Agenda packet — Campbell City Council, June 2, 2026 (part 1 of 2)

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. Vice Mayor Bybee will attend remotely from Hampton Inn Pendleton 101 S.W. Nye, Pendelton OR, 97801. A quorum of the City Council will be in attendance at the Campbell City Hall Council Chambers.

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, June 02, 2026 07:00 PM
City Hall Council Chamber
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.

COMMUNICATIONS AND PETITIONS

1. 2.

3. 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 Regular Meeting of May 19, 2026 Recommended Action
Approve the regular meeting minutes of May 19, 2026.

Approving Payment of Bills and Claims Page 6
Recommended Action
Approve the bills and claims in the amount of $1,865,798.68.

Monthly Investment Transactions Report- April 2026 Page 8 Recommended Action
That the City Council review and accept the Monthly Investment Transactions Report for April 2026.

Monthly Treasurer’s Report (April 2026) Page 59
Recommended Action
That the City Council review and accept the Monthly Treasurer’s Report for the month ended April 30, 2026.

Adoption of Ordinance 26-2348 renewing Ordinance 2280 to approve the Military Use Policy

Page 62 ends

Recommended Action

5. 6.

7. 7.1

7.2 7.3

7.4 7.5
Tuesday, June 02, 2026 2 of 280
That the City Council take second reading to adopt Ordinance 26-2348.

Approval of Transportation Development Act (TDA) Article 3 Grant Application for Fiscal Year 2026/27 (Resolution/Roll Call Vote)

Page 67 ends

Recommended Action
That the City Council adopt a resolution authorizing the Public Works Director to submit a grant application to the Santa Clara Valley Transportation Authority (VTA) for $82,659 in Transportation Development Act (TDA) Article 3 Guarantee Funds for the Campbell Bicycle and Pedestrian Project Fiscal Year (FY) 26/27.

Preliminary Approval of Engineer’s Report and Adoption of Resolution of Intention, Lighting and Landscaping District LLA-1, Fiscal Year (FY) 2026-27 and Set Time and Place for Public Hearing (Resolution/Roll Call Vote)

Page 79 ends

Recommended Action
That the City Council adopt a resolution preliminarily approving the Engineer’s Report for the annual levy and collection of assessments for City of Campbell Lighting District LLA-1 for Fiscal Year 2026-27; and adopt a resolution declaring Council’s intention to levy and collect assessments within the City of Campbell Lighting District LLA-1 for (FY) 2026-27 and setting forth the time and place for a required Public Hearing.

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.

Public Hearing to Consider Adoption of an Ordinance
Extending Interim Ordinance No. 26-2347, which Continues Implementation of the Starter Home Revitalization Act with a Revised Method of Applying Vacancy Requirements to SingleFamily Residential Properties (Ordinance/ 4/5 Roll Call Vote).

Page 89 ends

Recommended Action
It is recommended that the City Council adopt an ordinance to extend Interim Ordinance No. 26-2347, for a period for 10 months and 15 days.

Public Hearing to consider the adoption of an Interim Page 97

7.6 7.7

8. 8.1

8.2 Tuesday, June 02, 2026 3 of 280
Ordinance, identifying specific sites for exclusion from Senate Bill 79 (SB 79) applicability, amending Section 21.02.020.E (Conflicting Requirements) of the Campbell Municipal Code to clarify the applicability of State and Federal preemptions to the Zoning Code, including as related to the implementation of Senate Bill 79, amending the Zoning Map to add a reference to Historic Structures of Merit, and authorizing submittal to the California Department of Housing and Community
Development (HCD) for statutory review. (Ordinance/ Roll Call Vote)
Recommended Action
That the City Council take the following action: Adopt an Interim Ordinance, identifying specific sites for exclusion from Senate Bill 79 (SB 79) applicability, amending Section 21.02.020.E (Conflicting Requirements) of the Campbell Municipal Code to clarify the applicability of State and Federal preemptions to the Zoning Code, including as related to the implementation of Senate Bill 79, amending the Zoning Map to add a reference to Historic Structures of Merit, and authorizing submittal to the California Department of Housing and Community Development (HCD) for statutory review.

Public Hearing to Consider Adoption of an Ordinance to
Extend Interim Ordinance No. 2331 Which Established
Urgency Measures in Response to the 2018 Small Cell Order (FCC 18-133) by the Federal Communications Commission
(File No. PLN-2025-50) (Ordinance / Roll Call Vote)

Page 126 ends

Recommended Action
That the City Council adopt an Ordinance, extending Interim Ordinance No. 2331, which established urgency measures in response to the 2018 Small Cell Order (FCC 18-133) by the Federal Communications Commission.

NEW BUSINESS
Approval and Award of a New Janitorial Service Contract for City Owned Buildings (City Hall, Lower Police Annex, Police Operations Building, Historical Fire House Museum, Ainsley House, Carriage House, 2nd Street Garage and the City
Service Center) (Resolution/Roll Call Vote)

Page 218 ends

Recommended Action
That the City Council adopt a resolution: 1) approving and awarding the contract for the janitorial services to the Impec Group, LLC in an amount not to exceed

8.3 9.

9.1 Tuesday, June 02, 2026 4 of 280
$264,445 for city owned buildings (City Hall, Lower Police Annex, Police Operations Building, Historical Fire House Museum, Ainsley House, Carriage House, 2nd Street Garage and the City Service Center); and 2) authorizing the City Manager to execute said contract as specified in Campbell Municipal Code Section 3.20.100 for a period of one year plus the option to include up to five (5) additional one (1) year extensions for a total of six (6) years.

Fiscal Year 2027 Budget and CIP Introduction Page 236
Recommended Action
That the City Council review the Proposed Fiscal Year (FY) 2027 Operating Budget and 2027 - 2031 Capital Improvement Plan (CIP) as presented; provide direction to staff to proceed with finalizing the budget; and establish June 16, 2026 as the date for a public hearing and adoption of the FY 2027 Operating Budget and CIP, as well as the Gann Appropriations Limit.

UNFINISHED BUSINESS
COUNCIL COMMITTEE REPORTS
Council Committee Reports Page 278
Recommended Action
That the City Council report on activities from their committee assignments.

ADJOURN
IMPORTANT NOTICE: Materials related to an item on this agenda submitted to the City Council after distribution of the agenda packet are available for public inspection with the agenda packet in the lobby of City Clerk’s Office, 70 N. First Street, Campbell, CA 95008, during normal business hours. These materials will also be available on the City website at https://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.

9.2 10.

11. 11.1

12. Tuesday, June 02, 2026 5 of 280
City Council Report
DATE: June 2, 2026
TITLE: Approving Payment of Bills and Claims
RECOMMENDED ACTION:

Approve the bills and claims in the amount of $1,865,798.68

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 May 04, 2026 $1,561,715.22
Payroll May 07, 2026 $71,880.97
Bills & Claims May 11, 2026 $232,202.49
Total $1,865,798.68

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 7.2
Tuesday, June 02, 2026 6 of 280

Report Approval Details
Document Title: Report Approving Bills and Claims 06.02.26.docx Attachments: Bills and Claims 05.04.26.pdf
Payroll 05.07.26.pdf
Bills and Claims 05.11.26.pdf
Final Approval Date: May 27, 2026
This document and all of its attachments were approved and signed as outlined below:

Will Fuentes, Finance Director
Andrea Sanders, City Clerk
Brian Loventhal, City Manager
Item 7.2
Tuesday, June 02, 2026 7 of 280
City Council Report
DATE: June 2, 2026
TITLE: Monthly Investment Transactions Report- April 2026 RECOMMENDED ACTION:

That the City Council review and accept the Monthly Investment Transactions Report for April 2026.

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’s 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
As detailed in Attachment 1, staff deposited $1.4 million into the City’s primary Local Agency Investment Fund (LAIF) account and withdrew $700,000 to support general operating expenditures. There were no withdrawals from the Measure O 2022 LAIF bond account. The accounts earned $134,000 and $41,000 in Q3 quarterly interest respectively, earned from January through March. The monthly LAIF rate remained relatively unchanged at 3.811%.

In the City’s California Asset Management Program (CAMP) pooled account, staff deposited $4.3 million, and the account earned $40,000 in April dividends. For the Measure K escrow account, $420,000—representing the April Measure K sales tax remittance from the California Department of Tax and Fee Administration (CDTFA)—was deposited, along with $18,000 received for April dividends earned. The CAMP yield remained relatively steady at 3.79%
In the City’s BNY Mellon custodial account managed by Chandler Asset Management, there were no April purchases, maturities, or sales while the portfolio received $81,000 in interest. The average market Yield to Maturity (YTM) remained relatively flat at 4.08%.

Item 7.3
Tuesday, June 02, 2026 8 of 280

Chandler’s strategy continues to emphasize diversification, locking in longer-term rates as short-term LAIF and CAMP rates continue to slowly decline. Consistent with the FY 2025–26 Investment Strategy approved by City Council on September 16, 2025, staff and investment advisors are monitoring moderately long-term opportunities outside of LAIF and CAMP to secure the highest possible returns while maintaining safety and compliance with the City’s Investment Policy. All investment purchases adhere strictly to this 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 7.3
Tuesday, June 02, 2026 9 of 280

Report Approval Details
Document Title: Report Monthly Investment Transactions Report- April 2026.docx
Attachments: Monthly Investment tranx rpt- Apr'26.pdf
Chandler BNY Investment Statement- 4.30.26.pdf
Final Approval
Date:

May 27, 2026
This document and all of its attachments were approved and signed as outlined below:

Will Fuentes, Finance Director
Andrea Sanders, City Clerk
Brian Loventhal, City Manager
Item 7.3
Tuesday, June 02, 2026 10 of 280

CITY OF CAMPBELL
Monthly Investment Transactions Report
April 1 to April 30, 2026
Account Trans. Date April'26
LAIF - ******133, Main account
Average Monthly Yield 3.811%
Beginning Balance $ 14,302,747
Transactions
Withdrawal 4/8/2025 (700,000)
Q3'26 (Jan-Mar) Interest Earnings 4/15/2025 133,938
Deposit 4/28/2025 1,400,000
833,938
Ending Balance $ 15,136,685
Account Trans. Date April'26
LAIF - ******031, MEAS O, Series 2020
Average Monthly Yield 3.811%
Beginning Balance $ -
Transactions
Account Trans. Date April'26
LAIF - ******032, MEAS O, Series 2022
Average Monthly Yield 3.811%
Beginning Balance $ 3,957,782
Transactions
Q3'26 (Jan-Mar) Interest Earnings 4/15/2025 40,742
40,742
Ending Balance $ 3,998,524
Account Trans. Date April'26
CAMP - ******001, Regular
Average Monthly Yield 3.79%
Beginning Balance $ 10,479,264
Transactions
Deposit 4/6/2025 1,700,000
Deposit 4/20/2025 2,100,000
Deposit 4/21/2025 500,000
April Dividends 4/30/2025 39,911
4,339,911
Ending Balance $ 14,819,175
Account Trans. Date April'26
CAMP - ******002, Meas K Sales Tax escrow
Average Monthly Yield 3.79%
Beginning Balance $ 5,738,374
Transactions
Deposit- April sales tax receipts 4/27/2025 420,475
April Dividends 4/30/2025 18,019
Net change 438,494
Ending Balance $ 6,176,869
April'26
Bank of New York (BNY) - ******818
Average Monthly Yield/Market YTM 4.08%
Beginning Balance 21,184,892
Note: Purchases listed at par value, see Chandler Monthly Statement for add'l detail Transactions
Interest 4/30/2026 81,199
Dividends 4/30/2026 211
Other 4/30/2026 (315)
Net change 81,095
Ending Balance 21,265,988
Total of all Investments
Beginning $ 55,663,060
Ending $ 61,397,241
Item 7.3
Tuesday, June 02, 2026 11 of 280

MONTHLY ACCOUNT STATEMENT
City of Campbell | Account #11214 | As of April 30, 2026 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:

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 0.19% 0.22% 0.48% 3.58% -- -- -- -- 4.29% Benchmark Return 0.15% 0.18% 0.34% 3.01% -- -- -- -- 3.90% Average Modified Duration 2.52
Average Coupon 3.98%
Average Purchase YTM 4.18%
Average Market YTM 4.08%
Average Credit Quality* AA
Average Final Maturity 2.98
Average Life 2.77
End Values as of
03/31/2026
End Values as of
04/30/2026
Market Value 21,260,668.14 21,313,392.49
Accrued Interest 161,333.84 149,853.72
Total Market Value 21,422,001.98 21,463,246.21
Income Earned 106,343.14 73,167.66
Cont/WD 0.00 0.00
Par 21,334,821.53 21,416,449.74
Book Value 21,209,750.17 21,294,616.05
Cost Value 21,184,645.46 21,265,959.13
United States 44.80%
Federal Home Loan Mortgage Corp 10.81%
Federal Home Loan Banks 2.33%
International Bank for Recon and Dev 2.23%
Toyota Motor Corporation 1.87%
American Express Credit Master Trust 1.75%
Mitsubishi UFJ Financial Group, Inc. 1.64%
Bank of America Corporation 1.42%
**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.

STATEMENT OF COMPLIANCE
Rules Name Limit Actual Compliance
Status Notes

AGENCY MORTGAGE SECURITIES
Max % (MV; Agencies & Agency CMOs) 75.0 2.3 Compliant
Max % Issuer (MV; Agencies & Agency CMOs) 30.0 10.8 Compliant Max Maturity (Years) 5.0 4.5 Compliant

BANKERS' ACCEPTANCES
Max % (MV) 30.0 0.0 Compliant
Max % Issuer (MV) 5.0 0.0 Compliant
Max Maturity (Days) 180.0 0.0 Compliant

CERTIFICATE OF DEPOSIT PLACEMENT SERVICE (CDARS)
Max % (MV) 30.0 0.0 Compliant
Max Maturity (Years) 5.0 0.0 Compliant

COLLATERALIZED TIME DEPOSITS (NON-NEGOTIABLE
CD/TD)
Max % (MV; FDIC & Collateralized CD/TD) 20.0 0.0 Compliant Max Issuer Amount (MV) 1.0 0.0 Compliant
Max Maturity (Years) 5.0 0.0 Compliant

COMMERCIAL PAPER
Max % (MV) 25.0 1.6 Compliant
Max % Issuer (MV) 5.0 1.6 Compliant
Max Maturity (Days) 270.0 26.0 Compliant
Min Rating(A-1 by 1 or A issuer by 1) 0.0 0.0 Compliant

CORPORATE MEDUIM TERM NOTES
Max % (MV) 30.0 27.2 Compliant
Max % Issuer (MV) 5.0 1.9 Compliant
Max Maturity (Years) 5.0 4.8 Compliant
Min Rating (A- by 1) 0.0 0.0 Compliant

FDIC INSURED TIME DEPOSITS (NON-NEGOTIABLE CD/
TD)
Max % (MV; FDIC & Collateralized CD/TD) 20.0 0.0 Compliant Max Maturity (Years) 5.0 0.0 Compliant

FEDERAL AGENCIES
Max % (MV; Agencies & Agency CMOs) 75.0 2.3 Compliant
Max % Issuer (MV; Agencies & Agency CMOs) 30.0 10.8 Compliant Max Callables (MV) 20.0 0.0 Compliant
Item 7.3
Tuesday, June 02, 2026 14 of 280
CONFIDENTIAL | 4
City of Campbell | Account #11214 | As of April 30, 2026 Execution Time: 05/05/2026 10:15:52 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

STATEMENT OF COMPLIANCE
Rules Name Limit Actual Compliance
Status Notes
Max Maturity (Years) 5.0 1.4 Compliant

JOINT POWERS AUTHORITY
Min Rating (AAA by 1) 0.0 0.0 Compliant

LOCAL AGENCY INVESTMENT FUND (LAIF)
Max Concentration (MV) 75.0 0.0 Compliant

MONEY MARKET MUTUAL FUNDS
Max % (MV; Money Market Fund & Mutual Fund) 20.0 1.1 Compliant Max % Issuer (MV) 20.0 1.1 Compliant
Min Rating (AAA by 2) 0.0 0.0 Compliant

MUNICIPAL SECURITIES
Max % (MV) 30.0 1.0 Compliant
Max % Issuer (MV) 5.0 1.0 Compliant
Max Maturity (Years) 5.0 3.3 Compliant
Min Rating (A by 1 or A-1 by S&P) 0.0 0.0 Compliant

MUTUAL FUNDS
Max % (MV; Money Market Fund & Mutual Fund) 20.0 1.1 Compliant Max % Issuer (MV) 10.0 0.0 Compliant
Min Rating (AAA by 2) 0.0 0.0 Compliant

NEGOTIABLE CERTIFICATES OF DEPOSIT (NCD)
Max % (MV) 30.0 0.0 Compliant
Max % Issuer (MV) 5.0 0.0 Compliant
Max Maturity (Years) 5.0 0.0 Compliant
Min Rating (A-1 by 1 or A- by 1 if > FDIC Limit) 0.0 0.0 Compliant

NON- AGENCY ASSET-BACKED SECURITIES (ABS)
Max % (MV; ABS, CMO & MBS) 20.0 8.8 Compliant
Max % Issuer (MV) 20.0 1.7 Compliant
Max Maturity (Years) 5.0 4.0 Compliant
Min Rating (AA- by 1) 0.0 0.0 Compliant

NON-AGENCY MORTGAGE-BACKED SECURITIES, CMOS
Max % (MV; ABS, CMO & MBS) 20.0 8.8 Compliant
Max % Issuer (MV) 5.0 0.0 Compliant
Max Maturity (Years) 5.0 0.0 Compliant
Min Rating (AA- by 1) 0.0 0.0 Compliant

STATEMENT OF COMPLIANCE
Rules Name Limit Actual Compliance
Status Notes
Max % (MV) 10.0 0.0 Compliant
Max Maturity (Years) 1.0 0.0 Compliant
Min Rating (A by 1 or A-1 by 1) 0.0 0.0 Compliant

SUPRANATIONAL OBLIGATIONS
Max % (MV) 30.0 2.2 Compliant
Max % Issuer (MV) 10.0 1.9 Compliant
Max Maturity (Years) 5.0 3.9 Compliant
Min Rating (AA- by 1) 0.0 0.0 Compliant

US TREASURIES
Max % (MV) 100.0 44.8 Compliant
Max Maturity (Years) 5.0 4.7 Compliant
Item 7.3
Tuesday, June 02, 2026 16 of 280
CONFIDENTIAL | 6
City of Campbell | Account #11214 | As of April 30, 2026 Execution Time: 05/05/2026 10:15:52 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

RECONCILIATION SUMMARY
Accrual Activity Summary
Fair Market Activity Summary
Month to Date Fiscal Year to Date
(07/01/2025)
Beginning Book Value 21,209,750.17 20,540,867.11
Maturities/Calls 0.00 (3,250,000.00)
Principal Paydowns (41,767.08) (237,381.32)
Purchases 123,177.20 10,101,322.45
Sales 0.00 (5,889,337.64)
Change in Cash, Payables, Receivables 218.10 51.71
Amortization/Accretion 3,237.66 23,768.37
Realized Gain (Loss) (0.01) 5,325.37
Ending Book Value 21,294,616.05 21,294,616.05
Month to Date Fiscal Year to Date
(07/01/2025)
Beginning Market Value 21,260,668.14 20,681,866.80
Maturities/Calls 0.00 (3,250,000.00)
Principal Paydowns (41,767.08) (237,381.32)
Purchases 123,177.20 10,101,322.45
Sales 0.00 (5,889,337.64)
Change in Cash, Payables, Receivables 218.10 51.71
Amortization/Accretion 3,237.66 23,768.37
Change in Net Unrealized Gain (Loss) (32,141.53) (122,223.24) Realized Gain (Loss) (0.01) 5,325.37
Ending Market Value 21,313,392.49 21,313,392.49
Maturities / Calls
Month to Date 0.00
Fiscal Year to Date (3,250,000.00)
Principal Paydowns
Month to Date (41,767.08)
Fiscal Year to Date (237,381.32)
Purchases
Month to Date 123,177.20
Fiscal Year to Date 10,101,322.45
Sales
Month to Date 0.00
Fiscal Year to Date (5,889,337.64)
Interest Received
Month to Date 81,410.12
Fiscal Year to Date 732,149.63
Purchased / Sold Interest
Month to Date 0.00
Fiscal Year to Date (7,546.14)
Item 7.3
Tuesday, June 02, 2026 17 of 280
CONFIDENTIAL | 7
City of Campbell | Account #11214 | As of April 30, 2026 Execution Time: 05/05/2026 10:15:52 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

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

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
ABS
891940AC2 TAOT 2023-A A3 4.63
09/15/2027 26,303.24 11/14/20244.63%
26,313.51
26,305.69
100.14

3.90%
26,340.14

54.13 0.12%

34.45 NA/AAA
AAA

1.38 0.18
362962AD4 GMALT 2025-2 A3 4.58
05/22/2028 95,000.00 05/20/20254.84%
94,998.42
94,998.91
100.44

4.08%
95,415.82
132.95

0.45%
416.91
NA/AAA
AAA

2.06 0.81
379965AD8 GMALT 2025-3 A3 4.17
08/21/2028 90,000.00 08/05/20254.18%
89,986.32
89,989.55
100.07

4.14%
90,065.16
114.68

0.42%

75.61 NA/AAA
AAA

2.31 1.06
47800RAD5 JDOT 2024 A3 4.96 11/15/2028 152,763.66 02/20/2025

4.63%
153,682.63
153,286.21
100.60

4.11%
153,680.70
336.76

0.72%
394.49
Aaa/NA
AAA

2.54 0.66
096919AD7 BMWOT 2024-A A3 5.18
02/26/2029 293,158.25 --4.69%
296,204.35
294,958.24
100.79

3.88%
295,459.84
253.09

1.39%
501.60
Aaa/AAA
NA

2.83 0.58
89239TAD4 TAOT 2024-D A3 4.4 06/15/2029 60,000.00 10/10/2024

4.51%
59,996.65
59,997.75
100.29

4.04%
60,176.82
117.33

0.28%
179.07
Aaa/AAA
NA

3.13 0.74
02589BAE0 AMXCA 2024-3 A 4.65
07/15/2027 200,000.00 02/20/20254.57%
200,546.88
200,275.32
100.80

4.00%
201,600.40
413.33

0.95%
1,325.08
NA/AAA
AAA

1.21 1.15
34535VAD6 FORDO 2024-D A3 4.61
08/15/2029 120,000.00 11/19/20244.66%
119,996.15
119,997.32
100.60

3.99%
120,719.52
245.87

0.57%
722.20
Aaa/NA
AAA

3.29 0.90
38014AAD3 GMCAR 2024-4 A3 4.4
08/16/2029 60,000.00 10/08/20244.32%
59,988.44
59,992.12
100.26

4.06%
60,155.28
110.00

0.28%
163.16
Aaa/AAA
NA

3.30 0.68
47800DAD6 JDOT 2025 A3 4.23 09/17/2029 100,000.00 03/04/2025

5.09%
99,993.71
99,995.29
100.20

4.14%
100,197.70
188.00

0.47%
202.41
Aaa/NA
AAA

3.38 1.56
92970QAE5 WFCIT 2024-2 A 4.29
10/15/2029 110,000.00 10/17/20244.29%
109,983.65
109,988.64
100.34

4.08%
110,377.08
209.73

0.52%
388.44
Aaa/AAA
NA

3.46 1.38
89231HAD8 TAOT 2025-B A3 4.34
11/15/2029 65,000.00 04/24/20254.82%
64,996.28
64,997.10
100.29

4.14%
65,188.44
125.38

0.31%
191.33
NA/AAA
AAA

3.54 1.22
362955AD8 GMCAR 2025-1 A3 4.62
12/17/2029 80,000.00 01/09/20255.03%
79,994.06
79,995.62
100.55

4.01%
80,437.12
154.00

0.38%
441.50
Aaa/NA
AAA

3.63 0.83
58773DAD6 MBART 2025-1 A3 4.78
12/17/2029 115,000.00 01/14/20254.84%
114,975.54
114,981.87
100.78

3.96%
115,900.80
244.31

0.54%
918.92
Aaa/NA
AAA

3.63 0.90
44935XAD7 HART 2025-B A3 4.36
12/17/2029 80,000.00 06/03/20254.36%
79,992.78
79,994.20
100.35

4.14%
80,282.96
155.02

0.38%
288.76
NA/AAA
AAA

3.63 1.34
58770YAD3 MBALT 2026-A A3 3.93
01/15/2030 60,000.00 01/13/20263.97%
59,988.10
59,988.92

99.34 4.32%
59,604.42
104.80

0.28%
(384.50)
Aaa/NA
AAA

3.71 1.87
02582JKP4 AMXCA 2025-2 A 4.28
04/15/2030 170,000.00 05/06/20254.28%
169,996.92
169,997.52
100.26

4.17%
170,448.80
323.38

0.80%
451.28
NA/AAA
AAA

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 ABS 1,877,225.15 4.59%
1,881,634.39
1,879,740.27
100.47

4.05%
1,886,050.98
3,282.76

8.85%
6,310.71

2.94 1.04
AGENCY
3130B7QM9 FEDERAL HOME LOAN BANKS 3.5
09/09/2027 500,000.00 09/23/20253.63%
498,795.00
499,164.08

99.47 3.90%
497,338.00
2,527.78

2.33%
(1,826.08)
Aa1/AA+
AA+

1.36 1.30
Total Agency 500,000.00 3.63%
498,795.00
499,164.08

99.47 3.90%
497,338.00
2,527.78

2.33%
(1,826.08)

1.36 1.30

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

4.53%
244,335.94
246,531.61

99.29 4.14%
248,222.75
812.50

1.16%
1,691.14
Aa1/AA+
AAA

2.32 2.14
3137FJKE8 FHMS K-082 A2 3.92 09/25/2028 250,000.00 06/10/2025

4.27%
246,992.19
247,815.76

99.30 4.15%
248,254.75
816.67

1.16%
438.99
Aa1/AA+
AAA

2.41 2.18
3137FKSH0 FHMS K-086 A2 3.859
11/25/2028 150,000.00 09/18/20243.82%
150,005.86
150,003.57

99.09 4.17%
148,633.05
482.38

0.70%
(1,370.52)
Aaa/AA+
AA+

2.57 2.36
3137FLN91 FHMS K-091 A2 3.505
03/25/2029 300,000.00 11/14/20244.62%
287,074.22
291,440.70

98.13 4.17%
294,377.40
876.25

1.38%
2,936.70
Aa1/AAA
AA+

2.90 2.60
3137FMCR1 FHMS K-093 A2 2.982
05/25/2029 147,186.10 10/16/20244.15%
140,240.76
142,581.09

96.68 4.18%
142,306.00
365.76

0.67%
(275.09)
Aa1/AA+
AAA

3.07 2.69
3137FNAE0 FHMS K-095 A2 2.785
06/25/2029 250,000.00 03/13/20254.39%
234,707.03
238,779.18

95.94 4.18%
239,848.50
580.21

1.13%
1,069.32
Aa1/AA+
AAA

3.15 2.85
3137FPHK4 FHMS K-098 A2 2.425
08/25/2029 300,000.00 10/17/20244.26%
276,445.31
283,954.72

94.63 4.20%
283,886.40
606.25

1.33%
(68.32)
Aa1/AA+
AAA

3.32 3.03
3137FRUJ8 FHMS K-105 A2 1.872
01/25/2030 275,000.00 03/17/20254.43%
244,868.16
251,883.98

92.03 4.22%
253,071.78
429.00

1.19%
1,187.79
Aa1/AA+
AAA

3.74 3.47
3137F62M8 FHMS K-118 A2 1.493
09/25/2030 250,000.00 01/29/20264.03%
223,632.81
225,065.30

89.14 4.26%
222,862.25
311.04

1.05%
(2,203.05)
Aa1/AA+
AAA

4.41 4.09
3137F83Q4 FHMS K-121 A2 1.547
10/25/2030 250,000.00 01/08/20264.00%
223,603.52
225,259.05

89.01 4.27%
222,526.00
322.29

1.04%
(2,733.05)
Aa1/AA+
AAA

4.49 4.22
Total Agency CMBS 2,422,186.10 4.29%
2,271,905.80
2,303,314.95

95.27 4.19%
2,303,988.88
5,602.34

10.81%
673.92

3.24 2.97
CASH
CCYUSD Receivable 429.50 -- 429.50
429.50

1.00 429.50

0.00 0.00%

0.00 Aaa/AAA
AAA

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 Cash 429.50
429.50
429.50

1.00 429.50

0.00 0.00%

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
349,056.94

99.74 3.65%
349,078.80

0.00 1.64%

21.86 P-1/A-1
NA

0.07 0.07
Total Commercial
Paper 350,000.00 3.99%
340,758.06
349,056.94

99.74 3.65%
349,078.80

0.00 1.64%

21.86 0.07

0.07 CORPORATE
857477CP6 STATE STREET CORP 4.33
10/22/2027 175,000.00 11/07/20244.54%
173,976.25
174,488.13
100.23

4.16%
175,407.40
189.44

0.82%
919.28
Aa3/A
AA1.481.34
89115A3E0 TORONTO-DOMINION BANK

4.861 01/31/2028 225,000.00 01/28/20254.86%
225,000.00
225,000.00
100.78

4.39%
226,749.38
2,764.69

1.06%
1,749.38
A2/AAA1.76

1.64 17275RBW1 CISCO SYSTEMS INC 4.55
02/24/2028 250,000.00 03/11/20254.32%
251,557.50
250,940.74
100.89

4.03%
252,235.50
2,117.01

1.18%
1,294.76
A1/AANA1.82

1.64 00287YDY2 ABBVIE INC 4.65 03/15/2028 125,000.00 02/18/2025

4.70%
124,833.75
124,897.83
100.85

4.17%
126,061.13
742.71

0.59%
1,163.29
A2/ANA1.88

1.69 79466LAQ7 SALESFORCE INC 4.5 03/15/2028 140,000.00 03/12/2026

4.37%
140,339.50
140,315.87
100.09

4.44%
140,131.46
840.00

0.66%
(184.41)
A2/A+
NA

1.88 1.69
06406RBG1 BANK OF NEW YORK MELLON
CORP 3.992 06/13/2028 225,000.00 09/05/20244.31%
223,128.00
224,243.79

99.73 4.50%
224,398.13
3,443.10

1.05%
154.34
Aa3/A
AA2.121.06
46647PDG8 JPMORGAN CHASE & CO 4.851
07/25/2028 150,000.00 08/12/20244.62%
150,933.00
150,390.20
100.55

4.93%
150,818.25
1,940.40

0.71%
428.05
A1/A
AA2.241.17
46647PEU6 JPMORGAN CHASE & CO 4.915
01/24/2029 115,000.00 01/16/20254.92%
115,000.00
115,000.00
100.80

4.43%
115,924.26
1,522.97

0.54%
924.26
A1/A
AA2.741.62
06051GMK2 BANK OF AMERICA CORP 4.979
01/24/2029 150,000.00 01/17/20254.98%
150,000.00
150,000.00
100.80

4.49%
151,204.65
2,012.35

0.71%
1,204.65
A1/AAA2.74

1.62 06368MJG0 BANK OF MONTREAL 5.004
01/27/2029 100,000.00 01/22/20255.01%
100,000.00
100,000.00
100.84

4.43%
100,844.90
1,306.60

0.47%
844.90
A2/AAA2.74

1.63 91159HJK7 US BANCORP 4.653 02/01/2029 200,000.00 09/05/2024

4.47%
201,116.00
200,575.51
100.39

4.58%
200,780.20
2,326.50

0.94%
204.69
A3/A
A

2.76 1.65
756109CW2 REALTY INCOME CORP 3.95
02/01/2029 250,000.00 01/07/20264.01%
249,577.50
249,620.13

98.79 4.42%
246,964.75
2,468.75

1.16%
(2,655.38)
A3/ANA2.76

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
151,368.43
101.34

4.75%
152,006.85
130.05

0.71%
638.42
A1/AAA2.99

1.87 24422EXT1 JOHN DEERE CAPITAL CORP 4.85
06/11/2029 225,000.00 08/12/20244.40%
229,338.00
227,797.68
101.72

4.25%
228,862.35
4,243.75

1.07%
1,064.67
A1/A
A+

3.11 2.81
025816EJ4 AMERICAN EXPRESS CO 4.351
07/20/2029 170,000.00 07/21/20254.35%
170,000.00
170,000.00

99.81 4.45%
169,675.64
2,075.19

0.80%
(324.36)
A2/AA3.22

2.07 89236TMK8 TOYOTA MOTOR CREDIT CORP

4.55 08/09/2029 225,000.00 08/12/20244.49%
225,567.00
225,372.19
100.60

4.35%
226,344.60
2,331.88

1.06%
972.41
A1/A+
A+

3.28 2.98
532457CQ9 ELI LILLY AND CO 4.2 08/14/2029 235,000.00 08/12/2024

4.22%
234,769.70
234,848.53

99.92 4.23%
234,802.37
2,111.08

1.10%
(46.16)
Aa3/AANA3.29

3.01 26442CAY0 DUKE ENERGY CAROLINAS LLC

2.45 08/15/2029 250,000.00 12/18/20244.72%
226,517.50
233,396.49

94.13 4.39%
235,319.75
1,293.06

1.10%
1,923.26
Aa3/A
NA

3.29 3.09
61748UAK8 MORGAN STANLEY 4.133
10/18/2029 155,000.00 10/17/20254.25%
155,019.50
155,016.09

98.97 4.58%
153,398.54
231.33

0.72%
(1,617.55)
A1/AA+3.47

2.31 38141GD27 GOLDMAN SACHS GROUP INC

4.153 10/21/2029 105,000.00 10/14/20254.37%
105,000.00
105,000.00

98.95 4.58%
103,902.02
121.13

0.49%
(1,097.99)
A2/BBB+
A

3.48 2.32
14913UAU4 CATERPILLAR FINANCIAL
SERVICES CORP 4.7 11/15/2029 250,000.00 11/12/20244.74% 249,592.50
249,711.22
101.36

