuous and discharge to grade level. Stairways serving more than two floor levels shall be enclosed (with openings adequately protected) after exterior walls/windows are in place. Exit stairs in new and in existing, occupied buildings shall be lighted and maintained clear of debris and construction at all times.
Exception: For multi-story buildings, one of the required exit stairs may be obstructed on not more than two contiguous floor levels for the purposes of stairway construction (i.e., installation of gypsum board, painting, flooring, etc.). 3307.1.4 Required Means of Egress. All buildings under construction shall have at least one unobstructed means of egress. All means of egress shall be identified in the written site safety plan as required by Section 3303.1. 3307.6 11.1.1 Fire Department Access Roadways: All construction sites shall be accessible by fire department apparatus by means of roadways having an all-weather driving service of not less than 20 feet of unobstructed width. The roads shall have the ability to withstand the live loads of fire apparatus, and have a minimum 13 feet 6 inches of vertical clearance. Dead end fire access roads in excess of 150 feet in length shall be provided with approved turnarounds.
When approved by the Fire Code Official, temporary access roadways may be utilized until such time that the permanent roadways are installed. As a minimum, the roadway shall consist of a compacted sub base and six (6) inches of road base material (Class 2 aggregate base rock) both compacted to a minimum 95% and sealed. The perimeter edges of the roadway shall be contained and delineated by curb and gutter or other approved method. The use of geotextile reinforcing fabric underlayment or soils lime-treatment may be required as determined by the project civil engineer. Provisions for surface drainage shall also be provided where necessary. The integrity of the roadway shall be maintained at all times.
SECTION 3312 MEANS OF EGRESS
BUILDING STANDARD
3312.1 Stairways required. Each level above the first story in multi-story buildings that require two exit stairways shall be provided with at least two usable exit stairways after the floor decking is installed. The stairways shall be continuous and discharge to grade level. Stairways serving more than two floor levels shall be enclosed (with openings adequately protected) after exterior walls/windows are in place. Exit stairs in new and in existing, occupied buildings shall be lighted and maintained clear of debris and construction materials at all times.
Exception: For multi-story buildings, one of the required exit stairs may be obstructed on not more than two contiguous floor levels for the purposes of stairway construction (i.e., installation of gypsum board, painting, flooring, etc.).
Section 3312.4 Required means of egress. All buildings under construction shall have at least one unobstructed means of egress. All means of egress shall be identified in the written fire safety plan as required by Section 3303.1.
SECTION 3313 COMPLETION BEFORE OCCUPANCY
SECTION 3315 AUTOMATIC FIRE SPRINKLER SYSTEM
3313 5.1 Completion before occupancy. In buildings where an automatic sprinkler system is required by this code or the California Building Code, it shall be unlawful to occupy any portion of a building or structure until the automatic sprinkler system installation has been tested and approved.
In new buildings of combustible construction, where automatic fire sprinkler systems are required to be installed, the system shall be placed in service as soon as possible. Immediately upon the completion of sprinkler pipe installation on each floor level, the piping shall be hydrostatically tested and inspected. After inspection approval from the fire department, each floor level of sprinkler piping shall be connected to the system supply riser and placed into service with all sprinkler heads uncovered. Protective caps may be installed on the active sprinklers during the installation of drywall, texturing and painting, but shall be removed immediately after this work is complete. For system activation notification, an exterior, audible waterflow alarm shall be installed and connected to the sprinkler waterflow device prior to installation of the monitoring system.
Item 7.7
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For buildings equipped with fire sprinkler systems that are undergoing alterations, the sprinkler system(s) shall remain in service at all times except when system modifications are necessary. Fire sprinkler systems undergoing modifications shall be returned to service at the end of each workday unless otherwise approved by the fire department. The general contractor or his/her designee shall check the sprinkler control valve(s) at the end of each workday to confirm that the system has been restored to service.
CHAPTER 41
TEMPORARY HEATING AND COOKING OPERATIONS
4103.1 Portable unvented heaters. Portable unvented fuel-fired heating equipment shall be prohibited in occupancies in Groups A, B, E, I, R-1, R-2, R2.1, R2.2, R-3, R3.1 and R-4 and ambulatory care facilities.
Exceptions:
1. Portable unvented fuel-fired heaters listed in accordance with UL 647 are permitted to be used in one and twofamily dwellings, where operated and maintained in accordance with the manufacturer’s instructions.
2. Portable outdoor gas-fired heating appliances in accordance with Section 605.5.2. 4103.1.2.1.1 Prohibited locations. The storage or use of portable outdoor gas-fired heating appliances is prohibited in any of the following locations:
1. Inside of any occupancy where connected to the fuel gas container.
2. Inside of tents, canopies and membrane structures.
3. On exterior balconies, and rooftops.
SECTION 4106 IMMERSION HEATERS
4106.1 Immersion Heaters. All electrical immersion heaters used in dip tanks, sinks, vats and similar operations shall be provided with approved over-temperature controls and low liquid level electrical disconnects. Manual reset of required protection devices shall be provided.
Chapter 56
EXPLOSIVES AND FIREWORKS
5601.1.3 Fireworks. The possession, manufacture, storage, sale, handling, and use of fireworks are prohibited, including those fireworks classified as Safe and Sane by the California State Fire Marshal, are prohibited.
Exceptions: The use of fireworks for firework displays as allowed in Section 5608.
1. Storage and handling of fireworks as allowed in section 5604.
2. The use of fireworks for fireworks displays pyrotechnics before a proximate audience and pyrotechnics special effect in moth pictures, television, theatrical or group entertainment production as allowed in Title 19, Division 1, Chapter 6 Fireworks reprinted in Section 5608 and Health and Safety Code Division 11.
Chapter 57
FLAMMABLE AND COMBUSTIBLE LIQUIDS
SECTION 5704 STORAGE
5704.2.7.5.8 Overfill prevention. An approved means or method in accordance with Section 5704.2.9.7.5 shall be provided to prevent the overfill of all Class I, II and IIIA liquid storage tanks. Storage tanks in refineries, bulk plants or terminals regulated by Sections 5706.4 or 5706.7 shall have overfill protection in accordance with API 2350.
Exception: Outside aboveground tanks with a capacity of 1320 gallons (5000 L) or less need only comply with Section 5704.2.9.7.5 (Item 1, Sub-item 1.1).
An approved means or method in accordance with Section 5704.2.9.7.5 shall be provided to prevent the overfilling of Class IIIB liquid storage tanks connected to fuel-burning equipment inside buildings.
Exception: Outside aboveground tanks with a capacity of 1320 gallons (5000 L) or less need only comply with Section 5704.2.9.7.5 (Item 1, Sub-item 1.1).
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5704.2.7.5.9 Automatic and/or remote filling of tanks. Systems that remotely or automatically fill flammable or combustible liquid tanks shall be equipped with overfill protection, as approved by the fire code official, that sends an alarm signal to a constantly attended location and immediately stops the filling of the tank. The alarm signal and automatic shutoff shall be tested on an annual basis and records of such testing shall be maintained on-site for a period of five (5) years.
5704.2.9.6.1 Locations where above-ground tanks are prohibited. The storage of Class I and II liquids in above-ground tanks outside of buildings is prohibited are established as all locations of the city of Campbell, which are residential or congested commercial areas as determined by the fire code official. 5706.2.4.4 Locations where above-ground tanks are prohibited. The storage of Class I and II liquids in above-ground tanks is prohibited are established as all locations of the city of Campbell, which are residential or congested commercial areas as determined by the fire code official. 5707.3.3 Site plan. A site plan shall be developed for each location or area at which mobile fueling occurs. The site plan shall be in sufficient detail to indicate the following:
1. All buildings and structures.
2. Lot lines or property lines.
3. Electric car chargers.
4. Solar photovoltaic parking lot canopies.
5. Appurtenances on-site and their use or function.
6. All uses adjacent to the lot lines of the site.
7. Fueling locations.
8. Locations of all storm drain openings and adjacent waterways or wetlands.
9. Information regarding slope, natural drainage, curbing and impounding.
10. How a spill will be kept on the site property.
11. Scale of the site plan.
Chapter 58
GASES AND FLAMMABLE CRYOGENIC FLUIDS
SECTION 5809 MOBILE GASEOUS FUELING OF HYDROGEN-FUELED VEHICLES 5806.2 Limitations. The storage of flammable cryogenic fluids in stationary containers outside of buildings is prohibited are established as all locations of the city of Campbell, which are residential or congested commercial areas as determined by the fire code official.
5809.3.4 Site plan. For other than emergency roadside service, a site plan shall be developed for each location at which mobile gaseous hydrogen fueling occurs. The site plan shall be in sufficient detail to indicate; all buildings, structures, lot lines, property lines and appurtenances on site and their use and function, and the scale of the site plan.
Chapter 60
HIGHLY TOXIC, TOXIC AND MODERATELY TOXIC MATERIALS
SECTION 6001 GENERAL
6001.1 Scope. The storage and use of highly toxic, toxic and moderately toxic materials shall comply with this chapter.
Compressed gases shall also comply with Chapter 53.
Exceptions:
1. Display and storage in Group M and storage in Group S occupancies complying with Section 5003.11.
2. Conditions involving pesticides or agricultural products as follows:
Item 7.7
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2.1. Application and release of pesticide, agricultural products and materials intended for use in weed abatement, erosion control, soil amendment or similar applications when applied in accordance with the manufacturer's instruction and label directions.
2.2. Transportation of pesticides in compliance with the Federal Hazardous Materials Transportation Act and regulations thereunder.
2.3. Storage in dwellings or private garages of pesticides registered by the U.S. Environmental Protection Agency to be utilized in and around the home, garden, pool, spa and patio.
SECTION 6002 DEFINITIONS
6002.1 Definitions. The following terms are defined in Chapter 2:
CONTAINMENT SYSTEM.
CONTAINMENT VESSEL.
EXCESS FLOW VALVE.
HIGHLY TOXIC.
MODERYERLY TOXIC GAS
OZONE-GAS GENERATOR.
PHYSIOLOGICAL WARNING THRESHOLD.
REDUCED FLOW VALVE.
TOXIC.
6004.4.6. Emergency power. Emergency power shall be provided for the following systems in accordance with Section 1203604:
1. Exhaust ventilation system.
2. Treatment system.
3. Gas detection system.
4. Smoke detection system.
6004.4.6.1. Fail-safe systems. Emergency power shall not be required for mechanical exhaust ventilation and treatment systems where approved fail-safe systems are installed and designed to stop gas flow. 6004.4.7. Automatic fire detection system. An approved automatic fire detection system shall be installed in rooms or areas where highly toxic, toxic, and moderately toxic compressed gases are stored or used. Activation of the detection system shall sound a local alarm. The fire detection system shall comply with Section 907. 6004.4.8. Gas detection system. A gas detection system complying with Section 916 shall be provided to detect the presence of gas at or below the PEL or ceiling limit of the gas for which detection is provided.
Exceptions:
1. A gas detection system is not required for toxic and moderately toxic gases when the physiological warning threshold level for the gas is at a level below the accepted PEL for the gas.
2. A gas detection system is not required for highly toxic, toxic, and moderately toxic gases where cylinders, portable tanks, and all non-continuously welded connects are within a gas cabinet or exhausted enclosures.
6004.4.8.1. Alarms. The gas detection system shall initiate a local alarm and transmit a signal to an approved location. 6004.4.8.2. Shut off of gas supply. The gas detection system shall automatically close the shut off valve at the source on gas supply piping and tubing related to the system being monitored for whichever gas is detected.
Exception: Automatic shutdown is not required for highly toxic, toxic, and moderately toxic compressed gas systems where all of the following controls are provided:
1. Constantly attended / supervised.
2. Provided with emergency shutoff valves that have ready access.
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Chapter 80
REFERENCED STANDARD
NFPA
855-20: Standard for the Installation of Stationary Energy Storage Systems.
APPENDIX D
FIRE APPARATUS ACCESS ROADS
SECTION D103 MINIMUM SPECIFICATION
D103.2 Grade. The maximum grade of a fire department apparatus access road shall not exceed 15-percent, unless approved by the fire code official.
D103.3 Turning radius. The required turning radius of a fire apparatus access roads shall be a minimum of 30 inside, and a minimum of 50 outside.
D103.4 Dead ends. Dead-end fire apparatus access roads in excess of 150 feet (45 720 mm) shall be provided with width and turnaround provisions in accordance with Santa Clara County Fire Department apparatus access and turnaround standards Figure D103.1, as approved by the fire code official.
FIGURE D103.1 DEAD-END FIRE APPARATUS ACCESS ROAD TURNAROUND D103.6 Signs. Where required by the Fire Code Official, fire apparatus access roads shall be designated and marked as a fire lane as set forth in Section 22500.1 of the California Vehicle Code and the Santa Clara County Fire Department A-6 Standard. Signs shall have a minimum dimension of 12 inches (305 mm) wide by 18 inches (457 mm) high and have red letters on a white reflective background. Signs shall be posted on one or both sides of the fire apparatus road as required by Section D103.6.1 or D103.6.2.
Chapter 17.06 ABOVEGROUND HAZARDOUS MATERIALS STORAGE1
17.06.010—17.06.100 Reserved.
(a) No storage facility shall be abandoned.
(b) Storage facilities which are temporarily out of service, and are intended to be returned to use, must continue to be monitored and inspected.
(c) Any storage facility which is not being monitored and inspected in accordance with this chapter must be closed or removed in a manner approved by the city in accordance with Section 17.06.400. (d) Any person, firm or corporation having an interest, including a leasehold interest, in real property and having reason to believe that an abandoned storage facility is located upon such property shall make a reasonable effort to locate such storage facility within six months of the effective date of this chapter. (e) Whenever an abandoned storage facility is located, a plan for the closing or removing or the upgrading and permitting of such storage facility shall be filed within ninety days of its discovery. A closure plan shall conform to the standards specified in Section 17.06.400.
(Ord. 1862 § 6 (Exh. B)(part), 1992).
17.06.120—17.06.190 Reserved.
17.06.200 Short form HMMP-Minimal storage site
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(a) A facility shall qualify as a minimal storage site if the quantity of each hazardous material stored in one or more storage facilities in an aggregate quantity for the facility is five hundred pounds or less for solids, fifty-five gallons or less for liquids, or two hundred cubic feet or less at STP for compressed gases. (b) The applicant for a permit for a facility which qualifies as a minimal storage site may opt to file the short form hazardous materials management plan. Such plan shall include the following components:
(1) General application information;
(2) A simple line drawing of the facility showing the location of the storage facilities and indicating the hazard class or classes and physical state of the hazardous materials being stored and whether any of the material is a waste;
(3) The short form HMMP shall also include a carcinogen identification form which shall indicate the storage of any quantity of any carcinogen regulated under Title 8 of the California Code of Regulations, (a) A facility shall qualify as a minimal storage site if the quantity of each hazardous material stored in one or more storage facilities in an aggregate quantity for the facility is five hundred pounds or less for solids, fifty-five gallons or less for liquids, or two hundred cubic feet or less at STP for compressed gases. (b) The applicant for a permit for a facility which qualifies as a minimal storage site may opt to file the short form hazardous materials management plan. Such plan shall include the following components:
(1) General application information;
(2) A simple line drawing of the facility showing the location of the storage facilities and indicating the hazard class or classes and physical state of the hazardous materials being stored and whether any of the material is a waste;
(3) The short form HMMP shall also include a carcinogen identification form which shall indicate the storage of any quantity of any carcinogen regulated under Title 8 of the California Code of Regulations,
17.06.210—17.06.320 Reserved.
17.06.330 Permit.
Any person, firm or corporation which stores any hazardous material shall obtain and keep current a hazardous materials storage permit issued pursuant to this chapter. One such permit shall be issued for a single facility.
17.06.340—17.06.390 Reserved.
17.06.400 Additional approvals.
Any person, firm or corporation which stores any hazardous material shall obtain and keep current a hazardous materials storage permit issued pursuant to this chapter. One such permit shall be issued for a single facility.
17.06.410—17.06.720 Reserved.
Chapter 17.07 RESERVED
Chapter 17.08 RESERVED
Chapter 17.09 RESERVED
Chapter 17.26 RESERVED
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Chapter 17.54 WEED ABATEMENT
17.54.010 Weeds as public nuisance.
(a) No owner, agent, lessee or other person occupying or having charge or control of any building, lot or premises within the city shall permit weeds to remain upon the premises, or public sidewalks, or streets, or alleys between the premises and the centerline of any public street or alley. (b) "Weeds," as used in this chapter, means all weeds growing upon streets, alleys, sidewalks or private property in the city and includes any of the following:
(1) Weeds which bear or may bear seeds of a downy or wingy nature; (2) Weeds and indigenous grasses which may attain such large growth as to become, when dry, a fire menace to adjacent improved property;
(3) Weeds which are otherwise noxious or dangerous;
(4) Poison oak and poison ivy when the conditions of growth are such as to constitute a menace to the public health;
(5) Accumulations of garden refuse, cuttings and other combustible trash. (c) Every property owner shall remove or destroy such weeds from his property and in the abutting half of any street or alley between the lot lines as extended.
(Ord. 888 § l(part), 1973).
17.54.020 Resolution declaring nuisance.
Whenever any such weeds are growing upon any private property or properties or in any street or alley within the city, the council shall pass a resolution declaring the same to be a public nuisance and order the Community Development Director, or their designee, to give notice of the passage of such resolution as herein provided, stating therein that, unless such nuisance is abated without delay by the destruction or removal of such weeds, the work of abating such nuisance will be done by the city authorities or agency under contract with the city and the expense thereof assessed upon the lots and lands from which and/or in the front and rear of which, such weeds shall have been destroyed or removed. Such resolution shall fix the time and place for hearing any objections to the proposed destruction or removal of such weeds.
(Ord. 888 § 1(part), 1973).
17.54.030 Form of notice.
The notice provided for in Section 17.54.020 shall be substantially in the following form:
"NOTICE TO DESTROY WEEDS
NOTICE IS HEREBY GIVEN that on_______ (month), ___ (day), ___ (year) pursuant to the provisions of Section _______ of the Campbell Municipal Code, the City Council passed a resolution declaring that all weeds growing upon any private property or in any public street or alley, as defined in Section _______ of the Campbell Municipal Code, constitute a public nuisance, which nuisance must be abated by the destruction or removal thereof.
NOTICE IS FURTHER GIVEN that property owners shall without delay remove all such weeds from their property, and the abutting half of the street in front and alleys, if any, behind such property, and between the lot lines thereof as extended, or such weeds will be destroyed or removed and such nuisance abated by the City authorities, in which case the cost of such destruction or removal will be assessed upon the lots and lands from which, or from the front or rear of which, such weeds shall have been destroyed or removed; and such cost will constitute a lien upon such lots or lands until paid, and will be collected upon the next tax roll upon which general municipal taxes are collected. All property owners having any objections to the proposed destruction or removal of such weeds are hereby notified to attend a meeting of said City, to be held in the Council Chambers of the City Hall, City of Campbell, on_______ (month), ___ (day), ___ (year) at ___ o'clock P.M., when and where their objections will be heard and given due consideration.
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_______ (month), ___ (day), ___ (year)
17.54.040 Hearing.
At the time stated in the notice, the council shall hear and consider any and all objections to the proposed destruction or removal of such weeds and may continue the hearing from time to time. The council, by motion or resolution, shall allow or overrule any and all objections, if any, after which the council shall thereupon be deemed to have acquired jurisdiction to proceed and perform the work of destruction and removal of such weeds.
17.54.050 Order to abate nuisance.
The council shall by resolution order the Community Development Director, or their designee, to abate such nuisance, or cause the same to be abated, by having the weeds referred to destroyed or removed by cutting, discing, chemical spraying or any other method as may be determined by the city council; and the Community Development Director, or their designee, contracting agents or other representatives are expressly authorized to enter upon private property for that purpose. Any property owner shall have the right to destroy or remove such weeds himself or have the same destroyed or removed at his own expense, provided that such weeds shall have been removed prior to the arrival of the Community Development Director, or their designee, or duly authorized representatives to remove them.
17.54.060 Account and report of cost.
The Community Development Director, or their designee, shall keep an account of the cost of abating such nuisance and embody such account in a report and assessment list to the city council which shall be filed with the city clerk. Such report shall refer to each separate lot or parcel of land by description sufficient to identify such lot or parcel, together with the expense proposed to be assessed against each separate lot or parcel of land.
17.54.070 Notice of report.
The city clerk shall post a copy of such report and assessment list on the City bulletin board of City Hall, together with a notice of the filing thereof and of the time and place when and where it will be submitted to the city council for hearing and confirmation, notifying property owners that they may appear at such time and place and object to any matter contained therein. A like notice shall also be published twice in a newspaper of general circulation, published and circulated within the city. The posting and first publication of the notice shall be made and completed at least ten days before the time such report has been submitted to the city council. Such notice, as so posted and published, shall be substantially in the following form:
"NOTICE OF HEARING ON REPORT AND
ASSESSMENT FOR WEED ABATEMENT
NOTICE IS HEREBY GIVEN that on _______ (month), ___ (day), ___ (year)the Community Development Director, or their designee, of the City of Campbell filed with the City Clerk of said City a report and assessment on abatement of weeds within said City, copies of which are posted on the City bulletin board in the main lobby of City Hall.
NOTICE IS FURTHER GIVEN that _______ (month), ___ (day), ___ (year), at the ______(time) specified by the City Council, in the Council Chambers of said City, said report and assessment list will be presented to the City Council of said City for consideration and confirmation, and that any and all persons interested, having any objections to said report and assessment list, or to any matter or thing contained therein, may appear at said time and place and be heard.
Dated this _______ (month), ___ (day), ___ (year).
"
City Clerk of the City of Campbell
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17.54.080 Hearing and confirmation.
(a) At the time and place fixed for receiving and considering such report, the city council shall hear the same, together with any objections which may be raised by any of the property owners liable to be assessed for the work of abating such nuisance; and the Community Development Director, or their designee, shall attend such meeting with his record thereof; and, upon such hearing, the council may make such modifications in the proposed assessments therefor as it may deem necessary, after which such report and assessment list shall be confirmed by resolution.
(b) The amount of the cost of abating such nuisance upon, or in the front or rear of, the various lots or parcels of land respectively referred to in such report, shall constitute special assessments against such respective lots or parcels of land; and, after thus made and confirmed, shall constitute a lien on such property for the amount of such assessments until paid.
Chapter 17.70 PENALTY
17.70.010 Penalty.
(a) It is unlawful for any person, firm or corporation to violate any provision, or fail to comply with any mandatory requirement of this title. Except as otherwise provided in subsection (b) of this section, any entity violating any provision, or failing to comply with any mandatory requirement of this title is guilty of an infraction, and upon conviction shall be punished by a fine of not more than one hundred dollars. (b) Notwithstanding any provision to the contrary, any person, firm or corporation committing any act made unlawful pursuant to subsection (a) of this section shall be guilty of a misdemeanor and upon conviction shall be punished by a fine of not more than one thousand dollars and/or imprisonment of not more than six months, if any of the following circumstances exists:
(1) The violation was committed willfully or with knowledge of its illegality; (2) The violator does not cease or otherwise abate the violation after receiving notice of such violation; (3) The violator has previously been convicted of violating the same provision of this title within two years of the currently charged violation;
(4) The provision violated specifies that such violation shall be a misdemeanor; or (5) The provision violated is part of Article 3 of the Uniform Fire Code, as incorporated into this title. (c) Each person, firm or corporation violating any provision, or failing to comply with the mandatory requirements of this title shall be deemed guilty of a separate offense for each and every day during any portion of which any violation of any provision of this title is committed, continued, or permitted by such person, firm or corporation, and shall be punishable as provided in this section.
