Dublin City Council
May 20, 2025

Agenda Item 5.7
DATE: May 20, 2025
TO: Honorable Mayor and City Councilmembers
FROM: Colleen Tribby, City Manager
SUBJECT: Payment Issuance Report and Electronic Funds Transfer Prepared by: Gloria Tai, Senior Finance Technician
EXECUTIVE SUMMARY:

The City Council will receive a listing of payments issued from April 1, 2025 – April 30, 2025, totaling $9,846,712.70.

STAFF RECOMMENDATION:

Receive the report.

FINANCIAL IMPACT:

Summary of Payments Issued
Report Period: April 1, 2025 – April 30, 2025
Total Number of Payments: 396
Total Amount of Payments: $9,846,712.70
DESCRIPTION:

The Payment Issuance Report (Attachment 1) provides a listing of all payments for the period beginning April 1, 2025, through April 30, 2025. This report is provided in accordance with the City Payments Policy adopted November 15, 2011 by Resolution No.189-11. The listing of payments has been reviewed in accordance with the policies for processing payments and expenditures.

The City’s practice of reporting payments to the City Council after the payments have been made is in compliance with California Government Code Sections 37208 (b) and (c), which allow for an agency to make payments without first being audited by the legislative body, as long as such payments are: 1) conforming to a budget approved by ordinance or resolution of the legislative body; and 2) presented to the legislative body for ratification and approval in the form of an audited comprehensive annual financial report. 494

STRATEGIC PLAN INITIATIVE:

None
NOTICING REQUIREMENTS/PUBLIC OUTREACH:

The City Council Agenda was posted.

ATTACHMENTS:
1) Payment Issuance Report for April 2025
495
Date Issued
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A4 PROMOTIONS & INCENTIVES PRINTING SERVICES- ST. PATRICK'S DAY FESTIVAL 501.09 City of Dublin
Payment Issuance Report
Print Date: 5/5/2025
Payments Dated 4/1/2025 through 4/30/2025

Payee Description Amount
AKSHAY ARORA ARORA TENNIS & FITNESS ACADEMY REC CLASS INSTRUCTOR 2,231.60 ADVANCED MOBILITY GROUP ANNUAL TRAFFIC SIGNAL SYSTEM SUPPORT DEC 2024 5,435.00 AECOM TECHNICAL SERVICES, INC. CEQA PREP FOR HEXCEL REDEV JAN-MAR 2025 1,264.61 A4 PROMOTIONS & INCENTIVES UPDATED BANNER FOR DUBLIN ARTS CENTER 62.32 A4 PROMOTIONS & INCENTIVES HOLIDAY HOME DECORATING SIGNS 114.64 ALPHA MEDIA LLC KKIQ/KUIC/KKKDV ST. PATRICK'S DAY FESTIVAL ADVERTISING MAR 2025 2,500.00 AMOSPRO ENTERPRISES, LLC STATE OF THE CITY PRODUCTION 4,995.00 ALL CITY MANAGEMENT SVCS INC CROSSING GUARD SERVICES - MAR 2ND-15TH 19,859.39 AT&T PSC-600M IPFLEX INTERNET 1,684.35
AT&T CVC AT&T IPFLEX VOIP LINE 1,505.91
AMY'S ENGRAVED SIGNS & AWARDS COUNCIL CHAMBER NAMEPLATES 406.27 AT&T 1GIG AT&T 2,174.10
AMY L. JONES REC CLASS INSTRUCTOR 835.20
BEST VERSION MEDIA, LLC MARKETING - EAST DUBLIN LIVING PRINT AD MAY 2025 408.30 BEST VERSION MEDIA, LLC MARKETING - EAST DUBLIN LIVING PRINT AD APR 2025 408.30 AT&T - CALNET 3 SERVICE TO PSC 03/01/2025 122.41
B&H FOTO & ELECTRONICS CORP EOC VIDEO WALL 20,996.48
AT&T 600M INTERNET CIVIC CENTER FIBER SERVICES 3,623.03 AT&T - CALNET 3 SERVICE TO CIVIC FIRE ALARM 03/01/2025 62.11 CALIFORNIA SPIRIT ELITE, INC. REC CLASS INSTRUCTOR 770.00 BKF ENGINEERS SAN RAMON/AMADOR VALLEY BLVD INTERSECTION IMPROVEMENTS JAN 2025 6,350.85 BRYCE CONSULTING, INC. HR CLASSIFICATION ANALYSIS 4,180.00 BIG O'TIRES #7 POLICE VEHICLE MAINTENANCE & REPAIRS 270.76 CDW GOVERNMENT INC CLOUDFLARE 2YR SUBSCRIPTION 22,694.72 CHRISTINE PETIT REC CLASS INSTRUCTOR 830.40
CARAHSOFT SOLARWINDS ANNUAL SUBSC - USER DEVICE TRACKER 962.35 CARBONIC SERVICE POOL CHEMICAL FOR PH BALANCE 309.91
CAPPSTONE, INC CONCESSION DEEP CLEANING/MAINTENANCE 1,168.00 CLAUDIA M. DUARTE-FLORES DPS VEHICLE WINDOW TINT 260.00 CONSOR NORTH AMERICA, INC. DEVELOPMENT MAP REVIEW FEB 2025 2,965.39 CONVERGEONE, INC. LIBRARY COMMUNITY ROOM AV UPGRADES 16,973.43 CONSOLIDATED ENGINEERING CONSTRUCTION INSPECTION STAFF AUGMENTATION MAY 2024 6,521.65 CONSOR NORTH AMERICA, INC. DEVELOPMENT MAP REVIEW JAN 2025 5,248.00 COMCAST COUNCIL AV RM BUSINESS CABLE 03/18-04/17/2025 124.70 COMCAST CIVIC CENTER 500M INTERNET 02/28/2025 2,540.57
DARREN PHILLIPS HERITAGE AND CULTURAL ARTS COMMISSION 3/13/25 50.00 DEPARTMENT OF JUSTICE ACCTNG OFFICE-CASHIERING UNI LIVESCAN FEES - NOV 2024 486.00 CRISTINA EDWARDS BASKETBALL COURT MURAL - DOLAN PARK 2,400.00 D HARRIS TOURS, INC SHUTTLE FOR ST. PATRICK'S DAY FESTIVAL 1,900.00 CORODATA SHREDDING, INC. SHRED BIN PICKUP FEB 2025 43.29 EAST BAY POOL SERVICE, INC. POOL MAINTENANCE 1,272.80
ELDORADO FORKLIFT CO. PCS SPECIAL EVENTS GOLF CART 22,258.37 DOCTOR DIESEL ANNUAL DIESEL TANK SERVS MAR 2025 6,170.00 EARL ANTHONY BOWLING, INC PBA TOUR SPONSORSHIP 1,000.00 DEPARTMENT OF JUSTICE ACCTNG OFFICE-CASHIERING UNI LIVESCAN FEES - FEB 2025 337.00 DIABLO PUBLICATIONS DIABLO MAGAZINE ADVERTISEMENT 4,035.00 GIRL SCOUTS CROSSROADS SUT RENTAL SECURITY DEPOSIT REFUND 750.00 GUANGHUI HAN TRAVEL REIMBURSEMENT - PLANNING COMMISSIONER ACADEMY 180.81 FASTSIGNS ST. PATRICK'S DAY FESTIVAL MAIN & PUB SCHEDULE SIGNS 292.16 GINA MARIE GARCIA-GABRIELL HERITAGE AND CULTURAL ARTS COMMISSION 3/13/25 50.00 EUROPEAN MOBILE WERKS POLICE VEHICLE MAINTENANCE & REPAIRS 2,482.15 I C M A 457 PLAN DEFERRED COMP 457: PE 03/21/2025 35,206.46 JEAN JOSEY EXPENSE REIMBURSEMENT - BRAY DELEGATION VISIT 47.57 HARRELL HARRIS PHOTOGRAPHY ST. PATRICK'S DAY FESTIVAL PHOTOGRAPHY SERVICE 3,300.00 GUANGHUI HAN PLANNING COMMISSION 03/25/2025 50.00
GUIDA DEVELOPMENT MAP REVIEW FEB 2025 920.00
JULIA HESTER RENTAL SECURITY DEPOSIT REFUND 634.00
KALANI WARE SCHAEFER BASKETBALL COURT MURAL ARTIST 2,400.00 JOY LIU ST. PATRICK'S DAY FESTIVAL 2025 & 5K RECAP VIDEO 660.00 JULIA H. TOMTANIA HERITAGE AND CULTURAL ARTS COMMISSION 3/13/25 50.00 JONH WU PLANNING COMMISSION 03/25/2025 50.00
JOSEPH THOMAS WASHINGTON II PCS COMMISSION 3/17/25 50.00 LIVERMORE-PLEASANTON UMPIRES ASSOCIATION ADULT BASKETBALL AND JR. WARRIOR OFFICIATING FEB 2025 12,230.00 LYNX TECHNOLOGIES, INC. GIS CONSULTING SERVICES - FEB 2025 4,425.00 LASER TECHNOLOGY INC. LIDAR SPEED MEASUREMENT DEVICE 6,940.24 LISA MARIE RIVERA MILEAGE REIMBURSEMENT -FEB 2025 31.78 KIMBERLY CALTON ST. PATRICK'S DAY FESTIVAL TEA COTTAGE REFUND 14.00 KRAMER WORKPLACE INVESTIGATIONS LEGAL SERVICES NOV-DEC 2024 2,867.00 NAVEENA TUKARAM RUDRAPADA HUMAN SERVICES COMMISSION 03/27/2025 50.00 MINUTEMAN PRESS FUN RUN EXTRA SIGNAGE 786.50
MNS ENGINEERS, INC. DEVELOPMENT AND PERMITS INSPECTION JAN 2025 29,757.75 METRO SERVICES INC. ST. PATRICK'S DAY FESTIVAL SECURITY 3,360.00 MICHAEL MCCORRISTON CONFERENCE REIMBURSEMENT - NLC CITY CONGRESSIONAL 221.74 Attachment 1
496
City of Dublin
Payment Issuance Report
Print Date: 5/5/2025
Payments Dated 4/1/2025 through 4/30/2025

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NOVANI, LLC. TRAFFIC OPERATING CENTER MAINTENANCE FEB 2025 550.00 PATRICK J. HENNESSEY ST. PATRICK'S DAY FESTIVAL PERFORMANCE 1,750.00 PG&E SERVICE TO SHANNON CENTER 02/26/2025 297.01
PAKPOUR CONSULTING GROUP, INC. FOREST PARK - CONSTRUCTION MANAGEMENT SERV FEB 2025 9,970.00 PAKPOUR CONSULTING GROUP, INC. FALLON SPORTS PARK - CONSTRUCTION MANAGEMENT SERV AUG 2024 2,500.00 PAGE & TURNBULL INC CAMP PARK SIGNS RELOCATION SERVICES 4,440.00 PAKPOUR CONSULTING GROUP, INC. FOREST PARK - CONSTRUCTION MANAGEMENT SERV JAN 2025 16,275.00 PG&E TRAFFIC VIDEO DETECTION CAMERA 33,044.42
PG&E SCHAEFER RANCH PARK 02/26/2025 274.93
PG&E DUBLIN SPORTS GROUND 02/27/2025 577.71
PG&E POLICE SERVICES 02/11/2025 13,590.93
PG&E SHANNON COMMUNITY CENTER 02/27/2025 663.49
PG&E SERVICE TO VARIOUS IRRIG 02/26/2025 51.87
PG&E LS2-A SERVICE TO AVB 02/28/2025 1,795.48
PG&E FIRE STATION 16 02/09/2025 2,161.82
PG&E POSITANO HILLS PARK 02/27/2025 129.56
PG&E TC1 SERVICE TO 6795 DOUGHERTY 03/03/2025 280.38
PG&E PASSATEMPO PARK 02/23/2025 97.74
PG&E SEAN DIAMOND PARK 02/25/2025 253.46
RENT FUN LLC SELF-SERVICE REC EQUIPMENT RENTAL LOCKERS 12,000.00 RICHARD THORNBURY PCS COMMISSION 3/17/25 50.00
PRADEEP ROUTRA PCS COMMISSION 3/17/25 50.00
QUADIENT LEASING USA, INC. NEOPOST MAIL MACHINE LEASE JAN 20-APR 19, 2025 1,282.75 PG&E SERVICE TO HPM 02/26/2025 900.51
PHOENIX GROUP INFO SYS. PARKING CITATIONS COLLECTED - FEB 2025 336.59 SELECT IMAGING CITY 5X7 NOTECARDS 424.18
SELECT IMAGING ANNUAL HOLIDAY COMMUNITY ORNAMENT 401.60 SELECT IMAGING MAGNETIC NAME BADGE FOR PLANNING COMMISSIONERS 186.38 SAN JOSE ICE COMPANY ICE TRAILER RENTAL FOR ST. PATRICK'S DAY FESTIVAL 1,843.50 SELECT IMAGING MAYOR NAME PLATES 121.52
ROBIN DEMARTINI ST. PATRICK'S DAY FESTIVAL PERFORMANCE 850.00 RRM DESIGN GROUP, A CA CORP LANDSCAPE PLAN CHECK & INSPECTIONS FEB 2025 1,863.75 SPEEDO CHECK SPEEDOMETER CALIBRATION 2025 980.00
SRINIVAS S BADAMI TRAVEL REIMBURSEMENT - MAR 2025 169.22 SNG & ASSOCIATES INC. DEVELOPMENT AND PERMITS PLAN REVIEW JAN 2025 12,247.25 SPECIAL EVENTS ST. PATRICK'S DAY FESTIVAL TENTING RENTALS 20,644.50 SHAMROCK OFFICE SOLUTIONS, LLC FILE 2399 SHAMROCK CONTRACT PAYMENT 02/16/2025 TO 03/15/2025 4,268.07 SHIR MARTIAL ARTS, LLC REC CLASS INSTRUCTOR 278.60
STERICYCLE, INC. STERICYCLE SUBSCRIPTION - APR 2025-MAR 2026 263.94 SUMIT ANEJA PCS COMMISSION 3/17/25 50.00
STANFORD HEALTH -VALLEYCARE OCCUPATIONAL MEDICAL TEST FEES & ERGO EVALUATIONS FEB 2025 3,755.50 STARCHASE LLC 2 VEHICLE MOUNTED LAUNCHING SYSTEM 24,704.17 SRINIVAS S BADAMI PLANNING COMMISSION 03/25/2025 50.00
ST. RAYMOND CATHOLIC CHURCH BOY SCOUT TROOP 905 BOYS SCOUT SERVICE HOURS - ST. PATRICK'S DAY FESTIVAL 3,000.00 TREASURER ALAMEDA COUNTY PARKING CITATIONS COLLECTED - FEB 2025 851.50 TREASURER ALAMEDA COUNTY GENERAL SERVICES AGENCY FUEL FEB 2025 17,138.50 TIMECLOCK PLUS, LLC. HARDWARE SUPPORT & MAINTENANCE 04/16/25-04/15/26 2,886.84 TOWN SQUARE PUBLICATIONS, LLC ADVERTISEMENT CHAMBER TOWN SQUARE PUBLICATION MAR 2025 695.00 SYED SAMEER SHABIR HAKIM PCS COMMISSION 3/17/25 50.00
THE ECOHERO SHOW, LLC. SCHOOL ASSEMBLIES FEB 2025 1,250.00 Payments Issued 4/1/2025 Total: 495,425.50
VASANTH R CHETAN HUMAN SERVICES COMMISSION 03/27/2025 50.00 WAHIDA I. RASHID PLANNING COMMISSION 03/25/2025 50.00
TRI-VALLEY COMMUNITY TV ST. PATRICK'S DAY FESTIVAL PARADE FILM/VIDEO 1,522.00 UNIVAR SOLUTIONS SODIUM HYPOCHLORITE POOL CHEMICAL 2,385.37 US BANK - PARS PARS: PE 03/21/2025 4,577.93
Payments Issued 4/2/2025 Total: 110,972.42
I C M A 401 PLAN DEFERRED COMP 401: PE 03/21/2025 1,575.31 INTERNAL REVENUE SERVICE FEDERAL WITHHOLDING: PE 3/21/25 537.71 CAL PERS PERS RETIREMENT PLAN: PE 3/21/25 100,335.79
HEALTHEQUITY, INC. HEALTHEQUITY: PE 03/21/2025 3,945.68 451.64A4 PROMOTIONS & INCENTIVES SHAMROCK 5K FUN RUN SIGNS & BANNER Payments Issued 4/3/2025 Total: 12,903.00
I C M A 457 PLAN DEFERRED COMP 457: PE 3/21/25 73.08
UNUM LIFE INS CO OF AMERICA LIFE AND AD&D PREMIUM - MAR 2025 12,650.15 EMPLOYMENT DEVELOPMENT DEPT CA STATE WITHHOLDING: PE 3/21/25 179.77 ALAMEDA CO SHERIFF'S OFFICE DPS POSTERS 679.77
ADAM JONATHAN LUMIA HUMAN SERVICES COMMISSION 03/27/2025 50.00 ADVANCED INTEGRATED PEST MANAGEMENT PEST MANAGEMENT MAR 2025 6,428.80 ALAMEDA CO SHERIFF'S OFFICE PROP 36 CARDS 34.17
ALAMEDA CO SHERIFF'S OFFICE DPS BUSINESS CARDS 48.46
ALAMEDA CO SHERIFF'S OFFICE DOMESTIC VIOLENCE PAMPHLETS 82.66 497
City of Dublin
Payment Issuance Report
Print Date: 5/5/2025
Payments Dated 4/1/2025 through 4/30/2025

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AMADOR VALLEY INDUSTRIES LLC TRASH SERVICES - CAMP PARKS MAR 2025 36,839.26 AT&T - CALNET 3 SERVICE TO WAVE 03/12/2025 121.93
ALAMEDA CO SHERIFF'S OFFICE OT CARDS & LEAVE CARDS 26.30 ALAMEDA COUNTY ENVIRONMENTAL HEALTH SB 1383 INSPECTIONS 2,436.00 AT&T - CALNET 3 SERVICE TO SR ALARM 03/12/2025 216.25
AT&T - CALNET 3 SERVICE TO CIVIC 03/12/2025 120.28
AT&T - CALNET 3 SERVICE TO 800 03/12/2025 0.06
AT&T - CALNET 3 SERVICE TO SHANNON 03/12/20025 272.41
AT&T - CALNET 3 SERVICE TO BLDG INSP 03/14/2025 31.65
AT&T - CALNET 3 SERVICE TO FSP FAX 03/14/2025 61.75
AT&T - CALNET 3 SERVICE TO FS18 03/14/2025 91.84
AT&T - CALNET 3 SERVICE TO CY FAX 03/14/2025 31.65
AT&T - CALNET 3 SERVICE TO PSC FIRE ALARM 03/14/2025 61.75 AT&T - CALNET 3 SERVICE TO LIBRARY 911 03/14/2025 31.65 AT&T - CALNET 3 SERVICE TO CY 03/14/2025 298.40
AT&T - CALNET 3 SERVICE TO CIVIC 03/27/2025 31.65
AT&T - CALNET 3 CLARK AVE 03/27/2025 31.65
AT&T - CALNET 3 SERVICE TO SHANNON FAX 03/27/2025 31.65 AT&T - CALNET 3 SERVICE TO FS16 03/27/2025 61.75
AT&T - CALNET 3 SERVICE TO ELEVATOR 3/14/2025 121.93
AT&T - CALNET 3 SERVICE TO FS2-3 03/26/2025 355.57
BALJEET SINGH SANGHA HUMAN SERVICES COMMISSION 03/27/2025 50.00 BAY ALARM COMPANY ALARM SERVICES CORP YARD APR 2025 320.16 AT&T - CALNET 3 SHANNON CENTER ALARM 93910633 03/12/2025 31.65 ATLAS COMMERCIAL PRODUCTS 200 SHANNON OUTDOOR FOLDING CHAIRS 7,631.06 AT&T - CALNET 3 SERVICE TO HERITAGE CTR BK UP 03/06/2025 67.12 AT&T - CALNET 3 HERITAGE 9391018979 03/14/2025 31.65
BLAISDELL'S BUSINESS PRODUCTS OFFICE SUPPLIES MAR 25 1,068.58 BAY ALARM COMPANY ALARM SERVICES HERITAGE APR 2025 500.13 BIG O'TIRES #7 POLICE VEHICLE MAINTENANCE & REPAIRS 564.30 BAY ALARM COMPANY ALARM SERVICES WAVE APR 2025 2,140.74 BAY ALARM COMPANY ALARM SERVICES SHANNON APR 2025 541.86 CDW GOVERNMENT INC SOLARWINDS MAINTENANCE TECH SUPPORT MAY 2025-2026 5,071.75 CDW GOVERNMENT INC MICROSOFT SUBSCRIPTIONS 1 YR 91,797.99 CARBONIC SERVICE POOL CHEMICAL FOR PH BALANCE 565.53
BRINKS, INC. ARMORED CAR SERVICE APR 2025 338.01
BRINKS, INC. ARMORED CAR SERVICE MAR 2025 7.22
COULSON & ASSOCIATES DEVELOPMENT AND PERMITS PLAN REVIEW OCT 2024 22,425.00 CREATIVE PRINT SOLUTIONS JR. POLICE OFFICER STICKERS 290.52 CLEARGOV INC. CAPITAL BUDGETING & RENEWAL MAR 2025-2026 18,993.20 CIVICA LAW GROUP APC SPECIAL COUNSEL LEGAL SERV. -CODE ENFORCEMENT FEB 2025 20,777.53 DREAM RIDE ELEVATOR ELEVATOR MAINTENANCE MAR 2025 538.40 DSRSD BILLING PERIOD: 1/16/25-3/15/25 20,497.84
DELL MARKETING L.P. C/O DELL USA L.P. 8 DELL RUGGED LAPTOPS - DPS 20,909.56 DELTA DENTAL OF CALIFORNIA DELTA DENTAL PREMIUM - MAR 2025 13,874.10 D HARRIS TOURS, INC SHUTTLE TRANSPORTATION FOR ST. PAT'S FESTIVAL 2,200.00 DC ELECTRIC GROUP INC. TRAFFIC SIGNAL REPAIRS SAN RAMON AMADOR VALLEY JAN 2025 32,935.51 ENGEO INC SCHAEFER RANCH GHAD-GHAD CONSULTING STAFF FEB 2025 4,975.80 ENTERPRISE RENT A CAR EAN SERVICES, LLC RENTAL CARS FOR DPS SIU - MAR 2025 2,382.96 ENGEO INC FALLON CROSSING GHAD-GHAD CONSULTING STAFF FEB 2025 5,767.60 ENGEO INC FALLON VILLAGE GHAD-GHAD CONSULTING STAFF FEB 2025 6,973.90 GURUJI CORP ST. PATRICK'S DAY FESTIVAL VENDOR REFUND 750.00 JOHN KNOX PRESBYTERIAN CHURCH SCOUTS #904 CLEANING SVCS FOR ST. PATS FESTIVAL 1,500.00 FEHR & PEERS EAST DUB. TRAFF. IMPACT FEE UPDATE PHS JAN 2025 1,437.19 GAWFCO ENT INC DEVELOPER DEPOSIT (DV0160) BALANCE REFUND 1,245.74 EVERYTHING GROWS INTERIOR LANDSCAPING INTERIOR PLANT CARE & MAINT.- APR 2025 250.36 FEHR & PEERS EAST DUB. TRAFF. IMPACT FEE UPDATE PHS DEC 2024 3,117.75 MEYERS NAVE FALLON VILLAGE GHAD - LEGAL SERVICES FEB 2025 100.50 MNS ENGINEERS, INC. DEVELOPMENT AND PERMITS INSPECTION FEB 2025 25,609.70 MCGUIRE AND HESTER DEVELOPER DEPOSIT (DV0165) BALANCE REFUND 3,883.45 MEYERS NAVE FALLON VILLAGE GHAD - LEGAL SERVICES JAN 2025 134.00 LANLOGIC INC. CISCO UMBRELLA 1,050.00
MCE CORPORATION MAINTENANCE SERVICES MAR 2025 - AMADOR PLZ PAVEMENT 43,209.00 PG&E STAGECOACH PARK 03/14/2025 61.15
PG&E DON BIDDLE COMMUNITY PARK 03/16/2025 350.56
PAKPOUR CONSULTING GROUP, INC. DEVELOPMENT AND PERMITS PLAN REVIEW FEB 2025 32,752.50 PG&E 6196 HORIZON PKWY M DONBIDDLE 03/16/2025 1,983.08
MODUS C/O VERIZON WIRELESS DEVELOPER DEPOSIT (DV0126) BALANCE REFUND 2,195.87 NICOLE WANZENRIED MILEAGE REIMBURSEMENT - MAR 2025 41.51 PG&E CITY HALL 02/28/2025 10,422.07
PG&E TED FAIRFIELD PARK 03/10/2025 77.19
PG&E DOUGHERTY LMD 1986-1 02/28/2025 247.64
PG&E HERITAGE MUSEUMS 02/26/2025 3,844.44
PG&E 6020 DUBLIN BLVD 1010865440 03/13/2025 123.97
PG&E PUBLIC SAFETY COMPLEX 02/11/2025 1,310.69
498
City of Dublin
Payment Issuance Report
Print Date: 5/5/2025
Payments Dated 4/1/2025 through 4/30/2025

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4/9/2025
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4/14/2025
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PG&E FALLON SPORTS PARK 03/05/2025 7,521.63
PG&E EMERALD GLEN PARK 03/09/2025 6,220.63
PG&E EAST DUBLIN SLD 1999-1 03/14/2025 14,358.62
PG&E CITYWIDE SLD 1983-1 02/12/2025 21,004.21
PG&E POLICE SERVICES 03/13/2025 7,892.56
PG&E PUBLIC SAFETY COMPLEX 03/14/2025 3,439.31
PG&E B1 ART LIGHT 7401 DUBLIN BLVD 03/02/2025 311.38
PG&E LANDSCAPING 03/06/2025 1,887.71
PG&E DEVANY SQUARE 03/11/2025 19.71
PG&E B1 7341 ROSAMOND HILLS CT 03/05/2025 15.25
PG&E ALAMO CREEK PARK 03/06/2025 97.94
PG&E BRAY COMMONS 03/11/2025 129.61
PG&E TRAFFIC SIGNALS 02/10/2025 11,317.88
PG&E STAGECOACH LMD 1983-2 03/14/2025 108.14
PG&E FIRE STATION 17 03/05/2025 1,878.95
PG&E TRAFFIC SIGNALS 03/10/2025 1,185.08
PG&E DOLAN PARK 03/11/2025 163.37
PG&E SANTA RITA LMD 1997-1 03/11/2025 105.48
PG&E FIRE STATION 18 03/11/2025 651.10
PG&E LIBRARY 02/27/2025 3,326.43
PG&E SENIOR CENTER 03/11/2025 2,349.65
PG&E THE WAVE 03/05/2025 40,918.78
PG&E LS2-A SERVICE TO ARN & MART 03/14/2025 100.62
PG&E LS2-A SERVICE TO CENTRAL 03/14/2025 4.72
RJN, INC. FALLON CROSSING GHAD - MAINTENANCE SVCS 2024 16,167.00 ROSE HUNT HUMAN SERVICES COMMISSION 03/27/2025 50.00
PROCURE AMERICA, INC UTILITIES SAVING STUDIES SERVICES APR 2023-2024 6,340.14 PLEASANTON EVENT RENTALS INC CLEANING OF RENTED LINENS DEC 2024 330.65 PLEASANTON EVENT RENTALS INC CLEANING OF RENTED LINENS CMO EVENTS 417.00 PLEASANTON EVENT RENTALS INC CLEANING OF RENTED LINENS JAN 2025 623.15 QUENCH USA, INC. WATER SERVICES D073045 APR 2025 634.15 REDWOOD TOXICOLOGY LAB. INC. TOXICOLOGY SERVICES 1,030.56 QUADIENT LEASING USA, INC. POSTAGE MACHINE LEASE - JAN 2025-APR 2025 210.57 QUENCH USA, INC. WATER SERVICES D073825 APR 2025 1,024.36 SELECT IMAGING NAME PLATE FOR BRAY GIFT 26.42
SHANNAN YOUNG CONFERENCE REIMBURSEMENT - COMMISSION HEARING 01/24/2025 146.66 SCHAEFER RANCH HOLDINGS, LLC DEVELOPER DEPOSIT (DV0043) BALANCE REFUND 41.27 SELECT IMAGING NAME TAG FOR HCAC COMMISSIONER 26.63
RRM DESIGN GROUP, A CA CORP DEVELOPMENT AND PERMITS PLAN REVIEW FEB 2025 618.75 SALESFORCE.COM, INC. SALESFORCE ANNUAL RENEWAL FOR HOMEKEEPER APP 7,198.04 SPECIAL EVENTS ST. PATRICK'S DAY FESTIVAL TENTING RENTALS 15,625.49 TIMECLOCK PLUS, LLC. TIMECLOCK PLUS ANNUAL LICENSE 4/16/25-4/15/26 8,997.00 SISTER CITIES INTERNATIONAL 2025 MEMBERSHIP DUES 7/1/25-6/30/26 810.00 SIYU HENNINGSEN HUMAN SERVICES COMMISSION 03/27/2025 50.00 SHAUN M CHILKOTOWSKY CONFERENCE REIMBURSEMENT - 2025 CPRS 1,306.95 SIMPLER SYSTEMS, INC SIMPLER SOFTWARE LICENSING SUPPORT - APRIL 1,500.00 VALERIE DEAM MC GRATH IRISH DANCERS ST. PATRICK'S DAY FESTIVAL PERFORMANCE 600.00 VIGILANT SOLUTIONS, LLC. ANNUAL FEE FOR LICENSE PLATE READERS 22,620.00 TOWNSEND PUBLIC AFFAIRS, INC GRANT STRATEGY AND WRITING SERVICES APR 2025 5,000.00 TRT NOIP DUBLIN, LP DEVELOPER DEPOSIT (DV0223) BALANCE REFUND 2,686.86 T-MOBILE USA, INC. CELL PHONE SERVICES THROUGH 03/20/2025 638.40 T-MOBILE USA, INC. PIO & PW CELL PHONE SERVICES THROUGH 03/20/2025 578.55 CAL PERS HEALTH PREMIUM HEALTH INSURANCE PREMIUM - APR 2025 192,724.57 Payments Issued 4/9/2025 Total: 192,724.57
Payments Issued 4/7/2025 Total: 691,716.00
VISION SERVICE PLAN - (CA) VISION INSURANCE PREMIUM - MAR 2025 2,262.54 XIN SHERRY HU EXPENSE REIMBURSEMENT - TRIVALLEY HAVEN COMMUNITY EVENT 127.19 Payments Issued 4/10/2025 Total: 205,548.38
EMPLOYMENT DEVELOPMENT DEPT CA STATE WITHHOLDING PE 04/04/2025 24,255.53 INTERNAL REVENUE SERVICE FEDERAL WITHHOLDING PE 04/04/2025 78,489.39 CAL PERS PERS RETIREMENT PLAN: PE 4/4/25 102,803.46
Payments Issued 4/11/2025 Total: 44,842.61
I C M A 457 PLAN DEFERRED COMP 457: PE 04/04/2025 35,746.21 US BANK - PARS PARS: PE 04/04/2025 3,638.77
HEALTHEQUITY, INC. HEALTHEQUITY: PE 04/04/2025 3,945.68 I C M A 401 PLAN DEFERRED COMP 401: PE 04/04/2025 1,511.95 A4 PROMOTIONS & INCENTIVES PRINTING SERVICES - WALL OF HEROS 37.06 A4 PROMOTIONS & INCENTIVES PRINTING SERVICES - ST. PATRICK'S DAY FESTIVAL 2,779.50 A4 PROMOTIONS & INCENTIVES PRINTING SERVICES - FARMER'S MARKETS 679.00 4LEAF INC. BUILDING INSPECTION & PLAN CHECK SERVICES MAR 2025 69,927.50 A4 PROMOTIONS & INCENTIVES PRINTING SERVICES - UPDATED FULL BANNER FOR DAC 160.42 499
City of Dublin
Payment Issuance Report
Print Date: 5/5/2025
Payments Dated 4/1/2025 through 4/30/2025

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ADITYA T. BABU CLUB V.I.P. VOLLEYBALL REC CLASS INSTRUCTOR 2,001.00 ANCHOR ENGINEERING, INC. INSPECTION SERVICES - DEV AND PERMITS FEB 2025 30,550.00 ANDREW RUSSELL CONFERENCE REIMBURSEMENT - CA LEAGUE OF CITIES 186.04 ALLIANT INSURANCE SVCS INC FACILITY RENTAL INSURANCE POLICY PMT QTR 1 9,358.00 AMY'S ENGRAVED SIGNS & AWARDS CDD NAME PLATES AND FRAME 213.38 ADR SERVICES, INC. LEGAL RETAINER 5,300.00
ALAMEDA COUNTY FIRE DEPARTMENT FIRE SERVICES APR 2025 1,483,859.50 CDW GOVERNMENT INC CISCO MERAKI MR44 - WIRELESS ACCESS POINT X25 23,151.62 CALIFORNIA SPIRIT ELITE, INC. CHEER PERFORMANCE AT SHAMROCK 5K FUN RUN 500.00 CARBONIC SERVICE POOL CHEMICAL FOR PH BALANCE 575.83
BIGGS CARDOSA ASSOCIATES, INC. CLOCK TOWER EVALUATION NOV 2024 1,984.50 BPXPRESS ANNUAL ST RESURFACING 2025 BPX PLANROOM & BID SETS 371.25 ARCHON ENERGY SOLUTIONS PERMIT REFUND BLDG-2023-02438 55.90 AVANTPAGE INC TRANSLATING SERVICES - FIRE NOTICES/LETTERS 244.57 EAST BAY POOL SERVICE, INC. POOL MAINTENANCE 11,081.30
DUBLIN CHEVROLET DPS 2025 CHEVROLET MALIBU - REPLACING 17D30 29,857.87 DUBLIN CHEVROLET DPS 2025 CHEVROLET MALIBU - REPLACING 15D42 29,784.11 DELL MARKETING L.P. C/O DELL USA L.P. 43" MONITOR 4K USB-C 896.36 CIVICA LAW GROUP APC SPECIAL COUNSEL LEGAL SERV.-CODE ENFORCEMENT MAR 2025 18,942.47 CHANDLER ASSET MANAGEMENT INVESTMENT CONSULTING SERVICES - MAR 2025 14,653.55 CHRISTINE PETIT REC CLASS INSTRUCTOR 906.00
FORD TIMING SHAMROCK 5K TIMING SERVICES REGISTRATION AND BIBS 3,725.45 GERMAN SHEPHERD RESCUE OF N. CA FACILITY RENTAL SECURITY DEPOSIT REFUND 500.00 FEHR & PEERS WESTERN DUBLIN TIF NOV 2024 6,284.25
FEHR & PEERS WESTERN DUBLIN TIF OCT 2024 5,882.75
EVERPRO KIDS REC CLASS INSTRUCTOR 716.40
FEHR & PEERS WESTERN DUBLIN TIF DEC 2024 3,874.50
HF&H CONSULTANTS, LLC SOLID WASTE FRANCHISE SUPPORT JAN 2025 33,991.25 JAY SPENCER FACILITY RENTAL SECURITY DEPOSIT REFUND 500.00 GUIDA ALAMO CREEK FENCE REPLACEMENT MAR 2025 10,912.00
HERC RENTALS INC. ELECTRICAL RENTALS FOR ST PATRICK'S DAY FESTIVAL 975.40 GRAY-BOWEN-SCOTT DUBLIN BLVD EXTENSION PROJECT MGMT SERV FEB 2025 4,623.85 GROUP 4 ARCHITECTURE, RESEARCH + PLANNING, INC. DAC PROFESSIONAL SERVICES OCT 2024 69,224.77 LISA MARIE RIVERA MILEAGE REIMBURSEMENT - MAR 2025 15.12 LIVERMORE-PLEASANTON UMPIRES ASSOCIATION ADULT BASKETBALL AND JR. WARRIOR OFFICIATING MAR 2025 7,320.00 LAMAR TRANSIT, LLC. ST. PATRICK'S DAY FESTIVAL ADVERTISING 3,861.00 KITTELSON & ASSOCIATES, INC. SB 743 VMT IMPLEMENTATION & MODEL UPDATE JAN 2025 8,040.00 KITTELSON & ASSOCIATES, INC. SB 743 VMT IMPLEMENTATION & MODEL UPDATE DEC 2024 670.00 MONETTE AU MILEAGE REIMBURSEMENT - MAR 2025 39.06
PAKPOUR CONSULTING GROUP, INC. CM/INSP. SVCS. SAFE ROUTES TO SCHOOL FEB 2025 18,815.22 MNS ENGINEERS, INC. IRON HORSE TRAIL BRIDGE CM OCT 2024 19,346.86 MNS ENGINEERS, INC. IRON HORSE TRAIL BRIDGE CM NOV 2024 3,622.92 MARK THOMAS & COMPANY, INC. IRON HORSE TRAIL DESIGN FEB 2025 3,350.83 MNS ENGINEERS, INC. IRON HORSE TRAIL BRIDGE CM AUG 2024 33,448.32 PRECISION DYNAMICS CORPORATION WATERPARK WRISTBANDS 1,341.72 PRIME TIME ENTERTAINMENT PCS SOUND RENTALS FOR ST PATRICK'S DAY FESTIVAL 7,490.00 PAKPOUR CONSULTING GROUP, INC. FSP FLAGPOLE DESIGN & CM SUPPORT FEB 2025 10,350.00 PLEASANTON EVENT RENTALS INC CLEANING OF RENTED LINENS SHANNON CENTER - SHANNON - 4/4/25 126.40 PAKPOUR CONSULTING GROUP, INC. FSP FLAGPOLE DESIGN & CM SUPPORT JAN 2025 5,290.00 PAKPOUR CONSULTING GROUP, INC. FSP FLAGPOLE DESIGN & CM SUPPORT MAR 2025 1,840.00 SMART WAVE TECHNOLOGIES, LLC RUCKUS T610 WIRELESS ACCESS POINT 1,499.04 SUAREZ & MUNOZ CONSTRUCTION FOREST PARK - CONSTRUCTION FEB 2025 205,517.30 SHADESCAPES AMERICAS, INC FIXTURE SUPPLIES- SUNBRELLA CURTAINS AT WAVE 1,754.88 SHIR MARTIAL ARTS, LLC REC CLASS INSTRUCTOR 139.30
QUADIENT FINANCE USA, INC. POSTAGE FEES FOR CIVIC MAR 2025 841.09 RON HSI TRI-VALLEY AIKIDO REC CLASS INSTRUCTOR 72.00
VALLEY SPOKESMEN BICYCLE CLUB FACILITY RENTAL SECURITY DEPOSIT REFUND 750.00 WEE HOOP, INC. REC CLASS INSTRUCTOR 3,091.20
THE SOURCING GROUP, LLC PCS APPAREL - PEOPLE OF THE PARKS 209.48 TOMMY COOK MILEAGE REIMBURSEMENT - MAR 2025 122.22
THE ECOHERO SHOW, LLC. SCHOOL ASSEMBLIES MAR 2025 6,700.00 THE INDEPENDENT ST. PATRICK'S DAY FESTIVAL ADVERTISING MAR 2025 1,350.00 WORKFORCE INTEGRITY & TRAINING SOLUTIONS, LLC CWA ADMIN - SAFE ROUTES TO SCHOOL FEB 2025 266.52 WORKFORCE INTEGRITY & TRAINING SOLUTIONS, LLC 2024 ANNUAL STREET RESURFACING DEC 2024 453.39 4LEAF INC. FLOCK PLAN CHECK MAR 2025 1,020.00
REGIONAL STREET INVESTORS LOCAL HOUSING TRUST FUND - REGIONAL STREET APARTMENTS 3,333,333.00 Payments Issued 4/16/2025 Total: 3,333,333.00
Payments Issued 4/14/2025 Total: 2,227,001.22
A4 PROMOTIONS & INCENTIVES COMMUNITY GARAGE SALE COROPLAST SIGNS 654.00 AKSHAY ARORA ARORA TENNIS & FITNESS ACADEMY REC CLASS INSTRUCTOR 27,438.87 4LEAF INC. DEVELOPMENT AND PERMITS PLAN REVIEW MAR 2025 425.00 A S DUTCHOVER & ASSOCIATES DEVELOPMENT AND PERMITS PLAN REVIEW MAR 2025 657.50 ALAMEDA COUNTY 4-H COUNCIL FACILITY RENTAL SECURITY DEPOSIT REFUND 750.00 500
City of Dublin
Payment Issuance Report
Print Date: 5/5/2025
Payments Dated 4/1/2025 through 4/30/2025

