Glendora City Council
March 25, 2025

CITY OF GLENDORA

CITY COUNCIL, SUCCESSOR AGENCY AND HOUSING AUTHORITY
AGENDA
Tuesday, March 25, 2025
7:00 PM BUSINESS SESSION
CITY HALL COUNCIL CHAMBER, 116 E. FOOTHILL BOULEVARD, GLENDORA 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
David Fredendall, District 2

MAYOR PRO TEM/VICE-CHAIR
Michael Allawos, District 1

COUNCIL/COMMISSIONERS
Karen Davis, District 4
Shaunna Elias, District 3
Mendell Thompson, District 5

GUIDE TO PUBLIC MEETINGS PARTICIPATING IN

PUBLIC MEETING

MEETING MATERIALS

CALL TO ORDER

ROLL CALL

INVOCATION AND PLEDGE OF ALLEGIANCE
In permitting a nonsectarian invocation, the City does not intend to proselytize, advance, or disparage any faith or belief.

Neither the City nor the City Council endorses any particular belief or form of invocation.

HIGH SCHOOL STUDENT REPORTS

1. High School Student Reports

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, 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.

2. Public Comments and Correspondence Received

MEMBER STATEMENTS/REPORTS

CITY MANAGER AND CITY ATTORNEY STATEMENTS

SPECIAL ITEMS

3. A Proclamation proclaiming March as "American Red Cross" month

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.

4. Affirm minutes from the February 25, 2025 and March 11, 2025 Regular Joint Meetings RECOMMENDED ACTION:
— 1. Affirm minutes as presented.

5. City of Glendora and Glendora Successor Agency Investment Report for February 2025 RECOMMENDED ACTION:
— 1. Receive and file the Monthly Investment Activity Report for February 2025.

6. Notice of Completion for Bennett Ave., Washington Ave., Westridge Ave. and Bender Ave. Water and Street Improvements Project, Plan Nos. 1338 and 1339
RECOMMENDED ACTION:
— 1. Accept the completion of Bennett Ave., Washington Ave., Westridge Ave., and Bender Ave. Water and Street Improvements Project, Plan Numbers 1338 & 1339 by Gentry Brothers, Inc.; — 2. Approve the final contract amount of $4,330,143.79; — 3. Authorize the Mayor or his designee to sign & file the Notice of Completion with the County of Los Angeles Registrar-Recorder;
— 4. Authorize the City Manager to release the project retention in the amount of $216,507.19 to Gentry Brothers, Inc. 35 days following recordation of the Notice of Completion; — 5. Authorize the release of the Payment Bond in the amount of $4,262,887.50, six months after recordation of the Notice of Completion, if no claims have been received; and — 6. Authorize the release of the Performance Bond one-year following recordation of the Notice of Completion if the improvements remain free from defects in materials and workmanship.

7. Notice of Completion for Cumberland Rd., Palomar Dr., Lone Hill Ave., Amelia Ave., Country Club Dr. and Country Club Vista St. Water and Street Improvements Project, Plan Nos. 1341-1345 RECOMMENDED ACTION:
— 1. Accept the completion of Cumberland Rd., Palomar Dr., Lone Hill Ave., Amelia Ave., Country Club Dr. and Country Club Vista St. Water and Street Improvements Project, Plan Nos. 1341-1345 by Gentry Brothers, Inc.;
— 2. Approve the final contract amount of $2,725,609.80; — 3. Authorize the City Manager or his designee to sign & file the Notice of Completion with the County of Los Angeles Registrar-Recorder;
— 4. Authorize the Mayor to release project retention in the amount of $136,280.49 to Gentry Brothers, Inc. 35 days following recordation of the Notice of Completion; — 5. Authorize the Release of the Payment Bond in the amount of $3,047,880, six months after recordation of the Notice of Completion, if no claims have been received; and — 6. Authorize the release of the Performance Bond one year following recordation of the Notice of Completion if the improvements remain free from defects in materials and workmanship.

8. Approve Amendment No. 3 to Contract with HDL Software LLC for Business License and Transient Occupancy Tax Administration Services
RECOMMENDED ACTION:
— 1. Approve Amendment No. 3 to Contract with HDL Software LLC for Business License and Transient Occupancy Tax Administration Services for a one-year extension with authorization for the City Manager to extend the term.

MEMBER AGENDA ITEMS

9. Update of Unscheduled Vacancies on Board of Library Trustees, Office No. 2 (Term Expiring June 30, 2027) and Water Commission, Office No. 3 (Term Expiring June 30, 2025) RECOMMENDED ACTION:
— 1. Provide direction to staff on the unscheduled vacancy on the Board of Library Trustees (Office No. 2; Term ending June 30, 2027) and on the Water Commission (Office No. 3; Term ending June 30, 2025).

UNFINISHED BUSINESS

10. Approve State Homeland Security Program Subrecipient Agreement for Grant Year 2021 with the County of Los Angeles and an Agreement with Flock Group, Inc for additional Automated License Plate Readers
RECOMMENDED ACTION:
— 1. Approve the 2021 State Homeland Security Program Subrecipient Agreement with County of Los Angeles; and
— 2. Approve a two-year agreement with Flock Group, Inc., for the use of eleven (11) additional automated license plate readers in the amount of $104,450.
— 3. Approve an increase in estimated revenues and a supplemental appropriation in the FY2024-25 Midcycle Budget from Grant Funds 280 in the amount of $72,000.

11. Update on Addressing Homelessness
RECOMMENDED ACTION:
— 1. Receive an update on services provided and efforts undertaken to assist individuals experiencing homelessness in the City;
— 2. Award a Professional Services Agreement to the Los Angeles Centers for Alcohol and Drug Abuse (L.A. CADA) in the amount of $262,500 a year for a two-year term for homeless services and temporary housing, with one optional one-year extension, for a not to exceed amount of $525,000; and — 3. Authorize the City Manager, or his designee, to execute the two-year Professional Services Agreement with L.A. CADA with one optional one-year extension, including making minor non-substantive changes.

12. 2023-2025 Strategic Plan Update and Consideration of the Draft 2025-2027 Strategic Plan RECOMMENDED ACTION:
— 1. Receive an update on the 2023-2025 Strategic Plan; — 2. Receive an update and provide direction on the Draft 2025-2027 Strategic Plan

NEW BUSINESS

13. Annual Report for the Business Improvement District and Consideration of a Resolution Announcing Intentions to Levy and Collect Assessments for Fiscal Year 2026 for the Glendora Village Business Improvement District
RECOMMENDED ACTION:
— 1. Approve the FY 2025-2026 Business Improvement District Annual Report; and — 2. Adopt a City Council Resolution entitled, "A Resolution of the City Council Announcing Intentions to Levy and Collect Assessments for the Fiscal Year 2025-2026 for the Glendora Village Business Improvement District as Permitted by the Parking and Business Improvement Area Law of 1989 (California streets and highways code section 36500 et seq)."

14. Award a Contract to Doug Martin Contracting Company, Inc., for Citywide Slurry Seal Project FY 2024- 25, Plan No. 1392, in an amount not to exceed $309,942
RECOMMENDED ACTION:
— 1. Adopt a Categorical Exemption from the California Environmental Quality Act Pursuant to Section 15301(c) of the California Code of Regulations;
— 2. Award the Contract to Doug Martin Contracting Company, Inc for Citywide Slurry Seal Project FY 2024- 25, Plan No. 1392, in the amount of $309,942;
— 3. Authorize a ten percent (10%) contingency in the amount of $30,994; — 4. Authorize the Public Works Director to execute any necessary change orders in an amount not to exceed 10% of the original contract amount; and
— 5. Authorize the City Manager or his designee to execute the agreement including minimal and/or nonsubstantive changes.

15. Approve a Professional Services Agreement for Contract Services with SA Associates, Inc. the Design of Water and Street Improvements and Bid Support for upon Cypress Avenue and Adjacent Streets, et al. in the amount of $238,000
RECOMMENDED ACTION:
— 1. Award an Agreement for Contract Services to SA Associates, Inc. for the design of water and street improvements and Bid Support for portions of Cypress Ave and adjacent streets, in the amount of $238,000; — 2. Authorize the City Manager or his designee to execute the Agreement, including any minimal and/or non-substantive changes; and
— 3. Approve a supplemental appropriation from the Measure M Fund (234) in the amount of $60,000 and the Water Capital Fund (502) in the amount of $178,000 for this project.

16. Adopt and Allocated Funding for Programs Pursuant to the Economic Action Plan RECOMMENDED ACTION:
— 1. Approve programs implementing the Economic Action Plan.

MEMBER/STAFF CLOSING COMMENTS

ADJOURNMENT
Date Posted: March 21, 2025
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“kV~(T.B2AS, This .~‘March, we celebrate American ~Reti Cross lvionth by recognizing the compassionate acts ofpeople in çlenciora anti by renewing our commitment to lend: ahelping hand to our neighbors in need: Since Clara Barton founcieti the American RedCross more than 140 years ago, generation ‘after generation has stepped: up to tie liver relief anti care across our country anti aroun’ci the wqrlc6 bringing out the best of humanity in times of crisis: and; - ~V51TRT~4S, Ativancing this noble mi~ssioii, Me i~’olunteers, bloo’tianciplate let donorsantisupporters who n’o-i~ give ,b,ack through the, San Qal3rieC2”omona ‘Valley Chapter of the American R.eti~ro’ss remain unwaver~g in theIr. eomiyi.i~ment tb’prevent anti alleviate human suffering’ mn;the’face of tôtiay ‘s ernerg’eñc,ies; .a3~.d “W3-I’TRTAS, Just :fhis .yec~r,. the ~R~d’ cross resp~ntie~ti ‘to •t~e tr~gic anti tievastating ~Palisaties anti Baton “Wiltifires. “!More than 150& trained: Red: Cross tiisaster workers answereti the call; yrovitiing support to ove~ 22,000 householtis: Their yoluntary anti generous contributions shine a beacon of hope in people’s tiarkëst’hours whether it’s tie livering shelter, food; anticomfort tiuring disasters, providing criticalblootitionations for hospitalpatients; supporting servi~emthnibe*s, ~terans anti theirfamilies; saving lives with first aid: CPR., A~’ETP anti’ Oth’er~, skills;. or tie live ring international aiti anti reconnecting lovetiones. septh~atetibyglobdl’crises;’anc4 .,. -~ ~ This work to upl~ft our community is triily mati~possible by those who selflessly answer the callto h~’, whenever antiwherever it’~ neetieti’ “We herebyrecognize this month of.~March.’in:honor of their remarkablé’service; antiwe ask everyone tojoin in their’ commitmejit to care for~one another; and;’ 2~[OW, ~T,~’fO~R, be it resolved that I; Pdviti ~Fretientiall; .Mayor of çlentiora, tio proclaim .~March 2025 as RetiCross 9vtonth. I tio hereby ‘callupon allcitizens of çlentiora to reach out antisupport its humanitarian missIon.’
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.~MichaelAllawos, .~Mayor Tro TemXaren Davis, Council!Member!MentiellThompson, Council.Member Shaunna Blias, Council.Member
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STAFF REPORT
TO: Mayor and Council Members DATE: March 25, 2025
FROM: City Clerk DISTRICT(S): Not Applicable
SUBJECT: Affirm minutes from the February 25, 2025 and March 11, 2025 Regular Joint Meetings

RECOMMENDATION
That the City Council, Successor Agency and Housing Authority:

1. Affirm minutes as presented.

STRATEGIC FOCUS AREAS
Not Applicable

EXECUTIVE SUMMARY
This staff report requests affirmation of the minutes from previous meetings. The minutes have been prepared and reviewed in accordance with city procedures and transparency requirements. Affirming these minutes ensures the accuracy and integrity of the official record. Staff recommends approval to maintain proper documentation and compliance with meeting protocols.

LEGISLATIVE HISTORY / PREVIOUS ACTIONS
Not Applicable.

DISCUSSION
Pursuant to the City’s standard practices and the Brown Act, meeting action minutes are reviewed and affirmed by the legislative body to ensure transparency and accuracy in government proceedings. The action minutes for the Affirm minutes from the February 25, 2025 and March 11, 2025 Regular Joint Meetings meetings were compiled based on staff notes and official recordings. No requests for revisions or amendments have been received to date.

By affirming minutes, legislative bodies acknowledge their accuracy and preserve them as an official record of the meeting. If any corrections or amendments are desired, they can be addressed before final affirmation.

FISCAL IMPACT
There is no fiscal impact associated with this action.

ENVIRONMENTAL DETERMINATION
There are no environmental impacts associated with this action.

Prepared By Roxanne Breceda, Deputy City Clerk / Records Manager Concurs With Not Applicable
Reviewed By Kathleen R. Sessman, City Clerk/Communications Director Certified to Availability of Funds Not Applicable
Approved By Not Applicable
Legal Review Not Applicable
CEQA Review Not Applicable
ATTACHMENTS:

A. February 25, 2025 Regular Meeting Minutes
B. March 11, 2025 Regular Meeting Minutes
Attachments
A. February 25, 2025 Regular Meeting Minutes.pdf
B. March 11, 2025 Regular Meeting Minutes.pdf

CALL TO ORDER
The City Council, Successor Agency, and Housing Authority meeting was called to order at 6:00 PM.

ROLL CALL
Members Present: Karen Davis, Shaunna Elias, Mendell L. Thompson, Mayor/Chair David Fredendall
Members Absent: Mayor Pro Tem/Vice-Chair Michael Allawos Staff Present: City Manager/Executive Director Adam Raymond, City/Agency Attorney Danny Aleshire, Assistant City Manager Moises Lopez, Police Chief Mike Randazzo, Public Works Director William Wittkopf, Finance Director/City Treasurer Kyle Johnson, Library Director Janet Stone, City Clerk/Communications Director Kathleen Sessman, Captain Shelly Gold, Interim Assistant Public Works Director Valerie Velasquez-Santoya, Digital Media Specialist Craig Gill, Senior Digital Media Specialist Greg Morton, and Deputy City Clerk/Records Manager Roxanne Breceda

CLOSED SESSION
Closed Session title was read into the record. There was no one wishing to provide public comment.

The meeting convened into Closed Session at 6:03 PM.

1. CONFERENCE WITH LABOR NEGOTIATOR – A closed session will be held, pursuant to Government Code §54957.6 to conduct labor negotiations. City Manager Adam Raymond, City Attorney Danny Aleshire, Assistant City Manager Moises Lopez, Deputy City Manager Marie Ricci, and Human Resources Assistant Director Rita Wendling. Employee Organization: Glendora Police Managers Association (GPMA), and Glendora Police Officers Association (GPOA) Closed Session adjourned at 7:02 PM and the meeting was reconvened back into Open Session at 7:03 PM. City Attorney Aleshire reported the following Closed Session action: 1) Labor negotiations were conducted, and no reportable action was taken.

INVOCATION AND PLEDGE OF ALLEGIANCE
The Invocation was given by Pastor Mike Platter of Glendora Community Church.

The Pledge of Allegiance was led by Mitchell Gibbins.

HIGH SCHOOL STUDENT REPORTS

2. High School Student Reports
Student reports were presented by Charter Oak High School Representative Mitchell Gibbens, Glendora High School Representative Lily Lusk, St. Lucy Priory High School Representative Alexa Straite, and Whitcomb High School Representative Amy Vargas.

City of Glendora Minutes
Regular Joint Meeting
Tuesday, February 25, 2025
City Hall Council Chamber
116 E. Foothill Boulevard, Glendora
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.

Minutes Tuesday, February 25, 2025 Page 2 of 4
Regular Meeting City Council, Successor Agency and Housing Authority

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

PUBLIC COMMENT

3. Public Comments Received
Comments were received from: Jack Evanilla, Tonya Pace, and John Martinez.

MEMBER STATEMENTS/REPORTS
Council Member/Commissioner Davis commented on the March 9, 2025 Crop Walk and requested that the meeting be adjourned in memory of Gordon Norman.

Council Member/Commissioner Thompson commented on the March 7, 2025 Glendora Lassie League Opening Day Ceremony and March 8, 2025 Glendora National Little League Opening Day Ceremony.

Council Member/Commissioner Elias commented on the Athens facility tour.

Mayor/Chair Fredendall reported on attendance at the Independent Cities Association Conference; and commented on the Eaton Fire Waste Site at Lario Park.

CITY MANAGER AND CITY ATTORNEY STATEMENTS
Assistant City Manager Lopez provided an updated on the CalCities resolution sponsored by Mayor Pro Tem Allawos.

CONSENT CALENDAR
A motion was made by Council Member/Commissioner Davis, seconded by Council Member/Commissioner Thompson, to approve Consent Calendar Items #4 - #6 as presented, affirming the actions appropriate to each item. Motion carried 4 - 0 as follows: AYES: Davis, Elias, Thompson, Fredendall; NOES: None; ABSENT: Allawos; ABSTAIN: None.

4. Affirm Minutes from February 11, 2025 Special and Regular Joint Meeting The City Council, Successor Agency, and Housing Authority affirmed minutes as presented.

5. City of Glendora and Glendora Successor Agency Investment Report for January 2025 The City Council and Successor Agency received and filed the City of Glendora and Glendora Successor Agency Investment Report for January 2025.

6. Award an Agreement to Disability Access Consultants, LLC. for the Development of an Americans and Disabilities Act (ADA) Self-Evaluation and Transition Plan (Plan 1395) in the amount of $299,840
The City Council 1. Awarded an Agreement to Disability Access Consultants, LLC for the Development of an Americans with Disabilities Act (ADA) Self-Evaluation and Transition Plan (Plan 1395) in the amount of $299,840; 2. Authorized a ten percent (10%) contingency in the amount of $29,985; 3. Approved a supplemental appropriation from Water Capital Projects Fund 502 in the amount of $54,824; and 4. Authorized the City Manager or his designee to execute Minutes Tuesday, February 25, 2025 Page 3 of 4
Regular Meeting City Council, Successor Agency and Housing Authority the Agreement with Disability Access Consultants, LLC. Including minimal and/or nonsubstantive changes.

UNFINISHED BUSINESS

7. Glendora People Movement Project Recap and Approve the Amended and Restated Memorandum of Agreement for the Glendora People Movement Project between the City of Glendora and the San Gabriel Valley Council of Government Following discussion, a motion was made by Council Member Thompson, seconded by Council Member Davis that the City Council authorize the City Manager or his designee to execute the Amended and Restated Memorandum of Agreement for the Glendora People Movement Project between the City of Glendora and the San Gabriel Valley Council of Governments. Motion carried 4 - 0 as follows: AYES: Davis, Elias, Thompson, Fredendall; NOES: None; ABSENT:

Allawos; ABSTAIN: None.

8. Conduct a Mid-Year Budget Review and Adopt a Joint Resolution amending the Fiscal year 2024-25
Following discussion, a motion was made by Council Member Davis, seconded by Council Member Thompson that the City Council, Successor Agency, and Housing Authority adopt Joint Resolution CC 2025-04, CC 2025-04 (SA), HA 2025-01 entitled, "A RESOLUTION OF THE

CITY COUNCIL, SUCCESSOR AGENCY AND HOUSING AUTHORITY AMENDING THE FY 2024-25 FISCAL BUDGET PER THE MID-YEAR REVIEW
RECOMENDATIONS." Motion carried 4 - 0 as follows: AYES: Davis, Elias, Thompson, Fredendall; NOES: None; ABSENT: Allawos; ABSTAIN: None.

9. Approve a contract with Complete Paperless Solutions, LLC. (CPS) to provide citywide scanning services in an amount $500,000
Following discussion, a motion was made by Council Member Thompson, seconded by Council Member Davis that the City Council 1. Approve a contract with Complete Paperless Solutions, LLC (CPS) for scanning services to provide document imaging, indexing, and quality control services for a Citywide scanning project for one year with three (3) optional one year extensions in the amount of $500,000; 2. Authorize a ten percent (10%) contingency in the amount of $50,000; and 3. Authorize the City Manager or their designee to execute the Agreement with Complete Paperless Solutions, LLC including minimal and/or non-substantive changes. Motion carried 4 - 0 as follows: AYES: Davis, Elias, Thompson, Fredendall; NOES: None; ABSENT:

Allawos; ABSTAIN: None.

MEMBER/STAFF CLOSING COMMENTS
There were no statements or reports given.

ADJOURNMENT
Meeting adjourned at 8:45 PM in memory of Gordon Norman.

Kathleen R. Sessman, MMC
City Clerk/Communication Director
Minutes Tuesday, February 25, 2025 Page 4 of 4
Regular Meeting City Council, Successor Agency and Housing Authority Minutes were approved on ________ .

CALL TO ORDER
The City Council, Successor Agency, and Housing Authority meeting was called to order at 6:00 PM.

ROLL CALL
Members Present: Karen Davis, Shaunna Elias, Mendell L. Thompson, Mayor Pro Tem/Vice-Chair Michael Allawos, Mayor/Chair David Fredendall
Members Absent: None
Staff Present: City Manager/Executive Director Adam Raymond, City/Agency Attorney Danny Aleshire, Assistant City Manager Moises Lopez, Police Chief Mike Randazzo, Deputy City Manager Marie Ricci, Public Works Director William Wittkopf, Finance Director/City Treasurer Kyle Johnson, Community Development Director Jeff Kugel, Recreation and Human Services Director John Aguirre, Library Director Janet Stone, City Clerk/Communications Director Kathleen Sessman, Captain Shelly Gold, Senior Planner Yalini Siva, Management Aide Shantelle Coria, Digital Media Specialist Craig Gill, Senior Digital Media Specialist Greg Morton, and Deputy City Clerk/Records Manager Roxanne Breceda

CLOSED SESSION
Closed Session title was read into the record. There was no one wishing to provide public comment.

The meeting convened into Closed Session at 6:02 PM.

1. CONFERENCE WITH LABOR NEGOTIATOR – A closed session will be held, pursuant to Government Code §54957.6 to conduct labor negotiations. City Manager Adam Raymond, City Attorney Danny Aleshire, Assistant City Manager Moises Lopez, Deputy City Manager Marie Ricci, and Human Resources Assistant Director Rita Wendling. Employee Organization: Glendora Police Managers Association (GPMA), and Glendora Police Officers Association (GPOA)

2. CONFERENCE WITH LEGAL COUNSEL – ANTICIPATED LITIGATION – A closed session will be held, pursuant to Government Code §54956.9(d)(4), because the city is considering whether to initiate litigation in two cases.

Closed Session adjourned at 7:00 PM and the meeting was reconvened back into Open Session at 7:03 PM. City Attorney Aleshire reported the following Closed Session actions: 1) Council provided direction to negotiators, and no reportable action was taken; and 2) Council provided direction in the first case to initiate civil litigation and in the second case directed the city’s code preservation officers to find a resolution to the matter.

INVOCATION AND PLEDGE OF ALLEGIANCE
The Invocation was given by Pastor Michael Cordich of First Baptist Church.

City of Glendora Minutes
Regular Joint Meeting
Tuesday, March 11, 2025
City Hall Council Chamber
116 E. Foothill Boulevard, Glendora
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.

Minutes Tuesday, March 11, 2025 Page 2 of 4
Regular Meeting City Council, Successor Agency and Housing Authority The Pledge of Allegiance was led by Management Aide Coria.

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

PUBLIC COMMENT

3. Public Comments Received
There was no one wishing to provide comment.

MEMBER STATEMENTS/REPORTS
Council Member/Commissioner Elias commented on the Glendora Lassie League.

Council Member/Commissioner Thompson commented on the Glendora Lassie League; and thanked Police, Fire, and Public Works for being on call during recent storms.

Council Member/Commissioner Davis commented on events being held on March 14, 2025, Historical Society Pi Day at the Glendora Museum and First Christian Church’s Empty Bowls and Empty Cups event from 5:00 PM – 7:00 PM.

Mayor Pro Tem/Vice-Chair Allawos commented on the Air Quality Management District (AQMD) vehicle display held on March 7, 2025; and reported on the Council of Government (COG) Environment and Energy Subcommittee meeting.

Mayor/Chair Fredendall commented on the Glendora Recreation Spring Activities guide.

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

REOPENED PUBLIC COMMENT
The City Council requested and unanimously approved to reopen public comment. Comment was received from: Jack Evanilla.

SPECIAL ITEMS

4. CALCities Update
Update presented and staff directed to receive and file this report.

PUBLIC HEARINGS

5. A Public Hearing to receive and consider proposed funding recommendations for the Fiscal Year (FY) 2025-2026 Community Development Block Grant (CDBG) funds Item title was read into the record, and the Public Hearing was declared opened. There was no one wishing to provide testimony. Public Hearing was declared closed.

A motion was made by Mayor Pro Tem Allawos, seconded by Council Member Davis that the City Council authorize the 30-day public comment period for the FY 25-26 Action Plan to begin on March 21, 2025, and end on April 22, 2025. Motion carried 5 - 0 as follows: AYES: Elias, Davis, Thompson, Allawos, Fredendall; NOES: None; ABSENT: None; ABSTAIN: None.

Minutes Tuesday, March 11, 2025 Page 3 of 4
Regular Meeting City Council, Successor Agency and Housing Authority

CONSENT CALENDAR
A motion was made by Mayor Pro Tem/Vice-Chair Allawos, seconded by Council Member/Commissioner Thompson, to approve Consent Calendar Items #6 - #9 as presented, affirming the actions appropriate to each item. Motion carried 5 - 0 as follows: AYES: Elias, Davis, Thompson, Allawos, Fredendall; NOES: None; ABSENT: None; ABSTAIN: None.

6. Review and Affirm Disbursements for February in the Amount of $4,161,510.15 The City Council and Successor Agency 1. Reviewed and Affirmed Disbursements for February in the Amount of $4,161,510.15.

7. Approve an Agreement with Dave Bang Associates Incorporated of California for a New Playground and Pour-In-Place Surfacing Installation at Dawson Avenue Park in an amount not to exceed $130,420.24
The City Council 1. Adopted a CEQA Notice of Exemption for Capital Improvement Project New Playground and Pour-In-Place Surfacing at Dawson Avenue Park; 2. Approved an Agreement with Dave Bang Associates Incorporated of California for New Playground and Pour-In-Place Surfacing Installation at Dawson Avenue Park in an amount not to exceed $130,420.24; and 3. Authorized the City Manager or his designee to execute the agreement with Dave Bang Associates Incorporated of California including minimal and/or non-substantive changes.

8. Approve an Agreement for Contract Services with The Sauce Creative Services for Design, Publishing, and Distribution of the Activity Guide and City Newsletter in the amount of $240,546
The City Council 1. Approved an Agreement for Contract Services with The Sauce Creative Services for Design, Publishing, and Distribution of the Activity Guide and City Newsletter in the amount of $240,546; and 2. Authorized the City Manager or his designee to execute the agreement, including any minimal and/or non-substantive changes.

9. Notice of Completion for Pour-In-Place Surfacing for South Hills Park, Ole Hammer Park, and Willow Springs Park
The City Council 1. Accepted and Approved the Notice of Completion for the Pour-In-Place Surfacing for South Hills Park, Ole Hammer Park, and Willow Springs Park projected by Miracle Playground Sales; and 2. Authorized the Mayor to sign the Notice of Completion for recordation.

UNFINISHED BUSINESS

10. City Facilities Capital Needs and Funding Options
Following discussion, a motion was made by Mayor Pro Tem Allawos, seconded by Council Member Thompson, that the City Council directed staff to research and come back next quarter with a report that: 1. Provides a general description of all major City Facility needs, clearly identifying estimated costs for each facility; 2. Provide a summary of financing scenarios involving bond issuance; and 3. Explore contracting with a consultant to document the visual impact of the needed improvements. Motion carried 5 - 0 as follows: AYES: Elias, Davis, Thompson, Allawos, Fredendall; NOES: None; ABSENT: None; ABSTAIN: None.

Minutes Tuesday, March 11, 2025 Page 4 of 4
Regular Meeting City Council, Successor Agency and Housing Authority

11. 2024 Annual General Plan Progress Report and Housing Element Implementation Annual Progress Report
A motion was made by Mayor Pro Tem Allawos, seconded by Council Member Thompson, that the City Council 1. Receive and file the 2024 General Plan Annual Progress Report and the Housing Element Implementation Annual Progress Report. Motion carried 5 - 0 as follows:

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

12. Approve the updated Contract with the Los Angeles County Department of Public Health for public health services
A motion was made by Mayor Pro Tem Allawos, seconded by Council Member Davis, that the City Council 1. Approve the updated Contract with the Los Angeles County Department of Public Health for public health services. Motion carried 5 - 0 as follows: AYES: Elias, Davis, Thompson, Allawos, Fredendall; NOES: None; ABSENT: None; ABSTAIN: None.