4.28%
253,406.00
5,418.06

1.19%
3,694.78
A1/A
A+

3.54 3.17
89236TNA9 TOYOTA MOTOR CREDIT CORP

4.95 01/09/2030 170,000.00 01/06/20255.00%
169,636.20
169,731.23
101.77

4.42%
173,010.36
2,618.00

0.81%
3,279.13
A1/A+
A+

3.70 3.30
63743HFX5

NATIONAL RURAL UTILITIES

COOPERATIVE FINANCE CORP

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

4.90%
250,550.00
250,415.97
101.74

4.44%
254,362.25
2,887.50

1.19%
3,946.28
A2/NA
A

3.77 3.30
571748CA8

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

4.67%
249,755.00
249,809.23
100.50

4.51%
251,260.00
1,485.42

1.18%
1,450.77
A3/AA3.87

3.42 931142FN8 WALMART INC 4.35 04/28/2030 185,000.00 04/23/2025

4.39%
184,679.95
184,744.45
100.85

4.12%
186,564.73

67.06 0.88%
1,820.28
Aa2/AA
AA

3.99 3.56
69371RT71 PACCAR FINANCIAL CORP 4.55
05/08/2030 230,000.00 05/05/20254.59%
229,643.50
229,713.39
100.83

4.32%
231,913.83
5,029.01

1.09%
2,200.44
A1/A+
NA

4.02 3.56
30303MAB8 META PLATFORMS INC 4.2
11/15/2030 250,000.00 11/13/20254.16%
250,482.50
250,438.10

98.83 4.49%
247,078.00
5,191.67

1.16%
(3,360.10)
Aa3/AANA4.54

4.00 74340XCQ2 PROLOGIS LP 4.75 01/15/2031 250,000.00 01/14/2026

4.22%
255,812.50
255,469.25
101.03

4.50%
252,581.00
3,496.53

1.19%
(2,888.25)
A2/A
NA

4.71 4.06
92826CAZ5 VISA INC 4.1 02/12/2031 140,000.00 02/03/2026

4.13%
139,812.40
139,820.41

99.72 4.16%
139,605.34
1,259.61

0.66%
(215.07)
Aa3/AANA4.79

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
02079KBK2 ALPHABET INC 4.1 02/15/2031 200,000.00 02/12/2026

4.10%
200,011.33
200,010.84

98.83 4.37%
197,653.20
1,776.67

0.93%
(2,357.64)
Aa2/AA+
NA

4.80 4.26
Total Corporate 5,795,000.00 4.50%
5,784,199.08
5,788,135.71
100.17

4.40%
5,803,266.81
63,441.50

27.23%
15,131.10

3.21 2.66

MONEY MARKET
FUND
X9USDDGCM DREYFUS GVT CM INST 241,608.99 --

3.54%
241,608.99
241,608.99

1.00 3.54%
241,608.99

0.00 1.13%

0.00 Aaa/
AAAm
NA

0.00 0.00
Total Money
Market Fund 241,608.99 3.54%
241,608.99
241,608.99

1.00 3.54%
241,608.99

0.00 1.13%

0.00 0.00

0.00 MUNICIPAL
BONDS
13063EGT7 CALIFORNIA STATE 4.5
08/01/2029 205,000.00 10/30/20244.38%
206,080.35
205,741.88
101.31

4.06%
207,685.91
2,306.25

0.97%
1,944.03
Aa2/AAAA3.25

2.97 Total Municipal
Bonds 205,000.00 4.38%
206,080.35
205,741.88
101.31

4.06%
207,685.91
2,306.25

0.97%
1,944.03

3.25 2.97

SUPRANATIONAL
459058LN1

INTERNATIONAL BANK FOR

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

4.29%
343,689.50
345,480.75

99.69 3.97%
348,904.85
563.50

1.64%
3,424.10
Aaa/AAA
NA

3.46 3.20
459058LR2

INTERNATIONAL BANK FOR

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

4.20%
124,553.75
124,653.22
100.48

3.99%
125,597.63
587.24

0.59%
944.41
Aaa/AAA
NA

3.89 3.54
Total
Supranational 475,000.00 4.27%
468,243.25
470,133.97

99.90 3.98%
474,502.48
1,150.74

2.23%
4,368.51

3.58 3.29

US TREASURY
91282CJC6 UNITED STATES TREASURY 4.625
10/15/2026 375,000.00 08/30/20243.90%
380,507.81
376,185.31
100.43

3.66%
376,607.63
758.20

1.77%
422.31
Aa1/AA+
AA+

0.46 0.45
91282CKE0 UNITED STATES TREASURY 4.25
03/15/2027 350,000.00 08/20/20243.86%
353,322.27
351,128.72
100.43

3.74%
351,496.60
1,899.80

1.65%
367.88
Aa1/AA+
AA+

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
91282CKZ3 UNITED STATES TREASURY 4.375
07/15/2027 375,000.00 08/08/20243.91%
379,804.69
376,975.76
100.63

3.83%
377,358.38
4,804.04

1.77%
382.61
Aa1/AA+
AA+

1.21 1.15
91282CFM8 UNITED STATES TREASURY 4.125
09/30/2027 350,000.00 10/31/20244.17%
349,521.48
349,767.27
100.35

3.87%
351,216.95
1,222.85

1.65%
1,449.68
Aa1/AA+
AA+

1.42 1.36
91282CGP0 UNITED STATES TREASURY 4.0
02/29/2028 375,000.00 08/08/20243.87%
376,552.73
375,799.67
100.20

3.88%
375,747.00
2,527.17

1.76%
(52.67)
Aa1/AA+
AA+

1.84 1.74
91282CHK0 UNITED STATES TREASURY 4.0
06/30/2028 350,000.00 08/20/20243.76%
353,007.81
351,688.56
100.23

3.89%
350,793.10
4,679.56

1.65%
(895.46)
Aa1/AA+
AA+

2.17 2.03
91282CNU1 UNITED STATES TREASURY 3.625
08/15/2028 250,000.00 01/29/20263.60%
250,156.25
250,140.93

99.41 3.89%
248,535.25
1,877.59

1.17%
(1,605.68)
Aa1/AA+
AA+

2.29 2.16
91282CJF9 UNITED STATES TREASURY 4.875
10/31/2028 375,000.00 08/08/20243.85%
389,765.63
383,740.79
102.28

3.91%
383,539.88

49.68 1.80%
(200.92)
Aa1/AA+
AA+

2.50 2.34
91282CPP0 UNITED STATES TREASURY 3.5
12/15/2028 250,000.00 01/29/20263.62%
249,169.92
249,241.86

99.00 3.90%
247,500.00
3,293.27

1.16%
(1,741.86)
Aa1/AA+
AA+

2.63 2.45
91282CKD2 UNITED STATES TREASURY 4.25
02/28/2029 375,000.00 11/26/20244.21%
375,585.94
375,389.87
100.89

3.91%
378,339.75
2,685.12

1.78%
2,949.88
Aa1/AA+
AA+

2.83 2.63
91282CKG5 UNITED STATES TREASURY 4.125
03/31/2029 350,000.00 11/18/20244.31%
347,498.05
348,327.32
100.57

3.92%
351,982.40
1,222.85

1.65%
3,655.08
Aa1/AA+
AA+

2.92 2.72
91282CKP5 UNITED STATES TREASURY 4.625
04/30/2029 375,000.00 08/08/20243.84%
387,583.01
382,987.48
101.98

3.92%
382,412.25

47.13 1.79%
(575.23)
Aa1/AA+
AA+

3.00 2.78
91282CEV9 UNITED STATES TREASURY 3.25
06/30/2029 350,000.00 11/18/20244.31%
334,591.80
339,422.87

98.01 3.92%
343,027.30
3,802.14

1.61%
3,604.43
Aa1/AA+
AA+

3.17 2.94
91282CLC3 UNITED STATES TREASURY 4.0
07/31/2029 350,000.00 08/20/20243.70%
354,634.77
353,047.91
100.20

3.93%
350,683.55
3,480.66

1.65%
(2,364.36)
Aa1/AA+
AA+

3.25 2.99
91282CLK5 UNITED STATES TREASURY 3.625
08/31/2029 400,000.00 --3.60%
400,687.50
400,368.80

99.01 3.94%
396,046.80
2,442.93

1.86%
(4,322.00)
Aa1/AA+
AA+

3.34 3.09
91282CLN9 UNITED STATES TREASURY 3.5
09/30/2029 400,000.00 --4.09%
389,617.18
392,720.32

98.59 3.95%
394,343.60
1,185.79

1.85%
1,623.28
Aa1/AA+
AA+

3.42 3.18
91282CLR0 UNITED STATES TREASURY 4.125
10/31/2029 400,000.00 --4.33%
396,388.68
397,420.64
100.55

3.95%
402,203.20

44.84 1.89%
4,782.56
Aa1/AA+
AA+

3.50 3.23
91282CMA6 UNITED STATES TREASURY 4.125
11/30/2029 400,000.00 12/11/20244.09%
400,546.88
400,394.63
100.56

3.95%
402,250.00
6,890.11

1.89%
1,855.37
Aa1/AA+
AA+

3.59 3.25
91282CMD0 UNITED STATES TREASURY 4.375
12/31/2029 400,000.00 --4.45%
398,679.69
399,022.56
101.40

3.96%
405,609.20
5,849.45

1.90%
6,586.64
Aa1/AA+
AA+

3.67 3.32
91282CMU2 UNITED STATES TREASURY 4.0
03/31/2030 300,000.00 04/07/20253.75%
303,375.00
302,654.70
100.09

3.97%
300,281.40
1,016.39

1.41%
(2,373.30)
Aa1/AA+
AA+

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
91282CMZ1 UNITED STATES TREASURY 3.875
04/30/2030 500,000.00 09/16/20253.57%
506,425.78
505,564.44

99.62 3.98%
498,086.00

52.65 2.34%
(7,478.44)
Aa1/AA+
AA+

4.00 3.67
91282CNG2 UNITED STATES TREASURY 4.0
05/31/2030 350,000.00 06/09/20254.08%
348,742.19
348,967.29
100.06

3.98%
350,218.75
5,846.15

1.64%
1,251.46
Aa1/AA+
AA+

4.08 3.67
91282CNK3 UNITED STATES TREASURY 3.875
06/30/2030 325,000.00 07/29/20253.95%
323,933.59
324,096.88

99.57 3.99%
323,603.48
4,209.51

1.52%
(493.40)
Aa1/AA+
AA+

4.17 3.76
91282CNN7 UNITED STATES TREASURY 3.875
07/31/2030 225,000.00 08/26/20253.77%
226,081.05
225,932.62

99.54 3.99%
223,971.75
2,167.65

1.05%
(1,960.87)
Aa1/AA+
AA+

4.25 3.85
91282CNX5 UNITED STATES TREASURY 3.625
08/31/2030 500,000.00 09/16/20253.58%
500,937.50
500,820.38

98.50 4.01%
492,480.50
3,053.67

2.31%
(8,339.88)
Aa1/AA+
AA+

4.34 3.94
91282CPN5 UNITED STATES TREASURY 3.5
11/30/2030 150,000.00 12/09/20253.77%
148,154.30
148,298.62

97.89 4.01%
146,835.90
2,192.31

0.69%
(1,462.72)
Aa1/AA+
AA+

4.59 4.12
91282CPR6 UNITED STATES TREASURY 3.625
12/31/2030 350,000.00 01/29/20263.82%
347,033.20
347,183.52

98.36 4.01%
344,271.55
4,240.85

1.62%
(2,911.97)
Aa1/AA+
AA+

4.67 4.20
Total US Treasury 9,550,000.00 3.92%
9,572,304.70
9,557,289.74
100.01

3.92%
9,549,442.15
71,542.36

44.80%
(7,847.59)

3.02 2.78
Total Portfolio 21,416,449.74 4.18%
21,265,959.13
21,294,616.05

98.45 4.08%
21,313,392.49
149,853.72
100.00%
18,776.45

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

ACQUISITIONS
Purchase 04/02/2026 X9USDDGCM 211.42 DREYFUS GVT CM INST 1.000 3.53% (211.42) 0.00 (211.42) 0.00 Purchase 04/15/2026 X9USDDGCM 13,460.93 DREYFUS GVT CM INST 1.000 3.53% (13,460.93) 0.00 (13,460.93) 0.00 Purchase 04/15/2026 X9USDDGCM 16,816.05 DREYFUS GVT CM INST 1.000 3.53% (16,816.05) 0.00 (16,816.05) 0.00 Purchase 04/16/2026 X9USDDGCM 7,311.00 DREYFUS GVT CM INST 1.000 3.56% (7,311.00) 0.00 (7,311.00) 0.00 Purchase 04/20/2026 X9USDDGCM 3,807.23 DREYFUS GVT CM INST 1.000 3.53% (3,807.23) 0.00 (3,807.23) 0.00 Purchase 04/21/2026 X9USDDGCM 2,180.33 DREYFUS GVT CM INST 1.000 3.53% (2,180.33) 0.00 (2,180.33) 0.00 Purchase 04/22/2026 X9USDDGCM 3,788.75 DREYFUS GVT CM INST 1.000 3.53% (3,788.75) 0.00 (3,788.75) 0.00 Purchase 04/27/2026 X9USDDGCM 10,876.70 DREYFUS GVT CM INST 1.000 3.55% (10,876.70) 0.00 (10,876.70) 0.00 Purchase 04/27/2026 X9USDDGCM 24,951.03 DREYFUS GVT CM INST 1.000 3.55% (24,951.03) 0.00 (24,951.03) 0.00 Purchase 04/28/2026 X9USDDGCM 4,023.75 DREYFUS GVT CM INST 1.000 3.52% (4,023.75) 0.00 (4,023.75) 0.00 Purchase 04/30/2026 X9USDDGCM 35,750.01 DREYFUS GVT CM INST 1.000 3.54% (35,750.01) 0.00 (35,750.01) 0.00 Total Purchase 123,177.20 (123,177.20) 0.00 (123,177.20) 0.00 TOTAL
ACQUISITIONS 123,177.20 (123,177.20) 0.00 (123,177.20) 0.00 OTHER

TRANSACTIONS
Coupon 04/01/2026 3137FLN91 0.00 FHMS K-091 A2 3.505
03/25/2029 4.62% 876.25 0.00 876.25 0.00
Coupon 04/01/2026 3137FJEH8 0.00 FHMS K-081 A2 3.9
08/25/2028 4.53% 812.50 0.00 812.50 0.00
Coupon 04/01/2026 3137FRUJ8 0.00 FHMS K-105 A2 1.872
01/25/2030 4.43% 429.00 0.00 429.00 0.00
Coupon 04/01/2026 3137FNAE0 0.00 FHMS K-095 A2 2.785
06/25/2029 4.39% 580.21 0.00 580.21 0.00
Coupon 04/01/2026 3137FJKE8 0.00 FHMS K-082 A2 3.92
09/25/2028 4.27% 816.67 0.00 816.67 0.00
Coupon 04/01/2026 3137FPHK4 0.00 FHMS K-098 A2 2.425
08/25/2029 4.26% 606.25 0.00 606.25 0.00
Coupon 04/01/2026 3137FMCR1 0.00 FHMS K-093 A2 2.982
05/25/2029 4.15% 366.17 0.00 366.17 0.00
Item 7.3
Tuesday, June 02, 2026 25 of 280
CONFIDENTIAL | 15
City of Campbell | Account #11214 | As of April 30, 2026 Execution Time: 05/05/2026 10:15:52 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

TRANSACTION LEDGER
Transaction Type Settlement
Date CUSIP Quantity Security Description Price
Acq/
Disp
Yield
Amount Interest Pur/
Sold Total Amount Gain/Loss
Coupon 04/01/2026 3137F62M8 0.00 FHMS K-118 A2 1.493
09/25/2030 4.03% 311.04 0.00 311.04 0.00
Coupon 04/01/2026 3137F83Q4 0.00 FHMS K-121 A2 1.547
10/25/2030 4.00% 322.29 0.00 322.29 0.00
Coupon 04/01/2026 3137FKSH0 0.00 FHMS K-086 A2 3.859
11/25/2028 3.82% 482.37 0.00 482.37 0.00
Coupon 04/15/2026 47800DAD6 0.00 JDOT 2025 A3 4.23
09/17/2029 5.09% 352.50 0.00 352.50 0.00
Coupon 04/15/2026 58773DAD6 0.00 MBART 2025-1 A3 4.78
12/17/2029 4.84% 458.08 0.00 458.08 0.00
Coupon 04/15/2026 89231HAD8 0.00 TAOT 2025-B A3 4.34
11/15/2029 4.82% 235.08 0.00 235.08 0.00
Coupon 04/15/2026 34535VAD6 0.00 FORDO 2024-D A3 4.61
08/15/2029 4.66% 461.00 0.00 461.00 0.00
Coupon 04/15/2026 47800RAD5 0.00 JDOT 2024 A3 4.96
11/15/2028 4.63% 674.29 0.00 674.29 0.00
Coupon 04/15/2026 891940AC2 0.00 TAOT 2023-A A3 4.63
09/15/2027 4.63% 126.35 0.00 126.35 0.00
Coupon 04/15/2026 02589BAE0 0.00 AMXCA 2024-3 A 4.65
07/15/2027 4.57% 775.00 0.00 775.00 0.00
Coupon 04/15/2026 89239TAD4 0.00 TAOT 2024-D A3 4.4
06/15/2029 4.51% 220.00 0.00 220.00 0.00
Coupon 04/15/2026 44935XAD7 0.00 HART 2025-B A3 4.36
12/17/2029 4.36% 290.67 0.00 290.67 0.00
Coupon 04/15/2026 92970QAE5 0.00 WFCIT 2024-2 A 4.29
10/15/2029 4.29% 393.25 0.00 393.25 0.00
Coupon 04/15/2026 02582JKP4 0.00 AMXCA 2025-2 A 4.28
04/15/2030 4.28% 606.33 0.00 606.33 0.00
Coupon 04/15/2026 58770YAD3 0.00 MBALT 2026-A A3 3.93
01/15/2030 3.97% 196.50 0.00 196.50 0.00
Coupon 04/15/2026 91282CJC6 0.00

UNITED STATES
TREASURY 4.625
10/15/2026

TRANSACTION LEDGER
Transaction Type Settlement
Date CUSIP Quantity Security Description Price
Acq/
Disp
Yield
Amount Interest Pur/
Sold Total Amount Gain/Loss
Coupon 04/16/2026 362955AD8 0.00 GMCAR 2025-1 A3 4.62
12/17/2029 5.03% 308.00 0.00 308.00 0.00
Coupon 04/16/2026 38014AAD3 0.00 GMCAR 2024-4 A3 4.4
08/16/2029 4.32% 220.00 0.00 220.00 0.00
Coupon 04/16/2026 459058LN1 0.00

INTERNATIONAL BANK

FOR RECONSTRUCTION
AND DEVELOPM 3.875
10/16/2029

4.29% 6,783.00 0.00 6,783.00 0.00
Coupon 04/18/2026 61748UAK8 0.00 MORGAN STANLEY

4.133 10/18/2029 4.25% 3,131.90 0.00 3,131.90 0.00
Coupon 04/20/2026 362962AD4 0.00 GMALT 2025-2 A3 4.58
05/22/2028 4.84% 362.58 0.00 362.58 0.00
Coupon 04/20/2026 379965AD8 0.00 GMALT 2025-3 A3 4.17
08/21/2028 4.18% 312.75 0.00 312.75 0.00
Coupon 04/21/2026 38141GD27 0.00

GOLDMAN SACHS
GROUP INC 4.153
10/21/2029

4.37% 2,180.33 0.00 2,180.33 0.00
Coupon 04/22/2026 857477CP6 0.00 STATE STREET CORP

4.33 10/22/2027 4.54% 3,788.75 0.00 3,788.75 0.00
Coupon 04/25/2026 06051GLG2 0.00

BANK OF AMERICA
CORP 5.202
04/25/2029

4.69% 3,901.50 0.00 3,901.50 0.00
Coupon 04/25/2026 096919AD7 0.00 BMWOT 2024-A A3

5.18 02/26/2029 4.69% 1,372.45 0.00 1,372.45 0.00
Coupon 04/28/2026 931142FN8 0.00 WALMART INC 4.35
04/28/2030 4.39% 4,023.75 0.00 4,023.75 0.00
Coupon 04/30/2026 91282CLR0 0.00

UNITED STATES
TREASURY 4.125
10/31/2029

4.33% 8,250.00 0.00 8,250.00 0.00
Coupon 04/30/2026 91282CJF9 0.00

UNITED STATES
TREASURY 4.875
10/31/2028

TRANSACTION LEDGER
Transaction Type Settlement
Date CUSIP Quantity Security Description Price
Acq/
Disp
Yield
Amount Interest Pur/
Sold Total Amount Gain/Loss
Coupon 04/30/2026 91282CKP5 0.00

UNITED STATES
TREASURY 4.625
04/30/2029

3.84% 8,671.88 0.00 8,671.88 0.00
Coupon 04/30/2026 91282CMZ1 0.00

UNITED STATES
TREASURY 3.875
04/30/2030

3.57% 9,687.50 0.00 9,687.50 0.00
Total Coupon 0.00 81,198.70 0.00 81,198.70 0.00
Dividend 04/30/2026 X9USDDGCM 0.00 DREYFUS GVT CM INST 3.51% 429.50 0.00 429.50 0.00 Total Dividend 0.00 429.50 0.00 429.50 0.00
Principal Paydown 04/01/2026 3137FMCR1 167.11 FHMS K-093 A2 2.982 05/25/2029 4.15% 167.11 -- 167.11 0.00
Principal Paydown 04/15/2026 47800RAD5 10,371.78 JDOT 2024 A3 4.96 11/15/2028 4.63% 10,371.78 -- 10,371.78 (0.00)
Principal Paydown 04/15/2026 891940AC2 6,444.27 TAOT 2023-A A3 4.63 09/15/2027 4.63% 6,444.27 -- 6,444.27 (0.00)
Principal Paydown 04/25/2026 096919AD7 24,783.92 BMWOT 2024-A A3

5.18 02/26/2029 4.69% 24,783.92 -- 24,783.92 (0.00)
Total Principal
Paydown 41,767.08 41,767.08 -- 41,767.08 (0.01)

TOTAL OTHER
TRANSACTIONS 41,767.08 123,395.28 0.00 123,395.28 (0.01) Item 7.3
Tuesday, June 02, 2026 28 of 280
CONFIDENTIAL | 18
City of Campbell | Account #11214 | As of April 30, 2026 Execution Time: 05/05/2026 10:15:52 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

INCOME EARNED
Cusip Security Description
Trade Date
Settle Date
Units
Book Value: Begin
Book Value: Acq
Book Value: Disp
Book Value: End
Prior Accrued
Inc. Received
Ending Accrued
Total Interest
Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
Total Income

CASH & EQUIVALENTS
CCYUSD Receivable
429.50
211.40

0.00 0.00
429.50

0.00 0.00

0.00 X9USDDGCM DREYFUS GVT CM INST
241,608.99
118,431.79
123,177.20

0.00 241,608.99

0.00 211.42

0.00 0.00

0.00 211.42
211.42
Total Cash & Equivalents 242,038.49
118,643.19
123,177.20

0.00 242,038.49

0.00 211.42

0.00 0.00

0.00 211.42 211.42

FIXED INCOME
00287YDY2 ABBVIE INC 4.65 03/15/2028
02/18/2025
02/26/2025
125,000.00
124,893.35

0.00 0.00
124,897.83
258.33

0.00 742.71
484.38

4.48 0.00

4.48 488.86
488.86
02079KBK2 ALPHABET INC 4.1
02/15/2031
02/12/2026
02/17/2026
200,000.00
200,011.04

0.00 0.00
200,010.84
1,093.33

0.00 1,776.67
683.33

0.67 (0.87)
(0.20)
683.13
683.13
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
1,458.79

0.00 2,075.19
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
169,997.47

0.00 0.00
169,997.52
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
200,294.09

0.00 0.00
200,275.32
413.33
775.00
413.33
775.00

5.202 04/25/2029
08/12/2024
08/13/2024
150,000.00
151,425.06

0.00 0.00
151,368.43
3,381.30
3,901.50
130.05
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
1,389.97

0.00 2,012.35
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
889.60

0.00 1,306.60
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
224,188.18

0.00 0.00
224,243.79
2,694.60

0.00 3,443.10
748.50

55.60 0.00

55.60 804.10
804.10
096919AD7 BMWOT 2024-A A3 5.18
02/26/2029 293,158.25
319,978.72

0.00 (24,783.92)
294,958.24
274.49
1,372.45
253.09
1,351.05

0.00 (236.56)
(236.56)
1,114.49
1,114.49
13063EGT7 CALIFORNIA STATE 4.5
08/01/2029
10/30/2024
11/05/2024
205,000.00
205,760.62

0.00 0.00
205,741.88
1,537.50

0.00 2,306.25
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
249,704.53

0.00 0.00
249,711.22
4,438.89

0.00 5,418.06
979.17

6.70 0.00

6.70 985.86
985.86
17275RBW1 CISCO SYSTEMS INC 4.55
02/24/2028
03/11/2025
03/12/2025
250,000.00
250,985.33

0.00 0.00
250,940.74
1,169.10

0.00 2,117.01
947.92

0.00 (44.58)
(44.58)
903.33
903.33
24422EXT1 JOHN DEERE CAPITAL CORP

4.85 06/11/2029
08/12/2024
08/13/2024
225,000.00
227,871.50

0.00 0.00
227,797.68
3,334.38

0.00 4,243.75
909.38

0.00 0.00
233,396.49
782.64

0.00 1,293.06
510.42
414.40

0.00 414.40
924.81
924.81
30303MAB8 META PLATFORMS INC 4.2
11/15/2030
11/13/2025
11/17/2025
250,000.00
250,446.17

0.00 0.00
250,438.10
4,316.67

0.00 5,191.67
875.00

0.00 (8.07)
(8.07)
866.93
866.93
3130B7QM9 FEDERAL HOME LOAN BANKS

3.5 09/09/2027
09/23/2025
09/24/2025
500,000.00
499,113.52

0.00 0.00
499,164.08
1,069.44

0.00 2,527.78
1,458.33

50.56 0.00

50.56 1,508.89
1,508.89
3137F62M8 FHMS K-118 A2 1.493
09/25/2030
01/29/2026
01/30/2026
250,000.00
224,593.05

0.00 0.00
225,065.30
311.04
311.04
311.04
311.04
472.25

0.00 472.25
783.29
783.29
3137F83Q4 FHMS K-121 A2 1.547
10/25/2030
01/08/2026
01/13/2026
250,000.00
224,799.18

0.00 0.00
225,259.05
322.29
322.29
322.29
322.29
459.87

0.00 459.87
782.16
782.16
3137FJEH8 FHMS K-081 A2 3.9
08/25/2028
11/21/2024
11/26/2024
250,000.00
246,405.18

0.00 0.00
246,531.61
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
247,739.03

0.00 0.00
247,815.76
816.67
816.67
816.67
816.67

76.73 0.00

76.73 893.40
893.40
3137FKSH0 FHMS K-086 A2 3.859
11/25/2028
09/18/2024
09/23/2024
150,000.00
150,003.69

0.00 0.00
150,003.57
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
291,192.61

0.00 0.00
291,440.70
876.25
876.25
876.25
876.25
248.10

0.00 (167.11)
142,581.09
366.17
366.17
365.76
365.75
131.42

0.00 131.42
497.18
497.18
3137FNAE0 FHMS K-095 A2 2.785
06/25/2029
03/13/2025
03/18/2025
250,000.00
238,480.49

0.00 0.00
238,779.18
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
283,549.53

0.00 0.00
283,954.72
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
251,366.85

0.00 0.00
251,883.98
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
119,997.25

0.00 0.00
119,997.32
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
79,995.52

0.00 0.00
79,995.62
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
94,998.87

0.00 0.00
94,998.91
132.95
362.58
132.95
362.58

0.04 0.00

0.04 362.62
362.62
379965AD8 GMALT 2025-3 A3 4.17
08/21/2028
08/05/2025
08/13/2025
90,000.00
89,989.18

0.00 0.00
89,989.55
114.68
312.75
114.68
312.75

0.37 0.00

0.37 313.12
313.12
38014AAD3 GMCAR 2024-4 A3 4.4
08/16/2029
10/08/2024
10/16/2024
60,000.00
59,991.92

0.00 0.00
59,992.12
110.00
220.00
110.00
220.00

0.20 0.00

0.00 0.00
105,000.00
1,938.07
2,180.33
121.13
363.39

0.00 0.00

0.00 363.39
363.39
44935XAD7 HART 2025-B A3 4.36
12/17/2029
06/03/2025
06/11/2025
80,000.00
79,994.07

0.00 0.00
79,994.20
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
345,373.49

0.00 0.00
345,480.75
6,216.00
6,783.00
563.50
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
124,645.88

0.00 0.00
124,653.22
157.55

0.00 587.24
429.69

7.33 0.00

7.33 437.02
437.02
46647PDG8 JPMORGAN CHASE & CO

4.851 07/25/2028
08/12/2024
08/13/2024
150,000.00
150,416.21

0.00 0.00
150,390.20
1,334.03

0.00 1,940.40
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
1,051.95

0.00 1,522.97
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
99,995.18

0.00 0.00
99,995.29
188.00
352.50
188.00
352.50

0.11 0.00

0.11 352.61
352.61
47800RAD5 JDOT 2024 A3 4.96
11/15/2028
02/20/2025
02/21/2025
152,763.66
163,721.70

0.00 (10,371.78)
153,286.21
359.62
674.29
336.76
651.43

0.00 (63.71)
(63.71)
587.72
587.72
532457CQ9 ELI LILLY AND CO 4.2
08/14/2029
08/12/2024
08/14/2024
235,000.00
234,844.74

0.00 0.00
234,848.53
1,288.58

0.00 2,111.08
822.50

3.78 0.00

MARSH & MCLENNAN
COMPANIES INC 4.65
03/15/2030
03/24/2025
03/25/2025
250,000.00
249,805.19

0.00 0.00
249,809.23
516.67

0.00 1,485.42
968.75

4.05 0.00

4.05 972.80
972.80
58770YAD3 MBALT 2026-A A3 3.93
01/15/2030
01/13/2026
01/21/2026
60,000.00
59,988.67

0.00 0.00
59,988.92
104.80
196.50
104.80
196.50

0.25 0.00

0.25 196.75
196.75
58773DAD6 MBART 2025-1 A3 4.78
12/17/2029
01/14/2025
01/23/2025
115,000.00
114,981.46

0.00 0.00
114,981.87
244.31
458.08
244.31
458.08

0.41 0.00

0.41 458.49
458.49
61748UAK8 MORGAN STANLEY 4.133
10/18/2029
10/17/2025
10/22/2025
155,000.00
155,016.63

0.00 0.00
155,016.09
2,829.38
3,131.90
231.33
533.85

0.00 (0.54)
(0.54)
533.31
533.31
62479MES8 MUFG Bank, Ltd., New York
Branch 05/26/2026
09/23/2025
09/23/2025
350,000.00
347,925.28

0.00 0.00
349,056.94

0.00 0.00

0.00 0.00
1,131.67

0.00 1,131.67
1,131.67
1,131.67
63743HFX5

NATIONAL RURAL UTILITIES

COOPERATIVE FINANCE CORP

4.95 02/07/2030
02/20/2025
02/21/2025
250,000.00
250,425.24

0.00 0.00
250,415.97
1,856.25

0.00 2,887.50
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
229,707.54

0.00 0.00
229,713.39
4,156.93

0.00 5,029.01
872.08

5.86 0.00

5.86 877.94
877.94
74340XCQ2 PROLOGIS LP 4.75
01/15/2031
01/14/2026
01/15/2026
250,000.00
255,566.40

0.00 0.00
255,469.25
2,506.94

0.00 3,496.53
989.58

0.00 (97.14)
(97.14)
892.44
892.44
756109CW2 REALTY INCOME CORP 3.95
02/01/2029
01/07/2026
01/08/2026
250,000.00
249,608.81

0.00 0.00
249,620.13
1,645.83

0.00 2,468.75
822.92

11.32 0.00

0.00 0.00
140,315.87
315.00

0.00 840.00
525.00

0.00 (14.47)
(14.47)
510.53
510.53
857477CP6 STATE STREET CORP 4.33
10/22/2027
11/07/2024
11/08/2024
175,000.00
174,459.63

0.00 0.00
174,488.13
3,346.73
3,788.75
189.44
631.46

28.49 0.00

28.49 659.95
659.95
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
1,853.26

0.00 2,764.69
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
26,303.24
32,751.11

0.00 (6,444.27)
26,305.69

67.39 126.35

54.13 113.09

0.00 (1.15)
(1.15)
111.94
111.94
89231HAD8 TAOT 2025-B A3 4.34
11/15/2029
04/24/2025
04/30/2025
65,000.00
64,997.03

0.00 0.00
64,997.10
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
225,381.53

0.00 0.00
225,372.19
1,478.75

0.00 2,331.88
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
169,725.26

0.00 0.00
169,731.23
1,916.75

0.00 2,618.00
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
59,997.70

0.00 0.00
59,997.75
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
200,602.44

0.00 0.00
200,575.51
1,551.00

0.00 2,326.50
775.50

3.25 06/30/2029
11/18/2024
11/19/2024
350,000.00
339,148.38

0.00 0.00
339,422.87
2,859.46

0.00 3,802.14
942.68
274.49

0.00 274.49
1,217.17
1,217.17
91282CFM8 UNITED STATES TREASURY

4.125 09/30/2027
10/31/2024
11/01/2024
350,000.00
349,753.76

0.00 0.00
349,767.27

39.45 0.00
1,222.85
1,183.40

13.50 0.00

13.50 1,196.91
1,196.91
91282CGP0 UNITED STATES TREASURY 4.0
02/29/2028
08/08/2024
08/09/2024
375,000.00
375,835.53

0.00 0.00
375,799.67
1,304.35

0.00 2,527.17
1,222.83

0.00 (35.86)
(35.86)
1,186.97
1,186.97
91282CHK0 UNITED STATES TREASURY 4.0
06/30/2028
08/20/2024
08/21/2024
350,000.00
351,752.60

0.00 0.00
351,688.56
3,519.34

0.00 4,679.56
1,160.22

0.00 (64.04)
(64.04)
1,096.18
1,096.18
91282CJC6 UNITED STATES TREASURY

4.625 10/15/2026
08/30/2024
08/30/2024
375,000.00
376,398.25

0.00 0.00
376,185.31
8,004.81
8,671.88
758.20
1,425.27

0.00 (212.93)
(212.93)
1,212.34
1,212.34
91282CJF9 UNITED STATES TREASURY

4.875 10/31/2028
08/08/2024
08/09/2024
375,000.00
384,027.69

0.00 0.00
383,740.79
7,676.11
9,140.63

49.68 1,514.20

0.00 (286.90)
(286.90)
1,227.31
1,227.31
91282CKD2 UNITED STATES TREASURY

4.25 02/28/2029
11/26/2024
11/27/2024
375,000.00
375,401.18

0.00 0.00
375,389.87
1,385.87

0.00 2,685.12
1,299.25

0.00 (11.31)
(11.31)
1,287.94
1,287.94
91282CKE0 UNITED STATES TREASURY

4.25 03/15/2027
08/20/2024
08/21/2024
350,000.00
351,235.20

0.00 0.00
351,128.72
687.16

0.00 1,899.80
1,212.64

0.00 (106.48)
(106.48)
1,106.15
1,106.15
91282CKG5 UNITED STATES TREASURY

4.125 03/31/2029
11/18/2024
11/19/2024
350,000.00
348,280.20

0.00 0.00
348,327.32

39.45 0.00
1,222.85
1,183.40

47.12 0.00

4.625 04/30/2029
08/08/2024
08/09/2024
375,000.00
383,206.31

0.00 0.00
382,987.48
7,282.46
8,671.88

47.13 1,436.55

0.00 (218.84)
(218.84)
1,217.72
1,217.72
91282CKZ3 UNITED STATES TREASURY

4.375 07/15/2027
08/08/2024
08/09/2024
375,000.00
377,110.47

0.00 0.00
376,975.76
3,444.41

0.00 4,804.04
1,359.63

0.00 (134.71)
(134.71)
1,224.92
1,224.92
91282CLC3 UNITED STATES TREASURY 4.0
07/31/2029
08/20/2024
08/21/2024
350,000.00
353,124.94

