Glendora City Council
June 27, 2023

Item #6. Page 4
Meeting Date: 6/27/2023 / Packet Page #: 485
Consolidated report prepared for City of Glendora
Asset Allocation Reviewas of May 31, 2023
Summary of Asset Allocation
Market
value ($)
% of
Portfolio
Cash 24,316,892.85 18.96
Cash 24,316,892.85 18.96 US 24,316,892.85 18.96
Fixed Income 103,945,776.22 81.04
US 103,945,776.22 81.04 US Fixed Income 17,541,906.95 13.68 Government 58,268,295.16 45.42 Municipals 253,000.63 0.20 Corporate IG Credit 27,882,573.48 21.74 Equity 0.00 0.00Commodities 0.00 0.00Non-Traditional 0.00 0.00Other 0.00 0.00Total Portfolio $128,262,669.07 100%Balanced mutual funds and Insurance & Annuity products are allocated in the 'Other' category Cash 18.96%US Fixed Income 81.04%
Total Value: $128,262,669.07
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: June 01, 2023 Page 2 of 40 Item #6. Page 5
Meeting Date: 6/27/2023 / Packet Page #: 486
Consolidated report prepared for City of Glendora
Sources of Portfolio Valueas of May 31, 2023
Market Value Net amount you invested (net of fees)
02/22 05/23
5075
100125150
$ Millions
MTD
04/30/2023 to
05/31/2023
QTD
03/31/2023 to
05/31/2023
ITD
02/23/2022 to
05/31/2023
YTD
12/31/2022 to
05/31/2023
Opening value 109,988,828.33 105,530,674.88 96,238,141.84 40,589,214.16 Net deposits/withdrawals -134,823.04 4,036,671.67 11,826,675.25 72,164,608.32Div./interest income 144,999.14 227,585.43 628,707.54 1,681,450.67Change in accr. interest 26,967.96 111,740.49 107,038.41 355,668.30Change in value -516,846.49 -397,546.57 708,562.86 -5,281,815.56Closing value 109,509,125.90 109,509,125.90 109,509,125.90 109,509,125.90Net Time-weighted ROR -0.31 -0.03 1.46 -2.77Performance returns are annualized after 1 year. Net deposits and withdrawals include program and account fees.Benchmarks - Annualized time-weighted returnsUS Treasury Bill - 3 Mos 0.40 0.79 1.89 2.70BofA Corp/Gov 1-5Y -0.47 0.03 1.82 -1.56BBG Agg Bond -1.09 -0.49 2.46 -5.56Past performance does not guarantee future results and current performance may be lower/higher than past data presented.Report created on: June 01, 2023 Page 3 of 40 Item #6. Page 6
Meeting Date: 6/27/2023 / Packet Page #: 487
Consolidated report prepared for City of Glendora
Bond Summaryas of May 31, 2023Bond OverviewTotal quantity 111,012,000Total market value $103,522,840.42Total accrued interest $422,935.80Total market value plus accrued interest $103,945,776.22Total estimated annual bond interest $1,883,235.75Average yield to maturityAverage coupon 1.74%

5.03%1.82%5.03%
Average current yieldAverage yield to worstAverage modified duration 2.21Average effective maturity 2.40 Investment Type AllocationInvestment type Taxable ($) Total ($) Tax-exempt /
deferred ($)
% of
bond
port.

Certificates of deposit 17,541,906.95 0.00 17,541,906.95 16.88Municipals 253,000.63 0.00 253,000.63 0.24U.S. corporates 27,882,573.48 0.00 27,882,573.48 26.82U.S. federal agencies 54,937,184.08 0.00 54,937,184.08 52.85U.S. treasuries 3,331,111.09 0.00 3,331,111.09 3.20Total $103,945,776.23 $0.00 $103,945,776.23 100% Credit Quality of Bond HoldingsA Aaa/AAA/AAA 37 59,246,020.16 56.98B Aa/AA/AA 3 3,105,553.96 2.98C A/A/A 16 24,052,295.15 23.13D Baa/BBB/BBB 0 0.00 0.00E Non-investment grade 0 0.00 0.00F Certificate of deposit 77 17,541,906.95 16.90G Not rated 0 0.00 0.00Total 133 $103,945,776.22 100%Effective credit rating % of
port.

Value on
Issues 05/31/2023 ($)
Bond Maturity Schedule
Effective maturity schedule
2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2034 + Other 0 1020304050

3.0%

18.3%

39.5%

24.9%

8.1% 5.9%

0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%
Cash, mutual funds and some preferred securities are not included.$ Millions Includes all fixed income securities in the selected portfolio. Average yields and durations exclude Structured Product, Pass-Through, Perpetual Preferred, and Foreign securities.Report created on: June 01, 2023 Page 4 of 40 Item #6. Page 7
Meeting Date: 6/27/2023 / Packet Page #: 488
Consolidated report prepared for City of Glendora
Portfolio Holdingsas of May 31, 2023Summary of Portfolio Holdings Unrealized
Cost basis ($) gain/loss (%)
Est. annual
income ($)
Unrealized
gain/loss ($)
Value on
05/31/2023 ($)
Current
yield (%)
% of
portfolio
A Cash 18,921,737.55 24,316,892.85 0.00 0.00% 265,981.16 1.09% 18.96% Cash 18,921,737.55 24,316,892.85 0.00 0.00% 265,981.16 1.09% 18.96% US 18,921,737.55 24,316,892.85 0.00 0.00% 265,981.16 1.09% 18.96% B Fixed Income 105,811,081.7 103,945,776.22 -7,265,672.73 -6.87% 1,883,235.75 1.81% 81.04% US 105,811,081.76 103,945,776.22 -7,265,672.73 -6.87% 1,883,235.75 1.81% 81.04% US Fixed Income 17,199,142.76 17,541,906.95 -1,124,388.94 -6.54% 370,548.50 2.11% 13.68% Government 58,470,048.33 58,268,295.16 -3,881,966.60 -6.64% 986,006.50 1.69% 45.42% Municipals 0.00 253,000.63 0.00 0.00% 12,872.50 5.15% 0.20% Corporate IG Credit 30,141,890.67 27,882,573.48 -2,259,317.19 -7.50% 513,808.25 1.84% 21.74% 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 $124,732,819.3 $128,262,669.07 $-7,265,672.73 -5.82% $2,149,216.91 1.68% 100% Balanced mutual funds and Insurance & Annuity products are allocated in the 'Other' category B
A
Report created on: June 01, 2023 Page 5 of 40
Item #6. Page 8
Meeting Date: 6/27/2023 / Packet Page #: 489
Consolidated report prepared for City of Glendora
Portfolio Holdingsas of May 31, 2023 (continued)
Details of Portfolio Holdings
% of
asset
class
Est. annual
Cost basis ($) income ($)
Unrealized
gain/loss
(%)
Unrealized
Market value ($) gain/loss ($)
Current
yield (%)
Total Portfolio $124,732,819. $128,262,669.07 $-7,265,672.73 -5.82% $2,149,216.91 1.68% 100% 100% % of
portfolio
Unrealized
gain/loss ($)
Unrealized
gain/loss
Quantity (%)
Current
Cost basis ($) yield (%)
Est. annual
income ($)
Purchase
price ($) / Cash Avg Price Market value ($)
Price on
05/31/2023
($)
% of
Cash
% of
portfolio
Cash
US
Outside ASSET (1) 1.00 17,592,968.44 17,592,968.44 0.00 0.00% 0.00 0.00% 72.35% 13.71%[Outside Account @SXXXX279]

1.00 Outside ASSET (1) 1.00 1,160,574.73 1,160,574.73 0.00 0.00% 0.00 0.00% 4.77% 0.90%[Outside Account @SXXXX283]

1.00 UBS INSURED SWEEP 302,373.04 1.00 302,373.04 302,373.04 0.00 0.00% 0.00 0.00% 0.24%PROGRAM

1.00 1.24%
UBS SELECT TREASURY 5,395,155.30 0.00 0.00 5,395,155.30 0.00 0.00% 265,981.16 4.93% 4.21%INSTITUTIONAL FUND

1.00 22.19%
USD CASH -134,178.66 2.00 1.00 -134,178.66 -134,178.66 0.00 0.00% 0.00 0.00% -0.55% -0.10% Total US $18,921,737.55 $24,316,892.85 $0.00 0.00% $265,981.16 100.00 1.09% 18.96% Total Cash $18,921,737.55 $24,316,892.85 $0.00 0.00% $265,981.16 100.00 1.09% 18.96% Total Cash $18,921,737.55 $24,316,892.85 $0.00 0.00% $265,981.16 100.00 1.09% 18.96% Unrealized
gain/loss ($)
Unrealized
gain/loss
Quantity (%)
Current
Cost basis ($) yield (%)
Est. annual
income ($)
Purchase
price ($) /
Avg Price Market value ($)
Amort/Accr.($)
as of
Fixed Income 05/31/2023
Price on
05/31/2023
($)
% of
Fixed
Income
% of
portfolio
US
US Fixed Income
AFFINITY PLUS MN US RT 245,000.00 0.00 0.00 244,596.22 0.00 0.00 0.00% 12,372.50 5.07% 0.19%05.0500% MAT 03/20/26LICU SHARE CERTIFICATE

99.68 0.24%
ALLY BK UT US RT 245,000.00 100.00 245,000.00 237,606.77 0.00 -7,393.23 -3.02% 8,697.50 3.72% 0.19%03.5500% MAT 06/30/26FIXED RATE CD

95.50 0.23%
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: June 01, 2023 Page 6 of 40 Item #6. Page 9
Meeting Date: 6/27/2023 / Packet Page #: 490
Consolidated report prepared for City of Glendora
Portfolio Holdingsas of May 31, 2023 (continued)
Unrealized
gain/loss ($)
Unrealized
gain/loss
Quantity (%)
Current
Cost basis ($) yield (%)
Est. annual
income ($)
Purchase
price ($) /
Avg Price Market value ($)
Amort/Accr.($)
as of
Fixed Income 05/31/2023
Price on
05/31/2023
($)
% of
Fixed
Income
% of
portfolio
US
US Fixed Income
AMERICAN COMM BK GA 245,000.00 100.00 245,000.00 219,338.36 0.00 -25,661.64 -10.47% 980.00 0.45% 0.17%US RT 00.4000% MAT09/22/25 FIXED RATE CD

89.52 0.21%
ARBOR FINL CREDIT MI US 245,000.00 100.00 245,000.00 244,927.88 0.00 -72.12 -0.03% 12,250.00 5.02% 0.19%RT 05.0000% MAT 04/03/28FIXED RATE CD

99.59 0.24%
BANK OF NEW ENGLAN NH 245,000.00 100.00 245,000.00 241,141.08 0.00 -3,858.92 -1.58% 6,982.50 2.90% 0.19%US RT 02.8500% MAT02/15/24 FIXED RATE CD

98.30 0.23%
BANK3 TENNESSEE TN US RT 245,000.00 100.00 245,000.00 219,983.75 0.00 -25,016.25 -10.21% 980.00 0.45% 0.17%00.4000% MAT 08/28/25FIXED RATE CD

89.79 0.21%
BANKUNITED NA FLOR FL US 245,000.00 100.00 245,000.00 217,822.15 0.00 -27,177.85 -11.09% 2,327.50 1.07% 0.17%RT 00.9500% MAT 03/31/26FIXED RATE CD

88.91 0.21%
BAY ST SVGS BK MA US RT 245,000.00 100.00 245,000.00 240,678.97 0.00 -4,321.03 -1.76% 4,165.00 1.73% 0.19%01.7000% MAT 11/29/23FIXED RATE CD

98.23 0.23%
BEAL BANK - PLANO TX US 245,000.00 100.00 245,000.00 238,936.55 0.00 -6,063.45 -2.47% 5,390.00 2.26% 0.19%RT 02.2000% MAT 04/17/24FIXED RATE CD

97.28 0.23%
BELL ST B&T ND US RT 245,000.00 100.00 245,000.00 230,009.76 0.00 -14,990.24 -6.12% 3,920.00 1.70% 0.18%01.6000% MAT 02/27/25FIXED RATE CD

93.86 0.22%
BK HAPOALIM BM NY US RT 245,000.00 100.00 245,000.00 218,474.19 0.00 -26,525.81 -10.83% 1,225.00 0.56% 0.17%00.5000% MAT 12/15/25FIXED RATE CD

88.94 0.21%
BMO HARRIS BK NA IL US RT 245,000.00 100.00 245,000.00 217,646.22 0.00 -27,353.78 -11.16% 1,960.00 0.90% 0.17%00.8000% MAT 03/18/26FIXED RATE CD

88.67 0.21%
BMW BANK NORTH AME UT 245,000.00 100.08 245,186.74 231,799.33 -127.14 -13,387.41 -5.46% 4,410.00 1.91% 0.18%US RT 01.8000% MAT03/04/25 FIXED RATE CD

94.18 0.22%
BOKF NA OK US RT 245,000.00 100.00 245,000.00 242,499.02 0.00 -2,500.98 -1.02% 11,637.50 4.81% 0.19%04.7500% MAT 02/17/27FIXED RATE CD

98.80 0.23%
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: June 01, 2023 Page 7 of 40 Item #6. Page 10
Meeting Date: 6/27/2023 / Packet Page #: 491
Consolidated report prepared for City of Glendora
Portfolio Holdingsas of May 31, 2023 (continued)
Unrealized
gain/loss ($)
Unrealized
gain/loss
Quantity (%)
Current
Cost basis ($) yield (%)
Est. annual
income ($)
Purchase
price ($) /
Avg Price Market value ($)
Amort/Accr.($)
as of
Fixed Income 05/31/2023
Price on
05/31/2023
($)
% of
Fixed
Income
% of
portfolio
US
US Fixed Income
CAPITAL ONE BK USA VA US 245,000.00 100.00 245,000.00 214,269.78 0.00 -30,730.22 -12.54% 2,817.50 1.32% 0.17%RT 01.1500% MAT 11/24/26FIXED RATE CD

87.44 0.21%
CAPITAL ONE NA VA US RT 245,000.00 100.00 245,000.00 214,269.78 0.00 -30,730.22 -12.54% 2,817.50 1.32% 0.17%01.1500% MAT 11/24/26FIXED RATE CD

87.44 0.21%
CENTERSTATE BK NA FL US 245,000.00 100.00 245,000.00 226,308.78 0.00 -18,691.22 -7.63% 2,450.00 1.08% 0.18%RT 01.0000% MAT 04/30/25FIXED RATE CD

92.29 0.22%
CFG COMMUNITY BANK MD 245,000.00 100.00 245,000.00 239,197.90 0.00 -5,802.10 -2.37% 9,310.00 3.94% 0.19%US RT 03.8000% MAT03/11/26 FIXED RATE CD

96.50 0.23%
CHAMBERS BANK AK US RT 108,000.00 100.00 108,000.00 96,837.27 0.00 -11,162.75 -10.34% 378.00 0.39% 0.08%00.3500% MAT 09/22/25FIXED RATE CD

89.60 0.09%
CIBC BANK ILLINOIS IL US RT 245,000.00 0.00 0.00 246,177.24 0.00 0.00 0.00% 12,250.00 5.02% 0.19%05.0000% MAT 03/24/26FIXED RATE CD

99.55 0.24%
CITADEL FED CREDIT PA US 245,000.00 100.00 245,000.00 230,214.45 0.00 -14,785.55 -6.03% 4,042.50 1.76% 0.18%RT 01.6500% MAT 02/27/25CREDIT UNION SHARE CERT

93.95 0.22%
CITIZENS ST BK CLA WI US 219,000.00 100.00 219,000.00 208,141.98 0.00 -10,858.02 -4.96% 3,723.00 1.79% 0.16%RT 01.7000% MAT 10/31/24FIXED RATE CD

95.04 0.20%
COMMUNITY BK TN US RT 245,000.00 100.00 245,000.00 220,045.47 0.00 -24,954.53 -10.19% 980.00 0.45% 0.17%00.4000% MAT 08/26/25FIXED RATE CD

89.81 0.21%
COMMUNITYWIDE FED IN 245,000.00 100.00 245,000.00 238,805.33 0.00 -6,194.67 -2.53% 5,512.50 2.33% 0.19%US RT 02.2500% MAT06/28/24 FIXED RATE CD

96.74 0.23%
CONNEXUS CREDIT UN WI 245,000.00 100.00 245,000.00 232,936.20 0.00 -12,063.80 -4.92% 735.00 0.32% 0.18%US RT 00.3000% MAT05/28/24 CREDIT UNIONSHARE CERT

95.08 0.22%
DISCOVER BANK DE US RT 245,000.00 100.00 245,000.00 228,517.31 0.00 -16,482.69 -6.73% 7,840.00 3.43% 0.18%03.2000% MAT 05/24/27FIXED RATE CD

93.21 0.22%
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: June 01, 2023 Page 8 of 40 Item #6. Page 11
Meeting Date: 6/27/2023 / Packet Page #: 492
Consolidated report prepared for City of Glendora
Portfolio Holdingsas of May 31, 2023 (continued)
Unrealized
gain/loss ($)
Unrealized
gain/loss
Quantity (%)
Current
Cost basis ($) yield (%)
Est. annual
income ($)
Purchase
price ($) /
Avg Price Market value ($)
Amort/Accr.($)
as of
Fixed Income 05/31/2023
Price on
05/31/2023
($)
% of
Fixed
Income
% of
portfolio
US
US Fixed Income
EAGLEMARK SVGS BK NV US 245,000.00 100.34 245,837.79 220,407.27 -265.30 -25,430.52 -10.34% 4,900.00 2.24% 0.17%RT 02.0000% MAT 03/02/27FIXED RATE CD

89.47 0.21%
ENCORE BANK AR US RT 245,000.00 100.00 245,000.00 224,768.07 0.00 -20,231.93 -8.26% 1,960.00 0.87% 0.18%00.8000% MAT 05/15/25FIXED RATE CD

91.71 0.22%
ENERBANK UT US RT 245,000.00 100.00 245,000.00 223,622.21 0.00 -21,377.79 -8.73% 1,592.50 0.71% 0.17%00.6500% MAT 06/19/25FIXED RATE CD

91.25 0.22%
FIRST CAROLINA BK NC US 245,000.00 100.00 245,000.00 223,396.44 0.00 -21,603.56 -8.82% 1,470.00 0.66% 0.17%RT 00.6000% MAT 06/26/25FIXED RATE CD

91.17 0.21%
FIRST N/B MCGREG TX US RT 245,000.00 100.00 245,000.00 240,949.88 0.00 -4,050.12 -1.65% 6,982.50 2.90% 0.19%02.8500% MAT 02/21/24FIXED RATE CD

98.26 0.23%
FIRST NATL BK KS US RT 245,000.00 100.00 245,000.00 234,609.55 0.00 -10,390.45 -4.24% 4,532.50 1.93% 0.18%01.8500% MAT 08/30/24FIXED RATE CD

95.76 0.23%
FIRST ST BK AR US RT 245,000.00 100.00 245,000.00 234,462.55 0.00 -10,537.45 -4.30% 4,410.00 1.88% 0.18%01.8000% MAT 08/30/24FIXED RATE CD

95.70 0.23%
FLAGSTAR BANK, FSB MI US 245,000.00 100.00 245,000.00 226,539.69 0.00 -18,460.31 -7.53% 2,572.50 1.14% 0.18%RT 01.0500% MAT 04/30/25FIXED RATE CD

92.38 0.22%
GREAT STHN BK MO US RT 245,000.00 100.00 245,000.00 241,419.61 0.00 -3,580.39 -1.46% 11,025.00 4.57% 0.19%04.5000% MAT 10/20/25FIXED RATE CD

98.40 0.23%
GREENSTATE CREDIT IA US 245,000.00 100.00 245,000.00 217,641.05 0.00 -27,358.95 -11.17% 2,327.50 1.07% 0.17%RT 00.9500% MAT 04/16/26FIXED RATE CD

88.76 0.21%
HOME LN INVT BK RI US RT 245,000.00 100.00 245,000.00 220,029.30 0.00 -24,970.70 -10.19% 980.00 0.45% 0.17%00.4000% MAT 08/29/25FIXED RATE CD

89.78 0.21%
HOME SAVINGS BANK UT US 245,000.00 100.00 245,000.00 242,967.20 0.00 -2,032.80 -0.83% 6,982.50 2.90% 0.19%RT 02.8500% MAT 02/12/24FIXED RATE CD

98.33 0.23%
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: June 01, 2023 Page 9 of 40 Item #6. Page 12
Meeting Date: 6/27/2023 / Packet Page #: 493
Consolidated report prepared for City of Glendora
Portfolio Holdingsas of May 31, 2023 (continued)
Unrealized
gain/loss ($)
Unrealized
gain/loss
Quantity (%)
Current
Cost basis ($) yield (%)
Est. annual
income ($)
Purchase
price ($) /
Avg Price Market value ($)
Amort/Accr.($)
as of
Fixed Income 05/31/2023
Price on
05/31/2023
($)
% of
Fixed
Income
% of
portfolio
US
US Fixed Income
HORIZON BK NE US RT 245,000.00 100.00 245,000.00 227,778.92 0.00 -17,221.08 -7.03% 3,185.00 1.40% 0.18%01.3000% MAT 04/15/25FIXED RATE CD

92.91 0.22%
JPMORGAN CHASE BK OH 245,000.00 100.00 245,000.00 221,183.52 0.00 -23,816.48 -9.72% 1,715.00 0.78% 0.17%US RT 00.7000% MAT09/30/25 FIXED RATE CD

90.16 0.21%
LAFAYETTE FED CRED MD 245,000.00 100.00 245,000.00 228,826.24 0.00 -16,173.76 -6.60% 7,962.50 3.49% 0.18%US RT 03.2500% MAT06/15/27 LICU SHARECERTIFICATE

93.26 0.22%
LIBERTY FED CREDIT IN US RT 245,000.00 100.00 245,000.00 245,634.99 0.00 634.99 0.26% 12,495.00 5.11% 0.19%05.1000% MAT 03/08/24LICU SHARE CERTIFICATE

99.84 0.24%
LIVE OAK BKG CO NC US RT 245,000.00 100.00 245,000.00 213,823.15 0.00 -31,176.85 -12.73% 1,960.00 0.92% 0.17%00.8000% MAT 08/13/26FIXED RATE CD

87.21 0.21%
MCHENRY SVGS BK IL US RT 245,000.00 100.00 245,000.00 232,428.04 0.00 -12,571.96 -5.13% 4,287.50 1.84% 0.18%01.7500% MAT 11/29/24FIXED RATE CD

94.86 0.22%
MEDALLION BK UT US RT 245,000.00 100.00 245,000.00 221,508.19 0.00 -23,491.81 -9.59% 1,347.50 0.61% 0.17%00.5500% MAT 07/30/25FIXED RATE CD

90.41 0.21%
MERRICK BK UT US RT 245,000.00 100.00 245,000.00 241,322.55 0.00 -3,677.45 -1.50% 4,042.50 1.68% 0.19%01.6500% MAT 10/31/23FIXED RATE CD

98.50 0.23%
METRO CREDIT UNION MA 245,000.00 100.00 245,000.00 217,086.48 0.00 -27,913.52 -11.39% 4,165.00 1.92% 0.17%US RT 01.7000% MAT02/18/27 LICU SHARECERTIFICATE

88.47 0.21%
MONEY ONE FED CRED MD 248,000.00 101.96 252,866.02 238,462.12 -9,399.10 -14,403.90 -5.70% 4,960.00 2.09% 0.19%US RT 02.0000% MAT09/23/24 FIXED RATE CD

95.78 0.23%
MORGAN STANLEY BK UT 245,000.00 0.00 0.00 242,694.48 0.00 0.00 0.00% 10,412.50 4.35% 0.19%US RT 04.2500% MAT02/02/26 FIXED RATE CD

