Agenda packet — Glendora City Council, November 28, 2023

CITY OF GLENDORA

CITY COUNCIL SPECIAL MEETING
AGENDA
TUESDAY, NOVEMBER 28, 2023
CITY HALL COUNCIL CHAMBER, 116 E. FOOTHILL BOULEVARD, GLENDORA To participate virtually, download zoom on any phone or computer device and use the following meeting ID:
cityofglendora.org/zoom or https://zoom.us/j/9329247224

MAYOR/CHAIR
Gary Boyer, District 3

MAYOR PRO TEM/VICE-CHAIR
Mendell Thompson, District 5

COUNCIL/COMMISSIONERS
Michael Allawos, District 1
Karen Davis, District 4
David Fredendall, District 2

MEETING SCHEDULE
The regular meetings of the city council shall be held on the second and fourth Tuesday of each month, closed session business will commence at 6:00 p.m., when scheduled, and general business session will commence at 7:00 p.m.

BROWN ACT
Agendas are drafted to accurately state what the legislative body is being asked to consider. The legislative body can take action on “all items” listed on the agenda and be in compliance with the open meeting laws.

Pursuant to provisions of the Brown Act, no action may be taken on a matter unless it is listed on the agenda, or unless certain emergency or special circumstances exist. The governing body may direct staff to investigate and/or schedule certain matters for consideration at a future meeting.

COMMUNICATION AND ELECTRONIC DEVICES
To minimize distractions, please be sure all personal communication and electronic devices are turned off or on silent mode.

LIVE BROADCASTING AND REBROADCASTING
Regular City Council meetings are broadcast live every 2nd and 4th Tuesday of the month on City Website www.cityofglendora.org, Channel 3 (Cable) & Channel 31 (Verizon) and are replayed Thursday - Sunday the week following the meeting on Channel 3 (Cable) & Channel 31 (Verizon). All broadcasts can be viewed on Cox Communications Local Access Channel 3 and Verizon/Fios Channel 31.

City Council meetings are also available via live webcast and at any time for replaying through the City's webpage at
cityofglendora.org/citymeetings.

Meeting Date: 11/28/2023 / Packet Page #: 1

CITY OF GLENDORA

NOTICE AND CALL
OF A

CITY COUNCIL SPECIAL MEETING
TUESDAY, NOVEMBER 28, 2023
CITY HALL COUNCIL CHAMBER, 116 E. FOOTHILL BOULEVARD, GLENDORA 5:00 PM CLOSED SESSION
7:00 PM GENERAL BUSINESS SESSION

TO THE MEMBERS OF THE CITY COUNCIL OF THE CITY OF GLENDORA AND TO THE CITY CLERK:

NOTICE IS HEREBY GIVEN that the City Council will conduct a Special Meeting at 5:00 PM on Tuesday, November 28, 2023, City Hall Council Chamber, 116 E. Foothill Boulevard, Glendora.

Closed Session business will commence at 5:00 PM, and General Business Session will commence at 7:00 PM.

NOTICE IS FURTHER GIVEN that to participate virtually, download Zoom on any phone or computer device and use the following meeting ID: cityofglendora.org/zoom or https://zoom.us/j/9329247224
The purpose of said special meeting is as follows:

CALL TO ORDER

ROLL CALL

CLOSED SESSION
The regular meetings of the city council shall be held on the second and fourth Tuesday of each month, closed session business will commence at 6:00 p.m., when scheduled, and general business session will commence at 7:00 p.m. Closed Session discussions authorized by state law and allow the legislative body to consider/hear any matter which it is authorized by state law to hear or consider in closed session.

1. PUBLIC EMPLOYEE PERFORMANCE EVALUATION A closed session will be held, pursuant to Government Code §54957 to conduct an employee performance evaluation for the position of City Manager

2. CONFERENCE WITH LABOR NEGOTIATOR A closed session will be held, pursuant to Government Code §54957.6 with the Mayor and Mayor Pro Tem as the city negotiators, regarding labor negotiations with unrepresented employee – City Manager

3. CONFERENCE WITH REAL PROPERTY NEGOTIATORS A closed session will be held pursuant to Government Code §54956.8, enable the City Council of the City of Glendora, property owner, to receive information from negotiator(s) Adam Raymond, William W.

Wynder, Moises Lopez, Jeff Kugel, and Valerie Velasquez regarding certain real properties APN 8655-007-900, APN 8655-007-901, APN 8655-007-902 and APN 8655-01-900. The City’s real property negotiator will seek direction from the City Council regarding the disposition of the property
Meeting Date: 11/28/2023 / Packet Page #: 2

4. CONFERENCE WITH LEGAL COUNSEL – EXISTING LITIGATION A closed session will be held, pursuant to Government Code §54956.9 (d)(1) to confer with legal counsel regarding pending litigation to which the City is a party. The title of such litigation is as follows: Olivares, et al. v. City of Glendora, et; Case Number: 23PSCV03141

PLEDGE OF ALLEGIANCE

PUBLIC COMMENT
Three (3) Minute speaking time limit, speaking once, unless upon motion, such time is extended by the legislative body.

Any person may request to address a legislative body during a public meeting. Speakers are limited to three (3) minutes, speaking once, on both on- and off- agenda items, unless, upon motion, such time is extended by the legislative body. Such statements shall only be allowed during the Public Comment portion of the agenda. If there are any public hearings scheduled, individuals will be given an additional opportunity to comment under said items. Speakers are not permitted to yield their time to another speaker. Public comment is limited to 30 minutes at each meeting, with the ability to extend if the legislative body so chooses by majority vote.

To ensure that the public is able to participate, the City may provide a variety of ways in which the public can submit their comment: in person, virtually, email, phone call, mail and any other method which may become available. Methods of participation may be subject to change during other such times when a State of Emergency, Health Order or State Executive Order limits in-person participation.

5. Public Comments Received

PUBLIC HEARINGS

6. Public Hearing to consider Ordinance Amending Sections 14.20.010 through 14.20.180 to Chapter 14.20 “Rates and Charges” of Title 14 “Water” of the Glendora Municipal Code and a Resolution Establishing Water Rates and Charges
CITY RECOMMENDATION: Conduct a Public Hearing, in compliance with Proposition 218, to accept comments on the proposed water rates and charges.

1. Direct the City Clerk to tabulate the results of the protests received from property owners and announce the findings; 2. Adopt a City Council Resolution establishing water rates and charges effective January 2024 and four years of phased Consumer Price Index (CPI) increases thereto and amending the Master Schedule of Fees to include the approved water rates and charges; 3. Determine this action is exempt from the California Environmental Quality Act (CEQA) pursuant to Sections 15060(c)(2) and 15060(c)(3) of the CEQA Guidelines; and 4. First reading and Introduction of an Ordinance of the City Council amending sections 14.20.010 through 14.20.180 to Chapter 14.20 “Rates and Charges,” of Title 14 “Water,” of the Glendora Municipal Code.

CONSENT CALENDAR
Items on the Consent Calendar will be enacted by one motion without individual discussion. There will be no separate discussion of these items unless a member of the governing body requests specific item(s) be removed from the Consent Calendar for separate action. Items removed from the Consent Calendar will be considered after the Consent Calendar is approved. Anyone wishing to address a Consent Calendar item should do so during the Public Comment Period.

7. Affirm Minutes from November 14, 2023 Regular Meeting CITY/AGENCY/AUTHORITY RECOMMENDATION: 1. Affirm minutes as presented.

8. City of Glendora and Glendora Successor Agency Investment Report for October 2023 CITY/AUTHORITY RECOMMENDATION: 1. Receive and file the Monthly Investment Activity Report for October 2023.

Meeting Date: 11/28/2023 / Packet Page #: 3

NEW BUSINESS

9. Approve a Professional Services Agreement with SDI Presence for Citywide Information Technology Services for a Three-Year Term Commencing at an Initial Cost of $508,860 for Year One with a Subsequent 3% Annual Increase Not to Exceed $1,600,000 for the Term of the Agreement
CITY RECOMMENDATION: 1. Approve a Professional Services Agreement with SDI Presence for City-Wide information technology services for a three-year term commencing at an initial cost of $508,860 for year one with subsequent 3% annual increase not to exceed $1,600,000 for the term of the agreement; and 2. Authorize the City Manager or his designee to execute the agreement with SDI Presence including minimal and/or nonsubstantive changes.

ADJOURNMENT
NOTICE IS FURTHER GIVEN that the public will be given the opportunity to speak only on those matters listed in this notice. Public Comment will be announced once at the commencement of this special meeting and can be given in-person, submit via email at [email protected] with the subject “Public Comment” or via mail and mailed to 116 E. Foothill Boulevard, Glendora, ATTN: City Clerk’s Department-Public Comment.

NO OTHER BUSINESS WILL BE DISCUSSED
Kathleen R. Sessman, MMC
City Clerk/Communications Director
I, certify that I caused the Notice and Call of a Special Meeting of the City Council Special Meeting to be held Tuesday, November 28, 2023, at 5:00 PM, in the City Hall Council Chamber, 116 E.

Foothill Boulevard, Glendora, Glendora, to be delivered electronically or hardcopy to each member of the City Council, emailed to the San Gabriel Valley Examiner, and that I posted said notice on the posting board as required by law.

Certification Date: November 21, 2023
Revised: (when applicable) Kathleen R. Sessman, MMC
City Clerk/Communications Director
Meeting Date: 11/28/2023 / Packet Page #: 4

STAFF REPORT
TO: MAYOR AND COUNCIL MEMBERS DATE: NOVEMBER 28, 2023
FROM: CITY MANAGER DISTRICT(S): CITYWIDE
SUBJECT: PUBLIC HEARING TO CONSIDER ORDINANCE AMENDING SECTIONS 14.20.010 THROUGH 14.20.180 TO CHAPTER 14.20 “RATES AND CHARGES” OF TITLE 14 “WATER” OF THE GLENDORA MUNICIPAL CODE AND A RESOLUTIONESTABLISHING

WATER RATES AND CHARGES

RECOMMENDATION
That the City Council:

Conduct a Public Hearing, in compliance with Proposition 218, to accept comments on the proposed water rates and charges.

1. Direct the City Clerk to tabulate the results of the protests received from property owners and announce the findings.

2. Adopt a City Council Resolution establishing water rates and charges effective January 2024 and four years of phased Consumer Price Index (CPI) increases thereto and amending the Master Schedule of Fees to include the approved water rates and charges.

3. Determine this action is exempt from the California Environmental Quality Act (CEQA) pursuant to Sections 15060(c)(2) and 15060(c)(3) of the CEQA Guidelines.

4. First reading and Introduction of an Ordinance of the City Council amending sections 14.20.010 through 14.20.180 to Chapter 14.20 “Rates and Charges,” of Title 14 “Water,” of the Glendora Municipal Code.

STRATEGIC FOCUS AREAS
 Goal 2: Maintain Financial Stability and Sustainability (MFSS)  Goal 5: Improve and Maintain the City’s Infrastructure and Facilities (IMCIF)

EXECUTIVE SUMMARY
Over the past year, the City has been conducting a water utility infrastructure assessment to identify and prioritize the maintenance and repairs of water utility pipelines and facilities. Based on the information gathered, it has been determined that the City’s water system needs nearly $350 million in repairs and replacements. In order to fund these projects and ongoing operations, a rate study was completed to establish a fair and equitable distribution of costs to the consumers. The findings of these studies have been presented to both the Water Commission and the City Council for consideration. The proposed water rates will provide the funding necessary for day-to-day operations and capital improvements for the long term sustainability of the City’s water system.

LEGISLATIVE HISTORY / PREVIOUS ACTIONS
 On September 12, 2023 the City Council and Water Commission held a joint meeting where the 2023 Water Master Plan was adopted and direction was provided to proceed with the Proposition 218 process to adopt and implement new water rates.
 On October 10, 2023 - Conducted Glendora Unified School District Educational Outreach Meeting Item #6. Page 1
Meeting Date: 11/28/2023 / Packet Page #: 5
Staff Report Page 2 of 7
 On October 12, 2023 - Mailed out Proposition 218 Notices o City Website available: www.cityofglendora.org/waterrates o Water Rates Calculator available: estimates change in bill to customers.  On October 16, 2023 - Conducted Coordinating Council Educational Outreach Meeting  On October 17, 2023 - Conducted Community Workshop 1
o 1 Community Attendee
 On October 18, 2023 - Conducted Chamber of Commerce Educational Outreach Meeting o Approximately 25 Business Attendees
 On October 19, 2023 - Conducted Glendora Country Club Educational Outreach Meeting  On October 26, 2023 - Water Commission Board Meeting, Public Hearing  On November 1, 2023 - Conduct Community Workshop 2
o 0 Community Attendees

DISCUSSION
The City of Glendora (City) owns and operates a potable water system serving an area of approximately 11 square miles and provides water service to a population of about 45,550. The primary source of supply is local groundwater from the Upper San Gabriel Canyon Sub-basin and the Glendora Sub-basin of the Main San Gabriel Basin (Main Basin). The supply is supplemented with imported water from Three Valleys Municipal Water District.

The City’s existing potable water system consists of the following:
 Seventeen (17) hydraulic pressure zones (12 open, 3 on hydropneumatic systems, and two closed)  Approximately 210 miles of pipeline, 1-inch to 30-inch  Eight (8) Active Groundwater Wells
 29 Storage Reservoirs
 20 Pump Stations (45 pumps)
 Three (3) Hydropneumatic Systems
 Three (3) Pressure Regulating Stations
 1,760 Fire Hydrants
 13,500 customer meters
Water Master Plan
In April 2023, the Water Master Plan was finalized by AKM Consulting Engineers and on September 12, 2023, the City Council and Water Commission held a joint meeting adopting the 2023 Water Master Plan.

The document is a comprehensive planning guide for improving and upgrading the City’s existing water system. In doing so, it identifies and prioritizes $350 Million in Capital Improvement Projects. Vertical Facility Assessments were conducted as part of the master plan effort to evaluate the condition and to develop recommendations for each well, pump station, and storage reservoir. As-built plans, maintenance records, pump curves and efficiency tests, reservoir dive reports, and other available historical information were reviewed as part of the assessments. City staff members were interviewed by and accompanied AKM staff on tours of each facility. The Vertical Facility Assessments resulted in the recommendation of improvement projects with a total estimated cost of $158M. The Water Master Plan effort also included the development of a Pipe Replacement Program. Pipe improvement projects were developed based on a comprehensive risk assessment, discussion with operation and maintenance staff, review of main break data, and review of pipes that provide service to facilities where water service is essential (hospitals, fire facilities, dialysis centers etc). The risk assessment included the use of artificial intelligence and machine learning (AI-ML) technology to develop the Likelihood of Failure (LoF) and the evaluation of the Consequence of Failure (CoF). The Pipe Replacement Program included Item #6. Page 2
Meeting Date: 11/28/2023 / Packet Page #: 6
Staff Report Page 3 of 7
recommendations for pipe replacement projects with a total estimated cost of $183M. Hydraulic Analyses were conducted to assess the water system’s ability to meet average day, maximum day, peak hour, and maximum day plus fire flow demands. A hydraulic model was developed and calibrated to field conditions. The model was utilized to identify system hydraulic deficiencies. The adopted plan includes improvements based on the hydraulic analyses included projects with a total estimated cost of $9M.

Water Rate Study
The proposed water rate was developed to ensure the City is able to deliver clean, safe, and reliable water on demand. The proposed rate structure is designed to be fair and equitable while also encouraging water conservation. The water rates are an investment back into the system to make critical upgrades and repairs to the water infrastructure as identified in the Water Master Plan. Fund Analysis, although the City has made many efforts to improve operations by leveraging technology to make certain operations more efficient, the cost of doing business has increased significantly. The Consumer Price Index (CPI) increased 5.9% in January 2021 and 7.2% for January 2022, for a combined inflation rate of approximately 13% just in the last two years. The last rate study was conducted in 2016 and was implemented between January 2017 through January 2022. However, rates have not increased since January 2021. Bids for capital improvement projects are coming in over budget by 5%-10%. The shortage of materials and the demand for labor has had a major impact on the cost of infrastructure improvements. On top of the cost of doing business, scarce supplies and the cost of water over the last two years from Metropolitan Water District has increased 11% for Tier 1 treated water and 24% for Tier 2 treated water. The following table is the adopted FY 2024 Operating Budget for the Water Fund:

Adopted FY 2024 Budget

REVENUES
Water Charges $ 19,115,500
Purchased Water 2,030,000
Energy 1,700,000
Misc Revenue Interest 589,375
Total Revenues $ 23,434,875

EXPENDITURES
Production $ 4,102,519
Transmission & Distribution 2,911,479
Customer Service 1,307,261
Administration 2,327,399
Support 3,505,197
Conservation 1,120,432
Replenishment/Import Water 3,648,950
Energy 1,700,000
Debt Service 2,584,222
Capital Improvement Projects* 7,674,311
Total Expenditures $ 30,881,770
Gain/(Loss)* $ (7,446,895)*
*The FY 2024 Budget was adopted with the planned one-time use of reserves for critical water infrastructure capital improvement projects (primarily for the North Glendora Reservoir Replacement, $6.7 million). However, this level of ongoing investment in water infrastructure is necessary in the coming years and an integral part of the considerations included in the proposed water rates. Current significant ongoing projects from prior years include ongoing conservation projects and water main improvements along the following streets and roads Bender, Carter, Santa Fe, Newburgh, Bennett, Washington, Westridge, Bender, Cumberland, Palomar, Lone Hill, Country Club, Country Club Vista, and Mauna Loa.

Item #6. Page 3
Meeting Date: 11/28/2023 / Packet Page #: 7
Staff Report Page 4 of 7
Additionally, historical data from Fiscal Year 2020-2021 was reviewed when developing the expenditures for this study. Projections were made with the best available planning data. The future expenditures were developed from the utility agencies (Three Valleys Municipal Water District, Main San Gabriel Valley Watermaster, Southern California Edison, Azusa Light and Water) projections and the consumer price index (CPI). The expenditures include the following:
 Groundwater: The City’s eight (8) wells extract groundwater from the Main Basin. The Main San Gabriel Valley Watermaster manages the Operating Safe Yield (OSY) that regulates the allowable groundwater extractions. The City’s groundwater supply was based on 6,408 AFY (4.75% of OSY).  Imported Water: The City can supplement the groundwater supply with imported water from Three Valleys Municipal Water District (TVMWD) and/or Covina Irrigating Company. The imported water supply was based on 1,916 AFY from TVMWD.
 Energy Supply: Southern California Edison (SCE) and Azusa Light and Water provide power to the booster pump stations and wells.
 Debt Service: The City’s existing water fund debt service includes the 2012 Series A CSCDA Revenue Bonds, 2016 Series A Water Revenue Bond, and 2019 Pension Obligation Series A Bond. The proposed rate structure also includes the issuance of a new bond totaling $15M, which will fund part of the future CIP.
 Historical Water Fund Expenditures: The remaining water expenditures were based on historical Water Fund expenditures and include: Water Administration, Water Customer Service, Support, Transmission and Distribution, Production, and Water Conservation.
 Capital Improvement Program: The rate structure is based on $30M of improvement projects being implemented over the next five years. The improvement project cost estimates are based on 2023 projections and were increased by the CPI for the next five years. $15M of the projects are planned to be funded through future bond issuance, and $15M are planned to be funded through revenue generated from the consumption charges.

Proposed Rate Structure
The updated revenue model was used to project revenues using various rate structures. The scenarios evaluated included: various consumption tiers, various CIP project implementation schedules, elevation charges for operation and maintenance expenses for customers in hydraulic zones at higher elevations; and different rates for customers with very high-water consumption. The proposed bi-monthly rate structure was developed to be fair and equitable and to encourage water conservation. The proposed rate structure includes the following:

Meter Connection Charge is a fixed charge based on the equivalent residential units (ERUs). ERUs represent the average water usage by a single-family residential dwelling unit (customers with 5/8-inch and 3/4-inch meters). Customers with larger meter sizes were assigned ERUs reflecting the ratio of the average water usage by meter size to that of average usage for customers with 5/8-inch and 3/4-inch meters. The revenue generated for the meter connection charge was developed to fund the fixed expenditures, existing and future debt service (covering 50% of the capital improvement projects), and 50% of the operation and maintenance related expenditures (salaries, benefits, customer service, tools equipment, etc.).

The proposed bi-monthly Meter Connection Charges are summarized in Table 1.

Item #6. Page 4
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Staff Report Page 5 of 7
Table 1: Bi-Monthly Meter Connection Charge
Meter Size Current Rate
Proposed
2024
5/8 & 3/4 inch $88.57 $85.38
1 inch $115.14 $134.23

1.5 inch $191.20 $257.07
2 inch $274.57 $413.67
3 inch $407.43 $984.31
4 inch $620.04 $984.31
6 inch $1,080.63 $2,160.61
8 inch $1,523.49 $2,160.61
Consumption Rates are based on the amount of water used and the cost of energy to pump water to higher elevations. The proposed rate structure includes four (4) consumption tiers to promote water conservation. The estimated revenue will fund the expenditures for groundwater, purchased water, production, water conservation, and 50% of the capital improvement projects. The consumption thresholds between each tier were based on the SB1668 indoor water use goal, minimum month consumption by meter size, and the existing rate structure’s Baseline Allocation Threshold Units. The proposed consumption thresholds are summarized in Table 2.

Elevation Rates are broken up by four (4) zone classes, which were established as part of this study to assign the costs fairly and equitably. Each Zone consists of the following hydraulic zones:
 Zone A: 1, 1RB, 1RA
 Zone B: 2, 1A, 1B
 Zone C: 3, 1BH1, 2H1, 2H2
 Zone D: 3A, 3B, 3C, 3C1, 3D, 4, 4A
The energy expenditures that are required to pump water to the higher zone classes and 50% of the operation and maintenance expenditures are expected to be funded through the elevation rates. The development of the elevation rates included the evaluation of historical energy expenditures by zone class, operation and maintenance expenditures, and consumption data by zone class.

The cost per CCF for water and energy is summarized in Table 3.

Table 2: Bi-Monthly Consumption Tiers (CCF)

CURRENT PROPOSED
Meter Size Tier 1 Tier 2 Tier 1 Tier 2 Tier 3 Tier 4
5/8 inch 0-38 >38 0-12 13-38 39-76 >76
3/4 inch 0-38 >38 0-12 13-38 39-76 >76
1 inch 0-67 >67 0-18 19-67 68-134 >134

1.5 inch 0-134 >134 0-42 43-134 135-268 >268
2 inch 0-220 >220 0-64 65-220 221-440 >440
3 inch 0-838 >838 0-181 182-419 420-838 >838
4 inch 0-1,316 >1,316 0-181 182-658 659-1,316 >1,316
6 inch 0-4,682 >4,682 0-328 329-2,341 2,342-4,682 >4,682 8 inch 0-4,682 >4,682 0-328 329-2,341 2,342-4,682 >4,682 Item #6. Page 5
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Staff Report Page 6 of 7
Table 3: Consumption Rates for Water & Elevation (CCF)

CURRENT PROPOSED
Zone Tier 1 Tier 2 Elevation Tier 1 Tier 2 Tier 3 Tier 4 Elevation A $2.98 $4.90 $0.24 $1.75 $2.68 $3.61 $4.54 $0.22
B - - $0.36 - - - - $1.02
C - - $0.58 - - - - $2.06
D - - $1.41 - - - - $3.41
Table 4 below provides for the total cost per unit of water used in each zone. The amount per unit of water used is calculated by adding the water cost and the elevation cost as provided in the tables above.

