Glendora City Council
December 10, 2024

Packet Updated 12/8/2024
Agenda Item #12 Attachments Replaced

CITY OF GLENDORA

CITY COUNCIL, SUCCESSOR AGENCY, AND HOUSING AUTHORITY
AGENDA
TUESDAY, DECEMBER 10, 2024
CITY HALL COUNCIL CHAMBER, 116 E. FOOTHILL BOULEVARD
As a courtesy to others attending this meeting, please turn off or place in silent mode all cell phones and other communication devices while in the Council Chamber. Thank you.

MAYOR/CHAIR
Mendell Thompson, District 5

MAYOR PRO TEM/VICE-CHAIR
David Fredendall, District 2

COUNCIL/COMMISSIONERS
Michael Allawos, District 1
Karen Davis, District 4
Shaunna Elias, District 3

MEETING SCHEDULE
The regular meetings of the city council shall be held on the second and fourth Tuesday of each month, closed session business will commence as early as 5:00 p.m., when scheduled, and general business session will commence at 7:00 p.m.

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

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

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

LIVE BROADCASTING AND REBROADCASTING
Regular meetings are broadcast LIVE on the City Website at www.cityofglendora.gov, Meetings also broadcast on Channel 3 (Spectrum) & Channel 32 (Frontier) and are replayed Wednesday - Sunday the week following the meeting. Meetings are also available any time for replay through the City's webpage at cityofglendora.gov/citymeetings.

Meetings can also be viewed via the City YouTube channel at YouTube.com/cityofglendoraca.

Meeting Date: 12/10/2024 / Packet Page #: 1

CITY OF GLENDORA

CITY COUNCIL, SUCCESSOR AGENCY, AND HOUSING AUTHORITY
AGENDA
TUESDAY, DECEMBER 10, 2024
CITY HALL COUNCIL CHAMBER, 116 E. FOOTHILL BOULEVARD
7:00 PM GENERAL BUSINESS SESSION

CALL TO ORDER

ROLL CALL

PLEDGE OF ALLEGIANCE AND INVOCATION

REORDERING OF AND ADDITIONS TO THE AGENDA

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

Any person may request to address a legislative body during a public meeting. Speakers are limited to three (3) minutes, speaking once, on both on- and off- agenda items, unless, upon motion, such time is extended by the legislative body. Such statements shall only be allowed during the Public Comment portion of the agenda. If there are any public hearings scheduled, individuals will be given an additional opportunity to comment under said items.

Speakers are not permitted to yield their time to another speaker. Public comment is limited to 30 minutes at each meeting, with the ability to extend if the legislative body so chooses by majority vote.

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

1. Public Comments received

MEMBER STATEMENTS/REPORTS

CITY MANAGER AND CITY ATTORNEY STATEMENTS

SPECIAL ITEMS

2. Glendora Hospital

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

3. Affirm the October 22, 2024 Meeting Minutes
CITY/AGENCY/AUTHORITY RECOMMENDATION: 1. Affirm Minutes as presented.

4. City of Glendora and Glendora Successor Agency Investment Report for October 2024 CITY/AGENCY RECOMMENDATION: 1. Receive and file the Monthly Investment Activity Report for October 2024.

Meeting Date: 12/10/2024 / Packet Page #: 2

5. Notice of Completion for Route 66 Sidewalk and Curb Ramp Rehabilitation Project, Plan No. 1377, and Lone Hill Ave Sidewalk and Curb Ramp Rehabilitation Project, Plan No. 1381 CITY RECOMMENDATION: 1. Accept the completion of Route 66 Sidewalk and Curb Ramp Rehabilitation Project, Plan No. 1377 and Lone Hill Ave Sidewalk and Curb Ramp Rehabilitation Project, Plan No. 1381 by CJ Concrete Construction, Inc.; 2. Approve the final contract amount of $372,884; 3. Authorize the Mayor to sign and file the Notice of Completion with the County of Los Angeles Registrar-Recorder; 4. Authorize the Public Works Director to release the project retention in the amount of $18,644.20 to CJ Concrete Construction, Inc. 35 days following recordation of the Notice of Completion; 5. Authorize the release of the Labor and Materials bond in the amount of $373,750, six months after recordation of the Notice of Completion, if no claims have been received; and 6. Authorize the release of the Faithful Performance bond one-year after recordation of the Notice of Completion if the improvements remain free from defects in materials and workmanship.

6. Notice of Completion for CDBG Funded Curb Ramp Project FY 23-24, Plan No. 1382 CITY RECOMMENDATION: 1. Approve the Plans and Specifications for CDBG Funded Curb Ramp Project FY 23-24, Plan No. 1382; 2. Accept the completion of CDBG Funded Curb Ramp Project FY 23-24, Plan No. 1382 by Kalban, Inc.; 3. Approve the final contract amount of $223,380; 4. Authorize the Mayor to sign and file the Notice of Completion with the County of Los Angeles Registrar-Recorder; 5. Authorize the Public Works Director to release the project retention in the amount of $11,169.00 to Kalban, Inc. 35 days after the recordation of the Notice of Completion; 6. Authorize the release of the Labor and Materials Bond in the amount of $244,680.00, six months after the recordation of the Notice of Completion, if no claims have been received; and 7. Authorize the release of the Faithful Performance Bond one (1) year following recordation of Notice of Completion if the improvements remain free from defects in materials and workmanship.

7. Approve a Proposition A discretionary incentive grant program Memorandum of Understanding (MOU) for collecting and reporting data for the National Transit Database for Report Year 2022
CITY RECOMMENDATION: 1. Authorize the City Manager to execute the Proposition A Discretionary Incentive Grant Program Memorandum of Understanding for Collecting and Reporting Data for the National Transit Database for Report Year 2022; and 2. Approve the necessary budget adjustments to increase estimated revenues and appropriate funds to Fund 231 – Proposition A Account 23160430.35204 in the amount of $11,485 for additional NTD funding.

8. Approve a Use Agreement between the City of Glendora and the Los Angeles County Flood Control District (LACFCD) required for the San Dimas Wash Trail Project CITY RECOMMENDATION: 1. Approve the Use Agreement between the City of Glendora and the Los Angeles County Flood Control District (LACFCD) for the continued use of Phase 1 and the construction and operation of Phases 2 and 3 of the San Dimas Wash Trail Project; and 2. Authorize the City Manager to sign the Use Agreement.

Meeting Date: 12/10/2024 / Packet Page #: 3

9. Adopt a Resolution Authorizing the California Department of Tax and Fee Administration (CDTFA) to Administrate and Implement Measure Z, a Local Transaction and Use Tax (TUT); and Approve Other Related Agreements Between the City and CDTFA CITY RECOMMENDATION: 1. Adopt a City Council Resolution entitled, “A Resolution of the City Council of the City of Glendora Authorizing the City Manager to Execute Agreements with the California Department of Tax and Fee Administration for Implementation of a Local Transaction and Use Tax; and 2. Authorize the City Manager to enter into an Agreement for Preparation to Administer and Operate the City’s Transactions and Use Tax Ordinance and an Agreement for State Administration Agreement of City Transactions and Use Taxes with the California Department of Tax and Fee Administration.

NEW BUSINESS

10. An ordinance amending the Glendora Municipal Code (Chapter 10.76) pertaining to the regulation of sidewalk vendors
CITY RECOMMENDATION: 1. Waive full reading, read by title only, and introduce for first reading an ordinance entitled, “AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF GLENDORA, CALIFORNIA, AMENDING TITLE 10 (VEHICLES AND TRAFFIC) OF THE GLENDORA MUNICIPAL CODE CHAPTERS 10.76 (STREET VENDING) AND

10.77 (SIDEWALK VENDING) TO UPDATE THE CITY OF GLENDORA’S REGULATORY PROGRAM APPLICABLE TO STREET AND SIDEWALK VENDORS; and 2. Direct the preparation of a summary ordinance for publication pursuant to Govt. Code 36933 and Resolution CC 2018-40.

11. Approve the Purchase of New Handguns and Associated Equipment for the Police Department CITY RECOMMENDATION: 1. That the City Council approve the purchase of new handguns and associated equipment for the police department.

12. Authorize the Purchase of Sixty Motorola Portable APX N50, Two Motorola Portable APX 8000, Seventeen APX 6500OS Mobile, and Sixteen APX 6500E5 Mobile Radios from Motorola Solutions in the Amount of $598,459.14, Including Taxes and Fees CITY RECOMMENDATION: 1. Authorize the purchase of sixty (60) Motorola portable APX N50, two (2) Motorola portable APX 8000, seventeen (17) APX 6500OS mobile, and sixteen (16) APX 6500E5 mobile, P25 compliant radios from Motorola Solutions in the amount of $598,459.14, including taxes and fees.

13. Glendora City Council Reorganization

MEMBER/STAFF CLOSING COMMENTS

ADJOURNMENT
Meeting Date: 12/10/2024 / Packet Page #: 4
I hereby certify under penalty of perjury under the laws of the State of California that the foregoing agenda was posted on the Glendora City Hall bulletin board at 116 E. Foothill Boulevard and on the City of Glendora website at www.cityofglendora.gov not less than 72 hours prior to the meeting in accordance with Government Code Section 54954.2.

Original Dated: December 5, 2024
Revised: December 8, 2024 Kathleen R. Sessman, MMC
City Clerk/Communications Director
Meeting Date: 12/10/2024 / Packet Page #: 5

CALL TO ORDER
The City Council, Successor Agency and Housing Authority meeting was called to order at 7:02 PM.

ROLL CALL
Members Present: Michael Allawos, Gary Boyer, Karen Davis, Mayor Pro Tem/Vice-Chair David Fredendall, and Mayor/Chair Mendell L. Thompson
Members Absent: None
Staff Present: City Manager/Executive Director Adam Raymond, City/Agency Attorney Danny Aleshire, Assistant City Manager Moises Lopez, Deputy City Manager Marie Ricci, Police Chief Michael Randazzo, Public Works Director William Wittkopf, Finance Director/City Treasurer Kyle Johnson, Community Development Director Jeff Kugel, Recreation and Human Services Director John Aguirre, Digital Media Specialist Craig Gill, Senior Digital Media Specialist Greg Morton, and Deputy City Clerk/Records Manager Roxanne Breceda

PLEDGE OF ALLEGIANCE AND INVOCATION
The Invocation was given by Lead Pastor Jim Miller of Real Life Church.

The Pledge of Allegiance was led by Finance Director/City Treasurer Kyle Johnson.

HIGH SCHOOL STUDENT REPORTS
Student reports were presented by Charter Oak High School Representative Mitchell Gibbens; St.

Lucy’s Priory High School Student Representative Alexa Strait; and Whitcomb High School Student Representative Amy Vargas.

REORDERING OF AND ADDITIONS TO THE AGENDA
There were no requests received.

PUBLIC COMMENT

1. Public Comments received
Comments were received from: Bob Moore, Joe Cina, Jon Sharp, and Erica Landmann.

MEMBER STATEMENTS/REPORTS
Mayor / Chair Thompson reported on Moka’s 70th Anniversary Delegation trip.

City of Glendora Minutes
Regular Meeting
Tuesday, October 22, 2024
City Hall Council Chamber
116 E. Foothill Boulevard
Virtually via Zoom ID 9329247224
The City Council also serves as members of the Board of Directors of the Successor Agency of the former Community Redevelopment Agency, Housing Authority and Public Financing Authority, which are concurrently convening this evening.

Item #3. Page 1
Meeting Date: 12/10/2024 / Packet Page #: 6
Minutes Tuesday, October 22, 2024 Page 2 of 4
Regular Meeting City Council, Successor Agency, and Housing Authority Council Member / Commissioner Davis reported on Moka’s 70th Anniversary Delegation trip; Breast Cancer Awareness and Red Ribbon Week.

Mayor Pro Tem / Vice-Chair Fredendall thanked staff for their coordination on the Moka’s 70th Anniversary Delegation trip; reported on the League of California Cities annual conference; and expressed gratitude to Vicky Paul Field Deputy for Los Angeles County Supervisor Kathryn Barger’s office for assistance in navigating resources to improve the quality of life on the Arrow Highway corridor.

Council Member / Commissioner Boyer commented on the Homecoming Parade; Halloween Carnival; Halloween Walk in the Village and Trail’s Day location changed to South Hills Park.

Council Member / Commissioner Allawos requested a report on permanent and transitional supportive housing relating to the Dale Property and announced that Dale property will be agendized for discussion at a November meeting; and reported on League of California Cities annual conference.

Mayor / Chair Thompson reminded residents to vote; and thanked Recreation and Human Services Director John Aguire and staff for the Pumpkin Fest event.

CITY MANAGER AND CITY ATTORNEY STATEMENTS
City Attorney Aleshire thanked the City Council for recognition.

SPECIAL ITEMS

2. Presentation of a Proclamation designating October 20-26, 2024 National Friends of Libraries Week
The City Council presented a Proclamation to Glendora Public Library Friends Foundation Executive Director Maggie Lara, who accepted on behalf of the Friends Foundation.

3. Presentation of a Proclamation designating October 23-31, 2024 as Red Ribbon Week The City Council presented a Proclamation to Police Chief Randazzo, who accepted on behalf of the Glendora Police Department.

4. Presentation of the 3CMA Savvy Award
Senior Marketing and Communications Manager Baylee Akins and Senior Multimedia Designer Molly Schellengerto presented the 3CMA Savvy Award to the Senior Digital Media Specialist Morton.

5. Glendora Police Department Quarterly Update
An update was given.

6. 2023-2025 Strategic Plan Update for October 2024
An update was given.

Item #3. Page 2
Meeting Date: 12/10/2024 / Packet Page #: 7
Minutes Tuesday, October 22, 2024 Page 3 of 4
Regular Meeting City Council, Successor Agency, and Housing Authority

CONSENT CALENDAR
A motion was made by Council Member/Commissioner Allawos, seconded by Council Member/Commissioner Davis to approve Consent Calendar Items as presented, affirming the actions appropriate to each item. An oral roll call vote was conducted, and the motion carried 5 - 0 as follows:

AYES Allawos, Boyer, Davis, Fredendall, Thompson; NOES None; ABSENT None; ABSTAIN None.

7. Affirm the September 24, 2024 Meeting minutes
The City Council, Successor Agency, and Housing Authority 1. Affirmed the minutes as presented.

8. Review and Affirm Disbursements for September 2024 in the amount of $6,371,252.03 The City Council 1. Reviewed and affirmed disbursements for September 2024 in the amount of $6,371,252.03.

9. City of Glendora and Glendora Successor Agency Investment Report for September 2024 The City Council and Successor Agency 1. Received and filed the Monthly Investment Activity Report for September 2024.

10. Second Reading and Adoption of Ordinance No. 2090 amending certain Sections of Title 21 (Zoning) of the Glendora Municipal Code to Implement Various Housing Production Actions from the 6th RHNA Cycle (2021-2029) General Plan Housing Element (File# PLN24-0015) The City Council 1. Adopted on second reading Ordinance No. 2090 entitled, “AN

ORDINANCE OF THE CITY COUNCIL OF THE CITY OF GLENDORA, CALIFORNIA AMENDING CERTAIN SECTIONS OF TITLE 21 (ZONING) OF THE GLENDORA

MUNICIPAL CODE TO IMPLEMENT HOUSING PRODUCTION ACTIONS FROM THE 6TH RHNA CYCLE (2021-2029) GENERAL PLAN HOUSING ELEMENT.”

11. Second Reading and Adoption of Ordinance No. 2091 adopting a Zone Change from Route 66 Service Commercial (RT66-RSC) to Central Route 66 Residential (RT66-CRR) on property located at 723-731 East Route 66 (File No. PLN23-027)
The City Council 1. Adopted on second reading Ordinance No. 2091 entitled, “AN

ORDINANCE OF THE CITY COUNCIL OF THE CITY OF GLENDORA, CALIFORNIA, APPROVING A ZONE CHANGE FROM ROUTE 66 SERVICE COMMERCIAL (RT66-RSC) TO CENTRAL ROUTE 66 RESIDENTIAL (RT66-CRR) ON THE PROPERTY LOCATED AT 723-731 EAST ROUTE 66 (FILE NO. PLN23-0027).

UNFINISHED BUSINESS

12. Reappointment of Trustee Jackie Doornik to serve as the City of Glendora Board of Trustees representative for the San Gabriel Valley Mosquito and Vector Control District Following discussion, a motion was made by Council Member Allawos, seconded by Council Member Boyer, that the City Council 1. Approve to reappoint Trustee Jackie Doornik as the City of Glendora’s representative to serve on the Board of Trustees for the San Gabriel Valley Mosquito and Vector Control District for a four-year term. An oral roll call vote was conducted, Item #3. Page 3
Meeting Date: 12/10/2024 / Packet Page #: 8
Minutes Tuesday, October 22, 2024 Page 4 of 4
Regular Meeting City Council, Successor Agency, and Housing Authority and the motion carried 5 - 0 as follows: AYES: Allawos, Boyer, Davis, Fredendall, Thompson; NOES: None; ABSENT: None; ABSTAIN: None.

13. FY 2023/24 and FY 2024/25 Capital Improvement Program Update Following discussion, a motion was made by Council Member Allawos, seconded by Mayor Pro Tem Fredendall, that the City Council 1. Receive and file the FY 2023/24 and FY 2024/25 Capital Improvement Program Update. An oral roll call vote was conducted, and the motion carried 5 - 0 as follows: AYES: Allawos, Boyer, Davis, Fredendall, Thompson; NOES: None; ABSENT: None; ABSTAIN: None.

14. Approve the Amendment to the Three-Year Contract with Tyler Technologies in the amount of $69,880 for Enterprise Resource Planning System Enhancements Under separate cover, a newly revised Attachment B dated October 21, 2024, entitled “Presentation” was posted to replace the original item in the packet.

Following discussion, a motion was made by Council Member Allawos, seconded by Council Member Boyer, that the City Council 1. Approve the amendment to the three-year contract with Tyler Technologies in the amount of $69,880; and 2. Authorize the City Manager or his designee to execute the agreement and other related documents including minimal and/or non-substantive changes. An oral roll call vote was conducted, and the motion carried 5 - 0 as follows: AYES:

Allawos, Boyer, Davis, Fredendall, Thompson; NOES: None; ABSENT: None; ABSTAIN:

None.

MEMBER/STAFF CLOSING COMMENTS
Council Member / Commissioner Allawos wished everyone a Happy Halloween.

Mayor / Chair Thompson reminded everyone to vote and commented on the upcoming Veteran’s Day event.

ADJOURNMENT
Meeting was adjourned at 9:23 PM.

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

Item #3. Page 4
Meeting Date: 12/10/2024 / Packet Page #: 9

STAFF REPORT
TO: Mayor and Council Members DATE: December 10, 2024
FROM: Finance DISTRICT(S): Citywide
SUBJECT: City of Glendora and Glendora Successor Agency Investment Report for October 2024

RECOMMENDATION
That the City/Agency Council:

1. Receive and file the Monthly Investment Activity Report for October 2024.

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

EXECUTIVE SUMMARY
The City’s book value of cash and investments for October 2024 totaled $119,269,230. This is a decrease of $1,150,671 (0.97%) compared to the previous month. The decrease is generally due to the purchase of a new vacuum excavator totaling $735,000 and a payment to Glendora Unified School District for pool improvements totaling $600,000.

LEGISLATIVE HISTORY / PREVIOUS ACTIONS
Pursuant to Section 19 of the City’s FY 2024-25 Investment Policy, a monthly investment report must be provided to the City Council to provide a clear picture of the status of the current portfolio.

DISCUSSION
As prescribed in the Investment Policy for FY 2025, the attached investment report provides a listing of individual securities held at the end of the reporting period by authorized investment category, the average life and final maturity of all investments listed, coupon rate, discount or earnings rate, Par Value, Market Value and Book Value of each investment in the portfolio, including funds managed for the City by third parties.

In the month of October, there were four investment purchases (consisting of Federal Agencies, MediumTerm Corporate Notes, and Certificates of Deposit) totaling $3,219,000; there were five securities that matured for $4,639,000, resulting in neither a gain nor a loss.

The Medium-Term Corporate Notes includes the purchase of an international corporate note for Total Capital SA B/E which is not in compliance with the City’s investment policy. This has been addressed with UBS the City’s custodian and investment broker/dealer. UBS is taking ownership of this instance of non-compliance as it was included on the list of potential investments for the City’s consideration which only listed it as Corporate. This instance of non-compliance was identified by the City’s internal controls during Finance’s review of the monthly investment report and the trade will be canceled at no cost to the City, this action will be reflected on the November investment report.

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

Item #4. Page 1
Meeting Date: 12/10/2024 / Packet Page #: 10

ENVIRONMENTAL DETERMINATION
Not Applicable
Prepared By Kylie Petrovick
Concurs With Not Applicable
Reviewed By Kyle Johnson, Finance Director/City Treasurer Certified to Availability of Funds Kyle Johnson, Finance Director/City Treasurer Approved By Adam Raymond, City Manager
Legal Review Not Applicable
CEQA Review Not Applicable
ATTACHMENTS:

A. October 2024 Investment Report
B. Memo to Council Members
Item #4. Page 2
Meeting Date: 12/10/2024 / Packet Page #: 11

CITY OF GLENDORA

INVESTMENT REPORT SUMMARY
October 31, 2024
Pursuant to California Government Code Section 53600 et seq. and Section 16 of the City of Glendora's Investment Policy, a monthly investment report must be provided to the City Council providing a clear picture of the status of the current investment portfolio. Included in the report are several specific items relating to portfolio holdings including, but not limited to, investment type, par value, market value, book value, coupon rate and yield to maturity.

The report is in conformity with the City's Investment Policy and California Government Code 53601. Per the policy, the report reflects pooled cash from all city funds. It does not reflect any restrictions associated with how each individual fund can be utilized. This information is provided through other financial reports that include the budget, Annual Comprehensive Financial Report and other financial reports available through the website.

The objective of the City investments is to provide safety of principal and liquidity, while then providing a return on investments. (Section 4 of the policy). All brokered transactions are held by a third-party custodian designated by the Treasurer. (Section 14 of the policy). There is currently one custodial account, which is UBS.

Below is a comparison of the average monthly yield and interest received from prior years for the same month, along with a visual graph:
$250,000
$200,000
$150,000
$100,000
$50,000
$0
FY 2023 FY 2024 FY2025
-interest -Average Monthly Yield

2.00%

1.80%

1.60%

1.40%

1.20%

1.00%

0.80%

0.60%

0.40%

0.20o/o

0.00%
I hereby certify that the investments are in compliance with the investment policy adopted by the City Council. The investment portfolio provides sufficient funds to meet the budgeted expenditures over the next six months.

Approved By:

Kyle Johnson, Finance Director
Item #4. Page 3
Meeting Date: 12/10/2024 / Packet Page #: 12
Financial Advisor

CHEN/GIORDANO/CRAWFORD
213-972-1457
UBS Client Review
As of October 31, 2024
251 South Lake Avenue10th FloorPasadena, CA 911013003Branch office Report Prepared for: City of Glendora* excluded from performance exhibits Type
AccountName
AccountNumberSX XX180 City of Glendora Business Service Account@SX XXX283* CITY OF GL Non UBS Investment Bank of America@SX XXX279* CITY OF GL Non UBS Investment LAIF What's insideAsset Allocation Review. . . . . . . . . . . . . . . . . . . . . . 2Sources of Portfolio Value. . . . . . . . . . . . . . . . . . . . 3Bond Summary. . . . . . . . . . . . . . . . . . . . . . . . . . . . 4Portfolio Holdings. . . . . . . . . . . . . . . . . . . . . . . . . . 5Bond Holdings. . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19Important Information About This Report. . . . . . . . 33

Item #4. Page 4
Meeting Date: 12/10/2024 / Packet Page #: 13
Consolidated report prepared for City of Glendora
Asset Allocation Reviewas of October 31, 2024
Summary of Asset Allocation
Market
value ($)
% of
Portfolio
Cash 13,650,079.71 12.67
Cash 13,650,079.71 12.67 US 13,650,079.71 12.67
Fixed Income 94,120,011.11 87.33
US 93,141,793.89 86.43 US Fixed Income 15,659,771.91 14.53 Government 49,215,422.49 45.67 Corporate IG Credit 28,266,599.49 26.23 International 978,217.22 0.91 Developed Markets 978,217.22 0.91 Equity 0.00 0.00Commodities 0.00 0.00Non-Traditional 0.00 0.00Other 0.00 0.00Total Portfolio $107,770,090.82 100%Balanced mutual funds and Insurance & Annuity products are allocated in the 'Other' category Cash 12.67%US Fixed Income 86.43%International Fixed Income 0.91% Total Value: $107,770,090.82 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: November 01, 2024 Page 2 of 38 Item #4. Page 5
Meeting Date: 12/10/2024 / Packet Page #: 14
Consolidated report prepared for City of Glendora
Sources of Portfolio Valueas of October 31, 2024
Market Value Net amount you invested (net of fees)
02/22 12/22 12/23 10/24
5075
100125150
$ Millions
MTD
09/30/2024 to
10/31/2024
QTD
09/30/2024 to
10/31/2024
ITD
02/23/2022 to
10/31/2024
YTD
12/31/2023 to
10/31/2024
Opening value 106,224,673.64 106,224,673.64 105,216,329.40 40,589,214.16 Net deposits/withdrawals -2,164,502.24 -2,164,502.24 -5,582,166.77 58,731,523.74Div./interest income 165,330.65 165,330.65 1,985,724.45 4,907,014.56Change in accr. interest 11,905.31 11,905.31 -143,978.46 293,539.85Change in value -184,612.76 -184,612.76 2,576,885.98 -468,497.72Closing value 104,052,794.60 104,052,794.60 104,052,794.60 104,052,794.60Net Time-weighted ROR -0.01 -0.01 4.06 1.39Performance returns are annualized after 1 year. Net deposits and withdrawals include program and account fees.Benchmarks - Annualized time-weighted returnsUS Treasury Bill - 3 Mos 0.40 0.40 4.49 4.14BofA Corp/Gov 1-5Y -1.01 -1.01 3.56 1.68BBG Agg Bond -2.48 -2.48 1.86 -0.91Past performance does not guarantee future results and current performance may be lower/higher than past data presented.Report created on: November 01, 2024 Page 3 of 38 Item #4. Page 6
Meeting Date: 12/10/2024 / Packet Page #: 15
Consolidated report prepared for City of Glendora
Bond Summaryas of October 31, 2024Bond OverviewTotal quantity 96,521,000Total market value $93,759,203.76Total accrued interest $360,807.35Total market value plus accrued interest $94,120,011.11Total estimated annual bond interest $1,624,332.25Average yield to maturityAverage coupon 1.70%

4.51%1.73%4.48%
Average current yieldAverage yield to worstAverage modified duration 1.22Average effective maturity 1.43 Investment Type AllocationInvestment type Taxable ($) Total ($) Tax-exempt /
deferred ($)
% of
bond
port.

Certificates of deposit 15,659,771.91 0.00 15,659,771.91 16.64U.S. corporates 29,244,816.71 0.00 29,244,816.71 31.07U.S. federal agencies 46,771,213.72 0.00 46,771,213.72 49.69U.S. treasuries 2,444,208.78 0.00 2,444,208.78 2.60Total $94,120,011.12 $0.00 $94,120,011.12 100% Credit Quality of Bond HoldingsA Aaa/AAA/AAA 13 22,410,666.81 23.83B Aa/AA/AA 19 30,775,834.01 32.72C A/A/A 17 24,223,300.90 25.67D Baa/BBB/BBB 1 1,050,437.48 1.12E Non-investment grade 0 0.00 0.00F Certificate of deposit 66 15,659,771.91 16.66G Not rated 0 0.00 0.00Total 116 $94,120,011.11 100%Effective credit rating % of
port.

Value on
Issues 10/31/2024 ($)
Bond Maturity Schedule
Effective maturity schedule
2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2035 + Other 0 1020304050

5.9%

46.0%

27.8%

9.3%

3.6%

7.1%

0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%
Cash, mutual funds and some preferred securities are not included.$ Millions Includes all fixed income securities in the selected portfolio. Average yields and durations exclude Structured Product, Pass-Through, Perpetual Preferred, and Foreign securities.Accrued interest, if any, has been included in the total market value.Report created on: November 01, 2024 Page 4 of 38 Item #4. Page 7
Meeting Date: 12/10/2024 / Packet Page #: 16
Consolidated report prepared for City of Glendora
Portfolio Holdingsas of October 31, 2024Summary of Portfolio Holdings Unrealized
Cost basis ($) gain/loss (%)
Est. annual
income ($)
Unrealized
gain/loss ($)
Value on
10/31/2024 ($)
Current
yield (%)
% of
portfolio
A Cash 13,650,080 13,650,080 0 0.00% 473,972 3.47% 12.67% Cash 13,650,080 13,650,080 0 0.00% 473,972 3.47% 12.67% US 13,650,080 13,650,080 0 0.00% 473,972 3.47% 12.67%
B Fixed Income 95,275,215* 94,120,011 -2,176,439* -2.28%* 1,624,332 1.73% 87.33% US 94,291,600* 93,141,794 -2,171,040* -2.30%* 1,585,502 1.70% 86.42% US Fixed Income 15,899,924 15,659,772 -240,152 -1.51% 360,118 2.30% 14.53% Government 49,471,260* 49,215,422 -1,277,071* -2.58%* 652,526 1.33% 45.66% Corporate IG Credit 28,920,417 28,266,599 -653,817 -2.26% 572,857 2.03% 26.23% International 983,615 978,217 -5,398 -0.55% 38,830 3.97% 0.91% Developed Markets 983,615 978,217 -5,398 -0.55% 38,830 3.97% 0.91% C Equity 0 0 0 0.00% NA NA 0.00%D Commodities 0 0 0 0.00% NA NA 0.00%E Non-Traditional 0 0 0 0.00% NA NA 0.00%F Other 0 0 0 0.00% NA NA 0.00%Total Portfolio $108,925,295* $107,770,091 -$2,176,439* -2.00%* $2,098,304 1.95% 100% Balanced mutual funds and Insurance & Annuity products are allocated in the 'Other' category B
A
* Total Cost Basis and/or Unrealized G/L values marked with an asterisk (*) are incomplete due to missing cost basis information.Accrued interest, if any, has been included in the total market value.Report created on: November 01, 2024 Page 5 of 38 Item #4. Page 8
Meeting Date: 12/10/2024 / Packet Page #: 17
Consolidated report prepared for City of Glendora
Portfolio Holdingsas of October 31, 2024 (continued)
Details of Portfolio Holdings
% of
asset
class
Est. annual
Cost basis ($) income ($)
Unrealized
gain/loss
(%)
Unrealized
Market value ($) gain/loss ($)
Current
yield (%)
Total Portfolio $108,925,295* $107,770,091 -$2,176,439* -2.00%* $2,098,304 1.95% 100% 100% % of
portfolio
Unrealized
gain/loss ($)
Unrealized
gain/loss
Quantity (%)
Current
Cost basis ($) yield (%)
Est. annual
income ($)
Purchase
price ($) / Cash Avg Price Market value ($)
Price on
10/31/2024
($)
% of
Cash
% of
portfolio
Cash
US
Outside ASSET(1) 1.00 225,967.25 225,967.25 0.00 0.00% NA NA 1.66% 0.21%[Outside Account @SXXXX279]

1.00 Outside ASSET(1) 1.00 3,491,328.97 3,491,328.97 0.00 0.00% NA NA 25.58% 3.24%[Outside Account @SXXXX283]

1.00 UBS INSURED SWEEP 470,942.62 1.00 470,942.62 470,942.62 0.00 0.00% 470.94 0.10% 0.44%PROGRAM

1.00 3.45%
UBS SELECT TREASURY 9,926,644.61 1.00 9,926,644.61 9,926,644.61 0.00 0.00% 473,500.95 4.77% 9.21%INSTITUTIONAL FUND

1.00 72.72%
USD CASH -464,803.74 1.00 1.00 -464,803.74 -464,803.74 0.00 0.00% NA NA -3.41% -0.43% Total US $13,650,080 $13,650,080 $0 0.00% $473,972 3.47% 100% 12.67% Total Cash $13,650,080 $13,650,080 $0 0.00% $473,972 3.47% 100% 12.67% Total Cash $13,650,080 $13,650,080 $0 0.00% $473,972 3.47% 100% 12.67% (1)Assets held at other financial institutions are included in this report. We have not verified, and are not responsible for, the accuracy or completeness of this information.* Total Cost Basis and/or Unrealized G/L values marked with an asterisk (*) are incomplete due to missing cost basis information.Accrued interest, if any, has been included in the total market value.Report created on: November 01, 2024 Page 6 of 38 Item #4. Page 9
Meeting Date: 12/10/2024 / Packet Page #: 18
Consolidated report prepared for City of Glendora
Portfolio Holdingsas of October 31, 2024 (continued)
Unrealized
gain/loss ($)
Unrealized
gain/loss
Quantity (%)
Current
Cost basis ($) yield (%)
Est. annual
income ($)
Purchase
price ($) /
Avg Price Market value ($)
Amort/Accr.($)
as of
Fixed Income 10/31/2024
Price on
10/31/2024
($)
% of
Fixed
Income
% of
portfolio
US
US Fixed Income
AFFINITY PLUS MN US RT 245,000.00 100.00 245,000.00 248,445.17 0.00 3,445.17 1.41% 12,372.50 4.98% 0.23%05.0500% MAT 03/20/26LICU SHARE CERTIFICATE 101.25 0.26%
ALLY BK UT US RT 245,000.00 100.00 245,000.00 245,921.94 0.00 921.94 0.38% 8,697.50 3.54% 0.23%03.5500% MAT 06/30/26FIXED RATE CD

99.18 0.26%
AMERICAN COMM BK GA 245,000.00 100.00 245,000.00 236,775.01 0.00 -8,224.99 -3.36% 980.00 0.41% 0.22%US RT 00.4000% MAT09/22/25 FIXED RATE CD

96.63 0.25%
ARBOR FINL CREDIT MI US 245,000.00 100.00 245,000.00 248,406.88 0.00 3,406.88 1.39% 12,250.00 4.93% 0.23%RT 05.0000% MAT 04/03/28FIXED RATE CD 101.01 0.26%
BANK3 TENNESSEE TN US RT 245,000.00 100.00 245,000.00 237,312.60 0.00 -7,687.40 -3.14% 980.00 0.41% 0.22%00.4000% MAT 08/28/25FIXED RATE CD

96.86 0.25%
BANKUNITED NA FLOR FL US 245,000.00 100.00 245,000.00 234,389.05 0.00 -10,610.95 -4.33% 2,327.50 0.99% 0.22%RT 00.9500% MAT 03/31/26FIXED RATE CD

95.67 0.25%
BELL ST B&T ND US RT 245,000.00 100.00 245,000.00 242,747.31 0.00 -2,252.69 -0.92% 3,920.00 1.61% 0.23%01.6000% MAT 02/27/25FIXED RATE CD

99.06 0.26%
BK HAPOALIM BM NY US RT 245,000.00 100.00 245,000.00 235,681.21 0.00 -9,318.79 -3.80% 1,225.00 0.52% 0.22%00.5000% MAT 12/15/25FIXED RATE CD

96.01 0.25%
BMO HARRIS BK NA IL US RT 245,000.00 100.00 245,000.00 234,372.50 0.00 -10,627.50 -4.34% 1,960.00 0.84% 0.22%00.8000% MAT 03/18/26FIXED RATE CD

95.57 0.25%
BMW BANK NORTH AME UT 245,000.00 100.01 245,036.42 243,446.93 -277.47 -1,589.49 -0.65% 4,410.00 1.81% 0.23%US RT 01.8000% MAT03/04/25 FIXED RATE CD

99.09 0.26%
BOKF NA OK US RT 245,000.00 100.00 245,000.00 247,369.22 0.00 2,369.22 0.97% 11,637.50 4.70% 0.23%04.7500% MAT 02/17/27FIXED RATE CD