0.00 0.00
353,047.91
2,320.44

0.00 3,480.66
1,160.22

0.00 (77.03)
(77.03)
1,083.19
1,083.19
91282CLK5 UNITED STATES TREASURY

3.625 08/31/2029 400,000.00
400,377.88

0.00 0.00
400,368.80
1,260.87

0.00 2,442.93
1,182.07

35.61 (44.69)
(9.08)
1,172.98
1,172.98
91282CLN9 UNITED STATES TREASURY 3.5
09/30/2029 400,000.00
392,545.33

0.00 0.00
392,720.32

38.25 0.00
1,185.79
1,147.54
174.99

0.00 174.99
1,322.53
1,322.53
91282CLR0 UNITED STATES TREASURY

4.125 10/31/2029 400,000.00
397,360.14

0.00 0.00
397,420.64
6,928.18
8,250.00

44.84 1,366.66

60.50 0.00

60.50 1,427.16
1,427.16
91282CMA6 UNITED STATES TREASURY

4.125 11/30/2029
12/11/2024
12/12/2024
400,000.00
400,403.68

0.00 0.00
400,394.63
5,530.22

0.00 6,890.11
1,359.89

0.00 (9.04)
(9.04)
1,350.85
1,350.85
91282CMD0 UNITED STATES TREASURY

4.375 12/31/2029 400,000.00
399,000.68

0.00 0.00
399,022.56
4,399.17

0.00 5,849.45
1,450.28

24.93 (3.05)

21.88 1,472.16
1,472.16
91282CMU2 UNITED STATES TREASURY 4.0
03/31/2030
04/07/2025
04/08/2025
300,000.00
302,710.40

0.00 0.00
302,654.70

32.79 0.00
1,016.39
983.61

3.875 04/30/2030
09/16/2025
09/17/2025
500,000.00
505,678.77

0.00 0.00
505,564.44
8,135.36
9,687.50

52.65 1,604.79

0.00 (114.34)
(114.34)
1,490.45
1,490.45
91282CNG2 UNITED STATES TREASURY 4.0
05/31/2030
06/09/2025
06/10/2025
350,000.00
348,946.51

0.00 0.00
348,967.29
4,692.31

0.00 5,846.15
1,153.85

20.78 0.00

20.78 1,174.62
1,174.62
91282CNK3 UNITED STATES TREASURY

3.875 06/30/2030
07/29/2025
07/30/2025
325,000.00
324,079.06

0.00 0.00
324,096.88
3,165.83

0.00 4,209.51
1,043.68

17.81 0.00

17.81 1,061.49
1,061.49
91282CNN7 UNITED STATES TREASURY

3.875 07/31/2030
08/26/2025
08/27/2025
225,000.00
225,950.65

0.00 0.00
225,932.62
1,445.10

0.00 2,167.65
722.55

0.00 (18.03)
(18.03)
704.52
704.52
91282CNU1 UNITED STATES TREASURY

3.625 08/15/2028
01/29/2026
01/30/2026
250,000.00
250,145.98

0.00 0.00
250,140.93
1,126.55

0.00 1,877.59
751.04

0.00 (5.05)
(5.05)
745.98
745.98
91282CNX5 UNITED STATES TREASURY

3.625 08/31/2030
09/16/2025
09/17/2025
500,000.00
500,835.92

0.00 0.00
500,820.38
1,576.09

0.00 3,053.67
1,477.58

0.00 (15.55)
(15.55)
1,462.03
1,462.03
91282CPN5 UNITED STATES TREASURY 3.5
11/30/2030
12/09/2025
12/10/2025
150,000.00
148,268.13

0.00 0.00
148,298.62
1,759.62

0.00 2,192.31
432.69

30.49 0.00

30.49 463.18
463.18
91282CPP0 UNITED STATES TREASURY 3.5
12/15/2028
01/29/2026
01/30/2026
250,000.00
249,218.14

0.00 0.00
249,241.86
2,572.12

0.00 3,293.27
721.15

23.72 0.00

23.72 744.87
744.87
91282CPR6 UNITED STATES TREASURY

3.625 12/31/2030
01/29/2026
01/30/2026
350,000.00
347,133.97

0.00 0.00
347,183.52
3,189.40

0.00 4,240.85
1,051.45

49.56 0.00

0.00 0.00
139,820.41
781.28

0.00 1,259.61
478.33

3.08 0.00

3.08 481.42
481.42
92970QAE5 WFCIT 2024-2 A 4.29
10/15/2029
10/17/2024
10/24/2024
110,000.00
109,988.37

0.00 0.00
109,988.64
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
184,739.19