Chapter 17.80 APPEALS
Whenever the chief disapproves suitability of alternate materials or methods of construction, disapproves a permit applied for, or when it is claimed that the provisions of this code do not apply or that the true intent has been misconstrued or wrongly interpreted, the owner or responsible person receiving such notice of disapproval or noncompliance with this code may appeal the decision of the chief to the board of appeals within ten days of such notice, in accordance with Chapter 2.37 of this code.
Nothing in this chapter shall preclude or prevent the fire chief or his authorized representative from immediately and without notice ordering an operation or use stopped or the evacuation of any premises, building or vehicle or portion thereof, or the abatement of any activity or condition which has or is a fire, public health or safety hazard, if in the opinion of the chief or his authorized representative such condition must be remedied, removed, corrected or altered Item 7.7
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forthwith and without such notice in order that the public health and safety be protected. In this event, the owner or responsible person shall have the right to appeal the action taken within ten days of receiving notice of such action, in accordance with Chapter 2.37 of this code.
SECTION 5. Section 18.01.010 (Adoption—Incorporated codes.) is hereby added to Title 18 (Building Codes and Regulations) of the Campbell Municipal Code as set forth below with underlining (underlining) indicating new text.
18.01.010 Adoption—Incorporated codes.
The city council adopts the 2025 California Building Standards Code, Title 24, parts 1 through 11. Alterations, interpretations, amendments, or specific Appendix adoptions are listed under the applicable sub chapters. For the regulation of construction, alteration, renovating and remodeling of buildings and structures, the issuance of permits therefore and enforcement thereof.
As assembled by the International Code Council (ICC), as amended by the State of California through the State Building Standard Regulations (Title 24), hereinafter termed the "California Building Code," and each and all of the regulations, appendices, provisions, penalties, conditions and terms of such California Building Code (one copy of which code has been filed for use and examination by the public in the office of the building official) are referred to and are adopted and made a part hereof, the same as if fully set forth in this chapter, and are adopted as sections of this chapter bearing the same numerical sections, designations, titles as appear in the California Building Codes except as excepted, modified or amended in this chapter. The California Fire Code is adopted through Chapter 17, Fire Protection.
Pursuant to the provisions of Sections 50022.1 through 50022.8 and 500.22.10 of the California Code Annotated, there is hereby adopted the "Campbell Municipal Code, Revised" together with those secondary codes as deleted or modified by provisions of the "Campbell Municipal Code, Revised." Incorporated Codes include:
(a) California Administrative Code, 2025 edition;
(b) California Building Code, Volumes 1 and 2, 2025 edition; (c) California Residential Code, 2025 edition;
(d) California Green Building Standards Code, 2025 edition; (e) California Energy Code, 2025 edition
(f) California Wildland-Urban Interface Code 2025 edition (g) California Plumbing Code, 2025 edition;
(h) California Mechanical Code, 2025 edition;
(i) California Electric Code, 2025 edition;
(j) California Fire Code, 2025 edition;
(k) California Existing Building Code, 2025 edition;
(l) California Historical Building Code, 2025 edition;
(m) California Referenced Standards, 2025 edition;
(n) International Property Maintenance Code, 2024 edition; and (o) International Swimming Pool and Spa Code, 2024 edition.
Save and except those portions of the preceding codes as are deleted, modified or amended by provisions of the "Campbell Municipal Code, Revised."
SECTION 6. Section 18.02.010 (Adoption of the California Administrative Code.) of Chapter
18.02 (California Administrative Code) of the Campbell Municipal Code is hereby amended Item 7.7
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to read as follows with underlining (underlining) indicating new text and strikeouts (strikeouts) indicating deleted text.
18.02.010 Adoption of the California Administrative Code.
The city council adopts the California Administrative Code 20222025 edition, California Code of Regulations Title 24 Part 1, to establish administrative standards for the proper enforcement of the California Building Codes.
SECTION 7. Chapter 18.03 (WILDLAND-URBAN INTERFACE CODE) is hereby added to Title 18 (Building Codes and Regulations) of the Campbell Municipal Code as set forth below with underlining (underlining) indicating new text.
Chapter 18.03 WILDLAND-URBAN INTERFACE CODE
18.03.010 Adoption of the Wildland-Urban Interface Code.
The city council adopts the Wildland-Urban Interface Code, 2025 Edition (hereinafter “Wildland-Urban Interface Code) as a reference document to guide voluntary home hardening measures intended to improve structural resistance to wildfire. Adoption under this section does not establish mandatory code requirements but provides property owners with recognized standards that may enhance fire safety and support the ability to retain fire insurance coverage.
18.03.020 Portions not adopted.
The following chapters, sections, or provisions of the Wildland-Urban Interface Code are expressly not adopted by the City and shall have no force or effect: No portions not adopted.
18.03.030 Modifications.
The following modifications to the Wildland-Urban Interface Code are hereby enacted. These provisions are adopted in lieu of, or as amendments to, the corresponding sections of the Code, and shall apply within the City of Campbell: No modifications adopted.
SECTION 8. Section 18.04.010 (Adoption of the California Building Code) of Chapter 18.04 (Building Code) of the Campbell Municipal Code is hereby amended to read as follows with underlining (underlining) indicating new text and strikeouts (strikeouts) indicating deleted text.
18.04.010 Adoption of the International California Building Code.
The city council adopts an International the California Building Code, 2025 edition, Volumes 1 and 2, (hereinafter “California Building Code”) for the regulation of construction, alteration, renovating and remodeling of buildings and structures. This adoption includes the modifications, explanations, and amendments set forth in this chapter.
Referenced chapters, sections, and appendices shall retain the same numerical designations and titles as in the California Building Code, except as expressly excepted, modified, or amended herein., the issuance of permits therefore and enforcement thereof which Building Code is as follows: All of the provisions of the International Building Code of 2021 Volumes 1 and 2 of the International Code Council, as amended in 2022 by the State of California in the State Building Standard Regulations (Title 24), hereinafter termed the "California Building Code," and each and all of the regulations, appendices, provisions, penalties, conditions and terms of such California Building Code (one copy of which code has been filed for use and examination by the public in the office of the building official) are referred to and are adopted and made a part hereof, the same as if fully set forth in this chapter, and are adopted as sections of this chapter bearing the same numerical sections, designations, titles as appear in the California Building Code except as excepted, modified or amended in this chapter.
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SECTION 9. Section 18.04.020 (Portions not adopted.) of Chapter 18.04 (Building Codes and Regulations) of the Campbell Municipal Code is hereby amended to read as follows with underlining (underlining) indicating new text and strikeouts (strikeouts) indicating deleted text.
18.04.020 Portions not adopted.
The following chapters, parts or provisions of the California Building Code are not adopted: Appendices A, C, D, E, F, G, H, I, K, L, M, N, O, and P A, B, C, D, E, G, H, K, L, and M.
SECTION 10. Section 18.04.030 (Portions modified) of Chapter 18.04 (Building Code) of the Campbell Municipal Code is hereby amended to read as follows with underlining (underlining) indicating new text and strikeouts (strikeouts) indicating deleted text.
18.04.030 Portions modified.
The following sections are either enacted in modification of the California Building Code, adopted by reference or are added in place of those sections, parts and/or provisions of the California Building Code which have not been adopted:
(a) Section 104.9.1 shall read: Materials equipment, and devices shall not be reused unless such elements are in good working condition and approved by the Building Official. (1) An additional sentence is added to Chapter 1, Division II, Administration Section 114.4, to read: "For penalty clause, see Section 10.50.010 of the Campbell Municipal Code." (2) An additional sentence is added to Chapter 1, Division II, Administration Section 110.6 to read:
"Approvals of the Building Division are granted to allow work to proceed and are not necessarily for code compliance. See Section 104.11."
(b) Chapter 1, ADMINISTRATION, Section 109.6 Refunds. Shall be replaced with the following text:
"The building official may authorize refunding of any fee paid hereunder which was erroneously paid or collected.
The building official may authorize refunding of not more than 80 percent of the permit fee paid when no work has been done under a permit issued in accordance with this code.
The building official may authorize refunding of not more than 80 percent of the plan review fee paid when an application for a permit for which a plan review fee has been paid is withdrawn or canceled before any plan reviewing is done.
Staff time to process the refund will be subtracted from the refund.
The building official shall not authorize refunding of any fee paid except on written application filed by the original permit holder not later than 180 days after the date of fee payment." (c) Section 1905.1.7, ACI 318 Section 14.1.4 shall be replaced with the following:
14.1.4 - Plain concrete in structures assigned to Seismic Design Category C, D, E or F.
14.1.4.1 - Structures assigned to Seismic Design Category C, D, E or F shall not have elements of structural plain concrete, except as follows:
(a) Left intentionally blank.
(b) Isolated footings of plain concrete supporting pedestals or columns are permitted, provided the projection of the footing beyond the face of the supported member does not exceed the footing thickness.
(c) Plain concrete footing supporting walls are permitted, provided the footings have at least two continuous longitudinal reinforcing bars. Bars shall not be smaller than No. 4 and shall have a Item 7.7
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total area of not less than 0.002 times the gross cross-sectional area of the footing. A minimum of one bar shall be provided at the top and bottom of the footing. Continuity of reinforcement shall be provided at corners and intersections.
RATIONALE:
The proposed amendment addresses the problem of poor performance of plain concrete or underreinforced concrete footings during a seismic event. This amendment reflects the recommendations by the Structural Engineers Association of Southern California (SEACSC) and the Los Angeles City Joint Task Force that investigated the poor performance of plain and under-reinforced concrete footing observed in the 1994 Northridge earthquake.
(d) Section 1705.3 Concrete Construction. Shall be modified to read:
CBC 1705.3 Concrete construction. The special inspections and verifications for concrete construction shall be as required by this section and Table 1705.3
Exception: Special inspections shall not be required for:
1. Isolated spread concrete footings of buildings three stories or less above grade plane that are fully supported on earth or rock, where the structural design of the footing is based on a specific compressive strength, f''c, no greater than 2,500 pounds per square inch (psi) (17.2 Mpa).
RATIONALE:
Results from studies after the 1994 Northridge earthquake indicated that a lot of the damages were attributed to lack of quality control during construction. The proposed amendment improves quality control during construction and therefore needs to be incorporated into the Code. Revise CBC Section 1705.3 exception No.1 to allow special inspection not to be required for isolated spread footing where the structural design of the footing is based on a specified compressive strength, f''c, no greater than 2,500 psi.
This proposed amendment is a continuation of an amendment adopted during a previous code adoption cycle.
SECTION 11. Section 18.04.032 (Vehicular gates.) is hereby added to Chapter 18.04 (Building Code) of the Campbell Municipal Code as set forth below with underlining (underlining) indicating new text.
18.04.032 Vehicular gates.
CBC Section 3110.2 Vehicular gates Intended for automation. Vehicular gates intended for automation shall be designed, constructed and installed to comply with the requirements of ASTM F2200.
The referenced American Society for Testing and Materials (ASTM) ASTM F2200 for the safe design, installation, and use of vehicular gates, establishes by reference, that all gates whether part of a fire apparatus access or egress, or for general vehicle, or pedestrian passage, having barbed or razor wire, knox boxes, or power actuation, automatic or manual, color and materials, shall be reviewed for security and safety and permitted with specifications approved by Fire, Building, and Planning Divisions as well as a compliant design to the provisions of ASTM F2200.
General ASTM F2200 Requirements (specific criteria for the 5 gate styles can be located on the ASTM website):
• Barbed tape and wire by its very design is intended to be a hazardous material upon contact with persons, but it may become unnecessarily hazardous to persons in the vicinity of a moving gate. If barbed tape is installed on a gate at eight feet or higher above grade, unintended injury is much less likely to occur. • All gate designs shall have smooth bottom surfaces and be free of any protrusions that can cut, scrape, puncture and, in general, injure a person when the gate is moving. Any exclusions or exceptions to this requirement are covered under Section 4.8.
• All vehicular gate designs shall be constructed and installed with designs such that the gate cannot fall over more than 45 degrees from the vertical plane if detached from the gates supporting hardware, to prevent Item 7.7
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injury during service or in case of support failure. These designs can be accomplished by installing support posts, brackets, cables, chains or other devices that would hold or support the gate should it become detached from its supporting hardware. This can be accomplished by installing support posts, brackets, cables, chains or other devices that would hold or support the gate should it become detached from its supporting hardware. • Gates have been divided into five basic designs of construction: horizontal slide, horizontal swing, vertical lift, vertical pivot and overhead pivot. These designs are considered to be the most common types being installed in the U.S. Each specific design shall be constructed and installed to conform to requirements that are unique to each particular gate type.
• A manual gate latch is not designed for an automated gate. When required, a safe design receiver guide shall be installed in lieu of a gate latch.
• The bottom edge of any automated gate shall be free of any protrusions other than hardware such as fasteners, bolts, etc. Such hardware must not project greater than ½” and must be smooth on all surfaces, with no sharp edges, to prevent injuries such as cutting, scraping, or other similar.
The gate design must also include an analysis of structural loads on large or heavy gates, wind loads on solid gates, the safety of fingers and hands in the rolling tracks, dislodging of rollers from tracks, entrapment, automatic closer with a crushing potential, locking mechanisms, and emergency access.
SECTION 12. Section 18.04.035 (Construction debris.) of Chapter 18.04 (Building Code) of the Campbell Municipal Code is hereby amended to read as follows with underlining (underlining) indicating new text and strikeouts (strikeouts) indicating deleted text.
Every building permit application and permit shall be subject to, and contain the following notice:
"NOTICE: Pursuant to Chapter 11.32 of the Campbell Municipal Code, any dirt or debris generated at a construction site that is allowed to remain on a public right of way for more than twelve (12) hours may be removed by the City AT THE EXPENSE OF THE APPLICANT FOR THIS BUILDING PERMIT. FAILURE TO PAY THE EXPENSE WILL RESULT IN SUSPENSION OF FURTHER BUILDING INSPECTIONS." SECTION 13. Section 18.04.060 (Small Residential Rooftop Photo Voltaic Energy Systems Review Process.) is hereby deleted in its entirety.
SECTION 14. Chapter 18.08 (Plumbing Code) of Title 18 (Building Codes and Regulations) of the Campbell Municipal Code is hereby amended to read as follows with underlining (underlining) indicating new text and strikeouts (strikeouts) indicating deleted text.
Chapter 18.08 PLUMBING CODE
18.08.010 Adoption of the Uniform California Plumbing Code.
The city council adopts the Uniform California Plumbing Code, 2025 edition, along with the supplemental 2024 International Fuel Gas Code, (hereinafter “California Plumbing Code”) for the regulation of installation of plumbing fixtures and appliances, gas fixtures and appliances and to provide for the issuance of permits thereof and enforcement of the code., which plumbing code is as follows:
All of the provisions of the International Association of Plumbing and Mechanical Officials Uniform Plumbing Code of 2021, as amended in 2022 by the State of California in the State Building Standard Regulations (Title 24), and the following appendixes, A, B, D, G, I, and L, hereinafter termed the "California Plumbing Code," and each and all of the regulations, provisions and terms of such plumbing code (one copy of which code has been filed for use and examination by the public in the office of the city clerk) are referred to and are adopted and made a part of this chapter, the same as if fully set forth in this chapter, and are adopted as sections of this chapter bearing the same numerical sections, designations, titles as appear in the plumbing code except as excepted, modified or amended in this chapter.
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18.08.020 Portions not adopted.
The following chapters, sections, or provisions of the California Plumbing Code are expressly not adopted by the City and shall have no force or effect: Section 104.5 Fees, Appendices E, F, H, J, K, O, P, Q, & R.
The following parts, sections and/or provisions of the California Plumbing Code are not adopted:
18.08.030 Modifications.
The following modifications to the California Plumbing Code are hereby enacted. These provisions are adopted in lieu of, or as amendments to, the corresponding sections of the Code, and shall apply within the City of Campbell: No modifications adopted.
18.08.040 Fee schedule.
Section 104.5, shall be amended to read:
"The City Council shall establish all fees by Resolution." Section 104.5.4 shall be added to read:
"Plan Review Fees. When a plan or other data is required to be submitted by Section 104.5.4, a plan review fee shall be paid at the time of submitting plans and specifications for review." "The plan review fees specified in this subsection are separate fees from the permit fees specified in this section and are in addition to the permit fees."
"When plans are incomplete or changed so as to require additional review, a fee shall be charged." SECTION 15. Chapter 18.10 (California Existing Building Code) of Title 18 (Building Codes and Regulations) of the Campbell Municipal Code is hereby amended to read as follows with underlining (underlining) indicating new text and strikeouts (strikeouts) indicating deleted text.
Chapter 18.10 CALIFORNIA EXISTING BUILDING CODE
18.10.010 Adoption of the California Existing Building Code.
The city council adopts the California Existing Building Code, 20252021 edition, California Existing Building Code, Part 10, Title 24, California Code of Regulations, (hereinafter “California Existing Building Code”) to establish minimum standards to allow for the effective preservation of existing buildings. All of the provisions of the California Existing Building Code, 2022 edition, hereinafter termed the "California Existing Building Code" and each and all of the regulations, provisions and terms of such, conservation code (one copy of which has been filed for use and examination of the public in the office of the building official) are referred to and made a part of this chapter, the same as if fully set forth in this chapter and are adopted as sections of this chapter bearing the same numerical sections, designations, titles as appear in the California Existing Building Code.
18.10.020 Portions not adopted.
The following chapters, sections, or provisions of the California Existing Building Code are expressly not adopted by the City and shall have no force or effect: No portions not adopted.
18.10.030 Modifications.
The following modifications to the California Existing Building Code are hereby enacted. These provisions are adopted in lieu of, or as amendments to, the corresponding sections of the Code, and shall apply within the City of Campbell: No modifications adopted.
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SECTION 16. Chapter 18.11 (California Residential Code) of Title 18 (Building Codes and Regulations) of the Campbell Municipal Code is hereby amended to read as follows with underlining (underlining) indicating new text and strikeouts (strikeouts) indicating deleted text.
Chapter 18.11 CALIFORNIA RESIDENTIAL CODE
18.11.010 Adoption of the California Residential Code.
The city council adopts the California Residential Code, 2025 edition2022 edition, California Residential Code, Part
2.5, Title 24, California Code of Regulations for the improvement of public health, safety and general welfare of residential buildings by enhancing the design and construction and use of building design. Each and all of the regulations, appendices, provisions, penalties, conditions and terms of such Code (one copy of which code has been filed for use and examination by the public in the office of the Building Official) are referred to and are adopted and made a part hereof, the same as if fully set forth in this chapter, and are adopted as sections of this chapter bearing the same numerical sections, designations, titles as appear in the California Building Code except as excepted, modified or amended in this chapter.
(a) Table R301.2 Climate and Geographic Design Criteria, Exclusive to the City of Campbell shall be as follows:
1. Ground Snow Load: 0;
2. Wind Design Speed: 95 MPH;
3. Wind Design Topographic Effects: None;
4. Wind Design Special Wind Region: None;
5. Wind Design Windborne Debris Zone: None;
6. Seismic Design Category: E;
7. Subject To Damage From - Weathering: Negligible;
8. Subject To Damage From - Frost Line Depth: 12";
9. Subject To Damage From - Termite: Heavy;
10. Winter Design Temperature: 59/40 degrees F;
11. Summer Design Temperatures: 80/59 degrees F;
12. Ice Barrier Underlayment Required: None;
13. Flood Hazards: Negligible, (Los Gatos/Vasona Creeks);
14. Air Freezing Index: No;
15. Mean annual temperature: 59.2 degrees F;
16. Average Rain: 18 inches/year;
17. Elevation: 200';
18. Presumptive Soil Loading: 1500 psf.
18.11.020 Portions not adopted.
The following chapters, sections, or provisions of the California Residential Code are expressly not adopted by the City and shall have no force or effect: Appendices AB, AC, BA, BB, BC, BD, BE, BF, BI, BK, BL, CA, CB, CC, CD, CE, CF, CG, CH, & CK.
The following chapters, parts or provisions of the California Residential Code are adopted: Appendices AH, AO, AV, AX, AZ.
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18.11.030 Modifications.
The following modifications to the California Residential Code are hereby enacted. These provisions are adopted in lieu of, or as amendments to, the corresponding sections of the Code, and shall apply within the City of Campbell:
The following sections are either enacted in modification of the California Residential Code, adopted by reference or are added in place of those sections, parts and/or provisions of the California Residential Code which have not been adopted:
(a) Chapter 1, Division II, Section 104.9.1 shall read: Materials equipment, and devices shall not be reused unless such elements are in good working condition and approved by the Building Official. (b) Section R108.5 Refunds, shall be replaced with the following text:
"The building official may authorize refunding of any fee paid hereunder which was erroneously paid or collected.
The building official may authorize refunding of not more than 80 percent of the permit fee paid when no work has been done under a permit issued in accordance with this code.
The building official may authorize refunding of not more than 80 percent of the plan review fee paid when an application for a permit for which a plan review fee has been paid is withdrawn or canceled before any plan reviewing is done.
The building official shall not authorize refunding of any fee paid except on written application filed by the original permittees not later than 180 days after the date of fee payment." Staff time to process the refund will be subtracted from the refund. (cb) An additional sentence is added to Chapter 1, Division II, Section R106.3.1 to read: "Approvals of the Building Division are granted to allow work to proceed and are not necessarily for code compliance." (dc) An additional sentence is added to Chapter 1, Division II, Section R113.4, to read: "For penalty clause, see Section 10.50.010 of the Campbell Municipal Code."
(ed) Section R313.1 is amended to read:
R313.1 Townhouse automatic fire sprinkler systems. An automatic residential fire sprinkler system shall be installed in all new townhouses and in existing townhouses when additions are made that increase the building area to more than 3,600 square feet.
Exception: A one-time addition to an existing building that does not total more than 1,000 square feet of building area.
(fe) Section R313.2 is amended to read:
R313.2 One- and two-family dwellings automatic fire sprinkler systems. An automatic residential fire sprinkler system shall be installed in all new one- and two-family dwellings as follows:
In all new one- and two-family dwellings and existing one- and two-family dwellings when additions are made that increase the fire area to more than 3,600 square feet.
1. Exceptions:
1.1. The unit meets the definition of an Accessory Dwelling Unit as defined in the Government Code Section 65852.2.
1.2. The existing primary residence does not have automatic fire sprinklers.
1.3. The accessory dwelling unit does not exceed 1,200 square feet in size.
1.4. The unit is on the same lot as the primary residence.
1.5. The unit meets all apparatus access and water supply requirements of Chapter 5 and Appendix B of the 2022 California Fire Code.
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2. When additions are made to existing structures, causing the fire area to exceed 3,600 square feet, and all of the following are met:
2.1. Building addition does not exceed 500 square feet.
2.2. The resultant structure meets all water supply requirements of Chapter 5 and Appendix B of the 2022 California Fire Code.
3. In all new basements and in existing basements that are expanded.
Exception: Existing basements that are expanded by not more than 50%. (g) Section R506.1 General, shall be amended to add the following sentence:
"The slab shall be reinforced with not less than 6" x 6", 10 gauge wire mesh or an approved alternate installed at mid-height of the slab." Following the first sentence of the section. (h) Table R602.10.3(3), Add new footnote f to the end of Table R602.10.3(3), to read:
f in Seismic Design Categories D 0 , D 1 and D 2 , Methods GB, LIB, DWB, PCP are not permitted. (i) Reserved.
(j) Section R602.10.4(5) is added to Section R602.10.4 (Construction methods for braced wall panels) of CRC Chapter 6 (Wall Construction), to read:
R602.10.4.4 Limits on methods GP, LIB, DWB, and PCP. In Seismic Design Categories D0, D1, and D2, Methods GB, LIB, DWB, PCP are not permitted, but gypsum board is permitted to be placed on the opposite side of the studs of other types of braced wall panel sheathing. Campbell is in Seismic Design Category E.