Table 4: Total Consumption Rates for 5/8 & 3/4 inch meter (Tier + Elevation)

CURRENT PROPOSED
Zone Tier 1 (0-38) Tier 2 (39+) Tier 1 (0-12) Tier 2 (13-38) Tier 3 (39-76) Tier 4 (77+) A $3.22 $5.14 $1.97 $2.90 $3.83 $4.76
B $3.34 $5.26 $2.77 $3.70 $4.63 $5.56
C $3.56 $5.48 $3.81 $4.74 $5.67 $6.60
D $4.39 $6.31 $5.16 $6.09 $7.02 $7.95
Water bills are calculated by adding the Meter Charge and calculating the amount of water used based on the cost per unit. For example, the bill for a single-family residence located in Zone A with a 3/4 inch meter who used 45 units of water over two months, would be calculated at the proposed rate as follows:

Meter
Charge
Zone A
Tier 1 (0-12)
Zone A
Tier 2 (13-38)
Zone A
Tier 3 (39-45)
Total
Bi-Monthly Bill
$85.38 + (12*$1.97) + (26*$2.90) + (7*$3.83) = $211.23
Amending the Ordinance will allow for adjustments to the rates and charges by resolution. All rates identified were included in the resolution with no changes at this time. However, the miscelleanous charges will be reviewed and adjusted as necessary as part of the budget review process and based on the actual cost to provide the service.

FISCAL IMPACT
Staff conducted a rate study to determine the appropriate rates to fund and sustain the operations, maintenance and capital improvements to the City’s water system.

ENVIRONMENTAL DETERMINATION
This action is not subject to the California Environmental Quality Act (CEQA) pursuant to Sections 15060(c)(2) – the activity will not result in a direct or reasonably foreseeable indirect physical change in the environment, and 15060(c)(3) – the activity is not a project as defined in Section 15378 of the CEQA Guidelines, California Code of Regulations, Title 14, Division 6, Chapter 3, because it has no potential for resulting in physical change to the environment, directly or indirectly.

Prepared By Marie Ricci, Deputy City Manager
Concurs With Richard Hansen, Water Commission
Reviewed By Marie Ricci, Deputy City Manager
Certified to Availability of Funds Kyle Johnson, Finance Director/City Treasurer Approved By Adam Raymond, City Manager
Legal Review William W. Wynder, City Attorney
CEQA Review Not Applicable
Item #6. Page 6
Meeting Date: 11/28/2023 / Packet Page #: 10
Staff Report Page 7 of 7
ATTACHMENTS:

A. Chapter 14.20 Rates and Charges (Redline) (Attachment A of Ordinance) B. Ordinance
C. Resolution Establishing Rates
D. Presentation
Item #6. Page 7
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Chapter 14.20 RATES AND CHARGES
(All Content Displayed)
 14.20.010 Establishment of rates and charges.
 14.20.020 Adjustment of charges.
 14.20.030 Delinquency—Cutting off service.
 14.20.040 Reimbursement contracts with subdividers.
 14.20.050 Refund and reimbursement contracts with nonsubdividing developers.  14.20.060 Conditions concerning refunds on reimbursement contracts.  14.20.070 Readiness to serve charge.
 14.20.080 Quantity rates for water used.
 14.20.085 Automatic rate adjustments.
 14.20.090 Miscellaneous rates.
 14.20.130 Fire service readiness to serve charge.
 14.20.140 Deposits.
 14.20.150 Extension service fee—Service acreage fee.
 14.20.160 Connection charge.
 14.20.170 Installing mains.
 14.20.180 Reconnect fee.

14.20.010 Establishment of rates and charges.

The fees, rates, and charges for water services provided by the water division shall be established pursuant to ordinance resolution by the city council. (Ord. 1784 § 11, 2003)

14.20.020 Adjustment of charges.

The city manager or designee shall have the authority to make adjustments to water bills if he or she deems an adjustment is appropriate. He or she shall make a thorough investigation of any complaints of unusually high bills and the circumstances therefor, make the adjustment, if appropriate, and notify the customer and the collector. (Ord. 2049 § 4, 2020; Ord. 2048 § 4, 2020; Ord. 1536 § 12, 1989)

14.20.030 Delinquency—Cutting off service.

Item #6. Page 8
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All accounts which have not been paid by the close of business on the sixtieth day following date of the bill are subject to disconnection. A penalty shall be added to the bill equal to ten percent of the bill. The director of public works may cut off the water from all such delinquent services if not paid within sixty days of date of the bill, and the same shall not be connected until all charges as provided in this chapter have been paid to the city. (Ord. 2049 § 5, 2020; Ord. 2048 § 5, 2020; Ord. 1536 § 12, 1989)

14.20.040 Reimbursement contracts with subdividers.

The city council may, by ordinance, require that improvements installed by the subdivider for the benefit of the subdivision contain supplemental size, capacity, number, or length for the benefit of property not within the subdivision, and that those improvements be dedicated to the public. Upon the installation of the supplemental improvements, the city shall enter into an agreement with the subdivider to reimburse the subdivider for the cost, including interest, of constructing the supplemental improvements. (Ord. 1536 § 12, 1989)

14.20.050 Refund and reimbursement contracts with
nonsubdividing developers.

In the event it is necessary for a private party or developer other than a subdivider to construct a water line of greater size than required to serve the development in order to serve other areas of the city’s water distribution system, or it is necessary to install a water line which will provide direct benefit to adjacent undeveloped property, the cost thereof shall be advanced by the developer and the city at its option and upon written request may enter into an agreement to refund, based on benefit, the additional cost or differential in cost so advanced by him or her, without interest, but in no case shall the total refund exceed the amount so advanced. (Ord. 1536 § 12, 1989)

14.20.060 Conditions concerning refunds on reimbursement contracts.
(a) Refunds shall not be made on any mains eight inches in diameter or smaller.

Item #6. Page 9
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(b) Refunds shall not exceed one-third of the gross revenue from water sold to consumers supplied within the subdivision or development during the life of the agreement.
(c) Refunds shall not be made after the expiration of ten years from the date of the agreement or contract.
(d) Refunds shall be made from a special water fund provided therefor and shall not constitute a claim on the general funds of the city. (e) Undeveloped property benefit fees shall first be collected by the city at time of development from benefited property and then refunded in the manner and at the rate specified in the reimbursement contract. (Ord. 1536 § 12, 1989)

14.20.070 Readiness to serveMeter connection charge.

Effective January 1, 2017, and subject to adjustment as set forth in Section 14.20.085, the bimonthly base charge for each metered connection within the city of Glendora’s service boundaries shall be as follows:

Meter Size Bimonthly Base Charge
< 1 inch $ 79.29
1 inch 103.08
1-1/2-inch 171.17
2-inch 245.81
3-inch 364.75
4-inch 555.09
6-inch 967.44
8-inch 1,363.91
(Ord. 2010 § 4, 2016)
Repealed

14.20.080 Quantity rates for water used.

Item #6. Page 10
Meeting Date: 11/28/2023 / Packet Page #: 14
(a) In addition to the bimonthly base charge established by Section 14.20.070 of this code, each customer shall pay a charge, calculated as set forth in this section, for each unit of one hundred cubic feet of water consumed at his or her connection during a bimonthly billing period.
(b) Each water connection is assigned a “baseline” consumption allowance, in units of one hundred cubic feet of water, based upon the size of the water meter for that connection. The baseline allocations shall be as follows:

Meter Size Bi-Monthly Baseline Allocation, Units
< 1 inch 38
1 inch 67
1-1/2-inch 134
2-inch 220
3-inch 838
4-inch 1,316
6-inch 4,682
8-inch 4,682
Each unit of water consumed at a connection during a bi-monthly billing period, other than a unit in excess of the baseline allocation for that connection, shall be deemed a “Tier 1 Unit.” Each unit in excess of the baseline allocation shall be deemed a “Tier 2 Unit.”
(c) The rate for each Tier 1 unit consumed shall be the sum of the “energy component rate,” and the “other costs component (T1) rate” set forth in this section.

The rate for each Tier 2 unit consumed shall be the sum of the “purchased water component rate,” the “energy component rate,” and the “other costs component (T2) rate” set forth in this section.
(d) Beginning January 1, 2017, and subject to adjustment as set forth in Section 14.20.085, the “purchased water component rate” shall be one dollar ninetyone cents per unit of water consumed. (e) Beginning January 1, 2017, and subject to adjustment as set forth in Section 14.20.085, the “energy component rate” shall be twenty-three cents per unit of Item #6. Page 11
Meeting Date: 11/28/2023 / Packet Page #: 15
water consumed at a connection located in pressure zone 1, thirty-five cents per unit of water consumed at a connection located in pressure zone 2, fifty-six cents per unit of water consumed at a connection located in pressure zone 3, and one dollar thirtysix cents per unit of water consumed at a connection located in any other pressure zone. The pressure zone in which a connection is located shall be determined by reference to the 2012 Water Master Plan, which is on file in the office of the city clerk and available for public inspection.
(f) Beginning January 1, 2017, the “other costs component (T1) rate” shall be one dollar ninety cents per unit of water consumed.

Beginning January 1, 2018, and subject to adjustment as set forth in Section 14.20.085, the “other costs component (T1) rate” shall be two dollars seven cents per unit of water consumed.

Beginning January 1, 2019, and subject to adjustment as set forth in Section 14.20.085, the “other costs component (T1) rate” shall be two dollars twentysix cents per unit of water consumed.

Beginning January 1, 2020, and subject to adjustment as set forth in Section 14.20.085, the “other costs component (T1) rate” shall be two dollars forty-six cents per unit of water consumed.

Beginning January 1, 2021, and subject to adjustment as set forth in Section 14.20.085, the “other costs component (T1) rate” shall be two dollars sixtyseven cents per unit of water consumed. (g) Beginning January 1, 2017, “other costs component (T2) rate” shall be one dollar sixty-seven cents per unit of water consumed.

Beginning January 1, 2018, and subject to adjustment as set forth in Section 14.20.085, the “other costs component (T2) rate” shall be one dollar eightythree cents per unit of water consumed.

Beginning January 1, 2019, and subject to adjustment as set forth in Section 14.20.085, the “other costs component (T2) rate” shall be two dollars per unit of water consumed.

Beginning January 1, 2020, and subject to adjustment as set forth in Section 14.20.085, the “other costs component (T2) rate” shall be two dollars nineteen cents per unit of water consumed.

Item #6. Page 12
Meeting Date: 11/28/2023 / Packet Page #: 16
Beginning January 1, 2021, and subject to adjustment as set forth in Section 14.20.085, the “other costs component (T2) rate” shall be two dollars forty cents per unit of water consumed. (Ord. 2010 § 6, 2016) Repealed

14.20.085 Automatic rate adjustments.
(a) No later than December 1st of each year, beginning in 2017, the director of public works shall file with the city clerk a schedule of revised rates, calculated pursuant to this section, to be effective on the first billing cycle of the following year.

At least thirty days prior to implementing revised rates, the director of public works shall notify all customers regarding the rate revisions. (b) Unless the city council takes action, by ordinance or resolution, to cause such revised rates to not become effective, the revised rates shall take effect automatically, and shall be deemed to have been approved and imposed by the city council pursuant to the ordinance codified in this section.
(c) The purchased water component rate, imposed pursuant to Section 14.20.080(d) of this chapter shall be calculated by adjusting that rate (including any previous adjustments made pursuant to this section) by the percentage change between the previous year and the year for which the rate is being calculated, of the cost of water if purchased by the city from Three Valley’s Municipal Water District at the District’s published rates applicable to the city.
(d) Each energy component rate imposed pursuant to Section 14.20.080(e) of this chapter shall be calculated by adjusting that rate (including any previous adjustments made pursuant to this section) by the percentage change between the previous year and the year for which the rate is being calculated, of the sum of the published rate for a kilowatt hour of electricity provided to the city by Azusa Power and the tariffed rate for a kilowatt hour of electricity provided to the city by Southern California Edison. (e) Each rate set forth in Sections 14.20.070, 14.20.080(f) and 14.20.080(g) of this chapter shall be calculated by adjusting that rate by the percentage change in the consumer price index for all urban consumers for Los Angeles-Anaheim-Riverside published by the U.S. Department of Labor between October 1, 2016 and the most recently published index as of October of the year prior to the date on which the adjustment will go into effect, but not to exceed a total increase of five percent for each year since 2017. (Ord. 2010 § 8, 2016)
Repealed
Item #6. Page 13
Meeting Date: 11/28/2023 / Packet Page #: 17

14.20.090 Miscellaneous rates.

All water used other than through a service connection and meter shall be through a fire hydrant meter. Rates shall be established by resolution of the city council. The applicant shall deposit one thousand twenty dollars with the city, which will be returned when the account is closed, for such service and shall pay a minimum charge of one hundred dollars per month or portion thereof for such use. Quantity charges shall be at the rate of one dollar ninety three cents per one hundred cubic feet in Zone 1, two dollars and four cents per one hundred cubic feet in Zone II, two dollars and seventeen cents per one hundred cubic feet in Zone III and two dollars and eighty seven cents per one hundred cubic feet in Zone IV and above. (Ord. 1873 § 6, 2007)

14.20.130 Fire service readiness to serve charge.

A monthly readiness to serve charge of five dollars per diameter-inch for fire service installations shall be made. This is a fire service readiness to serve charge for all installations which are specifically installed for fire protection only, not including fire hydrants. The rate shall be established by resolution of the city council. (Ord. 1784 § 18, 2003)

14.20.140 Deposits.

Deposits shall be required from applicants for water service as follows: if the applicant is the owner of the real property to be served, the deposit will not be required on proof of ownership established to the satisfaction of the water division.

All other applicants shall deposit with the water division the sum of two hundred dollars. amount established by resolution of the city council. (Ord. 1784 § 19, 2003)

14.20.150 Extension service fee—Service acreage fee.

On application made for an extension of the water distributing system of the water division or for water service, the applicant shall pay an additional charge based upon the cost of the supply main distributing line or transmission line serving the territory in which the applicant’s property is located. The city engineerPublic Works Director or their designee shall determine the ratio which the applicant’s property bears to the Item #6. Page 14
Meeting Date: 11/28/2023 / Packet Page #: 18
total area to be served by the area of such system and such main distributing line or transmission line, and shall determine the charge in direct relationship to such ratio as it bears to the cost of installation of such main distributing line or transmission line.

The city engineerPublic Works Director or their designee shall recommend to the city council that the charge as calculated by him or her be imposed upon the applicant as a condition precedent to receiving the requested service. The city council shall determine the fees to be charged to the applicant upon consideration of the city engineer’s recommendationsPublic Works Director or their designee. The charge imposed by this section is denominated as service acreage fee. (Ord. 1784 § 20, 2003)

14.20.160 Connection charge.

There shall be imposed a charge established by resolution of the city council of eight dollars per front foot for each parcel of land proposed to be developed or redeveloped and to be served with water from an existing city water main expressly covered under a reimbursement contract, to be paid by the owner of the property. (Ord. 1784 § 21, 2003)

14.20.170 Installing mains.

Whenever water is to be supplied to a new development or subdivision in which water mains are not installed, or are installed but which must increase in size to adequately supply water to such subdivision or development or to conform to required capacities to serve other areas of the city’s water distribution system, the developer or subdivider is required to pay one hundred percent of the cost. Any new pipelines and appurtenances shall be installed by him or her in accordance with plans and specifications approved by, under the supervision of, and to the satisfaction of the director of public works. (Ord. 1784 § 22, 2003)

14.20.180 Reconnect fee.

A reconnect fee of seventy dollars during regular working hours and one hundred and fifty dollars after regular working hours shall be paid to the city prior to reconnection.

After hours reconnections have until ten a.m. the next working day to pay the reconnection fee or service will be turned off. For a customer with a household Item #6. Page 15
Meeting Date: 11/28/2023 / Packet Page #: 19
income below two hundred percent of the federal poverty line or if the customer or any member of the customer’s household is a current recipient of the following benefits: CalWORKS, CalFresh, general assistance, Medi-Cal, SSI/State Supplementary Payment Program or California Special Supplemental Nutrition Program for Women, Infants and Children, then the reconnection fee during the city’s regular working hours is limited to fifty dollars, or one hundred and fifty dollars after regular working hours. (Ord. 2049 § 6, 2020; Ord. 2048 § 6, 2020; Ord. 1784 § 23, 2003)
Repealed
Item #6. Page 16
Meeting Date: 11/28/2023 / Packet Page #: 20
ORDINANCE NO. 2023-___

AN ORDINANCE OF THE CITY COUNCIL AMENDING SECTIONS

14.20.010 THROUGH 14.20.180 TO CHAPTER 14.20 "RATES AND CHARGES," OF TITLE 14 "WATER," OF THE GLENDORA

MUNICIPAL CODE

THE CITY COUNCIL
City of Glendora, California

THE CITY COUNCIL OF THE CITY OF GLENDORA DOES HEREBY ORDAIN AS FOLLOWS:

WHEREAS, the Water Division of the Public Works Department operates as a selfsupporting enterprise fund that depends upon revenues derived from the sale of water to customers; and
WHEREAS, the City Council desires revisions to the Rates and Charges of the Glendora Municipal Code to make more efficient the overall rules and regulations related to the establishment of water rates and charges.

NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF GLENDORA,

CALIFORNIA, DOES RESOLVE, DECLARE, DETERMINE AND ORDER AS FOLLOWS:

SECTION 1. The City Council hereby adopts Attachment A, Rates and Charges for the City of Glendora Water system.

SECTION 2. If any section, subsection, sentence, clause, phrase, or portion of this Ordinance is for any reason held to be invalid or unenforceable by a court of competent jurisdiction, the remaining portions of this Ordinance shall nonetheless remain in full force and effect. The people of the City of Glendora hereby declare that they would have adopted each section, subsection, sentence, clause, phrase, or portion of this Ordinance, irrespective of the fact that any one or more sections, subsections, sentences, clauses, phrases, or portions of this Ordinance be declared invalid or unenforceable.

SECTION 3. The Mayor shall sign this Ordinance and the City Clerk shall attest and certify to the passage and adoption thereof and cause same to be published at least once in the San Gabriel Valley Examiner, a weekly newspaper of general circulation, published in the City of Glendora, which newspaper is hereby designated for that purpose (GC § 40806); and thereupon, and thirty (30) days after its passage, this ordinance shall take effect and be in force.

PASSED, APPROVED and ADOPTED this ___ day of ____, 2023.

City Council of Glendora, California
BY: __________________________________

GARY BOYER
Mayor
Item #6. Page 17
Meeting Date: 11/28/2023 / Packet Page #: 21
Ordinance _____ Page 2 of 2
APPROVED AS TO FORM:

Aleshire & Wynder, LLP
WILLIAM W. WYNDER
City Attorney

CERTIFICATION
I, Kathleen R. Sessman, City Clerk of the City of Glendora, do hereby certify that the foregoing Ordinance was introduced for first reading on the ___ day of June 2022. Thereafter, said Ordinance was duly approved and adopted at a regular meeting of the City Council on the ___ day of June 2022, by the following roll call vote:

AYES: COUNCIL MEMBERS:

NOES: COUNCIL MEMBERS:

ABSENT: COUNCIL MEMBERS:

ABSTAIN: COUNCIL MEMBERS:

I further certify that said Ordinance was published as required by law in a newspaper of general circulation in the City of Glendora, California on the ___ day of _____, 2023.

Dated:

KATHLEEN R. SESSMAN
City Clerk/Communications Director
Item #6. Page 18
Meeting Date: 11/28/2023 / Packet Page #: 22
RESOLUTION CC 2023 -___

A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF

GLENDORA, CALIFORNIA, ESTABLISHING WATER RATES AND

CHARGES

THE CITY COUNCIL
City of Glendora, California

THE CITY COUNCIL OF THE CITY OF GLENDORA DOES HEREBY
RESOLVE AS FOLLOWS:

WHEREAS, the California Government Code requires that fees for services not exceed the estimated cost of providing the service for which the fee is levied and that no fee or service charge or increase in an existing fee or charge to which the fee or service charge be levied without the opportunity for the public to make oral or written comment at a regularly scheduled meeting of the City Council; and
WHEREAS, the City Council has from time to time adopted fee schedules and now wishes to amend said fee schedules water rates and charges; and WHEREAS, the Public Works Department completed a Water Rate Study to assess the water utility’s operation, maintenance and capital improvement program to determine the appropriate water rates and charges and provide the basis for the recommended water rates; and WHEREAS, the City has conducted the Proposition 218 process to allow for property owner involvement

NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF GLENDORA, CALIFORNIA, DOES HEREBY RESOLVE AS FOLLOWS:

SECTION 1. The 2024 Water Rates and Charges shall be amended as follows:

Bi-Monthly Meter Connection Charge
Meter Size Current Rate 2024
5/8 & 3/4 inch $88.57 $85.38
1 inch $115.14 $134.23

1.5 inch $191.20 $257.07
2 inch $274.57 $413.67
3 inch $407.43 $984.31
4 inch $620.04 $984.31
6 inch $1,080.63 $2,160.61
8 inch $1,523.49 $2,160.61
Item #6. Page 19
Meeting Date: 11/28/2023 / Packet Page #: 23
Resolution CC 2023-___ Page 2 of 3
Bi-Monthly Consumption Tiers (CCF)

CURRENT PROPOSED
Meter Size Tier 1 Tier 2 Tier 1 Tier 2 Tier 3 Tier 4
5/8 inch 0-38 >38 0-12 13-38 39-76 >76
3/4 inch 0-38 >38 0-12 13-38 39-76 >76
1 inch 0-67 >67 0-18 19-67 68-134 >134

CURRENT PROPOSED
Zone Tier 1 (0-38) Tier 2 (39+) Tier 1 (0-12) Tier 2 (13-38) Tier 3 (39-76) Tier 4 (77+) A $3.22 $5.14 $1.97 $2.90 $3.83 $4.76
B $3.34 $5.26 $2.77 $3.70 $4.63 $5.56
C $3.56 $5.48 $3.81 $4.74 $5.67 $6.60
D $4.39 $6.31 $5.16 $6.09 $7.02 $7.95
Miscellaneous Rates & Charges
Item Amount Notes
Fire Hydrant Meter Deposit: $1,020
Meter Charge: $100/month
Usage: Zone A - $1.93/CCF
Zone B - $2.04/CCF
Zone C - $2.17/CCF
Zone D - $2.87/CCF
No Change
Fire Service Readiness to Serve $5.00/diameter inch monthly No Change Deposits for Service $200 No Change
Connection Charge $8.00/per front foot for each parcel of land No Change Reconnect Fee Regular Hours: $70
After Hours: $150
Customer receiving social assistance with proof:

Regular Hours: $50
After Hours: $150
No Change
Item #6. Page 20
Meeting Date: 11/28/2023 / Packet Page #: 24
Resolution CC 2023-___ Page 3 of 3
SECTION 2. The Meter Connection Charge, Elevation Rates, and Consumption Rates set pursuant to this resolution shall be automatically increased based on the percentage change in the Consumer Price Index (CPI) from October to October for calendar years 2025 – 2028, not to exceed 5% each year. Extraordinary increases may be brought to the City Council for consideration and approval.

