Glendora City Council
January 9, 2024

Item #11. Page 4
Meeting Date: 1/9/2024 / Packet Page #: 160
Consolidated report prepared for City of Glendora
Asset Allocation Reviewas of November 30, 2023
Summary of Asset Allocation
Market
value ($)
% of
Portfolio
Cash 5,438,508.16 4.89
Cash 5,438,508.16 4.89 US 5,438,508.16 4.89
Fixed Income 105,741,964.72 95.11
US 105,741,964.72 95.11 US Fixed Income 18,273,478.17 16.44 Government 59,022,841.91 53.08 Municipals 252,634.87 0.23 Corporate IG Credit 28,193,009.77 25.36 Equity 0.00 0.00Commodities 0.00 0.00Non-Traditional 0.00 0.00Other 0.00 0.00Total Portfolio $111,180,472.88 100%Balanced mutual funds and Insurance & Annuity products are allocated in the 'Other' category Cash 4.89%US Fixed Income 95.11%
Total Value: $111,180,472.88
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: December 01, 2023 Page 2 of 41 Item #11. Page 5
Meeting Date: 1/9/2024 / Packet Page #: 161
Consolidated report prepared for City of Glendora
Sources of Portfolio Valueas of November 30, 2023
Market Value Net amount you invested (net of fees)
02/22 12/22 11/23
5075
100125150
$ Millions
MTD
10/31/2023 to
11/30/2023
QTD
09/30/2023 to
11/30/2023
ITD
02/23/2022 to
11/30/2023
YTD
12/31/2022 to
11/30/2023
Opening value 107,637,020.13 107,407,544.63 96,238,141.84 40,589,214.16 Net deposits/withdrawals -1,581,228.37 -1,735,398.69 7,179,853.76 67,517,786.83Div./interest income 137,891.22 286,249.99 1,715,645.82 2,768,388.95Change in accr. interest 33,091.99 50,665.41 120,190.20 368,820.09Change in value 1,021,189.55 1,238,903.18 1,994,132.90 -3,996,245.52Closing value 107,247,964.52 107,247,964.52 107,247,964.52 107,247,964.52Net Time-weighted ROR 1.11 1.47 3.71 -0.77Performance returns are annualized after 1 year. Net deposits and withdrawals include program and account fees.Benchmarks - Annualized time-weighted returnsUS Treasury Bill - 3 Mos 0.45 0.91 4.65 3.48BofA Corp/Gov 1-5Y 1.69 1.74 3.27 -0.33BBG Agg Bond 4.53 2.88 1.64 -4.45Past performance does not guarantee future results and current performance may be lower/higher than past data presented.Report created on: December 01, 2023 Page 3 of 41 Item #11. Page 6
Meeting Date: 1/9/2024 / Packet Page #: 162
Consolidated report prepared for City of Glendora
Bond Summaryas of November 30, 2023Bond OverviewTotal quantity 111,502,000Total market value $105,305,877.13Total accrued interest $436,087.59Total market value plus accrued interest $105,741,964.72Total estimated annual bond interest $1,960,063.25Average yield to maturityAverage coupon 1.79%

5.21%1.86%5.21%
Average current yieldAverage yield to worstAverage modified duration 1.77Average effective maturity 1.93 Investment Type AllocationInvestment type Taxable ($) Total ($) Tax-exempt /
deferred ($)
% of
bond
port.

Certificates of deposit 18,273,478.17 0.00 18,273,478.17 17.28Municipals 252,634.87 0.00 252,634.87 0.24U.S. corporates 28,193,009.77 0.00 28,193,009.77 26.66U.S. federal agencies 55,668,345.42 0.00 55,668,345.42 52.65U.S. treasuries 3,354,496.49 0.00 3,354,496.49 3.17Total $105,741,964.72 $0.00 $105,741,964.72 100% Credit Quality of Bond HoldingsA Aaa/AAA/AAA 16 26,111,919.11 24.68B Aa/AA/AA 24 37,023,967.67 35.01C A/A/A 16 24,332,599.77 23.01D Baa/BBB/BBB 0 0.00 0.00E Non-investment grade 0 0.00 0.00F Certificate of deposit 79 18,273,478.17 17.31G Not rated 0 0.00 0.00Total 135 $105,741,964.72 100%Effective credit rating % of
port.

Value on
Issues 11/30/2023 ($)
Bond Maturity Schedule
Effective maturity schedule
2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2034 + Other 0 1020304050

2.0%

18.7%

39.4%

24.8%

8.5% 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: December 01, 2023 Page 4 of 41 Item #11. Page 7
Meeting Date: 1/9/2024 / Packet Page #: 163
Consolidated report prepared for City of Glendora
Portfolio Holdingsas of November 30, 2023Summary of Portfolio Holdings Unrealized
Cost basis ($) gain/loss (%)
Est. annual
income ($)
Unrealized
gain/loss ($)
Value on
11/30/2023 ($)
Current
yield (%)
% of
portfolio
A Cash 3,941,249.63 5,438,508.16 0.00 0.00% 78,838.32 1.45% 4.89% Cash 3,941,249.63 5,438,508.16 0.00 0.00% 78,838.32 1.45% 4.89% US 3,941,249.63 5,438,508.16 0.00 0.00% 78,838.32 1.45% 4.89% B Fixed Income 111,554,511.6 105,741,964.72 -5,812,546.97 -5.21% 1,960,063.25 1.85% 95.11% US 111,554,511.69 105,741,964.72 -5,812,546.97 -5.21% 1,960,063.25 1.85% 95.11% US Fixed Income 19,154,066.59 18,273,478.17 -880,588.42 -4.60% 421,876.00 2.31% 16.44% Government 62,135,047.39 59,022,841.91 -3,112,205.48 -5.01% 1,011,506.50 1.71% 53.08% Municipals 250,000.00 252,634.87 2,634.87 1.05% 12,872.50 5.10% 0.23% Corporate IG Credit 30,015,397.71 28,193,009.77 -1,822,387.94 -6.07% 513,808.25 1.82% 25.36% 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 $115,495,761.32 $111,180,472.88 $-5,812,546.97 -5.03% $2,038,901.57 1.83% 100% Balanced mutual funds and Insurance & Annuity products are allocated in the 'Other' category B
A
Accrued interest, if any, has been included in the total market value.Report created on: December 01, 2023 Page 5 of 41 Item #11. Page 8
Meeting Date: 1/9/2024 / Packet Page #: 164
Consolidated report prepared for City of Glendora
Portfolio Holdingsas of November 30, 2023 (continued)
Details of Portfolio Holdings
% of
asset
class
Est. annual
Cost basis ($) income ($)
Unrealized
gain/loss
(%)
Unrealized
Market value ($) gain/loss ($)
Current
yield (%)
Total Portfolio $111,180,472.88 $-5,812,546.97 -5.03% $2,038,901.57 1.83% 100% $115,495,761.32 100% % of
portfolio
Unrealized
gain/loss ($)
Unrealized
gain/loss
Quantity (%)
Current
Cost basis ($) yield (%)
Est. annual
income ($)
Purchase
price ($) / Cash Avg Price Market value ($)
Price on
11/30/2023
($)
% of
Cash
% of
portfolio
Cash
US
Outside ASSET (1) 1.00 323,793.41 323,793.41 0.00 0.00% NA NA 5.95% 0.29%[Outside Account @SXXXX279]

1.00 Outside ASSET (1) 1.00 3,608,714.95 3,608,714.95 0.00 0.00% NA NA 66.35% 3.25%[Outside Account @SXXXX283]

1.00 UBS INSURED SWEEP 381,969.64 1.00 381,969.64 381,969.64 0.00 0.00% 381.97 0.10% 0.34%PROGRAM

1.00 7.02%
UBS SELECT TREASURY 1,497,258.53 0.00 0.00 1,497,258.53 0.00 0.00% 78,456.35 5.24% 1.35%INSTITUTIONAL FUND

1.00 27.53%
USD CASH -373,228.37 1.00 1.00 -373,228.37 -373,228.37 0.00 0.00% NA NA -6.86% -0.34% Total US $3,941,249.63 $5,438,508.16 $0.00 0.00% $78,838.32 1.45% 100% 4.89% Total Cash $3,941,249.63 $5,438,508.16 $0.00 0.00% $78,838.32 1.45% 100% 4.89% Total Cash $3,941,249.63 $5,438,508.16 $0.00 0.00% $78,838.32 1.45% 100% 4.89% Assets held at other financial institutions are included in this report. We have not verified, and are not responsible for, the accuracy or completeness of this information.Accrued interest, if any, has been included in the total market value.Report created on: December 01, 2023 Page 6 of 41 Item #11. Page 9
Meeting Date: 1/9/2024 / Packet Page #: 165
Consolidated report prepared for City of Glendora
Portfolio Holdingsas of November 30, 2023 (continued)
Unrealized
gain/loss ($)
Unrealized
gain/loss
Quantity (%)
Current
Cost basis ($) yield (%)
Est. annual
income ($)
Purchase
price ($) /
Avg Price Market value ($)
Amort/Accr.($)
as of
Fixed Income 11/30/2023
Price on
11/30/2023
($)
% of
Fixed
Income
% of
portfolio
US
US Fixed Income
AFFINITY PLUS MN US RT 245,000.00 100.00 245,000.00 244,422.67 0.00 -577.33 -0.24% 12,372.50 5.07% 0.22%05.0500% MAT 03/20/26LICU SHARE CERTIFICATE

99.63 0.23%
ALLY BK UT US RT 245,000.00 100.00 245,000.00 239,017.30 0.00 -5,982.70 -2.44% 8,697.50 3.70% 0.21%03.5500% MAT 06/30/26FIXED RATE CD

96.07 0.23%
AMERICAN COMM BK GA 245,000.00 100.00 245,000.00 224,250.38 0.00 -20,749.62 -8.47% 980.00 0.44% 0.20%US RT 00.4000% MAT09/22/25 FIXED RATE CD

91.52 0.21%
ARBOR FINL CREDIT MI US 245,000.00 100.00 245,000.00 242,686.86 0.00 -2,313.14 -0.94% 12,250.00 5.07% 0.22%RT 05.0000% MAT 04/03/28FIXED RATE CD

98.69 0.23%
BANK OF NEW ENGLAN NH 245,000.00 100.00 245,000.00 244,017.85 0.00 -982.15 -0.40% 6,982.50 2.86% 0.22%US RT 02.8500% MAT02/15/24 FIXED RATE CD

99.48 0.23%
BANK3 TENNESSEE TN US RT 245,000.00 100.00 245,000.00 224,888.42 0.00 -20,111.58 -8.21% 980.00 0.44% 0.20%00.4000% MAT 08/28/25FIXED RATE CD

91.79 0.21%
BANKUNITED NA FLOR FL US 245,000.00 100.00 245,000.00 222,075.35 0.00 -22,924.65 -9.36% 2,327.50 1.05% 0.20%RT 00.9500% MAT 03/31/26FIXED RATE CD

90.64 0.21%
BEAL BANK - PLANO TX US 245,000.00 100.00 245,000.00 242,643.40 0.00 -2,356.60 -0.96% 5,390.00 2.23% 0.22%RT 02.2000% MAT 04/17/24FIXED RATE CD

98.79 0.23%
BELL ST B&T ND US RT 245,000.00 100.00 245,000.00 233,634.82 0.00 -11,365.18 -4.64% 3,920.00 1.68% 0.21%01.6000% MAT 02/27/25FIXED RATE CD

95.35 0.22%
BK HAPOALIM BM NY US RT 245,000.00 100.00 245,000.00 223,264.84 0.00 -21,735.16 -8.87% 1,225.00 0.55% 0.20%00.5000% MAT 12/15/25FIXED RATE CD

90.90 0.21%
BMO HARRIS BK NA IL US RT 245,000.00 100.00 245,000.00 222,043.50 0.00 -22,956.50 -9.37% 1,960.00 0.88% 0.20%00.8000% MAT 03/18/26FIXED RATE CD

90.47 0.21%
BMW BANK NORTH AME UT 245,000.00 100.05 245,134.17 235,153.55 -179.72 -9,980.62 -4.07% 4,410.00 1.88% 0.21%US RT 01.8000% MAT03/04/25 FIXED RATE CD

95.55 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: December 01, 2023 Page 7 of 41 Item #11. Page 10
Meeting Date: 1/9/2024 / Packet Page #: 166
Consolidated report prepared for City of Glendora
Portfolio Holdingsas of November 30, 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 11/30/2023
Price on
11/30/2023
($)
% of
Fixed
Income
% of
portfolio
US
US Fixed Income
BOKF NA OK US RT 245,000.00 100.00 245,000.00 242,310.34 0.00 -2,689.66 -1.10% 11,637.50 4.81% 0.22%04.7500% MAT 02/17/27FIXED RATE CD

98.73 0.23%
CADENCE BANK MS US RT 245,000.00 100.00 245,000.00 250,929.30 0.00 5,929.30 2.42% 13,107.50 5.35% 0.23%05.3500% MAT 07/05/24FIXED RATE CD

99.94 0.24%
CAPITAL ONE BK USA VA US 245,000.00 100.00 245,000.00 218,375.62 0.00 -26,624.38 -10.87% 2,817.50 1.29% 0.20%RT 01.1500% MAT 11/24/26FIXED RATE CD

89.11 0.21%
CAPITAL ONE NA VA US RT 245,000.00 100.00 245,000.00 218,375.62 0.00 -26,624.38 -10.87% 2,817.50 1.29% 0.20%01.1500% MAT 11/24/26FIXED RATE CD

89.11 0.21%
CENTERSTATE BK NA FL US 245,000.00 100.00 245,000.00 230,505.63 0.00 -14,494.37 -5.92% 2,450.00 1.06% 0.21%RT 01.0000% MAT 04/30/25FIXED RATE CD

94.00 0.22%
CFG COMMUNITY BANK 245,000.00 100.00 245,000.00 240,380.81 0.00 -4,619.19 -1.89% 9,310.00 3.92% 0.22%MD US RT 03.8000% MAT03/11/26 FIXED RATE CD

96.96 0.23%
CHAMBERS BANK AK US RT 108,000.00 100.00 108,000.00 98,994.06 0.00 -9,005.94 -8.34% 378.00 0.38% 0.09%00.3500% MAT 09/22/25FIXED RATE CD

91.60 0.09%
CIBC BANK ILLINOIS IL US RT 245,000.00 100.00 245,000.00 245,996.68 0.00 996.68 0.41% 12,250.00 5.03% 0.22%05.0000% MAT 03/24/26FIXED RATE CD

99.49 0.23%
CITADEL FED CREDIT PA US 245,000.00 100.00 245,000.00 233,782.83 0.00 -11,217.17 -4.58% 4,042.50 1.73% 0.21%RT 01.6500% MAT 02/27/25CREDIT UNION SHARE CERT

95.41 0.22%
CITIZENS ST BK CLA WI US 219,000.00 100.00 219,000.00 211,503.63 0.00 -7,496.37 -3.42% 3,723.00 1.76% 0.19%RT 01.7000% MAT 10/31/24FIXED RATE CD

96.58 0.20%
COMMUNITY BK TN US RT 245,000.00 100.00 245,000.00 224,947.69 0.00 -20,052.31 -8.18% 980.00 0.44% 0.20%00.4000% MAT 08/26/25FIXED RATE CD

91.81 0.21%
COMMUNITYWIDE FED IN 245,000.00 100.00 245,000.00 242,380.68 0.00 -2,619.32 -1.07% 5,512.50 2.29% 0.22%US RT 02.2500% MAT06/28/24 FIXED RATE CD

98.19 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: December 01, 2023 Page 8 of 41 Item #11. Page 11
Meeting Date: 1/9/2024 / Packet Page #: 167
Consolidated report prepared for City of Glendora
Portfolio Holdingsas of November 30, 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 11/30/2023
Price on
11/30/2023
($)
% of
Fixed
Income
% of
portfolio
US
US Fixed Income
CONNEXUS CREDIT UN WI 245,000.00 100.00 245,000.00 238,948.50 0.00 -6,051.50 -2.47% 735.00 0.31% 0.21%US RT 00.3000% MAT05/28/24 CREDIT UNIONSHARE CERT

97.53 0.23%
CY-FAIR FED CREDIT TX US 245,000.00 100.00 245,000.00 245,255.61 0.00 255.61 0.10% 12,985.00 5.31% 0.22%RT 05.3000% MAT 07/14/28FIXED RATE CD

99.87 0.23%
DISCOVER BANK DE US RT 245,000.00 100.00 245,000.00 229,402.33 0.00 -15,597.67 -6.37% 7,840.00 3.42% 0.21%03.2000% MAT 05/24/27FIXED RATE CD

93.58 0.22%
EAGLEMARK SVGS BK NV 245,000.00 100.30 245,729.37 223,083.94 -373.72 -22,645.43 -9.22% 4,900.00 2.21% 0.20%US RT 02.0000% MAT03/02/27 FIXED RATE CD

90.57 0.21%
ENCORE BANK AR US RT 245,000.00 100.00 245,000.00 229,233.95 0.00 -15,766.05 -6.44% 1,960.00 0.86% 0.21%00.8000% MAT 05/15/25FIXED RATE CD

93.53 0.22%
ENERBANK UT US RT 245,000.00 100.00 245,000.00 228,135.64 0.00 -16,864.36 -6.88% 1,592.50 0.70% 0.21%00.6500% MAT 06/19/25FIXED RATE CD

93.10 0.22%
ESSENTIAL FED CRED LA US 245,000.00 100.00 245,000.00 241,168.57 0.00 -3,831.43 -1.56% 11,515.00 4.78% 0.22%RT 04.7000% MAT 06/15/27LICU SHARE CERTIFICATE

98.24 0.23%
FIRST CAROLINA BK NC US 245,000.00 100.00 245,000.00 227,912.66 0.00 -17,087.34 -6.97% 1,470.00 0.65% 0.20%RT 00.6000% MAT 06/26/25FIXED RATE CD

93.02 0.22%
FIRST N/B MCGREG TX US 245,000.00 100.00 245,000.00 243,829.10 0.00 -1,170.90 -0.48% 6,982.50 2.87% 0.22%RT 02.8500% MAT 02/21/24FIXED RATE CD

99.44 0.23%
FIRST NATL BK KS US RT 245,000.00 100.00 245,000.00 238,441.35 0.00 -6,558.65 -2.68% 4,532.50 1.90% 0.21%01.8500% MAT 08/30/24FIXED RATE CD

97.32 0.23%
FIRST ST BK AR US RT 245,000.00 100.00 245,000.00 238,350.70 0.00 -6,649.30 -2.71% 4,410.00 1.85% 0.21%01.8000% MAT 08/30/24FIXED RATE CD

97.29 0.23%
FLAGSTAR BANK, FSB MI US 245,000.00 100.00 245,000.00 230,680.19 0.00 -14,319.81 -5.84% 2,572.50 1.12% 0.21%RT 01.0500% MAT 04/30/25FIXED RATE CD

94.07 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: December 01, 2023 Page 9 of 41 Item #11. Page 12
Meeting Date: 1/9/2024 / Packet Page #: 168
Consolidated report prepared for City of Glendora
Portfolio Holdingsas of November 30, 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 11/30/2023
Price on
11/30/2023
($)
% of
Fixed
Income
% of
portfolio
US
US Fixed Income
GREAT STHN BK MO US RT 245,000.00 100.00 245,000.00 241,793.65 0.00 -3,206.35 -1.31% 11,025.00 4.57% 0.22%04.5000% MAT 10/20/25FIXED RATE CD

98.57 0.23%
GREENSTATE CREDIT IA US 245,000.00 100.00 245,000.00 221,882.97 0.00 -23,117.03 -9.44% 2,327.50 1.05% 0.20%RT 00.9500% MAT 04/16/26FIXED RATE CD

90.49 0.21%
HOME LN INVT BK RI US RT 245,000.00 100.00 245,000.00 224,960.91 0.00 -20,039.09 -8.18% 980.00 0.44% 0.20%00.4000% MAT 08/29/25FIXED RATE CD

91.79 0.21%
HOME SAVINGS BANK UT 245,000.00 100.00 245,000.00 245,783.77 0.00 783.77 0.32% 6,982.50 2.87% 0.22%US RT 02.8500% MAT02/12/24 FIXED RATE CD

99.46 0.23%
HORIZON BK NE US RT 245,000.00 100.00 245,000.00 231,699.99 0.00 -13,300.01 -5.43% 3,185.00 1.38% 0.21%01.3000% MAT 04/15/25FIXED RATE CD

94.52 0.22%
JPMORGAN CHASE BK OH 245,000.00 100.00 245,000.00 225,711.12 0.00 -19,288.88 -7.87% 1,715.00 0.76% 0.20%US RT 00.7000% MAT09/30/25 FIXED RATE CD

92.01 0.21%
LAFAYETTE FED CRED MD 245,000.00 100.00 245,000.00 229,561.48 0.00 -15,438.52 -6.30% 7,962.50 3.47% 0.21%US RT 03.2500% MAT06/15/27 LICU SHARECERTIFICATE

93.57 0.22%
LIBERTY FED CREDIT IN US 245,000.00 100.00 245,000.00 245,804.10 0.00 804.10 0.33% 12,495.00 5.10% 0.22%RT 05.1000% MAT 03/08/24LICU SHARE CERTIFICATE

99.92 0.23%
LIVE OAK BKG CO NC US RT 245,000.00 100.00 245,000.00 218,252.28 0.00 -26,747.72 -10.92% 1,960.00 0.90% 0.20%00.8000% MAT 08/13/26FIXED RATE CD

89.02 0.21%
MCHENRY SVGS BK IL US RT 245,000.00 100.00 245,000.00 235,988.40 0.00 -9,011.60 -3.68% 4,287.50 1.82% 0.21%01.7500% MAT 11/29/24FIXED RATE CD

96.32 0.22%
MEDALLION BK UT US RT 245,000.00 100.00 245,000.00 226,237.90 0.00 -18,762.10 -7.66% 1,347.50 0.60% 0.20%00.5500% MAT 07/30/25FIXED RATE CD

92.34 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: December 01, 2023 Page 10 of 41 Item #11. Page 13
Meeting Date: 1/9/2024 / Packet Page #: 169
Consolidated report prepared for City of Glendora
Portfolio Holdingsas of November 30, 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 11/30/2023
Price on
11/30/2023
($)
% of
Fixed
Income
% of
portfolio
US
US Fixed Income
METRO CREDIT UNION MA 245,000.00 100.00 245,000.00 220,144.92 0.00 -24,855.08 -10.14% 4,165.00 1.89% 0.20%US RT 01.7000% MAT02/18/27 LICU SHARECERTIFICATE

89.72 0.21%
MONEY ONE FED CRED MD 248,000.00 101.22 251,018.31 242,017.25 -11,246.84 -9,001.06 -3.59% 4,960.00 2.06% 0.22%US RT 02.0000% MAT09/23/24 FIXED RATE CD

97.22 0.23%
MORGAN STANLEY BK UT 245,000.00 100.00 245,000.00 243,356.69 0.00 -1,643.31 -0.67% 10,412.50 4.34% 0.22%US RT 04.2500% MAT02/02/26 FIXED RATE CD

97.93 0.23%
MORGAN STANLEY PRV NY 245,000.00 100.00 245,000.00 240,205.22 0.00 -4,794.78 -1.96% 4,900.00 2.05% 0.22%US RT 02.0000% MAT08/22/24 FIXED RATE CD

97.50 0.23%
MORTON CMNTY BK IL US 245,000.00 100.00 245,000.00 228,127.05 0.00 -16,872.95 -6.89% 1,470.00 0.64% 0.21%RT 00.6000% MAT 06/19/25FIXED RATE CD

93.10 0.22%
NEW ORLEANS FIREME LA 245,000.00 100.00 245,000.00 242,114.10 0.00 -2,885.90 -1.18% 12,250.00 5.07% 0.22%US RT 05.0000% MAT07/17/28 FIXED RATE CD

98.64 0.23%
NEW YORK CMNTY BK NY 245,000.00 100.00 245,000.00 219,457.34 0.00 -25,542.66 -10.43% 1,715.00 0.78% 0.20%US RT 00.7000% MAT07/01/26 FIXED RATE CD

89.28 0.21%
OCEANFIRST BK NA NJ US 245,000.00 100.00 245,000.00 245,299.47 0.00 299.47 0.12% 7,962.50 3.29% 0.22%RT 03.2500% MAT 07/01/24FIXED RATE CD

98.75 0.23%
PACIFIC CREST SVGS WA US 245,000.00 100.00 245,000.00 230,883.10 0.00 -14,116.90 -5.76% 2,940.00 1.27% 0.21%RT 01.2000% MAT 04/30/25FIXED RATE CD

94.24 0.22%
PACIFIC WSTN BK CA US RT 245,000.00 100.00 245,000.00 232,175.32 0.00 -12,824.68 -5.23% 3,307.50 1.43% 0.21%01.3500% MAT 04/16/25FIXED RATE CD

94.60 0.22%
PENTAGON FED CREDI VA 245,000.00 100.00 245,000.00 219,985.23 0.00 -25,014.77 -10.21% 4,165.00 1.89% 0.20%US RT 01.7000% MAT02/18/27 CREDIT UNIONSHARE CERT