RATIONALE:
The proposed amendment addresses the problem of poor performance of gypsum wallboard and Portland cement plaster as wall bracing materials in high seismic areas. This amendment reflects the recommendations by the Structural Engineers Association of Southern California (SEACSC) and the Los Angeles City Joint Task Force that investigated the poor performance of these bracing materials that were observed in the 1994 Northridge earthquake.
SECTION 17. Chapter 18.12 (Mechanical Code) of Title 18 (Building Codes and Regulations) of the Campbell Municipal Code is hereby amended to read as follows with underlining (underlining) indicating new text and strikeouts (strikeouts) indicating deleted text.
Chapter 18.12 MECHANICAL CODE
18.12.010 Adoption of Uniform California Mechanical Code.
The city council adopts the Uniform California Mechanical Code 2025 edition, (hereinafter “California Mechanical Code”) for the regulation and installation of any heating, ventilating, comfort cooling, refrigeration systems, and for the improvement of public health, safety and general welfare of residential buildings by enhancing the design and construction and use of buildings, providing for the issuance of permits therefore and administration thereof which Uniform California Mechanical Code are referred to and are adopted and made a part hereof, the same as if fully set forth in this chapter, and are adopted as sections of this chapter bearing the same numerical sections, designations, titles as appear in the California Mechanical Code except as excepted, modified or amended in this chapter. is as follows:
All of the provisions of the Uniform Mechanical Code of 2021 as published by the International Association of Plumbing and Mechanical Officials, and amended in 2022 by the State of California in the State Building Standard Regulations (Title 24), and the following appendix, B, thereinafter termed the "California Mechanical Code," and each and all of the regulations, provisions, penalties, conditions and terms of such mechanical code (one copy of which code has been filed for use and examination by the public in the office of the city clerk) are referred to and are adopted and Item 7.7
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made a part of this chapter, the same as if fully set forth in this chapter, and are adopted as sections, designations, titles as appear in the mechanical code, except as excepted, modified or amended in this chapter.
18.12.020 Portions not adopted.
The following chapters, sections, or provisions of the California Mechanical Code are expressly not adopted by the City and shall have no force or effect: Section 104.5 Fees. Appendices: A, D, E, G, H, I, & J.
The following parts, sections and/or provisions of the Uniform Mechanical code are not adopted: Section 104.5.
18.12.030 Modifications.
The following modifications to the California Mechanical Code are hereby enacted. These provisions are adopted in lieu of, or as amendments to, the corresponding sections of the Code, and shall apply within the City of Campbell:
Sections 104.5 is amended to read:
"General. The City Council shall establish all fees by Resolution." Section 104.5.4 is added to read:
"Plan Review Fees. When a plan or other data is required to be submitted by Section 104.4, a plan review fee shall be paid at the time of submitting plans and specifications for review." "The plan review fees specified in this subsection are separate fees from the permit fees specified in this section and are in addition to the permit fees."
"When plans are incomplete or changed so as to require additional review, a fee shall be charged." SECTION 18. Chapter 18.16 (Electrical Code) of Title 18 (Building Codes and Regulations) of the Campbell Municipal Code is hereby amended to read as follows with underlining (underlining) indicating new text and strikeouts (strikeouts) indicating deleted text.
Chapter 18.16 ELECTRICAL CODE
18.16.010 Adoption of National California Electrical Code.
The city council adopts the California Electrical Code, 2025 edition, National Electrical Code for the regulation of electrical installations, facilities and appliances, the issuance of permits therefore, and enforcement thereof, which electrical code is as follows:
Based on the All of the provisions of the National Fire Protection Association's National Electrical Code (NFPANEC) of 20232021 edition, as amended in 2022 by the State of California in the State Building Standard Regulations (Title 24), (hereinafter “California Electrical Code”) hereinafter termed the "California Electrical Code" and each and all of the regulations, provisions, penalties, conditions and terms, including the modifications, exceptions and additions hereinafter set forth (one copy of which code has been filed for use and examination by the public in the office of the city clerk) are referred to and are adopted and made a part hereof, the same as if fully set forth in this chapter, and are adopted as sections of the chapter (bearing the same numerical sections, designations and titles as appear in the National Electrical Code), except insofar as the terms and provisions of the code are modified, altered, amplified and extended by the provisions of this chapter.
18.16.020 Portions not adopted.
The following chapters, sections, or provisions of the California Electrical Code are expressly not adopted by the City and shall have no force or effect: No portions not adopted.
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18.16.030 Modifications.
The following modifications to the California Electrical Code are hereby enacted. These provisions are adopted in lieu of, or as amendments to, the corresponding sections of the Code, and shall apply within the City of Campbell:
Section 314.16 Number of Conductors in Outlet, Devices, and Junction Boxes, and Conduit Bodies. Boxes and conduit bodies shall be of an approved size to provide free space for all enclosed conductors. In no case shall the volume of the box, as calculated in 314.16(A), be less than the fill calculation, as calculated in 314.16(B). The minimum volume for conduit bodies shall be as calculated in 314.16(C).
Notwithstanding the provisions above, any main electrical panel that is proposed to receive new additional wiring or devices shall also submit a wire fill calculation compliant to 314.16 or install an upsized 200 amp panel. The mast shall allow for and include 200-amp service conductors. Grounding shall comply with Article 250 of the California Electrical Code. Where the existing PG&E utility service conductors are undersized for 200-amp capacity, the panel may be de-rated by the main breaker amperage.
18.16.040 Small Residential Rooftop Photo-Voltaic Energy Systems Review Process.
A. The following words and phrases, as used in this section, are defined as follows:
"Electronic submittal" means the utilization of one or more of the following:
1. MGO (My Government Online) — web based electronic permit software. "Small residential rooftop solar energy systems" means all of the following:
1. A solar energy system that is no larger than ten kilowatts alternating current nameplate rating or thirty kilowatts thermal.
2. A solar energy system that conforms to all applicable state fire, structural, electrical, and other building codes as adopted or amended by the city and paragraph (iii) of subdivision (c) of Section 714 of the Civil Code, as such section or subdivision may be amended, renumbered, or redesignated from time to time.
3. A solar energy system that is installed on a single or duplex family dwelling.
4. A solar panel or module array that does not exceed the maximum legal building height as defined by the authority having jurisdiction.
"Solar energy system" has the same meaning set forth in paragraphs (1) and (2) of subdivision (a) of Section 801.5 of the Civil Code, as such section or subdivision may be amended, renumbered, or redesignated from time to time.
B. SB379 requires adoption of an automatic solar permitting platform where the permit application is reviewed automatically for code compliance and issued upon permit payment, automatically, without the need for human processing. Campbell’s automated platform is an extension of MGO (their sole source permitting system) and available for residential rooftop solar applications as accessed through an on-line Application Center.
D. Prior to submitting an automated application, the applicant shall generate a design plan-set that includes:
1. Verify to the applicant's reasonable satisfaction through the use of standard engineering evaluation techniques that the support structure for the small residential rooftop solar energy system is stable and adequate to transfer all wined, seismic, and dead and live loads associated with the system to the building foundation; and
2. At the applicant's cost, verify to the applicant's reasonable satisfaction using standard electrical inspection techniques that the existing electrical system including existing line, load, ground and bonding wiring as well as main panel and subpanel sizes are adequately sized, based on the existing electrical system's current use, to carry all new photo-voltaic electrical loads
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3. Shows a roof plan of the panel array along with the identification of products, materials, shut-offs, placards, wiring methods, and a single line wiring diagram.
4. Permit approval does not authorize an applicant to connect the small residential rooftop energy system to the local utility provider's electricity grid. The applicant is responsible for obtaining such approval or permission from the local utility provider.
SECTION 19. Chapter 18.18 (California Energy Code) of Title 18 (Building Codes and Regulations) of the Campbell Municipal Code is hereby amended to read as follows with underlining (underlining) indicating new text and strikeouts (strikeouts) indicating deleted text.
Chapter 18.18 CALIFORNIA ENERGY CODE
18.18.010 Adoption of California Energy Code.
The city council adopts the California Energy Code, 2025 edition, (hereinafter “California Energy Code”) for the regulation and installation of energy systems and products, and for the improvement of public health, safety and general welfare of buildings by enhancing the design and construction and use of buildings, providing for the issuance of permits therefore and administration thereof which California Energy Code are referred to and are adopted and made a part hereof, the same as if fully set forth in this chapter, and are adopted as sections of this chapter bearing the same numerical sections, designations, titles as appear in the California Energy Code except as excepted, modified or amended in this chapter.
The city council adopts the 2022 California Energy Code for the design of buildings and the issuance of permits therefore, and enforcement thereof.
18.18.020 Portions not adopted.
The following chapters, sections, or provisions of the California Energy Code are expressly not adopted by the City and shall have no force or effect: No portions not adopted.
18.18.030 Modifications.
The following modifications to the California Energy Code are hereby enacted. These provisions are adopted in lieu of, or as amendments to, the corresponding sections of the Code, and shall apply within the City of Campbell: No modifications adopted.
18.18.020 New Residential Living Units.
All newly constructed residential living units shall be prohibited from using natural gas or any other carbon-based gas for the purpose of water heating and warm air heating systems in the living unit. This section does not prohibit the use of natural gas for other purposes in the living unit.
SECTION 20. Chapter 18.20 (Property Maintenance Code) of Title 18 (Building Codes and Regulations) of the Campbell Municipal Code is hereby amended to read as follows with underlining (underlining) indicating new text and strikeouts (strikeouts) indicating deleted text.
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Chapter 18.20 PROPERTY MAINTENANCE CODE
18.20.010 Adoption of the International Property Maintenance Code.
The city council adopts the International Maintenance Code, 2024 edition, (hereinafter “Property Maintenance Code”) a property maintenance code for the regulation of various types of housing accommodations, and providing for the administration and enforcement thereof, which International Property Maintenance Code is as follows:
All of the provisions of the Property Maintenance CodeInternational Code Conference's International Property Maintenance Code of 2022, hereafter called "housing code," and each and all of the regulation's provisions, penalties, conditions and terms thereof (one copy of which has been filed for use and examination by the public in the office of the building official), are referred to and are adopted and made a part thereof, the same as if fully set forth in this chapter, and are adopted as sections of this chapter, bearing the same numerical sections designations and titles as appear in the International Property Maintenance Code except as excepted, modified or amended in this chapter.
18.20.020 Portions not adopted.
The following chapters, sections, or provisions of the Property Maintenance Code are expressly not adopted by the City and shall have no force or effect: No portions not adopted.
18.20.030 Modifications.
The following modifications to the State Historic Code are hereby enacted. These provisions are adopted in lieu of, or as amendments to, the corresponding sections of the Code, and shall apply within the City of Campbell: No modifications adopted.
18.20.020 Modifications.
Section 303 Swimming Pools, Spas and Hot Tubs, Subsection 303.2 Enclosures, is amended to read: "Private swimming pools, hot tubs and spas, containing water more than 24 inches (610 mm) in depth shall be completely surrounded by a fence or barrier at least 60 inches (1524 mm) in height above the finished ground level measured on the side of the barrier away from the pool."
18.20.030 Reserved.
SECTION 21. Chapter 18.21 (State Historical Code) of Title 18 (Building Codes and Regulations) of the Campbell Municipal Code is hereby amended to read as follows with underlining (underlining) indicating new text and strikeouts (strikeouts) indicating deleted text.
Chapter 18.21 STATE HISTORICAL CODE
18.21.010 Adoption of the State California Historical Code.
The city council adopts the 2022 2025 California Historical Building Code, Title 24, Part 8, California Code of Regulations, 2025 edition, (hereinafter “State Historical Code”) for the regulation of rehabilitation, preservation, restoration (including related reconstruction), or relocating of buildings or structures designated as historic buildings.
Such alternative building standards and building regulations are intended to facilitate the restoration or change of occupancy so as to preserve their original or restored architectural elements and features. All of the provisions of the State of California State Historical Building Code hereinafter termed Historical Code, and each and all of the regulations, provisions, penalties, conditions and additions hereinafter set forth (one copy of which has been filed for use and examination by the public in the office of the building official) are referred to and are adopted and made a part hereof, the same as if fully set forth in this chapter, and are adopted as sections of the chapter (bearing the same numerical Item 7.7
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sections, designations and titles as appear in the State Historical Building Code), except insofar as the terms and provisions of the code are modified, altered, amplified and extended by the provisions of this chapter.
18.21.020 Portions not adopted.
The following chapters, sections, or provisions of the State Historical Code are expressly not adopted by the City and shall have no force or effect: No portions not adopted.
18.21.030 Modifications.
The following modifications to the State Historic Code are hereby enacted. These provisions are adopted in lieu of, or as amendments to, the corresponding sections of the Code, and shall apply within the City of Campbell: No modifications adopted.
SECTION 22. Chapter 18.24 (Swimming Pools) of Title 18 (Building Codes and Regulations) of the Campbell Municipal Code is hereby amended to read as follows with underlining (underlining) indicating new text and strikeouts (strikeouts) indicating deleted text.
Chapter 18.24 SWIMMING POOL AND SPA CODES
18.24.010 Adoption of International Swimming Pool and Spa Code The city council adopts the International Swimming Pool and Spa Code, 2024 edition, (hereinafter “Swimming Pool and Spa Code”) for the regulation of swimming pools and spas, and providing for the administration and enforcement thereof. All of the provisions of the Swimming Pool and Spa Code, and each and all of the regulations, provisions, penalties, conditions and additions hereinafter set forth are referred to and are adopted and made a part hereof, the same as if fully set forth in this chapter, and are adopted as sections of the chapter (bearing the same numerical sections, designations and titles as appear in the Swimming Pool and Spa Code), except insofar as the terms and provisions of the code are modified, altered, amplified and extended by the provisions of this chapter.
18.24.020 Application requirements.
Application for permits for public and/or semipublic pools shall be accompanied by a certificate of acceptance by the county department of health, plans, calculations and specifications, in duplicate, and shall be in sufficient detail to show the following:
(1)Plot plan, including all easements and overhead utilities adjacent to pool area or over the property; (2)Pool dimensions, depths, and volume in gallons;
(3)Type and size of filter system, filtration and backwash capacities; (4)Pool piping layout with all pipe sizes shown and type of material; (5)Pool pump capacity;
(6)Waste disposal system; and
(7)Other pertinent data as may be required by the building official.
18.24.0310 Definitions.
(a) "Private swimming pool" includes all artificially constructed pools which are used in connection with and appurtenant to a single-family residence and available only to the family of the householder or his private guests. (b) "Public pool" includes all artificially constructed pools which are available to the general public either free or by paying a fee.
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(c) "Semipublic pool" includes all artificially constructed pools which are used in connection with multiple family or cooperative groups (such as apartments, hotels, motels, private clubs, subdivisions, etc.) and available only to such groups and their private guests but not available to the general public. (d) "Swimming pool" means an artificial pool of water including all appurtenances to its use and used for swimming or recreational bathing.
(1) "Permanently installed spa, swimming or wading pool" means one that is constructed in the ground, on the ground, or in a building in such a manner that the pool cannot be readily disassembled for storage. (2) "Storable swimming or wading pool" means one that is so constructed that it may be readily disassembled for storage and reassembled to its original integrity.
(e) "Wading pool" means either a storable or permanent water container for recreational wading purposes which at its deepest point is not over sixteen inches.
18.24.020 Building permit.
The city council adopts the 2021 International Swimming Pool and Spa Code, for the construction and maintenance (including related construction) of swimming pools and spas (one copy of which has been filed for use and examination by the public in the office of the building official), are referred to, and are adopted and made a part hereof, the same as if fully set forth in this chapter, and are adopted as sections of the chapter (bearing the same numerical sections, designations and titles as appear in the ISPSC), except insofar as the terms and provisions of the code are modified, altered, amplified and extended by the provisions of this chapter. (a) Application for permits for public and/or semipublic pools shall be accompanied by a certificate of acceptance by the county department of health, plans, calculations and specifications, in duplicate, and shall be in sufficient detail to show the following:
(1) Plot plan, including all easements and overhead utilities adjacent to pool area or over the property; (2) Pool dimensions, depths, and volume in gallons;
(3) Type and size of filter system, filtration and backwash capacities; (4) Pool piping layout with all pipe sizes shown and type of material; (5) Pool pump capacity;
(6) Waste disposal system;
(7) Other pertinent data as may be required by the building official.
18.24.0430 General construction requirements for permanently installed pools. (a) Water Treating Devices. Where devices for chemically treating the water to be used in the pool are installed, they shall meet the requirements of the county department of environmental health. (b) Filter and Re-circulation System. All pools shall be equipped with an efficient and dependable circulation and purification system, consisting of circulation pumps and piping arranged for optimum circulation in the pool, and a filter with the usual and necessary appurtenances as approved by the building official. Such system shall be operated at all times when the pool is in use. There shall be provided a complete turnover of the pool water in twenty-four hours or less for private pools, and eight hours or less for semipublic or public pools. (c) Underwater Lighting. Each public and semipublic pool shall have installed at least one underwater lighting fixture. (d) Steps and Stairways. Steps and stairways for entering and leaving the pool shall be of such construction as to minimize danger. Convex, semicircular or triangular steps shall have rounded corners. Public and semipublic pools shall meet all disability requirements of California State Title 24.
There shall be at least one stairway or ladder for exiting or entering the pool, located in the shallow end. There may be at least one ladder or shelf for entering or exiting the pool at the deep end. Treads of ladders and/or steps shall be of non-slip construction.
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(e) Runways or Decks. Runways, at least thirty inches wide for private pools and four feet wide for public pools, shall be placed adjacent to the pool. Runways shall be sloped one-fourth inch to the foot away from the pool, and should be of a material approved by the building official, which shall be of non-slip texture and easily cleaned.
Grading around the pool area shall be such that the surface runoff shall be diverted from the pool. (f) Scum Gutters and Skimmers. Scum gutters and skimmers shall conform to the requirements of the state Department of Health. Inlets for fresh or re-purified water shall be located to produce a reasonably uniform circulation of water throughout the entire pool without the existence of "dead" spots. (g) Clearances. No private pool shall have its water line closer than five feet from any property or building line, except pools may be no closer than thirty inches to the building if satisfactory evidence is submitted to show that no damage to the building will occur or any other hazardous or unsafe condition will be created. No semipublic or public pool shall have its water line closer than five feet from any property line or four feet from any building line.
All related pool equipment shall be located in the rear yard and shall be located no closer than five feet from any property line, except when enclosed by a sound barrier, for which drawings have been approved by the building department, in which case the setback may be six inches. Overhead electrical power lines and service conductors shall maintain clearance between wire and water surface compliant to Article 680 California Electrical code. (h) Walls and Floors. The walls and floors shall be of an approved, engineered design and constructed to be structurally sound under the conditions of the site. The pool walls and floor shall be constructed of smooth, nonabsorbent materials, free from cracks, light in color and so constructed as to be properly drained through one or more metal-grated openings. A tight, leak-proof pool with easily cleaned surfaces shall be provided. The inner surface of the pool must be coved, rounded or bull- nosed at all joints, corners, angles of bases, walls, floors or curbs. No sharp corners or projections will be permitted. Floor drains shall be flush with the finished surface. The materials used in wall and floor construction shall conform to the provisions of the building code of the city.
18.24.0540 General construction requirements for storable pools.
Subsections (a), (b), (c), (d), (e), (f) and (g) of Section 18.24.0430 (General construction requirements for permanently installed pools) shall apply to the construction of storable pools. Storable pools shall be installed as per manufacturer's instructions.
18.24.0650 Indoor swimming pools.
In addition to the remainder of the requirements in this chapter, indoor swimming pools shall have windows or a skylight equal to at least one-half of the surface area of the pool; provided, that artificial light may be used in lieu thereof if approved by the building official.
18.24.0760 Inspection.
All portions of the construction of the pool shall be inspected by the building official or his representative to ensureinsure compliance with the required codes of the city. A final inspection to allow occupancy cannot be made until the pool is completed, filled with water and the filter system is in operation and that all phases function correctly.
18.24.080 Portions not adopted.
The following chapters, sections, or provisions of the Swimming Pool Code are expressly not adopted by the City and shall have no force or effect: No portions not adopted.
18.24.090 Modifications.
The following modifications to the Swimming Pool Code are hereby enacted. These provisions are adopted in lieu of, or as amendments to, the corresponding sections of the Code, and shall apply within the City of Campbell:
Section 303 Swimming Pools, Spas and Hot Tubs, Subsection 303.2 Enclosures, is amended to read: "Private swimming pools, hot tubs and spas, containing water more than 24 inches (610 mm) in depth shall be completely surrounded by a fence or barrier at least 60 inches (1524 mm) in height above the finished ground level measured on the side of the barrier away from the pool."
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SECTION 23. Chapter 18.26 (Green Building Standards Code) of Title 18 (Building Codes and Regulations) of the Campbell Municipal Code is hereby amended to read as follows with underlining (underlining) indicating new text and strikeouts (strikeouts) indicating deleted text.
Chapter 18.26 GREEN BUILDING STANDARDS CODE
18.26.010 Adoption of the State Green Building Code.
The city council adopts the California Green Building Standards Code, Title 24, Part 11, 2025 edition,2022 Ed.
California Code of Regulations, (hereinafter “Cal Green”) for the improvement of public health, safety and general welfare by enhancing the design and construction of buildings through the use of building concepts having a reduced negative impact or positive environmental impact and encouraging sustainable construction practices. All of the provisions of Cal Green, and each and all of the regulations, provisions, penalties, conditions and additions hereinafter set forth are referred to and are adopted and made a part hereof, the same as if fully set forth in this chapter, and are adopted as sections of the chapter (bearing the same numerical sections, designations and titles as appear in Cal Green), except insofar as the terms and provisions of the code are modified, altered, amplified and extended by the provisions of this chapter. Hereinafter termed "Cal Green," and each and all of the regulations, appendices, provisions, penalties, conditions and terms of such Code (one copy of which code has been filed for use and examination by the public in the office of the Building Official) are referred to and are adopted and made a part hereof, the same as if fully set forth in this chapter, and are adopted as sections of this chapter bearing the same numerical sections, designations, titles as appear in the California Building Code except as excepted, modified or amended in this chapter.
18.26.020 Portions not adopted.
The following chapters, sections, or provisions of Cal Green are expressly not adopted by the City and shall have no force or effect: [Reserved].
18.24.030 Modifications.
The following modifications to Cal Green are hereby enacted. These provisions are adopted in lieu of, or as amendments to, the corresponding sections of the Code, and shall apply within the City of Campbell:
18.26.020 Modifications.
Section 102.3 Verification. Shall be modified to read:
Prior to final building inspection and occupancy for projects included in this chapter, documentation of conformance for applicable green building measures shall be uploaded into CalCerts or Cheers as CF3R forms.
Alternate methods of documentation shall be acceptable when the enforcing agency finds that the proposed alternate documentation is satisfactory to demonstrate substantial conformance with the intent of the proposed green building measure. When required by the Building Official, a qualified independent green building professional shall provide evidence of adequate green building compliance or documentation to the Building Official to satisfy the requirements of compliance for residential and non-residential projects covered under this chapter. The Building Official shall make the final determination whether a project meets the requirements of this chapter.
18.26.0430 Definitions.
"All electric building" means a building that contains no combustion equipment or plumbing for combustion equipment serving space heating (including fireplaces), water heating (including pools and spas), cooking appliances (including barbeques), and clothes drying, within the building or building property lines, and instead uses electric heating appliances for service.
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"Alteration or alter" means any construction or renovation to an existing structure other than repair for the purpose of maintenance or addition.