99.99 0.26%
CAPE COD FIVE CENT MA 245,000.00 100.00 245,000.00 247,929.26 0.00 2,929.26 1.20% 12,127.50 4.89% 0.23%US RT 04.9500% MAT08/09/27 FIXED RATE CD 100.07 0.26%
(1)Assets held at other financial institutions are included in this report. We have not verified, and are not responsible for, the accuracy or completeness of this information.* Total Cost Basis and/or Unrealized G/L values marked with an asterisk (*) are incomplete due to missing cost basis information.Accrued interest, if any, has been included in the total market value.Report created on: November 01, 2024 Page 7 of 38 Item #4. Page 10
Meeting Date: 12/10/2024 / Packet Page #: 19
Consolidated report prepared for City of Glendora
Portfolio Holdingsas of October 31, 2024 (continued)
Unrealized
gain/loss ($)
Unrealized
gain/loss
Quantity (%)
Current
Cost basis ($) yield (%)
Est. annual
income ($)
Purchase
price ($) /
Avg Price Market value ($)
Amort/Accr.($)
as of
Fixed Income 10/31/2024
Price on
10/31/2024
($)
% of
Fixed
Income
% of
portfolio
US
US Fixed Income
CAPITAL ONE BK USA VA US 245,000.00 100.00 245,000.00 232,662.07 0.00 -12,337.93 -5.04% 2,817.50 1.21% 0.22%RT 01.1500% MAT 11/24/26FIXED RATE CD

94.46 0.25%
CAPITAL ONE NA VA US RT 245,000.00 100.00 245,000.00 232,662.07 0.00 -12,337.93 -5.04% 2,817.50 1.21% 0.22%01.1500% MAT 11/24/26FIXED RATE CD

94.46 0.25%
CENTERSTATE BK NA FL US 245,000.00 100.00 245,000.00 240,898.06 0.00 -4,101.94 -1.67% 2,450.00 1.02% 0.22%RT 01.0000% MAT 04/30/25FIXED RATE CD

98.32 0.26%
CFG COMMUNITY BANK 245,000.00 100.00 245,000.00 246,032.15 0.00 1,032.15 0.42% 9,310.00 3.78% 0.23%MD US RT 03.8000% MAT03/11/26 FIXED RATE CD

99.58 0.26%
CHAMBERS BANK AK US RT 108,000.00 100.00 108,000.00 104,435.35 0.00 -3,564.65 -3.30% 378.00 0.36% 0.10%00.3500% MAT 09/22/25FIXED RATE CD

96.66 0.11%
CIBC BANK ILLINOIS IL US RT 245,000.00 100.00 245,000.00 249,147.48 0.00 4,147.48 1.69% 12,250.00 4.92% 0.23%05.0000% MAT 03/24/26FIXED RATE CD 101.19 0.26%
CITADEL FED CREDIT PA US 245,000.00 100.00 245,000.00 242,787.85 0.00 -2,212.15 -0.90% 4,042.50 1.67% 0.23%RT 01.6500% MAT 02/27/25CREDIT UNION SHARE CERT

99.08 0.26%
COMMUNITY BK TN US RT 245,000.00 100.00 245,000.00 237,364.52 0.00 -7,635.48 -3.12% 980.00 0.41% 0.22%00.4000% MAT 08/26/25FIXED RATE CD

96.88 0.25%
CY-FAIR FED CREDIT TX US 245,000.00 100.00 245,000.00 247,322.23 0.00 2,322.23 0.95% 12,985.00 5.25% 0.23%RT 05.3000% MAT 07/14/28FIXED RATE CD 100.70 0.26%
DISCOVER BANK DE US RT 245,000.00 100.00 245,000.00 243,901.76 0.00 -1,098.24 -0.45% 7,840.00 3.21% 0.23%03.2000% MAT 05/24/27FIXED RATE CD

98.15 0.26%
EAGLEMARK SVGS BK NV 245,000.00 100.22 245,527.61 235,171.30 -575.50 -10,356.31 -4.22% 4,900.00 2.08% 0.22%US RT 02.0000% MAT03/02/27 FIXED RATE CD

95.67 0.25%
EATON CMNTY BK MI US RT 245,000.00 99.90 244,755.00 245,963.76 0.00 1,208.76 0.49% 12,495.00 5.08% 0.23%05.1000% MAT 03/08/29FIXED RATE CD 100.07 0.26%
(1)Assets held at other financial institutions are included in this report. We have not verified, and are not responsible for, the accuracy or completeness of this information.* Total Cost Basis and/or Unrealized G/L values marked with an asterisk (*) are incomplete due to missing cost basis information.Accrued interest, if any, has been included in the total market value.Report created on: November 01, 2024 Page 8 of 38 Item #4. Page 11
Meeting Date: 12/10/2024 / Packet Page #: 20
Consolidated report prepared for City of Glendora
Portfolio Holdingsas of October 31, 2024 (continued)
Unrealized
gain/loss ($)
Unrealized
gain/loss
Quantity (%)
Current
Cost basis ($) yield (%)
Est. annual
income ($)
Purchase
price ($) /
Avg Price Market value ($)
Amort/Accr.($)
as of
Fixed Income 10/31/2024
Price on
10/31/2024
($)
% of
Fixed
Income
% of
portfolio
US
US Fixed Income
ENCORE BANK AR US RT 245,000.00 100.00 245,000.00 240,391.72 0.00 -4,608.28 -1.88% 1,960.00 0.82% 0.22%00.8000% MAT 05/15/25FIXED RATE CD

98.08 0.26%
ENERBANK UT US RT 245,000.00 100.00 245,000.00 239,539.86 0.00 -5,460.14 -2.23% 1,592.50 0.66% 0.22%00.6500% MAT 06/19/25FIXED RATE CD

97.75 0.25%
ESSENTIAL FED CRED LA US 245,000.00 100.00 245,000.00 250,054.42 0.00 5,054.42 2.06% 11,515.00 4.60% 0.23%RT 04.7000% MAT 06/15/27LICU SHARE CERTIFICATE 101.86 0.27%
FIRST CAROLINA BK NC US 245,000.00 100.00 245,000.00 239,353.29 0.00 -5,646.71 -2.30% 1,470.00 0.61% 0.22%RT 00.6000% MAT 06/26/25FIXED RATE CD

97.69 0.25%
FIRST FED BK MO US RT 138,000.00 99.90 137,862.00 138,152.05 0.00 290.05 0.21% 6,969.00 5.04% 0.13%05.0500% MAT 02/26/29FIXED RATE CD 100.04 0.15%
FIRST GTY BK HAMMO LA 219,000.00 100.00 219,000.00 219,000.00 0.00 0.00 0.00% 9,526.50 4.35% 0.20%US RT 04.3500% MAT11/06/28 FIXED RATE CD 100.00 0.23%
FLAGSTAR BANK, FSB MI US 245,000.00 100.00 245,000.00 240,957.20 0.00 -4,042.80 -1.65% 2,572.50 1.07% 0.22%RT 01.0500% MAT 04/30/25FIXED RATE CD

98.35 0.26%
GREAT STHN BK MO US RT 245,000.00 100.00 245,000.00 245,339.61 0.00 339.61 0.14% 11,025.00 4.49% 0.23%04.5000% MAT 10/20/25FIXED RATE CD 100.00 0.26%
GREENSTATE CREDIT IA US 245,000.00 100.00 245,000.00 234,286.35 0.00 -10,713.65 -4.37% 2,327.50 0.99% 0.22%RT 00.9500% MAT 04/16/26FIXED RATE CD

95.55 0.25%
HOME LN INVT BK RI US RT 245,000.00 100.00 245,000.00 237,387.55 0.00 -7,612.45 -3.11% 980.00 0.41% 0.22%00.4000% MAT 08/29/25FIXED RATE CD

96.86 0.25%
HORIZON BK NE US RT 245,000.00 100.00 245,000.00 241,667.97 0.00 -3,332.03 -1.36% 3,185.00 1.32% 0.22%01.3000% MAT 04/15/25FIXED RATE CD

98.58 0.26%
JPMORGAN CHASE BK OH 245,000.00 100.00 245,000.00 237,411.01 0.00 -7,588.99 -3.10% 1,715.00 0.72% 0.22%US RT 00.7000% MAT09/30/25 FIXED RATE CD

96.84 0.25%
(1)Assets held at other financial institutions are included in this report. We have not verified, and are not responsible for, the accuracy or completeness of this information.* Total Cost Basis and/or Unrealized G/L values marked with an asterisk (*) are incomplete due to missing cost basis information.Accrued interest, if any, has been included in the total market value.Report created on: November 01, 2024 Page 9 of 38 Item #4. Page 12
Meeting Date: 12/10/2024 / Packet Page #: 21
Consolidated report prepared for City of Glendora
Portfolio Holdingsas of October 31, 2024 (continued)
Unrealized
gain/loss ($)
Unrealized
gain/loss
Quantity (%)
Current
Cost basis ($) yield (%)
Est. annual
income ($)
Purchase
price ($) /
Avg Price Market value ($)
Amort/Accr.($)
as of
Fixed Income 10/31/2024
Price on
10/31/2024
($)
% of
Fixed
Income
% of
portfolio
US
US Fixed Income
LAFAYETTE FED CRED MD 245,000.00 100.00 245,000.00 241,063.99 0.00 -3,936.01 -1.61% 7,962.50 3.30% 0.22%US RT 03.2500% MAT06/15/27 LICU SHARECERTIFICATE

98.25 0.26%
LEADER BK NA MA US RT 245,000.00 100.00 245,000.00 245,299.47 0.00 299.47 0.12% 12,740.00 5.19% 0.23%05.2000% MAT 04/26/29FIXED RATE CD 100.05 0.26%
LIBERTY BK CT US RT 245,000.00 99.90 244,755.00 245,529.70 0.00 774.70 0.32% 12,740.00 5.19% 0.23%05.2000% MAT 04/18/29FIXED RATE CD 100.03 0.26%
LIVE OAK BKG CO NC US RT 245,000.00 100.00 245,000.00 231,615.05 0.00 -13,384.95 -5.46% 1,960.00 0.85% 0.21%00.8000% MAT 08/13/26FIXED RATE CD

94.47 0.25%
MCHENRY SVGS BK IL US RT 245,000.00 100.00 245,000.00 244,464.89 0.00 -535.11 -0.22% 4,287.50 1.75% 0.23%01.7500% MAT 11/29/24FIXED RATE CD

99.77 0.26%
MEDALLION BK UT US RT 245,000.00 100.00 245,000.00 238,234.34 0.00 -6,765.66 -2.76% 1,347.50 0.57% 0.22%00.5500% MAT 07/30/25FIXED RATE CD

97.24 0.25%
METRO CREDIT UNION MA 245,000.00 100.00 245,000.00 233,168.28 0.00 -11,831.72 -4.83% 4,165.00 1.79% 0.22%US RT 01.7000% MAT02/18/27 LICU SHARECERTIFICATE

95.03 0.25%
MORGAN STANLEY BK UT 245,000.00 100.00 245,000.00 247,768.37 0.00 2,768.37 1.13% 10,412.50 4.20% 0.23%US RT 04.2500% MAT02/02/26 FIXED RATE CD 100.08 0.26%
MORTON CMNTY BK IL US 245,000.00 100.00 245,000.00 239,535.83 0.00 -5,464.17 -2.23% 1,470.00 0.61% 0.22%RT 00.6000% MAT 06/19/25FIXED RATE CD

97.75 0.25%
NEW ORLEANS FIREME LA 245,000.00 100.00 245,000.00 254,534.86 0.00 9,534.86 3.89% 12,250.00 4.81% 0.24%US RT 05.0000% MAT07/17/28 FIXED RATE CD 103.70 0.27%
NEW YORK CMNTY BK NY 245,000.00 100.00 245,000.00 232,480.23 0.00 -12,519.77 -5.11% 1,715.00 0.74% 0.22%US RT 00.7000% MAT07/01/26 FIXED RATE CD

94.65 0.25%
(1)Assets held at other financial institutions are included in this report. We have not verified, and are not responsible for, the accuracy or completeness of this information.* Total Cost Basis and/or Unrealized G/L values marked with an asterisk (*) are incomplete due to missing cost basis information.Accrued interest, if any, has been included in the total market value.Report created on: November 01, 2024 Page 10 of 38 Item #4. Page 13
Meeting Date: 12/10/2024 / Packet Page #: 22
Consolidated report prepared for City of Glendora
Portfolio Holdingsas of October 31, 2024 (continued)
Unrealized
gain/loss ($)
Unrealized
gain/loss
Quantity (%)
Current
Cost basis ($) yield (%)
Est. annual
income ($)
Purchase
price ($) /
Avg Price Market value ($)
Amort/Accr.($)
as of
Fixed Income 10/31/2024
Price on
10/31/2024
($)
% of
Fixed
Income
% of
portfolio
US
US Fixed Income
PACIFIC CREST SVGS WA US 245,000.00 100.00 245,000.00 241,132.15 0.00 -3,867.85 -1.58% 2,940.00 1.22% 0.22%RT 01.2000% MAT 04/30/25FIXED RATE CD

98.42 0.26%
PACIFIC WSTN BK CA US RT 245,000.00 100.00 245,000.00 241,701.02 0.00 -3,298.98 -1.35% 3,307.50 1.37% 0.22%01.3500% MAT 04/16/25FIXED RATE CD

98.60 0.26%
PENTAGON FED CREDI VA 245,000.00 100.00 245,000.00 233,003.69 0.00 -11,996.31 -4.90% 4,165.00 1.79% 0.22%US RT 01.7000% MAT02/18/27 CREDIT UNIONSHARE CERT

95.04 0.25%
RAYMOND JAMES BK N FL 245,000.00 100.00 245,000.00 246,930.47 0.00 1,930.47 0.79% 4,410.00 1.79% 0.23%US RT 01.8000% MAT11/08/24 FIXED RATE CD

99.92 0.26%
SAN FRANCISCO FED CA US 245,000.00 100.00 245,000.00 241,704.88 0.00 -3,295.12 -1.34% 2,695.00 1.11% 0.22%RT 01.1000% MAT 03/27/25LICU SHARE CERTIFICATE

98.64 0.26%
SAVOY BK NY US RT 245,000.00 100.00 245,000.00 240,446.56 0.00 -4,553.44 -1.86% 1,960.00 0.82% 0.22%00.8000% MAT 05/13/25FIXED RATE CD

98.10 0.26%
SOMERSET TRUST CO PA US 245,000.00 100.00 245,000.00 241,831.85 0.00 -3,168.15 -1.29% 2,450.00 1.01% 0.22%RT 01.0000% MAT 03/19/25FIXED RATE CD

98.67 0.26%
STAR FINL BK IN US RT 245,000.00 100.00 245,000.00 245,331.76 0.00 331.76 0.14% 11,270.00 4.59% 0.23%04.6000% MAT 08/27/29FIXED RATE CD 100.09 0.26%
STATE BANK OF INDI NY US 245,000.00 100.00 245,000.00 234,608.98 0.00 -10,391.02 -4.24% 2,205.00 0.94% 0.22%RT 00.9000% MAT 03/25/26FIXED RATE CD

95.67 0.25%
STOCKMAN BK MT US RT 245,000.00 100.00 245,000.00 240,693.07 0.00 -4,306.93 -1.76% 1,470.00 0.61% 0.22%00.6000% MAT 06/10/25FIXED RATE CD

98.01 0.26%
SYNCHRONY BANK UT US 245,000.00 100.00 245,000.00 243,092.09 0.00 -1,907.91 -0.78% 4,900.00 2.02% 0.23%RT 02.0000% MAT 03/25/25FIXED RATE CD

99.02 0.26%
(1)Assets held at other financial institutions are included in this report. We have not verified, and are not responsible for, the accuracy or completeness of this information.* Total Cost Basis and/or Unrealized G/L values marked with an asterisk (*) are incomplete due to missing cost basis information.Accrued interest, if any, has been included in the total market value.Report created on: November 01, 2024 Page 11 of 38 Item #4. Page 14
Meeting Date: 12/10/2024 / Packet Page #: 23
Consolidated report prepared for City of Glendora
Portfolio Holdingsas of October 31, 2024 (continued)
Unrealized
gain/loss ($)
Unrealized
gain/loss
Quantity (%)
Current
Cost basis ($) yield (%)
Est. annual
income ($)
Purchase
price ($) /
Avg Price Market value ($)
Amort/Accr.($)
as of
Fixed Income 10/31/2024
Price on
10/31/2024
($)
% of
Fixed
Income
% of
portfolio
US
US Fixed Income
TECHNOLOGY CREDIT CA 245,000.00 100.00 245,000.00 248,956.65 0.00 3,956.65 1.61% 12,250.00 4.92% 0.23%US RT 05.0000% MAT03/23/26 CREDIT UNIONSHARE CERT 101.20 0.26%
TEXAS EXCHANGE BK TX US 245,000.00 100.00 245,000.00 236,136.27 0.00 -8,863.73 -3.62% 1,470.00 0.62% 0.22%RT 00.6000% MAT 10/23/25FIXED RATE CD

96.37 0.25%
THIRD FED S&L ASSN OH US 245,000.00 100.00 245,000.00 246,591.16 0.00 1,591.16 0.65% 4,777.50 1.94% 0.23%RT 01.9500% MAT 11/25/24FIXED RATE CD

99.80 0.26%
TOYOTA FINL SVG BK NV US 245,000.00 100.00 245,000.00 233,931.37 0.00 -11,068.63 -4.52% 2,205.00 0.94% 0.22%RT 00.9000% MAT 04/22/26FIXED RATE CD

95.46 0.25%
UBS BANK UT US RT 245,000.00 100.00 245,000.00 232,742.48 0.00 -12,257.52 -5.00% 2,082.50 0.89% 0.22%00.8500% MAT 06/16/26FIXED RATE CD

94.96 0.25%
USALLIANCE FED CRE NY US 245,000.00 100.00 245,000.00 236,946.45 0.00 -8,053.55 -3.29% 1,225.00 0.52% 0.22%RT 00.5000% MAT 09/29/25FIXED RATE CD

96.67 0.25%
VALLEYSTAR CR UN M VA 245,000.00 100.00 245,000.00 248,277.33 0.00 3,277.33 1.34% 12,250.00 4.93% 0.23%US RT 05.0000% MAT03/20/26 LICU SHARECERTIFICATE 101.19 0.26%
WELLS FARGO BK NA SD US 245,000.00 100.00 244,987.75 247,331.96 0.00 2,344.21 0.96% 10,045.00 4.06% 0.23%RT 04.1000% MAT 02/06/29FIXED RATE CD 100.67 0.26%
Total US Fixed Income $15,899,924 $15,659,772 -$852.97 -$240,152 -1.51% $360,118 2.30% 16.64% 14.53% Government
FEDERAL FARM CREDIT 2,000,000.00 100.00 2,000,000.00 1,999,992.22 0.00 -7.78 0.00% 19,400.00 0.97% 1.86%BANK 00.970 % DUE120924 DTD 120921 FC06092022

99.62 2.12%
FFCB BOND 00.600 % DUE 2,000,000.00 100.00 2,000,000.00 1,958,540.00 0.00 -41,460.00 -2.07% 12,000.00 0.61% 1.82%061625 DTD 061621 FC12162021

97.70 2.08%
(1)Assets held at other financial institutions are included in this report. We have not verified, and are not responsible for, the accuracy or completeness of this information.* Total Cost Basis and/or Unrealized G/L values marked with an asterisk (*) are incomplete due to missing cost basis information.Accrued interest, if any, has been included in the total market value.Report created on: November 01, 2024 Page 12 of 38 Item #4. Page 15
Meeting Date: 12/10/2024 / Packet Page #: 24
Consolidated report prepared for City of Glendora
Portfolio Holdingsas of October 31, 2024 (continued)
Unrealized
gain/loss ($)
Unrealized
gain/loss
Quantity (%)
Current
Cost basis ($) yield (%)
Est. annual
income ($)
Purchase
price ($) /
Avg Price Market value ($)
Amort/Accr.($)
as of
Fixed Income 10/31/2024
Price on
10/31/2024
($)
% of
Fixed
Income
% of
portfolio
US
Government
FFCB BOND 00.600 % DUE 2,000,000.00 100.00 2,000,000.00 1,929,593.33 0.00 -70,406.67 -3.52% 12,000.00 0.62% 1.79%112425 DTD 112420 FC05242021

96.22 2.05%
FFCB BOND 00.610 % DUE 2,000,000.00 100.00 2,000,000.00 1,964,174.44 0.00 -35,825.56 -1.79% 12,200.00 0.62% 1.82%052325 DTD 082321 FC11232021

97.94 2.09%
FFCB BOND 00.660 % DUE 2,000,000.00 100.00 2,000,000.00 1,937,846.67 0.00 -62,153.33 -3.11% 13,200.00 0.68% 1.80%091525 DTD 091521 FC03152022

96.81 2.06%
FFCB BOND 00.680 % DUE 2,000,000.00 100.00 2,000,000.00 1,966,500.00 0.00 -33,500.00 -1.68% 13,600.00 0.69% 1.82%051925 DTD 051921 FC11192021

98.02 2.09%
FFCB BOND 00.710 % DUE 2,000,000.00 100.00 2,000,000.00 1,966,774.44 0.00 -33,225.56 -1.66% 14,200.00 0.72% 1.82%042125 DTD 042121 FC10212021

98.32 2.09%
FFCB BOND 01.840 % DUE 2,000,000.00 100.00 2,000,000.00 1,906,831.11 0.00 -93,168.89 -4.66% 36,800.00 1.93% 1.77%012627 DTD 012622 FC07262022

94.86 2.03%
FFCB NTS 00.940 % DUE 2,000,000.00 100.00 2,000,000.00 1,880,323.33 0.00 -119,676.67 -5.98% 18,800.00 1.00% 1.74%092826 DTD 092821 FC03282022

93.93 2.00%
FHLB BOND 00.625 % DUE 2,000,000.00 100.00 2,000,000.00 1,955,986.67 0.00 -44,013.33 -2.20% 12,500.00 0.64% 1.81%063025 DTD 063021 FC12302021

97.59 2.08%
FHLB BOND 01.050 % DUE 1,000,000.00 96.84 968,385.25 947,745.00 0.00 -20,640.25 -2.13% 10,500.00 1.11% 0.88%081326 DTD 081321 FC02132022

94.55 1.01%
FHLB BOND 01.780 % DUE 2,000,000.00 100.00 2,000,000.00 1,899,670.00 0.00 -100,330.00 -5.02% 35,600.00 1.87% 1.76%021027 DTD 021022 FC08102022

94.58 2.02%
FHLB BOND 02.010 % DUE 3,215,000.00 95.65 3,075,098.40 3,065,807.93 0.00 -9,290.48 -0.30% 64,621.50 2.11% 2.84%022527 DTD 022522 FC08252022

94.99 3.26%
FHLB BOND STEP-UP 2,000,000.00 100.00 2,000,000.00 1,931,746.67 0.00 -68,253.33 -3.41% 20,000.00 1.04% 1.79%1.0000% DUE 063026 DTD063021 FC 12302021

96.25 2.05%
(1)Assets held at other financial institutions are included in this report. We have not verified, and are not responsible for, the accuracy or completeness of this information.* Total Cost Basis and/or Unrealized G/L values marked with an asterisk (*) are incomplete due to missing cost basis information.Accrued interest, if any, has been included in the total market value.Report created on: November 01, 2024 Page 13 of 38 Item #4. Page 16
Meeting Date: 12/10/2024 / Packet Page #: 25
Consolidated report prepared for City of Glendora
Portfolio Holdingsas of October 31, 2024 (continued)
Unrealized
gain/loss ($)
Unrealized
gain/loss
Quantity (%)
Current
Cost basis ($) yield (%)
Est. annual
income ($)
Purchase
price ($) /
Avg Price Market value ($)
Amort/Accr.($)
as of
Fixed Income 10/31/2024
Price on
10/31/2024
($)
% of
Fixed
Income
% of
portfolio
US
Government
FHLB NTS 1.0500% DUE 2,000,000.00 100.00 2,000,000.00 1,918,990.00 0.00 -81,010.00 -4.05% 21,000.00 1.09% 1.78%033026 DTD 033021 FC09302021

95.86 2.04%
FHLB NTS 1.1500% DUE 2,000,000.00 100.00 2,000,000.00 1,898,552.78 0.00 -101,447.22 -5.07% 23,000.00 1.21% 1.76%082626 DTD 082621 FC02262022

94.72 2.02%
FHLB NTS 1.5000% DUE 2,000,000.00 100.00 2,000,000.00 1,925,460.00 0.00 -74,540.00 -3.73% 30,000.00 1.56% 1.79%063026 DTD 063021 FC12302021

95.77 2.05%
FHLB NTS 04.625 % DUE 1,000,000.00 99.76 997,555.25 996,365.56 0.00 -1,189.69 -0.12% 46,250.00 4.64% 0.92%101529 DTD 101524 FC04152025

99.43 1.06%
FHLMC MED TERM NTS 1,000,000.00 99.85 998,500.00 973,881.11 0.00 -24,618.89 -2.47% 5,000.00 0.51% 0.90%00.500 % DUE 072325 DTD072320 FC 01232021

97.25 1.03%
FHLMC MED TERM NTS 2,000,000.00 100.00 2,000,000.00 1,965,225.00 0.00 -34,775.00 -1.74% 14,600.00 0.74% 1.82%00.730 % DUE 052825 DTD052820 FC 11282020

97.95 2.09%
FHLMC NTS 05.150 % DUE 1,000,000.00 100.07 1,000,733.89 1,008,123.33 -21.74 7,389.44 0.74% 51,500.00 5.11% 0.94%082729 DTD 083024 FC02272025

99.95 1.07%
FNMA NTS 00.500 % DUE 1,000,000.00 100.00 999,950.00 971,239.44 0.00 -28,710.56 -2.87% 5,000.00 0.51% 0.90%081425 DTD 081420 FC02142021

97.02 1.03%
FNMA NTS 00.540 % DUE 2,000,000.00 100.00 2,000,000.00 1,927,540.00 0.00 -72,460.00 -3.62% 10,800.00 0.56% 1.79%102725 DTD 102720 FC04272021

96.37 2.05%
FNMA NTS 00.560 % DUE 2,000,000.00 100.00 2,000,000.00 1,930,442.22 0.00 -69,557.78 -3.48% 11,200.00 0.58% 1.79%111725 DTD 111720 FC05172021

96.27 2.05%
FNMA NTS 04.125 % DUE 988,000.00 99.59 983,948.13 991,937.18 0.00 7,989.05 0.81% 40,755.00 4.11% 0.92%082825 DTD 083022 FC02282023

99.71 1.05%
FNMA NTS 05.050 % DUE 1,000,000.00 - - 1,021,234.17 0.00 - - 50,500.00 4.94% 0.95%062629 DTD 062824 FC12262024 100.40 1.09%
(1)Assets held at other financial institutions are included in this report. We have not verified, and are not responsible for, the accuracy or completeness of this information.* Total Cost Basis and/or Unrealized G/L values marked with an asterisk (*) are incomplete due to missing cost basis information.Accrued interest, if any, has been included in the total market value.Report created on: November 01, 2024 Page 14 of 38 Item #4. Page 17
Meeting Date: 12/10/2024 / Packet Page #: 26
Consolidated report prepared for City of Glendora
Portfolio Holdingsas of October 31, 2024 (continued)
Unrealized
gain/loss ($)
Unrealized
gain/loss
Quantity (%)
Current
Cost basis ($) yield (%)
Est. annual
income ($)
Purchase
price ($) /
Avg Price Market value ($)
Amort/Accr.($)
as of
Fixed Income 10/31/2024
Price on
10/31/2024
($)
% of
Fixed
Income
% of
portfolio
US
Government
INTL FIN CORP NTS 00.500 2,000,000.00 100.00 2,000,000.00 1,930,691.11 0.00 -69,308.89 -3.47% 10,000.00 0.52% 1.79%% DUE 051526 DTD 052821FC 11152021

96.30 2.05%
US TSY NOTE 01.125 % DUE 1,000,000.00 98.21 982,052.13 942,230.00 0.00 -39,822.13 -4.05% 11,250.00 1.19% 0.87%10/31/26 DTD 10/31/21 FC04/30/22

94.22 1.00%
US TSY NOTE 01.750 % DUE 1,500,000.00 97.67 1,465,036.50 1,501,978.78 0.00 36,942.28 2.52% 26,250.00 1.75% 1.39%12/31/24 DTD 12/31/19 FC06/30/20

99.55 1.60%
Total Government $49,471,260* $49,215,422 -$21.74 -$1,277,071* -2.58%* $652,526 1.33% 52.29% 45.66% Corporate IG Credit
AMAZON COM INC NTS B/E 1,000,000.00 100.06 1,000,579.08 981,608.89 -4,243.63 -18,970.19 -1.90% 8,000.00 0.81% 0.91%00.800% 060325DTD060320CALL@MW+10BP

97.83 1.04%
AMEREN ILL CO NTS B/E 1,500,000.00 99.67 1,494,995.25 1,485,633.33 0.00 -9,361.92 -0.63% 57,000.00 3.84% 1.38%03.800% 051528DTD052218 FC111518CALL@MW+15BP

97.29 1.58%
CATERPILLAR FINL SERVICE 2,026,000.00 100.40 2,034,188.21 2,005,489.00 -62,257.14 -28,699.21 -1.41% 29,377.00 1.46% 1.86%01.450% 051525DTD051520 FC111520CALL@MW+20BP

98.32 2.13%
CHARLES SCHWAB CORP 470,000.00 94.17 442,604.25 449,462.96 0.00 6,858.71 1.55% 15,275.00 3.40% 0.42%B/E 03.250% 052229DTD052219 FC112219

94.20 0.48%
CHARLES SCHWAB CORP 2,000,000.00 99.49 1,989,860.00 1,902,700.00 0.00 -87,160.00 -4.38% 18,000.00 0.95% 1.77%NTS 00.900% 031126DTD121120 FC031121CALL@MW+10BP

95.01 2.02%
COMCAST CORP NEW B/E 1,000,000.00 102.05 1,020,518.22 997,175.00 -98,623.60 -23,343.22 -2.29% 33,750.00 3.38% 0.93%03.375% 081525DTD052715 FC081515CALL@MW+20BP

99.01 1.06%
(1)Assets held at other financial institutions are included in this report. We have not verified, and are not responsible for, the accuracy or completeness of this information.* Total Cost Basis and/or Unrealized G/L values marked with an asterisk (*) are incomplete due to missing cost basis information.Accrued interest, if any, has been included in the total market value.Report created on: November 01, 2024 Page 15 of 38 Item #4. Page 18
Meeting Date: 12/10/2024 / Packet Page #: 27
Consolidated report prepared for City of Glendora
Portfolio Holdingsas of October 31, 2024 (continued)
Unrealized
gain/loss ($)
Unrealized
gain/loss
Quantity (%)
Current
Cost basis ($) yield (%)
Est. annual
income ($)
Purchase
price ($) /
Avg Price Market value ($)
Amort/Accr.($)
as of
Fixed Income 10/31/2024
Price on
10/31/2024
($)
% of
Fixed
Income
% of
portfolio
US
Corporate IG Credit
E I DU PONT DE NEMOURS 2,141,000.00 100.53 2,152,348.22 2,107,034.23 -54,446.25 -45,313.99 -2.11% 36,397.00 1.73% 1.96%01.700% 071525DTD051520 FC011521CALL@MW+25BP

97.91 2.24%
INTEL CORP NTS B/E 1,054,000.00 101.14 1,066,012.60 1,050,437.48 -121,675.29 -15,575.12 -1.46% 35,836.00 3.41% 0.97%03.400% 032525DTD032520CALL@MW+45BP

99.32 1.12%
JOHN DEERE CAPITAL CORP 1,124,000.00 100.29 1,127,283.04 1,125,143.98 -65,733.18 -2,139.06 -0.19% 23,042.00 2.05% 1.04%02.050% 010925DTD010920 FC070920 NTSB/E

99.46 1.20%
JOHN DEERE CPTL CORP 2,000,000.00 100.05 2,000,959.39 1,917,062.22 -2,942.81 -83,897.17 -4.19% 14,000.00 0.73% 1.78%00.700% 011526DTD010721 FC071521 MEDTERM NTS

95.65 2.04%
JPMORGAN CHASE & CO 1,200,000.00 100.00 1,200,000.00 1,127,825.33 0.00 -72,174.67 -6.01% 9,600.00 0.85% 1.05%00.800% 022626DTD022621 FC082621 MEDTERM NTS

93.84 1.20%
JPMORGAN CHASE & CO 1,017,000.00 100.47 1,021,776.46 1,021,736.11 -88,133.19 -40.35 0.00% 31,781.25 3.11% 0.95%B/E 03.125% 012325DTD012315 FC072315

99.62 1.09%
MASTERCARD INC NTS B/E 2,000,000.00 100.30 2,005,941.37 1,988,924.44 -76,746.93 -17,016.93 -0.85% 40,000.00 2.01% 1.85%02.000% 030325DTD120319 FC030320CALL@MW+10BP

99.12 2.11%
MICROSOFT CORP B/E 1,000,000.00 100.61 1,006,063.17 1,000,545.00 -88,366.28 -5,518.17 -0.55% 27,000.00 2.70% 0.93%02.700% 021225DTD021215 FC081215CALL@MW+12.5BP

99.46 1.06%
MORGAN STANLEY FIN LLC 2,000,000.00 100.00 2,000,000.00 1,864,553.33 0.00 -135,446.67 -6.77% 21,000.00 1.13% 1.73%01.050% 082726DTD082721 FC022722 MEDTERM NTS

93.04 1.98%
(1)Assets held at other financial institutions are included in this report. We have not verified, and are not responsible for, the accuracy or completeness of this information.* Total Cost Basis and/or Unrealized G/L values marked with an asterisk (*) are incomplete due to missing cost basis information.Accrued interest, if any, has been included in the total market value.Report created on: November 01, 2024 Page 16 of 38 Item #4. Page 19
Meeting Date: 12/10/2024 / Packet Page #: 28
Consolidated report prepared for City of Glendora
Portfolio Holdingsas of October 31, 2024 (continued)
Unrealized
gain/loss ($)
Unrealized
gain/loss
Quantity (%)
Current
Cost basis ($) yield (%)
Est. annual
income ($)
Purchase
price ($) /
Avg Price Market value ($)
Amort/Accr.($)
as of
Fixed Income 10/31/2024
Price on
10/31/2024
($)
% of
Fixed
Income
% of
portfolio
US
Corporate IG Credit
PACIFICORP B/E 03.500% 1,000,000.00 97.14 971,415.25 959,762.22 0.00 -11,653.03 -1.20% 35,000.00 3.65% 0.89%061529 DTD030119FC061519 CALL@MW+15BP

94.65 1.02%
TARGET CORP NTS B/E 2,000,000.00 100.63 2,012,645.78 1,980,680.00 -119,730.86 -31,965.78 -1.59% 45,000.00 2.27% 1.84%02.250% 041525DTD033120 FC101520CALL@MW+30BP

98.93 2.10%
TRUIST BANK NTS B/E 1,386,000.00 100.08 1,387,132.59 1,393,885.95 -51,248.09 6,753.36 0.49% 29,799.00 2.14% 1.29%02.150% 120624DTD120619 FC060620

99.70 1.48%
UNITED HEALTH GROUP INC 2,000,000.00 100.07 2,001,498.75 1,912,385.56 -3,263.92 -89,113.19 -4.45% 23,000.00 1.20% 1.77%01.150% 051526DTD051921 FC111521CALL@MW+07.50BP

95.09 2.03%
UNITED HEALTH GROUP INC 1,000,000.00 98.46 984,595.25 994,554.44 0.00 9,959.19 1.01% 40,000.00 4.02% 0.92%04.000% 051529DTD052022 FC111522CALL@MW+20BP

97.61 1.06%
Total Corporate IG Credit $28,920,417 $28,266,599 -$837,411.17 -$653,817 -2.26% $572,857 2.03% 30.03% 26.23% Total US $94,291,600* $93,141,794 -$838,285.88 -$2,171,040* -2.30%* $1,585,502 1.70% 98.96% 86.42% International
Developed Markets
TOTAL CAPITAL SA B/E 1,000,000.00 98.36 983,615.25 978,217.22 0.00 -5,398.03 -0.55% 38,830.00 3.97% 0.91%03.883% 101128DTD101118 FC041119CALL@MW+15BP