89.73 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: December 01, 2023 Page 11 of 41 Item #11. Page 14
Meeting Date: 1/9/2024 / Packet Page #: 170
Consolidated report prepared for City of Glendora
Portfolio Holdingsas of November 30, 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 11/30/2023
Price on
11/30/2023
($)
% of
Fixed
Income
% of
portfolio
US
US Fixed Income
PREMIER CMNTY BK WI US 245,000.00 100.00 245,000.00 243,908.37 0.00 -1,091.63 -0.45% 12,740.00 5.24% 0.22%RT 05.2000% MAT 12/13/27FIXED RATE CD

99.30 0.23%
RAYMOND JAMES BK N FL 245,000.00 100.00 245,000.00 236,913.76 0.00 -8,086.24 -3.30% 4,410.00 1.86% 0.21%US RT 01.8000% MAT11/08/24 FIXED RATE CD

96.59 0.22%
SALLIE MAE BANK UT US RT 245,000.00 100.00 245,000.00 244,155.22 0.00 -844.78 -0.34% 8,207.50 3.40% 0.22%03.3500% MAT 08/05/24FIXED RATE CD

98.56 0.23%
SAN FRANCISCO FED CA US 245,000.00 100.00 245,000.00 231,392.80 0.00 -13,607.20 -5.55% 2,695.00 1.16% 0.21%RT 01.1000% MAT 03/27/25LICU SHARE CERTIFICATE

94.44 0.22%
SAVOY BK NY US RT 245,000.00 100.00 245,000.00 229,296.14 0.00 -15,703.86 -6.41% 1,960.00 0.86% 0.21%00.8000% MAT 05/13/25FIXED RATE CD

93.55 0.22%
SOMERSET TRUST CO PA US 245,000.00 100.00 245,000.00 231,339.14 0.00 -13,660.86 -5.58% 2,450.00 1.06% 0.21%RT 01.0000% MAT 03/19/25FIXED RATE CD

94.39 0.22%
STATE BANK OF INDI NY US 245,000.00 100.00 245,000.00 222,513.26 0.00 -22,486.74 -9.18% 2,205.00 0.99% 0.20%RT 00.9000% MAT 03/25/26FIXED RATE CD

90.66 0.21%
STOCKMAN BK MT US RT 245,000.00 100.00 245,000.00 230,109.84 0.00 -14,890.16 -6.08% 1,470.00 0.64% 0.21%00.6000% MAT 06/10/25FIXED RATE CD

93.64 0.22%
SYNCHRONY BANK UT US 245,000.00 100.00 245,000.00 235,167.28 0.00 -9,832.72 -4.01% 4,900.00 2.09% 0.21%RT 02.0000% MAT 03/25/25FIXED RATE CD

95.63 0.22%
TECHNOLOGY CREDIT CA 245,000.00 100.00 245,000.00 244,816.89 0.00 -183.11 -0.07% 12,250.00 5.02% 0.22%US RT 05.0000% MAT03/23/26 CREDIT UNIONSHARE CERT

99.53 0.23%
TEXAS EXCHANGE BK TX US 245,000.00 100.00 245,000.00 223,546.59 0.00 -21,453.41 -8.76% 1,470.00 0.66% 0.20%RT 00.6000% MAT 10/23/25FIXED RATE CD

91.23 0.21%
THIRD FED S&L ASSN OH US 245,000.00 100.00 245,000.00 236,635.00 0.00 -8,365.00 -3.41% 4,777.50 2.02% 0.21%RT 01.9500% MAT 11/25/24FIXED RATE CD

96.56 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: December 01, 2023 Page 12 of 41 Item #11. Page 15
Meeting Date: 1/9/2024 / Packet Page #: 171
Consolidated report prepared for City of Glendora
Portfolio Holdingsas of November 30, 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 11/30/2023
Price on
11/30/2023
($)
% of
Fixed
Income
% of
portfolio
US
US Fixed Income
TOYOTA FINL SVG BK NV US 245,000.00 100.00 245,000.00 221,683.75 0.00 -23,316.25 -9.52% 2,205.00 1.00% 0.20%RT 00.9000% MAT 04/22/26FIXED RATE CD

90.39 0.21%
UBS BANK UT US RT 245,000.00 100.00 245,000.00 219,803.23 0.00 -25,196.77 -10.28% 2,082.50 0.95% 0.20%00.8500% MAT 06/16/26FIXED RATE CD

89.68 0.21%
USALLIANCE FED CRE NY US 245,000.00 100.00 245,000.00 224,755.48 0.00 -20,244.52 -8.26% 1,225.00 0.55% 0.20%RT 00.5000% MAT 09/29/25FIXED RATE CD

91.65 0.21%
VALLEY STRONG CRED CA 240,000.00 100.00 240,000.00 236,775.06 0.00 -3,224.94 -1.34% 6,840.00 2.89% 0.21%US RT 02.8500% MAT06/21/24 FIXED RATE CD

98.59 0.22%
VALLEYSTAR CR UN M VA 245,000.00 100.00 245,000.00 244,154.72 0.00 -845.28 -0.35% 12,250.00 5.02% 0.22%US RT 05.0000% MAT03/20/26 LICU SHARECERTIFICATE

99.52 0.23%
VIGO CNTY FED CR U IN US 245,000.00 100.00 245,000.00 245,184.66 0.00 184.66 0.08% 12,862.50 5.26% 0.22%RT 05.2500% MAT 07/16/24LICU SHARE CERTIFICATE

99.87 0.23%
VYSTAR CREDIT UNIO FL US 205,000.00 100.09 205,184.74 204,901.60 -18,632.61 -283.14 -0.14% 7,482.50 3.65% 0.18%RT 03.6500% MAT 12/11/23LICU SHARE CERTIFICATE

99.95 0.19%
WEBBANK UT US RT 245,000.00 100.00 245,000.00 238,975.25 0.00 -6,024.75 -2.46% 857.50 0.36% 0.21%00.3500% MAT 05/28/24FIXED RATE CD

97.54 0.23%
WORKERS CREDIT UNI MA 245,000.00 100.00 245,000.00 244,983.52 0.00 -16.48 -0.01% 12,005.00 4.90% 0.22%US RT 04.9000% MAT01/26/24 LICU SHARECERTIFICATE

99.95 0.23%
Total US Fixed Income $19,154,066.59 $18,273,478.17 $-30,432.89 $-880,588.42 -4.60% $421,876.00 2.31% 17.28% 16.44% Government
FEDERAL FARM CREDIT 2,000,000.00 100.00 2,000,000.00 1,923,235.00 0.00 -76,765.00 -3.84% 19,400.00 1.01% 1.73%BANK 00.970 % DUE120924 DTD 120921 FC06092022

95.70 1.82%
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: December 01, 2023 Page 13 of 41 Item #11. Page 16
Meeting Date: 1/9/2024 / Packet Page #: 172
Consolidated report prepared for City of Glendora
Portfolio Holdingsas of November 30, 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 11/30/2023
Price on
11/30/2023
($)
% of
Fixed
Income
% of
portfolio
US
Government
FFCB BOND 00.210 % DUE 2,000,000.00 100.00 2,000,000.00 1,995,995.00 0.00 -4,005.00 -0.20% 4,200.00 0.21% 1.80%122123 DTD 122120 FC06212021

99.71 1.89%
FFCB BOND 00.440 % DUE 2,000,000.00 100.00 2,000,000.00 1,924,117.78 0.00 -75,882.22 -3.79% 8,800.00 0.46% 1.73%092324 DTD 092321 FC03232022

96.12 1.82%
FFCB BOND 00.600 % DUE 2,000,000.00 100.00 2,000,000.00 1,875,066.67 0.00 -124,933.33 -6.25% 12,000.00 0.64% 1.69%061625 DTD 061621 FC12162021

93.48 1.77%
FFCB BOND 00.600 % DUE 2,000,000.00 100.00 2,000,000.00 1,844,000.00 0.00 -156,000.00 -7.80% 12,000.00 0.65% 1.66%112425 DTD 112420 FC05242021

92.19 1.74%
FFCB BOND 00.610 % DUE 2,000,000.00 100.00 2,000,000.00 1,874,497.22 0.00 -125,502.78 -6.28% 12,200.00 0.65% 1.69%052325 DTD 082321 FC11232021

93.71 1.77%
FFCB BOND 00.660 % DUE 2,000,000.00 100.00 2,000,000.00 1,859,370.00 0.00 -140,630.00 -7.03% 13,200.00 0.71% 1.67%091525 DTD 091521 FC03152022

92.83 1.76%
FFCB BOND 00.680 % DUE 2,000,000.00 100.00 2,000,000.00 1,877,815.56 0.00 -122,184.44 -6.11% 13,600.00 0.72% 1.69%051925 DTD 051921 FC11192021

93.87 1.78%
FFCB BOND 00.710 % DUE 2,000,000.00 100.00 2,000,000.00 1,884,318.33 0.00 -115,681.67 -5.78% 14,200.00 0.75% 1.69%042125 DTD 042121 FC10212021

94.14 1.78%
FFCB BOND 01.840 % DUE 2,000,000.00 100.00 2,000,000.00 1,850,295.56 0.00 -149,704.44 -7.49% 36,800.00 2.00% 1.66%012627 DTD 012622 FC07262022

91.88 1.75%
FFCB NTS 00.940 % DUE 2,000,000.00 100.00 2,000,000.00 1,809,157.78 0.00 -190,842.22 -9.54% 18,800.00 1.04% 1.63%092826 DTD 092821 FC03282022

90.30 1.71%
FHLB BOND 00.625 % DUE 2,000,000.00 100.00 2,000,000.00 1,873,268.33 0.00 -126,731.67 -6.34% 12,500.00 0.67% 1.68%063025 DTD 063021 FC12302021

93.40 1.77%
FHLB BOND 01.050 % DUE 1,000,000.00 96.84 968,385.25 911,920.83 0.00 -56,464.42 -5.83% 10,500.00 1.16% 0.82%081326 DTD 081321 FC02132022

90.88 0.86%
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: December 01, 2023 Page 14 of 41 Item #11. Page 17
Meeting Date: 1/9/2024 / Packet Page #: 173
Consolidated report prepared for City of Glendora
Portfolio Holdingsas of November 30, 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 11/30/2023
Price on
11/30/2023
($)
% of
Fixed
Income
% of
portfolio
US
Government
FHLB BOND 01.780 % DUE 2,000,000.00 100.00 2,000,000.00 1,843,077.78 0.00 -156,922.22 -7.85% 35,600.00 1.94% 1.66%021027 DTD 021022 FC08102022

91.61 1.74%
FHLB BOND 02.010 % DUE 3,215,000.00 95.65 3,075,098.40 2,980,511.30 0.00 -94,587.10 -3.08% 64,621.50 2.18% 2.68%022527 DTD 022522 FC08252022

92.18 2.82%
FHLB BOND 05.400 % DUE 2,000,000.00 100.00 2,000,004.53 2,008,260.00 -0.72 8,255.47 0.41% 108,000.00 5.46% 1.81%022428 DTD 022423 FC08242023

98.97 1.90%
FHLB BOND 05.450 % DUE 490,000.00 100.00 490,000.00 491,931.96 0.00 1,931.96 0.39% 26,705.00 5.49% 0.44%031627 DTD 121622 FC03162023

99.27 0.47%
FHLB BOND 05.650 % DUE 2,000,000.00 100.00 2,000,004.70 1,997,824.44 -0.55 -2,180.26 -0.11% 113,000.00 5.68% 1.80%042828 DTD 042823 FC10282023

99.39 1.89%
FHLB BOND STEP-UP 2,000,000.00 100.00 2,000,000.00 1,853,671.67 0.00 -146,328.33 -7.32% 17,500.00 0.95% 1.67%0.875% DUE 063026 DTD063021 FC 12302021

92.32 1.75%
FHLB NTS 1.0500% DUE 2,000,000.00 100.00 2,000,000.00 1,847,800.00 0.00 -152,200.00 -7.61% 21,000.00 1.14% 1.66%033026 DTD 033021 FC09302021

92.22 1.75%
FHLB NTS 1.1500% DUE 2,000,000.00 100.00 2,000,000.00 1,832,105.56 0.00 -167,894.44 -8.39% 23,000.00 1.26% 1.65%082626 DTD 082621 FC02262022

91.31 1.73%
FHLB NTS 1.5000% DUE 2,000,000.00 100.00 2,000,000.00 1,862,800.00 0.00 -137,200.00 -6.86% 30,000.00 1.62% 1.68%063026 DTD 063021 FC12302021

92.52 1.76%
FHLMC MED TERM NTS 1,000,000.00 99.85 998,500.00 932,833.89 0.00 -65,666.11 -6.58% 5,000.00 0.54% 0.84%00.500 % DUE 072325 DTD072320 FC 01232021

93.11 0.88%
FHLMC MED TERM NTS 2,000,000.00 100.00 2,000,000.00 1,871,761.11 0.00 -128,238.89 -6.41% 14,600.00 0.78% 1.68%00.730 % DUE 052825 DTD052820 FC 11282020

93.58 1.77%
FHLMC MED TERM NTS 2,000,000.00 100.00 2,000,000.00 1,999,815.56 0.00 -184.44 -0.01% 61,000.00 3.09% 1.80%03.050 % DUE 062824 DTD062822 FC 12282022

98.70 1.89%
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: December 01, 2023 Page 15 of 41 Item #11. Page 18
Meeting Date: 1/9/2024 / Packet Page #: 174
Consolidated report prepared for City of Glendora
Portfolio Holdingsas of November 30, 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 11/30/2023
Price on
11/30/2023
($)
% of
Fixed
Income
% of
portfolio
US
Government
FHLMC MED TERM NTS 1,000,000.00 100.00 1,000,000.00 1,003,545.00 0.00 3,545.00 0.35% 51,000.00 5.17% 0.90%05.100 % DUE 012728 DTD013023 FC 07272023

98.61 0.95%
FHLMC MED TERM NTS 1,000,000.00 100.00 1,000,000.00 1,008,183.33 0.00 8,183.33 0.82% 51,000.00 5.12% 0.91%05.100 % DUE 022828 DTD022823 FC 08282023

99.52 0.95%
FHLMC MED TERM NTS 1,175,000.00 100.00 1,175,000.00 1,190,637.29 0.00 15,637.29 1.33% 62,275.00 5.33% 1.07%05.300 % DUE 012726 DTD012723 FC 07272023

99.52 1.13%
FNMA NTS 00.500 % DUE 1,000,000.00 100.00 999,950.00 929,312.22 0.00 -70,637.78 -7.06% 5,000.00 0.54% 0.84%081425 DTD 081420 FC02142021

92.78 0.88%
FNMA NTS 00.540 % DUE 2,000,000.00 100.00 2,000,000.00 1,846,870.00 0.00 -153,130.00 -7.66% 10,800.00 0.59% 1.66%102725 DTD 102720 FC04272021

92.29 1.75%
FNMA NTS 00.560 % DUE 2,000,000.00 100.00 2,000,000.00 1,843,744.44 0.00 -156,255.56 -7.81% 11,200.00 0.61% 1.66%111725 DTD 111720 FC05172021

92.17 1.74%
FNMA NTS 04.125 % DUE 988,000.00 99.59 983,948.13 983,665.15 0.00 -282.98 -0.03% 40,755.00 4.19% 0.88%082825 DTD 083022 FC02282023

98.53 0.93%
INTL FIN CORP NTS 00.500 2,000,000.00 100.00 2,000,000.00 1,836,936.67 0.00 -163,063.33 -8.15% 10,000.00 0.54% 1.65%% DUE 051526 DTD 052821FC 11152021

91.83 1.74%
US TSY NOTE 01.125 % DUE 1,000,000.00 98.21 982,052.13 910,457.20 0.00 -71,594.93 -7.29% 11,250.00 1.24% 0.82%10/31/26 DTD 10/31/21 FC04/30/22

90.95 0.86%
US TSY NOTE 01.750 % DUE 1,500,000.00 97.67 1,465,036.50 1,457,483.72 0.00 -7,552.78 -0.52% 26,250.00 1.81% 1.31%12/31/24 DTD 12/31/19 FC06/30/20

96.44 1.38%
US TSY NOTE 02.375 % DUE 1,000,000.00 99.71 997,067.75 986,555.57 0.00 -10,512.18 -1.05% 23,750.00 2.42% 0.89%08/15/24 DTD 08/15/14 FC02/15/15

97.97 0.93%
Total Government $62,135,047.39 $59,022,841.91 $-1.27 $-3,112,205.48 -5.01% $1,011,506.50 1.71% 55.82% 53.08% Assets held at other financial institutions are included in this report. We have not verified, and are not responsible for, the accuracy or completeness of this information.Accrued interest, if any, has been included in the total market value.Report created on: December 01, 2023 Page 16 of 41 Item #11. Page 19
Meeting Date: 1/9/2024 / Packet Page #: 175
Consolidated report prepared for City of Glendora
Portfolio Holdingsas of November 30, 2023 (continued)
Unrealized
gain/loss ($)
Unrealized
gain/loss
Quantity (%)
Current
Cost basis ($) yield (%)
Est. annual
income ($)
Purchase
price ($) /
Avg Price Market value ($)
Amort/Accr.($)
as of
Fixed Income 11/30/2023
Price on
11/30/2023
($)
% of
Fixed
Income
% of
portfolio
US
Municipals
SULPHUR SPRINGS CAL UNI 250,000.00 100.00 250,000.00 252,634.87 0.00 2,634.87 1.05% 12,872.50 5.16% 0.23%TAX SR F BE/R/ 5.149090124 DTD 110322

99.78 0.24%
Total Municipals $250,000.00 $252,634.87 $0.00 $2,634.87 1.05% $12,872.50 5.10% 0.24% 0.23%Corporate IG Credit AMAZON COM INC NTS B/E 1,000,000.00 100.15 1,001,471.84 944,383.33 -3,350.85 -57,088.51 -5.70% 8,000.00 0.85% 0.85%00.800% 060325DTD060320CALL@MW+10BP

94.05 0.89%
CATERPILLAR FINL SERVICE 2,026,000.00 101.08 2,047,976.38 1,922,540.62 -48,468.83 -125,435.76 -6.12% 29,377.00 1.53% 1.73%01.450% 051525DTD051520 FC111520CALL@MW+20BP

94.83 1.82%
CHARLES SCHWAB CORP 2,000,000.00 99.49 1,989,860.00 1,804,730.00 0.00 -185,130.00 -9.30% 18,000.00 1.00% 1.62%NTS 00.900% 031126DTD121120 FC031121CALL@MW+10BP

90.04 1.71%
COMCAST CORP NEW B/E 1,000,000.00 104.41 1,044,127.80 979,933.75 -75,013.47 -64,194.05 -6.15% 33,750.00 3.48% 0.88%03.375% 081525DTD052715 FC081515CALL@MW+20BP

97.01 0.93%
E I DU PONT DE NEMOURS 2,141,000.00 101.21 2,166,928.82 2,024,583.13 -39,865.23 -142,345.70 -6.57% 36,397.00 1.81% 1.82%01.700% 071525DTD051520 FC011521CALL@MW+25BP

93.93 1.91%
HONEYWELL INTL NTS B/E 1,122,000.00 100.88 1,131,904.02 1,105,448.63 -49,140.65 -26,455.39 -2.34% 25,806.00 2.35% 0.99%02.300% 081524DTD080819CALL@MW+10BP

97.85 1.05%
IBM CORP NTS B/E 03.000% 1,664,000.00 101.00 1,680,587.50 1,646,910.72 -122,240.71 -33,676.78 -2.00% 49,920.00 3.03% 1.48%051524 DTD051519FC111519CALL@MW+15BP

98.85 1.56%
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: December 01, 2023 Page 17 of 41 Item #11. Page 20
Meeting Date: 1/9/2024 / Packet Page #: 176
Consolidated report prepared for City of Glendora
Portfolio Holdingsas of November 30, 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 11/30/2023
Price on
11/30/2023
($)
% of
Fixed
Income
% of
portfolio
US
Corporate IG Credit
INTEL CORP NTS B/E 1,054,000.00 103.72 1,093,256.44 1,035,553.83 -94,430.98 -57,702.61 -5.28% 35,836.00 3.48% 0.93%03.400% 032525DTD032520CALL@MW+45BP

97.64 0.98%
JOHN DEERE CAPITAL CORP 1,124,000.00 101.69 1,142,952.58 1,096,101.38 -50,063.40 -46,851.20 -4.10% 23,042.00 2.12% 0.99%02.050% 010925DTD010920 FC070920 NTSB/E

96.72 1.04%
JOHN DEERE CPTL CORP 2,000,000.00 100.08 2,001,682.27 1,838,910.00 -2,219.91 -162,772.27 -8.13% 14,000.00 0.76% 1.65%00.700% 011526DTD010721 FC071521 MEDTERM NTS

91.68 1.74%
JPMORGAN CHASE & CO 1,200,000.00 100.00 1,200,000.00 1,073,866.67 0.00 -126,133.33 -10.51% 9,600.00 0.90% 0.97%00.800% 022626DTD022621 FC082621 MEDTERM NTS

89.28 1.02%
JPMORGAN CHASE & CO 1,017,000.00 102.33 1,040,679.14 1,002,227.37 -69,229.89 -38,451.77 -3.69% 31,781.25 3.21% 0.90%B/E 03.125% 012325DTD012315 FC072315

97.45 0.95%
MASTERCARD INC NTS B/E 2,000,000.00 101.09 2,021,782.84 1,935,366.67 -60,904.93 -86,416.17 -4.27% 40,000.00 2.08% 1.74%02.000% 030325DTD120319 FC030320CALL@MW+10BP

96.29 1.83%
MICROSOFT CORP B/E 1,000,000.00 102.56 1,025,626.11 980,660.00 -68,803.00 -44,966.11 -4.38% 27,000.00 2.78% 0.88%02.700% 021225DTD021215 FC081215CALL@MW+12.5BP

97.26 0.93%
MORGAN STANLEY FIN LLC 2,000,000.00 100.00 2,000,000.00 1,760,705.00 0.00 -239,295.00 -11.96% 21,000.00 1.20% 1.58%01.050% 082726DTD082721 FC022722 MEDTERM NTS

87.76 1.67%
TARGET CORP NTS B/E 2,000,000.00 101.89 2,037,789.10 1,929,405.00 -94,586.88 -108,384.10 -5.32% 45,000.00 2.34% 1.74%02.250% 041525DTD033120 FC101520CALL@MW+30BP

96.19 1.82%
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: December 01, 2023 Page 18 of 41 Item #11. Page 21
Meeting Date: 1/9/2024 / Packet Page #: 177
Consolidated report prepared for City of Glendora
Portfolio Holdingsas of November 30, 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 11/30/2023
Price on
11/30/2023
($)
% of
Fixed
Income
% of
portfolio
US
Corporate IG Credit
TOYOTA MOTOR CRDT 2,000,000.00 99.45 1,988,920.00 1,928,913.61 0.00 -60,006.39 -3.02% 12,500.00 0.65% 1.73%CORP 00.625% 091324DTD091321 FC031322 NTSB/E

96.31 1.82%
TRUIST BANK NTS B/E 1,386,000.00 100.83 1,397,474.86 1,349,231.73 -40,905.41 -48,243.13 -3.45% 29,799.00 2.23% 1.21%02.150% 120624DTD120619 FC060620

96.31 1.28%
UNITED HEALTH GROUP INC 2,000,000.00 100.12 2,002,378.01 1,833,538.33 -2,384.64 -168,839.68 -8.43% 23,000.00 1.26% 1.65%01.150% 051526DTD051921 FC111521CALL@MW+07.50BP

91.63 1.73%
Total Corporate IG Credit $30,015,397.71 $28,193,009.77 $-821,608.78 $-1,822,387.94 -6.07% $513,808.25 1.82% 26.66% 25.36% Total US $105,741,964.72 $-852,042.94 95.11% $111,554,511.69 $-5,812,546.97 -5.21% $1,960,063.25 1.85% 100% $105,741,964.72 $-852,042.94 95.11% $111,554,511.69 Total Fixed Income $-5,812,546.97 -5.21% $1,960,063.25 1.85% 100% Total Portfolio $111,180,472.88 $-5,812,546.97 -5.03% $2,038,901.57 1.83% 100% $115,495,761.32 100% Unrealized
gain/loss
(%)
Unrealized
gain/loss ($)
% of
asset
class
Est. annual
Cost basis ($) income ($)
Current
Market value ($) yield (%)
% of
portfolio
Total accrued interest (included in market values): $436,087.59 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: December 01, 2023 Page 19 of 41 Item #11. Page 22
Meeting Date: 1/9/2024 / Packet Page #: 178
Consolidated report prepared for City of Glendora
Bond Holdingsas of November 30, 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 2 2,205,000 11,682.50 0.53% 5.24% 5.24% 0.06 2,205,184.74 -6,143.14 2,200,896.60

2.09%
2024 32 20,284,000 413,020.50 2.09% 5.44% 5.44% 0.71 20,276,008.94 -517,677.23 19,864,112.37

18.76%
2025 51 44,073,000 556,338.75 1.34% 5.12% 5.12% 1.51 44,328,123.35 -2,803,349.33 41,639,858.98

39.43%
2026 31 28,540,000 389,885.00 1.49% 5.19% 5.19% 2.37 28,484,357.66 -2,302,934.21 26,273,845.66

24.86%
2027 12 9,665,000 228,651.50 2.55% 4.82% 4.82% 3.06 9,525,827.77 -560,176.32 9,015,381.77