"Combustion equipment" means any equipment or appliance used for space heating, water heating, cooking, clothes drying and/or lighting that uses fuel gas.
"Electric heating appliance" means a device that produces heat energy to create a warm environment by the application of electric power to resistance elements, refrigerant compressors, or dissimilar material junctions, as defined in the California Mechanical Code.
"Electric vehicle charging station (EVCS)" means one or more electric vehicle charging spaces served by electric vehicle chargers that allow for the charging of electric vehicles. "EV capable" means having the electric panel sized to accommodate future EV charging and having in-place the conduit raceway and junction boxes necessary for rapid installation of the breaker and wiring to provide EVCS. "EV ready" means having EV charging ready for use.
"Fuel gas" means a gas that is natural, manufactured, liquefied petroleum, or a mixture of these. "Newly constructed building" shall be defined as a building that has never before been used or occupied for any purpose, and for the purposes of this chapter shall include a construction project where an alteration includes replacement or addition of over seventy-five percent of the wood frame construction (New, Using Portions of the Existing).
18.26.0540 Storm water management.
Cal Green Section 4.106.2 and in support of Bay Area Storm Water Management Agencies Association (BASMAA).
All residential homes, ADU's, condominiums, and townhouses that undergo additional roof area for habitation or nonhabitation shall include in the design, a storm water management system utilizing roof gutters, down spouts, leaders, drain pipes, drain swales, seepage pits, retention basins, and/or French drains to retain storm waters on-site and not to flow to the public storm system in the street or to a neighboring property. These actions will reduce the volume of landscape watering required and offer protection from bay pollutants caused by contaminated run off.
18.26.060 Construction Waste Management Plan.
Cal Green Section 4.408.2 through 4.408.5 requires all construction sites to submit a construction waste management plan (WMP). The following is considered the default WMP for all construction sites.
Waste Management Plan
There shall be no use of products, materials, paints, solvents, primers, caulks, or glues that exceeds California’s limit on Volatile Organic Compounds (VOC)
Construction wash-out water from concrete, mortar, tile, taping, and painting shall be done in a portable containment pool or in a lined evaporative pit. Upon completion of natural evaporation, the redidual waste shall be hauled off site.
Wash-out shall not enter the storm water system.
Trash piles shall not be located in the front yard or visible from the street. Trash piles shall not contain: paints, solvents, glues, taping compound, food products, or easily recycle-able discards such as bottles, cans, plastics, or paper or cardboard. Remaining trash shall be limited to concrete, wood, drywall, roofing, and assorted metals and shall be separated as well as covered with a waterproof tarp. Waste Stream Reduction requires that 65% of the construction trash shall be recycled or separately disposed of at an approved bay area disposal site such as Zanker Road or Guadalupe Recycling. All trash is to be hauled off site within 5 days. Retain the receipt and keep with the permit documents,. Proof of recycle and disposal of the job site trash will be checked and verified prior to a final inspection or a Certificate of Occupancy. Failure to comply with this WMS may receive a citation of $1000 for each offence. Projects that include New Homes, Additions, conversions into habitable space, and construction valuations in excess of $200,000 are required to participate in the Green Halo trash tracking system through the Public Works Division.
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18.26.0750 Electric vehicle charging.
Cal Green Section 4.106.4 Electric Vehicle (EV) Charging for New Construction (Single Family Homes) (EV Ready).
All residential new homes, ADU's, condominiums, and townhouses are required to provide one completed and ready to use (Level 1) 110 volt, 20-ampere, NEMA 1-20, 2 pole, 3 wire receptacle and a (Level 2) 208/240 volt, 40-ampere, NEMA 14-40, 3 pole, 4 wire receptacle, dedicated and labeled as EV Charging in the garage, or outside of the garage or near a parkway in a weatherproof cover (NEMA 3R) in the proximity of a vehicle parking area. If the living unit does not have a designated off-street parking area, the Building Official shall make the determination as to a reasonable and safe EV charging system placement or an exemption to the ordinance.
Cal Green Sections 4.106.4.2.1, 4.106.4.2.2, 4.106.4.2.3, 4.106.4.2.3 Multifamily Development Projects Electric Vehicle (EVCS) - All multifamily new construction shall make operational, the increased EV ready requirements of Cal Green as follows:
a. Multifamily with private garages: One (Level 1) 110 volt, 20-ampere, NEMA 1-20, 2 pole, 3 wire, and one (Level 2) 208/240 volt, 40-ampere, NEMA 14-40, 3 pole, 4 wire receptacle, dedicated and labeled as EV Charging;
b. Multifamily with shared Parking: 60% of all parking stalls or spaces to have a (Level 1) 110 volt, 20-ampere, NEMA 1-20, 2 pole, 3 wire, and 40% of all stalls or spaces to have (Level 2) 208/240 volt, 40-ampere, NEMA 14-40, 3 pole, 4 wire receptacle, dedicated and labeled as EV Charging.
Cal Green Sections 5.1006.5.3.1, 5.1006.5.3.2, 5.1006.5.3.3, 5.1006.5.3.4, 5.1006.5.3.5 Nonresidential Development Projects Electric Vehicle (EVCS) - All commercial new construction shall make operational, the increased EV ready requirements of Cal Green as follows:
a. Offices: 20% of all parking stalls or spaces to have a (Level 1) 110 volt, 20-ampere, NEMA 1-20, 2 pole, 3 wire dedicated and labeled as EV Charging. And 30% of all stalls or spaces to be EV capable that would included electric panel sizing, conduit and infrastructure to support (Level 2) 208/240 volt, 40-amp; b. Other non-residential: 10% of all parking stalls or spaces to have a (Level 1) 110 volt, 20-ampere, NEMA 1-20, 2 pole, 3 wire dedicated and labeled as EV Charging. And 10% of all stalls or spaces to be EV capable that would included electric panel sizing, conduit and infrastructure to support (Level 2) 208/240 volt, 40- amp.
Electric vehicle charging locations and equipment and placement and accessible routes shall be compliant to California Accessibility (CBC 11B-228.3 and 11B-812).
Automatic Load Management System (ALMS). A control system designed to manage load across one or more electric vehicle supply equipment (EVSE), circuits, panels and to share electrical capacity and/or automatically manage power at each connection point. ALMS systems shall be designed to deliver no less than 3.3 kVa (208/240 volt, 16- ampere) to each EV Capable, EV Ready or EVCS space served by the ALMS, and meet the requirements of California Electrical Code Article 625. The connected amperage to the building site for the EV charging infrastructure shall not be lower than the required connected amperage per California Green Building Standards Code, Title 24 Part 11.
Alterations of Existing Parking Areas - The mandatory provisions of Section 4.106.4.2 may apply to additions or alterations of existing parking facilities or the addition of new parking facilities serving existing multifamily buildings.
The mandatory provisions of Section 5.106.5.3 may apply to additions or alterations of existing parking facilities or the addition of new parking facilities serving existing nonresidential buildings.
Note(s)—Repairs including, but not limited to, resurfacing, restriping, and repairing or maintaining existing lighting fixtures are not considered alterations for the purpose of this section.
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18.26.060 Reserved.
18.26.070 Reserved.
SECTION 24. Section 18.28.030 (Inspection application.) of Chapter 18.28 (Housing Moving and Oversize Object Moving) of the Campbell Municipal Code is hereby amended to read as follows with underlining (underlining) indicating new text and strikeouts (strikeouts) indicating deleted text:
18.28.030 Building permit required. Inspection application.
A person seeking issuance of a permit under this chapter shall file an application for such permit with the Campbell Building Division building inspector.
(1) Form. The application shall be submitted electronically through the City’s website, unless the Building Official authorizes an alternative submittal method in writing. The application shall be made in writing upon forms provided by the building inspector and shall be filed in the office of the building inspector, who shall transmit one copy to the planning division.
(2) Contents. The application for a house relocation permit inspection to move a building from outside the city into the city, or for moving a building from one location within the city to another location within the city, shall include:
(A) An application fee of forty-five dollars to cover the cost of the survey and mileage to the site; (B) Copies of all building permits for the building from the jurisdiction in which it was constructed; (C) The building shall not be moved more than twenty miles distance from its proposed new location within the city;
(D) The location by street address of the structure's present location; (E) The location by street address and assessor's parcel number of the lot to which the proposed building is to be moved inside the city.
(3) Procedures.
(A) The building division and the planning division shall by appointment with the applicant inspect the present building and the site of its future location.
(B) The community development director and the building official shall make a determination in accordance with the zoning regulations and building codes permitting or disallowing the applicant to proceed any further, and notify the applicant in writing. (C) If the applicant disagrees with the decision of the building official and the community development director, the applicant may within ten days following the written decision file an appeal to the city council. The appeal must be filed in writing with the city clerk and must contain the name and address of the applicant and a general statement of the grounds of the appeal. The city clerk shall set the appeal for the next regular meeting of the city council and the appellant shall be notified in writing of the date, place, and time of the hearing.
SECTION 25. Section 18.28.070 (Moves into or within the city.) of Chapter 18.28 (Housing Moving and Oversize Object Moving) of the Campbell Municipal Code is hereby amended to read as follows with underlining (underlining) indicating new text and strikeouts (strikeouts) indicating deleted text:
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18.28.070 Moves into or within the city.
An applicant desiring to move a building to a location in the city shall make application on a form provided by the building division "House Moving Application."
(1) The current permit fee house moving fee of two hundred ninety-one dollars; (2) Application for building permit on the standard form provided by the building division; (3) All building division fees shall be as per Section 18.02.042; (4) A city business license.
SECTION 26. Section 18.28.080 (Moves outside the city.) of Chapter 18.28 (Housing Moving and Oversize Object Moving) of the Campbell Municipal Code is hereby amended to read as follows with underlining (underlining) indicating new text and strikeouts (strikeouts) indicating deleted text:
18.28.080 Moves outside the city.
An applicant desiring to move a building within the city to an outside location shall make application on the form provided by the building division entitled "House Moving Application." With the application, applicant shall include:
(1) The current permit fee A two hundred ninety-one-dollar moving permit fee; (2) A city business license;
(3) Location of sanitary sewer from Sanitation District No. 4; (4) Confirmation of worker's compensation insurance coverage; (5) Proof of public liability insurance in the amount of not less than one million dollars; (6) The applicant shall deposit with the building division the minimum sum of five hundred dollars by check, by moving bond, or any form of legal tender acceptable to the building inspector. This money shall be returned, after inspection by the building division showing the sewer is capped and the building site is returned to its original condition.
SECTION 27. Section 18.32.010 (Definition of “New Structure Using Portions of the Original Structure.”.) of Chapter 18.32 (Determination of Scope of Work) of the Campbell Municipal Code is hereby amended to read as follows with underlining (underlining) indicating new text:
18.32.010 Definition of "New Structure Using Portions of the Original Structure." A project shall be defined as a "new structure using portions of the original structure" when at least three of the following criteria are satisfied:
(1) The valuation of the proposed work exceeds one hundred eighty-five thousand dollars (valuation calculated using established valuations from the most current RS means - square foot and estimating software and book series and modified by the Building Division);
(2) Seventy-five percent or more of the existing roof framing (area) is proposed to be removed. Existing roof covered by a new roof shall be considered as removed for the purposes of this calculation; (3) Seventy-five percent or more of the existing exterior walls (lineal footage of wall length) are removed, altered, filled in, or rebuilt. In no event shall new exterior walls exceed more than seventy-five percent of the length of the existing exterior walls as determined by the building official. Nonconforming exterior walls shall not be included in the twenty-five percent remaining calculation (this subsection shall not apply to a proposed conversion of an accessory structure to an accessory dwelling unit); Item 7.7
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City Council Ordinance No. Page 45 of 45
2025 California Building Code (PLN-2025-129)
(4) Seventy-five percent or more of the existing interior walls (lineal footage of wall length) are removed, altered, filled in, or rebuilt. In no event shall new interior walls exceed more than seventy-five percent of the length of the existing interior walls as determined by the building official.
The Building Official shall publish guidance on the application of this code on the City website.
SECTION 28. Chapter 18.60 (Identification and Mitigation of Potentially Hazardous Buildings.) is hereby deleted in its entirety.
SECTION 29. The proposed Ordinance is exempt under Section 15061(b)(3) of the California Environmental Quality Act (CEQA) as there is no possibility that the proposed changes to the City’s Municipal Code may have a significant effect on the environment.
SECTION 30. That this Ordinance shall become effective thirty (30) days following its passage and adoption and shall be published, or summary thereof, one time within fifteen (15) days upon passage and adoption in the Metro Silicon Valley, a newspaper of general circulation for the City of Campbell, County of Santa Clara.
PASSED AND ADOPTED this _____ day of ____________, 2025 by the following roll call vote:
AYES: Councilmembers:
NOES: Councilmembers:
ABSENT: Councilmembers:
ABSTAIN: Councilmembers:
APPROVED:
_______________________
Sergio Lopez, Mayor
ATTEST:
_______________________________
Andrea Sanders, City Clerk
Item 7.7
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City Council Report
DATE: November 4, 2025
TITLE: Resolution Approving and Awarding a Construction Contract with American Ramp Company, in an Amount of $370,057 to Provide Equipment and Installation Services for the Community Center Skate Park Renovation (Project No. 25-OO); and Authorization for the City Manager to Execute Said Contract as Specified in Campbell Municipal Code Section 3.20.100 (Resolution/Roll Call Vote)
RECOMMENDED ACTION:
That the City Council adopt a resolution: 1) approving and awarding a construction contract with American Ramp Company, in an amount of $370,057 to provide equipment and installation services for the Community Center Skate Park Renovation (Project No. 25-OO), and allow the City to dispense with its formal bidding procedures as specified in Campbell Municipal Code (CMC) Section 3.20.030(6) for the procurement of these services through the City’s membership with Sourcewell (a Cooperative Purchasing Firm) and American Ramp Company’s (ARC) participation as a Sourcewell-certified vendor; and 2) authorizing the City Manager to execute said Construction Contract as specified in Campbell Municipal Code Section 3.20.100.
BACKGROUND
The Campbell Community Center Skate Park, located at the Campbell Community Center, was established as part of the 2005 Community Center Master Plan. For nearly two decades, its above-ground ramps have provided a valuable and accessible space for local skateboarders to develop and showcase their skills. In 2023, a member of the Parks and Recreation Commission recommended that the Community Center Skate Park be renovated. As a heavily used amenity, the skate park has long exceeded its intended lifespan. Its existing ramps no longer meet ASTM Safety Standards, and a large ramp was recently removed due to complete structural failure. In Fiscal Year 2024, the project was placed on the unfunded list.
At the July 2, 2024 meeting, City Council expressed desire to advance the schedule of the Community Center Skate Park Renovation project which was previously approved under the Parkland Fund and to be started in FY 2026 in the amount of $320,000.
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At the November 19, 2024 City Council meeting, the City Council approved a budget adjustment to allocate the remaining American Rescue Plan Act (ARPA) funds. Of those funds, $100,000 was designated for the design and related work of the Community Center Skate Park Renovation project. These funds were required to be under contract by December 31, 2024. Due to the short turnaround time, staff leveraged the Sourcewell cooperative purchasing program to expedite the process.
DISCUSSION
Public Works and Recreation and Community Services staff identified a procurement strategy to facilitate the vendor selection process while meeting the requirements set forth in the City’s purchasing policies. According to Campbell Municipal Code (CMC) Section
3.20.030(6), the City may dispense with its formal bidding procedures when the purchase of goods or services are as follows: ‘the City may elect to purchase supplies, materials or equipment directly from a vendor determined to be the lowest responsible bidder as a result of a competitive bid process conducted by the state of California, the county of Santa Clara or any other California county or municipality.’ Furthermore, staff also confirmed that the City’s membership with Sourcewell – a government purchasing cooperative firm – would allow staff to purchase services from one of their qualified vendors who has already been vetted by Sourcewell and meets the same standards as the City’s own competitive procurement process.
In November 2024, the City entered into a formal agreement in the amount of $99,500 with American Ramp Company (ARC), a nationally recognized firm specializing in skate park planning and construction, to lead the design and related preliminary work for the renovation of the Community Center Skate Park Renovation project. This partnership marked the beginning of a comprehensive planning phase aimed at transforming the existing facility into a more inclusive, functional, and dynamic space for users of all ages and skill levels.
Following the agreement, the City and ARC collaborated to develop a community outreach plan to engage the public in the design process. On March 1, 2025, the City and ARC hosted an in-person event at the Campbell Community Center Skate Park, featuring Olympian, professional skater, and ARC designer Julia Brueckler. The event served as a key opportunity to gather community input on preferred features and design elements. In addition, a concurrent community survey was conducted to collect feedback from those who were unable to attend in person.
At the May 7, 2025 Parks and Recreation Commission meeting, ARC presented the findings from the community engagement process and collected final input from the Commission on the proposed design. Following the May 7th meeting, City staff continued engaging with the community and worked closely with ARC to refine the preferred design option based on additional feedback.
With the approval of the FY 2026 CIP on June 17, 2025, Project No. 25-OO was fully funded ($420,000) and staff worked with ARC to provide a quote for the renovation of the existing skate park located at the Community Center based upon the preferred design from the community. In response, ARC submitted a quote to provide the necessary equipment, delivery and installation services for a contract amount of $370,057 Item 9.1
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(attached). ARC’s quote includes a discount applied on behalf of the City’s membership with Sourcewell and ARC’s participation as one of their certified vendors, and 9.875% tax on material. While the executed design contract was in the amount of $99,500, only $20,000 was used and the balance will be applied to the equipment procurement and installation.
Next Steps
Staff recommends that the City Council approve and award a service contract to American Ramp Company, in an amount of $370,057 to procure equipment, shipping and installation services for the Campbell Community Center Skate Park Renovation project.
Staff’s recommendation also allows the City to dispense with its formal bidding procedures in accordance with Campbell Municipal Code (CMC) Section 3.20.030(6), which authorizes the purchase of services through the City’s membership with Sourcewell and specifically from ARC as one of their certified vendors.
With contract execution required to commence services, staff is also requesting Council’s authorization for the City Manager to execute said agreement as specified in Campbell Municipal Code Section 3.20.100.
FISCAL IMPACT
This action will have a fiscal impact of $370,057 plus site preparation of $29,943; for a total $400,000. When initial design of $20,000 is added, the grand total is $420,000. This figure is within the amount budgeted in the City’s adopted CIP for the Community Center Skate Park Renovation (Project No. 25-OO) as well as previous ARPA allocations approved on November 19, 2024. Because the proposal is based on a turnkey quote, a contingency amount is not necessary. Therefore, sufficient funding is available to award the proposed construction contract to ARC, and implement additional improvements to prepare the site by a combination of City staff and minor contract during FY 2025/26 The sources and uses of funds are detailed below:
SOURCE OF FUNDS
Source Adopted Budget
American Rescue Plan Act (ARPA) $ 100.000
Parkland Dedication $ 320,000
Total $ 420,000
ANTICIPATED USE OF FUNDS
Use Adopted Budget
Design $ 20,000
Site preparation (by City staff/minor contract) $ 29,943 Item 9.1
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Equipment, Shipping, and Installation $ 370,057
Total $ 420,000
ALTERNATIVES
1. Do not proceed with the Community Center Skate Park Renovation project at this time; reallocate ARPA funds to other eligible operational expenditures; and defer project/replacement to a future fiscal year.
2. Direct staff to take alternate action.
PREPARED BY: Amy Olay, Public Works Director
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Report Approval Details
Document
Title:
Approve and Award Contract with American Ramp Company to Provide Labor and Equipment Services for the Community Center Skate Park Renovation Project (CIP No. 25-OO).docx
Attachments: Resolution ARC.docx
CAMPBELL SKATEPARK - Construction Contract - NO BID rev 2025.pdf
ARC Proposal.pdf
Final Approval
Date:
October 28, 2025
This document and all of its attachments were approved and signed as outlined below:
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RESOLUTION NO. ________________
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CAMPBELL APPROVING AND
AWARDING A CONSTRUCTION CONTRACT WITH AMERICAN RAMP COMPANY, IN AN AMOUNT OF $370,057 TO PROVIDE EQUIPMENT AND INSTALLATION SERVICES FOR THE COMMUNITY CENTER SKATE PARK RENOVATION (PROJECT NO. 25-OO), AND ALLOW
THE CITY TO DISPENSE WITH ITS FORMAL BIDDING PROCEDURES AS SPECIFIED IN CAMPBELL MUNICIPAL CODE (CMC) SECTION 3.20.030 (6) FOR THE PROCUREMENT OF THESE SERVICES THROUGH THE CITY’S MEMBERSHIP WITH SOURCEWELL (A COOPERATIVE PURCHASING FIRM) AND AMERICAN RAMP COMPANY’S (ARC) PARTICIPATION AS A SOURCEWELL-CERTIFIED VENDOR; AND AUTHORIZING THE CITY
MANAGER TO EXECUTE SAID CONTRACT AS SPECIFIED IN CAMPBELL MUNICIPAL CODE SECTION 3.20.100.
WHEREAS, the Campbell Community Center Skate Park, located at the Campbell Community Center, was established as part of the 2005 Community Center Master Plan.
WHEREAS, for nearly two decades, its above-ground ramps have provided a valuable and accessible space for local skateboarders to develop and showcase their skills; and WHEREAS, in 2023, a member of the Parks and Recreation Commission recommended that the Community Center Skate Park be renovated; and
WHEREAS, as a heavily used amenity, the skate park has long exceeded its intended lifespan, and its existing ramps no longer meet ASTM Safety Standards; and WHEREAS, at the July 2, 2024 meeting, City Council expressed desire to advance the schedule of the Community Center Skate Park Renovation project which was previously approved under the Parkland Fund and to be started in FY 2026 in the amount of $320,000; and WHEREAS, at the November 19, 2024 City Council meeting, the City Council approved a budget adjustment to allocate $100,000 of the remaining American Rescue Plan Act (ARPA) funds to the Community Center Skate Park Renovation project; and
WHEREAS, ARPA funds were required to be under contract by December 31, 2024; WHEREAS, due to the short turnaround time, the City would dispense with its formal bidding procedures as specified in Campbell Municipal Code (CMC) Section 3.20.030(6) for the procurement of these services through the City’s membership with Sourcewell (a Cooperative Purchasing Firm) and American Ramp Company’s (ARC) participation as a Sourcewell-certified vendor; and WHEREAS, in November 2024, the City entered into a formal agreement with American Ramp Company (ARC), a nationally recognized firm specializing in skate park planning and construction, to lead the design and related preliminary work for the renovation of the Community Center Skate Park Renovation project; and
WHEREAS, the City and ARC collaborated to develop a community outreach plan to engage the public in the design process; and
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WHEREAS, at the May 7, 2025 Parks and Recreation Commission meeting, ARC presented the findings from the community engagement process and collected final input from the Commission on the proposed design; and
WHEREAS, with the approval of the FY 2026 CIP on June 17, 2025, Project No. 25-OO was fully funded ($420,000) and ARC provided a quote for equipment and installation services in the amount of $370,057; and
WHEREAS, staff recommends that the City Council approve and award a service contract to American Ramp Company, in an amount of $370,057 to procure equipment, shipping and installation services for the Campbell Community Center Skate Park Renovation project as sufficient funding is available in the project’s CIP budget to award the proposed contract, and implement additional improvements, during FY 2025/26; and
NOW, THEREFORE, BE IT RESOLVED, that the City Council of the City of Campbell hereby: 1) approves and awards a construction contract with American Ramp Company, in an amount of $370,057 to provide equipment and installation services for the Community Center Skate Park Renovation (Project No. 25-OO), and allow the City to dispense with its formal bidding procedures as specified in Campbell Municipal Code (CMC) Section 3.20.030(6) for the procurement of these services through the City’s membership with Sourcewell (a Cooperative Purchasing Firm) and American Ramp Company’s (ARC) participation as a Sourcewell-certified vendor; and 2) authorizing the City Manager to execute said Construction Contract as specified in Campbell Municipal Code Section 3.20.100.
