Glendale City Council
March 31, 2026

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(3) The underlying securities are maintained at a market value, as determined on a marked-to- market basis calculated at least weekly, of not less than 104 percent of the amount so invested; (iii) an investment agreement or guaranteed investme nt contract with, or guaranteed by, a financial institution the long-term unsecured obligations of wh ich are rated in the top two Rating Categories by Moody’s and S&P at the time of initial investment; (iv) shares in a common law trust established pursuant to Title 1, Division 7, Chapter 5 of the California Government Code, which trust is approved by the bond insurer or bond insurers then insuring any of the B onds or is rated in one of the two highest Rating Categories of each rating agency then rating the Bonds; (v) money market funds rated in the highest short- term Rating Category of at least one nationally-rec ognized rating agency, including funds for which the Trustee and its affiliates provide investment advisory or other management services; and (vi) the Master Repurchase Agreement, dated as of February 23, 2000 , between the City and Salomon Reinvestment Company Inc. If the City requests the Trustee to i nvest funds in investments permitted under clause “(i)” above, the City shall certify to the Trustee that such investments comply with such clause “(i)”. “Maintenance and Operating Expenses” means the amount require d to pay the reasonable expenses of management, repair and other costs, of the nature of costs which have historically and customarily been accounted for as such, necessary to operate, maintain and preserve the Electric System in good repair and working order, including but not limited to, the cost of supply and transmission of electric energy under long-term contracts or otherwise and th e expenses of conducting the power division of the Department, but excluding depreciation. “Mainten ance and Operating Expenses” shall (i) include all amounts required to be paid by the City under contract with a joint powers agency for purchase of capacity, energy, transmission capability or any other commod ities or services in connection with the foregoing, which contract requires payments by the City to be made under the Indenture of Trust to be treated as Maintenance and Operating Expenses and (ii) exclude during a Fiscal Year any Maintenance and Operating Expenses paid during such Fiscal Year (or expected to be paid during such Fiscal Year, for the purpose of determining compliance with Section 5.04 relating to the additional Bonds covenant of the City) from any fund or account that is not a fund or account established pursuant to the Indenture of Trust and that is not pledged to the payment of Bonds a nd Parity Obligations (which fund or account shall include, but not be limited to, the Stranded Investment Account and a ny fund or account established by Intermountain Power Agency or Southern California Public Power Aut hority to pay “stranded costs”). “Maintenance and Operating Expenses” shall not include any payments from Gross Revenues to the City for payments-in-lieu of taxes and any transfers to the City’s general fund.
“Moody’s” means Moody’s Investors Service, a corporation duly organized and existing under and by virtue of the laws of the State of Delaware , and its successors and assigns, except that if such corporation shall be dissolved or liquidated or sha ll no longer perform the functions of a securities rating agency, then the term “Moody’s” sh all be deemed to refer to any other nationally recognized securities rating agency selected by the City.
“Net Income” means the amount of the Gross Revenu es less the Maintenance and Operating Expenses.
“Opinion of Bond Counsel” means a written opinion of counsel of recognized national standing in the field of law relating to municipal bonds, appoi nted and paid by the City and satisfactory to and approved by the Trustee (who shall be under no liability by reason of such approval). “Outstanding,” when used as of any particular time w ith reference to the Bonds means all the Bonds issued and delivered by the City under the Indenture of Trust except:
(a) Bonds cancelled or surrendered for cancellation;
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(b) Bonds for the payment or redemption of which money or securities in the necessary amount shall have been deposited in trust (whether at or prior to the maturity or Redemption Date of such Bonds); provided that if such Bonds are to be redeemed prior to the maturity thereto, notice of such redemption shall have been given in the proper manner; and (c) Bonds in lieu of, or in substitution for whic h, other Bonds shall have been issued and delivered by the City pursuant to the Indenture of Trust. “Owner” or “Bond Owner” or “Bondowner,” whenever used in the Indenture of Trust with respect to a Bond, means the person in whose name such Bond is registered. “Parity Obligations” means any revenue bonds, revenue notes or other similar evidences of indebtedness heretofore or hereafter issued, or a ny interest rate swap ag reement incurred, for the acquisition, construction and financing or refinancing of additions to, and extensions and improvements of, the Electric System, payable out of the revenues derived therefrom by the Department and which, pursuant to their terms and in accordance with the Indenture of Trust and any Supplemental Indenture of Trust, rank on a parity with the Bonds.
“Parity Reserve Fund” means the City of Glendale Electric System Parity Reserve Fund referred to in Section 4.02 of the Indenture of Trust.
“Rating Category” means (i) with respect to any long-term rating category, all ratings designated by a particular letter or combination of letters, without regard to any numerical modifier, plus or minus sign or other modifier and (ii) with respect to any short- term or commercial paper rating category, all ratings designated by a particular letter or combination of letters and taking into account any numerical modifier, but not any plus or minus sign or other modifier.
“RBI” means the Bond Buyer Revenue Bond Index or comparable index of long-term municipal obligations chosen by the City, and, if no comparable index can be obtained, eighty percent (80%) of the interest rate on actively traded thirty (30) year United States Treasury obligations. “Rebate Fund” means that fund established under the Indenture of Trust. “Record Date” means the close of business on the fi fteenth day of the month immediately preceding an Interest Payment Date or such other date designated as the Record Date pursuant to a Supplemental Indenture.
“Redemption Date” means any date on which Bonds are to be presented for redemption. “Redemption Price” means, with respect to any Bond (o r portion thereof) the Bond Obligation thereof (or portion thereof) plus the applicable premium, if any, payable upon redemption thereof pursuant to the provisions of such Bond and the Indenture of Trust. “Reserve Fund Requirement” means, as of any date of determination and excluding therefrom any Bonds or Parity Obligations for which no reserve fund is to be maintained or for which a separate reserve fund is to be maintained, the least of (a) ten percent (10%) of the issue price of each Series of Bonds and Parity Obligations to be secured by the Parity Reserve Fund as determined under the Code, (b) the maximum Annual Debt Service for the current or any subsequent year on all Bonds and Parity Obligations to be secured by the Parity Reserve Fund, or (c) one hundred twenty-five percent (125%) of the Average Annual Debt Service on all Bonds and Parity Obligations to be secured by the Parity Reserve Fund, all as computed and determined by the City; provided, that with respect to such least amount, up to fifty percent 224 of 280

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(50%) of such least amount may be held in any unres tricted fund or account of the Electric System that is not pledged to secure the payment of the Bonds and a ny Parity Obligations (including, but not limited to, the Stranded Investment Account); provided further, that such requirement (or any portion thereof) may be provided by the City delivering to the Trustee for credit to the Parity Reserve Fund one or more policies of municipal bond insurance or surety bonds issued by a municipal bond insurer if the obligations insured by such insurer have ratings at the time of issuance of such policy or surety bond equal to “Aaa” assigned by Moody’s and “AAA” assigned by Standard & Poor’s (and if such insurance company is rated by A.M. Best & Company, such insurance company is rated in the highest rating category by A.M. Best & Company) or by a letter of credit issued by a bank or other instituti on if the obligations issued by such bank or other institution have ratings at the time of issuance of su ch letter of credit equal to “Aa” or higher assigned by Moody’s or “AA” or higher assigned by Standard & Poor’s. “Series,” whenever used in the Indenture of Trust w ith respect to Bonds, means all of the Bonds designated as being of the same series, authenticated and delivered in a simultaneous transaction, regardless of variations in maturity, interest rate, rede mption and other provisions, and any Bonds thereafter authenticated and delivered upon transfer or exchange or in lieu of or in substitution for (but not to refund) such Bonds as provided in the Indenture of Trust.
“Standard & Poor’s” means Standard & Poor’s, a corporation duly organized and existing under and by virtue of the laws of the State of New York , and its successors and assigns, except that if such corporation shall be dissolved or liquidated or sha ll no longer perform the functions of a securities rating agency, then the term “Standard & Poor’s” shall be deemed to refer to any other nationally recognized securities rating agency selected by the City.
“State” means the State of California.
“Stranded Investment Account” means any or all of the following funds or accounts to the extent any moneys therein are available to pay Maintenance and Operating Expenses, each such fund or account having been opened pursuant to the City’s Resolution No. 03-156, adopted on July 22, 2003: the Operating Reserve; the Reserve for Contingency; the Rate Stabilization Fund; and the Reserve for Capital Improvement. The funds and accounts constituting the Stranded Investment Account are not funds and accounts established by the Indenture of Trust, and mone ys, if any, held therein are not pledged to the payment of principal of or interest on the Bonds.
“Supplemental Indenture of Trust” means any agreement hereafter duly executed and delivered, supplementing, modifying or amending the Indenture of Trust, but only if and to the extent that such Supplemental Indenture of Trust is specifically authorized under the Indenture of Trust. “Tax Certificate” means the Tax Certificate concerning certain matters pertaining to the use and investment of proceeds of a Series of Bonds executed and delivered by the City on the date of initial delivery of such Series of Bonds, including any and all exhibits attached thereto. “Trustee” means The Bank of New York Mellon Trust Company, N.A., acting as successor Trustee under the Indenture of Trust, or its successor, as Trustee as provided in the Indenture of Trust. “Variable Rate Indebtedness” means any indebtedness the interest rate on which is not fixed at the time of incurrence of such indebtedness, and has not at some subsequent date been fixed, at a single numerical rate for the entire remaining term of the indebtedness. 225 of 280

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Pledge of Net Income; Electric Works Revenue Fund
The Bonds shall not constitute an indebtedness of the City, but shall constitute obligations that shall be payable as to both principal and interest, and an y premium upon redemption th ereof prior to maturity, exclusively from the Electric Works Revenue Fund and such other funds as provided in the Indenture of Trust or in any Supplemental Indenture of Trust; provided, however, that this shall not preclude the payment thereof from the proceeds of bonds issued to refund the Bonds, nor preclude the use of any sum received as premium or accrued interest on the sale of the Bonds to pay principal and interest thereof, nor payment from certain other funds or moneys to the extent prov ided in Subdivision 4 of Section 4 of Article XXVI of the Charter.

All Net Income is pledged to secure the payment of the principal of and redemption premium, if any, and interest on the Bonds and any Parity Obliga tions in accordance with their terms, subject only to the provisions of the Indenture of Trust permitting the application thereof for the purposes and on the terms and conditions set forth in the Indenture of Trust. Said pledge shall constitute a first lien on the Net Income and shall be valid and binding from and after delivery by the City of the Bonds or Parity Obligations, as applicable, without any physical delivery thereof or further act. Amounts on deposit in the Rebate Fund shall not be pledged to, or available for, the payment of the Bonds or any Parity Obligations.

Nothing in the Indenture of Trust shall restrict the issuance of additional bonds under Article XXVI of the Charter, subject to the limitations set forth in the Indenture of Trust, payable from the Electric Works Revenue Fund and ranking on a parity with or subordinate to the Bonds.

The general fund of the City is not liable for, and neither the full faith and credit nor the taxing power of the City is pledged to, the payment of the Bonds or Parity Obligations.

Application of Net Income
In order to carry out and effectuate the obligation of the City contained in the Indenture of Trust, the City agrees and covenants that all Gross Revenues received by it shall be deposited when and as received in the Electric Works Revenue Fund pursuant to Section 20 of Article XI of the Charter, and all money on deposit in the Electric Works Revenue Fund shall be applied and used only as provided in the Indenture of Trust and the Charter. The City shall pay all Maintenance and Operating Expenses (including amounts reasonably required to be set aside in contingency reserves for Maintenance and Operating Expenses the payment of which is not then immediately required) from the Electric Works Revenue Fund as they become due and payable, and remaining money on deposit in th e Electric Works Revenue Fund shall be set aside and deposited by the City at the following times in the following order of priority:
(1) Parity Obligation Payment Fund; Deposits. On or before the third Business Day before each date on which interest or principal b ecomes due and payable (whether at maturity or prior redemption or otherwise) on the Bonds or an y Parity Obligation, the City shall, from the money in the Electric Works Revenue Fund, deposit in the City of Glendale Electric System Parity Obligation Payment Fund, which fund is established by the Indenture of Trust pursuant to Section 3 of Article XXVI of the Charter and which fund shall be held by the Trustee separate and apart from other moneys of the City so long as any Bonds or Parity Obligations remain unpaid, a sum equal to the amount of interest and principal beco ming due and payable under all Bonds and Parity Obligations on such due date, except that no such deposit need be made if the Trustee then holds money in the Parity Obligation Payment Fund at least equal to the amount of interest and principal (including mandatory sinking account payments) becoming due and payable on all Bonds or Parity Obligations on the next succeeding date on which interest or principal becomes due and payable on the Bonds or any Parity Obligation. Moneys on deposit in the Parity Obligation Payment Fund 226 of 280

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shall be transferred by the Trustee to make and satisfy the payments due on the next applicable date on which interest or principal (including manda tory sinking account payments) becomes due and payable on the Bonds or any Parity Obligation.
(2) Parity Reserve Fund; Deposits. On or before the third Business Day before each date on which interest or principal becomes due and payable on the Bonds or any Parity Obligation, the City shall, from the remaining money on de posit in the Electric Works Revenue Fund after deposits and transfers pursuant to paragraph (1) a bove, deposit in the Parity Reserve Fund, which fund is established by the Indenture of Trust pursuan t to Section 3 of Article XXVI of the Charter and shall be maintained by the City (and held by the Trustee) so long as any Bonds are Outstanding, that sum, if any, necessary to restore the Parity Reserve Fund, after taking into consideration any moneys on deposit in any unrestricted fund or account of the Electric System as permitted in the definition of “Reserve Fund Requirement,” to an amount equal to the Reserve Fund Requirement. (3) Rebate Fund; Deposits. The City shall, from the remaining money on deposit in the Electric Works Revenue Fund after deposits and transfers pursuant to paragraphs (1) and (2) above, deposit in the Rebate Fund, which fund is to be established pursuant to the Indenture of Trust and shall be maintained by the City, that su m, if any, necessary to fund the Rebate Fund to the amount required by the Indenture of Trust and the applicable Tax Certificate.

After making the deposits and transfers required to be made above, any Gross Revenues remaining in the Electric Works Revenue Fund at the end of a Fiscal Year, except as otherwise provided in a Supplemental Indenture of Trust, shall be held free and clear of the Indenture of Trust by the City, and the City may use and apply such remaining amount for any lawful purpose of the City, including, but not limited to, payment of amounts sufficient to meet normal de preciation of the Electric System (as provided in Section 17 of Article XI of the Charter), the redemption of Bonds or Parity Obligations upon the terms and conditions set forth in the Supplemental Indenture of Tr ust or other instrument authorizing such Bonds or Parity Obligations, the purchase of Bonds or Parity Obligations as and when and at such prices as the City may determine, the payment of any subordinate obligations in accordance with the instruments authorizing such subordinate obligations, and transfers to the City’s general reserve fund of the general fund as provided in Section 22 of Article XI of the Charter; provide d, however, that any such remaining Gross Revenues shall be transferred to the Public Service Surplus F und established pursuant to Section 22 of Article XI of the Charter if and to the extent required by the Charter.

If on the last Business Day before each day on which interest or principal becomes due and payable (whether at maturity or prior redemption or otherwise) on Bonds or any Parity Obligations, the amounts on deposit in the Parity Obligation Payment Fund are insu fficient to make any required payment to be made from the Parity Obligation Payment Fund, the Trustee shall immediately notify the City, by telephone or facsimile transmission, of such deficiency. The City hereby covenants and agrees, to the extent allowed by law, to transfer immediately to the Trustee, from a ny available remaining moneys transferred to the City (pursuant to the preceding paragraph) in its possession, the amount of such deficiency on the Business Day on which such interest or principal is due (whether at maturity or prior redemption or otherwise).

