Glendora City Council
August 23, 2022

Item #12. Page 4
Meeting Date: 8/23/2022 / Packet Page #: 133
Asset allocation review
Consolidated report prepared for City of Glendora
as of July 01, 2022
Summary of asset allocation
Market
value ($)
% of
Portfolio
Cash 28,670,622.74 22.60
Cash 28,670,622.74 22.60
US 28,670,622.74 22.60
Fixed Income 98,203,618.36 77.40
US 98,203,618.36 77.40
US Fixed Income 19,336,563.85 15.24Government 50,594,561.03 39.88Corporate IG Credit 28,272,493.48 22.28 Equity 0.00 0.00Commodities 0.00 0.00Non-Traditional 0.00 0.00Other 0.00 0.00 Total Portfolio $126,874,241.10 100%Balanced mutual funds are allocated in the 'Other' categoryAssets held at other financial institutions are included in this report. We have not verified, and are not responsible for, the accuracy or completeness of this information.Report created on: July 05, 2022 Page 2 of 31 Item #12. Page 5
Meeting Date: 8/23/2022 / Packet Page #: 134
Sources of portfolio value
Consolidated report prepared for City of Glendora
as of July 01, 2022$ Millions
MTD
06/30/2022 to
07/01/2022
QTD
06/30/2022 to
07/01/2022
ITD
02/23/2022 to
07/01/2022
YTD
02/23/2022 to
07/01/2022
Opening value 98,000,419.26 98,000,419.26 40,588,997.50 40,589,214.16Net deposits/withdrawals 0.00 0.00 60,534,352.58 60,534,352.58Div./interest income 2,194.94 2,194.94 358,459.85 358,459.85Change in accr. interest 1,980.47 1,980.47 224,914.54 224,914.54Change in value 238,084.88 238,084.88 -3,464,044.92 -3,464,261.59Closing value 98,242,679.55 98,242,679.55 98,242,679.55 98,242,679.55Net Time-weighted ROR 0.25 0.25 -3.10 -3.10Performance returns are annualized after 1 year. Net deposits and withdrawals include program and account fees.Benchmarks - Annualized time-weighted returnsUS Treasury Bill - 3 Mos 0.00 0.00 0.14 0.14 BofA Corp/Gov 1-5Y 0.27 0.27 -2.46 -2.46BBG Agg Bond 0.61 0.61 -5.87 -5.87Past performance does not guarantee future results and current performance may be lower/higher than past data presented.Report created on: July 05, 2022 Page 3 of 31 Item #12. Page 6
Meeting Date: 8/23/2022 / Packet Page #: 135
Bond summary
Consolidated report prepared for City of Glendora
as of July 01, 2022Bond overviewTotal quantity 103,579,000Total market value $97,911,436.32Total accrued interest $292,182.04Total market value plus accrued interest $98,203,618.36Total estimated annual bond interest $1,389,230.75Average yield to maturityAverage coupon 1.36%

3.20%1.42%3.19%
Average current yieldAverage yield to worstAverage modified duration 2.82Average effective maturity 3.04 Investment type allocationInvestment type Taxable ($) Total ($) Tax-exempt /
deferred ($)
% of
bond
port.

Certificates of deposit 19,336,563.85 0.00 19,336,563.85 19.69U.S. corporates 28,272,493.48 0.00 28,272,493.48 28.79U.S. federal agencies 47,208,051.67 0.00 47,208,051.67 48.07U.S. treasuries 3,386,509.36 0.00 3,386,509.36 3.45Total $98,203,618.36 $0.00 $98,203,618.36 100% Credit quality of bond holdings
Effective credit rating
% of
port.

Value on
Issues 07/01/2022 ($)
A Aaa/AAA/AAA 30 51,596,246.03 52.58B Aa/AA/AA 1 934,972.22 0.95C A/A/A 17 26,335,836.26 26.76D Baa/BBB/BBB 0 0.00 0.00E Non-investment grade 0 0.00 0.00F Certificate of deposit 83 19,336,563.85 19.71G Not rated 0 0.00 0.00Total 131 $98,203,618.36 100% Bond maturity schedule
$ Millions
Cash, mutual funds and some preferred securities are not included.

Includes all fixed income securities in the selected porfolio. Average yields and durations exclude Structured Product, Pass-Through, Perpetual Preferred, and Foreign securities.Report created on: July 05, 2022 Page 4 of 31 Item #12. Page 7
Meeting Date: 8/23/2022 / Packet Page #: 136
Portfolio holdings
Consolidated report prepared for City of Glendora
as of July 01, 2022Summary of Portfolio Holdings
Unrealized
Cost basis ($) gain/loss (%)
Est. annual
income ($)
Unrealized
gain/loss ($)
Value on
07/01/2022 ($)
Current
yield (%)
% of
Portfolio
A Cash 28,670,622.74 28,670,622.74 0.00 0.00% 0.00 0.00% 22.60% Cash 28,670,622.74 28,670,622.74 0.00 0.00% 0.00 0.00% 22.60% US 28,670,622.74 28,670,622.74 0.00 0.00% 0.00 0.00% 22.60% B Fixed Income 104,006,209.05 98,203,618.36 -5,802,590.69 -5.58% 1,389,230.75 1.41% 77.40% US 104,006,209.05 98,203,618.36 -5,802,590.69 -5.58% 1,389,230.75 1.41% 77.40% US Fixed Income 20,148,365.66 19,336,563.85 -811,801.81 -4.03% 347,151.00 1.80% 15.24% Government 53,486,090.03 50,594,561.03 -2,891,529.00 -5.41% 528,271.50 1.04% 39.88% Corporate IG Credit 30,371,753.36 28,272,493.48 -2,099,259.88 -6.91% 513,808.25 1.82% 22.28% C Equity 0.00 0.00 0.00 0.00% 0.00 0.00% 0.00%D Commodities 0.00 0.00 0.00 0.00% 0.00 0.00% 0.00%E Non-Traditional 0.00 0.00 0.00 0.00% 0.00 0.00% 0.00%F Other 0.00 0.00 0.00 0.00% 0.00 0.00% 0.00%Total Portfolio $132,676,831.79 $126,874,241.10 $-5,802,590.69 -4.37% $1,389,230.75 1.09% 100% Balanced mutual funds are allocated in the 'Other' category Report created on: July 05, 2022 Page 5 of 31
Item #12. Page 8
Meeting Date: 8/23/2022 / Packet Page #: 137
Consolidated report prepared for City of Glendora
Portfolio holdings - as of July 01, 2022 (continued)
Details of portfolio holdings
% of
asset
class
Est. annual
Cost basis ($) income ($)
Unrealized
gain/loss
(%)
Unrealized
Market value ($) gain/loss ($)
Current
yield (%)
Total Portfolio $132,676,831.79 $126,874,241.10 $-5,802,590.69 -4.37% $1,389,230.75 1.09% 100% 100% % of
Portfolio
Unrealized
gain/loss ($)
Unrealized
gain/loss
Quantity (%)
Current
Cost basis ($) yield (%)
Est. annual
income ($)
Purchase
price ($) /
Cash Avg Price Market value ($)
Price on
07/01/2022
($)
% of
Cash
% of
Portfolio
CashUSOutside ASSET (1) 1.00 26,663,310.65 26,663,310.65 0.00 0.00% 0.00 0.00% 93.00% 21.02%[Outside Account @SXXXX279]

1.00 Outside ASSET (1) 1.00 1,968,250.90 1,968,250.90 0.00 0.00% 0.00 0.00% 6.87% 1.55%[Outside Account @SXXXX283]

1.00 UBS INSURED SWEEP PROGRAM 36,866.25 1.00 1.00 36,866.25 36,866.25 0.00 0.00% 0.00 0.00% 0.13% 0.03%USD CASH 2,194.94 1.00 1.00 2,194.94 2,194.94 0.00 0.00% 0.00 0.00% 0.01% 0.00%Total US $28,670,622.74 $28,670,622.74 $0.00 0.00% $0.00 100.00 0.00% 22.60%Total Cash $28,670,622.74 $28,670,622.74 $0.00 0.00% $0.00 100.00 0.00% 22.60%Total Cash $28,670,622.74 $28,670,622.74 $0.00 0.00% $0.00 100.00 0.00% 22.60% Unrealized
gain/loss ($)
Unrealized
gain/loss
Quantity (%)
Current
Cost basis ($) yield (%)
Est. annual
income ($)
Purchase
price ($) /
Avg Price Market value ($)
Amort/Accr.($)
Fixed Income as of 07/01/2022
Price on
07/01/2022
($)
% of
Fixed
Income
% of
Portfolio
USUS Fixed Income
ALLEGIANCE BANK TX US RT 245,000.00 100.00 245,000.00 245,237.11 0.00 237.11 0.10% 5,267.50 2.15% 0.19%02.1500% MAT 09/29/22 FIXEDRATE CD 100.09 0.25%
ALLY BK UT US RT 03.5500% 245,000.00 100.00 245,000.00 246,187.58 0.00 1,187.58 0.48% 8,697.50 3.53% 0.19%MAT 06/30/26 FIXED RATE CD 100.48 0.25%
AMERICAN COMM BK GA US RT 245,000.00 100.00 245,000.00 222,692.41 0.00 -22,307.59 -9.11% 980.00 0.44% 0.18%00.4000% MAT 09/22/25 FIXEDRATE CD

90.89 0.23%
AMERICAN EXP CENT UT US RT 245,000.00 100.00 245,000.00 247,412.48 0.00 2,412.48 0.98% 5,757.50 2.35% 0.20%02.3500% MAT 08/08/22 FIXEDRATE CD 100.06 0.25%
(1) Assets held at other financial institutions are included in this report. We have not verified, and are not responsible for, the accuracy or completeness of this information.Report created on: July 05, 2022 Page 6 of 31 Item #12. Page 9
Meeting Date: 8/23/2022 / Packet Page #: 138
Consolidated report prepared for City of Glendora
Portfolio holdings - as of July 01, 2022 (continued)
Unrealized
gain/loss ($)
Unrealized
gain/loss
Quantity (%)
Current
Cost basis ($) yield (%)
Est. annual
income ($)
Purchase
price ($) /
Avg Price Market value ($)
Amort/Accr.($)
Fixed Income as of 07/01/2022
Price on
07/01/2022
($)
% of
Fixed
Income
% of
Portfolio
US
ANN ARBOR ST BK MI US RT 245,000.00 100.00 245,000.00 245,580.35 0.00 580.35 0.24% 6,737.50 2.75% 0.19%02.7500% MAT 04/20/23 FIXEDRATE CD 100.15 0.25%
BANK OF NEW ENGLAN NH US 245,000.00 100.00 245,000.00 244,157.03 0.00 -842.97 -0.34% 6,982.50 2.86% 0.19%RT 02.8500% MAT 02/15/24FIXED RATE CD

99.53 0.25%
BANK3 TENNESSEE TN US RT 245,000.00 100.00 245,000.00 223,087.90 0.00 -21,912.10 -8.94% 980.00 0.44% 0.18%00.4000% MAT 08/28/25 FIXEDRATE CD

91.05 0.23%
BANKUNITED NA FLOR FL US RT 245,000.00 100.00 245,000.00 224,240.18 0.00 -20,759.82 -8.47% 2,327.50 1.04% 0.18%00.9500% MAT 03/31/26 FIXEDRATE CD

91.52 0.23%
BARCLAYS BK DE US RT 245,000.00 100.00 245,000.00 247,446.68 0.00 2,446.68 1.00% 5,512.50 2.25% 0.20%02.2500% MAT 07/26/22 FIXEDRATE CD 100.04 0.25%
BAY ST SVGS BK MA US RT 245,000.00 100.00 245,000.00 240,782.81 0.00 -4,217.19 -1.72% 4,165.00 1.73% 0.19%01.7000% MAT 11/29/23 FIXEDRATE CD

98.13 0.25%
BEAL BANK - PLANO TX US RT 245,000.00 100.00 245,000.00 241,719.38 0.00 -3,280.62 -1.34% 5,390.00 2.24% 0.19%02.2000% MAT 04/17/24 FIXEDRATE CD

98.23 0.25%
BELL ST B&T ND US RT 01.6000% 245,000.00 100.00 245,000.00 234,066.96 0.00 -10,933.04 -4.46% 3,920.00 1.68% 0.18%MAT 02/27/25 FIXED RATE CD

95.52 0.24%
BK HAPOALIM BM NY US RT 245,000.00 100.00 245,000.00 222,208.35 0.00 -22,791.65 -9.30% 1,225.00 0.55% 0.18%00.5000% MAT 12/15/25 FIXEDRATE CD

90.67 0.23%
BMO HARRIS BK NA IL US RT 245,000.00 100.00 245,000.00 223,220.71 0.00 -21,779.29 -8.89% 1,960.00 0.88% 0.18%00.8000% MAT 03/18/26 FIXEDRATE CD

91.08 0.23%
BMW BANK NORTH AME UT US 245,000.00 100.11 245,281.54 236,669.63 -32.34 -8,611.91 -3.51% 4,410.00 1.87% 0.19%RT 01.8000% MAT 03/04/25FIXED RATE CD

96.01 0.24%
CAPITAL ONE BK USA VA US RT 245,000.00 100.00 245,000.00 223,130.63 0.00 -21,869.37 -8.93% 2,817.50 1.26% 0.18%01.1500% MAT 11/24/26 FIXEDRATE CD

90.95 0.23%
CAPITAL ONE NA VA US RT 245,000.00 100.00 245,000.00 223,130.63 0.00 -21,869.37 -8.93% 2,817.50 1.26% 0.18%01.1500% MAT 11/24/26 FIXEDRATE CD

90.95 0.23%
CELTIC BK UT US RT 03.0000% 245,000.00 100.00 245,000.00 245,930.63 0.00 930.63 0.38% 7,350.00 2.99% 0.19%MAT 05/18/23 FIXED RATE CD 100.27 0.25%
CENTERSTATE BK NA FL US RT 245,000.00 100.00 245,000.00 229,750.86 0.00 -15,249.14 -6.22% 2,450.00 1.07% 0.18%01.0000% MAT 04/30/25 FIXEDRATE CD

93.61 0.23%
(1) Assets held at other financial institutions are included in this report. We have not verified, and are not responsible for, the accuracy or completeness of this information.Report created on: July 05, 2022 Page 7 of 31 Item #12. Page 10
Meeting Date: 8/23/2022 / Packet Page #: 139
Consolidated report prepared for City of Glendora
Portfolio holdings - as of July 01, 2022 (continued)
Unrealized
gain/loss ($)
Unrealized
gain/loss
Quantity (%)
Current
Cost basis ($) yield (%)
Est. annual
income ($)
Purchase
price ($) /
Avg Price Market value ($)
Amort/Accr.($)
Fixed Income as of 07/01/2022
Price on
07/01/2022
($)
% of
Fixed
Income
% of
Portfolio
US
CHAMBERS BANK AK US RT 108,000.00 100.00 108,000.00 98,309.02 0.00 -9,691.00 -8.97% 378.00 0.38% 0.08%00.3500% MAT 09/22/25 FIXEDRATE CD

90.93 0.10%
CITADEL FED CREDIT PA US RT 245,000.00 100.00 245,000.00 234,379.45 0.00 -10,620.55 -4.33% 4,042.50 1.73% 0.18%01.6500% MAT 02/27/25 CREDITUNION SHARE CERT

95.65 0.24%
CITIBANK NA SD US RT 245,000.00 100.00 245,000.00 247,508.73 0.00 2,508.73 1.02% 6,982.50 2.84% 0.20%02.8500% MAT 03/29/23 FIXEDRATE CD 100.29 0.25%
CITIZENS ST BK CLA WI US RT 219,000.00 100.00 219,000.00 210,990.42 0.00 -8,009.58 -3.66% 3,723.00 1.76% 0.17%01.7000% MAT 10/31/24 FIXEDRATE CD

96.34 0.21%
COMMERCIAL BK TN US RT 245,000.00 100.00 245,000.00 245,955.40 0.00 955.40 0.39% 7,595.00 3.09% 0.19%03.1000% MAT 05/25/23 FIXEDRATE CD 100.34 0.25%
COMMUNITY BK TN US RT 245,000.00 100.00 245,000.00 223,127.57 0.00 -21,872.43 -8.93% 980.00 0.44% 0.18%00.4000% MAT 08/26/25 FIXEDRATE CD

91.07 0.23%
COMMUNITYWIDE FED IN US RT 245,000.00 100.00 245,000.00 242,348.26 0.00 -2,651.74 -1.08% 5,512.50 2.30% 0.19%02.2500% MAT 06/28/24 FIXEDRATE CD

97.99 0.25%
CONNEXUS CREDIT UN WI US RT 245,000.00 100.00 245,000.00 231,576.01 0.00 -13,423.99 -5.48% 735.00 0.32% 0.18%00.3000% MAT 05/28/24 CREDITUNION SHARE CERT

94.52 0.24%
DISCOVER BANK DE US RT 245,000.00 100.00 245,000.00 243,449.52 0.00 -1,550.48 -0.63% 7,840.00 3.23% 0.19%03.2000% MAT 05/24/27 FIXEDRATE CD

99.03 0.25%
EAGLEMARK SVGS BK NV US RT 245,000.00 100.42 246,033.06 231,934.18 -70.02 -14,098.88 -5.73% 4,900.00 2.13% 0.18%02.0000% MAT 03/02/27 FIXEDRATE CD

94.00 0.24%
ENCORE BANK AR US RT 245,000.00 100.00 245,000.00 227,761.97 0.00 -17,238.03 -7.04% 1,960.00 0.86% 0.18%00.8000% MAT 05/15/25 FIXEDRATE CD

92.93 0.23%
ENERBANK UT US RT 00.6500% 245,000.00 100.00 245,000.00 226,782.71 0.00 -18,217.29 -7.44% 1,592.50 0.70% 0.18%MAT 06/19/25 FIXED RATE CD

92.54 0.23%
ENTERPRISE BK NE US RT 245,000.00 100.00 245,000.00 245,148.64 0.00 148.64 0.06% 5,267.50 2.15% 0.19%02.1500% MAT 11/28/22 FIXEDRATE CD 100.04 0.25%
FIRST CAROLINA BK NC US RT 245,000.00 100.00 245,000.00 226,610.84 0.00 -18,389.16 -7.51% 1,470.00 0.65% 0.18%00.6000% MAT 06/26/25 FIXEDRATE CD

92.49 0.23%
(1) Assets held at other financial institutions are included in this report. We have not verified, and are not responsible for, the accuracy or completeness of this information.Report created on: July 05, 2022 Page 8 of 31 Item #12. Page 11
Meeting Date: 8/23/2022 / Packet Page #: 140
Consolidated report prepared for City of Glendora
Portfolio holdings - as of July 01, 2022 (continued)
Unrealized
gain/loss ($)
Unrealized
gain/loss
Quantity (%)
Current
Cost basis ($) yield (%)
Est. annual
income ($)
Purchase
price ($) /
Avg Price Market value ($)
Amort/Accr.($)
Fixed Income as of 07/01/2022
Price on
07/01/2022
($)
% of
Fixed
Income
% of
Portfolio
US
FIRST N/B MCGREG TX US RT 245,000.00 100.00 245,000.00 244,024.63 0.00 -975.37 -0.40% 6,982.50 2.86% 0.19%02.8500% MAT 02/21/24 FIXEDRATE CD

99.52 0.25%
FIRST NATL BK KS US RT 245,000.00 100.00 245,000.00 237,510.52 0.00 -7,489.48 -3.06% 4,532.50 1.91% 0.19%01.8500% MAT 08/30/24 FIXEDRATE CD

96.94 0.24%
FIRST ST BK AR US RT 01.8000% 245,000.00 100.00 245,000.00 237,255.38 0.00 -7,744.62 -3.16% 4,410.00 1.86% 0.19%MAT 08/30/24 FIXED RATE CD

96.83 0.24%
FIRST TECHNOLOGY F CA US RT 245,000.00 100.00 245,000.00 245,576.25 0.00 576.25 0.24% 5,880.00 2.40% 0.19%02.4000% MAT 12/15/22 FIXEDRATE CD 100.13 0.25%
FLAGSTAR BANK, FSB MI US RT 245,000.00 100.00 245,000.00 230,099.97 0.00 -14,900.03 -6.08% 2,572.50 1.12% 0.18%01.0500% MAT 04/30/25 FIXEDRATE CD

93.74 0.23%
GOLD COAST BANK IL US RT 245,000.00 100.00 245,000.00 245,432.11 0.00 432.11 0.18% 6,370.00 2.60% 0.19%02.6000% MAT 02/28/23 FIXEDRATE CD 100.16 0.25%
GOLDMAN SACHS BANK NY US 245,000.00 100.00 245,000.00 247,239.50 0.00 2,239.50 0.91% 7,227.50 2.94% 0.19%RT 02.9500% MAT 04/18/23FIXED RATE CD 100.32 0.25%
GREENSTATE CREDIT IA US RT 245,000.00 100.00 245,000.00 224,015.75 0.00 -20,984.25 -8.57% 2,327.50 1.04% 0.18%00.9500% MAT 04/16/26 FIXEDRATE CD

91.44 0.23%
HOME LN INVT BK RI US RT 245,000.00 100.00 245,000.00 223,043.10 0.00 -21,956.90 -8.96% 980.00 0.44% 0.18%00.4000% MAT 08/29/25 FIXEDRATE CD

91.04 0.23%
HOME SAVINGS BANK UT US RT 245,000.00 100.00 245,000.00 246,529.64 0.00 1,529.64 0.62% 6,982.50 2.86% 0.19%02.8500% MAT 02/12/24 FIXEDRATE CD

99.54 0.25%
HORIZON BK NE US RT 01.3000% 245,000.00 100.00 245,000.00 231,600.92 0.00 -13,399.08 -5.47% 3,185.00 1.38% 0.18%MAT 04/15/25 FIXED RATE CD

94.47 0.24%
JPMORGAN CHASE BK OH US RT 245,000.00 100.00 245,000.00 225,322.67 0.00 -19,677.33 -8.03% 1,715.00 0.76% 0.18%00.7000% MAT 09/30/25 FIXEDRATE CD

91.79 0.23%
KNOXVILLE TVA EMPL TN US RT 245,000.00 100.00 245,000.00 245,279.30 0.00 279.30 0.11% 5,880.00 2.40% 0.19%02.4000% MAT 12/29/22 FIXEDRATE CD 100.11 0.25%
LAFAYETTE FED CRED MD US RT 245,000.00 100.00 245,000.00 243,457.64 0.00 -1,542.36 -0.63% 7,962.50 3.28% 0.19%03.2500% MAT 06/15/27 LICUSHARE CERTIFICATE

99.23 0.25%
LIVE OAK BKG CO NC US RT 245,000.00 100.00 245,000.00 220,945.90 0.00 -24,054.10 -9.82% 1,960.00 0.89% 0.17%00.8000% MAT 08/13/26 FIXEDRATE CD

90.18 0.22%
(1) Assets held at other financial institutions are included in this report. We have not verified, and are not responsible for, the accuracy or completeness of this information.Report created on: July 05, 2022 Page 9 of 31 Item #12. Page 12
Meeting Date: 8/23/2022 / Packet Page #: 141
Consolidated report prepared for City of Glendora
Portfolio holdings - as of July 01, 2022 (continued)
Unrealized
gain/loss ($)
Unrealized
gain/loss
Quantity (%)
Current
Cost basis ($) yield (%)
Est. annual
income ($)
Purchase
price ($) /
Avg Price Market value ($)
Amort/Accr.($)
Fixed Income as of 07/01/2022
Price on
07/01/2022
($)
% of
Fixed
Income
% of
Portfolio
US
MCHENRY SVGS BK IL US RT 245,000.00 100.00 245,000.00 236,005.04 0.00 -8,994.96 -3.67% 4,287.50 1.82% 0.19%01.7500% MAT 11/29/24 FIXEDRATE CD

96.32 0.24%
MECHANICS COOPERAT MA US 245,000.00 100.00 245,000.00 245,817.43 0.00 817.43 0.33% 6,247.50 2.55% 0.19%RT 02.5500% MAT 02/06/23FIXED RATE CD 100.15 0.25%
MEDALLION BK UT US RT 245,000.00 100.00 245,000.00 224,639.29 0.00 -20,360.71 -8.31% 1,347.50 0.60% 0.18%00.5500% MAT 07/30/25 FIXEDRATE CD

91.69 0.23%
MERRICK BK UT US RT 01.6500% 245,000.00 100.00 245,000.00 240,610.88 0.00 -4,389.12 -1.79% 4,042.50 1.68% 0.19%MAT 10/31/23 FIXED RATE CD

98.20 0.25%
METRO CREDIT UNION MA US RT 245,000.00 100.00 245,000.00 227,220.35 0.00 -17,779.65 -7.26% 4,165.00 1.83% 0.18%01.7000% MAT 02/18/27 LICUSHARE CERTIFICATE

92.74 0.23%
MONEY ONE FED CRED MD US 248,000.00 103.32 256,226.36 242,347.94 -6,038.72 -13,878.42 -5.42% 4,960.00 2.06% 0.19%RT 02.0000% MAT 09/23/24FIXED RATE CD

97.17 0.25%
MORGAN STANLEY BK UT US RT 245,000.00 100.00 245,000.00 248,602.74 0.00 3,602.74 1.47% 6,492.50 2.64% 0.20%02.6500% MAT 01/11/23 FIXEDRATE CD 100.23 0.25%
MORGAN STANLEY PRV NY US 245,000.00 100.00 245,000.00 240,114.33 0.00 -4,885.67 -1.99% 4,900.00 2.06% 0.19%RT 02.0000% MAT 08/22/24FIXED RATE CD

97.30 0.24%
MORTON CMNTY BK IL US RT 245,000.00 100.00 245,000.00 226,771.33 0.00 -18,228.67 -7.44% 1,470.00 0.65% 0.18%00.6000% MAT 06/19/25 FIXEDRATE CD

92.54 0.23%
MOUNTAIN AMERICA C UT US RT 245,000.00 100.00 245,000.00 245,608.10 0.00 608.10 0.25% 5,880.00 2.40% 0.19%02.4000% MAT 11/30/22 FIXEDRATE CD 100.14 0.25%
NEIGHBORS FED CRED LA US RT 245,000.00 100.00 245,000.00 248,020.62 0.00 3,020.62 1.23% 8,085.00 3.29% 0.19%03.3000% MAT 09/28/23 FIXEDRATE CD 100.37 0.25%
NEW YORK CMNTY BK NY US RT 245,000.00 100.00 245,000.00 220,874.65 0.00 -24,125.35 -9.85% 1,715.00 0.78% 0.17%00.7000% MAT 07/01/26 FIXEDRATE CD

90.15 0.22%
OCEANFIRST BK NA NJ US RT 245,000.00 100.00 245,000.00 244,805.98 0.00 -194.02 -0.08% 7,962.50 3.25% 0.19%03.2500% MAT 07/01/24 FIXEDRATE CD

99.90 0.25%
PACIFIC CREST SVGS WA US RT 245,000.00 100.00 245,000.00 230,589.80 0.00 -14,410.20 -5.88% 2,940.00 1.28% 0.18%01.2000% MAT 04/30/25 FIXEDRATE CD

94.12 0.23%
(1) Assets held at other financial institutions are included in this report. We have not verified, and are not responsible for, the accuracy or completeness of this information.Report created on: July 05, 2022 Page 10 of 31 Item #12. Page 13
Meeting Date: 8/23/2022 / Packet Page #: 142
Consolidated report prepared for City of Glendora
Portfolio holdings - as of July 01, 2022 (continued)
Unrealized
gain/loss ($)
Unrealized
gain/loss
Quantity (%)
Current
Cost basis ($) yield (%)
Est. annual
income ($)
Purchase
price ($) /
Avg Price Market value ($)
Amort/Accr.($)
Fixed Income as of 07/01/2022
Price on
07/01/2022
($)
% of
Fixed
Income
% of
Portfolio
US
PACIFIC WSTN BK CA US RT 245,000.00 100.00 245,000.00 232,522.38 0.00 -12,477.62 -5.09% 3,307.50 1.43% 0.18%01.3500% MAT 04/16/25 FIXEDRATE CD

94.63 0.24%
PENTAGON FED CREDI VA US RT 245,000.00 100.00 245,000.00 227,378.49 0.00 -17,621.51 -7.19% 4,165.00 1.83% 0.18%01.7000% MAT 02/18/27 CREDITUNION SHARE CERT

92.75 0.23%
PRIME ALLIANCE BK UT US RT 245,000.00 100.00 245,000.00 245,812.26 0.00 812.26 0.33% 7,840.00 3.19% 0.19%03.2000% MAT 06/29/23 FIXEDRATE CD 100.31 0.25%
RAYMOND JAMES BK N FL US RT 245,000.00 100.00 245,000.00 237,175.44 0.00 -7,824.56 -3.19% 4,410.00 1.86% 0.19%01.8000% MAT 11/08/24 FIXEDRATE CD

96.54 0.24%
SAN FRANCISCO FED CA US RT 245,000.00 100.00 245,000.00 230,476.53 0.00 -14,523.47 -5.93% 2,695.00 1.17% 0.18%01.1000% MAT 03/27/25 LICUSHARE CERTIFICATE

94.06 0.23%
SAVOY BK NY US RT 00.8000% 245,000.00 100.00 245,000.00 227,807.01 0.00 -17,192.99 -7.02% 1,960.00 0.86% 0.18%MAT 05/13/25 FIXED RATE CD

92.94 0.23%
SOMERSET TRUST CO PA US RT 245,000.00 100.00 245,000.00 230,017.95 0.00 -14,982.05 -6.12% 2,450.00 1.07% 0.18%01.0000% MAT 03/19/25 FIXEDRATE CD

93.85 0.23%
SPRING BK NY US RT 02.7500% 245,000.00 100.00 245,000.00 245,394.79 0.00 394.79 0.16% 6,737.50 2.75% 0.19%MAT 04/27/23 FIXED RATE CD 100.13 0.25%
STATE BANK OF INDI NY US RT 245,000.00 100.00 245,000.00 224,573.48 0.00 -20,426.52 -8.34% 2,205.00 0.98% 0.18%00.9000% MAT 03/25/26 FIXEDRATE CD

91.42 0.23%
STOCKMAN BK MT US RT 245,000.00 100.00 245,000.00 228,836.18 0.00 -16,163.82 -6.60% 1,470.00 0.64% 0.18%00.6000% MAT 06/10/25 FIXEDRATE CD

93.37 0.23%
SYNCHRONY BANK UT US RT 245,000.00 100.00 245,000.00 237,578.92 0.00 -7,421.08 -3.03% 4,900.00 2.07% 0.19%02.0000% MAT 03/25/25 FIXEDRATE CD

96.43 0.24%
TEXAS EXCHANGE BK TX US RT 245,000.00 100.00 245,000.00 222,389.32 0.00 -22,610.68 -9.23% 1,470.00 0.66% 0.18%00.6000% MAT 10/23/25 FIXEDRATE CD

90.76 0.23%
THIRD FED S&L ASSN OH US RT 245,000.00 100.00 245,000.00 237,661.44 0.00 -7,338.56 -3.00% 4,777.50 2.01% 0.19%01.9500% MAT 11/25/24 FIXEDRATE CD

96.81 0.24%
TOYOTA FINL SVG BK NV US RT 245,000.00 100.00 245,000.00 224,044.18 0.00 -20,955.82 -8.55% 2,205.00 0.99% 0.18%00.9000% MAT 04/22/26 FIXEDRATE CD

91.27 0.23%
UBS BANK UT US RT 00.8500% 245,000.00 100.00 245,000.00 222,425.53 0.00 -22,574.47 -9.21% 2,082.50 0.94% 0.18%MAT 06/16/26 FIXED RATE CD

90.75 0.23%
(1) Assets held at other financial institutions are included in this report. We have not verified, and are not responsible for, the accuracy or completeness of this information.Report created on: July 05, 2022 Page 11 of 31 Item #12. Page 14
Meeting Date: 8/23/2022 / Packet Page #: 143
Consolidated report prepared for City of Glendora
Portfolio holdings - as of July 01, 2022 (continued)
Unrealized
gain/loss ($)
Unrealized
gain/loss
Quantity (%)
Current
Cost basis ($) yield (%)
Est. annual
income ($)
Purchase
price ($) /
Avg Price Market value ($)
Amort/Accr.($)
Fixed Income as of 07/01/2022
Price on
07/01/2022
($)
% of
Fixed
Income
% of
Portfolio
US
UNIVERSITY OF IOWA IA US RT 245,000.00 100.00 245,000.00 245,815.85 0.00 815.85 0.33% 7,350.00 2.99% 0.19%03.0000% MAT 04/28/23 FIXEDRATE CD 100.33 0.25%
USALLIANCE FED CRE NY US RT 245,000.00 100.00 245,000.00 223,331.56 0.00 -21,668.44 -8.84% 1,225.00 0.55% 0.18%00.5000% MAT 09/29/25 FIXEDRATE CD

91.15 0.23%
VALLEY STRONG CRED CA US RT 240,000.00 100.00 240,000.00 238,185.80 0.00 -1,814.20 -0.76% 6,840.00 2.87% 0.19%02.8500% MAT 06/21/24 LICUSHARE CERTIFICATE

99.17 0.24%
VYSTAR CREDIT UNIO FL US RT 205,000.00 104.30 213,824.70 206,691.25 -9,992.49 -7,133.45 -3.34% 7,482.50 3.62% 0.16%03.6500% MAT 12/11/23 LICUSHARE CERTIFICATE 100.82 0.21%
WEBBANK UT US RT 00.3500% 245,000.00 100.00 245,000.00 231,928.28 0.00 -13,071.72 -5.34% 857.50 0.37% 0.18%MAT 05/28/24 FIXED RATE CD

94.63 0.24%
WELLS FARGO NATL B NV US RT 245,000.00 100.00 245,000.00 244,620.42 0.00 -379.58 -0.15% 4,532.50 1.85% 0.19%01.8500% MAT 12/30/22 FIXEDRATE CD

99.84 0.25%
Total US Fixed Income $20,148,365.66 $19,336,563.85 $-16,133.57 $-811,801.81 -4.03% $347,151.00 19.69% 1.80% 15.24% Government
FEDERAL FARM CREDIT BANK 2,000,000.00 100.00 2,000,000.00 1,905,585.56 0.00 -94,414.44 -4.72% 19,400.00 1.02% 1.50%00.970 % DUE 120924 DTD120921 FC 06092022

95.22 1.94%
FFCB BOND 00.210 % DUE 2,000,000.00 100.00 2,000,000.00 1,921,156.67 0.00 -78,843.33 -3.94% 4,200.00 0.22% 1.51%122123 DTD 122120 FC06212021

96.05 1.96%
FFCB BOND 00.440 % DUE 2,000,000.00 100.00 2,000,000.00 1,892,235.56 0.00 -107,764.44 -5.39% 8,800.00 0.47% 1.49%092324 DTD 092321 FC03232022

94.49 1.93%
FFCB BOND 00.600 % DUE 2,000,000.00 100.00 2,000,000.00 1,867,920.00 0.00 -132,080.00 -6.60% 12,000.00 0.64% 1.47%061625 DTD 061621 FC12162021

93.37 1.90%
FFCB BOND 00.600 % DUE 2,000,000.00 100.00 2,000,000.00 1,847,313.33 0.00 -152,686.67 -7.63% 12,000.00 0.65% 1.46%112425 DTD 112420 FC05242021

92.30 1.88%
FFCB BOND 00.610 % DUE 2,000,000.00 100.00 2,000,000.00 1,867,147.78 0.00 -132,852.22 -6.64% 12,200.00 0.65% 1.47%052325 DTD 082321 FC11232021

93.29 1.90%
FFCB BOND 00.660 % DUE 2,000,000.00 100.00 2,000,000.00 1,860,486.67 0.00 -139,513.33 -6.98% 13,200.00 0.71% 1.47%091525 DTD 091521 FC03152022

92.83 1.89%
(1) Assets held at other financial institutions are included in this report. We have not verified, and are not responsible for, the accuracy or completeness of this information.Report created on: July 05, 2022 Page 12 of 31 Item #12. Page 15
Meeting Date: 8/23/2022 / Packet Page #: 144
Consolidated report prepared for City of Glendora
Portfolio holdings - as of July 01, 2022 (continued)
Unrealized
gain/loss ($)
Unrealized
gain/loss
Quantity (%)
Current
Cost basis ($) yield (%)
Est. annual
income ($)
Purchase
price ($) /
Avg Price Market value ($)
Amort/Accr.($)
Fixed Income as of 07/01/2022
Price on
07/01/2022
($)
% of
Fixed
Income
% of
Portfolio
US
FFCB BOND 00.680 % DUE 2,000,000.00 100.00 2,000,000.00 1,871,866.67 0.00 -128,133.33 -6.41% 13,600.00 0.73% 1.48%051925 DTD 051921 FC11192021

93.51 1.91%
FFCB BOND 00.710 % DUE 2,000,000.00 100.00 2,000,000.00 1,877,321.11 0.00 -122,678.89 -6.13% 14,200.00 0.76% 1.48%042125 DTD 042121 FC10212021

93.73 1.91%
FFCB BOND 01.840 % DUE 2,000,000.00 100.00 2,000,000.00 1,910,764.44 0.00 -89,235.56 -4.46% 36,800.00 1.94% 1.51%012627 DTD 012622 FC07262022

94.75 1.95%
FFCB NTS 00.940 % DUE 092826 2,000,000.00 100.00 2,000,000.00 1,826,736.67 0.00 -173,263.33 -8.66% 18,800.00 1.03% 1.44%DTD 092821 FC 03282022

91.09 1.86%
FHLB BOND 00.625 % DUE 2,000,000.00 100.00 2,000,000.00 1,866,554.72 0.00 -133,445.28 -6.67% 12,500.00 0.67% 1.47%063025 DTD 063021 FC12302021

93.33 1.90%
FHLB BOND 01.050 % DUE 1,000,000.00 96.84 968,385.25 922,885.00 0.00 -45,500.25 -4.70% 10,500.00 1.14% 0.73%081326 DTD 081321 FC02132022

91.89 0.94%
FHLB BOND 01.780 % DUE 2,000,000.00 100.00 2,000,000.00 1,911,903.33 0.00 -88,096.67 -4.40% 35,600.00 1.88% 1.51%021027 DTD 021022 FC08102022

94.90 1.95%
FHLB BOND 02.010 % DUE 3,215,000.00 95.65 3,075,098.40 3,080,339.72 0.00 5,241.33 0.17% 64,621.50 2.11% 2.42%022527 DTD 022522 FC08252022

95.11 3.14%
FHLB BOND STEP-UP 00.750 % 2,000,000.00 100.00 2,000,000.00 1,869,501.67 0.00 -130,498.33 -6.52% 15,000.00 0.80% 1.47%DUE 063026 DTD 063021 FC12302021

93.47 1.90%
FHLB NTS 0.7500% DUE 063026 2,000,000.00 100.00 2,000,000.00 1,886,201.67 0.00 -113,798.33 -5.69% 15,000.00 0.80% 1.49%DTD 063021 FC 12302021

94.31 1.92%
FHLB NTS 1.0500% DUE 033026 2,000,000.00 100.00 2,000,000.00 1,883,988.33 0.00 -116,011.67 -5.80% 21,000.00 1.12% 1.48%DTD 033021 FC 09302021

93.93 1.92%
FHLB NTS 00.500 % DUE 082626 2,000,000.00 100.00 2,000,000.00 1,825,312.22 0.00 -174,687.78 -8.73% 10,000.00 0.55% 1.44%DTD 082621 FC 02262022

91.09 1.86%
FHLMC MED TERM NTS 00.500 1,000,000.00 99.85 998,500.00 932,754.44 0.00 -65,745.56 -6.58% 5,000.00 0.54% 0.74%% DUE 072325 DTD 072320 FC01232021

93.06 0.95%
FHLMC MED TERM NTS 00.730 2,000,000.00 100.00 2,000,000.00 1,867,858.33 0.00 -132,141.67 -6.61% 14,600.00 0.78% 1.47%% DUE 052825 DTD 052820 FC11282020

93.33 1.90%
FHLMC MED TERM NTS 03.050 2,000,000.00 100.00 2,000,000.00 1,994,448.33 0.00 -5,551.67 -0.28% 61,000.00 3.06% 1.57%% DUE 062824 DTD 062822 FC12282022

99.70 2.03%
(1) Assets held at other financial institutions are included in this report. We have not verified, and are not responsible for, the accuracy or completeness of this information.Report created on: July 05, 2022 Page 13 of 31 Item #12. Page 16
Meeting Date: 8/23/2022 / Packet Page #: 145
Consolidated report prepared for City of Glendora
Portfolio holdings - as of July 01, 2022 (continued)
Unrealized
gain/loss ($)
Unrealized
gain/loss
Quantity (%)
Current
Cost basis ($) yield (%)
Est. annual
income ($)
Purchase
price ($) /
Avg Price Market value ($)
Amort/Accr.($)
Fixed Income as of 07/01/2022
Price on
07/01/2022
($)
% of
Fixed
Income
% of
Portfolio
US
FNMA NTS 00.500 % DUE 1,000,000.00 100.00 999,950.00 930,202.78 0.00 -69,747.22 -6.98% 5,000.00 0.54% 0.73%081425 DTD 081420 FC02142021

92.83 0.95%
FNMA NTS 00.540 % DUE 2,000,000.00 100.00 2,000,000.00 1,851,120.00 0.00 -148,880.00 -7.44% 10,800.00 0.58% 1.46%102725 DTD 102720 FC04272021

92.46 1.88%
FNMA NTS 00.560 % DUE 2,000,000.00 100.00 2,000,000.00 1,849,488.89 0.00 -150,511.11 -7.53% 11,200.00 0.61% 1.46%111725 DTD 111720 FC05172021

92.41 1.88%
INTL FIN CORP NTS 00.500 % 2,000,000.00 100.00 2,000,000.00 1,886,957.78 0.00 -113,042.22 -5.65% 10,000.00 0.53% 1.49%DUE 051526 DTD 052821 FC11152021

94.28 1.92%
US TSY NOTE 01.125 % DUE 1,000,000.00 98.21 982,052.13 929,475.38 0.00 -52,576.75 -5.35% 11,250.00 1.21% 0.73%10/31/26 DTD 10/31/21 FC04/30/22

92.76 0.95%
US TSY NOTE 01.750 % DUE 1,500,000.00 97.67 1,465,036.50 1,458,701.33 0.00 -6,335.17 -0.43% 26,250.00 1.80% 1.15%12/31/24 DTD 12/31/19 FC06/30/20

97.24 1.49%
US TSY NOTE 02.375 % DUE 1,000,000.00 99.71 997,067.75 998,332.65 0.00 1,264.90 0.13% 23,750.00 2.40% 0.79%08/15/24 DTD 08/15/14 FC02/15/15

98.94 1.02%
Total Government $53,486,090.03 $50,594,561.03 $0.00 $-2,891,529.00 -5.41% $528,271.50 51.52% 1.04% 39.88% Corporate IG Credit
AMAZON COM INC NTS B/E 1,000,000.00 100.28 1,002,837.39 934,972.22 -1,985.28 -67,865.17 -6.77% 8,000.00 0.86% 0.74%00.800% 060325 DTD060320CALL@MW+10BP

93.44 0.95%
CATERPILLAR FINL SERVICE 2,026,000.00 102.13 2,069,069.42 1,919,985.05 -27,375.35 -149,084.37 -7.21% 29,377.00 1.53% 1.51%01.450% 051525 DTD051520FC111520 CALL@MW+20BP

94.58 1.96%
CHARLES SCHWAB CORP NTS 2,000,000.00 99.49 1,989,860.00 1,811,800.00 0.00 -178,060.00 -8.95% 18,000.00 1.00% 1.43%00.900% 031126 DTD121120FC031121 CALL@MW+10BP

90.32 1.84%
COMCAST CORP NEW B/E 1,000,000.00 108.02 1,080,220.82 1,004,970.00 -38,919.64 -75,250.82 -6.97% 33,750.00 3.40% 0.79%03.375% 081525 DTD052715FC081515 CALL@MW+20BP

99.22 1.02%
E I DU PONT DE NEMOURS 2,141,000.00 102.25 2,189,172.66 2,038,379.48 -17,620.77 -150,793.17 -6.89% 36,397.00 1.80% 1.59%01.700% 071525 DTD051520FC011521 CALL@MW+25BP

94.42 2.08%
HONEYWELL INTL NTS B/E 1,122,000.00 102.63 1,151,465.67 1,114,470.13 -29,578.40 -36,995.54 -3.21% 25,806.00 2.34% 0.88%02.300% 081524 DTD080819CALL@MW+10BP

98.46 1.13%
(1) Assets held at other financial institutions are included in this report. We have not verified, and are not responsible for, the accuracy or completeness of this information.Report created on: July 05, 2022 Page 14 of 31 Item #12. Page 17
Meeting Date: 8/23/2022 / Packet Page #: 146
Consolidated report prepared for City of Glendora
Portfolio holdings - as of July 01, 2022 (continued)
Unrealized
gain/loss ($)
Unrealized
gain/loss
Quantity (%)
Current
Cost basis ($) yield (%)
Est. annual
income ($)
Purchase
price ($) /
Avg Price Market value ($)
Amort/Accr.($)
Fixed Income as of 07/01/2022
Price on
07/01/2022
($)
% of
Fixed
Income
% of
Portfolio
US
IBM CORP NTS B/E 03.000% 1,664,000.00 104.05 1,731,373.50 1,659,279.79 -71,453.49 -72,093.71 -4.16% 49,920.00 3.02% 1.31%051524 DTD051519 FC111519CALL@MW+15BP

99.33 1.69%
INTEL CORP NTS B/E 03.400% 1,054,000.00 107.69 1,135,005.95 1,068,088.47 -52,680.78 -66,917.48 -5.90% 35,836.00 3.39% 0.84%032525 DTD032520CALL@MW+45BP 100.43 1.09%
JOHN DEERE CAPITAL CORP 1,124,000.00 103.82 1,166,975.54 1,102,536.60 -26,040.07 -64,438.94 -5.52% 23,042.00 2.11% 0.87%02.050% 010925 DTD010920FC070920 NTS B/E

97.11 1.12%
JOHN DEERE CPTL CORP 2,000,000.00 100.14 2,002,788.76 1,822,895.56 -1,113.40 -179,893.20 -8.98% 14,000.00 0.77% 1.44%00.700% 011526 DTD010721FC071521 MED TERM NTS

90.82 1.86%
JPMORGAN CHASE & CO 1,200,000.00 100.00 1,200,000.00 1,073,805.33 0.00 -126,194.67 -10.52% 9,600.00 0.90% 0.85%00.800% 022626 DTD022621FC082621 MED TERM NTS

89.21 1.09%
JPMORGAN CHASE & CO B/E 1,017,000.00 105.16 1,069,473.61 1,019,578.38 -40,434.51 -49,895.23 -4.67% 31,781.25 3.16% 0.80%03.125% 012325 DTD012315FC072315

98.88 1.04%
MASTERCARD INC NTS B/E 2,000,000.00 102.30 2,045,901.52 1,945,031.11 -36,785.44 -100,870.41 -4.93% 40,000.00 2.07% 1.53%02.000% 030325 DTD120319FC030320 CALL@MW+10BP

96.60 1.98%
MICROSOFT CORP B/E 02.700% 1,000,000.00 105.56 1,055,607.39 1,001,685.00 -38,821.24 -53,922.39 -5.11% 27,000.00 2.72% 0.79%021225 DTD021215 FC081215CALL@MW+12.5BP

99.13 1.02%
MORGAN STANLEY FIN LLC 2,000,000.00 100.00 2,000,000.00 1,752,553.33 0.00 -247,446.67 -12.37% 21,000.00 1.20% 1.38%01.050% 082726 DTD082721FC022722 MED TERM NTS

87.27 1.78%
TARGET CORP NTS B/E 02.250% 2,000,000.00 103.81 2,076,186.42 1,948,360.00 -56,188.59 -127,826.42 -6.16% 45,000.00 2.32% 1.54%041525 DTD033120 FC101520CALL@MW+30BP

96.94 1.98%
TOYOTA MOTOR CRDT CORP 2,000,000.00 99.45 1,988,920.00 1,887,650.00 0.00 -101,270.00 -5.09% 12,500.00 0.66% 1.49%00.625% 091324 DTD091321FC031322 NTS B/E

94.20 1.92%
TRUIST BANK NTS B/E 02.150% 1,386,000.00 101.96 1,413,177.88 1,340,474.14 -25,201.98 -72,703.74 -5.14% 29,799.00 2.23% 1.06%120624 DTD120619 FC060620

96.57 1.36%
UNITED HEALTH GROUP INC 2,000,000.00 100.19 2,003,716.83 1,825,978.89 -1,045.78 -177,737.94 -8.87% 23,000.00 1.26% 1.44%01.150% 051526 DTD051921FC111521 CALL@MW+07.50BP

91.15 1.86%
Total Corporate IG Credit $30,371,753.36 $28,272,493.48 $-465,244.72 $-2,099,259.88 -6.91% $513,808.25 28.79% 1.82% 22.28%Total US $104,006,209.05 $98,203,618.36 $-481,378.29 $-5,802,590.69 -5.58% $1,389,230.75 100.00 1.41% 77.40% (1) Assets held at other financial institutions are included in this report. We have not verified, and are not responsible for, the accuracy or completeness of this information.Report created on: July 05, 2022 Page 15 of 31 Item #12. Page 18
Meeting Date: 8/23/2022 / Packet Page #: 147
Consolidated report prepared for City of Glendora
Portfolio holdings - as of July 01, 2022 (continued)
Unrealized
gain/loss ($)
Unrealized
gain/loss
Quantity (%)
Current
Cost basis ($) yield (%)
Est. annual
income ($)
Purchase
price ($) /
Avg Price Market value ($)
Amort/Accr.($)
Fixed Income as of 07/01/2022
Price on
07/01/2022
($)
% of
Fixed
Income
% of
Portfolio
Total Fixed Income $104,006,209.05 $98,203,618.36 $-481,378.29 $-5,802,590.69 -5.58% $1,389,230.75 100.00 1.41% 77.40% Total Portfolio $132,676,831.79 $126,874,241.10 $-5,802,590.69 -4.37% $1,389,230.75 1.09% 100% 100% Unrealized
gain/loss
(%)
Unrealized
gain/loss ($)
% of
asset
class
Est. annual
Cost basis ($) income ($)
Current
Market value ($) yield (%)
% of
Portfolio
Total accrued interest (included in market values): $292,182.04(1) Assets held at other financial institutions are included in this report. We have not verified, and are not responsible for, the accuracy or completeness of this information.Report created on: July 05, 2022 Page 16 of 31 Item #12. Page 19
Meeting Date: 8/23/2022 / Packet Page #: 148
Bond holdings
Consolidated report prepared for City of Glendora
as of July 01, 2022Summary of bond holdingsMaturityYear Yield to
maturity (%)
Yield to
worst (%)
Unrealized
Issues gain/loss ($) Mkt. value ($)
Est. annual
income ($)
Adjusted
cost basis ($)
Modified
duration
Current
Quantity yield (%) % of bond portfolio maturing
2022 8 1,960,000 43,977.50 2.24% 1.97 % 1.97 % 0.33 1,960,000 1,117.20 1,966,328.992023 16 5,635,000 104,905.00 1.89% 2.76 % 2.76 % 1.09 5,643,824.7 -87,610.90 5,566,352.002024 26 18,809,000 341,470.50 1.87% 3.20 % 3.20 % 2.10 18,892,267.66 -642,887.82 18,295,513.022025 49 42,840,000 504,558.75 1.25% 3.19 % 3.19 % 2.87 43,367,182.26 -2,990,270.53 40,504,095.632026 24 25,895,000 228,265.00 0.96% 3.58 % 3.56 % 3.74 25,841,802.97 -2,095,093.62 23,794,881.032027 8 8,440,000 166,054.00 2.07% 3.13 % 3.13 % 4.36 8,301,131.46 -280,027.06 8,076,447.692028 0 0 NA NA NA2029 0 0 NA NA NA2030 0 0 NA NA NA2031 0 0 NA NA NA2032 0 0 NA NA NA2033 0 0 NA NA NA2034 0 0 NA NA NA2035 0 0 NA NA NA2036 0 0 NA NA NA2037 0 0 NA NA NA2038 0 0 NA NA NA2039 0 0 NA NA NA2040 0 0 NA NA NA2041 0 0 NA NA NA2042 0 0 NA NA NA2043 0 0 NA NA NA2044 0 0 NA NA NA2045 0 0 NA NA NA2046 0 0 NA NA NA2047 0 0 NA NA NA2048 0 0 NA NA NA2049 0 0 NA NA NA2050 0 0 NA NA NA2051 0 0 NA NA NA2051 + 0 0 NA NA NAOther 0 0 NA NA NATotal 131 103,579,000 $1,389,230.75 1.42% 3.20 % 3.19 % 2.82 $104,006,209.05 $-6,094,772.73 $98,203,618.36Includes all fixed-rate securities in the selected portfolio. Average yields and durations exclude Structured Product, Pass-Through, Perpetual Preferred, and Foreign securities.Report created on: July 05, 2022 Page 17 of 31 Item #12. Page 20
Meeting Date: 8/23/2022 / Packet Page #: 149
Consolidated report prepared for City of Glendora
Bond holdings - as of July 01, 2022 (continued)
Effective rating/
Underlying rating
(Mdy/Fitch/S&P)
Mkt. value ($)/
Accr. interest ($)
Adjusted
cost basis ($)/
Unreal. g/l ($)
Call date/
Coupon Call price ($)
Modified
duration
YTM (%)/
YTW (%)
Est. annual
income ($)/
Quantity Curr. yield (%)
Effective
maturity
% of
bond
port.

Market
price ($)
Details of bond holdings

3.20%3.19%
07/13/2025 NA 2.82 $104,006,209. NA $97,911,436.32
$-6,094,772.73
103,579,00

1.42% $292,182.04

1.36% $1,389,230.75 100%
$98,203,618.36
Total Bond PortfolioMaturing 2022
Effective rating/
Underlying rating
(Mdy/Fitch/S&P) Quantity Coupon
Effective
maturity
Call date/
Call price ($)
Est. annual
income ($)/
Curr. yield (%)
YTM (%)/
YTW (%)
Modified
duration
Market
price ($)
Mkt. value ($)/
Accr. interest ($)
% of
bond
port.

Adjusted
cost basis ($)/
Unreal. g/l ($)
245,000 245,000.00 100.037
2,356.03

2.25%

2.25% 90.65
07/26/2022 0.07 245,090.65 0.25%

1.69%
BARCLAYS BK DE US RT 02.2500% 5,512.50 1.69%MAT 07/26/22 FIXED RATE CD /DE CD
245,000 245,000.00 100.064
2,255.68

2.35%

2.35% 156.80
08/08/2022 0.10 245,156.80 0.25%

1.72%
AMERICAN EXP CENT UT US RT 5,757.50 1.72%02.3500% MAT 08/08/22 FIXEDRATE CD /UT CD
245,000 245,000.00 100.085

28.86 2.15%

2.15% 208.25
09/29/2022 0.25 245,208.25 0.25%

1.80%
ALLEGIANCE BANK TX US RT 5,267.50 1.80%02.1500% MAT 09/29/22 FIXEDRATE CD /TX CD
245,000 245,000.00 100.043

43.29 2.15%

2.15% 105.35
11/28/2022 0.41 245,105.35 0.25%

2.04%
ENTERPRISE BK NE US RT 02.1500% 5,267.50 2.04%MAT 11/28/22 FIXED RATE CD /NE CD
245,000 245,000.00 100.143
257.75

2.40%

2.40% 350.35
11/30/2022 0.41 245,350.35 0.25%

2.05%
MOUNTAIN AMERICA C UT US RT 5,880.00 2.05%02.4000% MAT 11/30/22 FIXEDRATE CD /UT CD
245,000 245,000.00 100.130
257.75

2.40%

2.40% 318.50
12/15/2022 0.45 245,318.50 0.25%

2.11%
FIRST TECHNOLOGY F CA US RT 5,880.00 2.11%02.4000% MAT 12/15/22 FIXEDRATE CD /CA CD
245,000 245,000.00 100.114

0.00 2.40%

2.40% 279.30
12/29/2022 0.49 245,279.30 0.25%

2.17%
KNOXVILLE TVA EMPL TN US RT 5,880.00 2.17%02.4000% MAT 12/29/22 FIXEDRATE CD /TN CD
245,000 245,000.00 99.840

12.42 1.85%

1.85% -392.00
12/30/2022 0.50 244,608.00 0.25%

2.17%
WELLS FARGO NATL B NV US RT 4,532.50 2.17%01.8500% MAT 12/30/22 FIXEDRATE CD /NV CD
Total 2022 1,960,000 2.24% 11/01/2022 $43,977.50

2.24%

1.97%1.97%

0.33 $1,960,000.00
$1,117.20
$1,961,117.20
$5,211.79

2.00%
Maturing 2023
Effective rating/
Underlying rating
(Mdy/Fitch/S&P) Quantity Coupon
Effective
maturity
Call date/
Call price ($)
Est. annual
income ($)/
Curr. yield (%)
YTM (%)/
YTW (%)
Modified
duration
Market
price ($)
Mkt. value ($)/
Accr. interest ($)
% of
bond
port.

Adjusted
cost basis ($)/
Unreal. g/l ($)
245,000 245,000.00 100.229
3,041.69

2.65%

2.64% 561.05
01/11/2023 0.52 245,561.05 0.25%

2.21%
MORGAN STANLEY BK UT US RT 6,492.50 2.21%02.6500% MAT 01/11/23 FIXEDRATE CD /UT CD
Includes all fixed-rate securities in the selected portfolio. Average yields and durations exclude Structured Product, Pass-Through, Perpetual Preferred, and Foreign securities.Report created on: July 05, 2022 Page 18 of 31 Item #12. Page 21
Meeting Date: 8/23/2022 / Packet Page #: 150
Consolidated report prepared for City of Glendora
Bond holdings - as of July 01, 2022 (continued)Maturing 2023 Effective rating/
Underlying rating
(Mdy/Fitch/S&P) Quantity Coupon
Effective
maturity
Call date/
Call price ($)
Est. annual
income ($)/
Curr. yield (%)
YTM (%)/
YTW (%)
Modified
duration
Market
price ($)
Mkt. value ($)/
Accr. interest ($)
% of
bond
port.

Adjusted
cost basis ($)/
Unreal. g/l ($)
245,000 245,000.00 100.152
445.03

2.55%

2.55% 372.40
02/06/2023 0.60 245,372.40 0.25%

2.30%
MECHANICS COOPERAT MA US RT 6,247.50 2.30%02.5500% MAT 02/06/23 FIXEDRATE CD /MA CD
245,000 245,000.00 100.155

52.36 2.60%

2.60% 379.75
02/28/2023 0.66 245,379.75 0.25%

2.36%
GOLD COAST BANK IL US RT 6,370.00 2.36%02.6000% MAT 02/28/23 FIXEDRATE CD /IL CD
245,000 245,000.00 100.290
1,798.23

2.85%

2.84% 710.50
03/29/2023 0.73 245,710.50 0.25%

2.45%
CITIBANK NA SD US RT 02.8500% 6,982.50 2.45%MAT 03/29/23 FIXED RATE CD /SD CD
245,000 245,000.00 100.316
1,465.30

2.95%

2.94% 774.20
04/18/2023 0.78 245,774.20 0.25%

2.54%
GOLDMAN SACHS BANK NY US RT 7,227.50 2.54%02.9500% MAT 04/18/23 FIXEDRATE CD /NY CD
245,000 245,000.00 100.154
203.05

2.75%

2.75% 377.30
04/20/2023 0.79 245,377.30 0.25%

2.56%
ANN ARBOR ST BK MI US RT 6,737.50 2.56%02.7500% MAT 04/20/23 FIXEDRATE CD /MI CD
245,000 245,000.00 100.131

73.84 2.75%

2.75% 320.95
04/27/2023 0.81 245,320.95 0.25%

2.59%
SPRING BK NY US RT 02.7500% 6,737.50 2.59%MAT 04/27/23 FIXED RATE CD /NY CD
245,000 245,000.00 100.333

0.00 3.00%

2.99% 815.85
04/28/2023 0.81 245,815.85 0.25%

2.59%
UNIVERSITY OF IOWA IA US RT 7,350.00 2.59%03.0000% MAT 04/28/23 FIXEDRATE CD /IA CD
245,000 245,000.00 100.273
261.78

3.00%

2.99% 668.85
05/18/2023 0.87 245,668.85 0.25%

2.69%
CELTIC BK UT US RT 03.0000% 7,350.00 2.69%MAT 05/18/23 FIXED RATE CD /UT CD
245,000 245,000.00 100.339
124.85

3.10%

3.09% 830.55
05/25/2023 0.88 245,830.55 0.25%

2.72%
COMMERCIAL BK TN US RT 7,595.00 2.72%03.1000% MAT 05/25/23 FIXEDRATE CD /TN CD
245,000 245,000.00 100.314

42.96 3.20%

3.19% 769.30
06/29/2023 0.98 245,769.30 0.25%

2.88%
PRIME ALLIANCE BK UT US RT 7,840.00 2.88%03.2000% MAT 06/29/23 FIXEDRATE CD /UT CD
245,000 245,000.00 100.374
2,104.32

3.30%

3.29% 916.30
09/28/2023 1.20 245,916.30 0.25%

2.99%
NEIGHBORS FED CRED LA US RT 8,085.00 2.99%03.3000% MAT 09/28/23 FIXEDRATE CD /LA CD
245,000 245,000.00 98.204

11.08 1.65%

1.68% -4,400.20
10/31/2023 NA 240,599.80 0.25%
NA
MERRICK BK UT US RT 01.6500% 4,042.50 NAMAT 10/31/23 FIXED RATE CD /UT CD
245,000 245,000.00 98.125
376.56

1.70%

1.73% -4,593.75
11/29/2023 1.38 240,406.25 0.25%

3.06%
BAY ST SVGS BK MA US RT 4,165.00 3.06%01.7000% MAT 11/29/23 FIXEDRATE CD /MA CD
205,000 213,824.70 100.815

20.50 3.65%

3.62% -7,153.95
12/11/2023 1.40 206,670.75 0.21%

3.07%
VYSTAR CREDIT UNIO FL US RT 7,482.50 3.07%03.6500% MAT 12/11/23 LICUSHARE CERTIFICATE /FL CD
2,000,000 2,000,000.00 96.052
116.67

0.21%

0.22% -78,960.00
12/21/2023 1.45 1,921,040.00 1.96%

2.97%
4,200.00 2.97%

NR/NR/NR
FFCB BOND 00.210 % DUE 122123 Aaa/AAA/AA+DTD 122120 FC 06212021 Total 2023 5,635,000 1.89% 08/13/2023 $104,905.00

1.89%

2.76%2.76%

1.09 $5,643,824.70
$-87,610.90
$5,556,213.80
$10,138.20

5.67%
Includes all fixed-rate securities in the selected portfolio. Average yields and durations exclude Structured Product, Pass-Through, Perpetual Preferred, and Foreign securities.Report created on: July 05, 2022 Page 19 of 31 Item #12. Page 22
Meeting Date: 8/23/2022 / Packet Page #: 151
Consolidated report prepared for City of Glendora
Bond holdings - as of July 01, 2022 (continued)Maturing 2024 Effective rating/
Underlying rating
(Mdy/Fitch/S&P) Quantity Coupon
Effective
maturity
Call date/
Call price ($)
Est. annual
income ($)/
Curr. yield (%)
YTM (%)/
YTW (%)
Modified
duration
Market
price ($)
Mkt. value ($)/
Accr. interest ($)
% of
bond
port.

Adjusted
cost basis ($)/
Unreal. g/l ($)
245,000 245,000.00 99.539
2,659.09

2.85%

2.86% -1,129.45
02/12/2024 1.55 243,870.55 0.25%

3.14%
HOME SAVINGS BANK UT US RT 6,982.50 3.14%02.8500% MAT 02/12/24 FIXEDRATE CD /UT CD
245,000 245,000.00 99.531
306.08

2.85%

2.86% -1,149.05
02/15/2024 1.58 243,850.95 0.25%

3.15%
BANK OF NEW ENGLAN NH US RT 6,982.50 3.15%02.8500% MAT 02/15/24 FIXEDRATE CD /NH CD
245,000 245,000.00 99.516
210.43

2.85%

2.86% -1,185.80
02/21/2024 1.60 243,814.20 0.25%

3.15%
FIRST N/B MCGREG TX US RT 6,982.50 3.15%02.8500% MAT 02/21/24 FIXEDRATE CD /TX CD
245,000 245,000.00 98.227
1,063.23

2.20%

2.24% -4,343.85
04/17/2024 1.74 240,656.15 0.25%

3.22%
BEAL BANK - PLANO TX US RT 5,390.00 3.22%02.2000% MAT 04/17/24 FIXEDRATE CD /TX CD
1,664,000 1,731,373.50 99.333
6,378.67

3.00%

3.02% -78,472.38
05/15/2024 1.80 1,652,901.12 1.69%

3.37%
49,920.00 3.37%

NR/NR/NR
IBM CORP NTS B/E 03.000% A3/WD/A051524 DTD051519 FC111519CALL@MW+15BP 245,000 245,000.00 94.520

2.01 0.30%

0.32% -13,426.00
05/28/2024 1.90 231,574.00 0.24%

3.27%
CONNEXUS CREDIT UN WI US RT 735.00 3.27%00.3000% MAT 05/28/24 CREDITUNION SHARE CERT /WI CD
245,000 245,000.00 94.632

79.88 0.35%

0.37% -13,151.60
05/28/2024 07/28/2022 1.87 231,848.40 0.24%

3.28%3.28%
100.00
WEBBANK UT US RT 00.3500% 857.50MAT 05/28/24 FIXED RATE CD /UT CD
240,000 240,000.00 99.166
187.40

2.85%

2.87% -2,001.60
06/21/2024 12/21/2022 1.91 237,998.40 0.24%

3.29%3.29%
100.00
VALLEY STRONG CRED CA US RT 6,840.0002.8500% MAT 06/21/24 LICUSHARE CERTIFICATE /CA CD
245,000 245,000.00 97.993
2,265.41

2.25%

2.30% -4,917.15
06/28/2024 1.93 240,082.85 0.25%

3.30%
COMMUNITYWIDE FED IN US RT 5,512.50 3.30%02.2500% MAT 06/28/24 FIXEDRATE CD /IN CD
2,000,000 2,000,000.00 99.697
508.33

3.05%

3.06% -6,060.00
06/28/2024 09/28/2022 1.92 1,993,940.00 2.04%

3.21%3.21%
100.00
61,000.00

NR/NR/NR
FHLMC MED TERM NTS 03.050 % Aaa/NR/AA+DUE 062824 DTD 062822 FC12282022 245,000 245,000.00 99.903

43.63 3.25%

3.25% -237.65
07/01/2024 1.92 244,762.35 0.25%

3.30%
OCEANFIRST BK NA NJ US RT 7,962.50 3.30%03.2500% MAT 07/01/24 FIXEDRATE CD /NJ CD
1,122,000 1,151,465.67 98.460
9,748.93

2.30%

2.34% -46,744.47
08/15/2024 07/15/2024 2.03 1,104,721.20 1.13%

3.05%3.05%
100.00
25,806.00

NR/NR/NR
HONEYWELL INTL NTS B/E 02.300% A2/A/A081524 DTD080819CALL@MW+10BP 1,000,000 997,067.75 98.941
8,922.65

2.38%

2.40% -7,657.75
08/15/2024 2.04 989,410.00 1.01%

2.89%
23,750.00 2.89%

NR/NR/NR
US TSY NOTE 02.375 % DUE Aaa/AAA/NR08/15/24 DTD 08/15/14 FC02/15/15 245,000 245,000.00 97.299
1,731.78

2.00%

2.06% -6,617.45
08/22/2024 2.06 238,382.55 0.24%

3.31%
MORGAN STANLEY PRV NY US RT 4,900.00 3.31%02.0000% MAT 08/22/24 FIXEDRATE CD /NY CD
245,000 245,000.00 96.938

12.42 1.85%

1.91% -7,501.90
08/30/2024 2.12 237,498.10 0.24%

3.32%
FIRST NATL BK KS US RT 01.8500% 4,532.50 3.32%MAT 08/30/24 FIXED RATE CD /KS CD
Includes all fixed-rate securities in the selected portfolio. Average yields and durations exclude Structured Product, Pass-Through, Perpetual Preferred, and Foreign securities.Report created on: July 05, 2022 Page 20 of 31 Item #12. Page 23
Meeting Date: 8/23/2022 / Packet Page #: 152
Consolidated report prepared for City of Glendora
Bond holdings - as of July 01, 2022 (continued)Maturing 2024 Effective rating/
Underlying rating
(Mdy/Fitch/S&P) Quantity Coupon
Effective
maturity
Call date/
Call price ($)
Est. annual
income ($)/
Curr. yield (%)
YTM (%)/
YTW (%)
Modified
duration
Market
price ($)
Mkt. value ($)/
Accr. interest ($)
% of
bond
port.