PASSED AND ADOPTED this _____th day of ________, 2025, by the following roll call vote:
AYES: Councilmembers:
NOES: Councilmembers:
ABSENT: Councilmembers:
APPROVED:
_________________________________
Sergio Lopez, Mayor
ATTEST:
___________________________
Andrea Sanders, City Clerk
Item 9.1
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Construction Contract 1
CONSTRUCTION CONTRACT
This Construction Contract (“Contract”) is entered into and effective this ____day of ______________________ (the “Effective Date”), by and between the CITY OF CAMPBELL (“City”), and American Ramp Company (“Contractor”) referred to herein individually as a “Party” and collectively as “the Parties.”
WHEREAS, The City hired American Ramp Company to provide consulting services for the purpose of redesigning the Campbell Community Center Park Skate Park with new infrastructure on November 20, 2024; and
WHEREAS, City agrees to hire Contractor for construction portion of the Campbell Community Center Skate Park Renovation (CIP No. 25-OO) (“Project”) to include equipment, shipping, and installation; and
WHEREAS, Contractor represents that it has the required license, expertise, means, and ability to perform said work as outlined in the scope of work provided within the proposal, which is attached as Exhibit “A” to this Contract;
NOW, THEREFORE, in consideration of each other’s mutual promises, and incorporating the above Recitals, the Parties hereto agree as follows:
1. Term of Contract. Contractor shall commence work within five (5) working days [or as promptly as practicable] after receipt of a written Notice To Proceed from the City and complete the work by May 1, 2026, based on an agreed upon work schedule. All time limits stated herein are of the essence. This Contract shall terminate upon the completion of Contractor’s work, unless terminated sooner pursuant to the terms of this Contract.
2. Scope of Work and Work Schedule. Contractor will perform the work consistent with the scope of work and work schedule as defined and described in the proposal attached hereto as Exhibit A, Contractor represents and warrants that Contractor: (i) is fully experienced and properly qualified to perform the class of work and service provided for herein, (ii) has the financial capability required for the performance of the work and services, and (iii) is properly equipped and organized to perform the work and services in a competent, timely, and proper manner, in accordance with the requirements of this Contract. Contractor shall supply all necessary labor, tools, materials, supplies, and equipment to perform the required work.
2.1 Change in Scope of Work or Work Schedule.
(a) Any change in the scope of work to be done, method of performance, nature of materials or price thereof, work schedule changing the number of working days, or to any other matter materially affecting the performance or nature of the services will not be paid for or accepted unless such change, addition or deletion is approved in advance by the City, in a written Contract Change Order.
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Construction Contract 2
(b) The changes will be set forth in written Contract Change Orders which specify the work to be done in connection with the changes, the basis of compensation for the work, and any adjustments to the work schedule or work completion date. Such Change Orders shall be approved by the City. Upon receipt of an approved Contract Change Order, or of a written authorization from the City setting forth a description of the change and agreed upon changes in contract price, the Contractor shall proceed with the work so ordered.
(c) In the absence of an approved Contract Change Order or written authorization, the Contractor shall not be entitled to payment for any changed or extra work or any adjustment to the work schedule or work completion date. (d) When the changes increase or decrease the cost of the work, an adjustment of the Contract price will be made as set forth in the Change Order. Contractor shall receive compensation at the fees and rates previously agreed upon in writing. (e) Contractor shall not be entitled to an adjustment in the compensation or work schedule for delay, disruption, or interference caused by or within the control of Contractor. Delay, disruption, and interference attributable to and within the control of a subcontractor or supplier shall be deemed to be within the control of contractor.
(f) If the provisions of any bond require notice to be given to a surety of any change affecting the general scope of work or the provisions of the Contract (including, but not limited to, compensation or work schedule), the giving of any such notice will be Contractor’s responsibility. The amount of each applicable bond will be adjusted to reflect the effect of any such change.
3. Authorized Representatives. The authorized representatives shall be individuals with the necessary authority to direct work within the scope of this Contract and shall serve as the principal point of contact for the Project for each respective party.
3.1 City. City designates the following individual(s) as CITY’s authorized representative(s): Amy Olay, Public Works Director. Only City’s authorized representative(s) is authorized to approve changes to this Contract on behalf of the City.
3.2 Contractor. Contractor designates the following individual(s) as Contractor’s authorized representative(s): _________________. Only Contractor’s authorized representative(s) is authorized to approve changes to this Contract on behalf of Contractor.
4. Hours of Work. All work will be performed during regular working hours between 8:00 a.m. and 5:00 p.m., Monday through Friday. No work will be done between the hours of 5:00 p.m. and 8:00 a.m., nor on Saturdays, Sundays or legal holidays except with the permission of the City Engineer, or except in case of an emergency.
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Construction Contract 3
5. Failure to Complete Work on Time (Liquidated Damages) All time limits stated in the Contract Documents are of the essence. If the work is not completed by Contractor in the time specified in the Contract, or within any period of extension authorized by City, it is understood that City will suffer damage; and it being impracticable and infeasible to determine the amount of the actual damage, it is agreed that Contractor will pay City, as fixed and liquidated damages, and not as a penalty, the sum of one Thousand and one hundred dollars ($1,100.00) for each calendar day of delay until the work is completed and accepted, provided, however, that Contractor will not be charged liquidated damages because of any delays in the completion of the work due to unforeseeable causes beyond the control and without the fault or negligence of Contractor. The City agrees that the Contractor shall not be assessed liquidated damages for delay in completion of the Project, when such a delay was caused by the failure of the City or the owner of a utility to prove for removal or relocation of such utility facilities as set forth in California Government Code Section 4215.
6. Licenses; Standard of Care; Quality Materials.
6.1 Contractor represents and agrees that all personnel engaged by Contractor in performing work and services are and shall be fully qualified and are authorized or permitted under state and local law to perform such work and services. Contractor represents and warrants to the City that it has all required licenses and qualifications to perform the work and services required under this Contract, and will furnish satisfactory proof to City upon request.
6.2 The materials and equipment furnished and used shall be new and unused and of the highest commercial quality currently available. The materials and equipment shall be manufactured, handled, and used in a workmanlike manner to ensure completed work in accordance with the work specifications.
6.3 Contractor shall perform the work and services under this Contract in a skillful and competent manner. Contractor shall be responsible to the City for any errors or omissions in the performance of work pursuant to this Contract. Should any errors caused by Contractor be found in such work and services, Contractor shall correct the errors at no additional charge to the City by redoing the work and agree to fulfill any and all warranty obligations for the work pursuant to Section 17 of this Contract.
7. Permits. Permits and/or regulatory approvals required by governmental authorities will be obtained by City at City’s expense.
8. Compensation/Contract Price.
8.1 Lump Sum/Budget Limit. City will pay Contractor, for actual and complete performance of the work and services at the rates and fees set forth in the Proposal detailed in Exhibit A, attached to this Contract. Contractor will not be reimbursed for any costs or expenses at any rates that exceed the rates set forth in Exhibit A, unless agreed to by City through a written Change Order. The total fees for the scope of work Item 9.1
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Construction Contract 4
shall not exceed the following budget amount: $290,557.63. Such budget amount shall be considered the full compensation for all personnel, materials, supplies, and equipment used by Contractor in the scope of work.
8.2 Progress Payments- Except as otherwise agreed to in the Proposal, Contractor shall prepare and submit to the City, detailed invoice(s) on a monthly basis for fees and costs incurred based on the percentage of completion of the various portions/tasks of work identified in the scope of work during the previous 30 day billing period. The invoice shall describe the progress of work rendered and shall be based on all labor and direct expense charges made for work performed hereunder. Labor charges shall be in accordance with the proposal. City shall pay the undisputed amounts due within thirty (30) days after the receipt of the invoice, subject to amounts it is contractually entitled to withhold or retain. The making of progress payments shall not be considered: (i) as City having inspected or approved Contractor’s work; (ii) to be an acceptance by City of any defective work or use of improper materials by Contractor. City is entitled to reduce the payment amount requested to account for defective work or if the estimate of the value of the work eligible for payment was incorrect.]
8.3 Retention. City may retain out of any payment due the Contractor up to 5% of the value of the work done and 20% of the value of the materials so estimated to have been furnished and delivered and unused. Under no circumstances shall any provision of this section be construed to limit the ability of City to withhold 150 percent of the value of any disputed amount of work from the final payment, as provided for Public Contract Code section 7107(c). In the event of a good faith dispute, nothing in this section shall be construed to require a public entity to pay for work that is not approved or accepted in accordance with the proper plans or specifications.
8.3.1 Securities in Lieu of Retention. In accordance with Public Contract Code Section 22300, except where federal regulations or polices do not permit substitution of securities, the Contractor may substitute securities for any moneys withheld by the City to ensure performance of the work. At the Contractor’s request and expense, securities equivalent to the amount withheld will be deposited with the City, or with a state or federally chartered bank in California as the escrow agent, who will then pay those moneys to the Contractor under the terms of an Escrow for Security Deposit agreement, in a form as approved by the City. Upon satisfactory completion of the work, the securities will be returned to the Contractor. Securities eligible for investment in accordance with this provision include those listed in Government Code Section 16430, bank or savings and loan certificates of deposit, interest bearing demand deposit accounts, standby letters of credit, or any other security mutually agreed to by the Contractor and the City. The Contractor will be the beneficial owner of any securities substituted for moneys withheld and will receive any interest thereon.
8.3.2 Escrow for Security Deposit . Alternatively, at the Contractor’s request and expense, the City will pay retentions earned directly to the escrow agent. At the Contractor’s expense, the Contractor may direct investment of the Item 9.1
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payments into securities. Upon satisfactory completion of the work, the Contractor will receive from the escrow agent all securities, interest, and payments received by the escrow agent from the City pursuant to this provision and the terms of the Escrow for Security Deposit agreement, in a form as approved by the City. The Contractor will, within 20 days of receipt of payment, pay to each subcontractor the respective amount of interest earned, less costs of retention withheld from each subcontractor, on monies withheld to ensure the Contractor’s performance of the work under this Contract.
8.4 Final Payment. After completion of the work, the Contractor shall provide the final invoice of the work done and all payments due under the Contract, which show any deductions or amounts retained, if applicable. The amount determined due, less any retained amount, is payable 30 days after the completion and acceptance of the work in the manner provided by law and until after the Contractor has furnished the City a release by all claims by the Contractor and its subcontractors against City arising by virtue of the Contract, except such claims in definite amounts as the Contractor may specifically exempt from the operation of the release. City shall pay the retention amount to Contractor within 60 days after completion of the work pursuant to Public Contract Code §7107. The making of a final payment will not constitute a waiver by City of claims or rights against Contractor.
9. Acceptability of Work. City’s authorized representative shall decide all questions which may arise as to the quality or acceptability of materials furnished and work performed and as to the manner of performance and rate or progress of the work. When the authorized representative has made the final inspection and determines that the Contract has been completed in all respects in accordance with the specifications and requirements, s\he will recommend that the work be formally accepted. Acceptance of the work shall not waive City’s rights and remedies related to the work.
10. Site Conditions and Safety.
(a) During the course of performing the scope of work under this Contract, the security and safety of the work area/site and construction materials and equipment will be Contractor’s sole responsibility. Contractor shall at its sole cost and expense, ensure that the work site is properly maintained as to avoid injury or damage to any person or property in accordance with applicable legal and safety requirements, that all necessary barriers or signage to deter unauthorized entry and to protect the public are in place, such as notifying, warning, and protecting the public of any dangerous conditions on the property related to the work, installing a secure construction fence, security surveillance and patrol, and other reasonable measures, and as further requested by City to protect public health and safety during the course of the work. (b) No material or equipment shall be stored where it will interfere with the safe passage of public traffic or the traffic of City or any other adjacent jurisdiction; and at the end of each day’s work and at other times when construction operations are suspended for any reason, Contractor shall remove all equipment and other obstructions from that portion Item 9.1
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of the roadway open for use by public traffic, the City, and other adjacent jurisdiction.
Spillage resulting from hauling operations along or across any public traveled way shall be removed promptly.
(c) Contractor shall not unreasonably interfere with the public’s use of the public right-ofway to the extent the public right-of-way is usable and accessible during the course of performing the Work. When Contractor’s operations require one-way traffic or creates a condition hazardous to public traffic, Contractor shall provide and station competent flaggers whose sole duties shall consist of directing the movement of public traffic through or around the work, and as further required to comply with applicable traffic rules of the California Manual on Uniform Traffic Control Devices (CA MUTCD). (d) Contractor shall exercise due care to avoid damage to existing improvements, utility facilities, and adjacent property. The fact that any pipe or underground facility is not shown on the drawings shall not relieve the Contractor of responsibility or ascertaining the existence of any underground improvements or facilities which may be subject to damage by reason of the work.
(e) In carrying out its work, Contractor shall at all times, exercise all necessary precautions for the safety of employees appropriate to the nature of the work and the conditions under which the work is to be performed, and be in compliance with all federal, state and local statutory and regulatory requirements including State of California, Division of Industrial Safety (Cal/OSHA) regulations, and the U.S. Department of Transportation Omnibus Transportation Employee Testing Act (as applicable). Safety precautions as applicable shall include instructions in accident prevention for all employees and the public, such as safe walkways, scaffolds, fall protection, ladders, bridges, gang planks, confined space procedures, trenching & shoring, equipment and wearing apparel as are necessary or lawfully required to prevent accidents or injuries or damage to public or private property. (f) Contractor agrees to keep the construction site and other areas related to the work in a neat and sanitary condition as reasonably possible at all times. All waste, rubbish, other debris, and any excess excavated material shall be removed from the work site in a manner that conforms to all applicable state, federal, and local laws and regulations. If dust problems should occur, dust control will be provided by the Contractor in a manner approved by the City at no additional expense to the City. At the start of the project, if applicable, Contractor will place filter fabric in all storm drain inlets in the project area so as to prevent soil particles from entering. If applicable, trench dewatering must be conducted so as to minimize sediment from entering storm drains in compliance with state laws.
(g) Upon completion of the work, Contractor shall leave the City property and public rightof-way in a clean and orderly condition and except for the work under this Contract, shall restore or replace in-kind any improvements or landscaping damaged by Contractor, including any public property impacted by the work.in this Contract. The cost of such repairs shall be borne by the Contractor and may be deducted from any monies due or to become due the Contractor under the Contract. In the event Contractor fails to carry out Item 9.1
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its obligations pursuant to this Section, the City shall have the right to make any corrections or repair any damages caused by Contractor and Contractor shall be responsible to pay the City all costs, including City administrative staff time, arising therefrom within thirty (30) days of the date of an invoice therefor. (h) Any loss or damage to Contractor’s materials and equipment in the work area is Contractor’s sole responsibility, and the City shall not have any liability for any such loss or damage. Contractor is also solely responsible for any personal injury or property damage related to Contractor’s activities on or outside of City property, on private property, and in the public right-of way under this Contract, except to the extent caused by City’s gross negligence or willful misconduct.
11. Hazardous Materials.
(a) Contractor shall not engage in any activity on, under, or about the City property, public right-of-way, or work site that violates any Federal, State or local laws, rules or regulations pertaining to hazardous, toxic or infectious substances or materials (“Hazardous Substances” or “Hazardous Materials”), and shall promptly, at Contractor’s expense, take all investigatory and/or remedial action required or ordered for clean-up of any contamination of the City property, public right-of-way, work site, or affected area of the elements surrounding the same created, released, or exacerbated by Contractor.
For the purposes of this Contract, the term “Hazardous Substances” or “Hazardous Materials” shall mean any substance or material which is capable of posing a risk of injury to health, safety or property, including all those materials and substances designated as hazardous or toxic by any federal, state or local law, ordinance, rule, regulation or policy, including but not limited to, all of those materials and substances defined as “Toxic Materials” in Sections 66680 through 66685 of Title 22 of the California Code of Regulations, Division 4, Chapter 30, as the same shall be amended from time to time, or any other materials requiring remediation under federal, state or local laws, ordinances, rules, regulations or policies. (b) If Contractor encounters, uncovers, or reveals the presence of Hazardous Materials at the work site or in any way related to the work, which removal or remediation is not expressly identified in the Contract as being within the scope of the work, or if Contractor or anyone for whom Contractor is responsible for the release, the presence or exacerbating the presence of Hazardous Materials, then Contractor shall immediately:
(1) secure or otherwise isolate such condition; (2) stop all work in connection with such condition and in any area affected thereby; and (3) notify City within 24 hours of Contractor’s knowledge of the presence of the Hazardous Materials. (c) If Contractor or anyone for whom Contractor is responsible for the release, the presence or exacerbating the presence of Hazardous Materials, Contractor is responsible for its remediation in compliance with all applicable laws and regulations. If Contractor fails to do so within a reasonable period of time, then City may remove and remediate the Hazardous Materials Condition, and impose a set-off against payments to account for the associated costs, including administrative fees..
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(d) To the fullest extent permitted by law, Contractor shall defend, indemnify, and hold harmless the City, its officials, officers, employees, and agents from any and all costs, claims, expenses, penalties and attorney’s fees and costs arising out of a breach by Contractor of the subsection (a) above, including, but not limited to, the investigation, remediation and abatement of any contamination therein involved where the contamination was caused, released, or exacerbated by the acts or omissions of Contractor, its employees, subcontractors, suppliers, or agents or by anyone who was acting under Contractor’s authority or control.
i. The obligations of the Contractor under this Section 11 of the Contract shall survive expiration or termination of this Contract to the fullest extent permitted by law.
ii. Contractor is only exempt from this indemnity obligation to the extent that the Hazardous Materials were not created or released, or the presence of the Hazardous Materials was not exacerbated by the acts of omissions of Contractor, its employees, subcontractors, suppliers, agents, or by anyone who was acting under Contractor’s authority or control.
12. Access for Inspection.
Contractor shall at all times maintain proper, safe, and secure facilities and provide safe access for inspection by City, its employees, or agents, to all parts of the work, as is reasonably possible. Nothing in this Contract is intended or shall be construed to limit in any way access by City to the work area at all reasonable times during the duration of this Contract, or the right of entry or inspection that City, its employees, agents, or any other governmental agency may have by operation of law. All work done and all materials furnished shall be subject to City’s inspection and approval. The right of general supervision shall not make the Contractor an agent of City and the liability of the Contractor for all damages to persons or to public or private property arising from the execution of the work shall not be reduced or waived because of such general supervision. The day-to-day inspection performed by the various inspectors employed by the City shall not constitute approval or ratification of work improperly done by the Contractor.
13. Indemnification.
(a) To the fullest extent permitted by law, Contractor agrees to indemnify, defend (with counsel reasonably satisfactory to the City), and hold harmless the City, its officials, officers, and employees from and against any and all claims, demands, actions, damages, or expenses, (including attorney’s fees and costs) arising in any way related to the obligations or performance of this Contract by the Contractor, Contractor’s employees, subcontractors, or agents, except where caused by the sole or active negligence, or willful misconduct of the City. Contractor’s obligation under this Section 13 of the Contract to defend shall arise regardless of any claim or assertion that City and its related parties caused or contributed to any claims. The obligations of the Contractor Item 9.1
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under this Section 13 of the Contract shall survive expiration or termination of this Contract to the fullest extent permitted by law.
(b) Contractor shall require its subcontractors to agree to the indemnification obligations stated in this Section 13 to the same extent and under the same terms and conditions as Contractor is required to defend, indemnify, and hold harmless City, its officials, officers and employees, as stated herein.
14. Insurance. Contractor agrees to procure and maintain the insurance coverages and limits, as required by City prior to the commencement of work, as specified in Exhibit “B”. Contractor agrees to provide City with a certificate of insurance, duly authenticated, evidencing the insurance required under this Agreement and such other evidence of insurance, including but not limited to copies of policies, as may reasonably be required by the City from time to time.
Satisfactory evidence of said coverage shall be provided to the City within ten (10) days of award of Contract.
15. Subcontractors.
(a) Except as provided in the scope of work or unless with the prior written approval of the City, Contractor shall not enter into any subcontract with any other party for purposes of providing any work or services covered by this Contract. Any subcontractors used on this public work project must be registered with the DIR in compliance with Labor Code sections 1771.1 and 1725.5, and Contractor shall provide proof of registration thereof. (b) In the event that Contractor employs any subcontractor, sub-tier contractor, or any person or entity involved for, with, or on behalf of Contractor in the performance of this Contract under Contractor’s control or authority (“subcontractor”), it shall be the Contractor’s responsibility to require and confirm that each subcontractor meets the minimum insurance requirements specified in Exhibit B. Contractor shall require all subcontractors to provide a valid certificate of insurance and the required endorsements to name the City as an additional insured under the liability insurance policies prior to commencing any work, and will provide proof of compliance to the City. (c) Subcontractors are to be bound to Contractor and to City in the same manner and to the same extent as the Contractor is bound to City under this Contract. Contractor shall be responsible to the City for the performance of any and all subcontractors who perform work under this Contract and any acts of negligence on their part. Contractor is solely responsible for all payments due to any subcontractor.
16. Bonds/Security for Work. It is agreed that Contractor shall furnish, concurrently with the execution hereof, cash, bond or other security authorized by the regulations of the City, naming the City as the beneficiary or loss payee, as set forth below:
16.1 Labor and Material Bond and Performance Bond
City also requires:
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1) a labor and material bond in the amount of 100% of the estimated cost of the work to ensure payment to all contractors, subcontractors, laborers, suppliers, and materialmen performing work or supplying materials (attached hereto as Exhibit C), 2) a performance bond in the amount of 100% of the estimated cost of the work to ensure faithful performance of the work (attached hereto as Exhibit D). If the Performance Bond provides for a one-year warranty to assure responsibility for the repair, replacement or reconstruction of the work or facilities during the year following completion and acceptance by the City, a separate Maintenance Bond is not necessary.
16.2 Form of Security. Bonds shall be duly executed by a responsible corporate surety, authorized to issue such bonds in the State of California and secured through an authorized agent with an office in California.
The surety on each of said above bonds or other form of security (collectively, “Security”), and the form thereof shall be satisfactory to the City. If Contractor seeks to replace any Security instrument with another Security instrument, the replacement shall: (1) comply with all the requirements for Security in this Contract; (2) be provided by Contractor to City; and (3) upon its written acceptance by the City, be deemed a part of this Contract. Upon the City’s acceptance of a replacement Security, the former Security may be released by the City upon Contractor’s written request.
16.3 Release of Security. City may withhold from any security to be released pursuant to this Section amounts sufficient to cover City’s costs and reasonable expenses and fees, including reasonable attorney’s fees, incurred as a result of a breach or an event of default. The City shall release the Performance Bond and Labor and Materials Bond amounts remaining after withholding, if any, as follows:
i. At six (6) months from the date of acceptance of the completed work, and after all deficiencies have been corrected and in the absence of any claim against such Security, whichever is later, City shall release 100% of the Labor and Materials Bond attributable to the accepted work. If claims against the Labor and Material Bond have been filed, such Security shall be reduced to an amount equal to the total amount claimed by all claimants for whom liens have been filed and of which notice has been given to City. The balance of the Security shall be released upon settlement or release of all claims and obligations for which the Security was given.
ii. Upon acceptance by City of the completed work, the City shall release the Performance Bond in an amount equal to 90% of the value of the accepted work. The remaining 10% of the Performance Bond shall remain in effect to guarantee the repair and replacement of defective equipment, materials and work, discovered within one (1) year after final payment has been accepted by the Contractor and Contractor has paid to the City all damages sustained by it on account of such defects. After one (1) year from the date of acceptance of the completed work or after satisfaction of the one (1) year Item 9.1
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warranty period, whichever is later, and after any deficiencies have been corrected and in the absence of any claim against such Security, the City shall release the remaining 10% of the Performance Bond.
ii.