97.69 0.23%
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: June 01, 2023 Page 10 of 40 Item #6. Page 13
Meeting Date: 6/27/2023 / Packet Page #: 494
Consolidated report prepared for City of Glendora
Portfolio Holdingsas of May 31, 2023 (continued)
Unrealized
gain/loss ($)
Unrealized
gain/loss
Quantity (%)
Current
Cost basis ($) yield (%)
Est. annual
income ($)
Purchase
price ($) /
Avg Price Market value ($)
Amort/Accr.($)
as of
Fixed Income 05/31/2023
Price on
05/31/2023
($)
% of
Fixed
Income
% of
portfolio
US
US Fixed Income
MORGAN STANLEY PRV NY 245,000.00 100.00 245,000.00 236,606.27 0.00 -8,393.73 -3.43% 4,900.00 2.08% 0.18%US RT 02.0000% MAT08/22/24 FIXED RATE CD

96.04 0.23%
MORTON CMNTY BK IL US 245,000.00 100.00 245,000.00 223,610.83 0.00 -21,389.17 -8.73% 1,470.00 0.66% 0.17%RT 00.6000% MAT 06/19/25FIXED RATE CD

91.25 0.22%
NEIGHBORS FED CRED LA US 245,000.00 100.00 245,000.00 244,788.39 0.00 -211.61 -0.09% 8,085.00 3.32% 0.19%RT 03.3000% MAT 09/28/23FIXED RATE CD

99.34 0.24%
NEW YORK CMNTY BK NY 245,000.00 100.00 245,000.00 214,996.09 0.00 -30,003.91 -12.25% 1,715.00 0.80% 0.17%US RT 00.7000% MAT07/01/26 FIXED RATE CD

87.46 0.21%
OCEANFIRST BK NA NJ US RT 245,000.00 100.00 245,000.00 242,876.66 0.00 -2,123.34 -0.87% 7,962.50 3.32% 0.19%03.2500% MAT 07/01/24FIXED RATE CD

97.77 0.23%
PACIFIC CREST SVGS WA US 245,000.00 100.00 245,000.00 226,858.45 0.00 -18,141.55 -7.40% 2,940.00 1.30% 0.18%RT 01.2000% MAT 04/30/25FIXED RATE CD

92.59 0.22%
PACIFIC WSTN BK CA US RT 245,000.00 100.00 245,000.00 228,365.57 0.00 -16,634.43 -6.79% 3,307.50 1.45% 0.18%01.3500% MAT 04/16/25FIXED RATE CD

93.04 0.22%
PENTAGON FED CREDI VA 245,000.00 100.00 245,000.00 216,892.49 0.00 -28,107.51 -11.47% 4,165.00 1.92% 0.17%US RT 01.7000% MAT02/18/27 CREDIT UNIONSHARE CERT

88.47 0.21%
PRIME ALLIANCE BK UT US 245,000.00 100.00 245,000.00 244,653.41 0.00 -346.59 -0.14% 7,840.00 3.21% 0.19%RT 03.2000% MAT 06/29/23FIXED RATE CD

99.84 0.24%
RAYMOND JAMES BK N FL 245,000.00 100.00 245,000.00 233,353.74 0.00 -11,646.26 -4.75% 4,410.00 1.89% 0.18%US RT 01.8000% MAT11/08/24 FIXED RATE CD

95.13 0.22%
SALLIE MAE BANK UT US RT 245,000.00 100.00 245,000.00 242,003.25 0.00 -2,996.75 -1.22% 8,207.50 3.43% 0.19%03.3500% MAT 08/05/24FIXED RATE CD

97.70 0.23%
SAN FRANCISCO FED CA US 245,000.00 100.00 245,000.00 227,230.28 0.00 -17,769.72 -7.25% 2,695.00 1.19% 0.18%RT 01.1000% MAT 03/27/25LICU SHARE CERTIFICATE

92.74 0.22%
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: June 01, 2023 Page 11 of 40 Item #6. Page 14
Meeting Date: 6/27/2023 / Packet Page #: 495
Consolidated report prepared for City of Glendora
Portfolio Holdingsas of May 31, 2023 (continued)
Unrealized
gain/loss ($)
Unrealized
gain/loss
Quantity (%)
Current
Cost basis ($) yield (%)
Est. annual
income ($)
Purchase
price ($) /
Avg Price Market value ($)
Amort/Accr.($)
as of
Fixed Income 05/31/2023
Price on
05/31/2023
($)
% of
Fixed
Income
% of
portfolio
US
US Fixed Income
SAVOY BK NY US RT 245,000.00 100.00 245,000.00 224,830.26 0.00 -20,169.74 -8.23% 1,960.00 0.87% 0.18%00.8000% MAT 05/13/25FIXED RATE CD

91.73 0.22%
SOMERSET TRUST CO PA US 245,000.00 100.00 245,000.00 227,053.45 0.00 -17,946.55 -7.33% 2,450.00 1.08% 0.18%RT 01.0000% MAT 03/19/25FIXED RATE CD

92.64 0.22%
STATE BANK OF INDI NY US 245,000.00 100.00 245,000.00 218,226.90 0.00 -26,773.10 -10.93% 2,205.00 1.01% 0.17%RT 00.9000% MAT 03/25/26FIXED RATE CD

88.91 0.21%
STOCKMAN BK MT US RT 245,000.00 100.00 245,000.00 225,913.86 0.00 -19,086.14 -7.79% 1,470.00 0.65% 0.18%00.6000% MAT 06/10/25FIXED RATE CD

91.93 0.22%
SYNCHRONY BANK UT US 245,000.00 100.00 245,000.00 232,059.40 0.00 -12,940.60 -5.28% 4,900.00 2.12% 0.18%RT 02.0000% MAT 03/25/25FIXED RATE CD

94.35 0.22%
TECHNOLOGY CREDIT CA 245,000.00 0.00 0.00 244,914.15 0.00 0.00 0.00% 12,250.00 5.02% 0.19%US RT 05.0000% MAT03/23/26 CREDIT UNIONSHARE CERT

99.55 0.24%
TEXAS EXCHANGE BK TX US 245,000.00 100.00 245,000.00 218,665.32 0.00 -26,334.68 -10.75% 1,470.00 0.67% 0.17%RT 00.6000% MAT 10/23/25FIXED RATE CD

89.24 0.21%
THIRD FED S&L ASSN OH US 245,000.00 100.00 245,000.00 233,325.88 0.00 -11,674.12 -4.76% 4,777.50 2.05% 0.18%RT 01.9500% MAT 11/25/24FIXED RATE CD

95.20 0.22%
TOYOTA FINL SVG BK NV US 245,000.00 100.00 245,000.00 217,442.80 0.00 -27,557.20 -11.25% 2,205.00 1.02% 0.17%RT 00.9000% MAT 04/22/26FIXED RATE CD

88.66 0.21%
UBS BANK UT US RT 245,000.00 100.00 245,000.00 215,474.88 0.00 -29,525.12 -12.05% 2,082.50 0.97% 0.17%00.8500% MAT 06/16/26FIXED RATE CD

87.91 0.21%
USALLIANCE FED CRE NY US 245,000.00 100.00 245,000.00 219,973.99 0.00 -25,026.01 -10.21% 1,225.00 0.56% 0.17%RT 00.5000% MAT 09/29/25FIXED RATE CD

89.70 0.21%
VALLEY STRONG CRED CA 240,000.00 100.00 240,000.00 233,928.20 0.00 -6,071.80 -2.53% 6,840.00 2.93% 0.18%US RT 02.8500% MAT06/21/24 FIXED RATE CD

97.39 0.23%
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: June 01, 2023 Page 12 of 40 Item #6. Page 15
Meeting Date: 6/27/2023 / Packet Page #: 496
Consolidated report prepared for City of Glendora
Portfolio Holdingsas of May 31, 2023 (continued)
Unrealized
gain/loss ($)
Unrealized
gain/loss
Quantity (%)
Current
Cost basis ($) yield (%)
Est. annual
income ($)
Purchase
price ($) /
Avg Price Market value ($)
Amort/Accr.($)
as of
Fixed Income 05/31/2023
Price on
05/31/2023
($)
% of
Fixed
Income
% of
portfolio
US
US Fixed Income
VALLEYSTAR CR UN M VA 245,000.00 0.00 0.00 244,271.58 0.00 0.00 0.00% 12,250.00 5.02% 0.19%US RT 05.0000% MAT03/20/26 LICU SHARECERTIFICATE

99.55 0.23%
VYSTAR CREDIT UNIO FL US 205,000.00 101.59 208,252.21 203,255.45 -15,565.08 -4,996.76 -2.40% 7,482.50 3.68% 0.16%RT 03.6500% MAT 12/11/23LICU SHARE CERTIFICATE

99.14 0.20%
WEBBANK UT US RT 245,000.00 100.00 245,000.00 233,092.70 0.00 -11,907.30 -4.86% 857.50 0.37% 0.18%00.3500% MAT 05/28/24FIXED RATE CD

95.14 0.22%
WORKERS CREDIT UNI MA 245,000.00 0.00 0.00 244,499.46 0.00 0.00 0.00% 12,005.00 4.91% 0.16%US RT 04.9000% MAT01/26/24 LICU SHARECERTIFICATE

99.74 0.24%
Total US Fixed Income $17,199,142.76 $17,541,906.95 $-25,356.62 $-1,124,388.94 -6.54% $370,548.50 16.88% 2.11% 13.68% Government
FEDERAL FARM CREDIT 2,000,000.00 100.00 2,000,000.00 1,887,108.89 0.00 -112,891.11 -5.64% 19,400.00 1.03% 1.47%BANK 00.970 % DUE120924 DTD 120921 FC06092022

93.89 1.82%
FFCB BOND 00.210 % DUE 2,000,000.00 100.00 2,000,000.00 1,944,926.67 0.00 -55,073.33 -2.75% 4,200.00 0.22% 1.52%122123 DTD 122120 FC06212021

97.15 1.87%
FFCB BOND 00.440 % DUE 2,000,000.00 100.00 2,000,000.00 1,879,342.22 0.00 -120,657.78 -6.03% 8,800.00 0.47% 1.47%092324 DTD 092321 FC03232022

93.88 1.81%
FFCB BOND 00.600 % DUE 2,000,000.00 100.00 2,000,000.00 1,842,660.00 0.00 -157,340.00 -7.87% 12,000.00 0.65% 1.44%061625 DTD 061621 FC12162021

91.86 1.77%
FFCB BOND 00.600 % DUE 2,000,000.00 100.00 2,000,000.00 1,814,513.33 0.00 -185,486.67 -9.27% 12,000.00 0.66% 1.41%112425 DTD 112420 FC05242021

90.71 1.75%
FFCB BOND 00.610 % DUE 2,000,000.00 100.00 2,000,000.00 1,839,871.11 0.00 -160,128.89 -8.01% 12,200.00 0.66% 1.43%052325 DTD 082321 FC11232021

91.98 1.77%
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: June 01, 2023 Page 13 of 40 Item #6. Page 16
Meeting Date: 6/27/2023 / Packet Page #: 497
Consolidated report prepared for City of Glendora
Portfolio Holdingsas of May 31, 2023 (continued)
Unrealized
gain/loss ($)
Unrealized
gain/loss
Quantity (%)
Current
Cost basis ($) yield (%)
Est. annual
income ($)
Purchase
price ($) /
Avg Price Market value ($)
Amort/Accr.($)
as of
Fixed Income 05/31/2023
Price on
05/31/2023
($)
% of
Fixed
Income
% of
portfolio
US
Government
FFCB BOND 00.660 % DUE 2,000,000.00 100.00 2,000,000.00 1,828,766.67 0.00 -171,233.33 -8.56% 13,200.00 0.72% 1.43%091525 DTD 091521 FC03152022

91.30 1.76%
FFCB BOND 00.680 % DUE 2,000,000.00 100.00 2,000,000.00 1,843,213.33 0.00 -156,786.67 -7.84% 13,600.00 0.74% 1.44%051925 DTD 051921 FC11192021

92.14 1.77%
FFCB BOND 00.710 % DUE 2,000,000.00 100.00 2,000,000.00 1,849,197.78 0.00 -150,802.22 -7.54% 14,200.00 0.77% 1.44%042125 DTD 042121 FC10212021

92.38 1.78%
FFCB BOND 01.840 % DUE 2,000,000.00 100.00 2,000,000.00 1,836,577.78 0.00 -163,422.22 -8.17% 36,800.00 2.02% 1.43%012627 DTD 012622 FC07262022

91.19 1.77%
FFCB NTS 00.940 % DUE 2,000,000.00 100.00 2,000,000.00 1,783,330.00 0.00 -216,670.00 -10.83% 18,800.00 1.06% 1.39%092826 DTD 092821 FC03282022

89.00 1.72%
FHLB BOND 00.625 % DUE 2,000,000.00 100.00 2,000,000.00 1,840,968.33 0.00 -159,031.67 -7.95% 12,500.00 0.68% 1.44%063025 DTD 063021 FC12302021

91.79 1.77%
FHLB BOND 01.050 % DUE 1,000,000.00 96.84 968,385.25 900,360.00 0.00 -68,025.25 -7.02% 10,500.00 1.17% 0.70%081326 DTD 081321 FC02132022

89.72 0.87%
FHLB BOND 01.780 % DUE 2,000,000.00 100.00 2,000,000.00 1,830,416.67 0.00 -169,583.33 -8.48% 35,600.00 1.96% 1.43%021027 DTD 021022 FC08102022

90.97 1.76%
FHLB BOND 02.010 % DUE 3,215,000.00 95.65 3,075,098.40 2,962,686.79 0.00 -112,411.60 -3.66% 64,621.50 2.19% 2.30%022527 DTD 022522 FC08252022

91.62 2.85%
FHLB BOND 05.400 % DUE 2,000,000.00 100.00 2,000,005.00 2,003,140.00 -0.25 3,135.00 0.16% 108,000.00 5.47% 1.56%022428 DTD 022423 FC08242023

98.70 1.93%
FHLB BOND 05.450 % DUE 490,000.00 0.00 0.00 490,751.74 0.00 0.00 0.00% 26,705.00 5.50% 0.38%031627 DTD 121622 FC03162023

99.02 0.47%
FHLB BOND 05.650 % DUE 2,000,000.00 100.00 2,000,005.17 1,985,478.33 -0.08 -14,526.84 -0.73% 113,000.00 5.72% 1.55%042828 DTD 042823 FC10282023

98.76 1.91%
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: June 01, 2023 Page 14 of 40 Item #6. Page 17
Meeting Date: 6/27/2023 / Packet Page #: 498
Consolidated report prepared for City of Glendora
Portfolio Holdingsas of May 31, 2023 (continued)
Unrealized
gain/loss ($)
Unrealized
gain/loss
Quantity (%)
Current
Cost basis ($) yield (%)
Est. annual
income ($)
Purchase
price ($) /
Avg Price Market value ($)
Amort/Accr.($)
as of
Fixed Income 05/31/2023
Price on
05/31/2023
($)
% of
Fixed
Income
% of
portfolio
US
Government
FHLB BOND STEP-UP 00.750 2,000,000.00 100.00 2,000,000.00 1,818,450.00 0.00 -181,550.00 -9.08% 15,000.00 0.83% 1.42%% DUE 063026 DTD 063021FC 12302021

90.61 1.75%
FHLB NTS 0.7500% DUE 2,000,000.00 100.00 2,000,000.00 1,828,090.00 0.00 -171,910.00 -8.60% 15,000.00 0.82% 1.43%063026 DTD 063021 FC12302021

91.09 1.76%
FHLB NTS 0.7500% DUE 2,000,000.00 100.00 2,000,000.00 1,801,058.33 0.00 -198,941.67 -9.95% 15,000.00 0.83% 1.40%082626 DTD 082621 FC02262022

89.86 1.73%
FHLB NTS 1.0500% DUE 2,000,000.00 100.00 2,000,000.00 1,837,560.00 0.00 -162,440.00 -8.12% 21,000.00 1.15% 1.43%033026 DTD 033021 FC09302021

91.70 1.77%
FHLMC MED TERM NTS 1,000,000.00 99.85 998,500.00 921,567.78 0.00 -76,932.22 -7.70% 5,000.00 0.54% 0.72%00.500 % DUE 072325 DTD072320 FC 01232021

91.98 0.89%
FHLMC MED TERM NTS 2,000,000.00 100.00 2,000,000.00 1,843,441.67 0.00 -156,558.33 -7.83% 14,600.00 0.79% 1.44%00.730 % DUE 052825 DTD052820 FC 11282020

92.17 1.77%
FHLMC MED TERM NTS 2,000,000.00 100.00 2,000,000.00 1,977,125.00 0.00 -22,875.00 -1.14% 61,000.00 3.13% 1.54%03.050 % DUE 062824 DTD062822 FC 12282022

97.56 1.90%
FHLMC MED TERM NTS 1,000,000.00 0.00 0.00 1,000,970.00 0.00 0.00 0.00% 51,000.00 5.18% 0.78%05.100 % DUE 012728 DTD013023 FC 07272023

98.40 0.96%
FHLMC MED TERM NTS 1,000,000.00 0.00 0.00 1,003,121.67 0.00 0.00 0.00% 51,000.00 5.15% 0.78%05.100 % DUE 022828 DTD022823 FC 08282023

99.02 0.97%
FHLMC MED TERM NTS 1,175,000.00 0.00 0.00 1,185,370.03 0.00 0.00 0.00% 62,275.00 5.35% 0.92%05.300 % DUE 012726 DTD012723 FC 07272023

99.06 1.14%
FNMA NTS 00.500 % DUE 1,000,000.00 100.00 999,950.00 913,656.11 0.00 -86,293.89 -8.63% 5,000.00 0.55% 0.71%081425 DTD 081420 FC02142021

91.22 0.88%
FNMA NTS 00.540 % DUE 2,000,000.00 100.00 2,000,000.00 1,815,620.00 0.00 -184,380.00 -9.22% 10,800.00 0.60% 1.42%102725 DTD 102720 FC04272021

90.73 1.75%
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: June 01, 2023 Page 15 of 40 Item #6. Page 18
Meeting Date: 6/27/2023 / Packet Page #: 499
Consolidated report prepared for City of Glendora
Portfolio Holdingsas of May 31, 2023 (continued)
Unrealized
gain/loss ($)
Unrealized
gain/loss
Quantity (%)
Current
Cost basis ($) yield (%)
Est. annual
income ($)
Purchase
price ($) /
Avg Price Market value ($)
Amort/Accr.($)
as of
Fixed Income 05/31/2023
Price on
05/31/2023
($)
% of
Fixed
Income
% of
portfolio
US
Government
FNMA NTS 00.560 % DUE 2,000,000.00 100.00 2,000,000.00 1,813,995.56 0.00 -186,004.44 -9.30% 11,200.00 0.62% 1.41%111725 DTD 111720 FC05172021

90.68 1.75%
FNMA NTS 04.125 % DUE 988,000.00 99.59 983,948.13 977,563.84 0.00 -6,384.29 -0.65% 40,755.00 4.21% 0.76%082825 DTD 083022 FC02282023

97.90 0.94%
INTL FIN CORP NTS 00.500 2,000,000.00 100.00 2,000,000.00 1,836,284.44 0.00 -163,715.56 -8.19% 10,000.00 0.54% 1.43%% DUE 051526 DTD 052821FC 11152021

91.79 1.77%
US TSY NOTE 01.125 % DUE 1,000,000.00 98.21 982,052.13 910,867.69 0.00 -71,184.44 -7.25% 11,250.00 1.24% 0.71%10/31/26 DTD 10/31/21 FC04/30/22

90.99 0.88%
US TSY NOTE 01.750 % DUE 1,500,000.00 97.67 1,465,036.50 1,443,974.59 0.00 -21,061.91 -1.44% 26,250.00 1.83% 1.13%12/31/24 DTD 12/31/19 FC06/30/20

95.54 1.39%
US TSY NOTE 02.375 % DUE 1,000,000.00 99.71 997,067.75 976,268.81 0.00 -20,798.94 -2.09% 23,750.00 2.45% 0.76%08/15/24 DTD 08/15/14 FC02/15/15

96.94 0.94%
Total Government $58,470,048.33 $58,268,295.16 $-0.33 $-3,881,966.60 -6.64% $986,006.50 56.06% 1.69% 45.42% Municipals
SULPHUR SPRINGS CAL UNI 250,000.00 0.00 0.00 253,000.63 0.00 0.00 0.00% 12,872.50 5.15% 0.20%TAX SR F BE/R/ 5.149090124 DTD 110322

99.91 0.24%
Total Municipals $0.00 $253,000.63 $0.00 $0.00 0.00% $12,872.50 5.15% 0.24% 0.20% Corporate IG Credit
AMAZON COM INC NTS B/E 1,000,000.00 100.20 1,001,956.33 933,015.56 -2,866.35 -68,940.77 -6.88% 8,000.00 0.86% 0.73%00.800% 060325DTD060320CALL@MW+10BP

92.91 0.90%
CATERPILLAR FINL SERVICE 2,026,000.00 101.45 2,055,460.00 1,899,890.50 -40,985.07 -155,569.50 -7.57% 29,377.00 1.55% 1.48%01.450% 051525DTD051520 FC111520CALL@MW+20BP

93.71 1.83%
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: June 01, 2023 Page 16 of 40 Item #6. Page 19
Meeting Date: 6/27/2023 / Packet Page #: 500
Consolidated report prepared for City of Glendora
Portfolio Holdingsas of May 31, 2023 (continued)
Unrealized
gain/loss ($)
Unrealized
gain/loss
Quantity (%)
Current
Cost basis ($) yield (%)
Est. annual
income ($)
Purchase
price ($) /
Avg Price Market value ($)
Amort/Accr.($)
as of
Fixed Income 05/31/2023
Price on
05/31/2023
($)
% of
Fixed
Income
% of
portfolio
US
Corporate IG Credit
CHARLES SCHWAB CORP 2,000,000.00 99.49 1,989,860.00 1,759,200.00 0.00 -230,660.00 -11.59% 18,000.00 1.03% 1.37%NTS 00.900% 031126DTD121120 FC031121CALL@MW+10BP

87.76 1.69%
COMCAST CORP NEW B/E 1,000,000.00 105.69 1,056,935.85 981,197.50 -62,205.14 -75,738.35 -7.17% 33,750.00 3.47% 0.76%03.375% 081525DTD052715 FC081515CALL@MW+20BP

97.13 0.94%
E I DU PONT DE NEMOURS 2,141,000.00 101.58 2,174,828.24 2,017,426.24 -31,965.60 -157,402.00 -7.24% 36,397.00 1.82% 1.57%01.700% 071525DTD051520 FC011521CALL@MW+25BP

93.59 1.94%
HONEYWELL INTL NTS B/E 1,122,000.00 101.50 1,138,854.31 1,094,154.45 -42,190.17 -44,699.86 -3.92% 25,806.00 2.38% 0.85%02.300% 081524DTD080819CALL@MW+10BP

96.84 1.05%
IBM CORP NTS B/E 03.000% 1,664,000.00 102.08 1,698,615.54 1,627,530.67 -104,212.26 -71,084.87 -4.18% 49,920.00 3.07% 1.27%051524 DTD051519FC111519CALL@MW+15BP

97.68 1.57%
INTEL CORP NTS B/E 1,054,000.00 105.13 1,108,058.55 1,036,317.39 -79,628.64 -71,741.16 -6.47% 35,836.00 3.48% 0.81%03.400% 032525DTD032520CALL@MW+45BP

97.70 1.00%
JOHN DEERE CAPITAL CORP 1,124,000.00 102.44 1,151,467.68 1,085,487.39 -41,548.17 -65,980.29 -5.73% 23,042.00 2.14% 0.85%02.050% 010925DTD010920 FC070920 NTSB/E

95.77 1.04%
JOHN DEERE CPTL CORP 2,000,000.00 100.10 2,002,074.72 1,818,828.89 -1,827.46 -183,245.83 -9.15% 14,000.00 0.77% 1.42%00.700% 011526DTD010721 FC071521 MEDTERM NTS

90.68 1.75%
JPMORGAN CHASE & CO 1,200,000.00 100.00 1,200,000.00 1,062,085.33 0.00 -137,914.67 -11.49% 9,600.00 0.91% 0.83%00.800% 022626DTD022621 FC082621 MEDTERM NTS