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ARROW SIGN COMPANY DEVELOPER DEPOSIT (DV0378) BALANCE REFUND 111.15 AT&T - CALNET 3 SERVICE TO CIVIC FIRE ALARM 04/01/2025 61.75 ALL CITY MANAGEMENT SVCS INC CROSSING GUARD SERVICES - MAR 16 - 29 22,228.09 BIG O'TIRES #7 POLICE VEHICLE MAINTENANCE & REPAIRS 3,456.20 AVANTPAGE INC TRANSLATING GARBAGE SIGNS 120.00
BAY AREA AIR QUALITY MGMT DIST CIVIC ANNUAL PERMIT RENEWAL 2024-2025 1,479.00 AT&T - CALNET 3 SERVICE TO PSC 04/01/2025 121.93
AT&T - CALNET 3 ASE CIRCUITS TO 03/31/2025 2,337.42
BKF ENGINEERS TASSAJARA RD GAP CLOSURE PROJECT FEB 2025 17,285.00 BOUND TREE MEDICAL, LLC. DPS GLOVES FOR EVIDENCE 574.53 BIGGS CARDOSA ASSOCIATES, INC. CLOCK TOWER EVALUATION FEB 2025 2,381.40 BKF ENGINEERS TRASH CAPTURE DEVICES DESIGN SERVICES FEB 2025 37,878.75 BIGGS CARDOSA ASSOCIATES, INC. CLOCK TOWER EVALUATION DEC 2024 198.45 BIGGS CARDOSA ASSOCIATES, INC. CLOCK TOWER EVALUATION JAN 2025 15,280.65 CALLANDER ASSOCIATES INC. MAPE MEMORIAL PARK PATHWAY RELO. JAN 2025 251.43 CARBONIC SERVICE POOL CHEMICAL FOR PH BALANCE 394.97
CAL PERS PERS RETIREMENT PLAN: PE 4/18/25 & APRIL COUNCIL 100,371.34 CALEHS ATTN: JOE MOULTON INSPECTION CIVIC CENTER GENERATOR FEB- MAR 2025 600.00 BSK ASSOCIATES INC. MAT. TEST & SPECIAL INSP FOR SAFE RTES MAR 2025 4,841.00 BSK ASSOCIATES INC. DEVELOPMENT AND PERMITS PLAN REVIEW FEB 2025 1,699.25 CDW GOVERNMENT INC SONIC WALL REMOTE DISPLAY INITIATION/CLOSURE 645.00 CHRISTINE PETIT REC CLASS INSTRUCTOR 1,260.00
CINTAS CORPORATION NO.2 FIRST AID RESTOCK - APR 2025 64.49 COMCAST CIVIC CENTER COMCAST 500M INTERNET 03/31/2025 2,540.57 CSW/STUBER-STROEH ENGINEERING GROUP, INC. MARTIN CANYON CREEK AT SILVERGATE - DESIGN SVCS JAN 2025 3,207.75 CSW/STUBER-STROEH ENGINEERING GROUP, INC. VILLAGE PKWY RECONSTRUCTION - DESIGN SERVICES JAN 2025 41,979.77 CREATION NETWORKS, INC SCC AMBROSE HALL AV EQUIPMENT 47,233.74 CSW/STUBER-STROEH ENGINEERING GROUP, INC. KOOPMAN CANYON CREEK AT FENWICK CT - CIVIC ENGINEER SVCS JAN 2025 6,064.25 CONSOR NORTH AMERICA, INC. KOOPMAN CANYON CREEK CHANNEL & BANK REPAIR JAN 2025 12,864.50 CORWOOD CAR WASH, INC. CAR WASHES FOR POLICE VEHICLES JAN-MAR 2025 2,160.00 DSRSD BILLING PERIOD: 02/01/2025 03/31/2025 146,135.83
DIPIETRO & ASSOC. INC ANNUAL AED PROGRAM RENEWAL MAY 2025-APR 2026 2,277.00 DIV OF THE STATE ARCHITECT OCT-DEC 2024 CASP 493.60
DARREN PHILLIPS HERITAGE AND CULTURAL ARTS COMMISSION 4/10/25 50.00 DEPT OF CONSERVATION DIV OF ADMIN SVCS AC OCT-DEC 2024 SMIP 14,891.25 DUBLIN UNIFIED SCHOOL DISTRICT GAS & ELECTRIC FOR STAGER - FEB 2025 1,256.19 DUBLIN UNIFIED SCHOOL DISTRICT WATER FOR STAGER - FEB - MAR 2025 205.85 EUROPEAN MOBILE WERKS POLICE VEHICLE MAINTENANCE & REPAIRS 1,830.08 EAST BAY REGIONAL PARK DIST TASSAJARA CRK & ALAMO CANAL TRAIL ANNUAL MAINTENANCE AGT 43,407.71 ECS IMAGING INC. DOCUMENT SCANNING SERVICES 1,847.86
HARRELL HARRIS PHOTOGRAPHY EGGSTRAVAGANZA PHOTOGRAPHY 600.00 HERC RENTALS INC. ELECTRICAL RENTALS FOR ST. PATRICK'S DAY FESTIVAL 22,856.83 GINA MARIE GARCIA-GABRIELL HERITAGE AND CULTURAL ARTS COMMISSION 4/10/25 50.00 GRAFIX SHOPPE INSTALLATION OF POLICE VEHICLE DECALS 92.71 FORD TIMING 2024 TRAIL CHALLENGE WEBSITE SETUP DESIGN & ADMIN 250.00 JOLT SOFTWARE, INC. JOLT SOFTWARE SUBSCRIPTIONS 4/6/2026 1,294.80 KIDZ LOVE SOCCER REC CLASS INSTRUCTOR 5,025.00
JAY SPENCER FACILITY RENTAL SECURITY DEPOSIT REFUND 500.00 JOAN E. THOMPSON RETURN ASSET SEIZURE FUND-CASE: 24-703521 8,653.61 INTERNAL REVENUE SERVICE FEDERAL WITHHOLDING: PE 4/18/25 & APRIL COUNCIL 73,291.42 JAIN ARCHANA HERITAGE AND CULTURAL ARTS COMMISSION 4/10/25 50.00 KIMLEY-HORN AND ASSOC. INC. EDTIF REVIEW 590.00
MIKE GILMAN PWEN-2022-00293 CASHBOND REFUND 1,750.00
NICHOLS CONSULTING ENGINEERS, CHTD DESIGN SVCS-IRON HORSE NATURE PARK FEB 2025 7,514.66 MARGARET LEITZ FACILITY RENTAL SECURITY DEPOSIT REFUND 750.00 LIVERMORE VALLEY WINEGROWERS LIVERMORE VALLEY WINEGROWERS MEMBERSHIP 7,500.00 MAGS ASSOCIATES LLC REC CLASS INSTRUCTOR 1,860.00
PACIFIC COAST ENTERTAINMENT GROUP LLC WAVE CONCESSION SUPPLIES - MOBILE HEATING CABINET 900.00 PAKPOUR CONSULTING GROUP, INC. CONST MGMT MAPE MEMORIAL PARK PATHWAY RELO FEB 2025 1,597.50 NITHILA JEYAKIRUPA SADHEESH PCS COMMISSION 4/21/25 50.00 NORCAL RENTAL GROUP, LLC ST. PATRICK'S DAY FESTIVAL AND SPLATTER GOLF CART RENTALS 4,587.65 LANLOGIC INC. STAFF SUPPORT - MAR 2025 3,618.00
KIMLEY-HORN AND ASSOC. INC. SAFE ROUTES TO SCHOOL FEB 2025 2,290.00 LAMAR TRANSIT, LLC. POLICE SAFETY FAIR ADVERTISEMENT 950.00 PG&E SHANNON COMMUNITY CENTER 03/2/2025 417.93
PG&E SCHAEFER RANCH PARK 03/27/2025 192.63
PG&E SERVICE TO SHANNON CENTER 03/27/2025 23.82
PG&E CITY HALL 03/31/2025 8,610.65
PARK ENGINEERING, INC. ENERGY EFFICIENCY PROJECT MANAGEMENT FEB 2025 200.30 PARK ENGINEERING, INC. ENERGY EFFICIENCY PROJECT MANAGEMENT JAN 2025 1,402.10 PG&E TC1 SERVICE TO 6795 DOUGHERTY 04/01/2025 244.23
PG&E POSITANO HILLS PARK 03/30/2025 91.79
PG&E DUBLIN SPORTS GROUNDS 03/30/2025 1,254.63
PG&E PASSATEMPO PARK 03/24/2025 89.07
PG&E SEAN DIAMOND PARK 03/26/2025 146.91
501
City of Dublin
Payment Issuance Report
Print Date: 5/5/2025
Payments Dated 4/1/2025 through 4/30/2025

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PG&E LS2-A SERVICE TO AVB 03/31/2025 1,821.73
QUADIENT FINANCE USA, INC. POSTAGE FEES FOR DPS MAR 2025 448.00 RACHEAL MATHENY PCS COMMISSION 4/21/25 50.00
PIERRE GALANG DJ SERVICES - EGGSTRAVAGANZA EVENT 1,000.00 PLEASANTON EVENT RENTALS INC CLEANING OF RENTED LINENS - SHANNON 4/11/25 450.50 PG&E FIRE STATION 16 03/11/2025 1,542.09
PG&E SERVICE TO HPM 03/27/2025 649.05
REDWOOD PUBLIC LAW, LLP FOR PROFESSIONAL SERVICES RENDERED THROUGH AUG 2024 1,177.00 REDWOOD PUBLIC LAW, LLP FOR PROFESSIONAL SERVICES RENDERED THROUGH JUN 2024 7,636.00 REDWOOD PUBLIC LAW, LLP FOR PROFESSIONAL SERVICES RENDERED THROUGH JUL 2024 1,444.50 RAYNE OF SAN JOSE REVERSE OSMOSIS WATER SOFTENER SERV FS17 APR 2025 259.60 RAYNE OF SAN JOSE REVERSE OSMOSIS WATER SOFTENER SERV FS18 APR 2025 204.30 RAVISHANKAR VAICHAL REFUNDING CREDIT BALANCE ON ACCOUNT 124.90 RAYNE OF SAN JOSE REVERSE OSMOSIS WATER SOFTENER SERV FS16 APR 2025 236.90 SCA OF CA LLC STREET SWEEPING SERVICES MARCH 2025 23,536.43 SHAMROCK OFFICE SOLUTIONS, LLC FILE 2399 SHAMROCK CONTRACT PAYMENT 2/28-3/30/2025 398.06 ROTH STAFFING COMPANIES, L.P. BUSINESS LICENSE TEMP 12/16/24-12/22/24 1,831.68 ROTH STAFFING COMPANIES, L.P. BUSINESS LICENSE TEMP 11/25/24-12/01/24 706.11 REGIONAL STREET INVESTORS DEVELOPER DEPOSIT (DV0327) BALANCE REFUND 378,650.79 RON HSI TRI-VALLEY AIKIDO REC CLASS INSTRUCTOR 24.00
SQUAD SPORTS INC. REC CLASS INSTRUCTOR 3,402.00
SHWETA AGRAWAL HERITAGE AND CULTURAL ARTS COMMISSION 4/10/25 50.00 SPANISH CASTRO VALLEY CONGREGATION FACILITY RENTAL SECURITY DEPOSIT REFUND 750.00 SWINERTON MANAGEMENT AND CONSULTING DAC CONSTRUCTION MANAGEMENT SERVICE FEB 2025 32,425.00 SWINERTON MANAGEMENT AND CONSULTING CIVIC EXTERIOR RENOVATION WORK FEB 2025 2,816.00 SUAREZ & MUNOZ CONSTRUCTION WALLIS RANCH COMMUNITY PARK CONSTRUCTION FEB 2025 105,909.80 STORM WATER INSPECTION & MAINTENANCE SERVICES, INC CLEAN DI AND PIPE-GREENSTORM WATER INFRASTRUCTURE FEB 2025 500.00 STRAWN CONSTRUCTION, INC. CULTURAL ARTS REMODEL & CIVIC CTR IMPROV FEB 2025 128,640.93 THE SOURCING GROUP, LLC JUNIOR WARRIORS COACHES SWEATERS 1,504.21 THE SOURCING GROUP, LLC PCS APPAREL PEOPLE OF THE PARKS 728.12 THE SOURCING GROUP, LLC ADULT BASKETBALL SHIRTS 395.58
THE PIN CENTER PROCLAMATION & CERTIFICATE SUPPLIES 846.00 THE SHALLECK COLLABORATIVE, INC. DESIGN SERVICES FOR THE CITYWIDE AV PROJECT 4,725.00 TRI-VALLEY COMMUNITY TV RECORD/TELEVISE CITY COUNCIL & PLANNING COMM MTGS - MARCH 941.49 TRI-VALLEY JANITORIAL INC. JANITORIAL SERVICES MAR 2025 24,691.48 TRB AND ASSOCIATES, INC. BUILDING INSPECTION & PLAN CHECK SERVICES MAR 2025 24,507.00 TREASURER ALAMEDA COUNTY GENERAL SERVICES AGENCY FUEL MARCH 2025 13,455.72 THE SOURCING GROUP, LLC PCS APPAREL SHAMROCK 5K TSHIRTS 18,376.63 TIMEA IHAROSI HERITAGE AND CULTURAL ARTS COMMISSION 4/10/25 50.00 TRI-VALLEY JANITORIAL INC. JANITORIAL SUPPLIES FEB 2025 5,045.76 U.S. BANK CORPORATE PMT SYSTEM PURCHASE CARD STATEMENT MAR 2025 86,239.57 TRI-VALLEY JANITORIAL INC. JANITORIAL SERVICES ST. PATRICK'S DAY FESTIVAL MAR 2025 3,144.00 TRI-VALLEY JANITORIAL INC. JANITORIAL SERVICES EXTRA SERVICE FEB 2025 6,723.86 TRI-VALLEY JANITORIAL INC. JANITORIAL SERVICES & SUPPLIES -CAMP PARKS MAR 2025 33,416.92 TRI-VALLEY JANITORIAL INC. JANITORIAL SUPPLIES ST. PATRICK'S DAY FESTVIAL MAR 2025 406.69 UNIVERSAL BUILDING SERVICES & SUPPLY CO. WINDOW & CARPET CLEANING PSC MAR 2025 2,030.13 UNIVERSAL BUILDING SERVICES & SUPPLY CO. WINDOW & CARPET CLEANING WAVE MAR 2025 758.62 UNIVERSAL BUILDING SERVICES & SUPPLY CO. WINDOW & CARPET CLEANING SENIOR MAR 2025 741.78 UNIVERSAL BUILDING SERVICES & SUPPLY CO. WINDOW & CARPET CLEANING SHANNON MAR 2025 1,281.58 UNIVERSAL BUILDING SERVICES & SUPPLY CO. WINDOW & CARPET CLEANING CIVIC MAR 2025 635.17 UNIVERSAL BUILDING SERVICES & SUPPLY CO. WINDOW & CARPET CLEANING LIBRARY MAR 2025 269.52 WASHINGTON HOSPITAL MEDICAL TEST FEES 1,127.00
UNIVERSAL BUILDING SERVICES & SUPPLY CO. CHAIR UPHOLSTERY ANNUAL INSP. FS16, 17, 18 MAR 2025 280.00 VERIZON WIRELESS DATA PLAN FOR LICENSE PLATE READERS - APRIL 2,259.42 UNIVERSAL BUILDING SERVICES & SUPPLY CO. WINDOW & CARPET CLEANING CIVIC WINDOW MAR 2025 224.54 UNIVERSAL BUILDING SERVICES & SUPPLY CO. WINDOW CLEANING THE WAVE MAR 2025 1,010.43 WORKFORCE INTEGRITY & TRAINING SOLUTIONS, LLC WALLIS RANCH PARK FEB 2025 159.02 XIAOQIN LIU HERITAGE AND CULTURAL ARTS COMMISSION 4/10/25 50.00 WORKFORCE INTEGRITY & TRAINING SOLUTIONS, LLC CWA ADMIN - IRON HORSE NATURE PARK FEB 2025 1,342.10 WORKFORCE INTEGRITY & TRAINING SOLUTIONS, LLC WALLIS RANCH PARK DEC 2024 1,519.48 WC3-WEST COAST CODE CONSULTANT PLAN CHECK AND EPROCESS360 MAR 2025 14,183.00 WORKFORCE INTEGRITY & TRAINING SOLUTIONS, LLC CWA ADMIN - GREEN STORMWATER INFRASTRUCTURE FEB 2025 775.12 I C M A 401 PLAN DEFERRED COMP 401: PE 04/18/2025 1,511.95 I C M A 457 PLAN DEFERRED COMP 457: PE 4/18/25 & APRIL COUNCIL 39,561.52 EMPLOYMENT DEVELOPMENT DEPT CA STATE WITHHOLDING: PE 4/18/25 & APRIL COUNCIL 22,425.05 HEALTHEQUITY, INC. HEALTHEQUITY: PE 04/18/2025 3,945.68 Payments Issued 4/24/2025 Total: 1,682,859.67
AKSHAY ARORA ARORA TENNIS & FITNESS ACADEMY REC CLASS INSTRUCTOR 280.00 A S DUTCHOVER & ASSOCIATES LANDSCAPE PLAN CHECK & INSPECTIONS MAR 2025 1,370.00 US BANK - PARS PARS: PE 4/18/25 3,189.69
Payments Issued 4/25/2025 Total: 70,633.89
ALAMEDA COUNTY FLOOD CONTROL Q3 ZONE 7 FEES - PERMITS & TRACTS FY24/25 187,027.83 ALL CITY MANAGEMENT SVCS INC CROSSING GUARD SERVICES - MAR 30 - APR 12 10,718.42 502
City of Dublin
Payment Issuance Report
Print Date: 5/5/2025
Payments Dated 4/1/2025 through 4/30/2025

4/28/2025
4/28/2025
4/28/2025
4/28/2025
4/28/2025
4/28/2025
4/28/2025
4/28/2025
4/28/2025
4/28/2025
4/28/2025
4/28/2025
4/28/2025
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4/28/2025
4/28/2025
4/28/2025
4/28/2025
4/28/2025
4/28/2025
4/28/2025
4/28/2025
4/28/2025
4/28/2025
4/28/2025
4/28/2025
4/28/2025
4/28/2025
4/28/2025
4/28/2025
4/28/2025
4/28/2025
4/28/2025
4/28/2025
4/28/2025
4/28/2025
4/28/2025
4/28/2025
4/28/2025
4/28/2025
4/28/2025
4/28/2025
4/28/2025
4/28/2025
4/28/2025
4/28/2025
4/28/2025
4/28/2025
4/28/2025
4/28/2025
4/29/2025
Total Number of Payments Issued:

AMY'S ENGRAVED SIGNS & AWARDS WATER BOTTLE FILL STATION 145.53 AVANTPAGE INC TRANSLATING BUSINESS NAVIGATOR PROGRAM 426.97 BAY AREA NEWS GROUP EAST BAY LEGAL NOTICES - MAR 2025 944.78 AT&T 600M INTERNET CIVIC CENTER FIBER SERVICES 1,811.46 AT&T CVC AT&T IPFLEX VOIP LINE 751.37
AT&T 1GIG AT&T 2,175.02
AT&T PSC-600M IPFLEX INTERNET 1,684.86
BOUND TREE MEDICAL, LLC. SHARPS CONTAINER - DPS 45.76
CARBONIC SERVICE POOL CHEMICAL FOR PH BALANCE 362.21
BIG O'TIRES #7 POLICE VEHICLE MAINTENANCE & REPAIRS 226.92 GUANGHUI HAN PLANNING COMMISSION 04/22/2025 50.00
ARROW FIRE PROTECTION FLEET - FIRE EXTINGUISHER MAINTENANCE 1,911.30 AMY L. JONES REC CLASS INSTRUCTOR 273.60
FEHR & PEERS EAST DUB. TRAFFIC IMPACT FEE UPDTE FEB 2025 5,268.38 GOLDEN STATE FLEET SVCS INC TOWING SERVICES - APR 2025 125.00 CONVERGEONE, INC. C1-5-YEAR INTERCOM LICENSE DPS 960.77

EUROPEAN MOBILE WERKS POLICE VEHICLE MAINTENANCE & REPAIRS CITY OF PLEASANTON FREEWAY INTERCHANGE QTR PAYMENT JAN - MAR 2025 26,992.72 COMCAST INTERNET/CABLE SVC WAV, SNC, PSC - 04/11-05/10/25 632.62 JAISENA PRASATH JEYAKEERTHI RAJOO PLANNING COMMISSION 04/22/2025 50.00 JONH WU PLANNING COMMISSION 04/22/2025 50.00
ICMA ICMA ANNUAL MEMBERSHIP RENEWAL JUL 2025 -JUN 2026 1,200.00 INNOVATION FOR GREEN ADVANCED I-GATE ANNUAL MUNICIPAL PARTNERSHIP 2025 25,000.00 ICITYWORK PLANNING DEVELOPMENT ACTIVITY WEBSITE 780.00
PHOENIX GROUP INFO SYS. PARKING CITATIONS COLLECTED - MAR 2025 225.00 LYNX TECHNOLOGIES, INC. GIS CONSULTING SERVICES MAR 2025 6,075.00 MATTHEW AINI PLANNING COMMISSION 04/22/2025 50.00
LEHR AUTO EMERG. EQUIP. OUTFITTING CHECKPOINT COMMAND VEH. 13,549.87 250.00
JOSEPH THOMAS WASHINGTON II PCS COMMISSION 4/21/25 50.00 PRO CYCLES LLC POLICE VEHICLE MAINTENANCE & REPAIRS 2,286.80 LANLOGIC INC. DPS ACCESS POINT REPLACEMENT 587.63
RICHARD THORNBURY PCS COMMISSION 4/21/25 50.00
POLY-WOOD, INC. WATERPARK FURNITURES - ADIRONDACK CHAIRS 4,286.28 PRADEEP ROUTRA PCS COMMISSION 4/21/25 50.00
PIERRE GALANG DJ SERVICES FOR DUBLIN PRIDE WEEK 1,000.00 PLEASANTON EVENT RENTALS INC CLEANING OF RENTED LINENS SHANNON CENTER 4/24/25 243.00 MICHAEL BAKER INT'L, INC. AFFORDABLE HOUSING PRGM MONITOR ASSIST MAR 2025 7,382.50 SURESH PULI PLANNING COMMISSION 04/22/2025 50.00
SYED SAMEER SHABIR HAKIM PCS COMMISSION 4/21/25 50.00
SHAMROCK OFFICE SOLUTIONS, LLC FILE 2399 USAGE CHARGE FOR 3/16-4/15/2025 1,698.75 SRINIVAS S BADAMI PLANNING COMMISSION 04/22/2025 50.00
RR PIZZA INC. WAVE PARTY SUPPLIES DEC 2024 - FEB 2025 1,657.69 SELECT IMAGING NAME TAG FOR POET LAUREATE 26.63
WAHIDA I. RASHID PLANNING COMMISSION 04/22/2025 50.00
WELLS MIDDLE SCHOOL CHEER PERFORMANCE AT SHAMROCK 5K RUN 1,000.00 TREASURER ALAMEDA COUNTY PARKING CITATIONS COLLECTED - MAR 2025 1,150.50 TRI-VALLEY TRANSPORT. COUNCIL FY 24/25 QTR 3 TRI-VALLEY TRANSPORTATION DEVELOPMENT FEES 461,244.78 THE SOURCING GROUP, LLC PCS APPAREL PRESCHOOL 523.39
TN ELECTRICAL & SOLAR SERVICES PERMIT REFUND BLDG-007426-2025 120.00 Grand Total for Payments Dated 4/1/2025 through 4/30/2025: 9,846,712.70 396
Payments Issued 4/29/2025 Total: 377.10
HEALTHEQUITY, INC. JAN-APR 2025 COMMUTER FUNDING 377.10 WHENTOWORK, INC. 12 MONTHS PRO PLAN- ONLINE SCHEDULING FOR EMPLOYEE 3,402.00 Payments Issued 4/28/2025 Total: 778,375.34
503

STAFF REPORT

CITY COUNCIL

Agenda Item 5.8
DATE: May 20, 2025
TO: Honorable Mayor and City Councilmembers
FROM: Colleen Tribby, City Manager
SUBJECT: City Treasurer's Informational Report of Investments for the Quarter Ending March 31, 2025
Prepared by: Chris Rhoades, Financial Analyst
EXECUTIVE SUMMARY:

The City Council will receive an informational report of the City’s investments through the quarter ending March 31, 2025 including a monthly transaction ledger. The City’s investment portfolio for this period totaled $470,738,671 (market value) with an average market yield of

4.26%. As required by the City’s Investment Policy, the City Treasurer (Finance Director) affirms that the City is able to meet its expenditure requirements for the next six months. The Finance and Investment Committee reviewed the report at their May 6, 2025 regular meeting.

STAFF RECOMMENDATION:

Receive the report.

FINANCIAL IMPACT:

There is no financial impact resulting from this report. Investments are made in accordance with the City’s Investment Policy and State Law. Interest earned is apportioned between funds (i.e., General Fund, Gas Tax Fund, etc.) based upon their proportionate share of the total cash balance. The quarterly cash balance can vary from quarter to quarter based on the financial needs of the City, including the timing of revenues and expenditures.

DESCRIPTION:

The total investment portfolio (market value) consists of $307,455,330 managed by Chandler Asset Management (Chandler), and $163,283,342 invested by the City in local government pools, the Local Agency Investment Fund (LAIF) and the California Asset Management Program (CAMP). The average market yield of the Chandler portfolio and the local pools was

4.16% and 4.43% respectively.

The total investment portfolio balance fluctuates throughout the year due to normal cash flow 504

needs and includes both discretionary and restricted funds.

Economic Update Highlights
The following are some highlights from the Economic Update included in the Investment Report prepared by Chandler (Attachment 1).

Recent economic data suggests slower growth in 2025 and greater market uncertainty as the effects of fiscal policy unfold. Inflationary trends have subsided, but some components remain “sticky”, such as rents/shelter and food, and core levels remain above the Fed’s target. The labor market reflects an improved balance between supply and demand for workers. While job creation has been robust, continuing jobless claims remain elevated. Given the economic outlook, Chandler expects gradual normalization of monetary policy and a steepening yield curve.

City of Dublin Portfolio
The City's aggregate portfolio has maintained a healthy balance of investment types with minimal change from the prior quarter.

The market value of the City's portfolio increased by $5.8 million from the December 31, 2024 quarter. The quarterly change results from the normal fluctuations in the timing of incoming revenue, expenditures on capital projects, as well as payments to Alameda County for fire services. The City’s portfolio increased by $48.4 million from the same quarter the prior year due to operating revenues exceeding expenditures on an annual basis, as well as the timing of capital project expenditures (see Table 1 below). Overall market yield-to-maturity has decreased to 4.26%, (shown in Table 2) due to the factors discussed in the Economic Update Highlights. For detailed monthly transactions, see Attachment 2. 505

Table 1: Portfolio Values and Yield to Maturity
1Includes cash on hand, receivables, payables, and accrued interest from the Local Pools. 2Accrued Interest is now shown in Cash.
3Includes cash on hand, receivables, and payables from accounts managed by Chandler.

Table 2: Quarterly Holdings (Market Value) by Type, and YTM, Five Quarters Funds Managed by the City
The City participates in two local agency investment pools managed by government finance professionals and treasurers: the Local Agency Investment Fund (LAIF) and the California March 31, 2024 December 31, 2024
Holdings
Market
Value
Market
Value
Par
Value
Book
Value
Market
Value
% of
Subtotal
% of
Total
Portfolio
Book
Yield
Market
Yield
Managed by City
Cash1 274,480 313,298 304,578 304,578 304,578 0.2% 0.1% 0.00% 0.00% LAIF 26,800,793 27,717,626 28,039,989 28,039,989 28,039,989 17.2% 6.0% 4.31% 4.31% CAMP 104,531,281 135,716,745 134,938,774 134,938,774 134,938,774 82.6% 28.7% 4.47% 4.47% SUBTOTAL 131,606,553 163,747,668 163,283,342 163,283,342 163,283,342 100.00% 34.76% 4.43% 4.43% Accrued Interest2 - - - 131,606,553 163,747,668 163,283,342 Managed by Chandler
ABS 27,628,978 33,334,796 35,936,255 35,932,717 36,131,194 11.8% 7.7% 4.80% 4.47% Agency 39,102,074 13,896,584 11,145,000 11,205,155 11,217,537 3.7% 2.4% 4.06% 4.01% Cash3 456,482 2,129 6,119 6,119 6,119 0.0% 0.0% 0.00% 0.00% Agency CMBS 8,630,360 13,733,961 14,370,000 13,937,857 13,948,947 4.6% 3.1% 4.15% 4.26% Money Market 813,046 743,108 1,283,006 1,283,006 1,283,006 0.4% 0.3% 3.97% 3.97% Supranational 26,247,930 27,445,408 27,265,000 26,939,425 26,953,873 8.8% 5.8% 3.53% 4.06% Corporate 75,214,801 75,925,813 78,190,000 77,861,417 77,780,053 25.5% 16.6% 3.99% 4.50% US Treasury 110,896,377 133,961,210 138,250,000 137,865,477 138,087,540 45.2% 29.4% 3.82% 3.92% SUBTOTAL 288,990,049 299,043,009 306,445,381 305,031,174 305,408,271 100.00% 65.24% 3.98% 4.16% Accrued Interest 1,713,120 2,150,722 2,047,059 290,703,168 301,193,731 307,455,330 TOTAL PORTFOLIO 422,309,722 464,941,399 469,728,722 468,314,515 470,738,671 100.00% 4.26% 48,428,950
5,797,272
March 31, 2025
Change from Prior Year
Change from Prior Quarter
Holdings (Market Value) 3/31/24 6/30/24 9/30/24 12/31/24 3/31/25 LAIF/CAMP 131,332,074 141,555,441 134,311,573 163,434,370 162,978,763 ABS 27,628,978 31,133,561 33,965,921 33,334,796 36,131,194 Agency 39,102,074 29,682,071 21,005,009 13,896,584 11,217,537 Cash 730,962 742,848 324,258 315,427 310,698 Agency CMBS 8,630,360 8,540,328 11,859,631 13,733,961 13,948,947 Money Market 813,046 356,932 2,161,116 743,108 1,283,006 Supranational 26,247,930 26,304,657 27,039,073 27,445,408 26,953,873 Corporate 75,214,801 75,954,352 78,453,439 75,925,813 77,780,053 US Treasury 110,896,377 118,846,162 127,188,477 133,961,210 138,087,540 Accrued Interest 1,713,120 2,031,616 1,812,539 2,150,722 2,047,059 TOTAL 422,309,722 435,147,967 438,121,036 464,941,399 470,738,671 YIELD TO MATURITY 4.92% 4.98% 4.22% 4.53% 4.26%
506

Asset Management Program (CAMP). Table 3 shows the yields in the pools and with the assets managed by Chandler over the most recent eight quarters.

Table 3: Quarterly Portfolio Yields, Recent Eight Quarters Market Yield LAIF CAMP Chandler
6/30/23 3.26% 5.20% 4.98%
9/30/23 3.61% 5.52% 5.24%
12/31/23 3.95% 5.56% 4.46%
3/31/24 4.27% 5.48% 4.79%
6/30/24 4.56% 5.44% 4.84%
9/30/24 4.57% 5.08% 3.89%
12/31/24 4.43% 4.65% 4.49%
3/31/25 4.31% 4.47% 4.16%
STRATEGIC PLAN INITIATIVE:

None.

NOTICING REQUIREMENTS/PUBLIC OUTREACH:

The City Council Agenda was posted.

ATTACHMENTS:
1) City of Dublin Investment Report for Period Ending March 31, 2025 2) Transaction Ledger – January through March 2025
507

INVESTMENT REPORT
City of Dublin | As of March 31, 2025
CHANDLER ASSET MANAGEMENT | chandlerasset.com
Chandler Team:

For questions about your account, please call (800) 317-4747, or contact [email protected]
Information contained herein is confidential. We urge you to compare this statement to the one you receive from your qualified custodian. Please see Important Disclosures at the end of the statement.

Attachment 1
508

TABLE OF CONTENTS
City of Dublin | As of March 31, 2025

ECONOMIC UPDATE

ACCOUNT PROFILE

CONSOLIDATED INFORMATION

PORTFOLIO HOLDINGS

TRANSACTIONS
1 509

ECONOMIC UPDATE
2 510



Recent economic data suggest slower growth in 2025 and greater market uncertainty as the effects of fiscal policy unfold. Inflationary trends have subsided, but some components remain sticky, and core levels remain above the Fed’s target. The labor market reflects improvedbalance between supply and demand for workers. While job creation has been robust, continuing jobless claims remain elevated.

Given the economic outlook, we expect gradual normalization of monetary policy and a steepening yield curve.

As broadly anticipated, the Federal Open Market Committee (FOMC) left the Federal Funds Rate unchanged at the range of 4.25 - 4.50% at the March meeting. Fed Chair Powell emphasized increased uncertainty around the economic outlook and the need for “greater clarity” before making changes to interest rate policy. He also acknowledged possible transitory inflationary impacts from tariffs. The summary of economic projections (SEP) indicated lower GDP growth, higher inflation, and higher unemployment estimates than December projections, along with roughly two 25-basis point rate cuts this year. The FOMC also announced a slowdown in the pace of balance sheet reduction.

US Treasury yields declined, and the curve steepened in March. The 2-year Treasury yield declined 10 basis points to 3.89%, the 5-year Treasury fell 7 basis points to 3.95%, and the 10-year Treasury yield was unchanged 4.21%. The spread between the 2-year and 10-year Treasury yield points on the curve widened to +32 basis points at March month-end versus +22 basis points at February month-end. The spread between the 2-year Treasury and 10-year Treasury yield one year ago was -42 basis points. The spread between the 3-month and 10- year Treasury yield points on the curve was -9 basis points in March, unchanged from February.

ECONOMIC UPDATE
3 511
-400
-200
0 200
400
600
800
1,000MOM Change In Thousands (000's)
Nonfarm Payroll (000's)
Non-farm Payroll (000's)
3-month average (000's)

0.0%

5.0%

10.0%

15.0%

20.0%

25.0%
Unemployment Rate
Underemployment Rate (U6)
Unemployment Rate (U3)
Rate (%)
The U.S. economy added 228,000 jobs in March, exceeding consensus expectations, and the last two months were revised down by 48,000. Gains were led by healthcare, retail, social assistance, and transportation. The three-month moving average and six-month moving average payrolls totaled 152,000 and 181,000 respectively. The unemployment rate rose to 4.2% in March, and the labor participation rate edged up to 62.5%, remaining below the pre-pandemic level of 63.3%. The U-6 underemploymentrate, which includes those who are marginally attached to the labor force and employed part time for economic reasons edged down to 7.9% in March from

8.0% in February. Average hourly earnings ticked down to an increase of 3.8% year-over-year in March.

Source: US Department of Labor Source: US Department of Labor

EMPLOYMENT
4 512
0 2,000
4,000
6,000
8,000
10,000
12,000
14,000
Job Openings
Recession
Historical Average
In Thousands (000's)
The Labor D epartment’s Job Openings and Labor Turnover Survey (JOLTS) fell to 7.57 million new job openings in February from 7.76 million new job openings in January. Job openings indicate a ratio of 1.1 jobs for each unemployed individual, representing a relatively balanced labor market.

Source: US Department of Labor

JOB OPENINGS & LABOR TURNOVER SURVEY
5 513

0.0%

1.0%

2.0%

3.0%

4.0%

5.0%

6.0%

7.0%

8.0%

9.0%

10.0%
Consumer Price Index (CPI)
CPI YOY % Change
Core CPI YOY % Change
YOY (%) Change

0.0%

1.0%

2.0%

3.0%

4.0%

5.0%

6.0%

7.0%

8.0%

9.0%

10.0%
Personal Consumption Expenditures (PCE)
PCE Price Deflator YOY % Change
PCE Cor e Deflator Y OY % Change
Fed Target
YOY (%) Change
In March, p rice increases measured by both the Consumer Price Index (CPI) and Core CPI, which excludes volatile food and energy components, decelerated from last month and came in lower than consensus expectations. The headline CPI dropped 0.1% month-over- monthand rose 2.4% year-over-year, while the Core CPI rose 0.1% month-over-monthand 2.8% year-over-year. The Personal Consumption Expenditures (PCE) price index increased by 0.3% from the previous month and 2.5% year-over-year in February. The Core PCE deflator, which excludes food and energy and is the Fed’s preferredgauge, accelerated its increase to 0.4% month-over-monthand 2.8% from 2.6% year-over-year. Inflation remains above the Fed’s 2% target.

Source: US Department of Labor Source: US Department of Commerce

INFLATION
6 514
-30.0%
-20.0%
-10.0%

0.0%

10.0%

20.0%

30.0%

40.0%

50.0%

60.0%
Retail Sales YOY % Change
YOY (%) Change
The Advance R etail Sales report for February fell short of expectations, increasing 0.2% month-over-month followinga 1.2% decline in January. Declines were broad-based across categories. However, control group sales, which feeds into gross domestic product and excludes food services, auto dealers, building materials stores, and gasoline stations, increased 1% in February. On a year-over-year basis, Retail Sales grew 3.1% in February versus 3.9% in January. The Conference Board’s Consumer Confidence Index tumbled 7.2 points in March to 92.9, a notable decrease from February. Consumers' assessment of the present situation fell, with business conditions viewed as "good" by only 17.7% and jobs considered "plentiful" by 33.6%. Their expectations for income, business, and labor market conditions dropped, with pessimism about future employment prospects falling to a 12-year low. While the consumer has been resilient, rising inflation expectations, concerns about trade policies and tariffs, and general economic and policy uncertainty could pose potential risks to future spending.
0 20
40 60
80 100
120
140
160
Index Level
Consumer Confidence
Recession
Source: US Department of Commerce Source: The Conference Board All time high is 144.70 (1/31/00); All time low is 25.30 (2/28/09)

CONSUMER
7 515
-25.0%
-20.0%
-15.0%
-10.0%
-5.0%

0.0%

5.0%

10.0%

15.0%
Leading Economic Indicators (LEI)
Recession
YOY (%) Change
-1.00
-0.75
-0.50
-0.25

0.00 0.25

0.50 0.75

1.00 Chicago Fed National Activity Index (CFNAI)
Recession
3 Month Average
The Conference Board’s Leading Economic Index (LEI) fell by 0.3% in February, following a 0.2% decline in January. The LEI decreased year- over-year by 3. 1%. The monthly decline was primarily driven by consumer assessments of future business conditions becoming more pessimistic. The Chicago Fed National Activity Index (CFNAI) increased to +0.18 in February from a revised -0.08 in January, reflecting stronger readings across production-relatedindicators and sales, orders, and inventories. The three-month moving average rose to +0.15 in February from +0.07 in January, indicating expectations of continued above-trend economic growth.

Source: The Conference Board Source: Federal Reserve Bank of Chicago

LEADING INDICATORS OF ECONOMIC ACTIVITY
8 516
0 200
400
600
800
1,000
1,200
1,400
1,600
1,800
2,000
2,200
2,400In Thousands of Units
Annualized Housing Starts
Multi Family Housing Starts
Single Family Housing Starts
Housing starts soared 11.2% to 1.5 million units in February as builders rebounded from adverse weather conditions in January. Total starts are down 2.9% compared to February 2024. Single family homes starts rose 11.4%, and multi-family starts increased 10.7%. The Freddie Mac 30-year fixed rate mortgage averaged approximately 6.8% in February. According to the Case-Shiller 20-City Home Price Index, housing prices rose 4.7% year-over-year in January, compared to 4.5% in December. While inventory constraints remain a challenge, the slight improvementin annual gains suggests gradual stabilization in the market. However, higher mortgage rates continue to weigh on affordability, limiting buyer demand and market activity.

Source: US Department of Commerce Source: S&P
-20.0%
-16.0%
-12.0%
-8.0%
-4.0%

0.0%

4.0%

8.0%

12.0%

16.0%

20.0%

24.0%
S&P/Case-Shiller 20 City Composite Home Price Index
Recession
YOY (%) Change

HOUSING
9 517
40 45
50 55
60 65
70 Institute of Supply Management (ISM) Surveys
ISM Manufacturing ISM Services

EXPANDING

CONTRACTING
The Institute for Supply Management (ISM) Manufacturing index dipped back into contraction at 49.0 in March from 50.3 in February.The survey reflected a decline in business activity, upward price pressures, and notably weaker employment. The ISM Services index declined to 50.8 in March from 53.5 in February as new orders, employment, and supplier deliveries all weakened. A reading over 50 indicates expansion, while a reading under 50 indicates contraction.

Source: Institute for Supply Management

SURVEY BASED MEASURES
10 518
Components of GDP 3/24 6/ 24 9/24 12/24

1.3% 1.9% 2.5% 2.7%

0.6% 1.5% 0.2% -1.0%
-0.6% -0.9% -0.4% 0.3%

0.0% 0.3% 0.6% 0.3%

0.3% 0.3% 0.3% 0.3%

1.6% 3.0% 3.1% 2.4%
State and Local (Consumption and Gross
Investment)
Personal Consumption Expenditures
Gross Private Domestic Investment
Net Exports and Imports
Federal Government Expenditures
Total
-40.0%
-30.0%
-20.0%
-10.0%

0.0%

10.0%

20.0%

30.0%

40.0%
Gross Domestic Product (GDP)
GDP QOQ % Change
GDP YOY % Change
Source: US Department of Commerce Source: US Department of Commerce According to t he third estimate, fourth quarter GDP increased at an annualized rate of 2.4 percent, revised up 0.1 percentage point from the second estimate. Growth continues to be powered by consumer spending and government spending, partly offset by a decrease in investment. Imports also decreased. Real GDP increased 2.8 percent in 2024. The consensus projection calls for 1.2% growth for the first quarter and 2.0% for the full year 2025.