Adjusted
cost basis ($)/
Unreal. g/l ($)
245,000 245,000.00 96.834

12.08 1.80%

1.86% -7,756.70
08/30/2024 2.12 237,243.30 0.24%

3.32%
FIRST ST BK AR US RT 01.8000% 4,410.00 3.32%MAT 08/30/24 FIXED RATE CD /AR CD
2,000,000 1,988,920.00 94.195
3,750.00

0.63%

0.66% -105,020.00
09/13/2024 2.15 1,883,900.00 1.92%

3.39%
12,500.00 3.39%

NR/NR/NR
TOYOTA MOTOR CRDT CORP A1/A+/A+00.625% 091324 DTD091321FC031322 NTS B/E 2,000,000 2,000,000.00 94.492
2,395.56

0.44%

0.47% -110,160.00
09/23/2024 09/23/2022 2.18 1,889,840.00 1.93%

3.01%3.01%
100.00
8,800.00

NR/NR/NR
FFCB BOND 00.440 % DUE 092324 Aaa/AAA/AA+DTD 092321 FC 03232022 248,000 256,226.36 97.173
1,358.90

2.00%

2.06% -15,237.32
09/23/2024 2.15 240,989.04 0.25%

3.32%
MONEY ONE FED CRED MD US RT 4,960.00 3.32%02.0000% MAT 09/23/24 FIXEDRATE CD /MD CD
219,000 219,000.00 96.338

10.20 1.70%

1.76% -8,019.78
10/31/2024 NA 210,980.22 0.22%
NA
CITIZENS ST BK CLA WI US RT 3,723.00 NA01.7000% MAT 10/31/24 FIXEDRATE CD /WI CD
245,000 245,000.00 96.540
652.44

1.80%

1.86% -8,477.00
11/08/2024 2.27 236,523.00 0.24%

3.34%
RAYMOND JAMES BK N FL US RT 4,410.00 3.34%01.8000% MAT 11/08/24 FIXEDRATE CD /FL CD
245,000 245,000.00 96.807
484.29

1.95%

2.01% -7,822.85
11/25/2024 2.32 237,177.15 0.24%

3.34%
THIRD FED S&L ASSN OH US RT 4,777.50 3.34%01.9500% MAT 11/25/24 FIXEDRATE CD /OH CD
245,000 245,000.00 96.319

23.49 1.75%

1.82% -9,018.45
11/29/2024 2.36 235,981.55 0.24%

3.34%
MCHENRY SVGS BK IL US RT 4,287.50 3.34%01.7500% MAT 11/29/24 FIXEDRATE CD /IL CD
1,386,000 1,413,177.88 96.566
2,069.38

2.15%

2.23% -74,773.12
12/06/2024 11/06/2024 2.33 1,338,404.76 1.37%

3.64%3.64%
100.00
29,799.00

NR/NR/NR
TRUIST BANK NTS B/E 02.150% A2/A+/A120624 DTD120619 FC060620 2,000,000 2,000,000.00 95.220
1,185.56

0.97%

1.02% -95,600.00
12/09/2024 12/09/2022 2.38 1,904,400.00 1.95%

3.02%3.02%
100.00
19,400.00

NR/NR/NR
FEDERAL FARM CREDIT BANK Aaa/AAA/AA+00.970 % DUE 120924 DTD120921 FC 06092022 1,500,000 1,465,036.50 97.242

71.33 1.75%

1.80% -6,406.50
12/31/2024 2.42 1,458,630.00 1.49%

2.90%
26,250.00 2.90%

NR/NR/NR
US TSY NOTE 01.750 % DUE NR/AAA/NR12/31/24 DTD 12/31/19 FC06/30/20 Total 2024 18,809,000 1.83% 09/02/2024 $341,470.50

1.87%

3.20%3.20%

2.10 $18,892,267.6
$-642,887.82
$18,249,379.84
$46,133.18

18.64%
Maturing 2025
Effective rating/
Underlying rating
(Mdy/Fitch/S&P) Quantity Coupon
Effective
maturity
Call date/
Call price ($)
Est. annual
income ($)/
Curr. yield (%)
YTM (%)/
YTW (%)
Modified
duration
Market
price ($)
Mkt. value ($)/
Accr. interest ($)
% of
bond
port.

Adjusted
cost basis ($)/
Unreal. g/l ($)
1,124,000 1,166,975.54 97.111
11,008.96

2.05%

2.11% -75,447.90
01/09/2025 2.41 1,091,527.64 1.11%

3.25%
23,042.00 3.25%

NR/NR/NR
JOHN DEERE CAPITAL CORP A2/A/A02.050% 010925 DTD010920FC070920 NTS B/E 1,017,000 1,069,473.61 98.882
13,948.44

3.13%

3.16% -63,843.67
01/23/2025 10/23/2024 2.40 1,005,629.94 1.03%

3.59%3.59%
100.00
31,781.25

NR/NR/NR
JPMORGAN CHASE & CO B/E A2/AA-/A03.125% 012325 DTD012315FC072315Includes all fixed-rate securities in the selected portfolio. Average yields and durations exclude Structured Product, Pass-Through, Perpetual Preferred, and Foreign securities.Report created on: July 05, 2022 Page 21 of 31 Item #12. Page 24
Meeting Date: 8/23/2022 / Packet Page #: 153
Consolidated report prepared for City of Glendora
Bond holdings - as of July 01, 2022 (continued)Maturing 2025 Effective rating/
Underlying rating
(Mdy/Fitch/S&P) Quantity Coupon
Effective
maturity
Call date/
Call price ($)
Est. annual
income ($)/
Curr. yield (%)
YTM (%)/
YTW (%)
Modified
duration
Market
price ($)
Mkt. value ($)/
Accr. interest ($)
% of
bond
port.

Adjusted
cost basis ($)/
Unreal. g/l ($)
1,000,000 1,055,607.39 99.126
10,425.00

2.70%

2.72% -64,347.39
02/12/2025 11/12/2024 2.48 991,260.00 1.01%

3.05%3.05%
100.00
27,000.00

NR/NR/NR
MICROSOFT CORP B/E 02.700% Aaa/AAA/AAA021225 DTD021215 FC081215CALL@MW+12.5BP 245,000 245,000.00 95.520

42.96 1.60%

1.68% -10,976.00
02/27/2025 2.60 234,024.00 0.24%

3.36%
BELL ST B&T ND US RT 01.6000% 3,920.00 3.36%MAT 02/27/25 FIXED RATE CD /ND CD
245,000 245,000.00 95.647

44.30 1.65%

1.73% -10,664.85
02/27/2025 2.60 234,335.15 0.24%

3.36%
CITADEL FED CREDIT PA US RT 4,042.50 3.36%01.6500% MAT 02/27/25 CREDITUNION SHARE CERT /PA CD
2,000,000 2,045,901.52 96.596
13,111.11

2.00%

2.07% -113,981.52
03/03/2025 02/03/2025 2.55 1,931,920.00 1.97%

3.34%3.34%
100.00
40,000.00

NR/NR/NR
MASTERCARD INC NTS B/E A1/NR/A+02.000% 030325 DTD120319FC030320 CALL@MW+10BP 245,000 245,281.54 96.013
1,437.78

1.80%

1.87% -10,049.69
03/04/2025 2.56 235,231.85 0.24%

3.37%
BMW BANK NORTH AME UT US RT 4,410.00 3.37%01.8000% MAT 03/04/25 FIXEDRATE CD /UT CD
245,000 245,000.00 93.852

80.55 1.00%

1.07% -15,062.60
03/19/2025 2.67 229,937.40 0.23%

3.37%
SOMERSET TRUST CO PA US RT 2,450.00 3.37%01.0000% MAT 03/19/25 FIXEDRATE CD /PA CD
1,054,000 1,135,005.95 100.430
9,556.27

3.40%

3.39% -76,473.75
03/25/2025 02/25/2025 2.49 1,058,532.20 1.08%

3.23%3.23%
100.00
35,836.00

NR/NR/NR
INTEL CORP NTS B/E 03.400% A1/A+/A+032525 DTD032520CALL@MW+45BP 245,000 245,000.00 96.434
1,315.62

2.00%

2.07% -8,736.70
03/25/2025 2.61 236,263.30 0.24%

3.38%
SYNCHRONY BANK UT US RT 4,900.00 3.38%02.0000% MAT 03/25/25 FIXEDRATE CD /UT CD
245,000 245,000.00 94.060

29.53 1.10%

1.17% -14,553.00
03/27/2025 2.69 230,447.00 0.24%

3.38%
SAN FRANCISCO FED CA US RT 2,695.00 3.38%01.1000% MAT 03/27/25 LICUSHARE CERTIFICATE /CA CD
245,000 245,000.00 94.474
139.62

1.30%

1.38% -13,538.70
04/15/2025 2.73 231,461.30 0.24%

3.38%
HORIZON BK NE US RT 01.3000% 3,185.00 3.38%MAT 04/15/25 FIXED RATE CD /NE CD
2,000,000 2,076,186.42 96.943
9,500.00

2.25%

2.32% -137,326.42
04/15/2025 03/15/2025 2.66 1,938,860.00 1.98%

3.41%3.41%
100.00
45,000.00

NR/NR/NR
TARGET CORP NTS B/E 02.250% A2/A/A041525 DTD033120 FC101520CALL@MW+30BP 245,000 245,000.00 94.626
688.68

1.35%

1.43% -13,166.30
04/16/2025 2.70 231,833.70 0.24%

3.38%
PACIFIC WSTN BK CA US RT 3,307.50 3.38%01.3500% MAT 04/16/25 FIXEDRATE CD /CA CD
2,000,000 2,000,000.00 93.728
2,761.11

0.71%

0.76% -125,440.00
04/21/2025 2.74 1,874,560.00 1.91%

3.06%
14,200.00 3.06%

NR/NR/NR
FFCB BOND 00.710 % DUE 042125 Aaa/AAA/AA+DTD 042121 FC 10212021 245,000 245,000.00 93.606
416.16

1.00%

1.07% -15,665.30
04/30/2025 2.75 229,334.70 0.23%

3.39%
CENTERSTATE BK NA FL US RT 2,450.00 3.39%01.0000% MAT 04/30/25 FIXEDRATE CD /FL CD
245,000 245,000.00 93.740
436.97

1.05%

1.12% -15,337.00
04/30/2025 2.74 229,663.00 0.23%

3.39%
FLAGSTAR BANK, FSB MI US RT 2,572.50 3.39%01.0500% MAT 04/30/25 FIXEDRATE CD /MI CD
Includes all fixed-rate securities in the selected portfolio. Average yields and durations exclude Structured Product, Pass-Through, Perpetual Preferred, and Foreign securities.Report created on: July 05, 2022 Page 22 of 31 Item #12. Page 25
Meeting Date: 8/23/2022 / Packet Page #: 154
Consolidated report prepared for City of Glendora
Bond holdings - as of July 01, 2022 (continued)Maturing 2025 Effective rating/
Underlying rating
(Mdy/Fitch/S&P) Quantity Coupon
Effective
maturity
Call date/
Call price ($)
Est. annual
income ($)/
Curr. yield (%)
YTM (%)/
YTW (%)
Modified
duration
Market
price ($)
Mkt. value ($)/
Accr. interest ($)
% of
bond
port.

Adjusted
cost basis ($)/
Unreal. g/l ($)
245,000 245,000.00 94.115

8.05 1.20%

1.28% -14,418.25
04/30/2025 2.77 230,581.75 0.24%

3.38%
PACIFIC CREST SVGS WA US RT 2,940.00 3.38%01.2000% MAT 04/30/25 FIXEDRATE CD /WA CD
245,000 245,000.00 92.943

96.66 0.80%

0.86% -17,289.65
05/13/2025 2.82 227,710.35 0.23%

3.39%
SAVOY BK NY US RT 00.8000% 1,960.00 3.39%MAT 05/13/25 FIXED RATE CD /NY CD
2,026,000 2,069,069.42 94.582
3,753.73

1.45%

1.53% -152,838.10
05/15/2025 2.77 1,916,231.32 1.96%

3.45%
29,377.00 3.45%

NR/NR/NR
CATERPILLAR FINL SERVICE A2/A/A01.450% 051525 DTD051520FC111520 CALL@MW+20BP 245,000 245,000.00 92.929

85.92 0.80%

0.86% -17,323.95
05/15/2025 2.83 227,676.05 0.23%

3.39%
ENCORE BANK AR US RT 00.8000% 1,960.00 3.39%MAT 05/15/25 FIXED RATE CD /AR CD
2,000,000 2,000,000.00 93.514
1,586.67

0.68%

0.73% -129,720.00
05/19/2025 2.81 1,870,280.00 1.91%

3.05%
13,600.00 3.05%

NR/NR/NR
FFCB BOND 00.680 % DUE 051925 Aaa/AAA/AA+DTD 051921 FC 11192021 2,000,000 2,000,000.00 93.293
1,287.78

0.61%

0.65% -134,140.00
05/23/2025 2.83 1,865,860.00 1.91%

3.05%
12,200.00 3.05%

NR/NR/NR
FFCB BOND 00.610 % DUE 052325 Aaa/AAA/AA+DTD 082321 FC 11232021 2,000,000 2,000,000.00 93.326
1,338.33

0.73%

0.78% -133,480.00
05/28/2025 08/28/2022 2.84 1,866,520.00 1.91%

3.15%3.15%
100.00
14,600.00

NR/NR/NR
FHLMC MED TERM NTS 00.730 % Aaa/AAA/NRDUE 052825 DTD 052820 FC11282020 1,000,000 1,002,837.39 93.435
622.22

0.80%

0.86% -68,487.39
06/03/2025 05/03/2025 2.85 934,350.00 0.95%

3.17%3.17%
100.00
8,000.00

NR/NR/NR
AMAZON COM INC NTS B/E A1/AA-/AA00.800% 060325 DTD060320CALL@MW+10BP 245,000 245,000.00 93.368

84.58 0.60%

0.64% -16,248.40
06/10/2025 2.88 228,751.60 0.23%

2.97%
STOCKMAN BK MT US RT 1,470.00 2.97%00.6000% MAT 06/10/25 FIXEDRATE CD /MT CD
2,000,000 2,000,000.00 93.371
500.00

0.60%

0.64% -132,580.00
06/16/2025 2.89 1,867,420.00 1.91%

2.96%
12,000.00 2.96%

NR/NR/NR
FFCB BOND 00.600 % DUE 061625 Aaa/AAA/AA+DTD 061621 FC 12162021 245,000 245,000.00 92.543

52.36 0.65%

0.70% -18,269.65
06/19/2025 2.93 226,730.35 0.23%

3.29%
ENERBANK UT US RT 00.6500% 1,592.50 3.29%MAT 06/19/25 FIXED RATE CD /UT CD
245,000 245,000.00 92.540

48.33 0.60%

0.65% -18,277.00
06/19/2025 2.93 226,723.00 0.23%

3.24%
MORTON CMNTY BK IL US RT 1,470.00 3.24%00.6000% MAT 06/19/25 FIXEDRATE CD /IL CD
245,000 245,000.00 92.486

20.14 0.60%

0.65% -18,409.30
06/26/2025 2.95 226,590.70 0.23%

3.24%
FIRST CAROLINA BK NC US RT 1,470.00 3.24%00.6000% MAT 06/26/25 FIXEDRATE CD /NC CD
2,000,000 2,000,000.00 93.326

34.72 0.63%

0.67% -133,480.00
06/30/2025 06/30/2023 2.93 1,866,520.00 1.91%

2.97%2.97%
100.00
12,500.00

NR/NR/NR
FHLB BOND 00.625 % DUE 063025 Aaa/NR/AA+DTD 063021 FC 12302021 2,141,000 2,189,172.66 94.423
16,783.06

1.70%

1.80% -167,576.23
07/15/2025 06/15/2025 2.90 2,021,596.43 2.06%

3.66%3.66%
100.00
36,397.00

NR/NR/NR
E I DU PONT DE NEMOURS A3/A/A01.700% 071525 DTD051520FC011521 CALL@MW+25BP 1,000,000 998,500.00 93.056
2,194.44

0.50%

0.54% -67,940.00
07/23/2025 2.99 930,560.00 0.95%

2.89%
5,000.00 2.89%

NR/NR/NR
FHLMC MED TERM NTS 00.500 % Aaa/AAA/NRDUE 072325 DTD 072320 FC01232021Includes all fixed-rate securities in the selected portfolio. Average yields and durations exclude Structured Product, Pass-Through, Perpetual Preferred, and Foreign securities.Report created on: July 05, 2022 Page 23 of 31 Item #12. Page 26
Meeting Date: 8/23/2022 / Packet Page #: 155
Consolidated report prepared for City of Glendora
Bond holdings - as of July 01, 2022 (continued)Maturing 2025 Effective rating/
Underlying rating
(Mdy/Fitch/S&P) Quantity Coupon
Effective
maturity
Call date/
Call price ($)
Est. annual
income ($)/
Curr. yield (%)
YTM (%)/
YTW (%)
Modified
duration
Market
price ($)
Mkt. value ($)/
Accr. interest ($)
% of
bond
port.

Adjusted
cost basis ($)/
Unreal. g/l ($)
245,000 245,000.00 91.688

3.69 0.55%

0.60% -20,364.40
07/30/2025 3.04 224,635.60 0.23%

3.40%
MEDALLION BK UT US RT 1,347.50 3.40%00.5500% MAT 07/30/25 FIXEDRATE CD /UT CD
1,000,000 999,950.00 92.830
1,902.78

0.50%

0.54% -71,650.00
08/14/2025 08/14/2023 3.05 928,300.00 0.95%

2.92%2.92%
100.00
5,000.00

NR/NR/NR
FNMA NTS 00.500 % DUE 081425 Aaa/AAA/AA+DTD 081420 FC 02142021 1,000,000 1,080,220.82 99.222
12,750.00

3.38%

3.40% -88,000.82
08/15/2025 05/15/2025 2.90 992,220.00 1.01%

3.64%3.64%
100.00
33,750.00

NR/NR/NR
COMCAST CORP NEW B/E A3/A-/A03.375% 081525 DTD052715FC081515 CALL@MW+20BP 245,000 245,000.00 91.067

13.42 0.40%

0.44% -21,885.85
08/26/2025 3.12 223,114.15 0.23%

3.39%
COMMUNITY BK TN US RT 980.00 3.39%00.4000% MAT 08/26/25 FIXEDRATE CD /TN CD
245,000 245,000.00 91.053

8.05 0.40%

0.44% -21,920.15
08/28/2025 3.13 223,079.85 0.23%

3.39%
BANK3 TENNESSEE TN US RT 980.00 3.39%00.4000% MAT 08/28/25 FIXEDRATE CD /TN CD
245,000 245,000.00 91.038

0.00 0.40%

0.44% -21,956.90
08/29/2025 3.13 223,043.10 0.23%

3.39%
HOME LN INVT BK RI US RT 980.00 3.39%00.4000% MAT 08/29/25 FIXEDRATE CD /RI CD
2,000,000 2,000,000.00 92.830
3,886.67

0.66%

0.71% -143,400.00
09/15/2025 09/15/2022 3.12 1,856,600.00 1.90%

3.02%3.02%
100.00
13,200.00

NR/NR/NR
FFCB BOND 00.660 % DUE 091525 Aaa/AAA/AA+DTD 091521 FC 03152022 245,000 245,000.00 90.885

24.16 0.40%

0.44% -22,331.75
09/22/2025 09/22/2022 3.20 222,668.25 0.23%

3.39%3.39%
100.00
AMERICAN COMM BK GA US RT 980.0000.4000% MAT 09/22/25 FIXEDRATE CD /GA CD
108,000 108,000.00 90.930
104.60

0.35%

0.38% -9,795.60
09/22/2025 3.16 98,204.40 0.10%

3.34%
CHAMBERS BANK AK US RT 378.00 3.34%00.3500% MAT 09/22/25 FIXEDRATE CD /AK CD
245,000 245,000.00 91.153

6.71 0.50%

0.55% -21,675.15
09/29/2025 09/29/2022 3.19 223,324.85 0.23%

3.39%3.39%
100.00
USALLIANCE FED CRE NY US RT 1,225.0000.5000% MAT 09/29/25 FIXEDRATE CD /NY CD
245,000 245,000.00 91.792
432.27

0.70%

0.76% -20,109.60
09/30/2025 09/30/2022 3.16 224,890.40 0.23%

3.39%3.39%
100.00
JPMORGAN CHASE BK OH US RT 1,715.0000.7000% MAT 09/30/25 FIXEDRATE CD /OH CD
245,000 245,000.00 90.758

32.22 0.60%

0.66% -22,642.90
10/23/2025 07/23/2022 3.27 222,357.10 0.23%

3.56%3.56%
100.00
TEXAS EXCHANGE BK TX US RT 1,470.0000.6000% MAT 10/23/25 FIXEDRATE CD /TX CD
2,000,000 2,000,000.00 92.460
1,920.00

0.54%

0.58% -150,800.00
10/27/2025 10/27/2022 3.24 1,849,200.00 1.89%

2.94%2.94%
100.00
10,800.00

NR/NR/NR
FNMA NTS 00.540 % DUE 102725 Aaa/AAA/AA+DTD 102720 FC 04272021 2,000,000 2,000,000.00 92.406
1,368.89

0.56%

0.61% -151,880.00
11/17/2025 11/17/2022 3.30 1,848,120.00 1.89%

2.94%2.94%
100.00
11,200.00

NR/NR/NR
FNMA NTS 00.560 % DUE 111725 Aaa/AAA/AA+DTD 111720 FC 05172021 2,000,000 2,000,000.00 92.304
1,233.33

0.60%

0.65% -153,920.00
11/24/2025 3.31 1,846,080.00 1.89%

3.00%
12,000.00 3.00%

NR/NR/NR
FFCB BOND 00.600 % DUE 112425 Aaa/AAA/AA+DTD 112420 FC 05242021 245,000 245,000.00 90.674

57.05 0.50%

0.55% -22,848.70
12/15/2025 3.37 222,151.30 0.23%

3.38%
BK HAPOALIM BM NY US RT 1,225.00 3.38%00.5000% MAT 12/15/25 FIXEDRATE CD /NY CD
Total 2025 42,840,000 1.20% 06/18/2025 $504,558.75

1.25%

3.19%3.19%

2.87 $43,367,182.2
$-2,990,270.53
$40,376,911.73
$127,183.90

41.24%
Includes all fixed-rate securities in the selected portfolio. Average yields and durations exclude Structured Product, Pass-Through, Perpetual Preferred, and Foreign securities.Report created on: July 05, 2022 Page 24 of 31 Item #12. Page 27
Meeting Date: 8/23/2022 / Packet Page #: 156
Consolidated report prepared for City of Glendora
Bond holdings - as of July 01, 2022 (continued)Maturing 2026 Effective rating/
Underlying rating
(Mdy/Fitch/S&P) Quantity Coupon
Effective
maturity
Call date/
Call price ($)
Est. annual
income ($)/
Curr. yield (%)
YTM (%)/
YTW (%)
Modified
duration
Market
price ($)
Mkt. value ($)/
Accr. interest ($)
% of
bond
port.

Adjusted
cost basis ($)/
Unreal. g/l ($)
2,000,000 2,002,788.76 90.822
6,455.56

0.70%

0.77% -186,348.76
01/15/2026 3.43 1,816,440.00 1.86%

3.48%
14,000.00 3.48%

NR/NR/NR
JOHN DEERE CPTL CORP 00.700% A2/A/A011526 DTD010721 FC071521MED TERM NTS 1,200,000 1,200,000.00 89.206
3,333.33

0.80%

0.90% -129,528.00
02/26/2026 02/26/2024 3.52 1,070,472.00 1.09%

4.01%4.01%
100.00
9,600.00

NR/NR/NR
JPMORGAN CHASE & CO 00.800% A2/AA-/A022626 DTD022621 FC082621MED TERM NTS 2,000,000 1,989,860.00 90.315
5,500.00

0.90%

1.00% -183,560.00
03/11/2026 02/11/2026 3.56 1,806,300.00 1.84%

3.73%3.73%
100.00
18,000.00

NR/NR/NR
CHARLES SCHWAB CORP NTS A2/A/A00.900% 031126 DTD121120FC031121 CALL@MW+10BP 245,000 245,000.00 91.082

69.81 0.80%

0.88% -21,849.10
03/18/2026 09/18/2022 3.63 223,150.90 0.23%

3.37%3.37%
100.00
BMO HARRIS BK NA IL US RT 1,960.0000.8000% MAT 03/18/26 FIXEDRATE CD /IL CD
245,000 245,000.00 91.421
592.03

0.90%

0.98% -21,018.55
03/25/2026 3.61 223,981.45 0.23%

3.36%
STATE BANK OF INDI NY US RT 2,205.00 3.36%00.9000% MAT 03/25/26 FIXEDRATE CD /NY CD
2,000,000 2,000,000.00 93.934
5,308.33

1.05%

1.12% -121,320.00
03/30/2026 NA 1,878,680.00 1.92%
NA
21,000.00 NA

NR/NR/NR
FHLB NTS 1.0500% DUE 033026 Aaa/NR/AA+DTD 033021 FC 09302021 245,000 245,000.00 91.524

6.38 0.95%

1.04% -20,766.20
03/31/2026 07/31/2022 NA 224,233.80 0.23%
NANA
100.00
BANKUNITED NA FLOR FL US RT 2,327.5000.9500% MAT 03/31/26 FIXEDRATE CD /FL CD
245,000 245,000.00 91.435

0.00 0.95%

1.04% -20,984.25
04/16/2026 3.71 224,015.75 0.23%

3.36%
GREENSTATE CREDIT IA US RT 2,327.50 3.36%00.9500% MAT 04/16/26 FIXEDRATE CD /IA CD
245,000 245,000.00 91.274
422.88

0.90%

0.99% -21,378.70
04/22/2026 3.68 223,621.30 0.23%

3.36%
TOYOTA FINL SVG BK NV US RT 2,205.00 3.36%00.9000% MAT 04/22/26 FIXEDRATE CD /NV CD
2,000,000 2,000,000.00 94.284
1,277.78

0.50%

0.53% -114,320.00
05/15/2026 05/15/2023 NA 1,885,680.00 1.93%
NANA
100.00
10,000.00

NR/NR/NR
INTL FIN CORP NTS 00.500 % DUE Aaa/NR/AAA051526 DTD 052821 FC 11152021 2,000,000 2,003,716.83 91.152
2,938.89

1.15%

1.26% -180,676.83
05/15/2026 04/15/2026 3.72 1,823,040.00 1.86%

3.62%3.62%
100.00
23,000.00

NR/NR/NR
UNITED HEALTH GROUP INC A3/A/A+01.150% 051526 DTD051921FC111521 CALL@MW+07.50BP 245,000 245,000.00 90.751

85.58 0.85%

0.94% -22,660.05
06/16/2026 12/16/2022 3.88 222,339.95 0.23%

3.35%3.35%
100.00
UBS BANK UT US RT 00.8500% 2,082.50MAT 06/16/26 FIXED RATE CD /UT CD
245,000 245,000.00 100.475

23.83 3.55%

3.53% 1,163.75
06/30/2026 12/30/2022 0.49 246,163.75 0.25%

2.58%3.42%
100.00
ALLY BK UT US RT 03.5500% MAT 8,697.5006/30/26 FIXED RATE CD /UT CD
2,000,000 2,000,000.00 93.473

41.67 0.75%

0.80% -130,540.00
06/30/2026 09/30/2022 NA 1,869,460.00 1.91%
NANA
100.00
15,000.00

NR/NR/NR
FHLB BOND STEP-UP 00.750 % DUE Aaa/NR/AA+063026 DTD 063021 FC 12302021 2,000,000 2,000,000.00 94.308

41.67 0.75%

0.80% -113,840.00
06/30/2026 09/30/2022 NA 1,886,160.00 1.93%
NANA
100.00
15,000.00

NR/NR/NR
FHLB NTS 0.7500% DUE 063026 Aaa/NR/AA+DTD 063021 FC 12302021 245,000 245,000.00 90.151

4.70 0.70%

0.78% -24,130.05
07/01/2026 3.88 220,869.95 0.23%

3.35%
NEW YORK CMNTY BK NY US RT 1,715.00 3.35%00.7000% MAT 07/01/26 FIXEDRATE CD /NY CD
Includes all fixed-rate securities in the selected portfolio. Average yields and durations exclude Structured Product, Pass-Through, Perpetual Preferred, and Foreign securities.Report created on: July 05, 2022 Page 25 of 31 Item #12. Page 28
Meeting Date: 8/23/2022 / Packet Page #: 157
Consolidated report prepared for City of Glendora
Bond holdings - as of July 01, 2022 (continued)Maturing 2026 Effective rating/
Underlying rating
(Mdy/Fitch/S&P) Quantity Coupon
Effective
maturity
Call date/
Call price ($)
Est. annual
income ($)/
Curr. yield (%)
YTM (%)/
YTW (%)
Modified
duration
Market
price ($)
Mkt. value ($)/
Accr. interest ($)
% of
bond
port.

Adjusted
cost basis ($)/
Unreal. g/l ($)
1,000,000 968,385.25 91.886
4,025.00

1.05%

1.14% -49,525.25
08/13/2026 07/13/2022 3.96 918,860.00 0.94%

3.17%3.17%
100.00
10,500.00

NR/NR/NR
FHLB BOND 01.050 % DUE 081326 Aaa/NR/AA+DTD 081321 FC 02132022 245,000 245,000.00 90.182

0.00 0.80%

0.89% -24,054.10
08/13/2026 4.03 220,945.90 0.23%

3.36%
LIVE OAK BKG CO NC US RT 1,960.00 3.36%00.8000% MAT 08/13/26 FIXEDRATE CD /NC CD
2,000,000 2,000,000.00 91.092
3,472.22

0.50%

0.55% -178,160.00
08/26/2026 08/26/2022 NA 1,821,840.00 1.86%
NANA
100.00
10,000.00

NR/NR/NR
FHLB NTS 00.500 % DUE 082626 Aaa/NR/AA+DTD 082621 FC 02262022 2,000,000 2,000,000.00 87.266
7,233.33

1.05%

1.20% -254,680.00
08/27/2026 08/27/2023 3.97 1,745,320.00 1.78%

4.44%4.44%
100.00
21,000.00

NR/NR/NR
MORGAN STANLEY FIN LLC A1/A/A01.050% 082726 DTD082721FC022722 MED TERM NTS 2,000,000 2,000,000.00 91.094
4,856.67

0.94%

1.03% -178,120.00
09/28/2026 09/28/2022 4.09 1,821,880.00 1.86%

3.20%3.20%
100.00
18,800.00

NR/NR/NR
FFCB NTS 00.940 % DUE 092826 Aaa/AAA/AA+DTD 092821 FC 03282022 1,000,000 982,052.13 92.758
1,895.38

1.13%

1.21% -54,472.13
10/31/2026 4.17 927,580.00 0.95%

2.92%
11,250.00 2.92%

NR/NR/NR
US TSY NOTE 01.125 % DUE NR/AAA/NR10/31/26 DTD 10/31/21 FC04/30/22 245,000 245,000.00 90.954
293.33

1.15%

1.26% -22,162.70
11/24/2026 4.22 222,837.30 0.23%

3.38%
CAPITAL ONE BK USA VA US RT 2,817.50 3.38%01.1500% MAT 11/24/26 FIXEDRATE CD /VA CD
245,000 245,000.00 90.954
293.33

1.15%

1.26% -22,162.70
11/24/2026 4.22 222,837.30 0.23%

3.38%
CAPITAL ONE NA VA US RT 2,817.50 3.38%01.1500% MAT 11/24/26 FIXEDRATE CD /VA CD
Total 2026 25,895,000 0.88% 06/10/2026 $228,265.00

0.96%

3.58%3.56%

3.74 $25,841,802.9
$-2,095,093.62
$23,746,709.35
$48,171.68

24.25%
Maturing 2027
Effective rating/
Underlying rating
(Mdy/Fitch/S&P) Quantity Coupon
Effective
maturity
Call date/
Call price ($)
Est. annual
income ($)/
Curr. yield (%)
YTM (%)/
YTW (%)
Modified
duration
Market
price ($)
Mkt. value ($)/
Accr. interest ($)
% of
bond
port.

Adjusted
cost basis ($)/
Unreal. g/l ($)
2,000,000 2,000,000.00 94.746
15,844.44

1.84%

1.94% -105,080.00
01/26/2027 4.30 1,894,920.00 1.94%

3.08%
36,800.00 3.08%

NR/NR/NR
FFCB BOND 01.840 % DUE 012627 Aaa/AAA/AA+DTD 012622 FC 07262022 2,000,000 2,000,000.00 94.898
13,943.33

1.78%

1.88% -102,040.00
02/10/2027 02/10/2023 4.34 1,897,960.00 1.94%

2.97%2.97%
100.00
35,600.00

NR/NR/NR
FHLB BOND 01.780 % DUE 021027 Aaa/NR/AA+DTD 021022 FC 08102022 245,000 245,000.00 92.743

0.00 1.70%

1.83% -17,779.65
02/18/2027 4.44 227,220.35 0.23%

3.39%
METRO CREDIT UNION MA US RT 4,165.00 3.39%01.7000% MAT 02/18/27 LICUSHARE CERTIFICATE /MA CD
245,000 245,000.00 92.747
148.34

1.70%

1.83% -17,769.85
02/18/2027 4.44 227,230.15 0.23%

3.39%
PENTAGON FED CREDI VA US RT 4,165.00 3.39%01.7000% MAT 02/18/27 CREDITUNION SHARE CERT /VA CD
3,215,000 3,075,098.40 95.108
22,617.53

2.01%

2.11% -17,376.20
02/25/2027 08/25/2022 4.36 3,057,722.20 3.12%

3.15%3.15%
100.00
64,621.50

NR/NR/NR
FHLB BOND 02.010 % DUE 022527 Aaa/NR/AA+DTD 022522 FC 08252022 245,000 246,033.06 94.004
1,624.38

2.00%

2.13% -15,723.26
03/02/2027 4.37 230,309.80 0.24%

3.40%
EAGLEMARK SVGS BK NV US RT 4,900.00 3.40%02.0000% MAT 03/02/27 FIXEDRATE CD /NV CD
Includes all fixed-rate securities in the selected portfolio. Average yields and durations exclude Structured Product, Pass-Through, Perpetual Preferred, and Foreign securities.Report created on: July 05, 2022 Page 26 of 31 Item #12. Page 29
Meeting Date: 8/23/2022 / Packet Page #: 158
Consolidated report prepared for City of Glendora
Bond holdings - as of July 01, 2022 (continued)Maturing 2027 Effective rating/
Underlying rating
(Mdy/Fitch/S&P) Quantity Coupon
Effective
maturity
Call date/
Call price ($)
Est. annual
income ($)/
Curr. yield (%)
YTM (%)/
YTW (%)
Modified
duration
Market
price ($)
Mkt. value ($)/
Accr. interest ($)
% of
bond
port.

Adjusted
cost basis ($)/
Unreal. g/l ($)
245,000 245,000.00 99.034
816.22

3.20%

3.23% -2,366.70
05/24/2027 4.48 242,633.30 0.25%

3.41%
DISCOVER BANK DE US RT 7,840.00 3.41%03.2000% MAT 05/24/27 FIXEDRATE CD /DE CD
245,000 245,000.00 99.228
349.04

3.25%

3.28% -1,891.40
06/15/2027 4.56 243,108.60 0.25%

3.42%
LAFAYETTE FED CRED MD US RT 7,962.50 3.42%03.2500% MAT 06/15/27 LICUSHARE CERTIFICATE /MD CD
Total 2027 8,440,000 1.97% 02/20/2027 $166,054.00

2.07%

3.13%3.13%

4.36 $8,301,131.46
$-280,027.06
$8,021,104.40
$55,343.29

8.19%
Effective rating/
Underlying rating
(Mdy/Fitch/S&P)
Mkt. value ($)/
Accr. interest ($)
Adjusted
cost basis ($)/
Unreal. g/l ($)
Call date/
Coupon Call price ($)
Modified
duration
YTM (%)/
YTW (%)
Est. annual
income ($)/
Quantity Curr. yield (%)
Effective
maturity
% of
bond
port.

Market
price ($)

3.20%3.19%
07/13/2025 NA 2.82 $104,006,209. NA $97,911,436.32
$-6,094,772.73
103,579,00

1.42% $292,182.04

1.36% $1,389,230.75 100%
Total Bond Portfolio
$98,203,618.36
Includes all fixed-rate securities in the selected portfolio. Average yields and durations exclude Structured Product, Pass-Through, Perpetual Preferred, and Foreign securities.Report created on: July 05, 2022 Page 27 of 31 Item #12. Page 30
Meeting Date: 8/23/2022 / Packet Page #: 159
Important information about this report
Disclosures applicable to accounts at UBS Financial Services Inc.This section contains important disclosures regarding theinformation and valuations presented here. Allinformation presented is subject to change at any timeand is provided only as of the date indicated. Theinformation in this report is for informational purposesonly and should not be relied upon as the basis of aninvestment or liquidation decision. UBS FS accountstatements and official tax documents are the onlyofficial record of your accounts and are not replaced,amended or superseded by any of the informationpresented in these reports. You should not rely on thisinformation in making purchase or sell decisions, for taxpurposes or otherwise.UBS FS offers a number of investment advisory programsto clients, acting in our capacity as an investmentadviser, including fee-based financial planning,discretionary account management, non-discretionaryinvestment advisory programs, and advice on theselection of investment managers and mutual fundsoffered through our investment advisory programs.When we act as your investment adviser, we will have awritten agreement with you expressly acknowledgingour investment advisory relationship with you anddescribing our obligations to you. At the beginning ofour advisory relationship, we will give you our Form ADVbrochure(s) for the program(s) you selected that providesdetailed information about, among other things, theadvisory services we provide, our fees, our personnel,our other business activities and financial industryaffiliations and conflicts between our interests and yourinterests.In our attempt to provide you with the highest qualityinformation available, we have compiled this reportusing data obtained from recognized statistical sourcesand authorities in the financial industry. While webelieve this information to be reliable, we cannot makeany representations regarding its accuracy orcompleteness. Please keep this guide as your AdvisoryReview.Please keep in mind that most investment objectives arelong term. Although it is important to evaluate yourportfolio's performance over multiple time periods, webelieve the greatest emphasis should be placed on thelonger period returns.Please review the report content carefully and contactyour Financial Advisor with any questions.Client Accounts: This report may include all assets inthe accounts listed and may include eligible andineligible assets in a fee-based program. Since ineligibleassets are not considered fee-based program assets, theinclusion of such securities will distort the actualperformance of your accounts and does not reflect theperformance of your accounts in the fee-based program.As a result, the performance reflected in this report can vary substantially from the individual accountperformance reflected in the performance reportsprovided to you as part of those programs. For feebased programs, fees are charged on the market valueof eligible assets in the accounts and assessed quarterlyin advance, prorated according to the number ofcalendar days in the billing period. When shown on areport, the risk profile and return objectives describeyour overall goals for these accounts. For each accountyou maintain, you choose one return objective and aprimary risk profile. If you have questions regardingthese objectives or wish to change them, please contactyour Financial Advisor to update your account records.Performance: This report presents account activity andperformance depending on which inception type you'vechosen. The two options are: (1) All Assets (SincePerformance Start): This presents performance for allassets since the earliest possible date; (2) Advisory Assets(Advisory Strategy Start) for individual advisory accounts:This presents Advisory level performance since the LatestStrategy Start date; If an account that has never beenmanaged is included in the consolidated report, the totalperformance of that unmanaged account will beincluded since inception.Time-weighted Returns for accounts / SWP/AAPsleeves (Monthly periods): The report displays a timeweighted rate of return (TWR) that is calculated usingthe Modified Dietz Method. This calculation uses thebeginning and ending portfolio values for the monthand weighs each contribution/withdrawal based uponthe day the cash flow occurred. Periods greater than onemonth are calculated by linking the monthly returns. TheTWR gives equal weighting to every return regardless ofamount of money invested, so it is an effective measurefor returns on a fee based account. All periods shownwhich are greater than 12 months are annualized. Thisapplies to all performance for all assets before09/30/2010, Advisory assets before 12/31/2010 andSWP sleeves before 04/30/2018.Time-weighted Returns for accounts / SWP/AAPsleeves (Daily periods): The report displays a timeweighted rate of return (TWR) that is calculated bydividing the portfolio's daily gain/loss by the previousday's closing market value plus the net value of cashflows that occurred during the day, if it was positive. TheTWR gives equal weighting to every return regardless ofamount of money invested, so it is an effective measurefor returns on a fee based account. Periods greater thanone day are calculated by linking the daily returns. Allperiods shown which are greater than 12 months areannualized. For reports generated prior to 01/26/2018,the performance calculations used the account's end ofday value on the performance inception (listed in thereport under the column "ITD") and all cash flows wereposted at end of day. As a result of the change, theoverall rate of return (TWR) and beginning market valuedisplayed can vary from prior generated reports. This applies to all performance for all assets on or after09/30/2010, Advisory assets on or after 12/31/2010,SWP/AAP sleeves on or after 04/30/2018 as well as allAsset Class and Security level returns.Money-weighted returns: Money-weighted return(MWR) is a measure of the rate of return for an asset orportfolio of assets. It is calculated by finding the dailyInternal Rate of Return (IRR) for the period and thencompounding this return by the number of days in theperiod being measured. The MWR incorporates the sizeand timing of cash flows, so it is an effective measure ofreturns on a portfolio.Annualized Performance: All performance periodsgreater than one year are calculated (unless otherwisestated) on an annualized basis, which represents thereturn on an investment multiplied or divided to give acomparable one year return.Cumulative Performance: A cumulative return is theaggregate amount that an investment has gained or lostover time, independent of the period of time involved.Net of Fees and Gross of Fees Performance:Performance is presented on a "net of fees" and "grossof fees" basis, where indicated. Net returns do notreflect Program and wrap fees prior to 10/31/10 foraccounts that are billed separately via invoice through aseparate account billing arrangement. Gross returns donot reflect the deduction of fees, commissions or othercharges. The payment of actual fees and expenses willreduce a client's return. The compound effect of suchfees and expenses should be considered when reviewingreturns. For example, the net effect of the deduction offees on annualized performance, including thecompounded effect over time, is determined by therelative size of the fee and the account's investmentperformance. It should also be noted that where grossreturns are compared to an index, the indexperformance also does not reflect any transaction costs,which would lower the performance results. Marketindex data maybe subject to review and revision.Benchmark/Major Indices: The past performance of anindex is not a guarantee of future results. Anybenchmark is shown for informational purposes onlyand relates to historical performance of market indicesand not the performance of actual investments.Although most portfolios use indices as benchmarks,portfolios are actively managed and generally are notrestricted to investing only in securities in the index. As aresult, your portfolio holdings and performance may varysubstantially from the index. Each index reflects anunmanaged universe of securities without any deductionfor advisory fees or other expenses that would reduceactual returns, as well as the reinvestment of all incomeand dividends. An actual investment in the securitiesincluded in the index would require an investor to incurtransaction costs, which would lower the performance results. Indices are not actively managed and investorscannot invest directly in the indices. Market index datamaybe subject to review and revision. Further, there isno guarantee that an investor's account will meet orexceed the stated benchmark. Index performanceinformation has been obtained from third partiesdeemed to be reliable. We have not independentlyverified this information, nor do we make anyrepresentations or warranties to the accuracy orcompleteness of this information.Blended Index - For Advisory accounts, Blended Index isdesigned to reflect the asset categories in which youraccount is invested. For Brokerage accounts, you havethe option to select any benchmark from the list.For certain products, the blended index represents theinvestment style corresponding to your client targetallocation. If you change your client target allocation,your blended index will change in step with your changeto your client target allocation.Blended Index 2 - 8 - are optional indices selected by youwhich may consist of a blend of indexes. For advisoryaccounts, these indices are for informational purposesonly. Depending on the selection, the benchmarkselected may not be an appropriate basis for comparisonof your portfolio based on it's holdings.For strategies that are highly customized, such asConcentrated Equity Solutions (CES), benchmarks arebroad market indices included for general reference andare not intended to show comparative marketperformance or potential portfolios with risk or returnprofiles similar to your account. Benchmark indices areshown for illustrative purposes only.Custom Time Periods: If represented on this report, theperformance start date and the performance end datehave been selected by your Financial Advisor in order toprovide performance and account activity informationfor your account for the specified period of time only. Asa result, only a portion of your account's activity andperformance information is presented in theperformance report, and, therefore, presents a distortedrepresentation of your account's activity andperformance.Net Deposits/Withdrawals: When shown on a report,this information represents the net value of all cash andsecurities contributions and withdrawals, program fees(including wrap fees) and other fees added to orsubtracted from your accounts from the first day to thelast day of the period. When fees are shown separately,net deposits / withdrawals does not include programfees (including wrap fees). When investment return isdisplayed net deposits / withdrawals does not includeprogram fees (including wrap fees). For securitycontributions and withdrawals, securities are calculatedusing the end of day UBS FS price on the day securities Report created on: July 05, 2022 Page 28 of 31
Item #12. Page 31
Meeting Date: 8/23/2022 / Packet Page #: 160
Disclosures applicable to accounts at UBS Financial Services Inc. (continued) are delivered in or out of the accounts. Wrap fees will beincluded in this calculation except when paid via aninvoice or through a separate accounts billingarrangement. When shown on Client summary and/orPortfolio review report, program fees (including wrapfees) may not be included in net deposits/withdrawals.PACE Program fees paid from sources other than yourPACE account are treated as a contribution. A PACEProgram Fee rebate that is not reinvested is treated as awithdrawal.Deposits: When shown on a report, this informationrepresents the net value of all cash and securitiescontributions added to your accounts from the first dayto the last day of the period. On Client Summary Reportand/or Portfolio Review Report, this may exclude theOpening balance. For security contributions, securitiesare calculated using the end of day UBS FS price on theday securities are delivered in or out of the accounts.Withdrawals: When shown on a report, thisinformation represents the net value of all cash andsecurities withdrawals subtracted from your accountsfrom the first day to the last day of the period. On Clientsummary and/or portfolio review report Withdrawalsmay not include program fees (including wrap fees). Forsecurity withdrawals, securities are calculated using theend of day UBS FS price on the day securities aredelivered in or out of the accounts.Dividends/Interest: Dividend and interest earned,when shown on a report, does not reflect your account'stax status or reporting requirements. Use only official taxreporting documents (i.e. 1099) for tax reportingpurposes. The classification of private investmentdistributions can only be determined by referring to theofficial year-end tax-reporting document provided by theissuer.Change in Accrued Interest: When shown on a report,this information represents the difference between theaccrued interest at the beginning of the period from theaccrued interest at the end of the period.Change in Value: Represents the change in value of theportfolio during the reporting period, excludingadditions/withdrawals, dividend and interest incomeearned and accrued interest. Change in Value mayinclude programs fees (including wrap fees) and otherfees.Fees: Fees represented in this report include programand wrap fees. Program and wrap fees prior to October1, 2010 for accounts that are billed separately via invoicethrough a separate account billing arrangement are notincluded in this report.Performance Start Date Changes: The PerformanceStart Date for accounts marked with a '^' have changed.Performance figures of an account with a changed Performance Start Date may not include the entirehistory of the account. The new Performance Start Datewill generate performance returns and activityinformation for a shorter period than is available at UBSFS. As a result, the overall performance of theseaccounts may generate better performance than theperiod of time that would be included if the report usedthe inception date of the account. UBS FS recommendsreviewing performance reports that use the inceptiondate of the account because reports with longer timeframes are usually more helpful when evaluatinginvestment programs and strategies. Performancereports may include accounts with inception dates thatprecede the new Performance Start Date and will showperformance and activity information from the earliestavailable inception date.The change in Performance Start Date may be the resultof a performance gap due to a zero-balance thatprevents the calculation of continuous returns from theinception of the account. The Performance Start Datemay also change if an account has failed one of ourperformance data integrity tests. In such instances, theaccount will be labeled as 'Review Required' andperformance prior to that failure will be restricted.Finally, the Performance Start Date will change if youhave explicitly requested a performance restart. Pleasecontact your Financial Advisor for additional detailsregarding your new Performance Start Date.Closed Account Performance: Accounts that havebeen closed may be included in the consolidatedperformance report. When closed accounts are includedin the consolidated report, the performance report willonly include information for the time period the accountwas active during the consolidated performancereporting time period.Important information on options-based strategies:Options involve risk and are not suitable for everyone.Prior to buying or selling an option investors must read acopy of the Characteristics & Risks of StandardizedOptions, also known as the options disclosure document(ODD). It explains the characteristics and risks ofexchange traded options. The options risk disclosuredocument can be accessed at the following webaddress: www.optionsclearing.com/about/publications/character-risks.Concentrated Equity Solutions (CES) managers are notinvolved in the selection of the underlying stockpositions. The Manager will advise only on the optionsselection in order to pursue the strategy in connectionwith the underlying stock position(s) deposited in theaccount. It is important to keep this in mind whenevaluating the manager's performance since theaccount's performance will include the performance ofthe underlying equity position that is not beingmanaged. CES use options to seek to achieve yourinvestment objectives regarding your concentrationstock position. Options strategies change the potential return profile of your stock. In certain scenarios, such ascall writing, the call position will limit your ability toparticipate in any potential increase in the underlyingequity position upon which the call was written.Therefore, in some market conditions, particularly duringperiods of significant appreciation of the underlyingequity position(s), the CES account will decrease theperformance that would have been achieved had thestock been held long without implementing the CESstrategy.Portfolio: For purposes of this report "portfolio" isdefined as all of the accounts presented on the coverpage or the header of this report and does notnecessarily include all of the client's accounts held atUBS FS or elsewhere.Percentage: Portfolio (in the "% Portfolio / Total"column) includes all holdings held in the account(s)selected when this report was generated. Broad assetclass (in the "% broad asset class" column) includes allholdings held in that broad asset class in the account(s)selected when this report was generated.Tax lots: This report displays security tax lots as eitherone line item (i.e., lumped tax lots) or as separate tax lotlevel information. If you choose to display security taxlots as one line item, the total cost equals the total valueof all tax lots. The unit cost is an average of the totalcost divided by the total number of shares. If the shareswere purchased in different lots, the unit price listeddoes not represent the actual cost paid for each lot. Theunrealized gain/loss value is calculated by combining thetotal value of all tax lots plus or minus the total marketvalue of the security.If you choose to display tax lot level information asseparate line items on the Portfolio Holdings report, thetax lot information may include information fromsources other than UBS FS. The Firm does notindependently verify or guarantee the accuracy orvalidity of any information provided by sources otherthan UBS FS. As a result this information may not beaccurate and is provided for informational purposesonly. Clients should not rely on this information inmaking purchase or sell decisions, for tax purposes orotherwise. See your monthly statement for additionalinformation.Pricing: All securities are priced using the closing pricereported on the last business day preceding the date ofthis report. Every reasonable attempt has been made toaccurately price securities; however, we make nowarranty with respect to any security's price. Please referto the back of the first page of your UBS FS accountstatement for important information regarding thepricing used for certain types of securities, the sources ofpricing data and other qualifications concerning thepricing of securities. To determine the value of securitiesin your account, we generally rely on third party quotation services. If a price is unavailable or believed tobe unreliable, we may determine the price in good faithand may use other sources such as the last recordedtransaction. When securities are held at anothercustodian or if you hold illiquid or restricted securities forwhich there is no published price, we will generally relyon the value provided by the custodian or issuer of thatsecurity.Cash: Cash on deposit at UBS Bank USA is protected bythe Federal Deposit Insurance Corporation (FDIC) up to$250,000 in principal and accrued interest per depositorfor each ownership type. Deposits made in anindividual's own name, joint name, or individualretirement account are each held in a separate type ofownership. Such deposits are not guaranteed by UBS FS.More information is available upon request.Margin: The quantity value may indicate that all or partof this position is held on margin or held in the shortaccount. When an account holds a debit balance, thisdebit balance is incorporated into the account's totalmarket value and deducted from the total value. Whencalculating the percent of portfolio on each security, thepercentage will be impacted by the total market value ofthe account. Therefore, if the account's market value isreduced by a debit value of a holding the percent ofportfolio will be greater and if the account's marketvalue is increased by a holding then the percent ofportfolio will be less.Asset Allocation: Your allocation analysis is based onyour current portfolio. The Asset Allocation portion ofthis report shows the mix of various investment classesin your account. An asset allocation that shows asignificantly higher percentage of equity investmentsmay be more appropriate for an investor with a moreaggressive investment strategy and higher tolerance forrisk. Similarly, the asset allocation of a more conservativeinvestor may show a higher percentage of fixed incomeinvestments.Separately Managed Accounts and PooledInvestment Vehicles (such as mutual funds, closed endfunds and exchanged traded funds): The assetclassification displayed is based on firm's proprietarymethodology for classifying assets. Please note that theasset classification assigned to rolled up strategies mayinclude individual investments that provide exposure toother asset classes. For example, an InternationalDeveloped Markets strategy may include exposure toEmerging Markets, and a US Large Cap strategy mayinclude exposure to Mid Cap and Small Cap, etc.Mutual Fund Asset Allocation: If the option tounbundle balanced mutual funds is selected and if afund's holdings data is available, mutual funds will beclassified by the asset class, subclass, and stylebreakdown of their underlying holdings. Where amutual fund or ETF contains equity holdings from Report created on: July 05, 2022 Page 29 of 31
Item #12. Page 32
Meeting Date: 8/23/2022 / Packet Page #: 161
Disclosures applicable to accounts at UBS Financial Services Inc. (continued) multiple equity sectors, this report will proportionatelyallocate the underlying holdings of the fund to thosesectors measured as a percentage of the total fund'sasset value as of the date shown.This information is supplied by Morningstar, Inc. on adaily basis to UBS FS based on data supplied by the fundwhich may not be current. Mutual funds change theirportfolio holdings on a regular (often daily) basis.Accordingly, any analysis that includes mutual funds maynot accurately reflect the current composition of thesefunds. If a fund's underlying holding data is notavailable, it will be classified based on its correspondingoverall Morningstar classification. All data is as of thedate indicated in the report.All pooled investment vehicles (such as mutual funds,closed end mutual funds, and exchange traded funds)incorporate internal management and operationexpenses, which are reflected in the performancereturns. Please see relevant fund prospectus for moreinformation. Please note, performance for mutual fundsis inclusive of multiple share classes.Ineligible Assets: We require that you hold andpurchase only eligible managed assets in your advisoryaccounts. Please contact your Financial Advisor for a listof the eligible assets in your program. These reports mayprovide performance information for eligible andineligible assets in a fee-based program. Since ineligibleassets are not considered fee-based program assets, theinclusion of such securities will distort the actualperformance of your advisory assets. As a result, theperformance reflected in this report can varysubstantially from the individual account performancereflected in the performance reports provided to you aspart of those programs. For fee-based programs, feesare charged on the market value of eligible assets in theaccounts and assessed quarterly in advance, proratedaccording to the number of calendar days in the billingperiod. Neither UBS nor your Financial Advisor will act asyour investment adviser with respect to Ineligible Assets.Variable Annuity Asset Allocation: If the option tounbundle a variable annuity is selected and if a variableannuity's holdings data is available, variable annuitieswill be classified by the asset class, subclass, and stylebreakdown for their underlying holdings. Where avariable annuity contains equity holdings from multipleequity sectors, this report will proportionately allocatethe underlying holdings of the variable annuity to thosesectors measured as a percentage of the total variableannuity's asset value as of the date shown.This information is supplied by Morningstar, Inc. on aweekly basis to UBS FS based on data supplied by thevariable annuity which may not be current. Portfolioholdings of variable annuities change on a regular (oftendaily) basis. Accordingly, any analysis that includesvariable annuities may not accurately reflect the current composition of these variable annuities. If a variableannuity's underlying holding data is not available, it willremain classified as an annuity. All data is as of the dateindicated in the report.Equity Style: The Growth, Value and Core labels aredetermined by Morningstar. If an Equity Style isunclassified, it is due to non-availability of data requiredby Morningstar to assign it a particular style.Equity Capitalization: Market Capitalization isdetermined by Morningstar. Equity securities areclassified as Large Cap, Mid Cap or Small Cap byMorningstar. Unclassified securities are those for whichno capitalization is available on Morningstar.Equity Sectors: The Equity sector analysis may include avariety of accounts, each with different investment andrisk parameters. As a result, the overweighting orunderweighting in a particular sector or asset classshould not be viewed as an isolated factor in makinginvestment/liquidation decisions; but should be assessedon an account by account basis to determine the overallimpact on the account's portfolio.Classified Equity: Classified equities are defined asthose equities for which the firm can confirm the specificindustry and sector of the underlying equity instrument.Estimated Annual Income: The Estimated AnnualIncome is the annualized yearly per shareDividends/interest paid and multiplied by the quantity ofshares held in the selected account(s). For savingsproduct & sweep funds this value is not calculated and isdisplayed as 0.Current Yield: Current yield is defined as the estimatedannual income divided by the total market value.Bond Rating: These ratings are obtained fromindependent industry sources and are not verified byUBS FS. Securities without rating information are leftblank. Rating agencies may discontinue ratings on highyield securities.NR: When NR is displayed under bond rating column, noratings are currently available from that rating agency.High Yield: This report may designate a security as ahigh yield fixed income security even though one ormore rating agencies rate the security as an investmentgrade security. Further, this report may incorporate arating that is no longer current with the rating agency.For more information about the rating for any high yieldfixed income security, or to consider whether to hold orsell a high yield fixed income security, please contactyour financial advisor or representative and do not makeany investment decision based on this report.Credit/Event Risk: Investments are subject to event risk and changes in credit quality of the issuer. Issuers canexperience economic situations that may have adverseeffects on the market value of their securities.Interest Rate Risk: Bonds are subject to market valuefluctuations as interest rates rise and fall. If sold prior tomaturity, the price received for an issue may be less thanthe original purchase price.Reinvestment Risk: Since most corporate issues payinterest semiannually, the coupon payments over the lifeof the bond can have a major impact on the bond's totalreturn.Call Provisions: When evaluating the purchase of acorporate bond, one should be aware of any featuresthat may allow the issuer to call the security. This isparticularly important when considering an issue that istrading at a premium to its call price, since the returnmay be negatively impacted if the issue is redeemed.Should an issue be called, investors may be faced withan earlier than anticipated reinvestment decision, andmay be unable to reinvest their principal at equallyfavorable rates.Effective Maturity: Effective maturity is the expectedredemption due to pre-refunding, puts, or maturity anddoes not reflect any sinking fund activity, optional orextraordinary calls. Securities without a maturity date areleft blank and typically include Preferred Securities,Mutual Funds and Fixed Income UITs.Yields: Yield to Maturity and Yield to Worst arecalculated to the worst call.Accrued Interest: Interest that has accumulatedbetween the most recent payment and the report datemay be reflected in market values for interest bearingsecurities.Bond Averages: All averages are weighted averagescalculated based on market value of the holding, notincluding accrued interest.Tax Status: "Taxable" includes all securities held in ataxable account that are subject to federal and/or stateor local taxation. "Tax-exempt" includes all securitiesheld in a taxable account that are exempt from federal,state and local taxation. "Tax-deferred" includes allsecurities held in a tax-deferred account, regardless ofthe status of the security.Bond sensitivity analysis: This analysis uses ModifiedDuration which approximates the percentage pricechange of a security for a given change in yield. Thehigher the modified duration of a security, the higher itsrisk.  For callable securities, modified duration does notaddress the impact of changing interest rates on abond's expected cash flow as a result of a call orprepayment.

Amortization and Accretion: Prior to March 2008,amortization was calculated using the straight linemethod for tax exempt securities and was not calculatedfor taxable securities. Post March 2008, amortization iscalculated using the constant yield method. Prior toOctober 2008, accretion due to original issue discountwas not calculated. Post October 2008, accretion due tooriginal issue discount is calculated using the constantyield method.  Prior to January 2015, accretion due tomarket discount was calculated using the straight linemethod. Post January 2015, accretion due to marketdiscount is calculated using the constant yield method. We assume the securities are held to par andpremiums are calculated to call date. Amortization andaccretion values may be incorrect due to adjustmentsrelated to cost basis. You may hold additional fixedincome securities that may not appear on this report.Please refer to your account statements for informationregarding all of your holdings.Gain/Loss: The gain/loss information may includecalculations based upon non-UBS FS cost basisinformation. The Firm does not independently verify orguarantee the accuracy or validity of any informationprovided by sources other than UBS FS. In addition, ifthis report contains positions with unavailable cost basis,the gain/(loss) for these positions are excluded in thecalculation for the Gain/(Loss). As a result these figuresmay not be accurate and are provided for informationalpurposes only. Clients should not rely on thisinformation in making purchase or sell decisions, for taxpurposes or otherwise. Rely only on year-end tax formswhen preparing your tax return. See your monthlystatement for additional information.Accounts Included in this Report: The account listingmay or may not include all of your accounts with UBSFS. The accounts included in this report are listed underthe "Accounts included in this review" shown on thefirst page or listed at the top of each page. If an accountnumber begins with "@" this denotes assets or liabilitiesheld at other financial institutions. Information aboutthese assets, including valuation, account type and costbasis, is based on the information you provided to us, orprovided to us by third party data aggregators orcustodians at your direction. We have not verified, andare not responsible for, the accuracy or completeness ofthis information.Account name(s) displayed in this report and labels usedfor groupings of accounts can be customizable"nicknames" chosen by you to assist you with yourrecordkeeping or may have been included by yourfinancial advisor for reference purposes only. The namesused have no legal effect, are not intended to reflect anystrategy, product, recommendation, investmentobjective or risk profile associated with your accounts orany group of accounts, and are not a promise or Report created on: July 05, 2022 Page 30 of 31
Item #12. Page 33
Meeting Date: 8/23/2022 / Packet Page #: 162
Disclosures applicable to accounts at UBS Financial Services Inc. (continued) guarantee that wealth, or any financial results, can orwill be achieved. All investments involve the risk of loss,including the risk of loss of the entire investment.For more information about account or group names, orto make changes, contact your Financial Advisor.Account changes: At UBS, we are committed tohelping you work toward your financial goals. So thatwe may continue providing you with financial advicethat is consistent with your investment objectives, pleaseconsider the following two questions:1) Have there been any changes to your financialsituation or investment objectives?2) Would you like to implement or modify anyrestrictions regarding the management of your account?If the answer to either question is "yes," it is importantthat you contact your Financial Advisor as soon aspossible to discuss these changes. For MAC advisoryaccounts, please contact your investment managerdirectly if you would like to impose or change anyinvestment restrictions on your account.ADV disclosure: A complimentary copy of our currentForm ADV Disclosure Brochure that describes theadvisory program and related fees is available throughyour Financial Advisor. Please contact your FinancialAdvisor if you have any questions.Important information for former Piper Jaffray andMcDonald Investments clients: As an accommodationto former Piper Jaffray and McDonald Investmentsclients, these reports include performance history fortheir Piper Jaffray accounts prior to August 12, 2006 andMcDonald Investments accounts prior to February 9,2007, the date the respective accounts were convertedto UBS FS. UBS FS has not independently verified thisinformation nor do we make any representations orwarranties as to the accuracy or completeness of thatinformation and will not be liable to you if any suchinformation is unavailable, delayed or inaccurate.For insurance, annuities, and 529 Plans, UBS FS relies oninformation obtained from third party services it believesto be reliable. UBS FS does not independently verify orguarantee the accuracy or validity of any informationprovided by third parties. Information for insurance,annuities, and 529 Plans that has been provided by athird party service may not reflect the quantity andmarket value as of the previous business day. Whenavailable, an "as of" date is included in the description.Investors outside the U.S. are subject to securities andtax regulations within their applicable jurisdiction thatare not addressed in this report. Nothing in this reportshall be construed to be a solicitation to buy or offer tosell any security, product or service to any non-U.S.investor, nor shall any such security, product or servicebe solicited, offered or sold in any jurisdiction wheresuch activity would be contrary to the securities laws or other local laws and regulations or would subject UBS toany registration requirement within such jurisdiction.Performance History prior to the account's inception atUBS Financial Services, Inc. may have been included inthis report and is based on data provided by third partysources. UBS Financial Services Inc. has notindependently verified this information nor does UBSFinancial Services Inc. guarantee the accuracy or validityof the information.Important information about brokerage andadvisory services. As a firm providing wealthmanagement services to clients, UBS Financial ServicesInc. offers investment advisory services in its capacity asan SEC-registered investment adviser and brokerageservices in its capacity as an SEC-registered brokerdealer. Investment advisory services and brokerageservices are separate and distinct, differ in material waysand are governed by different laws and separatearrangements. It is important that clients understand theways in which we conduct business, that they carefullyread the agreements and disclosures that we provide tothem about the products or services we offer. For moreinformation, please review client relationship summaryprovided at ubs.com/relationshipsummary. UBS FS All Rights Reserved. Member SIPC.Non-UBS Assets and Liabilities: This report is notintended to provide you with consolidated informationor reporting regarding your holdings at other firms.However, at your request, this report may includeinformation regarding assets that you hold at otherfinancial institutions so that you may review your assetallocation and/or investment strategy in the context ofyour overall holdings. You should review and maintainthe original documents for these assets, such as thestatements for individual accounts held away from UBS.Those documents may contain notices, disclosures andother information important to you, and may also serveas a reference should questions arise regarding theaccuracy of that information as presented in this report.The information presented for accounts held at otherfinancial institutions has been provided to UBS at yourdirection through your agreement with an Outside AssetData Aggregation Service. These accounts have beenadded to this report at your request and areautomatically updated to reflect the most recent datareceived from the custodian. Information may have alsobeen provided based on documents and valuation youprovided to your Financial Advisor. These accounts havebeen added to this report at your request and may notreflect the current valuation.If an account number begins with "@" this denotesassets or liabilities held at other financial institutions.Information about these assets, including valuation, account type and cost basis, is based on the informationyou provided to us, or provided to us by third party dataaggregators or custodians at your direction. We havenot verified, and are not responsible for, the accuracy orcompleteness of this information.If the information you or your custodians provided to usis not current, inclusion of these assets will impact theaccuracy of the current asset allocation and otheranalysis presented. We do not provide purchase, sale orhold recommendations or advice with respect to yourassets at other firms and do not assume responsibility foractivity you conduct at other financial institutions.UBS’s SIPC coverage applies to assets held at UBS. If youmaintain assets at other firms that may be SIPCmembers, you should contact their financialrepresentative or the other entity or refer to the otherentitys statement regarding SIPC membership. YourUBS Financial Services Inc. account statements are theonly official record of your UBS holdings and accountand are not replaced, amended or superseded by any ofthe information presented in this report.Assets that you hold at other financial institutions arepriced using the closing price reported on the lastbusiness day preceding the date of this report. Everyreasonable attempt has been made to accurately pricesecurities; however, we make no warranty with respectto any security’s price. To determine the value ofsecurities in your account, we generally rely on thirdparty quotation services. If a price is unavailable orbelieved to be unreliable, we may determine the price ingood faith and may use other sources such as the lastrecorded transaction. When securities are held atanother custodian or if you hold illiquid or restrictedsecurities for which there is no published price, we willgenerally rely on the value provided by the custodian orissuer of that security.The value of assets held at other financial institutions isbased on the "Last Refresh Date" displayed. Up todate valuation and information can be obtained directlyfrom the custodian of your assets. The accountstatements you receive from your third party custodianregarding the assets you hold with them are the officialrecord of your holdings and accounts and are notimpacted or superseded by the information in thisreport.Account balances and security pricing will always displayin U.S. Dollars even if assets in your Outside Accountsare denominated in other currencies. UBS will convertany values received in the Outside Account Informationto U.S. Dollars using foreign exchange rates from UBS asof the previous business.

Report created on: July 05, 2022 Page 31 of 31
Item #12. Page 34
Meeting Date: 8/23/2022 / Packet Page #: 163
Item #12. Page 35
Meeting Date: 8/23/2022 / Packet Page #: 164

CHEN/GIORDANO/CRAWFORD
213-972-1457
Financial Advisor:

Los Angeles, CA 900719596Branch office:515 S. Flower StreetSuite 50 UBS Client Reviewas of July 31, 2022
Prepared forCity of GlendoraAccounts included in this review* excluded from performance exhibitsAccount Name TypeSX XX180 • City of Glendora • Business Service Account@SX XXX283* • CITY OF GL • Non UBS Investment Bank of America@SX XXX279* • CITY OF GL • Non UBS Investment LAIF What's insideAsset allocation review. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2Sources of portfolio value. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3Bond summary. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4Portfolio holdings. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5Bond holdings. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17 Important information about this report. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 28

Item #12. Page 36
Meeting Date: 8/23/2022 / Packet Page #: 165
Asset allocation review
Consolidated report prepared for City of Glendora
as of July 31, 2022
Summary of asset allocation
Market
value ($)
% of
Portfolio
Cash 26,281,630.68 21.04
Cash 26,281,630.68 21.04
US 26,281,630.68 21.04
Fixed Income 98,637,950.29 78.96
US 98,637,950.29 78.96
US Fixed Income 19,327,928.71 15.47Government 50,829,272.00 40.69Corporate IG Credit 28,480,749.58 22.80 Equity 0.00 0.00Commodities 0.00 0.00Non-Traditional 0.00 0.00Other 0.00 0.00 Total Portfolio $124,919,580.97 100%Balanced mutual funds are allocated in the 'Other' categoryAssets held at other financial institutions are included in this report. We have not verified, and are not responsible for, the accuracy or completeness of this information.Report created on: August 01, 2022 Page 2 of 31 Item #12. Page 37
Meeting Date: 8/23/2022 / Packet Page #: 166
Sources of portfolio value
Consolidated report prepared for City of Glendora
as of July 31, 2022$ Millions
MTD
06/30/2022 to
07/31/2022
QTD
06/30/2022 to
07/31/2022
ITD
02/23/2022 to
07/31/2022
YTD
02/23/2022 to
07/31/2022
Opening value 98,000,419.26 98,000,419.26 40,588,997.50 40,589,214.16Net deposits/withdrawals -125,462.77 -125,462.77 60,408,889.81 60,408,889.81Div./interest income 93,591.48 93,591.48 449,856.39 449,856.39Change in accr. interest 26,082.90 26,082.90 249,016.98 249,016.98Change in value 648,314.37 648,314.37 -3,053,815.43 -3,054,032.10Closing value 98,642,945.25 98,642,945.25 98,642,945.25 98,642,945.25Net Time-weighted ROR 0.78 0.78 -2.58 -2.58Performance returns are annualized after 1 year. Net deposits and withdrawals include program and account fees.Benchmarks - Annualized time-weighted returnsUS Treasury Bill - 3 Mos 0.08 0.08 0.23 0.23 BofA Corp/Gov 1-5Y 0.82 0.82 -1.93 -1.93BBG Agg Bond 2.44 2.44 -4.15 -4.15Past performance does not guarantee future results and current performance may be lower/higher than past data presented.Report created on: August 01, 2022 Page 3 of 31 Item #12. Page 38
Meeting Date: 8/23/2022 / Packet Page #: 167
Bond summary
Consolidated report prepared for City of Glendora
as of July 31, 2022Bond overviewTotal quantity 103,579,000Total market value $98,321,665.81Total accrued interest $316,284.48Total market value plus accrued interest $98,637,950.29Total estimated annual bond interest $1,391,925.75Average yield to maturityAverage coupon 1.37%

3.13%1.42%3.13%
Average current yieldAverage yield to worstAverage modified duration 2.76Average effective maturity 2.96 Investment type allocationInvestment type Taxable ($) Total ($) Tax-exempt /
deferred ($)
% of
bond
port.