8.51%
2028 7 6,735,000 360,485.00 5.40% 5.58% 5.58% 3.76 6,735,009.23 -58,354.33 6,747,869.35

6.34%
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 135 111,502,000 $1,960,063.25 1.86% 5.21% 5.21% 1.77 $111,554,511.69 $-6,248,634.56 $105,741,964.72Includes all fixed-rate securities in the selected portfolio. Average yields and durations exclude Structured Product, Pass-Through, Perpetual Preferred, and Foreign securities.Accrued interest, if any, has been included in the total market value.Report created on: December 01, 2023 Page 20 of 41 Item #11. Page 23
Meeting Date: 1/9/2024 / Packet Page #: 179
Consolidated report prepared for City of Glendora
Bond Holdingsas of November 30, 2023 (continued)
Effective rating/
Underlying rating
(Mdy/Fitch/S&P)
Mkt. value ($)/
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 ($)

5.21%5.21%
11/02/2025 N/A 1.77$111,554,511.6 N/A $105,305,877.13
$-6,248,634.56
111,502,000

1.86% $436,087.59

1.79% $1,960,063.25 100%
$105,741,964.72
Total Bond Portfolio
Details of Bond Holdings
Est. annual
income ($)/
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 ($)/
Unreal. g/l ($)
205,000 205,184.74 99.952

0.00 3.65%

3.65% -283.14
12/11/2023 0.03 204,901.60 0.19%

5.25%
VYSTAR CREDIT UNIO FL US 7,482.50 5.25%RT 03.6500% MAT 12/11/23LICU SHARE CERTIFICATE /FL CD
2,000,000 2,000,000.00 99.707
1,855.00

0.21%

0.21% -5,860.00
12/21/2023 0.06 1,994,140.00 1.89%

5.24%
4,200.00 5.24%

NR/NR/NR
FFCB BOND 00.210 % DUE Aaa/AA+/AA+122123 DTD 122120 FC06212021 Total 2023 2,205,000 0.53% 12/20/2023 $11,682.50

0.53%

5.24%5.24%

0.06 $2,205,184.74
$-6,143.14
$2,199,041.60
$1,855.00

2.09%
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 99.953

98.67 4.90%

4.90% -115.15
01/26/2024 0.15 244,884.85 0.23%

5.20%
WORKERS CREDIT UNI MA 12,005.00 5.20%US RT 04.9000% MAT01/26/24 LICU SHARECERTIFICATE /MA CD
245,000 245,000.00 99.461
2,104.32

2.85%

2.87% -1,320.55
02/12/2024 0.20 243,679.45 0.23%

5.50%
HOME SAVINGS BANK UT US 6,982.50 5.50%RT 02.8500% MAT 02/12/24FIXED RATE CD /UT CD
245,000 245,000.00 99.482
286.95

2.85%

2.86% -1,269.10
02/15/2024 0.21 243,730.90 0.23%

5.33%
BANK OF NEW ENGLAN NH 6,982.50 5.33%US RT 02.8500% MAT02/15/24 FIXED RATE CD /NH CD
245,000 245,000.00 99.444
191.30

2.85%

2.87% -1,362.20
02/21/2024 0.23 243,637.80 0.23%

5.32%
FIRST N/B MCGREG TX US RT 6,982.50 5.32%02.8500% MAT 02/21/24FIXED 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: December 01, 2023 Page 21 of 41 Item #11. Page 24
Meeting Date: 1/9/2024 / Packet Page #: 180
Consolidated report prepared for City of Glendora
Bond Holdingsas of November 30, 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 99.923
992.75

5.10%

5.10% -188.65
03/08/2024 0.27 244,811.35 0.23%

5.39%
LIBERTY FED CREDIT IN US RT 12,495.00 5.39%05.1000% MAT 03/08/24LICU SHARE CERTIFICATE /IN CD
245,000 245,000.00 98.791
605.45

2.20%

2.23% -2,962.05
04/17/2024 0.37 242,037.95 0.23%

5.44%
BEAL BANK - PLANO TX US 5,390.00 5.44%RT 02.2000% MAT 04/17/24FIXED RATE CD /TX CD
1,664,000 1,680,587.50 98.848
2,080.00

3.00%

3.03% -35,756.78
05/15/2024 0.45 1,644,830.72 1.56%

5.57%
49,920.00 5.57%

NR/NR/NR
A3/A-/A- IBM CORP NTS B/E 03.000%
051524 DTD051519FC111519 CALL@MW+15BP
245,000 245,000.00 97.530

0.00 0.30%

0.31% -6,051.50
05/28/2024 0.49 238,948.50 0.23%

5.39%
CONNEXUS CREDIT UN WI 735.00 5.39%US RT 00.3000% MAT05/28/24 CREDIT UNIONSHARE CERT /WI CD
245,000 245,000.00 97.539

4.70 0.35%

0.36% -6,029.45
05/28/2024 12/28/2023 0.48 238,970.55 0.23%

5.49%5.49%
100.00
WEBBANK UT US RT 857.5000.3500% MAT 05/28/24FIXED RATE CD /UT CD
240,000 240,000.00 98.586
168.66

2.85%

2.89% -3,393.60
06/21/2024 12/21/2023 0.55 236,606.40 0.22%

5.43%5.43%
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 98.185
1,827.43

2.25%

2.29% -4,446.75
06/28/2024 0.56 240,553.25 0.23%

5.46%
COMMUNITYWIDE FED IN US 5,512.50 5.46%RT 02.2500% MAT 06/28/24FIXED RATE CD /IN CD
2,000,000 2,000,000.00 98.703
25,755.56

3.05%

3.09% -25,940.00
06/28/2024 12/28/2023 0.56 1,974,060.00 1.87%

5.35%5.35%
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 98.751
3,359.52

3.25%

3.29% -3,060.05
07/01/2024 0.56 241,939.95 0.23%

5.44%
OCEANFIRST BK NA NJ US RT 7,962.50 5.44%03.2500% MAT 07/01/24FIXED RATE CD /NJ CD
245,000 245,000.00 99.943
6,068.95

5.35%

5.35% -139.65
07/05/2024 0.57 244,860.35 0.23%

5.44%
CADENCE BANK MS US RT 13,107.50 5.44%05.3500% MAT 07/05/24FIXED RATE CD /MS CD
245,000 245,000.00 99.874
493.36

5.25%

5.26% -308.70
07/16/2024 0.61 244,691.30 0.23%

5.45%
VIGO CNTY FED CR U IN US 12,862.50 5.45%RT 05.2500% MAT 07/16/24LICU SHARE CERTIFICATE /IN CD
Includes all fixed-rate securities in the selected portfolio. Average yields and durations exclude Structured Product, Pass-Through, Perpetual Preferred, and Foreign securities.Accrued interest, if any, has been included in the total market value.Report created on: December 01, 2023 Page 22 of 41 Item #11. Page 25
Meeting Date: 1/9/2024 / Packet Page #: 181
Consolidated report prepared for City of Glendora
Bond Holdingsas of November 30, 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 98.563
2,675.87

3.35%

3.40% -3,520.65
08/05/2024 0.66 241,479.35 0.23%

5.51%
SALLIE MAE BANK UT US RT 8,207.50 5.51%03.3500% MAT 08/05/24FIXED RATE CD /UT CD
1,122,000 1,131,904.02 97.854
7,526.75

2.30%

2.35% -33,982.14
08/15/2024 07/15/2024 0.68 1,097,921.88 1.04%

5.42%5.42%
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 97.965
6,905.57

2.38%

2.42% -17,417.75
08/15/2024 0.69 979,650.00 0.93%

5.33%
23,750.00 5.33%

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 97.495
1,342.47

2.00%

2.05% -6,137.25
08/22/2024 0.71 238,862.75 0.23%

5.55%
MORGAN STANLEY PRV NY 4,900.00 5.55%US RT 02.0000% MAT08/22/24 FIXED RATE CD /NY CD
245,000 245,000.00 97.323

0.00 1.85%

1.90% -6,558.65
08/30/2024 0.74 238,441.35 0.23%

5.50%
FIRST NATL BK KS US RT 4,532.50 5.50%01.8500% MAT 08/30/24FIXED RATE CD /KS CD
245,000 245,000.00 97.286

0.00 1.80%

1.85% -6,649.30
08/30/2024 0.74 238,350.70 0.23%

5.50%
FIRST ST BK AR US RT 4,410.00 5.50%01.8000% MAT 08/30/24FIXED RATE CD /AR CD
250,000 250,000.00 99.781
3,182.37

5.15%

5.16% -547.50
09/01/2024 0.72 249,452.50 0.24%

5.44%
12,872.50 5.44%

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 96.312
2,673.61

0.63%

0.65% -62,680.00
09/13/2024 0.76 1,926,240.00 1.83%

5.48%
12,500.00 5.48%

NR/NR/NR
TOYOTA MOTOR CRDT A1/A+/A+CORP 00.625% 091324DTD091321 FC031322 NTSB/E 2,000,000 2,000,000.00 96.124
1,637.78

0.44%

0.46% -77,520.00
09/23/2024 0.79 1,922,480.00 1.83%

5.37%
8,800.00 5.37%

NR/NR/NR
FFCB BOND 00.440 % DUE Aaa/AA+/AA+092324 DTD 092321 FC03232022 248,000 251,018.31 97.215
924.05

2.00%

2.06% -9,925.11
09/23/2024 0.79 241,093.20 0.23%

5.52%
MONEY ONE FED CRED MD 4,960.00 5.52%US RT 02.0000% MAT09/23/24 FIXED RATE CD/MD CD
219,000 219,000.00 96.577

0.00 1.70%

1.76% -7,496.37
10/31/2024 N/A 211,503.63 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
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: December 01, 2023 Page 23 of 41 Item #11. Page 26
Meeting Date: 1/9/2024 / Packet Page #: 182
Consolidated report prepared for City of Glendora
Bond Holdingsas of November 30, 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 96.591
265.81

1.80%

1.86% -8,352.05
11/08/2024 0.91 236,647.95 0.22%

5.56%
RAYMOND JAMES BK N FL 4,410.00 5.56%US RT 01.8000% MAT11/08/24 FIXED RATE CD /FL CD
245,000 245,000.00 96.559

65.45 1.95%

2.02% -8,430.45
11/25/2024 0.96 236,569.55 0.22%

5.58%
THIRD FED S&L ASSN OH US 4,777.50 5.58%RT 01.9500% MAT 11/25/24FIXED RATE CD /OH CD
245,000 245,000.00 96.317

11.75 1.75%

1.82% -9,023.35
11/29/2024 0.99 235,976.65 0.22%

5.55%
MCHENRY SVGS BK IL US RT 4,287.50 5.55%01.7500% MAT 11/29/24FIXED RATE CD /IL CD
1,386,000 1,397,474.86 96.308
14,402.85

2.15%

2.23% -62,645.98
12/06/2024 11/06/2024 0.97 1,334,828.88 1.27%

5.95%5.95%
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 95.701
9,215.00

0.97%

1.01% -85,980.00
12/09/2024 0.99 1,914,020.00 1.82%

5.34%
19,400.00 5.34%

NR/NR/NR
FEDERAL FARM CREDIT Aaa/AA+/AA+BANK 00.970 % DUE120924 DTD 120921 FC06092022 1,500,000 1,465,036.50 96.438
10,913.72

1.75%

1.81% -18,466.50
12/31/2024 1.04 1,446,570.00 1.37%

5.17%
26,250.00 5.17%

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% 08/27/2024 $413,020.50

2.09%

5.44%5.44%

0.71$20,276,008.94
$-517,677.23
$19,758,331.71
$105,780.66

18.76%
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 1,142,952.58 96.715
9,024.78

2.05%

2.12% -55,875.98
01/09/2025 1.07 1,087,076.60 1.03%

5.13%
23,042.00 5.13%

NR/NR/NR
JOHN DEERE CAPITAL CORP A2/A+/A02.050% 010925DTD010920 FC070920 NTSB/E 1,017,000 1,040,679.14 97.445
11,211.72

3.13%

3.21% -49,663.49
01/23/2025 10/23/2024 1.09 991,015.65 0.94%

5.45%5.45%
100.00
31,781.25

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

03.125% 012325DTD012315 FC072315
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: December 01, 2023 Page 24 of 41 Item #11. Page 27
Meeting Date: 1/9/2024 / Packet Page #: 183
Consolidated report prepared for City of Glendora
Bond Holdingsas of November 30, 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 1,025,626.11 97.256
8,100.00

2.70%

2.78% -53,066.11
02/12/2025 11/12/2024 1.15 972,560.00 0.92%

5.08%5.08%
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 95.348

32.22 1.60%

1.68% -11,397.40
02/27/2025 1.23 233,602.60 0.22%

5.47%
BELL ST B&T ND US RT 3,920.00 5.47%01.6000% MAT 02/27/25FIXED RATE CD /ND CD
245,000 245,000.00 95.408

33.23 1.65%

1.73% -11,250.40
02/27/2025 1.23 233,749.60 0.22%

5.47%
CITADEL FED CREDIT PA US 4,042.50 5.47%RT 01.6500% MAT 02/27/25CREDIT UNION SHARE CERT/PA CD
2,000,000 2,021,782.84 96.285
9,666.67

2.00%

2.08% -96,082.84
03/03/2025 02/03/2025 1.21 1,925,700.00 1.83%

5.08%5.08%
100.00
40,000.00

NR/NR/NR
MASTERCARD INC NTS B/E Aa3/NR/A+02.000% 030325DTD120319 FC030320CALL@MW+10BP 245,000 245,134.17 95.552
1,051.15

1.80%

1.88% -11,031.77
03/04/2025 1.22 234,102.40 0.22%

5.49%
BMW BANK NORTH AME UT 4,410.00 5.49%US RT 01.8000% MAT03/04/25 FIXED RATE CD /UT CD
245,000 245,000.00 94.394

73.84 1.00%

1.06% -13,734.70
03/19/2025 1.29 231,265.30 0.22%

5.48%
SOMERSET TRUST CO PA US 2,450.00 5.48%RT 01.0000% MAT 03/19/25FIXED RATE CD /PA CD
1,054,000 1,093,256.44 97.636
6,470.39

3.40%

3.48% -64,173.00
03/25/2025 02/25/2025 1.26 1,029,083.44 0.98%

5.27%5.27%
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 95.625
886.03

2.00%

2.09% -10,718.75
03/25/2025 1.27 234,281.25 0.22%

5.48%
SYNCHRONY BANK UT US RT 4,900.00 5.48%02.0000% MAT 03/25/25FIXED RATE CD /UT CD
245,000 245,000.00 94.437

22.15 1.10%

1.16% -13,629.35
03/27/2025 1.31 231,370.65 0.22%

5.47%
SAN FRANCISCO FED CA US 2,695.00 5.47%RT 01.1000% MAT 03/27/25LICU SHARE CERTIFICATE/CA CD
245,000 245,000.00 94.518
130.89

1.30%

1.38% -13,430.90
04/15/2025 1.36 231,569.10 0.22%

5.45%
HORIZON BK NE US RT 3,185.00 5.45%01.3000% MAT 04/15/25FIXED RATE CD /NE 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: December 01, 2023 Page 25 of 41 Item #11. Page 28
Meeting Date: 1/9/2024 / Packet Page #: 184
Consolidated report prepared for City of Glendora
Bond Holdingsas of November 30, 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 2,037,789.10 96.189
5,625.00

2.25%

2.34% -114,009.10
04/15/2025 03/15/2025 1.32 1,923,780.00 1.83%

5.15%5.15%
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 94.599
407.77

1.35%

1.43% -13,232.45
04/16/2025 1.33 231,767.55 0.22%

5.47%
PACIFIC WSTN BK CA US RT 3,307.50 5.47%01.3500% MAT 04/16/25FIXED RATE CD /CA CD
2,000,000 2,000,000.00 94.139
1,538.33

0.71%

0.75% -117,220.00
04/21/2025 1.35 1,882,780.00 1.79%

5.13%
14,200.00 5.13%

NR/NR/NR
FFCB BOND 00.710 % DUE Aaa/AA+/AA+042125 DTD 042121 FC10212021 245,000 245,000.00 93.999
208.08

1.00%

1.06% -14,702.45
04/30/2025 1.37 230,297.55 0.22%

5.46%
CENTERSTATE BK NA FL US 2,450.00 5.46%RT 01.0000% MAT 04/30/25FIXED RATE CD /FL CD
245,000 245,000.00 94.066
218.49

1.05%

1.12% -14,538.30
04/30/2025 1.37 230,461.70 0.22%

5.46%
FLAGSTAR BANK, FSB MI US 2,572.50 5.46%RT 01.0500% MAT 04/30/25FIXED RATE CD /MI CD
245,000 245,000.00 94.238

0.00 1.20%

1.27% -14,116.90
04/30/2025 1.40 230,883.10 0.22%

5.44%
PACIFIC CREST SVGS WA US 2,940.00 5.44%RT 01.2000% MAT 04/30/25FIXED RATE CD /WA CD
245,000 245,000.00 93.553

91.29 0.80%

0.86% -15,795.15
05/13/2025 1.44 229,204.85 0.22%

5.43%
SAVOY BK NY US RT 1,960.00 5.43%00.8000% MAT 05/13/25FIXED RATE CD /NY CD
2,026,000 2,047,976.38 94.833
1,224.04

1.45%

1.53% -126,659.80
05/15/2025 1.41 1,921,316.58 1.82%

5.17%
29,377.00 5.17%

NR/NR/NR
CATERPILLAR FINL SERVICE A2/A+/A01.450% 051525DTD051520 FC111520CALL@MW+20BP 245,000 245,000.00 93.532

80.55 0.80%

0.86% -15,846.60
05/15/2025 1.44 229,153.40 0.22%

5.43%
ENCORE BANK AR US RT 1,960.00 5.43%00.8000% MAT 05/15/25FIXED RATE CD /AR CD
2,000,000 2,000,000.00 93.870
415.56

0.68%

0.72% -122,600.00
05/19/2025 1.43 1,877,400.00 1.78%

5.06%
13,600.00 5.06%

NR/NR/NR
FFCB BOND 00.680 % DUE Aaa/AA+/AA+051925 DTD 051921 FC11192021 2,000,000 2,000,000.00 93.713
237.22

0.61%

0.65% -125,740.00
05/23/2025 1.44 1,874,260.00 1.78%

5.07%
12,200.00 5.07%

NR/NR/NR
FFCB BOND 00.610 % DUE Aaa/AA+/AA+052325 DTD 082321 FC11232021 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: December 01, 2023 Page 26 of 41 Item #11. Page 29
Meeting Date: 1/9/2024 / Packet Page #: 185
Consolidated report prepared for City of Glendora
Bond Holdingsas of November 30, 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 93.584

81.11 0.73%

0.78% -128,320.00
05/28/2025 02/28/2024 1.45 1,871,680.00 1.78%

5.25%5.25%
100.00
14,600.00

NR/NR/NR
FHLMC MED TERM NTS Aaa/AA+/NR00.730 % DUE 052825 DTD052820 FC 11282020 1,000,000 1,001,471.84 94.045
3,933.33

0.80%

0.85% -61,021.84
06/03/2025 05/03/2025 1.46 940,450.00 0.89%

4.95%4.95%
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 93.638
696.74

0.60%

0.64% -15,586.90
06/10/2025 1.48 229,413.10 0.22%

4.98%
STOCKMAN BK MT US RT 1,470.00 4.98%00.6000% MAT 06/10/25FIXED RATE CD /MT CD
2,000,000 2,000,000.00 93.480
5,466.67

0.60%

0.64% -130,400.00
06/16/2025 1.50 1,869,600.00 1.78%

5.04%
12,000.00 5.04%

NR/NR/NR
FFCB BOND 00.600 % DUE Aaa/AA+/AA+061625 DTD 061621 FC12162021 245,000 245,000.00 93.097

47.99 0.65%

0.70% -16,912.35
06/19/2025 1.54 228,087.65 0.22%

5.29%
ENERBANK UT US RT 1,592.50 5.29%00.6500% MAT 06/19/25FIXED RATE CD /UT CD
245,000 245,000.00 93.095

44.30 0.60%

0.64% -16,917.25
06/19/2025 1.54 228,082.75 0.22%

5.24%
MORTON CMNTY BK IL US 1,470.00 5.24%RT 00.6000% MAT 06/19/25FIXED RATE CD /IL CD
245,000 245,000.00 93.019

16.11 0.60%

0.65% -17,103.45
06/26/2025 1.56 227,896.55 0.22%

5.24%
FIRST CAROLINA BK NC US 1,470.00 5.24%RT 00.6000% MAT 06/26/25FIXED RATE CD /NC CD
2,000,000 2,000,000.00 93.403
5,208.33

0.63%

0.67% -131,940.00
06/30/2025 06/30/2024 1.54 1,868,060.00 1.77%

5.01%5.01%
100.00
12,500.00

NR/NR/NR
FHLB BOND 00.625 % DUE Aaa/NR/AA+063025 DTD 063021 FC12302021 2,141,000 2,166,928.82 93.925
13,648.88

1.70%

1.81% -155,994.57
07/15/2025 06/15/2025 1.55 2,010,934.25 1.91%

5.66%5.66%
100.00
36,397.00

NR/NR/NR
E I DU PONT DE NEMOURS A3/A/A01.700% 071525DTD051520 FC011521CALL@MW+25BP 1,000,000 998,500.00 93.107
1,763.89

0.50%

0.54% -67,430.00
07/23/2025 1.60 931,070.00 0.88%

4.91%
5,000.00 4.91%

NR/NR/NR
FHLMC MED TERM NTS Aaa/AA+/NR00.500 % DUE 072325 DTD072320 FC 01232021 245,000 245,000.00 92.342

0.00 0.55%

0.60% -18,762.10
07/30/2025 1.65 226,237.90 0.21%

5.37%
MEDALLION BK UT US RT 1,347.50 5.37%00.5500% MAT 07/30/25FIXED 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: December 01, 2023 Page 27 of 41 Item #11. Page 30
Meeting Date: 1/9/2024 / Packet Page #: 186
Consolidated report prepared for City of Glendora
Bond Holdingsas of November 30, 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 ($)/
Unreal. g/l ($)
1,000,000 999,950.00 92.784
1,472.22

0.50%

0.54% -72,110.00
08/14/2025 02/14/2024 1.66 927,840.00 0.88%

4.96%4.96%
100.00
5,000.00

NR/NR/NR
FNMA NTS 00.500 % DUE Aaa/AA+/AA+081425 DTD 081420 FC02142021 1,000,000 1,044,127.80 97.009
9,843.75

3.38%

3.48% -74,037.80
08/15/2025 05/15/2025 1.62 970,090.00 0.92%

5.22%5.22%
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 91.811

10.74 0.40%

0.44% -20,063.05
08/26/2025 1.73 224,936.95 0.21%

5.34%
COMMUNITY BK TN US RT 980.00 5.34%00.4000% MAT 08/26/25FIXED RATE CD /TN CD
245,000 245,000.00 91.789

5.37 0.40%

0.44% -20,116.95
08/28/2025 1.73 224,883.05 0.21%

5.34%
BANK3 TENNESSEE TN US RT 980.00 5.34%00.4000% MAT 08/28/25FIXED RATE CD /TN CD
988,000 983,948.13 98.530
10,188.75

4.13%

4.19% -10,471.73
08/28/2025 02/28/2024 1.64 973,476.40 0.92%

5.01%5.01%
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 91.789

77.86 0.40%

0.44% -20,116.95
08/29/2025 1.73 224,883.05 0.21%

5.33%
HOME LN INVT BK RI US RT 980.00 5.33%00.4000% MAT 08/29/25FIXED RATE CD /RI CD
2,000,000 2,000,000.00 92.831
2,750.00

0.66%

0.71% -143,380.00
09/15/2025 1.74 1,856,620.00 1.76%

4.89%
13,200.00 4.89%

NR/NR/NR
FFCB BOND 00.660 % DUE Aaa/AA+/AA+091525 DTD 091521 FC03152022 245,000 245,000.00 91.522

21.48 0.40%

0.44% -20,771.10
09/22/2025 12/22/2023 1.80 224,228.90 0.21%

5.32%5.32%
100.00
AMERICAN COMM BK GA 980.00US RT 00.4000% MAT09/22/25 FIXED RATE CD /GA CD
108,000 108,000.00 91.595

71.46 0.35%

0.38% -9,077.40
09/22/2025 1.76 98,922.60 0.09%

5.27%
CHAMBERS BANK AK US RT 378.00 5.27%00.3500% MAT 09/22/25FIXED RATE CD /AK CD
245,000 245,000.00 91.652
208.08

0.50%

0.55% -20,452.60
09/29/2025 12/29/2023 1.80 224,547.40 0.21%

5.31%5.31%
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 92.010
286.62

0.70%

0.76% -19,575.50
09/30/2025 03/31/2024 1.78 225,424.50 0.21%

5.32%5.32%
100.00
JPMORGAN CHASE BK OH 1,715.00US RT 00.7000% MAT09/30/25 FIXED RATE CD /OH 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: December 01, 2023 Page 28 of 41 Item #11. Page 31
Meeting Date: 1/9/2024 / Packet Page #: 187
Consolidated report prepared for City of Glendora
Bond Holdingsas of November 30, 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 98.568
302.05