GROSS DOMESTIC PRODUCT (GDP)
11 519
Source: Federal Reserve Source: Bloomberg
0 1,000,000
2,000,000
3,000,000
4,000,000
5,000,000
6,000,000
7,000,000
8,000,000
9,000,000
10,000,000
Federal Reserve Balance Sheet Assets
Recession
In $ millions
As broadly anticipated, the Federal Open Market Committee (FOMC) left the Federal Funds Rate unchanged at the range of 4.25 - 4.50% at the March meeting. Fed Chair Powell emphasized increased uncertainty around theeconomic outlook and the need for “greater clarity” before making changes to interest rate policy. He also acknowledged possible transitory inflationary impacts from tariffs. The summary of economic projections (SEP) indicated lower GDP growth, higher inflation, and higher unemployment estimates than December projections, along with roughly two 25-basis point rate cuts this year. The FOMC also announced a slowdown in the pace of balance sheet reduction. The monthly redemptioncap on Treasuries will be reduced from $25 billion to $5 billion, while the cap on agencies and mortgage-backed securities will be maintained at $35 billion. Since the Fed began its Quantitative Tightening campaign in June 2022, securities holdings have declined by approximately $2.2 trillion to approximately $6.8 trillion.

FEDERAL RESERVE

0.00%

1.00%

2.00%

3.00%

4.00%

5.00%

6.00%
Effective Federal Funds Rate
Recession
Yield (%)
12 520
Source: Bloomberg Source: Bloomberg

0.0%

1.0%

2.0%

3.0%

4.0%

5.0%

6.0%
US Treasury Note Yields
2-Year
5-Year
10-Year
Yield (%)

0.0%

1.0%

2.0%

3.0%

4.0%

5.0%

6.0%
US Treasury Yield Curve
Mar-25
Dec-24
Mar-24
Yield (%)
At the end of March, the 2-year Treasury yield was 74 basis points lower, and the 10-Year Treasury yield was 6 basis points higher, year- over-year. The spread between the 2-year and 10-year Treasury yield points on the curve widened to +32 basis points at March month- end versus +22 basis points at February month-end. The recent yield curve inversion which began in July 2022 was historically long. The average historical spread (since 2005) is about +99 basis points. The spread between the 3-month and 10-year Treasury yield points on the curve was -9 basis points in in March, unchanged from February.

BOND YIELDS
13 521

ACCOUNT PROFILE
14 522

OBJECTIVES
City of Dublin | As of March 31, 2025
Investment Objectives
The investment objectives of the City of Dublin are first, to provide safety of principal; second, to provide adequate liquidity to meet all requirements which might be reasonably anticipated; third, to attain a market average rate of return on its investments throughout economic cycles; and fourth, to be diversified to avoid incurring unreasonable and avoidable risks regarding specific security types or individual financial institutions.

Chandler Asset Management Performance Objective
The performance objective of the City of Dublin is to earn a return that equals or exceeds the return on of the ICE BofA 1-5 Year Treasury and Agency Index.

Strategy
In order to achieve this objective, the portfolio invests in high quality fixed income instruments consistent with the City's investment policy and California Government Code. 15 523

STATEMENT OF COMPLIANCE
City of Dublin | Account #10198 | As of March 31, 2025
Rules Name Limit Actual Compliance
Status Notes

AGENCY MORTGAGE SECURITIES (CMOS)
Max % (MV) 20.0 4.6 Compliant
Max % Issuer (MV) 20.0 4.6 Compliant
Max Maturity (Years) 5.0 4.5 Compliant

ASSET-BACKED SECURITIES (ABS)
Max % (MV; Non Agency ABS & MBS) 20.0 11.8 Compliant
Max % Issuer (MV) 5.0 1.0 Compliant
Max Maturity (Years) 5 4 Compliant
Min Rating (AA- by 1) 0.0 0.0 Compliant

BANKERS' ACCEPTANCES
Max % (MV) 40.0 0.0 Compliant
Max % Issuer (MV) 5.0 0.0 Compliant
Max Maturity (Days) 180 0.0 Compliant
Min Rating (A-1 by 1) 0.0 0.0 Compliant

COMMERCIAL PAPER
Max % (MV) 25.0 0.0 Compliant
Max % Issuer (MV) 5.0 0.0 Compliant
Max Maturity (Days) 270 0.0 Compliant
Min Rating (A-1 by 1 or A- by 1) 0.0 0.0 Compliant

CORPORATE MEDIUM TERM NOTES
Max % (MV) 30.0 25.5 Compliant
Max % Issuer (MV) 5.0 1.5 Compliant
Max Maturity (Years) 5 4 Compliant
Min Rating (A- by 1) 0.0 0.0 C ompliant

FEDERAL AGENCIES
Max % (MV) 100.0 3.7 Compliant
Max % Issuer (MV) 35.0 2.8 Compliant
Max Callables (MV) 25.0 0.0 Compliant
Max Maturity (Years) 10 3 Compliant
16 524

STATEMENT OF COMPLIANCE
City of Dublin | Account #10198 | As of March 31, 2025
Rules Name Limit Actual Compliance
Status Notes

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 0.4 Compliant Max % Issuer (MV) 20.0 0.4 Compliant
Min Rating (AAA by 2) 0.0 0.0 Compliant

MORTGAGE -BACKED SECURITIES (NON-AGENCY)
Max % (MV) 20.0 0.0 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

MUNICIPAL SECURITIES (ALL STATES)
Max % Issuer (MV) 5.0 0.0 Compliant
Max Maturity (Years) 5.0 0.0 Compliant
Min Rating (A- by 1) 0.0 0.0 Compliant

MUTUAL FUNDS
Max % (MV; Money Market Fund & Mutual Fund) 20.0 0.4 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 Compliant
Min Rating (A-1 by 1 or A- by 1 if > FDIC Limit) 0.0 0. 0 Compliant

SRI PROHIBITED INVESTMENTS
Prohibited Investment - Fossil Fuels 0.0 0.0 Compliant
Prohibited Investments - Firearms 0.0 0.0 Compliant
Prohibited Investments - Tobacco 0.0 0.0 Compliant

SUPRANATIONAL OBLIGATIONS
17 525

STATEMENT OF COMPLIANCE
City of Dublin | Account #10198 | As of March 31, 2025
Rules Name Limit Actual Compliance
Status Notes
Max % (MV) 30.0 8.8 Compliant
Max % Issuer (MV) 10.0 4.2 Compliant
Max Maturity (Years) 5 4 Compliant
Min Rating (AA- by 1) 0.0 0.0 Compliant

TIME DEPOSITS
Max % (MV) 10.0 0.0 Compliant
Max % Issuer (MV) 5.0 0.0 Compliant
Max Maturity (Years) 1.0 0.0 Compliant
U.S. TREASURIES
Max % (MV) 100.0 45.2 Compliant
Max Maturity (Years) 10 4 Compliant
18 526

PORTFOLIO CHARACTERISTICS
City of Dublin | Account #10198 | As of March 31, 2025
Benchmark* 3/31/2025
Portfolio
12/31/2024
Portfolio
Average Maturity (yrs) 2.65 3.10 3.09
Average Modified Duration 2.48 2.60 2.60
Average Purchase Yield 3.98% 3.76%
Average Market Yield 3.93% 4.16% 4.49%
Average Quality** AA+ AA+ AA+
Total Market Value 307,455,330 301,193,731
*Benchmark: ICE BofA 1-5 Year Unsubordinated US Treasury & Agency Index **The credit quality is a weighted average calculation of the highest of S&P, Moody’s and Fitch. 19 527

SECTOR DISTRIBUTION
City of Dublin | Account #10198 | As of March 31, 2025
Sector as a Percentage of Market Value
Sector 03/31/2025 12/31/2024
US Treasury 45.21% 44.80%
Corporate 25.47% 25.39%
ABS 11.83% 11.15%
Supras 8.83% 9.18%
Agency CMBS 4.57% 4.59%
Agency 3.67% 4.65%
Money Mkt Fd 0.42% 0.25%
20 528

ISSUERS
City of Dublin | Account #10198 | As of March 31, 2025
Issuer Investment Type % Portfolio
Government of The United States US Treasury 45.21%
FHLMC Agency CMBS 4.57%
International Bank for Recon and Dev Supras 4.23%
Inter-American Development Bank Supras 4.06%
Federal Home Loan Banks Agency 2.81%
Chase Issuance Trust ABS 1.65%
John Deere Owner Trust ABS 1.52%
UnitedHealth Group Incorporated Corporate 1.46%
Bank of Montreal Corporate 1.45%
Deere & Company Corporate 1.32%
The Toronto-Dominion Bank Corporate 1.32%
BMW Vehicle Owner Trust ABS 1.31%
JPMorgan Chase & Co. Corporate 1.30%
Toyota Motor Corporation Corporate 1.28%
Merck & Co., Inc. Corporate 1.14%
Caterpillar Inc. Corporate 1.11%
GM Financial Automobile Leasing Trus ABS 1.09%
Honda Auto Receivables Owner Trust ABS 1.03%
Bank of America Corporation Corporate 0.97%
Toyota Lease Owner Trust ABS 0.96%
Amazon.com, Inc. Corporate 0.89%
Tennessee Valley Authority Agency 0.86%
Royal Bank of Canada Corporate 0.83%
Northwestern Mutual Global Funding Corporate 0.82%
Honeywell International Inc. Corporate 0.81%
Guardian Life Global Funding Corporate 0.79%
Morgan Stanley Corporate 0.75%
Realty Income Corporation Corporate 0.73%
B
erkshire Hathaway Inc. Corporate 0.73%
Hyundai Auto Receivables Trust ABS 0.73%
21 529

ISSUERS
City of Dublin | Account #10198 | As of March 31, 2025
Issuer Investment Type % Portfolio
American Express Credit Master Trust ABS 0.72%
Walmart Inc. Corporate 0.67%
Wells Fargo & Company Corporate 0.67%
Massachusetts Mutual Life Insurance Corporate 0.66%
The Home Depot, Inc. Corporate 0.62%
The Charles Schwab Corporation Corporate 0.62%
Metropolitan Life Global Funding I Corporate 0.58%
WF Card Issuance Trust ABS 0.54%
International Finance Corporation Supras 0.53%
Cisco Systems, Inc. Corporate 0.52%
Mercedes-Benz Auto Receivables Trust ABS 0.50%
AbbVie Inc. Corporate 0.50%
Bank of America Credit Card Trust ABS 0.49%
BNY Mellon Corp Corporate 0.49%
GM Financial Securitized Term ABS 0.46%
Honda Motor Co., Ltd. Corporate 0.46%
Target Corporation Corporate 0.42%
First American Govt Oblig fund Money Mkt Fd 0.42%
American Express Company Corporate 0.42%
U.S. Bancorp Corporate 0.41%
Met Tower Global Funding Corporate 0.40%
Toyota Auto Receivables Owner Trust ABS 0.33%
Dominion Energy, Inc. Corporate 0.32%
Hyundai Auto Lease Securitization Tr ABS 0.26%
Mercedes-Benz Auto Lease Trust ABS 0.25%
Cash Cash 0.00%
TOTAL 100.00%
22 530

QUALITY DISTRIBUTION
Rating 03/31/2025 12/31/2024
AAA 19.3% 19.0%
AA 58.1% 58.0%
A 18.4% 19.2%
BBB 1.0% 0.8%
NA 3.2% 2.9%
Rating 03/31/2025 12/31/2024
AAA 69.7% 70.0%
AA 5.5% 3.7%
A 19.2% 21.0%
NA 5.6% 5.4%
Rating 03/31/2025 12/31/2024
AAA 13.4% 12.8%
AA 59.7% 60.2%
A 11.4% 11.3%
NA 15.5% 15.7%
City of Dublin | Account #10198 | As of March 31, 2025
S&P Rating Moody’s Rating Fitch Rating
23 531
0-.25 .25-.5 .5-1 1-2 2-3 3-4 4-5 5-7 7+
Portfolio 3.0% 1.2% 3.3% 23.4% 27.3% 30.8% 10.9% 0.0% 0.0% ICE BofA 1-5 Year Unsubordinated US Treasury &
Agency Index 0.0% 0.0% 2.6% 35.4% 27.3% 22.5% 12.1% 0.0% 0.0%

DURATION DISTRIBUTION
City of Dublin | Account #10198 | As of March 31, 2025
Portfolio Compared to the Benchmark
24 532
3 Months 12 Months 2 Years 3 Years 5 Years 10 Years Since Inception

TOTAL RATE OF RETURN
City of Dublin 2.08% 5.76% 4.53% 2.95% 1.30% 1.76% 1.68% Benchmark 2.00% 5.50% 3.96% 2.49% 0.71% 1.47% 1.42%
*Periods over 1 year are annualized.

Benchmark: ICE BofA 1-5 Year Unsubordinated US Treasury & Agency Index Total rate of return: A measure of a portfolio’s performance over time. It is the internal rate of return, which equates the beginning value of the portfolio with the ending market value; it includes interest earnings, realized and unrealized gains and losses in the portfolio.

INVESTMENT PERFORMANCE
City of Dublin | Account #10198 | As of March 31, 2025
Total Rate of Return : Inception | 11/01/2013
25 533

PORTFOLIO CHARACTERISTICS
City of Dublin Reporting Account | Account #10219 | As of March 31, 2025 3/31/2025
Portfolio
12/31/2024
Portfolio
Average Maturity (yrs) 0.00 0.00
Average Modified Duration 0.00 0.00
Average Purchase Yield 4.43% 4.60%
Average Market Yield 4.43% 4.60%
Average Quality** AAA AAA
Total Market Value 163,283,342 163,747,668
*Benchmark: NO BENCHMARK REQUIRED
**The credit quality is a weighted average calculation of the highest of S&P, Moody’s and Fitch. 26 534

SECTOR DISTRIBUTION
City of Dublin Reporting Account | Account #10219 | As of March 31, 2025 Sector as a Percentage of Market Value
Sector 03/31/2025 12/31/2024
LGIP 82.64% 82.88%
LAIF 17.17% 16.93%
Cash 0.19% 0.19%
27 535

ISSUERS
City of Dublin Reporting Account | Account #10219 | As of March 31, 2025 Issuer Investment Type % Portfolio
California Asset Mgmt Program LGIP 82.64%
LAIF LAIF 17.17%
Cash Cash 0.19%
TOTAL 100.00%
28 536

CONSOLIDATED INFORMATION
29 537

PORTFOLIO CHARACTERISTICS
City of Dublin Cons | Account #10221 | As of March 31, 2025 3/31/2025
Portfolio
12/31/2024
Portfolio
Average Maturity (yrs) 2.02 2.00
Average Modified Duration 1.69 1.68
Average Purchase Yield 4.14% 4.06%
Average Market Yield 4.26% 4.53%
Average Quality** AA+ AA+
Total Market Value 470,738,671 464,941,399
*Benchmark: NO BENCHMARK REQUIRED
**The credit quality is a weighted average calculation of the highest of S&P, Moody’s and Fitch. 30 538

SECTOR DISTRIBUTION
City of Dublin Cons | Account #10221 | As of March 31, 2025 Sector as a Percentage of Market Value
Sector 03/31/2025 12/31/2024
US Treasury 29.46% 28.95%
LGIP 28.79% 29.33%
Corporate 16.60% 16.41%
ABS 7.71% 7.20%
LAIF 5.98% 5.99%
Supras 5.75% 5.93%
Agency CMBS 2.98% 2.97%
Agency 2.39% 3.00%
Money Mkt Fd 0.27% 0.16%
Cash 0.07% 0.07%
31 539

PORTFOLIO HOLDINGS
32 540

HOLDINGS REPORT
City of Dublin | Account #10198 | As of March 31, 2025
Cusip Security Description Par Value/
Units
Purchase
Date
Purchase
Yield
Cost Value
Book Value
Mkt
Price
Mkt
YTM
Market Value
Accrued Int.
% of Port.

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
ABS
43815GAC3 HAROT 2021-4 A3 0.88
01/21/2026 39,149.22 11/16/2021

0.89%
39,140.97
39,147.80

99.66 4.86%
39,016.19

9.57 0.01%
(131.60)
AAA/NA
AAA

0.81 0.08
47789QAC4 JDOT 2021-B A3 0.52 03/16/2026 20,902.89 07/13/2021

0.52%
20,901.02
20,902.56

99.82 5.22%
20,865.25

4.83 0.01%
(37.30)
AAA/NA
AAA

0.96 0.04
43815BAC4 HAROT 2022-1 A3 1.88
05/15/2026 241,503.75 02/15/2022

1.89%
241,467.42
241,494.97

99.46 4.73%
240,204.00
201.79

0.08%
(1,290.97)

AAA/AAA
NA

1.12 0.19
05602RAD3 BMWOT 2022-A A3 3.21
08/25/2026 170,516.34 05/10/2022

3.23%
170,507.48
170,513.66

99.68 4.55%
169,971.10

91.23 0.06%
(542.56)

AAA/AAA
NA

1.40 0.24
47787JAC2 JDOT 2022 A3 2.32 09/15/2026 193,152.02 03/10/2022

2.34%
193,109.29
193,139.16

99.48 4.16%
192,143.84
199.16

0.06%
(995.31)
AAA/NA
AAA

1.46 0.28
362554AC1 GMCAR 2021-4 A3 0.68
09/16/2026 60,325.22 10/13/2021
0 .68%
60,323.68
60,324.83

99.47 4.91%
60,008.44

17.09 0.02%
(316.39)

AAA/AAA
NA

1.46 0.12
448977AD0 HART 2022-A A3 2.22 10/15/2026 206,725.95 03/09/2022

2.23%
206,717.99
206,723.54

99.56 4.39%
205,820.57
203.97

0.07%
(902.97)
NA/AAA
AAA

1.54 0.
20 380146AC4 GMCAR 2022-1 A3 1.26
11/16/2026 73,445.69 01/11/2022

1.27%
73,439.31
73,443.80

99.47 4.55%
73,059.14

38.56 0.02%
(384.67)
NA/AAA
AAA

1.63 0.16
362585AC5 GMCAR 2022-2 A3 3.1
02/16/2027 256,352.18 04/05/2022

3.13%
256,298.60
256,333.13

99.49 4.67%
255,033.68
331.12

0.08%
(1,299.44)

AAA/AAA
NA

1.88 0.33
47800AAC4 JDOT 2022-B A3 3.74 02/16/2027 469,230.10 07/12/2022

3.77%
469,185.29
469,212.40

99.62 4.59%
467,425.02
779.96

0.15%
(1,787.38)
AAA/NA
AAA

1.88 0.47
448988AD7 HALST 24A A3 5.02 03/15/2027 785,000.00 01/17/2024

5.03%
784,851.24
784,907.45
100.36

4.65%
787,850.57
1,751.42

0.26%
2,943.12
NA/AAA
AAA

1.96 0.85
36269FAD8 GMALT 2024-1 A3 5.09
03/22/2027 995,000.00 02/08/2024

5.09%
994,875.63
994,920.83
100.44

4.59%
999,412.03
1,547.50

0.33%
4,491.20
NA/AAA
AAA

1.97 0.80
8 9238GAD3 TLOT 2024-A A3 5.25 04/20/2027 1,000,000.00 02/21/2024

5.25%
999,957.80
999,972.47
100.63

4.53%
1,006,321.40
1,604.17

0.33%
6,348.93
NA/AAA
AAA

2.05 0.81
02582JJT8 AMXCA 2022-2 A 3.39 05/17/2027 2,205,000.00 05/17/2022

3.42%
2,204,512.25
2,204,971.99

99.84 4.72%
2,201,540.36
3,322.20

0.72%
(3,431.64)
NA/AAA
AAA

0.12 0.12
47800BAC2 JDOT 2022-C A3 5.09 06/15/2027 812,108.88 10/12/2022

5.15%
812,045.86
812,079.58
100.30

4.63%
814,580.78
1,837.17

0.27%
2,501.20
AAA/NA
AAA

2. 21

0.58 36269WAD1 GMALT 2024-2 A3 5.39
07/20/2027 1,055,000.00 05/07/2024

5.85%
1,054,938.71
1,054,955.62
100.94

4.54%
1,064,935.15
1,737.53

0.35%
9,979.53
NA/AAA
AAA

2.30 1.03
33 541

HOLDINGS REPORT
City of Dublin | Account #10198 | As of March 31, 2025
Cusip Security Description Par Value/
Units
Purchase
Date
Purchase
Yield
Cost Value
Book Value
Mkt
Price
Mkt
YTM
Market Value
Accrued Int.
% of Port.

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
58768PAC8 MBART 2022-1 A3 5.21
08/16/2027 1,523,041.93 11/15/2022

5.28%
1,522,740.67
1,522,893.11
100.29

4.70%
1,527,490.89
3,526.69

0.50%
4,597.77

AAA/AAA
NA

2.38 0.51
891943AD4 TLOT 2024-B A3 4.21 09/20/2027 1,925,000.00 09/10/2024

4.25%
1,924,774.78
1,924,814.98

99.61 4.54%
1,917,488.27
2,476.30

0.63%
(7,326.72)
AAA/NA
AAA

2.47 1.35
58770JAD6 MBALT 2024-A A3 5.32
01/18/2028 765,000.00 05/17/2024

5.73%
764,910.50
764,931.49
101.19

4.52%
774,130.28
1,808.80

0.25%
9,198.79
AAA/NA
AAA

2.80 1.38
362583AD8 GMCAR 2023-2 A3 4.47
02/16/2028 560,634.85 04/04/2023

4.51%
560,619.43
560,625.70

99.95 4.59%
560,353.46
1,044.18

0.18%
(272.23)

AAA/AAA
NA

2.88 0.66
36271VAD9 GMALT 2025-1 A3 4.66
02/21/2028 1,260,000.00 02/05/2025

4.66%
1,259,851.32
1,259,857.78
100.46

4.43%
1,265,852.57
1,794.10

0.41%
5,994.79
NA/AAA
AAA

2.90 1.66
05592XAD2 BMWOT 2023-A A3 5.47
02/25/2028 519,166.21 07/11/2023

5.47%
5 19,074.22
519,108.27
100.66

4.59%
522,589.02
473.31

0.17%
3,480.75
NA/AAA
AAA

2.91 0.70
89239FAD4 TAOT 2023-D A3 5.54 08/15/2028 980,000.00 11/07/2023

6.30%
979,894.36
979,925.03
101.51

4.40%
994,757.92
2,412.98

0.33%
14,832.89
NA/AAA
AAA

3.38 1.25
1 61571HT4 CHAIT 2023-1 A 5.16 09/15/2028 3,090,000.00 09/07/2023

5.17%
3,089,143.45
3,089,407.87
101.13

4.39%
3,125,003.52
7,086.40

1.02%
35,595.65
NA/AAA
AAA

3.46 1.37
47800RAD5 JDOT 2024 A3 4.96 11/15/2028 550,000.00 03/11/2024

5.12%
549,969.20
549,976.04
101.00

4.36%
555,497.58
1,212.44

0.18%
5,521.54
AAA/NA
AAA

3.63 1.52
437930AC4 HAROT 2024-2 A3 5.27
11/20/2028 1,000,000.00 05/14/2024

5.27%
999,878.50
999,901.78
101.27

4.44%
1,012,732.40
1,903.06

0.33%
12,830.62
NA/AAA
AAA

3.64 1.43
36268GAD7 GMCAR 2024-1 A3 4.85
12/18/2028 445,000.00 01/09/2024

4.91%
444,910.51
444,932.42
100.57

4.43%
447,532.05
899.27

0.15%
2,599.63
AAA/NA
AAA

3.72 1.20
161571HV9 CHAIT 241 A 4.6 01/16/2029 1,910,000.00 01/24/2024

4.61%
1,909,709.11
1,909,777.50
100.57

4.31%
1,920,843.83
3,904.89

0.63%
11,066.34
NA/AAA
AAA

3.80 1.68
448973AD9 HART 2024-A A3 4.99 02/15/2029 1,170,000.00 0 3/11/2024

5.05%
1,169,742.02
1,169,796.26
100.92

4.43%
1,180,712.17
2,594.80

0.39%
10,915.90
NA/AAA
AAA

3.88 1.50
096919AD7 BMWOT 2024-A A3 5.18
02/26/2029 1,305,000.00 06/04/2024

5.24%
1,304,801.77
1,304,835.63
101.24

4.40%
1,321,150.81
1,126.65

0.43%
16,315.18

AAA/AAA
NA

3.91 1.47
47786WAD2 JDOT 2024-B A3 5.2 03/15/2029 1,110,000.00 06/11/2024

5.26%
1,109,783.00
1,109,818.98
101.45

4.41%
1,126,065.47
2,565.33

0.37%
16,246.49
AAA/NA
AAA

3. 96

1.69 44934QAD3 HART 2024-B A3 4.84 03/15/2029 825,000.00 07/16/2024

4.90%
824,875.51
824,893.95
100.72

4.48%
830,980.43
1,774.67

0.27%
6,086.48
NA/AAA
AAA

3.96 1.77
43813YAC6 HAROT 2024-3 A3 4.57
03/21/2029 1,845,000.00 08/09/2024

4.68%
1,844,710.15
1,844,748.79
100.42

4.36%
1,852,695.50
2,342.13

0.61%
7,946.71
AAA/NA
AAA

3.97 1.65
34 542

HOLDINGS REPORT
City of Dublin | Account #10198 | As of March 31, 2025
Cusip Security Description Par Value/
Units
Purchase
Date
Purchase
Yield
Cost Value
Book Value
Mkt
Price
Mkt
YTM
Market Value
Accrued Int.
% of Port.

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
05522RDJ4 BACCT 2024-1 A 4.93 05/15/2029 1,480,000.00 06/06/2024

4.93%
1,479,916.97
1,479,930.72
101.31

4.32%
1,499,371.28
3,242.84

0.49%
19,440.56

AAA/AAA
NA

4.12 1.97
47800DAD6 JDOT 2025 A3 4.23 09/17/2029 1,465,000.00 03/04/2025

5.09%
1,464,907.85
1,464,909.02

99.92 4.30%
1,463,845.87
3,963.64

0.48%
(1,063.15)
AAA/NA
AAA

4.47 2.38
096924AD7 BMWOT 2025-A A3 4.56
09/25/2029 1,980,000.00 02/04/2025

4.56%
1,979,804.97
1,979,810.52
100.47

4.37%
1,989,268.58
1,504.80

0.65%
9,458.06

AAA/AAA
NA

4.49 2.02
92970QAE5 WFCIT 2024-2 A 4.29 10/15/2029 1,645,000.00 10/17/2024

4.58%
1,644,755.55
1,644,776.94

99.98 4.34%
1,644,645.01
3,136.47

0.54%
(131.93)

AAA/AAA
NA

4.54 2.35
35,931,046.38 100.55 36,131,194.43 11.83% 3.13
Total ABS 35,936,255.23 4.80% 35,932,716.55 4.47% 64,471.01 198,477.88 1.33 AGENCY
3130ATUC9 FEDERAL HOME LOAN BANKS 4.5
12/12/2025 4,000,000.00 02/09/2023

4.22%
4,029,238.40
4,007,196.71
100.21

4.18%
4,008,536.84
54,500.00
1 .31%
1,340.13
AAA/AA
AA

0.70 0.67
3130ATS57 FEDERAL HOME LOAN BANKS 4.5
03/10/2028 3,000,000.00 03/21/2023

4.01%
3,065,010.00
3,038,468.73
101.62

3.91%
3,048,589.08
7,875.00

1.00%
10,120.35
AAA/AA
AA

2.94 2.73
880591EZ1 TENNESSEE VALLEY AUTHORITY

3.875 03/15/2028 2,645,000.00
--
3 .73%
2,661,791.35
2,655,157.99

99.82 3.94%
2,640,368.79
4,555.28

0.86%
(14,789.20)
AAA/AA
AA

2.96 2.76
3130AWMN7 FEDERAL HOME LOAN BANKS

4.375 06/09/2028 1,500,000.00 07/26/2023

4.27%
1,506,615.00
1,504,331.91
101.34

3.92%
1,520,042.51
20,416.67

0.50%
15,710.59
AAA/AA
AA

3.19 2.92
11,262,654.75 100.66 11,217,537.22 3.67% 2.18
Total Agency 11,145,000.00 4.06% 11,205,155.34 4.01% 87,346.94 12,381.87 2.03

AGENCY CMBS
3137BSRE5 FHMS K-059 A2 3.12 09/25/2026 2,000,000.00 02/18/2022

2.08%
2,085,625.00
2,026,881.06

98.34 4.24%
1,966,702.80
5,200.00

0.64%
(60,178.26)

AAA/AAA
AAA

1.49 1.33
3137F4D41 FHMS K-074 A2 3.6 01/25/2028 1,000,000.00 07/25/2023

4.73%
954,414.06
971,684.88

98.28 4.21%
982,828.00
3,000.00

0.32%
11,143.12
AAA/AA
AAA

2.82 2.56
3137FG6X8 FHMS K-077 A2 3.85 05/25/2028 2,815,000.00 05/24/2023

4.24%
2,763,318.36
2,782,634.30

98.77 4.23%
2,780,359.45
9,031.46

0.91%
(2,274.85)
AAA/AA
AAA

3. 15

2.84 3137FK4M5 FHMS K-085 A2 4.06 10/25/2028 1,100,000.00 10/30/2023

5.37%
1,038,253.91
1,056,003.76

99.19 4.26%
1,091,053.92
3,721.67

0.36%
35,050.16
AAA/AA
AA

3.57 3.23
35 543

HOLDINGS REPORT
City of Dublin | Account #10198 | As of March 31, 2025
Cusip Security Description Par Value/
Units
Purchase
Date
Purchase
Yield
Cost Value
Book Value
Mkt
Price
Mkt
YTM
Market Value
Accrued Int.
% of Port.

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
3137FKUP9 FHMS K-087 A2 3.771 12/25/2028 2,500,000.00 07/01/2024

4.86%
2,391,699.22
2,409,861.46

98.28 4.26%
2,456,982.75
7,856.25

0.80%
47,121.29

AAA/AAA
AA

3.74 3.25
3137H5YC5 FHMS K-748 A2 2.26 01/25/2029 2,000,000.00 08/26/2024

4.08%
1,855,937.50
1,875,466.78

93.03 4.28%
1,860,514.00
3,766.67

0.61%
(14,952.78)
AAA/AA
AAA

3.82 3.50
3137H9D71 FHMS K-750 A2 3.0 09/25/2029 2,955,000.00 10/18/2024

4.25%
2,801,478.52
2,815,324.88

95.11 4.29%
2,810,506.41
7,387.50

0.92%
(4,818.47)
AAA/AA
AAA

4.49 3.76
13,890,726.57 97.12 13,948,947.33 4.57% 3.39
Total Agency CMBS 14,370,000.00 4.15% 13,937,857.12 4.26% 39,963.54 11,090.22 2.98 CASH
CCYUSD Receivable 6,119.46 --

0.00%
6,119.46
6,119.46

1.00 0.00%
6,119.46

0.00 0.00%

0.00 AAA/AAA
AAA

0.00 0.00
6,119.46 1.00 6,119.46 0.00% 0.00
Total Cash 6,119.46 0.00% 6,119.46 0.00% 0.00 0.00 0.00

CORPORATE
438516CB0 HONEYWELL INTERNATIONAL INC

1.35 06/01/2025 2,500,000.00 06/23/2020
0 .85%
2,559,500.00
2,501,007.91

99.42 4.82%
2,485,555.70
11,250.00

0.81%
(15,452.21)
A/A
A

0.17 0.17
66815L2J7 NORTHWESTERN MUTUAL
GLOBAL FUNDING 4.0 07/01/2025 2,500,000.00 06/27/2022

4.01%
2,499,150.00
2,499,929.42

99.86 4.51%
2,496,550.13
25,000.00
0 .82%
(3,379.30)
AAA/AA
AAA

0.25 0.25
89114QCK2 TORONTO-DOMINION BANK 0.75
09/11/2025 1,000,000.00 02/16/2021

0.81%
997,230.00
999,728.99

98.35 4.53%
983,524.99
416.67

0.32%
(16,204.00)
A/A
AA

0.45 0.44
808513BR5 CHARLES SCHWAB CORP 1.15
05/13/2026 1,370,000.00 05/11/2021

1.20%
1,366,821.60
1,369,291.56

96.55 4.35%
1,322,691.09
6,039.42

0.43%
(46,600.47)
A/A
A

1.12 1.08
91324PEC2 UNITEDHEALTH GROUP INC 1.15
05/15/2026 2,000,000.00 --

1.90%
1,939,210.15
1,983,788.34

96.56 4.32%
1,931,280.28
8,688.89

0.63%
(52,508.06)
A/A
A

1.12 1.09
89236TJK2 TOYOTA MOTOR CREDIT CORP

1.125 06/18/2026 2,485,000.00 06/15/2021

1.13%
2,483,906.60
2,484,734.74

96.29 4.30%
2,392,702.97
7,998.59

0.78%
(92,031.76)
A/A
A

1.22 1.18
58989V2D5 MET TOWER GLOBAL FUNDING

1.25 09/14/2026 1,285,000.00 09/07/2021

1.27%
1,283,817.80
1,284,656.22

95.68 4.35%
1,229,532.40
758.51

0.40%
(55,123.82)
AA/AA
AA

1.46 1.41
06368FAC3 BANK OF M
ONTREAL 1.25
09/15/2026 2,500,000.00 --

1.29%
2,495,539.50
2,498,700.45

95.54 4.45%
2,388,461.83
1,388.89

0.78%
(110,238.62)
A/A
AA

1.46 1.41
36 544

HOLDINGS REPORT
City of Dublin | Account #10198 | As of March 31, 2025
Cusip Security Description Par Value/
Units
Purchase
Date
Purchase
Yield
Cost Value
Book Value
Mkt
Price
Mkt
YTM
Market Value
Accrued Int.
% of Port.

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
931142ER0 WALMART INC 1.05 09/17/2026 585,000.00 09/08/2021

1.09%
583,894.35
584,676.66

95.76 4.06%
560,221.79
238.88

0.18%
(24,454.87)
AA/AA
AA

1.47 1.42
59217GER6 METROPOLITAN LIFE GLOBAL
FUNDING I 1.875 01/11/2027 1,860,000.00 01/03/2022

1.90%
1,857,879.60
1,859,245.20

95.66 4.44%
1,779,254.98
7,750.00

0.58%
(79,990.22)
AA/AA
AA

1.78 1.71
87612EBM7 TARGET CORP 1.95 01/15/2027 1,340,000.00 01/19/2022

1.99%
1,337,722.00
1,339,180.07

96.25 4.14%
1,289,755.98
5,516.33

0.42%
(49,424.10)
A/A
A

1.79 1.72
808513BY0 CHARLES SCHWAB CORP 2.45
03/03/2027 585,000.00 03/01/2022

2.47%
584,368.20
584,757.45

96.48 4.38%
564,409.47
1,114.75

0.18%
(20,347.98)
A/A
A

1.92 1.85
084664CZ2 BERKSHIRE HATHAWAY FINANCE
CORP 2.3 03/15/2027 2,295,000.00 03/07/2022

2.30%
2,294,563.95
2,294,829.73

96.69 4.08%
2,218,951.14
2,346.00

0.73%
(75,878.60)
AA/AA
A

1.96 1.88
40139LBF9 GUARDIAN LIFE GLOBAL FUNDING

3.246 03/29/2027 765,000.00 03/24/2022

3.25%
765,000.00
765,000.00

97.90 4.36%
7 48,937.69
137.96

0.25%
(16,062.31)
AA/AA
NA

1.99 1.91
023135CF1 AMAZON.COM INC 3.3
04/13/2027 1,750,000.00 04/25/2022

3.34%
1,746,972.50
1,748,760.26

98.32 4.17%
1,720,612.53
26,950.00

0.56%
(28,147.73)
A/AA
AA

2.04 1.91
46647PCB0 JPMORGAN CHASE & CO 1.578
04/22/2027 500,000.00 08/23/2022

4.64%
4 49,845.00
485,086.06

96.97 4.89%
484,831.31
3,484.75

0.16%
(254.75)
A/A
AA

2.06 1.02
927804GH1 VIRGINIA ELECTRIC AND POWER
CO 3.75 05/15/2027 1,000,000.00 --

3.75%
999,773.40
999,885.42

98.69 4.40%
986,947.88
14,166.67

0.32%
(12,937.54)
A/BBB
A

2.12 1.99
14913R3A3 CATERPILLAR FINANCIAL SERVICES
CORP 3.6 08/12/2027 1,375,000.00 --

3.89%
1,357,243.75
1,366,472.53

98.56 4.24%
1,355,253.30
6,737.50

0.44%
(11,219.23)
A/A
A

2.37 2.23
931142EX7 WALMART INC 3.95 09/09/2027 1,500,000.00 --

3.97%
1,498,302.30
1,499,171.60

99.72 4.07%
1,495,823.27
3,620.83

0.49%
(3,348.34)
AA/AA
AA

2.44 2.30
89236TKJ3 TOYOTA MOTOR CREDIT CORP

4.55 09/20/2027 1,500,000.00 11/22/2022

4.88%
1,479,060.00
1,489,268.25
100.49

4.34%
1,507,329.93
2,085.42

0.49%
18,061.68
A/A
A

2.47 2.31
023135CP9 AMAZON.COM INC 4.55
12/01/2027 1,000,000.00 01/17/2023

4.21%
1,014,400.00
1 ,007,781.11
101.06

4.13%
1,010,553.43
15,166.67

0.33%
2,772.32
A/AA
AA

2.67 2.38
89115A2M3 TORONTO-DOMINION BANK 5.156
01/10/2028 3,000,000.00 --

5.28%
2,984,380.00
2,990,523.00
101.69

4.50%
3,050,849.52
34,803.00

1.00%
60,326.52
A/A
AA

2.78 2.54
756109AU8 REALTY INCOME CORP 3.65
01/15/2028 960,000.00 04/10/2023

4.87%
910,540.80
931,018.44

97.84 4.48%
939,311.76
7,397.33

0.31%
8,293.32
A/A
NA

2.79 2.60
24422EWR6 JOHN DEERE CAPITAL CORP 4.75
01/20/2028 2,000,000.00 01/23/2023

4.40%
2,030,780.00
2,017,308.47
101.44

4.20%
2,028,732.70
18,736.11

0.66%
1 1,424.23
A/A
A

2.81 2.58
06051GGF0 BANK OF AMERICA CORP 3.824
01/20/2028 3,000,000.00 --

5.54%
2,824,349.55
2,917,433.01

98.73 5.11%
2,961,993.06
22,625.33

0.97%
44,560.05
A/A
AA

2.81 1.71
37 545

HOLDINGS REPORT
City of Dublin | Account #10198 | As of March 31, 2025
Cusip Security Description Par Value/
Units
Purchase
Date
Purchase
Yield
Cost Value
Book Value
Mkt
Price
Mkt
YTM
Market Value
Accrued Int.
% of Port.

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
06368LGV2 BANK OF MONTREAL 5.203
02/01/2028 2,000,000.00 08/17/2023

5.56%
1,972,380.00
1,982,391.19
101.83

4.51%
2,036,602.36
17,343.33

0.67%
54,211.17
A/A
AA

2.84 2.52
91324PEP3 UNITEDHEALTH GROUP INC 5.25
02/15/2028 1,500,000.00 02/21/2023

4.90%
1,522,890.00
1,513,052.55
102.55

4.29%
1,538,256.05
10,062.50

0.50%
25,203.49
A/A
A

2.88 2.56
46647PAF3 JPMORGAN CHASE & CO 3.54
05/01/2028 2,000,000.00 08/16/2023

5.75%
1,854,340.00
1,918,120.12

98.00 5.00%
1,959,920.34
29,500.00

0.64%
41,800.22
A/A
AA

3.08 1.95
58933YBH7 MERCK & CO INC 4.05 05/17/2028 3,500,000.00 --

4.06%
3,497,960.40
3,498,724.73

99.71 4.15%
3,489,709.79
52,762.50

1.14%
(9,014.94)
AA/A
NA

3.13 2.87
06406RBG1 BANK OF NEW YORK MELLON
CORP 3.992 06/13/2028 1,500,000.00 10/26/2023

6.16%
1,395,930.00
1,436,786.53

99.19 4.72%
1,487,828.58
17,964.00

0.49%
51,042.05
AA/A
AA

3.20 2.06
02665WEM9 AMERICAN HONDA FINANCE
CORP 5.125 07/07/2028 1,370,000.00 10/12/2023

5.60%
1,343,288.50
1,351,537.18
1 01.68

4.56%
1,393,040.81
16,382.92

0.46%
41,503.63
A/A
A

3.27 2.95
78016HZS2 ROYAL BANK OF CANADA 5.2
08/01/2028 2,500,000.00 09/07/2023

5.54%
2,464,100.00
2,475,517.25
101.93

4.57%
2,548,281.33
21,666.67

0.83%
72,764.08
A/A
AA

3.34 3.01
756109BS2 REALTY INCOME CORP 4.7
12/15/2028 1,300,000.00 --

4.98%
1,285,086.00
1,288,170.38
100.33
4 .60%
1,304,307.39
17,990.56

0.43%
16,137.02
A/A
NA

3.71 3.25
91324PEU2 UNITEDHEALTH GROUP INC 4.25
01/15/2029 1,000,000.00 01/23/2024

4.61%
984,020.00
987,819.32

99.39 4.43%
993,885.76
8,972.22

0.33%
6,066.44
A/A
A

3.79 3.43
24422EXH7 JOHN DEERE CAPITAL CORP 4.5
01/16/2029 2,000,000.00 04/18/2024

5.16%
1,945,100.00
1,956,016.53
100.47

4.36%
2,009,464.58
18,750.00

0.66%
53,448.05
A/A
A

3.80 3.42
91159HJK7 US BANCORP 4.653 02/01/2029 1,250,000.00 04/11/2024

5.66%
1,207,450.00
1,218,217.88
100.06

4.86%
1,250,762.25
9,693.75

0.41%
32,544.37
A/A
A

3.84 2.61
17275RBR2 CISCO SYSTEMS INC 4.85
02/26/2029 1,565,000.00 02/21/2024

4.86%
1,564,452.25
1,564,572.17
101.78

4.35%
1,592,927.28
7,379.41

0.52%
28,355.11
A/AA
NA

3.91 3.44
14913UAJ9 CATERPILLAR FINANCIAL SERVICES
CORP 4.85 02/27/2029 2,000,000.00 08/26/2024
4 .19%
2,053,700.00
2,046,616.17
101.60

4.40%
2,031,923.06
9,161.11

0.67%
(14,693.11)
A/A
A

3.91 3.52
00287YDS5 ABBVIE INC 4.8 03/15/2029 1,500,000.00 07/22/2024

4.68%
1,507,245.00
1,506,150.43
101.27

4.45%
1,519,043.55
3,200.00

0.50%
12,893.12
A/A
NA

3.96 3.50
61747YFD2 MORGAN STANLEY 5.164
04/20/2029 2,250,000.00 05/30/2024

5.44%
2,228,212.50
2,232,892.21
101.36

4.97%
2,280,499.76
51,962.75

0.75%
47,607.55
A/A
A

4.05 2.74
437076DC3 HOME DEPOT INC 4.75
06/25/2029 1,875,000.00 07/18/2024

4.59%
1,887,993.75
1,886,115.49
101.23

4.43%
1,897,986.66
2 3,750.00

0.62%
11,871.17
A/A
A

4.24 3.69
95000U3E1 WELLS FARGO & CO 5.574
07/25/2029 2,000,000.00 --

4.92%
2,042,675.00
2,039,359.86
102.72

4.98%
2,054,378.10
20,438.00

0.67%
15,018.24
A/BBB
A

4.32 2.98
38 546

HOLDINGS REPORT
City of Dublin | Account #10198 | As of March 31, 2025
Cusip Security Description Par Value/
Units
Purchase
Date
Purchase
Yield
Cost Value
Book Value
Mkt
Price
Mkt
YTM
Market Value
Accrued Int.
% of Port.