SECTION 3. The fees set pursuant to this resolution shall be incorporated into the Master Schedule of Fees and may be revised from time to time with the approval of the City Council.

SECTION 4. The City Clerk shall certify to the passage and adoption of this resolution and shall enter the same in the Book of Original Resolutions.

SECTION 5. The City Clerk is hereby directed to forward a copy of this resolution to the Glendora Finance Director for inclusion in the Master Fee Schedule.

APPROVED and PASSED this ____ day of November, 2023.

City Council of Glendora, California
BY: ____________________________________

GARY BOYER
Mayor
APPROVED AS TO FORM:

WILLIAM WYNDER
City Attorney
I, Kathleen R. Sessman, City Clerk of the City of Glendora, do hereby certify that the foregoing Resolution was duly adopted by the City Council of the City of Glendora at a regular meeting held on the ____ day of ___________, 2018, by the following vote:

AYES: COUNCIL MEMBERS:

NOES: COUNCIL MEMBERS:

ABSENT: COUNCIL MEMBERS:

ABSTAIN: COUNCIL MEMBERS:

Dated:

KATHLEEN R. SESSMAN, City Clerk
Item #6. Page 21
Meeting Date: 11/28/2023 / Packet Page #: 25
Public Hearing to Adjust
City of Glendora Water Rates
Public Works
City Council
November 28, 2023
CityOfGlendora.org
Item #6. Page 22
Meeting Date: 11/28/2023 / Packet Page #: 26
Previous Actions
- September 12, 2023: Special Joint Meeting – Water Rates Update - October 10, 2023: GUSD Outreach Meeting
- October 12, 2023: Distribution of Proposition 218 Notices - October 16, 2023: Coordinating Council Outreach Meeting - October 17, 2023: Community Workshop 1
- October 18, 2023: Chamber of Commerce Outreach Meeting - October 19, 2023: Glendora Country Club Outreach Meeting - October 26, 2023: Water Commission Board Meeting, Public Hearing - November 1, 2023: Community Workshop 2
Item #6. Page 23
Meeting Date: 11/28/2023 / Packet Page #: 27
Item #6. Page 24
Meeting Date: 11/28/2023 / Packet Page #: 28
Proposed Rates Item #6. Page 25
Meeting Date: 11/28/2023 / Packet Page #: 29
Proposed Rates
Bi-Monthly Meter Connection Charge
Meter
Size (in) Current
Proposed
2024*
5/8 $88.57 $85.38
3/4 $88.57 $85.38
1 $115.14 $134.23

1.5 $191.20 $257.07
2 $274.57 $413.67
3 $407.43 $984.31
4 $620.04 $984.31
6 $1,080.63 $2,160.61
8 $1,523.49 $2,160.61
Combined Tiered Rates by FY ($/CCF)
Year Tier
Zone Class

A B C D
Current 1 $3.22 $3.34 $3.56 $4.39
2 $5.14 $5.26 $5.48 $6.31
Proposed
2024*
1 $1.97 $2.77 $3.81 $5.16
2 $2.90 $3.70 $4.74 $6.09
3 $3.83 $4.63 $5.67 $7.02
4 $4.76 $5.56 $6.60 $7.95
*Rates will increase based on the percentage change in the Consumer Price Index (CPI) from October to October for calendar years 2025-2028, not to exceed 5% each year.

Item #6. Page 26
Meeting Date: 11/28/2023 / Packet Page #: 30
Recommendations

1.Conduct a Public Hearing, in compliance with Proposition 218, to accept comments on the proposed water rates and charges.

2.Direct the City Clerk to tabulate the results of the protests received from property owners and announce the findings.

3.Adopt Resolution 2023-XX A Resolution of the Glendora City Council establishing water rates and charges effective January 2024 and four years of phased Consumer Price Index (CPI) increases thereto and amending the Master Schedule of Fees to include the approved water rates and charges.

4.Determine this action is exempt from the California Environmental Quality Act (CEQA) pursuant to Sections 15060(c)(2) and 15060(c)(3) of the CEQA Guidelines.

Item #6. Page 27
Meeting Date: 11/28/2023 / Packet Page #: 31
The City Council also serves as members of the Board of Directors of the Successor Agency, Housing and Financing Authority, which are concurrently convening this evening.

CALL TO ORDER
The City Council meeting was called to order at 5:00 p.m.

ROLL CALL
Members Present: Michael Allawos, Karen K. Davis, David J. Fredendall, Mayor Pro Tem/Vice-Chair Mendall Thompson, and Mayor/Chair Gary Boyer Members Absent: None
Staff Present: City Manager/Executive Director Adam Raymond, City/Agency Attorney William W. Wynder, Assistant City Attorney Danny Aleshire, Attorney Payam Mostafavi, Assistant City Manager Moises Lopez, Community Development Director Jeff Kugel, Recreation and Human Services Director John Aguirre, Library Director Janet Stone (via Zoom), Information Technology Director Sam Robbin, Public Works Director William Wittkopf, Assistant Director Michael Sledd, City Clerk/Communications Director Kathleen Sessman, Police Captain Chris Stabio, Police Captain Michael Randazzo, Economic Development and Housing Manager Valerie Velasquez, Management Analyst Alycia Suniga, Digital Media Specialist Craig Gill, Digital Media Senior Specialist Greg Morton, and Deputy City Clerk/Records Manager Roxanne Breceda

CLOSED SESSION
Closed Session titles were read into the record.

There was no one wishing to provide public comment on Closed Session items.

The meeting was convened into Closed Session at 5:02 p.m.

1. PUBLIC EMPLOYMENT A closed session will be held, pursuant to Government Code §54957(b)
Title: City Attorney

2. PUBLIC EMPLOYEE PERFORMANCE EVALUATION A closed session will be held, pursuant to Government Code §54957 to conduct an employee performance evaluation for the position of City Attorney.

3. CONFERENCE WITH REAL PROPERTY NEGOTIATORS A closed session will be held, pursuant to Government Code §54956.8, enable the City Council and Housing Authority to consider negotiations with Paul Rodriguez, with whom City is negotiating, and to give direction to its negotiator(s) Adam Raymond, William W. Wynder, Moises Lopez, Jeff Kugel, City of Glendora Minutes
Regular Meeting
Tuesday, November 14, 2023
City Hall Council Chamber
116 E. Foothill Boulevard, Glendora
Virtually via Zoom ID 9329247224
Item #7. Page 1
Meeting Date: 11/28/2023 / Packet Page #: 32
Minutes Tuesday, November 14, 2023 Page 2 of 5
City Council Meeting City Council, Successor Agency and Housing Authority and Valerie Velasquez regarding that certain real property 1762 Dale Road, APN 8631-013- 023. The City's real property negotiator will seek direction from the City Council regarding the price and terms of payment for the property

4. CONFERENCE WITH REAL PROPERTY NEGOTIATORS A closed session will be held pursuant to Government Code §54956.8, enable the City Council of the City of Glendora, property owner, to receive information form negotiator(s) Adam Raymond, William W.

Closed Session adjourned at 6:38 p.m. and reconvened the meeting back into to open session at 7:00 p.m. City Attorney Wynder reported the following closed session actions: Item 1) and 2) City Council interviewed a successor candidate for City Attorney and an attorney for Assistant City Attorney. City Council directed staff to have a resolution prepared and be brought back at a public meeting for consideration and action at the December City Council meeting to appoint new City Attorney and Assistant City Attorney. Item 3) and 4) A privileged and confidential briefing was provided, questions were asked and answered, and there was no reportable action taken.

INVOCATION AND PLEDGE OF ALLEGIANCE
The invocation was given by Pastor Bruce French of Cornerstone Bible Church.

The Pledge of Allegiance was led by Bob Stephen.

REORDERING OF AND ADDITIONS TO THE AGENDA
There were no requests to reorder the agenda.

PUBLIC COMMENT

5. Public Comments received
Public Comment was received from the following: Patti Griffin and Bob Moore.

MEMBER STATEMENTS/REPORTS
Mayor/Chair Boyer requested update on Peafowls from City Manager Raymond.

Council Member/Commissioner Allawos provided updates on Council of Government Committee meetings relating to an environmental letter sent to Sacramento annually and the digital cliff.

Council Member/Commissioner Fredendall commented on Veterans Day ceremony and celebrations; recognized Veterans for their service; recognized St. Lucy's High School Priory Regent Clay Target Team for their success at the California State Championships and founder and leader Lola Fitzgerald.

Council Member/Commissioner Davis announced that the Holiday Stroll this scheduled for Friday, November 17, 2023 in Downtown Glendora; last meeting before Thanksgiving and expressed her Item #7. Page 2
Meeting Date: 11/28/2023 / Packet Page #: 33
Minutes Tuesday, November 14, 2023 Page 3 of 5
City Council Meeting City Council, Successor Agency and Housing Authority thanks.

Mayor Pro Tem/Vice-Chair Mendell Thompson commented on upcoming events; reminded the community to Shop Glendora; recognized upcoming holidays; and announced that Foothill Christian School celebrated its 60th anniversary and offered a special thanks to Mr. G.

Mayor/Chair Boyer commented Glendora events, volunteerism, community organizations, and recent visit of by Sister City with Moka, Japan; recognized Glendora High School SpaceX CRS-25 mission; Trails Day and volunteerism of Bob Verhoef who passed on August 17, 2023 and requested that tonight’s meeting be adjourned in Bob’s memory; and that staff agendize for a future meeting discussion of the City’s Tree Trimming Policy, specifically relating to trees around streetlights. There were no objections.

CITY MANAGER AND CITY ATTORNEY STATEMENTS
There were no statements given.

PUBLIC HEARINGS

6. Cornerstone Bible Church Expansion Project (File No. PLN20-0007) (Applicant: BGW Architects; Property Owner: Cornerstone Bible Church)
Item title was read into the record and the public hearing was declared opened.

Staff report and PowerPoint was presented.

Public testimony was received from the following: Pastor Bruce French of Cornerstone Bible Church.

City Council discussion included comment from Ron Davis on proposed project; project timeline and phases; project history and journey; and church and neighborhood coming together and the success achieved; and how the project process is what Glendora and community is about, and the success achieved when people work together with grace.

Public Hearing was declared closed.

A motion was made by Mendell Thompson, seconded by Michael Allawos, to: 1. Find and determine that the Ordinance and Resolution are consistent with the Initial Study/Mitigated Negative Declaration prepared for the Project in compliance with the California Environmental Quality Act (CEQA); and 2.

First reading and introduction of an Ordinance 2078 entitled; “AN ORDINANCE OF THE CITY

COUNCIL OF THE CITY OF GLENDORA, CALIFORNIA, APPROVING A ZONE CHANGE FROM SINGLE-FAMILY RESIDENTIAL (R-1) AND RESTRICTED MULTIPLE-FAMILY (R-2)

TO PLANNED REDEVELOPMENT (PR) AND ESTABLISHING SITE SPECIFIC DEVELOPMENT STANDARDS AND PERMITTED USES ON PROPERTIES LOCATED AT 400 AND 420 N. GLENDORA AVENUE, 101, 117, 125, 127 AND 131 E. WHITCOMB AVENUE, 415 N. VISTA BONITA AVENUE (FILE NO. PLN20-0007)”; and 3. Adopt City Council Resolution 2023-50 entitled; “A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF GLENDORA, CALIFORNIA, APPROVING TENTATIVE PARCEL MAP NO. 74655, CONDITIONAL USE

PERMIT, AND DEVELOPMENT PLAN REVIEW FOR THE CORNERSTONE BIBLE CHURCH EXPANSION LOCATED AT 400 AND 420 N. GLENDORA AVENUE, 101, 117, 125, 127 AND Item #7. Page 3
Meeting Date: 11/28/2023 / Packet Page #: 34
Minutes Tuesday, November 14, 2023 Page 4 of 5
City Council Meeting City Council, Successor Agency and Housing Authority 131 E. WHITCOMB AVENUE, 415 N. VISTA BONITA AVENUE; AND CERTIFYING THE PROJECT’S CEQA INITIAL STUDY/MITIGATED NEGATIVE DECLARATION (FILE NO.

PLN20-0007)”.

An oral roll call vote was conducted, and the motion carried 5 - 0 as follows: AYES: Michael Allawos, Karen K. Davis, David J. Fredendall, Mendell Thompson, Gary Boyer; NOES: None; ABSENT: None; ABSTAIN: None.

CONSENT CALENDAR
Mayor Boyer requested clarification on Agenda Item #10.

A motion was made by Karen K. Davis, seconded by Michael Allawos, to approved Consent Calendar Items #7 - #10 as presented affirming the actions appropriate to each item.

7. Affirm Minutes from October 24, 2023 Regular Meeting The City Council, Successor Agency and Housing Authority affirmed minutes as presented.

8. Review and Affirm Disbursements for October 2023 in the amount of $7,144,254.02 The City Council and Housing Authority reviewed and affirmed disbursements for October 2023 in the amount of $7,144,254.02.

9. Approve Amendment No. 4 to a Professional Services Agreement for the Business Improvement District's (BID) Marketing Services with Mic Mac Agency, Invoking a One-Year Extension to September 30, 2024 in the amount of $13,200 The City Council approved: 1. Approve Amendment No. 4 with Mic Mac Agency extending one-year to September 30, 2024 to provide marketing services for the Business Improvement District (BID); and 2. Authorize the City Manager, or his designee, to execute Amendment No. 4 with Mic Mac Agency including minimal and/or non-substantive changes.

10. Award the Contract for Louie Pompei Memorial Sports Park Playground Resurfacing to Milcon Systems, Inc. in the amount not to exceed $81,165.09 The City Council: 1. Adopted a CEQA Notice of Exemption; 2. Amended the 5-year CIP to reduce Gladstone Park Improvements by $81,165.09 and increase Louie Pompei Memorial Sports Park Playground Resurfacing by the same amount; 3. Awarded the contract for Louie Pompei Memorial Sports Park Playground Resurfacing to Milcon Systems Inc., in the amount not to exceed $81,165.09;

4. Authorized the Recreation and Human Services Director to execute change orders in an amount not to exceed 10% of the original contract amount; and 5. Authorized the City Manager or his designee to execute the agreement with Milcon Systems Inc. including minimal and/or non-substantive changes.

NEW BUSINESS
Item #7. Page 4
Meeting Date: 11/28/2023 / Packet Page #: 35
Minutes Tuesday, November 14, 2023 Page 5 of 5
City Council Meeting City Council, Successor Agency and Housing Authority

11. Approve an Agreement with Merrimac Petroleum, Inc., dba Merrimac Energy Group, for Bulk Fuel Services - Gasoline and Diesel in the Amount of $452,000 per year The City Council approved an Agreement with Merrimac Petroleum, Inc., dba Merrimac Energy Group, for Bulk Fuel Services - Gasoline and Diesel in the amount of $452,000; and authorized the City Manager or his designee to execute the agreement including making minimal and/or nonsubstantive changes.

A motion was made by Karen K. Davis, seconded by Michael Allawos, to approve an Agreement with Merrimac Petroleum, Inc., dba Merrimac Energy Group, for Bulk Fuel Services - Gasoline and Diesel in the amount of $452,000; and authorize the City Manager or his designee to execute the agreement including making minimal and/or non-substantive changes.

MEMBER/STAFF CLOSING COMMENTS
Mayor Boyer stated that he would not be running for office in November 2024, provided a brief overview of SB329 and then requested that staff agendize for a future meeting discussion of Glendora City Council members’ salaries. There were no objections.

ADJOURNMENT
Meeting adjourned at 7:56 p.m. in memory of Bob Verhoef.

Kathleen R. Sessman, MMC
City Clerk/Communication Director
Minutes were approved on __________________ .

Item #7. Page 5
Meeting Date: 11/28/2023 / Packet Page #: 36

STAFF REPORT
TO: MAYOR AND COUNCIL MEMBERS DATE: NOVEMBER 28, 2023
FROM: CITY CLERK DISTRICT(S): CITYWIDE
SUBJECT: CITY OF GLENDORA AND GLENDORA SUCCESSOR AGENCY INVESTMENT REPORT FOR OCTOBER 2023

RECOMMENDATION
That the City Council:

1. Receive and file the Monthly Investment Activity Report for October 2023.

STRATEGIC FOCUS AREAS
 Goal 2: Maintain Financial Stability and Sustainability (MFSS)

EXECUTIVE SUMMARY
The City’s book value of cash and investments for October 2023 totaled $119,269,230. This is an increase of $1,150,671 (0.97%) compared to the previous month. The increase is due to the City receiving the one-time congressional budget earmark for the Antique Street Light project from the California Department of Transportation in the amount of $1.5 million.

LEGISLATIVE HISTORY / PREVIOUS ACTIONS
Pursuant to Section 19 of the City’s FY 2023-24 Investment Policy, a monthly investment report must be provided to the City Council to provide a clear picture of the status of the current portfolio.

DISCUSSION
As prescribed in the Investment Policy for FY 2024, the attached investment report provides a listing of individual securities held at the end of the reporting period by authorized investment category, the average life and final maturity of all investments listed, coupon rate, discount or earnings rate, Par Value, Market Value and Book Value of each investment in the portfolio, including funds managed for the City by third parties.

In the month of October, there were no investment purchases and two securities matured, resulting in neither a gain nor a loss.

FISCAL IMPACT
There is no fiscal impact associated with the recommended action.

ENVIRONMENTAL DETERMINATION
Not Applicable.

Prepared By Ryan Prescott Phelps
Concurs With Not Applicable
Reviewed By Kyle Johnson, Finance Director
Certified to Availability of Funds Marie Ricci, Deputy City Manager Item #8. Page 1
Meeting Date: 11/28/2023 / Packet Page #: 37
Staff Report Page 2 of 2
Approved By Adam Raymond, City Manager
Legal Review William W. Wynder, City Attorney
CEQA Review Not Applicable
ATTACHMENTS:

A. October 2023 Investment Report
Item #8. Page 2
Meeting Date: 11/28/2023 / Packet Page #: 38
Item #8. Page 3
Meeting Date: 11/28/2023 / Packet Page #: 39
Financial Advisor

CHEN/GIORDANO/CRAWFORD
213-972-1457
UBS Client Review
As of October 31, 2023
251 South Lake Avenue10th FloorPasadena, CA 911013003Branch office Report Prepared for: City of Glendora* excluded from performance exhibits Type
AccountName
AccountNumberSX XX180 City of Glendora Business Service Account@SX XXX283* CITY OF GL Non UBS Investment Bank of America@SX XXX279* CITY OF GL Non UBS Investment LAIF What's insideAsset Allocation Review. . . . . . . . . . . . . . . . . . . . . . 2Sources of Portfolio Value. . . . . . . . . . . . . . . . . . . . 3Bond Summary. . . . . . . . . . . . . . . . . . . . . . . . . . . . 4Portfolio Holdings. . . . . . . . . . . . . . . . . . . . . . . . . . 5Bond Holdings. . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20Important Information About This Report. . . . . . . . 36

Page 1 of 41 ends

Item #8. Page 4
Meeting Date: 11/28/2023 / Packet Page #: 40
Consolidated report prepared for City of Glendora
Asset Allocation Reviewas of October 31, 2023
Summary of Asset Allocation
Market
value ($)
% of
Portfolio
Cash 7,447,766.34 6.63
Cash 7,447,766.34 6.63 US 7,447,766.34 6.63
Fixed Income 104,932,683.18 93.37
US 104,932,683.18 93.37 US Fixed Income 18,417,232.45 16.39 Government 58,354,399.92 51.92 Municipals 251,082.92 0.22 Corporate IG Credit 27,909,967.89 24.84 Equity 0.00 0.00Commodities 0.00 0.00Non-Traditional 0.00 0.00Other 0.00 0.00Total Portfolio $112,380,449.52 100%Balanced mutual funds and Insurance & Annuity products are allocated in the 'Other' category Cash 6.63%US Fixed Income 93.37%
Total Value: $112,380,449.52
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.Accrued interest, if any, has been included in the total market value.Report created on: November 01, 2023 Page 2 of 41 Item #8. Page 5
Meeting Date: 11/28/2023 / Packet Page #: 41
Consolidated report prepared for City of Glendora
Sources of Portfolio Valueas of October 31, 2023
Market Value Net amount you invested (net of fees)
02/22 12/22 10/23
5075
100125150
$ Millions
MTD
09/30/2023 to
10/31/2023
QTD
09/30/2023 to
10/31/2023
ITD
02/23/2022 to
10/31/2023
YTD
12/31/2022 to
10/31/2023
Opening value 107,407,544.63 107,407,544.63 96,238,141.84 40,589,214.16 Net deposits/withdrawals -154,170.32 -154,170.32 8,761,082.13 69,099,015.20Div./interest income 148,358.77 148,358.77 1,577,754.60 2,630,497.73Change in accr. interest 17,573.41 17,573.41 87,098.21 335,728.10Change in value 217,713.63 217,713.63 972,943.35 -5,017,435.07Closing value 107,637,020.13 107,637,020.13 107,637,020.13 107,637,020.13Net Time-weighted ROR 0.36 0.36 2.57 -1.46Performance returns are annualized after 1 year. Net deposits and withdrawals include program and account fees.Benchmarks - Annualized time-weighted returnsUS Treasury Bill - 3 Mos 0.46 0.46 4.18 3.38BofA Corp/Gov 1-5Y 0.06 0.06 1.55 -1.33BBG Agg Bond -1.58 -1.58 -2.77 -7.14Past performance does not guarantee future results and current performance may be lower/higher than past data presented.Report created on: November 01, 2023 Page 3 of 41 Item #8. Page 6
Meeting Date: 11/28/2023 / Packet Page #: 42
Consolidated report prepared for City of Glendora
Bond Summaryas of October 31, 2023Bond OverviewTotal quantity 111,747,000Total market value $104,529,687.58Total accrued interest $402,995.60Total market value plus accrued interest $104,932,683.18Total estimated annual bond interest $1,964,228.25Average yield to maturityAverage coupon 1.79%

5.55%1.88%5.55%
Average current yieldAverage yield to worstAverage modified duration 1.83Average effective maturity 2.00 Investment Type AllocationInvestment type Taxable ($) Total ($) Tax-exempt /
deferred ($)
% of
bond
port.