Certificates of deposit 19,327,928.71 0.00 19,327,928.71 19.59U.S. corporates 28,480,749.58 0.00 28,480,749.58 28.87U.S. federal agencies 47,427,747.34 0.00 47,427,747.34 48.08U.S. treasuries 3,401,524.66 0.00 3,401,524.66 3.45Total $98,637,950.29 $0.00 $98,637,950.29 100% Credit quality of bond holdings
Effective credit rating
% of
port.

Value on
Issues 07/31/2022 ($)
A Aaa/AAA/AAA 30 51,839,597.00 52.58B Aa/AA/AA 1 941,528.89 0.96C A/A/A 17 26,528,895.69 26.85D Baa/BBB/BBB 0 0.00 0.00E Non-investment grade 0 0.00 0.00F Certificate of deposit 83 19,327,928.71 19.61G Not rated 0 0.00 0.00Total 131 $98,637,950.29 100% Bond maturity schedule
$ Millions
Cash, mutual funds and some preferred securities are not included.

Includes all fixed income securities in the selected porfolio. Average yields and durations exclude Structured Product, Pass-Through, Perpetual Preferred, and Foreign securities.Report created on: August 01, 2022 Page 4 of 31 Item #12. Page 39
Meeting Date: 8/23/2022 / Packet Page #: 168
Portfolio holdings
Consolidated report prepared for City of Glendora
as of July 31, 2022Summary of Portfolio Holdings
Unrealized
Cost basis ($) gain/loss (%)
Est. annual
income ($)
Unrealized
gain/loss ($)
Value on
07/31/2022 ($)
Current
yield (%)
% of
Portfolio
A Cash 26,281,630.68 26,281,630.68 0.00 0.00% 0.00 0.00% 21.04% Cash 26,281,630.68 26,281,630.68 0.00 0.00% 0.00 0.00% 21.04% US 26,281,630.68 26,281,630.68 0.00 0.00% 0.00 0.00% 21.04% B Fixed Income 103,985,948.02 98,637,950.29 -5,347,997.73 -5.14% 1,391,925.75 1.41% 78.96% US 103,985,948.02 98,637,950.29 -5,347,997.73 -5.14% 1,391,925.75 1.41% 78.96% US Fixed Income 20,147,594.69 19,327,928.71 -819,665.98 -4.07% 349,846.00 1.81% 15.47% Government 53,486,090.03 50,829,272.00 -2,656,818.03 -4.97% 528,271.50 1.04% 40.69% Corporate IG Credit 30,352,263.30 28,480,749.58 -1,871,513.72 -6.17% 513,808.25 1.80% 22.80% C Equity 0.00 0.00 0.00 0.00% 0.00 0.00% 0.00%D Commodities 0.00 0.00 0.00 0.00% 0.00 0.00% 0.00%E Non-Traditional 0.00 0.00 0.00 0.00% 0.00 0.00% 0.00%F Other 0.00 0.00 0.00 0.00% 0.00 0.00% 0.00%Total Portfolio $130,267,578.70 $124,919,580.97 $-5,347,997.73 -4.11% $1,391,925.75 1.11% 100% Balanced mutual funds are allocated in the 'Other' category Report created on: August 01, 2022 Page 5 of 31
Item #12. Page 40
Meeting Date: 8/23/2022 / Packet Page #: 169
Consolidated report prepared for City of Glendora
Portfolio holdings - as of July 31, 2022 (continued)
Details of portfolio holdings
% of
asset
class
Est. annual
Cost basis ($) income ($)
Unrealized
gain/loss
(%)
Unrealized
Market value ($) gain/loss ($)
Current
yield (%)
Total Portfolio $130,267,578.70 $124,919,580.97 $-5,347,997.73 -4.11% $1,391,925.75 1.11% 100% 100% % of
Portfolio
Unrealized
gain/loss ($)
Unrealized
gain/loss
Quantity (%)
Current
Cost basis ($) yield (%)
Est. annual
income ($)
Purchase
price ($) /
Cash Avg Price Market value ($)
Price on
07/31/2022
($)
% of
Cash
% of
Portfolio
CashUSOutside ASSET (1) 1.00 25,202,609.45 25,202,609.45 0.00 0.00% 0.00 0.00% 95.89% 20.17%[Outside Account @SXXXX279]

1.00 Outside ASSET (1) 1.00 1,074,026.27 1,074,026.27 0.00 0.00% 0.00 0.00% 4.09% 0.86%[Outside Account @SXXXX283]

1.00 UBS INSURED SWEEP PROGRAM 294,442.70 1.00 1.00 294,442.70 294,442.70 0.00 0.00% 0.00 0.00% 1.12% 0.24% USD CASH -289,447.74 1.00 1.00 -289,447.74 -289,447.74 0.00 0.00% 0.00 0.00% -1.10% -0.23% Total US $26,281,630.68 $26,281,630.68 $0.00 0.00% $0.00 100.00 0.00% 21.04%Total Cash $26,281,630.68 $26,281,630.68 $0.00 0.00% $0.00 100.00 0.00% 21.04%Total Cash $26,281,630.68 $26,281,630.68 $0.00 0.00% $0.00 100.00 0.00% 21.04% Unrealized
gain/loss ($)
Unrealized
gain/loss
Quantity (%)
Current
Cost basis ($) yield (%)
Est. annual
income ($)
Purchase
price ($) /
Avg Price Market value ($)
Amort/Accr.($)
Fixed Income as of 07/31/2022
Price on
07/31/2022
($)
% of
Fixed
Income
% of
Portfolio
USUS Fixed Income
ALLEGIANCE BANK TX US RT 245,000.00 100.00 245,000.00 244,965.16 0.00 -34.84 -0.01% 5,267.50 2.15% 0.20%02.1500% MAT 09/29/22 FIXEDRATE CD

99.97 0.25%
ALLY BK UT US RT 03.5500% 245,000.00 100.00 245,000.00 246,228.69 0.00 1,228.69 0.50% 8,697.50 3.54% 0.20%MAT 06/30/26 FIXED RATE CD 100.20 0.25%
AMERICAN COMM BK GA US RT 245,000.00 100.00 245,000.00 222,697.31 0.00 -22,302.69 -9.10% 980.00 0.44% 0.18%00.4000% MAT 09/22/25 FIXEDRATE CD

90.89 0.23%
AMERICAN EXP CENT UT US RT 245,000.00 100.00 245,000.00 247,733.80 0.00 2,733.80 1.12% 5,757.50 2.35% 0.20%02.3500% MAT 08/08/22 FIXEDRATE CD 100.00 0.25%
(1) Assets held at other financial institutions are included in this report. We have not verified, and are not responsible for, the accuracy or completeness of this information.Report created on: August 01, 2022 Page 6 of 31 Item #12. Page 41
Meeting Date: 8/23/2022 / Packet Page #: 170
Consolidated report prepared for City of Glendora
Portfolio holdings - as of July 31, 2022 (continued)
Unrealized
gain/loss ($)
Unrealized
gain/loss
Quantity (%)
Current
Cost basis ($) yield (%)
Est. annual
income ($)
Purchase
price ($) /
Avg Price Market value ($)
Amort/Accr.($)
Fixed Income as of 07/31/2022
Price on
07/31/2022
($)
% of
Fixed
Income
% of
Portfolio
US
ANN ARBOR ST BK MI US RT 245,000.00 100.00 245,000.00 245,168.75 0.00 168.75 0.07% 6,737.50 2.75% 0.20%02.7500% MAT 04/20/23 FIXEDRATE CD

99.99 0.25%
BANK OF NEW ENGLAN NH US 245,000.00 100.00 245,000.00 243,929.18 0.00 -1,070.82 -0.44% 6,982.50 2.87% 0.20%RT 02.8500% MAT 02/15/24FIXED RATE CD

99.44 0.25%
BANK3 TENNESSEE TN US RT 245,000.00 100.00 245,000.00 223,151.60 0.00 -21,848.40 -8.92% 980.00 0.44% 0.18%00.4000% MAT 08/28/25 FIXEDRATE CD

91.08 0.23%
BANKUNITED NA FLOR FL US RT 245,000.00 100.00 245,000.00 223,833.68 0.00 -21,166.32 -8.64% 2,327.50 1.04% 0.18%00.9500% MAT 03/31/26 FIXEDRATE CD

91.28 0.23%
BAY ST SVGS BK MA US RT 245,000.00 100.00 245,000.00 241,044.29 0.00 -3,955.71 -1.61% 4,165.00 1.73% 0.19%01.7000% MAT 11/29/23 FIXEDRATE CD

98.09 0.24%
BEAL BANK - PLANO TX US RT 245,000.00 100.00 245,000.00 242,123.20 0.00 -2,876.80 -1.17% 5,390.00 2.24% 0.19%02.2000% MAT 04/17/24 FIXEDRATE CD

98.21 0.25%
BELL ST B&T ND US RT 01.6000% 245,000.00 100.00 245,000.00 234,113.51 0.00 -10,886.49 -4.44% 3,920.00 1.67% 0.19%MAT 02/27/25 FIXED RATE CD

95.54 0.24%
BK HAPOALIM BM NY US RT 245,000.00 100.00 245,000.00 222,105.69 0.00 -22,894.31 -9.34% 1,225.00 0.55% 0.18%00.5000% MAT 12/15/25 FIXEDRATE CD

90.59 0.23%
BMO HARRIS BK NA IL US RT 245,000.00 100.00 245,000.00 222,855.05 0.00 -22,144.95 -9.04% 1,960.00 0.88% 0.18%00.8000% MAT 03/18/26 FIXEDRATE CD

90.87 0.23%
BMW BANK NORTH AME UT US 245,000.00 100.11 245,273.67 237,054.15 -40.21 -8,219.52 -3.35% 4,410.00 1.87% 0.19%RT 01.8000% MAT 03/04/25FIXED RATE CD

96.02 0.24%
CAPITAL ONE BK USA VA US RT 245,000.00 100.00 245,000.00 222,436.10 0.00 -22,563.90 -9.21% 2,817.50 1.27% 0.18%01.1500% MAT 11/24/26 FIXEDRATE CD

90.58 0.23%
CAPITAL ONE NA VA US RT 245,000.00 100.00 245,000.00 222,436.10 0.00 -22,563.90 -9.21% 2,817.50 1.27% 0.18%01.1500% MAT 11/24/26 FIXEDRATE CD

90.58 0.23%
CELTIC BK UT US RT 03.0000% 245,000.00 100.00 245,000.00 245,555.78 0.00 555.78 0.23% 7,350.00 3.00% 0.20%MAT 05/18/23 FIXED RATE CD 100.12 0.25%
CENTERSTATE BK NA FL US RT 245,000.00 100.00 245,000.00 230,101.68 0.00 -14,898.32 -6.08% 2,450.00 1.07% 0.18%01.0000% MAT 04/30/25 FIXEDRATE CD

93.67 0.23%
CHAMBERS BANK AK US RT 108,000.00 100.00 108,000.00 98,351.95 0.00 -9,648.05 -8.93% 378.00 0.38% 0.08%00.3500% MAT 09/22/25 FIXEDRATE CD

90.94 0.10%
(1) Assets held at other financial institutions are included in this report. We have not verified, and are not responsible for, the accuracy or completeness of this information.Report created on: August 01, 2022 Page 7 of 31 Item #12. Page 42
Meeting Date: 8/23/2022 / Packet Page #: 171
Consolidated report prepared for City of Glendora
Portfolio holdings - as of July 31, 2022 (continued)
Unrealized
gain/loss ($)
Unrealized
gain/loss
Quantity (%)
Current
Cost basis ($) yield (%)
Est. annual
income ($)
Purchase
price ($) /
Avg Price Market value ($)
Amort/Accr.($)
Fixed Income as of 07/31/2022
Price on
07/31/2022
($)
% of
Fixed
Income
% of
Portfolio
US
CITADEL FED CREDIT PA US RT 245,000.00 100.00 245,000.00 234,418.65 0.00 -10,581.35 -4.32% 4,042.50 1.72% 0.19%01.6500% MAT 02/27/25 CREDITUNION SHARE CERT

95.66 0.24%
CITIBANK NA SD US RT 245,000.00 100.00 245,000.00 247,568.14 0.00 2,568.14 1.05% 6,982.50 2.85% 0.20%02.8500% MAT 03/29/23 FIXEDRATE CD 100.08 0.25%
CITIZENS ST BK CLA WI US RT 219,000.00 100.00 219,000.00 211,357.74 0.00 -7,642.26 -3.49% 3,723.00 1.76% 0.17%01.7000% MAT 10/31/24 FIXEDRATE CD

96.37 0.21%
COMMERCIAL BK TN US RT 245,000.00 100.00 245,000.00 245,583.00 0.00 583.00 0.24% 7,595.00 3.09% 0.20%03.1000% MAT 05/25/23 FIXEDRATE CD 100.19 0.25%
COMMUNITY BK TN US RT 245,000.00 100.00 245,000.00 223,196.17 0.00 -21,803.83 -8.90% 980.00 0.44% 0.18%00.4000% MAT 08/26/25 FIXEDRATE CD

91.10 0.23%
COMMUNITYWIDE FED IN US RT 245,000.00 100.00 245,000.00 242,857.69 0.00 -2,142.31 -0.87% 5,512.50 2.30% 0.19%02.2500% MAT 06/28/24 FIXEDRATE CD

98.02 0.25%
CONNEXUS CREDIT UN WI US RT 245,000.00 100.00 245,000.00 231,996.57 0.00 -13,003.43 -5.31% 735.00 0.32% 0.19%00.3000% MAT 05/28/24 CREDITUNION SHARE CERT

94.67 0.24%
DISCOVER BANK DE US RT 245,000.00 100.00 245,000.00 242,775.80 0.00 -2,224.20 -0.91% 7,840.00 3.25% 0.19%03.2000% MAT 05/24/27 FIXEDRATE CD

98.50 0.25%
EAGLEMARK SVGS BK NV US RT 245,000.00 100.42 246,016.86 231,249.12 -86.22 -14,767.74 -6.00% 4,900.00 2.14% 0.19%02.0000% MAT 03/02/27 FIXEDRATE CD

93.56 0.23%
ENCORE BANK AR US RT 245,000.00 100.00 245,000.00 227,926.12 0.00 -17,073.88 -6.97% 1,960.00 0.86% 0.18%00.8000% MAT 05/15/25 FIXEDRATE CD

93.00 0.23%
ENERBANK UT US RT 00.6500% 245,000.00 100.00 245,000.00 226,949.31 0.00 -18,050.69 -7.37% 1,592.50 0.70% 0.18%MAT 06/19/25 FIXED RATE CD

92.61 0.23%
ENTERPRISE BK NE US RT 245,000.00 100.00 245,000.00 244,808.09 0.00 -191.91 -0.08% 5,267.50 2.15% 0.20%02.1500% MAT 11/28/22 FIXEDRATE CD

99.90 0.25%
FIRST CAROLINA BK NC US RT 245,000.00 100.00 245,000.00 226,774.99 0.00 -18,225.01 -7.44% 1,470.00 0.65% 0.18%00.6000% MAT 06/26/25 FIXEDRATE CD

92.55 0.23%
FIRST N/B MCGREG TX US RT 245,000.00 100.00 245,000.00 243,801.68 0.00 -1,198.32 -0.49% 6,982.50 2.87% 0.20%02.8500% MAT 02/21/24 FIXEDRATE CD

99.43 0.25%
(1) Assets held at other financial institutions are included in this report. We have not verified, and are not responsible for, the accuracy or completeness of this information.Report created on: August 01, 2022 Page 8 of 31 Item #12. Page 43
Meeting Date: 8/23/2022 / Packet Page #: 172
Consolidated report prepared for City of Glendora
Portfolio holdings - as of July 31, 2022 (continued)
Unrealized
gain/loss ($)
Unrealized
gain/loss
Quantity (%)
Current
Cost basis ($) yield (%)
Est. annual
income ($)
Purchase
price ($) /
Avg Price Market value ($)
Amort/Accr.($)
Fixed Income as of 07/31/2022
Price on
07/31/2022
($)
% of
Fixed
Income
% of
Portfolio
US
FIRST NATL BK KS US RT 245,000.00 100.00 245,000.00 237,939.40 0.00 -7,060.60 -2.88% 4,532.50 1.91% 0.19%01.8500% MAT 08/30/24 FIXEDRATE CD

96.96 0.24%
FIRST ST BK AR US RT 01.8000% 245,000.00 100.00 245,000.00 237,681.55 0.00 -7,318.45 -2.99% 4,410.00 1.86% 0.19%MAT 08/30/24 FIXED RATE CD

96.86 0.24%
FIRST TECHNOLOGY F CA US RT 245,000.00 100.00 245,000.00 245,176.90 0.00 176.90 0.07% 5,880.00 2.40% 0.20%02.4000% MAT 12/15/22 FIXEDRATE CD

99.97 0.25%
FLAGSTAR BANK, FSB MI US RT 245,000.00 100.00 245,000.00 230,451.06 0.00 -14,548.94 -5.94% 2,572.50 1.12% 0.18%01.0500% MAT 04/30/25 FIXEDRATE CD

93.80 0.23%
GOLD COAST BANK IL US RT 245,000.00 100.00 245,000.00 244,956.81 0.00 -43.19 -0.02% 6,370.00 2.60% 0.20%02.6000% MAT 02/28/23 FIXEDRATE CD

99.96 0.25%
GOLDMAN SACHS BANK NY US 245,000.00 100.00 245,000.00 247,375.39 0.00 2,375.39 0.97% 7,227.50 2.95% 0.20%RT 02.9500% MAT 04/18/23FIXED RATE CD 100.13 0.25%
GREENSTATE CREDIT IA US RT 245,000.00 100.00 245,000.00 223,562.70 0.00 -21,437.30 -8.75% 2,327.50 1.04% 0.18%00.9500% MAT 04/16/26 FIXEDRATE CD

91.17 0.23%
HOME LN INVT BK RI US RT 245,000.00 100.00 245,000.00 223,204.50 0.00 -21,795.50 -8.90% 980.00 0.44% 0.18%00.4000% MAT 08/29/25 FIXEDRATE CD

91.07 0.23%
HOME SAVINGS BANK UT US RT 245,000.00 100.00 245,000.00 246,878.14 0.00 1,878.14 0.77% 6,982.50 2.87% 0.20%02.8500% MAT 02/12/24 FIXEDRATE CD

99.45 0.25%
HORIZON BK NE US RT 01.3000% 245,000.00 100.00 245,000.00 231,689.12 0.00 -13,310.88 -5.43% 3,185.00 1.38% 0.19%MAT 04/15/25 FIXED RATE CD

94.51 0.23%
JPMORGAN CHASE BK OH US RT 245,000.00 100.00 245,000.00 225,417.08 0.00 -19,582.92 -7.99% 1,715.00 0.76% 0.18%00.7000% MAT 09/30/25 FIXEDRATE CD

91.77 0.23%
KNOXVILLE TVA EMPL TN US RT 245,000.00 100.00 245,000.00 245,355.89 0.00 355.89 0.15% 5,880.00 2.40% 0.20%02.4000% MAT 12/29/22 FIXEDRATE CD

99.95 0.25%
LAFAYETTE FED CRED MD US RT 245,000.00 100.00 245,000.00 242,124.84 0.00 -2,875.16 -1.17% 7,962.50 3.29% 0.19%03.2500% MAT 06/15/27 LICUSHARE CERTIFICATE

98.68 0.25%
LIVE OAK BKG CO NC US RT 245,000.00 100.00 245,000.00 220,247.05 0.00 -24,752.95 -10.10% 1,960.00 0.89% 0.18%00.8000% MAT 08/13/26 FIXEDRATE CD

89.83 0.22%
MCHENRY SVGS BK IL US RT 245,000.00 100.00 245,000.00 236,046.69 0.00 -8,953.31 -3.65% 4,287.50 1.82% 0.19%01.7500% MAT 11/29/24 FIXEDRATE CD

96.34 0.24%
(1) Assets held at other financial institutions are included in this report. We have not verified, and are not responsible for, the accuracy or completeness of this information.Report created on: August 01, 2022 Page 9 of 31 Item #12. Page 44
Meeting Date: 8/23/2022 / Packet Page #: 173
Consolidated report prepared for City of Glendora
Portfolio holdings - as of July 31, 2022 (continued)
Unrealized
gain/loss ($)
Unrealized
gain/loss
Quantity (%)
Current
Cost basis ($) yield (%)
Est. annual
income ($)
Purchase
price ($) /
Avg Price Market value ($)
Amort/Accr.($)
Fixed Income as of 07/31/2022
Price on
07/31/2022
($)
% of
Fixed
Income
% of
Portfolio
US
MECHANICS COOPERAT MA US 245,000.00 100.00 245,000.00 245,351.93 0.00 351.93 0.14% 6,247.50 2.55% 0.20%RT 02.5500% MAT 02/06/23FIXED RATE CD

99.96 0.25%
MEDALLION BK UT US RT 245,000.00 100.00 245,000.00 224,875.00 0.00 -20,125.00 -8.21% 1,347.50 0.60% 0.18%00.5500% MAT 07/30/25 FIXEDRATE CD

91.74 0.23%
MERRICK BK UT US RT 01.6500% 245,000.00 100.00 245,000.00 240,854.94 0.00 -4,145.06 -1.69% 4,042.50 1.68% 0.19%MAT 10/31/23 FIXED RATE CD

98.17 0.24%
METRO CREDIT UNION MA US RT 245,000.00 100.00 245,000.00 226,521.43 0.00 -18,478.57 -7.54% 4,165.00 1.84% 0.18%01.7000% MAT 02/18/27 LICUSHARE CERTIFICATE

92.32 0.23%
MONEY ONE FED CRED MD US 248,000.00 103.20 255,945.33 242,777.94 -6,319.74 -13,167.39 -5.14% 4,960.00 2.06% 0.19%RT 02.0000% MAT 09/23/24FIXED RATE CD

97.18 0.25%
MORGAN STANLEY BK UT US RT 245,000.00 100.00 245,000.00 245,451.30 0.00 451.30 0.18% 6,492.50 2.65% 0.20%02.6500% MAT 01/11/23 FIXEDRATE CD 100.04 0.25%
MORGAN STANLEY PRV NY US 245,000.00 100.00 245,000.00 240,548.92 0.00 -4,451.08 -1.82% 4,900.00 2.06% 0.19%RT 02.0000% MAT 08/22/24FIXED RATE CD

97.31 0.24%
MORTON CMNTY BK IL US RT 245,000.00 100.00 245,000.00 226,937.93 0.00 -18,062.07 -7.37% 1,470.00 0.65% 0.18%00.6000% MAT 06/19/25 FIXEDRATE CD

92.61 0.23%
MOUNTAIN AMERICA C UT US RT 245,000.00 100.00 245,000.00 245,221.00 0.00 221.00 0.09% 5,880.00 2.40% 0.20%02.4000% MAT 11/30/22 FIXEDRATE CD

99.99 0.25%
NEIGHBORS FED CRED LA US RT 245,000.00 100.00 245,000.00 248,280.89 0.00 3,280.89 1.34% 8,085.00 3.29% 0.20%03.3000% MAT 09/28/23 FIXEDRATE CD 100.21 0.25%
NEW YORK CMNTY BK NY US RT 245,000.00 100.00 245,000.00 220,189.96 0.00 -24,810.04 -10.13% 1,715.00 0.78% 0.18%00.7000% MAT 07/01/26 FIXEDRATE CD

89.81 0.22%
OCEANFIRST BK NA NJ US RT 245,000.00 100.00 245,000.00 245,337.93 0.00 337.93 0.14% 7,962.50 3.25% 0.20%03.2500% MAT 07/01/24 FIXEDRATE CD

99.85 0.25%
PACIFIC CREST SVGS WA US RT 245,000.00 100.00 245,000.00 230,946.60 0.00 -14,053.40 -5.74% 2,940.00 1.27% 0.18%01.2000% MAT 04/30/25 FIXEDRATE CD

94.16 0.23%
PACIFIC WSTN BK CA US RT 245,000.00 100.00 245,000.00 232,884.88 0.00 -12,115.12 -4.94% 3,307.50 1.43% 0.19%01.3500% MAT 04/16/25 FIXEDRATE CD

94.66 0.24%
(1) Assets held at other financial institutions are included in this report. We have not verified, and are not responsible for, the accuracy or completeness of this information.Report created on: August 01, 2022 Page 10 of 31 Item #12. Page 45
Meeting Date: 8/23/2022 / Packet Page #: 174
Consolidated report prepared for City of Glendora
Portfolio holdings - as of July 31, 2022 (continued)
Unrealized
gain/loss ($)
Unrealized
gain/loss
Quantity (%)
Current
Cost basis ($) yield (%)
Est. annual
income ($)
Purchase
price ($) /
Avg Price Market value ($)
Amort/Accr.($)
Fixed Income as of 07/31/2022
Price on
07/31/2022
($)
% of
Fixed
Income
% of
Portfolio
US
PENTAGON FED CREDI VA US RT 245,000.00 100.00 245,000.00 226,327.44 0.00 -18,672.56 -7.62% 4,165.00 1.84% 0.18%01.7000% MAT 02/18/27 CREDITUNION SHARE CERT

92.32 0.23%
PRIME ALLIANCE BK UT US RT 245,000.00 100.00 245,000.00 245,540.31 0.00 540.31 0.22% 7,840.00 3.19% 0.20%03.2000% MAT 06/29/23 FIXEDRATE CD 100.20 0.25%
RAYMOND JAMES BK N FL US RT 245,000.00 100.00 245,000.00 237,584.45 0.00 -7,415.55 -3.03% 4,410.00 1.86% 0.19%01.8000% MAT 11/08/24 FIXEDRATE CD

96.56 0.24%
SALLIE MAE BANK UT US RT 245,000.00 100.00 245,000.00 244,970.60 0.00 -29.40 -0.01% 8,207.50 3.35% 0.20%03.3500% MAT 08/05/24 FIXEDRATE CD

99.99 0.25%
SAN FRANCISCO FED CA US RT 245,000.00 100.00 245,000.00 230,601.48 0.00 -14,398.52 -5.88% 2,695.00 1.17% 0.18%01.1000% MAT 03/27/25 LICUSHARE CERTIFICATE

94.11 0.23%
SAVOY BK NY US RT 00.8000% 245,000.00 100.00 245,000.00 227,973.61 0.00 -17,026.39 -6.95% 1,960.00 0.86% 0.18%MAT 05/13/25 FIXED RATE CD

93.01 0.23%
SOMERSET TRUST CO PA US RT 245,000.00 100.00 245,000.00 230,162.50 0.00 -14,837.50 -6.06% 2,450.00 1.06% 0.18%01.0000% MAT 03/19/25 FIXEDRATE CD

93.91 0.23%
SPRING BK NY US RT 02.7500% 245,000.00 100.00 245,000.00 245,007.69 0.00 7.69 0.00% 6,737.50 2.75% 0.20%MAT 04/27/23 FIXED RATE CD

99.97 0.25%
STATE BANK OF INDI NY US RT 245,000.00 100.00 245,000.00 224,196.11 0.00 -20,803.89 -8.49% 2,205.00 0.99% 0.18%00.9000% MAT 03/25/26 FIXEDRATE CD

91.19 0.23%
STOCKMAN BK MT US RT 245,000.00 100.00 245,000.00 229,096.65 0.00 -15,903.35 -6.49% 1,470.00 0.64% 0.18%00.6000% MAT 06/10/25 FIXEDRATE CD

93.43 0.23%
SYNCHRONY BANK UT US RT 245,000.00 100.00 245,000.00 237,962.06 0.00 -7,037.94 -2.87% 4,900.00 2.07% 0.19%02.0000% MAT 03/25/25 FIXEDRATE CD

96.43 0.24%
TEXAS EXCHANGE BK TX US RT 245,000.00 100.00 245,000.00 222,315.82 0.00 -22,684.18 -9.26% 1,470.00 0.66% 0.18%00.6000% MAT 10/23/25 FIXEDRATE CD

90.73 0.23%
THIRD FED S&L ASSN OH US RT 245,000.00 100.00 245,000.00 238,068.82 0.00 -6,931.18 -2.83% 4,777.50 2.01% 0.19%01.9500% MAT 11/25/24 FIXEDRATE CD

96.81 0.24%
TOYOTA FINL SVG BK NV US RT 245,000.00 100.00 245,000.00 223,581.06 0.00 -21,418.94 -8.74% 2,205.00 0.99% 0.18%00.9000% MAT 04/22/26 FIXEDRATE CD

91.01 0.23%
UBS BANK UT US RT 00.8500% 245,000.00 100.00 245,000.00 221,594.98 0.00 -23,405.02 -9.55% 2,082.50 0.94% 0.18%MAT 06/16/26 FIXED RATE CD

90.41 0.22%
(1) Assets held at other financial institutions are included in this report. We have not verified, and are not responsible for, the accuracy or completeness of this information.Report created on: August 01, 2022 Page 11 of 31 Item #12. Page 46
Meeting Date: 8/23/2022 / Packet Page #: 175
Consolidated report prepared for City of Glendora
Portfolio holdings - as of July 31, 2022 (continued)
Unrealized
gain/loss ($)
Unrealized
gain/loss
Quantity (%)
Current
Cost basis ($) yield (%)
Est. annual
income ($)
Purchase
price ($) /
Avg Price Market value ($)
Amort/Accr.($)
Fixed Income as of 07/31/2022
Price on
07/31/2022
($)
% of
Fixed
Income
% of
Portfolio
US
UNIVERSITY OF IOWA IA US RT 245,000.00 100.00 245,000.00 245,986.31 0.00 986.31 0.40% 7,350.00 3.00% 0.20%03.0000% MAT 04/28/23 FIXEDRATE CD 100.16 0.25%
USALLIANCE FED CRE NY US RT 245,000.00 100.00 245,000.00 223,415.10 0.00 -21,584.90 -8.81% 1,225.00 0.55% 0.18%00.5000% MAT 09/29/25 FIXEDRATE CD

91.15 0.23%
VALLEY STRONG CRED CA US RT 240,000.00 100.00 240,000.00 238,118.60 0.00 -1,881.40 -0.78% 6,840.00 2.87% 0.19%02.8500% MAT 06/21/24 LICUSHARE CERTIFICATE

99.14 0.24%
VYSTAR CREDIT UNIO FL US RT 205,000.00 104.08 213,358.83 206,945.45 -10,458.36 -6,413.38 -3.01% 7,482.50 3.63% 0.17%03.6500% MAT 12/11/23 LICUSHARE CERTIFICATE 100.64 0.21%
WEBBANK UT US RT 00.3500% 245,000.00 100.00 245,000.00 232,349.11 0.00 -12,650.89 -5.16% 857.50 0.37% 0.19%MAT 05/28/24 FIXED RATE CD

94.78 0.24%
WELLS FARGO NATL B NV US RT 245,000.00 100.00 245,000.00 244,694.05 0.00 -305.95 -0.12% 4,532.50 1.86% 0.12%01.8500% MAT 12/30/22 FIXEDRATE CD

99.72 0.25%
Total US Fixed Income $20,147,594.69 $19,327,928.71 $-16,904.53 $-819,665.98 -4.07% $349,846.00 19.60% 1.81% 15.47% Government
FEDERAL FARM CREDIT BANK 2,000,000.00 100.00 2,000,000.00 1,909,602.22 0.00 -90,397.78 -4.52% 19,400.00 1.02% 1.53%00.970 % DUE 120924 DTD120921 FC 06092022

95.34 1.94%
FFCB BOND 00.210 % DUE 2,000,000.00 100.00 2,000,000.00 1,922,466.67 0.00 -77,533.33 -3.88% 4,200.00 0.22% 1.54%122123 DTD 122120 FC06212021

96.10 1.95%
FFCB BOND 00.440 % DUE 2,000,000.00 100.00 2,000,000.00 1,895,228.89 0.00 -104,771.11 -5.24% 8,800.00 0.47% 1.52%092324 DTD 092321 FC03232022

94.61 1.92%
FFCB BOND 00.600 % DUE 2,000,000.00 100.00 2,000,000.00 1,874,420.00 0.00 -125,580.00 -6.28% 12,000.00 0.64% 1.50%061625 DTD 061621 FC12162021

93.65 1.90%
FFCB BOND 00.600 % DUE 2,000,000.00 100.00 2,000,000.00 1,856,793.33 0.00 -143,206.67 -7.16% 12,000.00 0.65% 1.49%112425 DTD 112420 FC05242021

92.73 1.88%
FFCB BOND 00.610 % DUE 2,000,000.00 100.00 2,000,000.00 1,873,524.44 0.00 -126,475.56 -6.32% 12,200.00 0.65% 1.50%052325 DTD 082321 FC11232021

93.56 1.90%
FFCB BOND 00.660 % DUE 2,000,000.00 100.00 2,000,000.00 1,868,786.67 0.00 -131,213.33 -6.56% 13,200.00 0.71% 1.50%091525 DTD 091521 FC03152022

93.19 1.89%
(1) Assets held at other financial institutions are included in this report. We have not verified, and are not responsible for, the accuracy or completeness of this information.Report created on: August 01, 2022 Page 12 of 31 Item #12. Page 47
Meeting Date: 8/23/2022 / Packet Page #: 176
Consolidated report prepared for City of Glendora
Portfolio holdings - as of July 31, 2022 (continued)
Unrealized
gain/loss ($)
Unrealized
gain/loss
Quantity (%)
Current
Cost basis ($) yield (%)
Est. annual
income ($)
Purchase
price ($) /
Avg Price Market value ($)
Amort/Accr.($)
Fixed Income as of 07/31/2022
Price on
07/31/2022
($)
% of
Fixed
Income
% of
Portfolio
US
FFCB BOND 00.680 % DUE 2,000,000.00 100.00 2,000,000.00 1,878,160.00 0.00 -121,840.00 -6.09% 13,600.00 0.73% 1.50%051925 DTD 051921 FC11192021

93.77 1.90%
FFCB BOND 00.710 % DUE 2,000,000.00 100.00 2,000,000.00 1,883,064.44 0.00 -116,935.56 -5.85% 14,200.00 0.76% 1.51%042125 DTD 042121 FC10212021

93.96 1.91%
FFCB BOND 01.840 % DUE 2,000,000.00 100.00 2,000,000.00 1,909,491.11 0.00 -90,508.89 -4.53% 36,800.00 1.93% 1.53%012627 DTD 012622 FC07262022

95.45 1.94%
FFCB NTS 00.940 % DUE 092826 2,000,000.00 100.00 2,000,000.00 1,843,343.33 0.00 -156,656.67 -7.83% 18,800.00 1.02% 1.48%DTD 092821 FC 03282022

91.85 1.87%
FHLB BOND 00.625 % DUE 2,000,000.00 100.00 2,000,000.00 1,873,421.67 0.00 -126,578.33 -6.33% 12,500.00 0.67% 1.50%063025 DTD 063021 FC12302021

93.62 1.90%
FHLB BOND 01.050 % DUE 1,000,000.00 96.84 968,385.25 928,280.01 0.00 -40,105.25 -4.14% 10,500.00 1.14% 0.74%081326 DTD 081321 FC02132022

92.34 0.94%
FHLB BOND 01.780 % DUE 2,000,000.00 100.00 2,000,000.00 1,928,990.00 0.00 -71,010.00 -3.55% 35,600.00 1.86% 1.54%021027 DTD 021022 FC08102022

95.60 1.96%
FHLB BOND 02.010 % DUE 3,215,000.00 95.65 3,075,098.40 3,108,358.45 0.00 33,260.05 1.08% 64,621.50 2.10% 2.47%022527 DTD 022522 FC08252022

95.81 3.15%
FHLB BOND STEP-UP 00.750 % 2,000,000.00 100.00 2,000,000.00 1,881,550.00 0.00 -118,450.00 -5.92% 15,000.00 0.80% 1.51%DUE 063026 DTD 063021 FC12302021

94.02 1.91%
FHLB NTS 0.7500% DUE 063026 2,000,000.00 100.00 2,000,000.00 1,900,410.00 0.00 -99,590.00 -4.98% 15,000.00 0.79% 1.52%DTD 063021 FC 12302021

94.96 1.93%
FHLB NTS 1.0500% DUE 033026 2,000,000.00 100.00 2,000,000.00 1,883,080.00 0.00 -116,920.00 -5.85% 21,000.00 1.12% 1.51%DTD 033021 FC 09302021

93.80 1.91%
FHLB NTS 00.500 % DUE 082626 2,000,000.00 100.00 2,000,000.00 1,858,985.56 0.00 -141,014.44 -7.05% 10,000.00 0.54% 1.49%DTD 082621 FC 02262022

92.73 1.88%
FHLMC MED TERM NTS 00.500 1,000,000.00 99.85 998,500.00 933,811.11 0.00 -64,688.89 -6.48% 5,000.00 0.54% 0.75%% DUE 072325 DTD 072320 FC01232021

93.37 0.95%
FHLMC MED TERM NTS 00.730 2,000,000.00 100.00 2,000,000.00 1,875,455.00 0.00 -124,545.00 -6.23% 14,600.00 0.78% 1.50%% DUE 052825 DTD 052820 FC11282020

93.65 1.90%
FHLMC MED TERM NTS 03.050 2,000,000.00 100.00 2,000,000.00 1,997,251.67 0.00 -2,748.33 -0.14% 61,000.00 3.06% 1.60%% DUE 062824 DTD 062822 FC12282022

99.58 2.02%
(1) Assets held at other financial institutions are included in this report. We have not verified, and are not responsible for, the accuracy or completeness of this information.Report created on: August 01, 2022 Page 13 of 31 Item #12. Page 48
Meeting Date: 8/23/2022 / Packet Page #: 177
Consolidated report prepared for City of Glendora
Portfolio holdings - as of July 31, 2022 (continued)
Unrealized
gain/loss ($)
Unrealized
gain/loss
Quantity (%)
Current
Cost basis ($) yield (%)
Est. annual
income ($)
Purchase
price ($) /
Avg Price Market value ($)
Amort/Accr.($)
Fixed Income as of 07/31/2022
Price on
07/31/2022
($)
% of
Fixed
Income
% of
Portfolio
US
FNMA NTS 00.500 % DUE 1,000,000.00 100.00 999,950.00 929,119.44 0.00 -70,830.56 -7.08% 5,000.00 0.54% 0.74%081425 DTD 081420 FC02142021

92.68 0.94%
FNMA NTS 00.540 % DUE 2,000,000.00 100.00 2,000,000.00 1,860,040.00 0.00 -139,960.00 -7.00% 10,800.00 0.58% 1.49%102725 DTD 102720 FC04272021

92.86 1.89%
FNMA NTS 00.560 % DUE 2,000,000.00 100.00 2,000,000.00 1,858,662.22 0.00 -141,337.78 -7.07% 11,200.00 0.60% 1.49%111725 DTD 111720 FC05172021

92.82 1.88%
INTL FIN CORP NTS 00.500 % 2,000,000.00 100.00 2,000,000.00 1,895,451.11 0.00 -104,548.89 -5.23% 10,000.00 0.53% 1.52%DUE 051526 DTD 052821 FC11152021

94.67 1.92%
US TSY NOTE 01.125 % DUE 1,000,000.00 98.21 982,052.13 938,042.50 0.00 -44,009.63 -4.48% 11,250.00 1.20% 0.75%10/31/26 DTD 10/31/21 FC04/30/22

93.52 0.95%
US TSY NOTE 01.750 % DUE 1,500,000.00 97.67 1,465,036.50 1,463,181.28 0.00 -1,855.22 -0.13% 26,250.00 1.80% 1.17%12/31/24 DTD 12/31/19 FC06/30/20

97.40 1.48%
US TSY NOTE 02.375 % DUE 1,000,000.00 99.71 997,067.75 1,000,300.88 0.00 3,233.13 0.32% 23,750.00 2.40% 0.80%08/15/24 DTD 08/15/14 FC02/15/15

98.94 1.01%
Total Government $53,486,090.03 $50,829,272.00 $0.00 $-2,656,818.03 -4.97% $528,271.50 51.53% 1.04% 40.69% Corporate IG Credit
AMAZON COM INC NTS B/E 1,000,000.00 100.28 1,002,762.55 941,528.90 -2,060.12 -61,233.66 -6.11% 8,000.00 0.85% 0.77%00.800% 060325 DTD060320CALL@MW+10BP

94.02 0.95%
CATERPILLAR FINL SERVICE 2,026,000.00 102.07 2,067,913.76 1,935,602.13 -28,531.01 -132,311.63 -6.40% 29,377.00 1.52% 1.55%01.450% 051525 DTD051520FC111520 CALL@MW+20BP

95.23 1.96%
CHARLES SCHWAB CORP NTS 2,000,000.00 99.49 1,989,860.00 1,842,460.00 0.00 -147,400.00 -7.41% 18,000.00 0.98% 1.47%00.900% 031126 DTD121120FC031121 CALL@MW+10BP

91.77 1.87%
COMCAST CORP NEW B/E 1,000,000.00 107.82 1,078,248.12 1,016,252.50 -40,892.33 -61,995.62 -5.75% 33,750.00 3.37% 0.81%03.375% 081525 DTD052715FC081515 CALL@MW+20BP 100.07 1.03%
E I DU PONT DE NEMOURS 2,141,000.00 102.19 2,187,956.86 2,046,572.39 -18,836.78 -141,384.47 -6.46% 36,397.00 1.78% 1.64%01.700% 071525 DTD051520FC011521 CALL@MW+25BP

95.51 2.07%
HONEYWELL INTL NTS B/E 1,122,000.00 102.53 1,150,398.98 1,115,947.43 -30,645.09 -34,451.55 -2.99% 25,806.00 2.34% 0.89%02.300% 081524 DTD080819CALL@MW+10BP

98.40 1.13%
(1) Assets held at other financial institutions are included in this report. We have not verified, and are not responsible for, the accuracy or completeness of this information.Report created on: August 01, 2022 Page 14 of 31 Item #12. Page 49
Meeting Date: 8/23/2022 / Packet Page #: 178
Consolidated report prepared for City of Glendora
Portfolio holdings - as of July 31, 2022 (continued)
Unrealized
gain/loss ($)
Unrealized
gain/loss
Quantity (%)
Current
Cost basis ($) yield (%)
Est. annual
income ($)
Purchase
price ($) /
Avg Price Market value ($)
Amort/Accr.($)
Fixed Income as of 07/31/2022
Price on
07/31/2022
($)
% of
Fixed
Income
% of
Portfolio
US
IBM CORP NTS B/E 03.000% 1,664,000.00 103.88 1,728,592.83 1,664,671.15 -74,234.16 -63,921.68 -3.70% 49,920.00 3.02% 1.33%051524 DTD051519 FC111519CALL@MW+15BP

99.41 1.69%
INTEL CORP NTS B/E 03.400% 1,054,000.00 107.47 1,132,718.62 1,069,925.94 -54,968.11 -62,792.68 -5.54% 35,836.00 3.39% 0.86%032525 DTD032520CALL@MW+45BP 100.32 1.08%
JOHN DEERE CAPITAL CORP 1,124,000.00 103.71 1,165,658.09 1,096,802.32 -27,357.63 -68,855.77 -5.91% 23,042.00 2.10% 0.88%02.050% 010925 DTD010920FC070920 NTS B/E

97.46 1.11%
JOHN DEERE CPTL CORP 2,000,000.00 100.14 2,002,728.17 1,840,862.22 -1,174.00 -161,865.95 -8.08% 14,000.00 0.76% 1.47%00.700% 011526 DTD010721FC071521 MED TERM NTS

92.01 1.87%
JPMORGAN CHASE & CO 1,200,000.00 100.00 1,200,000.00 1,072,013.33 0.00 -127,986.67 -10.67% 9,600.00 0.90% 0.86%00.800% 022626 DTD022621FC082621 MED TERM NTS

88.99 1.09%
JPMORGAN CHASE & CO B/E 1,017,000.00 105.01 1,067,903.15 1,016,363.81 -42,005.27 -51,539.34 -4.83% 31,781.25 3.13% 0.81%03.125% 012325 DTD012315FC072315

99.87 1.03%
MASTERCARD INC NTS B/E 2,000,000.00 102.23 2,044,586.44 1,967,224.44 -38,100.52 -77,362.00 -3.78% 40,000.00 2.05% 1.57%02.000% 030325 DTD120319FC030320 CALL@MW+10BP

97.54 1.99%
MICROSOFT CORP B/E 02.700% 1,000,000.00 105.40 1,053,965.85 1,010,325.00 -40,462.77 -43,640.85 -4.14% 27,000.00 2.71% 0.81%021225 DTD021215 FC081215CALL@MW+12.5BP

99.77 1.02%
MORGAN STANLEY FIN LLC 2,000,000.00 100.00 2,000,000.00 1,763,783.33 0.00 -236,216.67 -11.81% 21,000.00 1.20% 1.41%01.050% 082726 DTD082721FC022722 MED TERM NTS

87.74 1.79%
TARGET CORP NTS B/E 02.250% 2,000,000.00 103.70 2,074,086.25 1,970,670.00 -58,288.75 -103,416.25 -4.99% 45,000.00 2.30% 1.58%041525 DTD033120 FC101520CALL@MW+30BP

97.87 2.00%
TOYOTA MOTOR CRDT CORP 2,000,000.00 99.45 1,988,920.00 1,898,791.67 0.00 -90,128.33 -4.53% 12,500.00 0.66% 1.52%00.625% 091324 DTD091321FC031322 NTS B/E

94.70 1.93%
TRUIST BANK NTS B/E 02.150% 1,386,000.00 101.90 1,412,319.98 1,346,117.46 -26,059.88 -66,202.52 -4.69% 29,799.00 2.22% 1.08%120624 DTD120619 FC060620

96.79 1.36%
UNITED HEALTH GROUP INC 2,000,000.00 100.18 2,003,643.65 1,864,835.56 -1,118.97 -138,808.09 -6.93% 23,000.00 1.24% 1.49%01.150% 051526 DTD051921FC111521 CALL@MW+07.50BP

93.00 1.89%
Total Corporate IG Credit $30,352,263.30 $28,480,749.58 $-484,735.39 $-1,871,513.72 -6.17% $513,808.25 28.87% 1.80% 22.80%Total US $103,985,948.02 $98,637,950.29 $-501,639.92 $-5,347,997.73 -5.14% $1,391,925.75 100.00 1.41% 78.96% (1) Assets held at other financial institutions are included in this report. We have not verified, and are not responsible for, the accuracy or completeness of this information.Report created on: August 01, 2022 Page 15 of 31 Item #12. Page 50
Meeting Date: 8/23/2022 / Packet Page #: 179
Consolidated report prepared for City of Glendora
Portfolio holdings - as of July 31, 2022 (continued)
Unrealized
gain/loss ($)
Unrealized
gain/loss
Quantity (%)
Current
Cost basis ($) yield (%)
Est. annual
income ($)
Purchase
price ($) /
Avg Price Market value ($)
Amort/Accr.($)
Fixed Income as of 07/31/2022
Price on
07/31/2022
($)
% of
Fixed
Income
% of
Portfolio
Total Fixed Income $103,985,948.02 $98,637,950.29 $-501,639.92 $-5,347,997.73 -5.14% $1,391,925.75 100.00 1.41% 78.96% Total Portfolio $130,267,578.70 $124,919,580.97 $-5,347,997.73 -4.11% $1,391,925.75 1.11% 100% 100% Unrealized
gain/loss
(%)
Unrealized
gain/loss ($)
% of
asset
class
Est. annual
Cost basis ($) income ($)
Current
Market value ($) yield (%)
% of
Portfolio
Total accrued interest (included in market values): $316,284.48(1) Assets held at other financial institutions are included in this report. We have not verified, and are not responsible for, the accuracy or completeness of this information.Report created on: August 01, 2022 Page 16 of 31 Item #12. Page 51
Meeting Date: 8/23/2022 / Packet Page #: 180
Bond holdings
Consolidated report prepared for City of Glendora
as of July 31, 2022Summary of bond holdingsMaturityYear Yield to
maturity (%)
Yield to
worst (%)
Unrealized
Issues gain/loss ($) Mkt. value ($)
Est. annual
income ($)
Adjusted
cost basis ($)
Modified
duration
Current
Quantity yield (%) % of bond portfolio maturing
2022 7 1,715,000 38,465.00 2.24% 2.42 % 2.42 % 0.30 1,715,000 -1,229.90 1,717,954.902023 16 5,635,000 104,905.00 1.89% 2.93 % 2.93 % 1.01 5,643,358.83 -91,749.63 5,563,137.632024 27 19,054,000 349,678.00 1.89% 3.20 % 3.20 % 2.03 19,132,281.37 -619,192.50 18,585,460.862025 49 42,840,000 504,558.75 1.24% 3.09 % 3.09 % 2.79 43,352,523.36 -2,799,846.12 40,671,300.262026 24 25,895,000 228,265.00 0.95% 3.40 % 3.40 % 3.66 25,841,669.2 -1,917,235.80 23,984,258.442027 8 8,440,000 166,054.00 2.06% 3.02 % 3.02 % 4.29 8,301,115.26 -235,028.26 8,115,838.202028 0 0 NA NA NA2029 0 0 NA NA NA2030 0 0 NA NA NA2031 0 0 NA NA NA2032 0 0 NA NA NA2033 0 0 NA NA NA2034 0 0 NA NA NA2035 0 0 NA NA NA2036 0 0 NA NA NA2037 0 0 NA NA NA2038 0 0 NA NA NA2039 0 0 NA NA NA2040 0 0 NA NA NA2041 0 0 NA NA NA2042 0 0 NA NA NA2043 0 0 NA NA NA2044 0 0 NA NA NA2045 0 0 NA NA NA2046 0 0 NA NA NA2047 0 0 NA NA NA2048 0 0 NA NA NA2049 0 0 NA NA NA2050 0 0 NA NA NA2051 0 0 NA NA NA2051 + 0 0 NA NA NAOther 0 0 NA NA NATotal 131 103,579,000 $1,391,925.75 1.42% 3.13 % 3.13 % 2.76 $103,985,948.02 $-5,664,282.21 $98,637,950.29Includes all fixed-rate securities in the selected portfolio. Average yields and durations exclude Structured Product, Pass-Through, Perpetual Preferred, and Foreign securities.Report created on: August 01, 2022 Page 17 of 31 Item #12. Page 52
Meeting Date: 8/23/2022 / Packet Page #: 181
Consolidated report prepared for City of Glendora
Bond holdings - as of July 31, 2022 (continued)
Effective rating/
Underlying rating
(Mdy/Fitch/S&P)
Mkt. value ($)/
Accr. interest ($)
Adjusted
cost basis ($)/
Unreal. g/l ($)
Call date/
Coupon Call price ($)
Modified
duration
YTM (%)/
YTW (%)
Est. annual
income ($)/
Quantity Curr. yield (%)
Effective
maturity
% of
bond
port.

Market
price ($)
Details of bond holdings

3.13%3.13%
07/16/2025 NA 2.76 $103,985,948. NA $98,321,665.81
$-5,664,282.21
103,579,00

1.42% $316,284.48

1.37% $1,391,925.75 100%
$98,637,950.29
Total Bond PortfolioMaturing 2022
Effective rating/
Underlying rating
(Mdy/Fitch/S&P) Quantity Coupon
Effective
maturity
Call date/
Call price ($)
Est. annual
income ($)/
Curr. yield (%)
YTM (%)/
YTW (%)
Modified
duration
Market
price ($)
Mkt. value ($)/
Accr. interest ($)
% of
bond
port.

Adjusted
cost basis ($)/
Unreal. g/l ($)
245,000 245,000.00 100.002
2,728.90

2.35%

2.35% 4.90
08/08/2022 0.03 245,004.90 0.25%

2.25%
AMERICAN EXP CENT UT US RT 5,757.50 2.25%02.3500% MAT 08/08/22 FIXEDRATE CD /UT CD
245,000 245,000.00 99.974

28.86 2.15%

2.15% -63.70
09/29/2022 0.17 244,936.30 0.25%

2.30%
ALLEGIANCE BANK TX US RT 5,267.50 2.30%02.1500% MAT 09/29/22 FIXEDRATE CD /TX CD
245,000 245,000.00 99.904

43.29 2.15%

2.15% -235.20
11/28/2022 0.33 244,764.80 0.25%

2.44%
ENTERPRISE BK NE US RT 02.1500% 5,267.50 2.44%MAT 11/28/22 FIXED RATE CD /NE CD
245,000 245,000.00 99.985
257.75

2.40%

2.40% -36.75
11/30/2022 0.34 244,963.25 0.25%

2.44%
MOUNTAIN AMERICA C UT US RT 5,880.00 2.44%02.4000% MAT 11/30/22 FIXEDRATE CD /UT CD
245,000 245,000.00 99.967
257.75

2.40%

2.40% -80.85
12/15/2022 0.38 244,919.15 0.25%

2.49%
FIRST TECHNOLOGY F CA US RT 5,880.00 2.49%02.4000% MAT 12/15/22 FIXEDRATE CD /CA CD
245,000 245,000.00 99.948
483.29

2.40%

2.40% -127.40
12/29/2022 0.42 244,872.60 0.25%

2.52%
KNOXVILLE TVA EMPL TN US RT 5,880.00 2.52%02.4000% MAT 12/29/22 FIXEDRATE CD /TN CD
245,000 245,000.00 99.718
384.95

1.85%

1.86% -690.90
12/30/2022 0.42 244,309.10 0.25%

2.52%
WELLS FARGO NATL B NV US RT 4,532.50 2.52%01.8500% MAT 12/30/22 FIXEDRATE CD /NV CD
Total 2022 1,715,000 2.24% 11/15/2022 $38,465.00

2.24%

2.42%2.42%

0.30 $1,715,000.00
$-1,229.90
$1,713,770.10
$4,184.80

1.74%
Maturing 2023
Effective rating/
Underlying rating
(Mdy/Fitch/S&P) Quantity Coupon
Effective
maturity
Call date/
Call price ($)
Est. annual
income ($)/
Curr. yield (%)
YTM (%)/
YTW (%)
Modified
duration
Market
price ($)
Mkt. value ($)/
Accr. interest ($)
% of
bond
port.

Adjusted
cost basis ($)/
Unreal. g/l ($)
245,000 245,000.00 100.039
355.75

2.65%

2.65% 95.55
01/11/2023 0.45 245,095.55 0.25%

2.56%
MORGAN STANLEY BK UT US RT 6,492.50 2.56%02.6500% MAT 01/11/23 FIXEDRATE CD /UT CD
245,000 245,000.00 99.962
445.03

2.55%

2.55% -93.10
02/06/2023 0.52 244,906.90 0.25%

2.62%
MECHANICS COOPERAT MA US RT 6,247.50 2.62%02.5500% MAT 02/06/23 FIXEDRATE CD /MA CD
Includes all fixed-rate securities in the selected portfolio. Average yields and durations exclude Structured Product, Pass-Through, Perpetual Preferred, and Foreign securities.Report created on: August 01, 2022 Page 18 of 31 Item #12. Page 53
Meeting Date: 8/23/2022 / Packet Page #: 182
Consolidated report prepared for City of Glendora
Bond holdings - as of July 31, 2022 (continued)Maturing 2023 Effective rating/
Underlying rating
(Mdy/Fitch/S&P) Quantity Coupon
Effective
maturity
Call date/
Call price ($)
Est. annual
income ($)/
Curr. yield (%)
YTM (%)/
YTW (%)
Modified
duration
Market
price ($)
Mkt. value ($)/
Accr. interest ($)
% of
bond
port.

Adjusted
cost basis ($)/
Unreal. g/l ($)
245,000 245,000.00 99.961

52.36 2.60%

2.60% -95.55
02/28/2023 0.58 244,904.45 0.25%

2.67%
GOLD COAST BANK IL US RT 6,370.00 2.67%02.6000% MAT 02/28/23 FIXEDRATE CD /IL CD
245,000 245,000.00 100.080
2,372.14

2.85%

2.85% 196.00
03/29/2023 0.65 245,196.00 0.25%

2.72%
CITIBANK NA SD US RT 02.8500% 6,982.50 2.72%MAT 03/29/23 FIXED RATE CD /SD CD
245,000 245,000.00 100.129
2,059.34

2.95%

2.95% 316.05
04/18/2023 0.71 245,316.05 0.25%

2.76%
GOLDMAN SACHS BANK NY US RT 7,227.50 2.76%02.9500% MAT 04/18/23 FIXEDRATE CD /NY CD
245,000 245,000.00 99.986
203.05

2.75%

2.75% -34.30
04/20/2023 0.72 244,965.70 0.25%

2.77%
ANN ARBOR ST BK MI US RT 6,737.50 2.77%02.7500% MAT 04/20/23 FIXEDRATE CD /MI CD
245,000 245,000.00 99.973

73.84 2.75%

2.75% -66.15
04/27/2023 0.74 244,933.85 0.25%

2.79%
SPRING BK NY US RT 02.7500% 6,737.50 2.79%MAT 04/27/23 FIXED RATE CD /NY CD
245,000 245,000.00 100.156
604.11

3.00%

3.00% 382.20
04/28/2023 0.74 245,382.20 0.25%

2.79%
UNIVERSITY OF IOWA IA US RT 7,350.00 2.79%03.0000% MAT 04/28/23 FIXEDRATE CD /IA CD
245,000 245,000.00 100.120
261.78

3.00%

3.00% 294.00
05/18/2023 0.79 245,294.00 0.25%

2.85%
CELTIC BK UT US RT 03.0000% 7,350.00 2.85%MAT 05/18/23 FIXED RATE CD /UT CD
245,000 245,000.00 100.187
124.85

3.10%

3.09% 458.15
05/25/2023 0.81 245,458.15 0.25%

2.87%
COMMERCIAL BK TN US RT 7,595.00 2.87%03.1000% MAT 05/25/23 FIXEDRATE CD /TN CD
245,000 245,000.00 100.203

42.96 3.20%

3.19% 497.35
06/29/2023 0.90 245,497.35 0.25%

2.98%
PRIME ALLIANCE BK UT US RT 7,840.00 2.98%03.2000% MAT 06/29/23 FIXEDRATE CD /UT CD
245,000 245,000.00 100.209
2,768.84

3.30%

3.29% 512.05
09/28/2023 1.13 245,512.05 0.25%

3.11%
NEIGHBORS FED CRED LA US RT 8,085.00 3.11%03.3000% MAT 09/28/23 FIXEDRATE CD /LA CD
245,000 245,000.00 98.168
343.34

1.65%

1.68% -4,488.40
10/31/2023 NA 240,511.60 0.24%
NA
MERRICK BK UT US RT 01.6500% 4,042.50 NAMAT 10/31/23 FIXED RATE CD /UT CD
245,000 245,000.00 98.092
718.89

1.70%

1.73% -4,674.60
11/29/2023 1.30 240,325.40 0.24%

3.17%
BAY ST SVGS BK MA US RT 4,165.00 3.17%01.7000% MAT 11/29/23 FIXEDRATE CD /MA CD
205,000 213,358.83 100.639
635.50

3.65%

3.63% -7,048.88
12/11/2023 1.33 206,309.95 0.21%

3.17%
VYSTAR CREDIT UNIO FL US RT 7,482.50 3.17%03.6500% MAT 12/11/23 LICUSHARE CERTIFICATE /FL CD
2,000,000 2,000,000.00 96.100
466.67

0.21%

0.22% -78,000.00
12/21/2023 1.37 1,922,000.00 1.95%

3.09%
4,200.00 3.09%

NR/NR/NR
FFCB BOND 00.210 % DUE 122123 Aaa/AAA/AA+DTD 122120 FC 06212021 Total 2023 5,635,000 1.89% 08/13/2023 $104,905.00

1.89%

2.93%2.93%

1.01 $5,643,358.83
$-91,749.63
$5,551,609.20
$11,528.43

5.65%
Includes all fixed-rate securities in the selected portfolio. Average yields and durations exclude Structured Product, Pass-Through, Perpetual Preferred, and Foreign securities.Report created on: August 01, 2022 Page 19 of 31 Item #12. Page 54
Meeting Date: 8/23/2022 / Packet Page #: 183
Consolidated report prepared for City of Glendora
Bond holdings - as of July 31, 2022 (continued)Maturing 2024 Effective rating/
Underlying rating
(Mdy/Fitch/S&P) Quantity Coupon
Effective
maturity
Call date/
Call price ($)
Est. annual
income ($)/
Curr. yield (%)
YTM (%)/
YTW (%)
Modified
duration
Market
price ($)
Mkt. value ($)/
Accr. interest ($)
% of
bond
port.

Adjusted
cost basis ($)/
Unreal. g/l ($)
245,000 245,000.00 99.447
3,232.99

2.85%

2.87% -1,354.85
02/12/2024 1.48 243,645.15 0.25%

3.22%
HOME SAVINGS BANK UT US RT 6,982.50 3.22%02.8500% MAT 02/12/24 FIXEDRATE CD /UT CD
245,000 245,000.00 99.438
306.08

2.85%

2.87% -1,376.90
02/15/2024 1.51 243,623.10 0.25%

3.22%
BANK OF NEW ENGLAN NH US RT 6,982.50 3.22%02.8500% MAT 02/15/24 FIXEDRATE CD /NH CD
245,000 245,000.00 99.425
210.43

2.85%

2.87% -1,408.75
02/21/2024 1.53 243,591.25 0.25%

3.23%
FIRST N/B MCGREG TX US RT 6,982.50 3.23%02.8500% MAT 02/21/24 FIXEDRATE CD /TX CD
245,000 245,000.00 98.211
1,506.25

2.20%

2.24% -4,383.05
04/17/2024 1.66 240,616.95 0.24%

3.28%
BEAL BANK - PLANO TX US RT 5,390.00 3.28%02.2000% MAT 04/17/24 FIXEDRATE CD /TX CD
1,664,000 1,728,592.83 99.407
10,538.67

3.00%

3.02% -74,460.35
05/15/2024 1.72 1,654,132.48 1.68%

3.34%
49,920.00 3.34%

NR/NR/NR
IBM CORP NTS B/E 03.000% A3/WD/A051524 DTD051519 FC111519CALL@MW+15BP 245,000 245,000.00 94.667

62.42 0.30%

0.32% -13,065.85
05/28/2024 1.82 231,934.15 0.24%

3.31%
CONNEXUS CREDIT UN WI US RT 735.00 3.31%00.3000% MAT 05/28/24 CREDITUNION SHARE CERT /WI CD
245,000 245,000.00 94.775
150.36

0.35%

0.37% -12,801.25
05/28/2024 08/28/2022 1.80 232,198.75 0.24%

3.31%3.31%
100.00
WEBBANK UT US RT 00.3500% 857.50MAT 05/28/24 FIXED RATE CD /UT CD
240,000 240,000.00 99.138
187.40

2.85%

2.87% -2,068.80
06/21/2024 12/21/2022 1.84 237,931.20 0.24%

3.32%3.32%
100.00
VALLEY STRONG CRED CA US RT 6,840.0002.8500% MAT 06/21/24 LICUSHARE CERTIFICATE /CA CD
245,000 245,000.00 98.016
2,718.49

2.25%

2.30% -4,860.80
06/28/2024 1.85 240,139.20 0.24%

3.33%
COMMUNITYWIDE FED IN US RT 5,512.50 3.33%02.2500% MAT 06/28/24 FIXEDRATE CD /IN CD
2,000,000 2,000,000.00 99.583
5,591.67

3.05%

3.06% -8,340.00
06/28/2024 09/28/2022 1.84 1,991,660.00 2.03%

3.28%3.28%
100.00
61,000.00

NR/NR/NR
FHLMC MED TERM NTS 03.050 % Aaa/AAA/AA+DUE 062824 DTD 062822 FC12282022 245,000 245,000.00 99.853
698.08

3.25%

3.25% -360.15
07/01/2024 1.85 244,639.85 0.25%

3.33%
OCEANFIRST BK NA NJ US RT 7,962.50 3.33%03.2500% MAT 07/01/24 FIXEDRATE CD /NJ CD
245,000 245,000.00 99.988

0.00 3.35%

3.35% -29.40
08/05/2024 NA 244,970.60 0.25%
NA
SALLIE MAE BANK UT US RT 8,207.50 NA03.3500% MAT 08/05/24 FIXEDRATE CD /UT CD
1,122,000 1,150,398.98 98.400
11,899.43

2.30%

2.34% -46,350.98
08/15/2024 07/15/2024 1.96 1,104,048.00 1.12%

3.11%3.11%
100.00
25,806.00

NR/NR/NR
HONEYWELL INTL NTS B/E 02.300% A2/A/A081524 DTD080819CALL@MW+10BP 1,000,000 997,067.75 98.941
10,890.88

2.38%

2.40% -7,657.75
08/15/2024 1.96 989,410.00 1.01%

2.91%
23,750.00 2.91%

NR/NR/NR
US TSY NOTE 02.375 % DUE Aaa/AAA/NR08/15/24 DTD 08/15/14 FC02/15/15 245,000 245,000.00 97.312
2,134.52

2.00%

2.06% -6,585.60
08/22/2024 1.98 238,414.40 0.24%

3.36%
MORGAN STANLEY PRV NY US RT 4,900.00 3.36%02.0000% MAT 08/22/24 FIXEDRATE CD /NY CD
Includes all fixed-rate securities in the selected portfolio. Average yields and durations exclude Structured Product, Pass-Through, Perpetual Preferred, and Foreign securities.Report created on: August 01, 2022 Page 20 of 31 Item #12. Page 55
Meeting Date: 8/23/2022 / Packet Page #: 184
Consolidated report prepared for City of Glendora
Bond holdings - as of July 31, 2022 (continued)Maturing 2024 Effective rating/
Underlying rating
(Mdy/Fitch/S&P) Quantity Coupon
Effective
maturity
Call date/
Call price ($)
Est. annual
income ($)/
Curr. yield (%)
YTM (%)/
YTW (%)
Modified
duration
Market
price ($)
Mkt. value ($)/
Accr. interest ($)
% of
bond
port.

Adjusted
cost basis ($)/
Unreal. g/l ($)
245,000 245,000.00 96.961
384.95

1.85%

1.91% -7,445.55
08/30/2024 2.04 237,554.45 0.24%

3.36%
FIRST NATL BK KS US RT 01.8500% 4,532.50 3.36%MAT 08/30/24 FIXED RATE CD /KS CD
245,000 245,000.00 96.860
374.55

1.80%

1.86% -7,693.00
08/30/2024 2.04 237,307.00 0.24%

3.36%
FIRST ST BK AR US RT 01.8000% 4,410.00 3.36%MAT 08/30/24 FIXED RATE CD /AR CD
2,000,000 1,988,920.00 94.700
4,791.67

0.63%

0.66% -94,920.00
09/13/2024 2.07 1,894,000.00 1.93%

3.23%
12,500.00 3.23%

NR/NR/NR
TOYOTA MOTOR CRDT CORP A1/A+/A+00.625% 091324 DTD091321FC031322 NTS B/E 2,000,000 2,000,000.00 94.605
3,128.89

0.44%

0.47% -107,900.00
09/23/2024 09/23/2022 2.11 1,892,100.00 1.92%

3.05%3.05%
100.00
8,800.00

NR/NR/NR
FFCB BOND 00.440 % DUE 092324 Aaa/AAA/AA+DTD 092321 FC 03232022 248,000 255,945.33 97.182
1,766.58

2.00%

2.06% -14,933.97
09/23/2024 2.07 241,011.36 0.25%

3.37%
MONEY ONE FED CRED MD US RT 4,960.00 3.37%02.0000% MAT 09/23/24 FIXEDRATE CD /MD CD
219,000 219,000.00 96.366
316.20

1.70%

1.76% -7,958.46
10/31/2024 NA 211,041.54 0.21%
NA
CITIZENS ST BK CLA WI US RT 3,723.00 NA01.7000% MAT 10/31/24 FIXEDRATE CD /WI CD
245,000 245,000.00 96.559
1,014.90

1.80%

1.86% -8,430.45
11/08/2024 2.20 236,569.55 0.24%

3.38%
RAYMOND JAMES BK N FL US RT 4,410.00 3.38%01.8000% MAT 11/08/24 FIXEDRATE CD /FL CD
245,000 245,000.00 96.813
876.97

1.95%

2.01% -7,808.15
11/25/2024 2.24 237,191.85 0.24%

3.38%
THIRD FED S&L ASSN OH US RT 4,777.50 3.38%01.9500% MAT 11/25/24 FIXEDRATE CD /OH CD
245,000 245,000.00 96.336

23.49 1.75%

1.82% -8,976.80
11/29/2024 2.28 236,023.20 0.24%

3.38%
MCHENRY SVGS BK IL US RT 4,287.50 3.38%01.7500% MAT 11/29/24 FIXEDRATE CD /IL CD
1,386,000 1,412,319.98 96.794
4,552.62

2.15%

2.22% -70,755.14
12/06/2024 11/06/2024 2.26 1,341,564.84 1.36%

3.58%3.58%
100.00
29,799.00

NR/NR/NR
TRUIST BANK NTS B/E 02.150% A2/A+/A120624 DTD120619 FC060620 2,000,000 2,000,000.00 95.340
2,802.22

0.97%

1.02% -93,200.00
12/09/2024 12/09/2022 2.30 1,906,800.00 1.94%

3.03%3.03%
100.00
19,400.00

NR/NR/NR
FEDERAL FARM CREDIT BANK Aaa/AAA/AA+00.970 % DUE 120924 DTD120921 FC 06092022 1,500,000 1,465,036.50 97.398
2,211.28

1.75%

1.80% -4,066.50
12/31/2024 2.34 1,460,970.00 1.49%

2.87%
26,250.00 2.87%

NR/NR/NR
US TSY NOTE 01.750 % DUE NR/AAA/NR12/31/24 DTD 12/31/19 FC06/30/20 Total 2024 19,054,000 1.85% 09/02/2024 $349,678.00

1.89%

3.20%3.20%

2.03 $19,132,281.3
$-619,192.50
$18,513,088.87
$72,371.99

18.83%
Maturing 2025
Effective rating/
Underlying rating
(Mdy/Fitch/S&P) Quantity Coupon
Effective
maturity
Call date/
Call price ($)
Est. annual
income ($)/
Curr. yield (%)
YTM (%)/
YTW (%)
Modified
duration
Market
price ($)
Mkt. value ($)/
Accr. interest ($)
% of
bond
port.