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
025816DH9 AMERICAN EXPRESS CO 5.282
07/27/2029 1,250,000.00 03/27/2025

4.67%
1,273,275.00
1,273,198.50
102.04

4.83%
1,275,469.74
11,554.38

0.42%
2,271.24
A/A
A

4.32 3.00
40139LBJ1 GUARDIAN LIFE GLOBAL FUNDING

4.179 09/26/2029 1,675,000.00 --

4.21%
1,672,866.75
1,673,084.77

98.46 4.56%
1,649,128.54
972.20

0.54%
(23,956.24)
AA/AA
NA

4.49 4.04
57629TBV8 MASSMUTUAL GLOBAL FUNDING
II 4.95 01/10/2030 2,000,000.00 --

4.94%
2,000,626.35
2,000,711.47
100.80

4.76%
2,015,910.48
22,275.00

0.66%
15,199.01
AA/AA
AA

4.78 4.17
46647PEB8 JPMORGAN CHASE & CO 5.012
01/23/2030 1,500,000.00 03/19/2025

4.81%
1,510,215.00
1,510,127.75
101.11

4.88%
1,516,657.70
14,200.67

0.50%
6,529.94
A/A
AA

4.82 3.41
Total Corporate 78,190,000.00 3.99%
77,558,057.55
77,861,417.37

99.52 4.50%
77,780,053.21
620,400.44

25.47%
(81,364.16)

2.75 2.33

MONEY MARKET
FUND
31846V203 FIRST AMER:GVT OBLG Y 1,283,005.90 --

3.97%
1,283,005.90
1,283,005.90

1.00 3.97%
1,283,005.90

0.00 0
.42%

0.00 AAA/AAA
AAA

0.00 0.00
Total Money Market
Fund 1,283,005.90 3.97%
1,283,005.90
1,283,005.90

1.00 3.97%
1,283,005.90

0.00 0.42%

0.00 0.00

0.00 SUPRANATIONAL
4581X0DN5 INTER-AMERICAN DEVELOPMENT
BANK 0.625 07/15/2025 1,685,000.00 01/13/2021

0.53%
1,692,329.75
1,685,468.71

98.91 4.44%
1,666,646.81
2 ,223.26

0.55%
(18,821.90)

AAA/AAA
NA

0.29 0.29
4581X0DV7 INTER-AMERICAN DEVELOPMENT
BANK 0.875 04/20/2026 4,615,000.00 04/13/2021

0.97%
4,593,863.30
4,610,555.04

96.72 4.09%
4,463,612.12
18,059.39

1.46%
(146,942.92)

AAA/AAA
NA

1.05 1.03
459058KT9

INTERNATIONAL BANK FOR

RECONSTRUCTION AND
DEVELOPM 3.5 07/12/2028
5,000,000.00 --

4.35%
4,813,059.00
4,875,079.91

98.51 3.99%
4,925,665.15
38,402.78

1.61%
50,585.24

AAA/AAA
NA

3.28 3.04
45950KDD9 INTERNATIONAL FINANCE CORP

4.5 07/13/2028 1,605,000.00 07/06/2023

4.53%
1,603,218.45
1,603,830.83
101.58

3.98%
1,630,372.15
15,648.75

0.53%
26,541.32

AAA/AAA
NA

3.28 3.00
4581X0DC9 INTER-AMERICAN DEVELOPMENT
BANK 3.125 09/18/2028 3,360,000.00 --

4.33%
3,187,150.40
3,234,897.82

97.24 3.99%
3,267,133.16
3,791.67

1.07%
32,235.34

AAA/AAA
NA

3.47 3.24
4581X0EN4 INTER-AMERICAN DEVELOPMENT
BANK 4.125 02/15/2029 3,000,000.00 02/15/2024

4.34%
2,970,690.00
2,977,221.21
1 00.42

4.01%
3,012,479.25
15,812.50

0.99%
35,258.04

AAA/AAA
NA

3.88 3.53
39 547

HOLDINGS REPORT
City of Dublin | Account #10198 | As of March 31, 2025
Cusip Security Description Par Value/
Units
Purchase
Date
Purchase
Yield
Cost Value
Book Value
Mkt
Price
Mkt
YTM
Market Value
Accrued Int.
% of Port.

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

INTERNATIONAL BANK FOR

RECONSTRUCTION AND
DEVELOPM 3.875 10/16/2029
3,000,000.00 10/22/2024

4.25%
2,972,640.00
2,975,046.60

99.26 4.06%
2,977,735.83
53,281.25

0.98%
2,689.23

AAA/AAA
NA

4.54 4.05
459058LR2

INTERNATIONAL BANK FOR

RECONSTRUCTION AND
DEVELOPM 4.125 03/20/2030
5,000,000.00 03/25/2025

4.23%
4,977,250.00
4,977,325.00
100.20

4.08%
5,010,228.75
6,302.08

1.64%
32,903.75

AAA/AAA
NA

4.97 4.45
Total Supranational 27,265,000.00 3.53%
26,810,200.90
26,939,425.12

98.88 4.06%
26,953,873.22
153,521.68

8.83%
14,448.11

3.27 2.99

US TREASURY
91282CCF6 UNITED STATES TREASURY 0.75
05/31/2026 2,000,000.00 06/18/2021

0.90%
1,985,000.00
1,996,468.15

96.30 4.04%
1,925,937.50
5,027.47

0.63%
(70,530.65)
AAA/AA
AA

1.17 1.14
91282CCW9 UNITED STATES TREASURY 0.75
08/31/2026 2,000,000.00 08/30/2021

0.77%
1,998,515.63
1,999,579.73

95.61 3.98%
1,912,187.50
1,304.35

0.63%
(87,392.23)
AAA/AA
AA

1.42 1.38
91282CDG3 UNITED STATES TREASURY 1.125
10/31/2026 5,000,000.00 --

1.25%
4,970,498.06
4,990,464.36

95.70 3.96%
4 ,784,960.95
23,618.78

1.57%
(205,503.41)
AAA/AA
AA

1.59 1.53
912828Z78 UNITED STATES TREASURY 1.5
01/31/2027 4,500,000.00 --

2.15%
4,367,285.16
4,449,174.31

95.75 3.92%
4,308,750.00
11,187.85

1.41%
(140,424.31)
AAA/AA
AA

1.84 1.78
91282CEN7 UNITED STATES TREASURY 2.75
04/30/2027 7,000,000.00 --

4.26%
6,761,484.38
6,893,346.31

97.71 3.90%
6,840,039.08
8 0,828.73

2.24%
(53,307.23)
AAA/AA
AA

2.08 1.97
91282CEW7 UNITED STATES TREASURY 3.25
06/30/2027 9,000,000.00 --

3.22%
9,018,066.41
9,006,301.58

98.66 3.88%
8,879,067.00
73,529.01

2.91%
(127,234.58)
AAA/AA
AA

2.25 2.13
91282CFM8 UNITED STATES TREASURY 4.125
09/30/2027 10,000,000.00 --

3.95%
10,074,062.50
10,038,665.14
100.58

3.88%
10,058,203.10
1,127.05

3.29%
19,537.97
AAA/AA
AA

2.50 2.35
91282CGC9 UNITED STATES TREASURY 3.875
12/31/2027 10,000,000.00 --

3.70%
10,078,828.13
10,043,970.34

99.98 3.88%
9,997,656.20
97,410.22

3.27%
(46,314.14)
AAA/AA
AA

2.75 2.56
91282CGT2 UNITED STATES TREASURY 3.625
03/31/2028 7,000,000.00 --

3.58%
7,014,042.96
7,008,599.48

99.27 3.88%
6,949,140.66
693.31

2.28%
(59,458.82)
AAA/AA
AA

3.00 2.81
91282CHE4 UNITED STATES TREASURY 3.625
05/31/2028 4,500,000.00 --

4.07%
4,412,773.44
4,443,607.13
9 9.18

3.90%
4,463,085.96
54,673.76

1.46%
19,478.83
AAA/AA
AA

3.17 2.93
91282CHQ7 UNITED STATES TREASURY 4.125
07/31/2028 9,000,000.00 --

4.29%
8,848,203.13
8,895,997.26
100.71

3.90%
9,063,632.79
61,533.15

2.97%
167,635.53
AAA/AA
AA

3.33 3.07
91282CJA0 UNITED STATES TREASURY 4.625
09/30/2028 3,750,000.00 --

4.92%
3,702,089.84
3,716,078.33
102.33

3.91%
3,837,304.69
473.87

1.26%
121,226.35
AAA/AA
AA

3.50 3.21
40 548

HOLDINGS REPORT
City of Dublin | Account #10198 | As of March 31, 2025
Cusip Security Description Par Value/
Units
Purchase
Date
Purchase
Yield
Cost Value
Book Value
Mkt
Price
Mkt
YTM
Market Value
Accrued Int.
% of Port.

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
91282CJN2 UNITED STATES TREASURY 4.375
11/30/2028 5,500,000.00 --

4.03%
5,584,941.41
5,563,117.58
101.55

3.91%
5,585,507.84
80,649.04

1.83%
22,390.26
AAA/AA
AA

3.67 3.32
91282CJR3 UNITED STATES TREASURY 3.75
12/31/2028 5,500,000.00 --

4.00%
5,438,359.38
5,453,179.93

99.41 3.92%
5,467,558.58
51,847.38

1.79%
14,378.65
AAA/AA
AA

3.75 3.43
91282CKD2 UNITED STATES TREASURY 4.25
02/28/2029 13,000,000.00 --

4.44%
12,891,953.13
12,913,008.24
101.17

3.92%
13,152,343.75
48,043.48

4.31%
239,335.51
AAA/AA
AA

3.91 3.57
91282CKP5 UNITED STATES TREASURY 4.625
04/30/2029 12,250,000.00 --

4.42%
12,359,384.76
12,341,919.77
102.61

3.93%
12,569,169.95
237,893.65

4.12%
227,250.18
AAA/AA
AA

4.08 3.63
91282CKX8 UNITED STATES TREASURY 4.25
06/30/2029 6,500,000.00 --

3.96%
6,581,855.47
6,571,259.56
101.22

3.93%
6,579,222.00
69,444.06

2.15%
7,962.44
AAA/AA
AA

4.25 3.82
91282CLK5 UNITED STATES TREASURY 3.625
08/31/2029 2,500,000.00 09/26/2024

3.55%
2,508,203.13
2,507,355.00

98.75 3.94%
2,468,652.35
7 ,880.43

0.81%
(38,702.65)
AAA/AA
AA

4.42 4.02
91282CLN9 UNITED STATES TREASURY 3.5
09/30/2029 3,000,000.00 --

3.97%
2,937,480.47
2,943,054.50

98.18 3.94%
2,945,507.82
286.89

0.96%
2,453.32
AAA/AA
AA

4.50 4.12
91282CFY2 UNITED STATES TREASURY 3.875
11/30/2029 10,000,000.00 --

4.32%
9,801,914.06
9,813,002.29

99.70 3.95%
9,969,531.20
129,876.37

3.26%
1 56,528.91
AAA/AA
AA

4.67 4.18
91282CMG3 UNITED STATES TREASURY 4.25
01/31/2030 6,250,000.00 --

4.15%
6,277,187.51
6,277,327.85
101.28

3.96%
6,330,081.25
44,026.24

2.07%
52,753.40
AAA/AA
AA

4.84 4.31
Total US Treasury 138,250,000.00 3.82%
137,612,128.96
137,865,476.85

99.92 3.92%
138,087,540.17
1,081,355.08

45.21%
222,063.32

3.32 3.04
Total Portfolio 306,445,380.59 3.98%
304,353,940.47
305,031,173.70

99.28 4.16%
305,408,270.94
2,047,058.71
100.00%
377,097.24

3.10 2.60
Total Market Value +
Accrued 307,455,329.64
41 549

HOLDINGS REPORT
City of Dublin Reporting Account | Account #10219 | As of March 31, 2025 Cusip Security Description Par Value/
Units
Purchase
Date
Purchase
Yield
Cost Value
Book Value
Mkt
Price
Mkt
YTM
Market Value
Accrued Int.
% of Port.

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
CASH
CCYUSD Receivable 304,578.33 --

0.00%
304,578.33
304,578.33

1.00 0.00%
304,578.33

0.00 0.19%

0.00 AAA/AAA
AAA

0.00 0.00
Total Cash 304,578.33 0.00%
304,578.33
304,578.33

1.00 0.00%
304,578.33

0.00 0.19%

0.00 0.00

0.00 LAIF
90LAIF$00 Local Agency Investment Fund
State Pool 28,039,989.26 --

4.31%
28,039,989.26
28,039,989.26

1.00 4.31%
28,039,989.26

0.00 17.17%

0.00 NA/NA
NA

0.00 0.00
Total LAIF 28,039,989.26 4.31%
28,039,989.26
28,039,989.26

1.00 4.31%
28,039,989.26

0.00 17.17%

0.00 0.00

0.00 LOCAL GOV

INVESTMENT POOL
90CAMP$00 CAMP 134,938,773.93 --

4.47%
134,938,773.93
134,938,773.93

1.00 4.47%
134,938,773.93

0.00 82.64%

0.00 NA/AAA
AAA

0.00 0.00
Total Local Gov
Investment Pool 134,938,773.93 4.47%
134,938,773.93
134,938,773.93

1.00 4.47%
134,938,773.93

0.00 82.64%

0.00 0.00

0.00 Total Portfolio 163,283,341.52 4.43%
163,283,341.52
163,283,341.52

1.00 4.43%
163,283,341.52

0.00 1

00.00%

0.00 0.00

0.00 Total Market Value +
Accrued 163,283,341.52
42 550

TRANSACTIONS
43 551

TRANSACTION LEDGER
City of Dublin | Account #10198|01/01/2025 Through 03/31/2025| Transaction
Type
Settlement
Date CUSIP Quantity Security Description Price Acq/Disp Yield Amount Interest
Pur/Sold Total Amount Gain/Loss

ACQUISITIONS
Purchase 01/10/2025 57629TBV8 1,055,000.00 MASSMUTUAL GLOBAL FUNDING II 4.95 01/10/2030 99.724 5.01% (1,052,088.20) 0.00 (1,052,088.20) 0.00 Purchase 01/24/2025 57629TBV8 445,000.00 MASSMUTUAL GLOBAL FUNDING II 4.95 01/10/2030 99.767 5.00% (443,963.15) (856.63) (444,819.78) 0.00 Purchase 01/31/2025 91282CMG3 2,000,000.00 UNITED STATES TREASURY

4.25 01/31/2030 99.645 4.33% (1,992,890.63) 0.00 (1,992,890.63) 0.00 Purchase 02/12/2025 096924AD7 1,980,000.00 BMWOT 2025-A A3 4.56 09/25/2029 99.990 4.56% (1,979,804.97) 0.00 (1,979,804.97) 0.00 Purchase 02/12/2025 36271VAD9 1,260,000.00 GMALT 2025-1 A3 4.66 02/21/2028 99.988 4.66% (1,259,851.32) 0.00 (1,259,851.32) 0.00 Purchase 02/28/2025 95000U3E1 500,000.00 WELLS FARGO & CO 5.574 07/25/2029 102.367 4.81% (511,835.00) (2,554.75) (514,389.75) 0.00 Purchase 02/28/2025 57629TBV8 500,000.00 MASSMUTUAL GLOBAL FUNDING II 4.95 01/10/2030 100.915 4.74% (504,575.00) (3,300.00) (507,875.00) 0.00 Purchase 03/11/2025 47800DAD6 1,465,000.00 JDOT 2025 A3 4.23 09/17/2029 99.994 5.09% (1,464,907.85) 0.00 (1,464,907.85) 0.00 Purchase 03/20/2025 46647PEB8 1,500,000.00 JPMORGAN C HASE & CO

5.012 01/23/2030 100.681 4.81% (1,510,215.00) (11,903.50) (1,522,118.50) 0.00 Purchase 03/25/2025 91282CMG3 3,250,000.00 UNITED STATES TREASURY

4.25 01/31/2030 100.672 4.09% (3,271,835.94) (20,222.72) (3,292,058.66) 0.00 Purchase 03/26/2025 459058LR2 5,000,000.00

INTERNATIONAL BANK

FOR RECONSTRUCTION
AND DEVELOPM 4.125
03/20/2030
9 9.545 4.23% (4,977,250.00) (3,437.50) (4,980,687.50) 0.00 Purchase 03/28/2025 025816DH9 1,250,000.00 AMERICAN EXPRESS CO

5.282 07/27/2029 101.862 4.67% (1,273,275.00) (11,004.17) (1,284,279.17) 0.00 Purchase 03/31/2025 91282CMG3 1,000,000.00 UNITED STATES TREASURY

4.25 01/31/2030 101.246 3.96% (1,012,460.94) (6,926.80) (1,019,387.74) 0.00 Total Purchase 21,205,000.00 (21,254,953.00) (60,206.07) (21,315,159.07) 0.00 TOTAL
ACQUISITIONS 21,205,000.00 (21,254,953.00) (60,206.07) (21,315,159.07) 0.00

DISPOSITIONS
44 552

TRANSACTION LEDGER
City of Dublin | Account #10198|01/01/2025 Through 03/31/2025| Transaction
Type
Settlement
Date CUSIP Quantity Security Description Price Acq/Disp Yield Amount Interest
Pur/Sold Total Amount Gain/Loss
Call Redemption 02/13/2025 06051GHY8 (1,250,000.00) BANK OF AMERICA CORP

2.015 02/13/2026 100.000 1.15% 1,250,000.00 0.00 1,250,000.00 0.00 Call Redemption 03/13/2025 46647PBH8 (1,000,000.00) JPMORGAN CHASE & CO

2.005 03/13/2026 100.000 1.21% 1,000,000.00 0.00 1,000,000.00 0.00 Total Call
Redemption (2,250,000.00) 2,250,000.00 0.00 2,250,000.00 0.00 Sale 01/10/2025 02665WDL2 (1,000,000.00) AMERICAN HONDA FINANCE CORP 1.2 07/08/2025 98.281 1.00% 982,810.00 66.67 982,876.67 (18,149.02) Sale 01/31/2025 91282CBT7 (1,000,000.00) UNITED STATES TREASURY

0.75 03/31/2026 96.094 0.85% 960,937.50 2,534.34 963,471.84 (37,888.49) Sale 02/06/2025 3135G06G3 (2,860,000.00)

FEDERAL NATIONAL

MORTGAGE ASSOCIATION

0.5 11/07/2025

97.223 0.57% 2,780,577.80 3,535.28 2,784,113.08 (77,881.60) Sale 03/25/2025 91282CBT7 (3,250,000.00) UNITED STATES TREASURY

0.75 03/31/2026 96.668 0.85% 3,141,708.98 11,785.71 3,153,494.69 (104,952.44) Sale 03/26/2025 459058JL8 (6,000,000.00)

INTERNATIONAL BANK FOR

RECONSTRUCTION AND
DEVELOPM 0.5 10/28/2025

97.789 0.55% 5,867,340.00 12,333.33 5,879,673.33 (130,993.11) Sale 03/28/2025 (1,000,000.00) ROYAL BANK OF CANADA

1.15 06/10/2025 99.314 0 .86% 993,140.00 3,450.00 996,590.00 (7,438.02) Total Sale (15,110,000.00) 14,726,514.28 33,705.33 14,760,219.61 (377,302.68) TOTAL
DISPOSITIONS (17,360,000.00) 16,976,514.28 33,705.33 17,010,219.61 (377,302.68) 45 553

TRANSACTION LEDGER
City of Dublin Reporting Account | Account #10219|01/01/2025 Through 03/31/2025| Transaction
Type
Settlement
Date CUSIP Quantity Security Description Price Acq/Disp Yield Amount Interest
Pur/Sold Total Amount Gain/Loss

ACQUISITIONS
Purchase 01/15/2025 90LAIF$00 322,363.55 Local Agency Investment Fund State Pool 1.000 4.36% (322,363.55) 0.00 (322,363.55) 0.00 Purchase 01/31/2025 90CAMP$00 1,600,000.00 CAMP 1.000 4.54% (1,600,000.00) 0.00 (1,600,000.00) 0.00 Purchase 01/31/2025 90CAMP$00 510,555.30 CAMP 1.000 4.54% (510,555.30) 0.00 (510,555.30) 0.00 Purchase 02/28/2025 90CAMP$00 428,589.16 CAMP 1.000 4.50% (428,589.16) 0.00 (428,589.16) 0.00 Purchase 03/12/2025 90CAMP$00 1,500,000.00 CAMP 1.000 4.47% (1,500,000.00) 0.00 (1,500,000.00) 0.00 Purchase 03/18/2025 90CAMP$00 1,000,000.00 CAMP 1.000 4.47% (1,000,000.00) 0.00 (1,000,000.00) 0.00 Purchase 03/21/2025 90CAMP$00 9,500,000.00 CAMP 1.000 4.47% (9,500,000.00) 0.00 (9,500,000.00) 0.00 Purchase 03/31/2025 90CAMP$00 482,884.94 CAMP 1.000 4.47% (482,884.94) 0.00 (482,884.94) 0.00 Total Purchase 15,344,392.95 (15,344,392.95) 0.00 (15,344,392.95) 0.00 TOTAL
ACQUISITIONS 15,344,392.95 (15,344,392.95) 0.00 (15,344,392.95) 0.00

DISPOSITIONS
Sale 01/31/2025 90CAMP$00 (4,700,000.00) CAMP 1.000 4.54% 4,700,000.00 0.00 4,700,000.00 0.00 Sale 01/31/2025 9 0CAMP$00 (4,500,000.00) CAMP 1.000 4.54% 4 ,500,000.00 0.00 4,500,000.00 0.00 Sale 01/31/2025 90CAMP$00 (1,600,000.00) CAMP 1.000 4.54% 1,600,000.00 0.00 1,600,000.00 0.00 Sale 01/31/2025 90CAMP$00 (1,300,000.00) CAMP 1.000 4.54% 1,300,000.00 0.00 1,300,000.00 0.00 Sale 02/04/2025 90CAMP$00 (500,000.00) CAMP 1.000 4.54% 500,000.00 0.00 500,000.00 0.00 Sale 02/10/2025 90CAMP$00 (1,000,000.00) CAMP 1.000 4.54% 1,000,000.00 0.00 1,000,000.00 0.00 Sale 02/19/2025 90CAMP$00 (2,200,000.00) CAMP 1.000 4.54% 2,200,000.00 0.00 2,200,000.00 0.00 Total Sale (15,800,000.00) 15,800,000.00 0.00 15,800,000.00 0.00 TOTAL
DISPOSITIONS (15,800,000.00) 15,800,000.00 0.00 15,800,000.00 0.00 46 554

IMPORTANT DISCLOSURES
City of Dublin | As of March 31, 2025
2025 Chandler Asset Management, Inc, An Independent Registered Investment Adviser.

Information contained herein is confidential. Prices are provided by ICE Data Services Inc (“IDS”), an independent pricing source. In the event IDS does not provide a price or if the price provided is not reflective of fair market value, Chandler will obtain pricing from an alternative approved third party pricing source in accordance with our written valuation policy and procedures. Our valuation procedures are also disclosed in Item 5 of our Form ADV Part 2A.

Performance results are presented gross-of-advisory fees and represent the client’s Total Return. The deduction of advisory fees lowers performance results. These results include the reinvestment of dividends and other earnings. Past performance may not be indicative of future results. Therefore, clients should not assume that future performance of any specific investment or investment strategy will be profitable or equal to past performance levels. All investment strategies have the potential for profit or loss. Economic factors, market conditions or changes in investment strategies, contributions or withdrawals may materially alter the performance and results of your portfolio.

Index returns assume reinvestment of all distributions. Historical performance results for investment indexes generally do not reflect the deduction of transaction and/or custodial charges or the deduction of an investment management fee, the incurrence of which would have the effect of decreasing historical performance results. It is not possible to invest directly in an index.

Source I CE Data Indices, LLC (“ICE”), used with permission. ICE permits use of the ICE indices and related data on an “as is” basis; ICE, its affiliates and their respective third party suppliers disclaim any and all warranties and representations, express and/or implied, including any warranties of merchantability or fitness for a particular purpose or use, including the indices, index data and any data included in, related to, or derived therefrom. Neither ICE data, its affiliates or their respective third party providers guarantee the quality, adequacy, accuracy, timeliness or completeness of the indices or the index data or any component thereof, and the indices and index data and all components thereof are provided on an “as is” basis and licensee’s use it at licensee’s own risk. ICE data, its affiliates and their respective third party do not sponsor, endorse, or recommend chandler asset management, or any of its products or services.

This report is provided for informational purposes only and should not be construed as a specific investment or legal advice. The information contained herein was obtained from sources believed to be reliable as of the date of publication, but may become outdated or superseded at any time without notice. Any opinions or views expressed are based on current market conditions and are subject to change. This report may contain forecasts and forward-looking statements which are inherently limited and should not be relied upon as indicator of future results. Past performance is not indicative of future results. This report is not intended to constitute an offer, solicitation, recommendation or advice regarding any securities or investment strategy and should not be regarded by recipients as a substitute for the exercise of their own judgment.

Fixed i ncome investments are subject to interest, credit and market risk. Interest rate risk: the value of fixed income investments will decline as interest rates rise. Credit risk: the possibility that the borrower may not be able to repay interest and principal. Low rated bonds generally have to pay higher interest rates to attract investors willing to take on greater risk. Market risk: the bond market in general could decline due to economic conditions, especially during periods of rising interest rates.

Ratings information have been provided by Moody’s, S&P and Fitch through data feeds we believe to be reliable as of the date of this statement, however we cannot guarantee its accuracy.

Security level ratings for U.S. Agency issued mortgage-backed securities (“MBS”) reflect the issuer rating because the securities themselves are not rated. The issuing U.S. Agency guarantees the full and timely payment of both principal and interest and carries a AA+/Aaa/AAA by S&P, Moody’s and Fitch respectively. 47 555

BENCHMARK DISCLOSURES
City of Dublin | Account #10198 | As of March 31, 2025
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. 48 556

TRANSACTION LEDGER
City of Dublin | Account #10198|01/01/2025 Through 03/31/2025| Transaction
Type
Settlement
Date CUSIP Quantity Security Description Price Acq/Disp Yield Amount Interest
Pur/Sold Total Amount Gain/Loss

ACQUISITIONS
Purchase 01/10/2025 57629TBV8 1,055,000.00 MASSMUTUAL GLOBAL FUNDING II 4.95 01/10/2030 99.724 5.01% (1,052,088.20) 0.00 (1,052,088.20) 0.00 Purchase 01/24/2025 57629TBV8 445,000.00 MASSMUTUAL GLOBAL FUNDING II 4.95 01/10/2030 99.767 5.00% (443,963.15) (856.63) (444,819.78) 0.00 Purchase 01/31/2025 91282CMG3 2,000,000.00 UNITED STATES TREASURY

4.25 01/31/2030 99.645 4.33% (1,992,890.63) 0.00 (1,992,890.63) 0.00 Purchase 02/12/2025 096924AD7 1,980,000.00 BMWOT 2025-A A3 4.56 09/25/2029 99.990 4.56% (1,979,804.97) 0.00 (1,979,804.97) 0.00 Purchase 02/12/2025 36271VAD9 1,260,000.00 GMALT 2025-1 A3 4.66 02/21/2028 99.988 4.66% (1,259,851.32) 0.00 (1,259,851.32) 0.00 Purchase 02/28/2025 95000U3E1 500,000.00 WELLS FARGO & CO 5.574 07/25/2029 102.367 4.81% (511,835.00) (2,554.75) (514,389.75) 0.00 Purchase 02/28/2025 57629TBV8 500,000.00 MASSMUTUAL GLOBAL FUNDING II 4.95 01/10/2030 100.915 4.74% (504,575.00) (3,300.00) (507,875.00) 0.00 Purchase 03/11/2025 47800DAD6 1,465,000.00 JDOT 2025 A3 4.23 09/17/2029 99.994 5.09% (1,464,907.85) 0.00 (1,464,907.85) 0.00 Purchase 03/20/2025 46647PEB8 1,500,000.00 JPMORGAN CH ASE & CO

5.012 01/23/2030 100.681 4.81% (1,510,215.00) (11,903.50) (1,522,118.50) 0.00 Purchase 03/25/2025 91282CMG3 3,250,000.00 UNITED STATES TREASURY

4.25 01/31/2030 100.672 4.09% (3,271,835.94) (20,222.72) (3,292,058.66) 0.00 Purchase 03/26/2025 459058LR2 5,000,000.00

INTERNATIONAL BANK

FOR RECONSTRUCTION
AND DEVELOPM 4.125
03/20/2030
99 .545 4.23% (4,977,250.00) (3,437.50) (4,980,687.50) 0.00 Purchase 03/28/2025 025816DH9 1,250,000.00 AMERICAN EXPRESS CO

5.282 07/27/2029 101.862 4.67% (1,273,275.00) (11,004.17) (1,284,279.17) 0.00 Purchase 03/31/2025 91282CMG3 1,000,000.00 UNITED STATES TREASURY

4.25 01/31/2030 101.246 3.96% (1,012,460.94) (6,926.80) (1,019,387.74) 0.00 Total Purchase 21,205,000.00 (21,254,953.00) (60,206.07) (21,315,159.07) 0.00 TOTAL
ACQUISITIONS 21,205,000.00 (21,254,953.00) (60,206.07) (21,315,159.07) 0.00

DISPOSITIONS
44 Attachment 2
557

TRANSACTION LEDGER
City of Dublin | Account #10198|01/01/2025 Through 03/31/2025| Transaction
Type
Settlement
Date CUSIP Quantity Security Description Price Acq/Disp Yield Amount Interest
Pur/Sold Total Amount Gain/Loss
Call Redemption 02/13/2025 06051GHY8 (1,250,000.00) BANK OF AMERICA CORP

2.015 02/13/2026 100.000 1.15% 1,250,000.00 0.00 1,250,000.00 0.00 Call Redemption 03/13/2025 46647PBH8 (1,000,000.00) JPMORGAN CHASE & CO

2.005 03/13/2026 100.000 1.21% 1,000,000.00 0.00 1,000,000.00 0.00 Total Call
Redemption (2,250,000.00) 2,250,000.00 0.00 2,250,000.00 0.00 Sale 01/10/2025 02665WDL2 (1,000,000.00) AMERICAN HONDA FINANCE CORP 1.2 07/08/2025 98.281 1.00% 982,810.00 66.67 982,876.67 (18,149.02) Sale 01/31/2025 91282CBT7 (1,000,000.00) UNITED STATES TREASURY

0.75 03/31/2026 96.094 0.85% 960,937.50 2,534.34 963,471.84 (37,888.49) Sale 02/06/2025 3135G06G3 (2,860,000.00)

FEDERAL NATIONAL

MORTGAGE ASSOCIATION

0.5 11/07/2025

97.223 0.57% 2,780,577.80 3,535.28 2,784,113.08 (77,881.60) Sale 03/25/2025 91282CBT7 (3,250,000.00) UNITED STATES TREASURY

0.75 03/31/2026 96.668 0.85% 3,141,708.98 11,785.71 3,153,494.69 (104,952.44) Sale 03/26/2025 459058JL8 (6,000,000.00)

INTERNATIONAL BANK FOR

RECONSTRUCTION AND
DEVELOPM 0.5 10/28/2025

97.789 0.55% 5,867,340.00 12,333.33 5,879,673.33 (130,993.11) Sale 03/28/2025 (1,000,000.00) ROYAL BANK OF CANADA

1.15 06/10/2025 99.314 0 .86% 993,140.00 3,450.00 996,590.00 (7,438.02) Total Sale (15,110,000.00) 14,726,514.28 33,705.33 14,760,219.61 (377,302.68) TOTAL
DISPOSITIONS (17,360,000.00) 16,976,514.28 33,705.33 17,010,219.61 (377,302.68) 45 558

TRANSACTION LEDGER
City of Dublin Reporting Account | Account #10219|01/01/2025 Through 03/31/2025| Transaction
Type
Settlement
Date CUSIP Quantity Security Description Price Acq/Disp Yield Amount Interest
Pur/Sold Total Amount Gain/Loss

ACQUISITIONS
Purchase 01/15/2025 90LAIF$00 322,363.55 Local Agency Investment Fund State Pool 1.000 4.36% (322,363.55) 0.00 (322,363.55) 0.00 Purchase 01/31/2025 90CAMP$00 1,600,000.00 CAMP 1.000 4.54% (1,600,000.00) 0.00 (1,600,000.00) 0.00 Purchase 01/31/2025 90CAMP$00 510,555.30 CAMP 1.000 4.54% (510,555.30) 0.00 (510,555.30) 0.00 Purchase 02/28/2025 90CAMP$00 428,589.16 CAMP 1.000 4.50% (428,589.16) 0.00 (428,589.16) 0.00 Purchase 03/12/2025 90CAMP$00 1,500,000.00 CAMP 1.000 4.47% (1,500,000.00) 0.00 (1,500,000.00) 0.00 Purchase 03/18/2025 90CAMP$00 1,000,000.00 CAMP 1.000 4.47% (1,000,000.00) 0.00 (1,000,000.00) 0.00 Purchase 03/21/2025 90CAMP$00 9,500,000.00 CAMP 1.000 4.47% (9,500,000.00) 0.00 (9,500,000.00) 0.00 Purchase 03/31/2025 90CAMP$00 482,884.94 CAMP 1.000 4.47% (482,884.94) 0.00 (482,884.94) 0.00 Total Purchase 15,344,392.95 (15,344,392.95) 0.00 (15,344,392.95) 0.00 TOTAL
ACQUISITIONS 15,344,392.95 (15,344,392.95) 0.00 (15,344,392.95) 0.00

DISPOSITIONS
Sale 01/31/2025 90CAMP$00 (4,700,000.00) CAMP 1.000 4.54% 4,700,000.00 0.00 4,700,000.00 0.00 Sale 01/31/2025 9 0CAMP$00 (4,500,000.00) CAMP 1.000 4.54% 4 ,500,000.00 0.00 4,500,000.00 0.00 Sale 01/31/2025 90CAMP$00 (1,600,000.00) CAMP 1.000 4.54% 1,600,000.00 0.00 1,600,000.00 0.00 Sale 01/31/2025 90CAMP$00 (1,300,000.00) CAMP 1.000 4.54% 1,300,000.00 0.00 1,300,000.00 0.00 Sale 02/04/2025 90CAMP$00 (500,000.00) CAMP 1.000 4.54% 500,000.00 0.00 500,000.00 0.00 Sale 02/10/2025 90CAMP$00 (1,000,000.00) CAMP 1.000 4.54% 1,000,000.00 0.00 1,000,000.00 0.00 Sale 02/19/2025 90CAMP$00 (2,200,000.00) CAMP 1.000 4.54% 2,200,000.00 0.00 2,200,000.00 0.00 Total Sale (15,800,000.00) 15,800,000.00 0.00 15,800,000.00 0.00 TOTAL
DISPOSITIONS (15,800,000.00) 15,800,000.00 0.00 15,800,000.00 0.00 46 559

STAFF REPORT

CITY COUNCIL

Agenda Item 5.9
DATE: May 20, 2025
TO: Honorable Mayor and City Councilmembers
FROM: Colleen Tribby, City Manager
SUBJECT: Time Extensions for Economic Development Incentive Programs Prepared by: Rhonda Franklin, Management Analyst II
EXECUTIVE SUMMARY:

The City Council will consider extending the time period for certain Economic Development business incentive programs that are set to expire this year.

STAFF RECOMMENDATION:

Adopt the Resolution Approving Extending the Time Period for the Sales Tax Reimbursement Program, the Traffic Impact Fee (TIF) Deferral Program, the Transit District Multi-Family Residential Development Fee Deferral Program, and the Sewer Capacity Assistance Program.

FINANCIAL IMPACT:

There is no direct cost associated with extending the programs.

DESCRIPTION:

The City of Dublin offers several business incentives to encourage economic vitality. The programs listed below in Table 1 are used as economic development tools that help with the attraction and retention of businesses in Dublin, and they are set to expire in 2025 unless extended.
560

Table 1: Economic Development Incentive Programs Expiring in 2025 Incentive Program Adopted Expiration Proposed Extension to
Sales Tax Reimbursement Program 2009 June 30,
2025
June 30, 2030
Traffic Impact Fee Deferral Program 2009 June 30,
2025
June 30, 2030
Transit District Multi-Family Residential
Development Fee Deferral Program
2011 June 30,
2025
June 30, 2030
Sewer Capacity Assistance Program 2010 June 30,
2025
June 30, 2030
Approving the extension of the programs does not award incentives but simply allows the City to continue offering these tools to support economic development. Each of these incentive programs requires a City Council-approved agreement with individual applicants prior to any benefits being granted.

Sales Tax Reimbursement Program
On January 6, 2009, the City Council adopted Resolution No. 9-09 which allows certain businesses to recover a portion or all of the costs of improvements (site, internal, and external) made to the property. The purpose of the Program is to improve the aesthetic nature and physical appearance of the commercial buildings and promote site improvements to commercial properties in the existing commercial, office, and industrial areas of Dublin. To date, six businesses and/or property owners have participated in the program.

Non-Residential Traffic Impact Fee Deferral Program
On September 1, 2009, the City Council adopted Resolution No. 127-09 approving a Traffic Impact Fee (TIF) Deferral Program which allows non-residential developers to defer Downtown and Eastern Dublin Traffic Impact Fees from being due at the time of building permit issuance to being due at the issuance of the first permanent utility meter for the project (this step is just prior to taking occupancy of the building). This allows the project developer to shift the financing of the fees from the construction loan into the fixed financing for the project.

This program continues to serve as a tool for commercial development and is anticipated to be utilized for future projects in Dublin, specifically for the Downtown and eastern Dublin areas. To date, two developers have participated in the program.

In addition to recommending the program be extended to June 30, 2030, Staff is also recommending that the TIF fee payment date change to June 30, 2032 (two years following the completion of the program).

Transit District Multi-Family Residential Development Fee Deferral Program On December 20, 2011, the City Council adopted Resolution No. 215-11 approving a Transit District Multi-Family Residential development Fee Deferral Program which allows developers of multi-family residential projects of 20 or more units within the Transit District areas of Dublin (around both the East and West Dublin BART stations) to defer certain fees until just prior to 561

installation of the first utility meter for development. To date, three developers have participated in the Program.

Sewer Capacity Assistance Program
On May 4, 2010, the City Council adopted Resolution No. 53-10 approving the creation of a Sewer Capacity Assistance Program in partnership with Dublin San Ramon Services District (DSRSD) to allow the City to transfer unused sewer capacity at City-owned properties to other private properties to encourage the recruitment, renovation, and re-use of properties in Dublin.

To date, 17 businesses and/or property owners have participated in the program.

Extending the City’s economic development incentive programs ensure that Dublin remains competitive in attracting and retaining businesses and new development. These programs provide essential tools that reduce upfront financial barriers, supports reinvestment in existing properties, and stimulates commercial growth.

STRATEGIC PLAN INITIATIVE:

Strategy 1. Economic Development, Small Business Support, and Downtown Dublin Objective D: Continue to evaluate and implement small business programs that provide financial assistance, business development, permit processing, and support services to the community.