4.50%

4.57% -3,508.40
10/20/2025 12/20/2023 1.80 241,491.60 0.23%

5.30%5.30%
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 91.232

28.19 0.60%

0.66% -21,481.60
10/23/2025 12/23/2023 1.88 223,518.40 0.21%

5.47%5.47%
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 92.294
990.00

0.54%

0.59% -154,120.00
10/27/2025 10/27/2024 1.86 1,845,880.00 1.75%

4.81%4.81%
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 92.167
404.44

0.56%

0.61% -156,660.00
11/17/2025 11/17/2024 1.91 1,843,340.00 1.75%

4.79%4.79%
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 92.190
200.00

0.60%

0.65% -156,200.00
11/24/2025 1.93 1,843,800.00 1.75%

4.77%
12,000.00 4.77%

NR/NR/NR
FFCB BOND 00.600 % DUE Aaa/AA+/AA+112425 DTD 112420 FC05242021 245,000 245,000.00 90.897
567.19

0.50%

0.55% -22,302.35
12/15/2025 1.98 222,697.65 0.21%

5.26%
BK HAPOALIM BM NY US RT 1,225.00 5.26%00.5000% MAT 12/15/25FIXED RATE CD /NY CD
Total 2025 44,073,000 1.28% 06/21/2025 $556,338.75

1.34%

5.12%5.12%

1.51$44,328,123.35
$-2,803,349.33
$41,524,774.02
$115,084.96

39.43%
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 2,001,682.27 91.683
5,250.00

0.70%

0.76% -168,022.27
01/15/2026 2.06 1,833,660.00 1.74%

4.87%
14,000.00 4.87%

NR/NR/NR
JOHN DEERE CPTL CORP A2/A+/A00.700% 011526DTD010721 FC071521 MEDTERM NTS 1,175,000 1,175,000.00 99.520
21,277.29

5.30%

5.33% -5,640.00
01/27/2026 01/27/2024 1.98 1,169,360.00 1.11%

5.54%5.54%
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 97.932
3,423.29

4.25%

4.34% -5,066.60
02/02/2026 2.02 239,933.40 0.23%

5.26%
MORGAN STANLEY BK UT US 10,412.50 5.26%RT 04.2500% MAT 02/02/26FIXED 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: December 01, 2023 Page 29 of 41 Item #11. Page 32
Meeting Date: 1/9/2024 / Packet Page #: 188
Consolidated report prepared for City of Glendora
Bond Holdingsas of November 30, 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 ($)/
Unreal. g/l ($)
1,200,000 1,200,000.00 89.280
2,506.67

0.80%

0.90% -128,640.00
02/26/2026 02/26/2024 2.15 1,071,360.00 1.02%

5.99%5.99%
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 96.959
2,831.26

3.80%

3.92% -7,450.45
03/11/2026 12/11/2023 2.13 237,549.55 0.23%

5.23%5.23%
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 90.039
3,950.00

0.90%

1.00% -189,080.00
03/11/2026 02/11/2026 2.20 1,800,780.00 1.71%

5.61%5.61%
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 90.470
392.00

0.80%

0.88% -23,348.50
03/18/2026 12/18/2023 2.25 221,651.50 0.21%

5.23%5.23%
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 99.626
338.97

5.05%

5.07% -916.30
03/20/2026 2.17 244,083.70 0.23%

5.22%
AFFINITY PLUS MN US RT 12,372.50 5.22%05.0500% MAT 03/20/26LICU SHARE CERTIFICATE/MN CD
245,000 245,000.00 99.518
335.62

5.00%

5.02% -1,180.90
03/20/2026 2.17 243,819.10 0.23%

5.22%
VALLEYSTAR CR UN M VA 12,250.00 5.22%US RT 05.0000% MAT03/20/26 LICU SHARECERTIFICATE /VA CD
245,000 245,000.00 99.528
973.29

5.00%

5.02% -1,156.40
03/23/2026 2.18 243,843.60 0.23%

5.22%
TECHNOLOGY CREDIT CA US 12,250.00 5.22%RT 05.0000% MAT 03/23/26CREDIT UNION SHARE CERT/CA CD
245,000 245,000.00 99.489
2,248.63

5.00%

5.03% -1,251.95
03/24/2026 2.14 243,748.05 0.23%

5.23%
CIBC BANK ILLINOIS IL US RT 12,250.00 5.23%05.0000% MAT 03/24/26FIXED RATE CD /IL CD
245,000 245,000.00 90.659
398.71

0.90%

0.99% -22,885.45
03/25/2026 2.24 222,114.55 0.21%

5.23%
STATE BANK OF INDI NY US 2,205.00 5.23%RT 00.9000% MAT 03/25/26FIXED RATE CD /NY CD
2,000,000 2,000,000.00 92.215
3,500.00

1.05%

1.14% -155,700.00
03/30/2026 N/A 1,844,300.00 1.75%
N/A
21,000.00 N/A

NR/NR/NR
FHLB NTS 1.0500% DUE Aaa/NR/AA+033026 DTD 033021 FC09302021Includes 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: December 01, 2023 Page 30 of 41 Item #11. Page 33
Meeting Date: 1/9/2024 / Packet Page #: 189
Consolidated report prepared for City of Glendora
Bond Holdingsas of November 30, 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 90.643

0.00 0.95%

1.05% -22,924.65
03/31/2026 11/30/2023 N/A 222,075.35 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 90.489
184.92

0.95%

1.05% -23,301.95
04/16/2026 2.34 221,698.05 0.21%

5.21%
GREENSTATE CREDIT IA US 2,327.50 5.21%RT 00.9500% MAT 04/16/26FIXED RATE CD /IA CD
245,000 245,000.00 90.387
235.60

0.90%

1.00% -23,551.85
04/22/2026 2.31 221,448.15 0.21%

5.22%
TOYOTA FINL SVG BK NV US 2,205.00 5.22%RT 00.9000% MAT 04/22/26FIXED RATE CD /NV CD
2,000,000 2,000,000.00 91.826
416.67

0.50%

0.54% -163,480.00
05/15/2026 05/15/2024 N/A 1,836,520.00 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 2,002,378.01 91.629
958.33

1.15%

1.26% -169,798.01
05/15/2026 04/15/2026 2.37 1,832,580.00 1.74%

4.80%4.80%
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 89.683

79.88 0.85%

0.95% -25,276.65
06/16/2026 12/16/2023 2.50 219,723.35 0.21%

5.19%5.19%
100.00
UBS BANK UT US RT 2,082.5000.8500% MAT 06/16/26FIXED RATE CD /UT CD
245,000 245,000.00 96.070
3,645.80

3.55%

3.70% -9,628.50
06/30/2026 11/30/2023 2.39 235,371.50 0.22%

5.19%5.19%
100.00
ALLY BK UT US RT 03.5500% 8,697.50MAT 06/30/26 FIXED RATECD /UT CD
2,000,000 2,000,000.00 92.319
7,291.67

0.88%

0.95% -153,620.00
06/30/2026 12/30/2023 N/A 1,846,380.00 1.75%
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 92.515
12,500.00

1.50%

1.62% -149,700.00
06/30/2026 N/A 1,850,300.00 1.76%
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 89.281
718.89

0.70%

0.78% -26,261.55
07/01/2026 2.49 218,738.45 0.21%

5.18%
NEW YORK CMNTY BK NY 1,715.00 5.18%US RT 00.7000% MAT07/01/26 FIXED RATE CD /NY CD
1,000,000 968,385.25 90.880
3,120.83

1.05%

1.16% -59,585.25
08/13/2026 12/13/2023 2.60 908,800.00 0.86%

4.68%4.68%
100.00
10,500.00

NR/NR/NR
FHLB BOND 01.050 % DUE Aaa/NR/AA+081326 DTD 081321 FC02132022Includes 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: December 01, 2023 Page 31 of 41 Item #11. Page 34
Meeting Date: 1/9/2024 / Packet Page #: 190
Consolidated report prepared for City of Glendora
Bond Holdingsas of November 30, 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 89.019
155.73

0.80%

0.90% -26,903.45
08/13/2026 2.66 218,096.55 0.21%

5.16%
LIVE OAK BKG CO NC US RT 1,960.00 5.16%00.8000% MAT 08/13/26FIXED RATE CD /NC CD
2,000,000 2,000,000.00 91.305
6,005.56

1.15%

1.26% -173,900.00
08/26/2026 N/A 1,826,100.00 1.73%
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 87.764
5,425.00

1.05%

1.20% -244,720.00
08/27/2026 08/27/2025 2.62 1,755,280.00 1.67%

5.95%5.95%
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 90.296
3,237.78

0.94%

1.04% -194,080.00
09/28/2026 2.73 1,805,920.00 1.71%

4.64%
18,800.00 4.64%

NR/NR/NR
FFCB NTS 00.940 % DUE Aaa/AA+/AA+092826 DTD 092821 FC03282022 1,000,000 982,052.13 90.953
927.20

1.13%

1.24% -72,522.13
10/31/2026 2.81 909,530.00 0.86%

4.47%
11,250.00 4.47%

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 89.114

46.32 1.15%

1.29% -26,670.70
11/24/2026 2.87 218,329.30 0.21%

5.13%
CAPITAL ONE BK USA VA US 2,817.50 5.13%RT 01.1500% MAT 11/24/26FIXED RATE CD /VA CD
245,000 245,000.00 89.114

46.32 1.15%

1.29% -26,670.70
11/24/2026 2.87 218,329.30 0.21%

5.13%
CAPITAL ONE NA VA US RT 2,817.50 5.13%01.1500% MAT 11/24/26FIXED RATE CD /VA CD
Total 2026 28,540,000 1.40% 05/30/2026 $389,885.00

1.49%

5.19%5.19%

2.37$28,484,357.66
$-2,302,934.21
$26,181,423.45
$92,422.21

24.86%
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: December 01, 2023 Page 32 of 41 Item #11. Page 35
Meeting Date: 1/9/2024 / Packet Page #: 191
Consolidated report prepared for City of Glendora
Bond Holdingsas of November 30, 2023 (continued)Maturing 2027 Effective rating/
Underlying rating
(Mdy/Fitch/S&P) Quantity Coupon
Effective
maturity
Call date/
Call price ($)
Est. annual
income ($)/
Curr. yield (%)
YTM (%)/
YTW (%)
Modified
duration
Market
price ($)
Mkt. value ($)/
Accr. interest ($)
% of
bond
port.

Adjusted
cost basis ($)/
Unreal. g/l ($)
2,000,000 2,000,000.00 91.881
12,675.56

1.84%

2.00% -162,380.00
01/26/2027 2.99 1,837,620.00 1.75%

4.63%
36,800.00 4.63%

NR/NR/NR
FFCB BOND 01.840 % DUE Aaa/AA+/AA+012627 DTD 012622 FC07262022 2,000,000 2,000,000.00 91.610
10,877.78

1.78%

1.94% -167,800.00
02/10/2027 02/10/2024 3.03 1,832,200.00 1.74%

4.64%4.64%
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 98.733
414.49

4.75%

4.81% -3,104.15
02/17/2027 02/17/2024 2.96 241,895.85 0.23%

5.18%5.18%
100.00
BOKF NA OK US RT 11,637.5004.7500% MAT 02/17/27FIXED RATE CD /OK CD
245,000 245,000.00 89.720
330.92

1.70%

1.89% -25,186.00
02/18/2027 3.12 219,814.00 0.21%

5.17%
METRO CREDIT UNION MA 4,165.00 5.17%US RT 01.7000% MAT02/18/27 LICU SHARECERTIFICATE /MA CD
245,000 245,000.00 89.734
136.93

1.70%

1.89% -25,151.70
02/18/2027 3.12 219,848.30 0.21%

5.17%
PENTAGON FED CREDI VA US 4,165.00 5.17%RT 01.7000% MAT 02/18/27CREDIT UNION SHARE CERT/VA CD
3,215,000 3,075,098.40 92.176
17,052.90

2.01%

2.18% -111,640.00
02/25/2027 02/25/2024 3.06 2,963,458.40 2.81%

4.64%4.64%
100.00
64,621.50

NR/NR/NR
FHLB BOND 02.010 % DUE Aaa/NR/AA+022527 DTD 022522 FC08252022 245,000 245,729.37 90.567
1,194.79

2.00%

2.21% -23,840.22
03/02/2027 3.07 221,889.15 0.21%

5.18%
EAGLEMARK SVGS BK NV US 4,900.00 5.18%RT 02.0000% MAT 03/02/27FIXED RATE CD /NV CD
490,000 490,000.00 99.274
5,489.36

5.45%

5.49% -3,557.40
03/16/2027 12/16/2023 2.94 486,442.60 0.46%

5.69%5.69%
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 93.581
128.88

3.20%

3.42% -15,726.55
05/24/2027 3.23 229,273.45 0.22%

5.24%
DISCOVER BANK DE US RT 7,840.00 5.24%03.2000% MAT 05/24/27FIXED RATE CD /DE CD
245,000 245,000.00 98.243
473.22

4.70%

4.78% -4,304.65
06/15/2027 3.25 240,695.35 0.23%

5.24%
ESSENTIAL FED CRED LA US 11,515.00 5.24%RT 04.7000% MAT 06/15/27LICU SHARE CERTIFICATE /LA CD
245,000 245,000.00 93.565
327.23

3.25%

3.47% -15,765.75
06/15/2027 3.32 229,234.25 0.22%

5.25%
LAFAYETTE FED CRED MD US 7,962.50 5.25%RT 03.2500% MAT 06/15/27LICU SHARE CERTIFICATE/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: December 01, 2023 Page 33 of 41 Item #11. Page 36
Meeting Date: 1/9/2024 / Packet Page #: 192
Consolidated report prepared for City of Glendora
Bond Holdingsas of November 30, 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 99.298
628.27

5.20%

5.24% -1,719.90
12/13/2027 06/12/2024 3.62 243,280.10 0.23%

5.39%5.39%
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 2.39% 03/05/2027 $228,651.50

2.55%

4.82%4.82%

3.06 $9,525,827.77
$-560,176.32
$8,965,651.45
$49,730.32

8.51%
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 98.612
17,425.00

5.10%

5.17% -13,880.00
01/27/2028 01/27/2024 3.63 986,120.00 0.94%

5.48%5.48%
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 2,000,004.53 98.973
28,800.00

5.40%

5.46% -20,544.53
02/24/2028 02/24/2024 3.68 1,979,460.00 1.88%

5.67%5.67%
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 99.515
13,033.33

5.10%

5.12% -4,850.00
02/28/2028 02/28/2024 3.72 995,150.00 0.95%

5.23%5.23%
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 98.686
906.16

5.00%

5.07% -3,219.30
04/03/2028 04/03/2026 3.88 241,780.70 0.23%

5.34%5.34%
100.00
ARBOR FINL CREDIT MI US RT 12,250.0005.0000% MAT 04/03/28FIXED RATE CD /MI CD
2,000,000 2,000,004.70 99.389
10,044.44

5.65%

5.68% -12,224.70
04/28/2028 01/28/2024 3.83 1,987,780.00 1.89%

5.81%5.81%
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 99.872
569.21

5.30%

5.31% -313.60
07/14/2028 07/14/2025 4.08 244,686.40 0.23%

5.33%5.33%
100.00
CY-FAIR FED CREDIT TX US 12,985.00RT 05.3000% MAT 07/14/28FIXED RATE CD /TX CD
245,000 245,000.00 98.644
436.30

5.00%

5.07% -3,322.20
07/17/2028 4.11 241,677.80 0.23%

5.33%
NEW ORLEANS FIREME LA US 12,250.00 5.33%RT 05.0000% MAT 07/17/28FIXED RATE CD /LA CD
Total 2028 6,735,000 5.35% 03/23/2028 $360,485.00

5.40%

5.58%5.58%

3.76 $6,735,009.23
$-58,354.33
$6,676,654.90
$71,214.45

6.34%
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: December 01, 2023 Page 34 of 41 Item #11. Page 37
Meeting Date: 1/9/2024 / Packet Page #: 193
Consolidated report prepared for City of Glendora
Bond Holdingsas of November 30, 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 ($)
Modified
duration
YTM (%)/
YTW (%)
Est. annual
income ($)/
Quantity Curr. yield (%)
Effective
maturity
% of
bond
port.

Market
price ($)

5.21%5.21%
11/02/2025 N/A 1.77$111,554,511.6 N/A $105,305,877.13
$-6,248,634.56
111,502,000

1.86% $436,087.59 Total Bond Portfolio 1.79% $1,960,063.25 100% $105,741,964.72
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: December 01, 2023 Page 35 of 41 Item #11. Page 38
Meeting Date: 1/9/2024 / Packet Page #: 194
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: December 01, 2023 Page 36 of 41
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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: December 01, 2023 Page 37 of 41
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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.

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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: December 01, 2023 Page 39 of 41
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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.  For callable securities, modified duration does not address the impact of changing interest rates on abond's expected cash flow as a result of a call or prepayment.Amortization and Accretion: Prior to March 2008, amortization was calculated using the straight line methodfor tax exempt securities and was not calculated for taxable securities. Post March 2008, amortization iscalculated using the constant yield method. Prior to October 2008, accretion due to original issue discount wasnot calculated. Post October 2008, accretion due to original issue discount is calculated using the constant yieldmethod.  Prior to January 2015, accretion due to market discount was calculated using the straight linemethod. Post January 2015, accretion due to market discount is calculated using the constant yield method. We assume the securities are held to par and premiums are calculated to call date. Amortization and accretionvalues may be incorrect due to adjustments related to cost basis. You may hold additional fixed income securitiesthat may not appear on this report. Please refer to your account statements for information regarding all of yourholdings.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: December 01, 2023 Page 40 of 41
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Meeting Date: 1/9/2024 / Packet Page #: 199
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: December 01, 2023 Page 41 of 41
Item #11. Page 44
Meeting Date: 1/9/2024 / Packet Page #: 200
City of Glendora | Administrative Services
MEMO
DATE: December 21, 2023
TO: Honorable Mayor and Members of the City Council
THROUGH: Adam Raymond, City Manager
FROM: Kyle Johnson, Finance Director/City Treasurer
SUBJECT: City of Glendora Investment Report for November 2023 Pursuant to Section 19 of the City of Glendora’s 2023-2024 Investment Policy, a monthly investment report must be provided to the City Council to provide a clear picture of the status of the current investment portfolio.

The second City Council meeting for the month of December 2023 has been canceled as decided by City Council. In order to be compliant with the City’s policy and the California Government code, the November investment report is being provided to the Council members before the end of the month and will be placed on the next available council meeting scheduled in January, 2024.

The City’s book value of cash and investments for November 2023 totaled $116,993,020.

This is a decrease of $2,276,210 (1.91%) compared to the previous month. The month of November included significant payments for capital improvement projects and capital purchases in the amount of $421,650, trees/parks/streets/streetlight maintenance in the amount of $539,320 and 2019 Pension Obligation debt service payments in the amount to $743,600 for grand total of $1,704,570.

In November, one security was called or matured, however, the City did use its limited term government funds accounts (operates similar to a money market) and local agency investment funds (LAIF) in the amounts of $1,208,000 and $400,000, respectively, towards the large payments mentioned above resulting in neither a gain nor a loss. There were no investment purchases for the month of November.

If you have any questions, feel free to contact me.

Item #11. Page 45
Meeting Date: 1/9/2024 / Packet Page #: 201

STAFF REPORT
TO: Mayor and Council Members DATE: January 9, 2024
FROM: Recreation and Human Services DISTRICT(S): 5
SUBJECT: Approve an Agreement with Ortco Inc for the installation of Park Shade Structures at Louie Pompei Memorial Sports Park in the amount of $477,700

RECOMMENDATION
That the City Council:

1. Approve an agreement with Ortco Inc for the installation of park shade structures at Louie Pompei Memorial Sports Park in the amount of $477,700;

2. Authorize change orders in an amount not to exceed 5% or $23,885 for a total contract amount not to exceed $501,585; and,

3. Authorize the City Manager or his designee to execute the agreement with Ortco Inc, including minimal and/or non-substantive changes.

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

EXECUTIVE SUMMARY
In April 2023, the City applied for Measure A Annual Allocation Grant funding from the LA County Regional Park and Open Space District to install shade structures at Louie Pompei Memorial Sports Park.

In June 2023, the grant was approved and awarded in the amount of $858,118. In July 2023, the City Council approved the purchase of the shade structures from Shade Systems Structures in the amount of $448,608. It was necessary to pre-purchase the shade structures due the time needed for the engineering and fabrication process. Meanwhile, staff solicited bids for the installation of the shade structures and has selected Ortco Inc. for a contract amount of $477,700.

LEGISLATIVE HISTORY / PREVIOUS ACTIONS
On March 28, 2023, the City Council adopted a resolution authorizing the application for Measure A Annual Allocation Grant funding from the LA County Regional Park and Open Space District to install shade structures at Louie Pompei Memorial Sports Park.

In April 2023, the application materials were submitted to LA County.

In June 2023, RPOSD approved and awarded annual allocation grant funding to the City in the amount of $858,118.

On July 11, 2023, City Council approved the purchase of Shade Systems Structures to cover the 6 seating areas at Louie Pompei Memorial Sports Park.

DISCUSSION
An invitation for bids was released on November 9, 2023 on QuestCDN and closed on November 22, Item #12. Page 1
Meeting Date: 1/9/2024 / Packet Page #: 202
Staff Report Page 2 of 2
2023. Eight (8) plan holders reviewed bid packages, and two (2) submitted bid proposals. All received bids were deemed responsive to the contract requirements and ranged from $338,303.75 to $477,700.00.

Ortco Inc was deemed the lowest responsible bidder due to their specialization in installing shade structures.

COMPANY AMOUNT
DD Systems, Inc $338,303.75
Ortco Inc $477,700.00
Ortco Inc is a local company that is based in Orange. They have been in business specializing in installation of playground equipment, shade & sail structures, rubber surfacing, and outdoor fitness equipment for over 30 years. Staff performed due diligence in reviewing the bids and called references and checked their contractor license with the California Contractors State License Board. Ortco met all requirements and all references provided high recommendations.

Shade structures will be installed over each seating area at each field. The shade structures will be the final improvement to Louie Pompei Memorial Sports Park to enhance the overall appearance, increased functionality, and usability of the park's amenities.

FISCAL IMPACT
Sufficient funds are available and budgeted for this project in the FY 2023-25 Capital Improvement Program in the amount of $972,988.

Description Amount
Shade Structure Purchase $448,608
Shade Structure Installation $477,700
Contingency $46,680
Project Budget $972,988

ENVIRONMENTAL DETERMINATION
The City of Glendora, as lead agency, is responsible for preparing documentation in accordance with CEQA. A Notice of Exemption (NOE) was approved by city council on July 11, 2023 and filed on July 18, 2023.

Prepared By Kelsey Fay, Management Analyst
Concurs With Not Applicable
Reviewed By John Aguirre, Recreation and Human Services Director Certified to Availability of Funds Marie Ricci, Deputy City Manager Approved By Adam Raymond, City Manager
Legal Review Danny Aleshire, Assistant City Attorney
CEQA Review Jeff Kugel, Community Development Director
ATTACHMENTS:

A. Plan Holder List
B. Bid Proposal
C. Signed Plans and Specs
D. Contract Agreement
E. CEQA Notice of Exemption
F. Powerpoint
Item #12. Page 2
Meeting Date: 1/9/2024 / Packet Page #: 203
Closing Date: Wed, 11/22/2023 10:00 AM PST Posting Type: Construction Project Owner Name: Glendora CA, City of Solicitor Name: Glendora CA, City of Contact: Desiree Hernandez Phone: 626-914-8238 Email: [email protected] Company Name &
Address Contact Name/Email Address Phone/Fax Bus.Cert Bus. Desig Entry Date Doc Type Comments PWXPress
1900 Coffeeport Rd,
Jacksonville, FL-03220
Mary Miller
[email protected] 408-676-8941 TGB Supplier 11/10/2023 eBidDoc DD Systems Inc.
147 W. Route 66 #431,
Glendora, CA-91740
Danny Daher
[email protected]
626-852-0257
626-852-0258 Prime Bidder 11/10/2023 eBidDoc
Miracle Playground Sales
9106 Pulsar Ct, Corona,
CA-92883
Kelly Spence
[email protected]
951-695-4515
951-695-4515 Supplier 11/13/2023 eBidDoc
ConstructConnect
3825 Edwards Rd,
Cincinnati, OH-45209
Eric Mills
[email protected]
800-364-2059
866-570-8187 Plan Room 11/14/2023 eBidDoc
BidAmerica
41085 Elm Street, Murrieta, CA-92562
Tom Davis
[email protected] 951-837-0559 Plan Room 11/16/2023 eBidDoc Ortco Inc
2163 N. Glassell St.,
orange, CA-92865
Bill Police
[email protected] 7149983998 Prime Bidder 11/16/2023 eBidDoc Quest Construction Data
Network
PO Box 517, Shakopee, MN-55379
QuestCDN Support and Sales
[email protected] 952-233-1632 Other 11/17/2023 eBidDoc Glendora CA, City of
116 E Foothill Blvd,
Glendora, CA-91741
Lorena Cordova
[email protected] 626-914-8210 Government Agency 11/27/2023 eBidDoc Plan Holder Report as of 11/28/2023 05:30 PM CST
Shade Structure Installation Project
Quest eBidDoc™ Number: 8759877
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Sealed 10/27/2023
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Sealed on 08/10/23
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Sealed on 10/27/2023
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Sealed on 08/14/23
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PUBLIC WORKS AGREEMENT
By and Between

CITY OF GLENDORA
and
ORTCO INC.