Parity Reserve Fund
The City agrees and covenants to maintain the Parity Reserve Fund in an amount equal to the Reserve Fund Requirement, less any m oneys on deposit in an unrestricte d fund or account of the Electric System as permitted in the definition of “Reserve Fund Requirement,” so long as any Bond or Parity Obligation to be secured by the Parity Reserve Fund remains outstanding under the Indenture of Trust. The Parity Reserve Fund and any amount on deposit therein shall be held by the Trustee. Amounts on deposit in the Parity Reserve Fund are pledged to the payment of the Bonds and any Parity Obligations secured by 227 of 280

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the Parity Reserve Fund (and only those Bonds and Parity Obligations secured by the Parity Reserve Fund) and shall be applied only for such purposes as permitted in the Indenture of Trust. Moneys on deposit in the Parity Reserve Fund shall be transferred by the Tr ustee to the Parity Obligation Payment Fund to pay principal of and interest on the Bonds and Parity Obligations secured by the Parity Reserve Fund in the event amounts on deposit therein are insufficient for such purposes. If and to the extent that the Parity Reserve Fund has been funded with a combination of cash and one or more surety bonds, insurance policies or letters of credit as permitted pursuant to the defi nition of “Reserve Fund Requirement” in the Indenture of Trust, all cash, including moneys on deposit in an y unrestricted fund or account of the Electric System as permitted, and to the extent provided for, in the definition of “Reserve Fund Requirement,” shall be used (including any Investment Securities purchased with such cash, which shall be liquidated and the proceeds thereof applied as required under the Indenture of Tr ust), prior to any drawing under a surety bond, insurance policy or letter of credit, and repayment of any amounts owing to any provider of such surety bond, insurance policy or letter of credit shall be made in accordance with the te rms thereof prior to any replenishment of any such cash amounts. After first applying all such cash and Investment Securities to pay principal of and interest on the Bonds and Parity Obligations secured by the Parity Reserve Fund when required by the Indenture of Trust, the City or the Trus tee, as applicable, shall, on a pro rata basis with respect to the portion of the Parity Reserve Fund held in the form of surety bonds, insurance policies and letters of credit (calculated by reference to the maximum amounts of such surety bonds, insurance policies and letters of credit), draw under each surety bond, insu rance policy or letter of credit issued with respect to the Parity Reserve Fund, in a timely manner and pur suant to the terms of such surety bond, insurance policy or letter of credit to the extent necessary in or der to obtain sufficient funds on or prior to the date such funds are needed to pay the Bonds and Parity Obligations secured by the Parity Reserve Fund when due. Notwithstanding the immediately preceding tw o sentences, if the following of the procedures described in such two sentences would cause one or more Series of Bonds or Parity Obligations secured by the Parity Reserve Fund to benefit other than proportionately with respect to the cash and any surety bonds, insurance policies or letters of credit described in such two sentences, then the Trustee shall instead follow a procedure that will provide proportionate benefits to each Series of Bonds and Parity Obligations secured by the Parity Reserve Fund. All amounts due and owing any provider of any such surety bond, insurance policy or letter of credit shall be paid in accordance therewith prior to any discharge of the Indenture of Trust pursuant to the terms thereof. Amounts on deposit in the Parity Reserve Fund in excess of the Reserve Fund Requirement shall be withdrawn from the Parity Reserve Fund and transferred to the Electric Works Revenue Fund.

Investments of Moneys in Funds and Accounts
All moneys in any of the funds and accounts held by the City or the Trustee and established pursuant to the Indenture of Trust shall be invested solely in Investment Secu rities. Unless otherwise provided in the Indenture of Trust or in a Supplemental Indenture of Trust with respect to any fund or account created pursuant to that Supplemental Indenture of Trust, Investment Securities purchased as an investment of moneys in any fund or account created under the provisions of the Indenture of Trust shall be deemed at all times to be a part of such fund or account and any prof it realized from the liquidation of such investment and any income or interest received on account of su ch investment shall be credited to, and any loss resulting from the liquidation of such investment shall be charged to, such fund or account.

Notwithstanding anything to the contrary contained in th is paragraph, an amount of interest received with respect to any Investment Security equal to the amount of accrued interest, if any, paid as part of the purchase price of such Investment Security shall be credited to the fund or account from which such accrued interest was paid.

In computing the amount in any fund or account created under the provisions of the Indenture of Trust or a Supplemental Indenture of Trust for a ny purpose provided in the Indenture of Trust or a Supplemental Indenture of Trust, Investment Securities purchased as an investment of moneys therein shall 228 of 280

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be valued no less frequently than annually at the am ortized cost of such obligations (including accrued interest), except that Investment Securities purchased as an investment of moneys in the Parity Reserve Fund shall be valued at the market value thereof. Investment Secu rities purchased as an investment of moneys in the Parity Reserve Fund may not have maturities extending beyond five (5) years.

Except as otherwise provided in the Indenture of Tr ust or a Supplemental Indenture of Trust, the City shall sell at the best price obtainable or present for prepayment or transfer as provided in the next sentence any obligation so purchased as an investment whenever it shall be requested in writing by an Authorized City Representative to do so or whenever it shall be necessary in order to provide moneys to meet any payment or transfer from any account held by it. In lieu of such sale or presentment for prepayment, the City may, in making the payment or transfer from any account mentioned in the preceding sentence, transfer such investment obligations or interest appertaining thereto if such investment obligations shall mature or be collectable at or prior to the time the proceeds thereof shall be needed and such transfer of investment obligations may be made in book-entr y form. The City and the Trustee (except for the Trustee’s own gross negligence or willful misconduct) shall not be liable or responsible for making any such investment in the manner provided above or for any loss resulting from any such investment.

Covenants
Pursuant to the Indenture of Trust, the City has covenanted as follows:

Operation of Electric System; Insurance . The City covenants and agrees to operate the Electric System in an efficient and economical manner and to operate, maintain and preserve the Electric System in good repair and working order. Subject in each case to the condition that insurance is obtainable at rates deemed reasonable by the City and upon terms and conditions deemed reasonable by the City, the City shall procure and maintain at all times: (i) insurance on the Electric System against such risks as and in such amounts as the City deems prudent taking into account insurance coverage for similar utilities, and (ii) public liability insurance, including self-insurance, as appropriate, in such amounts as the City deems appropriate.

Electric Works Revenue Fund. All Gross Revenues shall be credited to the Electric Works Revenue Fund. Disbursements shall be made from said Fund for the payment of the Maintenance and Operating Expenses of conducting the Electric System prior to th e payment of principal or interest (including premiums, if any, upon redemption) for any revenue bonds (including the Bonds and the Parity Obligations) issued under Article XXVI of the Charter. After any tr ansfers required to be made in any Fiscal Year for the payment of principal or interest (including prem iums, if any, upon redemption and including transfers to the Parity Reserve Fund) of revenue bonds (including the Bonds and the Parity Obligations) and for the payment of any other amounts payable from the Electric Works Revenue Fund have been made, moneys in said Fund shall be transferred to the City free and clear of the Indenture of Trust.

Rates and Charges. The rates to be charged for services furnished by the Electric System shall be fixed so as to provide Gross Revenues for each Fiscal Y ear at least sufficient to pay, as the same become due, the principal of and interest on the Bonds and the Parity Obligations for such Fiscal Year and all other obligations and indebtedness payable from the Elect ric Works Revenue Fund for such Fiscal Year (including the payment of any amounts owing to any provider of any surety bond, insurance policy or letter of credit with respect to the Bonds or any Parity Obligations, which amounts are payable from the Electric Works Revenue Fund) or from any fund derived ther efrom, and also the Maintenance and Operating Expenses for such Fiscal Year, and shall be so fixed th at the Net Income of the Electric System for each Fiscal Year shall be at least equal to 1.10 times the amount necessary to pay principal and interest (including mandatory sinking account redemption payments) as the same become due, on all Bonds and Parity Obligations for such Fiscal Year.
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The City shall have in effect at all times rules and regulations requiring each consumer or customer located on any premises connected with the Electric System to pay the ra tes and charges applicable to the Electric System provided to such premises and providi ng for the billing thereof and for a due date and a delinquency date for each bill. The City shall not pe rmit any part of the Electric System or any facility thereof to be used or taken advantage of free of charge by any corporation, firm or person, or by any public agency (including the United States of America, th e State of California and any city, county, district, political subdivision, public corporation or agency of any thereof). Nothing in the Indenture of Trust shall prevent the City, in its sole and exclusive discretion, from permitting other parties to sell electricity to retail customers within the service area of the Electric System; provided, however, that permitting such sales shall not relieve the City of its obligations under the Indenture of Trust.

Additional Bonds . Except for bonds issued under Article XXVI of the Charter or otherwise to refund Bonds or Parity Obligations, payable from the Electric Works Revenue Fund, which may be issued at any time without meeting the test set forth below, no additional indebtedness of the City payable out of the Electric Works Revenue Fund on a parity with th e Bonds and any Parity Obligations (collectively referred to in this provision as “parity indebtedness”) shall be created or incurred unless:
(1) the Net Income during any twelve (12) consecutive calendar months out of the immediately preceding eighteen (18) calendar month period, plus, at the option of the City, any or all of the items designated as (a) and (b) below, sh all have amounted to at least one hundred ten percent (110%) of the aggregate of the (i) amount of interest to accrue and (ii) payments of principal required to be made in the Fiscal Year ending thereafter in which such aggregate shall be the greatest on all Bonds and such Parity Obligations to be Outstanding immediately subsequent to the incurring of such additional parity indebtedness, as certified by a Certificate of the City; or (2) the projected Net Income during the first complete Fiscal Year following issuance of such parity indebtedness when the improvement s to the Electric System financed with the proceeds of the parity indebtedness shall be in opera tion, plus, at the option of the City, any or all of the items designated as (a) and (b) below, shall amount to at least one hundred ten percent (110%) of the aggregate of the (i) amount of interest to accrue and (ii) payments of principal required to be made in the Fiscal Year ending thereafter in which such aggregate shall be the greatest on all Bonds and such Parity Obligations to be Outstanding i mmediately subsequent to the incurring of such additional parity indebtedness, as certified by a Certificate of the City.

The items any or all of which may be added to su ch Net Income for the purpose of meeting either of the requirements set forth in paragraphs (1) or (2) above are the following:
(a) An allowance for any increase in Net In come (including, without limitation, a reduction in Maintenance and Operating Expenses) which may arise from any additions to or extensions or improvements of the Electric System to be made or acquired with the proceeds of such additional parity indebtedness or with the proceeds of bonds previously issued, and also for Net Income from any such additions, extensions or improvements which have been made or acquired with moneys from any source but which, during all or any part of such Fiscal Year or such twelve (12) consecutive calendar month period out of the immediately preceding eighteen (18) calendar month period, were not in service, all in an amount equal to the estimated additional average annual Net Income (or estimated average annual reduction in Maintenance and Operating Expenses) to be derived from such additions, extensions or improvements for the first thirty-six (36) month period in which each addition, extension or improvement is to be in operation, all as shown by the Certificate of the City.
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(b) An allowance for earnings arising from a ny increase in the charges made for the use of the Electric System which has become effe ctive prior to the incurring of such additional parity indebtedness but which, dur ing all or any part of such Fi scal Year or such twelve (12) consecutive calendar month period out of the immediately preceding eighteen (18) calendar month period, was not in effect, in an amount equal to the amount by which the Net Income would have been increased if such increase in charges had been in effect during the whole of such Fiscal Year or such twelve (12) consecutive calendar month period out of the immediately preceding eighteen (18) calendar month period, as shown by the Certificate of the City.

Nothing in the Indenture of Trust shall limit the ability of the City to issue or incur obligations that are junior and subordinate in paymen t to the payment of the principal, premium, interest and reserve fund requirements for the Bonds and all Parity Obligations and which subordinate obligations are payable as to principal, premium, interest and reserve fund requirem ents, if any, only out of Net Income after the prior (i) payment of all amounts then due and required to be paid or set aside under the Indenture of Trust from Net Income for principal, premium, if any, inter est and reserve fund requirements for the Bonds and all Parity Obligations, as the same become due and payabl e and at the times and in the manner as required in the Indenture of Trust or any documents providing for the issuance or incurrence of Parity Obligations and (ii) transfer to the Rebate Fund at the times and in the manner as required by the Indenture of Trust.

Against Encumbrances. No bonds shall be issued pursuant to Article XXVI of the Charter, or under any other provisions of the Charter, or under any law of the State of California, having any priority in payment of principal or interest out of the Gross Revenues over the Bonds authorized by the Indenture of Trust to be issued and payable out of said Gross Re venues. The City shall not create any pledge, lien or charge upon any of the Net Income having priority ove r the lien of the Bonds; provided, however, that nothing in the Indenture of Trust shall be construe d to limit the ability of the City to issue or incur obligations secured by charges, not constituting Net Income, collected by any person to amortize or otherwise relating to the payment of the “stranded co sts” of the Electric System or of any joint powers agency in which the City participates which the City has dedicated to the payment of obligations other than the Bonds, the payments of which charges shall be app lied to or pledged to or otherwise set aside for the reduction or retirement of outstanding obligations of the City or any joint powers agency in which the City participates relating to such “stranded costs” of the City or of any such joint powe rs agency to the extent such “stranded costs” are attributable to, or the responsibility of, the City.

The City covenants that in order to fully preserve and protect the priority and security of the Bonds, the City shall pay from the Electric Works Revenue Fund and discharge all lawful claims for labor, materials and supplies furnished for or in connection with the Electric System which, if unpaid, may become a lien or charge upon the revenues prior or superior to the lien of the Bonds and impair the security of the Bonds.

The City shall also pay from the Electric Work s Revenue Fund all taxes and assessments or other governmental charges lawfully levied or assessed upon or in respect of the Electric System or upon any part thereof or upon any of the revenues therefrom.

Sale of Electric System. The Electric System shall not be sold or leased or otherwise disposed of as a whole, or substantially as a whole, unless such sal e, lease or other disposition be so arranged as to provide for a continuance of payments into the Electric Works Revenue Fund sufficient in amount to permit payment therefrom of the principal of and interest on, and premiums, if any, due upon the maturity or redemption of, all Bonds and Parity Obligations (inc luding, if applicable, the imposition of any charges collected by any person to amortize or otherwise relating to the payment of “stranded costs” of the Electric System or of any joint powers agency in which the C ity participates which the City has dedicated to the payment of the Bonds the imposition of which shall amortize the payment in full of such Outstanding Bonds through the maturity thereof) payable out of the El ectric Works Revenue Fund, or to provide for such payments into some other fund charged with such payments. None of the works, plant, properties, facilities 231 of 280

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or other part of the Electric System or any real or personal property comprising a part of the Electric System shall be sold, leased or otherwise disposed of if such sale, lease or disposition would cause the City to be unable to satisfy the requirements of the Indenture of Trust.

Accounting Records. The City shall cause the books and accounts of the power division of the Department to be audited annually by an independent certified public accountant or firm of certified public accountants and shall make available for inspection by th e Owners, at the office of the City Clerk and at the Department of Finance and Administrative Services of the City, a copy of the report of such accountants and shall also furnish a copy thereof upon request to any Owner.

Tax Covenants. The City covenants with the Owners of the Bonds that, notwithstanding any other provisions of the Indenture of Trust, it shall not take any action, or fail to take any action, if any such action or failure to take action would adversely affect the exclusion from gross income of interest on the Bonds under Section 103 of the Code. The City shall not, directly or indirectly, use or permit the use of proceeds of the Bonds or any of the property financed or re financed with proceeds of the Bonds, or any portion thereof, by any person other than a governmental unit (as such term is used in Section 141 of the Code), in such manner or to such extent as would result in the loss of exclusion from gross income for federal income tax purposes of interest on the Bonds.