0.00 0.00
184,744.45
3,420.19
4,023.75

67.06 670.63

5.26 0.00

5.26 675.88
675.88
Total Fixed Income 21,174,411.25
21,091,106.98

0.00 (41,767.09)
21,052,577.56
161,333.84
81,198.70
149,853.72
69,718.58
5,357.91
(2,120.25)
3,237.66
72,956.24 72,956.24
TOTAL PORTFOLIO 21,416,449.74
21,209,750.17
123,177.20
(41,767.09)
21,294,616.05
161,333.84
81,410.12
149,853.72
69,930.00
5,357.91
(2,120.25)
3,237.66
73,167.66 73,167.66
Item 7.3
Tuesday, June 02, 2026 39 of 280
CONFIDENTIAL | 29
City of Campbell | Account #11214 | As of April 30, 2026 Execution Time: 05/05/2026 10:15:52 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount MAY 2026
05/01/2026 Dividend 262006208 0.00 DREYFUS GVT CM INST 429.50 429.50 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 30303MAB8 250,000.00 META PLATFORMS INC 4.2 11/15/2030 5,600.00 5,600.00 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 152,763.66 JDOT 2024 A3 4.96 11/15/2028 631.42 631.42 05/15/2026 Principal Paydown 47800RAD5 152,763.66 JDOT 2024 A3 4.96 11/15/2028 9,392.92 9,392.92 05/15/2026 Coupon 58770YAD3 60,000.00 MBALT 2026-A A3 3.93 01/15/2030 196.50 196.50 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 26,303.24 TAOT 2023-A A3 4.63 09/15/2027 101.49 101.49 05/15/2026 Principal Paydown 891940AC2 26,303.24 TAOT 2023-A A3 4.63 09/15/2027 5,622.29 5,622.29 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 05/25/2026 Coupon 096919AD7 293,158.25 BMWOT 2024-A A3 5.18 02/26/2029 1,352.00 1,352.00 05/25/2026 Principal Paydown 096919AD7 293,158.25 BMWOT 2024-A A3 5.18 02/26/2029 19,403.75 19,403.75 05/25/2026 Principal Paydown 3137FMCR1 147,186.10 FHMS K-093 A2 2.982 05/25/2029 181.08 181.08 05/26/2026 Coupon 3137F62M8 250,000.00 FHMS K-118 A2 1.493 09/25/2030 311.04 311.04 05/26/2026 Coupon 3137F83Q4 250,000.00 FHMS K-121 A2 1.547 10/25/2030 322.29 322.29 05/26/2026 Coupon 3137FJEH8 250,000.00 FHMS K-081 A2 3.9 08/25/2028 812.50 812.50 05/26/2026 Coupon 3137FJKE8 250,000.00 FHMS K-082 A2 3.92 09/25/2028 816.67 816.67 05/26/2026 Coupon 3137FKSH0 150,000.00 FHMS K-086 A2 3.859 11/25/2028 482.38 482.38 Item 7.3
Tuesday, June 02, 2026 40 of 280
CONFIDENTIAL | 30
City of Campbell | Account #11214 | As of April 30, 2026 Execution Time: 05/05/2026 10:15:52 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 05/26/2026 Coupon 3137FLN91 300,000.00 FHMS K-091 A2 3.505 03/25/2029 876.25 876.25 05/26/2026 Coupon 3137FMCR1 147,186.10 FHMS K-093 A2 2.982 05/25/2029 365.76 365.76 05/26/2026 Coupon 3137FNAE0 250,000.00 FHMS K-095 A2 2.785 06/25/2029 580.21 580.21 05/26/2026 Coupon 3137FPHK4 300,000.00 FHMS K-098 A2 2.425 08/25/2029 606.25 606.25 05/26/2026 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 385,029.53 29,586.51 414,616.04
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 06/01/2026 Coupon 91282CPN5 150,000.00 UNITED STATES TREASURY 3.5 11/30/2030 2,625.00 2,625.00 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 152,763.66 JDOT 2024 A3 4.96 11/15/2028 592.60 592.60 06/15/2026 Principal Paydown 47800RAD5 152,763.66 JDOT 2024 A3 4.96 11/15/2028 8,372.92 8,372.92 06/15/2026 Coupon 58770YAD3 60,000.00 MBALT 2026-A A3 3.93 01/15/2030 196.50 196.50 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 26,303.24 TAOT 2023-A A3 4.63 09/15/2027 79.79 79.79 06/15/2026 Principal Paydown 891940AC2 26,303.24 TAOT 2023-A A3 4.63 09/15/2027 5,528.23 5,528.23 06/15/2026 Coupon 89231HAD8 65,000.00 TAOT 2025-B A3 4.34 11/15/2029 235.08 235.08 06/15/2026 Coupon 89239TAD4 60,000.00 TAOT 2024-D A3 4.4 06/15/2029 220.00 220.00 06/15/2026 Principal Paydown 89239TAD4 60,000.00 TAOT 2024-D A3 4.4 06/15/2029 1,572.02 1,572.02 06/15/2026 Coupon 91282CPP0 250,000.00 UNITED STATES TREASURY 3.5 12/15/2028 4,375.00 4,375.00 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 Item 7.3
Tuesday, June 02, 2026 41 of 280
CONFIDENTIAL | 31
City of Campbell | Account #11214 | As of April 30, 2026 Execution Time: 05/05/2026 10:15:52 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 06/16/2026 Principal Paydown 38014AAD3 60,000.00 GMCAR 2024-4 A3 4.4 08/16/2029 2,850.28 2,850.28 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 293,158.25 BMWOT 2024-A A3 5.18 02/26/2029 1,268.24 1,268.24 06/25/2026 Principal Paydown 096919AD7 293,158.25 BMWOT 2024-A A3 5.18 02/26/2029 19,070.27 19,070.27 06/25/2026 Coupon 3137F62M8 250,000.00 FHMS K-118 A2 1.493 09/25/2030 311.04 311.04 06/25/2026 Coupon 3137F83Q4 250,000.00 FHMS K-121 A2 1.547 10/25/2030 322.29 322.29 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 147,186.10 FHMS K-093 A2 2.982 05/25/2029 365.31 365.31 06/25/2026 Principal Paydown 3137FMCR1 147,186.10 FHMS K-093 A2 2.982 05/25/2029 167.82 167.82 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 06/30/2026 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 06/30/2026 Coupon 91282CPR6 350,000.00 UNITED STATES TREASURY 3.625 12/31/2030 6,343.75 6,343.75 June 2026 Total 37,561.53 79,009.65 116,571.18
JULY 2026
07/09/2026 Coupon 89236TNA9 170,000.00 TOYOTA MOTOR CREDIT CORP 4.95 01/09/2030 4,207.50 4,207.50 07/15/2026 Coupon 02582JKP4 170,000.00 AMXCA 2025-2 A 4.28 04/15/2030 606.33 606.33 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 152,763.66 JDOT 2024 A3 4.96 11/15/2028 557.99 557.99 07/15/2026 Principal Paydown 47800RAD5 152,763.66 JDOT 2024 A3 4.96 11/15/2028 8,620.01 8,620.01 07/15/2026 Coupon 58770YAD3 60,000.00 MBALT 2026-A A3 3.93 01/15/2030 196.50 196.50 Item 7.3
Tuesday, June 02, 2026 42 of 280
CONFIDENTIAL | 32
City of Campbell | Account #11214 | As of April 30, 2026 Execution Time: 05/05/2026 10:15:52 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 07/15/2026 Coupon 58773DAD6 115,000.00 MBART 2025-1 A3 4.78 12/17/2029 458.08 458.08 07/15/2026 Coupon 74340XCQ2 250,000.00 PROLOGIS LP 4.75 01/15/2031 5,937.50 5,937.50 07/15/2026 Coupon 891940AC2 26,303.24 TAOT 2023-A A3 4.63 09/15/2027 58.46 58.46 07/15/2026 Principal Paydown 891940AC2 26,303.24 TAOT 2023-A A3 4.63 09/15/2027 5,398.59 5,398.59 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 214.24 214.24 07/15/2026 Principal Paydown 89239TAD4 60,000.00 TAOT 2024-D A3 4.4 06/15/2029 3,478.30 3,478.30 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 209.55 209.55 07/16/2026 Principal Paydown 38014AAD3 60,000.00 GMCAR 2024-4 A3 4.4 08/16/2029 2,981.57 2,981.57 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 293,158.25 BMWOT 2024-A A3 5.18 02/26/2029 1,185.92 1,185.92 07/27/2026 Principal Paydown 096919AD7 293,158.25 BMWOT 2024-A A3 5.18 02/26/2029 18,749.88 18,749.88 07/27/2026 Coupon 3137F62M8 250,000.00 FHMS K-118 A2 1.493 09/25/2030 311.04 311.04 07/27/2026 Coupon 3137F83Q4 250,000.00 FHMS K-121 A2 1.547 10/25/2030 322.29 322.29 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 147,186.10 FHMS K-093 A2 2.982 05/25/2029 364.89 364.89 07/27/2026 Principal Paydown 3137FMCR1 147,186.10 FHMS K-093 A2 2.982 05/25/2029 181.69 181.69 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 Item 7.3
Tuesday, June 02, 2026 43 of 280
CONFIDENTIAL | 33
City of Campbell | Account #11214 | As of April 30, 2026 Execution Time: 05/05/2026 10:15:52 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 07/31/2026 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 39,410.04 64,154.49 103,564.52
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 756109CW2 250,000.00 REALTY INCOME CORP 3.95 02/01/2029 4,937.50 4,937.50 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 08/12/2026 Coupon 92826CAZ5 140,000.00 VISA INC 4.1 02/12/2031 2,870.00 2,870.00 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 02079KBK2 200,000.00 ALPHABET INC 4.1 02/15/2031 4,145.56 4,145.56 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 Principal Paydown 34535VAD6 120,000.00 FORDO 2024-D A3 4.61 08/15/2029 311.90 311.90 08/17/2026 Coupon 362955AD8 80,000.00 GMCAR 2025-1 A3 4.62 12/17/2029 308.00 308.00 08/17/2026 Principal Paydown 362955AD8 80,000.00 GMCAR 2025-1 A3 4.62 12/17/2029 3,633.04 3,633.04 08/17/2026 Coupon 38014AAD3 60,000.00 GMCAR 2024-4 A3 4.4 08/16/2029 198.62 198.62 08/17/2026 Principal Paydown 38014AAD3 60,000.00 GMCAR 2024-4 A3 4.4 08/16/2029 3,249.23 3,249.23 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 152,763.66 JDOT 2024 A3 4.96 11/15/2028 522.36 522.36 08/17/2026 Principal Paydown 47800RAD5 152,763.66 JDOT 2024 A3 4.96 11/15/2028 8,921.18 8,921.18 08/17/2026 Coupon 58770YAD3 60,000.00 MBALT 2026-A A3 3.93 01/15/2030 196.50 196.50 08/17/2026 Coupon 58773DAD6 115,000.00 MBART 2025-1 A3 4.78 12/17/2029 458.08 458.08 08/17/2026 Principal Paydown 58773DAD6 115,000.00 MBART 2025-1 A3 4.78 12/17/2029 488.12 488.12 08/17/2026 Coupon 891940AC2 26,303.24 TAOT 2023-A A3 4.63 09/15/2027 37.63 37.63 Item 7.3
Tuesday, June 02, 2026 44 of 280
CONFIDENTIAL | 34
City of Campbell | Account #11214 | As of April 30, 2026 Execution Time: 05/05/2026 10:15:52 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 08/17/2026 Principal Paydown 891940AC2 26,303.24 TAOT 2023-A A3 4.63 09/15/2027 4,617.25 4,617.25 08/17/2026 Coupon 89231HAD8 65,000.00 TAOT 2025-B A3 4.34 11/15/2029 235.08 235.08 08/17/2026 Coupon 89239TAD4 60,000.00 TAOT 2024-D A3 4.4 06/15/2029 201.48 201.48 08/17/2026 Principal Paydown 89239TAD4 60,000.00 TAOT 2024-D A3 4.4 06/15/2029 3,201.43 3,201.43 08/17/2026 Coupon 91282CNU1 250,000.00 UNITED STATES TREASURY 3.625 08/15/2028 4,531.25 4,531.25 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 293,158.25 BMWOT 2024-A A3 5.18 02/26/2029 1,104.99 1,104.99 08/25/2026 Principal Paydown 096919AD7 293,158.25 BMWOT 2024-A A3 5.18 02/26/2029 18,264.36 18,264.36 08/25/2026 Coupon 3137F62M8 250,000.00 FHMS K-118 A2 1.493 09/25/2030 311.04 311.04 08/25/2026 Coupon 3137F83Q4 250,000.00 FHMS K-121 A2 1.547 10/25/2030 322.29 322.29 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 147,186.10 FHMS K-093 A2 2.982 05/25/2029 364.44 364.44 08/25/2026 Principal Paydown 3137FMCR1 147,186.10 FHMS K-093 A2 2.982 05/25/2029 168.52 168.52 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 08/31/2026 Coupon 91282CGP0 375,000.00 UNITED STATES TREASURY 4.0 02/29/2028 7,500.00 7,500.00 08/31/2026 Coupon 91282CKD2 375,000.00 UNITED STATES TREASURY 4.25 02/28/2029 7,968.75 7,968.75 08/31/2026 Coupon 91282CLK5 400,000.00 UNITED STATES TREASURY 3.625 08/31/2029 7,250.00 7,250.00 08/31/2026 Coupon 91282CNX5 500,000.00 UNITED STATES TREASURY 3.625 08/31/2030 9,062.50 9,062.50 August 2026 Total 42,855.03 94,940.16 137,795.19
SEPTEMBER 2026
09/09/2026 Coupon 3130B7QM9 500,000.00 FEDERAL HOME LOAN BANKS 3.5 09/09/2027 8,750.00 8,750.00 09/15/2026 Coupon 00287YDY2 125,000.00 ABBVIE INC 4.65 03/15/2028 2,906.25 2,906.25 09/15/2026 Coupon 02582JKP4 170,000.00 AMXCA 2025-2 A 4.28 04/15/2030 606.33 606.33 09/15/2026 Coupon 02589BAE0 200,000.00 AMXCA 2024-3 A 4.65 07/15/2027 775.00 775.00 Item 7.3
Tuesday, June 02, 2026 45 of 280
CONFIDENTIAL | 35
City of Campbell | Account #11214 | As of April 30, 2026 Execution Time: 05/05/2026 10:15:52 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 09/15/2026 Coupon 34535VAD6 120,000.00 FORDO 2024-D A3 4.61 08/15/2029 459.80 459.80 09/15/2026 Principal Paydown 34535VAD6 120,000.00 FORDO 2024-D A3 4.61 08/15/2029 4,780.03 4,780.03 09/15/2026 Coupon 44935XAD7 80,000.00 HART 2025-B A3 4.36 12/17/2029 290.67 290.67 09/15/2026 Coupon 47800DAD6 100,000.00 JDOT 2025 A3 4.23 09/17/2029 352.50 352.50 09/15/2026 Coupon 47800RAD5 152,763.66 JDOT 2024 A3 4.96 11/15/2028 485.49 485.49 09/15/2026 Principal Paydown 47800RAD5 152,763.66 JDOT 2024 A3 4.96 11/15/2028 10,586.89 10,586.89 09/15/2026 Coupon 571748CA8 250,000.00 MARSH & MCLENNAN COMPANIES INC 4.65 03/15/2030 5,812.50 5,812.50
09/15/2026 Coupon 58770YAD3 60,000.00 MBALT 2026-A A3 3.93 01/15/2030 196.50 196.50 09/15/2026 Coupon 58773DAD6 115,000.00 MBART 2025-1 A3 4.78 12/17/2029 456.14 456.14 09/15/2026 Principal Paydown 58773DAD6 115,000.00 MBART 2025-1 A3 4.78 12/17/2029 5,691.36 5,691.36 09/15/2026 Coupon 79466LAQ7 140,000.00 SALESFORCE INC 4.5 03/15/2028 3,185.00 3,185.00 09/15/2026 Coupon 891940AC2 26,303.24 TAOT 2023-A A3 4.63 09/15/2027 19.82 19.82 09/15/2026 Principal Paydown 891940AC2 26,303.24 TAOT 2023-A A3 4.63 09/15/2027 4,404.13 4,404.13 09/15/2026 Coupon 89231HAD8 65,000.00 TAOT 2025-B A3 4.34 11/15/2029 235.08 235.08 09/15/2026 Coupon 89239TAD4 60,000.00 TAOT 2024-D A3 4.4 06/15/2029 189.74 189.74 09/15/2026 Principal Paydown 89239TAD4 60,000.00 TAOT 2024-D A3 4.4 06/15/2029 3,099.05 3,099.05 09/15/2026 Coupon 91282CKE0 350,000.00 UNITED STATES TREASURY 4.25 03/15/2027 7,437.50 7,437.50 09/15/2026 Coupon 92970QAE5 110,000.00 WFCIT 2024-2 A 4.29 10/15/2029 393.25 393.25 09/16/2026 Coupon 362955AD8 80,000.00 GMCAR 2025-1 A3 4.62 12/17/2029 294.01 294.01 09/16/2026 Principal Paydown 362955AD8 80,000.00 GMCAR 2025-1 A3 4.62 12/17/2029 3,336.16 3,336.16 09/16/2026 Coupon 38014AAD3 60,000.00 GMCAR 2024-4 A3 4.4 08/16/2029 186.70 186.70 09/16/2026 Principal Paydown 38014AAD3 60,000.00 GMCAR 2024-4 A3 4.4 08/16/2029 3,196.64 3,196.64 09/21/2026 Coupon 362962AD4 95,000.00 GMALT 2025-2 A3 4.58 05/22/2028 362.58 362.58 09/21/2026 Coupon 379965AD8 90,000.00 GMALT 2025-3 A3 4.17 08/21/2028 312.75 312.75 09/21/2026 Coupon 459058LR2 125,000.00 INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPM 4.125 03/20/2030 2,578.13 2,578.13
09/25/2026 Coupon 096919AD7 293,158.25 BMWOT 2024-A A3 5.18 02/26/2029 1,026.15 1,026.15 09/25/2026 Principal Paydown 096919AD7 293,158.25 BMWOT 2024-A A3 5.18 02/26/2029 17,937.01 17,937.01 09/25/2026 Coupon 3137F62M8 250,000.00 FHMS K-118 A2 1.493 09/25/2030 311.04 311.04 09/25/2026 Coupon 3137F83Q4 250,000.00 FHMS K-121 A2 1.547 10/25/2030 322.29 322.29 09/25/2026 Coupon 3137FJEH8 250,000.00 FHMS K-081 A2 3.9 08/25/2028 812.50 812.50 Item 7.3
Tuesday, June 02, 2026 46 of 280
CONFIDENTIAL | 36
City of Campbell | Account #11214 | As of April 30, 2026 Execution Time: 05/05/2026 10:15:52 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 09/25/2026 Coupon 3137FJKE8 250,000.00 FHMS K-082 A2 3.92 09/25/2028 816.67 816.67 09/25/2026 Coupon 3137FKSH0 150,000.00 FHMS K-086 A2 3.859 11/25/2028 482.38 482.38 09/25/2026 Coupon 3137FLN91 300,000.00 FHMS K-091 A2 3.505 03/25/2029 876.25 876.25 09/25/2026 Coupon 3137FMCR1 147,186.10 FHMS K-093 A2 2.982 05/25/2029 364.02 364.02 09/25/2026 Principal Paydown 3137FMCR1 147,186.10 FHMS K-093 A2 2.982 05/25/2029 168.85 168.85 09/25/2026 Coupon 3137FNAE0 250,000.00 FHMS K-095 A2 2.785 06/25/2029 580.21 580.21 09/25/2026 Coupon 3137FPHK4 300,000.00 FHMS K-098 A2 2.425 08/25/2029 606.25 606.25 09/25/2026 Coupon 3137FRUJ8 275,000.00 FHMS K-105 A2 1.872 01/25/2030 429.00 429.00 09/30/2026 Coupon 91282CFM8 350,000.00 UNITED STATES TREASURY 4.125 09/30/2027 7,218.75 7,218.75 09/30/2026 Coupon 91282CKG5 350,000.00 UNITED STATES TREASURY 4.125 03/31/2029 7,218.75 7,218.75 09/30/2026 Coupon 91282CLN9 400,000.00 UNITED STATES TREASURY 3.5 09/30/2029 7,000.00 7,000.00 09/30/2026 Coupon 91282CMU2 300,000.00 UNITED STATES TREASURY 4.0 03/31/2030 6,000.00 6,000.00 September 2026
Total 53,200.13 70,350.00 123,550.12
OCTOBER 2026
10/15/2026 Coupon 02582JKP4 170,000.00 AMXCA 2025-2 A 4.28 04/15/2030 606.33 606.33 10/15/2026 Coupon 02589BAE0 200,000.00 AMXCA 2024-3 A 4.65 07/15/2027 775.00 775.00 10/15/2026 Coupon 34535VAD6 120,000.00 FORDO 2024-D A3 4.61 08/15/2029 441.44 441.44 10/15/2026 Principal Paydown 34535VAD6 120,000.00 FORDO 2024-D A3 4.61 08/15/2029 6,631.27 6,631.27 10/15/2026 Coupon 44935XAD7 80,000.00 HART 2025-B A3 4.36 12/17/2029 290.67 290.67 10/15/2026 Coupon 47800DAD6 100,000.00 JDOT 2025 A3 4.23 09/17/2029 352.50 352.50 10/15/2026 Coupon 47800RAD5 152,763.66 JDOT 2024 A3 4.96 11/15/2028 441.73 441.73 10/15/2026 Principal Paydown 47800RAD5 152,763.66 JDOT 2024 A3 4.96 11/15/2028 9,781.84 9,781.84 10/15/2026 Coupon 58770YAD3 60,000.00 MBALT 2026-A A3 3.93 01/15/2030 196.50 196.50 10/15/2026 Coupon 58773DAD6 115,000.00 MBART 2025-1 A3 4.78 12/17/2029 433.47 433.47 10/15/2026 Principal Paydown 58773DAD6 115,000.00 MBART 2025-1 A3 4.78 12/17/2029 5,471.70 5,471.70 10/15/2026 Coupon 891940AC2 26,303.24 TAOT 2023-A A3 4.63 09/15/2027 2.83 2.83 10/15/2026 Effective Maturity 891940AC2 26,303.24 TAOT 2023-A A3 4.63 09/15/2027 732.75 732.75 10/15/2026 Coupon 89231HAD8 65,000.00 TAOT 2025-B A3 4.34 11/15/2029 235.08 235.08 10/15/2026 Coupon 89239TAD4 60,000.00 TAOT 2024-D A3 4.4 06/15/2029 178.38 178.38 10/15/2026 Principal Paydown 89239TAD4 60,000.00 TAOT 2024-D A3 4.4 06/15/2029 2,983.91 2,983.91 10/15/2026 Coupon 91282CJC6 375,000.00 UNITED STATES TREASURY 4.625 10/15/2026 8,671.88 8,671.88 Item 7.3
Tuesday, June 02, 2026 47 of 280
CONFIDENTIAL | 37
City of Campbell | Account #11214 | As of April 30, 2026 Execution Time: 05/05/2026 10:15:52 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 10/15/2026 Final Maturity 91282CJC6 375,000.00 UNITED STATES TREASURY 4.625 10/15/2026 375,000.00 375,000.00 10/15/2026 Coupon 92970QAE5 110,000.00 WFCIT 2024-2 A 4.29 10/15/2029 393.25 393.25 10/16/2026 Coupon 362955AD8 80,000.00 GMCAR 2025-1 A3 4.62 12/17/2029 281.17 281.17 10/16/2026 Principal Paydown 362955AD8 80,000.00 GMCAR 2025-1 A3 4.62 12/17/2029 4,153.98 4,153.98 10/16/2026 Coupon 38014AAD3 60,000.00 GMCAR 2024-4 A3 4.4 08/16/2029 174.98 174.98 10/16/2026 Principal Paydown 38014AAD3 60,000.00 GMCAR 2024-4 A3 4.4 08/16/2029 3,075.42 3,075.42 10/16/2026 Coupon 459058LN1 350,000.00 INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPM 3.875 10/16/2029 6,781.25 6,781.25
10/19/2026 Coupon 61748UAK8 155,000.00 MORGAN STANLEY 4.133 10/18/2029 3,203.08 3,203.08 10/20/2026 Coupon 362962AD4 95,000.00 GMALT 2025-2 A3 4.58 05/22/2028 362.58 362.58 10/20/2026 Principal Paydown 362962AD4 95,000.00 GMALT 2025-2 A3 4.58 05/22/2028 10,495.42 10,495.42 10/20/2026 Coupon 379965AD8 90,000.00 GMALT 2025-3 A3 4.17 08/21/2028 312.75 312.75 10/21/2026 Coupon 38141GD27 105,000.00 GOLDMAN SACHS GROUP INC 4.153 10/21/2029 2,180.33 2,180.33
10/22/2026 Coupon 857477CP6 175,000.00 STATE STREET CORP 4.33 10/22/2027 3,788.75 3,788.75 10/26/2026 Coupon 06051GLG2 150,000.00 BANK OF AMERICA CORP 5.202 04/25/2029 3,901.50 3,901.50 10/26/2026 Coupon 096919AD7 293,158.25 BMWOT 2024-A A3 5.18 02/26/2029 948.72 948.72 10/26/2026 Principal Paydown 096919AD7 293,158.25 BMWOT 2024-A A3 5.18 02/26/2029 16,419.54 16,419.54 10/26/2026 Coupon 3137F62M8 250,000.00 FHMS K-118 A2 1.493 09/25/2030 311.04 311.04 10/26/2026 Coupon 3137F83Q4 250,000.00 FHMS K-121 A2 1.547 10/25/2030 322.29 322.29 10/26/2026 Coupon 3137FJEH8 250,000.00 FHMS K-081 A2 3.9 08/25/2028 812.50 812.50 10/26/2026 Coupon 3137FJKE8 250,000.00 FHMS K-082 A2 3.92 09/25/2028 816.67 816.67 10/26/2026 Coupon 3137FKSH0 150,000.00 FHMS K-086 A2 3.859 11/25/2028 482.38 482.38 10/26/2026 Coupon 3137FLN91 300,000.00 FHMS K-091 A2 3.505 03/25/2029 876.25 876.25 10/26/2026 Coupon 3137FMCR1 147,186.10 FHMS K-093 A2 2.982 05/25/2029 363.60 363.60 10/26/2026 Principal Paydown 3137FMCR1 147,186.10 FHMS K-093 A2 2.982 05/25/2029 182.59 182.59 10/26/2026 Coupon 3137FNAE0 250,000.00 FHMS K-095 A2 2.785 06/25/2029 580.21 580.21 10/26/2026 Coupon 3137FPHK4 300,000.00 FHMS K-098 A2 2.425 08/25/2029 606.25 606.25 10/26/2026 Coupon 3137FRUJ8 275,000.00 FHMS K-105 A2 1.872 01/25/2030 429.00 429.00 10/28/2026 Coupon 931142FN8 185,000.00 WALMART INC 4.35 04/28/2030 4,023.75 4,023.75 October 2026 Total 434,928.41 44,578.09 479,506.50
NOVEMBER 2026
Item 7.3
Tuesday, June 02, 2026 48 of 280
CONFIDENTIAL | 38
City of Campbell | Account #11214 | As of April 30, 2026 Execution Time: 05/05/2026 10:15:52 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 11/02/2026 Coupon 91282CJF9 375,000.00 UNITED STATES TREASURY 4.875 10/31/2028 9,140.63 9,140.63 11/02/2026 Coupon 91282CKP5 375,000.00 UNITED STATES TREASURY 4.625 04/30/2029 8,671.88 8,671.88 11/02/2026 Coupon 91282CLR0 400,000.00 UNITED STATES TREASURY 4.125 10/31/2029 8,250.00 8,250.00 11/02/2026 Coupon 91282CMZ1 500,000.00 UNITED STATES TREASURY 3.875 04/30/2030 9,687.50 9,687.50 11/09/2026 Coupon 69371RT71 230,000.00 PACCAR FINANCIAL CORP 4.55 05/08/2030 5,232.50 5,232.50 11/16/2026 Coupon 02582JKP4 170,000.00 AMXCA 2025-2 A 4.28 04/15/2030 606.33 606.33 11/16/2026 Coupon 02589BAE0 200,000.00 AMXCA 2024-3 A 4.65 07/15/2027 775.00 775.00 11/16/2026 Coupon 14913UAU4 250,000.00 CATERPILLAR FINANCIAL SERVICES CORP 4.7 11/15/2029 5,875.00 5,875.00
11/16/2026 Coupon 30303MAB8 250,000.00 META PLATFORMS INC 4.2 11/15/2030 5,250.00 5,250.00 11/16/2026 Coupon 34535VAD6 120,000.00 FORDO 2024-D A3 4.61 08/15/2029 415.96 415.96 11/16/2026 Principal Paydown 34535VAD6 120,000.00 FORDO 2024-D A3 4.61 08/15/2029 6,501.38 6,501.38 11/16/2026 Coupon 362955AD8 80,000.00 GMCAR 2025-1 A3 4.62 12/17/2029 265.18 265.18 11/16/2026 Principal Paydown 362955AD8 80,000.00 GMCAR 2025-1 A3 4.62 12/17/2029 4,076.34 4,076.34 11/16/2026 Coupon 38014AAD3 60,000.00 GMCAR 2024-4 A3 4.4 08/16/2029 163.71 163.71 11/16/2026 Principal Paydown 38014AAD3 60,000.00 GMCAR 2024-4 A3 4.4 08/16/2029 3,017.72 3,017.72 11/16/2026 Coupon 44935XAD7 80,000.00 HART 2025-B A3 4.36 12/17/2029 290.67 290.67 11/16/2026 Coupon 47800DAD6 100,000.00 JDOT 2025 A3 4.23 09/17/2029 352.50 352.50 11/16/2026 Coupon 47800RAD5 152,763.66 JDOT 2024 A3 4.96 11/15/2028 401.30 401.30 11/16/2026 Principal Paydown 47800RAD5 152,763.66 JDOT 2024 A3 4.96 11/15/2028 11,670.32 11,670.32 11/16/2026 Coupon 58770YAD3 60,000.00 MBALT 2026-A A3 3.93 01/15/2030 196.50 196.50 11/16/2026 Coupon 58773DAD6 115,000.00 MBART 2025-1 A3 4.78 12/17/2029 411.67 411.67 11/16/2026 Principal Paydown 58773DAD6 115,000.00 MBART 2025-1 A3 4.78 12/17/2029 5,374.24 5,374.24 11/16/2026 Coupon 89231HAD8 65,000.00 TAOT 2025-B A3 4.34 11/15/2029 235.08 235.08 11/16/2026 Coupon 89239TAD4 60,000.00 TAOT 2024-D A3 4.4 06/15/2029 167.44 167.44 11/16/2026 Principal Paydown 89239TAD4 60,000.00 TAOT 2024-D A3 4.4 06/15/2029 2,926.39 2,926.39 11/16/2026 Coupon 92970QAE5 110,000.00 WFCIT 2024-2 A 4.29 10/15/2029 393.25 393.25 11/20/2026 Coupon 362962AD4 95,000.00 GMALT 2025-2 A3 4.58 05/22/2028 322.53 322.53 11/20/2026 Principal Paydown 362962AD4 95,000.00 GMALT 2025-2 A3 4.58 05/22/2028 10,244.76 10,244.76 11/20/2026 Coupon 379965AD8 90,000.00 GMALT 2025-3 A3 4.17 08/21/2028 312.75 312.75 11/25/2026 Coupon 096919AD7 293,158.25 BMWOT 2024-A A3 5.18 02/26/2029 877.84 877.84 11/25/2026 Principal Paydown 096919AD7 293,158.25 BMWOT 2024-A A3 5.18 02/26/2029 16,102.64 16,102.64 Item 7.3
Tuesday, June 02, 2026 49 of 280
CONFIDENTIAL | 39
City of Campbell | Account #11214 | As of April 30, 2026 Execution Time: 05/05/2026 10:15:52 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 11/25/2026 Coupon 3137F62M8 250,000.00 FHMS K-118 A2 1.493 09/25/2030 311.04 311.04 11/25/2026 Coupon 3137F83Q4 250,000.00 FHMS K-121 A2 1.547 10/25/2030 322.29 322.29 11/25/2026 Coupon 3137FJEH8 250,000.00 FHMS K-081 A2 3.9 08/25/2028 812.50 812.50 11/25/2026 Coupon 3137FJKE8 250,000.00 FHMS K-082 A2 3.92 09/25/2028 816.67 816.67 11/25/2026 Coupon 3137FKSH0 150,000.00 FHMS K-086 A2 3.859 11/25/2028 482.38 482.38 11/25/2026 Coupon 3137FLN91 300,000.00 FHMS K-091 A2 3.505 03/25/2029 876.25 876.25 11/25/2026 Coupon 3137FMCR1 147,186.10 FHMS K-093 A2 2.982 05/25/2029 363.15 363.15 11/25/2026 Principal Paydown 3137FMCR1 147,186.10 FHMS K-093 A2 2.982 05/25/2029 169.55 169.55 11/25/2026 Coupon 3137FNAE0 250,000.00 FHMS K-095 A2 2.785 06/25/2029 580.21 580.21 11/25/2026 Coupon 3137FPHK4 300,000.00 FHMS K-098 A2 2.425 08/25/2029 606.25 606.25 11/25/2026 Coupon 3137FRUJ8 275,000.00 FHMS K-105 A2 1.872 01/25/2030 429.00 429.00 11/30/2026 Coupon 91282CMA6 400,000.00 UNITED STATES TREASURY 4.125 11/30/2029 8,250.00 8,250.00 11/30/2026 Coupon 91282CNG2 350,000.00 UNITED STATES TREASURY 4.0 05/31/2030 7,000.00 7,000.00 11/30/2026 Coupon 91282CPN5 150,000.00 UNITED STATES TREASURY 3.5 11/30/2030 2,625.00 2,625.00 November 2026
Total 60,083.34 81,769.93 141,853.27
DECEMBER 2026
12/11/2026 Coupon 24422EXT1 225,000.00 JOHN DEERE CAPITAL CORP 4.85 06/11/2029 5,456.25 5,456.25 12/14/2026 Coupon 06406RBG1 225,000.00 BANK OF NEW YORK MELLON CORP 3.992 06/13/2028 4,491.00 4,491.00
12/15/2026 Coupon 02582JKP4 170,000.00 AMXCA 2025-2 A 4.28 04/15/2030 606.33 606.33 12/15/2026 Coupon 02589BAE0 200,000.00 AMXCA 2024-3 A 4.65 07/15/2027 775.00 775.00 12/15/2026 Coupon 34535VAD6 120,000.00 FORDO 2024-D A3 4.61 08/15/2029 390.99 390.99 12/15/2026 Principal Paydown 34535VAD6 120,000.00 FORDO 2024-D A3 4.61 08/15/2029 6,117.21 6,117.21 12/15/2026 Coupon 44935XAD7 80,000.00 HART 2025-B A3 4.36 12/17/2029 290.67 290.67 12/15/2026 Coupon 47800DAD6 100,000.00 JDOT 2025 A3 4.23 09/17/2029 352.50 352.50 12/15/2026 Coupon 47800RAD5 152,763.66 JDOT 2024 A3 4.96 11/15/2028 353.06 353.06 12/15/2026 Principal Paydown 47800RAD5 152,763.66 JDOT 2024 A3 4.96 11/15/2028 7,905.90 7,905.90 12/15/2026 Coupon 58770YAD3 60,000.00 MBALT 2026-A A3 3.93 01/15/2030 196.50 196.50 12/15/2026 Coupon 58773DAD6 115,000.00 MBART 2025-1 A3 4.78 12/17/2029 390.27 390.27 12/15/2026 Principal Paydown 58773DAD6 115,000.00 MBART 2025-1 A3 4.78 12/17/2029 5,085.10 5,085.10 12/15/2026 Coupon 89231HAD8 65,000.00 TAOT 2025-B A3 4.34 11/15/2029 235.08 235.08 Item 7.3
Tuesday, June 02, 2026 50 of 280
CONFIDENTIAL | 40
City of Campbell | Account #11214 | As of April 30, 2026 Execution Time: 05/05/2026 10:15:52 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 12/15/2026 Coupon 89239TAD4 60,000.00 TAOT 2024-D A3 4.4 06/15/2029 156.71 156.71 12/15/2026 Principal Paydown 89239TAD4 60,000.00 TAOT 2024-D A3 4.4 06/15/2029 2,781.78 2,781.78 12/15/2026 Coupon 91282CPP0 250,000.00 UNITED STATES TREASURY 3.5 12/15/2028 4,375.00 4,375.00 12/15/2026 Coupon 92970QAE5 110,000.00 WFCIT 2024-2 A 4.29 10/15/2029 393.25 393.25 12/16/2026 Coupon 362955AD8 80,000.00 GMCAR 2025-1 A3 4.62 12/17/2029 249.48 249.48 12/16/2026 Principal Paydown 362955AD8 80,000.00 GMCAR 2025-1 A3 4.62 12/17/2029 3,862.89 3,862.89 12/16/2026 Coupon 38014AAD3 60,000.00 GMCAR 2024-4 A3 4.4 08/16/2029 152.64 152.64 12/16/2026 Principal Paydown 38014AAD3 60,000.00 GMCAR 2024-4 A3 4.4 08/16/2029 2,861.53 2,861.53 12/21/2026 Coupon 362962AD4 95,000.00 GMALT 2025-2 A3 4.58 05/22/2028 283.43 283.43 12/21/2026 Principal Paydown 362962AD4 95,000.00 GMALT 2025-2 A3 4.58 05/22/2028 13,033.34 13,033.34 12/21/2026 Coupon 379965AD8 90,000.00 GMALT 2025-3 A3 4.17 08/21/2028 312.75 312.75 12/25/2026 Coupon 096919AD7 293,158.25 BMWOT 2024-A A3 5.18 02/26/2029 808.33 808.33 12/25/2026 Principal Paydown 096919AD7 293,158.25 BMWOT 2024-A A3 5.18 02/26/2029 15,367.26 15,367.26 12/25/2026 Coupon 3137F62M8 250,000.00 FHMS K-118 A2 1.493 09/25/2030 311.04 311.04 12/25/2026 Coupon 3137F83Q4 250,000.00 FHMS K-121 A2 1.547 10/25/2030 322.29 322.29 12/25/2026 Coupon 3137FJEH8 250,000.00 FHMS K-081 A2 3.9 08/25/2028 812.50 812.50 12/25/2026 Coupon 3137FJKE8 250,000.00 FHMS K-082 A2 3.92 09/25/2028 816.67 816.67 12/25/2026 Coupon 3137FKSH0 150,000.00 FHMS K-086 A2 3.859 11/25/2028 482.38 482.38 12/25/2026 Coupon 3137FLN91 300,000.00 FHMS K-091 A2 3.505 03/25/2029 876.25 876.25 12/25/2026 Coupon 3137FMCR1 147,186.10 FHMS K-093 A2 2.982 05/25/2029 362.73 362.73 12/25/2026 Principal Paydown 3137FMCR1 147,186.10 FHMS K-093 A2 2.982 05/25/2029 183.20 183.20 12/25/2026 Coupon 3137FNAE0 250,000.00 FHMS K-095 A2 2.785 06/25/2029 580.21 580.21 12/25/2026 Coupon 3137FPHK4 300,000.00 FHMS K-098 A2 2.425 08/25/2029 606.25 606.25 12/25/2026 Coupon 3137FRUJ8 275,000.00 FHMS K-105 A2 1.872 01/25/2030 429.00 429.00 12/31/2026 Coupon 91282CEV9 350,000.00 UNITED STATES TREASURY 3.25 06/30/2029 5,687.50 5,687.50 12/31/2026 Coupon 91282CHK0 350,000.00 UNITED STATES TREASURY 4.0 06/30/2028 7,000.00 7,000.00 12/31/2026 Coupon 91282CMD0 400,000.00 UNITED STATES TREASURY 4.375 12/31/2029 8,750.00 8,750.00 12/31/2026 Coupon 91282CNK3 325,000.00 UNITED STATES TREASURY 3.875 06/30/2030 6,296.88 6,296.88 12/31/2026 Coupon 91282CPR6 350,000.00 UNITED STATES TREASURY 3.625 12/31/2030 6,343.75 6,343.75 December 2026
Total 57,198.20 59,946.67 117,144.87
JANUARY 2027
Item 7.3
Tuesday, June 02, 2026 51 of 280
CONFIDENTIAL | 41
City of Campbell | Account #11214 | As of April 30, 2026 Execution Time: 05/05/2026 10:15:52 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 01/11/2027 Coupon 89236TNA9 170,000.00 TOYOTA MOTOR CREDIT CORP 4.95 01/09/2030 4,207.50 4,207.50 01/15/2027 Coupon 02582JKP4 170,000.00 AMXCA 2025-2 A 4.28 04/15/2030 606.33 606.33 01/15/2027 Coupon 02589BAE0 200,000.00 AMXCA 2024-3 A 4.65 07/15/2027 775.00 775.00 01/15/2027 Coupon 34535VAD6 120,000.00 FORDO 2024-D A3 4.61 08/15/2029 367.49 367.49 01/15/2027 Principal Paydown 34535VAD6 120,000.00 FORDO 2024-D A3 4.61 08/15/2029 6,013.55 6,013.55 01/15/2027 Coupon 44935XAD7 80,000.00 HART 2025-B A3 4.36 12/17/2029 290.67 290.67 01/15/2027 Coupon 47800DAD6 100,000.00 JDOT 2025 A3 4.23 09/17/2029 352.50 352.50 01/15/2027 Principal Paydown 47800DAD6 100,000.00 JDOT 2025 A3 4.23 09/17/2029 837.88 837.88 01/15/2027 Coupon 47800RAD5 152,763.66 JDOT 2024 A3 4.96 11/15/2028 320.38 320.38 01/15/2027 Principal Paydown 47800RAD5 152,763.66 JDOT 2024 A3 4.96 11/15/2028 11,479.59 11,479.59 01/15/2027 Coupon 58770YAD3 60,000.00 MBALT 2026-A A3 3.93 01/15/2030 196.50 196.50 01/15/2027 Coupon 58773DAD6 115,000.00 MBART 2025-1 A3 4.78 12/17/2029 370.01 370.01 01/15/2027 Principal Paydown 58773DAD6 115,000.00 MBART 2025-1 A3 4.78 12/17/2029 5,008.30 5,008.30 01/15/2027 Coupon 74340XCQ2 250,000.00 PROLOGIS LP 4.75 01/15/2031 5,937.50 5,937.50 01/15/2027 Coupon 89231HAD8 65,000.00 TAOT 2025-B A3 4.34 11/15/2029 235.08 235.08 01/15/2027 Coupon 89239TAD4 60,000.00 TAOT 2024-D A3 4.4 06/15/2029 146.51 146.51 01/15/2027 Principal Paydown 89239TAD4 60,000.00 TAOT 2024-D A3 4.4 06/15/2029 2,735.68 2,735.68 01/15/2027 Coupon 91282CKZ3 375,000.00 UNITED STATES TREASURY 4.375 07/15/2027 8,203.13 8,203.13 01/15/2027 Coupon 92970QAE5 110,000.00 WFCIT 2024-2 A 4.29 10/15/2029 393.25 393.25 01/18/2027 Coupon 362955AD8 80,000.00 GMCAR 2025-1 A3 4.62 12/17/2029 234.61 234.61 01/18/2027 Principal Paydown 362955AD8 80,000.00 GMCAR 2025-1 A3 4.62 12/17/2029 3,800.56 3,800.56 01/18/2027 Coupon 38014AAD3 60,000.00 GMCAR 2024-4 A3 4.4 08/16/2029 142.15 142.15 01/18/2027 Principal Paydown 38014AAD3 60,000.00 GMCAR 2024-4 A3 4.4 08/16/2029 2,815.13 2,815.13 01/20/2027 Coupon 025816EJ4 170,000.00 AMERICAN EXPRESS CO 4.351 07/20/2029 3,698.35 3,698.35 01/20/2027 Coupon 362962AD4 95,000.00 GMALT 2025-2 A3 4.58 05/22/2028 233.68 233.68 01/20/2027 Principal Paydown 362962AD4 95,000.00 GMALT 2025-2 A3 4.58 05/22/2028 13,353.49 13,353.49 01/20/2027 Coupon 379965AD8 90,000.00 GMALT 2025-3 A3 4.17 08/21/2028 312.75 312.75 01/20/2027 Principal Paydown 379965AD8 90,000.00 GMALT 2025-3 A3 4.17 08/21/2028 9,452.05 9,452.05 01/25/2027 Coupon 06051GMK2 150,000.00 BANK OF AMERICA CORP 4.979 01/24/2029 3,734.25 3,734.25 01/25/2027 Coupon 096919AD7 293,158.25 BMWOT 2024-A A3 5.18 02/26/2029 741.99 741.99 01/25/2027 Principal Paydown 096919AD7 293,158.25 BMWOT 2024-A A3 5.18 02/26/2029 15,112.56 15,112.56 01/25/2027 Coupon 3137F62M8 250,000.00 FHMS K-118 A2 1.493 09/25/2030 311.04 311.04 Item 7.3
Tuesday, June 02, 2026 52 of 280
CONFIDENTIAL | 42
City of Campbell | Account #11214 | As of April 30, 2026 Execution Time: 05/05/2026 10:15:52 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 01/25/2027 Coupon 3137F83Q4 250,000.00 FHMS K-121 A2 1.547 10/25/2030 322.29 322.29 01/25/2027 Coupon 3137FJEH8 250,000.00 FHMS K-081 A2 3.9 08/25/2028 812.50 812.50 01/25/2027 Coupon 3137FJKE8 250,000.00 FHMS K-082 A2 3.92 09/25/2028 816.67 816.67 01/25/2027 Coupon 3137FKSH0 150,000.00 FHMS K-086 A2 3.859 11/25/2028 482.38 482.38 01/25/2027 Coupon 3137FLN91 300,000.00 FHMS K-091 A2 3.505 03/25/2029 876.25 876.25 01/25/2027 Coupon 3137FMCR1 147,186.10 FHMS K-093 A2 2.982 05/25/2029 362.27 362.27 01/25/2027 Principal Paydown 3137FMCR1 147,186.10 FHMS K-093 A2 2.982 05/25/2029 170.25 170.25 01/25/2027 Coupon 3137FNAE0 250,000.00 FHMS K-095 A2 2.785 06/25/2029 580.21 580.21 01/25/2027 Coupon 3137FPHK4 300,000.00 FHMS K-098 A2 2.425 08/25/2029 606.25 606.25 01/25/2027 Coupon 3137FRUJ8 275,000.00 FHMS K-105 A2 1.872 01/25/2030 429.00 429.00 01/25/2027 Coupon 46647PDG8 150,000.00 JPMORGAN CHASE & CO 4.851 07/25/2028 3,638.25 3,638.25 01/25/2027 Coupon 46647PEU6 115,000.00 JPMORGAN CHASE & CO 4.915 01/24/2029 2,826.13 2,826.13 01/27/2027 Coupon 06368MJG0 100,000.00 BANK OF MONTREAL 5.004 01/27/2029 2,502.00 2,502.00 January 2027 Total 70,779.04 46,064.86 116,843.90
FEBRUARY 2027
02/01/2027 Coupon 13063EGT7 205,000.00 CALIFORNIA STATE 4.5 08/01/2029 4,612.50 4,612.50 02/01/2027 Coupon 756109CW2 250,000.00 REALTY INCOME CORP 3.95 02/01/2029 4,937.50 4,937.50 02/01/2027 Coupon 89115A3E0 225,000.00 TORONTO-DOMINION BANK 4.861 01/31/2028 5,468.63 5,468.63 02/01/2027 Coupon 91159HJK7 200,000.00 US BANCORP 4.653 02/01/2029 4,653.00 4,653.00 02/01/2027 Coupon 91282CLC3 350,000.00 UNITED STATES TREASURY 4.0 07/31/2029 7,000.00 7,000.00 02/01/2027 Coupon 91282CNN7 225,000.00 UNITED STATES TREASURY 3.875 07/31/2030 4,359.38 4,359.38 02/08/2027 Coupon 63743HFX5 250,000.00 NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORP 4.95 02/07/2030 6,187.50 6,187.50
02/09/2027 Coupon 89236TMK8 225,000.00 TOYOTA MOTOR CREDIT CORP 4.55 08/09/2029 5,118.75 5,118.75 02/12/2027 Coupon 92826CAZ5 140,000.00 VISA INC 4.1 02/12/2031 2,870.00 2,870.00 02/15/2027 Coupon 34535VAD6 120,000.00 FORDO 2024-D A3 4.61 08/15/2029 344.38 344.38 02/15/2027 Principal Paydown 34535VAD6 120,000.00 FORDO 2024-D A3 4.61 08/15/2029 5,953.09 5,953.09 02/15/2027 Coupon 44935XAD7 80,000.00 HART 2025-B A3 4.36 12/17/2029 290.67 290.67 02/15/2027 Coupon 47800DAD6 100,000.00 JDOT 2025 A3 4.23 09/17/2029 349.55 349.55 02/15/2027 Principal Paydown 47800DAD6 100,000.00 JDOT 2025 A3 4.23 09/17/2029 6,821.49 6,821.49 02/15/2027 Coupon 47800RAD5 152,763.66 JDOT 2024 A3 4.96 11/15/2028 272.93 272.93 02/15/2027 Principal Paydown 47800RAD5 152,763.66 JDOT 2024 A3 4.96 11/15/2028 7,720.85 7,720.85 Item 7.3
Tuesday, June 02, 2026 53 of 280
CONFIDENTIAL | 43
City of Campbell | Account #11214 | As of April 30, 2026 Execution Time: 05/05/2026 10:15:52 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 02/15/2027 Coupon 58770YAD3 60,000.00 MBALT 2026-A A3 3.93 01/15/2030 196.50 196.50 02/15/2027 Coupon 58773DAD6 115,000.00 MBART 2025-1 A3 4.78 12/17/2029 350.06 350.06 02/15/2027 Principal Paydown 58773DAD6 115,000.00 MBART 2025-1 A3 4.78 12/17/2029 4,967.91 4,967.91 02/15/2027 Coupon 89231HAD8 65,000.00 TAOT 2025-B A3 4.34 11/15/2029 235.08 235.08 02/15/2027 Principal Paydown 89231HAD8 65,000.00 TAOT 2025-B A3 4.34 11/15/2029 1,989.51 1,989.51 02/15/2027 Coupon 89239TAD4 60,000.00 TAOT 2024-D A3 4.4 06/15/2029 136.48 136.48 02/15/2027 Principal Paydown 89239TAD4 60,000.00 TAOT 2024-D A3 4.4 06/15/2029 2,706.06 2,706.06 02/16/2027 Coupon 02079KBK2 200,000.00 ALPHABET INC 4.1 02/15/2031 4,100.00 4,100.00 02/16/2027 Coupon 02582JKP4 170,000.00 AMXCA 2025-2 A 4.28 04/15/2030 606.33 606.33 02/16/2027 Coupon 02589BAE0 200,000.00 AMXCA 2024-3 A 4.65 07/15/2027 775.00 775.00 02/16/2027 Coupon 26442CAY0 250,000.00 DUKE ENERGY CAROLINAS LLC 2.45 08/15/2029 3,062.50 3,062.50
02/16/2027 Coupon 362955AD8 80,000.00 GMCAR 2025-1 A3 4.62 12/17/2029 219.98 219.98 02/16/2027 Principal Paydown 362955AD8 80,000.00 GMCAR 2025-1 A3 4.62 12/17/2029 3,576.31 3,576.31 02/16/2027 Coupon 38014AAD3 60,000.00 GMCAR 2024-4 A3 4.4 08/16/2029 131.83 131.83 02/16/2027 Principal Paydown 38014AAD3 60,000.00 GMCAR 2024-4 A3 4.4 08/16/2029 2,787.34 2,787.34 02/16/2027 Coupon 532457CQ9 235,000.00 ELI LILLY AND CO 4.2 08/14/2029 4,935.00 4,935.00 02/16/2027 Coupon 91282CNU1 250,000.00 UNITED STATES TREASURY 3.625 08/15/2028 4,531.25 4,531.25 02/16/2027 Coupon 92970QAE5 110,000.00 WFCIT 2024-2 A 4.29 10/15/2029 393.25 393.25 02/22/2027 Coupon 362962AD4 95,000.00 GMALT 2025-2 A3 4.58 05/22/2028 182.72 182.72 02/22/2027 Principal Paydown 362962AD4 95,000.00 GMALT 2025-2 A3 4.58 05/22/2028 10,808.08 10,808.08 02/22/2027 Coupon 379965AD8 90,000.00 GMALT 2025-3 A3 4.17 08/21/2028 279.90 279.90 02/22/2027 Principal Paydown 379965AD8 90,000.00 GMALT 2025-3 A3 4.17 08/21/2028 9,561.97 9,561.97 02/24/2027 Coupon 17275RBW1 250,000.00 CISCO SYSTEMS INC 4.55 02/24/2028 5,687.50 5,687.50 02/25/2027 Coupon 096919AD7 293,158.25 BMWOT 2024-A A3 5.18 02/26/2029 676.76 676.76 02/25/2027 Principal Paydown 096919AD7 293,158.25 BMWOT 2024-A A3 5.18 02/26/2029 14,935.68 14,935.68 02/25/2027 Coupon 3137F62M8 250,000.00 FHMS K-118 A2 1.493 09/25/2030 311.04 311.04 02/25/2027 Coupon 3137F83Q4 250,000.00 FHMS K-121 A2 1.547 10/25/2030 322.29 322.29 02/25/2027 Coupon 3137FJEH8 250,000.00 FHMS K-081 A2 3.9 08/25/2028 812.50 812.50 02/25/2027 Coupon 3137FJKE8 250,000.00 FHMS K-082 A2 3.92 09/25/2028 816.67 816.67 02/25/2027 Coupon 3137FKSH0 150,000.00 FHMS K-086 A2 3.859 11/25/2028 482.38 482.38 02/25/2027 Coupon 3137FLN91 300,000.00 FHMS K-091 A2 3.505 03/25/2029 876.25 876.25 Item 7.3
Tuesday, June 02, 2026 54 of 280
CONFIDENTIAL | 44
City of Campbell | Account #11214 | As of April 30, 2026 Execution Time: 05/05/2026 10:15:52 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 02/25/2027 Coupon 3137FMCR1 147,186.10 FHMS K-093 A2 2.982 05/25/2029 361.85 361.85 02/25/2027 Principal Paydown 3137FMCR1 147,186.10 FHMS K-093 A2 2.982 05/25/2029 170.58 170.58 02/25/2027 Coupon 3137FNAE0 250,000.00 FHMS K-095 A2 2.785 06/25/2029 580.21 580.21 02/25/2027 Coupon 3137FPHK4 300,000.00 FHMS K-098 A2 2.425 08/25/2029 606.25 606.25 02/25/2027 Coupon 3137FRUJ8 275,000.00 FHMS K-105 A2 1.872 01/25/2030 429.00 429.00 February 2027
Total 71,998.85 78,563.35 150,562.20
MARCH 2027
03/01/2027 Coupon 91282CGP0 375,000.00 UNITED STATES TREASURY 4.0 02/29/2028 7,500.00 7,500.00 03/01/2027 Coupon 91282CKD2 375,000.00 UNITED STATES TREASURY 4.25 02/28/2029 7,968.75 7,968.75 03/01/2027 Coupon 91282CLK5 400,000.00 UNITED STATES TREASURY 3.625 08/31/2029 7,250.00 7,250.00 03/01/2027 Coupon 91282CNX5 500,000.00 UNITED STATES TREASURY 3.625 08/31/2030 9,062.50 9,062.50 03/09/2027 Coupon 3130B7QM9 500,000.00 FEDERAL HOME LOAN BANKS 3.5 09/09/2027 8,750.00 8,750.00 03/15/2027 Coupon 00287YDY2 125,000.00 ABBVIE INC 4.65 03/15/2028 2,906.25 2,906.25 03/15/2027 Coupon 02582JKP4 170,000.00 AMXCA 2025-2 A 4.28 04/15/2030 606.33 606.33 03/15/2027 Coupon 02589BAE0 200,000.00 AMXCA 2024-3 A 4.65 07/15/2027 775.00 775.00 03/15/2027 Coupon 34535VAD6 120,000.00 FORDO 2024-D A3 4.61 08/15/2029 321.52 321.52 03/15/2027 Principal Paydown 34535VAD6 120,000.00 FORDO 2024-D A3 4.61 08/15/2029 5,775.32 5,775.32 03/15/2027 Coupon 44935XAD7 80,000.00 HART 2025-B A3 4.36 12/17/2029 290.67 290.67 03/15/2027 Principal Paydown 44935XAD7 80,000.00 HART 2025-B A3 4.36 12/17/2029 1,933.56 1,933.56 03/15/2027 Coupon 47800DAD6 100,000.00 JDOT 2025 A3 4.23 09/17/2029 325.50 325.50 03/15/2027 Principal Paydown 47800DAD6 100,000.00 JDOT 2025 A3 4.23 09/17/2029 4,965.13 4,965.13 03/15/2027 Coupon 47800RAD5 152,763.66 JDOT 2024 A3 4.96 11/15/2028 241.02 241.02 03/15/2027 Principal Paydown 47800RAD5 152,763.66 JDOT 2024 A3 4.96 11/15/2028 5,027.65 5,027.65 03/15/2027 Coupon 571748CA8 250,000.00 MARSH & MCLENNAN COMPANIES INC 4.65 03/15/2030 5,812.50 5,812.50
03/15/2027 Coupon 58770YAD3 60,000.00 MBALT 2026-A A3 3.93 01/15/2030 196.50 196.50 03/15/2027 Coupon 58773DAD6 115,000.00 MBART 2025-1 A3 4.78 12/17/2029 330.27 330.27 03/15/2027 Principal Paydown 58773DAD6 115,000.00 MBART 2025-1 A3 4.78 12/17/2029 4,827.45 4,827.45 03/15/2027 Coupon 79466LAQ7 140,000.00 SALESFORCE INC 4.5 03/15/2028 3,150.00 3,150.00 03/15/2027 Coupon 89231HAD8 65,000.00 TAOT 2025-B A3 4.34 11/15/2029 227.89 227.89 03/15/2027 Principal Paydown 89231HAD8 65,000.00 TAOT 2025-B A3 4.34 11/15/2029 3,450.26 3,450.26 Item 7.3
Tuesday, June 02, 2026 55 of 280
CONFIDENTIAL | 45
City of Campbell | Account #11214 | As of April 30, 2026 Execution Time: 05/05/2026 10:15:52 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 03/15/2027 Coupon 89239TAD4 60,000.00 TAOT 2024-D A3 4.4 06/15/2029 126.56 126.56 03/15/2027 Principal Paydown 89239TAD4 60,000.00 TAOT 2024-D A3 4.4 06/15/2029 2,631.86 2,631.86 03/15/2027 Coupon 91282CKE0 350,000.00 UNITED STATES TREASURY 4.25 03/15/2027 7,437.50 7,437.50 03/15/2027 Final Maturity 91282CKE0 350,000.00 UNITED STATES TREASURY 4.25 03/15/2027 350,000.00 350,000.00 03/15/2027 Coupon 92970QAE5 110,000.00 WFCIT 2024-2 A 4.29 10/15/2029 393.25 393.25 03/16/2027 Coupon 362955AD8 80,000.00 GMCAR 2025-1 A3 4.62 12/17/2029 206.21 206.21 03/16/2027 Principal Paydown 362955AD8 80,000.00 GMCAR 2025-1 A3 4.62 12/17/2029 3,453.71 3,453.71 03/16/2027 Coupon 38014AAD3 60,000.00 GMCAR 2024-4 A3 4.4 08/16/2029 121.61 121.61 03/16/2027 Principal Paydown 38014AAD3 60,000.00 GMCAR 2024-4 A3 4.4 08/16/2029 2,708.45 2,708.45 03/22/2027 Coupon 362962AD4 95,000.00 GMALT 2025-2 A3 4.58 05/22/2028 141.46 141.46 03/22/2027 Principal Paydown 362962AD4 95,000.00 GMALT 2025-2 A3 4.58 05/22/2028 9,604.70 9,604.70 03/22/2027 Coupon 379965AD8 90,000.00 GMALT 2025-3 A3 4.17 08/21/2028 246.68 246.68 03/22/2027 Principal Paydown 379965AD8 90,000.00 GMALT 2025-3 A3 4.17 08/21/2028 12,397.30 12,397.30 03/22/2027 Coupon 459058LR2 125,000.00 INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPM 4.125 03/20/2030 2,578.13 2,578.13
03/25/2027 Coupon 096919AD7 293,158.25 BMWOT 2024-A A3 5.18 02/26/2029 612.29 612.29 03/25/2027 Principal Paydown 096919AD7 293,158.25 BMWOT 2024-A A3 5.18 02/26/2029 13,189.25 13,189.25 03/25/2027 Coupon 3137F62M8 250,000.00 FHMS K-118 A2 1.493 09/25/2030 311.04 311.04 03/25/2027 Coupon 3137F83Q4 250,000.00 FHMS K-121 A2 1.547 10/25/2030 322.29 322.29 03/25/2027 Coupon 3137FJEH8 250,000.00 FHMS K-081 A2 3.9 08/25/2028 812.50 812.50 03/25/2027 Coupon 3137FJKE8 250,000.00 FHMS K-082 A2 3.92 09/25/2028 816.67 816.67 03/25/2027 Coupon 3137FKSH0 150,000.00 FHMS K-086 A2 3.859 11/25/2028 482.38 482.38 03/25/2027 Coupon 3137FLN91 300,000.00 FHMS K-091 A2 3.505 03/25/2029 876.25 876.25 03/25/2027 Coupon 3137FMCR1 147,186.10 FHMS K-093 A2 2.982 05/25/2029 361.42 361.42 03/25/2027 Principal Paydown 3137FMCR1 147,186.10 FHMS K-093 A2 2.982 05/25/2029 210.47 210.47 03/25/2027 Coupon 3137FNAE0 250,000.00 FHMS K-095 A2 2.785 06/25/2029 580.21 580.21 03/25/2027 Coupon 3137FPHK4 300,000.00 FHMS K-098 A2 2.425 08/25/2029 606.25 606.25 03/25/2027 Coupon 3137FRUJ8 275,000.00 FHMS K-105 A2 1.872 01/25/2030 429.00 429.00 March 2027 Total 420,175.11 73,176.37 493,351.48
Grand Total 88,494,015.15 1,673,219.23 722,140.06 2,395,359.29 Item 7.3
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CONFIDENTIAL | 46
City of Campbell | Account #11214 | As of April 30, 2026 Execution Time: 05/05/2026 10:15:52 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

IMPORTANT DISCLOSURES
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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.

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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.

LGIP Yields: Reported yields for local government investment pools may be presented as either the 30-day yield or the monthly distribution yield, as applicable. For certain funds, the 30-day yield is calculated using reported daily yield data. Yield calculations are subject to change and may not be directly comparable across funds.

LAIF Yields: Additional Disclosure for CA Clients - As a result of a reporting lag from the Local Agency Investment Fund (LAIF), reported LAIF yields represent the most recently available Daily Effective Yield and may reflect data from approximately 7–10 days prior to month-end.

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.

Item 7.3
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City Council Report
DATE: June 2, 2026
TITLE: Monthly Treasurer’s Report (April 2026)
RECOMMENDED ACTION:

That the City Council review and accept the Monthly Treasurer’s Report for the month ended April 30, 2026.