Adjusted
cost basis ($)/
Unreal. g/l ($)
1,124,000 1,165,658.09 97.455
1,408.12

2.05%

2.10% -70,263.89
01/09/2025 2.36 1,095,394.20 1.11%

3.14%
23,042.00 3.14%

NR/NR/NR
JOHN DEERE CAPITAL CORP A2/A/A02.050% 010925 DTD010920FC070920 NTS B/EIncludes all fixed-rate securities in the selected portfolio. Average yields and durations exclude Structured Product, Pass-Through, Perpetual Preferred, and Foreign securities.Report created on: August 01, 2022 Page 21 of 31 Item #12. Page 56
Meeting Date: 8/23/2022 / Packet Page #: 185
Consolidated report prepared for City of Glendora
Bond holdings - as of July 31, 2022 (continued)Maturing 2025 Effective rating/
Underlying rating
(Mdy/Fitch/S&P) Quantity Coupon
Effective
maturity
Call date/
Call price ($)
Est. annual
income ($)/
Curr. yield (%)
YTM (%)/
YTW (%)
Modified
duration
Market
price ($)
Mkt. value ($)/
Accr. interest ($)
% of
bond
port.

Adjusted
cost basis ($)/
Unreal. g/l ($)
1,017,000 1,067,903.15 99.868
706.25

3.13%

3.13% -52,245.59
01/23/2025 10/23/2024 2.37 1,015,657.56 1.03%

3.18%3.18%
100.00
31,781.25

NR/NR/NR
JPMORGAN CHASE & CO B/E A2/AA-/A03.125% 012325 DTD012315FC072315 1,000,000 1,053,965.85 99.765
12,675.00

2.70%

2.71% -56,315.85
02/12/2025 11/12/2024 2.40 997,650.00 1.01%

2.80%2.80%
100.00
27,000.00

NR/NR/NR
MICROSOFT CORP B/E 02.700% Aaa/AAA/AAA021225 DTD021215 FC081215CALL@MW+12.5BP 245,000 245,000.00 95.539

42.96 1.60%

1.67% -10,929.45
02/27/2025 2.52 234,070.55 0.24%

3.41%
BELL ST B&T ND US RT 01.6000% 3,920.00 3.41%MAT 02/27/25 FIXED RATE CD /ND CD
245,000 245,000.00 95.663

44.30 1.65%

1.72% -10,625.65
02/27/2025 2.52 234,374.35 0.24%

3.41%
CITADEL FED CREDIT PA US RT 4,042.50 3.41%01.6500% MAT 02/27/25 CREDITUNION SHARE CERT /PA CD
2,000,000 2,044,586.44 97.539
16,444.44

2.00%

2.05% -93,806.44
03/03/2025 02/03/2025 2.48 1,950,780.00 1.98%

2.99%2.99%
100.00
40,000.00

NR/NR/NR
MASTERCARD INC NTS B/E A1/NR/A+02.000% 030325 DTD120319FC030320 CALL@MW+10BP 245,000 245,273.67 96.022
1,800.25

1.80%

1.87% -10,019.77
03/04/2025 2.49 235,253.90 0.24%

3.41%
BMW BANK NORTH AME UT US RT 4,410.00 3.41%01.8000% MAT 03/04/25 FIXEDRATE CD /UT CD
245,000 245,000.00 93.911

80.55 1.00%

1.06% -14,918.05
03/19/2025 2.60 230,081.95 0.23%

3.42%
SOMERSET TRUST CO PA US RT 2,450.00 3.42%01.0000% MAT 03/19/25 FIXEDRATE CD /PA CD
1,054,000 1,132,718.62 100.321
12,542.60

3.40%

3.39% -75,335.28
03/25/2025 02/25/2025 2.41 1,057,383.34 1.08%

3.27%3.27%
100.00
35,836.00

NR/NR/NR
INTEL CORP NTS B/E 03.400% A1/A+/A+032525 DTD032520CALL@MW+45BP 245,000 245,000.00 96.426
1,718.36

2.00%

2.07% -8,756.30
03/25/2025 2.54 236,243.70 0.24%

3.42%
SYNCHRONY BANK UT US RT 4,900.00 3.42%02.0000% MAT 03/25/25 FIXEDRATE CD /UT CD
245,000 245,000.00 94.111

29.53 1.10%

1.17% -14,428.05
03/27/2025 2.61 230,571.95 0.23%

3.42%
SAN FRANCISCO FED CA US RT 2,695.00 3.42%01.1000% MAT 03/27/25 LICUSHARE CERTIFICATE /CA CD
245,000 245,000.00 94.510
139.62

1.30%

1.38% -13,450.50
04/15/2025 2.66 231,549.50 0.24%

3.42%
HORIZON BK NE US RT 01.3000% 3,185.00 3.42%MAT 04/15/25 FIXED RATE CD /NE CD
2,000,000 2,074,086.25 97.871
13,250.00

2.25%

2.30% -116,666.25
04/15/2025 03/15/2025 2.59 1,957,420.00 1.99%

3.07%3.07%
100.00
45,000.00

NR/NR/NR
TARGET CORP NTS B/E 02.250% A2/A/A041525 DTD033120 FC101520CALL@MW+30BP 245,000 245,000.00 94.663
960.53

1.35%

1.43% -13,075.65
04/16/2025 2.62 231,924.35 0.24%

3.42%
PACIFIC WSTN BK CA US RT 3,307.50 3.42%01.3500% MAT 04/16/25 FIXEDRATE CD /CA CD
2,000,000 2,000,000.00 93.956
3,944.44

0.71%

0.76% -120,880.00
04/21/2025 2.66 1,879,120.00 1.91%

3.04%
14,200.00 3.04%

NR/NR/NR
FFCB BOND 00.710 % DUE 042125 Aaa/AAA/AA+DTD 042121 FC 10212021 245,000 245,000.00 93.667
617.53

1.00%

1.07% -15,515.85
04/30/2025 2.67 229,484.15 0.23%

3.43%
CENTERSTATE BK NA FL US RT 2,450.00 3.43%01.0000% MAT 04/30/25 FIXEDRATE CD /FL CD
Includes all fixed-rate securities in the selected portfolio. Average yields and durations exclude Structured Product, Pass-Through, Perpetual Preferred, and Foreign securities.Report created on: August 01, 2022 Page 22 of 31 Item #12. Page 57
Meeting Date: 8/23/2022 / Packet Page #: 186
Consolidated report prepared for City of Glendora
Bond holdings - as of July 31, 2022 (continued)Maturing 2025 Effective rating/
Underlying rating
(Mdy/Fitch/S&P) Quantity Coupon
Effective
maturity
Call date/
Call price ($)
Est. annual
income ($)/
Curr. yield (%)
YTM (%)/
YTW (%)
Modified
duration
Market
price ($)
Mkt. value ($)/
Accr. interest ($)
% of
bond
port.

Adjusted
cost basis ($)/
Unreal. g/l ($)
245,000 245,000.00 93.797
648.41

1.05%

1.12% -15,197.35
04/30/2025 2.67 229,802.65 0.23%

3.43%
FLAGSTAR BANK, FSB MI US RT 2,572.50 3.43%01.0500% MAT 04/30/25 FIXEDRATE CD /MI CD
245,000 245,000.00 94.162
249.70

1.20%

1.27% -14,303.10
04/30/2025 2.70 230,696.90 0.23%

3.42%
PACIFIC CREST SVGS WA US RT 2,940.00 3.42%01.2000% MAT 04/30/25 FIXEDRATE CD /WA CD
245,000 245,000.00 93.011

96.66 0.80%

0.86% -17,123.05
05/13/2025 2.75 227,876.95 0.23%

3.43%
SAVOY BK NY US RT 00.8000% 1,960.00 3.43%MAT 05/13/25 FIXED RATE CD /NY CD
2,026,000 2,067,913.76 95.232
6,201.81

1.45%

1.52% -138,513.44
05/15/2025 2.70 1,929,400.32 1.96%

3.25%
29,377.00 3.25%

NR/NR/NR
CATERPILLAR FINL SERVICE A2/A/A01.450% 051525 DTD051520FC111520 CALL@MW+20BP 245,000 245,000.00 92.996

85.92 0.80%

0.86% -17,159.80
05/15/2025 2.75 227,840.20 0.23%

3.43%
ENCORE BANK AR US RT 00.8000% 1,960.00 3.43%MAT 05/15/25 FIXED RATE CD /AR CD
2,000,000 2,000,000.00 93.772
2,720.00

0.68%

0.73% -124,560.00
05/19/2025 2.74 1,875,440.00 1.91%

3.01%
13,600.00 3.01%

NR/NR/NR
FFCB BOND 00.680 % DUE 051925 Aaa/AAA/AA+DTD 051921 FC 11192021 2,000,000 2,000,000.00 93.561
2,304.44

0.61%

0.65% -128,780.00
05/23/2025 2.75 1,871,220.00 1.90%

3.01%
12,200.00 3.01%

NR/NR/NR
FFCB BOND 00.610 % DUE 052325 Aaa/AAA/AA+DTD 082321 FC 11232021 2,000,000 2,000,000.00 93.645
2,555.00

0.73%

0.78% -127,100.00
05/28/2025 08/28/2022 2.76 1,872,900.00 1.90%

3.09%3.09%
100.00
14,600.00

NR/NR/NR
FHLMC MED TERM NTS 00.730 % Aaa/AAA/NRDUE 052825 DTD 052820 FC11282020 1,000,000 1,002,762.55 94.024
1,288.89

0.80%

0.85% -62,522.55
06/03/2025 05/03/2025 2.77 940,240.00 0.96%

3.01%3.01%
100.00
8,000.00

NR/NR/NR
AMAZON COM INC NTS B/E A1/AA-/AA00.800% 060325 DTD060320CALL@MW+10BP 245,000 245,000.00 93.425
205.40

0.60%

0.64% -16,108.75
06/10/2025 2.80 228,891.25 0.23%

3.01%
STOCKMAN BK MT US RT 1,470.00 3.01%00.6000% MAT 06/10/25 FIXEDRATE CD /MT CD
2,000,000 2,000,000.00 93.646
1,500.00

0.60%

0.64% -127,080.00
06/16/2025 2.82 1,872,920.00 1.90%

2.92%
12,000.00 2.92%

NR/NR/NR
FFCB BOND 00.600 % DUE 061625 Aaa/AAA/AA+DTD 061621 FC 12162021 245,000 245,000.00 92.611

52.36 0.65%

0.70% -18,103.05
06/19/2025 2.85 226,896.95 0.23%

3.34%
ENERBANK UT US RT 00.6500% 1,592.50 3.34%MAT 06/19/25 FIXED RATE CD /UT CD
245,000 245,000.00 92.608

48.33 0.60%

0.65% -18,110.40
06/19/2025 2.86 226,889.60 0.23%

3.28%
MORTON CMNTY BK IL US RT 1,470.00 3.28%00.6000% MAT 06/19/25 FIXEDRATE CD /IL CD
245,000 245,000.00 92.553

20.14 0.60%

0.65% -18,245.15
06/26/2025 2.88 226,754.85 0.23%

3.29%
FIRST CAROLINA BK NC US RT 1,470.00 3.29%00.6000% MAT 06/26/25 FIXEDRATE CD /NC CD
2,000,000 2,000,000.00 93.619
1,041.67

0.63%

0.67% -127,620.00
06/30/2025 06/30/2023 2.85 1,872,380.00 1.90%

2.92%2.92%
100.00
12,500.00

NR/NR/NR
FHLB BOND 00.625 % DUE 063025 Aaa/NR/AA+DTD 063021 FC 12302021 2,141,000 2,187,956.86 95.514
1,617.65

1.70%

1.78% -143,002.12
07/15/2025 06/15/2025 2.85 2,044,954.74 2.08%

3.30%3.30%
100.00
36,397.00

NR/NR/NR
E I DU PONT DE NEMOURS A3/A/A01.700% 071525 DTD051520FC011521 CALL@MW+25BPIncludes all fixed-rate securities in the selected portfolio. Average yields and durations exclude Structured Product, Pass-Through, Perpetual Preferred, and Foreign securities.Report created on: August 01, 2022 Page 23 of 31 Item #12. Page 58
Meeting Date: 8/23/2022 / Packet Page #: 187
Consolidated report prepared for City of Glendora
Bond holdings - as of July 31, 2022 (continued)Maturing 2025 Effective rating/
Underlying rating
(Mdy/Fitch/S&P) Quantity Coupon
Effective
maturity
Call date/
Call price ($)
Est. annual
income ($)/
Curr. yield (%)
YTM (%)/
YTW (%)
Modified
duration
Market
price ($)
Mkt. value ($)/
Accr. interest ($)
% of
bond
port.

Adjusted
cost basis ($)/
Unreal. g/l ($)
1,000,000 998,500.00 93.370
111.11

0.50%

0.54% -64,800.00
07/23/2025 2.92 933,700.00 0.95%

2.83%
5,000.00 2.83%

NR/NR/NR
FHLMC MED TERM NTS 00.500 % Aaa/AAA/NRDUE 072325 DTD 072320 FC01232021 245,000 245,000.00 91.739
114.45

0.55%

0.60% -20,239.45
07/30/2025 2.97 224,760.55 0.23%

3.45%
MEDALLION BK UT US RT 1,347.50 3.45%00.5500% MAT 07/30/25 FIXEDRATE CD /UT CD
1,000,000 999,950.00 92.680
2,319.44

0.50%

0.54% -73,150.00
08/14/2025 08/14/2023 2.97 926,800.00 0.94%

3.04%3.04%
100.00
5,000.00

NR/NR/NR
FNMA NTS 00.500 % DUE 081425 Aaa/AAA/AA+DTD 081420 FC 02142021 1,000,000 1,078,248.12 100.069
15,562.50

3.38%

3.37% -77,558.12
08/15/2025 05/15/2025 2.63 1,000,690.00 1.02%

3.35%3.35%
100.00
33,750.00

NR/NR/NR
COMCAST CORP NEW B/E A3/A-/A03.375% 081525 DTD052715FC081515 CALL@MW+20BP 245,000 245,000.00 91.095

13.42 0.40%

0.44% -21,817.25
08/26/2025 3.05 223,182.75 0.23%

3.46%
COMMUNITY BK TN US RT 980.00 3.46%00.4000% MAT 08/26/25 FIXEDRATE CD /TN CD
245,000 245,000.00 91.079

8.05 0.40%

0.44% -21,856.45
08/28/2025 3.05 223,143.55 0.23%

3.46%
BANK3 TENNESSEE TN US RT 980.00 3.46%00.4000% MAT 08/28/25 FIXEDRATE CD /TN CD
245,000 245,000.00 91.071

80.55 0.40%

0.44% -21,876.05
08/29/2025 3.06 223,123.95 0.23%

3.46%
HOME LN INVT BK RI US RT 980.00 3.46%00.4000% MAT 08/29/25 FIXEDRATE CD /RI CD
2,000,000 2,000,000.00 93.190
4,986.67

0.66%

0.71% -136,200.00
09/15/2025 09/15/2022 3.05 1,863,800.00 1.90%

2.96%2.96%
100.00
13,200.00

NR/NR/NR
FFCB BOND 00.660 % DUE 091525 Aaa/AAA/AA+DTD 091521 FC 03152022 245,000 245,000.00 90.887

24.16 0.40%

0.44% -22,326.85
09/22/2025 09/22/2022 3.12 222,673.15 0.23%

3.46%3.46%
100.00
AMERICAN COMM BK GA US RT 980.0000.4000% MAT 09/22/25 FIXEDRATE CD /GA CD
108,000 108,000.00 90.941
135.67

0.35%

0.38% -9,783.72
09/22/2025 3.08 98,216.28 0.10%

3.41%
CHAMBERS BANK AK US RT 378.00 3.41%00.3500% MAT 09/22/25 FIXEDRATE CD /AK CD
245,000 245,000.00 91.146
107.40

0.50%

0.55% -21,692.30
09/29/2025 09/29/2022 3.12 223,307.70 0.23%

3.46%3.46%
100.00
USALLIANCE FED CRE NY US RT 1,225.0000.5000% MAT 09/29/25 FIXEDRATE CD /NY CD
245,000 245,000.00 91.773
573.23

0.70%

0.76% -20,156.15
09/30/2025 09/30/2022 3.08 224,843.85 0.23%

3.46%3.46%
100.00
JPMORGAN CHASE BK OH US RT 1,715.0000.7000% MAT 09/30/25 FIXEDRATE CD /OH CD
245,000 245,000.00 90.728

32.22 0.60%

0.66% -22,716.40
10/23/2025 08/23/2022 3.19 222,283.60 0.23%

3.64%3.64%
100.00
TEXAS EXCHANGE BK TX US RT 1,470.0000.6000% MAT 10/23/25 FIXEDRATE CD /TX CD
2,000,000 2,000,000.00 92.861
2,820.00

0.54%

0.58% -142,780.00
10/27/2025 10/27/2022 3.17 1,857,220.00 1.89%

2.86%2.86%
100.00
10,800.00

NR/NR/NR
FNMA NTS 00.540 % DUE 102725 Aaa/AAA/AA+DTD 102720 FC 04272021 2,000,000 2,000,000.00 92.818
2,302.22

0.56%

0.60% -143,640.00
11/17/2025 11/17/2022 3.22 1,856,360.00 1.89%

2.86%2.86%
100.00
11,200.00

NR/NR/NR
FNMA NTS 00.560 % DUE 111725 Aaa/AAA/AA+DTD 111720 FC 05172021Includes all fixed-rate securities in the selected portfolio. Average yields and durations exclude Structured Product, Pass-Through, Perpetual Preferred, and Foreign securities.Report created on: August 01, 2022 Page 24 of 31 Item #12. Page 59
Meeting Date: 8/23/2022 / Packet Page #: 188
Consolidated report prepared for City of Glendora
Bond holdings - as of July 31, 2022 (continued)Maturing 2025 Effective rating/
Underlying rating
(Mdy/Fitch/S&P) Quantity Coupon
Effective
maturity
Call date/
Call price ($)
Est. annual
income ($)/
Curr. yield (%)
YTM (%)/
YTW (%)
Modified
duration
Market
price ($)
Mkt. value ($)/
Accr. interest ($)
% of
bond
port.

Adjusted
cost basis ($)/
Unreal. g/l ($)
2,000,000 2,000,000.00 92.728
2,233.33

0.60%

0.65% -145,440.00
11/24/2025 3.24 1,854,560.00 1.89%

2.91%
12,000.00 2.91%

NR/NR/NR
FFCB BOND 00.600 % DUE 112425 Aaa/AAA/AA+DTD 112420 FC 05242021 245,000 245,000.00 90.591
157.74

0.50%

0.55% -23,052.05
12/15/2025 3.30 221,947.95 0.23%

3.47%
BK HAPOALIM BM NY US RT 1,225.00 3.47%00.5000% MAT 12/15/25 FIXEDRATE CD /NY CD
Total 2025 42,840,000 1.20% 06/18/2025 $504,558.75

1.24%

3.09%3.09%

2.79 $43,352,523.3
$-2,799,846.12
$40,552,677.24
$118,623.02

41.24%
Maturing 2026
Effective rating/
Underlying rating
(Mdy/Fitch/S&P) Quantity Coupon
Effective
maturity
Call date/
Call price ($)
Est. annual
income ($)/
Curr. yield (%)
YTM (%)/
YTW (%)
Modified
duration
Market
price ($)
Mkt. value ($)/
Accr. interest ($)
% of
bond
port.

Adjusted
cost basis ($)/
Unreal. g/l ($)
2,000,000 2,002,728.17 92.012
622.22

0.70%

0.76% -162,488.17
01/15/2026 3.37 1,840,240.00 1.87%

3.15%
14,000.00 3.15%

NR/NR/NR
JOHN DEERE CPTL CORP 00.700% A2/A/A011526 DTD010721 FC071521MED TERM NTS 1,200,000 1,200,000.00 88.990
4,133.33

0.80%

0.90% -132,120.00
02/26/2026 02/26/2024 3.44 1,067,880.00 1.09%

4.15%4.15%
100.00
9,600.00

NR/NR/NR
JPMORGAN CHASE & CO 00.800% A2/AA-/A022626 DTD022621 FC082621MED TERM NTS 2,000,000 1,989,860.00 91.773
7,000.00

0.90%

0.98% -154,400.00
03/11/2026 02/11/2026 3.49 1,835,460.00 1.87%

3.33%3.33%
100.00
18,000.00

NR/NR/NR
CHARLES SCHWAB CORP NTS A2/A/A00.900% 031126 DTD121120FC031121 CALL@MW+10BP 245,000 245,000.00 90.867
230.90

0.80%

0.88% -22,375.85
03/18/2026 09/18/2022 3.55 222,624.15 0.23%

3.49%3.49%
100.00
BMO HARRIS BK NA IL US RT 1,960.0000.8000% MAT 03/18/26 FIXEDRATE CD /IL CD
245,000 245,000.00 91.193
773.26

0.90%

0.99% -21,577.15
03/25/2026 3.53 223,422.85 0.23%

3.49%
STATE BANK OF INDI NY US RT 2,205.00 3.49%00.9000% MAT 03/25/26 FIXEDRATE CD /NY CD
2,000,000 2,000,000.00 93.804
7,000.00

1.05%

1.12% -123,920.00
03/30/2026 NA 1,876,080.00 1.91%
NA
21,000.00 NA

NR/NR/NR
FHLB NTS 1.0500% DUE 033026 Aaa/NR/AA+DTD 033021 FC 09302021 245,000 245,000.00 91.280
197.68

0.95%

1.04% -21,364.00
03/31/2026 07/31/2022 NA 223,636.00 0.23%
NANA
100.00
BANKUNITED NA FLOR FL US RT 2,327.5000.9500% MAT 03/31/26 FIXEDRATE CD /FL CD
245,000 245,000.00 91.172
191.30

0.95%

1.04% -21,628.60
04/16/2026 3.64 223,371.40 0.23%

3.49%
GREENSTATE CREDIT IA US RT 2,327.50 3.49%00.9500% MAT 04/16/26 FIXEDRATE CD /IA CD
245,000 245,000.00 91.011
604.11

0.90%

0.99% -22,023.05
04/22/2026 3.60 222,976.95 0.23%

3.49%
TOYOTA FINL SVG BK NV US RT 2,205.00 3.49%00.9000% MAT 04/22/26 FIXEDRATE CD /NV CD
2,000,000 2,000,000.00 94.667
2,111.11

0.50%

0.53% -106,660.00
05/15/2026 05/15/2023 NA 1,893,340.00 1.93%
NANA
100.00
10,000.00

NR/NR/NR
INTL FIN CORP NTS 00.500 % DUE Aaa/NR/AAA051526 DTD 052821 FC 11152021 2,000,000 2,003,643.65 92.999
4,855.56

1.15%

1.24% -143,663.65
05/15/2026 04/15/2026 3.65 1,859,980.00 1.89%

3.12%3.12%
100.00
23,000.00

NR/NR/NR
UNITED HEALTH GROUP INC A3/A/A+01.150% 051526 DTD051921FC111521 CALL@MW+07.50BPIncludes all fixed-rate securities in the selected portfolio. Average yields and durations exclude Structured Product, Pass-Through, Perpetual Preferred, and Foreign securities.Report created on: August 01, 2022 Page 25 of 31 Item #12. Page 60
Meeting Date: 8/23/2022 / Packet Page #: 189
Consolidated report prepared for City of Glendora
Bond holdings - as of July 31, 2022 (continued)Maturing 2026 Effective rating/
Underlying rating
(Mdy/Fitch/S&P) Quantity Coupon
Effective
maturity
Call date/
Call price ($)
Est. annual
income ($)/
Curr. yield (%)
YTM (%)/
YTW (%)
Modified
duration
Market
price ($)
Mkt. value ($)/
Accr. interest ($)
% of
bond
port.

Adjusted
cost basis ($)/
Unreal. g/l ($)
245,000 245,000.00 90.412

85.58 0.85%

0.94% -23,490.60
06/16/2026 12/16/2022 3.80 221,509.40 0.23%

3.49%3.49%
100.00
UBS BANK UT US RT 00.8500% 2,082.50MAT 06/16/26 FIXED RATE CD /UT CD
245,000 245,000.00 100.200
738.69

3.55%

3.54% 490.00
06/30/2026 12/30/2022 0.42 245,490.00 0.25%

3.06%3.49%
100.00
ALLY BK UT US RT 03.5500% MAT 8,697.5006/30/26 FIXED RATE CD /UT CD
2,000,000 2,000,000.00 94.015
1,250.00

0.75%

0.80% -119,700.00
06/30/2026 09/30/2022 NA 1,880,300.00 1.91%
NANA
100.00
15,000.00

NR/NR/NR
FHLB BOND STEP-UP 00.750 % DUE Aaa/NR/AA+063026 DTD 063021 FC 12302021 2,000,000 2,000,000.00 94.958
1,250.00

0.75%

0.79% -100,840.00
06/30/2026 09/30/2022 NA 1,899,160.00 1.93%
NANA
100.00
15,000.00

NR/NR/NR
FHLB NTS 0.7500% DUE 063026 Aaa/NR/AA+DTD 063021 FC 12302021 245,000 245,000.00 89.814
145.66

0.70%

0.78% -24,955.70
07/01/2026 3.81 220,044.30 0.22%

3.50%
NEW YORK CMNTY BK NY US RT 1,715.00 3.50%00.7000% MAT 07/01/26 FIXEDRATE CD /NY CD
1,000,000 968,385.25 92.338
4,900.00

1.05%

1.14% -45,005.25
08/13/2026 08/13/2022 3.88 923,380.00 0.94%

3.08%3.08%
100.00
10,500.00

NR/NR/NR
FHLB BOND 01.050 % DUE 081326 Aaa/NR/AA+DTD 081321 FC 02132022 245,000 245,000.00 89.831
161.10

0.80%

0.89% -24,914.05
08/13/2026 3.96 220,085.95 0.22%

3.50%
LIVE OAK BKG CO NC US RT 1,960.00 3.50%00.8000% MAT 08/13/26 FIXEDRATE CD /NC CD
2,000,000 2,000,000.00 92.734
4,305.56

0.50%

0.54% -145,320.00
08/26/2026 08/26/2022 NA 1,854,680.00 1.89%
NANA
100.00
10,000.00

NR/NR/NR
FHLB NTS 00.500 % DUE 082626 Aaa/NR/AA+DTD 082621 FC 02262022 2,000,000 2,000,000.00 87.740
8,983.33

1.05%

1.20% -245,200.00
08/27/2026 08/27/2023 3.89 1,754,800.00 1.78%

4.36%4.36%
100.00
21,000.00

NR/NR/NR
MORGAN STANLEY FIN LLC A1/A/A01.050% 082726 DTD082721FC022722 MED TERM NTS 2,000,000 2,000,000.00 91.846
6,423.33

0.94%

1.02% -163,080.00
09/28/2026 09/28/2022 4.01 1,836,920.00 1.87%

3.04%3.04%
100.00
18,800.00

NR/NR/NR
FFCB NTS 00.940 % DUE 092826 Aaa/AAA/AA+DTD 092821 FC 03282022 1,000,000 982,052.13 93.523
2,812.50

1.13%

1.20% -46,822.13
10/31/2026 4.10 935,230.00 0.95%

2.75%
11,250.00 2.75%

NR/NR/NR
US TSY NOTE 01.125 % DUE NR/AAA/NR10/31/26 DTD 10/31/21 FC04/30/22 245,000 245,000.00 90.576
524.90

1.15%

1.27% -23,088.80
11/24/2026 4.14 221,911.20 0.23%

3.52%
CAPITAL ONE BK USA VA US RT 2,817.50 3.52%01.1500% MAT 11/24/26 FIXEDRATE CD /VA CD
245,000 245,000.00 90.576
524.90

1.15%

1.27% -23,088.80
11/24/2026 4.14 221,911.20 0.23%

3.52%
CAPITAL ONE NA VA US RT 2,817.50 3.52%01.1500% MAT 11/24/26 FIXEDRATE CD /VA CD
Total 2026 25,895,000 0.88% 06/10/2026 $228,265.00

0.95%

3.40%3.40%

3.66 $25,841,669.2
$-1,917,235.80
$23,924,433.40
$59,825.04

24.33%
Maturing 2027
Effective rating/
Underlying rating
(Mdy/Fitch/S&P) Quantity Coupon
Effective
maturity
Call date/
Call price ($)
Est. annual
income ($)/
Curr. yield (%)
YTM (%)/
YTW (%)
Modified
duration
Market
price ($)
Mkt. value ($)/
Accr. interest ($)
% of
bond
port.

Adjusted
cost basis ($)/
Unreal. g/l ($)
2,000,000 2,000,000.00 95.449
511.11

1.84%

1.93% -91,020.00
01/26/2027 4.26 1,908,980.00 1.94%

2.93%
36,800.00 2.93%

NR/NR/NR
FFCB BOND 01.840 % DUE 012627 Aaa/AAA/AA+DTD 012622 FC 07262022Includes all fixed-rate securities in the selected portfolio. Average yields and durations exclude Structured Product, Pass-Through, Perpetual Preferred, and Foreign securities.Report created on: August 01, 2022 Page 26 of 31 Item #12. Page 61
Meeting Date: 8/23/2022 / Packet Page #: 190
Consolidated report prepared for City of Glendora
Bond holdings - as of July 31, 2022 (continued)Maturing 2027 Effective rating/
Underlying rating
(Mdy/Fitch/S&P) Quantity Coupon
Effective
maturity
Call date/
Call price ($)
Est. annual
income ($)/
Curr. yield (%)
YTM (%)/
YTW (%)
Modified
duration
Market
price ($)
Mkt. value ($)/
Accr. interest ($)
% of
bond
port.

Adjusted
cost basis ($)/
Unreal. g/l ($)
2,000,000 2,000,000.00 95.604
16,910.00

1.78%

1.86% -87,920.00
02/10/2027 02/10/2023 4.27 1,912,080.00 1.94%

2.82%2.82%
100.00
35,600.00

NR/NR/NR
FHLB BOND 01.780 % DUE 021027 Aaa/NR/AA+DTD 021022 FC 08102022 245,000 245,000.00 92.318
342.33

1.70%

1.84% -18,820.90
02/18/2027 4.37 226,179.10 0.23%

3.53%
METRO CREDIT UNION MA US RT 4,165.00 3.53%01.7000% MAT 02/18/27 LICUSHARE CERTIFICATE /MA CD
245,000 245,000.00 92.318
148.34

1.70%

1.84% -18,820.90
02/18/2027 4.37 226,179.10 0.23%

3.53%
PENTAGON FED CREDI VA US RT 4,165.00 3.53%01.7000% MAT 02/18/27 CREDITUNION SHARE CERT /VA CD
3,215,000 3,075,098.40 95.812
28,002.65

2.01%

2.10% 5,257.40
02/25/2027 08/25/2022 4.28 3,080,355.80 3.13%

3.00%3.00%
100.00
64,621.50

NR/NR/NR
FHLB BOND 02.010 % DUE 022527 Aaa/NR/AA+DTD 022522 FC 08252022 245,000 246,016.86 93.560
2,027.12

2.00%

2.14% -16,794.86
03/02/2027 4.29 229,222.00 0.23%

3.53%
EAGLEMARK SVGS BK NV US RT 4,900.00 3.53%02.0000% MAT 03/02/27 FIXEDRATE CD /NV CD
245,000 245,000.00 98.496
1,460.60

3.20%

3.25% -3,684.80
05/24/2027 4.40 241,315.20 0.25%

3.54%
DISCOVER BANK DE US RT 7,840.00 3.54%03.2000% MAT 05/24/27 FIXEDRATE CD /DE CD
245,000 245,000.00 98.684
349.04

3.25%

3.29% -3,224.20
06/15/2027 4.50 241,775.80 0.25%

3.54%
LAFAYETTE FED CRED MD US RT 7,962.50 3.54%03.2500% MAT 06/15/27 LICUSHARE CERTIFICATE /MD CD
Total 2027 8,440,000 1.97% 02/20/2027 $166,054.00

2.06%

3.02%3.02%

4.29 $8,301,115.26
$-235,028.26
$8,066,087.00
$49,751.20

8.20%
Effective rating/
Underlying rating
(Mdy/Fitch/S&P)
Mkt. value ($)/
Accr. interest ($)
Adjusted
cost basis ($)/
Unreal. g/l ($)
Call date/
Coupon Call price ($)
Modified
duration
YTM (%)/
YTW (%)
Est. annual
income ($)/
Quantity Curr. yield (%)
Effective
maturity
% of
bond
port.

Market
price ($)

3.13%3.13%
07/16/2025 NA 2.76 $103,985,948. NA $98,321,665.81
$-5,664,282.21
103,579,00

1.42% $316,284.48

1.37% $1,391,925.75 100%
Total Bond Portfolio
$98,637,950.29
Includes all fixed-rate securities in the selected portfolio. Average yields and durations exclude Structured Product, Pass-Through, Perpetual Preferred, and Foreign securities.Report created on: August 01, 2022 Page 27 of 31 Item #12. Page 62
Meeting Date: 8/23/2022 / Packet Page #: 191
Important information about this report
Disclosures applicable to accounts at UBS Financial Services Inc.This section contains important disclosures regarding theinformation and valuations presented here. Allinformation presented is subject to change at any timeand is provided only as of the date indicated. Theinformation in this report is for informational purposesonly and should not be relied upon as the basis of aninvestment or liquidation decision. UBS FS accountstatements and official tax documents are the onlyofficial record of your accounts and are not replaced,amended or superseded by any of the informationpresented in these reports. You should not rely on thisinformation in making purchase or sell decisions, for taxpurposes or otherwise.UBS FS offers a number of investment advisory programsto clients, acting in our capacity as an investmentadviser, including fee-based financial planning,discretionary account management, non-discretionaryinvestment advisory programs, and advice on theselection of investment managers and mutual fundsoffered through our investment advisory programs.When we act as your investment adviser, we will have awritten agreement with you expressly acknowledgingour investment advisory relationship with you anddescribing our obligations to you. At the beginning ofour advisory relationship, we will give you our Form ADVbrochure(s) for the program(s) you selected that providesdetailed information about, among other things, theadvisory services we provide, our fees, our personnel,our other business activities and financial industryaffiliations and conflicts between our interests and yourinterests.In our attempt to provide you with the highest qualityinformation available, we have compiled this reportusing data obtained from recognized statistical sourcesand authorities in the financial industry. While webelieve this information to be reliable, we cannot makeany representations regarding its accuracy orcompleteness. Please keep this guide as your AdvisoryReview.Please keep in mind that most investment objectives arelong term. Although it is important to evaluate yourportfolio's performance over multiple time periods, webelieve the greatest emphasis should be placed on thelonger period returns.Please review the report content carefully and contactyour Financial Advisor with any questions.Client Accounts: This report may include all assets inthe accounts listed and may include eligible andineligible assets in a fee-based program. Since ineligibleassets are not considered fee-based program assets, theinclusion of such securities will distort the actualperformance of your accounts and does not reflect theperformance of your accounts in the fee-based program.As a result, the performance reflected in this report can vary substantially from the individual accountperformance reflected in the performance reportsprovided to you as part of those programs. For feebased programs, fees are charged on the market valueof eligible assets in the accounts and assessed quarterlyin advance, prorated according to the number ofcalendar days in the billing period. When shown on areport, the risk profile and return objectives describeyour overall goals for these accounts. For each accountyou maintain, you choose one return objective and aprimary risk profile. If you have questions regardingthese objectives or wish to change them, please contactyour Financial Advisor to update your account records.Performance: This report presents account activity andperformance depending on which inception type you'vechosen. The two options are: (1) All Assets (SincePerformance Start): This presents performance for allassets since the earliest possible date; (2) Advisory Assets(Advisory Strategy Start) for individual advisory accounts:This presents Advisory level performance since the LatestStrategy Start date; If an account that has never beenmanaged is included in the consolidated report, the totalperformance of that unmanaged account will beincluded since inception.Time-weighted Returns for accounts / SWP/AAPsleeves (Monthly periods): The report displays a timeweighted rate of return (TWR) that is calculated usingthe Modified Dietz Method. This calculation uses thebeginning and ending portfolio values for the monthand weighs each contribution/withdrawal based uponthe day the cash flow occurred. Periods greater than onemonth are calculated by linking the monthly returns. TheTWR gives equal weighting to every return regardless ofamount of money invested, so it is an effective measurefor returns on a fee based account. All periods shownwhich are greater than 12 months are annualized. Thisapplies to all performance for all assets before09/30/2010, Advisory assets before 12/31/2010 andSWP sleeves before 04/30/2018.Time-weighted Returns for accounts / SWP/AAPsleeves (Daily periods): The report displays a timeweighted rate of return (TWR) that is calculated bydividing the portfolio's daily gain/loss by the previousday's closing market value plus the net value of cashflows that occurred during the day, if it was positive. TheTWR gives equal weighting to every return regardless ofamount of money invested, so it is an effective measurefor returns on a fee based account. Periods greater thanone day are calculated by linking the daily returns. Allperiods shown which are greater than 12 months areannualized. For reports generated prior to 01/26/2018,the performance calculations used the account's end ofday value on the performance inception (listed in thereport under the column "ITD") and all cash flows wereposted at end of day. As a result of the change, theoverall rate of return (TWR) and beginning market valuedisplayed can vary from prior generated reports. This applies to all performance for all assets on or after09/30/2010, Advisory assets on or after 12/31/2010,SWP/AAP sleeves on or after 04/30/2018 as well as allAsset Class and Security level returns.Money-weighted returns: Money-weighted return(MWR) is a measure of the rate of return for an asset orportfolio of assets. It is calculated by finding the dailyInternal Rate of Return (IRR) for the period and thencompounding this return by the number of days in theperiod being measured. The MWR incorporates the sizeand timing of cash flows, so it is an effective measure ofreturns on a portfolio.Annualized Performance: All performance periodsgreater than one year are calculated (unless otherwisestated) on an annualized basis, which represents thereturn on an investment multiplied or divided to give acomparable one year return.Cumulative Performance: A cumulative return is theaggregate amount that an investment has gained or lostover time, independent of the period of time involved.Net of Fees and Gross of Fees Performance:Performance is presented on a "net of fees" and "grossof fees" basis, where indicated. Net returns do notreflect Program and wrap fees prior to 10/31/10 foraccounts that are billed separately via invoice through aseparate account billing arrangement. Gross returns donot reflect the deduction of fees, commissions or othercharges. The payment of actual fees and expenses willreduce a client's return. The compound effect of suchfees and expenses should be considered when reviewingreturns. For example, the net effect of the deduction offees on annualized performance, including thecompounded effect over time, is determined by therelative size of the fee and the account's investmentperformance. It should also be noted that where grossreturns are compared to an index, the indexperformance also does not reflect any transaction costs,which would lower the performance results. Marketindex data maybe subject to review and revision.Benchmark/Major Indices: The past performance of anindex is not a guarantee of future results. Anybenchmark is shown for informational purposes onlyand relates to historical performance of market indicesand not the performance of actual investments.Although most portfolios use indices as benchmarks,portfolios are actively managed and generally are notrestricted to investing only in securities in the index. As aresult, your portfolio holdings and performance may varysubstantially from the index. Each index reflects anunmanaged universe of securities without any deductionfor advisory fees or other expenses that would reduceactual returns, as well as the reinvestment of all incomeand dividends. An actual investment in the securitiesincluded in the index would require an investor to incurtransaction costs, which would lower the performance results. Indices are not actively managed and investorscannot invest directly in the indices. Market index datamaybe subject to review and revision. Further, there isno guarantee that an investor's account will meet orexceed the stated benchmark. Index performanceinformation has been obtained from third partiesdeemed to be reliable. We have not independentlyverified this information, nor do we make anyrepresentations or warranties to the accuracy orcompleteness of this information.Blended Index - For Advisory accounts, Blended Index isdesigned to reflect the asset categories in which youraccount is invested. For Brokerage accounts, you havethe option to select any benchmark from the list.For certain products, the blended index represents theinvestment style corresponding to your client targetallocation. If you change your client target allocation,your blended index will change in step with your changeto your client target allocation.Blended Index 2 - 8 - are optional indices selected by youwhich may consist of a blend of indexes. For advisoryaccounts, these indices are for informational purposesonly. Depending on the selection, the benchmarkselected may not be an appropriate basis for comparisonof your portfolio based on it's holdings.For strategies that are highly customized, such asConcentrated Equity Solutions (CES), benchmarks arebroad market indices included for general reference andare not intended to show comparative marketperformance or potential portfolios with risk or returnprofiles similar to your account. Benchmark indices areshown for illustrative purposes only.Custom Time Periods: If represented on this report, theperformance start date and the performance end datehave been selected by your Financial Advisor in order toprovide performance and account activity informationfor your account for the specified period of time only. Asa result, only a portion of your account's activity andperformance information is presented in theperformance report, and, therefore, presents a distortedrepresentation of your account's activity andperformance.Net Deposits/Withdrawals: When shown on a report,this information represents the net value of all cash andsecurities contributions and withdrawals, program fees(including wrap fees) and other fees added to orsubtracted from your accounts from the first day to thelast day of the period. When fees are shown separately,net deposits / withdrawals does not include programfees (including wrap fees). When investment return isdisplayed net deposits / withdrawals does not includeprogram fees (including wrap fees). For securitycontributions and withdrawals, securities are calculatedusing the end of day UBS FS price on the day securities Report created on: August 01, 2022 Page 28 of 31
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Disclosures applicable to accounts at UBS Financial Services Inc. (continued) are delivered in or out of the accounts. Wrap fees will beincluded in this calculation except when paid via aninvoice or through a separate accounts billingarrangement. When shown on Client summary and/orPortfolio review report, program fees (including wrapfees) may not be included in net deposits/withdrawals.PACE Program fees paid from sources other than yourPACE account are treated as a contribution. A PACEProgram Fee rebate that is not reinvested is treated as awithdrawal.Deposits: When shown on a report, this informationrepresents the net value of all cash and securitiescontributions added to your accounts from the first dayto the last day of the period. On Client Summary Reportand/or Portfolio Review Report, this may exclude theOpening balance. For security contributions, securitiesare calculated using the end of day UBS FS price on theday securities are delivered in or out of the accounts.Withdrawals: When shown on a report, thisinformation represents the net value of all cash andsecurities withdrawals subtracted from your accountsfrom the first day to the last day of the period. On Clientsummary and/or portfolio review report Withdrawalsmay not include program fees (including wrap fees). Forsecurity withdrawals, securities are calculated using theend of day UBS FS price on the day securities aredelivered in or out of the accounts.Dividends/Interest: Dividend and interest earned,when shown on a report, does not reflect your account'stax status or reporting requirements. Use only official taxreporting documents (i.e. 1099) for tax reportingpurposes. The classification of private investmentdistributions can only be determined by referring to theofficial year-end tax-reporting document provided by theissuer.Change in Accrued Interest: When shown on a report,this information represents the difference between theaccrued interest at the beginning of the period from theaccrued interest at the end of the period.Change in Value: Represents the change in value of theportfolio during the reporting period, excludingadditions/withdrawals, dividend and interest incomeearned and accrued interest. Change in Value mayinclude programs fees (including wrap fees) and otherfees.Fees: Fees represented in this report include programand wrap fees. Program and wrap fees prior to October1, 2010 for accounts that are billed separately via invoicethrough a separate account billing arrangement are notincluded in this report.Performance Start Date Changes: The PerformanceStart Date for accounts marked with a '^' have changed.Performance figures of an account with a changed Performance Start Date may not include the entirehistory of the account. The new Performance Start Datewill generate performance returns and activityinformation for a shorter period than is available at UBSFS. As a result, the overall performance of theseaccounts may generate better performance than theperiod of time that would be included if the report usedthe inception date of the account. UBS FS recommendsreviewing performance reports that use the inceptiondate of the account because reports with longer timeframes are usually more helpful when evaluatinginvestment programs and strategies. Performancereports may include accounts with inception dates thatprecede the new Performance Start Date and will showperformance and activity information from the earliestavailable inception date.The change in Performance Start Date may be the resultof a performance gap due to a zero-balance thatprevents the calculation of continuous returns from theinception of the account. The Performance Start Datemay also change if an account has failed one of ourperformance data integrity tests. In such instances, theaccount will be labeled as 'Review Required' andperformance prior to that failure will be restricted.Finally, the Performance Start Date will change if youhave explicitly requested a performance restart. Pleasecontact your Financial Advisor for additional detailsregarding your new Performance Start Date.Closed Account Performance: Accounts that havebeen closed may be included in the consolidatedperformance report. When closed accounts are includedin the consolidated report, the performance report willonly include information for the time period the accountwas active during the consolidated performancereporting time period.Important information on options-based strategies:Options involve risk and are not suitable for everyone.Prior to buying or selling an option investors must read acopy of the Characteristics & Risks of StandardizedOptions, also known as the options disclosure document(ODD). It explains the characteristics and risks ofexchange traded options. The options risk disclosuredocument can be accessed at the following webaddress: www.optionsclearing.com/about/publications/character-risks.Concentrated Equity Solutions (CES) managers are notinvolved in the selection of the underlying stockpositions. The Manager will advise only on the optionsselection in order to pursue the strategy in connectionwith the underlying stock position(s) deposited in theaccount. It is important to keep this in mind whenevaluating the manager's performance since theaccount's performance will include the performance ofthe underlying equity position that is not beingmanaged. CES use options to seek to achieve yourinvestment objectives regarding your concentrationstock position. Options strategies change the potential return profile of your stock. In certain scenarios, such ascall writing, the call position will limit your ability toparticipate in any potential increase in the underlyingequity position upon which the call was written.Therefore, in some market conditions, particularly duringperiods of significant appreciation of the underlyingequity position(s), the CES account will decrease theperformance that would have been achieved had thestock been held long without implementing the CESstrategy.Portfolio: For purposes of this report "portfolio" isdefined as all of the accounts presented on the coverpage or the header of this report and does notnecessarily include all of the client's accounts held atUBS FS or elsewhere.Percentage: Portfolio (in the "% Portfolio / Total"column) includes all holdings held in the account(s)selected when this report was generated. Broad assetclass (in the "% broad asset class" column) includes allholdings held in that broad asset class in the account(s)selected when this report was generated.Tax lots: This report displays security tax lots as eitherone line item (i.e., lumped tax lots) or as separate tax lotlevel information. If you choose to display security taxlots as one line item, the total cost equals the total valueof all tax lots. The unit cost is an average of the totalcost divided by the total number of shares. If the shareswere purchased in different lots, the unit price listeddoes not represent the actual cost paid for each lot. Theunrealized gain/loss value is calculated by combining thetotal value of all tax lots plus or minus the total marketvalue of the security.If you choose to display tax lot level information asseparate line items on the Portfolio Holdings report, thetax lot information may include information fromsources other than UBS FS. The Firm does notindependently verify or guarantee the accuracy orvalidity of any information provided by sources otherthan UBS FS. As a result this information may not beaccurate and is provided for informational purposesonly. Clients should not rely on this information inmaking purchase or sell decisions, for tax purposes orotherwise. See your monthly statement for additionalinformation.Pricing: All securities are priced using the closing pricereported on the last business day preceding the date ofthis report. Every reasonable attempt has been made toaccurately price securities; however, we make nowarranty with respect to any security's price. Please referto the back of the first page of your UBS FS accountstatement for important information regarding thepricing used for certain types of securities, the sources ofpricing data and other qualifications concerning thepricing of securities. To determine the value of securitiesin your account, we generally rely on third party quotation services. If a price is unavailable or believed tobe unreliable, we may determine the price in good faithand may use other sources such as the last recordedtransaction. When securities are held at anothercustodian or if you hold illiquid or restricted securities forwhich there is no published price, we will generally relyon the value provided by the custodian or issuer of thatsecurity.Cash: Cash on deposit at UBS Bank USA is protected bythe Federal Deposit Insurance Corporation (FDIC) up to$250,000 in principal and accrued interest per depositorfor each ownership type. Deposits made in anindividual's own name, joint name, or individualretirement account are each held in a separate type ofownership. Such deposits are not guaranteed by UBS FS.More information is available upon request.Margin: The quantity value may indicate that all or partof this position is held on margin or held in the shortaccount. When an account holds a debit balance, thisdebit balance is incorporated into the account's totalmarket value and deducted from the total value. Whencalculating the percent of portfolio on each security, thepercentage will be impacted by the total market value ofthe account. Therefore, if the account's market value isreduced by a debit value of a holding the percent ofportfolio will be greater and if the account's marketvalue is increased by a holding then the percent ofportfolio will be less.Asset Allocation: Your allocation analysis is based onyour current portfolio. The Asset Allocation portion ofthis report shows the mix of various investment classesin your account. An asset allocation that shows asignificantly higher percentage of equity investmentsmay be more appropriate for an investor with a moreaggressive investment strategy and higher tolerance forrisk. Similarly, the asset allocation of a more conservativeinvestor may show a higher percentage of fixed incomeinvestments.Separately Managed Accounts and PooledInvestment Vehicles (such as mutual funds, closed endfunds and exchanged traded funds): The assetclassification displayed is based on firm's proprietarymethodology for classifying assets. Please note that theasset classification assigned to rolled up strategies mayinclude individual investments that provide exposure toother asset classes. For example, an InternationalDeveloped Markets strategy may include exposure toEmerging Markets, and a US Large Cap strategy mayinclude exposure to Mid Cap and Small Cap, etc.Mutual Fund Asset Allocation: If the option tounbundle balanced mutual funds is selected and if afund's holdings data is available, mutual funds will beclassified by the asset class, subclass, and stylebreakdown of their underlying holdings. Where amutual fund or ETF contains equity holdings from Report created on: August 01, 2022 Page 29 of 31
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Disclosures applicable to accounts at UBS Financial Services Inc. (continued) multiple equity sectors, this report will proportionatelyallocate the underlying holdings of the fund to thosesectors measured as a percentage of the total fund'sasset value as of the date shown.This information is supplied by Morningstar, Inc. on adaily basis to UBS FS based on data supplied by the fundwhich may not be current. Mutual funds change theirportfolio holdings on a regular (often daily) basis.Accordingly, any analysis that includes mutual funds maynot accurately reflect the current composition of thesefunds. If a fund's underlying holding data is notavailable, it will be classified based on its correspondingoverall Morningstar classification. All data is as of thedate indicated in the report.All pooled investment vehicles (such as mutual funds,closed end mutual funds, and exchange traded funds)incorporate internal management and operationexpenses, which are reflected in the performancereturns. Please see relevant fund prospectus for moreinformation. Please note, performance for mutual fundsis inclusive of multiple share classes.Ineligible Assets: We require that you hold andpurchase only eligible managed assets in your advisoryaccounts. Please contact your Financial Advisor for a listof the eligible assets in your program. These reports mayprovide performance information for eligible andineligible assets in a fee-based program. Since ineligibleassets are not considered fee-based program assets, theinclusion of such securities will distort the actualperformance of your advisory assets. As a result, theperformance reflected in this report can varysubstantially from the individual account performancereflected in the performance reports provided to you aspart of those programs. For fee-based programs, feesare charged on the market value of eligible assets in theaccounts and assessed quarterly in advance, proratedaccording to the number of calendar days in the billingperiod. Neither UBS nor your Financial Advisor will act asyour investment adviser with respect to Ineligible Assets.Variable Annuity Asset Allocation: If the option tounbundle a variable annuity is selected and if a variableannuity's holdings data is available, variable annuitieswill be classified by the asset class, subclass, and stylebreakdown for their underlying holdings. Where avariable annuity contains equity holdings from multipleequity sectors, this report will proportionately allocatethe underlying holdings of the variable annuity to thosesectors measured as a percentage of the total variableannuity's asset value as of the date shown.This information is supplied by Morningstar, Inc. on aweekly basis to UBS FS based on data supplied by thevariable annuity which may not be current. Portfolioholdings of variable annuities change on a regular (oftendaily) basis. Accordingly, any analysis that includesvariable annuities may not accurately reflect the current composition of these variable annuities. If a variableannuity's underlying holding data is not available, it willremain classified as an annuity. All data is as of the dateindicated in the report.Equity Style: The Growth, Value and Core labels aredetermined by Morningstar. If an Equity Style isunclassified, it is due to non-availability of data requiredby Morningstar to assign it a particular style.Equity Capitalization: Market Capitalization isdetermined by Morningstar. Equity securities areclassified as Large Cap, Mid Cap or Small Cap byMorningstar. Unclassified securities are those for whichno capitalization is available on Morningstar.Equity Sectors: The Equity sector analysis may include avariety of accounts, each with different investment andrisk parameters. As a result, the overweighting orunderweighting in a particular sector or asset classshould not be viewed as an isolated factor in makinginvestment/liquidation decisions; but should be assessedon an account by account basis to determine the overallimpact on the account's portfolio.Classified Equity: Classified equities are defined asthose equities for which the firm can confirm the specificindustry and sector of the underlying equity instrument.Estimated Annual Income: The Estimated AnnualIncome is the annualized yearly per shareDividends/interest paid and multiplied by the quantity ofshares held in the selected account(s). For savingsproduct & sweep funds this value is not calculated and isdisplayed as 0.Current Yield: Current yield is defined as the estimatedannual income divided by the total market value.Bond Rating: These ratings are obtained fromindependent industry sources and are not verified byUBS FS. Securities without rating information are leftblank. Rating agencies may discontinue ratings on highyield securities.NR: When NR is displayed under bond rating column, noratings are currently available from that rating agency.High Yield: This report may designate a security as ahigh yield fixed income security even though one ormore rating agencies rate the security as an investmentgrade security. Further, this report may incorporate arating that is no longer current with the rating agency.For more information about the rating for any high yieldfixed income security, or to consider whether to hold orsell a high yield fixed income security, please contactyour financial advisor or representative and do not makeany investment decision based on this report.Credit/Event Risk: Investments are subject to event risk and changes in credit quality of the issuer. Issuers canexperience economic situations that may have adverseeffects on the market value of their securities.Interest Rate Risk: Bonds are subject to market valuefluctuations as interest rates rise and fall. If sold prior tomaturity, the price received for an issue may be less thanthe original purchase price.Reinvestment Risk: Since most corporate issues payinterest semiannually, the coupon payments over the lifeof the bond can have a major impact on the bond's totalreturn.Call Provisions: When evaluating the purchase of acorporate bond, one should be aware of any featuresthat may allow the issuer to call the security. This isparticularly important when considering an issue that istrading at a premium to its call price, since the returnmay be negatively impacted if the issue is redeemed.Should an issue be called, investors may be faced withan earlier than anticipated reinvestment decision, andmay be unable to reinvest their principal at equallyfavorable rates.Effective Maturity: Effective maturity is the expectedredemption due to pre-refunding, puts, or maturity anddoes not reflect any sinking fund activity, optional orextraordinary calls. Securities without a maturity date areleft blank and typically include Preferred Securities,Mutual Funds and Fixed Income UITs.Yields: Yield to Maturity and Yield to Worst arecalculated to the worst call.Accrued Interest: Interest that has accumulatedbetween the most recent payment and the report datemay be reflected in market values for interest bearingsecurities.Bond Averages: All averages are weighted averagescalculated based on market value of the holding, notincluding accrued interest.Tax Status: "Taxable" includes all securities held in ataxable account that are subject to federal and/or stateor local taxation. "Tax-exempt" includes all securitiesheld in a taxable account that are exempt from federal,state and local taxation. "Tax-deferred" includes allsecurities held in a tax-deferred account, regardless ofthe status of the security.Bond sensitivity analysis: This analysis uses ModifiedDuration which approximates the percentage pricechange of a security for a given change in yield. Thehigher the modified duration of a security, the higher itsrisk.  For callable securities, modified duration does notaddress the impact of changing interest rates on abond's expected cash flow as a result of a call orprepayment.

Amortization and Accretion: Prior to March 2008,amortization was calculated using the straight linemethod for tax exempt securities and was not calculatedfor taxable securities. Post March 2008, amortization iscalculated using the constant yield method. Prior toOctober 2008, accretion due to original issue discountwas not calculated. Post October 2008, accretion due tooriginal issue discount is calculated using the constantyield method.  Prior to January 2015, accretion due tomarket discount was calculated using the straight linemethod. Post January 2015, accretion due to marketdiscount is calculated using the constant yield method. We assume the securities are held to par andpremiums are calculated to call date. Amortization andaccretion values may be incorrect due to adjustmentsrelated to cost basis. You may hold additional fixedincome securities that may not appear on this report.Please refer to your account statements for informationregarding all of your holdings.Gain/Loss: The gain/loss information may includecalculations based upon non-UBS FS cost basisinformation. The Firm does not independently verify orguarantee the accuracy or validity of any informationprovided by sources other than UBS FS. In addition, ifthis report contains positions with unavailable cost basis,the gain/(loss) for these positions are excluded in thecalculation for the Gain/(Loss). As a result these figuresmay not be accurate and are provided for informationalpurposes only. Clients should not rely on thisinformation in making purchase or sell decisions, for taxpurposes or otherwise. Rely only on year-end tax formswhen preparing your tax return. See your monthlystatement for additional information.Accounts Included in this Report: The account listingmay or may not include all of your accounts with UBSFS. The accounts included in this report are listed underthe "Accounts included in this review" shown on thefirst page or listed at the top of each page. If an accountnumber begins with "@" this denotes assets or liabilitiesheld at other financial institutions. Information aboutthese assets, including valuation, account type and costbasis, is based on the information you provided to us, orprovided to us by third party data aggregators orcustodians at your direction. We have not verified, andare not responsible for, the accuracy or completeness ofthis information.Account name(s) displayed in this report and labels usedfor groupings of accounts can be customizable"nicknames" chosen by you to assist you with yourrecordkeeping or may have been included by yourfinancial advisor for reference purposes only. The namesused have no legal effect, are not intended to reflect anystrategy, product, recommendation, investmentobjective or risk profile associated with your accounts orany group of accounts, and are not a promise or Report created on: August 01, 2022 Page 30 of 31
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Disclosures applicable to accounts at UBS Financial Services Inc. (continued) guarantee that wealth, or any financial results, can orwill be achieved. All investments involve the risk of loss,including the risk of loss of the entire investment.For more information about account or group names, orto make changes, contact your Financial Advisor.Account changes: At UBS, we are committed tohelping you work toward your financial goals. So thatwe may continue providing you with financial advicethat is consistent with your investment objectives, pleaseconsider the following two questions:1) Have there been any changes to your financialsituation or investment objectives?2) Would you like to implement or modify anyrestrictions regarding the management of your account?If the answer to either question is "yes," it is importantthat you contact your Financial Advisor as soon aspossible to discuss these changes. For MAC advisoryaccounts, please contact your investment managerdirectly if you would like to impose or change anyinvestment restrictions on your account.ADV disclosure: A complimentary copy of our currentForm ADV Disclosure Brochure that describes theadvisory program and related fees is available throughyour Financial Advisor. Please contact your FinancialAdvisor if you have any questions.Important information for former Piper Jaffray andMcDonald Investments clients: As an accommodationto former Piper Jaffray and McDonald Investmentsclients, these reports include performance history fortheir Piper Jaffray accounts prior to August 12, 2006 andMcDonald Investments accounts prior to February 9,2007, the date the respective accounts were convertedto UBS FS. UBS FS has not independently verified thisinformation nor do we make any representations orwarranties as to the accuracy or completeness of thatinformation and will not be liable to you if any suchinformation is unavailable, delayed or inaccurate.For insurance, annuities, and 529 Plans, UBS FS relies oninformation obtained from third party services it believesto be reliable. UBS FS does not independently verify orguarantee the accuracy or validity of any informationprovided by third parties. Information for insurance,annuities, and 529 Plans that has been provided by athird party service may not reflect the quantity andmarket value as of the previous business day. Whenavailable, an "as of" date is included in the description.Investors outside the U.S. are subject to securities andtax regulations within their applicable jurisdiction thatare not addressed in this report. Nothing in this reportshall be construed to be a solicitation to buy or offer tosell any security, product or service to any non-U.S.investor, nor shall any such security, product or servicebe solicited, offered or sold in any jurisdiction wheresuch activity would be contrary to the securities laws or other local laws and regulations or would subject UBS toany registration requirement within such jurisdiction.Performance History prior to the account's inception atUBS Financial Services, Inc. may have been included inthis report and is based on data provided by third partysources. UBS Financial Services Inc. has notindependently verified this information nor does UBSFinancial Services Inc. guarantee the accuracy or validityof the information.Important information about brokerage andadvisory services. As a firm providing wealthmanagement services to clients, UBS Financial ServicesInc. offers investment advisory services in its capacity asan SEC-registered investment adviser and brokerageservices in its capacity as an SEC-registered brokerdealer. Investment advisory services and brokerageservices are separate and distinct, differ in material waysand are governed by different laws and separatearrangements. It is important that clients understand theways in which we conduct business, that they carefullyread the agreements and disclosures that we provide tothem about the products or services we offer. For moreinformation, please review client relationship summaryprovided at ubs.com/relationshipsummary. UBS FS All Rights Reserved. Member SIPC.Non-UBS Assets and Liabilities: This report is notintended to provide you with consolidated informationor reporting regarding your holdings at other firms.However, at your request, this report may includeinformation regarding assets that you hold at otherfinancial institutions so that you may review your assetallocation and/or investment strategy in the context ofyour overall holdings. You should review and maintainthe original documents for these assets, such as thestatements for individual accounts held away from UBS.Those documents may contain notices, disclosures andother information important to you, and may also serveas a reference should questions arise regarding theaccuracy of that information as presented in this report.The information presented for accounts held at otherfinancial institutions has been provided to UBS at yourdirection through your agreement with an Outside AssetData Aggregation Service. These accounts have beenadded to this report at your request and areautomatically updated to reflect the most recent datareceived from the custodian. Information may have alsobeen provided based on documents and valuation youprovided to your Financial Advisor. These accounts havebeen added to this report at your request and may notreflect the current valuation.If an account number begins with "@" this denotesassets or liabilities held at other financial institutions.Information about these assets, including valuation, account type and cost basis, is based on the informationyou provided to us, or provided to us by third party dataaggregators or custodians at your direction. We havenot verified, and are not responsible for, the accuracy orcompleteness of this information.If the information you or your custodians provided to usis not current, inclusion of these assets will impact theaccuracy of the current asset allocation and otheranalysis presented. We do not provide purchase, sale orhold recommendations or advice with respect to yourassets at other firms and do not assume responsibility foractivity you conduct at other financial institutions.UBS’s SIPC coverage applies to assets held at UBS. If youmaintain assets at other firms that may be SIPCmembers, you should contact their financialrepresentative or the other entity or refer to the otherentitys statement regarding SIPC membership. YourUBS Financial Services Inc. account statements are theonly official record of your UBS holdings and accountand are not replaced, amended or superseded by any ofthe information presented in this report.Assets that you hold at other financial institutions arepriced using the closing price reported on the lastbusiness day preceding the date of this report. Everyreasonable attempt has been made to accurately pricesecurities; however, we make no warranty with respectto any security’s price. To determine the value ofsecurities in your account, we generally rely on thirdparty quotation services. If a price is unavailable orbelieved to be unreliable, we may determine the price ingood faith and may use other sources such as the lastrecorded transaction. When securities are held atanother custodian or if you hold illiquid or restrictedsecurities for which there is no published price, we willgenerally rely on the value provided by the custodian orissuer of that security.The value of assets held at other financial institutions isbased on the "Last Refresh Date" displayed. Up todate valuation and information can be obtained directlyfrom the custodian of your assets. The accountstatements you receive from your third party custodianregarding the assets you hold with them are the officialrecord of your holdings and accounts and are notimpacted or superseded by the information in thisreport.Account balances and security pricing will always displayin U.S. Dollars even if assets in your Outside Accountsare denominated in other currencies. UBS will convertany values received in the Outside Account Informationto U.S. Dollars using foreign exchange rates from UBS asof the previous business.

Report created on: August 01, 2022 Page 31 of 31
Item #12. Page 66
Meeting Date: 8/23/2022 / Packet Page #: 195

STAFF REPORT
TO: MAYOR AND COUNCIL MEMBERS DATE: AUGUST 23, 2022
FROM: PUBLIC WORKS DISTRICT(S): CITYWIDE
SUBJECT: APPROVE AMENDMENT NO. 1 TO THE AGREEMENT WITH GEORGE E. BOOTH CO, INC. FOR SUPERVISORY CONTROL AND DATA ACQUISITION (SCADA) SYSTEM MAINTENANCE SERVICES FOR PUBLIC WORKS – WATER DIVISION IN THE AMOUNT NOT TO EXCEED $223,759 (STRATEGIC PLAN ITEM 49 - IMCIF)

RECOMMENDATION
That the City Council:

1. Approve Amendment No. 1 to the Contract Services Agreement with George E. Booth Co, Inc. for SCADA System Maintenance Services for the Public Works Department – Water Division in the amount not to exceed $223,759; and

2. Authorize the City Manager, or his designee, to execute Amendment No. 1, including making minor non-substantive changes.

EXECUTIVE SUMMARY
George E. Booth Co, Inc. (GEB) provides various engineering services, including, but not limited to, system integration, consulting, design, preparing reports, making investigations, and recommendations, providing after hour on-site service and installation for the maintenance and necessary upgrades of the Supervisory Control and Data Acquisition (SCADA) System.

Staff is requesting to amend the original agreement retroactively to increase the contract amount to $223,759 to cover the SCADA system maintenance expenses through June 2023.

LEGISLATIVE HISTORY / PREVIOUS ACTIONS
The City of Glendora, Water Division utilizes a Supervisory Control and Data Acquisition (SCADA) system to monitor and manage the pumps, wells, reservoirs, and pressure within the municipal water system.

SCADA systems are used to maintain proper water levels for the health and safety of customers. The system also allows staff to verify that the water system is functioning effectively and efficiently without physically being present 24 hours a day when pumps and wells are working.

In June 2020, City staff used a qualification-based selection process for the Request for Proposal for SCADA system maintenance to streamline additional maintenance of the SCADA system. Upon review, staff chose The George E. Booth Co., Inc. (GEB) of Indiana based on their level of experience and expertise with the equipment utilized by the City of Glendora, Water Division as well as the more reasonable cost of performing maintenance comparatively. GEB has successfully provided these services for the Water Division for several years.

On September 8, 2020, City Council awarded the Contract Services Agreement for SCADA System maintenance services to GEB in an amount not to exceed $78,000 for July 1, 2020 through June 30, 2023.

Item #13. Page 1
Meeting Date: 8/23/2022 / Packet Page #: 196
Staff Report Page 2 of 3

DISCUSSION
The City of Glendora, Water Division utilizes a Supervisory Control and Data Acquisition (SCADA) system to monitor and manage the pumps, wells, reservoirs, and pressure within the municipal water system.

SCADA systems are used to maintain proper water levels for the health and safety of customers. The system also allows staff to verify that the water system is functioning effectively and efficiently without physically being present 24 hours a day when pumps and wells are working. The City of Glendora has been utilizing a SCADA system for 29 years and has made numerous upgrades to the software to meet the current requirements of the State as well as demand within the City. In the past, staff has put out the maintenance of the system to informal bid as certain projects or needs arise.

The purpose of the maintenance contract with GEB is to provide the Water Division with the ability to make an annual plan of maintenance upgrades for the SCADA system. In the past, staff was focusing more on repairs and necessary upgrades only. With this contract, staff is making strategic plans of which equipment can be updated each year as well as the regular system maintenance that is required to keep the system running smoothly. It is in the best interest of the City to have this type of forecasting and stability with a single vendor so that the SCADA system components can steadily improve.

The current agreement with GEB was executed in September 2020 to provide SCADA system maintenance services. Approval of the agreement established a contract term of three (3) years with the option of two (2) additional one-year extensions subject to the approval of the City Council. The agreement established a not to exceed amount of $78,000. The agreement was intended to be for $78,000 annually. Also, the scope of work and services needed from this vendor has since expanded for Fiscal Year (FY) 2022-23. This includes additional service calls to accommodate the on-going water infrastructure assessment. GEB has been called out to complete service call requests to collect pertinent SCADA information for the City. Additionally, they will be updating the SCADA controls for the new chemical metering pumps at the City’s chlorination feed facilities including providing hardware, modifying the remote telemetry unit (RTU) programming, and updating SCADA graphics, trending and alarming.

GEB will also be updating the controls on a number of service connection sites over the course of the next year.

The increased scope and services results in an increase in the among of $145,759 to the original contract amount of $78,000 for an amended total contract amount of $223,759.

FISCAL IMPACT
Funding for the increased contract amount related to FY 2022-23 is available in the Water Production Operations budget as follows; $93,978 from SCADA System (531-6571-53560), $5,400 from Telemetering Repair (531-6571-56330), and $4,622 from Pumping Expenses (531-6571-53150). The contract amounts for FY 2020-21 & FY 2021-22 were paid for available budget savings for those respective years. Following is the summary showing SCADA maintenance services budget.