The City shall not take any action, or fail to take any action, if any such action or failure to take action would cause the Bonds to be “private activity bonds” within the meaning of Section 141 of the Code, and in furtherance thereof, shall not make any use of the proceeds of the Bonds or any of the property financed or refinanced with proceeds of the Bonds, or any portion thereof, or any other funds of the City, that would cause the Bonds to be “private activity bond s” within the meaning of Section 141 of the Code.

To that end, so long as any Bonds are Outstanding, th e City, with respect to su ch proceeds and property and such other funds, shall comply with applicable requirements of the Code and all regulations of the United States Department of the Treasury issued there under, to the extent such requirements are, at the time, applicable and in effect. The City shall fo llow reasonable procedures necessary to ensure continued compliance with Section 141 of the Code and the c ontinued qualification of the Bonds as “governmental bonds.”
The City shall not, directly or indirectly, use or permit the use of any proceeds of any Bonds, or of any property financed or refinanced thereby, or other funds of the City, or take or omit to take any action, that would cause the Bonds to be “arbitrage bonds” within the meaning of Section 148 of the Code. To that end, the City shall comply with all requirements of Section 148 of the Code and all regulations of the United States Department of the Treasury issued thereunder to the extent such requirements are, at the time, in effect and applicable to the Bonds.

The City shall not make any use of the proceeds of the Bonds or any other funds of the City, or take or omit to take any other action, that would cause the Bonds to be “federally guaranteed” within the meaning of Section 149(b) of the Code.

In furtherance of the foregoing tax covenants, the City covenants that with respect to a particular Series of Bonds, it shall comply with any additional tax covenants contained in the Supplemental Indenture of Trust relating to that Series of Bonds and shall comply with the provisions of the Tax Certificates, which Tax Certificates are incorporated in the Indenture of Tr ust as if fully set forth in the Indenture of Trust.

These covenants shall survive payment in full or defeasance of the Bonds.

The City shall establish and maintain, so long as any Bonds remain Outstanding, a fund separate from any other fund established and maintained under th e Indenture of Trust designated as the “City of Glendale Electric Revenue Bonds Rebate Fund.” All amounts at any time on deposit in the Rebate Fund 232 of 280

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shall be held by the City to the extent required to sat isfy the requirement to rebate the amount required to be rebated to the United States pursuant to Section 1 48 of the Code and the ta x regulations promulgated thereunder. Such amounts shall be free and clear of any lien under the Indenture of Trust (and shall not be pledged to, or available for, the payment of the B onds and any Parity Obligatio ns) and shall be governed by the Indenture of Trust and by the Tax Certificates.

Further Assurances. The City shall make, execute and deliver any and all such instruments and assurances as may be reasonably necessary or proper to carry out the intention or to facilitate the performance of the Indenture of Trust and for the be tter assuring and confirming unto the Owners of the Bonds of the rights and benefits provided in the Indenture of Trust.

Continuing Disclosure Agreement. The City shall comply with and carry out all of its obligations under any Continuing Disclosure Agreement executed in connection with a Series of Bonds. Upon the failure of the City to comply with the Continuing Disclosure Agreement relating to any Series of Bonds, the Trustee may (and, at the request of any Partic ipating Underwriter (as defined in the respective Continuing Disclosure Agreement) or the Owners of at least 25% in aggregate Bond Obligation of the related Series of Bonds, shall upon being indemnified to its satisfaction) or any Owner or Beneficial Owner may, take such actions as may be necessary and appropriate, including seeking mandate or specific performance by court order, to cause the City to comp ly with its obligations under this covenant. For purposes of this covenant, “Beneficial Owner” shall have the meaning prescribed thereto in the respective Continuing Disclosure Agreement relating to such Series of Bonds.

Events of Default; Remedies
Events of Default. The following events shall be Events of Default under the Indenture of Trust:
(a) Default by the City in the due and punctual payment of the principal of or premium, if any, on any Bond or Parity Obligation (whether at maturity, by acceleration, call for redemption or otherwise); (b) Default by the City in the due and punctual pa yment of the interest on any Bond or Parity Obligation;
(c) Failure of the City to observe and perform any of its other covenants, conditions or agreements under the Indenture of Trust or in the Bonds for a pe riod of 90 days after written notice from the Owners of 25% in aggregate Bond Obligation of Bonds then Outstanding, specifying such failure and requesting that it be remedied, or in the case of any such defaul t that cannot with due diligence be cured within such 90 day period, failure of the City to proceed promptly to cure the default with due diligence; (d) (1) Failure of the City generally to pay its debts as the same become due, (2) commencement by the City of a voluntary case under the Federal bankrupt cy laws, as now or hereafter constituted, or any other applicable Federal or state bankruptcy, insolvency or other similar law, (3) consent by the City to the appointment of a receiver, liquidator, assignee, trustee, custodian, sequestrator or other similar official for the City, the Electric System or any substantial part of the City’s property, or to the taking possession by any such official of the Electric System or any substantial part of the City’s property, (4) making by the City of any assignment for the benefit of creditors, or (5) taking of corporat e action by the City in furtherance of any of the foregoing;
(e) The entry of any (1) decree or order for relief by a court having jurisdiction over the City or its property in an involuntary case under the Federal bankrupt cy laws, as now or hereafter constituted, or any other applicable Federal or state bankruptcy, insolvency or other similar law, (2) appointment of a receiver, liquidator, assignee, trustee, custodian, sequestrator or similar official for the City, the Electric System or 233 of 280

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any substantial part of the City’s property, or (3) order for the termination or liquidation of the City of its affairs; or
(f) Failure of the City within 90 days after the commencement of any proceedings against it under the Federal bankruptcy laws or any other applicable Federal or state bankruptcy, insolvency or similar law, to have such proceedings dismissed or stayed.

The provisions of paragraph (c) above are subject to the limitation that if by reason of force majeure the City is unable in whole or in part to observe and perform any of its covenants, conditions or agreements under the Indenture of Trust, the City shall not be deemed in default during the continuance of such disability. The term “force majeure” as used in the Indenture of Trust shall include without limitation acts of God; strikes, lockouts or other industrial disturban ces; acts of public enemies; orders of any kind of the government of the United States of America or of the State of California or any of their departments, agencies, political subdivisions or officials, or any civil or military authority; insurrections; riots; epidemics; landslides; lightning; earthquakes; fires; hurricanes; st orms; floods; washouts; droughts; arrests; restraint of government and people; civil disturbances; explosions; breakage or accident to machinery, transmission or distribution lines; partial or entire failure of utiliti es; or any other cause or event not reasonably within the control of the City. The City shall, however, remedy with all reasonable dispatch the cause or causes preventing it from carrying out its agreements, provided that the settlement of strikes, lockouts and other industrial disturbances shall be entirely within the discretion of the City, and the City shall not be required to make settlement of strikes, lockouts and other industrial disturbances by acceding to the demands of the opposing party or parties when such course is in the judgment of the City unfavorable to it.

Bond Owners’ Committee . If an Event of Default shall have occurred and be continuing, the Owners of 25% in aggregate Bond Obligation of Bonds then Outstanding may call a meeting of the Bond Owners for the purpose of electing a bondowners’ co mmittee (a “Bond Owners’ Committee”). At such meeting the Owners of not less than a majority in aggregate Bond Obligation of Bonds then Outstanding must be present in person or by proxy in order to constitute a quorum for the transaction of business, less than a quorum, however, having power to adjourn fro m time to time without any other notice than the announcement thereof at the meeting. A quorum bei ng present at such meeting, the Owners present in person or by proxy may, by a majority of the votes cast, elect one or more persons, who may or may not be Owners, to the Bond Owners’ Committee. The Owners present in person or by proxy at such meeting, or at any adjourned meeting thereof (i) shall prescribe the manner in which the successors of the persons elected to the Bond Owners’ Committee shall be elect ed or appointed, (ii) may prescribe rules and regulations governing the exercise by the Bond Owners ’ Committee of the power conferred upon it in the Indenture of Trust, and (iii) may provide for the termination of the existence of the Bond Owners’ Committee. The Bond Owners’ Committ ee is declared to be trustee fo r the Owners of all Bonds then Outstanding, and are empowered to exercise in the name of the Bond Owners’ Committee as trustee all the rights and powers conferred in the Indenture of Trust on any Owners; provided, however, that whenever any provision of the Indenture of Trust requires the c onsent, approval or concurrence of the Owners of a specified percentage of Bond Obligation of Bonds, in or der to exercise the right or power conferred in the Indenture of Trust on the Owners to which such pe rcentage obtains, the Bond Owners’ Committee either shall have been elected by or their election shall have been approved by or concurred in, and such Committee shall then represent, the Owners of such specified percentage of Bond Obligation of Bonds. A certificate of the election of the Bond Owners’ Co mmittee, including the names and addresses of its chairperson and other members, shall be filed with the City Clerk.

Acceleration. Upon the concurrence and continuation of an Event of Default specified in paragraphs (a), (b), (d), (e) or (f) above, the Bond Owners’ Committee or, if there is none, the Owners of 25% in aggregate Bond Obligation of Bonds then Outs tanding may, by written notice to the City, declare the entire unpaid principal of the Bonds due and payable and, thereupon, the entire unpaid principal of the 234 of 280

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Bonds shall forthwith become due and payable. Upon any such declaration the City shall forthwith pay to the Owners of the Bonds the entire unpaid principal of and accrued interest on the Bonds, but only from Net Income and other moneys specifically pledged for such purpose. If at any time after such a declaration and before the entry of a final judgment or decree in any suit, action or proceeding instituted on account of such default or before the completion of the enforcement of any other remedy under the Indenture of Trust, the principal of all Bonds and Parity Obligations that have matured or been called for redemption pursuant to any sinking fund provision and all arrears of interest have been paid and any other Events of Default which may have occurred have been remedied, then the Trustee may, by written notice to the City, rescind or annul such declaration and its consequences. No su ch rescission or annulment shall extend to or affect any subsequent default or impair any right consequent thereon.

Receiver. Upon the occurrence and continuation of an Event of Default for a period of 90 days, the Bond Owners’ Committee or, if there is none, the Owners of 25% in aggregate Bond Obligation of Bonds then Outstanding shall be entitled to the appointment of a receiver upon application to any court of competent jurisdiction in the State of California. Any receiver so appointed may enter and take possession of the Electric System, operate, maintain and repa ir same, to the extent permitted by law impose and prescribe rates, fees and other charges, and receive and apply all Gross Revenue thereafter arising therefrom in the same manner as the City itself might do. No bond shall be required of such receiver.

Other Remedies; Rights of Bond Owners . Upon the occurrence and continuation of an Event of Default the Owners may proceed to protect and enfo rce their rights by mandamus or other suit, action or proceeding at law or in equity, including an action for specific performance of any agreement contained in the Indenture of Trust.

No remedy conferred by the Indenture of Trust u pon or reserved to the Owners is intended to be exclusive of any other remedy, but each such remedy shall be cumulative and shall be in addition to any other remedy given to the Bond Owners under the Indenture of Trust or now or hereafter existing at law or in equity or by statute.

No delay or omission to exercise any right or power accruing upon any default or Event of Default shall impair any such right or power or shall be constr ued to be a waiver of any such default or Event of Default or acquiescence therein, and every such right and power may be exercised from time to time and as often as may be deemed expedient.

No waiver of any default or Event of Default by the Owners shall extend to or shall affect any subsequent default or Event of Default or shall impair any rights or remedies consequent thereon.

Unconditional Right to Receive Principal, Premium and Interest. Nothing in the Indenture of Trust shall affect or impair the right of any Owner to en force, by action at law, payment of the principal of, premium, if any, or interest on any Bond at and after the maturity thereof, or on the date fixed for redemption or upon the same being declared due prior to maturity as provided in the Indenture of Trust, or the obligation of the City to pay the principal of, premium, if any, and interest on each of the Bonds issued to the respective Owners thereof at the time and place, from the source and in the manner expressed in the Indenture of Trust and in the Bond.

The Trustee
Duties of Trustee Generally . The Trustee shall perform such duties and only such duties as are expressly and specifically set forth in the Indenture of Trust. 235 of 280

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Removal of Trustee . The City may upon 30 days prior writte n notice remove the Trustee at any time, and shall remove the Trustee if at any time re quested to do so by an instrument or concurrent instruments in writing signed by the Owners of not l ess than a majority in aggregate principal amount of the Bonds then Outstanding (or their attorneys duly authorized in writing) or if at any time the Trustee shall cease to be eligible in accordance with the Indenture of Trust, or shall become incapable of acting, or shall be adjudged a bankrupt or insolvent, or a receiver of th e Trustee or its property shall be appointed, or any public officer shall take control or charge of the Trustee or of its property or affairs for the purpose of rehabilitation, conservation or liqui dation, in each case by giving written notice of such removal to the Trustee and thereupon shall appoint a successor Trustee by an instrument in writing.

Resignation of Trustee . The Trustee may at any time resign by giving written notice of such resignation by first class mail, postage prepaid, to the City and to the Owners notice of such resignation at the respective addresses shown on the Registration Books. Upon receiving such notice of resignation, the City shall promptly appoint a successor Trustee by an instrument in writing. The Trustee shall not be relieved of its duties until such successor Trustee has accepted appointment.

Merger or Consolidation. Any bank corporation or trust comp any into which the Trustee may be merged or converted or with which it may be cons olidated or any bank corporation or trust company resulting from any merger, conversion or consolidation to which it shall be a party or any bank corporation or trust company to which the Trustee may sell or tran sfer all or substantially all of its corporate trust business, provided such bank corporation or trust compa ny shall be eligible under the Indenture of Trust, shall be the successor to such Trustee, without the execution or filing of any paper or any further act, anything herein to the contrary notwithstanding.

Liability of Trustee. The recitals of facts in the Indenture of Trust and in the Bonds shall be taken as statements of the City, and the Trustee shall not assume responsibility for the correctness of the same, or make any representations as to the validity or sufficiency of the Indenture of Trust or of the Bonds or shall incur any responsibility in respect thereof, other than as expressly stated in the Indenture of Trust in connection with the respective duties or obligations in the Indenture of Trust or in the Bonds assigned to or imposed upon it. The Trustee shall, however, be r esponsible for its representations contained in its certificate of authentication on th e Bonds. The Trustee makes no re presentations as to the validity or sufficiency of the Indenture of Trust or of any Bonds, or in respect of the security afforded by the Indenture of Trust, and the Trustee shall incur no responsibility in respect thereof. The Trustee shall be under no responsibility or duty with respect to the following: (i) the issuance of the Bonds for value; (ii) the application of the proceeds thereof except to the extent that such proceeds are received by it in its capacity as Trustee; or (iii) the application of any moneys paid to the City or others in accordance with the Indenture of Trust except as the application of any moneys paid to it in its capacity as Trustee. The Trustee shall not be liable in connection with the performance of its du ties under the Indenture of Trust, except for its own gross negligence or willful misconduct. The Trustee sh all not be liable for any action taken or omitted by it in good faith and believed by it to be authorized or within the discretion or rights or powers conferred upon it by the Indenture of Trust.

The Trustee shall not be liable for any error of judgment made in good faith by a responsible officer, unless it shall be proved that the Trustee was negligent in ascertaining the pertinent facts.

The Trustee shall not be liable with respect to any action taken or omitted to be taken by it in good faith in accordance with the directio n of the Owners of not less than a majority in aggregate principal amount of the Bonds at the time Outstanding relati ng to the time, method and place of conducting or exercising any trust or power conferred upon the Trustee under the Indenture of Trust. 236 of 280

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The Trustee assumes no responsibility or liability for any information, statement or recital in any official statement or offering memorandum or other disclosure material prepared and distributed with respect to the Bonds.

No provision of the Indenture of Trust shall require the Trustee to expend or risk its own funds or otherwise incur any financial liability in the performance of its duties under the Indenture of Trust.