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 April 30, 2026. As shown in Attachment 1, the City recognized $9.9 million in revenues and incurred $5.4 million in expenditures in total, for all City funds along with $1.2 million of negative prior period adjustments. The City’s overall ending fund balance for April 2026 is $65.7 million, an increase of $3.2 million from the March 2026 total of $62.5 million. Also in the General Fund, the City recognized $7.8 million in revenues and incurred $3.8 million in expenditures in total, along with $1.3 million of negative prior period adjustments. The General Fund’s overall ending fund balance for April 2026 is $27.2 million, an increase of $2.8 million from the March 2026 total for $24.4 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
Item 7.4
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Report Approval Details
Document Title: Report - Monthly Treasurer's Report April 2026.docx Attachments: 2026.04 Fund Balance Report.pdf
Final Approval Date: May 27, 2026
This document and all of its attachments were approved and signed as outlined below:

Will Fuentes, Finance Director
Andrea Sanders, City Clerk
Brian Loventhal, City Manager
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City of Campbell
Changes in Total Fund Balance
For the month ended April 30, 2026
Fund Balance
as of
03/31/2026
Prior Month
Adjustment
Current
Revenue
Current
Expenditure
Fund Balance
as of
04/30/2026
General Fund
Nonspendable Fund Balance
Prepaid $ 5,118.00 - - - $ 5,118.00
Leases 180,567.00 - - - 180,567.00
Restricted
Measure K 1,655,697.00 - - - 1,655,697.00
Committed Fund Balance
General Plan Update - - - - -
Compensated Absences 1,028,002.00 - - - 1,028,002.00
Liability insurance 144,800.00 - - - 144,800.00
Available Capital Improvement Reserve 237,583.00 - - - 237,583.00 Committed Capital Improvement Reserve 1,963,405.00 - - - 1,963,405.00 Community Center Facility 159,210.00 - - - 159,210.00
Heritage Theater 81,783.00 - - - 81,783.00
Historic Preservation 5,000.00 - - - 5,000.00
Assigned Fund Balance
Capital Projects (Construction Tax) 117,314.00 - - - 117,314.00 Unemployment insurance 90,000.00 - - - 90,000.00
PERS 1,000,000.00 - - - 1,000,000.00
OPEB 393,154.00 - - - 393,154.00
Encumbrances 1,278,920.00 - - - 1,278,920.00
Unassigned Fund Balance
Unassigned 3,006,420.25 (1,326,914.40) 7,837,562.23 (3,756,179.59) 5,760,888.49 City Council Reserve 362,624.00 - - - 362,624.00
Economic fluctuations 9,485,889.00 - - - 9,485,889.00
Emergency 3,207,454.00 - - - 3,207,454.00
General Fund Total 24,402,940.25 (1,326,914.40) 7,837,562.23 (3,756,179.59) 27,157,408.49 Special Revenue
Vehicle Impact 3,214,594.00 28,183.36 86,808.11 - 3,329,585.47 Gas Tax 3,033,385.95 (6,841.78) 183,483.33 (117,914.50) 3,092,113.00 Asset Forfeiture 172,372.76 1,544.26 8,722.95 - 182,639.97 Lighting & Landscape District 1,376,903.06 (61,906.14) 393,359.01 (322,031.97) 1,386,323.96 Housing & Community Development 329.54 - - - 329.54
Environmental Services 1,578,807.74 13,689.60 46,107.25 (1,742.52) 1,636,862.07 Supplemental Law Enforcement 54,513.20 (7,061.38) 25,000.07 (1,650.87) 70,801.02 State & Other Grants (488,019.99) (6,357.71) 31,098.03 (69,008.18) (532,287.85) TDA Grant 299,056.29 2,717.72 - - 301,774.01
Federal Grants 644,050.01 5,852.90 - - 649,902.91
Housing Assistance 9,012,252.00 5,997.09 - (22,721.09) 8,995,528.00 Community Restitution Fund 252,335.77 2,219.54 1,486.00 - 256,041.31 Community Facilities District #1 (29,279.97) 46.17 - (1,051.01) (30,284.81) Community Facilities District #2 162,204.45 1,711.44 - (281.76) 163,634.13 Parkland Dedication 8,371,763.54 75,680.97 110,914.00 - 8,558,358.51 Recreation - Private Grants 6,743.10 61.28 - - 6,804.38 Adult Center 18,679.68 169.75 - - 18,849.43
Special Revenue Fund Total 27,680,691.13 55,707.07 886,978.75 (536,401.90) 28,086,975.05 Debt Service
Measure O 788,446.21 - 33,280.76 - 821,726.97
LID #30 36,202.15 328.99 - - 36,531.14
2016 Refunding Lease Revenue Bond (88,639.65) - 40.23 (42,600.00) (131,199.42) Debt Service Fund Total 736,008.71 328.99 33,320.99 (42,600.00) 727,058.69 Internal Service Fund
Motor Vehicle Pool 937,922.92 180.27 91,755.67 (58,288.38) 971,570.48 Information Technology Pool (777,662.02) (28,749.10) 96,832.65 (217,167.14) (926,745.61) Worker's Compensation 1,629,031.52 46,638.15 48,968.12 (72,406.35) 1,652,231.44 Internal Service Fund Total 1,789,292.42 18,069.32 237,556.44 (347,861.87) 1,697,056.31 Trust/Agency
Successor Agency 4,265,703.23 6,481.82 643.83 (111,649.75) 4,161,179.13 West Valley Solid Waste JPA 1,168,312.19 10,346.35 83,993.83 (116,861.46) 1,145,790.91 SCC Specialized Enforcement Team - - - - -
Trust/Agency Fund Total 5,434,015.42 16,828.17 84,637.66 (228,511.21) 5,306,970.04 Capital Project
Capital Projects Fund (1,045,539.23) - - (89,277.54) (1,134,816.77) Measure O CIP Fund 3,492,739.01 (960.29) 780,867.74 (441,315.30) 3,831,331.16 Capital Project Fund Total 2,447,199.78 (960.29) 780,867.74 (530,592.84) 2,696,514.39 Total City $ 62,490,147.71 (1,236,941.14) $ 9,860,923.81 $ (5,442,147.41) $ 65,671,982.97 Fund Description
Item 7.4
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City Council Report
DATE: June 2, 2026
TITLE: Adoption of Ordinance 26-2348 renewing Ordinance 2280 to approve the Military Use Policy
RECOMMENDED ACTION:

That the City Council take second reading to adopt Ordinance 26-2348 as set forth in Ordinance 2280 – AB 481 Military Equipment.

BACKGROUND
On September 30, 2021, Governor Newsom signed into law Assembly Bill 481 (AB 481), which stated that the public has a right to know and participate in the decision-making processes related to the funding, acquisition, or use of “military equipment” by state or local government officials in an effort to increase transparency, accountability, and oversight.

AB 481 legislation required that local law enforcement departments wishing to continue their use of military equipment acquired prior to January 1, 2022, draft a Military Equipment Use Policy; seek approval of the policy by ordinance; and Make publicly available any proposed or final policy, for as long as the military equipment is available for use, on the department’s website.

The Military Equipment Policy set forth in Chapter 8.44 of the Campbell Municipal Code was originally adopted by Ordinance Number 2280 on May 3, 2022, and has been renewed annually by Ordinance since.

DISCUSSION
At its regular meeting of May 19, 2026, the City Council held a public hearing to consider adopting a resolution finding that each type of equipment identified in the 2025 Military Equipment Annual Report has complied with the standard set forth in Ordinance 2280; and introduced an ordinance for first reading renewing City of Campbell Ordinance 2280, per the requirements set forth in California Government Code § 7070, et seq.

At that meeting, the City Council voted unanimously by 4-0 vote (Councilmember Scozzola was absent) to adopt Resolution 26-13388 authorizing the continued use of military equipment after reviewing the 2025 Military Equipment Annual Report in compliance with Assembly Bill 481; and took first reading of Ordinance 26-2348 renewing Ordinance 2280 without modifications and changes.

Item 7.5
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Staff is returning today to take second reading of Ordinance 26-2348. If adopted, the full version of Ordinance 23-2348 will be published in the Metro Silicon Valley, a newspaper of general circulation for the City of Campbell, County of Santa Clara on June 10, 2026.

Ordinance 26-2348 will become effective 30 days following adoption.

FISCAL IMPACT
Nominal publication costs are associated with the second reading of Ordinance 26-2348 to meet requirements of Government Code Section 36933 but can be absorbed with the current FY 2026 Operating budget. Other fiscal impacts are included in the May 19, 2026, staff report introducing the item.

ALTERNATIVES

1. Do not adopt the ordinance and provide direction on use of specific military equipment.

2. Direct staff to modify the proposed ordinance to address specific concerns raised by the City Council and return with a revised ordinance for consideration.

PREPARED BY: Andrea Sanders, City Clerk
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Report Approval Details
Document Title: Report - Ordinance Adoption of AB 481 Military Equipment Report.docx
Attachments: Ordinance 26-2348 - Military Equipment Use.pdf Final Approval
Date:

May 27, 2026
This document and all of its attachments were approved and signed as outlined below:

Will Fuentes, Finance Director
Andrea Sanders, City Clerk
Brian Loventhal, City Manager
Item 7.5
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Item 7.5
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Item 7.5
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City Council Report
DATE: June 2, 2026
TITLE: Approval of Transportation Development Act (TDA) Article 3 Grant Application for Fiscal Year 2026/27 (Resolution/Roll Call Vote) RECOMMENDED ACTION:

That the City Council adopt a resolution authorizing the Public Works Director to submit a grant application to the Santa Clara Valley Transportation Authority (VTA) for $82,659 in Transportation Development Act (TDA) Article 3 Guarantee Funds for the Campbell Bicycle and Pedestrian Project Fiscal Year (FY) 26/27.

BACKGROUND
On an annual basis, the Metropolitan Transportation Commission (MTC) allocates Transportation Development Act (TDA) Article 3 funds to San Francisco Bay Area cities and counties for the purpose of funding pedestrian and bicycle facility projects. TDA funds are acquired from statewide retail and gasoline/diesel fuel sales taxes. “Article 3” refers to the portion of the Act involving pedestrian and bicycle projects. TDA “guarantee” funds are apportioned to each city or county based on population. The TDA Article 3 funds are guaranteed in that the grant process is noncompetitive. Past TDA-funded projects include the recent Pruneyard Creek Trail Project.

On June 3, 2025, the City Council adopted Resolution No. 13295 authorizing the Interim Public Works Director to submit a TDA Article 3 grant application to the Santa Clara Valley Transportation Authority (VTA) for the Campbell Bicycle and Pedestrian Project Fiscal Year (FY) 25/26.

DISCUSSION
Application for TDA Article 3 Guaranteed Funds for FY 2026/27 On May 21, 2026, the Campbell Bicycle and Pedestrian Advisory Committee (BPAC) reviewed and approved the Campbell Bicycle and Pedestrian Project Fiscal (FY) 26/27 to receive $82,659 in guaranteed FY 26/27 TDA funds. This project is very similar to the Campbell Bicycle and Pedestrian Project FY 25/26 except that the Pruneyard Creek Trail Project 23-LL (which was completed in 2025) is deleted. The FY 26/27 project would therefore include any of the following project concepts:

1. Shared Lane Markings. Shared pavement markings or arrows (also called "sharrows") are used to assist bicyclists with lateral positioning in a shared lane Item 7.6
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with on-street parallel parking in order to reduce the chance of a bicyclist impacting the open door of a parked vehicle. This concept would address gaps in bike lanes on arterials and streets that carry school bicycle traffic and would continue the work performed in previous fiscal years.

2. Americans with Disabilities (ADA) Traffic Signal Improvements. This concept would retrofit existing traffic signals to lower pedestrian pushbuttons (PPB) that are mounted too high, replace PPBs that are non-ADA-compliant, replace PPB signs that do not have the ADA symbol of a walking man, and install audible pedestrian signals where none currently exist but are requested.

3. Bike Lanes, Green Bike Lanes, and Bike Boxes. Bike lanes would be installed consistent with the City’s General Plan and/or the VTA’s Countywide Bicycle Plan.

Green bike lanes provide high visibility pavement markings at locations of high vehicular-bicycle conflicts. The City has green bike lanes on portions of Winchester Boulevard. Potential future sites such as portions of Hamilton Avenue are being considered.

Bike boxes are high-visibility green pavement markings that delineate a space on an intersection approach between the limit line for vehicles and the upstream crosswalk line. This green bike box space allows bicyclists to bypass a standing vehicular queue and position themselves safely ahead of any potential conflicts from right-turn traffic. Potential bike box locations include eastbound Hacienda Avenue at Winchester Boulevard and eastbound Campbell Avenue at Third Street. This concept would install green bike lanes and bike boxes at appropriate locations.

4. San Tomas Aquino Road Bike Lanes. This concept would install bike lanes between Latimer Avenue and Bucknall Road in conjunction with planned bike lanes in San Jose north of Latimer Avenue and south of Bucknall Road, respectively.

5. Bascom Avenue and Campbell Avenue Bike Lanes. This concept would convert the shoulders of Bascom Avenue between Hamilton Avenue and the south city limits near Apricot Avenue to bike lanes. Driveways on Bascom Avenue and Campbell Avenue adjacent to the Pruneyard Shopping Center would be candidate locations for green bike lane pavement markings. The TDA funds would supplement the $50,000 collected from the Pruneyard Shopping Center and Offices Expansion Project for the installation of green bike lanes and the conversion of bike route shoulders to bike lanes along the Pruneyard frontage along Bascom Avenue and Campbell Avenue.

6. Hamilton Avenue Resurfacing Project. This concept would install bike lanes or sharrows, and curb ramps along Hamilton Avenue as part of the Hamilton Avenue Resurfacing Project. This project is currently under construction.

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7. Campbell PDA Enhancements. This concept would install bike and pedestrian improvements along Civic Center Drive, Orchard City Drive, and Campbell Avenue in the Historic Downtown.

8. Hamilton Avenue/State Route 17 Southbound Off-ramp Widening Project. This concept would widen the southbound off-ramp to replace the existing shared through-left lane with an exclusive through lane and a third exclusive left-turn lane. Only bicycle- and pedestrian-related improvements (e.g., bike signs and markings along Hamilton Avenue) would be eligible for TDA grant funds.

9. Citywide Bicycle Parking Facilities. This concept would furnish and install bike parking to improve parking access for bicyclists. Examples include bike racks similar to the type installed throughout the Campbell Community Center and the Historic Downtown.

Staff would submit these project concepts as one project called the “Campbell Bicycle and Pedestrian Project FY26/27” to simplify bookkeeping of TDA funds and allow the City the flexibility to use the TDA funds for whichever project concept has the most pressing need for funding.

To obtain TDA Article 3 funding, the City must submit a Council resolution that addresses the following key points from MTC’s Resolution No. 4108.

1. There are no legal impediments regarding the project.

2. Jurisdictional or agency staffing resources are adequate to complete the project.

3. There is no pending or threatened litigation that might adversely affect the project or the ability of the project sponsor to carry out the project.

4. Environmental and right-of-way issues have been reviewed and found to be in such a state that fund obligation deadlines will not be jeopardized.

5. Adequate local funding is available to complete the project.

6. The project has been conceptually reviewed to the point that all contingent issues have been considered.

The attached resolution includes the required key points from MTC’s Resolution No.4108.

FISCAL IMPACT
Approval of the submittal of a grant application for $82,659 in TDA Article 3 funds would allow the City to receive a total of $82,659 in guaranteed TDA funds. No local match is required.

ALTERNATIVES

1. Do not authorize the submittal of a TDA grant application for $82,659 for FY 2026/27 TDA Article 3 guaranteed funds for the Campbell Bicycle and Pedestrian Project FY26/27. This alternative is not recommended since TDA funds are a guaranteed annual allocation of funds that require no local match.

PREPARED BY: Matthew Jue, Traffic Engineer
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Report Approval Details
Document Title: report-authorization to submit TDA grant application 6-2-26.docx Attachments: Attachment 1 - Resolution-TDA Campbell Bicycle and Pedestrian Project FY 26-27 project 6-2-26 consent.docx
Attachments A and B of Council Resolution for Campbell TDA Grant Application FY 2026-27.pdf
Attachment 2 - TDA grant project vicinity map - 6-2-26.pdf Final Approval
Date:

May 27, 2026
This document and all of its attachments were approved and signed as outlined below:

Item 7.6
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Attachment 1
RESOLUTION NO. ___________

A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CAMPBELL

AUTHORIZING THE PUBLIC WORKS DIRECTOR TO SUBMIT APPLICATIONS FOR FISCAL YEAR 2026/27 TRANSPORTATION DEVELOPMENT ACT (TDA) FUNDS

FOR THE CAMPBELL BICYCLE AND PEDESTRIAN PROJECT
FISCAL YEAR (FY) 2026/27
WHEREAS, the City of Campbell was awarded $82,659 in TDA Article 3 guaranteed funds for Fiscal Year (FY) 2026/27; and
WHEREAS, staff recommends submitting a TDA Article 3 grant application for $82,659 for FY 2026/27 TDA Article 3 guaranteed funds for the Campbell Bicycle and Pedestrian Project FY26/27; and
WHEREAS, on May 21, 2026, members of the Campbell Bicycle and Pedestrian Advisory Committee reviewed and voted to recommend the Campbell Bicycle and Pedestrian Project FY26/27 for approval; and
WHEREAS, the ability to obtain funding approval requires City Council endorsement of the project; and
WHEREAS, the Metropolitan Transportation Commission (MTC) requires the City of Campbell to use language from MTC’s Model Governing Body Resolution in this resolution to obtain MTC’s funding approval; and
WHEREAS, MTC requires an Attachment A, “Findings”, and an Attachment B, “Project Application”; and
WHEREAS, Article 3 of the Transportation Development Act (TDA), Public Utilities Code (PUC) Section 99200 et seq., authorizes the submission of claims to a regional transportation planning agency for the funding of projects exclusively for the benefit and/or use of pedestrians and bicyclists; and
WHEREAS, the Metropolitan Transportation Commission (MTC), as the regional transportation planning agency for the San Francisco Bay region, has adopted MTC Resolution No. 4108, Revised, entitled “Transportation Development Act, Article 3, Pedestrian/Bicycle Projects,” which delineates procedures and criteria for submission of requests for the allocation of “TDA Article 3” funding; and WHEREAS, MTC Resolution No. 4108, Revised requires that requests for the allocation of TDA Article 3 funding be submitted as part of a single, countywide coordinated claim from each county in the San Francisco Bay region; and
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WHEREAS, the City of Campbell desires to submit a request to MTC for the allocation of TDA Article 3 funds to support the projects described in Attachment B to this resolution, which are for the exclusive benefit and/or use of pedestrians and/or bicyclists.

NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Campbell that the Public Works Director is hereby authorized to submit a TDA grant application for Fiscal Year 2026/27 to the Valley Transportation Authority to obtain $82,659 in TDA guaranteed funds for the Campbell Bicycle and Pedestrian Project FY26/27 (Project); and
BE IT FURTHER RESOLVED that the City of Campbell declares it is eligible to request an allocation of TDA Article 3 funds pursuant to Section 99234 of the Public Utilities Code; and
BE IT FURTHER RESOLVED that there is no pending or threatened litigation that might adversely affect the project or projects described in Attachment B to this resolution, or that might impair the ability of the City of Campbell to carry out the Project; and BE IT FURTHER RESOLVED that on May 21, 2026, the Bicycle and Pedestrian Advisory Committee (BPAC) of the City of Campbell reviewed and recommended for approval the Project; and
BE IT FURTHER RESOLVED that the City of Campbell attests to the accuracy of and approves the statements in Attachment A to this resolution; and BE IT FURTHER RESOLVED that a certified copy of this resolution and its attachments, and any accompanying supporting materials shall be forwarded to the Santa Clara County Congestion Management Agency for submission to MTC as part of the countywide coordinated TDA Article 3 claim.

PASSED AND ADOPTED this _____day of ______, 2026, by the following roll call vote:

AYES: COUNCILMEMBERS:

NOES: COUNCILMEMBERS
ABSENT: COUNCILMEMBERS:

APPROVED:
_____________________________
Daniel E. Furtado, Mayor
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ATTEST:
__________________________
Andrea Sanders, City Clerk
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November 2022 TDA Article 3 Model Resolution Page 4
Resolution No. ________________
Attachment A
Re: Request to the Metropolitan Transportation Commission for the Allocation of Fiscal Year 2026/27 Transportation Development Act Article 3 Pedestrian/Bicycle Project Funding Findings

Page 1 of 1 ends

1. That the City of Campbell is not legally impeded from submitting a request to the Metropolitan Transportation Commission for the allocation of Transportation Development Act (TDA) Article 3 funds, nor is the City of Campbell legally impeded from undertaking the project(s) described in “Attachment B” of this resolution.

2. That the City of Campbell has committed adequate staffing resources to complete the project(s) described in Attachment B.

3. A review of the project(s) described in Attachment B has resulted in the consideration of all pertinent matters, including those related to environmental and right-of-way permits and clearances, attendant to the successful completion of the project(s).

4. Issues attendant to securing environmental and right-of-way permits and clearances for the projects described in Attachment B have been reviewed and will be concluded in a manner and on a schedule that will not jeopardize the deadline for the use of the TDA funds being requested.

5. That the project(s) described in Attachment B comply with the requirements of the California Environmental Quality Act (CEQA, Public Resources Code Sections 21000 et seq.).

6. That as portrayed in the budgetary description(s) of the project(s) in Attachment B, the sources of funding other than TDA are assured and adequate for completion of the project(s).

7. That the project(s) described in Attachment B are for capital construction and/or final design and engineering or quick build project; and/or for the maintenance of a Class I bikeway which is closed to motorized traffic and/or Class IV separated bikeway; and/or for the purposes of restriping Class II bicycle lanes; and/or for the development or support of a bicycle safety education program; and/or for the development of a comprehensive bicycle and/or pedestrian facilities plan, and an allocation of TDA Article 3 funding for such a plan has not been received by the City of Campbell within the prior five fiscal years.

8. That the project(s) described in Attachment B which are bicycle projects have been included in a detailed bicycle circulation element included in an adopted general plan, or included in an adopted comprehensive bikeway plan (such as outlined in Section 2377 of the California Bikeways Act, Streets and Highways Code section 2370 et seq.) or responds to an immediate community need, such as a quick-build project.

9. That any project described in Attachment B bicycle project meets the mandatory minimum safety design criteria published in the California Highway Design Manual or is in a National Association of City and Transportation Officials (NACTO) guidance or similar best practices document.

10. That the project(s) described in Attachment B will be completed in the allocated time (fiscal year of allocation plus two additional fiscal years).

11. That the City of Campbell agrees to maintain, or provide for the maintenance of, the project(s) and facilities described in Attachment B, for the benefit of and use by the public.

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November 2022 TDA Article 3 Model Resolution Page 5
Resolution No. _____ page ___ of ___
Attachment B
TDA Article 3 Project Application Form

1. Agency City of Campbell

2. Primary Contact Matthew Jue

3. Mailing Address 70 North First Street, Campbell, CA 95008

4. Email Address [email protected] 5. Phone Number 408-866-2154

6. Secondary Contact (in
the event primary is
not available)
Amy Olay

7. Mailing address (if
different) N/A☐

8. Email Address [email protected] 9. Phone Number 408-866-2150

10. Send allocation
instructions to (if
different from above):

11. Project Title Campbell Bicycle and Pedestrian Project FY 26/27

12. Amount requested $82,659.00 13. Fiscal Year of
Claim
2026/27

14. Description of Overall Project:

15. Project Scope Proposed for Funding: (Project level environmental, preliminary planning, and ROW are ineligible uses of TDA funds.)

16. Project Location: A map of the project location is attached or a link to a online map of the project location is provided below:

Project Relation to Regional Policies (for information only) Design and construct citywide shared lane markings; ADA traffic signal improvements; bike lanes, green bike lanes, and bike boxes; bike lanes on San Tomas Aquino Road; bike lanes on Bascom Avenue and Campbell Avenue; Hamilton Avenue Resurfacing Project 23-BB (includes sharrows, bike lanes, signs, curb ramps); Campbell PDA Enhancements Project (includes bicycle and pedestrian improvements along Civic Center Drive, Orchard City Drive, and Campbell Avenue in Historic Downtown; bike parking.

Design Hamilton Avenue/State Route 17 Southbound Off-ramp Widening Project 24-CC (bike- and pedestrian-related components).

PS&E, CON for all above project concepts except only PS&E for Hamilton Avenue/State Route 17 Southbound Offramp Widening Project 24-CC See attached Project Vicinity Map
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November 2022 TDA Article 3 Model Resolution Page 6

17. Is the project in an Equity Priority Community? Some parts (Hamilton Avenue Resurfacing Project 23-BB) Yes☒ No☐

18. Is this project in a Priority Development Area or a Transit-Oriented Community? Some parts (Campbell PDA Enhancements Project) Yes☒ No☐

19. Project Budget and Schedule
Project Eligibility
A. Has the project been reviewed by the Bicycle and Pedestrian Advisory Committee? Yes☒ No☐ If “YES,” identify the date and provide a copy or link to the agenda.

If "NO," provide an explanation). BPAC reviewed on May 21, 2026 B. Has the project been approved by the claimant's governing body? Yes☐ No☒ If "NO," provide expected date:___June 2, 2026_____________ C. Has this project previously received TDA Article 3 funding? Yes☐ No☒ (If "YES," provide an explanation on a separate page)
D. For "bikeways," does the project meet Caltrans minimum safety design criteria Yes☒ No☐ pursuant to Chapter 1000 of the California Highway Design Manual? E. 1. Is the project categorically exempt from CEQA, pursuant to CCR Section 15301(c), Yes☒ No☐ Existing Facility?

2. If “NO” above, is the project is exempt from CEQA for another reason? Yes☒ No☐ Cite the basis for the exemption. Some concepts are exempt for CCR Sections 15304, Minor Alteration, and 15303, New Construction of Minor Structures. N/A☐
If the project is not exempt, please check “NO,” and provide environmental documentation, as appropriate.

F. Estimated Completion Date of project (month and year): ____June 2029______ G. Have provisions been made by the claimant to maintain the project or facility, or has Yes☒ No☐ the claimant arranged for such maintenance by another agency? (If an agency other than the Claimant is to maintain the facility, please identify below and provide the agreement.

Project
Phase
TDA 3 Other Funds Total Cost
Estimated Completion
(month/year)
Bike/Ped
Plan
ENV
PA&ED
PS&E 12,659 12,659 June/2029
ROW
CON 70,000 70,000 June/2029
Total Cost 82,659 82,659
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November 2022 TDA Article 3 Model Resolution Page 7
H. Is a Complete Streets Checklist required for this project ? Yes☐ No☒ If the amount requested is over $250,000 or if the total project phase or construction phase is over $250,000, a Complete Streets checklist is likely required. Please attach the Complete Streets checklist or record of review, as applicable. More information and the form may be found here: https://mtc.ca.gov/planning/transportation/complete-streets Item 7.6
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City Council Report
DATE: June 2, 2026
TITLE: Preliminary Approval of Engineer’s Report and Adoption of Resolution of Intention, Lighting and Landscaping District LLA-1, Fiscal Year (FY) 2026-27 and Set Time and Place for Public Hearing (Resolution/Roll Call Vote)
RECOMMENDED ACTION:

That the City Council adopt a resolution preliminarily approving the Engineer’s Report for the annual levy and collection of assessments for City of Campbell Lighting District LLA-1 for Fiscal Year 2026-27; and adopt a resolution declaring Council’s intention to levy and collect assessments within the City of Campbell Lighting District LLA-1 for (FY) 2026-27 and setting forth the time and place for a required Public Hearing.

BACKGROUND
On April 7, 2026, pursuant to City Council Resolution No. 5831 approving the formation of the city-wide City of Campbell Lighting District LLA-1 (LLA-1) and the Landscaping and Lighting Act of 1972 (LLA), the City Council adopted Resolution No. 26-13378 directing staff to prepare a preliminary Engineer’s Report and initiate proceedings in support of levying assessments on properties within the LLA-1 for Fiscal Year (FY) 2026-27, as more fully described in the April 7, 2026, City Staff Report. The purpose of the LLA-1 is to help the City of Campbell (City) fund the installation, operation, and maintenance of a range of public improvements within the district, including public lighting, traffic signals, street and median landscaping, parks and recreational improvements, curbs, gutters, sidewalks, and irrigation systems and associated drainage improvements.

DISCUSSION
The Engineer’s Report for FY 2026-27 has been prepared and filed with the City Clerk’s Office, and is available for viewing by the public. The report includes a diagram showing the exterior boundaries of the Assessment District, and the lines and dimensions of each parcel of land within the District is referenced to that parcel as shown on the County Assessor’s map for FY 2026-27; each of which parcels are identified by a distinctive number on said County Assessor map. The report contains a proposed assessment roll consisting of the total amount of the estimated costs and expenses of proposed improvements (which there are none) in accordance with Section 22569 of the California Streets and Highways Code, and the maintenance and/or operation thereof, and of any existing improvements, to be assessed upon the parcels in said District in proportion to the estimated benefits to be received by such parcels respectively from said Item 7.7
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improvements, including the maintenance and/or servicing, and of the incidental expenses as provided in the Rules for Spreading Assessments, Exhibit A of the attached Resolution for the Preliminary Approval of the Engineer’s Report for LLA-1, except that such assessments are not imposed upon a Federal, State, or local agency or upon a public utility or other special government district. The Engineer’s Report also includes a list of improvements as shown in the Description of Work, Exhibit A, of the attached Resolution of Intention to Levy and Collect Assessments for LLA-1. No new improvements are proposed within LLA-1 for FY 2026-27.

The Engineer’s Report anticipates total expenditures for needed installation, operation, and maintenance activities in FY 2026-27 to amount to approximately $4.60 million.

These anticipated expenditures are incorporated into the FY 2026-27 Proposed Budget and 2027 to 2031 Proposed Capital Improvement Plan (CIP).

Based on the LLA-1 assessment formula, the level of special assessments is only anticipated to total approximately $1,210,000 in FY 2026-27. To make up the difference to cover the needed maintenance, signal and lighting activities required, a combined contribution of approximately $3.39 million will be derived from other revenue sources including the General Fund, Construction Tax, and Gas Tax in FY 2026-27.

To support the levying and collection of assessments in the district in the amount of $1,210,000, City staff proposes the City Council approve the Engineer’s Report for the annual LLA-1 assessment and declare its intention to levy and collect the annual LLA-1 assessment, and direct City staff action as follows:

June 2, 2026 City Council grants preliminary approval of Engineer’s Report and adopts Resolution of Intention. Time and place for the Public Hearing are set.

June 17, 2026 Resolution of Intention published in a local newspaper of general circulation.

June 24, 2026 Resolution of Intention published in a local newspaper of general circulation.

July 7, 2026 Public Hearing is held at the regular City Council Meeting. City Council considers adoption of a Resolution Overruling Protests, if any, ordering the improvements and confirming the diagram and assessments for Fiscal Year 2026-27.

August 1, 2026 Diagram and assessment is filed with County Auditor by August 1, 2026.

To proceed with the assessment process for FY 2026-27, it is also necessary for the City Council to conduct a Public Hearing on the levy of the proposed assessment at the regular City Council meeting on July 7, 2026. Notices will be published notifying Campbell residents of the upcoming Public Hearing.

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FISCAL IMPACT
Although there is no direct fiscal impact associated with this action, failure to preliminarily approve the Engineer’s Report and set the Public Hearing date would jeopardize the ability of the City to levy the annual Lighting and Landscaping District assessment, which provides approximately $1.21 million to the City for needed services.

ALTERNATIVES
Do not proceed with the annual Lighting and Landscaping District assessment process and designate alternative funding sources for staff to use to replace the LLA-1 revenue or direct staff to reduce or suspend services historically funded by LLA-1 revenue.

PREPARED BY: Roger Storz, Senior Civil Engineer
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Report Approval Details
Document Title: Report - Preliminary Approval of Engineer’s Report for LLA-1 for FY26-27.docx
Attachments: FY 26-27 LLA Resolution of Approval.docx
FY 26-27 LLA Resolution of Intention.docx
Final Approval
Date:

May 27, 2026
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 PRELIMINARILY APPROVING THE ENGINEER’S REPORT FOR THE ANNUAL

LEVY AND COLLECTION OF ASSESSMENTS FOR

CITY OF CAMPBELL LIGHTING DISTRICT
LLA-1 FOR FISCAL YEAR 2026-27
BE IT RESOLVED, by the City Council of the City of Campbell as follows:

1. On April 7, 2026, the City Council adopted Resolution No. 26-13378, initiating proceedings and directing the City Engineer to prepare a report in accordance with Division 15, Part 2, Chapter 1, Article 4 of the California Streets & Highways Code (Sections 22565 et seq.) for the purpose of the annual levy and collection of assessments for the City of Campbell Lighting District LLA-1 for Fiscal Year (FY) 2026-27;

2. The report has been filed with the City Clerk;

3. The City Council finds that the report adequately sets forth the following information:
a) Plans and specifications for proposed new improvements, if any, to be made within the Assessment District;
b) An estimate of the costs of said proposed new improvements, if any, to be made and the costs of maintenance or operation, or both, thereof, and an estimate of the costs for maintenance and operation of any existing improvements, together with the incidental expenses in connection therewith;
c) A diagram showing the exterior boundaries of the Assessment District and the lines and dimensions of each parcel of land within the District as such parcel of land is shown on the County Assessor’s map for FY 2026-27; each of which parcels shall be identified by a distinctive number or letter on said diagram; and
d) A proposed assessment, consisting of the total amount of the estimated costs and expenses of the proposed new improvements in accordance with Section 22569 of the California Streets and Highways Code, including the installation, if any, and the maintenance and/or operation thereof, and of any existing improvements, to be assessed upon the parcels in said District in proportion to the estimated benefits to be received by such parcels respectively from said improvements, including the maintenance or servicing, or both, therefore, and of the expenses incidental thereto, as provided in the Rules for Spreading Assessments, which is attached hereto as Exhibit A and hereby adopted.

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NOW, THEREFORE, the City Council hereby preliminarily approves the Engineer’s Report as presently submitted.

I hereby certify that the foregoing is a full, true and correct copy of a Resolution duly passed and adopted by the City Council of the City of Campbell, California, at a meeting thereof held on the _______ of __________, 2026, by the following vote of the members thereof:

AYES: Councilmembers:

NOES: Councilmembers:

ABSENT: Councilmembers:

APPROVED:
__________________________
Daniel E. Furtado, Mayor
ATTEST:
__________________________
Andrea Sanders, City Clerk
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EXHIBIT A
LLA-1 RULES FOR SPREADING ASSESSMENTS

1. District is to be assessed for all costs of forming the District and maintaining the street landscaping and the lighting systems located within the boundaries of the District.

2. The City Council is hereby authorized to annually increase the assessment by not more than ten percent (10%) per year to cover increased costs.

3. Total costs shall be apportioned to all parcels within the district boundary in accordance with the benefit received. Parcels without curbs, gutters or sidewalks pay no assessment for sidewalk repair.

4. The benefit for each parcel has been determined to be proportional to the land area of that parcel.

5. The area for condominium and townhouse developments shall be determined by assigning to each unit in the development an area equal to that unit’s proportionate share of the total land area in the development.

6. Parcels zoned single-family residence or agriculture are assessed up to a maximum of 10,000 square feet.

7. Three categories of benefits have been established:

A. All parcels having existing zoning of R-1, R-D, R-M-S, R-2-S, R-3-S, P-F or PD (Residential).

B. All parcels having existing zoning of C-1-S, C-2-S, C-3-S, P-O, or PD (commercial or professional).

C. All parcels having existing zoning of M-1-S, M-2-S, or C-M-B.

8. Assessment for lighting and curbs, gutters and sidewalks shall be apportioned as follows:

All parcels in Category B have been determined to receive benefit on an area basis in the amount of 1.25 times the amount of benefit to an equal area in Category A or C. This additional benefit is attributed to wider sidewalks and to increased lighting intensity which provide additional security and advertisement for those types of land uses.