Certificates of deposit 18,417,232.45 0.00 18,417,232.45 17.55Municipals 251,082.92 0.00 251,082.92 0.24U.S. corporates 27,909,967.89 0.00 27,909,967.89 26.60U.S. federal agencies 55,029,626.71 0.00 55,029,626.71 52.44U.S. treasuries 3,324,773.21 0.00 3,324,773.21 3.17Total $104,932,683.18 $0.00 $104,932,683.18 100% Credit Quality of Bond HoldingsA Aaa/AAA/AAA 16 25,763,791.45 24.56B Aa/AA/AA 24 36,666,959.72 34.95C A/A/A 16 24,084,699.56 22.93D Baa/BBB/BBB 0 0.00 0.00E Non-investment grade 0 0.00 0.00F Certificate of deposit 80 18,417,232.45 17.57G Not rated 0 0.00 0.00Total 136 $104,932,683.18 100%Effective credit rating % of
port.

Value on
Issues 10/31/2023 ($)
Bond Maturity Schedule
Effective maturity schedule
2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2034 + Other 0 1020304050

2.3%

18.8%

39.3%

24.6%

8.4% 6.3%

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.Accrued interest, if any, has been included in the total market value.Report created on: November 01, 2023 Page 4 of 41 Item #8. Page 7
Meeting Date: 11/28/2023 / Packet Page #: 43
Consolidated report prepared for City of Glendora
Portfolio Holdingsas of October 31, 2023Summary of Portfolio Holdings Unrealized
Cost basis ($) gain/loss (%)
Est. annual
income ($)
Unrealized
gain/loss ($)
Value on
10/31/2023 ($)
Current
yield (%)
% of
portfolio
A Cash 4,996,189.70 7,447,766.34 0.00 0.00% 128,372.36 1.72% 6.63% Cash 4,996,189.70 7,447,766.34 0.00 0.00% 128,372.36 1.72% 6.63% US 4,996,189.70 7,447,766.34 0.00 0.00% 128,372.36 1.72% 6.63% B Fixed Income 111,821,463.7 104,932,683.18 -6,888,780.52 -6.16% 1,964,228.25 1.87% 93.37% US 111,821,463.70 104,932,683.18 -6,888,780.52 -6.16% 1,964,228.25 1.87% 93.37% US Fixed Income 19,399,900.05 18,417,232.45 -982,667.60 -5.07% 426,041.00 2.31% 16.39% Government 62,135,047.55 58,354,399.92 -3,780,647.63 -6.08% 1,011,506.50 1.73% 51.92% Municipals 250,000.00 251,082.92 1,082.92 0.43% 12,872.50 5.13% 0.22% Corporate IG Credit 30,036,516.10 27,909,967.89 -2,126,548.21 -7.08% 513,808.25 1.84% 24.84% C Equity 0.00 0.00 0.00 0.00% NA NA 0.00%D Commodities 0.00 0.00 0.00 0.00% NA NA 0.00%E Non-Traditional 0.00 0.00 0.00 0.00% NA NA 0.00%F Other 0.00 0.00 0.00 0.00% NA NA 0.00%Total Portfolio $116,817,653.40 $112,380,449.52 $-6,888,780.52 -5.90% $2,092,600.61 1.86% 100% Balanced mutual funds and Insurance & Annuity products are allocated in the 'Other' category B
A
Accrued interest, if any, has been included in the total market value.Report created on: November 01, 2023 Page 5 of 41 Item #8. Page 8
Meeting Date: 11/28/2023 / Packet Page #: 44
Consolidated report prepared for City of Glendora
Portfolio Holdingsas of October 31, 2023 (continued)
Details of Portfolio Holdings
% of
asset
class
Est. annual
Cost basis ($) income ($)
Unrealized
gain/loss
(%)
Unrealized
Market value ($) gain/loss ($)
Current
yield (%)
Total Portfolio $112,380,449.52 $-6,888,780.52 -5.90% $2,092,600.61 1.86% 100% $116,817,653.40 100% % of
portfolio
Unrealized
gain/loss ($)
Unrealized
gain/loss
Quantity (%)
Current
Cost basis ($) yield (%)
Est. annual
income ($)
Purchase
price ($) / Cash Avg Price Market value ($)
Price on
10/31/2023
($)
% of
Cash
% of
portfolio
Cash
US
Outside ASSET (1) 1.00 723,793.41 723,793.41 0.00 0.00% NA NA 9.72% 0.64%[Outside Account @SXXXX279]

1.00 Outside ASSET (1) 1.00 4,019,635.98 4,019,635.98 0.00 0.00% NA NA 53.97% 3.58%[Outside Account @SXXXX283]

1.00 UBS INSURED SWEEP 154,905.11 1.00 154,905.11 154,905.11 0.00 0.00% 154.91 0.10% 0.14%PROGRAM

1.00 2.08%
UBS SELECT TREASURY 2,451,576.64 0.00 0.00 2,451,576.64 0.00 0.00% 128,217.46 5.23% 2.18%INSTITUTIONAL FUND

1.00 32.92%
USD CASH 97,855.20 2.00 1.00 97,855.20 97,855.20 0.00 0.00% NA NA 1.31% 0.09% Total US $4,996,189.70 $7,447,766.34 $0.00 0.00% $128,372.36 1.72% 100.00% 6.63% Total Cash $4,996,189.70 $7,447,766.34 $0.00 0.00% $128,372.36 1.72% 100.00% 6.63% Total Cash $4,996,189.70 $7,447,766.34 $0.00 0.00% $128,372.36 1.72% 100.00% 6.63% Assets held at other financial institutions are included in this report. We have not verified, and are not responsible for, the accuracy or completeness of this information.Accrued interest, if any, has been included in the total market value.Report created on: November 01, 2023 Page 6 of 41 Item #8. Page 9
Meeting Date: 11/28/2023 / Packet Page #: 45
Consolidated report prepared for City of Glendora
Portfolio Holdingsas of October 31, 2023 (continued)
Unrealized
gain/loss ($)
Unrealized
gain/loss
Quantity (%)
Current
Cost basis ($) yield (%)
Est. annual
income ($)
Purchase
price ($) /
Avg Price Market value ($)
Amort/Accr.($)
as of
Fixed Income 10/31/2023
Price on
10/31/2023
($)
% of
Fixed
Income
% of
portfolio
US
US Fixed Income
AFFINITY PLUS MN US RT 245,000.00 100.00 245,000.00 243,074.77 0.00 -1,925.23 -0.79% 12,372.50 5.10% 0.22%05.0500% MAT 03/20/26LICU SHARE CERTIFICATE

99.06 0.23%
ALLY BK UT US RT 245,000.00 100.00 245,000.00 237,146.04 0.00 -7,853.96 -3.21% 8,697.50 3.71% 0.21%03.5500% MAT 06/30/26FIXED RATE CD

95.60 0.23%
AMERICAN COMM BK GA 245,000.00 100.00 245,000.00 221,942.71 0.00 -23,057.29 -9.41% 980.00 0.44% 0.20%US RT 00.4000% MAT09/22/25 FIXED RATE CD

90.58 0.21%
ARBOR FINL CREDIT MI US 245,000.00 100.00 245,000.00 241,958.48 0.00 -3,041.52 -1.24% 12,250.00 5.08% 0.22%RT 05.0000% MAT04/03/28 FIXED RATE CD

98.38 0.23%
BANK OF NEW ENGLAN NH 245,000.00 100.00 245,000.00 243,478.38 0.00 -1,521.62 -0.62% 6,982.50 2.87% 0.22%US RT 02.8500% MAT02/15/24 FIXED RATE CD

99.25 0.23%
BANK3 TENNESSEE TN US 245,000.00 100.00 245,000.00 222,683.65 0.00 -22,316.35 -9.11% 980.00 0.44% 0.20%RT 00.4000% MAT08/28/25 FIXED RATE CD

90.89 0.21%
BANKUNITED NA FLOR FL 245,000.00 100.00 245,000.00 220,095.75 0.00 -24,904.25 -10.17% 2,327.50 1.06% 0.20%US RT 00.9500% MAT03/31/26 FIXED RATE CD

89.84 0.21%
BAY ST SVGS BK MA US RT 245,000.00 100.00 245,000.00 246,011.65 0.00 1,011.65 0.41% 4,165.00 1.71% 0.22%01.7000% MAT 11/29/23FIXED RATE CD

99.69 0.23%
BEAL BANK - PLANO TX US 245,000.00 100.00 245,000.00 241,529.09 0.00 -3,470.91 -1.42% 5,390.00 2.23% 0.21%RT 02.2000% MAT04/17/24 FIXED RATE CD

98.52 0.23%
BELL ST B&T ND US RT 245,000.00 100.00 245,000.00 232,290.71 0.00 -12,709.29 -5.19% 3,920.00 1.69% 0.21%01.6000% MAT 02/27/25FIXED RATE CD

94.80 0.22%
BK HAPOALIM BM NY US RT 245,000.00 100.00 245,000.00 220,804.81 0.00 -24,195.19 -9.88% 1,225.00 0.56% 0.20%00.5000% MAT 12/15/25FIXED RATE CD

89.93 0.21%
BMO HARRIS BK NA IL US 245,000.00 100.00 245,000.00 219,841.55 0.00 -25,158.45 -10.27% 1,960.00 0.89% 0.20%RT 00.8000% MAT03/18/26 FIXED RATE CD

89.64 0.21%
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.Accrued interest, if any, has been included in the total market value.Report created on: November 01, 2023 Page 7 of 41 Item #8. Page 10
Meeting Date: 11/28/2023 / Packet Page #: 46
Consolidated report prepared for City of Glendora
Portfolio Holdingsas of October 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 10/31/2023
Price on
10/31/2023
($)
% of
Fixed
Income
% of
portfolio
US
US Fixed Income
BMW BANK NORTH AME UT 245,000.00 100.06 245,142.82 233,485.23 -171.06 -11,657.59 -4.76% 4,410.00 1.89% 0.21%US RT 01.8000% MAT03/04/25 FIXED RATE CD

95.02 0.22%
BOKF NA OK US RT 245,000.00 100.00 245,000.00 243,657.47 0.00 -1,342.53 -0.55% 11,637.50 4.82% 0.22%04.7500% MAT 02/17/27FIXED RATE CD

98.48 0.23%
CADENCE BANK MS US RT 245,000.00 100.00 245,000.00 249,567.77 0.00 4,567.77 1.86% 13,107.50 5.36% 0.22%05.3500% MAT 07/05/24FIXED RATE CD

99.83 0.24%
CAPITAL ONE BK USA VA 245,000.00 100.00 245,000.00 218,501.07 0.00 -26,498.93 -10.82% 2,817.50 1.30% 0.19%US RT 01.1500% MAT11/24/26 FIXED RATE CD

88.68 0.21%
CAPITAL ONE NA VA US RT 245,000.00 100.00 245,000.00 218,501.07 0.00 -26,498.93 -10.82% 2,817.50 1.30% 0.19%01.1500% MAT 11/24/26FIXED RATE CD

88.68 0.21%
CENTERSTATE BK NA FL US 245,000.00 100.00 245,000.00 228,679.91 0.00 -16,320.09 -6.66% 2,450.00 1.07% 0.20%RT 01.0000% MAT04/30/25 FIXED RATE CD

93.34 0.22%
CFG COMMUNITY BANK 245,000.00 100.00 245,000.00 238,047.60 0.00 -6,952.40 -2.84% 9,310.00 3.95% 0.21%MD US RT 03.8000% MAT03/11/26 FIXED RATE CD

96.32 0.23%
CHAMBERS BANK AK US RT 108,000.00 100.00 108,000.00 97,961.83 0.00 -10,038.17 -9.29% 378.00 0.39% 0.09%00.3500% MAT 09/22/25FIXED RATE CD

90.67 0.09%
CIBC BANK ILLINOIS IL US RT 245,000.00 100.00 245,000.00 243,664.38 0.00 -1,335.62 -0.55% 12,250.00 5.05% 0.22%05.0000% MAT 03/24/26FIXED RATE CD

98.95 0.23%
CITADEL FED CREDIT PA US 245,000.00 100.00 245,000.00 232,448.85 0.00 -12,551.15 -5.12% 4,042.50 1.74% 0.21%RT 01.6500% MAT02/27/25 CREDIT UNIONSHARE CERT

94.86 0.22%
CITIZENS ST BK CLA WI US 219,000.00 100.00 219,000.00 210,504.99 0.00 -8,495.01 -3.88% 3,723.00 1.77% 0.19%RT 01.7000% MAT10/31/24 FIXED RATE CD

96.12 0.20%
COMMUNITY BK TN US RT 245,000.00 100.00 245,000.00 222,752.72 0.00 -22,247.28 -9.08% 980.00 0.44% 0.20%00.4000% MAT 08/26/25FIXED RATE CD

90.91 0.21%
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.Accrued interest, if any, has been included in the total market value.Report created on: November 01, 2023 Page 8 of 41 Item #8. Page 11
Meeting Date: 11/28/2023 / Packet Page #: 47
Consolidated report prepared for City of Glendora
Portfolio Holdingsas of October 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 10/31/2023
Price on
10/31/2023
($)
% of
Fixed
Income
% of
portfolio
US
US Fixed Income
COMMUNITYWIDE FED IN 245,000.00 100.00 245,000.00 241,072.55 0.00 -3,927.45 -1.60% 5,512.50 2.30% 0.21%US RT 02.2500% MAT06/28/24 FIXED RATE CD

97.84 0.23%
CONNEXUS CREDIT UN WI 245,000.00 100.00 245,000.00 237,782.30 0.00 -7,217.70 -2.95% 735.00 0.31% 0.21%US RT 00.3000% MAT05/28/24 CREDIT UNIONSHARE CERT

97.05 0.23%
CY-FAIR FED CREDIT TX US 245,000.00 100.00 245,000.00 244,597.83 0.00 -402.17 -0.16% 12,985.00 5.32% 0.22%RT 05.3000% MAT07/14/28 FIXED RATE CD

99.59 0.23%
DISCOVER BANK DE US RT 245,000.00 100.00 245,000.00 231,690.96 0.00 -13,309.04 -5.43% 7,840.00 3.43% 0.21%03.2000% MAT 05/24/27FIXED RATE CD

93.17 0.22%
EAGLEMARK SVGS BK NV 245,000.00 100.30 245,747.23 221,595.85 -355.86 -24,151.38 -9.83% 4,900.00 2.22% 0.20%US RT 02.0000% MAT03/02/27 FIXED RATE CD

90.12 0.21%
ENCORE BANK AR US RT 245,000.00 100.00 245,000.00 227,497.37 0.00 -17,502.63 -7.14% 1,960.00 0.86% 0.20%00.8000% MAT 05/15/25FIXED RATE CD

92.82 0.22%
ENERBANK UT US RT 245,000.00 100.00 245,000.00 226,265.76 0.00 -18,734.24 -7.65% 1,592.50 0.70% 0.20%00.6500% MAT 06/19/25FIXED RATE CD

92.33 0.22%
ESSENTIAL FED CRED LA US 245,000.00 100.00 245,000.00 240,369.57 0.00 -4,630.43 -1.89% 11,515.00 4.80% 0.21%RT 04.7000% MAT06/15/27 LICU SHARECERTIFICATE

97.90 0.23%
FIRST CAROLINA BK NC US 245,000.00 100.00 245,000.00 226,015.49 0.00 -18,984.51 -7.75% 1,470.00 0.65% 0.20%RT 00.6000% MAT06/26/25 FIXED RATE CD

92.24 0.22%
FIRST N/B MCGREG TX US 245,000.00 100.00 245,000.00 243,294.53 0.00 -1,705.47 -0.70% 6,982.50 2.87% 0.22%RT 02.8500% MAT02/21/24 FIXED RATE CD

99.22 0.23%
FIRST NATL BK KS US RT 245,000.00 100.00 245,000.00 237,390.30 0.00 -7,609.70 -3.11% 4,532.50 1.91% 0.21%01.8500% MAT 08/30/24FIXED RATE CD

96.89 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.Accrued interest, if any, has been included in the total market value.Report created on: November 01, 2023 Page 9 of 41 Item #8. Page 12
Meeting Date: 11/28/2023 / Packet Page #: 48
Consolidated report prepared for City of Glendora
Portfolio Holdingsas of October 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 10/31/2023
Price on
10/31/2023
($)
% of
Fixed
Income
% of
portfolio
US
US Fixed Income
FIRST ST BK AR US RT 245,000.00 100.00 245,000.00 237,292.30 0.00 -7,707.70 -3.15% 4,410.00 1.86% 0.21%01.8000% MAT 08/30/24FIXED RATE CD

96.85 0.23%
FLAGSTAR BANK, FSB MI US 245,000.00 100.00 245,000.00 228,851.75 0.00 -16,148.25 -6.59% 2,572.50 1.12% 0.20%RT 01.0500% MAT04/30/25 FIXED RATE CD

93.41 0.22%
GREAT STHN BK MO US RT 245,000.00 100.00 245,000.00 240,047.61 0.00 -4,952.39 -2.02% 11,025.00 4.60% 0.21%04.5000% MAT 10/20/25FIXED RATE CD

97.84 0.23%
GREENSTATE CREDIT IA US 245,000.00 100.00 245,000.00 219,963.65 0.00 -25,036.35 -10.22% 2,327.50 1.06% 0.20%RT 00.9500% MAT04/16/26 FIXED RATE CD

89.70 0.21%
HOME LN INVT BK RI US RT 245,000.00 100.00 245,000.00 222,756.15 0.00 -22,243.85 -9.08% 980.00 0.44% 0.20%00.4000% MAT 08/29/25FIXED RATE CD

90.89 0.21%
HOME SAVINGS BANK UT 245,000.00 100.00 245,000.00 244,670.86 0.00 -329.14 -0.13% 6,982.50 2.87% 0.22%US RT 02.8500% MAT02/12/24 FIXED RATE CD

99.24 0.23%
HORIZON BK NE US RT 245,000.00 100.00 245,000.00 230,155.42 0.00 -14,844.58 -6.06% 3,185.00 1.38% 0.20%01.3000% MAT 04/15/25FIXED RATE CD

93.88 0.22%
JPMORGAN CHASE BK OH 245,000.00 100.00 245,000.00 223,313.71 0.00 -21,686.29 -8.85% 1,715.00 0.77% 0.20%US RT 00.7000% MAT09/30/25 FIXED RATE CD

91.09 0.21%
LAFAYETTE FED CRED MD 245,000.00 100.00 245,000.00 228,537.14 0.00 -16,462.86 -6.72% 7,962.50 3.49% 0.20%US RT 03.2500% MAT06/15/27 LICU SHARECERTIFICATE

93.14 0.22%
LIBERTY FED CREDIT IN US 245,000.00 100.00 245,000.00 245,725.64 0.00 725.64 0.30% 12,495.00 5.11% 0.22%RT 05.1000% MAT03/08/24 LICU SHARECERTIFICATE

99.88 0.23%
LIVE OAK BKG CO NC US RT 245,000.00 100.00 245,000.00 216,846.45 0.00 -28,153.55 -11.49% 1,960.00 0.90% 0.19%00.8000% MAT 08/13/26FIXED RATE CD

88.44 0.21%
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.Accrued interest, if any, has been included in the total market value.Report created on: November 01, 2023 Page 10 of 41 Item #8. Page 13
Meeting Date: 11/28/2023 / Packet Page #: 49
Consolidated report prepared for City of Glendora
Portfolio Holdingsas of October 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 10/31/2023
Price on
10/31/2023
($)
% of
Fixed
Income
% of
portfolio
US
US Fixed Income
MCHENRY SVGS BK IL US RT 245,000.00 100.00 245,000.00 234,902.54 0.00 -10,097.46 -4.12% 4,287.50 1.83% 0.21%01.7500% MAT 11/29/24FIXED RATE CD

95.87 0.22%
MEDALLION BK UT US RT 245,000.00 100.00 245,000.00 224,178.69 0.00 -20,821.31 -8.50% 1,347.50 0.60% 0.20%00.5500% MAT 07/30/25FIXED RATE CD

91.50 0.21%
METRO CREDIT UNION MA 245,000.00 100.00 245,000.00 219,009.73 0.00 -25,990.27 -10.61% 4,165.00 1.90% 0.19%US RT 01.7000% MAT02/18/27 LICU SHARECERTIFICATE

89.25 0.21%
MONEY ONE FED CRED MD 248,000.00 101.34 251,321.70 240,582.86 -10,943.45 -10,738.84 -4.27% 4,960.00 2.07% 0.21%US RT 02.0000% MAT09/23/24 FIXED RATE CD

96.80 0.23%
MORGAN STANLEY BK UT 245,000.00 100.00 245,000.00 240,883.87 0.00 -4,116.13 -1.68% 10,412.50 4.37% 0.21%US RT 04.2500% MAT02/02/26 FIXED RATE CD

97.27 0.23%
MORGAN STANLEY PRV NY 245,000.00 100.00 245,000.00 238,810.23 0.00 -6,189.77 -2.53% 4,900.00 2.06% 0.21%US RT 02.0000% MAT08/22/24 FIXED RATE CD

97.09 0.23%
MORTON CMNTY BK IL US 245,000.00 100.00 245,000.00 226,256.83 0.00 -18,743.17 -7.65% 1,470.00 0.65% 0.20%RT 00.6000% MAT06/19/25 FIXED RATE CD

92.33 0.22%
NEW ORLEANS FIREME LA 245,000.00 100.00 245,000.00 241,415.11 0.00 -3,584.89 -1.46% 12,250.00 5.08% 0.21%US RT 05.0000% MAT07/17/28 FIXED RATE CD

98.35 0.23%
NEW YORK CMNTY BK NY 245,000.00 100.00 245,000.00 217,704.28 0.00 -27,295.72 -11.14% 1,715.00 0.79% 0.19%US RT 00.7000% MAT07/01/26 FIXED RATE CD

88.62 0.21%
OCEANFIRST BK NA NJ US 245,000.00 100.00 245,000.00 243,971.27 0.00 -1,028.73 -0.42% 7,962.50 3.30% 0.22%RT 03.2500% MAT07/01/24 FIXED RATE CD

98.48 0.23%
PACIFIC CREST SVGS WA US 245,000.00 100.00 245,000.00 229,269.25 0.00 -15,730.75 -6.42% 2,940.00 1.28% 0.20%RT 01.2000% MAT04/30/25 FIXED RATE CD