13. Adopt a City Council Resolution Providing Notice of Intent to Withdraw from the Independent Cities Risk Management Authority (ICRMA)
Following discussion, a motion was made by Mayor Pro Tem Allawos, seconded by Council Member Thompson that the City Council 1. Adopt Resolution CC 2025-05 entitled, “A

RESOLUTION OF THE CITY COUNCIL PROVIDING NOTICE OF INTENT TO

WITHDRAW FROM THE INDEPENDENT CITIES RISK MANAGEMENT AUTHORITY (ICRMA),” providing notice of Intent to withdraw from the Independent Cities Risk Management Authority (ICRMA). Motion carried 5 - 0 as follows: AYES: Elias, Davis, Thompson, Allawos, Fredendall; NOES: None; ABSENT: None; ABSTAIN: None.

MEMBER/STAFF CLOSING COMMENTS
Mayor Pro Tem/Vice-Chair Allawos wished everyone a Happy St. Patrick’s Day and Mrs. Allawos a Happy Birthday.

Council Member/Commissioner Thompson commented on traveling safely in the rain.

ADJOURNMENT
Meeting adjourned at 8:42 PM.

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

STAFF REPORT
TO: Mayor and Council Members DATE: March 25, 2025
FROM: Finance DISTRICT(S): Citywide
SUBJECT: City of Glendora and Glendora Successor Agency Investment Report for February 2025

RECOMMENDATION
That the City Council/Agency:

1. Receive and file the Monthly Investment Activity Report for February 2025.

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

EXECUTIVE SUMMARY
The City’s book value of cash and investments for February 2025 totaled $115,581,501. This is a slight decrease of $265,320 (-0.23%) compared to the previous month. A notable purchase in the month of February contributing to the decrease is purchase of new radios for the Police Department totaling $324 thousand.

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 February, there were no investment purchases. There were four securities that matured at $2,490,000, resulting in neither a gain nor loss.

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

ENVIRONMENTAL DETERMINATION
Not applicable.

Prepared By Kylie Petrovick, Accountant
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. February 2025 Investment Report
Attachments
A. February 2025 Investment Report.pdf

Financial Advisor

CHEN/GIORDANO/CRAWFORD
626-405-4753
UBS Client Review
As of February 28, 2025
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 XXX279* CITY OF GL Non UBS Investment LAIF@SX XXX283* CITY OF GL Non UBS Investment Bank of America What's insideAsset Allocation Review. . . . . . . . . . . . . . . . . . . . . . 2Sources of Portfolio Value. . . . . . . . . . . . . . . . . . . . 3Bond Summary. . . . . . . . . . . . . . . . . . . . . . . . . . . . 4Portfolio Holdings. . . . . . . . . . . . . . . . . . . . . . . . . . 5Bond Holdings. . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18Important Information About This Report. . . . . . . . 31

Consolidated report prepared for City of Glendora
Asset Allocation Reviewas of February 28, 2025
Summary of Asset Allocation
Market
value ($)
% of
Portfolio
Cash 24,215,006.96 21.00
Cash 24,215,006.96 21.00 US 24,215,006.96 21.00
Fixed Income 91,089,015.29 79.00
US 91,089,015.29 79.00 US Fixed Income 14,362,669.74 12.46 Government 50,747,517.12 44.01 Corporate IG Credit 25,978,828.44 22.53 Equity 0.00 0.00Commodities 0.00 0.00Non-Traditional 0.00 0.00Other 0.00 0.00Total Portfolio $115,304,022.25 100%Balanced mutual funds and Insurance & Annuity products are allocated in the 'Other' category Cash 21.00%US Fixed Income 79.00%
Total Value: $115,304,022.25
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: March 03, 2025 Page 2 of 36 Consolidated report prepared for City of Glendora
Sources of Portfolio Valueas of February 28, 2025
Market Value Net amount you invested (net of fees)
02/22 12/22 12/23 02/25
5075
100125150
$ Millions
MTD
01/31/2025 to
02/28/2025
QTD
12/31/2024 to
02/28/2025
ITD
02/23/2022 to
02/28/2025
YTD
12/31/2024 to
02/28/2025
Opening value 103,712,298.00 103,422,623.88 103,422,623.88 40,589,214.16Net deposits/withdrawals -178,889.10 -285,644.88 -285,644.88 57,162,558.69Div./interest income 233,099.99 332,923.94 332,923.94 5,595,665.35Change in accr. interest -58,117.03 7,131.28 7,131.28 291,336.64Change in value 379,971.66 611,329.29 611,329.29 449,588.66Closing value 104,088,363.51 104,088,363.51 104,088,363.51 104,088,363.51Net Time-weighted ROR 0.54 0.92 0.92 1.75Performance returns are annualized after 1 year. Net deposits and withdrawals include program and account fees.Benchmarks - Annualized time-weighted returnsUS Treasury Bill - 3 Mos 0.33 0.70 0.70 4.19BofA Corp/Gov 1-5Y 0.98 1.51 1.51 2.12BBG Agg Bond 2.20 2.74 2.74 -0.11Past performance does not guarantee future results and current performance may be lower/higher than past data presented.Report created on: March 03, 2025 Page 3 of 36 Consolidated report prepared for City of Glendora
Bond Summaryas of February 28, 2025Bond OverviewTotal quantity 92,648,000Total market value $90,730,411.15Total accrued interest $358,604.14Total market value plus accrued interest $91,089,015.29Total estimated annual bond interest $1,653,669.75Average yield to maturityAverage coupon 1.80%

4.29%1.82%4.26%
Average current yieldAverage yield to worstAverage modified duration 1.29Average effective maturity 1.46 Investment Type AllocationInvestment type Taxable ($) Total ($) Tax-exempt /
deferred ($)
% of
bond
port.

Certificates of deposit 14,362,669.74 0.00 14,362,669.74 15.77U.S. corporates 25,978,828.44 0.00 25,978,828.44 28.52U.S. federal agencies 45,747,068.02 0.00 45,747,068.02 50.22U.S. treasuries 5,000,449.10 0.00 5,000,449.10 5.49Total $91,089,015.30 $0.00 $91,089,015.30 100% Credit Quality of Bond HoldingsA Aaa/AAA/AAA 13 23,133,660.90 25.43B Aa/AA/AA 22 32,135,711.30 35.25C A/A/A 14 20,388,828.67 22.38D Baa/BBB/BBB 1 1,068,144.68 1.16E Non-investment grade 0 0.00 0.00F Certificate of deposit 60 14,362,669.74 15.78G Not rated 0 0.00 0.00Total 110 $91,089,015.29 100%Effective credit rating % of
port.

Value on
Issues 02/28/2025 ($)
Bond Maturity Schedule
Effective maturity schedule
2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2036 + Other 0 1020304050

44.0%

29.0%

9.4%

2.6%

14.6%

0.0% 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: March 03, 2025 Page 4 of 36 Consolidated report prepared for City of Glendora
Portfolio Holdingsas of February 28, 2025Summary of Portfolio Holdings Unrealized
Cost basis ($) gain/loss (%)
Est. annual
income ($)
Unrealized
gain/loss ($)
Value on
02/28/2025 ($)
Current
yield (%)
% of
portfolio
A Cash 24,215,007 24,215,007 0 0.00% 443,766 1.83% 21.00% Cash 24,215,007 24,215,007 0 0.00% 443,766 1.83% 21.00% US 24,215,007 24,215,007 0 0.00% 443,766 1.83% 21.00%
B Fixed Income 91,303,494* 91,089,015 -1,226,616* -1.34%* 1,653,670 1.82% 79.00% US 91,303,494* 91,089,015 -1,226,616* -1.34%* 1,653,670 1.82% 79.00% US Fixed Income 14,531,931 14,362,670 -169,261 -1.16% 321,300 2.24% 12.46% Government 50,465,577* 50,747,517 -730,197* -1.45%* 783,460 1.54% 44.01% Corporate IG Credit 26,305,986 25,978,828 -327,158 -1.24% 548,910 2.11% 22.53% 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 $115,518,501* $115,304,022 -$1,226,616* -1.06%* $2,097,436 1.82% 100% Balanced mutual funds and Insurance & Annuity products are allocated in the 'Other' category B
A
* Total Cost Basis and/or Unrealized G/L values marked with an asterisk (*) are incomplete due to missing cost basis information.Accrued interest, if any, has been included in the total market value.Report created on: March 03, 2025 Page 5 of 36 Consolidated report prepared for City of Glendora
Portfolio Holdingsas of February 28, 2025 (continued)
Details of Portfolio Holdings
% of
asset
class
Est. annual
Cost basis ($) income ($)
Unrealized
gain/loss
(%)
Unrealized
Market value ($) gain/loss ($)
Current
yield (%)
Total Portfolio $115,518,501* $115,304,022 -$1,226,616* -1.06%* $2,097,436 1.82% 100% 100% % of
portfolio
Unrealized
gain/loss ($)
Unrealized
gain/loss
Quantity (%)
Current
Cost basis ($) yield (%)
Est. annual
income ($)
Purchase
price ($) / Cash Avg Price Market value ($)
Price on
02/28/2025
($)
% of
Cash
% of
portfolio
Cash
US
Outside ASSET(1) 1.00 8,228,571.21 8,228,571.21 0.00 0.00% NA NA 33.98% 7.14%[Outside Account @SXXXX279]

1.00 Outside ASSET(1) 1.00 2,987,087.53 2,987,087.53 0.00 0.00% NA NA 12.34% 2.59%[Outside Account @SXXXX283]

1.00 UBS INSURED SWEEP 2,706,198.70 1.00 2,706,198.70 2,706,198.70 0.00 0.00% 2,706.20 0.10% 2.35%PROGRAM

1.00 11.18%
10,451,661.1 1.00 441,060.10
2 UBS SELECT TREASURY 10,451,661.12 10,451,661.12 0.00 0.00% 4.22% 9.06%INSTITUTIONAL FUND

1.00 43.16%
USD CASH -158,511.60 1.00 1.00 -158,511.60 -158,511.60 0.00 0.00% NA NA -0.65% -0.14% Total US $24,215,007 $24,215,007 $0 0.00% $443,766 1.83% 100% 21.00% Total Cash $24,215,007 $24,215,007 $0 0.00% $443,766 1.83% 100% 21.00% Total Cash $24,215,007 $24,215,007 $0 0.00% $443,766 1.83% 100% 21.00%(1)Assets held at other financial institutions are included in this report. We have not verified, and are not responsible for, the accuracy or completeness of this information.* Total Cost Basis and/or Unrealized G/L values marked with an asterisk (*) are incomplete due to missing cost basis information.Accrued interest, if any, has been included in the total market value.Report created on: March 03, 2025 Page 6 of 36 Consolidated report prepared for City of Glendora
Portfolio Holdingsas of February 28, 2025 (continued)
Unrealized
gain/loss ($)
Unrealized
gain/loss
Quantity (%)
Current
Cost basis ($) yield (%)
Est. annual
income ($)
Purchase
price ($) /
Avg Price Market value ($)
Amort/Accr.($)
as of
Fixed Income 02/28/2025
Price on
02/28/2025
($)
% of
Fixed
Income
% of
portfolio
US
US Fixed Income
AFFINITY PLUS MN US RT 245,000.00 100.00 245,000.00 247,312.03 0.00 2,312.03 0.94% 12,372.50 5.00% 0.21%05.0500% MAT 03/20/26LICU SHARE CERTIFICATE 100.83 0.27%
ALLY BK UT US RT 245,000.00 100.00 245,000.00 244,119.38 0.00 -880.62 -0.36% 8,697.50 3.56% 0.21%03.5500% MAT 06/30/26FIXED RATE CD

99.06 0.27%
AMER EXPRESS NATL UT US 245,000.00 98.05 240,222.50 241,990.49 0.00 1,767.99 0.74% 8,820.00 3.64% 0.21%RT 03.6000% MAT 09/25/29FIXED RATE CD

97.23 0.27%
AMERICAN COMM BK GA 245,000.00 100.00 245,000.00 239,694.71 0.00 -5,305.29 -2.17% 980.00 0.41% 0.21%US RT 00.4000% MAT09/22/25 FIXED RATE CD

97.83 0.26%
ARBOR FINL CREDIT MI US 245,000.00 100.00 245,000.00 247,154.69 0.00 2,154.69 0.88% 12,250.00 4.96% 0.21%RT 05.0000% MAT 04/03/28FIXED RATE CD 100.54 0.27%
BANK3 TENNESSEE TN US RT 245,000.00 100.00 245,000.00 240,222.50 0.00 -4,777.50 -1.95% 980.00 0.41% 0.21%00.4000% MAT 08/28/25FIXED RATE CD

98.05 0.26%
BANKUNITED NA FLOR FL US 245,000.00 100.00 245,000.00 236,407.85 0.00 -8,592.15 -3.51% 2,327.50 0.98% 0.21%RT 00.9500% MAT 03/31/26FIXED RATE CD

96.49 0.26%
BK HAPOALIM BM NY US RT 245,000.00 100.00 245,000.00 238,076.57 0.00 -6,923.43 -2.83% 1,225.00 0.51% 0.21%00.5000% MAT 12/15/25FIXED RATE CD

97.07 0.26%
BMO HARRIS BK NA IL US RT 245,000.00 100.00 245,000.00 236,703.83 0.00 -8,296.17 -3.39% 1,960.00 0.83% 0.21%00.8000% MAT 03/18/26FIXED RATE CD

96.46 0.26%
BMW BANK NORTH AME UT 245,000.00 100.00 245,001.17 247,057.70 -312.72 2,056.53 0.84% 4,410.00 1.79% 0.21%US RT 01.8000% MAT03/04/25 FIXED RATE CD

99.97 0.27%
CAPITAL ONE BK USA VA US 245,000.00 100.00 245,000.00 233,125.99 0.00 -11,874.01 -4.85% 2,817.50 1.21% 0.20%RT 01.1500% MAT 11/24/26FIXED RATE CD

94.85 0.26%
CAPITAL ONE NA VA US RT 245,000.00 100.00 245,000.00 233,125.99 0.00 -11,874.01 -4.85% 2,817.50 1.21% 0.20%01.1500% MAT 11/24/26FIXED RATE CD

94.85 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: March 03, 2025 Page 7 of 36 Consolidated report prepared for City of Glendora
Portfolio Holdingsas of February 28, 2025 (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 02/28/2025
Price on
02/28/2025
($)
% of
Fixed
Income
% of
portfolio
US
US Fixed Income
CENTERSTATE BK NA FL US 245,000.00 100.00 245,000.00 244,425.49 0.00 -574.51 -0.23% 2,450.00 1.00% 0.21%RT 01.0000% MAT 04/30/25FIXED RATE CD

99.43 0.27%
CFG COMMUNITY BANK 245,000.00 100.00 245,000.00 244,348.27 0.00 -651.73 -0.27% 9,310.00 3.81% 0.21%MD US RT 03.8000% MAT03/11/26 FIXED RATE CD

99.56 0.27%
CHAMBERS BANK AK US RT 108,000.00 100.00 108,000.00 105,835.10 0.00 -2,164.90 -2.00% 378.00 0.36% 0.09%00.3500% MAT 09/22/25FIXED RATE CD

97.84 0.12%
CIBC BANK ILLINOIS IL US RT 245,000.00 100.00 245,000.00 252,077.28 0.00 7,077.28 2.89% 12,250.00 4.86% 0.22%05.0000% MAT 03/24/26FIXED RATE CD 100.74 0.28%
COMMUNITY BK TN US RT 245,000.00 100.00 245,000.00 240,338.12 0.00 -4,661.88 -1.90% 980.00 0.41% 0.21%00.4000% MAT 08/26/25FIXED RATE CD

98.10 0.26%
CY-FAIR FED CREDIT TX US 245,000.00 100.00 245,000.00 246,269.80 0.00 1,269.80 0.52% 12,985.00 5.27% 0.21%RT 05.3000% MAT 07/14/28FIXED RATE CD 100.32 0.27%
DISCOVER BANK DE US RT 245,000.00 100.00 245,000.00 241,561.78 0.00 -3,438.22 -1.40% 7,840.00 3.25% 0.21%03.2000% MAT 05/24/27FIXED RATE CD

97.76 0.27%
EAGLEMARK SVGS BK NV 245,000.00 100.19 245,454.79 236,897.41 -648.31 -8,557.38 -3.49% 4,900.00 2.07% 0.21%US RT 02.0000% MAT03/02/27 FIXED RATE CD

95.71 0.26%
EATON CMNTY BK MI US RT 245,000.00 99.90 244,755.00 245,900.26 0.00 1,145.26 0.47% 12,495.00 5.08% 0.21%05.1000% MAT 03/08/29FIXED RATE CD 100.09 0.27%
ENCORE BANK AR US RT 245,000.00 100.00 245,000.00 243,281.31 0.00 -1,718.69 -0.70% 1,960.00 0.81% 0.21%00.8000% MAT 05/15/25FIXED RATE CD

99.27 0.27%
ENERBANK UT US RT 245,000.00 100.00 245,000.00 242,403.07 0.00 -2,596.93 -1.06% 1,592.50 0.66% 0.21%00.6500% MAT 06/19/25FIXED RATE CD

98.92 0.27%
ESSENTIAL FED CRED LA US 245,000.00 100.00 245,000.00 247,830.72 0.00 2,830.72 1.16% 11,515.00 4.65% 0.21%RT 04.7000% MAT 06/15/27LICU SHARE CERTIFICATE 100.99 0.27%
(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: March 03, 2025 Page 8 of 36 Consolidated report prepared for City of Glendora
Portfolio Holdingsas of February 28, 2025 (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 02/28/2025
Price on
02/28/2025
($)
% of
Fixed
Income
% of
portfolio
US
US Fixed Income
FIRST CAROLINA BK NC US 245,000.00 100.00 245,000.00 242,202.80 0.00 -2,797.20 -1.14% 1,470.00 0.61% 0.21%RT 00.6000% MAT 06/26/25FIXED RATE CD

98.86 0.27%
FIRST GTY BK HAMMO LA 219,000.00 100.00 219,000.00 220,635.12 0.00 1,635.12 0.75% 9,526.50 4.32% 0.19%US RT 04.3500% MAT11/06/28 FIXED RATE CD

99.39 0.24%
FLAGSTAR BANK, FSB MI US 245,000.00 100.00 245,000.00 244,485.70 0.00 -514.30 -0.21% 2,572.50 1.05% 0.21%RT 01.0500% MAT 04/30/25FIXED RATE CD

99.44 0.27%
GREAT STHN BK MO US RT 245,000.00 100.00 245,000.00 245,329.84 0.00 329.84 0.13% 11,025.00 4.49% 0.21%04.5000% MAT 10/20/25FIXED RATE CD 100.04 0.27%
GREENSTATE CREDIT IA US 245,000.00 100.00 245,000.00 236,251.72 0.00 -8,748.28 -3.57% 2,327.50 0.99% 0.20%RT 00.9500% MAT 04/16/26FIXED RATE CD

96.36 0.26%
HOME LN INVT BK RI US RT 245,000.00 100.00 245,000.00 240,353.79 0.00 -4,646.21 -1.90% 980.00 0.41% 0.21%00.4000% MAT 08/29/25FIXED RATE CD

98.07 0.26%
HORIZON BK NE US RT 245,000.00 100.00 245,000.00 244,204.49 0.00 -795.51 -0.32% 3,185.00 1.30% 0.21%01.3000% MAT 04/15/25FIXED RATE CD

99.63 0.27%
JPMORGAN CHASE BK OH 245,000.00 100.00 245,000.00 240,615.94 0.00 -4,384.06 -1.79% 1,715.00 0.71% 0.21%US RT 00.7000% MAT09/30/25 FIXED RATE CD

97.92 0.26%
LAFAYETTE FED CRED MD 245,000.00 100.00 245,000.00 239,940.15 0.00 -5,059.85 -2.07% 7,962.50 3.32% 0.21%US RT 03.2500% MAT06/15/27 LICU SHARECERTIFICATE

97.82 0.26%
LIVE OAK BKG CO NC US RT 245,000.00 100.00 245,000.00 233,242.89 0.00 -11,757.11 -4.80% 1,960.00 0.84% 0.20%00.8000% MAT 08/13/26FIXED RATE CD

95.14 0.26%
MEDALLION BK UT US RT 245,000.00 100.00 245,000.00 241,163.30 0.00 -3,836.70 -1.57% 1,347.50 0.56% 0.21%00.5500% MAT 07/30/25FIXED RATE CD

98.43 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: March 03, 2025 Page 9 of 36 Consolidated report prepared for City of Glendora
Portfolio Holdingsas of February 28, 2025 (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 02/28/2025
Price on
02/28/2025
($)
% of
Fixed
Income
% of
portfolio
US
US Fixed Income
METRO CREDIT UNION MA 245,000.00 100.00 245,000.00 233,528.50 0.00 -11,471.50 -4.68% 4,165.00 1.78% 0.20%US RT 01.7000% MAT02/18/27 LICU SHARECERTIFICATE

95.19 0.26%
MORGAN STANLEY BK UT 245,000.00 100.00 245,000.00 245,655.96 0.00 655.96 0.27% 10,412.50 4.24% 0.21%US RT 04.2500% MAT02/02/26 FIXED RATE CD

99.97 0.27%
MORTON CMNTY BK IL US 245,000.00 100.00 245,000.00 242,400.05 0.00 -2,599.95 -1.06% 1,470.00 0.61% 0.21%RT 00.6000% MAT 06/19/25FIXED RATE CD

98.92 0.27%
NEW ORLEANS FIREME LA 245,000.00 100.00 245,000.00 251,009.08 0.00 6,009.08 2.45% 12,250.00 4.88% 0.22%US RT 05.0000% MAT07/17/28 FIXED RATE CD 102.30 0.28%
NEW YORK CMNTY BK NY 245,000.00 100.00 245,000.00 234,011.92 0.00 -10,988.08 -4.48% 1,715.00 0.73% 0.20%US RT 00.7000% MAT07/01/26 FIXED RATE CD

95.40 0.26%
PACIFIC CREST SVGS WA US 245,000.00 100.00 245,000.00 243,721.10 0.00 -1,278.90 -0.52% 2,940.00 1.21% 0.21%RT 01.2000% MAT 04/30/25FIXED RATE CD

99.48 0.27%
PACIFIC WSTN BK CA US RT 245,000.00 100.00 245,000.00 245,258.02 0.00 258.02 0.11% 3,307.50 1.35% 0.21%01.3500% MAT 04/16/25FIXED RATE CD

99.61 0.27%
PENTAGON FED CREDI VA 245,000.00 100.00 245,000.00 233,366.36 0.00 -11,633.64 -4.75% 4,165.00 1.78% 0.20%US RT 01.7000% MAT02/18/27 CREDIT UNIONSHARE CERT

95.21 0.26%
SALLIE MAE BANK UT US RT 245,000.00 99.80 244,510.00 245,366.26 0.00 856.26 0.35% 9,922.50 4.04% 0.21%04.0500% MAT 11/21/29FIXED RATE CD

99.05 0.27%
SAN FRANCISCO FED CA US 245,000.00 100.00 245,000.00 244,434.08 0.00 -565.92 -0.23% 2,695.00 1.10% 0.21%RT 01.1000% MAT 03/27/25LICU SHARE CERTIFICATE

99.77 0.27%
SAVOY BK NY US RT 245,000.00 100.00 245,000.00 243,338.60 0.00 -1,661.40 -0.68% 1,960.00 0.81% 0.21%00.8000% MAT 05/13/25FIXED RATE CD

99.29 0.27%
(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: March 03, 2025 Page 10 of 36 Consolidated report prepared for City of Glendora
Portfolio Holdingsas of February 28, 2025 (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 02/28/2025
Price on
02/28/2025
($)
% of
Fixed
Income
% of
portfolio
US
US Fixed Income
SOMERSET TRUST CO PA US 245,000.00 100.00 245,000.00 244,646.36 0.00 -353.64 -0.14% 2,450.00 1.00% 0.21%RT 01.0000% MAT 03/19/25FIXED RATE CD

99.83 0.27%
STAR FINL BK IN US RT 245,000.00 100.00 245,000.00 245,104.38 0.00 104.38 0.04% 11,270.00 4.60% 0.21%04.6000% MAT 08/27/29FIXED RATE CD 100.03 0.27%
STATE BANK OF INDI NY US 245,000.00 100.00 245,000.00 237,396.81 0.00 -7,603.19 -3.10% 2,205.00 0.93% 0.21%RT 00.9000% MAT 03/25/26FIXED RATE CD

96.51 0.26%
STATE BK IL US RT 245,000.00 100.00 245,000.00 245,773.93 0.00 773.93 0.32% 10,045.00 4.09% 0.21%04.1000% MAT 11/26/29FIXED RATE CD

99.26 0.27%
STOCKMAN BK MT US RT 245,000.00 100.00 245,000.00 243,043.69 0.00 -1,956.31 -0.80% 1,470.00 0.60% 0.21%00.6000% MAT 06/10/25FIXED RATE CD

99.07 0.27%
SYNCHRONY BANK UT US 245,000.00 100.00 245,000.00 246,687.55 0.00 1,687.55 0.69% 4,900.00 1.99% 0.21%RT 02.0000% MAT 03/25/25FIXED RATE CD

99.83 0.27%
TECHNOLOGY CREDIT CA 245,000.00 100.00 245,000.00 247,853.91 0.00 2,853.91 1.16% 12,250.00 4.94% 0.21%US RT 05.0000% MAT03/23/26 CREDIT UNIONSHARE CERT 100.80 0.27%
TEXAS EXCHANGE BK TX US 245,000.00 100.00 245,000.00 238,966.19 0.00 -6,033.81 -2.46% 1,470.00 0.62% 0.21%RT 00.6000% MAT 10/23/25FIXED RATE CD

97.53 0.26%
TOYOTA FINL SVG BK NV US 245,000.00 100.00 245,000.00 236,623.65 0.00 -8,376.35 -3.42% 2,205.00 0.93% 0.21%RT 00.9000% MAT 04/22/26FIXED RATE CD

96.26 0.26%
UBS BANK UT US RT 245,000.00 100.00 245,000.00 234,565.32 0.00 -10,434.68 -4.26% 2,082.50 0.89% 0.20%00.8500% MAT 06/16/26FIXED RATE CD

95.71 0.26%
USALLIANCE FED CRE NY US 245,000.00 100.00 245,000.00 239,861.28 0.00 -5,138.72 -2.10% 1,225.00 0.51% 0.21%RT 00.5000% MAT 09/29/25FIXED RATE CD

97.82 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: March 03, 2025 Page 11 of 36 Consolidated report prepared for City of Glendora
Portfolio Holdingsas of February 28, 2025 (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 02/28/2025
Price on
02/28/2025
($)
% of
Fixed
Income
% of
portfolio
US
US Fixed Income
VALLEYSTAR CR UN M VA 245,000.00 100.00 245,000.00 247,181.94 0.00 2,181.94 0.89% 12,250.00 4.96% 0.21%US RT 05.0000% MAT03/20/26 LICU SHARECERTIFICATE 100.78 0.27%
WELLS FARGO BK NA SD US 245,000.00 100.00 244,987.75 244,150.15 0.00 -837.60 -0.34% 10,045.00 4.11% 0.21%RT 04.1000% MAT 02/06/29FIXED RATE CD

99.41 0.27%
WORKERS CREDIT UNI MA 245,000.00 100.00 245,000.00 244,138.57 0.00 -861.43 -0.35% 10,045.00 4.11% 0.21%US RT 04.1000% MAT11/22/27 LICU SHARECERTIFICATE

99.58 0.27%
Total US Fixed Income $14,531,931 $14,362,670 -$961.03 -$169,261 -1.16% $321,300 2.24% 15.77% 12.46%Government FFCB BOND 00.600 % DUE 2,000,000.00 100.00 2,000,000.00 1,980,200.00 0.00 -19,800.00 -0.99% 12,000.00 0.61% 1.72%061625 DTD 061621 FC12162021

98.89 2.17%
FFCB BOND 00.600 % DUE 2,000,000.00 100.00 2,000,000.00 1,951,353.33 0.00 -48,646.67 -2.43% 12,000.00 0.61% 1.69%112425 DTD 112420 FC05242021

97.41 2.14%
FFCB BOND 00.610 % DUE 2,000,000.00 100.00 2,000,000.00 1,986,399.44 0.00 -13,600.56 -0.68% 12,200.00 0.61% 1.72%052325 DTD 082321 FC11232021