9. Assessments for arterial street landscaping shall be apportioned among the parcels in Category B and C of Paragraph 7 above. Residential street landscaping shall be apportioned among the parcels in Category A of Paragraph 7 above.

10. In the event that any provision of these rules is held void or unenforceable by a court of competent jurisdiction, such rule shall be deemed severable from the remaining rules, and the remaining rules shall remain in full force and effect.

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RESOLUTION NO. ___________

A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CAMPBELL

DECLARING ITS INTENTION TO LEVY AND COLLECT

ASSESSMENTS WITHIN THE CITY OF CAMPBELL LIGHTING
DISTRICT LLA-1 FOR FISCAL YEAR 2026-27
WHEREAS, the City Council, pursuant to the provisions of the Landscaping and Lighting Act of 1972, Part 2, Division 15 of the Streets and Highways Code of the State of California, conducted proceedings for the formation of the City of Campbell Lighting District LLA-1 and for the levy and collection of Assessments for Fiscal Year 1980-1981, and on June 23, 1980, pursuant to proceedings duly had, adopted Resolution 5831, Overruling Protests and Ordering the Formation of an Assessment District, Improvements, and Confirming the Diagram and Assessment; and
WHEREAS, the public interest, convenience and necessity require, and it is the intention of said Council to undertake proceedings for the levy and collection of assessments upon the parcels of land in said District, for the installation of improvements, including the maintenance or operation, or both, thereof for the Fiscal Year 2026-27, and WHEREAS, the City Council has given preliminary approval to the Engineer’s Report which is on file with the City Clerk.

NOW, THEREFORE, BE IT RESOLVED as follows:

1. The City Council declares its intention to levy and collect assessments within the boundaries of City of Campbell Lighting District LLA-1 for Fiscal Year 2026-27, except that such assessments shall not be imposed upon a Federal, State, or local agency or upon a public utility or other special government district.

2. The existing and proposed improvements are generally described in Exhibit A attached to this Resolution, along with any substantial changes proposed to be made in existing improvements.

3. The Assessment District, distinctly referred to as City of Campbell Lighting District LLA-1, is located within all the area of the City Limits of the City of Campbell.

4. The Engineer’s Report setting forth a full and detailed description of the improvements, the boundaries of the Assessment District, and the proposed assessments upon assessable parcels of land within the District, is on file with the City Clerk and available for viewing by the public.

6. The City Council shall conduct a Public Hearing on the levy of the proposed assessment at the regular Council meeting on July 7, 2026 at 7:00 p.m., or as soon thereafter as the matter may be heard, in the Council Chambers at Campbell City Hall, 70 North First Item 7.7
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Street, Campbell, California 95008.

I hereby certify that the foregoing is a full, true and correct copy of a Resolution duly passed and adopted by the City Council of the City of Campbell, California, at a meeting thereof held on the ______ day of _______, 2026, by the following vote of the members thereof:

AYES: Councilmembers:

NOES: Councilmembers:

ABSENT: Councilmembers:

APPROVED:
_______________________________
Daniel E. Furtado, Mayor
ATTEST:
__________________________
Andrea Sanders, City Clerk
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Exhibit A
City of Campbell
Lighting District LLA-1
Description of Work
The installation, maintenance and operation of public light and traffic signal facilities including standards, luminaires, poles, conduits, wires, transformers, attachments and appurtenances, the furnishing of electric energy, and any expenses incidental thereto.

The maintaining and servicing of trees, shrubs, grass, other ornamental vegetation, irrigation and appurtenances, including repair, removal and replacement of all or any part thereof, providing for the life, growth, health and beauty of landscaping, including cultivation, trimming, spraying, fertilizing, treating for disease or injury, the removal of trimmings, rubbish, debris and other solid waste, water for irrigation and any expenses incidental thereto.

The installation and maintenance of curbs, gutters and sidewalks, park and recreational improvements, including play equipment and public restrooms.

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City Council Report
DATE: June 2, 2026
TITLE: Public Hearing to Consider Adoption of an Ordinance Extending Interim Ordinance No. 26-2347, which Continues Implementation of the Starter Home Revitalization Act with a Revised Method of Applying Vacancy Requirements to Single-Family Residential Properties (Ordinance/ 4/5 Roll Call Vote).

RECOMMENDED ACTION
It is recommended that the City Council adopt an ordinance to extend Interim Ordinance No. 26-2347, for a period for 10 months and 15 days.

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

BACKGROUND
At its meeting of April 21, 2026, the City Council adopted Interim Ordinance No. 26-2347, reestablishing the urgency measures of Interim Ordinance No. 2334 adopted last year to implement the Starter Home Revitalization Act, as most recently amended by SB 1123 and AB 130. The ordinance revises the method of applying vacancy requirements to single-family residential properties by requiring that parcels satisfy the statutory definition of “vacant” at the time of submittal, rather than at a later point after approval.

Pursuant to California Government Code Section 65858, Interim Ordinance No. 26-2347 is in effect for 45 days and will expire on June 5, 2026, unless extended by the City Council. Following initial adoption, the Government Code allows a city to extend an interim ordinance for a period of up to 10 months and 15 days after a duly noticed public hearing.

At its May 19, 2026 meeting, the City Council considered an ordinance to extend Interim Ordinance No. 26-2347. The motion to adopt did not receive the four affirmative votes required for approval under Government Code Section 65858. As a result, no action was taken to extend the ordinance, and the Council did not provide alternate direction to staff.

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Because Interim Ordinance No. 26-2347 repealed and replaced the prior interim ordinance (No. 2334), its expiration on June 5, 2026, would leave the City without local implementing provisions addressing the Starter Home Revitalization Act.

The Act would remain in effect as State law. However, the City would no longer have locally adopted procedures or standards addressing several implementation issues, including the processing of ministerial subdivisions, the application of objective design and development standards, and the administration of local procedures for these applications.

For this reason, the item has been returned to the City Council for further consideration, alternate action, or direction prior to the ordinance’s expiration.

DISCUSSION
The draft ordinance would extend Interim Ordinance No. 26-2347 for an additional 10 months and 15 days, through April 20, 2027, or until it is superseded by a subsequent ordinance, whichever occurs first.

Extension of the interim ordinance would maintain the City’s current local implementation procedures. If the interim ordinance is allowed to expire, the City would be required to process starter home applications under State law without the benefit of the local implementing provisions adopted by the City Council. This would require staff to address procedural and standards-related issues on a case-by-case basis, rather than through a defined local process. This would create uncertainty for applicants, neighboring property owners, and staff regarding the applicable review procedures and development standards for qualifying projects.

NEXT STEPS
To address concerns that applicants may obtain demolition permits to render a single family property vacant to be eligible for a starter home application, the City Council directed staff at its April 21, 2026 meeting to evaluate the preparation of a demolition control ordinance that could be used to prevent the intentional demolition of an existing dwelling, leading to the loss of housing stock and blight. Staff is currently awaiting guidance from the California Department of Housing and Community Development (HCD) regarding the scope of local authority in this area and expects to receive a response in the next 2-3 months.

As noted in the May 19 City Council staff report, the Legislature is actively considering Senate Bill 1116, which would make substantive revisions to the Starter Home Revitalization Act. On May 20, the bill passed the State Senate and advanced to the Assembly for consideration. If adopted by the Assembly and signed by the Governor, the City will need to consider a revised ordinance in the latter half of this year.

PUBLIC NOTICE
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As authorized by State law, notice of this public hearing was posted at least 10 days prior to the hearing in three public places within the City: City Hall, the Campbell Library, and the Campbell Community Center.

ALTERNATIVE
In lieu of extending Interim Ordinance No. 26-2347, the City Council could direct staff to prepare a permanent ordinance. However, preparation of a permanent ordinance would require additional drafting, legal review, Planning Commission consideration, City Council introduction and adoption, and a delayed effective date. As a result, a permanent ordinance would likely not become effective until late September 2026 at the earliest, leaving at least a four-month gap without local implementation provisions for the Starter Home Revitalization Act. Moreover, if Senate Bill 1116 is adopted, the permanent ordinance would become outdated shortly after taking effect and would need to be revised before SB 1116 becomes operative in January 2027.

FISCAL IMPACT
There is no fiscal impact associated with this action.

PREPARED BY: Daniel Fama, Senior Planner
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Report Approval Details
Document Title: Report – Extension of Interim Ordinance No. 26-2347 Implementing the Starter Home Revitalization Act.docx
Attachments: Interim Ordinance Extension.docx
Final Approval
Date:

May 27, 2026
This document and all of its attachments were approved and signed as outlined below:

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ORDINANCE NO. _____

BEING AN INTERIM ORDINANCE OF THE CITY COUNCIL OF THE CITY OF CAMPBELL EXTENDING INTERIM ORDINANCE NO. 26-2347, WHICH REESTABLISHED THE URGENCY MEASURES OF INTERIM ORDINANCE NO. 2334,

AS AMENDED TO REVISE THE METHOD OF APPLYING VACANCY REQUIREMENTS

TO SINGLE-FAMILY RESIDENTIAL PROPERTIES, FOR CONTINUED
IMPLEMENTATION OF THE STARTER HOME REVITALIZATION ACT.

WHEREAS, on October 11, 2023, the Governor of the State of California signed into law Senate Bill No. 684 (Caballero), which added Sections 65852.28, 65913.4.5, and 66499.41 to the California Government Code, collectively establishing a streamlined, ministerial approval process for small-scale housing development projects of up to ten residential units on urban lots, and authorizing the application of objective development and design standards;
WHEREAS, on September 19, 2024, the Governor of the State of California signed into law Senate Bill No. 1123 (Caballero), which amended Sections 65852.28 and 66499.41 of the California Government Code to expand and clarify eligibility for ministerial approval under the Starter Home Revitalization Act, including by permitting qualifying projects on certain vacant single-family residential parcels, reducing applicable density thresholds, and clarifying key implementation provisions;
WHEREAS, on June 30, 2025, the Governor of the State of California signed into law Assembly Bill No. 130 (Committee on Budget), a budget trailer bill that enacted amendments to Government Code Section 66499.41 and related provisions, including clarifying the treatment of remainder parcels, refining the relationship between unit construction and map recordation, and establishing additional limitations on the sale, lease, or financing of subdivided parcels prior to final inspection;
WHEREAS, the provisions of Senate Bill No. 1123 and Assembly Bill No. 130 became operative on July 1, 2025, and, in the absence of locally adopted development standards, requirements, and implementation procedures, may conflict with existing provisions of the Campbell Municipal Code and create uncertainty, inconsistencies, and administrative challenges in the implementation of State law; WHEREAS, certain development standards, requirements, and permitting procedures in the Campbell Municipal Code are inconsistent with, or do not fully implement, the provisions of Government Code Sections 65852.28, 65913.4.5, and 66499.41, including, but not limited to, standards related to lot configuration, land use definitions, and review procedures;
WHEREAS, Government Code Sections 65852.28(e), 65913.4.5(b), and 66499.41(i) authorize local agencies to adopt ordinances and procedures to implement the provisions of the Starter Home Revitalization Act;
WHEREAS, on July 1, 2025, the City Council adopted Interim Ordinance No. 2332 to implement Senate Bill No. 1123; however, that ordinance had been prepared prior to the June 30, 2025 enactment of Assembly Bill No. 130;
Item 8.1
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WHEREAS, on August 4, 2025, the City Council adopted Interim Ordinance No. 2334 to implement Senate Bill 1123, as amended by Assembly Bill 130, thereby superseding Interim Ordinance No. 2332;
WHEREAS, on September 16, 2025, the City Council adopted Interim Ordinance No. 2335 to extend Interim Ordinance No. 2334 for a period of ten months and fifteen days; WHEREAS, on April 21, 2026, the City Council adopted Interim Ordinance No. 26- 2347 for an initial period of forty-five (45) days, which reestablished the urgency measures of Interim Ordinance No. 2334, with an amendment revising the method of applying vacancy requirements to single-family residential properties, and superseded Interim Ordinance No. 2334;
WHEREAS, Interim Ordinance No. 26-2347 currently provides the City’s interim standards and procedures for implementing the Starter Home Revitalization Act, including eligibility criteria, subdivision requirements, and objective development standards for qualifying small-scale housing development projects, as well as provisions governing the application of vacancy requirements to single-family residential parcels; WHEREAS, unless extended by the City Council in accordance with Government Code Section 65858, Interim Ordinance No. 26-2347 will expire on June 5, 2026, and the interim standards and procedures established by that ordinance will no longer remain in effect;
WHEREAS, pursuant to Government Code Section 65858(d), the City Council has considered and hereby issues the Staff Report dated May 19, 2026, as the written report describing the measures taken to date to alleviate the condition that led to the adoption of Interim Ordinance No. 26-2347 and the urgency measures originally established by Interim Ordinance No. 2334, and such report was issued at least ten (10) days prior to the expiration of Interim Ordinance No. 26-2347 or any extension thereof; WHEREAS, the City is continuing its study to update zoning code provisions to conform to recent changes in State law, which is expected to be completed during the extension period authorized by this ordinance, or before adoption of a superseding permanent ordinance, whichever occurs first;
WHEREAS, since the adoption of Interim Ordinance No. 26-2347, the City has continued to receive, process, and evaluate starter home project applications under the City’s interim implementation measures;
WHEREAS, the implementation experience that supported adoption of Interim Ordinance No. 26-2347 continues to demonstrate the need for clear interim standards governing starter home project applications, particularly for applications involving singlefamily residential properties; WHEREAS, the City Council desires to extend Interim Ordinance No. 26-2347 to maintain the City’s current interim implementation measures while City staff continues to Item 8.1
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evaluate permanent amendments to the Campbell Municipal Code and any further changes to State law affecting the Starter Home Revitalization Act; WHEREAS, the City Council finds that there remains a current and immediate threat to the public health, safety, or welfare because the expiration of Interim Ordinance No. 26- 2347 would remove the City’s current interim standards and procedures for implementing the Starter Home Revitalization Act, thereby creating uncertainty, inconsistent administration, and the potential for premature removal of existing housing before permanent regulations are adopted;
WHEREAS, adoption of this interim ordinance is statutorily exempt from the California Environmental Quality Act (CEQA) pursuant to Government Code Sections 65852.28(e), 65913.4.5(b), and 66499.41(i);
WHEREAS, pursuant to Section 65858 of the Government Code, the City Council may extend the previously adopted interim ordinance for 10 months and 15 days after public notification and following a public hearing;
WHEREAS, the City Council finds and determines that extending Interim Ordinance No. 26-2347 would not be detrimental to the public interest, health, safety, convenience, or general welfare of the city; and is internally consistent with other applicable provisions of the Campbell Municipal Code;
WHEREAS, this interim ordinance would not have the effect of denying approvals provided for under State law that are needed for the development of projects with a significant component of multifamily housing;
WHEREAS, it is not the intent of this interim ordinance to deny or delay the approval of housing development projects that are in compliance with Government Code Sections 65852.28, 65913.4.5, and 66499.41; and
WHEREAS, considering the foregoing findings, the City Council further finds that there is a current and immediate threat to the public health, safety, or welfare, and that adherence to existing standards, requirements, and permitting procedures in conflict with this interim ordinance would result in that threat to public health, safety, or welfare.

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

SECTION 1 (SEVERABILITY): If any section, subsection, sentence, clause, or phrase of this interim ordinance is for any reason held to be invalid or unconstitutional by a decision of any court of competent jurisdiction, such decision shall not affect the validity of the remaining portions of the Ordinance. The City Council hereby declares that it would have passed this interim ordinance and each and every section, subsection, sentence, clause, or phrase not declared invalid or unconstitutional without regard to whether any portion of the ordinance would be subsequently declared invalid or unconstitutional.

Item 8.1
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SECTION 2 (CEQA): Adoption of this interim ordinance is statutorily exempt from the California Environmental Quality Act (CEQA) pursuant to Government Code Sections 65852.28(e), 65913.4.5(b), and 66499.41(i).

SECTION 3 (STATE LAW). Any provision of this interim ordinance that is inconsistent with Government Code Sections 65852.28, 65913.4.5, or 66499.41 shall be interpreted in a manner that achieves compliance with State law. The provisions of this interim ordinance shall supersede and take precedence over any inconsistent provision of the Campbell Municipal Code to the extent necessary to effectuate the purposes of this interim ordinance for the duration of its effectiveness.

SECTION 4 (REPEAL): If Government Code Sections 65852.28, 65913.4.5, or 66499.41 are repealed or otherwise rescinded by the California State Legislature or by the People of the State of California, this interim ordinance shall cease to be in effect.

SECTION 5 (PUBLICATION): The City Clerk shall cause this interim ordinance to be published at least once in a newspaper of general circulation within 15 days after its adoption in accordance with Government Code Section 36933.

SECTION 6 (EFFECTIVENESS): This ordinance shall take effect upon adoption by a fourfifths vote of the City Council. The ten (10) month and fifteen (15) day extension period for Interim Ordinance No. 26-2347 shall commence upon expiration of its initial forty-five (45) day term. Accordingly, Interim Ordinance No. 26-2347 is extended through April 20, 2027, or until the adoption of a superseding ordinance, whichever occurs first.

PASSED AND ADOPTED this _____ day of ____________, 2026 by the following roll call vote:

AYES: Councilmembers:

NOES: Councilmembers:

ABSENT: Councilmembers:

APPROVED:

Daniel E. Furtado, Mayor
ATTEST:

Andrea Sanders, City Clerk
Item 8.1
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City Council Report
DATE: June 2, 2026
TITLE: Public Hearing to consider the adoption of an Interim Ordinance, identifying specific sites for exclusion from Senate Bill 79 (SB 79) applicability, amending Section 21.02.020.E (Conflicting Requirements) of the Campbell Municipal Code to clarify the applicability of State and Federal preemptions to the Zoning Code, including as related to the implementation of Senate Bill 79, amending the Zoning Map to add a reference to Historic Structures of Merit, and authorizing submittal to the California Department of Housing and Community Development (HCD) for statutory review. (Ordinance/ Roll Call Vote) RECOMMENDED ACTION:

That the City Council take the following action: Adopt an Interim Ordinance, identifying specific sites for exclusion from Senate Bill 79 (SB 79) applicability, amending Section

21.02.020.E (Conflicting Requirements) of the Campbell Municipal Code to clarify the applicability of State and Federal preemptions to the Zoning Code, including as related to the implementation of Senate Bill 79, amending the Zoning Map to add a reference to Historic Structures of Merit, and authorizing submittal to the California Department of Housing and Community Development (HCD) for statutory review.

EXECUTIVE SUMMARY / BACKGROUND
This item is before the City Council for consideration of a new Interim Ordinance addressing implementation of Senate Bill 79 (“SB 79”). The proposed Interim Ordinance is related to Interim Ordinance No. 26-2345, previously adopted by the City Council on March 24, 2026, but reflects updated guidance, revised draft mapping information, and a refined staff analysis completed following adoption of the prior ordinance.

On March 24, 2026, the City Council adopted Interim Ordinance No. 26-2345, which identified certain properties eligible for exclusion from SB 79, adopted related Zoning Code and Zoning Map amendments, and authorized submittal of the ordinance to the California Department of Housing and Community Development (“HCD”) for statutory review. That ordinance was based on the information available to the City at the time, including the Planning Division’s analysis of properties located within one-half mile of qualifying transit-oriented development (“TOD”) stops and pedestrian access points identified by the City in the absence of published HCD guidance or final mapping from the applicable Metropolitan Planning Organization.

Interim Ordinance No. 26-2345 was adopted for an initial 45-day period and expired on May 8, 2026. Staff had previously scheduled the ordinance for extension at the April 21, Item 8.2
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2026, City Council meeting; however, due to a public noticing error, the item was ineligible for consideration, was removed from the agenda, and the ordinance expired without extension.

Because Interim Ordinance No. 26-2345 has expired, the City may not proceed by extension and must instead adopt a new interim ordinance. Since preparation and adoption of the prior ordinance, HCD has published SB 79 advisory guidance, and the Metropolitan Transportation Commission (“MTC”), acting in its capacity as the Metropolitan Planning Organization for the City of Campbell, has provided revised draft TOD Zones and Pedestrian Access Points. This newly issued guidance and revised draft mapping information materially affects the City’s identification of properties that are subject to, or may qualify for exclusion from, SB 79. Accordingly, the proposed ordinance includes revisions intended to reflect and incorporate this updated guidance and mapping information.

DISCUSSION
The proposed Interim Ordinance incorporates a refined analysis of SB 79 applicability and exclusions based on the most current information available to the City. No changes are proposed to the properties previously identified for exclusion from SB 79 based on either: (1) the absence of a walking path of less than one mile to a pedestrian access point serving a qualifying TOD stop, as authorized by Government Code Section 65912.160(e)(1); or (2) designation on the City’s local historic register as of January 1, 2025, as authorized by Government Code Section 65912.161(b)(1)(F). These properties continue to be identified in Exhibit A, Walking Path Exclusions, and Exhibit B, Historic Register Exclusions, attached to and incorporated into the proposed ordinance by reference.

However, MTC’s revised draft TOD Zones and Pedestrian Access Points have resulted in limited revisions to the City’s prior SB 79 study area mapping. These revisions include the addition of six parcels to the SB 79 study area, including one parcel added due to correction of a prior mapping error, as well as the reclassification of one property from the one-quarter-mile radius category to the one-half-mile radius category.

The publication of HCD advisory guidance and MTC’s revised draft TOD mapping constitute new information and changed circumstances that were not available at the time Interim Ordinance No. 26-2345 was adopted. These changes materially affect the City’s implementation and analysis of SB 79 and distinguish the proposed ordinance from the prior interim ordinance for purposes of Government Code Section 65858(f). Accordingly, staff recommends that the City Council adopt the proposed Interim Ordinance to implement SB 79 based on the most current guidance and mapping information available to the City in advance of SB 79 taking effect on July 1, 2026.

PROCEDURAL REQUIREMENTS
California Government Code Section 65858 allows local jurisdictions to adopt an Interim Ordinance to approve urgency measures as needed to provide sufficient time to address pressing land use matters. Consistent with the Government Code, Campbell Municipal Code Section 21.60.090 (Interim Ordinance) also provides that "the City Council may take appropriate action to adopt an urgency measure, as an interim ordinance, in compliance with State law…"
Item 8.2
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Adoption of an Interim Ordinance requires a supermajority of the City Council (four-fifths vote) and is effective for no more than 45 days. The City Council may further extend the interim ordinance for 10 months and 15 days after a noticed public hearing and may subsequently extend the urgency ordinance for up to two years. Ten days prior to the expiration of the ordinance, the City Council must issue a written report describing the measures taken to alleviate the conditions which led to the adoption of the ordinance.

Government Code section 65858(a) provides that the City Council may, after notice pursuant to Government Code section 65090 and a public hearing, subsequently extend an interim ordinance for an additional one year beyond expiration of the first extension.

Staff anticipates that the Interim Ordinance will need to be extended prior to the 45-day expiration to allow sufficient time to prepare and adopt a formal ordinance through the normal hearing procedures.

ENVIRONMENTAL DETERMINATION
The California Environmental Quality Act (CEQA) requires agencies to identify the potential environmental effects of “projects”. While adoption of the proposed Interim Ordinance is considered a "project" under Section 15378(a)(1) of the California Environmental Quality Act (CEQA), it may be found exempt from environmental review under Section 15061(b)(3) because it does not create environmental impacts and merely preserves the status quo. The Interim Ordinance may also be found categorically exempt under Section 15308 of the California Environmental Quality Act because it is a temporary regulatory action taken by the City pursuant to its police power and in accordance with Government Code Section 65858 in the interest of evaluating and preventing potential environmental harms related to implementation of SB 79.

FISCAL IMPACTS
There is no direct fiscal impact associated with adoption of the proposed ordinance. Any administrative costs associated with ordinance adoption and HCD coordination would be absorbed within existing departmental resources.

ALTERNATIVES

1. Take no action.

PREPARED BY: Stephen Rose, Senior Planner
Item 8.2
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Report Approval Details
Document Title: SB 79 - Site Removals.docx
Attachments: Attachment 1 - CC Ord. - SB 79 Site Removals (final).docx Attachment 2 - SB 79 Study Area Changes (8.5x11).pdf
Attachment 3 - Updated Scenario 1 - No Alternative Plan (8.5x11).pdf
Final Approval
Date:

May 27, 2026
This document and all of its attachments were approved and signed as outlined below:

Item 8.2
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ORDINANCE NO.

BEING AN INTERIM ORDINANCE OF THE CITY COUNCIL OF THE

CITY OF CAMPBELL IDENTIFYING SPECIFIC SITES FOR
EXCLUSION FROM SENATE BILL 79 APPLICABILITY, AMENDING
SECTION 21.02.020.E. (CONFLICTING REQUIREMENTS) OF THE

CAMPBELL MUNICIPAL CODE TO CLARIFY THE APPLICABILITY

OF STATE AND FEDERAL PREEMPTIONS TO THE ZONING CODE,

INCLUDING AS RELATED TO THE IMPLEMENTATION OF SENATE
BILL 79, AMENDING THE ZONING MAP TO ADD A REFERENCE TO

HISTORIC STRUCTURES OF MERIT, AND AUTHORIZING

SUBMITTAL TO THE CALIFORNIA DEPARTMENT OF HOUSING
AND COMMUNITY DEVELOPMENT FOR STATUTORY REVIEW.

FILE NO. PLN-2025-170
WHEREAS, after notification and public hearing, as specified by law and after presentation by the Community Development Director, proponents and opponents, the hearing was closed.

WHEREAS, pursuant to Section 65858 of the Government Code and Section 21.60.090 of the Campbell Municipal Code, the City Council may take appropriate action to adopt urgency measures as an Interim Ordinance (hereinafter “Ordinance”).

WHEREAS, the legislature of the State of California has, in Article XI, Section 7 of the California Constitution and Government Code Sections 65302 and 65800, conferred upon local governments the authority to adopt regulations designed to promote the public health, safety and general welfare of its citizenry.

WHEREAS, Senate Bill 79 (SB 79), the Abundant and Affordable Homes Near Transit Act, of 2025 and codified in Government Code Chapter 4.1.5 (commencing with Gov. Code Section 65912.155), operative July 1, 2026, establishes statewide minimum residential density and development standards for properties located within one-half mile of qualifying transit-oriented development (TOD) stops.

WHEREAS, SB 79 establishes substantial increases in allowable residential density and building height within large portions of the City, including areas not previously planned or evaluated for such development intensity.

WHEREAS, SB 79 authorizes local jurisdictions to exclude certain sites from SB 79 applicability through adoption of a local ordinance, subject to review and approval by the California Department of Housing and Community Development (HCD), prior to the statute’s effective date of July 1, 2026.

WHEREAS, SB 79 permits exclusion of sites within one-half mile of a qualifying transit stop where the site lacks a pedestrian walking path of less than one mile to the transit stop, pursuant to Government Code § 65912.160(e)(1), provided the determination is supported by substantial evidence.

WHEREAS, SB 79 also permits exclusion of sites designated on a local historic register as of January 1, 2025, pursuant to Government Code § 65912.161(b)(1)(F), until one year following the adoption of the seventh-cycle housing element.

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WHEREAS, in 1984, the City Council of the City of Campbell adopted Resolution No. 6793 establishing the City’s Historic Resource Inventory (HRI), and since that time properties have been added to and removed from the HRI as appropriate, with the current inventory maintained on file by the City’s Community Development Department.

WHEREAS, SB 79 requires that any local exclusion ordinance be submitted to HCD for review, and provides HCD 90 days to determine whether the exclusions are consistent with statutory requirements.

WHEREAS, the Planning Division initially analyzed properties located within one-half mile of qualifying transit-oriented development stops and identified properties potentially eligible for exclusion under SB 79 based on the pedestrian access points then identified by the City, in the absence of guidance from the California Department of Housing and Community Development (“HCD”) or final mapping from the applicable Metropolitan Planning Organization.

WHEREAS, on March 24, 2026, the City Council adopted Interim Ordinance No. 26-2345 based on the staff analysis and locally identified pedestrian access points available at that time.

WHEREAS, on or about March 20, 2026, HCD’s Housing Policy Development Division published SB 79 Advisory Clarifications on Definitions for Metropolitan Planning Organizations, providing new guidance regarding implementation of SB 79 that was not available to the City when the staff analysis supporting Interim Ordinance No. 26-2345 was prepared and published.

WHEREAS, the Metropolitan Transportation Commission (“MTC”), which serves as the Metropolitan Planning Organization for the City of Campbell, subsequently provided the City with in-progress revised draft Transit-Oriented Development (“TOD”) Zones and Pedestrian Access Points, providing new and revised geographic information that was not available to the City when Interim Ordinance No. 26-2345 was adopted.

WHEREAS, the City Council finds that HCD’s subsequent guidance and MTC’s subsequent revised draft TOD Zones and Pedestrian Access Points constitute new information and changed circumstances affecting the identification of properties subject to, or eligible for exclusion from, SB 79, and that these circumstances are distinct from those underlying the adoption of Interim Ordinance No. 26-2345 for purposes of Government Code Section 65858(f).

WHEREAS, based on this new guidance and revised draft mapping information, the Planning Division reanalyzed properties located within one-half mile of qualifying transit-oriented development stops and identified a refined list of properties eligible for exclusion under SB 79, as set forth in Exhibit A, Walking Path Exclusions, and Exhibit B, Historic Register Exclusions, which are attached hereto and incorporated herein by this reference.

WHEREAS, adoption of this ordinance on an urgency basis is necessary to preserve the City’s ability to timely submit the ordinance to HCD and obtain review and confirmation prior to the July 1, 2026, effective date of SB 79.

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WHEREAS, failure to adopt this ordinance prior to the effective date of SB 79 could result in the automatic application of SB 79 development standards to sites that qualify for exclusion under state law, thereby undermining the City’s ability to implement the statutory exclusion provisions authorized by the Legislature.

WHEREAS, the Planning Division is considering and studying General Plan or zoning changes necessary to comply with SB 79 and ensure that it is implemented in a manner that maximizes the production of affordable housing.

WHEREAS, the City is actively studying and considering the development of a local transitoriented development alternative plan as provided by SB 79 to ensure orderly and legally compliant implementation of SB 79, and approval of additional projects under existing regulations that conflict with those pending actions would undermine the City’s ability to protect the public health, safety, and welfare.

WHEREAS, approval of projects at sites that qualify for exclusion under state law, at the development intensities authorized by SB 79, prior to the adoption of locally tailored implementing regulations, could result in the concentration of population in areas where public infrastructure, including water, wastewater, storm drainage, roadway, and emergency response systems, has not been fully evaluated or upgraded to accommodate such intensity, thereby creating risks related to system capacity, emergency access, service delivery, and reliability; and could further result in the displacement of existing residents and the loss or conversion of commercial and employment-generating uses that support the City’s economic stability, fiscal sustainability, and access to essential goods and services, which impacts collectively constitute a current and immediate threat to the public health, safety, and welfare.

WHEREAS, pursuant to Government Code Section 65912.15(c)(2), an Ordinance enacted to make a local zoning code consistent with Chapter 4.1.5 (commencing with Section 65912.155) shall not be considered a “project” under Division 13 (commencing with Section 21000) of the Public Resources Code.

WHEREAS, the proposed Ordinance is adopted to make the City’s zoning code consistent with Government Code Chapter 4.1.5 (commencing with Section 65912.155), and therefore, pursuant to Government Code Section 65912.15(c)(2), is not subject to review under the California Environmental Quality Act (CEQA).

WHEREAS, in consideration of the adoption of the subject Ordinance, the City Council provided due consideration of all evidence presented and provided in the entire administrative record.

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

SECTION 1 (PURPOSE). This Ordinance is adopted as an urgency measure to implement the site exclusion provisions of Senate Bill 79 (SB 79), codified at Government Code Chapter

4.1.5 (commencing with Section 65912.155), prior to its July 1, 2026 effective date, and avoid conflicts with contemplated General Plan or zoning proposal that the Planning Department is considering and studying in order to implement the requirements of SB 79.

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The purpose of this Ordinance is to: (1) identify specific sites within one-half mile of qualifying transit-oriented development stops that qualify for exclusion from SB 79 applicability pursuant to state law; (2) amend Section 21.02.020.E. of the Campbell Municipal Code to clarify the applicability of state and federal preemption to the Zoning Code, including as related to SB 79; and (3) authorize submittal of this Ordinance to the California Department of Housing and Community Development for statutory review. This Ordinance is intended to preserve the City’s ability to exercise the exclusion authority expressly granted under SB 79 and to ensure orderly and lawful implementation of state housing law within the City of Campbell.

SECTION 2 (WALKING PATH EXCLUSIONS). Pursuant to SB 79 (Gov. Code § 65912.160(e)(1)), the City Council hereby determines that the properties identified in Exhibit A qualify for exclusion from SB 79 applicability because each such site lacks a walking path of less than one mile to a pedestrian access point of a qualifying transit-oriented development stop. This determination is supported by substantial evidence in the administrative record, including, without limitation, the analysis included in Exhibit A, and staff reports prepared in connection with this ordinance, and shall remain in for the duration of this ordinance and any extension of this ordinance or and successor ordinance.

SECTION 3 (HISTORIC REGISTER EXCLUSIONS). Pursuant to SB 79 (Gov. Code § 65912.161(b)(1)(F), the City Council hereby determines that the properties identified in Exhibit B qualify for exclusion from SB 79 applicability because each such site was designated on the City’s local historic register as of January 1, 2025. This exclusion shall remain in effect for the duration of this ordinance and any extension of this ordinance or and successor ordinance, after which SB 79’s standards will apply unless otherwise addressed by the City.