NOTICING REQUIREMENTS/PUBLIC OUTREACH:

The City Council Agenda was posted.

ATTACHMENTS:
1) Resolution Approving Extending the Time Period for the Sales Tax Reimbursement Program, the Traffic Impact Fee (TIF) Deferral Program, the Transit District Multi-Family Residential Development Fee Deferral Program, and the Sewer Capacity Assistance Program
562
Attachment 1
Reso. No. XX-25, Item X.X, Adopted 05/20/2025 Page 1 of 2 RESOLUTION NO. XX – 25

A RESOLUTION OF THE CITY COUNCIL

OF THE CITY OF DUBLIN

APPROVING EXTENDING THE TIME PERIOD FOR THE SALES TAX REIMBURSEMENT

PROGRAM, THE TRAFFIC IMPACT FEE (TIF) DEFERRAL PROGRAM, THE TRANSIT

DISTRICT MULTI-FAMILY RESIDENTIAL DEVELOPMENT FEE DEFERRAL PROGRAM,

AND THE SEWER CAPACITY ASSISTANCE PROGRAM
WHEREAS, on January 6, 2009, the City Council adopted Resolution No. 9-09 approving the Sales Tax Reimbursement Program, amended it on December 16, 2014 by Resolution No. 217-14 to extend it through January 6, 2020, and most recently amended it on December 17, 2019 by Resolution No. 133-19 to extend it through June 30, 2025; and WHEREAS, on September 1, 2009 the City Council adopted Resolution No. 1270-09 approving the Traffic Impact Fee (TIF) Deferral Program and amended it on January 20, 2015 by Resolution No. 8-15 to extend it through Fiscal Year 2019-2020, and most recently amended it on December 17, 2019 by Resolution No. 133-19 to extend it through June 30, 2025; and WHEREAS, on December 20, 2011 the City Council adopted Resolution No. 215-11 approving the Transit District Multi-Family Residential Development Fee Deferral Program and amended it on January 20, 2015 by Resolution No. 07-15 to extend it through Fiscal Year 2019- 2020, and most recently amended it on December 17, 2019 by Resolution No. 133-19 to extend it through June 30, 2025; and
WHEREAS, on May 4, 2010 the City Council adopted Resolution No. 135-12 approving the creation of the Sewer Capacity Assistance Program in partnership with Dublin San Ramon Services District (DSRSD) and amended it on April 16, 2019 by Resolution No. 34-19; and WHEREAS, at the request of the City Council, on October 18, 2016 Dublin San Ramon Services District adopted Resolution No. 67-16 to extend the Sewer Capacity Assistance Program to December 31, 2020 and most recently amended it on December 17, 2019 by Resolution No. 133-19 to extend it through June 30, 2025; and
WHEREAS, these four economic development business incentive programs are valuable economic development tools to attract and retain businesses in Dublin, as well as to improve commercial properties in Dublin; and
WHEREAS, these four economic development business incentive programs are set to expire on June 30, 2025.

NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Dublin does hereby amend Sales Tax Reimbursement Program to run through June 30, 2030.

BE IT FURTHER RESOLVEDthat the City Council of the City of Dublin does hereby amend the Traffic Impact Fee (TIF) Deferral Program to run through June 30, 2030 and changes the TIF fee payment date to June 30, 2032 (two years following the completion of the program). 563
Reso. No. XX-25, Item X.X, Adopted 05/20/2025 Page 2 of 2 BE IT FURTHER RESOLVEDthat the City Council of the City of Dublin does hereby amend the Transit District Multi-Family Residential Development Fee deferral Program to run through June 30, 2030.

BE IT FURTHER RESOLVEDthat the City Council of the City of Dublin does hereby amend the Sewer Capacity Assistance Program to run through June 30, 2030.

PASSED, APPROVED AND ADOPTED this 20th day of May 2025, by the following vote:

AYES:

NOES:

ABSENT:

ABSTAIN:
______________________________
Mayor
ATTEST:
_________________________________
City Clerk
564

STAFF REPORT

CITY COUNCIL

Agenda Item 6.1
DATE: May 20, 2025
TO: Honorable Mayor and City Councilmembers
FROM: Colleen Tribby, City Manager
SUBJECT: Engineer’s Reports and the Levy of Special Assessments for Street Lighting Maintenance District 1983-1, Landscape and Lighting District 1983-2, Landscape and Lighting District 1986-1, Landscape and Lighting District 1997-1, Street Lighting District 1999-1
Prepared by: Julius Pickney, Management Analyst II
EXECUTIVE SUMMARY:

The City Council will consider approving the Engineer’s Reports and the levy of special assessments in each of the five assessment districts for Fiscal Year 2025-26. A public hearing is required to set the annual levy. The City Council will also consider directing Staff to initiate the process to increase assessments pursuant to Proposition 218 to address the future funding shortfall for Street Lighting Maintenance District 1983-1.

STAFF RECOMMENDATION:

Conduct the public hearing, deliberate, and take the following actions: 1) adopt the Resolution Approving the Engineer’s Report, Confirming Diagram and Assessment, and Ordering Levy of Assessment for City of Dublin Street Lighting Maintenance District 1983-1, Landscape and Lighting District 1983-2, Landscape and Lighting District 1986-1, Landscape and Lighting District 1997-1, and Street Lighting District 1999-1; and 2) provide direction to Staff regarding initiating the process to propose revisions to the special assessment amounts for Street Lighting Maintenance District 1983-1.

FINANCIAL IMPACT:

A summary of revenues, expenditures, and balances for each assessment district is shown in the table below.
565

Proposed Fiscal Year 2025-26
Assessment District Revenues, Expenditures, and Reserves District
1983-1
(Citywide)
District
1983-2
(Stagecoach
)
District
1986-1
(Willow
Creek)
District
1997-1
(Santa Rita)
District
1999-1
(Dublin
Ranch)
Projected Revenue $327,670 $136,324 $218,480 $415,393 $433,035 Estimated
Expenditures ($439,545) ($100,623) ($113,180) ($727,179) ($415,603) Operating Impact ($111,875) $35,701 $105,300 ($311,786) $17,432 Reserve Balances
Estimated Beginning
Balance1 $562, 821 $335,307 $521,848 $1,221,303 $504,592 (Use of) / Addition to
Reserves ($111,875) $35,701 $105,300 ($311,786) $17,432 Ending Balance
Fiscal Year 2025-26 $450,946 $371,008 $627,148 $909,517 $522,024 1The Fund Balances shown in the table above represent amounts held for both operating reserves and capital replacement.

DESCRIPTION:

On April 15, 2025, the City Council adopted Resolution No. 23-25, approving the Preliminary Engineer’s Reports for each of the five assessment districts, declaring an intent to levy and collect assessments, and setting a public hearing time and place to receive comments on the proposed Fiscal Year 2025-26 assessments. The City Council will conduct the public hearing, deliberate, and consider approving the Engineer’s Reports and ordering the levy of assessments for each of the following five assessment districts:
 Street Lighting Maintenance District 1983-1
 Landscape and Lighting District 1983-2
 Landscape and Lighting District 1986-1
 Landscape and Lighting District 1997-1
 Street Lighting District 1999-1
The five assessment districts formed under the Landscaping and Lighting Act of 1972 are briefly described below. More detailed information about each district, including a map showing the boundary of each district, can be found in Attachments 2 through 6.

Street Lighting Maintenance District 1983-1
This District was established to replace the County Service Area, which had paid maintenance and energy costs for public streetlights within the City of Dublin. This assessment district encompasses the entire City, except for the Dublin Ranch area, the Clifton Park development in the western hills, Tracts 7067, 8024, 8073 and 8074, and the Jordan Ranch, Boulevard, 566

Tassajara Hills, and Francis Ranch developments. The City Council approved formation of this District on August 2, 1983, with the initial assessment in the 1984-85 tax year.

The maximum assessment allowed under the authorizing documents is $19.34 per unit for residential uses and $106.37 per acre for commercial uses. The maximum assessment has been levied since Fiscal Year 2007-08. There is no provision in the formation documents to increase the levy. As noted in the Engineer’s Report, any increase would require the approval of the property owners subject to the assessment.

In Fiscal Year 2025-26, there is an increase in the budgeted utilities cost due to increasing electricity rates. Overall, District costs are projected to exceed annual revenues, resulting in a draw on District fund balance to continue operations. Since there is no authorized annual escalator for the assessments, the District is anticipated to continue drawing from available fund balance in future years to cover costs. It is projected that the District has sufficient fund balance to cover costs through Fiscal Year 2028-29. At that point, absent any voter-approved increase to the assessments, the General Fund will need to cover the difference (about $150,000 in Fiscal Year 2029-30) on an annual basis.

At the April 15 meeting, the City Council directed Staff to investigate increasing the District’s assessment pursuant to Proposition 218 to address the future funding shortfall. That information is included later in this report.

The proposed assessment amount for Fiscal Year 2025-26 remains the same as the prior year, as shown in the table below. Assessments are per parcel for residential uses and are per acre for commercial, industrial, and institutional uses.

Street Lighting Maintenance District 1983-1
Property Type
Current
Fiscal
Year
Proposed
Fiscal
Year
2025-26
Annual
Change
Single Family Residential $19.34 $19.34 $0
Condominium Residential $19.34 $19.34 $0
Duplex, Multi Family Residential $38.68 $38.68 $0
Triplex, Multi Family Residential $58.02 $58.02 $0
Fourplex, Multi Family Residential $77.36 $77.36 $0
Apartments, Multi Family Residential $116.04 $116.04 $0 Commercial/Industrial/Institutional $106.37 $106.37 $0
Vacant Commercial/Industrial/Institutional $53.18 $53.18 $0 Rural $9.67 $9.67 $0
Exempt, Cemeteries, Common Open
Space $0.00 $0.00 $0
Landscaping and Lighting District 1983-2 (Stagecoach Road) This District provides funds for the maintenance of certain landscape improvements. The District's boundaries include all of Tract 4719 and cover the 150-unit single-family Dublin Hills 567

Estates development and the Amador Lakes development. The City Council approved formation of this District on January 23, 1984, with the initial assessment in the 1985-86 tax year.

The spread of assessments assigns 61.6% of the total assessment to the single-family homes of Dublin Hills Estates and 38.4% to the Amador Lakes Apartments. Details related to the budgeted expenditures can be found within the Fiscal Year 2025-26 Engineer’s Report (Attachment 3).

The assessment methodology approved in Fiscal Year 2003-04 by property owners in the District includes an escalation clause that allows for adjustments to the assessment according to the Consumer Price Index and the utility cost increases. These factors are updated in the Engineer’s Report on an annual basis. The maximum assessment in the Engineer’s Report for Fiscal Year 2025-26 is $531.10 per single family residence and $89.81 per multi-family residence.

The assessments for Fiscal Year 2025-26 are proposed to be increased 1.95% over the prior year to the maximum allowed, as shown in the table below. This will fund routine operations as well as needed repairs to irrigation. Assessments are per parcel for single family homes and are per unit for multi-family residential apartments or condominiums.

Stagecoach Road Assessments (District 1983-2)
Property Type
Current
Fiscal
Year
Proposed
Fiscal Year
2025-26
Annual
Change
Dublin Hills Estate - Single Family Homes $520.93 $531.10 $10.17 Amador Lakes - Apt/Condominiums $88.08 $89.81 $1.73
Exempt, Cemeteries, Common Open
Space $0.00 $0.00 $0.00
Landscaping and Lighting District 1986-1 (Villages at Willow Creek) This District was formed with the initial assessment in the 1987-88 tax year and encompasses the Villages at Willow Creek development off Dougherty Road and north of Amador Valley Boulevard.

The work performed by this District includes litter pickup, maintenance of sound walls, and landscaping along Dougherty Road between Amador Valley Boulevard and Fall Creek Road, along Amador Valley Boulevard between Dougherty Road and Wildwood Road, and along Wildwood Road, Fall Creek Road, Shady Creek Drive, and Willow Creek Drive. Landscaping within the condominium and apartment developments is the responsibility of the homeowners' association or property owners for those individual developments. The landscaping along and within the Alamo Creek channel area is not included in the assessment district as it is the responsibility of the Alameda County Flood Control and Water Conservation District (Zone 7).

The assessment methodology approved in 2001 by property owners in the District includes an escalation clause that allows for adjustments to the assessment according to the Consumer 568

Price Index and the utility cost increases. These factors are updated in the Engineer’s Report on an annual basis. The maximum assessment in the Engineer’s Report for Fiscal Year 2025- 26 is $320.00 per single family residence, $160.00 per multi-family residence, and $1,280.00 for commercial property (Attachment 4).

The assessments for Fiscal Year 2025-26 are proposed to be increased 1.64% over the prior year to the maximum assessments allowed, as shown in the table below. Assessments are per parcel for single family homes, are per unit for multi-family residential apartments or condominiums and are per parcel for commercial uses.

Villages at Willow Creek Assessments (District 1986-1)
Property Type
Current
Fiscal Year
Proposed
Fiscal
Year
2025-26
Annual
Change
Single Family Homes $314.83 $320.00 $5.17
Amador Lakes - Apt/Condominiums $157.42 $160.00 $2.58
Commercial $1,259.32 $1,280.00 $20.68
Exempt, Cemeteries, Common Open
Space $0.00 $0.00 $0.00
Landscaping and Lighting District 1997-1 (Santa Rita Area) This District was formed in 1996 at the request of the Alameda County Surplus Property Authority. The initial assessment was levied in Fiscal Year 1997-98. The area covered by this District is bound by Gleason Drive on the north, Interstate 580 on the south, Arnold Road on the west, and Tassajara Road on the east.

The District maintains portions of roadside landscaping for Dublin Boulevard, Hacienda Drive, Central Parkway, Arnold Road, Tassajara Road (westerly portion), and Gleason Drive. The District also maintains the trail and landscaping along the Tassajara Creek channel. Median landscape maintenance is not included in this District.

As provided in the Engineer’s Report (Attachment 5), individual lots in residential subdivisions are assessed based on density. The original Engineer’s Report for this District provided for an initial maximum assessment of $710.00 per acre, which is updated annually based on the change in the Consumer Price Index as well as actual increases in the cost of utilities. The maximum assessment per acre in the Engineer’s Report for Fiscal Year 2025-26 is $1,771.56 per acre.

A beautification project along Central Parkway’s north and south planter strips, which will include irrigation repairs, transitioning to drought-tolerant landscaping, and adding mulch is planned in Fiscal Year 2025-26. The project is estimated to cost approximately $350,000.

The assessments for Fiscal Year 2025-26 are proposed to be increased by 2.28% over the prior year to $924.54 per acre. This is approximately 52% of the maximum allowable assessment. The Fiscal Year 2025-26 proposed budget includes the one-time use of $311,786 569

in reserve funds in addition to the annual assessments. Assessments are per parcel for single family homes, are per unit for multi-family residential apartments or condominiums, and are per acre for other uses. The assessment amounts for residential uses vary depending upon the residential density of each subdivision.

Santa Rita Area Assessments (District 1997-1)
Property Type
Current
Fiscal
Year
Proposed
Fiscal
Year
2025/26
Annual
Change
California Creekside Single‐Family Residential
(SFR) $128.52 $131.46 $2.94
California Brookside Multi‐Family Residential
(MFR) $55.69 $56.96 $1.27
Summer Glen ‐ Richmond American (North) Lots $112.54 $115.12 $2.58 Summer Glen ‐ Richmond American (South) Lots $123.85 $126.68 $2.83 Summer Glen ‐ Kaufman & Broad Lots $172.36 $176.30 $3.94 Summer Glen ‐ Pulte Lots $216.24 $221.19 $4.95
Dublin Greene Tract 7084 Single Family
Residential $136.13 $139.25 $3.12
Dublin Greene Tract 7149 Single Family
Residential $102.50 $104.85 $2.35
Dublin Greene Tract 7149 Condominiums $53.43 $54.65 $1.22 Other Parcels Including Retail, Office, and
Industrial $903.85 $924.54 $20.69
Street Lighting District 1999-1 (Dublin Ranch)
This District funds the electric energy, maintenance, and repair costs associated with street lighting that has been installed in the Dublin Ranch area and Tracts 7067, 7586, 8024, 8073, 8074, 8102 and 8563. The City Council approved formation of this District on June 1, 1999, with the initial assessment in the 1999-2000 tax year. The District also includes a Capital Improvement Fund (CIF) reserve, which has been used to fund pole painting and conversion of older lights to energy-efficient light emitting diode (LED) technology. The LED project is funded and underway, as part of the Citywide Energy Improvements project, CIP No. GI0121.

The assessment methodology in the original Engineer’s Report for this District includes an escalation clause that allows for adjustments to the assessment according to the Consumer Price Index and utility cost increases (Attachment 6). These factors are updated in the Engineer’s Report on an annual basis. The maximum assessment in the Engineer’s Report for Fiscal Year 2025-26 is $82.68 per single family residence and $454.74 per acre for commercial parcels.

The assessments for Fiscal Year 2025-26 are proposed to be increased 1.15% over the prior year to keep pace with electricity costs. Assessments are per parcel for single family homes and are per acre for commercial uses. Fiscal Year 2025-26 assessments shown in the table below are approximately 58% of the maximum allowable assessment. 570

Dublin Ranch Street Lighting Assessments (District 1999-1) Property Type
Current
Fiscal
Year
Proposed
Fiscal
Year
2025-26
Annual
Change
Single Family Residential $41.57 $47.80 $6.24
Commercial $228.62 $262.91 $34.29
Exempt, Cemeteries, Common Open
Space $0.00 $0.00 $0.00
Public Hearing
Before approving the Engineer’s Reports (Attachments 2-6) and ordering the levy of assessments for the five assessment districts, the City Council must conduct a public hearing.

Prior to, or during the public hearing, any interested person may file a written protest of the proposed assessments or may withdraw a previously filed protest. A written protest shall state all grounds of objection and a protest by a property owner shall contain a description sufficient to identify the property owned by such property owner. At the public hearing, all interested persons shall be afforded the opportunity to hear and be heard.

Assessment Increase for Street Lighting Maintenance District 1983-1 Landscaping and Lighting Act of 1972
The Landscaping and Lighting Act of 1972 is codified as State law in the Streets and Highways Code, Division 15, Part 2. The 1972 Act allows local government agencies to form a District for the purpose of financing the costs and expenses of land acquisition, installation, construction, maintenance, and servicing for, and of, landscaping, lighting, and related utilities and other improvements in public areas. The City of Dublin Street Lighting Maintenance District 1983-1 was formed in 1983 by the City Council in accordance with the 1972 Act. The District was formed to take over the responsibility of public street light maintenance that had previously been funded through a County Service Area, prior to incorporation of the City of Dublin.

Proposition 218, the “Right to Vote on Taxes Act”
Proposition 218, approved by California voters in 1996, established procedural and substantive requirements for local public agencies seeking to establish new assessments or increase assessments beyond previously authorized maximum rates. Proposition 218 requires voter approval to impose or increase general taxes, assessments, and certain user fees.

Proposition 218 also sets forth specific steps to ensure that property owners are properly informed, that assessments are fairly calculated based on the special benefit each property receives, and that property owners have the opportunity to express support or opposition.

Per Proposition 218, to increase an assessment or establish a new assessment, a local agency must prepare an Engineer’s Report describing the improvements and services to be funded through the proposed assessment. Prior to completing the Engineer’s Report, a comprehensive benefit analysis must be conducted, which separates the general benefits the improvements and services provide to the public at large from the special benefits conferred to 571

properties that will be subject to the assessment. The general benefits to the public at large cannot be funded by the proposed assessment and must be paid for using an alternative funding source.

Street Lighting Maintenance District 1983-1 was formed prior to the approval of Proposition 218 and did not include a distinction between general benefits and special benefits. Currently, the District funds the electricity for and maintenance of public streetlights throughout the district, including public streetlights on minor residential streets, major thoroughfares, arterials, and collector streets. The required comprehensive benefit analysis will likely conclude that there is a general benefit to the public at large along thoroughfares and arterials, as these facilities accommodate through traffic. As such, the City would be required to fund the electricity and maintenance costs of this general benefit if the assessments were increased.

The extent of general benefit would be determined through a comprehensive benefit analysis.

The Engineer’s Report will also include the estimated cost to provide the improvements and services, and the method of apportionment for the proposed assessment. Property owners must be notified of the proposed assessment and must be mailed ballots at least 45 days prior to a scheduled public hearing. Following the close of the public hearing, the returned ballots will be tabulated to determine if there is a majority protest. Each returned ballot is weighted by the proposed assessment (i.e., one vote per proposed dollar of assessment). If a majority of the weighted ballots do not oppose the proposed assessment, the City Council may proceed with approving the proposed assessment to commence in the ensuing fiscal year.

The steps required to approve new or increased assessments for a Landscaping and Lighting Assessment Districts are as follows:
 Establish the budget and revenue needed to provide the improvements and services.  Perform a comprehensive benefit analysis to quantify and separate general benefits to the public at large versus special benefits to properties subject to the proposed assessment.
 Determine the proposed assessment rates based on the benefit analysis.  Present the findings of the benefit analysis and the proposed assessment rates to the City Council for approval.
 Prepare the required Engineer’s Report pursuant to Proposition 218 and the Landscaping and Lighting Act of 1972.
 Present the Engineer’s Report to City Council for preliminary approval and to authorize the mailing of notices and ballots to property owners pursuant to Proposition 218.  Mail notices and ballots to property owners a minimum of 45 days prior to public hearing.
 Hold public hearing, tabulate returned ballots, and determine if a majority protest exists.  If there is no majority protest, the City Council can approve the proposed assessments for placement on the property tax bills for the ensuing fiscal year. 572

If the City Council directs Staff to proceed with an increased assessment for Street Lighting Maintenance District 1983-1, Staff will first procure the services of a consultant firm with expertise in special assessment districts and public outreach. The cost of these services, including noticing and balloting approximately 12,000 parcels within the District, is estimated to be between $150,000 and $200,000, and could be eligible as a District expenditure.

STRATEGIC PLAN INITIATIVE:

Strategy 5: Long-Term Infrastructure and Sustainability Investments.

Objective A: Continue to explore funding mechanisms for capital and ongoing maintenance needs
NOTICING REQUIREMENTS/PUBLIC OUTREACH:

The City Council Agenda was posted.

ATTACHMENTS:
1) Resolution Approving the Engineer’s Report, Confirming Diagram and Assessment, and Ordering Levy of Assessment for City of Dublin Street Lighting Maintenance District 1983- 1, Landscape and Lighting District 1983-2, Landscape and Lighting District 1986-1, Landscape and Lighting District 1997-1, and Street Lighting District 1999-1 2) Engineer’s Report for Street Lighting Maintenance District 1983-1 3) Engineer’s Report for Landscape and Lighting District 1983-2 4) Engineer’s Report for Landscape and Lighting District 1986-1 5) Engineer’s Report for Landscape and Lighting District 1997-1 6) Engineer’s Report for Street Lighting District 1999-1 573
Attachment 1
Reso. No. XX-25, Item X.X, Adopted XX/XX/2025 Page 1 of 2 RESOLUTION NO. XX – 25

A RESOLUTION OF THE CITY COUNCIL

OF THE CITY OF DUBLIN

APPROVING THE ENGINEER'S REPORT, CONFIRMING DIAGRAM AND ASSESSMENT,

AND ORDERING LEVY OF ASSESSMENT FOR CITY OF DUBLIN STREET LIGHTING MAINTENANCE DISTRICT NO. 1983-1, LANDSCAPE AND LIGHTING DISTRICT 1983-2, LANDSCAPE AND LIGHTING DISTRICT 1986-1, LANDSCAPE AND LIGHTING DISTRICT 1997-1, AND STREET LIGHTING DISTRICT 1999-1
WHEREAS, by its Resolution No. 01-25, directing preparation of annual reports for City of Dublin Street Lighting Maintenance Districts and Landscape and Lighting Districts (the “Districts”), the City Council designated the City Engineer, or their designee, as Engineer of Work and ordered said Engineer to make and file a report in writing in accordance with and pursuant to the Landscaping and Lighting Act of 1972; and
WHEREAS, by its Resolution No. 23-25 (the “Resolution”), said reports were made and filed with the City Clerk and duly considered by this Council and found to be sufficient in every particular, whereupon it was determined that said reports should stand as Engineer's Reports for all subsequent proceedings under and pursuant to the aforesaid Resolution and that May 20, 2025, at 7:00 p.m. in the Peter W. Snyder Council Chambers, Dublin Civic Center, 100 Civic Plaza, Dublin, California, was appointed as the time and place for a hearing by the City Council on the question of the levy of the proposed assessment, notice of which hearing was published and posted in accordance with the Landscaping and Lighting Act of 1972; and WHEREAS, at the appointed time, said hearing was held, and all persons interested and desiring to be heard were given an opportunity to be heard, and all matters pertaining to said levy were heard and considered by this City Council, and this City Council thereby acquired jurisdiction to order said levy and confirmation of diagram and assessment prepared by and made a part of the reports of said Engineer to pay the cost and expenses thereof.

NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Dublin does hereby approve that:
a) The property owners owning more than fifty percent of the area of assessable land within each of the Districts had not, at the conclusion of said hearing, filed written protests against the said proposed levy, or against the engineer's estimate of costs and expenses, or against the maps and description, or against the diagram or the assessment to pay for the costs and expenses thereof;
b) The public interest, convenience, and necessity require that said levy be made; and c) The Districts benefited by said improvements and to be assessed to pay the costs and expenses thereof, and the exterior boundaries thereof are as shown by a map thereof filed in the office of the City Clerk, which map is made a part hereof by reference thereto. 574
Reso. No. XX-25, Item X.X, Adopted XX/XX/2025 Page 2 of 2 PASSED, APPROVED AND ADOPTED this 20th day of May 2025, by the following vote:

AYES:

NOES:

ABSENT:

ABSTAIN:
______________________________
Mayor
ATTEST:
_________________________________
City Clerk
575
Street Lighting Maintenance
District No. 1983-1
Fiscal Year 2025-26
Final Engineer’s Report
May 20, 2025
Attachment 2
576
CITY OF DUBLIN FISCAL YEAR 2025-26
STREET LIGHTING MAINTENANCE DISTRICT No. 1983-1 TABLE OF CONTENTS i

Table of Contents

Page No.

Certificate ......................................................................................... ii Section I - Introduction ..................................................................... 1 Section II – Engineer’s Report ......................................................... 3 Part A – Plans and Specifications ......................................... 5 Part B – Estimate of Cost ...................................................... 7 Part C – Assessment District Diagram ................................ 10 Part D – Method of Apportionment of Assessments ............ 12 Part E - Assessment Roll .................................................... 17

577
CITY OF DUBLIN FISCAL YEAR 2025-26
STREET LIGHTING MAINTENANCE DISTRICT No. 1983-1 CERTIFICATE ii

ENGINEER'S REPORT

CITY OF DUBLIN
STREET LIGHTING MAINTENANCE DISTRICT NO. 1983-1
FISCAL YEAR 2025-26

The undersigned, acting on behalf of Francisco & Associates respectfully submits the enclosed Engineer's Report as directed by the Dublin City Council pursuant to the provisions of Article XIIID, Section 4 of the California Constitution, provisions of the Landscaping and Lighting Act of 1972 and Section 22500 et al of the California Streets and Highways Code. The undersigned certifies that he is a Professional Engineer, registered in the State of California.

Dated: May 5, 2025 By:

Eduardo Espinoza, P.E.

RCE # 83709

578
CITY OF DUBLIN FISCAL YEAR 2025-26
STREET LIGHTING MAINTENANCE DISTRICT No. 1983-1 INTRODUCTION 1 SECTION I

INTRODUCTION

The City of Dublin (“City”) levies and collects special assessments on parcels within the City of Dublin Street Lighting Maintenance Assessment District No. 1983-1 (“District”) to maintain the public street lighting improvements. The District was initially formed in 1983 to provide a dedicated source of funding for the ongoing maintenance of street lighting improvements within the boundaries of the District.

The assessments and method of apportionment described in this Engineer’s Report (“Report”) utilize commonly accepted assessment engineering practices and have been calculated and proportionately spread to each parcel based on the special benefits received as approved by the City Council at the time the District was formed.

General Description of the District

The District was created in 1983 to replace the County of Alameda Lighting Service Area within the City of Dublin and to fund the maintenance and servicing costs for the City’s street lighting system. I n Fiscal Year 1995-96, the City of Dublin acquired the PG&E owned streetlights within the District to reduce maintenance costs. The District includes all parcels that were within the County of Alameda Lighting Service Area which includes all parcels within the City except for Dublin Ranch, the Clifton Park development in the western hills, Tracts 7067, 8024, 8073 and 8074, the Jordan Ranch development, the Tassajara Hills development, and the Francis Ranch development.

A reduced copy of the Assessment Diagram showing the exterior boundaries of the District is provided in Part C of this Report.

Compliance with the California Constitution

Assessments are levied annually within the District pursuant to the Landscape and Lighting Act of 1972, Part 2 of Division 15 of the California Streets and Highways Code (“1972 Act”). All assessments described in this Report and approved by the City Council are prepared in accordance with the 1972 Act and are compliant with the provisions of the California Constitution Article XIIID (“Article XIIID”), which was enacted with the passage of Proposition 218 in November 1996. Pursuant to Article XIIID Section 5, certain existing assessments are exempt from the substantive and procedural requirements of Article XIIID Section 4. Specifically, Article XIIID Section 5(a) exempted:

“Any assessment imposed exclusively to finance the capital costs or maintenance and operat ion expenses for sidewalks, streets, sewers, water, flood control, drainage systems or vector control. Subsequent increases in such assessments shall be subject to the procedures and approval process set forth in Section 4.”

579
CITY OF DUBLIN FISCAL YEAR 2025-26
STREET LIGHTING MAINTENANCE DISTRICT No. 1983-1 INTRODUCTION 2 The City has determined t hat the annual assessments o riginally established for the District w ere for the maint enance and operat ion of streetlights w ithin the publ ic st reet rights-of-way. As such , pur suant to Article XIIID Section 5 (a), the pre –existing assessment amou nt has been exempted from the proc edural requirem ents of Artic le XIIID S ection 4 since t he amount of the assessment has not increased since the passage of Proposition 218.

Any future increase in the assessment ra te or substa ntial changes in the services provided wo uld require that the Distr ict be brought into com pliance w ith a ll the requirements of Article XIIID a nd w ould require the approval of the property o wners subject to the assessment based u pon a mailed ballot w hich would be sent to each property owner.

Summary of District

The table below summarizes the assessments to be levied for each property type. As shown in Part B of this Report, the estimated expenditures are anticipated to exceed the projected revenues in Fiscal Year (FY) 2025 -26 and FY 2026-27, requiring transfers from the available fund balance to cover the annual operation and maintenance costs. If expenditures continue to exceed assessment revenues, ongoing fund balance transfers will be necessary, potentially depleting reserves over time. Should this circumstance occur, t his may require a significant reduction in service levels in future years so that expenditures match assessment revenues or the City will need to contribute to the District from other available funds or increase the current assessment rate by receiving approval by property owners within the District.

Property Type Assessment Rate
Single Family Residential (SFR) $19.34 per Parcel
Condominium $19.34 per Parcel
Duplex, Multi
‐
Family Residential $38.68 per Parcel
Triplex, Multi
‐
Family Residential $58.02 per Parcel
Fourplex, Multi
‐
Family Residential $77.36 per Parcel
Apartments, Multi
‐
Family Residential $116.04 per Parcel
Commercial/Industrial/Institutional $106.37 per Acre
Vacant Commercial/Industrial/Institutional $53.18 per Acre Rural $9.67 per Parcel
Exempt, Cemeteries, Common Open Space $0.00 per Parcel
TABLE 1: ASSESSMENTS TO BE LEVIED
Street Lighting Maintenance District No. 1983-1
580
CITY OF DUBLIN FISCAL YEAR 2025-26
STREET LIGHTING MAINTENANCE DISTRICT No. 1983-1 ENGINEER’S REPORT 3 SECTION II

ENGINEER'S REPORT PREPARED PURSUANT TO THE PROVISIONS
OF LANDSCAPING AND LIGHTING ACT OF 1972 SECTION 22500
THROUGH 22679 OF THE CALIFORNIA

STREETS AND HIGHWAYS CODE

CITY OF DUBLIN

STREET LIGHTING MAINTENANCE DISTRICT NO. 1983-1
FISCAL YEAR 2025-26

Pursuant to the Landscaping and Lighting Act of 1972 (Part 2 Division 15 of the Streets and Highways Code of the State of California, commencing with Section 22500), and in accordance with the Resolution of Intention, adopted by the City Council of the City of Dublin on April 15, 202 5, I, Eduardo Espinoza, the duly appointed Engineer of Work, Assessment Engineer for the City of Dublin Street Lighting Maintenance District No. 1983-1 (the “District”) submit the following Report, consisting of Section I (Introduction), and this, Section II (Engineer’s Report), which consists of five (5) parts as follows:

PART A: PLANS AND SPECIFICATIONS

This part describes the improvements maintained by the District. Plans and specifications for the improvements are on file in the Office of the Director of Public Works of the City of Dublin and are incorporated herein by reference.

PART B: ESTIMATE OF COST

This part contains an estimate of the cost of the proposed improvements to be maintained for Fiscal Year 2025-26, including incidental costs and expenses in connection therewith.

The estimate is attached hereto and is on file in the Office of the Director of Public Works of the City of Dublin.

PART C: ASSESSMENT DISTRICT DIAGRAM

This part incorporates a Diagram of the District showing the exterior boundaries of the District, the boundaries of any zones within the District and the lines and dimensions of each lot or parcel of land within the District. This Diagram has been prepared by the Engineer of Work and is on file in the Office of the Director of Public Works of the City of Dublin.

581
CITY OF DUBLIN FISCAL YEAR 2025-26
STREET LIGHTING MAINTENANCE DISTRICT No. 1983-1 ENGINEER’S REPORT 4 The lines and dimensions of each lot or parcel within the District are those lines and dimensions shown on the maps of the Alameda County Assessor for the year when this Report was prepared. The Assessor’s maps and records are incorporated by reference herein and made a part of this Report.

PART D: METHOD OF APPORTIONMENT OF ASSESSMENTS
This part describes the method of apportionment of assessments, based upon each parcel’s land use classification within the District in proportion to the estimated special benefits to be received.

PART E: ASSESSMENT ROLL

This part contains an assessment of the estimated cost of the improvements apportioned to each benefited parcel of land within the District. The Assessment Roll is filed in the Office of the City Clerk of the City of Dublin and is incorporated in this Report. The list is keyed to the records of the Alameda County Assessor, which are incorporated herein by reference.

582
CITY OF DUBLIN FISCAL YEAR 2025-26
STREET LIGHTING MAINTENANCE DISTRICT No. 1983-1 PLANS AND SPECIFICATIONS 5 PART A

PLANS AND SPECIFICATIONS

The District provides for the continued installation, maintenance, and servicing of street lighting improvements within the public right-of-way which provide special benefit to parcels and properties within the District.

As generally defined in the 1972 Act, maintenance and servicing of the street lighting improvements may include one or any combination of the following:

1) The installation or construction of public lighting facilities, including, but not limited to streetlights and traffic signals.
2) The installation or construction of any facilities which are appurtenant to any of the foregoing or which are necessary or convenient for the maintenance or servicing thereof; including but not limited to, grading, removal of debris, the installation or construction of curbs, gutters, walls, sidewalks, or paving, or water, irrigation, drainage, or electrical facilities.
3) The maintenance or servicing, or both, of any of the foregoing including the furnishing of services and materials for the ordinary and usual maintenance, operation, and servicing of any improvement, including, but not limited to:
a) Repair, removal, or replacement of all or any part of any improvements; b) Grading, clearing, removal of debris, the installation, repair or construction of curbs, gutters, walls, sidewalks, or paving, or water, irrigation, drainage, or electrical facilities;
c) The cleaning, sandblasting, and painting of walls and other improvements to remove or cover graffiti;
d) Electric current or energy, gas, or other agent for the lighting or operation of any other improvements.
4) Incidental expenses associated with the improvements including, but not limited to:
a) The cost of preparation of the report, including plans, specifications, estimates, diagram, and assessment;
b) The costs of printing, advertising, and publishing, posting, and mailing of notices;
c) Compensation payable to the County for collection of assessments; d) Compensation of any engineer or attorney employed to render services; e) Any other expenses incidental to the construction, installation, or maintenance and servicing of the improvements; and,
f) Costs asso ciated with any elect ions held f or t he approval of a new or increased assessment.

583
CITY OF DUBLIN FISCAL YEAR 2025-26
STREET LIGHTING MAINTENANCE DISTRICT No. 1983-1 PLANS AND SPECIFICATIONS 6 Pursuant to the 1972 Act:

"Maintain" or "maintenance" means the furnishing of services and materials for the ordinary and usual maintenance, operation, and servicing of any improvement, including repair, removal, or replacement of all or any part of any improvement. "Service" or "servicing" means the furnishing of electric current or energy, gas, or other illumin ating agent for any public lighting facilities or for the lighting or operation of any other improvements.

Drawings showing the specific locations of the improvements are on file in the City’s Public Works Department and are made a part of this report by reference.

584
CITY OF DUBLIN FISCAL YEAR 2025-26
STREET LIGHTING MAINTENANCE DISTRICT No. 1983-1 ESTIMATE OF COSTS

7 PART B

ESTIMATE OF COSTS

All public streetlights and other eligible improvements within the District are maintained and serviced on a regular basis, using assessment re venues. Current assessment revenues have not always been sufficient to fund 100% of the annual operations and maintenance costs of street lighting in past years. Increasing assessment rates require property owner approval following the passage of Proposition 218 in 1996. In years where the revenues were less than the costs to maintain the District improvements, the District transferred funds from the District’s existing fund balances to fund the shortfall in assessment revenues. Although the District has seen an increase in revenue because of new developm ent, the increases in costs have increased much more quickly than the increase in assessment revenue because of growth.

The proposed cost estimate for the District is shown in Table 2. This includes an estimate of the costs of utilities, operations, services, administration, and maintenance associated with the improvements, including all labor, personnel, equipment, materials, and administrative expenses for the next two (2) fiscal years . The summary also shows the estimated fund balance, and the projected reserve collection increase/(decrease) that will be required from the fund balance based upon the estimated expenditures and assessment revenue. Projected cost estimates are also shown for two (2) fiscal years.

The following describes the general services and costs shown in the cost estimate.

District Costs

Operating Supplies – The cost of supplies for ongoing maintenance and servicing of the street lighting improvements incl uding street light repair parts and the labor associated with performing the repair work. In addition, a portion of this cost is set aside as a contingency amount for both large scheduled and unscheduled, but necessary repairs.

Contract with Alameda County – The cost of street light maintenance provided by the County of Alameda based on the current fiscal year contract.

California Street Light Association – The cost of Street Light Association dues based on the relative number of streetlights within the District.

Utilities Electricity – The cost of streetlight electrical energy use, including miscellaneous utility charges.

Improvements (Not Building) – The cost of improvements (not building) includes costs associated with the maintenance, construction, and rehabilitation of authorized improvements.

585
CITY OF DUBLIN FISCAL YEAR 2025-26
STREET LIGHTING MAINTENANCE DISTRICT No. 1983-1 ESTIMATE OF COSTS

8 Miscellaneous Expenses – Costs that cannot easily be categorized into any of the other District Costs defined above.

Legal Notices – The cost of legal notices includes costs associated with preparation and publishing of any, and all required legal notices associated with the District.

District Administration – The costs of contracting with professionals to provide services specific to the annual levy administration, including preparation of the Engineer’s Report, resolutions, and levy submittal to the County. These fees can also include any additional administrative, legal, or engineering services specific to the District such as the cost to prepare and mail notices of the public meeting and hearing.

Public Works Administration – The cost of public works administration includes costs derived by the City’s Public Works Department or other department in relation to the administration and management of the District.

County Collection Fee – The cost to the District for the County to collect assessments on the annual secured property tax bills. Alameda County charges 1.7% of the total amount levied.

The following page shows the cost estimates for Fiscal Year 2025-26 and 2026-27.

586
CITY OF DUBLIN FISCAL YEAR 2025-26
STREET LIGHTING MAINTENANCE DISTRICT No. 1983-1 ESTIMATE OF COSTS

9 Capital Improvement Projects

In addition to collecting funds annually for maintenance, funds are also allowed to be collected for capital improvement projects. Capital improvement projects generally include the repair and replacement of public improvements authorized to be maintained by the District. These funds are collected and often accumulated in a separate fund and are not considered to be a part of the regular maintenance of the improvements.

Following is a list of capital improvement projects the City plans to address utilizing District funds in the upcoming fiscal years and thereafter as funds allow.

Citywide Streetlight Replacement: As needed replacement of streetlights that are at the end of their service life or that have been damaged due to automobile accidents.