88.30 1.02%
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: June 01, 2023 Page 17 of 40 Item #6. Page 20
Meeting Date: 6/27/2023 / Packet Page #: 501
Consolidated report prepared for City of Glendora
Portfolio Holdingsas of May 31, 2023 (continued)
Unrealized
gain/loss ($)
Unrealized
gain/loss
Quantity (%)
Current
Cost basis ($) yield (%)
Est. annual
income ($)
Purchase
price ($) /
Avg Price Market value ($)
Amort/Accr.($)
as of
Fixed Income 05/31/2023
Price on
05/31/2023
($)
% of
Fixed
Income
% of
portfolio
US
Corporate IG Credit
JPMORGAN CHASE & CO B/E 1,017,000.00 103.33 1,050,910.90 999,569.75 -58,997.83 -51,341.15 -4.89% 31,781.25 3.22% 0.78%03.125% 012325DTD012315 FC072315

97.18 0.96%
MASTERCARD INC NTS B/E 2,000,000.00 101.52 2,030,355.62 1,919,537.78 -52,331.88 -110,817.84 -5.46% 40,000.00 2.09% 1.50%02.000% 030325DTD120319 FC030320CALL@MW+10BP

95.49 1.85%
MICROSOFT CORP B/E 1,000,000.00 103.63 1,036,255.02 977,725.00 -58,173.94 -58,530.02 -5.65% 27,000.00 2.78% 0.76%02.700% 021225DTD021215 FC081215CALL@MW+12.5BP

96.96 0.94%
MORGAN STANLEY FIN LLC 2,000,000.00 100.00 2,000,000.00 1,721,703.33 0.00 -278,296.67 -13.91% 21,000.00 1.22% 1.34%01.050% 082726DTD082721 FC022722 MEDTERM NTS

85.81 1.66%
TARGET CORP NTS B/E 2,000,000.00 102.57 2,051,421.86 1,915,930.00 -80,953.80 -135,491.86 -6.60% 45,000.00 2.36% 1.49%02.250% 041525DTD033120 FC101520CALL@MW+30BP

95.51 1.84%
TOYOTA MOTOR CRDT 2,000,000.00 99.45 1,988,920.00 1,894,108.33 0.00 -94,811.67 -4.77% 12,500.00 0.66% 1.48%CORP 00.625% 091324DTD091321 FC031322 NTSB/E

94.57 1.82%
TRUIST BANK NTS B/E 1,386,000.00 101.23 1,403,062.16 1,316,383.15 -35,317.90 -86,679.01 -6.18% 29,799.00 2.29% 1.03%02.150% 120624DTD120619 FC060620

93.93 1.27%
UNITED HEALTH GROUP INC 2,000,000.00 100.14 2,002,853.89 1,822,482.22 -1,908.75 -180,371.67 -9.01% 23,000.00 1.26% 1.42%01.150% 051526DTD051921 FC111521CALL@MW+07.50BP

91.07 1.75%
Total Corporate IG Credit $30,141,890.67 $27,882,573.48 $-695,112.96 $-2,259,317.19 -7.50% $513,808.25 26.82% 1.84% 21.74% Total US $105,811,081.7 $103,945,776.22 $-720,469.91 $-7,265,672.73 -6.87% $1,883,235.75 100.00 1.81% 81.04% Total Fixed Income $105,811,081.7 $103,945,776.22 $-720,469.91 $-7,265,672.73 -6.87% $1,883,235.75 100.00 1.81% 81.04% 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: June 01, 2023 Page 18 of 40 Item #6. Page 21
Meeting Date: 6/27/2023 / Packet Page #: 502
Consolidated report prepared for City of Glendora
Portfolio Holdingsas of May 31, 2023 (continued)Total Portfolio $124,732,819. $128,262,669.07 $-7,265,672.73 -5.82% $2,149,216.91 1.68% 100% 100% Unrealized
gain/loss
(%)
Unrealized
gain/loss ($)
% of
asset
class
Est. annual
Cost basis ($) income ($)
Current
Market value ($) yield (%)
% of
portfolio
Total accrued interest (included in market values): $422,935.80 Assets held at other financial institutions are included in this report. We have not verified, and are not responsible for, the accuracy or completeness of this information.Report created on: June 01, 2023 Page 19 of 40 Item #6. Page 22
Meeting Date: 6/27/2023 / Packet Page #: 503
Consolidated report prepared for City of Glendora
Bond Holdingsas of May 31, 2023Summary of Bond HoldingsMaturityYear Yield to
maturity (%)
Yield to
worst (%)
Unrealized
Issues gain/loss ($) Mkt. value ($)
Est. annual
income ($)
Adjusted
cost basis ($)
Modified
duration
Current
Quantity yield (%) % of bond portfolio maturing
2023 6 3,185,000 35,815.00 1.15% 5.42% 5.42% 0.48 3,188,252.21 -71,997.36 3,119,625.44

3.01%
2024 30 19,794,000 387,050.50 2.04% 5.31% 5.31% 1.19 19,323,422.28 -345,127.63 19,078,158.36

18.33%
2025 51 44,073,000 556,338.75 1.36% 4.86% 4.86% 1.99 44,423,234.92 -3,450,834.30 41,088,951.32

39.58%
2026 31 28,540,000 364,385.00 1.41% 5.04% 5.04% 2.84 26,085,225.99 -222,150.59 25,946,741.43

24.98%
2027 10 9,175,000 204,396.50 2.43% 4.65% 4.65% 3.49 8,545,936.19 -120,469.44 8,474,661.79

8.14%
2028 5 6,245,000 335,250.00 5.44% 5.67% 5.67% 4.11 4,245,010.17 1,922,337.98 6,237,637.88

5.96%
2029 0 0 N/A N/A N/A2030 0 0 N/A N/A N/A2031 0 0 N/A N/A N/A2032 0 0 N/A N/A N/A2033 0 0 N/A N/A N/A2034 0 0 N/A N/A N/A2035 0 0 N/A N/A N/A2036 0 0 N/A N/A N/A2037 0 0 N/A N/A N/A2038 0 0 N/A N/A N/A2039 0 0 N/A N/A N/A2040 0 0 N/A N/A N/A2041 0 0 N/A N/A N/A2042 0 0 N/A N/A N/A2043 0 0 N/A N/A N/A2044 0 0 N/A N/A N/A2045 0 0 N/A N/A N/A2046 0 0 N/A N/A N/A2047 0 0 N/A N/A N/A2048 0 0 N/A N/A N/A2048 + 0 0 N/A N/A N/AOther 0 0 N/A N/A N/ATotal 133 111,012,000 $1,883,235.75 1.82% 5.03% 5.03% 2.21 $105,811,081.76 $-2,288,241.34 $103,945,776.22Includes all fixed-rate securities in the selected portfolio. Average yields and durations exclude Structured Product, Pass-Through, Perpetual Preferred, and Foreign securities.Report created on: June 01, 2023 Page 20 of 40 Item #6. Page 23
Meeting Date: 6/27/2023 / Packet Page #: 504
Consolidated report prepared for City of Glendora
Bond Holdingsas of May 31, 2023 (continued)
Effective rating/
Underlying rating
(Mdy/Fitch/S&P)
Mkt. value ($)/
Accr. interest ($)
Adjusted
cost basis ($)/
Unreal. g/l ($)
Call date/
Coupon Call price ($)
Modified
duration
YTM (%)/
Quantity YTW (%)
Effective
maturity
% of
bond
port.

Market
price ($)

5.03%5.03%
10/22/2025 N/A 2.21$105,811,081.7 N/A $103,522,840.42
$-2,288,241.34
111,012,000

1.82% $422,935.80

1.74% $1,883,235.75 100%
$103,945,776.22
Total Bond Portfolio
Details of Bond Holdings
Est. annual
income ($)/
Curr. yield (%)
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 99.841

42.96 3.20%

3.21% -389.55
06/29/2023 0.08 244,610.45 0.24%

5.21%
PRIME ALLIANCE BK UT US 7,840.00 5.21%RT 03.2000% MAT 06/29/23FIXED RATE CD /UT CD
245,000 245,000.00 99.335
1,417.64

3.30%

3.32% -1,629.25
09/28/2023 0.32 243,370.75 0.24%

5.33%
NEIGHBORS FED CRED LA US 8,085.00 5.33%RT 03.3000% MAT 09/28/23FIXED RATE CD /LA CD
245,000 245,000.00 98.499

0.00 1.65%

1.68% -3,677.45
10/31/2023 N/A 241,322.55 0.23%
N/A
MERRICK BK UT US RT 4,042.50 N/A01.6500% MAT 10/31/23FIXED RATE CD /UT CD
245,000 245,000.00 98.227

22.82 1.70%

1.73% -4,343.85
11/29/2023 0.48 240,656.15 0.23%

5.36%
BAY ST SVGS BK MA US RT 4,165.00 5.36%01.7000% MAT 11/29/23FIXED RATE CD /MA CD
205,000 208,252.21 99.139

20.50 3.65%

3.68% -5,017.26
12/11/2023 0.52 203,234.95 0.20%

5.30%
VYSTAR CREDIT UNIO FL US 7,482.50 5.30%RT 03.6500% MAT 12/11/23LICU SHARE CERTIFICATE /FL CD
2,000,000 2,000,000.00 97.153
1,866.67

0.21%

0.22% -56,940.00
12/21/2023 0.54 1,943,060.00 1.88%

5.48%
4,200.00 5.48%

NR/NR/NR
FFCB BOND 00.210 % DUE Aaa/AAA/AA+122123 DTD 122120 FC06212021 Total 2023 3,185,000 1.14% 11/25/2023 $35,815.00

1.15%

5.42%5.42%

0.48 $3,188,252.21
$-71,997.36
$3,116,254.85
$3,370.59

3.01%
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: June 01, 2023 Page 21 of 40 Item #6. Page 24
Meeting Date: 6/27/2023 / Packet Page #: 505
Consolidated report prepared for City of Glendora
Bond Holdingsas of May 31, 2023 (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 0.00 99.742
131.56

4.90%

4.91% 244,367.90
01/26/2024 0.64 244,367.90 0.24%

5.30%
WORKERS CREDIT UNI MA 12,005.00 5.30%US RT 04.9000% MAT01/26/24 LICU SHARECERTIFICATE /MA CD
245,000 245,000.00 98.327
2,066.05

2.85%

2.90% -4,098.85
02/12/2024 0.68 240,901.15 0.23%

5.29%
HOME SAVINGS BANK UT US 6,982.50 5.29%RT 02.8500% MAT 02/12/24FIXED RATE CD /UT CD
245,000 245,000.00 98.300
306.08

2.85%

2.90% -4,165.00
02/15/2024 0.70 240,835.00 0.23%

5.29%
BANK OF NEW ENGLAN NH 6,982.50 5.29%US RT 02.8500% MAT02/15/24 FIXED RATE CD /NH CD
245,000 245,000.00 98.261
210.43

2.85%

2.90% -4,260.55
02/21/2024 0.72 240,739.45 0.23%

5.29%
FIRST N/B MCGREG TX US RT 6,982.50 5.29%02.8500% MAT 02/21/24FIXED RATE CD /TX CD
245,000 245,000.00 99.840
1,026.99

5.10%

5.11% -392.00
03/08/2024 0.75 244,608.00 0.24%

5.31%
LIBERTY FED CREDIT IN US RT 12,495.00 5.31%05.1000% MAT 03/08/24LICU SHARE CERTIFICATE /IN CD
245,000 245,000.00 97.278
605.45

2.20%

2.26% -6,668.90
04/17/2024 0.85 238,331.10 0.23%

5.40%
BEAL BANK - PLANO TX US 5,390.00 5.40%RT 02.2000% MAT 04/17/24FIXED RATE CD /TX CD
1,664,000 1,698,615.54 97.675
2,218.67

3.00%

3.07% -73,303.54
05/15/2024 0.92 1,625,312.00 1.57%

5.53%
49,920.00 5.53%

NR/NR/NR
A3/WD/A- IBM CORP NTS B/E 03.000%
051524 DTD051519FC111519 CALL@MW+15BP
245,000 245,000.00 95.076

0.00 0.30%

0.32% -12,063.80
05/28/2024 0.99 232,936.20 0.23%

5.41%
CONNEXUS CREDIT UN WI 735.00 5.41%US RT 00.3000% MAT05/28/24 CREDIT UNIONSHARE CERT /WI CD
245,000 245,000.00 95.137

7.05 0.35%

0.37% -11,914.35
05/28/2024 06/28/2023 0.96 233,085.65 0.23%

5.45%5.45%
100.00
WEBBANK UT US RT 857.5000.3500% MAT 05/28/24FIXED RATE CD /UT CD
240,000 240,000.00 97.392
187.40

2.85%

2.93% -6,259.20
06/21/2024 06/21/2023 1.04 233,740.80 0.23%

5.39%5.39%
100.00
VALLEY STRONG CRED CA 6,840.00US RT 02.8500% MAT06/21/24 FIXED RATE CD /CA CD
245,000 245,000.00 96.738
1,797.23

2.25%

2.33% -7,991.90
06/28/2024 1.03 237,008.10 0.23%

5.39%
COMMUNITYWIDE FED IN US 5,512.50 5.39%RT 02.2500% MAT 06/28/24FIXED RATE CD /IN 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: June 01, 2023 Page 22 of 40 Item #6. Page 25
Meeting Date: 6/27/2023 / Packet Page #: 506
Consolidated report prepared for City of Glendora
Bond Holdingsas of May 31, 2023 (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 ($)/
Unreal. g/l ($)
2,000,000 2,000,000.00 97.560
25,925.00

3.05%

3.13% -48,800.00
06/28/2024 06/28/2023 1.02 1,951,200.00 1.88%

5.41%5.41%
100.00
61,000.00

NR/NR/NR
FHLMC MED TERM NTS Aaa/AAA/AA+03.050 % DUE 062824 DTD062822 FC 12282022 245,000 245,000.00 97.771
3,337.71

3.25%

3.32% -5,461.05
07/01/2024 1.03 239,538.95 0.23%

5.39%
OCEANFIRST BK NA NJ US RT 7,962.50 5.39%03.2500% MAT 07/01/24FIXED RATE CD /NJ CD
245,000 245,000.00 97.703
2,630.90

3.35%

3.43% -5,627.65
08/05/2024 1.13 239,372.35 0.23%

5.37%
SALLIE MAE BANK UT US RT 8,207.50 5.37%03.3500% MAT 08/05/24FIXED RATE CD /UT CD
1,122,000 1,138,854.31 96.841
7,598.43

2.30%

2.38% -52,298.29
08/15/2024 07/15/2024 1.16 1,086,556.02 1.05%

5.03%5.03%
100.00
25,806.00

NR/NR/NR
HONEYWELL INTL NTS B/E A2/A/A02.300% 081524DTD080819CALL@MW+10BP 1,000,000 997,067.75 96.938
6,888.81

2.38%

2.45% -27,687.75
08/15/2024 1.16 969,380.00 0.94%

5.01%
23,750.00 5.01%

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 96.037
1,315.62

2.00%

2.08% -9,709.35
08/22/2024 1.18 235,290.65 0.23%

5.37%
MORGAN STANLEY PRV NY 4,900.00 5.37%US RT 02.0000% MAT08/22/24 FIXED RATE CD /NY CD
245,000 245,000.00 95.759

0.00 1.85%

1.93% -10,390.45
08/30/2024 1.23 234,609.55 0.23%

5.37%
FIRST NATL BK KS US RT 4,532.50 5.37%01.8500% MAT 08/30/24FIXED RATE CD /KS CD
245,000 245,000.00 95.699

0.00 1.80%

1.88% -10,537.45
08/30/2024 1.23 234,462.55 0.23%

5.37%
FIRST ST BK AR US RT 4,410.00 5.37%01.8000% MAT 08/30/24FIXED RATE CD /AR CD
250,000 0.00 99.913
3,218.13

5.15%

5.15% 249,782.50
09/01/2024 1.18 249,782.50 0.24%

5.21%
12,872.50 5.21%

NR/NR/NR
SULPHUR SPRINGS CAL UNI NR/NR/AATAX SR F BE/R/ 5.149 090124DTD 110322 /CA 2,000,000 1,988,920.00 94.570
2,708.33

0.63%

0.66% -97,520.00
09/13/2024 1.25 1,891,400.00 1.83%

5.05%
12,500.00 5.05%

NR/NR/NR
TOYOTA MOTOR CRDT A1/A+/A+CORP 00.625% 091324DTD091321 FC031322 NTSB/E 2,000,000 2,000,000.00 93.884
1,662.22

0.44%

0.47% -122,320.00
09/23/2024 1.27 1,877,680.00 1.81%

5.33%
8,800.00 5.33%

NR/NR/NR
FFCB BOND 00.440 % DUE Aaa/AAA/AA+092324 DTD 092321 FC03232022Includes 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: June 01, 2023 Page 23 of 40 Item #6. Page 26
Meeting Date: 6/27/2023 / Packet Page #: 507
Consolidated report prepared for City of Glendora
Bond Holdingsas of May 31, 2023 (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 ($)/
Unreal. g/l ($)
248,000 252,866.02 95.776
937.64

2.00%

2.09% -15,341.54
09/23/2024 1.27 237,524.48 0.23%

5.36%
MONEY ONE FED CRED MD 4,960.00 5.36%US RT 02.0000% MAT09/23/24 FIXED RATE CD/MD CD
219,000 219,000.00 95.042

0.00 1.70%

1.79% -10,858.02
10/31/2024 N/A 208,141.98 0.20%
N/A
CITIZENS ST BK CLA WI US 3,723.00 N/ART 01.7000% MAT 10/31/24FIXED RATE CD /WI CD
245,000 245,000.00 95.133
277.89

1.80%

1.89% -11,924.15
11/08/2024 1.39 233,075.85 0.23%

5.35%
RAYMOND JAMES BK N FL 4,410.00 5.35%US RT 01.8000% MAT11/08/24 FIXED RATE CD /FL CD
245,000 245,000.00 95.203

78.53 1.95%

2.05% -11,752.65
11/25/2024 1.43 233,247.35 0.23%

5.35%
THIRD FED S&L ASSN OH US 4,777.50 5.35%RT 01.9500% MAT 11/25/24FIXED RATE CD /OH CD
245,000 245,000.00 94.859

23.49 1.75%

1.84% -12,595.45
11/29/2024 1.47 232,404.55 0.22%

5.33%
MCHENRY SVGS BK IL US RT 4,287.50 5.33%01.7500% MAT 11/29/24FIXED RATE CD /IL CD
1,386,000 1,403,062.16 93.932
14,485.63

2.15%

2.29% -101,164.64
12/06/2024 11/06/2024 1.43 1,301,897.52 1.26%

6.42%6.42%
100.00
29,799.00

NR/NR/NR
TRUIST BANK NTS B/E A2/A+/A02.150% 120624DTD120619 FC060620 2,000,000 2,000,000.00 93.892
9,268.89

0.97%

1.03% -122,160.00
12/09/2024 1.47 1,877,840.00 1.81%

5.19%
19,400.00 5.19%

NR/NR/NR
FEDERAL FARM CREDIT Aaa/AAA/AA+BANK 00.970 % DUE120924 DTD 120921 FC06092022 1,500,000 1,465,036.50 95.535
10,949.59

1.75%

1.83% -32,011.50
12/31/2024 1.52 1,433,025.00 1.38%

4.71%
26,250.00 4.71%

NR/NR/NR
US TSY NOTE 01.750 % DUE NR/AAA/NR12/31/24 DTD 12/31/19 FC06/30/20 Total 2024 19,794,000 1.97% 08/28/2024 $387,050.50

2.04%

5.31%5.31%

1.19$19,323,422.28
$-345,127.63
$18,978,294.65
$99,863.71

18.33%
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: June 01, 2023 Page 24 of 40 Item #6. Page 27
Meeting Date: 6/27/2023 / Packet Page #: 508
Consolidated report prepared for City of Glendora
Bond Holdingsas of May 31, 2023 (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 ($)/
Unreal. g/l ($)
1,124,000 1,151,467.68 95.765
9,088.79

2.05%

2.14% -75,069.08
01/09/2025 1.54 1,076,398.60 1.04%

4.82%
23,042.00 4.82%

NR/NR/NR
JOHN DEERE CAPITAL CORP A2/A+/A02.050% 010925DTD010920 FC070920 NTSB/E 1,017,000 1,050,910.90 97.175
11,300.00

3.13%

3.22% -62,641.15
01/23/2025 10/23/2024 1.56 988,269.75 0.95%

4.93%4.93%
100.00
31,781.25

NR/NR/NR
A1/AA-/A- JPMORGAN CHASE & CO B/E

03.125% 012325DTD012315 FC072315
1,000,000 1,036,255.02 96.955
8,175.00

2.70%

2.78% -66,705.02
02/12/2025 11/12/2024 1.62 969,550.00 0.94%

4.58%4.58%
100.00
27,000.00

NR/NR/NR
MICROSOFT CORP B/E Aaa/WD/AAA02.700% 021225DTD021215 FC081215CALL@MW+12.5BP 245,000 245,000.00 93.864

42.96 1.60%

1.70% -15,033.20
02/27/2025 1.71 229,966.80 0.22%

5.29%
BELL ST B&T ND US RT 3,920.00 5.29%01.6000% MAT 02/27/25FIXED RATE CD /ND CD
245,000 245,000.00 93.947

44.30 1.65%

1.76% -14,829.85
02/27/2025 1.71 230,170.15 0.22%

5.29%
CITADEL FED CREDIT PA US 4,042.50 5.29%RT 01.6500% MAT 02/27/25CREDIT UNION SHARE CERT/PA CD
2,000,000 2,030,355.62 95.488
9,777.78

2.00%

2.09% -120,595.62
03/03/2025 02/03/2025 1.69 1,909,760.00 1.84%

4.71%4.71%
100.00
40,000.00

NR/NR/NR
MASTERCARD INC NTS B/E Aa3/NR/A+02.000% 030325DTD120319 FC030320CALL@MW+10BP 245,000 245,186.74 94.178
1,063.23

1.80%

1.91% -14,450.64
03/04/2025 1.69 230,736.10 0.22%

5.30%
BMW BANK NORTH AME UT 4,410.00 5.30%US RT 01.8000% MAT03/04/25 FIXED RATE CD /UT CD
245,000 245,000.00 92.642

80.55 1.00%

1.08% -18,027.10
03/19/2025 1.78 226,972.90 0.22%

5.29%
SOMERSET TRUST CO PA US 2,450.00 5.29%RT 01.0000% MAT 03/19/25FIXED RATE CD /PA CD
1,054,000 1,108,058.55 97.699
6,569.93

3.40%

3.48% -78,311.09
03/25/2025 02/25/2025 1.73 1,029,747.46 0.99%

4.73%4.73%
100.00
35,836.00

NR/NR/NR
INTEL CORP NTS B/E A2/A-/A03.400% 032525DTD032520CALL@MW+45BP 245,000 245,000.00 94.351
899.45

2.00%

2.12% -13,840.05
03/25/2025 1.74 231,159.95 0.22%

5.30%
SYNCHRONY BANK UT US RT 4,900.00 5.30%02.0000% MAT 03/25/25FIXED RATE 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: June 01, 2023 Page 25 of 40 Item #6. Page 28
Meeting Date: 6/27/2023 / Packet Page #: 509
Consolidated report prepared for City of Glendora
Bond Holdingsas of May 31, 2023 (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 92.735

29.53 1.10%

1.19% -17,799.25
03/27/2025 1.80 227,200.75 0.22%

5.29%
SAN FRANCISCO FED CA US 2,695.00 5.29%RT 01.1000% MAT 03/27/25LICU SHARE CERTIFICATE/CA CD
245,000 245,000.00 92.914
139.62

1.30%

1.40% -17,360.70
04/15/2025 1.84 227,639.30 0.22%

5.28%
HORIZON BK NE US RT 3,185.00 5.28%01.3000% MAT 04/15/25FIXED RATE CD /NE CD
2,000,000 2,051,421.86 95.509
5,750.00

2.25%

2.36% -141,241.86
04/15/2025 03/15/2025 1.80 1,910,180.00 1.85%

4.78%4.78%
100.00
45,000.00

NR/NR/NR
TARGET CORP NTS B/E A2/A/A02.250% 041525DTD033120 FC101520CALL@MW+30BP 245,000 245,000.00 93.044
407.77

1.35%

1.45% -17,042.20
04/16/2025 1.81 227,957.80 0.22%

5.29%
PACIFIC WSTN BK CA US RT 3,307.50 5.29%01.3500% MAT 04/16/25FIXED RATE CD /CA CD
2,000,000 2,000,000.00 92.381
1,577.78