DocuSign Envelope ID: 28AC8975-26D0-496D-B922-299ECF6254B3 Item #12. Page 15
Meeting Date: 1/9/2024 / Packet Page #: 216
Agreement: Ortco Plays, Inc. (Louie Pompei Memorial Sports Park Shade Structure Installation, Plan No. B23-1282) 01.09.2024

AGREEMENT FOR PUBLIC WORKS SERVICES

BETWEEN THE CITY OF GLENDORA AND

ORTCO INC
THIS AGREEMENT FOR PUBLIC WORKS SERVICES (herein “Agreement”) is made and entered into this _____ day of __________, 2024 by and between the CITY OF GLENDORA, a California municipal corporation (“City”) and ORTCO INC., a California corporation (“Contractor”). City and Contractor 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. Contractor, 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 Municipal Code, City has authority to enter into and execute this Agreement.

D. The Parties desire to formalize the selection of Contractor 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. WORK OF CONTRACTOR

1.1 Scope of Work.

In compliance with all terms and conditions of this Agreement, the Contractor shall provide those services specified in the “Scope of Work” 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, Contractor represents and warrants that it has the qualifications, experience, and facilities necessary to properly perform the work required under this Agreement in a thorough, competent, and professional manner, and is experienced in performing the work and services contemplated herein.

Contractor shall at all times faithfully, competently and to the best of its ability, experience and talent, perform all services described herein. Contractor covenants that it shall follow the highest professional standards in performing the work and services required hereunder and that all materials will be both of good quality as well as fit for the purpose intended. For purposes of this Agreement, the phrase “highest professional standards” shall mean those standards of practice recognized by one or more first-class firms performing similar work under similar circumstances.

DocuSign Envelope ID: 28AC8975-26D0-496D-B922-299ECF6254B3 Item #12. Page 16
Meeting Date: 1/9/2024 / Packet Page #: 217
Agreement: Ortco Plays, Inc. (Louie Pompei Memorial Sports Park Shade Structure Installation, Plan No. B23-1282) 01.09.2024

1.2 Bid Documents.

The Scope of Work shall include the “General Provisions” and “Special Provisions” in the bid documents for the project entitled Louie Pompei Memorial Sports Park Shade Structure Installation Project, including any documents or exhibits referenced therein (collectively, “bid documents”), all of which are incorporated herein by this reference. In the event of any inconsistency between the terms of the bid documents and this Agreement, the terms of this Agreement shall govern.

1.3 Compliance with Law.

Contractor 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 Compliance with California Labor Law.
(a) Public Work. The Parties acknowledge that 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. Contractor shall post job site notices, as prescribed by regulation.
(b) Prevailing Wages. Contractor 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, Contractor acknowledges receipt of a copy of the Department of Industrial Relations (DIR) determination of the prevailing rate of per diem wages, and Contractor 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. Contractor 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 Contractor 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 Contractor or by any subcontractor. (d) Payroll Records. Contractor shall comply with and be bound by the provisions of Labor Code Section 1776, which requires Contractor and each subcontractor to: keep accurate payroll records and verify such records in writing under penalty of perjury, as specified in Section 1776; certify and make such payroll records available for inspection as provided by Section 1776; and inform the City of the location of the records. (e) Apprentices. Contractor 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 DocuSign Envelope ID: 28AC8975-26D0-496D-B922-299ECF6254B3 Item #12. Page 17
Meeting Date: 1/9/2024 / Packet Page #: 218
Agreement: Ortco Plays, Inc. (Louie Pompei Memorial Sports Park Shade Structure Installation, Plan No. B23-1282) 01.09.2024 Title 8, Section 200 et seq. concerning the employment of apprentices on public works projects.

Contractor shall be responsible for compliance with these aforementioned Sections for all apprenticeable occupations. Prior to commencing work under this Agreement, Contractor 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, Contractor and each of its subcontractors shall submit to the City a verified statement of the journeyman and apprentice hours performed under this Agreement.
(f) Eight-Hour Work Day. Contractor acknowledges that eight (8) hours labor constitutes a legal day's work. Contractor shall comply with and be bound by Labor Code Section 1810.
(g) Penalties for Excess Hours. Contractor shall comply with and be bound by the provisions of Labor Code Section 1813 concerning penalties for workers who work excess hours. The Contractor shall, as a penalty to the City, forfeit twenty-five dollars ($25) for each worker employed in the performance of this Agreement by the Contractor 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 Contractor 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, Contractor 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.”
Contractor’s Authorized Initials _______________
Lynn A. Ortlieb
President
(i) Contractor’s Responsibility for Subcontractors. For every subcontractor who will perform work under this Agreement, Contractor 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. Contractor 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. Contractor shall diligently take corrective action to halt or rectify any such failure by any subcontractor.

DocuSign Envelope ID: 28AC8975-26D0-496D-B922-299ECF6254B3 Item #12. Page 18
Meeting Date: 1/9/2024 / Packet Page #: 219
Agreement: Ortco Plays, Inc. (Louie Pompei Memorial Sports Park Shade Structure Installation, Plan No. B23-1282) 01.09.2024

1.5 Licenses, Permits, Fees and Assessments.

Contractor shall obtain at its sole cost and expense such licenses, permits, registrations, and approvals as may be required by law for the performance of the services required by this Agreement. Contractor shall have the sole obligation to pay for any fees, assessments and taxes, plus applicable penalties and interest, which may be imposed by law and arise from or are necessary for the Contractor’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.
(a) By executing this Agreement, Contractor warrants that Contractor (i) has thoroughly investigated and considered the scope of work 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, Contractor warrants that Contractor has or will investigate the site and is or will be fully acquainted with the conditions there existing, prior to commencement of services hereunder.
(b) Contractor shall promptly, and before the following conditions are disturbed, notify the City, in writing, of any: (i) material Contractor believes may be hazardous waste as defined in Section 25117 of the Health & Safety Code required to be removed to a Class I, II, or III disposal site in accordance with existing law; (ii) subsurface, unknown or latent conditions, materially different from those indicated; or (iii) unknown physical conditions at the site of any unusual nature, different from those ordinarily encountered and generally recognized as inherent in work of the character provided for in this Agreement, and will materially affect the performance of the services hereunder.
(c) City shall promptly investigate the conditions, and if it finds that the conditions do materially differ, or do involve hazardous waste, and cause a decrease or increase in Contractor's cost of, or the time required for, performance of any part of the work, shall issue a change order per Section 1.10 of this Agreement.
(d) In the event that a dispute arises between City and Contractor whether the conditions materially differ, or involve hazardous waste, or cause a decrease or increase in Contractor's cost of, or time required for, performance of any part of the work, Contractor shall not be excused from any scheduled completion date set, but shall proceed with all work to be performed under the Agreement. Contractor shall retain any and all rights provided either by contract or by law, which pertain to the resolution of disputes and protests between the contracting parties.
(e) City will compensate Contractor to the extent required by Government Code Section 4215 by issuing a change order per Section 1.10 of this Agreement.

1.7 Protection and Care of Work and Materials.

The Contractor shall adopt reasonable methods, including providing and maintaining storage facilities, 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 DocuSign Envelope ID: 28AC8975-26D0-496D-B922-299ECF6254B3 Item #12. Page 19
Meeting Date: 1/9/2024 / Packet Page #: 220
Agreement: Ortco Plays, Inc. (Louie Pompei Memorial Sports Park Shade Structure Installation, Plan No. B23-1282) 01.09.2024 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 caused by City’s own negligence. Stored materials shall be reasonably accessible for inspection. Contractor shall not, without City’s consent, assign, sell, mortgage, hypothecate, or remove equipment or materials which have been installed or delivered and which may be necessary for the completion of the work.

1.8 Warranty.

Contractor warrants all work under the Agreement (which for purposes of this Section shall be deemed to include unauthorized work which has not been removed and any non-conforming materials incorporated into the work) to be of good quality and free from any defective or faulty material and workmanship. Contractor agrees that for a period of one year (or the period of time specified elsewhere in the Agreement or in any guarantee or warranty provided by any manufacturer or supplier of equipment or materials incorporated into the work, whichever is later) after the date of final acceptance, Contractor shall within ten (10) days after being notified in writing by the City of any defect in the work or non-conformance of the work to the Agreement, commence and prosecute with due diligence all work necessary to fulfill the terms of the warranty at its sole cost and expense. Contractor shall act as soon as requested by the City in response to an emergency. In addition, Contractor shall, at its sole cost and expense, repair, remove and replace any portions of the work (or work of other contractors) damaged by its defective work or which becomes damaged in the course of repairing or replacing defective work. For any work so corrected, Contractor's obligation hereunder to correct defective work shall be reinstated for an additional one year period, commencing with the date of acceptance of such corrected work.

Contractor shall perform such tests as the City may require to verify that any corrective actions, including, without limitation, redesign, repairs, and replacements comply with the requirements of the Agreement. All costs associated with such corrective actions and testing, including the removal, replacement, and reinstitution of equipment and materials necessary to gain access, shall be the sole responsibility of the Contractor. All warranties and guarantees of subcontractors, suppliers and manufacturers with respect to any portion of the work, whether express or implied, are deemed to be obtained by Contractor for the benefit of the City, regardless of whether or not such warranties and guarantees have been transferred or assigned to the City by separate agreement and Contractor agrees to enforce such warranties and guarantees, if necessary, on behalf of the City. In the event that Contractor fails to perform its obligations under this Section, or under any other warranty or guaranty under this Agreement, to the reasonable satisfaction of the City, the City shall have the right to correct and replace any defective or non-conforming work and any work damaged by such work or the replacement or correction thereof at Contractor's sole expense.

Contractor shall be obligated to fully reimburse the City for any expenses incurred hereunder upon demand.

1.9 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.

DocuSign Envelope ID: 28AC8975-26D0-496D-B922-299ECF6254B3 Item #12. Page 20
Meeting Date: 1/9/2024 / Packet Page #: 221
Agreement: Ortco Plays, Inc. (Louie Pompei Memorial Sports Park Shade Structure Installation, Plan No. B23-1282) 01.09.2024

1.10 Additional Work and Change Orders.
(a) 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 Work or make changes by altering, adding to or deducting from said work. No such extra work may be undertaken unless a written change order is first given by the Contract Officer to the Contractor, incorporating therein any adjustment in (i) the Contract Sum, and/or (ii) the time to perform this Agreement, which said adjustments are subject to the written approval of the Contractor (“Change Order”). All Change Orders must be signed by the Contractor and Contract Officer prior to commencing the extra work thereunder.
(b) Any increase in compensation of up to ten percent (10%) of the Contract Sum or $25,000, whichever is less; or any increase in the time to perform of up to one hundred eighty (180) days; and does not materially affect the Work and which are not detrimental to the Work or to the interest of the City, may be approved by the Contract Officer. Any greater increases, taken either separately or cumulatively, must be approved by the City Council. (c) Any adjustment in the Contract Sum for a Change Order must be in accordance with the rates set forth in the Schedule of Compensation in Exhibit “C”. If the rates in the Schedule of Compensation do not cover the type of work in the Change Order, the cost of such work shall not exceed an amount agreed upon in writing and signed by Contractor and Contract Officer. If the cost of the Change Order cannot be agreed upon, the City will pay for actual work of the Change Order completed, to the satisfaction of the City, as follows:
(i) Labor: the cost of labor shall be the actual cost for wages of workers and subcontractors performing the work for the Change Order at the time such work is done. The use of labor classifications that would increase the cost of such work shall not be permitted.
(ii) Materials and Equipment: the cost of materials and equipment shall be at cost to Contractor or lowest current price which such materials and equipment are reasonably available at the time the work is done, whichever is lower. (iii) If the cost of the extra work cannot be agreed upon, the Contractor must provide a daily report that includes invoices for labor, materials and equipment costs for the work under the Change Order. The daily report must include: list of names of workers, classifications, and hours worked; description and list of quantities of materials used; type of equipment, size, identification number, and hours of operation, including loading and transportation, if applicable; description of other City authorized services and expenditures in such detail as the City may require. Failure to submit a daily report by the close of the next working day may, at the City’s sole and absolute discretion, waive the Contractor’s rights for that day. (d) It is expressly understood by Contractor that the provisions of this Section 1.10 shall not apply to services specifically set forth in the Scope of Work. Contractor hereby acknowledges that it accepts the risk that the services to be provided pursuant to the Scope of Work may be more costly or time consuming than Contractor anticipates and that Contractor shall not be entitled to additional compensation therefor. City may in its sole and absolute discretion have similar work done by other contractors. (e) No claim 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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Meeting Date: 1/9/2024 / Packet Page #: 222
Agreement: Ortco Plays, Inc. (Louie Pompei Memorial Sports Park Shade Structure Installation, Plan No. B23-1282) 01.09.2024

1.11 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 Contractor 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 $477,700.00 (Four Hundred Seventy-Seven Thousand and Seven Hundred Dollars) (the “Contract Sum”), unless additional compensation is approved pursuant to Section 1.10.

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 the contract retention; (iii) payment for time and materials based upon the Contractor’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 Contractor 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 Contractor is required to attend additional meetings to facilitate such coordination, Contractor shall not be entitled to any additional compensation for attending said meetings.

2.4 Invoices.

Each month Contractor 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, Contractor 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.

Contractor shall not invoice City for any duplicate services performed by more than one person.

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Agreement: Ortco Plays, Inc. (Louie Pompei Memorial Sports Park Shade Structure Installation, Plan No. B23-1282) 01.09.2024 City shall, as soon as practicable, independently review each invoice submitted by the Contractor 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 Contractor which are disputed by City, or as provided in Section 7.3, City will cause Contractor to be paid within thirty (30) days of receipt of Contractor’s correct and undisputed invoice; however, Contractor acknowledges and agrees that due to City warrant run procedures, the City cannot guarantee that payment will occur within this time period. In the event that City does not cause Contractor to be paid within thirty (30) days of receipt of an undisputed and properly submitted invoice, Contractor shall be entitled to the payment of interest to the extent allowed under Public Contract Code Section 20104.50. In the event any charges or expenses are disputed by City, the original invoice shall be returned by City to Contractor, not later than seven (7) days after receipt by the City, for correction and resubmission. Returned invoices shall be accompanied by a document setting forth in writing the reasons why the payment request was rejected. Review and payment by the City of any invoice provided by the Contractor shall not constitute a waiver of any rights or remedies provided herein or any applicable law.

2.5 Waiver.

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

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.

Contractor 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 Contractor, 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 Contractor, 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 Contractor 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 Contractor be entitled to recover damages against the City for any delay in the performance of this Agreement, however caused, Contractor’s sole remedy being extension of the Agreement pursuant to this Section.

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Agreement: Ortco Plays, Inc. (Louie Pompei Memorial Sports Park Shade Structure Installation, Plan No. B23-1282) 01.09.2024

3.4 Inspection and Final Acceptance.

City may inspect and accept or reject any of Contractor’s work under this Agreement, either during performance or when completed. City shall reject or finally accept Contractor’s work within forty-five (45) days after submitted to City. City shall accept work by a timely written acceptance, otherwise work shall be deemed to have been rejected. City’s acceptance shall be conclusive as to such work except with respect to latent defects, fraud and such gross mistakes as to amount to fraud. Acceptance of any work by City shall not constitute a waiver of any of the provisions of this Agreement including, but not limited to, Articles 1 and 5, pertaining to warranty and indemnification and insurance, respectively.

3.5 Term.

Unless earlier terminated in accordance with Article 7 of this Agreement, this Agreement shall continue in full force and effect until completion of the services but not exceeding one (1) year from the date hereof, except as otherwise provided in the Schedule of Performance (Exhibit “D”).

ARTICLE 4. COORDINATION OF WORK

4.1 Representatives and Personnel of Contractor.

The following principals of Contractor (“Principals”) are hereby designated as being the principals and representatives of Contractor authorized to act in its behalf with respect to the work specified herein and make all decisions in connection therewith:

Lynn A, Ortlieb, President
Ginny Ortlieb, Secretary
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 Principals shall be responsible during the term of this Agreement for directing all activities of Contractor and devoting sufficient time to personally supervise the services hereunder.

All personnel of Contractor, and any authorized agents, shall at all times be under the exclusive direction and control of the Principals. For purposes of this Agreement, the Principals may not be replaced nor may their responsibilities be substantially reduced by Contractor without the express written approval of City. Additionally, Contractor shall make every reasonable effort to maintain the stability and continuity of Contractor’s staff and subcontractors, if any, assigned to perform the services required under this Agreement. Contractor shall notify City of any changes in Contractor’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 Contractor.

Contractor 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. Contractor shall not at any time or in any manner represent that Contractor or any of Contractor’s officers, employees, or agents are in any manner officials, DocuSign Envelope ID: 28AC8975-26D0-496D-B922-299ECF6254B3 Item #12. Page 24
Meeting Date: 1/9/2024 / Packet Page #: 225
Agreement: Ortco Plays, Inc. (Louie Pompei Memorial Sports Park Shade Structure Installation, Plan No. B23-1282) 01.09.2024 officers, employees or agents of City. Neither Contractor, nor any of Contractor’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. Contractor expressly waives any claim Contractor may have to any such rights.

4.3 Contract Officer.

The Contract Officer shall be the Recreation & Human Services Director, or such person as may be designated by the City Manager. It shall be the Contractor’s responsibility to assure that the Contract Officer is kept informed of the progress of the performance of the services and the Contractor 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 Contractor.

Neither the City nor any of its employees shall have any control over the manner, mode or means by which Contractor, 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 Contractor’s employees, servants, representatives or agents, or in fixing their number, compensation or hours of service. Contractor shall perform all services required herein as an independent contractor of City and shall remain at all times as to City a wholly independent contractor with only such obligations as are consistent with that role. Contractor 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 Contractor in its business or otherwise or a joint venturer or a member of any joint enterprise with Contractor.

4.5 Prohibition Against Subcontracting or Assignment.

The experience, knowledge, capability and reputation of Contractor, its principals and employees were a substantial inducement for the City to enter into this Agreement. Therefore, Contractor 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. All subcontractors shall obtain, at its or Contractor’s expense, such licenses, permits, registrations and approvals (including from the City) as may be required by law for the performance of any services or work under this Agreement. 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 Contractor, 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 Contractor or any surety of Contractor of any liability hereunder without the express consent of City.

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Agreement: Ortco Plays, Inc. (Louie Pompei Memorial Sports Park Shade Structure Installation, Plan No. B23-1282) 01.09.2024 ARTICLE 5. INSURANCE, INDEMNIFICATION AND BONDS

5.1 Insurance Coverages.

Without limiting Contractor’s indemnification of City, and prior to commencement of any services under this Agreement, Contractor 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. Contractor 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 $2,000,000 per occurrence, $4,000,000 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. Contractor 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 Contractor 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. Contractor 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 Contractor 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. Contractor shall maintain Workers’ Compensation Insurance (Statutory Limits) and Employer’s Liability Insurance (with limits of at least $1,000,000).
(e) Subcontractors. Contractor 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. Contractor 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.

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Agreement: Ortco Plays, Inc. (Louie Pompei Memorial Sports Park Shade Structure Installation, Plan No. B23-1282) 01.09.2024 (b) Duration of coverage. Contractor 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 Contractor, its agents, representatives, employees or subcontractors. (c) Primary/noncontributing. Coverage provided by Contractor 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 noncontributory 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 Contractor or City will withhold amounts sufficient to pay premium from Contractor 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 Contractor or others providing insurance evidence in compliance with these specifications to waive their right of recovery prior to a loss. Contractor hereby waives its own right of recovery against City, and shall require similar written express waivers and insurance clauses from each of its subcontractors.
(g) Enforcement of contract provisions (non-estoppel). Contractor acknowledges and agrees that any actual or alleged failure on the part of the City to inform Contractor of non-compliance with any requirement imposes no additional obligations on the City nor does it waive any rights hereunder.
(h) Requirements not limiting. Requirements of specific coverage features or limits contained in this section are not intended as a limitation on coverage, limits or other requirements, or a waiver of any coverage normally provided by any insurance. Specific reference to a given coverage feature is for purposes of 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 Contractor maintains higher limits than the minimums shown above, the City requires and shall be entitled to coverage for the higher limits maintained by the Contractor. 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. Contractor agrees to oblige its insurance agent or broker and insurers to provide to City with a thirty (30) day notice of cancellation (except for DocuSign Envelope ID: 28AC8975-26D0-496D-B922-299ECF6254B3 Item #12. Page 27
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Agreement: Ortco Plays, Inc. (Louie Pompei Memorial Sports Park Shade Structure Installation, Plan No. B23-1282) 01.09.2024 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 Contractor’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. Contractor 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 Contractor, provide the same minimum insurance coverage and endorsements required of Contractor. Contractor 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. Contractor 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 Contractor ninety (90) days advance written notice of such change. If such change results in substantial additional cost to the Contractor, the City and Contractor may renegotiate Contractor’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. Contractor shall give City prompt and timely notice of claims made or suits instituted that arise out of or result from Contractor’s performance under this Agreement, and that involve or may involve coverage under any of the required liability policies.
(q) Additional insurance. Contractor shall also procure and maintain, at its own cost and expense, any additional kinds of insurance, which in its own judgment may be necessary for its proper protection and prosecution of the work.

5.3 Indemnification.

To the full extent permitted by law, Contractor 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, DocuSign Envelope ID: 28AC8975-26D0-496D-B922-299ECF6254B3 Item #12. Page 28
Meeting Date: 1/9/2024 / Packet Page #: 229
Agreement: Ortco Plays, Inc. (Louie Pompei Memorial Sports Park Shade Structure Installation, Plan No. B23-1282) 01.09.2024 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 Contractor, its officers, employees, agents, subcontractors, or invitees, or any individual or entity for which Contractor is legally liable (“indemnitors”), or arising from Contractor’s or indemnitors’ reckless or willful misconduct, or arising from Contractor’s or indemnitors’ negligent performance of or failure to perform any term, provision, covenant or condition of this Agreement, and in connection therewith:
(a) Contractor 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) Contractor 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 Contractor hereunder; and Contractor 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 Contractor 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 Contractor hereunder, Contractor 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.

In addition, Contractor agrees to indemnify, defend and hold harmless the Indemnified Parties from, any and all claims and liabilities for any infringement of patent rights, copyrights or trademark on any person or persons in consequence of the use by the Indemnified Parties of articles to be supplied by Contractor under this Agreement, and of which the Contractor is not the patentee or assignee or has not the lawful right to sell the same.

Contractor shall incorporate similar indemnity agreements with its subcontractors and if it fails to do so Contractor 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 Contractor in the performance of professional services and work 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 Contractor and shall survive termination of this Agreement.

5.4 Notification of Third-Party Claims.

City shall timely notify Contractor of the receipt of any third-party claim relating to the work under this Agreement. City shall be entitled to recover from Contractor its reasonable costs incurred in providing such notification.

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Agreement: Ortco Plays, Inc. (Louie Pompei Memorial Sports Park Shade Structure Installation, Plan No. B23-1282) 01.09.2024

5.5 Performance and Labor Bonds.

Concurrently with execution of this Agreement Contractor shall deliver to the City, the following:
(a) A performance bond in the amount of the Contract Sum of this Agreement, in the form provided by the City Clerk, which secures the faithful performance of this Agreement.
(b) A labor and materials bond in the amount of the Contract Sum of this Agreement, in the form provided by the City Clerk, which secures the payment of all persons furnishing labor and/or materials in connection with the work under this Agreement.

Both the performance and labors bonds required under this Section 5.5 shall contain the original notarized signature of an authorized officer of the surety and affixed thereto shall be a certified and current copy of his power of attorney. The bond shall be unconditional and remain in force during the entire term of the Agreement and shall be null and void only if the Contractor promptly and faithfully performs all terms and conditions of this Agreement and pays all labor and materials for work and services under this Agreement.

5.6 Sufficiency of Insurer or Surety.

Insurance and bonds required by this Agreement shall be satisfactory only if issued by companies qualified to do business in California, rated “A” or better in the most recent edition of Best’s Rating Guide, The Key Rating Guide or in the Federal Register, and only if they are of a financial category Class VII or better, unless such requirements are waived by the Risk Manager of the City (“Risk Manager”) due to unique circumstances. If this Agreement continues for more than 3 years duration, or in the event the Risk Manager determines that the work or services to be performed under this Agreement creates an increased or decreased risk of loss to the City, the Contractor agrees that the minimum limits of the insurance policies and the performance bond required by Section 5.5 may be changed accordingly upon receipt of written notice from the Risk Manager.

5.7 Substitution of Securities.

Pursuant to Public Contract Code Section 22300, substitution of eligible equivalent securities for any funds withheld to ensure performance under this Agreement may be permitted at the request and sole expense of the Contractor. Alternatively, the Contractor may, pursuant to an escrow agreement in a form prescribed by Public Contract Code Section 22300, request payment of retentions funds earned directly to the escrow agent at the sole expense of the Contractor.

5.8 Release of Securities.

City shall release the Performance and Labor Bonds when the following have occurred:
(a) Contractor has made a written request for release and provided evidence of satisfaction of all other requirements under Article 5 of this Agreement; (b) the Work has been accepted; and
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Agreement: Ortco Plays, Inc. (Louie Pompei Memorial Sports Park Shade Structure Installation, Plan No. B23-1282) 01.09.2024 (c) after passage of the time within which lien claims are required to be made pursuant to applicable laws; if lien claims have been timely filed, City shall hold the Labor Bond until such claims have been resolved, Contractor has provided statutory bond, or otherwise as required by applicable law.