99.16 2.18%
FFCB BOND 00.660 % DUE 2,000,000.00 100.00 2,000,000.00 1,967,816.67 0.00 -32,183.33 -1.61% 13,200.00 0.67% 1.71%091525 DTD 091521 FC03152022

98.09 2.16%
FFCB BOND 00.680 % DUE 2,000,000.00 100.00 2,000,000.00 1,987,860.00 0.00 -12,140.00 -0.61% 13,600.00 0.68% 1.72%051925 DTD 051921 FC11192021

99.21 2.18%
FFCB BOND 00.710 % DUE 2,000,000.00 100.00 2,000,000.00 1,994,609.44 0.00 -5,390.56 -0.27% 14,200.00 0.71% 1.73%042125 DTD 042121 FC10212021

99.48 2.19%
FFCB BOND 01.840 % DUE 2,000,000.00 100.00 2,000,000.00 1,920,931.11 0.00 -79,068.89 -3.95% 36,800.00 1.92% 1.67%012627 DTD 012622 FC07262022

95.88 2.11%
(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: March 03, 2025 Page 12 of 36 Consolidated report prepared for City of Glendora
Portfolio Holdingsas of February 28, 2025 (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 02/28/2025
Price on
02/28/2025
($)
% of
Fixed
Income
% of
portfolio
US
Government
FFCB BOND 04.620 % DUE 1,500,000.00 99.92 1,498,850.25 1,526,017.50 0.00 27,167.25 1.81% 69,300.00 4.54% 1.32%100129 DTD 100124 FC04012025

99.85 1.68%
FFCB NTS 00.940 % DUE 2,000,000.00 100.00 2,000,000.00 1,911,693.33 0.00 -88,306.67 -4.42% 18,800.00 0.98% 1.66%092826 DTD 092821 FC03282022

95.19 2.10%
FHLB BOND 00.625 % DUE 2,000,000.00 100.00 2,000,000.00 1,977,883.33 0.00 -22,116.67 -1.11% 12,500.00 0.63% 1.72%063025 DTD 063021 FC12302021

98.79 2.17%
FHLB BOND 01.050 % DUE 1,000,000.00 96.84 968,385.25 957,507.50 0.00 -10,877.75 -1.12% 10,500.00 1.10% 0.83%081326 DTD 081321 FC02132022

95.71 1.05%
FHLB BOND 01.780 % DUE 2,000,000.00 100.00 2,000,000.00 1,914,800.00 0.00 -85,200.00 -4.26% 35,600.00 1.86% 1.66%021027 DTD 021022 FC08102022

95.65 2.10%
FHLB BOND 02.010 % DUE 3,215,000.00 95.65 3,075,098.40 3,089,478.36 0.00 14,379.96 0.47% 64,621.50 2.09% 2.68%022527 DTD 022522 FC08252022

96.08 3.39%
FHLB BOND STEP-UP 2,000,000.00 100.00 2,000,000.00 1,949,293.33 0.00 -50,706.67 -2.54% 20,000.00 1.03% 1.69%1.0000% DUE 063026 DTD063021 FC 12302021

97.30 2.14%
FHLB NTS 1.0500% DUE 2,000,000.00 100.00 2,000,000.00 1,943,970.00 0.00 -56,030.00 -2.80% 21,000.00 1.08% 1.69%033026 DTD 033021 FC09302021

96.76 2.13%
FHLB NTS 1.1500% DUE 2,000,000.00 100.00 2,000,000.00 1,915,847.78 0.00 -84,152.22 -4.21% 23,000.00 1.20% 1.66%082626 DTD 082621 FC02262022

95.79 2.10%
FHLB NTS 1.5000% DUE 2,000,000.00 100.00 2,000,000.00 1,936,800.00 0.00 -63,200.00 -3.16% 30,000.00 1.55% 1.68%063026 DTD 063021 FC12302021

96.59 2.13%
FHLB NTS 04.625 % DUE 1,000,000.00 99.76 997,555.25 1,016,646.81 0.00 19,091.56 1.91% 46,250.00 4.55% 0.88%101529 DTD 101524 FC04152025

99.96 1.12%
FHLMC MED TERM NTS 1,000,000.00 99.85 998,500.00 985,776.11 0.00 -12,723.89 -1.27% 5,000.00 0.51% 0.85%00.500 % DUE 072325 DTD072320 FC 01232021

98.53 1.08%
(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: March 03, 2025 Page 13 of 36 Consolidated report prepared for City of Glendora
Portfolio Holdingsas of February 28, 2025 (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 02/28/2025
Price on
02/28/2025
($)
% of
Fixed
Income
% of
portfolio
US
Government
FHLMC MED TERM NTS 2,000,000.00 100.00 2,000,000.00 1,986,550.00 0.00 -13,450.00 -0.67% 14,600.00 0.73% 1.72%00.730 % DUE 052825 DTD052820 FC 11282020

99.15 2.18%
FNMA NTS 00.500 % DUE 1,000,000.00 100.00 999,950.00 983,004.44 0.00 -16,945.56 -1.69% 5,000.00 0.51% 0.85%081425 DTD 081420 FC02142021

98.28 1.08%
FNMA NTS 00.540 % DUE 2,000,000.00 100.00 2,000,000.00 1,956,550.00 0.00 -43,450.00 -2.17% 10,800.00 0.55% 1.70%102725 DTD 102720 FC04272021

97.65 2.15%
FNMA NTS 00.560 % DUE 2,000,000.00 100.00 2,000,000.00 1,952,282.22 0.00 -47,717.78 -2.39% 11,200.00 0.57% 1.69%111725 DTD 111720 FC05172021

97.46 2.14%
FNMA NTS 04.125 % DUE 988,000.00 99.59 983,948.13 986,438.96 0.00 2,490.83 0.25% 40,755.00 4.13% 0.86%082825 DTD 083022 FC02282023

99.84 1.08%
FNMA NTS 05.050 % DUE 1,000,000.00 - - 1,012,137.22 0.00 - - 50,500.00 4.99% 0.88%062629 DTD 062824 FC12262024 100.34 1.11%
INTL FIN CORP NTS 00.500 2,000,000.00 100.00 2,000,000.00 1,955,221.11 0.00 -44,778.89 -2.24% 10,000.00 0.51% 1.70%% DUE 051526 DTD 052821FC 11152021

97.62 2.15%
US TSY NOTE 01.125 % DUE 1,000,000.00 98.21 982,052.13 957,319.28 0.00 -24,732.85 -2.52% 11,250.00 1.18% 0.83%10/31/26 DTD 10/31/21 FC04/30/22

95.36 1.05%
US TSY NOTE 03.875 % DUE 1,500,000.00 99.38 1,490,677.13 1,503,886.57 0.00 13,209.44 0.89% 58,125.00 3.86% 1.30%11/30/29 DTD 11/30/22 FC05/31/23

99.30 1.65%
US TSY NOTE 03.875 % DUE 1,017,000.00 97.76 994,218.09 1,016,029.38 0.00 21,811.29 2.19% 39,408.75 3.88% 0.88%12/31/29 DTD 12/31/22 FC06/30/23

99.27 1.12%
US TSY NOTE 04.000 % DUE 500,000.00 98.51 492,571.66 505,749.83 0.00 13,178.17 2.68% 20,000.00 3.95% 0.44%10/31/29 DTD 10/31/22 FC04/30/23

99.82 0.56%
US TSY NOTE 04.125 % DUE 1,000,000.00 98.38 983,770.88 1,017,464.03 0.00 33,693.15 3.42% 41,250.00 4.05% 0.88%10/31/29 DTD 10/31/24 FC04/30/25 100.38 1.12%
(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: March 03, 2025 Page 14 of 36 Consolidated report prepared for City of Glendora
Portfolio Holdingsas of February 28, 2025 (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 02/28/2025
Price on
02/28/2025
($)
% of
Fixed
Income
% of
portfolio
US
GovernmentTotal Government $50,465,577* $50,747,517 $0.00 -$730,197* -1.45%* $783,460 1.54% 55.71% 44.01%Corporate IG Credit ACCENTURE CAPITAL INC 1,000,000.00 97.76 977,635.25 998,870.00 0.00 21,234.75 2.17% 40,500.00 4.05% 0.87%04.050% 100429DTD100424 FC040425CALL@MW+10BP

98.27 1.10%
AMAZON COM INC NTS B/E 1,000,000.00 100.03 1,000,258.42 992,648.89 -4,569.74 -7,609.53 -0.76% 8,000.00 0.81% 0.86%00.800% 060325DTD060320CALL@MW+10BP

99.08 1.09%
AMEREN ILL CO NTS B/E 1,500,000.00 99.67 1,494,995.25 1,487,658.33 0.00 -7,336.92 -0.49% 57,000.00 3.83% 1.29%03.800% 051528DTD052218 FC111518CALL@MW+15BP

98.09 1.63%
CATERPILLAR FINL SERVICE 2,026,000.00 100.16 2,029,234.16 2,021,438.69 -67,295.34 -7,795.47 -0.38% 29,377.00 1.45% 1.75%01.450% 051525DTD051520 FC111520CALL@MW+20BP

99.36 2.22%
CHARLES SCHWAB CORP 470,000.00 94.17 442,604.25 450,460.53 0.00 7,856.28 1.78% 15,275.00 3.39% 0.39%B/E 03.250% 052229DTD052219 FC112219

94.98 0.49%
CHARLES SCHWAB CORP 2,000,000.00 99.49 1,989,860.00 1,936,770.00 0.00 -53,090.00 -2.67% 18,000.00 0.93% 1.68%NTS 00.900% 031126DTD121120 FC031121CALL@MW+10BP

96.42 2.13%
COMCAST CORP NEW B/E 1,000,000.00 101.20 1,012,039.96 996,158.75 -107,246.33 -15,881.21 -1.57% 33,750.00 3.39% 0.86%03.375% 081525DTD052715 FC081515CALL@MW+20BP

99.49 1.09%
E I DU PONT DE NEMOURS 2,141,000.00 100.29 2,147,105.35 2,120,169.26 -59,778.45 -26,936.09 -1.25% 36,397.00 1.72% 1.84%01.700% 071525DTD051520 FC011521CALL@MW+25BP

98.82 2.33%
(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: March 03, 2025 Page 15 of 36 Consolidated report prepared for City of Glendora
Portfolio Holdingsas of February 28, 2025 (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 02/28/2025
Price on
02/28/2025
($)
% of
Fixed
Income
% of
portfolio
US
Corporate IG Credit
INTEL CORP NTS B/E 1,054,000.00 100.21 1,056,236.83 1,068,144.68 -131,616.75 11,907.85 1.13% 35,836.00 3.35% 0.93%03.400% 032525DTD032520CALL@MW+45BP

99.90 1.17%
JOHN DEERE CPTL CORP 2,000,000.00 100.03 2,000,699.89 1,940,932.22 -3,206.72 -59,767.67 -2.99% 14,000.00 0.72% 1.68%00.700% 011526DTD010721 FC071521 MEDTERM NTS

96.96 2.13%
JPMORGAN CHASE & CO 1,200,000.00 100.00 1,200,000.00 1,148,165.33 0.00 -51,834.67 -4.32% 9,600.00 0.84% 1.00%00.800% 022626DTD022621 FC082621 MEDTERM NTS

95.68 1.26%
MASTERCARD INC NTS B/E 2,000,000.00 100.01 2,000,241.52 2,019,444.44 -82,543.39 19,202.92 0.96% 40,000.00 1.98% 1.75%02.000% 030325DTD120319 FC030320CALL@MW+10BP 100.00 2.22%
MORGAN STANLEY FIN LLC 2,000,000.00 100.00 2,000,000.00 1,891,118.33 0.00 -108,881.67 -5.44% 21,000.00 1.11% 1.64%01.050% 082726DTD082721 FC022722 MEDTERM NTS

94.55 2.08%
PACIFICORP B/E 03.500% 1,000,000.00 97.14 971,415.25 962,927.22 0.00 -8,488.03 -0.87% 35,000.00 3.63% 0.84%061529 DTD030119FC061519 CALL@MW+15BP

95.58 1.06%
ST STREET BK & TR CO NTS 500,000.00 99.90 499,490.25 510,891.75 0.00 11,401.50 2.28% 23,910.00 4.68% 0.44%04.782% 112329DTD112524 FC052325 B/E 100.94 0.56%
TARGET CORP NTS B/E 2,000,000.00 100.18 2,003,602.13 2,010,965.00 -128,927.79 7,362.87 0.37% 45,000.00 2.24% 1.74%02.250% 041525DTD033120 FC101520CALL@MW+30BP

99.72 2.21%
UNITED HEALTH GROUP INC 2,000,000.00 100.06 2,001,181.98 1,931,720.56 -3,586.08 -69,461.42 -3.47% 23,000.00 1.19% 1.68%01.150% 051526DTD051921 FC111521CALL@MW+07.50BP

96.26 2.12%
(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: March 03, 2025 Page 16 of 36 Consolidated report prepared for City of Glendora
Portfolio Holdingsas of February 28, 2025 (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 02/28/2025
Price on
02/28/2025
($)
% of
Fixed
Income
% of
portfolio
US
Corporate IG Credit
UNITED HEALTH GROUP INC 1,000,000.00 98.46 984,595.25 990,844.44 0.00 6,249.19 0.63% 40,000.00 4.04% 0.86%04.000% 051529DTD052022 FC111522CALL@MW+20BP

97.94 1.09%
US BANCORP NTS B/E 500,000.00 98.96 494,790.25 499,500.00 0.00 4,709.75 0.95% 23,265.00 4.66% 0.43%04.653% 020129DTD020123 FC080123

99.90 0.55%
Total Corporate IG Credit $26,305,986 $25,978,828 -$588,770.59 -$327,158 -1.24% $548,910 2.11% 28.52% 22.53% Total US $91,303,494* $91,089,015 -$589,731.62 -$1,226,616* -1.34%* $1,653,670 1.82% 100% 79.00% Total Fixed Income $91,303,494* $91,089,015 -$589,731.62 -$1,226,616* -1.34%* $1,653,670 1.82% 100% 79.00%Total Portfolio $115,518,501* $115,304,022 -$1,226,616* -1.06%* $2,097,436 1.82% 100% 100% Unrealized
gain/loss
(%)
Unrealized
gain/loss ($)
% of
asset
class
Est. annual
Cost basis ($) income ($)
Current
Market value ($) yield (%)
% of
portfolio
Total accrued interest (included in market values): $358,604.14(1)Assets held at other financial institutions are included in this report. We have not verified, and are not responsible for, the accuracy or completeness of this information.* Total Cost Basis and/or Unrealized G/L values marked with an asterisk (*) are incomplete due to missing cost basis information.Accrued interest, if any, has been included in the total market value.Report created on: March 03, 2025 Page 17 of 36 Consolidated report prepared for City of Glendora
Bond Holdingsas of February 28, 2025Summary of Bond HoldingsMaturityYear Yield to
maturity (%)
Yield to
worst (%)
Unrealized
Issues gain/loss ($) Mkt. value ($)
Est. annual
income ($)
Adjusted
cost basis ($)
Modified
duration
Current
Quantity yield (%) % of bond portfolio maturing
2025 46 40,442,000 466,553.00 1.17% 4.21% 4.21% 0.34 40,464,117.67 -479,749.70 40,097,741.02

44.07%
2026 30 27,365,000 330,110.00 1.25% 4.40% 4.40% 1.22 27,307,179.25 -913,180.55 26,456,363.52

29.09%
2027 10 8,930,000 187,614.00 2.18% 4.13% 4.13% 1.93 8,790,553.19 -199,415.94 8,602,472.96

9.47%
2028 5 2,454,000 104,011.50 4.28% 4.55% 4.44% 2.55 2,448,995.25 -17,258.23 2,452,727.03

2.68%
2029 19 13,457,000 565,381.25 4.24% 4.43% 4.32% 3.67 12,292,649.01 1,036,521.20 13,479,710.76

14.69%
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/A2050 0 0 N/A N/A N/A2050 + 0 0 N/A N/A N/AOther 0 0 N/A N/A N/ATotal 110 92,648,000 $1,653,669.75 1.82% 4.29% 4.26% 1.29 $91,303,494.37 $-573,083.22 $91,089,015.29Includes all fixed-rate securities in the selected portfolio. Average yields and durations exclude Structured Product, Pass-Through, Perpetual Preferred, and Foreign securities.Accrued interest, if any, has been included in the total market value.Report created on: March 03, 2025 Page 18 of 36 Consolidated report prepared for City of Glendora
Bond Holdingsas of February 28, 2025 (continued)
Effective rating/
Underlying rating
(Mdy/Fitch/S&P)
Mkt. value ($)/
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 ($)

4.29%4.26%
08/16/2026 N/A 1.29$91,303,494.37 N/A $90,730,411.15
$-573,083.22
92,648,000

1.82% $358,604.14

1.80% $1,653,669.75 100%
$91,089,015.29
Total Bond PortfolioDetails of Bond Holdings
Est. annual
income ($)/
Curr. yield (%)
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 2,000,241.52 100.000
19,444.44

2.00%

2.00% -241.52
03/03/2025 0.01 2,000,000.00 2.20%

1.98%
40,000.00 1.98%

NR/NR/NR
MASTERCARD INC NTS B/E Aa3/NR/A+02.000% 030325DTD120319 FC030320CALL@MW+10BP 245,000 245,001.17 99.967
2,138.55

1.80%

1.80% -82.02
03/04/2025 0.01 244,919.15 0.27%

4.77%
BMW BANK NORTH AME UT 4,410.00 4.77%US RT 01.8000% MAT03/04/25 FIXED RATE CD /UT CD
245,000 245,000.00 99.831

60.41 1.00%

1.00% -414.05
03/19/2025 0.05 244,585.95 0.27%

4.25%
SOMERSET TRUST CO PA US 2,450.00 4.25%RT 01.0000% MAT 03/19/25FIXED RATE CD /PA CD
1,054,000 1,056,236.83 99.897
15,230.30

3.40%

3.40% -3,322.45
03/25/2025 0.07 1,052,914.38 1.16%

4.71%
35,836.00 4.71%

NR/NR/NR
INTEL CORP NTS B/E Baa1/BBB+/BBB03.400% 032525DTD032520CALL@MW+45BP 245,000 245,000.00 99.834
2,094.25

2.00%

2.00% -406.70
03/25/2025 0.07 244,593.30 0.27%

4.39%
SYNCHRONY BANK UT US RT 4,900.00 4.39%02.0000% MAT 03/25/25FIXED RATE CD /UT CD
245,000 245,000.00 99.766

7.38 1.10%

1.10% -573.30
03/27/2025 0.07 244,426.70 0.27%

4.27%
SAN FRANCISCO FED CA US 2,695.00 4.27%RT 01.1000% MAT 03/27/25LICU SHARE CERTIFICATE/CA CD
245,000 245,000.00 99.629
113.44

1.30%

1.30% -908.95
04/15/2025 0.13 244,091.05 0.27%

4.26%
HORIZON BK NE US RT 3,185.00 4.26%01.3000% MAT 04/15/25FIXED RATE CD /NE CD
2,000,000 2,003,602.13 99.717
16,625.00

2.25%

2.26% -9,262.13
04/15/2025 03/15/2025 0.13 1,994,340.00 2.20%

4.39%4.39%
100.00
45,000.00

NR/NR/NR
TARGET CORP NTS B/E A2/A/A02.250% 041525DTD033120 FC101520CALL@MW+30BPIncludes 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: March 03, 2025 Page 19 of 36 Consolidated report prepared for City of Glendora
Bond Holdingsas of February 28, 2025 (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 99.606
1,223.32

1.35%

1.36% -965.30
04/16/2025 0.13 244,034.70 0.27%

4.41%
PACIFIC WSTN BK CA US RT 3,307.50 4.41%01.3500% MAT 04/16/25FIXED RATE CD /CA CD
2,000,000 2,000,000.00 99.480
5,009.44

0.71%

0.71% -10,400.00
04/21/2025 0.15 1,989,600.00 2.19%

4.25%
14,200.00 4.25%

NR/NR/NR
FFCB BOND 00.710 % DUE Aaa/AA+/AA+042125 DTD 042121 FC10212021 245,000 245,000.00 99.434
812.19

1.00%

1.01% -1,386.70
04/30/2025 0.17 243,613.30 0.27%

4.40%
CENTERSTATE BK NA FL US 2,450.00 4.40%RT 01.0000% MAT 04/30/25FIXED RATE CD /FL CD
245,000 245,000.00 99.442
852.80

1.05%

1.06% -1,367.10
04/30/2025 0.17 243,632.90 0.27%

4.40%
FLAGSTAR BANK, FSB MI US 2,572.50 4.40%RT 01.0500% MAT 04/30/25FIXED RATE CD /MI CD
245,000 245,000.00 99.478

0.00 1.20%

1.21% -1,278.90
04/30/2025 0.17 243,721.10 0.27%

4.34%
PACIFIC CREST SVGS WA US 2,940.00 4.34%RT 01.2000% MAT 04/30/25FIXED RATE CD /WA CD
245,000 245,000.00 99.289

80.55 0.80%

0.81% -1,741.95
05/13/2025 0.20 243,258.05 0.27%

4.33%
SAVOY BK NY US RT 1,960.00 4.33%00.8000% MAT 05/13/25FIXED RATE CD /NY CD
2,026,000 2,029,234.16 99.360
8,405.09

1.45%

1.46% -16,200.56
05/15/2025 0.21 2,013,033.60 2.22%

4.45%
29,377.00 4.45%

NR/NR/NR
CATERPILLAR FINL SERVICE A2/A+/A01.450% 051525DTD051520 FC111520CALL@MW+20BP 245,000 245,000.00 99.270

69.81 0.80%

0.81% -1,788.50
05/15/2025 0.21 243,211.50 0.27%

4.33%
ENCORE BANK AR US RT 1,960.00 4.33%00.8000% MAT 05/15/25FIXED RATE CD /AR CD
2,000,000 2,000,000.00 99.206
3,740.00

0.68%

0.69% -15,880.00
05/19/2025 0.22 1,984,120.00 2.19%

4.23%
13,600.00 4.23%

NR/NR/NR
FFCB BOND 00.680 % DUE Aaa/AA+/AA+051925 DTD 051921 FC11192021 2,000,000 2,000,000.00 99.159
3,219.44

0.61%

0.62% -16,820.00
05/23/2025 0.23 1,983,180.00 2.19%

4.20%
12,200.00 4.20%

NR/NR/NR
FFCB BOND 00.610 % DUE Aaa/AA+/AA+052325 DTD 082321 FC11232021 2,000,000 2,000,000.00 99.145
3,650.00

0.73%

0.74% -17,100.00
05/28/2025 02/28/2025 0.25 1,982,900.00 2.19%

4.25%4.25%
100.00
14,600.00

NR/NR/NR
FHLMC MED TERM NTS Aaa/AA+/NR00.730 % DUE 052825 DTD052820 FC 11282020Includes 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: March 03, 2025 Page 20 of 36 Consolidated report prepared for City of Glendora
Bond Holdingsas of February 28, 2025 (continued)Maturing 2025 Effective rating/
Underlying rating
(Mdy/Fitch/S&P) Quantity Coupon
Effective
maturity
Call date/
Call price ($)
Est. annual
income ($)/
Curr. yield (%)
YTM (%)/
YTW (%)
Modified
duration
Market
price ($)
Mkt. value ($)/
Accr. interest ($)
% of
bond
port.

Adjusted
cost basis ($)/
Unreal. g/l ($)
1,000,000 1,000,258.42 99.076
1,888.89

0.80%

0.81% -9,498.42
06/03/2025 05/03/2025 0.26 990,760.00 1.09%

4.33%4.33%
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 99.070
322.19

0.60%

0.61% -2,278.50
06/10/2025 0.28 242,721.50 0.27%

3.96%
STOCKMAN BK MT US RT 1,470.00 3.96%00.6000% MAT 06/10/25FIXED RATE CD /MT CD
2,000,000 2,000,000.00 98.890
2,400.00

0.60%

0.61% -22,200.00
06/16/2025 0.30 1,977,800.00 2.18%

4.34%
12,000.00 4.34%

NR/NR/NR
FFCB BOND 00.600 % DUE Aaa/AA+/AA+061625 DTD 061621 FC12162021 245,000 245,000.00 98.924

39.27 0.65%

0.66% -2,636.20
06/19/2025 0.30 242,363.80 0.27%

4.22%
ENERBANK UT US RT 1,592.50 4.22%00.6500% MAT 06/19/25FIXED RATE CD /UT CD
245,000 245,000.00 98.924

36.25 0.60%

0.61% -2,636.20
06/19/2025 0.30 242,363.80 0.27%

4.17%
MORTON CMNTY BK IL US 1,470.00 4.17%RT 00.6000% MAT 06/19/25FIXED RATE CD /IL CD
245,000 245,000.00 98.855

8.05 0.60%

0.61% -2,805.25
06/26/2025 0.32 242,194.75 0.27%

4.17%
FIRST CAROLINA BK NC US 1,470.00 4.17%RT 00.6000% MAT 06/26/25FIXED RATE CD /NC CD
2,000,000 2,000,000.00 98.790
2,083.33

0.63%

0.63% -24,200.00
06/30/2025 0.33 1,975,800.00 2.18%

4.24%
12,500.00 4.24%

NR/NR/NR
FHLB BOND 00.625 % DUE Aaa/NR/AA+063025 DTD 063021 FC12302021 2,141,000 2,147,105.35 98.824
4,347.42

1.70%

1.72% -31,283.51
07/15/2025 06/15/2025 0.37 2,115,821.84 2.33%

4.84%4.84%
100.00
36,397.00

NR/NR/NR
E I DU PONT DE NEMOURS A3/A/A01.700% 071525DTD051520 FC011521CALL@MW+25BP 1,000,000 998,500.00 98.529
486.11

0.50%

0.51% -13,210.00
07/23/2025 0.40 985,290.00 1.09%

4.21%
5,000.00 4.21%

NR/NR/NR
FHLMC MED TERM NTS Aaa/AA+/NR00.500 % DUE 072325 DTD072320 FC 01232021 245,000 245,000.00 98.434

0.00 0.55%

0.56% -3,836.70
07/30/2025 0.41 241,163.30 0.27%

4.35%
MEDALLION BK UT US RT 1,347.50 4.35%00.5500% MAT 07/30/25FIXED RATE CD /UT CD
1,000,000 999,950.00 98.281
194.44

0.50%

0.51% -17,140.00
08/14/2025 05/14/2025 0.45 982,810.00 1.08%

4.30%4.30%
100.00
5,000.00

NR/NR/NR
FNMA NTS 00.500 % DUE Aaa/AA+/AA+081425 DTD 081420 FC02142021Includes 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: March 03, 2025 Page 21 of 36 Consolidated report prepared for City of Glendora
Bond Holdingsas of February 28, 2025 (continued)Maturing 2025 Effective rating/
Underlying rating
(Mdy/Fitch/S&P) Quantity Coupon
Effective
maturity
Call date/
Call price ($)
Est. annual
income ($)/
Curr. yield (%)
YTM (%)/
YTW (%)
Modified
duration
Market
price ($)
Mkt. value ($)/
Accr. interest ($)
% of
bond
port.