97.61 1.04%
Total Developed Markets $983,615 $978,217 $0.00 -$5,398 -0.55% $38,830 3.97% 1.04% 0.91% Total International $983,615 $978,217 $0.00 -$5,398 -0.55% $38,830 3.97% 1.04% 0.91% Total Fixed Income $95,275,215* $94,120,011 -$838,285.88 -$2,176,439* -2.28%* $1,624,332 1.73% 100% 87.33% (1)Assets held at other financial institutions are included in this report. We have not verified, and are not responsible for, the accuracy or completeness of this information.* Total Cost Basis and/or Unrealized G/L values marked with an asterisk (*) are incomplete due to missing cost basis information.Accrued interest, if any, has been included in the total market value.Report created on: November 01, 2024 Page 17 of 38 Item #4. Page 20
Meeting Date: 12/10/2024 / Packet Page #: 29
Consolidated report prepared for City of Glendora
Portfolio Holdingsas of October 31, 2024 (continued)Total Portfolio $108,925,295* $107,770,091 -$2,176,439* -2.00%* $2,098,304 1.95% 100% 100% Unrealized
gain/loss
(%)
Unrealized
gain/loss ($)
% of
asset
class
Est. annual
Cost basis ($) income ($)
Current
Market value ($) yield (%)
% of
portfolio
Total accrued interest (included in market values): $360,807.35(1)Assets held at other financial institutions are included in this report. We have not verified, and are not responsible for, the accuracy or completeness of this information.* Total Cost Basis and/or Unrealized G/L values marked with an asterisk (*) are incomplete due to missing cost basis information.Accrued interest, if any, has been included in the total market value.Report created on: November 01, 2024 Page 18 of 38 Item #4. Page 21
Meeting Date: 12/10/2024 / Packet Page #: 30
Consolidated report prepared for City of Glendora
Bond Holdingsas of October 31, 2024Summary of Bond HoldingsMaturityYear Yield to
maturity (%)
Yield to
worst (%)
Unrealized
Issues gain/loss ($) Mkt. value ($)
Est. annual
income ($)
Adjusted
cost basis ($)
Modified
duration
Current
Quantity yield (%) % of bond portfolio maturing
2024 6 5,621,000 88,924.00 1.59% 4.76% 4.76% 0.19 5,587,169.09 14,014.89 5,633,843.47

5.97%
2025 51 44,073,000 556,338.75 1.29% 4.47% 4.47% 0.62 44,152,790.7 -989,740.70 43,283,406.21

46.04%
2026 30 27,365,000 330,110.00 1.26% 4.51% 4.51% 1.53 27,307,755.52 -1,207,608.22 26,168,564.57

27.84%
2027 11 9,175,000 201,334.00 2.30% 4.27% 4.19% 2.15 9,035,626.01 -271,945.71 8,803,970.96

9.35%
2028 6 3,454,000 142,841.50 4.20% 4.59% 4.50% 3.00 3,432,610.5 -29,950.90 3,433,114.52

3.63%
2029 12 6,833,000 304,784.00 4.53% 4.84% 4.63% 3.17 5,759,263.64 969,218.94 6,797,111.38

7.18%
2030 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/A2049 0 0 N/A N/A N/A2049 + 0 0 N/A N/A N/AOther 0 0 N/A N/A N/ATotal 116 96,521,000 $1,624,332.25 1.73% 4.51% 4.48% 1.22 $95,275,215.46 $-1,516,011.70 $94,120,011.11Includes all fixed-rate securities in the selected portfolio. Average yields and durations exclude Structured Product, Pass-Through, Perpetual Preferred, and Foreign securities.Accrued interest, if any, has been included in the total market value.Report created on: November 01, 2024 Page 19 of 38 Item #4. Page 22
Meeting Date: 12/10/2024 / Packet Page #: 31
Consolidated report prepared for City of Glendora
Bond Holdingsas of October 31, 2024 (continued)
Effective rating/
Underlying rating
(Mdy/Fitch/S&P)
Mkt. value ($)/
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 ($)

4.51%4.48%
04/06/2026 N/A 1.22$95,275,215.46 N/A $93,759,203.76
$-1,516,011.70
96,521,000

1.73% $360,807.35

1.70% $1,624,332.25 100%
$94,120,011.11
Total Bond Portfolio
Details of Bond Holdings
Est. annual
income ($)/
Curr. yield (%)
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 99.920
2,126.47

1.80%

1.80% -196.00
11/08/2024 0.02 244,804.00 0.26%

5.41%
RAYMOND JAMES BK N FL 4,410.00 5.41%US RT 01.8000% MAT11/08/24 FIXED RATE CD /FL CD
245,000 245,000.00 99.800
2,081.16

1.95%

1.95% -490.00
11/25/2024 0.07 244,510.00 0.26%

4.84%
THIRD FED S&L ASSN OH US 4,777.50 4.84%RT 01.9500% MAT 11/25/24FIXED RATE CD /OH CD
245,000 245,000.00 99.772

23.49 1.75%

1.75% -558.60
11/29/2024 0.08 244,441.40 0.26%

4.63%
MCHENRY SVGS BK IL US RT 4,287.50 4.63%01.7500% MAT 11/29/24FIXED RATE CD /IL CD
1,386,000 1,387,132.59 99.703
12,002.37

2.15%

2.16% -5,249.01
12/06/2024 11/06/2024 0.10 1,381,883.58 1.47%

5.18%5.18%
100.00
29,799.00

NR/NR/NR
TRUIST BANK NTS B/E A3/A/A02.150% 120624DTD120619 FC060620 2,000,000 2,000,000.00 99.617
7,652.22

0.97%

0.97% -7,660.00
12/09/2024 0.11 1,992,340.00 2.12%

4.60%
19,400.00 4.60%

NR/NR/NR
FEDERAL FARM CREDIT Aaa/AA+/AA+BANK 00.970 % DUE120924 DTD 120921 FC06092022 1,500,000 1,465,036.50 99.547
8,773.78

1.75%

1.76% 28,168.50
12/31/2024 0.44 1,493,205.00 1.59%

4.48%
26,250.00 4.48%

NR/NR/NR
US TSY NOTE 01.750 % DUE NR/AA+/NR12/31/24 DTD 12/31/19 FC06/30/20 Total 2024 5,621,000 1.58% 12/12/2024 $88,924.00

1.59%

4.76%4.76%

0.19 $5,587,169.09
$14,014.89
$5,601,183.98
$32,659.49

5.97%
Includes all fixed-rate securities in the selected portfolio. Average yields and durations exclude Structured Product, Pass-Through, Perpetual Preferred, and Foreign securities.Accrued interest, if any, has been included in the total market value.Report created on: November 01, 2024 Page 20 of 38 Item #4. Page 23
Meeting Date: 12/10/2024 / Packet Page #: 32
Consolidated report prepared for City of Glendora
Bond Holdingsas of October 31, 2024 (continued)Maturing 2025 Effective rating/
Underlying rating
(Mdy/Fitch/S&P) Quantity Coupon
Effective
maturity
Call date/
Call price ($)
Est. annual
income ($)/
Curr. yield (%)
YTM (%)/
YTW (%)
Modified
duration
Market
price ($)
Mkt. value ($)/
Accr. interest ($)
% of
bond
port.

Adjusted
cost basis ($)/
Unreal. g/l ($)
1,124,000 1,127,283.04 99.464
7,168.62

2.05%

2.06% -9,307.68
01/09/2025 0.19 1,117,975.36 1.19%

4.88%
23,042.00 4.88%

NR/NR/NR
JOHN DEERE CAPITAL CORP A1/A+/A02.050% 010925DTD010920 FC070920 NTSB/E 1,017,000 1,021,776.46 99.615
8,651.56

3.13%

3.14% -8,691.91
01/23/2025 0.23 1,013,084.55 1.08%

4.79%
31,781.25 4.79%

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

03.125% 012325DTD012315 FC072315
1,000,000 1,006,063.17 99.462
5,925.00

2.70%

2.71% -11,443.17
02/12/2025 11/12/2024 0.28 994,620.00 1.06%

4.62%4.62%
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 99.063

42.96 1.60%

1.62% -2,295.65
02/27/2025 0.32 242,704.35 0.26%

4.50%
BELL ST B&T ND US RT 3,920.00 4.50%01.6000% MAT 02/27/25FIXED RATE CD /ND CD
245,000 245,000.00 99.079

44.30 1.65%

1.67% -2,256.45
02/27/2025 0.32 242,743.55 0.26%

4.50%
CITADEL FED CREDIT PA US 4,042.50 4.50%RT 01.6500% MAT 02/27/25CREDIT UNION SHARE CERT/PA CD
2,000,000 2,005,941.37 99.124
6,444.44

2.00%

2.02% -23,461.37
03/03/2025 02/03/2025 0.33 1,982,480.00 2.11%

4.61%4.61%
100.00
40,000.00

NR/NR/NR
MASTERCARD INC NTS B/E Aa3/NR/A+02.000% 030325DTD120319 FC030320CALL@MW+10BP 245,000 245,036.42 99.085
688.68

1.80%

1.82% -2,278.17
03/04/2025 0.33 242,758.25 0.26%

4.52%
BMW BANK NORTH AME UT 4,410.00 4.52%US RT 01.8000% MAT03/04/25 FIXED RATE CD /UT CD
245,000 245,000.00 98.674

80.55 1.00%

1.01% -3,248.70
03/19/2025 0.38 241,751.30 0.26%

4.52%
SOMERSET TRUST CO PA US 2,450.00 4.52%RT 01.0000% MAT 03/19/25FIXED RATE CD /PA CD
1,054,000 1,066,012.60 99.322
3,583.60

3.40%

3.42% -19,158.72
03/25/2025 02/25/2025 0.39 1,046,853.88 1.12%

5.11%5.11%
100.00
35,836.00

NR/NR/NR
INTEL CORP NTS B/E Baa1/BBB+/BBB03.400% 032525DTD032520CALL@MW+45BP 245,000 245,000.00 99.024
483.29

2.00%

2.02% -2,391.20
03/25/2025 0.39 242,608.80 0.26%

4.49%
SYNCHRONY BANK UT US RT 4,900.00 4.49%02.0000% MAT 03/25/25FIXED RATE CD /UT CD
Includes all fixed-rate securities in the selected portfolio. Average yields and durations exclude Structured Product, Pass-Through, Perpetual Preferred, and Foreign securities.Accrued interest, if any, has been included in the total market value.Report created on: November 01, 2024 Page 21 of 38 Item #4. Page 24
Meeting Date: 12/10/2024 / Packet Page #: 33
Consolidated report prepared for City of Glendora
Bond Holdingsas of October 31, 2024 (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 98.643

29.53 1.10%

1.12% -3,324.65
03/27/2025 0.40 241,675.35 0.26%

4.51%
SAN FRANCISCO FED CA US 2,695.00 4.51%RT 01.1000% MAT 03/27/25LICU SHARE CERTIFICATE/CA CD
245,000 245,000.00 98.583
139.62

1.30%

1.32% -3,471.65
04/15/2025 0.45 241,528.35 0.26%

4.45%
HORIZON BK NE US RT 3,185.00 4.45%01.3000% MAT 04/15/25FIXED RATE CD /NE CD
2,000,000 2,012,645.78 98.934
2,000.00

2.25%

2.27% -33,965.78
04/15/2025 03/15/2025 0.45 1,978,680.00 2.11%

4.63%4.63%
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 98.598
135.92

1.35%

1.37% -3,434.90
04/16/2025 0.45 241,565.10 0.26%

4.47%
PACIFIC WSTN BK CA US RT 3,307.50 4.47%01.3500% MAT 04/16/25FIXED RATE CD /CA CD
2,000,000 2,000,000.00 98.319
394.44

0.71%

0.72% -33,620.00
04/21/2025 0.46 1,966,380.00 2.10%

4.34%
14,200.00 4.34%

NR/NR/NR
FFCB BOND 00.710 % DUE Aaa/AA+/AA+042125 DTD 042121 FC10212021 245,000 245,000.00 98.323

6.71 1.00%

1.02% -4,108.65
04/30/2025 0.49 240,891.35 0.26%

4.46%
CENTERSTATE BK NA FL US 2,450.00 4.46%RT 01.0000% MAT 04/30/25FIXED RATE CD /FL CD
245,000 245,000.00 98.347

7.05 1.05%

1.07% -4,049.85
04/30/2025 0.49 240,950.15 0.26%

4.46%
FLAGSTAR BANK, FSB MI US 2,572.50 4.46%RT 01.0500% MAT 04/30/25FIXED RATE CD /MI CD
245,000 245,000.00 98.418

8.05 1.20%

1.22% -3,875.90
04/30/2025 0.49 241,124.10 0.26%

4.43%
PACIFIC CREST SVGS WA US 2,940.00 4.43%RT 01.2000% MAT 04/30/25FIXED RATE CD /WA CD
245,000 245,000.00 98.102

96.66 0.80%

0.82% -4,650.10
05/13/2025 0.53 240,349.90 0.26%

4.42%
SAVOY BK NY US RT 1,960.00 4.42%00.8000% MAT 05/13/25FIXED RATE CD /NY CD
2,026,000 2,034,188.21 98.319
13,546.06

1.45%

1.47% -42,245.27
05/15/2025 0.52 1,991,942.94 2.12%

4.64%
29,377.00 4.64%

NR/NR/NR
CATERPILLAR FINL SERVICE A2/A+/A01.450% 051525DTD051520 FC111520CALL@MW+20BP 245,000 245,000.00 98.084

85.92 0.80%

0.82% -4,694.20
05/15/2025 0.53 240,305.80 0.26%

4.42%
ENCORE BANK AR US RT 1,960.00 4.42%00.8000% MAT 05/15/25FIXED RATE CD /AR CD
Includes all fixed-rate securities in the selected portfolio. Average yields and durations exclude Structured Product, Pass-Through, Perpetual Preferred, and Foreign securities.Accrued interest, if any, has been included in the total market value.Report created on: November 01, 2024 Page 22 of 38 Item #4. Page 25
Meeting Date: 12/10/2024 / Packet Page #: 34
Consolidated report prepared for City of Glendora
Bond Holdingsas of October 31, 2024 (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 98.019
6,120.00

0.68%

0.69% -39,620.00
05/19/2025 0.54 1,960,380.00 2.09%

4.36%
13,600.00 4.36%

NR/NR/NR
FFCB BOND 00.680 % DUE Aaa/AA+/AA+051925 DTD 051921 FC11192021 2,000,000 2,000,000.00 97.941
5,354.44

0.61%

0.62% -41,180.00
05/23/2025 0.55 1,958,820.00 2.09%

4.36%
12,200.00 4.36%

NR/NR/NR
FFCB BOND 00.610 % DUE Aaa/AA+/AA+052325 DTD 082321 FC11232021 2,000,000 2,000,000.00 97.951
6,205.00

0.73%

0.75% -40,980.00
05/28/2025 11/28/2024 0.56 1,959,020.00 2.09%

4.38%4.38%
100.00
14,600.00

NR/NR/NR
FHLMC MED TERM NTS Aaa/AA+/NR00.730 % DUE 052825 DTD052820 FC 11282020 1,000,000 1,000,579.08 97.832
3,288.89

0.80%

0.82% -22,259.08
06/03/2025 05/03/2025 0.57 978,320.00 1.04%

4.57%4.57%
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 98.007
575.92

0.60%

0.61% -4,882.85
06/10/2025 0.60 240,117.15 0.26%

3.94%
STOCKMAN BK MT US RT 1,470.00 3.94%00.6000% MAT 06/10/25FIXED RATE CD /MT CD
2,000,000 2,000,000.00 97.702
4,500.00

0.60%

0.61% -45,960.00
06/16/2025 0.61 1,954,040.00 2.08%

4.37%
12,000.00 4.37%

NR/NR/NR
FFCB BOND 00.600 % DUE Aaa/AA+/AA+061625 DTD 061621 FC12162021 245,000 245,000.00 97.750

52.36 0.65%

0.66% -5,512.50
06/19/2025 0.63 239,487.50 0.26%

4.26%
ENERBANK UT US RT 1,592.50 4.26%00.6500% MAT 06/19/25FIXED RATE CD /UT CD
245,000 245,000.00 97.750

48.33 0.60%

0.61% -5,512.50
06/19/2025 0.63 239,487.50 0.26%

4.21%
MORTON CMNTY BK IL US 1,470.00 4.21%RT 00.6000% MAT 06/19/25FIXED RATE CD /IL CD
245,000 245,000.00 97.687

20.14 0.60%

0.61% -5,666.85
06/26/2025 0.65 239,333.15 0.26%

4.20%
FIRST CAROLINA BK NC US 1,470.00 4.20%RT 00.6000% MAT 06/26/25FIXED RATE CD /NC CD
2,000,000 2,000,000.00 97.591
4,166.67

0.63%

0.64% -48,180.00
06/30/2025 0.65 1,951,820.00 2.08%

4.33%
12,500.00 4.33%

NR/NR/NR
FHLB BOND 00.625 % DUE Aaa/NR/AA+063025 DTD 063021 FC12302021 2,141,000 2,152,348.22 97.913
10,716.90

1.70%

1.74% -56,030.89
07/15/2025 06/15/2025 0.69 2,096,317.33 2.24%

4.74%4.74%
100.00
36,397.00

NR/NR/NR
E I DU PONT DE NEMOURS A3/A/A01.700% 071525DTD051520 FC011521CALL@MW+25BPIncludes all fixed-rate securities in the selected portfolio. Average yields and durations exclude Structured Product, Pass-Through, Perpetual Preferred, and Foreign securities.Accrued interest, if any, has been included in the total market value.Report created on: November 01, 2024 Page 23 of 38 Item #4. Page 26
Meeting Date: 12/10/2024 / Packet Page #: 35
Consolidated report prepared for City of Glendora
Bond Holdingsas of October 31, 2024 (continued)Maturing 2025 Effective rating/
Underlying rating
(Mdy/Fitch/S&P) Quantity Coupon
Effective
maturity
Call date/
Call price ($)
Est. annual
income ($)/
Curr. yield (%)
YTM (%)/
YTW (%)
Modified
duration
Market
price ($)
Mkt. value ($)/
Accr. interest ($)
% of
bond
port.

Adjusted
cost basis ($)/
Unreal. g/l ($)
1,000,000 998,500.00 97.252
1,361.11

0.50%

0.51% -25,980.00
07/23/2025 0.71 972,520.00 1.04%

4.38%
5,000.00 4.38%

NR/NR/NR
FHLMC MED TERM NTS Aaa/AA+/NR00.500 % DUE 072325 DTD072320 FC 01232021 245,000 245,000.00 97.237

3.69 0.55%

0.57% -6,769.35
07/30/2025 0.74 238,230.65 0.25%

4.32%
MEDALLION BK UT US RT 1,347.50 4.32%00.5500% MAT 07/30/25FIXED RATE CD /UT CD
1,000,000 999,950.00 97.017
1,069.44

0.50%

0.52% -29,780.00
08/14/2025 11/14/2024 0.77 970,170.00 1.03%

4.40%4.40%
100.00
5,000.00

NR/NR/NR
FNMA NTS 00.500 % DUE Aaa/AA+/AA+081425 DTD 081420 FC02142021 1,000,000 1,020,518.22 99.005
7,125.00

3.38%

3.41% -30,468.22
08/15/2025 05/15/2025 0.76 990,050.00 1.06%

4.67%4.67%
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 96.878

13.42 0.40%

0.41% -7,648.90
08/26/2025 0.82 237,351.10 0.25%

4.29%
COMMUNITY BK TN US RT 980.00 4.29%00.4000% MAT 08/26/25FIXED RATE CD /TN CD
245,000 245,000.00 96.859

8.05 0.40%

0.41% -7,695.45
08/28/2025 0.82 237,304.55 0.25%

4.28%
BANK3 TENNESSEE TN US RT 980.00 4.28%00.4000% MAT 08/28/25FIXED RATE CD /TN CD
988,000 983,948.13 99.711
6,792.50

4.13%

4.14% 1,196.55
08/28/2025 11/28/2024 0.80 985,144.68 1.05%

4.48%4.48%
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 96.860

80.55 0.40%

0.41% -7,693.00
08/29/2025 0.82 237,307.00 0.25%

4.27%
HOME LN INVT BK RI US RT 980.00 4.27%00.4000% MAT 08/29/25FIXED RATE CD /RI CD
2,000,000 2,000,000.00 96.808
1,686.67

0.66%

0.68% -63,840.00
09/15/2025 0.85 1,936,160.00 2.07%

4.43%
13,200.00 4.43%

NR/NR/NR
FFCB BOND 00.660 % DUE Aaa/AA+/AA+091525 DTD 091521 FC03152022 245,000 245,000.00 96.633

24.16 0.40%

0.41% -8,249.15
09/22/2025 12/22/2024 0.89 236,750.85 0.25%

4.25%4.25%
100.00
AMERICAN COMM BK GA 980.00US RT 00.4000% MAT09/22/25 FIXED RATE CD /GA CD
108,000 108,000.00 96.662

40.39 0.35%

0.36% -3,605.04
09/22/2025 0.88 104,394.96 0.11%

4.19%
CHAMBERS BANK AK US RT 378.00 4.19%00.3500% MAT 09/22/25FIXED RATE CD /AK CD
Includes all fixed-rate securities in the selected portfolio. Average yields and durations exclude Structured Product, Pass-Through, Perpetual Preferred, and Foreign securities.Accrued interest, if any, has been included in the total market value.Report created on: November 01, 2024 Page 24 of 38 Item #4. Page 27
Meeting Date: 12/10/2024 / Packet Page #: 36
Consolidated report prepared for City of Glendora
Bond Holdingsas of October 31, 2024 (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 96.669
107.40

0.50%

0.52% -8,160.95
09/29/2025 12/29/2024 0.90 236,839.05 0.25%

4.24%4.24%
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 96.843
145.66

0.70%

0.72% -7,734.65
09/30/2025 03/31/2025 0.90 237,265.35 0.25%

4.25%4.25%
100.00
JPMORGAN CHASE BK OH 1,715.00US RT 00.7000% MAT09/30/25 FIXED RATE CD /OH CD
245,000 245,000.00 100.003
332.26

4.50%

4.50% 7.35
10/20/2025 11/20/2024 0.05 245,007.35 0.26%

4.44%4.50%
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 96.369

32.22 0.60%

0.62% -8,895.95
10/23/2025 11/23/2024 0.97 236,104.05 0.25%

4.40%4.40%
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 96.371
120.00

0.54%

0.56% -72,580.00
10/27/2025 0.97 1,927,420.00 2.06%

4.33%
10,800.00 4.33%

NR/NR/NR
FNMA NTS 00.540 % DUE Aaa/AA+/AA+102725 DTD 102720 FC04272021 2,000,000 2,000,000.00 96.267
5,102.22

0.56%

0.58% -74,660.00
11/17/2025 11/17/2024 1.02 1,925,340.00 2.05%

4.25%4.25%
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 96.218
5,233.33

0.60%

0.62% -75,640.00
11/24/2025 1.04 1,924,360.00 2.05%

4.27%
12,000.00 4.27%

NR/NR/NR
FFCB BOND 00.600 % DUE Aaa/AA+/AA+112425 DTD 112420 FC05242021 245,000 245,000.00 96.006
466.51

0.50%

0.52% -9,785.30
12/15/2025 1.10 235,214.70 0.25%

4.17%
BK HAPOALIM BM NY US RT 1,225.00 4.17%00.5000% MAT 12/15/25FIXED RATE CD /NY CD
Total 2025 44,073,000 1.27% 06/21/2025 $556,338.75

1.29%

4.47%4.47%

0.62$44,152,790.70
$-989,740.70
$43,163,050.00
$120,356.21

46.04%
Includes all fixed-rate securities in the selected portfolio. Average yields and durations exclude Structured Product, Pass-Through, Perpetual Preferred, and Foreign securities.Accrued interest, if any, has been included in the total market value.Report created on: November 01, 2024 Page 25 of 38 Item #4. Page 28
Meeting Date: 12/10/2024 / Packet Page #: 37
Consolidated report prepared for City of Glendora
Bond Holdingsas of October 31, 2024 (continued)Maturing 2026 Effective rating/
Underlying rating
(Mdy/Fitch/S&P) Quantity Coupon
Effective
maturity
Call date/
Call price ($)
Est. annual
income ($)/
Curr. yield (%)
YTM (%)/
YTW (%)
Modified
duration
Market
price ($)
Mkt. value ($)/
Accr. interest ($)
% of
bond
port.

Adjusted
cost basis ($)/
Unreal. g/l ($)
2,000,000 2,000,959.39 95.647
4,122.22

0.70%

0.73% -88,019.39
01/15/2026 1.17 1,912,940.00 2.04%

4.45%
14,000.00 4.45%

NR/NR/NR
JOHN DEERE CPTL CORP A1/A+/A00.700% 011526DTD010721 FC071521 MEDTERM NTS 245,000 245,000.00 100.082
2,567.47

4.25%

4.25% 200.90
02/02/2026 1.20 245,200.90 0.26%

4.17%
MORGAN STANLEY BK UT US 10,412.50 4.17%RT 04.2500% MAT 02/02/26FIXED RATE CD /UT CD
1,200,000 1,200,000.00 93.841
1,733.33

0.80%

0.85% -73,908.00
02/26/2026 02/26/2025 1.28 1,126,092.00 1.20%

5.71%5.71%
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 99.578
2,066.05

3.80%

3.82% -1,033.90
03/11/2026 11/11/2024 1.31 243,966.10 0.26%

4.11%4.11%
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 95.010
2,500.00

0.90%

0.95% -89,660.00
03/11/2026 02/11/2026 1.32 1,900,200.00 2.03%

4.73%4.73%
100.00
18,000.00

NR/NR/NR
CHARLES SCHWAB CORP A2/A/ANTS 00.900% 031126DTD121120 FC031121CALL@MW+10BP 245,000 245,000.00 95.568
230.90

0.80%

0.84% -10,858.40
03/18/2026 12/18/2024 1.36 234,141.60 0.25%

4.12%4.12%
100.00
BMO HARRIS BK NA IL US RT 1,960.0000.8000% MAT 03/18/26FIXED RATE CD /IL CD
245,000 245,000.00 101.254
372.87

5.05%

4.99% 3,072.30
03/20/2026 1.33 248,072.30 0.26%

4.12%
AFFINITY PLUS MN US RT 12,372.50 4.12%05.0500% MAT 03/20/26LICU SHARE CERTIFICATE/MN CD
245,000 245,000.00 101.187
369.18

5.00%

4.94% 2,908.15
03/20/2026 1.33 247,908.15 0.26%

4.12%
VALLEYSTAR CR UN M VA 12,250.00 4.12%US RT 05.0000% MAT03/20/26 LICU SHARECERTIFICATE /VA CD
245,000 245,000.00 101.204
1,006.85

5.00%

4.94% 2,949.80
03/23/2026 1.34 247,949.80 0.26%

4.11%
TECHNOLOGY CREDIT CA US 12,250.00 4.11%RT 05.0000% MAT 03/23/26CREDIT UNION SHARE CERT/CA CD
Includes all fixed-rate securities in the selected portfolio. Average yields and durations exclude Structured Product, Pass-Through, Perpetual Preferred, and Foreign securities.Accrued interest, if any, has been included in the total market value.Report created on: November 01, 2024 Page 26 of 38 Item #4. Page 29
Meeting Date: 12/10/2024 / Packet Page #: 38
Consolidated report prepared for City of Glendora
Bond Holdingsas of October 31, 2024 (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 ($)/
Unreal. g/l ($)
245,000 245,000.00 101.186
1,241.78

5.00%

4.94% 2,905.70
03/24/2026 1.33 247,905.70 0.26%

4.11%
CIBC BANK ILLINOIS IL US RT 12,250.00 4.11%05.0000% MAT 03/24/26FIXED RATE CD /IL CD
245,000 245,000.00 95.670
217.48

0.90%

0.94% -10,608.50
03/25/2026 1.36 234,391.50 0.25%

4.12%
STATE BANK OF INDI NY US 2,205.00 4.12%RT 00.9000% MAT 03/25/26FIXED RATE CD /NY CD
2,000,000 2,000,000.00 95.862
1,750.00

1.05%

1.10% -82,760.00
03/30/2026 N/A 1,917,240.00 2.04%
N/A
21,000.00 N/A

NR/NR/NR
FHLB NTS 1.0500% DUE Aaa/NR/AA+033026 DTD 033021 FC09302021 245,000 245,000.00 95.669

0.00 0.95%

0.99% -10,610.95
03/31/2026 10/31/2024 N/A 234,389.05 0.25%
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 95.549
191.30

0.95%

0.99% -10,904.95
04/16/2026 1.44 234,095.05 0.25%

4.10%
GREENSTATE CREDIT IA US 2,327.50 4.10%RT 00.9500% MAT 04/16/26FIXED RATE CD /IA CD
245,000 245,000.00 95.460

54.37 0.90%

0.94% -11,123.00
04/22/2026 1.44 233,877.00 0.25%

4.10%
TOYOTA FINL SVG BK NV US 2,205.00 4.10%RT 00.9000% MAT 04/22/26FIXED RATE CD /NV CD
2,000,000 2,000,000.00 96.304
4,611.11

0.50%

0.52% -73,920.00
05/15/2026 11/15/2024 N/A 1,926,080.00 2.05%
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 2,001,498.75 95.089
10,605.56

1.15%

1.21% -99,718.75
05/15/2026 04/15/2026 1.49 1,901,780.00 2.03%

4.49%4.49%
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 94.962

85.58 0.85%

0.90% -12,343.10
06/16/2026 12/16/2024 1.61 232,656.90 0.25%

4.06%4.06%
100.00
UBS BANK UT US RT 2,082.5000.8500% MAT 06/16/26FIXED RATE CD /UT CD
245,000 245,000.00 99.180
2,930.94

3.55%

3.58% -2,009.00
06/30/2026 11/30/2024 1.58 242,991.00 0.26%

4.06%4.06%
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 96.254
6,666.67

1.00%

1.04% -74,920.00
06/30/2026 12/30/2024 N/A 1,925,080.00 2.05%
N/AN/A
100.00
20,000.00

NR/NR/NR
FHLB BOND STEP-UP Aaa/NR/AA+1.0000% DUE 063026 DTD063021 FC 12302021Includes all fixed-rate securities in the selected portfolio. Average yields and durations exclude Structured Product, Pass-Through, Perpetual Preferred, and Foreign securities.Accrued interest, if any, has been included in the total market value.Report created on: November 01, 2024 Page 27 of 38 Item #4. Page 30
Meeting Date: 12/10/2024 / Packet Page #: 39
Consolidated report prepared for City of Glendora
Bond Holdingsas of October 31, 2024 (continued)Maturing 2026 Effective rating/
Underlying rating
(Mdy/Fitch/S&P) Quantity Coupon
Effective
maturity
Call date/
Call price ($)
Est. annual
income ($)/
Curr. yield (%)
YTM (%)/
YTW (%)
Modified
duration
Market
price ($)
Mkt. value ($)/
Accr. interest ($)
% of
bond
port.

Adjusted
cost basis ($)/
Unreal. g/l ($)
2,000,000 2,000,000.00 95.773
10,000.00

1.50%

1.57% -84,540.00
06/30/2026 N/A 1,915,460.00 2.04%
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 94.654
577.93

0.70%

0.74% -13,097.70
07/01/2026 1.62 231,902.30 0.25%

4.05%
NEW YORK CMNTY BK NY 1,715.00 4.05%US RT 00.7000% MAT07/01/26 FIXED RATE CD /NY CD
1,000,000 968,385.25 94.547
2,275.00

1.05%

1.11% -22,915.25
08/13/2026 11/13/2024 1.73 945,470.00 1.01%

4.26%4.26%
100.00
10,500.00

NR/NR/NR
FHLB BOND 01.050 % DUE Aaa/NR/AA+081326 DTD 081321 FC02132022 245,000 245,000.00 94.471
161.10

0.80%

0.85% -13,546.05
08/13/2026 1.76 231,453.95 0.25%

4.02%
LIVE OAK BKG CO NC US RT 1,960.00 4.02%00.8000% MAT 08/13/26FIXED RATE CD /NC CD
2,000,000 2,000,000.00 94.720
4,152.78

1.15%

1.21% -105,600.00
08/26/2026 N/A 1,894,400.00 2.02%
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 93.041
3,733.33

1.05%

1.13% -139,180.00
08/27/2026 08/27/2025 1.76 1,860,820.00 1.98%

5.10%5.10%
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 93.930
1,723.33

0.94%

1.00% -121,400.00
09/28/2026 1.85 1,878,600.00 2.00%

4.29%
18,800.00 4.29%

NR/NR/NR
FFCB NTS 00.940 % DUE Aaa/AA+/AA+092826 DTD 092821 FC03282022 1,000,000 982,052.13 94.223

0.00 1.13%

1.19% -39,822.13
10/31/2026 1.94 942,230.00 1.00%

4.17%
11,250.00 4.17%

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 94.460
1,235.07

1.15%

1.22% -13,573.00
11/24/2026 2.00 231,427.00 0.25%

3.97%
CAPITAL ONE BK USA VA US 2,817.50 3.97%RT 01.1500% MAT 11/24/26FIXED RATE CD /VA CD
245,000 245,000.00 94.460
1,235.07

1.15%

1.22% -13,573.00
11/24/2026 2.00 231,427.00 0.25%

3.97%
CAPITAL ONE NA VA US RT 2,817.50 3.97%01.1500% MAT 11/24/26FIXED RATE CD /VA CD
Total 2026 27,365,000 1.22% 06/05/2026 $330,110.00

1.26%

4.51%4.51%

1.53$27,307,755.52
$-1,207,608.22
$26,100,147.30
$68,417.27

27.84%
Includes all fixed-rate securities in the selected portfolio. Average yields and durations exclude Structured Product, Pass-Through, Perpetual Preferred, and Foreign securities.Accrued interest, if any, has been included in the total market value.Report created on: November 01, 2024 Page 28 of 38 Item #4. Page 31
Meeting Date: 12/10/2024 / Packet Page #: 40
Consolidated report prepared for City of Glendora
Bond Holdingsas of October 31, 2024 (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 94.856
9,711.11

1.84%

1.94% -102,880.00
01/26/2027 2.14 1,897,120.00 2.02%

4.28%
36,800.00 4.28%

NR/NR/NR
FFCB BOND 01.840 % DUE Aaa/AA+/AA+012627 DTD 012622 FC07262022 2,000,000 2,000,000.00 94.583
8,010.00

1.78%

1.88% -108,340.00
02/10/2027 11/10/2024 2.18 1,891,660.00 2.02%

4.30%4.30%
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 99.991
2,391.27

4.75%

4.75% -22.05
02/17/2027 11/17/2024 2.15 244,977.95 0.26%

4.75%4.75%
100.00
BOKF NA OK US RT 11,637.5004.7500% MAT 02/17/27FIXED RATE CD /OK CD
245,000 245,000.00 95.031
342.33

1.70%

1.79% -12,174.05
02/18/2027 2.25 232,825.95 0.25%

3.96%
METRO CREDIT UNION MA 4,165.00 3.96%US RT 01.7000% MAT02/18/27 LICU SHARECERTIFICATE /MA CD
245,000 245,000.00 95.043
148.34

1.70%

1.79% -12,144.65
02/18/2027 2.25 232,855.35 0.25%

3.96%
PENTAGON FED CREDI VA US 4,165.00 3.96%RT 01.7000% MAT 02/18/27CREDIT UNION SHARE CERT/VA CD
3,215,000 3,075,098.40 94.991
11,847.28

2.01%

2.12% -21,137.75
02/25/2027 11/25/2024 2.22 3,053,960.65 3.26%

4.30%4.30%
100.00
64,621.50

NR/NR/NR
FHLB BOND 02.010 % DUE Aaa/NR/AA+022527 DTD 022522 FC08252022 245,000 245,527.61 95.665
792.05

2.00%

2.09% -11,148.36
03/02/2027 2.24 234,379.25 0.25%

3.96%
EAGLEMARK SVGS BK NV US 4,900.00 3.96%RT 02.0000% MAT 03/02/27FIXED RATE CD /NV CD
245,000 245,000.00 98.149
3,436.71

3.20%

3.26% -4,534.95
05/24/2027 2.40 240,465.05 0.26%

3.97%
DISCOVER BANK DE US RT 7,840.00 3.97%03.2000% MAT 05/24/27FIXED RATE CD /DE CD
245,000 245,000.00 101.857
504.77

4.70%

4.61% 4,549.65
06/15/2027 2.46 249,549.65 0.27%

3.95%
ESSENTIAL FED CRED LA US 11,515.00 3.95%RT 04.7000% MAT 06/15/27LICU SHARE CERTIFICATE /LA CD
245,000 245,000.00 98.251
349.04

3.25%

3.31% -4,285.05
06/15/2027 2.50 240,714.95 0.26%

3.95%
LAFAYETTE FED CRED MD US 7,962.50 3.95%RT 03.2500% MAT 06/15/27LICU SHARE CERTIFICATE/MD CD
245,000 245,000.00 100.070
2,757.76

4.95%

4.95% 171.50
08/09/2027 11/09/2024 0.02 245,171.50 0.26%

2.09%4.92%
100.00
CAPE COD FIVE CENT MA US 12,127.50RT 04.9500% MAT 08/09/27FIXED RATE CD /MA CD
Includes all fixed-rate securities in the selected portfolio. Average yields and durations exclude Structured Product, Pass-Through, Perpetual Preferred, and Foreign securities.Accrued interest, if any, has been included in the total market value.Report created on: November 01, 2024 Page 29 of 38 Item #4. Page 32
Meeting Date: 12/10/2024 / Packet Page #: 41
Consolidated report prepared for City of Glendora
Bond Holdingsas of October 31, 2024 (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 ($)/
Unreal. g/l ($)
Total 2027 9,175,000 2.21% 02/28/2027 $201,334.00

2.30%

4.27%4.19%

2.15 $9,035,626.01
$-271,945.71
$8,763,680.30
$40,290.66

9.35%
Maturing 2028
Effective rating/
Underlying rating
(Mdy/Fitch/S&P) Quantity Coupon
Effective
maturity
Call date/
Call price ($)
Est. annual
income ($)/
Curr. yield (%)
YTM (%)/
YTW (%)
Modified
duration
Market
price ($)
Mkt. value ($)/
Accr. interest ($)
% of
bond
port.