0.71%

0.77% -152,380.00
04/21/2025 1.83 1,847,620.00 1.78%

4.99%
14,200.00 4.99%

NR/NR/NR
FFCB BOND 00.710 % DUE Aaa/AAA/AA+042125 DTD 042121 FC10212021 245,000 245,000.00 92.286
208.08

1.00%

1.08% -18,899.30
04/30/2025 1.85 226,100.70 0.22%

5.28%
CENTERSTATE BK NA FL US 2,450.00 5.28%RT 01.0000% MAT 04/30/25FIXED RATE CD /FL CD
245,000 245,000.00 92.376
218.49

1.05%

1.14% -18,678.80
04/30/2025 1.85 226,321.20 0.22%

5.28%
FLAGSTAR BANK, FSB MI US 2,572.50 5.28%RT 01.0500% MAT 04/30/25FIXED RATE CD /MI CD
245,000 245,000.00 92.592

8.05 1.20%

1.30% -18,149.60
04/30/2025 1.89 226,850.40 0.22%

5.27%
PACIFIC CREST SVGS WA US 2,940.00 5.27%RT 01.2000% MAT 04/30/25FIXED RATE CD /WA CD
245,000 245,000.00 91.728

96.66 0.80%

0.87% -20,266.40
05/13/2025 1.93 224,733.60 0.22%

5.27%
SAVOY BK NY US RT 1,960.00 5.27%00.8000% MAT 05/13/25FIXED RATE CD /NY CD
2,026,000 2,055,460.00 93.711
1,305.64

1.45%

1.55% -156,875.14
05/15/2025 1.89 1,898,584.86 1.83%

4.86%
29,377.00 4.86%

NR/NR/NR
CATERPILLAR FINL SERVICE A2/A+/A01.450% 051525DTD051520 FC111520CALL@MW+20BP 245,000 245,000.00 91.707

85.92 0.80%

0.87% -20,317.85
05/15/2025 1.93 224,682.15 0.22%

5.27%
ENCORE BANK AR US RT 1,960.00 5.27%00.8000% MAT 05/15/25FIXED RATE CD /AR 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: June 01, 2023 Page 26 of 40 Item #6. Page 29
Meeting Date: 6/27/2023 / Packet Page #: 510
Consolidated report prepared for City of Glendora
Bond Holdingsas of May 31, 2023 (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 92.138
453.33

0.68%

0.74% -157,240.00
05/19/2025 1.91 1,842,760.00 1.78%

4.92%
13,600.00 4.92%

NR/NR/NR
FFCB BOND 00.680 % DUE Aaa/AAA/AA+051925 DTD 051921 FC11192021 2,000,000 2,000,000.00 91.980
271.11

0.61%

0.66% -160,400.00
05/23/2025 1.92 1,839,600.00 1.78%

4.91%
12,200.00 4.91%

NR/NR/NR
FFCB BOND 00.610 % DUE Aaa/AAA/AA+052325 DTD 082321 FC11232021 2,000,000 2,000,000.00 92.166
121.67

0.73%

0.79% -156,680.00
05/28/2025 08/28/2023 1.93 1,843,320.00 1.78%

4.91%4.91%
100.00
14,600.00

NR/NR/NR
FHLMC MED TERM NTS Aaa/AAA/NR00.730 % DUE 052825 DTD052820 FC 11282020 1,000,000 1,001,956.33 92.906
3,955.56

0.80%

0.86% -72,896.33
06/03/2025 05/03/2025 1.94 929,060.00 0.90%

4.54%4.54%
100.00
8,000.00

NR/NR/NR
AMAZON COM INC NTS B/E A1/AA-/AA00.800% 060325DTD060320CALL@MW+10BP 245,000 245,000.00 91.927
692.71

0.60%

0.65% -19,778.85
06/10/2025 1.96 225,221.15 0.22%

4.83%
STOCKMAN BK MT US RT 1,470.00 4.83%00.6000% MAT 06/10/25FIXED RATE CD /MT CD
2,000,000 2,000,000.00 91.858
5,500.00

0.60%

0.65% -162,840.00
06/16/2025 1.98 1,837,160.00 1.77%

4.84%
12,000.00 4.84%

NR/NR/NR
FFCB BOND 00.600 % DUE Aaa/AAA/AA+061625 DTD 061621 FC12162021 245,000 245,000.00 91.253

52.36 0.65%

0.71% -21,430.15
06/19/2025 2.03 223,569.85 0.22%

5.15%
ENERBANK UT US RT 1,592.50 5.15%00.6500% MAT 06/19/25FIXED RATE CD /UT CD
245,000 245,000.00 91.250

48.33 0.60%

0.66% -21,437.50
06/19/2025 2.03 223,562.50 0.22%

5.10%
MORTON CMNTY BK IL US 1,470.00 5.10%RT 00.6000% MAT 06/19/25FIXED RATE CD /IL CD
245,000 245,000.00 91.174

20.14 0.60%

0.66% -21,623.70
06/26/2025 2.05 223,376.30 0.22%

5.10%
FIRST CAROLINA BK NC US 1,470.00 5.10%RT 00.6000% MAT 06/26/25FIXED RATE CD /NC CD
2,000,000 2,000,000.00 91.788
5,208.33

0.63%

0.68% -164,240.00
06/30/2025 06/30/2023 2.02 1,835,760.00 1.77%

4.81%4.81%
100.00
12,500.00

NR/NR/NR
FHLB BOND 00.625 % DUE Aaa/NR/AA+063025 DTD 063021 FC12302021 2,141,000 2,174,828.24 93.586
13,749.98

1.70%

1.82% -171,151.98
07/15/2025 06/15/2025 2.03 2,003,676.26 1.94%

4.92%4.92%
100.00
36,397.00

NR/NR/NR
E I DU PONT DE NEMOURS A3/A/A01.700% 071525DTD051520 FC011521CALL@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: June 01, 2023 Page 27 of 40 Item #6. Page 30
Meeting Date: 6/27/2023 / Packet Page #: 511
Consolidated report prepared for City of Glendora
Bond Holdingsas of May 31, 2023 (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 91.979
1,777.78

0.50%

0.54% -78,710.00
07/23/2025 2.08 919,790.00 0.89%

4.46%
5,000.00 4.46%

NR/NR/NR
FHLMC MED TERM NTS Aaa/AAA/NR00.500 % DUE 072325 DTD072320 FC 01232021 245,000 245,000.00 90.410

3.69 0.55%

0.61% -23,495.50
07/30/2025 2.14 221,504.50 0.21%

5.25%
MEDALLION BK UT US RT 1,347.50 5.25%00.5500% MAT 07/30/25FIXED RATE CD /UT CD
1,000,000 999,950.00 91.217
1,486.11

0.50%

0.55% -87,780.00
08/14/2025 08/14/2023 2.14 912,170.00 0.88%

4.75%4.75%
100.00
5,000.00

NR/NR/NR
FNMA NTS 00.500 % DUE Aaa/AAA/AA+081425 DTD 081420 FC02142021 1,000,000 1,056,935.85 97.126
9,937.50

3.38%

3.47% -85,675.85
08/15/2025 05/15/2025 2.07 971,260.00 0.94%

4.76%4.76%
100.00
33,750.00

NR/NR/NR
COMCAST CORP NEW B/E A3/A-/A03.375% 081525DTD052715 FC081515CALL@MW+20BP 245,000 245,000.00 89.809

13.42 0.40%

0.45% -24,967.95
08/26/2025 2.22 220,032.05 0.21%

5.23%
COMMUNITY BK TN US RT 980.00 5.23%00.4000% MAT 08/26/25FIXED RATE CD /TN CD
245,000 245,000.00 89.786

8.05 0.40%

0.45% -25,024.30
08/28/2025 2.22 219,975.70 0.21%

5.23%
BANK3 TENNESSEE TN US RT 980.00 5.23%00.4000% MAT 08/28/25FIXED RATE CD /TN CD
988,000 983,948.13 97.901
10,301.96

4.13%

4.21% -16,686.25
08/28/2025 08/28/2023 2.09 967,261.88 0.93%

5.12%5.12%
100.00
40,755.00

NR/NR/NR
FNMA NTS 04.125 % DUE Aaa/AAA/AA+082825 DTD 083022 FC02282023 245,000 245,000.00 89.775

80.55 0.40%

0.45% -25,051.25
08/29/2025 2.23 219,948.75 0.21%

5.23%
HOME LN INVT BK RI US RT 980.00 5.23%00.4000% MAT 08/29/25FIXED RATE CD /RI CD
2,000,000 2,000,000.00 91.299
2,786.67

0.66%

0.72% -174,020.00
09/15/2025 2.22 1,825,980.00 1.76%

4.71%
13,200.00 4.71%

NR/NR/NR
FFCB BOND 00.660 % DUE Aaa/AAA/AA+091525 DTD 091521 FC03152022 245,000 245,000.00 89.516

24.16 0.40%

0.45% -25,685.80
09/22/2025 06/22/2023 2.29 219,314.20 0.21%

5.22%5.22%
100.00
AMERICAN COMM BK GA 980.00US RT 00.4000% MAT09/22/25 FIXED RATE CD /GA CD
108,000 108,000.00 89.597

72.49 0.35%

0.39% -11,235.24
09/22/2025 2.25 96,764.76 0.09%

5.18%
CHAMBERS BANK AK US RT 378.00 5.18%00.3500% MAT 09/22/25FIXED RATE CD /AK 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: June 01, 2023 Page 28 of 40 Item #6. Page 31
Meeting Date: 6/27/2023 / Packet Page #: 512
Consolidated report prepared for City of Glendora
Bond Holdingsas of May 31, 2023 (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 89.699
211.44

0.50%

0.56% -25,237.45
09/29/2025 06/29/2023 2.29 219,762.55 0.21%

5.22%5.22%
100.00
USALLIANCE FED CRE NY US 1,225.00RT 00.5000% MAT 09/29/25FIXED RATE CD /NY CD
245,000 245,000.00 90.162
286.62

0.70%

0.78% -24,103.10
09/30/2025 09/30/2023 2.26 220,896.90 0.21%

5.23%5.23%
100.00
JPMORGAN CHASE BK OH 1,715.00US RT 00.7000% MAT09/30/25 FIXED RATE CD /OH CD
245,000 245,000.00 98.403
332.26

4.50%

4.57% -3,912.65
10/20/2025 06/20/2023 2.26 241,087.35 0.23%

5.21%5.21%
100.00
GREAT STHN BK MO US RT 11,025.0004.5000% MAT 10/20/25FIXED RATE CD /MO CD
245,000 245,000.00 89.238

32.22 0.60%

0.67% -26,366.90
10/23/2025 06/23/2023 2.37 218,633.10 0.21%

5.39%5.39%
100.00
TEXAS EXCHANGE BK TX US 1,470.00RT 00.6000% MAT 10/23/25FIXED RATE CD /TX CD
2,000,000 2,000,000.00 90.730
1,020.00

0.54%

0.60% -185,400.00
10/27/2025 10/27/2023 2.34 1,814,600.00 1.75%

4.66%4.66%
100.00
10,800.00

NR/NR/NR
FNMA NTS 00.540 % DUE Aaa/AAA/AA+102725 DTD 102720 FC04272021 2,000,000 2,000,000.00 90.678
435.56

0.56%

0.62% -186,440.00
11/17/2025 11/17/2023 2.39 1,813,560.00 1.75%

4.61%4.61%
100.00
11,200.00

NR/NR/NR
FNMA NTS 00.560 % DUE Aaa/AAA/AA+111725 DTD 111720 FC05172021 2,000,000 2,000,000.00 90.714
233.33

0.60%

0.66% -185,720.00
11/24/2025 2.41 1,814,280.00 1.75%

4.60%
12,000.00 4.60%

NR/NR/NR
FFCB BOND 00.600 % DUE Aaa/AAA/AA+112425 DTD 112420 FC05242021 245,000 245,000.00 88.943
563.84

0.50%

0.56% -27,089.65
12/15/2025 2.46 217,910.35 0.21%

5.20%
BK HAPOALIM BM NY US RT 1,225.00 5.20%00.5000% MAT 12/15/25FIXED RATE CD /NY CD
Total 2025 44,073,000 1.28% 06/20/2025 $556,338.75

1.36%

4.86%4.86%

1.99$44,423,234.92
$-3,450,834.30
$40,972,400.62
$116,550.70

39.58%
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: June 01, 2023 Page 29 of 40 Item #6. Page 32
Meeting Date: 6/27/2023 / Packet Page #: 513
Consolidated report prepared for City of Glendora
Bond Holdingsas of May 31, 2023 (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 2,002,074.72 90.677
5,288.89

0.70%

0.77% -188,534.72
01/15/2026 2.54 1,813,540.00 1.75%

4.51%
14,000.00 4.51%

NR/NR/NR
JOHN DEERE CPTL CORP A2/A+/A00.700% 011526DTD010721 FC071521 MEDTERM NTS 1,175,000 0.00 99.057
21,450.28

5.30%

5.35% 1,163,919.75
01/27/2026 07/27/2023 2.40 1,163,919.75 1.12%

5.68%5.68%
100.00
62,275.00

NR/NR/NR
FHLMC MED TERM NTS Aaa/AAA/AA+05.300 % DUE 012726 DTD012723 FC 07272023 245,000 0.00 97.685
3,366.23

4.25%

4.35% 239,328.25
02/02/2026 2.46 239,328.25 0.23%

5.18%
MORGAN STANLEY BK UT US 10,412.50 5.18%RT 04.2500% MAT 02/02/26FIXED RATE CD /UT CD
1,200,000 1,200,000.00 88.296
2,533.33

0.80%

0.91% -140,448.00
02/26/2026 02/26/2024 2.63 1,059,552.00 1.02%

5.46%5.46%
100.00
9,600.00

NR/NR/NR
A1/AA-/A- JPMORGAN CHASE & CO

00.800% 022626DTD022621 FC082621 MEDTERM NTS
245,000 245,000.00 96.497
2,780.25

3.80%

3.94% -8,582.35
03/11/2026 06/11/2023 2.58 236,417.65 0.23%

5.16%5.16%
100.00
CFG COMMUNITY BANK MD 9,310.00US RT 03.8000% MAT03/11/26 FIXED RATE CD/MD CD
2,000,000 1,989,860.00 87.760
4,000.00

0.90%

1.03% -234,660.00
03/11/2026 02/11/2026 2.67 1,755,200.00 1.70%

5.73%5.73%
100.00
18,000.00

NR/NR/NR
CHARLES SCHWAB CORP A2/A/ANTS 00.900% 031126DTD121120 FC031121CALL@MW+10BP 245,000 245,000.00 88.673
397.37

0.80%

0.90% -27,751.15
03/18/2026 06/18/2023 2.73 217,248.85 0.21%

5.17%5.17%
100.00
BMO HARRIS BK NA IL US RT 1,960.0000.8000% MAT 03/18/26FIXED RATE CD /IL CD
245,000 0.00 99.683
372.87

5.05%

5.07% 244,223.35
03/20/2026 2.60 244,223.35 0.24%

5.17%
AFFINITY PLUS MN US RT 12,372.50 5.17%05.0500% MAT 03/20/26LICU SHARE CERTIFICATE/MN CD
245,000 0.00 99.552
369.18

5.00%

5.02% 243,902.40
03/20/2026 2.61 243,902.40 0.24%

5.17%
VALLEYSTAR CR UN M VA 12,250.00 5.17%US RT 05.0000% MAT03/20/26 LICU SHARECERTIFICATE /VA CD
245,000 0.00 99.554
1,006.85

5.00%

5.02% 243,907.30
03/23/2026 2.61 243,907.30 0.24%

5.17%
TECHNOLOGY CREDIT CA US 12,250.00 5.17%RT 05.0000% MAT 03/23/26CREDIT UNION SHARE CERT/CA 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: June 01, 2023 Page 30 of 40 Item #6. Page 33
Meeting Date: 6/27/2023 / Packet Page #: 514
Consolidated report prepared for City of Glendora
Bond Holdingsas of May 31, 2023 (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 0.00 99.549
2,282.19

5.00%

5.02% 243,895.05
03/24/2026 2.57 243,895.05 0.24%

5.17%
CIBC BANK ILLINOIS IL US RT 12,250.00 5.17%05.0000% MAT 03/24/26FIXED RATE CD /IL CD
245,000 245,000.00 88.907
404.75

0.90%

1.01% -27,177.85
03/25/2026 2.71 217,822.15 0.21%

5.18%
STATE BANK OF INDI NY US 2,205.00 5.18%RT 00.9000% MAT 03/25/26FIXED RATE CD /NY CD
2,000,000 2,000,000.00 91.703
3,500.00

1.05%

1.15% -165,940.00
03/30/2026 N/A 1,834,060.00 1.77%
N/A
21,000.00 N/A

NR/NR/NR
FHLB NTS 1.0500% DUE Aaa/NR/AA+033026 DTD 033021 FC09302021 245,000 245,000.00 88.907

0.00 0.95%

1.07% -27,177.85
03/31/2026 05/31/2023 N/A 217,822.15 0.21%
N/AN/A
100.00
BANKUNITED NA FLOR FL US 2,327.50RT 00.9500% MAT 03/31/26FIXED RATE CD /FL CD
245,000 245,000.00 88.755
191.30

0.95%

1.07% -27,550.25
04/16/2026 2.82 217,449.75 0.21%

5.16%
GREENSTATE CREDIT IA US 2,327.50 5.16%RT 00.9500% MAT 04/16/26FIXED RATE CD /IA CD
245,000 245,000.00 88.656
235.60

0.90%

1.02% -27,792.80
04/22/2026 2.79 217,207.20 0.21%

5.17%
TOYOTA FINL SVG BK NV US 2,205.00 5.17%RT 00.9000% MAT 04/22/26FIXED RATE CD /NV CD
2,000,000 2,000,000.00 91.792
444.44

0.50%

0.54% -164,160.00
05/15/2026 11/15/2023 N/A 1,835,840.00 1.77%
N/AN/A
100.00
10,000.00

NR/NR/NR
INTL FIN CORP NTS 00.500 % Aaa/NR/AAADUE 051526 DTD 052821 FC11152021 2,000,000 2,002,853.89 91.073
1,022.22

1.15%

1.26% -181,393.89
05/15/2026 04/15/2026 2.85 1,821,460.00 1.76%

4.40%4.40%
100.00
23,000.00

NR/NR/NR
UNITED HEALTH GROUP INC A3/A/A+01.150% 051526DTD051921 FC111521CALL@MW+07.50BP 245,000 245,000.00 87.914

85.58 0.85%

0.97% -29,610.70
06/16/2026 06/16/2023 2.99 215,389.30 0.21%

5.15%5.15%
100.00
UBS BANK UT US RT 2,082.5000.8500% MAT 06/16/26FIXED RATE CD /UT CD
245,000 245,000.00 95.504
3,621.97

3.55%

3.72% -11,015.20
06/30/2026 06/30/2023 2.83 233,984.80 0.23%

5.14%5.14%
100.00
ALLY BK UT US RT 03.5500% 8,697.50MAT 06/30/26 FIXED RATECD /UT CD
2,000,000 2,000,000.00 90.610
6,250.00

0.75%

0.83% -187,800.00
06/30/2026 06/30/2023 N/A 1,812,200.00 1.75%
N/AN/A
100.00
15,000.00

NR/NR/NR
FHLB BOND STEP-UP 00.750 Aaa/NR/AA+% DUE 063026 DTD 063021FC 12302021Includes 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: June 01, 2023 Page 31 of 40 Item #6. Page 34
Meeting Date: 6/27/2023 / Packet Page #: 515
Consolidated report prepared for City of Glendora
Bond Holdingsas of May 31, 2023 (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 2,000,000.00 91.092
6,250.00

0.75%

0.82% -178,160.00
06/30/2026 06/30/2023 N/A 1,821,840.00 1.76%
N/AN/A
100.00
15,000.00

NR/NR/NR
FHLB NTS 0.7500% DUE Aaa/NR/AA+063026 DTD 063021 FC12302021 245,000 245,000.00 87.462
714.19

0.70%

0.80% -30,718.10
07/01/2026 2.97 214,281.90 0.21%

5.15%
NEW YORK CMNTY BK NY 1,715.00 5.15%US RT 00.7000% MAT07/01/26 FIXED RATE CD /NY CD
1,000,000 968,385.25 89.721
3,150.00

1.05%

1.17% -71,175.25
08/13/2026 06/13/2023 3.07 897,210.00 0.87%

4.54%4.54%
100.00
10,500.00

NR/NR/NR
FHLB BOND 01.050 % DUE Aaa/NR/AA+081326 DTD 081321 FC02132022 245,000 245,000.00 87.209
161.10

0.80%

0.92% -31,337.95
08/13/2026 3.15 213,662.05 0.21%

5.14%
LIVE OAK BKG CO NC US RT 1,960.00 5.14%00.8000% MAT 08/13/26FIXED RATE CD /NC CD
2,000,000 2,000,000.00 89.855
3,958.33

0.75%

0.83% -202,900.00
08/26/2026 08/26/2023 N/A 1,797,100.00 1.74%
N/AN/A
100.00
15,000.00

NR/NR/NR
FHLB NTS 0.7500% DUE Aaa/NR/AA+082626 DTD 082621 FC02262022 2,000,000 2,000,000.00 85.811
5,483.33

1.05%

1.22% -283,780.00
08/27/2026 08/27/2023 3.09 1,716,220.00 1.66%

5.93%5.93%
100.00
21,000.00

NR/NR/NR
MORGAN STANLEY FIN LLC A1/A+/A01.050% 082726DTD082721 FC022722 MEDTERM NTS 2,000,000 2,000,000.00 89.002
3,290.00

0.94%

1.06% -219,960.00
09/28/2026 3.20 1,780,040.00 1.72%

4.54%
18,800.00 4.54%

NR/NR/NR
FFCB NTS 00.940 % DUE Aaa/AAA/AA+092826 DTD 092821 FC03282022 1,000,000 982,052.13 90.992
947.69

1.13%

1.24% -72,132.13
10/31/2026 3.29 909,920.00 0.88%

3.97%
11,250.00 3.97%

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 87.435

54.03 1.15%

1.32% -30,784.25
11/24/2026 3.33 214,215.75 0.21%

5.13%
CAPITAL ONE BK USA VA US 2,817.50 5.13%RT 01.1500% MAT 11/24/26FIXED RATE CD /VA CD
245,000 245,000.00 87.435

54.03 1.15%

1.32% -30,784.25
11/24/2026 3.33 214,215.75 0.21%

5.13%
CAPITAL ONE NA VA US RT 2,817.50 5.13%01.1500% MAT 11/24/26FIXED RATE CD /VA CD
Total 2026 28,540,000 1.31% 05/30/2026 $364,385.00

1.41%

5.04%5.04%

2.84$26,085,225.99
$-222,150.59
$25,863,075.40
$83,666.03

24.98%
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: June 01, 2023 Page 32 of 40 Item #6. Page 35
Meeting Date: 6/27/2023 / Packet Page #: 516
Consolidated report prepared for City of Glendora
Bond Holdingsas of May 31, 2023 (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 91.190
12,777.78

1.84%

2.02% -176,200.00
01/26/2027 3.44 1,823,800.00 1.76%

4.48%
36,800.00 4.48%

NR/NR/NR
FFCB BOND 01.840 % DUE Aaa/AAA/AA+012627 DTD 012622 FC07262022 2,000,000 2,000,000.00 90.972
10,976.67

1.78%

1.96% -180,560.00
02/10/2027 08/10/2023 3.48 1,819,440.00 1.76%

4.46%4.46%
100.00
35,600.00

NR/NR/NR
FHLB BOND 01.780 % DUE Aaa/NR/AA+021027 DTD 021022 FC08102022 245,000 245,000.00 98.797
446.37

4.75%

4.81% -2,947.35
02/17/2027 08/17/2023 3.38 242,052.65 0.23%

5.11%5.11%
100.00
BOKF NA OK US RT 11,637.5004.7500% MAT 02/17/27FIXED RATE CD /OK CD
245,000 245,000.00 88.467
342.33

1.70%

1.92% -28,255.85
02/18/2027 3.58 216,744.15 0.21%

5.11%
METRO CREDIT UNION MA 4,165.00 5.11%US RT 01.7000% MAT02/18/27 LICU SHARECERTIFICATE /MA CD
245,000 245,000.00 88.467
148.34