ARTICLE 6. RECORDS, REPORTS, AND RELEASE OF INFORMATION

6.1 Records.

Contractor shall keep, and require subcontractors to keep, such ledgers, books of accounts, invoices, vouchers, canceled checks, reports, studies, certified and accurate copies of payroll records in compliance with all applicable laws, or other documents relating to the disbursements charged to City and services performed hereunder (the “books and records”), as shall be necessary to perform the services required by this Agreement and enable the Contract Officer to evaluate the performance of such services. Any and all such documents shall be maintained in accordance with generally accepted accounting principles and shall be complete and detailed. The Contract Officer shall have full and free access to such books and records at all times during normal business hours of City, including the right to inspect, copy, audit and make records and transcripts from such records. Such records shall be maintained for a period of 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 Contractor’s business, custody of the books and records may be given to City, and access shall be provided by Contractor’s successor in interest. Notwithstanding the above, the Contractor 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.

Contractor 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. Contractor 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, Contractor agrees that if Contractor 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 Contractor is providing design services, the cost of the project being designed, Contractor shall promptly notify the Contract Officer of said fact, circumstance, technique or event and the estimated increased or decreased cost related thereto and, if Contractor 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 Contractor, 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 Contractor 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 Contractor will be at the City’s sole risk and without liability to Contractor, and Contractor’s guarantee and warranties shall not extend to DocuSign Envelope ID: 28AC8975-26D0-496D-B922-299ECF6254B3 Item #12. Page 31
Meeting Date: 1/9/2024 / Packet Page #: 232
Agreement: Ortco Plays, Inc. (Louie Pompei Memorial Sports Park Shade Structure Installation, Plan No. B23-1282) 01.09.2024 such use, reuse or assignment. Contractor may retain copies of such documents for its own use.

Contractor shall have an unrestricted 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 Contractor fails to secure such assignment, Contractor shall indemnify City for all damages resulting therefrom. Moreover, Contractor 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) information gained or work product produced by Contractor in performance of this Agreement shall be considered confidential, unless such information is in the public domain or already known to Contractor. Contractor 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) Contractor, 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 Contractor gives City notice of such court order or subpoena. (c) If Contractor, or any officer, employee, agent or subcontractor of Contractor, provides any information or work product in violation of this Agreement, then City shall have the right to reimbursement and indemnity from Contractor for any damages, costs and fees, including attorneys’ fees, caused by or incurred as a result of Contractor’s conduct. (d) Contractor shall promptly notify City should Contractor, 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 Contractor or be present at any deposition, hearing or similar proceeding. Contractor agrees to cooperate fully with City and to provide City with the opportunity to review any response to discovery requests provided by Contractor. 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 Contractor 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.

DocuSign Envelope ID: 28AC8975-26D0-496D-B922-299ECF6254B3 Item #12. Page 32
Meeting Date: 1/9/2024 / Packet Page #: 233
Agreement: Ortco Plays, Inc. (Louie Pompei Memorial Sports Park Shade Structure Installation, Plan No. B23-1282) 01.09.2024

7.2 Disputes.
(a) Default; Cure. In the event that Contractor is in default under the terms of this Agreement, the City shall not have any obligation or duty to continue compensating Contractor for any work performed after the date of default. Instead, the City may give notice to Contractor of the default and the reasons for the default. The notice shall include the timeframe in which Contractor 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 Contractor is in default, the City shall hold all invoices and shall proceed with payment on the invoices only when the default is cured. 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 Contractor 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 Contractor’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.
(b) Dispute Resolution. This contract is subject to the provisions of Article 1.5 (commencing at Section 20104) of Division 2, Part 3 of the California Public Contract Code regarding the resolution of public works claims of less than $375,000. Article 1.5 mandates certain procedures for the filing of claims and supporting documentation by the Contractor, for the response to such claims by the City, for a mandatory meet and confer conference upon the request of the Contractor, for mandatory non-binding mediation in the event litigation is commenced, and for mandatory judicial arbitration upon the failure to resolve the dispute through mediation. This Agreement hereby incorporates the provisions of Article 1.5 as though fully set forth herein.

7.3 Retention of Funds.

Contractor hereby authorizes City to deduct from any amount payable to Contractor (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 Contractor’s acts or omissions in performing or failing to perform Contractor’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 Contractor, 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 to deduct or to withhold shall not, however, affect the obligations of the Contractor 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 Contractor 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.

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Meeting Date: 1/9/2024 / Packet Page #: 234
Agreement: Ortco Plays, Inc. (Louie Pompei Memorial Sports Park Shade Structure Installation, Plan No. B23-1282) 01.09.2024

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, Contractor shall file a 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 Liquidated Damages.

Since the determination of actual damages for any delay in performance of this Agreement would be extremely difficult or impractical to determine in the event of a breach of this Agreement, the Contractor and its sureties shall be liable for and shall pay to the City the sum of $1,000 (One Thousand Dollars) as liquidated damages for each working day of delay in the performance of any service required hereunder, as specified in the Schedule of Performance (Exhibit “D”). The City may withhold from any monies payable on account of services performed by the Contractor any accrued liquidated damages. Pursuant to Government Code Section 4215, Contractor shall not be assessed liquidated damages for delay in completion of the project when such delay was caused by the failure of the public agency or owner of the utility to provide for removal or relocation of utility facilities.

7.8 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 Contractor, except that where termination is due to the fault of the Contractor, the period of notice may be such shorter time as may be determined by the Contract Officer. In addition, the Contractor 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 Contractor may determine. Upon receipt of any notice of termination, Contractor shall immediately cease all services hereunder except such as may be specifically approved by the Contract Officer. Except where the Contractor has initiated termination, the Contractor 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 Contractor has initiated termination, the Contractor 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.

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Agreement: Ortco Plays, Inc. (Louie Pompei Memorial Sports Park Shade Structure Installation, Plan No. B23-1282) 01.09.2024

7.9 Termination for Default of Contractor.

If termination is due to the failure of the Contractor 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 Contractor 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 Contractor for the purpose of set-off or partial payment of the amounts owed the City as previously stated.

7.10 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.

7.11 Unfair Business Practices Claims.

In entering into this Agreement, Contractor offers and agrees to assign to the City all rights, title, and interest in and to all causes of action it may have under Section 4 of the Clayton Act (15 U.S.C. § 15) or under the Cartwright Act (Chapter 2, (commencing with Section 16700) of Part 2 of Division 7 of the Business and Professions Code), arising from purchases of goods, services or materials related to this Agreement. This assignment shall be made and become effective at the time the City renders final payment to the Contractor without further acknowledgment of the Parties.

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 Contractor, 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 Contractor or to its successor, or for breach of any obligation of the terms of this Agreement.

8.2 Conflict of Interest.

Contractor 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 Contractor’s performance of services under this Agreement. Contractor 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. Contractor 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.

DocuSign Envelope ID: 28AC8975-26D0-496D-B922-299ECF6254B3 Item #12. Page 35
Meeting Date: 1/9/2024 / Packet Page #: 236
Agreement: Ortco Plays, Inc. (Louie Pompei Memorial Sports Park Shade Structure Installation, Plan No. B23-1282) 01.09.2024 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 effects his financial interest or the financial interest of any corporation, partnership or association in which he is, directly or indirectly, interested, in violation of any State statute or regulation. The Contractor 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.

Contractor covenants that, by and for itself, its heirs, executors, assigns, and all persons claiming under or through them, there shall be no discrimination against or segregation of, any person or group of persons on account of race, color, creed, religion, sex, gender, sexual orientation, marital status, national origin, ancestry, or other protected class in the performance of this Agreement. Contractor 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.

Contractor 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 Contractor 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, Contractor 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 Contractor, to the person 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. All correspondence relating to this Agreement shall be serialized consecutively.

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.

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Agreement: Ortco Plays, Inc. (Louie Pompei Memorial Sports Park Shade Structure Installation, Plan No. B23-1282) 01.09.2024

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 Contractor 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.

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. Contractor 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.

Contractor 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. Contractor 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.

Contractor’s Authorized Initials ___________________
Lynn A. Ortlieb
President
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Agreement: Ortco Plays, Inc. (Louie Pompei Memorial Sports Park Shade Structure Installation, Plan No. B23-1282) 01.09.2024

9.7 Corporate Authority.

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) the entering into this Agreement does not violate any provision of any other Agreement to which said party is bound. This Agreement shall be binding upon the heirs, executors, administrators, successors and assigns of the parties. [SIGNATURES ON FOLLOWING PAGE]
DocuSign Envelope ID: 28AC8975-26D0-496D-B922-299ECF6254B3 Item #12. Page 38
Meeting Date: 1/9/2024 / Packet Page #: 239
Agreement: Ortco Plays, Inc. (Louie Pompei Memorial Sports Park Shade Structure Installation, Plan No. B23-1282) 01.09.2024 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:

Ortco Inc
Name: Lynn A. Ortlieb
Title: President
Email: [email protected]
Name: Ginny Ortlieb
Title: Secretary
Email: [email protected]
Address: 2163 N. Glassell St.

Orange, CA 92865______________
Two corporate officer signatures required when Contractor is a corporation, with one signature required from each of the following groups: 1) Chairman of the Board, President or any Vice President; and 2) Secretary, any Assistant Secretary, Chief Financial Officer or any Assistant Treasurer. CONTRACTOR’S SIGNATURES SHALL BE DULY NOTARIZED,

AND APPROPRIATE ATTESTATIONS SHALL BE INCLUDED AS MAY BE REQUIRED BY THE BYLAWS, ARTICLES OF INCORPORATION, OR OTHER RULES OR REGULATIONS APPLICABLE TO CONTRACTOR’S BUSINESS ENTITY.

DocuSign Envelope ID: 28AC8975-26D0-496D-B922-299ECF6254B3 Dec 28, 2023 | 1:38 PM PST
Dec 28, 2023 | 1:38 PM PST
Item #12. Page 39
Meeting Date: 1/9/2024 / Packet Page #: 240
A-1
LOUIE POMPEI MEMORIAL SPORTS PARK SHADE STRUCTURE INSTALLATION, PLAN NO. B23-1282; EXHIBIT “A”

SCOPE OF WORK
I. Contractor shall perform all of the work and comply with all of the specifications and requirements in the “General Provisions” and “Special Provisions” included in the bid documents for the project entitled Louie Pompei Memorial Sports Park Shade Structure Installation, including any documents or exhibits referenced therein.

II. Brief description of the work to be performed:

SITE WORK:

Contractor is responsible for all of the following:
 Surveying/layout
 Foundation Preparation
 Structure Foundation
 Steel Reinforcing/Installation
 Anchoring
 Shade Fabric Installation
 Fastening System Installation
 Site Cleanup/Debris Removal
The City will provide the shade structures manufactured by Shade Systems, Inc. and will include the structural steel frame, fabric roof, steel cables and all fasteners. Contractor is responsible for inspecting and verifying any and all dimensions and measurements required for the structures.

Contractor shall be responsible for all additional materials, labor, machinery, and equipment necessary for completion of the specified project herein.

1. Field #1
19’X154’ Wrap Around Cantilever consisting of (6) columns and (3) fabric canopies with 9’ Eave Pier Mounted Columns

2. Field #2
19’X154’ Wrap Around Cantilever consisting of (6) columns and (3) fabric canopies with 9’ Eave Pier Mounted Columns

3. Field #3
19’X86’ Single Cantilever consisting of (4) columns and (3) fabric canopies with 9’ Eave Pier Mounted Columns

4. Field #4
17’X148’ Wrap Around Cantilever consisting of (6) columns and (3) fabric canopies with 9’ Eave Pier Mounted Columns
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A-2
LOUIE POMPEI MEMORIAL SPORTS PARK SHADE STRUCTURE INSTALLATION, PLAN NO. B23-1282;

5. Field #5 - Football
25’X168’ Single Cantilever consisting of (8) columns and (3) fabric canopies with 9’ Eave Pier Mounted Columns

6. Field #5 - Softball
17’X148’ Wrap Around Cantilever consisting of (6) columns and (3) fabric canopies with 9’ Eave Pier Mounted Columns
III. In addition to the requirements of Section 6.2, during performance of the work, Contractor will keep the City apprised of the status of performance by delivering the following status reports:

A. Contractor will provide City with weekly updates on project. This includes any timeline changes, issues, or change orders needed.

IV. All work is subject to review and acceptance by the City, and must be revised by the Contractor without additional charge to the City until found satisfactory and accepted by City.

V. Contractor shall provide safe and continuous passage for pedestrian and vehicular traffic in accordance with the Work Area Traffic Control Handbook (WATCH), latest edition.

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B-1
LOUIE POMPEI MEMORIAL SPORTS PARK SHADE STRUCTURE INSTALLATION, PLAN NO. B23-1282; EXHIBIT “B”

SPECIAL REQUIREMENTS
(Superseding Contract Boilerplate)
Added text is indicated in bold italics, deleted text is indicated in strikethrough. (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. Such policies shall also include additional insured certificate naming “Los Angeles County Regional Park and Open Space District” as an additional insured on all liability policies applicable to the project. This provision shall also apply to any excess/umbrella liability policies.

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C-1
LOUIE POMPEI MEMORIAL SPORTS PARK SHADE STRUCTURE INSTALLATION, PLAN NO. B23-1282; EXHIBIT “C”

SCHEDULE OF COMPENSATION
I. Contractor shall perform all work at the rates on the Bid Sheet submitted as part of Contractor’s Proposal, and listed below:

II. A retention of five percent (5%) shall be held from each payment as a contract retention to be paid as part of the final payment upon satisfactory completion of services.

III. Within the budgeted amounts for each item on the Bid Sheet, and with the approval of the Contract Officer, funds may be shifted from one item’s subbudget to another so long as the Contract Sum is not exceeded per Section 2.1, unless Additional Work is approved per Section 1.10.

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

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

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

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

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

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C-2
LOUIE POMPEI MEMORIAL SPORTS PARK SHADE STRUCTURE INSTALLATION, PLAN NO. B23-1282; V. The total compensation for the Services shall not exceed the Contract Sum, as provided in Section 2.1 of this Agreement.

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D-1
LOUIE POMPEI MEMORIAL SPORTS PARK SHADE STRUCTURE INSTALLATION, PLAN NO. B23-1282; EXHIBIT “D”

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

Description Days to Perform Deadline Date
A. All Work 60 Working Days 60 working days
after NTP
II. Contractor shall deliver the following tangible work products to the City by the following dates.

A. Installation of shade structures at 6 seating areas at Louie Pompei Memorial Sports Park by 60 working days after issuance to Notice to Proceed.

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

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LOUIE POMPEI MEMORIAL SPORTS PARK SHADE STRUCTURE INSTALLATION, PLAN NO. B23-1282;

PERFORMANCE BOND
WHEREAS, the CITY OF GLENDORA, (“City”), has awarded to Ortco Inc, as Contract for the work entitled and described as follows: Louie Pompei Memorial Sports Park Shade Structure Installation, Plan No. B23-1282;
WHEREAS, the Contractor is required under the terms of said Contract to furnish a bond for the faithful performance of the Contract;
NOW, THEREFORE, we the undersigned Contractor and Surety, are held and firmly bound unto the City in the sum of Four Hundred Seventy-Seven Thousand Seven Hundred Dollars ($477,700.00), this amount being not less than one hundred percent (100%) of the total Contract price, lawful money of the United States of America, for payment of which sum well and truly be made we bind ourselves, our heirs, executors, administrators, and successors, jointly and severally, firmly by these presents. In case suit is brought upon this bond, the Surety will pay a reasonable attorney’s fee to the City in an amount to be fixed by the court.

THE CONDITION OF THIS OBLIGATION IS SUCH THAT, if the hereby bound Contractor, or its heirs, executors, administrators, successors, or assigns, shall in all things stand and abide by, well and truly keep and perform all undertakings, terms, covenants, conditions, and agreements in the said Contract and any alteration thereof, made as therein provided, all within the time and in the manner designated and in all respects according to their true intent and meaning, then this obligation shall become null and void; otherwise it shall be and remain in full force and effect.

FURTHER, the said Surety, for value received, hereby stipulates and agrees that no change, extension of time, alteration, or modification of the Contract Documents or of the work to be performed thereunder shall in any way affect its obligations on this bond, and it does hereby waive notice of such change, extension of time, alteration, or modification of the Contract Documents or of the work to be performed thereunder.

Executed on 20___.

PRINCIPAL
(Seal if Corporation) By
Title
(Attach Acknowledgment of Authorized Representative of Principal) DocuSign Envelope ID: 28AC8975-26D0-496D-B922-299ECF6254B3 Item #12. Page 46
Meeting Date: 1/9/2024 / Packet Page #: 247
LOUIE POMPEI MEMORIAL SPORTS PARK SHADE STRUCTURE INSTALLATION, PLAN NO. B23-1282; Any claims under this bond may be addressed to:
(name and address of Surety)
(name and address of Surety's agent for service
of
process in California, if different from above)
(telephone number of Surety's agent in
California)
(Attach Acknowledgment)
SURETY
By
(Attorney-in-Fact)
APPROVED:
(Attorney for CITY)
NOTICE:

No substitution or revision to this bond form will be accepted. Sureties must be authorized to do business in and have an agent for service of process in California. Certified copy of Power of Attorney must be attached.

DocuSign Envelope ID: 28AC8975-26D0-496D-B922-299ECF6254B3 Item #12. Page 47
Meeting Date: 1/9/2024 / Packet Page #: 248
LOUIE POMPEI MEMORIAL SPORTS PARK SHADE STRUCTURE INSTALLATION, PLAN NO. B23-1282;

PAYMENT BOND
(Labor and Material Bond)
WHEREAS, the CITY OF GLENDORA, (“City”), has awarded to Ortco Inc., as Contractor (“Principal”), a Contract for the work entitled and described as follows: Louie Pompei Memorial Sports Park Shade Structure Installation, Plan No. B23-1282; WHEREAS, said Contractor is required to furnish a bond in conjunction with said Contract, to secure the payment of claims of laborers, mechanics, material men, and other persons as provided by law;
NOW, THEREFORE, we the undersigned Contractor and Surety, are held and firmly bound unto the City in the sum of Four Hundred Seventy-Seven Thousand Seven Hundred Dollars ($477,700.00), this amount being not less than one hundred percent (100%) of the total Contract price, lawful money of the United States of America, for payment of which sum well and truly be made we bind ourselves, our heirs, executors, administrators, and successors, jointly and severally, firmly by these presents. In case suit is brought upon this bond, the Surety will pay a reasonable attorney’s fee to the City in an amount to be fixed by the court.

THE CONDITION OF THIS OBLIGATION IS SUCH THAT, if said Contractor, its heirs, executors, administrators, successors, assigns, or subcontractor fails to pay: (1) for any work, materials, services, provisions, provender, or other supplies, or for the use of implements of machinery, used in, upon, for, or about the performance of the work to be done, or for any work or labor thereon of any kind; (2) for work performed by any of the persons named in Civil Code Section 9100; (3) for any amounts due under the Unemployment Insurance Code with respect to work or labor performed under the contract; and/or (4) for any amounts required to be deducted, withheld, and paid over to the Employment Development Department from the wages of employees of the Contractor and/or its subcontractors pursuant to Section 13020 of the Unemployment Insurance Code with respect to such work and labor, then the Surety herein will pay for the same in an amount not exceeding the sum specified in this bond, otherwise the above obligation shall be void.

This bond shall inure to the benefit of any of the persons named in Civil Code Section 9100 so as to give a right of action to such persons or their assigns in any suit brought upon the bond. Moreover, if the City or any entity or person entitled to file stop payment notices is required to engage the services of an attorney in connection with the enforcement of this bond, each shall be liable for the reasonable attorney's fees incurred, with or without suit, in addition to the above sum.

Said Surety, for value received, hereby stipulates and agrees that no change, extension of time, alteration, or modification of the Contract Documents or of the work to be performed thereunder shall in any way affect its obligations on this bond, and it does hereby waive notice of such change, extension of time, alteration, or modification of the Contract Documents or of the work to be performed thereunder.

DocuSign Envelope ID: 28AC8975-26D0-496D-B922-299ECF6254B3 Item #12. Page 48
Meeting Date: 1/9/2024 / Packet Page #: 249
LOUIE POMPEI MEMORIAL SPORTS PARK SHADE STRUCTURE INSTALLATION, PLAN NO. B23-1282; Executed on , 20___.

PRINCIPAL
(Seal if Corporation) By
Title
(Attach Acknowledgment of Authorized Representative of Principal) Any claims under this bond may be addressed to:
(name and address of Surety)
(name and address of Surety's agent for service
of process in California, if different from above)
(telephone number of Surety's agent in
California)
(Attach Acknowledgment)
SURETY
By
(Attorney-in-Fact)
APPROVED:
(Attorney for CITY)
NOTICE:

No substitution or revision to this bond form will be accepted. Sureties must be authorized to do business in and have an agent for service of process in California. Certified copy of Power of Attorney must be attached.

DocuSign Envelope ID: 28AC8975-26D0-496D-B922-299ECF6254B3 Item #12. Page 49
Meeting Date: 1/9/2024 / Packet Page #: 250

WORKERS COMPENSATION INSURANCE CERTIFICATE
Description of Contract: City of Glendora
Project: Louie Pompei Memorial Sports Park Shade Structure Installation, Plan No. B23-1282;
Type of Insurance: Workers' Compensation and
Employers' Liability Insurance
THIS IS TO CERTIFY that the following policy has been issued by the below-stated company in conformance with the requirements of Article 5 of the Contract and is in force at this time, and is in a form approved by the Insurance Commissioner.

The Company will give at least 30 days' written notice to the City and Engineer/Architect prior to any cancellation of said policy.

POLICY NUMBER EXPIRATION DATE LIMITS OF LIABILITY
Workers' Compensation:

Statutory Limits Under the Laws
of the State of California
Employers' Liability:
$_________________ Each Accident
$_________________ Disease - Policy Limit
$_________________ Disease - Each Employee
Named Insured (Contractor) Insurance Company
Street Number Street Number
City and State City and State
By
(Company Representative)
(SEE NOTICE ON NEXT PAGE)
DocuSign Envelope ID: 28AC8975-26D0-496D-B922-299ECF6254B3 Item #12. Page 50
Meeting Date: 1/9/2024 / Packet Page #: 251
Insurance Company Agent for Service
of Process in California:

Name
Agency
Street Number
City and State
Telephone Number
This certificate is issued as a matter of information only and confers no rights upon the certificate holder. This certificate does not amend, extend, or alter the coverage afforded by the policy listed herein.

This is to certify that the policy has been issued to the named insured for the policy period indicated, notwithstanding any requirement, term, or condition of any contract or other document with respect to which this certificate may be issued or may pertain, the insurance afforded by the policy described herein is subject to all the terms, exclusions, and conditions of such policy.

NOTICE:

No substitution or revision to the above certificate form will be accepted. If the insurance called for is provided by more than one insurance company, a separate certificate in the exact above form shall be provided for each insurance company.

DocuSign Envelope ID: 28AC8975-26D0-496D-B922-299ECF6254B3 Item #12. Page 51
Meeting Date: 1/9/2024 / Packet Page #: 252

ADDITIONAL INSURED ENDORSEMENT

COMPREHENSIVE GENERAL LIABILITY
Name and address of named insured (“Named Insured”)
Name and address of Insurance Company (“Company”)
General description of agreement(s), permit(s), license(s), and/or activity(ies) insured Notwithstanding any inconsistent statement in the policy to which this endorsement is attached (the “Policy”) or in any endorsement now or hereafter attached thereto, it is agreed as follows:

1. The
(“Public Agency”), its elected officials, officers, attorneys, agents, employees, and volunteers are additional insureds (the above named additional insureds are hereafter referred to as the “Additional Insureds”) under the Policy in relation to those activities described generally above with regard to operations performed by or on behalf of the Named Insured. The Additional Insureds have no liability for the payment of any premiums or assessments under the Policy.

2. The insurance coverages afforded the Additional Insureds under the Policy shall be primary insurance, and no other insurance maintained by the Additional Insureds shall be called upon to contribute with the insurance coverages provided by the Policy.

3. Each insurance coverage under the Policy shall apply separately to each Additional Insured against whom claim is made or suit is brought except with respect to the limits of the Company's liability.

4. Nothing in this contract of insurance shall be construed to preclude coverage of a claim by one insured under the policy against another insured under the policy. All such claims shall be covered as third-party claims, i.e., in the same manner as if separate policies had been issued to each insured. Nothing contained in this provision shall operate to increase or replicate the Company's limits of liability as provided under the policy.

5. The insurance afforded by the Policy for contractual liability insurance (subject to the terms, conditions and exclusions applicable to such insurance) includes liability assumed by the Named Insured under the indemnification and/or hold harmless provision(s) contained in or executed in conjunction with the written agreement(s) or permit(s) designated above, between the Named Insured and the Additional Insureds.

6. The policy to which this endorsement is attached shall not be subject to cancellation, change in coverage, reduction of limits (except as the result of the payment of claims), or non-renewal except after written notice to Public Agency, by certified mail, return receipt requested, not less than thirty (30) days prior to the effective date thereof. In the event of Company's failure to comply with this notice provision, the policy as initially drafted will continue in full force and effect until compliance with this notice requirement.