17. California Air Resources Board (CARB). Contractor agrees as follows:
a. Contractor and Subcontractors shall maintain compliance with CARB requirements for certificate of reported compliance regarding in-use off-road diesel-fueled fleets regulation as stated in California Code of Regulations, Title 13 § 2449 et seq. Non-compliant vehicles are not permitted onsite unless and until Contractor provides City with a valid Certificate of Reported compliance.
b. Contractor must provide a statement verifying whether they comply or whether they are exempt from the regulation concurrently with the execution hereof. If in-use off-road diesel-fueled fleets regulation is applicable to the project, the Contractor shall submit a CARB’s Certificate of Reported Compliance (Certificate), attached and incorporated herein as Exhibit E, for vehicles subject to Cal. Code Regs., Title 13 § 2449 et seq. c. Contractor is solely liable for all costs associated with compliance of all regulations imposed by CARB including, without limitation, Title 13 and all pending amendments, as well as all penalties, fines, damages, or costs associated with violations or failures to comply with these regulations. Contractor shall defend, indemnify, and hold harmless the City, its officials, officers, employees, agents, and authorized volunteers free and harmless from any claims, liabilities, costs, penalties, or interest arising from failure to comply with the aforementioned regulations.
18. Warranty of Work and Correction Guaranty. Contractor guarantees and warrants the work under this Contract, and agrees to correct any deficiencies and defects in materials, equipment, supplies and workmanship; and Contractor agrees to remedy any damages arising from faulty or defective materials, equipment, or work at no cost to the City for a period of one (1) year after City’s acceptance of the work or the work’s completion, whichever is later.
A longer warranty period may apply where the supplier or manufacturer of the equipment or material provides a longer guaranty period. During the one year warranty or other applicable time period, Contractor at its sole cost and expense agrees to promptly make all needed repairs or replacements arising out of defective materials, equipment, or workmanship. City is hereby authorized to make such repairs if, within 10 business days after delivery of a notice in writing to the Contractor or its agent, the Contractor neglects to commence or undertake with due diligence the aforesaid repairs, replacements, or reconstruction; provided, however, that in case of an emergency where, in City’s reasonable discretion, delay would cause serious loss or damage, repairs may be made without notice being sent to the Contractor. In the event that the City is required to perform the repair work during the warranty period, Contractor shall pay all costs, losses, and damages arising out of or relating to such repair, removal, replacement, or reconstruction plus the City’s overhead fee of an additional 15% of all costs incurred by the City. This warranty provision does not affect or limit the City’s Item 9.1
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remedies in law or equity, including but not limited to, applicable statutes of limitations relating to defective work and breach of this Contract.
19. Title to Improvements.
Title to, and ownership of, all improvements constructed hereunder by Contractor shall vest absolutely in the City, upon completion and acceptance of such improvements by the City.
20. State Labor Code.
20.1 Prevailing Wages. This project is subject to compliance monitoring and enforcement by the Department of Industrial Relations (DIR). Contractor will be responsible for verifying compliance with all prevailing wage laws and regulations for all subcontractors. Pursuant to Section 1774 of the Labor Code, the Contractor and any subcontractors shall pay not less than the specified prevailing rates of wages to workers performing work and services under this Contract. If the Contract is federally-funded, the Contractor and any subcontractors shall not pay less than the higher of these rates or the rates determined by the United States Department of Labor. Pursuant to Section 1775 of the Labor Code, the Contractor and any subcontractors, shall, as a penalty to the City, forfeit the prescribed amounts per calendar day, or portion thereof, for each worker paid less than the prevailing wage rates. The Contractor is responsible for posting job site notices as prescribed by regulation pursuant to Labor Code section 1771.4(a)(2). The Contractor and each subcontractor, if any, must be registered with the DIR pursuant to Labor Code section 1725.5 and section 1771.1. The Contractor and each subcontractor, if any, must submit electronic certified payroll records at regular intervals (weekly, biweekly, or monthly), to the Labor Commissioner pursuant to Labor Code 1771.4.
Payroll records will contain all the information required pursuant to Labor Code Section 1776 and be signed under penalty of perjury.
20.2 Apprentices. Apprentices shall be employed on the work under this Contract in accordance with Labor Code Section 1777.5. The Contractor is responsible for compliance with Labor Code Section 1777.5 for all apprenticeable occupations whether employed directly or through subcontractors.
20.3 Contractors’ Duties Concerning Labor Code Compliance. As required by Labor Code 1775(b)(1), Labor Code Sections 1771, 1775, 1776, 1777.5, 1813 and 1815 are required to be included in the contract between the Contractor and subcontractors. The Contractor agrees to comply with these sections and all remaining provisions of the Labor Code.
20.4 Hours of Labor. Pursuant to Section 1810 of the Labor Code, 8 hours of labor shall constitute a legal day’s work. Pursuant to Section 1813 of the Labor Code, the Contractor and any subcontractors, shall, as a penalty to the City, forfeit the prescribed amount per calendar day for each worker required or permitted to work more than 8 hours in any 1 calendar day and 40 hours in any 1 calendar week without being compensated in accordance with Section 1815. Contractor shall include terms in its subcontracts as required to make this paragraph effective as to each Subcontractor. Upon written request, Contractor shall withhold penalties forfeited by a Subcontractor pursuant to Labor Code Item 9.1
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section 1813 and this paragraph from payments due to such Subcontractor and remit such penalties withheld to the City.
20.5 Failure to Comply with Prevailing Wage. Any failure of Contractor and/or its subconsultant to comply with the above requirements relating to a public work project shall constitute a breach of this Contract that excuses the City’s performance of this Contract at the City’s sole and absolute option and shall be at the sole risk of Contractor.
Contractor on behalf of itself and any subcontractor, agree to indemnify, defend and hold harmless the City and its officials, officers, employees, and agents from and against any and all claims, liabilities, losses, costs, expenses, attorney’s fees, damages, expenses, fines, financial consequences, interest, and penalties, of any kind or nature, arising from or relating to any failure (or alleged failure) of the Contractor and any subcontractor to pay prevailing wages or to otherwise comply with the requirements of prevailing wage law relating to a public work.
21. Business License Tax. Contractor agrees that Contractor, its subcontractors and/or agents (if any) will comply with all applicable federal, state, and local licensing requirements and agrees to provide proof of a current City of Campbell Business Tax Certificate if:
• Contractor, its subcontractor(s) and agent(s) or its business is/are located in the City of Campbell;
• Will perform actual work in the City of Campbell for 6 or more days annually; or • Will use company vehicles to deliver within the City of Campbell for 6 or more days annually.
For additional information and licensing requirements, view the City’s Business Licenses webpage or call 408/866-2174.
22. Compliance with Laws. All activities of Contractor will be carried out in compliance with all applicable federal, state, and local laws and regulations, including applicable ordinances and resolutions. City, and its officials, officers, and employees, shall not be liable at law or in equity by reason of the failure of the Contractor to comply with this paragraph.
23. Storm Water Requirements. To the extent applicable to the Scope of Work under this Agreement, Consultant, Consultant’s employees, subcontractors, and agents are required to abide by the applicable City of Campbell’s Stormwater Treatment Requirements for the duration of the work. The City’s mandatory Stormwater Treatment Requirements, which are listed according to the type of work, operations, or business, are located on the City website at: https://www.campbellca.gov/213/Requirements.
24. Equal Employment Opportunity. Contractor agrees to refrain from discriminatory employment practices on the basis of race, religious creed (including religious dress and grooming practices), color, national origin (including language use restrictions), ancestry, religion, disability (mental and physical), medical condition, sex, gender (including gender identity and gender expression), physical characteristics, marital status, age, sexual orientation, genetic information (including family health history and genetic test results), organizational affiliation, and military or veteran status, or any other consideration made unlawful by local, state or federal law, regarding any employee of, or applicant for Item 9.1
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employment with, such Contractor.
25. Event of Default and Notice. If Contractor (i) refuses or fails to proceed with the work with such diligence as will insure its completion within the time specified, including any extensions, (ii) fails to obtain completion of said work or improvement within such time, (iii) if the Contractor should be adjudicated as bankrupt, (iv) if Contractor should make a general assignment for the benefit of Contractor’s creditors, (v) if a receiver should be appointed in the event of Contractor’s insolvency, or (vi) if Contractor, or any of its subcontractors, agents, or employees should violate any of the provisions of this Contract, such occurrence or action shall constitute a “Default” under the Contract, and constitute cause for termination. City may serve written notice upon Contractor and it’s surety of the event of Default under this Contract. City shall have the right, subject to this Section, to draw upon or use the appropriate security to do or cause to be done acts required of Contractor that Contractor has failed to perform or to otherwise mitigate City’s damages in the event of Default by Contractor. City’s right to draw upon or use the Security is in addition to any other remedy available to City. The Parties acknowledge that the estimated costs and surety amounts may not reflect the actual cost of construction of the work and, therefore, City’s damages reimbursable by Contractor for Contractor’s Default shall be all of the actual costs of completing the required work, or severable improvement thereof, regardless of whether the City’s costs of completion exceeds the amount of the surety amounts. City also is entitled to recover all associated costs of enforcing the terms of this Contract including City administrative costs for staff time, consultant fees, court fees, and attorneys’ fees and costs.
26. Termination.
(a) City may terminate this Contract at any time, with or without cause, in its sole discretion, by giving written notice to Contractor at least ten (10) calendar days prior to such termination. City may, at its option, allow Contractor to cure its failure to perform within 10 business days (or longer period authorized in writing by City) from the date of the City’s termination notice. The termination shall be become effective if Contractor has not cured within the specified time period to the City’s satisfaction. (b) Contractor may terminate this Contract for cause by providing written notice of intent to terminate not less than thirty (30) calendar days prior to an effective termination date.
Contractor may terminate for cause if the City fails to cure a material default in performance within a period of thirty (30) calendar days (or such longer period agreed to by Contractor), from the date of the Contractor’s written termination notice specifying the default in performance.
(c) Upon notice of termination by either the City or Contractor, Contractor will immediately act to not incur any additional obligations, costs or expenses, except as may be reasonably necessary to terminate its activities. City’s only obligation to Contractor will be payment for work authorized by and received to the satisfaction of the City up to and including the effective date of termination less any amounts withheld by the City for any expenses or damages sustained by City related to Contractor’s acts or omissions under the Contract.
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(d) In the event of Contractor’s failure to perform pursuant to the Contract, the City reserves the right to obtain services elsewhere and Contractor will be liable for the difference between the Contract costs set forth in the terminated Contract and the actual full cost to the City to complete the Project. When exercising any rights or remedies under this paragraph, the City shall not be required to obtain the lowest price for the work performed.
(e) Subject to the terms and operation of any applicable performance bond, if the City has terminated the Contract for cause, it may exclude Contractor from the work site, take possession of the work, incorporate in the work all materials and equipment stored at the site or for which the City has paid Contractor but which are stored elsewhere, and complete the work as the City may deem expedient.
(f) Termination of the Contract pursuant to this Section shall not relieve Contractor of any liability to the City for additional costs, expenses, or damages sustained by the City due to failure of Contractor to perform pursuant to the Contract. City reserves all remedies available to it at law or in equity for breach of Contractor’s obligations under this Contract, or failure to pay the City any damages due or penalties assessed within the time prescribed. City may withhold any payments to Contractor for the purpose of set off until such time as the exact amount of damages due the City from Contractor is determined. After the effective date of termination, Contractor will have no further claims against the City under the Contract. City shall not be liable for costs incurred by Contractor or its subcontractor(s) after receipt of a notice of termination No other compensation will be payable to Contractor for any loss of anticipated profits on unperformed services or other economic loss arising out of or resulting from such termination.
27. Trenching. Contractor shall be responsible for complying with the provisions of California Public Contracts Code Section 7104 regarding trenching and excavations that extend deeper than four (4) feet below the surface.
28. Dispute Resolution. The Parties agree to attempt in good faith to resolve through negotiation any dispute, claim or controversy arising out of or relating to this Contract.
Either party may initiate negotiations by providing written notice in letter form to the other party, setting forth the subject of the dispute and the relief requested. Promptly upon such notification, the Parties shall meet at a mutually agreeable time and place in order to exchange relevant information and perspective, and to attempt to resolve the dispute. In the event that no resolution is achieved, and if, but only if, the parties mutually agree, then prior to pursuing formal legal action, the parties shall make a good faith effort to resolve the dispute by non-binding mediation or negotiations between representatives with decision-making power, who, to the extent possible, shall not have had substantive involvement in the matters of the dispute. If the dispute is not resolved by these negotiations, the matter will be handled as the parties may agree or, otherwise as allowed by applicable law. Notwithstanding the foregoing provisions, nothing contained in this Contract shall impair the parties’ right to immediately pursue any and all legal remedies Item 9.1
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which may be available should there be a default in the terms of this Contract, and a failure to cure said default after notice as required under this Contract. If required by statute (e.g. applicable statute of limitation) to perfect or preserve a claim, either party may file the required notice of claim and/or commence litigation. To the extent that the Project involves or qualifies as a public works project, the Parties agree to comply with Public Contract Code sections 9204(e) and 20104-20104.6, but without waiving the requirements of the California Tort Claims Act, Gov’t Code section 800 et seq. unless otherwise agreed to by the Parties.
29. Contractor’s Records. City shall have the right to access and review records of Contractor and subcontractors related to the work on this Project for at least three years (or longer as otherwise specified) after issuance of final payment under this Contract. When state or federal funds are involved in the Project’s funding or financing, the state or federal government shall have the same rights of access and examination as the City under this provision.
30. Independent Contractor. Contractor represents that it has or will secure at its own expense all personnel, materials, and related services required to perform the services under this Contract. Contractor (and its employees, agents, representatives, and subcontractor(s)), in the performance of this Contract, shall act in an independent capacity and not as officers or employees or agents of the City. Contractor, not the City,shall have exclusive and complete control over its employees and subcontractors, and shall determine the method of performing the services hereunder. City, however, retains the right to require that work performed by Contractor meet specific standards consistent with the requirements of this Contract without regard to the manner and means of accomplishment thereof.
31. Contractor Not an Agent. Contractor shall have no authority, express or implied, to act on behalf of the City in any capacity pursuant to this Contract to bind the City to any obligation whatsoever.
32. Conflict of Interest. Contractor agrees to comply with conflict of interest laws in performing the work and services under this Contract. Contractor covenants that it presently has no interest and shall not acquire any interest, direct or indirect, which would conflict in any manner or degree with the performance of services required to be performed under this Contract. Contractor acknowledges that it is aware of and agrees to comply with the provisions of the Political Reform Act, Section 1090 of the Government Code, and the City’s conflict of interest code. Contractor will immediately advise the City if Contractor learns of a conflicting financial interest of Contractor’s during the term of this Contract.
33. Legal Remedies. Either Party shall be entitled to all remedies afforded by law or in equity to enforce their respective rights under this Contract. No right or remedy in this Contract are intended to be exclusive of any other right or remedy, but every such right or remedy shall be cumulative and shall be in addition to and not a limitation of any duties, obligations, rights and remedies otherwise imposed or available by law, in equity or in the Contract.
34. Assignment and Successors. Contractor shall not assign any portion of the work required by Item 9.1
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this Contract nor otherwise assign or transfer any interests in it without prior written approval of City, which may be withheld or delayed in City’s sole and absolute discretion. This Contract will be binding on the heirs, legal representatives, successors and assigns of the Parties named herein.
35. Amendment. Except as otherwise provided in this Contract, neither this Contract nor any provision hereof may be waived, modified, amended, or discharged, or terminated except by an instrument in writing signed by the Parties, and then only to the extent set forth in such writing.
36. Force Majeure. Neither party hereto shall be considered in default in the performance of its obligation hereunder to the extent that the performance of any such obligation, except the payment of money, is prevented or delayed by an act of God, natural disaster, pandemic, acts of terrorism, war, by a strike, lockout or other labor difficulty, or other peril, which is beyond the reasonable control of the affected party and without the negligence of the respective Parties. Each party hereto shall give notice promptly to the other of the nature and extent of any Force Majeure claimed to delay, hinder or prevent performance of the services under this Contract. Each Party will, however, make all reasonable efforts to remove or eliminate such a cause of delay or default and will, upon the cessation of the cause, diligently pursue performance of its obligations in this Contract. In the event either Party is prevented or delayed in the performance of its respective obligation by reason of such Force Majeure, there may be an equitable adjustment of the schedule only.
37. Governing Law and Venue. This Contract shall be governed and construed in accordance with the laws of the State of California. The Parties hereby agree that any action or proceeding to enforce any provision of this Contract shall be brought only in the appropriate state or federal court located in Santa Clara County, California.
38. Notices. Any notice, approval, consent, waiver or other communication required or permitted to be given or to be served upon either Party in connection with this Contract shall be in writing. In addition to providing a courtesy notice via email, such notice shall be personally served, or sent by reputable overnight delivery service, such as Federal Express, or sent by priority U.S. mail, and notice shall be deemed given: (a) if personally served, when delivered to the Party to whom such notice is addressed; (b) if sent by reputable overnight delivery service, such as Federal Express, when delivered, (c) if sent by priority U.S. mail, notice shall be deemed delivered on the fifth business day after deposited with the U.S. Postal Service. Such notices shall be addressed to the Party to whom such notice is to be given at the Party’s address set forth below or as such party shall otherwise direct in writing to the other Party delivered or sent in accordance with this Section.
If to City:
City of Campbell
Attention:
_________________________
Telephone: (408) _____
Email:
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If to Contractor: _____________________
Attention: ____________
Address
City, State Zip Code
Telephone: _______________
Email: ____________________
A Party must provide written notice to the other of any changes to the above information.
39. Cumulative Rights; Waiver. The rights created under this Contract or by law or equity, shall be cumulative and may be exercised at any time and from time to time. No failure by either Party to exercise, and no delay in exercising any rights, shall be construed or deemed to be a waiver thereof, nor shall any single or partial exercise by either Party preclude any other or future exercise thereof or the exercise of any other right. Any waiver of any provision or of any breach of any provision of this Contract must be in writing, and any waiver by either Party of any breach of any provision of this Contract shall not operate as or be construed to be a waiver of any other breach of that provision or of any breach of any other provision of this Contract. The failure of either Party to insist upon strict adherence to any term of this Contract on one or more occasions shall not be considered or construed or deemed a waiver of any provision or any breach of any provision of this Contract or deprive that Party of the right thereafter to insist upon strict adherence to that term or provision or any other term or provision of this Contract. No delay or omission on the part of either Party in exercising any right under this Contract shall operate as a waiver of any such right or any other right under this Contract.
40. Interpretation. Each party acknowledges that it has reviewed this Contract and that the normal rule of construction to the effect that any ambiguities are to be resolved against the drafting party shall not be employed in the interpretation of this Contract.
41. Severability. If any provision of this Contract is invalid, illegal or unenforceable, such provision shall be deemed to be served or deleted from this Contract and the balance of this Contract shall remain in full force and effect notwithstanding such invalidity, illegality or unenforceability.
42. Time. Time is of the essence for each provision of this Contract.
43. Entire Contract. This Contract, together with Exhibits and/or attachments and any agreements provided for herein, constitute the entire understanding between the Parties with respect to the matters set forth herein, and they supersede all prior or contemporaneous understandings or agreements between the Parties with respect to the subject matter hereof, whether oral or written. In the case of any conflict, the terms of this Contract shall control.
44. Counterparts. This Contract may be executed in counterparts, which, together, shall constitute one and the same instrument. Electronic, facsimile and scanned pdf signatures and copies of this Contract shall be accepted as originals.
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45. Warranty of Authority. The signatories to this Contract warrant and represent that each is authorized to execute this Contract and that their respective signatures serve to legally obligate their respective representatives, agents, successors and assigns to comply with the provisions of this Contract.
[SIGNATURES ON FOLLOWING PAGE]
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IN WITNESS WHEREOF, the parties have executed this Contract as of the date first above referenced.
Technical Review By:
By: ___________________________ Date: ________________
____________, _________
Approved As To Form:
By: ___________________________ Date: ________________
Office of the City Attorney
CONTRACTOR
By: ___________________________ Date: ________________
Printed: ___________________________ Title: __________________ _________ DEPARTMENT
By: ___________________________ Date: ________________
_____________________/ ________ Director
CITY OF CAMPBELL
By: ___________________________ Date: ________________
Brian Loventhal / City Manager
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EXHIBIT “A”
Proposal/Scope of Work/Fee Schedule
1. Scope of Work
2. Fee Schedule
3. Work Schedule
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EXHIBIT “B”
Insurance and Bond Requirements
Contractor and its Subcontractor(s) shall procure and maintain insurance against claims for injuries to persons or damages to property and otherwise which may arise from or in connection with the performance of the work under this Contract and the results of that work by Contractor, its employees, subcontractors, and agents.
A. CERTIFICATE REQUIREMENTS
Contractor will issue the City a Certificate of Insurance (a Memorandum of Understanding will not be accepted) within ten (10) days of award of contract with the following minimum requirements:
• Certificate(s) will show current policy number(s) and effective dates, • Coverage and policy limits will meet, or exceed, requirements below, • The Certificate Holder will be City of Campbell, Finance Department, 70 N. First Street, Campbell, CA 95008,
• Certificate will be signed by an authorized representative, • An endorsement, if required below, will be provided to show the City, its officers, officials, employees, and volunteers as additional insureds, and
• Coverages must be maintained during the term of the Agreement with the City, unless a longer duration is required as specified below.
B. MINIMUM SCOPE AND LIMITS OF INSURANCE
Contractor acknowledges that the insurance coverage and policy limits set forth in this section constitute the minimum amount of coverage required. If Contractor maintains broader insurance coverage and/or higher limits than the minimums shown below, the City of Campbell requires and shall be entitled to the broader insurance coverage and/or higher limits maintained by Contractor. Any available insurance proceeds in excess of the specified minimum limits of insurance and coverage shall be available to the City of Campbell.
Contractor shall procure and maintain insurance coverage and surety bonds during the term of the Contract as follows:
1. Commercial General Liability Insurance. (CGL): $2,000,000 PER OCCURRENCE; $5,000,000 AGGREGATE. Proof of coverage for $2 Million per occurrence and $6 Million in the aggregate, including products and completed operations, property damage, bodily injury, personal and advertising injury will be provided on Insurance Services Office (ISO) Form CG 00 01 covering CGL.
2. Automobile Liability Insurance. Proof of coverage for not less than $1,000,000 per accident for bodily injury and property damage provided on ISO Form Number CA 00 01 covering any auto (Code 1), or if Contractor has no owned autos, hired, (Code 8) and non-owned autos (Code 9).
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3. Workers’ Compensation and Employer’s Liability Insurance. Worker’s Compensation as required by the Labor Code of the State of California with statutory limits, and Employer’s Liability Insurance for all employees in workplaces involved in this Contract in the amount of, at least, $1,000,000 per accident for bodily injury or disease. The Certificate of Insurance shall include waiver of subrogation endorsement in favor of the City for all work performed by the Contractor and its employees.
(Not required if Contractor provides written verification it has no employees) - If Contractor has no employees, Contractor shall complete and sign a Workers’ Compensation Exemption Declaration and Release of Liability.