1.70%

1.92% -28,255.85
02/18/2027 3.58 216,744.15 0.21%

5.11%
PENTAGON FED CREDI VA US 4,165.00 5.11%RT 01.7000% MAT 02/18/27CREDIT UNION SHARE CERT/VA CD
3,215,000 3,075,098.40 91.616
17,232.40

2.01%

2.19% -129,644.00
02/25/2027 08/25/2023 3.51 2,945,454.40 2.85%

4.47%4.47%
100.00
64,621.50

NR/NR/NR
FHLB BOND 02.010 % DUE Aaa/NR/AA+022527 DTD 022522 FC08252022 245,000 245,837.79 89.469
1,208.22

2.00%

2.24% -26,638.74
03/02/2027 3.52 219,199.05 0.21%

5.12%
EAGLEMARK SVGS BK NV US 4,900.00 5.12%RT 02.0000% MAT 03/02/27FIXED RATE CD /NV CD
490,000 0.00 99.018
5,563.54

5.45%

5.50% 485,188.20
03/16/2027 06/16/2023 3.34 485,188.20 0.47%

5.74%5.74%
100.00
26,705.00

NR/NR/NR
FHLB BOND 05.450 % DUE Aaa/NR/AA+031627 DTD 121622 FC03162023 245,000 245,000.00 93.211
150.36

3.20%

3.43% -16,633.05
05/24/2027 3.66 228,366.95 0.22%

5.11%
DISCOVER BANK DE US RT 7,840.00 5.11%03.2000% MAT 05/24/27FIXED RATE CD /DE CD
245,000 245,000.00 93.256
349.04

3.25%

3.49% -16,522.80
06/15/2027 3.76 228,477.20 0.22%

5.10%
LAFAYETTE FED CRED MD US 7,962.50 5.10%RT 03.2500% MAT 06/15/27LICU SHARE CERTIFICATE/MD CD
Total 2027 9,175,000 2.25% 02/22/2027 $204,396.50

2.43%

4.65%4.65%

3.49 $8,545,936.19
$-120,469.44
$8,425,466.75
$49,195.04

8.14%
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: June 01, 2023 Page 33 of 40 Item #6. Page 36
Meeting Date: 6/27/2023 / Packet Page #: 517
Consolidated report prepared for City of Glendora
Bond Holdingsas of May 31, 2023 (continued)Maturing 2028 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 0.00 98.397
17,000.00

5.10%

5.18% 983,970.00
01/27/2028 10/27/2023 4.02 983,970.00 0.95%

5.50%5.50%
100.00
51,000.00

NR/NR/NR
FHLMC MED TERM NTS NR/AAA/AA+05.100 % DUE 012728 DTD013023 FC 07272023 2,000,000 2,000,005.00 98.702
29,100.00

5.40%

5.47% -25,965.00
02/24/2028 08/24/2023 4.06 1,974,040.00 1.91%

5.71%5.71%
100.00
108,000.00

NR/NR/NR
FHLB BOND 05.400 % DUE Aaa/NR/AA+022428 DTD 022423 FC08242023 1,000,000 0.00 99.023
12,891.67

5.10%

5.15% 990,230.00
02/28/2028 02/28/2024 4.10 990,230.00 0.96%

5.33%5.33%
100.00
51,000.00

NR/NR/NR
FHLMC MED TERM NTS Aaa/AAA/AA+05.100 % DUE 022828 DTD022823 FC 08282023 245,000 245,000.00 99.587
939.73

5.00%

5.02% -1,011.85
04/03/2028 04/03/2026 4.27 243,988.15 0.24%

5.10%5.10%
100.00
ARBOR FINL CREDIT MI US RT 12,250.0005.0000% MAT 04/03/28FIXED RATE CD /MI CD
2,000,000 2,000,005.17 98.756
10,358.33

5.65%

5.72% -24,885.17
04/28/2028 07/28/2023 4.20 1,975,120.00 1.91%

5.94%5.94%
100.00
113,000.00

NR/NR/NR
FHLB BOND 05.650 % DUE Aaa/NR/AA+042828 DTD 042823 FC10282023 Total 2028 6,245,000 5.37% 03/14/2028 $335,250.00

5.44%

5.67%5.67%

4.11 $4,245,010.17
$1,922,337.98
$6,167,348.15
$70,289.73

5.96%
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 ($)

5.03%5.03%
10/22/2025 N/A 2.21$105,811,081.7 N/A $103,522,840.42
$-2,288,241.34
111,012,000

1.82% $422,935.80 Total Bond Portfolio 1.74% $1,883,235.75 100% $103,945,776.22
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: June 01, 2023 Page 34 of 40 Item #6. Page 37
Meeting Date: 6/27/2023 / Packet Page #: 518
Important Information About This Report Disclosures Applicable to Accounts at UBS Financial Services Inc.

This section contains important disclosures regarding the information and valuations presented here. Allinformation presented is subject to change at any time and is provided only as of the date indicated. Theinformation in this report is for informational purposes only and should not be relied upon as the basis of aninvestment or liquidation decision. UBS FS account statements and official tax documents are the only officialrecord of your accounts and are not replaced, amended or superseded by any of the information presented inthese reports. You should not rely on this information in making purchase or sell decisions, for tax purposes orotherwise.UBS FS offers a number of investment advisory programs to clients, acting in our capacity as an investmentadviser, including fee-based financial planning, discretionary account management, non-discretionary investmentadvisory programs, and advice on the selection of investment managers and mutual funds offered through ourinvestment advisory programs. When we act as your investment adviser, we will have a written agreement withyou expressly acknowledging our investment advisory relationship with you and describing our obligations toyou. At the beginning of our advisory relationship, we will give you our Form ADV brochure(s) for the program(s)you selected that provides detailed information about, among other things, the advisory services we provide, ourfees, our personnel, our other business activities and financial industry affiliations and conflicts between ourinterests and your interests.In our attempt to provide you with the highest quality information available, we have compiled this report usingdata obtained from recognized statistical sources and authorities in the financial industry. While we believe thisinformation to be reliable, we cannot make any representations regarding its accuracy or completeness. Pleasekeep this guide as your Advisory Review.Please keep in mind that most investment objectives are long term. Although it is important to evaluate yourportfolio's performance over multiple time periods, we believe the greatest emphasis should be placed on thelonger period returns.Please review the report content carefully and contact your Financial Advisor with any questions.Client Accounts: This report may include all assets in the accounts listed and may include eligible and ineligibleassets in a fee-based program. Since ineligible assets are not considered fee-based program assets, the inclusionof such securities will distort the actual performance of your accounts and does not reflect the performance ofyour accounts in the fee-based program. As a result, the performance reflected in this report can varysubstantially from the individual account performance reflected in the performance reports provided to you aspart of those programs. For fee-based programs, fees are charged on the market value of eligible assets in theaccounts and assessed quarterly in advance, prorated according to the number of calendar days in the billingperiod. When shown on a report, the risk profile and return objectives describe your overall goals for theseaccounts. For each account you maintain, you choose one return objective and a primary risk profile. If you havequestions regarding these objectives or wish to change them, please contact your Financial Advisor to updateyour account records.Performance: This report presents account activity and performance depending on which inception type you'vechosen. The two options are: (1) All Assets (Since Performance Start): This presents performance for all assetssince the earliest possible date; (2) Advisory Assets (Advisory Strategy Start) for individual advisory accounts: Thispresents Advisory level performance since the Latest Strategy Start date; If an account that has never beenmanaged is included in the consolidated report, the total performance of that unmanaged account will beincluded since inception.

Time-weighted Returns for accounts / SWP/AAP sleeves (Monthly periods): The report displays a timeweighted rate of return (TWR) that is calculated using the Modified Dietz Method. This calculation uses thebeginning and ending portfolio values for the month and weighs each contribution/withdrawal based upon theday the cash flow occurred. Periods greater than one month are calculated by linking the monthly returns. TheTWR gives equal weighting to every return regardless of amount of money invested, so it is an effective measurefor returns on a fee based account. All periods shown which are greater than 12 months are annualized. Thisapplies to all performance for all assets before 09/30/2010, Advisory assets before 12/31/2010 and SWP sleevesbefore 04/30/2018.Time-weighted Returns for accounts / SWP/AAP sleeves (Daily periods): The report displays a timeweighted rate of return (TWR) that is calculated by dividing the portfolio's daily gain/loss by the previous day'sclosing market value plus the net value of cash flows that occurred during the day, if it was positive. The TWRgives equal weighting to every return regardless of amount of money invested, so it is an effective measure forreturns on a fee based account. Periods greater than one day are calculated by linking the daily returns. Allperiods shown which are greater than 12 months are annualized. For reports generated prior to 01/26/2018, theperformance calculations used the account's end of day value on the performance inception (listed in the reportunder the column "ITD") and all cash flows were posted at end of day. As a result of the change, the overallrate of return (TWR) and beginning market value displayed can vary from prior generated reports. This applies toall performance for all assets on or after 09/30/2010, Advisory assets on or after 12/31/2010, SWP/AAP sleeveson or after 04/30/2018 as well as all Asset 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 daily Internal Rate of Return (IRR) for the period and thencompounding this return by the number of days in the period being measured. The MWR incorporates the sizeand timing of cash flows, so it is an effective measure of returns on a portfolio.Annualized Performance: All performance periods greater than one year are calculated (unless otherwisestated) on an annualized basis, which represents the return on an investment multiplied or divided to give acomparable one year return.Cumulative Performance: A cumulative return is the aggregate 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 "gross offees" basis, where indicated. Net returns do not reflect Program and wrap fees prior to 10/31/10 for accountsthat are billed separately via invoice through a separate account billing arrangement. Gross returns do not reflectthe deduction of fees, commissions or other charges. The payment of actual fees and expenses will reduce aclient's return. The compound effect of such fees and expenses should be considered when reviewing returns.For example, the net effect of the deduction of fees on annualized performance, including the compoundedeffect over time, is determined by the relative size of the fee and the account's investment performance. Itshould also be noted that where gross returns are compared to an index, the index performance also does notreflect any transaction costs, which would lower the performance results. Market index data maybe subject toreview and revision.Benchmark/Major Indices: The past performance of an index is not a guarantee of future results. Anybenchmark is shown for informational purposes only and relates to historical performance of market indices andnot the performance of actual investments. Although most portfolios use indices as benchmarks, portfolios areactively managed and generally are not restricted to investing only in securities in the index. As a result, your Report created on: June 01, 2023 Page 35 of 40
Item #6. Page 38
Meeting Date: 6/27/2023 / Packet Page #: 519
Disclosures Applicable to Accounts at UBS Financial Services Inc. (continued) portfolio holdings and performance may vary substantially from the index. Each index reflects an unmanageduniverse of securities without any deduction for advisory fees or other expenses that would reduce actualreturns, as well as the reinvestment of all income and dividends. An actual investment in the securities includedin the index would require an investor to incur transaction costs, which would lower the performance results.Indices are not actively managed and investors cannot invest directly in the indices. Market index data maybesubject to review and revision. Further, there is no guarantee that an investor's account will meet or exceed thestated benchmark. Index performance information has been obtained from third parties deemed to be reliable.We have not independently verified this information, nor do we make any representations or warranties to theaccuracy or completeness of this information.Blended Index - For Advisory accounts, Blended Index is designed to reflect the asset categories in which youraccount is invested. For Brokerage accounts, you have the option to select any benchmark from the list.For certain products, the blended index represents the investment 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 you which may consist of a blend of indexes. For advisoryaccounts, these indices are for informational purposes only. Depending on the selection, the benchmark selectedmay not be an appropriate basis for comparison of your portfolio based on it's holdings.For strategies that are highly customized, such as Concentrated Equity Solutions (CES), benchmarks are broadmarket indices included for general reference and are not intended to show comparative market performance orpotential portfolios with risk or return profiles similar to your account. Benchmark indices are shown forillustrative purposes only.Custom Time Periods: If represented on this report, the performance start date and the performance end datehave been selected by your Financial Advisor in order to provide performance and account activity informationfor your account for the specified period of time only. As a result, only a portion of your account's activity andperformance information is presented in the performance report, and, therefore, presents a distortedrepresentation of your account's activity and performance.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 the last day of the period. When fees are shown separately,net deposits / withdrawals does not include program fees (including wrap fees). When investment return isdisplayed net deposits / withdrawals does not include program fees (including wrap fees). For securitycontributions and withdrawals, securities are calculated using the end of day UBS FS price on the day securitiesare delivered in or out of the accounts. Wrap fees will be included in this calculation except when paid via aninvoice or through a separate accounts billing arrangement. When shown on Client summary and/or Portfolioreview report, program fees (including wrap fees) may not be included in net deposits/withdrawals. PACEProgram fees paid from sources other than your PACE account are treated as a contribution. A PACE ProgramFee rebate that is not reinvested is treated as a withdrawal.Deposits: When shown on a report, this information represents the net value of all cash and securitiescontributions added to your accounts from the first day to the last day of the period. On Client Summary Reportand/or Portfolio Review Report, this may exclude the Opening balance. For security contributions, securities arecalculated using the end of day UBS FS price on the day securities are delivered in or out of the accounts.

Withdrawals: When shown on a report, this information represents the net value of all cash and securitieswithdrawals subtracted from your accounts from the first day to the last day of the period. On Client summaryand/or portfolio review report Withdrawals may not include program fees (including wrap fees). For securitywithdrawals, securities are calculated using the end of day UBS FS price on the day securities are delivered in orout of the accounts.Dividends/Interest: Dividend and interest earned, when shown on a report, does not include income onsecurities that have been lent out & does not reflect your account's tax status or reporting requirements. Useonly official tax reporting documents (i.e. 1099) for tax reporting purposes. The classification of privateinvestment distributions can only be determined by referring to the official year-end tax-reporting documentprovided by the issuer.Change in Accrued Interest: When shown on a report, this information represents the difference between theaccrued interest at the beginning of the period from the accrued interest at the end of the period.Change in Value: Represents the change in value of the portfolio during the reporting period, excludingadditions/withdrawals, dividend and interest income earned and accrued interest. Change in Value may includeprograms fees (including wrap fees) and other fees.Fees: Fees represented in this report include program and wrap fees. Program and wrap fees prior to October 1,2010 for accounts that are billed separately via invoice through a separate account billing arrangement are notincluded in this report.Performance Start Date Changes: The Performance Start Date for accounts marked with a '^' have changed.Performance figures of an account with a changed Performance Start Date may not include the entire history ofthe account. The new Performance Start Date will generate performance returns and activity information for ashorter period than is available at UBS FS. As a result, the overall performance of these accounts may generatebetter performance than the period of time that would be included if the report used the inception date of theaccount. UBS FS recommends reviewing performance reports that use the inception date of the account becausereports with longer time frames are usually more helpful when evaluating investment programs and strategies.Performance reports may include accounts with inception dates that precede the new Performance Start Dateand will show performance and activity information from the earliest available inception date.The change in Performance Start Date may be the result of a performance gap due to a zero-balance thatprevents the calculation of continuous returns from the inception of the account. The Performance Start Datemay also change if an account has failed one of our performance data integrity tests. In such instances, theaccount will be labeled as 'Review Required' and performance prior to that failure will be restricted. Finally, thePerformance Start Date will change if you have explicitly requested a performance restart. Please contact yourFinancial Advisor for additional details regarding your new Performance Start Date.Closed Account Performance: Accounts that have been closed may be included in the consolidatedperformance report. When closed accounts are included in the consolidated report, the performance report willonly include information for the time period the account was 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 a copy of the Characteristics & Risks of StandardizedOptions, also known as the options disclosure document (ODD). It explains the characteristics and risks of Report created on: June 01, 2023 Page 36 of 40
Item #6. Page 39
Meeting Date: 6/27/2023 / Packet Page #: 520
Disclosures Applicable to Accounts at UBS Financial Services Inc. (continued) exchange traded options. The options risk disclosure document can be accessed at the following web address:www.optionsclearing.com/about/publications/character-risks.Concentrated Equity Solutions (CES) managers are not involved in the selection of the underlying stock positions.The Manager will advise only on the options selection in order to pursue the strategy in connection with theunderlying stock position(s) deposited in the account. It is important to keep this in mind when evaluating themanager's performance since the account's performance will include the performance of the underlying equityposition that is not being managed. CES use options to seek to achieve your investment objectives regardingyour concentration stock position. Options strategies change the potential return profile of your stock. In certainscenarios, such as call writing, the call position will limit your ability to participate in any potential increase in theunderlying equity position upon which the call was written. Therefore, in some market conditions, particularlyduring periods of significant appreciation of the underlying equity position(s), the CES account will decrease theperformance that would have been achieved had the stock been held long without implementing the CESstrategy.Portfolio: For purposes of this report "portfolio" is defined as all of the accounts presented on the cover pageor the header of this report and does not necessarily include all of the client's accounts held at UBS FS orelsewhere.Percentage: Portfolio (in the "% Portfolio / Total" column) includes all holdings held in the account(s) selectedwhen this report was generated. Broad asset class (in the "% broad asset class" column) includes all holdingsheld in that broad asset class in the account(s) selected when this report was generated.Tax lots: This report displays security tax lots as either one line item (i.e., lumped tax lots) or as separate tax lotlevel information. If you choose to display security tax lots as one line item, the total cost equals the total valueof all tax lots. The unit cost is an average of the total cost divided by the total number of shares. If the shareswere purchased in different lots, the unit price listed does not represent the actual cost paid for each lot. Theunrealized gain/loss value is calculated by combining the total value of all tax lots plus or minus the total marketvalue of the security.If you choose to display tax lot level information as separate line items on the Portfolio Holdings report, the taxlot information may include information from sources other than UBS FS. The Firm does not independently verifyor guarantee the accuracy or validity of any information provided by sources other than UBS FS. As a result thisinformation may not be accurate and is provided for informational purposes only. Clients should not rely on thisinformation in making purchase or sell decisions, for tax purposes or otherwise. See your monthly statement foradditional information.Pricing: All securities are priced using the closing price reported on the last business day preceding the date ofthis report. Every reasonable attempt has been made to accurately price securities; however, we make nowarranty with respect to any security's price. Please refer to the back of the first page of your UBS FS accountstatement for important information regarding the pricing used for certain types of securities, the sources ofpricing data and other qualifications concerning the pricing of securities. To determine the value of securities inyour account, we generally rely on third party quotation services. If a price is unavailable or believed to beunreliable, we may determine the price in good faith and may use other sources such as the last recordedtransaction. When securities are held at another custodian or if you hold illiquid or restricted securities for whichthere is no published price, we will generally rely on the value provided by the custodian or issuer of thatsecurity.

Cash: Cash on deposit at UBS Bank USA is protected by the Federal Deposit Insurance Corporation (FDIC) up to$250,000 in principal and accrued interest per depositor for each ownership type. Deposits made in anindividual's own name, joint name, or individual retirement 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 part of this position is held on margin or held in the shortaccount. When an account holds a debit balance, this debit balance is incorporated into the account's totalmarket value and deducted from the total value. When calculating the percent of portfolio on each security, thepercentage will be impacted by the total market value of the account. Therefore, if the account's market value isreduced by a debit value of a holding the percent of portfolio will be greater and if the account's market value isincreased by a holding then the percent of portfolio will be less.Asset Allocation: Your allocation analysis is based on your current portfolio. The Asset Allocation portion ofthis report shows the mix of various investment classes in your account. An asset allocation that shows asignificantly higher percentage of equity investments may be more appropriate for an investor with a moreaggressive investment strategy and higher tolerance for risk. Similarly, the asset allocation of a more conservativeinvestor may show a higher percentage of fixed income investments.Separately Managed Accounts and Pooled Investment Vehicles (such as mutual funds, closed end fundsand exchanged traded funds): The asset classification displayed is based on firm's proprietary methodology forclassifying assets. Please note that the asset classification assigned to rolled up strategies may include individualinvestments that provide exposure to other asset classes. For example, an International Developed Marketsstrategy may include exposure to Emerging Markets, and a US Large Cap strategy may include exposure to MidCap and Small Cap, etc.Mutual Fund Asset Allocation: If the option to unbundle balanced mutual funds is selected and if a fund'sholdings data is available, mutual funds will be classified by the asset class, subclass, and style breakdown oftheir underlying holdings. Where a mutual fund or ETF contains equity holdings from multiple equity sectors, thisreport will proportionately allocate the underlying holdings of the fund to those sectors measured as apercentage of the total fund's asset value as of the date shown.This information is supplied by Morningstar, Inc. on a daily basis to UBS FS based on data supplied by the fundwhich may not be current. Mutual funds change their portfolio holdings on a regular (often daily) basis.Accordingly, any analysis that includes mutual funds may not accurately reflect the current composition of thesefunds. If a fund's underlying holding data is not available, it will be classified based on its corresponding overallMorningstar classification. All data is as of the date indicated in the report.All pooled investment vehicles (such as mutual funds, closed end mutual funds, and exchange traded funds)incorporate internal management and operation expenses, which are reflected in the performance returns.Please see relevant fund prospectus for more information. Please note, performance for mutual funds is inclusiveof multiple share classes.Ineligible Assets: We require that you hold and purchase only eligible managed assets in your advisoryaccounts. Please contact your Financial Advisor for a list of the eligible assets in your program. These reports mayprovide performance information for eligible and ineligible assets in a fee-based program. Since ineligible assetsare not considered fee-based program assets, the inclusion of such securities will distort the actual performanceof your advisory assets. As a result, the performance reflected in this report can vary substantially from theindividual account performance reflected in the performance reports provided to you as part of those programs.