Adjusted
cost basis ($)/
Unreal. g/l ($)
245,000 245,000.00 101.007
939.73

5.00%

4.95% 2,467.15
04/03/2028 04/03/2026 1.37 247,467.15 0.26%

4.27%4.68%
100.00
ARBOR FINL CREDIT MI US RT 12,250.0005.0000% MAT 04/03/28FIXED RATE CD /MI CD
1,500,000 1,494,995.25 97.290
26,283.33

3.80%

3.91% -35,645.25
05/15/2028 02/15/2028 3.21 1,459,350.00 1.56%

4.64%4.64%
100.00
57,000.00

NR/NR/NR
AMEREN ILL CO NTS B/E A1/WD/A03.800% 051528DTD052218 FC111518CALL@MW+15BP 245,000 245,000.00 100.701
604.78

5.30%

5.26% 1,717.45
07/14/2028 07/14/2025 0.69 246,717.45 0.26%

4.28%5.09%
100.00
CY-FAIR FED CREDIT TX US 12,985.00RT 05.3000% MAT 07/14/28FIXED RATE CD /TX CD
245,000 245,000.00 103.700
469.86

5.00%

4.82% 9,065.00
07/17/2028 3.38 254,065.00 0.27%

3.93%
NEW ORLEANS FIREME LA US 12,250.00 3.93%RT 05.0000% MAT 07/17/28FIXED RATE CD /LA CD
1,000,000 983,615.25 97.606
2,157.22

3.88%

3.98% -7,555.25
10/11/2028 3.60 976,060.00 1.04%

4.55%
38,830.00 4.55%

NR/NR/NR
TOTAL CAPITAL SA B/E A1/AA-/A+03.883% 101128DTD101118 FC041119CALL@MW+15BP 219,000 219,000.00 100.000

0.00 4.35%

4.35% 0.00
11/06/2028 11/06/2025 N/A 219,000.00 0.23%
N/AN/A
100.00
FIRST GTY BK HAMMO LA US 9,526.50RT 04.3500% MAT 11/06/28FIXED RATE CD /LA CD
Total 2028 3,454,000 4.14% 07/14/2028 $142,841.50

4.20%

4.59%4.50%

3.00 $3,432,610.50
$-29,950.90
$3,402,659.60
$30,454.92

3.63%
Includes all fixed-rate securities in the selected portfolio. Average yields and durations exclude Structured Product, Pass-Through, Perpetual Preferred, and Foreign securities.Accrued interest, if any, has been included in the total market value.Report created on: November 01, 2024 Page 30 of 38 Item #4. Page 33
Meeting Date: 12/10/2024 / Packet Page #: 42
Consolidated report prepared for City of Glendora
Bond Holdingsas of October 31, 2024 (continued)Maturing 2029 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 ($)/
Unreal. g/l ($)
245,000 244,987.75 100.671
688.01

4.10%

4.07% 1,656.20
02/06/2029 3.90 246,643.95 0.26%

3.93%
WELLS FARGO BK NA SD US 10,045.00 3.93%RT 04.1000% MAT 02/06/29FIXED RATE CD /SD CD
138,000 137,862.00 100.041

95.47 5.05%

5.05% 194.58
02/26/2029 11/26/2024 0.07 138,056.58 0.15%

4.47%5.04%
100.00
FIRST FED BK MO US RT 6,969.0005.0500% MAT 02/26/29FIXED RATE CD /MO CD
245,000 244,755.00 100.072
787.36

5.10%

5.10% 421.40
03/08/2029 11/08/2024 0.02 245,176.40 0.26%

1.81%5.08%
100.00
EATON CMNTY BK MI US RT 12,495.0005.1000% MAT 03/08/29FIXED RATE CD /MI CD
245,000 244,755.00 100.031
453.75

5.20%

5.20% 320.95
04/18/2029 3.93 245,075.95 0.26%

5.19%
LIBERTY BK CT US RT 12,740.00 5.19%05.2000% MAT 04/18/29FIXED RATE CD /CT CD
245,000 245,000.00 100.051
174.52

5.20%

5.20% 124.95
04/26/2029 11/26/2024 0.07 245,124.95 0.26%

4.48%5.19%
100.00
LEADER BK NA MA US RT 12,740.0005.2000% MAT 04/26/29FIXED RATE CD /MA CD
1,000,000 984,595.25 97.611
18,444.44

4.00%

4.10% -8,485.25
05/15/2029 03/15/2029 4.02 976,110.00 1.04%

4.59%4.59%
100.00
40,000.00

NR/NR/NR
UNITED HEALTH GROUP INC A2/A/A+04.000% 051529DTD052022 FC111522CALL@MW+20BP 470,000 442,604.25 94.195
6,746.46

3.25%

3.45% 112.25
05/22/2029 02/22/2029 4.10 442,716.50 0.47%

4.68%4.68%
100.00
15,275.00

NR/NR/NR
CHARLES SCHWAB CORP B/E A2/A/A03.250% 052229DTD052219 FC112219 1,000,000 971,415.25 94.654
13,222.22

3.50%

3.70% -24,875.25
06/15/2029 03/15/2029 4.14 946,540.00 1.01%

4.80%4.80%
100.00
35,000.00

NR/NR/NR
PACIFICORP B/E 03.500% A2/NR/A061529 DTD030119FC061519 CALL@MW+15BP 1,000,000 0.00 100.398
17,254.17

5.05%

5.03% 1,003,980.00
06/26/2029 12/26/2025 1.09 1,003,980.00 1.07%

4.69%4.95%
100.00
50,500.00

NR/NR/NR
FNMA NTS 05.050 % DUE Aaa/AA+/AA+062629 DTD 062824 FC12262024 1,000,000 1,000,733.89 99.954
8,583.33

5.15%

5.15% -1,193.89
08/27/2029 02/27/2025 4.19 999,540.00 1.07%

5.16%5.16%
100.00
51,500.00

NR/NR/NR
FHLMC NTS 05.150 % DUE Aaa/AA+/AA+082729 DTD 083024 FC02272025 245,000 245,000.00 100.085
123.51

4.60%

4.60% 208.25
08/27/2029 02/27/2025 0.32 245,208.25 0.26%

4.34%4.58%
100.00
STAR FINL BK IN US RT 11,270.0004.6000% MAT 08/27/29FIXED RATE CD /IN CD
Includes all fixed-rate securities in the selected portfolio. Average yields and durations exclude Structured Product, Pass-Through, Perpetual Preferred, and Foreign securities.Accrued interest, if any, has been included in the total market value.Report created on: November 01, 2024 Page 31 of 38 Item #4. Page 34
Meeting Date: 12/10/2024 / Packet Page #: 43
Consolidated report prepared for City of Glendora
Bond Holdingsas of October 31, 2024 (continued)Maturing 2029 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 ($)/
Unreal. g/l ($)
1,000,000 997,555.25 99.431
2,055.56

4.63%

4.65% -3,245.25
10/15/2029 04/15/2025 4.37 994,310.00 1.06%

4.75%4.75%
100.00
46,250.00

NR/NR/NR
FHLB NTS 04.625 % DUE Aaa/NR/AA+101529 DTD 101524 FC04152025 Total 2029 6,833,000 4.47% 06/28/2029 $304,784.00

4.53%

4.84%4.63%

3.17 $5,759,263.64
$969,218.94
$6,728,482.58
$68,628.80

7.18%
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 ($)

4.51%4.48%
04/06/2026 N/A 1.22$95,275,215.46 N/A $93,759,203.76
$-1,516,011.70
96,521,000

1.73% $360,807.35 Total Bond Portfolio 1.70% $1,624,332.25 100% $94,120,011.11
Includes all fixed-rate securities in the selected portfolio. Average yields and durations exclude Structured Product, Pass-Through, Perpetual Preferred, and Foreign securities.Accrued interest, if any, has been included in the total market value.Report created on: November 01, 2024 Page 32 of 38 Item #4. Page 35
Meeting Date: 12/10/2024 / Packet Page #: 44
Important Information About This Report Disclosures Applicable to Accounts at UBS Financial Services Inc.

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

Time-weighted Returns for accounts / SWP/AAP sleeves (Monthly periods): The report displays a timeweighted rate of return (TWR) that is calculated using the Modified Dietz Method. This calculation uses thebeginning and ending portfolio values for the month and weighs each contribution/withdrawal based upon theday the cash flow occurred. Periods greater than one month are calculated by linking the monthly returns. TheTWR gives equal weighting to every return regardless of amount of money invested, so it is an effective measurefor returns on a fee based account. All periods shown which are greater than 12 months are annualized. Thisapplies to all performance for all assets before 09/30/2010, Advisory assets before 12/31/2010 and SWP sleevesbefore 04/30/2018.Time-weighted Returns for accounts / SWP/AAP sleeves (Daily periods): The report displays a timeweighted rate of return (TWR) that is calculated by dividing the portfolio's daily gain/loss by the previous day'sclosing market value plus the net value of cash flows that occurred during the day, if it was positive. The TWRgives equal weighting to every return regardless of amount of money invested, so it is an effective measure forreturns on a fee based account. Periods greater than one day are calculated by linking the daily returns. Allperiods shown which are greater than 12 months are annualized. For reports generated prior to 01/26/2018, theperformance calculations used the account's end of day value on the performance inception (listed in the reportunder the column "ITD") and all cash flows were posted at end of day. As a result of the change, the overallrate of return (TWR) and beginning market value displayed can vary from prior generated reports. This applies toall performance for all assets on or after 09/30/2010, Advisory assets on or after 12/31/2010, SWP/AAP sleeveson or after 04/30/2018 as well as all Asset Class and Security level returns.Money-weighted returns: Money-weighted return (MWR) is a measure of the rate of return for an asset orportfolio of assets. It is calculated by finding the daily Internal Rate of Return (IRR) for the period and thencompounding this return by the number of days in the period being measured. The MWR incorporates the sizeand timing of cash flows, so it is an effective measure of returns on a portfolio.Annualized Performance: All performance periods greater than one year are calculated (unless otherwisestated) on an annualized basis, which represents the return on an investment multiplied or divided to give acomparable one year return.Cumulative Performance: A cumulative return is the aggregate amount that an investment has gained or lostover time, independent of the period of time involved.Net of Fees and Gross of Fees Performance: Performance is presented on a "net of fees" and "gross offees" basis, where indicated. Net returns do not reflect Program and wrap fees prior to 10/31/10 for accountsthat are billed separately via invoice through a separate account billing arrangement. Gross returns do not reflectthe deduction of fees, commissions or other charges. The payment of actual fees and expenses will reduce aclient's return. The compound effect of such fees and expenses should be considered when reviewing returns.For example, the net effect of the deduction of fees on annualized performance, including the compoundedeffect over time, is determined by the relative size of the fee and the account's investment performance. Itshould also be noted that where gross returns are compared to an index, the index performance also does notreflect any transaction costs, which would lower the performance results. Market index data maybe subject toreview and revision.Benchmark/Major Indices: The past performance of an index is not a guarantee of future results. Anybenchmark is shown for informational purposes only and relates to historical performance of market indices andnot the performance of actual investments. Although most portfolios use indices as benchmarks, portfolios areactively managed and generally are not restricted to investing only in securities in the index. As a result, your Report created on: November 01, 2024 Page 33 of 38
Item #4. Page 36
Meeting Date: 12/10/2024 / Packet Page #: 45
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. The benchmark index is selected from among the indices for which UBSFS haslicensing agreements with the index provider. UBSFS does not have licensing agreements for all available indices.The benchmarks may vary from those used by the Money Manager or those listed in the prospectus. Further,there is no guarantee that an investor's account will meet or exceed the stated benchmark. Index performanceinformation has been obtained from third parties deemed to be reliable. We have not independently verified thisinformation, nor do we make any representations or warranties to the accuracy or completeness of thisinformation.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 its holdings.For alternative investments and strategies that are highly customized, such as Concentrated Equity Solutions(CES), benchmarks are broad market indices included for general reference and are not intended to showcomparative market performance or potential portfolios with risk or return profiles similar to your account.Benchmark indices are shown for illustrative 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 securities contributions 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.

Report created on: November 01, 2024 Page 34 of 38
Item #4. Page 37
Meeting Date: 12/10/2024 / Packet Page #: 46
Disclosures Applicable to Accounts at UBS Financial Services Inc. (continued) 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 ofexchange 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 which there 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 assets Report created on: November 01, 2024 Page 35 of 38
Item #4. Page 38
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Disclosures Applicable to Accounts at UBS Financial Services Inc. (continued) are 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.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 the report 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 theunderlying 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, not Report created on: November 01, 2024 Page 36 of 38
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Meeting Date: 12/10/2024 / Packet Page #: 48
Disclosures Applicable to Accounts at UBS Financial Services Inc. (continued) including accrued interest.Tax Status: "Taxable" includes all securities held in a taxable account that are subject to federal and/or state orlocal taxation. "Tax-exempt" includes all securities held in a taxable account that are exempt from federal, stateand local taxation. "Tax-deferred" includes all securities held in a tax-deferred account, regardless of the statusof the security.Bond sensitivity analysis: This analysis uses Modified Duration which approximates the percentage pricechange of a security for a given change in yield. The higher the modified duration of a security, the higher itsrisk.  For callable securities, modified duration does not address the impact of changing interest rates on abond's expected cash flow as a result of a call or prepayment.Amortization and Accretion: Prior to March 2008, amortization was calculated using the straight line methodfor tax exempt securities and was not calculated for taxable securities. Post March 2008, amortization iscalculated using the constant yield method. Prior to October 2008, accretion due to original issue discount wasnot calculated. Post October 2008, accretion due to original issue discount is calculated using the constant yieldmethod.  Prior to January 2015, accretion due to market discount was calculated using the straight linemethod. Post January 2015, accretion due to market discount is calculated using the constant yield method. We assume the securities are held to par and premiums are calculated to call date. Amortization and accretionvalues may be incorrect due to adjustments related to cost basis. You may hold additional fixed income securitiesthat may not appear on this report. Please refer to your account statements for information regarding all of yourholdings.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 the account is a donor advised fund account, the assets in thoseaccounts are owned by the Sponsoring Charitable Organization, and not the donor. You and your financialadvisor have procured the appropriate authorization to view the assets in the donor advised fund account. If anaccount number begins with "@" this denotes assets or liabilities held at other financial institutions. Informationabout these assets, including valuation, account type and cost basis, is based on the information you provided tous, or provided to us by third party data aggregators or custodians at your direction. We have not verified, andare not responsible for, the accuracy or completeness of this information.Account name(s) displayed in this report and labels used for groupings of accounts can be customizable"nicknames" chosen by you to assist you with your recordkeeping or may have been included by your financialadvisor for reference purposes only. The names used have no legal effect, are not intended to reflect anystrategy, product, recommendation, investment objective or risk profile associated with your accounts or anygroup of accounts, and are not a promise or guarantee that wealth, or any financial results, can or will beachieved. All investments involve the risk of loss, including the risk of loss of the entire investment.

For more information about account or group names, or to make changes, contact your Financial Advisor.Account changes: At UBS, we are committed to helping you work toward your financial goals. So that we maycontinue providing you with financial advice that is consistent with your investment objectives, please considerthe following two questions:1) Have there been any changes to your financial situation or investment objectives?2) Would you like to implement or modify any restrictions regarding the management of your account?If the answer to either question is "yes," it is important that you contact your Financial Advisor as soon aspossible to discuss these changes. For MAC advisory accounts, please contact your investment manager directlyif you would like to impose or change any investment restrictions on your account.ADV disclosure: A complimentary copy of our current Form ADV Disclosure Brochure that describes theadvisory program and related fees is available through your Financial Advisor. Please contact your FinancialAdvisor if you have any questions.Important information for former Piper Jaffray and McDonald Investments clients: As anaccommodation to former Piper Jaffray and McDonald Investments clients, these reports include performancehistory for their Piper Jaffray accounts prior to August 12, 2006 and McDonald Investments accounts prior toFebruary 9, 2007, the date the respective accounts were converted to UBS FS. UBS FS has not independentlyverified this information nor do we make any representations or warranties as to the accuracy or completenessof that information and will not be liable to you if any such information is unavailable, delayed or inaccurate.For insurance, annuities, and 529 Plans, UBS FS relies on information obtained from third party services 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. Report created on: November 01, 2024 Page 37 of 38 Item #4. Page 40
Meeting Date: 12/10/2024 / Packet Page #: 49
Disclosures Applicable to Accounts at UBS Financial Services Inc. (continued) UBS Financial Services account protectionThe Firm is a member of the Securities Investor Protection Corporation (SIPC), which protects securitiescustomers of its members up to $500,000 (including $250,000 for claims for cash). Explanatory brochureavailable upon request or at www.sipc.org. The SIPC asset protection limits apply to all accounts that you hold ina particular capacity.The Firm, together with certain affiliates, has also purchased supplemental insurance. The maximum amountpayable to all eligible clients, collectively under this protection is $500 million as of December 10, 2019. Subjectto the policy conditions and limitations, cash at the Firm is further protected for up to $1.9 million in theaggregate for all your accounts held in a particular capacity. A full copy of the policy wording is available uponrequest.Neither the SIPC protection nor the supplemental protection apply to:
• Certain financial assets controlled by (and included in your account value) but held away from UBS Financial Services. For example certain (i) insurance products, including variable annuities,and (ii) shares of mutual funds registered in the name of the account holder on the books ofthe issuer or transfer agent); • Investment contracts or investment interests (e.g., limited partnerships and private placements) that are not registered under the Securities Act of 1933; • Commodities contracts (e.g., foreign exchange and precious metal contracts), including futures contracts and commodity option contracts;
• Securities on loan to UBS Financial Services; and• Deposit accounts (except certificates of deposit) at UBS Bank USA, UBS AG U.S. branches and banks in the FDIC Insured Deposit Program.

The SIPC protection and the supplemental protection do not apply to these assets even if they otherwise appearon your statements. The SIPC protection and the supplemental protection do not protect against changes in themarket value of your investments (whether as a result of market movement, issuer bankruptcy or otherwise).Non-UBS Assets and Liabilities: This report is not intended to provide you with consolidated information orreporting regarding your holdings at other firms. However, at your request, this report may include informationregarding assets that you hold at other financial institutions so that you may review your asset allocation and/orinvestment strategy in the context of your overall holdings. You should review and maintain the originaldocuments for these assets, such as the statements for individual accounts held away from UBS. Thosedocuments may contain notices, disclosures and other information important to you, and may also serve as areference should questions arise regarding the accuracy of that information as presented in this report.The information presented for accounts held at other financial institutions has been provided to UBS at yourdirection through your agreement with an Outside Asset Data Aggregation Service. These accounts have beenadded to this report at your request and are automatically updated to reflect the most recent data received fromthe custodian. Information may have also been provided based on documents and valuation you provided toyour Financial Advisor. These accounts have been added to this report at your request and may not reflect thecurrent valuation.If an account number begins with "@" this denotes assets or liabilities held at other financial institutions.

Information about these assets, including valuation, account type and cost basis, is based on the information youprovided to us, or provided to us by third party data aggregators or custodians at your direction. We have notverified, and are not responsible for, the accuracy or completeness of this information.If the information you or your custodians provided to us is not current, inclusion of these assets will impact theaccuracy of the current asset allocation and other analysis presented. We do not provide purchase, sale or holdrecommendations or advice with respect to your assets at other firms and do not assume responsibility foractivity you conduct at other financial institutions.UBS’s SIPC coverage applies to assets held at UBS. If you maintain assets at other firms that may be SIPCmembers, you should contact their financial representative or the other entity or refer to the other entitysstatement regarding SIPC membership. Your UBS Financial Services Inc. account statements are the only officialrecord of your UBS holdings and account and are not replaced, amended or superseded by any of theinformation presented in this report.Assets that you hold at other financial institutions are priced using the closing price reported on the last businessday preceding the date of this report. Every reasonable attempt has been made to accurately price securities;however, we make no warranty with respect to any security’s price. To determine the value of securities in youraccount, we generally rely on third party quotation services. If a price is unavailable or believed to be unreliable,we may determine the price in good faith and may use other sources such as the last recorded transaction.When securities are held at another custodian or if you hold illiquid or restricted securities for which there is nopublished price, we will generally rely on the value provided by the custodian or issuer of that security.The value of assets held at other financial institutions is based on the "Last Refresh Date" displayed. Up todate valuation and information can be obtained directly from the custodian of your assets. The accountstatements you receive from your third party custodian regarding the assets you hold with them are the officialrecord of your holdings and accounts and are not impacted or superseded by the information in this report.Account balances and security pricing will always display in U.S. Dollars even if assets in your Outside Accountsare denominated in other currencies. UBS will convert any values received in the Outside Account Information toU.S. Dollars using foreign exchange rates from UBS as of the previous business.

Report created on: November 01, 2024 Page 38 of 38
Item #4. Page 41
Meeting Date: 12/10/2024 / Packet Page #: 50
City of Glendora | Administrative Services
MEMO
DATE: November 12, 2024
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 and Glendora Successor Agency Investment Report for October 2024
Pursuant to Section 19 of the City of Glendora’s 2024-2025 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 November 2024 has been canceled as decided by the City Council. To be compliant with the City’s policy and the California Government code, the October 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 for December 10, 2024.

The City’s book value of cash and investments for October 2024 totaled $119,269,230. This is a decrease of $1,150,671 (0.97%) compared to the previous month. The decrease is generally due to the purchase of a new vacuum excavator totaling $735 thousand and a payment to Glendora Unified School District for pool improvements totaling $600 thousand.

In the month of October, there were four investment purchases (consisting of Federal Agencies, Medium-Term Corporate Notes, and Certificates of Deposit) totaling $3,219,000; there were five securities that matured for $4,639,000, resulting in neither a gain nor a loss.

The Medium-Term Corporate Notes includes the purchase of an international corporate note for Total Capital SA B/E which is not in compliance with the City’s investment policy. This has been addressed with UBS the City’s custodian and investment broker/dealer. UBS is taking ownership of this instance of non-compliance as it was included on the list of potential investments for the City’s consideration which only listed it as Corporate. This instance of non-compliance was identified by the City’s internal controls during Finance’s review of the monthly investment report and the trade will be canceled at no cost to the City, this action will be reflected on the November investment report.

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

Item #4. Page 42
Meeting Date: 12/10/2024 / Packet Page #: 51

STAFF REPORT
TO: Mayor and Council Members DATE: December 10, 2024
FROM: Public Works DISTRICT(S): Citywide
SUBJECT: Notice of Completion for Route 66 Sidewalk and Curb Ramp Rehabilitation Project, Plan No. 1377, and Lone Hill Ave Sidewalk and Curb Ramp Rehabilitation Project, Plan No. 1381

RECOMMENDATION
That the City Council:

1. Accept the completion of Route 66 Sidewalk and Curb Ramp Rehabilitation Project, Plan No. 1377 and Lone Hill Ave Sidewalk and Curb Ramp Rehabilitation Project, Plan No. 1381 by CJ Concrete Construction, Inc.;

2. Approve the final contract amount of $372,884;

3. Authorize the Mayor to sign and file the Notice of Completion with the County of Los Angeles Registrar-Recorder;

4. Authorize the Public Works Director to release the project retention in the amount of $18,644.20 to CJ Concrete Construction, Inc. 35 days following recordation of the Notice of Completion;

5. Authorize the release of the Labor and Materials bond in the amount of $373,750, six months after recordation of the Notice of Completion, if no claims have been received; and

6. Authorize the release of the Faithful Performance bond one-year after recordation of the Notice of Completion if the improvements remain free from defects in materials and workmanship.

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

EXECUTIVE SUMMARY
Route 66 Sidewalk and Curb Ramp Rehabilitation Project, Plan No. 1377 and Lone Hill Ave Sidewalk and Curb Ramp Rehabilitation Project, Plan No. 1381 included construction of ADA compliant curb ramps, repairing PCC sidewalks, and re-establishment of affected survey monuments. The work was done throughout the City of Glendora. Construction was completed by CJ Concrete Construction, Inc., for a total construction cost of $372,884.00, with the final invoice (less retention) paid November 15, 2024.

Staff recommends that City Council accepts the completion of the Route 66 Sidewalk and Curb Ramp Rehabilitation Project, Plan No. 1377 and Lone Hill Ave Sidewalk and Curb Ramp Rehabilitation Project, Plan No. 1381 by CJ Concrete Construction, Inc., and authorize the City Manager to sign the Notice of Completion for recordation.

LEGISLATIVE HISTORY / PREVIOUS ACTIONS
The Route 66 Sidewalk and Curb Ramp Rehabilitation Project, Plan No. 1377 and Lone Hill Ave Sidewalk and Curb Ramp Rehabilitation Project, Plan No. 1381 was award by the City Council at its July 9th, 2024 meeting to CJ Concrete Construction, Inc., in the amount of $373,350.00 with a contingency in the amount of $25,000, for a total construction budget of $398,350.

Item #5. Page 1
Meeting Date: 12/10/2024 / Packet Page #: 52

DISCUSSION
This project consists of removing existing sidewalks with deflections or gaps and constructing ADAcompliant curb ramps and PCC sidewalks. The new curb ramps increase accessibility within the area, allowing residents with various disabilities greater unobstructed movement. The curb ramps were constructed in compliance with the Standard Specifications for Public Works Construction, which adhere to the Americans with Disabilities Act of 1990.

The location was chosen based on the high frequency of pedestrian traffic and necessity for restoration of the historic route. ADA compliant curb ramps already existed in some of the intersections, but were lacking truncated domes, which assist residents with visual disabilities by proving a physical, detectable warning boundary between the sidewalk and crosswalk. All survey monuments, including tie-outs, disturbed by the project were re-established after construction was completed.

Construction began July 22, 2024, and the project was substantially completed November 6, 2024. The final corner record was submitted July 3, 2024, and the final invoice (less retention) was paid Nov 15, 2024. The project is complete, and staff recommends that Council accept the completed project and authorize the City Manager to sign the Notice of Completion for recordation. The City Clerk’s office will record the executed Notice of Completion with Los Angeles County Recorder Office.

Curb Ramp/Sidewalk Repair Examples

Item #5. Page 2
Meeting Date: 12/10/2024 / Packet Page #: 53

FISCAL IMPACT
The Amended FY 2024/25 Mid-Cycle Budget included $435,800 for Citywide Sidewalk Improvements.

The total funding for this project is detailed in the table below:

Project Budget
Description Account No. Project No. Amount
Amended FY 2024/25 Budget 25600990-70000 5524103 $435,800 Total Budget $435,800
The construction contract was awarded by the City Council on July 9, 2024, in the amount of $373,350. In addition, a contingency of $25,000 was approved by City Council. The final project cost, excluding staff time, totaled $372,884 as shown in the table below:

Expenditures
Description Account No. Project No. Amount
Construction 25600990-70000 5524103 $372,884
Total Expenditures $372,884
Remaining Budget $62,916
The remaining budget in the amount of $62,916 will be returned to the RMRA (Fund 256) fund balance to be used for future capital improvement projects.

ENVIRONMENTAL DETERMINATION
The Notice of Exemption was approved by City Council on March 12, 2024.

Prepared By Paul Fisher, Business Services Manager
Concurs With Not Applicable
Reviewed By William Wittkopf, Public Works 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 Jeff Kugel, Community Development Director
ATTACHMENTS:

A. Notice of Completion
Item #5. Page 3
Meeting Date: 12/10/2024 / Packet Page #: 54
Rev. 08/2018
RECORDING REQUESTED BY:

CITY OF GLENDORA
WHEN RECORDED MAIL TO THIS ADDRESS:

CITY CLERK

CITY OF GLENDORA
116 E. Foothill Boulevard
Glendora, CA 91741

SPACE ABOVE THIS LINE RESERVED FOR RECORDER'S USE

NOTICE OF COMPLETION
NOTICE IS HEREBY GIVEN THAT:

1. The undersigned is OWNER or AGENT of the OWNER of the interest or estate stated below in the property hereinafter described.

2. The full name of the OWNER is: CITY OF GLENDORA

3. The full address of the OWNER is: 116 E. Foothill Boulevard, Glendora, CA 91786

4. The nature of the interest or estate of the undersigned is: In Fee

5. A work of improvement on the property hereinafter described was COMPLETED on November 6, 2024

6. The work of improvement completed is described as follows:

Route 66 Sidewalk and Curb Ramp Rehabilitation Project, Plan No. 1377 and
Lone Hill Ave Sidewalk and Curb Ramp Rehabilitation Project, Plan No. 1381

7. The name of the original contractor, if any, for such work of improvement is: CJ Concrete Construction, Inc.

8. The street address of said property is: Various Locations Citywide

9. The property on which said work of improvement was completed is in the City of GLENDORA, County of LOS ANGELES, State of CALIFORNIA, and is described as follows:

Construction of ADA compliant curb ramps, repairing PCC sidewalks with lifts or deflections, and re-establishment of affected survey monuments.

CITY OF GLENDORA
Date: December 10, 2024
(Date) Signature of Owner or agent: MENDELL THOMPSON, Mayor

VERIFICATION
I, the undersigned, declare under penalty of perjury under the laws of the State of California, that I am the Mayor of the City of Glendora of the aforesaid interest or estate in the property described in the above Notice, that I have read the said Notice, that I know and understand the contents thereof, and that the facts stated therein are true and correct. _________________________________ at Glendora, California (Date) (MENDELL THOMPSON
Item #5. Page 4
Meeting Date: 12/10/2024 / Packet Page #: 55

STAFF REPORT
TO: Mayor and Council Members DATE: December 10, 2024
FROM: Public Works DISTRICT(S): Not Applicable
SUBJECT: Notice of Completion for CDBG Funded Curb Ramp Project FY 23-24, Plan No. 1382

RECOMMENDATION
That the City Council:

1. Approve the Plans and Specifications for CDBG Funded Curb Ramp Project FY 23-24, Plan No. 1382;

2. Accept the completion of CDBG Funded Curb Ramp Project FY 23-24, Plan No. 1382 by Kalban, Inc.;

3. Approve the final contract amount of $223,380;

4. Authorize the Mayor to sign and file the Notice of Completion with the County of Los Angeles Registrar-Recorder;

5. Authorize the Public Works Director to release the project retention in the amount of $11,169.00 to Kalban, Inc. 35 days after the recordation of the Notice of Completion;

6. Authorize the release of the Labor and Materials Bond in the amount of $244,680.00, six months after the recordation of the Notice of Completion, if no claims have been received; and

7. Authorize the release of the Faithful Performance Bond one (1) year following recordation of Notice of Completion if the improvements remain free from defects in materials and workmanship.

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

EXECUTIVE SUMMARY
CDBG Funded Curb Ramp Capital Improvements Project, Plan No. 1382 included construction of ADA compliant curb ramps, repairing damaged curb and gutters, and re-establishment of affected survey monuments. The work was done in between Grand Ave and Glendora St, North of Juanita Ave, and between Barranca Ave and Grand Ave, North of Gladstone St. Construction was completed by Kalban, Inc., for a total construction cost of $223,380.00.

Staff recommends that City Council accepts the Notice of Completion for the construction contract for CDBG Funded Curb Ramp Capital Improvements Project, Plan No. 1382 by Kalban, Inc., and authorizes the Mayor to sign the Notice of Completion for recordation.

LEGISLATIVE HISTORY / PREVIOUS ACTIONS
The CBDG Funded Curb Ramp Capital Improvements Project, Plan No. 1382 was award by the City Council at its March 12, 2024, meeting to Kalban, Inc., in the amount of $244,680 with a 10% contingency in the amount of $24,468, for a potential amount of $269,148.

Item #6. Page 1
Meeting Date: 12/10/2024 / Packet Page #: 56

DISCUSSION
This project consists of removing existing sidewalk, curb, and gutter to construct thirty-seven (37) ADA curb ramps and Portland Cement Concrete (PCC) sidewalk on various local streets near the intersections of Grand Ave, Gladstone St, Glendora Ave, and Juanita. These curb ramps will increase accessibility within the area, allowing residents with various disabilities greater unobstructed movement. The curb ramps were constructed in compliance with the Standard Specifications for Public Works Construction, which adhere to the Americans with Disabilities Ave of 1990 (ADA).

Construction began April 29, 2024, and the last concrete poured May 7, 2024. The final corner record was submitted July 3, 2024. The project is complete, and staff recommends that Council accept the completed project and authorize the Mayor to sign the Notice of Completion for recordation. The City Clerk’s office will record the executed Notice of Completion with Los Angeles County Recorder Office.

Curb Ramp Examples

FISCAL IMPACT
The Amended FY 2023/24 budget included $269,993 for the CDBG Funded Curb Ramp Project. The total funding for this project is detailed in the table below:

Project Budget
Description Account No. Project No. Amount
Adopted FY 2023/24 Budget 28500990-70000 5524101 $240,000 Additional Appropriation 28500990-70000 5524101 $29,993 Total Budget $269,993
The construction contract was awarded by the City Council on March 12, 2024, in the amount of $244,680. In addition, a 10% contingency of $24,468 was approved by City Council. The additional appropriation of $29,993 was approved concurrently with the award of the construction contract. The final project cost, excluding City staff time, totaled $223,380 as shown below:

Expenditures
Description Account No. Project No. Amount
Advertising/Legal Notice 28500990-70000 5524101 $385
Environmental 28500990-70000 5524101 $75
Construction 28500990-70000 5524101 $223,380
Total Expenditures $223,840
Remaining Budget $46,153
Item #6. Page 2
Meeting Date: 12/10/2024 / Packet Page #: 57
The remaining budget in the amount of $46,153 will be returned to the Community Development Block Grant (Fund 285) fund balance to be used for future capital improvement projects.

ENVIRONMENTAL DETERMINATION
The Notice of Exemption was approved by City Council concurrent with award of this project on March 12, 2024.

Prepared By Paul Fisher, Business Services Manager
Concurs With Not Applicable
Reviewed By William Wittkopf, Public Works 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. Notice of Completion, Plan 1382
Item #6. Page 3
Meeting Date: 12/10/2024 / Packet Page #: 58
Rev. 08/2018
RECORDING REQUESTED BY:

CITY OF GLENDORA
WHEN RECORDED MAIL TO THIS ADDRESS:

CITY CLERK

CITY OF GLENDORA
116 E. Foothill Boulevard
Glendora, CA 91741

SPACE ABOVE THIS LINE RESERVED FOR RECORDER'S USE

NOTICE OF COMPLETION
NOTICE IS HEREBY GIVEN THAT:

1. The undersigned is OWNER or AGENT of the OWNER of the interest or estate stated below in the property hereinafter described.