The Trustee shall be protected in acting upon an y notice, resolution, request, consent, order, certificate, report, opinion, bonds or other paper or document believed by it to be genuine and to have been signed or presented by the proper party or parties. The Trustee may consult with counsel, who may be counsel of or to the City, with regard to legal ques tions, and the opinion of such counsel shall be full and complete authorization and protection in respect of any action taken or suffered by it under the Indenture of Trust in good faith and in accordance therewith; provi ded, however, the Trustee shall in no event delay any payment with respect to the Bonds in anticipation of any such opinion.

Amendments
Amendments Permitted . The Indenture of Trust and the rights and obligations of the City, the Owners of the Bonds and the Trustee may be modified or amended from time to time and at any time by a Supplemental Indenture of Trust, which the City and the Trustee may enter into with the written consent of the Owners of a majority in aggregate amount of Bond Obligation of the Bonds (or, if such Supplemental Indenture of Trust is only applicable to a Series of Bonds, such Series of Bonds) then Outstanding, which shall have been filed with the Trustee; provided that if such modification or amendment shall, by its terms, not take effect so long as any Bonds of any particul ar maturity remain Outstanding, the consent of the Owners of such Bonds shall not be required and such Bonds shall not be deemed to be Outstanding for the purpose of any calculation of Bonds Outstanding under the Indenture of Trust.

In lieu of satisfying certain requirements of the I ndenture of Trust, the Indenture of Trust and the rights and obligations of the City and of the Owners of the Bonds and of the Trustee may also be modified or amended at any time by a Supplemental Indenture of Trust entered into by the City and the Trustee which shall become binding when the written consents of e ach provider of a letter of credit or a policy of bond insurance for the Bonds shall have been filed with th e Trustee, provided that at such time the payment of all the principal of and interest on all Outstanding Bonds shall be insured by a policy or policies of municipal bond insurance or payable under a letter of credit the provider of which is not in default under any such policy of municipal bond insurance or letter of credit. A copy of each such Supplemental Indenture of Trust shall be sent by the City to Fitch and Standard & Poor’s.

No such modification or amendment shall (a) extend the fixed maturity of any Bond, or reduce the amount of principal thereof, or extend the time of payment or reduce the amount of any mandatory sinking account payment provided for the payment of any Bond, or reduce the rate of interest thereon, or extend the time of payment of interest thereon, or redu ce any premium payable upon the redemption thereof, without the consent of the Owner of each Bond so affected, or (b) reduce the aforesaid percentage of Bond Obligation the consent of the Owners of which is requi red to effect any such modification or amendment, or permit the creation of any lien on the Net Income pr ior to or on a parity with the lien created by the Indenture of Trust, or deprive the Owners of the Bonds of the lien created by the Indenture of Trust on such Net Income (in each case, except as expressly provided in the Indenture of Trust), without the consent of the Owners of all of the Bonds then Outstanding. It shall not be necessary for the consent of the Bond Owners to approve the particular form of any Supplementa l Indenture of Trust, but it shall be sufficient if such consent shall approve the substance thereof. Promptly after the execution and delivery by the Trustee and the City of any Supplemental Indenture of Trus t pursuant to these provisions, the Trustee shall mail a notice, setting forth in general terms the substance of such Supplemental Indenture of Trust to the Owners 237 of 280

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of the Bonds at the addresses shown on the registration bo oks of the Trustee. Any failure to give such notice, or any defect therein, shall not, however, in any way impair or affect the validity of any such Supplemental Indenture of Trust. The Trustee shall not be required to enter into or consent to any Supplemental Indenture of Trust which could reasonabl y be expected to adversely affect the rights, obligations, powers, privileges, indemnities and immunities provided to the Trustee under the Indenture of Trust.

The Indenture of Trust and the rights and obligations of the City, the Trustee and the Owners of the Bonds may also be modified or amended from time to time and at any time by a Supplemental Indenture of Trust, which the City and the Trustee may enter in to without the consent of any Bond Owners or any providers of any letter of credit or policy of municipal bond insurance for the Bonds, but only to the extent permitted by law and only for any one or more of the following purposes:
(1) to add to the covenants and agreements of the City contained in the Indenture of Trust other covenants and agreements thereafter to be observed, to pledge or assign additional security for the Bonds (or any portion thereof), or to surrender any right or power in the Indenture of Trust reserved to or conferred upon the City;
(2) to make such provisions for the purpose of curing any ambiguity, inconsistency or omission, or of curing or correcting any defective provision, contained in the Indenture of Trust, or in regard to matters or questions arising unde r the Indenture of Trust, as the City may deem necessary or desirable, and that shall not materially and adversely affect the interests of the Owners of the Bonds; (3) to modify, amend or supplement the Indentur e of Trust in such manner as to permit its qualification under the Trust Indenture Act of 1939, as amended, or any similar federal statute hereafter in effect, and to add such other terms, conditions a nd provisions as may be permitted by said act or similar federal statute, and that shall not materially and adversely affect the interests of the Owners of the Bonds; (4) to make modifications or adjustments necessary, appropriate or desirable to provide for the issuance of Variable Rate Indebtedness, Capita l Appreciation Indebtedness, Convertible Capital Appreciation Indebtedness or Parity Obligations with such interest rate, payment, maturity and other terms as the City may deem desirable that do not materially and adversely affect the interests of the Owners of any Series of Bonds then Outstanding;
(5) to provide for the issuance of Bonds in book-entry form or bearer form, provided that no such provision shall materially and adversely affect the interests of the Owners of the Bonds; (6) to maintain the exclusion of interest on a Series of Bonds from gross income for purposes of federal income taxation and to make such provisi ons as are necessary or appropriate to ensure such exclusion, or to provide for a Series of Bonds the interest on which is not intended to be so excluded; (7) to provide for the issuance of an additional Series of Bonds; and (8) for any other purpose that does not materially and adversely affect the interests of the Owners of the Bonds.

Defeasance
Discharge of Indenture of Trust. Bonds of any Series or a portion thereof may be paid by the City in any of the following ways:
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(a) by paying or causing to be paid the Bond Obliga tions of and interest on such Outstanding Bonds, as and when the same become due and payable;
(b) by depositing with the Trustee, an escrow agent or other fiduciary, in trust, at or before maturity, money or securities in the necessary amount ( as provided in the Indenture of Trust) to pay or redeem such Outstanding Bonds; or
(c) by delivering to the Trustee, for cancellation by it, such Outstanding Bonds.

If the City shall pay all Series for which any Bo nds are Outstanding and also pay or cause to be paid all other sums payable under the Indenture of Trus t by the City, then and in that case, at the election of the City (evidenced by a Certificate of the City, f iled with the Trustee, signifying the intention of the City to discharge all such indebtedness and the Inde nture of Trust), and notwithstanding that any Bonds shall not have been surrendered for payment, the Inde nture of Trust and the pledge of Net Income made under the Indenture of Trust and all covenants, agreem ents and other obligations of the City under the Indenture of Trust shall cease, terminate, become void and be completely discharged and satisfied. In such event, upon Request of the City, the Trustee shall cause an accounting for such period or periods as may be determined by the City to be prepared and filed with the City and shall execute and deliver to the City all such instruments as may be necessary or desirable to evidence such discharge and satisfaction, and the Trustee shall pay over, transfer, assign or deliver to the City all moneys or securities or other property held by it pursuant to the Indenture of Trust which, as evidenced by a verification report from a firm of certified public accountants, are not required for the payment or redemption of Bonds not theretofore surrendered for such payment or redemption.

Discharge of Liability on Bonds . Upon the deposit with the Trustee, escrow agent or other fiduciary, in trust, at or before maturity, of money or securities in the necessary amount (as provided in the Indenture of Trust) to pay or red eem any Outstanding Bond (whether upon or prior to its maturity or the Redemption Date of such Bond), provided that, if such Bond is to be redeemed prior to maturity, notice of such redemption shall have been given as provided in the Indenture of Trust or provision shall have been made for the giving of such notice, then all liability of the City in respect of such Bond shall cease, terminate and be completely discharged, provided that the Owner thereof shall thereafter be entitled to the payment of the principal of and premium, if any, and interest on the Bonds, and the City shall remain liable for such payment, but only out of such money or securities deposited with the Trustee as aforesaid for their payment, subject, however, to the provisions of the Indenture of Trust and the continuing duties of the Trustee under the Indenture of Trust.

The City may at any time surrender to the Trus tee for cancellation by it any Bonds previously issued and delivered, which the City may have acquired in any manner whatsoever, and such Bonds, upon such surrender and cancellation, shall be deemed to be paid and retired.

Deposit of Money or Securities with Trustee. Whenever in the Indenture of Trust it is provided or permitted that there be deposited with or held in trust by the Trustee, an escrow agent or other fiduciary in trust, money or securities in the necessary amount to pay or redeem any Bonds, the money or securities so to be deposited or held may incl ude money or securities held by the Trustee, an escrow agent or other fiduciary in trust, shall be:
(a) lawful money of the United States of Amer ica in an amount equal to the Bond Obligation of such Bonds and all unpaid interest thereon to maturity, except that, in the case of Bonds which are to be redeemed prior to maturity and in respect of whic h notice of such redemption shall have been given as provided in the Indenture of Trust or provision satisf actory to the Trustee shall have been made for the 239 of 280

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giving of such notice, the amount to be deposited or held shall be the Bond Obligation or Redemption Price of such Bonds and all unpaid interest thereon to the Redemption Date; or (b) Federal Securities, the principal of and inter est on which when due shall, in the opinion of an independent certified public accountant delivered to the Trustee (upon which opinion the Trustee may conclusively rely), provide money sufficient to pay the Bond Obligation or Redemption Price of and all unpaid interest to maturity, or to the Redemption Da te, as the case may be, on the Bonds to be paid or redeemed, as such Bond Obligation or Redemption Price and interest become due, provided that, in the case of Bonds which are to be redeemed prior to the maturity thereof, notice of such redemption shall have been given as provided in the Indenture of Trust or provision satisfactory to the Trustee shall have been made for the giving of such notice; provided, in each case, that the Tr ustee shall have been irrevocably instructed (by the terms of the Indenture of Trust or by Request of the City) to apply such money to the payment of such Bond Obligation or Redemption Price and interest with respect to such Bonds.

Miscellaneous
Liability of City Limited to Net Income . Notwithstanding anything in the Indenture of Trust or in the Bonds to the contrary, the City shall not be re quired to advance any mone ys derived from any source other than the Net Income and other money, assets a nd security pledged under the Indenture of Trust for any of the purposes mentioned in the Indenture of Tr ust, whether for the payment of the principal or Redemption Price of or interest on the Bonds or for any other purpose of the Indenture of Trust.

The general fund of the City is not liable for the payment of any Bonds, any premium thereon upon redemption prior to maturity or their interest, nor is the credit or taxing power of the City pledged for the payment of any Bonds, any premium thereon upon rede mption prior to maturity or their interest. The Owner of any Bond shall not compel the exercise of th e taxing power by the City or the forfeiture of any of its property. The principal of and interest on any Bonds and any premiu m upon the redemption of any thereof prior to maturity are not a debt of the City or a legal or equitable pledge, charge, lien or encumbrance upon any of its property or upon any of its income, re ceipts or revenues, except the Net Income and other funds, security or assets to the extent expressly provided in the Indenture of Trust which are pledged to the payment of the Bonds, interest thereon and any premium upon redemption.

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APPENDIX E

FORM OF CONTINUING DISCLOSURE AGREEMENT

CONTINUING DISCLOSURE AGREEMENT
This Continuing Disclosure Agreement (the “Disclosure Agreement”), dated as of May 1, 2026, is executed and delivered by the City of Glendale, California (the “City”) and The Bank of New York Mellon Trust Company, N.A., dissemination agent (in such capacity, the “Dissemination Agent”), in connection with the issuance of $_______ aggregate principal am ount of City of Glendale Electric Revenue Bonds, 2026 Refunding Series (the “2026 Refunding Series Bonds”). The 2026 Refunding Series Bonds are being issued pursuant to Article XXVI of the Charter, Ordinance No. [____] (the “Ordinance”), adopted on [_____], 2026 by the City Council (the “City Council”) of the City and an Indenture of Trust, dated as of February 1, 2000, by and between the City and Th e Bank of New York Mellon Trust Company, N.A., as successor trustee (in such capacity, the “Trustee”) (as supplemented and amended, the “Indenture”). The City and the Dissemination Agent covenant and agree as follows:

SECTION 1. Purpose of this Disclosure Agreement. This Disclosure Agreement is being executed and delivered by the City and the Dissemination Agent for the benefit of the Holders and Beneficial Owners of the 2026 Refunding Series Bonds and in order to assist the Participating Underwriter in complying with Securities and Exchange Commission Rule 15c2-12.

SECTION 2. Definitions. In addition to the defin itions set forth in the Indenture, which apply to any capitalized term used in this Disclosure Agreem ent unless otherwise defined in this Section 2, the following capitalized terms shall have the following meanings:
“Annual Report” shall mean any Annual Report provided by the City pursuant to, and as described in, Sections 3 and 4 of this Disclosure Agreement.
“Beneficial Owner” shall mean any person which (a) has the power, directly or indirectly, to vote or consent with respect to, or to dispose of ow nership of any 2026 Refunding Series Bonds (including persons holding 2026 Refunding Series Bonds through nominees, depositories or other intermediaries), or (b) is treated as the owner of any 2026 Refunding Series Bonds for federal income tax purposes. “Dissemination Agent” shall mean The Bank of New York Mellon Trust Company, N.A., acting in its capacity as Dissemination Agent hereunder, or any successor Dissemination Agent designated in writing by the City and which has filed with the Trustee a written acceptance of such designation. “Financial Obligation” shall mean a (a) debt oblig ation; (b) derivative instrument entered into in connection with, or pledged as security or a source of payment for, an existing or planned debt obligation; or (c) guarantee of a debt obligation or any such derivative instrument; provided that “financial obligation” shall not include municipal securities as to which a final official statement (as defined in the Rule) has been provided to the MSRB consistent with the Rule.
“Fiscal Year” shall mean the period beginning on July 1 of each year and ending on the next succeeding June 30, or any twelve-m onth or fifty-two week period hereafter selected by the City, with notice of such selection or change in fiscal year to be provided as set forth herein. “Listed Events” shall mean any of the events listed in Section 5(a) of this Disclosure Agreement. 241 of 280

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“MSRB” shall mean the Municipal Securiti es Rulemaking Board established pursuant to Section 15B(b)(1) of the Securities Exchange Act of 1934, as amended, or any other entity designated or authorized by the Securities and Exchange Commission to receive reports pursuant to the Rule. Until otherwise designed by the MSRB or the Securities and Exchange Commission, filings with the MSRB are to be made through the Electronic Municipal Marketplace Access (“EMMA”) website of the MSRB, currently located at http://emma.msrb.org.
“Owner” shall mean either the registered owners of the 2026 Refunding Series Bonds, or, if the 2026 Refunding Series Bonds are registered in the na me of The Depository Trust Company or another recognized depository, any applicable participant in such depository system. “Participating Underwriter” shall mean any of the original underwriter or underwriters of the 2026 Refunding Series Bonds required to comply with th e Rule in connection with offering of the 2026 Refunding Series Bonds.
“Rule” shall mean Rule 15c2-12 adopted by the Securities and Exchange Commission under the Securities Exchange Act of 1934, as the same has been or may be amended from time to time. “State” shall mean the State of California.