Adjusted
cost basis ($)/
Unreal. g/l ($)
1,000,000 1,012,039.96 99.494
1,218.75

3.38%

3.39% -17,099.96
08/15/2025 05/15/2025 0.45 994,940.00 1.10%

4.48%4.48%
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 98.095

5.37 0.40%

0.41% -4,667.25
08/26/2025 0.49 240,332.75 0.26%

4.33%
COMMUNITY BK TN US RT 980.00 4.33%00.4000% MAT 08/26/25FIXED RATE CD /TN CD
245,000 245,000.00 98.050

0.00 0.40%

0.41% -4,777.50
08/28/2025 0.49 240,222.50 0.26%

4.38%
BANK3 TENNESSEE TN US RT 980.00 4.38%00.4000% MAT 08/28/25FIXED RATE CD /TN CD
988,000 983,948.13 99.842

0.00 4.13%

4.13% 2,490.83
08/28/2025 02/28/2025 0.48 986,438.96 1.09%

4.47%4.47%
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 98.074

72.49 0.40%

0.41% -4,718.70
08/29/2025 0.50 240,281.30 0.26%

4.31%
HOME LN INVT BK RI US RT 980.00 4.31%00.4000% MAT 08/29/25FIXED RATE CD /RI CD
2,000,000 2,000,000.00 98.092
5,976.67

0.66%

0.67% -38,160.00
09/15/2025 0.53 1,961,840.00 2.16%

4.22%
13,200.00 4.22%

NR/NR/NR
FFCB BOND 00.660 % DUE Aaa/AA+/AA+091525 DTD 091521 FC03152022 245,000 245,000.00 97.828

16.11 0.40%

0.41% -5,321.40
09/22/2025 03/22/2025 0.56 239,678.60 0.26%

4.30%4.30%
100.00
AMERICAN COMM BK GA 980.00US RT 00.4000% MAT09/22/25 FIXED RATE CD /GA CD
108,000 108,000.00 97.843
164.66

0.35%

0.36% -2,329.56
09/22/2025 0.55 105,670.44 0.12%

4.25%
CHAMBERS BANK AK US RT 378.00 4.25%00.3500% MAT 09/22/25FIXED RATE CD /AK CD
245,000 245,000.00 97.819
204.73

0.50%

0.51% -5,343.45
09/29/2025 03/29/2025 0.58 239,656.55 0.26%

4.30%4.30%
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 97.921
709.49

0.70%

0.71% -5,093.55
09/30/2025 03/31/2025 0.57 239,906.45 0.26%

4.32%4.32%
100.00
JPMORGAN CHASE BK OH 1,715.00US RT 00.7000% MAT09/30/25 FIXED RATE CD /OH CD
245,000 245,000.00 100.036
241.64

4.50%

4.50% 88.20
10/20/2025 03/20/2025 0.05 245,088.20 0.27%

3.84%4.44%
100.00
GREAT STHN BK MO US RT 11,025.0004.5000% MAT 10/20/25FIXED RATE CD /MO 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: March 03, 2025 Page 22 of 36 Consolidated report prepared for City of Glendora
Bond Holdingsas of February 28, 2025 (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 97.529

20.14 0.60%

0.62% -6,053.95
10/23/2025 03/23/2025 0.65 238,946.05 0.26%

4.47%4.47%
100.00
TEXAS EXCHANGE BK TX US 1,470.00RT 00.6000% MAT 10/23/25FIXED RATE CD /TX CD
2,000,000 2,000,000.00 97.646
3,630.00

0.54%

0.55% -47,080.00
10/27/2025 0.65 1,952,920.00 2.15%

4.17%
10,800.00 4.17%

NR/NR/NR
FNMA NTS 00.540 % DUE Aaa/AA+/AA+102725 DTD 102720 FC04272021 2,000,000 2,000,000.00 97.457
3,142.22

0.56%

0.57% -50,860.00
11/17/2025 0.70 1,949,140.00 2.15%

4.18%
11,200.00 4.18%

NR/NR/NR
FNMA NTS 00.560 % DUE Aaa/AA+/AA+111725 DTD 111720 FC05172021 2,000,000 2,000,000.00 97.411
3,133.33

0.60%

0.62% -51,780.00
11/24/2025 0.72 1,948,220.00 2.15%

4.19%
12,000.00 4.19%

NR/NR/NR
FFCB BOND 00.600 % DUE Aaa/AA+/AA+112425 DTD 112420 FC05242021 245,000 245,000.00 97.070
255.07

0.50%

0.52% -7,178.50
12/15/2025 0.78 237,821.50 0.26%

4.28%
BK HAPOALIM BM NY US RT 1,225.00 4.28%00.5000% MAT 12/15/25FIXED RATE CD /NY CD
Total 2025 40,442,000 1.16% 07/04/2025 $466,553.00

1.17%

4.21%4.21%

0.34$40,464,117.67
$-479,749.70
$39,984,367.97
$113,373.05

44.07%
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 2,000,699.89 96.963
1,672.22

0.70%

0.72% -61,439.89
01/15/2026 0.86 1,939,260.00 2.14%

4.25%
14,000.00 4.25%

NR/NR/NR
JOHN DEERE CPTL CORP A1/A+/A00.700% 011526DTD010721 FC071521 MEDTERM NTS 245,000 245,000.00 99.965
741.71

4.25%

4.25% -85.75
02/02/2026 0.90 244,914.25 0.27%

4.28%
MORGAN STANLEY BK UT US 10,412.50 4.28%RT 04.2500% MAT 02/02/26FIXED RATE CD /UT CD
1,200,000 1,200,000.00 95.676

53.33 0.80%

0.84% -51,888.00
02/26/2026 0.97 1,148,112.00 1.27%

5.32%
9,600.00 5.32%

NR/NR/NR
JPMORGAN CHASE & CO A1/AA-/A00.800% 022626DTD022621 FC082621 MEDTERM NTSIncludes 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: March 03, 2025 Page 23 of 36 Consolidated report prepared for City of Glendora
Bond Holdingsas of February 28, 2025 (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 99.557
433.62

3.80%

3.82% -1,085.35
03/11/2026 03/11/2025 0.98 243,914.65 0.27%

4.24%4.24%
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 96.421
8,350.00

0.90%

0.93% -61,440.00
03/11/2026 02/11/2026 1.01 1,928,420.00 2.13%

4.47%4.47%
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 96.456
386.63

0.80%

0.83% -8,682.80
03/18/2026 03/18/2025 1.03 236,317.20 0.26%

4.27%4.27%
100.00
BMO HARRIS BK NA IL US RT 1,960.0000.8000% MAT 03/18/26FIXED RATE CD /IL CD
245,000 245,000.00 100.833
271.18

5.05%

5.01% 2,040.85
03/20/2026 1.02 247,040.85 0.27%

4.24%
AFFINITY PLUS MN US RT 12,372.50 4.24%05.0500% MAT 03/20/26LICU SHARE CERTIFICATE/MN CD
245,000 245,000.00 100.781
268.49

5.00%

4.96% 1,913.45
03/20/2026 1.03 246,913.45 0.27%

4.24%
VALLEYSTAR CR UN M VA 12,250.00 4.24%US RT 05.0000% MAT03/20/26 LICU SHARECERTIFICATE /VA CD
245,000 245,000.00 100.795
906.16

5.00%

4.96% 1,947.75
03/23/2026 1.03 246,947.75 0.27%

4.23%
TECHNOLOGY CREDIT CA US 12,250.00 4.23%RT 05.0000% MAT 03/23/26CREDIT UNION SHARE CERT/CA CD
245,000 245,000.00 100.738
5,269.18

5.00%

4.96% 1,808.10
03/24/2026 1.01 246,808.10 0.27%

4.28%
CIBC BANK ILLINOIS IL US RT 12,250.00 4.28%05.0000% MAT 03/24/26FIXED RATE CD /IL CD
245,000 245,000.00 96.512
942.41

0.90%

0.93% -8,545.60
03/25/2026 1.04 236,454.40 0.26%

4.27%
STATE BANK OF INDI NY US 2,205.00 4.27%RT 00.9000% MAT 03/25/26FIXED RATE CD /NY CD
2,000,000 2,000,000.00 96.761
8,750.00

1.05%

1.09% -64,780.00
03/30/2026 N/A 1,935,220.00 2.13%
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 96.493

0.00 0.95%

0.98% -8,592.15
03/31/2026 02/28/2025 N/A 236,407.85 0.26%
N/AN/A
100.00
BANKUNITED NA FLOR FL US 2,327.50RT 00.9500% MAT 03/31/26FIXED RATE CD /FL CD
Includes all fixed-rate securities in the selected portfolio. Average yields and durations exclude Structured Product, Pass-Through, Perpetual Preferred, and Foreign securities.Accrued interest, if any, has been included in the total market value.Report created on: March 03, 2025 Page 24 of 36 Consolidated report prepared for City of Glendora
Bond Holdingsas of February 28, 2025 (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 96.359
172.17

0.95%

0.99% -8,920.45
04/16/2026 1.12 236,079.55 0.26%

4.26%
GREENSTATE CREDIT IA US 2,327.50 4.26%RT 00.9500% MAT 04/16/26FIXED RATE CD /IA CD
245,000 245,000.00 96.263
779.30

0.90%

0.93% -9,155.65
04/22/2026 1.12 235,844.35 0.26%

4.27%
TOYOTA FINL SVG BK NV US 2,205.00 4.27%RT 00.9000% MAT 04/22/26FIXED RATE CD /NV CD
2,000,000 2,000,000.00 97.618
2,861.11

0.50%

0.51% -47,640.00
05/15/2026 05/15/2025 N/A 1,952,360.00 2.15%
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 2,001,181.98 96.257
6,580.56

1.15%

1.19% -76,041.98
05/15/2026 04/15/2026 1.18 1,925,140.00 2.12%

4.35%4.35%
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 95.713

68.47 0.85%

0.89% -10,503.15
06/16/2026 06/16/2025 1.28 234,496.85 0.26%

4.26%4.26%
100.00
UBS BANK UT US RT 2,082.5000.8500% MAT 06/16/26FIXED RATE CD /UT CD
245,000 245,000.00 99.057
1,429.73

3.55%

3.58% -2,310.35
06/30/2026 02/28/2025 1.28 242,689.65 0.27%

4.28%4.28%
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 97.298
3,333.33

1.00%

1.03% -54,040.00
06/30/2026 03/30/2025 N/A 1,945,960.00 2.14%
N/AN/A
100.00
20,000.00

NR/NR/NR
FHLB BOND STEP-UP Aaa/NR/AA+1.0000% DUE 063026 DTD063021 FC 12302021 2,000,000 2,000,000.00 96.590
5,000.00

1.50%

1.55% -68,200.00
06/30/2026 N/A 1,931,800.00 2.13%
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 95.400
281.92

0.70%

0.73% -11,270.00
07/01/2026 1.31 233,730.00 0.26%

4.27%
NEW YORK CMNTY BK NY 1,715.00 4.27%US RT 00.7000% MAT07/01/26 FIXED RATE CD /NY CD
1,000,000 968,385.25 95.707
437.50

1.05%

1.10% -11,315.25
08/13/2026 03/13/2025 1.42 957,070.00 1.05%

4.11%4.11%
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 95.142
144.99

0.80%

0.84% -11,902.10
08/13/2026 1.44 233,097.90 0.26%

4.25%
LIVE OAK BKG CO NC US RT 1,960.00 4.25%00.8000% MAT 08/13/26FIXED RATE CD /NC 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: March 03, 2025 Page 25 of 36 Consolidated report prepared for City of Glendora
Bond Holdingsas of February 28, 2025 (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 95.786
127.78

1.15%

1.20% -84,280.00
08/26/2026 N/A 1,915,720.00 2.11%
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 94.553

58.33 1.05%

1.11% -108,940.00
08/27/2026 08/27/2025 1.45 1,891,060.00 2.08%

4.87%4.87%
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 95.193
7,833.33

0.94%

0.99% -96,140.00
09/28/2026 1.54 1,903,860.00 2.10%

4.11%
18,800.00 4.11%

NR/NR/NR
FFCB NTS 00.940 % DUE Aaa/AA+/AA+092826 DTD 092821 FC03282022 1,000,000 982,052.13 95.359
3,729.28

1.13%

1.18% -28,462.13
10/31/2026 1.62 953,590.00 1.05%

4.03%
11,250.00 4.03%

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 94.851
741.04

1.15%

1.21% -12,615.05
11/24/2026 1.69 232,384.95 0.26%

4.25%
CAPITAL ONE BK USA VA US 2,817.50 4.25%RT 01.1500% MAT 11/24/26FIXED RATE CD /VA CD
245,000 245,000.00 94.851
741.04

1.15%

1.21% -12,615.05
11/24/2026 1.69 232,384.95 0.26%

4.25%
CAPITAL ONE NA VA US RT 2,817.50 4.25%01.1500% MAT 11/24/26FIXED RATE CD /VA CD
Total 2026 27,365,000 1.21% 06/05/2026 $330,110.00

1.25%

4.40%4.40%

1.22$27,307,179.25
$-913,180.55
$26,393,998.70
$62,364.82

29.09%
Maturing 2027
Effective rating/
Underlying rating
(Mdy/Fitch/S&P) Quantity Coupon
Effective
maturity
Call date/
Call price ($)
Est. annual
income ($)/
Curr. yield (%)
YTM (%)/
YTW (%)
Modified
duration
Market
price ($)
Mkt. value ($)/
Accr. interest ($)
% of
bond
port.

Adjusted
cost basis ($)/
Unreal. g/l ($)
2,000,000 2,000,000.00 95.883
3,271.11

1.84%

1.92% -82,340.00
01/26/2027 1.85 1,917,660.00 2.11%

4.10%
36,800.00 4.10%

NR/NR/NR
FFCB BOND 01.840 % DUE Aaa/AA+/AA+012627 DTD 012622 FC07262022 2,000,000 2,000,000.00 95.651
1,780.00

1.78%

1.86% -86,980.00
02/10/2027 05/10/2025 1.88 1,913,020.00 2.11%

4.12%4.12%
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 95.192
308.10

1.70%

1.79% -11,779.60
02/18/2027 1.93 233,220.40 0.26%

4.25%
METRO CREDIT UNION MA 4,165.00 4.25%US RT 01.7000% MAT02/18/27 LICU SHARECERTIFICATE /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: March 03, 2025 Page 26 of 36 Consolidated report prepared for City of Glendora
Bond Holdingsas of February 28, 2025 (continued)Maturing 2027 Effective rating/
Underlying rating
(Mdy/Fitch/S&P) Quantity Coupon
Effective
maturity
Call date/
Call price ($)
Est. annual
income ($)/
Curr. yield (%)
YTM (%)/
YTW (%)
Modified
duration
Market
price ($)
Mkt. value ($)/
Accr. interest ($)
% of
bond
port.

Adjusted
cost basis ($)/
Unreal. g/l ($)
245,000 245,000.00 95.205
114.11

1.70%

1.79% -11,747.75
02/18/2027 1.93 233,252.25 0.26%

4.24%
PENTAGON FED CREDI VA US 4,165.00 4.24%RT 01.7000% MAT 02/18/27CREDIT UNION SHARE CERT/VA CD
3,215,000 3,075,098.40 96.079
538.51

2.01%

2.09% 13,841.45
02/25/2027 05/25/2025 1.92 3,088,939.85 3.40%

4.08%4.08%
100.00
64,621.50

NR/NR/NR
FHLB BOND 02.010 % DUE Aaa/NR/AA+022527 DTD 022522 FC08252022 245,000 245,454.79 95.712
2,403.01

2.00%

2.09% -10,960.39
03/02/2027 1.91 234,494.40 0.26%

4.25%
EAGLEMARK SVGS BK NV US 4,900.00 4.25%RT 02.0000% MAT 03/02/27FIXED RATE CD /NV CD
245,000 245,000.00 97.755
2,062.03

3.20%

3.27% -5,500.25
05/24/2027 2.11 239,499.75 0.26%

4.26%
DISCOVER BANK DE US RT 7,840.00 4.26%03.2000% MAT 05/24/27FIXED RATE CD /DE CD
245,000 245,000.00 100.988
410.12

4.70%

4.65% 2,420.60
06/15/2027 2.17 247,420.60 0.27%

4.25%
ESSENTIAL FED CRED LA US 11,515.00 4.25%RT 04.7000% MAT 06/15/27LICU SHARE CERTIFICATE /LA CD
245,000 245,000.00 97.819
283.60

3.25%

3.32% -5,343.45
06/15/2027 2.20 239,656.55 0.26%

4.25%
LAFAYETTE FED CRED MD US 7,962.50 4.25%RT 03.2500% MAT 06/15/27LICU SHARE CERTIFICATE/MD CD
245,000 245,000.00 99.581
165.12

4.10%

4.12% -1,026.55
11/22/2027 2.58 243,973.45 0.27%

4.26%
WORKERS CREDIT UNI MA 10,045.00 4.26%US RT 04.1000% MAT11/22/27 LICU SHARECERTIFICATE /MA CD
Total 2027 8,930,000 2.11% 03/03/2027 $187,614.00

2.18%

4.13%4.13%

1.93 $8,790,553.19
$-199,415.94
$8,591,137.25
$11,335.71

9.47%
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: March 03, 2025 Page 27 of 36 Consolidated report prepared for City of Glendora
Bond Holdingsas of February 28, 2025 (continued)Maturing 2028 Effective rating/
Underlying rating
(Mdy/Fitch/S&P) Quantity Coupon
Effective
maturity
Call date/
Call price ($)
Est. annual
income ($)/
Curr. yield (%)
YTM (%)/
YTW (%)
Modified
duration
Market
price ($)
Mkt. value ($)/
Accr. interest ($)
% of
bond
port.

Adjusted
cost basis ($)/
Unreal. g/l ($)
245,000 245,000.00 100.537
839.04

5.00%

4.97% 1,315.65
04/03/2028 04/03/2026 1.06 246,315.65 0.27%

4.50%4.81%
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 98.090
16,308.33

3.80%

3.87% -23,645.25
05/15/2028 02/15/2028 2.96 1,471,350.00 1.62%

4.44%4.44%
100.00
57,000.00

NR/NR/NR
AMEREN ILL CO NTS B/E A1/WD/A03.800% 051528DTD052218 FC111518CALL@MW+15BP 245,000 245,000.00 100.315
498.05

5.30%

5.28% 771.75
07/14/2028 07/14/2025 0.37 245,771.75 0.27%

4.45%5.20%
100.00
CY-FAIR FED CREDIT TX US 12,985.00RT 05.3000% MAT 07/14/28FIXED RATE CD /TX CD
245,000 245,000.00 102.302
369.18

5.00%

4.89% 5,639.90
07/17/2028 3.11 250,639.90 0.28%

4.27%
NEW ORLEANS FIREME LA US 12,250.00 4.27%RT 05.0000% MAT 07/17/28FIXED RATE CD /LA CD
219,000 219,000.00 99.388
2,975.40

4.35%

4.38% -1,340.28
11/06/2028 11/06/2025 3.33 217,659.72 0.24%

4.53%4.53%
100.00
FIRST GTY BK HAMMO LA US 9,526.50RT 04.3500% MAT 11/06/28FIXED RATE CD /LA CD
Total 2028 2,454,000 4.25% 06/08/2028 $104,011.50

4.28%

4.55%4.44%

2.55 $2,448,995.25
$-17,258.23
$2,431,737.02
$20,990.01

2.68%
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 ($)/
Unreal. g/l ($)
500,000 494,790.25 99.900

0.00 4.65%

4.66% 4,709.75
02/01/2029 02/01/2028 N/A 499,500.00 0.55%
N/AN/A
100.00
23,265.00

NR/NR/NR
US BANCORP NTS B/E A3/A/A04.653% 020129DTD020123 FC080123 245,000 244,987.75 99.406
605.45

4.10%

4.12% -1,443.05
02/06/2029 3.62 243,544.70 0.27%

4.26%
WELLS FARGO BK NA SD US 10,045.00 4.26%RT 04.1000% MAT 02/06/29FIXED RATE CD /SD CD
245,000 244,755.00 100.088
684.66

5.10%

5.10% 460.60
03/08/2029 03/08/2025 0.02 245,215.60 0.27%

1.08%5.08%
100.00
EATON CMNTY BK MI US RT 12,495.0005.1000% MAT 03/08/29FIXED RATE CD /MI CD
1,000,000 984,595.25 97.940
11,444.44

4.00%

4.08% -5,195.25
05/15/2029 03/15/2029 3.79 979,400.00 1.08%

4.54%4.54%
100.00
40,000.00

NR/NR/NR
UNITED HEALTH GROUP INC A2/A/A+04.000% 051529DTD052022 FC111522CALL@MW+20BPIncludes 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: March 03, 2025 Page 28 of 36 Consolidated report prepared for City of Glendora
Bond Holdingsas of February 28, 2025 (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 ($)/
Unreal. g/l ($)
470,000 442,604.25 94.976
4,073.33

3.25%

3.42% 3,782.95
05/22/2029 02/22/2029 3.86 446,387.20 0.49%

4.57%4.57%
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 95.583
7,097.22

3.50%

3.66% -15,585.25
06/15/2029 03/15/2029 3.90 955,830.00 1.05%

4.64%4.64%
100.00
35,000.00

NR/NR/NR
PACIFICORP B/E 03.500% A2/NR/A061529 DTD030119FC061519 CALL@MW+15BP 1,000,000 0.00 100.344
8,697.22

5.05%

5.03% 1,003,440.00
06/26/2029 12/26/2025 0.80 1,003,440.00 1.11%

4.61%4.96%
100.00
50,500.00

NR/NR/NR
FNMA NTS 05.050 % DUE Aaa/AA+/AA+062629 DTD 062824 FC12262024 245,000 245,000.00 100.030

30.88 4.60%

4.60% 73.50
08/27/2029 03/27/2025 0.07 245,073.50 0.27%

4.19%4.59%
100.00
STAR FINL BK IN US RT 11,270.0004.6000% MAT 08/27/29FIXED RATE CD /IN CD
245,000 240,222.50 97.233
3,769.64

3.60%

3.70% -2,001.65
09/25/2029 4.10 238,220.85 0.26%

4.27%
AMER EXPRESS NATL UT US 8,820.00 4.27%RT 03.6000% MAT 09/25/29FIXED RATE CD /UT CD
1,500,000 1,498,850.25 99.848
28,297.50

4.62%

4.63% -1,130.25
10/01/2029 04/01/2025 4.02 1,497,720.00 1.65%

4.66%4.66%
100.00
69,300.00

NR/NR/NR
FFCB BOND 04.620 % DUE Aaa/AA+/AA+100129 DTD 100124 FC04012025 1,000,000 977,635.25 98.267
16,200.00

4.05%

4.12% 5,034.75
10/04/2029 09/04/2029 4.08 982,670.00 1.08%

4.47%4.47%
100.00
40,500.00

NR/NR/NR
ACCENTURE CAPITAL INC Aa3/A+/AA04.050% 100429DTD100424 FC040425CALL@MW+10BP 1,000,000 997,555.25 99.956
17,086.81

4.63%

4.63% 2,004.75
10/15/2029 04/15/2025 4.06 999,560.00 1.10%

4.63%4.63%
100.00
46,250.00

NR/NR/NR
FHLB NTS 04.625 % DUE Aaa/NR/AA+101529 DTD 101524 FC04152025 500,000 492,571.66 99.824
6,629.83

4.00%

4.01% 6,548.34
10/31/2029 4.17 499,120.00 0.55%

4.04%
20,000.00 4.04%

NR/NR/NR
US TSY NOTE 04.000 % DUE Aaa/AA+/AA+10/31/29 DTD 10/31/22 FC04/30/23 1,000,000 983,770.88 100.379
13,674.03

4.13%

4.11% 20,019.12
10/31/2029 4.15 1,003,790.00 1.11%

4.03%
41,250.00 4.03%

NR/NR/NR
US TSY NOTE 04.125 % DUE Aaa/AA+/AA+10/31/29 DTD 10/31/24 FC04/30/25 245,000 244,510.00 99.051
2,691.31

4.05%

4.09% -1,835.05
11/21/2029 4.21 242,674.95 0.27%

4.27%
SALLIE MAE BANK UT US RT 9,922.50 4.27%04.0500% MAT 11/21/29FIXED 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: March 03, 2025 Page 29 of 36 Consolidated report prepared for City of Glendora
Bond Holdingsas of February 28, 2025 (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 ($)/
Unreal. g/l ($)
500,000 499,490.25 100.943
6,176.75

4.78%

4.74% 5,224.75
11/23/2029 4.15 504,715.00 0.56%

4.56%
23,910.00 4.56%

NR/NR/NR
ST STREET BK & TR CO NTS Aa2/AA/AA04.782% 112329DTD112524 FC052325 B/E 245,000 245,000.00 99.260
2,586.93

4.10%

4.13% -1,813.00
11/26/2029 4.22 243,187.00 0.27%

4.27%
STATE BK IL US RT 04.1000% 10,045.00 4.27%MAT 11/26/29 FIXED RATECD /IL CD
1,500,000 1,490,677.13 99.301
14,371.57

3.88%

3.90% -1,162.13
11/30/2029 4.26 1,489,515.00 1.64%

4.04%
58,125.00 4.04%

NR/NR/NR
US TSY NOTE 03.875 % DUE Aaa/AA+/NR11/30/29 DTD 11/30/22 FC05/31/23 1,017,000 994,218.09 99.273
6,422.97

3.88%

3.90% 15,388.32
12/31/2029 4.34 1,009,606.41 1.11%

4.04%
39,408.75 4.04%

NR/NR/NR
US TSY NOTE 03.875 % DUE Aaa/AA+/AA+12/31/29 DTD 12/31/22 FC06/30/23 Total 2029 13,457,000 4.21% 09/06/2029 $565,381.25

4.24%

4.43%4.32%

3.67$12,292,649.01
$1,036,521.20
$13,329,170.21
$150,540.55

14.69%
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 ($)

4.29%4.26%
08/16/2026 N/A 1.29$91,303,494.37 N/A $90,730,411.15
$-573,083.22
92,648,000

1.82% $358,604.14 Total Bond Portfolio 1.80% $1,653,669.75 100% $91,089,015.29
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: March 03, 2025 Page 30 of 36 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: March 03, 2025 Page 31 of 36
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: March 03, 2025 Page 32 of 36
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: March 03, 2025 Page 33 of 36
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: March 03, 2025 Page 34 of 36
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, for Schedule K-1 reported investments, such as alternative investmentfunds, please refer to your annual K-1 and 1099 tax forms. If this report contains positions with unavailable costbasis, the gain/(loss) for these positions are excluded in the calculation for the Gain/(Loss). As a result thesefigures may not be accurate and are provided for informational purposes only. Clients should not rely on thisinformation in making purchase or sell decisions, for tax purposes or otherwise. Rely only on year-end tax formswhen preparing your tax 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 be achieved. All investments involve the risk of loss, including the risk of loss of the entire investment.For more information about account or group names, 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. 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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.

Report created on: March 03, 2025 Page 35 of 36
Disclosures Applicable to Accounts at UBS Financial Services Inc. (continued) com/relationshipsummary. UBS Financial Services account protectionThe Firm is a member of the Securities Investor Protection Corporation (SIPC), which protects securitiescustomers of its members up to $500,000 (including $250,000 for claims for cash). Explanatory brochureavailable upon request or at www.sipc.org. The SIPC asset protection limits apply to all accounts that you hold ina particular capacity.The Firm, together with certain affiliates, has also purchased supplemental insurance. The maximum amountpayable to all eligible clients, collectively under this protection is $500 million as of December 10, 2019. Subjectto the policy conditions and limitations, cash at the Firm is further protected for up to $1.9 million in theaggregate for all your accounts held in a particular capacity. A full copy of the policy wording is available uponrequest.Neither the SIPC protection nor the supplemental protection apply to:
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Report created on: March 03, 2025 Page 36 of 36

STAFF REPORT
TO: Mayor and Council Members DATE: March 25, 2025
FROM: Public Works DISTRICT(S): 2
4 SUBJECT: Notice of Completion for Bennett Ave., Washington Ave., Westridge Ave. and Bender Ave.

Water and Street Improvements Project, Plan Nos. 1338 and 1339

RECOMMENDATION
That the City Council:

1. Accept the completion of Bennett Ave., Washington Ave., Westridge Ave., and Bender Ave. Water and Street Improvements Project, Plan Numbers 1338 & 1339 by Gentry Brothers, Inc.;

2. Approve the final contract amount of $4,330,143.79;

3. Authorize the Mayor or his designee to sign & file the Notice of Completion with the County of Los Angeles RegistrarRecorder;

4. Authorize the City Manager to release the project retention in the amount of $216,507.19 to Gentry Brothers, Inc. 35 days following recordation of the Notice of Completion;

5. Authorize the release of the Payment Bond in the amount of $4,262,887.50, six months after recordation of the Notice of Completion, if no claims have been received; and

6. Authorize the release of the Performance Bond one-year following 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
The Bennett Ave., Washington Ave., Westridge Ave., and Bender Ave. Water and Street Improvements Project, Plan Numbers 1338 & 1339 was awarded for construction by the City Council on February 14, 2023. The project included the installation of 7,071 linear feet of new water mains and abandonment of the existing mains, cold milling asphalt pavement, overlaying with ARHM, removing damaged sidewalk, curb, gutter, landscaping, construction of ADA curb ramps and PCC sidewalks, and various other related improvements.

The Project was funded by the City Capital Improvement Project (Water Fund 502), and the Road Maintenance and Rehabilitation Act (RMRA Fund 256) with an approved budget of $5,036,230.00.

The original construction contract for $4,431,996.50 was awarded to Gentry Brothers, Inc, by the City Council on February 14, 2023. The Notice to proceed was issued on May 9, 2023, with an original contract length of 120 working days. The project took longer than expected due to long lead times, unforeseen site conditions and unexpected delays by the contractor. The project was declared substantially complete with no final punch list requirements as of December 17, 2024. The final construction costs for the project are $4,330,143.79.