Fiscal Year SCADA Maintenance
Expenses
2020-21 $79,937.12
2021-22 $39,821.88
2022-23 $104,000.00
Total amendment amount $223,759.00

ENVIRONMENTAL DETERMINATION
This activity is not a “project” as defined by Section 21065 of the Public Resources Code or Section 15060 or Section 15378 of Title 14, Chapter 3 of the California Code of Regulations under Guidelines for Implementation of the California Environmental Quality Act (CEQA).

Item #13. Page 2
Meeting Date: 8/23/2022 / Packet Page #: 197
Staff Report Page 3 of 3
Prepared By Dinh Anh Mai, Associate Civil Engineer
Concurs With Not Applicable
Reviewed By Alison Sweet, Public Works Director
Certified to Availability of Funds Marie Ricci, Administrative Services Director/City Treasurer Approved By Adam Raymond, City Manager
Legal Review William W. Wynder, City Attorney
CEQA Review Not Applicable
ATTACHMENTS:

A. Amendment No. 1 - George E. Booth Co, Inc.

B. Contract Services Agreement – George E. Booth Co, Inc. (September 2020) Item #13. Page 3
Meeting Date: 8/23/2022 / Packet Page #: 198
AMENDMENT NO. 1

TO AGREEMENT FOR CONTRACTUAL SERVICES

THIS AMENDMENT TO THE AGREEMENT FOR CONTRACTUAL SERVICES (“Amendment No. 1”) by and between the CITY OF GLENDORA (“City”) and THE GEORGE E. BOOTH CO, INC., an Indiana Corporation (“Contractor”) is effective as of the ____ day of _______, 2022.

RECITALS
A. City and Contractor entered into that certain Agreement for Contractual Services dated September 08, 2020 (“Agreement”) whereby Contractor agreed to provide Supervisory Control and Data Acquisition (SCADA) System Maintenance Services.

B. City and Contractor now desire to amend the Agreement to increase the contract sum from $78,000 to $223,759.

TERMS

1. Contract Changes. The Agreement is amended as provided herein. Deleted text is indicated in strikethrough and added text in bold italics. a. “2.1 Contract Sum. Subject to any limitations set forth in this Agreement, City agrees to pay Consultant the amounts specified in the “Schedule of Compensation” attached hereto as Exhibit “C” and incorporated herein by this reference. The total compensation, including reimbursement for actual expenses, shall not exceed $78,000 (Seventy Eight Thousand Dollars) $223,759 (Two hundred Twenty-three Thousand Seven Hundred Fifty-nine) (the “Contract Sum”), unless additional compensation is approved pursuant to Section 1.9.”

2. Continuing Effect of Agreement. Except as amended by this Amendment No. 1, the provisions of the Agreement shall remain unchanged and in full force and effect. From and after the date of this Amendment No. 1, whenever the term “Agreement” appears in the Agreement, it shall mean the Agreement, as amended by this Amendment No. 1 to the Agreement.

3. Affirmation of Agreement; Warranty Re Absence of Defaults. City and Contractor each ratify and reaffirm each and every one of the respective rights and obligations arising under the Agreement. Each party represents and warrants to the other that there have been no written or oral modifications to the Agreement other than as provided herein. Each party represents and warrants to the other that the Agreement is currently an effective, valid, and binding obligation.

Contractor represents and warrants to City that, as of the date of this Amendment No. 1 City is not in default of any material term of the Agreement and that there have been no events that, with the passing of time or the giving of notice, or both, would constitute a material default under the Agreement.

August
23rd
DocuSign Envelope ID: 35804B6E-F728-4AE5-830E-B8618FF745A2 Item #13. Page 4
Meeting Date: 8/23/2022 / Packet Page #: 199
01240.0001/535314.1 -2-
City represents and warrants to Contractor that, as of the date of this Amendment No. 1, Contractor is not in default of any material term of the Agreement and that there have been no events that, with the passing of time or the giving of notice, or both, would constitute a material default under the Agreement.

4. Adequate Consideration. The parties hereto irrevocably stipulate and agree that they have each received adequate and independent consideration for the performance of the obligations they have undertaken pursuant to this Amendment No. 1.

5. Authority. The persons executing this Amendment No. 1 on behalf of the parties hereto warrant that (i) such party is duly organized and existing, (ii) they are duly authorized to execute and deliver this Amendment No. 1 on behalf of said party, (iii) by so executing this Amendment No. 1, such party is formally bound to the provisions of this Amendment , and (iv) the entering into this Amendment No. 1 does not violate any provision of any other agreement to which said party is bound.
[SIGNATURES ON FOLLOWING PAGE]
DocuSign Envelope ID: 35804B6E-F728-4AE5-830E-B8618FF745A2 Item #13. Page 5
Meeting Date: 8/23/2022 / Packet Page #: 200
01240.0001/535314.1 -3-
IN WITNESS WHEREOF, the parties hereto have executed this Agreement on the date and year first-above written.

CITY:

City of Glendora, a municipal corporation
______________________________________
Adam Raymond
City Manager
APPROVED AS TO FORM: CERTIFY AVAILABILITY OF FUNDS:

ALESHIRE & WYNDER, LLP
______________________________________ ______________________________________ William W. Wynder
City Attorney
Marie Ricci
Administrative Services Director/City Treasurer
ATTEST:
______________________________________
Kathleen R. Sessman
City Clerk/Communications Director
CONTRACTOR:

THE GEORGE E. BOOTH CO, INC.

By: __________________________________
Name: Scott Young
Title: President
By: __________________________________
Name: Brian Kinnick
Title: Director of Operations
Address:

The George E. Booth Co, Inc.
8202 W, 10th Street
Indianapolis, IN 46214
Two corporate officer signatures required when Contractor is a corporation, with one signature required from each of the following groups: 1) Chairman of the Board, President or any Vice President; and 2) Secretary, any Assistant Secretary, Chief Financial Officer or any Assistant Treasurer. CONTRACTOR’S SIGNATURES

SHALL BE DULY NOTARIZED, AND APPROPRIATE ATTESTATIONS SHALL BE INCLUDED AS

MAY BE REQUIRED BY THE BYLAWS, ARTICLES OF INCORPORATION, OR OTHER RULES OR REGULATIONS APPLICABLE TO CONTRACTOR’S BUSINESS ENTITY.

DocuSign Envelope ID: 35804B6E-F728-4AE5-830E-B8618FF745A2 Aug 8, 2022 | 2:52 PM PDT
Aug 5, 2022 | 4:48 AM PDT
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8th September
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SIGNATURE TRACKING
Contract Review
Revised 2/23/2022 Contract Review – Signature Tracking Form INSTRUCTIONS: The following documents are needed as part of the contract packet. To ensure that all steps were followed, please include this tracking sheet along with the contract packet.

When listing attachments for review, please submit in the same order that is listed.

CONTRACT: SUBMITTED BY:

New Contract Amendment to pre-existing contract
Contract Package Contents Checklist (Y/N) Yes No
Availability of Funds form completed by Requestor / Project Manager Concurrence from Finance Liaison regarding budget plan
Contract edits approved from City Attorney
Certificate of Insurance received and reviewed by Risk Management/PINS input Contract Include full contract and all amendments
Draft Agenda report Expected Council Date:

Other relevant Attachments
Contract Review Initial Date
Supervisor – reviewed & approved
Director – reviewed & approved
Contract Signature Flow
In order to be processed through DocuSign in a timely manner, full contract packet must be submitted via email to the Administrative Services Admin Assistant to review before signature processing via DocuSign
• Include Contract/Vendors info – Full legal name(s) of the authorized signer(s), official title, email address and phone number
• Include contract in Word format
If a contract is going to Council, the completed Contract packet must be uploaded in to OnBase for City Clerk’s review
Note: Administrative edits are NOT allowed without following the review process. Any changes to the contract must be done prior to the review and signature process. If additional edits are needed, the review process must begin AGAIN, and the signature flow RESTARTED.

For EXCEPTIONS, such as MOUs, Revenue Agreements, etc., use the EXCEPTIONS Contract tracking form.

Item #13. Page 34
Meeting Date: 8/23/2022 / Packet Page #: 229

AVAILABILITY OF FUNDS
Contract Review
Revised August 18, 2021 Contract Review – Availability of Funds The following has been provided in order to facilitate your review of the availability of funds:

CONTRACT:

Contract Request Amount: Existing Contract Amount:

Yes? Description / Info needed
☐ Departmental contract review processes completed
☐ RFP/Bid process completed, compliance with purchasing ordinance ☐ Completed other department specific requirements
☐ Contract/Agreement
☐ Annual contract ☐ Amendment to contract ☐ New contract ☐ Availability of Funds
☐ Contract IS included in the budget. Supporting documentation provided to and confirmed by the Finance liaison.
☐ Contract IS NOT included in the budget.
☐ Sufficient budget is available to add this contract. Supporting documentation provided to and confirmed by the Finance liaison.

Budget information
Account Number(s):

Project Number:

Current Balance(s):
☐ Budget appropriation needed: $____________________________ ☐ City Council staff report scheduled for: ___________________________ Additional Information:

Item #13. Page 35
Meeting Date: 8/23/2022 / Packet Page #: 230
1 Dinh Anh Mai
From: Ryan Phelps
Sent: Monday, June 27, 2022 2:14 PM
To: Dinh Anh Mai
Subject: RE: Availability of Funds - George E. Booth - UPDATED Hey Michael,
Availability of Funds – APPROVED
Thank you,
Ryan Phelps | Acting Payroll Supervisor
Finance Department | City of Glendora
116 E. Foothill Boulevard | Glendora, CA 91741
[email protected]
626.852.5223
626.852.9650 fax
From: Dinh Anh Mai <[email protected]>
Sent: Monday, June 27, 2022 2:11 PM
To: Ryan Phelps <[email protected]>
Subject: RE: Availability of Funds - George E. Booth - UPDATED Hi Ryan,
Attached is the revised Availability of Funds for GEB Amendment contract for your approval.

Thank you.

Best regards,
Michael Mai
From: Ryan Phelps <[email protected]>
Sent: Monday, June 27, 2022 2:08 PM
To: Dinh Anh Mai <[email protected]>
Subject: Availability of Funds - George E. Booth - UPDATED Hey Michael,
Please use the updated numbers below:
5316571.56330 - $4,930
5316571.53560 - $86,732
5316571.53150 - $54,097
Total Contract Request Amount: $145,759
Item #13. Page 36
Meeting Date: 8/23/2022 / Packet Page #: 231
2 Please update and resend.

Thank you,
Ryan Phelps | Acting Payroll Supervisor
Finance Department | City of Glendora
116 E. Foothill Boulevard | Glendora, CA 91741
[email protected]
626.852.5223
626.852.9650 fax
Item #13. Page 37
Meeting Date: 8/23/2022 / Packet Page #: 232
1 Dinh Anh Mai
From: William Wynder <[email protected]>
Sent: Monday, June 20, 2022 5:11 PM
To: Dinh Anh Mai
Cc: Chisom Obegolu; Maliha Ansari
Subject: Re: GEB Contract Amendment for CA review - July 12 Council Meeting Attachments: Amendment No. 1 to Maintenance Services Agreement with George E Booth06-20-22.docx.docx CAUTION: This email originated from outside of the organization. Do not click links or open attachments unless you recognize the sender and know the content is safe.

Good to go.

Sent from W Wynder iPhone
On Jun 20, 2022, at 5:10 PM, Dinh Anh Mai <[email protected]> wrote:

*** EXTERNAL SENDER ***
Hi Bill,

I have incorporated all the changes from your review. Attached is the revised one and please let me know if it is good to go. Appreciate it.

Best regards,

Michael Mai

From: William Wynder <[email protected]>
Sent: Monday, June 20, 2022 3:16 PM
To: Dinh Anh Mai <[email protected]>
Cc: Chisom Obegolu <[email protected]>; Maliha Ansari <[email protected]> Subject: RE: GEB Contract Amendment for CA review - July 12 Council Meeting

CAUTION: This email originated from outside of the organization. Do not click links or open attachments unless you recognize the sender and know the content is safe.

See my comment in track change.

From: Dinh Anh Mai <[email protected]>
Sent: Monday, June 20, 2022 1:54 PM
To: William Wynder <[email protected]>
Cc: Chisom Obegolu <[email protected]>; Maliha Ansari <[email protected]> Subject: GEB Contract Amendment for CA review - July 12 Council Meeting Item #13. Page 38
Meeting Date: 8/23/2022 / Packet Page #: 233
2 *** EXTERNAL SENDER ***
Hi Bill,

Please find attached the draft amendment of the GEB maintenance contract for your review. I also attached herewith the original contract with GEB for your reference. Please let us know if any changes are needed or if it is good to go. Thank you.

Best regards,

Michael Mai
Associate Civil Engineer
Engineering Division|Public Works Department|City of Glendora [email protected]
Ph: 626-914-8257

Item #13. Page 39
Meeting Date: 8/23/2022 / Packet Page #: 234
1 Dinh Anh Mai
From: Belinda Ochoa
Sent: Friday, June 24, 2022 2:01 PM
To: Dinh Anh Mai
Cc: Chisom Obegolu; Maliha Ansari; Belinda Ochoa
Subject: RE: City of Glendora: GEB Contract
Hello Michael,
RM approval of COI however, the remaining documents (endorsements), must be provided prior to the City Council presentation and/or project start date.

Let me know if you need additional assistances.

Be safe!
Belinda Ochoa | Risk Management Administrator
Administrative Services | City of Glendora
116 E. Foothill Boulevard | Glendora CA 91741
[email protected]
P: (626) 914-8230 Fax: (626) 852-5230
cityofglendora.org
From: Dinh Anh Mai <[email protected]>
Sent: Friday, June 24, 2022 1:49 PM
To: Belinda Ochoa <[email protected]>
Cc: Chisom Obegolu <[email protected]>; Maliha Ansari <[email protected]> Subject: FW: City of Glendora: GEB Contract
Hi Belinda,
GEB updated that they should be able to submit the remaining documents early next week. If so, we should be able to complete COI package next week. I would appreciate it if you could give us an approval for the COI so I can complete the contract package for Docusign while waiting for the peding documents. Much appreciated.

Best regards,
Michael Mai
From: Dinh Anh Mai
Sent: Friday, June 24, 2022 1:38 PM
To: 'Michael Jeffers' <[email protected]>
Cc: Maliha Ansari <[email protected]>
Subject: RE: City of Glendora: GEB Contract
Hi Mike,
Sounds like a plan. Thank you for following up.

Item #13. Page 40
Meeting Date: 8/23/2022 / Packet Page #: 235
2 Best regards,
Michael Mai
From: Michael Jeffers <[email protected]>
Sent: Friday, June 24, 2022 12:43 PM
To: Dinh Anh Mai <[email protected]>
Cc: Maliha Ansari <[email protected]>
Subject: RE: City of Glendora: GEB Contract
CAUTION: This email originated from outside of the organization. Do not click links or open attachments unless you recognize the sender and know the content is safe.

Dinh,
I am confident that we should be able to forward the updated documents the first of next week if that is acceptable. I will update you with any deviation from that estimate as soon as I am aware.

Thank you for your patience.

Regards,
Mike Jeffers
Michael Jeffers
Corporate Controller
p: (317) 247-2070
f: (317) 271-6225
[email protected]
Signature added by CodeTwo Email Signatures
www.codetwo.com/email-signatures-for-email-clients
From: Dinh Anh Mai <[email protected]>
Sent: Wednesday, June 22, 2022 5:36 PM
To: Rob Jefferson <[email protected]>; Michael Jeffers <[email protected]>; Marcelle Sams <[email protected]>
Cc: Maliha Ansari <[email protected]>; Chisom Obegolu <[email protected]> Subject: RE: City of Glendora: GEB Contract
Hi Rob and Michael,
Is there any update on the COI? Thank you.

Best regards,
Michael Mai
Associate Civil Engineer
Engineering Division|Public Works Department|City of Glendora Item #13. Page 41
Meeting Date: 8/23/2022 / Packet Page #: 236
3 [email protected]
Ph: 626-914-8257
From: Belinda Ochoa <[email protected]>
Sent: Tuesday, June 21, 2022 2:29 PM
To: Marcelle Sams <[email protected]>; Dinh Anh Mai <[email protected]> Cc: Maliha Ansari <[email protected]>; Chisom Obegolu <[email protected]>; [email protected]; [email protected]; Belinda Ochoa <[email protected]> Subject: RE: City of Glendora: GEB Contract
Adding Rob and Michael per Marcelle’s request.

All good things,
Belinda Ochoa | Risk Management Administrator
Administrative Services | City of Glendora
116 E. Foothill Boulevard | Glendora, CA 91741
[email protected]
P: 626-914-8230 Fax 626-852-5230
CityofGlendora.org
From: Belinda Ochoa <[email protected]>
Sent: Tuesday, June 21, 2022 2:27 PM
To: Marcelle Sams <[email protected]>; Dinh Anh Mai <[email protected]> Cc: Maliha Ansari <[email protected]>; Chisom Obegolu <[email protected]>; Belinda Ochoa <[email protected]>
Subject: RE: City of Glendora: GEB Contract
Hello Marcelle,
The certificate is acceptable however, we are missing the following endorsements:
• Waivers of Subrogation apply to General Liability, Auto Liability and Workers’ Compensation adding the City of Glendora as an additional insured.
• 30-day Notice of cancellation
• Tender rights
Let me know if you need additional assistances.

All good things,
Belinda Ochoa | Risk Management Administrator
Administrative Services | City of Glendora
116 E. Foothill Boulevard | Glendora, CA 91741
[email protected]
P: 626-914-8230 Fax 626-852-5230
CityofGlendora.org
From: Belinda Ochoa
Sent: Tuesday, June 21, 2022 9:00 AM
To: Marcelle Sams <[email protected]>; Dinh Anh Mai <[email protected]> Item #13. Page 42
Meeting Date: 8/23/2022 / Packet Page #: 237
4 Cc: Maliha Ansari <[email protected]>; Chisom Obegolu <[email protected]> Subject: RE: City of Glendora: GEB Contract
Hello Michael,
In a meeting for a few hours. I’ll work on your request later today.

All good things,
Belinda Ochoa | Risk Management Administrator
Administrative Services | City of Glendora
116 E. Foothill Boulevard | Glendora, CA 91741
[email protected]
P: 626-914-8230 Fax 626-852-5230
CityofGlendora.org
From: Marcelle Sams <[email protected]>
Sent: Tuesday, June 21, 2022 8:39 AM
To: Dinh Anh Mai <[email protected]>; Belinda Ochoa <[email protected]> Cc: Maliha Ansari <[email protected]>; Chisom Obegolu <[email protected]> Subject: RE: City of Glendora: GEB Contract
CAUTION: This email originated from outside of the organization. Do not click links or open attachments unless you recognize the sender and know the content is safe.

I’m at a customer site all day today and tomorrow. You can reach out to one of the following:

Rob Jefferson [email protected]
or
Michael Jeffers [email protected]
Marcelle Sams
Senior Systems Integrator
M: (765) 993-4094 | [email protected]
----------------------------------------------------------- George E. Booth Company Inc.
4307 National Road West
Richmond, IN 47374
(317) 247-0100 | www.gebooth.com
From: Dinh Anh Mai <[email protected]>
Sent: Tuesday, June 21, 2022 11:34 AM
To: Marcelle Sams <[email protected]>; Belinda Ochoa <[email protected]> Cc: Maliha Ansari <[email protected]>; Chisom Obegolu <[email protected]> Subject: RE: City of Glendora: GEB Contract
Hi Marcelle,
Item #13. Page 43
Meeting Date: 8/23/2022 / Packet Page #: 238

ANY PROPRIETOR/PARTNER/EXECUTIVE
OFFICER/MEMBER EXCLUDED?

INSR ADDL SUBR

LTR INSD WVD

PRODUCER CONTACT
NAME:

PHONE FAX
(A/C, No, Ext): (A/C, No):

E-MAIL
ADDRESS:

INSURER A :

INSURED INSURER B :

INSURER C :

INSURER D :

INSURER E :

INSURER F :

POLICY NUMBER POLICY EFF POLICY EXP TYPE OF INSURANCE (MM/DD/YYYY) (MM/DD/YYYY) LIMITS

AUTOMOBILE LIABILITY

UMBRELLA LIAB

EXCESS LIAB

WORKERS COMPENSATION

AND EMPLOYERS' LIABILITY
DESCRIPTION OF OPERATIONS / LOCATIONS / VEHICLES (ACORD 101, Additional Remarks Schedule, may be attached if more space is required)

AUTHORIZED REPRESENTATIVE
EACH OCCURRENCE $
DAMAGE TO RENTED CLAIMS-MADE OCCUR PREMISES (Ea occurrence) $ MED EXP (Any one person) $
PERSONAL & ADV INJURY $
GEN'L AGGREGATE LIMIT APPLIES PER: GENERAL AGGREGATE $

PRO- POLICY JECT LOC PRODUCTS - COMP/OP AGG
OTHER: $

COMBINED SINGLE LIMIT
(Ea accident) $
ANY AUTO BODILY INJURY (Per person) $

OWNED SCHEDULED
AUTOS ONLY AUTOS BODILY INJURY (Per accident) $

HIRED NON-OWNED PROPERTY DAMAGE
AUTOS ONLY AUTOS ONLY (Per accident) $
$

OCCUR EACH OCCURRENCE
CLAIMS-MADE AGGREGATE $
DED RETENTION $
PER OTHSTATUTE ER
E.L. EACH ACCIDENT
E.L. DISEASE - EA EMPLOYEE $
If yes, describe under
DESCRIPTION OF OPERATIONS below E.L. DISEASE - POLICY LIMIT INSURER(S) AFFORDING COVERAGE NAIC #

COMMERCIAL GENERAL LIABILITY
Y / N
N / A
(Mandatory in NH)

SHOULD ANY OF THE ABOVE DESCRIBED POLICIES BE CANCELLED BEFORE

THE EXPIRATION DATE THEREOF, NOTICE WILL BE DELIVERED IN ACCORDANCE WITH THE POLICY PROVISIONS.

THIS IS TO CERTIFY THAT THE POLICIES OF INSURANCE LISTED BELOW HAVE BEEN ISSUED TO THE INSURED NAMED ABOVE FOR THE POLICY PERIOD INDICATED. NOTWITHSTANDING ANY REQUIREMENT, TERM OR CONDITION OF ANY CONTRACT OR OTHER DOCUMENT WITH RESPECT TO WHICH THIS

CERTIFICATE MAY BE ISSUED OR MAY PERTAIN, THE INSURANCE AFFORDED BY THE POLICIES DESCRIBED HEREIN IS SUBJECT TO ALL THE TERMS, EXCLUSIONS AND CONDITIONS OF SUCH POLICIES. LIMITS SHOWN MAY HAVE BEEN REDUCED BY PAID CLAIMS.

THIS CERTIFICATE IS ISSUED AS A MATTER OF INFORMATION ONLY AND CONFERS NO RIGHTS UPON THE CERTIFICATE HOLDER. THIS

CERTIFICATE DOES NOT AFFIRMATIVELY OR NEGATIVELY AMEND, EXTEND OR ALTER THE COVERAGE AFFORDED BY THE POLICIES BELOW. THIS CERTIFICATE OF INSURANCE DOES NOT CONSTITUTE A CONTRACT BETWEEN THE ISSUING INSURER(S), AUTHORIZED REPRESENTATIVE OR PRODUCER, AND THE CERTIFICATE HOLDER.

IMPORTANT: If the certificate holder is an ADDITIONAL INSURED, the policy(ies) must have ADDITIONAL INSURED provisions or be endorsed.

If SUBROGATION IS WAIVED, subject to the terms and conditions of the policy, certain policies may require an endorsement. A statement on this certificate does not confer rights to the certificate holder in lieu of such endorsement(s).

COVERAGES CERTIFICATE NUMBER: REVISION NUMBER:

CERTIFICATE HOLDER CANCELLATION
ACORD 25 (2016/03) © 1988-2015 ACORD CORPORATION. All rights reserved.

CERTIFICATE OF LIABILITY INSURANCE DATE (MM/DD/YYYY)
$
$
$
$
$
The ACORD name and logo are registered marks of ACORD
6/21/2022
(812) 490-9985 (812) 490-9982
10178
George E Booth Co., Inc.
8202 W 10th St
Indianapolis, IN 46214-2432
XXXXXX
A 1,000,000
X X CPP 100078109 00 6/17/2022 6/17/2023 1,000,000
Contractural Liabili 10,000
1,000,000
2,000,000
2,000,000
A 1,000,000
X X CA 100078108 00 6/17/2022 6/17/2023
A 10,000,000
X X UMB 100078111 00 6/17/2022 6/17/2023 10,000,000
0 A
X WCO 100078110 00 6/17/2022 6/17/2023 1,000,000
1,000,000
1,000,000
B Cyber Liability W238B3210401 6/17/2022 Cyber Liability 5,000,000 B Technology E&O W238B3210401 6/17/2022 6/17/2023 Technology E&O 5,000,000 The City of Glendora and its officers, officials, employees, and agents, and volunteers are named as Additional Insured for General Liability and Non-Owned and Hired Auto Liability per policy forms, as required by written contract or agreement. General Liability Insurance is Primary and Non-Contributory and a Severability of Interests Clause applies per policy form. The Named Insured has no company owned autos. Insurance coverage includes waiver of subrogation per the attached endorsement(s). 30 Days’ Notice of Cancellation applies to all policies.

City of Glendora
1051 E Sierra Madre Ave
Glendora, CA 91741
GEOREBO-01 TARASMITH
NFP Property & Casualty Services, Inc.
8900 Keystone Crossing
Suite 1200
Indianapolis, IN 46240
Tara Smith
[email protected]
FCCI Insurance Company
Lloyds Syndicate 2623 (Beazley Furlonge Limited)
X
6/17/2023
X
X
X
X X
X
X X
X
X
X
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AUTO FIRST CHOICE COVERAGE ENDORSEMENT

TABLE OF CONTENTS

DESCRIPTION PAGE
Airbag Coverage ........................................................................................................................................................ 3 Auto Loan/Lease Gap Coverage ............................................................................................................................... 3 Broad Form Insured ................................................................................................................................................... 1 Concealment, Misrepresentation or Fraud ................................................................................................................ 4 Deductible .................................................................................................................................................................. 3 Duties in the Event of Accident, Claim, Suit or Loss ................................................................................................. 4 Fellow Employee ....................................................................................................................................................... 2 Fire Department Service Charge ............................................................................................................................... 2 Other Insurance for Hired Auto Physical Damage Coverage ................................................................................... 4 Loss of Earnings ........................................................................................................................................................ 2 Loss of Use Expenses ............................................................................................................................................... 2 Supplementary Payments ......................................................................................................................................... 2 Transfer of Rights of Recovery against Others to Us ............................................................................................... 4 Transportation Expenses .......................................................................................................................................... 2 Insured Copy
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CAU 058 (05 19)
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THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY.

AUTO FIRST CHOICE COVERAGE ENDORSEMENT
This endorsement modifies insurance provided under the following:

BUSINESS AUTO COVERAGE FORM
NOTE: The following are additions, replacements and amendments to the Business Auto Coverage Form, and will apply unless excluded by separate endorsement(s) to the Business Auto Coverage Form.

With respect to coverages provided by this endorsement, the provisions of the Business Auto Coverage Form apply unless modified by this endorsement.

The Business Auto Coverage Form is amended as follows:

SECTION II – COVERED AUTOS LIABILITY COVERAGE is amended as follows:

A. Paragraph 1. Who Is An Insured in section A. Coverage is amended by the addition of the following:
d. Any legally incorporated subsidiary of yours in which you own more than 50% of the voting stock on the effective date of this coverage form. However, “insured” does not include any subsidiary that is an “insured” under any other liability policy or would be an “insured” under such a policy but for its termination or the exhaustion of its limits of insurance. In order for such subsidiaries to be considered insured under this policy, you must notify us of such subsidiaries within 60 days of policy effective date. e. Any organization you newly acquire or form during the policy period, other than a partnership or joint venture, and over which you maintain sole ownership or a majority interest. However, coverage under this provision:
(1) Does not apply if the organization you acquire or form is an “insured” under another liability policy or would be an “insured” under such a policy but for its termination or the exhaustion of its limits of insurance;
(2) Does not apply to “bodily injury” or “property damage” that occurred before you acquired or formed the organization; and
(3) Is afforded only for the first 90 days after you acquire or form the organization or until the end of the policy period, whichever comes first.
f. Any person or organization who is required under a written contract or agreement between you and that person or organization, that is signed and executed by you before the “bodily injury” or “property damage” occurs and that is in effect during the policy period, to be named as an additional insured is an “insured” for Liability Coverage, but only for damages to which this insurance applies and only to the extent that person or organization qualifies as an “insured” under the Who Is An Insured provision contained in Section II.
g. Any “employee” of yours using:
(1) a covered “auto” you do not own, hire or borrow, or a covered ”auto” not owned by an “employee” or a member of his or her household, while performing duties related to the conduct of your business or your personal affairs; or
(2) an “auto” hired or rented under a contract or agreement in that “employee’s” name, with your permission, while performing duties related to the conduct of your business. However, your “employee” does not qualify as an insured under this paragraph (2) while using a covered “auto” rented from you or from any member of the “employee’s” household Insured Copy
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h. Your members, if you are a limited liability company, while using a covered “auto” you do not own, hire or borrow, while performing duties related to the conduct of your business or your personal affairs.

B. Paragraphs (2) and (4) under section 2. Coverage Extensions, a. Supplementary Payments are deleted and replaced by the following:
(2) Up to $3,000 for cost of bail bonds (including bonds for related traffic violations) required because of an “accident” we cover. We do not have to furnish these bonds. (4) All reasonable expenses incurred by the “insured” solely at our request, including actual loss of earnings up to $500 a day because of time off from work.

C. Paragraph 5. under section B. Exclusions is deleted and replaced by the following:

5. Fellow Employee
“Bodily injury” to:
a. Any fellow “employee” of the “insured” arising out of and in the course of a fellow “employee’s” employment or while performing duties related to the conduct of your business. However, this exclusion does not apply to your “employees” that are officers or managers if the “bodily injury” results from the use of a covered “auto” you own, hire or borrow. Coverage is excess over any other collectible insurance; or
b. The spouse, child, parent, brother or sister of that fellow "employee" as a consequence of Paragraph a. above.

SECTION III – PHYSICAL DAMAGE COVERAGE is amended as follows:

A. Paragraph 4. Coverage Extensions under section A. Coverage is deleted and replaced by the following:

4. Coverage Extensions
a. Transportation Expenses
We will pay up to $50 per day to a total maximum of $1,500 for temporary transportation expense incurred by you due to covered loss to any covered auto. We will pay only for those covered “autos” for which you carry either Comprehensive or Specified Causes Of Loss Coverage. We will pay for temporary transportation expenses incurred during the period beginning 24 hours after a loss and ending, regardless of the policy’s expiration, when the covered “auto” is returned to use or we pay for its “loss”. b. Loss of Use Expenses
For Hired Auto Physical Damage, we will pay expenses for which an "insured" becomes legally responsible to pay for loss of use of a vehicle rented or hired without a driver under a written rental contract or agreement. We will pay for loss of use expenses if caused by:
(1) Other than collision only if the Declarations indicate that Comprehensive Coverage is provided for hired "autos";
(2) Specified Causes of Loss only if the Declarations indicate that Specified Causes of Loss Coverage is provided for hired "autos"; or
(3) Collision only if the Declarations indicate that Collision Coverage is provided for hired "autos".

However, the most we will pay for any expenses for loss of use to any one vehicle is $75 per day, to a total maximum of $1,500.

B. The following is added to paragraph 4. Coverage Extensions under section A. Coverage:
c. Fire Department Service Charge
When a fire department is called to save or protect a covered “auto”, its equipment, its contents, or occupants from a covered cause of loss, we will pay up to $1,000 for your liability for fire department service charges assumed by contractor or agreement prior to loss.

No deductible applies to this additional coverage.

Insured Copy
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d. Auto Loan/Lease Gap Coverage
The following provisions apply:
(1) If a long term leased “auto”, under an original lease agreement, is a covered “auto” under this coverage form and the lessor of the covered “auto” is named as an additional insured under this policy, in the event of a total loss to the leased covered “auto”, we will pay any unpaid amount due on the lease, less the amount paid under the Physical Damage Coverage Section of the policy; and less any:
(a) Overdue lease or loan payments including penalties, interest, or other charges resulting from overdue payments at the time of the “loss”;
(b) Financial penalties imposed under a lease for excessive use, abnormal wear and tear or high mileage;
(c) Security deposits not refunded by the lessor;
(d) Costs for extended warranties, Credit Life Insurance, Health Accident or Disability Insurance purchased with the loan or lease; and
(e) Carry-over balances from previous loans or leases.
(2) If an owned “auto” is a covered “auto” under this coverage form and the loss payee of the covered “auto” is named a loss payee under this policy, in the event of a total loss to the covered “auto”, we will pay any unpaid amount due on the loan, less the amount paid under the Physical Damage Coverage Section of the policy; and less any;
(a) Overdue loan payments at the time of the “loss”;
(b) Costs for extended warranties, Credit Life Insurance, Health Accident or Disability Insurance purchased with the loan; and
(c) Carry-over balances from previous loans.

C. Paragraph 3. under section B. Exclusions is deleted and replaced by the following:

3. We will not pay for “loss” due and confined to:
a. Wear and tear, freezing, mechanical or electrical breakdown b. Blowouts, punctures or other road damage to tires
This exclusion does not apply to such "loss" resulting from the total theft of a covered "auto".

However, this exclusion does not include the discharge of an airbag in a covered “auto” you own that inflates due to a cause other than a cause of “loss” set forth in Paragraphs A.1.b and A.1.c.but only:
a. If that “auto” is a covered “auto” for Comprehensive Coverage under this policy; b. The airbags are not covered under any warranty; and
c. The airbags were not intentionally inflated
We will pay up to a maximum of $1,000 for any one “loss”.

D. Section D. Deductible is deleted and replaced by the following:

D. Deductible
For each covered “auto”, our obligation to pay for, repair, return or replace damaged or stolen property will be reduced by the applicable deductible shown in the Declarations subject to the following:

Any Comprehensive Coverage deductible shown in the Declarations does not apply to:
(1) “Loss” caused by fire or lightning; and
(2) "Loss" arising out of theft of your vehicle if your vehicle is equipped with an active GPS tracking system.

Insured Copy
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(3) Glass damage if repaired rather than replaced.

SECTION IV – BUSINESS AUTO CONDITIONS is amended as follows:

A. The following is added to paragraph a. under section A. Loss Conditions, 2. Duties in the Event of Accident, Claim, Suit or Loss:

This duty applies when the “accident”, claim, “suit” or “loss” is first known to:
(a) You, if you are an individual;
(b) A partner, if you are a partnership;
(c) An executive officer or insurance manager, if you are a corporation; or (d) A member or manager, if you are a limited liability company.

B. Condition 5. Transfer of Rights of Recovery against Others to Us under section A. Loss Conditions is deleted and replaced by the following:

5. Transfer of Rights of Recovery against Others to Us
If a person or organization to or for whom we make payment under this coverage form has rights to recover damages from another, those rights are transferred to us. That person or organization must do everything necessary to secure our rights and must do nothing after “accident” or “loss” to impair them.

However, if the insured has waived rights to recover through a written contract, or if your work was commenced under a letter of intent or work order, subject to a subsequent reduction in writing of such a waiver with customers whose customary contracts require a waiver, we waive any right of recovery we may have under this coverage form.

C. The following is added to Condition 2. Concealment, Misrepresentation or Fraud under section B. General Conditions:

However, if you unintentionally fail to disclose any hazards at the inception of your policy, we will not deny coverage under this coverage form because of such failure. This provision does not affect our right to collect additional premium or exercise our right of cancellation or non-renewal.

D. Paragraph b. of Condition 5. Other Insurance under section B. General Conditions is deleted and replaced by the following:
b. For Hired Auto Physical Damage Coverage, the following are deemed to be covered “autos” you own; (1) Any covered “auto” you lease, hire, rent or borrow; and (2) Any covered “auto” hired or rented by your “employee” under a contract in that individual “employee’s” name, with your permission, while performing duties related to the conduct of your business. However, any “auto” that is leased, hired, rented or borrowed with a driver is not a covered “auto”, nor is any “auto” you hire from any of your “employees”, partners (if you are a partnership), members (if you are a limited liability company), or members of their households.

Insured Copy
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COMMERCIAL AUTOMOBILE
CAU 082 (01 15)
CAU 082 (01 15) Includes copyrighted material of the Insurance Services Office, Inc., with its permission. Page 1 of 1 Copyright 2015 FCCI Insurance Group.

THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY.

AUTOMATIC INSURED – BUSINESS AUTO POLICY

PRIMARY/NON-CONTRIBUTING WHEN REQUIRED BY CONTRACT
This endorsement modifies insurance provided under the following:

BUSINESS AUTO COVERAGE FORM
This endorsement is subject to the terms, conditions, exclusions and any other provisions of the BUSINESS AUTO COVERAGE FORM or any endorsement attached thereto unless changes or additions are indicated below.

For the purpose of this endorsement, Section II.A.1. Who Is An Insured is amended by adding the following:

1. Any person or organization when you and such person have agreed in writing in a contract signed and executed by you prior to the loss for which coverage is sought, that such person or organization be added as an "insured" on your auto policy. Such person or organization shall be an "insured" to the extent your negligent actions or omissions impose liability on such "insured" without fault on its part.

2. This insurance is primary and non-contributory to other liability coverages of the person or organization being added to this policy as an "insured" when so required in a written contract or agreement that is executed prior to the loss for which coverage is sought.

Insured Copy
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PREMIER LIABILITY ENDORSEMENT

TABLE OF CONTENTS

DESCRIPTION PAGE
Additional Insured Coverage ...................................................................................................................................... 7 Bail Bonds................................................................................................................................................................... 6 Blanket Waiver of Subrogation ................................................................................................................................. 12 Bodily Injury and Property Damage ........................................................................................................................... 1 Care, Custody or Control ............................................................................................................................................ 3 Contractual Liability (Personal & Advertising Injury) .................................................................................................. 2 Electronic Data Liability .............................................................................................................................................. 1 General Liability Conditions ...................................................................................................................................... 11 Incidental Malpractice ................................................................................................................................................. 7 Insured ........................................................................................................................................................................ 7 Limited Product Withdrawal Expense ........................................................................................................................ 3 Limits of Insurance ..................................................................................................................................................... 9 Loss of Earnings ......................................................................................................................................................... 7 Lost Key Coverage ..................................................................................................................................................... 6 Newly Formed or Acquired Organizations ................................................................................................................. 9 Non-Owned Watercraft ............................................................................................................................................... 1 Property Damage Liability – Borrowed Equipment .................................................................................................... 1 Tenant’s Property and Premises Rented To You ..................................................................................................... 6 Voluntary Property Damage ....................................................................................................................................... 2 Insured Copy
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COMMERCIAL GENERAL LIABILITY
CGL 093 (02 21)
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THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY.

PREMIER LIABILITY ENDORSEMENT
This endorsement modifies insurance provided under the following:

COMMERCIAL GENERAL LIABILITY COVERAGE FORM
NOTE: The following are additions, replacements and amendments to the Commercial General Liability Coverage Form, and will apply unless excluded by separate endorsement(s) to the Commercial General Liability Coverage Form.

The COMMERCIAL GENERAL LIABILITY COVERAGE FORM is amended as follows:

SECTION I - COVERAGES, COVERAGE A. BODILY INJURY AND PROPERTY DAMAGE is amended as follows:

1. Extended “Property Damage”
Exclusion 2.a., Expected or Intended Injury, is replaced with the following:
a. “Bodily injury” or “property damage” expected or intended from the standpoint of the insured. This exclusion does not apply to “bodily injury” or “property damage” resulting from the use of reasonable force to protect persons or property.

2. Non-owned Watercraft
Exclusion 2.g. (2) (a) is replaced with the following:
(a) Less than 51 feet long; and

3. Property Damage Liability – Borrowed Equipment
The following is added to Exclusion 2.j. (4):

Paragraph (4) of this exclusion does not apply to “property damage” to borrowed equipment while at a jobsite and not being used to perform operations. The most we will pay for “property damage” to any one borrowed equipment item under this coverage is $25,000 per “occurrence”. The insurance afforded under this provision is excess over any other valid and collectible property insurance (including deductible) available to the insured, whether primary, excess, contingent or on any other basis.

4. Limited Electronic Data Liability
Exclusion 2.p. is replaced with the following:
p. Electronic Data
Damages arising out of the loss of, loss of use of, damage to, corruption of, inability to access, or inability to manipulate “electronic data” that does not result from physical injury to tangible property.

The most we will pay under Coverage A for “property damage” because of all loss of “electronic data” arising out of any one “occurrence” is $10,000.

We have no duty to investigate or defend claims or “suits” covered by this Limited Electronic Data Liability coverage.

The following definition is added to SECTION V – DEFINITIONS of the Coverage Form:
"Electronic data" means information, facts or programs stored as or on, created or used on, or transmitted to or from computer software (including systems and applications software), hard or floppy disks, CD-ROMS, tapes, drives, cells, data processing devices or any other media which are used with Insured Copy
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COMMERCIAL GENERAL LIABILITY
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electronically controlled equipment.

For purposes of this Limited Electronic Data Liability coverage, the definition of “Property Damage” in SECTION V – DEFINITIONS of the Coverage Form is replaced by the following:

17. “Property damage” means:
a. Physical injury to tangible property, including all resulting loss of use of that property. All such loss of use shall be deemed to occur at the time of the physical injury that caused it; b. Loss of use of tangible property that is not physically injured. All such loss of use shall be deemed to occur at the time of the “occurrence” that caused it; c. Loss of, loss of use of, damage to, corruption of, inability to access, or inability to properly manipulate “electronic data”, resulting from physical injury to tangible property. All such loss of “electronic data” shall be deemed to occur at the time of the “occurrence” that caused it.

For purposes of this insurance, “electronic data” is not tangible property.

SECTION I – COVERAGES, COVERAGE B. PERSONAL AND ADVERTISING INJURY LIABILITY is amended as follows:

Paragraph 2.e. Exclusions – the Contractual Liability Exclusion is deleted.

SECTION I – COVERAGES, the following coverages are added:

COVERAGE D. VOLUNTARY PROPERTY DAMAGE

1. Insuring Agreement
We will pay, at your request, for “property damage” caused by an “occurrence”, to property of others caused by you, or while in your possession, arising out of your business operations. The amount we will pay for damages is described in SECTION III LIMITS OF INSURANCE.

2. Exclusions
This insurance does not apply to:
"Property Damage" to:
a. Property at premises owned, rented, leased or occupied by you; b. Property while in transit;
c. Property owned by, rented to, leased to, loaned to, borrowed by, or used by you; d. Premises you sell, give away, or abandon, if the “property damage” arises out of any part of those premises;
e. Property caused by or arising out of the “products-completed operations hazard”; f. Motor vehicles;
g. “Your product” arising out of it or any part of it; or h. “Your work” arising out of it or any part of it.

3. Deductible
We will not pay for loss in any one “occurrence” until the amount of loss exceeds $250. We will then pay the amount of loss in excess of $250 up to the applicable limit of insurance.

4. Cost Factor
In the event of a covered loss, you shall, if requested by us, replace the damaged property or furnish the labor and materials necessary for repairs thereto at your actual cost, excluding profit or overhead charges.

The insurance afforded under COVERAGE D is excess over any other valid and collectible property or inland Insured Copy
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marine insurance (including the deductible applicable to the property or inland marine coverage) available to you whether primary, excess, contingent or any other basis.

Coverage D covers unintentional damage or destruction, but does not cover disappearance, theft, or loss of use.

The insurance under COVERAGE D does not apply if a loss is paid under COVERAGE E.

COVERAGE E. CARE, CUSTODY OR CONTROL

1. Insuring Agreement
We will pay those sums that the insured becomes legally obligated to pay as damages because of “property damage” caused by an “occurrence”, to property of others while in your care, custody, or control or property of others as to which you are exercising physical control if the “property damage” arises out of your business operations. The amount we will pay for damages is described in SECTION III LIMITS OF INSURANCE.

2. Exclusions
This insurance does not apply to:
"Property Damage” to:
a. Property at premises owned, rented, leased or occupied by you; b. Property while in transit;
c. Premises you sell, give away, or abandon, if the “property damage” arises out of any part of those premises;
d. Property caused by or arising out of the “products-completed operations hazard”; e. Motor vehicles;
f. “Your product” arising out of it or any part of it; or g. “Your work” arising out of it or any part of it.

3. Deductible
We will not pay for loss in any one “occurrence” until the amount of loss exceeds $250. We will then pay the amount of loss in excess of $250 up to the applicable limit of insurance.

4. Cost Factor
In the event of a covered loss, you shall, if requested by us, replace the damaged property or furnish the labor and materials necessary for repairs thereto at your actual cost, excluding profit or overhead charges.

The insurance afforded under COVERAGE E is excess over any other valid and collectible property or inland marine insurance (including the deductible applicable to the property or inland marine coverage) available to you whether primary, excess, contingent or any other basis.

The insurance under COVERAGE E does not apply if a loss is paid under COVERAGE D.

COVERAGE F. LIMITED PRODUCT WITHDRAWAL EXPENSE

1. Insuring Agreement
a. If you are a “seller”, we will reimburse you for "product withdrawal expenses" associated with “your product” incurred because of a "product withdrawal" to which this insurance applies.

The amount of such reimbursement is limited as described in SECTION III - LIMITS OF INSURANCE. No other obligation or liability to pay sums or perform acts or services is covered. b. This insurance applies to a "product withdrawal" only if the "product withdrawal" is initiated in the "coverage territory" during the policy period because:

Insured Copy
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(1) You determine that the "product withdrawal" is necessary; or (2) An authorized government entity has ordered you to conduct a "product withdrawal". c. We will reimburse only those "product withdrawal expenses" which are incurred and reported to us within one year of the date the "product withdrawal" was initiated. d. The initiation of a "product withdrawal" will be deemed to have been made only at the earliest of the following times:
(1) When you have announced, in any manner, to the general public, your vendors or to your employees (other than those employees directly involved in making the determination) your decision to conduct a "product withdrawal" This applies regardless of whether the determination to conduct a "product withdrawal" is made by you or is requested by a third party; (2) When you received, either orally or in writing, notification of an order from an authorized government entity to conduct a "product withdrawal; or
(3) When a third party has initiated a "product withdrawal" and you communicate agreement with the "product withdrawal", or you announce to the general public, your vendors or to your employees (other than those employees directly involved in making the determination) your decision to participate in the "product withdrawal", whichever comes first. e. "Product withdrawal expenses" incurred to withdraw "your products" which contain:
(1) The same "defect" will be deemed to have arisen out of the same "product withdrawal"; or (2) A different "defect" will be deemed to have arisen out of a separate "product withdrawal" if newly determined or ordered in accordance with paragraph 1.b of this coverage.

2. Exclusions
This insurance does not apply to "product withdrawal" expenses" arising out of:
a. Any "product withdrawal" initiated due to:
(1) The failure of "your products" to accomplish their intended purpose, including any breach of warranty of fitness, whether written or implied. This exclusion does not apply if such failure has caused or is reasonably expected to cause "bodily injury" or physical damage to tangible property.
(2) Copyright, patent, trade secret or trademark infringements; (3) Transformation of a chemical nature, deterioration or decomposition of "your product", except if it is caused by:
(a) An error in manufacturing, design, processing or transportation of "your product"; or (b) "Product tampering".
(4) Expiration of the designated shelf life of "your product". b. A "product withdrawal", initiated because of a "defect" in "your product" known to exist by the Named Insured or the Named Insured's "executive officers", prior to the inception date of this Coverage Part or prior to the time "your product" leaves your control or possession. c. Recall of any specific products for which "bodily injury" or "property damage" is excluded under Coverage A - Bodily Injury And Property Damage Liability by endorsement. d. Recall of "your products" which have been banned from the market by an authorized government entity prior to the policy period.
e. The defense of a claim or "suit" against you for "product withdrawal expenses".

3. For the purposes of the insurance afforded under COVERAGE F, the following is added to 2. Duties In The Event Of Occurrence, Offense, Claim Or Suit Condition under SECTION IV – COMMERCIAL Insured Copy
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GENERAL LIABILITY CONDITIONS:
e. Duties In The Event Of A "Defect" Or A "Product Withdrawal" (1) You must see to it that we are notified as soon as practicable of any actual, suspected or threatened "defect" in "your products", or any governmental investigation, that may result in a "product withdrawal". To the extent possible, notice should include:
(a) How, when and where the "defect" was discovered;
(b) The names and addresses of any injured persons and witnesses; and (c) The nature, location and circumstances of any injury or damage arising out of use or consumption of “your product".
(2) If a "product withdrawal" is initiated, you must:
(a) Immediately record the specifics of the "product withdrawal" and the date it was initiated; (b) Send us written notice of the "product withdrawal" as soon as practicable; and (c) Not release, consign, ship or distribute by any other method, any product, or like or similar products, with an actual, suspected or threatened defect. (3) You and any other involved insured must:
(a) Immediately send us copies of pertinent correspondence received in connection with the "product withdrawal";
(b) Authorize us to obtain records and other information; and (c) Cooperate with us in our investigation of the "product withdrawal".

4. For the purposes of this Coverage F, the following definitions are added to the Definitions Section:
a. “Defect" means a defect, deficiency or inadequacy that creates a dangerous condition. b. "Product tampering" is an act of intentional alteration of "your product" which may cause or has caused "bodily injury" or physical injury to tangible property.

When "product tampering" is known, suspected or threatened, a "product withdrawal" will not be limited to those batches of "your product" which are known or suspected to have been tampered with. c. "Product withdrawal" means the recall or withdrawal of "your products", or products which contain "your products", from the market or from use, by any other person or organization, because of a known or suspected "defect" in "your product", or a known or suspected "product tampering", which has caused or is reasonably expected to cause "bodily injury" or physical injury to tangible property. d. "Product withdrawal expenses" means those reasonable and necessary extra expenses, listed below paid and directly related to a "product withdrawal":
(1) Costs of notification;
(2) Costs of stationery, envelopes, production of announcements and postage or facsimiles; (3) Costs of overtime paid to your regular non-salaried employees and costs incurred by your employees, including costs of transportation and accommodations; (4) Costs of computer time;
(5) Costs of hiring independent contractors and other temporary employees; (6) Costs of transportation, shipping or packaging;
(7) Costs of warehouse or storage space; or
(8) Costs of proper disposal of "your products", or products that contain "your products", that cannot be reused, not exceeding your purchase price or your cost to produce the products; but "product withdrawal expenses" does not include costs of the replacement, repair or redesign of "your Insured Copy
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product", or the costs of regaining your market share, goodwill, revenue or profit. e. “Seller” means a person or organization that manufactures, sells or distributes goods or products. “Seller” does not include a “contractor” as defined elsewhere in this endorsement.

COVERAGE G. LOST KEY COVERAGE

1. Insuring Agreement
We will pay those sums, subject to the limits of liability described in SECTION III LIMITS OF INSURANCE in this endorsement and the deductible shown below, that you become legally obligated to pay as damages caused by an “occurrence” and due to the loss or mysterious disappearance of keys entrusted to or in the care, custody or control of you or your “employees” or anyone acting on your behalf. The damages covered by this endorsement are limited to the:
a. Actual cost of the keys;
b. Cost to adjust locks to accept new keys; or
c. Cost of new locks, if required, including the cost of installation.

2. Exclusions
This insurance does not apply to:
a. Keys owned by any insured, employees of any insured, or anyone acting on behalf of any insured; b. Any resulting loss of use; or
c. Any of the following acts by any insured, employees of any insured, or anyone acting on behalf of any insured:
1) Misappropriation;
2) Concealment;
3) Conversion;
4) Fraud; or
5) Dishonesty.

3. Deductible
We will not pay for loss in any one “occurrence” until the amount of loss exceeds $1,000. The limits of insurance will not be reduced by the application of the deductible amount.

We may pay any part or all of the deductible amount to effect settlement of any claim or "suit" and, upon notification of the action taken, you shall promptly reimburse us for such part of the deductible amount as has been paid by us.

EXPANDED COVERAGE FOR TENANT’S PROPERTY AND PREMISES RENTED TO YOU The first paragraph after subparagraph (6) in Exclusion j., Damage to Property is amended to read as follows:

Paragraphs (1), (3) and (4) of this exclusion do not apply to "property damage" (other than damage by fire) to premises, including the contents of such premises, rented to you. A separate limit of insurance applies to Damage To Premises Rented To You as described in Section III – Limits Of Insurance.

SECTION I - COVERAGES, SUPPLEMENTARY PAYMENTS – COVERAGE A and B is amended as follows:

All references to SUPPLEMENTARY PAYMENTS – COVERAGES A and B are amended to SUPPLEMENTARY PAYMENTS – COVERAGES A, B, D, E, and G.

1. Cost of Bail Bonds
Paragraph 1.b. is replaced with the following:

Insured Copy
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b. Up to $2,500 for cost of bail bonds required because of accidents or traffic law violations arising out of the use of any vehicle to which the Bodily Injury Liability Coverage applies. We do not have to furnish these bonds.

2. Loss of Earnings
Paragraph 1.d. is replaced with the following:
d. All reasonable expenses incurred by the insured at our request to assist us in the investigation or defense of the claim or “suit”, including actual loss of earnings up to $500 a day because of time off from work.

SECTION II – WHO IS AN INSURED is amended as follows:

1. Incidental Malpractice
Paragraph 2.a.(1)(d) is replaced with the following:
(d) Arising out of his or her providing or failing to provide professional health care services. However, this exclusion does not apply to a nurse, emergency medical technician or paramedic employed by you to provide medical services, unless:
(i) You are engaged in the occupation or business of providing or offering medical, surgical, dental, x-ray or nursing services, treatment, advice or instruction; or (ii) The “employee” has another insurance that would also cover claims arising under this provision, whether the other insurance is primary, excess, contingent or on any other basis.

2. Broadened Who Is An Insured
The following are added to Paragraph 2.:
e. Subsidiaries
Your subsidiaries if:
(1) They are legally incorporated entities; and
(2) You own more than 50% of the voting stock in such subsidiaries as of the effective date of this policy.

If such subsidiaries are not shown in the Declarations, you must report them to us within 180 days of the inception of your original policy.
f. Additional Insureds
The following additional insured provisions do not apply to any additional insureds which are added to the policy by an endorsement that specifically identifies or designates the additional insured or project involved.

General Provision. Any person or organization which requires in a written agreement with you that such person or organization be made an additional insured is an additional insured, but only with respect to covered “bodily injury”, “property damage”, and “personal and advertising injury” which is caused, in whole or in part, by “your work” under the same written agreement.

Specific Additional Insured Provisions.

Notwithstanding the general provision above, if the purported additional insured falls under one of the following specific categories, then only the following provisions shall apply to such additional insured:

If the additional insured is an owner, lessor or manager of premises, such person or organization shall be covered only with respect to liability for “bodily injury”, “property damage” or “personal and advertising injury” caused, in whole or in part, by you or those acting on your behalf in connection with the ownership, maintenance or use of that part of any premises leased to you and subject to the following additional exclusions:
(1) Any “occurrence” that takes place after you cease to occupy those premises; or (2) Structural alterations, new construction or demolition operations performed by or on behalf of such Insured Copy
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person or organization.

If the additional insured is the state or any political subdivision, the state or political subdivision shall be covered only with respect to operations performed by you or on your behalf for which the state or political subdivision has issued a permit, and only with respect to liability as a permit issuer. This insurance does not apply to:
(1) “Bodily injury“, “property damage”, or “personal and advertising injury” arising out of operations performed for the state or municipality; or
(2) “Bodily injury” or “property damage” included within the “products-completed operations hazard”.

If the additional insured is a lessor of leased equipment, such lessor shall be covered only with respect to liability for “bodily injury”, “property damage” or “personal and advertising injury” caused, in whole or in part, by your maintenance, operation or use of equipment leased to you by such person(s) or organization(s). With respect to the insurance afforded to these additional insureds, this insurance does not apply to any “occurrence” which takes place after the equipment lease expires.

If the additional insured is an architect, engineer, or surveyor, such architect, engineer, or surveyor is an additional insured only with respect to liability for “bodily injury”, “property damage” or “personal and advertising injury” caused, in whole or in part, by your acts or omissions, or the acts or omissions of those acting on your behalf in connection with your premises, or in the performance of your ongoing operations.

With respect to the insurance afforded to these additional insureds, the following additional exclusion applies:

This insurance does not apply to “bodily injury”, “property damage”, or “personal and advertising injury” arising out of the rendering of or the failure to render any professional services by or for you, including:
(1) The preparing, approving, or failing to prepare or approve, maps, shop drawings, opinions, reports, surveys, field order, change orders, drawings and specifications; or (2) Supervisory, inspection, architectural or engineering activities.

If the additional Insured is a mortgagee, assignee, or receiver of premises, such mortgagee, assignee or receiver of premises is an additional insured only with respect to their liability arising out of the ownership, maintenance, or use of the premises by you. This insurance does not apply to structural alterations, new construction and demolition operations performed by or for that person or organization.

If the additional insured is a vendor, such vendor is an additional insured only with respect to liability for “bodily injury” or “property damage” caused by “your products” which are distributed or sold in the regular course of the vendor’s business, subject to the following additional exclusions:

1. The insurance afforded to the vendor does not apply to:
a. “Bodily injury” or “property damage” for which the vendor is obligated to pay damages by reason of the assumption of liability in a contract or agreement. This exclusion does not apply to liability for damages that the vendor would have in absence of the contract or agreement. b. Any express warranty unauthorized by you;
c. Any physical or chemical change in “your product” made intentionally by the vendor; d. Repackaging, unless unpacked solely for the purpose of inspection, demonstration, testing, or the substitution of parts under instructions from the manufacturer, and then repackaged in the original container;
e. Any failure to make such inspections, adjustments, tests or servicing as the vendor has agreed to make or normally undertakes to make in the usual course of business, in connection with the distribution or sale of the products;
f. Demonstration, installation, servicing or repair operations, except such operations performed at the vendor’s premises in connection with the sale of the product; g. Products which, after distribution or sale by you, have been labeled or relabeled or used as a Insured Copy
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container, part or ingredient of any other thing or substance by or for the vendor; or h. “Bodily injury” or “property damage” arising out of the sole negligence of the vendor for its own acts or omissions or those of its own acts or omissions or those of its employees or anyone else acting on its behalf. However, this exclusion does not apply to:
(1) The exceptions contained in Subparagraphs d. or f.; or (2) Such inspections, adjustments, tests or servicing as the vendor has agreed to make or normally undertakes to make in the usual course of business, in connection with the distribution or sale of the products.

2. This insurance does not apply to any insured person or organization, from whom you have acquired such products, or any ingredient, part or container, entering into, accompanying or containing such products.

The coverage afforded to any additional insured(s) under Paragraph 2.f. above:

1. Only applies to the extent permitted by law;

2. Will not be broader than that which you are required by the contract or agreement to provide for such additional insured;

3. Will not be broader than that which is afforded to you under this policy;

4. Is subject to the conditions described under this paragraph f.; and

5. Nothing herein shall extend the term of this policy.

3. Newly Formed or Acquired Organizations
Paragraph 3. is amended as follows:
a. Coverage under this provision is afforded until the end of the policy period. d. Coverage A does not apply to product recall expense arising out of any withdrawal or recall that occurred before you acquired or formed the organization.

SECTION III – LIMITS OF INSURANCE is amended as follows:

1. Paragraph 2. is replaced with the following:

2. The General Aggregate Limit is the most we will pay for the sum of:
a. Medical expenses under Coverage C;
b. Damages under Coverage A, except damages because of “bodily injury” or “property damage” included in the “products-completed operations hazard”; c. Damages under Coverage B;
d. Voluntary “property damage” payments under Coverage D; e. Care, Custody or Control damages under Coverage E; and f. Lost Key Coverage under Coverage G.

2. Paragraph 5. is replaced with the following:

5. Subject to Paragraph 2. or 3. above, whichever applies, the Each Occurrence Limit is the most we will pay for the sum of:
a. Damages under Coverage A;
b. Medical expenses under Coverage C;
c. Voluntary “property damage” payments under Coverage D; d. Care, Custody or Control damages under Coverage E;
Insured Copy
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e. Limited Product Withdrawal Expense under Coverage F; and f. Lost Key Coverage under Coverage G.
because of all “bodily injury” and “property damage” arising out of any one “occurrence”.

3. Paragraph 6. is replaced with the following:

6. Subject to Paragraph 5. above, the Damage To Premises Rented To You Limit is the most we will pay under Coverage A for damages because of “property damage” to any one premises, while rented to you, or in the case of damage by fire or explosion, while rented to you or temporarily occupied by you with permission of the owner.

The Damage To Premises Rented To You Limit is the higher of the Each Occurrence Limit shown in the Declarations or the amount shown in the Declarations as Damage To Premises Rented To You Limit.

4. Paragraph 7. is replaced with the following:

7. Subject to Paragraph 5. above, the higher of $10,000 or the Medical Expense Limit shown in the Declarations is the most we will pay under Coverage C for all medical expenses because of “bodily injury” sustained by any one person.

5. Paragraph 8. is added as follows:

8. Subject to Paragraph 5. above, the most we will pay under Coverage D. Voluntary Property Damage for loss arising out of any one “occurrence” is $1,500. The most we will pay in any one-policy period, regardless of the number of claims made or suits brought, is $3,000.

6. Paragraph 9. is added as follows:

9. Subject to Paragraph 5. above, the most we will pay under Coverage E. Care, Custody or Control for “property damage” arising out of any one “occurrence” is $1,000. The most we will pay in any one-policy period, regardless of the number of claims made or suits brought, is $5,000.

7. Paragraph 10. is added as follows:

10. Subject to Paragraph 5. above, the most we will pay under Coverage F. Limited Product Withdrawal Expense for “product withdrawal expenses” in any one-policy period, regardless of the number of insureds, “product withdrawals” initiated or number of “your products” withdrawn is $10,000.

8. Paragraph 11. Is added as follows:

11. Subject to Paragraph 5. above, the most we will pay under Coverage G, Lost Key Coverage for damages arising out of any one occurrence is $50,000.

9. Paragraph 12. is added as follows:

12. The General Aggregate Limit applies separately to each “location” owned by or rented to you. “Location” as used in this sentence means premises involving the same or connecting lots, or premises whose connection is interrupted only by a street, roadway, waterway or right-of-way of a railroad.

10. Paragraph 13. is added as follows:
13 With respect to the insurance afforded to any additional insured provided coverage under this endorsement:

If coverage provided to the additional insured is required by a contract or agreement, the most we will pay on behalf of the additional insured is the amount of insurance:
a. Required by the contract or agreement; or
b. Available under the applicable Limits of Insurance;
whichever is less.

This endorsement shall not increase the applicable Limits of Insurance.

Insured Copy
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SECTION IV – COMMERCIAL GENERAL LIABILITY CONDITIONS is amended as follows:

1. Subparagraph 2.a. of Duties In The Event Of Occurrence, Offense, Claim, or Suit is replaced with the following:
a. You must see to it that we are notified as soon as practicable of an “occurrence” or an offense which may result in a claim. This requirement applies only when the “occurrence” or offense is known to the following:
(1) An individual who is the sole owner;
(2) A partner, if you are a partnership or joint venture; (3) An “executive officer” or insurance manager, if you are a corporation; (4) A manager, if you are a limited liability company;
(5) A person or organization having proper temporary custody of your property if you die; (6) The legal representative of you if you die; or
(7) A person (other than an “employee”) or an organization while acting as your real estate manager.

To the extent possible, notice should include:
(1) How, when and where the “occurrence” or offense took place; (2) The names and addresses of any injured persons and witnesses; and (3) The nature and location of any injury or damage arising out of the “occurrence” or offense.

2. The following is added to Subparagraph 2.b. of Duties In The Event Of Occurrence, Offense, Claim, or Suit:

The requirement in 2.b.applies only when the “occurrence” or offense is known to the following:
(1) An individual who is the sole owner;
(2) A partner or insurance manager, if you are a partnership or joint venture; (3) An “executive officer” or insurance manager, if you are a corporation; (4) A manager or insurance manager, if you are a limited liability company; (5) Your officials, trustees, board members or insurance manager, if you are a not-for-profit organization; (6) A person or organization having proper temporary custody of your property if you die; (7) The legal representative of you if you die; or
(8) A person (other than an “employee”) or an organization while acting as your real estate manager.

3. The following is added to paragraph 2. of Duties in the Event of Occurrence, Offense, Claim or Suit:
e. If you report an “occurrence” to your workers compensation carrier that develops into a liability claim for which coverage is provided by the Coverage Form, failure to report such an “occurrence” to us at the time of the “occurrence” shall not be deemed a violation of paragraphs a., b., and c. above. However, you shall give written notice of this “occurrence” to us as soon as you become aware that this “occurrence” may be a liability claim rather than a workers compensation claim.

4. Paragraph 6. is replaced with the following:

6. Representations
By accepting this policy, you agree:
a. The statements in the Declarations are accurate and complete; b. Those statements are based upon representations you made to us; and Insured Copy
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c. We have issued this policy in reliance upon your representations.

Any error or omission in the description of, or failure to completely describe or disclose any premises, operations or products intended to be covered by the Coverage Form will not invalidate or affect coverage for those premises, operations or products, provided such error or omission or failure to completely describe or disclose premises, operations or products was not intentional.

You must report such error or omission to us as soon as practicable after its discovery. However, this provision does not affect our right to collect additional premium charges or exercise our right of cancellation or nonrenewal.

5. The following is added to paragraph 8. Transfer Of Rights Of Recovery Against Others To Us:

We waive any right of recovery against any person or organization, because of any payment we make under this Coverage Part, to whom the insured has waived its right of recovery in a written contract or agreement. Such waiver by us applies only to the extent that the insured has waived its right of recovery against such person or organization prior to loss.

6. Paragraph 10. is added as follows:

10. Liberalization
If we revise this Coverage Form to provide more coverage without additional premium charge, your policy will automatically provide the additional coverage as of the day the revision is effective in the applicable state(s).

Insured Copy
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This endorsement changes the policy to which it is attached and is effective on the date issued unless otherwise stated. (The information below is required only when this endorsement is issued subsequent to preparation of the policy.) Endorsement Effective 06-17-22 Policy No. WC0100078110-00 Endorsement No.

Insured George E Booth Company Inc Premium $ Incl.

Insurance Company National Trust Insurance Company
Countersigned By

WC 00 03 13
(Ed. 4-84)
 1983 National Council on Compensation Insurance.

WORKERS COMPENSATION AND EMPLOYERS LIABILITY INSURANCE POLICY WC 00 03 13 (Ed. 4-84)

WAIVER OF OUR RIGHT TO RECOVER FROM OTHERS ENDORSEMENT
We have the right to recover our payments from anyone liable for an injury covered by this policy. We will not enforce our right against the person or organization named in the Schedule. (This agreement applies only to the extent that you perform work under a written contract that requires you to obtain this agreement from us.)
This agreement shall not operate directly or indirectly to benefit anyone not named in the Schedule.

Schedule
All persons or organizations that, in a written contract executed by both parties prior to the date of the injury covered by this policy, require you to obtain this agreement from us.

NOTE: This endorsement does not apply to any work completed at job sites located in Kentucky.

Insured Copy
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AMENDMENT NO. 1

TO AGREEMENT FOR CONTRACTUAL SERVICES

THIS AMENDMENT TO THE AGREEMENT FOR CONTRACTUAL SERVICES (“Amendment No. 1”) by and between the CITY OF GLENDORA (“City”) and THE GEORGE E. BOOTH CO, INC., an Indiana Corporation (“Contractor”) is effective as of the ____ day of _______, 2022.

RECITALS
A. City and Contractor entered into that certain Agreement for Contractual Services dated September 08, 2020 (“Agreement”) whereby Contractor agreed to provide Supervisory Control and Data Acquisition (SCADA) System Maintenance Services.

B. City and Contractor now desire to amend the Agreement to increase the contract sum from $78,000 to $223,759.

TERMS

1. Contract Changes. The Agreement is amended as provided herein. Deleted text is indicated in strikethrough and added text in bold italics. a. “2.1 Contract Sum. Subject to any limitations set forth in this Agreement, City agrees to pay Consultant the amounts specified in the “Schedule of Compensation” attached hereto as Exhibit “C” and incorporated herein by this reference. The total compensation, including reimbursement for actual expenses, shall not exceed $78,000 (Seventy Eight Thousand Dollars) $223,759 (Two hundred Twenty-three Thousand Seven Hundred Fifty-nine) (the “Contract Sum”), unless additional compensation is approved pursuant to Section 1.9.”

2. Continuing Effect of Agreement. Except as amended by this Amendment No. 1, the provisions of the Agreement shall remain unchanged and in full force and effect. From and after the date of this Amendment No. 1, whenever the term “Agreement” appears in the Agreement, it shall mean the Agreement, as amended by this Amendment No. 1 to the Agreement.

3. Affirmation of Agreement; Warranty Re Absence of Defaults. City and Contractor each ratify and reaffirm each and every one of the respective rights and obligations arising under the Agreement. Each party represents and warrants to the other that there have been no written or oral modifications to the Agreement other than as provided herein. Each party represents and warrants to the other that the Agreement is currently an effective, valid, and binding obligation.

Contractor represents and warrants to City that, as of the date of this Amendment No. 1 City is not in default of any material term of the Agreement and that there have been no events that, with the passing of time or the giving of notice, or both, would constitute a material default under the Agreement.

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01240.0001/535314.1 -2-
City represents and warrants to Contractor that, as of the date of this Amendment No. 1, Contractor is not in default of any material term of the Agreement and that there have been no events that, with the passing of time or the giving of notice, or both, would constitute a material default under the Agreement.

4. Adequate Consideration. The parties hereto irrevocably stipulate and agree that they have each received adequate and independent consideration for the performance of the obligations they have undertaken pursuant to this Amendment No. 1.