Report created on: June 01, 2023 Page 37 of 40
Item #6. Page 40
Meeting Date: 6/27/2023 / Packet Page #: 521
Disclosures Applicable to Accounts at UBS Financial Services Inc. (continued) For fee-based programs, fees are charged on the market value of eligible assets in the accounts and assessedquarterly in advance, prorated according to the number of calendar days in the billing period. Neither UBS noryour Financial Advisor will act as your investment adviser with respect to Ineligible Assets.Variable Annuity Asset Allocation: If the option to unbundle a variable annuity is selected and if a variableannuity's holdings data is available, variable annuities will be classified by the asset class, subclass, and stylebreakdown for their underlying holdings. Where a variable annuity contains equity holdings from multiple equitysectors, this report will proportionately allocate the underlying holdings of the variable annuity to those sectorsmeasured as a percentage of the total variable annuity's asset value as of the date shown.This information is supplied by Morningstar, Inc. on a weekly basis to UBS FS based on data supplied by thevariable annuity which may not be current. Portfolio holdings of variable annuities change on a regular (oftendaily) basis. Accordingly, any analysis that includes variable annuities may not accurately reflect the currentcomposition of these variable annuities. If a variable annuity's underlying holding data is not available, it willremain classified as an annuity. All data is as of the date indicated in the report.Equity Style: The Growth, Value and Core labels are determined by Morningstar. If an Equity Style isunclassified, it is due to non-availability of data required by Morningstar to assign it a particular style.Equity Capitalization: Market Capitalization is determined by Morningstar. Equity securities are classified asLarge Cap, Mid Cap or Small Cap by Morningstar. Unclassified securities are those for which no capitalization isavailable on Morningstar.Equity Sectors: The Equity sector analysis may include a variety of accounts, each with different investment andrisk parameters. As a result, the overweighting or underweighting in a particular sector or asset class should notbe viewed as an isolated factor in making investment/liquidation decisions; but should be assessed on anaccount by account basis to determine the overall impact on the account's portfolio.Classified Equity: Classified equities are defined as those equities for which the firm can confirm the specificindustry and sector of the underlying equity instrument.Estimated Annual Income: The Estimated Annual Income is the annualized yearly per share Dividends/interestpaid and multiplied by the quantity of shares held in the selected account(s). For savings product & sweep fundsthis value is not calculated and is displayed as 0.Current Yield: Current yield is defined as the estimated annual income divided by the total market value.Bond Rating: These ratings are obtained from independent industry sources and are not verified by UBS FS.Securities without rating information are left blank. Rating agencies may discontinue ratings on high yieldsecurities.NR: When NR is displayed under bond rating column, no ratings are currently available from that rating agency.High Yield: This report may designate a security as a high yield fixed income security even though one or morerating agencies rate the security as an investment grade security. Further, this report may incorporate a ratingthat is no longer current with the rating agency. For more information about the rating for any high yield fixedincome security, or to consider whether to hold or sell a high yield fixed income security, please contact yourfinancial advisor or representative and do not make any 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 adverse effects on the market value of their securities.Interest Rate Risk: Bonds are subject to market value fluctuations as interest rates rise and fall. If sold prior tomaturity, the price received for an issue may be less than the original purchase price.Reinvestment Risk: Since most corporate issues pay interest semiannually, the coupon payments over the lifeof the bond can have a major impact on the bond's total return.Call Provisions: When evaluating the purchase of a corporate bond, one should be aware of any features thatmay allow the issuer to call the security. This is particularly important when considering an issue that is trading ata premium to its call price, since the return may be negatively impacted if the issue is redeemed. Should an issuebe called, investors may be faced with an earlier than anticipated reinvestment decision, and may be unable toreinvest their principal at equally favorable rates.Effective Maturity: Effective maturity is the expected redemption due to pre-refunding, puts, or maturity anddoes not reflect any sinking fund activity, optional or extraordinary 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 are calculated to the worst call.Accrued Interest: Interest that has accumulated between the most recent payment and the report date may bereflected in market values for interest bearing securities.Bond Averages: All averages are weighted averages calculated based on market value of the holding, notincluding accrued interest.Tax Status: "Taxable" includes all securities held in a taxable account that are subject to federal and/or state orlocal taxation. "Tax-exempt" includes all securities held in a taxable account that are exempt from federal, stateand local taxation. "Tax-deferred" includes all securities held in a tax-deferred account, regardless of the statusof the security.Bond sensitivity analysis: This analysis uses Modified Duration which approximates the percentage pricechange of a security for a given change in yield. The higher the modified duration of a security, the higher itsrisk.  For callable securities, modified duration does not address the impact of changing interest rates on abond's expected cash flow as a result of a call or prepayment.Amortization and Accretion: Prior to March 2008, amortization was calculated using the straight line methodfor tax exempt securities and was not calculated for taxable securities. Post March 2008, amortization iscalculated using the constant yield method. Prior to October 2008, accretion due to original issue discount wasnot calculated. Post October 2008, accretion due to original issue discount is calculated using the constant yieldmethod.  Prior to January 2015, accretion due to market discount was calculated using the straight linemethod. Post January 2015, accretion due to market discount is calculated using the constant yield method. We assume the securities are held to par and premiums are calculated to call date. Amortization and accretionvalues may be incorrect due to adjustments related to cost basis. You may hold additional fixed income securitiesthat may not appear on this report. Please refer to your account statements for information regarding all of yourholdings.

Report created on: June 01, 2023 Page 38 of 40
Item #6. Page 41
Meeting Date: 6/27/2023 / Packet Page #: 522
Disclosures Applicable to Accounts at UBS Financial Services Inc. (continued) Gain/Loss: The gain/loss information may include calculations based upon non-UBS FS cost basis information.The Firm does not independently verify or guarantee the accuracy or validity of any information provided bysources other than UBS FS. In addition, if this report contains positions with unavailable cost basis, the gain/(loss)for these positions are excluded in the calculation for the Gain/(Loss). As a result these figures may not beaccurate and are provided for informational purposes only. Clients should not rely on this information in makingpurchase or sell decisions, for tax purposes or otherwise. Rely only on year-end tax forms when preparing yourtax return. See your monthly statement for additional information.Accounts Included in this Report: The account listing may or may not include all of your accounts with UBSFS. The accounts included in this report are listed under the "Accounts included in this review" shown on thefirst page or listed at the top of each page. If an account number begins with "@" this denotes assets orliabilities held at other financial institutions. Information about these assets, including valuation, account typeand cost basis, is based on the information you provided to us, or provided to us by third party data aggregatorsor custodians at your direction. We have not verified, and are not responsible for, the accuracy or completenessof this information.Account name(s) displayed in this report and labels used for groupings of accounts can be customizable"nicknames" chosen by you to assist you with your recordkeeping or may have been included by your financialadvisor for reference purposes only. The names used have no legal effect, are not intended to reflect anystrategy, product, recommendation, investment objective or risk profile associated with your accounts or anygroup of accounts, and are not a promise or guarantee that wealth, or any financial results, can or will beachieved. All investments involve the risk of loss, including the risk of loss of the entire investment.For more information about account or group names, or to make changes, contact your Financial Advisor.Account changes: At UBS, we are committed to helping you work toward your financial goals. So that we maycontinue providing you with financial advice that is consistent with your investment objectives, please considerthe following two questions:1) Have there been any changes to your financial situation or investment objectives?2) Would you like to implement or modify any restrictions regarding the management of your account?If the answer to either question is "yes," it is important that you contact your Financial Advisor as soon aspossible to discuss these changes. For MAC advisory accounts, please contact your investment manager directlyif you would like to impose or change any investment restrictions on your account.ADV disclosure: A complimentary copy of our current Form ADV Disclosure Brochure that describes theadvisory program and related fees is available through your Financial Advisor. Please contact your FinancialAdvisor if you have any questions.Important information for former Piper Jaffray and McDonald Investments clients: As anaccommodation to former Piper Jaffray and McDonald Investments clients, these reports include performancehistory for their Piper Jaffray accounts prior to August 12, 2006 and McDonald Investments accounts prior toFebruary 9, 2007, the date the respective accounts were converted to UBS FS. UBS FS has not independentlyverified this information nor do we make any representations or warranties as to the accuracy or completenessof that information and will not be liable to you if any such information is unavailable, delayed or inaccurate.For insurance, annuities, and 529 Plans, UBS FS relies on information obtained from third party services it believes to be reliable. UBS FS does not independently verify or guarantee the accuracy or validity of anyinformation provided by third parties. Information for insurance, annuities, and 529 Plans that has been providedby a third party service may not reflect the quantity and market 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 and tax regulations within their applicable jurisdiction that arenot addressed in this report. Nothing in this report shall be construed to be a solicitation to buy or offer to sellany security, product or service to any non-U.S. investor, nor shall any such security, product or service besolicited, offered or sold in any jurisdiction where such activity would be contrary to the securities laws or otherlocal laws and regulations or would subject UBS to any registration requirement within such jurisdiction.Performance History prior to the account's inception at UBS Financial Services, Inc. may have been included inthis report and is based on data provided by third party sources. UBS Financial Services Inc. has notindependently verified this information nor does UBS Financial Services Inc. guarantee the accuracy or validity ofthe information.Important information about brokerage and advisory services. As a firm providing wealth managementservices to clients, UBS Financial Services Inc. offers investment advisory services in its capacity as an SECregistered investment adviser and brokerage services in its capacity as an SEC-registered broker-dealer.Investment advisory services and brokerage services are separate and distinct, differ in material ways and aregoverned by different laws and separate arrangements. It is important that clients understand the ways in whichwe conduct business, that they carefully read the agreements and disclosures that we provide to them about theproducts or services we offer. For more information, please review client relationship summary provided at ubs.com/relationshipsummary. UBS Financial Services account protectionThe Firm is a member of the Securities Investor Protection Corporation (SIPC), which protects securitiescustomers of its members up to $500,000 (including $250,000 for claims for cash). Explanatory brochureavailable upon request or at www.sipc.org. The SIPC asset protection limits apply to all accounts that you hold ina particular capacity.The Firm, together with certain affiliates, has also purchased supplemental insurance. The maximum amountpayable to all eligible clients, collectively under this protection is $500 million as of December 10, 2019. Subjectto the policy conditions and limitations, cash at the Firm is further protected for up to $1.9 million in theaggregate for all your accounts held in a particular capacity. A full copy of the policy wording is available uponrequest.Neither the SIPC protection nor the supplemental protection apply to:
• Certain financial assets controlled by (and included in your account value) but held away from UBS Financial Services. For example certain (i) insurance products, including variable annuities,and (ii) shares of mutual funds registered in the name of the account holder on the books ofthe issuer or transfer agent); • Investment contracts or investment interests (e.g., limited partnerships and private placements) that are not registered under the Securities Act of 1933; • Commodities contracts (e.g., foreign exchange and precious metal contracts), including futures contracts and commodity option contracts;
• Securities on loan to UBS Financial Services; and
Report created on: June 01, 2023 Page 39 of 40
Item #6. Page 42
Meeting Date: 6/27/2023 / Packet Page #: 523
Disclosures Applicable to Accounts at UBS Financial Services Inc. (continued) • Deposit accounts (except certificates of deposit) at UBS Bank USA, UBS AG U.S. branches and banks in the FDIC Insured Deposit Program.

The SIPC protection and the supplemental protection do not apply to these assets even if they otherwise appearon your statements. The SIPC protection and the supplemental protection do not protect against changes in themarket value of your investments (whether as a result of market movement, issuer bankruptcy or otherwise).Non-UBS Assets and Liabilities: This report is not intended to provide you with consolidated information orreporting regarding your holdings at other firms. However, at your request, this report may include informationregarding assets that you hold at other financial institutions so that you may review your asset allocation and/orinvestment strategy in the context of your overall holdings. You should review and maintain the originaldocuments for these assets, such as the statements for individual accounts held away from UBS. Thosedocuments may contain notices, disclosures and other information important to you, and may also serve as areference should questions arise regarding the accuracy of that information as presented in this report.The information presented for accounts held at other financial institutions has been provided to UBS at yourdirection through your agreement with an Outside Asset Data Aggregation Service. These accounts have beenadded to this report at your request and are automatically updated to reflect the most recent data received fromthe custodian. Information may have also been provided based on documents and valuation you provided toyour Financial Advisor. These accounts have been added to this report at your request and may not reflect thecurrent valuation.If an account number begins with "@" this denotes assets or liabilities held at other financial institutions.Information about these assets, including valuation, account type and cost basis, is based on the information youprovided to us, or provided to us by third party data aggregators or custodians at your direction. We have notverified, and are not responsible for, the accuracy or completeness of this information.If the information you or your custodians provided to us is not current, inclusion of these assets will impact theaccuracy of the current asset allocation and other analysis presented. We do not provide purchase, sale or holdrecommendations or advice with respect to your assets 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 you maintain assets at other firms that may be SIPCmembers, you should contact their financial representative or the other entity or refer to the other entitysstatement regarding SIPC membership. Your UBS Financial Services Inc. account statements are the only officialrecord of your UBS holdings and account and are not replaced, amended or superseded by any of theinformation presented in this report.Assets that you hold at other financial institutions are priced using the closing price reported on the last businessday preceding the date of this report. Every reasonable attempt has been made to accurately price securities;however, we make no warranty with respect to any security’s price. To determine the value of securities in youraccount, we generally rely on third party quotation services. If a price is unavailable or believed to be unreliable,we may determine the price in good faith and may use other sources such as the last recorded transaction.When securities are held at another custodian or if you hold illiquid or restricted securities for which there is nopublished price, we will generally rely on the value provided by the custodian or issuer of that security.The value of assets held at other financial institutions is based on the "Last Refresh Date" displayed. Up to date valuation and information can be obtained directly from the custodian of your assets. The accountstatements you receive from your third party custodian regarding the assets you hold with them are the officialrecord of your holdings and accounts and are not impacted or superseded by the information in this report.Account balances and security pricing will always display in U.S. Dollars even if assets in your Outside Accountsare denominated in other currencies. UBS will convert any values received in the Outside Account Information toU.S. Dollars using foreign exchange rates from UBS as of the previous business.

Report created on: June 01, 2023 Page 40 of 40
Item #6. Page 43
Meeting Date: 6/27/2023 / Packet Page #: 524

STAFF REPORT
TO: MAYOR AND COUNCIL MEMBERS DATE: JUNE 27, 2023
FROM: COMMUNITY DEVELOPMENT DISTRICT(S): CITYWIDE
SUBJECT: AWARD PROFESSIONAL CONTRACT SERVICES AGREEMENT TO JMDIAZ, INC. FOR

ENGINEERING AND LAND DEVELOPMENT SERVICES

RECOMMENDATION
That the City Council:

1. Award Professional Contract Services Agreement to JMDiaz, Inc. (JMD) in an amount not to exceed $200,000 for services related to providing professional engineering land development services; and

2. Authorize the City Manager to execute.

EXECUTIVE SUMMARY
As part of the 2022-2023 budget, the City created the position of Principal Engineer – Land Development.

This position is assigned to the Community Development Department. The engineering land development function is one of the City divisions that review development applications and issue construction permits.

A recruitment effort for the new position was not successful. The purpose of the Contract Services Agreement with JMD is to temporarily provide engineering services for land development until the Principal Engineer position is filled.

LEGISLATIVE HISTORY / PREVIOUS ACTIONS
In 2022, the City Council authorized the creation of a Principal Engineer – Land Development to lead and coordinate associated engineering review and issuance of permits for new development and construction.

The position is currently unfilled.

DISCUSSION
Engineering is a division within the Public Works Department. The division’s responsibilities include capital projects such as water, street, parks and other infrastructure planning and maintenance. Additionally, Engineering issues permits and reviews plans related to land development. Land development involves the issuance of permits and review of commercial and residential development applications. The engineering land development function issues permits for grading, ensures compliance with storm water regulations, processes subdivision maps, and ensures that adequate infrastructure is in place to support development.

Engineering is one of three divisions that comprise the development services function. The other divisions are Planning and Building. During the entitlement phase of a development application, Engineering works closely with Planning to determine feasibility, identify necessary public improvements, and write development conditions of approval. During the construction phase, Engineering processes Final Tract Map applications, issues construction permits for grading, Storm Water Pollution Prevention Plans (SWPP), conducts construction inspections, and provides other permit related support.

Item #7. Page 1
Meeting Date: 6/27/2023 / Packet Page #: 525
Staff Report Page 2 of 2
Considering the relationship with Building and Planning, the City Council authorized the creation of a Principal Engineer to oversee land development. This new position reports to the Community Development Director.

Recruitment for the position was unsuccessful. Staff intends to commence a second recruitment this year to hire a full-time Principal Engineer for land development. In the meantime, staff arranged for JMD to provide engineering land development services for one year, or until the position is filled.

FISCAL IMPACT
The contract with JMD to provide engineering services is for an amount not to exceed $200,000. The Principal Civil Engineer position is budgeted at $147,000 per fiscal year. As the position has not been filled, salary savings in fiscal years 2023 and 2024 will cover the cost of the contract.

ENVIRONMENTAL DETERMINATION
The contract for engineering services is exempt under the “common sense” exemption, Section 15061(b)(3), that CEQA applies only to projects which have the potential for causing a significant effect on the environment. Engineering services will involve the review of development, but the contract is limited to professional services and does not involve construction or authorize new development.

Prepared By Jeff Kugel, Community Development Director
Concurs With Not Applicable
Reviewed By Jeff Kugel, Community Development Director
Certified to Availability of Funds Kyle Johnson, Assistant Director - Finance Approved By Adam Raymond, City Manager
Legal Review William W. Wynder, City Attorney
CEQA Review Not Applicable
ATTACHMENTS:

A. Contract Services Agreement
Item #7. Page 2
Meeting Date: 6/27/2023 / Packet Page #: 526

CONTRACT SERVICES AGREEMENT
By and Between

CITY OF GLENDORA
and
JMDiaz, Inc.

DocuSign Envelope ID: F12A546B-91D3-4861-87B6-A607C96A89E6 Item #7. Page 3
Meeting Date: 6/27/2023 / Packet Page #: 527
Professional Services – JMD (Principal Engineer) 1

AGREEMENT FOR CONTRACT SERVICES

BETWEEN THE CITY OF GLENDORA AND
JMDiaz, Inc.

THIS AGREEMENT FOR CONTRACT SERVICES (herein “Agreement”) is made and entered into this _____ day of __________, 2023 by and between the City of Glendora, a California municipal corporation (“City”), and _JMDiaz, Inc., a California Corporation (“Consultant”). City and Consultant may be referred to, individually or collectively, as “Party” or “Parties.”

RECITALS
A. City has sought, by issuance of a Request for Proposals or Invitation for Bids, the performance of the services defined and described particularly in Article 1 of this Agreement.

B. Consultant, following submission of a proposal or bid for the performance of the services defined and described particularly in Article 1 of this Agreement, was selected by the City to perform those services.

C. Pursuant to the City of Glendora’s Municipal Code, City has authority to enter into and execute this Agreement.

D. The Parties desire to formalize the selection of Consultant for performance of those services defined and described particularly in Article 1 of this Agreement and desire that the terms of that performance be as particularly defined and described herein.

OPERATIVE PROVISIONS
NOW, THEREFORE, in consideration of the mutual promises and covenants made by the Parties and contained herein and other consideration, the value and adequacy of which are hereby acknowledged, the parties agree as follows:

ARTICLE 1. SERVICES OF CONSULTANT

1.1 Scope of Services.

In compliance with all terms and conditions of this Agreement, the Consultant shall provide those services specified in the “Scope of Services” attached hereto as Exhibit “A” and incorporated herein by this reference, which may be referred to herein as the “services” or “work” hereunder. As a material inducement to the City entering into this Agreement, Consultant represents and warrants that it has the qualifications, experience, and facilities necessary to properly perform the services required under this Agreement in a thorough, competent, and professional manner, and is experienced in performing the work and services contemplated herein. Consultant shall at all times faithfully, competently and to the best of its ability, experience and talent, perform all services described herein. Consultant covenants that it shall follow the highest professional standards in performing the work and services required hereunder and that all materials will be both of good quality as well as fit for the purpose intended. For purposes of this Agreement, the phrase “highest professional standards” shall mean those standards of practice recognized by one or more first-class firms performing similar work under similar circumstances.

DocuSign Envelope ID: F12A546B-91D3-4861-87B6-A607C96A89E6 Item #7. Page 4
Meeting Date: 6/27/2023 / Packet Page #: 528
Professional Services – JMD (Principal Engineer) 2

1.2 Consultant’s Proposal.

The Scope of Service shall include the Consultant’s scope of work or bid which shall be incorporated herein by this reference as though fully set forth herein. In the event of any inconsistency between the terms of such proposal and this Agreement, the terms of this Agreement shall govern.

1.3 Compliance with Law.

Consultant shall keep itself informed concerning, and shall render all services hereunder in accordance with, all ordinances, resolutions, statutes, rules, and regulations of the City and any Federal, State or local governmental entity having jurisdiction in effect at the time service is rendered.

1.4 California Labor Law.

If the Scope of Services includes any “public work” or “maintenance work,” as those terms are defined in California Labor Code section 1720 et seq. and California Code of Regulations, Title 8, Section 16000 et seq., and if the total compensation is $1,000 or more, Consultant shall pay prevailing wages for such work and comply with the requirements in California Labor Code section 1770 et seq. and 1810 et seq., and all other applicable laws, including the following requirements:
(a) Public Work. The Parties acknowledge that some or all of the work to be performed under this Agreement is a “public work” as defined in Labor Code Section 1720 and that this Agreement is therefore subject to the requirements of Division 2, Part 7, Chapter 1 (commencing with Section 1720) of the California Labor Code relating to public works contracts and the rules and regulations established by the Department of Industrial Relations (“DIR”) implementing such statutes. The work performed under this Agreement is subject to compliance monitoring and enforcement by the DIR. Consultant shall post job site notices, as prescribed by regulation.
(b) Prevailing Wages. Consultant shall pay prevailing wages to the extent required by Labor Code Section 1771. Pursuant to Labor Code Section 1773.2, copies of the prevailing rate of per diem wages are on file at City Hall and will be made available to any interested party on request. By initiating any work under this Agreement, Consultant acknowledges receipt of a copy of the Department of Industrial Relations (DIR) determination of the prevailing rate of per diem wages, and Consultant shall post a copy of the same at each job site where work is performed under this Agreement.
(c) Penalty for Failure to Pay Prevailing Wages. Consultant shall comply with and be bound by the provisions of Labor Code Sections 1774 and 1775 concerning the payment of prevailing rates of wages to workers and the penalties for failure to pay prevailing wages. The Consultant shall, as a penalty to the City, forfeit two hundred dollars ($200) for each calendar day, or portion thereof, for each worker paid less than the prevailing rates as determined by the DIR for the work or craft in which the worker is employed for any public work done pursuant to this Agreement by Consultant or by any subcontractor. (d) Payroll Records. Consultant shall comply with and be bound by the provisions of Labor Code Section 1776, which requires Consultant and each subconsultant to: keep accurate payroll records and verify such records in writing under penalty of perjury, as specified in Section 1776; certify and make such payroll records available for inspection as provided by Section 1776; and inform the City of the location of the records.
(e) Apprentices. Consultant shall comply with and be bound by the provisions of Labor Code Sections 1777.5, 1777.6, and 1777.7 and California Code of Regulations Title 8, Section 200 et seq. concerning the employment of apprentices on public works projects. Consultant shall be responsible for compliance with DocuSign Envelope ID: F12A546B-91D3-4861-87B6-A607C96A89E6 Item #7. Page 5
Meeting Date: 6/27/2023 / Packet Page #: 529
Professional Services – JMD (Principal Engineer) 3
these aforementioned Sections for all apprenticeable occupations. Prior to commencing work under this Agreement, Consultant shall provide City with a copy of the information submitted to any applicable apprenticeship program. Within sixty (60) days after concluding work pursuant to this Agreement, Consultant and each of its subconsultants shall submit to the City a verified statement of the journeyman and apprentice hours performed under this Agreement.
(f) Eight-Hour Work Day. Consultant acknowledges that eight (8) hours labor constitutes a legal day's work. Consultant shall comply with and be bound by Labor Code Section 1810. (g) Penalties for Excess Hours. Consultant shall comply with and be bound by the provisions of Labor Code Section 1813 concerning penalties for workers who work excess hours. The Consultant shall, as a penalty to the City, forfeit twenty-five dollars ($25) for each worker employed in the performance of this Agreement by the Consultant or by any subcontractor for each calendar day during which such worker is required or permitted to work more than eight (8) hours in any one calendar day and forty (40) hours in any one calendar week in violation of the provisions of Division 2, Part 7, Chapter 1, Article 3 of the Labor Code.

Pursuant to Labor Code section 1815, work performed by employees of Consultant in excess of eight (8) hours per day, and forty (40) hours during any one week shall be permitted upon public work upon compensation for all hours worked in excess of 8 hours per day at not less than one and one-half (1½) times the basic rate of pay. (h) Workers’ Compensation. California Labor Code Sections 1860 and 3700 provide that every employer will be required to secure the payment of compensation to its employees if it has employees. In accordance with the provisions of California Labor Code Section 1861, Consultant certifies as follows:
“I am aware of the provisions of Section 3700 of the Labor Code which require every employer to be insured against liability for workers' compensation or to undertake self-insurance in accordance with the provisions of that code, and I will comply with such provisions before commencing the performance of the work of this contract.” Consultant’s Authorized Initials ___________________
Juan M. Diaz, President/CEO
(i) Consultant’s Responsibility for Subcontractors. For every subcontractor who will perform work under this Agreement, Consultant shall be responsible for such subcontractor's compliance with Division 2, Part 7, Chapter 1 (commencing with Section 1720) of the California Labor Code, and shall make such compliance a requirement in any contract with any subcontractor for work under this Agreement. Consultant shall be required to take all actions necessary to enforce such contractual provisions and ensure subcontractor's compliance, including without limitation, conducting a review of the certified payroll records of the subcontractor on a periodic basis or upon becoming aware of the failure of the subcontractor to pay his or her workers the specified prevailing rate of wages. Consultant shall diligently take corrective action to halt or rectify any such failure by any subcontractor.