Staff recommends that City Council accepts the Bennett Ave., Washington Ave., Westridge Ave., and Bender Ave. Water and Street Improvements Project, Plan Numbers 1338 & 1339 by Gentry Brothers, Inc., and authorizes the Mayor to sign the Notice of Completion for recordation.

LEGISLATIVE HISTORY / PREVIOUS ACTIONS
The City Council awarded the design services to Onward Engineering on December 14, 2021, for $134,500.00. The construction contract was awarded by the City Council to Gentry Brother, Inc. on February 14, 2023, for $4,431,996.50. The Construction Inspection and Management contract was awarded by the City Council to TKE Engineering, Inc. on June 13, 2023, for $172,266.00.

DISCUSSION
The project involved a variety of water and street/right-of-way (ROW) improvements. For water infrastructure, it replaced approximately 7,100 linear feet of existing 6” water main with new 8” lines, as well as fire hydrants and water meters, and installed new customer service laterals. Existing water mains in the area were installed from 1952 to 1967, and leak incidents have required frequent repairs and interrupted water supply to the neighborhood multiple times since 2015.

PROJECT LOCATION
Along with water infrastructure improvements, ROW improvements included grinding existing pavement and overlaying it with new rubberized asphalt, reconstructed curbs, gutters, and cross gutters, constructed new curb ramps, and added bike lanes on Bennett Avenue from Barranca Avenue to Pennsylvania Avenue. ROW improvements also included construction of new 5- foot-wide sidewalk on the south side of Bennett Avenue to complete the south sidewalk from Grand Avenue to Barranca Avenue. This was the only portion along Bennett Avenue that does not have a sidewalk. This helps providing a safe walking path for students of La Fetra Elementary and Sandburg Secondary Schools, as well as other residents in the neighborhood, and complements the new bike lanes.

The original construction contract was awarded to Gentry Brothers. Inc. by the City Council on February 14, 2023, for $4,431,996.50. The Project completion took longer than estimated because of long material lead time, unforeseen site conditions, added scope of work and delays by the contractor.

The project was declared substantially complete as of December 17, 2024, and staff recommends that the City Council accept the 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 the Los Angeles County Recorder Office.

FISCAL IMPACT
The design services contract was awarded by the City Council in the amount of $134,500.00. The construction contract was awarded by the City Council in the amount of $4,431,996.50. The Construction Inspection and Management contract was awarded for $172,266.00. The total cost of the project was $4,983,088. Project was completed $287,816.75 under budget.

There is no fiscal impact to accepting, approving, and signing the Notice.

Project Component Budget
Water CIP Fund 502 $2,956,230.00
RMRA Fund 256 $2,080,000.00
Total $5,036,230.00
Items Costs
Notice of Bid Publication $385.00
Notice of Exemption $75.00
Design Plans by Onward Engineering $134,561.00
Meter and meter boxes $21,282.46
Construction Management by TKE
Engineering
$225,368.00
Trench and Pavement Testing by
Converse Consultants
$24,490.00
Traffic Study by General Technologies
and Solutions
$7,500.00
Arborist Services $2,900.00
Los Angeles County Flood Control
Permit
$1,708.00
Construction by Gentry Brothers, Inc. $4,431,996.50
Contract Change Order (5.17% of
Original Contract Amt)
$229,091.00
Material Adjustments ($330,943.71)
Total Project Cost $4,748,413.25
Remaining Budget $287,816.75

ENVIRONMENTAL DETERMINATION
Notice of Categorical Exemption was adopted by the City Council on February 14, 2023.

Prepared By Maliha Fatima Ansari, Principal Civil Engineer 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 1338 & 1339
Attachments
A. Notice of Completion 1338 & 1339.pdf
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: (i.e., In Fee.) Fee Interest.

5. A work of improvement on the property hereinafter described was COMPLETED on December 17, 2024

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

Bennett Ave., Washington Ave., Westridge Ave., and Bender Ave. Water and Street Improvements, Plan Nos 1338 & 1339

7. The name of the original contractor, if any, for such work of improvement is: Gentry Brothers, Inc

8. The street address of said property is: Bennett Avenue between Barranca Avenue and Pennsylvania Avenue; Washington Avenue between Bennett Avenue to the north cul-de-sac, Westridge Avenue between Bennett Avenue to the north cul-de-sac, and Bender Avenue between Bennett Avenue to the north cul-de-sac.

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:

The scope of this project consisted of installation of 7,071 linear feet of new 8-inch new water main, abandonment of the existing mains, replacement of the existing fire hydrant and customer service laterals. This scope of project also included installation of bike lanes along Bennett Avenue, cold milling asphalt pavement, overlaying with ARHM, installing new sidewalk, removing and replacing damaged sidewalk, curb, gutter, landscaping, ADA curb ramps upgrades, and constructing various other related improvements.

CITY OF GLENDORA
Date: March 25, 2025
Signature of Owner or agent: DAVID FREDENDALL, 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.

March 25, 2025 at Glendora, California

DAVID FREDENDALL

STAFF REPORT
TO: Mayor and Council Members DATE: March 25, 2025
FROM: Public Works DISTRICT(S): 5
SUBJECT: Notice of Completion for Cumberland Rd., Palomar Dr., Lone Hill Ave., Amelia Ave., Country Club Dr. and Country Club Vista St. Water and Street Improvements Project, Plan Nos. 1341-1345

RECOMMENDATION
That the City Council:

1. Accept the completion of Cumberland Rd., Palomar Dr., Lone Hill Ave., Amelia Ave., Country Club Dr. and Country Club Vista St. Water and Street Improvements Project, Plan Numbers 1341-1345 by Gentry Brothers, Inc.;

2. Approve the final contract amount of $2,725,609.80;

3. Authorize the City Manager or his designee to sign & file the Notice of Completion with the County of Los Angeles Registrar-Recorder;

4. Authorize the Mayor to release project retention in the amount of $136,280.49 to Gentry Brothers, Inc. 35 days following recordation of the Notice of Completion;

5. Authorize the Release of the Payment Bond in the amount of $3,047,880, six months after recordation of the Notice of Completion, if no claims have been received; and

6. Authorize the release of the Performance Bond one year following 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
The Cumberland Rd., Palomar Dr., Lone Hill Ave., Amelia Ave., Country Club Dr. and Country Club Vista St. Water and Street Improvements Project, Plan Nos. 1341 - 1345 was awarded for construction by the City Council on March 14, 2023. The project included the installation of 3,570 linear feet of new water mains and abandonment of the existing mains, cold milling asphalt pavement, overlaying with ARHM, removing damaged sidewalk, curb, gutter, construction of ADA curb ramps and PCC sidewalks, and various other related improvements.

The Project was funded by Water Capital Improvement Fund (F502) and the Measure M Fund (F234) with an approved budget of $3,836,9085.

The original construction contract for $3,095,880.00 was awarded to Gentry Brothers, Inc., by the City Council on March 14, 2023. The Notice to proceed was issued on August 21, 2023, with an original contract length of 100 working days. The project took longer than expected due to long lead times, unforeseen site conditions and unexpected delays by the contractor. The project was declared substantially complete with no final punch list requirements as of December 17, 2024. The final construction costs for the project are $2,725,609.80.

Staff recommends that City Council accept the Cumberland Rd., Palomar Dr., Lone Hill Ave., Amelia Ave., Country Club Dr. and Country Club Vista St. Water and Street Improvements Project, Plan Nos. 1341-1345 by Gentry Brothers, Inc., and authorize the Mayor to sign the Notice of Completion for recordation.

LEGISLATIVE HISTORY / PREVIOUS ACTIONS
The City Council awarded the design services to Willdan Engineering on January 25, 2022, for $196,047. The construction contract was awarded by the City Council to Gentry Brother, Inc. on March 14, 2023, for $3,095,880. The Construction Inspection and Management contract was awarded under On-Call Consultant Services Agreement to TKE Engineering, Inc. on May 17, 2023, for $149,733.

DISCUSSION
The project involved a variety of water and street/right-of-way (ROW) improvements. For water infrastructure, it replaced approximately 3,570 linear feet of existing 6” water main with new 12” and 8” lines, as well as fire hydrants and water meters, and installed new customer service laterals. Existing water mains in the area were installed from 1956 to 1965, and leak incidents have required frequent repairs and interrupted water supply to the neighborhood multiple times 2014.

PROJECT LOCATION
Along with water infrastructure improvements, ROW improvements included grinding existing pavement and overlaying it with new rubberized asphalt, reconstructed curbs, gutters, and cross gutters, constructed new curb ramps. ROW improvements also included construction of new 5-foot-wide sidewalk on the east side of Amelia Avenue to complete the east sidewalk from Country Club Drive to Route 66.

Following are some of the pictures showing work during construction and after construction.

The original construction contract was awarded to Gentry Brothers. Inc. by the City Council on March 14, 2023, for $3,095,880. The Project completion took longer than estimated because of long material lead time, unforeseen site conditions, added scope of work and delays by the contractor.

The project was declared substantially complete as of December 17, 2024, and staff recommends that the City Council accept the 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 the Los Angeles County Recorder’s Office.

FISCAL IMPACT
The design services contract was awarded by the City Council in the amount of $196,047. The construction contract was awarded by the City Council in the amount of $3,095,880. The Construction Inspection and Management contract was awarded for $179,733. The total cost of the project was $3,402,091. Project was completed $238,918.50 under budget.

There is no fiscal impact to accepting, approving, and signing the Notice.

Project Component Budget
Water CIP Fund 502 $2,470,644.00
Measure M Fund 234 $931,956.00
Total $3,402,600.00
Items Costs
Notice of Bid Publication $385.00
Notice of Exemption $75.00
Design Plans by Willdan Engineering $196,047.00
Meter and meter boxes $25,328.00
Construction Management by TKE Engineering $196,047.00
Trench and Pavement Testing by Converse Consultants $20,190.00 Construction by Gentry Brothers, Inc. $3,095,880.00
Contract Change Order (3.14% of Original Contract Amt) $97,214.90 Material Adjustments ($467,485.40)
Total Project Cost $3,163,681.50
Remaining Budget $238,918.50

ENVIRONMENTAL DETERMINATION
Notice of Categorical Exemption was adopted by the City Council on March 14, 2023.

Prepared By Maliha Fatima Ansari, Principal Civil Engineer 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 1341-1345
Attachments
A. Notice of Completion 1341 - 1345.pdf
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: (i.e., In Fee.) Fee Interest.

5. A work of improvement on the property hereinafter described was COMPLETED on December 17, 2024

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

Cumberland Rd, Palomar Dr, Lone Hill Ave, Amelia Ave, Country Club Dr and Country Club Vista St Water and Street Improvement Project City Project No. 1341 - 1345

7. The name of the original contractor, if any, for such work of improvement is: Gentry Brothers, Inc

8. The street address of said property is: Cumberland Road between Lone Hill Avenue and east cul-de-sac, Palomar Drive between Lone Hill Avenue and east cul-de-sac, Lone Hill Avenue between Foothill Blvd. and north cul-de-sac, Amelia Avenue between Route 66 and Country Club Drive, Country Club Drive between Amelia Avenue and 950’ east of Wildwood Ranch Road, Wildwood Ranch Road between Country Club Drive to Water Reservoir and Country Club Vista Street between Country Club Drive and north cul-de-sac.

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:

The scope of this project consisted of installation of 3,570 linear feet of new 12-inch and 8-inch new water main, abandonment of the existing mains, replacement of the existing fire hydrant and customer service laterals. cold milling asphalt pavement, overlaying with ARHM, installing new sidewalk, removing and replacing damaged sidewalk, curb, gutter, landscaping, ADA curb ramps upgrades, and constructing various other related improvements.

CITY OF GLENDORA
Date: March 25, 2025
Signature of Owner or agent: DAVID FREDENDALL, 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.

March 25, 2025 at Glendora, California

DAVID FREDENDALL

STAFF REPORT
TO: Mayor and Council Members DATE: March 25, 2025
FROM: Finance DISTRICT(S): Citywide
SUBJECT: Approve Amendment No. 3 to Contract with HDL Software LLC for Business License and Transient Occupancy Tax Administration Services

RECOMMENDATION
That the City Council:

1. Approve Amendment No. 3 to Contract with HDL Software LLC for Business License and Transient Occupancy Tax Administration Services for a one-year extension with authorization for the City Manager to extend the term.

STRATEGIC FOCUS AREAS
Goal 4: Enhance and Modernize the Organization (EMO)

EXECUTIVE SUMMARY
Since 2017, HDL Software LLC has provided Business License and Transient Occupancy Tax Administration Services (TOT).

Throughout the duration of the contract, HDL has performed the services outlined in the agreement, alleviating the City on in house staffing, and providing additional assistance.

LEGISLATIVE HISTORY / PREVIOUS ACTIONS
On February 28, 2017, the City Council approved a three-year contract, with two one-year extensions with HDL Software LLC (HDL) for Business License and TOT Administration Services (TOT). On December 8, 2020, the City Council approved the extension and Amendment 1 of the contract, which extended the agreement through the expiration date stated in the original contract. On June 14
th
, 2022, the City Council approved the extension and Amendment 2 of the contract, which extended the agreement through the expiration date state in amendment 1.

DISCUSSION
Since 2017, HdL Software LLC has provided Business License and Transient Occupancy Tax (TOT) Administration Services for the City. Over the course of the contract, HdL has effectively managed Business Tax and TOT operations, ensured local tax compliance, and provided consulting services. The partnership has streamlined business registration, renewal, and payment processes through accessible online and phone support. Additionally, HdL has assisted with regulatory compliance, including Senate Bills 1186 and 205, the shopping cart enforcement program, and short-term rental (STR) management.

Outsourcing these services has been especially beneficial, providing consistent operations despite City staffing changes. The Finance Division has an Accounting Technician serving as a business license liaison, strengthening communication and oversight between the City and HdL.

This Third Amendment aims to continue to refine administrative processes, enhance customer service, and clarify business license procedures while maintaining compliance with the Municipal Code.

FISCAL IMPACT
Amendment No. 3 does not include any change in fee structure from the original agreement and allows the City to continue to manage Business License and TOT program management in the most efficient manner. It ensures Business License and TOT services will continue effectively. Revenues and expenditures for the contract are already included in the FY2024-25 Adopted Mid-Cycle Budget.

ENVIRONMENTAL DETERMINATION
Not Applicable
Prepared By George Perez-Sosa, Accounting Technician
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. Contract Amendment No. 3
B. Contract Amendment No. 2
C. Contract Amendment No. 1
D. Original Contract
Attachments
A. Contract Amendment No. 3.pdf
B. Contract Amendment No. 2.pdf
C. Contract Amendment No. 1.pdf
D. Original Contract.pdf
AMENDMENT NO. 3

TO AGREEMENT FOR SERVICES
THIS AMENDMENT NO. 3 TO AGREEMENT FOR SERVICES (“Amendment”) is made by and between the CITY OF GLENDORA (“City”) and HDL SOFTWARE, LLC, a California limited liability company (“Consultant”) effective as of the _____ day of __________, 2025.

RECITALS
A. City and Consultant entered into that certain AGREEMENT FOR SERVICES dated February 28th, 2017 (“Agreement”) whereby Consultant agreed to provide Business License and Transient Occupancy Tax Administration Services.

B. City and Consultant entered into that certain First Amendment to the Agreement dated December 8
th, 2020 (“First Amendment”) whereby Consultant agreed to provide Business License and Transient Occupancy Tax and Administration Services.

C. City and Consultant entered into that certain Second Amendment to the Agreement dated June 14th, 2022 (“Second Amendment”) whereby Consultant agreed to provide Business License ad Transient Occupancy Tax and Administration Services.

D. City and Consultant now desire to amend the Agreement, as amended, for ongoing contract services for Business License and Transient Occupancy Tax and Administration Services.

E. Pursuant to the City of Glendora Municipal Code, City has the authority to enter into and execute this Amendment.

TERMS

1. Contract Changes. The Agreement is amended as provided herein. Deleted text is indicated in strikethrough and added text in bold italics. a. Article 9 – Termination of Agreement
“This Agreement will commence on March 1, 2017 and shall terminate on March 31, 2020 March 31, 2025 March 31st, 2026 (the “Term”)with two, one-year extension options. The City Manager may, at his/her sole discretion, extend the Term for one or more additional year long periods, provided that the compensation due to Consultant shall not exceed the applicable change in the Consumer Price Index – West Urban (CPI-WU) as reported by the Bureau of Labor Statistics.

This Agreement may be terminated with or without cause by either party upon thirty (30) days written notice. In the event of such termination, Consultant shall be compensated for non-disputed fees under the terms of this Agreement up to the date of termination.”

2. Continuing Effect of Agreement. Except as amended by this Amendment, the provisions of the Agreement shall remain unchanged and in full force and effect. From and after the date of this Amendment, whenever the term “Agreement” appears in the Agreement, it shall mean the Agreement, as amended by this Amendment to the Agreement.

Docusign Envelope ID: 9BF23D05-1014-4993-8E37-23E04A0E5A33 Agreement No. 3 – HdL Software LLC (STR) 03.25.2025 2

3. Affirmation of Agreement; Warranty Re Absence of Defaults. City and Consultant each ratify and reaffirm each and every one of the respective rights and obligations arising under the Agreement. Each party represents and warrants to the other that there have been no written or oral modifications to the Agreement other than as provided herein. Each party represents and warrants to the other that the Agreement is currently an effective, valid, and binding obligation.

Consultant represents and warrants to City that, as of the date of this Amendment City is not in default of any material term of the Agreement and that there have been no events that, with the passing of time or the giving of notice, or both, would constitute a material default under the Agreement.

City represents and warrants to Consultant that, as of the date of this Amendment, Consultant is not in default of any material term of the Agreement and that there have been no events that, with the passing of time or the giving of notice, or both, would constitute a material default under the Agreement.

4. Adequate Consideration. The parties hereto irrevocably stipulate and agree that they have each received adequate and independent consideration for the performance of the obligations they have undertaken pursuant to this Amendment.

5. Authority. The persons executing this Amendment on behalf of the parties hereto warrant that (i) such party is duly organized and existing, (ii) they are duly authorized to execute and deliver this Amendment on behalf of said party, (iii) by so executing this Amendment, such party is formally bound to the provisions of this Amendment, and (iv) the entering into this Amendment does not violate any provision of any other agreement to which said party is bound.

6. Counterparts. This Amendment may be executed in counterparts, each of which shall be deemed to be an original, and such counterparts shall constitute one and the same instrument. Each of the parties intend to be bound by the signatures on any telecopied, .pdf or other electronically delivered document, and are aware that the other party will rely on the telecopied, .pdf or other electronically delivered signatures, and hereby waive any defenses to the enforcement of the terms of this Amendment based on the form of signature. [SIGNATURES APPEAR ON THE FOLLOWING PAGE]
Docusign Envelope ID: 9BF23D05-1014-4993-8E37-23E04A0E5A33 Agreement No. 3 – HdL Software LLC (STR) 03.25.2025 3
IN WITNESS WHEREOF, the parties hereto have executed this Amendment on the date and year first-above written.

CITY:

City of Glendora, a municipal corporation
Adam Raymond
City Manager
APPROVED AS TO FORM: CERTIFY AVAILABILITY OF FUNDS:

ALESHIRE & WYNDER, LLP
Danny Aleshire
City Attorney
Kyle Johnson
Finance Director/City Treasurer
ATTEST:

Kathleen R. Sessman
City Clerk/Communications Director
CONSULTANT:

HDL Software, LLC, a California limited liability
company
Name: Joshua Davis
Title: VP of TFA
Email Address: [email protected]
Name: Richard Park
Title: Chief Financial Officer
Email Address: [email protected]
Address: 120 S. State College Blvd.

Suite 200
Brea, CA 92821
Docusign Envelope ID: 9BF23D05-1014-4993-8E37-23E04A0E5A33 Mar 18, 2025 | 4:34 PM PDT
Mar 19, 2025 | 1:51 PM PDT
01240.0001/535314.1

CITY OF GLENDORA

SECOND AMENDMENT TO AGREEMENT FOR BUSINESS LICENSE AND

TRANSIENT OCCUPANCY TAX AND ADMINISTRATION SERVICES

THIS AMENDMENT TO THE AGREEMENT FOR BUSINESS LICENSE AND TRANSIENT OCCUPANCY TAX (“Second Amendment”) by and between the CITY OF GLENDORA and HDL SOFTWARE LLC, a Contractor, is effective as of the 14th day of June, 2022.

RECITALS
A. City and Contractor entered into that certain “AGREEMENT FOR BUSINESS LICENSE AND TRANSIENT OCCUPANCY TAX,” dated February 28, 2017 (“Agreement”) whereby Contractor agreed to provide Business License and Transient Occupancy Tax and Administration Services.

B. City and Contractor entered into that certain First Amendment to the Agreement dated December 8, 2020 (“First Amendment”) whereby Contractor agreed to provide Business License and Transient Occupancy Tax and Administration Services.

C. City and Contractor now desire to amend the Agreement, as amended, for ongoing contract services for Business License and Transient Occupancy Tax and Administration Services.

D. Pursuant to the City of Glendora Municipal Code, City had the authority to enter into and execute this Agreement.

TERMS

1. Contract Changes. The Agreement is amended as provided herein. Deleted text is indicated in strikethrough and added text in bold italics. a. Article 9 – Termination of Agreement
“This Agreement will commence on March 1, 2017 and shall terminate on March 31, 2020 March 31, 2025, unless otherwise extended by written agreement of the parties with two, one-year extension options. This Agreement may be terminated with or without cause by either party upon thirty (30) days written notice. In the event of such termination, Consultant shall be compensated for non-disputed fees under the terms of this Agreement up to the date of termination. b. [Unless earlier terminated in accordance with paragraph 9 of the original Agreement, this Agreement shall continue in full force and effect until completion of the services.]

2. Continuing Effect of Agreement. Except as amended by this Second Amendment, the provisions of the Agreement shall remain unchanged and in full force and effect. From and after the date of this Second Amendment, whenever the term “Agreement” appears in the DocuSign Envelope ID: 05B252E2-4B0D-4919-9B88-9C61438700A9 01240.0001/535314.1
Agreement, it shall mean the Agreement, as amended by this Second Amendment to the Agreement.

3. Affirmation of Agreement; Warranty Re Absence of Defaults. City and Contractor each ratify and reaffirm each and every one of the respective rights and obligations arising under the Agreement. Each party represents and warrants to the other that there have been no written or oral modifications to the Agreement other than as provided herein. Each party represents and warrants to the other that the Agreement is currently an effective, valid, and binding obligation.

Contractor represents and warrants to City that, as of the date of this Second Amendment, City is not in default of any material term of the Agreement and that there have been no events that, with the passing of time or the giving of notice, or both, would constitute a material default under the Agreement.

City represents and warrants to Contractor that, as of the date of this Second Amendment, Contractor is not in default of any material term of the Agreement and that there have been no events that, with the passing of time or the giving of notice, or both, would constitute a material default under the Agreement.

4. Adequate Consideration. The parties hereto irrevocably stipulate and agree that they have each received adequate and independent consideration for the performance of the obligations they have undertaken pursuant to this Second Amendment.

5. Authority. The persons executing this First Amendment on behalf of the parties hereto warrant that (i) such party is duly organized and existing, (ii) they are duly authorized to execute and deliver this Second Amendment on behalf of said party, (iii) by so executing this Second Amendment, such party is formally bound to the provisions of this Amendment , and (iv) the entering into this Second Amendment does not violate any provision of any other agreement to which said party is bound.
[SIGNATURES ON FOLLOWING PAGE]
DocuSign Envelope ID: 05B252E2-4B0D-4919-9B88-9C61438700A9 01240.0001/535314.1
IN WITNESS WHEREOF, the parties hereto have executed this Agreement on the date and year first-above written.

CITY:

City of Glendora, a municipal corporation
_____________________________________________
Adam Raymond
City Manager
APPROVED AS TO FORM: CERTIFY AVAILABILITY OF FUNDS:

ALESHIRE & WYNDER, LLP
______________________________________ _____________________________________________ William W. Wynder
City Attorney
Marie Ricci
Administrative Services Director / City Treasurer
ATTEST:
______________________________________
Kathleen R. Sessman
City Clerk/Communications Director
CONTRACTOR:

HDL SOFTWARE, LLC
By: ________________________________________
Name: Robert Gray
Title: President
By: ________________________________________
Name: Richard Park
Title: Chief Financial Officer
Address: 120 S. State College Blvd.

Suite 200
Brea, CA 92821
Two corporate officer signatures required when Contractor is a corporation, with one signature required from each of the following groups: 1) Chairman of the Board, President or any Vice President; and 2) Secretary, any Assistant Secretary, Chief Financial Officer or any Assistant Treasurer. CONTRACTOR’S SIGNATURES

SHALL BE DULY NOTARIZED, AND APPROPRIATE ATTESTATIONS SHALL BE INCLUDED AS

MAY BE REQUIRED BY THE BYLAWS, ARTICLES OF INCORPORATION, OR OTHER RULES OR REGULATIONS APPLICABLE TO CONTRACTOR’S BUSINESS ENTITY.

DocuSign Envelope ID: 05B252E2-4B0D-4919-9B88-9C61438700A9 June 2, 2022 | 7:45
June 1, 2022 | 4:48
Jun 15, 2022 | 8:

CITY OF GLENDORA

FIRST AMENDMENT TO

AGREEMENT FOR BUSINESS LICENSE AND TRANSIENT OCCUPANCY TAX

AND ADMINISTRATION SERVICES

THIS AMENDMENT TO THE AGREEMENT FOR BUSINESS LICENSE AND TRANSIENT OCCUPANCY TAX ("First Amendment") by and between the CITY OF GLENDORA and HDL SOFTWARE LLC, a Contractor, is effective as of the 8 day of December, 2020.

RECITALS
A. City and Contractor entered into that certain Agreement dated February 28, 2017 ("Agreement") whereby Contractor agreed to provide Business License and Transient Occupancy Tax and Administration Services.

B. City and Contractor now desire to amend the Agreement for ongoing contract services for Business License and Transient Occupancy Tax and Administration Services.

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

TERMS

1. Contract Changes. The Agreement is amended as provided herein. Deleted text is indicated in strikethrough and added text in bold italics. a. Article 9 - Termination of Agreement
"This Agreement will commence on March 1, 201 7 and shall terminate on March 31 , ~ March 31, 2022, unless otherwise extended by written agreement of the parties signed by the City Manager. This Agreement may be terminated with or without cause by either party upon thirty (30) days written notice. In the event of such termination, Consultant shall be compensated for non-disputed fees under the terms of this Agreement up to the date of termination."

2. Continuing Effect of Agreement. Except as amended by this First Amendment, the provisions of the Agreement shall remain unchanged and in full force and effect. From and after the date of this First Amendment, whenever the term "Agreement" appears in the Agreement, it shall mean the Agreement, as amended by this First Amendment to the Agreement.

3. Affirmation of Agreement; Warranty Re Absence of Defaults. City and Contractor each ratify and reaffirm each and every one of the respective rights and obligations arising under the Agreement. Each party represents and warrants to the other that there have been no written or oral modifications to the Agreement other than as provided herein. Each party represents and warrants to the other that the Agreement is currently an effective, valid, and binding obligation.

Contractor represents and warrants to City that, as of the date of this First Amendment, City is not in default of any material term of the Agreement and that there have been no events that, with the passing of time or the giving of notice, or both, would constitute a material default under the Agreement.

City represents and warrants to Contractor that, as of the date of this First Amendment, Contractor is not in default of any material term of the Agreement and that there have been no events that, with the passing of time or the giving of notice, or both, would constitute a material default under the Agreement.

4. Adequate Consideration. The parties hereto irrevocably stipulate and agree that they have each received adequate and independent consideration for the performance of the obligations they have undertaken pursuant to this First Amendment.

5. Authority. The persons executing this First Amendment on behalf of the parties hereto warrant that (i) such party is duly organized and existing, (ii) they are duly authorized to execute and deliver this First Amendment on behalf of said party, (iii) by so executing this First Amendment, such party is formally bound to the provisions of this Amendment , and (iv) the entering into this First Amendment does not violate any provision of any other agreement to which said party is bound.
[SIGNATURES ON FOLLOWING PAGE]
01240.000 1/5353 14.1 -2-
IN WITNESS WHEREOF, the parties hereto have executed this Agreement on the date and year first-above written.