4. Contractors’ Pollution Liability and/or Asbestos Pollution Liability (CPL) with limits no less than $2,000,000 per occurrence or claim, and $2,000,000 policy aggregate. a. If the services involve lead-based paint or asbestos identification / remediation, the Pollution Liability shall not contain lead-based paint or asbestos exclusions. If the services involve mold identification / remediation, the Pollution Liability shall not contain a mold exclusion and the definition of “Pollution” shall include microbial matter including mold. b. The Automobile Liability policy shall be endorsed to include Transportation Pollution Liability insurance, covering hazardous materials to be transported by Contractor pursuant to the Contract. This coverage may also be provided on the Contractors Pollution Liability policy.
5. Surety Bond.
a. Contractor shall provide a Labor and Material (Payment) Bond in a sum equal to the contract price, unless otherwise approved by City.
b. Contractor shall provide a Performance Bond in a sum equal to the contract price, unless otherwise approved by City. If the Performance Bond provides for a one-year warranty, a separate Maintenance Bond is not necessary.
c. If the warranty period specified in the contract is for longer than one year, a Maintenance Bond equal to 10% of the contract price is required.
d. Bond(s) shall be duly executed by a responsible corporate surety, authorized to issue such bonds in the State of California and secured through an authorized agent with an office in California. Bonds must also be notarized by both Contractor and Surety.
6. Other Requirements.
a. Additional Insured Endorsement. The City, its officers, officials, employees, and volunteers are to be covered as additional insureds on the CGL, CPL, and automobile insurance (if transporting hazardous materials) policies with respect to liability arising out of work or operations performed by or on behalf of Contractor including materials, parts, or equipment furnished in connection with such work or operations. General liability coverage will be provided in the form of an endorsement to Contractor’s insurance at least as broad as ISO Form CG 20 10 11 85, or if not available, through the addition of both CG 20 10 CG 20 26, CG 20 33, or CG 20 38; and CG 20 37 (if a later Item 9.1
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edition is used).
b. Primary Insurance. For any claims related to this Contract, Contractor’s insurance shall be primary and non-contributory as respects City, its officials, officers, and employees, individually and collectively. Any insurance, self-insurance, or other coverage maintained by the City, its officials, officers, or employees shall be in excess of Contractor’s insurance and shall not contribute to it.
c. Waiver of Subrogation. Contractor hereby grants to the City a waiver of any right to subrogation, except as otherwise not applicable, which any insurer of said Contractor may acquire against the City by virtue of the payment of any loss, including attorney’s fees under such insurance. Contractor agrees to obtain any endorsement that may be necessary to effectuate this waiver of subrogation, but this provision applies regardless of whether or not the City has received a waiver of subrogation endorsement from the insurer.
d. Notice of Cancellation.
e. Self-Insured Retentions. Any self-insured retention must be declared to and approved by the City. City may require Contractor to provide proof of ability to pay losses and related expenses.
f. Acceptability of Insurers. Insurance is to be placed with insurers having a current A.M.
Best rating of no less than A-VII or equivalent or as otherwise approved by City. g. Subcontractors. Contractor shall require and verify that all subcontractors maintain insurance meeting all the requirements stated herein, and Contractor shall ensure that City is an additional insured on insurance required from subcontractors. Subcontractors are to be bound by contractor and to City in the same manner and to the same extent as the Consultant is bound to City under this Agreement. The Consultant shall require all subcontractors to provide a valid certificate of insurance and the required endorsements in the Agreement prior to commencing any work, and will provide proof of compliance to the City.
h. Excess Liability/Umbrella Insurance Policies.
Contractor may use excess liability/umbrella policies to meet the required liability limits on the condition that they provide all of the insurance coverages required herein, including, but not limited to, primary and non-contributory, additional insured, SelfInsured Retentions (SIRs), indemnity, and defense requirements. The excess liability/umbrella insurance policies shall be provided on a true “following form” or broader coverage basis, with coverage at least as broad as provided on the underlying CGL insurance. No insurance policies maintained by the additional insureds, whether primary or excess, and which also apply to a loss covered hereunder, shall be called upon to contribute to a loss until the Contractor’s primary and excess liability policies are exhausted.
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i. Claims Made Policies. If any of the required policies provide coverage on a claimsmade basis:
1. The Retroactive Date must be shown and must be before the date of the contract or the beginning of contract work.
2. Insurance must be maintained, and evidence of insurance must be provided for at least five (5) years after completion of the contract of work.
3. If coverage is canceled or non-renewed, and not replaced with another claims-made policy form with a Retroactive Date prior to the contract effective date, the Contractor must purchase “extended reporting” coverage for a minimum of five (5) years after completion of contract work.
j. Verification of Coverage. Contractor will furnish the City with original Certificates of Insurance including all required amendatory endorsements (or copies of the applicable policy language effecting coverage required by this clause) and a copy of the Declarations and Endorsement Page of the CGL, CPL, and automobile Policies listing all policy endorsements to be approved by the City before work commences. However, failure to obtain the required documents prior to the work beginning will not waive the Contractor’s obligation to provide them. The City reserves the right to require complete, certified copies of all required insurance policies, including endorsements required by these specifications, at any time.
k. Special Risks or Circumstances. City reserves the right to modify these requirements, including limits, based on the nature of the risk, prior experience, insurer, coverage, or other special circumstances.
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EXHIBIT “C”
LABOR AND MATERIAL BOND
WHEREAS, the City of Campbell, a municipal corporation in the County of Santa Clara, State of California, and __________________, hereinafter designated as the "Principal," entered into a contract identified as Construction Contract dated ___________ for work on the ____________________ project described in the contract document hereby referenced and made a part hereof;
WHEREAS, said Principal is required under the terms of said contract to furnish a Labor and Material Bond, the surety of this bond will pay the same to the extent hereinafter set forth; and NOW, THEREFORE, we the Principal, and a corporation
organized and existing under and by virtue of the laws of the State of California, as surety, are held and firmly bound unto the City of Campbell in the sum of ___________________________________________________dollars ($________) such sum being not less than one hundred percent (100%) of the estimated contract cost of the work, lawful money of the United States of America, to be paid to the City of Campbell, for the payment of which sum, well and truly to be made, we hereby bind ourselves, our heirs, administrators, executors, successors and assign jointly and severally.
THE CONDITION OF THIS OBLIGATION IS SUCH, that if said Principal or its heirs, executors, administrators, successors or assigns, shall fail to pay for any materials, provisions, vendor supplies, or equipment as provided in the contract documents, upon, for, or about the performance of the work contracted to be done, or for any work or waiver thereon of any kind, or for amounts due under the Unemployment Insurance Code with respect to work or labor performed by any such claimant, or fails to pay any of the persons authorized under Civil Code Section 9100 to assert a claim against a payment bond, or fails to pay for any amounts required to be deducted, withheld, and paid over to the Franchise Tax Board for the wages of employees of the Principal or his/her subcontractor pursuant to Section 18806 of the Revenue and Taxation Code, or fails to pay for any amounts required to be deducted, withheld, and paid over to the Employment Development Department from the wages of employees of the principal and all subcontractors with respect to such work and labor that the surety or sureties will pay for the same, in an amount not exceeding the sum specified in this bond, and also, in case suit is brought upon the bond, will pay, in addition to the face amount hereof, a reasonable attorney's fee, to be fixed by the Court.
The condition of this obligation is such that its terms inure to the benefit of any of the persons and entities authorized in Civil Code Section 9100 to assert a claim against a payment bond so as to give a right of action to such persons or entities or their assigns in any suit brought upon or action to enforce liability on the bond.
The surety, for value received, hereby stipulates and agrees that no change, extension of time, alteration, or addition to the terms of the contract or to the work to be performed thereunder shall in any manner affect its obligation upon this bond, and it does hereby explicitly waive notice of any such change, extension of time, alteration or addition to the terms of the contract or to the Item 9.1
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work to be performed thereunder, and further explicitly hereby waives its rights under Civil Code Section 2819.
IN WITNESS WHEREOF, the above parties have executed this instrument under their seals this_____ day of____________________, 20__, and duly signed by its undersigned representation, pursuant to authority of its governing body.
PRINCIPAL:
Firm name:
Printed name:
Signature: Date:
Title:
SURETY:
Firm name:
Printed name:
Signature: Date:
Title:
Notice to Surety:
Address:______________________________________________________________________ Contact Person: ________________________________________________________________ Email: _________________________ Phone No.:_________________________________ I hereby approve the form of the within bond.
Office of the City Attorney Date
(Note: Signatures of those executing for the Principal and Surety must include a Notary Acknowledgement.)
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ACKNOWLEDGMENT
State of California )
County of _____________________ )
On before me, ,
(insert name and title of the officer)
personally appeared ____________________________________________________________, who proved to me on the basis of satisfactory evidence to be the person(s) whose name(s) is/are subscribed to the within instrument and acknowledged to me that he/she/they executed the same in his/her/their authorized capacity(ies), and that by his/her/their signature(s) on the instrument the person(s), or the entity upon behalf of which the person(s) acted, executed the instrument.
I certify under PENALTY OF PERJURY under the laws of the State of California that the foregoing paragraph is true and correct.
WITNESS my hand and official seal.
Signature ______________________________ (Seal)
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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ACKNOWLEDGMENT
State of California )
County of _____________________ )
On before me, ,
(insert name and title of the officer)
personally appeared ____________________________________________________________, who proved to me on the basis of satisfactory evidence to be the person(s) whose name(s) is/are subscribed to the within instrument and acknowledged to me that he/she/they executed the same in his/her/their authorized capacity(ies), and that by his/her/their signature(s) on the instrument the person(s), or the entity upon behalf of which the person(s) acted, executed the instrument.
I certify under PENALTY OF PERJURY under the laws of the State of California that the foregoing paragraph is true and correct.
WITNESS my hand and official seal.
Signature ______________________________ (Seal)
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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EXHIBIT “D”
FAITHFUL PERFORMANCE BOND
WHEREAS, the City of Campbell, a municipal corporation in the County of Santa Clara, State of California, and ________________ hereinafter designated as “Principal” have entered into a contract identified as Contractor Agreement, dated _____________, whereby Principal agrees to install and complete the work on the _______________ project described in the contract document hereby referenced and made a part hereof:
WHEREAS, said Principal is required under the terms of said contract with the City of Campbell to furnish security for the faithful performance of said contract; and NOW, THEREFORE, we, the Principal, and a corporation
organized and existing under and by virtue of the laws of the State of , as surety, are held and firmly bound unto the City of Campbell, in the sum of ($ ), such sum being not less than one hundred percent (100%) of the estimated contract cost of the work, lawful money of the United States of America, to be paid to the City of Campbell, for payment of which sum, well and truly to be paid, we hereby jointly and severally bind ourselves, our heirs, administrators, executors, successors and assigns, by these presents;
NOW, THEREFORE, THE CONDITION OF THIS OBLIGATION IS SUCH, that if the above bound Principal, its heirs, executors, administrators, successors, or assigns will in all things abide by and well and truly keep and perform the covenants, conditions and provisions in the said agreement and any alteration thereof made as therein provided, on his or her part, to be kept and performed at the time and in the manner therein specified, and in all respects according to the true intent and meaning, and will indemnify and save harmless the City of Campbell, its officers and agents, and employees, as therein stipulated, then this obligation will become null and void, otherwise it will be and remain in full force and effect.
As a part of the obligation secured hereby and in addition to the face amount specified therefore, there will be included costs and reasonable expenses and fees, including reasonable attorneys’ fees, incurred by the City of Campbell.
As a condition precedent to the satisfactory completion of the said contract, an obligation in the amount of ($ ), being not less than ten percent (10%) of the estimated contract cost, will remain in force for a period of one (1) year after the official acceptance of said work, during which time if the Principal, its heirs, executors, administrators, successors or assigns will fail to make full, complete and satisfactory repairs and replacements or totally protect the City of Campbell from loss or damage made evident during said period of one (1) year from the date of official acceptance of said work and resulting from or caused by defective materials or faulty workmanship in the prosecution of the work done, the above obligation in the sum of ($ )shall remain in full force and effect, otherwise the obligation shall be discharged. However, notwithstanding any other provisions of this paragraph, the obligation for the surety hereunder will continue so long as any obligation of the Principal remains.
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The surety, for value received, hereby stipulates and agrees that no change, extension of time, alteration, or addition to the terms of the contract or to the work to be performed thereunder or the specifications shall in any manner affect this obligation upon this bond, and it does hereby explicitly waive notice of any such changes, extensions of time, alterations, or additions to the terms of the contract or to the work to be performed thereunder, or to the specifications, and it further explicitly hereby waives its rights under California Civil Code §2819.
IN WITNESS WHEREOF, the parties have executed this instrument under their seals this day of , 20__, and duly signed by its undersigned representative, pursuant to the authority of its governing body.
PRINCIPAL:
Firm name:
Printed name:
Signature: Date:
Title:
SURETY:
Firm name:
Printed name:
Signature: Date:
Title:
Notice to Surety:
Address: _________________________________________________________________________ Contact Person: ____________________________________________________________________ Email: _________________________ Phone No.:__________________________________ I hereby approve the form of the within bond.
Office of the City Attorney Date
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(Note: Signatures of those executing for the Principal and Surety must include a Notary Acknowledgement.)
ACKNOWLEDGMENT
State of California )
County of _____________________ )
On before me, ,
(insert name and title of the officer)
personally appeared ____________________________________________________________, who proved to me on the basis of satisfactory evidence to be the person(s) whose name(s) is/are subscribed to the within instrument and acknowledged to me that he/she/they executed the same in his/her/their authorized capacity(ies), and that by his/her/their signature(s) on the instrument the person(s), or the entity upon behalf of which the person(s) acted, executed the instrument.
I certify under PENALTY OF PERJURY under the laws of the State of California that the foregoing paragraph is true and correct.
WITNESS my hand and official seal.
Signature ______________________________ (Seal)
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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ACKNOWLEDGMENT
State of California )
County of _____________________ )
On before me, ,
(insert name and title of the officer)
personally appeared ____________________________________________________________, who proved to me on the basis of satisfactory evidence to be the person(s) whose name(s) is/are subscribed to the within instrument and acknowledged to me that he/she/they executed the same in his/her/their authorized capacity(ies), and that by his/her/their signature(s) on the instrument the person(s), or the entity upon behalf of which the person(s) acted, executed the instrument.
I certify under PENALTY OF PERJURY under the laws of the State of California that the foregoing paragraph is true and correct.
WITNESS my hand and official seal.
Signature ______________________________ (Seal)
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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EXHIBIT “E”
CALIFORNIA AIR RESOURCES BOARD (CARB) REQUIREMENT FOR
CERTIFICATE OF REPORTED COMPLIANCE
Re: In-Use Off-Road Diesel-Fueled Fleets Regulation
(Cal Code Regs., Title 13 § 2449 et seq.) effective 1/1/2024 1a) Check below if contractor or subcontractor will use on the project, any of the following offroad heavy duty diesel-powered vehicles subject to Cal Code Regs., Title 13 § 2449 et seq:
□ Work Over Rigs, as defined in Cal Code Regs., Title 13 §2449(c)(72), □ Engines with two-engine cranes, which contain an auxiliary engine ≥ 50 bhp, as defined in Cal Code Regs., Title 13 §2449(c)(66),
□ Two engine water-well drilling rigs, which contain an auxiliary engine ≥ 50 bhp, as defined in Cal Code Regs., Title 13 §2449(c)(68), or
□ Engines of two-engine vehicles that are designed to be driven on/off road and contain an auxiliary engine ≥ 50 bhp, as defined in Cal Code Regs., Title 13 §2449(c)(67) – (e.g., Boom Trucks, Concrete Mixers, Concrete Pump Trucks, Vacuum Pump Trucks, Guardrail Fence Installers)
OR
b) □ No vehicles subject to Cal Code Regs., Title 13 § 2449 et seq. apply to the project. [Proceed to the end and Sign the Verification below.]
2a) If any box is checked in number 1(a), did you or your subcontractor register any vehicles that qualify as In-Use Off-road Diesel-fueled Fleets, with the California Air Resources Board (CARB)?
□YES □NO
b) If you checked “No” to number 2, then explain reason:
Exempt: □ Emergency Operations
□ Renewable Diesel Exemptions
(based on fleet engine type or weather restrictions)
□ Unavailability of Renewable Diesel
□ Other: ____________________________________________
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3a) If you checked “Yes” to number 2, then submit a CARB’s Certificate of Reported Compliance (Certificate) for the applicable vehicles owned or operated by you or your subcontractor to show compliance with Cal Code Regs., Title 13 § 2449 et seq. [Visit the CARB website to get a CARB Certificate online: arb.ca.gov/offroadzone]:
CARB Certificate Attached: □YES □NO
3b) If you checked “No” to number 3, then explain reason:
_________________________________________________________________________ ______________________________________.
4) Non-Compliance.
a. Unless otherwise exempt or not applicable as indicated above, contractor must provide a CARB’s Certificate of Reported Compliance (Certificate) for vehicles subject to Cal.
Code Regs., Title 13 § 2449 et seq.
b. Unless otherwise exempt or not applicable as indicated above, contractor further agrees to comply with the requirements of Cal. Code Regs., Title 13 § 2449(j), including but not limited to:
• Allowing only off-duty diesel vehicles with valid Certificates to be used at the contractor’s job sites,
• Reporting to CARB within five business days of such discovery, if the contractor discovers a fleet or vehicles that are subject to this regulation at the job site does not have a valid Certificate or observes noncompliant fleets or vehicles operating on their job site:
https://calepacomplaints.secure.force.com/complaints/Complaint, or email [email protected],
• Displaying a sign that provides key information about the regulation and how to report noncompliance. The sign must be posted where vehicles subject to this regulation will operate for eight or more calendar days; the sign must be posted by the eighth calendar day from when the first vehicle operates.
Verification
1. The undersigned states that the statements made herein are true and correct and made under penalty of perjury.
2. The undersigned acknowledges that the undersigned is authorized to sign on behalf of the bid responder and the statement(s) made herein is/are legally binding on the bid responder, their representatives, agents, and successors.
3. A scanned, electronic, or other copy of a party’s signature shall be legally valid as an original. _________________________/_______________________/__________________/__________ (Print Name of Contractor) (Signature) (Business Name) (Date) Item 9.1
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EXHIBIT “F”
DAS Form 140 (From Rev. 1/04)
PUBLIC WORKS CONTRACT AWARD INFORMATION
Contract award information must be sent to your Apprenticeship Committee if you are approved to train. If you are not approved to train, you must send the information (which may be this form) to ALL applicable Apprenticeship Committee in your craft or trade in the area of the site of public work. Go to:
http://www.dir.ca.gov/das/PublicWorksFroms.htm for information about programs in your area and trade. You may also consult your local Division of Apprenticeship Standards (DAS) office whose telephone number may be found in your local directory under California, State of, Industrial Relations, Division of Apprenticeship Standards.
Do not send this form to the Division of Apprenticeship Standards NAME OF YOUR COMPANY CONTRACTOR’S STATE LICENSE No.
MAILING ADDRESS, NUMBER & STREET, CITY , ZIP CODE AREA CODE & TELEPHONE No.
NAME & ADDRESS OF PUBLIC WORKS PROJECT DATE YOUR CONTRACT EXECUTED
DATE OF EXPECTED OR ACTUAL START OF
PROJECT
NAME & ADDRESS OF PUBLIC AGENCY AWARDING CONTRACT ESTIMATED NUMBER OF JOURNEYMEN HOURS
THIS FORM IS BEING SENT TO: (NAME & ADDRESS OF APPRENTICESHIP
PROGRAM(S)
OCCUPATION OF APPRENTICE
ESTIMATED NUMBER OF APPRENTICE
HOURS
APPROXIMATE DATES TO BE EMPLOYED
This is not a request for dispatch of apprentices.
Contractors must make a separate request for actual dispatch, in accordance with Section 230.1 (a) California Code of Regulations Check One Of The Boxes Below
1. We are already approved to train apprentices by the Enter name of Committee
Apprenticeship Committee. We will employ and train under their Standards.
2. We will comply with the standards of
Enter name of Committee
Apprenticeship Committee for the duration of this job only.
3. We will employ and train apprentices in accordance with the California Apprenticeship Council regulations, including § 230.1 (c) which requires that apprentices employed on public projects can only be assigned to perform work of the craft or trade to which the apprentice is registered and that the apprentices must at all times work with or under the direct supervision of journeyman/men.
Signature Date
Typed Name
Title
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State of California – Department of Industrial Relations DIVISION OF APPRENTICESHIP STANDARDS Item 9.1
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EXHIBIT “G”
DAS Form 142 (From Rev. 9/03)
REQUEST FOR DISPATCH OF AN APPRENTICE
(Do not send this form to DAS)
You may use this form to request dispatch of an apprentice from the Apprenticeship Committee in the craft or trade in the area of public work. Go to: http://www.dir.ca.gov/das/PublicWorksForms.htm for information about programs in your area and trade. You may also consult your local Division of Apprenticeship Standards (DAS) office whose telephone number may be found in your local directory under California, State of, Industrial Relations, Division of Apprenticeship Standards.