SECTION 3. Provision of Annual Reports.
(a) The City shall, or shall cau se the Dissemination Agent to, not later than seven months after the end of the City’s Fiscal Year, commencing with the report for the Fiscal Year ended June 30, 2026, provide to the MSRB an Annual Report which is consis tent with the requirements of Section 4 of this Disclosure Agreement. The Annual Report may be submitted as a single document or as separate documents comprising a package, and may include by reference other information as provided in Section 4 of this Disclosure Agreement; provided that the audite d financial statements of the City may be submitted separately from the balance of the Annual Report and later than the date required above for the filing of the Annual Report if they are not available by that date. If the Fiscal Year changes for the City, the City shall give notice of such change in the manner provided under Section 5 hereof. (b) Not later than ten (10) Business Days prio r to the date specified in subsection (a) for providing the Annual Report to the MSRB, the City sh all provide its Annual Report to the Dissemination Agent. If by ten (10) Business Days prior to such date specified in subsection (a), the Dissemination Agent has not received a copy of the Annual Report from the City, the Dissemination Agent shall promptly notify the City of such failure to receive the report. The City shall provide a written statement with each Annual Report furnished to the Dissemination Agent to the e ffect that such Annual Report constitutes the Annual Report required to be furnished by it hereunder. Th e Dissemination Agent may conclusively rely upon such statement of the City and shall have no duty or obligation to review such Annual Report. (c) If the Dissemination Agent is unable to verify that an Annual Report of the City has been provided to the MSRB by the date required in subsecti on (a), the City shall, in a timely manner, send a notice to the MSRB in substantially the form attached hereto as Exhibit A. (d) The Dissemination Agent shall:
(i) confirm prior to the date for providing the Annual Report for such year the electronic filing address of, and the then-current procedure for, submitting Annual Reports to the MSRB;
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(ii) provide the Annual Report to EMMA (upon timely receipt from the City, if the Dissemination Agent is other than the City); and
(iii) provided it has received the Annual Repor t pursuant to Section 3(a), file a report with the City (and if the entity serving as Dissemination Agent is not the same entity serving as Trustee, the Trustee) certifying that the Annual Report has been provided pursuant to this Disclosure Agreement, stating the date it was provided. The Dissemination Agent shall have no responsibility for the content of any Annual Report.

SECTION 4. Content of Annual Reports.
(a) The City’s Annual Report shall contain or include by reference the following:
(i) The audited financial statements of th e City’s Electric Works Revenue Fund for the most recently completed Fiscal Year, pr epared in accordance with generally accepted accounting principles for governmental enterpri ses as prescribed from time to time by any regulatory body with jurisdiction over the City and by the Governmental Accounting Standards Board. If the City’s audited financial statements are not available by the time the Annual Report is required to be filed pursuant to Section 3(a), the Annual Report shall contain unaudited financial statements in a format similar to the financial statements contained in the final Official Statement, and the audited financial statements shall be f iled in the same manner as the Annual Report when they become available.
(ii) Updated information comparable to the information in the following charts:
(a) the chart entitled “Electric System Facilities” as it appears on page [20] in the Official Statement, dated _______, 2026, relating to the 2026 Refunding Series Bonds (the “Official Statement”);
(b) the chart entitled “Total Power Generated and Purchased and Peak Demand” as it appears on page [20] in the Official Statement; (c) the chart entitled “Power Supply Resources” as it appears on page [21] in the Official Statement;
(d) the chart entitled “Five Year Hist ory of Electrical System Rates” as it appears on page [32] in the Official Statement;
(e) the chart entitled “Percentage Incr ease in Electric Rates” as it appears on page [34] in the Official Statement;
(f) the chart entitled “Customers, Sales, Revenues and Demand” as it appears on page [35] in the Official Statement;
(g) the chart entitled “Capital Requirement s” as it appears on page [36] in the Official Statement;
(h) the chart entitled “Outstanding IPA and SCPPA Obligations” as it appears on page [38] in the Official Statement;
(i) the chart entitled “Historical and Projected Operating Results and Debt Service Coverage” as it appears on page [40] in the Official Statement; and 243 of 280

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(j) the chart entitled “Electric System Statement of Net Position” as it appears on pages [41-42] in the Official Statement.
(iii) Updated information comparable to th e information in the section entitled “THE ELECTRIC SYSTEM — Transfers to the General Fund” as such information appears on page [36] in the Official Statement.
(b) Any or all of the items listed above ma y be included by specific reference to other documents, including official statements of debt issues of the City or public entities related thereto, which have been submitted to the MSRB or the Securities and Exchange Commission. If the document included by reference is a final official statement, it must be available from the MSRB. The City shall clearly identify each such other document so included by reference.
(c) The contents, presentation and format of the Annual Reports may be modified from time to time as determined in the judgment of the City to conform to changes in accounting or disclosure principles or practices and legal requirements followed by or applicable to the City or to reflect changes in the legal form of the City; provided, that any such modifications shall comply with the requirements of the Rule.
(d) The City shall be solely responsible for th e contents and sufficiency of each Annual Report and each notice of any Listed Events pursuant to Se ction 5. The Dissemination Agent (if other than the City) shall not be under any obligation to review or ve rify the contents of any Annual Report or notice of Listed Events in any respect or for any purpose, and the Dissemination Agent (if other than the City) shall not be responsible or liable for the actions or omissions of the City concerning any Annual Report or notice of Listed Events or concerning the City’s compliance with the requirements of this Agreement.

SECTION 5. Reporting of Significant Events.
(a) Pursuant to the provisions of this section, upon the occurrence of any of the following events (in each case to the extent applicable) with respect to the 2026 Refunding Series Bonds, the City shall give, or cause to be given by so notifying the Dissemination Agent in writing and instructing the Dissemination Agent to give, notice of the occurrence of such event, in each case, pursuant to Section 5(c) hereof:
(i) principal or interest payment delinquencies;
(ii) non-payment related defaults, if material;
(iii) modifications to the rights of the Owners of the 2026 Refunding Series Bonds, if material;
(iv) optional, contingent or unscheduled calls, if material, and tender offers; (v) defeasances;
(vi) rating changes;
(vii) adverse tax opinions or the issu ance by the Internal Revenue Service of proposed or final determinations of taxability, Notices of Proposed Issue (IRS Form 5701- TEB) or other material notices or determinations with respect to the tax status of the 2026 Refunding Series Bonds or other material even ts affecting the tax status of the 2026 Refunding Series Bonds;
(viii) unscheduled draws on the debt service reserves reflecting financial difficulties;
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(ix) unscheduled draws on the credit enhancements reflecting financial difficulties;
(x) substitution of the credit or liquidity providers or their failure to perform; (xi) release, substitution or sale of property securing repayment of the 2026 Refunding Series Bonds, if material;
(xii) bankruptcy, insolvency, receivership or similar proceedings of the City, which shall occur as described below;
(xiii) appointment of a successor or additio nal trustee or the change of name of a trustee, if material;
(xiv) the consummation of a merger, cons olidation, or acquisition involving the City or the sale of all or substantially all of the assets of the Electric System of the City other than in the ordinary course of busin ess, the entry into a de finitive agreement to undertake such an action or the termination of a definitive agreement relating to any such actions, other than pursuant to its terms, if material; (xv) incurrence of a Financial Obligation of the City’s Electric System, or agreement to covenants, events of default, remedies, priority rights, or other similar terms of a Financial Obligation of the City’s Electric System, any of which affect holders of the 2026 Refunding Series Bonds, if material; or
(xvi) default, event of acceleration, term ination event, modification of terms, or other similar events under the terms of a Financial Obligation of the City’s Electric System, any of which reflect financial difficulties.

For these purposes, any event described in item (xii) of this Section 5(a) is considered to occur when any of the following occur: the appointment of a receiver, fiscal agent, or similar officer for the City in a proceeding under the United States Bankruptcy Code or in any other proceeding under state or federal law in which a court or governmental authority has assumed jurisdiction over substantially all of the assets or business of the City, or if such jurisdiction has been assumed by leaving the existing governing body and officials or officers in possession but subject to the supervision and orders of a court or governmental authority, or the entry of an order confirming a plan of reorganization, arrange ment, or liquidation by a court or governmental authority ha ving supervision or jurisdiction over substantially all of the assets or business of the City.
(b) Upon receipt of notice from the City and in struction by the City to report the occurrence of any Listed Event, the Dissemination Agent shall provide notice thereof to the MSRB in accordance with Section 5(c) hereof. The Dissemination Agent shall ha ve no responsibility to dete rmine the materiality, if applicable, of any of the Listed Events.
(c) The City, or the Dissemination Agent, if th e Dissemination Agent has been instructed by the City to report the occurrence of a Listed Event, shall file a notice of such occurrence with the MSRB in a timely manner not more than ten (10) business days after the occurrence of the event.

SECTION 6. Termination of Reporting Obligatio n. The obligations of the City and the Dissemination Agent under this Di sclosure Agreement shall terminate upon the legal defeasance, prior redemption or payment in full of all of the 2026 Refunding Series Bonds.

SECTION 7. Dissemination Agent. The City ma y, from time to time, appoint or engage a Dissemination Agent to assist it in carrying out its ob ligations under this Disclosure Agreement, and may 245 of 280

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discharge any such Dissemination Agent, with or w ithout appointing a successor Dissemination Agent.

The initial Dissemination Agent shall be The Bank of New York Mellon Trust Company, N.A. The Dissemination Agent may resign by providing thirty (30) days’ written notice to the City.

SECTION 8. Amendment; Waiver. Notwithstandi ng any other provision of this Disclosure Agreement, the City and the Dissemination Agen t may amend this Disclosure Agreement (and the Dissemination Agent shall agree to any amendment so requested by th e City which does not impose any greater duties or obligations or any greater risk of liability on the Dissemination Agent), and any provision of this Disclosure Agreement may be waived, provided that the following conditions are satisfied:
(a) If the amendment or waiver relates to the pr ovisions of Sections 3(a) or 4, it may only be made in connection with a change in circumstances that arises from a change in legal requirements, change in law, or change in the identity, nature or status of an obligated person with respect to the 2026 Refunding Series Bonds, or the type of business conducted;
(b) The undertaking, as amended or taking into acc ount such waiver, would, in the opinion of nationally recognized bond counsel, have complied with the requirements of the Rule at the time of the original issuance of the 2026 Refunding Series Bonds , after taking into account any amendments or interpretations of the Rule, as well as any change in circumstances; and (c) The amendment or waiver either (i) is approved by the Holders of the 2026 Refunding Series Bonds in the same manner as provided in the Indenture with respect to amendments to the Indenture which require the consent of Holders, or (ii) does not, in the opinion of nationally recognized bond counsel, materially impair the interests of the Holders or Beneficial Owners of the 2026 Refunding Series Bonds.

If any amendment or waiver of a pr ovision of this Disclosure Agreement, the City shall describe such amendment in its next Annual Report, and shall include, as applicable, a narrative explanation of the reason for the amendment or waiver and its impact on the type (or in the case of a change of accounting principles, on the presentation) of financial information or operati ng data being presented by the City. In addition, if the amendment relates to the accounting principles to be followed in preparing financial statements, (i) notice of such change shall be given in the manner provided in Section 5 and (ii) the Annual Report for the year in which the change is made should present a co mparison (in narrative form and also, if feasible, in quantitative form) between the financial statements as prepared on the basis of the new accounting principles and those prepared on the basis of the former accounting principles.

SECTION 9. Additional Information. Nothing in this Disclosure Agreement shall be deemed to prevent the City from disseminating any other informa tion, using the means of dissemination set forth in this Disclosure Agreement or any other means of co mmunication, or including any other information in any Annual Report, in addition to that which is required by this Disclosure Agreement. If the City chooses to include any information in any Annual Report in a ddition to that which is specifically required by this Disclosure Agreement, the City shall have no obliga tion under this Disclosure Agreement or otherwise to update such information or include it in any future Annual Report.

SECTION 10. Filings with the MSRB. All info rmation, operating data, financial statements, annual reports, notices and other doc uments provided to the MSRB in accordance with this Disclosure Agreement shall be provided in an electronic format prescribed by the MSRB and shall be accompanied by identifying information as prescribed by the MSRB.

SECTION 11. Default. In the event of a failure of the City or the Dissemination Agent to comply with any provision of this Disclosure Agreement, the Dissemination Agent may (and, at the request of any Participating Underwriter or the Holders of at l east 25% aggregate principal amount of outstanding 2026 246 of 280

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Refunding Series Bonds, shall) upon being indemnified to its satisfaction, or any Holder or Beneficial Owner of the 2026 Refunding Series Bonds may, take such actions as may be necessary and appropriate, including seeking mandate or specific performance by c ourt order, to cause the City or the Dissemination Agent, as the case may be, to comply with its obligations un der this Disclosure Agreement. The sole remedy under this Disclosure Agreement in the event of any failure of the City or the Dissemination Agent to comply with this Disclosure Agreement shall be an action to compel performance.

SECTION 12. Duties, Immunities and Liabilities of Dissemination Agent. Article VII of the Indenture is hereby made applicable to the Dissemination Agent under this Disclosure Agreement as if this Disclosure Agreement were (solely for this purpose) contained in the Indenture. The Dissemination Agent shall be entitled to the protections, limitations from liability and indemnities afforded to the Trustee thereunder; provided, however, that the foregoing shall not be construed to impose upon the Dissemination Agent any duties or obligations of the Trustee. The Dissemination Agent shall have only such duties as are specifically set forth in this Disclosu re Agreement, and the City agrees, to the extent permitted by law, to indemnify and save the Dissemination Agent, its officers, directors, employees and agents, harmless against any loss, expense and liabilities which it may incur aris ing out of or in the exercise or performance of its powers and duties hereunder, including the costs and e xpenses (including reasonable attorneys’ fees) of defending against any claim of liability, but exclud ing liabilities due to the Dissemination Agent’s negligence or willful misconduct. The obligations of the City under this Section 12 shall survive resignation or removal of the Dissemination Agent and pa yment of the 2026 Refunding Series Bonds. The Dissemination Agent shall be paid compensation by the City for its services provided hereunder in accordance with its schedule of fees as agreed to between the Dissemin ation Agent and the City. Any company succeeding to all or substantially all of th e Dissemination Agent’s corporate trust business shall be the successor to the Dissemination Agent hereunder without the execution or filing of any document or any further act.

SECTION 13. Beneficiaries. This Disclosure Agr eement shall inure solely to the benefit of the City, the Trustee, the Dissemination Agent, the Pa rticipating Underwriter and Holders and Beneficial Owners from time to time of the 2026 Refunding Seri es Bonds, and shall create no rights in any other person or entity. No person shall have any right to commence any action against the Trustee or the Dissemination Agent seeking any remedy other than to compel specific performance of this Disclosure Agreement. Neither the Trustee nor the Disseminati on Agent shall be liable under any circumstances for monetary damages to any person for any breach of this Disclosure Agreement.

SECTION 14. Notices. All written notices to be gi ven hereunder shall be given in person or by mail to the party entitled thereto at its address set fort h below, or at such other address as such party may provide to the other parties in writing from time to time, namely:

To the City:

City of Glendale
141 N. Glendale Avenue
Room 346
Glendale, California 91206-4998
Attention: Director of Finance
Telephone: (818) 548-2085
Facsimile: (818) 956-3286
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To the Dissemination Agent: The Bank of New York Mellon Trust Company, N.A. 333 South Hope Street
Suite 2525
Los Angeles, California 90071
Attention: California Unit
Telephone: (213) 630-6240
Email: [email protected]

The Dissemination Agent and the City may, by no tice given hereunder, designate any further or different addresses to which subsequent notices, certificates or other communications shall be sent. Unless specifically otherwise required by the context of this Disclosure Agreement, any notices required to be given hereunder to the Dissemination Agent or the City may be given by any form of electronic transmission capable of producing a written record. Each such party shall file with the Dissemination Agent information appropriate to receiving such form of electronic transmission. [Remainder of Page Intentionally Left Blank]
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SECTION 15. Counterparts. This Disclosure Agreement may be executed in several counterparts, each of which shall be an original and all of which shall constitute but one and the same instrument.