1.5 Licenses, Permits, Fees and Assessments.

Consultant shall obtain at its sole cost and expense such licenses, permits and approvals as may be required by law for the performance of the services required by this Agreement. Consultant shall have the sole obligation to pay for any fees, assessments and taxes, plus applicable penalties and interest, which may be imposed by law and arise from or are necessary for the Consultant’s performance of the services required by this Agreement, and shall indemnify, defend and hold harmless City, its officers, employees or agents of City, DocuSign Envelope ID: F12A546B-91D3-4861-87B6-A607C96A89E6 Item #7. Page 6
Meeting Date: 6/27/2023 / Packet Page #: 530
Professional Services – JMD (Principal Engineer) 4
against any such fees, assessments, taxes, penalties or interest levied, assessed or imposed against City hereunder.

1.6 Familiarity with Work.

By executing this Agreement, Consultant warrants that Consultant (i) has thoroughly investigated and considered the scope of services to be performed, (ii) has carefully considered how the services should be performed, and (iii) fully understands the facilities, difficulties and restrictions attending performance of the services under this Agreement. If the services involve work upon any site, Consultant warrants that Consultant has or will investigate the site and is or will be fully acquainted with the conditions there existing, prior to commencement of services hereunder. Should the Consultant discover any latent or unknown conditions, which will materially affect the performance of the services hereunder, Consultant shall immediately inform the City of such fact and shall not proceed except at Consultant’s risk until written instructions are received from the Contract Officer.

1.7 Care of Work.

The Consultant shall adopt reasonable methods during the life of the Agreement to furnish continuous protection to the work, and the equipment, materials, papers, documents, plans, studies and/or other components thereof to prevent losses or damages, and shall be responsible for all such damages, to persons or property, until acceptance of the work by City, except such losses or damages as may be caused by City’s own negligence.

1.8 Further Responsibilities of Parties.

Both parties agree to use reasonable care and diligence to perform their respective obligations under this Agreement. Both parties agree to act in good faith to execute all instruments, prepare all documents and take all actions as may be reasonably necessary to carry out the purposes of this Agreement. Unless hereafter specified, neither party shall be responsible for the service of the other.

1.9 Additional Services.

City shall have the right at any time during the performance of the services, without invalidating this Agreement, to order extra work beyond that specified in the Scope of Services or make changes by altering, adding to or deducting from said work. No such extra work may be undertaken unless a written order is first given by the Contract Officer to the Consultant, incorporating therein any adjustment in (i) the Contract Sum for the actual costs of the extra work, and/or (ii) the time to perform this Agreement, which said adjustments are subject to the written approval of the Consultant. Any increase in compensation of up to ten percent (10%) of the Contract Sum or $50,000, whichever is less; or, in the time to perform of up to one hundred eighty (180) days, may be approved by the Contract Officer. Any greater increases, taken either separately or cumulatively, must be approved by the City Council. It is expressly understood by Consultant that the provisions of this Section shall not apply to services specifically set forth in the Scope of Services. Consultant hereby acknowledges that it accepts the risk that the services to be provided pursuant to the Scope of Services may be more costly or time consuming than Consultant anticipates and that Consultant shall not be entitled to additional compensation therefor. City may in its sole and absolute discretion have similar work done by other Consultants. No claims for an increase in the Contract Sum or time for performance shall be valid unless the procedures established in this Section are followed.

DocuSign Envelope ID: F12A546B-91D3-4861-87B6-A607C96A89E6 Item #7. Page 7
Meeting Date: 6/27/2023 / Packet Page #: 531
Professional Services – JMD (Principal Engineer) 5

1.10 Special Requirements.

Additional terms and conditions of this Agreement, if any, which are made a part hereof are set forth in the “Special Requirements” attached hereto as Exhibit “B” and incorporated herein by this reference. In the event of a conflict between the provisions of Exhibit “B” and any other provisions of this Agreement, the provisions of Exhibit “B” shall govern.

ARTICLE 2. COMPENSATION AND METHOD OF PAYMENT.

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 $200,000.00 (Two Hundred Thousand Dollars) (the “Contract Sum”), unless additional compensation is approved pursuant to Section 1.9.

2.2 Method of Compensation.

The method of compensation may include: (i) a lump sum payment upon completion; (ii) payment in accordance with specified tasks or the percentage of completion of the services, less contract retention; (iii) payment for time and materials based upon the Consultant’s rates as specified in the Schedule of Compensation, provided that (a) time estimates are provided for the performance of sub tasks, (b) contract retention is maintained, and (c) the Contract Sum is not exceeded; or (iv) such other methods as may be specified in the Schedule of Compensation.

2.3 Reimbursable Expenses.

Compensation may include reimbursement for actual and necessary expenditures for reproduction costs, telephone expenses, and travel expenses approved by the Contract Officer in advance, or actual subcontractor expenses of an approved subcontractor pursuant to Section 4.5, and only if specified in the Schedule of Compensation. The Contract Sum shall include the attendance of Consultant at all project meetings reasonably deemed necessary by the City. Coordination of the performance of the work with City is a critical component of the services. If Consultant is required to attend additional meetings to facilitate such coordination, Consultant shall not be entitled to any additional compensation for attending said meetings.

2.4 Invoices.

Each month Consultant shall furnish to City an original invoice for all work performed and expenses incurred during the preceding month in a form approved by City’s Director of Finance. By submitting an invoice for payment under this Agreement, Consultant is certifying compliance with all provisions of the Agreement.

The invoice shall contain all information specified in Exhibit “C”, and shall detail charges for all necessary and actual expenses by the following categories: labor (by sub-category), travel, materials, equipment, supplies, and sub-contractor contracts. Sub-contractor charges shall also be detailed by such categories. Consultant shall not invoice City for any duplicate services performed by more than one person.

City shall independently review each invoice submitted by the Consultant to determine whether the work performed and expenses incurred are in compliance with the provisions of this Agreement. Except as to any charges for work performed or expenses incurred by Consultant which are disputed by City, or as provided in Section 7.3, City will use its best efforts to cause Consultant to be paid within forty-five (45) days of receipt of Consultant’s correct and undisputed invoice; however, Consultant acknowledges and agrees that due to City DocuSign Envelope ID: F12A546B-91D3-4861-87B6-A607C96A89E6 Item #7. Page 8
Meeting Date: 6/27/2023 / Packet Page #: 532
Professional Services – JMD (Principal Engineer) 6
warrant run procedures, the City cannot guarantee that payment will occur within this time period. In the event any charges or expenses are disputed by City, the original invoice shall be returned by City to Consultant for correction and resubmission. Review and payment by City for any invoice provided by the Consultant shall not constitute a waiver of any rights or remedies provided herein or any applicable law.

2.5 Waiver.

Payment to Consultant for work performed pursuant to this Agreement shall not be deemed to waive any defects in work performed by Consultant.

ARTICLE 3. PERFORMANCE SCHEDULE

3.1 Time of Essence.

Time is of the essence in the performance of this Agreement.

3.2 Schedule of Performance.

Consultant shall commence the services pursuant to this Agreement upon receipt of a written notice to proceed and shall perform all services within the time period(s) established in the “Schedule of Performance” attached hereto as Exhibit “D” and incorporated herein by this reference. When requested by the Consultant, extensions to the time period(s) specified in the Schedule of Performance may be approved in writing by the Contract Officer but not exceeding one hundred eighty (180) days cumulatively.

3.3 Force Majeure.

The time period(s) specified in the Schedule of Performance for performance of the services rendered pursuant to this Agreement shall be extended because of any delays due to unforeseeable causes beyond the control and without the fault or negligence of the Consultant, including, but not restricted to, acts of God or of the public enemy, unusually severe weather, fires, earthquakes, floods, epidemics, quarantine restrictions, riots, strikes, freight embargoes, wars, litigation, and/or acts of any governmental agency, including the City, if the Consultant shall within ten (10) days of the commencement of such delay notify the Contract Officer in writing of the causes of the delay. The Contract Officer shall ascertain the facts and the extent of delay, and extend the time for performing the services for the period of the enforced delay when and if in the judgment of the Contract Officer such delay is justified. The Contract Officer’s determination shall be final and conclusive upon the parties to this Agreement. In no event shall Consultant be entitled to recover damages against the City for any delay in the performance of this Agreement, however caused, Consultant’s sole remedy being extension of the Agreement pursuant to this Section.

3.4 Term & Extended Term.

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) year from the date hereof, except as otherwise provided in the Schedule of Performance (Exhibit “D”). The City Manager may, at his/her sole discretion, extend the Term for one (1) additional one-year Extended Term by giving advance written notice thereof not later than sixty (60) days prior to the expiration of the Term.

ARTICLE 4. COORDINATION OF WORK

4.1 Representatives and Personnel of Consultant.

DocuSign Envelope ID: F12A546B-91D3-4861-87B6-A607C96A89E6 Item #7. Page 9
Meeting Date: 6/27/2023 / Packet Page #: 533
Professional Services – JMD (Principal Engineer) 7
The following principals of Consultant (“Principals”) are hereby designated as being the principals and representatives of Consultant authorized to act in its behalf with respect to the work specified herein and make all decisions in connection therewith:

Juan M. Diaz, President/CEO
It is expressly understood that the experience, knowledge, capability and reputation of the foregoing principals were a substantial inducement for City to enter into this Agreement. Therefore, the foregoing principals shall be responsible during the term of this Agreement for directing all activities of Consultant and devoting sufficient time to personally supervise the services hereunder. All personnel of Consultant, and any authorized agents, shall at all times be under the exclusive direction and control of the Principals. For purposes of this Agreement, the foregoing Principals may not be replaced nor may their responsibilities be substantially reduced by Consultant without the express written approval of City. Additionally, Consultant shall utilize only competent personnel to perform services pursuant to this Agreement. Consultant shall make every reasonable effort to maintain the stability and continuity of Consultant’s staff and subcontractors, if any, assigned to perform the services required under this Agreement. Consultant shall notify City of any changes in Consultant’s staff and subcontractors, if any, assigned to perform the services required under this Agreement, prior to and during any such performance.

4.2 Status of Consultant.

Consultant shall have no authority to bind City in any manner, or to incur any obligation, debt or liability of any kind on behalf of or against City, whether by contract or otherwise, unless such authority is expressly conferred under this Agreement or is otherwise expressly conferred in writing by City. Consultant shall not at any time or in any manner represent that Consultant or any of Consultant’s officers, employees, or agents are in any manner officials, officers, employees or agents of City. Neither Consultant, nor any of Consultant’s officers, employees or agents, shall obtain any rights to retirement, health care or any other benefits which may otherwise accrue to City’s employees. Consultant expressly waives any claim Consultant may have to any such rights.

4.3 Contract Officer.

The Contract Officer shall be Community Development Director or such person as may be designated by the City Manager. It shall be the Consultant’s responsibility to assure that the Contract Officer is kept informed of the progress of the performance of the services and the Consultant shall refer any decisions which must be made by City to the Contract Officer. Unless otherwise specified herein, any approval of City required hereunder shall mean the approval of the Contract Officer. The Contract Officer shall have authority, if specified in writing by the City Manager, to sign all documents on behalf of the City required hereunder to carry out the terms of this Agreement.

4.4 Independent Consultant.

Neither the City nor any of its employees shall have any control over the manner, mode or means by which Consultant, its agents or employees, perform the services required herein, except as otherwise set forth herein. City shall have no voice in the selection, discharge, supervision or control of Consultant’s employees, servants, representatives or agents, or in fixing their number, compensation or hours of service. Consultant shall perform all services required herein as an independent contractor of City and shall remain at all times as to City a wholly independent contractor with only such obligations as are consistent with that role. Consultant shall not at any time or in any manner represent that it or any of its agents or employees are agents or employees of City.

DocuSign Envelope ID: F12A546B-91D3-4861-87B6-A607C96A89E6 Item #7. Page 10
Meeting Date: 6/27/2023 / Packet Page #: 534
Professional Services – JMD (Principal Engineer) 8
City shall not in any way or for any purpose become or be deemed to be a partner of Consultant in its business or otherwise or a joint venturer or a member of any joint enterprise with Consultant.

4.5 Prohibition Against Subcontracting or Assignment.

The experience, knowledge, capability and reputation of Consultant, its principals and employees were a substantial inducement for the City to enter into this Agreement. Therefore, Consultant shall not contract with any other entity to perform in whole or in part the services required hereunder without the express written approval of the City. In addition, neither this Agreement nor any interest herein may be transferred, assigned, conveyed, hypothecated or encumbered voluntarily or by operation of law, whether for the benefit of creditors or otherwise, without the prior written approval of City. Transfers restricted hereunder shall include the transfer to any person or group of persons acting in concert of more than twenty five percent (25%) of the present ownership and/or control of Consultant, taking all transfers into account on a cumulative basis. In the event of any such unapproved transfer, including any bankruptcy proceeding, this Agreement shall be void. No approved transfer shall release the Consultant or any surety of Consultant of any liability hereunder without the express consent of City.

ARTICLE 5. INSURANCE AND INDEMNIFICATION

5.1 Insurance Coverages.

Without limiting Consultant’s indemnification of City, and prior to commencement of any services under this Agreement, Consultant shall obtain, provide and maintain at its own expense during the term of this Agreement, policies of insurance of the type and amounts described below and in a form satisfactory to City. (a) General liability insurance. Consultant shall maintain commercial general liability insurance with coverage at least as broad as Insurance Services Office form CG 00 01, in an amount not less than $1,000,000 per occurrence, $2,000,000 general aggregate, for bodily injury, personal injury, and property damage. The policy must include contractual liability that has not been amended. Any endorsement restricting standard ISO “insured contract” language will not be accepted. (b) Automobile liability insurance. Consultant shall maintain automobile insurance at least as broad as Insurance Services Office form CA 00 01 covering bodily injury and property damage for all activities of the Consultant arising out of or in connection with Services to be performed under this Agreement, including coverage for any owned, hired, non-owned or rented vehicles, in an amount not less than $1,000,000 combined single limit for each accident.
(c) Professional liability (errors & omissions) insurance. Consultant shall maintain professional liability insurance that covers the Services to be performed in connection with this Agreement, in the minimum amount of $1,000,000 per claim and in the aggregate. Any policy inception date, continuity date, or retroactive date must be before the effective date of this Agreement and Consultant agrees to maintain continuous coverage through a period no less than three (3) years after completion of the services required by this Agreement.
(d) Workers’ compensation insurance. Consultant shall maintain Workers’ Compensation Insurance (Statutory Limits) and Employer’s Liability Insurance (with limits of at least $1,000,000). (e) Subcontractors. Consultant shall include all subcontractors as insureds under its policies or shall furnish separate certificates and certified endorsements for each subcontractor. All coverages for subcontractors shall include all of the requirements stated herein.

DocuSign Envelope ID: F12A546B-91D3-4861-87B6-A607C96A89E6 Item #7. Page 11
Meeting Date: 6/27/2023 / Packet Page #: 535
Professional Services – JMD (Principal Engineer) 9
(f) Additional Insurance. Policies of such other insurance, as may be required in the Special Requirements in Exhibit “B”.

5.2 General Insurance Requirements.
(a) Proof of insurance. Consultant shall provide certificates of insurance to City as evidence of the insurance coverage required herein, along with a waiver of subrogation endorsement for workers’ compensation. Insurance certificates and endorsements must be approved by City’s Risk Manager prior to commencement of performance. Current certification of insurance shall be kept on file with City at all times during the term of this Agreement. City reserves the right to require complete, certified copies of all required insurance policies, at any time.
(b) Duration of coverage. Consultant shall procure and maintain for the duration of this Agreement insurance against claims for injuries to persons or damages to property, which may arise from or in connection with the performance of the Services hereunder by Consultant, its agents, representatives, employees or subconsultants.
(c) Primary/noncontributing. Coverage provided by Consultant shall be primary and any insurance or self-insurance procured or maintained by City shall not be required to contribute with it. The limits of insurance required herein may be satisfied by a combination of primary and umbrella or excess insurance.

Any umbrella or excess insurance shall contain or be endorsed to contain a provision that such coverage shall also apply on a primary and non-contributory basis for the benefit of City before the City’s own insurance or self-insurance shall be called upon to protect it as a named insured. (d) City’s rights of enforcement. In the event any policy of insurance required under this Agreement does not comply with these specifications or is canceled and not replaced, City has the right but not the duty to obtain the insurance it deems necessary and any premium paid by City will be promptly reimbursed by Consultant or City will withhold amounts sufficient to pay premium from Consultant payments. In the alternative, City may cancel this Agreement.
(e) Acceptable insurers. All insurance policies shall be issued by an insurance company currently authorized by the Insurance Commissioner to transact business of insurance or that is on the List of Approved Surplus Line Insurers in the State of California, with an assigned policyholders’ Rating of A- (or higher) and Financial Size Category Class VI (or larger) in accordance with the latest edition of Best’s Key Rating Guide, unless otherwise approved by the City’s Risk Manager. (f) Waiver of subrogation. All insurance coverage maintained or procured pursuant to this agreement shall be endorsed to waive subrogation against City, its elected or appointed officers, agents, officials, employees and volunteers or shall specifically allow Consultant or others providing insurance evidence in compliance with these specifications to waive their right of recovery prior to a loss. Consultant hereby waives its own right of recovery against City, and shall require similar written express waivers and insurance clauses from each of its subconsultants.
(g) Enforcement of contract provisions (non-estoppel). Consultant acknowledges and agrees that any actual or alleged failure on the part of the City to inform Consultant of non-compliance with any requirement imposes no additional obligations on the City nor does it waive any rights hereunder. (h) Requirements not limiting. Requirements of specific coverage features or limits contained in this section are not intended as a limitation on coverage, limits or other requirements, or a waiver of any coverage normally provided by any insurance. Specific reference to a given coverage feature is for purposes of DocuSign Envelope ID: F12A546B-91D3-4861-87B6-A607C96A89E6 Item #7. Page 12
Meeting Date: 6/27/2023 / Packet Page #: 536
Professional Services – JMD (Principal Engineer) 10
clarification only as it pertains to a given issue and is not intended by any party or insured to be all inclusive, or to the exclusion of other coverage, or a waiver of any type. If the Consultant maintains higher limits than the minimums shown above, the City requires and shall be entitled to coverage for the higher limits maintained by the Consultant. Any available insurance proceeds in excess of the specified minimum limits of insurance and coverage shall be available to the City.
(i) Notice of cancellation. Consultant agrees to oblige its insurance agent or broker and insurers to provide to City with a thirty (30) day notice of cancellation (except for nonpayment for which a ten (10) day notice is required) or nonrenewal of coverage for each required coverage. (j) Additional insured status. General liability policies shall provide or be endorsed to provide that City and its officers, officials, employees, and agents, and volunteers shall be additional insureds under such policies. This provision shall also apply to any excess/umbrella liability policies. (k) Prohibition of undisclosed coverage limitations. None of the coverages required herein will be in compliance with these requirements if they include any limiting endorsement of any kind that has not been first submitted to City and approved of in writing. (l) Separation of insureds. A severability of interests provision must apply for all additional insureds ensuring that Consultant’s insurance shall apply separately to each insured against whom claim is made or suit is brought, except with respect to the insurer’s limits of liability. The policy(ies) shall not contain any cross-liability exclusions.
(m) Pass through clause. Consultant agrees to ensure that its subconsultants, subcontractors, and any other party involved with the project who is brought onto or involved in the project by Consultant, provide the same minimum insurance coverage and endorsements required of Consultant. Consultant agrees to monitor and review all such coverage and assumes all responsibility for ensuring that such coverage is provided in conformity with the requirements of this section. Consultant agrees that upon request, all agreements with consultants, subcontractors, and others engaged in the project will be submitted to City for review. (n) Agency’s right to revise specifications. The City reserves the right at any time during the term of the contract to change the amounts and types of insurance required by giving the Consultant ninety (90) days advance written notice of such change. If such change results in substantial additional cost to the Consultant, the City and Consultant may renegotiate Consultant’s compensation. (o) Self-insured retentions. Any self-insured retentions must be declared to and approved by City. City reserves the right to require that self-insured retentions be eliminated, lowered, or replaced by a deductible. Self-insurance will not be considered to comply with these specifications unless approved by City. (p) Timely notice of claims. Consultant shall give City prompt and timely notice of claims made or suits instituted that arise out of or result from Consultant’s performance under this Agreement, and that involve or may involve coverage under any of the required liability policies. (q) Additional insurance. Consultant shall also procure and maintain, at its own cost and expense, any additional kinds of insurance, which in its own judgment may be necessary for its proper protection and prosecution of the work.

5.3 Indemnification.

To the full extent permitted by law, Consultant agrees to indemnify, defend and hold harmless the City, its officers, employees and agents (“Indemnified Parties”) against, and will hold and save them and each of them DocuSign Envelope ID: F12A546B-91D3-4861-87B6-A607C96A89E6 Item #7. Page 13
Meeting Date: 6/27/2023 / Packet Page #: 537
Professional Services – JMD (Principal Engineer) 11
harmless from, any and all actions, either judicial, administrative, arbitration or regulatory claims, damages to persons or property, losses, costs, penalties, obligations, errors, omissions or liabilities whether actual or threatened (herein “claims or liabilities”) that may be asserted or claimed by any person, firm or entity arising out of or in connection with the negligent performance of the work, operations or activities provided herein of Consultant, its officers, employees, agents, subcontractors, or invitees, or any individual or entity for which Consultant is legally liable (“indemnitors”), or arising from Consultant’s or indemnitors’ reckless or willful misconduct, or arising from Consultant’s or indemnitors’ negligent performance of or failure to perform any term, provision, covenant or condition of this Agreement, and in connection therewith:
(a) Consultant will defend any action or actions filed in connection with any of said claims or liabilities and will pay all costs and expenses, including legal costs and attorneys’ fees incurred in connection therewith;
(b) Consultant will promptly pay any judgment rendered against the City, its officers, agents or employees for any such claims or liabilities arising out of or in connection with the negligent performance of or failure to perform such work, operations or activities of Consultant hereunder; and Consultant agrees to save and hold the City, its officers, agents, and employees harmless therefrom; (c) In the event the City, its officers, agents or employees is made a party to any action or proceeding filed or prosecuted against Consultant for such damages or other claims arising out of or in connection with the negligent performance of or failure to perform the work, operation or activities of Consultant hereunder, Consultant agrees to pay to the City, its officers, agents or employees, any and all costs and expenses incurred by the City, its officers, agents or employees in such action or proceeding, including but not limited to, legal costs and attorneys’ fees.

Consultant shall incorporate similar indemnity agreements with its subcontractors and if it fails to do so Consultant shall be fully responsible to indemnify City hereunder therefore, and failure of City to monitor compliance with these provisions shall not be a waiver hereof. This indemnification includes claims or liabilities arising from any negligent or wrongful act, error or omission, or reckless or willful misconduct of Consultant in the performance of professional services hereunder. The provisions of this Section do not apply to claims or liabilities occurring as a result of City’s sole negligence or willful acts or omissions, but, to the fullest extent permitted by law, shall apply to claims and liabilities resulting in part from City’s negligence, except that design professionals’ indemnity hereunder shall be limited to claims and liabilities arising out of the negligence, recklessness or willful misconduct of the design professional. The indemnity obligation shall be binding on successors and assigns of Consultant and shall survive termination of this Agreement.

ARTICLE 6. RECORDS, REPORTS, AND RELEASE OF INFORMATION

6.1 Records.

Consultant shall keep, and require subcontractors to keep, such ledgers, books of accounts, invoices, vouchers, canceled checks, reports, studies or other documents relating to the disbursements charged to City and services performed hereunder (the “books and records”), as shall be necessary to perform the services required by this Agreement and enable the Contract Officer to evaluate the performance of such services. Any and all such documents shall be maintained in accordance with generally accepted accounting principles and shall be complete and detailed. The Contract Officer shall have full and free access to such books and records at all times during normal business hours of City, including the right to inspect, copy, audit and make records and transcripts from such records. Such records shall be maintained for a period of three (3) years following DocuSign Envelope ID: F12A546B-91D3-4861-87B6-A607C96A89E6 Item #7. Page 14
Meeting Date: 6/27/2023 / Packet Page #: 538
Professional Services – JMD (Principal Engineer) 12
completion of the services hereunder, and the City shall have access to such records in the event any audit is required. In the event of dissolution of Consultant’s business, custody of the books and records may be given to City, and access shall be provided by Consultant’s successor in interest. Notwithstanding the above, the Consultant shall fully cooperate with the City in providing access to the books and records if a public records request is made and disclosure is required by law including but not limited to the California Public Records Act.