93.58 0.22%
PACIFIC WSTN BK CA US RT 245,000.00 100.00 245,000.00 230,386.92 0.00 -14,613.08 -5.96% 3,307.50 1.44% 0.21%01.3500% MAT 04/16/25FIXED RATE CD

93.98 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.Accrued interest, if any, has been included in the total market value.Report created on: November 01, 2023 Page 11 of 41 Item #8. Page 14
Meeting Date: 11/28/2023 / Packet Page #: 50
Consolidated report prepared for City of Glendora
Portfolio Holdingsas of October 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 10/31/2023
Price on
10/31/2023
($)
% of
Fixed
Income
% of
portfolio
US
US Fixed Income
PENTAGON FED CREDI VA 245,000.00 100.00 245,000.00 218,850.04 0.00 -26,149.96 -10.67% 4,165.00 1.90% 0.19%US RT 01.7000% MAT02/18/27 CREDIT UNIONSHARE CERT

89.27 0.21%
PREMIER CMNTY BK WI US 245,000.00 100.00 245,000.00 243,178.88 0.00 -1,821.12 -0.74% 12,740.00 5.25% 0.22%RT 05.2000% MAT12/13/27 FIXED RATE CD

98.99 0.23%
RAYMOND JAMES BK N FL 245,000.00 100.00 245,000.00 237,720.92 0.00 -7,279.08 -2.97% 4,410.00 1.87% 0.21%US RT 01.8000% MAT11/08/24 FIXED RATE CD

96.16 0.23%
SALLIE MAE BANK UT US RT 245,000.00 100.00 245,000.00 242,745.63 0.00 -2,254.37 -0.92% 8,207.50 3.41% 0.22%03.3500% MAT 08/05/24FIXED RATE CD

98.26 0.23%
SAN FRANCISCO FED CA US 245,000.00 100.00 245,000.00 229,868.93 0.00 -15,131.07 -6.18% 2,695.00 1.17% 0.20%RT 01.1000% MAT03/27/25 LICU SHARECERTIFICATE

93.81 0.22%
SAVOY BK NY US RT 245,000.00 100.00 245,000.00 227,566.91 0.00 -17,433.09 -7.12% 1,960.00 0.86% 0.20%00.8000% MAT 05/13/25FIXED RATE CD

92.85 0.22%
SOMERSET TRUST CO PA US 245,000.00 100.00 245,000.00 229,821.95 0.00 -15,178.05 -6.20% 2,450.00 1.07% 0.20%RT 01.0000% MAT03/19/25 FIXED RATE CD

93.77 0.22%
STATE BANK OF INDI NY US 245,000.00 100.00 245,000.00 220,349.98 0.00 -24,650.02 -10.06% 2,205.00 1.00% 0.20%RT 00.9000% MAT03/25/26 FIXED RATE CD

89.85 0.21%
STOCKMAN BK MT US RT 245,000.00 100.00 245,000.00 228,217.67 0.00 -16,782.33 -6.85% 1,470.00 0.65% 0.20%00.6000% MAT 06/10/25FIXED RATE CD

92.92 0.22%
SYNCHRONY BANK UT US 245,000.00 100.00 245,000.00 233,434.19 0.00 -11,565.81 -4.72% 4,900.00 2.10% 0.21%RT 02.0000% MAT03/25/25 FIXED RATE CD

95.08 0.22%
TECHNOLOGY CREDIT CA 245,000.00 100.00 245,000.00 243,473.55 0.00 -1,526.45 -0.62% 12,250.00 5.05% 0.22%US RT 05.0000% MAT03/23/26 CREDIT UNIONSHARE CERT

98.97 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.Accrued interest, if any, has been included in the total market value.Report created on: November 01, 2023 Page 12 of 41 Item #8. Page 15
Meeting Date: 11/28/2023 / Packet Page #: 51
Consolidated report prepared for City of Glendora
Portfolio Holdingsas of October 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 10/31/2023
Price on
10/31/2023
($)
% of
Fixed
Income
% of
portfolio
US
US Fixed Income
TEXAS EXCHANGE BK TX US 245,000.00 100.00 245,000.00 221,110.42 0.00 -23,889.58 -9.75% 1,470.00 0.66% 0.20%RT 00.6000% MAT10/23/25 FIXED RATE CD

90.24 0.21%
THIRD FED S&L ASSN OH US 245,000.00 100.00 245,000.00 237,629.06 0.00 -7,370.94 -3.01% 4,777.50 2.03% 0.21%RT 01.9500% MAT11/25/24 FIXED RATE CD

96.14 0.23%
TOYOTA FINL SVG BK NV US 245,000.00 100.00 245,000.00 219,628.27 0.00 -25,371.73 -10.36% 2,205.00 1.00% 0.20%RT 00.9000% MAT04/22/26 FIXED RATE CD

89.62 0.21%
UBS BANK UT US RT 245,000.00 100.00 245,000.00 218,125.78 0.00 -26,874.22 -10.97% 2,082.50 0.96% 0.19%00.8500% MAT 06/16/26FIXED RATE CD

89.00 0.21%
USALLIANCE FED CRE NY US 245,000.00 100.00 245,000.00 222,349.35 0.00 -22,650.65 -9.25% 1,225.00 0.55% 0.20%RT 00.5000% MAT09/29/25 FIXED RATE CD

90.71 0.21%
VALLEY STRONG CRED CA 240,000.00 100.00 240,000.00 236,064.20 0.00 -3,935.80 -1.64% 6,840.00 2.90% 0.21%US RT 02.8500% MAT06/21/24 FIXED RATE CD

98.28 0.22%
VALLEYSTAR CR UN M VA 245,000.00 100.00 245,000.00 242,796.68 0.00 -2,203.32 -0.90% 12,250.00 5.05% 0.22%US RT 05.0000% MAT03/20/26 LICU SHARECERTIFICATE

98.95 0.23%
VIGO CNTY FED CR U IN US 245,000.00 100.00 245,000.00 244,852.40 0.00 -147.60 -0.06% 12,862.50 5.26% 0.22%RT 05.2500% MAT07/16/24 LICU SHARECERTIFICATE

99.72 0.23%
VYSTAR CREDIT UNIO FL US 205,000.00 100.34 205,688.30 204,608.45 -18,129.03 -1,079.85 -0.52% 7,482.50 3.66% 0.18%RT 03.6500% MAT12/11/23 LICU SHARECERTIFICATE

99.80 0.19%
WEBBANK UT US RT 245,000.00 100.00 245,000.00 238,256.59 0.00 -6,743.41 -2.75% 857.50 0.36% 0.21%00.3500% MAT 05/28/24FIXED RATE CD

97.10 0.23%
WORKERS CREDIT UNI MA 245,000.00 100.00 245,000.00 244,847.36 0.00 -152.64 -0.06% 12,005.00 4.91% 0.22%US RT 04.9000% MAT01/26/24 LICU SHARECERTIFICATE

99.88 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.Accrued interest, if any, has been included in the total market value.Report created on: November 01, 2023 Page 13 of 41 Item #8. Page 16
Meeting Date: 11/28/2023 / Packet Page #: 52
Consolidated report prepared for City of Glendora
Portfolio Holdingsas of October 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 10/31/2023
Price on
10/31/2023
($)
% of
Fixed
Income
% of
portfolio
US
US Fixed IncomeTotal US Fixed Income $19,399,900.05 $18,417,232.45 $-29,599.40 $-982,667.60 -5.07% $426,041.00 2.31% 17.55% 16.39% Government
FEDERAL FARM CREDIT 2,000,000.00 100.00 2,000,000.00 1,909,852.22 0.00 -90,147.78 -4.51% 19,400.00 1.02% 1.70%BANK 00.970 % DUE120924 DTD 120921 FC06092022

95.11 1.82%
FFCB BOND 00.210 % DUE 2,000,000.00 100.00 2,000,000.00 1,986,316.67 0.00 -13,683.33 -0.68% 4,200.00 0.21% 1.77%122123 DTD 122120 FC06212021

99.24 1.89%
FFCB BOND 00.440 % DUE 2,000,000.00 100.00 2,000,000.00 1,911,848.89 0.00 -88,151.11 -4.41% 8,800.00 0.46% 1.70%092324 DTD 092321 FC03232022

95.55 1.82%
FFCB BOND 00.600 % DUE 2,000,000.00 100.00 2,000,000.00 1,857,780.00 0.00 -142,220.00 -7.11% 12,000.00 0.65% 1.65%061625 DTD 061621 FC12162021

92.66 1.77%
FFCB BOND 00.600 % DUE 2,000,000.00 100.00 2,000,000.00 1,827,253.33 0.00 -172,746.67 -8.64% 12,000.00 0.66% 1.63%112425 DTD 112420 FC05242021

91.10 1.74%
FFCB BOND 00.610 % DUE 2,000,000.00 100.00 2,000,000.00 1,864,014.44 0.00 -135,985.56 -6.80% 12,200.00 0.66% 1.66%052325 DTD 082321 FC11232021

92.93 1.78%
FFCB BOND 00.660 % DUE 2,000,000.00 100.00 2,000,000.00 1,839,686.67 0.00 -160,313.33 -8.02% 13,200.00 0.72% 1.64%091525 DTD 091521 FC03152022

91.90 1.75%
FFCB BOND 00.680 % DUE 2,000,000.00 100.00 2,000,000.00 1,867,600.00 0.00 -132,400.00 -6.62% 13,600.00 0.73% 1.66%051925 DTD 051921 FC11192021

93.07 1.78%
FFCB BOND 00.710 % DUE 2,000,000.00 100.00 2,000,000.00 1,868,434.44 0.00 -131,565.56 -6.58% 14,200.00 0.76% 1.66%042125 DTD 042121 FC10212021

93.40 1.78%
FFCB BOND 01.840 % DUE 2,000,000.00 100.00 2,000,000.00 1,814,611.11 0.00 -185,388.89 -9.27% 36,800.00 2.04% 1.61%012627 DTD 012622 FC07262022

90.25 1.73%
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.Accrued interest, if any, has been included in the total market value.Report created on: November 01, 2023 Page 14 of 41 Item #8. Page 17
Meeting Date: 11/28/2023 / Packet Page #: 53
Consolidated report prepared for City of Glendora
Portfolio Holdingsas of October 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 10/31/2023
Price on
10/31/2023
($)
% of
Fixed
Income
% of
portfolio
US
Government
FFCB NTS 00.940 % DUE 2,000,000.00 100.00 2,000,000.00 1,777,323.33 0.00 -222,676.67 -11.13% 18,800.00 1.06% 1.58%092826 DTD 092821 FC03282022

88.78 1.69%
FHLB BOND 00.625 % DUE 2,000,000.00 100.00 2,000,000.00 1,855,446.67 0.00 -144,553.33 -7.23% 12,500.00 0.68% 1.65%063025 DTD 063021 FC12302021

92.56 1.77%
FHLB BOND 01.050 % DUE 1,000,000.00 96.84 968,385.25 897,255.00 0.00 -71,130.25 -7.35% 10,500.00 1.17% 0.80%081326 DTD 081321 FC02132022

89.50 0.86%
FHLB BOND 01.780 % DUE 2,000,000.00 100.00 2,000,000.00 1,806,930.00 0.00 -193,070.00 -9.65% 35,600.00 1.98% 1.61%021027 DTD 021022 FC08102022

89.95 1.72%
FHLB BOND 02.010 % DUE 3,215,000.00 95.65 3,075,098.40 2,921,775.93 0.00 -153,322.48 -4.99% 64,621.50 2.22% 2.60%022527 DTD 022522 FC08252022

90.51 2.78%
FHLB BOND 05.400 % DUE 2,000,000.00 100.00 2,000,004.61 1,980,600.00 -0.64 -19,404.61 -0.97% 108,000.00 5.51% 1.76%022428 DTD 022423 FC08242023

98.03 1.89%
FHLB BOND 05.450 % DUE 490,000.00 100.00 490,000.00 486,414.43 0.00 -3,585.58 -0.73% 26,705.00 5.53% 0.43%031627 DTD 121622 FC03162023

98.59 0.46%
FHLB BOND 05.650 % DUE 2,000,000.00 100.00 2,000,004.78 1,968,421.67 -0.47 -31,583.11 -1.58% 113,000.00 5.74% 1.75%042828 DTD 042823 FC10282023

98.37 1.88%
FHLB BOND STEP-UP 2,000,000.00 100.00 2,000,000.00 1,825,373.33 0.00 -174,626.67 -8.73% 17,500.00 0.96% 1.62%0.875% DUE 063026 DTD063021 FC 12302021

90.98 1.74%
FHLB NTS 1.0500% DUE 2,000,000.00 100.00 2,000,000.00 1,821,390.00 0.00 -178,610.00 -8.93% 21,000.00 1.15% 1.62%033026 DTD 033021 FC09302021

90.98 1.74%
FHLB NTS 1.1500% DUE 2,000,000.00 100.00 2,000,000.00 1,795,892.78 0.00 -204,107.22 -10.21% 23,000.00 1.28% 1.60%082626 DTD 082621 FC02262022

89.59 1.71%
FHLB NTS 1.5000% DUE 2,000,000.00 100.00 2,000,000.00 1,833,500.00 0.00 -166,500.00 -8.33% 30,000.00 1.65% 1.63%063026 DTD 063021 FC12302021

91.18 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.Accrued interest, if any, has been included in the total market value.Report created on: November 01, 2023 Page 15 of 41 Item #8. Page 18
Meeting Date: 11/28/2023 / Packet Page #: 54
Consolidated report prepared for City of Glendora
Portfolio Holdingsas of October 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 10/31/2023
Price on
10/31/2023
($)
% of
Fixed
Income
% of
portfolio
US
Government
FHLMC MED TERM NTS 1,000,000.00 99.85 998,500.00 923,771.11 0.00 -74,728.89 -7.48% 5,000.00 0.54% 0.82%00.500 % DUE 072325 DTD072320 FC 01232021

92.24 0.88%
FHLMC MED TERM NTS 2,000,000.00 100.00 2,000,000.00 1,867,445.00 0.00 -132,555.00 -6.63% 14,600.00 0.78% 1.66%00.730 % DUE 052825 DTD052820 FC 11282020

93.06 1.78%
FHLMC MED TERM NTS 2,000,000.00 100.00 2,000,000.00 1,987,881.67 0.00 -12,118.33 -0.61% 61,000.00 3.10% 1.77%03.050 % DUE 062824 DTD062822 FC 12282022

98.35 1.89%
FHLMC MED TERM NTS 1,000,000.00 100.00 1,000,000.00 988,306.67 0.00 -11,693.33 -1.17% 51,000.00 5.23% 0.88%05.100 % DUE 012728 DTD013023 FC 07272023

97.50 0.94%
FHLMC MED TERM NTS 1,000,000.00 100.00 1,000,000.00 995,235.00 0.00 -4,765.00 -0.48% 51,000.00 5.17% 0.89%05.100 % DUE 022828 DTD022823 FC 08282023

98.63 0.95%
FHLMC MED TERM NTS 1,175,000.00 100.00 1,175,000.00 1,179,005.44 0.00 4,005.44 0.34% 62,275.00 5.36% 1.05%05.300 % DUE 012726 DTD012723 FC 07272023

98.96 1.12%
FNMA NTS 00.500 % DUE 1,000,000.00 100.00 999,950.00 919,869.44 0.00 -80,080.56 -8.01% 5,000.00 0.54% 0.82%081425 DTD 081420 FC02142021

91.88 0.88%
FNMA NTS 00.540 % DUE 2,000,000.00 100.00 2,000,000.00 1,825,800.00 0.00 -174,200.00 -8.71% 10,800.00 0.59% 1.62%102725 DTD 102720 FC04272021

91.28 1.74%
FNMA NTS 00.560 % DUE 2,000,000.00 100.00 2,000,000.00 1,827,042.22 0.00 -172,957.78 -8.65% 11,200.00 0.61% 1.63%111725 DTD 111720 FC05172021

91.10 1.74%
FNMA NTS 04.125 % DUE 988,000.00 99.59 983,948.13 972,098.14 0.00 -11,849.99 -1.20% 40,755.00 4.22% 0.87%082825 DTD 083022 FC02282023

97.70 0.93%
INTL FIN CORP NTS 00.500 2,000,000.00 100.00 2,000,000.00 1,825,451.11 0.00 -174,548.89 -8.73% 10,000.00 0.55% 1.62%% DUE 051526 DTD052821 FC 11152021

91.04 1.74%
US TSY NOTE 01.125 % 1,000,000.00 98.21 982,052.13 896,020.00 0.00 -86,032.13 -8.76% 11,250.00 1.26% 0.80%DUE 10/31/26 DTD 10/31/21FC 04/30/22

89.60 0.85%
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.Accrued interest, if any, has been included in the total market value.Report created on: November 01, 2023 Page 16 of 41 Item #8. Page 19
Meeting Date: 11/28/2023 / Packet Page #: 55
Consolidated report prepared for City of Glendora
Portfolio Holdingsas of October 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 10/31/2023
Price on
10/31/2023
($)
% of
Fixed
Income
% of
portfolio
US
Government
US TSY NOTE 01.750 % 1,500,000.00 97.67 1,465,036.50 1,447,843.78 0.00 -17,192.72 -1.17% 26,250.00 1.82% 1.29%DUE 12/31/24 DTD 12/31/19FC 06/30/20

95.94 1.38%
US TSY NOTE 02.375 % 1,000,000.00 99.71 997,067.75 980,909.43 0.00 -16,158.32 -1.62% 23,750.00 2.43% 0.87%DUE 08/15/24 DTD 08/15/14FC 02/15/15

97.59 0.93%
Total Government $62,135,047.55 $58,354,399.92 $-1.11 $-3,780,647.63 -6.08% $1,011,506.50 1.73% 55.61% 51.92% Municipals
SULPHUR SPRINGS CAL UNI 250,000.00 100.00 250,000.00 251,082.92 0.00 1,082.92 0.43% 12,872.50 5.17% 0.22%TAX SR F BE/R/ 5.149090124 DTD 110322

99.58 0.24%
Total Municipals $250,000.00 $251,082.92 $0.00 $1,082.92 0.43% $12,872.50 5.13% 0.24% 0.22%Corporate IG Credit AMAZON COM INC NTS B/E 1,000,000.00 100.16 1,001,552.59 934,268.89 -3,270.10 -67,283.70 -6.72% 8,000.00 0.86% 0.83%00.800% 060325DTD060320CALL@MW+10BP

93.10 0.89%
CATERPILLAR FINL SERVICE 2,026,000.00 101.15 2,049,225.47 1,920,802.20 -47,219.59 -128,423.27 -6.27% 29,377.00 1.54% 1.71%01.450% 051525DTD051520 FC111520CALL@MW+20BP

94.14 1.83%
CHARLES SCHWAB CORP 2,000,000.00 99.49 1,989,860.00 1,766,220.00 0.00 -223,640.00 -11.24% 18,000.00 1.02% 1.57%NTS 00.900% 031126DTD121120 FC031121CALL@MW+10BP

88.19 1.68%
COMCAST CORP NEW B/E 1,000,000.00 104.63 1,046,265.89 969,565.00 -72,875.38 -76,700.89 -7.33% 33,750.00 3.51% 0.86%03.375% 081525DTD052715 FC081515CALL@MW+20BP

96.24 0.92%
E I DU PONT DE NEMOURS 2,141,000.00 101.27 2,168,246.94 2,004,673.02 -38,547.10 -163,573.92 -7.54% 36,397.00 1.83% 1.78%01.700% 071525DTD051520 FC011521CALL@MW+25BP

93.13 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.Accrued interest, if any, has been included in the total market value.Report created on: November 01, 2023 Page 17 of 41 Item #8. Page 20
Meeting Date: 11/28/2023 / Packet Page #: 56
Consolidated report prepared for City of Glendora
Portfolio Holdingsas of October 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 10/31/2023
Price on
10/31/2023
($)
% of
Fixed
Income
% of
portfolio
US
Corporate IG Credit
HONEYWELL INTL NTS B/E 1,122,000.00 100.99 1,133,064.92 1,098,388.13 -47,979.76 -34,676.79 -3.06% 25,806.00 2.36% 0.98%02.300% 081524DTD080819CALL@MW+10BP

97.41 1.05%
IBM CORP NTS B/E 03.000% 1,664,000.00 101.18 1,683,597.28 1,662,374.83 -119,230.52 -21,222.45 -1.26% 49,920.00 3.05% 1.48%051524 DTD051519FC111519CALL@MW+15BP

98.52 1.58%
INTEL CORP NTS B/E 1,054,000.00 103.96 1,095,727.88 1,025,963.60 -91,959.54 -69,764.28 -6.37% 35,836.00 3.51% 0.91%03.400% 032525DTD032520CALL@MW+45BP

97.00 0.98%
JOHN DEERE CAPITAL CORP 1,124,000.00 101.81 1,144,372.56 1,086,748.14 -48,643.41 -57,624.42 -5.04% 23,042.00 2.13% 0.97%02.050% 010925DTD010920 FC070920 NTSB/E

96.05 1.04%
JOHN DEERE CPTL CORP 2,000,000.00 100.09 2,001,747.73 1,807,622.22 -2,154.45 -194,125.51 -9.70% 14,000.00 0.78% 1.61%00.700% 011526DTD010721 FC071521 MEDTERM NTS

90.18 1.72%
JPMORGAN CHASE & CO 1,200,000.00 100.00 1,200,000.00 1,058,525.33 0.00 -141,474.67 -11.79% 9,600.00 0.91% 0.94%00.800% 022626DTD022621 FC082621 MEDTERM NTS

88.07 1.01%
JPMORGAN CHASE & CO 1,017,000.00 102.50 1,042,387.13 992,446.51 -67,521.91 -49,940.62 -4.79% 31,781.25 3.23% 0.88%B/E 03.125% 012325DTD012315 FC072315

96.74 0.95%
MASTERCARD INC NTS B/E 2,000,000.00 101.16 2,023,215.78 1,917,784.44 -59,471.99 -105,431.34 -5.21% 40,000.00 2.09% 1.71%02.000% 030325DTD120319 FC030320CALL@MW+10BP

95.57 1.83%
MICROSOFT CORP B/E 1,000,000.00 102.74 1,027,399.56 973,215.00 -67,029.56 -54,184.56 -5.27% 27,000.00 2.79% 0.87%02.700% 021225DTD021215 FC081215CALL@MW+12.5BP

96.73 0.93%
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.Accrued interest, if any, has been included in the total market value.Report created on: November 01, 2023 Page 18 of 41 Item #8. Page 21
Meeting Date: 11/28/2023 / Packet Page #: 57
Consolidated report prepared for City of Glendora
Portfolio Holdingsas of October 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 10/31/2023
Price on
10/31/2023
($)
% of
Fixed
Income
% of
portfolio
US
Corporate IG Credit
MORGAN STANLEY FIN LLC 2,000,000.00 100.00 2,000,000.00 1,711,273.33 0.00 -288,726.67 -14.44% 21,000.00 1.23% 1.52%01.050% 082726DTD082721 FC022722 MEDTERM NTS

85.38 1.63%
TARGET CORP NTS B/E 2,000,000.00 102.00 2,040,068.58 1,911,340.00 -92,307.40 -128,728.58 -6.31% 45,000.00 2.36% 1.70%02.250% 041525DTD033120 FC101520CALL@MW+30BP

95.47 1.82%
TOYOTA MOTOR CRDT 2,000,000.00 99.45 1,988,920.00 1,916,506.67 0.00 -72,413.33 -3.64% 12,500.00 0.65% 1.71%CORP 00.625% 091324DTD091321 FC031322 NTSB/E

95.74 1.83%
TRUIST BANK NTS B/E 1,386,000.00 100.90 1,398,406.28 1,335,965.01 -39,973.99 -62,441.27 -4.47% 29,799.00 2.25% 1.19%02.150% 120624DTD120619 FC060620

95.52 1.27%
UNITED HEALTH GROUP INC 2,000,000.00 100.12 2,002,457.51 1,816,285.56 -2,305.13 -186,171.95 -9.30% 23,000.00 1.27% 1.62%01.150% 051526DTD051921 FC111521CALL@MW+07.50BP

90.28 1.73%
Total Corporate IG Credit $30,036,516.10 $27,909,967.89 $-800,489.83 $-2,126,548.21 -7.08% $513,808.25 1.84% 26.60% 24.84% Total US $104,932,683.18 $-830,090.34 93.37% $111,821,463.70 $-6,888,780.52 -6.16% $1,964,228.25 1.87% 100.00% $104,932,683.18 $-830,090.34 93.37% $111,821,463.70 Total Fixed Income $-6,888,780.52 -6.16% $1,964,228.25 1.87% 100.00% Total Portfolio $112,380,449.52 $-6,888,780.52 -5.90% $2,092,600.61 1.86% 100% $116,817,653.40 100% Unrealized
gain/loss
(%)
Unrealized
gain/loss ($)
% of
asset
class
Est. annual
Cost basis ($) income ($)
Current
Market value ($) yield (%)
% of
portfolio
Total accrued interest (included in market values): $402,995.60 Balanced mutual funds represented in multiple asset classes based on Morningstar allocations.