2. The full name of the OWNER is: CITY OF GLENDORA

3. The full address of the OWNER is: 116 E. Foothill Boulevard, Glendora, CA 91786

4. The nature of the interest or estate of the undersigned is: In Fee

5. A work of improvement on the property hereinafter described was COMPLETED on November 6, 2024

6. The work of improvement completed is described as follows:

Route 66 Sidewalk and Curb Ramp Rehabilitation Project, Plan No. 1377 and
Lone Hill Ave Sidewalk and Curb Ramp Rehabilitation Project, Plan No. 1381

7. The name of the original contractor, if any, for such work of improvement is: CJ Concrete Construction, Inc.

8. The street address of said property is: Various Locations Citywide

9. The property on which said work of improvement was completed is in the City of GLENDORA, County of LOS ANGELES, State of CALIFORNIA, and is described as follows:

Construction of ADA compliant curb ramps, repairing PCC sidewalks with lifts or deflections, and re-establishment of affected survey monuments.

CITY OF GLENDORA
Date: December 10, 2024
(Date) Signature of Owner or agent: MENDELL THOMPSON, Mayor

VERIFICATION
I, the undersigned, declare under penalty of perjury under the laws of the State of California, that I am the Mayor of the City of Glendora of the aforesaid interest or estate in the property described in the above Notice, that I have read the said Notice, that I know and understand the contents thereof, and that the facts stated therein are true and correct. _________________________________ at Glendora, California (Date) (MENDELL THOMPSON
Item #6. Page 4
Meeting Date: 12/10/2024 / Packet Page #: 59

STAFF REPORT
TO: Mayor and Council Members DATE: December 10, 2024
FROM: Community Development DISTRICT(S): Citywide
SUBJECT: Approve a Proposition A discretionary incentive grant program Memorandum of Understanding (MOU) for collecting and reporting data for the National Transit Database for Report Year 2022

RECOMMENDATION
That the City Council:

1. Authorize the City Manager to execute the Proposition A Discretionary Incentive Grant Program Memorandum of Understanding for Collecting and Reporting Data for the National Transit Database for Report Year 2022; and

2. Approve the necessary budget adjustments to increase estimated revenues and appropriate funds to Fund 231 – Proposition A Account 23160430.35204 in the amount of $11,485 for additional NTD funding.

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

EXECUTIVE SUMMARY
Every fiscal year, the City of Glendora submits transit operations data to the Federal Transit Administration’s National Transit Database (NTD). The data submitted by the City of Glendora helps generate federal funding apportionments for Los Angeles County. However, since the City of Glendora is not a direct recipient, the City of Glendora is generally unable to access those federal funds. To encourage and reward cities which voluntarily report operations data to NTD, the Los Angeles County Metropolitan Transportation Authority (LACMTA) instead suballocates Proposition A funds in a like amount to cities for public transit projects and programs. The City of Glendora has been receiving these funds annually for many years.

LEGISLATIVE HISTORY / PREVIOUS ACTIONS
In 1980, Los Angeles County voters approved Proposition A, establishing a half-cent sales tax for public transit purposes. In 2001, the LACMTA authorized the Proposition A Discretionary Incentive Program to encourage non-direct recipients of federal transportation funds to complete the annual National Transit Database (NTD) reporting. Under this program, the City of Glendora is entitled to its share of the annual apportionment generated by the submitted NTD for Los Angeles County. The MOU presented here is annually approved by the City Council, with the latest approval on October 24, 2023.

DISCUSSION
To continue to receive these funds, the City must sign the attached MOU (Attachment A). The MOU covers the reporting period from Fiscal Year 2022. The FTA conducts an audit and review to confirm the validity of the data as well as determining apportionment values. Under the MOU, the City of Glendora is entitled to $61,485 from FY2022 reporting year.

Item #7. Page 1
Meeting Date: 12/10/2024 / Packet Page #: 60

FISCAL IMPACT
In the adopted FY 2025 Budget, staff estimated $50,000 per year from Proposition A Incentive Funding.

Based on the MOU, the revenue line for NTD reporting can be increased to $61,485. Staff is recommending approval to make the necessary budget adjustments to increase revenues and appropriations for the additional funding. These funds are used for operations, maintenance, and capital costs for the Transportation Division.

ENVIRONMENTAL DETERMINATION
Not applicable.

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

A. FY24 Prop A Incentive NTD MOU
Item #7. Page 2
Meeting Date: 12/10/2024 / Packet Page #: 61
MOUPAIGLDO24000

PROPOSITION A DISCRETIONARY INCENTIVE GRANT PROGRAM

MEMORANDUM OF UNDERSTANDING

FOR COLLECTING AND REPORTING DATA FOR THE

NATIONAL TRANSIT DATABASE
FOR REPORT YEAR 2022
This Memorandum of Understanding (MOU) is entered into as of May 1, 2024 by and between Los Angeles County Metropolitan Transportation Authority (“LACMTA”) and the City of Glendora (the “City”).

WHEREAS, on November 14, 1980, the voters of the County of Los Angeles approved by majority vote Proposition A, an ordinance establishing a one-half percent sales tax for public transit purposes; and
WHEREAS, at its September 26, 2001 meeting, the LACMTA authorized payment of Proposition A Discretionary Incentive funds to each participating agency in an amount equal to the Federal funds generated for the region by each agency’s reported data; and WHEREAS, at its June 22, 2023 meeting, LACMTA approved the Fiscal Year FY 2023-24 transit fund allocations, which included funds to make payments to all cities that voluntarily reported NTD data for FY 2021-22; and
WHEREAS, the City has voluntarily submitted their FY2021-22 data to the National Transit Database (NTD) and have successfully met all NTD and Federal Transit Administration (FTA) requirements in order to generate Federal 5307 funds for the Los Angeles County region; and
WHEREAS, the City has requested funds under the Proposition A Discretionary Incentive Program for collecting and reporting data for the NTD from the FY 2021-22 Report Year (the “Project”); and
WHEREAS, on April 1, 2024, the Federal Transit Administration (FTA) published in the Federal Register the FY 2023-24 Apportionments, Allocations, and Program Information including unit values for the data reported to the NTD; and WHEREAS, the parties desire to agree on the terms and conditions for payment for the Project.

NOW, THEREFORE, LACMTA and the City hereby agree to the following terms and procedures:

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ARTICLE 1. TERM

1.0 This Memorandum of Understanding (“MOU”) will be in effect from May 1, 2024, through June 30, 2027 at which time all unused funds shall lapse.

ARTICLE 2. STANDARDS

2.0 To receive payment for the submittal of the FY 2021-22 NTD statistics, the City warrants that it:

A. Adhered to the Federal Guidelines for collecting and Reporting NTD statistics including all audit requirements;
B. Prepared and submitted the FY 2021-22 ANNUAL NTD REPORT of the City’s fixed-route and/or demand response transit service to the NTD on or before October 31, 2022;
C. Prepared and submitted the FY 2021-22 ANNUAL NTD REPORT of the City’s fixed-route and/or demand response transit service to the LACMTA on or before February 15, 2023;
ARTICLE 3. PAYMENT OF FUNDS TO CITY

3.0 LACMTA shall pay the City for collecting and reporting FY 2021-22 NTD statistics.

LACMTA shall pay the City for submitting the FY 2021-22 ANNUAL NTD REPORT for the applicable transit services as follows:

MOTOR BUS SERVICE
For City’s motor bus service, LACMTA shall pay an amount equal to the 44,811 revenue vehicle miles reported by the City multiplied by the FTA unit value of

0.70102255316358331 per revenue vehicle mile. See Attachment A for detail.

DIAL-A-RIDE SERVICE
For City’s dial-a-ride service, LACMTA shall pay an amount equal to the 42,896 revenue vehicle miles reported by the City multiplied by the FTA unit value of

0.70102255316358331 per revenue vehicle mile. See Attachment A for detail.

3.1 The City shall submit one invoice to LACMTA prior to June 30, 2027, in the amount of $61,485 to receive its payment described above.

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3.2 INVOICE BY CITY:

Send invoice with supporting documentation to:

Los Angeles County Metropolitan Transportation Authority Accounts Payable
P. O. Box 512296
Los Angeles, CA 90051-0296
[email protected]
Re: LACMTA MOU# MOUPAIGLDO24000 M.S. Chelsea Meister (99-4-3) ARTICLE 4. CONDITIONS

4.0 The City agrees to comply with all requirements specified by the FTA guidelines for reporting NTD statistics.

4.1 The City understands and agrees that LACMTA shall have no liability in connection with the City’s use of the funds. The City shall indemnify, defend, and hold harmless LACMTA and its officers, agents, and employees from and against any and all liability and expenses including defense costs and legal fees and claims for damages of any nature whatsoever, arising out of any act or omission of the City, its officers, agents, employees, and subcontractors in performing the services under this MOU.

4.2 The City is not a contractor, agent or employee of LACMTA. The City shall not represent itself as a contractor, agent or employee of LACMTA and shall have no power to bind LACMTA in contract or otherwise.

4.3 The City agrees that expenditure of the Proposition A Discretionary Incentive funds will be used for projects that meet the eligibility, administrative, audit and lapsing requirements of the Proposition A and Proposition C Local Return guidelines most recently adopted by the LACMTA Board.

4.4 These expenditures will be subject to AUDIT as part of LACMTA’s annual Consolidated Audit.

ARTICLE 5. REMEDIES

5.0 LACMTA reserves the right to terminate this MOU and withhold or recoup funds if it determines that the City has not met the requirements specified by the FTA for collecting and submitting NTD statistics through LACMTA.

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ARTICLE 6. MISCELLANEOUS

6.0 This MOU constitutes the entire understanding between the parties, with respect to the subject matter herein.

6.1 The MOU shall not be amended, nor any provisions or breach hereof waived, except in writing signed by the parties who agreed to the original MOU or the same level of authority.

ARTICLE 7. CONTACT INFORMATION

7.0 LACMTA's Address:

Los Angeles County Metropolitan Transportation Authority One Gateway Plaza
Los Angeles, CA 90012
Attention: Chelsea Meister (99-21-3)
[email protected]

7.1 City’s Address:

Glendora
410 E. Dalton Ave
Glendora, CA 91741
Attn: Steven Mateer
[email protected]
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IN WITNESS WHEREOF, the City and LACMTA have caused this MOU to be executed by their duly authorized representatives on the date noted below:

CITY:

City of Glendora Los Angeles County Metropolitan
Transportation Authority
_________________________ By: ___________________________ STEPHANIE N. WIGGINS
Mayor/City Manager Chief Executive Officer
Date: ____________________ Date: _______________________ APPROVED AS TO FORM: APPROVED AS TO FORM:

DAWYN R. HARRISON
County Counsel
By: _____________________ By: ____________________
Legal Counsel Deputy
Date: ____________________ Date: __________________
Item #7. Page 7
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ATTACHMENT A
LACMTA Voluntary NTD Reporting Program for FY22
Using FY24 FTA Formula Programs Apportionment Data Values Jurisdiction MODE
Total Vehicle
Revenue Miles $ from VRM
Tier II
Operator
Deduction
Total ($)Due
to
Jurisdiction
Alhambra MB 168,115 117,852.41 117,852 178,639
Alhambra DR 86,711 60,786.37 60,786
Artesia DR (DT) 3,956 2,773.25 2,773
Azusa DR 28,615 20,059.76 20,060
Baldwin Park MB 173,378 121,541.89 121,542 139,086
Baldwin Park DR 25,027 17,544.49 17,544
Bell MB 33,351 23,379.80 23,380
Bell DR 14,950 10,480.29 10,480
Bellflower MB 72,617 50,906.15 50,906 58,146
Bellflower DR 10,327 7,239.46 7,239
Bell Gardens MB 91,237 63,959.19 63,959 81,790
Bell Gardens DR 25,435 17,830.51 17,831
Burbank MB 212,160 148,728.94 (19,766) 128,963
Calabasas MB 65,374 45,828.65 45,829 51,463
Calabasas DR 8,037 5,634.12 5,634
Carson MB 13,788 9,665.70 9,666 56,301
Carson DT 66,524 46,634.82 46,635
Cerritos MB 100,933 70,756.31 70,756 97,359
Cerritos DR 37,948 26,602.40 26,602
Compton MB 185,493 130,034.78 130,035 130,192
Compton DR 224 157.03 157
Covina DR 43,672 30,615.06 30,615
Cudahy MB 33,395 23,410.65 23,411 30,244
Cudahy DR 9,747 6,832.87 6,833
Downey MB 103,313 72,424.74 72,425 101,291
Downey DR 41,178 28,866.71 28,867
Duarte MB DID NOT REPORT F - -
El Monte MB 221,303 155,138.39 155,138 192,668
El Monte DR 53,536 37,529.94 37,530
Glendora MB 44,811 31,413.52 31,414 61,485
Glendora DR 42,896 30,071.06 30,071
Huntington Park MB 147,119 103,133.74 103,134 132,064
Huntington Park DT 41,268 28,929.80 28,930
LACDPWAvocado MB 39,129.00 27,430.31 27,430
LACDPWELA MB 226,843.00 159,022.06 159,022
LACDPWELA DR 32,646.00 22,885.58 22,886 181,908
LACDPWEast Valinda MB 44,279.00 31,040.58 31,041
LACDPWKing Medical MB 37,428.00 26,237.87 26,238
LACDPWWillowbrook Shuttle MB 73,799.00 51,734.76 51,735 542,348 LACDPWS.Whittier MB 196,000.00 137,400.42 137,400
LACDPWAthens MB 36,721.00 25,742.25 25,742
LACDPWLennox MB 30,216.00 21,182.10 21,182
LACDPWFloranceFirestone MB 56,592.00 39,672.27 39,672
Lakewood DR 52,213 36,602.49 36,602
Lawndale MB DID NOT REPORT F - -
Lynwood MB 147,420 103,344.74 103,345
Malibu DT 5,867 4,112.90 4,113
ManhattanBeach DR 22,484 15,761.79 15,762
Maywood MB 31,380 21,998.09 21,998 32,276
Maywood DR 14,662 10,278.39 10,278
MontereyPark MB - - - 11,785
MontereyPark DR 16,811 11,784.89 11,785
Pico Rivera DR 8,765 6,144.46 6,144
Rosemead MB 104,818 73,479.78 73,480 94,855
Rosemead DR 30,491 21,374.88 21,375
Santa Fe Springs DR 12,570 8,811.85 8,812
South Gate MB 118,783 83,269.56 83,270 160,309
South Gate DT 109,896 77,039.57 77,040
SouthPasadena DR 20,054 14,058.31 14,058
WestCovina MB 155,047 108,691.44 108,691 135,451
WestCovina DR 38,172 26,759.43 26,759
West Hollywood MB 114,445 80,229 80,229
Total 3,869,524 2,792,852 (19,766) 2,773,086
FY24 Revenue Mile Rate 0.701022553
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ATTACHMENT A
LACMTA Voluntary NTD Reporting Program for FY '22
Using FY '24 FTA Formula Programs Apportionment Data Unit Values Jurisdiction MODE
Total Vehicle
Revenue Miles
Total Vehicle
Revenue Hours
Total Passenger
Miles
Total Operating
Costs $ from VRM $from OPCOST Total Generated
Total ($)Due to
Jursd Before
Tier 2
Deduction
Tier II
Operator
Deduction
Total ($)Due to
Jurisdiction
Glendale MB 871,699 100,417 1,127,888 10,012,370 611,080.66 8,770 $ 619,851 619,851 (82,378) 537,473 Pasadena MB 739,633 71,223 1,905,376 6,777,893 518,499.41 36,974 $ 555,473 555,473 (73,822) 481,651 LADOT COMMUNITY DASH MB 4,118,894 292,898 11,327,239 40,076,119 2,887,437 220,998 $ 3,108,436 3,108,436 (413,110) 2,695,326 LADOT DEPARTMENT OF AGING DR 169,282 28,228 306,343 3,955,395 118,670 1,638 $ 120,308 120,308 120,308 Total LADOT 4,288,176 321,126 11,633,582 44,031,514 3,006,108 222,636 $ 3,228,744 3,228,744 2,815,634 - -
Total NTD 5307 Funds 5,899,508 492,766 14,666,846 60,821,777 4,135,688 268,380 4,404,068 4,404,068 (569,310) 3,834,758 -
FY24 Revenue Mile Rate *
FY24 Passenger Mile Rate

0.7010226

0.0690283
Item #7. Page 9
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STAFF REPORT
TO: Mayor and Council Members DATE: December 10, 2024
FROM: Public Works DISTRICT(S): Citywide
SUBJECT: Approve a Use Agreement between the City of Glendora and the Los Angeles County Flood Control District (LACFCD) required for the San Dimas Wash Trail Project

RECOMMENDATION
That the City Council:

1. Approve the Use Agreement between the City of Glendora and the Los Angeles County Flood Control District (LACFCD) for the continued use of Phase 1 and the construction and operation of Phases 2 and 3 of the San Dimas Wash Trail Project; and

2. Authorize the City Manager to sign the Use Agreement.

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

EXECUTIVE SUMMARY
The Glendora People Movement Project (Project) includes plans to construct over 10 miles of active transportation improvements throughout Glendora. There are three trails in the Project that generally follow the Los Angeles County flood control channels that run through the City. One of the three trails, the San Dimas Wash Urban Trail (San Dimas Wash Trail), in its entirety will span approximately three miles along the San Dimas Wash, from Louie Pompei Sports Park on the eastern end to Grand Avenue at Arrow Highway on the western end. The San Dimas Wash Trail is divided into three phases. Phase 1 was completed in 2018 and the City is now preparing to move forward with construction of Phases 2 and 3.

Prior to construction of Phases 2 and 3 the establishment and approval of a Use Agreement between the City and the Los Angeles County Flood Control District (LACFCD) is required to allow the City to enter into LACFCD’s right-of-way (ROW) to construct and operate the trail for public use. Use Agreement No. 17-10 (Agreement 17-10) included as Attachment A, between the City and LACFCD was executed on May 22, 2017. It provided the City with the ability to construct and operate Phase 1 of the San Dimas Wash Trail between Louie Pompei Park and Sunflower Avenue. Agreement 17-10 does not cover Phases 2 and 3, therefore a new Use Agreement is necessary.

Staff recommends approval of Use Agreement 23-43 (Agreement 23-43), included as Attachment B, which will replace Agreement 17-10 to incorporate all phases of the San Dimas Wash Trail.

LEGISLATIVE HISTORY / PREVIOUS ACTIONS
The People Movement Project (Project) initially consisted of two distinct elements: urban trails and first/last mile improvements related to the Metro A Line Glendora Station. Development of the Urban Trails System began in 2011.

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Staff Report Page 2 of 3
On May 22, 2017, Agreement 17-10 was fully executed between the City of Glendora and LACFCD. Agreement 17-10 allowed the City to construct and operate Phase 1 of the San Dimas Wash Trail on LACFCD property. In 2018, a one-mile stretch of the San Dimas Wash Trail, Phase 1, was completed.

In 2018, the City, in partnership with the Los Angeles County Metropolitan Transportation Authority (Metro), began planning for access improvements to the Metro A Line Glendora Station.

Over the years, staff engaged with residents, stakeholders, and local partners to refine concepts and implement demonstration projects.

In March 2021, staff presented the Project to the City Council for approval to apply for a federal transportation earmark. In November 2021, staff presented an update to the City Council on the Project and the funding status.

On March 22, 2022, the City Council directed staff to proceed with final design and construction of first/last mile improvements along Glendora Avenue, and completion of the San Dimas and Little Dalton Urban Trails.

On June 11, 2024, the City Council approved acquisition of property (APN 8643-016-087) in preparation and necessary for construction and operation of the San Dimas Wash Trail.

DISCUSSION
Design for Phases 2 and 3 is now complete and the City is preparing to move forward with construction of the San Dimas Wash Urban Trail. A Request for Proposal for the construction of the Trail cannot be released until a Use Agreement between the City and LACFCD is entered into covering the areas for Phases 2 and 3 allowing the City to construct and operate the San Dimas Wash Trail on LACFCD ROW in order to provide recreational and transportation options by way of walking, biking, and non-motorized rolling, to the public.

To have one Use Agreement incorporating all Phases of the San Dimas Wash Trail, Agreement 17-10, exclusive to Phase 1 of the San Dimas Wash Trail will be terminated upon full execution of Use Agreement 23-43. Agreement 23-43 will provide ROW access for the entire San Dimas Wash Trail, Phases 1, 2 and 3, covering approximately three miles along the San Dimas Wash, from Louie Pompei Sports Park on the eastern end to Grand Avenue at Arrow Highway on the western end. A map of the covered area is included in Exhibits A, B and C of Agreement 23-43.

The terms of Agreement 23-43 are similar to those of Agreement 17-10. Under Agreement 23-43 the City will have responsibilities including, but not limited to:

1. Maintenance of all improvements in connection with the project such as, the multi-use path, fencing, landscaping, irrigation systems, graffiti, gateways and vehicle ramps, within right-of-way that falls in City limits.

2. Homelessness encampments.

3. Graffiti removal.

4. Replacement or repair of any property of LACFCD that becomes damaged.

5. Opening and closing of gates.

Agreement 23-43 shall be valid for a 25-year initial term and may be extended with approval of the LACFCD. The City may terminate the Agreement for any reason by giving LACFCD at least Item #8. Page 2
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Staff Report Page 3 of 3
60 days prior written notice. LACFCD may also terminate the Agreement. LACFCD may terminate the Use Agreement under specific conditions, which include, but are not limited to:

1. LACFCD proposes to implement a project on, or including, premises for watershed management purposes including flood control, water conservation, and water quality; and LACFCD determines, in good faith, that improvements and/or City’s use of premises, or any of them, would be substantially incompatible with the proposed project.

2. If the City breaches any term of the Use Agreement.

3. If there are any changes in Federal, State or local laws, rules and regulations that pose additional regulatory burdens on the primary use of the channel.

4. Construction is not completed within five years from the date of the executed Use Agreement.

5. In order to respond to an emergency, as defined in Public Contract Code Section 1102.

In addition to the Use Agreement, the City is still awaiting the fully executed 408 Permit from the U.S. Army Corps of Engineers (USACE). The 408 permit is required when a party seeks to modify a USACE project, such as levees, dams, flood control channels, or other water resources infrastructure, that was constructed or is maintained for navigation, flood control, or other purposes. It is staff’s understanding that preliminary approval of the 408 permit has been issued and it is in route for upper review and signature.

Upon receipt of the final 408 permit and City Council approval of Use Agreement 23-43, the City will move forward with the issuance of a Request for Proposal for the construction of Phases 2 and 3 of the San Dimas Wash Trail.

FISCAL IMPACT
There is no financial obligation associated with execution of the Use Agreement. The total cost of the San Dimas Urban Trail Phase 2 and 3 is estimated to be $3.2 million which includes rightof-way and construction; funds for the project are available in the People Movement Capital Improvement Project 4322101 budget across the Transit Development Act (230), Proposition C (232), Measure R (233), Measure M (234), Grants (280) and Proposition 68 (260) Funds.

ENVIRONMENTAL DETERMINATION
City Council approved a Categorical Exemption for the San Dimas Urban Trail Project on September 17, 2015. The City will revalidate the environmental documents before construction.

Prepared By Valerie Velasquez Santoya, Interim Assistant Public Works Director
Concurs With Not Applicable
Reviewed By William Wittkopf, Public Works 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. Use Agreement 17-10
B. Use Agreement 23-43
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Use Agreement No. 23-43
01240.0005/1024812.1 1
Use Agreement No. 23-43
San Dimas Wash
Parcels 11, 12, 18, 20, 50, 53,
133, 136, 141-147, 237, 245,
308-311, 313, 315, 316, 318, 321,
323, 356-358, 360, and 362
Right-of-Way Map Nos.18-RW 5.2,

6.2, 7.2, 8.1, and 16.1
Assessor's Identification Nos.:
8653-003-905, 8642-008-900,
8642-009-900, 8642-017-902,
8642-017-903, 8642-018-909,
8643-005-903, 8643-005-905,
8643-006-903, 8643-006-906,
8643-006-907, 8643-011-907,
8643-016-906, 8643-016-907,
8643-033-900, 8643-037-900,
8643-037-901, and 8653-001-900,
and 8653-002-904
Supervisorial District 5

USE AGREEMENT
This Use Agreement is entered into by and between the

LOS ANGELES COUNTY FLOOD CONTROL DISTRICT,
a body corporate and politic,
hereinafter referred to as "DISTRICT"
and the

CITY OF GLENDORA,
hereinafter referred to as "USER"

RECITALS
WHEREAS, DISTRICT owns fee and easement interests to portions of San Dimas Wash generally located between Grand Avenue to Forbes Spreading Ground, in the City of Glendora, State of California and, as more particularly shown on Exhibits A, B, and C attached hereto and made a part hereof, (hereinafter referred to as PREMISES); WHEREAS, on May 22, 2017, DISTRICT and USER entered into Use Agreement No. 17-10 for public recreational purposes in connection with USER'S project known as the San Dimas Wash Urban Trail (hereinafter referred to as PROJECT); and Item #8. Page 20
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Use Agreement No. 23-43
01240.0005/1024812.1 2
WHEREAS, DISTRICT and USER desire to terminate and replace Use Agreement No. 17-10 with this Use Agreement No. 23-43 to include Phase I, Phase II, and Phase III of the PROJECT for public recreational purposes to construct, operate, and maintain certain new and existing improvements on PREMISES in connection with the PROJECT, including but not limited to fencing, landscaping, an irrigation system, gateways and vehicle ramps, paving, seating, a pedestrian bridge, and recreational trails (hereinafter referred to as IMPROVEMENTS).

NOW, THEREFORE, in consideration of these recitals and the faithful performance by DISTRICT and USER of the mutual covenants herein contained for the period of time herein set forth, DISTRICT and USER hereto mutually agree as follows:

SECTION 1. Authorized Use

1.1. USER is authorized and permitted to use PREMISES for the construction, operation, maintenance, and use of IMPROVEMENTS in accordance with the terms and conditions of this Use Agreement and the approved plans.

USER is not permitted to dedicate or personalize any IMPROVEMENTS or place signage on PREMISES without prior written approval by DISTRICT.

Any other use of PREMISES by USER is expressly prohibited.

1.2. USER acknowledges that San Dimas Wash is a working flood protection and water conservation facility and USER'S use of PREMISES shall be subordinate to the primary uses and purposes of PREMISES for watershed management including flood control, water conservation, and water quality purposes by DISTRICT and others (pursuant to DISTRICT'S permission), and USER'S use of PREMISES shall at no time interfere with the use of PREMISES or the use of DISTRICT'S adjacent property and/or improvements for such purposes or activities.

1.2.1. USER acknowledges that DISTRICT performs periodic maintenance on and within San Dimas Wash. DISTRICT reserves the right to temporarily restrict or prohibit public access to some or all of PREMISES, as DISTRICT determines to be reasonably necessary to perform these maintenance activities. DISTRICT shall not be responsible for providing alternative bicycle/pedestrian access to or within PREMISES during these maintenance activities.

1.3 DISTRICT reserves the right to use or allow others to use PREMISES for any and all lawful purposes in addition to flood control, water conservation, and water quality purposes including, but not limited to, public transportation, utilities, roads, parks and recreation, and/or other related uses together with incidental rights of construction and installation of facilities, ingress and egress, operation and maintenance. The exercise of the rights reserved herein shall not be inconsistent with USER'S use or the IMPROVEMENTS or constitute unreasonable interference.

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Use Agreement No. 23-43
01240.0005/1024812.1 3

1.4 This Use Agreement is valid only to the extent of DISTRICT'S jurisdiction.

Acquisition of permits required by other affected agencies or agencies with regulatory jurisdiction over PROJECT or IMPROVEMENTS and the consent of underlying fee owner(s) other than DISTRICT (hereinafter collectively referred to as THIRD-PARTY APPROVALS), if any, and is the responsibility of USER. USER shall be responsible for all costs associated with obtaining and complying with the requirements and conditions of all THIRD-PARTY APPROVALS, including, by way of example, permit fees and compensatory mitigation expenses. USER shall provide DISTRICT copies of all THIRD-PARTY APPROVALS.

SECTION 2. Construction and Maintenance of IMPROVEMENTS

2.1. USER understands and acknowledges that it is required to comply with the requirements set forth in the California Environmental Quality Act (CEQA) and the State CEQA guidelines, the National Environmental Policy Act (NEPA), and any applicable NEPA regulations of any federal agency with regulatory jurisdiction over PROJECT or IMPROVEMENTS prior to implementing IMPROVEMENTS and that USER shall be the lead agency with respect to any and all CEQA compliance related to IMPROVEMENTS.

In addition to its other indemnification obligations as specified below, USER hereby agrees to indemnify, defend, and hold harmless DISTRICT and County of Los Angeles and their elected and appointed officers, employees, and agents from and against any and all claims and/or actions related to IMPROVEMENTS that may be asserted by any third party or public agency alleging violations of CEQA or the CEQA Guidelines or the NEPA.

2.2. USER shall bear all costs in connection with the construction of IMPROVEMENTS, including preparation of plans and specifications, and all construction costs and expenses.

2.3. USER understands and acknowledges that it is required to comply with the requirements of the National Flood Insurance Program (NFIP) as set forth in Title 44 of the Code of Federal Regulations prior to, during, and after implementing PROJECT or IMPROVEMENTS and that the City is the lead agency with jurisdiction over the PROJECT or IMPROVEMENTS with respect to any and all related NFIP compliance. The USER shall meet NFIP compliance and comply with the City's requirements, including but not limited to pre-construction conditional letters of map change and post-construction letters of map change for FEMA flood maps. In addition to its other indemnification obligations as specified below, USER hereby agrees to indemnify, defend, and hold harmless DISTRICT and the County of Los Angeles and their elected and appointed officers, employees, and agents from and against any and all claims and/or actions related to the PROJECT or IMPROVEMENTS that may be asserted by any third party or public agency alleging violations of NFIP requirements.

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Use Agreement No. 23-43
01240.0005/1024812.1 4

2.4 Prior to commencement of any construction activity on PREMISES by or on behalf of USER, USER shall submit the plans and specification for IMPROVEMENTS, and shall apply for and obtain a permit from, the Land Development Division, Encroachment Permits and Inspections Section, of Los Angeles County Public Works, and as deemed necessary by the USER, any conditional letters of map change from the Federal Emergency Management Agency (FEMA). USER shall also obtain DISTRICT's prior written approval should USER propose to make any changes to the approved plans and specifications. Should USER propose to make any changes to the approved plans and specifications that affect flood levels within and adjacent to the DISTRICT's right of way, USER shall also obtain FEMA's prior conditional letters of map change and post-construction letters of map change. DISTRICT shall have the right to refuse to issue a permit to USER if PROJECT or IMPROVEMENTS or any condition of any THIRD-PARTY APPROVAL impose additional regulatory requirements or impediments on the primary uses and purposes of PREMISES for watershed management, including flood control, water conservation, and water quality purposes, by DISTRICT and others (pursuant to DISTRICT'S permission). In addition to its other indemnification obligations as specified in Sections 2.1 and 2.3 above and those below, USER hereby agrees to indemnify, defend, and hold harmless DISTRICT and the County of Los Angeles and their elected and appointed officers, employees, and agents from and against any and all claims and/or actions related to IMPROVEMENTS that may be asserted by any third party or public agency alleging violations of any THIRD-PARTY APPROVAL.

2.5. Upon completion of the construction of IMPROVEMENTS, USER shall provide DISTRICT with approved as-built plans.

2.6. USER shall keep, inspect, and maintain PREMISES and IMPROVEMENTS in a safe, clean, and orderly condition at all times during the term of this Use Agreement. USER shall adhere to the minimum maintenance standards as described in Exhibit D, attached hereto and made a part hereof, during the term of this Use Agreement and shall not permit trash and debris including, but not limited to, rubbish, tin cans, bottles, and garbage to accumulate at any time, nor shall USER commit, suffer, or permit any waste on PREMISES or IMPROVEMENTS or permit any acts to be done in violation of any laws or ordinances thereon.

2.7. USER shall address People Experiencing Homelessness Encampments within DISTRICT'S right of way at its cost, with respect to all portions of PREMISES occupied by the IMPROVEMENTS.

2.8. USER shall remove graffiti from PREMISES and IMPROVEMENTS and any walls, fences, and signs, that are located within PREMISES anytime graffiti is discovered by USER or anytime USER is notified by DISTRICT. Graffiti must be removed within the following guidelines:

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2.8.1 Remove vulgar graffiti (i.e., profane, obscene, or racist) within 24 hours, Monday through Friday.

2.8.2 Remove other graffiti within 72 hours, Monday through Friday.

2.9. USER shall replace or repair any property of DISTRICT that becomes damaged by USER, within a reasonable time to the satisfaction of DISTRICT or USER shall compensate DISTRICT for the damage actually sustained by DISTRICT within thirty (30) days of the USER'S receipt of an invoice from DISTRICT.

2.10. USER shall close all gates and take all actions necessary to render the PREMISES inaccessible to public access in the event USER abandons its operation and maintenance of IMPROVEMENTS or when the weather forecast for the next 24-hour period is for one (1) inch of rain or more, or when notified by DISTRICT.

SECTION 3. Term

3.1. The term of this Use Agreement shall be for twenty-five (25) years (hereinafter referred to as INITIAL TERM) commencing upon execution by DISTRICT, subject to DISTRICT'S right to terminate USER'S use as provided for in Section 4 below.

3.2. This Use Agreement shall expire at the end of the INITIAL TERM provided, however, that DISTRICT may extend the term of this Use Agreement beyond the INITIAL TERM, subject to such terms and conditions as it deems appropriate, upon receipt of a written request from USER no earlier than twelve (12) months or later than six (6) months prior to the end of the INITIAL TERM.

SECTION 4. Termination of Use

4.1. DISTRICT shall have the right to cancel this Use Agreement and terminate USER'S use of PREMISES by giving USER at least ninety (90) days' prior written notice under the following conditions:

4.1.1. DISTRICT proposes to implement a project on, or including, PREMISES for watershed management purposes including flood control, water conservation, and water quality;

4.1.2. DISTRICT determines, in good faith, that IMPROVEMENTS and/or USER'S use of PREMISES, or any of them, would be substantially incompatible with the proposed project; and

4.1.3. DISTRICT has notified USER of the basis for DISTRICT'S determination that a substantial incompatibility will exist and has Item #8. Page 24
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provided USER with a reasonable opportunity to propose
modifications to IMPROVEMENTS or USER'S use of PREMISES that will eliminate the incompatibility.

4.1.4. After consideration of any such modifications proposed by the CITY, the DISTRICT, in its sole but reasonable discretion, determines not to incorporate any such modifications or determines that, notwithstanding any such modifications, a substantially incompatibility would still exist.

4.2. DISTRICT shall have the right to cancel this Use Agreement and terminate USER'S use of PREMISES by giving USER at least sixty (60) days prior written notice if: (1) USER breaches any term or condition of this Use Agreement , or (2) changes in Federal, State or local laws, rules and regulations result in the presence or use of IMPROVEMENTS imposing additional regulatory burdens or impediments on the primary uses and purposes of PREMISES for watershed management, including flood control, water conservation, and water quality purposes, by DISTRICT and others (pursuant to DISTRICT'S permission).

4.3 DISTRICT shall have the right to cancel this Use Agreement and terminate USER'S use of PREMISES if construction of IMPROVEMENTS has not been completed within five (5) years from the date this Use Agreement is fully executed.

4.4. DISTRICT shall have the right to immediately cancel and terminate USER'S use of PREMISES, or, at DISTRICT'S sole discretion, to temporarily suspend such use in the event DISTRICT determines, in good faith, that it is necessary for DISTRICT to enter and take exclusive possession of PREMISES in to order to respond to an emergency, as defined in Public Contract Code Section 1102. In the event of an emergency, USER shall bear any expenses associated with the cessation of such use and shall have no rights or claims therefore against DISTRICT.

4.5. USER shall have the right to cancel and terminate its use of PREMISES, pursuant to this Use Agreement, for any reason by giving DISTRICT at least sixty (60) days prior written notice.

SECTION 5. Removal of Improvements and Restoration of Premises

5.1. Upon the expiration or sooner termination of this Use Agreement, USER shall, at its own expense, remove IMPROVEMENTS and restore PREMISES, to a condition similar to or better than that which existed on the effective date of this Use Agreement, reasonable wear and tear excepted, provided, however that District, upon receipt of a written request from USER, may permit USER to leave all or portion of said IMPROVEMENTS on PREMISES.