5. Authority. The persons executing this Amendment No. 1 on behalf of the parties hereto warrant that (i) such party is duly organized and existing, (ii) they are duly authorized to execute and deliver this Amendment No. 1 on behalf of said party, (iii) by so executing this Amendment No. 1, such party is formally bound to the provisions of this Amendment , and (iv) the entering into this Amendment No. 1 does not violate any provision of any other agreement to which said party is bound.
[SIGNATURES ON FOLLOWING PAGE]
Item #13. Page 66
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01240.0001/535314.1 -3-
IN WITNESS WHEREOF, the parties hereto have executed this Agreement on the date and year first-above written.

CITY:

City of Glendora, a municipal corporation
______________________________________
Adam Raymond
City Manager
APPROVED AS TO FORM: CERTIFY AVAILABILITY OF FUNDS:

ALESHIRE & WYNDER, LLP
______________________________________ ______________________________________ William W. Wynder
City Attorney
Marie Ricci
Administrative Services Director/City Treasurer
ATTEST:
______________________________________
Kathleen R. Sessman
City Clerk/Communications Director
CONTRACTOR:

THE GEORGE E. BOOTH CO, INC.

By: __________________________________
Name: Scott Young
Title: President
By: __________________________________
Name: Brian Kinnick
Title: Director of Operations
Address:

The George E. Booth Co, Inc.
8202 W, 10th Street
Indianapolis, IN 46214
Two corporate officer signatures required when Contractor is a corporation, with one signature required from each of the following groups: 1) Chairman of the Board, President or any Vice President; and 2) Secretary, any Assistant Secretary, Chief Financial Officer or any Assistant Treasurer. CONTRACTOR’S SIGNATURES

SHALL BE DULY NOTARIZED, AND APPROPRIATE ATTESTATIONS SHALL BE INCLUDED AS

MAY BE REQUIRED BY THE BYLAWS, ARTICLES OF INCORPORATION, OR OTHER RULES OR REGULATIONS APPLICABLE TO CONTRACTOR’S BUSINESS ENTITY.

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01240.0001/535314.1

CALIFORNIA ALL-PURPOSE ACKNOWLEDGMENT

STATE OF CALIFORNIA

COUNTY OF LOS ANGELES
On __________, 2021 before me, ________________, personally appeared ________________, proved to me on the basis of satisfactory evidence to be the person(s) whose names(s) is/are subscribed to the within instrument and acknowledged to me that he/she/they executed the same in his/her/their authorized capacity(ies), and that by his/her/their signature(s) on the instrument the person(s), or the entity upon behalf of which the person(s) acted, executed the instrument.

I certify under PENALTY OF PERJURY under the laws of the State of California that the foregoing paragraph is true and correct.

WITNESS my hand and official seal.

Signature: _____________________________________

OPTIONAL
Though the data below is not required by law, it may prove valuable to persons relying on the document and could prevent fraudulent reattachment of this form.

CAPACITY CLAIMED BY SIGNER DESCRIPTION OF ATTACHED DOCUMENT

INDIVIDUAL

CORPORATE OFFICER
_______________________________

TITLE(S)

PARTNER(S) LIMITED

GENERAL

ATTORNEY-IN-FACT

TRUSTEE(S)

GUARDIAN/CONSERVATOR
OTHER_______________________________
______________________________________
SIGNER IS REPRESENTING:
(NAME OF PERSON(S) OR ENTITY(IES))
_____________________________________________
_____________________________________________
___________________________________

TITLE OR TYPE OF DOCUMENT
___________________________________

NUMBER OF PAGES
___________________________________

DATE OF DOCUMENT
___________________________________

SIGNER(S) OTHER THAN NAMED ABOVE
A notary public or other officer completing this certificate verifies only the identity of the individual who signed the document to which this certificate is attached, and not the truthfulness, accuracy or validity of that document.

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01240.0001/535314.1

CALIFORNIA ALL-PURPOSE ACKNOWLEDGMENT

STATE OF CALIFORNIA

COUNTY OF LOS ANGELES
On __________, 2021 before me, ________________, personally appeared ________________, proved to me on the basis of satisfactory evidence to be the person(s) whose names(s) is/are subscribed to the within instrument and acknowledged to me that he/she/they executed the same in his/her/their authorized capacity(ies), and that by his/her/their signature(s) on the instrument the person(s), or the entity upon behalf of which the person(s) acted, executed the instrument.

I certify under PENALTY OF PERJURY under the laws of the State of California that the foregoing paragraph is true and correct.

WITNESS my hand and official seal.

Signature: _____________________________________

OPTIONAL
Though the data below is not required by law, it may prove valuable to persons relying on the document and could prevent fraudulent reattachment of this form.

CAPACITY CLAIMED BY SIGNER DESCRIPTION OF ATTACHED DOCUMENT

INDIVIDUAL

CORPORATE OFFICER
_______________________________

TITLE(S)

PARTNER(S) LIMITED

GENERAL

ATTORNEY-IN-FACT

TRUSTEE(S)

GUARDIAN/CONSERVATOR
OTHER_______________________________
______________________________________
SIGNER IS REPRESENTING:
(NAME OF PERSON(S) OR ENTITY(IES))
_____________________________________________
_____________________________________________
___________________________________

TITLE OR TYPE OF DOCUMENT
___________________________________

NUMBER OF PAGES
___________________________________

DATE OF DOCUMENT
___________________________________

SIGNER(S) OTHER THAN NAMED ABOVE
A notary public or other officer completing this certificate verifies only the identity of the individual who signed the document to which this certificate is attached, and not the truthfulness, accuracy or validity of that document.

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STAFF REPORT
TO: MAYOR AND COUNCIL MEMBERS DATE:

FROM: PUBLIC WORKS DISTRICTS: CITYWIDE
SUBJECT: APPROVE AMENDMENT NO. 1 TO THE AGREEMENT WITH GEORGE E. BOOTH CO, INC. FOR SUPERVISORY CONTROL AND DATA ACQUISITION (SCADA) SYSTEM MAINTENANCE SERVICES FOR PUBLIC WORKS – WATER DIVISION IN THE AMOUNT NOT TO EXCEED $ 223,759.

RECOMMENDATION
That the City Council:
1) Approve Amendment No. 1 to the Contract Services Agreement with George E. Booth Co, Inc. for SCADA System Maintenance Services for the Public Works Department – Water Division in the amount not to exceed $ 223,759; and
2) Authorize the City Manager, or his designee, to execute Amendment No. 1, including making minor non-substantive changes.

EXECUTIVE SUMMARY
The George E. Booth Co, Inc. (GEB) provides various engineering services, including, but not limited to, system integration, consulting, design, preparing reports, making investigations, and recommendations, providing after hour on-site service and installation for the maintenance and necessary upgrades of the Supervisory Control and Data Acquisition (SCADA) System.

Staff is requesting to amend the original agreement retroactively to increase the contract amount to $223,759 to cover the SCADA system maintenance expenses through June 2023.

LEGISLATIVE HISTORY / PREVIOUS ACTIONS
The City of Glendora, Water Division utilizes a Supervisory Control and Data Acquisition (SCADA) system to monitor and manage the pumps, well, reservoirs, and pressure within the municipal water system. SCADA systems are used to maintain proper water levels for the health and safety of customers. The system also allows staff to verify that the water system is functioning effectively and efficiently without physically being present 24 hours a day when pumps and wells are working.

In June 2020, City staff used a qualification-based selection process for the Request for Proposal for SCADA system maintenance to streamline additional maintenance of the SCADA system. Upon review, staff chose The George E. Booth Co., Inc. (GEB) of Indiana based on their level of experience and expertise with the equipment utilized by the City of Glendora, Water Division as well as the more reasonable cost of performing maintenance comparatively. GEB has successfully provided these services for the Water Division for several years.

On September 8, 2020, City Council awarded the Contract Services Agreement for SCADA System maintenance services to GEB in an amount not to exceed $78,000 for July 1, 2020 through June 30, 2023.

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DISCUSSION
The City of Glendora, Water Division utilizes a Supervisory Control and Data Acquisition (SCADA) system to monitor and manage the pumps, well, reservoirs, and pressure within the municipal water system.

SCADA systems are used to maintain proper water levels for the health and safety of customers. The system also allows staff to verify that the water system is functioning effectively and efficiently without physically being present 24 hours a day when pumps and wells are working. The City of Glendora has been utilizing a SCADA system for 29 years and has made numerous upgrades to the software to meet the current requirements of the State as well as demand within the City. In the past, staff has put out the maintenance of the system to informal bid as certain projects or needs arise.

The purpose of the maintenance contract with GEB is to provide the Water Division with the ability to make an annual plan of maintenance upgrades for the SCADA system. In the past, staff was focusing more on repairs and necessary upgrades only. With this contract, staff is making strategic plans of which equipment can be updated each year as well as the regular system maintenance that is required to keep the system running smoothly. It is in the best interest of the City to have this type of forecasting and stability with a single vendor so that the SCADA system components can steadily improve.

The current agreement with GEB was executed in September 2020 to provide SCADA system maintenance services. Approval of the agreement established a contract term of three (3) years with the option of two (2) additional one-year extensions subject to the approval of the City Council. The agreement established a not to exceed amount of $78,000. However, in an effort to improve and upgrade the water distribution system of the City, more extensive upgrade works have been done under this maintenance contract to make sure the water municipal system is under proper and efficient operation to serve residents. Therefore, staff respectfully requests for an additional budget of $145,759 to increase the contract amount from $78,000 to $223,759.

FISCAL IMPACT
Funding for the increased contract amount of $145,759 is available in the Water Production Operations budget as follows; $87,000 from SCADA System (531-6571-53560), $5,000 from Telemetering Repair (531- 6571-56330) and $53,759 from Pumping Expenses (531-6571-53150). Following is the summary showing SCADA maintenance services to be provided by GEB for the additional budget.

Fiscal Year SCADA Maintenance
Expenses
2020-21 $79,937.12
2021-22 $39,821.88
2022-23 $104,000.00
Total amendment amount $223,759.00

ENVIRONMENTAL DETERMINATION
This activity is not a “project” as defined by Section 21065 of the Public Resources Code or Section 15060 or Section 15378 of Title 14, Chapter 3 of the California Code of Regulations under Guidelines for Implementation of the California Environmental Quality Act (CEQA).

Prepared By Michael Mai, Associate Civil Engineer
Reviewed By Alison Sweet, Public Works Director
Certified to Availability of Funds Marie Ricci, Administrative Services Director/City Treasurer Approved By Adam Raymond, City Manager
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Legal Review William W. Wynder, City Attorney
CEQA Review Jeff Kugel, Community Development Director
ATTACHMENTS:

A. Amendment No. 1 - George E. Booth Co, Inc.

B. Contract Services Agreement – George E. Booth Co, Inc. (September 2020) Item #13. Page 99
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STAFF REPORT
TO: MAYOR AND COUNCIL MEMBERS DATE: AUGUST 23, 2022
FROM: PUBLIC WORKS DISTRICT(S): CITYWIDE
SUBJECT: APPROVE AMENDMENT NO. 1 TO CONTRACT SERVICES AGREEMENT WITH

THIRKETTLE CORP DBA AQUA METRIC SALES COMPANY FOR SERVICES FOR

WATER DIVISION AMI METER SYSTEM MAINTENANCE EXTENDING ONE YEAR TO FY 2022/23 NOT TO EXCEED $50,930 (STRATEGIC PLAN ITEM 47 - IMCIF)

RECOMMENDATION
That the City Council:

1. Approve Amendment No. 1 to the Contract Services Agreement with Thirkettle Corp dba Aqua Metric Sales Company for the AMI Meter System Annual Maintenance in the amount not to exceed $50,930; and

2. Authorize the City Manager or his designee to execute Amendment No.1 with Thirkettle Corp dba Aqua Metric Sales Company including minimal and/or non-substantive changes.

EXECUTIVE SUMMARY
The Public Works Department has been utilizing Aqua Metric Sales Company for the AMI Meter System Annual Maintenance for the routine maintenance and software support of the AMI system. Currently, Aqua Metric Sale Company is the sole source provider for Sensus meters and the corresponding software for water billing and customer website data. This company has been providing services to the city and maintain the current meter software since the installation of the meters began in 2015.

LEGISLATIVE HISTORY / PREVIOUS ACTIONS
The Advanced Metering Infrastructure (AMI), water meter replacement project was awarded by Council on July 14th, 2015 to Aqua Metric Sales Company. The scope of this project consisted of replacing and upgrading approximately 13,500 of the City of Glendora’s old water meters with Sensus smart meter technology. The project Notice of Completion was awarded at the June 27, 2017 City Council Meeting. In 2018, Council approved the AMI Meter System Annual Maintenance contract to Aqua Metric Sales Company for the routine maintenance and software support of the AMI system.

DISCUSSION
The City has been utilizing the Analytics system provided by Aqua Metrics Sale Company and Sensus to digitally read meters, compile customer consumption, create billing data, visualize meter locations, and connect with customers regarding leaks and usage through a customer portal. Aqua Metrics Sales Company has maintained the software during this time.

The Analytics software was integrated into the City’s system in 2019 and provides a greater scope of services regarding billing, customer service, and an upgrade to the customer portal which allows for better comparisons and heightened conservation messaging. After assessing the issues and seeing the corrections and additional features that Analytics provides, staff had made the decision to upgrade to the new system that was also more cost effective. The Analytics system’s total cost was $85,000 for year one (1) and $50,930 for subsequent years.

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FISCAL IMPACT
Funding for this amendment is available in the Water Operations Customer Service Contract Services line (Account No. 531-6568-59100) that is funded by the Water Fund and has been budgeted to contain any maintenance or contracts related to the water meter system. The FY 2022/23 Adopted Budget account contains funds in the amount of $180,000 for maintenance to the AMI system, backflow testing, and meter testing services. The AMI Meter System Annual Maintenance costs with Aqua Metric Sale Company are based on attachment B and are not to exceed $50,930.

ENVIRONMENTAL DETERMINATION
This activity is not a “project” as defined by Section 21065 of the Public Resources Code or Section 15060 or Section 15378 of Title 14, Chapter 3 of the California Code of Regulations under Guidelines for Implementation of the California Environmental Quality Act (CEQA).

Prepared By Ivy Gonzalez, Administrative Assistant
Concurs With Not Applicable
Reviewed By Alison Sweet, Public Works Director
Certified to Availability of Funds Marie Ricci, Administrative Services Director/City Treasurer Approved By Adam Raymond, City Manager
Legal Review William W. Wynder, City Attorney
CEQA Review Not Applicable
ATTACHMENTS:

A. Contract Services Agreement
B. Amendment No. 1
C. Fiscal Year 2022/23 Rates
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AMENDMENT NO. 1

TO AGREEMENT FOR CONTRACTUAL SERVICES

THIS AMENDMENT TO THE AGREEMENT FOR CONTRACTUAL SERVICES (“Amendment No. 1”) by and between the CITY OF GLENDORA a municipal corporation (“City”), and THIRKETTLE CORP DBA AQUA METRIC SALES CO., a California Corporation (“Contractor”), is effective as of the _____ day of __________ 2022.

RECITALS
A. City and Contractor entered into that certain Agreement for Contractual Services dated January 2020 (“Agreement”) whereby Contractor agreed to provide Advanced Metering Infrastructure (AMI) Services.

B. City and Contractor now desire to amend the Agreement to extend the Term of the Agreement from the close of business on June 30, 2022 to the close of business on June 30, 2023.

TERMS

1. Contract Changes. The Agreement is amended as provided herein. Deleted text is indicated in strikethrough and added text in bold italics. a. “Unless earlier terminated in accordance with Article 7 of this Agreement, this Agreement shall continue in full force and effect until completion of the services but not exceeding one (1) calendar year commencing on July 1, 2022 the date hereof, except otherwise provided in the Schedule of Performance (Exhibit “D”). The City may, in its sole discretion, extend the Term for five (5) four (4) one (1) additional one (1) year extended term provided the Contractor Officer gives written notice of the same not later than sixty (60) calendar days prior to the expiration of the Term.”
b. EXHIBIT “C” SCHEDULE OF COMPENSATION replace the original Exhibit “C” in its entirety with the attached rate schedule. There shall be no escalation of any rates for the duration of the extended contract period (July 1, 2022 through June 30, 2023) or any extended terms thereafter.

2. Continuing Effect of Agreement. Except as amended by this Amendment No. 1, the provisions of the Agreement shall remain unchanged and in full force and effect. From and after the date of this Amendment No. 1, whenever the term “Agreement” appears in the Agreement, it shall mean the Agreement, as amended by this Amendment No. 1 to the Agreement.

3. Affirmation of Agreement; Warranty Re Absence of Defaults. City and Contractor each ratify and reaffirm each and every one of the respective rights and obligations arising under the Agreement. Each party represents and warrants to the other that there have been no written or oral modifications to the Agreement other than as provided herein. Each party represents and warrants to the other that the Agreement is currently an effective, valid, and binding obligation.

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Contractor represents and warrants to City that, as of the date of this Amendment No. 1, City is not in default of any material term of the Agreement and that there have been no events that, with the passing of time or the giving of notice, or both, would constitute a material default under the Agreement.

City represents and warrants to Contractor that, as of the date of this Amendment No. 1, Contractor is not in default of any material term of the Agreement and that there have been no events that, with the passing of time or the giving of notice, or both, would constitute a material default under the Agreement.

4. Adequate Consideration. The parties hereto irrevocably stipulate and agree that they have each received adequate and independent consideration for the performance of the obligations they have undertaken pursuant to this Amendment No. 1.

5. Authority. The persons executing this Amendment No. 1 on behalf of the parties hereto warrant that (i) such party is duly organized and existing, (ii) they are duly authorized to execute and deliver this Amendment No. 1 on behalf of said party, (iii) by so executing this Amendment No. 1, such party is formally bound to the provisions of this Amendment , and (iv) the entering into this Amendment No. 1 does not violate any provision of any other agreement to which said party is bound.
[SIGNATURES ON FOLLOWING PAGE]
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IN WITNESS WHEREOF, the parties hereto have executed this Agreement on the date and year first-above written.

CITY:

City of Glendora, a municipal corporation
Adam Raymond
City Manager
APPROVED AS TO FORM: CERTIFY AVAILABILITY OF FUNDS:

ALESHIRE & WYNDER, LLP
William W. Wynder
City Attorney
Marie Ricci
Administrative Services Director/City Treasurer
ATTEST:

Kathleen R. Sessman
City Clerk/Communications Director
CONTRACTOR:

AQUA METRIC SALES COMPANY
Name: Tommy Thirkettle
Title: President
[email protected]
Name: Lea Thirkettle
Title: Vice President
[email protected]
Address: 4050 Flat Rock Drive
Riverside, CA 92505
______________________________
DocuSign Envelope ID: 0A40F5C5-94D3-4ACA-821A-CFF977D2B716 Aug 15, 2022 | 9:28 AM PDT
Aug 12, 2022 | 4:06 PM PDT
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Sales Quote
Proprietary and Confidential Page 1 of 1
Aqua-Metric Sales Company
Steve Kamiyama | Account Manager
4050 Flat Rock Drive | Riverside, CA 92505
Phone: (951) 233-9545 | Facsimile: (951) 637-1500
[email protected]
Quote for: City of Glendora
Attention: Chisom Obegolu
Address:

City, State, ZIP:

Phone:

Email:

Quantity Description Unit Price Line Total
1 SaaS Regional Network Interface (RNI) Water Manager $15,115.00 $15,115.00 1 SaaS Sensus Analytics Enhanced Meter Data Management $15,115.00 $15,115.00 1 Sensus Anlytics Customer Portal $15,450.00 $15,450.00 1 Portal SMS Text Unlimited $250.00 $250.00
2 Extended BaseStation Maintenance $2,500.00 $5,000.00
This quote for the product and services named above is subject to the following terms: Subtotal $50,930.00

1. All quotes are subject to the Aqua-Metric Terms of Sale. Shipping & Handling

2. Quote is valid for thirty days. Sales Tax

3. Freight allowed on single orders exceeding $10,000.00. Total $50,930.00

4. Net Thirty Days to Pay

5. Returned product may be subject to a 25% restocking fee.

6. Sales Tax and/or Freight charges are approximated and may vary on final invoice.

June 16, 2022
Item #14. Page 32
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STAFF REPORT
TO: MAYOR AND COUNCIL MEMBERS DATE: AUGUST 23, 2022
FROM: PUBLIC WORKS DISTRICT(S): CITYWIDE
SUBJECT: APPROVE AMENDMENT NO. 1 TO A CONTRACT SERVICES AGREEMENT WITH

THIRKETTLE CORP DBA AQUA METRIC SALES COMPANY FOR WATER METER SUPPLIES IN THE AMOUNT NOT TO EXCEED $60,000 (STRATEGIC PLAN ITEM 46- IMCIF)

RECOMMENDATION
That the City Council:

1. Approve Amendment No. 1 to a Contract Services Agreement with Thirkettle Corp dba Aqua Metric Sales Company for Water Meter Supplies in the amount not to exceed $60,000; and

2. Authorize the City Manager or his designee to execute Amendment No.1 with Thirkettle Corp dba Aqua Metric Sales Company including minimal and/or non-substantive changes.

EXECUTIVE SUMMARY
The Public Works Water Division has been utilizing Aqua Metric Sales Company for the routine purchasing of water meter parts and supplies needed to operate the City’s water system. The City currently uses Sensus Meters for new construction and replacement programs for their reliability and compatibility with the current Analytics (formerly Flexnet) fixed based reading system. Aqua Metric Sales Company is the sole West Coast authorized dealer for Sensus Meters.

The purpose of this amendment is to provide the Water Division with the continued ability to purchase meters, MXU’s, and other meter parts and supplies that are required for meter maintenance and replacement. Staff is requesting that the contract amount total of $40,000 increase by $20,000 for a total of $60,000.

LEGISLATIVE HISTORY / PREVIOUS ACTIONS
City Council approved the adopted FY 2022/23 budget amount for Meter Parts & Supplies of $64,031, from the Water Customer Service Meter Parts & Supplies budget (5316568.53540).

DISCUSSION
An approval is needed for the routine purchasing of water meter parts and supplies required to operate the City’s water system. Staff is requesting authority for the City Manager to execute the amendment. The proposed amendment is to provide the Water Division with the ability to purchase meters, MXU’s, and other meter parts and supplies that are required for meter maintenance and replacement. The scope includes purchasing the equipment and testing any replaced equipment for the City to ensure that the equipment is in good working condition. The contract does not cover costs associated with any Capital Improvement Projects. It is designed to enable the Water Division to purchase stock supply which is utilized for replacement programs and new construction should that arise.

Currently, the total contract sum is $40,000. Staff is requesting to increase this by $20,000 for a total combined contract sum of $60,000. The contract provides staff with the option to contact the vendor Item #15. Page 1
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Staff Report Page 2 of 2
quickly and receive the most time effective response at the lowest possible cost for the type of meter that the City utilizes.

FISCAL IMPACT
Funding for the increased contract amount of $60,000 is available in the Water Customer Service Meter Parts & Supplies budget (5316568.53540).

ENVIRONMENTAL DETERMINATION
This activity is not a “project” as defined by Section 21065 of the Public Resources Code or Section 15060 or Section 15378 of Title 14, Chapter 3 of the California Code of Regulations under Guidelines for Implementation of the California Environmental Quality Act (CEQA).

Prepared By Ivy Gonzalez, Administrative Assistant
Concurs With Not Applicable
Reviewed By Alison Sweet, Public Works Director
Certified to Availability of Funds Marie Ricci, Administrative Services Director/City Treasurer Approved By Adam Raymond, City Manager
Legal Review William W. Wynder, City Attorney
CEQA Review Not Applicable
ATTACHMENTS:

A. Aqua Metric Sales Co. Agreement
B. Amendment No. 1
C. Fiscal Year 2022/23 Rates
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AMENDMENT NO. 1

TO AGREEMENT FOR CONTRACTUAL SERVICES

THIS AMENDMENT TO THE AGREEMENT FOR CONTRACTUAL SERVICES (“Amendment No. 1”) by and between the CITY OF GLENDORA, a general law city & municipal corporation (“City”), and THIRKETTLE CORP DBA AQUA METRIC SALES CO., a California Corporation (“Contractor”), is effective as of the _____ day of __________ 2022.

RECITALS
A. City and Contractor entered into that certain Agreement for Contractual Services dated September 8, 2020 (“Agreement”) whereby Contractor agreed to provide Water Meter Parts and Supplies.

B. City and Contractor now desire to amend the Agreement to extend from the closing date of June 30, 2022 to a closing date of June 30, 2023 and increase the contract sum from $40,000 to $60,000.

TERMS

1. Contract Changes. The Agreement is amended as provided herein. Deleted text is indicated in strikethrough and added text in bold italics. a. “Unless earlier terminated in accordance with Article 7 of this Agreement, this Agreement shall continue in full force and effect until completion of the services but not exceeding one (1) calendar year from June 30, 2022 the date hereof, except otherwise provided in the Schedule of Performance (Exhibit “D”). The City may, in its sole discretion, extend the Term for up to five (5) additional one-year term(s) provided the Contractor Officer gives written notice of the same not later than sixty (60) calendar days prior to the expiration of the Term or any Extended Term.
b. 2.1 Contract Sum. Subject to any limitations set forth in this Agreement, City agrees to pay Consultant the amounts specified in the “Schedule of Compensation” attached here as Exhibit “C” and incorporated herein by this reference. The total compensation, including reimbursement for actual expenses, shall not exceed $40,000 (Forty Thousand Dollars) $60,000 (Sixty Thousand Dollars) (the “Contract Sum”), unless additional compensation is approved pursuant to Section 1.9.
c. EXHIBIT “C-1” SCHEDULE OF COMPENSATION replace the
original Exhibit C-1 in its entirety with the attached rate schedule.

There shall be no escalation of any rates for the duration of the extended contract period (July 1, 2022 through June 30, 2023).

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2. Continuing Effect of Agreement. Except as amended by this Amendment No. 1, the provisions of the Agreement shall remain unchanged and in full force and effect. From and after the date of this Amendment No. 1, whenever the term “Agreement” appears in the Agreement, it shall mean the Agreement, as amended by this Amendment No. 1 to the Agreement.

3. Affirmation of Agreement; Warranty Re Absence of Defaults. City and Contractor each ratify and reaffirm each and every one of the respective rights and obligations arising under the Agreement. Each party represents and warrants to the other that there have been no written or oral modifications to the Agreement other than as provided herein. Each party represents and warrants to the other that the Agreement is currently an effective, valid, and binding obligation.

Contractor represents and warrants to City that, as of the date of this Amendment No. 1, City is not in default of any material term of the Agreement and that there have been no events that, with the passing of time or the giving of notice, or both, would constitute a material default under the Agreement.

City represents and warrants to Contractor that, as of the date of this Amendment No. 1, Contractor is not in default of any material term of the Agreement and that there have been no events that, with the passing of time or the giving of notice, or both, would constitute a material default under the Agreement.

4. Adequate Consideration. The parties hereto irrevocably stipulate and agree that they have each received adequate and independent consideration for the performance of the obligations they have undertaken pursuant to this Amendment No. 1.

5. Authority. The persons executing this Amendment No. 1 on behalf of the parties hereto warrant that (i) such party is duly organized and existing, (ii) they are duly authorized to execute and deliver this Amendment No. 1 on behalf of said party, (iii) by so executing this Amendment No. 1, such party is formally bound to the provisions of this Amendment , and (iv) the entering into this Amendment No. 1 does not violate any provision of any other agreement to which said party is bound.
[SIGNATURES ON FOLLOWING PAGE]
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IN WITNESS WHEREOF, the parties hereto have executed this Agreement on the date and year first-above written.

CITY:

City of Glendora, a municipal corporation
Adam Raymond
City Manager
APPROVED AS TO FORM: CERTIFY AVAILABILITY OF FUNDS:

ALESHIRE & WYNDER, LLP
William W. Wynder
City Attorney
Marie Ricci
Administrative Services Director/City Treasurer
ATTEST:

Kathleen R. Sessman
City Clerk/Communications Director
CONTRACTOR:

AQUA METRIC SALES CO.

Name: Tommy Thirkettle
Title: President
Email: [email protected]
Name: Lea Thirkettle
Title: Vice President
Email: [email protected]
Address: 4050 Flat Rock Drive
Riverside, CA 92505
DocuSign Envelope ID: C398C78F-E396-4D77-8335-BF5D38D99119 Aug 15, 2022 | 9:29 AM PDT
Aug 12, 2022 | 4:06 PM PDT
Item #15. Page 32
Meeting Date: 8/23/2022 / Packet Page #: 358
City of Glendora
1051 E. Sierra Madre Ave
Glendora CA 91741
Bill Weaver
June 24, 2022
Aqua-Metric Sales Company is pleased to offer you the following prices on Sensus AMR/AMI water meter products.

Size iPerl T2 R2 C2 F2
¾ SL $134.50 ---- ---- ---- -----
1” $227.00 ----- ---- ----- -----
1 ½” ----- ----- $610.00 $ 1,435.00 -----
2” ----- ----- $754.75 $ 1,655.99 -----
3” ----- $ 1,335.00 ---- $ 2,097.00 -----
4” ----- $ 2,595.00 ---- $ 3,643,.17 $7,828.00
6” ----- $ 4,563.38 ---- $ 6,292.75 $10,381.00
8” ----- $7,922.56 ----- $10,165.,00 $15,545.00
MXU 520-M Single Port SmartPoint $ 157.00
MXU 520-M Dual Port SmartPoint $ 186.50
Prices are firm until December 31, 2022. Full Freight allowed on all order of more than $10,000.00. Terms are Net 30 days.

Thank you,
Steve Kamiyama
(951) 233-9545
[email protected]
4050 Flat Rock Drive, Riverside, CA 92505
Phone: (951) 637-1400 Fax: (951) 637-1500
Item #15. Page 33
Meeting Date: 8/23/2022 / Packet Page #: 359

STAFF REPORT
TO: MAYOR AND COUNCIL MEMBERS DATE: AUGUST 23, 2022
FROM: COMMUNITY DEVELOPMENT DISTRICT(S): 1, 2, AND 3
SUBJECT: AUTHORIZE A SUPPLEMENTAL APPROPRIATION FOR DEMONSTRATION PROJECTS

AT WASHINGTON ELEMENTARY MIDBLOCK CROSSING AND GLENDORA VILLAGE CROSSWALK IN THE AMOUNT OF $49,500. (STRATEGIC PLAN ITEM 51 - IMCIF)

RECOMMENDATION
That the City Council:

1. Authorize a supplemental appropriation for demonstration projects at Washington Elementary midblock crossing and Glendora Village Crosswalk in the amount of $49,500; and

2. Approve the necessary budget adjustments associated with the authorized appropriation.

EXECUTIVE SUMMARY
Transportation demonstration projects are temporary aesthetic and safety improvements which are used to engage with the community and understand real world impacts. The City of Glendora utilizes demonstration and quick-build (longer-term demonstration projects) to involve residents and stakeholders in the project development process and to understand on the ground changes to the transportation network. These demonstration projects have allowed for a much greater degree of community participation and has helped in defining benefits, challenges, and issues ahead of a formal design process.

As a result, staff has continued to seek out project demonstration funding to support first/last mile, Urban Trails, and safe routes to school projects. To that end, staff has secured resources to enable two demonstration projects in the City for October 2022. The first will be a one-day demonstration project at Washington Elementary School at the midblock crossing. Materials will be supplied by the Southern California Association of Governments GoHuman Campaign. The second will be a quick-build style project in the Glendora Village to improve pedestrian safety at the midblock crossings and correct moving violations such as failure to yield, improper turn movements, and speeding. Both projects will feature curb extensions and pedestrian refuge islands.

LEGISLATIVE HISTORY / PREVIOUS ACTIONS
Staff has implemented several demonstration and temporary projects over the past three years. The first was the Roll to the Stroll event in November 2019 to test first/last mile improvements along Glendora Avenue as well as parklets in the Glendora Village. In 2020 during the pandemic, the City deployed temporary parklets to support restaurants in the Glendora Village this led to the installation of semipermanent parklet decks. Over the Winter of 2021 and into the Spring of 2022, staff implemented a quickbuild protected bicycle lane and curb extensions along Glendora Avenue. This idea allowed for longerterm monitoring of project impacts and sustained engagement with the community.

DISCUSSION
The two locations for the demonstration projects are routinely cited by residents and stakeholders as unsafe and in need of safety countermeasures. In response to those concerns, staff has sought demonstration project resources to test out various countermeasures before investing in permanent Item #16. Page 1
Meeting Date: 8/23/2022 / Packet Page #: 360
Staff Report Page 2 of 2
improvements. This will also allow staff to properly engage with the community on the benefits, trade-offs, and operations constraints of various countermeasures.

Washington Elementary
Washington Elementary sites along Gladstone Street between Grand Avenue and Glendora Avenue.

There is a midblock crossing in front of the school to allow parents, students, and teachers to cross.

Despite improvements by the City at this crossing, motorists routinely fail to yield to the crossing guard or families crossing and not drive at or below the posted speed limit. Staff intends to use the GoHuman Kit of Parts which provide curb extensions and a pedestrian refuge island. This would be a one-day demonstration set to coincide with Walk to School Day. Staff is also planning on hosting a workshop with parents and Washington Elementary staff to review the project and discuss the improvements.

Glendora Village Crosswalk Improvements
Within the Glendora Village, there are two midblock crosswalks. Current safety countermeasures include crosswalk striping and yield to pedestrian signs. However, failure to yield, improper turn movements, and speeding still occur. As a result, crossings can often feel unsafe and the yield signs are routinely struck by vehicles. Staff applied for and received $35,000 from the San Gabriel Valley Council of Governments’ Slow Streets Program to cover materials and evaluation. Staff is anticipating installation in October 2022 for a minimum of six months. The improvement can be extended if so desired.

FISCAL IMPACT
There is sufficient available balance in Fund 211 Proposition C Local Return to appropriate $49,500 to Account 211.6086.59100. Fund 211 is one of the four Los Angeles County sales taxes devoted to transportation improvements. These funds are reserved for transportation projects and programs such as these demonstration projects.

ENVIRONMENTAL DETERMINATION
Not applicable.

Prepared By Steven Mateer, Transportation Manager
Concurs With Not Applicable
Reviewed By Jeff Kugel, Community Development Director
Certified to Availability of Funds Marie Ricci, Administrative Services Director/City Treasurer Approved By Adam Raymond, City Manager
Legal Review William W. Wynder, City Attorney
CEQA Review Not Applicable
ATTACHMENTS:

A. Demonstration Project Areas
B. Slow Streets Award Letter for Grant Request
C. Staff Presentation
Item #16. Page 2
Meeting Date: 8/23/2022 / Packet Page #: 361
Attachment A – Demonstration Project Areas
Glendora Village Crosswalks
Curb
Extensions
Pedestrian
Refuge
Island
Curb
Extensions
Pedestrian
Refuge
Island
Item #16. Page 3
Meeting Date: 8/23/2022 / Packet Page #: 362
Washington Elementary School
Curb
Extensions
Pedestrian
Refuge
Island
Curb
Extensions
Item #16. Page 4
Meeting Date: 8/23/2022 / Packet Page #: 363
San Gabriel Valley Council of Governments
1000 South Fremont Avenue, Unit #42 ♦ Alhambra, California 91803

OFFICERS
President
Becky Shevlin
1st Vice President
Tim Hepburn
2nd Vice President
Ed Reece
3rd Vice President
April Verlato

MEMBERS
Alhambra
Arcadia
Azusa
Baldwin Park
Bradbury
Claremont
Covina
Diamond Bar
Duarte
El Monte
Glendora
Industry
Irwindale
La Cañada Flintridge
La Puente
La Verne
Monrovia
Montebello
Monterey Park
Pasadena
Pomona
Rosemead
San Dimas
San Gabriel
San Marino
Sierra Madre
South El Monte
South Pasadena
Temple City
Walnut
West Covina
First District, LA County
Unincorporated Communities
Fifth District, LA County
Unincorporated Communities
SGV Water Districts
.

August 8, 2022
Adam Raymond
116 East Foothill Boulevard
Glendora, CA 91741
SUBJECT: SLOW STREETS AWARD LETTER FOR GRANT REQUEST
We are pleased to inform you that the San Gabriel Valley Council of Governments (SGVCOG) reviewed your recent grant request and is awarding an amount of up to $35,000. As discussed, the award amount has been set aside for the City of Glendora as part of a larger implementation contract with our partner ActiveSGV. The intended purpose of the grant is to help facilitate a time-limited slow street demonstration, while the overall goal of the program is to encourage sustainable modes of transportation and provide an opportunity for civic engagement that can foster the development of the city’s multi-modal policies.

ActiveSGV will use the grant toward the purchase of a range of materials to implement the demonstration, including but not limited to: parklets, k-rails, planters, temporary bike-lane demarcations, and other pedestrian safety enhancements. ActiveSGV will confirm all purchases with SGVCOG staff beforehand to ensure eligibility.

Additionally, ActiveSGV will help the City implement a slow street demonstration by providing services related to planning, coordination, education & outreach, and demonstration evaluation. It is incumbent on the City and ActiveSGV to coordinate meetings to ensure the demonstration is completed in a timely manner. All funds must be spent, and the demonstration completed by November 15, 2023; no extensions will be granted.

For additional questions or information, please contact Sam Pedersen:
[email protected].

Congratulations,
Marisa Creter
Executive Director
San Gabriel Valley Council of Governments
Item #16. Page 5
Meeting Date: 8/23/2022 / Packet Page #: 364
Authorize Related Budget Actions for
Transportation Demonstration Projects
Community Development
City Council
August 23, 2022
Steve Mateer, Transportation Manager CityOfGlendora.org Item #16. Page 6
Meeting Date: 8/23/2022 / Packet Page #: 365
2 OVERVIEW
• What are demonstration projects
• Previous demonstration projects
• Washington Elementary School
• Glendora Village Crosswalks
• Funding
• Next Steps
Item #16. Page 7
Meeting Date: 8/23/2022 / Packet Page #: 366
3 WHAT ARE DEMONSTRATION PROJECTS
• Low-cost test run
• Temporary or semi-permanent
• Demo vs. Quick Build
• Community Engagement
Item #16. Page 8
Meeting Date: 8/23/2022 / Packet Page #: 367
4 PREVIOUS DEMONSTRATION PROJECTS
• Roll to the Stroll
• Village Parklets 1.0
• Glendora Avenue First/Last Mile
Item #16. Page 9
Meeting Date: 8/23/2022 / Packet Page #: 368
5 WASHINGTON ELEMENTARY SCHOOL
Curb
Extensions
Pedestrian
Refuge Island
Curb
Extensions
Item #16. Page 10
Meeting Date: 8/23/2022 / Packet Page #: 369
6 GLENDORA VILLAGE CROSSWALKS
Curb
Extensions
Pedestrian
Refuge Island
Curb
Extensions
Pedestrian
Refuge Island
Item #16. Page 11
Meeting Date: 8/23/2022 / Packet Page #: 370
7 FUNDING
• Requesting $49,500 for planning, outreach, engineering, and assembly • Washington Elementary
• Materials rented from SCAG under GoHuman Campaign
• Glendora Village
• $35,000 from SGVCOG for materials and evaluation
Item #16. Page 12
Meeting Date: 8/23/2022 / Packet Page #: 371
8 That the City Council:

1. Authorize a supplemental appropriation in the amount of $49,500 to Fund 211 Account 211.6086.59100 for the purpose of the Washington Elementary Midblock Crossing Improvements and Glendora Village Crosswalk Improvements Demonstration Projects; and

2. Authorize the Administrative Services Finance Division to make the necessary budget adjustments.

Item #16. Page 13
Meeting Date: 8/23/2022 / Packet Page #: 372

STAFF REPORT
TO: MAYOR AND COUNCIL MEMBERS DATE: AUGUST 23, 2022
FROM: ADMINISTRATIVE SERVICES DISTRICT(S): CITYWIDE
SUBJECT: A RESOLUTION APPROVING AN AMENDMENT TO THE AUTHORIZED POSITION

CONTROL LISTING AND THE CLASSIFICATION AND COMPENSATION PLAN FOR THE

CITY OF GLENDORA TO INCLUDE PRINCIPAL CIVIL ENGINEER (LAND

DEVELOPMENT)

RECOMMENDATION
That the City Council:

1. Adopt a City Council Resolution entitled, "A RESOLUTION APPROVING AN AMENDMENT TO

THE AUTHORIZED POSITION CONTROL LISTING AND AMENDING THE CLASSIFICATION

AND COMPENSATION PLAN FOR THE CITY OF GLENDORA TO INCLUDE PRINCIPAL CIVIL ENGINEER (LAND DEVELOPMENT).”

EXECUTIVE SUMMARY
As part of the FY 2023 Midcycle Budget Adoption, a Principal Civil Engineer position was approved to focus on Land Development in the City. This position is intended to enhance and streamline the development process. This position would work report to the Community Development Department.

LEGISLATIVE HISTORY / PREVIOUS ACTIONS
On June 14, 2022, the City Council approved the FY 2023 Midcycle budget which includes the Principal Civil Engineer (Land Development)

DISCUSSION
The Principal Civil Engineer position was created as part of a reorganization of the Public Works Engineering Division. Engineering is a function of the City that covers two areas: 1) capital projects and 2) land development. The Engineering Division of Public Works had an Engineering Assistant vacancy due to a resignation. When any position is vacated, staff re-evaluates the position, operations, and the needs of the City to ensure that it is appropriate to fill the position. After evaluation and analysis, staff determined that in order to enhance and streamline the development process, a full-time equivalent Engineering Assistant was reclassified to a Principal Civil Engineer for Land Development.

The Principal Engineer will be a direct report of the Community Development Director, but final review of documents such as tract maps and lot line adjustments will continue to require the City Engineer’s review and signature. The Principal Engineer will oversee duties associated with land development including review of grading plans, tentative maps, lot line adjustments, and private property related permits. Both Community Development and Public Works will continue to work closely.

FISCAL IMPACT
There is no fiscal impact associated with the approval of the Principal Civil Engineer (Land Development) classification. The position was authorized and funded in the FY 2023 Operating and Maintenance Budget.

Item #17. Page 1
Meeting Date: 8/23/2022 / Packet Page #: 373
Staff Report Page 2 of 2

ENVIRONMENTAL DETERMINATION
Not Applicable.

Prepared By Christi Giannone, Senior Human Resources Analyst Concurs With Not Applicable
Reviewed By Marie Ricci, Administrative Services Director/City Treasurer Certified to Availability of Funds Marie Ricci, Administrative Services Director/City Treasurer Approved By Adam Raymond, City Manager
Legal Review William W. Wynder, City Attorney
CEQA Review Not Applicable
ATTACHMENTS:

A. Resolution Approving Principal Civil Engineer (Land Development) B. Principal Civil Engineer (Land Development) Job Description Item #17. Page 2
Meeting Date: 8/23/2022 / Packet Page #: 374
RESOLUTION CC 2022-____

A RESOLUTION APPROVING AN AMENDMENT TO THE AUTHORIZED

POSITION CONTROL LISTING AND THE CLASSIFICATION AND

COMPENSATION PLAN FOR THE CITY OF GLENDORA TO INCLUDE

PRINCIPAL CIVIL ENGINEER (LAND DEVELOPMENT)

CLASSIFICATION

THE CITY COUNCIL
City of Glendora, California
WHEREAS, Section 2.08.074(4) of the Glendora Municipal Code provides that it is the duty and responsibility of the City Manager to recommend to the City Council such reorganization of offices, positions, departments, or units under their direction as may be indicated in the interest of efficient, effective, and economical conduct of the city’s business.

WHEREAS, Section 2.09.030 of the Glendora Municipal Code provides that a Position Classification Plan, and revisions thereof, shall be prepared by the Personnel Officer covering all positions in the competitive service, which shall become effective upon the approval of the City Council.

WHEREAS, Human Resources Division of Administrative Services has reviewed the justification and made recommendations to the City Manager to establish the classification of Principal Civil Engineer (Land Development). The City Manager has approved the recommendation and is forwarding such recommendation to the City Council for approval.

WHEREAS, these changes have been incorporated into the Proposed Budget for Fiscal Year 2023, and beyond.

WHEREAS, periodically the Compensation Plan and authorized positions lists are amended to reflect changes in the organizational structure.

NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF GLENDORA, CALIFORNIA, DOES HEREBY RESOLVE AS FOLLOWS:

SECTION 1. That the City Council:

A. Approve the following recommended new classification and salary range for inclusion in the Position Compensation Plan and approve the job description included as Exhibit A:

Title Salary Class Propose Salary
Principal Civil Engineer
(Land Development) 4514 $8,527.24 - $10,364.92 Monthly
SECTION 2. The Mayor shall sign and the City clerk shall certify to the passage and Item #17. Page 3
Meeting Date: 8/23/2022 / Packet Page #: 375
Resolution CC 2022-_____ Page 2 of 2
adoption of this Resolution, shall enter the same into the Book of Original Resolutions and that this Resolution shall take effect and be in force on this date.

SECTION 3. The City Clerk is hereby directed to email a copy of this Resolution to the Administrative Services Director.

PASSED, APPROVED and ADOPTED this __ day of ________, 2022.

City Council of Glendora, CA
BY:

KAREN DAVIS
Mayor
APPROVED AS TO FORM:

Aleshire & Wynder, LLP
WILLIAM W. WYNDER
City Attorney

CERTIFICATION
I, Kathleen R. Sessman, City Clerk of the City of Glendora, do hereby certify that the foregoing Resolution was duly adopted by the City Council of the City of Glendora at a regular meeting held on the ___ day of August, 2022, by the following vote:

AYES: COUNCIL MEMBERS:

NOES: COUNCIL MEMBERS:

ABSENT: COUNCIL MEMBERS:

ABSTAIN: COUNCIL MEMBERS:

Dated:

KATHLEEN R. SESSMAN
City Clerk/Communications Director
Item #17. Page 4
Meeting Date: 8/23/2022 / Packet Page #: 376
Date Adopted:

Employee Association : GMA
FLSA: Exempt

CITY OF GLENDORA

PRINCIPAL CIVIL ENGINEER

LAND DEVELOPMENT
Class specifications are intended to present a descriptive list of the range of duties performed by employees in the class. Specifications are not intended to reflect all duties performed within the job.

DEFINITION
Under administrative direction, plans, directs and coordinates engineering activities relating to development applications and related permits, City public works engineering projects, and performs related duties as required.

CLASS CHARACTERISTICS
This is a single class position reporting to the Community Development Director and designated City Engineer and is responsible for overseeing the day-to-day activities of the Land Development Division, including planning, managing and directing the work of professional, sub-professional and technical personnel.

ESSENTIAL JOB FUNCTIONS
These functions may not be present in all positions in this class. When a position is to be filled, the essential functions will be noted in the announcement of position availability. Letters in parenthesis at the end of each function statement represent the abilities required to perform that function.

1. Supervises and participates in a variety of professional and subprofessional engineering work including the preparation of plans and project specifications; directs and/or coordinates project inspections; may draft ordinances according to general instruction.

2. Supervises and participates in the review of plans; evaluates compliance with laws, ordinances and acceptable engineering standards, and recommends corrections or improvements; reviews legal descriptions and deeds for easements and rights-of-way.

3. Works with City departments and division staff to identify and prioritize needs; formulates cost estimates and develops implementation strategies.

4. Reviews and recommends approval of plans and specifications, designs, cost estimates, environmental documents, reports, and studies for all land development related projects.

5. Continually monitors and evaluates the efficiency and effectiveness of service delivery methods and procedures; assesses and monitors workload, support system and internal reporting; identifies opportunities for improvement and reviews with the Community Development Director and City Engineer.

Item #17. Page 5
Meeting Date: 8/23/2022 / Packet Page #: 377
Principal Civil Engineer-Land Development - 2 -

6. Prepares and evaluates requests for proposals; reviews plans of consulting/engineering firms performing work for the City and evaluates their performance.

7. Provides technical assistance to other divisions and departments and City personnel.

8. Manages and participates in the development of the Land Development Division budget; participates on a variety of boards and commissions; attends and participates in professional group meetings; attends and makes presentations to City Council, boards, committees and commissions.

9. Responds to and resolves difficult and sensitive inquiries and complaints; recommends and implements corrective action; responds to public inquiries and complaints.

10. Supervises the compilation and analyzing of statistical data used to prepare technical reports relating to land development projects and programs.

11. Supervises land development staff; participates in the screening and selection of division staff; trains and evaluates employees; initiates and carries out appropriate disciplinary actions.

12. Reviews traffic engineering reports.

13. Supervises and prepares reports required by federal, State and County agencies; supervises, selects, and assists in the preparation of grant applications.

14. Coordinates land development projects with other City departments and divisions and outside agencies.

15. Supervises and participates in the selection of professional consultants to assist with the design and/or construction inspection of selected projects.

16. Reviews plans and designs, and/or inspect all phases of civil engineering land development construction projects; perform inspections or projects in the field as well as examination of plans and specifications in the field or office.

17. Confers with applicants and contractors regarding land development projects.

18. Reviews and processes plans for land development projects to ensure compliance with established contracts, City codes, and other applicable requirements; determine and enforce applicable codes, regulations, and requirements for assigned projects.

19. Reviews and processes plans for subdivisions, lot line adjustments, lot mergers, and certificates of compliance; review and interpret easements.

20. Coordinate and provide oversight for geotechnical review processes.

21. Coordinate the City’s floodplain management efforts; review land development projects and specifications to ensure compliance with the City’s floodplain management standards; review and recommend changes to floodplain management standards as needed.

22. Create and modify maps and engineering drawings using AutoCAD and ArcView GIS systems.

23. Oversee the activity of professional design and engineering consultants.

Item #17. Page 6
Meeting Date: 8/23/2022 / Packet Page #: 378
Principal Civil Engineer-Land Development - 3 -

24. Provide customer service and general assistance to land developers, architects, engineers, third party consultants, property owners, and the general public related to land development projects; answer questions about City construction projects, permit issuance procedures, and land development activities.

25. Perform other duties and responsibilities as assigned.

REQUISITE ABILITIES
The following generally describes the abilities required to enter the job and/or be learned within a short period of time in order to successfully perform the assigned duties. a. Communicate clearly and concisely, both orally and in writing. b. Research, review and prepare complex engineering reports on a variety of subjects. c. Analyze data and information and draw logical conclusions. d. Perform professional engineering work.
e. Use and care for engineering and drafting instruments, equipment and working knowledge of AutoCAD.
f. Perform and review complex engineering calculations. g. Administer contracts and ensure compliance to contract provisions. h. Prepare and stamp engineering plans.
i. Communicate effectively with residents, businesspeople, engineers, architects, attorneys, executive management, enforcement personnel, legislative bodies and a variety of other people with varying background and education status to establish/maintain effective working relationships and promote the goodwill of the City. j. Interpret and apply rules, regulations, legislation and policies. k. Understand and follow verbal and written directions. l. Work independently.
m. Perform survey work and use a variety of surveying instruments. n. Operate a computer and use a variety of computer software. o. Select, supervise and evaluate employees; oversee training program. p. Make decisions regarding operational and personnel functions. q. Communicate effectively with a variety of personnel and establish/maintain effective working relationships.
r.

Item #17. Page 7
Meeting Date: 8/23/2022 / Packet Page #: 379
Principal Civil Engineer-Land Development - 4 -

QUALIFICATIONS GUIDELINES
Education and/or Experience Any combination of education and experience that would likely provide the required knowledge and abilities is qualifying. A typical way to obtain the knowledge and abilities would be:

Experience:

Five (5) years of progressively responsible, diversified experience in difficult and complex public works engineering. Experience working in municipal/public agency is highly desirable.

Education:

A Bachelor’s degree in civil engineering or related field of study.

Special Requirements:
• Possession of a valid Certificate of Registration as a Professional Civil Engineer (P.E.) issued by the California State Board of Registration for Civil and Professional Engineers. • Possession of, or ability to obtain within a probationary period, a Class C California driver’s license and a satisfactory driving record.

Knowledge and Skill:
• Knowledge of Civil engineering principles, techniques, policies, and procedures • Methods, materials, and techniques used in the construction of land development projects. • Basic principles, practices, procedures, and standards related to City planning, engineering infrastructure development and maintenance, and surveying. • Basic principles and practices of engineering program budgeting, cost estimation, funding, project management, and contract administration.
• General design, layout, and construction practices for public improvements such as streets, storm drains, grading, and landscaping.
• Land development and subdivision procedures, plan review, mapping, and construction practices; Principles, practices, and techniques of floodplain management. • Techniques, procedures, and equipment used for geotechnical review processes. • Bidding requirements for civil engineering projects.
• Project management and contract administration principles and techniques • Engineering plan types, review practices, and permit filing and approval procedures; Applicable Federal, State, and local laws, regulatory codes, ordinances, and procedures relevant to assigned area of responsibility
• Modern office practices and technology, including personal computer hardware and software applications related to the work, such as computer-aided drafting (CAD) concepts and applications and Geographic Information Systems (GIS) programs. • Modern developments, current literature, and sources of information regarding engineering; Principles of advanced mathematics and their application to engineering work.
• Practices of researching engineering and design issues, evaluating alternatives, making sound recommendations, and preparing and presenting effective staff reports.

Item #17. Page 8
Meeting Date: 8/23/2022 / Packet Page #: 380
Principal Civil Engineer-Land Development - 5 -
• Methods and techniques of effective technical report preparation and presentation; English usage, grammar, spelling, vocabulary, and punctuation. • Techniques for effectively representing the City in contacts with governmental agencies, community groups, various business, professional, educational, and regulatory organizations, and with property owners, developers, contractors, and the public. • Techniques for providing a high level of customer service by effectively dealing with the public, vendors, contractors, and City staff.

PHYSICAL DEMANDS AND WORKING ENVIRONMENT
The conditions herein are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential job functions.

ENVIRONMENTAL CONDITIONS
Work is performed primarily in a standard office setting, subject to noise from office equipment operation; frequent interruptions and contact in person and on the telephone with the public, coworkers and others. Duties are typically performed at a desk or computer terminal, with some travel to different sites, and exposure to noise, dust, vehicle traffic, inclement weather conditions and construction environment and equipment. At least minimal environmental controls are in place to assure health and comfort.

PHYSICAL DEMANDS
Primary functions require sufficient physical ability and mobility to work in an office setting; to stand or sit for prolonged periods of time; to occasionally stoop, bend, kneel, crouch, reach and twist; to lift, carry, push and/or pull light to moderate amounts of weight; to operate office equipment requiring repetitive hand movement and fine coordination including use of a computer keyboard; and to verbally communicate to exchange information.

Vision: See in the normal visual range with or without correction.

Hearing: Hear in the normal audio range with or without correction.

Item #17. Page 9
Meeting Date: 8/23/2022 / Packet Page #: 381

STAFF REPORT
TO: MAYOR AND COUNCIL MEMBERS DATE: AUGUST 23, 2022
FROM: PUBLIC WORKS DISTRICT(S): 2 AND 3
SUBJECT: APPOINT AD-HOC ANTIQUE STREETLIGHT CITIZEN’S ADVISORY PANEL MEMBERS (STRATEGIC PLAN ITEM 52 - IMCIF)

RECOMMENDATION
That the City Council:

1. Review the received Ad-hoc Antique Streetlight Citizen's Advisory Panel Applications;

2. Appoint members for the Ad-hoc Antique Streetlight Citizen's Advisory Panel; and

3. Appoint a Chair and Vice Chair from those members.

EXECUTIVE SUMMARY
As part of the Capital Improvement Plan Antique Streetlight project, City Council approved creating an Adhoc Antique Streetlight Citizen's Advisory Panel (Panel) to engage residents in a dialogue around renovating the antique streetlights, and potentially creating an antique streetlight maintenance assessment district (“the district”). Of the eleven (11) total Panel members, one (1) will be appointed from the Glendora Historical Society, up to five (5) by individual City Council members, and the remaining five (5) selected by City Council vote.

Staff recommends that City Council review the received applications, appoint the Panel members, and appoint a Chair and Vice Chair from those members.

LEGISLATIVE HISTORY / PREVIOUS ACTIONS
At their May 10, 2022 meeting, City Council directed staff to develop a process to engage citizens in a dialogue around renovating the antique streetlights, and potentially creating the district.

On June 14, 2022, City Council approved creating the Panel of 11 total members of property owners within the potential district, with a distribution of appointments as follows:
 One (1) appointment from the Glendora Historical Society,  Up to five (5) appointments by individual Councilmembers (pending any conflicts), and  Five (5) appointments selected by City Council vote.

DISCUSSION
The Panel will meet biweekly, with a tentative first meeting on August 29, 2022, pending City Council appointment and members’ schedule availability. The Panel’s recommendations are scheduled to be presented to City Council no later than its regularly scheduled meeting on December 13, 2022. The purpose of the Panel is to discuss and provide feedback on the antique streetlights renovation project, review available relevant information, develop findings, and make recommendations to City Council on the:
 Level of interest in restoring the system among property owners located in the potential assessment district;
 Community outreach needed to inform property owners of the project if a measure is placed on the ballot; and
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Staff Report Page 2 of 2
 What to do with the existing antique streetlights system if a ballot measure is unsuccessful.

Letters (Attachment A) were mailed to potential applicants with a deadline for applications to be received by 5 p.m. on August 15, 2022. In total, 310 parcels were identified for the potential district, with 270 unique owners/mailing addresses.

A total of 8 applications (Attachment B) were received. Staff recommends that City Council review these applications, appoint the Panel members, and appoint a Chair and Vice Chair from those members.

FISCAL IMPACT
No direct fiscal impacts are anticipated as part of the creation of the Panel.

ENVIRONMENTAL DETERMINATION
This activity is not a project as defined by Section 21065 of the Public Resources Code or Section 15378 of Title 24, Chapter 3 of the California Code of Regulations.

Prepared By Michael Sledd, Assistant Public Works Director Concurs With Not Applicable
Reviewed By Alison Sweet, Public Works Director
Certified to Availability of Funds Marie Ricci, Administrative Services Director/City Treasurer Approved By Adam Raymond, City Manager
Legal Review William W. Wynder, City Attorney
CEQA Review Not Applicable
ATTACHMENTS:

A. Project Information Letter w/ Map
B. Received Applications
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CITY OF GLENDORA (626) 914-8200
116 E. Foothill Boulevard, Glendora, California 91741
www.cityofglendora.org

PRIDE OF THE FOOTHILLS
August 1, 2022
SUBJECT: GLENDORA ANTIQUE STREETLIGHT RETROFIT PROJECT
Dear Property Owner,
The City of Glendora’s antique streetlight system was originally installed over 100 years ago and is located near/around the Glendora Village. As the system deteriorated over time, it became increasingly difficult to maintain, and was eventually shut down by the City in 2004 due to unsafe conditions. Since that time, various discussions and actions have been made to evaluate the feasibility of retrofitting and upgrading the system to make it operational again. To this end, the City requested funding from the State of California to cover the cost of retrofitting the antique streetlight system, and was awarded $1.5 million for this project. While this allocation would cover a significant portion of the capital costs related to this project, total costs for design and construction are now estimated to be approximately $2.7 million.

To ensure the safe ongoing operation of the antique streetlight system, the City is exploring the feasibility of creating an assessment district for the antique streetlight system. This would require the passage of a ballot measure based on the affirmative vote of the owners of properties located within the boundaries of a potential district (see attached map). To help assess the viability of such an effort, the City Council approved the creation of an Ad-Hoc Antique Streetlight Citizen’s Advisory Panel (Panel).

The purpose of the Panel would be to discuss and provide feedback on the antique streetlights system project, review the available relevant information, develop findings, and make recommendations to City Council on the:
• Level of interest in restoring the system among property owners located in the potential assessment district; • Community outreach needed to inform property owners of the project if a measure is placed on the ballot; and, • What to do with the existing antique streetlights system if a ballot measure is unsuccessful.

The panel will consist of 11 members – the City Council will select 10 members and one member will be from the Glendora Historical Society. The panel will meet biweekly, on a schedule to be determined, and provide findings and recommendations to be presented to the City Council no later than at its regularly scheduled meeting on December 13, 2022. To be eligible, interested applicants must be:
• At least 18 years old, and be a registered voter at the time the application is submitted and during their entire term of service;
• A property owner within the potential assessment district; and, • Not an office holder or employee of the City of Glendora.

You are receiving this letter because you were identified as a property owner within the potential district based on the most recent Los Angeles County Office of the Assessor tax roll ownership information. If you are interested in applying to be a member of the Panel, or have further questions about the process, please contact the Public Works Department via email at [email protected], or by phone at (626) 914-8246. Applications are due by 5 p.m. on August 15, 2022, and will be reviewed by the City Council at its meeting on August 23, 2022.

To keep informed of its progress or for additional information on the Glendora Antique Streetlight Retrofit Project, please visit the following project page: https://www.cityofglendora.org/departments-services/public-works.

Respectfully,
Alison Sweet
Public Works Director
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Sierra Madre Ave
Wabash Ave
Ada Ave
Potential Antique Streetlight District
LegendPotential
District
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B. RECEIVED APPLICATIONS
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STAFF REPORT
TO: MAYOR AND COUNCIL MEMBERS DATE: AUGUST 23, 2022
FROM: COMMUNITY DEVELOPMENT DISTRICT(S): 3
SUBJECT: DISCUSSION ON THE GLENDORA BUSINESS IMPROVEMENT DISTRICT AND

POSSIBLE EXPANSION

RECOMMENDATION
That the City Council:

1. Provide staff with direction with regard to potential expansion of the Glendora Business Improvement District.

EXECUTIVE SUMMARY
The Glendora Village Business Improvement District (BID) was formed in 2009 pursuant to the Parking and Business Improvement Area Law of 1989 (California Streets and Highway Code Section 36500 et seq.). Since the BID was formed in 2009, there have been no changes to the district boundaries. At the May 24, 2022, City Council meeting a motion was made by Mayor Pro Tem Boyer and seconded by Mayor Davis for staff to return to the City Council with a presentation on expansion of the Glendora BID boundaries.

LEGISLATIVE HISTORY / PREVIOUS ACTIONS
The BID was established in 2009 as provided by the Parking and Business Improvement Area Law of 1989 (California Streets and Highway Code Section 36500 et seq.). The BID was established based on requests from the Glendora Village Business Association (VBA). The VBA was an association of businesses operating within the Village area that chose to participate and voluntarily contribute time and money to activities that benefit the Village.

In October of 2013, City Council received a petition with approximately 250 business owner signatures to repeal the BID. Concerns that led to the petition included some businesses felt they received no benefit from the BID, others disagreed with the BID activities, and some expressed concern over a lack of accessible information to judge the merits of the BID. As a result of the 2013 petition, a subcommittee was formed to work with City staff and study the issue of whether the boundaries and/or the assessments should be modified. The study found that all businesses receive some benefit. The subcommittee found that many business owners believed that the assessments were too high relative to the benefits, and businesses outside of certain retail and restaurants on Glendora Avenue between Foothill Boulevard and Bennett Avenue did not benefit from the BID.

On March 25, 2014, City Council approved the BID’s 2014-2015 Annual Report. As a result of the petition and follow up study, the assessment methodology was modified to reduce assessments to $0 for independent contractors and businesses within the BID that were located south of Foothill Blvd, on Vista Bonita and Vermont Avenue. In addition, the City Council approved other reductions based on location.

For example, businesses on upper floors had their assessments reduced. In total, the assessment Item #19. Page 1
Meeting Date: 8/23/2022 / Packet Page #: 407
Staff Report Page 2 of 5
reduction to the more than 100 businesses resulted in assessment revenue reduction from approximately $50,000 to $80,000 annually.

DISCUSSION
The Foothill Gold Line Extension is under construction with completion expected in 2025. The Glendora stop is located between the intersections of Vermont/Glendora and Ada Avenues. Gold Line Stations to the West, which were completed in an earlier phase and currently operational, have found that with the Gold Line came new economic investment and redevelopment. Since the early 2000s, the City has anticipated substantial redevelopment of the area south of the BID. Consequently, it is reasonable to consider expansion of the BID to connect the area around the Gold Line to the Glendora Village and consider expansion west to Grand Ave and future People Movement projects will extend the Villages look and feel to the West.

Expansion of the BID would provide a larger operating budget through the revenues collected from the businesses in the expansion area. The assessments for businesses within the current BID boundaries should also be reexamined for increases. While some businesses saw their assessment decrease in FY2015, no business within the BID has seen an increase since its formation in 2009. Assessment increases need to be justified by greater benefits to the businesses, and ideally would provide the ability to hire dedicated staff, such as a director or administrator to manage the BID.

In California, the formation of a Business Improvement District is authorized pursuant to the Parking and Business Improvement Area Law of 1989 (California Streets and Highway Code Section 36500 et seq.) This law allows businesses or property owners in a defined area to levy an annual assessment to pay for a variety of improvements and activities that provide a general benefit to those paying the assessment.

There are two types of BIDs. The first is "property-based" where property owners are assessed as part of their annual property tax bill. The second type is a "business licensed-based" BID, which is funded by an assessment that businesses pay as part of an annual business license tax. One key difference between the two types of BIDs is the statutorily required procedures for formation. Because property-based BIDs are an assessment to real property, Proposition 218 requires that the assessment be approved by a 2/3 majority of property owners, pursuant to a vote. Business-based BIDs are not subject to approval by a vote, instead they may be adopted in the absence of a "majority protest." Although State Law does not require a vote of affected businesses, individual business owners can file a protest over the formation of a BID. If businesses comprising more than 50% of the total assessment file a protest, a BID cannot be established. The Glendora BID is a business license-based BID. It is renewed annually with submission of an Annual Report to the City Council and two Public Hearings (PH) with the second PH providing for a protest vote to prevent collection of the assessments that fiscal year.

As mentioned, funds generated from both types of BIDs may be used for a variety of capital improvements and activities that provide a general benefit to those paying the assessment. Examples of capital improvements include street lighting, decorative paving, benches, and other public facilities. A BID may also undertake and pay for promotional activities such as special events and general marketing to facilitate business, attract investment and improve property values. The assessment amount charged to each property or business owner varies, as there is no set formula for determining the individual amount applied other than the overall goal to raise sufficient funds to meet a desired annual budget for the BID.

The annual assessment fee amount generally depends on how much the property or business owners are willing to assess themselves, and how much they value the benefits from the programs provided by the BID.

The current assessment for businesses in the Glendora BID ranges from $100 to $600 per year. The operating budget for the current FY 23 is $99,600.

Item #19. Page 2
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Staff Report Page 3 of 5
This amount is comprised from the following revenue projections:
 Assessments $53,400
 Event Revenue $45,000
 Interest / Miscellaneous Income $1,200
The current budget provides for the following activity and benefits to the BID:
 Beautification:
o Seasonal Street Banners.
o Landscape improvements.
 Marketing of the Glendora Village with a website and social media via a marketing consultant.  Annual events hosted in the Village, including Halloween Walk, Holiday Stroll and Wine Walk.  Outdoor music.

Expansion South to Ada:

Based on a list of current licensed businesses provided by HdL, expansion of the BID south to Ada Ave. would add 34 businesses to the BID. Most of these businesses are categorized as medical or office, two are non-profit. Under the current assessment methodology, retail and restaurant businesses on the ground floor facing Glendora Ave. have an annual assessment of $600, office businesses on the ground floor facing Glendora Ave are assessed $500 per year. Office type businesses on upper floors are $200, while non-profits are exempt from paying assessments. The additional revenue from assessments received from the expanded area south may follow the current assessment methodology or may be adjusted based on the benefits proposed. A rough estimate of the potential revenue from the additional business assessments is in the range of $6,400 to $15,300 (Attachment A) based on a minimum $200 assessment for all in the expanded area to an assessment based on the current assessment methodology.

Expansion West to Grand:

Based on a list of current licensed businesses provided by HdL, expansion of the BID west along Foothill Boulevard to Grand Ave. would add an additional 82 businesses to the BID. Businesses to the west vary in category and include office, service, restaurant, and retail use. The additional revenue from assessments from the expanded area west may follow the current assessment methodology or may be adjusted. A rough estimate of the potential revenue from the additional business assessments is in the range of $15,700 to $38,800 (Attachment B) based on a minimum $200 assessment ($100 for secondary businesses at the same address) to an assessment based on the current assessment methodology.

In addition to the revenue from the expanded areas, it may prove beneficial to review those businesses that had their assessments reduced in the 2015 fiscal year and consider an upward adjustment of those assessments. Considering a scenario where the BID expands, new staffing and projects would require additional revenue.

A key consideration in the expansion of the BID, is determining the benefits that will be provided to businesses in the expansion area and the additional cost, if any for those additional benefits. The assessment determined for these businesses should be in line with the cost and value of the benefits.

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Staff Report Page 4 of 5
Staff conducted a sample of other BID’s with regard to size, type of BID, budget and planned activity.

The information is summarized as follows:

BID Size
(Blocks)
BID
Type Assessment Annual Budget Programs & Services City Support Glendora 2 Business $0 - $600 $99,600 Beautification,
Marketing and Events
Administrative
Support.

Old Town
Monrovia 6 Business
$100 - $1,000
based on gross
receipts
$100,000 Beautification,
Marketing and Events
Similar to
Glendora.

Whittier
Uptown
Association
22 Business
Based on
location/
business & size
$250,000 Beautification,
Marketing and Events
Minimal.

Association has
Operations
Manager and
assistant.

Montrose 8 Business
$34 - $4,588
based on gross
receipts
$305,000
Beautification,
Marketing, Promotion
and Events.

Administration – One
Employee
Minimal.

Collects
assessments
with license tax
& helps promote
events.

One paid
administrator.

Downtown
Pomona
Owners
Assoc.
(DPOA)
42 Property ~$11,000 Avg. $1.2M
Security, Maintenance,
Marketing
Administration: Six
Employees
Minimal.

The DPOA has
a Director,
Operations
Manager & 4
maintenance
staff.

Downtown
Santa
Monica
(DTSM)
42 Property
and
Business
Varies based
on zone.

Property and
business.
$9M
Marketing, Promotions,
Beautification, Security
Administration
Minimal
DTSM has a
staff of 12 to
oversee the
management &
administration.