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.Accrued interest, if any, has been included in the total market value.Report created on: November 01, 2023 Page 19 of 41 Item #8. Page 22
Meeting Date: 11/28/2023 / Packet Page #: 58
Consolidated report prepared for City of Glendora
Bond Holdingsas of October 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 3 2,450,000 15,847.50 0.65% 5.68% 5.68% 0.13 2,450,688.3 -17,057.40 2,436,936.76

2.33%
2024 32 20,284,000 413,020.50 2.10% 5.68% 5.68% 0.79 20,281,414.43 -614,726.11 19,775,345.30

18.81%
2025 51 44,073,000 556,338.75 1.35% 5.47% 5.47% 1.58 44,344,003.33 -3,170,896.47 41,293,463.07

39.39%
2026 31 28,540,000 389,885.00 1.51% 5.67% 5.67% 2.44 28,484,502.62 -2,678,565.07 25,889,782.19

24.69%
2027 12 9,665,000 228,651.50 2.59% 5.23% 5.23% 3.13 9,525,845.63 -690,758.73 8,876,621.10

8.45%
2028 7 6,735,000 360,485.00 5.45% 5.82% 5.82% 3.83 6,735,009.39 -119,772.34 6,660,534.75

6.33%
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 136 111,747,000 $1,964,228.25 1.88% 5.55% 5.55% 1.83 $111,821,463.70 $-7,291,776.12 $104,932,683.18Includes all fixed-rate securities in the selected portfolio. Average yields and durations exclude Structured Product, Pass-Through, Perpetual Preferred, and Foreign securities.Accrued interest, if any, has been included in the total market value.Report created on: November 01, 2023 Page 20 of 41 Item #8. Page 23
Meeting Date: 11/28/2023 / Packet Page #: 59
Consolidated report prepared for City of Glendora
Bond Holdingsas of October 31, 2023 (continued)
Effective rating/
Underlying rating
(Mdy/Fitch/S&P)
Mkt. value ($)/
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 ($)

5.55%5.55%
10/31/2025 N/A 1.83$111,821,463.7 N/A $104,529,687.58
$-7,291,776.12
111,747,000

1.88% $402,995.60

1.79% $1,964,228.25 100%
$104,932,683.18
Total Bond Portfolio
Details of Bond Holdings
Est. annual
income ($)/
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 99.691
1,768.70

1.70%

1.71% -757.05
11/29/2023 0.08 244,242.95 0.23%

5.58%
BAY ST SVGS BK MA US RT 4,165.00 5.58%01.7000% MAT 11/29/23FIXED RATE CD /MA CD
205,000 205,688.30 99.799

20.50 3.65%

3.66% -1,100.35
12/11/2023 0.11 204,587.95 0.20%

5.45%
VYSTAR CREDIT UNIO FL US 7,482.50 5.45%RT 03.6500% MAT 12/11/23LICU SHARE CERTIFICATE /FL CD
2,000,000 2,000,000.00 99.240
1,516.67

0.21%

0.21% -15,200.00
12/21/2023 0.14 1,984,800.00 1.90%

5.72%
4,200.00 5.72%

NR/NR/NR
FFCB BOND 00.210 % DUE Aaa/AA+/AA+122123 DTD 122120 FC06212021 Total 2023 2,450,000 0.65% 12/18/2023 $15,847.50

0.65%

5.68%5.68%

0.13 $2,450,688.30
$-17,057.40
$2,433,630.90
$3,305.86

2.33%
Maturing 2024
Effective rating/
Underlying rating
(Mdy/Fitch/S&P) Quantity Coupon
Effective
maturity
Call date/
Call price ($)
Est. annual
income ($)/
Curr. yield (%)
YTM (%)/
YTW (%)
Modified
duration
Market
price ($)
Mkt. value ($)/
Accr. interest ($)
% of
bond
port.

Adjusted
cost basis ($)/
Unreal. g/l ($)
245,000 245,000.00 99.884
131.56

4.90%

4.91% -284.20
01/26/2024 0.24 244,715.80 0.23%

5.39%
WORKERS CREDIT UNI MA 12,005.00 5.39%US RT 04.9000% MAT01/26/24 LICU SHARECERTIFICATE /MA CD
245,000 245,000.00 99.241
1,530.41

2.85%

2.87% -1,859.55
02/12/2024 0.28 243,140.45 0.23%

5.53%
HOME SAVINGS BANK UT US 6,982.50 5.53%RT 02.8500% MAT 02/12/24FIXED RATE CD /UT CD
245,000 245,000.00 99.254
306.08

2.85%

2.87% -1,827.70
02/15/2024 0.29 243,172.30 0.23%

5.43%
BANK OF NEW ENGLAN NH 6,982.50 5.43%US RT 02.8500% MAT02/15/24 FIXED RATE CD /NH CD
Includes all fixed-rate securities in the selected portfolio. Average yields and durations exclude Structured Product, Pass-Through, Perpetual Preferred, and Foreign securities.Accrued interest, if any, has been included in the total market value.Report created on: November 01, 2023 Page 21 of 41 Item #8. Page 24
Meeting Date: 11/28/2023 / Packet Page #: 60
Consolidated report prepared for City of Glendora
Bond Holdingsas of October 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 ($)/
Unreal. g/l ($)
245,000 245,000.00 99.218
210.43

2.85%

2.87% -1,915.90
02/21/2024 0.31 243,084.10 0.23%

5.41%
FIRST N/B MCGREG TX US RT 6,982.50 5.41%02.8500% MAT 02/21/24FIXED RATE CD /TX CD
245,000 245,000.00 99.877
1,026.99

5.10%

5.11% -301.35
03/08/2024 0.35 244,698.65 0.23%

5.45%
LIBERTY FED CREDIT IN US RT 12,495.00 5.45%05.1000% MAT 03/08/24LICU SHARE CERTIFICATE /IN CD
245,000 245,000.00 98.517
162.44

2.20%

2.23% -3,633.35
04/17/2024 0.45 241,366.65 0.23%

5.49%
BEAL BANK - PLANO TX US 5,390.00 5.49%RT 02.2000% MAT 04/17/24FIXED RATE CD /TX CD
1,664,000 1,683,597.28 98.519
23,018.67

3.00%

3.05% -44,241.12
05/15/2024 0.52 1,639,356.16 1.57%

5.83%
49,920.00 5.83%

NR/NR/NR
A3/WD/A- IBM CORP NTS B/E 03.000%
051524 DTD051519FC111519 CALL@MW+15BP
245,000 245,000.00 97.054

0.00 0.30%

0.31% -7,217.70
05/28/2024 0.57 237,782.30 0.23%

5.52%
CONNEXUS CREDIT UN WI 735.00 5.52%US RT 00.3000% MAT05/28/24 CREDIT UNIONSHARE CERT /WI CD
245,000 245,000.00 97.098
366.49

0.35%

0.36% -7,109.90
05/28/2024 11/28/2023 0.56 237,890.10 0.23%

5.55%5.55%
100.00
WEBBANK UT US RT 857.5000.3500% MAT 05/28/24FIXED RATE CD /UT CD
240,000 240,000.00 98.282
187.40

2.85%

2.90% -4,123.20
06/21/2024 11/21/2023 0.63 235,876.80 0.23%

5.59%5.59%
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 97.836
1,374.35

2.25%

2.30% -5,301.80
06/28/2024 0.64 239,698.20 0.23%

5.62%
COMMUNITYWIDE FED IN US 5,512.50 5.62%RT 02.2500% MAT 06/28/24FIXED RATE CD /IN CD
2,000,000 2,000,000.00 98.352
20,841.67

3.05%

3.10% -32,960.00
06/28/2024 12/28/2023 0.63 1,967,040.00 1.88%

5.63%5.63%
100.00
61,000.00

NR/NR/NR
FHLMC MED TERM NTS Aaa/AA+/AA+03.050 % DUE 062824 DTD062822 FC 12282022 245,000 245,000.00 98.476
2,705.07

3.25%

3.30% -3,733.80
07/01/2024 0.64 241,266.20 0.23%

5.59%
OCEANFIRST BK NA NJ US RT 7,962.50 5.59%03.2500% MAT 07/01/24FIXED RATE CD /NJ CD
245,000 245,000.00 99.827
4,991.62

5.35%

5.36% -423.85
07/05/2024 0.65 244,576.15 0.23%

5.59%
CADENCE BANK MS US RT 13,107.50 5.59%05.3500% MAT 07/05/24FIXED RATE CD /MS CD
Includes all fixed-rate securities in the selected portfolio. Average yields and durations exclude Structured Product, Pass-Through, Perpetual Preferred, and Foreign securities.Accrued interest, if any, has been included in the total market value.Report created on: November 01, 2023 Page 22 of 41 Item #8. Page 25
Meeting Date: 11/28/2023 / Packet Page #: 61
Consolidated report prepared for City of Glendora
Bond Holdingsas of October 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 ($)/
Unreal. g/l ($)
245,000 245,000.00 99.724
528.60

5.25%

5.26% -676.20
07/16/2024 0.69 244,323.80 0.23%

5.65%
VIGO CNTY FED CR U IN US 12,862.50 5.65%RT 05.2500% MAT 07/16/24LICU SHARE CERTIFICATE /IN CD
245,000 245,000.00 98.263
2,001.28

3.35%

3.41% -4,255.65
08/05/2024 0.74 240,744.35 0.23%

5.69%
SALLIE MAE BANK UT US RT 8,207.50 5.69%03.3500% MAT 08/05/24FIXED RATE CD /UT CD
1,122,000 1,133,064.92 97.410
5,447.93

2.30%

2.36% -40,124.72
08/15/2024 07/15/2024 0.76 1,092,940.20 1.05%

5.70%5.70%
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 97.594
4,969.43

2.38%

2.43% -21,127.75
08/15/2024 0.76 975,940.00 0.93%

5.52%
23,750.00 5.52%

NR/NR/NR
US TSY NOTE 02.375 % DUE Aaa/AA+/NR08/15/24 DTD 08/15/14 FC02/15/15 245,000 245,000.00 97.090
939.73

2.00%

2.06% -7,129.50
08/22/2024 0.78 237,870.50 0.23%

5.72%
MORGAN STANLEY PRV NY 4,900.00 5.72%US RT 02.0000% MAT08/22/24 FIXED RATE CD /NY CD
245,000 245,000.00 96.894

0.00 1.85%

1.91% -7,609.70
08/30/2024 0.82 237,390.30 0.23%

5.68%
FIRST NATL BK KS US RT 4,532.50 5.68%01.8500% MAT 08/30/24FIXED RATE CD /KS CD
245,000 245,000.00 96.854

0.00 1.80%

1.86% -7,707.70
08/30/2024 0.82 237,292.30 0.23%

5.68%
FIRST ST BK AR US RT 4,410.00 5.68%01.8000% MAT 08/30/24FIXED RATE CD /AR CD
250,000 250,000.00 99.575
2,145.42

5.15%

5.17% -1,062.50
09/01/2024 0.80 248,937.50 0.24%

5.67%
12,872.50 5.67%

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 95.742
1,666.67

0.63%

0.65% -74,080.00
09/13/2024 0.84 1,914,840.00 1.83%

5.73%
12,500.00 5.73%

NR/NR/NR
TOYOTA MOTOR CRDT A1/A+/A+CORP 00.625% 091324DTD091321 FC031322 NTSB/E 2,000,000 2,000,000.00 95.546
928.89

0.44%

0.46% -89,080.00
09/23/2024 0.87 1,910,920.00 1.83%

5.61%
8,800.00 5.61%

NR/NR/NR
FFCB BOND 00.440 % DUE Aaa/AA+/AA+092324 DTD 092321 FC03232022 248,000 251,321.70 96.801
516.38

2.00%

2.07% -11,255.22
09/23/2024 0.87 240,066.48 0.23%

5.70%
MONEY ONE FED CRED MD 4,960.00 5.70%US RT 02.0000% MAT09/23/24 FIXED RATE CD/MD CD
Includes all fixed-rate securities in the selected portfolio. Average yields and durations exclude Structured Product, Pass-Through, Perpetual Preferred, and Foreign securities.Accrued interest, if any, has been included in the total market value.Report created on: November 01, 2023 Page 23 of 41 Item #8. Page 26
Meeting Date: 11/28/2023 / Packet Page #: 62
Consolidated report prepared for City of Glendora
Bond Holdingsas of October 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 ($)/
Unreal. g/l ($)
219,000 219,000.00 96.121

0.00 1.70%

1.77% -8,495.01
10/31/2024 N/A 210,504.99 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 96.161
2,126.47

1.80%

1.87% -9,405.55
11/08/2024 0.98 235,594.45 0.23%

5.71%
RAYMOND JAMES BK N FL 4,410.00 5.71%US RT 01.8000% MAT11/08/24 FIXED RATE CD /FL CD
245,000 245,000.00 96.142
2,081.16

1.95%

2.03% -9,452.10
11/25/2024 1.03 235,547.90 0.23%

5.71%
THIRD FED S&L ASSN OH US 4,777.50 5.71%RT 01.9500% MAT 11/25/24FIXED RATE CD /OH CD
245,000 245,000.00 95.869

23.49 1.75%

1.83% -10,120.95
11/29/2024 1.07 234,879.05 0.22%

5.70%
MCHENRY SVGS BK IL US RT 4,287.50 5.70%01.7500% MAT 11/29/24FIXED RATE CD /IL CD
1,386,000 1,398,406.28 95.524
12,002.37

2.15%

2.25% -74,443.64
12/06/2024 11/06/2024 1.05 1,323,962.64 1.27%

6.44%6.44%
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 95.110
7,652.22

0.97%

1.02% -97,800.00
12/09/2024 1.07 1,902,200.00 1.82%

5.59%
19,400.00 5.59%

NR/NR/NR
FEDERAL FARM CREDIT Aaa/AA+/AA+BANK 00.970 % DUE120924 DTD 120921 FC06092022 1,500,000 1,465,036.50 95.938
8,773.78

1.75%

1.82% -25,966.50
12/31/2024 1.12 1,439,070.00 1.38%

5.39%
26,250.00 5.39%

NR/NR/NR
US TSY NOTE 01.750 % DUE NR/AA+/NR12/31/24 DTD 12/31/19 FC06/30/20 Total 2024 20,284,000 2.05% 08/26/2024 $413,020.50

2.10%

5.68%5.68%

0.79$20,281,414.43
$-614,726.11
$19,666,688.32
$108,656.98

18.81%
Includes all fixed-rate securities in the selected portfolio. Average yields and durations exclude Structured Product, Pass-Through, Perpetual Preferred, and Foreign securities.Accrued interest, if any, has been included in the total market value.Report created on: November 01, 2023 Page 24 of 41 Item #8. Page 27
Meeting Date: 11/28/2023 / Packet Page #: 63
Consolidated report prepared for City of Glendora
Bond Holdingsas of October 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 1,144,372.56 96.048
7,168.62

2.05%

2.13% -64,793.04
01/09/2025 1.14 1,079,579.52 1.03%

5.53%
23,042.00 5.53%

NR/NR/NR
JOHN DEERE CAPITAL CORP A2/A+/A02.050% 010925DTD010920 FC070920 NTSB/E 1,017,000 1,042,387.13 96.735
8,651.56

3.13%

3.23% -58,592.18
01/23/2025 10/23/2024 1.17 983,794.95 0.94%

5.92%5.92%
100.00
31,781.25

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

03.125% 012325DTD012315 FC072315
1,000,000 1,027,399.56 96.729
5,925.00

2.70%

2.79% -60,109.56
02/12/2025 11/12/2024 1.23 967,290.00 0.93%

5.37%5.37%
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 94.795

42.96 1.60%

1.69% -12,752.25
02/27/2025 1.31 232,247.75 0.22%

5.68%
BELL ST B&T ND US RT 3,920.00 5.68%01.6000% MAT 02/27/25FIXED RATE CD /ND CD
245,000 245,000.00 94.859

44.30 1.65%

1.74% -12,595.45
02/27/2025 1.31 232,404.55 0.22%

5.68%
CITADEL FED CREDIT PA US 4,042.50 5.68%RT 01.6500% MAT 02/27/25CREDIT UNION SHARE CERT/PA CD
2,000,000 2,023,215.78 95.567
6,444.44

2.00%

2.09% -111,875.78
03/03/2025 02/03/2025 1.29 1,911,340.00 1.83%

5.48%5.48%
100.00
40,000.00

NR/NR/NR
MASTERCARD INC NTS B/E Aa3/NR/A+02.000% 030325DTD120319 FC030320CALL@MW+10BP 245,000 245,142.82 95.019
688.68

1.80%

1.89% -12,346.27
03/04/2025 1.29 232,796.55 0.22%

5.70%
BMW BANK NORTH AME UT 4,410.00 5.70%US RT 01.8000% MAT03/04/25 FIXED RATE CD /UT CD
245,000 245,000.00 93.772

80.55 1.00%

1.07% -15,258.60
03/19/2025 1.37 229,741.40 0.22%

5.69%
SOMERSET TRUST CO PA US 2,450.00 5.69%RT 01.0000% MAT 03/19/25FIXED RATE CD /PA CD
1,054,000 1,095,727.88 97.000
3,583.60

3.40%

3.51% -73,347.88
03/25/2025 02/25/2025 1.34 1,022,380.00 0.98%

5.66%5.66%
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 95.082
483.29

2.00%

2.10% -12,049.10
03/25/2025 1.35 232,950.90 0.22%

5.70%
SYNCHRONY BANK UT US RT 4,900.00 5.70%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.Accrued interest, if any, has been included in the total market value.Report created on: November 01, 2023 Page 25 of 41 Item #8. Page 28
Meeting Date: 11/28/2023 / Packet Page #: 64
Consolidated report prepared for City of Glendora
Bond Holdingsas of October 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 93.812

29.53 1.10%

1.17% -15,160.60
03/27/2025 1.39 229,839.40 0.22%

5.70%
SAN FRANCISCO FED CA US 2,695.00 5.70%RT 01.1000% MAT 03/27/25LICU SHARE CERTIFICATE/CA CD
245,000 245,000.00 93.884
139.62

1.30%

1.38% -14,984.20
04/15/2025 1.44 230,015.80 0.22%

5.69%
HORIZON BK NE US RT 3,185.00 5.69%01.3000% MAT 04/15/25FIXED RATE CD /NE CD
2,000,000 2,040,068.58 95.467
2,000.00

2.25%

2.36% -130,728.58
04/15/2025 03/15/2025 1.40 1,909,340.00 1.83%

5.53%5.53%
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 93.980
135.92

1.35%

1.44% -14,749.00
04/16/2025 1.41 230,251.00 0.22%

5.71%
PACIFIC WSTN BK CA US RT 3,307.50 5.71%01.3500% MAT 04/16/25FIXED RATE CD /CA CD
2,000,000 2,000,000.00 93.402
394.44

0.71%

0.76% -131,960.00
04/21/2025 1.43 1,868,040.00 1.79%

5.43%
14,200.00 5.43%

NR/NR/NR
FFCB BOND 00.710 % DUE Aaa/AA+/AA+042125 DTD 042121 FC10212021 245,000 245,000.00 93.336

6.71 1.00%

1.07% -16,326.80
04/30/2025 1.45 228,673.20 0.22%

5.71%
CENTERSTATE BK NA FL US 2,450.00 5.71%RT 01.0000% MAT 04/30/25FIXED RATE CD /FL CD
245,000 245,000.00 93.406

7.05 1.05%

1.12% -16,155.30
04/30/2025 1.45 228,844.70 0.22%

5.71%
FLAGSTAR BANK, FSB MI US 2,572.50 5.71%RT 01.0500% MAT 04/30/25FIXED RATE CD /MI CD
245,000 245,000.00 93.576

8.05 1.20%

1.28% -15,738.80
04/30/2025 1.48 229,261.20 0.22%

5.68%
PACIFIC CREST SVGS WA US 2,940.00 5.68%RT 01.2000% MAT 04/30/25FIXED RATE CD /WA CD
245,000 245,000.00 92.845

96.66 0.80%

0.86% -17,529.75
05/13/2025 1.52 227,470.25 0.22%

5.68%
SAVOY BK NY US RT 1,960.00 5.68%00.8000% MAT 05/13/25FIXED RATE CD /NY CD
2,026,000 2,049,225.47 94.139
13,546.06

1.45%

1.54% -141,969.33
05/15/2025 1.48 1,907,256.14 1.82%

5.47%
29,377.00 5.47%

NR/NR/NR
CATERPILLAR FINL SERVICE A2/A+/A01.450% 051525DTD051520 FC111520CALL@MW+20BP 245,000 245,000.00 92.821

85.92 0.80%

0.86% -17,588.55
05/15/2025 1.52 227,411.45 0.22%

5.68%
ENCORE BANK AR US RT 1,960.00 5.68%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.Accrued interest, if any, has been included in the total market value.Report created on: November 01, 2023 Page 26 of 41 Item #8. Page 29
Meeting Date: 11/28/2023 / Packet Page #: 65
Consolidated report prepared for City of Glendora
Bond Holdingsas of October 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 93.074
6,120.00