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5.2 Prior to commencing the removal of IMPROVEMENTS, USER shall comply with the City’s NFIP requirements, including but not limited to preconstruction conditional letters of map change and post-construction letters of map change for FEMA flood maps.

5.3. Prior to commencing the removal of any IMPROVEMENTS, USER shall comply with the City's NFIP requirements, including, but not limited to, pre-construction conditional letters of map change and post-construction letters of map change for FEMA flood maps.

5.4 If USER fails to remove IMPROVEMENTS and restore PREMISES within one hundred eighty (180) days of the expiration of this Use Agreement or the sooner termination of USER'S use of PREMISES, pursuant to this Use Agreement, DISTRICT may remove IMPROVEMENTS.

5.5. If DISTRICT removes IMPROVEMENTS pursuant to Subsection 5.4, DISTRICT shall submit a billing invoice to USER indicating the costs and expenses incurred by DISTRICT in connection with the removal of the IMPROVEMENTS and USER shall reimburse DISTRICT all such costs and expenses for removing said IMPROVEMENTS within thirty (30) days of the billing invoice.

SECTION 6. Miscellaneous Terms and Conditions

6.1. Indemnification

6.1.1 In accordance with Government Code Section 895.4, DISTRICT and USER agree to apportion responsibility and indemnification, notwithstanding any other provision of law, as follows:

6.1.1.1. USER shall indemnify, defend, and hold DISTRICT and the County of Los Angeles and their respective officers,
employees, and agents harmless from and against, any
claims, demands, liability, damages, costs, and expenses, including, without limitation, involving bodily injury, death, or personal injury of any person or property damage of any nature whatsoever, arising from or related to the
construction, reconstruction, maintenance, operation, use or removal of IMPROVEMENTS or USER'S breach of any
term of this Use Agreement, except to the extent caused by the willful misconduct of DISTRICT.

6.1.1.2. DISTRICT shall indemnify, defend, and hold USER and its officers, employees, and agents harmless from and against, any claims, demands, liability, damages, costs, and
expenses including, without limitation, involving bodily injury, death, or personal injury of any person or property damage of any nature whatsoever, arising from or related to Item #8. Page 26
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the construction, reconstruction, maintenance, operation, or removal of any improvements by DISTRICT on, above, or
under PREMISES or arising from any and all uses of
PREMISES by DISTRICT, except to the extent caused by
the willful misconduct of USER.

6.1.2. USER releases DISTRICT and waives all rights to damages for any loss, costs, or expenses USER may sustain as a result of any damage to, or destruction of, IMPROVEMENTS or to PREMISES attributable to DISTRICT'S watershed management activities, including any flood control, water conservation or water quality activities on, or adjacent to, PREMISES, or attributable to any flooding caused by inadequacy or failure of DISTRICT'S facilities, except to the extent caused by DISTRICT'S willful misconduct.

6.1.3. Each party to this Use Agreement shall include the other within the protection of any indemnification clause contained in any ancillary contract relating to PREMISES.

6.2. Without limiting USER'S indemnification of DISTRICT, USER shall procure and maintain, in full force and effect during the term of this Use Agreement, insurance policies providing for the following insurance coverage:
 Commercial general liability and property damage coverage with a combined single limit liability in the amount of not less than Two Million Dollars ($2,000,000) per occurrence.
 Worker's Compensation coverage in such amount as will fully comply with the laws of the State of California and which shall indemnify, insure, and provide legal defense for both DISTRICT and USER against any loss, claim, or damage arising from any injuries or occupational diseases occurring to any worker employed by, or any person retained by, USER while carrying out the work or services contemplated in this Use Agreement.
 Automobile Liability Insurance: USER shall procure such policy with coverage of not less than One Million Dollars ($1,000,000) per accident.
 The County of Los Angeles and Los Angeles County Flood Control District, its governing board, officers, agents, contractors, and employees shall be named as Additional Insureds on all policies of liability insurance. USER shall furnish to DISTRICT a Policy of Insurance evidencing USER'S insurance coverage no later than ten (10) working days after execution of this Use Agreement, but before USER takes possession of PREMISES. Upon renewal of said policy, Item #8. Page 27
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USER shall furnish to DISTRICT a Certificate evidencing USER'S continued insurance coverage as required herein.
 DISTRICT may accept, should USER elect to provide, a Certificate of Self-Insurance. The limits of such self-insurance coverage shall meet or exceed those stated herein.

6.3. USER and DISTRICT shall have no financial obligation to each other under this Use Agreement, except as herein expressly provided.

6.4. The parties expressly recognize and intend that in consideration of this Use Agreement, which is solely for USER’S benefit DISTRICT is not to incur any liability whatsoever for any injury, death, or property damage arising from any use of PREMISES or IMPROVEMENTS by persons who gain entry through openings or areas provided for USER'S use except as provided in Section 6.1.1.2.

6.5. DISTRICT, its Board, and any authorized officer, engineer, employee, or contractor, through its agents or representatives, shall have full right and authority to enter in and upon PREMISES at any and all reasonable times during the term of this Use Agreement, all without interference or hindrance by USER, its agents, officers, contractors, employees, or representatives for the purpose of inspecting the same and to serve or post any notice required or permitted by law for protection of any right or interest of DISTRICT.

6.6. Except as to fuels, lubricants, and products associated with motorized vehicles, equipment, gardening, or maintenance-related substances, or all of the above, USER shall not cause or allow the presence, use, storage, or disposal of any hazardous substances on or about PREMISES without the prior written consent of DISTRICT, which consent shall not be unreasonably denied. In the event of spillage, leakage, or escape of any hazardous substance onto PREMISES, USER shall immediately notify DISTRICT by calling (800) 675-4357. If the spillage, leakage, or escape was caused by USER, USER shall promptly remove any such substance from PREMISES to DISTRICT'S satisfaction. In addition to removing any of USER'S hazardous substances, USER shall be liable for and reimburse DISTRICT for any and all cost and expenses that DISTRICT may incur or suffer as a result thereof. Such responsibility shall include cost or expenses as DISTRICT may incur by reason of Federal, State, local, or other authoritative agency's laws and regulations. Notwithstanding the foregoing, USER shall have no responsibility regarding any spillage, leakage or escape associated with any of DISTRICT'S tenants, licensees, or easement holders.

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6.7. USER shall also pay any application, administrative and processing costs, required in connection with this Use Agreement. The charges will be based on the then-current applicable rates.

6.8. Any notice to be given or document to be delivered by DISTRICT or USER to the other party may be delivered (i) by personal delivery which will be deemed received on the day of delivery; (ii) by national overnight delivery service which shall be deemed received the following day; (iii) by mailing the same by registered or certified US mail, return receipt requested, which shall be deemed received two business days following the date the notice is postmarked. Notices shall be addressed to the party for whom intended as follows:

To DISTRICT: Los Angeles County Flood Control District
Survey/Mapping & Property Management Division
P.O. Box 1460
900 South Fremont Avenue, 10th Floor
Alhambra, CA 91802-1460
Tel.: (626) 458-7023 or (626) 458-7072; Fax (626) 979-5322 For emergencies, contact (626) 458-HELP (4357)
To USER: City of Glendora
116 East Foothill Boulevard
City of Glendora, CA 91741
Attention: City Manager
Tel: 626 914-8201

6.9 Execution in Counterparts.

6.9.1 This Use Agreement may be executed simultaneously or in any number of counterparts, including both counterparts that are executed manually on paper and counterparts that are in the form of electronic records and are executed electronically, whether digital or encrypted, each of which shall be deemed an original and together shall constitute one and the same instrument.

6.9.2 DISTRICT and USER hereby agree to regard facsimile/electronic representations of original signatures of authorized officers of each party, when appearing in appropriate places on this Use Agreement and on any addenda or amendments thereto, delivered or sent via facsimile or electronic mail or other electronic means, as legally sufficient evidence that such original signatures have been affixed to this Use Agreement and any addenda or amendments thereto such that the parties need not follow up facsimile/electronic transmissions of such documents with subsequent (non-facsimile/electronic) transmission of "original" versions of such documents.

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6.9.3 Further, DISTRICT and USER: (i) agree that an electronic signature of any party may be used to authenticate this Use Agreement or any addenda or amendment thereto, and if used, will have the same force and effect as a manual signature; (ii) acknowledge that if an electronic signature is used, the other party will rely on such signature as binding the party using such signature; and (iii) hereby waive any defenses to the enforcement of the terms of this Use Agreement based on the foregoing forms of signature. [Signature Page(s) Follow]
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This Use Agreement has been executed on behalf of DISTRICT and USER by and through their respective duly authorized representatives on the ______ day of _________ 2024 ("Effective Date").

DISTRICT: USER:

LOS ANGELES COUNTY

FLOOD CONTROL DISTRICT,
a body corporate and politic
By: _______________________
Greg Even
Assistant Deputy Director
Date: _____________________

CITY OF GLENDORA,
a municipal corporation
By: _________________________
Adam Raymond
City Manager
Date: ________________________
ATTEST:
_____________________________
Kathleen R. Sessman
City Clerk/Communications Director
APPROVED AS TO FORM:

ALESHIRE & WYNDER, LLP
By: ________________________
Danny Aleshire
City Attorney
Date: _______________________
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Exhibits A, B, and C
(Maps of Premises)
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EXHIBIT D
SCOPE OF WORK: LANDSCAPE MAINTENANCE
Action Description Frequency
Remove dead, deceased, insect-infested and
damaged branches and limbs
As needed
Prune Elm, Eucalyptus, and Pepper trees Every two (2) years Prune all other trees Every three (3) years
Tree Trimming
Dispose of all trees downed by natural or
unnatural causes
As needed
Install stakes when tree is damaged, requires
support, or is less than three (3) inches in
diameter
Tree Staking As needed
Check ties, and stakes Once (1) a month
Shrubs and vines shall be trimmed to restrict
growth onto the adjacent roads, driveways,
and walkways
As needed
Shrubs should be trimmed to not grow taller
than 4 feet, and no shorter than 3 ½ feet
Once (1) a year, in
March
Trimming should look natural – no shearing
Shrubbery/
Vines
Trimming
Remove dead or diseased plant materials As needed
Keep ground covers adjacent to roadways
away from paved surfaces
Twice (2) a year, in
March and September
Ground Cover
Trimming and
Care Edges should look natural – no shearing
Trim vines and ornamental grass in an artisanlike manner – no scalpingOnce (1) a year, in September.

Ornamental
Grass
Trimming Ornamental grass and vines along bicycle
trails
Twice (2) a year, in
March and September
Weed Control Keep landscaped areas free of weeds Once (1) a week Remove all weeds from walkways, drainage
areas, and cracks in all hard surface areas
Once (1) a week
Remove litter and accumulated debris from
landscaped areas
Once (1) a week
Empty and clean trash cans/receptacles Once (1) a week
Replace pet litter bags Once (1) a week
Litter Control
DO NOT handle hazardous waste materials
Operation of automatic irrigation controllers in
a way to not cause excessive wetness
Watering and
Irrigation
System Inspect and maintain irrigation system As needed Rodent
Control
Maintain all areas free of rodents, in
compliance with Federal, State and local laws
– to be completed by California Certified
Applicator
As needed
Item #8. Page 39
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STAFF REPORT
TO: Mayor and Council Members DATE: December 10, 2024
FROM: Finance DISTRICT(S): Citywide
SUBJECT: Adopt a Resolution Authorizing the California Department of Tax and Fee Administration (CDTFA) to Administrate and Implement Measure Z, a Local Transaction and Use Tax (TUT); and Approve Other Related Agreements Between the City and CDTFA

RECOMMENDATION
That the City Council:

1. Adopt a City Council Resolution entitled, “A Resolution of the City Council of the City of Glendora Authorizing the City Manager to Execute Agreements with the California Department of Tax and Fee Administration for Implementation of a Local Transaction and Use Tax; and

2. Authorize the City Manager to enter into an Agreement for Preparation to Administer and Operate the City’s Transactions and Use Tax Ordinance and an Agreement for State Administration Agreement of City Transactions and Use Taxes with the California Department of Tax and Fee Administration.

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

EXECUTIVE SUMMARY
On November 5th, 2024, the voters of the City of Glendora voted on Measure Z, which authorized a

0.25% transaction and use tax (TUT).

The next step in the process is to enter into certain agreements with the California Department of Tax and Fee Administration (CDTFA) for the administration and implementation of Measure Z, a TUT. The sales taxes authorized under Measure Z will be effective on April 1, 2025.

Key Dates:
 April 1, 2025: The CDTFA will start collecting the new tax.  End of June 2025: The City will receive the first payment.  September 2025: First quarter collection data will be available.

LEGISLATIVE HISTORY / PREVIOUS ACTIONS
On August 5, 2024, City Council directed staff to submit Ordinance 2089 and related resolutions for the submittal to voters an Ordinance adopting a Supplemental General Local Transaction and Use Tax (Sales Tax) for the November 5, 2024, Ballot for the purpose of maintaining local control of revenues generated in Glendora to directly benefit the Glendora community.

On November 5, 2024, the voters voted in favor of Measure Z, which authorized a 0.25% transaction and use tax.

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DISCUSSION
The City is responsible for payment to the CDTFA for preparatory costs, including costs of developing procedures, programming for data processing, developing and adopting appropriate regulations, designing and printing of forms, developing instructions for the CDTFA’s staff and taxpayer’s, and other necessary preparatory costs which shall include the CDTFA’s direct and indirect costs as specified by Section 11256 of the Government Code. The maximum amount of all preparatory costs to be paid by the City shall not, in any event, exceed $175,000 and will be offset by annual revenues.

The attached Resolution and associated agreements are a standard requirement of CDTFA when a city passes a local TUT. The terms of the agreements have been set by the CDTFA and cannot be altered. The Resolution will (1) authorize the City Manager to execute, on behalf of the City, into a preparatory and administrative agreement with CDTFA, and (2) authorize the CDTFA to administrate and implement Measure Z for the City.

Once approved and implemented by the CDTFA, the new TUT would become operative on April 1, 2025.

FISCAL IMPACT
The Transaction and Use Tax (TUT) approved by the voters with Measure Z would take effect April 1, 2025.

The CDTFA charges no more than $175,000 for administration and implementation of the TUT. The actual cost may be less than $175,000 depending on how many cities they are implementing at the same time. The CDTFA will invoice the City in August/September 2025. Since the actual amount of the invoice is unknown at this time, the budget for FY 2025-26 will include a one-time budget cost for the full $175,000.

Revenues from TUT collections will begin being distributed to the City in August and September.

Once fully implemented, annual revenue generated by the TUT are estimated to be approximately $3 million.

ENVIRONMENTAL DETERMINATION
Not Applicable.

Prepared By Kyle Johnson, Finance Director/City Treasurer Concurs With Not Applicable
Reviewed By Kyle Johnson, Finance Director/City Treasurer 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. Resolution Authorizing Signing Agreements
B. Exhibit A to Resolution - Agreement for Preparation
C. Exhibit B to Resolution - Agreement for Administration D. Ordinance No. 2089
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01240.0001/1037103.1
RESOLUTION NO. CC 2024-____

A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF

GLENDORA AUTHORIZING THE CITY MANAGER TO EXECUTE

AGREEMENTS WITH THE CALIFORNIA DEPARTMENT OF TAX AND

FEE ADMINISTRATION FOR IMPLEMENTATION OF A LOCAL

TRANSACTIONS AND USE TAX
WHEREAS, on August 5, 2024, the City Council approved Ordinance No. 2089 amending the City Municipal Code and providing for a local transactions and use tax; and WHEREAS, the California Department of Tax and Fee Administration (Department) administers and collects the transactions and use taxes for all applicable jurisdictions within the state; and
WHEREAS, the Department will be responsible to administer and collect the transactions and use tax for the City; and
WHEREAS, the Department requires that the City enter into a “Preparatory Agreement” and an “Administrative Agreement” prior to implementation of said taxes, and WHEREAS, the Department requires that the City Council authorize the agreements;

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

SECTION 1. That the “Preparatory Agreement” attached as Exhibit A and the “Administrative Agreement” attached as Exhibit B are hereby approved and the City Manager is hereby authorized to execute each agreement.

SECTION 2. The City Clerk shall certify to the passage and adoption of this resolution and shall enter the same in the Book of Original Resolutions.

SECTION 3. The City Clerk is hereby directed to forward a (certified) copy of this resolution to the Finance Director.

APPROVED and PASSED this __ day of ________, 2024.

City Council
BY:

MENDELL L. THOMPSON
Mayor
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01240.0001/1037103.1 6/7/2018
2 APPROVED AS TO FORM:

Aleshire & Wynder, LLP

DANNY ALESHIRE
City Attorney

CERTIFICATION
I, do hereby certify that the foregoing Resolution was duly adopted by the City Council of the City of Glendora at a regular meeting held on the 10th day of December, 2024, by the following vote:

AYES: MEMBERS:

NOES: MEMBERS:

ABSENT: MEMBERS:

ABSTAIN: MEMBERS:

Dated:

KATHLEEN R. SESSMAN
City Clerk/Communications Director
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01240.0001/1037104.1 (Rev. 07/24) 1

AGREEMENT FOR PREPARATION TO ADMINISTER AND OPERATE

CITY'S TRANSACTIONS AND USE TAX ORDINANCE
In order to prepare to administer a transactions and use tax ordinance adopted in accordance with the provision of Part 1.6 (commencing with Section 7251) of Division 2 of the Revenue and Taxation Code, the CITY OF GLENDORA, hereinafter called City, and the CALIFORNIA DEPARTMENT OF TAX AND FEE ADMINISTRATION, hereinafter called Department, do agree as follows:

1. The Department agrees to enter into work to prepare to administer and operate a transactions and use tax in conformity with Part 1.6 of Division 2 of the Revenue and Taxation Code which has been approved by a majority of the electors of the City and whose ordinance has been adopted by the City.

2. City agrees to pay to the Department at the times and in the amounts hereinafter specified all of the Department's costs for preparatory work necessary to administer the City's transactions and use tax ordinance. The Department's costs for preparatory work include costs of developing procedures, programming for data processing, developing and adopting appropriate regulations, designing and printing forms, developing instructions for the Department's staff and for taxpayers, and other appropriate and necessary preparatory costs to administer a transactions and use tax ordinance.

These costs shall include both direct and indirect costs as specified in Section 11256 of the Government Code.

3. Preparatory costs may be accounted for in a manner which conforms to the internal accounting and personnel records currently maintained by the Department. The billings for costs may be presented in summary form. Detailed records of preparatory costs will be retained for audit and verification by the City.

4. Any dispute as to the amount of preparatory costs incurred by the Department shall be referred to the State Director of Finance for resolution, and the Director's decision shall be final.

5. Preparatory costs incurred by the Department shall be billed by the Department periodically, with the final billing within a reasonable time after the operative date of the ordinance. City shall pay to the Department the amount of such costs on or before the last day of the next succeeding month following the month when the billing is received.

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6. The amount to be paid by City for the Department's preparatory costs shall not exceed one hundred seventy-five thousand dollars ($175,000) (Revenue and Taxation Code Section 7272.)

7. Communications and notices may be sent by first class United States mail or through email at [email protected]. If and when communications and notices may include confidential information, communications and notices must be sent through encrypted email at [email protected] or by mail. Communications and notices to be sent to the Department shall be addressed to:

California Department of Tax and Fee Administration
P.O. Box 942879 MIC: 27
Sacramento, California 94279-0027
Attention: Administrator
Local Revenue Branch
Communications and notices to be sent to City shall be addressed to:
______Attention: Finance Director/City Treasurer_______ ______City of Glendora____________________________
______116 E. Foothill Boulevard_____________________
______Glendora, CA 91741_________________________

8. The date of this agreement is the date on which it is approved by the Department of General Services. This agreement shall continue in effect until the preparatory work necessary to administer City's transactions and use tax ordinance has been completed and the Department has received all payments due from City under the terms of this agreement.

CITY OF GLENDORA CALIFORNIA DEPARTMENT OF TAX

AND FEE ADMINISTRATION
By By
(Signature) Administrator
Local Revenue Branch
Adam Raymond
(Typed Name) Date: _______________________________
City Manager
(Title)
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Date: _______________________________
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01240.0001/1037108.1

AGREEMENT FOR STATE ADMINISTRATION

OF CITY TRANSACTIONS AND USE TAXES
The City Council of the City of Glendora has adopted, and the voters of the City of Glendora (hereafter called “City” or “District”) have approved by the required majority vote, the City of Glendora Transactions and Use Tax Ordinance (hereafter called “Ordinance”), a copy of which is attached hereto as Exhibit A. To carry out the provisions of Part 1.6 of Division 2 of the Revenue and Taxation Code and the Ordinance, the California State Department of Tax and Fee Administration, (hereinafter called the “Department”) and the City do agree as follows:

ARTICLE I

DEFINITIONS
Unless the context requires otherwise, wherever the following terms appear in the Agreement, they shall be interpreted to mean the following:

1. "District taxes" shall mean the transactions and use taxes, penalties, and interest imposed under an ordinance specifically authorized by Revenue and Taxation Code Section 7285.9, and in compliance with Part 1.6, Division 2 of the Revenue and Taxation Code.

2. "City Ordinance" shall mean the City's Transactions and Use Tax Ordinance referred to above and attached hereto as Exhibit A, Ordinance No. 2089, as amended from time to time, or as deemed to be amended from time to time pursuant to Revenue and Taxation Code Section 7262.2.

ARTICLE II

ADMINISTRATION AND COLLECTION

OF CITY TAXES
A. Administration. The Department and City agree that the Department shall perform exclusively all functions incident to the administration and operation of the City Ordinance.

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B. Other Applicable Laws. City agrees that all provisions of law applicable to the administration and operation of the Department Sales and Use Tax Law which are not inconsistent with Part 1.6 of Division 2 of the Revenue and Taxation Code shall be applicable to the administration and operation of the City Ordinance. City agrees that money collected pursuant to the City Ordinance may be deposited into the State Treasury to the credit of the Retail Sales Tax Fund and may be drawn from that Fund for any authorized purpose, including making refunds, compensating and reimbursing the Department pursuant to Article IV of this Agreement, and transmitting to City the amount to which City is entitled.

C. Transmittal of money.

1. For the period during which the tax is in effect, and except as otherwise provided herein, all district taxes collected under the provisions of the City Ordinance shall be transmitted to City periodically as promptly as feasible, but not less often than twice in each calendar quarter.

2. For periods subsequent to the expiration date of the tax whether by City’s self-imposed limits or by final judgment of any court of the State of California holding that City’s Ordinance is invalid or void, all district taxes collected under the provisions of the City Ordinance shall be transmitted to City not less than once in each calendar quarter.

3. Transmittals may be made by mail or electronic funds transfer to an account of the City designated and authorized by the City. A statement shall be furnished at least quarterly indicating the amounts withheld pursuant to Article IV of this Agreement.

D. Rules. The Department shall prescribe and adopt such rules and regulations as in its judgment are necessary or desirable for the administration and operation of the City Ordinance and the distribution of the district taxes collected thereunder.

E. Preference. Unless the payor instructs otherwise, and except as otherwise provided in this Agreement, the Department shall give no preference in applying money received for state sales and use taxes, state-administered local sales and use taxes, and district transactions and use taxes owed by a taxpayer, but shall apply moneys collected to the satisfaction of the claims of the State, cities, counties, cities and counties, redevelopment agencies, other districts, and City as their interests appear.

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F. Security. The Department agrees that any security which it hereafter requires to be furnished by taxpayers under the State Sales and Use Tax Law will be upon such terms that it also will be available for the payment of the claims of City for district taxes owing to it as its interest appears.

The Department shall not be required to change the terms of any security now held by it, and City shall not participate in any security now held by the Department.

G. Records of the Department.

When requested by resolution of the legislative body of the City under section 7056 of the Revenue and Taxation Code, the Department agrees to permit authorized personnel of the City to examine the records of the Department, including the name, address, and account number of each seller holding a seller’s permit with a registered business location in the City, pertaining to the ascertainment of transactions and use taxes collected for the City. Information obtained by the City from examination of the Department's records shall be used by the City only for purposes related to the collection of transactions and use taxes by the Department pursuant to this Agreement.

H. Annexation. City agrees that the Department shall not be required to give effect to an annexation, for the purpose of collecting, allocating, and distributing District transactions and use taxes, earlier than the first day of the calendar quarter which commences not less than two months after notice to the Department. The notice shall include the name of the county or counties annexed to the extended City boundary. In the event the City shall annex an area, the boundaries of which are not coterminous with a county or counties, the notice shall include a description of the area annexed and two maps of the City showing the area annexed and the location address of the property nearest to the extended City boundary on each side of every street or road crossing the boundary.

ARTICLE III

ALLOCATION OF TAX
A. Allocation. In the administration of the Department's contracts with all districts that impose transactions and use taxes imposed under ordinances, which comply with Part 1.6 of Division 2 of the Revenue and Taxation Code:

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1. Any payment not identified as being in payment of liability owing to a designated district or districts may be apportioned among the districts as their interest appear, or, in the discretion of the Department, to all districts with which the Department has contracted using ratios reflected by the distribution of district taxes collected from all taxpayers.

2. All district taxes collected as a result of determinations or billings made by the Department, and all amounts refunded or credited may be distributed or charged to the respective districts in the same ratio as the taxpayer's self-declared district taxes for the period for which the determination, billing, refund or credit applies.

B. Vehicles, Vessels, and Aircraft. For the purpose of allocating use tax with respect to vehicles, vessels, or aircraft, the address of the registered owner appearing on the application for registration or on the certificate of ownership may be used by the Department in determining the place of use.

ARTICLE IV

COMPENSATION
The City agrees to pay to the Department as the State's cost of administering the City Ordinance such amount as is provided for by law. Such amounts shall be deducted from the taxes collected by the Department for the City.

ARTICLE V

MISCELLANEOUS PROVISIONS
A. Communications. Communications and notices may be sent by first class United States mail to the addresses listed below, or to such other addresses as the parties may from time to time designate or through email at [email protected]. If and when communications and notices may include confidential information, communications and notices must be sent through encrypted email at [email protected] or by mail.

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Communications and notices to be sent to the Department shall be addressed to:

California State Department of Tax and Fee Administration P.O. Box 942879
Sacramento, California 94279-0027
Attention: Administrator
Local Revenue Branch
Communications and notices to be sent to the City shall be addressed to:
______City of Glendora____________________________
______116 E. Foothill Boulevard_____________________
______Glendora, CA 91741_________________________
______Attention: Finance Director/City Treasurer_______ Unless otherwise directed, transmittals of payment of District transactions and use taxes will be sent to the address above.

B. Term. The date of this Agreement is the date on which it is approved by the Department of General Services. The Agreement shall take effect on April 1, 2025. This Agreement shall continue until December 31 next following the expiration date of the City Ordinance, and shall thereafter be renewed automatically from year to year until the Department completes all work necessary to the administration of the City Ordinance and has received and disbursed all payments due under that Ordinance.

C. Notice of Repeal of Ordinance. City shall give the Department written notice of the repeal of the City Ordinance not less than 110 days prior to the operative date of the repeal.

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ARTICLE VI

ADMINISTRATION OF TAXES IF THE

ORDINANCE IS CHALLENGED AS BEING INVALID
A. Impoundment of funds.

1. When a legal action is begun challenging the validity of the imposition of the tax, the City shall deposit in an interest-bearing escrow account, any proceeds transmitted to it under Article II. C., until a court of competent jurisdiction renders a final and non-appealable judgment that the tax is valid.

2. If the tax is determined to be unconstitutional or otherwise invalid, the City shall transmit to the Department the moneys retained in escrow, including any accumulated interest, within ten days of the judgment of the trial court in the litigation awarding costs and fees becoming final and non-appealable.

B. Costs of administration. Should a final judgment be entered in any court of the State of California, holding that City's Ordinance is invalid or void, and requiring a rebate or refund to taxpayers of any taxes collected under the terms of this Agreement, the parties mutually agree that:

1. Department may retain all payments made by City to Department to prepare to administer the City Ordinance.

2. City will pay to Department and allow Department to retain Department's cost of administering the City Ordinance in the amounts set forth in Article IV of this Agreement.

3. City will pay to Department or to the State of California the amount of any taxes plus interest and penalties, if any, that Department or the State of California may be required to rebate or refund to taxpayers.

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4. City will pay to Department its costs for rebating or refunding such taxes, interest, or penalties. Department's costs shall include its additional cost for developing procedures for processing the rebates or refunds, its costs of actually making these refunds, designing and printing forms, and developing instructions for Department's staff for use in making these rebates or refunds and any other costs incurred by Department which are reasonably appropriate or necessary to make those rebates or refunds. These costs shall include Department's direct and indirect costs as specified by Section 11256 of the Government Code.

5. Costs may be accounted for in a manner, which conforms to the internal accounting, and personnel records currently maintained by the Department. The billings for such costs may be presented in summary form. Detailed records will be retained for audit and verification by City.

6. Any dispute as to the amount of costs incurred by Department in refunding taxes shall be referred to the State Director of Finance for resolution and the Director's decision shall be final.

7. Costs incurred by Department in connection with such refunds shall be billed by Department on or before the 25th day of the second month following the month in which the judgment of a court of the State of California holding City's Ordinance invalid or void becomes final. Thereafter Department shall bill City on or before the 25th of each month for all costs incurred by Department for the preceding calendar month. City shall pay to Department the amount of such costs on or before the last day of the succeeding month and shall pay to Department the total amount of taxes, interest, and penalties refunded or paid to taxpayers, together with Department costs incurred in making those refunds.

CITY OF GLENDORA CALIFORNIA STATE DEPARTMENT

OF TAX AND FEE ADMINISTRATION
By By
(Signature) Administrator
Local Revenue Branch
Adam Raymond
(Typed Name) Date: _______________________________
City Manager
(Title)
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(Date)
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01240.0001/1037108.1

EXHIBIT A
City Ordinance
[Attached]
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ORDINANCE NO. 2089

AN ORDINANCE OF THE PEOPLE OF THE CITY OF GLENDORA,
CALIFORNIA, ADDING A NEW CHAPTER 3.53 TO THE GLENDORA
MUNICIPAL CODE TO ENACT A ONE-QUARTER PERCENT (0.25%)

SUPPLEMENTAL GENERAL TRANSACTIONS AND USE TAX, TO BE

EFFECTIVE IN THE EVENT LOS ANGELES COUNTY MEASURE H IS

REPEALED OR EXPIRES, WHICH SHALL BE ADMINISTERED BY THE

CALIFORNIA DEPARTMENT OF TAX AND FEE ADMINISTRATION

THE CITY COUNCIL
City of Glendora, California
WHEREAS, pursuant to California Revenue and Taxation Code section 7285.9, the City of Glendora (“City”), is authorized, subject to approval by a majority vote of the qualified voters of the City voting in an election on the issue, to levy a transactions and use tax for general purposes pursuant to the Transaction and Use Tax Law; and
WHEREAS, pursuant to Article XIII C, section 2 and Elections Code section 10201, the City has determined to submit a proposition to enact an ordinance establishing a transactions and use tax to the voters at the City’s next general election; and WHEREAS, pursuant to California Elections Code section 9222, the City Council has authority to place measures on the ballot to be considered at a General Municipal Election and desires to place a local funding measure on the ballot at the statewide general election held on November 5, 2024; and
WHEREAS, this Ordinance proposing a supplemental general transactions and use tax was approved by the City Council of the City on August 5, 2024 for placement on the ballot, and requires approval by a majority of the voters casting votes at the General Municipal Election on November 5, 2024; and
WHEREAS, the People of the City desire to add a new Chapter 3.53 to the Glendora Municipal Code establishing, effective after Los Angeles County’s Measure H is repealed or expires, a Supplemental General Transactions and Use Tax (“TUT”), on the sale and/or use of all tangible personal property sold at retail in the City, at a rate of one-quarter percent (0.25%).

NOW, THEREFORE, THE PEOPLE OF THE CITY OF GLENDORA AT THE NOVEMBER 5, 2024 GENERAL ELECTION DO HEREBY RESOLVE, DECLARE, AND ORDAIN AS FOLLOWS:

Section 1. Title and Text. This Ordinance shall be known as the “Glendora Supplemental General Transactions and Use Tax”, the full text of which is set forth in Exhibit “A”, attached hereto and incorporated herein by reference. The Recitals set forth above, are hereby incorporated herein by this reference.

Section 2. Approval by the City Council. Pursuant to California Government Code section 53724 and Revenue and Taxation Code section 7285.9, this Ordinance was duly approved for placement on the ballot by a minimum two-thirds (2/3) supermajority of all members of the City Council on August 5, 2024.

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Ordinance No. 2089 Page 2 of 10
Section 3. Approval by the Voters. Pursuant to California Elections Code section 9217, this Ordinance shall be deemed adopted and take effect only if approved by a majority of the eligible voters of the City of Glendora voting at the General Municipal Election of November 5, 2024. It shall be deemed adopted when the City Council has certified the results of that election by resolution and shall take effect ten (10) days thereafter.

Section 4. Operative Date. The “Operative Date” for the TUT contained in this Ordinance shall not commence unless and until Los Angeles County Measure H is repealed or expires, as set forth herein.

Section 5. Use of Tax Proceeds. All proceeds of the tax levied and imposed hereunder shall be accounted for and paid into the City’s General Fund, and may be used for any lawful purpose as designated by the City Council.

Section 6. Severability. 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 7. Appropriations Limit. Pursuant to Article XIIIB of the California Constitution, the appropriations limit for the City of Glendora is increased to the maximum extent over the maximum period of time allowed by law consistent with the revenues generated by the TUT contained in this Ordinance.

Section 8. Council Authority to Amend. This is a City Council-sponsored initiative Ordinance which otherwise would only be subject to amendment by the voters of the City.

However, pursuant to Elections Code Section 9217, the City Council shall have and retain the right and authority to amend this Ordinance to further its purposes and intent (including but not limited to amendment for more efficient administration as determined by the City Council) in any manner that does not increase a tax rate, or otherwise constitute a tax increase for which voter approval is required by Article XIII C of the California Constitution.

Section 9. Execution. If a majority of the voters of the City of Glendora voting at the General Municipal Election held on November 5, 2024, vote in favor of this Ordinance, then the Mayor shall sign this Ordinance.

Section 10. Certification. The City Clerk of the City shall certify that this Ordinance was passed, approved and adopted by the People of the City of Glendora, California, voting on the 5th day of November, 2024, and upon its adoption, the City Clerk is hereby authorized and directed to codify this Ordinance in the Glendora Municipal Code.

PASSED, APPROVED, AND ADOPTED by the People of the City of Glendora at an election held on the 5th day of November, 2024.

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Ordinance No. 2089 Page 3 of 10
BY: __________________________________
MENDELL L. THOMPSON
Mayor
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 5th day of August, 2024. Thereafter, said Ordinance was duly approved and adopted at a regular meeting of the City Council on the _____ day of December, 2024, by the following roll call vote:

AYES: MEMBERS: Allawos, Boyer, Davis, Fredendall, and Thompson.

NOES: MEMBERS: None.

ABSENT: MEMBERS: None.

ABSTAIN: MEMBERS: None.

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 __________.

Dated:

KATHLEEN R. SESSMAN
City Clerk/Communications Director
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EXHIBIT “A”
A new Chapter 3.53 is hereby added to the Glendora Municipal Code to read as follows:
“Chapter 3.53

SUPPLEMENTAL GENERAL TRANSACTIONS AND USE TAX

3.53.010 Title.

This ordinance shall be known as the “City of Glendora Supplemental General Transactions and Use Tax.” The City of Glendora hereinafter shall be called “city.” This ordinance shall be applicable in the incorporated territory of the city.

3.53.020 Operative date.

The “Operative date” of the City of Glendora Supplemental General Transactions and Use Tax shall be the date that is ten (10) days after the day on which the City Council has declared that the voters of the City of Glendora have approved this ordinance; provided, however, the Operative date of this ordinance shall not commence until the date on which Los Angeles County Measure H is repealed or expires.

3.53.030 Purpose.

This ordinance is adopted to achieve the following, among other purposes, and directs that the provisions hereof be interpreted in order to accomplish those purposes:

A. To impose a retail transactions and use tax in accordance with the provisions of Part 1.6 (commencing with Section 7251) of Division 2 of the Revenue and Taxation Code and Section 7285.9 of Part 1.7 of Division 2 which authorizes the city to adopt this tax ordinance which shall be operative if a majority of the electors voting on the measure vote to approve the imposition of the tax at an election called for that purpose.