CITY OF GLENDALE, CALIFORNIA
B y
Director of Finance

THE BANK OF NEW YORK MELLON TRUST
COMPANY, N.A., as Dissemination Agent
B y
Authorized Officer

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EXHIBIT A

NOTICE OF FAILURE TO FILE ANNUAL REPORT
Name of Issuer: CITY OF GLENDALE, CALIFORNIA
Name of Issue: ELECTRIC REVENUE BONDS, 2026 REFUNDING SERIES Date of Issuance: _________, 2026
NOTICE IS HEREBY GIVEN that the City of Glendale, California (the “City”) has not provided an Annual Report with respect to the above-named 2026 Ref unding Series Bonds as required by the Continuing Disclosure Agreement, dated as of May 1, 2026, between the City and The Bank of New York Mellon Trust Company, N.A., as Dissemination Agent. The City anticipates that the Annual Report will be filed by [date].

Dated:

The Bank of New York Mellon Trust Company, N.A.,
as Dissemination Agent, on behalf of the City of Glendale, California
B y
Title:
cc: City of Glendale, California

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APPENDIX F

PROPOSED FORM OF OPINION OF BOND COUNSEL
[Closing Date]

City of Glendale
Glendale, California
$_________
City of Glendale, California
Electric Revenue Bonds, 2026 Refunding Series
Ladies and Gentlemen:

We have acted as bond counsel in connection with the issuance by the City of Glendale, California (the “City”) of its Electric Revenue Bonds, 2026 Ref unding Series in the aggregate principal amount of $_________ (the “Bonds”). The Bonds are being issued pursuant to the Charter of the City, as amended (the “Charter”), including Article XXVI thereof, Or dinance No. [___] (the “Ordinance”), adopted by the City Council of the City (the “City Council”) on [_ ___], 2026 and by an Indenture of Trust, dated as of February 1, 2000, by and between the City and Th e Bank of New York Mellon Trust Company, N.A., as successor trustee (the “Trustee”), as supplemented and amended, including as supplemented by a Twelfth to Indenture of Trust, dated as of May 1, 2026, relating to the Bonds, each by and between the City and the Trustee (collectively, the “Indenture of Trust”). The 2026 Refunding Bonds are being issued to refund all of the City’s outstanding Electric Revenue Bonds, 2016 Refunding Series.

In our capacity as bond counsel, we have reviewed the Charter, the Ordinance, resolutions adopted by the City Council, the Indenture of Trust, certificati ons of the City, the Trustee, and others, opinions of counsel to the City and the Trustee, and such othe r documents, opinions and instruments as we deemed necessary to render the opinions set forth herein. Capitalized terms not otherwise defined herein shall have the meanings ascribed thereto in the Indenture of Trust.

We have assumed the genuineness of all documents and signatures presented to us. We have not undertaken to verify independently, and have assumed, the accuracy of the factual matters represented, warranted or certified in the documents. Furthermore, we have assumed compliance with all covenants and agreements contained in the Indenture of Trust, in cluding (without limitation) covenants and agreements compliance with which is necessary to assure that future actions, omissions or events will not cause interest on the Bonds to be included in gross income for federal income tax purposes.

Based on and subject to the foregoing, and in relian ce thereon, as of the date hereof, we are of the following opinions:

1. The City is authorized and empowered by law, including the Charter, to adopt the Ordinance, to execute and deliver the Indenture of Tr ust, to issue the Bonds, to use the proceeds from the sale thereof for the purposes stated in the Ordinance and the Indenture of Trust, and to pledge the Net Income of the Electric System to the payment of the Bonds. 251 of 280

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2. The Indenture of Trust has been, pursuant to law, including the Charter, duly authorized, executed and delivered by, and constitu tes the valid and binding obligation of, the City. The Indenture of Trust creates a valid pledge, to secure the payment of the principal of and interest on the Bonds, of the Net Income and certain other funds as and to the extent set forth in the Indenture of Trust and subject to the provisions of the Indenture of Tr ust permitting the application thereof for the purposes and on the terms and conditions set forth therein.

3. The Bonds are special obligations of the City and are payable exclusively from the City’s Electric Works Revenue Fund and certain other funds as provided in the Indenture of Trust, and are secured by a pledge of and lien upon Net Income of the Electric System on a parity with other obligations of the Electric System payable from Net Income of the Electric System and issued from time to time pursuant to the Indenture of Trust. The Bonds constitute valid and binding obligati ons of the City as provided in the Indenture of Trust and are enforceable in accordance w ith their terms and the terms of the Indenture of Trust. The general fund of the City is not liable for the payment of any Bond, any premium thereon upon redemption prior to maturity, or interest on the Bonds, nor is the credit or taxing power of the City pledged for the payment of any Bond, any premium thereon upon redemption prior to maturity or interest on the Bonds. The owner of any Bond shall not have the right to compel the exercise of the taxing power by the City or the forfeiture of any of its property. The principal of and interest on the Bonds and any premium upon the redemption of any thereof prior to maturity ar e not a debt of the City nor a legal or equitable pledge, charge, lien or encumbrance upon any of its property or upon any of its income, receipts or revenues, except the Net Income and certain other funds that ar e pledged pursuant to the Indenture of Trust to the payment of the Bonds, interest thereon and any premium upon redemption.

4. Under existing law, interest on the Bonds is exempt from personal income taxes of the State of California and, assuming compliance with the covenants described below, interest on the Bonds is excluded pursuant to section 103(a) of the Internal Revenue Code of 1986 (the “Code”) from the gross income of the owners thereof for federal income tax purposes. Inter est on the Bonds is not an item of tax preference for purposes of the federal alternative minimum tax on individuals.

The Code contains other provisions that could result in tax consequences, upon which we render no opinion, as a result of ownership of the Bonds or the inclusion in certain computations (including, without limitation, those related to the alternative minimum tax on the adjusted financial statement income of certain corporations) of interest that is excl uded from gross income. The Code establishes certain requirements that must be met subsequent to the issuance and delivery of the Bonds for interest thereon to be and remain excluded pursuant to section 103(a) of the Code from the gross income of the owners thereof for federal income tax purposes. Non-compliance with such requirements could cause the interest on the Bonds to fail to be excluded from the gross income of the owners thereof retroactive to the date of issuance of the Bonds. The City has covenanted in the Indenture of Trust not to take any action or omit to take any action which, if taken or omitted, r espectively, would adversely affect the exclusion of the interest on the Bonds from the gross income of the owners thereof fo r federal income tax purposes. Except as stated in the preceding paragraph, we express no opinion as to a ny federal, state or local tax consequences of the ownership or disposition of the Bonds. Furthermore, we express no opinion as to the effect on the exclusion from gross income of interest on the Bonds of any acti on taken or not taken after the date of this opinion without our approval.

Our opinions are based on existing law, which is subject to change. Such opinions are further based on our knowledge of facts as of the date hereof. We assume no duty to update or supplement our opinions to reflect any facts or circumstances that may hereafte r come to our attention or to reflect any changes in any law that may hereafter occur or become effective. Moreover, our opinions are not a guarantee of result and are not binding on the Internal Revenue Servi ce; rather, such opinions represent our legal judgment 252 of 280

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based upon our review of existing law that we deem relevant to such opinions and in reliance upon the representations and covenants referenced above.

No opinion is expressed herein on the accuracy , completeness or sufficiency of the Official Statement or other offering material relating to the Bonds.

The opinions expressed in paragraphs 2 and 3 a bove are qualified to the extent that the enforceability of the Bonds and the Indenture of Trust may be limited by applicable bankruptcy, insolvency, debt adjustment, reorganization, moratorium or simila r laws or equitable principles relating to or limiting creditors’ rights generally or as to the availability of any particular remedy. The enforceability of the Bonds and the Indenture of Trust is subject to the effect of general principles of equity, including, without limitation, concepts of materiality, reasonableness, good faith and fair dealing, to the possible unavailability of specific performance or injunctive relief, regardless of whether considered in a proceeding in equity or at law, and to the limitations on legal remedies agai nst governmental entities in California (including, but not limited to, rights of indemnification).

These opinions are limited to the laws of the State of California and the federal laws of the United States.

Respectfully submitted,
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G-1
302015694.2

APPENDIX G
ELECTRIC SYSTEM DEBT SERVICE REQUIREMENTS(1)
The following table indicates the debt service requirements on the Bonds after issuance of the 2026 Refunding Bonds.

Fiscal Year
Ending
June 30
2024 Series Bonds, 2024 Refunding
Bonds, 2024 Second Series Bonds and
2025 Series Bonds 2026 Refunding Bonds Total Debt
Service(1) Principal Interest Principal Interest
2026 $ $ $ $ $ 2027
2028
2029
2030
2031
2032
2033
2034
2035
2036
2037
2038
2039
2040
2041
2042
2043
2044
2045
2046
2047
2048
2049
2050
2051
2052
2053
2054
2055
Total(1) $ $ $ $ $ (1) Totals may not add due to rounding.
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26-89505

CITY OF GLENDALE, CALIFORNIA

REPORT TO THE CITY COUNCIL

AGENDA ITEM
Report: Construction Contract Amendment for the On-Call Sewer and Storm Drain Repair Services

1. Motion authorizing the City Manager or a designee to execute a contract amendment to Contract No. 8002780 with W. A. Rasic Construction Company, Inc. increasing the contract amount by $2,000,000 for the remaining two years of the contract term, for a total not-to-exceed contract amount of $3,200,000.

2. Resolution of appropriation to appropriate funds in the amount of $1,750,000 for the On-Call Sewer and Storm Drain Repair Services.

COUNCIL ACTION
Item Type: Consent Item
Approved for March 31, 2026 calendar

EXECUTIVE SUMMARY
The Public Works Department (PWD) currently has an on-call construction contract with W. A. Rasic Construction Company, Inc. to perform medium-to large-scale repairs to city- owned sewer and storm drain infrastructure in a not-to-exceed amount of $1,200,000 for a three-year term.

The intent of this item is for the City Council to authorize an increase to the on-call construction contract in the amount of $2,000,000 to allow for the continued completion of necessary sewer and storm drain repairs for the duration of the contract.

Additionally, a resolution of appropriation is needed to appropriate Sewer Funds to fully fund this project.

RECOMMENDATION
Approve the motion authorizing an amendment of the existing construction contract for On-Call Sewer and Storm Drain Repair Services with W. A. Rasic Construction Company, Inc., increasing the contract amount by $2,000,000 for a revised total not-to-exceed contract amount of $3,200,000, and approving the resolution of appropriation to appropriate funds in the amount of $1,750,000 for the On-Call Sewer and Storm Drain Repair Services.
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ANALYSIS
The City of Glendale owns and maintains approximately 350 miles of sanitary sewer mains and 26 miles of storm drain lines. The majority of the sanitary sewer mains were constructed in the early 1900s, when the city was first incorporated.

These sewer mains are now over 100 years old.

Most of the storm drain lines, especially reinforced concrete pipes, have been transferred to the Los Angeles County Department of Public Works for ownership and maintenance. However, there are some remaining reinforced concrete pipes still owned and maintained by the city. The city also owns and maintains corrugated metal pipe (CMP) storm drain lines constructed in the early to mid-20th century, which are not transferable to the county.

The city has minimal resources to maintain and perform minor repairs to damaged sewer and storm drain infrastructure, however, we are not staffed and equipped to handle medium to large scale repairs. Often times, medium to large scale repairs to damaged sewer or drain infrastructure are urgently needed. Therefore, mobilization of resources in a timely manner to perform the repairs are critical to public health and safety.

In January 2025, following a competitive bidding process and City Council approval, the City of Glendale entered into a contract with W.A. Rasic Construction Company, Inc. for On-Call Sewer and Storm Drain Repair Services in a not-to-exceed amount of $1,200,000 for a three-year term, with an option to extend the contract for an additional two years in the amount of $800,000, for a total not-to-exceed contract amount of $2,000,000.

During the first year of the contract, PWD successfully completed numerous emergency sewer and storm drain repairs, utilizing approximately $1,000,000 of the allocated contract budget. With two years remaining on the contract, PWD is requesting an additional $2,000,000 in funding to provide sufficient resources for emergency sewer and storm drain repairs for the remainder of the contract term.

This additional funding will allow the City to continue responding promptly and effectively to emergencies, maintaining the safety, reliability, and integrity of critical infrastructure.

STAKEHOLDERS/OUTREACH
Outreach for the On-Call Sewer and Storm Drain Repairs Service Project will be tailored to meet the needs of each specific task and impacted community. Outreach efforts will be implemented on an as-needed basis. Depending on the project needs and resources availability, variety of tools and methods can be utilized to keep the public informed and engaged:

A dedicated project website can be maintained to provide project updates, detailed project information, and contact information. The website will also feature an 256 of 280

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introduction to the project team, maps of the affected areas, and FAQs, offering a convenient point of contact for residents seeking more information or to submit feedback.

Door hangers and postcards can be distributed to homes and businesses directly impacted by the project. These materials will inform residents of upcoming activities, potential disruptions, and project milestones.

Personalized outreach through one-on-one meetings with impacted residents and businesses can be conducted in the areas directly affected by the project. This will allow project staff to address specific concerns, explain the scope of work in detail, and discuss mitigation measures for potential inconveniences such as road closures, water service interruptions, or noise disturbances.

If needed, in order to reach a broader audience and provide updates, the project can utilize various social media platforms such as Facebook, Instagram, and their location-based ads. These posts will include reminders about key dates, traffic advisories, project progress, and links to more detailed resources on the project website.

Furthermore, depending on the project needs and the feedback from the community, other outreach methods such as public open houses, community meetings, or informational booths may be used during the project. These public outreach tools can enable the project team to effectively engage with the community, and share the project impacts and updates.

FISCAL IMPACT
The amendment to the contract for On-Call Sewer and Storm Drain Repair Services will cost $2,000,000, of which $250,000 was included as a part of the FY 2025-26 approved budget. Therefore, staff is requesting additional appropriation from the Sewer Fund in the amount of $1,750,000. The existing appropriation and appropriation request are outlined as follows:

Existing Appropriation
Amount Account String Funding Source
$250,000 GL: 52100-5250-PWD-0020-P0000
PL: PWD00381AN
Sewer Fund
Department Cost Center Program
Public Works Projects
Requesting Appropriation
Amount From (Account
String)
To (Account String) Funding Source
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$1,750,000 GL: 27900-5250-
PWD-0000-P0000
GL: 52100-5250-
PWD-0020-P0000
PL: PWD00381AN
Sewer Fund
Department Cost Center Program
Public Works Projects

ENVIRONMENTAL REVIEW (CEQA/NEPA)
The Project is categorically exempt from environment review because of CEQA Guidelines §§15301.

CAMPAIGN DISCLOSURE
This item is exempt from campaign disclosure requirements.

ALTERNATIVES TO STAFF RECOMMENDATION
Alternative 1: Do not approve the motion authorizing a construction contract amendment to Contract with W. A. Rasic Construction Company, Inc., or the resolution of appropriation for the On-Call Sewer and Storm Drain Repair Services. Doing so will delay the completion of necessary sewer and storm drain repairs, and the city will require the pursuit of alternative methods for hiring contractors or recruiting resources to carry out these repairs.

ADMINISTRATIVE ACTION
Submitted by:

Daniel Hernandez, Director of Public Works
Prepared by:

Tatevik Barakazyan, P.E., Civil Engineer I
Arpa Arakelian, Civil Engineering Associate
Approved by:

Roubik R. Golanian, P.E., City Manager

EXHIBITS/ATTACHMENTS
None.
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MOTION
Moved by Council Member , seconded
by Council Member , that the
Council of the City of Glendale hereby authorizes the City Manager, or a designee, to execute construction contract amendment – subject to approval by the City Attorney – to Contract No. 8002780 with W. A. Rasic Construction Company, Inc. for the On-Call Sewer and Storm Drain Repair Services, Specification No. 3987, in the amount of $2,000,000, for a total not-to-exceed contract amount of $3,200,000.

Votes as follows:

Ayes:

Noes:

Absent:

Abstain:

City Clerk
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RESOLUTION
NO.