0.68%

0.73% -138,520.00
05/19/2025 1.50 1,861,480.00 1.78%

5.40%
13,600.00 5.40%

NR/NR/NR
FFCB BOND 00.680 % DUE Aaa/AA+/AA+051925 DTD 051921 FC11192021 2,000,000 2,000,000.00 92.933
5,354.44

0.61%

0.66% -141,340.00
05/23/2025 1.51 1,858,660.00 1.78%

5.39%
12,200.00 5.39%

NR/NR/NR
FFCB BOND 00.610 % DUE Aaa/AA+/AA+052325 DTD 082321 FC11232021 2,000,000 2,000,000.00 93.062
6,205.00

0.73%

0.78% -138,760.00
05/28/2025 11/28/2023 1.52 1,861,240.00 1.78%

5.38%5.38%
100.00
14,600.00

NR/NR/NR
FHLMC MED TERM NTS Aaa/AA+/NR00.730 % DUE 052825 DTD052820 FC 11282020 1,000,000 1,001,552.59 93.098
3,288.89

0.80%

0.86% -70,572.59
06/03/2025 05/03/2025 1.53 930,980.00 0.89%

5.39%5.39%
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 92.915
575.92

0.60%

0.65% -17,358.25
06/10/2025 1.56 227,641.75 0.22%

5.24%
STOCKMAN BK MT US RT 1,470.00 5.24%00.6000% MAT 06/10/25FIXED RATE CD /MT CD
2,000,000 2,000,000.00 92.664
4,500.00

0.60%

0.65% -146,720.00
06/16/2025 1.57 1,853,280.00 1.77%

5.37%
12,000.00 5.37%

NR/NR/NR
FFCB BOND 00.600 % DUE Aaa/AA+/AA+061625 DTD 061621 FC12162021 245,000 245,000.00 92.332

52.36 0.65%

0.70% -18,786.60
06/19/2025 1.62 226,213.40 0.22%

5.57%
ENERBANK UT US RT 1,592.50 5.57%00.6500% MAT 06/19/25FIXED RATE CD /UT CD
245,000 245,000.00 92.330

48.33 0.60%

0.65% -18,791.50
06/19/2025 1.62 226,208.50 0.22%

5.52%
MORTON CMNTY BK IL US 1,470.00 5.52%RT 00.6000% MAT 06/19/25FIXED RATE CD /IL CD
245,000 245,000.00 92.243

20.14 0.60%

0.65% -19,004.65
06/26/2025 1.64 225,995.35 0.22%

5.52%
FIRST CAROLINA BK NC US 1,470.00 5.52%RT 00.6000% MAT 06/26/25FIXED RATE CD /NC CD
2,000,000 2,000,000.00 92.564
4,166.67

0.63%

0.68% -148,720.00
06/30/2025 06/30/2024 1.61 1,851,280.00 1.77%

5.35%5.35%
100.00
12,500.00

NR/NR/NR
FHLB BOND 00.625 % DUE Aaa/NR/AA+063025 DTD 063021 FC12302021 2,141,000 2,168,246.94 93.132
10,716.90

1.70%

1.83% -174,290.82
07/15/2025 06/15/2025 1.63 1,993,956.12 1.91%

5.99%5.99%
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.Accrued interest, if any, has been included in the total market value.Report created on: November 01, 2023 Page 27 of 41 Item #8. Page 30
Meeting Date: 11/28/2023 / Packet Page #: 66
Consolidated report prepared for City of Glendora
Bond Holdingsas of October 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 92.241
1,361.11

0.50%

0.54% -76,090.00
07/23/2025 1.68 922,410.00 0.88%

5.26%
5,000.00 5.26%

NR/NR/NR
FHLMC MED TERM NTS Aaa/AA+/NR00.500 % DUE 072325 DTD072320 FC 01232021 245,000 245,000.00 91.500

3.69 0.55%

0.60% -20,825.00
07/30/2025 1.73 224,175.00 0.21%

5.67%
MEDALLION BK UT US RT 1,347.50 5.67%00.5500% MAT 07/30/25FIXED RATE CD /UT CD
1,000,000 999,950.00 91.880
1,069.44

0.50%

0.54% -81,150.00
08/14/2025 11/14/2023 1.73 918,800.00 0.88%

5.33%5.33%
100.00
5,000.00

NR/NR/NR
FNMA NTS 00.500 % DUE Aaa/AA+/AA+081425 DTD 081420 FC02142021 1,000,000 1,046,265.89 96.244
7,125.00

3.38%

3.51% -83,825.89
08/15/2025 05/15/2025 1.69 962,440.00 0.92%

5.61%5.61%
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 90.914

13.42 0.40%

0.44% -22,260.70
08/26/2025 1.81 222,739.30 0.21%

5.66%
COMMUNITY BK TN US RT 980.00 5.66%00.4000% MAT 08/26/25FIXED RATE CD /TN CD
245,000 245,000.00 90.888

8.05 0.40%

0.44% -22,324.40
08/28/2025 1.81 222,675.60 0.21%

5.66%
BANK3 TENNESSEE TN US RT 980.00 5.66%00.4000% MAT 08/28/25FIXED RATE CD /TN CD
988,000 983,948.13 97.703
6,792.50

4.13%

4.22% -18,642.49
08/28/2025 11/28/2023 1.72 965,305.64 0.92%

5.46%5.46%
100.00
40,755.00

NR/NR/NR
FNMA NTS 04.125 % DUE Aaa/AA+/AA+082825 DTD 083022 FC02282023 245,000 245,000.00 90.888

80.55 0.40%

0.44% -22,324.40
08/29/2025 1.81 222,675.60 0.21%

5.66%
HOME LN INVT BK RI US RT 980.00 5.66%00.4000% MAT 08/29/25FIXED RATE CD /RI CD
2,000,000 2,000,000.00 91.900
1,686.67

0.66%

0.72% -162,000.00
09/15/2025 1.81 1,838,000.00 1.76%

5.26%
13,200.00 5.26%

NR/NR/NR
FFCB BOND 00.660 % DUE Aaa/AA+/AA+091525 DTD 091521 FC03152022 245,000 245,000.00 90.579

24.16 0.40%

0.44% -23,081.45
09/22/2025 12/22/2023 1.88 221,918.55 0.21%

5.65%5.65%
100.00
AMERICAN COMM BK GA 980.00US RT 00.4000% MAT09/22/25 FIXED RATE CD /GA CD
108,000 108,000.00 90.668

40.39 0.35%

0.39% -10,078.56
09/22/2025 1.84 97,921.44 0.09%

5.61%
CHAMBERS BANK AK US RT 378.00 5.61%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.Accrued interest, if any, has been included in the total market value.Report created on: November 01, 2023 Page 28 of 41 Item #8. Page 31
Meeting Date: 11/28/2023 / Packet Page #: 67
Consolidated report prepared for City of Glendora
Bond Holdingsas of October 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 90.711
107.40

0.50%

0.55% -22,758.05
09/29/2025 12/29/2023 1.88 222,241.95 0.21%

5.65%5.65%
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 91.089
145.66

0.70%

0.77% -21,831.95
09/30/2025 03/31/2024 1.85 223,168.05 0.21%

5.67%5.67%
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 97.843
332.26

4.50%

4.60% -5,284.65
10/20/2025 11/20/2023 1.88 239,715.35 0.23%

5.66%5.66%
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 90.236

32.22 0.60%

0.66% -23,921.80
10/23/2025 11/23/2023 1.96 221,078.20 0.21%

5.83%5.83%
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 91.284
120.00

0.54%

0.59% -174,320.00
10/27/2025 10/27/2024 1.93 1,825,680.00 1.75%

5.21%5.21%
100.00
10,800.00

NR/NR/NR
FNMA NTS 00.540 % DUE Aaa/AA+/AA+102725 DTD 102720 FC04272021 2,000,000 2,000,000.00 91.097
5,102.22

0.56%

0.61% -178,060.00
11/17/2025 11/17/2023 1.98 1,821,940.00 1.74%

5.21%5.21%
100.00
11,200.00

NR/NR/NR
FNMA NTS 00.560 % DUE Aaa/AA+/AA+111725 DTD 111720 FC05172021 2,000,000 2,000,000.00 91.101
5,233.33

0.60%

0.66% -177,980.00
11/24/2025 2.00 1,822,020.00 1.74%

5.20%
12,000.00 5.20%

NR/NR/NR
FFCB BOND 00.600 % DUE Aaa/AA+/AA+112425 DTD 112420 FC05242021 245,000 245,000.00 89.934
466.51

0.50%

0.56% -24,661.70
12/15/2025 2.06 220,338.30 0.21%

5.59%
BK HAPOALIM BM NY US RT 1,225.00 5.59%00.5000% MAT 12/15/25FIXED RATE CD /NY CD
Total 2025 44,073,000 1.28% 06/20/2025 $556,338.75

1.35%

5.47%5.47%

1.58$44,344,003.33
$-3,170,896.47
$41,173,106.86
$120,356.21

39.39%
Includes all fixed-rate securities in the selected portfolio. Average yields and durations exclude Structured Product, Pass-Through, Perpetual Preferred, and Foreign securities.Accrued interest, if any, has been included in the total market value.Report created on: November 01, 2023 Page 29 of 41 Item #8. Page 32
Meeting Date: 11/28/2023 / Packet Page #: 68
Consolidated report prepared for City of Glendora
Bond Holdingsas of October 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 2,001,747.73 90.175
4,122.22

0.70%

0.78% -198,247.73
01/15/2026 2.13 1,803,500.00 1.73%

5.49%
14,000.00 5.49%

NR/NR/NR
JOHN DEERE CPTL CORP A2/A+/A00.700% 011526DTD010721 FC071521 MEDTERM NTS 1,175,000 1,175,000.00 98.957
16,260.69

5.30%

5.36% -12,255.25
01/27/2026 01/27/2024 2.05 1,162,744.75 1.11%

5.80%5.80%
100.00
62,275.00

NR/NR/NR
FHLMC MED TERM NTS Aaa/AA+/AA+05.300 % DUE 012726 DTD012723 FC 07272023 245,000 245,000.00 97.272
2,567.47

4.25%

4.37% -6,683.60
02/02/2026 2.10 238,316.40 0.23%

5.54%
MORGAN STANLEY BK UT US 10,412.50 5.54%RT 04.2500% MAT 02/02/26FIXED RATE CD /UT CD
1,200,000 1,200,000.00 88.066
1,733.33

0.80%

0.91% -143,208.00
02/26/2026 02/26/2024 2.23 1,056,792.00 1.01%

6.42%6.42%
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 96.319
2,066.05

3.80%

3.95% -9,018.45
03/11/2026 11/11/2023 2.21 235,981.55 0.23%

5.48%5.48%
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 88.186
2,500.00

0.90%

1.02% -226,140.00
03/11/2026 02/11/2026 2.26 1,763,720.00 1.69%

6.37%6.37%
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 89.637
230.90

0.80%

0.89% -25,389.35
03/18/2026 12/18/2023 2.32 219,610.65 0.21%

5.47%5.47%
100.00
BMO HARRIS BK NA IL US RT 1,960.0000.8000% MAT 03/18/26FIXED RATE CD /IL CD
245,000 245,000.00 99.062
372.87

5.05%

5.10% -2,298.10
03/20/2026 2.24 242,701.90 0.23%

5.47%
AFFINITY PLUS MN US RT 12,372.50 5.47%05.0500% MAT 03/20/26LICU SHARE CERTIFICATE/MN CD
245,000 245,000.00 98.950
369.18

5.00%

5.05% -2,572.50
03/20/2026 2.24 242,427.50 0.23%

5.47%
VALLEYSTAR CR UN M VA 12,250.00 5.47%US RT 05.0000% MAT03/20/26 LICU SHARECERTIFICATE /VA CD
Includes all fixed-rate securities in the selected portfolio. Average yields and durations exclude Structured Product, Pass-Through, Perpetual Preferred, and Foreign securities.Accrued interest, if any, has been included in the total market value.Report created on: November 01, 2023 Page 30 of 41 Item #8. Page 33
Meeting Date: 11/28/2023 / Packet Page #: 69
Consolidated report prepared for City of Glendora
Bond Holdingsas of October 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 ($)/
Unreal. g/l ($)
245,000 245,000.00 98.966
1,006.85

5.00%

5.05% -2,533.30
03/23/2026 2.25 242,466.70 0.23%

5.46%
TECHNOLOGY CREDIT CA US 12,250.00 5.46%RT 05.0000% MAT 03/23/26CREDIT UNION SHARE CERT/CA CD
245,000 245,000.00 98.948
1,241.78

5.00%

5.05% -2,577.40
03/24/2026 2.22 242,422.60 0.23%

5.47%
CIBC BANK ILLINOIS IL US RT 12,250.00 5.47%05.0000% MAT 03/24/26FIXED RATE CD /IL CD
245,000 245,000.00 89.850
217.48

0.90%

1.00% -24,867.50
03/25/2026 2.31 220,132.50 0.21%

5.47%
STATE BANK OF INDI NY US 2,205.00 5.47%RT 00.9000% MAT 03/25/26FIXED RATE CD /NY CD
2,000,000 2,000,000.00 90.982
1,750.00

1.05%

1.15% -180,360.00
03/30/2026 N/A 1,819,640.00 1.74%
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 89.835

0.00 0.95%

1.06% -24,904.25
03/31/2026 10/31/2023 N/A 220,095.75 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 89.703
191.30

0.95%

1.06% -25,227.65
04/16/2026 2.42 219,772.35 0.21%

5.43%
GREENSTATE CREDIT IA US 2,327.50 5.43%RT 00.9500% MAT 04/16/26FIXED RATE CD /IA CD
245,000 245,000.00 89.622

54.37 0.90%

1.00% -25,426.10
04/22/2026 2.39 219,573.90 0.21%

5.44%
TOYOTA FINL SVG BK NV US 2,205.00 5.44%RT 00.9000% MAT 04/22/26FIXED RATE CD /NV CD
2,000,000 2,000,000.00 91.042
4,611.11

0.50%

0.55% -179,160.00
05/15/2026 11/15/2023 N/A 1,820,840.00 1.74%
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 2,002,457.51 90.284
10,605.56

1.15%

1.27% -196,777.51
05/15/2026 04/15/2026 2.43 1,805,680.00 1.73%

5.29%5.29%
100.00
23,000.00

NR/NR/NR
UNITED HEALTH GROUP INC A2/A/A+01.150% 051526DTD051921 FC111521CALL@MW+07.50BP 245,000 245,000.00 88.996

85.58 0.85%

0.96% -26,959.80
06/16/2026 12/16/2023 2.58 218,040.20 0.21%

5.35%5.35%
100.00
UBS BANK UT US RT 2,082.5000.8500% MAT 06/16/26FIXED RATE CD /UT CD
245,000 245,000.00 95.598
2,930.94

3.55%

3.71% -10,784.90
06/30/2026 11/30/2023 2.47 234,215.10 0.22%

5.34%5.34%
100.00
ALLY BK UT US RT 03.5500% 8,697.50MAT 06/30/26 FIXED RATECD /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.Accrued interest, if any, has been included in the total market value.Report created on: November 01, 2023 Page 31 of 41 Item #8. Page 34
Meeting Date: 11/28/2023 / Packet Page #: 70
Consolidated report prepared for City of Glendora
Bond Holdingsas of October 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 90.977
5,833.33

0.88%

0.96% -180,460.00
06/30/2026 12/30/2023 N/A 1,819,540.00 1.74%
N/AN/A
100.00
17,500.00

NR/NR/NR
FHLB BOND STEP-UP 0.875% Aaa/NR/AA+DUE 063026 DTD 063021 FC12302021 2,000,000 2,000,000.00 91.175
10,000.00

1.50%

1.65% -176,500.00
06/30/2026 N/A 1,823,500.00 1.74%
N/A
30,000.00 N/A

NR/NR/NR
FHLB NTS 1.5000% DUE Aaa/NR/AA+063026 DTD 063021 FC12302021 245,000 245,000.00 88.623
577.93

0.70%

0.79% -27,873.65
07/01/2026 2.57 217,126.35 0.21%

5.33%
NEW YORK CMNTY BK NY 1,715.00 5.33%US RT 00.7000% MAT07/01/26 FIXED RATE CD /NY CD
1,000,000 968,385.25 89.498
2,275.00

1.05%

1.17% -73,405.25
08/13/2026 11/13/2023 2.67 894,980.00 0.86%

5.15%5.15%
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 88.443
161.10

0.80%

0.90% -28,314.65
08/13/2026 2.74 216,685.35 0.21%

5.27%
LIVE OAK BKG CO NC US RT 1,960.00 5.27%00.8000% MAT 08/13/26FIXED RATE CD /NC CD
2,000,000 2,000,000.00 89.587
4,152.78

1.15%

1.28% -208,260.00
08/26/2026 N/A 1,791,740.00 1.71%
N/A
23,000.00 N/A

NR/NR/NR
FHLB NTS 1.1500% DUE Aaa/NR/AA+082626 DTD 082621 FC02262022 2,000,000 2,000,000.00 85.377
3,733.33

1.05%

1.23% -292,460.00
08/27/2026 08/27/2025 2.69 1,707,540.00 1.63%

6.83%6.83%
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 88.780
1,723.33

0.94%

1.06% -224,400.00
09/28/2026 2.80 1,775,600.00 1.70%

5.14%
18,800.00 5.14%

NR/NR/NR
FFCB NTS 00.940 % DUE Aaa/AA+/AA+092826 DTD 092821 FC03282022 1,000,000 982,052.13 89.602

0.00 1.13%

1.26% -86,032.13
10/31/2026 2.88 896,020.00 0.86%

4.89%
11,250.00 4.89%

NR/NR/NR
US TSY NOTE 01.125 % DUE NR/AA+/NR10/31/26 DTD 10/31/21 FC04/30/22 245,000 245,000.00 88.680
1,235.07

1.15%

1.30% -27,734.00
11/24/2026 2.93 217,266.00 0.21%

5.19%
CAPITAL ONE BK USA VA US 2,817.50 5.19%RT 01.1500% MAT 11/24/26FIXED RATE CD /VA CD
245,000 245,000.00 88.680
1,235.07

1.15%

1.30% -27,734.00
11/24/2026 2.93 217,266.00 0.21%

5.19%
CAPITAL ONE NA VA US RT 2,817.50 5.19%01.1500% MAT 11/24/26FIXED RATE CD /VA CD
Includes all fixed-rate securities in the selected portfolio. Average yields and durations exclude Structured Product, Pass-Through, Perpetual Preferred, and Foreign securities.Accrued interest, if any, has been included in the total market value.Report created on: November 01, 2023 Page 32 of 41 Item #8. Page 35
Meeting Date: 11/28/2023 / Packet Page #: 71
Consolidated report prepared for City of Glendora
Bond Holdingsas of October 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 ($)/
Unreal. g/l ($)
Total 2026 28,540,000 1.40% 05/30/2026 $389,885.00

1.51%

5.67%5.67%

2.44$28,484,502.62
$-2,678,565.07
$25,805,937.55
$83,844.64

24.69%
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 90.245
9,711.11

1.84%

2.04% -195,100.00
01/26/2027 3.06 1,804,900.00 1.73%

5.15%
36,800.00 5.15%

NR/NR/NR
FFCB BOND 01.840 % DUE Aaa/AA+/AA+012627 DTD 012622 FC07262022 2,000,000 2,000,000.00 89.946
8,010.00

1.78%

1.98% -201,080.00
02/10/2027 11/10/2023 3.10 1,798,920.00 1.72%

5.15%5.15%
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 98.476
2,391.27

4.75%

4.82% -3,733.80
02/17/2027 11/17/2023 3.00 241,266.20 0.23%

5.26%5.26%
100.00
BOKF NA OK US RT 11,637.5004.7500% MAT 02/17/27FIXED RATE CD /OK CD
245,000 245,000.00 89.252
342.33

1.70%

1.90% -26,332.60
02/18/2027 3.19 218,667.40 0.21%

5.25%
METRO CREDIT UNION MA 4,165.00 5.25%US RT 01.7000% MAT02/18/27 LICU SHARECERTIFICATE /MA CD
245,000 245,000.00 89.266
148.34

1.70%

1.90% -26,298.30
02/18/2027 3.19 218,701.70 0.21%

5.25%
PENTAGON FED CREDI VA US 4,165.00 5.25%RT 01.7000% MAT 02/18/27CREDIT UNION SHARE CERT/VA CD
3,215,000 3,075,098.40 90.511
11,847.28

2.01%

2.22% -165,169.75
02/25/2027 11/25/2023 3.13 2,909,928.65 2.78%

5.16%5.16%
100.00
64,621.50

NR/NR/NR
FHLB BOND 02.010 % DUE Aaa/NR/AA+022527 DTD 022522 FC08252022 245,000 245,747.23 90.124
792.05

2.00%

2.22% -24,943.43
03/02/2027 3.15 220,803.80 0.21%

5.26%
EAGLEMARK SVGS BK NV US 4,900.00 5.26%RT 02.0000% MAT 03/02/27FIXED RATE CD /NV CD
490,000 490,000.00 98.587
3,338.13

5.45%

5.53% -6,923.70
03/16/2027 12/16/2023 3.02 483,076.30 0.46%

5.92%5.92%
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 93.165
3,436.71

3.20%

3.43% -16,745.75
05/24/2027 3.25 228,254.25 0.22%

5.33%
DISCOVER BANK DE US RT 7,840.00 5.33%03.2000% MAT 05/24/27FIXED RATE CD /DE CD
Includes all fixed-rate securities in the selected portfolio. Average yields and durations exclude Structured Product, Pass-Through, Perpetual Preferred, and Foreign securities.Accrued interest, if any, has been included in the total market value.Report created on: November 01, 2023 Page 33 of 41 Item #8. Page 36
Meeting Date: 11/28/2023 / Packet Page #: 72
Consolidated report prepared for City of Glendora
Bond Holdingsas of October 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 ($)/
Unreal. g/l ($)
245,000 245,000.00 97.904
504.77