7. Company hereby waives all rights of subrogation and contribution against the Additional Insureds, while acting within the scope of their duties, from all claims, losses and liabilities arising out of or incident to the perils insured against in relation to those activities described generally above with regard DocuSign Envelope ID: 28AC8975-26D0-496D-B922-299ECF6254B3 Item #12. Page 52
Meeting Date: 1/9/2024 / Packet Page #: 253
to operations performed by or on behalf of the Named Insured regardless of any prior, concurrent, or subsequent active or passive negligence by the Additional Insureds.

8. It is hereby agreed that the laws of the State of California shall apply to and govern the validity, construction, interpretation, and enforcement of this contract of insurance.

9. This endorsement and all notices given hereunder shall be sent to Public Agency at:

City Manager, City of Glendora, 116 E. Foothill Blvd., Glendora, California 91741-3380.

10. Except as stated above and not in conflict with this endorsement, nothing contained herein shall be held to waive, alter or extend any of the limits, agreements, or exclusions of the policy to which this endorsement is attached.

TYPE OF COVERAGES TO WHICH POLICY PERIOD LIMITS OF

THIS ENDORSEMENT ATTACHES FROM/TO LIABILITY

11. Scheduled items or locations are to be identified on an attached sheet. The following inclusions relate to the above coverages. Includes:
□ Contractual Liability □ Explosion Hazard
□ Owners/Landlords/Tenants □ Collapse Hazard
□ Manufacturers/Contractors □ Underground Property Damage □ Products/Completed Operations □ Pollution Liability
□ Broad Form Property Damage □ Liquor Liability
□ Extended Bodily Injury □
□ Broad Form Comprehensive □
General Liability Endorsement □

12. A □ deductible or □ self-insured retention (check one) of $ applies to all coverage(s) except:
(if none, so state). The deductible is applicable □ per claim or □ per occurrence (check one).

13. This is an □ occurrence or □ claims made policy (check one).

14. This endorsement is effective on at 12:01 a.m. and forms a part of Policy Number .
(signatures on following page)
DocuSign Envelope ID: 28AC8975-26D0-496D-B922-299ECF6254B3 Item #12. Page 53
Meeting Date: 1/9/2024 / Packet Page #: 254
I, (print name), hereby
declare under penalty of perjury under the laws of the State of California, that I have the authority to bind the Company to this endorsement and that by my execution hereof, I do so bind the Company.

Executed , 20
Signature of Authorized Representative
(Original signature only; no facsimile signature
Telephone No.: ( ) or initialed signature accepted)
DocuSign Envelope ID: 28AC8975-26D0-496D-B922-299ECF6254B3 Item #12. Page 54
Meeting Date: 1/9/2024 / Packet Page #: 255

ADDITIONAL INSURED ENDORSEMENT

AUTOMOBILE LIABILITY
Name and address of named insured (“Named Insured”)
Name and address of Insurance Company (“Company”)
General description of agreement(s), permit(s), license(s), and/or activity(ies) insured Notwithstanding any inconsistent statement in the policy to which this endorsement is attached (the “Policy”) or in any endorsement now or hereafter attached thereto, it is agreed as follows:

1. The
(“Public Agency”), its elected officials, officers, attorneys, agents, employees, and volunteers are additional insureds (the above named additional insureds are hereafter referred to as the “Additional Insureds”) under the Policy in relation to those activities described generally above with regard to operations performed by or on behalf of the Named Insured. The Additional Insureds have no liability for the payment of any premiums or assessments under the Policy.

2. The insurance coverages afforded the Additional Insureds under the Policy shall be primary insurance, and no other insurance maintained by the Additional Insureds shall be called upon to contribute with the insurance coverages provided by the Policy.

3. Each insurance coverage under the Policy shall apply separately to each Additional Insured against whom claim is made or suit is brought except with respect to the limits of the Company's liability.

4. Nothing in this contract of insurance shall be construed to preclude coverage of a claim by one insured under the policy against another insured under the policy. All such claims shall be covered as third-party claims, i.e., in the same manner as if separate policies had been issued to each insured. Nothing contained in this provision shall operate to increase or replicate the Company's limits of liability as provided under the policy.

5. The insurance afforded by the Policy for contractual liability insurance (subject to the terms, conditions and exclusions applicable to such insurance) includes liability assumed by the Named Insured under the indemnification and/or hold harmless provision(s) contained or executed in conjunction with the written agreement(s) or permit(s) designated above, between the Named Insured and the Additional Insureds.

6. The policy to which this endorsement is attached shall not be subject to cancellation, change in coverage, reduction of limits (except as the result of the payment of claims), or non-renewal except after written notice to Public Agency, by certified mail, return receipt requested, not less than thirty (30) days prior to the effective date thereto. In the event of Company's failure to comply with this notice provision, the policy as initially drafted will continue in full force and effect until compliance with this notice requirement.

7. Company hereby waives all rights of subrogation and contribution against the Additional Insureds, while acting within the scope of their duties, from all claims, losses and liabilities arising out of or incident to the perils insured against in relation to those activities described generally above with regard DocuSign Envelope ID: 28AC8975-26D0-496D-B922-299ECF6254B3 Item #12. Page 55
Meeting Date: 1/9/2024 / Packet Page #: 256
to operations performed by or on behalf of the Named Insured regardless of any prior, concurrent, or subsequent active or passive negligence by the Additional Insureds.

8. It is hereby agreed that the laws of the State of California shall apply to and govern the validity, construction, interpretation, and enforcement of this contract of insurance.

9. This endorsement and all notices given hereunder shall be sent to Public Agency at:

City Manager
City of Glendora
116 E. Foothill Blvd.

Glendora, California 91741-3380

10. Except as stated above and not in conflict with this endorsement, nothing contained herein shall be held to waive, alter or extend any of the limits, agreements, or exclusions of the policy to which this endorsement is attached.

TYPE OF COVERAGES TO WHICH POLICY PERIOD LIMITS OF

THIS ENDORSEMENT ATTACHES FROM/TO LIABILITY

11. Scheduled items or locations are to be identified on an attached sheet. The following inclusions relate to the above coverages. Includes:
□ Any Automobiles □ Truckers Coverage
□ All Owned Automobiles □ Motor Carrier Act
□ Non-owned Automobiles □ Bus Regulatory Reform Act
□ Hired Automobiles □ Public Livery Coverage
□ Scheduled Automobiles □
□ Garage Coverage □

12. A □ deductible or □ self-insured retention (check one) of $ applies to all coverage(s) except: (if none, so state). The deductible is applicable □ per claim or □ per occurrence (check one).

13. This is an □ occurrence or □ claims made policy (check one).

14. This endorsement is effective on at 12:01 a.m. and forms a part of Policy Number .
(signatures on following page)
DocuSign Envelope ID: 28AC8975-26D0-496D-B922-299ECF6254B3 Item #12. Page 56
Meeting Date: 1/9/2024 / Packet Page #: 257
I, (print name), hereby
declare under penalty of perjury under the laws of the State of California, that I have the authority to bind the Company to this endorsement and that by my execution hereof, I do so bind the Company.

Executed , 20
Signature of Authorized Representative
(Original signature only; no facsimile signature
Telephone No.: ( ) or initialed signature accepted)
DocuSign Envelope ID: 28AC8975-26D0-496D-B922-299ECF6254B3 Item #12. Page 57
Meeting Date: 1/9/2024 / Packet Page #: 258

ADDITIONAL INSURED ENDORSEMENT

EXCESS LIABILITY
Name and address of named insured (“Named Insured”)
Name and address of Insurance Company (“Company”)
General description of agreement(s), permit(s), license(s), and/or activity(ies) insured Notwithstanding any inconsistent statement in the policy to which this endorsement is attached (the “Policy”) or in any endorsement now or hereafter attached thereto, it is agreed as follows:

1. The
(“Public Agency”), its elected officials, officers, attorneys, agents, employees, and volunteers are additional insureds (the above named additional insureds are hereafter referred to as the “Additional Insureds”) under the Policy in relation to those activities described generally above with regard to operations performed by or on behalf of the Named Insured. The Additional Insureds have no liability for the payment of any premiums or assessments under the Policy.

2. The insurance coverages afforded the Additional Insureds under the Policy shall be primary insurance, and no other insurance maintained by the Additional Insureds shall be called upon to contribute with the insurance coverages provided by the Policy.

3. Each insurance coverage under the Policy shall apply separately to each Additional Insured against whom claim is made or suit is brought, except with respect to the limits of the Company's liability.

4. Nothing in this contract of insurance shall be construed to preclude coverage of a claim by one insured under the policy against another insured under the policy. All such claims shall be covered as third-party claims, i.e., in the same manner as if separate policies had been issued to each insured. Nothing contained in this provision shall operate to increase or replicate the Company's limits of liability as provided under the policy.

5. The insurance afforded by the Policy for contractual liability insurance (subject to the terms, conditions and exclusions applicable to such insurance) includes liability assumed by the Named Insured under the indemnification and/or hold harmless provision(s) contained in or executed in conjunction with the written agreement(s) or permit(s) designated above, between the Named Insured and the Additional Insureds.

6. The policy to which this endorsement is attached shall not be subject to cancellation, change in coverage, reduction of limits (except as the result of the payment of claims), or non-renewal except after written notice to Public Agency, by certified mail, return receipt requested, not less than thirty (30) days prior to the effective date thereto. In the event of Company's failure to comply with this notice provision, the policy as initially drafted will continue in full force and effect until compliance with this notice requirement.

7. Company hereby waives all rights of subrogation and contribution against the Additional Insureds, while acting within the scope of their duties, from all claims, losses and liabilities arising out of or incident to the perils insured against in relation to those activities described generally above with regard to operations performed by or on behalf of the Named Insured regardless of any prior, concurrent, or subsequent active or passive negligence by the Additional Insureds.

DocuSign Envelope ID: 28AC8975-26D0-496D-B922-299ECF6254B3 Item #12. Page 58
Meeting Date: 1/9/2024 / Packet Page #: 259

8. It is hereby agreed that the laws of the State of California shall apply to and govern the validity, construction, interpretation, and enforcement of this contract of insurance.

9. This endorsement and all notices given hereunder shall be sent to Public Agency at:

City Manager
City of Glendora
116 E. Foothill Blvd.

Glendora, California 91741-3380

10. Except as stated above and not in conflict with this endorsement, nothing contained herein shall be held to waive, alter or extend any of the limits, agreements, or exclusions of the policy to which this endorsement is attached.

TYPE OF COVERAGES TO WHICH POLICY PERIOD LIMITS OF

THIS ENDORSEMENT ATTACHES FROM/TO LIABILITY
□ Following Form
□ Umbrella Liability
□

11. Applicable underlying coverages:

INSURANCE COMPANY POLICY NO. AMOUNT

12. The following inclusions, exclusions, extensions or specific provisions relate to the above coverages:

13. A □ deductible or □ self-insured retention (check one) of $ applies to all coverage(s) except:
(if none, so state). The deductible is applicable □ per claim or □ per occurrence (check one).

14. This is an □ occurrence or □ claims made policy (check one).

15. This endorsement is effective on at 12:01 a.m. and forms a part of Policy Number _________.
(signatures on following page)
DocuSign Envelope ID: 28AC8975-26D0-496D-B922-299ECF6254B3 Item #12. Page 59
Meeting Date: 1/9/2024 / Packet Page #: 260
I, (print name), hereby
declare under penalty of perjury under the laws of the State of California, that I have the authority to bind the Company to this endorsement and that by my execution hereof, I do so bind the Company.

Executed , 20
Signature of Authorized Representative
(Original signature only; no facsimile signature
Telephone No.: ( ) or initialed signature accepted)
DocuSign Envelope ID: 28AC8975-26D0-496D-B922-299ECF6254B3 Item #12. Page 60
Meeting Date: 1/9/2024 / Packet Page #: 261
Item #12. Page 61
Meeting Date: 1/9/2024 / Packet Page #: 262
Approve an Agreement with Ortco Inc for the
installation of Park Shade Structures at Louie
Pompei Memorial Sports Park in the amount of
$477,700.00 (Strategic Plan Goal IMCIF)
Recreation & Human Services Department
City Council
January 9, 2024
Kelsey Fay, Management Analyst CityOfGlendora.org
Item #12. Page 62
Meeting Date: 1/9/2024 / Packet Page #: 263
Background
• Grant Award – Measure A
• Shade Structure Purchase
• Notice Inviting Bids
Item #12. Page 63
Meeting Date: 1/9/2024 / Packet Page #: 264
CURRENT CONDITIONS Item #12. Page 64
Meeting Date: 1/9/2024 / Packet Page #: 265

PROJECT AWARD
• Bids closed on November 22,
2023
• Two (2) responsive bids were
received
• Award to Ortco Inc

BIDDER TOTAL BID AMOUNT
ORTCO INC $477,700.00
DD SYSTEMS, INC $338,303.75
Item #12. Page 65
Meeting Date: 1/9/2024 / Packet Page #: 266

FISCAL IMPACT
• The Project’s budget: $972,988.
• Measure A Grant Award: $858,118
• Capital Improvement Program: $114,870
• There are sufficient funds for this project in Measure A and Capital Improvement.

Description Amount
Shade Structure Purchase $448,608
Shade Structure Installation $477,700
Contingency $46,680
Project Budget $972,988
Item #12. Page 66
Meeting Date: 1/9/2024 / Packet Page #: 267

RECOMMENDATIONS

1. Approve an agreement with Ortco Inc for the installation of park shade structures at Louie Pompei Memorial Sports Park in the amount of $477,700.

2. Authorize change orders in an amount not to exceed 5% or $23,885 for a total contract amount not to exceed $501,585.

3. Authorize the City Manager or his designee to execute the agreement with Ortco Inc, including minimal and/or nonsubstantive changes.

That the City Council:

Item #12. Page 67
Meeting Date: 1/9/2024 / Packet Page #: 268

STAFF REPORT
TO: Mayor and Council Members DATE: January 9, 2024
FROM: Library DISTRICT(S): City-Wide
SUBJECT: Discussion of Library Structural Assessment, Visioning, and Funding Options

RECOMMENDATION
That the City Council:

1. Discuss and provide direction to staff as needed regarding:
a. Scope of Council’s recommended project(s) related to Library building; b. Scope of Council’s recommended associated project(s) at other facilities specified by Council; c. Production of any related architectural concept drawings as desired; d. Position on funding options for recommended project(s); e. Public polling data as needed; AND.

2. In support of directed activities, specify any needed parameters authorizing:
a. City Manager, or his designee, to execute Professional Services Agreements; and, b. Appropriation of necessary funds.

STRATEGIC FOCUS AREAS
 Goal 1: Implement Strategic Economic Development (ISED)  Goal 5: Improve and Maintain the City’s Infrastructure and Facilities (IMCIF)  Goal 4: Enhance and Modernize the Organization (EMO)
 Goal 2: Maintain Financial Stability and Sustainability (MFSS)

EXECUTIVE SUMMARY
The current Glendora Public Library building was funded and built in the environment of the early 1970s.

Recent structural and programmatic analyses indicate that significant retrofitting/repairs and additional square footage are now needed. Different project costs, estimated to range from approximately $1 million to as high as $70 million, could overwhelm the City’s current financial resources. As a result, the City could consider an alternative funding option to facilitate any proposed improvements – a bond issuance, a revenue measure, or a combination thereof.

LEGISLATIVE HISTORY / PREVIOUS ACTIONS
 2021: City staff contracted with JMDiaz, Inc. to assess the feasibility of adding a shade structure to the Plaza. Based upon the findings of that preliminary evaluation, a more comprehensive evaluation of the Library was recommended.
 November 2021: City Council and Board of Library Trustees each received a briefing on structural anomalies that appear in the City’s library building and discussed ways in which the City might address those structural anomalies.
 June 2022: City Council and Board of Library Trustees each received a privileged and confidential briefing regarding a possible threat to public services or facilities (not a threat posed by violence, Item #13. Page 1
Meeting Date: 1/9/2024 / Packet Page #: 269
Staff Report Page 2 of 3
but a threat as defined by Government Code section §54957), questions were asked and answered, and no reportable action was taken.
 January 2023: City Council awarded a contract to Myers Houghton and Partners, Inc. (MHP) to perform in-depth structural analysis and evaluation of the Library’s suitability for major renovations, including a potential second-story addition, initial visioning activities, and conceptual design for a second story addition.
 February 2023: City administration solicited proposals to conduct surveys on Library planning and revenue measure feasibility; estimated costs were included in the FY 2023/24 & 2024/25 Two-Year Budget process.
 May 2023: City Council again received a briefing involving a potential threat to public services or public facilities; and directed staff to combine slab work, electrical, HVAC, A/C, plumbing, and structural maintenance repairs with no other significant improvements in the amount of $8 million for round 2 of the California State Library's Building Forward Library Facilities Improvement Program.
 November 2023: At a special joint meeting, a privileged and confidential presentation was provided to City Council and the Board of Library Trustees. Direction was provided to staff to schedule a Special Meeting on Tuesday, December 5, 2023, with no further to reportable action.  December 2023: At a Special Meeting, the Board of Library Trustees held a discussion of Library structural assessment, visioning, and funding options.

DISCUSSION
Current Library Building
 After a decade of various funding-measure activity, a new Library facility project gained momentum from 1967-1969.
 In 1970, a Joint Powers Authority (JPA) was created between the City and Glendora Unified School District, eventually resulting in the sale of $950,000 in Lease Revenue Bonds.  Groundbreaking occurred in late 1970 and the building opened in 1972, anticipated to serve the City for 35 years.
 The 1970s pre-Proposition 13 environment allowed the City to adjust its own property taxes in the years that followed.
 Recent structural analyses of the 1972 building now indicate that significant retrofitting/repairs are needed, and events on the Plaza are currently limited to 500 people with equipment.

Library Building for Next 35-50 years
 Structural analysis also included Library stakeholder visioning sessions, led by architectural consultants.
 Programmatic assessment of the current building identified issues ranging from lack of visibility to inadequate HVAC, lighting, and usable space.
 Desirable Library building spaces and uses were identified and assigned square footage for a near-future structure, with the emphasis being on architectural solutions that would support timely and responsive layout changes moving forward.
 Conceptual models for adding approximately 20,000 more square feet to the existing structure were created, and construction cost estimates were in line with total project cost estimates provided to Council in May (total costs approximately $30 million to $45 million).  Other options from repair to replacement are estimated at approximately $1 million to $70 million in total costs.

Political and Fiscal Environment
 Glendora was not selected for funding from California State Library’s Building Forward Library Facilities Improvement Program.
 Glendora Unified School District study showed a “$140 million bond measure for GUSD is worthy of future planning and consideration.”
Item #13. Page 2
Meeting Date: 1/9/2024 / Packet Page #: 270
Staff Report Page 3 of 3
 Options for funding a Library building project include citizen-initiated and City-initiated measures.  Other options currently assessed to be too limiting, or to be more viable for adding value than fullproject funding: new JPAs, private/public partnerships, and naming-rights sponsorships/donations.  Surveys regarding public receptivity can be designed to ask about a single type of funding, or to compare different funding proposals; turnaround time is approximately 50 days.

Please refer to presentation materials for additional detail.

FISCAL IMPACT
There is no fiscal impact associated with the discussion itself. Should there be any resulting staff direction, recommendation is for Council to set parameters guiding any related appropriations or other funding measures. The largest fiscal impact would arise from any resulting capital projects, which could range from approximately $1 million to $70 million for a single facility. Depending on the direction provided by the City Council and the order of magnitude of the proposed improvements, they could overwhelm the City’s current financial resources. As a result, the City could consider an alternative funding option to facilitate the proposed improvements – a bond issuance, a revenue measure, or a combination thereof.

ENVIRONMENTAL DETERMINATION
Not applicable.

Prepared By Janet Stone, Library Director
Concurs With Not Applicable
Reviewed By Janet Stone, Library Director
Certified to Availability of Funds Marie Ricci, Deputy City Manager Approved By Adam Raymond, City Manager
Legal Review Danny Aleshire, Assistant City Attorney
CEQA Review Not Applicable
ATTACHMENTS:

A. Presentation
Item #13. Page 3
Meeting Date: 1/9/2024 / Packet Page #: 271
Discussion of Library
Structural Assessment, Visioning,
and Funding Options
Library and City Manager’s Office
City Council
January 9, 2024
Janet Stone, Library Director and Adam Raymond, City Manager CityOfGlendora.org Item #13. Page 4
Meeting Date: 1/9/2024 / Packet Page #: 272

OVERVIEW
• Current Library building
• Building to serve another 35 to 50 years
• Political and fiscal environment
Item #13. Page 5
Meeting Date: 1/9/2024 / Packet Page #: 273

CURRENT LIBRARY BUILDING
• Timeline of Building
• Political Partnerships and Disagreements
• Public Finance and Local Control
Item #13. Page 6
Meeting Date: 1/9/2024 / Packet Page #: 274
1955 – LIBRARY BOND BALLOT MEASURE
32% (yes) / 68% (no)
Item #13. Page 7
Meeting Date: 1/9/2024 / Packet Page #: 275
1965 – POLICE BOND BALLOT MEASURE
86% (yes) / 14% (no)
Item #13. Page 8
Meeting Date: 1/9/2024 / Packet Page #: 276

BACKGROUND
• 1967 and 1968
o New library facility project gains momentum
o Library expansion is a continual process
§ Reading Room
§ City Hall Space (1912)
§ City Hall Annex (1930)
§ City Hall Annex Expansion (1955)
Item #13. Page 9
Meeting Date: 1/9/2024 / Packet Page #: 277

BACKGROUND
• 1968 and 1969
o Annexations, population growth, school impacts
o Library space needs to be solved by a new building
o City’s new 1990 General Plan, anticipates:
§ Population growing from 30,000 to 80,000
§ Student enrollment growing from 9,175 to 25,350
Item #13. Page 10
Meeting Date: 1/9/2024 / Packet Page #: 278
1968 Letter From City to GUSD
8 Item #13. Page 11
Meeting Date: 1/9/2024 / Packet Page #: 279

BACKGROUND
• February 1969
o City Council authorized City Manager to apply for library grant funds to build a new facility
o City Council calls for a general obligation library bond measure should the funds be awarded ($785,000)
Item #13. Page 12
Meeting Date: 1/9/2024 / Packet Page #: 280
• September 1969
o City Council updated on Library financing
o City Council cancels election for library facility
bonds, citing bond market uncertainty and
uncertain tax law litigation (e.g. 2/3 vs 50 +1)
o City Council hires a financial consultant and
authorizes architect to continue work
BACKGROUND Item #13. Page 13
Meeting Date: 1/9/2024 / Packet Page #: 281
• November/December 1969
o State/Federal funding denied
o City moves forward with “ultramodern” library
design
§ 28,000 sqft, down from 33,000 sqft
§ Approximately $1.1 million including design,
land acquisition, and furnishings
§ Anticipated to serve the City for 35 years
BACKGROUND Item #13. Page 14
Meeting Date: 1/9/2024 / Packet Page #: 282
• Late 1969 through early 1970
o Effort by a Mrs. Everett Cloutman, to require a vote
to issue bonds to build a new library
§ Petition gathered 1,136 signatures, required
1,376 signature.
§ Supported by one Councilmember (Isensee)
BACKGROUND Item #13. Page 15
Meeting Date: 1/9/2024 / Packet Page #: 283
• July 1970
o Creation of Glendora Library Authority
§ Joint Powers Authority between City and
Glendora Unified School District
§ Ability to issue debt
§ Acknowledgement of growing school population
BACKGROUND Item #13. Page 16
Meeting Date: 1/9/2024 / Packet Page #: 284
• October/November 1970
o City Council approves “Glendora Library Ground
Lease” and “Glendora Library Sublease”
§ Agreement with Glendora Library Authority
§ Term coincides with issuance of bonds
§ Payment is equivalent to debt service
($81,000/year)
BACKGROUND Item #13. Page 17
Meeting Date: 1/9/2024 / Packet Page #: 285
• November 1970
o Library Authority completes sale of $950,000 in
Lease Revenue Bonds
§ Bank of America
§ Approximately 7% for 30 years
§ $81,000 annual debt service payment
BACKGROUND Item #13. Page 18
Meeting Date: 1/9/2024 / Packet Page #: 286
• November 1970
o Groundbreaking
• February 1972
o Grand opening and dedication of Library
BACKGROUND Item #13. Page 19
Meeting Date: 1/9/2024 / Packet Page #: 287
POPULATION OVERVIEW (1911)
700
Item #13. Page 20
Meeting Date: 1/9/2024 / Packet Page #: 288
POPULATION OVERVIEW (1950)
3,988
Item #13. Page 21
Meeting Date: 1/9/2024 / Packet Page #: 289
POPULATION OVERVIEW (1960)
20,752
Item #13. Page 22
Meeting Date: 1/9/2024 / Packet Page #: 290
POPULATION OVERVIEW (1970)
31,380
Item #13. Page 23
Meeting Date: 1/9/2024 / Packet Page #: 291
POPULATION OVERVIEW (1980)
38,500
Item #13. Page 24
Meeting Date: 1/9/2024 / Packet Page #: 292
POPULATION OVERVIEW (2000)
49,502
Item #13. Page 25
Meeting Date: 1/9/2024 / Packet Page #: 293
POPULATION OVERVIEW (2013-Current)
51,159
19,502 cities in the
US. Glendora ranks
approximately 775
th
by population
Down from 52,506
in 2020
Item #13. Page 26
Meeting Date: 1/9/2024 / Packet Page #: 294