B. To adopt a retail transactions and use tax ordinance that incorporates provisions identical to those of the Sales and Use Tax Law of the State of California insofar as those provisions are not inconsistent with the requirements and limitations contained in Part 1.6 of Division 2 of the Revenue and Taxation Code.

C. To adopt a retail transactions and use tax ordinance that imposes a tax and provides a measure therefore that can be administered and collected by the California Department of Tax and Fee Administration in a manner that adapts itself as fully as practicable to, and requires the least possible deviation from, the existing statutory and administrative procedures followed by the California Department of Tax and Fee Administration in administering and collecting the California State Sales and Use Taxes.

D. To adopt a retail transactions and use tax ordinance that can be administered in a manner that will be, to the greatest degree possible, consistent Item #9. Page 20
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with the provisions of Part 1.6 of Division 2 of the Revenue and Taxation Code, minimize the cost of collecting the transactions and use taxes, and at the same time, minimize the burden of record keeping upon persons subject to taxation under the provisions of this chapter.

3.53.040 Contract with state.

Prior to the operative date, the city shall contract with the California Department of Tax and Fee Administration to perform all functions incident to the administration and operation of this transactions and use tax ordinance; provided, that if the city shall not have contracted with the California Department of Tax and Fee Administration prior to the operative date, it shall nevertheless so contract and in such a case the operative date shall be the first day of the first calendar quarter following the execution of such a contract.

3.53.050 Transactions tax rate.

For the privilege of selling tangible personal property at retail, a tax is hereby imposed upon all retailers in the incorporated territory of the city at the rate of 1/4 of a cent per dollar (0.25%) of the gross receipts of any retailer from the sale of all tangible personal property sold at retail in said territory on and after the operative date of this ordinance.

3.53.060 Place of sale.

For the purposes of this chapter, all retail sales are consummated at the place of business of the retailer unless the tangible personal property sold is delivered by the retailer or his agent to an out-of-state destination or to a common carrier for delivery to an out-of-state destination. The gross receipts from such sales shall include delivery charges, when such charges are subject to the state sales and use tax, regardless of the place to which delivery is made. In the event a retailer has no permanent place of business in the state or has more than one place of business, the place or places at which the retail sales are consummated shall be determined under rules and regulations to be prescribed and adopted by the California Department of Tax and Fee Administration.

3.53.070 Use tax rate.

An excise tax is hereby imposed on the storage, use or other consumption in the city of tangible personal property purchased from any retailer on and after the operative date of this ordinance for storage, use or other consumption in said territory at the rate of 1/4 of a cent per dollar (0.25%) of the sales price of the property. The sales price shall include delivery charges when such charges are subject to state sales or use tax regardless of the place to which delivery is made.

3.53.080 Adoption of provisions of state law.

Except as otherwise provided in this chapter and except insofar as they are inconsistent with the provisions of Part 1.6 of Division 2 of the Revenue and Taxation Code, all of the provisions of Part 1 (commencing with Section 6001) of Item #9. Page 21
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Division 2 of the Revenue and Taxation Code are hereby adopted and made a part of this chapter as though fully set forth herein.

3.53.090 Limitations on adoption of state law and collection of use taxes.

In adopting the provisions of Part 1 of Division 2 of the Revenue and Taxation Code:

A. Wherever the State of California is named or referred to as the taxing agency, the name of this city shall be substituted therefor. However, the substitution shall not be made when:

1. The word “state” is used as a part of the title of the State Controller, State Treasurer, State Treasury, or the Constitution of the State of California;

2. The result of that substitution would require action to be taken by or against this city or any agency, officer, or employee thereof rather than by or against the California Department of Tax and Fee Administration, in performing the functions incident to the administration or operation of this ordinance.

3. In those sections, including, but not necessarily limited to sections referring to the exterior boundaries of the State of California, where the result of the substitution would be to:
a. Provide an exemption from this tax with respect to certain sales, storage, use or other consumption of tangible personal property which would not otherwise be exempt from this tax while such sales, storage, use or other consumption remain subject to tax by the state under the provisions of Part 1 of Division 2 of the Revenue and Taxation Code, or;
b. Impose this tax with respect to certain sales, storage, use or other consumption of tangible personal property which would not be subject to tax by the state under the said provision of that code.

4. In Sections 6701, 6702 (except in the last sentence thereof), 6711, 6715, 6737, 6797 or 6828 of the Revenue and Taxation Code.

B. The word “city” shall be substituted for the word “state” in the phrase “retailer engaged in business in this state” in Section 6203 and in the definition of that phrase in Section 6203.

1. The words “A retailer engaged in business in the city” shall also include any retailer that, in the preceding calendar year or the current calendar year, has total combined sales of tangible personal property in this state or for delivery in the State by the retailer and all persons related to the retailer that exceeds five hundred thousand dollars ($500,000). For purposes of this section, a person is related to another person if both persons are related to Item #9. Page 22
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each other pursuant to Section 267(b) of Title 26 of the United States Code and the regulations thereunder.

3.53.100 Permit not required.

If a seller’s permit has been issued to a retailer under Section 6067 of the Revenue and Taxation Code, an additional transactor’s permit shall not be required by this ordinance.

3.53.110 Exemptions and exclusions.

A. There shall be excluded from the measure of the transactions tax and the use tax the amount of any sales tax or use tax imposed by the State of California or by any city, city and county, or county pursuant to the Bradley-Burns Uniform Local Sales and Use Tax Law or the amount of any state-administered transactions or use tax.

B. There are exempted from the computation of the amount of transactions tax the gross receipts from:

1. Sales of tangible personal property, other than fuel or petroleum products, to operators of aircraft to be used or consumed principally outside the county in which the sale is made and directly and exclusively in the use of such aircraft as common carriers of persons or property under the authority of the laws of this State, the United States, or any foreign government.

2. Sales of property to be used outside the city which is shipped to a point outside the city, pursuant to the contract of sale, by delivery to such point by the retailer or his agent, or by delivery by the retailer to a carrier for shipment to a consignee at such point. For the purposes of this paragraph, delivery to a point outside the city shall be satisfied:
a. With respect to vehicles (other than commercial vehicles) subject to registration pursuant to Chapter 1 (commencing with Section 4000) of Division 3 of the Vehicle Code, aircraft licensed in compliance with Section 21411 of the Public Utilities Code, and undocumented vessels registered under Division 3.5 (commencing with Section 9840) of the Vehicle Code by registration to an out-of-city address and by a declaration under penalty of perjury, signed by the buyer, stating that such address is, in fact, his or her principal place of residence; and
b. With respect to commercial vehicles, by registration to a place of business out-of-city and declaration under penalty of perjury, signed by the buyer, that the vehicle will be operated from that address.

3. The sale of tangible personal property if the seller is obligated to furnish the property for a fixed price pursuant to a contract entered into prior to the operative date of this ordinance.

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4. A lease of tangible personal property which is a continuing sale of such property, for any period of time for which the lessor is obligated to lease the property for an amount fixed by the lease prior to the operative date of this ordinance.

5. For the purposes of subparagraphs (3) and (4) of this section, the sale or lease of tangible personal property shall be deemed not to be obligated pursuant to a contract or lease for any period of time for which any party to the contract or lease has the unconditional right to terminate the contract or lease upon notice, whether or not such right is exercised.

C. There are exempted from the use tax imposed by this ordinance, the storage, use or other consumption in this city of tangible personal property:

1. The gross receipts from the sale of which have been subject to a transactions tax under any state-administered transactions and use tax ordinance.

2. Other than fuel or petroleum products purchased by operators of aircraft and used or consumed by such operators directly and exclusively in the use of such aircraft as common carriers of persons or property for hire or compensation under a certificate of public convenience and necessity issued pursuant to the laws of this State, the United States, or any foreign government. This exemption is in addition to the exemptions provided in Sections 6366 and 6366.1 of the Revenue and Taxation Code of the State of California.

3. If the purchaser is obligated to purchase the property for a fixed price pursuant to a contract entered into prior to the operative date of this ordinance.

4. If the possession of, or the exercise of any right or power over, the tangible personal property arises under a lease which is a continuing purchase of such property for any period of time for which the lessee is obligated to lease the property for an amount fixed by a lease prior to the operative date of this ordinance.

5. For the purposes of subparagraphs (3) and (4) of this section, storage, use, or other consumption, or possession of, or exercise of any right or power over, tangible personal property shall be deemed not to be obligated pursuant to a contract or lease for any period of time for which any party to the contract or lease has the unconditional right to terminate the contract or lease upon notice, whether or not such right is exercised.

6. Except as provided in subparagraph (7), a retailer engaged in business in the city shall not be required to collect use tax from the purchaser of tangible personal property, unless the retailer ships or delivers the property into the city or participates within the city in making the sale of the property, including, but not limited to, soliciting or receiving the order, either directly or indirectly, at a place of business of the retailer in the city or through any representative, agent, canvasser, solicitor, subsidiary, or person in the city Item #9. Page 24
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under the authority of the retailer or meets the requirements of a retailer engaged in business in the city pursuant to section 3.53.090(B).

7. “A retailer engaged in business in the city” shall also include any retailer of any of the following: vehicles subject to registration pursuant to Chapter 1 (commencing with Section 4000) of Division 3 of the Vehicle Code, aircraft licensed in compliance with Section 21411 of the Public Utilities Code, or undocumented vessels registered under Division 3.5 (commencing with Section 9840) of the Vehicle Code. That retailer shall be required to collect use tax from any purchaser who registers or licenses the vehicle, vessel, or aircraft at an address in the city.

D. Any person subject to use tax under this ordinance may credit against that tax any transactions tax or reimbursement for transactions tax paid to a district imposing, or retailer liable for a transactions tax pursuant to Part 1.6 of Division 2 of the Revenue and Taxation Code with respect to the sale to the person of the property the storage, use or other consumption of which is subject to the use tax.

3.53.120 Amendments.

All amendments subsequent to the effective date of this ordinance to Part 1 of Division 2 of the Revenue and Taxation Code relating to sales and use taxes and which are not inconsistent with Part 1.6 and Part 1.7 of Division 2 of the Revenue and Taxation Code, and all amendments to Part 1.6 and Part 1.7 of Division 2 of the Revenue and Taxation Code, shall automatically become a part of this ordinance, provided however, that no such amendment shall operate so as to affect the rate of tax imposed by this ordinance.

3.53.130 Enjoining collection forbidden.

No injunction or writ of mandate or other legal or equitable process shall issue in any suit, action or proceeding in any court against the state or the city, or against any officer of the state or the city, to prevent or enjoin the collection under this ordinance, or Part 1.6 of Division 2 of the Revenue and Taxation Code, of any tax or any amount of tax required to be collected.

3.53.140 Severability.

If any provision of this chapter or the application thereof to any person or circumstance is held invalid, the remainder of the ordinance and the application of such provision to other persons or circumstances shall not be affected thereby.

3.53.150 Council Authority to Amend.

Pursuant to Elections Code Section 9217, the City Council shall have and retain the right and authority to amend this ordinance to further its purposes and intent (including but not limited to amendment for more efficient administration as determined by the City Council) in any manner that does not increase a tax rate, or otherwise constitute a tax increase for which voter approval is required by Article XIII C of the California Constitution.

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3.53.160 Effective date.

This chapter shall be effective ten (10) days after the date on which the City Council has declared that the voters of the City of Glendora have approved this ordinance by a vote of no less than a majority of the votes cast by the electors voting on the tax measure set forth in this chapter at that general municipal election to be held on November 5, 2024.

3.53.170 Termination date.

The authority to levy the tax imposed by this ordinance shall not expire unless terminated by lawful vote of the electorate or as required or authorized by law.

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STAFF REPORT
TO: Mayor and Council Members DATE: December 10, 2024
FROM: Community Development DISTRICT(S): Citywide
SUBJECT: An ordinance amending the Glendora Municipal Code (Chapter 10.76) pertaining to the regulation of sidewalk vendors

RECOMMENDATION
That the City Council:

1. Waive full reading, read by title only, and introduce for first reading an ordinance entitled, “AN

ORDINANCE OF THE CITY COUNCIL OF THE CITY OF GLENDORA, CALIFORNIA, AMENDING TITLE 10 (VEHICLES AND TRAFFIC) OF THE GLENDORA MUNICIPAL CODE CHAPTERS

10.76 (STREET VENDING) AND 10.77 (SIDEWALK VENDING) TO UPDATE THE CITY OF GLENDORA’S REGULATORY PROGRAM APPLICABLE TO STREET AND SIDEWALK VENDORS; and

2. Direct the preparation of a summary ordinance for publication pursuant to Govt. Code 36933 and Resolution CC 2018-40.

STRATEGIC FOCUS AREAS
 Not Applicable

EXECUTIVE SUMMARY
On September 10, 2024, staff presented a report to the City Council regarding code enforcement responsibilities of the City’s Community Preservation Division. The report included a discussion on sidewalk vending, the California Safe Sidewalk Vending Act, and the City’s sidewalk vending regulations in Section 10.77 of the Glendora Municipal Code (GMC). Pursuant to this report, the City Council directed staff to move forward with the recommendations including a set of revisions to GMC 10.77. The proposed ordinance incorporates these revisions, and additional code updates related to sidewalk and street vending.

LEGISLATIVE HISTORY / PREVIOUS ACTIONS
California’s Safe Sidewalk Vending Act, also known as Senate Bill (SB) 946, decriminalizes sidewalk vending and allows local authorities to create non-criminal laws to protect public health and safety. The act was signed into law by Governor Brown on September 17, 2018 and went into effect on January 1, 2019.

SB 946 defines sidewalk vendor as someone who sells food or merchandise on a sidewalk or pedestrian path but does not apply to food trucks or anything with a motor.

SB 946 allows local authorities to:
 Adopt non-criminal laws to protect public health, safety, and welfare;  Develop guidelines and infrastructure to formalize the street vending industry; and  Support and facilitate sidewalk vendors.

In December of 2019, the City of Glendora adopted Ordinance 2046 establishing a permitting and regulatory program consistent with SB 946.

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On June 11, 2024, the City Council directed City Staff to prepare a report to discuss Community Preservation/Code Enforcement and the City’s sidewalk vendor regulations and permitting program.

On September 10, 2024, Staff presented a report, which included recommendations to revise GMC 10.77 (Sidewalk Vending). Pursuant to the discussion, the City Council directed staff to prepare an ordinance incorporating the recommended revisions.

DISCUSSION
As of November 5, 2024, there are five sidewalk vendor permits in the City. All five vendors are approved to sell flowers from stationary vending devices. Vendors are regularly observed selling flowers along Grand Avenue near the Oakdale Cemetery.

The concentration of vendors and violations have raised safety concerns for vendors, automobile drivers, and pedestrians. Below is a list of frequent violations posing risks to public safety:
 Vending within 15 feet of a driveway.
 Vending within a red curb zone.
 Vending to customers in vehicles.
 Attempting to conduct transactions with persons in moving or illegally parked vehicles.  Exceeding the vending device size requirements.
 Setting up merchandise displays not approved as part of a sidewalk vendor permit.

On September 10, 2024, Staff recommended the following code modifications, which are incorporated into the proposed ordinance.
 Permit applications
o Require a map or drawing of locations if a stationary vendor or route of travel if a roaming vendor.
o Request days and hours of operation.
o Insurance requirements for sidewalk vendors.
 Operating standards
o Display food and merchandise no less than two feet and not more than five feet off the ground.
o Vendors shall not occupy a space exceeding four feet in length and three feet in width including all vending devices and equipment but excluding the space occupied by the vendor.
o One city-approved umbrella or shade structure if attached to a vending device not exceeding eight feet high from the ground.
 Prohibited locations
o No vending within 25 feet of yellow or red curb zone, driveway, street corner, transit stop. o No vending within 50 feet of another vendor.
o No vending within 100 feet of a church, school, or cemetery.  Impound of vending devices, merchandise, and equipment o Vending without a sidewalk vendor permit.
o Vending in violation of the Glendora Municipal Code.
o Disposition of perishable merchandise, and storage of equipment and merchandise.

In addition, penalties which allow for denial of any future applications for a sidewalk vendor permit for a one-year period have been added within the proposed ordinance for any violation by a sidewalk vendor whether operating pursuant to an approved permit or operating without a permit.

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FISCAL IMPACT
Implementation of the proposed ordinance involves staff time to update application forms and processes related to the proposed code revisions. Implementation of the impounding provisions requires the creation and adoption of new fees to the Master Fee Schedule which will return to City Council at a future meeting for approval. Additional expenses will involve translation of new application and code related materials from English to Spanish, and staff time to distribute information to sidewalk vendors. Costs are not anticipated to exceed staff, legal, and contract services adopted budgets.

ENVIRONMENTAL DETERMINATION
Adoption of this Ordinance is not subject to environmental review under the California Environmental Quality Act (CEQA) pursuant to the CEQA Guidelines, California Code of Regulations, Title 14, Chapter 3, section 15060(c)(2) (the activity will not result in a direct or reasonable foreseeable indirect physical change in the environment); 15060(c)(3) (the activity is not a project as defined in Section 15378); and 15061(b)(3) (the activity is covered by the common sense exemption that CEQA applies only to projects which have the potential for causing a significant effect on the environment). The proposed ordinance maintains the status quo and prevents directly related environmental changes. Because there is no possibility that this ordinance may have a significant adverse effect on the environment, adopting this ordinance is exempt.

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

A. Ordinance
B. PowerPoint
Item #10. Page 3
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ORDINANCE NO. _______

AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF
GLENDORA, CALIFORNIA AMENDING TITLE 10 (VEHICLES AND
TRAFFIC) OF THE GLENDORA MUNICIPAL CODE, CHAPTERS 10.76 (STREET VENDING) AND 10.77 (SIDEWALK VENDING) TO UPDATE THE CITY OF GLENDORA’S REGULATORY PROGRAM APPLICABLE

TO STREET AND SIDEWALK VENDORS

THE CITY COUNCIL
City of Glendora, California
WHEREAS, Governor Brown approved Senate Bill 946 (“SB 946”) which, effective as of January 1, 2019, amended Chapter 6.2 to the California Government Code to prohibit criminal prosecution of sidewalk vendors (as defined in SB 946), and precluded local agencies from broadly prohibiting or limiting the total number of sidewalk vendors, and conferred limited authority on local agencies to regulate sidewalk vendors within their jurisdictions; and, WHEREAS, on January 14, 2020, the City of Glendora adopted Ordinance 2046 establishing a regulatory program applicable to sidewalk vendors to implement SB 946; and, WHEREAS, on June 11, 2024, the City Council directed staff to prepare a report to discuss the status of Community Preservation/Code Enforcement and the City’s sidewalk vendor regulations and permitting program; and,
WHEREAS, on September 10, 2024, staff presented a report, which included recommendations to revise GMC 10.77 (Sidewalk Vending), and pursuant to the discussion the City Council directed staff to prepare an ordinance incorporating the recommended revisions; and, WHEREAS, the City Council declares that the provisions of this Ordinance are intended to address deficiencies in the sidewalk vendor regulatory program as they relate to public health, safety, and welfare objectives and concerns.

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

SECTION 1. The following Section of Title 10, Chapter 10.76 STREET VENDING of the Glendora Municipal Code is hereby amended as shown with unaltered text provided for context and the added text provided in bold italics and deleted text in strikethrough as follows.

10.76.030 Permit Approval.

The street vendor permit shall be approved, conditionally approved or denied by the director of community development or designee based on whether the following criteria have been met:
(1) Payment of all applicable fees.
(2) Receipt and approval by the city attorney of certificates of insurance and endorsements for at least five hundred thousand dollars combined single limit, certifying as to adequate liability insurance for the specific street vending business which the street vendor will work for or owns, including coverage for all individuals, property and vehicles to be used in the street vending. If a Item #10. Page 4
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street vendor will not be using a vehicle or commercial vehicle to street vend, then the certificate of insurance will not be required. Evidence of insurance as required by the City’s risk manager. (3) A finding that the street vendor has not been found guilty or pled no contest to any of the following within the past five years: a crime of moral turpitude; a drug-related misdemeanor or felony, including but not limited to, the sale of a controlled substance; the sale, distribution or display of obscene matter; indecent exposure; selling or disposing of lottery tickets; gambling; or bookmaking.
(4) A finding that, on, or after, the later of the date of the adoption of the ordinance codified in this chapter or the year immediately prior to the application, the street vendor has not had a street vendor permit revoked or been found guilty of a violation of this chapter. (5) Accurate completion of the application.

The decision of the director of community development or designee is final.

If the street vendor permit application is approved, the city shall issue a street vendor permit and street vendor identification card to each street vendor. The street vendor identification card shall include a photograph of the street vendor. The street vendor permit and street vendor identification card will be valid for a period of one year and must be renewed on or before the one year anniversary of the issuance of the permit if the street vendor wishes to continue street vending in the city. Nothing contained in this section shall be deemed to exempt or grant a waiver of any requirement set forth in Chapter 5.08 of this code.

Any person found to have misrepresented any information on the application will not be eligible to apply for a street vendor permit for a period of one year.

SECTION 2. The following Sections of Title 10, Chapter 10.77 SIDEWALK VENDING of the Glendora Municipal Code are hereby amended as shown with unaltered text provided for context and the added text provided in bold italics and deleted text in strikethrough as follows.

Chapter 10.77

SIDEWALK VENDING

10.77.010 Definitions.

For the purposes of this chapter, the following definitions shall apply unless the context clearly indicates or requires a different meaning:
"Certified farmers' market" means a location operated in accordance with Chapter 10.5 (commencing with Section 47000) of Division 17 of the Food and Agricultural Code and any regulations adopted pursuant to that chapter.
"City" means the city City of Glendora.
"Director" means director of community development or its designee. "Emergency vehicle access" means the roadway path or other surface that provides police or fire safety vehicular access from the dispatched point of origin to a facility, building, parcel, park or Item #10. Page 5
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portion thereof. Emergency vehicle access includes, but is not limited to, fire lanes, public and private streets, parking lot lanes, access roadways, and walkways. "Food" means any item provided Health and Safety Code Section 113781, or any successor section.
"Merchandise" means any item(s) that can be sold and immediately obtained from a sidewalk vendor that is not considered food, including, but not limited to, souvenirs, toys, articles of clothing, and flowers. Items for rent shall not be considered merchandise. "Park" means any area dedicated or established as a public park owned or operated by the City. "Pathway" means a paved path or walkway for pedestrian travel, other than a sidewalk. "Person" means any natural person, firm, association, organization, partnership, joint venture, business trust, corporation, or company.
"Public property" means all property owned or controlled by the city City, including, but not limited to, an alleys, parks, pathways, streets, parking lots, sidewalks, and/or walking trails. "Roaming sidewalk vendor" means a sidewalk vendor who operates by traveling from place to place and stops only to complete a transaction.
"Sidewalk" means a public sidewalk or paved pedestrian path specifically designed for public pedestrian travel.
"Sidewalk vending device" means a pushcart, stand, pedal-driven cart, display, wagon, showcase, rack or non-motorized conveyance.
"Sidewalk vendor" or "vendor" means a person who sells food or merchandise from a pushcart, stand, display, pedal-driven cart, wagon, showcase, rack, or other nonmotorized conveyance, or from one's person, upon a sidewalk or pathway within the city City, which term shall include a roaming sidewalk vendor and stationary sidewalk vendor as defined herein. "Sidewalk vending" refers to any commercial activity conducted by a sidewalk vendor. “Special event permit” means a permit issued for the temporary use of, or encroachment on, a sidewalk or other public area, including a “special outdoor display event.” "Special outdoor display event" refers to that meaning set forth in Glendora Municipal Code Section 5.32.010.
"Stationary sidewalk vendor" means a sidewalk vendor who operates from a fixed location. "Swap meet" means a location operated in accordance with Article 6 (commencing with Section 21660) of Chapter 9 of Division 8 of the Business and Professions Code, and any regulations adopted pursuant to that chapter, or any successor chapter.

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10.77.020 Permit required—Applicability.

A. No person shall engage in any sidewalk vending activities without first obtaining a sidewalk vendor permit in accordance with the provisions of this chapter from the director, or designee. Permit decisions by the director or designee shall be final.

B. The requirements of this chapter shall not apply to the following persons:

1. Persons delivering goods, wares, merchandise, or food upon order of, or by agreement with, a customer from a store or other fixed place of business or distribution.

2. Solicitors, as described in Glendora Municipal Code Section 5.14.010.

3. Persons selling goods, wares, merchandise, or food from a motorized vehicle, including food trucks or street vendors, which are regulated pursuant to Glendora Municipal Code Section 10.76.

10.77.030 Permit application process and application fee.

A. An application for a sidewalk vending permit shall include the following information:

1. The applicant's name, current mailing address, and telephone number;

2. A copy of a valid California's driver's license or identification number, an individual taxpayer identification number, or a social security number. An applicant for a business license or permit to operate as a sidewalk vendor shall not be required to submit a social security number for the issuance of such license or permit. In lieu of an otherwise required social security number, the city City shall accept a California driver's license or identification number, an individual taxpayer identification number, or a municipal identification number. Identification numbers submitted under this section shall not be made available to the public for inspection, shall be treated as confidential, and shall not be disclosed except as required to administer the license or permit program or to comply with a state law or state or federal court order;

3. Each individual sidewalk vendor must have his or her own permit. In addition, if the vendor is an agent of an individual, company, partnership, or corporation, the name and business address of the principal and the name, address, and telephone number of the person in charge of any roaming sidewalk vendors, and sidewalk vending activity;

4. Two prints of a recent passport size photo of the applicant;

5. Whether the vendor(s) intends to operate as a stationary sidewalk vendor or a roaming sidewalk vendor;

6. A description of the merchandise and/or food to be offered for sale;

7. The number of sidewalk vending devices the sidewalk vendor will operate under the permit and a description and a photograph of each and every sidewalk vending device and trash receptacle to be used (including the dimensions of carts or other conveyances);

8. A copy of a valid California Department of Tax and Fee Administration seller's permit, as required, which shall be maintained during the pendency of the sidewalk vendor's permit; Item #10. Page 7
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9. If a vendor of food, proof of all required approvals from the Los Angeles County Department of Public Health;

10. A description, map, or drawing of the specific location(s) (if a stationary sidewalk vendor) or route of travel (if a roaming sidewalk vendor) where the vendor intends to operate.

11. If a stationary sidewalk vendor, the day(s) and hours of operation at the specified location(s).

12.10. Evidence of insurance as required of street vendors as stated in Glendora Municipal Code Section 10.76.030(2) by the City’s risk manager.

13.11. The applicant's acknowledgment that the sidewalk vendor's use of public property is at their own risk, the city City does not take any steps to ensure public property is safe or conducive to the sidewalk vending activities, and the sidewalk vendor uses public property at his or her own risk.

14.12. The applicant's certification that, to his or her knowledge and belief, the information contained in the application is true and acknowledgment that the sidewalk vendor will comply with all other generally applicable local, state, and federal laws.

B. Application and Permit Fees. Applications shall not be accepted unless accompanied by payment of an application fee that the city City council may establish by separate resolution in an amount not to exceed the city’s City's reasonable cost of providing the services required by this chapter. The application and permit are only applicable to the individual(s) named on the application.

10.77.040 Operating requirements.

All sidewalk vendors are subject to the following operating conditions when conducting sidewalk vending activities:

A. All food and merchandise shall be stored either inside or affixed to the sidewalk vendor device or carried by the sidewalk vendor. Food and merchandise shall not be displayed less than two feet or more than five feet off the ground. Food and merchandise shall not be stored, placed, or kept on any public property.

B. All sidewalk vendors that prepare or sell food must be in compliance with all Los Angeles County and state of California permitting and licensing requirements for the preparation or sale of food.

C. The overall space taken up by the sidewalk vendor device shall not exceed the size requirements provided for in this section. Sidewalk vendors shall not set up, maintain, or permit the use of any additional table, crate, carton, rack, or any other device to increase the selling or display capacity of their stand where such terms have not been described by their application and approved in their sidewalk vendor permit.

D. The sidewalk vendor permit shall always be displayed conspicuously on the sidewalk vending device or upon the side-walk vendor's person. If multiple sidewalk vendors are staffing a sidewalk vendor device or working as roaming sidewalk vendors, each person shall wear their permit on their person in a conspicuous manner.

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E. Sidewalk vendors shall not leave their sidewalk vending device unattended to solicit business for their sidewalk vending activities. Sidewalk vending devices shall not be stored on public property and shall be removed when not in active use by a vendor.

F. All sidewalk vendors shall allow any city City official at any time, to inspect their sidewalk vending device for compliance with the size requirements of this chapter and to ensure the safe operation of any heating elements used to prepare food.

G. Sidewalk vending devices While in operation, a sidewalk vendor shall not occupy a space exceeding four feet in length and three in width including all sidewalk vending devices and equipment, but excluding the space the sidewalk vendor’s own person occupies. exceed a maximum total height of three feet, a total width of three feet, and a total length of three feet.

H. A sidewalk vendor may have one City-approved umbrella or other shade structure if attached to a vending device that does not exceed four feet in width or length, and eight feet in height as measured from the ground.

I.H. If a sidewalk vending device requires more than one person to conduct the sidewalk vending activity, all sidewalk vendors associated with the sidewalk vending device shall be within five feet of the device when conducting sidewalk vending activities.

J.I. Sidewalk vendors that sell food shall maintain a trash container in or on their sidewalk vending device and shall not empty their trash into public trash cans. The size of the food vendor's trash container shall be considered when assessing the total size limit of a sidewalk vending device. All sidewalk vendors shall not leave any location without first picking up, removing, and disposing of all trash, refuse or spillage from their operation. All sidewalk vendors shall immediately clean up any food, refuse, grease or other fluid or items related to sidewalk vending activities that fall on public property.

K.J. Stationary sidewalk vending activities may only occur on sidewalks with an eight-foot minimum width. All vending activities must maintain a four-foot minimum accessible and unobstructed clearance for pedestrians, including sidewalk vending devices and customer queuing area.

L.K. Sidewalk vendors shall comply with the following noise standards:

1. It is unlawful for any sidewalk vendor to shout, make any outcry, blow a horn, ring a bell or use any sound device, including any loud speaking radio or sound-amplifying system while vending where such sound exceeds the city’s City's noise standards as set forth Chapter Glendora Municipal Code Section 9.44.

2. No sidewalk vendor shall operate or permit the operation of any sound amplification system to advertise, to draw attention to the presence of the sidewalk vendor or to communicate commercial information to the general public, except to request emergency assistance or warn of a hazardous situation.

M.L. Sidewalk vendors shall not vend to or otherwise conduct transactions with persons in moving vehicles or vehicles illegally parked or stopped. Sidewalk vending activities may only sell to pedestrians and may not sell to, or attempt to sell to, any customers located in any vehicles.

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N.M. In residential areas, roaming sidewalk vendors may only operate between the hours of eight a.m. and six p.m., Monday through Friday, inclusive and between ten a.m. and six p.m. on weekends and holidays. Stationary vendors may not operate in areas that are zoned exclusively residential.

O.N.In commercial or mixed-use areas, both sidewalk and stationary sidewalk vendors may only operate between eight a.m. and nine p.m., or as consistent with the hours of operation of the businesses on that same street, seven days a week.

10.77.050 Prohibited activities and locations.

A. Sidewalk vendors shall comply with all operating conditions, including those conditions set forth in Glendora Municipal Code Section 10.77.040.

B. Sidewalk vendors shall not engage in any of the following activities:

1. Renting merchandise to customers;

2. Displaying merchandise or food that is not available for immediate sale;

3. Selling of adult-oriented material, illegal or counterfeit merchandise, tobacco, marijuana, smoke or vaping products, live animals, weapons, pharmaceuticals, and/or alcohol.

4. Using an open flame that is not covered by a top.

C. Sidewalk vendors shall not engage in sidewalk vending activities at the following locations:

1. Within fifteen twenty five feet of a:
a. Fire hydrant;
b. Curb which has been designated as yellow or red zone or a transit stop; c. Vehicle Ddriveway or entrance/exit, alley or street corner; and d. Bike racks, benches, bus transit stops or similar public use.

2. Within 50 fifty feet of:
a. Another sidewalk vendor or street vendor; and
b. An active construction zone.

3.2. On any designated emergency vehicle access way.

4.3. On any public property that does not meet the definition of a sidewalk, except as otherwise stated in subsection D below.

5.4. Within one hundred feet of a sidewalk or other public area designated for a special outdoor display event, parade permit, swap meet, certified farmers' market, filming, or encroachment issued by the city City, during the limited duration of the permit.

6.5. On any private property without the express written consent of the owner or lessee of the Item #10. Page 10
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property.

7.6. Any location that would impede entering or exiting a parked vehicle.

8.7. Stationary sidewalk vendors shall not sell food or merchandise or engage in any sidewalk vending activities at any park where the city City has signed an agreement for concessions that exclusively permits the sale of food or merchandise by a concessionaire.

9.8. Within one hundred feet of any public safety facility, including without limitation police stations, first responder locations, and fire stations.

10. Within one hundred feet of any property line of any property on which school, church, or cemetery is located.
119. On any sidewalk where vending equipment and queuing patrons would restrict access requirements under the Americans with Disabilities Act.

12.10. Sidewalk vending devices shall not touch, lean against or be affixed at any time to any building or structure including, but not limited to, lampposts, parking meters, mailboxes, traffic signals, fire hydrants, benches, bus shelters, newsstands, trashcans, or traffic barriers.

D. Sidewalk vendors may be permitted to operate upon sidewalks in parks owned or operated by the city City. However, no stationary sidewalk vendor may operate in a city City-owned or city City-operated park if the operator of the park has signed an agreement for concessions that exclusively permits the sale of food or merchandise by the concessionaire.

10.77.060 Permit nontransferable.

A sidewalk vending license permit shall not be transferable to any person or be valid for vending operations in any location(s) other than that location designated on in the license permit for the term stated.

10.77.070 Violations and penalties.

A. Any violation of this chapter or any term of a sidewalk vendor's permit, except a violation for operating without a required sidewalk vendor's permit, is punishable only as follows:

1. An administrative fine not exceeding one hundred dollars for a first violation.

2. An administrative fine not exceeding two hundred dollars for a second violation within one year of the first violation.

3. An administrative fine not exceeding five hundred dollars for each additional violation within one year of the first violation.

4. Rescission of the sidewalk vendor's permit for the remaining term of that permit upon the fourth violation or subsequent violations within one year of the first violation.

5. Any subsequent application for a sidewalk vendor permit from a sidewalk vendor who has been found in violation of the provisions of this chapter shall not be approved for one year after the fourth violation or subsequent violations within one year after such fourth violation.

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B. A violation for operating without a required sidewalk vendor's permit is punishable only as follows:

1. An administrative fine not exceeding two hundred fifty dollars for a first violation.

2. An administrative fine not exceeding five hundred dollars for a second violation within one year of the first violation.

3. An administrative fine not exceeding one thousand dollars for each additional violation within one year of the first violation.

4. Any application for a sidewalk vendor permit from a sidewalk vendor who has been found to be in violation of the provisions of this chapter shall not be approved for one year after the second violation or subsequent violations within one year after such second violation.

C. Upon proof that a sidewalk vendor possesses the required sidewalk vendor's permit, any administrative fine imposed pursuant to subsection B of this section for operating without a required sidewalk vendor's permit shall be reduced to the applicable fine amount set forth in subsection A of this section.

D. Notwithstanding any other provision of this section, all fines imposed pursuant to this section shall be subject to an ability-to-pay determination as described in Government Code Section 51039(f), and as amended. Concurrent with issuance of any citation for administrative fines pursuant to this section, the citing officer shall provide the sidewalk vendor with notice of his or her right to request an ability-to-pay determination, and shall make available to the sidewalk vendor instructions or other materials for requesting the ability-to-pay determination.

E. Notwithstanding any other provision of this code, no violation of this chapter shall be punished as a criminal offense.

10.77.080 Ability-to-pay determinations.

A. When assessing an administrative fine under this chapter, the city City will take into consideration a person's ability to pay the fine. Furthermore:

1. Any fine issued under this chapter will be accompanied by notice of and instruction regarding a person's right to request an ability-to-pay determination.

2. A person may request an ability-to-pay determination at adjudication or while the judgment remains unpaid, including when a case is delinquent or has been referred to a comprehensive collection program.