4.70%

4.80% -5,135.20
06/15/2027 3.31 239,864.80 0.23%

5.34%
ESSENTIAL FED CRED LA US 11,515.00 5.34%RT 04.7000% MAT 06/15/27LICU SHARE CERTIFICATE /LA CD
245,000 245,000.00 93.138
349.04

3.25%

3.49% -16,811.90
06/15/2027 3.39 228,188.10 0.22%

5.34%
LAFAYETTE FED CRED MD US 7,962.50 5.34%RT 03.2500% MAT 06/15/27LICU SHARE CERTIFICATE/MD CD
245,000 245,000.00 98.986
663.18

5.20%

5.25% -2,484.30
12/13/2027 06/12/2024 3.69 242,515.70 0.23%

5.48%5.48%
100.00
PREMIER CMNTY BK WI US 12,740.00RT 05.2000% MAT 12/13/27FIXED RATE CD /WI CD
Total 2027 9,665,000 2.40% 03/05/2027 $228,651.50

2.59%

5.23%5.23%

3.13 $9,525,845.63
$-690,758.73
$8,835,086.90
$41,534.20

8.45%
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 1,000,000.00 97.499
13,316.67

5.10%

5.23% -25,010.00
01/27/2028 01/27/2024 3.70 974,990.00 0.93%

5.77%5.77%
100.00
51,000.00

NR/NR/NR
FHLMC MED TERM NTS NR/AA+/AA+05.100 % DUE 012728 DTD013023 FC 07272023 2,000,000 2,000,004.61 98.025
20,100.00

5.40%

5.51% -39,504.61
02/24/2028 11/24/2023 3.75 1,960,500.00 1.88%

5.92%5.92%
100.00
108,000.00

NR/NR/NR
FHLB BOND 05.400 % DUE Aaa/NR/AA+022428 DTD 022423 FC08242023 1,000,000 1,000,000.00 98.631
8,925.00

5.10%

5.17% -13,690.00
02/28/2028 02/28/2024 3.80 986,310.00 0.94%

5.46%5.46%
100.00
51,000.00

NR/NR/NR
FHLMC MED TERM NTS Aaa/AA+/AA+05.100 % DUE 022828 DTD022823 FC 08282023 245,000 245,000.00 98.375
939.73

5.00%

5.08% -3,981.25
04/03/2028 04/03/2026 3.94 241,018.75 0.23%

5.41%5.41%
100.00
ARBOR FINL CREDIT MI US RT 12,250.0005.0000% MAT 04/03/28FIXED RATE CD /MI CD
2,000,000 2,000,004.78 98.374
941.67

5.65%

5.74% -32,524.78
04/28/2028 01/28/2024 3.90 1,967,480.00 1.88%

6.07%6.07%
100.00
113,000.00

NR/NR/NR
FHLB BOND 05.650 % DUE Aaa/NR/AA+042828 DTD 042823 FC10282023 245,000 245,000.00 99.589
604.78

5.30%

5.32% -1,006.95
07/14/2028 07/14/2025 4.14 243,993.05 0.23%

5.40%5.40%
100.00
CY-FAIR FED CREDIT TX US 12,985.00RT 05.3000% MAT 07/14/28FIXED RATE CD /TX CD
Includes all fixed-rate securities in the selected portfolio. Average yields and durations exclude Structured Product, Pass-Through, Perpetual Preferred, and Foreign securities.Accrued interest, if any, has been included in the total market value.Report created on: November 01, 2023 Page 34 of 41 Item #8. Page 37
Meeting Date: 11/28/2023 / Packet Page #: 73
Consolidated report prepared for City of Glendora
Bond Holdingsas of October 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 ($)/
Unreal. g/l ($)
245,000 245,000.00 98.345
469.86

5.00%

5.08% -4,054.75
07/17/2028 4.18 240,945.25 0.23%

5.40%
NEW ORLEANS FIREME LA US 12,250.00 5.40%RT 05.0000% MAT 07/17/28FIXED RATE CD /LA CD
Total 2028 6,735,000 5.35% 03/23/2028 $360,485.00

5.45%

5.82%5.82%

3.83 $6,735,009.39
$-119,772.34
$6,615,237.05
$45,297.70

6.33%
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 ($)

5.55%5.55%
10/31/2025 N/A 1.83$111,821,463.7 N/A $104,529,687.58
$-7,291,776.12
111,747,000

1.88% $402,995.60 Total Bond Portfolio 1.79% $1,964,228.25 100% $104,932,683.18
Includes all fixed-rate securities in the selected portfolio. Average yields and durations exclude Structured Product, Pass-Through, Perpetual Preferred, and Foreign securities.Accrued interest, if any, has been included in the total market value.Report created on: November 01, 2023 Page 35 of 41 Item #8. Page 38
Meeting Date: 11/28/2023 / Packet Page #: 74
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: November 01, 2023 Page 36 of 41
Item #8. Page 39
Meeting Date: 11/28/2023 / Packet Page #: 75
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: November 01, 2023 Page 37 of 41
Item #8. Page 40
Meeting Date: 11/28/2023 / Packet Page #: 76
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: November 01, 2023 Page 38 of 41
Item #8. Page 41
Meeting Date: 11/28/2023 / Packet Page #: 77
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 dividend/interest rate paid by the investmentsolely as of the date of this report, annualized yearly per share and multiplied by the quantity of shares held inthe selected account(s). For Expected Cash Flow and Portfolio Holdings reports prior to June 23, 2023, savingsproducts & sweep funds do not display such calculations and instead, values are displayed as N/A. For all otherreports, Estimated Annual Income for savings products & sweep funds is not calculated or factored intoaggregate calculations and will be displayed as 0.Current Yield: Current yield calculations display the current yield of the investment solely as of the date of thisreport, is defined as the estimated annual income divided by the total market value. For Portfolio Holdings reportgenerated prior to June 23, 2023, savings products & sweep funds do not include such information and instead,values are displayed as N/A. For all other reports, Current Yield for savings products & sweep funds is notcalculated or factored into aggregate calculations and will be displayed as 0.YTM (at Market): Yield to Maturity (at Market) is the expected return of an interest-bearing security from thereport date, assuming that it is held to maturity with all coupon payments paid. For displays at the tax lot level,the Yield to Maturity is calculated based on the cost basis of that specific tax lot. For position level displays(consisting of multiple tax lots), Yield to Maturity is derived by using the weighted average cost basis of all the underlying tax lots.YTW (at Market): Yield to Worst (at Market) is the expected return of an interest-bearing security from thereport date, assuming that it is held to the next call date or until maturity (if no next call date) with all couponpayments paid. For displays at the tax lot level, the Yield to Worst is calculated based on the cost basis of thatspecific tax lot. For position level displays (consisting of multiple tax lots), Yield to Worst is derived by using theweighted average cost basis of all the underlying tax lots.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 or Report created on: November 01, 2023 Page 39 of 41
Item #8. Page 42
Meeting Date: 11/28/2023 / Packet Page #: 78
Disclosures Applicable to Accounts at UBS Financial Services Inc. (continued) local 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.Â 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. Â 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.Â 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.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 consider the 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 itbelieves 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 in Report created on: November 01, 2023 Page 40 of 41
Item #8. Page 43
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Disclosures Applicable to Accounts at UBS Financial Services Inc. (continued) a 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• 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 the accuracy 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 todate 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: November 01, 2023 Page 41 of 41
Item #8. Page 44
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STAFF REPORT
TO: MAYOR AND COUNCIL MEMBERS DATE: NOVEMBER 28, 2023
FROM: INFORMATION TECHNOLOGY DISTRICT(S): NA
SUBJECT: APPROVE A PROFESSIONAL SERVICES AGREEMENT WITH SDI PRESENCE FOR

CITYWIDE INFORMATION TECHNOLOGY SERVICES FOR A THREE-YEAR TERM COMMENCING AT AN INITIAL COST OF $508,860 FOR YEAR ONE WITH A SUBSEQUENT 3% ANNUAL INCREASE NOT TO EXCEED $1,600,000 FOR THE TERM

OF THE AGREEMENT

RECOMMENDATION
That the City Council:

1. Approve a Professional Services Agreement with SDI Presence for City-Wide information technology services for a three-year term commencing at an initial cost of $508,860 for year one with subsequent 3% annual increase not to exceed $1,600,000 for the term of the agreement; and

2. Authorize the City Manager or his designee to execute the agreement with SDI Presence including minimal and/or non-substantive changes.

STRATEGIC FOCUS AREAS
 Goal 5: Improve and Maintain the City’s Infrastructure and Facilities (IMCIF)

EXECUTIVE SUMMARY
SDI Presence has been providing information technology services to the City since May 2022. Their services were utilized to help fill the vacancies in the Department. The City is satisfied with the services provided and would like to continue utilizing their services for the next three years, commencing at an initial cost of $508,860 for year one, with a subsequent 3% annual increase not to exceed $1,600,000 for the term of the agreement. They will continue to provide day-to-day help desk assistance as well as support in system administration throughout the City, and the Police Department. Their support is imperative to the success of major software implementation for Finance, Planning, and Public Works that is currently in progress.

LEGISLATIVE HISTORY / PREVIOUS ACTIONS
On September 13, 2022, the City Council approved a one-year contract with SDI Presence to provide immediate IT staffing for citywide help-desk support, systems administration, and on-call services for the Police Department, in the amount of $508,860.

DISCUSSION
SDI Presence has been providing information technology services to the City since May 2022. Their services were utilized to help fill the vacancies in the Department. The City is satisfied with the services provided and would like to continue utilizing their services. Prior to SDI Presence the City’s help desk accumulated a high volume of unresolved ticket requests. There were roughly 108 tickets in the queue with an average first response time of eight hours, resulting in an average resolution time of up to three Item #9. Page 1
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Staff Report Page 2 of 3
days. Since contracting with SDI, technicians were able to resolve the backlog of open tickets by providing technical support and troubleshooting issues for end-users within two to three hours. Their efficiency and promptness allowed users to continue workflow with little disruption. By offering optimal solutions and attentively listening to users’ questions and concerns, SDI maintains an average daily ticket count of 10, that is a 90% reduction in daily help desk tickets.

SDI Presence has improved and enhanced the IT Department by:
 Updating and improving the Public Safety IT infrastructure for Dispatch operations.  Installed emergency battery back-up equipment for continued services in the event of a power outage.
 Replaced and implemented a single server infrastructure saving the City over $100,000  Decommissioned and removed over 50 servers.
 Upgraded server operating systems that were over 5 years old.  Performed a cyber security evaluation, performed testing, and identified and resolved threats.  Assisted in the purchase of licenses to convert Cold-Spare firewall to an active-passive state, eliminating downtime requirements for firewall upgrades.  Removed numerous paths and segmented networks to allow for a clearer uninterrupted network environment.
 Assisted the Police Department in completing projects such as adding network resources, setting up e-subpoena system, creating and implementing recap reports, and completing a multi-year project for the Livescan Interface.
 Added mapping points for various locations throughout the City for Public Safety and Dispatch operations.

SDI Presence future projects for the upcoming years:
 Help maintain daily operations completing service tickets across the organization  Migrate the City’s on-premises server infrastructure to a hosted cloud environment  Help to mitigate and respond to cyber security threats  Design and build a new offsite backup system
 Multiple system migrations and updates
 Implement the City’s new phone system
 Assist in the digitization of the City’s documents to a content management system  Improving the City’s security posture
Over the past year, SDI has helped the City with multiple projects using their extensive resources and experience. We hope to continue our partnership over the next three years to help complete the City’s major hardware and software projects that will provide improvements for Glendora’s residents and staff.

The three-year contract with SDI will include two full-time staff members to assist with help desk operations and one (1) systems administrator to assist with server migrations, security, etc. Additional resources are available to the City if needed.

Per GMC 2.40.100, cooperative purchasing was utilized to be more efficient by utilizing pricing given to the City of Redlands on August 22, 2022, where SDI competitively bid on the contract.

FISCAL IMPACT
At this time of the contract’s yearly renewal date, the CPI for the previous 12 months will be utilized to determine the CPI. If the CPI is greater than 3%, SDI may increase rates to match the CPI increase in the given period, however, shall not exceed 5% per year. Contract annual amount is as follows: FY 2023-24 – $508,860, FY 2024-25 – $524,125.80, and FY 2025-26 – $539,849.57. Sufficient funds are available in the FY 2023-2025 Two-Year Budget; future years will include the require contraction amounts as well.

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(5484419.59100 and 5484432.59100).

ENVIRONMENTAL DETERMINATION
There is no CEQA impacts associated with the recommendations in this report.

Prepared By Katie Dang, Administrative Assistant
Concurs With Not Applicable
Reviewed By Sam Robbin, Information Technology Director Certified to Availability of Funds Kyle Johnson, Finance Director/City Treasurer Approved By Adam Raymond, City Manager
Legal Review William W. Wynder, City Attorney
CEQA Review Not Applicable
ATTACHMENTS:

A. Agreement
B. Presentation
Item #9. Page 3
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CONTRACT SERVICES AGREEMENT
By and Between

CITY OF GLENDORA
and

SDI PRESENCE LLC
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Agreement – SDI Presence (I.T. Consulting Svcs) 11.14.2023 1

AGREEMENT FOR CONTRACT SERVICES

BETWEEN THE CITY OF GLENDORA AND

SDI PRESENCE LLC
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 SDI PRESENCE LLC, a Delaware Limited Liability Company (“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.
/ / /
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Agreement – SDI Presence (I.T. Consulting Svcs) 11.14.2023 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.
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Agreement – SDI Presence (I.T. Consulting Svcs) 11.14.2023 3 (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 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 ___________________
Sharee L. Wolff
(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 DocuSign Envelope ID: CEBEA1C3-87CA-4E4D-96FF-C6D458855BDA Item #9. Page 7
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Agreement – SDI Presence (I.T. Consulting Svcs) 11.14.2023 4 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, 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.
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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 $1,600,000 (One Million Six 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: CEBEA1C3-87CA-4E4D-96FF-C6D458855BDA Item #9. Page 9
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Agreement – SDI Presence (I.T. Consulting Svcs) 11.14.2023 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(s).

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 three (3) years 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 two (2) additional one (1) year Extended Terms provided the City gives sixty (60) days’ advance written notice of its intent to do so prior to the expiration of the Term or Extended Term.
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Agreement – SDI Presence (I.T. Consulting Svcs) 11.14.2023 7 ARTICLE 4. COORDINATION OF WORK

4.1 Representatives and Personnel of Consultant.

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:

Sharee L. Wolff, Chief Financial Officer /
Administrative Officer
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 Sam Robbin, Director of Information Technology 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 DocuSign Envelope ID: CEBEA1C3-87CA-4E4D-96FF-C6D458855BDA Item #9. Page 11
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Agreement – SDI Presence (I.T. Consulting Svcs) 11.14.2023 8 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.

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).

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Agreement – SDI Presence (I.T. Consulting Svcs) 11.14.2023 9 (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. (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.

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Agreement – SDI Presence (I.T. Consulting Svcs) 11.14.2023 10 (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 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.

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Agreement – SDI Presence (I.T. Consulting Svcs) 11.14.2023 11 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 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 DocuSign Envelope ID: CEBEA1C3-87CA-4E4D-96FF-C6D458855BDA Item #9. Page 15
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Agreement – SDI Presence (I.T. Consulting Svcs) 11.14.2023 12 transcripts from such records. Such records shall be maintained for a period of three (3) years following 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.

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Agreement – SDI Presence (I.T. Consulting Svcs) 11.14.2023 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: CEBEA1C3-87CA-4E4D-96FF-C6D458855BDA Item #9. Page 17
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Agreement – SDI Presence (I.T. Consulting Svcs) 11.14.2023 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.

7.8 Termination for Default of Consultant.

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Agreement – SDI Presence (I.T. Consulting Svcs) 11.14.2023 15 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 DocuSign Envelope ID: CEBEA1C3-87CA-4E4D-96FF-C6D458855BDA Item #9. Page 19
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Agreement – SDI Presence (I.T. Consulting Svcs) 11.14.2023 16 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 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.

9.5 Severability.

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Agreement – SDI Presence (I.T. Consulting Svcs) 11.14.2023 17 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 ___________________
Sharee L. Wolff
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]
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Agreement – SDI Presence (I.T. Consulting Svcs) 11.14.2023 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
Kyle Johnson
Finance Director/City Treasurer
ATTEST:

Kathleen R. Sessman
City Clerk/Communications Director
CONTRACTOR:

SDI Presence LLC, a Delaware Limited Liability Company
Name: Sharee L. Wolff,
Title: Chief Financial Officer / Administrative Officer [email protected]
Address: 200 E. Randolph St Ste 3550, Chicago, IL 60601 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.

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01240.0001/535308.1 A-1
EXHIBIT “A”

SCOPE OF SERVICES
I. Consultant will perform the following Services:

A. Consultant shall provide 480 hours per month of professional services to City as is set forth in more detail and attached hereto as Exhibit A-2 and incorporated herein by this reference.

Consultant shall have the sole discretion which of its staff it shall provide to City to perform the Scope of Services, and City shall not direct the method or manner by which Consultant’s designated staff performs the Scope of Service.

II. As part of the Services, Consultant will prepare and deliver the following tangible work products to the City:

A. Managed Services Provider (MSP) toolkit is included in the monthly service.

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. See attached proposal Exhibit C-3.

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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.

I. Section 6.3 of the Agreement, entitled “Ownership of Documents,” is amended to read as follows”
“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. Notwithstanding anything to the contrary in the foregoing and for the purposes of clarity, Consultant, including Consultant’s subcontractors and third-party vendors, shall retain ownership of any pre-existing intellectual property used and/or delivered to the City in the performance of the Services under this Agreement. 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.”
II. Section 5.1(g) is amended to include Cyber Liability.

Cyber Liability Insurance: with limits of not less than $2,000,000 per occurrence or claim, $2,000,000 aggregate. Coverage shall be sufficiently broad to respond to the duties and obligations as is undertaken by Consultant in this agreement and shall include, but not be limited to, claims involving security breach, system failure, data recovery, business interruption, cyber extortion, social engineering, infringement of intellectual property, including but not limited to infringement of copyright, trademark, trade dress, invasion of privacy violations, information theft, damage to or destruction of electronic information, release of private information, and alteration of electronic information. The policy shall provide coverage for breach response costs, regulatory fines and penalties as well as credit monitoring expenses.

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01240.0001/535308.1 C-1
EXHIBIT “C”

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

POSITION HOURLY
RATE

MONTHLY
HOURS
A. Technician (Level 1) $67.00 74
B. Technician (Level 2) $71.50 110
C. Technician (Level 3) $82.00 110
D. Project Manager $110.00 N/A
E. System Engineer $111.00 116
F. Software Developer $117.00 N/A
G.SQL DBA $117.00 N/A
H.Network Engineer $114.00 58
I. Software Architect $123.00 N/A
J. Certified Security Specialist $126.00 12
Annual adjustments to these hourly rates will incorporate a 3% increase. SDI retains the right to increase hourly rates in accordance with the U.S. Bureau of Labor Statistics, Los Angeles – Long Beach – Anaheim, all urban consumers CPI table. At the time of the contract’s yearly renewal date, the CPI for the previous 12 months will be utilized to determine the CPI. If the CPI is greater than 3%, SDI may increase rates to match the CPI increase for the given period, however, shall not exceed 5% per year.

II. 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.

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01240.0001/535308.1 C-2
D. Line items for all approved subcontractor labor, supplies, equipment, materials, and travel properly charged to the Services.

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

IV. The Consultant’s billing rates for all personnel are attached.

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EXHIBIT “D”

SCHEDULE OF PERFORMANCE
I. See Exhibit C-3 for the number of monthly hours each professional classification shall provide to the City
II. The Contract Officer may approve extensions for performance of the services in accordance with Section 3.2.

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APPROVE A PROFESSIONAL STAFFING AGREEMENT WITH

SDI PRESENCE FOR TEMPORARY EMPLOYEE STAFFING IN

THE INFORMATION TECHNOLOGY DEPARTMENT
Information Technology
City Council
November 14, 2023
Katie Dang, Administrative Assistant
CityOfGlendora.org
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OVERVIEW
• SDI Presence has been providing their services to the City since May 2022 to help fill the vacancies in the IT Department
• SDI has helped the City with multiple projects using their extensive resources and experience
• Provide day-to-day helpdesk assistance as well as support in the system administration throughout all City Departments
2 Item #9. Page 31
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CUSTOMER SERVICE IMPROVEMENTS
• Before SDI, the City’s helpdesk accumulated a high volume of unresolved ticket requests
– Roughly 108 tickets in queue
– Average first response time of 8 hours
– Average resolution time of up to 3 days
• SDI technicians resolved the backlog of open tickets by providing technical support and troubleshooting issues for end-users within 2 to 3 hours – Maintain an average daily ticket of 10
– 90% reduction in daily helpdesk tickets
3 Item #9. Page 32
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HARDWARE & SOFTWARE IMPROVEMENTS
• Updated and improved the public safety IT infrastructure for dispatch • Installed emergency battery back-up equipment for continued services in the event of a power outage
• Replaced and implemented a single server infrastructure saving the City over $100,000 • Upgraded server operating systems that were over 5 years old • Assisted the Police Department in completing various projects:
– Adding network resources
– Setting up e-subpoena system
– Creating and implementing recap reports
– Completing a multi-year project for the Livescan Interface – Adding mapping points for various locations throughout the city for public safety and dispatch 4 Item #9. Page 33
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FUTURE PROJECTS
• Assist in maintaining daily operations by completing service tickets across the organization
• Migrate the City’s on-premises server infrastructure to a hosted cloud environment • Help mitigate and respond to cyber security threats
• Design and build new off-site back-up system
• Multiple system migrations and updates
• Assist in the digitization of the City’s documents to a content management system • Improve the City’s security posture
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Contract Summary
• Continue partnership over the next three years to continue high level customer service for the City’s helpdesk and help to complete the City’s major hardware and software projects providing improvements for Glendora’s residents and staff • Initial cost of $508,860 for year one with a subsequent 3% annual increase not to exceed $1,600,000 for the Three-year term of the agreement. If CPI is greater than 3%, SDI may increase rates to match the CPI, however, shall not exceed 5% per year. • Three-year contract will include:
– Two (2) full-time staff members to assist with help desk operations – One (1) full-time systems administrator to assist with server migrations, security, etc. – Additional resources are available to the City if needed 6 Item #9. Page 35
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7 RECOMMENDATIONS

1. Approve a Professional Services Agreement with SDI Presence for citywide information technology services for a three-year term commencing at an initial cost of $508,860 for year one with a subsequent 3% annual increase not to exceed $1,600,000 for the term of the agreement

2. Authorize the City Manager or his designee to execute the agreement with SDI Presence including minimal and/or non-substantive changes That the City Council:

Item #9. Page 36
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Glendora City CouncilNovember 28, 2023

Glendora City Council
November 28, 2023