APPROVED AS TO FORM:

ALESHIRE & WYNDER, LLP
William W. Wynder
City Attorney
CITY:

CERTIFY AVAILABILITY OF FUNDS:

JOverholt
Administrative Services Director
CONTRACTOR:
:LRO TW LC
Title: 1:rjdenJ / CE~
By: //~ #t/f.

Name: Richard Park
Title: Chief Financial Officer
Address: 120 S State College Blvd., Suite 200
Brea, CA 92821
Two corporate officer signatures required when Contractor is a corporation, with one signature required from each of the following groups: 1) Chairman of the Board, President or any Vice President; and 2) Secretary, any Assistant Secretary, Chief Financial Officer or any Assistant Treasurer. CONTRACTOR'S SIGNATURES

SHALL BE DULY NOTARIZED, AND APPROPRIATE ATTESTATIONS SHALL BE INCLUDED AS

MAY BE REQUIRED BY THE BYLAWS, ARTICLES OF INCORPORATION, OR OTHER RULES OR REGULATIONS APPLICABLE TO CONTRACTOR'S BUSINESS ENTITY. 0 I 240.0001 /535314.1 -3-
IN WITNESS WHEREOF, the parties hereto have executed this Agreement on the date and year first-above written.

APPROVED AS TO FORM:

ALESHIRE & WYNDER, LLP
/,()di~ ti)~~
William W. Wynder
City Attorney
ATTEST:

Kathleen R. Sessman
City Clerk/Communications Director
CITY:

City of Glendora, a municipal corporation
Adam Raymond
City Manager
CERTIFY AVAILABILITY OF FUNDS:

June Overholt
Administrative Services Director
CONTRACTOR:

HDL SOFIW ARE, LLC
By: ____________ _
Name:

Title:

By:-------------
Name:

Title:

Address: ____________ _
Two corporate officer signatures required when Contractor is a corporation, with one signature required from each of the following groups: 1) Chairman of the Board, President or any Vice President; and 2) Secretary, any Assistant Secretary, Chief Financial Officer or any Assistant Treasurer. CONTRACTOR'S SIGNATURES

SHALL BE DULY NOTARIZED, AND APPROPRIATE ATTESTATIONS SHALL BE INCLUDED AS

MAY BE REQUIRED BY THE BYLAWS, ARTICLES OF INCORPORATION, OR OTHER RULES OR REGULATIONS APPLICABLE TO CONTRACTOR'S BUSINESS ENTITY. 0 1240.000 1/535314.1 -3-
CALIFORNIA ALL-PURPOSE ACKNOWLEDGMENT CIVIL CODE § 1189 A notary public or other officer completing this certificate verifies only the identity of the individual who signed the document to which this certificate is attached, and not the truthfulness, accuracy, or validity of that document.

State of California }
County of OCQ.D~
On \l 41 ~<&.,\ before me, Qo:±½~ CL> 22~2-,lb~ Qilil,,G Date Here Insert Name and Title of the Officer
personally appeared --~-'---'----=~'---'--..P___,._LL,) ~ "-----"N---'-\~____,= ?f> ..... r'-s ....... .....,o .......... a_,_ _________ _ Name(s) of Signer(s) who proved to me on the basis of satisfactory evidence to be the person(s) whose name(s) is/are subscribed to the within instrument and acknowledged to me that he/she/they executed the same in his/her/their authorized capacity(ies), and that by his/her/their signature(s) on the instrument the person(s), or the entity upon behalf of which the person(s) acted, executed the instrument. 1············f PATRICIA BATIZ
: Nolary Public - California : f Orange Counly i
Commission # 2229902 ~
My Comm. Expires Feb 28, 2022
Place Notary Seal and/or Stamp Above
I certify under PENAL TY OF PERJURY under the
laws of the State of California that the foregoing
paragraph is true and correct.

WITNESS my hand and official seal.

OPTIONAL
Completing this infor.,mation can deter alteration of the document or fraudulent reattachment of this form to an unintended document.

Description of Attached Document
Title or Type of Document: _________ _______________ ____ _ Document Date: ______________________ Number of Pages: ____ _ Signer(s) Other Than Named Above: _____ __________________ _ Capacity(ies) Claimed by Signer(s)
Signer's Name: Signer's Name:
□ Corporate Officer - Title(s): ______ _ □ Corporate Officer - Title(s): ______ _ □ Partner - □ Limited □ General □ Partner - □ Limited □ General □ Individual □ Attorney in Fact □ Individual □ Attorney in Fact □ Trustee □ Guardian of Conservator □ Trustee □ Guardian of Conservator □ Other: □ Other:

Signer is Representing: __________ _ Signer is Representing: _______ ___ _ ©2017 National Notary Association
CALIFORNIA ALL-PURPOSE ACKNOWLEDGMENT CIVIL CODE § 1189 A notary public or other officer completing this certificate verifies only the identity of the individual who signed the document to which this certificate is attached, and not the truthfulness, accuracy, or validity of that document.

State of California }
County of D<"'Cl..C"Xo e_
On _ \-+-I 4----+-{_~_ ©-~~-- before me, 90-hi ( 0 tL J ~2 D~\'\.U I2.b \~1C Date (v) (1 . .-f ;,tere Insert Name and Title of the Officer U personally appeared - ~~QJ\~~cd!.__~~ _Q~ - ~ ~ \~ ~~=-------==============~--=----- --"""N_,_a=m..;.;.e(s) of Signer(s) -------- who proved to me on the basis of satisfactory evidence to be the person(s) whose name(s) is/are subscribed to the within instrument and acknowledged to me that he/she/they executed the same in his/her/their authorized capacity(ies), and that by his/her/their signature(s) on the instrument the person(s), or the entity upon behalf of which the person(s) acted, executed the instrument. 1············1 . PATRICIA BATIZ • @7•·~· • · Notary Public - California z -; · ' ► .. ' .,. - Orange County la " . · .' Commission # 2229902 -
My Comm. Expires Feb 28, 2022
Place Notary Seal and/or Stamp Above
I certify under PENAL TY OF PERJURY under the
laws of the State of California that the foregoing
paragraph is true and correct.

WITNESS my hand and official seal.

Signature --,
~
~=-~ -~=~-'V~ --~ ~~ ~c........,- --- ;;t~

OPTIONAL
Completing this information can deter alteration of the document or fraudulent reattachment of this form to an unintended document.

Description of Attached Document
Title or Type of Document: ____________________________ _ Document Date: _ _____________________ Number of Pages: ____ _ Signer(s) Other Than Named Above: _______________________ _ Capacity(ies) Claimed by Signer(s)
Signer's Name: Signer's Name:
□ Corporate Officer - Title(s): ______ _ □ Corporate Officer - Title(s): ______ _ □ Partner - □ Limited □ General □ Partner - □ Limited □ General □ Individual □ Attorney in Fact □ Individual □ Attorney in Fact □ Trustee □ Guardian of Conservator □ Trustee □ Guardian of Conservator □ Other: □ Other:

Signer is Representing: __________ _ Signer is Representing: __________ _ ©2017 National Notary Association

STAFF REPORT
TO: Mayor and Council Members DATE: March 25, 2025
FROM: City Clerk DISTRICT(S): Citywide
SUBJECT: Update of Unscheduled Vacancies on Board of Library Trustees, Office No. 2 (Term Expiring June 30, 2027) and Water Commission, Office No. 3 (Term Expiring June 30, 2025)

RECOMMENDATION
That the City Council:

1. Provide direction to staff on the unscheduled vacancy on the Board of Library Trustees (Office No. 2; Term ending June 30, 2027) and Water Commission (Office No. 3; Term ending June 30, 2025).

STRATEGIC FOCUS AREAS
Not Applicable

EXECUTIVE SUMMARY
The City Clerk’s Office received resignation notifications for two board/commission members, resulting in unscheduled vacancies. The first vacancy is for the Board of Library Trustees, Office No. 2 (Attachment B), with a term expiring June 30, 2027. The second vacancy is for the Water Commission, Office No. 3 (Attachment E), with a term expiring June 30, 2025.

Given the upcoming scheduled recruitment for the Water Commission, staff recommends postponing the appointment for Office No. 3 until the regular recruitment process which will begin shortly.

A Notice of Unscheduled Vacancy for the Board of Library Trustees was posted in accordance with Cal. Gov’t Code § 54974, with a March 20, 2025, application deadline. At the close of the recruitment period, three qualified applicants have submitted applications for City Council consideration.

LEGISLATIVE HISTORY / PREVIOUS ACTIONS
California Code, Government Code § 54974 regulates the process utilized by cities to fill unscheduled vacancies on the City Council appointed commissions and boards and requires the following:
(a) Whenever an unscheduled vacancy occurs in any board, commission, or committee for which the legislative body has the appointing power, whether due to resignation, death, termination, or other causes, a special vacancy notice shall be posted in the office of the clerk of the local agency, on either the local agency's Internet Web site or at the library designated pursuant to Section 54973, and in other places as directed by the legislative body, not earlier than 20 days before or not later than 20 days after the vacancy occurs. Final appointments to the board, commission, or committee shall not be made by the legislative body for at least 10 working days after the posting of the notice in the clerk's office. (b) Notwithstanding subdivision (a), the legislative body may, if it finds that an emergency exists, fill the unscheduled vacancy immediately. A person appointed to fill the vacancy shall serve only on an acting basis until the final appointment is made pursuant to this section.

DISCUSSION
The purpose of this report is to provide an update on unscheduled vacancies on two City Council appointed boards and commissions. Currently the City has two unscheduled vacancies:

Board / Commission Office No. Resignation Date Term Expires Board of Library Trustees 2 February 18, 2025 6/30/2027 Water Commission 3 March 17, 2025 6/30/2025
Board of Library Trustees:

On February 18, 2025, the City Clerk’s Office was notified on the resignation of Board of Library Trustee Marianne Cintron for Office No. 2, term ending June 30, 2027 (Attachment A). A Notice of Unscheduled Vacancy (Attachment B) was posted to the City bulletin boards, website, and advertised in the San Gabriel Valley Examiner with the application deadline of Thursday, March 20, 2025. At the close of the application period, 1 new application was received, and two previously qualified applicants with applications on file have confirmed their interest (Attachment C).

Qualified Applicants for Board of Library Trustee, Office No. 2:

Name Status
Marsha Mason On File
Madison Tyler Trammel On File
Anna Maglona Villeneuve New
Next Steps for the Board of Library Trustees Unscheduled Vacancy:

Option 1: Direct staff to schedule interviews with existing applicants.

Option 2: If additional applications are desired, direct staff to extend application deadline to April 8, 2025.

Option 3: Provide direction to staff.

Water Commission:

On March 17, 2025, the City Clerk’s Office was notified on the resignation of Water Commissioner Michael Holmes for Office No. 3, term ending June 30, 2025 (Attachment D). A Notice of Unscheduled Vacancy for the Water Commission has been prepared for publication (Attachment E), however since the term expires on June 30, 2025, staff recommends postponing the appointment for Office No. 3 until the annual recruitment process is conducted which will begin shortly. The Water Commission meets on a quarterly basis and the next Water Commission meeting will be held on July 24, 2025, so leaving the office vacant will not hinder the Water Commission meetings or duties.

Staff contacted the sole qualified applicant on file, who declined to serve at this time.

It should be noted that if the City Council prefers to recruit and fill the Water Commissions unscheduled vacancy a timeline can be put together, but Administrative Policy 1.14 requires vacancies to be, “Advertised a minimum of three (3) times in a newspaper of general circulation.” Which would mean that anyone appointed to fill the unscheduled vacancy might not have the opportunity to get sworn in until the term has expired and would have to re-apply for appointment during the annual recruitment if they wanted to continue to serve beyond June 30, 2025.

Vacancies Scheduled to Expire on June 30, 2025:

Board / Commission Number of
Vacancies
Office
Numbers
Comments
Board of Library Trustees 3 1, 4 and 5
BID Advisory Board 2 1 and 4 Chamber of Commerce administers recruitment*
Community Services
Commission
2 1 and 2
Planning Commission 2 4 and 5
Water Commission 3 3, 4 and 5
*Note for the Business Improvement District (BID) Advisory Board, the Memorandum of Understanding between the City of Glendora and the Glendora Chamber of Commerce for the Management and Operations of the Glendora Village Business District section 7.6 (Attachment G) states District Advisory Board Appointment Recommendation. The Manager shall make recommendations to the City for members to be appointed by the City Council pursuant to GMC 2.18.050. (a). 2025 Annual Recruitment
In preparation of this annual recruitment, the Notice of the Scheduled Vacancy (Attachment F) has been prepared and will be posted and published as required. The following is the timeline for the 2025 Annual Recruitment for City Council appointed boards and commissions:

DATE DESCRIPTION
March 20, 2025 Notice of Scheduled Vacancy Posted
April 3, 2025
April 10, 2025
April 17, 2025
Notice of Scheduled Vacancy Publications
April 24, 2025 Application Deadline
May 13, 2025 Update on Recruitment presented to City
Council
May 27, 2025 Conduct Interviews and appoint applicants
July 2025 Oath of Office
Next Steps for the Water Commission Unscheduled Vacancy:

Option 1: Direct staff to postpone recruitment to fill unscheduled vacancy on the Water Commission, Office No. 3 until the annual recruitment is conducted.

Option 2: Direct staff to open recruitment to fill unscheduled vacancy on the Water Commission.

Option 3: Provide direction to staff.

FISCAL IMPACT
There are no fiscal impacts associated with the recommendations in this report.

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

Prepared By Roxanne Breceda, Deputy City Clerk / Records Manager Concurs With Not Applicable
Reviewed By Kathleen R. Sessman, City Clerk/Communications Director 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. Resignation Email from Marianne Cintron
B. Notice of Unscheduled Vacancy for Board of Library Trustees C. Applications for Board of Library Trustees
D. Resignation Email of Michael Holmes
E. Notice of Unscheduled Vacancy for Water Commission
F. 2025 Annual Scheduled Vacancies Notice for Publication G. Chamber of Commerce MOU (Glendora Village Business District) H. PowerPoint
Attachments
A. Resignation Email of Marianne Cintron.pdf
B. Notice of Unscheduled Vacancy for Board of Library Trustees.pdf C. Applications for Board of Library Trustees.pdf
D. Resignation Email of Michael Holmes.pdf
E. Notice of Unscheduled Vacancy for Water Commission.pdf F. 2025 Annual Scheduled Vacancies Notice.pdf
G. Chamber of Commerce MOU (Glendora Village Business District).pdf H. PowerPoint.pdf
From: Marianne Cintron <[email protected]>
Sent: Wednesday, February 12, 2025 10:07 AM
To: Janet Stone <[email protected]>; Kathleen Sessman <[email protected]>
Subject: Notice of Inability to Continue
CAUTION: This email originated from outside of the organization. Do not click links or open attachments unless you recognize the sender and know the content is safe.

Dear Janet and Kathleen,
Please consider this email my notice of inability to continue as the Library Board Trustee.

After I was elected Board Trustee on 5/14/24, I experienced some severe health issues and have not been able to contribute as needed.

I believe it is time to step down from the Trustee duties. Thanks for your conversations and friendship. I look forward to get back on my feet and stay involved in my community.

Blessings,
Dr. Marianne Cintron
President of Step By Step Dyslexia Solutions
dys-sol.com

NOTICE OF UNSCHEDULED VACANCY
on the
BOARD OF LIBRARY TRUSTEES _____________________________________________ NOTICE IS HEREBY GIVEN, pursuant to Cal. Gov't Code§ 54974 the following unscheduled vacancy exists on the following legislative body in the City of Glendora:

BOARD OF LIBRARY TRUSTEES
Notification of resignation was provided for Office No. 2 of the Board of Library Trustees. The unexpired term will end June 30, 2027.

ABOUT THE BOARD OF LIBRARY TRUSTEES:

Board of Library Trustees: Members serve a 3-year term. The Board of Library Trustees of the City shall consist of five members. Members must be registered to vote and reside within the incorporated City limits during their entire term of service (GMC, 2.32). This Board provides strategic leadership and serves as the creative catalyst for developing and implementing the mission, values, and vision of the Glendora Public Library.

Pursuant to City Resolution, members are required to complete AB1234 Ethics Training and Brown Act Training prior to receiving Oath of Office and are required to attend meetings on a regular basis.

NOTICE IS FURTHER GIVEN, a special vacancy notice shall be posted not earlier than 20 days before or not later than 20 days after the vacancy occurs. Final appointment to an unscheduled vacancy on board/commission, shall not be made by the City Council for at least 10 working days after the posting of the notice by the City Clerk’s office. Notice was published Thursday, February 27, 2025, Thursday, March 6, 2025, and Thursday, March 13, 2025.

APPOINTMENT PROCEDURE: Applications are available via the City’s website at www.cityofglendora.gov or at the City Clerk’s Office, Monday through Friday, between the hours of 8:00 a.m. and 5:00 p.m., except holidays. Completed application forms will be accepted until the position has been filled. Please call the City Clerk’s Office at (626) 914-8210 for more information.

The date for interviews and/or appointments will be announced at a later date. Applicants will be contacted to schedule interview times following the recruitment deadline of Thursday, March 20, 2025.

Kathleen R. Sessman, MMC
City Clerk/Communications Director
Published: February 27, 2025, March 6, 2025, March 13, 2025

From: [email protected] <[email protected]>
Sent: Monday, March 17, 2025 10:43 AM
To: David Fredendall <[email protected]>; Michael Allawos <[email protected]>; [email protected]
Cc: Adam Raymond <[email protected]>; [email protected]; [email protected]; [email protected]; William Wittkopf <[email protected]>; Roxanne Breceda <[email protected]>
Subject: Resignation from Glendora Water Commission
CAUTION: This email originated from outside of the organization. Do not click links or open attachments unless you recognize the sender and know the content is safe.

Dear Mayor Fredendall & Chair Hansen:

I am writing to formally resign from my position on the Glendora Water Commission, effective immediately. My wife and I have been blessed with an opportunity to serve as full-time missionaries for The Church of Jesus Christ of Latter-day Saints in the Denver, Colorado area. As we prepare to sell our home and move from Glendora after thirty-two wonderful years, our hearts are filled with gratitude.

Glendora has been more than just our home—it has been the place where we raised our five children, built cherished friendships, and experienced the warmth of a truly special community.

Serving on the Water Commission and contributing in a very small way to well-being of this city has been an honor, and I deeply appreciate over the years the many opportunities I have had to volunteer and be involved.

I extend my heartfelt thanks to my fellow commissioners, city officials, and community members for their dedication and support. Glendora will always hold a special place in our hearts, and while we may be moving on to this new chapter, our love and appreciation for this community will remain steadfast.

Wishing you all continued success in serving this wonderful city! With gratitude,
Michael Holmes
^^^^^^^^^^^^^^^^^
MK Holmes
[email protected]

NOTICE OF UNSCHEDULED VACANCY
on the
WATER COMMISSION _____________________________________________ NOTICE IS HEREBY GIVEN, pursuant to Cal. Gov't Code§ 54974 the following unscheduled vacancy exists on the following legislative body in the City of Glendora:

WATER COMMISSION
Notification of resignation was provided for Office No. 3 of the Water Commission. The unexpired term will end June 30, 2025.

WATER COMMISSION:

Water Commission: Members serve a 4-year term. The Water Commission of the City shall consist of five members. Members of the Water Commission must be registered to vote, reside within the incorporated City limits during their entire term of service, and be customers of the City’s water division of the Public Works Department. (GMC 2.18.020) This Commission shall act in an advisory capacity to the City Council on policy matters relating to the operation of the City’s water system, excluding daily operations and shall advise and recommend to the City Council policies and programs related to the City’s water.

Pursuant to City Resolution, members are required to complete AB1234 Ethics Training and Brown Act Training prior to receiving Oath of Office and are required to attend meetings on a regular basis.

NOTICE IS FURTHER GIVEN, a special vacancy notice shall be posted not earlier than 20 days before or not later than 20 days after the vacancy occurs. Final appointment to an unscheduled vacancy on board/commission, shall not be made by the City Council for at least 10 working days after the posting of the notice by the City Clerk’s office. Notice was published Thursday, April 3, 2025, Thursday, April 10, 2025, and Thursday, April 17, 2025.

APPOINTMENT PROCEDURE: Applications are available via the City’s website at www.cityofglendora.gov or at the City Clerk’s Office, Monday through Friday, between the hours of 8:00 a.m. and 5:00 p.m., except holidays. Completed application forms will be accepted until the position has been filled. Please call the City Clerk’s Office at (626) 914-8210 for more information.

The date for interviews and/or appointments will be announced at a later date. Applicants will be contacted to schedule interview times following the recruitment deadline of Thursday, April 24, 2025.

Kathleen R. Sessman, MMC
City Clerk/Communications Director
Published: April 3, 2025, April 10, 2025, April 17, 2025 NOTICE IS HEREBY GIVEN that the City of Glendora invites interested persons of the City of Glendora to submit applications to serve on the following City Advisory Boards and Commissions for vacancies effective June 30, 2025. The deadline to submit an application for consideration is no later than 12:00 p.m. on Thursday, April 24, 2025:

Board of Library Trustees: 3 Vacancies: Office Nos. 1, 4, and 5 (3-year term). This Board provides strategic leadership and serves as the creative catalyst for developing and implementing the mission, values and vision of the Glendora Public Library. Members of the Library Board of Trustees must be registered to vote and reside within the incorporated City limits during their entire term of service (GMC, 2.32). This Board meets on the third Monday of each month at 7:00 p.m.

Community Services Commission: 2 Vacancies: Offices Nos. 1 and 2 (4-year term). This Commission serves in an advisory capacity to the City Council and Director of Recreation and Human Services in all matters pertaining to the park maintenance, park development, recreation programs, human services, and community beautification. Members of the Community Services Commission must be registered to vote and reside within the incorporated City limits during their entire term of service (GMC, 2.16). This Commission meets the third Thursday of each month at 7:00 p.m.

Planning Commission: 2 Vacancies: Offices Nos. 4 and 5 (4-year term). This Commission serves in an advisory capacity to the City Council on land-use policy-planning matters which guide the future development of the City. Members of the planning commission must be registered to vote and reside within the incorporated City limits during their entire term of service and no person of the planning commission shall hold any other remunerative office or position with the City (GMC, 2.12). This Commission meets the first Tuesday of each month at 7:00 p.m.

Water Commission: 3 Vacancies: Offices Nos. 3, 4, and 5 (4-year term). This Commission shall act in an advisory capacity to the City Council on policy matters relating to the operation of the City’s water system, excluding daily operations and shall advise and recommend to the City Council policies and programs related to the City’s water.

Members must be registered to vote, reside within the incorporated City limits during their entire term of service, and be customers of the City’s water division of the Public Works Department (GMC 2.18.020). This Commission meets on a quarterly basis the fourth Thursday of each January, April, July, and October at 6:00 p.m.

Applicants must be 18 years or older, register to vote and must maintain residency within the incorporated areas of the City of Glendora during their term of office. Applications are available via the City’s website at www.cityofglendora.gov or at City Hall in the City Clerk’s Office, 116 E. Foothill Boulevard, Glendora, Monday through Friday, between the hours of 8:00 a.m. and 5:00 p.m., except holidays. Please call the City Clerk’s Office at (626) 914-8210 for more information.

Interviews are tentatively scheduled to take place on Tuesday, May 27, 2025. Qualified applicants will receive specific details following the recruitment deadline.

Kathleen R. Sessman, MMC
City Clerk/Communications Director
Published San Gabriel Valley Examiner: April 3, 2025, April 10, 2025, April 17, 2025

NOTICE OF VACANCY
City Council appointed Advisory Boards, Commissions and Committees City Council
Board of Library Trustees
3 Vacancies
Community Services Commission
2 Vacancies
Planning Commission
2 Vacancies
Water Commission
3 Vacancies
1 MEMORANDUM OF UNDERSTANDING BETWEEN THE

CITY OF GLENDORA AND THE GLENDORA CHAMBER OF COMMERCE

FOR THE MANAGEMENT AND OPERATION OF THE GLENDORA VILLAGE

BUSINESS DISTRICT
This Memorandum of Understanding (“MOU” / “Agreement”) is made and entered into this _____ day of __________ 2024 (“Effective Date”) by and between the CITY OF GLENDORA, a California municipal corporation (“City”), and the GLENDORA CHAMBER OF COMMERCE, a California nonprofit 501(c)(6) organization (“Chamber” / “Manager”), are sometimes referred to in this MOU individually as a “Party” and collectively referred to as the “Parties.” The Parties hereto agree as follows:

RECITALS
WHEREAS, under the Glendora Municipal Code (“GMC”) Chapter 5.40, the City Council of the City of Glendora previously established the Glendora Village Business District (“District”) in 2009, as provided by the Parking and Business Improvement Area Law of 1989 (California Streets and Highway Code Section 36500 et seq. (the “1989 Law”); and WHEREAS, the District promotes the physical and financial vitality of the Glendora Village as a means of providing tax revenues, and physical, economic, and social stability to the Glendora community; and
WHEREAS, the Chamber is a membership association of business owners and residents committed to encouraging business and economic development within the City; and WHEREAS, the Chamber works cooperatively with local businesses, and other organizations, to improve the economic well-being and quality of life in Glendora; and WHEREAS, the Chamber is a leading advocate for business growth in Glendora; and WHEREAS, the City has worked with the Chamber to negotiate the terms under which the Chamber shall take over the primary responsibilities for the management, oversight of the District and its operations; and
WHEREAS, the Chamber desires economic and administrative assistance from the City to perform the tasks and duties associated with the management of the District; and WHEREAS, the City is amenable to providing monetary compensation and limited administrative support as defined within this MOU.

NOW, THEREFORE, in consideration of the mutual covenants, promises and agreements contained herein, City and Chamber hereby agree as follows:

Section 1. PURPOSE
GMC Chapter 5.40 established a parking and business improvement district within the City known as the Glendora Village Business District (“District”) pursuant to the 1989 Law. The purpose of this MOU is to define the roles and responsibilities of the City and the Chamber, with regard to the management and operation of the District.

DocuSign Envelope ID: F39E6199-FEE1-45F9-89CA-FECE23B65BE0 June
25th
2 Section 2. DEFINITIONS
For the purpose of this MOU, the terms listed below are defined as follows:

2.1. Activities. The improvements and activities within the District which shall conform to those set forth in Section 5.40.020(e) of the GMC and shall be described in each Annual Plan.

2.2. Annual Plan. A report prepared for each Fiscal Year for which Assessments are to be levied and collected to pay for the costs of the Activities. The Annual Plan shall include, but not be limited to, the boundaries of the District, the basis and method of levying the Assessments (assessment methodology), and any changes in the classification of businesses, if a classification is used, pursuant to California Streets and Highways Code Section 36533.

2.3. Assessments. All funds collected by City from each Member Business pursuant to the authority of the 1989 Law. The Assessments collected from each for Member Business within the District shall be set forth in each Annual Plan.

2.4. Default. The occurrence of any of the following: (a) any failure of a Party to perform any of such Party’s obligations under this MOU; (b) Any failure by a Party to pay, deposit or deliver, when and as this MOU requires, any amount of money, or surety or evidence of any insurance coverage required to be provided under this MOU; (c) any failure of a Party to comply with any restriction or prohibition in this MOU; or (d) any other event or circumstance that, with passage of time or giving of Notice, or both, would constitute a breach of this MOU by a Party.

2.5. District Advisory Board. The District Advisory Board shall consist of the individuals appointed by the City Council pursuant to Chapter 2.18 of the GMC and the Bylaws of the Glendora Village Business District, dated December 11, 2009 (as amended from time to time, the “Bylaws”).

2.6. Effective Date. Defined in Section 3 of this MOU.

2.7. Fiscal Year. Each time period beginning on July 1 and ending on the immediately following June 30.

2.8. GAAP. Generally Accepted Accounting Principles.

2.9. GAGAS. Generally Accepted Government Audit Standards.

2.10. Laws. All laws and ordinances applicable to the District, including, without limitation, the 1989 Law and the GMC.

2.11. Member Business. A business located within the boundaries of the District that is subject to paying Assessments under Chapter 5.40 of the GMC.

2.12. Notice. Any consent, demand, designation, election, notice or request relating to this MOU.

All Notices must be in writing.

2.13. Other Revenue. Defined in Section 10.1.

DocuSign Envelope ID: F39E6199-FEE1-45F9-89CA-FECE23B65BE0 3 2.14. Person. Any association, corporation, governmental authority, individual, joint venture, jointstock company, limited liability company, partnership, trust, unincorporated organization or other entity of any kind.