Date:
To Applicable Apprenticeship Committee:
Address:
Telephone: Fax:
Contractor Requesting Dispatch:
Address:
Telephone: Fax:
Person Making Request:
Number of Apprentice(s) Needed: Craft or Trade:
Date Apprentice(s) to Report: (48 hours notice required) Name of Person to Report to:
Address to Report to:
Time to Report:
You may use this form, or make a verbal or written request, to ask for the dispatch of an apprentice. Please take note of California Code of Regulations, Title 8, § 230.1 (a) which says in part: if in response to a written request an Apprenticeship Committee does not dispatch any apprentice to a contractor who has agreed to employ and train apprentices in accordance with either the Apprenticeship Committee’s Standards or these regulations within 72 hours of such request (excluding Saturdays, Sundays and holidays) the contractor will not be considered in violation of this section as a result of failure to employ apprentices… Item 9.1
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AMERICANRAMPCOMPANY.COM
9263 - CA, CAMPBELL
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AMERICANRAMPCOMPANY.COM
9263 - CA, CAMPBELL
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601 S. McKinley Ave
Joplin, MO 64801
Toll-free: 800-RAMP-778
Local: 417-206-6816
Fax: 417-206-6888
[email protected]
Quote # Design # Customer Date Designer
Q28878.0 9263 City of Campbell 07-08-25 Julia Brueckler Item Obstacle Height Width Length Pro Series
1 Half Pipe 5.0' 4.0' 30.0'
2 Half Pipe 5.0' 4.0' 30.0'
3 Half Pipe 4.0' 4.0' 30.0'
4 Half Pipe 4.0' 4.0' 30.0'
5 Half Pipe 4.0' 4.0' 30.0'
6 Half Pipe 4.0' 4.0' 30.0'
7 Bank Ramp 4.0' 4.0' 9.0'
8 Bank Ramp 4.0' 4.0' 9.0'
9 Bank Ramp 4.0' 4.0' 9.0'
10 Bank Ramp 4.0' 4.0' 9.0'
11 Bank Ramp 4.0' 4.0' 9.0'
12 Bank Ramp 4.0' 4.0' 9.0'
13 Wedge, Flat, Wedge 1.5' 4.0' 20.0'
14 Grind Rail, Kinked (Round) 15" 2" 14.0'
15 Wedge, Flat, Stair 1.5' 4.0' 17.0'
16 Wedge, Flat, Wedge 1.5' 4.0' 20.0'
17 Planter (2' wide) 32" 2' 15.0'
18 Bank Ramp (Wedge) 2' Wide 1.5' 2.0' 6.0'
19 Wedge, Flat, Wedge 1.5' 4.0' 20.0'
20 Pyramid Section (Wedge) 1.5' 6.0' 20.0'
21 Quarter Pipe 4.0' 4.0' 11.0'
22 Quarter Pipe 4.0' 4.0' 11.0'
23 Pyramid Corner (Radius) 90 Degree 4.0' 6.9' 6.9'
24 Quarter Pipe 4.0' 4.0' 7.0'
25 Quarter Pipe 4.0' 4.0' 15.0'
26 Extra Deck 4.0' 14.0' 6.0'
27 Bowled Corner 90 Degree 4.0' 11.0' 11.0'
28 Extra Deck 4.0' 2.0' 12.0'
29 Quarter Pipe 4.0' 4.0' 13.0'
30 Quarter Pipe 4.0' 4.0' 13.0'
31 Quarter Pipe 4.0' 4.0' 13.0'
32 Quarter Pipe 3.0' 4.0' 13.0'
33 Quarter Pipe 3.0' 4.0' 13.0'
34 Quarter Pipe 3.0' 4.0' 13.0'
35 Quarter Pipe 3.0' 4.0' 13.0'
36 Bank Ramp 3.0' 4.0' 13.0'
37 Bank Ramp 3.0' 4.0' 13.0'
38 Pyramid Corner (Bank Ramp) 45 Degree 3.0' 5.2' 7.3'
39 Bank Ramp 3.0' 4.0' 13.0'
40 Bank Ramp 3.0' 4.0' 13.0'
41 Julia’s Curb 6” 10” 12.0'
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42 Grindbox 8" 4.0' 8.0'
43 Grind Rail (Round) 1.0' 2" 20.0'
44 Bank Ramp 4.0' 4.0' 13.0'
45 Bank Ramp 4.0' 4.0' 13.0'
46 Bank Ramp 3.0' 4.0' 13.0'
47 Bank Ramp 3.0' 4.0' 13.0'
48 Pyramid Section (Wedge) 2.0' 8.0' 16.0'
49 Bank Ramp (Wedge) 2.0' 6.0' 8.0'
50 Bank Ramp (Wedge) 2.0' 6.0' 8.0'
51 Grind Rail, Kinked (Round) 1.5' 2" 18.0'
52 Spine 2.0' 4.0' 12.0'
53 Spine 2.0' 4.0' 12.0'
54 Quarter Pipe 2.0' 4.0' 9.0'
55 Quarter Pipe 2.0' 4.0' 9.0'
56 Pyramid Corner (Radius) 90 Degree 2.0' 5.3' 5.3'
57 Quarter Pipe 2.0' 4.0' 5.0'
58 Quarter Pipe 2.0' 4.0' 9.0'
59 Grindbox 1.0' 4.0' 12.0'
60 Grind Rail (Round) 15" 2" 20.0'
61 Grindbox 8" 4.0' 16.0'
62 Grindbox (2' Wide) 8" 2.0' 16.0'
63 Skate Bench 1.0' 1.0' 6.0'
64 Skate Bench 1.0' 1.0' 6.0'
TOTAL $372,390.36
Sourcewell Discount -$26,067.33
Sales Tax on Material Only $23,734.60
GRAND TOTAL $370,057.63
Add Alt – Custom Ramp OR Enclosure Color $21,850.03
Notes:
• This turnkey quote includes Equipment, Shipping, and Installation. • This quote includes a Sourcewell discount (if procured through Sourcewell Purchasing Co-Op). • This quote includes prevailing wage. If not applicable, call for revised quote. • This quote includes sales tax on materials only at 9.875%. If not applicable, call for revised quote. • Design contract was for $99,500.00 and $20,000.00 was used for design services. • Quote is good for 90 days.
Purchase through our competitively bid government Sourcewell contract.
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City Council Report
DATE: November 4, 2025
TITLE: Approval of Plans and Specifications, Authorization to Solicit Bids, Award and Approve Contract, and Other Associated Actions for the Campbell City Hall – ADA Counter Improvements (Project No. 24-VV) (Resolution/Roll Call Vote)
RECOMMENDED ACTION:
That the City Council adopt a resolution 1) approving the plans and specifications for the Campbell City Hall – ADA Counter Improvements (Project No. 24-VV); 2) authorizing the solicitation of bids; 3) awarding and approving the subsequent construction contracts to the lowest, responsive bidder for Phase 1 in an amount not to exceed $480,000, plus a 10% contingency of $48,000 and Phase 2 in an amount not to exceed $270,000, plus 10% contingency of $27,000; 4) authorizing the City Manager to execute said contracts as specified in Campbell Municipal Code Section 3.20.100; 5) authorizing the City Engineer to negotiate and execute contract change orders up to and within the allocated construction contingency; and 6) authorizing the Public Works Director to reject bids and rebid the project, should bids received have unamenable irregularities.
BACKGROUND
Campbell’s City Hall houses a variety of departments that have provided various municipal services to the community for over 50 years. Since its construction in the early 1970s, the Public Works Department has been responsible for evaluating, maintaining, and implementing improvements to meet the operational, structural, and mechanical needs of City Hall. As staffing levels and visitor demands have grown, multiple projects have been developed and approved through the City’s Capital Improvement Plan (CIP) to maintain essential service operations at City Hall and implement upgrades to meet current safety and structural standards.
Over the years, city staff has sought federal and state funding to support City Hall improvement efforts. In July 2023, local Assemblymember Marc Berman (D-Menlo Park) sponsored an application to secure $500,000 in funding through the Fiscal Year (FY) 2023-2024 State budget to enhance Campbell City Hall’s accessibility and ensure its compliance with the latest Americans with Disabilities Act (ADA) standards. This funding, administered by the California Natural Resources Agency (CNRA) through the State General Fund Specified Grant (FY 2023-2024) for the Development and Acquisition of Projects, would be available upon the execution of a grant agreement with the CNRA and distributed in accordance with those terms and conditions.
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In January 2024, a grant administrator from the CNRA contacted City staff to review the grant program guidelines and provide the required documentation to initiate the acceptance process. However, the CNRA agreed to postpone these discussions as the Public Works Department was balancing staff resources to oversee the grant's implementation. Meanwhile, the City Hall Public Counters and Accessibility Enhancements (Project No. 24-VV) was approved as a CIP project upon the adoption of the City’s annual budget in June 2024, with $220,000 in American Rescue Plan Act (ARPA) funds allocated for its implementation during FY 2024/25. In July 2024, staff resumed discussions with the State grant administrator to review the grant program guidelines and reference materials. During those discussions, the CNRA provided staff with additional support to incorporate the details of the City Hall Accessibility project into the required grant agreement documentation.
In November 2024, the City issued a Request for Proposal (RFP) for the preparation of an ADA Improvement Plan for City Hall. In December 2024, the City executed an agreement with ELS Architecture and Urban Design to provide the necessary design services to implement accessibility upgrades to renovate specific locations within City Hall.
DISCUSSION
The improvements would renovate the public counters and meeting spaces at City Hall, focusing on four (4) key areas in need of ADA upgrades and accessibility improvements as outlined in the scope of work for the City Hall Public Counters and Accessibility Project.
These areas include 1) the adjacent counters for the City Manager and City Clerk’s offices, 2) the nearby counters for the Community Development and Public Works departments, 3) the counters for the Finance department, and 4) the City Council Chambers. Given the high daily foot traffic at the public counters, the improvements aim to enhance access for residents and customers seeking essential City services.
Additionally, the project will address other accessibility challenges in the Council Chambers, including its fixed seating arrangements and limited access to the main Council dais/podium.
ELS began design work in February 2025. The design team took a holistic approach to achieve a cohesive design that addresses ADA deficiencies and staff needs while minimizing major changes and cost. The design team provided cost estimates at different project milestones and each showed that the full scope of the project cannot be realized with the current level of funding.
Since the State’s grant of $500,000 requires a completed project for reimbursement, a phasing approach was considered based on the cost estimates. Phase 1 would include renovations to the City Manager and City Clerk’s offices as well as the City Council Chambers. Phase 2 would be the public counters for the Community Development, Public Works, and Finance departments. The state’s grant administrator confirmed that a completion of the project’s Phase 1 would be considered a complete project and satisfactory for CNRA grant reimbursement.
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Staff is seeking Council approval of the plans and specifications for the full project and authorization to bid the project into two phases to utilize the available funding to complete Phase 1 and proceed with Phase 2 only when additional funding becomes available.
Staff is pursuing another grant opportunity for ADA improvements to fund Phase 2 later in 2026 (approximately $270,000 plus 10% contingency).
The project final plans and specifications can be viewed online here.
PROJECT SCHEDULE
With Council approval of the plans and specifications, Staff will immediately proceed and advertise Phase 1 of the project.
The following is the anticipated schedule for Phase 1 implementation:
Approval of Final Plans and Specifications November 4, 2025 Advertise for Bids November 6, 2025
Opening of Bids November 19, 2025
Award Construction Contract December 3, 2025
Issue Notice to Proceed December 10, 2025
Construction Begins January 5, 2026
Construction Completes February 27, 2026
Phase 2 implementation schedule will be determined once funding identified.
FISCAL IMPACT
This action will have a fiscal impact of $480,000 plus a 10% contingency of $48,000 for a total amount of $528,000. This figure plus initial design of $188,000 (for a grant total of $716,000) is within the $720,000 budgeted in the City’s adopted CIP for Project No. 24VV.
Thus, sufficient funding is available for Phase 1.
However, Phase 2 is unfunded at this time. The estimated amount is $270,000 plus a 10% contingency of $27,000 for a total of $297,000.
The sources and uses of funds are detailed below:
SOURCE OF FUNDS
Source Adopted Budget
American Rescue Plan Act (ARPA) $ 220,000
California Natural Resources Agency (CNRA) General
Fund Grant for ADA Related Projects
$ 500,000
Total $ 720,000
ANTICIPATED USE OF FUNDS
Use Adopted Budget
Design $ 188,000
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Phase 1 Construction $ 480,000
Phase 1 Construction Contingency $ 48,000
Phase 2 Construction (Pending Funding) $ 270,000*
Phase 2 Construction Contingency (Pending Funding) $ 27,000* Total $ 1,013,000
*Based on 2025 estimates.
The proposed Resolution has been prepared for: 1) approving the plans and specifications for the Campbell City Hall – ADA Counter Improvements (Project No. 24- VV); 2); 2) authorizing the solicitation of bids; 3) awarding and approving the subsequent construction contracts for Phase 1 in an amount not to exceed $480,000, plus a 10% contingency of $48,000 and Phase 2 in an amount not to exceed $270,000, plus 10% contingency of $27,000 (pending funding availability); 4) authorizing the City Manager to execute said contracts as specified in Campbell Municipal Code Section 3.20.100; 5) authorizing the City Engineer to negotiate and execute contract change orders up to and within the allocated construction contingency; and 6) authorizing the Public Works Director to reject bids and rebid the project, should bids received have unamenable irregularities.
ALTERNATIVES
1. Do not approve the Project Plans and Specifications and direct staff to re-scope the Project.
PREPARED BY: Francisco Castellanos, Senior Project Manager Item 9.2
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Report Approval Details
Document
Title:
Approval of Plans and Specifications, Authorization to Solicit Bids, Award and Approve Contract, and Other Associated Actions for the Campbell City Hall – ADA Counter Improvements Project No. 24-VV .docx
Attachments: Council Resolution 251104_24VV_.docx
Final Approval
Date:
October 28, 2025
This document and all of its attachments were approved and signed as outlined below:
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RESOLUTION NO. ________
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CAMPBELL
APPROVING THE PLANS AND SPECIFICATIONS, AUTHORIZING
SOLICITATION OF BIDS, AWARDING AND APPROVING CONTRACT, AND OTHER ASSOCIATED ACTIONS FOR THE CAMPBELL CITY HALL – ADA COUNTER IMPROVEMENTS (PROJECT 24-VV)
WHEREAS, since Campbell City Hall was constructed in the early 1970s, the City has implemented and funded several projects through its Capital Improvement Plan (CIP) to sustain the building’s essential operations and address its structural and mechanical needs; and
WHEREAS, in July 2023, local Assemblymember Marc Berman (D-Menlo Park) secured $500,000 in funding for the City of Campbell through the state’s 2023- 2024 budget for City Hall improvements to ensure compliance with the latest Americans with Disabilities Act (ADA) standards; and
WHEREAS, in June 2024, the City Hall Public Counters and Accessibility Enhancements (Project No. 24-VV) was approved as a CIP project – with $220,000 in American Rescue Plan Act (ARPA) funds allocated to the project in the CIPR for implementation during FY 2024/25; and
WHEREAS, on November 6, 2024, the City Council adopted Resolution No. 13222, approving and authorizing the execution of a grant agreement with the California Natural Resources Agency, to accept $500,000 in state grant funding intended for the project’s construction costs; and
WHEREAS, on November 12, 2024, the City issued a Request for Proposals (RFP) for the City Hall Accessibility project to the following design firms: Studio G Architects, Anderson Brule Architects, Group 4 Architecture, and ELS Architecture and Urban Design; and
WHEREAS, on December 18, 2024, the City executed an agreement with ELS Architecture and Urban Design to provide the necessary design services to implement accessibility upgrades to renovate specific locations within City Hall.
WHEREAS, The design team took a holistic approach to achieve a cohesive design that addresses ADA deficiencies and staff needs while minimizing major changes and cost for all areas identified.
WHEREAS, the final plans and specifications for the Campbell City Hall – ADA Counter Improvements (Project 24-VV) is now complete; and WHEREAS, Staff is seeking Council approval of the plans and specifications for the full project and authorization to bid the project into two phases to utilize the available funding to complete Phase 1 and proceed with Phase 2 when additional funding becomes available; and
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WHEREAS, the estimate for Phase 1 is $480,000 plus a 10% contingency of $48,000 for a total amount of $528,000. Staff is pursuing another grant opportunity for ADA improvements to fund Phase 2 later in 2026 (approximately $270,000 plus 10% contingency).
NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Campbell does hereby 1) approves the plans and specifications for the Campbell City Hall – ADA Counter Improvements (Project No. 24-VV); 2) authorizes the solicitation of bids; 3) awards and approves the subsequent construction contracts to the lowest, responsive bidder for Phase 1 in an amount not to exceed $480,000, plus a 10% contingency of $48,000 and Phase 2 in an amount not to exceed $270,000, plus a 10% contingency of $27,000 (pending funding availability); 4) authorizes the City Manager to execute said contracts as specified in Campbell Municipal Code Section 3.20.100; 5) authorizes the City Engineer to negotiate and execute contract change orders up to and within the allocated construction contingency; and 6) authorizes the Public Works Director to reject bids and rebid the project, should bids received have unamenable irregularities.
PASSED AND ADOPTED this _____ day of __________, 2025 by the following roll call vote:
AYES: Councilmembers:
NOES: Councilmembers:
ABSENT: Councilmembers:
APPROVED:
________________________
Sergio Lopez, Mayor
ATTEST:
____________________
Andrea Sanders, City Clerk
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City Council Report
DATE: November 4, 2025
TITLE: 2026 City Council Meeting Schedule
RECOMMENDED ACTION:
That the City Council adopt a resolution approving the 2026 City Council meeting schedule.
BACKGROUND
Pursuant to Campbell Municipal Code Section 2.04.020, meetings of the City Council are regularly held on the first and third Tuesday of each month. Each year staff presents a proposed meeting schedule, noting conflicts that may exist with regularly scheduled meeting dates for the City Council’s review and approval.
DISCUSSION
Council has in the past cancelled one meeting in July or August for summer recess, and one meeting in December or January for winter recess. Council has previously requested the first Tuesday in August be cancelled or rescheduled in observance of National Night Out. Council has also cancelled the first meeting in January due to the Holiday closure and staff availability for the agenda packet preparation. The proposed schedule (Attachment 2) reflects all possible meeting dates that occur on the first and third Tuesday of the month. This item is being agendized to provide an opportunity for Council to discuss the proposed schedule, recommend changes and determine any necessary recesses or meeting cancellations as appropriate.
Some or all Councilmembers may attend the following conferences in 2026. It should be noted that the National League Congressional City Conference to be held in March, does conflict with the proposed Council meeting date of March 17, 2026.
March 16-18, 2026 National League Congressional City Conference, Washington, DC
September 23-25, 2026 League of California Cities Annual Conference, Anaheim, CA
November 19-21, 2026 National League City Summit (formerly Congress of Cities) Nashville, TN
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FISCAL IMPACT
There is no fiscal impact associated with adopting the 2026 City Council meeting schedule at this time.
PREPARED BY: Andrea Sanders, City Clerk
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Report Approval Details
Document Title: Report - 2026 City Council Meeting Schedule.docx Attachments: Resolution - 2026 Meeting Schedule.docx
Exhibit A - 2026 Meeting dates.doc
Final Approval Date: October 30, 2025
This document and all of its attachments were approved and signed as outlined below:
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RESOLUTION NO._____
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
CAMPBELL APPROVING THE 2026 CITY COUNCIL MEETING SCHEDULE WHEREAS, Pursuant to Campbell Municipal Code Section 2.04.020, meetings of the City Council are regularly held on the first and third Tuesday of each month; and WHEREAS, the City Council in the past has canceled one meeting in July or August as a summer recess; and
WHEREAS, the City Council in the past has canceled one meeting in December or January as a winter recess; and
WHEREAS, the adoption of the City Council meeting schedule (Exhibit A) sets the dates for the 2026 regular Council meetings; and
NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Campbell approves the 2026 City Council meeting schedule (Exhibit A).
PASSED AND ADOPTED this _____ day of __________ 2026, by the following roll call vote:
AYES: Councilmembers
NOES: Councilmembers
ABSENT: Councilmembers
APPROVED:
________________________
Sergio Lopez, Mayor
ATTEST:
___________________________________
Andrea Sanders, City Clerk
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Meetings noted with an asterisk (*) have previously been previously adopted 2026 CITY COUNCIL MEETING DATES
January 20, 2026*
February 3
February 17
March 3
March 17
April 7
April 21
May 5
May 19
June 2
June 16
July 7
July 21
August 4
August 18
September 1
September 15
October 6
October 20
November 3
November 17
December 1
December 15
January 5, 2027
January 19, 2027
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City Council Report
DATE: November 4, 2025
TITLE: Approve Appointments to the Civic Improvement Commission and the Historic Preservation Board
RECOMMENDED ACTION:
That the City Council approve the recommendation of the Advisory Commissioner Appointment Interview Subcommittee regarding appointments to the Civic Improvement Commission for two full terms expiring August 2029, and the Historic Preservation Board for one full term expiring October 2029.
Pursuant to Council Policy #1.9b regarding Advisory Commission Reappointments, current Commissioners were notified of their term expiration and notices of the upcoming vacancies were posted at City Hall, at the Campbell Library and on the City’s website.
Civic Improvement Commission: The terms of Jenna Naylor and Maryanne Yoshikawa expired August 31, 2025. Neither commissioner sought reappointment.
Historic Preservation Board: On January 22, 2025, Commissioner Bill Zhang submitted his resignation. The term of Board Member Zhang was scheduled to end on October 31, 2025. At the February 4, 2025, City Council meeting, the Council approved the staff recommendation to accept the resignation and direct the City Clerk to prepare the Notice of the Unscheduled Vacancy for the remainder of the current term and an additional full term, with a term expiration of October 2029.
DISCUSSION
At the close of the recruitment period, the City Clerk’s Office had received two new applications for the Civic Improvement Commission and one new application for the Historic Preservation Board. The Advisory Commissioner Appointment Interview Subcommittee (Vice Mayor Furtado and Councilmember Scozzola) met on October 21, 2025, to interview Civic Improvement Commission applicants John Richards and Khalil El-Khatib. Prior to this meeting on November 4, 2025, the Subcommittee will interview Historic Preservation Board applicant Christine Snyder. The Council Subcommittee will report on the interviews and make recommendations regarding the appointment of two members to the Civic Improvement Commission for two full term positions, expiring August 2029 and one member to the Historic Preservation Board for a full term, expiring October 2029.
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FISCAL IMPACT
There is no fiscal impact associated with these appointment recommendations.
PREPARED BY: Andrea Sanders, City Clerk
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Report Approval Details
Document Title: Report - Approve Appointments to the Civic Improvement Commission and the Historic Preservation Board.docx
Attachments: CIC/HPB Applications.pdf
Final Approval
Date:
October 29, 2025
This document and all of its attachments were approved and signed as outlined below:
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City Council Report
DATE: November 4, 2025
TITLE: Council Committee Reports
RECOMMENDED ACTION:
That the City Council report on activities from their committee assignments.
DISCUSSION
MAYOR LOPEZ
Campbell Ministerial Interfaith Group
City Attorney Performance/Compensation Subcommittee
City Clerk Performance/Compensation Subcommittee
City Manager Performance/Compensation Subcommittee
Finance Subcommittee
West Valley Mayors and Managers
Bay Area Quality Management District Board of Directors** Cities Association of Santa Clara County - City Selection Committee League of Cities Peninsula Division Executive Committee** Silicon Valley Clean Energy Audit Committee**
Valley Transportation Authority Board of Directors**
Silicon Valley Clean Energy JPA Board of Directors (Alt.)
VICE MAYOR FURTADO
Advisory Commissioner Appointment Interview Subcommittee City Attorney Performance/Compensation Subcommittee
City Clerk Performance/Compensation Subcommittee
City Manager Performance/Compensation Subcommittee
Association of Bay Area Governments (ABAG)
Silicon Valley Regional Interoperability Authority (SVRIA) Treatment Plant Advisory Committee (TPAC)
West Valley Sanitation District
West Valley Solid Waste Authority JPA
West Valley Stormwater Authority
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Friends of the Heritage Theater Liaison (Alt.)
Santa Clara County Emergency Operational Council (EOAC)** (Alt.) Silicon Valley Animal Control Authority Board (SVACA) (Alt.) Valley Transportation Authority Policy Advisory Committee (Alt.) West Valley Mayors and Managers (Alt.)
COUNCILMEMBER BYBEE
Education Subcommittee
Legislative Subcommittee
Cities Association of Santa Clara County:
Board Representative
Legislative Action Committee
Santa Clara County Library District JPA Board of Directors Silicon Valley Animal Control Authority Board (SVACA)
Campbell Historical Museum & Ainsley House Foundation Liaison (Alt.) West Valley Sanitation District (Alt.)
COUNCILMEMBER HINES
DCBA Liaison
Economic Development Subcommittee
Finance Subcommittee
Santa Clara Valley Water District County Water Commission Cities Association of Santa Clara County:
Board Representative (Alt.)
Legislative Action Committee and City Selection Committee (Alt.) Santa Clara County Housing and Community Development Advisory Committee (Alt.) West Valley Stormwater Authority (Alt.)
West Valley Solid Waste Authority JPA (Alt.)
COUNCILMEMBER SCOZZOLA
Advisory Commissioner Appointment Interview Committee
Campbell Historical Museum & Ainsley House Foundation Liaison Economic Development Subcommittee
Education Subcommittee
Friends of the Heritage Theater Liaison
Legislative Subcommittee
Cities Association of Santa Clara County Executive Board** Santa Clara County Housing and Community Development Advisory Committee Silicon Valley Clean Energy JPA Board of Directors
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Silicon Valley Clean Energy JPA Board of Directors: Executive Committee** Silicon Valley Clean Energy Finance and Administration Committee** Silicon Valley Clean Energy Legislative Committee**
Valley Transportation Authority Policy Advisory Committee DCBA Liaison (Alt.)
Santa Clara County Library District JPA Board of Directors (Alt.) Santa Clara Valley Water District: County Water Commission (Alt.) Association of Bay Area Governments (Alt.)
**appointed by other agencies
PREPARED BY: Kristen Epolite, Deputy City Clerk
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Report Approval Details
Document Title: Report - Council Committee Reports 11.4.25.docx Attachments:
Final Approval Date: October 16, 2025
This document and all of its attachments were approved and signed as outlined below:
Kristen Epolite
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