B. If a person is receiving public benefits under Government Code Section 68632, subdivision (a), or has a monthly income which is one hundred twenty-five percent or less than the current poverty guidelines updated periodically in the Federal Register by the United States Department of Health and Human Services, the person's administrative fine will be limited to twenty percent of the amount assessed according to the fee schedules in Section

5.122.110(8). The city City may also take the following actions:

1. Allow the person to complete community service in lieu of paying the total administrative Item #10. Page 12
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fine; or

2. Waive the administrative fine; or

3. Offer an alternative disposition.

10.77.090 Vending Devices, Merchandise, and Equipment Impounded A. In order to protect the health, safety, and welfare of sidewalk vendors, patrons, and the general public, the City may impound a sidewalk vendor’s vending device, food, equipment and any goods therein used in violation of this chapter, and/or any other applicable city, Los Angeles County or state law for the following reasons:

1. Merchandise displayed, offered, or made available for sale by a sidewalk vendor who does not hold a valid sidewalk vendor permit from the City;

2. Displaying or selling merchandise or food in violation of this chapter and applicable federal, state, county, or city laws, ordinances, and regulations, including but not limited to illegal or counterfeit merchandise, alcohol, tobacco, marijuana, smoke or vaping products, adult oriented material, live animals, weapons, and/or pharmaceuticals;

3. Food displayed, offered, or made available for sale including equipment used by a sidewalk vendor without holding a valid and displayed health permit from the Los Angeles County Department of Public Health in violation of City, county or state law;

4. The sidewalk vending device, merchandise, or equipment reasonably appear to be unattended or abandoned on public property for more than thirty consecutive minutes without moving from the exact spot it was located and reasonable attempts were made to locate the owner or responsible persons within fifty feet of the vending device, merchandise, or equipment;

5. Merchandise displayed, offered, or made available for sale by a sidewalk vendor who operates in violation of this chapter, and refuses or fails to provide identification;

6. Operation in violation of this chapter and refusal or failure by a sidewalk vendor to comply within thirty consecutive minutes after being instructed to do so by a City code enforcement officer, or other City official;

7. Merchandise displayed, offered, or made available for sale by a sidewalk vendor who vends in a manner that block or obstructs the free movement of pedestrians on sidewalks and fails to maintain a minimum of four feet of accessible path of travel, without obstruction, so as to enable persons to freely pass while walking, or using mobility assistance devices, and/or in violation of the Federal Americans with Disabilities Act of 1990; or

8. Merchandise or equipment creating an imminent and substantial danger or environmental hazard to health, safety, or general welfare of the public or property at the location of the sidewalk vending device such as, but not limited to, discharge of oil, grease or other slippery substances on the street or sidewalk; using unapproved cooking equipment, heating element, gas-fueled appliances, generator, or any open flame; Item #10. Page 13
Meeting Date: 12/10/2024 / Packet Page #: 146
Ordinance No. _____ Page 11 of 13
attaching or using any water lines, electrical lines, or gas lines; during an urgent or emergency public safety event or incident; using any luminaire, flashing lights or any other animated devices or sign; or using, operating or permitting any radio, loudspeaker or other device for the producing or reproducing of sound.

B. Prior to commencing an impoundment action under the preceding paragraph A, a City code enforcement officer or other City official must issue a verbal warning to the sidewalk vendor operating in violation of this chapter. An impoundment action will proceed only if the sidewalk vendor fails or refuses to comply with the verbal warning within the time specified or, if no time is specified, within a reasonable time.

C. The City may immediately dispose of impounded merchandise that is perishable and/or cannot be safely stored.

D. Sidewalk vending devices, merchandise or equipment impounded pursuant to this section, excluding those items that were immediately disposed of according to

10.77.090(C), shall be held by the City for not more than sixty days from the date of impoundment.

E. The City shall provide the person from whom the vending device, merchandise or equipment were impounded with a receipt and instructions for retrieval of the impounded items, excluding those items that were immediately disposed of according to

10.77.090(C). The receipt and instructions shall be given to the person from whom the items were taken at the time of impound or shall be mailed within two business days of the impound to the address received by the City when the person applied for a sidewalk vending permit.

F. Impounded vending devices, merchandise, and equipment, excluding any items that were disposed of according to 10.77.090(C), will be released to the sidewalk vendor or owner provided that proper proof of ownership is presented, and the City receives payment in full of all administrative costs incurred as a result of the violation. Any unclaimed items will be considered abandoned and forfeited to the City after 60 days following impoundment. The City shall not be liable for damages caused by any official action performed with due care regarding the disposition of items pursuant to this section and the disposal provisions of this chapter.

G. An aggrieved sidewalk vendor may, within 21 calendar days of the impoundment, appeal the impoundment of their items by filing a written request for appeal with the City’s Police Chief. The request for appeal shall to the best of the appellant’s knowledge contain, at a minimum, the following information:

1. The date and time the items were removed by the City;

2. The location from which the items were removed by the City;

3. If appellant is not the person to whom a receipt and instructions for retrieval was issued, proof of ownership of the items removed by the City;

4. A brief statement explaining why the removal was improper.

Item #10. Page 14
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Ordinance No. _____ Page 12 of 13
H. If successful in their appeal, the sidewalk vendor may have their items returned, excluding any items that were immediately disposed of according to 10.77.090(C), any appeal fee paid by the sidewalk vendor shall be refunded, and the sidewalk vendor shall not be required to pay the impound fee(s).

I. A sidewalk vendor may recover impounded sidewalk vending device or equipment, excluding any items immediately disposed of according to 10.77.090(C), upon paying applicable impound fees and demonstrating proper proof of ownership of the items.

J. The City Council may adopt by ordinance or resolution impound fees, which shall reflect the City’s personnel, enforcement, investigation, storage, disposal, and impound costs.

K. The City Manager is authorized to develop additional regulations for the storage and release of impounded items not in conflict with this chapter.

SECTION 3. Severability clause: 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 City Council hereby declares that it would have adopted this Ordinance irrespective of the invalidity of any particular portion thereof.

SECTION 4. Repealer Clause: 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.

SECTION 5. Effective Date: The Mayor shall sign this Ordinance and the City Clerk shall attest and certify to the passage and adoption thereof and cause same to be published at least once in the San Gabriel Valley Examiner, a weekly newspaper of general circulation, published in the City of Glendora, which newspaper is hereby designated for that purpose (GC Cal. Govt. Code § 40806). This Ordinance shall be effective on the thirtieth (30th) day after its adoption by the City Council
PASSED, APPROVED and ADOPTED this ___ day of ____, 20__.

City Council of Glendora, California
BY: __________________________________
MENDELL L. THOMPSON
Mayor
APPROVED AS TO FORM:

Aleshire & Wynder, LLP

DANNY ALESHIRE
City Attorney
Item #10. Page 15
Meeting Date: 12/10/2024 / Packet Page #: 148
Ordinance No. _____ Page 13 of 13

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 ______, 20__. 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: MEMBERS:

NOES: MEMBERS:

ABSENT: MEMBERS:

ABSTAIN: MEMBERS:

Dated:

KATHLEEN R. SESSMAN
City Clerk/Communications Director
Item #10. Page 16
Meeting Date: 12/10/2024 / Packet Page #: 149
SIDEWALK VENDING ORDINANCE
COMMUNITY DEVELOPMENT
CITY COUNCIL MEETING
DECEMBER 10, 2024
JEFF KUGEL, COMMUNITY DEVELOPMENT DIRECTOR
Item #10. Page 17
Meeting Date: 12/10/2024 / Packet Page #: 150
WHAT IS A SIDEWALK VENDOR?
A person who sells food or merchandise from a pushcart, stand, display, pedal-driven cart, wagon, showcase, rack, or other nonmotorized conveyance, or from one’s person, upon a public sidewalk or other pedestrian path.

Item #10. Page 18
Meeting Date: 12/10/2024 / Packet Page #: 151

BACKGROUND
• In 2018, State of California adopted SB 946. SB 946 requires that local regulations for sidewalk vendors be limited to health, safety and welfare concerns.
• In 2019, the City adopted Ordinance 2046 establishing a permitting and regulatory program consistent with SB 946.
• September 10, 2024, report to Council on community preservation and sidewalk vending.
• Council provided direction for ordinance incorporating recommendations.

Item #10. Page 19
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PROPOSED ORDINANCE
• Permit applications
– Require map of location(s) and/or route(s) of travel
– Days and hours of operation
– Insurance requirements
• Operating standards
– Display food and merchandise no less than two feet and not more than five feet off the ground
– Limit operating space to four feet in length and three feet in width – One city-approved umbrella or shade structure attached to a vending device not exceeding eight feet from ground
Item #10. Page 20
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PROPOSED ORDINANCE
• Prohibited locations
– No vending within 25’ of yellow or red curb zone, driveway, street corner, or transit stop
– No vending within 50’ of another vendor
– No vending within 100’ of a church, school, or cemetery • Impound of vendor equipment and merchandise
– Vending without a sidewalk permit
– Vending in violation of the Glendora Municipal Code
– Disposition of perishable merchandise, and storage of equipment and merchandise • Penalties which allow for denial of any future applications for a sidewalk vendor permit for a one-year period.

Item #10. Page 21
Meeting Date: 12/10/2024 / Packet Page #: 154

RECOMMENDATION

1. WAIVE FULL READING, READ BY TITLE ONLY, AND INTRODUCE FOR FIRST READING AN ORDINANCE ENTITLED, “AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF GLENDORA,  CALIFORNIA, AMENDING  TITLE  10 (VEHICLES AND  TRAFFIC)  OF  THE GLENDORA  MUNICIPAL  CODE,  CHAPTERS  10.76  (STREET  VENDING)  AND  10.77 (SIDEWALK  VENDING)  TO  UPDATE  THE  CITY  OF  GLENDORA’S  REGULATORY PROGRAM APPLICABLE TO STREET AND SIDEWALK VENDORS

2. DIRECT  THE  PREPARATION  OF  A  SUMMARY  ORDINANCE  FOR  PUBLICATION PURSUANT TO GOVT CODE 36933 AND RESOLUTION CC 2018-40.

Item #10. Page 22
Meeting Date: 12/10/2024 / Packet Page #: 155

STAFF REPORT
TO: Mayor and Council Members DATE: December 10, 2024
FROM: Police DISTRICT(S): Citywide
SUBJECT: Approve the Purchase of New Handguns and Associated Equipment for the Police Department

RECOMMENDATION
That the City Council:

1. That the City Council approve the purchase of new handguns and associated equipment for the police department.

STRATEGIC FOCUS AREAS
 Goal 4: Enhance and Modernize the Organization (EMO)

EXECUTIVE SUMMARY
Over the last eleven years, the Police Department has been utilizing the Glock 22, Generation 4, .40 caliber weapons platform, weapon mounted lights, mounted iron sights and associated holsters for all sworn police personnel from the ranks of Chief and below. This weapon platform and its associated equipment have been used for bi-monthly training and qualifications, FSET (regional SWAT) training and qualifications, and daily on-duty carrying. The manufacturer recommends that firearms used in a professional law enforcement capacity be replaced, on average, every 10 years. This number can fluctuate based on the amount of use and maintenance practices. Based on the age of current equipment replacement of the Police Department handguns is needed. In addition, the improvements in Glock weapon platforms, as well as improvements in ammunition ballistics, and improvements in new optics technology will increase officer and community safety.

LEGISLATIVE HISTORY / PREVIOUS ACTIONS
In 1997, the Police Department made the transition from a 9mm round to a .40 caliber round, largely because of improved ballistics and performance associated with that particular round, as opposed to the smaller and lighter 9mm round. Since 1999, the Police Department has been successfully utilizing the Glock Model 22 handgun for all sworn personnel. The second purchase of Glock Model 22 handguns, their associated holsters, weapon mounted lights and weapon mounted iron sights took place in 2013. No handgun weapon platforms or associated equipment has been updated since 2013.

DISCUSSION
Glock 47 Platform Improvements
Since 2013, there have been significant developments in the Glock weapons platforms and weapon mounted sights. These developments are categorized by “Generation” based weapon platforms. The Police Department currently utilizes the Glock Model 22, Generation 4 weapon platform. Glock has since manufactured the Glock 47, Generation 5 weapon platform, which offers a variety of improvements on the Glock 22 model.

Item #11. Page 1
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The ergonomic features of the Glock 47 weapon platform lends itself to better control and accuracy for all police personnel, regardless of size or stature. The Glock 47’s redesigned grip offers an improved grip texture allowing for a more natural grip and better control of the weapon. The Glock 47 has an improved barrel with superior rifling, which offers improved accuracy. Additionally, the Glock 47 incorporates an ambidextrous slide stop lever and a flared (wider) magazine well, which can be beneficial for faster reloading and easier manipulation in high-stress situations. While prior models of the Glock pistol were designed specifically for right-handed shooters, the new Glock Model 47 is truly ambidextrous. The advances in pistol technology make it more likely that an officer will be more accurate in their placement of fire, potentially resulting in less risk to the officer and less risk to the general public.

The Glock 47’s overall design offers improved materials and inner processes, which contribute to increased durability and reliability. The new design changes, such as the redesigned extractor and improved coating help in maintaining the firearm’s performance under various environmental conditions.

This increased reliability is crucial for officer and community safety. Officers very rarely have the luxury of choosing the environmental conditions in which they work; they must contend with adverse weather, which can potentially affect the performance of the firearm. Advances in reliability are particularly important as weapon failure can be catastrophic for the involved officer as well as members of the community.

The Glock 47 offers greater customization options with the inclusion of modular components like the flared magazine well, which can be replaced and upgraded as needed. The Glock 47 also allows for the installation of an optic sight on delivery, whereas our current Glock 22 models would require significant reconstruction and modification to allow for a newly developed optic. (Optics are discussed in further detail below.) Additionally, the availability of aftermarket parts and accessories are much more readily available for the Glock 47, Generation 5 compared to those of the Generation 4 models, which is necessary for ongoing maintenance and repair.

The recoil of the Glock 47 is significantly reduced in comparison to the Glock Model 22. This is due, in part, to the Glock 47 employing the 9mm round, as opposed to the .40 caliber round. This change in ballistics allows for lesser recoil due to the size, grain, and design of the round. The reduced recoil of the 9mm allows for better control and quicker follow-up shots, making the Glock 47 easier to handle for both newer and experienced shooters. Additionally, the Glock 47’s newer recoil spring assembly and improved barrel design contributes to better “recoil management.” Accuracy and recoil management are critically important, as a myriad of studies show that the probability of stopping a violent assailant with a single shot is highly unlikely. This typically necessitates more than one round being fired by officers to stop a lethal threat. Police officers are trained that they must also be accountable for each round they fire when engaged in defense of their life or the lives of others. The ability to maintain control of the weapon and provide multiple accurate shots against a lethal assailant helps to ensure the safety of not only the officer, but other community members who may be present during such an event.

In summary, the Glock 47 Generation 5 offers a range of improvements in terms of ergonomics, modern features, durability, customization, and recoil management compared to the Glock Model 22 Generation 4.

Ballistic (Ammunition) Improvements
Over the last 30 years there have been great strides in hollow point, bullet technology resulting in the 9mm becoming more than equal with the .40 caliber round in effectiveness. The 9mm offers significantly better ballistic capabilities as well.

When comparing 9mm and .40 caliber rounds, there are several factors that make the 9mm a better choice. First, the 9mm generally has less recoil compared to the .40 caliber. This reduced recoil makes it easier to manage and control the firearm, especially when shooting multiple rounds in a compressed time period. In addition, 9mm ammunition tends to be less expensive than .40 caliber ammunition. This is partly due to higher production volumes and greater demand. As a result, practicing and training with 9mm ammunition can be more cost-effective. Finally, modern 9mm ammunition has improved significantly, offering effective stopping power with good expansion and penetration. It’s widely considered sufficient for law enforcement purposes and was adopted for use by the FBI in 2015.

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Because the 9mm round is smaller, the Glock 47 allows for greater ammunition capacity compared to the Glock Model 22. The Glock 47 allows for a standard capacity of 17 rounds, with optional upgrades up to 24 rounds. This stands in contrast to the Glock 22’s standard capacity of 15 rounds. The average law enforcement shooting is over in a period of a few seconds. Having greater round capacity allows an officer to conduct fewer reloads, which take, on average, between 2-3 seconds for a highly experienced expert marksman. A reduction or elimination in the need to reload during a lethal force encounter can mean the difference between winning or losing a gunfight. In addition, the 9mm rounds are lighter, resulting in an overall reduced weight when comparing the Glock 47’s loaded weight to the Glock 22.

Optic Sight Superiority
Historically, all handguns have utilized mounted, “iron sights” over the barrel of the weapon. Iron mounted sights require a great deal of scrutiny as officers aims their weapon. While utilizing iron sights, the officer is required to line up the front and rear sights of the weapon from both front and back and side to side. This may result in incorrect aiming if “sight alignment” is off. This also requires the officer to focus on the front sight of the weapon when firing; this is a difficult task during a rapidly evolving deadly force incident. Optic sights allow for quicker aiming and better accuracy as the “sight picture” is easily acquired through the sight window of an optic sight.

Optics technology has improved significantly over the last 11 years resulting in optics being significantly reduced in size. This reduction in size has resulted in handguns now being capable of mounting lowprofile, effective sight picture optics of their own.

The Glock 47, Generation 5 weapon platform allows for a low-profile, Red-Dot optic over the barrel of the weapon in addition to the standard iron sights. Weapon-mounted optics offer several advantages over traditional iron sights, particularly in terms of speed, accuracy, and overall effectiveness in various shooting scenarios.

Optic sights are superior to iron sights in that they offer enhanced accuracy. Optics greatly improve accuracy by providing a clear, precise aiming point. This is particularly useful for longer distances where iron sights might be less effective. Red-Dot optic sights, for example, allow officers to maintain a consistent point of aim and can significantly enhance accuracy even in fast-paced shooting situations.

Optics also offer faster target acquisition. Red-Dot optic sights and other types of optics allow for quicker target acquisition. Since you don’t need to align front and rear sights as with iron sights, you can place the dot on the target and fire more rapidly and accurately. This speed and accuracy is crucial in dynamic incidents.

Optics, especially those with illuminated reticles, perform better in low-light conditions compared to iron sights. In poor lighting, the brightness of the reticle in an optic can make target acquisition much easier, whereas iron sights may become difficult to see and align properly.

Many modern optics are designed to minimize parallax error, which is the apparent shift in the point of impact relative to the sight picture when the shooter’s eye is not perfectly aligned. This can result in more consistent shot placement, especially at longer ranges.

With optics like Red-Dot optic sights, you can keep both eyes open while aiming. This practice helps maintain better situational awareness, allowing officers to track moving targets and stay aware of their environment. Iron sights typically require focusing on the front sight, which can limit peripheral vision and negatively affect the shooters balance.

Optics provide a consistent aiming point regardless of how the officer holds the firearm. In contrast, iron sights require precise alignment of the front and rear sights, which can be affected by the officer’s position and stance. Optics simplify aiming and can be more forgiving of minor deviations.

Optics often reduce the need for focusing and re-focusing that can occur with iron sights, especially when Item #11. Page 3
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switching between targets at different distances. This can lead to less eye strain and fatigue, particularly during extended shooting sessions.

As officers age, their ability to focus on small iron sights can diminish. Optics, especially those with larger reticles and adjustable brightness, can be easier for individuals with declining vision to use effectively.

Overall, the use of optics, as opposed to the traditional iron sights, allows officers the ability to fire more accurately and more quickly. Given the requirement to ensure that each round strikes its intended target, the inclusion of optics with the new firearms purchase will increase both officer and community safety.

Additional Necessary Equipment
Along with the purchase of the Glock 47 Generation 5 handgun and weapon mounted optics, additional necessary equipment includes appropriate holsters suited to the new weapon platform, along with weapon mounted lights and night rated iron sights. A properly fitted holster, designed specifically for the weapon being carried, is considered to be the industry standard. Officers often find themselves in tense and rapidly evolving situations that do not involve firearms but do involve physical confrontations with violent individuals. In these instances, the retention of the police officer’s weapon is critical to both officer and community member safety. The prospect of a suspect forcefully removing an officer’s weapon presents tremendous risk to the officer and the community. For this reason, it is necessary to purchase new holsters, designed to fit the proposed firearm.

The Glock 47 Generation 5 with mounted optic differs significantly in structure and shape compared to the Glock Model 22 Generation 4. As such, our current holsters will no longer be functional and will need to be replaced with updated versions. The new holster versions will have the same level of security and weapon retention currently in place.

As with the Glock Model 22 we currently use, the Glock 47 implements an under-barrel, weapon mounted light option. This is necessary for our officer’s safety and effectiveness when using their duty weapon in low, or no-light situations. Our current weapon mounted light, the Streamlight TLR-1 has been improved with the TLR-1 HL model since 2013. The new weapon mounted lights will offer higher lumens, light-beam distance, width, and the ability to flood a dark area with ambient light. This will all contribute to greater accuracy, reliability, and safety for both the public and officers in high-stress incidents. Officers are trained in the use of firearms in a variety of lighting conditions, from day light to near total darkness. The addition of weapon mounted lights significantly improves an officer’s ability to control, fire and manipulate the weapon. Without the use of weapon mounted lights, the officer is forced to fire the weapon one-handed while holding a flashlight with their non-dominant hand. This makes the manipulation of the weapon cumbersome, at best, and can severely impact the accuracy and speed of the rounds fired, which can increase risk to the officer and members of the community.

Though traditional iron sights are less advantageous, they are still needed. There is always a possibility, however minimal, that an optic may malfunction and traditional sights may be necessary, should this occur. In the event that a weapon optic were to malfunction and the firearm was not equipped with iron sights, the officer would be firing a weapon without benefit of any sighting system, the likely result of which would be inaccurate fire or the officer making the determination to refrain from firing it would be necessary in the defense of life.

FISCAL IMPACT
The cost is outlined below:
1 71 Glock 47 Generation 5 Handguns $30,459.00
2 71 Mounted Red Optics $19,701.79
3 71 Holsters $8,566.86
4 71 Mounted Lights $9,119.95
5 71 Mounted Night Sights $4,649.79
6 10 Glock 43x Compact Slimline handguns $4,249.90
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7 25,000 9mm rounds $15,601.94
Total $92,349.23
Our current, Glock 22 Gen 4 handguns will be sold back to a vendor for approximately $200-$300 each.

The cost offset is anticipated to be $14,200 to $21,300.

Sufficient appropriations are available in the Adopted FY2024-25 Mid-Cyle Budget in the Supplemental Law Enforcement Service (COPS) Fund (275).

ENVIRONMENTAL DETERMINATION
Not Applicable.

Prepared By Christopher M. Stabio, Police Captain
Concurs With Not Applicable
Reviewed By Michael Randazzo, Chief of Police
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. PowerPoint
Item #11. Page 5
Meeting Date: 12/10/2024 / Packet Page #: 160
HANDGUN AND EQUIPMENT PURCHASE
POLICE DEPARTMENT
CITY COUNCIL MEETING
DECEMBER 10, 2024
CHRIS STABIO, OPERATIONS CAPTAIN
Item #11. Page 6
Meeting Date: 12/10/2024 / Packet Page #: 161
PREVIOUS EQUIPMENT USED
GLOCK MODEL 22
Since 1999, the police department has been using the Glock model 22, .40 caliber handgun for all sworn personnel.

This weapons platform was used as a replacement for the Beretta 9mm.  This was done largely due to improved ballistics associated with the larger .40 caliber round.

In the last 25 years, there have been substantial design and ballistic improvements to the 9mm Glock weapons platform.  Most notably, are the substantial improvements in development and industry-wide use of electronic optic sighting systems which were not readily available more than two decades ago
Item #11. Page 7
Meeting Date: 12/10/2024 / Packet Page #: 162
NEW HANDGUNS WILL BE:

Ø LIGHTER
Ø CARRY MORE AMMUNITION
Ø BE EQUIPPED OPTICS-INSTALLED
BY THE MANUFACTURER
Ø RESULT IN LESS RECOIL
Ø BE EASIER TO
SHOOT/MANIPULATE FOR
OFFICERS OF DIFFERING SIZE
Proposed Glock Model 47 with optic and mounted light
Item #11. Page 8
Meeting Date: 12/10/2024 / Packet Page #: 163
New Equipment Advantages
Ø Accuracy
Ø Lighting
Ø Sighting Systems
Ø Weapon Retention
Ø Reliability
Ø Operational Lifespan
Item #11. Page 9
Meeting Date: 12/10/2024 / Packet Page #: 164
FISCAL IMPACT
This cost will be offset with the sale of all current Model 22 handguns back to the vendor at an approximate cost of $200-300 each.

Anticipated offset- $14,200 to $21,300
Sufficient appropriations are available in the Adopted FY2024-25 Mid-Cyle Budget in the Supplemental Law Enforcement Service (COPS) Fund (275). 1 71 Glock 47 Generation 5 Handguns $30,459.00
2 71 Mounted Red Optics $19,701.79
3 71 Holsters $8,566.86
4 71 Mounted Lights $9,119.95
5 71 Mounted Night Sights $4,649.79
6 10 Glock 43x Compact Slimline handguns $4,249.90
7 25,000 9mm rounds $15,601.94
Total $92,349.23
Item #11. Page 10
Meeting Date: 12/10/2024 / Packet Page #: 165
THANK YOU
QUESTIONS?
Item #11. Page 11
Meeting Date: 12/10/2024 / Packet Page #: 166

STAFF REPORT
TO: Mayor and Council Members DATE: December 10, 2024
FROM: Police DISTRICT(S): Citywide
SUBJECT: Authorize the Purchase of Sixty Motorola Portable APX N50, Two Motorola Portable APX 8000, Seventeen APX 6500OS Mobile, and Sixteen APX 6500E5 Mobile Radios from Motorola Solutions in the Amount of $598,459.14, Including Taxes and Fees

RECOMMENDATION
That the City Council:

1. Authorize the purchase of sixty (60) Motorola portable APX N50, two (2) Motorola portable APX 8000, seventeen (17) APX 6500OS mobile, and sixteen (16) APX 6500E5 mobile, P25 compliant radios from Motorola Solutions in the amount of $598,459.14, including taxes and fees.

STRATEGIC FOCUS AREAS
 Goal 4: Enhance and Modernize the Organization (EMO)

EXECUTIVE SUMMARY
The City of Glendora must purchase and implement the use of Project 25 (P25) standard compliant radios by July 2025 to meet the targeted transition for interoperability of the radio system. Interoperability is the ability of a system (such as the City’s radio system) to work with or use the parts or equipment of another system. In 2007, Congress mandated that new or upgraded equipment must be interoperable and meet certain technology standards. P25 equipment ensures police, fire, and emergency medical services (EMS) can communicate with each other. Over 50 percent of the portable handheld radios currently used by the Glendora Police Department field personnel are not P25 compliant and will not allow field personnel to communicate with surrounding agencies once those agencies have transitioned to P25 compliant radios that are currently the industry standard. The cost of the radio replacements is included and available in the FY2024-25 Adopted Mid-Cycle Budget.

LEGISLATIVE HISTORY / PREVIOUS ACTIONS
On August 3, 2007, Congress passed the ‘‘Implementing Recommendations of the 9/11 Commission Act of 2007’’, which highlighted the issues the lack of interoperability causes during the tragic events of 9/11.

Title III – Ensuring Communication Interoperability for First Responders of the Commission Act of 2007, established the need for interoperability and grants to assist in funding for agencies. Congress mandated that new or upgraded equipment must be interoperable and meet certain technology standards. Project 25 was initiated by the Association of Public Safety Communications Officials, or APCO and established the standards of interoperability among digital radio communications. The United States Department of Homeland Security Science and Technology Directorate established the P25 Compliance Assessment Program (P25 CAP) to ensure the radios were compatible. P25 equipment ensures police, fire, and emergency medical services (EMS) have the ability to communicate with each other and uses the Advance Encryption Standard (AES) for privacy per the Congressional mandate.

The Glendora Police Department is a member of Com-Net, a Joint Powers Authority (JPA), that is part of the larger Interagency Communications Interoperability System (ICI) radio system. ICI is a group of 120 public safety organizations that cover a 4,500 square mile area of Los Angeles Operational Area and allow for radio interoperability among the participating agencies. All Com-Net agencies are targeted to Revised 12/8/2024
Attachments Replace
Item #12. Page 1
Meeting Date: 12/10/2024 / Packet Page #: 167
transition to a P25 compliant radio system by July 2025. Over 50 percent of the portable handheld radios currently used by the Glendora Police Department field personnel are not P25 compliant and will not allow field personnel to communicate with surrounding agencies once those agencies have transitioned to P25 compliant radios that are currently the industry standard.

On June 11, 2024, the City Council approved the FY2024-25 Mid-Cycle Budget. As part of the FY2024-25 Mid-Cycle Budget, the City Council authorized an adjustment to the Capital Projects Fund (301), the Asset Forfeiture Fund (281), and the Supplemental Law Enforcement Services – COPS Fund (275) to facilitate the purchase of P25 compliant radios in the amount of $655,000.

DISCUSSION
Glendora Police Department is currently using Motorola radios over a digital frequency for all radio transmissions. Over 50 percent of the portable handheld radios in use are model XTS 5000, which were first introduced by Motorola in 2003, with the last software update having been issued in 2006. Though state-of-the art at the time, these radios are antiquated and are no longer repairable or supported by Motorola. Over the last several years, utilizing State Homeland Security Grant funding, approximately $174,404 has been spent to upgrade approximately 47 percent of the portable radios to P25 compliant radios.

The Glendora Police Department will need to purchase 62 new portable radios to replace the obsolete XTS 5000 radios with P25 compliant radios. The purchase will be split between 2 models the Motorola APX N50 and all-band Motorola APX 8000. The APX N50 portable radios are the handheld units carried by Police Department personnel. The APX 8000 all-band model provides more communication options providing for the use of Ultra High Frequency (longer-range communications), Very High Frequency (short-range communications), and 700/800 MHz bandwidths in the event of an emergency. The cost for 60 (sixty) single-band Motorola APX N50 portable radios is $348,804.95. The cost for 2 (two) all-band Motorola APX 8000 portable radios is $22,316.72. The price for the portable radios includes taxes, shipping, batteries, and accessories for functionality.

Glendora Police Department is utilizing Motorola XLT 5000 and APX 7500 mobile radios for the fleet. The Motorola XTL 5000 is not P25 compliant, while the APX 7500 is P25 compliant. The APX 7500 mobile radios have proven to be reliable in field use throughout the Com-Net area of California but have been discontinued by Motorola. The Glendora Police Department will need to purchase 31 new mobile radios to replace the obsolete XLT 5000 radios. The comparable Motorola model is the APX 6500 or the APX 8500 all-band, which some vehicles are already equipped with. Since approximately a third of the fleet is equipped with the APX 7500, the Glendora Police Department already has 14 replacement radio heads, speakers, and microphones on hand, which are interchangeable with both the APX 6500 and the APX 8500 radios. In the event of failure of the unit, these are the parts most commonly in need replacing to correct the issue rather than replacing the radio. Continuing with the same manufacturer and compatible models ensures continued reliability, interoperability with microphones and spare parts, and muscle memory for officers as they reach down to change the radio channels by having the same radio in each vehicle in the fleet.

The fleet radio purchase will be split between 2 models the Motorola APX 6500E5 and the APX 6500OS.

The cost of the 16 Motorola APX 6500E5 and 17 APX 6500OS single-band mobile radios is $227,337.47.

The difference in the models is mounting features for use in patrol cars or undercover vehicles. The price includes taxes, shipping, and necessary accessories for functionality.

Per Glendora Municipal Code Section 2.40.090(c)(3), competitive procurement through the informal and formal procurement processes shall not be required When the procurement can only be obtained from a sole source and the designee is satisfied that the best price, terms and conditions have been negotiated.

Motorola is the sole manufacturer and developer of the ASTRO25, which contains proprietary hardware and software components not commercially available except through Motorola and its channel partners.

The Motorola Radio Equipment and Options that will be purchased by the City of Glendora can be used on the existing Motorola ASTRO P25 Trunked System that ICI Member agencies currently operate. These Item #12. Page 2
Meeting Date: 12/10/2024 / Packet Page #: 168
radios will operate on P25 Trunked equipment that has proprietary features operating on Motorola solutions core equipment located at the Glendale Master Site.

Staff recommends the City approve a purchase of sixty (60) Motorola APX N50 portable radios, for $348,804.95, two (2) Motorola APX 8000 portable radios, for $22,316.72, seventeen (17) APX 6500OS mobile radios and sixteen (16) APX 6500E5 mobile radios for $227,377.47. The total cost to replace the obsolete radios fleet radios and handheld radios, with required accessories and taxes, is $598,459.14.

FISCAL IMPACT
Sufficient funds are available in the FY2024-25 Adopted Mid-Year Budget in the Capital Projects Fund (301) $500,000, the Asset Forfeiture Fund (281) $55,000, and the Supplemental Law Enforcement Services – COPS Fund (275) $100,000 for this purchase in the total amount of $655,000.

The City of Glendora is also awaiting the final action of Congress on a congressional earmark requested through Congresswoman Grace Napolitano’s Office, in the approximate amount of $582,000, for the Police Radio Upgrade Project. If the Congressional earmark is awarded staff will return to City Council at a future meeting for acceptance and appropriation of the earmark and potential repurposing of the currently allocated funding amounts to other projects.

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

Prepared By Shelly Gold, Police Captain
Concurs With Not Applicable
Reviewed By Michael Randazzo, Chief of Police
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. Motorola APX N50 Quote
B. Motorola APX 8000 Quote
C. Motorola APX 6500 O3 & E5 Quote
D. Motorola Sole Source Letter
E. Radio Purchase PowerPoint
Item #12. Page 3
Meeting Date: 12/10/2024 / Packet Page #: 169
Billing Address:

GLENDORA POLICE DEPT, CITY
OF
150 S GLENDORA AVE
GLENDORA, CA 91741
US
Quote Date:11/21/2024
Expiration Date:12/28/2024
Quote Created By:

Amir Zargarian
Amir.Zargarian@
motorolasolutions.com
End Customer:

GLENDORA POLICE DEPT, CITY OF
Shelly Gold
[email protected]
(626) 914-8274
Contract:  38614 - FROM X to NEXT, CA
Freight Terms:FREIGHT PREPAID
Payment Terms:30 NET
Summary:

Any sales transaction resulting from Motorola's quote is based on and subject to the applicable Motorola Standard Terms and Conditions, notwithstanding terms and conditions on purchase orders or other Customer ordering documents.

Motorola Standard Terms and Conditions are found at www.motorolasolutions.com/product-terms.

Line
#
Item Number Description Qty Term List Price Disc % Sale Price Ext. Sale Price
APX™ N50 APX N50
1 H25XDF9PW6AN APX N50 UHF MODEL 2

PORTABLE
60 $3,267.00 35.0% $2,123.55 $127,413.00
1a QA08853AA ADD: CPS ENABLEMENT* 60 $0.00 0.0% $0.00 $0.00 1b QA00580BA ADD: TDMA OPERATION 60 $0.00 0.0% $0.00 $0.00 1c G996AU ADD: PROGRAMMING
OVER P25 (OTAP)
60 $0.00 0.0% $0.00 $0.00
1d QA09001AM ADD: WIFI CAPABILITY 60 $0.00 0.0% $0.00 $0.00 1e QA09007AD ADD: OUT OF THE BOX

WIFI PROVISIONING
60 $0.00 0.0% $0.00 $0.00
1f Q498BN ENH: ASTRO 25 OTAR W/

MULTIKEY
60 $0.00 0.0% $0.00 $0.00
1g QA09113AA ADD: BASELINE RELEASE
SW
60 $0.00 0.0% $0.00 $0.00
1h QA02756AB ENH: 3600 OR 9600

TRUNKING BAUD

SINGLE SYSTEM
60 $0.00 0.0% $0.00 $0.00
QUOTE-2779448
APX N50 & Chargers
Any sales transaction following Motorola's quote is based on and subject to the terms and conditions of the valid and executed written contract between Customer and Motorola (the ""Underlying Agreement"") that authorizes Customer to purchase equipment and/or services or license software (collectively ""Products""). If no Underlying Agreement exists between Motorola and Customer, then Motorola's Standard Terms of Use and Motorola's Standard Terms and Conditions of Sales and Supply shall govern the purchase of the Products.

Motorola Solutions, Inc.: 500 West Monroe, United States - 60661 ~ #: 36-1115800