SECTION 4 (ZONING MAP TEXT AMENDMENT). To implement the exclusions authorized in Section 3, the City Council hereby authorizes a text amendment to the Zoning Map to include the following note to the “H” (Historic Preservation) Overlay/Combining District and renumber the existing notes based on their order of occurrence:
“Properties within the Historic Preservation Overlay District, and designated Structures of Merit pursuant to CMC Chapter 21.33 (Historic Preservation) which are included herein by reference, are not covered by Government Code § 65912.157.” SECTION 5 (AMENDING CAMPBELL MUNICIPAL CODE SECTION 21.02.020.E. – CONFLICTING REQUIREMENTS). Campbell Municipal Code SECTION 21.02.020.E. (Conflicting requirements.) is hereby amended to read as follows with strikethroughs (strikethroughs) indicating deleted text, and underlining (underlining) indicating added text:

E. Conflicting provisions. In the event of a conflict between the provisions of this Zoning Code, or between this Zoning Code and other applicable state or federal laws, the conflict, shall be resolved as follows:

1. Zoning Code provisions. In the event of any conflict between the provisions of this Zoning Code, the most restrictive requirement shall control; Item 8.2
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2. Development agreements, overlay/combining district, area plan, neighborhood plan, or specific plans. In the event of any conflict between the requirements of this Zoning Code and standards adopted as part of any development agreement, overlay/combining district, area plan, neighborhood plan, or specific plan, the requirements of the development agreement, overlay/combining district, area plan, neighborhood plan, or specific plan shall control;

3. Municipal Code provisions. In the event of any conflict between requirements of this Zoning Code and other regulations of the city, the most restrictive shall control;

4. Private agreements. It is not intended that the requirements of this Zoning Code shall interfere with, repeal, abrogate, or annul any easement, covenant, or other agreement that existed when this Zoning Code became effective. This Zoning Code applies to all land uses and development regardless of whether it imposes a greater or lesser restriction on the development or use of structures or land than an applicable private agreement or restriction, without affecting the applicability of any agreement or restriction. The city shall not enforce any private covenant or agreement unless it is a party to the covenant or agreement; and

5. Conflicts with state or federal law. If a conflict exists between this Zoning Code and applicable state or federal law, the applicable state or federal law shall take precedence over any City standard, permit process, or other provision. When such a conflict is identified, the Community Development Director shall issue an interpretation in accordance with Section 21.02.030 (Procedures for interpretations.), specifying the conflicting standard, permit process, or other provision; the nature of the conflict; and how the conflict will be resolved in the immediate term until the Zoning Code is amended to remedy the conflict.

In addition, the Community Development Director may prepare and maintain on file with the Community Development Department a list of specific properties determined to be affected by such state or federal law, or determined to be excluded from the application of such law pursuant to local ordinance. The Community Development Director may also prepare and maintain methodologies, guidelines, or administrative procedures for making such determinations.

SECTION 6 (SUBMITTAL TO HCD FOR STATUTORY REVIEW). The City Council hereby authorizes and directs the Community Development Director, or designee, to submit this Ordinance, including all exhibits and supporting documentation, to the California Department of Housing and Community Development (HCD) for statutory review.

The Community Development Director is further authorized to provide additional information, technical studies, mapping, or other supporting materials requested by HCD, and to make minor, non-substantive revisions to the exhibits or supporting documentation as necessary to address HCD comments (which may include including graphically depicting sites that are or are not covered by Section 65912.157 on the Zoning Map), provided such revisions do not materially alter the determinations adopted by the City Council.

SECTION 7 (SEVERABILITY). If any section, sentence, clause, phrase, word, or other provision of this Ordinance is for any reason held to be unconstitutional or otherwise invalid, such holding shall not affect the validity of the remaining sections, sentences, clauses, Item 8.2
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phrases, words or other provisions of this Ordinance, or the validity of this Ordinance, shall stand notwithstanding the invalidity of any section, sentence, clause, phrase, word or other provision.

SECTION 8 (CEQA DETERMINATION). The proposed Ordinance is not subject to review under the California Environmental Quality Act (CEQA) because, pursuant to Government Code Section 65912.15(c)(2), an ordinance adopted to make the City’s zoning code consistent with Government Code Chapter 4.1.5 (commencing with Section 65912.155) is not considered a “project” under Division 13 (commencing with Section 21000) of the Public Resources Code.

SECTION 9 (EFFECTIVE DATES). This Ordinance shall take effect immediately upon its passage and shall remain in effect for 45 days, unless extended or repealed by the City Council in accordance with applicable law.

SECTION 10 (PUBLICATION). The City Clerk shall cause this Ordinance to be published and shall be published, or summary thereof, one time within fifteen (15) days upon passage and adoption in a newspaper of general circulation, such as the Metro Silicon Valley, for the City of Campbell, County of Santa Clara.

PASSED AND ADOPTED this _______ day of ________________, 2026, by the following roll call vote:

AYES: COUNCILMEMBERS:

NOES: COUNCILMEMBERS:

ABSENT: COUNCILMEMBERS:

ABSTAIN: COUNCILMEMBERS:

APPROVED:

Daniel E. Furtado, Mayor
ATTEST:

Andrea Sanders, City Clerk
Item 8.2
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Exhibit A – Walking Path Exclusions
https://www.campbellca.gov/DocumentCenter/View/29674/SB79-Half-Mile-Study---Wallking-Path-Exclusions-051926 Item 8.2
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Walking Path Exclusions (1 of 2)
GIS ID# Address APN
6164 931 RAVENSCOURT AVE 28217004
9775 929 RAVENSCOURT AVE 28217005
5554 927 RAVENSCOURT AVE 28217006
6496 925 RAVENSCOURT AVE 28217007
5539 923 RAVENSCOURT AVE 28217008
Supporting Documentation:

Walking Path Exclusions – North (1 of 1):
https://www.campbellca.gov/DocumentCenter/View/29670/Walking-Path-Exclusions---North-1-of-1 Item 8.2
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Walking Path Exclusions (2 of 2)
GIS ID# Address APN
6812 675 CAMPBELL TECHNOLOGY PKWY 41229011
9114 655 CAMPBELL TECHNOLOGY PKWY 41229012
1751 635 CAMPBELL TECHNOLOGY PKWY 41229015
10263 755 WEST VALLEY DR 41230003
7787 745 WEST VALLEY DR 41230004
3171 735 WEST VALLEY DR 41230005
2292 725 WEST VALLEY DR 41230006
2584 715 WEST VALLEY DR 41230007
6133 705 WEST VALLEY DR 41230008
10764 695 WEST VALLEY DR 41230009
1496 675 WEST VALLEY DR 41230010
2839 680 WEST VALLEY DR 41230011
4433 700 WEST VALLEY DR 41230012
8991 710 WEST VALLEY DR 41230013
11075 720 WEST VALLEY DR 41230014
6769 740 WEST VALLEY DR 41230015
6310 2293 HIGHLAND PARK LN 41238001
11378 2285 HIGHLAND PARK LN 41238002
3541 2281 HIGHLAND PARK LN 41238003
1398 2275 HIGHLAND PARK LN 41238004
8203 2271 HIGHLAND PARK LN 41238005
6957 2267 HIGHLAND PARK LN 41238006
1216 2261 HIGHLAND PARK LN 41238007
2880 2585 OAK PARK LN 41238009
9738 2575 OAK PARK LN 41238010
10472 2567 OAK PARK LN 41238011
10348 2555 OAK PARK LN 41238012
8492 2545 OAK PARK LN 41238013
8200 2535 OAK PARK LN 41238014
9811 2264 CENTRAL PARK DR 41238015
6508 2268 CENTRAL PARK DR 41238016
10292 2274 CENTRAL PARK DR 41238017
5047 2276 CENTRAL PARK DR 41238018
Item 8.2
Tuesday, June 02, 2026 109 of 280
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PLN-2025-170 – SB 79 Site Exclusions Page 4 of 8
9784 2278 CENTRAL PARK DR 41238019
8246 2280 CENTRAL PARK DR 41238020
5926 2282 CENTRAL PARK DR 41238021
7175 2284 CENTRAL PARK DR 41238022
2646 2286 CENTRAL PARK DR 41238023
2163 2288 CENTRAL PARK DR 41238024
5816 2272 HIGHLAND PARK LN 41238033
3356 2276 HIGHLAND PARK LN 41238034
7153 2282 HIGHLAND PARK LN 41238035
4549 2286 HIGHLAND PARK LN 41238036
8573 2290 HIGHLAND PARK LN 41238037
3016 2294 HIGHLAND PARK LN 41238038
9640 2298 HIGHLAND PARK LN 41238039
7589 2302 HIGHLAND PARK LN 41238040
6849 2303 CENTRAL PARK DR 41238041
10609 2301 CENTRAL PARK DR 41238042
8986 2297 CENTRAL PARK DR 41238043
6832 2293 CENTRAL PARK DR 41238044
2854 2291 CENTRAL PARK DR 41238045
9685 2287 CENTRAL PARK DR 41238046
7575 2285 CENTRAL PARK DR 41238047
2220 2281 CENTRAL PARK DR 41238048
1130 2279 CENTRAL PARK DR 41238049
5027 2275 CENTRAL PARK DR 41238050
5026 2273 CENTRAL PARK DR 41238051
8053 2269 CENTRAL PARK DR 41238052
3149 2265 CENTRAL PARK DR 41238053
9386 2263 CENTRAL PARK DR 41238054
5791 2261 CENTRAL PARK DR 41238055
3985 2257 CENTRAL PARK DR 41238056
10798 2253 CENTRAL PARK DR 41238057
10876 2249 CENTRAL PARK DR 41238058
9100 2245 CENTRAL PARK DR 41238059
10804 2540 OAK PARK LN 41238060
8083 2550 OAK PARK LN 41238061
Item 8.2
Tuesday, June 02, 2026 110 of 280
City Council Ordinance No.

PLN-2025-170 – SB 79 Site Exclusions Page 5 of 8
7505 680 PARKDALE DR 41238071
8421 681 PARKDALE DR 41238072
7663 691 PARKDALE DR 41238073
2564 701 PARKDALE DR 41238074
7315 2243 CENTRAL PARK DR 41238075
9469 N/A 41238087
5078 415 DALLAS DR 41239012
4605 401 DALLAS DR 41239013
201 385 DALLAS DR 41239014
8054 367 DALLAS DR 41239015
436 351 DALLAS DR 41239016
241 341 DALLAS DR 41239017
3061 329 DALLAS DR 41239018
1922 321 DALLAS DR 41239019
470 311 DALLAS DR 41239020
6441 299 DALLAS DR 41239021
9258 291 DALLAS DR 41239022
9513 281 DALLAS DR 41239023
6539 271 DALLAS DR 41239024
11111 251 CURTNER AVE 41239027
490569 251 CURTNER AVE 41239027
8819 280 DALLAS DR 41239028
2193 300 DALLAS DR 41239029
9050 320 DALLAS DR 41239030
3038 348 DALLAS DR 41239031
6069 933 NORIN CT 41239032
5112 945 NORIN CT 41239033
7465 261 DALLAS DR 41239053
4398 281 CURTNER AVE 41239054
10269 130 CURTNER AVE 41401033
8529 196 CURTNER AVE 41401034
6701 210 CURTNER AVE 41401035
4975 238 CURTNER AVE 41401036
Item 8.2
Tuesday, June 02, 2026 111 of 280
City Council Ordinance No.

PLN-2025-170 – SB 79 Site Exclusions Page 6 of 8
Supporting Documentation:

Walking Path Exclusions – South (1 of 2):
https://www.campbellca.gov/DocumentCenter/View/29668/Walking-Path-Exclusions---South-1-of-2 Item 8.2
Tuesday, June 02, 2026 112 of 280
City Council Ordinance No.

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Walking Path Exclusions – South (2 of 2):
https://www.campbellca.gov/DocumentCenter/View/29669/Walking-Path-Exclusions---South-2-of-2 Item 8.2
Tuesday, June 02, 2026 113 of 280
City Council Ordinance No.

PLN-2025-170 – SB 79 Site Exclusions Page 8 of 8
Transit-Oriented Development (“TOD”) Zones and Pedestrian Access Points – Supporting Documentation GIS File Downloads:

TOD Zones
https://www.campbellca.gov/DocumentCenter/View/29678/SB79RegionalMap_Inprogressupdate_Campbell_Zones_2 Pedestrian Access Points:
https://www.campbellca.gov/DocumentCenter/View/29677/SB79RegionalMap_Inprogressupdate_Campbell_AccessPoints_2 Station Location Pedestrian Access Point Description Latitude & Longitude Northeast Pedestrian Access Point 37°17'59.50"N, 121°55'46.79"W Bascom Station Southeast Pedestrian Access Point 37°17'57.53"N, 121°55'48.77"W Southwest Pedestrian Access Point 37°17'58.07"N, 121°55'49.61"W Elevator 37°17'38.62"N, 121°56'9.17"W
North Staircase Access Point 37°17'38.40"N, 121°56'8.88"W Hamilton Station South Staircase Access Point 37°17'37.93"N, 121°56'8.77"W Southeast Parking Lot Access Gate 37°17'7.30"N, 121°56'35.95"W Southwest Parking Lot Access Gate 37°17'7.62"N, 121°56'36.56"W Northwest Pedestrian Sidewalk Access Point 37°17'9.77"N, 121°56'34.85"W Campbell
Station
Northeast Pedestrian Sidewalk Access Point 37°17'9.78"N, 121°56'34.48"W Winchester Northeast Pedestrian Access Point 37°16'47.10"N, 121°56'52.66"W Station Southeast Pedestrian Access Point 37°16'44.87"N, 121°56'54.35"W Item 8.2
Tuesday, June 02, 2026 114 of 280
Exhibit B – Historic Exclusions
https://www.campbellca.gov/DocumentCenter/View/29676/SB79-Half-Mile-Study---Historic-Site-Exclusions-051926 Item 8.2
Tuesday, June 02, 2026 115 of 280
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PLN-2025-170 – SB 79 Site Exclusions Page 2 of 8
Historic Resource Inventory
Site
Number Street Address APN Historic Name
State Register
Status
Local Historic Register
Designation
20 Alice Ave. 41204052 Mary Fablinger House Unknown
Historic District
Property
30 Alice Ave. 41204053 Florence & Beth Kennedy House Unknown Historic District
Property
38 Alice Ave. 41204054 Esther Palmquist Short House Unknown Historic District
Property
50 Alice Ave. 41204055 Andy Johnson House Unknown
Historic District
Property
58 Alice Ave. 41204056 Lillie & Joseph C. Agostinho House Unknown Historic District
Property
80 Alice Ave. 41204058 Bruce G. and Barbara A. Johnson House Unknown Historic District
Property
86 Alice Ave. 41204059 Mason-Genasci House Unknown
Historic District
Property
116 Alice Ave. 41204060 Ira & Mabel Abbott House Unknown Historic District
Property
136 Alice Ave. 41204061 Ira & Mabel Abbott House Unknown Historic District
Property
146 Alice Ave. 41204062 Anthony Bargas Sr. House Unknown Historic District
Property
150 Alice Ave. 41204063 Richard & Leah Strong House Unknown Historic District
Property
158 Alice Ave. 41204064 Joseph & Alma Leverton House Unknown Historic District
Property
166 Alice Ave. 41204065 Herbert M. & Kathryn Schadle House Unknown Historic District
Property
176 Alice Ave. 41204066 Bill Haley House Unknown
Historic District
Property
Item 8.2
Tuesday, June 02, 2026 116 of 280
City Council Ordinance No.

PLN-2025-170 – SB 79 Site Exclusions Page 3 of 8
Historic Resource Inventory
Site
Number Street Address APN Historic Name
State Register
Status
Local Historic Register
Designation
186 Alice Ave. 41204067 WJ ""Jack"" and Ruth Burns House Unknown Historic District
Property
198 Alice Ave. 41204068 Dillard and Edna (Leigh) Decker House Unknown Historic District
Property
204 Alice Ave. 41204069 William and Dorothy (Mills) Harrison House Unknown Historic District
Property
214 Alice Ave. 41204070 Earl and Mildred Canrite House Unknown Historic District
Property
226 Alice Ave. 41204071 Alice Hyde House Unknown
Historic District
Property
235 First St., S. 41204072 None Unknown
Historic District
Property
189 Third St., S. 41205059 None Unknown
Historic District
Property
133 Alice Ave. 41205060 Harry Berry--Babb House Unknown Historic District
Property
119 Alice Ave. 41205061 Robert/Holmes House Unknown
Historic District
Property
99 Alice Ave. 41205062 Claude and Jeanette Grizzle House Unknown Historic District
Property
81 Alice Ave. 41205063 Doc and Cora Beal House Unknown
Historic District
Property
59 Alice Ave. 41205065 Clarence & Marion Plumb House Unknown Historic District
Property
51 Alice Ave. 41205066 Walter B. & Annie (Hall) Jones House Unknown Historic District
Property
35 Alice Ave. 41205067 Margeson-Trowbridge House Unknown Historic District
Property
21 Alice Ave. 41205068 Guy & Earnestine (Kennedy) Farley House Unknown Historic District
Property
Item 8.2
Tuesday, June 02, 2026 117 of 280
City Council Ordinance No.

PLN-2025-170 – SB 79 Site Exclusions Page 4 of 8
Historic Resource Inventory
Site
Number Street Address APN Historic Name
State Register
Status
Local Historic Register
Designation
209 Alice Ave. 41206057 Field House Unknown
Historic District
Property
199 Alice Ave. 41206058 Walker and Ethel (Curry) Vaugh House Unknown Historic District
Property
189 Alice Ave. 41206059 Hancy Naylor House Unknown
Historic District
Property
177 Alice Ave. 41206060 Fred Clark/John Lund House Unknown Historic District
Property
167 Alice Ave. 41206061 Percy and Miriam (Skiff) Dunlap House Unknown Historic District
Property
190 Third St., S. 41206063 None Unknown
Historic District
Property
365 Campbell Ave., E. 27941015
Bank of Campbell Building (1st)/Farley Building -- Est by Ord. 1801 Listed Historic Landmark
1228 Harriet Ave. 40313122
Littleton-Martin House (now 1690 Littleton Place) --
Est. by Ord. 1831 Unknown Historic Landmark
207 Central Ave., N. 27940015
Louis & Edward Genasci House -- Est by Ord. 1370,
1371 Unknown Historic Landmark
112 Second St., N. 27941051 J. C. Ainsley House (No. 2) -- Est. by Ord. 1813 Listed Historic Landmark 599 El Patio Dr. 27945029 F. M. Righter House -- Est. by Ord. 1287 Listed Historic Landmark 140 Peter Dr. 28818029 Galindo-Leigh House -- Est. by Ord. 1816 Listed Historic Landmark 61 Catalpa Ln. 30533095 E. R. Kennedy House -- Est by Ord. 1827 Listed Historic Landmark 76 Alice Ave. 41204057 Saunders-Maxwell House -- est. by Ord. 1809 Unknown Historic Landmark 69 Alice Ave. 41205064
Peter & Ida (Furtado) Yerkovich House -- est. by Ord.
1926 Unknown Historic Landmark
227 Alice Ave. 41206056
Ralph & Maud (Husted) Hyde House -- est. by Ord.
1783 Listed Historic Landmark
155 Alice Ave. 41206062 Ed Arnott House Unknown Historic Landmark 1888 White Oaks Ave. 41444015
Earl & Virginia Young House/Sartorette House -- Est. by Ord. 1355, 1356 Listed Historic Landmark
84 Third St., N. 27939006 J. C. Ainsley House (No. 1) -- Est. by Ord. 1747 Listed Historic Landmark Item 8.2
Tuesday, June 02, 2026 118 of 280
City Council Ordinance No.

PLN-2025-170 – SB 79 Site Exclusions Page 5 of 8
Historic Resource Inventory
Site
Number Street Address APN Historic Name
State Register
Status
Local Historic Register
Designation
90 First St., S. 41207043
Campbell Water Company Tower and Pump House /
Hyde Park -- Est. by Ord. 1831 Listed Historic Landmark 51 Campbell Ave., E. 27938075 Listed Historic Landmark
151 First St., N. 27939059 Gilman House -- Est. by Ord. 1515 Unknown Historic Landmark 81 First St., N. 27941033 Bull House -- Est. by Ord. 1886 Unknown Historic Landmark 73 First St., S. 41206039 Laura Campbell Swope House -- Est. by Ord. 1790 Listed Historic Landmark 300 Grant St. 27941068
Civic Center / Ainsley House -- Est by Ord. 1763-
previously 116-130 Listed Historic Landmark
43 Harrison Ave., N. 27941074 Ainsley Corp. Headquarters Building Unknown Structure of Merit 0 Campbell Ave., E. 27941008 B. O. Curry Building Listed Structure of Merit 0 Campbell Ave., E. 27941010 Downing Building Unknown Structure of Merit 381 Campbell Ave., E. 27941011 Brick Barber Shop Unknown Structure of Merit 0 Campbell Ave., E. 27941025 The Courtyard Unknown Structure of Merit 287 Campbell Ave., E. 27941026 Ski's Royal Furniture / ISLG Interior Showroom Unknown Structure of Merit 231 Campbell Ave., E. 27941044 George and Lina (Campbell) Rodeck House / Mortuary Unknown Structure of Merit 51 Central Ave., N. 27941060 Historical Museum/Volunteer Fire House/First City Hall Unknown Structure of Merit 46 Second St., N. 27941072 Earl & Ettie Eddleman House Unknown Structure of Merit 106 Campbell Ave., E. 41205002 Serafino Manfre House Unknown Structure of Merit 0 First St., S. 41206036 Grizzle Court Duplex Unknown Structure of Merit 354 Campbell Ave., E. 41207029 Mrs. Putnam’s Dry Goods Store Unknown Structure of Merit 360 Campbell Ave., E. 41207030 Bank of Campbell Building (2nd) / Alie's Unknown Structure of Merit 0 Campbell Ave., E. 41207037 Blaine Grocery Building Unknown Structure of Merit 400 Campbell Ave., E. 41207038 Grower’s Bank Building/Gas Lighter Theater Listed Structure of Merit 0 Campbell Ave., E. 41207039 Rock Shop / First Movie House / Post Office Unknown Structure of Merit 0 Campbell Ave., E. 41207039 Sprouse-Reitz/Dr. Morgan Dentist Office Unknown Structure of Merit 93 Central Ave., S. 41207048
George Hyde Co./Sunsweet Growers (AKA 300 Orchard
City Drive) Listed Structure of Merit
0 Campbell Ave., E. 41207065 Campbell Country Woman’s Club Building Listed Structure of Merit 46 Central Ave., S. 41207067
Farmer's Union Packing House (AKA 307 Civic Center
Drive) Unknown Structure of Merit
209 Railway Ave. 41207005 Cannery Workers Dining Hall Listed Structure of Merit Item 8.2
Tuesday, June 02, 2026 119 of 280
City Council Ordinance No.

PLN-2025-170 – SB 79 Site Exclusions Page 6 of 8
Historic Resource Inventory
Site
Number Street Address APN Historic Name
State Register
Status
Local Historic Register
Designation
0 Campbell Ave., E. 41210022 Morton House Unknown Structure of Merit 866 Campbell Ave., E. 41210024 George Robson House / Togos Unknown Structure of Merit 1325 Burrows Rd. 40316111 George and Mary Burrows House Unknown Structure of Merit 100 Third St., N. 27939008 None Unknown Structure of Merit 222 Third St., N. 27939021 None--1950's International Moderne Unknown Structure of Merit 113 Second St., N. 27939032 Ralston and Etta Alison House Unknown Structure of Merit 75 Second St., N. 27939036 Copeland Home Unknown Structure of Merit 63 Second St., N. 27939062 Charles E. and Sarah E. De Selle House Unknown Structure of Merit 125 Second St., N. 27939065 Frank Nelson House Listed Structure of Merit 149 Second St., N. 27939068 Hascall House Unknown Structure of Merit 158 First St., N. 27940002 None Unknown Structure of Merit 196 Central Ave., N. 27940026 Dodge House? Unknown Structure of Merit 290 Central Ave., N. 27940033 First Congregational Church Parsonage Unknown Structure of Merit 300 Central Ave., N. 27940034 A. I. Cramer House Unknown Structure of Merit 179 Harrison Ave., N. 27940042 Downs House Unknown Structure of Merit 74 Second St., N. 27941048 Smith House Unknown Structure of Merit 126 Second St., N. 27941052 Nona & Dan Clark House Unknown Structure of Merit 62 Second St., N. 27941057 Smith House Unknown Structure of Merit 86 Second St., N. 27941071 Lantz House Unknown Structure of Merit 616 El Patio Dr. 27944020 Unknown Structure of Merit
649 El Patio Dr. 27945020 Morley House Unknown Structure of Merit 165 Leigh Ave. 28818016 George & Pearl Leigh House Unknown Structure of Merit 266 Campbell Ave., W. 30531020 TBD Unknown Structure of Merit 345 Budd Ave. 30535016 Henry and Bessie (Taylor) Young House Unknown Structure of Merit 1075 Latimer Ave., W. 30742015 Frank Lipari/Joe Taromino House Unknown Structure of Merit 1171 Latimer Ave., W. 30744042 2nd Serafino Manfre House Unknown Structure of Merit 1198 Latimer Ave., W. 30749043 Jessie & Joseph Barbano House Unknown Structure of Merit 271 Central Ave., N. 27935024 Jack Lancaster House Unknown Structure of Merit 251 Central Ave., N. 27935026 Unknown Structure of Merit 120 Sunnyside Ave. 41204023 None Unknown Structure of Merit Item 8.2
Tuesday, June 02, 2026 120 of 280
City Council Ordinance No.

PLN-2025-170 – SB 79 Site Exclusions Page 7 of 8
Historic Resource Inventory
Site
Number Street Address APN Historic Name
State Register
Status
Local Historic Register
Designation
211 Sunnyside Ave. 41204036 None Unknown Structure of Merit 132 Sunnyside Ave. 41204083 Tony Bargis House? Unknown Structure of Merit 154 Sunnyside Ave. 41204085 None Unknown Structure of Merit 57 Third St., S. 41205006 Walton House Unknown Structure of Merit 105 Third St., S. 41205011 James G. Burns House Unknown Structure of Merit 89 Rincon Ave., E. 41205019 Ed & Tom Clancy House Unknown Structure of Merit 106 Fourth St., S. 41205022 Lincoln Bump House Unknown Structure of Merit 96 Fourth St., S. 41205023 Lincoln Bump House Unknown Structure of Merit 88 Fourth St., S. 41205024 Elmer & Carrie Weeks House Unknown Structure of Merit 68 Fourth St., S. 41205026
Edwin & Marion (Duncan) Parker House (AKA 70 S.

Fourth Street) Unknown Structure of Merit
38 Fourth St., S. 41205029 Morgan House Unknown Structure of Merit 61 Fourth St., S. 41205039 Tony Raffantti House Unknown Structure of Merit 81 Fourth St., S. 41205041 Everett Nelson House Unknown Structure of Merit 91 Fourth St., S. 41205042 Frank Blaine House Unknown Structure of Merit 91 Second St., S. 41206012 James Henry & Jessie Campbell House Listed Structure of Merit 99 Second St., S. 41206013 Ed & Meryle Kennedy House Unknown Structure of Merit 207 Rincon Ave., E. 41206017 A. T. Davie Bungalow Unknown Structure of Merit 58 Third St., S. 41206027 Joe Simas House Unknown Structure of Merit 77 First St., S. 41206040 Joe Gard House Unknown Structure of Merit 80 Second St., S. 41206044 Unknown Structure of Merit
254 Everett Ave. 41206046 Lillian Voge House Unknown Structure of Merit 264 Everett Ave. 41206047 Jim Kelley House Unknown Structure of Merit 110 Second St., S. 41206053 Barron-Hulsman-Hall House Unknown Structure of Merit 186 Rincon Ave., E. 41206067 None -- moved in 1933 from Campbell Ave. Unknown Structure of Merit 212 Rincon Ave., E. 41206070 Nunes House Unknown Structure of Merit 176 Rincon Ave., E. 41206079 None Unknown Structure of Merit 1 Campbell Ave., W. 30522040
Campbell Union High School / Community Center -- Est.
by Ord. 1634 Listed Structure of Merit
200 Campbell Ave., W. 30531025 Charles A. & Georgie (Fraiser) Jones House Unknown Structure of Merit 20 Union Ave. 41210021 Barron House Unknown Structure of Merit Item 8.2
Tuesday, June 02, 2026 121 of 280
City Council Ordinance No.

PLN-2025-170 – SB 79 Site Exclusions Page 8 of 8
Historic Resource Inventory
Site
Number Street Address APN Historic Name
State Register
Status
Local Historic Register
Designation
167 Harrison Ave., N. 27940043 Joe & Francis Meckler House Unknown Structure of Merit 149 Harrison Ave., N. 27940045 Abe Johnson House Unknown Structure of Merit 142 Central Ave., N. 27940050 Watson/Townsend House Listed Structure of Merit 91 First St., N. 27941032 None Unknown Structure of Merit 63 First St., N. 27941055 Lena Swope Davis House Unknown Structure of Merit 131 First St., N. 27941065 Ethel Swope Davis House Unknown Structure of Merit 0 First St., N. 41206039 M. M. Green/Ben Austin House Unknown Structure of Merit 131 Sunnyside Ave. 41204040 Barbano/Matt & Gose Tusup House Unknown Structure of Merit 157 Rincon Ave., E. 41206021 Mission Church of St. Lucy Unknown Structure of Merit Additional Documentation:

1. Historic Resource Inventory (PDF):
https://www.campbellca.gov/DocumentCenter/View/5868/Historic-Resource-Inventory-?bidId=

2. Historic Resource Inventory (Excel):
https://www.campbellca.gov/DocumentCenter/View/27217/Historic-Resource-Inventory-Excel Item 8.2
Tuesday, June 02, 2026 122 of 280
Exhibit C – SB 79 Study Area
https://www.campbellca.gov/DocumentCenter/View/29675/SB79-Study-Area-051926 Item 8.2
Tuesday, June 02, 2026 123 of 280
Bascom
Station
HamiltonStation
CampbellStation
WinchesterStation