Based on the BID’s reviewed, a larger BID correlates with a larger budget. The programming and activity among the different BID’s are similar, in that most include a beautification, marketing and promotion/events component. The larger BID’s were also found to be more independent from their city government, hiring dedicated staff to handle administration and program operations.

Also of note, there are differences amongst BID’s as to how they operate and run meetings. Per Glendora Municipal Code 2.18, City Boards and Commissions, the Glendora BID is an advisory board to the City Council. Its five board members are appointed by the City Council. Their meetings are public meetings subject to the Ralph M. Brown Act and subject to the rules and regulations set by GMC 2.18.130 and Resolution CC 2021-02 adopted February 9, 2021 which established updated rules for the conduct of public meetings. By contrast, other BID’s, Whittier Uptown for example, internally select their Board Members according to their bylaws and conduct their meetings separate from City public meetings, further substantiating the statement that some BID’s are mostly independent for city government.

In determining whether to expand the Glendora BID, gauging the interest from both the current BID members as well as those businesses in the prospective expanded area is important. A survey could help assist in gauging the interest, and also in gathering information such as what type of activities prospective members would sufficiently value to warrant joining the BID and paying an annual assessment.

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Staff Report Page 5 of 5
The current BID assessment methodology should also be reviewed, for both the existing boundaries of the BID as well as the proposed expanded area. In order for the BID to be self-sufficient with its own dedicated staff to oversee the planned activities, the budget will require a substantial revenue increase. If the current methodology carried over to the new expanded areas, this would add approximately $54,000 to the budget. Until additional research is done on the activity that will carry over to benefit the new expanded areas, it is not clear that the assessments for those areas should be the same as the existing BID. For example, the assessment methodology from some of the other BID’s had different zones with different assessments based on the benefit received. Assessment increases in Glendora may require a benefit analysis to determine whether assessments are proportional to the benefit received by the business or property owner. Lastly, the current Glendora BID assessments are comparatively low and may need to be increased to hire dedicated staff or significantly expand activities.

FISCAL IMPACT
This report is for discussion only; currently there is no fiscal impact.

ENVIRONMENTAL DETERMINATION
Not Applicable.

Prepared By Valerie Velasquez, Economic Development and Housing Manager Concurs With Not Applicable
Reviewed By Jeff Kugel, Community Development Director
Certified to Availability of Funds Marie Ricci, Administrative Services Director/City Treasurer Approved By Adam Raymond, City Manager
Legal Review William W. Wynder, City Attorney
CEQA Review Not Applicable
ATTACHMENTS:

A. Business List South to Ada
B. Business List West to Grand
C. PowerPoint
Item #19. Page 5
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Attachment A. Business List South to Ada
Business Name (DBA) Business Address Business Type Minimum Current Methodology
1 GLENDORA PUBLIC LIBRARY 140 S GLENDORA AVE Exempt / Non-Profit $0 $0 2 TALLEY,PETE 203 S GLENDORA A Insurance Services $200 $500 3 LUDWICK FAMILY FOUNDATION 203 S GLENDORA B Exempt / Non-Profit $0 $0 4 GLENDORA EMPLOYMENT AGENCY INC 203 S GLENDORA C Other $200 $500 5 DAVIS CPA, ROBERT E. 211 S GLENDORA A Accounting & Bookkeeping $200 $500 6 DEAL CPA, STANLEY B. 211 S GLENDORA A Accounting & Bookkeeping $200 $500 7 EVEREST GROUP, THE 211 S GLENDORA C Accounting & Bookkeeping $200 $500 8 WOODGLEN DENTAL CENTER 220 S GLENDORA AVE # B Dental Offices $200 $500 9 OSTRUS & ASSOCIATION, D. 220 S GLENDORA C Accounting & Bookkeeping $200 $500 10 DAFTKRAFT 220 S GLENDORA AVE STE G Advertising - Agencies $200 $500 11 SUNRISE BAIL BONDS 220 S GLENDORA # J Professional & Semi-Professional $200 $500 12 GLENDORA THERAPY 223 S GLENDORA AVE STE 100 Professional & Semi-Professional $200 $500 13 HUNDSHAMER, JAMES F 223 S GLENDORA 101 Accounting & Bookkeeping $200 $500 14 AMERICAN HOME SOURCE INC 223 S GLENDORA 104 Contractor - General (Based In City) $200 $500 15 INFINITY GOVERNMENT PROCUREMENT CONSULTING LLC 223 S GLENDORA AVE STE 104 Business Consultants $200 $500 16 EDGAR S.KASSAR 223 S GLENDORA AVE STE 105 Accounting & Bookkeeping $200 $500 17 I S U DERBY INSURANCE ASSOC IN 223 S GLENDORA 201 Insurance Services $200 $200 18 THE CAR CARRIER, LLC 223 S GLENDORA AVE STE 203 Delivery Vehicles $200 $200 19 DM AND SJ, LLC 223 S GLENDORA Commercial Property Rental $200 $300 20 AIM RESOURCES 224 S GLENDORA A Accounting & Bookkeeping $200 $500 21 SCOTT MADDAN 224 S GLENDORA A Accounting & Bookkeeping $200 $500 22 MINDOLOGY 224 S GLENDORA AVE B1 Professional & Semi-Professional $200 $500 23 DENCO LIEN SALES INC. 224 S GLENDORA C Other $200 $500 24 CASABELLA, GISELA B. 224 S GLENDORA E1 Medical Offices $200 $500 25 GROWTH INVESTMENTS INC. 224 S GLENDORA G Accounting & Bookkeeping $200 $500 26 MINARD PROFESSIONAL BUILDING 224 S GLENDORA G Commercial Property Rental $200 $300 27 BEAUHIL 231 S GLENDORA AVE Retail Sales $200 $600
28 FOREVER CHIC HAIR SALON 233 S GLENDORA AVE Beauty Parlors & Shops $200 $600 29 WESTERN ENVIRONMENTAL SERVICES 233 S GLENDORA AVE Other $200 $500 30 WAGGING TAILS PET GROOMING 235 S GLENDORA Other $200 $600 31 DR AIMEE TARAPAREWALLA GYARA 241 S GLENDORA Dental Offices $200 $500 32 DR. ANAHITA TARAPOREWALLA DASTUR 241 S GLENDORA AVE Dental Offices $200 $500 33 ARISU ACUPUNCTURE CLINIC 242 S GLENDORA AVE Medical Offices $200 $500 34 FRONTIER CALIFORNIA INC 252 S GLENDORA AVE Public Utilities $200 $500 Range of Additional Assessments: $6,400 $15,300
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Attachment B. Business List West to Grand
Business Name (DBA) Business Address Business Type Minimum Current Methodology
1 GLENDORA REWARDS 200 W FOOTHILL BLVD Service - General $100 $100 2 WOOD AUTOMOTIVE, BRIAN 200 W FOOTHILL Automotive Repair $200 $600 3 STATE FARM INSURANCE 201 W FOOTHILL Insurance Services $200 $500 4 LIFELINK HEALTH PROVIDERS INC 211 W FOOTHILL BLVD A Service - General $200 $500 5 LIFELINK HOSPICE & PALLIATIVE CARE 211 W FOOTHILL BLVD B Other $100 $100 6 ZEAH EXECUTIVE SUITES 216 W FOOTHILL BLVD Commercial Property Rental $200 $300 7 WAFFA'S MEDITERRANEAN KITCHEN 221 W FOOTHILL BLVD Restaurants $200 $600 8 COMMUNITY CARE HOSPICE 222 W FOOTHILL Accounting & Bookkeeping $200 $500 9 GLENDORA LIQUOR 223 W FOOTHILL BLVD Retail Sales $200 $600 10 GLENDORA PLAZA 223 W FOOTHILL Commercial Property Rental $200 $300 11 VOSBERG WEALTH MANAGEMENT 224 W FOOTHILL BLVD Accounting & Bookkeeping $200 $500 12 BLACK ROSE BARBERSHOP LLC 227 W FOOTHILL BLVD Barbershops $200 $600 13 TRIPLE BEAM PIZZA 229 W FOOTHILL BLVD Restaurants $200 $600 14 FORTUNE ESCROW INCORPORATED 302 W FOOTHILL Accounting & Bookkeeping $200 $500 15 MILLER, VALLES, GARDNER, CPA'S, INC. 303 W FOOTHILL BLVD 1 Accounting & Bookkeeping $200 $500 16 SCULPT YOUR ASH 303 W FOOTHILL BLVD # 4 Beauty Parlors & Shops $200 $600 17 IMPRESSIONS SALON 303 W FOOTHILL BLVD 4 Beauty Parlors & Shops $100 $100 18 THURSTON, JANELL 303 W FOOTHILL 4 Cosmetologist $100 $100 19 COURTS CONSTRUCTION COMPANY 303 W FOOTHILL 5 Contractor - General (Based In City) $200 $500 20 MAINSTREET REALTORS 303 W FOOTHILL BLVD STE 10 Real Estate Brokers $200 $500 21 TOTAL SOLUTION 303 W FOOTHILL 11 Service - General $200 $600 22 FOLLICLE FILL 303 W FOOTHILL BLVD # 12 Tattoo Parlor $200 $200 23 I.CP BODY CARE 303 W FOOTHILL BLVD UNIT 12 Beauty Parlors & Shops $100 $100 24 EDEN REFORESTATION PROJECTS 303 W FOOTHILL BLVD UNIT 13 Exempt / Non-Profit $200 $200 25 BODY MIND & SOUL 303 W FOOTHILL BLVD Beauty Parlors & Shops $200 $600 26 PLAZA PRODUCE 303 W FOOTHILL Retail Sales $200 $600
27 M L M BUILDING & DEVELOPMENT INC 306 W FOOTHILL Contractor - General (Based In City) $200 $500 28 MOJGAN MAHER DDS, PC 308 W FOOTHILL Dental Offices $200 $500 29 CHIROPRACTIC HEALTH CARE CENTR 310 W FOOTHILL Chiropractors $200 $600 30 BAUER GERMAN CAR REPAIR 322 W FOOTHILL Automotive Repair $200 $600 31 DAVID GRIGOLLA ESQ 333 W FOOTHILL BLVD Firearms Sales $200 $600 32 ERDMAN INVESTMENT GROUP INC. 333 W FOOTHILL Residential Rental & Apartment Houses $200 $300 33 HAVENS CLOYD E 333 W FOOTHILL Attorneys $200 $500
34 BJORKLUND, SANDRA L. 334 W FOOTHILL BLVD Cosmetologist $200 $600 35 3 ROSES INC 336 W FOOTHILL BLVD Barbershops $200 $600 36 STAMP OUT 337 W FOOTHILL Retail Sales $200 $600
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Attachment B. Business List West to Grand
Business Name (DBA) Business Address Business Type Minimum Current Methodology
37 ADVANCED HEARING AID CENTER 342 W FOOTHILL Professional & Semi-Professional $200 $500 38 SAN GABRIEL VALLEY PUBLIC SAFETY 345 W FOOTHILL BLVD # 1 Service - General $200 $500 39 TITAN CUSTOM SERVICES 345 W FOOTHILL BLVD STE 8 Service - General $100 $100 40 SHARMA AUTO REMARKETING 345 W FOOTHILL BLVD # 11 Automobile Dealers - New / Used $200 $200 41 ACOSTA ACCOUNTING SERVICES 345 W FOOTHILL BLVD 2ND FL 8 Accounting & Bookkeeping $200 $200 42 GEORGE'S GRAPHICS ARTS 345 W FOOTHILL BLVD STE B Printers $200 $600 43 LAVISH NAILS 345 W FOOTHILL BLVD # C Beauty Parlors & Shops $200 $600 44 PINEDA, ROSIE 345 W FOOTHILL D Medical Offices $200 $500 45 FOOTHILL OPTICAL SERVICE 345 W FOOTHILL E Optometrists $200 $500 46 ALVIN LO OPTOMETRY, INC. 345 W FOOTHILL BLVD STE G Optometrists $200 $500 47 FOOTHILL BARBER SHOP 345 W FOOTHILL BLVD Barbershops $200 $600 48 P K COMMERCIAL CENTER 345 W FOOTHILL Commercial Property Rental $200 $300 49 SIT MEANS SIT 348 W FOOTHILL BLVD Service - General $200 $600 50 ALL CITIES GLASS & SCREEN 350 W FOOTHILL Retail Sales $200 $600 51 GLENDORA PLUMBING AND HEATING 352 W FOOTHILL Contractor - General (Based In City) $200 $200 52 CITRUS VALLEY CARDIOLOGY 353 W FOOTHILL Medical Offices $200 $500 53 CHARMERS NAILS SALON LLC 355 W FOOTHILL BLVD STE A Cosmetologist $200 $600 54 FARMERS INSURANCE 355 W FOOTHILL BLVD B Insurance Services $200 $500 55 GLENDORA THAI MASSAGE 355 W FOOTHILL BLVD UNIT C Massage Parlors ** $200 $600 56 THAI DERM 357 W FOOTHILL Restaurants $200 $600
57 BEST VARIETY SPORTS CARDS 358 W FOOTHILL BLVD Retail Sales $200 $600 58 RED DRAGON KARATE, INC. 364 W FOOTHILL BLVD Service - General $200 $600 59 STUMP FENCE CO. 400 W FOOTHILL 118 Contractor - Sub (Based In City) $200 $500 60 SIGN CONT INC/ R&R CUSTOM SIGN 400 W FOOTHILL 130 Contractor - Sub (Based In City) $200 $500 61 ROUND TABLE PIZZA 407 W FOOTHILL Restaurants $200 $600 62 ALTA DENA DAIRY 408 W FOOTHILL BLVD Convenience Store $200 $600 63 FOOTHILL PLAZA 415 W FOOTHILL Commercial Property Rental $200 $300 64 WARMINGTON PROPERTIES INC 415 W FOOTHILL Other $200 $300 65 WEST COAST CONSTRUCTION ALLIANCE 417 W FOOTHILL BLVD B-24 Contractor - General (Based In City) $200 $500 66 FOSTERS FREEZE 418 W FOOTHILL BLVD Restaurants $200 $600 67 HEAR USA 425 W FOOTHILL BLVD STE A Retail Sales $200 $500 68 JOJO'S SWEET SHACK 425 W FOOTHILL BLVD STE B Restaurants $200 $600 69 ANGEL GLOBAL 430 W FOOTHILL BLVD # A Rental Leasing Companies $200 $300 70 PHILOPATER REAL ESTATE 430 W FOOTHILL BLVD # B Commercial Property Rental $200 $300 71 GLENDORA HEALTHY SMILES 432 W FOOTHILL BLVD Dental Offices $200 $600 72 YUMMI SUSHI 435 W FOOTHILL BLVD Restaurants $200 $600 Item #19. Page 8
Meeting Date: 8/23/2022 / Packet Page #: 414
Attachment B. Business List West to Grand
Business Name (DBA) Business Address Business Type Minimum Current Methodology
73 VONS GROCERY COMPANY 2169 435 W FOOTHILL Grocery Store $200 $600 74 EMANATE HEALTH MSO 440 W FOOTHILL BLVD Medical Offices $200 $500 75 DEL TACO #308 445 W FOOTHILL Restaurants $200 $600
76 THE UPS STORE 449 W FOOTHILL BLVD Service - General $200 $600 77 OPTIKA OPTOMETRICS 451 W FOOTHILL BLVD Optometrists $200 $500 78 FRESH CLEANERS 453 W FOOTHILL BLVD Laundry Services $200 $600 79 DAO DENTAL SMILES CORPORATION 455 W FOOTHILL BLVD Dental Offices $200 $500 80 MARIA'S MEXICAN RESTAURANT 457 W FOOTHILL BLVD Restaurants $200 $600 81 STARBUCKS COFFEE #5424 459 W FOOTHILL Cafes $100 $100 82 ARCO AM PM 465 W FOOTHILL Service Stations $200 $600 Range of Additional Assessments: $15,700 $38,800
Item #19. Page 9
Meeting Date: 8/23/2022 / Packet Page #: 415
Expansion of the Glendora Village
Business Improvement District
Community Development
City Council
August 23, 2022
Valerie Velasquez, Economic Development and Housing Manager CityOfGlendora.org Item #19. Page 10
Meeting Date: 8/23/2022 / Packet Page #: 416
2 Glendora Village BID Background
• Formed in 2009
• Parking and Business Improvement Area Law of 1989
(California Streets and Highways Code Section 36500 et. seq.) • Glendora Village Business Association
• 2013 Petition to repeal
• No benefit / BID Activity / Merits of the BID
• Subcommittee formed
• Effective FY 15, some assessments reduced
• Annual assessments from $80,000 to $50,000
Item #19. Page 11
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Foothill Gold Line Extension
• Foothill Gold Line Extension
complete in 2025
• Stations to the West experienced
economic investment and
redevelopment.
• Expansion of the BID connecting
Gold Line to the Village.
3 Item #19. Page 12
Meeting Date: 8/23/2022 / Packet Page #: 418
Type of Business Improvement District
• Property Based
– Property owners are assessed through their annual property tax bill – Proposition 218 – requires a vote by 2/3 majority property owners • Business Based
– Businesses are assessed through their business license tax – Adopted under the absence of a 50% protest vote
• Glendora is a Business Based BID, renewed annually.
4 Item #19. Page 13
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5 Glendora Village Boundaries
• Presently approximately 210 Members
o 124 Paying Members
• Revenue from Assessments: $53,400
o Range from $100 to $600
§ Primary or Secondary
§ Business Category
§ Business Location
Item #19. Page 14
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6 Annual Revenue FY23
Assessments $53,400
Event Revenue $45,000
Interest / Miscellaneous $1,200
Total: $99,600
Activity / Programming FY23
Beautification:
• Seasonal Street Banners & Landscape Maintenance
Marketing:
• Website, social media and occasional print advertising Annual Events
Outdoor music
Item #19. Page 15
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Existing BID Boundaries Expansion BID Boundaries
7 Goldline Station Goldline Station
Item #19. Page 16
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Expanding BID Boundaries
• Expansion South to Ada
– 34 Businesses: office and medical
– Additional assessments $6,400 to $15,300*
• Expansion West to Ada
– 82 Businesses: office, service, restaurant and retail – Additional assessments $15,700 to $38,800*
• Total additional revenue potential: ~$22,000 to $54,000 *Assessment projects based on $200 per business ($100 secondary business) to assessment based on current methodology. 8 Item #19. Page 17
Meeting Date: 8/23/2022 / Packet Page #: 423
Assessments
• There is no minimum, maximum or set formula for assessments. • Collected assessments should cover programmed activities. • Acceptable use of funds collected includes:
– Capital improvements (street lighting, decorative paving, benches, public facilities) – Promotional activities such as special events, marketing • Assessment methodology analysis should be conducted to determine assessments are proportional to benefits received (some BID’s have different zones). • Assessments for existing and potential expanded area should be reviewed. 9 Item #19. Page 18
Meeting Date: 8/23/2022 / Packet Page #: 424
10 BID Block
Size BID Type Annual
Budget Programs Staff
Glendora 2 Business $99,600 Beautification, Marketing & Events City Supported
Monrovia 6 Business 100,000 Beautification, Marketing & Events City Supported
Whittier
Uptown 22 Business $250,000 Beautification, Marketing & Events 2 Part Time Staff Montrose 8 Business $305,000 Beautification, Marketing, Promotion & Events Administrator
Downtown
Pomona 42 Property $1.2M Security, Maintenance, Marketing Director, OM, 4
Maint. Staff
Downtown
Santa Monica 42 Property $9M Beautification, Marketing, Promotion & Security Staff of 12 Item #19. Page 19
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BID Survey
• Larger BID correlates to a larger budget.
• Larger BID’s independent from City with dedicated staff. – Board members selected by BID members
– Meetings are prepared independent of City oversight
• Similar programs and services
– Beautification
– Marketing
– Promotions and Events
• Glendora BID assessments are comparatively low.
11 Item #19. Page 20
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Next Steps
• Survey current BID members & those in prospective expanded area in order to gauge interest on:
– Expansion or inclusion into the BID;
– Types of activities & programming;
– Amount of assessment.
• Assessment Benefit Analysis
– Review assessments for existing BID and expanded areas; – Consider additional cost to extend benefits to expanded area(s) and/or for staffing. – Assessment should be in line with cost and value of benefit. • Assessment methodology may include zones
12 Item #19. Page 21
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13 RECOMMENDATIONS

1. Provide staff with direction regarding expansion
of the Glendora Village Business District.

That the City Council:

Item #19. Page 22
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STAFF REPORT
TO: MAYOR AND COUNCIL MEMBERS DATE: AUGUST 23, 2022
FROM: CITY CLERK DISTRICT(S): CITYWIDE
SUBJECT: CONSIDERATION OF A RESOLUTION PROVIDING FOR THE APPOINTMENT OF

UNOPPOSED CANDIDATES TO MEMBERS OF THE CITY COUNCIL REPRESENTING DISTRICT 1 AND 4 AND CANCELLING THE TUESDAY, NOVEMBER 8, 2022 CITY OF

GLENDORA CITY COUNCIL GENERAL MUNICIPAL ELECTION (STRATEGIC PLAN ITEM 26 - EMO)
That the City Council:

1. Accept the City Clerk’s Certification that there are no more candidates than offices to be filled; and,

2. Adopt a Resolution cancelling the election and providing for the appointment of unopposed candidates Michael Allawos to represent Council District No. 1 and Karen Davis to represent Council District No. 4 for a period of 4-years that were to be elected on Tuesday, November 8, 2022, with each incumbent recusing from themselves from their own appointment.

EXECUTIVE SUMMARY
The City Council called a General Election for November 8, 2022, by approving Resolution CC 2022-21 to elect for City offices of two (2) Members of the City Council, representing District 1 and 4 for the full term of four years. The nomination period for the November 8, 2022 General Municipal Election was Monday, July 18, 2022 through Friday, August 12, 2022. At the close of the nomination period, two candidates filled verified nomination petitions. The persons nominated are incumbents Michael Allawos for Council District 1 and Karen Davis for Council District 4 which means there are no contested seats for the November 8, 2022 Glendora City Council General Municipal Election.

State law gives the City Council the option of appointing the nominees to office thereby cancelling the election. Pursuant to § 10229 of the Election Code, on August 12, 2022 after the close of nomination period the City Clerk’s Certification that there were not more candidates than offices to be elected was emailed to the City Council and send to be published in the San Gabriel Valley Tribune on Wednesday, November 17, 2022.

The November 2022 election was estimated to cost the City approximately $90,400.

LEGISLATIVE HISTORY / PREVIOUS ACTIONS
Pursuant to Glendora Municipal Code § 2.54.010, the City conducts its General Municipal Election on the same day as, and consolidated with, the Statewide Primary Election and held on the first Tuesday after the first Monday in March of even-numbered years.

The City Council adopted Resolution CC 2022-21 on May 24, 2022, Calling and Giving Notice of Holding a General Municipal Election on Tuesday, November 8, 2022 for the following offices: two (2) Members of the City Council representing Districts 1 and 4 for the full term of four years.

Item #20. Page 1
Meeting Date: 8/23/2022 / Packet Page #: 429
Staff Report Page 2 of 3

DISCUSSION
The City of Glendora is scheduled to conduct a General Municipal Election on Tuesday, November 8, 2022 for City offices of two (2) Members of the City Council, representing District 1 and 4.

The nomination period for the November 8, 2022 General Municipal Election was Monday, July 18, 2022 through Friday, August 12, 2022, with extended filing period to August 17, 2022 if an incumbent chooses not to file. As of the close of the nomination period on Friday, August 12, 2022 for Members of the City Council representing District 1 and District 4, there are not more candidates than offices to be elected.

The persons nominated are:

Michael Allawos Member of City Council District 1 4-Years Karen Davis Member of City Council District 4 4-Years
Under these circumstances, since qualified candidates for Districts 1 and 4 are unopposed, the Elections Code § 10229 provides procedures for appointment if only one person is nominated for an elective office and cancellation of its election. The City Clerk is required to submit a certification of these facts to the City Council, publish a notice of the same, and after the fifth day following the date of publication, the City Council will meet to either make the appointment(s) or direct an election to be held. The person(s) appointed, if any, shall qualify and take office and serve exactly as if the person(s) were elected at a municipal election for the office.

In light of the foregoing, the Elections Code §10229 permits the City Council to take one of the following courses of action:

1. Appoint to the office(s) the person(s) who have been nominated.

2. Appoint to the office(s) any eligible voter if no one has been nominated.

3. Hold the election if either no one or only one person has been nominated.

As prescribed by the Election Code, action must be taken prior to November 25, 2022 (EC § 10515), or the Municipal Election will go forward.

The City Clerk has provided the required certification to the City Council that there are not more candidates than the offices to be elected (Attachment A); therefore, the City Council has the option to appoint the nominees to corresponding office and to cancel a portion of the City’s election. Staff recommends this action and has prepared an appropriate Resolution (Attachment B).

Although the City Council could choose to hold the election in its entirety despite the fact there will be no contest for the open offices in District 1 and 4, staff does not recommend this action, since it may result in the City unnecessarily incurring significant elections costs. Moreover, the cancellation of the election should result in a significant reduction in election cost. If the City Council appoints the unopposed candidates to the open offices, those appointees will service in office exactly as if they had been elected, starting their new term when they are sworn into office during the City Council’s first meeting in December 2022, which falls on Tuesday, December 13, 2022.

The City Council’s action to cancel the City’s election will not affect elections associated with other agencies scheduled to occur during the November 8, 2022 Statewide General Election.

PUBLIC NOTICING
As required by the Election Code, a notice of certification entitled “Notice that There are not More Candidates than Offices to be Elected” providing the facts set forth herein and providing notification of the Council’s authority and was posted on Friday, August 12, 2022 (after the close of nominations), published on August 18, 2022 in a newspaper of general circulation in the city pursuant to § 6061 of the Government Code.

Item #20. Page 2
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Staff Report Page 3 of 3

FISCAL IMPACT
If the City Council chooses to hold the election in its entirety, the City election costs from the County Registrar are currently estimated at $90,400. There are sufficient funds available in the City Clerk’s Election budget to pay the required election costs; however, if the City Council makes recommended appointments of unopposed candidates and cancels the election this will be recognized as savings.

ENVIRONMENTAL DETERMINATION
There is no CEQA impacts associated with the recommendations in this report.

Prepared By Kathleen Sessman, City Clerk/Communications Director Concurs With Not Applicable
Reviewed By Kathleen Sessman, City Clerk/Communications Director Certified to Availability of Funds Marie Ricci, Administrative Services Director/City Treasurer Approved By Adam Raymond, City Manager
Legal Review William W. Wynder, City Attorney
CEQA Review Not Applicable
ATTACHMENTS:

A. City Clerk Certification
B. Resolution Appointing and Cancelling November 8, 2022 Election C. Affidavit of Publication – City Clerk Certification
Item #20. Page 3
Meeting Date: 8/23/2022 / Packet Page #: 431

CITY CLERKS CERTIFICATION THAT THERE ARE NOT MORE CANDIDATES

THAN OFFICES TO BE ELECTED
I, Kathleen R. Sessman, City Clerk/Communications Director of the City of Glendora, do hereby certify pursuant to § 10229, Elections Code of the State of California, the following facts relating to the General Municipal Election to be held on Tuesday, November 8, 2022.

As of the close of the nomination period on Friday, August 12, 2022 for Members of the City Council representing District 1 and District 4, there are not more candidates than offices to be elected.

The person(s) so nominated are:

Michael Allawos Member of City Council District 1 4-Years Karen Davis Member of City Council District 4 4-Years
That § 10229 of the Elections Code allows one of the following courses of action to be taken by the City Council:

1. Appoint to the office the person(s) who has/have been nominated.

2. Appoint to the office any eligible elector (voter) if no one has been nominated.

3. Hold the election if either no one or only one person has been nominated.

A notice of these facts was posted on Monday, August 15, 2022 and will be published on Wednesday, August 17, 2022 in a newspaper of general circulation in the city pursuant to § 6061 of the Government Code. After the fifth day following the date of publication, the City Council will meet to either make the appointment(s) or direct an election to be held. The person(s) appointed, if any, shall qualify and take office and serve exactly as if elected at a municipal election for the office.

The City Council will meet on Tuesday, August 23, 2022, to either make the appointment(s) or direct an election to be held.

If, by the 75th day before the municipal election, no person has been appointed to the office(s) pursuant to (1) or (2) above, the election shall be held.

If the City Council makes an appointment pursuant to § 10229, Elections Code, the City Clerk shall not accept for filing any statement of write-in candidacy which is submitted after the appointment is made.

Kathleen R. Sessman, MMC
City Clerk/Communications Director
Dated/Posted: August 15, 2022
Published: August 17, 2022 in the San Gabriel Valley Tribune Item #20. Page 4
Meeting Date: 8/23/2022 / Packet Page #: 432
RESOLUTION CC 2022-____

A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF

GLENDORA, CALIFORNIA, PROVIDING FOR THE APPOINTMENT

OF THE OFFICE(S) OF THE CITY OF GLENDORA THAT WERE TO
BE ELECTED ON TUESDAY, NOVEMBER 8, 2022 AND PROVIDING

FOR THE FOLLOWING APPOINTMENTS OF MEMBERS OF THE
CITY COUNCIL: MICHAEL ALLAWOS REPRESENTING DISTRICT 1,
AND KAREN DAVIS REPRESENTING DISTRICT 4 EACH FOR FULL

TERM OF FOUR-YEAR

THE CITY COUNCIL
City of Glendora, California
WHEREAS, as set for on Resolution CC 2022-21 a General Municipal Election is schedule for Tuesday, November 8, 2022, to fill two (2) City offices, Members of the City Council representing Districts 1, and 4 for the full term of four years; and WHEREAS, pursuant to § 10229 of the Elections Code of the State of California, as of the close of the nomination period on August 12, 2022 for the of office of two (2) Members of the City Council representing District 1 and District 4 that there are not more candidates than offices to be elected and that § 10229 of the Elections Code allows one of the following courses of action to be taken by the City Council:

1. Appoint to the office the person who has been nominated.

2. Appoint to the office any eligible voter if no one has been nominated.

3. Hold the election if either no one or only one person has been nominated.

WHEREAS, the City’s election official caused a notice and certification of these facts and the courses of action available to the City Council pursuant to Elections Code § 10220(a) to a published on August 17, 2022, in the San Gabriel Valley Tribune, a newspaper of general circulation pursuant to law.

NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF GLENDORA, CALIFORNIA, DOES HEREBY RESOLVE AS FOLLOWS:

SECTION 1. That pursuant to § 10229 of the Elections Code of the State of California, the following action is being take:
(a) The following persons are hereby appointed to the offices to which they were nominated, and are deemed to have been duly elected to such offices, pursuant to § 10229(a)(3) of the Elections Code:

NAME OFFICE DISTRICT TERM
Michael Allawos Member of the City Council District 1 4 years Karen Davis Member of the City Council District 4 4 years Item #20. Page 5
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Resolution CC 2022-_____ Page 2 of 2
SECTION 2. The General Municipal Election scheduled to be held on Tuesday, November 8, 2022 for the offices of City Council, District 1 and 4, is, by this action, hereby canceled and the City Clerk is directed to (1) not accept for filing any statement of write-in candidate which is submitted after the appointments are made, and (2) refund any deposits associated with candidate statements.

SECTION 3. The foregoing persons appointed to said offices shall qualify and take office and serve exactly as if the same had been duly elected at a Tuesday, November 8, 2022 General Municipal Election for the office.

SECTION 4. The City Clerk shall certify to the passage and adoption of this resolution, shall enter the same in the Book of Original Resolutions, and shall forward the same to the Los Angeles County Registrar Recorder.

APPROVED and PASSED this __ day of ________, 2022.

City Council of Glendora, California
BY: ________________________________

KAREN DAVIS
Mayor
APPROVED AS TO FORM:

Aleshire & Wynder, LLP
WILLIAM W. WYNDER
City Attorney

CERTIFICATION
I, Kathleen R. Sessman, City Clerk of the City of Glendora, do hereby certify that the foregoing Resolution was duly adopted by the City Council of the City of Glendora at a regular meeting held on the ___ day of ______, 2022, by the following vote:

AYES: COUNCIL MEMBERS:

NOES: COUNCIL MEMBERS:

ABSENT: COUNCIL MEMBERS:

ABSTAIN: COUNCIL MEMBERS:

Dated:

KATHLEEN R. SESSMAN
City Clerk/Communications Director
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STAFF REPORT
TO: MAYOR AND COUNCIL MEMBERS DATE: AUGUST 23, 2022
FROM: PUBLIC WORKS DISTRICT(S): CITYWIDE
SUBJECT: APPROVE AMENDMENT NO. 4 TO CONTRACT SERVICES AGREEMENT BETWEEN THE CITY OF GLENDORA AND ARAKELIAN ENTERPRISES, INC. FOR INTEGRATED

WASTE MANAGEMENT SERVICES

RECOMMENDATION
That the City Council:

1. Approve Amendment No. 4 to Contract Services Agreement between the City of Glendora and Arakelian Enterprises, Inc. for Integrated Waste Management Services

EXECUTIVE SUMMARY
Since the approval of the current franchise agreement in 2014, Arakelian Enterprises, Inc dba Athens Services, has assisted the City with compliance for various State recycling laws such as AB 939, AB 341, AB 1594, and AB 1826. However, the passage of Senate Bill (SB) 1383 (state law increasing the diversion of organic waste to reduce methane emissions) will require significant changes in the City’s franchise agreement with Athens Services including new service methods for residents, enhanced outreach and education programs, and reporting requirements.

LEGISLATIVE HISTORY / PREVIOUS ACTIONS
The City Council approved the franchise agreement with Athens Services effective in September 2014.

The First, Second, and Third Amendments were approved in June 2015, July 2018, and November 2020 respectively.

Governor Jerry Brown signed Senate Bill 1383 in September 2016. Staff, Athens Services, and CalRecycle gave presentations at the September 14, 2021, City Council meeting. The City Council approved the MOA with the San Gabriel Valley Council of Governments for a Regional Food Recovery Program in October 2021. In December 2021, an ordinance which addresses the requirements of organic waste generators under SB 1383 was passed. In April 2022, the City was awarded a grant of $73,664 from CalReycle to assist with funding for programs related to SB 1383.

DISCUSSION
Senate Bill 1383 was signed into law in a statewide effort to reduce methane emissions. In order to achieve this goal, the State of California is requiring all jurisdictions to divert organic waste from landfills to recycling facilities, recover at least 20% of edible food instead sending it to landfills, and procure recycled organic waste products for use within the City.

The City of Glendora and Athens Services must make necessary operational changes in trash collection and recycling services to comply with SB 1383. The amendment also includes various services to maintain public areas within the City. The following is a summary of changes in the amended franchise agreement:

Item #21. Page 1
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Staff Report Page 2 of 3
Organic Waste Program and Service Methods
 Residential Collection (single-family dwellings and multifamily dwellings receiving cart-only services): Athens Services will provide a three-cart, automated curbside collection service that includes (1) 96-gallon trash, (1) 96-gallon recycle, and (1) 96-gallon organics cart serviced once per week.
 Commercial Collection (commercial property, multi-family property, and School District Facilities receiving bin services): Athens Services will collect a minimum of one (1) 35-gallon container for source-separated organic waste once per week.
 Procurement Target: Athens Services will assist the City in the procurement of Renewable Natural Gas (RNG) and/or provide compost or mulch delivered to select locations in the City.  Education and Outreach: Athens Services will continue to perform site visits and reviews, and provide information to all service recipients regarding upcoming service changes and recycling programs.
 Additional SB 1383 Program Requirements: Athens Services will provide the City with Organic Waste tonnage information, perform route reviews and waste evaluations, and other reporting information required by the Law.

Maintenance of Public Areas
 City Can Service: Athens Services will service waste containers in the Downtown area (Glendora Ave. from Bennett Ave. to Foothill Blvd.) once per week. Additional waste containers installed on Glendora Ave. between Foothill Blvd. and Ada Ave. on Glendora Avenue will also be serviced once per week upon completion of the Gold Line Station.  Downtown Pressure Washing: Athens Services will pressure wash City provided benches, sidewalks, and light posts on in the Downtown area on a quarterly basis. Pressure washing services will also be performed quarterly on Glendora Ave. between Foothill Blvd. and Ada Ave. upon completion of the Gold Line Station.

Contract Terms and Annual Rate Adjustment
 Automatic Extension: The current agreement between the City and Athens Services is set to end on August 31, 2024. Starting August 31, 2024, the term shall be automatically extended through August 31, 2044 for a 20 year term, subject to a five-year cooling off period. Essentially, if the City were to execute the termination, it would need to wait five years and the agreement would be for a total of 25 years.
 Annual Rate Adjustment: Starting July 1st of each year following this amendment, Trash CPI Adjustment + 1% will be applied to all rates. Commercial generators will receive an 8% increase on July 1, 2023 and a second 8% increase on July 1, 2024 to cover the costs associated with SB 1383 implementation.
 Proposition 218 Notice and Hearing: A Proposition 218 notice was sent out to all property owners in the City in early August. A public hearing will be held at the September 27, 2022 City Council meeting that will authorize the maximum rate increases for a 5-year period between November 1, 2022 through November 1, 2027. Any other increases requested during that 5-year period will be subject to another Proposition 218 public hearing.

Public Outreach
If this amendment is approved, City staff and Athens Services will begin a robust outreach effort to educate the community of the changes.

FISCAL IMPACT
Exhibit C of the amendment shows the updated rate schedule for all service recipients in the City effective November 1, 2022.

ENVIRONMENTAL DETERMINATION
There is no CEQA impacts associated with the recommendations in this report.

Item #21. Page 2
Meeting Date: 8/23/2022 / Packet Page #: 438
Staff Report Page 3 of 3
Prepared By Andrea Ampig, Senior Management Analyst
Concurs With Not Applicable
Reviewed By Alison Sweet, Public Works Director
Certified to Availability of Funds Marie Ricci, Administrative Services Director/City Treasurer Approved By Adam Raymond, City Manager
Legal Review William W. Wynder, City Attorney
CEQA Review Not Applicable
ATTACHMENTS:

A. Athens Services Amendment No. 4
B. Exhibit C- Rate and Fee Calculation
C. Presentation- Athens Services Amendment No. 4
D. Athens Services Contract 2014-2024
E. Athens Services Amendment No. 1- 2015
F. Athens Services Amendment No. 2- 2018
G. Athens Services Amendment No. 3- 2020
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Annual
Current Rate Adj. Subtotal New City Fee Total
Net Rate 8.00% Net Rate Net Rate (@ 11.00%) Rate
I. Residential Properties
A. Basic Rates
Single dwelling unit (3 Barrel) 37.03 0.00 37.03 37.03 4.07 41.10 B. Non-Basic Rates
Additional 4th Barrel 5.00 0.55 5.55
5th Barrel and above 8.00 0.88 8.88
Residential curb scout 68.67 68.67 68.67 7.55 76.22
Residential yard scout 82.86 82.86 82.86 9.11 91.97
Residential Go Back 29.74 29.74 29.74 3.27 33.01
Residential Go Back Dead Run 29.74 29.74 29.74 3.27 33.01 Bear Barrel
65g 234.91 25.84 260.75
96g 291.30 32.04 323.34
Rollout Service (Single Dwelling Units)
Rollout per 3 Barrels 26.05 2.87 28.92
Rollout per additional barrel above 3 10.00 1.10 11.10
II. MultiFamily Properties
A. Basic Rates
Duplex 72.78 5.82 78.60 78.60 8.65 87.25
Triplex 108.56 8.68 117.24 117.24 12.90 130.14
Per apartment 24.33 1.95 26.28 26.28 2.89 29.17
Apartment scout 37.27 2.98 40.25 40.25 4.43 44.68
Bin 1.5 yard 1X 167.48 13.40 180.88 180.88 19.90 200.78 Bin 3 yard 1X 219.35 17.55 236.90 236.90 26.06 262.96
Bin 3 yard 2X 349.07 27.93 377.00 377.00 41.47 418.47
Bin 3 yard 3X 472.40 37.79 510.19 510.19 56.12 566.31
Bin 3 yard 4X 591.83 47.35 639.18 639.18 70.31 709.49
Bin 3 yard 5X 700.88 56.07 756.95 756.95 83.26 840.21
Bin 3 yard 6X 770.55 61.64 832.19 832.19 91.54 923.73
Bin 3 yard - Special Handling w/scout 1X 316.92 25.35 342.27 342.27 37.65 379.92 Bin 3 yard - Special Handling w/scout 2X 502.12 40.17 542.29 542.29 59.65 601.94

EXHIBIT C

CITY OF GLENDORA

RATE AND FEE CALCULATION
EFFECTIVE NOVEMBER 1, 2022
Item #21. Page 34
Meeting Date: 8/23/2022 / Packet Page #: 470
Annual
Current Rate Adj. Subtotal New City Fee Total
Net Rate 8.00% Net Rate Net Rate (@ 11.00%) Rate

EXHIBIT C

CITY OF GLENDORA

RATE AND FEE CALCULATION
EFFECTIVE NOVEMBER 1, 2022
Scout bin 1.5 yard 1X 213.24 17.06 230.30 230.30 25.33 255.63 Scout bin 1.5 yard 2X 343.42 27.47 370.89 370.89 40.80 411.69 Scout bin 3 yard 1X 265.17 21.21 286.38 286.38 31.50 317.88 Scout bin 3 yard 2X 440.62 35.25 475.87 475.87 52.35 528.22 Scout bin 3 yard 3X 553.20 44.26 597.46 597.46 65.72 663.18 Recycling Bin 3 yard 1X 59.72 4.78 64.50 64.50 7.10 71.60 Recycling Bin 3 yard 2X 94.66 7.57 102.23 102.23 11.25 113.48 Recycling Bin 3 yard 3X 148.58 11.89 160.47 160.47 17.65 178.12 Recycling Bin 3 yard 4X 198.09 15.85 213.94 213.94 23.53 237.47 Recycling Bin 3 yard 5X 249.10 19.93 269.03 269.03 29.59 298.62 Recycling Bin 3 yard 6X 298.60 23.89 322.49 322.49 35.47 357.96 Organic Cart 32g 1x 69.00 7.59 76.59
Organic Cart 32g 2x 137.00 15.07 152.07
Organic Cart 32g 3x 205.00 22.55 227.55
Organic Cart 32g 4x 272.00 29.92 301.92
Organic Cart 32g 5x 340.00 37.40 377.40
Organic Cart 32g 6x 408.00 44.88 452.88
Organic Cart 32g 7x 476.00 52.36 528.36
Organic Cart 64g 1x 77.17 8.49 85.66
Organic Cart 64g 2x 153.15 16.85 170.00
Organic Cart 64g 3x 229.14 25.21 254.35
Organic Cart 64g 4x 305.13 33.56 338.69
Organic Cart 64g 5x 381.11 41.92 423.03
Organic Cart 64g 6x 457.10 50.28 507.38
Organic Cart 64g 7x 533.09 58.64 591.73
Organic Cart 96g 1x 86.00 9.46 95.46
Organic Cart 96g 2x 171.00 18.81 189.81
Organic Cart 96g 3x 255.00 28.05 283.05
Organic Cart 96g 4x 340.00 37.40 377.40
Organic Cart 96g 5x 424.00 46.64 470.64
Organic Cart 96g 6x 509.00 55.99 564.99
Organic Cart 96g 7x 594.00 65.34 659.34
Item #21. Page 35
Meeting Date: 8/23/2022 / Packet Page #: 471
Annual
Current Rate Adj. Subtotal New City Fee Total
Net Rate 8.00% Net Rate Net Rate (@ 11.00%) Rate

EXHIBIT C

CITY OF GLENDORA

RATE AND FEE CALCULATION
EFFECTIVE NOVEMBER 1, 2022
Organic Bin 1 Yard 1x 118.00 12.98 130.98
Organic Bin 1 Yard 2x 228.00 25.08 253.08
Organic Bin 1 Yard 3x 338.00 37.18 375.18
Organic Bin 1 Yard 4x 448.00 49.28 497.28
Organic Bin 1 Yard 5x 558.00 61.38 619.38
Organic Bin 1 Yard 6x 668.00 73.48 741.48
Organic Bin 1 Yard 7x 778.00 85.58 863.58
Organic Bin 1.5 Yard 1x 144.00 15.84 159.84
Organic Bin 1.5 Yard 2x 280.00 30.80 310.80
Organic Bin 1.5 Yard 3x 415.00 45.65 460.65
Organic Bin 1.5 Yard 4x 550.00 60.50 610.50
Organic Bin 1.5 Yard 5x 686.00 75.46 761.46
Organic Bin 1.5 Yard 6x 821.00 90.31 911.31
Organic Bin 1.5 Yard 7x 956.00 105.16 1,061.16
Organic Bin 2 Yard 1x 170.00 18.70 188.70
Organic Bin 2 Yard 2x 331.00 36.41 367.41
Organic Bin 2 Yard 3x 492.00 54.12 546.12
Organic Bin 2 Yard 4x 652.00 71.72 723.72
Organic Bin 2 Yard 5x 813.00 89.43 902.43
Organic Bin 2 Yard 6x 974.00 107.14 1,081.14
Organic Bin 2 Yard 7x 1,134.00 124.74 1,258.74
B. Non-Basic Rates
Bin apartment rental 60.22 4.82 65.04 65.04 7.15 72.19
Scout bin apartment rental 101.42 8.11 109.53 109.53 12.05 121.58 Curb manure 29.61 2.37 31.98 31.98 3.52 35.50
Barrel Scout Service
1x 17.60 1.94 19.54
2x 35.20 3.87 39.07
3x 52.80 5.81 58.61
4x 70.40 7.74 78.14
5x 88.00 9.68 97.68
6x 105.60 11.62 117.22
7x 123.20 13.55 136.75
Bear Barrel
65g 234.91 25.84 260.75
96g 291.30 32.04 323.34
Item #21. Page 36
Meeting Date: 8/23/2022 / Packet Page #: 472
Annual
Current Rate Adj. Subtotal New City Fee Total
Net Rate 8.00% Net Rate Net Rate (@ 11.00%) Rate

EXHIBIT C

CITY OF GLENDORA

RATE AND FEE CALCULATION
EFFECTIVE NOVEMBER 1, 2022
III. Commercial Properties
A. Basic Rates
Bin 1.5 yard 1X 166.20 13.30 179.50 179.50 19.75 199.25 Bin 1.5 yard 2X 259.68 20.77 280.45 280.45 30.85 311.30 Bin 1.5 yard 3X 337.49 27.00 364.49 364.49 40.09 404.58 Bin 1.5 yard 4X 411.61 32.93 444.54 444.54 48.90 493.44 Bin 1.5 yard 5X 479.39 38.35 517.74 517.74 56.95 574.69 Bin 1.5 yard 6X 561.16 44.89 606.05 606.05 66.67 672.72 Bin 3 yard 1X 218.14 17.45 235.59 235.59 25.91 261.50
Bin 3 yard 2X 347.80 27.82 375.62 375.62 41.32 416.94
Bin 3 yard 3X 472.33 37.79 510.12 510.12 56.11 566.23
Bin 3 yard 4X 591.73 47.34 639.07 639.07 70.30 709.37
Bin 3 yard 5X 700.78 56.06 756.84 756.84 83.25 840.09
Bin 3 yard 6X 825.30 66.02 891.32 891.32 98.05 989.37
Scout bin 1.5 yard 1X 211.99 16.96 228.95 228.95 25.18 254.13 Scout bin 1.5 yard 2X 351.43 28.11 379.54 379.54 41.75 421.29 Scout bin 3 yard 1X 263.88 21.11 284.99 284.99 31.35 316.34 Scout bin 3 yard 2X 439.34 35.15 474.49 474.49 52.19 526.68 Scout bin 3 yard 3X 587.19 46.98 634.17 634.17 69.76 703.93 Scout bin 3 yard 4X 762.66 61.01 823.67 823.67 90.60 914.27 Scout bin 3 yard 5X 938.12 75.05 1,013.17 1,013.17 111.45 1,124.62 Scout bin 3 yard 6X 1,075.70 86.06 1,161.76 1,161.76 127.79 1,289.55 Compactor 2 yard 1X 366.90 29.35 396.25 396.25 43.59 439.84 Compactor 2 yard 2X 646.96 51.76 698.72 698.72 76.86 775.58 Compactor 2 yard 3X 915.99 73.28 989.27 989.27 108.82 1,098.09 Compactor 2 yard 4X 1,182.68 94.61 1,277.29 1,277.29 140.50 1,417.79 Compactor 2 yard 5X - Added 6/15/2020 1,447.00 115.76 1,562.76 1,562.76 171.90 1,734.66 Compactor 2 yard 6X - Added 6/15/2020 1,708.97 136.72 1,845.69 1,845.69 203.03 2,048.72 Compactor 4 yard 1X 550.65 44.05 594.70 594.70 65.42 660.12 Compactor 4 yard 2X 1,095.65 87.65 1,183.30 1,183.30 130.16 1,313.46 Compactor 4 yard 3X 1,640.63 131.25 1,771.88 1,771.88 194.91 1,966.79 Compactor 4 yard 4X 2,185.61 174.85 2,360.46 2,360.46 259.65 2,620.11 Compactor 4 yard 5X 2,730.59 218.45 2,949.04 2,949.04 324.39 3,273.43 Compactor 4 yard 6X 3,275.57 262.05 3,537.62 3,537.62 389.14 3,926.76 Compactor 6 yard 1X 741.59 59.33 800.92 800.92 88.10 889.02 Compactor 6 yard 2X 1,307.74 104.62 1,412.36 1,412.36 155.36 1,567.72 Compactor 6 yard 3X 1,851.55 148.12 1,999.67 1,999.67 219.96 2,219.63 Compactor 6 yard 4X 2,390.65 191.25 2,581.90 2,581.90 284.01 2,865.91 Compactor 6 yard 5X 2,915.28 233.22 3,148.50 3,148.50 346.34 3,494.84 Item #21. Page 37
Meeting Date: 8/23/2022 / Packet Page #: 473
Annual
Current Rate Adj. Subtotal New City Fee Total
Net Rate 8.00% Net Rate Net Rate (@ 11.00%) Rate

EXHIBIT C

CITY OF GLENDORA

RATE AND FEE CALCULATION
EFFECTIVE NOVEMBER 1, 2022
Organic Cart 32g 1x 69.00 7.59 76.59
Organic Cart 32g 2x 137.00 15.07 152.07
Organic Cart 32g 3x 205.00 22.55 227.55
Organic Cart 32g 4x 272.00 29.92 301.92
Organic Cart 32g 5x 340.00 37.40 377.40
Organic Cart 32g 6x 408.00 44.88 452.88
Organic Cart 32g 7x 476.00 52.36 528.36
Organic Cart 64g 1x 77.17 8.49 85.66
Organic Cart 64g 2x 153.15 16.85 170.00
Organic Cart 64g 3x 229.14 25.21 254.35
Organic Cart 64g 4x 305.13 33.56 338.69
Organic Cart 64g 5x 381.11 41.92 423.03
Organic Cart 64g 6x 457.10 50.28 507.38
Organic Cart 64g 7x 533.09 58.64 591.73
Organic Cart 96g 1x 86.00 9.46 95.46
Organic Cart 96g 2x 171.00 18.81 189.81
Organic Cart 96g 3x 255.00 28.05 283.05
Organic Cart 96g 4x 340.00 37.40 377.40
Organic Cart 96g 5x 424.00 46.64 470.64
Organic Cart 96g 6x 509.00 55.99 564.99
Organic Cart 96g 7x 594.00 65.34 659.34
Organic Bin 1 Yard 1x 118.00 12.98 130.98
Organic Bin 1 Yard 2x 228.00 25.08 253.08
Organic Bin 1 Yard 3x 338.00 37.18 375.18
Organic Bin 1 Yard 4x 448.00 49.28 497.28
Organic Bin 1 Yard 5x 558.00 61.38 619.38
Organic Bin 1 Yard 6x 668.00 73.48 741.48
Organic Bin 1 Yard 7x 778.00 85.58 863.58
Organic Bin 1.5 Yard 1x 144.00 15.84 159.84
Organic Bin 1.5 Yard 2x 280.00 30.80 310.80
Organic Bin 1.5 Yard 3x 415.00 45.65 460.65
Organic Bin 1.5 Yard 4x 550.00 60.50 610.50
Organic Bin 1.5 Yard 5x 686.00 75.46 761.46
Organic Bin 1.5 Yard 6x 821.00 90.31 911.31
Organic Bin 1.5 Yard 7x 956.00 105.16 1,061.16
Organic Bin 2 Yard 1x 170.00 18.70 188.70
Organic Bin 2 Yard 2x 331.00 36.41 367.41
Organic Bin 2 Yard 3x 492.00 54.12 546.12
Organic Bin 2 Yard 4x 652.00 71.72 723.72
Organic Bin 2 Yard 5x 813.00 89.43 902.43
Organic Bin 2 Yard 6x 974.00 107.14 1,081.14
Organic Bin 2 Yard 7x 1,134.00 124.74 1,258.74
Item #21. Page 38
Meeting Date: 8/23/2022 / Packet Page #: 474
Annual
Current Rate Adj. Subtotal New City Fee Total
Net Rate 8.00% Net Rate Net Rate (@ 11.00%) Rate

EXHIBIT C

CITY OF GLENDORA

RATE AND FEE CALCULATION
EFFECTIVE NOVEMBER 1, 2022
B. Non-Basic Rates
3 Yd Temp 206.13 16.49 222.62 222.62 24.49 247.11
X-dumps 73.67 5.89 79.56 79.56 8.75 88.31
Bin Lock Lids 40.94 3.28 44.22 44.22 4.86 49.08
Bin Go Back Dead Run 83.29 6.66 89.95 89.95 9.89 99.84
Bin Exchange 95.20 7.62 102.82 102.82 11.31 114.13
Bin Exchange with Metal Lids 111.55 8.92 120.47 120.47 13.25 133.72 Bin Wash Out 83.29 6.66 89.95 89.95 9.89 99.84
CC 1 can 55.24 4.42 59.66 59.66 6.56 66.22
CC 2 can 87.92 7.03 94.95 94.95 10.45 105.40
CC 3 can 119.46 9.56 129.01 129.01 14.19 143.21
CC 4 can 149.56 11.97 161.53 161.53 17.77 179.30
CC 5 can 177.05 14.16 191.21 191.21 21.03 212.24
CC 6 can 204.67 16.37 221.04 221.04 24.31 245.36
Roll-off Mixed Waste (5 ton limit + actual cost over 5 tons) 958.12 76.65 1,034.77 1,034.77 113.82 1,148.59 Roll-off 10YD C&D (3 ton limit + actual cost over 3 tons) 737.30 58.98 796.28 796.28 87.59 883.87 Roll-off 20YD C&D (4 ton limit + actual cost over 4 tons) 849.55 67.96 917.51 917.51 100.93 1,018.44 Roll-off 30YD C&D (5 ton limit + actual cost over 5 tons) 961.80 76.94 1,038.74 1,038.74 114.26 1,153.00 Roll-off 40YD C&D (6 ton limit + actual cost over 6 tons) Added 10/6/20 1,074.05 85.92 1,159.97 1,159.97 127.60 1,287.57 Roll-off Dead Run 133.85 10.71 144.56 144.56 15.90 160.46 Roll-off Relocate Box 81.80 6.54 88.34 88.34 9.72 98.06 Roll-off Demurrage / Day 17.85 1.43 19.28 19.28 2.12 21.40 Roll-off Plastic Liners 37.20 2.98 40.18 40.18 4.42 44.60 Compactor Wash Out 275.17 22.01 297.18 297.18 32.69 329.87 Storage Box Delivery 148.73 11.90 160.63 160.63 17.67 178.30 Storage Box Rental 148.73 11.90 160.63 160.63 17.67 178.30 Stand By 141.30 11.30 152.60 152.60 16.79 169.39
Transportation Services 163.62 13.09 176.71 176.71 19.44 196.15 Barrel Scout Service
1x 17.60 1.94 19.54
2x 35.20 3.87 39.07
3x 52.80 5.81 58.61
4x 70.40 7.74 78.14
5x 88.00 9.68 97.68
6x 105.60 11.62 117.22
7x 123.20 13.55 136.75
Bear Barrel
65g 234.91 25.84 260.75
96g 291.30 32.04 323.34
Item #21. Page 39
Meeting Date: 8/23/2022 / Packet Page #: 475
Annual
Current Rate Adj. Subtotal New City Fee Total
Net Rate 8.00% Net Rate Net Rate (@ 11.00%) Rate

EXHIBIT C

CITY OF GLENDORA

RATE AND FEE CALCULATION
EFFECTIVE NOVEMBER 1, 2022
IIII. Other Optional Services and Rates
Account Stop Service** 33.61 2.69 36.30 36.30 3.99 40.29 Account Reactivation** 33.61 2.69 36.30 36.30 3.99 40.29 Declined Payment (Any Reason)** 33.61 2.69 36.30 36.30 3.99 40.29 Late Fee (1.5% / Month, $5.00 Minimum)** 5.60 0.45 6.05 6.05 0.67 6.72 Compost Bin Delivery* 28.46 2.28 30.74 30.74 3.38 34.12 Worm Bin Delivery* 62.63 5.01 67.64 67.64 7.44 75.08
3 Yd Temp with Scout - Delivery* 227.28 18.18 245.46 245.46 27.00 272.46 3 Yd Temp with Scout - Dump* 84.24 6.74 90.98 90.98 10.01 100.99 Bin Delivery** 56.03 4.48 60.51 60.51 6.66 67.17
Bin Removal** 56.03 4.48 60.51 60.51 6.66 67.17
Bin Excess Waste Charge** 39.22 3.14 42.36 42.36 4.66 47.02 Bin Excess Weight Charge** 39.22 3.14 42.36 42.36 4.66 47.02 Roll-off Organics Haul (round-trip)* 420.37 33.63 454.00 454.00 49.94 503.94 Roll-off Organics Disposal (per ton)* 151.29 12.10 163.39 163.39 17.97 181.36 Roll-off 10YD Concrete (3 ton limit + actual cost over 3 tons)* 607.48 48.60 656.08 656.08 72.17 728.25 Roll-off 30YD Metal* 420.20 33.62 453.82 453.82 49.92 503.74 Roll-off 40YD Metal* 448.21 35.86 484.07 484.07 53.25 537.32 Roll-off Roll-top Rental** 56.03 4.48 60.51 60.51 6.66 67.17 Roll-off Overweight (>10 tons, plus disposal)** 112.05 8.96 121.01 121.01 13.31 134.32 Roll-off Impound of Illegal Box (plus disposal)** 840.38 67.23 907.61 907.61 99.84 1,007.45 Compactor Rental* 252.13 20.17 272.30 272.30 29.95 302.25 Compactor Receiver Box Rental* 616.29 49.30 665.59 665.59 73.21 738.80 Organics Waste Contamination Fee* 313.76 25.10 338.86 338.86 37.27 376.13 Permanent Bin Service: Bulky Item Pickup - Each Additional Item 25.73 2.06 27.79 27.79 3.06 30.85 Permanent Bin Service: Bulky Item Pickup - First Item or dead run for scheduled bulky item pick-up 15.44 1.24 16.68 16.68 1.83 18.51 Barrel: Excess Waste or Excess Weight 8.85 0.71 9.56 9.56 1.05 10.61 Barrel : Extra Pick-Up, Contamination - Green Waste / Organics / Recycling 25.73 2.06 27.79 27.79 3.06 30.85 Temporary Bin: Dead Run 136.90 10.95 147.85 147.85 16.26 164.11 Commercial: Enclosure Clean-Up 58.67 4.69 63.36 63.36 6.97 70.33 Commercial: Tipping Bin Rental 41.17 3.29 44.46 44.46 4.89 49.35 Pressure Wash (Per Hour Rate) 125.00 13.75 138.75
Item #21. Page 40
Meeting Date: 8/23/2022 / Packet Page #: 476
Athens Services
Amendment No. 4
Public Works- Environmental Services
City Council
August 23, 2022
Andrea Ampig, Senior Management Analyst
CityOfGlendora.org
Item #21. Page 41
Meeting Date: 8/23/2022 / Packet Page #: 477
2 OVERVIEW- AMENDMENT NO. 4
• Serves as a mechanism of compliance for SB 1383
• Builds upon our current solid waste contract which does not specifically outline SB 1383 required programs
• Adds additional services to maintain public areas within the City Item #21. Page 42
Meeting Date: 8/23/2022 / Packet Page #: 478
3 RESIDENTIAL SERVICE METHODS
• Athens will provide a three-cart,
automated curbside collection service
that includes (1) 96-gallon trash, (1)
96-gallon recycle, and (1) 96-gallon
organics cart serviced once per week
• Bulky-item pick up service will remain
the same
Item #21. Page 43
Meeting Date: 8/23/2022 / Packet Page #: 479
4 COMMERCIAL SERVICE METHODS
• Athens will collect a minimum of (1) 35
-gallon container of source-separated
organic waste once per week
• Waivers have been sent to businesses
to apply for an exemption from the
program if they produce little to no
organic waste on site
Item #21. Page 44
Meeting Date: 8/23/2022 / Packet Page #: 480
5 EDUCATION AND OUTREACH Item #21. Page 45
Meeting Date: 8/23/2022 / Packet Page #: 481
6 OTHER SB 1383 REQUIREMENTS
• Assistance with procurement of RNG and compost for the City • Provide the City with waste tonnage information, perform route reviews, and waste evaluations
Item #21. Page 46
Meeting Date: 8/23/2022 / Packet Page #: 482
7 MAINTENANCE OF PUBLIC AREAS
• Waste containers in the Downtown
area will be serviced once per
week
• Quarterly pressure washing
services in the Downtown area
• Area near the new Gold Line
Station will be included when the
project is complete
Item #21. Page 47
Meeting Date: 8/23/2022 / Packet Page #: 483
2023 2024 - 2044
8 CONTRACT TERMS AND ANNUAL RATE ADJUSTMENT
Current contract ends
on August 31, 2024
Automatic extension starting August
31, 2024 through August 31, 2044
Commercial
generators 8%
increase on July 1,
2023
Commercial
generators 8%
increase on July 1,
2024
Starting July 1st of each year after this amendment, Trash CPI Adjustment + 1% will be applied to all rates Item #21. Page 48
Meeting Date: 8/23/2022 / Packet Page #: 484
9 PROPOSITION 218
• A Proposition 218 notice sent out in early August to all property owners in the City
• Public Hearing will be held at the September 27, 2022 City Council Meeting • Will authorize maximum rate increase between November 1, 2022 through November 1, 2027
• Any other increases requested during that period will be subject to another Proposition 218 hearing
Item #21. Page 49
Meeting Date: 8/23/2022 / Packet Page #: 485
10 RECOMMENDATIONS

1. Approve Amendment No. 4 to Contract
Services Agreement between the City
of Glendora and Arakelian Enterprises,
Inc. for Integrated Waste Management
Services
That the City Council:

Item #21. Page 50
Meeting Date: 8/23/2022 / Packet Page #: 486

FRANCHISE AGREEMENT
BETWEEN THE CITY OF GLENDORA AND ARAKELIAN ENTERPRISES, INC.

FOR INTEGRATED WASTE MANAGEMENT

BY AND BETWEEN

CITY OF GLENDORA
AND
ARAKELIAN ENTERPRISES, INC.
0/B/AATHENS SERVICES
EFFECTIVE SEPTEMBER 1, 2014
1 Item #21. Page 51
Meeting Date: 8/23/2022 / Packet Page #: 487

TABLE OF CONTENTS
PAGE
SECTION 1 - DEFINJTlO S ......................................................................................................... 4 SECTJON 2 - SERVJCE AREA ..................................................................................................... 9 A. Franchise Service Area ............................................................................................ 9 SECTION 3 - SERVICES PROVJDED BY ATH ENS SERVICES .............................................. 9 A. Description of Services ................................. ................ .............. ............................. 9 B. Street S\.veeping Services ......................................................................................... 9· C. lv1andatory Cus1on1er Service .................................................................................. 9 D. Vehic]es and Equip1nen1 ........... ............................................................................... 9 E. Repair of Damaged Pavement ............................................................................... 10 F. Repair of Damaged Property ................................................................... .......... .... lO G. City Facilities/Community Events ColJection ....................................................... 11 ! J. Sharps ..................................................................................................................... 11 I. Electronic Waste Collection ...................................... ............................................ 11 J. H H W Program .................... .. ................................................................................. 1 1 K. Wa]k-Out Service for Disabled .............................................................................. 12 L. Graffiti Removal ........................................................................................ .. ......... . 12 M. Bus Stop tv1 aintenanc,e ........................................................................................... 13 N. Conlposting Bin Sale ........................................ ..................... ................................ 14

0. Annual Compost Give-away .................................................................................. 15 P. Emergency Co I lecti on Services ............................................................................. 15 Q·. Transitjon Assistance ............................................................................................. 15 SECTION 4 METHODS OF COLLECTJON AND PROCESSING ......................................... 16 A. Methods of Collection Services ............................................................................. 16 J. Residential Solid Waste s ~rvices to be Performed ................................. 16

2. Multi-Family Bin, Commercial, and lndustria] Solid Waste ..................... 16

3. Containers for Solid Was1e and Green Waste ............... ............................. 16

4. Solid Waste Not P1aced in Approved Containe1·s ...................................... 17

5. ,Collection Time ........................ ................................................................. 17

6. Collection Routes ....................................................................................... 17

7. Col lection on Holidays .............................................................................. 17

8. ColJection Standards ..................................................................... ............. 17

9. RolJ-off and Lowboy Bins .............................. .............. ............................. 17 J 0. Bulky Waste ............................................................. .................................. 18 1 I. Special Waste ................ ............................................................................. l8 J 2. Christmas Trees ... ...................................................................................... 1 8 t 3. Scout and Push-Out Service .................................................... ...... ............. l 8

14. Locking Lid Fees ........................................................................................ l8

15. Abandoned Bu]ky Hem Col1ec1ion ..... ..... ............. ...... ............................... 19

16. Dedicated Routes ..... ................ ...... ............................ ................................ 19 I
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C. Right to Impound ................................................................................................... J 9 D. Minimum Diversion Requirement ......................................................................... 19 E. Construction and Demolition Debris ..................................................................... 20 F. Missed Pickups ...................................................................................................... 20 G. Disposal Facility .................................................................................................... 20 SECTION 5 - FEES FOR SERVICES ..... ................................................................................... 20 A. Basic Rates ............................................................................................................. 20 B. City Billing and Collection Responsibility ............................................................ 20 C. Athens Billing and Collection Responsibility ........................................................ 20 D. Franchise Fee ......................................................................................................... 21 E. Environmental Administrative Fee ........................................................................ 21 SECTION 6 - EFFECTIVE DATE AND TERM OF AGREEMENT .. ..................................... 2 l SECTION 7 - CITY CONSENT REQUIRED FOR TRANSFER OR CHANGE OF CONTROL ......................................................................................................................... 22 A. Transfer .................................................................................................................. 22 B. Change in Control .................................................................................................. 22 C. Transfer Consent Process ....................................................................................... 22 SECTION 8 - MISCELLANEOUS PROVISIONS ................. ....... ... .. .................................... 22 A. Independent Contractor .......................................................................................... 22 B. No Joint Association .............................................................................................. 23 C. No Gratuities .......................................................................................................... 23 D. Anti-Discrimination Clause ............................................................. .............. ........ 23 E. Notices ................................................................................................................... 23 F. Entire Agreement ................................................................................................... 24 G. lnte,p retation ....................... ................................................................................... 24 H. Waiver .................................................................................................................... 24 I. Attorney's Fees ....................................................................................................... 24 J Severance Clause ............................................................................................ ....... 24 K Venue ........................................................................ ............................................. 25 L. Captions ................................................................................................................. 25 EXHIBIT A SPECIAL WASTES .............................................................................................. 27 EXHIBIT B GENERAL PROVIS JONS ....................................... ............................... . ... ...... 28 EXHIBIT C RA TE AND FEE SCHEDULE .................................................. ........... ..... ..... .48 EXHIBIT D RA TE ADJUSTMENT .......................................................................................... 52 EXHIBIT E CITY FACILITIES SERVICE .............................................................................. 55 EXHIBIT F Intentionally left blank ........................................................................................ 57 EXHIBIT G Annually Renewable Performance Bond ..... .......................................................... 58 2 Item #21. Page 53
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BOND # ______ ..................................................................................................... 58 EXHIBIT H STREET SWEEPING ............................... ......................................................... 60 EXHIBIT I BUS STOP LOCATIONS ............................ .............. ....................................... 63 3 Item #21. Page 54
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FRANCHISE AGREEMENT BETWEEN

THE CITY OF GLENDORA AND
ARAKELIAN ENTERPRISES, INC. FOR

INTEGRATED WASTE MANAGEMENT
This CONTRACT AND FRANCHISE BETWEEN THE CITY OF GLENDORA AND ARAKELIAN ENTERPRISES, INC. FOR INTEGRATED WASTE
MANAGEMENT (this "Agreement") is entered into this 1st day of September, 2014 between the City of Glendora, California, a municipal corporation, ("City") and Arakelian Enterprises, Inc., a California corporation (doing business as, and referred to in this Agreement as, "Athens Services"), for the collection, transportation, recycling, composting and disposal of Solid Waste from specified properties in the City of Glendora.