District Revenues
FY 2025-26
Cost Estimate
Projected
FY 2026-27
Cost Estimate
Estimated Assessment Revenues $314,670 $314,670
Contributions from Other Revenue Sources $13,000 $13,000 Total Revenues: $327,670 $327,670
Estimated Expenditures
Operating Supplies $20,000 $20,000
Contract with Alameda County $95,000 $95,000
California Street Light Association $1,210 $1,331
Utilities - Electricity $308,879 $324,323
Improvements (Not Building) $0 $0
Miscellaneous $0 $0
Legal Notices $628 $647
District Administration $7,272 $7,490
Public Works Administration $0 $0
County Collection Fee $6,556 $6,753
Total Annual Expenditures: $439,545 $455,544
Fund Balance Information
Beginning Balance - Projected July 1, 2025 $562,821 $450,946 FY 2025-26 Reserve Collection Increase/(Decrease) ($111,875) ($127,874) Ending Balance - Projected June 30, 2026 $450,946 $323,072 Recommended Operating Reserves $219,773 $227,772
Available Operating Reserves $219,773 $227,772
Available Capital Reserves $231,173 $95,300
Table 2: Cost Estimate Table
Streetlighting Maintenance District No. 1983-1
587
CITY OF DUBLIN FISCAL YEAR 2025-26
STREET LIGHTING MAINTENANCE DISTRICT No. 1983-1 ASSESSMENT DIAGRAM 10 PART C

ASSESSMENT DISTRICT DIAGRAM

The boundaries of the District are shown herein. The lines and dimensions of each parcel within the District are those lines and dimensions shown on the maps of the Alameda County Assessor for the year in which this Report was prepared and are incorporated by reference herein and made part of this Report.

A reduced copy of the Assessment Diagram is shown on the following page.

588
City of Dublin
Street Lighting Maintenance District No. 1983-1
Assessment Diagram
¯3,250 0 3,250 6,5001,625
Feet
Legend
!
!
!
! LLAD 1983-1 Boundary
City Limit
Parcel Lines
Parcels within LLAD 1983-1
Dublin Blvd
San Ram
on Rd
TassajaraRd
589
CITY OF DUBLIN FISCAL YEAR 2025-26
STREET LIGHTING MAINTENANCE DISTRICT No. 1983-1 METHOD OF APPORTIONMENT 12 PART D

METHOD OF APPORTIONMENT OF ASSESSMENTS

General

The 1972 Act permits the establishment of assessment districts by agencies for the purpose of providing certain public improvements which include the construction, maintenance and servicing of public lights, landscaping, and appurtenant facilities. The 1972 Act further requires that the cost of these improvements be levied according to benefit rather than assessed value:

“The net amount to be assessed upon lands within an assessment district may be apporti oned by any formula or method which fairly distributes the net amount among all assess able l ots or parcels in proportion to the estimated benefits to be received by each such lot or parcel from the improvements.”

The formula used for calculating assessments in the District therefore reflects the composition of the parcels, and the improvements and services provided, to fairly apportion the costs based on estimated benefit to each parcel. In addition, pursuant to Article XIIID Section 4:

“No assessment shall be imposed on any parcel which exceeds the reasonable cost of the proportiona l special benefit conferred on that parcel. Only special benefits are assessable, and an agency shall separate the general benefits from the special benefits conferred on a parcel.”

Benefit Analysis

Each of the improvements have been carefully reviewed by the City and the corresponding assessments have been proportionately spread to each parcel based on special benefits received from the improvements as determined at the time the District was established.

General Benefits – In reviewing each of the District improvements, the proximity of those improvements to both properties within the District and those outside the District, as well as the reasons for installing and constructing such improvements, it is evident that the improvements are solely the result of developing properties within the District and the ongoing maintenance and operation of these improvement s will directly affect the properties wit hin the District. Although the improvements include public a reas, easements, rights-of-way, and other amenities available or visible to the public at large, the construction and installation of these improvements were only necessary for the development of properties within the District and were not required, nor necessarily desired by any properties or developments outside the District boundary and any public access or use of the improvements by others is incidental. Therefore, it has been 590
CITY OF DUBLIN FISCAL YEAR 2025-26
STREET LIGHTING MAINTENANCE DISTRICT No. 1983-1 METHOD OF APPORTIONMENT 13 determined that the improvements a nd the ongoing maintenance, servicing and operation of those improvements provide no measurable general benefit to properties outside the District or to the public at large, but clearly provide distinct and special benefits to properties within the District.

Special Benefits – The method of apportionment (method of assessment) outlined herein is based on the premise that each assessed parcel within the District receives special benefits from the improvements and the desirability and security of those properties as enhanced by the presence of public lighting near those properties.

The special benefits conferred on property from street lighting and other public lighting facilities include the convenience, safety, and security of property, improvements, and goods. Specifically:

1) Enhanced deterrence of crime and the aid to police protection.

2) Increased nighttime safety on roads, streets, and public areas.

3) Improved ability of pedestrians and motorists to see.

4) Improved ingress and egress to property.

5) Reduced vandalism and other criminal acts and damage to improvements or property.

6) Improved traffic circulation and reduced nighttime accidents and personal property loss.

The preceding special benefits contribute to the aesthetic value and desirability of each of the assessed parcels within the District and thereby provide a special enhancement of the properties. Furthermore, it has been determined that the lack of funding to properly service and maintain the District improvements w ould have a negative impact on the properties within the District.

All the preceding special benefits contribute to a specific enhancement and desirability of each of the assessed parcels within the District.

Non-Assessable Properties – Within the boundaries of the District, there are several types of properties that are considered to receive no special benefit from the District improvements and are therefore not assessed. These parcels include:

591
CITY OF DUBLIN FISCAL YEAR 2025-26
STREET LIGHTING MAINTENANCE DISTRICT No. 1983-1 METHOD OF APPORTIONMENT 14 1) Publicly owned parcels that are reserved as public open space or are developed as City parks for active recreation and are maintained and serviced by the District; 2) Publicly owned wetland parcels;
3) Certain public utility parcels;
4) Privately owned open space parcels; and
5) Privately owned "sliver" parcels that have resulted from a lot line adjustment with an a djacent larger pa rcel. The a djacent la rger pa rcels, of w hich these "sliver" parcels are a part, are assessed at the residential rate

Assessment Methodology

The spe cial b enefits receiv ed by each parcel w ithin the District a nd ea ch parcel’s proportional annual assessment a re calculated based on a formula that utilizes Equivalent Dwelling Units. The Equivalent Dwelling Unit (EDU) method of apportionment establishes a proportional b enefit relationship between the various p arcels w ithin the District a nd the i mprovements m aintained by the District. T he typical single family residential parcel is a ssigned 1.00 Equivalent Dwelling Unit (EDU) since it represented more than 73% of the total parcels within the District.

EDUs are assigned to the other land uses based upon the pr operty’s development status, type of developm ent (County of A lameda land use code) and property size as shown in the table below. Parcels determined to be vacant will be assessed at a reduced rate of 50%, by multiplying the parcel’s assigned EDU factor by 0.5 (or 50%).

Single-Family Residential (SFR) – (County land use 1x) this la nd use i dentifies properties that are developed for single family residential use and are assigned a factor of 1.00 EDU per parcel. This is the base value that all other land use types are compared and weighted against (i.e., Equivalent Dwelling Unit “EDU”). This land use classification may i nclude, but is not limited to, l ots or parcels identified as s ingle-family residential homes, planned development (tract or townhouse t ype), and modular/manufactured single family residential units.

Property Type EDU Factor
Single Family Residential (SFR) 1.00 per Parcel
Condominium 1.00 per Parcel
Duplex, Multi
‐
Family Residential 2.00 per Parcel
Triplex, Multi
‐
Family Residential 3.00 per Parcel
Fourplex, Multi
‐
Family Residential 4.00 per Parcel
Apartments, Multi
‐
Family Residential 6.00 per Parcel
Commercial/Industrial/Institutional 5.50 per Acre
Vacant Commercial/Industrial/Institutional 2.75 per Acre Rural 0.50 per Parcel
Exempt, Cemeteries, Common Open Space 0.00 per Parcel
TABLE 3: ASSESSMENT METHODOLOGY
Street Lighting Maintenance District No. 1983-1
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CITY OF DUBLIN FISCAL YEAR 2025-26
STREET LIGHTING MAINTENANCE DISTRICT No. 1983-1 METHOD OF APPORTIONMENT 15 Condominium Unit – (County land use 73) this land use identifies properties that are subdivided residential parcels that have more than one residential unit developed on the property. This land use is assigned 1.00 EDU per unit.

Duplex, Multi-Family Resident ial – (County land use 22) this land use identifies properties that are developed for multi-family residential use and are assigned a factor of

2.00 EDU per parcel. This land use classification includes double or duplex units.

Triplex, Multi-Family Resid ential – (County land use 23) this land use identifies properties that are developed for multi-family residential use and are assigned a factor of

3.00 EDU per parcel. This land use classification includes triplex units; or double or duplex units together with a single-family home.

Fourplex, Multi-Family Residential – (County land use 24) this land use identifies properties that are developed for multi-family residential use and are assigned a factor of

4.00 EDU per parcel. This land use classification incl udes four living units; a fourplex, a triplex and a single-family home, two doubles or duplexes, or a combination thereof.

Apartment Complex, Multi-Family Residential – (County land use 7x, except 73) This land use identifies properties that are developed for multi-family residential use of five (5) or more units and are assigned a f actor of 6.00 EDU per parcel. This land use classification may include, but is not limited to, lots or parcels identified as vacant apartment land capable of supporting 5 or more units, residential property converted to 5 or more units, cooperatives, restricted income properties, fraternities, sororities, church homes, multiple residential (5 or more units), and residential high-rise (7 or more units).

Commercial – (County land use 3x, 8x, 9x) this land use identifies properties that are considered improved for commercial use and are assigned a factor of 5.50 EDU per gross acre. This land use classification may include, but is not limited to, lots or parcels identified as car washes, commercial garages, automotive dealerships, parking lots, parking garages, service stations, funeral homes, nursing or boarding homes, hospitals, hotels/motels, banks, medical-dental, single and multi-story office buildings, commercial land, department stores, discount stores, restaurants, shopping centers, or supermarkets.

Industrial – (County land use 4x) this land use identifies properties that are developed for industrial use and are assigned a factor of 5.50 EDU per gross acre. This land use classification may include, but is not limit ed to lots, or parcels identified as vacant industrial land, warehouses, light and heavy industrial, nurseries, sand and gravel quarries, salt ponds, trucking and distribution ter minals, wrecking yards, and miscellaneous industrial.

Institutional – (County land use 6x, except 65) this land use identifies properties that are developed for institutional use and are assigned a factor of 5.50 EDU per gross acre. This land use classification may inclu de, but is not limited to, lots or parcels identified as vacant land that is a necessary part of an instit utional property, improved government- owned property, low income housing (secured P.I.’s only), golf courses, private schools, churches, lodge-halls, clubhouses, and other institutional properties.

593
CITY OF DUBLIN FISCAL YEAR 2025-26
STREET LIGHTING MAINTENANCE DISTRICT No. 1983-1 METHOD OF APPORTIONMENT 16 Rural Property – (County land use 5x) this land use identifies properties that are defined as rural lands and are assigned a factor of 0.50 EDU per parcel. This land use classification may include, but is not limited to, lots or parcels identified as rural residential home sites, one or more mobile homes on rural home sites, rural property with significant commercial or industrial use, property used for agriculture (more than 10 acres), rural land in transition to higher land use classification, and rural land under non- renewal of the Williamson Act.

Exempt Property, Cemeteries & Common Open Space – (County land use 0, 03-05, 65) this land use identifies properties that are exempt from assessment and are assigned

0.00 EDU. This land use classification may include, but is not limited to, lots or parcels identified as exempt public agencies; property leased or owned by public utilities, cemeteries, and planned development common areas.
594

CITY OF DUBLIN FISCAL YEAR 2025-26
STREET LIGHTING MAINTENANCE DISTRICT No. 1983-1 ASSESSMENT ROLL

17 PART E

ASSESSMENT ROLL

The proposed assessment and the amount of the assessment apportioned to each lot or parcel, as shown on the latest roll at the Assessor’s Office, are on file under separate cover with the City Clerk. Furthermore, the description of each lot or parcel is part of the records of the Assessor of the County of Alameda and those records are, by reference, part of this report. The assessments shown will be submitted to the County Auditor/Controller and included on the property tax roll for each parcel shown in the assessment roll for Fiscal Year 2025-26.

Parcel identification, the lines and dimensions of each lot, parcel, and subdivision of land within the District, are inclusive of the parcels as shown on the Alameda County Assessor's Parcel Maps as they existed at the time of the passage of the Resolution of Intention, and shall include subsequent subdivisions, lot line adjustments or parcel changes therein. Reference is hereby made to the Alameda County Assessor’s maps for a detailed description of the lines and dimensions of each lot and parcel of land within the District.

595
Landscape and Lighting
District No. 1983-2
Fiscal Year 2025-26
Final Engineer’s Report
May 20, 2025
Attachment 3
596
CITY OF DUBLIN FISCAL YEAR 2025-26
LANDSCAPE AND LIGHTING DISTRICT No. 1983-2 TABLE OF CONTENTS i

Table of Contents

Page No.

Certificate ......................................................................................... ii Section I - Introduction ..................................................................... 1 Section II – Engineer’s Report ......................................................... 3 Part A – Plans and Specifications ......................................... 5 Part B – Estimate of Cost ...................................................... 7 Part C – Assessment District Diagram ................................ 10 Part D – Method of Apportionment of Assessments ............ 12 Part E - Assessment Roll .................................................... 17

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CITY OF DUBLIN FISCAL YEAR 2025-26
LANDSCAPE AND LIGHTING DISTRICT No. 1983-2 CERTIFICATE
ii

ENGINEER'S REPORT

CITY OF DUBLIN
LANDSCAPE AND LIGHTING ASSESSMENT DISTRICT NO. 1983-2
FISCAL YEAR 2025-26

The undersigned, acting on behalf of Francisco & Associates respectfully submits the enclosed Engineer's Report as directed by the Dublin City Council pursuant to the provisions of Article XIIID, Section 4 of the California Constitution, provisions of the Landscaping and Lighting Act of 1972 and Section 22500 et al of the California Streets and Highways Code. The undersigned certifies that he is a Professional Engineer, registered in the State of California.

Dated: May 5, 2025 By:

Eduardo Espinoza, P.E.

RCE # 83709

598
CITY OF DUBLIN FISCAL YEAR 2025-26
LANDSCAPE AND LIGHTING DISTRICT No. 1983-2 INTRODUCTION 1 SECTION I

INTRODUCTION

The City of Dublin (“City”) levies and collects special assessments on parcels within the City of Dublin Landscape and Lighting Assessment District No. 1983- 2 (“District”) to maintain the landscaping and irrigation improvements within the District.

The assessments and methods of apportionment described in this Report utilize commonly accepted assessment engineering practices and have been calculated and proportionately spread to each parcel based on the special benefits received as approved by the City Council at the time the District was formed.

General Description of the District

The District was initially formed in 1983 to provide a dedicated source of funding for the ongoing maintenance of street landscaping within Tract 4719. The District originally included the maintenance of Stagecoach Park and the landscaping along Stagecoach Road north of the City Limit; however, those improvements are no longer funded by the District. Currently, the District includes only the roadway landscaping along Stagecoach Road and on the "interior slopes" (Coral Way and Agate Way) within the Dublin Hills Estates development.

The maintenance cost of Stagecoach Park, as well as the undeveloped Dougherty Hills Park, is paid by the City through the Park Maintenance Operating Budget and is not a part of this Assessment District.

A reduced copy of the Assessment Diagram showing the exterior boundaries of the District is provided in Part C of this Report.

Compliance with the California Constitution

Assessments are levied annually within the District pursuant to the Landscape and Lighting Act of 1972, Part 2 of Division 15 of the California Streets and Highways Code (“1972 Act”).

All assessments described in this Report and approved by the City Council are prepared in accordance with the 1972 Act and are in compliance with the provisions of the California Constitution Article XIIID (“Article XIIID”), which was enacted with the passage of Proposition 218 in November 1996.

599
CITY OF DUBLIN FISCAL YEAR 2025-26
LANDSCAPE AND LIGHTING DISTRICT No. 1983-2 INTRODUCTION 2 Pursuant to Article XIIID Section 5, certain existing assessments were exempt from the substantive and procedural requirements of Article XIIID Section 4. Specifically, Article XIIID Section 5(a) exempted:

“Any assessment imposed exclusively to finance the capital costs or maintenance and operation expenses for sidewalks, streets, sewers, water, flood control, drainage systems or vector control. Subsequent increases in such assessments shall be subject to the procedures and approval process set forth in Section 4.”

The City determined that the annual assessments originally established for the District were for the maintenance and operation of landscaping within the public street rights -of-way or public easements.

However, in Fiscal Year 2003-04, the City conducted a public hearing that included a mailed ballot to all the property owners in this District proposing an increased assessment to maintain and replace certain landscaping improvements. In accordance with the requirements of Proposition 218, the property owners approved a 10% increase in assessment rates and the addition of an escalation clause for succeeding years that allows the maintenance cost to increase according to the Consumer Price Index and the utility cost to increase according to the actual cost of utilities.

Any future increase in the assessment rate more than the maximum allowable rate or substantial changes in the services provided would require the approval of the property owners subject to the assessment based upon a mailed ballot which would be sent to each property owner pursuant to the provisions of the California Constitution Article XIIID.

Summary of District

A summary of the assessments to be levied in Fiscal Year 2025-26 for each property type is shown in the table below.

Property Type
Single Family Residential (SFR) $531.10 per Parcel
Multi Family Residential (MFR) $89.81 per Units
Exempt, Cemeteries, Common Open Space $0.00 per Parcel
TABLE 1: SUMMARY OF PROPOSED ASSESSMENTS
Landscape and Lighting District No. 1983-2
Assessment Rate
600
CITY OF DUBLIN FISCAL YEAR 2025-26
LANDSCAPE AND LIGHTING DISTRICT No. 1983-2 ENGINEER’S REPORT 3 SECTION II

ENGINEER'S REPORT PREPARED PURSUANT TO THE PROVISIONS OF LANDSCAPING AND LIGHTING ACT OF 1972 SECTION 22500 THROUGH 22679 OF THE CALIFORNIA STREETS AND HIGHWAYS CODE

CITY OF DUBLIN

LANDSCAPE AND LIGHTING DISTRICT NO. 1983-2
FISCAL YEAR 2025-26

Pursuant to the Landscaping and Lighting Act of 1972 (Part 2 Division 15 of the Streets and Highways Code of the State of California, commencing with Section 22500), and in accordance with the Resolution of Intention, adopted by the City Council of the City of Dublin on April 15, 202 5, I , Eduardo Espinoza, the duly appointed Engineer of Work, Assessment Engineer for the City of Dublin Landscape and Lighting District No. 1983-2 (the “District”) submit the following Report, consisting of Section I (Introduction), and this, Section II, which consists of five (5) parts as follows:

PART A: PLANS AND SPECIFICATIONS

This part describes the improvements maintained by the District. Plans and specifications for the improvements are on file in the Office of the Director of Public Works of the City of Dublin and are incorporated herein by reference.

PART B: ESTIMATE OF COST

This part contains an estimate of the cost of the proposed improvements to be maintained for F iscal Year 2025-26, including incidental costs and expenses in connection therewith.

The estimate is attached hereto and is on file in the Office of the Director of Public Works of the City of Dublin.

PART C: ASSESSMENT DISTRICT DIAGRAM

This part incorporates a Diagram of the District showing the exterior boundaries of the District, the boundaries of any zones within the District and the lines and dimensions of each lot or parcel of land within the District. This Diagram has been prepared by the Engineer of Work and is on file in the Office of the Director of Public Works of the City of Dublin.

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CITY OF DUBLIN FISCAL YEAR 2025-26
LANDSCAPE AND LIGHTING DISTRICT No. 1983-2 ENGINEER’S REPORT 4 The lines and dimensions of each lot or parcel within the District are those lines and dimensions shown on the maps of the Alameda County Assessor for the year when this Report was prepared. The Assessor’s maps and records are incorporated by reference herein and made a part of this Report.

PART D: METHOD OF APPORTIONMENT OF ASSESSMENTS

This part describes the method of apportionment of assessments, based upon each parcel’s land use classification within the District in proportion to the estimated special benefits to be received.

PART E: ASSESSMENT ROLL

This part contains an assessment of the estimated cost of the improvements apportioned to each benefited parcel of land within the District. The Assessment Roll is filed in the Office of the City Clerk of the City of Dublin and is incorporated in this Report. The list is keyed to the records of the Alameda County Assessor, which are incorporated herein by reference.

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CITY OF DUBLIN FISCAL YEAR 2025-26
LANDSCAPE AND LIGHTING DISTRICT No. 1983-2 PLANS AND SPECIFICATIONS 5 PART A

PLANS AND SPECIFICATIONS

The District provides for the continued maintenance and servicing of the landscaping and irrigation improvements within the public right -of-way and public easement along Stagecoach Road between the limits of Amador Valley Boulevard and the northerly City Limit. In addition, the District also provides for the maintenance of the slopes, including landscaping and irrigation, within the public right-of-way for the slope areas along the rear of Lots 80 through 86, and 37 through 60 within Tract 4719.

As generally defined in the 1972 Act, maintenance and servicing of the improvements may include one or any combination of the following:

1) The installation or planting of landscaping. The installation or construction of statuary, fountains, and other ornamental structures and facilities. 2) The installation or construction of any facilities which are appurtenant to any of the foregoing or which are necessary or convenient for the maintenance or servicing thereof; including but not limit ed to, grading, removal of debris, the installation or construction of curbs, gutters, walls, sidewalks, or paving, or water, irrigation, drainage, or electrical facilities.
3) The maintenance or servicing, or both, of any of the foregoing including the furnishing of services and materials for the ordinary and usual maintenance, operation, and servicing of any improvement, including, but not limited to:
a. Repair, removal, or replacement of all or any part of any improvements; b. Grading, clearing, removal of debris, the installation, repair or construction of curbs, gutters, walls, sidewalks, paving, or water, irrigation, drainage, or electrical facilities
c. Providing for the life, growth, health, and beauty of landscaping, including cultivation, irrigation, trimming, spraying, fertilizing, or treating for disease or injury;
d. The removal of trimmings, rubbish, debris, and other solid waste; e. The cleaning, sandblasting, and painting of walls and other improvements to remove or cover graffiti;
f. Electric current or energy, gas, or other agent for the lighting or operation of any other improvements; and
g. Water for the irrigation of any landscaping, the operation of any fountains, or the maintenance of any other improvements.
4) Incidental expenses associated with the improvements including, but not limited to:
a. The cost of preparation of the report, including plans, specifications, estimates, diagram, and assessment;
b. The costs of printing, advertising, and the publishing, posting, and mailing of notices;
c. Compensation payable to the County for collection of assessments; d. Compensation of any engineer or attorney employed to render services; 603
CITY OF DUBLIN FISCAL YEAR 2025-26
LANDSCAPE AND LIGHTING DISTRICT No. 1983-2 PLANS AND SPECIFICATIONS 6 e. Any other expenses incidental to the construction, installation, or maintenance and servicing of the improvements; and
f. Costs associated with any elections held f or the approval of a new or increased assessment.

Pursuant to the 1972 Act:

"Maintain" or "maintenance" means the furnishing of services and materials for the ordinary and usual maintenance, operation, and servicing of any improvement, including repair, removal, or replacement of all or any part of any improvement.

"Service" or "servicing" means the furnishing of electric current or energy, gas, or other illumin ating agent for any public lighting facilities or for the lighting or operation of any other improvements.

Drawings showing the specific locations of the improvements are on file in the City’s Public Works Department and are made a part of this report by reference.

604
CITY OF DUBLIN FISCAL YEAR 2025-26
LANDSCAPE AND LIGHTING DISTRICT No. 1983-2 ESTIMATE OF COSTS 7 PART B

ESTIMATE OF COSTS

All landscape and other eligible improvements within the District are maintained and serviced on a regular basis. The proposed cost estimate for the District is shown on a following page herein . This includes an estimate of the costs of utilities, operations, services, administration, and maintenance associated with the improvements, including all labor, personnel, equipment, materials, and administrative expenses. The summary also shows the estimated fund balance, and the projected reserve collection increase/(decrease) based upon the estimated expenditures and assessment revenue.

Projected cost estimates are also shown for the next two (2) fiscal years.

The following describes the general services and costs shown in the cost estimate.

District Costs

Maintenance Landscape – The cost of maintenance and repair of the landscaping and open space areas within the District.

Utilities Water – The cost of furnishing water for maintenance of landscape and irrigation systems within the District.

Utilities Electricity – The cost of electricity for maintenance of landscape, powering of irrigation systems, and entry lighting within the District.

Miscellaneous Expenses – Costs that cannot easily be categorized into any of the other District Costs defined above.

Legal Notices – The cost of legal notices includes costs associated with preparation and publishing of any, and all required legal notices associated with the District.

District Administration – The costs of contracting with professionals to provide services specific to the annual levy administration, including preparation of the Engineer’s Report, resolutions, and levy submittal to the County. These fees can also include any additional administrative, legal, or engineering services specific to the District such as the cost to prepare and mail notices of the public meeting and hearing.

Public Works Administration – The cost of public works administration includes costs derived by the City’s Public Works Department or other department in relation to the administration and management of the District.

605
CITY OF DUBLIN FISCAL YEAR 2025-26
LANDSCAPE AND LIGHTING DISTRICT No. 1983-2 ESTIMATE OF COSTS 8 County Collection Fee – The cost to the District for the County to collect assessments on the annual secured property tax bills. Alameda County charges 1.7% of the total levy amount.

The table below shows the cost estimates for Fiscal Year 2025-26 and 2026-27.

Capital Improvement Projects

In addition to collecting funds annually for maintenance, funds are also allowed to be collected for capital improvement projects. Capital improvement projects generally include the repair and replacement of public improvements authorized to be maintained by the District. These funds are collected and often accumulated in a separate fund and are not considered to be a part of the regular maintenance of the improvements.

District Revenues
FY 2025-26
Cost Estimate
Projected
FY 2026-27
Cost Estimate1
Estimated Assessment Revenues $129,324 $131,911
Contributions from Other Revenue Sources $7,000 $7,000
Total Revenues: $136,324 $138,911
Estimated Expenditures
Maintenance - Landscape (MCE) $69,165 $71,240
Ut
ilities - Electricity $2,077 $2,181
Utilities - Water $23,100 $24,255
Miscellaneous Expenses $0 $0
Legal Notices $628 $647
District Administration $3,726 $3,838
Public Works Administration $0 $0
County Collection Fee $1,927 $1,985
Total Annual Expenditures: $100,623 $104,146
Fund Balance Information
Beginning Balance - Projected July 1, 2025 $335,307 $371,008 FY 2025-26 Reserve Collection Increase/(Decrease) $35,701 $34,765 Ending Balance - Projected June 30, 2026 $371,008 $405,773 Recommended Operating Reserves $50,312 $52,073
Available Operating Reserves $50,312 $52,073
Available Capital Reserves $320,697 $353,700
1The Maximum Assessment Revenue for Fiscal Year (FY) 2026/27 was estimated to be equal to the FY 2025/26 Maximum Assessment Revenues and escalated by 2%.

Table 2: Cost Estimate Table
Landscape & Lighting District No. 1983-2
606
CITY OF DUBLIN FISCAL YEAR 2025-26
LANDSCAPE AND LIGHTING DISTRICT No. 1983-2 ESTIMATE OF COSTS 9 Following is a list of capital improvement projects the City plans to address utilizing District funds in the upcoming fiscal years and thereafter as funds allow.

General Improvements: The City has identified the need for repairs to irrigation , which fall outside the scope of the regular maintenance budget for the District.

Repairs will be addressed based upon need and available fund balance in the upcoming two-year cycle.

607
CITY OF DUBLIN FISCAL YEAR 2025-26
LANDSCAPE AND LIGHTING DISTRICT No. 1983-2 ASSESSMENT DIAGRAM 10 PART C

ASSESSMENT DISTRICT DIAGRAM

The boundaries of the District are shown herein. The lines and dimensions of each parcel within the District are those lines and dimensions shown on the maps of the Alameda County Assessor for the year in which this Report was prepared and are incorporated by reference herein and made part of this Report.

A reduced copy of the Assessment Diagram is shown on the following page.

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City of Dublin
Landscape and Lighting District No. 1983-2
Assessment Diagram
Stagecoach Rd
Quartz Cir
Turquoise St
Coral W
y
Topaz Cir
Jade Cir
Amador Valley Blvd
Village Pkwy
Iron Horse Regional Trail
¯
0 700 1,400350
Feet
Legend
!
! !
!! LLAD 1983-2 Boundary
City Limit
Parcel Lines
Parcels within LLAD 1983-2
609
CITY OF DUBLIN FISCAL YEAR 2025-26
LANDSCAPE AND LIGHTING DISTRICT No. 1983-2 METHOD OF APPORTIONMENT 12 PART D

METHOD OF APPORTIONMENT OF ASSESSMENTS

General

The 1972 Act permits the establishment of assessment districts by agencies for the purpose of providing certain public improvements which include the construction, maintenance and servicing of public lights, landscaping, and appurtenant facilities. The 1972 Act further requires that the cost of these improvements be levied according to benefit rather than assessed value:

“The net amount to be assessed upon lands within an assessment district may be apporti oned by any formula or method which fairly distributes the net amount among all assessable lots or parcels in proportion to the estimated benefits to be received by each such lot or parcel from the improvements.”

The formula used for calculating assessments in the District therefore reflects the composition of the parcels, and the improvements and services provided, to fairly apportion the costs based on estimated benefit to each parcel. In addition, pursuant to Article XIIID Section 4:

“No assessment shall be imposed on any parcel which exceeds t he reasonable cost of the proportional special benefit conferred on that parcel. Only special benefits are assessable, and an agency shall separate the general benefits from the special benefits conferred on a parcel.”

Benefit Analysis

Each of the improvements have been carefully reviewed by the City and the corresponding assessments have been proportionately spread to each parcel based on special benefits received from the improvement s as determined at the time the District was established.

General Benefits – In reviewing each of the District improvements, the proximity of those improvements to both properties within the District and those outside the District, as well as the reasons for installing and constructing such improvements, it is evident that the improvements are solely the result of developing properties within the District and the ongoing maintenance and operation of these improvement s will directly affect the properties wit hin the District. Although the improvements include public a reas, easements, rights-of-way, and other amenities available or visible to the public at large, the construction and installation of these improvements were only necessary for the development of properties within the District and were not required, nor necessarily desired by any properties or developments outside the District boundary and any public access or use of the improvements by others is incidental. Therefore, it has been 610
CITY OF DUBLIN FISCAL YEAR 2025-26
LANDSCAPE AND LIGHTING DISTRICT No. 1983-2 METHOD OF APPORTIONMENT 13 determined that the improvements a nd the ongoing maintenance, servicing and operation of those improvements provide no measurable general benefit to properties outside the District or to the public at large, but clearly provide distinct and special benefits to properties within the District.

Special Benefits – The method of apportionment (method of assessment) established herein is based on the premise that each assessed parcel within the District receives special benefits from the improvements and the desirability of those properties enhanced by the presence of well-maintained landscaping near those properties.

The special benefits associated with landscape improvements are specifically:

1) Enhanced desirability of properties through association with the improvements.

2) Improved aesthetic appeal of properties providing a positive representation of the area and properties.

3) Enhanced adaptation of the urban environment within the natural environment from adequate green space and landscaping.

4) Environmental enhancement through improved erosion resistance, dust and debris control, and fire prevention.

5) Increased sense of pride in ownership of property within the District resulting from well-maintained improvements associated with the properties.

6) Enhanced quality of life through well-maintained green space and landscaped areas.

7) Reduced criminal activity and property-related crimes (especially vandalism) against properties in the District through well-maintained surroundings and amenities including abatement of graffiti.

8) Enhanced environmental quality of th e parcel s by moder ating t emperatures, providing oxygenation, and attenuating noise.

The preceding special benefits contribute to the aesthetic value and desirability of each of the assessed parcels within the District and thereby provide a special enhancement of the properties. Furthermore, it has been determined that the lack of funding to properly service and maintain the District improvements w ould have a negative impact on the properties within the District.

611
CITY OF DUBLIN FISCAL YEAR 2025-26
LANDSCAPE AND LIGHTING DISTRICT No. 1983-2 METHOD OF APPORTIONMENT 14 Non-Assessable Properties – Within the boundaries of the District, there are several types of properties th at are considered to receive no special benefit from the District improvements and are therefore not assessed. These parcels include:

1) Publicly owned parcels that are reserved as public open space or are developed as City Parks for active recreation and are maintained and serviced by the District; 2) Publicly owned wetland parcels;
3) Certain public utility parcels;
4) Privately owned open space parcels; and
5) Privately owned "sliver" parcels that have resulted from a lot line adjustment with an adjacent l arger parcel. The adjacent l arger parcel, of which these "sliver" parcels are a part, are assessed at the residential rate.

Assessment Methodology
The special benefits received by each parcel within the District and each parcel’s proportional annual assessment are calculated as follows:
• Sixty-one and six tenths’ percent (61.6%) spread equally to the 150 single family homes of Dublin Estates; and
• Thirty-eight and four tenths’ percent (38.4%) spread equally among the 553 apartments/condominiums of Amador Lakes Complex.

Maximum Assessment Rate

It is recognized that the cost of maintaining the District improvements increases slightly every year because of inflation. In Fiscal Year 2003- 04, the property owners approved a formula for increasing assessments for each future fiscal year to offset increases in costs due to inflation.

The maximum assessment amount for each property type shall be increased each fiscal year in an amount equal to the annual percentage increase of the local San Francisco Oakland San Jose Area Consumer Price Index (“Index”) for “All Urban Wage Earners and Clerical Workers” which is applied to all costs except utilities (water and electricity), plus the actual percentage increase in utility costs (collectively, “Annual Escalation Factor”).

In order to implement the District’s Annual Escalation Factor annually, two rates were developed based on the cost estimate that was prepared at the time the property owners approved the annual escalator. The first rate (the “CPI Rate”) was created to encompass the annual District cost increases except for utilities. The second rate (the “Utility Rate”) was created to encompass the annual utility cost increases.

The Index is to be applied annually to the prior year’s maximum CPI Rate for each property type to pay for all costs except utilities. The maximum Utility Rate was established to pay for all utility costs for each property type and is to be increased annually by the percentage change in the budgeted amount for utilities as shown in the District’s 612
CITY OF DUBLIN FISCAL YEAR 2025-26
LANDSCAPE AND LIGHTING DISTRICT No. 1983-2 METHOD OF APPORTIONMENT 15 annual fiscal year Engineer’s Reports . The increase in utility costs shall be calculated by taking the upcoming fiscal year’s budgeted amount for utilities and subtracting the District’s previous highest yearly budgeted amount for utilities. This difference is used to calculate the annual increase in the Utility Rate for each property type. The combination of the maximum CPI Rate and maximum Utility Rate (collectively, “Maximum Assessment Rate”) shall equal the Maximum Assessment Rate for the upcoming fiscal year. Please see Table 3 for details regarding the Maximum Assessment Rate for Fiscal Year 2025-26.

The timing of the annual percentage increase of the Index was changed beginning in 2018 and for each year thereafter for administrative purposes, to ensure the City is allowed the time necessary to have all annual documents prepared and approved by the City Council by June of each year, and to meet both County submittal and statutory requirements. Each fiscal year, the City shall identify the annual percentage difference in the Index between the most recent calendar year and that of the prior calendar year; more specifically, the annual percentage change used to escalate the prior year’s assessment rates for Fiscal Year 202 5-26 was determined based on the difference using the annual amount for calendar years 2024 and 2023. Should the Bureau of Labor Statistics revise such Index or discontinue the preparation of such Index, the City shall use the revised index or comparable index as approved by the City Council for determining fluctuations in the cost of living. The following table shows the Maximum Assessment Rates allowable for Fiscal Year 2025-26.

613
CITY OF DUBLIN FISCAL YEAR 2025-26
LANDSCAPE AND LIGHTING DISTRICT No. 1983-2 METHOD OF APPORTIONMENT 16 If the City Council determines that an inflation adjustment is not required for a given fiscal year, the City Council may authorize the ensuing fiscal year’s assessment without applying the adjustment formula to the amount levied. If the cost estimate and assessments for the District require an increase greater than the adjustment set forth in the formula, then the proposed increase would be subject to approval by the District property owners. Each fiscal year, the maximum assessment rate shall increase at the maximum amount allowable regardless of whether the increase is levied to the parcels within the District.

CPI for 2023 Calendar Year1 334.66
CPI for 2024 Calendar Year1 343.89
% Change in CPI - Increase 2.76%
Fiscal Year 2024/25 Maximum Rate per SFR - CPI Rate $368.90 Fiscal Year 2024/25 Maximum Rate per MFR - CPI Rate $62.38 Fiscal Year 2025/26 Maximum Rate per SFR - CPI Rate $379.07 Fiscal Year 2025/26 Maximum Rate per MFR - CPI Rate $64.10 Prior Year Maximum Utility Budget2 $37,020
Utility Budget for FY 2025/26 $25,177
% Change in Utilities Rate - Increase3 0.00%
Fiscal Year 2024/25 Maximum Rate per SFR - Utility Rate $152.03 Fiscal Year 2024/25 Maximum Rate per MFR - Utility Rate $25.71 Fiscal Year 2025/26 Maximum Rate per SFR - Utility Rate $152.03 Fiscal Year 2025/26 Maximum Rate per MFR - Utility Rate $25.71 Fiscal Year 2024/25 Maximum Assessment Rate per SFR $520.93 Fiscal Year 2024/25 Maximum Assessment Rate per MFR $88.08 Fiscal Year 2025/26 Maximum Assessment Rate per SFR4 $531.10 Fiscal Year 2025/26 Maximum Assessment Rate per MFR4 $89.81 1 CPI is based off of the All Urban Wage Earners and Clerical Workers. 2 The FY 2020/21 Budget Amount for Utilities was the previous highest amount budgeted for utility costs.
3 Equals the % difference between the FY 2024/25 and FY 2025/26 Maximum Utility Rate. If the Utility Budget does not increase, no increase will be realized.
4 Equals the FY 2025/26 Maximum CPI Rate + Maximum Utility Rate.

TABLE 3: MAXIMUM ASSESSMENT RATE
Landscape and Lighting District No. 1983-2
614
CITY OF DUBLIN FISCAL YEAR 2025-26
LANDSCAPE AND LIGHTING DISTRICT No. 1983-2 ASSESSMENT ROLL

17 PART E

ASSESSMENT ROLL

The proposed assessment and the amount of the assessment apportioned to each lot or parcel, as shown on the latest roll at the Assessor’s Office, are on file under separate cover with the City Clerk. Furthermore, the description of each lot or parcel is part of the records of the Assessor of the County of Alameda and those records are, by reference, part of this report. The assessments shown will be submitted to the County Auditor/Controller and included on the property tax roll for each parcel shown in the assessment roll for Fiscal Year 2025-26.

Parcel identification, the lines and dimensions of each lot, parcel, and subdivision of land within the District, are inclusive of the parcels as shown on the Alameda County Assessor's Parcel Maps as they existed at the time of the passage of the Resolution of Intention, and shall include subsequent subdivisions, lot line adjustments or parcel changes therein. Reference is hereby made to the Alameda County Assessor’s maps for a detailed description of the lines and dimensions of each lot and parcel of land within the District.

615
Landscape and Lighting
District No. 1986-1
Fiscal Year 2025-26
Final Engineer’s Report
May 20, 2025
Attachment 4
616
CITY OF DUBLIN FISCAL YEAR 2025-26
LANDSCAPE AND LIGHTING DISTRICT No. 1986-1 TABLE OF CONTENTS i

Table of Contents

Page No.

Certificate ......................................................................................... ii Section I - Introduction ..................................................................... 1 Section II – Engineer’s Report ......................................................... 3 Part A – Plans and Specifications ......................................... 5 Part B – Estimate of Costs .................................................... 6 Part C – Assessment District Diagram .................................. 9 Part D – Method of Apportionment of Assessments ............ 11 Part E - Assessment Roll .................................................... 16

617
CITY OF DUBLIN FISCAL YEAR 2025-26
LANDSCAPE AND LIGHTING DISTRICT No. 1986-1 CERTIFICATE
ii

ENGINEER'S REPORT

CITY OF DUBLIN
LANDSCAPE AND LIGHTING DISTRICT NO. 1986-1
FISCAL YEAR 2025-26

The undersigned, acting on behalf of Francisco & Associates respectfully submits the enclosed Engineer's Report as directed by the Dublin City Council pursuant to the provisions of Article XIIID, Section 4 of the California Constitution, provisions of the Landscaping and Lighting Act of 1972 and Section 22500 et al of the California Streets and Highways Code. The undersigned certifies that he is a Professional Engineer, registered in the State of California.

Dated: May 5, 2025 By:

Eduardo Espinoza, P.E.

RCE # 83709

618
CITY OF DUBLIN FISCAL YEAR 2025-26
LANDSCAPE AND LIGHTING DISTRICT No. 1986-1 INTRODUCTION 1 SECTION I

INTRODUCTION

The City of Dublin (“City”) levies and collects special assessments on parcels within Landscape and Lighting District No. 1986-1 (“District”) to maintain the improvements within the Villages in the Willow Creek area.

The assessments and method of apportionment described in this Report utilize commonly accepted assessment engineering practices and have been calculated and proportionately spread to each parcel based on the special benefits received as approved by the City Council at the time the District was formed.

General Description of the District

The District was initially formed in 1986 to provide a dedicated source of funding for the ongoing maintenance of landscaping, including fencing and sound walls , along the west side of Dougherty Road from Amador Valley Boulevard to the northerly City Limit, along Amador Valley Boulevard from Dougherty Road to Wildwood Road, along Wildwood Road and Fall Creek Road, and certain landscaped areas within the Ridgecreek single- family home development. Landscaping within the condominium and apartment developments is the responsibility of the homeowners' association(s) or property owner (s) for those individual developments.