RESOLUTION
OF
THE

COUNCIL
OF
THE
CITY
OF

GLENDALE
MAKING
AN

APPROPRIATION
BE
IT

RESOLVED
BY
THE

COUNCIL
OF
THE
CITY
OF
GLENDALE:

SECTION
1:

That
the
sum
of
$1,750,000
is
hereby
appropriated
and/or
transferred
from
the
following
accounts
to
the
following
accounts:

ACCOUNTS

DESCRIPTION
FROM
TO
27900-5250-PWD-0000
Net
Position,
Sewer
Fund,
Public
Works
$1,750,000
52100-5250-P
WD-0020-P0000
Construction,
Sewer
Fund,
Public
Works,
PW000381AN
Projects,
On
Call
Sewer
and
Storm
Drain
Repair
$1,750,000
To
appropriate
funding
for
acontract
amendment
for
on-call
sewer
and
storm
drain
repair
services.

SECTION
2:

The
Director
of
Finance
is
authorized
to
make
such
other
revisions,
individual
appropriation
line-items,
changes
in
summaries,
fund
totals,
grand
totals,
and
other
portions
of
the
budget
document
as
necessary
to
reflect
and
implement
the
changes
specified
in
this
resolution.

SECTION
3:

The
City
Clerk
shall
certify
to
the
adoption
of
this
Resolution.

Adopted
this
day
of
________________,
2026.

STATE
OF

CALIFORNIA)
COUNTY
OF
LOS

ANGELES)
SS
CITY
OF

GLENDALE)
CITY
OF

GLENDALE
DATE
2/26/2026

APPROVED
AS
TO

FINANCIAL

PROVISION
FOR
$
1,750,000
Dfrector
of
Finance
I,Suzie
Abajian,
City
Clerk
of
the
City
of
Glendale1
do
hereby
certify
that
the
foregoing
Resolution
No.
was
adopted
by
the
Council
of
the
City
of
Glendale,
Califomia,
at
a
regular
meeting
held
on
the__________
day
of
________________,
2026,
and
that
the
same
was
adopted
by
the
following
vote:

Ayes:Noes:Absent:Abstain: ATTEST:

City
Clerk
Mayor
‘U
City
Clerk
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10b
26-89705

CITY OF GLENDALE, CALIFORNIA

REPORT TO THE CITY COUNCIL

AGENDA ITEM
Report: Water Master Plan Update and Amendment to the Professional Services Agreement with Arcadis U.S., Inc.

1. Motion to Note and File Water Master Plan Update.

2. Motion authorizing the City Manager, or his designee, to enter into and execute an amendment to the existing Professional Services Agreement (PSA) Contract No. 8002793, with Arcadis U.S., Inc. (Arcadis), to increase the contract amount by $127,211 in order for Arcadis to provide additional services related to the development of a comprehensive Water Master Plan, for a new contract not-to-exceed amount of $1,324,103.

COUNCIL ACTION
Item Type: Action Item
Approved for March 31, 2026 calendar

EXECUTIVE SUMMARY
In January 2025, Glendale Water & Power (GWP) entered into a PSA with Arcadis to develop a Water Master Plan (WMP) and Recycled Water Master Plan (RWMP).

The purpose of these master plans is to provide GWP with a clear, data-driven understanding of its existing infrastructure, water supply, and future needs. The planning effort focused on upgrading aging assets, adapting to changing demand patterns, expanding local water supply options, and building a reliable water future for Glendale.

The existing PSA with Arcadis is for a not-to-exceed cost of $1,196,892. Several critical tasks were identified during plan development that exceeded the original scope of the agreement. The total cost for these additional services is $127,211.

RECOMMENDATION
To note and file the Water Master Plan Update and authorize the City Manager, or his designee, to execute an amendment to the existing PSA with Arcadis, to provide additional services related to the development of a comprehensive Water Master Plan, in an amount not to exceed $127,211.
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ANALYSIS
This master planning effort analyzed all aspects of Glendale’s water and recycled water systems. These included detailed demand forecasting, supply assessment, infrastructure condition evaluation, pipeline replacement planning, hydraulic modeling, water quality analysis, and alternative supply evaluation. All findings and recommendations are being finalized in the Master Plan report, which will guide Glendale’s capital improvement program (CIP) and inform the upcoming Cost-of- Service Analysis (COSA) and rate study.

Below is a detailed summary of the activities completed as part of Glendale’s Water Master Plan (WMP) and Recycled Water Master Plan (RWMP). These efforts provide a comprehensive assessment of Glendale’s water and recycled water systems, supporting a reliable, sustainable future.

Water Infrastructure
A robust water system is built on the health and longevity of its physical infrastructure.

GWP delivers safe, reliable drinking water to its customers through a complex, integrated network comprised of:
- 401 miles of pipeline
- 31 pump stations
- 30 tanks
- 15 groundwater wells
- 7 primary pressure zones.
- 2 treatment plant.

GWP undertook a comprehensive condition assessment to evaluate the state of its potable and recycled water system assets, laying the groundwork for capital improvements and renewal plans over the next 20 years. As part of this, an extensive effort was made to build a complete asset inventory and establish foundational asset management practices. The assessment followed best practices from the International Infrastructure Management Manual (IIMM), focusing on each asset’s likelihood of failure (LoF) and remaining useful life (RUL). To ensure a thorough and consistent approach, assets were defined according to their function (mechanical, electrical/instrumentation, or structural) and organized within a structured hierarchy.

This allowed GWP to track assets from the utility-wide level down to individual components, supporting consistent evaluation and effective maintenance planning.

A total of 948 facility assets were visually inspected and catalogued using digital tools like Fulcrum and OpenSpace AI. Field inspections, staff interviews, and virtual workshops provided a detailed view of the system’s physical state. The majority of assets (86%) belong to the potable water system, with the remainder in the recycled water system. Assets ranged from piping, pumps, and valves to electrical panels, tanks, and site structures.
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Each asset was scored from 1 (very good) to 5 (very poor) based on visual inspection.

Most potable and recycled water assets scored between 2 and 3, indicating good to moderate condition. However, about 16% of potable assets and 10% of recycled assets were found in poor condition, with roughly 10% of all assets in very poor condition, often due to age, corrosion, or operational issues. Additionally, asset performance was scored using criteria like capacity, regulatory compliance, maintenance history, reliability, and risk of obsolescence. Nearly half of potable water assets and just over half of recycled water assets were rated as performing well, but a significant portion received poor or very poor performance scores; often due to aging equipment, frequent breakdowns, or outdated technology.

Combining physical and performance scores, the analysis found that about 60% of potable water assets and 56% of recycled water assets have poor or very poor overall condition ratings, indicating elevated risk of failure. The main drivers were asset obsolescence, reliability issues, and corrosion. Majority of assets are at or near the end of their expected service. About 71% of assets are expected to need replacement within 20 years, and over a quarter have already exceeded their estimated life expectancy. This highlights the urgency for proactive renewal and replacement planning.

Pipeline Replacement Program: A reliable drinking water system depends on the health of its pipelines. Recognizing the importance of this infrastructure, GWP developed a comprehensive Pipeline Replacement Program to assess the condition of its potable water pipelines, prioritize replacements, and plan for long-term system resilience. The primary goal of the Pipeline Replacement Program is to ensure the ongoing safety, reliability, and structural integrity of Glendale’s potable water distribution system. By systematically assessing each pipeline’s age, material, and failure history, GWP can reduce main breaks, minimize service disruptions, and invest wisely in the areas with the highest need. This proactive approach supports both day-to-day reliability and long-term capital planning.

GWP’s pipeline network consists of a diverse mix of transmission and distribution pipelines, varying in age, material, and size. Most pipes are cast iron (CIP) or ductile iron (DIP), reflecting waves of installation dating back to the early 20th century. The assessment relied on Glendale’s GIS database, supplemented by operations records and well-reasoned assumptions to fill in data gaps for older pipes. - Material breakdown: About 67% of the system is legacy cast iron, with ductile iron making up another 27%. Other materials like PVC, steel, and concrete play smaller roles.
- Age: Much of the oldest infrastructure dates to 1910-1930, while newer pipes were installed after 1970.
- Diameter: The majority are mid-sized, with 8-inch and 6-inch mains making up most of the mileage.
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Pipelines were evaluated using industry-standard deterioration curves based on material type and age, with adjustments for segments with a history of failures. Each segment received a Likelihood of Failure (LoF) score from 1 (excellent) to 5 (very poor), reflecting its structural condition and estimated break rate. Most pipelines (over 50%) have exceeded their useful life and are in need of replacement.

Water Supply
Approximately two-thirds of the City of Glendale’s water supply is imported from external watersheds located in other regions of California and the western United States. These imported supplies are delivered primarily through the Metropolitan Water District of Southern California (MWD) and originate from two major systems: the Colorado River Aqueduct and the State Water Project (SWP).

The Colorado River Aqueduct transports water from the Colorado River to Southern California and is owned and operated by MWD. The State Water Project, which conveys water from the Northern Sierra Nevada through the California Aqueduct, is owned and operated by the California Department of Water Resources (DWR).

Glendale receives water from both of these systems through its membership in MWD.

Glendale is one of the original founding members of the Metropolitan Water District and remains one of its 26 member agencies. Through this partnership, the City has historically relied on imported water to supplement its local groundwater resources and meet community demand.

However, these imported water sources are increasingly challenged. The Colorado River Basin is experiencing long-term drought conditions, declining reservoir levels, and growing interstate competition for limited supplies. Similarly, deliveries from the State Water Project have become less reliable due to changing hydrologic conditions, environmental regulations, and the impacts of climate change on California’s snowpack and precipitation patterns.

Given these uncertainties, reducing reliance on imported water has become an important objective for Glendale. Expanding and strengthening local water supplies — such as groundwater production, recycled water use, conservation programs, and other sustainable water management strategies—will help improve supply reliability, enhance drought resilience, and protect the City from future imported water shortages.

By investing in local water resources and long-term planning, Glendale can ensure a more sustainable and resilient water supply for its residents and businesses while reducing dependence on increasingly constrained imported water sources. As part of this planning effort, GWP undertook a comprehensive evaluation of all potential water supply options to address future supply gaps and system needs as outlined below:

1. Identification: A broad range of alternative supply projects was brainstormed, including:
- Groundwater recovery and treatment
- Non-potable reuse (recycled water expansion)
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- Indirect Potable Reuse (IPR)
- Direct Potable Reuse (DPR)
- Stormwater capture
- Desalination
- Decentralized treatment

2. Screening: Initial alternatives were screened using high-level qualitative criteria such as technical feasibility, availability of supply, regulatory considerations, capital and operations and maintenance (O&M) costs, and implementation schedule.

3. Evaluation: The shortlisted projects were then evaluated using a Multi-Criteria Decision Analysis (MCDA) framework. The criteria and their weights were refined with input from GWP, Arcadis, and the Stakeholder Water Advisory Group (SWAG). Projects were scored 1-5 for each criterion, multiplied by the criterion weight, and summed for a total score.

4. Selection: The highest scoring and most feasible alternatives were recommended for inclusion in GWP’s CIP:

Capital Improvement Program (CIP)
Unit cost development was based on similar projects in the region, and vendor quotes for current pricing, both of which were adjusted using latest construction cost data.

Additional focus was emphasized on pipelines, which represent the largest cost in CIP. Detailed cost estimates were developed and include valves, hydrants, laterals, excavation, and other key components. A dynamic CIP was developed to allow GWP to easily update projects as their needs, project descriptions, or cost information change.

The approximate Water and Recycled Water CIP totals $706 million, with about 64% of the projects dedicated to pipeline replacement and rehabilitation. Additional investments are allocated to new water supplies (14%), facility rehabilitation and replacement (11%), fire improvements (1%), and other areas such as studies, pump stations, and water quality enhancements. The overall program prioritizes water quality, fire protection, and critical infrastructure to ensure reliable and sustainable service delivery.

PSA Amendment Scope:

During project execution, several additional needs and emerging issues were identified that require formal amendment to the contract to ensure the Master Plans are current, actionable, and fully aligned with GWP’s ongoing and future initiatives as outlined below:
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1. Additional Technical and Data Management Tasks ($46,466):

Several critical tasks were identified during plan development that exceeded the original scope, including:
- Expanded data collection and review due to issues with the AMI system, requiring manual demand analysis and recalculations for both potable and recycled systems.
- Condition assessment enhancements using OpenSpace AI for improved asset documentation.
- Pipeline replacement program updates stemming from incomplete GIS data, necessitating additional mapping and reconciliation. - Hydraulic model calibration with increased data collection and flow metering to address system limitations.
- Development of a 360 Photo GIS Database, migrating and geo-referencing over 1,900 high-resolution facility photos into GWP’s GIS for improved virtual asset access and staff training.

2. Alternative Water Supply Coordination and Planning ($59,780):

The current draft master plan recommends developing a new local supply in a partnership with LADWP at the Glendale and LADWP owned LAGWRP. This is the preferred strategy for increasing local, drought-resilient water supply, this amendment supports:
- Ongoing partnership coordination with LADWP to explore alternative supply planning opportunities at LAGWRP.
- Development of a permitting roadmap for flow modification to the LA River, including regulatory stakeholder analysis, permitting requirements, and environmental evaluation, to ensure GWP is prepared for future supply project implementation.
- Regular coordination meetings and technical documentation to maintain project momentum and leverage regional synergies.

3. Expanded Community Outreach and Engagement ($20,965):

To bridge Master Plan communications with the upcoming Cost-of-Service Analysis and rate study, and to bolster public understanding of water system investments, this amendment includes:
- Production of a short video series highlighting water quality, infrastructure investment, and supply reliability, utilizing existing video assets and professional editing for digital dissemination.
- Community presentation support, including tailored slide decks and updated talking points, to reinforce Master Plan outcomes and infrastructure priorities with key audiences.
- Enhanced messaging and narrative development to establish a strong foundation for future rate communications and maintain the trust established through prior outreach.
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STAKEHOLDERS/OUTREACH
Public Outreach & Stakeholder Engagement were central to Glendale’s master planning process. GWP worked with the Bodewell Group (BWG), formerly Katz and Associates, Kathrin Padilla and Associates, and Probolsky Research to engage residents, businesses, and community leaders:
- Stakeholder Water Advisory Group (SWAG): SWAG included representatives from diverse segments of Glendale’s community, businesses, environmental groups, civic leaders, and major water users. Five meetings were held to discuss infrastructure needs, supply alternatives, and financial impacts. - Public Workshops & Opinion Research:

Workshops and surveys provided forums for community feedback. Water facility tours offered hands-on education (Las Virgenes Pure Water, Pure Water SoCal). - Educational Outreach:

BWG developed educational videos and presentation materials to communicate system needs, supply options, and CIP priorities.

These outreach efforts informed the final master plan recommendations and built public support for future rate adjustments and capital investments.

FISCAL IMPACT
The amendment to the existing PSA with Arcadis increases the contract amount by $127,211 to provide additional services for the development of a comprehensive Water Master Plan, for a total contract amount not to exceed $1,324,103.

Funding for these services was approved as part of the FY 2025–2026 budget. No new appropriation is being requested at this time. The City Council approved funding is outlined below.

Existing Appropriation
Amount Account String Funding Source
$127,211 43110-5920-GWP-4700 Water Works Revenue
Fund
Department Cost Center Program
Glendale Water
and Power
Water Engineering

ENVIRONMENTAL REVIEW (CEQA/NEPA)
This item is not a project for the purposes of the California Environmental Quality Act (CEQA) and thus is not subject to CEQA review.
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CAMPAIGN DISCLOSURE
In accordance with the City Campaign Finance Ordinance No. 5744, the following are the names and business addresses of the members of the board of directors, the chairperson, CEO, COO, CFO, Subcontractors and any person or entity with more than ten percent interest in the company proposed for contract in this agenda item report.

Arcadis U.S, Inc. is wholly owned by Arcadis North America, Inc., a Colorado Corporation, whose sole shareholder is Arcadis USA, B.V., a Dutch company.