FALLBROOK AVE

PARKWEST DR

VIA MONTALVO

SPRUANCE CT

ACAPULCO DR

LEMOYNE WAY

RINCON AVE

VIA CODORNIZ

VALERIE DR

LUJOSO CT

FRUITDALE AVE

IMPALA DR

CADILLAC DR

PAYNE AVE

FIRESIDE DR

WALGROVE WAY

WILLIAMS RD

GREENTREE WAY

BLACKFORD LN
ARCRD

LOMA VERDE DR

BENJAMIN CT

WILLIAMSBURG DR

VIA DESTE

ST ANTHONY DR

COMPTON CT

WHITETHORNE DR

STOKES ST

PAMLAR AVE

EISENHOWER DR

MCBAIN AVE

CHERRY GROVE DR

DRIFTWOOD DR

PATIO DR

DRY CREEK RD

HUXLEY CT

CURTNER AVE

APRIL WAY

WILLOWHURST AVE

UNION AVE

DAVID AVE

STOCKBRIDGE DR

E LATIMER AVE

MORELAND WAY

DARRYL DR

LENN DR

CASTLEMONT AVE

LLEWELLYN AVE

LATIMER AVE

SOMERSET DR

MERIDIAN AVE

LEIGH AVE

S WINCHESTER BLVD

COLOMBO DR

CAMBRIAN DR

DELL AVE

DOWNING AVE

HURST AVE

NEW JERSEY AVE

TURNWOOD CT

ALTA GLEN DR

EL PATIODR

SAN TOMAS EXPY

WILLOWBRAE AVE

KEESLING AVE

BIRCH ST

MARILYN DR

TANKIT DR

GATON DR

GALE DR

WESTMONT AVE

BECK DR

COMPTON LN

MICHAEL DR

CLOVERDALE LN

BARKWOOD WAY

CARLYN AVE

W HACIENDA AVE

RICKENBACKER ST

BESS CT

CAROLA AVE

BONGATE CT

LAMORE DR

MENDENHALL DR

PARSONS AVE

CENTRAL PARK DR

GREENBAY CT

VANDERBILT DR

ALMARIDA DR

MARIA WAY

CREEKSIDE WAY

N SAN TOMAS AQUINO RD
GAYAVE

LOS GATOS CREEKTRAIL

MAUNEY CT
LOS
ALAMOS
DR

DE LOACH CT

VALLEJO DR

WEIBEL WAY

HAZEL AVE

N MIDWAY ST

THORNTON WAY

ARAM AVE

COLONIAL WAY PINEHURST SQ

DOGWOOD CT

LOTTIE LN

CHE R RYWOODSQ

MCCOY AVE

CAXTON CT

CHALET WOODS PL

BEDAL PARK CT

CONSTITUTION DR

HAMILTON PL

OLIVA LN

BAYLEAF CT

WESTFIELD AVE

WESTON DR

CIRONE WAY

AINSLEY PARK DR

SOUTHWEST EXPY

PHOENIX CT

VIRGINIA AVE

E RINCON AVE

ALEX DR

MOUNT VERNON DR

SAM CAVALN

VIA CARMEN

CYPRESS LN

SONADOR CM

WENTE WAY

NLEIGH AVE

S MIDWAY ST
ION CT

SPRUANCE ST

HARRIS AVE

SUNNYSIDE AVE
PVT CT

L AGE DR

TOLWORTH DR

LANTZ AVE

E CAMPBELL AVE

PLATFORM WAY

WENTEPL

ARNOLD WAY

SUN GL O RY LN
ASH CT

BUCKNALL RD

W CAMPBELL AVE

PHELPS AVE

YORK AVE
S 3RD ST

SUNKIST WAY

CONSTITUTION CT

REDBUD CT

W LATIMER AVE

GINGER LN

KEENAN WAY

SONUCA CT

S SAN TOMAS AQUINO RD

WALNUT DR

PENNY LN

VAN SANSUL AVE

SUNBERRY DR

PEACHTREE CT

HONEYDEW WAY

SHAYNOR CT

MERRIVALE WESTSQ

LOMA VERDECND ACCESS

CENTURY DR

DONOVAN CT

ORCHARD CITY DR

MILLICH LN

HARRIET AVE

BRAXTON TER

ANGELA CT

GRACE CT

CHANDON CT

CANNERY CIR

GREYLANDS DR

TOMASINA CT

OLYMPIAAVE

ARROYO SECO DR

EL PATIO CT

WYLIE WAY

BOXCAR DR

PILAND DR

YELLOWSTONE DR

DILLARD CT

CHIVAS PL

BELLE TERRE CT

DREAMLAND WAY

TORERO PLAZA

WAINWRIGHT DR

FENIAN DR
N 3RD ST

PYRAMID CT

ALPHA CT

CHARMWOOD SQ

CORLISS WAY

S BASCOM AVE

DILLON AVE

GAMMA CT JUSTO CT

BETA CT

HARVESTER PL

HILTON AVE

GUNAR DR

SANFILIPPO CT

RICKY CT

SHEFFIELD CT

MOSSBROOK AV E

DARRYL CT

CHIVAS CT

BORELLO DR

CLARITA AVE

MONTEMAR WAY

PHOENIX DR

SOBRATO LN

LEXINGTONDR

RIO SERENA AVE

ESSEX WAY

CABANA DR

CALADO AVE

VALLEY FORGE WAY

NORTHAMPTON DR
S 2ND ST

MONA WAY

GOLDEN MEADOW SQ

W SAN TOMAS AQUINO RD
S 1ST ST

ECKER CT

HAMILTON AVE

UNNAMED ST

CAMPBELL AVE

LONGSHORE DR

GRACE AVE

BOISE DR

CIVIC CENTER DR

ROBWAY AVE

SUNNYSIDE CT

JOSEPHINE AVE

FAWN DR

SHAMROCK DR

CORA CT

MERRIMAC DR

WOODLAWN AVE

O R CHARD OAK CIR

NORMAN AVE

CUSTER DR

HERITAGE PL

KIRKLYN DR

STFRANCIS DR

CLIFTON AVE

VERONICA PL

PORGY PL

BERINGER CT

SWEETBRIAR DR

MERLONE CT

EDEN AVE

WHITEHALL AV

BRAEBURN CT

SAN GABRIELWAY

CANELA PL
MASSIH
CT

PHANTOM AVE

LUIKA PL
EVA CT

SANFORD AVE

VIZCAYA CIR

GREENCREEK DR

PETER CT

SONUCA AVE

SOBRATO CT

ROSEMARY LN

SHEFFIELD AVE

SAVERIO CT

SUNLAND CT

JONATHAN CT

FETZER CIR

MONICA LN

MONTE CARLO WAY

LINDBERGH AVE

SMITH AVE

E MCGLINCY LN

THUNDERBIRD WAY

CAROLA CT

HILTON CT

MOSSBR O OK C RI

WESTMORELAND CT

PATIO CT

ARCHER CT

SPAICH DR

LAMONT CT

CRESTMONT DR

SHEREEN PL

ANTONIO LN

MCKINNON CT

PIMENTON PL

SAN TOMAS AQUINO RD

GREENBRIAR AVE

LADYWOOD CT

CAMINO CERRADO

CHERRY BLOSSOM LN

GLENN AVE

KEN CIR

SOBRATO WAY

BISMARCK DR

FR IAR WAY

PARKDALE DR

DELGADO CT

BEDAL LN

BLUEBIRDDR

MIDDLETOWN CT

TIMBER COVE DR

ORESTES WAY

MONTADITO PL

STANFIELD DR

RACHEL CT

MILLICH DR

EVERETT AVE

APPLEBLOSSOMLN

SAN TOMAS CT

PAYMAN PL

VIA CONTENTA

COLLEEN WAY

CHERRY LN

ANTHONY DR

INDUSTRIAL ST

PEGGY CT

DELLA CT

BUCKNAM CT

TWYLA CT

MARY CT

SOBRATO DR

MEMORY LN

DARIEN CT

SCENTRAL AVE

STONEHURST WAY

CAB O OSE LN

CALMA CT

OAK PARK LN

MILLICH CT

WILSON CT

WESTPARK DR

EN G LIS H ROSE CIR

QUAIL HOLLOW DR

REX CIR

UNION PL

PINE BRIDGE PL

CASTRO DR

ALLEGADO ALLEY

LANA CT

CAMEO CT

STUDENT LN

HEDEGARD AVE

E SUNNYOAKS AVE

PAULINE DR

S MONROE ST

ERIE WAY

JONES WAY

FAIRLANDS AVE

KAYLA CT

RAILWAY AVE

THERESAAVE

CAMEO DR

MCBAIN CT

ROSE CT

MAGGIO CT

CHALET WOODS CIR

S CLOVER AVE

GREENBRIAR CT

RIBBON DR

SHARON CT

BEA U LIEU CT

ASHLOCK CT

LOIS WAY

CERVANTES WAY

CASTRO CT
KIM CT

KIM LOUISE DR

S MCGLINCY LN

XAVIER CT

S GENEVIEVE LN

HACIENDA CT JEWELL DR

ROJO PL

MEADOWSCT

DRY CREEK CT

BENJAMIN AVE

WOODING CT

GILMAN AVE

ALBERT WAY

VIZCAYA WAY

LOMA PARK DR

W SUNNYOAKS AVE

DRESSER CT

LA MIEL CT

LEIGH ANN PL

GINDEN DR

GLEASON AVE

BRONWEN WAY

CAMDEN AVE

SPRINGFIELD DR
N 2ND ST

KOCHER DR

SILACCI DR

VIA ROMA

CAVALIER CT

CHARMAIN DR

S LE GH A I VE

LITTLETON PL

INSKIP DR

NAUTILUS CT

RICKY DR

ARCHER WAY

NERO CT

SURREY PL

N PETER DR

INWOOD DR

CAPRI DR

DEL ROYCT

KENNEDY AVE

QUANTICO CT

SOMERSWORTH DR

DEL PRADO DR

PICADILLYPL

ALBERTSTONE DR

MANX AVE

FREDA CT

BUDD C T

CURTNERGLEN CT

NORIN CT

ARDILLA
CT

ROMERO ST

GWEN DR

MONETA WAY

FLAMINGO DR

VIA CRISTOBAL

NORSTAD ST

WELLINGTON PL

SCHRADER DR

SALMAR AVE

RUNNYMEDE DR

NEVILLE AVE

LA VONNE DR

KAMSON WAY

HUERTO DR

CARAVELLA DR

PARKHURST DR

FIERROLOOP

MARATHON DR

B ETH WAY

ADRIEN DR

ALLERTONLOOP

BUCKNAM AVE

WREN WAY

VIA RANCHERO

MONTEZUMA DR

WHITEHALL AVE

THERESA LN

LOMA PARKCT

CULLEN CT

SAFFLE CT

HERITAGE DR

ROSALIA AVE

VIA NAPOLI

E HAMILTON AVE

NICHOLAS DR

TWYLA LN

MILLBROOK CT

KENPARK CT

NELLO DR

YUKON WAY

LAWNDALE AVE

CANARY LN

LE BAIN DR

DUNCANVILLE CT

FLORA AVE

ASSUNTA WAY

ENSENADA DR

VILLARITA DR

WALDO RD GLADYS WAY

DUNSTER DR

KENNETH ST

HOCKING WAY

LAURA DR

ABBEY LN

REDOAKS DR

HARTLEY CT

ST LAWRENCE DR

KLAMATH DR

WOODFLOWER WAY

ABINANTE LN

CHRISTOPHER AVE

WINSLOW CT

LA MIEL WAY

BUDD AVE

MEMPHIS DR

SADIE CT

LU ANNE DR

HAZELWOOD AVE

CHARLESTON DR

AINSLEY CT

YUBA AVE

PENWITH AVE

SHULMAN AVE

LINDA DR

N CENTRAL AVE

KIRKMONTDR

BOYNTON AVE

ABBEY CT

JASMINE CT
N 1ST ST

MANCHESTER AVE

FRONTIER WAY

SYDNOR DR

W HAMILTON AVE

LAURANCEHILL CT

BEN HUR CT

NIDO DR

BENT DR

SUNSWEET WAY

BEVERLY CT

S PETER DR

TRAVIATA PL

PEGGY AVE

PAGE ST

LA CON CT

DOVER WAY

INWOOD CT

PAULA DR

ST PAUL DR

EVORA DR

REDEN DR
S 4TH ST

TUBBY ST

MAYKIRK RD

SUNNYPARK CT

POPLAR AVE

ADLER AVE

BARBANO AVE

WHITWOOD LN

DALLAS DR

SUNNYARBORCT

SHADLE AVE

CALADO CT

HORACE AVE

CRAIG AVE

RADFORD DR

PARKVIEW AVE

HUERTO CT

ONTARIO LN

VIOLET WAY

DE TRACEY ST

JOSEPH AVE

HARRIS CT

MANTON CT

AMATO AVE

TRAILBLAZER PL

ERIN WAY

GLENBLAIR WAY

DRY CREEK WAY

SA LMAR TER

GRANT ST

LORELEI CT

CAPE COD CT

CALIFORNIA ST

QUEBECWAY

MORRIS LN

PATRICIA CT

LYLE LN

C OUN TRYWOOD CT

WALTERS AVE

VICTOR AVE

GREENW CI HCT

QUEENS CT

MAYWOOD AVE

FOOTE AVE

MONTAVO PL

GRAHAM DR KINGS CT

JEFFERS WAY

DEL OROCT

WOODGROVE SQ

FAWN CT

HERBERT LN

DECORAH LN

BRIARWOOD WAY

GOMES CT

SUPERIOR DR

WESTMORELAND DR

ROBINRIDGE WAY

REGALO CT

HICKORY CT

SALICE WAY

DUVALL DR

PARQUET CT

VALERIE CT

MICHELLE DR

EBBETS DR

TIOGA WAY

REGAS DR

ONTARIO DR

FILBERT WAY

S DAN EL WA I Y

LOUISE CT

HAMILTON PARK DR

SCOTT CT

SHEILA CT

REGINA WAY

ELAM AVE

BUDDLAWN WAY

KEITH DR

RAMITA CT

WELKER CT

PECAN WAY

SUNNYMEAD CT

SUNNYLAKE CT

DE CARLI CT

ARNOTT WAY

SUNNYGATE CT

HARRISON AVE

KENNETH AVE

JOHN KIRK CT

CONNIE DR

NADINE DR

SCHOOLDALE DR

VIA SALICE

FORMANDR

WAGON WAY

ALICE AVE

RUE MONTAGNE

WEKIVA AVE

TEAKWOOD DR

CAMPISI WAY

BUENA LUNA CT

MAXIMIL IAN DR

SALERNO DR

ABBOTT AVE
IDA DR

WHITE OAKS RD

VIA CANCION

RIDGELEY DR

OLD ORCHARD RD

JIM ELDER DR

ALEGRIA LOOP

BRADDOCK CT

WESTCHESTERDR

MIDDLETOWN DR

MALLEY WAY

MAPLE AVE

SHARMON PALMS LN

DELNA MANOR LN

LOST LAKE LN

MARGARET LN

LAPRADERA DR

HIGHLAND PARK LN

HAWTHORNE AVE

BURROWS RD

SAN TOMAS AQUINO PKWY

MARINA WAY

WILTON DR

NIAGARA DR

FOXHA LLLOOP

W RINCON AVE

S BAYWOOD AVE

SCHUBERT AVE

NM LTON I AVE

BLAND AVE

FINCH DR

MORRENE DR

E ROSEMARY LN

HOLLIS AVE

CRONWELL DR

VERNAL DR

WATSON DR

ELDEN DR

LISA WAY

SAN ARDODR

LOVELL AVE

MCKINNON DR

SANTA INEZ DR

WENDELL DR

DORVAL DR

CASSIAR DR

HAYFORD DR

SPENO DR

RAVENSCOURT AV

VIA MILANO

PRICE WAY

BRANBURY DR

MARIANNA WAY

CROCKETT AVE

COVENTRY DR

SONDRA WAY

SMILTON AVE

TURNER WAY

MUNRO AVE

WARWICK DR

DENVER DR

NORWICH WAY

WEST VALLEY DR

PALO SANTO DR

MADOC WAY

POMPEY DR

TILBURY DR

DOT AVE

NEET AVE

MERRY LN

GRIMSBY DR

NOTTINGHAM WAY

DOLORES DR

VERWOOD DR

E HACIENDAAVE

EL SOLYO AVE

ECHO AVE

CHAMBERLIN CT

LA T IMERCIR
POE LN

VL SQUARE LN

HUNT WAY

VALLEY SQUAREDR

JANE ANN WAY

EL MORO DR

SUMMERFIELD DR

LOYALTON DR

KENDRA WAY

ROBIN LN

APRICOT AVE

NORMANDY DR

KUEHNIS DR

RICHLEE DR

EMORY AVE

KOBARA LN

JEFFREY AVE

KIRBY WAY

ESTHER AVE

SHADY DALE AVE

EL CAMINITO AVE

LENOR WAY

HARDY AVE

WROSEMARY LN

FEWTRELL DR

CATALPA LN

LINDAIRE AVE

CAMPBELL TECHNOLOGY PKWY

EMPEY WAY

WALDEN SQ

DEL MAR AVE

MARAVILLA CT
§¨¦17
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Miles
0 0.25 0.5

SAN JOSE

LOS GATOS

SAN JOSE
SB79 STUDY AREA CHANGES

CITY OF CAMPBELL
Parcels Addition (6)Parcels Removal (2)Pedestrian Access PointParcels Within 200 Foot BufferParcels Within 1/4 Mile BufferParcels Within 1/2 Mike Buffer 3DUFHOV&KDQJHG&DWHJRU\
Disclaimer: For illustrative purposes only. Map and parcel boundaries are approximate and not survey-level accurate. This map should not be relied upon to determine precise eligibility or compliance with distance-based requirements. Revised: May 2026 Item 8.2
Tuesday, June 02, 2026 124 of 280
Item 8.2
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City Council Report
DATE: June 2, 2026
TITLE: Public Hearing to Consider Adoption of an Ordinance to Extend Interim Ordinance No. 2331 Which Established Urgency Measures in Response to the 2018 Small Cell Order (FCC 18-133) by the Federal Communications Commission (File No. PLN-2025-50) (Ordinance / Roll Call Vote)
RECOMMENDED ACTION:

That the City Council adopt an Ordinance, extending Interim Ordinance No. 2331, which established urgency measures in response to the 2018 Small Cell Order (FCC 18-133) by the Federal Communications Commission.

BACKGROUND
Following the adoption of the City’s Wireless Ordinance in 2017, the Federal Communications Commission (FCC) issued a Declaratory Ruling and Third Report and Order (FCC-18-133), also known as the “2018 Small Cell Order,” which significantly limited local authority over the siting and regulation of wireless facilities.

Since the City’s Wireless Ordinance pre-dated the 2018 Small Cell Order, the City’s outdated permit processes have complicated the review and decision-making process for applications of new wireless communications facilities.

In response, the City Council adopted Interim Ordinance No. 2331 on July 1, 2025, which established urgency measures to bring local regulations into compliance with federal law while providing time to develop permanent policies. Because interim ordinances are initially effective for no more than 45 days, staff returned to the City Council on August 4, 2025, to request and receive an extension of the Interim Ordinance for an additional 10 months and 15 days, which is set to expire on June 19, 2026.

DISCUSSION
The subject item would extend the City’s Urgency Measures, as established by Interim Ordinance No. 2326, for one additional year, or until superseded by permanent standards, whichever occurs first. If the Ordinance is not extended, it will expire on June 19, 2026.

Staff recommends the City Council adopt the proposed extension for the maximum allowable duration, or until replaced by a permanent ordinance, whichever occurs first.

This will allow time to develop permanent regulations informed by stakeholder input.

Item 8.3
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Government Code Section 65858(d) Report
Government Code Section 65858(d) requires the City Council to issue a written report at least 10 days before the expiration or extension of any interim ordinance, describing the measures taken to address the conditions that led to its adoption.

Consistent with this requirement, the measures taken are documented in the extension ordinance and generally include adopting and processing permits under the interim ordinance, reviewing development standards for consistency with federal requirements, consulting the City Attorney’s Office on necessary updates, conducting a study to prepare a permanent, legally defensible ordinance, publishing a dedicated project page on the City website, and reviewing and responding to public feedback received to date.

PUBLIC FEEDBACK
At the time this report was prepared, eleven (11) public comments had been received and are being considered in the development of the permanent ordinance. Additional community engagement is expected to occur and through review of individual project applications under the discretionary processes outlined in Interim Ordinance No. 2331.

ENVIRONMENTAL DETERMINATION
Staff recommends that the City Council accept the determination that the adoption of this extension ordinance is not a “project” under CEQA Guidelines Section 15378, as it has no potential to cause a direct or reasonably foreseeable indirect physical change in the environment. This ordinance extends the effective period of Ordinance No. 2331 which established urgency measures to align the City’s regulations with federal requirements, including the FCC’s 2018 Small Cell Order, and does not authorize new development or physical alterations.

Additionally, if the adoption of this ordinance were considered a “project” under CEQA, staff further recommends that the Council find it exempt under the common sense exemption (Section 15061(b)(3)) because it can be seen with certainty that the ordinance will not result in significant environmental impacts, and find that the ordinance also qualifies for a categorical exemption under Section 15308, as it is a regulatory action taken to protect the environment while permanent regulations are developed.

FISCAL IMPACT
Because the interim ordinance allows more permits to be processed administratively, extending its effective period is expected to result in a modest ongoing reduction in permit fee revenue for the duration of the extension.

NEXT STEPS
If the extension is approved, staff will:
• Engage with stakeholders, including representatives of the wireless industry, business owners, and community members in development of a new permanent Wireless Communication Facilities Ordinance.
• Develop and return with regulatory recommendations for City Council consideration within the effective period of the Interim Ordinance, targeting the end Item 8.3
Tuesday, June 02, 2026 127 of 280

of this Calendar year.

ALTERNATIVES

1. Take no action allowing Interim Ordinance No. 2331 to expire on June 19, 2026. [Note: This action is not recommended by staff since it would not provide adequate time for the City to develop and adopt permanent policies to replace those established by the Interim Ordinance.]
PREPARED BY: Stephen Rose, Senior Planner
Item 8.3
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Report Approval Details
Document Title: Extending Wireless Interim Ordinance.docx Attachments: Attachment 1 - Extending Ordinance.docx
Attachment 2 - CC Ordinance 2331.pdf
Attachment 3 - CC Ordinance 2333.pdf
Attachment 4 - Public Comments.pdf
Final Approval Date: May 27, 2026
This document and all of its attachments were approved and signed as outlined below:

Item 8.3
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ORDINANCE NO. _____

BEING AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF CAMPBELL EXTENDING URGENCY MEASURES IN RESPONSE TO THE 2018 SMALL CELL ORDER (FCC 18-133) ISSUED BY THE FEDERAL COMMUNICATIONS COMMISSION. (FILE NO. PLN-2025-50)
WHEREAS, on September 19, 2017, the City Council adopted Ordinance No. 2226, which repealed the former, and enacted the current, Chapter 21.34 – Wireless Communications Facilities of the Campbell Municipal Code, which sets forth the City’s standards and procedures for the permitting and regulation of wireless communications facilities on private property in conjunction with the City’s adopted Wireless Facility Design Requirements, which were separately adopted by City Council Resolution No. 12226 on September 5, 2017;
WHEREAS, subsequent to the adoption of Ordinance No. 2226, the Federal Communications Commission issued its Declaratory Ruling and Third Report and Order (FCC 18-133), also known as the “2018 Small Cell Order,” which took effect on January 14, 2019, and significantly limited local authority over the siting, placement, and operation of wireless facilities;
WHEREAS, although the 2018 Small Cell Order primarily addresses installations within the public rights-of-way, it also affects private property by broadly interpreting the “effective prohibition” clause under the Federal Telecommunications Act. As a result, local jurisdictions must waive or modify development standards, including height limits and placement requirements, if those standards are found to “materially inhibit” the provision of wireless service, thereby restricting the City’s ability to enforce existing regulations and protect community character and ensure community benefits;
WHEREAS, pursuant to California Government Code section 65858 and Campbell Municipal Code Section 21.60.090, the City Council is authorized to adopt interim ordinances as urgency measures to protect the public health, safety, and welfare, upon finding that there is a current and immediate threat to the public health, safety, or welfare, and that the approval of additional permits or entitlements would result in that threat; WHEREAS, without interim regulations in place, the City may be forced to process wireless facility applications under outdated or legally vulnerable standards, potentially resulting in adverse aesthetic, environmental, and community impacts, and limiting the City’s ability to mitigate these concerns;
WHEREAS, on July 1, 2025, the City Council adopted Interim Ordinance No. 2331 to temporarily align the City’s wireless facility permitting process with federal law while permanent updates to local regulations are prepared;
WHEREAS, on August 4, 2025, the City Council adopted Interim Ordinance No. 2333, extending Interim Ordinance No. 2331 for 10 months and fifteen days, or until it is superseded by adoption of a superseding ordinance, whichever comes first; Item 8.3
Tuesday, June 02, 2026 130 of 280

Page 2 of 4 ends

WHEREAS, the Community Development Department is currently conducting a study to update the City’s zoning provisions to ensure consistency with current law and to safeguard the public health, safety, and welfare. This study is expected to be completed within a reasonable time, not to exceed the duration of this interim extension, or until a permanent ordinance is adopted, whichever occurs first;
WHEREAS, Government Code Section 65858 authorizes the City Council to extend an interim ordinance for an additional year following public notice and a duly held public hearing;
WHEREAS, this matter was duly noticed and considered at a public hearing in accordance with applicable law;
WHEREAS, Government Code Section 65858(d) requires the City Council to issue a written report at least ten (10) days prior to the expiration or extension of any interim ordinance, describing the measures taken to address the conditions that led to its adoption; WHEREAS, this extension ordinance itself documents the measures taken by the City to implement Interim Ordinance No. 2331, including permit processing, legal review, public engagement, and studies conducted in preparation for permanent regulations; WHEREAS, the City has continued to review and process wireless facility permit applications under the provisions of Interim Ordinance No. 2331 to ensure compliance with federal requirements while maintaining oversight of development standards; WHEREAS, the City has consulted with the City Attorney’s Office regarding potential updates to the Campbell Municipal Code to ensure that any permanent ordinance will be legally defensible and consistent with federal and state law; WHEREAS, the City has published and maintained a dedicated project webpage to provide information, updates, and transparency regarding the development of permanent wireless facility regulations;
WHEREAS, the City has actively reviewed public feedback received to date and has incorporated input where appropriate to inform the drafting of permanent regulations; WHEREAS, the extension of Interim Ordinance No. 2331 will allow the City sufficient time to complete the study, conduct further community engagement, and prepare a permanent ordinance that addresses legal requirements, public input, and the City’s planning objectives;
WHEREAS, the City Council finds that documenting these ongoing efforts in this extension ordinance provides a clear record of the City’s proactive measures to preserve public health, safety, and welfare while permanent regulations are finalized; WHEREAS, the City Council finds that extending Interim Ordinance No. 2331 is necessary to preserve legally defensible local regulations consistent with federal law, while Item 8.3
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Page 3 of 4 ends

permanent regulations are developed and adopted through the standard legislative process; WHEREAS, based on the foregoing findings, the City Council further finds that an ongoing threat to public health, safety, or welfare remains, and that continued application of existing standards, requirements, and permitting procedures would exacerbate this threat.

These conditions, previously addressed by Interim Ordinance No. 2331, warrant its extension while permanent regulations are developed;
WHEREAS, the City Council finds and determines that extending Interim Ordinance No. 2331 would not be detrimental to the public interest, health, safety, convenience, or general welfare of the city and is internally consistent with other applicable provisions of the Campbell Municipal Code;
WHEREAS, the adoption of this ordinance does not constitute a “project” under CEQA Guidelines Section 15378, as it has no potential to cause either a direct or reasonably foreseeable indirect physical impact on the environment. Alternatively, if deemed a project, the ordinance may be found exempt under the common sense exemption (Section 15061(b)(3)), as it can be seen with certainty that no significant environmental impacts will result, and under Section 15308, as a regulatory action taken to protect the environment during the preparation of permanent regulations;

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

SECTION 1 (SEVERABILITY): If any section, subsection, sentence, clause, or phrase of this Ordinance is for any reason held to be invalid or unconstitutional by a decision of any court of competent jurisdiction, such decision shall not affect the validity of the remaining portions of the Ordinance. The City Council hereby declares that it would have passed this interim ordinance and each and every section, subsection, sentence, clause, or phrase not declared invalid or unconstitutional without regard to whether any portion of the ordinance would be subsequently declared invalid or unconstitutional.

SECTION 2 (CEQA): This Ordinance is not a “project” under CEQA Guidelines Section 15378. Alternatively, it is exempt under the common sense exemption (Section 15061(b)(3)) and Section 15308, as a regulatory action taken to protect the environment.

SECTION 3 (CONFORMANCE WITH LAW): Any provision of this Ordinance that conflicts with applicable state or federal law shall be interpreted and applied to achieve compliance.

The provisions of this Ordinance shall prevail over any inconsistent provision of the Campbell Municipal Code for the duration of its effectiveness.

SECTION 6 (EFFECTIVENESS): City Council Ordinance No. 2331 is hereby extended for a period of one year, commencing on June 19, 2026, the date City Council Ordinance No. 2333 Item 8.3
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would otherwise expire, and shall expire on June 19, 2027, or until it is superseded by adoption of permanent or superseding Ordinance, whichever comes first.

PASSED AND ADOPTED this _____ day of ____________, 2026 by the following roll call vote:

AYES: Councilmembers:

NOES: Councilmembers:

ABSENT: Councilmembers:

ABSTAIN: Councilmembers:

APPROVED:

Daniel E. Furtado, Mayor
ATTEST:

Andrea Sanders, City Clerk
Item 8.3
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ORDINANCE NO. 2331

BEING AN INTERIM ORDINANCE OF THE CITY COUNCIL OF THE CITY OF CAMPBELL ADOPTING URGENCY MEASURES IN RESPONSE TO THE 2018 SMALL CELL ORDER ( FCC 18- 133) BY THE FEDERAL COMMUNICATIONS COMMISSION FILE NO. PLN- 2024- 69)
WHEREAS, an September 19, 2017, the City Council adopted Ordinance No. 2226, which repealed the former, and enacted the current, Chapter 21. 34 — Wireless Communications Facilities of the Campbell Municipal Code, which sets forth the City' s standards and procedures for the permitting and regulation of wireless communications facilities on private property in conjunction with the City' s adopted Wireless Facility Design Requirements, which were separately adopted by City Council Resolution No. 1226 on September 5, 2017;
WHEREAS, subsequent to the adoption of Ordinance No. 2226, the Federal Communications Commission issued its Declaratory Ruling and Third Report and Order (FCC 18- 133), also known as the " 2018 Small Cell Order," which took effect on January 14, 2019, and significantly limited local authority over the siting and regulation of wireless facilities; WHEREAS, although the 2018 Small Cell Order primarily governs wireless facilities in the public rights -of -way, it also applies to installations on private property by adopting a broad interpretation of "effective prohibition" under the Federal Telecommunications Act. As a result, local governments are required to waive or modify standards, such as height limits and placement requirements, if applying those standards would " materially inhibit" the provision of wireless services. This significantly limits the City' s ability to deny or condition the approval ofwireless facilities that do not comply with existing local regulations-, WHEREAS, the City must act promptly to protect its regulatory authority and establish compliant yet effective local standards for the deployment of wireless facilities pending adoption of comprehensive permanent regulations;
WHEREAS, pursuant to California Government Code section 65858 and Campbell Municipal Code Section 21. 60. 090, the City Council is authorized to adopt interim ordinances as urgency measures to protect the public health, safety, and welfare, upon finding that there is a current and immediate threat to the public health, safety, or welfare, and that the approval of additional permits or entitlements would result in that threat; WHEREAS, the Planning Department is studying permanent revisions to Chapter

21. 34 of the Zoning Code to implement to protect the public safety, health:, and welfare, and better conform the Municipal Code provisions to current law-, WHEREAS, without immediate interim regulations, the City may be compelled to process applications under outdated or non -compliant provisions, potentially resulting in adverse aesthetic and environmental impacts and limiting the City' s ability to mitigate these concerns;
WHEREAS, the City Council finds that adoption of this Interim Ordinance is necessary

Page 1 of 4 ends

Item 8.3
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to establish clear, legally defensible local procedures, and standards consistent with FCC 18- 133 while permanent regulations are developed and adopted through the standard legislative process;
WHEREAS, the City Council finds that the urgency ordinance is necessary to avoid confusion, regulatory gaps, and legal uncertainty in the processing of wireless facility applications during this interim period;
WHEREAS, this interim ordinance serves to establish standards, requirements, and permitting procedures to allow for orderly deployment of wireless facilities, consistent with the 2018 Small Cell Order, while protecting the public peace, health, safety, or welfare in the City of Campbell,
WHEREAS, with the adoption of this Interim Ordinance, the City' s Wireless Facility Design Requirements would remain in effect;
WHEREAS, it is not the intent of this Interim Ordinance to adopt permanent standards, requirements, or permitting procedures. The City Council reserves the right to adopt permanent standards, requirements, and permitting procedures consistent with the 2018 Small Cell Order, and State and Federal Law, that will supersede those contained in this interim ordinance;
WHEREAS, considering the foregoing findings, the City Council further finds that there is a current and immediate threat to the public health, safety, or welfare, and that adherence to existing standards, requirements, and permitting procedures in conflict with this ordinance would result in that threat to public health, safety, or welfare; WHEREAS, based on the foregoing findings, the City Council further finds that there exists a current and immediate threat to the public health, safety, and welfare, and that the approval of additional subdivisions, use permits, variances, building permits, or any other applicable entitlement for use in conflict with this ordinance would exacerbate that threat; WHEREAS, this interim ordinance is not a " project" under the California Environmental Quality Act ( CEQA), pursuant to CEQA Guidelines Section 15378, because it does not have the potential to result in either a direct physical change in the environment or a reasonably foreseeable indirect physical change in the environment. Rather than facilitating new development or physical alterations, this ordinance updates the City' s existing regulatory framework to bring it into alignment with federal requirements, including the FCC' s 2018 Small Cell Order, which already preempts local discretion in key areas-, and WHEREAS, even if the ordinance were considered a project under CEQA, it is exempt from environmental review under the general rule stated in CEQA Guidelines Section 150,61 ( b) 1( 3), because it can be seen with certainty that there is no possibility the adoption of this ordinance may have a significant effect on the environment, in that it preserves the status quo and does not authorize any specific physical changes to the environment.

Page 2 of 4 ends

Item 8.3
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NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF CAMPBELL DOES HEREBY ORDAIN AS FOLLOWS:

SECTION I ( PURPOSE). The purpose of this Ordinance is to adopt interim amendments to Chapter 21. 34 ( Wireless Communication Facilities) of the Campbell Zoning Code in order to bring the City' s regulations into alignment with federal requirements established by the Federal Communications Commission' s 2018 Small Cell Order (FCC 18- 133), and to protect the public health, safety, and welfare while comprehensive permanent regulations are developed.

SECTION 2 ( INTERIM AMENDMENTS). The interim amendments to Chapter 21. 34 Wireless Communication Facilities) of the Campbell Zoning Code, as adopted by this Ordinance, are as set forth in Exhibit A with underlines ( underlines) indicating new text and strikeouts (& t4 eotAs) indicating deleted text.

SECTION 3 ( SUPERSEDE), The provisions of this Ordinance shall supersede and take precedence over any inconsistent provision of the Campbell Municipal Code to that extent necessary to effectuate the provisions of this Ordinance for the duration of its effectiveness.

SECTION 4 ( CEQA), This Ordinance is exempt from the California Environmental Quality Act CEQA) pursuant to CEQA Guidelines Sections 15378 and: 15061 ( b)( 3), as it does not have the potential to cause a physical change in the environment and it can be seen with certainty that it will not result in a significant environmental impact.

SECTION 5 ( ADMINISTRATION). This Ordinance shall be administered by the Community Development Director, who is hereby authorized to develop forms, policies, and regulations for the implementation of this Ordinance and interpret its provisions to achieve compliance with State or federal law. Where a disagreement with the Community Development Director's application of this Ordinance occurs, the procedures for an Interpretation provided in Section

21. 20. 030 ( Procedures for Interpretations) of the Zoning Code shall be followed, including the provisions for an appeal.

SECTION 6 ( SEVERABILITY). If any section, subsection, sentence, clause, or phrase of this Ordinance is for any reason held to be invalid or unconstitutional by a decision of any court of competent jurisdiction, such decision shall not affect the validity of the remaining portions of the Ordinance. The City Council hereby declares that it would have passed this interim ordinance and each and every section, subsection, sentence, clause, or phrase not declared invalid or unconstitutional without regard to whether any portion of the ordinance would be subsequently declared invalid or unconstitutional.

SECTION 7 ( APPLICATIONS IN PROGRESS): Notwithstanding Section 21. 01. 050. E ( Effect of Zoning Code Changes on Projects in Progress), this interim ordinance shall not apply to any application for a wireless communications facility that was filed with the Community Development Department and for which all required fees were paid before the effective date of this Ordinance.

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Item 8.3
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SECTION 8 ( PUBLICATION). The City Clerk shall cause this interim ordinance to be published at least once in a newspaper of general circulation within 15 days after its adoption in accordance with Government Code Section 36933.

SECTION 9 ( EFFECTIVENESS). This Ordinance shall become effective on July 1, 2025, and remain effective for a period of 45 days, unless subsequently extended by the City Council.

PASSED AND ADOPTED this 1st day of July, 2025 by the following rail call vote:

AYES: Councilmembers: Bybee, Hines, Scozzola, Furtado, Lopez NOES: Councilmembers: None
ABSENT: Councilmembers: None
ABSTAIN: Councilmembers- None
APPROVED:

Sergio Lopez, Mayor
ATTEST:''
Andrea Sanders, City Clerk

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Item 8.3
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Exhibit A
Chapter 21. 34 WIRELESS COMMUNICATIONS FACILITIES'

21. 34. 010 Purpose.

The purpose and intent of this Cha2ter is to provide a uniform and comprehensive set of standards for the orderly development of wireless communications facilities and to reasonably regulate, to the extent permitted by California and federal law, the placement, affixing, attachment, mounting, construction, erection, installation, siting, collocation, modification, relocation, development, use, operation, maintenance, and removal of wireless communications facilities in the City- 4C-ampb4l in a manner that protects and promotes public health, safety and welfare, and balances the benefits that flow from robust wireless services with the unique and historic character, aesthetics and local values of the City. The standards contained in this Cha2jjeLdaap1aE are designed to minimize the adverse visual impacts and operational effects of these facilities using appropriate design, siting and screening techniques while providing for the communications needs of residents, local business and government of the City and the region.

These regulations are not intended to, and shall not be interpreted or applied to:

A. Prohibit or effectively prohibit personal wireless services„ in violation of State or federal law- or B. Unreasonably discriminate among providers of functionally equivalent personal wireless services; or C. Regulate the placementtjnstallation, operation, collocation, modification or removal of wireless facilities on the basis of the environmental effects of RF emissions to the extent that such emissions comply with all applicable FCC regulations; or
D. Prohibit or effectively prohibit any collocation or modification that the City may not deny under Statemor federal law; or
E. Preempt any applicable Cai + a -State or federal law.

Ord. No. 2226, § 5( Exh. A- 1), 9- 19- 2017)

21. 34. 020 Applicability.

This Cha terela t applies to all wireless communications facilities including, without limitation, all new facilities, existing facilities, modifications to existing facilities, wireless transmission devices, support structures and related accessory equipment, unless exempted by Section 21. 34. 030 ( Exemptions).

Ord. No. 2226, § 5( Exh. A- 1), 9- 19- 2017)

21. 34. 030 Exemptions.

The following uses shall be exempt from the provisions of this , E; A. Any non- commercial communication service as defined 21. 34. 220G.Q.,,,,,,, Definitions . in Section .................................................................,...

Editor' s note( s)— Ord. No. 2226, § 4, adopted Sep. 19, 2017, repealed the former Ch. 21. 34, §§ 21. 34. 010-

21. 34. 230, and § 5( Exh. A- 1) enacted a new chapter as set out herein. The former Ch. 21. 34 pertained to wireless telecommunications facilities and derived from Ord. 1965, § 1, adopted in 1998; Ord. 2043, § 1, adopted in 2004; and Ord. 2070, § 1( Exh. A), adopted in 2006.

Campbell, California, Code of Ordinances
Supp. No. 40, 9/ 24)

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Campbell City CouncilJune 2, 2026

Campbell City Council
June 2, 2026