2.15. Records. All administrative or financial records relating to the District, Assessments, Activities, Reserve Funds, Other Revenue or any such other documents as required under this MOU which shall be prepared or gathered by Manager, including, without limitation, all ledgers, book of accounts, papers, invoices, receipts, accounting records, reports, financial disclosures, audits, other disclosures, certifications, work product, and any other documents, data, or agreements. ledgers, books of accounts, invoices, vouchers, canceled checks, reports, studies or other documents relating to the Assessments, Other Revenue, Reserve Funds, and any disbursements of funds and/or the services.

2.16. Reserve Funds. Defined in Section 9.2.

2.17. Residual Assessments. Defined in Section 9.1.

2.18. State. The State of California.

Section 3. TERM OF AGREEMENT
This MOU shall become effective July 1, 2024 (“Effective Date”) and shall continue year to year thereafter provided (the “Term”); provided however, that either Party may terminate this MOU as set forth in Section 19 of this MOU.

Section 4. BUDGET
The Manager will prepare a Budget to the City by January 31st of each Fiscal Year for the District Advisory Board to consider for recommendation to the City Council for approval. The Budget will include the source of revenues and the associated amounts, including Assessments from Member Businesses and Other Revenue (as defined below) and allocated amounts for each of the planned Activities for the upcoming Fiscal Year. Revenue generated by District Activities (i.e., Other Revenue), shall be collected and held by the Manager in accordance with Section 10.

Section 5. MANAGEMENT FEE
In exchange for the services performed by Manager as provided under this Agreement, City agrees to compensate the Manager as follows:

City will pay up to fifty-thousand dollars ($50,000.00) annually (“Management Fee”). A portion thereof payable in monthly installments of four-thousand one-hundred and sixty-six dollars ($4,166.00) beginning the first day of the month after the execution of this MOU and continuing on the first day of each month thereafter during the Term of this MOU. Payment to the Manager will only be made upon receiving a proper invoice sufficiently in advance of the City’s weekly Friday warrant runs.

Section 6. PERSONNEL ASSIGNED TO SCOPE OF WORK

6.1. Community Development Director, or his/her designee, is hereby designated as being the representative of the City authorized to act on its behalf with respect to the work and services specified herein.

6.2. The Manager’s President/CEO is hereby designated as being the representative for the Manager and is authorized to act on its behalf with respect to the work and services DocuSign Envelope ID: F39E6199-FEE1-45F9-89CA-FECE23B65BE0 4 specified herein. Manager shall utilize administrative personnel to assist in performing services pursuant to this Agreement. All personnel of the Manager, and any authorized agents, shall be under the exclusive direction of the Manager.

Section 7. MANAGER RESPONSIBILITIES
Manager will provide the following services to the City in exchange for payment as provided in Section 5 of this MOU:

7.1. District Management. Manager shall oversee, coordinate, and perform all Activities necessary for the management of the District in a professional and prudent manner and in accordance with all Laws and the Budget. More specifically, Manager shall do all of the following with direction from the District Advisory Board:

7.1.1. Objectives. Establish objectives for evaluating and strengthening the existing businesses within the District and explore methods of attracting new businesses into the District.

7.1.2. Promotional Strategy. Develop a general promotional strategy tailored to the businesses within the District.

7.1.3. Liaison. Establish a liaison with businesses and explore opportunities, strategies and objectives of supporting businesses within the District.

7.1.4. Banners. Manager shall manage the District’s banner program by maintaining all banners, coordinating the removal and installation of banners, and reserving downtown banner space with the City.

7.1.5. Dissemination of Information. Manager has an important role in the District and shall disseminate information that is accurate and consistent with City’s District program as described in the GMC. The Manager shall disseminate information to every Member Business regularly, but not less than quarterly that includes information about: District highlights; City affiliated programs; District events, activities, services and Budget.

7.1.6. Performance Metrics. Collect data including: (a) ratio of annual Assessment amount to total annual Budget; (b) performance of Activities listed in the Annual Plan and (c) ground floor vacancy rate. This requirement may change annually following discussions with the City.

7.1.7. District Bylaws. Prepare and propose amendments to the District Bylaws from time to time as and when requested by the City.

7.2. Annual Plan. Commencing on January 31, 2025, and on the thirty-first (31st) day of each January this MOU is in effect, Manager shall submit to the City an Annual Plan, as described in the 1989 Law.

7.3. Procurement of Goods and Services. All procurement of goods and services by Manager in administration of the District that obligates or will result in the expenditure of any Assessments or Other Revenue shall comply with Section 5.40.090 of the GMC. Manager shall establish its own procurement policy, or adopt the City’s, for the procurement of such goods and services. Manager shall establish and adopt a procurement policy for the expending any District funds within three (3) months of the Effective Date of this MOU.

DocuSign Envelope ID: F39E6199-FEE1-45F9-89CA-FECE23B65BE0 5 7.4. Nonprofit Status. Manager shall at all times during the Term be a Federal and State nonprofit corporation in good standing.

7.5. Open and Public Meetings. Manager acknowledges and agrees that because Manager will be expending public funds in the form of Assessments and Other Revenue under this Agreement, all portions of meetings of the District’s Board of Directors at which this Agreement, Activities, Assessments, or Other Revenue are discussed shall be conducted in accordance with the Ralph M. Brown Act, California Government Code sections 54950- 54963 and the California Public Records Act, Government Code section 6250 et seq.), each as amended.

7.6. District Advisory Board Appointment Recommendations. The Manager shall make recommendations to the City for members to be appointed by the City Council pursuant to GMC 2.18.050.(a).

7.7. District Website. Manager shall maintain an official District website and shall post on such official District website all of the following: (a) District Advisory Board roster (names and business affiliations); (b) all regular District Advisory Board and committee meeting agendas; (c) all approved District Advisory Board and committee meeting minutes; (d) District’s bylaws; (e) all annual audits, reports and financial statements or disclosures prepared by Manager or provided by Manager to the City under Section 12; and (f) this Agreement, including exhibits and any amendments to this Agreement. All items required to be posted on the District website under this Section 7.6 shall be maintained on the website for a minimum of five (5) years.

7.8. The City’s Community Development Director, or his/her designee, shall consult the Manager as needed to provide work program for the District’s Activities and expenditures and shall coordinate with the Manager such work program development and implementation, program administration, and plans and reports.

7.9. Manager shall administer the entire work program in a prudent manner. Manager assumes responsibility for contracting for support services as required and paying for all such direct out-of-pocket expenses as may be necessary for the timely completion of work. Obligations or expenditures for items not meeting the requirements of the Annual Plan, this MOU, and all Laws shall not be paid through Assessments collected for the District.

7.10. Manager shall serve as a liaison with each Member Business, which shall include holding an annual public meeting to be noticed in writing to all assessed business establishments in the District. The meeting will be conducted in order to allow the business establishments to familiarize themselves with District functions and to inform the District of their concerns and desires. City’s Community Development Director, or her/his designee, shall attend as a member of the panel to provide information as required.

7.11 Manager shall provide sales and marketing services which provide a specific benefit to businesses in the District as described in the adopted Annual Plan.

7.12 Manager shall apply for the City’s Special Event Permit for Activities held in the public right of way, specified in Section 9.56.010 of the GMC, in a timely manner for sufficient review and processing by City.

Section 8. CITY RESPONSIBILITIES
DocuSign Envelope ID: F39E6199-FEE1-45F9-89CA-FECE23B65BE0 6 City will serve as a liaison to the Manager in the administration of the District, which shall generally consist of the following:

8.1. City shall be responsible for mailing monthly assessment notices and first delinquent notices, for receiving the assessments and for authorizing disbursements of collected funds to Manager. City may, but is not obligated by this MOU, or any other policies, rules, regulations, or laws, to perform any further collection efforts beyond the mailing of the annual assessment notices and first delinquent notices.

8.2. City shall, within six (6) months of the Effective Date of this MOU, administer, and coordinate, training for the Manager’s President/CEO on provisions of the Ralph M. Brown Act, California Government Code sections 54950-54963 and the California Public Records Act, Government Code section 6250 et seq within six (6) months of the Effective Date of this MOU.

8.3. City shall, within six (6) months of the Effective Date of this MOU, coordinate and provide training on GAAP, GAGAS, and procurement requirements necessary to implement the Activities included in the Annual Plan.

8.4. City shall provide Manager standard forms and templates to comply with requirements specified in, but not limited to, Section 7 and 12 of this MOU.

8.5. City shall assist in the annual noticing and public hearing process as required by the 1989 Law, and the provisions in the GMC, for the adoption of Annual Plan by the City Council.

City shall assist in facilitating the District Advisory Board’s recommendation to the City Council to approve the Annual Plan each year.

Section 9. ASSESSMENT ADVANCES

9.1. Disbursements. City will calculate and disburse Assessments to Manager up to the total Budget amount for each Fiscal Year during the Term under the procedures described in EXHIBIT A attached to this Agreement. The total Assessments provided to the Manager each Fiscal Year under this Agreement shall not, under any circumstances, exceed the total Budget for that Fiscal Year. If Assessments collected by District (through either City or Manager) in a Fiscal Year exceed the total Budget amount for that Fiscal Year (such excess amount being “Residual Assessments”), the Residual Assessments will be available for budgeting for Activities for the immediately following Fiscal Year of the District, subject to City Council approval of the Budget for the immediately following Fiscal Year.

9.2. Initial Disbursement. City shall disburse all funds held by the City in its Glendora Village Business District Fund, which funds consist of the amount of $50,000 (the “Reserve Funds”) to Manager, within thirty (30) days of the Effective Date of this MOU. The Manager shall hold all Reserve Funds on behalf of the City in a segregated / separate account of the Manager and shall only be entitled to use / apply such Reserve Funds towards District Activities if the City Council authorizes the use / application of Reserve Funds in connection with its approval of the Budget for any Fiscal Year.

9.3. Manager Collections. Manager shall not collect Assessments directly from Member Businesses without the prior written approval from the City. Manager shall separately account to City for such Assessments and shall only use such Assessments to pay for performance of Activities authorized in the Budget.

DocuSign Envelope ID: F39E6199-FEE1-45F9-89CA-FECE23B65BE0 7 9.4. Submittals. If Manager fails to timely submit to City any report, financial statement, audit or other matter required to be submitted by Manager to City under Section 12, City may stop future Assessment disbursements until such time as the overdue item is received and determined by City to comply with the requirements of this MOU. Failure to timely submit to the City any report, financial statement, audit or other matter required to be submitted by Manager to City may also result in termination of this MOU by the City.

9.5. Assessment Expenditure. Assessments may only be expended on Activities and in amounts authorized in the Budget for the applicable Fiscal Year. Any expenditure inconsistent with the Budget, or not supported with proper documentation, as described in EXHIBIT A attached to this MOU, shall be considered an ineligible expenditure. Upon determining that Manager has made an ineligible expenditure, City may stop future Assessment disbursements or reduce future Assessment disbursements. Nothing in this Section 9.5 shall waive or prevent City from exercising any or all other rights or remedies that may be available to City under this MOU, at law or in equity for a Default resulting from Manager making an ineligible expenditure of Assessments.

9.6. Unexpended Assessments. Manager will use its best efforts to fully expend budgeted Assessments by the end of each Fiscal Year. If Manager is holding any unexpended Assessments at the end of a Fiscal Year, the District Advisory Board may program such Assessments for expenditure on Activities authorized in the Budget for the immediately following Fiscal Year, subject to City Council approval of the Budget for the immediately following Fiscal Year and extension of the Term to cover such Fiscal Year.

9.7. Adjustments between Budget Categories or Line Items. Manager may make adjustments between expenditure categories or between line items in the Budget. Adjustments shall be reported to the District Advisory Board, and to the City, as part of a Monthly Financial Report.

The Monthly Financial Report shall explain the adjustment. The District Advisory Board may approve adjustments (where the sum of the expenditure category adjustments does not exceed 20% of the overall Budget or where the adjustments are 20% or less of the affected line item that is being reduced).

9.8. If Manager dissolves itself or terminates this MOU pursuant to the provisions in Section 19 below, prior to or upon the expiration of this MOU, then any unexpended monies held by Manager (including all Reserve Funds) shall be returned to City no later than 30 days from the time of dissolution or such termination. Any Assessments collected by City prior to Manager’s dissolution or termination of this MOU, and not yet disbursed to Manager shall be retained by City and used for any purpose permitted by the Annual Plan and District.

Section 10. OTHER REVENUE

10.1. If Manager collects any funds other than Assessments (“Other Revenue”) pursuant to its management, operation, and Activities of the District, Manager shall use and apply such Other Revenue towards the Activities of the District.

10.2. Other Revenue shall not be collected by the City, but directly by the Manager and accounted for in the same manner as that of Assessments and shall only use such Other Revenue to pay for performance of Activities authorized in the Budget. If Manager is holding any unexpended Other Revenue at the end of a Fiscal Year, the District Advisory Board may program such Other Revenue for expenditure on Activities authorized in the Budget for the immediately following Fiscal Year, subject to City Council approval of the Budget for the immediately following Fiscal Year and extension of the Term to cover such Fiscal Year.

DocuSign Envelope ID: F39E6199-FEE1-45F9-89CA-FECE23B65BE0 8 Section 11. INSURANCE

11.1 Prior to the Effective Date, Manager shall obtain all insurance coverage and policies required by the City in the type and amounts outlined below and shall provide evidence of same to City. Manager shall maintain all of the insurance coverage required to be obtained under this Section 11 throughout the Term.

11.1.1. General liability insurance. Manager shall maintain commercial general liability insurance with coverage in an amount not less than $1,000,000 per occurrence, $2,000,000 general aggregate, for bodily injury, personal injury, and property damage. The policy must include contractual liability that has not been amended.

11.1.2. Automobile liability insurance. Manager shall maintain automobile insurance covering bodily injury and property damage for all activities of the Manager arising out of or in connection with Services to be performed under this MOU, including coverage for any owned, hired, non-owned or rented vehicles, in an amount not less than $1,000,000 combined single limit for each accident.

11.1.3. Worker’s Compensation insurance. Manager shall maintain Worker’s Compensation Insurance and Employer’s Liability Insurance as required by the State of California, with limits of at least $1,000,000 per accident for bodily injury or disease.

11.1.4. Professional liability (errors & omissions) insurance. Manager shall maintain professional liability insurance that covers the Services to be performed in connection with this MOU, in the minimum amount of $1,000,000 per claim and in the aggregate. Any policy inception date, continuity date, or retroactive date must be before the effective date of this MOU and Manager agrees to maintain continuous coverage through a period no less than three (3) years after completion of the services required by this MOU.

11.2 General Insurance Requirements.

11.2.1. Proof of insurance. Manager shall provide certificates of insurance to City as evidence of the insurance coverage required herein, along with a waiver of subrogation endorsement for Workers’ Compensation. Insurance certificates and endorsements must be approved by City’s Risk Manager prior to commencement of performance. Current certification of insurance shall be kept on file with City at all times during the term of this MOU. City reserves the right to require complete, certified copies of all required insurance policies, at any time.

11.2.2. Duration of coverage. Manager shall procure and maintain for the duration of this MOU, insurance against claims for injuries to persons or damages to property, which may arise from or in connection with the performance of the Services hereunder by Manager, its agents, representatives, employees or subconsultants.

11.2.3. Primary/noncontributing. Coverage provided by Manager shall be primary and any insurance or self-insurance procured or maintained by City shall not be required to contribute with it. The limits of insurance required herein may DocuSign Envelope ID: F39E6199-FEE1-45F9-89CA-FECE23B65BE0 9 be satisfied by a combination of primary and umbrella or excess insurance.

Any umbrella or excess insurance shall contain or be endorsed to contain a provision that such coverage shall also apply on a primary and noncontributory basis for the benefit of City before the City’s own insurance or self-insurance shall be called upon to protect it as a named insured.

11.2.4. Additional insured status. General liability and Automobile Liability policies shall provide or be endorsed to provide that City and its officers, officials, employees, and agents, and volunteers shall be additional insureds under such policies. This provision shall also apply to any excess/umbrella liability policies.

11.2.5. Waiver of subrogation. All insurance coverage maintained or procured pursuant to this MOU shall be endorsed to waive subrogation against City, its elected or appointed officers, agents, officials, employees and volunteers or shall specifically allow Manager or others providing insurance evidence in compliance with these specifications to waive their right of recovery prior to a loss. Manager hereby waives its own right of recovery against City and shall require similar written express waivers and insurance clauses from each of its subconsultants.

11.2.6. Acceptable insurers. All insurance policies shall be issued by an insurance company currently authorized by the Insurance Commissioner to transact business of insurance or that is on the List of Approved Surplus Line Insurers in the State of California, with an assigned policyholders’ Rating of A- (or higher) and Financial Size Category Class VI (or larger) in accordance with the latest edition of Best’s Key Rating Guide, unless otherwise approved by the City’s Risk Manager.

11.2.7. Notice of cancellation. Manager agrees to oblige its insurance agent or broker and insurers to provide to City with a thirty (30) day notice of cancellation (except for nonpayment for which a ten (10) day notice is required) or nonrenewal of coverage for each required coverage.

11.2.8. Separation of insureds. A severability of interests provision must apply for all additional insureds ensuring that Manager’s insurance shall apply separately to each insured against whom claim is made or suit is brought, except with respect to the insurer’s limits of liability. The policy(ies) shall not contain any cross-liability exclusions.

11.2.9. Self-insured retentions. Any self-insured retentions must be declared to and approved by City. City reserves the right to require that self-insured retentions be eliminated, lowered, or replaced by a deductible. Selfinsurance will not be considered to comply with these specifications unless approved by City.

11.2.10. Timely notice of claims. Manager shall give City prompt and timely notice of claims made or suits instituted that arise out of or result from Manager’s performance under this MOU, and that involve or may involve coverage under any of the required liability policies.

DocuSign Envelope ID: F39E6199-FEE1-45F9-89CA-FECE23B65BE0 10 11.2.11. Additional insurance. Manager shall also procure and maintain, at its own cost and expense, any additional kinds of insurance, which in its own judgment may be necessary for its proper protection and prosecution of the work.

11.3 All Activities performed by the District shall be covered under City’s umbrella insurance in instances where a Special Event Application, pursuant to GMC Chapter 5.32, is submitted by Manager and a Special Event Permit is issued by the City, as specified in Section 7.11 of this MOU.

Section 12. REPORTS AND AUDITS

12.1. Monthly Financial Report. Manager shall, in accordance with GAAP, complete a Monthly Financial Report and submit to City for each month during the Term. The Monthly Financial Report shall summarize expenses, revenue, and fund balance (including the balance of the Reserve Funds). Manager shall maintain all Records for all transactions. Each Monthly Financial Report shall be prepared by Manager and submitted to City in accordance with the requirements of EXHIBIT A attached to this MOU.

12.2. Annual Performance Report. Manager shall submit an annual performance report to City for each Fiscal Year during the Term summarizing the Manager’s Activities performed during the applicable Fiscal Year and detailing the Manager’s revenue and expenditures during the applicable Fiscal Year (each, an “Annual Performance Report”). Each Annual Performance Report shall be delivered to City and posted to the District Website within 90 days after the end of each Fiscal Year.

12.3. Annual Budget. On or before each January 1 during the Term, Manager shall deliver a draft Budget for the immediately following Fiscal Year to City. On or before each January 31 during the Term, Manager shall deliver a final Budget (the “Budget”) for the immediately following Fiscal Year to City. Each draft and final Budget shall include: (a) budgeted amounts; (b) narrative describing the proposed Activities within the District during the applicable Fiscal Year; (c) the estimated costs, by category, of performing all Activities planned for the applicable Fiscal Year; (d) any estimated amount of surplus or deficit in Assessments (anticipated to be held by Manager, and separately, any unreconciled Assessments anticipated to be held by Manager) to be carried over from the then current Fiscal Year into the immediately following Fiscal Year; (e) any anticipated Other Revenue to be received by Manager in the immediately following Fiscal Year that will be expended on Activities; and (f) an itemization of the amount of money held in the Reserve Fund and any need for the use of Reserve Funds toward District Activities for the upcoming Fiscal Year. Each Budget shall be formatted using a template provided by the City.

12.4. Audit. Manager shall prepare and submit to the City an audit or financial review conducted in accordance with GAGAS within 180 days after the end of each Fiscal Year. City, at its sole discretion, reserves the right to require an annual audit. Manager shall submit a copy of each and any management letters issued by the auditor for each such audit or financial review to City within 180 days after the end of the applicable Fiscal Year. If Manager is subject to an audit from a source other than City, Manager shall provide a copy of the audit to City within thirty (30) calendar days after receipt. Manager shall provide in any agreement it enters into with an audit firm for performance of any and all audits referenced in this MOU that the audit firm shall provide City access to the working papers of the auditor(s) who prepare(s) the audit(s), that Manager waives any claim of privilege or confidentiality regarding, and consents to and authorizes the audit firm to release to City, any and all information obtained or utilized by such audit firm as the basis of any audit report issued by DocuSign Envelope ID: F39E6199-FEE1-45F9-89CA-FECE23B65BE0 11 the audit firm. Manager shall utilize the City’s audit firm in exchange for the reimbursement of the cost of services.

12.5. Adverse Audit Findings. If any type of audit or monitoring review reveals any pattern of suspicious or questionable financial activity by Manager or District, the City, in its sole and absolute discretion, shall have the right to immediately suspend this MOU, in whole or in part, to further investigate such matter or pursue any other rights or remedies for such Default available to the City under this MOU, at law or in equity.

12.6. Cooperation. Manager shall fully cooperate with the City and any other auditors in any review or investigation of the Manager’s conduct or action(s) relating to this MOU or money received under this MOU.

Section 13. RECORDS
Manager acknowledges and agrees that because Manager will be expending and holding public funds in the form of Assessments, Other Revenue, and Reserve Funds under this Agreement, all Records produced by or on behalf of Manager relating to this Agreement, Activities, Assessments, Other Revenue, or Reserve Funds are subject to the California Public Records Act, California Government Code sections 6250-6276.48.

13.1. Ownership of Records. The work product prepared or acquired by Manager pursuant to this Agreement including, but not limited to, any and all Records, documents, memoranda, agreements, plans, reports, and materials shall be and shall remain the property of the City and the District for the exclusive use of the District. No Records shall be shown to any other Person, except as authorized by the City in writing, or where such Records are subject to disclosure under the California Public Records Act or other Law, as determined by the City Attorney of the City.

13.2. Maintenance, Inspection and Photocopying. Manager and its subcontractors shall maintain all Records during the Term and the Retention Period (defined in Section 13.3). All Records shall be kept at the Manager’s regular place of business in the City of Glendora. At any time during normal business hours and as often as requested, Manager shall make available to the City or any of City’s authorized representatives, all Records for the purposes of review, auditing and copying. The Manager shall pay for the costs of any audit performed by, or at, the direction of the City.

13.3. Records Retention Period. Manager shall maintain Records for at least three (3) years after expiration or termination of this MOU and Manager performing all of its obligations under Section 19 (“Retention Period”). At all times during the Retention Period, Manager shall permit City or any of City’s authorized representatives to inspect and photocopy any and all Records. After expiration of the Retention Period, Manager shall provide City with thirty (30) days’ Notice of its intent to dispose of any Records. Manager shall provide any and all Records to City upon Notice from City requesting the Records during this thirty (30) day time period.

Section 14. CONFIDENTIALITY
Manager agrees that all information gained in the performance of this MOU, shall be considered confidential, unless such information is in the public domain. Manager shall not release or disclose any such information to any Person, other than the City, without prior written authorization from City. Confidential documentation should be kept in a secure location.

DocuSign Envelope ID: F39E6199-FEE1-45F9-89CA-FECE23B65BE0 12 Section 15. ASSIGNMENT AND ASSUMPTION
City and Manager shall not assign any of its interest or obligations under this MOU to any other party without the prior written consent of the other. Any attempt by Manager to assign or transfer its rights or obligations without such prior written consent shall be null and void and may, at the option of City, automatically terminate this MOU.

Section 16. INDEMNIFICATION

16.1. Manager agrees to, and shall defend, indemnify, protect and hold harmless the City, its elective and appointive boards, officers, officials, employees, agents and volunteers (collectively, the “Indemnified Parties”) from and against, and will hold and save them and each of them harmless from, any and all actions, either judicial, administrative, arbitration or regulatory claims, damages to persons or property, losses, costs, penalties, obligations, errors, omissions or liabilities whether actual or threatened (herein “claims or liabilities”) that may be asserted or claimed by any Person, firm or entity arising out of or in connection with the negligent performance of the terms binding upon Manager set forth herein or any activities or obligations contemplated herein of Manager, its officers, employees, agents, subcontractors, invitees, or any individual or entity for which Manager is legally liable (“indemnitors”), or arising from Manager’s or indemnitors’ reckless or willful misconduct, or arising from Manager’s or indemnitors’ negligent performance of or failure to perform any term, provision, covenant or condition of this MOU, except claims or liabilities occurring as a result of City’s sole negligence or willful acts or omissions. The provisions of this paragraph shall survive the termination of this MOU.

16.2. City agrees to, and shall defend, indemnify, protect and hold harmless Manager, its elective and appointive board, officers, officials, employees, agents and volunteers (“Manager Indemnitees”) from and against any and all claims, demands, losses, defense costs, fines, penalties, expenses, causes of action and judgements at law or in equity of any kind of nature which Manager and/or any Manager Indemnitees may sustain or incur or which may be imposed upon them due to City’s failure to perform any term, provision, or covenant set forth in this MOU, except for any claims or liabilities of Manager set forth in Section 16.1 above. The provisions of this paragraph shall survive the termination of this MOU.

16.3. The Parties recognize that over a period of time, specific duties and responsibilities may change due to alteration in law and/or policies. As such, the Chamber President/CEO and City Manager (or such person as may be designated by the City Manager), shall meet at least annually to discuss any changes needed in the scope of this MOU. Any changes must be agreed upon mutually by both Parties. There shall be no change in the financial contribution due to Manager unless the City Council approves of same.

SECTION 17. MODIFICATION
Modifications of this MOU shall be made by mutual consent of the Parties, by the issuance of written modification, signed and dated by both parties, prior to any changes being made.

SECTION 18. NOTICES
All Notices given hereunder shall be provided (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 email, so long as written notice is concurrently provided by mail, overnight delivery, or personal delivery; or (iv) by mailing the same by registered or certified US mail, return receipt requested. A Notice shall be effective as follows: (a) if by personal delivery on the date of DocuSign Envelope ID: F39E6199-FEE1-45F9-89CA-FECE23B65BE0 13 delivery if personally delivered before 5:00 p.m. prevailing local time, otherwise on the day following personal delivery; (b) if by e-mail on the date of delivery if delivered before 5:00 p.m. prevailing local time, otherwise on the day following delivery, (c) if mailed, two (2) business days following the date the notice is postmarked, or (d) if sent by overnight courier, on the day following delivery to the overnight courier.

City of Glendora Glendora Chamber of Commerce
Attn: Community Development Director Attn: President & CEO 116 E. Foothill Blvd. 224 N. Glendora Ave.

Glendora, CA 9174 Glendora, CA 91741
Email: [email protected] Email: [email protected] SECTION 19. DEFAULT; TERMINATION

19.1 Default; Termination Rights. In the event that Manager is in Default under the terms of this MOU, the City shall not have any obligation or duty to continue compensating Manager for any work performed after the date of Default (including any Management Fee). In the event of such Default, the City may give Notice to Manager of the Default and the reasons for the Default. If Manager fails to remedy the Default within five (5) business days following receipt of Notice from the City, then the City may terminate this MOU immediately, and/or remedy such deficiency and, within ten (10) days following delivery to Manager of written demand, which shall include reasonable documentation, Manager shall reimburse the City, for one hundred ten percent (110%) of any actual costs incurred by the City for curing such Default.

During the period of time that Manager is in Default, the City shall hold all invoices / payments otherwise due to Manager.

19.2 Termination for Convenience. During the Term of this MOU, the Manager or City may terminate this MOU upon ninety (90) days prior written notice (the “Notice of Termination”).

The Notice of Termination shall specify the date upon which such termination becomes effective.

19.3 If this MOU expires or is terminated, Manager shall complete any and all additional work necessary for the orderly filing of documents and closing of Manager’s performance of its obligations under this MOU, including delivering to City on or before the expiration or termination date of this MOU: (a) all Records, work product, leases, and agreements prepared or completed in connection with, or related to, Manager’s performance under this MOU; (b) all Assessments, accounts receivable attributable to the use of Assessments, Other Revenue, all Reserve Funds, and any other assets of the District; and (c) the final Annual Report covering the last Fiscal Year during the Term or applicable portion of such Fiscal Year.