Officers of: Arcadis U.S., Inc.

Full Name Title Business Address City State Zip
None
Ownership Interest in more than ten percent (10%) in Arcadis U.S., Inc.

Full Name Title Business Address City Postal
Code Country
Lovinklaan
Foundation
Beaulieustraat 22 Arnhem 6814 DV Netherlands

ALTERNATIVES TO STAFF RECOMMENDATION
Alternative 1: Choose not to authorize the amendment proposed herein. This will result in a lack of certain analytical depth, regional coordination considerations, and broader stakeholder input that would otherwise strengthen the plan and support informed decision-making.

Alternative 2: Consider any other alternative not proposed by staff.

ADMINISTRATIVE ACTION
Submitted by:

Scott K. Mellon, P.E., General Manager - Glendale Water and Power Prepared by:

Chisom Obegolu, P.E., Assistant General Manager - Water Approved by:

Roubik R. Golanian, P.E., City Manager

EXHIBITS/ATTACHMENTS
Not applicable.
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M O T I O N
Moved by Council Member ________________________________, seconded by Council Member __________________________________, that the Council of the City of Glendale, hereby notes and files the Report dated March 31, 2026 by the General Manager of Glendale Water and Power Department (GWP) regarding GWP’s Water Master Plan Update.

Vote as follows:

Ayes:

Noes:

Absent:

Abstain:
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M O T I O N
Moved by Council Member ________________________________, seconded by Council Member __________________________________, that the Council of the City of Glendale, hereby authorize the City Manager, or his designee, to enter into and execute an amendment to the City’s existing Professional Services Agreement with Arcadis U.S., Inc. (Arcadis) in the amount of $127,211 in order for Arcadis to provide additional services related to the development of a comprehensive Water Master Plan as described in the Report dated March 31, 2026 by the General Manager of Glendale Water and Power Department, for a new contract not-to-exceed amount of $1,324,103. The form of said amendment shall be subject to approval by the City Attorney.

Vote as follows:

Ayes:

Noes:

Absent:

Abstain:
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26-89738

CITY OF GLENDALE, CALIFORNIA

REPORT TO THE CITY COUNCIL

AGENDA ITEM
Report: Consideration of Regulations for Personal Delivery Devices (PDDs) Operating Within the Public Right-of-Way
1) Motion providing direction regarding one of the following options:
a. Initiate development of a permanent ordinance regulating PDDs b. Direct staff to prepare a limited pilot program prior to adopting permanent regulations; or
c. Note and file this report and defer action pending further regional coordination and monitoring.

COUNCIL ACTION
Item Type: Action Item
Approved for March 31, 2026 calendar

EXECUTIVE SUMMARY
The City of Glendale is evaluating the establishment of regulations for PDDs, including remote-controlled and autonomous robotic delivery devices, to proactively address the emergence of this technology within the public right-of-way. These devices are increasingly being used for “last-mile” deliveries of food, groceries, and retail goods in urban environments and are anticipated to expand regionally.

Currently, Glendale does not have an ordinance governing the operation of these devices. Without a regulatory framework, PDD deployment could occur without defined standards for safety, accessibility, enforcement, or public accountability.

Select jurisdictions in the region have adopted structured approaches that establish operational standards, fleet limits, data-sharing requirements, accessibility protections, and operator agreements and/or permits to ensure that innovation is balanced with pedestrian safety and ADA compliance
This staff report introduces Council to this emerging technology, outlines potential regulatory pathways, and presents options for establishing a local framework that protects the public right-of-way while allowing flexibility for future innovation. 271 of 280

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RECOMMENDATION
That the Council provide direction regarding one of the following options:
a. Initiate development of a permanent ordinance regulating PDDs b. Direct staff to prepare a limited pilot program prior to adopting permanent regulations; or
c. Note and file this report and defer action pending further regional coordination and monitoring.

ANALYSIS
PDDs are small, robotic units designed to operate primarily on sidewalks to deliver goods over short distances. Cities that have moved forward with regulation typically focus on:
Protecting pedestrian access and ADA compliance
Establishing device speed and weight limits
Defining operational hours
Requiring operating agreements and/or permits
Mandating incident response protocols
Implementing data sharing for monitoring and enforcement Setting fleet size caps
Creating penalty structures for noncompliance
West Hollywood’s framework demonstrates how cities can regulate PDDs through municipal code provisions and operator agreements, incorporating accessibility standards, geofencing, reporting requirements, and enforcement authority.

Santa Monica has approached delivery innovation through sustainability-focused pilots emphasizing zero-emission delivery, highlighting the potential environmental benefits of reducing short vehicle trips while still prioritizing curb management and public safety Key considerations for Glendale include:

1. Public Right-of-Way Impacts
Sidewalk congestion, conflicts with pedestrians and mobility devices, and obstruction risks must be addressed through enforceable operational standards.

2. Accessibility
Any framework must prioritize ADA compliance, ensuring that devices do not impede persons with disabilities and that response protocols exist for stalled or obstructing units.

3. Safety and Enforcement
Clear authority is needed to regulate device behavior, establish penalties, and require prompt operator response to incidents.
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4. Environmental Benefits
PDDs may reduce short vehicle trips, contributing to greenhouse gas reduction goals if properly managed.

5. Administrative Oversight
Implementation would require interdepartmental coordination among Public Works (Traffic Engineering/Inspection), Community Development (Code Enforcement/Long Range Planning), City Manager (Economic Development), and Police Department.

Policy Options for include can include:
i. Option A – Permanent Ordinance Framework
Adopt a municipal code chapter establishing comprehensive regulations, permitting requirements, and operating agreements for PDD operators. ii. Option B – Pilot Program
Authorize a time-limited pilot to gather operational data and community feedback before permanent adoption.
iii. Option C – Monitor Only
Defer implementation while monitoring regional trends and regulatory outcomes in nearby cities.

Staff notes that Options A or B provide Glendale with proactive control over sidewalk usage rather than reacting to unregulated deployment.

STAKEHOLDERS/OUTREACH
In an effort to approach this research with a business-friendly approach and to incorporate opinions or concerns from some entities that might be using or benefiting from this service, the City Manager’s Office Economic Development team conducted outreach to various stakeholders, including 33 restaurants across Glendale to assess awareness and impacts of autonomous delivery robots. Of those contacted, 13 currently use robotic delivery services and rated their usefulness positively (average

7.5 out of 10), citing reliability, efficiency, and positive customer reactions. The majority of restaurants not using the service cited platform availability rather than an active decision to opt out. Nearly all respondents reported no material impact to staffing, workflow, or order volume, and none raised safety concerns. Overall, feedback suggests the technology is currently viewed as a supplemental delivery option with limited operational impacts and cautious optimism as deployment expands.

Staff also solicited input on this matter from the Downtown Glendale Association, as well as the Glendale Chamber of Commerce, both centrally located and with 273 of 280

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membership and representation in the downtown area where the PPD devices are largely found and in use. Both organizations were supportive of this effort to look into the matter and for the City Council to take a proactive approach in considering various elements, including: exploring permitting/licensing options to 1) limit or manage this service, and 2) potentially generate revenue from this business model. Concerns were raised over public privacy and the use of technology/recording devices in public spaces, as well as over liability and customer service questions, should these devices be involved in pedestrian or traffic incidents.

If directed to proceed further, staff anticipates additional outreach to disability advocacy groups, additional representatives from the local business community, appropriate commissions, neighborhood associations, and potential PDD operators.

Other cities have engaged accessibility boards and business stakeholders early to address concerns related to sidewalk conditions, device interaction, and economic impacts. Future outreach in Glendale should similarly focus on balancing innovation with accessibility, safety, and quality-of-life considerations.

FISCAL IMPACT
There is no fiscal impact associated with this report. Should Council authorize ordinance development or a pilot program, future fiscal considerations may include:
Staff time for program administration and enforcement
Costs for data monitoring
Potential permitting or operating fees
Possible revenue from operator agreements
Other jurisdictions have structured fee programs to offset administrative costs and reinvest revenue into sidewalk and ADA infrastructure improvements.

ENVIRONMENTAL REVIEW (CEQA/NEPA)
The activity under consideration is not a “project” within the meaning of CEQA. Pursuant to CEQA Guidelines section 15378(b)(2), the term “project” does not include continuing administrative or maintenance activities, including general policy or procedure making (except as applied in specific instances).

Even if it is a “project,” this activity is categorically exempt pursuant to CEQA Guidelines section 15301, in that it consists of operation involving negligible or no expansion of former use of existing public facilities or topographical features, namely, existing streets and sidewalks. In any event, it can be seen with certainty that there is no possibility that the activity in question may have a significant effect on the environment; thus, it is exempt from CEQA pursuant to CEQA Guidelines section 15061(b)(3).

CAMPAIGN DISCLOSURE
This item is exempt from campaign disclosure requirements.

ALTERNATIVES TO STAFF RECOMMENDATION
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Do not provide staff policy direction either to prepare an ordinance or pilot program, or monitor regional trends and regulatory outcomes in nearby cities, which would potentially limit the City’s ability to ensure safety, accessibility, and operator accountability as the technology expands.

ADMINISTRATIVE ACTION
Submitted by:

Daniel Hernandez, Director of Public Works
Prepared by:

Sarkis Oganesyan, P.E., Assistant Director of Public Works/City Engineer Approved by:

Roubik R. Golanian, P.E., City Manager

EXHIBITS/ATTACHMENTS
None
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2 MOTION
Moved by Council Member _____________________________________, seconded by Council Member ______________________________________, that, with respect to the report of the director of Public Works dated March 31, 2026, the Council of the City of Glendale hereby:
_______________________________________________________________________ _______________________________________________________________________ ______________________________________________________________________ .

Votes as follows:

Ayes:

Noes:

Absent:

Abstain:
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CITY OF GLENDALE, CALIFORNIA

REPORT TO THE CITY COUNCIL

AGENDA ITEM
Report: Public Provider Ground Emergency Transportation Inter-Governmental Transfer (PP-GEMT-IGT) Program Appropriation Adjustment Request

1. Resolution of appropriation to approve an increased to cover the City’s required Inter-Governmental Transfer (IGT) payments associated with the PP-GEMT-IGT Program

COUNCIL ACTION
Item Type: Action Item
Approved for March 31, 2026 calendar

EXECUTIVE SUMMARY
The Glendale Fire Department has participated in the State of California’s Public Provider Ground Emergency Transportation Inter-Governmental Transfer (PP-GEMT- IGT) Program since 2023. The program allows public ambulance providers to receive enhanced Medi-Cal reimbursement through federal matching funds administered by the California Department of Health Care Services (DHCS). Since implementation, Glendale has experienced higher-than-anticipated reimbursement revenue from Medi- Cal transports, resulting in increased quarterly IGT invoices from DHCS. Although the required local matching contributions have increased, the program continues to generate significant net revenue for the City. This report requests an increased appropriation to ensure sufficient funding is available to pay the quarterly IGT invoices, allowing the City to continue participating in the program and receiving the associated federal reimbursement revenue.
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RECOMMENDATION
That the City Council approve an increased appropriation to cover the City’s required Inter-Governmental Transfer (IGT) payments associated with the PP-GEMT-IGT Program administered by the California Department of Health Care Services.

ANALYSIS
Since joining the PP-GEMT-IGT Program, the Glendale Fire Department has received substantially increased Medi-Cal reimbursement revenue associated with ambulance transport. Because the State calculates each agency’s required contribution based on the actual reimbursement revenue generated, Glendale’s quarterly IGT invoices have increased as program revenue has increased.

While the IGT payments have grown, the program continues to produce substantial net positive revenue to the City after all required contributions, administrative fees, and billing costs. Due to increased Medi-Cal transport revenue, the quarterly IGT invoices from DHCS have increased beyond the amount originally appropriated. Staff is therefore requesting appropriation to ensure adequate funding authority exists to pay the State invoices while continuing to receive the reimbursement revenue that offsets associated expenditures
To maintain participation in the program and continue receiving enhanced Medi-Cal reimbursements, the City must ensure sufficient budget appropriation authority exists to pay the required quarterly IGT invoices.

STAKEHOLDERS/OUTREACH
N/A

FISCAL IMPACT
We anticipate the IGT invoices will total approximately $3,100,000 for this Fiscal Year, of which $1,943,633 was included in the FY 2025-26 approved budget. The additional cost of $1,156,367, which will be offset entirely by the revenue received from the program, is being requested from the Undesignated General Fund Balance.

The increase in revenue has already been accounted for as part of the second quarter General Fund Financial Update that were presented to the Council on March 10, 2026, while the additional costs was not estimated at the time of the update. The additional annual costs of $1,156,367 will be included in the next General Fund Financial Forecast resulting in an annual decrease to future Fund Balance.

Existing Appropriation
Amount Account String Funding Source
$1,943,633 44760-1010-GFD-4001-P0000- General Fund
Department Cost Center Program
Fire Emergency Medical Services
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Requesting Appropriation
Amount From (Account
String)
To (Account
String)
Funding Source
$1,156,367 25300-1010-000 44760-1010-GFD-
4001-P0000-
Undesignated
General Fund
Balance
Department Cost Center
Program
Fire Emergency Medical Services

ENVIRONMENTAL REVIEW (CEQA/NEPA)
N/A

CAMPAIGN DISCLOSURE
This item is exempt from campaign disclosure requirements.

ALTERNATIVES TO STAFF RECOMMENDATION
Alternative 1: Approve as requested by the Fire Department Alternative 2: Not approve the Fire Department’s request Alternative 3: The City Council may consider any other alternative not proposed by staff

ADMINISTRATIVE ACTION
Submitted by:

Jeffrey Brooks, Fire Chief
Prepared by:

Todd Tucker, Deputy Chief
Edward Marquez, Battalion Chief
Nayiri Moumdjian, Deputy Director of Fire Administration Approved by:

Roubik R. Golanian, P.E., City Manager

EXHIBITS/ATTACHMENTS
None
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RESOLUTIONNO.

RESOLUTIONOFTHECOUNCILOFTHECITYOFGLENDALE

MAKINGANAPPROPRIATION
BEITRESOLVEDBYTHECOUNCILOFThECITYOFGLENDALE:

SECTION1:Thatthesumof$1,156,367isherebyappropriatedand/artransferredfromthefollowing accountstothefollowingaccounts:

ACCOUNTSDESCRIPTIONFROMTO
25300-1010-000UndesignatedFundBalance,GeneralFund$1,156,367 44760-1010-GFD4001-P0000-Regulatory,GeneralFund,GlendaleFire$1,156,367 Department,EmergencyMedicalServices
ToappropriatefundingfortheCity’srequiredInter-GovernmentalTransfer(IGT)paymentsassociated withthePublicProviderGroundEmergencyTransportationInter-GovernmentalTransfer(PP-GEMT IGT)Program.

SECTION2:TheDirectorofFinanceisauthorizedtomakesuchotherrevisions,individualappropriation line-items,changesinsummaries,fundtotals,grandtotals,andotherportionsofthebudgetdocumentas necessarytoreflectandimplementthechangesspecifiedinthisresolution.

SECTION3:TheCityClerkshallcertifytotheadoptionofthisResolution.

Adoptedthisdayof
________________,
2026.

Mayor
ATTEST:

CITYOFGLENDALE
L6W4DATE3/23/2026
1zJ4tAPPROVEDASTOFINANCIAL
CityClerkPROVISIONFOR$1,156,367
-1—
DirectorofFinance

STATEOFCALIFORNIA)

COUNTYOFLOSANGELES)SS

CITYOFGLENDALE)
I,SuzieAbajian,CityClerkoftheCityofGlendale,doherebycertifythattheforegoingResolution No.wasadoptedbytheCounciloftheCityofGlendale,California,ataregularmeetingheldon the__________dayof
________________,
2026,andthatthesamewasadoptedbythefollowingvote:

Ayes:

Noes:

Absent:

Abstain:

CityClerk
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