6.2 Reports.

Consultant shall periodically prepare and submit to the Contract Officer such reports concerning the performance of the services required by this Agreement as the Contract Officer shall require. Consultant hereby acknowledges that the City is greatly concerned about the cost of work and services to be performed pursuant to this Agreement. For this reason, Consultant agrees that if Consultant becomes aware of any facts, circumstances, techniques, or events that may or will materially increase or decrease the cost of the work or services contemplated herein or, if Consultant is providing design services, the cost of the project being designed, Consultant shall promptly notify the Contract Officer of said fact, circumstance, technique or event and the estimated increased or decreased cost related thereto and, if Consultant is providing design services, the estimated increased or decreased cost estimate for the project being designed.

6.3 Ownership of Documents.

All drawings, specifications, maps, designs, photographs, studies, surveys, data, notes, computer files, reports, records, documents and other materials (the “documents and materials”) prepared by Consultant, its employees, subcontractors and agents in the performance of this Agreement shall be the property of City and shall be delivered to City upon request of the Contract Officer or upon the termination of this Agreement, and Consultant shall have no claim for further employment or additional compensation as a result of the exercise by City of its full rights of ownership use, reuse, or assignment of the documents and materials hereunder. Any use, reuse or assignment of such completed documents for other projects and/or use of uncompleted documents without specific written authorization by the Consultant will be at the City’s sole risk and without liability to Consultant, and Consultant’s guarantee and warranties shall not extend to such use, reuse or assignment.

Consultant may retain copies of such documents for its own use. Consultant shall have the right to use the concepts embodied therein. All subcontractors shall provide for assignment to City of any documents or materials prepared by them, and in the event Consultant fails to secure such assignment, Consultant shall indemnify City for all damages resulting therefrom. Moreover, Consultant with respect to any documents and materials that may qualify as “works made for hire” as defined in 17 U.S.C. § 101, such documents and materials are hereby deemed “works made for hire” for the City.

6.4 Confidentiality and Release of Information.
(a) All information gained or work product produced by Consultant in performance of this Agreement shall be considered confidential, unless such information is in the public domain or already known to Consultant. Consultant shall not release or disclose any such information or work product to persons or entities other than City without prior written authorization from the Contract Officer. (b) Consultant, its officers, employees, agents or subcontractors, shall not, without prior written authorization from the Contract Officer or unless requested by the City Attorney, voluntarily provide documents, declarations, letters of support, testimony at depositions, response to interrogatories or other information concerning the work performed under this Agreement. Response to a subpoena or court order shall not be considered “voluntary” provided Consultant gives City notice of such court order or subpoena.

DocuSign Envelope ID: F12A546B-91D3-4861-87B6-A607C96A89E6 Item #7. Page 15
Meeting Date: 6/27/2023 / Packet Page #: 539
Professional Services – JMD (Principal Engineer) 13
(c) If Consultant, or any officer, employee, agent or subcontractor of Consultant, provides any information or work product in violation of this Agreement, then City shall have the right to reimbursement and indemnity from Consultant for any damages, costs and fees, including attorney’s fees, caused by or incurred as a result of Consultant’s conduct.
(d) Consultant shall promptly notify City should Consultant, its officers, employees, agents or subcontractors be served with any summons, complaint, subpoena, notice of deposition, request for documents, interrogatories, request for admissions or other discovery request, court order or subpoena from any party regarding this Agreement and the work performed there under. City retains the right, but has no obligation, to represent Consultant or be present at any deposition, hearing or similar proceeding. Consultant agrees to cooperate fully with City and to provide City with the opportunity to review any response to discovery requests provided by Consultant. However, this right to review any such response does not imply or mean the right by City to control, direct, or rewrite said response.

ARTICLE 7. ENFORCEMENT OF AGREEMENT AND TERMINATION

7.1 California Law.

This Agreement shall be interpreted, construed and governed both as to validity and to performance of the parties in accordance with the laws of the State of California. Legal actions concerning any dispute, claim or matter arising out of or in relation to this Agreement shall be instituted in the Superior Court of the County of Los Angeles, State of California, or any other appropriate court in such county, and Consultant covenants and agrees to submit to the personal jurisdiction of such court in the event of such action. In the event of litigation in a U.S. District Court, venue shall lie exclusively in the Central District of California, in the County of Los Angeles, State of California.

7.2 Disputes; Default.

In the event that Consultant is in default under the terms of this Agreement, the City shall not have any obligation or duty to continue compensating Consultant for any work performed after the date of default.

Instead, the City may give notice to Consultant of the default and the reasons for the default. The notice shall include the timeframe in which Consultant may cure the default. This timeframe is presumptively thirty (30) days, but may be extended, though not reduced, if circumstances warrant. During the period of time that Consultant is in default, the City shall hold all invoices and shall, when the default is cured, proceed with payment on the invoices. In the alternative, the City may, in its sole discretion, elect to pay some or all of the outstanding invoices during the period of default. If Consultant does not cure the default, the City may take necessary steps to terminate this Agreement under this Article. Any failure on the part of the City to give notice of the Consultant’s default shall not be deemed to result in a waiver of the City’s legal rights or any rights arising out of any provision of this Agreement.

7.3 Retention of Funds.

Consultant hereby authorizes City to deduct from any amount payable to Consultant (whether or not arising out of this Agreement) (i) any amounts the payment of which may be in dispute hereunder or which are necessary to compensate City for any losses, costs, liabilities, or damages suffered by City, and (ii) all amounts for which City may be liable to third parties, by reason of Consultant’s acts or omissions in performing or failing to perform Consultant’s obligation under this Agreement. In the event that any claim is made by a third party, the amount or validity of which is disputed by Consultant, or any indebtedness shall exist which shall appear to be the basis for a claim of lien, City may withhold from any payment due, without liability for interest because of such withholding, an amount sufficient to cover such claim. The failure of City to exercise such right DocuSign Envelope ID: F12A546B-91D3-4861-87B6-A607C96A89E6 Item #7. Page 16
Meeting Date: 6/27/2023 / Packet Page #: 540
Professional Services – JMD (Principal Engineer) 14
to deduct or to withhold shall not, however, affect the obligations of the Consultant to insure, indemnify, and protect City as elsewhere provided herein.

7.4 Waiver.

Waiver by any party to this Agreement of any term, condition, or covenant of this Agreement shall not constitute a waiver of any other term, condition, or covenant. Waiver by any party of any breach of the provisions of this Agreement shall not constitute a waiver of any other provision or a waiver of any subsequent breach or violation of any provision of this Agreement. Acceptance by City of any work or services by Consultant shall not constitute a waiver of any of the provisions of this Agreement. No delay or omission in the exercise of any right or remedy by a non-defaulting party on any default shall impair such right or remedy or be construed as a waiver. Any waiver by either party of any default must be in writing and shall not be a waiver of any other default concerning the same or any other provision of this Agreement.

7.5 Rights and Remedies are Cumulative.

Except with respect to rights and remedies expressly declared to be exclusive in this Agreement, the rights and remedies of the parties are cumulative and the exercise by either party of one or more of such rights or remedies shall not preclude the exercise by it, at the same or different times, of any other rights or remedies for the same default or any other default by the other party.

7.6 Legal Action.

In addition to any other rights or remedies, either party may take legal action, in law or in equity, to cure, correct or remedy any default, to recover damages for any default, to compel specific performance of this Agreement, to obtain declaratory or injunctive relief, or to obtain any other remedy consistent with the purposes of this Agreement. Notwithstanding any contrary provision herein, Consultant shall file a statutory claim pursuant to Government Code Sections 905 et seq. and 910 et seq., in order to pursue a legal action under this Agreement.

7.7 Termination Prior to Expiration of Term.

This Section shall govern any termination of this Contract except as specifically provided in the following Section for termination for cause. The City reserves the right to terminate this Contract at any time, with or without cause, upon thirty (30) days’ written notice to Consultant, except that where termination is due to the fault of the Consultant, the period of notice may be such shorter time as may be determined by the Contract Officer. In addition, the Consultant reserves the right to terminate this Contract at any time, with or without cause, upon sixty (60) days’ written notice to City, except that where termination is due to the fault of the City, the period of notice may be such shorter time as the Consultant may determine. Upon receipt of any notice of termination, Consultant shall immediately cease all services hereunder except such as may be specifically approved by the Contract Officer. Except where the Consultant has initiated termination, the Consultant shall be entitled to compensation for all services rendered prior to the effective date of the notice of termination and for any services authorized by the Contract Officer thereafter in accordance with the Schedule of Compensation or such as may be approved by the Contract Officer, except as provided in Section 7.3. In the event the Consultant has initiated termination, the Consultant shall be entitled to compensation only for the reasonable value of the work product actually produced hereunder. In the event of termination without cause pursuant to this Section, the terminating party need not provide the non-terminating party with the opportunity to cure pursuant to Section 7.2.

DocuSign Envelope ID: F12A546B-91D3-4861-87B6-A607C96A89E6 Item #7. Page 17
Meeting Date: 6/27/2023 / Packet Page #: 541
Professional Services – JMD (Principal Engineer) 15

7.8 Termination for Default of Consultant.

If termination is due to the failure of the Consultant to fulfill its obligations under this Agreement, City may, after compliance with the provisions of Section 7.2, take over the work and prosecute the same to completion by contract or otherwise, and the Consultant shall be liable to the extent that the total cost for completion of the services required hereunder exceeds the compensation herein stipulated (provided that the City shall use reasonable efforts to mitigate such damages), and City may withhold any payments to the Consultant for the purpose of set-off or partial payment of the amounts owed the City as previously stated.

7.9 Attorneys’ Fees.

If either party to this Agreement is required to initiate or defend or made a party to any action or proceeding in any way connected with this Agreement, the prevailing party in such action or proceeding, in addition to any other relief which may be granted, whether legal or equitable, shall be entitled to reasonable attorney’s fees. Attorney’s fees shall include attorney’s fees on any appeal, and in addition a party entitled to attorney’s fees shall be entitled to all other reasonable costs for investigating such action, taking depositions and discovery and all other necessary costs the court allows which are incurred in such litigation. All such fees shall be deemed to have accrued on commencement of such action and shall be enforceable whether or not such action is prosecuted to judgment.

ARTICLE 8. CITY OFFICERS AND EMPLOYEES: NON-DISCRIMINATION

8.1 Non-liability of City Officers and Employees.

No officer or employee of the City shall be personally liable to the Consultant, or any successor in interest, in the event of any default or breach by the City or for any amount which may become due to the Consultant or to its successor, or for breach of any obligation of the terms of this Agreement.

8.2 Conflict of Interest.

Consultant covenants that neither it, nor any officer or principal of its firm, has or shall acquire any interest, directly or indirectly, which would conflict in any manner with the interests of City or which would in any way hinder Consultant’s performance of services under this Agreement. Consultant further covenants that in the performance of this Agreement, no person having any such interest shall be employed by it as an officer, employee, agent or subcontractor without the express written consent of the Contract Officer. Consultant agrees to at all times avoid conflicts of interest or the appearance of any conflicts of interest with the interests of City in the performance of this Agreement.

No officer or employee of the City shall have any financial interest, direct or indirect, in this Agreement nor shall any such officer or employee participate in any decision relating to the Agreement which affects her/his financial interest or the financial interest of any corporation, partnership or association in which (s)he is, directly or indirectly, interested, in violation of any State statute or regulation. The Consultant warrants that it has not paid or given and will not pay or give any third party any money or other consideration for obtaining this Agreement.

8.3 Covenant Against Discrimination.

Consultant covenants that, by and for itself, its heirs, executors, assigns, and all persons claiming under or through them, that there shall be no discrimination against or segregation of, any person or group of persons on account of race, color, creed, religion, sex, gender, sexual orientation, marital status, national origin, ancestry or other protected class in the performance of this Agreement. Consultant shall take affirmative action to insure DocuSign Envelope ID: F12A546B-91D3-4861-87B6-A607C96A89E6 Item #7. Page 18
Meeting Date: 6/27/2023 / Packet Page #: 542
Professional Services – JMD (Principal Engineer) 16
that applicants are employed and that employees are treated during employment without regard to their race, color, creed, religion, sex, gender, sexual orientation, marital status, national origin, ancestry or other protected class.

8.4 Unauthorized Aliens.

Consultant hereby promises and agrees to comply with all of the provisions of the Federal Immigration and Nationality Act, 8 U.S.C. § 1101 et seq., as amended, and in connection therewith, shall not employ unauthorized aliens as defined therein. Should Consultant so employ such unauthorized aliens for the performance of work and/or services covered by this Agreement, and should any liability or sanctions be imposed against City for such use of unauthorized aliens, Consultant hereby agrees to and shall reimburse City for the cost of all such liabilities or sanctions imposed, together with any and all costs, including attorneys’ fees, incurred by City.

ARTICLE 9. MISCELLANEOUS PROVISIONS

9.1 Notices.

Any notice, demand, request, document, consent, approval, or communication either party desires or is required to give to the other party or any other person shall be in writing and either served personally or sent by prepaid, first-class mail, in the case of the City, to the City Manager and to the attention of the Contract Officer (with her/his name and City title), City of Glendora, 116 E. Foothill Blvd., Glendora, California 91741-3380, and in the case of the Consultant, to the person(s) at the address designated on the execution page of this Agreement. Either party may change its address by notifying the other party of the change of address in writing.

Notice shall be deemed communicated at the time personally delivered or in seventy-two (72) hours from the time of mailing if mailed as provided in this Section.

9.2 Interpretation.

The terms of this Agreement shall be construed in accordance with the meaning of the language used and shall not be construed for or against either party by reason of the authorship of this Agreement or any other rule of construction which might otherwise apply.

9.3 Counterparts.

This Agreement may be executed in counterparts, each of which shall be deemed to be an original, and such counterparts shall constitute one and the same instrument.

9.4 Integration; Amendment.

This Agreement including the attachments hereto is the entire, complete and exclusive expression of the understanding of the parties. It is understood that there are no oral agreements between the parties hereto affecting this Agreement and this Agreement supersedes and cancels any and all previous negotiations, arrangements, agreements and understandings, if any, between the parties, and none shall be used to interpret this Agreement. No amendment to or modification of this Agreement shall be valid unless made in writing and approved by the Consultant and by the City Council. The parties agree that this requirement for written modifications cannot be waived and that any attempted waiver shall be void.

DocuSign Envelope ID: F12A546B-91D3-4861-87B6-A607C96A89E6 Item #7. Page 19
Meeting Date: 6/27/2023 / Packet Page #: 543
Professional Services – JMD (Principal Engineer) 17

9.5 Severability.

In the event that any one or more of the phrases, sentences, clauses, paragraphs, or sections contained in this Agreement shall be declared invalid or unenforceable by a valid judgment or decree of a court of competent jurisdiction, such invalidity or unenforceability shall not affect any of the remaining phrases, sentences, clauses, paragraphs, or sections of this Agreement which are hereby declared as severable and shall be interpreted to carry out the intent of the parties hereunder unless the invalid provision is so material that its invalidity deprives either party of the basic benefit of their bargain or renders this Agreement meaningless.

9.6 Warranty & Representation of Non-Collusion.

No official, officer, or employee of City has any financial interest, direct or indirect, in this Agreement, nor shall any official, officer, or employee of City participate in any decision relating to this Agreement which may affect his/her financial interest or the financial interest of any corporation, partnership, or association in which (s)he is directly or indirectly interested, or in violation of any corporation, partnership, or association in which (s)he is directly or indirectly interested, or in violation of any State or municipal statute or regulation. The determination of “financial interest” shall be consistent with State law and shall not include interests found to be “remote” or “noninterests” pursuant to Government Code Sections 1091 or 1091.5. Consultant warrants and represents that it has not paid or given, and will not pay or give, to any third party including, but not limited to, any City official, officer, or employee, any money, consideration, or other thing of value as a result or consequence of obtaining or being awarded any agreement. Consultant further warrants and represents that (s)he/it has not engaged in any act(s), omission(s), or other conduct or collusion that would result in the payment of any money, consideration, or other thing of value to any third party including, but not limited to, any City official, officer, or employee, as a result of consequence of obtaining or being awarded any agreement.

Consultant is aware of and understands that any such act(s), omission(s) or other conduct resulting in such payment of money, consideration, or other thing of value will render this Agreement void and of no force or effect.

Consultant’s Authorized Initials ___________________
Juan M. Diaz, President/CEO
The persons executing this Agreement 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 Agreement on behalf of said party, (iii) by so executing this Agreement, such party is formally bound to the provisions of this Agreement, and (iv) that entering into this Agreement does not violate any provision of any other Agreement to which said party is bound. This Agreement shall be binding upon the heirs, executors, administrators, successors and assigns of the parties.
[SIGNATURES ON FOLLOWING PAGE]
DocuSign Envelope ID: F12A546B-91D3-4861-87B6-A607C96A89E6 Item #7. Page 20
Meeting Date: 6/27/2023 / Packet Page #: 544
Professional Services – JMD (Principal Engineer) 18
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:

JMDiaz, Inc.

Name: Juan M. Diaz
Title: President/CEO
Email Address: [email protected]
Address: 18645 E. Gale Avenue, Suite 212
Industry, CA 91748
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 UNLESS EXECUTED UTILIZING DOCUSIGN. IN ADDITION, THE

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: F12A546B-91D3-4861-87B6-A607C96A89E6 Jun 9, 2023 | 3:12 AM PDT
Item #7. Page 21
Meeting Date: 6/27/2023 / Packet Page #: 545
01240.0001/535308.1 A-1
EXHIBIT “A”

SCOPE OF SERVICES
I. The proposed scope of work supports the required duties of the Principal Civil Engineer – Land Development. Services are provided on a part time (15-20 hours per week) basis. • In coordination with City Staff, supervise and participate 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.
• Work with City departments and division staff to identify and prioritize needs; formulates cost estimates and develop implementation strategies. • Review and recommend approval of plans and specifications, designs, cost estimates, environmental documents, reports, and studies for land development related projects. • Monitor and evaluate the efficiency and effectiveness of service delivery methods and procedures.
• Assess and monitor workload, support system and internal reporting. • Identify opportunities for improvement and reviews with the Community Development Director and City Engineer. Prepares and evaluates requests for proposals. •Review plans of consulting/engineering firms performing work for the City and evaluates their performance.
• Provide technical assistance to other divisions and departments and City personnel.
• Assist with the development of the Land Development Division budget. • Time permitting, participate on a variety of boards and commissions; attend and participate in professional group meetings.
• Attend and make presentations to City Council, boards, committees and commissions.
• Assist City staff with handling difficult and sensitive inquiries and complaints, recommending and implementing corrective action, responding to public inquiries and complaints.
• Assist with the compilation and analyzing of statistical data used to prepare technical reports relating to land development projects and programs.

DocuSign Envelope ID: F12A546B-91D3-4861-87B6-A607C96A89E6 Item #7. Page 22
Meeting Date: 6/27/2023 / Packet Page #: 546
01240.0001/535308.1 A-2
• Assist with the supervision of land development staff; participate in the screening and selection of division staff; train and evaluate employees; initiates and carries out appropriate disciplinary actions.
• Coordinate review of traffic engineering reports with the City consultant traffic engineer.
• Assist with the preparation of reports required by federal, State and County agencies. • Coordinate land development projects with other City departments and divisions and outside agencies.
• Assist and participate in the selection of professional consultants to assist with the design and/or construction inspection of selected projects. • Review plans and designs. The following tasks would be by City staff or other consultants: the inspection of all phases of civil engineering land development construction projects; inspections of projects in the field as well as examination of plans and specifications in the field or office.
• Confer with applicants and contractors regarding land development projects. • Review and process plans for land development projects to ensure compliance with established contracts, City codes, and other applicable requirements. • Assist with the determination of and enforcement of applicable codes, regulations, and requirements for assigned projects.
• Review and process plans for subdivisions, lot line adjustments, lot mergers, and certificates of compliance; review and interpret easements. Coordinate with the Contract City Surveyor for the review and approval of final subdivision maps, legal descriptions and survey documents.
• Coordinate and provide oversight for geotechnical review processes. • 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.
• Oversee the activity of professional engineering consultants. • Assist with providing customer service and general assistance to land developers, architects, engineers, third party consultants, property owners, and the general public related to land development projects.

DocuSign Envelope ID: F12A546B-91D3-4861-87B6-A607C96A89E6 Item #7. Page 23
Meeting Date: 6/27/2023 / Packet Page #: 547
01240.0001/535308.1 A-3
• Assist with answering questions about City construction projects, permit issuance procedures, and land development activities. Assist and participate in the selection of professional consultants to assist with the design and/or construction inspection of selected projects.

II. In addition to the requirements of Section 6.2, during performance of the Services, Consultant will keep the City appraised of the status of performance by delivering the following status reports:
a. Check-in call/meeting every two-weeks with the Community Development Director III. All work product is subject to review and acceptance by the City, and must be revised by the Consultant without additional charge to the City until found satisfactory and accepted by City.

IV. Consultant will utilize the following personnel to accomplish the Services:
a. Algis J.Marciuska
b. Luis Castañeda
c. Deepak Solanki
d. Daniel Hosseini
e. Cole Pearce
f. Shawn Arianna
g. Jasmine Felix
DocuSign Envelope ID: F12A546B-91D3-4861-87B6-A607C96A89E6 Item #7. Page 24
Meeting Date: 6/27/2023 / Packet Page #: 548
01240.0001/535308.1 B-1
EXHIBIT “B”

SPECIAL REQUIREMENTS
(Superseding Contract Boilerplate)
Added text is indicated in bold italics, deleted text is indicated in strikethrough. [THIS PAGE INTENTIONALLY LEFT BLANK]
DocuSign Envelope ID: F12A546B-91D3-4861-87B6-A607C96A89E6 Item #7. Page 25
Meeting Date: 6/27/2023 / Packet Page #: 549
01240.0001/535308.1 C-1
EXHIBIT “C”

SCHEDULE OF COMPENSATION
I. Consultant shall perform the following tasks at the following rates.

STAFF HOURLY RATE
A. Algis Marciuska $201
B. Shawn Arianna $250
C. Deepak Solanki $121
D. Luis Castañeda $155
E. Daniel Hosseini $58
F. Cole Pearce $70
G. Jasmine Felix $72
III. Within the budgeted amounts for each Task, and with the approval of the Contract Officer, funds may be shifted from one Task subbudget to another so long as the Contract Sum is not exceeded per Section 2.1, unless Additional Services are approved per Section 1.9.

IV. The City will compensate Consultant for the Services performed upon submission of a valid invoice. Each invoice is to include:

A. Line items for all personnel describing the work performed, the number of hours worked, and the hourly rate.

B. Line items for all materials and equipment properly charged to the Services.

C. Line items for all other approved reimbursable expenses claimed, with supporting documentation.

D. Line items for all approved subcontractor labor, supplies, equipment, materials, and travel properly charged to the Services.

V. The total compensation for the Services shall not exceed the Contract Sum as provided in Section 2.1 of this Agreement.

DocuSign Envelope ID: F12A546B-91D3-4861-87B6-A607C96A89E6 Item #7. Page 26
Meeting Date: 6/27/2023 / Packet Page #: 550
01240.0001/535308.1 D-1
EXHIBIT “D”

SCHEDULE OF PERFORMANCE
I. Consultant shall perform all services timely in accordance with the following schedule:

Duties required of the Principal Civil Engineer – Land Development, as described in the Scope of Service (EXHIBIT A).

III. The Contract Officer may approve extensions for performance of the services in accordance with Section 3.2.

DocuSign Envelope ID: F12A546B-91D3-4861-87B6-A607C96A89E6 Item #7. Page 27
Meeting Date: 6/27/2023 / Packet Page #: 551