BUDGET AND CITY FINANCES
• February 1969 SGV Tribune article on library bond
measure funding
o “Yes” and “No” – Homeowners didn’t see decreased costs Item #13. Page 27
Meeting Date: 1/9/2024 / Packet Page #: 295
BUDGET AND CITY FINANCES Item #13. Page 28
Meeting Date: 1/9/2024 / Packet Page #: 296
BUDGET AND CITY FINANCES Item #13. Page 29
Meeting Date: 1/9/2024 / Packet Page #: 297
Item #13. Page 30
Meeting Date: 1/9/2024 / Packet Page #: 298
Item #13. Page 31
Meeting Date: 1/9/2024 / Packet Page #: 299
PROP 9 (1968) AND PROP 13 (1978)
29 Item #13. Page 32
Meeting Date: 1/9/2024 / Packet Page #: 300
PROP 9 (1968) AND PROP 13 (1978)Item #13. Page 33
Meeting Date: 1/9/2024 / Packet Page #: 301

CURRENT LIBRARY BUILDING
Structural Analysis
• Ongoing building-related issues
– Structural deficiencies & water intrusion
Item #13. Page 34
Meeting Date: 1/9/2024 / Packet Page #: 302

CURRENT LIBRARY BUILDING
• 2021: Preliminary structural assessment completed by
JMDiaz, Inc.
– Visible cracking in beam system noted
• 2023: Myers Houghton and Partners, Inc. (MHP) contracted to perform in-depth structural analysis
– Initial visioning activities
– Conceptual design for second story addition
Item #13. Page 35
Meeting Date: 1/9/2024 / Packet Page #: 303

CURRENT LIBRARY BUILDING
• MHP structural analysis – Findings
– Other than wall anchorage upgrades, seismic strengthening not warranted
– Minor-to-moderate cracking throughout the library’s main roof structure
– Plaza waterproofing membrane may be compromised
– Live load and soil bearing pressure concerns with some girders and pad footings
Item #13. Page 36
Meeting Date: 1/9/2024 / Packet Page #: 304

CURRENT LIBRARY BUILDING
• MHP structural analysis – Recommendations
– Significant retrofitting/repairs needed
– Bidwell Plaza
• passive use okay
• currently not being used for public assembly events of over 500 people with equipment
– Waterproofing consultant should be retained
Item #13. Page 37
Meeting Date: 1/9/2024 / Packet Page #: 305
NEXT 35 - 50 YEARS
Programmatic visioning
• Part of MHP's second phase:
– evaluation of the feasibility of vertical expansion of the building
– working with Library stakeholders to identify the intended use of the expanded space
Item #13. Page 38
Meeting Date: 1/9/2024 / Packet Page #: 306
NEXT 35 - 50 YEARS
Programmatic visioning
• architectural consultant
• seven workshops
• MHP, Library, Board of Library Trustees, GPL Friends
Foundation, City Manager's office, and Public Works
Department
Item #13. Page 39
Meeting Date: 1/9/2024 / Packet Page #: 307
NEXT 35 - 50 YEARS
Programmatic visioning
– Initial inputs
• Library's current strategic framework
• Projected population and per-capita square footage allocation – Expected 45,000 to 52,500 gross square feet
– Currently about 30,000 square feet
• Environmental scan
Item #13. Page 40
Meeting Date: 1/9/2024 / Packet Page #: 308
NEXT 35 - 50 YEARS
Programmatic visioning
– GPL proposed Library building spaces of the future
• Customer-Driven Workspaces
• Public Assembly Spaces
• Library-Mediated Public Workspace
• Fulfillment Center Services
• Small Private / Semi-Private Spaces
• Physical Content Showroom
Item #13. Page 41
Meeting Date: 1/9/2024 / Packet Page #: 309
NEXT 35 - 50 YEARS
Programmatic visioning
– GPL proposed Library building spaces of the future, continued • Leisure Spaces – Relaxation
• Library Services
• Additional Library Services and Capacity Including:

Preservation/Archival storage, Public Access Technologies, Food Service, Event Catering
• Flexible Future Space: Uncharted Possibilities
• Infrastructure
Item #13. Page 42
Meeting Date: 1/9/2024 / Packet Page #: 310
NEXT 35 - 50 YEARS
From:  Tour the
Revamped Stanley A. Milner
Library | Edify.
(edifyedmonton.com)
Item #13. Page 43
Meeting Date: 1/9/2024 / Packet Page #: 311
NEXT 35 - 50 YEARS
Edmonton Public
Library_Milner-branch, Alberta
From:  Pfeiffer, a Perkins
Eastman Studio.  City of
Glendora Library Structural
Analysis - Phase 2
Item #13. Page 44
Meeting Date: 1/9/2024 / Packet Page #: 312
NEXT 35 - 50 YEARS
From:  EPL and Innovate
Edmonton Announce
Partnership – Edmonton
Unlimited (Google image
search result)
Item #13. Page 45
Meeting Date: 1/9/2024 / Packet Page #: 313
NEXT 35 - 50 YEARS
From:  New chapter for
Edmonton Public Library -
REMI Network
Item #13. Page 46
Meeting Date: 1/9/2024 / Packet Page #: 314
NEXT 35 - 50 YEARS
From:  New chapter for
Edmonton Public Library -
REMI Network
Item #13. Page 47
Meeting Date: 1/9/2024 / Packet Page #: 315
NEXT 35 - 50 YEARS
From:  Tour the Revamped
Stanley A. Milner Library |
Edify. (edifyedmonton.com)
Item #13. Page 48
Meeting Date: 1/9/2024 / Packet Page #: 316
NEXT 35 - 50 YEARS
Programmatic visioning
– Roast of the current building
• no visibility of the activities happening inside
• entry process dark and non-intuitive
• several areas where the existing environment fails to meet current codes • electrical connectivity in the building is inadequate • temperature control and ventilation pose challenges
• water leaks have been a persistent issue since the library's opening • lighting systems  are outdated and require an upgrade • Library staff workplace is small, overcrowded, and lacks natural daylight • clear shortage of storage space
Item #13. Page 49
Meeting Date: 1/9/2024 / Packet Page #: 317
NEXT 35 - 50 YEARS
Programmatic visioning
• "The Deck" Concept
– second story over the existing Plaza deck
– 2-story addition on the Glendora Avenue side
– $20.6M
Item #13. Page 50
Meeting Date: 1/9/2024 / Packet Page #: 318
NEXT 35 - 50 YEARS Item #13. Page 51
Meeting Date: 1/9/2024 / Packet Page #: 319
49 Item #13. Page 52
Meeting Date: 1/9/2024 / Packet Page #: 320
NEXT 35 - 50 YEARS
Programmatic visioning
• "The Paseo" Concept
– Block A extends the library building towards Glendora Avenue – Block C is situated to the south and occupies a small portion of the existing library building and Police Station parking lot – The Paseo (Block B), is an architectural atrium-like space that captures abundant natural light during the day
– $23.0M*
Item #13. Page 53
Meeting Date: 1/9/2024 / Packet Page #: 321
NEXT 35 - 50 YEARS Item #13. Page 54
Meeting Date: 1/9/2024 / Packet Page #: 322
52 Item #13. Page 55
Meeting Date: 1/9/2024 / Packet Page #: 323
NEXT 35 - 50 YEARS
• Structural
• Infrastructure improvements
• Remodeling
• Modernization
Item #13. Page 56
Meeting Date: 1/9/2024 / Packet Page #: 324
NEXT 35 - 50 YEARS
Project Type
Estimated Total
Cost Range
Current facility MEP renovation $1.3M - $1.95M
Basic structural repairs of existing building
(gravity load repairs to strength beams and repair cracks) $2.9M - $4.35M Weatherproofing Bidwell Plaza (topping slab & membrane replacement) $900K - $1.35M Combined basic critical maintenance repairs w/no other significant improvements $5.1M – $7.65M Known critical maintenance items & 2nd story expansion, but minimal other modernization or upgrades of existing facility. $16.4M – $24.6M Known critical maintenance items & comprehensive modernization and upgrades of existing facility, but no expansion. $18.6M – $27.9M Known critical maintenance items, comprehensive modernization and upgrades of existing facility, & expansion of 2nd story. $29.9M – $44.9M New Building or Replacement/Reconstruction $35.8M - $71.6M+ Item #13. Page 57
Meeting Date: 1/9/2024 / Packet Page #: 325

POLITICAL & FISCAL ENVIRONMENT
Grant funding
• Building Forward Round Two
– "not selected for funding at this time"
– "wasn’t among the facilities with the highest poverty levels, as determined by the California Poverty Measure"
Item #13. Page 58
Meeting Date: 1/9/2024 / Packet Page #: 326

POLITICAL & FISCAL ENVIRONMENT
Glendora Unified School District – October 23, 2023
Item #13. Page 59
Meeting Date: 1/9/2024 / Packet Page #: 327

POLITICAL & FISCAL ENVIRONMENT
Funding options and watch-list items
• Citizen-initiated
• City-initiated
• Approval requirements
• Other considerations
Item #13. Page 60
Meeting Date: 1/9/2024 / Packet Page #: 328

POLITICAL & FISCAL ENVIRONMENT
• Citizen-initiated funding
– legal precedent for this:
• group of citizens proposing
• special property tax
• by initiative
– majority vote
– would take about a year (signature gathering period is six months) – Watch list:  Taxpayer Protection and Government Accountability Act (“Taxpayer Act”)
Item #13. Page 61
Meeting Date: 1/9/2024 / Packet Page #: 329

POLITICAL & FISCAL ENVIRONMENT
• City-initiated funding
– could be at a special or general election
– approval requirements follow
– watch list:  ACA 1 (Constitutional Amendment)
Item #13. Page 62
Meeting Date: 1/9/2024 / Packet Page #: 330

POLITICAL & FISCAL ENVIRONMENT
CaliforniaCityFinance.com  Source: Adapted from CALFACTS, Legislative Analyst’s Office Item #13. Page 63
Meeting Date: 1/9/2024 / Packet Page #: 331

POLITICAL & FISCAL ENVIRONMENT
CaliforniaCityFinance.com  Source: Adapted from CALFACTS, Legislative Analyst’s Office Item #13. Page 64
Meeting Date: 1/9/2024 / Packet Page #: 332

POLITICAL & FISCAL ENVIRONMENT
CaliforniaCityFinance.com  Source: Adapted from CALFACTS, Legislative Analyst’s Office Item #13. Page 65
Meeting Date: 1/9/2024 / Packet Page #: 333

POLITICAL & FISCAL ENVIRONMENT
• Other funding
– Joint Powers Authority (JPA) (e.g., with a school district) • unlikely that  a library would fit within the definition – Private/public partnership
• Burbank exploring, to supplement State grant funds
– Adding value
• Smaller naming-rights sponsorships/donations for building features Item #13. Page 66
Meeting Date: 1/9/2024 / Packet Page #: 334

POLITICAL & FISCAL ENVIRONMENT
Potential timelines
• Survey
– ~50 days
• Citizen-proposed
– Recommended if Nov. 2024 election:  Notice of Intention by Dec. 22, 2023
• City-proposed
– For Nov. 2024 election:  Last day for City Council to call election and transmit resolution is  Aug. 9, 2024
Item #13. Page 67
Meeting Date: 1/9/2024 / Packet Page #: 335

RECOMMENDATIONS
That the City Council: 1. Discuss and provide direction to staff as needed regarding:
a. Scope of Council’s recommended project(s) related to Library building;
b. Scope of Council’s recommended associated project(s) at other facilities specified by Council;
c. Production of any related architectural concept drawings as desired;
d. Position on funding options for recommended project(s); e. Public polling data as needed; AND,

2. In support of directed activities, specify any needed parameters authorizing:
a. City Manager, or his designee, to execute Professional Services Agreements; and,
b. Finance Director to appropriate necessary funds.

Item #13. Page 68
Meeting Date: 1/9/2024 / Packet Page #: 336

STAFF REPORT
TO: Mayor and Council Members DATE: January 9, 2024
FROM: Community Development DISTRICT(S): City-Wide
SUBJECT: First Reading and Introduction of an Ordinance adding section 13.18 of the Glendora Municipal Code Establishing the Slow Streets Program

RECOMMENDATION
That the City Council:

1. Introduce for first reading an Ordinance entitled, "AN ORDINANCE OF THE CITY COUNCIL ESTABLISHING THE SLOW STREETS PROGRAM."

STRATEGIC FOCUS AREAS
 Goal 4: Enhance and Modernize the Organization (EMO)
 Goal 5: Improve and Maintain the City’s Infrastructure and Facilities (IMCIF)

EXECUTIVE SUMMARY
A Slow Streets ordinance and policy are tools local governments can use to improve road safety through signage, demonstration projects, quick-build projects, and street closures. This ordinance and policy is intended to supplement the abilities of the Traffic Safety Advisory Committee and the City Council to respond to concerns like vehicular speeding and unsafe crosswalks.

This ordinance and policy allows the City to designate non-arterial streets as slow streets subject to certain criteria such as linking to the bicycle or walking network, near major destinations like schools, and after public outreach and stakeholder involvement.

LEGISLATIVE HISTORY / PREVIOUS ACTIONS
Assembly Bill 773 (Nazarian) from 2021 allows cities by resolution or ordinance to close or reduce speeds of streets with the goals of improving safety and supporting economic development. On January 10, 2023 the City Council adopted Resolution 2023-03 which declared the permanent closure of Meda Avenue within the Glendora Village. This allowed the City to construct the Meda Avenue and Bus Plaza improvements projects which provided economic, recreational, and social benefits to the Glendora Village.

DISCUSSION
Over the past five years, the City of Glendora has deployed a variety of slow streets programs and projects including five demonstration projects and parklets in the Glendora Village. The most prominent project is the Meda Avenue and Bus Plaza Improvements project which closed Meda Avenue on both sides of Glendora Avenue.

Given the success of the demonstration projects, parklets, and Meda Avenue Plazas and in conjunction with the People Movement Project, staff is recommending the adoption of a Slow Streets Ordinance which would codify the policy structure as opposed to individual slow streets resolutions.

In addition, the Traffic Safety Advisory Committee routinely fields requests for calming traffic on neighborhood streets. By policy and practice, the Committee is limited to the types of interventions it can approve without more expensive and formal studies. This ordinance and policy would allow the Item #14. Page 1
Meeting Date: 1/9/2024 / Packet Page #: 337
Staff Report Page 2 of 2
Committee to review and recommended additional measures in response to community concerns.

Ordinance Policy Structure
It is important to note, only non-arterial streets can receive a slow streets designation. For example, Route 66, Grand Avenue, and parts of Lone Hill Avenue would be ineligible for slow streets designation. Arterial streets are meant to move vehicles, transit, and trucks through the region. By contrast, neighborhood streets and collectors are eligible. This recognizes that most bicycle and pedestrian activity occurs in these areas and that speeding has negative impacts on quality of life and safety.

Under this ordinance and policy, the City Manager would have the authority to designate such streets as slow streets which can include signage and striping to delineate crossings and slow vehicular speeds.

Such interventions may include educational signage as well as more formal Manual on Uniform Traffic Control Devices (MUTCD) signage as required at crosswalks.

In addition, the ordinance and policy would permit a higher level of safety countermeasures including repurposing curb lanes and parking stalls for outdoor dining and parklets, reducing speed limits, and restricting vehicular access to residents of a particular street.

Any physical changes such as demonstration projects, quick-build projects, and street closures are also permitted. However, these physical changes would need City Council approval before implementation.

The intent of this requirement is to strategically identify areas which may benefit from a higher level of intervention and ensure community consensus.

Streets designated as a slow street requires notification and outreach to neighbors, residents, and other stakeholders along the street before any changes are made. This is similar to the process for establishing preferred parking districts, which requires neighborhood approval. The City is also required to publish the information on the City’s website and include the designated streets, program structure, and how to participate or ask any questions.

The City Manager is required to provide an annual update on the program to the City Council including evaluation of the treatments. This process would also inform future grant opportunities such as the SGVCOG Slow Streets grant. The report would also document any negative impacts to surrounding streets or neighborhoods if any.

FISCAL IMPACT
There is no fiscal impact associated with the ordinance adoption. Should the City Council approve, staff will develop a formal policy for residents and stakeholders to make requests as well as develop cost estimates for implementation. The adoption of this ordinance would potentially attract grants from regional and state agencies to fund the program. Any budget requests will occur during the budget development process or as needed for urgent requests.

ENVIRONMENTAL DETERMINATION
Not applicable.

Prepared By Steven Mateer, Transportation Manager
Concurs With Eddie Kouyoumdjian, Community Services Commission Reviewed By Jeff Kugel, Community Development Director
Certified to Availability of Funds Kyle Johnson, Finance Director/City Treasurer Approved By Adam Raymond, City Manager
Legal Review Danny Aleshire, City Attorney
CEQA Review Not Applicable
ATTACHMENTS:

A. Ordinance
B. Staff Presentation
Item #14. Page 2
Meeting Date: 1/9/2024 / Packet Page #: 338
ORDINANCE NO. _______

AN ORDINANCE ESTABLISHING THE SLOW STREETS PROGRAM

THE CITY COUNCIL
City of Glendora, California
WHEREAS, the California Vehicle Code Section 21101 authorizes local authorities by ordinance or resolution to implement a slow streets program.

WHEREAS, a “slow streets program” may include traffic calming interventions and closures to vehicular traffic or through vehicular traffic of neighborhood local streets with connections to citywide bicycle networks; destinations, such as a business district, that are within walking distance; or green space, as defined in state law.

WHEREAS, slow streets programs have been implemented across the State of California, including in the cities of Beverly Hills, Culver City, Los Angeles, Oakland, Sacramento and San Francisco.

WHEREAS, the City of Glendora (“City”) is committed to the creation and establishment of the People Movement Project, which is intended to include over ten miles of active transportation infrastructure to create a viable active transportation network that provides efficient and safe transportation options for families, commuters, and people of all abilities to access recreation, services, and other major destinations within the Glendora community.

WHEREAS, the City supports walking, cycling, and other active transportation through programs such as the Meda Avenue and Bus Plaza Improvements in Glendora Village , the First/Last Mile Corridor Concepts to support connections to the Los Angeles Metropolitan Transportation Authority’s Metro Gold Line extension to Glendora, and outdoor dining with parklets.

WHEREAS, the City seeks to offer children, families, and constituents the opportunity to play, exercise, and socialize through safer and more accessible streets that promote healthy neighborhood recreation.

WHEREAS, the City seeks to create a connected, citywide active transportation network; ensure the safety and protection of persons who use public streets; encourage people to choose sustainable ways to travel for their daily trips; and support a growing, connected network of streets that are safe and welcoming places to walk, bike, and use other methods of person-propelled transportation for people of all ages and abilities.

WHEREAS, the City is committed to providing spaces for physical activity within the Glendora community without impeding essential street functions including access for local traffic, deliveries, and emergency vehicles.

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

SECTION 1. A new Section 13.18 of the Glendora Municipal Code (“GMC”) is hereby added to Title 13 of the GMC, which shall be amended to read as follows:

Item #14. Page 3
Meeting Date: 1/9/2024 / Packet Page #: 339
Ordinance No. _____ Page 2 of 4
Chapter 13.18 Slow Streets Program
Pursuant to Vehicle Code Section 21101(f), the City of Glendora hereby establishes the Slow Streets Program.

Chapter 13.18.010 Definition - A “Slow Street” shall be defined as a non-arterial roadway as defined in the General Plan with connections to (i) citywide bicycle networks, (ii) destinations that are within walking distance, (iii) or green space; in accordance with state law.

Chapter 13.18.020 Authority - The City Manager, , shall have authority to designate a street, or street segment, as “Slow Street” for closure to vehicular traffic or to limit access and speed on a street using roadway design features, including, but not limited to, islands, curbs, or traffic barriers, as outlined in Section 13.18.030.

Chapter 13.18.030 Slow Street Interventions - Upon designation of a Slow Street, the City Manager, shall be permitted to:
a. Fully close a street to vehicular traffic;
b. Repurpose curb lanes to public space in accordance with permit rules established for outdoor dining, street vending, sidewalk vending, and other public uses as prescribed in Chapter 10 of the Municipal Code;
c. Restrict vehicular traffic through regulatory changes, such as:
i. Permitting only local traffic and restricting through traffic, ii. Instituting advisory speed limits,
iii. Requiring vehicles to yield to pedestrians, bicyclists, and users of small automated devices, such as electric bicycles, scooters, mobility assistance devices, and neighborhood electric vehicles;
d. Install temporary roadway treatments, such as signage; parabolic vertical traffic calming devices, such as speed bumps and speed humps; and other traffic control devices, to evaluate roadway user behavior and active transportation user safety and comfort, prior to installing permanent roadway engineering changes; i. The implementation period of each temporary treatment shall be determined by the City Manager or their designee, depending on the scope and impact of the roadway change, subject to approval by the City Council.

Chapter 13.18.040 Required Outreach - To designate a Slow Street, the City Manager, or their designee, shall, in accordance with state law:
a. Conduct an outreach and engagement process that includes notification to residents and owners of property abutting any street being considered for inclusion in the slow streets program;
b. Determine that the closure or traffic restriction leaves a sufficient portion of the streets in the surrounding area for other public uses, including vehicular, pedestrian, and bicycle traffic;
c. Provide advance notice of the closure or traffic restriction to residents and owners of property abutting the street;
Item #14. Page 4
Meeting Date: 1/9/2024 / Packet Page #: 340
Ordinance No. _____ Page 3 of 4
d. Clearly designate the street closure or traffic restriction with signage in compliance with the California Manual on Uniform Traffic Control Devices; e. Determine that the closure or traffic restriction is necessary for the safety and protection of persons who are to use that portion of the street during the closure or traffic restriction;
f. Maintain a publicly available internet website with information about the Slow Streets program, a list of streets that are included in the program or are being evaluated for inclusion in the program, and instructions for participating in the public engagement process; and
g. Prohibit entry to, or exit from, or both, from any street by means of islands, curbs, traffic barriers, or other roadway design features to implement the Circulation Element of the City’s General Plan.

Chapter 13.18.060 Required Reporting - The City Manager, or their designee, shall provide an annual report to the City Council on the status of the Slow Streets program, including evaluation of changes to pedestrian, bicyclist, and vehicular traffic on designated Slow Streets and abutting streets.

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 (Govt. Code § 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: __________________________________
MENDELL L. THOMPSON
Mayor
Item #14. Page 5
Meeting Date: 1/9/2024 / Packet Page #: 341
Ordinance No. _____ Page 4 of 4
APPROVED AS TO FORM:

Aleshire & Wynder, LLP

DANNY ALESHIRE
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 ______________, 2024.

Thereafter, said Ordinance was duly approved and adopted at a regular meeting of the City Council on the _____ day of ______, 20__, 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 __________ (and ____________(if summary).

Dated:

KATHLEEN R. SESSMAN
City Clerk/Communications Director
Item #14. Page 6
Meeting Date: 1/9/2024 / Packet Page #: 342
Transportation Division Update
Community Development Department
City Council
January 9, 2024
Steven Mateer, Transportation Manager CityOfGlendora.org Item #14. Page 7
Meeting Date: 1/9/2024 / Packet Page #: 343

OVERVIEW
• Slow Streets
• Recent Examples
• Slow Streets Ordinance
• Next Steps
Item #14. Page 8
Meeting Date: 1/9/2024 / Packet Page #: 344

SLOW STREETS
• Improving safety
• Reduce speed
• Quality of life
• Physical activity
Item #14. Page 9
Meeting Date: 1/9/2024 / Packet Page #: 345

SLOW STREETS
• Education
• Infrastructure
• Stakeholder collaboration
• Supports long-term
transportation policies
Item #14. Page 10
Meeting Date: 1/9/2024 / Packet Page #: 346

RECENT EXAMPLES
• Roll to the Stroll 2019
• Glendora Ave First/Last Mile
Demo
• Washington Elementary
• Village Crosswalks
• Meda Avenue
Item #14. Page 11
Meeting Date: 1/9/2024 / Packet Page #: 347

SLOW STREETS ORDINANCE
• New tool for road safety
• Allows interventions
• Focus on non-arterial streets
• Possible interventions
• Signage
• Demo/quick-build
• Road closures
Item #14. Page 12
Meeting Date: 1/9/2024 / Packet Page #: 348

SLOW STREETS ORDINANCE
• Policy Requirements
• Outreach process
• Evaluate network capacity
• Clearly designate areas/routes
• Determine necessity of treatments
• Provide information on website
• Provide annual report to Council
Item #14. Page 13
Meeting Date: 1/9/2024 / Packet Page #: 349

NEXT STEPS
• Creation of Slow Streets Policy
• Intake/request form
• Update website
• Present final ordinance and
program to Council
Item #14. Page 14
Meeting Date: 1/9/2024 / Packet Page #: 350

RECOMMENDATIONS

1. Introduce for first reading an Ordinance entitled, “AN ORDINANCE OF THE CITY COUNCIL ESTABLISHING THE SLOW STREETS PROGRAM.”
That the City Council:

Item #14. Page 15
Meeting Date: 1/9/2024 / Packet Page #: 351