SECTION 20. MISCELLANEOUS
No officer or employee of the City shall be personally liable to Manager, or any successor in interest, in the event of any default or breach by the City or for any amount, which may become due to the Manager or to its successor, or for breach of any obligation of the terms of this Agreement.

It is understood that there are no oral agreements between the Parties hereto affecting this Agreement and this Agreement supersedes and cancels any and all previous negotiations, arrangements, agreements and understandings, if any, between the Parties, and none shall be used to interpret this Agreement. This Agreement may be amended at any time by the mutual consent of the Parties by an instrument in writing.

DocuSign Envelope ID: F39E6199-FEE1-45F9-89CA-FECE23B65BE0 14 If either Party to this Agreement is required to initiate or defend or made a party to any action or proceeding in any way connected with this Agreement, the prevailing party in such action or proceeding, in addition to any other relief which any be granted, whether legal or equitable, shall be entitled to reasonable attorney’s fees, whether or not the matter proceeds to judgment.

This Agreement may be executed in counterparts, each of which shall be deemed to be an original, and such counterparts shall constitute one and the same instrument. Each of the Parties intend to be bound by the signatures on any telecopied, .pdf or other electronically delivered document, and are aware that the other Party will rely on the telecopied, .pdf or other electronically delivered signatures, and hereby waive any defenses to the enforcement of the terms of this Agreement based on the form of signature.

The persons executing this Agreement on behalf of the Parties hereto warrant that (i) such Party is duly organized and existing, (ii) they are duly authorized to execute and deliver this Agreement on behalf of said Party, (iii) by so executing this Agreement, such Party is formally bound to the provisions of this Agreement, and (iv) the entering into this Agreement does not violate any provision of any other Agreement to which said Party is bound. This Agreement shall be binding upon the heirs, executors, administrators, successors and assigns of the Parties.

SECTION 21. PRINCIPAL CONTACTS
The principal contacts for this MOU are:

For City of Glendora:

Adam Raymond, City Manager
City of Glendora
116 E. Foothill Blvd.

Glendora, CA 91741
(626) 914-8201
Jeff Kugel, Community Development Director
City of Glendora
116 E. Foothill Blvd.

Glendora, CA 91741
(626) 914-8214
For Glendora Chamber of Commerce:

Joe Cina, President / CEO
Chamber of Commerce
224 N. Glendora Ave.

Glendora, CA 91741
(626) 963-4128
[SIGNATURE PAGE FOLLOWS]
DocuSign Envelope ID: F39E6199-FEE1-45F9-89CA-FECE23B65BE0 1 IN WITNESS WHEREOF, the Parties hereto have executed this MOU as of the Effective Date set forth above.

City of Glendora Glendora Chamber of Commerce
By: By:

Adam Raymond
City Manager
Joe Cina
President/CEO
Date: Date:

Approved as to Form:

Aleshire & Wynder, LLP
Danny Aleshire, City Attorney
Attest:

Kathleen R. Sessman
City Clerk
DocuSign Envelope ID: F39E6199-FEE1-45F9-89CA-FECE23B65BE0 Jul 3, 2024 | 1:55 PM PDT Jun 19, 2024 | 9:53 AM PDT
01240.0002/988229.3 2 | P a g e

EXHIBIT A

ASSESSMENT DISBURSEMENT AND MONTHLY REPORTING PROCEDURES During the first two business days of each month, the City’s Community Development Director, or his/her designee, shall determine the Assessments posted into the District account during the immediately preceding month. The City’s Community Development Director, or his/her designee, shall submit a payment request to the City’s Finance Division for that amount within ten (10) business days and include a copy of the “invoice” document specifying the relevant approved resolution and agreement authorizing the monthly disbursement. The amount to be disbursed in a particular month shall be provided to Manager within the first five (5) business days of that month. The
City’s Finance Division shall review the request and, if appropriate, release the payment within thirty (30) days after the first business day of each month.

Manager shall establish and maintain a separate bank account for deposits and accounting of Assessment disbursements and Other Revenue associated with the District.

Manager is required to register with City for the ACH payment program. Once the payment request is authorized by City’s Finance Division, ACH payments are generally deposited into the receiving bank account within two to three business days, but City does not guarantee deposits in any particular time period.

Manager shall submit a Monthly Financial Report to City for each month during the Term on or before the 25th day of the following month.

Only Activity expenses in the Budget may be submitted with a Monthly Financial Report to document use of Assessments. Failure to submit a Monthly Financial Report on or before its due date will result in all future Assessment disbursements being stopped, until all overdue Monthly Financial Reports are received by City and determined to be in compliance with the requirements of this MOU.

DocuSign Envelope ID: F39E6199-FEE1-45F9-89CA-FECE23B65BE0 Certificate Of Completion
Envelope Id: F39E6199FEE145F989CAFECE23B65BE0 Status: Completed Subject: For Your Signature: MOU - Chamber of Commerce (06.25.2024) Source Envelope:

Document Pages: 16 Signatures: 4 Envelope Originator:

Certificate Pages: 5 Initials: 0 Desiree Valdivia
AutoNav: Enabled
EnvelopeId Stamping: Enabled
Time Zone: (UTC-08:00) Pacific Time (US & Canada)
116 E Foothill Blvd
Glendora, CA 91741
[email protected]
IP Address: 173.196.201.130
Record Tracking
Status: Original
6/17/2024 12:12:02 PM
Holder: Desiree Valdivia
[email protected]
Location: DocuSign
Signer Events Signature Timestamp
Joe Cina
[email protected]
Security Level: Email, Account Authentication
(None)
Signature Adoption: Pre-selected Style
Using IP Address: 47.150.247.186
Sent: 6/17/2024 12:19:13 PM
Viewed: 6/19/2024 9:53:10 AM
Signed: 6/19/2024 9:53:47 AM
Electronic Record and Signature Disclosure:

Accepted: 6/19/2024 9:53:10 AM
ID: 6b4de574-749d-470b-a624-dba3ed96a5cc
Danny Aleshire
[email protected]
Security Level: Email, Account Authentication
(None)
Signature Adoption: Pre-selected Style
Using IP Address: 50.112.162.3
Sent: 6/19/2024 9:53:49 AM
Viewed: 6/19/2024 10:06:58 AM
Signed: 6/19/2024 10:07:05 AM
Electronic Record and Signature Disclosure:

Accepted: 2/9/2023 10:45:54 AM
ID: 8f7b67a5-3822-4218-9d26-bc44a71d606a
Adam Raymond
[email protected]
City Manager
Security Level: Email, Account Authentication
(None) Signature Adoption: Pre-selected Style
Using IP Address: 173.196.201.130
Sent: 7/3/2024 9:46:32 AM
Viewed: 7/3/2024 1:55:28 PM
Signed: 7/3/2024 1:55:36 PM
Electronic Record and Signature Disclosure:

Accepted: 7/3/2024 1:55:28 PM
ID: b49a8f2c-618d-4501-a8ce-ee2b319bcd1e
Kathleen Sessman
[email protected]
City of Glendora
Security Level: Email, Account Authentication
(None) Signature Adoption: Pre-selected Style
Using IP Address: 173.196.201.130
Sent: 7/3/2024 1:55:38 PM
Viewed: 7/3/2024 2:43:15 PM
Signed: 7/3/2024 2:43:34 PM
Electronic Record and Signature Disclosure:

Not Offered via DocuSign
In Person Signer Events Signature Timestamp
Editor Delivery Events Status Timestamp
Agent Delivery Events Status Timestamp
Intermediary Delivery Events Status Timestamp
Certified Delivery Events Status Timestamp
Desiree Valdivia
[email protected]
Office Coordinator
City of Glendora
Security Level: Email, Account Authentication
(None)
Using IP Address: 174.218.122.202
Viewed using mobile
Sent: 6/19/2024 10:07:07 AM
Viewed: 7/3/2024 9:46:32 AM
Electronic Record and Signature Disclosure:

Not Offered via DocuSign
Carbon Copy Events Status Timestamp
Alycia Suniga
[email protected]
Security Level: Email, Account Authentication
(None)
Sent: 6/19/2024 10:07:07 AM
Viewed: 6/19/2024 2:17:34 PM
Electronic Record and Signature Disclosure:

Not Offered via DocuSign
Alycia Suniga
[email protected]
Security Level: Email, Account Authentication
(None)
Sent: 7/3/2024 2:43:36 PM
Electronic Record and Signature Disclosure:

Not Offered via DocuSign
City Clerk Group
[email protected]
Security Level: Email, Account Authentication
(None)
Sent: 7/3/2024 2:43:36 PM
Viewed: 7/3/2024 4:00:58 PM
Electronic Record and Signature Disclosure:

Accepted: 7/13/2023 4:31:33 PM
ID: c7b776f5-d48e-4f6e-81b8-a4deb62350e6
Witness Events Signature Timestamp
Notary Events Signature Timestamp
Envelope Summary Events Status Timestamps
Envelope Sent Hashed/Encrypted 6/17/2024 12:19:13 PM
Certified Delivered Security Checked 7/3/2024 2:43:15 PM Signing Complete Security Checked 7/3/2024 2:43:34 PM
Completed Security Checked 7/3/2024 2:43:36 PM
Payment Events Status Timestamps
Electronic Record and Signature Disclosure

UPDATE OF UNSCHEDULED VACANCIES ON
BOARD OF LIBRARY TRUSTEES, OFFICE NO. 2
AND WATER COMMISSION, OFFICE NO. 3
CITY CLERK’S OFFICE

CITY COUNCIL
MARCH 25, 2025

ROXANNE BRECEDA, DEPUTY CITY CLERK/RECORDS MANAGER

OVERVIEW
The City Clerk’s Office received two resignations.

Resignations Board / Commission Office No. Resignation Date Term Expires Marianne Cintron Board of Library Trustees 2 February 18, 2025 6/30/2027 Michael Holmes Water Commission 3 March 17, 2025 6/30/2025 • A Notice of Unscheduled Vacancy was posted to the City bulletin boards, website, and advertised in the San Gabriel Valley Examiner with the application deadline of Thursday, March 20, 2025.
• At the close of the application period, one new application was received, and two previously qualified applicants with applications on file have confirmed their interest.

BOARD OF LIBRARY TRUSTEES

QUALIFIED APPLICANTS FOR
BOARD OF LIBRARY TRUSTEE, OFFICE NO. 2
Applicants Status
Marsha Mason On File
Madison Trammel On File
Anna Villeneuve New
Option 1: Direct staff to schedule interviews with existing applicants.

Option 2: If additional applications are desired, direct staff to extend application deadline to April 8, 2025.

Option 3: Provide direction to staff.

OPTIONS

BOARD OF LIBRARY TRUSTEES
• A Notice of Unscheduled Vacancy for the Water Commission has been prepared for publication, however since the term expires on June 30, 2025.
• Staff recommends postponing the appointment for Office No. 3 until the annual recruitment process is conducted which will begin shortly.
• Staff contacted the sole qualified applicant on file, who declined to serve at this time.

WATER COMISSION
Option 1: Direct staff to postpone recruitment to fill unscheduled vacancy on the Water Commission, Office No. 3 until the annual recruitment is conducted.

Option 2: Direct staff to open recruitment to fill unscheduled vacancy on the Water Commission.

Option 3: Provide direction to staff.

OPTIONS

WATER COMMISSION

RECOMMENDATION
That the City Council:

1. Provide direction to staff on the unscheduled vacancy on the Board of Library Trustees (Office No. 2; Term ending June 30, 2027) and on the Water Commission (Office No. 3; Term ending June 30, 2025).

Board of Library Trustees:

Option 1: Direct staff to schedule interviews with existing applicants.

Option 2: If additional applications are desired, direct staff to extend application deadline to April 8, 2025.

Option 3: Provide direction to staff.

Water Commission:

Option 1: Direct staff to postpone recruitment to fill unscheduled vacancy on the Water Commission, Office No. 3 until the annual recruitment is conducted.

Option 2: Direct staff to open recruitment to fill unscheduled vacancy on the Water Commission.

Option 3: Provide direction to staff.

STAFF REPORT
TO: Mayor and Council Members DATE: March 25, 2025
FROM: Police Department DISTRICT(S): Citywide
SUBJECT: Approve State Homeland Security Program Subrecipient Agreement for Grant Year 2021 with the County of Los Angeles and an Agreement with Flock Group, Inc for additional Automated License Plate Readers

RECOMMENDATION
That the City Council:

1. Approve the 2021 State Homeland Security Program Subrecipient Agreement with County of Los Angeles; and

2. Approve a two-year agreement with Flock Group, Inc., for the use of eleven (11) additional automated license plate readers in the amount of $104,450.

3. Approve an increase in estimated revenues and a supplemental appropriation in the FY2024-25 Midcycle Budget from Grant Funds 280 in the amount of $72,000.

STRATEGIC FOCUS AREAS
Goal 3: Enhance Employee Development and Retention (EEDR) Option

EXECUTIVE SUMMARY
The State Homeland Security Grant Program (SHSGP) was created to support the acquisition of specialized equipment aimed at improving event and incident management while enhancing Law Enforcement’s capacity to disrupt, deter, respond to, and recover from terrorist activities. The City of Glendora was awarded funding in the amount of $72,000 through the SHSGP for the enhancement of public safety infrastructure. Among the approved equipment for lease under this grant is the Automated License Plate Readers (ALPR) system (03OE-01-ALPR). ALPR systems can be fixed, portable, or vehiclemounted and utilize imaging technology combined with optical character recognition software to capture and process license plate information.

Modern law enforcement practices incorporate technology to enhance efficiency in serving the community, with ALPR being a key tool. ALPR technology enables law enforcement to monitor most of the City's access points using cameras that notify officers of stolen vehicles, individuals with criminal arrest warrants, missing or endangered individuals who are linked to vehicles. These cameras provide officers with valuable crime-fighting tools through more efficient use of personnel.

The City of Glendora has partnered with Flock since 2021. FLOCK cameras provide automated license plate recognition (ALPR) technology, enhancing law enforcement’s ability to monitor and investigate criminal activity effectively. This system has proven instrumental in crime prevention and resolution, making it a valuable investment for the community’s safety. To maximize the impact of the SHSGP funds, staff recommends utilizing the grant award for the expansion of the FLOCK camera system throughout the City.

LEGISLATIVE HISTORY / PREVIOUS ACTIONS
On May 25, 2021, the City Council approved entering into a two-year agreement to implement the ALPR systems in the City of Glendora.

On December 12, 2023, City Council approved entering into a Five-Year Master Services Agreement with Flock to continue use of Flock ALPR systems in the City.

DISCUSSION
The City of Glendora was awarded funding through the SHSGP for the enhancement of public safety infrastructure in the amount of $72,000. The initial project focused on law enforcement bollards. Costs for this project exceeded $300,000, far surpassing the grant award. To maximize the impact of the SHSGP funds, staff recommends utilizing the grant award for the expansion of the FLOCK camera system throughout the City. The City of Glendora has partnered with Flock since 2021, strategically deploying 30 cameras throughout the city. FLOCK cameras provide automated license plate recognition (ALPR) technology, enhancing law enforcement’s ability to monitor and investigate criminal activity effectively. This system has proven instrumental in crime prevention and resolution, making it a valuable investment for the community’s safety.

Ensuring efficient and effective law enforcement services remains a top priority for the City of Glendora. Deploying stationary cameras capable of identifying stolen vehicles, individuals with criminal arrest warrants linked to license plates, suspect vehicles, and other investigations with known vehicle, is a vital tool in modern crime prevention and community caretaking.

One key advantage of Flock technology is its role in combating “burglary crews” from outside the city — groups that break into homes and vehicles, targeting the community. These criminals often use stolen vehicles to conceal their identities while committing crimes. By identifying stolen vehicles and intercepting or apprehending suspects as they enter Glendora, law enforcement can significantly reduce the likelihood of criminal activity. Additionally, this technology supports criminal investigations and other non-criminal investigations, such as missing persons cases.

Flock technology is designed to detect and capture specific vehicle-related data, including:

License Plates – Identifying and recording alphanumeric plate information.

Vehicles – Detecting the presence of a vehicle and associated characteristics.

To protect privacy and avoid misuse, Flock does not detect, record, or analyze the following:

Facial Recognition – The system does not identify individuals through facial imaging.

People – It does not track pedestrians or human movement.

Gender & Race – No biometric or demographic profiling is conducted.

Prohibited Uses
Flock data and services are restricted from being used for:

Immigration Enforcement – The system cannot be utilized for identifying or tracking individuals based on immigration status or shared with immigration officials.

Commercial Purposes – Data cannot be used for marketing, advertising, or business-related activities.

Non-Law Enforcement Use – Agencies must ensure that all searches and data access are directly related to active law enforcement investigations.

Personal Use – Individuals, including law enforcement personnel, are prohibited from using the system for personal inquiries.

Other Unauthorized Activities – Any actions that violate applicable laws, regulations, or agency policies are strictly prohibited.

In 2024, the Glendora Police Department utilized Flock technology in 53 cases to identify potential suspect vehicles, aiding in investigations and enhancing public safety efforts. The system has already been employed in eight cases to date in 2025, demonstrating its continued role in assisting law enforcement with identifying vehicles connected to criminal activity. By leveraging Flock’s advanced data capabilities, officers can efficiently gather critical information while ensuring compliance with legal and privacy regulations.

As a Flock Safety customer, the Police Department for the City of Glendora has access to camera networks in other cities, expanding our investigative reach by allowing investigators to search databases for vehicles linked to cases in our community.

Flock’s closed network is comprised of over 155 law enforcement agencies between Los Angeles, Orange, and Riverside Counties. For example, a neighboring city with Flock technology assisted our Police Department in a missing person investigation in Glendora. The system captured the missing person’s vehicle entering the neighboring city, providing crucial information that helped investigators in their efforts to locate the individual.

Flock enables secure and controlled data sharing with partner agencies on a case-by-case basis, ensuring that all users adhere to standardized access regulations and regular audits. To maintain data integrity and security, any violations of these regulations may result in the suspension or revocation of an agency’s access to the system. Data access is strictly governed by a right-to-know and need-to-know basis, requiring a valid and documented search reason. These measures help ensure that data is used responsibly and solely for legitimate purposes. Additionally, all data is managed under strict policy guidelines and will never be sold, shared, or distributed to external third parties.

The Glendora Police Department’s Detective Bureau will evaluate and determine the locations of these 11 cameras to best maximize our system coverage.

Flock is the sole manufacturer and developer of the Flock Safety Camera. Flock is the only company that that is compatible for expansion with our current system as it is propriety software. They offer ALPR services through a leasing model, which features an all-inclusive cost structure, covering both equipment and ongoing services without additional expenses.

FISCAL IMPACT
This proposed agreement will be funded using the Homeland Security Grant in Grant Fund 280. The increase in estimated revenues and supplemental appropriation in the amount of $72,000 will cover year one of the agreement including the implementation and subscription costs of $71,050. The second-year subscription cost of $33,400 will be addressed during the FY2025-27 Two-Year Budget in the Information Technology Fund 553 consistent with existing Flock subscription costs.

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

Prepared By Marc S. Archibald, Community Services Supervisor 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. Subrecipient Agreement – SHSGP GY2021
B. Flock Master Services Agreement with Exhibits
C. Sole Source Letter
D. Presentation
Attachments
A. Subrecipient Agreement - SHSGP GY2021.pdf
B. Flock Master Service Agreement with Exhibits.pdf
C. Sole Source Letter.pdf
D. Presentation.pdf
State Homeland Security Program
Subrecipient Agreement
Grant Year 2021
Between the
County of Los Angeles
and the
City of Glendora
Docusign Envelope ID: 86CAF246-4543-4D62-BF04-3E353D45E3F0

SUBRECIPIENT AGREEMENT

BETWEEN THE

COUNTY OF LOS ANGELES

AND THE

CITY OF GLENDORA
THIS AGREEMENT ("Agreement") is made and entered into by and between the County of Los Angeles, a political subdivision of the State of California (the “County of Los Angeles”), and the City of Glendora, a public agency (the “Subrecipient”).

W I T N E S S E T H
WHEREAS, the U.S. Department of Homeland Security Title 2 Code of Federal Regulations (CFR) through the Office of Grants and Training (G&T), has provided financial assistance for the State Homeland Security Program (SHSP), Assistance Listings Number (formerly Catalog of Federal Domestic Assistance Number ) 97.067 – Homeland Security Grant Program directly to the California Governor’s Office of Emergency Services (Cal OES) for the 2021 SHSP, Federal Award Identification No. 037-00000 Federal Award dated October 27, 2021 with a performance period of September 1, 2021 to May 31, 2024. This Federal Award is not a R&D award; and WHEREAS, the Cal OES provides said funds to the County of Los Angeles, Unique Entity ID (UEI) #MKQ9AQH7R2S5, as its Subgrantee, and the Chief Executive Office (CEO) is responsible for managing and overseeing the SHSP funds that are distributed to other specified jurisdictions within Los Angeles County; and WHEREAS, this financial assistance is being provided to the Subrecipient in order to address the unique equipment, training, organization, exercise and planning needs of the Subrecipient, and to assist the Subrecipient in building effective prevention and protection capabilities to prevent, respond to, and recover from threats or acts of terrorism; and
WHEREAS, the County of Los Angeles as Subgrantee has obtained approval of the 2021 SHSP grant from Cal OES in the total amount of $10,192,647.00; and WHEREAS, the CEO now wishes to distribute 2021 SHSP grant funds to the Subrecipient in the amount of $72,000.00, as further detailed in this Agreement; and WHEREAS, the CEO is authorized to enter into subrecipient agreements with cities providing for re-allocation and use of these funds; and to execute all future amendments, modifications, extensions, and augmentations relative to the subrecipient agreements, as necessary; and
WHEREAS, the County of Los Angeles and Subrecipient are desirous of executing this Agreement, and the County of Los Angeles Board of Supervisors on July 12, 2022 authorized the CEO to prepare and execute this Agreement.

Docusign Envelope ID: 86CAF246-4543-4D62-BF04-3E353D45E3F0

NOW, THEREFORE, the County of Los Angeles and Subrecipient agree as follows:

SECTION I

INTRODUCTION
§101. Parties to this Agreement
The parties to this Agreement are:

A. County of Los Angeles, a political subdivision of the State of California, having its principal office at Kenneth Hahn Hall of Administration, 500 West Temple Street, Los Angeles, CA 90012; and
B. City of Glendora, a public agency, having its principal office at .
§102. Representatives of the Parties and Service of Notices A. The representatives of the respective parties who are authorized to administer this Agreement and to whom formal notices, demands and communications must be given are as follows:

1. The representative of the County of Los Angeles is, unless otherwise stated in this Agreement:

Craig Hirakawa, HSGP Grants Director
Chief Executive Office, LAC
500 West Temple Street, Room 796
Los Angeles, CA 90012
Phone: (213) 974-1127
Fax: (213) 687-3765
[email protected]
Jimmy Nguyen
Chief Executive Office, LAC
500 West Temple Street, Room 796
Los Angeles, CA 90012
Phone: (213) 262-7902
Fax: (213) 687-3765
[email protected]
116 E. Foothill Blvd., Glendora, CA 91741
Docusign Envelope ID: 86CAF246-4543-4D62-BF04-3E353D45E3F0

2. The representative of Subrecipient is:

Name and Title:

Organizational UEI
Number:

Address:

City/State/Zip:

Phone:

FAX:

Email:

With a copy to:

Name and Title:

Address:

City/State/Zip:

Phone:

FAX:

Email:

B. Formal notices, demands and communications to be given hereunder by either party must be made in writing and may be effected by personal delivery, regular U.S. Postal mail service and/or e-mail. In the event of personal delivery or email, the message will be deemed communicated upon receipt by the County of Los Angeles. In the event of mail service, the message will be deemed communicated as of the date of mailing.

C. If the name and/or title of the person designated to receive the notices, demands or communications or the address of such person is changed, written notice must be given, in accord with this section, within five (5) business days of said change.

Mike Randazzo, Chief of Police
076191600
150 S. Glendora Ave.

Glendora, CA 91741
626.914.8250 ext. 262
626.914.8211
[email protected]
Marc Archibald, Support Services Supervisor
150 S. Glendora Ave.

Glendora, CA 91741
626.914.8265 ext. 265
626.914.8211
[email protected]
Docusign Envelope ID: 86CAF246-4543-4D62-BF04-3E353D45E3F0

§103. Independent Party
Subrecipient is acting hereunder as an independent party, and not as an agent or employee of the County of Los Angeles. An employee of Subrecipient is not, and will not be deemed, an employee of the County of Los Angeles by virtue of this Agreement, and Subrecipient must so inform each employee organization and each employee who is hired or retained under this Agreement. Subrecipient must not represent or otherwise hold out itself or any of its directors, officers, partners, employees, or agents to be an agent or employee of the County of Los Angeles by virtue of this Agreement.
§104. Conditions Precedent to Execution of This Agreement Subrecipient must provide the following signed documents to the County of Los Angeles, unless otherwise exempted:

A. Certification and Disclosure Regarding Lobbying, attached hereto as Exhibit A and made a part hereof, in accordance with §411.A.14 of this Agreement.

Subrecipient must also file a Disclosure Form at the end of each calendar quarter in which there occurs any event requiring disclosure or which materially affects the accuracy of the information contained in any Disclosure Form previously filed by Subrecipient.

B. Certification Regarding Debarment, Suspension, Ineligibility and Voluntary Exclusion Lower Tier Covered Transactions, attached hereto as Exhibit B and made a part hereof, as required by Executive Order 12549 in accordance with §411.A.12 of this Agreement.

C. Certification Regarding Drug-Free Workplace, attached hereto as Exhibit C and made a part hereof, in accordance with §411.A.13 of this Agreement.

D. Certification of Grant Assurances, attached hereto as Exhibit D and made a part hereof, in accordance with §411.C of this Agreement.

SECTION II

TERM AND SERVICES TO BE PROVIDED
§201. Performance Period
The performance period of this Agreement is from September 1, 2021 to February 29, 2024, unless the County of Los Angeles, with Cal OES approval, provides written notification to the Subrecipient that the performance period has been extended, in which case the performance period will be so extended by such written notification, as provided in §503, below.

Docusign Envelope ID: 86CAF246-4543-4D62-BF04-3E353D45E3F0

§202. Use of Grant Funds
A. Subrecipient and the County of Los Angeles have previously completed a mutually approved budget/expenditure plan, hereinafter “Budget,” for the 2021 SHSP, which has been approved by Cal OES. This information is contained in a copy of the Final Grant Award Letter and Project Worksheet, attached hereto as Exhibit E.

Any request by Subrecipient to modify the Budget must be made in writing with the appropriate justification and submitted to CEO for approval. If during the County of Los Angeles review process, additional information or documentation is required, the Subrecipient will have ten (10) business days to comply with the request. If the Subrecipient does not comply with the request, CEO will issue written notification indicating that the requested modification will not be processed. Modifications must be approved in writing by the County of Los Angeles and Cal OES during the term of this Agreement. Upon approval, all other terms of this Agreement will remain in effect.

Subrecipient must utilize grant funds in accordance with all Federal regulations and State Guidelines.

B. Subrecipient agrees that grant funds awarded will be used to supplement existing funds for program activities, and will not supplant (replace) non-Federal funds.

C. Subrecipient must review the Federal Debarment Listing at https://www.sam.gov/SAM/pages/public/searchRecords/search.jsf prior to the purchase of equipment or services to ensure the intended vendor is not listed and also maintain documentation that the list was verified.

D. Prior to the purchase of equipment or services utilizing a sole source contract or the receipt of single bid response of $250,000.00 or more, justification must be presented to CEO, who upon review will request approval from Cal OES. Such approval in writing must be obtained prior to the commitment of funds.

E. Subrecipient must provide any certifications or reports requested by the County of Los Angeles to the CEO indicating Subrecipient's performance under this Agreement, including progress on meeting program goals. Reports must be in the form requested by the County of Los Angeles, and must be provided by the fifteenth (15th) of the following month. Subrecipient is required to complete any survey requests requested by the County of Los Angeles. Subrecipient must also submit completed Project Claims for reimbursement immediately or a minimum on a quarterly basis, and no later than the date stated in §201, above.

F. Subrecipient must provide an electronic copy of their Annual Single Audit Report, as required by Title 2 Code of Federal Regulations (C.F.R) Part 200, to the County of Los Angeles within 30 calendar days after receipt of the auditor’s report(s). In the event the Subrecipient does not meet the Single Audit Threshold Docusign Envelope ID: 86CAF246-4543-4D62-BF04-3E353D45E3F0