A reduced copy of the Assessment Diagram showing the exterior boundaries of the District is provided in Part C of this Report.

Compliance with the California Constitution

Assessments are levied annually within the District pursuant to the Landscape and Lighting Act of 1972, Part 2 of Division 15 of the California Streets and Highways Code (“1972 Act”). All assessments described in this Report and approved by the City Council are prepared in accordance with the 1972 Act and are in compliance with the provisions of the California Constitution Article XIIID (“Article XIIID”), which was enacted with the passage of Proposition 218 in November 1996.

In Fiscal Year 2001- 02, the assessments in the District were increased by 54% with the approval of property owners in compliance with the requirements of Proposition 218. The increase in the assessment rate was required as the reserve funds had become depleted and could no longer be used to offset utility and maintenance cost increases. The property owners also approved an escalation clause for future years that allows the assessment to increase according to the annual percentage change of the Consumer Price Index and the utility cost to increase according to the actual cost of utilities.

619
CITY OF DUBLIN FISCAL YEAR 2025-26
LANDSCAPE AND LIGHTING DISTRICT No. 1986-1 INTRODUCTION 2 Any future increase in the assessment rate in excess of the maximum allowable rate or substantial changes in the services provided would require the approval of the property owners subject to the assessment based upon a mailed ballot which would be sent to each property owner.

Summary of District

A summary of the assessments to be levied in Fiscal Year 2025-26 for each property type is shown in the table below.

Property Type EDU Factor
Single Family Residential (SFR) 1.00 per Parcel $320.00 per Parcel Multi Family Residential (MFR) 0.50 per Unit $160.00 per Unit Commercial 4.00 per Parcel $1,280.00 per Parcel
Exempt, Cemeteries, Common Open Space 0.00 per Parcel $0.00 per Parcel Assessment Rate
TABLE 1: SUMMARY OF PROPOSED ASSESSMENTS
Landscape and Lighting District No. 1986-1
620
CITY OF DUBLIN FISCAL YEAR 2025-26
LANDSCAPE AND LIGHTING DISTRICT No. 1986-1 ENGINEER’S REPORT 3 SECTION II

ENGINEER'S REPORT PREPARED PURSUANT TO THE PROVISIONS
OF LANDSCAPING AND LIGHTING ACT OF 1972 SECTION 22500
THROUGH 22679 OF THE CALIFORNIA

STREETS AND HIGHWAYS CODE

CITY OF DUBLIN

LANDSCAPE AND LIGHTING DISTRICT NO. 1986-1
FISCAL YEAR 2025-26

Pursuant to the Landscaping and Lighting Act of 1972 (Part 2 Division 15 of the Streets and Highways Code of the State of California, commencing with Section 22500), and in accordance with the Resolution of Intention, adopted by the City Council of the City of Dublin on April 15, 202 5, I, Eduardo Espinoza, the duly appointed Engineer of Work, Assessment Engineer for the City of Dublin Landscape and Lighting District No. 1986- 1 (the “District”) submit the following Report, consisting of Section I (Introduction), and this, Section II, which consists of five (5) parts as follows:

PART A: PLANS AND SPECIFICATIONS

This part describes the improvements maintained by the District . Plans and specifications for the improvements are on file in the Office of the Director of Public Works of the City of Dublin and are incorporated herein by reference.

PART B: ESTIMATE OF COST

This part contains an estimate of the cost of the proposed improvements to be maintained for F iscal Year 2025-26, including incidental costs and expenses in connection therewith. The estimate is attached hereto and is on file in the Office of the Director of Public Works of the City of Dublin.

PART C: ASSESSMENT DISTRICT DIAGRAM

This part incorporates a Diagram of the District showing the exterior boundaries of the District, the boundaries of any zones within the District and the lines and dimensions of each lot or parcel of land within the District. This Diagram has been prepared by the Engineer of Work and is on file in the Office of the Director of Public Works of the City of Dublin.

621
CITY OF DUBLIN FISCAL YEAR 2025-26
LANDSCAPE AND LIGHTING DISTRICT No. 1986-1 ENGINEER’S REPORT 4 The lines and dimensions of each lot or parcel within the District are those lines and dimensions shown on the maps of the Alameda County Assessor for the year when this Report was prepared. The Assessor’s maps and records are incorporated by reference herein and made a part of this Report.

PART D: METHOD OF APPORTIONMENT OF ASSESSMENTS

This part describes the method of apportionment of assessments, based upon each parcel’s land use classification within the District in proportion to the estimated special benefits to be received.

PART E: ASSESSMENT ROLL

This part contains an assessment of the estimated cost of the improvements apportioned to each benefited parcel of land within the District. The Assessment Roll is filed in the Office of the City Clerk of the City of Dublin and is incorporated in this Report.

The list is keyed to the records of the Alameda County Assessor, which are incorporated herein by reference.

622
CITY OF DUBLIN FISCAL YEAR 2025-26
LANDSCAPE AND LIGHTING DISTRICT No. 1986-1 PLANS AND SPECIFICATIONS 5 PART A

PLANS AND SPECIFICATIONS

The District provides for the continued maintenance and servicing of landscaping, including fencing and sound- walls within the public rights -of-way and within public easements within private streets , which provide special benefit to parcels and properties within the District. The specific improvements maintained by the District include:

a. The median and roadside landscaping along the north side of Willow Creek Drive.

b. Roadside landscaping along Shady Creek Drive within Lots 1, 2, 3, 4, 5, 6, 15, 16, 37, 38, and south of Lot 145, all within Tract 5511.

c. Roadside landscaping, wall, fence, and pathway improvements along the west side of Dougherty Road, between Amador Valley Boulevard and the northerly City limit, and along the north side of Amador Valley Boulevard, between Dougherty Road and Wildwood Road.

d. Roadside landscaping, fence, and pathway improvements on the west side of Wildwood Road.

e. Roadside landscaping, fence, wall, and pathway improvements on the west side of Dougherty Road and the south side of Amador Valley Boulevard, adjacent to Lot 150.

f. Roadside landscaping, fence, and pathway improvements on the west and north sides of Fall Creek Road.

g. Roadside landscaping and emergency access surfacing at the north end of Crossridge Road within the street right-of-way.

Pursuant to the 1972 Act:

"Maintain" or "maintenance" means the furnishing of services and materials for the ordinary and usual maintenance, operation, and servicing of any improvement, including repair, removal, or replacement of all or any part of any improvement.

"Service" or "servicing" means the furnishing of electric current or energy, gas, or other illumin ating agent for any public lighting facilities or for the lighting or operation of any other improvements.

Drawings showing the specific locations of th e improvements are on file in the City’s Public Works Department and are made a part of this report by reference.

623
CITY OF DUBLIN FISCAL YEAR 2025-26
LANDSCAPE AND LIGHTING DISTRICT No. 1986-1 ESTIMATE OF COSTS 6 PART B

ESTIMATE OF COSTS

All landscaping and other eligible improvements within the District are maintained and serviced on a regular basis. The proposed cost estimate for the District is shown on a following page herein. This includes an estimate of the costs of utilities, operations, services, administration, and maintenance associated with the improvements, including all labor, personnel, equipment, materials, and administrative expenses. The summary also shows the estimated fund bal ance, and the projected reserve collection increase/(decrease) based upon the estimated expenditures and assessment revenue.

Projected cost estimates are also shown for the next two (2) fiscal years.

The following describes the general services and costs shown in the cost estimate.

District Costs

Maintenance Landscape – The cost of maintenance and repair of the landscaping and open space areas within the District.

Utilities Water – The cost of furnishing water for maintenance of landscape and irrigation systems within the District.

Utilities Electricity – The cost of electricity for maintenance of landscape and powering of irrigation systems within the District.

Miscellaneous Expenses – Costs that cannot easily be categorized into any of the other District Costs defined above.

Legal Notices – The cost of legal notices includes costs associated with preparation and publishing of any, and all required legal notices associated with the District.

District Administration – The costs of contracting with professionals to provide services specific to the annual levy administration, including preparation of the Engineer’s Report, resolutions, and levy submittal to the County. These fees can also include any additional administrative, legal, or engineering services specific to the District such as the cost to prepare and mail notices of the public meeting and hearing.

Public Works Administration – The cost of public works administration includes costs derived by the City’s Public Works Department or other department in relation to the administration and management of the District.

County Collection Fee – The cost to the District for the County to collect assessments on the annual secured property tax bills. Alameda County charges 1.7% of the total levy amount.

The following page shows the cost estimates for Fiscal Year 2025-26 and 2026-27.

624
CITY OF DUBLIN FISCAL YEAR 2025-26
LANDSCAPE AND LIGHTING DISTRICT No. 1986-1 ESTIMATE OF COSTS 7 Capital Improvement Projects

In addition to collecting funds annually for maintenance, funds are also allowed to be collected for capital improvement projects. Capital improvement projects generally include the repair and replacement of public improvements authorized to be maintained by the District. These funds are collected and often accumulated in a separate fund and are not considered to be a part of the regular maintenance of the improvements.

Following is a list of capital improvement projects the City plans to address utilizing District funds in the upcoming fiscal year and thereafter.

General Improvements: The City has identified the need for additional plantings as well as sidewalk repairs, which fall outside of the regular maintenance budget for this District. Repairs will be addressed based upon need and available fund balance in the upcoming two-year cycle.

District Revenues
FY 2025-26
Cost Estimate
Projected1
FY 2026-27
Cost Estimate
Estimated Assessment Revenues $208,480 $212,650
Contributions from Other Revenue Sources $10,000 $10,000 Total Revenues: $218,480 $222,650
Estimated Expenditures
Maintenance - Landscape (MCE Base Amount) $50,586 $52,104 M
aintenance - Landscape (MCA Additional) $0 $0
Utilities - Electricity $2,625 $2,756
Utilities - Water $52,500 $55,125
Miscellaneous Expenses $0 $0
Legal Notices $628 $647
District Administration $3,726 $3,838
Public Works Administration $0 $0
County Collection Fee $3,115 $3,208
Total Annual Expenditures: $113,180 $117,678
Fund Balance Information
Beginning Balance - Projected July 1, 2025 $521,848 $627,148 FY 2025-26 Reserve Collection Increase/(Decrease) $105,300 $104,972 Ending Balance - Projected June 30, 2026 $627,148 $732,120 Recommended Operating Reserves $56,590 $58,839
Available Operating Reserves $56,590 $58,839
Available Capital Reserves $570,558 $673,281
1The Maximum Assessment Revenue for Fiscal Year (FY) 2026/27 was estimated to be equal to the FY 2025/26 Maximum Assessment Revenues and escalated by 2%.

Table 2: Cost Estimate Table
Landscape & Lighting District No. 1986-1
625
CITY OF DUBLIN FISCAL YEAR 2025-26
LANDSCAPE AND LIGHTING DISTRICT No. 1986-1 ESTIMATE OF COSTS 8 Alamo Creek Park and Assessment District - Fence Replacement: The City has identified the need to remove, replace, and/or repair tubular steel fencing throughout the District and around and within Alamo Creek Park. The project ’s costs associated with Alamo Creek Park fencing are not funded by the District, but are funded by the City’s General Fund. The funding needed for the project is currently estimated to be greater than $400,000.

626
CITY OF DUBLIN FISCAL YEAR 2025-26
LANDSCAPE AND LIGHTING DISTRICT No. 1986-1 ASSESSMENT DIAGRAM 9 PART C

ASSESSMENT DISTRICT DIAGRAM

The boundaries of the District are shown herein. The lines and dimensions of each parcel within the District are those lines and dimensions shown on the maps of the Alameda County Assessor for the year in which this Report was prepared and are incorporated by reference herein and made part of this Report.

A reduced copy of the Assessment Diagram is shown on the following page.

627
City of Dublin
Landscape and Lighting District No. 1986-1
Assessment Diagram
Willow Creek Dr
DOugherty Rd
Amador Valley Blvd
Fall Creek Rd
¯
0 640 1,280320
Feet
Legend
!
! !
!! LLAD 1986-1 Boundary
City Limit
Parcel Lines
Parcels within LLAD 1986-1
628
CITY OF DUBLIN FISCAL YEAR 2025-26
LANDSCAPE AND LIGHTING DISTRICT No. 1986-1 METHOD OF APPORTIONMENT 11 PART D

METHOD OF APPORTIONMENT OF ASSESSMENTS

General

The 1972 Act permits the establishment of assessment districts by agencies for the purpose of providing certain public improvements which include the construction, maintenance and servicing of public lights, landscaping, and appurtenant facilities. The 1972 Act further requires that the cost of these improvements be levied according to benefit rather than assessed value:

“The net amount to be assessed upon lands within an assessment district may be apportioned by any formula or method which fairly distributes the net amount among all assessa ble l ots or parcels in proportion to the estimated benefits to be received by each such lot or parcel from the improvements.”

The formula used for calculating assessments in the District therefore reflects the composition of the parcels, and the improvements and services provided, to fairly apportion the costs based on estimated benefit to each parcel. In addition, pursuant to Article XIIID Section 4:

“No assessment shall be imposed on any parcel which exceeds the reasonable cost of the proportional special benefit conferred on that parcel.

Only special benefits are assessable, and an agency shall separate the general benefits from the special benefits conferred on a parcel.”

Benefit Analysis

Each of the improvements have been carefully reviewed by the City and the corresponding assessments have been proportionately spread to each parcel based on special benefits received from the improvements as determined at the time the District was established.

General Benefits – In reviewing each of the District improvements, the proximity of those improvements to both properties within the District and those outside the District, as well as the reasons for installing and constructing such improvements, it is evident that the improvements are solely the result of developing properties within the District, and the ongoing maintenance and operation of these improvement s will directly affect the properties wit hin the District. Although the improvements include public a reas, easements, rights-of-way, and other amenities available or visible to the public at large, the construction and installation of these improvements were only necessary for the development of properties within the District and were not required, nor necessarily desired by any properties or developments outside the District boundary and any public access or use of the improvements by others is incidental. Therefore, it has been determined that the improvements a nd the ongoing maintenance, servicing and 629
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LANDSCAPE AND LIGHTING DISTRICT No. 1986-1 METHOD OF APPORTIONMENT 12 operation of those improvements provide no measurable general benefit to properties outside the District or to the public at large, but clearly provide distinct and special benefits to properties within the District.

Special Benefits – The method of apportionment (method of assessment) established herein is based on the premise that each assessed parcel within the District receives special benefits from the improvements and the desirability of those properties is enhanced by the presence of well-maintained landscaping near those properties.

The special benefits associated with landscape improvements are specifically:
1) Enhanced desirability of properties through association with the improvements. 2) Improved aesthetic appeal of properties providing a positive representation of the area and properties.
3) Enhanced adaptation of the urban environment within the natural environment from adequate green space and landscaping.
4) Environmental enhancement through improved erosion resistance, dust and debris control, and fire prevention.
5) Increased sense of pride in ownership of property within the District resulting from well-maintained improvements associated with the properties. 6) Enhanced quality of life through well-maintained green space and landscaped areas.
7) Reduced criminal activity and property-related crimes (especially vandalism) against properties in the District through well-maintained surroundings and amenities including abatement of graffiti.
8) Enhanced environmental quality of the parcel s by moder ating t emperatures, providing oxygenation, and attenuating noise.

The preceding special benefits contribute to the aesthetic value and desirability of each of the assessed parcels within the District and thereby provide a special enhancement of the properties. Furthermore, it has been determined that the lack of funding to properly service and maintain the District improvements w ould have a negative impact on the properties within the District.

Non-Assessable Properties – Within the boundaries of the District, there are several types of properties th at are considered to receive no special benefit from the District improvements and are therefore not assessed. These parcels include:

1) Publicly owned parcels that are reserved as public open space or are developed as City parks for active recreation and are maintained and serviced by the District; 2) Publicly owned wetland parcels;
3) Certain public utility parcels;
4) Privately owned open space parcels; and
5) Privately owned "sliver" parcels that have resulted from a lot line adjustment with an adjacent larger parcel.

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LANDSCAPE AND LIGHTING DISTRICT No. 1986-1 METHOD OF APPORTIONMENT 13 Assessment Methodology

The spe cial b enefits receiv ed by each parcel w ithin the District a nd ea ch parcel’s proportional annual assessment a re calcula ted on the basis of a formula that utilizes Equivalent Dwelling Units. The Equivalent Dwelling Unit (EDU) method of apportionment establishes a proportional b enefit relationship between the various p arcels w ithin the District a nd the i mprovements m aintained by the District. T he typical single family residential parcel is assigned 1.00 EDU.

EDUs are assigned to the other land uses based upon the property’s development status, and type of development (County of Alameda land use code) as shown in the table below.

Single-Family Residential (SFR) – (County land use 1x) This la nd use i dentifies properties that are developed for single-family residential use and are assigned a factor of

1.00 EDU per parcel. This is the base value that all other land use types are compared and weighted against using EDUs.

Mu
lti-Family Residential – This land use identifies properties that are developed for multi- family use and are assigned a factor of 0.50 EDU per unit.

Commercial – This land use identifies properties that are classified for commercial use and are assigned a factor of 4.00 EDU per parcel/lot.

Common Open Space, Cemeteries & Other Exempt Property – This land use identifies properties that are exempt from assessment and are assigned 0.00 EDU.

The following formulas are used to calculate each property’s assessment:

Total Balance to Levy / Total EDUs = Levy per EDU (Rate) Parcel EDU x Levy per EDU = Parcel Levy Amount
Property Type EDU Factor
Single Family Residential (SFR) 1.00 per Parcel
Multi Family Residential (MFR) 0.50 per Unit
Commercial 4.00 per Parcel
Exempt, Cemeteries, Common Open Space 0.00 per Parcel
TABLE 3: ASSESSMENT METHODOLOGY
Landscape and Lighting District No. 1986-1
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LANDSCAPE AND LIGHTING DISTRICT No. 1986-1 METHOD OF APPORTIONMENT 14 Maximum Assessment Rate

It is recognized that the cost of maintaining the District improvements increases slightly every year because of inflation. In Fiscal Year 2001-02, the property owners approved a formula for increasing assessments for each future fiscal year to offset increases in costs due to inflation.

The maximum assessment amount for each property type shal l be increased each fiscal year in an amount equal to the annual percentage increase of the local San Francisco- Oakland-San Jose Area Consumer Price Index (“Index”) for “All Urban Wage Earners and Clerical Workers” which is app lied to all costs except utilities (water and electricity), p lus the actual percentage increase in utility costs (collectively, “Annual Escalation Factor”).

In order to implement the District’s Annual Escalation Factor annually, two rates were developed based on the cost estimate that was prepared at the time the property owners approved the annual escalator. The first rate (the “CPI Rate”) was created to encompass the annual District cost increases except for utilities. The second rate (the “Utility Rate”) was created to encompass the annual utility cost increases.

The Index is to be applied annually to the prior year’s maximum CPI Rate for each property type to pay for all costs except utilities. The maximum Utility Rate was established to pay for all utility costs for each property type and is to be increased annually by the percentage change in the budgeted amount for utilities as shown in the District’s annual fiscal year Engineer’s Reports . The increase in utility costs shall be calculated by taking the upcoming fiscal year’s budgeted amount for utilities and subtracting the District’s previous highest yearly budgeted amount for utilities. This difference is used to calculate the annual increase in the Utility Rate for each property type. The combination of the maximum CPI Rate and maximum Utility Rate (collectively, “Maximum Assessment Rate”) shall equal the Maximum Assessment Rate for the upcoming fiscal year. Please see Table 3 for details regarding the Maximum Assessment Rate for Fiscal Year 2025-26.

The timing of the annual percentage increase of the Index was changed beginning in 2018 and for each year thereafter for administrative purposes, to ensure the City is allowed the time necessary to have all annual documents prepared and approved by the City Council by June of each year, and to meet both County submittal and statutory requirements.

Each fiscal year starting in 2018, the City shall identify the annual percentage difference in the Index between the most recent calendar year and that of the prior calendar year; more specifically, the annual percentage change used to escalate the prior year’s assessment rates for Fiscal Year 2025 -26 was determined based on the difference using the a nnual amount for calendar years 20 24 and 2023. Should the Bureau of Labor Statistics revise such Index or discontinue the preparation of such Index, the City shall use the revised index or comparable index as approved by the City Council for determining fluctuations in the cost of living. The following table shows the Maximum Assessment Rates allowable for Fiscal Year 2025-26.
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LANDSCAPE AND LIGHTING DISTRICT No. 1986-1 METHOD OF APPORTIONMENT 15 If the City Council determines that an inflation adjustment is not required for a given fiscal year, the City C ouncil may authorize the ensuing fiscal year’s assessment without applying the a djustment fo rmula to the amount levied. If t he cost estimate a nd assessments for the District require an increase greater than the adjustment set forth in the fo rmula, th en the proposed in crease w ould be su bject to a pproval by the District property owners. Each fiscal ye ar, the maximum assessment rate shall increase at the maximum am ount allowable regardless of whether the in crease is levied to the parcels within the District.

CPI for 2023 Calendar Year1 334.66
CPI for 2024 Calendar Year1 343.89
% Change in CPI - Increase 2.76%
Fiscal Year 2024/25 Maximum Rate per EDU - CPI Rate $187.13 Fiscal Year 2025/26 Maximum Rate per EDU - CPI Rate $192.29 Prior Year Maximum Utility Budget2 $83,200
Utility Budget for FY 2025/26 $55,125
% Change in Utility Rate - Increase3 0.000%
Fiscal Year 2024/25 Maximum Rate per EDU - Utility Rate $127.71 Fiscal Year 2025/26 Maximum Rate per EDU - Utility Rate $127.71 Fiscal Year 2024/25 Maximum Assessment Rate per EDU $314.83 Fiscal Year 2025/26 Maximum Assessment Rate per EDU4 $320.00 1 CPI is based off of the All Urban Wage Earners and Clerical Workers. 2 The Fiscal Year 2017/18 Budget Amount for Utilities was the previous highest amount budgeted for utility costs.
3 Equals the % difference between the Fiscal Year 2024/25 and FY 2025/26 Maximum Utility Rate. If the Utility Budget does not increase, no increase will be realized.
4 Equals the FY 2025/26 Maximum CPI Rate + Maximum Utility Rate.

TABLE 4: MAXIMUM ASSESSMENT RATE
Landscape and Lighting District No. 1986-1
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LANDSCAPE AND LIGHTING DISTRICT No. 1986-1 ASSESSMENT ROLL

16 PART E

ASSESSMENT ROLL

The proposed assessment and the amount of the assessment apportioned to each lot or parcel, as shown on the latest roll at the Assessor’s Office, are on file under separate cover with the City Clerk. Furthermore, the description of each lot or parcel is part of the records of the Assessor of the County of Alameda and those records are, by reference, part of this report. The assessments shown will be submitted to the County Auditor/Controller and included on the property tax roll for each parcel shown in the assessment roll for Fiscal Year 2025-26.

Parcel identification, the lines and dimensions of each lot, parcel, and subdivision of land within the District, are inclusive of the parcels as shown on the Alameda County Assessor's Parcel Maps as they existed at the time of the passage of the Resolution of Intention, and shall include subsequent subdivisions, lot line adjustments or parcel changes therein. Reference is hereby made to the Alameda County Assessor’s maps for a detailed description of the lines and dimensions of each lot and parcel of land within the District.
634
Landscape and Lighting
District No. 1997-1
Fiscal Year 2025-26
Final Engineer’s Report
May 20, 2025
Attachment 5
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LANDSCAPE AND LIGHTING DISTRICT No. 1997-1 TABLE OF CONTENTS i

Table of Contents

Page No.

Certificate ......................................................................................... ii Section I - Introduction ..................................................................... 1 Section II – Engineer’s Report ......................................................... 3 Part A – Plans and Specifications ......................................... 5 Part B – Estimate of Costs .................................................... 7 Part C – Assessment District Diagram ................................ 10 Part D – Method of Apportionment of Assessments ............ 12 Part E - Assessment Roll .................................................... 18

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LANDSCAPE AND LIGHTING DISTRICT No. 1997-1 CERTIFICATE
ii

ENGINEER'S REPORT

CITY OF DUBLIN
LANDSCAPE AND LIGHTING DISTRICT NO. 1997-1
FISCAL YEAR 2025-26

The undersigned, acting on behalf of Francisco & Associates respectfully submits the enclosed Engineer's Report as directed by the Dublin City Council pursuant to the provisions of Article XIIID, Section 4 of the California Constitution, provisions of the Landscaping and Lighting Act of 1972 and Section 22500 et al of the California Streets and Highways Code.

The undersigned certifies that he is a Professional Engineer, registered in the State of California.

Dated: May 5, 2025 By:

Eduardo Espinoza, P.E.

RCE # 83709

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CITY OF DUBLIN FISCAL YEAR 2025-26
LANDSCAPE AND LIGHTING DISTRICT No. 1997-1 INTRODUCTION 1 SECTION I

INTRODUCTION

The City of Dublin (“City”) levies and collects special assessments on parcels within the City of Dublin Landscape and Lighting District No. 1997-1 (“District”) to maintain the landscaping and irrigation improvements within the Santa Rita area.

The assessments and method of apportionment described in this Report utilize commonly accepted assessment engineering practices and have been calculated and proportionately spread to each parcel based on the special benefits received as approved by the City Council at the time the District was formed.

General Description of the District

The District was formed to fund street landscape maintenance an d utility costs for the Santa Rita development area, also known as Emerald Park. The total District area is approximately 422 developed acres bounded by Arnold Road on the west, Gleason Drive on the north, Tassajara Road on the east, and Interstate 580 on the south. A diagram of the District is included within this report.

A reduced copy of the Assessment Diagram showing the exterior boundaries of the District is provided in Part C of this Report.

Compliance with the California Constitution

Assessments are levied annually within the District pursuant to the Landscape and Lighting Act of 1972, Part 2 of Division 15 of the California Streets and Highways Code (“1972 Act”).

All assessments described in this Report and approved by the City Council are prepared in accordance with the 1972 Act and are in compliance with the provisions of the California Constitution Article XIIID (“Article XIIID”), which was enacted with the passage of Proposition 218 in November 1996.

In accordance with the requirements of Proposition 218, the property owners approved a formula for increasing assessments in succeeding years that allows the maintenance cost to increase according to the Consumer Price Index and the utility cost to increase according to the actual cost of utilities.

Any future increase in the assessment rate in excess of the maximum allowable rate or substantial changes in the services provided would require the approval of the property owners subject to the assessment based upon a mailed ballot which would be sent to each property owner pursuant to the provisions of the California Constitution Article XIIID. 638
CITY OF DUBLIN FISCAL YEAR 2025-26
LANDSCAPE AND LIGHTING DISTRICT No. 1997-1 INTRODUCTION 2 Summary of District

A summary of the assessments to be levied in Fiscal Year 202 5-26 for each property type is shown in the table below.

Development/Property Type
California Creekside Single
‐
Family Residential (SFR) $131.46 per Parcel
California Brookside Multi
‐
Family Residential (MFR) $56.96 per Unit
Summer Glen
‐
Richmond American (North) Lots $115.12 per Parcel
Summer Glen
‐
Richmond American (South) Lots $126.68 per Parcel
Summer Glen
‐
Kaufman & Broad Lots $176.30 per Parcel
Summer Glen
‐
Pulte Lots $221.19 per Parcel
Dublin Greene Tract 7084 Single Family Residential $139.25 per Parcel Dublin Greene Tract 7149 Single Family Residential $104.85 per Parcel Dublin Greene Tract 7149 Condominiums $54.65 per Unit
Other Parcels Including Retail, Office, and Industrial1 $924.54 per Acre 1 Other Parcels includes all other land uses including commercial, retail, office, industrial, and all other parcels that do not fall into one of the developments/property types referenced above.

TABLE 1: SUMMARY OF PROPOSED ASSESSMENTS
Landscape and Lighting District No. 1997-1
Assessment Rate
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CITY OF DUBLIN FISCAL YEAR 2025-26
LANDSCAPE AND LIGHTING DISTRICT No. 1997-1 ENGINEER’S REPORT 3 SECTION II

ENGINEER'S REPORT PREPARED PURSUANT TO THE PROVISIONS OF LANDSCAPING AND LIGHTING ACT OF 1972 SECTION 22500 THROUGH 22679 OF THE CALIFORNIA

STREETS AND HIGHWAYS CODE

CITY OF DUBLIN

LANDSCAPE AND LIGHTING DISTRICT NO. 1997-1
FISCAL YEAR 2025-26

Pursuant to the Landscaping and Lighting Act of 1972 (Part 2 Division 15 of the Streets and Highways Code of the State of California, commencing with Section 22500), and in accordance with the Resolution of Intention, adopted by the City Council of the City of Dublin on April 15, 202 5, I, Eduardo Espinoza, the duly appointed Engineer of Work, Assessment Engineer for the City of Dublin Landscape and Lighting District No. 1997- 1 (the “District”) submit the following Report, consisting of Section I (Introduction), and this, Section II (Engineer’s Report), which consists of five (5) parts as follows:

PART A: PLANS AND SPECIFICATIONS

This part describes the improvements maintained by the District. Plans and specifications for the improvements are on file in the Office of the Director of Public Works of the City of Dublin and are incorporated herein by reference.

PART B: ESTIMATE OF COST

This part contains an estimate of the cost of the proposed improvements to be maintained for F iscal Year 2025-26, including incidental costs and expenses in connection therewith. The estimate is attached hereto and is on file in the Office of the Director of Public Works of the City of Dublin.

PART C: ASSESSMENT DISTRICT DIAGRAM

This part incorporates a Diagram of the District showing the exterior boundaries of the District, the boundaries of any zones within the District and the lines and dimensions of each lot or parcel of land within the District. This Diagram has been prepared by the Engineer of Work and is on file in the Office of the Director of Public Works of the City of Dublin.

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LANDSCAPE AND LIGHTING DISTRICT No. 1997-1 ENGINEER’S REPORT 4 The lines and dimensions of each lot or parcel within the District are those lines and dimensions shown on the maps of the Alameda County Assessor for the year when this Report was prepared. The Assessor’s maps and records are incorporated by reference herein and made a part of this Report.

PART D: METHOD OF APPORTIONMENT OF ASSESSMENTS

This part describes the method of apportionment of assessments, based upon each parcel’s land use classification within the District in proportion to the estimated special benefits to be received.

PART E: ASSESSMENT ROLL

This part contains an assessment of the estimated cost of the improvements to be apportioned to each benefited parcel of land within the District. The Assessment Roll is filed in the Office of the City Clerk of the City of Dublin and is incorporated in this Report.

The list is keyed to the records of the Alameda County Assessor, which are incorporated herein by reference.

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CITY OF DUBLIN FISCAL YEAR 2025-26
LANDSCAPE AND LIGHTING DISTRICT No. 1997-1 PLANS AND SPECIFICATIONS 5 PART A

PLANS AND SPECIFICATIONS

The District provides for the continued maintenance and servicing of the landscaping and open space areas within the following areas:

1. Portions of the northerly and southerly street frontages for Dublin Boulevard, from Arnold Road to Tassajara Road.

2. The northerly and southerly street frontages for Central Parkway from Hacienda Drive to Tassajara Road, excluding the elementary school and Emerald Glen Park frontage landscaping.

3. The southerly street frontage for Gleason Drive, from Arnold Road to Tassajara Creek.

4. The easterly street frontage for Arnold Road, from Central Parkway to Gleason Drive.

5. The easterly street frontage for Hacienda Drive from Summer Glen Drive to Gleason Drive, and westerly street frontage for Hacienda Drive from Central Parkway to Gleason Drive.

6. Tassajara Creek and trail, from I -580 to the northerly property boundary of the Alameda County Surplus Property Authority property (APN 986-1-1-10).

7. Street median landscaping is not part of this District.

As generally defined in the 1972 Act, maintenance and servicing of the improvements may include one or any combination of the following:

1. The installation or planting of landscaping. The installation or construction of statuary, fountains, and other ornamental structures and facilities.

2. The installation or construction of any facilities which are appurtenant to any of the foregoing, or which are necessary or convenient for the maintenance or servicing thereof; including but not limited to, grading, removal of debris, the installation or construction of curbs, gutters, walls, sidewalks, paving, or water, irrigation, drainage, or electrical facilities.

3. The maintenance or servicing, or both, of any of the foregoing including the furnishing of services and materials for the ordinary and usual maintenance, operation, and servicing of any improvement, including, but not limited to:
a. Repair, removal, or replacement of all or any part of any improvements; b. Grading, clearing, removal of debris, the installation, repair or construction of curbs, gutters, walls, sidewalks, or paving, or water, irrigation, drainage, or electrical facilities;
c. Providing for the life, growth, health, and beauty of landscaping, including cultivation, irrigation, trimming, spraying, fertilizing, or treating for disease or injury;
d. The removal of trimmings, rubbish, debris, and other solid waste; e. The cleaning, sandblasting, and painting of walls and other improvements to remove or cover graffiti;

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CITY OF DUBLIN FISCAL YEAR 2025-26
LANDSCAPE AND LIGHTING DISTRICT No. 1997-1 PLANS AND SPECIFICATIONS 6 f. Electric current or energy, gas, or other agent for the lighting or operation of any other improvements; and
g. Water for the irrigation of any landscaping, the operation of any fountains, or the maintenance of any other improvements.

4. Incidental expenses associated with the improvements including, but not limited to:
a. The cost of preparation of the report, including plans, specifications, estimates, diagram, and assessment;
b. The costs of printing, advertising, and the publishing, posting, and mailing of notices;
c. Compensation payable to the County for collection of assessments; d. Compensation of any engineer or attorney employed to render services; e. Any other expenses incidental to the construction, installation, or maintenance and servicing of the improvements; and
f. Costs as sociated with any elect ions held for t he approval of a new or increased assessment.

Pursuant to the 1972 Act:

"Maintain" or "maintenance" means the furnishing of services and materials for the ordinary and usual maintenance, operation, and servicing of any improvement, including repair, removal, or replacement of all or any part of any improvement.

"Service" or "servicing" means the furnishing of electric current or energy, gas, or other illumin ating agent for any public lighting facilities or for the lighting or operation of any other improvements.

Drawings showing the specific locations of the improvement s are on file in the City ’s Public Works Department and are made a part of this report by reference.

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LANDSCAPE AND LIGHTING DISTRICT No. 1997-1 ESTIMATE OF COSTS 7 PART B

ESTIMATE OF COSTS

All landscaping and other eligible improvements within the District are maintained and serviced on a regular basis. The proposed cost estimate for the District is shown on a following page herein. This includes an estimate of the costs of utilities, operations, services, administration, and maintenance associated with the improvements, including all labor, personnel, equipment, materials, and administrative expenses. The summary also shows the estimated fund bal ance, and the projected reserve collection increase/(decrease) based upon the estimated expenditures and assessment revenue.

Projected cost estimates are also shown for the next two ( 2) fiscal years.

The following describes the general services and costs shown in the cost estimate.

District Costs

Maintenance Landscape – The cost of maintenance and repair of landscaping and open space areas.

Utilities Water – The cost of furnishing water for maintenance of landscape and irrigation systems.

Utilities Electricity – The cost of electricity for maintenance of landscape, powering of irrigation systems, and entry lighting within the District.

Miscellaneous Expenses – Costs that cannot easily be categorized into any of the other District Costs defined above.

Legal Notices – The cost of legal notices includes costs associated with preparation and publishing of any, and all required legal notices associated with the District.

District Administration – The costs of contracting with professionals to provide services specific to the annual levy administration, including preparation of the Engineer’s Report, resolutions, and levy submittal to the County. These fees can also include any additional administrative, legal, or engineering services specific to the District such as the cost to prepare and mail notices of the public meeting and hearing.

Public Works Administration – The cost of public works administration includes costs derived by the City’s Public Works Department or other department in relation to the administration and management of the District.

County Collection Fee – The cost to the District for the County to collect assessments on the annual secured property tax bills. Alameda County charges 1.7% of the total levy amount.
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LANDSCAPE AND LIGHTING DISTRICT No. 1997-1 ESTIMATE OF COSTS 8 The following page shows the cost estimates for Fiscal Year 2025-26 and 2026-27.

District Revenues
FY 2025-26
Cost Estimate
Projected1
FY 2026-27
Cost Estimate
Estimated Assessment Revenues $389,393 $397,181
Contributions from Other Revenue Sources $26,000 $26,000 Total Revenues: $415,393 $423,181
Estimated Expenditures
Maintenance - Landscape (MCE Base Amount) $241,489 $248,734 M
aintenance - Landscape (MCE Additional) $350,000 $0
Utilities - Electricity $1,087 $1,141
Utilities - Water $105,000 $110,250
EBRPD Annual Trail Maintenance Fee $17,600 $19,360
Legal Notices $628 $647
District Administration $3,726 $3,838
Public Works Administration $0 $0
County Collection Fee $7,649 $7,878
Total Annual Expenditures: $727,179 $391,848
Fund Balance Information
Beginning Balance - Projected July 1, 2025 $1,221,303 $909,517 FY 2025-26 Reserve Collection Increase/(Decrease) ($311,786) $31,333 Ending Balance - Projected June 30, 2026 $909,517 $940,850 Recommended Operating Reserves $363,590 $195,924
Available Operating Reserves $363,590 $195,924
Available Capital Reserves $545,927 $744,926
1The Maximum Assessment Revenue for Fiscal Year (FY) 2026/27 was estimated to be equal to the FY 2025/26 Maximum Assessment Revenues and escalated by 2%.

Table 2: Cost Estimate Table
Landscape & Lighting District No. 1997-1
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LANDSCAPE AND LIGHTING DISTRICT No. 1997-1 ESTIMATE OF COSTS 9 Capital Improvement Projects

In addition to collecting funds annually for maintenance, funds are also allowed to be collected for capital improvement projects. Capital improvement projects generally include the repair and replacement of public improvements authorized to be maintained by the District. These funds are collected and often accumulated in a separate fund and are not considered to be a part of the regular maintenance of the improvements.

Following is a list of capital improvement projects the City plans to address utilizing District funds in the upcoming fiscal year and thereafter.

General Improvements: The City has identified the need for additional plantings and irrigation repairs, which fall outside the scope of the regular maintenance budget for the District. Efforts will be addressed based upon need and available fund balance in the upcoming two-year cycle.

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LANDSCAPE AND LIGHTING DISTRICT No. 1997-1 ASSESSMENT DIAGRAM 10 PART C

ASSESSMENT DISTRICT DIAGRAM

The boundaries of the District are shown herein. The lines and dimensions of each parcel within the District are those lines and dimensions shown on the maps of the Alameda County Assessor for the year in which this Report was prepared and are incorporated by reference herein and made part of this Report.

A reduced copy of the Assessment Diagram is shown on the following page.

647
City of Dublin
Landscape and Lighting District No. 1997-1
Assessment Diagram
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LANDSCAPE AND LIGHTING DISTRICT No. 1997-1 METHOD OF APPORTIONMENT 12 PART D

METHOD OF APPORTIONMENT OF ASSESSMENTS

General

The 1972 Act permits the establishment of assessment districts by agencies for the purpose of providing certain public improvements which include the construction, maintenance and servicing of public lights, landscaping, and appurtenant facilities. The 1972 Act further requires that the cost of these improvements be levied according to benefit rather than assessed value:

“The net amount to be assessed upon lands within an assessment district may be apportioned by any formula or method which fairly distributes the net amount among all assessa ble l ots or parcels in proportion to the estimated benefits to be received by each such lot or parcel from the improvements.”

The formula used for calculating assessments in the District therefore reflects the composition of the parcels, and the improvements and services provided, to fairly apportion the costs based on estimated benefit to each parcel. In addition, pursuant to Article XIIID Section 4:

“No assessment shall be imposed on any parcel which exceeds the reasonable cost of the proportional special benefit conferred on that parcel.

Only special benefits are assessable, and an agency shall separate the general benefits from the special benefits conferred on a parcel.”

Benefit Analysis

Each of the improvements have been carefully reviewed by the City and the corresponding assessments have been proportionately spread to each parcel based on special benefits received from the improvements as determined at the time the District was established.

General Benefits – In reviewing each of the District improvements, the proximity of those improvements to both properties within the District and those outside the District, as well as the reasons for installing and constructing such improvements, it is evident that the improvements are solely the result of developing properties within the District and the ongoing maintenance and operation of these improvement s will directly affect the properties wit hin the District. Although the improvements include public a reas, easements, rights-of-way, and other amenities available or visible to the public at large, the construction and installation of these improvements were only necessary for the development of properties within the District and were not required, nor necessarily desired by any properties or developments outside the District boundary and any public access or use of the improvements by others is incidental. Therefore, it has been 649
CITY OF DUBLIN FISCAL YEAR 2025-26
LANDSCAPE AND LIGHTING DISTRICT No. 1997-1 METHOD OF APPORTIONMENT 13 determined that the improvements a nd the ongoing maintenance, servicing and operation of those improvements provide no measurable general benefit to properties outside the District or to the public at large, but clearly provide distinct and special benefits to properties within the District.

Special Benefits – The method of apportionment (method of assessment) established herein is based on the premise that each assessed parcel within the District receives special benefits from the improvements and the desirability of those properties enhanced by the presence of well–maintained landscaping in close proximity to those properties.

The special benefits associated with landscape improvements are specifically:

1) Enhanced desirability of properties through association with the improvements.

2) Improved aesthetic appeal of properties providing a positive representation of the area and properties.

3) Enhanced adaptation of the urban environment within the natural environment from adequate green space and landscaping.