RECITALS
WHEREAS, the City is empowered under Section 7 of Article XI of the California Constitution to make and enforce, within its limits, all police and sanitary ordinances and regulations not in conflict with general laws; and
WHEREAS, as further described below, due to the complex legal nature of solid waste collection and the need for an integrated waste management system which disposes of waste in a healthful and economic fashion, reduces generation and promotes reuse and recycling, limits the potential for waste to degrade water sources or contaminate the environment, City finds it necessary to award an exclusive franchise to a single franchisee, and for such privilege, and in consideration of Athens Services' obligations hereunder, City shall collect a franchise fee, and an environmental administrative fee to assist in covering the City's costs in addressing mitigation of environmental impacts, as provided herein; and
WHEREAS, the Legislature of the State of California, by enactment of the California Integrated Waste Management Act of 1989, ("AB 939" or the "Act") and subsequent additions and amendments (codified at California Public Resources Code Section 40000 et seq.), established a Solid Waste management process which requires cities and other local jurisdictions to implement plans for source reduction, reuse and recycling as integrated waste management practices for Solid Waste attributed to sources within their respective jurisdictions; and WHEREAS, California Public Resources Code § 40059 provides that aspects of Solid Waste handling oflocal concern include but are not limited to frequency of collection, means of collection and transportation, level of services, charges and fees, and nature, location and extent of providing solid waste services, and whether the services are to be provided by means of nonexclusive, partially exclusive or wholly exclusive franchise, contract, license or otherwise which may be granted by local government under terms and conditions prescribed by the governing body of the local agency; and
WHEREAS, the California Constitution and the Act authorize the City to determine the aspects of solid waste handling which are of local concern, including the means by which solid Item #21. Page 55
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waste services are to be rendered and whether solid waste services are to be provided on an exclusive or non-exclusive basis; and
WHEREAS, the Federal Clean Water Act of 1972 establishes water quality standards for all contaminants in surface waters, requires the implementation of wastewater pollution control programs, and authorizes the National Pollutant Discharge Elimination System (NPDES) permit system to control water pollution by regulating point sources that discharge pollutants into waters of the United States, which stormwater programs are administered regionally through rules, regulations and mandates promulgated by the Los Angeles Regional Water Quality Control Board; and
WHEREAS, City is obligated to protect the public health and safety of the residents and businesses in the City, and arrangements made by solid waste enterprises and recyclers for the collection of Residential and commercial Solid Wastes should be made in a manner consistent with the exercise of the City's police power for the protection of public health and safety; and WHEREAS, City and Athens Services are mindful of the provisions of the laws governing the safe collection, transpo11, recycling and disposal of Residential and commercial Solid Waste, including AB 939, AB 341, the Resource Conservation and Recovery Act ("RCRA"), 42 U.S.C. §§ 6901et seq., the Comprehensive Environmental Response, Compensation and Liability Act ("CERCLA11 ), 42 U.S.C. §§ 9601 et. seq.; the Electronic Waste Recycling Act of 2003 (SB 20, Chapter 526, Statutes of 2003; SB 50, Chapter 863, Statutes of 2004; AB 575 Chapter 59, Statutes of 2011), laws governing Universal Waste, including, but not limited to, Universal Waste Electronics Devices ("UWED"), non-empty aerosol cans, fluorescent tubes, high intensity discharge lamps, sodium vapor lamps, and any other lamp exhibiting a characteristic of a hazardous waste, batteries (rechargeable nickel-cadmium batteries, silver button batteries, mercury batteries, small sealed lead acid batteries, alkaline batteries, carbonzinc batteries and any other batteries which exhibit the characteristic of a hazardous waste), mercury thermometers, mercury-containing switches; and
WHEREAS, City and Athens Services desire to leave no doubts as to their respective roles and to make it clear that by entering into this Agreement, City is not thereby becoming a "generator" or an "arranger" as those terms are used in the context of CERCLA § 107(a)(3) and that it is Athens Services, an independent entity, not City, which will arrange to collect Solid Waste from single family dwellings, multiple family dwellings, City and Commercial Customers in the City, transport for recycling and disposal and dispose of Solid Wastes which may contain small amounts of household products with the characteristics of hazardous wastes, collect and compost Green Waste and collect and recycle Recyclable Materials from single family dwellings, multiple family dwellings, City, and commercial customers in the City, and collect and recycle or dispose of Construction and Demolition Materials ("C & D Materials"); and WHEREAS, Athens Services represents and warrants to City that Athens Services has the experience and qualifications to conduct recycling and waste diversion programs, to provide City with information sufficient to meet the City's reporting requirements to CalRecycle and any other State, County, or additional agencies with jurisdiction over the portion of the City's waste stream that is collected by Athens Services, and that Athens Services shall submit any such data required by the City to meet its reporting obligations in a format specified in this Agreement; and 2 Item #21. Page 56
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WHEREAS, Athens Services represents that it employs qualified persons responsible for the day-to-day collection, safe transport, and disposal of Solid Wastes and that such persons will operate equipment and otherwise conduct all activities in a safe manner which shall minimize the adverse effects of collection vehicles on air quality and traffic, and that Franchisee has the ability to indemnify City in accordance with this Agreement; and WHEREAS, the City Council of the City has determined that the public health, safety and well-being require that an exclusive franchise be awarded to a qualified solid waste enterprise to provide integrated waste management, to arrange with Solid Waste Customers for the collection of Solid Waste, including the recovery of Recyclable Solid Waste, and the collection and disposal of Solid Waste from specified properties within the City; and WHEREAS, the City Council of the City declares its intention to maintain reasonable rates for collection and disposal of Solid Waste and collection and recycling of Recyclable Solid Wastes within the City concurrent with achieving state-mandated landfill diversion and recycling marks as established by all applicable laws; and
WHEREAS, on August 11, 1992, City and Athens Services entered into a CONTRACT

AND FRANCHISE BETWEEN THE CITY OF GLENDORA AND ARAKELIAN ENTERPRISES, INC. FOR INTEGRATED WASTE MANAGEMENT which contract was amended by that certain FIRST AMENDMENT TO CONTRACT AND FRANCHISE BETWEEN THE CITY OF GLENDORA AND ARAKELIAN ENTERPRISES, INC. FOR INTEGRATED WASTE MANAGEMENT entered into on October 25, 1994 and by that certain

SECOND AMENDMENT TO CONTRACT AND FRANCHISE BETWEEN THE CITY OF GLENDORA AND ARAKELIAN ENTERPRISES, INC. FOR INTEGRATED WASTE MANAGEMENT entered into on April 14, 1998 (collectively, the "Original Contract"); and WHEREAS, on December 1, 2000, City and Athens Services entered into an

AMENDED AND RESTATED CONTRACT AND FRANCHISE BETWEEN THE CITY OF GLENDORA AND ARAKELIAN ENTERPRISES, INC. FOR INTEGRATED WASTE MANAGEMENT (the "First Amended and Restated Contract") to amend and restate the Original Contract; and
WHEREAS, on December 1, 2006, City and Athens Services entered into a

FRANCHISE AGREEMENT BETWEEN THE CITY OF GLENDORA AND ARAKELIAN ENTERPRISES, INC.FOR INTEGRATED WASTE MANAGEMENT BY AND BETWEEN CITY OF GLENDORA AND ARAKELIAN ENTERPRISES, INC. D/B/A ATHENS SERVICES EFFECTIVE DECEMBER I, 2006 (the "2006 Contract"); and WHEREAS, on December 1, 2013, City and Athens Services entered into a nine (9) month extension of the FRANCHISE AGREEMENT BETWEEN THE CITY OF GLENDORA AND ARAKELIAN ENTERPRISES, INC.FOR INTEGRATED WASTE MANAGEMENT BY AND BETWEEN CITY OF GLENDORA AND ARAKELIAN ENTERPRISES, INC. D/B/ A ATHENS SERVICES EFFECTIVE DECEMBER 1, 2006 (the "2013 Contract Extension"); and WHEREAS, the parties entered into negotiations for a new agreement and now hereby desire to enter into the instant Agreement as more fully set forth below. 3 Item #21. Page 57
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NOW, THEREFORE, the parties hereto, in consideration of their respective mutual promises, agree as follows:

SECTION 1 - DEFINITIONS
General. Whenever any term used in this Agreement is defined in the Municipal Code of the City of Glendora ("Municipal Code") or Division 30, Part I, Chapter 2 of the California Public Resources Code, as they may be amended, the definition in the Municipal Code or Public Resources Code shall apply unless the term is otherwise defined in this Agreement.

A. AB 939
"AB 939" means the California Integrated Waste Management Act of 1989, codified in part as Public Resources Code Section 40000 et. seq., (including additional requirements implemented in response to AB 341) as it may be amended from time to time, and any regulations that may be adopted from time to time by any agency of the State of California to implement said Act.

B. Annual Report
"Annual Report" shall mean the Annual Report required by SECTION B7.H of EXHIBIT B of this Agreement.

C. Basic Rates
"Basic Rates" are those rates designated as such in EXHIBIT C plus the City established Franchise Fee. Basic Rates are subject to adjustment as set forth in EXHIBIT D.

D. Bulky Waste
"Bulky Waste" means large and small household appliances including items referred to as "brown goods" or electronic waste (including but not limited to refrigerators, toaster ovens, hair dryers and other electric-corded items, televisions, computer-related items, and cellular telephones), furniture, carpets, mattresses, hot water heaters and other similar items restricted for placement at curbside by single-family and multi-family (can or bin service) dwelling units only.

Bulky Waste does not include Green Waste, garbage, manure or significant construction and demolition materials.

E. City
"City" shall mean the City of Glendora, California, a municipal corporation.

F. City Clerk
"City Clerk" means the City Clerk of the City.

G. City Council
"City Council" means the City Council of the City.
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H. City Limits
"City Limits" means the existing boundaries of the City together with all subsequent amendments and changes thereto, which boundaries are shown by maps on file in the office of the City Clerk of the City.

I. City Manager
"City Manager" means the City Manager of the City or any person who the City Manager may from time to time designate to perform any of the functions of the City Manager under this Agreement.

J. Curbside Service
"Curbside Service" means a Residential Property Customer's placement of one or more residential solid waste container(s) adjacent to a street or public right of way for the express purpose of facilitating the collection of solid waste by Athens Services.

K. Customer
"Customer" means a person in charge of day-to-day activities at premises to which Athens Services is to provide services under this Agreement. In order for the City to carry out its obligations under applicable law, via a third party solid waste hauler and recycler, each customer is required to subscribe to the appropriate level of service provided under this Agreement. pursuant to Glendora Municipal Code Section 6.08.140.

L. Disposal Site
"Disposal Site" means a legally operated landfill or transformation facility ( e.g. waste to energy facility) which constitutes the ultimate destination site for Solid Waste and Green Waste.

M. Dwelling Unit
"Dwelling Unit" means a house, an apartment, a mobilehome. a group of rooms or a single room that is occupied or intended for occupancy as separate living quarters in which the occupants live and eat separately from any other people in the building and which have direct access from the outside of the building or through a common hall. A room or series of rooms that are part of a Dwelling Unit sharing a common address and not separately metered will not be deemed to be a separate dwelling unit.

N. Franchise Fee
"Franchise Fee" shall mean a fee in consideration of the City's grant of this Exclusive Franchise, and to partially offset City's expenses in administering its Solid Waste and recycling program, as well as the wear and tear on the city's streets and rights of way caused by the operations of Athens Services in performing this Agreement, but does not include any fee 5 Item #21. Page 59
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within the meaning of Public Resources Code § 41901 or within the scope of Government Code § 66016, as currently and as hereafter amended.

0. Graffiti
"Graffiti'. means and includes any unauthorized inscription, word, figure, mark, adhesive sticker or design that is written, marked, etched, scratched, drawn, or painted on real or personal property.

P. Green Waste
''Green Waste" shall mean leaves, grass clippings, brush, branches, limbs and other forms of organic materials generated from landscapes or gardens, and incidental pieces of scrap lumber no longer than twenty-four inches (24") long, separated from other Solid Waste. "Green Waste" includes Christmas trees but does not include stumps or branches exceeding three inches (3 11
) in diameter or three feet (3 ') in length, or palm fronds, yucca leaves or cactus, which are not suitable for composting.

Q. Green Waste Bundle
"Green Waste Bundle" shall mean tree, shrub and brush trimmings which are securely tied together forming an easily-handled package not more than three feet (3') long or thirty-five pounds in weight, tied with a compostable material.

R. Hazardous Waste
"Hazardous Waste" means any hazardous or toxic substance, material or waste which is regulated by any local governmental authority, the State of California, or the United States Government. The term "Hazardous Material" includes, without limitation, any material or substance which is: (i) petroleum or oil or gas or any direct or derivate product or byproduct thereof; (ii) defined as a "hazardous waste," "extremely hazardous waste" or "restricted hazardous waste" under Sections 25115, 25117 or 25 I 22. 7, or listed pursuant to Section 25140, of the California Health and Safety Code, Division 20, Chapter 6.5 (Hazardous Waste Control Law); (iii) defined as a "hazardous substance" under Section 253 I 6 of the California Health and Safety Code, Division 20, Chapter 6.8 (Carpenter-Presley-Tanner Hazardous Substance Account Act); (iv) defined as a "hazardous material," "hazardous substance," or "hazardous waste" under Sections 25501 (i) and (k) and 25501. I of the California Health and Safety Code, Division 20, Chapter 6.95 (Hazardous Materials Release Response Plans and Inventory); (v) defined as a "hazardous substance" under Section 25281 of the California Health and Safety Code, Division 20, Chapter 6.7 (Underground Storage of Hazardous Substances); (vi) "used oil" as defined under Section 25250.1 of the California Health and Safety Code; (vii) asbestos; (viii) listed under Chapter I I of Division 4.5 of Title 22 of the California Code of Regulations, or defined as hazardous or extremely hazardous pursuant to Chapter 10 of Division 4.5 of Title 22 of the California Code of Regulations; (ix) defined as waste or a hazardous substance pursuant to the Porter-Cologne Act, Section 13050 of the California Water Code; (x) designated as a 0 toxic pollutant" pursuant to the Federal Water Pollution Control Act, 33 U.S.C. Section 13 I 7; (xi) defined as a "hazardous waste" pursuant to the Federal Resource Conservation and Recovery Act, 42 U.S.C. Section 6901, et seq. (42 U.S.C. § 6903); (xii) defined as a "hazardous substance" 6 Item #21. Page 60
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pursuant to the Comprehensive Environmental Response, Compensation and Liability Act, 42 U.S.C. Section 9601, et seq. (42 U.S.C. § 9601); (xiii) defined as "Hazardous Material" pursuant to the Hazardous Materials Transportation Act, 49 U.S.C. Section 5101, et seq. or (xiv) defined as such or regulated by any "Superfund" or "Superlien" law, or any other Federal, State or local law, statute, ordinance, code, rule, regulation., order or decree regulating, relating to, or imposing liability or standards of conduct concerning Hazardous Materials and/or oil wells and/or underground storage tanks and/or pipelines, as now, or at any time hereafter, in effect. Where there is a conflict in the definitions employed by two or more agencies having jurisdiction over hazardous or solid waste, the tenn "Hazardous Waste" shall be construed to have the broader, more encompassing definition.

S. Materials Recovery Facility (MRF)
"Materials Recovery Facility" or "MRF" shall mean a facility permitted by the California Integrated Waste Management Board which accepts solid waste for the purpose of recycling. The residual is consolidated and transported to a Disposal Site.

T. MRF Gate Fee
"MRF Gate Fee" means the total dollar amount of the tipping fee, MRF processing fee and any other duly authorized charges, assessments and taxes levied against Athens Services for the disposal of Solid Waste, as defined in EXHIBIT D of this Agreement.

U. Non-Residential Property
"Non-Residential Property" means any property other than residentially developed property.

V. Recyclable Material
"Recyclable Material" shall mean a commodity with value, which may be sold or given away. In either instance: (I) the Recyclable Materials must be segregated from and not mixed with Solid Waste; and (2) the seller/donor may not pay the buyer/donee (other than Athens Services) any consideration for collecting, processing or transporting such Recyclable Materials, or as a consulting fee for recycling services. A discount or reduction in price for collection. disposal and/or recycling services for any form of unsegregated or segregated Residential Solid Waste is not a sale or donation of Recyclable Materials and does not qualify for this exception. All Recyclable Material that is discarded into the waste stream loses its character as a Recyclable Material and becomes Solid Waste subject to this Agreement. 7 Item #21. Page 61
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W. Recyclable Solid Waste
11Recyclable Solid Waste" means that part of the Solid Waste stream which can become Recyclable Material and which has been source-separated from other fonns of Solid Waste.

Recyclable Solid Waste can include paper, metal, plastic, glass and construction and demolition materials such as concrete, dry wall and asphalt, organic materials including Green Waste, wood and other Recyclable Solid Wastes as appropriate.

X. Refuse
11Refuse 11 means any trunk or limb of a tree, asphalt, concrete, construction material and waste, demolition material, and dirt. Refuse does not include tree limbs and branches in a Green Waste Bundle or bags and boxes.

Y. Residential Property
"Residential Property" means a detached house, each unit of a multi-family dwelling and shall also include mobile home parks within the City, but not nursing homes or convalescent centers, barracks, dormitories or other similar places or institutions.

Z. Solid Waste
"Solid Waste" means all putrescible and nonputrescible solid and semisolid wastes, including garbage, manure, Refuse, and rubbish. Solid Waste includes Bulky Waste, Green Waste Bundles and Recyclable Solid Wastes. Solid Waste does not include any Special Waste.

AA. Special Waste
"Special Waste" means all the items and materials which are set forth in EXHIBIT A, which is attached, and, by this reference, is incorporated into this Agreement.

BB. Transfer Fee
"Transfer Fee" means the payment of an amount by Athens Services to the City to reimburse the City for its investigative, administrative, consulting, legal counsel, advertisement and other related time and expenses incurred in the processing of an application for approval of the transfer of the Franchise and Contract.
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CC. Transfer Station
"Transfer Station" means a facility permitted by CalRecycle (fonnerly California Integrated Waste Management Board), which accepts solid waste for the purpose of consolidated and transportation efficiency to an ultimate disposal site.

SECTION 2 - SERVICE AREA
A. Franchise Service Area
Athens Services shall provide the services required under this Agreement to all properties within the City Limits. This Agreement shall be exclusive to Athens Services.

SECTION 3- SERVICES PROVIDED BY ATHENS SERVICES
A. Description of Services
Athens Services shall make arrangements for the collection, MRF processing, recycling and disposal of the non-recyclable residuals of all Solid Wastes, including Recyclable Solid Wastes and Green Wastes, for all property described in SECTION 2, except for property within the jurisdiction of other public entities (ie, Glendora Unified School District, Charter Oak Unified School District, etc.) according to the terms set forth in this Agreement, including, but not limited to EXHIBIT B (which is attached, and which, by this reference is incorporated into this Agreement), the applicable requirements of Chapter 6.08 of the Municipal Code and all other applicable federal, state or local laws and regulations currently in effect on the date of this Agreement, and reasonable industry standards for similar Solid Waste services in similar cities in Southern California.

B. Street Sweeping Services
Street sweeping services shall be provided at no charge to the City for all residential streets, alleys, designated public parking lots and all commercial streets. The street sweeping schedule is set forth in Exhibit Hand made a part hereof. The schedule may be amended from time to time with the prior written consent of the City and Athens Services. All street sweeping shall conform to all applicable city, county, state, and federal regulations currently in effect on the date of this Agreement.

C. Mandatory Customer Service
Athens Services shall provide, and all premises within the Franchise Service Area shall subscribe to and accept the services provided pursuant to this Agreement. City shall enforce the Glendora Municipal Code as it relates to Solid Waste regular collection and removal services in accord with § 6.08.260, Prohibited Public Nuisance.

D. Vehicles and Eguipment
Athens Services shall furnish, at its own expense, an adequate number of vehicles and equipment required to perform the services required under this Agreement. The vehicles 9 Item #21. Page 63
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used in the collection of solid waste shall be of a covered type which compresses the load hydraulically, mechanically or by some equivalent means and no vehicle shall be more than twelve (12) years old. All vehicles used by Athens Services under this Agreement shall be registered with the Department of Motor Vehicles of the State of California, shall meet all applicable safety standards, shall be kept clean and in good repair, shall be uniformly painted, and shall visibly display Athens Services name, telephone number and vehicle number in letter and figures no less than five inches (5") high and no more than eight inches (8") high. Solid Waste and Green Waste collection vehicles shall be washed at least once every seven (7) calendar days and shall be odor free.

All equipment used by Athens Services under this Agreement shall be subject to inspection by all applicable jurisdictional agencies, including but not limited to the Los Angeles County Health Officer or the officer's deputies and California Highway Patrol, shall comply with all regulations imposed by any applicable Los Angeles County ordinance, shall be subject to inspection by City on a semi-annual basis, and shall comply with all applicable local, state and Federal laws and regulations currently in effect on the date of this Agreement. All front loader trucks used by Athens Services under this Agreement shall be powered by compressed natural gas (CNG), liquid natural gas (LNG), or any other clean fuel meeting or exceeding the standards for clean fuels established by the South Coast Air Quality Management District; provided, however, that Athens Services will place the order for such front loader trucks within ten (10) days after execution of this Agreement and Athens Services will not be required to comply with this sentence until such trucks are delivered by the manufacturer and placed in service, or until nine (9) months after execution of this Agreement, whichever occurs first.

E. Repair of Damaged Pavement
Any identifiable damage to the paved surfaces of public rights-of-way or private streets that directly results from the weight or operation of vehicles which provide Solid Wastes collection services pursuant to this Agreement shall be repaired or replaced by Athens Services, at Athens Services' sole expense, within thirty (30) days after receiving a notice to repair the public right-of-way from the City or a complaint about damage to a private street from any person who owns or is in lawful possession of real property that has access to the private street, provided that Athens Services determines that the damage was the direct result of the weight or operation of any of its vehicles. In the event that Athens Services does not undertake repairs, the exclusive remedy of City or of the complainant shall be a civil action.

F. Repair of Damaged Property
Any physical damage caused by the negligent or willful acts or omissions of officers, employees, servants or agents of Athens Services to private or City property or City rights-of-way shall be repaired or replaced by Athens Services, at Athens Services' sole expense, within thirty (30) days after receiving a notice to repair City property or City rights-of-way from the City or a complaint about damage to private property from any person who owns or is in lawful possession of such property.

IO
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G. City Facilities/Community Events Collection
City Facilities - Athens Services shall collect and dispose of all Solid Waste, Green Waste, and compostables generated at premises owned and/or operated by the City. Athens Services shall make collections from cans Monday through Friday or on Saturdays following non-working holidays earlier in that week at the frequency set out in EXHIBIT E. Commercial (bin) and industrial "roll-off' collections shall be scheduled as designated by the City. The facilities to be provided service initially, together with the type and frequency of service, are listed in EXHIBIT E, which may be modified or expanded by the City.

City-Sponsored Events - City may request free bins, litter boxes and liners, and pick up and disposal or diversion services, for up to twenty (20) community events per year sponsored at least in part by the City as designated by the City Manager.

The services required by this Section G shall be provided by Athens Services or its subcontractors at no additional charge to the City.

H. Sharps
Beginning September I, 20 I 4, Athens Services shall provide containers for the safe collection and disposal of Sharps and Infectious Waste to single and multi-family (can or bin service) residents as needed. "Sharps" include, but are not limited to, hypodermic needles, pen needles, intravenous needles, lancets, and other devices that are used to penetrate the skin for the delivery of medications or medical testing. Athens Services will deliver containers to residents' door within one week of a Customer's request, either by mail or drop-off. Company shall provide as many containers as requested and as may be reasonably personally used by residents at no additional charge to City, program participants or ratepayers. Sharps containers shall be pre-paid mail back containers. Athens Services may, but shall not be required to, additionally offer for door-to-door collection of such containers through the HHW program.

Company will develop and distribute public education materials to promote this program, including promoting this program through its website and other outreach activities targeting seniors. "Infectious Waste" means waste capable of producing an infection or pertaining to or characterized by the presence of pathogens including, but not limited to, certain wastes generated by medical practitioners, hospitals, nursing homes, medical testing labs, mortuaries, taxidermists, veterinarians, veterinary hospitals and medical testing labs and any waste that includes animal waste.

I. Electronic Waste Collection
Electronic Waste, or "e-waste" and select universal wastes shall be collected through the bulky item collection program, as described in Section 4.A. IO of this Agreement, at no additional cost to City or rate payers. E-waste to be collected includes, but is not limited to:
televisions; computers and monitors; small appliances (toasters, hairdryers, etc.); and mobile telephones and similar devices. Universal wastes to be included are household batteries and florescent bulbs (tubes and compact florescent bulbs "CFLs").

J. HHW Program
I 1
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Beginning September I, 2014, at no extra charge to the customers, Athens Services will provide Household Hazardous Waste, or HHW, collection to single and multifamily residents at Residential Properties located in City. Athens Services will provide HHW collection up to three times per year. Athens Services shall advise residents of a point of collection away from the street, curb or gutter, such as a porch.

Materials collected will include. at a minimum, the following:
• Garden Chemicals (such as fertilizer, insect sprays, weed killers, and other poisons);
• Swimming Pool Chemicals (such as pool acid and liquid and tablet chlorine);
• Automotive Waste (such as motor oil, antifreeze, waxes, polishes, cleaners, brake fluid, gasoline, used oil filters, oily rags, transmission fluid, windshield washer fluid, hydraulic fluid, and automotive batteries);
• Paint Products (such as oil-based. latex and spray paints, stripper, stains, caulking, wood preservatives, glue; and thinner);
• Household Cleaners (such as bleach, cleaning compounds, floor stripper, drain cleaner, tile remover, tile cleaners, and rust remover); and, • Miscellaneous Household Waste (such as household batteries, fluorescent tubes, thermometers, hobby glue, artist's paint, and non-controlled pharmaceuticals).

Athens Services may provide educational material directing residents to dispose of electronic waste through the bulky item program and Sharps through the Sharps program.

Athens Services shall be required to send a public outreach piece to all Residential Dwelling units at the beginning of the program with a program description, the start date, materials to be collected, and instructions on how to call in for a pickup.

K. Walk-Out Service for Disabled
At no additional charge, Athens Services shall provide disabled residents with walk-out service. Athens Services will remove refuse, recyclable and green waste containers and green waste bundles from resident's storage area, place them out for collection, and return containers to resident's storage area after collection, ensuring that all doors or gates are closed securely. In order to qualify as disabled under this section, residents must have been issued a handicap placard from the Department of Motor Vehicles, provided a letter from a medical doctor indicating the disability, or otherwise obtained approval to receive such service from the City. Additionally, walk-out service need not be provided if an able-bodied person resides with the disabled resident.

L. Graffiti Removal
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At no additional charge, Athens Services shall provide Graffiti Removal Services for the removal of graffiti in the City of Glendora specified as follows:

Graffiti Removal Services shall be provided six (6) days per week, Monday through Saturday, excepting New Years Day, Presidents Day, Memorial Day, Independence Day, Labor Day, Thanksgiving Day, and Christmas Day, upon twenty four (24) hours of notification by the City, in order to meet the City's goal to have at least ninety percent (90%) of graffiti removed within 24 hours of being reported and one hundred percent (I 00%) of graffiti removed within 48 hours of being reported or identified.

In certain public safety "Hot Spots", Athens Services shall use commercially reasonable efforts to remove graffiti within twelve (12) hours of notification by the City's Police Chief or his designee. Hot Spots is an area where graffiti has been placed by gangs, and/or graffiti involving hate crimes and/or inflammatory graffiti.

City shall manage a 24 hour graffiti removal hotline service. This service is currently operational and will continue through the duration of this Agreement. Athens Services shall be given 24 hour access to the hotline to secure the list of locations received through that system.

Athens Services shall have the ability to access the hotline, and will monitor it for reported locations on a daily basis. The City manages a dedicated e-mail address whereby citizens may report graffiti incidents. These requests will be forwarded to an e-mail address specified by Athens Services. Athens Services shall monitor the e-mail messages on a daily basis.

Graffiti Removal Services must be provided on all surfaces within commercial, residential, industrial and public prope1ties including street signs, bus benches, and park facilities. Athens Services shall provide the graffiti removal from all surfaces, including porous and non-porous surfaces. Upon the City's approval, Athens Services may utilize sacrificial coatings to facilitate removals on unpainted surfaces. For painted surfaces, Athens Services shall provide color matching.

Athens Services shall maintain the resources, personnel, and equipment necessary to manage the level of service required by the City. Athens Services shall submit a work plan within thirty (30) days of the effective date of this Agreement for review and approval by the City Director of Public Works and Police Chief.

M. Bus Stop Maintenance
Beginning September 1, 2014, Athens Services will provide maintenance of the City's bus stops in accordance with the following specifications. Exhibit I lists the existing and proposed shelters, benches, trash receptacles, sidewalks and gutters locations to be maintained within the City of Glendora by Athens Services.

All maintenance service time periods shall be subject to the approval of the City and arranged to cause the least inconvenience to transit users.

Athens Services shall furnish all labor, materials, water, equipment and services required to perform the bus stop maintenance as set forth in this specification:
13 Item #21. Page 67
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1. Athens Services shall be responsible for trash removal and the replacement of trash bags in all trash receptacles at each location three times per week: Monday, Wednesday and Friday. Debris, trash, and associated undesirable items, etc. shall be removed from the site area and disposed of legally and properly to the Citf s satisfaction at Athens Services' expense. The site area includes all areas within twenty-five (25) feet of the outer edges of all the bus stop furniture and only that property which is part of the public right-of-way.

2. Every Monday (unless such is a Federal holiday, then on Wednesday), Athens Services shall clean all interior and exterior visible metal and concrete surfaces, taking care not to damage any of the finishes. Athens Services shall also clean all glass & Plexiglas surfaces for any and all bus shelters. Athens Services shall use a dry cleaning method (i.e., no pressure washing) as well as a mop, broom, or rag to clean the entire bus stop/shelter (including but not limited to bus furniture, shelter structure, trash receptacles and signs) and area within a 5-foot radius from all sides of bus furniture, shelter structure, trash receptacles and signs, including sidewalks, curbs and gutters, including but not limited to removal of all debris such as_bottles, cans, papers, glass, dirt, etc., to a condition that is broom-clean. Adjacent areas shall be protected by Athens from over-spray, dust, and similar effects of the cleaning operations.

3. The first week of the months of March, June, September, and December, Athens Services shall use high-pressure water spray on metal and concrete surfaces. All debris that is accumulated due to this operation shall be cleaned up and disposed of at the time such operation takes place. Clean all other surfaces on which graffiti is to be removed with a cleaner and/or method approved by the City. In accordance with best management, practices (BMP) the following guidelines must be used when pressure washing:
a. Prior to any washing, block all storm drains with an impervious barrier such as sandbags or berms, or seal the storm drain with plugs or other appropriate materials (and clean accumulated debris and remove blocking materials when finished); b. Create a containment area with berms and traps or take advantage of a low spot to keep wash water contained; and
c. Use vacuums or other machines to remove and collect loose debris or litter before applying water.
d. Use applicable commercial and regulatory best practices and procedures.

4. Athens will use a Hydro Tee SCU Pro Tow Wash to perfonn the service on the bus stops described in this Section 3.M. Related specifications are set forth on Exhibit J hereto.

5. Emergency call out - Athens Services must respond within 4 hours of receiving emergency requests for services.

N. Composting Bin Sale
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Athens Services shall provide composting bins and worm bins for sale to the customers served pursuant to this Agreement. The City shall determine the type of bin to be sold and the reduced price to be charged to the residents. Athens shall deliver the bins within seven (7) business days. Composting literature, to be provided by the City to Athens, must be delivered by Athens along with each bin. The balance of costs shall be paid out of the Environmental Administrative Fee in Exhibit C.

0. Annual Compost Give-away
Athens Services shall provide compost give-away to Customers on a semi-annual basis on dates, times and locations to be agreed upon by the City and Athens Services.

P. Emergency Collection Services
At rates to be agreed to by Athens Services and City, Athens Services will assist City at City Manager's request with emergency collection, processing and disposal service (in the event of major disaster, such as an earthquake, storm, riot or civil disturbance), or as otherwise determined necessary by City Manager, by providing collection equipment and drivers normally assigned to City.

Q. Transition Assistance
Prior to and at the end of the term, or in the event this Agreement is terminated for cause prior to the end of the term, Athens Services shall cooperate fully with City and any subsequent solid waste enterprise it designates to assure a smooth transition of solid waste handling services.

Athens Services' cooperation shall include, but not be limited to, providing route lists, billing information and other operating records needed to service all premises covered by this agreement. Cooperation is required in a timely manner to assist with the City's preparation of a request for proposals or a new agreement, as well as at the time of transition. 15 Item #21. Page 69
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SECTION 4 - METHODS OF COLLECTION AND PROCESSING
A. Methods of Collection Services

1. Residential Solid Waste - Services to be Performed
Once each week, Athens Services shall separately collect from Residential (single and multi-family) Properties Solid Waste and Green Waste, which have been placed at curbside in barrels, containers or, in the case of Green Waste, Green Waste Bundles, prior to normal collection time on collection days.

Customers that regularly set out more than the equivalent of ten (10) 33-gallon barrels shall be charged double the RC 1 rate set forth in EXHIBIT C.

2. Multi-Family Bin, Commercial, and Industrial Solid Waste As frequently as requested by the Customer, but not less often than once per week, Athens Services shall collect from each premises not serviced under Section 4.A. l above (including, but not limited to commercial, industrial and governmental customers, and multifamily customers with that receive refuse collection using bins) where Solid Waste is generated or accumulated, all Solid Waste, which has been placed in bins provided by Athens Services at a location on the premises designated by the Customer prior to Athens Services' normal collection time on each collection day. Athens Services shall post all its bins in the City with conspicuous warning notices to the effect that the disposal of Hazardous Waste in bins is dangerous and is prohibited.

Athens Services shall maintain its bins used in the City free of "tagging" or graffiti; graffiti shall be removed within two business days of notice from City or Customer provided to Athens, or observation by Athens Services' driver. See Exhibit B, Section Bl 5.3.E for liquidated damages. Athens Services shall maintain all containers in working order, and shall repair or replace any non-functioning container within two business days of notification of damage or disrepair.

Athens Services shall clean all of its bins used to serve the City's customers on an as needed basis., with one cleaning or container exchange provided for each bin at no additional charge once per calendar year. For additional cleanings, or exchanges for the purpose of obtaining a clean bin, Athens Services may charge customers in accordance with the approved rate schedule (Exhibit C)

3. Containers for Solid Waste and Green Waste
Residential Customers, and not Athens Services, shall provide their own barrels, wheeled carts, bags or other containers suitable for the temporary accumulation and collection of Solid Waste and Green Waste. Athens Services shall provide City with labels, approved by Athens Services, for use by Residential Customers to identify the Customer's barrels used for Green Waste. Athens Services shall provide wildlife tamper proof barrels or cans at customers cost to customers upon their request.
16 Item #21. Page 70
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Athens Services shall provide bins to those Customers requiring the use of bins.

Non-Residential Customers not requiring the use of bins shall provide their own barrels, wheeled carts, suitable for the temporary accumulation and collection of Solid Waste and Green Waste.

4. Solid Waste Not Placed in Approved Containers
Athens Services may refuse to collect Solid Waste and Green Waste. other than Bulky Waste, which has not been placed in approved containers, barrels, bins, bags or Green Waste Bundles. If Athens Services refuses to collect Solid Waste, including Green Waste, pursuant to this Section, Athens Services shall make a record of such refusal and place a tag on the materials not collected which states the reason for the Athens Services' refusal to make the collection and provide a copy of the record to the City on a monthly basis.

5. Collection Time
Athens Services shall not perform collection services between the hours of 6:00 p.m. and 6:00 a.m., Monday through Saturday. No collection services are to be performed on Sunday. Collection service hours are subject to change by mutual written consent of the City Manager and Athens Services.

6. Collection Routes
Athens Services shall perform all collection services over routes established by Athens Services. Athens Services acknowledges City's interest in easing traffic congestion and for that reason agrees to submit proposed route changes to City, and to consider City's comments prior to making route changes. City and Athens Services will work together to adjust route starting points or other route issues to accommodate customer requests.

7. Collection on Holidays
If the day of collection on any given route falls on a designated legal holiday or on any other legal holiday observed by the lawful Disposal Site, MRF and transfer station to which Solid Waste or Green Waste collected under this Agreement are taken, Athens Services shall provide collection service for such route on the next work day following such holiday and shall not provide collection service on such holiday. Designated legal holidays are: New Year's Day, Memorial Day, Independence Day, Labor Day, Thanksgiving Day and Christmas Day.

8. Collection Standards
All collections shall be made as quietly as reasonably possible under the circumstances and no unnecessary noise or commotion shall be made in the course of collection.

Athens Services shall place barrels, cartons and other Solid Waste containers, including Green Waste, at curbside after the contents have been collected.

9. Roll-off and Lowboy Bins
On the first collection day that occurs after the day on which a Customer's request is received by Athens Services, Athens Services shall deliver requested roll-off bins (including 17 Item #21. Page 71
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30 yard and 40 yard bins) and lowboy bins (10 yard) to the Customer's residential or NonResidential Property. Each bin shall be marked to identify Athens Services and shall have a reflector not less than four (4) inches in diameter permanently affixed to each of the four corners of the two narrowest sides of the bin. Athens Services shall post all its roll-off and lowboy bins in the City with conspicuous warning notices to the effect that the disposal of Hazardous Waste in bins is dangerous and is prohibited. In the event the bin needs to be deposited on City property (ie. City street), Athens Services shall notify the City and the customer shall obtain from City the applicable Temporary Encroachment Permit or a Temporary Placement on Street Permit for the bin.

10. Bulky Waste
Athens Services shall collect Bulky Waste generated at a Customer's premises and left at Customer1
s point of collection on the Customer's regular collection day at no extra charge to the Customer. There shall be a limit of four (4) cubic yards of Bulky Waste that a Customer may have collected on any regular collection day but there shall be no limit on the number of regular collection days that Bulky Waste can be set out for collection. At the request of the City, Athens Services shall pick up bulky waste left in the City right of way or City property.

11. Special Waste
Athens Services shall not knowingly collect, transport or dispose of Special Waste (for list refer to EXHIBIT A).

12. Christmas Trees
Athens Services shall collect Christmas trees set out for collection. Christmas trees set out for collection must be free of decorations and flocking and must have stands removed. Christmas tree collections shall begin on the first collection day after December 25th and shall continue for two weeks thereafter. Athens Services shall provide Christmas tree collections from City facilities and both single and multi-family Customers, whether refuse bin or can customers, at no additional charge to the City or Customer. Athens Services shall divert all trees collected from landfilling, with an exception for trees with decorations or flocking.

Athens Services shall publicize this service via its website and through billing messages.

13. Scout and Push-Out Service
If it is operationally required to use a smaller "scout" vehicle to transport a bin from its storage location to the point of collection, or if the customer requests that such a scout vehicle be used, then Athens Services may charge customer a scout fee in accordance with the approved rate schedule. Customers may not be charged for ''push-out" services, if the bin is manually positioned for collection.

14. Locking Lid Fees
If a Customer requests that Athens Services provide a lock for its bin(s), Athens Services may charge Customers a monthly locking lid fee based on the number of pickups in 18 Item #21. Page 72
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each month in accordance with the approved rate schedule (see Exhibit C). No one-time fees for the lock or set up may be assessed.

15. Abandoned Bulky Item Collection
Athens Services will collect, process and dispose of, at no additional charge, within one business day of notification from City or customer, or company observation, all Bulky Items left in the City"s right-of-way, such as sidewalks, alleys, streets, and parkways.

16. Dedicated Routes
Solid waste collected in the City may not be commingled in collection vehicles with solid waste from other jurisdictions, unless the City approves in writing of the specific commingled routes and the tonnage allocation method to be used.

B. Materials Recovery Facility {MRF) Processing
All Solid Waste collected by Athens Services pursuant to this Agreement shall be processed through an Athens Services' Materials Recovery Facility (the site currently used is located at 14048 Valley Boulevard, City of Industry, California) in order to maximize the diversion of Solid Waste from landfilling or disposal at a transformation facility sufficient to satisfy the City's AB939 requirements and all other applicable regulations currently in effect on the date of this Agreement. Athens Services shall assist Customers in complying with the Construction and Demolition Waste Management requirements of Glendora Municipal Code Chapter 6.09, including but not limited to providing Customers with invoices and/or other documentation evidencing the amount of construction and demolition waste diverted pursuant to Glendora Municipal Code Section 6.09. 100.

C. Right to Impound
In the event an unauthorized provider of solid waste services sets out bins anywhere in the City, in violation of the exclusivity provision set forth in Section 2.A of this Agreement, the City shall delegate to Athens Services the authority to remove and impound such bins pursuant to the Municipal Code.

D. Minimum Diversion Requirement
Athens Services shall divert from landfills an amount necessary for the City to achieve the legally mandated minimum by the State of California; provided, however, that notwithstanding any other provision of this Agreement, Athens Services shall not be required to achieve a diversion rate in excess of 75% without an appropriate increase in rates to be agreed upon by Athens Services and City. Recycling of materials not collected by Athens Services is counted towards meeting this requirement. For the purposes of this section, diversion includes recycling, transformation and other forms of converting solid waste into energy to the extent that such diversion is accepted by the State toward meeting the City's diversion goal under AB 939.

However, if CalRecycle ceases to accept solid waste used as alternative daily cover at landfills as diversion, there will be no adjustment to compensation or the minimum Diversion rate due to this limitation.
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E. Construction and Demolition Debris
Athens Services guarantees that each individual construction or demolition project that falls under Title 6, Chapter 6.09 of the Municipal Code meets the 50% City requirement per the Code. Athens Services will consult with construction and demolition debris Customers to assist in project diversion planning.

F. Missed Pickups
Athens Services shall make up any missed pickup the same day if notified prior to noon, and the next business day if notified after noon.

G. Disposal Facility
Subject to the provisions of Section B6, the disposal facilities approved for use under this agreement is the Mid Valley Landfill, Victorville Landfill and San Timoteo Landfill in the San Bernardino County Landfill System.

SECTION 5 - FEES FOR SERVICES
The rates for services to be performed pursuant to this Agreement are set forth in EXHIBIT C, which is attached and, by this reference, incorporated into this Agreement. The rates set forth in EXHIBIT C shall be adjusted as set forth in EXHIBIT D, which, too, is attached and, by this reference, incorporated into this Agreement.

Except as expressly authorized in this Agreement, Athens Services shall not make any charges to Customers served under this Agreement. The Basic Rates set forth in EXHIBIT C, as they may be adjusted from time to time, include the cost of any collection of Bulky Waste by Athens Services. The non-Basic Rates set forth in EXHIBIT C, as they may be adjusted from time to time, are for services not included within the Basic Rates.

A. Basic Rates
The Basic Rates for services to be performed pursuant to this Agreement are set forth in EXHIBIT C, which is attached and, by this reference, incorporated into this Agreement.

The Basic Rates set forth in EXHIBIT C shall be adjusted as set forth in EXHIBIT D, which, too, is attached and, by this reference, incorporated into this Agreement.

B. City Billing and Collection Responsibility
Other than as set forth in this Agreement or in the Municipal Code, the City shall have no responsibility for billing or collection of any of the Rates for any of the services performed by Athens Services pursuant to this Agreement.

C. Athens Billing and Collection Responsibility
Athens Services shall bill and collect all Rates for all services performed by Athens Services pursuant to the terms of this Agreement in the City limits for which the 20 Item #21. Page 74
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Customer is required to pay for service pursuant to Chapter 6.08 (Solid Waste) of the Glendora Municipal Code pursuant to the rate schedule listed in Exhibit C. Athens Services shall remit to City the Franchise Fee and Environmental Administrative Fee billed and collected pursuant to the rate schedule listed in Exhibit C.

Applicable commercial accounts may be billed monthly on the first day of each month for that month's service, and residential accounts may be billed quarterly in advance.

Payment terms for accounts billed monthly by Athens Services are net thirty (30) days. Payment terms for accounts billed quarterly by Athens Services are net ninety (90) days. Customer payments not received upon completion of service are considered delinquent. Late fees at 1- 1 /2% per month will be assessed on all delinquent balances. If said delinquent payments are not received within thirty (30) days, Athens Services may stop services and refer the respective premise to the City for public nuisance enforcement pursuant to § 6.08.260. A notice/warning of a pending stop service will be prepared by Athens Services and delivered to the delinquent account owner and premise no less than seventy-two (72) hours prior to the service stoppage. If no payment by delinquent Customer is made to Athens Services within fifteen ( 15) days after referral to the City for code enforcement purposes, the account may be cancelled by Athens Services, the Customer's security deposit, if any, may be credited against the past due balance, and any remaining balance due Athens Services will be considered a bad debt and may be submitted by Athens Services to a collection agency.

Athens Services shall have the sole responsibility to collect at its expense from all Customers billed pursuant to this Agreement.

D. Franchise Fee
The City Council shall establish a Franchise Fee by Resolution to be effective at the commencement of the term of this Agreement and to run concurrently with any rate adjustment, pursuant to EXHIBIT C. The established Franchise Fee shall be paid by Athens Services to City within 30 days of collection of the Rates from the customers by Athens Services.

E. Environmental Administrative Fee
Athens Services shall pay to the City an Environmental Administrative Fee as set forth in EXHIBIT C. The Environmental Administrative Fee is associated with the cost of managing and responding to comprehensive waste stream collection and disposal including, without limitation, MS4 permits, third-party contract oversight, community awareness programs and Glendora Municipal Code enforcement.

SECTION 6 - EFFECTIVE DATE AND TERM OF AGREEMENT
The term of this Agreement shall be for a period often (10) years, commencing September I, 2014 and ending at midnight on August 31, 2024; provided, however, (i) both City and Athens Services may contract to extend the term of this Agreement at any time and (ii) no later than eight (8) years from the date hereof, City and Athens Services will meet to discuss extending the term of this Agreement, understanding that the parties have no obligation to enter into another agreement when the term of this Agreement terminates. 21 Item #21. Page 75
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SECTION 7 - CITY CONSENT REQUIRED FOR TRANSFER OR CHANGE OF

CONTROL
A. Transfer
The Franchise granted by this Agreement shall not be transferred, sold, hypothecated, sublet or assigned (collectively "Transferred"), nor shall any of the rights, duties or privileges herein be transferred, either in whole or in pa11, nor shall title thereto, either legal or equitable, or any right, interest or property therein, pass to or vest in any person, either by act of Athens Services or by operation oflaw, without in each case the prior written consent of the City expressed in writing by resolution of the City Council.

The decision of the City Council shall be final. In the event of any unauthorized Transfer, City reserves the right to immediately terminate this Agreement.

B. Change in Control
Any change in control of Athens Services shall require the prior written consent of the City Council. "Change in control" shall mean any sale, transfer or acquisition of Athens Services. Any acquisition of more than fifty percent (50%) of Athens Services' holding stock by a person or group of persons acting in concert who already own less than fifty percent (50%) of the voting stock shall be deemed a change in control; provided, however, no change of ownership shall be deemed to have occurred if the person who, or each person in the group of persons acting in concert that, acquires the stock is a lineal descendant or a whole blood sibling of Ron Arakelian, Jr. or Michael Arakelian.

For purposes of this subsection, "lineal descendant" shall mean a child, grandchild or great-grandchild, whether by birth or by adoption. Any change in control of Athens Services occurring without City Council consent shall constitute a material breach of this Agreement.

C. Transfer Consent Process
Any request for a transfer of the obligations and rights under this Agreement or for a change in control of Athens Services shall be made in a manner prescribed by the City Council.

The written request shall include the Transfer fee, in an amount as set by the City Council, to cover all anticipated direct and indirect administrative costs including, but not limited to, City staff time, consultants and attorneys necessary to adequately analyze the application and transfer consent request. The Transfer fee shall not exceed fifteen thousand dollars ($ I 5,000) which amount may be increased annually by the City on July I st by the percentage by which the Consumer Price Index-All Urban Consumers-Los Angeles Metropolitan Area has increased during the period May through April over its level as of April 30th of the preceding year.

SECTION 8 - MISCELLANEOUS PROVISIONS
A. Independent Contractor
It is expressly understood and agreed that at all times in the performance of this Agreement, Athens Services shall be deemed to be an independent contractor, and all persons 22 Item #21. Page 76
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employed by Athens Services in connection with this Agreement shall be employees of Athens Services, and not employees of City in any respect. All work hereunder shall be done and perfonned to the satisfaction of the City Manager of City who shall from time to time have the right, as circumstances require, to issue reasonable orders, directions and instructions to Athens Services, having for their purpose the attainment of the results herein sought to be accomplished; provided however, that the means whereby such results are to accomplished shall at all-time be under the control of Athens Services. It is further understood and agreed that neither Athens Services, nor any employee of Athens Services shall be deemed to be an agent or employee of City. Athens Services, its agents, servants and employees shall not hold themselves out to be the agents or employees of City in any manner whatsoever. Athens Services shall not use the firm name containing any words implying municipal ownership.

B. No Joint Association
Nothing contained in this Agreement shall be deemed, construed or represented by the City or Athens Services to any third person to create the relationship of principal or agent, or of a partnership, or of a joint venture, or of any other association of any kind or nature between the City and Athens Services.

C. No Gratuities
Athens Services shall not, nor shall it permit any of its officers, employees, servants or agents to, request, solicit, demand or accept, either directly or indirectly, any additional compensation or gratuity for the collection of Solid Wastes, otherwise required to be collected under this Agreement beyond that provided for by this Agreement.

D. Anti-Discrimination Clause
In the performance of this Agreement, Athens Services shall not engage in discrimination in employment of persons because of the age, race, color, sex, marital status, national origin or ancestry, religion or physical handicap of such persons or for any other illegal reason.

E. Notices
Any notice to be given pursuant to this Agreement shall be in writing, and all such notices and any other document to be delivered shall be delivered by personal service or by deposit in the United States mail, certified or registered, return receipt requested, with postage prepaid, and addressed to the party for whom intended as follows:

TO: City of Glendora
1 I 6 E. Foothill Boulevard
Glendora, CA 91741-3380
Attn: City Manager
TO: Athens Services
c/o Arakelian Enterprises, Inc.

P.O. Box 60009
23 Item #21. Page 77
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Industry, CA 9 I 7 I 6-0009
Attn: Chief Operating Officer
Either party may, from time to time, by written notice to the other, designate a different address which shall be substituted for the one above specified. Notices, payments and other documents shall be deemed delivered and received upon receipt by personal service or upon the second (2nd) day after deposit in the United States mail.

Any notice or other writing required to be given by, or to, the City pursuant to this Agreement shall be given by, or to, the City Manager, except as otherwise expressly provided in the Agreement.

F. Entire Agreement
This Agreement constitutes the entire agreement of the parties concerning the subject matter hereof and all prior agreements or understandings, oral or written, are hereby merged herein. This Agreement shall not be amended in any way except by a writing expressly purporting to be such an amendment, signed and acknowledged by both of the parties hereto.

G. Interpretation
Should interpretation of this Agreement, or any portion thereof, be necessary, it is deemed that this Agreement was prepared by the parties jointly and equally, and shall not be interpreted against either party on the ground that the party prepared the Agreement or caused it to be prepared.

H. Waiver
No waiver of any provision of this Agreement shall be deemed, or shall constitute, a waiver of any other provision, whether or not similar, nor shall any such waiver constitute a continuing or subsequent waiver of the same provision. No waiver shall be binding, unless executed in writing by the party making the waiver.

I. Attorney's Fees
In the event any action, suit or proceeding is brought for the enforcement of, or the declaration of, any right or obligation pursuant to this Agreement or as a result of any alleged breach of any provision of this Agreement, the prevailing party shall be entitled to recover its costs and expenses, including reasonable attorney's fees, from the losing party, and any judgment or decree rendered in such a proceeding shall include an award thereof.

J Severance Clause
If any non-material provision of this Agreement shall for any reason be held to be invalid or unenforceable, the invalidity or unenforceability of such provision shall not affect the validity and enforceability of any of the remaining provisions of this Agreement. 24 Item #21. Page 78
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K Venue
This Agreement is made, entered into, and executed in Los Angeles County, California, and any action filed in any court or for arbitration for the interpretation, enforcement or other action of the terms, conditions or covenants referred to herein shall be filed in the applicable court that serves Los Angeles County.

L. Captions
The captions and headings of the various SECTIONs, subsections, paragraphs and subparagraphs of this Agreement are for convenience and identification only and shall not be deemed to limit or define the content of the respective SECTIONs and subsections hereof. 25 Item #21. Page 79
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IN WITNESS WHEREOF, the parties have caused this Agreement to be duly executed.

APPROVED AND ADOPTED this f.'3-/Lday of --;t7 ct , 2014. --~-u Y OF GLENDORA
26 Item #21. Page 80
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Flammable waste

EXHIBIT A

SPECIAL WAS TES
Containerized waste (e.g., a drum, barrel, portable tank, box, pail, etc.) Waste transported in a bulk tanker
Liquid waste
Sewage sludge
Waste from a pollution control process
Residue and debris from the cleanup of a spill or release of chemical substances, commercial products or any other Special Wastes
Contaminated soil, waste, residue, debris and articles from the cleanup of a site or facility formerly used for the generation, storage, treatment, recycling, reclamation or disposal of any other Special Wastes
Waste water
Explosive substances
Radioactive materials
Materials which have been exposed to highly infectious or contagious disease, except for the Sharps Waste identified in Section 3.H
Hazardous Substances or Hazardous Waste, except for Household Hazardous Waste identified in Section 3.1 and 3.J
Medical Waste, except for Sharps Waste and Infections Waste identified in Section 3(H) 27 Item #21. Page 81
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EXHIBITB

GENERAL PROVISIONS
SECTION B 1 - SECURITY BOND
Concurrently with execution of this Agreement, Athens Services shall deliver to City a performance bond or cash bond in the sum of the amount of One Hundred Thousand Dollars ($100,000.00), which secures the faithful performance of this Agreement, including, without limitation, payment of any penalty and the funding of any work to cure a breach of this Agreement, unless such requirement is waived by the City Council. The bond shall contain the original notarized signature of an authorized officer of the surety. The bond will be written on an annual basis, renewable by continuation certificate at the surety's sole option. Non-renewal of the bond by the surety, nor inability of Athens Services to replace the bond, will not in and of itself constitute a loss under the bond. Such bond shall be in the form of attached EXHIBIT G, naming the City as obligee. The condition of the bond shall be such that if Athens Services shall well and truly perform in accordance with the terms and conditions of this Contact, then the obligation shall be null and void; otherwise it shall remain in full force and effect. Alternatively, Athens Services may provide an irrevocable letter of credit in the same amount, drawn upon a financial institution, in a form acceptable to the City attorney. The letter of credit shall be the sole responsibility of Athens Services, and shall be released within thirty (30) days after both (i) the expiration of the term of this Agreement, or upon the earlier termination hereof; and (ii) Athens Services' satisfactory performance of all obligations hereunder.

A combination of these instruments, totaling $100,000, is acceptable.

SECTION 82 - INSURANCE
Athens Services shall procure and maintain during the entire term of this Agreement the following types of insurance, and shall maintain the following minimum levels of coverage, which shall apply to any claims which may arise from or in connection with Athens Services' performance hereunder or the actions or inactions of any of Athens Services' officers, agents, representatives, employees, or subcontractors in connection with Athens Services' performance.

The insurance requirements hereunder in no way limit Athens Services' various defense and indemnification obligations, or any other obligations as set forth herein.

A. Minimum Scope of Insurance
Coverage shall be at least as broad as:

1. The most recent editions of Insurance Services Office Commercial General Liability coverage ("occurrence" form CG 00 01 ).

2. The most recent editions oflnsurance Services Office form number CA 00 01 covering Automobile Liability, code 1 "any auto."
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B.

C.

3. Workers' Compensation insurance as required by the Labor Code of the State of California and Employers Liability insurance.

Minimum Limits of Insurance.

Athens Services shall maintain in force for the term of this Agreement limits no less than:

1. Comprehensive General Liability: Ten Million Dollars ($10,000,000) limit aggregate and Five Million Dollars ($5,000,000) limit per occurrence for bodily injury, personal injury and property damage.

2. Automobile Liability: Five Million Dollars ($5,000,000) limit aggregate and Five Million Dollars ($5,000,000) limit per accident for bodily injury and property damage.

3. Workers' Compensation and Employers Liability: Workers' compensation limits as required by the Labor Code of the State of California and Employers Liability limits of $1,000,000 per accident.

4. Pollution Legal Liability: Ten Million Dollars($ I 0,000,000) limit aggregate and Five Million Dollars ($5,000,000) limit per occurrence.

Deductibles and Self-Insured Retentions
Any deductibles or self-insured retentions must be declared to and approved by City. At the option of City, either: the insurer shall reduce or eliminate such deductibles or self-insured retention's as respects City, its officials, employees and agents; or Athens Services shall procure a bond guaranteeing payment of losses and related investigations, claim administration and defense expenses.

D. Other Insurance Provisions
The policies are to contain the following provisions:

I. General Liability and Automobile Liability Coverages (a) City, its elective and appointive boards, commissions, officials, employees, agents and volunteers are to be named as additional insureds as respects: liability arising out of activities performed by or on behalf of Athens Services; products and completed operations of Athens Services; Premises owned, leased or used by Athens Services; or vehicles owned, leased, hired or borrowed by Athens Services. The coverage shall contain no special limitations on the scope of protection afforded to City, its elective and appointive boards, commissions, officials, employees, agents or volunteers.
(b) Athens Services' insurance coverage shall be primary insurance as respects City, its elective and appointive boards, commissions, officials, 29 Item #21. Page 83
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E.
employees, agents and volunteers. Any insurance or self-insurance maintained by City, its officials, elective and appointive boards, commissions, employees, agents or volunteers shall be excess of Athens Services' insurance and shall not contribute with it.
(c) Any failure to comply with reporting provisions of the policies shall not affect coverage provided to City, its officials, elective and appointive boards, commissions, employees, agents or volunteers.
(d) Coverage shall state that Athens Services' insurance shall apply separately to each insured against whom claim is made or suit is brought, except with respect to the limits of the insurer's liability.

2. Workers' Compensation and Employers Liability Coverage - The insurer shall agree to waive all rights of subrogation against City, its officials, elective and appointive boards, commissions, employees, agents and volunteers for losses arising from work performed by Athens Services for City.

Acceptability of Insurers
The insurance policies required by this Section shall be issued by an insurance company or companies authorized to do business in the State of California and with a rating in the most recent edition of Best's Insurance Reports of size category VII or larger and a rating classification of A- or better.

F. Verification of Coverage
Athens Services shall furnish City with certificates of insurance affecting coverage required by this clause. The certificates for each insurance policy are to be signed by a person authorized by that insurer to bind coverage on its behalf. The certificates are to be on forms provided by or acceptable to City and are to be received and approved by City before work commences. City reserves the right to require complete, certified copies of all required insurance policies, at any time.
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G. Companies and Subcontractors
Athens Services shall include all companies and subcontractors as insureds under its policies or shall furnish separate certificates for each company and subcontractor. All coverages for companies and subcontractors shall be subject to all of the requirements stated herein.

H. Delivery of Proof of Coverage
Simultaneously with the execution of this Agreement, Athens Services shall furnish City certificates of each policy of insurance required hereunder, in form and substance satisfactory to City. Such ce11ificates shall show the type and amount of coverage, effective dates and dates of expiration of policies. If City requests, copies of each policy shall also be promptly delivered to City.

Renewal certificates will be furnished periodically to City to demonstrate maintenance of the required coverage throughout the term.

I. Other Insurance Requirements

1. In the event any services are delegated to another company or subcontractor, Athens Services shall require such company or subcontractor to provide statutory workers' compensation insurance and employer's liability insurance for all of the company's or subcontractor's employees engaged in the work in accordance with this SECTION B2. The liability insurance required by this SECTION B2 shall cover all Athens Services companies or subcontractors or subcontractor must furnish evidence of insurance provided by it meeting all of the requirements of this SECTION B2.

2. Athens Services shall comply with all requirements of the insurers issuing policies. The carrying of insurance shall not relieve Athens Services from any obligation under this Agreement. If any claim exceeding the amount of any deductibles or self-insured reserves is made by any third person against Athens Services or any Athens Services company or subcontractor on account of any occurrence related to this Agreement, Athens Services shall promptly report the facts in writing to the insurance carrier and to City.

3. If Athens Services fails to procure and maintain any insurance required by this Agreement, City may take out and maintain, at Athens Services' expense, such insurance as it may deem proper and deduct the cost thereof from any moneys due Athens Services.

SECTION B3 -PUBLIC ACCESS TO ATHENS SERVICES
Athens Services shall maintain and publish a local telephone number and toll free number. Athens Services' regular office hours, at a minimum, shall be from 7:00 a.m. to 5:00 p.m. daily on all collection days that fall on a weekday, Monday through Friday. A designated representative of Athens Services shall be available via both telephone numbers and in person during regular office hours for communication with Customers. During all hours other than 31 Item #21. Page 85
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regular office hours, Athens Services shall provide the means by which Customers can call the local telephone number and leave a message. Within 90 days after the effective date of this Agreement, Athens Services shall implement an automatic and web based public access system for Customers.

SECTION 84 - CUSTOMER COMPLAINTS
A. Service Complaints
All Customer complaints shall be directed to Athens Services. Athens Services shall record all complaints received by mail, internet, telephone or in person. Athens Services shall use its best efforts to resolve each complaint by close of business on the second collection day following the date on which such complaint is received.

Athens Services record of each complaint shall list the date the complaint was received, the means by which the complaint was communicated, the complainant's name, service address and mailing address, the nature of the complaint, and when and what action was taken by Athens Services to resolve the complaint. All such records shall be maintained for a period of twenty-four (24) months and shall be available for inspection by the City in accordance with SECTION B8.A below.

B. Notice to Customers of Complaint Procedures
Athens Services shall give notice of the provisions of this Section to current Customers annually during the first billing period immediately following July 1st and to new Customers at the time they apply for service. Each of Athens Services bills to Customers shall include Athens Services contact information, including contact information for complaints.

C. Complaint Resolution Procedures
A Customer dissatisfied with Athens Services' resolution of a complaint may ask the City to review the complaint. To obtain this review, the Customer must file a written request with the City Manager within 30 days after receipt of Athens Services' written response to the complaint or 45 days after submitting the complaint to Athens Services, whichever date occurs first.

The City Manager shall determine if the complaint is justified, and if so, may order that Athens Services pay to the complainant an amount of money that does not exceed one hundred percent ( I 00%) of the rate for the service complained of for the time period covered by the complaint or order Athens Services to provide the service at issue to the Customer.

SECTION 85 - PROTECTION OF CUSTOMER PRIVACY
Athens Services shall not market or distribute mailing lists with the names and addresses of Customers.

Information identifying individual Customer or the composition or contents of a Customer's Solid Waste may only be used by Athens Services in behalf of City in the preparation, participation or assistance in the preparation of any waste characterization study or 32 Item #21. Page 86
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waste stream analysis which may be required or necessitated by AB 939, state or Federal laws or regulations, or this Agreement.

SECTION 86 - OWNERSHIP OF SOLID WASTES AND GREEN WASTE
Once Solid Wastes, are placed for collection at curbside, ownership and the right to possession shall transfer directly from the Customer to Athens Services, by operation of law, and not as the result of the Municipal Code or this Agreement. Athens Services shall have the right to retain, compost, dispose of or use Solid Wastes, which it collects in any lawful manner and for any lawful purpose desired by Athens Services and to retain any benefit or profit resulting therefrom.

Notwithstanding the preceding paragraph, or any other provision of this Agreement, Athens Services shall utilize the most cost-effective landfill Disposal Site, Green Waste facility or market for Recyclable Solid Waste. In the determination of "cost-effectiveness", transportation costs will be included in the calculation and analysis.

The City, notwithstanding the previous ownership paragraph, shall have the right to review and approve of all destinations for solid waste as provided for in this Agreement including the most cost effective landfill Disposal Site including transportation costs, Green Waste or compost site or recyclables market. Solid Wastes and Green Waste which are disposed of at a disposal site shall become the property of the owner or operator of the disposal site once deposited there by Athens Services.

SECTION 87 - RECORDS, REPORTS AND INFORMATION REQUIREMENTS A. General
Athens Services shall maintain such accounting, statistical and other records related to its performance under this Agreement as shall be necessary to develop the financial statements and other reports required by this Agreement. Also, Athens Services agrees to conduct data collection, information and record keeping, and reporting activities needed to comply with applicable laws and regulations currently in effect on the date of this Agreement and to meet the related reporting and Solid Waste program management needs of City. To this extent, such requirements set out in this and other sections of this Agreement shall not be considered limiting or necessarily complete. In particular, this section is intended to only highlight the general nature of records and reports and is not meant to define exactly what the records and reports are to be and their content. Further, with the written direction or approval of City, the records and reports to be maintained and provided by Athens Services in accordance with this and other sections of the Agreement shall be adjusted in number, format, or frequency.

B. Records General
Athens Services shall maintain records required to conduct its operations, to support requests it may make to City, and to respond to requests from City in the conduct of City business. Adequate record security shall be maintained to preserve records from events that can be reasonably anticipated such as a fire, theft and earthquake. Electronically maintained 33 Item #21. Page 87
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data/records shall be protected and backed up. All records shall be maintained for five (5) years after the expiration of this Agreement.

Athens Services agrees that the records of any and all companies conducting operations addressed in the Agreement shall be provided or made available to City and its official representatives during normal business hours. City may review or utilize any of the records described in this section for any purpose whatsoever. Such records include, but are not limited to financial, solid waste, CERCLA and disposal records.

C. Financial Records
Athens Services shall maintain financial records relating to its operations pursuant to this Agreement separate and segregated from such records relating to its other operations.

Athens Services shall maintain at least the following records:

1. Audited financial statements for the Athens Services as a whole; and

2. Statements of revenue and expense, reviewed by auditors, for this Agreement segregated from the other operations of Athens Services (including without limitation those operations of Athens Services in City and surrounding jurisdictions which are not covered by this Agreement), including a description of segregation methodology.

D. Solid Waste Records
Athens Services shall maintain the following records relating to its operations pursuant to this Agreement:

I. Customer services and billing records;

2. Records of tons collected, processed, diverted and disposed by waste stream (Refuse, Recycling, Green Waste), and the facility used for such tonnages (transfer station, MRF, transformation facility or landfill); and

3. Quantity of Recyclable Materials recovered by material type, as well as quantity of material diverted from landfills in compliance with AB 939, and all other applicable state and Federal laws and regulations.

E. CERCLA Defense Records
City views the ability to defend against the Comprehensive Environmental Response, Compensation and Liability Act (CERCLA) and related litigation as a matter of great importance. For this reason, the City regards the ability to prove where Solid Waste collected in the City was taken for disposal, as well as where it was not taken, to be matters of concern.

Athens Services shall maintain data retention and preservation systems which can establish where Solid Waste collected in the City was landfilled (and therefore establish where it was not landfilled) for not less than fifty (50) years following the termination of this Agreement, and 34 Item #21. Page 88
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agrees to notify City Manager before destroying such records thereafter. At any time, including after the expiration of the term hereof, Athens Services shall provide copies of such records to City. The requirements of this Section shall survive the expiration of the term of this Agreement.

F. Disposal Records
Athens Services shall maintain records of disposal of all Solid Waste collected in City for the period of this Agreement and all extensions to this Agreement or successor Agreements. In the event Athens Services discontinues providing Solid Waste handling services to City. Athens Services shall provide all records of disposal or processing of all Solid Waste collected in City within thirty (30) days of discontinuing service. Records shall be in chronological and organized form and readily and easily interpreted.

G. Monthly Reports
The information listed below shall be the minimum reported on a monthly basis. The reports shall be delivered to the City by the 151
h day of each month for the prior month:

H.

1. Solid Waste collected by Athens Services for the prior month, sorted by type of Solid Waste (Refuse, Recycling Solid Waste, Green Waste) in tons collected and disposed, and the facilities where the tons were processed or disposed.

2. Warning notices issued for contaminated Green Waste containers or notices issued for non-collection during the prior month as well as notices pursuant to Section 4A.4 of the Agreement.

3. Gross receipts received during the prior month by Customer category and calculation of franchise fees due.

4. Summary of customer complaints regarding the services described in Section 3 of the Agreement received by Athens Services during the prior month.

5. Graffiti removal performed, including, if requested by the City, photographs of the graffiti, its location, and other information reasonably required by the City of Glendora Police Department.

Annual Reports
The Annual Reports to be delivered to the City by February 151 h of each year for the prior
year is to be essentially in the form and content of the monthly reports, but shall also include:

1. Report of HHW pickups performed during the prior year, including tonnage information, number of pickups, and materials collected as applicable.

2. Quantity of sharps containers delivered during the prior year.

3. Summary of compost and worm bin sales and receipts during the prior year. 35 Item #21. Page 89
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I.

4. Number of e-waste pick- ups during the prior year.

5. Solid Waste Data. A listing of the tonnage from all collection services by Athens Services for the preceding year as mandated by the State of California. All tonnage data should be compared to the corresponding tonnage data from the prior year.

6. Recycling Data. The number of gross tons of Recyclable Material and Recyclable Solid Waste collected during the prior year by material type including recyclable materials collected as part of Bulky Waste as mandated by the State of California.

Indicate by material type (and grade where appropriate), annual total of Recyclable Material and Recyclable Solid Waste processed. Indicate annual total and location for Residue disposed. All tonnage data should be compared to the corresponding tonnage data from the prior year period.

7. Green Waste Data. The number of gross tons of Green Waste collected for the preceding year. All tonnage data should be compared to the corresponding tonnage data from the prior year period.

8. Operational Problems and Actions Taken. Indicate instances of property damage or injury caused by Athens Services and poaching or scavenging that becomes known by Athens Services. Include description of Green Waste or Recyclable Material and Recyclable Solid Waste loads rejected, the reason for rejection and the disposition of the load after rejection.

9. Annual Reports. The annual report to the City shall include the data from all monthly reports during the prior year summarized by month and averaged for the year. All annual reports shall include a historical comparison of the preceding year and the average of all years during the Agreement term.

Financial Report
The City may, at City's option, review Athens Services' financial reports/statements relating to the City of Glendora for the most recently completed fiscal year in connection with an extraordinary rate adjustment request, billing audit, Franchise Fee audit, or verification of other information required under this Agreement. Prior to permitting the City to review such financial information, Athens Services may require City to execute a reasonable confidentiality agreement. Any review of such financial reports/statements shall take place only during regular business hours and only at Athens Services' regular place of business with forty-eight ( 48) hours' notice. City shall not be permitted to remove copies of such financial reports/statements from Athens Services' regular place of business.