4) Environmental enhancement through improved erosion resistance, dust and debris control, and fire prevention.

5) Increased sense of pride in ownershi p of property within t he District resulting from well-maintained improvements associated with the properties.

6) Enhanced qua lity of life th rough well -maintained gr een space and landscaped areas.

7) Reduced cr iminal activity and property -related crimes (espe cially vandalism) against properties in the Distr ict th rough well -maintained surroundings an d amenities including abatement of graffiti.

8) Enhanced environmental qual ity of th e parce ls by moderating temperatures, providing oxygenation, and attenuating noise.

The preceding special benefits contribute to the aesthetic value and desirability of each of the assessed parcels within the District and thereby provide a special enhancement of the properties. Furthermore, it has been determined that the lack of funding to properly service and maintain the District improvements w ould have a negative impact on the properties within the District.

Non-Assessable Properties – Within the boundaries of the District, there are several types of properties th at are considered to receive no special benefit from the District improvements and are therefore not assessed. These parcels include:

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LANDSCAPE AND LIGHTING DISTRICT No. 1997-1 METHOD OF APPORTIONMENT 14 1) Publicly owned parcels that are reserved as public open space or are developed as City parks for active recreation and are maintained and serviced by the District; 2) Publicly owned wetland parcels;
3) Certain public utility parcels;
4) Privately owned open space parcels; and
5) Privately owned "sliver" parcels that have resulted from a lot line adjustment with an adjacent larger parcel.

Assessment Methodology

The initial Engineer’s Report provided for a max imum assessment o f $710 per developed acre, based on a total of 389,400 square feet of street improvements and a total of 957,000 square feet of creek improvements and 440.08 acres of developed property anticipated at the time of formation for build-out of all property within the District.

The cost of the improvements was divided equally among the total number of developed properties within the boundaries of the District on a per acre basis.

“Developed acres” shall include property having a recorded final map or parcel map as of July 1st of each year.

The following formulas are used to calculate each property’s assessment:

1. Cost of maintenance of installed improvements (“M”).

2. Total amount of developed acres (“A”).

3. The annual assessment for the developed acres for that year (“M”) shall be spread on a per-acre basis (“M” ÷ “A”) based on the following:
a. Commercial, retail, office, industrial, and all other parcel classifications not referenced herein’ developed area, per acre basis.
b. Single-family residential area, per acre basis.
c. Multi-family residential area, per acre basis.

4. The single- family and multi- family residential area per acre assessment will be further spread on a per lot basis based on the number of lots on the final map, parcel map, or condominium map for each development.

5. If the initial assessment in any year would exceed $710 per acre, the amount in excess of $710 shall be assessed to the remaining undeveloped acres on a per acre basis, subject to the maximum developed acre amount.

6. The maximum developed acre assessment of $710 per year will be increased annually by the percentage increase in the San Francisco- Oakland-San Jose Area Consumer Price Index for “All Urban Consumers and Clerical Workers” (applies to all costs except water and electricity), plus any budgeted increase in the cost for water and electricity.

7. If the square footage cost of the improvements will be less than the amount set forth herein (after adjustment), the assessment shall be reduced proportionately to reflect the reduced cost of improvements in that year.

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LANDSCAPE AND LIGHTING DISTRICT No. 1997-1 METHOD OF APPORTIONMENT 15 Rate Classifications

Single and Multi-family residential subdivisions wit hin the Distr ict will be assigned a rate on a per lot basis. To determine the assessment per lot, the number of a cres within the subdivision will be divided by the number of lots within the subdivision.

Commercial (including retail, office, and industrial uses, as well as apartment properties) are assessed based on the per acre figure of $930.96 multiplied by the number of acres per individual lot for Fiscal Year 2025-26.

Maximum Assessment Rate

It is recognized that the cost of maintaining the District improvements increases slightly every year because of inflation. At the time the District was formed, the property owners approved a formula for increasing assessments for each future fiscal year to offset increases in costs due to inflation.

The maximum assessment amount for each development/property type shal l be increased each fiscal year i n an amount equal to the annual percentage increase of the local San Francisco-Oakland-San Jose Area Consumer Price Index (“Ind ex”) for “All Urban Wage Earners and Clerical Workers” which is ap plied to all costs except utilities (water and electricity), p lus the a ctual percentage increase in utility costs (collectively, “Annual Escalation Factor”).

In order to implement the District’s Annual Escalation Factor annually, two rates were developed based on the cost estimate that was prepared at the time the property owners approved the annual escalator. The first rate (the “CPI Rate”) was created to encompass the annual District cost increases except for utilities. The second rate (the “Utility Rate”) was created to encompass the annual utility cost increases.

The Index is to be applied annually to the prior year’s maximum CPI Rate for each development/property type to pay for all costs except utilities. The maximum Utility Rate was established to pay for all utility costs for each development/property type and is to be increased annually by the percentage change in the budgeted amount for utilities as shown in the annual District’s fiscal year Engineer’s Reports . The increase in utility costs shall be calculated by taking the upcoming fiscal year’s budgeted amount for utilities and subtracting the District’s previous highest yearly budgeted amount for utilities. This difference is used to calculate the annual increase in the Utility Rate for each development/property type. The combination of the maximum CPI Rate and maximum Utility Rate (collectively, “Maximum Assessment Rate”) shall equal the Maximum Assessment Rate for the upcoming fiscal year. Please see Table 3 for details regarding the Maximum Assessment Rate for Fiscal Year 2025-26.

The timing of the annual percentage increase of the Index was changed beginning in 2018 and for each year thereafter for administrative purposes, to ensure the City is allowed the time necessary to have all annual documents prepared and approved by the 652
CITY OF DUBLIN FISCAL YEAR 2025-26
LANDSCAPE AND LIGHTING DISTRICT No. 1997-1 METHOD OF APPORTIONMENT 16 City Council by June of each year, and to meet both County submittal and statutory requirements. Each fiscal yea r starting in 2018, the C ity sha ll id entify t he an nual percentage difference in the Index between the most recent calendar year and that of the prior calendar year; more specifically, the annual percentage change used to escalate the prior year’s assessment rates for Fiscal Year 202 5-26 was determined based on the difference using the annual amount for calendar years 20 24 and 2023 . Should the Bureau of Labor Statistics revise such Index or discontinue the preparation of such Index, the City shall use the revised index or comparable index as approved by the City Council for determining fluctuations in the cost of living. The following table shows the Maximum Assessment Rates allowable for Fiscal Year 2025-26.

CPI for 2023 Calendar Year1 334.662
CPI for 2024 Calendar Year1 343.886
% Change in CPI - Increase 2.76%
Fiscal Year 2024/25 Maximum Rate per Acre - CPI Rate $1,438.45 Fiscal Year 2025/26 Maximum Rate per Acre - CPI Rate $1,478.10 Prior Year Maximum Utility Budget2 $122,616
Utility Budget for FY 2025/26 $106,087
% Change in Utilities Rate - Increase3 0.000%
Fiscal Year 2024/25 Maximum Rate per Acre - Utility Rate $293.46 Fiscal Year 2025/26 Maximum Rate per Acre - Utility Rate $293.46 Fiscal Year 2024/25 Maximum Assessment Rate per Acre $1,731.91 Fiscal Year 2025/26 Maximum Assessment Rate per Acre4 $1,771.56 1 CPI is based off of the All Urban Wage Earners and Clerical Workers. 2 The Fiscal Year 2023/24 Budget Amount for Utilities was the previous highest amount budgeted for utility costs.
3 Equals the % difference between the Prior Year Utility Budget and the Current Year Utility Budget. If the Utility Budget does not increase, no increase will be realized.
4 Equals the Fiscal Year 2025/26 Maximum CPI Rate + Maximum Utility Rate.

TABLE 3: MAXIMUM ASSESSMENT RATE
Landscape and Lighting District No. 1997-1
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LANDSCAPE AND LIGHTING DISTRICT No. 1997-1 METHOD OF APPORTIONMENT 17 If the City Council determines that an inflation adjustment is not required for a given fiscal year, the City Council may authorize the ensuing fiscal year’s assessment without applying the adjustment formula to the amount levied. If the cost estimate and assessments for the District require an increase greater than the adjustment set forth in the formula, then the proposed increase would be subject to approval by the District property owners. Each fiscal year, the maximum assessment rate shall increase at the maximum am ount allowable regardless of whether the increase is levied to the parcels within the District.

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LANDSCAPE AND LIGHTING DISTRICT No. 1997-1 ASSESSMENT ROLL

18 PART E

ASSESSMENT ROLL

The proposed assessment and the amount of the assessment apportioned to each lot or parcel, as shown on the latest roll at the Assessor’s Office, are on file under separate cover with the City Clerk. Furthermore, the description of each lot or parcel is part of the records of the Assessor of the County of Alameda and those records are, by reference, part of this report. The assessments shown will be submitted to the County Auditor/Controller and included on the property tax roll for each parcel shown in the assessment roll for Fiscal Year 2025-26.

Parcel identification, the lines and dimensions of each lot, parcel, and subdivision of land within the District, are inclusive of the parcels as shown on the Alameda County Assessor's Parcel Maps as they existed at the time of the passage of the Resolution of Intention, and shall include subsequent subdivisions, lot line adjustments or parcel changes therein. Reference is hereby made to the Alameda County Assessor’s maps for a detailed description of the lines and dimensions of each lot and parcel of land within the District.

655
Street Lighting
District No. 1999-1
Fiscal Year 2025-26
Final Engineer’s Report
May 20, 2025
Attachment 6
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CITY OF DUBLIN FISCAL YEAR 2025-26
STREET LIGHTING DISTRICT No. 1999-1 TABLE OF CONTENTS
i

Table of Contents

Page No.

Certificate ......................................................................................... ii Section I - Introduction ..................................................................... 1 Section II – Engineer’s Report ......................................................... 3 Part A – Plans and Specifications ......................................... 5 Part B – Estimate of Costs .................................................... 7 Part C – Assessment District Diagram ................................ 10 Part D – Method of Apportionment of Assessments ............ 12 Part E - Assessment Roll .................................................... 17

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STREET LIGHTING DISTRICT No. 1999-1 CERTIFICATE
ii

ENGINEER'S REPORT

CITY OF DUBLIN
STREET LIGHTING MAINTENANCE DISTRICT NO. 1999-1
FISCAL YEAR 2025-26

The undersigned, acting on behalf of Francisco & Associates respectfully submits the enclosed Engineer's Report as directed by the Dublin City Council pursuant to the provisions of Article XIIID, Section 4 of the California Constitution, provisions of the Landscaping and Lighting Act of 1972 and Section 22500 et al of the California Streets and Highways Code.

The undersigned certifies that he is a Professional Engineer, registered in the State of California.

Dated: May 5, 2025 By:

Eduardo Espinoza, P.E.

RCE # 83709

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STREET LIGHTING DISTRICT No. 1999-1 INTRODUCTION
1 SECTION I

INTRODUCTION

The City of Dublin (“City”) levies and collects special assessments on parcels within the City of Dublin Street Lighting Maintenance District No. 1999-1 (“District”) to maintain the public street lighting improvements within the District.

The assessments and method of apportionment described in this Report utilize commonly accepted assessment engineering practices and have been calculated and proportionately spread to each parcel based on the special benefits received as approved by the City Council at the time the District was formed.

General Description of the District

The District was initially formed in 1999 to provide a dedicated source of funding for the ongoing maint enance of public street lighting improvements w ithin the boundaries of the Dublin Ranch development ( excluding the golf course). Tract 7067, which is the Clifden Parc development off Mountain Rise Place in the western hills of the City was annexed to the District in 2000, and Dublin Ranch Areas A and G were annexed in 2001. The remaining portions of Dublin Ranch, including areas B, C, F and H were annexed to the District in December 2005. Fallon Village (Tract 7586) was annexed to the District in 2007, and Jordan Ranch (Tract 8024, 8073 & 8074) was annexed to the District in 2011. Tract 8102, which is the Tassajara Hills Phase 1 development was annexed to the District in 2017. Tract 8563, which is the Francis Ranch development , was annexed to the District in 2023. One reason for the formation o f the District was that a special decor ative lighting fixture was d esigned and installed throughout the a rea to create a c ommunity el ement as p art of the development. A Diag ram showing the exterior b oundaries of the Distri ct is pr ovided within this Report.

A reduced copy of the Assessment Diagram showing the exterior boundaries of the District is provided in Part C of this Report.

Compliance with the California Constitution

Assessments are levied annually within the District pursuant to the Landscape and Lighting Act of 1972, Part 2 of Division 15 of the California Streets and Highways Code (“1972 Act”).

All assessments described in this Report and approved by the City Council are prepared in accordance with the 1972 Act and are in compliance with the provisions of the California Constitution Article XIIID (“Article XIIID”), which was enacted with the passage of Proposition 218 in November 1996.

The formation of this District was initiated by petition from the developer, and the City has determined it is compliant with the substantive and procedural requirements of Proposition 218 and the 1972 Act. At the time the District was formed, the property owners agreed to the inclusion of a formula for increasing assessments for each fiscal year to offset increases due to inflation as described in the assessment methodology. 659
CITY OF DUBLIN FISCAL YEAR 2025-26
STREET LIGHTING DISTRICT No. 1999-1 INTRODUCTION
2 Any future increase in the assessment rate in excess of the maximum allowable rate or substantial changes in the services provided would require the approval of the property owners subject to the assessment based upon a mailed ballot which would be sent to each property owner.

Summary of District

A summary of the assessments to be levied in Fiscal Year 2025-26 for each property type is shown in the table below.

Property Type EDU Factor
Single Family Residential (SFR) 1.00 per Parcel $47.80 per Parcel Commercial 5.50 per Acre $262.91 per Acre
Exempt, Cemeteries, Common Open Space 0.00 per Parcel $0. 00 per Parcel TABLE 1: SUMMARY OF PROPOSED ASSESSMENTS
Street Lighting District No. 1999-1
Assessment Rate
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CITY OF DUBLIN FISCAL YEAR 2025-26
STREET LIGHTING DISTRICT No. 1999-1 ENGINEER’S REPORT
3 SECTION II

ENGINEER'S REPORT PREPARED PURSUANT TO THE PROVISIONS OF LANDSCAPING AND LIGHTING ACT OF 1972 SECTION 22500 THROUGH 22679 OF THE CALIFORNIA

STREETS AND HIGHWAYS CODE

CITY OF DUBLIN

STREET LIGHTING MAINTENANCE DISTRICT NO. 1999-1
FISCAL YEAR 2025-26

Pursuant to the Landscaping and Lighting Act of 1972 (Part 2 Division 15 of the Streets and Highways Code of the State of California, commencing with Section 22500), and in accordance with the Resolution of Intention, adopted by the City Council of the City of Dublin on April 15, 202 5, I, Eduardo Espinoza, the duly appointed Engineer of Work, Assessment Engineer for the City of Dublin Street Lighting Maintenance District No. 1999-1 (the “District”) submit the following Report, consisting of Section I (Introduction), and this Section II (Engineer’s Report), which consists of five (5) parts as follows:

PART A: PLANS AND SPECIFICATIONS

This part describes the improvements maintained by the District. Plans and specifications for the improvements are on file in the Office of the Director of Public Works of the City of Dublin and are incorporated herein by reference.

PART B: ESTIMATE OF COST

This part contains an estimate of the cost of the proposed improvements to be maintained for Fiscal Year 2025-26, including incidental costs and expenses in connection therewith.

The estimate is attached hereto and is on file in the Office of the Director of Public Works of the City of Dublin.

PART C: ASSESSMENT DISTRICT DIAGRAM

This part incorporates a Diagram of the District showing the exterior boundaries of the District, the boundaries of any zones within the District and the lines and dimensions of each lot or parcel of land within the District. This Diagram has been prepared by the Engineer of Work and is on file in the Office of the Director of Public Works of the City of Dublin.

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STREET LIGHTING DISTRICT No. 1999-1 ENGINEER’S REPORT
4 The lines and dimensions of each lot or parcel within the District are those lines and dimensions shown on the maps of the Alameda County Assessor for the year when this Report was prepared. The Assessor’s maps and records are incorporated by reference herein and made a part of this Report.

PART D: METHOD OF APPORTIONMENT OF ASSESSMENTS

This part describes the method of apportionment of assessments, based upon each parcel’s land use classification within the District in proportion to the estimated special benefits to be received.

PART E: ASSESSMENT ROLL

This part contains an assessment of the estimated cost of the improvements to be apportioned to each benefited parcel of land within the District. The Assessment Roll is filed in the Office of the City Clerk of the City of Dublin and is incorporated in this Report.

The list is keyed to the records of the Alameda County Assessor, which are incorporated herein by reference.

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STREET LIGHTING DISTRICT No. 1999-1 PLANS AND SPECIFICATIONS 5 PART A

PLANS AND SPECIFICATIONS

The District provides for the continued installation, maintenance, and servicing of street lighting improvements within the public rights-of-way and within public easements within private streets which provide special benefit to parcels and properties within the District.

For the first several years after the formation of the District, this District did not incur a significant maint enance cost; however, as the streetlights age, the number of repairs are increasing. In addition, a portion of the funds collected from the annual assessments of the District are being set aside for future capital improvement project costs in a separate improvement fund referred to as a Capital Improvement Fund (CIF). The CIF was established for proposed improvements and expenditures that are greater than can be conveniently
raised from a single annual assessment. Anticipated projects include LED conversions and pole painting. These funds are not considered part of the regular maintenance of the improvements or a part of the Operating Reserve Fund.

In Fiscal Year 2012-13, 321 streetlights in the District were retrofitted with new light emitting diode (LED) fixtures. The total construction cost for these improvements was $283,800. As part of this retrofit, the district received a one–time rebate amount of $39,950 from Pacific Gas & Electric (PG&E).

As generally defined in the 1972 Act, maintenance and servicing of the street lighting improvements may include one or any combination of the following:

1) The installation or construction of public lighting facilities, including, but not limited to streetlights and traffic signals.
2) The installation or construction of any facilities which are appurtenant to any of the foregoing or which are necessary or convenient for the maintenance or servicing thereof; including but not limit ed to, grading, removal of debris, the installation or construction of curbs, gutters, walls, sidewalks, paving, or water, irrigation, drainage, or electrical facilities.
3) The maintenance or servicing, or both, of any of the foregoing including the furnishing of services and materials for the ordinary and usual maintenance, operation, and servicing of any improvement, including, but not limited to:
a) Repair, removal, or replacement of all or any part of any improvements; b) Grading, clearing, removal of debris, the installation, repair or construction of curbs, gutters, walls, sidewalks, paving, or water, irrigation, drainage, or electrical facilities;
c) The cleaning, sandblasting, and painting of walls and other improvements to remove or cover graffiti; and
d) Electric current or energy, gas, or other agent for the lighting or operation of any other improvements.
4) Incidental expenses associated with the improvements including, but not limited to:
a) The cost of preparation of the report, including plans, specifications, estimates, diagram, and assessment;
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STREET LIGHTING DISTRICT No. 1999-1 PLANS AND SPECIFICATIONS 6 b) The costs of printing, advertising, and the publishing, posting, and mailing of notices;
c) Compensation payable to the County for collection of assessments; d) Compensation of any engineer or attorney employed to render services; e) Any other expenses incidental to the construction, installation, or maintenance and servicing of the improvements; and
f) Costs associated with any elections held for the approval of a new or increased assessment.

Pursuant to the 1972 Act:

"Maintain" or "maintenance" means the furnishing of services and materials for the ordinary and usual maintenance, operation, and servicing of any improvement, including repair, removal, or replacement of all or any part of any improvement.

"Service" or "servicing" means the furnishing of electric current or energy, gas, or other illumina ting agent for any public lighting facilities or for the lighting or operation of any other improvements.

Drawings showing the specific locations of the improvements are on file in the City’s Public Works Department and are made a part of this report by reference.

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STREET LIGHTING DISTRICT No. 1999-1 ESTIMATE OF COSTS
7 PART B

ESTIMATE OF COSTS

All public streetlights and other eligible improvements within the District are maintained and serviced on a regular basis. The proposed cost estimate for the District is shown on a following page herein. This includes an estimate of the costs of utilities, operations, services, administration, and maintenance associated with the improvements, including all labor, personnel, equipment, materials, and administrative expenses. The summary also shows the estimated fund bal ance, and the projected reserve collection increase/(decrease) based upon the estimated expenditures and assessment revenue.

Projected cost estimates are also shown for the next two (2) fiscal years.

The following describes the general services and costs shown in the cost estimate.

District Costs

Operating Supplies – The cost of supplies for ongoing maintenance and servicing of the street lighting improvements including street light repair parts and the labor associated with performing the repair work. In addition, a portion of this cost is set aside as a contingency amount for both large scheduled and unscheduled, but necessary repairs.

Contract with Alameda County – The cost of street light maintenance provided by the County of Alameda based on the current fiscal year contract.

California Street Light Association – The cost of Street Light Association dues based on relative number of lights within the District.

Utilities Electricity – The cost of streetlight electrical energy use, including miscellaneous utility charges.

Miscellaneous Expenses – Costs that cannot easily be categorized into any of the other District Costs defined above.

Legal Notices – The cost of legal notices includes costs associated with preparation and publishing of any, and all required legal notices associated with the District.

District Administration – The costs of contracting with professionals to provide services specific to the annual levy administration, including preparation of the Engineer’s Report, resolutions, and levy submittal to the County. These fees can also include any additional administrative, legal, or engineering services specific to the District, such as the cost to prepare and mail notices of the public meeting and hearing.

Public Works Administration – The cost of public works administration includes costs derived by the City’s Public Works Department or other department in relation to the administration and management of the District.
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CITY OF DUBLIN FISCAL YEAR 2025-26
STREET LIGHTING DISTRICT No. 1999-1 ESTIMATE OF COSTS
8 County Collection Fee – The cost to the District for the County to collect assessments on the annual secured pr operty ta x bills. A lameda County charges 1. 7% of the total levy amount.

The following table shows the cost estimates for Fiscal Year 2025-26 and 2026-27.

District Revenues
FY 2025-26
Cost Estimate
Projected1
FY 2026-27
Cost Estimate
Estimated Assessment Revenues $426,035 $434,555
Contributions from Other Revenue Sources $7,000 $7,000
Total Revenues: $433,035 $441,555
Estimated Expenditures
Operating Supplies $30,000 $30,000
C
ontract with Alameda County $84,000 $88,200
California Street Light Association $484 $532
Utilities - Electricity $289,800 $304,290
Miscellaneous Expenses $0 $0
Legal Notices $628 $647
District Administration $4,244 $4,371
Public Works Administration $0 $0
County Collection Fee $6,447 $6,640
Total Annual Expenditures: $415,603 $434,680
Fund Balance Information
Beginning Balance - Projected July 1, 2025 $504,592 $522,024 FY 2025-26 Reserve Collection Increase/(Decrease) $17,432 $6,875 Ending Balance - Projected June 30, 2026 $522,024 $528,899 Recommended Operating Reserves $207,802 $217,340
Available Operating Reserves $207,802 $217,340
Available Capital Reserves $314,222 $311,559
1The Maximum Assessment Revenue for Fiscal Year (FY) 2026/27 was estimated to be equal to the FY 2025/26 Maximum Assessment Revenues and escalated by 2%.

Table 2: Cost Estimate Table
Street Lighting District No. 1999-1
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STREET LIGHTING DISTRICT No. 1999-1 ESTIMATE OF COSTS
9 Capital Improvement Projects

In addition to collecting funds annually for maintenance, funds are also allowed to be collected for capital improvement projects. Capital improvement projects generally include the repair and replacement of public improvements authorized to be maintained by the District. These funds are collected and often accumulated in a separate fund and are not considered to be a part of the regular maintenance of the improvements.

Citywide Energy Improvements: The City identified the need to upgrade streetlights to energy-efficient light emitting diode (LED) technology. The LED project is funded and underway, and no further funding from the District is needed.

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STREET LIGHTING DISTRICT No. 1999-1 ASSESSMENT DIAGRAM 10 PART C

ASSESSMENT DISTRICT DIAGRAM

The boundaries of the District are shown herein. The lines and dimensions of each parcel within the District are those lines and dimensions shown on the maps of the Alameda County Assessor for the year in which this Report was prepared and are incorporated by reference herein and made part of this Report.

A reduced copy of the Assessment Diagram is shown on the following page.

668
City of Dublin
Street Lighting District No. 1999-1
Assessment Diagram
¯
0 2,000 4,0001,000
Feet
0 200 400 600100
Feet
Dublin Blvd
Central Pkwy
Fallon Rd
Fallon Rd
Gleason Dr
Poitano Pkwy
Legend
!
! !
!! LLAD 1999-1 Boundary
City Limit
Parcel Lines
Parcels within LLAD 1999-1
Mountain
Galway Ct
Inspiration Cir
Clifden Ct
Rise Pl
Tract 7067 Tract 8102
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STREET LIGHTING DISTRICT No. 1999-1 METHOD OF APPORTIONMENT 12 PART D

METHOD OF APPORTIONMENT OF ASSESSMENTS

General

The 1972 Act permits the establishment of assessment districts by agencies for the purpose of providing certain public improvements which include the construction, maintenance and servicing of public lights, landscaping, and appurtenant facilities. The 1972 Act further requires that the cost of these improvements be levied according to benefit rather than assessed value:

“The net amount to be assessed upon lands within an assessment district may be apporti oned by any formula or method which fairly distributes the net amount among all assessable lots or parcels in proportion to the estimated benefits to be received by each such lot or parcel from the improvements.”

The formula used for calculating assessments in the District therefore reflects the composition of the parcels, and the improvements and services provided, to fairly apportion the costs based on estimated benefit to each parcel. In addition, pursuant to Article XIIID Section 4:

“No assessment shall be imposed on any parcel which exceeds the reasonable cost of the proportional special benefit conferred on that parcel. Only special benefits are assessable, and an agency shall separate the general benefits from the special benefits conferred on a parcel.”

Benefit Analysis

Each of the improvements have been carefully reviewed by the City and the corresponding assessments have been proportionately spread to each parcel based on special benefits received from the improvement s as determined at the time the District was established.

General Benefits – In reviewing each of the District improvements, the proximity of those improvements to both properties within the District and those outside the District, as well as the reasons for installing and constructing such improvements, it is evident that the improvements are solely the result of developing properties within the District and the ongoing maintenance and operation of these improvement s will directly affect the properties within the District. Although the improvements include public areas, easements, rights-of-way, and other amenities available or visible to the public at large, the construction and installation of these improvements were only necessary for the development of properties within the District and were not required, nor necessarily desired by any properties or developments outside the District boundary and any public access or use of the improvements by others is incidental. Therefore, it has been 670
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STREET LIGHTING DISTRICT No. 1999-1 METHOD OF APPORTIONMENT 13 determined that the improvements and the ongoing maintenance, servicing and operation of those improvements provide no measurable general benefit to properties outside the District or to the public at large, but clearly provide distinct and special benefits to properties within the District.

Special Benefits – The method of apportionment (method of assessment) established herein is based on the premise that each assessed parcel within the District receives special benefits from the improvements and the desirability and security of those properties is enhanced by the presence of public lighting in close proximity to those properties.

The special benefits of street lighting and other public lighting f acilities are for the convenience, safety, and security of property, improvements, and goods. Specifically:

1) Enhanced deterrence of crime and to aid police protection. 2) Increased nighttime safety on roads, streets, and public areas. 3) Improved ability of pedestrians and motorists to see. 4) Improved ingress and egress to property.
5) Reduced vandalism and other criminal acts and damage to improvements or property.
6) Improved traffic circulation and reduced nighttime accidents and personal property loss.

The preceding special benefits contribute to the aesthetic value and desirability of each of the assessed parcels within the District and thereby provide a special enhancement of the properties. Furthermore, it has been determined that the lack of funding to properly service and maintain the District improvements w ould have a negative impact on the properties within the District.

All the preceding special benefits contribute to a specific enhancement and desirability of each of the assessed parcels within the District.

Non-Assessable Properties – Within the boundaries of the District, there are several types of properties th at are considered to receive no special benefit from the District improvements and are therefore not assessed. These parcels include:

1) Publicly owned parcels that are reserved as public open space or are developed as City parks for active recreation and are maintained and serviced by the District; 2) Publicly owned wetland parcels;
3) Certain public utility parcels;
4) Privately owned open space parcels; and
5) Privately owned "sliver" parcels that have resulted from a lot line adjustment with an adjacent larger parcel. The adjacent larger parcel, of which these "sliver" parcels are a part, are assessed at the residential rate.

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STREET LIGHTING DISTRICT No. 1999-1 METHOD OF APPORTIONMENT 14 Assessment Methodology

The spe cial b enefits receiv ed by each parcel w ithin the District a nd each parcel’s proportional annual assessment a re calculated on the basis of a formula that utilizes Equivalent Dwelling Units (EDU). T he EDU method of a pportionment est ablishes a proportional b enefit relationship between the various p arcels w ithin the District a nd the improvements m aintained by the District. T he typical single-family residential parcel is assigned 1 .00 EDU since it represented more t han 85% of the total p arcels within the District.

EDUs are assigned to the other land uses based upon the pr operty’s development status, type of developm ent (County of A lameda land use code) and property size as shown in the table below.

Single-Family Residential (SFR) – (County land use 1x, 2x, 7x) This land use identifies properties that are developed for single- family residential use and are assigned a factor of

1.00 EDU per parcel. This is the base value that all other land use types are compared and weighted against ( i.e., EDU). This land use classification may include, but is not limited to , lots or parcels identified as single- family residential homes, condominium, vacant residential land zoned for four units or less, planned development (tract or townhouse type), and modular/manufactured single- family residential unit s. Developed apartments are assigned a factor of 1.00 EDU per dwelling unit. Parcels with a vacant apartment land use are treated like commercial and assessed 5.50 EDU per acre.

Commercial – (County land use 3x, 8x, 9x) This land use identifies properties that are considered improved for commercial use and are assigned a factor of 5.50 EDU per gross acre. This land use classification may include, but is not limited to, lots or parcels identified as car washes, commercial garages, automotive dealerships, parking lots, parking garages, service stations, funeral homes, nursing or boarding homes, hospitals, hotels/motels, banks, medical -dental, single and multi -story office buildings, bowling alleys, theaters, vacant commercial land, department stores, discount stores, restaurants, shopping centers, supermark ets, comme rcial or industrial condominium prior to sale of one unit, a nd miscellaneous comme rcial. In addition, institutional property, such as schools and other types of public property are identified within this category.

Common Open Space – (
County land use 0, 03-05, 65) This land use identifies properties that a re exempt fr om assessment a nd a re assigned 0.00 ED U. This land use classification may include, but is not limited to, lots or parcels identified as exempt public agencies, property leased or owned by public u tilities, cem eteries, a nd planned development common areas.

Property Type EDU Factor
Single Family Residential (SFR) 1.00 per Parcel
Commercial 5.50 per Acre
Exempt, Cemeteries, Common Open Space 0.00 per Parcel
TABLE 3: ASSESSMENT METHODOLOGY
Street Lighting District No. 1999-1
672
CITY OF DUBLIN FISCAL YEAR 2025-26
STREET LIGHTING DISTRICT No. 1999-1 METHOD OF APPORTIONMENT 15 The following formulas are used to calculate each property’s assessment:

Total Balance to Levy / Total EDUs = Levy per EDU (Rate)

Parcel EDU x Levy per EDU = Parcel Levy Amount

Maximum Assessment Rate

It is recognized that the cost of maintaining the District improvements increases slightly every year because of inflation. At the time the District was formed, the property owners approved a formula for increasing assessments for each future fiscal year to offset increases in costs due to inflation.

The maximum assessment amount for each property type shal l be increased each fiscal year in an amount equal to the annual percentage increase of the local San Francisco- Oakland-San Jose Area Consumer Price Index (“Index”) for “All Urban Wage Earners and Clerical Workers” which is ap plied to all costs except utilities (water and electricity), pl us the actual percentage increase in utility costs (collectively, “Annual Escalation Factor”).

In order to implement the District’s Annual Escalation Factor annually, two rates were developed based on the cost estimate that was prepared at the time the property owners approved the annual escalator. The first rate (the “CPI Rate”) was created to encompass the annual District cost increases except for utilities. The second rate (the “Utility Rate”) was created to encompass the annual utility cost increases.

The Index is to be applied annually to the prior year’s maximum CPI Rate for each property type to pay for all costs except utilities. The maximum Utility Rate was established to pay for all utility costs for each property type and is to be increased annually by the percentage change in the budgeted amount for utilities as shown in the annual District’s fiscal year Engineer’s Reports . The increase in utility costs shall be calculated by taking the upcoming fiscal year’s budgeted amount for utilities and subtracting the District’s previous highest yearly budgeted amount for utilities. This difference is used to calculate the annual increase in the Utility Rate for each property type. The combination of the maximum CPI Rate and maximum Utility Rate (collectively, “Maximum Assessment Rate”) shall equal the Maximum Assessment Rate for the upcoming fiscal year. Please see Table 3 for details regarding the Maximum Assessment Rate for Fiscal Year 2025-26.

The timing of the annual percentage increase of the Index was changed beginning in 2018 and for each year thereafter for administrative purposes, to ensure the City is allowed the time necessary to have all annual documents prepared and approved by the City Council by June of each year, and to meet both County submittal and statutory requirements. Each fiscal year starting in 2018, the City shall identify th e annual percentage difference in the Index between the most recent calendar year and that of the prior calendar year; more specifically, the annual percentage change used to escalate the prior year’s assessment rates for Fiscal Year 202 5-26 was determined based on the difference using the annual amount for calendar years 202 4 and 202 3. Should the 673
CITY OF DUBLIN FISCAL YEAR 2025-26
STREET LIGHTING DISTRICT No. 1999-1 METHOD OF APPORTIONMENT 16 Bureau of Labor Statistics revise such Index or discontinue the preparation of such Index, the City shall use the revised index or comparable index as approved by the City Council for determining fluctuations in the cost of living. The following table shows the Maximum Assessment Rates allowable for Fiscal Year 2025-26.

If the City Council determines that an inflation adjustment is not required for a given fiscal year, the City Council may authorize the ensuing fiscal year’s assessment without applying the adjustment formula to the amount levied. If the cost estimate and assessments for the District require an increase greater than the adjustment set forth in the formula, then the proposed increase would be subject to approval by the District property owners. Each fiscal year, the maximum assessment rate shall increase at the maximum amount allowable regardless of whether the increase is levied to the parcels within the District.

CPI for 2023 Calendar Year1 334.662
CPI for 2024 Calendar Year1 343.886
% Change in CPI - Increase 2.76%
Fiscal Year 2024/25 Maximum Rate per EDU - CPI Rate $45.36 Fiscal Year 2025/26 Maximum Rate per EDU - CPI Rate $46.61 Prior Year Maximum Utility Budget2 $276,000
Utility Budget for FY 2025/26 $289,800
% Change in Utility Rate - Increase3 5.000%
Fiscal Year 2024/25 Maximum Rate per EDU - Utility Rate $34.36 Fiscal Year 2025/26 Maximum Rate per EDU - Utility Rate $36.07 Fiscal Year 2024/25 Maximum Assessment Rate per EDU $79.71 Fiscal Year 2025/26 Maximum Assessment Rate per EDU4 $82.68 1 CPI is based off of the All Urban Wage Earners and Clerical Workers. 2 The Fiscal Year 2024/25 Budget Amount for Utilities was the previous highest amount budgeted for utility costs.
3 Equals the % difference between the Fiscal Year 2024/25 and FY 2025/26 Maximum Utility Rate. If the Utility Budget does not increase, no increase will be realized.
4 Equals the Fiscal Year 2025/26 Maximum CPI Rate + Maximum Utility Rate.

TABLE 4: MAXIMUM ASSESSMENT RATE
Street Lighting District No. 1999-1
674
CITY OF DUBLIN FISCAL YEAR 2025-26
STREET LIGHTING DISTRICT No. 1999-1 ASSESSMENT ROLL
17 PART E

ASSESSMENT ROLL

The proposed assessment and the amount of the assessment apportioned to each lot or parcel, as shown on the latest roll at the Assessor’s Office, are on file under separate cover with the City Clerk. Furthermore, the description of each lot or parcel is part of the records of the Assessor of the County of Alameda and those records are, by reference, made part of this report. The assessments shown will be submitted to the County Auditor/Controller and included on the property tax roll for each parcel shown in the assessment roll for Fiscal Year 2025-26.

Parcel identification, the lines and dimensions of each lot, parcel, and subdivision of land within the District, are inclusive of the parcels as shown on the Alameda County Assessor's Parcel Maps as they existed at the time of the passage of the Resolution of Intention, and shall include subsequent subdivisions, lot line adjustments or parcel changes therein. Reference is hereby made to the Alameda County Assessor’s maps for a detailed description of the lines and dimensions of each lot and parcel of land within the District.

675
Assessment Districts
Public Hearing
May 20, 2025
676
Background
Jan 14, 2025
Preparation of
Annual Engineer’s
Reports
April 15, 2025
Preliminary
Engineer’s Report
and Public Hearing
date set
May 6, 2025
Public Notice
posted at City Hall
May 7, 2025
Postcards sent to
property owners
in 1983-2, 1986-1,
and 1997-1.

May 8, 2025
Public Notice and
Engineer’s Report
posted on website
May 9, 2025
Public Notice
published in The
East Bay Times
May 20, 2025
Public Hearing
677
Street Lighting Maintenance District No. 1983-1
Funds maintenance and servicing costs for public
streetlights.

Maximum assessments are capped since FY07-08:
• Rates are between $9.67 to $116.04 per Property Type
Projected Revenue = $327,670
Estimated Expenditures = ($439,545)
Reserve Balance
• Reduced to $450,946
No built-in cost escalator
• Reserves will run out of funds by FY28-29
• City may need to subsidize funds in FY29-30
678
Landscape and Lighting District No. 1983-2
Maintains Tract 4719 roadway landscaping adjacent to
Stagecoach Road.

Maximum assessments increased by 1.95%:
• $531.10 per Parcel for Single Family Residences
• $89.81 per Unit for a Multi Family Residences
Projected Revenue = $136,324
Estimated Expenditures = ($100,623)
Reserve Balance
• Increased to $371,008
679
Landscape and Lighting District No. 1986-1
Maintains landscaping, fences, and sound walls west of
Dougherty Road and north of Amador Valley Boulevard.

Maximum assessments increased by 1.64%:
• $320 per Single Family Residential Parcel
• $160 per Multi Family Residential Unit
• $1,280 per Commercial Parcel
Projected Revenue = $218,480
Estimated Expenditures = ($113,180)
Reserve Balance
• Increased to $627,148
680
Landscape and Lighting District No. 1997-1
Funds street side landscape and utility costs for the
Santa Rita development area.

Maximum assessment increased by 2.28%:
• Rates are between $56.96 to $221.19 per Property Type • $924.54 per acre for retail, office, and industrial parcels Projected Revenue = $415,393
Estimated Expenditures = ($727,179)
• Includes $350,000 for Beautification along Central
Parkway’s north and south planter strips
Reserve Balance
• Decreased to $909,517
681
Street Lighting District No. 1999-1
Funds maintenance of public street lighting improvements, including decorative light fixtures, in Dublin Ranch, Fallon Village, Jordan Ranch, and Clifden Park developments.

Proposed assessments will increase by 15%:
• $47.80 per Single Family Residential parcel
• $262.91 per commercial acre
Projected Revenue = $433,035
Estimated Expenses = ($415,603)
Reserve Balance
• Increased to $522,024
682
District and Assessment Summary
683
Expenditure Budget Summary
Expenditures 1983-1
(Citywide)
1983-2
(Stagecoach)
1986-1
(Willow Creek)
1997-1
(Santa Rita)
1999-1
(Dublin Ranch)
Electricity $308,879 $2,077 $2,625 $1,087 $289,800
Water N/A $23,100 $52,500 $105,000 N/A
Maintenance Contracts $95,000 $69,165 $50,586 $591,489 $84,000 Supplies $20,000 N/A N/A N/A $30,000
Administrative $15,666 $6,281 $7,469 $29,603 $11,803
T otals: $439,545 $100,623 $113,180 $727,179 $415,603
684
District No. 1983-1 and Prop 218
Prop 218 Process:

Establish the budget and revenue needed to provide the improvements and services.

Perform a comprehensive benefit analysis
• Determine the proposed assessment rates
• Present the findings to City Council for approval
Prepare the required Engineer’s Report
• Present to City Council for preliminary approval
• T o authorize the mailing of notices and ballots to property owners Mail notices and ballots to property owners
• Minimum of 45 days prior to public hearing.

Hold public hearing, tabulate returned ballots, and determine if a majority protest exists. • If there is no majority protest, City Council can approve the proposed assessments 685
Next Steps
Open the Public Hearing for all five Assessment Districts, take testimony, close the Public Hearing, and Deliberate
August 2025
• Assessment rolls are filed with Alameda County Auditor/Controller Jan/Feb 2026
• Council directs preparation of FY 2026-27 Engineer’s Report April/May 2026
• Council considers Preliminary Engineer's Report and sets Public Hearing May/June 2026
• Council conducts Public Hearing, approves Engineer’s Report, and orders the levy of assessments. 686
Recommendation
Adopt the Resolution for all five Districts:
– Approving the Engineer’s Report
– Confirming Diagram and Assessment
– Ordering the Levy of Assessment
Provide direction to staff regarding initiating the process to increase District 1983-1 assessments.
687

STAFF REPORT

CITY COUNCIL